There's a discussion here about a call to make it mandatory for gambling sites to show proof of money they are holding in reserves because of what happened on FTX.
- Do you think The Gambling Industry Is Part Of The Domino Effect That Happens In The Market?
- Will the industry lose the trust of gamblers if one or two casinos scammed their players by closing down and running with what
money they have that belongs to the gamblers?
- As a gambler do you use gambling sites to store your coins like what traders are doing on exchanges?
- What would gamblers think if a casino does not agree to show proof of money from new and old casinos
Not at all. Only legitimate gambling operation that has head offices in a country where the rule of law is operating to a reasonable standard and courts enforce action. While asking for KYC documentation is a good indicator that they live in a more sturdy jurisdiction, it can in fact be used by scammers to obtain access to very sensitive private documentation, so you really need to be wary of who you are handing such important information. In the earlier years of crypto it was definitely more expected and even desirable to be a totally anonymous setup, but banking regulators all over the world have definitely taken it seriously recently. You'll often see American authorities pressuring and being able to extradite gambling owners who fall foul of US laws (a huge overreach in some circumstances) |
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A lot of bad incidences happened in crypto community this year including:
1) FTX
2) Luna
3) Gemini Earn
4) Celcius
5) Voyager
6)BlockFi
All these incidences happened because of the greed of some people. It is important to control the entry of these kind of people as developers or people behind some new crypto projects. Otherwise people will have very less trust left on crypto in general and people will move to other alternatives. What do you think are the required steps to prevent these incidences from occurring in future ? Or are these unavoidable ?
You will find manipulative, opportunistic and down right dirty people in all walks of life. These are the sort of people who will try to take advantage of the naive or uneducated, in order to take a short cut to wealth. The only way to protect yourself is by making the odd mistake, ideally on a small scale, then learning from them - but understanding that it is definitely not easy to become rich for 99.99% of people. To some degree it is an unavoidable dilemma, as there is a small group that for whatever reason will not learn and end up falling for the same things in slightly different formats again and again. The best defense is forever questioning why and learning more. |
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The best investment you could possibly be making right now is in yourself, expanding your skillset and looking for multiple revenue streams is the best way to go. The world is constantly changing and what you think are solid companies can sometimes be too slow to adapt, ultimately leading them to falling over. You should understand that an employer would drop you in a second if required and have to somewhat tailor your own career path with that mindset. However if you have deep education with good exposure to some high quality companies, then your CV can easily stand out from the crowd if you ever need to dust it off or decide to improve your salary by switching jobs up the ladder regularly. |
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Guys, what u think about it?
I am sure in 101% that he plays fake money, but a lot of friends of mine - said the opposite.
After twitch banned stake and other casinos, he deleted all videos and dont even stream anymore, so its 100% proof they he had deal with stake and use free money to play, what do u think?
I would say this sort of thing is good evidence but unless you have the contract he signed as evidence then you will never be sure. You can make all the accusations you want and make some very astute observations, but due to the very nature of the gambling industry (much like any other gaming industry), it is impossible to back it up. In theory, if some regulatory body in his country had adequate suspicions and wanted to prosecute him for breaking some subversive advertising law, then they too would find it hard to prove a case but at least they could dig into things like financial records or build a real court case against him. As it is, you'll never know and should just ignore such clearly biased people. |
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FTX Chapter 11 is a scandalous event in the cryptocurrency world. FTX's position as a centalized exchange was after Binance exchange. There were millions of users from different countries of the world. This exchange has stolen almost $10 billion worth of crypto from customers. Which has changed enough in the economic standards of different countries of the world.
While there has clearly been gross mismanagement at the very top of the business and terrible record keeping according to the person charged with coming in to tidy it up, I have a feeling that some people are misattributing where a lot of the losses have come from. It's all too convenient to point at a failed exchange and say, look they're the bad guys of the crypto world, they are the reason I lost all my money. However in reality I can bet large chunks of what is being attributed as "lost" money was in actual fact the value of crypto falling which was further accelerated after the announcement that FTX was in trouble. They did not help the situation, but the media sometimes misrepresent or simply do not understand some of the facts of the case. |
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Everyone likes to go to a casino here and then. But unfortunately, there are those who cannot visit a casino simply for pure leisure. Gambling can turn from a hobby or a leisure activity into a serious addiction problem. Many compare the rush of gambling to the euphory of cocaine, as it can also become an addition.
