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[Reatim]

knowing when to stop, again
knowing when to say: that's enough for me.

it's probably one of the wisest things to learn.

Knowing your stop limits and taking actions on them will help you a lot and if you take necessary steps beforehand it will help to reduce the financial burden otherwise learning from the mistakes can be costly in gambling .

I agree. Why wait to learn from your mistake if you can do something to prevent that from happening. Set a limit on how much to spend and have a self-control. That way, you don't have to suffer on spending the money that you can't live without then will have a regrets later because you didn't gamble in moderation.

Prevention is better than cure , why need to commit mistake when you can do something to prevent that from happening .
gambling is a place where people mostly commit wrong action so preventing is best to conduct .

Anyway, just saw the due date of art contest is extended. This can increase the participants since they're given an extension to submit their entries.

actually  what i do believe is that those participants has already done in their work , just waiting for the final moment to send it on.

[Betwrong]

~
actually  what i do believe is that those participants has already done in their work , just waiting for the final moment to send it on.

That's exactly what's happening in my case. Seeing the time was extended I decided to make some finishing touches and submit my entry later. There's some entries in the thread, but most places are reserved. I think, as always,  we'll have many submissions in the last two days.

~
What could happen in extremely rare cases is that a whale gets lucky and sends a casino into bankruptcy. However, I would not have come across such a case yet and you would probably actually need someone with a lot of Bitcoins ... and a lot of luck.

Is it what happened to Roobet? Idk. The site is up and running for me, I just played there. What makes you think that?

[Taskford]

~
actually  what i do believe is that those participants has already done in their work , just waiting for the final moment to send it on.

That's exactly what's happening in my case. Seeing the time was extended I decided to make some finishing touches and submit my entry later. There's some entries in the thread, but most places are reserved. I think, as always,  we'll have many submissions in the last two days.

Some maybe feel that the contest will extend since they see less submission and this is not usual happening since mostly artist submit their art once they are done or near to the deadline but now we see few submissions. But now since they extend the deadline and many had an idea in mind on what art they are going to submit then for sure this art contest for this round still exciting. I though we can less participants but for this extension it gives more time for other artist to catch up.

[goaldigger]

~
actually  what i do believe is that those participants has already done in their work , just waiting for the final moment to send it on.

That's exactly what's happening in my case. Seeing the time was extended I decided to make some finishing touches and submit my entry later. There's some entries in the thread, but most places are reserved. I think, as always,  we'll have many submissions in the last two days.

Some maybe feel that the contest will extend since they see less submission and this is not usual happening since mostly artist submit their art once they are done or near to the deadline but now we see few submissions. But now since they extend the deadline and many had an idea in mind on what art they are going to submit then for sure this art contest for this round still exciting. I though we can less participants but for this extension it gives more time for other artist to catch up.

The last minute extension will encourage more to adjust their entries and do some additional art work, its good for those who are still working with their work.
I've done my work even before the extension and I'm about to post it but upon seeing the extension, I decided not to post. The usual time of posting is during the last day of submission, expect participants to post their entries during that time.

[FanEagle]

This round turn out didn't end up well since there are few participants joined the contest that's why its good to extend this contest since maybe there are other artist just got confuse about the theme and just decide to pass  this round then try their luck next time. Hhampuz and roobet is so generous to extend this round for another week so that participants would have more time to think about what good art they should submit according to the theme they said.

I am sure that when it's more on point talk, there will be something much bigger and better. I remember like when it was Christmas, it was such a big amount of entries and there were so many great people who did something amazing. That is because Christmas is Christmas and everyone knows about it, you do not even have to be Christian for it, it just became something fun for the world to celebrate as a whole, like new years.

Or you can take a look at Halloween, that is something we all know, the pumpkins and all that because we know the feeling. So this august might have been a mishap for once, and people didn't really shown any interest, I am sure roobet will learn their lesson and put a much better and clear requirement next time they do it.

[Hamphser]

~
actually  what i do believe is that those participants has already done in their work , just waiting for the final moment to send it on.

That's exactly what's happening in my case. Seeing the time was extended I decided to make some finishing touches and submit my entry later. There's some entries in the thread, but most places are reserved. I think, as always,  we'll have many submissions in the last two days.

Some maybe feel that the contest will extend since they see less submission and this is not usual happening since mostly artist submit their art once they are done or near to the deadline but now we see few submissions. But now since they extend the deadline and many had an idea in mind on what art they are going to submit then for sure this art contest for this round still exciting. I though we can less participants but for this extension it gives more time for other artist to catch up.

The last minute extension will encourage more to adjust their entries and do some additional art work, its good for those who are still working with their work.
I've done my work even before the extension and I'm about to post it but upon seeing the extension, I decided not to post. The usual time of posting is during the last day of submission, expect participants to post their entries during that time.

The main thing that comes to my mind on why participants do really post up their entries on the time that it nearly ends which it is really that obvious on which they dont really like for others to see their ideas or

having that kind of possible copying with their works with few alterations. This is why on the last day of submission then this is where most participants would really be that deciding on submission.
Its understandable and pretty obvious on why they would be doing that. On the current extension of the duration which it would really be a good news into those people who are really that preparing or doing
their best art which does need more time but for those who had finished out earlier then the waiting game would be much longer but it wont be an issue though.

