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Author Topic: Can money be saved in gambling sites?  (Read 1996 times)
Hispo
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November 25, 2023, 09:50:13 PM
 #401

Physical and online wallet founders/makers will be laugh after reading this thread lol, most of the comments on this thread are correct.
Gambling site is the place for us to gamble not saving nor hiding our precious crypto, if I have to choose where to hiding the crypto from my wife then I will choose a trusted exchange than a casino.
Even if we are not a gambler, our degen soul inside might not able to resist the temptation to place bets with those balance.

Also dont forget about the tax, crypto gambling tax is not cheap on certain countries. So it might work for you and some people but not for all.
Well, the bigger the money is - the more we care about the security of our precious.

By the way, if we keep on mind that both gaming platforms and exchanges are centralized and custodial services, some people may argue there is no much difference between keeping one's funds in a casino or an exchange. In either case we do not have a complete control over our money.

Also, I know exactly what you mean when you talk about someone feeling the temptation to gamble money they are not supposed to. It is something which is common to happen, specially to people of this forum who receive campaign payments directly to their casino accounts. I have read about unlucky users lossing their payment completely because the urge you talk about.

i still have some funds in sportsbet for a while already. i was just looking for a match in sports that is worth betting so it's been there like stored for several months already i say i fought the temptation but maybe because i'm more off into sports than chasing my luck with casino games. the ones with the urge and store their coins are likely going to push the button especially when they think the luck is with them that very day.

still storing in casino is worse than one could decide, its not even meant for storing but because there's a wallet, its somehow convenient ffor gamblers.


I don't know about you, but the idea of storing crypto in a casino until one feels good luck is with one that day is rather silly. I would think of myself having a little bit of Bitcoin deposited in Stake and because I would feel lazy or because it is just a little bit, I chose not to withdraw it from the casino to a non-custodial wallet.
So if for some reason that day several good things happen to me for no apparent reason, then I would probably take some of my spare time to see if I can get a good multiplier.
Statistically, we all know that luck is just an anomaly on what numbers tell us is more likely to happen, but the feeling of good luck through one of those days can feel very real.

..Stake.com..   ▄████████████████████████████████████▄
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348Judah
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November 25, 2023, 09:59:35 PM
 #402


Is good to save money for future use so we can make good use of it when ever we need to, now what if you decide to save money in your betting account will that be possible to?
We can decide not to save money in our fiat bank account or any other micro finance bank account for one reason or the other and save it in a licensed gambling sites can that idea be possible, will the money deposited there not be tempered with from the gambling platform or removed automatically from the account after keeping it for a long period of time?
I know it might be very hard to save money in a gambling site because we  might have the feelings of winning if we try to stake, it can be hard for a gambler to save money in a gambling site but it will be easy for a non gambler, I put in mind that everything start one day so even a non gambler can try at the first, I bring this discussion here so we can discuss about it to keep our selfs busy.

If you save up your money on gambling platforms, you're likely to be in this man same conditions from the image above if you keep using a custodial wallet for your asset, gambling wallets are best used when we keep the money we have assigned to gambling in it because they are purposely for gambling and we can afford using them all for that same specific purpose of gambling, if we want to hold and save up our money, the best is not in account where it could be used for gambling, we can make use of cold storages for our assets and hold them there because the keys are in our custody and we cannot also easily use the money for gambling.

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Westinhome
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November 25, 2023, 10:01:38 PM
 #403


Yes it is not your keys,  not your wallet,  this have been what it has been,  even though we have some exchange and casinos that offers banroll facility for the investment as to partakein the revenue sharing of the casino or exchange,  much more there are higher risks with such form of investment since you can lose the total whole of your money if anything happens to the platform while your money in it as an investment or what so ever it is.



The good gambling site was the safest one,even though it was not our wallet or keys to safe guard of the wallet.The gambler who had enough money to balance their monthly expenses can hold the their coin in the gambling site itself.The world famous gambling site stake.com was safe to hold your coin,it was my personal opinion,because I had huge holding in that gambling site.My money was safer in that gambling site,So you should choose the best gambling site to hold the money.This give you safe feelings even if your hold the money in the gambling site.This also help to save the deposit and withdrew fee all the time you use to deposit and withdraw.If you feel you get the good luck from the gambling site,then use the holding money and multiple the funds to many times only in the gambling site is Possible.
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