Online gambling brought casinos closer than ever before, and the problem of addiction in the world of gambling is a serious social illness. There are a few signs to look for when starting to gamble online to avoid problems of addiction. So, do you know if you have a problem with gambling?
As external observers it is hard to gauge the mind of a problem gambler, as they have likely gotten to the point where it is part of their psyche and it would take a lot more than breaking down the signs to point that out to them. Gambling addicts will often default to denial of the problem first, as facing the truth can often be painful and hard to accept. The mind will often try to steer towards happier ideas and try to rationalize away the accusation. In the most extreme cases you are trying to change the whole persona of a person and break deeply ingrained habits, which can often only done when people truly hit rock bottom - at that point they can sometimes admit the problem which is the first step to addressing it. |
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As a gambler we always put winning first in our minds because nobody will want to place a bet when he already knows that he will loose,it is like throwing away your funds. Since winning brings happiness to us and we feel like playing more games for fun,I guess most gamblers can even go at length to cheat if they can.
I could remember back then as kids we get carried away in any game that we play due to the excitement we derive from the game,therefore we look for a way to cheat in other to win the game. So many gamblers have thought or looked for different ways in which they can understand how to cheat in the game they are gambling on so that they can win,while some so that they can just keep on playing over and over again.
As a gambler what prevention measures will you take in other not to cheat on your game that you know a way on cheating to win or will you go ahead and cheat ?
One of the best ways to prevent, or at least catch, cheating is to create a base-line of expected behavior and analyze large result sets. However without solid proof like catching someone on camera arranging or admitting to cheating, then it can often come back to only observations of suspicious behavior. There are investigative journalists out there who, every once in a while, are able to expose such dodgy dealings but it's incredibly difficult to arrange because the fewer people who know about such schemes, the less danger there is and the more money can potentially be made. Analyzing statistics can however be a very strong tool which is hard to fool and will aid in picking up such regular cheating patterns. |
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In the US, the Federal Reserve reports that households increased debt during the third quarter at the fastest pace in 15 years. due to hefty increases in credit card usage and mortgage balances. The biggest contributors to that debt load are: - Mortgage balances- it rose from $1 trillion a year ago to $11.7 trillion
- Credit card debt, which climbed to $930 billion which is more than 15% from the same period in 2021. This largest annual jump in more than 20 years
- Auto loan balances is up 5.6% from a year ago.
According to the report the reasons for this are because of “very robust” consumption, rising prices and consumers using substantial levels of savings that remain on accounts. On a personal note, I think this is the time for introspection. A lot of persons are buying stuff they do not need using their credit cards(money they do not yet have) because they want to impress people they do not like or people who do not give a rats ass about them. Understand the times we are in and live within your means because 2023 is coming and if you are affected economically and you have no back up plan, how would you pay off those debts? Please share your personal experiences the strategies you employ to avoid getting in debts. It's crazy but perhaps unexpected after so much chaos in the last few years. First there was Covid, which had a simultaneous effect of forcing some people to stay at home (thereby saving huge costs and limiting spending) while also putting other people out of a job entirely for up to two years. People are generally quite bad at managing finances beyond the very basics with long term savings buffers being relatively small for a large part of the population. Now the Ukraine war has kicked off it has pushed up food and energy prices further, just as things looked like they were starting to normalize. Combined with China's continuing zero Covid random shutdowns of factories and entire cities, it's all stacking up into a rather big mess. |
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It's one of those hot news, and you can find in almost all the Newspapers.
It looks like Qatar bribed eight Ecuadorian players for $7.4 millions to lose the wold cup opener. And this isn't weird to me, i mean if they already pay a shit ton of money to have the world cup in their country then we can expect from this world cup to be the most corrupt event in the Soccer history.
