ChatGPT is all the rage at the moment. I’ve seen that people are asking it to predict sporting events. Would you leave gambling decisions up to artificial intelligence? Do you see any potential drawbacks for outsourcing your bets to a software program? Has anyone here tried this yet? Do we need someone to put together a thread of ChatGPT predictions to see how accurate they are? Any other thoughts?
It's hard to think that an AI, based on old historical data, would be able to predict the outcomes of current matches. I would imagine player quality could increase and decrease by quite a large margin in a two year span. It does feel like there is some sort of algorithm that you might be able to suggest to it, or see what what suggestions it would churn out but you might have to spoon feed it data like current player lists or team configurations. You can bet that gambling companies are also seeking to use these AI programs to improve their offerings as well and they have a lot more resources to fund such research. I don't think anyone can profit on it, but maybe if it was using more up to date info it's possible. |
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Life is about choices and we all are on the path led by our choices. It's not easy to talk about life regrets in general because we are/were in quite different situations. To make this thread easier, we just focus on the regrets in finances. I believe many of them can be lessons to learn from. I'll start first. Over a decade ago, I was living in a mega city of my country. At the time, the city was already a metropolitan place where you can meet all people over the world. Of course, the land was scarce and the price of housing was pretty high, nomal people could not afford to buy an apartment, let alone a house. However, one friend of mine was taking to a suburban area for an apartment, super nice but the neighborhood was not fully developed yet. The total cost of that departemtn was about $100,000. Well, I did not have that much money at that time but if I borrowed some from my parents and it was not a problem. Maybe because I was too young and did not get along with my parents at the time, I did not ask for that so I refused the offer and let go of that apartment. A few years later, the suburban area became part of the CBD and the housing price was going up insanely. Today, that apartment I missed is worth at least $1.2 million. Oh my... I hate myself for not buying that apartment every time I think about it.
It's less of a single moment or event and more of a - if I knew more about financial topics like stocks and credit cards earlier on there would have been potential to make so much more. One of the biggest things to avoid when you're younger is debt, as it has both a psychological impact but also prevents you making money, the only valid debt is a low rate mortgage. As for stocks, it sounds like a money making dream, you just buy these little chunks of a company and over time they either grow in value or pay you part of their profits every year, the hardest part is picking the right ones. But even index funds do the job and diversify your risk so much, just plow what you can into them. |
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Seeing how many people who are problem gamblers today did not have the intention of becoming gamblers who lack self control but somehow they are now gamblers who cannot control themselves, It means that everyone is at the danger of become such if it is not put in check.
How do you keep your gambling habit in check such that becoming addicted and out of control is something that never happens?
(share your strategy for others to benefit from)
In reality, education and financial stability should be enough to keep people away from gambling, because it will lose you money over the long term - there's simply no way around it. While many people get sucked in by the odd hundred dollar wins that a casino gives you near the start, they then forget after many thousands of goes, all the times they lost. It gets to a point where they are simply a monkey pressing a type writer and not comprehending or reacting to the outcome, once you reach that point the addiction becomes much harder to pull away from. You need to be aware of your actions, but these places often end up targeting the least educated, poorest and most vulnerable because they simply have not been taught to gauge the odds. |
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Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money. This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out. I hope you are not one of them.
I think age is a very important factor in this discussion for two reasons, the first one is they are often on lower wages at the youngest end as many countries stagger the minimum wage to a point. This means if you're only earning $5 an hour under 21, versus $10 an hour minimum over 25, there are vast differences in your ability or inclination to save money at that point. Second is that many younger people should be spending their money on life experiences to be honest, there is no point saving all your money up like a troll until you are two wrinkly and frail to have fun with it. People should definitely enjoy their younger years to the max even if that means spending every penny they earn in a monthly wage. |
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Hi there, I'm part of a team developing a crypto/blockchain game that has big $$ prize potential. I'm doing some research and hoping this community can help. If you guys have any insight/thoughts on the following questions please share them. We are really trying to build something that is enjoyable for the crypto gaming/gambling community. - What are some current pain points in the crypto gaming/gambling space for players? - What would you like to see? - What makes one game fun to play -- more so than other competitors that have similar games (ex: why you enjoy playing crypto poker on X site rather than site A)? - Who are some absolute Degens in the space? - Aside from BitcoinTalk (this forum) where else do you get your news that you trust (which newsletters, sites, which Youtubers, any twitter accounts)? We just want to build this game the right way that players actually enjoy playing in addition to potential of winning big....  Thanks all. It would definitely be good to see a crypto poker site back in business but major thought would have to be put into how you could prevent collusion between players which can seriously harm the fairness of the game. If you can figure out how to do that transparently, it might be possible for you to have a major selling point over fiat casinos, but it's an extremely hard thing to defend against cheaters who have great financial incentive to try to defeat whatever blocks you put in place. Maybe randomly switching players between hands, but this might break the flow too much as learning to read opponent behavior is an important and fun factor of the game. |
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For those of us who have been exposed to cryptocurrency and have had to believe in its continued existence by delving into its use;
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?
