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1541  Economy / Gambling discussion / Re: If Luck Was Measured In Percentage, Rate Your Luck In 2022 From 0-100 on: January 07, 2023, 01:07:21 PM
It's a Simple question -
Let's all assume that luck could be measured in percentage, I want us all to rate our luck in gambling for the year 2022,
From 0 to 100, rate how lucky you were in gambling last year.

And if you don't mind, feel free to also discuss your plans for this year 2023, how much do you hope to make from gambling before this year runs out, and do you have plans laid down to make this possible? Please feel free to tell us, you might just be helping someone re-arrange their gambling activities/plans for the year.

For me,
I will rate my 2022 gambling luck 5% out of 100, I didn't gamble much, but for the little I gambled, I didn't win much either, Infact, I think I lost more money than I won from gambling in 2022.

My gambling plans for this year 2023...
I currently do not have any plans yet for this year as I've not really settled into the year, have a few debts from last year I am still trying to settle before I think of gambling again..

I'd tend to rate my luck in the 70% range when it comes to gambling, mostly because that's likely the percentage of bets that I put down which are fully covered. The remainder would probably involve lottery tickets which never win anything substantial and the odd little trip to the casino. Maybe you cannot call that luck however, if you're taking advantage of freebie or generous promotions that allow you to walk away with $10-20 quite easily every week. Quite a few casinos/sportbooks have removed offers from my account but there are a couple who don't seem to follow this practice. If you're running at 5% then frankly you should save your money and find better places to spend it.
1542  Economy / Economics / Re: Does Palestine have an independent economy? on: January 07, 2023, 01:03:43 PM
Many of us know that Palestine is an occupied state, while many international official bodies do not recognize it as a state in the first place. On the map, ancient Palestine has only less than 30 percent left of the original area of the land before the occupation, and it is divided into two separate spots.
The Gaza Strip enjoys a semi-autonomous economy since it enjoys self-rule led by a conservative authority. The sector depends mainly on marine fishing and some agricultural activities in its economy.
On the other hand, in the West Bank, which is governed by the Palestine Liberation Organization, there is almost no independent economy, as the residents of the West Bank produce almost nothing, and all their products are barely sufficient for local consumption. This is what made them dependent on Israel to secure its various needs. The PLO relies mainly on international aid, which represents more than 80 percent of its annual income, but even that revenue passes through Israeli banks and is disbursed in the Israeli local currency because Palestine does not have its own currency and trades in shekels, Jordanian dinars, and Egyptian pounds in addition to To the rest of the major currencies dollars and euros.

The interesting thing is that despite all the restrictions that this small economy suffers from, the average wage per capita in the West Bank can reach $2,000 on average, a percentage that far exceeds the rates in stable economies compared to occupied Palestine. Is it true that Israel is strangling that economy, or is this situation better than being left in the hands of the Palestinians in reality of occupation and internal divisions?

They have an independent economy in the sense that a store in a shopping mall can do what it likes within the terms of it's lease. If they want to make soap out of olive oil, sure, cobble together a ramshackle industry to employ a few people. If they want to make weaponry or even formulate military training facilities? Israel has a tendency to obliterate them at the first opportune moment they get. They also have no real control of the seas which might be their only means to export and import goods that they want. This means they are extremely limited in what they can do and it stifles their economy. Unfortunately they are also stifled in some ways by their own religion, so it's hard to find sympathy.
1543  Economy / Gambling discussion / Re: Using Bonus Buy or Not Using Bonus Buy? on: January 06, 2023, 08:08:14 PM
I have often played slot games at some trusted casinos these past few days. While playing, I often buy Bonus Buys and I do that in many slot games.

Which is the most profitable or generates the most profit between buying a Bonus Buy or playing normally without buying a Bonus Buy?

This made me curious because I tried it in several games such as Gate of Olympus, Mental, Fire in the Hole, Sword of Ares, Land of Zenith and others. And I see that buying Bonus Buy is more profitable. Is it really like that? What slot games often allow you to win more money by using Bonus Buy?

Note: Buying Bonus Buy allows us to win more money, while playing normally does not guarantee we can win some money.

You can almost guarantee that any "bonus buy" or promotional feature in the game is almost meaningless and only intended to get you to donate more money to the casino profits. All of the side games that they offer, all of the extra buttons, all of the free spins, are carefully calculated with the intention to get you to spend more money in the long run. The only reason they would offer these sorts of functionality is because it gives the user the illusion of control within the game when in actual fact they have none. All the odds are predefined, so while you might win a nice payout in the short term, if you were to play long enough they will ultimately wipe out your account balance.
1544  Economy / Economics / Re: "Prepare for defation in 2023" on: January 06, 2023, 07:05:17 PM
That's obviously a statement you don't hear many people say, but if we review the history of the cabal that decides if they should implement QE or QT, the cabal has the susceptibility to over-adjust in one side causing inflation, and probably deflation after over-tightening. When one act causes an outcome, they over-adjust to stop the outcome, which causes the opposite outcome.

I'm not an economist, but if deflation happens in 2023 that causes further recession, what would the Federal Reserve do? MAXIMUM ORDERS OF BRRR-MONEY PRINTING.

Prepare to experience a big surge for Bitcoin like it was 2015 - 2017 Cool

I think for most people deflation would be a very welcome and pleasant reversal of the recent inflation over the last couple years. Inflation was getting carried away so a couple years of similar deflation would actually just return some level of stability and hopefully more competition between different companies that will ultimately bring the price down for end buyers. As long as it doesn't turn into stagflation which Japan suffered from for a long time, which is probably unrealistic because they had a lot of economic factors conspiring against them to create that unique situation. In the ideal world the war in Ukraine would stop and allow food supplies to slowly improve, along with Russia being able to sell energy again to Europe and improving all sorts of logistic chain pricing.
1545  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: January 05, 2023, 08:57:04 PM
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?

Essentially this is all the big sports betting companies are doing to make their own predictions which they offer players, but I suspect they have a lot more data points and have figured out the most relevant ones for each bet. However it might be interesting to see more socially driven betting questions like who do you think will become the next President or Prime Minister, it's just I'm not sure how up to date or contextual the answers will be. You'd expect the casinos and sportbooks to already be factoring this in, they'll always have that profit buffer added in and may just expand it if they think that players are somehow getting an advantage over them. It's a very interesting idea for the future though as it strips a lot of emotion or unrelated facts from the equation that might muddle up the person placing the bet.
1546  Economy / Economics / Re: It's Simple to understood now cash is king again on: January 05, 2023, 08:50:01 PM
Cash is king again.
The purache power of cash is great again.
Many people talking about gold will go up.
How can the gold go up If markets works on supply and demand system.
What's the biggest demand now ?
cash it's cash not gold not stocks not real estate not Even btc neither Silver.
World have now demand to oil and fiat currency.


Liquidity and large amounts of credit are king really. The phrase does not have the meaning that you think it does. Only fools buy into gold alone, it is something that wealthy people have as a backup and a small portion of their portfolio along with many other collectibles/commodities like silver - the most sensible will have less than 5% invested in these things which are very distinct from the cash you're praising at the same time. Stocks are always good, as they are just slivers of ownership in different companies that actually produce things and it is where a large part of most peoples retirement pensions are invested throughout their life time. It's hard to make much sense of your ramblings though.
1547  Economy / Gambling discussion / Re: Would you bet is chess matches? on: January 05, 2023, 08:31:05 PM
Chess tournaments as well as checkers may be a good sports field for the betting industry. I know I would bet in a chess match as I already did that against a friend. We have gathered a group pf players in my neighbourhood. Thrn we started with a betting game where we could bet on the winner ot we could bet on first player going for a check. Ithe experiment worked out fine. So, if there was a site where you could bet on checkers or chess would you go for it?

