Limited escrow service for building self discipline.

[Timelord2067]

If you read any of the threads recommending proven escrows, you will read numerous stories of persons wanting to establish themselves as escrows.

They are all told that they need to establish themselves as trusted members of the Forum before entering into the escrow business.

The OP CryCrptoCry does not appear to have conducted any trusted transactions here and only has one piece of feedback:



which is not a stellar start to their career.


Ordinarily I would not recommend anyone pass their winnings in the heat of the moment to a third person immediately after a win and I certainly wouldn't recommend anyone use this person as a bank until they prove themselves here.

[CryCrptoCry]

If you read any of the threads recommending proven escrows, you will read numerous stories of persons wanting to establish themselves as escrows.

They are all told that they need to establish themselves as trusted members of the Forum before entering into the escrow business.

The OP CryCrptoCry does not appear to have conducted any trusted transactions here and only has one piece of feedback:



which is not a stellar start to their career.


Ordinarily I would not recommend anyone pass their winnings in the heat of the moment to a third person immediately after a win and I certainly wouldn't recommend anyone use this person as a bank until they prove themselves here.

Thanks for pointing out my only feedback. Did you actually went through my post ? Where exactly I present my self as escrow ? This is the gambling discussion forum and I have shared a concept to ponder upon by learned members that is it.
By the way the only feedback is because of fucking 5 dollars, and I did the review but since there was no time frame, Yahoo left a neg within 36 hrs. He is a very reputed member here and I have no hard feelings but IMHO he could have waited for sometime at least.
Any way I contacted him urging him to reconsider his feedback which I am glad he did.

[DarkDays]

Definitely a good idea, while I have seen several people rack in incredible profits from gambling, I've also seen a similar number of people get rekt.

From what I've seen, practically every single one of the ones that got rekt did so because they couldn't properly manage their money. They'd gamble too often, too much, and make risky bets to recoup their earlier losses—and then end up further in the red.

Simply creating an account-based limit isn't enough, considering it's trivially easy to just a second account.

There needs to be a direct service like this that holds the players accountable, and provides no means to circumvent the system. Needs to be somebody extremely trustworthy though, and I'm not sure anybody would actually pay for the service, which makes it a tough sell for most people.

[stomachgrowls]

I have thought of an interesting concept which can help you out to control your gambling losses and most importantly to secure your winnings in a more sensible manner.
As poker player (with decent tournament record), crypto trader and occasional dice and slot gambler for almost 5 years I can assure you that single most important thing which can help you out in the long run is bankroll management. Although BRM is a combination of different skills but keeping your calm during loses by quitting for sometime is most important skill to master as it gives you time to reflect upon what you are doing wrong which led you to become more mature player.
It is easy to loose your mind and play outside of your bank roll in the heat of the moment. To prevent this up to some extent I propose a limited gambling escrow fund held by prestigious members of this wonderful forum.
How this will work ?
So suppose you have won a big tourney in poker or concluded a big profit trade, or accidentally (I use this word knowingly) won jackpot in slots/dice. Now what you need to do is to transfer your majority of winnings to the escrow immediately (and keep your self your normal playing bankroll). Now the escrow will have to release a certain amount of fund from your deposit to you on weekly or monthly bases. This will help you to remain under your bank roll greatly because after you loose your normal bankroll you have to wait for your next payment which will take some days. By doing this you have more time to introspect which is always good.   
I urge learned members of this wonderful forum to ponder upon this and give some suggestions to improve this.

The idea is somehow good but i dont have that kind of level of confidence when it comes on sending out my winnings or even storing up my money pending out on a certain escrow(no matter how reputable or trustable it is)

Im not really not just too confident for that matter and instead on having that peace of mind then you would really be minding or stressing up yourself that you do know that you have some funds that is outside of your control.

I would rather prefer on losing my money in my own hands via gambling rather than letting others handle out my gambling fund capital or the winnings.

[serjent05]

A nice concept but I believe it won't be used by players who are too hooked in gambling or players that have self-discipline unless being implemented on the casino they are playing automatically.  I don't find it helpful to put my bankroll funds to third party.  It is not a matter of trust but the matter of delay itself which the concept actually wanted to implement to prevent players to spend too much.  Besides, it will never be attractive if not coupled with bonuses and staking.

