How do you manage your money on gambling sites.

[Cookdata]

No sensible person would keep more money than they use for gambling in their gambling account because that doesn't make any sense. Gambling is not like trading where you might want to purchase a token or a coin all of a sudden and you might need funds for that so you keep some money as a spare in your account. Gambling is a luck-based thing where you wouldn't want to keep all your money at because you never know when you make a mistake and boom, all of it is gone.

A lot of people make the mistake of clicking the max bet button occasionally and they lose everything they have in their account if the bet doesn't come out as a win, this has even happened with me but fortunately, I didn't have a lot of money in my account but I was never lucky enough to win the bet.

I will rather be a fear man than wait till disaster happen to me. You know the idea of not your keys not your coins, most people don't take it seriously because they haven't been a victim or experience any of it. Had it been they have lost there entire worth into some groups of people, they will pick a race when they see any platforms without keys. Gambling platforms is just another type of centralized exchanges, they are not place to keep money, do whatever you want to do and as soon as you are done with them, migrate all the coins from the exchange to a personal wallet that you can control.

I'm not sure if I'm the only one experience this but anytime I have a win in betting platforms, I developed this anxiety that if u don't withdraw my money, they will later accuse of one thing or the other if u don't withdraw them and all are because of the reports of scam and reputation threads I come accross everyday on the forum, I don't want to be dragged and I don't want to drag either. I will withdraw my capital and the profit instantly and when I'm ready for the next bet, I will deposit again.

[Stable090]

They want to show off and attract people to gamble as we know most of people always interested to gamble because of money.

Most of those people that leave huge amounts of money in their gambling site wallet just do that to show off, I won’t be surprised if they just deposit that amount of money in their account, and they will just make screenshots of it and withdraw the money back into their account. But if the screenshot is posted on social media, people will start hyping them, but they won’t know that they don’t even gamble or leave that amount of money in their gambling account, they just deposited it there because they wanted to make screenshots or videos, and after doing that, they withdraw it back. Almost everyone on the internet is just living a fake life, and they are always doing things just to get people’s attention.

[harizen]

I'm not sure if I'm the only one experience this but anytime I have a win in betting platforms, I developed this anxiety that if u don't withdraw my money, they will later accuse of one thing or the other if u don't withdraw them and all are because of the reports of scam and reputation threads I come accross everyday on the forum, I don't want to be dragged and I don't want to drag either. I will withdraw my capital and the profit instantly and when I'm ready for the next bet, I will deposit again.

That should be good practice, withdraw the profit, and just make another round of deposits the next time. If there's no plan on playing right away after the previous session, it's risky to store coins on a third party even how reputable they are. I admit to having stored funds on a gambling site for less hassle deposit the next time I want to play again but that's because I'm a regular gambler and it's not that I'm storing decent value in the gambling site.

It's good that gamblers should enjoy their profits and cash out their winnings. Come on, enjoy it!

It's easy to just make a deposit again and play instead of storing a decent amount of coins on the gambling site.

[TelolettOm]

They want to show off and attract people to gamble as we know most of people always interested to gamble because of money.

There are typical of people who only want to show up without having a certain purpose. They may not have the intention to attract people, but people must be attracted with something like winning stories or huge balances.

You shouldn't think if they're really leave their money in the casino, you wouldn't know after they took a picture, they will withdraw the money to their non custodial wallet. Also remember, everything you see in social medias aren't 100% real, use your common sense.

Agree. They may withdraw it after they posted the screenshot. I'm sure they won't brave to keep it on the casino account when they already published it. Moreover if they are experienced gamblers, they must know if it is too risky keeping huge balances on the casino account. So, it is pretty true that we mustn't believe on them. In addition, the screenshot can be fake, too. It is not difficult to edit the amount of money on the balance.

[Don Pedro Dinero]

They want to show off and attract people to gamble as we know most of people always interested to gamble because of money.

There are typical of people who only want to show up without having a certain purpose. They may not have the intention to attract people, but people must be attracted with something like winning stories or huge balances.

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. But yes, in these broadcasts, the main motive is probably for the viewers to see a lot of money in the casino account.

[Mr. Magkaisa]

They want to show off and attract people to gamble as we know most of people always interested to gamble because of money.

Most of those people that leave huge amounts of money in their gambling site wallet just do that to show off, I won’t be surprised if they just deposit that amount of money in their account, and they will just make screenshots of it and withdraw the money back into their account. But if the screenshot is posted on social media, people will start hyping them, but they won’t know that they don’t even gamble or leave that amount of money in their gambling account, they just deposited it there because they wanted to make screenshots or videos, and after doing that, they withdraw it back. Almost everyone on the internet is just living a fake life, and they are always doing things just to get people’s attention.

          -   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.

[xSkylarx]

It is just to show off for sure because they will post it on social media and want to boast about their winnings and the balance of their account but if that person is cautious then for sure he will cover it. Then after taking a picture they will usually withdraw it. I've just recalled that a lot of influencers lately are showing videos where they are gambling and showing off their huge balance and they will be withdrawing it after making that content and their next content they are saying that they deposited money again to play which does not coincide with the previous content.

[Pierre 2]

I don't think withdrawal of money is necessary thing to do if you are gambling at very legit known website. All legit businesses are taking care of their customers anyways. But I need to point that we miss some option(s) to profit from through those deposit accounts. I wish all gambling websites included option to use my deposit account somehow (similar to binance earn program) and give some amount of money overnight.

[ethereumhunter]

No sensible person would keep more money than they use for gambling in their gambling account because that doesn't make any sense. Gambling is not like trading where you might want to purchase a token or a coin all of a sudden and you might need funds for that so you keep some money as a spare in your account. Gambling is a luck-based thing where you wouldn't want to keep all your money at because you never know when you make a mistake and boom, all of it is gone.

A lot of people make the mistake of clicking the max bet button occasionally and they lose everything they have in their account if the bet doesn't come out as a win, this has even happened with me but fortunately, I didn't have a lot of money in my account but I was never lucky enough to win the bet.

It happened to me too and probably still happens now. But like you, I also don't use much money in my account so it's a small loss. When gambling, I always try to budget a certain amount of money so that it won't disturb my finances and with that money, I can gamble in peace. So it is not recommended for people to save a lot of money in casinos because they can use more of their money for gambling.

It's better only to deposit money that we can afford to gamble or as our gambling budget for a few days. And don't deposit too much because it can tempt us to use it to gamble while we don't know when we can win gambling.

[edmundduke]

I also usually withdraw most of my funds. But depending on how much i got away with i usually leave 10-15% there just to goof around. 99% of the time i loose it.
I do want to mention that casinos that have a "Vault" feature to store coins between rounds are the best. Its so useful for trying out some auto bet stuff, or just to limit yourself. Should be mandatory for all sites tbh

[Negotiation]

I think if the casino sites are good and reliable then there is no need to withdraw money legit casinos store everything well. There are many other new sites that do not operate properly or have restrictions on betting so it is better to withdraw the deposit because not all sites work the same. There are crypto casinos that suit every need imaginable but the downside is that they can be difficult. The best thing is that most of them accept various cryptocurrencies as payment so be careful. You must choose a reputable platform to manage money properly. This means choosing one that offers fair odds, safe transactions and a safe environment. