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Author Topic: How do you manage your money on gambling sites.  (Read 1315 times)
Crypt0Gore
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September 18, 2023, 05:15:12 PM
 #101

There is nothing we can do to stop this, many understand that casinos are a centralized and yet they leave money on the platform and keep their funds on them, but not everyone do such, I only deposit money into a new casino if I plan to use all the money for gambling and if I become lucky I will quickly withdraw the money off the casino still.

My plan was never to use more money for gambling than I should per week, if my threshold is meet I will quit gambling, everyone should be able to manage their money well, and they should also stay away from storing funds on any casino.

Traders leave money on centralized exchanges to avoid moving in the fund the next day which will cause them to pay extra fees for withdrawal, but they make sure to move their successful trades off the exchange and leave some money behind for trading the next day, casinos are not good for this, if you have to let your money sleep on a casino make sure it's not a lot of money.

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September 18, 2023, 05:19:56 PM
 #102

One thing I did consider is that, those who leave really huge amount of money on their gambling casino accounts already have more than enough in their wallet, as well as bank accounts, I mean, I won't immediately believe that in this time and era, someone will have his or her entire life savings stored or kept on a gambling casino, that's is a very foolish thing to do, and also very odd to believe.

So I am personally assuming that those guys are just so damn rich , and this amount of money they leave on the gambling casino is probably or possibly nothing to them if they lose it, it's the reason why they do gambling with such amount of money in the first place .

Exactly. These guys no longer have problems with money, hence they can easily leave a huge sum in their accounts without any hesitations or problems. Plus, with their status and their money, they can easily get that back as they can use their connections to go after the platform. Having lots of money is a cheat code in this day and age, as it gets you what you want when you want it.

People who are gambling in hopes of getting rich will never leave a huge amount in their gambling accounts. They'll immediately withdraw the winnings once it gets significant and try winning again with just a small sum.

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September 18, 2023, 07:32:07 PM
 #103

One thing I did consider is that, those who leave really huge amount of money on their gambling casino accounts already have more than enough in their wallet, as well as bank accounts, I mean, I won't immediately believe that in this time and era, someone will have his or her entire life savings stored or kept on a gambling casino, that's is a very foolish thing to do, and also very odd to believe.

So I am personally assuming that those guys are just so damn rich , and this amount of money they leave on the gambling casino is probably or possibly nothing to them if they lose it, it's the reason why they do gambling with such amount of money in the first place .

Exactly. These guys no longer have problems with money, hence they can easily leave a huge sum in their accounts without any hesitations or problems. Plus, with their status and their money, they can easily get that back as they can use their connections to go after the platform. Having lots of money is a cheat code in this day and age, as it gets you what you want when you want it.

People who are gambling in hopes of getting rich will never leave a huge amount in their gambling accounts. They'll immediately withdraw the winnings once it gets significant and try winning again with just a small sum.

I would have to agree if the guy is not a streamer.  But the fact that the person is a streamer, it is possible that the balance is maybe sponsored by the casino he is promoting.  We all know that casino streamers are being sponsored by the casino itself.  So the streamer may be leave the money there because he is not allowed to withdraw that amount.  There is also a possibility of bragging since it is possible after the screenshot he will withdraw the money if it is really his.

As a gambler, I never leave my remaining fund in the casino after playing.  I always withdraw them especially if I get a bigger win.
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September 18, 2023, 07:39:15 PM
 #104

The recommended thing is of course to withdraw your balance from the casino, but leave some there if you still want to come back the next day. Most gamblers post their winnings and balances at the casino to show off, but I believe they just don't tell you when they withdraw their winnings.

Leaving a lot of budget in a casino without using it for gambling is never recommended, in fact you are advised to stop gambling after winning something decent and continue your gambling at another time. So far I have not deposited anything in the casino, obviously it is the best option to avoid unexpected risks.

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September 18, 2023, 09:29:15 PM
 #105

...//,,,...

          -   You have a point in what you said, mate. People whose only intention is to get hype will really find a way to achieve their aim.
As you said, it can really happen that someone will deposit a large amount in a casino, take a screenshot to show that he won in a gambling game, and then post it on any social media to encourage people to sign up using his referral link.

That's their strategy, and there are others who are also doing it just to show off, although there are others who are really good gamblers and really win, but others are just pretending, so I agree with what you said.

THE point is that none of the cases should influence the decision, it doesn't matter if it is true or a lie, it is just referential information.

So, someone who arrives at a certain site and is given a link with the message:  he's going to make big profits, he's doing his job, I have proof , it doesn't matter if that person is Daniel NEgreaunu or "Mr. PePe", it's ever my decision.

The management of your money is always 100% your decision, it happens with the use of a sponsor, just because you see Messi in front of a casino does not have to give you more confidence, it is the objective.

