Bitcoin Forum
April 26, 2024, 06:04:29 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 61 »
1  Economy / Gambling discussion / Re: Is it profitable to invest in betting sites? on: January 22, 2016, 11:58:41 PM
It is not like House always win. I've seen some aspiring new casinos gone bankrupt because couple lucky patrons killed casino's funds. Casino bankruptcy certainly can happen.


There are no casino that has been bankrupted yet if all players dont cheat the game. There are house edge to safe guard the casino so it wont fail in long term and will keep on generating profit. The only thing that you can do to make a casino bankrupt is either to steal (hack) or find some exploit to empty the bankroll
because casinos are businesses, plain and simple. they wouldnt stay in business if their business model or plan involved going bankrupt. whatever games casinos host on their sites, they are designed to profit the house more times than players will win. and even in a game where the house isnt even involved, such as in poker, the house still profits from taking a rake of every pot.
2  Economy / Gambling discussion / Re: Is it profitable to invest in betting sites? on: January 22, 2016, 02:07:37 PM
of course it is profitable to do that in the long time if you make it as a long term investment, if i had a lot of bitcoins i would definitely invest my money as it would make more easy money
no "of course," just should be. theres no telling if the casino might have quite a few lucky bettors in the long term, its just a lot more likely that investing will profit as opposed to betting as a player. however, the trust in the site that allows investments is a risk too, you are handing over control of your coins to the website, and they could just take them and disappear if they wanted to.
3  Economy / Gambling discussion / Re: How to stay away from gambling? suggestions ? on: January 22, 2016, 02:02:29 PM
i often try to study in free time and avoid gambling, helps resist for a long time too.

I dont think studying is the best remedy against gambling... gambling is fun,whilst studying is not
potentially losing everything you own and throwing your life into ruin isnt exactly fun either. if studying can keep someone away from gambling, great for them, they have something that can keep them away from a harmful habit. if fun is all youre after, just go throw everything you own at the casino, then say its fun again.
4  Economy / Gambling discussion / Re: How to stay away from gambling? suggestions ? on: January 21, 2016, 11:07:07 PM
I think its impossible to stop once you have been addicted, no mater what you do.

it can be done but it cannot be an immediately action. you must learn how to adjust to it and that may takes time. you can try to reduce the urge, duration of gambling, amount  gamble etc. so in the long run, it is possible to stop the addiction but it is still depend heavily on the user.

But some people are so crazy about gambling, that once they see a game going on television they hardly have the power to resist themselves from gambling on that. I think some people trust their luck just too much.

thats just weak willpower, those people need outside help to quit and usually, that help needs to force them to stay away from their addiction. and its not that these people trust their luck, its more like they trap themselves and convince themselves that theyre lucky and will always win the next time, its the only explanation for why they keep coming back despite losing every time.
5  Economy / Gambling discussion / Re: Why is gambling so addicting? on: January 21, 2016, 01:10:19 PM
everyone has a sense of greed, human nature, and the addict is normal
addict to gambling i think its not a problem
how is being addicted not a problem? a gambling addict only thinks about gambling, everything else besides survival so they can keep gambling doesnt matter to them. how is that good? they will throw away all their money at the casino "for fun" and waste their life. how is that good?
6  Economy / Gambling / Re: Dice gambling method #1 - Use wisely. on: January 21, 2016, 01:01:16 PM
I wonder how many years it will take for martingale to become less popular.

Perphaps if more people would invest their time to play with dice simulators for a while, to see how martinagle really performs, and how "hard" it is hit a streak of 10+ losses.
it will never become less popular, as more people enter the gambling scene, they will inevitable see this "amazing magical never losing method" using their common sense, and preach it as if no one else before them had ever though of it. as long as they see it work over a few dozen rolls, they convince themselves in their head that the method is infallible.

This is nothing new OP.It's Martingale and now a days it doesn't work.
no, its never worked
7  Economy / Gambling / Re: Dice gambling method #1 - Use wisely. on: January 21, 2016, 12:56:50 PM
Personally, I don't believe in any single strategy to win in dice gambling. Gambling is gambling and martingale is martingale. The Casino wants to get your money, and the best way to get your money is to make you believe that you are winning but in the long run, they are the ones who walk to the bank laughing.

Well, I think that martingale can be profitable. I mean the probability of it to be profitable is pretty high if you are following the rules:

1. Your basic bet amount should be less than 0.1% of your balance.

2. You must undestand that you can't play forever like this. The more you play the more probability of losing everything.