I would rather prefer on losing my money in my own hands via gambling rather than letting others handle out my gambling fund capital or the winnings.

Same thought here.

[Oilacris]

I have thought of an interesting concept which can help you out to control your gambling losses and most importantly to secure your winnings in a more sensible manner.
As poker player (with decent tournament record), crypto trader and occasional dice and slot gambler for almost 5 years I can assure you that single most important thing which can help you out in the long run is bankroll management. Although BRM is a combination of different skills but keeping your calm during loses by quitting for sometime is most important skill to master as it gives you time to reflect upon what you are doing wrong which led you to become more mature player.
It is easy to loose your mind and play outside of your bank roll in the heat of the moment. To prevent this up to some extent I propose a limited gambling escrow fund held by prestigious members of this wonderful forum.
How this will work ?
So suppose you have won a big tourney in poker or concluded a big profit trade, or accidentally (I use this word knowingly) won jackpot in slots/dice. Now what you need to do is to transfer your majority of winnings to the escrow immediately (and keep your self your normal playing bankroll). Now the escrow will have to release a certain amount of fund from your deposit to you on weekly or monthly bases. This will help you to remain under your bank roll greatly because after you loose your normal bankroll you have to wait for your next payment which will take some days. By doing this you have more time to introspect which is always good.   
I urge learned members of this wonderful forum to ponder upon this and give some suggestions to improve this.

The idea is somehow good but i dont have that kind of level of confidence when it comes on sending out my winnings or even storing up my money pending out on a certain escrow(no matter how reputable or trustable it is)

Im not really not just too confident for that matter and instead on having that peace of mind then you would really be minding or stressing up yourself that you do know that you have some funds that is outside of your control.

I would rather prefer on losing my money in my own hands via gambling rather than letting others handle out my gambling fund capital or the winnings.

Same thing that had in mind!
Its not really that necessary to use up these escrows just to limit out yourself to play since you can do it on your own without the need of service of others.
Also you should consider that theres a fee on using up their service then thats an add up on the expense.You can remove all of those if you can simply
just hold up your own money but we know that each person do have its own level of discipline, maybe some people do see this as a good idea but for people
who do had this control will find this useless.

[Yamifoud]

Maybe I have to transfer it to my controlled wallet if you still don't find an escrow to give what you are asking for. Yeah, it is really hard to control ourselves knowing that we still have money in the wallet but maybe this time, we have to learn to control it. Maybe it was safe than we let other hands manage it. We have to think first about the possible bad happenings as money it really tempting. Because if you have a plan of what you do with this money, I don't think it brought you into addiction and but most likely, you were able to manage it.

[freedomgo]

some sites you can set limits

stake.com
mbet

and few more

Nitrogensports too.

I guess limiting myself in gambling would just be limited to me too, I'll handle myself and learn from it.
Getting other services or people involve might be too costly, and it would only delay a gambler's maturity in what they are doing.

we make mistake, be it, but we can learn from it and we will not be greedy in the long run.

[bitbollo]

why not using a cold wallet? I mean if you get a decent win just withdraw to a cold wallet.
Also if you had a level of security (likewise private key is in another house/location or before using you should use 2 or more keys) even if you are in hurry to spend/empty your wallet you have enough time to avoid and don't waste your funds.
Even you can set a timelock https://en.bitcoin.it/wiki/Timelock

Why not use an escrow? What if he is a scammer? I know it's "rare" but some times it happens
Secondly if escrow has a problem and lost access to a wallet? Or worst situation he disappear due an accident?
Well using a smart contract or a cold wallet is a better solution
Not your keys = Not your coins!

[chaser15]

No offense but I don't see this as an interesting concept.

Putting limitations on how much should a gambler spend for let's say daily, the weekly or monthly period will just make them more aggressive to play especially if their supposed funds to be covered by monthly just loss in a matter of few days or weeks.

This is spoonfeeding. Let them learn how to manage well their money. If sometimes, they won big and ended up zero, they will realize now how important managing the money is. On a good side, there are responsible gamblers that know how to use their money wisely. If they can, those irresponsible gamblers can do it too.

