Can money be saved in gambling sites?

[tusandii]

People probably already know that storing our assets in a casino or exchange is not recommended, there are many things that can make us lose these assets, the casino closes, our account is hacked or when the casino applies a fee for dormant accounts so it's better to save it in our personal wallet, but currently casinos also provide other ways for gamblers to earn income such as staking or investing, things like this that players may not be aware of can also give us the opportunity to lose, so apart from that, never put our money in a casino and if we want to following other features, we must understand the risks and only use money that you can afford to lose.

Very well said. There is a risk in storing our money in a casino, and it's not the right place for that purpose. It's better to save it in an exchange than in a casino because casinos might even close a dormant account. By 'dormant,' I mean an account where funds are deposited, but the owner is not actively gambling. In my opinion, this is not ethical.

Saving money in a casino is the same as saving our money on the same exchange which carries a very big risk if one day bankruptcy occurs or the site is hacked and of course we can't blame anyone after a problem like that happens because everyone knows, even online criminals also know. If gambling and the exchange are the biggest places for money and there is a risk of being hacked by hackers, it is very unsafe to save money in these two options.
When someone says it is better to keep money on an exchange rather than on an online gambling site that is a very wrong statement, even keeping money in a personal wallet still carries the risk of being hacked.
So nothing is truly safe in the online world unless you hold the money in fiat, which is much safer.

[kamvreto]

~

If they have $1000 dollars for example in a gambling account it's not a problem because it will be used for the bets they often make, but if there is an intention to keep the money in the casino then that is reckless IMO.

Are there no other options than at the casino? It's clear exchanges are better for depositing than in casinos "even exchanges are still risky" But there are still other options with non-custodial wallets.

Can't believe there are people with behavior like that, I entered the casino just for entertainment with a few dollars to play with.

I also enter casinos for entertainment only, not to earn much income. I use the minimum funds that I have set, it will not be more than what I will spend. Storing larger assets is of course in a non-custodial wallet, that's the best. Saving at the casino is only a few tens of dollars in playing capital. It depends on each person's ability, if you have $1000 to use to play then it doesn't matter because it will be withdrawn again in the end if he wins.

[Josefjix]

Saving money in a casino is the same as saving our money on the same exchange which carries a very big risk if one day bankruptcy occurs or the site is hacked and of course we can't blame anyone after a problem like that happens because everyone knows, even online criminals also know. If gambling and the exchange are the biggest places for money and there is a risk of being hacked by hackers, it is very unsafe to save money in these two options.
When someone says it is better to keep money on an exchange rather than on an online gambling site that is a very wrong statement, even keeping money in a personal wallet still carries the risk of being hacked.
So nothing is truly safe in the online world unless you hold the money in fiat, which is much safer.

Making money online is simple, we just have to develop brilliant ideas that would explore the necessities that surround us. Saving money on gambling sites, we tend to be open to major risks which would probably having a negative effects on our accounts. How would one even think of saving money in a gambling sites, it makes no sense to me because we have banks and our crypto exchange and wallets. Firstly, we tend to be tempted and would want to place wagers on these games and at the end of the day, using budgeted money to gamble and losing to the system, which we might later regret.

[DaNNy001]

~

If they have $1000 dollars for example in a gambling account it's not a problem because it will be used for the bets they often make, but if there is an intention to keep the money in the casino then that is reckless IMO.

Are there no other options than at the casino? It's clear exchanges are better for depositing than in casinos "even exchanges are still risky" But there are still other options with non-custodial wallets.

Can't believe there are people with behavior like that, I entered the casino just for entertainment with a few dollars to play with.

I also enter casinos for entertainment only, not to earn much income. I use the minimum funds that I have set, it will not be more than what I will spend. Storing larger assets is of course in a non-custodial wallet, that's the best. Saving at the casino is only a few tens of dollars in playing capital. It depends on each person's ability, if you have $1000 to use to play then it doesn't matter because it will be withdrawn again in the end if he wins.

Well I would still say this because I don't know how this is an excellent idea. I mean how would you even think of saving coins or money in your gambling account because it's not safe and it's very unreasonable to even do so. Well if you are hard core gambler then keeping some fraction of money is understandable because always depositing into the account will inquire more charges.

[Odohu]

Gambling sites is just like exchange,  it will be so risky to save money on gambling site because anything can  happen which know one can predict the future of any gambling site. I every gambling site is just like every centralised exchange that money are not totally safe for people to make savings in it. I can't still figure out why one would prefer to make gambling site a place for savings. Let gambling site serve for it purpose and let the bank serve for the purpose of savings.

This is nothing but the truth. Gambling sites are centralized and hold your funds. It is not supposed to be used for saving your funds. Even though we have not heard much of hacks in gambling sites, I don't think it is safe to save funds there.