So if you are trying to win 100k sats risking 1 BTC you will win most likely, but if you are trying to say double your balance with martinglae you'll most likely lose.


i cant be profitable short term, maybe under 1000 bets. however, the longer you keep the autobet going, the more chances the house edge will have a chance to play a part, eventually leading to going bust. however, its often the case that you will go bust before you can glean any significant profit from martingale before going bust on just a single bad string of rolls.
8  Economy / Gambling discussion / Re: Gambling. Is It Wrong? on: January 20, 2016, 04:41:15 PM
it is not wrong in any ways, it gives people a lot of entertainment so its fine to play it if you like it and dont waste too much money that you need for a living, thats just my opinion
yes most gambling is entertainment to life. gambling part of life that can not be eliminated. I think that way.

Not everyone gambling is entertainment. You can get a lot of money from gambling and you can lose a lot too. Gambling is risky and if you want to serious in gambling dont try to play for entertainment
You must have a strategy to play it.
there is no strategy in gambling except in games where you can attain an advantage, such as poker or blackjack. and in the case of poker, you are correct, gambling is not at all entertaining for professional poker players, for them, playing is work so they can earn a living, nothing more. there is little fun in knowing that your livlihood is at stake if a bad hand is dealt or you make a single wrong call.
9  Economy / Gambling discussion / Re: How to stay away from gambling? suggestions ? on: January 20, 2016, 04:18:26 PM
Just seek help to help you stop doing a lot is just difficult if you are so addicted to it.
You can stop gambling if you do other stuff that can make you addicted to it.
trading one addiction for another isnt really a solution, it really doesnt accomplish anything. the first step should to to completely stay away from gambling, and the addict should aim to cut off all addicting activities out of their life for at least some time so they dont feel tempted to fill the void with something else just as addicting.
10  Economy / Gambling discussion / Re: Paid to gamble on: January 20, 2016, 11:36:30 AM
It still puts the gambling addiction in you. So later in the future you will be more likely to deposit and play.

Well, OP already said his site does not allow users to deposit and also will never allow deposits. BTW, I do agree with the others that the site should be classified as a gambling site, as it is pretty much like someone going to PD and only playing with the faucet money.

Yeah in the end you will get ban from them because of abuse their faucet. Btw if deposit is never allow on this site I dont think it will never called gambling then because you dont really use your money to do things just like faucet that give you 500 sat each hour or something like that
Why would I ban someone?

Isn't it normal that someone who "abuses" (by using bots/multiple accounts) gets banned?

This is just like those app on game store , free digital money for you to play and you can buy free digital money with real money ..
We don't sell any credits.

I tried it and it's really cool but as people level up and are able to bet more, won't you end up loosing way too much money? I mean I know you have ad revenue but it's not going to be enough, I still feel like there is some kind of trick that you are not telling people.
I am good at creating demand for products, that's all.
There's no tricks here. Everything is legit Smiley

I'm going to add more games, which means more people will be coming on the site. That means more ad revenue (and faucet balance).



Hmm, yes but I, for example, have used the faucet and played the game for an a hour and I was able to make almost 5000 credits and that's only using 1 credit as initial bet, I can't imagine what would happen when someone can bet more, he could use a bot and get a net profit of 20k-50k per hour depending on luck and initial bet, I don't see how you are going to be able to cope with that but hey if you can, congratulations. As I said the site is pretty cool because of the +EV games.
put into perspective, thats at most 20 cents an hour, which is completely not worth the time and effort that might have been put into it and a complete waste of time imo. its funny how even then, a lot of people will claim playing with the faucet is profitable and "worth the time" no matter what because it enables them to gamble.

