I'm asking out of curiosity, are you guys experiencing a surge of gambling ads on youtube videos lately? this past week I've experienced an increased encounter of gambling ads on videos I watch on youtube. it's not that it bothers me, I am just surprised because I don't remember getting this many gambling ads on youtube videos in the past, but this past week, I usually get a gambling ad from 2-3 out of 5 videos I watch(it's just an estimation because of how often I get the ads). I don't know if it is because I recently watched several videos of streamers gambling or it's just a coincidence, I've watched streamers gambling videos in the past but I have never gotten this many gambling ads.
Often these things can be connected back to large, or even very small subtle changes in terms and conditions at places like Youtube. Maybe the rules surrounding gambling adverts have received a second look by Google lawyers and with the recent relaxing of gambling around the USA it could be more acceptable for them now. Gambling adverts are one of the highest paying niches in online advertising, so you can guarantee that it is very lucrative for Youtube to be allowing them and they will have gone into a lot of detail to make sure it is ok. Alternatively, maybe the adverts always existed but you have just started following more of this content so their algorithm has shifted your interests over to this type of ad. |
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When you're short on cash, it can be difficult to quit borrowing money.
Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.
Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.
The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.
More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.
I have to agree with this philosophy because borrowing money puts you on the completely wrong path in life. With the exception of borrowing money for a mortgage (which in many scenarios can leave you with an asset worth more than the amount you borrowed over a long time period), most other debt will be very bad for you in the long run. There are a few exceptions, like credit cards that allow you to borrow but might give you 24 months interest free as a promotional offer, but these are rare. It is always going to be better for your peace of mind if you can save up in advance of any anticipated costs, or otherwise live within your means. It can often lead to borrowing more and dent what should be your accumulating wealth. |
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How many times have you successfully invited some gamblers to online casino? What is your experience doing so? I know many will find this hard to believe but I kinda prefer bringing in gamblers than investors into crypto, why? They understood the risk already, there is no talk and talk over again, there is no dealing with someone fear and confidence..
I have successfully brought in four people into crypto gambling, and it was the easiest thing ever, they came asking if it's possible to use crypto for gambling and I said yes, but I told them that I am not ready to introduce any platform for anyone, but these guys then showed me there past gambles on a local website that only accept Fiat, that's when I got soft with them and I showed them the websites I use for gambling.
The thing is, they are small time winners and big time losers, I mean they lose more than winning, it's been two weeks and two of them tell me about their loss and gains, but they make it feel normal, to them it really is, not like the crypto investors today, always in hurry to double their money, some are even scared of investing in Bitcoin, which is the safest of them all.
Who are these random people that need your advice to do something very obvious? If someone is a gambler and someone also invests in crypto, they would naturally discover this themselves. It's actually a little bit silly in some ways to use this route, if they're already comfortable with fiat currency gambling, because there are additional fees that they face with engaging in crypto transactions. If someone is doing crypto already then it's probable that they are inclined into the more risky things in life anyway, so there's not much harm giving recommendations and potentially making money from referring your friends. You could just point them to this forum section and they can make their own choice from many offerings. |
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Some time 4 years ago, I started to save so that I can buy my dream car which was around $15,450. I was determined. I cut a lot of costs and delayed so many gratifications. For example, I stopped going out with the boys. I did a lot more recycling. I quit eating out and opted for cooking my own meal, I didn't buy new clothes, jeweries, electronic devices etc. I was pretty determined to reach my car saving goal. Before I knew what was happening inflation struck and it swept across all industries. Did you know that my dream car that was an equivalent of $15,450 rose up to $23,680. My heart sunk. It took me doing some additional jobs and twice as much time to rise the new money. So, when someone said that inflation posses a great challenge for delayed gratification. That is, delayed gratification isn't as rewarding especially during inflation, recession. I agreed with them. Do you?
Some of the effects, like the one that you described are short and fleeting, for example the second hand car market after Covid became red hot because there was such a long lead time on new cars getting delivered when lots of component manufacturers had dropped capacity. That has started to get better now but there are still long lead times on new cars, it will get better eventually. The best thing to do with your money is to try and invest it in these very same companies that are raising prices so much, because their profitability will shoot up in uncertain times. A few companies do it for genuine reasons like supply chain costs increasing, but others are taking advantage and making lots more money while their costs have not gone up much. |
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I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.
Still, I refuse this because I believe they are wrong, Bitcoin market has charts and I am playing with charts even if I am a full-time Bitcoin trader, all I need to do is read charts, and if I am good at it I will win vs gambling, where it's you vs a company which we can never tell if their games are completely fair or not.
Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?
I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .
Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.