Right now odds pays x3.26 if Qatar win, i know is a risky bet but i'm almost sure they will win. Will you place bets on this game after knowing about the bribe?
It's a very risky bet, especially now the news has "leaked" and Ecuadorian players will be especially scrutinized in their performance on the pitch. Judging by the odds being offered all over the place, it's possible that they might be inclined to give the hosts at least a draw, but it does really show how weak the home team are in this tournament. Qatar already got the first game of the tournament rescheduled to their own game, so these sort of sly tricks don't seem that farfetched either. It's a country that is swimming in oil money and one of the most anti-democratic governments you'll find, they are trying to buy prowess on the world stage and would no doubt pay bribes to secure what they think is a benefit. |
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Is it possible to stick with free spins on online casinos and still be able to make some good reward?
I am looking into the free side of things, no risk at all with free spins but the question is has anyone ever make something out of free spins before? Something reasonable at?
The last time I earned something free from gambling websites was when BTC has very low value and many faucets still run, that's couple of years back.
In the last two years I've been able to win $150 per year off a single freebie game, but it's highly dependent on where you are playing and how generous they are - it's quite easy to get black/greyballed at different sites if they see you as a leach, because they want depositors and not people extracting money from them. Out of say 10 different places that used to offer freebie games, only a couple allowed me to keep playing these freebies so far. Those big sums are accompaniments to smaller but regular wins that also accrued over time, I can easily make $5-15 a week just by playing daily at a certain site and it only takes 2 minutes to lay a decent sport bet or play the freebie slots on offer for the day. |
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I have always heard this saying: You would be addressed the way you are dressed . This also connotes that you should address people the way they dress or appear. In my location you must wear a suit, a shirt tucked in good pants with a tie, or a well-tailored native attire, to prove that you are ready for business or employment. Wearing a jean, T-shirt or any casual wear is indecent in business and you would be treated like an unserious individual. But over the years I have learned that appearance can be deceptive, this has made me treat people or business prospects by their behavior, ability, and productivity and not by appearance. Some reasons for my decision are:
1. Good appearance doesn't guarantee quality: A so-called not properly dressed applicant might be more qualified and knowledgeable than a well-dressed prospect. Therefore it would be proper not to judge them by their appearance.
2. Scammers and criminals hide behind attractive appearances : To deceive people, some criminals dress presentably because they want to divert the attention of their targets. In my location, most Ponzi scheme operators always dress corporately at all times, just to give the people the feeling that their funds are in the custody of responsible persons.
3. Limited time: Thinking of what to wear can be time and strength-consuming. Most people that are too busy with work or other engagements might not give adequate attention to what they wear. As long as the clothing is clean and good to wear, they are okay with them.
4. Weather condition: It is very important to wear clothing that suits the atmospheric condition at a particular time, but most people especially in Africa don't understand this fact. I have been forced to wear a three-piece suit under the hottest sun I have ever experienced because my organization wants me to look presentable and corporate. I was sweating like a Xmas goat and all my clothes got soaked. But a T-shirt. a pair of jeans and a simple shoe would have given me the smartest look at that time.
5. More attention to the inside: Some perceived poor dressers feel that the mental and emotional well-being of an individual supersedes the physical looks. They believe that virtues like creativity, interpersonal skills, selflessness, contentment, etc are far better than appearance.
6. Poverty: indeed, looking good or corporate might not be very expensive but the truth is that some persons cannot afford them. Some individuals cannot provide a meal for themselves because of poverty. It would be unfair to look down on such persons maybe during interviews or business proposal meetings because they are not well dressed. He might be the most qualified.
It is good to look nice and attractive but looking down on people that you feel are not well dressed might not be the best option.