Important thing is that this one would really be giving out ample time to those who are really still making their artworks or someone who would be tending to make some additionals
or adjustments into their works.

[aysg76]

What could happen in extremely rare cases is that a whale gets lucky and sends a casino into bankruptcy. However, I would not have come across such a case yet and you would probably actually need someone with a lot of Bitcoins ... and a lot of luck.

I don't think so that's how casino business works as they have house edge and also liquidity with them to pay off any win and going bankrupt means they should not have entered in this stream first of all because you estimate every aspect before registering any casino.

[Lakai01]

What could happen in extremely rare cases is that a whale gets lucky and sends a casino into bankruptcy. However, I would not have come across such a case yet and you would probably actually need someone with a lot of Bitcoins ... and a lot of luck.

I don't think so that's how casino business works as they have house edge and also liquidity with them to pay off any win and going bankrupt means they should not have entered in this stream first of all because you estimate every aspect before registering any casino.

In this context, we have discussed how casinos operate and are positioned (financially) and what role "luck" plays as a factor here. That's why I brought up the extreme example of the whale, which would be quite capable of ruining a casino financially.

Think about the following situation, for example:
A whale plays "double or nothing" against the casino and bets 1000 BTC. If he wins, the casino would have to pay out 1000 BTC, which would 100% bankrupt smaller casinos.

As I said, we are talking about fictional scenarios and what role luck plays in a casino's business model.

[efialtis]

Even though we have been super unhappy with Roobet in terms of affiliation (we reported about it), we recently went back to check them out so we could update our Roobet review: https://www.btcgosu.com/review/roobet/

Note: It`s a pretty positive update

[Lucasgabd]

knowing when to stop, again
knowing when to say: that's enough for me.

it's probably one of the wisest things to learn.

Knowing your stop limits and taking actions on them will help you a lot and if you take necessary steps beforehand it will help to reduce the financial burden otherwise learning from the mistakes can be costly in gambling .

yes,  there are no gambling schools so one can take it as a learning expense too, but sometimes it is just too expensive to let your emotions run the bankroll

better to use rationality and control yourself than to deal with deep regret later

unless you win out of luck, then there won't be regrets but you'll have to fix bad habits later on on the road

[abel1337]

knowing when to stop, again
knowing when to say: that's enough for me.

it's probably one of the wisest things to learn.

Knowing your stop limits and taking actions on them will help you a lot and if you take necessary steps beforehand it will help to reduce the financial burden otherwise learning from the mistakes can be costly in gambling .

yes,  there are no gambling schools so one can take it as a learning expense too, but sometimes it is just too expensive to let your emotions run the bankroll

better to use rationality and control yourself than to deal with deep regret later

unless you win out of luck, then there won't be regrets but you'll have to fix bad habits later on on the road

No school would educate people how to gamble or even gamble properly. Gambling is an influential thing just like any other vices out there. The effect of it is more on the negative side rather the positive that's why people who came from the same vices such as gambling always give tips and advices to demotivate people to not start gambling because of the possible negative effects or even possible addiction that it can give.

[aysg76]

Better to use rationality and control yourself than to deal with deep regret later

unless you win out of luck, then there won't be regrets but you'll have to fix bad habits later on on the road

We know it's hard to control our feelings but when we are gambling we must not loose control because our funds are at stake so we should have some limits as in emotional state we don't have control over our mind.But sometimes we learn from our past experiences and whether we are lucky or not we should not loose hope playing in our limits.

[Lucasgabd]

Better to use rationality and control yourself than to deal with deep regret later

unless you win out of luck, then there won't be regrets but you'll have to fix bad habits later on on the road

We know it's hard to control our feelings but when we are gambling we must not loose control because our funds are at stake so we should have some limits as in emotional state we don't have control over our mind.But sometimes we learn from our past experiences and whether we are lucky or not we should not loose hope playing in our limits.

definitely
I think the danger is not only in losing it all but also in winning too much too fast, sometimes if earning a lot in a fast and easy way its hard to forget that you need work to make money and intelligence to keep it

life teaches us some valuable lessons.

[MinMan]

Why wait to learn from your mistake if you can do something to prevent that from happening. Set a limit on how much to spend and have a self-control. That way, you don't have to suffer on spending the money that you can't live without then will have a regrets later because you didn't gamble in moderation.

Prevention is better than cure , why need to commit mistake when you can do something to prevent that from happening .
gambling is a place where people mostly commit wrong action so preventing is best to conduct .

There are situations when it differs as well, it  feels like we are talking about something that is doing much better and it is going to be like "if I know when to stop, then I should stop there" is a simple looking thing but also to some people it's not.

I have said for years that if you want to get rich, all you have to do is put just a small % of your salary every single month into bitcoin and that way you would be able to make some money, and yet some people do not do that and end up buying some shitty memetokens instead and lose all their money. Sometimes a thing that looks too obvious, may not look that obvious to some people and they may end up with a mistake and just end up not doing it the right way at all.

