Gambling is now a way to earn money and most people are beginning to take betting as a means of income, those with good skills in odds calculation and accumulation are constantly winning and making profits from their activities
This is not true and I humbly urge you to stop spreading such misconceptions. No one should look at gambling as a reliable source of income even if some people make a lot of money from it. If they did it's because they were lucky nothing more. Being skilled may give you a small advantage but won't let you win all the time. A minor or a new gambler may get mislead by your statement and lose his money by gambling more than he can afford to lose. I agree, gambling should not be looked as a reliable source of income but the thing is some people looked at it that way. We cannot deny the fact that people in desperation to have a source of income is now turning to gamble as means to earn money from winnings. Some are successful but the majority lose money instead. Aside from that gambling industries like casino and sportsbooks earn from hosting gambling. So we cannot deny the fact that gambling is indeed one way to earn money from casinos and from bookmakers' point of view at least. It shouldn't really be looked and treated as reliable source of income because clearly, it isn't. While you can earn from gambling, it isn't a sustainable income generator. You could be lucky at some other days, but it isn't the case everyday. There will really be times that you will experience losses, and it's totally normal. This is because of course, gambling is risking, there's always a specific percentage of winning and losing. It's just a matter of using the right skills, knowledge, and having the odds side on you all at the same time. People look at gambling as an easy way to generate money, but it isn't especially if you are still a newbie. You have a lot to learn - the do's and don'ts. Having the right perception also helps in someone's gambling journey. Correcting the myths and the "people told me that" mindset after verification and clarification based on facts will play a significant role in someone's drive to gamble. It is one way to have additional source of income, but is is risky since it is not stable and your earnings would vary depending on the season, your skillset, and luck overall. |
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Hey here. I want to try myself in casino playing, but I am really afraid of being scammed. Few years ago I lost a huge amount of money that I saved for a long time..
I also experienced the same thing as you but I didn't save much money in the casino, almost all casinos will freeze old inactive accounts and usually they will contact the owner to immediately withdraw money from the casino or give a warning, maybe you missed it, but there are some casinos that help to recover your funds and account , I think you should try Stake casino Casino typically doesn’t freeze inactive account but rather they charge a fee for every balance left in the casino wallet until it was depleted and this is the time account will be closed but all processed will be notified by an official email especially the notice before they apply all the actions. In OP case, he doesn’t loss his money just because he became inactive on playing. You misinterpreted his words about his money that saved for a long time that it was deposited in the casino for a long as the reason it became lost. I believe he plainly lost his long time savings to scam casino which is the reason for creating this thread and not your assumption. I agree with this. Casinos do not necessarily suspend your account the moment you become inactive. Unless of course you have done something against their terms of service, which in that case, suspension or banning of account is justifiable even if it means you have funds in it. Once the casino proven that you are conducting fraud o other illegal activities that are clearly prohibited as per their policy, they can do what they deem is necessary in your account including freezing, suspension, or permanent ban. However, in this case, it's unlikely that kind of scenario happened. It seemed like OP really had a rough patch in finding a safe and trustworthy casinos in which the reason why he got scammed. Being easily encouraged to enter and play into a newly founded casino is the most common fault of the newbies. Some beginners don't know how to do background checking, which I think OP neglected to do as well. Although it's a good thing that now he is already reaching out to ask for help and for good suggestions on how he can find a reliable casino to play with. But to OP, please still countercheck the information before fully believing in it. Otherwise, you'll just repeat the same mistakes. |
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It actually doesn't make sense for new brand casinos to come into the scene while offering those same services, features and concepts, because gamblers already have everything in well consolidated and reputable platforms. For new casinos it would be interesting if they innovate the industry, like the casinos I mentioned before did when compared to the early dice websites we had in crypto universe.
You are right. If a new casino is going to be a copy-cut of all those well established casinos then it will fail as no one will be tempted to play there. They need to come up with new catching ideas if they need to stand out from their competitors and attract customers. The competition is very tough in this field and having a different design is not enough, a new casino have to offer new games, more and better bonuses Indeed. Casinos need to make their own name and reputation. They should establish their brand and the quality of services they are offering to their players. If the emerging casinos will just keep on copying the existing ones, what's even the point of being established when there are other casinos that can cater the needs of the gamblers already? Casino owners have to innovate to keep in pace to those casino that has been founded long before. They need to address the issues and concerns of most gamblers, the needs of the gamblers, and those services or game variations that are lacking on other casinos. Being unique is important for a business to continue operating. Uniqueness is needed to encourage players to try your site and to retain them in playing in your site. If a casino won't be able to do it, then they know what will happen next. |
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- Parlay: A parlay (also known as an accumulator) is a combination of multiple wagers into one single bet. Each wager, or leg, must come through for you to win a parlay. Parlays are much riskier than betting on each game individually, but you also get better odds. In addition, you can wager on more events with one stake.