It can be highly dependent on your skillset these days, if you are a low level worker doing an easily replaceable job then it is likely that you will have little leeway in what you can wear. Sometimes your uniform is given to you if you're a front-of-house service type worker or maybe you get to choose some plain clothes if you are working in a factory or warehouse. Office jobs do tend to offer more potential and the more unique your position, the better chance you have of getting away with choosing your own outfit, but it is still a great idea to keep it professional because you never know who you will meet at work. It can always open doors and even impress senior executives. |
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These are two gambling stories that are very interesting Story 1A man stole his girlfriend's 10k to place a bet. He won 100 million and returned 10k to his girlfriend. His girlfriend is furious and demands 40 million dollars. *Read the full story hereStory 2An apprentice who won 16 million naira on BET was asked by his boss to split the money into two parts. This 50 - 50. As the story goes, people sided with his boss, and he had no choice but to comply. It's important to remember that the money used to bet belongs to the apprentice, not the boss. *Read the different opinions of people hereFirst, in your opinion, what would be a reasonable amount to give his girlfriend? Second, assuming you were the apprentice in the story, would you abandon your training or would you have given in to the pressure to split the money with your boss? What these two stories come back to ultimately is trust, intelligence and doing the right thing - rather than gambling. In the first example it appears that the girlfriend was going out with a thief and that should have been enough to end the relationship, getting her money back was a bonus but hopefully some police action was taken with the crime being reported. I doubt there was any way to make up after that point. The second story to me seems like one of two things: either 16 million Naira is not enough to last you very long without a job (or they could have just quit) or the person was naive & foolish to share the money with their boss because they had zero claim to it, maybe they were working with such snakes it would have been more clever not to tell anyone. |
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Companies may choose to layoff its employees for several reasons which include but not limited to cost-cutting, staff reduction, relocation, buyouts, and mergers. When you go the Google and search for layoffs you would find out it almost seems like a conspiracy among big companies to layoff its staff almost simultaneously. - Meta, laid off 11,000 people
- Twitter, laid off about 3,700 people
- Stripe, laid off about 1,000 people
- Salesforce, laid off hundreds of its employees last week
- Microsoft, laid off fewer than 1,000 jobs
- Zillow, Snap and Robinhood, laid off 300 of its employees late last month.
A pay cut is a decrease in an employee’s compensation. It could be a reduction in salary, benefits, hours and more — it’s not limited to monetary compensation. It can happen for a variety of reasons. For example, a company might be trying to avoid layoffs and/or save money during a tumultuous period, with the intention of returning salaries to normal once the threat is over. Let's suppose your boss called you into his/her office and explained the company's situation. He/she then gives you the option of getting laid off or taking a 50% pay cut. If you were to choose one of these options, what would it be and why? If my boss called me in and offered such a deal, the first question to ask would be - are you and all senior executives taking the same pay cut? Because if they're not then it is pure hypocrisy for them to ask for their workers to do it to. Some people might accept such a pay cut, highly dependent on their salary and living costs, because sometimes salaries can get well ahead of the amount of work required. However it is definitely a privileged few who would be able to absorb such a loss and the immediate thing that many would do is to start searching for a new job. Going into a recession is also another thing to think about, as the job hunt can get much more competitive as more candidates compete for fewer jobs. |
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I’m playing same set of games on different casino not just to get the bonuses of each casino but also to have a different mood of my mind set. It really helps me to calm down and focus whenever I’m losing big time on one casino. It also helps me to not chase my previous losses because I think about it as fresh start.
With this regular routine, I notice that I have a specific casino that I’m always winning despite I’m playing same game that I lose huge amount on the other casino. I do randomly change the sequence of my game on casino and keeps giving me same good result on my personal lucky casino. I highly believe that this luck of mine related on how I feel when playing on that casino. I’m expecting that I will be lucky so my mind is always optimistic whenever I’m playing on it.
Do you have this kind of casino?
It's not a lucky casino, it could however be a more generous casino that is taking lower payout ratios that give players the impression that they have a better chance of getting paid out. You also have casinos or sportbooks that are better at giving out free promotions than others. I play at a fiat currency gambling site pretty much daily and over the year I can easily get a couple hundred dollars out of it just by playing the freebie games, the only thing that it requires is consistency and I am always surprised that they continue to pay out all these free slot game spins that accrue cash over time. I guess enough people just pour the money back in that it makes financial sense for them to do so. |
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Very good Newsletter From The Pomp. I think Pomp here had a point. FTX debacle, which came too close to the LUNA/UST drama, is a harsh call on the whole system. Something everyone reading this forum should already know. There is Bitcoin, then there is crypto. But in the crypto Far West it was difficult for everyone to keep the bar to straight , for everyone. - Users Yet once again. “Not your keys, not your coins”. How many times do you have to be reminded doing a good risk assessment, when deciding who is handling your private keys
Please note the at I am not against Bitcoin custodians per se, I am against poorly chosen custodians”, whose category is often identical to “exchanges”
- Investors: lured into dubious projects following even more dubious APY or “risk free yield”. Check this thread to clarify what happen when you think you are getting a risk free yield. Hopefully they now understood where the real value is, and where allocate their assets.