You seem very confused by the mathematics and concept of dollar cost averaging entirely, it doesn't make any sense in this context. Bitcoin does not have a predefined trajectory, it's value has moved up and down over time. If you started buying at $30,000 up to $60,000, you would currently be sitting on a loss in your "invested" money. If you're buying now and it does creep up over time, your invested amount could be worth more when you decide to sell out. Judging by the fact that only roughly 5% are left to enter circulation, it almost has no relevance and you could say the existing circulation amount is the expected long term value (which may change in future). |
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Hello Bitcointalk community, TrustDice team here. As we continually improve our platform, we think it is crucial that we also seek some genuine inputs from Bitcointalk community, so we can better involve you all in this creation process and better cater to your needs. This fits what Blockchain truly stands for! What extra do you expect from a (somewhat established) crypto casino? A few aspects we can think of include: - More crypto original games. Minesweeper and plinko, so we've heard, are getting trendy. Any more thoughts and would these interest you? - More cryptos accepted as payment options. We currently support BTC, ETH, EOS, USDT and USDC. More has been requested - but will it make depositing easier for you? And which cryptos should we add, in your opinion? - Additional features for our chat room? And feel free to tell us anything else you really want! Just in case anyone isn't familiar, we launched in 2018 and have since become one of the longest standing names in this fiercely competitive industry. All of the games we offer—Crash, Dice, 6000+ casino and live casino games, sports betting, and esports betting—are powered by cryptos. Thank you for reading this post, and thank you all for being part of our journey! TrustDice Team Update: As frequently asked by many on this thread, we do have a bonus exclusively for Bitcointalk forum members. Click here to find out! It might sound counter intuitive but it will always be nice to see a comprehensive self exclude ability added on to big and established sites. Often it is done in quite a devious or half-hearted sort of manner, like allowing yourself to block any access for only a month, but you can really tell a site has credibility when they allow you to block yourself (with no opportunity for reversal) for a year or even 5. Such settings do exist out there and I've used them on occasion, it actually gives me much more faith in such sites and even many years later I might gravitate back towards those with this long term thinking. Besides that, it'd be really nice to see a solid crypto poker room again but I think they are often too abused to be viable. |
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In the country I spend most of my time (country A), you can access interest-only credits. You only pay the interest during the mortgage and then the loan value at the end. Also, in general, fixed rates are rarely available for more than 5 yr. so people re-mortgage many times along the life of the loan.
In countries (B) and (C) this is very rare. Mortgages tend to be for at least 20 years and some are to even 40 years. Fixed rates are available for long periods and people rarely would change bank and mortgage.
In country (A) investors use interest only mortgages to buy a place an put it to rent. They can profitably pay more money than someone who would buy to live in, making the market quite "hot". In countries (B) and (C) the markets require investors to re-pay including interest, which makes getting a loan to rent less profitable and thus the market is less "hot".
How does it work in your region? Do you think there should be a ban on "interest only" to favour live-in owners?
