We know the risk and it's a high risk activity and yet we are still doing it, that is because we are hoping to win some good amount of money to change our lives.
Some people here claim it shouldn't be risky but it should be fun, something recreational ... do you see any fun in it when you lose money? Most people gamble because they wanna win, not because they feel like throwing away $5 on some game ... yet the gambling industry, if you lose, will blame you for doing the "wrong" thing, for not playing for recreational purposes. Gambling is not designed for a risk of $5 or $10, it was designed for people to steal money in order to fund this habit. |
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Actually I am not a hater of gambling but the real fact is people making it as a bad thing by doing it in a wrong way so I just mentioned some thoughts from mind,nothing to offend anyone.  Sorry for my attitude, I just tackled lots of people in this forum who love to blame the gamblers for everything. Yes, if a person makes a wrong decision he should be responsible for it, but enticing weak people (e.g. sending emails to people who want to stop gambling, using TV ads) - this might be legitimate and legal, but it's very unethical. |
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Making a poll would help you to know if how many would agree.
BTC has maybe touched $4,000, which sites you are using as your reference?
it's not a big deal to me, I know one day it will touch over $4K, the patience will remain and we have the full year to do that.
The bull run may come now or not but I'm hoping this year we will see a real bull run.
In case you will add a poll, count my vote as no.
There is no option to add a poll, how can we add it? |
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All the disadvantages you mentioned will only happen only if the intention of gambler is to make money so no one can't be blamed...
It's "no one CAN be blamed" (not can't). And anyone who gambles is subject to become an addict, there are countless stories about people who just tried to gamble with $5 and ended up losing their life savings and more than that (e.g. Justyn Larcombe). You treat these disadvantages as if they are symptoms where the patient needs to be blamed for - whilst the gambling industry washes its hands clean off this - tell me something, Thanasis, are you part of the gambling industry? Do you run a gambling website? I don't mind people discussing this topic but stating unscrupulous statements and making them seem like facts is despicable. |
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This person started a thread about benefits of gambling: https://bitcointalk.org/index.php?topic=2047546.0btw in English you say "benefits from of gambling", not from. I would like to open a thread about the opposite. Here are some disadvantages that come to my mind when gambling is involved, I did not copy-paste any text from anywhere, this is purely my own thoughts about it: 1) Gambling brings you loneliness, or makes you feel alone or want to be alone, it can isolate you from society or from other important events in your life. 2) It can suck your energy or your happiness, it can get inside your head and won't leave you alone until you gamble again. 3) Not to mention it can can destroy you financially, you can lose a lot of money in a matter of seconds/minutes/hours/days. Some stories show how people lost over millions of dollars in a matter of hours or days. 4) Gambling can also destroy you individually, not only financially, you can lose your family, your job, your friends or relatives. All in all gambling is a losing proposition, these drawbacks weigh much more than any possible benefits you can ever come up with when it comes to gambling. |
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Really two days ago I thought it was bullrun but today I figured its just an correction ,it would have been better though if bitcoin breaks the under 4000$ bottom but bitcoin far from failed tech
No one said it's a failed tech. FYI - we run 4 faucet sites based on Bitcoin, Ripple, NEM and Cardano. We believe it's a revolutionary thing, but nonetheless the price seems to be too high (and not too low) - which is a speculation, but it could be true. |
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Get-paid.com says, You can get paid with PayPal, Bitcoin, WebMoney, Amazon gift cards and more! ....but he is bashing it for being a failure.  We are not against Bitcoin, the speculation of a price is not the same whether you support Bitcoin or not. And regarding the nature of this thread - this entire forum is full of speculation, you can see every hour a new thread with headlines such as "Bitcoin will be dead", "Bitcoin is back to life" etc. - do you have anything personal against our site? or you simply just look to argue with other users in the forum? |
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Until now I haven't seen anyone challenging this method.
I'm wondering if anyone has any challenge or any feedback on this?
The thread is from several months ago but it's still relevant to now, especially with so many betting agents out there.
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Not a good strategy mate. Looking at the odds, you need to make 250-500 bets to win 2x. IF you lose even once, You are going to go down.
Correct. If you want to get something that a little bit more "edge" for you - try the following: https://bitcointalk.org/index.php?topic=5089805.0I've documented many bets in this thread, this might be the only way to "win" long term in gambling ... you have much better chances to win like this and also you don't have to wait 90 minute for the game to end. BUT, Like any other event, it's risky and it's gambling - but your chances are much higher to gain something if you follow this link. |
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**All of the above is a pure speculation.
i wouldn't call anything that you said "speculation", it is only your "opinion" based on your assumption that bitcoin is useless and is not being adopted by anyone at all and is dying. What's the difference between a speculation and an opinion? Aren't these the same? You could speculate that Gold will rise to $2,000 and you can have an opinion that it will rise to $2,000 What's the difference? |
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Bitcoin is almost touching $4,000 and it had a small rise, but the factors that brought Bitcoin down from $20,000 to $4,000 are still there.
The price of Bitcoin seems to be too high even @ $4,000, because there isn't any fundamental behind it, the price of Gold also had a huge rise to $2,000 several years ago but it dropped 50% of its value pretty fast.
Today Gold is stable around $1,350 per ounce ... but Gold is a scarce resource, a physical one ...
Bitcoin is not, it's just means of transferring money from one to another and it has lots more competition.
So these fundamentals show the price is still bearish, the small rise from $3,600 to $3,950 is probably a correction in the market.
Does anyone agree?
**All of the above is a pure speculation.
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Any updates about this one? Any recent experience etc.?