- Exchanges: instead of focusing on crystal clear operations, regulations and service for clients, setting up convoluted tokenomics schemes, in the best hypothesis out of levity on unintended consequences, but often in dire fraud Hopefully this will lead to a refocusing on that matter the most for their clients (the users, not the governments -Check this thread). Many exchanges have already said are going to significantly improving their operations and transparency adding proof of reserves, as a first step
- Developers: instead of focusing on the development of the intellectually rewarding projects (namely: Bitcoin and Bitcoin related Technologies) , they indulged financially regarding projects. Hopefully many dubious project in this sphere will see a drain in funding over the coming months
- Regulators: The long tide of these events will be a flurry of new regulations to ban, regulate, oversee the whole crypto industry. I don’t know if they will be successful, the risk of killing a nascent industry is high, but i guess they now know they need to understand the industry better. And maybe this is good for all of us.
If you really are an investor then you need to be constantly adapting and adjusting to new information as it becomes available. It doesn't matter if you're invested in gold, wine, crypto or stocks - sometimes you just have to take a step back an re-evaluate everything that attracted you to it, then identify if anything has changed. There will be a small crowd of people who genuinely put little thought into their buying and just saw "line is going up on the chart, I want to jump in". Those people did no research other than feeling greedy and thinking they had an easy way to make money. Others have bought with conviction, used only small amounts of spare funds and are happy to hold wherever the price goes. That type should hopefully secure their crypto in off exchange wallets. |
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Menh it is no easy to be a gambler. Well that the life
"NO RISK NO GAIN"
recently I placed a bet on different soccer games and I staked it with about $70 on accumulated odd of 10.36 which came out a total of $725.
After placing my bet I later check back on the games in my account to monitor the success of my predictions and I opened the betslip and I was given a cash out of about $389 and the matches remaining was just one game so I decided not to take the it...i decided to be a brave gambler and wait for the last game to be concluded and then collect the full money
But the last game didn't turn out the way I wanted it and I lost that $389
I have faced similar situation before and most times I often collect the cash that comes as a cash out then the result of the Last match turns out correct and instead of having the whole money I miss out and get a little chunk of it..
So what would you would advise as a gambler? is it better to collect the cash out or wait for the full cash
From my own experience it is probably better to let a bet play out if you have placed it, but I've never really dabbled with such high odds and it obviously implies that there is a very high risk involved. It depends what you feel comfortable with really, I would be more than happy to cash out a $325 profit if you felt nervous or perhaps the underlying odds have shifted against you. Imagine if the several of the best players on a team had picked up an injury in the last game that had already been locked in via the multi-bet weeks ago and you had the opportunity to walk away with a tidy profit - that would seem like a very sensible bet but it's entirely dependent on a personal analysis. |
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sourceDue to the Russian invasion of Ukraine oil price skyrocketed triggering inflation and high cost of goods and services. But this unfortunate condition is favoring the oil and gas companies. While households are grappling with higher energy bills, companies are reaping the benefits.This quarter four of the biggest energy firms - Exxon, Chevron, Shell and TotalEnergies - earned nearly $51bn almost doubling what they earned last year. Recently, UN Secretary General Antonio Guterres has called on nations to impose special taxes on oil and gas companies because of this excessive profits and use the funds to support the poorest and most vulnerable people through these difficult times. The British and Italian government have imposed these special taxes but the US and French government is rejection this move stating that it might still lead to increase in domestic energy cost and might scare investors away from the industry. Unfortunately very few countries want to be the one to make the first move in these situations, as it might make their business environment look more risky in the long term and scare big businesses into other jurisdictions. It takes a lot of courage to be the countries that impose these taxes and it should be commended, however they were only windfall taxes which meant one off's, they need to pay higher taxes indefinitely. One thing to consider however is that a lot of big pension funds still have big chunks invested and make a lot of money for retirees / future retirees by owning the shares, even if we ignore the big pots that politicians probably have too. |