Personally, I don't keep funds, I don't intend to use in gambling, on the website and whenever I have winnings, I quickly withdrawal all and leave only the funds I want to use in playing more games there.  Besides, if you have too much funds in the site, there is the tendency to over-stake or just take irrational decision.

[Westinhome]

This is nothing but the truth. Gambling sites are centralized and hold your funds. It is not supposed to be used for saving your funds. Even though we have not heard much of hacks in gambling sites, I don't think it is safe to save funds there.

Personally, I don't keep funds, I don't intend to use in gambling, on the website and whenever I have winnings, I quickly withdrawal all and leave only the funds I want to use in playing more games there.  Besides, if you have too much funds in the site, there is the tendency to over-stake or just take irrational decision.

It’s not good to hold your money in the gambling sites,if you not feel comfortable to save the money in the website.The hacking is the common factor for all cryptocurrencies based platform.The trading account of many traders also getting hacked,So we can’t say the hacking as the reason for not holding funds in the gambling site.If the website with good reputation over huge years,then I will keep my money without doubt.Because we know the trusted website will never scam few dollars.If you feel you get addicted in gambling,it’s better to do withdrawal of full money from the website after the big win from the gambling.

[uneng]

Well I would still say this because I don't know how this is an excellent idea. I mean how would you even think of saving coins or money in your gambling account because it's not safe and it's very unreasonable to even do so. Well if you are hard core gambler then keeping some fraction of money is understandable because always depositing into the account will inquire more charges.

It makes sense only if the casino offers you a benefit if you keep your funds deposited on the platform.

Like at freebitco.in, where they pay daily interest over your total balance, so it works like a saving account generating passive income every day. Of course there is still some risk involved, but if the goal is to keep funds at a gambling platform, at least let it at one which keeps generating some extra income.

[rojan]

Why would you want to save money on a gambling site despite the fact that there are various types of investment and money saving mediums like bank deposits, gold, silver, real estate, bitcoins in the country? lol. Saving money on a gambling site is the same as putting meat in front of a tiger's mouth. So it would be one of the worst thoughts if one wants to save money on gambling sites. A gambler can never control himself when there is money on the gambling site and he will rush to gamble with that money. and lose that money

I think we should keep whatever money we have as deposit in the bank. We will deposit in the gambling site as much money as we can gamble and enjoy and if all the money is kept in the gambling site then we will be very stupid. Many people while gambling.  There are people who cannot control themselves so if one starts gambling with all his money in a gambling site then when he loses some money there is a possibility of losing all money to recover that money.

[Hirose UK]

Well I would still say this because I don't know how this is an excellent idea. I mean how would you even think of saving coins or money in your gambling account because it's not safe and it's very unreasonable to even do so. Well if you are hard core gambler then keeping some fraction of money is understandable because always depositing into the account will inquire more charges.

It makes sense only if the casino offers you a benefit if you keep your funds deposited on the platform.

Like at freebitco.in, where they pay daily interest over your total balance, so it works like a saving account generating passive income every day. Of course there is still some risk involved, but if the goal is to keep funds at a gambling platform, at least let it at one which keeps generating some extra income.

Casinos will not offer benefits to any gambler who will save a certain amount of money or tokens on the casino site and saving money or assets on the casino will only provide big risks and make us uneasy because there are several factors that can endanger all the assets we have, for example when we store Bitcoin assets in a casino then there is a large scale price increase automatically the amount of assets we own will experience an increase in value then the casino might make it difficult if we want to withdraw assets such as asking for a number of KYC requirements besides I not sure there is a gambler storing assets in in the casino without using it to bet until it runs out with nothing left .

Still the main choice when you want to store assets is in a private wallet that has nothing to do with third parties.

[masulum]

It makes sense only if the casino offers you a benefit if you keep your funds deposited on the platform.

Like at freebit.co.in, where they pay daily interest over your total balance, so it works like a saving account generating passive income every day. Of course there is still some risk involved, but if the goal is to keep funds at a gambling platform, at least let it at one which keeps generating some extra income.

Yup, there is no reason to keep money for a long time on a betting platform except to use it for gambling. Freebitco.in offers rewards for FUN tokens holders. Keeping money on a gambling platform for too long carries the same risks as keeping money with someone else. Even though the casino service is trusted, we have to think negatively "what if someday there is a change in the rules that makes it difficult for me to withdraw money?". Thus, someone will think twice before keep his money on any platform. A safe place to put money is a wallet that we control.

[mvdheuvel1983]

Gambling sites is just like exchange,  it will be so risky to save money on gambling site because anything can  happen which know one can predict the future of any gambling site. I every gambling site is just like every centralised exchange that money are not totally safe for people to make savings in it. I can't still figure out why one would prefer to make gambling site a place for savings. Let gambling site serve for it purpose and let the bank serve for the purpose of savings.