Would be happy if other veteran gamblers can add any gambling type that I may have missed. I am not a veteran gambler, i am more like a newbie though all the betting types mentioned in the OP isnt new to me, Parley is the most interesting for me, infact, i always prefer to parley my betting as this give better odds and depending on how many games that are combined into one parley, one could stand a chance of turning a very little amount of money into something really huge, but on the other hand, the risk is always very much higher too as any wrong bet destroys the entire ticket and it doesnt matter whether every other games went through as predicted. parley betting are best done with small amount of money laying around on ones account that he or she don't mind losing, using really huge amount of money to parley bets is a huge risk which i dont think professional gamblers would even take. Parlay betting is really a risky once. If you are not ready for losing your money in an instant, then don't do this. This is because the probability of winning is far lesser than losing in this type of bet. One small mistake would ruin your bet and you will end up losing all your hard-earned money. If you are after the thrill, this one will be an exciting one for you. Unexpected turn of events could either make or break your bet. If you want a rush pump of blood in your bloodstream and if you are hungry on winning a huge amount despite betting not that big, then go for it. Otherwise, just don't take your chances because you might end up regretting your decision. The main thing why parlay entices players to do bet is the possibility of winning a big amount just like in lottery. While it is common, I don't really suggest for newbies to do this unless they already have enough knowledge about it. |
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This is a great list containing slang terms which are commonly used in gambling that newbies should know before continuing their gambling journey. Knowing these terms will surely help them relate to some posts containing it as well as the daily conversations which gamblers engage. Being aware of these slangs will keep them on the same pace as other gamblers and could easily understand the topics presented to them.
All of these I am very much familiar with already except for two terms which are "beard" and "hedge". I didn't know the term "beard" ever existed in gambling. Good to know that there is such thing in this thread. I also don't know about "hedge" until today. I just knew the meaning of it but didn't really know there's a specific word to call it for.
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Could you kindly recommend virtual cards that online sportsbooks and casinos will accept for deposits and withdrawals without revealing my bank information?
You are lucky that the hack was unsuccessful, It is just the beginning of the new year, and that will not be a good way to start it. Since you already have this as a concern that maybe it was a breach in casino/sportsbook where you added details of your bank, why don't you just consider completely switching to crypto casinos and only using cryptocurrency to fund your account. I am personally always very careful where I put any of my bank information because you never know. This is possible. If the casino is selling the information on third party applications, most probably the personal information will be at stake such as the information of the owner himself and his transactions in that bank. Did you happen to read their terms of service and does it include a note that all private information you will give will remain confidential? If not, then it's a mistake on your end. In every platform this should always be secured because we are talking about information that could be used in scamming and fraud. In addition, hacking of account like what you encountered is one of the most common concerns since they knew the crucial details to be asked in accessing your account. Better yet, reach out to the casino and let them explain their side. If their answer is not convincing, then I suggest it's time to find another one who has clear reputation in which you could trust to. Otherwise, you'll just waiting things to go worse. |
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~ I'm sure those reputable gambling sites today won't do some sh*t especially the considered big ones already in the industry.
