I think it worth a little discussing. It's known for everyone that Jake Paul's lawyers made an All or Nothing contract and Jake asked Tommy Fury to sign it. The term of contract was following: - [Jake] If I win, I take all the money you're being paid. If you win, I double it up.During that moment, John Fury interfered and told Jake Paul: You've got my word as the head of the Fury clan, he will definitely sign that. You've got my word on that. After saying that, John Fury shook his hand, as did Tommy too. Here is the video: https://twitter.com/i/status/1629291192306532352But Fury didn't sign the contract. Later then someone asked him about the all or nothing contract and you can clearly see what was his response, he was always trying to get rid of it: https://www.tiktok.com/@betr/video/7204576968606485803?_r=1&_t=8aJ73JIpOsbAfter the end of fight, Fury comes and asks Jake Paul for double money because he lost the fight. Here is the video: https://twitter.com/i/status/1630943761739010048
What do you think about this? Isn't this a shame from Fury to ask Paul money after wining the match without signing a contract? If they lose, they would then say that they haven't signed a contract and Jake Deserves no money. It's not a surprise really, as these type of fighters thrive off publicity and notoriously like to chat rubbish about each other to stay in the news headlines. They had the opportunity to sign the contract but clearly didn't have enough confidence to do it before the fight and judging by the final points score they were very lucky to walk away with a win anyway. The whole Fury clan might be able to fight, but they are pretty rubbish at PR and have very little decency among them, as has been witnessed by numerous events over the years. Some top fighters, even after all the crap they have to put up with between media stories and fans, still manage to present a good appearance - but not these clowns. |
|
|
|
Bulk Buying: There are so many middlemen in the agricultural sector of my country which leads to the high cost of food items like cereals and tuber crops. We learned how to locally preserve our food and we buy in bulk or from wholesalers. This helps us to avoid the profit of middlemen making the prices cheap. A basket of tomatoes of 40kg fresh tomatoes might be less than the $5 bulk price but could rise to $25 if it goes through the channels of distribution.
Seasonal Food: Most food we consume in my country is produced locally. The country lacks proper storage facilities or policies which leads to agricultural waste. Therefore, consuming food in its season is cheaper than when it is not available. An example is that now is the season of yam production and the price is cheap, but potatoes are expensive because it has not matured on the farm. Immediately the potato harvesting period sets in, yam might become scarce and expensive. So as a family, we consume alternative cheap food items in its season. This helps to cut a lot of costs.
Low-key celebration: It is normal to spend during Christmas, birthdays, Easter, and other holidays but overspending might affect us negatively. Hence, all our celebrations are low-cost. The children understand because they know that buying new clothing or organizing big parties might not be financially friendly to the family.
Growing some crops: We have little space in our compound and we have started a vegetable garden which has cut the cost we spend on vegetables. We have also started plans to develop eight plots of land Cassava farm that can provide a year-long supply of our main staple food called the "garri".
Cheap but quality products: I am not too concerned about flashy or current products. The family dresses modestly and not necessarily wearing clothes in vogue. Fairly used items a cheaper in my country. Buying new items like cars might be very expensive but going for a fairly used but durable product is cheaper and better. Toyota cars are cheaper and easy to maintain in my country. The parts are readily available and they fit the Nigerian road.
Investment: I know that the time will come when my wife and I might not continue able continue homeschooling. My first child will be moving to a conventional secondary school by September. The savings I get from cutting cost is invested in real estate and bitcoin. If I can own my home, the children will be able to attend quality schools because rent also consumes a large chunk of my income. I am not planning to buy or build a house if I can raise enough money. I also believe in bitcoin that's why I have plans to hodl for a long time.
Relocation: When we started our homeschooling it was clear we needed a bigger house at cheap rent. We had to move out of our environment because a bigger house will be more expensive. We had to move to a new bigger house in another cheaper environment that still has functionality and basic amenities.