You know what's so crazy about this discussion, it is the fact there is someone out there who saves his money in a gambling site. There are different reasons for saving money. And these reasons determine the duration which may range from short-term, medium , and long-term.

Therefore the one who decides or is already saving his money on a gambling website may have a short to medium term saving plans. The risk is not high within these ranges but this depends on the amount and the how long the person the casino has been in business for. Please note that I am answering based on the POV of the person who is already crazy enough to save thier money there.

[bayu7adi]

Indeed, only a small amount, and it will certainly be used for gambling when the next leisure time comes around. When I'm more confident in keeping money in my own wallet, a significant portion of my funds will be there rather than on the gambling platform. Winnings from gambling are usually promptly withdrawn to secure my luck and leave a balance for playing games tomorrow.

It makes sense only if the casino offers you a benefit if you keep your funds deposited on the platform. Like at freebit.co.in, where they pay daily interest over your total balance.

It's an enticing offer, and this site has maintained a good reputation over time. As long as you're adept at managing and setting limits on your gambling budget, it doesn't seem like a bad idea to store it in a wallet with daily interest benefits.

[maydna]

Indeed, only a small amount, and it will certainly be used for gambling when the next leisure time comes around. When I'm more confident in keeping money in my own wallet, a significant portion of my funds will be there rather than on the gambling platform. Winnings from gambling are usually promptly withdrawn to secure my luck and leave a balance for playing games tomorrow.

Of course, it's okay only to save a little money in our gambling account to avoid bad things that could happen. I also keep a little money in my gambling account because I don't have a regular gambling schedule. I can gamble directly with that money and don't need to deposit any more money unless I use all the money to gamble on another day. And if I get a win that can reach the minimum withdrawal amount, I will withdraw the winnings while leaving a little money for me to use to gamble another day. This will save me time in gambling because I can play immediately without waiting for the money to enter my gambling account.

[piebeyb]

Still the main choice when you want to store assets is in a private wallet that has nothing to do with third parties.

Because it's much safer than saving money in a casino because I had a bitter experience when I accessed my casino account again after not using it for a long time. As far as I remember, there were still some dogecoins where at that time the price was still relatively cheap so I left it at the casino, after I saw the price. up I accessed it again then my account was frozen so all funds were also frozen. So I took that as a lesson, never leave any funds in a casino even if it's small money.

We will never know the value of the crypto that we leave in the casino could rise and become valuable, the point is always use a personal wallet that can be used to store the crypto money that we have in the casino, don't put it in a third party as you said, whether it's a casino or exchange. 

[livingfree]

Indeed, only a small amount, and it will certainly be used for gambling when the next leisure time comes around.

That's what I'll do as well but there are some gamblers that they wanna keep money on online/crypto casinos for their own style of saving money. There could be a main reason behind that so that their money won't be tracked.

But that should be the main purpose why someone wants to keep money in their casino accounts, to preserve it for their next time to gamble and play again.

And to answer if it can be done, so yes but everyone has their own reasons why we are keeping it there.

[Juse14]

Indeed, only a small amount, and it will certainly be used for gambling when the next leisure time comes around. When I'm more confident in keeping money in my own wallet, a significant portion of my funds will be there rather than on the gambling platform. Winnings from gambling are usually promptly withdrawn to secure my luck and leave a balance for playing games tomorrow.

Of course, it's okay only to save a little money in our gambling account to avoid bad things that could happen. I also keep a little money in my gambling account because I don't have a regular gambling schedule. I can gamble directly with that money and don't need to deposit any more money unless I use all the money to gamble on another day. And if I get a win that can reach the minimum withdrawal amount, I will withdraw the winnings while leaving a little money for me to use to gamble another day. This will save me time in gambling because I can play immediately without waiting for the money to enter my gambling account.

Indeed, if you keep it in small amounts, it will be okay and will not be a serious problem. However, personally, I always empty my balance after I decide to stop playing, whether for large or small amounts. Because whether small or large is still money, and I do this apart from preventing my balance from being lost for no reason, but I also do this to prevent me from being more regular in my gambling activities. Because quite a few people, as long as there is a balance in their account, that is how long they will gamble. I'm just trying to reset my gambling activities and one way is to always empty the balance in my gambling account.