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September 18, 2023, 09:44:18 PM
 #106

Why would anyone do such?? You think they dunno the intricacies of doing so?? I believe it's a show off...yeah? Cus you'll never be convinced when someone's got nothing left on Thier balance, showing some meagre winnings to you...it's part of the marketing strategies...
Secondly, we've heard stories of casinos folding up for several reasons- one of which is usually very controversial, I would say is Bankruptcy. If this happens, no funds are spared... isn't it enough reasons why you shouldn't HODL hundreds of thousands of dollars in your casino wallets?

Sandra 🧑‍🦰

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September 18, 2023, 10:31:14 PM
 #107

I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.
I deposit a set amount, and I play till that goes to zero (or if I'm bored already). If there's leftover money, then I deduct that from my regular deposit amount and then play with it. I usually play small most of the time so even a low bankroll can net me quite a few games though I still do one of those YOLO moments on crash just because. It's kind of scary in the first place to leave money in casinos, just like how you will in exchanges since afaik they don't hold responsibility for it or something? I'd much rather withdraw anything big if i do get one than hold it so that I can share it for clout.

 
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September 18, 2023, 10:59:25 PM
 #108

I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.

Allowing people to see their wallet balance is for showoff and adversimemt. They simply want to look rich before the public. I don't think they would show it if the wallet balance is low. Showing a high wallet balance will also attract more attention and views. It is just a message that shows that they have proof that they are successful gamblers. Anyone who keeps his wins or large amounts of funds in his casino account is risking his funds. No doubt many reputable casinos have been stable for a long period. But if they are not licensed to operate as banks or exchanges, we should not use them for savings. It is better to leave only funds that have been budgeted for gambling in casinos.

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September 18, 2023, 11:55:11 PM
 #109

Apart from showing off there are also many people who leave a bankroll in the casino and the bets they place are small percentages of the bankroll, which you can see that the OP does not do. It is something that makes more sense if you do sports betting or poker but there are people who do it in casino games as well and you avoid having to deposit each time.
Yep, maybe there are people who keep the money to avoid very often deposit to gambling account. Sure, it more sense if they do it for betting or playing poker. However, I think it is still not a secure way. I'm sure although it is for betting or poker, most gamblers won't keep too much money on their casino accounts.

But yes, in these broadcasts, the main motive is probably for the viewers to see a lot of money in the casino account.
True. The possible reason is to have higher viewers. As I said before, people must be interested in huge balances. It will automatically attract people to see the post. Although some people may understand it is not something real, they still want to check it because they are curious about that. It is one of the trick to add more viewers, post something interesting.  Grin


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September 18, 2023, 11:56:01 PM
 #110

I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 
So far, I believe there are two strong possibilities influencing why he keeps a significant amount of money on an online gambling platform.

1. Perhaps he has recently won something substantial, causing a drastic increase in his balance. Before withdrawing the funds from the gambling platform, he takes a screenshot and proudly shares it with his friends, signaling his success in the game. It's possible that after taking the screenshot, he proceeds to initiate a withdrawal.

.2 This scenario might be typical for someone who is not well-versed in centralized systems. It's conceivable that he refrains from making a withdrawal because he intends to play other games at a later time. After a big win, he may believe that more victories are on the horizon.

As someone accustomed to cryptocurrency and other decentralized assets, it's indeed viewed as a risky move, as the money held by the gambler is under the platform's control. So, it's reasonable for you to bring up this topic, and it's possible that the individual with a substantial balance on the gambling platform is unfamiliar with the differences between decentralized and centralized systems.
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September 19, 2023, 02:02:32 AM
 #111

Allowing people to see their wallet balance is for showoff and adversimemt. They simply want to look rich before the public. I don't think they would show it if the wallet balance is low. Showing a high wallet balance will also attract more attention and views. It is just a message that shows that they have proof that they are successful gamblers. Anyone who keeps his wins or large amounts of funds in his casino account is risking his funds. No doubt many reputable casinos have been stable for a long period. But if they are not licensed to operate as banks or exchanges, we should not use them for savings. It is better to leave only funds that have been budgeted for gambling in casinos.
Saving money on casino is consider not a good reason. Gambling is risky, it's not easy as illustrated by these gambling top influencers who are after their won personal gains and nothing more. They do have a strong community that's capable of boosting the ratio of their gambling ads, always ready to take good advantage of these opportunities to make extra cool cash, but for me I'm already used to the entire process. Saving and displaying the hugh figures in an account are the processes that are involved in gambling ads, tends to persuade and influence the decisions of the public.