Realistically some people have low self control and the best way for them to approach gambling is to avoid it altogether. Trying to control or limit it will not work for most people, because when you're in the moment it's too easy to forgot all the restrictions that you planned around it. People also often misjudge or misrepresent their winning streak as you describe, they only remember their last big wins but forget all of the little losses that outweigh them. People are much more comfortable playing along with the illusion and allowing their own brains to trick them, it can often be a coping mechanism that is not even intentional - nobody likes losing money because it hurts or might mean you are foolish, so it is mental damage control. |
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Now all the news is writing about a possible default, is it real in the modern world, or is it information propaganda? How do you feel about this situation and what will happen for the rest of the world, you should be afraid of inflation or subsidence of the entire market. how to act in this situation and not lose money? It is worth now to run to withdraw money from the account or change it to the currency of other states. What kind of alignment awaits and what to analyze in general. Perhaps the extreme situation is a technical default, which does not pose a particular threat, but you need to prepare for non-standard options for the development of events.
It's quite damaging that these debt ceiling negotiations keep coming up every few years because it seems that politics has been increasingly polarizing over the last decade. At some point the political parties will get so far apart and cause so much friction between themselves, that they will fail to negotiate on raising it. This would have massive repercussions to American power around the world if it ever did happen in the fullest sense. As huge amounts of American debt, which is considered one of the most reliable in the world, would suddenly become shaky and potentially cause massive ripples. There have been backup options discussed in the past but they are just sticking plastic measures, like the President issuing a 1 trillion dollar coin to the US treasury/ |
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The global online gambling market size was valued at USD 63.53 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.7% from 2023 to 2030. The growing internet penetration and rise in the use of mobile phones among users for playing online games is increasing the demand for online gambling. For instance, in 2022, internet penetration in the U.S. was 92% of the country's total population. Furthermore, cultural and legalization approval, easy access to online gambling, celebrity endorsements, and corporate sponsorships are also helping market growth. SourceBased on type, the global online gambling market is segmented into poker, sports betting, casinos, and others. The sports betting segment is expected to gain a substantial market share in the forecast period due to the growth of the sports betting industry driven by the effective use of computers and cell phones to place wagers on sporting events. SourceWhen you summarize it, it all goes down to the "easy access" of the gambling sites in the world. Cell phones/smart phones - If there is no application available for the gambling site, you can always use the browser of phone instead, if it won't work in mobile view then, you can use other browsers that have the feature of "desktop view". It's actually easy nowadays to create a solution for small problems like this. Desktop/Laptops - According to ACS (American Community Survey) 89 percent of household today have a desktop or a laptop in their place. Internet connection is not a problem anymore because they are offering cheap prices for 10-25 mbps speed. Gambling sites doesn't need a super speed internet just to access it, most of them are text-based websites so loading a page won't be that long. Marketing - We can now see celebrities endorsing the gambling sites. Even our heroes in the sport can now be paid to put the name of the gambling site in their shirts or jerseys or if they want more money, they can use their tongue and say the name of the site. Sponsorship. Every time we watch a sports event, any sport, you name it, we see their names being flashed on the screen. According to the articles shared, sports betting will have the highest market gain in the next few years. What do you think? It does feel like the market is still expanding and even some US are only just legalizing it more at the moment. It might continue to grow until there is some push back by politicians or any societal effects start to appear. Like you say, the resources involved in setting up and running a casino can be fairly minimal - they can be run from fairly light apps, so as long as the user has a basic phone it will work for them. The biggest issue facing casinos is that more people become aware that it's just a money pit. The average user, for casinos at least, will usually figure out that they are not going to make any sort of good return from playing these games - but they might keep gambling their whole lives in things like sports betting. |
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Here is what happens to my friends and me and I am sure this is a reflection on different financial values and life attitude in general. Well, I don't drink any alchohol while a few friends of mine love drinking very much. They would gather to have dinner/drink almost every day(at least four times a week). I am often invited but due to my no-drinking habit, I usually turn the invitation down. We are all family men but they are a few years older than me. Their children are much older than my kid so probably they don't need their fathers' attention and time. I always put my family first so this is also one of the reasons I don't join them that frequently. Financially, every gathering meal/drinking is not cheap because it involves a lot of drinks and dishes. The average cost of such dinner/drinking is equivalent to 1/5 the average monthly income in the city where we live. So every month, the cost for these "gatherings" consumes all the income that a man can earn for months. This is considered a huge waste of money in many people's eyes cause most people don't earn much. Although I don't drink, occasionally I will treat them and pay the bills for the guesture of friendliness. Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.