As long as it's properly moderated and managed, with a decent competition build up to knock out any lower quality players, then it is as likely to be a fair sport to bet on as any other. However unless someones reputation and a long winning streak is on the line, it is possible for one of the two players to lose by choice quite easily with just one move. You also have to remember that these might be some of the most intelligent people on the planet and might be very tempted to fix a match if the right sort of money was on offer. It is not exactly a thrilling spectator sport for most people compared to other more adrenaline filled activities or even just the very visually stimulating game of football.
1548  Economy / Economics / Re: Saving one third what you earn monthly is not that hard, isn't it ? on: January 04, 2023, 09:53:25 PM
If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000 if you, let's say, spend $500 to $800 on rental, a guest bedroom in a shared house/apartment, $500 on food, $50  on utilities, $150 on phone/internet bills, $400 on commuting costs or gas/maintainance if you have a used car, $200 on occasional entertainment or others. This $1,000 savings will allow you to invest or place a house down payment when time is ripe. Is this possible based on where you live ?

Unfortunately 2022 was a year of great upheaval, just as it looked like the world was getting out from the shadow of Covid and on the path to recovery, Russia decided to create the first war in Europe since WW2. This seriously impacted on peoples ability to save, especially those on the lowest wages who were getting squeezed from all sides - fuel costs, housing costs, food costs, etc. In stable times the breakdown you gave might work, but in great inflationary times it can often be hard for salaries to keep up with all the external cost pressures. Hopefully Putin is overthrown and peace can once again be brought back, which fosters creativity instead of destruction for old men.
1549  Economy / Gambling discussion / Re: What are the motives that drive you to gamble? on: January 04, 2023, 09:46:43 PM
I do not know about you guys, but I gamble because I like it and because it is a hobby as well as an addiction. I'm good with myself, as I already admitted to having an addiction but tried to find and apply techniques to avoid getting off track and spending all of my money on gambling. It's quite easy for me to control my gambling anxiety as I already follow strict rules that help me stay on the line.


What about you guys? Do you have any addiction to gambling? What drives you to gamble? Is it the long shot of having a big profit coming in or is gambling simply a way of spending time for you?

My motivation with gambling is definitely to make money, so it just ends up with fairly small bets and taking advantage of some rather generous offers at different book makers that allow you to cover both sides of a bet and walk away with a profit. Nothing major but a guaranteed $10-20 per week that gets taken out and put into stocks instead, which you could consider equal gambling but sticking with the largest dividend paying companies at least returns a slow passive benefit over time. I could quite happily walk away at any time, but it only requires patience and not getting carried away with spending the freely accumulated money on silly side bets or taking a chance at the slots.
1550  Economy / Economics / Re: Bitcoin Banking is more reliable and faster on: January 04, 2023, 08:32:02 PM
I can boldly say that Bitcoin Banking is more reliable and fast because Bitcoin transactions is been done through wallet, the only problem that may occur is if the wallet is not correct another challenge is if the transaction is been encountered with down network but this is in rare cases.

More reliable than...? A carrier pigeon? Faster than.. A message in a bottle? Anyone who understands Bitcoin and the blockchain couldn't possibly compare them to a well functioning banking system that is able to deliver instant money between accounts. Admittedly some countries are way behind when it comes to instant transfers between people's accounts, but other places like Europe have had this functionality for over a decade already. The existing banking network is much more efficient on most counts, but Bitcoin does have it's benefits - primarily sitting outside government interference and it is reasonably good for transporting medium to large size sums across borders avoiding unnecessary fees.
1551  Economy / Gambling discussion / Re: Are you a lone Sports Bettor or a Team Sports Bettor? on: January 04, 2023, 06:48:18 PM
A lone sports bettor, in my opinion, is someone who does not rely on another person to interpret the odds and advise them which sporting event to wager on. Before placing a bet, the lone gambler conducts his own study and analysis.
 
In contrast, a team sports bettor, in my opinion, is a member of a betting community or group on Telegram, Facebook, or Twitter that is led by a self-described expert in sports betting. He or she chooses the game on which to make their wager after conducting the necessary research and analysis on their behalf.

Which of these categories do you belong to and why?

Like many things in life that revolve around finances and money, those who go with the crowd might get lucky but often times they just end up getting burned. While you should definitely take elements, copy and try to figure out the strategy in use by the most successful people - you really need to make your own path to be the most successful. It also involves long term analysis and self reflection because it is very easy to win a few times then think you have some extra special idea, but in reality you just had natural variance momentarily swing in your favor and it most often swings back. If you are always just copying people blindly and never learning your own path, then you are destined for failure. You should also remember that successful and wise people often keep their strategies well hidden because it will make them the most money in the long run.
1552  Economy / Economics / Re: Investing against 2024 on: January 03, 2023, 10:44:04 PM
I think it's wise to invest smartly against 2024, there is high tendency of hitting it big in crypto from next year to 2024. I advise you put reasonable capital on bitcoin and few funds in altcoin. Don't sleep on this one. It's a banga!! Let's make this money together.