[jademaxsuy]

No offense but I don't see this as an interesting concept.

Putting limitations on how much should a gambler spend for let's say daily, the weekly or monthly period will just make them more aggressive to play especially if their supposed funds to be covered by monthly just loss in a matter of few days or weeks.

This is spoonfeeding. Let them learn how to manage well their money. If sometimes, they won big and ended up zero, they will realize now how important managing the money is. On a good side, there are responsible gamblers that know how to use their money wisely. If they can, those irresponsible gamblers can do it too.

it is just like diet on balance food eating that many were not able to follow the instruction. Instead of losing weight, many were gaining even more after body begins to starve and one will look for delicious bad for the diet foods. This is what look like to a user limiting him/herself on playing gambling activities. As we know that gambling could make a user addicted to it and will resort to losses of everything he/she has. It is difficult to stop the habit unless a family member will help that user to get away from gambling addiction.

In my own opinion and basing also the happening of the pandemic, I have make time fully occupied simply by having pets. I have dogs, cat and rabbits to take care and that made my time fully occupied with lesser time to do on gambling.

[Quidat]

No offense but I don't see this as an interesting concept.

Putting limitations on how much should a gambler spend for let's say daily, the weekly or monthly period will just make them more aggressive to play especially if their supposed funds to be covered by monthly just loss in a matter of few days or weeks.

This is spoonfeeding. Let them learn how to manage well their money. If sometimes, they won big and ended up zero, they will realize now how important managing the money is. On a good side, there are responsible gamblers that know how to use their money wisely. If they can, those irresponsible gamblers can do it too.

It is really not an interesting concept and as others said that this wont much be needed because people will eventually learn on how to manage up their funds along the process.It doesnt need any control or limitations from someone on how they should gonna spend their funds.
Instead on limits this would rather result into inpatient behavior since you do know that you do still have money left into your escrow then you will still end up on withdrawing those since you do like to play even more.
Setting out withdrawing options would be all in no use when you do cancel out it anytime and escrow has nothing to do but to agree and release your funds as you wish.

[MCobian]

This is a very good idea to be realized immediately, because a lot of addicted gamblers whose lives are destroyed because when playing gambling
can't manage their own bankroll. Maybe with a limited escrow service that helps managing bankroll, and can control themselves more disciplined
when playing gambling. If there really is an escrow service like that I will be very happy, because I am one of those who always fails control
emotions when trading. Especially if I play dice I can use up my bankroll. Although some people disagree with this concept and limited escrow
service will be useless in the end. I still want to try it, because of my principle if we never try, we will never know the results.

[Wexnident]

In the end, though, you're just pretty much running from the essence of the problem, which is self-discipline. By hiring third parties to hold your money, your basically saying that "I can't control myself, so instead, you put on a leash on me so that I don't go overboard" kind of thing. Plus, the thought of it comes after you put it in an escrow, but what if you don't? There's a sort of mentality where you just put it on hold for literally forever, saying excuses, but you just don't really want to do it. Once you get this sort of mentality, it's hard to let go, and if you apply it to this situation, won't it be a never-ending loop? And the fact is, you can't even manage self-discipline by then because you believe that the escrow would do it for you, but again as I said, you'd just make up excuses to not use it for now, but in the future, and that'd just make it a loop that's going to hurt you a lot.

[adzino]

I have thought of an interesting concept which can help you out to control your gambling losses and most importantly to secure your winnings in a more sensible manner.
As poker player (with decent tournament record), crypto trader and occasional dice and slot gambler for almost 5 years I can assure you that single most important thing which can help you out in the long run is bankroll management. Although BRM is a combination of different skills but keeping your calm during loses by quitting for sometime is most important skill to master as it gives you time to reflect upon what you are doing wrong which led you to become more mature player.
It is easy to loose your mind and play outside of your bank roll in the heat of the moment. To prevent this up to some extent I propose a limited gambling escrow fund held by prestigious members of this wonderful forum.
How this will work ?
So suppose you have won a big tourney in poker or concluded a big profit trade, or accidentally (I use this word knowingly) won jackpot in slots/dice. Now what you need to do is to transfer your majority of winnings to the escrow immediately (and keep your self your normal playing bankroll). Now the escrow will have to release a certain amount of fund from your deposit to you on weekly or monthly bases. This will help you to remain under your bank roll greatly because after you loose your normal bankroll you have to wait for your next payment which will take some days. By doing this you have more time to introspect which is always good.  
I urge learned members of this wonderful forum to ponder upon this and give some suggestions to improve this.

