As humans, we are conditioned to look for patterns in life and we gamblers try to make predictions based on what we see, while we are gambling. The reality is that these patterns does not exist, but we like to pretend that they do because it helps us to bring order to the chaos that are gambling.  Some people seem to think that your bet size will increase your chances to win, but that is simply a myth. The reality is that it simply means your payouts will be bigger when you do win. A lot of my friends believe that it is better to spin the Slots manually, because "Auto spin" are rigged by the casinos... but that is also a myth. A lot of things come into play when a bet is made and it has nothing to do with the "auto bet" feature. (Client Seed / Server Seed & RNG and RTP ...) Have you pressed the "bet" button, before the reels have stopped.. thinking that it will give you a favorable outcome on your bet? Well, I have news for you... the outcome has been decided in milliseconds after you pressed the button for the bet, the GUI interface happens long after that to display the outcome of the bet to you.  (Go into the developer mode of your browser to see this) What patterns do you see and how much do you believe in it? I'm not sure we're "conditioned" to look for patterns, as much as we're comforted by them as it suggests there is some sort of underlying order in the crazy world that we live in. However people are generally terrible at making sophisticated calculations and heavily misjudge what they perceive is a statistic that might work in their favor when it comes to betting. You suggest that the outcome is decided as soon as you press the button, but as far as the end user knows every single bet could have been planned out the moment they registered and is simply following a predefined sequence, designed to give the illusion and manipulate the players in the optimum way, if you choose to play the games. |
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The biggest and most common financial regrets people will have.
1. "I should have started investing and making financial plans, earlier."
2. "I wish I had taken more risks and tried more things, when I was younger."
There are some who say its bad to have a tattoo. "The tattoo will look bad, when you're old." There are also many who wish they had tried more things when they were young. Before their window of opportunity closed. Before they had kids who rely on them, where they have less time. Before they were in a position where it became much more difficult to start a business or try different methods to tap other revenue streams.
For those who profit with stocks, crypto and other assets as other means of income. The most common regret is not having started earlier. Time spent idle could translate to opportunities missed.
There are some who believe the biggest danger is taking a chance. They play it safe. Not realizing not taking risks, could be the biggest risk of all.
Please share what you believe to be the biggest risks in finance.
I definitely agree with your first point and in many ways it ties in closely with your second point. After learning much more about financial instruments, namely investing, later than I should have - it's a real eye opener how much money there is to be made out there if you use your own money wisely. It was Einstein that once said that "Compounding interest is the 8th wonder of the world" and after doing it for a while you will definitely begin to see how powerful it can be. The younger you are the more mistakes you can make (financially) and recover from more easily, if you lose all your accumulated money when you are 60 it's probably going to be a real rough ride and recovery might be impossible. |
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In my opinion, I think referral bonuses are typically waste of one's time because of its processes that seems so impossible to claim and recently I came across a thread https://bitcointalk.org/index.php?topic=5437603.0 seeking for Casinos with paid referral bonuses and I tool out time to read most of the responses there and they all seem impossible to claim referral bonuses. I wish to know if anyone has successfully claimed referral bonuses and how easy was the process and what Casino did you claim those bonuses I think you must be using the wrong gambling sites or expecting too much from the reward of referring someone if this is how you're feeling. Refer a friend schemes on a low level are reasonably generous, mainly because word of mouth and a referral by a trusted friend is probably more likely to convert into a decent paying customer. However when you're looking more towards affiliate programs and mass referring users from different sources, then you may struggle to find decent payouts. Simply because you are competing directly with the advertising programs that casinos are already running, it can be hard to find a good stream of quality paying signups and that's all that casinos are interested in extracting from referrals. |
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Many years ago, I heard the story of a man whose business partner did dirty. They were business partners for almost 5 years and the suddenly the business partner left with company's money. Even after several years, this man didn't recovered. He ended up sounding it as a warning to his kids never to go into business with anyone. The trust was destroyed and never recovered. This is just one of those sad stories.
On the other hand, there are many success stories of friends who went into business together and succeeded to together. If you have ever gone into business with a friend, what were your biggest concerns and how did work through it.
If you value your friendship, then it's better to avoid going into business with that person. Some people might talk about it like a dream venture, however in reality business can be a very stressful affair and it is easy for cracks to form. People have different skills and work tempo's, this can lead to resentment building that it is not an equitable partnership. If someone is bringing very little to the table but taking a large cut, then it will ultimately lead to a falling out. Business is also driven largely around money and debt's can build up if it's not handled wisely. All sorts of problems may arise that could be handled badly and not just that - working in close proximity with someone can amplify even the smallest traits that might cause friction. |
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too?