Well if he can detect botters then no it's not going to be worth it, obviously but 20 cents an hour are 4.8 dollars a day which is 144 dollars a month, thats for 1 user only, it's not a huge amount of money but you can see why it can be a problem if a lot of users do it, right?
thats not even guaranteed though, keep in mind that gambling is completely random, and the bot would have to manually withdraw and take out any fees that come with withdrawing. in addition, take into account the electricity costs of keeping the computer running with the bot. chances are, youre spending more on keeping the computer running than youll make from doing that. its a waste of time.
11  Economy / Gambling discussion / Re: Gambling can be profitable in the long run! It is possible! on: January 20, 2016, 11:32:39 AM
The casino is not built to be a money making place, so you have the wrong idea what a casino is. It's only a game industry like video games, etc, where you buy the experience of the game. Thats all it is.
why would you even say something like that? are you stupid? of course a casino exists to make money, its a business. if it existed for entertainment like your delusional self says, they wouldnt kick out card counters, they would just throw money at whoever walks in, and they might even allow blackjack players to look at the entire deck while playing. its a business to make money, nothing more, the entertainment is there to keep people playing and losing.
12  Economy / Gambling discussion / Re: How to stay away from gambling? suggestions ? on: January 20, 2016, 11:29:28 AM
There are many sources to help keep you away. Just google gambling addiction help. Many are free
thats only if the addict is willing to seek help, most of the time they wont. after all, why would they try to get away from the only thing in life they enjoy? its the same with a drug addict, unless theres some huge event that changes their life, chances are theyll keep chasing whatever it is theyre addicted to until someone else helps them to stop.
13  Economy / Gambling discussion / Re: Gambling can be profitable in the long run! It is possible! on: January 20, 2016, 11:23:26 AM
yeah my husband makes money at poker but it has made him hate playing it.

He calls it a grind and no longer fun. Sports he is up and down and I lose
most the time when I try and have fun and gamble (unless its vegas slots)

I have won the 2 times I have gone lol. (lucky)

Poker games, that too player against player is highly skill based, over gaining some experience with it, you can manage to make some profits like many gamblers explained here.
Poker games and  sports betting are known for profitable in longer run. Because with your experience you become veteran gambler to predict accurately.
being a "veteran" has absolutely nothing to do with how accurate your bets will be, your success on sportsbooks depends on your research and ability to judge the value of the bet if the sportsbooks's given values are incorrect. by doing so, you can ensure yourself an edge and maintain +EV in the long run and profit.

Some casinos give you better odds if you have higher ranks.

For example in real casinos, slot machines range in house edge from 1-30%, and have max bet size. The casino could offer you to play with 1% house edge ,and say 10,000$ max bet limit if you are veteran, while only let you play 30% edge and 100$ bet limit if you are new.
theyre not truly better odds though, they just reduce the edge for you a little bit, and most of the time its not even enough to make that big of a difference. its just something thats there so people will play more and lose more if they want to obtain vip status or something. if the casino is offering it, chances are theyre making a lot more money off of it than youre winning from it.
14  Economy / Gambling / Re: What makes PrimeDice the best? Or one of them? on: January 20, 2016, 11:21:40 AM
My sense of trust and security are important values offered by primedice in attracting users. he is a trusted site. I believe .
trust and security are important, but the biggest factor is being established. in this case with primedice, its a site thats been trusted and been around a lot longer than any of its competitors. in short, theres no reason for players to go anywhere else when theres a perfectly fine site to play on already.
15  Economy / Gambling discussion / Re: Gambling can be profitable in the long run! It is possible! on: January 20, 2016, 11:18:19 AM
yeah my husband makes money at poker but it has made him hate playing it.

He calls it a grind and no longer fun. Sports he is up and down and I lose
most the time when I try and have fun and gamble (unless its vegas slots)

I have won the 2 times I have gone lol. (lucky)

Poker games, that too player against player is highly skill based, over gaining some experience with it, you can manage to make some profits like many gamblers explained here.
Poker games and  sports betting are known for profitable in longer run. Because with your experience you become veteran gambler to predict accurately.
being a "veteran" has absolutely nothing to do with how accurate your bets will be, your success on sportsbooks depends on your research and ability to judge the value of the bet if the sportsbooks's given values are incorrect. by doing so, you can ensure yourself an edge and maintain +EV in the long run and profit.
16  Economy / Gambling discussion / Re: How to stay away from gambling? suggestions ? on: January 18, 2016, 06:46:36 PM
Quote
This maybe a bit off topic but I want to say this : So all this time you already know how to stay away from gambling , what's  the point of this thread if you already know the answer to your own question? Huh Strange.

Will a crack addict stay away from Crack?  probably not.
If you have a gambling addiction, by all means try playing basketball... But when you go back to gambling SEEK HELP

well if it is an addict, even going to try other methods, he will still be addicted to try to go back to gamble. distraction is actually not a gd solution.
its a temporary solution at best, an addict will never voluntarily stay away from their addiction, you need to forcibly keep them away.