If you are badly addicted to gambling, even your "escrow" who will be holding your money for a limited time won't be able to help you.
I bet the gambler will eventually break the terms and force the escrow to return the money. They will start making excuses that they need the money for some other "purposes".
If you think you have addiction problem, don't go to an escrow, go to a real person who can help you with your addiction.

[Ucy]

Have you tried this idea before? Are you profitable with it as someone who spends alot of time playing and betting on poker? If it's doesn't work for you and you spend alot of time on poker then you clearly are gambling. And it's not a good idea.
In my opinion, bettors who spend alot of time and money betting should at least be consistently profitable.

[ethereumhunter]

I have thought of an interesting concept which can help you out to control your gambling losses and most importantly to secure your winnings in a more sensible manner.
As poker player (with decent tournament record), crypto trader and occasional dice and slot gambler for almost 5 years I can assure you that single most important thing which can help you out in the long run is bankroll management. Although BRM is a combination of different skills but keeping your calm during loses by quitting for sometime is most important skill to master as it gives you time to reflect upon what you are doing wrong which led you to become more mature player.
It is easy to loose your mind and play outside of your bank roll in the heat of the moment. To prevent this up to some extent I propose a limited gambling escrow fund held by prestigious members of this wonderful forum.
How this will work ?
So suppose you have won a big tourney in poker or concluded a big profit trade, or accidentally (I use this word knowingly) won jackpot in slots/dice. Now what you need to do is to transfer your majority of winnings to the escrow immediately (and keep your self your normal playing bankroll). Now the escrow will have to release a certain amount of fund from your deposit to you on weekly or monthly bases. This will help you to remain under your bank roll greatly because after you loose your normal bankroll you have to wait for your next payment which will take some days. By doing this you have more time to introspect which is always good.  
I urge learned members of this wonderful forum to ponder upon this and give some suggestions to improve this.

If you are badly addicted to gambling, even your "escrow" who will be holding your money for a limited time won't be able to help you.
I bet the gambler will eventually break the terms and force the escrow to return the money. They will start making excuses that they need the money for some other "purposes".
If you think you have addiction problem, don't go to an escrow, go to a real person who can help you with your addiction.

I think so because when he can win much money, he will not send all of the win money to the escrow, but only send some amount and telling that escrow that he only win that money
It's easy to say that while we are not in the "face to face" with the escrow because we will feel that is our win money, all of the amounts, so why we should send that money to the escrow and let them manage the funds

[goinmerry]

The more a gambler tried to limit his bet, the more they desire to gamble when they lose it within the set of periods they set with the supposed escrow or a person that entrusted with the fund.

This not actually effective for me. I'd rather try to resist the desire to gamble once I lose, with my funds just accessible anytime. If I set a certain amount to gamble per week and loses it all on the 2nd or 3rd day, there are chances that I will not follow the escrow terms.

We as a gambler have a mindset that once we won, we always want to repeat it that's why even with continuous loss, we don't stop.

[jrrsparkles]

Not really practical to apply, because we know how big the crypto gambling industry is and we have very few members who is trusted with such huge money so do you really think it is possible for them to handle all the traffic?

And why you can't do that by yourself.

[imstillthebest]

Not really practical to apply, because we know how big the crypto gambling industry is and we have very few members who is trusted with such huge money so do you really think it is possible for them to handle all the traffic?

And why you can't do that by yourself.

i know and the op know that not all gamblers are going to agree or do it , thats why he put limited on the title . that few people are possible to handle by few trusted escrows but that escrow should be really trusted and show proof that he still controls that original account just to be safe . doing it by ourselves or saving money on our own isnt really that effective because we can touch and gamble the money if we are bored .