I completely agree with your point about the odds in red and black betting. I have also noticed that while betting on dice or Hi-Lo, if a player gets “low” that is less than 49 two or more times in a row, they often assume the next result will be “high” that is above 49. However, in reality, the probability is still 50-50 for each independent bet.
That’s the typical gambling fallacy which many gambler believe since casino games is pure random while some preferred something as guide that’s why this illusion was created. There’s also regression to the mean which at some point the result will balance to the suggested percentage but that doesn’t each bet was connected to each other. We can’t determine on what size of bet it will balance the result assuming the game is fair to their probability. Without gamblers who think that way, gambling would never be fun. Part of the excitement comes from being superstitious—or maybe even a little foolish—and believing that we can win. That belief keeps us searching for new strategies, and the challenge is what makes gambling entertaining. Without that challenge, there wouldn’t be much reason to gamble. People may call gamblers stupid, but they’re also the reason the gambling industry has grown so much. |
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My general rule in betting is to go against whatever the announcers or so-called popular experts predict, because most of the time, they get it wrong. It’s the same with former NBA players like Charles Barkley when they give their playoff predictions. I usually fade his picks, and that strategy has been profitable for me.
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It would be more convincing if that 3.7M is the number of gamblers being blocked. But since its the gambling websites, I find it more odd and not reliable anymore. The government can always rigged their news if they really want to, they have all the access and strong connection to the news media, because that will serve as another achievement of the current administration.
Si I don't fall for this kind of news. This might only threat those innocent people and innocent gamblers as well.
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Even if the people would want to save, the fact that they only have limited income, limited purchasing power, then saving would never be seen as top priority. Their income may not be sufficient enough to cater to all their basic needs, so saving would most likely be impossible most especially in times of inflation.
However, while no time or means for saving, investing on the other hand should grow its demand. The higher inflation will hit us, the more we should ensure to enter an investment so that once it pays off, we will have an additional income, aside from the limited amount of salary we are getting from our job.
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I have known it for long already. That's why if you keep chasing your luck because you have seen chances to keep winning or you believe you are bound to win more, then be careful with that. That will be your trap, once you fall for it, its like you allow yourself to lose more and endure bigger losses in the long run.
As much as you control you bankroll, control your emotions as well. FOMO will always lead to a negative impact, most particularly in gambling where becoming greedy is highly inevitable.
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Investing in bitcoin for profits alone is useless, you will lose it all along due to blind investing.
But if you invest first in yourself by acquiring knowledge and strategies to ensure long-term profitability, and avoid the threats of panic buying and panic selling, rest assured you will not suffer losses from investing in bitcoin, but will only maximize your potential profits especially if you managed to hold your coins for an indefinite time.
Bitcoin is special, its a highly profitable asset that grows its value on its own, but those who blindly invest for bitcoin will never see it that way but might experience the inevitable losses especially if they only come for short-term investing goal.
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While climate change and global inequality are what comes first in my mind, however inflation remains a subjective economic concern which I think isn't just a passing by but will definitely stay for good. The rich and wealthy ones still feel somehow the effect of inflation, but the extremely poor individuals will be highly affected here since their purchasing power will definitely be completely compromised.
The key here, if you don't increase your source of income, you will surely be living in struggles. But if you have multiple sources of income, still inflation is a threat but its never that's a big issue for you.
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In fact, if I remember correctly, MJ once said that Kobe was the player closest to him. I do not remember him saying the same thing about LeBron or any other player. That is another reason why I still see Kobe as being closer to MJ.
I think this is the statement.. Michael Jordan lists players he'd want to play 1v1; "I don't think I'd lose- other than Kobe Bryant because he steals all my moves"And I agree. Watching Kobe, you can really see a lot of MJ in his game, so that comparison feels valid, especially since it also came from MJ himself. LeBron is great too, but his style is different. He is bigger, taller, and more athletic, and he was clearly gifted with those physical advantages. He has also won championships and built an amazing career. But in the end, there can only be one GOAT. It all depends on who each of us believes deserves that title. |
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For me, the first lesson I learned was that trading was one of the jobs that needs a lot of monitoring, and I think that's one of the reasons that I stopped it. It went to a point that I didn't sleep for a day, and I missed going to work because I was too groggy to go.
Anyway, one of the good points there is number 5. The waiting game. How long of a patience can a trader have. It's not like it will move according to how we predicted it. There are instances when it will come late, so we cannot panic and just sell out because we are losing. Reading the market is very important in those instances, and I think the decisions will be crucial at every point of the trade.
That's the reason why trading is not for everyone, it requires more time and attention, aside from having prior knowledge and skills, even if means having sleepless nights so you won't miss certain opportunities in trading. Some are still good and flexible enough to manage their time, while others could possibly be trying hard for the sake of future profits in trading. Patience is a crucial factor in trading. If you can't be patient, hence you will most likely find it hard to timing the market and find perfect opportunities to trade. |
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Because you won't lose from HODLing, unless if you decide to sell your coins at a lower price or you end up panic selling. And the fact that you do nothing than just hold without thinking of trading or mining to secure profits, makes it less stress and less pressure. As long as you wait patiently while looking for the perfect timing to sell, then losses are far from happening.