That's right, it's a bit different with reputable gambling platforms than with centralized exchanges, even with those used by millions. We've heard lots of stories about big exchnges disappearing with people's money, but I don't remeber a single one about something similar happening with a big and reputable gambling site. These industries are so different that I wouldn't expect a "domino effect" here. Big and reputable casino will avoid taking that way. The business is huge, and they are earning a lot of money from their patrons. I also believe that those casino owners will do their best to keep the business alive. Though we can't conclude since the future is not ours to conclude, maybe there's a small chance in which a reputable casino might disappear and runaway with people's money. This domino effect for now is not present to the casino industry. Reputable business owners are doing everything to assure that the business will continue and they will keep all those clients being satisfied while playing. Reputable casinos won't really vanish into thin air with their players money because they have built their credibility, reliability, and name for a long time already. They won't do such impulsive and selfish act mainly because they care for their patrons. These casinos that are well-known in the gambling industry surely are making millions of profits out of their players loyalty to them. Hence, betraying them will not be an option. I believe this will be the case for long time operating casino that has a well-established name to speak for the quality of services they are offering. While what the future holds is still uncertain to us, there's a higher chance that these reputable casinos won't do that damaging move because they'll profit even more if they'll continue operating anyway, instead of stealing the money stored of their players, which could be little compared to what they will earn on their daily operating basis. However, I also do not disregard the possibility that some casino might go bankrupt and do the unexpected to escape the consequences. The best thing to do here would be just always bet what you can afford to lose. The moment you deposit that certain amount in a gambling site, you are willing to take a risk . Be disciplined enough and be smart. Always double check whether a casino is to be trusted or not if you don't want to have any regrets. |
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I think OP needs to update the thread because I was really Intereted in this topic and to know how much was paid in compensation to the winner.
it seems like there is still no updated news about this. I searched around and found an article(quoted below) that was recently released but it is the same information that we got from the OP. anyway, it is possible that the complainant and the lottery have had a settlement in secret and were not covered by the media that's why we don't see an update. Another celebrated court matter in the gaming environment this year was that of the lottery brand Green Lotto and its agent, Charles Akhenanen, dragged before the Lagos State High Court over its refusal to pay a businessman his winning sum of N72,700,000.
Green Lotto is promoted by Brentwood Multiservices Global Limited.
The complainant, led in evidence in chief by the state prosecuting counsel, Mrs Titilayo Olanrewaju-Daudu, said after collecting the money he won at Premier Lotto, he went to Green Lotto the next day to claim the N72,700,000 he won, but the firm refused to pay him. Explaining its position, Green Lotto stated that the claimant, Sunday Nwachukwu, engaged in irregularities. Indeed. There is still no update about this till today. I've looked at the thread and there's no single update of the OP on what happened to the case he's fighting for. It really seems like they just met halfway to settle the issue once and for all, given the silence on the said issue. Although I really hope he never did because it is his right after all to get the exact winning prize since he got the exact combination. It's not his fault that their database got messed up right after the draw. They should always do their due diligence in every circumstances. In addition, he has the proofs needed as he told way back then, to prove that he got the winning combination and really won the lottery. If these were authenticated in the court, the more reason he has to fight for it and the company to pay him his winnings. |
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I think that there are quite a lot of game sites using crypto right now. What they promote here is almost 99% using crypto. Of course you can avoid untrusted sites and can use sites that get recommendations from trusted people in this forum. .
Casinos that are very active on the forum are hardly scam casino and any that have found to be a scam get flagged immediately so nobody has to be bothered about getting scammed here. Newbies should always wait on the feedback from the community before using any new platform that launches an announcement thread on the forum. We just have to be careful because scammers are everywhere to take advantage of you when you fall a victim of their scam. Casinos like 1xbit aren't to be trusted and we have others too so anybody wanting to gamble with recommendations from the forum should watch out for those been promoted by highly trusted members. Fair point. Most casinos that are reliable have a thread here in the forum to keep the connection between them and their players. This is to build a healthy relationship to the community in which their potential players and perhaps regulars could be lurking around. Credible casinos have established their names in the industry so most probably you'll definitely read about them from time to time. Getting the suggestions and advices before entering a casino is a good call especially for the beginners because the community could give feedbacks that could be helpful in deciding and to think whether if it is worth it or not. Engaging in an unknown casino site will most likely be a big mistake. Checking some feedback first before diving into it could make a whole difference. After all, there's just no sense in asking if you've already made a decision on your own. Taking precautions on scam websites which we also have a thread here in the forum should be done. If you happen to read many negative feedbacks, not just isolated ones, then think twice already. |
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Those who've seen previous bear markets, survived several winters, please share some hope and courage. This is not the end, right?  Buy worthy coins, like top coins. Also, if you know their worth in the long run, you can survive any bear market. It's about patient and perseverance, if you don't have those, you'll probably sell too early or in the middle, but I guess that's okay since it's yours, though you might regret doing that too soon. Try to find another source of income so you won't get bored waiting and you'll have the money to buy more. |
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It is true that if anyone starts a new casino business without having a large budget for the development of his casino, it will be very difficult to be successful. because the tough competition between casinos and others is very tough and if they can't survive, they will go bankrupt and close their casino business.