These survival strategies might not be the best but it has helped me to live a debt-free life. Unlike most of my colleagues I have not collected any loan neither am I under any easy-buy payment obligation and my family is doing well.
These are some good strategies for saving money, especially about buying quality products. There's a bit of a tax on being poor, in the sense that you might find one pair of boots that will last you 5-10 years due to quality, which cost $250, but someone who cannot pay that cost upfront may end up buying a $100 pair new each year so pays up to 4x more over the same time period. Investing is another key point, but you should do it sensibly, I'd much rather receive steady returns of say 7% per year than trying to gamble and double my money (or go bust) in the space of a single year. The compounding effect has been called the eighth wonder of the world for good reason. |
|
|
|
Why do people go into gambling?
I asked this question here because I can't get the answer.
However, in my observation, I found out that most people go into gambling because they think that's the easiest way to make big money.
Please is it true?
There's no single answer to this that anyone can give you. Some people might get introduced to a casino when they are having fun on a night out with a group of friends. Others might see a poker room advert on a random website and decide to try it out because they are "bored". Another might have a lottery ticket gift bought for them when they are young. Yet others might get introduced to one of the betting terminals while doing a transfer between flights at an airport. Gambling is almost ubiquitous in society these days, even the biggest football clubs in the world have many gambling companies advertising around the pitches and seen by millions every day. |
|
|
|
In my country presently, we know how important cash has become, the government decide to renew our Fiat currency and it's not in circulation yet, for some reasons, some people believe that it was intentional because they don't want some bad actors to use Fiat to rig the ongoing election in the country.
But since all this mess have started, many people are suffering, and I as a person have no hold the new fiat Note because I can't get a hold of one yet, and just because many stores prefer Cash than digital transfer, this have make me see how important Fiat currency can be.
Some people will say that Fiat is trash and they keep all their money in stable coins, the truth of this is you are doing things wrong, the stable coins in crypto space are backed by nothing, they can vanish into thin air if the government doesn't want stable coins to exists.
I believe that all stable coins are easier to trample on by the government, more than other crypto projects in this space, Fiat has it's usefulness, let's stop deceiving ourselves, the first time I ever purchased Bitcoin I use Fiat and I believe this is the same as everybody on here, unless you mine your own Bitcoin or get paid in Bitcoin working online.
Do not trash Fiat yourself when it's actually needy, crypto and Fiat must co-exists until the government decide to go digital with Fiat themselves, and Fiat is not trash.
The phrase "cash is trash" is not traditionally associated with the scenarios you are discussing here and you're applying them in a different context to the original intention. You're right, these cryptocurrencies are not backed by anything, but in reality that is somewhat similar to fiat currency - it's only the trust you have in the system, in this case directed by the government, that gives people faith. Fiat currency is not backed by a gold standard and hasn't been for a long time, but that is way too impractical anyway. Cash is trash is usually compared against ownership of stocks, where you can buy ownership of little slices of a company and share the profits, in comparison to holding money in much lower interest rate bank accounts. |
|
|
|
I've noticed the loyalty programs of online casinos ranging from withdrawal limits to bonuses, but they're not as enticing as the local casino's slot clubs in places like Las Vegas Casino and Caesar's casino in Atlantic city for instance, that offer comps to active players; free hotel rooms, food, shows and events etc. We play online and how can such a club be useful or achievable? shipping comps to players for time spent and money lost playing online isn't it a strong marketing technique for an online casino that wish to boost its customer base and attract more players? Was wondering and even researched to see online casino slot clubs, but didn't find any. Do you belong to a slot club offline or online? Maybe the free playing bonus represents that for online casino, yet players complain how difficult it is to win playing with bonus. Do you think online casinos should step up and offer items to consistent low rollers in their platform? How are online casinos meant to offer comps, like free hotel rooms or food? They could be run from a single small office on the opposite side of the world. Somebody is paying for all those freebies and it's almost always the player that has lost a substantial amount of money, enough to cover all these supposedly complimentary things. If you lose $200 and they can throw a $100 hotel room your way to let you lose another $500, that makes good business sense. Online casinos and sportbooks offer all sorts of better value promotions, plus you are more in control of your spending, if you choose to be. You have the odds presented to you in a much clearer way as well, allowing you to gauge how badly you're being screwed on certain games. |