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Many thanks for the replies and info over the weekend guys!
...
To answer your premium charge question on betfair,they very cleverly market the exchange as a "5% commission paid on winning bets" as they're general rule of thumb.
However the actual reality is that for a long term winning bettor on betfair their pricing structure and premium charge means you will pay a MINIMUM of 22.5% ish in commission,staggering I know! (I generally hover between 21% and 25% myself....21% means I'm on a good run...25% makes me cry a lot lol)
Hi Josjac, I'm glad my initial post here in this thread helped you (and maybe others) see there is an easier way to bet in "BetFair" using Bitcoin. Using agents is simply next to none, you won't get any better than this. Now regarding the commission - I know with Orbit the commission is 3% flat, so you would never pay more than 3% on your winnings - so in that case this is better for you than using BetFair website, isn't it? |
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My data shows that they did not. 5 minutes prior, they only had the Over 314.5 line. Could I see your data that proves they provided it? After all, it's "proven and it's a fact". Also, how is this related to having poor odds?
I didn't take a screenshot but I saw it 100%, are we talking about the same site - Pinnacle, correct? Not Nitrogen. |
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It isn't Nitrogen's fault that Pinnacle had no alternatives when you checked the line. My historical data verifies that buying points was unavailable for about 36 hours after Over 311 shifted to 1.87. Pinnacle allowed like you said to buy/sell points before the game, Nitrogen did not provide this, not even 5 minutes before the game started. That's proven and it's a fact. Why aren't you selling points on every event? If a 1.64 odd means that the line is still 50% probability, taking the other side @ 2.36 gives you an 18% +EV bet. Think of all the profit you could be making!
Oh wait - it doesn't work that way.
If you have a 220.5 line and you bet over 223.5 or under 217.5 for 2.36 your'e still taking a larger risk, because many times the end result is near or around the line itself. But, if you have a perception that the line is completely way off (which again - is a gamble and a risk) - then by all means hit it even with 3.00 But none of us could tell how things would really go, in fact the oddsmakers have insiders, it's a well known fact as well, in big events they could easily rig/fix the game if necessary, it's not very common, but it could happen... which is why the odds are always but simply always stacked against you. |
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Anyone with some plays for when the NBA resumes on THURSDAY?
I see MIL and GSW at home being possible options depending on the point spreads but both play well at home.
Cavs Suns total right now (way early) is 219 pts. Seems too much for these 2 teams who barely know how to score. |
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People nowadays tend to forget the real meaning of this industry. Most of these gamblers turned to addicts
I don't think it's fair to blame the gamblers in this. The gambling industry is just like the Tobacco industry in some way - those who started smoking never wanted to become addicts but they have become addicts to smoking. The benefit for smokers is there are nowadays millions of ways to get out of it, the industry got crucified for what it did, smoking is not allowed in many public places, and the public is aware of the dangers associated with it. Gambling on the other hand is a loneliness disease, the person affected might not even reflect to its surroundings he/she has a problem. The people who started gambling never wanted to become addicts - but the system is built in a way that calls you to bet more and more and more. So "forgetting the real meaning of this industry" is a false definition of what this industry reflects - this industry is built upon and preys on the weak, the industry is here to serve the house and a small number of people who benefit over thousands or even millions of people being affected by it ... the industry is not scrupulous by any means whatsoever. |
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The over lines were never at evens when you checked. When you saw 1.87, the Under was at 1.97. This is a 4.2% margin which is only slightly higher than Pinnacle's 3.6% and understandable for a game that sportsbooks can't very accurately price. This is consistent with other sharp books. All books shifted the line upward (likely due to sharps hammering the over), and Nitrogen's volume is almost certainly not high enough to cause line movement. The Over 311 line also started on Jan 15 as 1.93 evens on Pinnacle, so 1.92 evens on Nitrogen. Not their fault you didn't bet early enough. I highly doubt any book offered 1.93 or higher when Pinnacle was down to 1.87 as only slow moving sportsbooks would still treat the line as evens and they generally run 1.91 or lower evens.
If it was 1.87 evens, then you can complain. But, that was never the case when you saw the line, and if Over 311 was a 50/50 bet, then you'd get 1.92 odds from Nitrogen. This is like complaining that they don't give you 1.92 odds for a full Manchester City squad to beat Huddersfield in the EPL (top team vs bottom team), which is very reasonable as the chance is not 50%.
Pinnacle allowed you to buy a point or sell a point for higher odds, just like they do with all NBA games - but Nitrogen did not allow it this time. For instance, when the line went up to 313 you could have easily bet OVER 315.5 for over 2.XX odds in Pinnacle but Nitrogen (1) did not offer these options (2) had the stakes limited to half a Bitcoin. Also unlike Pinnacle, Nitrogen doesn't allow you to bet 0.5 BTC and then place another 0.5 BTC ... once you hit the limit you can't place any other bet until the limit is raised - Pinnacle does allow you to place several bets on these big events. So the comparison you made to Pinnacle is not similar neither for these reasons. |
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Is op suggesting that the owner of the gambling business is fraudulent or something?
Guess there is something special about her gambling centers that makes gamblers attracted to them?
I guess this is one of the reasons people should embrace the blockchain gambling
I am the OP and I am not suggesting the owner is defrauding other people, however the type of business she's running is an unscrupulous business, however you want to look it - now you can be an affiliate, run their promos, promote Bet365 and like the old saying "if you can't beat them - join them" - but all I'm saying is that this way of making money is in some way dishonest (not fraud), it's unscrupulous, it's not something I would be proud of if I was in her shoes. |
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