It can even be clarified here that even thinking about starting to promote and conduct advertising campaigns for a completely new casino on the market without a huge budget is simply not worth thinking about right now. It's just unthinkable. I think that those who take it into their heads to enter this market in a serious way are all just a rebranding of existing casinos that already had a huge experience in this market, which is very saturated with gambling services sellers. So it is extremely problematic for a new casino, even with a large budget, to occupy even a percentage of this market. And by the way, from the new casinos, I don’t even remember who has taken some serious market share lately. Like there aren't any??? Money is a requirement for growth unless you plan to go viral. And, if you plan to go viral your are going to have to test that your product has effectively viral characteristics and is able to grow on its own mostly without any further investment. So planning for campaigns of a new site is pretty much a requirement if you intend to have a real business and not a try-out thing. And by having that money, casinos can expand to be bigger, especially in terms of promotions because they will be more flexible in introducing their casinos to other places. This will help them to grow more rapidly and be able to get additional members. Even though the casino is a new one, it can compete with the old ones, especially if they have a lot of money that can be used for promotion because a business can grow well depending on how the business can promote. Maybe casinos need to find out what type of promotion can help them grow their casino so they will try various ways of promoting until they find the right way to promote their casino. Promotions could only do so much. But the overall feature of the casino is what will make it reputable, credible, and make it stay operating in the gambling industry for the long run. Promotions are great way to introduce your casino brand. It can help gather players that could potentially increase the traffic in the site and eventually be your regulars. However, for me, the visual appeal, the complexity of navigation, the processes of transactions, and the customer service care are what will retain the players and eventually make it grow bigger and more widely known. If the casinos can establish this, surely they can compete with other casinos who were earlier than them to make a name. |
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Most time i gamble for fun. Sometimes i need to take a rest and get positive emotions and gambling is a good choice for such purposes. I don`t spend much money and that`s why i can`t say that i have big wins or loses. But 2 times i doubled my deposit and it was really nice feeling.
I can relate in this mate and yes I have loved using gambling as my stress reliever , there are so much problem facing from work and business and when I gamble i maintain my positive vibes and so I attract luck as well. but motivating me to be addicted is not on the list because I am more in enjoying than taking it seriously to win. I even can`t understand how is it - to be addicted. It is the same as to watch football match of your favorite team. You can cry, you can be impressed or disappointed but tomorrow you go to the work and don`t think that you have to visit next match anyway. I just relax and pay for it. But not all money i have - just as i plan. People have different dependency level to something. Some people can easily let go a hobby that they are fond of because they don't feel attachment to it. Meanwhile, some can't seem to let go because they got used to the feeling and they have relied on that hobby too much it consumed them. You see, everyone has their weaknesses. Maybe for you you can easily brush away the emotions such as sadness from losses, the excitement from the hype, the thrill, and the likes, doesn't necessarily mean that people would too. Some people becomes addicted because they lack the self-control. Instead of controlling their urges, the urges tend to control them. Which is why you will see that so many gamblers struggle from gambling addiction. The same applies to other addictions as well. All we have to do is be sensitive because it really does happen to majority who lack discipline and restraint. We can also support them getting counseling or treatment for their healing if they deem to do so. |
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Too lazy enough to look for another place where they could store their coins much safer, or doesn't want to spend money to secure their coins, pretty ironic, isn't it. The other reason is that maybe they don't want to spend transfer fee vice versa if they are going to sell it just in case. People never learn until something happened to their coins. "Prevention is always better than cure".
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If you witnessed the last all time high, you would know the answer. So, if I were you, I'd wait 'till it makes to $60,000 or more to make more profits, but even it pumps up to $30,000-40,000 then sell it, it's still a profit. To make it even more simple, selling your accumulated Bitcoin at a very low price would vary on your level of satisfaction. It would be better if you know yourself on what price you are willing to sell your Bitcoin where you would be happy and satisfied to avoid regrets.
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I wonder how ordinary people around the world felt the worsening economic situation in their respective countries. I know that although many are very much aware of the soaring inflation, nothing has changed much in their day to day lives. I can observe that in some families. They seem oblivious of how the prices of basic goods and services are rising in double digits.