|
|
|
After partnership with Bitt Inc to launch it's new CBDC, the E-naira a year ago seemed not to be getting the traction it envisaged, the Central Bank of Nigeria is seeking the services of a new tech partner. The aim is to plan a more effective method in which they have more control over the digital currency. Experts have suggested that user experience be improved as this may help for a faster adoption. Meanwhile, Nigerian banks seem not to have contributed much to this exercise due to alleged hitches that marred the usability of the digital currency. Surprisingly, even with the cash crunch that seem to be holding Nigerians ransom, they still prefer to use BTC for transactions more than the E-naira even after it promised to improve retail payment. Sadly, even though Nigerians chose to turn to the E-naira, transactions with the CBDC will be limited. Now where I need opinions on is; should Nigeria dump this project and focus on other important things like possibly expanding Bitcoin hubs in more places other than the two locations it is in now (Lagos, Ibadan) or is there something a new tech partner can do to revive the E-naira?? link1 link 2 Really, with a country the size of Nigeria, you might think there would be some home grown skills and talent, even a department of the government that could be created for this purpose - without needing to seek a partner who will essentially just be a fall guy if something goes wrong and probably cut out acrimoniously if things go right. If they truly are committed to launching this type of virtual currency, then the central bank should take complete responsibility for it, at least at the setup stage, just as they dictate fiat currency policy. It's another gimmick and a bit of a cop out that they announced it such a long time ago but have made zero progress on it so far. |
|
|
|
William Shakespear said, 'there is nothing either good or bad, but thinking makes it so. The nature of things is neutral and it is our perception and thinking that gives them a positive or negative meaning. In the same vein I say, there is nothing either good or bad with gambling, but our actions and inactions make it so. People who gamble their entire savings and have the guts and shamelessness to come online and say "Gambling is Bad. Stay away from it" must understand that gambling itself is neither good nor bad, but our actions and behaviors surrounding it determine whether it is beneficial or detrimental. This is why I cringe whenever I hear or read stories of people who blame gambling for the loss of their entire life's saving or some negative consequence. The act of Gambling in itself is neutral. It is not to be blame for the harm that has befallen the individual but rather the individual's inability to control their emotions, finances, and time. I strongly encourage every newbie gambler as well as experienced gamblers to take responsibility for their actions and not using gambling as a scapegoat for their lack of discipline. If you approach gambling with discipline and self-control you will find that that it can be a fun and relaxing activity. Who else thinks so too? As long as you are working within the confines of the law, then everything is reasonable in moderation. Whether that is drinking, gambling or any other things that people might call a vice. Even drinking too many fizzy drinks or eating fast food too often will have negative consequences, it's all about proportion. So you're right, there are plenty of people out there who can gamble a little bit on occasion and walk away from it, never to give it a second thought on the next day. It's people who do it repeatedly, to the point where they form an addictive habit, who are the ones at risk of turning a piece of fun into a debilitating activity that can drain your energy along with your bank balance. |
|
|
|
Money and education which one of these is advisable to achieve?
They constantly say education is the key to success but in my country today many graduates don't have a job, and most of them are still fed by their parents, and that's not the way it's supposed to be.
And again they also said money is potency and fondness. Yes, money is power even if you are not a graduate or you haven't been to college before and you have the money you can even employ a graduate to work for you.
Presently now in my wonderful fatherland NIGERIA 🇳🇬 I can see the power of money.
Please any advice?
