I know that many bettors, if a sporting event develops in favor of their bet, make a counter bet - for example, they bet on odds of 1.3 and on the opposite event, the odds were 3.3. Then the odds changed 1.3 -> 1.1 and 3.3 -> 5.7. At this moment, they "fix" their winnings by betting on the opposite outcome with odds of 5.7. Or they use the option of selling their bet (cashout - some bookmakers have such an option), that is, they receive their winnings immediately, but less than if they wait until the end of the sporting event.
In my opinion, this is not a profitable strategy, since in this way you minimize your profit, but potentially maximize your losses - if a sporting event develops against your bet, then you lose it entirely without any compensation.
People as a whole and in general are simply awful at calculating risks. That's why sportbooks have huge computing resources invested in trying to determine how to price odds at any particular time based on as much information as possible. It goes for practically anything in life and is true of us all - we are extremely good at overestimating what we think we know quite frankly. Cashing out a bet is a dynamic situation where you cannot give a yes or a no. Should you cash out a bet where the winning team is 5 goals up in a soccer match? Hell no. Should you cash out a basketball game where you're getting a slight profit but in a super close game? Maybe. It also depends on your personal strategy - are you all in and embracing losses, or seeking to grind a profit where possible? Are you gambling with fun money, or trying to make something a bit more serious out of it? |
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Bitcoin is already winning the war against the centralization of Bitcoin services, and a lot of Bitcoin holders are beginning to realize the safety of their Bitcoin when it is off the exchange and kept in a private wallet. You only send real Bitcoin when you do it on a p2p level and you don't own Bitcoin when your coins are stored on an exchange all you have is just promises and not Bitcoin if your Bitcoin is on the third party exchange.
Why even bother to post, what do you think you're sharing with the Bitcoin community that we don't already know? Maybe such "wisdom" might be reserved for the newbie section but you can already find dozens of similar recitations over the last few pages of threads in here. Maybe if you gave a few examples of recently failed crypto exchanges then it might emphasize the fact to people but frankly the average user of Bitcoin just wants simplicity and a reasonable level of security. Not everyone is technically literate and if we want Bitcoin to have the widest adoption possible we need to embrace the fact that many people want an easy to access online service similar to existing platforms like Paypal. |
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We all know that Macau is the world's biggest gambling capital the world and its government is relying 80% on its revenues from casino operations as the majority of its citizen are employed directly or not directly but now it is facing a dilemma there is a rapid increase of the outbreak of the disease and they have no choice but to close most shops, banks schools, and government offices but surprisingly their casino operations are still open as they need to cope with the revenues losses and keep the money flowing to keep the government funds stable. Do you think the government of Macau made the right decision or they are very desperate not to shut down the casino operations because they need their economy going. Related story and source here Macao shuts most businesses, restaurants amid mass COVID-19 testing; casinos stay open Frankly Covid is a minor blip in operations and is unlikely to affect many people outside of China. Visitors might be a bit annoyed, but I suspect most of them would be Chinese anyway with their own travel restrictions in place. Almost all tourist areas around the world have been heavily affected by the Covid crisis, we see similar economic devastation going on in Sri Lanka on a slightly larger scale and it just shows the importance of building a diversified economy rather than relying on one sector. The wider threat to Macau is more likely to be the erratic and unpredictable nature of the communist party over the medium to longer term, as they always love crackdowns when if it creates a distraction to their incompetence. |
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Some people blame their parent for being poor🥲
Some blame their bad and corrupt leaders🥲🥲
Some blame their country and the country's economy😢😢😢
👉🏾Never blame anyone or anything for being poor.
👉🏾Our parent may be poor, the economy may be bad and our leaders may be corrupt, these are factors that may not be easily changed.
👉🏾Let's leave these factors and work on factors that can easily be changed, which is OURSELF
Our power to be rich lies in our hands✋🏿✋🏿✋🏿. Let's wake up, get right information, invest in visible and reliable projects, make money and still make more money.....
I think only someone who has been very lucky and privileged in life could come up with such a position. Our lives are very much effected by our environment and family fortune from an early age. Anyone has the potential at birth to become anything they want, but from that moment on we can be shaped by what we are able to access. People with money can get a better education, people without money may never have access or knowledge about a lot of things that could give them better odds in life. Corruption can also severely stunt your opportunities as richer families get placed that might have gone to more intelligent or resourceful children. It can also drain money away from families all throughout life and adds an extra tax burden that gives no benefit to the central government which could share those resources more wisely. |
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Everyone has negative connotations when it comes to gambling activity but little that we know that gambling when done in moderation can offer great benefits to our mental and physical health and finance.