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it looks like Cristiano Ronaldo has just signed a partnership with Binance to have his own NFT collection starting from November 18. https://twitter.com/Cristiano/status/1592520297290551308?t=hSxjM5-L-rlTKnYICqeEPQ&s=19Binance is hitting strong the Footbal industry and already counts with several partnerships with many prominent players as well as Football clubs. This is good news for the industry as it brings a lot more visibility to cryptos. It's not surprising really, these hotshot football players have lots of followers and it is going to generate huge revenue for both sides in the agreement. Ronaldo is probably a bit sour after learning that Manchester United are making money from him via their own NFT's and he probably doesn't get much income from that. In reality, all of these footballers even up to the biggest legends, have a "shelf life" on and off the pitch, so they should rightly try to capitalize off of it. Let's hope that Binance doesn't end up falling over like FTX, because we're already seeing celebrities being sued in the courts for advertising and promotion this failed exchange, he might be a juicy target later. |
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Reading this article, I couldn't help but wonder about a lot of things that have gone wrong and is going wrong in companies. Some of these companies are know that employees leaving are a problem and are making efforts to fix it while other who know, ,amy have chosen to ignore it. Below are some important points highlighted in the article. According to the report, more than 6.5 million people (20% of the U.K. workforce) are expected to quit their job in the next 12 months, according to estimates from the Charted Institute of Personnel and Development (CIPD), which published the data in June after surveying more than 6,000 workers. That’s up from 2021, when 16% of the U.K. workforce said they plan to quit within a year, according to the CIPD. Meanwhile, in March Microsoft’s global Work Trend Index found that 52% of Gen Zers and Millennials — the two generations that represent the vast majority of the workforce — were likely to consider changing jobs within the following year. Data do not lie. If these companies do not want to keep losing this battle they have to start caring about their employees. They have to treat their employees great. In this day and age companies need to start to try to be human and actually care about what their employees care about or at least putting it on the same pedestal with the degree at which the company cares about making profit. We need new generational leaders who are high on emotional intelligence. What do you think? Are companies losing the battle for long term employee retention? You are the one extrapolating and maybe taking it too far. There is often different careers that happen throughout peoples lives and suggesting that it should somehow be closer to 100% of people staying in their jobs forever is naive too. New innovations come along which reduce the need for employees, causing natural attrition within companies. Many people have certain service jobs when they are younger, maybe to sustain them through their studies, but will eventually progress into more lucrative career paths. Others realize that moving around is sometimes the only way to increase your salary but it also adds an element of instability into your life, so there is a trade off there. |
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Hey guys! Lately I have noticed a trend on one or two occasions and I am curious to ask for your opinion on this particular issue of casinos that do not have an ANN thread in this forum, where discussion on the progress and development of the casinos and also serve as a feedback mechanism to handle issues resulting from members' activities on their site.
I don't know if this topic has been discussed before, if it has, please point me to the thread where the topic has been discussed otherwise please leave your views here in the comment section.
Some of those casinos already hard a running signature campaigns in the forum but yet doesn't have an active ANN thread or a representative in the forum, so how do players deal with issues from the site, should we contact the campaign managers each time there is a problem from those casinos?
I think that with a well managed thread then there is a degree of credibility that it gives the company. You can see how they treat their customers, as it will often attract any complaints looking for a more direct answer and it gives you indicators of how the company runs - are they responsive, are they always pursuing new ideas, do they use it as a place to launch promotions or news. Not having a thread here could indicate that they have a bad history or have not been targeting this kind of audience, so you might have to do research elsewhere. Sometimes casinos / sportbooks here have multiple staff offering round the clock responses which can also indicate they are a bigger than average operation. |
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