I think this type of finance does create very hot markets and can eventually be abused to the extreme by landlords who seek to control hundreds, if not thousands of properties through this sort of setup - ultimately getting renters to pay while trying to scrape a profit from the underlying capital value of the property going up. There is too much variety around the world when it comes to property related taxes to say any method is wrong, but some might be a bit more prone to bubbles than others if the financial sector is allowed to get out of control (like we saw with the subprime mortgage crisis in 2008). However some people are also tricked into this type of setup without realizing that they have to pay a massive lump sum at the end which they'll never be able to afford - the idea of interest only is you could potentially put your money to use elsewhere in savings/investments but few people do. |
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Personal Note: I found this article and after reading, i found it very interesting so i decided to share it with the gambling community here. Before we dive into the main business of this thread, Please Take Note of the following:
1. The Subject of this topic [5 Ways to Make Big Money at the Casino — Without Gambling] is just for fun, Don't try any of the acts on the list below, on any casino, as if you do and you are caught , it is a serious crime that could land you in serious trouble.
2. This thread was copied word for word from the source, if you wish to see the original source of this thread, do so by clicking HERE.
3. Now, Relax, Read and Enjoy 
Now, in all of the Five, which of this do you think is the funniest and most interesting? For me, I think Number 1 is that Carleo guy is such a clown  lets dicuss guys .. Some rather interesting insights there and good job for putting together an interesting article, although these days I wonder if it was written by an AI bot What's most apparent to me and telling by the old photos in use, is that most of these were done back in the 80's and 90's when casino security was still blind in many ways compared to today. You're probably profiled and captured on at least a dozen different cameras before you even step foot in a casino car park these days and they will have all sorts of motion tracking to analyze your movements. Not to mention smart or serialized playing chips which would quickly shut down the situation in example number one. Definitely cool to see what people used to be able to do |
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We know Inflation has become a frightening specter in 2023 because of covid and Ukraine and Rusia war. This is related to crypto, I am not sure if crypto price today has grown up in the line without following the fiat. Yes, fiat aka conventional money is the factor we pursue to bitcoin.
Many countries have thought to change currency into bitcoin because the government thinks bitcoin is more related stable than USD. because the reality, USD is not have something great if their foreign policy isn't great in the past. The powerful country is just running their greedy for self-benefit. Now, they begin to turn to bitcoin and look like started to control the bitcoin inflation, so what you think if bitcoin inflation is wilder than fiat?
When most people talk about inflation and Bitcoin, they are focused on the fixed amount that will ever be released - 21 million. In that sense, the currency will not be inflated like a traditional currency, but in reality it can be inflated infinitely the other way with as many decimal points as possible, but this is based on end user demand and where they are willing to settle with trading in smaller and smaller millibits. The volatility of the value of bitcoin is a bit difference in that sense, if one day many people think it is worth $50 and the next they think it is worth $100 it is subject to wild swings in price, however when the price jumps up there is not some other entity dropping many more into the market at opportune times to benefit. |
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In this forum and other forums where gambling is one of the topics of discussion, one of the recurrent topics is people who write about how their gambling addiction has ruined their lives. We usually encounter topics like "Gambling ruined my life," "I lost all my life savings to gambling," "I gambled away my entire salary," etc. Then they go on to tell a sad tale. It makes me wonder: why do gamblers tend to wait until they have suffered a catastrophic loss or a string of losses before quitting or seeking help?