Do you guys know that some casinos regulates their own slots machines themselves, can you gamble with ease of mind on such casinos?
If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game?
What is the most convenient games you play on gambling platforms?
Is using leverage about luck or skills? Or even a rigged game?
Looking at the 2nd and 3rd questions related to slot machines, the answers seem a bit obvious really. Outside of some online casinos which might have engineered a verifiable and trusted way to show that they are fair, every online and physical casino owns the facilities so have ample opportunity to bend the slots to do exactly what they want. However there is the underlying idea that they are simply geared to generate money from players over the long term, so they have no real need to abuse them too much. Also, anyone who says they are "good at" slots simply doesn't know what they are talking about and might have not yet learned that they have zero control over the outcomes. |
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The volatility of bitcoin won't end anytime, I think we have to give more time for more people to appreciate bitcoin and use it in daily business transactions. At the moment, I believe some form of regulation can help make things pretty much more stable than we have at the moment otherwise we shall experience more issues with volatility. The high price volatility of Bitcoin and other decentralized cryptocurrencies will never evaporate. On the perverse, if the expense of cryptocurrency will improve, the volatility will only boost, as the expense spectrum will develop.
As long as the price of cryptocurrency will depend on supply and demand, the high price volatility of cryptocurrency will remain. Still think the ETF funds can solve this problem, or at least will lessen the volatility of Bitcoin. The more control of the market, the less volatility it will be, now we still don't have any rule or laws to govern this market,.
Time and wider usage are the things that are most likely to bring stability to the price of Bitcoin. The more people who are using it for regular transactions, the more of it that is likely to keep flowing around in the network. This keeps the people running nodes happy, so fees stay stable and could potentially reduce. However it is a sort of hybrid commodity at the moment because it acts in some ways like gold, where people just want to buy and hold it for long periods, whereas it might be better for volatility if more of the currency kept flowing around in a functional capacity. Time will also assist because more people become more comfortable that it's a safe asset over the long run. |
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For most of us in my area here, it was like he did a charm, I personally envied him to be sincere, but not with any evil intention , I only wished I was as lucky as him.. But the sad thing about the whole thing was that, he's attitude changes, those are big amount when converted to my country's local currency, but not big enough to warrant his Change of attitude.. He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false. Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more, but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from. Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen. Feel free to chip in your contribution. Variance in gambling can be wild and it is a good lesson that you describe. Sometimes arrogance can blind a person into believing that they are highly skilled, when in actual fact they just got an extreme lucky sequence of events and it can all come crashing down one day. Unless you're doing a truly skilled activity, with many thousands of hours of evidence that you are profitable, probably accrued over years of hard work - then you might not have any sort of winning strategy at all. Your opening story makes reference to learning from other peoples mistakes, and this can work on a low level, however sometimes to truly learn a lesson and take heed it requires you to feel the pain so that you will not repeat it so hastily. |
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Working as a civil servants have always been my thing, I work from Monday to Friday which to me is normal, I feel proud doing it until I started trading bitcoin.
Trading started making me see things differently, because I no longer wait for my monthly salary, now I earn money daily and week, due to the kind of large amount of money I make in trading I fell out of love for my civil service job, because the money is small but it is still a decent salary.
Note: in trading I earn base on performance, but even though the market is too bad, I still earn a decent amount of money out of it in a month base on my level in trading.
My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.
Which do you prefer an why.
Many people have gotten rich by turning their side hustle into their full time work, there is no shame in that. In fact it would seem that you are much more productive in your trading work, so you should do more of that and as long as you are paying taxes fairly - it's better for your community/society if you do the job that earns more, as long as it provides enough satisfaction to you. It seems like you've lost your love for civil service work, so take the money that you're earning and find some way to give back. Buy some land, plant a forest and donate it as a park. Go litter picking every day. Help the elderly. Join a food kitchen that feeds the homeless. There's all these other ways that you could help in your free time. |
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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.