Engaging in gambling in moderation will greatly save us financial losses compared to engaging in entertainment outdoor. Aside from that, recreational activities such as picnics, watching movies, and playing arcade games often have our finance in an outflow system. The only reward is entertainment and happiness whereas, if engage in gambling there is a chance of getting back what we spent since gambling always involved a chance of getting back what we bet in a certain multiplier. Of course, we are talking about gambling in moderation. Besides this kind of control, we are far from developing a gambling disorder.
Aside from the personal benefits, we are also contributing to our country's income by playing in their gambling infrastructure. It is proven that the development of gambling addiction in a gambling engagement in moderation is highly unlikely. With that, do you think it is worth moderating our gambling engagement to maximize the benefits of gambling activities?
That article brings up a lot of good points, gambling can be like most things in life - if it's done in moderation then it can be fine. In fact it can be help in many ways like those suggested, I personally love buying a lottery ticket every now and then, just to dream about how it might be possible to share the winnings - knowing full well how ridiculously unlikely you are to be the winner. Socializing like you say is another good one, if people go into a casino with a set amount in mind to spend - win or lose - then you can psychologically classify it as any other form of spending. Instead of dropping 50 bucks on a cinema ticket, drinks and popcorn you can easily have a little gamble with the same amount of money and time invested in a different form of entertainment. |
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This may look weird, but follow closely while I drive my point home. In 2009, Satoshi developed Bitcoin with the intention of building a digital peer-2-peer currency that has no centralized authority, right?
Yeah, but as volatility of prices kept fluctuating, BTC enthusiasts started deviating from the initial idea of a digital currency to seeing it as an investment option.
Bitcoin price, after it's ATH of $69.045, there has been series of panic as prices kept devaluing against fiat, causing investors more concerns about the BTC value compared to fiat, as against it's initial aim of being a peer-2-peer network.
Been that Bitcoin is not backed by any centralized authority, community or asset, it is therefore wise first as a currency and not as a store of value; especially for salary earners in developing countries, low income earners and those who live on wages.
Because to be profitable in BTC investment, one must be a high salary earner who invests with money that has no future need, with reasons that volatility will always be a key player as long as BTC exists.
In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
It will only be regarded as BTC holding if every price wave adds to it.
People use bitcoin in many different ways and it's hard to really pin down the current primary motive. It's actually better when the price is down low and suppressed because it means more people are likely to use it for it's original purpose, as a functional universal currency outside of central banks for trading across borders. Speculators can actually be detrimental to the health of cryptocurrency, because they disrupt the price and make it majorly unstable - scaring away regular functional users. Speculators are also just the type of people who like taking short cuts or finding get rich quick schemes, so they'll quickly abandon it if something new comes along. |
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This looks more like a protest than anything and it would be better to have more context around why this happened. I'm not saying it's right but maybe the team felt that the referee was actually the one being biased all game and decided to do this as payback. It's a bit strange that the whole stadium is empty, is that some sort of Covid measure in place right now or just the fact that this match is so far down into the amateur leagues that it does not have many supporters? How do we know this isn't some sort of training session? It's hard to understand what is really happening based on this small clip because you really need to see the build up or at least a text/commentary description around it. |
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During the first two years of the coronavirus pandemic, a new billionaire was minted every 30 hours, according to a new report by Oxfam International. The report, called “Profiting from Pain”, highlights how the pandemic rapidly widened the gap between the world’s richest and poorest - with 573 of the world’s richest people becoming billionaires during that time.
Meanwhile, the pandemic has created new pharmaceutical billionaires, profiting from the monopolies their companies hold over vaccines, treatments, tests, and personal protective equipment, the report said. “As billionaires gather in Davos, Switzerland, in person for the first time in over two years, they have a lot to celebrate. During the COVID-19 pandemic their mountain of wealth has reached unprecedented and dizzying heights. The pandemic – full of sorrow and disruption for most of humanity – has been one of the best times in recorded history for the billionaire class,” read the report.