It seems like 2024 is a long way out considering we have just now moved into 2023. Smart investors, not just random speculators seeking to make a quick buck but risky enough to lose it all, will be looking at either building a long term portfolio or trying to estimate what the market will be doing in about 3 months time. Whether that is the banks potentially making large profits from high interest rates on their mortgages which they've not earned for a long time or potentially a stronger/faster recovery in markets than expected. If the war in Ukraine were to stop, try looking for companies that could potentially make a strong bounce back like industrial suppliers or similar.
1553  Economy / Gambling discussion / Re: Factors that contribute to form addictive gambling. on: January 03, 2023, 10:36:39 PM
Free alcoholic drinks, ease of withdrawal machines and ease of which to fund betting/gambling site wallets are serious contributory factors to addictive gambling.

A man was invited to the court for failure to meet up with his bills. He complained bitterly to the judge he was standing before, on how he was given free drinks at a live casino and it made him so loose to the point that he lost and emptied his wallet to place more bet of which he lost more. He made several withdrawals from his bank account, most of which he had saved up for something as important as paying the bill for which he was summoned and more.
He attributed his huge loss to the ease of which he could easily withdraw cash because of the presence and ease of accessibility of ATM and POS machines and the free alcoholic drinks served which made him drunk and so excited to the point he emptied all his savings on gambling.
In comparison to live casinos, online casinos do not offer free drinks, but if one were to bet from the comfort of his/her zone, and had a fridge or cooler of chilled alcoholic drinks, it shouldn't be a yardstick to get drunk to the point of funding ones betting wallet all just to gamble at that instance of excitement. Also, if one can't get to control the amount of his/her alcoholic intake I don't think such a one can control the excitement that comes from gambling and shouldn't bet, make withdrawals or fund gambling wallets, while drunk.

What other factors do you know contribute to form addictive gambling?

All of those flashy lights, cutesy graphics and noises going off are intended to feed habit forming behavior. The "hidden" side games that can be unlocked by a random spin after you've dumped hundreds of dollars into a machine, to break up the monotony and give the impression that you can win big amounts back. The sheer variety of slot game configurations that very often boil down to a simple underlying format and lots of little functions that give the illusion that you have some sort of control of the game. In actual casinos themselves, often having lots of light to make you lose track of the time of day, lack of clocks around a casino and confusing layouts that often send you in circles.
1554  Economy / Gambling discussion / Re: Crypto Casino on: January 02, 2023, 05:39:41 PM
Hey Guys

did anyone here Tried Crypto Casino online ?? anyone wins ? or just scammers ?

i was playing and spend some dollar and was watching the whole month and there no one winning !!

i tried 3 websites and it all the same

any expertise here ?

Thank you

You seem to conflate you losing with them being scammers, but it's clear you just don't understand how this form of entertainment works. If you actually spent time and investigated before throwing your money away, instead of crying, then you would see that they are generally upfront about the odds. Every casino game online is designed in the long run to take your money and give it to them, they do not hide this, you just don't understand it. "Return to player" or "RTP" is a calculation that they give you to figure this out. Everyone dreams of beating the house, but it happens less frequently than a lottery win. Vegas was not built by winners as they say.
1555  Economy / Economics / Re: BIS draws up framework to allow banks to hoard crypto in 2025 on: January 02, 2023, 03:59:18 PM
the Bank of international settlement (BIS)
have a guideline policy for how central banks can hoard crypto in the future

the short version for those that dont like to read
coins like BTC and ETH are set into a 'group 2b'
where the BIS advised banks only have from 2025 a individual holding 2% of crypto assets vs all combined assets. which is about if combining all banks in BIS. about $3-4trillion in bitcoin/eth

now the lengthier explainer
BIS originally set a limit of just 1% of the banks combined value, which the banks then got the BIS to change to 2%(banks want to hold crypto and more then the BIS first proposed was allowable)

based on some sources. this means of the banks combined value of 180trillion(yep i was shocked too)
the banks can hoard upto ~$3.7trillion of crypto such as ethereum/btc

there are other groups for second layer tokens and other groups for stable coins with their own limits and descriptors

but the group 2b have descriptors where the "market cap" needs to be above 10billion. and market volume of over 50m a day. meaning that rules out alot of crap coins from being in the group 2b category (sorry doge. no go, no throw, no mo)