Unfortunately education is only useful when it can be applied, as you seem well aware. It takes a lot of money to achieve actual distinguished skills like becoming a doctor or a highly paid solicitor, often it's more about the connections you make in certain places or that your family know already, than is it about the education itself. The one thing that many younger people have today that previous generations did not have as much, is the internet - it is a great leveling tool that can give you access to huge swaths of information at your fingertips, you can teach yourself topics that would have required extremely specialist schools to learn 30 years ago and access all sorts of business / trade tools. Leverage that to your advantage and you can have a very cheap education. |
|
|
|
Based on the judges scoring, the fight was a pretty close one and could easily have gone the opposite direction. I don't know why anyone would feel sorry for Drake though because he wins either way, he's already getting sponsorship money from sportbooks just to associate his name with gambling and he has such a huge income it makes barely a dent on his overall wealth. There is not much to learn, some super rich celebrity wants a bit more attention and to get his name in the media, he announces these type of things and the press does all the rest. If he had won it's likely he would have kept quiet and made at least double his money back. He's been a bit shady in the past when it came to disclosing sportbook sponsorship. |
|
|
|
Have you checked your attitude towards money lately? What is "your dream"? bigger home, a bigger car, private schools, branded drink, gold?...
Money for for things that are important in life: you family, your people, health, well being, ... Do not be afraid to spend the money on your people when they really need it, but be wary of spending it on stupid things and if you think your car and your clothes are important, you may want to start thinking if you have any significant goal in life and where does it get you in the next 10 years.
The best advice for people is to self educate on as many financial topics as possible, keep reading lots of books and content. Even experiment just a little bit with smaller amounts to get a feel for how things like the stock market works. Learn about what is good and bad debt, mortgages and credit cards, how to use these things responsibly. That way you will get a greater understanding of where to focus your money, rather than buying the latest fad or following trends blindly. Trying to emulate what "celebrities" are doing can be the greatest downfall when you're younger, as they can build illusions and might even be irresponsible themselves, plus they can often be shilling for free junk. |
|
|
|
https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell. It seems that a gambler has loss this massive amount (1.4 million USD) playing a bet with an odds lower than 1.01! (exactly 1.008) I think there are several lessons here: - there is not easy bet! even lower odds there is always a risk. - it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards! - gambling is not easy at all! it's really hard achieve a profit even for easy games! what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes? There is a certain group of people out there, an absolutely tiny group, that would consider this to be "fun money" and not think twice about losing it - even if they were only going to gain a little return. If this gambler was part of that group then you don't need to feel bad that they lost, they were trying to play with the casino and probably would have earned more from certain VIP rewards programs than the potential outcome of the bet. Then there are people who have more money than sense, but not enough of it to sustain them in the long run - maybe they inherited it or didn't have to put the work in before spending it, that's a more likely crowd who probably felt great regret after losing this life changing sum. |
|
|
|
I read this article last year and stumbled upon it again today. I find the article quite relevant in 2023, as bitcoin awareness spreads across the world. I feel there will be a positive correlation between its awareness and adoption. Supporters and believers in bitcoin would want to go the extra mile to show their belief in Satoshi's project. Let's talk about retirement. I have provided a snippet of the article below, along with some questions for discussion. I hope we can engage with it. Some investors may soon be able to add cryptocurrencies to their 401(k) accounts. Fidelity Investments announced Tuesday it will begin allowing investors to put cryptocurrencies such as bitcoin in 401(k) retirement accounts, making it the first provider to do so. The offering will be available midyear for the 23,000 companies that use Fidelity for their retirement accounts. (Of course, your employer, as the plan sponsor, has to agree to it.) Some investors may be wondering if cryptocurrencies have a place in their retirement savings. Many financial advisors say it can be part of a well-balanced investment portfolio, and have noted that clients have already been adding it to their investments outside of employer-sponsored retirement savings.