[abel1337]

Better to use rationality and control yourself than to deal with deep regret later

unless you win out of luck, then there won't be regrets but you'll have to fix bad habits later on on the road

We know it's hard to control our feelings but when we are gambling we must not loose control because our funds are at stake so we should have some limits as in emotional state we don't have control over our mind.But sometimes we learn from our past experiences and whether we are lucky or not we should not loose hope playing in our limits.

definitely
I think the danger is not only in losing it all but also in winning too much too fast, sometimes if earning a lot in a fast and easy way its hard to forget that you need work to make money and intelligence to keep it

life teaches us some valuable lessons.

Depending on how much mentally capable you are, it can possibly a good thing or a bad thing. If I'm a gambler that gamble for years and I won a huge amount of money really quick, I would probably stop my gambling session and enjoy the money I won. Experienced gamblers knows about the house edge of crypto casino and the longer you stay is the higher chance you will lose it all. It will be the opposite if you are a newbie the gambling, pretty sure that most of the newbie winners won't control their feelings in making it much more bigger until they realize that they are slowly losing on the casino.

[jrrsparkles]

but also in winning too much too fast, sometimes if earning a lot in a fast and easy way its hard to forget that you need work to make money and intelligence to keep it

life teaches us some valuable lessons.

Quite well, some people will lose track and derail which may turn their life in the wrong direction so it is very important to stay conscious and be aware of the circumstances so that it will be under our expectations and chances of making it wrong are thin.


About the contest, I saw some amazing artwork and everyone waited for the last day to present their works. Waiting to see the winners and hope the unstoppable art contest streak continues every month.

[FanEagle]

In this context, we have discussed how casinos operate and are positioned (financially) and what role "luck" plays as a factor here. That's why I brought up the extreme example of the whale, which would be quite capable of ruining a casino financially.

Think about the following situation, for example:
A whale plays "double or nothing" against the casino and bets 1000 BTC. If he wins, the casino would have to pay out 1000 BTC, which would 100% bankrupt smaller casinos.

As I said, we are talking about fictional scenarios and what role luck plays in a casino's business model.

The casino doesn't allow 1000 winning bets, this is why it can't happen. Some casinos maybe would let that but usually that's not allowed, we are talking about nearly 25 million dollars there, and no casino I know would allow you to make a 25 million winning worth bet to begin with.

It doesn't even have to be double or nothing, the winning is maxed there, you could have 1 billion dollars and bet on 2% chance to win, which means you will most likely lose, but the win amount exceeds what is allowed so you won't be allowed to do that. This results with casinos allowing only a small portion of their entire bankroll to be allowed per bet, and if you bet that max amount, you will maybe win, but that won't ruin the casino.

[milewilda]

but also in winning too much too fast, sometimes if earning a lot in a fast and easy way its hard to forget that you need work to make money and intelligence to keep it

life teaches us some valuable lessons.

Quite well, some people will lose track and derail which may turn their life in the wrong direction so it is very important to stay conscious and be aware of the circumstances so that it will be under our expectations and chances of making it wrong are thin.


About the contest, I saw some amazing artwork and everyone waited for the last day to present their works. Waiting to see the winners and hope the unstoppable art contest streak continues every month.

Dont expect for every month but rather it would really be seasonal or some huge event that it is correlated with sports neither those huge events that could turn out to be relevant on making some betting.
Their art contest never disappoints on which if you do look into those output which made out by those participants then it always been great, for those who are still joining then they are really improving
in towards their entries, you can really say that there are indeed good artist here on this forum. I believe that it wont really be removed or would be stopped on this kind of contest,
it turns out that it had been a default way on launching up this type of competition.

[bitterguy28]

What could happen in extremely rare cases is that a whale gets lucky and sends a casino into bankruptcy. However, I would not have come across such a case yet and you would probably actually need someone with a lot of Bitcoins ... and a lot of luck.

I don't think so that's how casino business works as they have house edge and also liquidity with them to pay off any win and going bankrupt means they should not have entered in this stream first of all because you estimate every aspect before registering any casino.

well, if the casino is already established and strongly running indeed that there will be no bankrupt to happen , but those newly operated and sadly experienced a Huge  win from new players, in that sometimes comes the dishonesty  from the site and turning into not paying and become a scam one.
but with Roobet.com that has already tons of funds inside, Am not sure if  any whales can make them bankrupt , not at least from my knowledge and understanding .

[Lakai01]

The casino doesn't allow 1000 winning bets, this is why it can't happen. Some casinos maybe would let that but usually that's not allowed, we are talking about nearly 25 million dollars there, and no casino I know would allow you to make a 25 million winning worth bet to begin with.
-snip-

I think we all know that. That's why I wrote the last sentence, which I'm happy to emphasize here again:

As I said, we are talking about fictional scenarios and what role luck plays in a casino's business model.

Besides the factor that there are no (online) casinos that allow such high bets, the number of people who could place such bets in the first place is also extremely small.

However, I am sure that there are traditional offline casinos that are reserved for very wealthy customers and where such bets are quite common. However, they wouldn't have a problem with such high losses either.