Banks aren't interested in buying crypto, they've already got many different assets and ways to make money. They also want to make money and look for a long history as part of their risk analysis, crypto has only been around 15 years which is barely anything and in that time it has gone sky high but then crashed back down to earth. The financial types that were interested in it have already made their money from this source and are unlikely to buy back into it - the advantages are simply not outweighed by the negatives. Traditional banking networks can already perform the transactions that crypto does much quicker and cheaper, so why bother with an inferior competitor?
1556  Economy / Gambling discussion / Re: BANKMAN-FRIED PANIC GAMBLES TO REPAY DEBT on: January 02, 2023, 09:50:26 AM
Quote
Sam Bankman-Fried is alleged to have lost $100M of FTX’s money at online casinos. It is, however, not the first time Bankman-Fried has lost funds either. The collapse of Terra/Luna in May caused massive losses for Sam’s Alameda Research Fund. In hopes of winning back some of the losses, it appears that Sam hit the blackjack floor with FTX money. Unfortunately, he dug the hole deeper. According to Nansen Research, he lost  $100 million in Ethereum and USDT playing at crypto casinos like Stake, Bitcasino, and others. The dots begin to join and Binance’s unveiling of the misappropriation of customer funds now seems to make sense.]Sam Bankman-Fried is alleged to have lost $100M of FTX’s money at online casinos. It is, however, not the first time Bankman-Fried has lost funds either. The collapse of Terra/Luna in May caused massive losses for Sam’s Alameda Research Fund. In hopes of winning back some of the losses, it appears that Sam hit the blackjack floor with FTX money. Unfortunately, he dug the hole deeper. According to Nansen Research, he lost  $100 million in Ethereum and USDT playing at crypto casinos like Stake, Bitcasino, and others. The dots begin to join and Binance’s unveiling of the misappropriation of customer funds now seems to make sense.

How in the world did SBF decide that gambling was the best course of action for recovering the funds? It seems to me that he has terrible friends around him.  Have you ever thought of gambling as way to recover your funds and pay your debts? Does this look like a case of compulsive gambling?

You blame this on "terrible friends around him" yet seem to discount the possibility that this was all his idea and he willfully committed to it? If you're friends with a billionaire and you say "don't do that" then he will probably drop you in order to find another person that does not oppose him, he had all the power in that sort of friendship dynamic. All of the things we're seeing now show that he was a bit naive but is also quite devious in certain aspects. Instead of being happy with a steady income and owning an exchange, he wanted to accrue way more money by engaging in extra trading activity with customer funds, which is what led to his ultimate downfall - he was gambling in many different ways.
1557  Economy / Scam Accusations / Re: sportsbet.io confiscated my money $18919 on: January 02, 2023, 08:16:06 AM
1.you created account ,used and deleted.
2.You will create again with same mail and details after some days.
Now my question is why sportsbet.io allowed to create many accounts under same mail?and why sportsbet.io agents said he could create many accounts?
Now about boost part many seniors keep on saying this thing like he abused boost odds while betfair guys giving same odds infact more than these why could he risk like that.
or may be he is using for some arbs other than that he is not doing any crime?Just because of boost promo locking 19000$ insane and everyone supporting still sportsbet.io.


They didn't allow the user to create many accounts under the same email, if you even bothered to read any of the responses you would know that. All of your questions have been already answered. No law has been broken, the terms of play on site have been broken which means they are allowed to take action the player has agreed to accept.