Something that people living paycheck to paycheck might sometimes overlook is how the is inevitable if a billionaire has been able to withdraw their money by selling parts of their business off. They take the proceeds from the sale of their original company and from that point it is extremely difficult for them ever to lose that wealth again with just one simple step. If they put that money into purchasing shares of index funds, which diversify them across thousands of companies around the world, and receive the profits from those companies every 3 to 6 months - it supplies a substantial and even growing income to them year after year. Any spare capacity can go to buying more of those shares. Most people have a similar arrangement on a much smaller scale with pension funds, but will be lucky to earn a tiny fraction of what they do. |
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I read an interesting debate about this topic during the time when I experienced heavy loss in online gambling. I’m trying to seek some reason online to justify my loss and give me acceptance for my loss that time. It didn’t help me but make me confused.  Anyway I will share the points of both side because it is the real life scenario. PS: I’m in favor for not banning gambling. @Livecasino 
PRO
Conclusion: I got confused because the first time I read this was I’m feeling down that time while my perspective is against gambling but when I read it again when my mind is clear, I realized that the pro side has a valid point too. At that point I noticed that our opinion will varies based on our actual condition because it’s easy to say that it’s just a game if you are not playing and just sitting in the side line but if you are the one who’s experiencing the actual heavy loss, Maybe you will be in favor to the cons side.
While gambling can definitely be a curse for people who get addicted to it, prohibition has shown time and again that it does not work. The gambling industry definitely needs strong regulation and heavy taxation, but it's better for it to all be done legally in the open, rather than hidden away causing deeper societal problems. Making it illegal just drives it underground and makes the bad sides of it so much worse. All casinos and sportbooks should have a mandatory self exclusion, ideally a worldwide scheme could be setup - allowing people to limit their access to such sites for 6 months or even five years. That would really help to solve the addiction side, but addicts also need help with the psychological traps they find themselves in. |
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As far as I know, the practice of central heating is not very common in Europe, and each homeowner is forced to solve the issue of heating his home on his own. I hope the European Union will be able to avoid many unnecessary deaths from hypothermia this coming winter. I am Russian, but I would not approve of Putin if he allowed such a humanitarian catastrophe in Europe. No matter how aggressively European politicians behave towards Russia, ordinary Europeans do not deserve a rollback to the Middle Ages for the short-sighted decisions of their leaders.
Maybe the west of the EU is not so much oriented towards such a heating method, but the east is still oriented towards wood as a heating material. People in houses will always have more choice than those who live in apartment buildings, but I don't believe that anyone will freeze next winter because there won't be enough gas, they will simply have to lower the heating temperature by a few degrees. Your president is not too concerned about the humanitarian issues of the people in the EU because every day pictures of the mass graves that your soldiers left behind from various parts of Ukraine arrive. In a way, it would be logical for the EU to completely distance itself from trade with Russia, although this is very difficult at the moment. If the average Russian thinks that the EU will return to the Middle Ages because the Russians will close the valves on the gas pipelines, then they are badly mistaken. It is a difficult year in which we live, the one ahead will be even more difficult, but people will find a way to survive as always. It looks like the EU will have no choice because of the Russian cuts, which is yet more stupidity piled on by Putin. As Russian sanctions bite and Russia falls into economic oblivion, Putin is trying to extract some sort of concessions out of Europe by cutting gas supplies to 20% of their original amount. This is yet another plan of his that is going to backfire, as it shows that Russia is not only an unstable neighbor because they invade for no reason, but they are also an unreliable trading partner because they throw their toys out the pram when things don't go their way. It does have a silver lining however, because after these cuts European countries will do all they can never to rely on Russian oil & gas in future - which are the biggest earners for the Russian economy that is stunted by the greed of their oligarchy. |
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According to the data.ai used to be Annie App, Zynga app has been downloaded 80,692,457 times on Andriod and 55,130,766 times on IOS till the end of 2021. there are more apps like WSOP, Mega Hit, GOP3 and etc. This just a non-real cash poker app. However, there are real cash poker apps such as pokerstars, 888poker, GGpoker, partypoker and etc. As of July 2020, there were 7,791 poker tables world-widely. further more, World gambling statistics show that around 26% of the population gamble. That means around 1.6 billion people worldwide gamble and 4.2 billion gamble at least once every year. https://www.casino.org/features/gambling-statistics/We have seen so many types of GameFi, but none of them is focused on the game which means it is not entertained. I think poker is a good start point to enter the gamefi area in the future. I don't actually think that including poker games which use virtual chips is helpful when making any comparison towards real gambling. Quite frankly it is like comparing alcohol free beer to real beer - it simply does not achieve the same effect. There is a totally different stance that people take when real money is on the line and many people have different thresholds that they are willing to grind. Another thing that's worth pointing out, is that while it may be the only option available to some, most phone apps are poker are missing large parts of functionality compared to playing those poker games on a full laptop or personal computer. They also allow for more errors due to less accurate finger placement. |
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After reading so many topics that discuss who satoshi could be and why he would leave bitcoin from one day to another it made me think: What is he doing these days? It is really unlikely that he never ever came back to the forum again, just to read and look at the progress. Also it seems likely that he had at least one alt account that may even be sill active.