It depends what you feel comfortable with really. If they want to drink and eat away their money in a frivolous manner that is up to them. It can be better to enjoy many things when you're younger rather than over saving for retirement when your body aches and you cannot do as many things easily. It's a hard balance to find and it does feel like going out 4 times a week to eat is maybe too much, but it can depend on how much they are earning along with what the generally accepted behavior is where you live. In America it might be much more common to eat out and drink than Europe for example. As long as nobody is getting into financial trouble then just be at peace with what makes you happy. |
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Correct me if I am wrong
I am not a football fan and any form of prediction is still a gamble to me, but I have gamble on few different online casinos and I believe that gamblers on casinos gambles with the casino games, meaning it's between the gambler and the casino, but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?
This makes it more cleaner to me, there will be no tampering of the system or fine tunning their games to make gamblers loses more than they win.
Can anyone confirm if this is right? Or wrong.
You are right in the sense that the bookmaker has no control over the outcome, but they work with vast amounts of information and prediction methods to determine favorable odds to offer the bet. On top of that they add a buffer margin, so if they think that the bet is worth 2.0 (in decimal format) then they would offer it at 1.9. This rough margin of error and being able to predict the majority of results with reasonable success allows them to bring in a steady profit. There are many fewer upset results than you might expect, so the bookmaker generally walks away with a profit over the long term. In areas where they don't make a profit from players, they will tweak their odds until it makes financial sense to them. |
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According to various studies and world inequality report 2018, large portion of world's wealth is concentrated in the hands of small portion of population, while the bottom 50% holds less than 2%. This distribution of wealth is highly unequal and cause of concern for many people, as it contributes to social and political unrest all over the world.
What governments can do to make it more equitable?
It's probably much worse than you portray actually and the wealthier are getting even richer every year. A large chunk of that 80% will also reside in the hands of more like 1% of people and below. It is truly obscene how much wealth is wasted in the hands of a few, but unfortunately well regulated capitalism is very hard to achieve. There are a few super wise countries who had politicians with the foresight to use their resource wealth well, like Norway for example, where the profits of oil development went into a sovereign wealth fund for the wider public to use - instead of being sold off as a one off bump to government accounts like many countries did with their oil rights. |
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It's been a year and half that I talked last with a family friend who is living in North America and finally, he replied my messages after so many sms sent out to his number, he told me about how he own 60k in gambling and I somehow feel sorry for him but at the same time I doubt this, because I don't see anyone talking about gambling debts before.
To play in any casino you have to come with your money or asset, or are there any casinos that allow play and pay later? Or I am thinking if maybe he used a credit card for gambling? We all know that debt is possible on cards..
I know some people likes taking loans or borrow money, but I know him too well, he always advice us to never take any loan for anything.
I know some are wondering why I don't ask him, he is way older than me and I don't want to ask him, I only told him to take things easy with himself, I don't know if asking can make him feel bad even more.
So is gambling debt one way or other possible without the person taking loan or borrowing money?
People simply don't get the same thrill from gambling virtual money, or very few people would. The buzz that attracts people to gambling is the idea that they can get rich without having to do any work and maybe find a shortcut to wealth. The reality is that you are not going to be the one out of ten million (or even higher) that is lucky enough to land a life changing sum of money, and even if you did you are probably so in debt like the example you gave, that you probably threw that much money into the casino beforehand and are going to lose it all back to them afterwards as well. Casinos don't offer a "buy now, pay later" - they want money upfront, because otherwise you could just go into bankruptcy and they would never make a profit. If you go into bankruptcy it would be credit card or loan providers taking the hit. |
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Read it completely on the link, or read the quote Self-regulatory organization CryptoUK and crypto exchange Kraken have slammed a recent report from a panel of British lawmakers that suggested crypto should be regulated in a similar vein to gambling. Crypto is not gambling, we all know that. But crypto can be seen as gambling for some people that do not understand much about them because crypto gives more hope than gambling. Bitcoin is a commodity, most altcoins like ether are securities. Why can lawmakers think that crypto are like gambling. Are the lawmakers right about this? The act of gambling can come in many forms. You have straight up bets most of the time where it is win or lose, but there are potential scenarios where you could win by correctly selecting 4 out of 5 options on a multibet for example. Other bets involve risking money, or other items, with the expectation that a later outcome might increase the amount you initially put in it. There is a very fine line between gambling, speculating and investing, which some people doing it may not even fully understand. Certain forms of stock market investing, like in very small but growing companies, can be akin to gambling if you buy shares in them - because they are at high risk of going under like many businesses do each year. It's easy to see how crypto can be framed in a similar fashion. |
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Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.
Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.