Speculating in buying cryptocurrency is definitely comparable to gambling in some respects, but I'd say there is one key difference. When you are gambling, it is often a binary outcome on your return - either you win or you lose your bet. When it comes to cryptocurrency it is way more variable and volatile than traditional investing like buying index funds in the stock market, however it is not a binary outcome. You might have $100 worth of currency one day and it could drop to $80 on day two and then $60 on day three. If you are disciplined and have some sort of trading strategy, then you might decide that losing 40% of your money is a signal that you will take a loss and sell out. You've not lost your whole "bet". |
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This news is from the IT Hub of India, that is Kolkata. The Techie who is just 23 years old had invested a big amount of money in the Crypto space. The investment when asked him was around INR 30 lakh ~ $ 36,600 in US dollars. That is a definitely huge amount considering his age and country of residence. Even in America, 36K USD is pretty handsome money and you can do many things with it.
So the gravity of this can be sensed easily.
He was saved by the Cops after a local Cab driver alerted the police and the response team was at the incident quickly.
He was trying to jump from the largest bridge on the river named "Hooghly" to end his life.
The investment was not his alone but he collected the money from various sources. He took loans and also was using the pension from his mother. Definitely, he had no plans and no idea what he was doing.
Just save up your bitcoins in cold storage, only buy what you can afford to lose and most importantly don't fall for the traps of crypto space.
Bitcoin is the only savior in crypto and if you own the keys, you win the market.
Unfortunately he was not the first and will not be the last person to go this route. On one level it is devastating that anyone would attempt suicide and any help possible should be given to someone in that state of mind. However on a different level, he has effectively gambled his money away and to call it "investing" is misleading. Investing implies that there is some structure and substantial research behind it, but anyone putting money into such altcoins is simply hoping they can find a greater fool to buy into their coin at a much greater price. It revolves around greed. Was there ever a point where he was up after buying in? Was he waiting to double his money but could have taken 10% extra at one point? When is it enough to cash out? |
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Reading another post, it crossed my mind that AIs and particularly ChatGPT could potentially be trained with a large samples of games played by poker champions and then put it to auto-play with amateur on-line players. If this is successful, it could mean the end of human on-line poker playing except perhaps for the world masters and the like. Has anyone tried? Would it be possible??
I think it could probably make a dent, but realistically this might be classed as "cheating" by a casino and they often have measures in place to prevent it. There is already software out there, overlays and similar, that crunch this sort of data and convert it into useful statistics - telling you how strong or weak a player is doing. Most online poker rooms these days include a lot of the useful information in a heads up display when you hover over the player name. They already know that such software is out there and try to level the playing board as much as possible in that sense. Whether ChatGPT can go a step further with analysis and determine what the right move would be at any particular moment, that could give a stronger advantage but it needs a large data set to mine and is still then only performing "educated" guesses. |
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So, I had been an Android user for a long time, specifically a high-end Samsung, except once when I got a Huawei or Xiaomi as a present, I don't remember.
I recently decided to buy an Iphone to see for myself what was good about it and compare it with Android, because I had seen eternal debates on the internet and I preferred to decide for myself.
I bought the Iphone 14, paid in cash, without insurance or shit, and after a few weeks of use, the only thing I see better than Android is the camera. The operating system sucks, and has disadvantages like it sucks to copy and paste conversations on Whatsapp, or not being able to edit a word you are writing when you see that you made a mistake in a letter without deleting the whole word. The swype keyboard sucks. The same for phone numbers: if you make a mistake while typing or you copy and paste a phone number and you want to add the international prefix, you can't do it, you have to delete the whole number and write it again without the error or with the prefix at the beginning, depending on the case.
In the end, I think it's at the very least equal to, if not worse than any $300 Android, which I came to the conclusion that if Apple has managed to sell shit at a gold price, I wanted to be part of the deal and have bought Apple stock.
I know people with low incomes that finance the Iphone for 24 months and when the new one comes out they go to get it by refinancing (although they also get a discount for returning the old one).
Apple has managed with the Iphones to sell an idea of status or prestige that has no justification in the quality of the product, but in the faith that their followers have in them.
Therefore, I think it will continue to be a very good business for many years to come.
While it's interesting to see the outcome of your experiment, it is curious that you'd waste whatever large sum it cost you for an iPhone in order to figure these things out. Maybe asking a friend and having a little play around could have come up with the same thoughts, but you might have a lot more free cash that makes this acceptable. I've been using an Android for probably ten years since switching away from Apple and it feels perfectly intuitive, the only advantage I could see from an iPhone is that the store is alot more regulated and you're less likely to get malicious applications in it because they invest more in the vetting process. Besides that for me personally, having a slightly better camera means little. |
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There ia the big evolution that allow live play roullete and black jack and more.