It doesn't matter what Satoshi is doing now and everyone should just be happy that he blessed the world with the concept of the blockchain. Decentralized currency is a radical idea which still has many improvements to come, efforts should be spent on that rather than trying to track down an elusive founder who clearly doesn't have any interest in publicity for whatever reason. If they have not surfaced by now, it's highly likely that they will never surface again and frankly that adds to part of the charm. Somebody out their put the project infront of their own selfish desire to gain fame, which is surprisingly rare in the current age where everyone is desperately trying to become the next big D-list "celebrity". |
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If you're promoting a casino-based campaign you need to post at least 5 to 10 posts in the gambling section Currently there are 1136622 Posts and 5903 Topics in the gambling discussion alone the gambling announcement not included making it the most active board here in Bitcointalk.
If There are No Casino Signature campaigns Anymore Will The Gambling Board Still Be The Same will we have the same stats as we are seeing right now
I think it's clear from the figures you posted how much the signature campaigns prop up this part of the forum. It works both ways though, because Bitcointalk is able to generate a lot of content it will continue to hold a lot of weight and show up more often in search engines which helps to grow the user base further. I'm not really sure whether people are converting based on following links in signatures, but considering how long these campaigns have been running they must have a positive effect. I don't see any harm in it, as long as the content is kept reasonably good and doesn't end up with a lot of single words or one liner contributions. |
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The economic data of the US is clearly showing a two consecutive negative GDP growth rate. While some analysts believe that the economy is in a recession, economic advisers are saying there is no major decline in economic activities.
What are the core elements of a recession?
How do we quantify a recession?
There are different ways to quantify recessions around the world, most countries see a decline of two quarters in a row as a recession. However it seems that America requires some other criteria to additionally qualify - like the unemployment rate rising during the same time period. It slightly makes sense, however we seem to be in this bizarre netherworld where all the indicators are flashing bright red and the sirens are wailing, but the stock markets are still up in the sky (well, besides the NASDAQ which was always highly overvalued). Generally though, it feels like this will be a slow and steady ride, but a big jolt could quickly cause a fast drop like we see in many recessions before - the shock always comes from somewhere new. |
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I’ve been watching many streamers on twitch and youtube for more than a years. I always craved to play gambling everytime I watch them winning huge amount. I find there video streaming very encouraging most of the time because I feel like I can win too everytime they are winning.
We all know that Drake is the most famous streamer on this industry but before Drake, There’s a lot pf streamer that is popular on the slot category on twitch. I prepared some data below on how much viewers interested on gambling streams compared to typical online games streams.
As you notice in the chart, Slots Channel got more viewers than other famous games such as Fortnite and CS:GO. This starts during pandemic which many streamers shift from online gaming to the onlime gambling category.
Many famous Casino is now doing partnership on different streamers. So in conclusion, Streamers contributes a lot on the increase of popularity of online gambling.
It's definitely interesting to see how popular these channels are and it baffles me why anyone would want to watch someone playing slots over a long time. I could understand possibly that people watch intense, action packed shooters or racing games, which maybe have players utilizing the most powerful graphic cards around. Casino games are so dreary and predictable, basically designed to sap your money over the long term. As for the players themselves, it makes me question whether some of them are fake and are using accounts possibly funded by the casino companies or maybe even the winnings are tweaked in an attempt to draw in more players from the people watching. |
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Despite the uproar caused by Tesla's announcement last week that it has sold 75% of its Bitcoin, the corporation claims to have $222 million worth of "digital assets" as of the end of June on its balance sheet. The new information was included in the company's quarterly report, which it submitted on Monday morning to the U.S. Securities and Exchange Commission. A few days before submitting its complete earnings report to the SEC, a company will frequently issue a press release and hold an earnings call. Because of this, information of Tesla's sale of $736 million worth of Bitcoin on Wednesday spread before the firm provided any information. During the company's earnings call on Wednesday, Tesla CEO Elon Musk added that the company had sold its Bitcoin to raise cash as COVID lockdowns in China continued. Musk stated on the call last week that the reason for the sales was the uncertainty around the end of China's COVID lockdowns. Given the uncertainties surrounding COVID lockdowns in China, it was crucial for us to optimize our cash position. But in the hour following the revelation, the price of one bitcoin fell by 2.5 percent, reaching $23,078.18 on Wednesday. According to CoinMarketCap, the largest cryptocurrency in the world by market capitalization has further declined and was currently selling at $21,969.29 per BTC. Meanwhile, it appears that the news that Tesla had sold a significant amount of its Bitcoin was well received by its stockholders. Prior to the announcement, TSLA shares were trading at $742.50 at market closing on Wednesday. As of Monday afternoon, they had risen 9% to $812.16. According to Yahoo Finance, that is the highest the price of TSLA shares have been since early May. https://decrypt.co/105923/elon-musk-tesla-holds-222m-digital-assets-after-dumping-bitcoinMy question is what is the relationship linking Tesla corporation and the COVID lockdowns in china? Or was this just a well laid out plan to raise his trading prices? If I recall correctly, China is now the biggest market for Tesla sales and they have one of their mega factories pumping out Tesla's in that country. That means that even localized lockdowns can have a big effect on the supply chain of these cars and could possibly signal further lockdowns to come. You mentioned that was the end of June bitcoin holding position, however it's quite possible that Tesla has totally cashed out their position since then, because they clearly see it as a non-viable asset to hold. Tesla is getting more profitable but it's still very much in a growth phase and a lot of other car manufacturers are getting their electric vehicle production up to high levels now - the competition is setting in. |
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Restlessness or irritability when trying to reduce or stop gambling.