As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method? It depends what you define as adding it to your retirement savings. If you've been successful throughout your life, or even just invested wisely every month for a long period of time, then it is wise to have a small chunk - more like 5% and below - diversified in these "fun" side holdings. Crypto simply doesn't compare to where people usually keep their retirement savings and has not grown a long enough record to be considered a safe asset like the companies that most people own in the pension schemes. Companies make products or sell services, if you own a share of them and they generate profit, that's how you get an income in retirement but crypto doesn't offer the same predictability. It is simply a gamble that you'll be able to sell it for higher without it producing anything of tangible value. |
|
|
|
It is estimated that the bettors would have profited approximately R$ 2 million (~US$ 383,130.00).  The fraud involved bribes for players, and among the main actions, it was necessary for the player to commit penalties in the first half of the games that were played. Each player received R$ 150,000 per bet for this act (~U$ 28,734.00). In fact, this makes it much easier to earn money from sports betting. Unfortunately these are situations that occur in several countries, but the amount of money involved always calls our attention. In these cases, bets were placed on the competitions that we call "Series B", which is the second largest football championship in Brazil, in which the best classifieds guarantee a place for the main championship in the following year. I get the feeling that the players were simply the fall guys in this operation, even though they were the ones most at fault, it's unlikely that they made the most profit from it all. There were probably bigger people in the fraud who managed to get away with a lot higher amounts, I just wonder how big the betting pool is for this sort of second league betting. Can you place bets on these teams at most major book makers, or because it is prone to abuse is it only offered at a few select bookmakers? Whenever people are caught in these situations it might be best if they are put in jail for a fair chunk of time or at least fined way more than they could possibly have gained as a lot of people probably lost money because of them. |
|
|
|
Food shortages have being a big problems in the global world today where tremedious things are happening people finds it difficult to buy food especially,rice products,climate change has devastated the whole global world where crops can no longer do well in the farming system,believe with this new information about the crypto space can our climate change system be put together where there will be high rate of food shortages in the global world as a new beginner I want to know we can fix this things I mentioned.
The way you look at food can vary greatly depending on where you live in the world. The poorest in the world can often have a battle every day just to find food, even if they are lucky to have small amounts of money the supply can be unreliable and unpredictable. Unfortunately people who are fighting just to survive will often stay at subsistence level because they simply don't have the resources to save or invest in a better future. It's easy to forget when you live in more developed countries how amazing the logistical supply chain is to supply so much, to so many, at usually decent quality and at a consistent price point. We should be more grateful for this amazing society that works relatively smoothly. |
|
|
|
If you were told the outcome of a soccer match, hours before the match was scheduled, and you were assured that it would 100% win, how much would you be willing to bet on it? Assuming it was a 100% can’t lose situation.
Assuming you had millions of dollars that you could put on the match, where would you place the bets? Bookies often limit players. How could one successfully place millions of dollars in bets without drawing up suspicions or having their money frozen? Just curious.
Assuming it was 100% guaranteed, you'd essentially be participating in match fixing which is a form of fraud. Placing it at one venue would like arouse a lot of suspicion if it was not in line with your normal betting amounts, so the only way to avoid a criminal or civil case would be to spread your bets across at least 20 book makers, if you're placing $50k at each. Alternatively you might only want to put half of your million down because freak events could hit that are beyond the scope of what you can control, but you might still be liable for the bet. It also greatly depends on the amount you might win back, is it double your money or is it 10% up? It might not be worth the risk for the latter. That is, if you think it's ethical to basically cheat at a game. |
|
|
|
As we all know that Bitcoin is firstly introduced to us for it's convenience and numerous benefits. Being banked or underbanked, we can still enjoy the benefits and the accessibility of transactions as long as we have access to internet. Another benefit also is the anonimity it gives to people(although some would probably say not totally). By this, it is only right to say that Bitcoin has the potential to completely transform the way we think about money and finance. Compared to what we traditionally knew about finance, cryptocurrencies and bitcoin allows an individual to participate on the global economy without much requirement that otherwise it would be impossible. Although this is beneficial for developing countries, where traditional banking services may not be available or accessible, we couldn't deny the fact that it is slowly changing or disrupting the financial structure that we knew.
what do you guys think?