There is a fair amount of self pity going on with these kind of posts and while sometimes you can feel sympathy, often it is a story repeated many times before and ultimately driven by greed. Nobody likes to feel foolish and most people who have lost money any where will come away with that feeling, so it can just be a form of venting off steam at their own stupidity. Others will just go through life performing all sorts of attention seeking behavior including this sort of posting. In times of despair, like the most extreme examples you gave, it can often be a cry for help and people in need of more voices - but sadly it will not change the underlying fact that they thought they were special enough to beat the system, but the system beat them. |
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The following could explain how many americans are supporting themselves despite not being officially employed. This past year, 39% of American professionals participated in freelance work, either part-time or full-time, according to Upworks new survey of 3,000 adults. Thats equivalent to 60 million Americans, up 3 percentage points since 2021 and a record high since Upwork has performed said survey starting in 2014. While it is not mentioned, I am wondering how many "freelancers" earn income in crypto related ventures? Crypto being one of the bigger employment and revenue creating opportunities of recent times, is it possible that a significant segment of side hustles are crypto based ventures? Or is the trend more evenly distributed throughout ride sharing apps, amazon delivery freelancing and purely internet based activities? Generation Z appears to be the largest freelancing demographic. Which makes sense given they're probably the most internet and technology literate. I think generation Z is also the largest crypto using and supporting demographic. With concerns lingering over future job automation and lack of wage growth. Could side hustles and freelancing work represent the natural progression for the future of job markets? If this is true, then could crypto also be prominently positioned to best leverage and fulfill needed areas of freelance finance, given its flexibility, adaptability and rapid deployment capabilities. Side hustles can often be glamorized in the media and can come in many different forms, however the title of the thread completely overlooks a key element. These are "side" hustles because they can often provide only a supplementary income to a main job and assist people with being able to increase their income in that way. Sometimes it is possible to convert them into a main job with enough time and perseverance, but many also fail along the way or take far more energy than they are worth. Any extra cash can certainly boost the standard of living, but it should also be balanced with any extra stress or lost free time that comes with it - which can turn a 40 hour working week into a 60 or 80 hour week for little gain. |
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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? It's definitely a good lesson and should be a constant reminder that even "safe" bets can fail. I'm guessing that someone who can place down such a huge bet so flippantly is not necessarily bothered by losing and probably don't care for any sympathy around here. To me it symbolizes I'd much rather win many small bets with some slightly higher odds and accumulate money over time that way, than try to take a small profit but risk a lot of money. I bet the casino have showered this player with gifts before and after this, but never will it make up for the huge sum that they lost. These kind of high roller prolific gamblers can often get more favorable odds than most of us, another advantage they get over the low rollers. |
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there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?
I think a country allowing bitcoin is rather symbolic that they are dynamic, open and flexible to new concepts where you may not fully understand the end results. The blockchain idea itself is a master piece and has many practical uses in keeping transactions in a ledger, however it is not perfect (nor is much in life). Bitcoin itself won't help a country necessarily unless it has a wide pool of users, people that want to buy, sell or trade in a different form of currency. There could be lots of different reasons people want to do that, they may not trust the government or other authorities, they find it more convenient than paying fees to banks or numerous other reasons. |
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I am strongly in favour of desktop applications or even web based, as I think that phones are usually to small and I do not really trust much the apps, but there seems to be many people who would rather use their phone. Is that because they do not have access to a desktop computer? It may also be a regional issue, the same as people that do not use a browser?
A desktop gives you access to so much more screen space and is often the same size as a tablet too, so it's fairly multi purpose in that respect. Using a mouse gives a lot more accurate positioning of the cursor, which can make a big difference when it comes to certain games. Having more screen space also allows for more functionality, like in poker you might only have call / raise / fold on a smaller phone screen but a desktop screen can have pre-defined amounts like 2x or 10x in the additional screen space. All round I've always preferred desktops - one other big reason is that the internet is more prone to dropping on a phone, compared to wired or even a wifi connection to a PC. |
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"Are people really having the wrong concept of savings?" This topic and question was triggered earlier this morning after writing on two separate threads where it seems people are already misunderstanding the concept of saving
saving according to Google search from Banco Central de la República Argentina |
"Saving is the portion of income not spent on current expenditures. In other words, it is the money set aside for future use and not spent immediately."
The word "use"(spend) is the key word of concentration because it seems people talk so much of savings as if one isn't supposed to use their saving even until death and I began to wonder what the purpose of saving really is.
We ought save money so money will save us and some also say that we out to save for raining days and we should know that out raining days might differ and one should be free to use their savings and not feel they're doing something wrong when using their hard earned savings.
What's your concept of savings?
For some people, saving is a luxury and a dream. If you are earning $100 a week in a cheaper country, but rent and food is costing you $95 a week - then the reality is that you have such a little amount of spare funds that you simply want to use that spare $5 for entertaining or treating yourself. You can end up with a pretty miserable lifestyle if you work hard all the time and do not reward yourself for doing so. In that situation, you'd probably look for a way to boost your income or cut your expenditures before you'd feel comfortable enough to start saving. It's definitely about finding a financial balance but also making sure that the funds you've saved are safe. In some countries banks are a bit unstable or the government can mismanage things so badly that your local currency implodes - wiping out lifetimes worth of savings but not the fault of individual savers. |
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