After losing gambling money, often comes back another day to get revenge ("chase" someone's loss).
Forcing into debt and even committing crimes just to have playing capital, and relying on others to provide money to alleviate the desperate financial situation caused by gambling.
Unfortunately a lot of these points tie together and the overriding driver would be lack of control. When people do not feel like they have control of the situation then they are more likely to "go with the flow" and potentially string together multiple bad decisions. If someone starts off gambling, losing a stack of savings they might have had, it drives them into large feelings of guilt, which heavily affects their decision making and depending on the severity of the loss they might have lost a rational thought process. This could lead them on to even worse things like stealing from friends, family or a company that they work in. Basically even if you do start from a comfortable position it is incredibly easy to lose a grip and you need to understand how the odds are stacked against you to restrain your losses. |
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Do you think social media is now becoming more a place for business than socializing, Could it be as a result of digitalization and things moving online or more people now starting business online because of need to somehow generate income or another source of income for self to survive the economic situations which is becoming tougher?
This happened a long time ago and is hardly a new trend. Where people congregate there is the opportunity to make money and there are many ways that will be utilized. Ranging from genuine adverts that are built into the social network sidebars or feeds, groups that are set up with the ability to sell products within them or just downright subversive & manipulative marketing which is a form of astroturfing. The worst kinds are fake review type situations where they do not make it clear that they're advertising a product to their "followers". It has never been easier to start an online business, but social networks have to walk a fine line because if the place starts looking too spammy then users might start to gravitate elsewhere. |
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This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021. *Respondents who say that they win money overall in the course of an average season.
n=13,300 adults (16+) interested in football. Conducted in May 2021 The trouble with these sorts of data and graphing is it doesn't really represent an accurate figure. Unless you're getting the raw data from a reliable selection of sportbooks (who would most likely never share what could be perceived as valuable information) then it can end up with all kinds of discrepancies. It can even be a cultural thing, where Italians are very macho and it is not macho to be a loser - so they might decide to lie even if it is an obscure anonymized survey. There could be other things going on like slight differences in translations which encourage people to pick different answers, or even where the data is gathered - if your respondents from a particular country are more clustered around the best performing team then they might genuinely win more. |
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Feng shui is an ancient Chinese art of arranging buildings, objects, and space in an environment to achieve harmony and balance But do you know that Fengshui is practiced and observed in gambling and in popular casino cities? even MGM and many hotels in casinos are following Fengshui, these are just some of the examples the MGM Grand had to change its entrance, one that formerly forced customers to walk through the mouth of a lion (actually, under its chin, but close enough), deemed to be a very bad mojo by players from Asia. The number Four is unlucky because it sounds like the Chinese word for “death.” This is why many hotels in Las Vegas skip floor numbers that start with the number four. The Rio Las Vegas, for example, is advertised as having 51 floors, but if you deduct the missing 40-49, it actually has just 41. The Encore is also missing floors 40-49. So you see even if everything depends on luck and circumstances there are many people even non-Chinese are following Fengshui practices. How about you? Do you have Fengshui practice that you're observing when you are about to play or while playing While it may sometimes be aesthetically pleasing to have some spaces shaped around the concept of Feng Shui, in most other places it's just called common sense design practices. Optimizing the layout of every room and making them practical is hardly exclusive to Chinese design. It's a bit of a shame to see an example of how a colorful and creative artistic idea like walking through the mouth of a Lion, which would hardly get much attention in somewhere like America, has been removed to account for the tastes of a whole other continent - but it seems they were willing to drop it for the sake of chasing extra player money. Same with removing numbers to pander to superstitions, should we remove 4's from a deck of poker cards because certain people think they are a spooky number? |
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