From my household, however, we can literally taste the economic downturn. It feels odd and sad that we have to sacrifice taste in order to somehow cushion the impact of the economic problems my country is facing. Onion here is already hitting $12.57 a kilo. Depending on the size, that's about $0.63 apiece. Cooking an ordinary dish for a small family requires a bulb or two. During this holiday season especially, we normally need tens of onions. That's not affordable anymore. So we had to greatly reduce the use of onions and try not to care about how the dish would turn out. On ordinary days, onions are even removed from the ingredients.
I had to share this here because it feels like the economic situation has already affected the most basic need of everybody. It seems insignificant because it's only a spice, but I thought that if the economic situation is already affecting everybody's taste buds, it could mean things are getting pretty serious.
I wonder, especially in other countries, how drastic is the change in your daily life that's brought about by this economic downturn?
Government can fight inflation if they want, however the Government in where we live doesn't really care about its citizens suffering from inflation, all they care is how to make more wealth from their citizens by creating laws and projects that are not even related to solve the current problem, (no offense if you're an apologist), just stating facts. May God helps us all. 5 years until the election will happen again, so I hope we learned something and not keep on being close minded. |
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I don't see depositing in a bank is a good choice to save money, it's a waste of opportunity in my opinion. Rather than depositing on bank where they get so much interest when someone borrow money from them using the money of their clients while their clients on gets a very small profits annually or whatever. Investing is much wiser, risky but it's worth the try rather than not going out of your comfort zone.
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Thanks to Celsius’s “unambiguous” terms and conditions, any cryptocurrency assets — including stablecoins — that were deposited into Earn Accounts, became Celsius’s property, the filing stated. I'd say in this case, it's more correct as an example to read the whole terms of service rather than not your keys not your coins, because everyone already know when they deposit to centralized website, the third party has a control over your coins. While in this case, Celsius's terms of service make them win about the coins ownership. If Celcius didn't write such rules, the customers will win this legal court. I agree. It's like buying a product but didn't read the manual. We tend to neglect such thing because we think it's not that important until it is. Celsius doesn't do anything wrong here, it's the client's fault of ignoring important notice from them since the start. This situation is completely different from "not your keys, not your coins" but somehow it's kinda related to the matter where you can't control what you don't completely own. |
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The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?
It seems that you still need to learn a lot before jumping to conclusions and say trading cryptocurrency is not profitable. I know a lot of people who are making huge amount of money in trading, and they are amazing because of their long term experience in trading. It sounds bitterness when you said "trading in the long run is not profitable", not because you can't make money on it doesn't mean it's not profitable for everyone. |
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Newbie traders should know that they should use the amount of money they can afford to lose to trade.
We can see bitcoin at its low price, instead of some people to just DCA and accumulate, they may prefer to trade, I will advice you not to lose the coming opportunity as some people might lost in the last bull run. Some people are believing that there will be no bull run again in a 4 year cycle, I am not still one of that people, I believe we are still going another round again.
If you know that you are trading and losing your money, it is better to think about this twice or three time or more before making the wrong decision that you will later blame yourself for. We are in accumulation period, try and hold and accumulate.
My advice to traders that are losing is to still continue to trade, but using just 20% while 80% should go into holding. What do you people think about this? Out of 100% fund, what percentage can you advice a trader to use?
I agree that holding is much better if you don't have enough skills in trading. I'd say I use my funds 90% on holding while the remaining 10% is on futures. I only use enough funds that I can afford to lose while still learning, I just wanna take it in slow phase. Newbie traders are always in a hurry making huge profits overnight, that's why they always end up losing what they didn't expect to lose in the first place. The ending is they always chase their losses without any plan or knowledge that could guarantee their success. |
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[snip]
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
My question is --is there any reliable source for this? knowing the coins when to pump and dump? Perhaps none, so there is no way to predict the market price and it is very risky for you since you are a newbie. It will end up losing your money or else easily wipe out your entire portfolio. You have said that you are a newbie and don't have experience, I prefer to say that you need more experience and gain knowledge in trading because trading is not an easy way of making money, it is very risky. Study and make research first or gain experience in copy trading, find an exchange platform that allows users to copy trading, so that you can try trading or even paper trading which you can practice more without losing money. Correct. Technical analysis is still needed in spot trading to know the prices you must buy a coin to avoid waiting too much time just to sell it since for example, you bought at a certain price then it continues to dump even more. To make this simple, the random guesses when to buy and sell a coin to make profits will not work every single time. A single failure because of that action will lead to something chaotic, you will become addicted to that random guesses only in trading which you will not grow, meaning you will never become a good trader in the future. |
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