The question I have is why someone, with a brand new account (strangely dormant since April 2022), would zero in on a thread for their first post that is related to a multi account creating cheater. Might it be because they are that person or otherwise connected to them?
1558  Economy / Gambling discussion / Re: Why every casino got bad habits? on: January 01, 2023, 09:05:46 PM
If you have a look at the scam accusation section, you will find that no casino has a good reputation there. Each and every casino which has their ANN thread here, has at least one complaint against them; sometimes confiscated funds, delayed withdrawal, not paying the winning, freezing account etc. Why this is the principal of all the casinos? Why they can't operate without having any issues? They always do this shit; who knows what has been done with people who don't know how to deal with such a casino. Can you show me a thread that never had any reputation issues on this forum?

If you think about it a different way you probably get a more fair opinion on the matter, people never like losing money - yet casinos are by their very nature primarily set up to take customer funds away from them with the tiny chance that they'd possibly get some sort of sizable jackpot sum back from a smaller bet. While there are definitely scummy casinos out there and every case needs to be thoroughly reviewed individually, you can almost guarantee that complaints about most big casinos are purely disgruntled customers who do not accept losing money easily and want some kind of revenge, even if it is just leaving a false review to damage their reputation out of anger.
1559  Economy / Economics / Re: Every passing year seems progressively worse on: January 01, 2023, 08:18:20 PM
I don't know how to describe this emotion, but every year that passes seems progressively worse than the previous one in a variety of ways. The last few years seem to be going downhill, with something unpleasant occurring every single year. In 2020 and 2021, we suffered enough with Covid-19, in 2022, we thought that we'd possibly get a break, but nope, the war started on February, which was followed by excessive inflation and an economic recession.

We're now entering 2023, and things aren't looking any better. Inflation keeps worsening, energy and oil prices are extremely volatile, while in our case in Greece and Italy, despite MWH being the cheapest it has been since the invasion, we're holding the record for the most expensive energy prices.

On top of that, a few days before 2023, half of the U.S.A. is suffering a terrible blizzard, with temperatures even reaching as low as -50C. Climate change is real, and it's only going to get worse in the following years.

I'm not sure if everything has gone downhill in the past few years or if I'm overexaggerating and making it sound worse than it really is. Perhaps my sitting all alone in my bed on New Year's Eve isn't helping.

Anyway, happy new year to everyone and good luck on your bitcoin endeavors!

In simple terms, for most people, this situation is true. The world does get harder and worse each year because we are living on a planet with finite resources, there are many selfish people out there and the richest are consolidating money like crazy because politicians are weak at introducing appropriate regulation. Corporations are simply winning the battle against politicians because they last for a long time and in many cases politicians which serve the people are lucky to get 4-5 years to change things. Any laws that get created to benefit the wider public are constantly being targeted by money driven interests and it is hard to plan a future when everyone just keeps pushing problems on to the next generation. We've known about climate change for generations but nothing substantial was done about it.
1560  Economy / Gambling discussion / Re: Gamblers that don't understand basic gambling concepts. on: January 01, 2023, 06:56:05 PM
For some time now I have seen in this section of the forum a not small percentage of gamblers who do not understand basic statistical concepts of mathematics applied to gambling, such as Return to Player or Expected Value. As a result, it is not surprising that every now and then we see someone who thinks he has found a good system to win casino games by applying some variant of the Martingale. This is despite the fact that these are not complicated concepts and the information is easily accessible to everyone, it is not like 30 years ago. I would say that at least 25% of the people who write in this section fall into this category.

Do you have the same perception as me?

I think a lot of whiny threads of people telling how they ended up losing a lot more than they expected would be minimised if people understood these basic concepts. Although knowing the theory doesn't guarantee it 100% because we sometimes get carried away by emotions.

I am sure that some of those who think they understand these concepts but in reality do not will comment on this thread Grin.

It's a simple fact of life that not everyone has the same intelligence or is educated to the same levels. A large part of the way casinos make money is being able to stay slightly ahead of what the average person knows and potentially (maybe even via algorithms) take advantage of human nature. They are making huge profits every year, which just goes to show that they are very good at fooling a large portion of the population into losing money. As for whiny threads, some people are just sore losers and while they jump in with an ambition to win lots of money, taking a shortcut in life, they inevitably fall flat on their face and throw away their money on games that they are told favor the house.
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