It is still relatively recently that these high cost transactions were occurring on the blockchain, it's possible that casinos started to enforce much higher transaction fees because they were getting complaints of incomplete withdrawals. Maybe they've manually interfered with the fee amounts and need to reset whatever intervention caused this. Ultimately it is a fault of crypto that transaction fees could even spike up so high, so your annoyance might be misplaced but it's also fair that these companies which make a living from such transactions become better at adapting their software to the up to the minute environment. Transaction fees last time I checked were still relatively high compared to a few weeks ago, even if it was way from the peak. |
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Africans are blessed with a lot of minerals that if this resources are gainfully used for benefit of their citizens, this God given resources would add colours to Africans. Countries in Africans like Nigeria, Serial Leone, Ghana, kenya, south Africa and lots more you will a lot of natural resources either misused or abandon by government and even if they see need to use them, is either abused or mismanaged. Petrol in Nigeria till today is been refined outside country and still import back to Nigeria on a high price, lots of minerals like coals, salt, kerosene, gas, petroleum and so on but no appropriate handling of this resources, so even the citizens can not benefit from it. If Africa can make use of their resources well, they will be more independent, free from indebtedness and indirect colonial system of other countries.
Sadly it seems the modern world has overtaken Africa, many countries stripped their resources because guns versus arrows ended in one result hundreds of years ago. They had so many tribes split across the continent that made it hard to borders to establish and the climate conditions made it especially difficult to develop the infrastructure that is available in places like Europe. While some countries built railway systems in Africa it has barely been worked on since they left. The politicians of these countries often take a very short term view and purely enrich their own families. Who can blame them quite frankly because their is such cut throat corruption in these places that someone else will step into their place quite easily while the average person scrambles for the limits resources left over. |
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Long ago, I had created a list of sportsbooks with presence on bitcointalk along with a few categories to help fellow bitcointalk members look through them and decide on which sportsbook to choose. That list has been outdated for a while and I think it could be improved upon. Want to put some more effort in and work on it, in the later half of this week and weekend. I'd like to recreate a list with up to date information. Please do contribute on what categories would you like to see to compare sportsbooks.
I think there's a lot of useful stuff that can be overlooked with bookmakers that could be useful to newcomers. Whether there are any blockers or delaying tactics at the withdrawal stage is important, because sites can often make it instantaneous to send money but then put small or big obstacles in the way when you want it out. Whether there are any thresholds for KYC, they might put this in their terms where if you have $500 in bets that they will decide to pull identity verification on you. How good their special promotions are - some make it really simple to convert a welcome offer into cash, but others like to do things like require you to bet 100x your reward before letting you cash out - often losing any bonus and more in the process. |
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What to do with all guy who loss money to stock market They are all promised to have retirement, stable and passive income, happy ending, fast car, fast house, fast woman, big fat profit, millionaire, high risk high return. Some of them got into big loan and loss everything, while they are still having to pay their loan. Are they gonna get a refund? The broker tell me stock market would make a come back again, it is just a cycle thing, technical correction, everybody would get their refund when market come back again. Now is the best time to buy low, when they market come back, it is your chance to retire young retire rich. I told broker this is snake oil, and it is over. He respond it is not, you see, everybody too is doing this shady business, everybody doing it, you know, ape together ape is strong, when ape is strong, police is weak, law enforcement is weak, they can't fight the ape when ape together.  Why would they get a refund? It isn't "if you win you make multiple times your money back, if you lose you get to walk away with your money". No. The stock market is about risk and a proper investor goes into it with their eyes wide open. They understand that a small company could make them a lot of money if it grows fast, but many fail along the way and end up losing everything. If you choose a medium to large size company then the risk decreases, but you might be lucky to get a dividend payout - your return on investment - at maybe 4% per year. You should either stick with a low fee and wide range index fund, or you need to put lots of effort in to learn how to assess companies before you buy shares in them. |
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This happened to me already twice in a row. I'm gambling for a long time but this is the first time I experience this kind of messy situation because it involves the fck up mempool.
I deposit my funds in a casino using a low-priority fee. I managed to triple my bankroll by playing a quick game of Blackjack with huge bets. But since my deposit is so frickin slow to confirm while I don't want to bump my fee since it will create a different transaction on my account. Due to my winning streak while still waiting for many hours, I decided to just play slowly using a 1$ bet. This 1$ bet grows to all-in because I just keep losing for an insane lose streak just because I can't withdraw my funds.
Sharing my personal experience of my recent losses so that no one will commit this same mistake. Bet responsibly. I will stay away from gambling for a while now that mempool is starting to suck once again.
DON'T GAMBLE IF THE INSTANT WITHDRAWAL IS NOT AVAILABLE!