I consider bw the first one to open live casino street games.
The one that simple players play like 24 (alternatove to roullete)
Coin flip and more all broadcast from thr streets
What you think?
Edit; i dont think all understand here what live casino games means.
If you dont understand what is live gamre watch endoephina is mean the bets ard played live by real person every few seconds. (Real blackjack dealer,real roulletr dealer etc)
So if you think it can be rigged it doesnt make sense. Live casino providers dont gain anything from rigging a game t
For example if lose win 5k hand live black in stake.com by evolultion provider. Evoulution gain about 0.5%.
Stake.com gain the most.
Livecasino providers dont gain shit fron rigging games this why they are much better option than playing on a regular self made casino games. Is more trusty way to gamble.
It's probably you that doesn't understand the words you've used to describe what you're talking about. Street games to most people would be the hustlers that you bump into while walking around the street, the people running what is usually a small scale con job on unsuspecting customers - you might find them pop up in places like Las Vegas if they think the police aren't looking. Live casino games are a regular and expected fixture at any large online casino now and does add of human interactivity to what might otherwise just be graphical games. However they can also be rigged much more easily as dealers are often hidden away in some back office and everything can be manipulated much more easily without any auditing of the room. |
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I watched a youtube video, a guy is showing how live roulette in online casinos scam us. after watching some part of video, i check the comment, and on 4th comment i found this guy telling how they scam us.
"The practice when the roulette balls are made of piezoeletric ceramiC.The material used is Barium Titanate BaTiO3 on the surface, and Barium sulfate BaSO4 on the inside insulation.
The ball caries polarized surface charges when hit by anultrasonic sound wave. This is sent from the inter- digital transducers placed in the pockets of each number.
They send a wave to the ball that polarizes the surface with a negative charge.
The spoon/ pocket of the number olso negative; thereforethe ball jumps out trough electrostatic repulsion.
Each number pocket is controlled by a transistor called IGBT.
This transistor turn on the switch so that the pocket is negatively charged.
The control room computer leaves the pockets that it wants the ball to go in neutral or of.
This is akk maneged by the sophisticated software and computers.
So that why you can see situation when the ball geteither pushed out violentely od sucked into the exact to a number.
I am positive you know that the ball stick to a number like a dart and also ball being pushed out from the pocket after almost completestop.
So this would be yes this technique could be possibly used to manipulate the outcome.
This is happening on you live dealer wheels."
do you think, this is possible or they are already doing it? popular game providers like evolution, pragmatic, etc.
No doubt there will be some shady, backstreet physical casinos or even online "live" casinos that utilize such methods - it's always worth looking out for shady behavior but not that the average player would be able to distinguish it versus normal variance of the game. The fact is that this game is already geared towards the house, so all they need to do to make money is to let people play it and it will pay for itself. Taking out the cost of paying for a dealer (which might give the house some incentive to cheat if not enough bets are coming in) and replacing it with an automated system that could release the ball would give them even less incentive to cheat. Frankly, unless you own the casino or have permission from the regulator to check, you'll never be able to tell |
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Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
Investing is all about risk and trying to minimize it while extracting the biggest returns possible. If you want zero, or at least close to zero, risk then you should keep your money in the biggest banks earning 2% if you're lucky via a savings account. That being said, people can often be far too naive when it comes to handing over their money if someone throws them a sales pitch and there is often a level of greed to it. People see claims like doubling your money in a few months and start to have wild dreams of what they could spend the money on, but ignore the fact that such a return will come with extremely high risk of losing all your money. Be happy with taking 6-8% out of the stock market where your risk is reduced, especially if you buy an index with a diversified basket of companies. |
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Hi there guys,
Since I've seen what happened to Coinplay, my question was: Why we should play with minor gambling platform, and not use only gambling platform like Stake, CloudBet, fortunejack ecc. which ensure us good games, 100%
of safety in terms of withdrawal and provably fair (about games)? This question is also for the owners of gambling platform, maybe they can help to reply it.