I think Bitcoin has definitely had a few kinds of disruptive effects, but maybe not as many as some people here would like to think. The best one is potentially the ability for people who cannot get a bank account to store or receive funds. There are some countries where the cost to use banking facilities is extortionate and others where it can be physically difficult to be in range of a bank. For others it allows money to be repatriated from overseas while again avoiding very high fees that are not warranted but are milked by the banking institutions or currency exchangers. If anything, hopefully it has nudged some banks to reduce their unnecessary fees. |
|
|
|
So i wanted to share the things i have noticed before when i was regularly visiting a land base casino during weekend and sometimes after work. I have noticed several times when a person was winning more than the usual in poker, i usually approach that person after he left the table what was his secret for those wins, i was literally surprised because 7 of 10 people whom i have asked answered they play gambling trying not to win but to have fun after a long tiring week of work or business.
Does anyone of you thought that playing for fun helps you think better and win with less effort especially in poker than having the mindset of trying to win? Because when you are trying your hard to win, it will make you overthink and that your mental state will get stressed out.
I think this will work for both land base and online casinos.
While it's always a good idea to get tips from people who are successful at a certain activity and you might pick up an original angle, poker is a skill based game at the end of the day. You can get an edge over your opponent by knowing some basics like hand odds, expected value, positioning, how to read your opponent and much more. It's not some random magic and there is plenty of sources for education on this game, without asking random gamblers who might not have much time for you. It's nothing about "trying hard" to win, a solid poker player will know that streaks of bad luck and variance will effect them, but they stay consistent to win in the longer term. |
|
|
|
The hardship in Nigeria increase day by day the massive are suffering. The poor old men and women. That doesn't have access to bank are suffering. Just imagine a pregnant woman died in a hospital just because there was no cash the network was bad for transfer. Where are we going to. Our people are suffering they are dying our leaders should do something about it to me I don't think we have leaders anymore. The people we call our leaders have already failed us. Now it's time for election let's vote wisely let not suffer for 8 years again
You can rest assured, whatever leaders you have will simply screw you over in similar ways, I doubt the opposition parties have much to offer that could get Nigeria out of this predicament. Unfortunately this is often what happens when your country just keeps on growing beyond the resources it needs to sustain itself and all the people of Nigeria actually hold some blame in this matter. This is not a problem solely in Nigeria, but lack of contraception usage and having far more kids than you can look after is somewhat irresponsible too. Using them as your retirement plan is often the case in developing countries but it can make economic problems much worse if many people will not have decent jobs when grown up. |
|
|
|
Just look at this screenshot and you know what I mean.  It's a meaningless screenshot of a simulator which itself is probably not properly randomized (because it is near impossible to do it efficiently on a computer). If the random number generator has any flaws, they will be amplified over so many iterations, but you can bet that the casinos put a lot more money into their random number generators to maintain accuracy, rather than your most likely free, piece of software. The underlying math is rather simple and doesn't need a simulator to tell you the long term outcome. If you re-ran this simulator another 10,000 and were sure it was re-computing the odds each time, then that would be more interesting to see, but again it is likely to only highlight the flaws in this program's computations and nothing else. |
|
|
|
What are other good methods of cutting costs on food items?
Maybe it's too obvious, but learning how to cook from basic ingredients and herbs/spices will save you a heck of a lot of money over buying prepared meals. Not to mention it is better for the environment (less plastic packaging) and can be done in bulk to get several meals for the future. It's a very useful skill to have and might even get you a job as a cook if you found it more interesting. Most people go for the ready meal type food, which can be packed with a lot of preservatives and unnecessary chemicals to extend the life of the food, which might not be so good for your health. The only slight downside is it takes a little longer to prepare, but like anything you practice, it gets faster and faster - plus the food can often come out much tastier. |
|
|
|
|
Show Posts