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September 19, 2023, 02:26:58 AM
 #112


Saving money on casino is consider not a good reason ~snip~

Yes, of course that is not a good choice. If there is a balance on a gambling site, I personally tend to play continuously and I am sure the results will be bad, the money will all be gone. Withdrawing money from gambling sites makes us unable to play continuously and control our finances and control ourselves from gambling addiction. In my opinion, the ideal gambling is once a week. If you gamble too often, you will usually lose a lot because controlling your emotions becomes more difficult.
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September 19, 2023, 02:33:34 AM
 #113

While everyone thinks its for show off, lets not forget that most people are ignorant. They are similar to traders that keep funds on exchanges. I've left some good amount in a casino and even felt comfortable leaving them there, because it helped me gamble swiftly and keeps my bank roll high at all times. Also, it depends on the gambling strategy of the player, some people wants to pause gambling at will, not because of insufficient balance. Additionally, if a player sets some funds apart for gambling and wins through the funds, it'll be great to play with his winnings, and save his fiats for other things. However, it's risky, but the effect can be different for individual players, when the casino malfunctions or goes offline. But, these casinos, some, are registered with physical offices. If such thing as a casino going offline occurs, affected players have a physical office they can approach or sue to get back their money. Though it's rare for an online casino to go offline without prior warning or problems that'll signify players to get off their funds. Hence, players who do that, should always stay observant, to be on a safe side. Don't forget that some gamblers have lots of money, their only problem is where to keep it.

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September 19, 2023, 02:53:09 AM
 #114

Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.
Like most people, the balance displayed is just for show so other people think that the balance displayed is the result of playing at the casino. There is no other purpose, although it is usually one of the requests of the casino to get people in the group interested in playing. Personally, I don't like keeping old balances in casino accounts, let alone having to leave them unplayed or withdrawn. There is a kind of worry that we forget and the balance could be locked by the casino because it is deemed that there is no activity from the owner.

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September 19, 2023, 03:31:13 AM
 #115

They might be rich people. Have you considered that? Wink They don't care about leaving a huge amount in their wallets because they can afford to lose that or some of them are betting high amounts so they would need that balance to keep the game going. Depositing and withdrawing back and forth might be a drag for them so it's just better to keep it there if they will keep on gambling every day.
You are correct, it's not right to keep a big balance in one account but those are for average people like us who are afraid that we might lose it more if we keep it there because of the temptation that we might gamble it more.
For me, I have my own number to withdraw, $50 and I am happy to take it out.  Cheesy

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September 19, 2023, 03:52:51 AM
 #116

Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 
There are two different sides in my view to an account that holds so much balance there. First, they are influencers who share content on social media with large balances on their demo accounts. Second, the motive is just to show off (if the account is real). Active gamblers are very aware of the risks that can arise from storing their money on online gambling sites, they will not allow their money to be stored for a long time in a place where the level of security is not guaranteed.
My assumption is that there are many motives for content found on social media, maybe they immediately withdraw all the money after the content is created or they are part of the site that deliberately distributes videos on social media to attract other people's interest in visiting their site.

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ethereumhunter
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September 19, 2023, 09:21:48 AM
 #117

Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.
Like most people, the balance displayed is just for show so other people think that the balance displayed is the result of playing at the casino. There is no other purpose, although it is usually one of the requests of the casino to get people in the group interested in playing. Personally, I don't like keeping old balances in casino accounts, let alone having to leave them unplayed or withdrawn. There is a kind of worry that we forget and the balance could be locked by the casino because it is deemed that there is no activity from the owner.
We will not know whether the amount they get is the amount they can withdraw or whether the amount is the amount the casino has given them to play and get more people to register at their casino. They are just showing off and will not show how much they withdraw and that's why we don't need to think about it because it is just entertainment for the audience.

We also don't need to keep too much balance in our gambling account because that's risky and it's better to keep enough balance that we can use at any time. This is to reduce the risks that may occur to our gambling account. And if we can win a lot of money, we should withdraw the money to another wallet and leave a few dollars in the gambling account to gamble another day.

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leonair
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September 19, 2023, 09:49:20 AM
 #118

I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 
This could be due to several reasons
1. He is showing off and showing everyone that he is very expert in gambling
2. He is going to withdraw larger amounts together
3. He sometimes wants to take advantage of this opportunity to win a huge amount because of the sure bet he can do so.
4. Maybe he owns a lot of money so he doesn't care about this amount of money
There could be many other reasons which we cannot say for sure

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September 19, 2023, 10:37:10 AM
 #119

I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.
You already knew the answer mate , and that is for show off or else they are not stopping playing  day and night so continuously leaving their funds inside so it will be available at any moment?

not sure what are their main reason but for me , it is to empress others because of how much they won and how much money they still have in their account.

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September 19, 2023, 11:00:36 AM
 #120


Saving money on casino is consider not a good reason ~snip~

Yes, of course that is not a good choice. If there is a balance on a gambling site, I personally tend to play continuously and I am sure the results will be bad, the money will all be gone. Withdrawing money from gambling sites makes us unable to play continuously and control our finances and control ourselves from gambling addiction. In my opinion, the ideal gambling is once a week. If you gamble too often, you will usually lose a lot because controlling your emotions becomes more difficult.

If you already won enough money on the day you should be withdrawing it as it needs to be spent on something else not on betting it back on their platform as the chances are huge that you will lose it all. You are right withdrawing it prevents us from playing more. Even though we can deposit back but you still need to go through some process to play again.

Doing gambling once a week is better than gambling on a daily basis but it is better to not have that frequency because you are looking forward to ending the week so that you can play. It is better to play when it has already been a long time since you've played like more than a month or you have forgotten so that you cant keep thinking of it.
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