[coinerer]

Why would you want to save money on a gambling site despite the fact that there are various types of investment and money saving mediums like bank deposits, gold, silver, real estate, bitcoins in the country? lol. Saving money on a gambling site is the same as putting meat in front of a tiger's mouth. So it would be one of the worst thoughts if one wants to save money on gambling sites. A gambler can never control himself when there is money on the gambling site and he will rush to gamble with that money. and lose that money

I think we should keep whatever money we have as deposit in the bank. We will deposit in the gambling site as much money as we can gamble and enjoy and if all the money is kept in the gambling site then we will be very stupid. Many people while gambling.  There are people who cannot control themselves so if one starts gambling with all his money in a gambling site then when he loses some money there is a possibility of losing all money to recover that money.

Bank can be a good and reliable medium for saving money but here it is only possible to save one's own money and also it is not possible to get good interest because the bank gives a very small amount of profit. so if we find a good asset for savings like bitcoin gold and invest money on them thinking of future savings then maybe it can bring a positive result. However, it is not possible to save money on gambling sites.  Because if there is money there will definitely be more tendency to gamble and that money may be lost through gambling. So it can never be through a strong servings method

[darewaller]

You can save money wherever you want, but the question is why should you save it there? There is no guarantee that a betting account or gambling site can be accessed forever, what if their website suddenly cannot be accessed, of course your money that is there will disappear in an instant.
You have to realize how difficult it is to earn money, the fatigue and time spent just to collect money. Choose a storage location that you can control. If the money you mean comes from winnings after you bet, immediately withdraw it all to save it somewhere else where you can maintain a level of security. You have to manage your money well to prevent risks that might occur.

You just said that we can save money wherever we want, so why ask for a reason? But if there is; maybe because he is comfortable with it? If he have the urge to gamble he can gamble easily. No need to waste time and fees when transferring but we shouldn't worry because I'm sure he will also do withdrawals wherever he wants money.

As long as the gambling house is trusted, they will have an announcement if they will want to close their business and we can always pull out all of our money there. Trusted gambling sites do also have a good security but we should know that an unexpected hack can still happen. Even stake, Binance and other top sites can get hacked too.

[Blitzboy]

Why would you want to save money on a gambling site despite the fact that there are various types of investment and money saving mediums like bank deposits, gold, silver, real estate, bitcoins in the country? lol. Saving money on a gambling site is the same as putting meat in front of a tiger's mouth. So it would be one of the worst thoughts if one wants to save money on gambling sites. A gambler can never control himself when there is money on the gambling site and he will rush to gamble with that money. and lose that money

I think we should keep whatever money we have as deposit in the bank. We will deposit in the gambling site as much money as we can gamble and enjoy and if all the money is kept in the gambling site then we will be very stupid. Many people while gambling.  There are people who cannot control themselves so if one starts gambling with all his money in a gambling site then when he loses some money there is a possibility of losing all money to recover that money.

Bank can be a good and reliable medium for saving money but here it is only possible to save one's own money and also it is not possible to get good interest because the bank gives a very small amount of profit. so if we find a good asset for savings like bitcoin gold and invest money on them thinking of future savings then maybe it can bring a positive result. However, it is not possible to save money on gambling sites.  Because if there is money there will definitely be more tendency to gamble and that money may be lost through gambling. So it can never be through a strong servings method

Banks do offer stability, but the returns? Yeah, peanuts. Bitcoin and gold can be interesting; their value often bucks the trend of traditional financial instruments. And who doesnt like the idea of their assets, well, actually appreciating in value? Keeping money in gambling site is really a bad idea. Investing is about discipline and foresight, and gambling sites... well, they play a different game. One should always approach them with caution.

[fullhdpixel]

Why would you want to save money on a gambling site despite the fact that there are various types of investment and money saving mediums like bank deposits, gold, silver, real estate, bitcoins in the country? lol. Saving money on a gambling site is the same as putting meat in front of a tiger's mouth. So it would be one of the worst thoughts if one wants to save money on gambling sites. A gambler can never control himself when there is money on the gambling site and he will rush to gamble with that money. and lose that money

I think we should keep whatever money we have as deposit in the bank. We will deposit in the gambling site as much money as we can gamble and enjoy and if all the money is kept in the gambling site then we will be very stupid. Many people while gambling.  There are people who cannot control themselves so if one starts gambling with all his money in a gambling site then when he loses some money there is a possibility of losing all money to recover that money.

It's not just about having no self-control and gambling it all away, because if you are addicted and have no self-control, you will still gamble everything you have even if it's in the bank or your crypto wallet which can be easily deposited which isn't a big deal, but, a casino is not a place to store your cryptocurrencies or money, if you are not using that money for gambling, simply keep it somewhere where it can be safe from attacks and account breaches.

You can barely hear about a person's non-custodial wallet getting compromised and their funds getting stolen, but you will always hear news about casino platforms getting hacked, user accounts being compromised and scammers and hackers stealing millions of dollars from the platform. I bet one wouldn't want to be a victim of that.