To stay away from gambling you must need a iron like heart. Because controlling your emotions is not an easy task. May trail accounts and faucet earning provide some substitute to your addictions.
something like that doesnt exist for addicts, getting their fix is the only thing that matters in their life, and playing with a faucet or something is the worst thing they could do, thats just feeding their addiction, and theyll want to come back and play more. the only way is to have another person or people forcibly cut the addict off from all gambling.
17  Economy / Gambling discussion / Re: How much can you earn with gambling? on: January 18, 2016, 06:38:15 PM
gambling isnt work, unless youre a professional poker player, but even then the income might not be steady as that would depend on your luck and opportunities to win.

The "steadyness" of the incoming in this case would be directly linked with your skill level, and the type of poker you are playing.

For example, the incoming of a someone who multitables 9man cash games or 1 tables sit'n'goes will be pretty damn steady, but it will be a massive grind. Hours or work that will take a ton of stamina.

Its a different story for players that focus on playing large tourneys with huge prizepools, they can have streaks of breakeven and losing months very easy.
which is why it qualifies as work for the few that are skilled enough where they can treat poker as a job and make a decent living off of it. maintaining that level of play to consistently turn a profit takes incredible mental endurance, its far from "fun" for these people. for the majority of addicts here that claim to gamble for fun though, its more than a bit likely they will never maintain a steady stream of winnings and even come close to thinking of poker as a job. 
18  Economy / Gambling discussion / Re: Paid to gamble on: January 18, 2016, 06:33:42 PM
It still puts the gambling addiction in you. So later in the future you will be more likely to deposit and play.

Well, OP already said his site does not allow users to deposit and also will never allow deposits. BTW, I do agree with the others that the site should be classified as a gambling site, as it is pretty much like someone going to PD and only playing with the faucet money.

Yeah in the end you will get ban from them because of abuse their faucet. Btw if deposit is never allow on this site I dont think it will never called gambling then because you dont really use your money to do things just like faucet that give you 500 sat each hour or something like that
Why would I ban someone?

Isn't it normal that someone who "abuses" (by using bots/multiple accounts) gets banned?

This is just like those app on game store , free digital money for you to play and you can buy free digital money with real money ..
We don't sell any credits.

I tried it and it's really cool but as people level up and are able to bet more, won't you end up loosing way too much money? I mean I know you have ad revenue but it's not going to be enough, I still feel like there is some kind of trick that you are not telling people.
I am good at creating demand for products, that's all.
There's no tricks here. Everything is legit Smiley

I'm going to add more games, which means more people will be coming on the site. That means more ad revenue (and faucet balance).



Hmm, yes but I, for example, have used the faucet and played the game for an a hour and I was able to make almost 5000 credits and that's only using 1 credit as initial bet, I can't imagine what would happen when someone can bet more, he could use a bot and get a net profit of 20k-50k per hour depending on luck and initial bet, I don't see how you are going to be able to cope with that but hey if you can, congratulations. As I said the site is pretty cool because of the +EV games.
put into perspective, thats at most 20 cents an hour, which is completely not worth the time and effort that might have been put into it and a complete waste of time imo. its funny how even then, a lot of people will claim playing with the faucet is profitable and "worth the time" no matter what because it enables them to gamble.
19  Economy / Gambling discussion / Re: Gambling. Is It Wrong? on: January 18, 2016, 06:27:14 PM
Offcourse it's wrong.
Suppose you are gambling and you are losing your house. Offcourse you will play again to win your house back.

For some people gambling is a way of entertainment. So no it's not wrong.
You can't blame a game, you should blame the player.
Since they can't handle their responsibility.
it should qualify as entertainment for the excessively wealthy that actually have money to spare, not the people on this forum that claim they can "afford to lose," theres a big difference in wasting time gambling less than 10 dollars every day on a dice site and actually gambling. in addition, its also most often that these people to claim to "play for fun" are the most addicted, and end up throwing away whatever they think they "can afford to lose."
20  Economy / Gambling / Re: Unique Gambling Game on: January 17, 2016, 11:29:35 AM
Hey!

I've been thinking about setting up a gambling site. Hiring the developers and making something really unique.

I'm just out of ideas. I was wondering if you would have any ideas about gambling sites I could do? Mostly looking for something really unique, which functions well.

Thanks
just remember, just because an idea isnt being widely used means it will be successful, more often than not a particular idea isnt mainstream because there is no demand for it. even if it was to be made, it might not be successful without an interested playerbase. in addition, it isnt easy for a new service to become popular with so many established ones already without a lot of money poured into advertising.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 61 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!