HODLing is also a smart investment strategy because it gets rid of destructive emotions that will hinder the future profits of your investment.
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I guess if a gambler would never mind taking a break from betting in slots, eventually he will hit a max win, but that does not lost the fact that he have been losing a lot prior to hitting a max win, so its not still financially healthy. Long term betting in slots will never go a long way. Even if it comes with discipline and small betting amount, losses still end up painful losses.
I have stopped betting in slots for a while, not because I wasn't able to hit a max win, but because slowly my losses have become more visible and its not making me excited at all.
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Gold has remained a store of value until now, and it is widely successful these days. Same with bitcoin, if no one would plan to spend but only focus on accumulating bitcoin for long term, bitcoin will still be successful as a store of value but its a failure when it comes becoming as a global currency or a medium of exchange.
But anyone who buys bitcoin spends too. So its hard not to spend bitcoin. Bitcoin investors do spend their bitcoin in order to grow their bitcoin portfolio.
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In fact, just because you are a good worker, doesn't mean you will be a good business owner neither. I personally am not someone who could make a lot of money with my own business, I have accepted that long ago. In fact, my boss is such a great person that, if I ever had money, I would give it to him to be his partner instead of go start my own business. I rather make money by being partners and just step away and do nothing and let him handle it, instead of being like him, because I can't.
I have SO many possibilities, in fact I have options if I wanted to, I have connections that can make me so much more money, way more than what I am making right now, and yet I am not doing it, because I do not feel comfortable being a business owner myself.
That only proves that you can't be the same good and competent in different areas. Being a good worker does not guarantee a good entrepreneur as well, that's not how it works, but everything can be learned in time. You can be good and skillful in both, but you need to exert time and efforts to make it happen as it won't be possible to appear overnight. Let's just accept the fact that you we all excel on our own ways, and most of the time, if you can't be good with one, then maybe you will excel on the other. |
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I also love the dark mode feature, not just on the casino or when I’m gaming, but also in every other apps on my phone or PC, and if it were possible, I’d make everything on my phone dark mode, but one thing about the dark mode feature is that it is not always that helpful when you are outside of your house, especially when it’s sunny, you’ll have a hard time seeing through the dark mode, except you switch over to light mode
Dark mode seems to be the usual design for most online casinos. They often combine black with colors like green, orange, or blue. Maybe they use it because it is easier on the eyes, especially for gamblers who spend long hours playing slots. I also notice that many sports betting sites use a dark background. Since there are so many betting markets and numbers on the screen, the dark design probably makes everything easier to read and less tiring to look at. |
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Classic game. I also had some of my biggest wins on that game, including a max win. But after those experiences, it never happened again, so I can really say that it is mostly based on luck.
It does not matter whether you are a new or long-time player. When luck is on your side, you can still hit a big win.
As far as I remember, I got more than a 1,000x multiplier on that one. But since I had already reached the max win, I could not win anything higher.
I am not sure if the max-win limit changes depending on the casino or if it is set by the game provider itself. Correct me if I am wrong.
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Exactly. And that makes trading more risky because not all traders can perfectly control their greed. Their greed is their sole motivation to never stop trading, and for me that's fine, but trading with high greed is something that one should stop doing because it does not create long term profitability, but rather bigger losses instead.
However, I still believe that traders eventually learn to control their greed after long exposure in trading. They don't like seeing them in constant losses, so they will do everything to get rid of greed as much as possible.
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But most of those who come early in the market are those who trusted first with bitcoin, which means they are those that have long term conviction in the market. Newbies that enter the market when bitcoin price has already become significant, they are just here because bitcoin is in trend, not because they have seen the real potentials of bitcoin from the very beginning.
Having long term conviction in the market is the final goal. And not everyone is capable to develop long term because most of the bitcoiners these days when they experience losses, they eventually get rid of the market.
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It's mathematically impossible for an entire economy to run purely on passive income. If everyone is just extracting yield, the actual production of goods and services grinds to a halt.
The market would eventually make asset yields crash to near zero, and wages for actual labor would skyrocket. At the end of the day, your passive income exists because someone else is out there actively working.
Well said. If there are no active workers, the idea of passive income will never exist. How would you expect to profit when everyone else around is also waiting to profit? So there must a be a division of people, those who are actively working and those who are funding cash to make such investment works. Otherwise, the whole world will crash and the economy will collapse. And you can't expect that passive income will continue to be profitable in the long run. |
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Some losses are not meant to be recovered, they end up just part of our gambling expenses, so don't bother thinking of recovering anymore. Its better if you have a mindset to gamble is to lose, or gambling for the sake of entertainment so that once you incur losses, you will never think of means how to recover it.
And let's face it, majority of gamblers are losing their money, very few only have come to recover their losses. If you gamble and feels luck is out of nowhere, then don't expect anymore that by any chance you will recover your losses. Just gamble on your spare money, so that losing it will never be an issue.
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I'm not into hunting bonuses or bonus abuse because it seems to me that it only serves as a trap.
The fact that we should hit the strict wagering requirements first before betting, that's already putting the advantage to the casino especially that it holds no guarantees that we will win from it after. And most of the time, we lose all our deposits first before making any wins, so that's likely giving all out advantage to the casino and see yourself still losing in the end.
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