Back in the early days of bitcoin/crypto when the gambling scene was still very much the wild west, it would make sense to try out several different offerings and they were naturally all newcomers. These days the security of the biggest crypto gambling sites are very much safer than any new startups. These sort of sites have now attracted the full attention of hackers and DDOS attackers who try various methods to steal money. Bigger sites have had time to come up with strategies to handle them and have 24/7 security teams to monitor activity, which will often be missing with one man operations trying to break into the scene with limited resources. |
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The recent kidnapping of four Americans exposed me to the medical tourism going on in America. I have always thought that the US was a perfect country has very functional health, economic, and political systems. I thought all Americans have access to cheap and quality medical services until I read that over one million Americans go on medical tourism in Mexico yearly.
And the reason why some of them choose Mexico was because of its quality and low cost. These medical tourists are aware that it is risky to do to some parts of Mexico, but they still go there because they want to cut costs.
Is there any other reason why Americans go to Mexico for medical?
It's not a new or particularly unsurprising phenomenon and takes place in many regions across the world. The fact is that there are massive cost disparities across borders which means that medical staff, facilities and supplies of the same standard can be much cheaper. It happens in Europe with people travelling to places like Turkey for surgery. However there can be some more lax standards in general so you really need to understand the quality of the service you'll get or it can be disastrous for your health. |
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Court sentences mother, son to 7 years imprisonment and what did they do? Court sentences mother, son to 7 years imprisonment
The mother and the son after gambling away 5.6 million naira, that is about $8,000. When the reality dawned on them, they gave false information in petition, accusing someone of fraudulently transferring the fund from their Opay account to the sport betting account without their authorization. Could this be a case of making someone pay for what they didn't eat or a case of double standard. Bet as you can sustain and not allow your emotions have a better part of you. One of the worst problems with addicts of any kind is that they've lost control of the situation and are often willing to stoop quite low in order to fulfill their perceived need. It's very hard to break the habit when you're so deep and some people will keep digging a hole instead of working out how to climb out. At a certain point it is just harming yourself but when it starts to hurt others around you or needing crime to fund it, then you will have to suffer the increased consequences. |
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Key Takeaways
1. The goal of the China social credit system is to provide a holistic assessment of an individual’s, or a company’s, trustworthiness.
2. The China social credit system, while still in development, is arguably an extension of existing social rankings and ratings in China which have existed for millennia.
3. The consequences of a poor social credit score could be serious. It may affect travel prospects, employment, access to finance, and the ability to enter into contracts. On the other hand, a positive credit score could make a range of business transactions much easier.
4. It is essential that any foreign business consolidating or establishing their presence in China seek professional advice for managing a social credit score. This applies both to individual scores, and the corporate social credit score.
___
Do you think this is a good system for managing people so that good people get more benefits at the expense of bad people.
The mid point trap door and description for it highlights the real reason behind this. It's all about absolute political control and coercion. A dystopian society where you cannot criticize the leaders of your country, even if they are completely incompetent and leading your people to self destruction. The good news it such societal controls ultimately lead to self destruction of the political elite, the bad news is it can take a while to happen and nobody knows what will be the final straw that breaks it. It's pathetic and almost comical that they put online cheating at the bottom of all this, like that is the worst thing in society - not drugs, or domestic abuse, or any numerous other crimes. |
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A Shanghai man was sentenced to prison for kidnapping his own granddaughter so he could maintain his gambling addiction with the ransom money.
The kidnapping — orchestrated by a 65-year-old man identified only by his surname, Yuan — was first reported by the Shanghai Law and Rule Journal. The legal news outlet didn't specify when the incident occurred but wrote on April 18 that Yuan had just started serving his prison sentence.
Yuan kicked off his plan by picking up his four-year-old granddaughter from her kindergarten and taking her out to eat and shop without her mother's knowledge, the Journal reported. many gambling addicts have lost their minds because their desire to continue gambling overpowers their common sense, hence the importance of "gambling responsibly" There are three licensing objectives which support the whole basis of gambling regulation:
- that crime should be kept out of gambling
- it should be conducted in a fair and open way
- children and other vulnerable persons should be protected from harm or exploitation from gambling. This is not just limited to gambling addicts and is much rarer in such people. These sorts of devastating and horrendous crimes happen on a much regular basis when it comes to things like drug users. Not that it excuses it in any way and we should always be striving towards making sure no addicts are created if possible, or they're given the tools to self exclude if they get so lost in the addiction. This sort of person is in the league of murderers, that in normal neighborhoods are extremely rare and only achieve media notoriety because it happens so infrequently. You need to be careful of blowing this out of all proportion because it will stray on to the front pages as it is so far from normal. |
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