These gambling companies are using all sorts of creative and devious algorithms behind the scenes to manipulate people into losing money. The whole gambling setup is often located in a blackbox that you will never be able to analyse or dispute. If you do happen to get lucky short term, then either the natural variance will be lost to the inbuilt house advantage or they will speed up the process, targeting you with a string of losses to return their money out of your account. You should definitely avoid working with casinos that have large delays built in around withdrawals or put too many steps into place to prevent you getting money out. They should be as fast giving you money as they were to receive it. |
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Financial education has always been a game changer in the financial state of a man, it is the best education a father can give to his children because once you are financially educated, it's near impossible not to be financially stable.
Have you wonder why most lottery winners have gone back to square one after winning or most rich kids losing their inheritance due to poor/bad management of funds, it's because they lack financial education.
On the other hand 1million dollars is truly a life changing amount of money but if you are not financially educated, you will lose it all on the long run,
I don't know if anyone sees it the same way I do?
You can learn financial education while sitting on one million dollars which will go a long way if you eek it out. There are plenty of people who smartened up when it came to finances after running into big sums of money. If you have a million dollars, there are lots of very reliable places (like the biggest banks on wallstreet) that will pay you $50k a year just to hold your money while you learn about stocks, bonds and investing. One million dollars can mean vastly different things depending on where you live, in San Francisco it might buy you a small apartment, in the countryside of Chile it could buy you a palatial mansion with massive grounds, so location is key to this question as well. |
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Something happened in my locality and I just wonder if that's how we also behave in the online space.
So, they're always a group of rougues in my country, they're often sited in the market place where there's a reasonable population, what's their work???
The have things in a martch box like stones and sticks, they'll ask you to pick the one out of it that has something, depending on what the want....
At first, when you pick, they'll let you win so as to drag your attention, then subsequent wins, you'll be at the losing side and the make sure the drain your pockets entirely.
So, just last week, this lady fell a victim and she was shouting and crying, the had obviously emptied her pocket and even gotten her phone from her in the process of the gambling.
My thoughts, is this how we often feel when we lose out on a bet??
Do you wish the site can refund your money??
Gambling should be your choice, you shouldn't let anyone compel or persuade you into it.
If you're gambling literally on the streets then you should expect to get hustled, so many of these scams are shown on youtube and there is a lot of variety to them. Ultimately they all prey on the deep down greed that exists in people. As you described, they are often a form of confidence trick - they will get you comfortable with winning, once, twice or even three times. Then they'll seek you draw you back in with much larger odds than you thought about at the beginning and suddenly you've lost sight of the small wins and lost a big bet. Nobody should approach people doing these sort of games on the street because they likely know how to handle themselves and have been doing this for quite some time. |
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In this thread, I want to discuss the story of a country that for the last 100 years has succeeded in becoming the largest economic power in the world, especially if it's not the United States. even though about 150 to 200 years ago the American economy was nothing when compared to, for example, the British Empire, the Chinese empire and also the kingdoms in Hindustan, but only in a short time, the current American country could become a giant power in proportion to GDP (Gross Domestic Product). reached 24% of all GDP in the world.
right now even if for example compared to other countries, America is 20 times larger than the GDP of other countries, even the number of financial assets in America in 2021 then covers 28% of all financial assets in the world. in the same year, now entering America's natural wealth, it has the second largest natural resource in the world with a value of 45 trillion dollars which includes coal, natural gas, copper, gold, wood and many more specifically with gold America has the largest gold reserves in the world. world today, namely 8,133 tons. this gold reserve of America's wealth does not include its vocal vocal industry like Hollywood and also the music industry and also the technological empire that almost monopolizes access to information technology around the world.
So the question now is why did America become such a big economic power? even though if we look at the history of America 100 to 200 years ago it was just a nomadic colony which was a runaway from the Europeans so at the beginning of their independence in 1776 the American people were still very far from the word prosperous, most people in America needed to fight to fight against the ferocity nature and winter even fought against the local population to be able to survive everyday with a GDP that was only 2% of the world's GDP at that time. The United States is by no means considered a force to be reckoned with. My question is what are the factors that make the United States the largest economy in the world?
Just like the biological and natural selection process that goes into creating unique forms of specialized life. America managed to hit just the right type of ingredients that came together at the right time. From the earliest days they had near unfettered land and resources to expand their population rapidly, which gradually created the foundations for one of the most free societies that the world has ever seen. They managed to suppress religious interference relatively well, which allowed the richest to drive forward innovation. Combined with an effective set of rules, or laws, that were actually enforced in a (reasonably) fair manner, plus becoming the reserve currency of the world which allows great influence. |
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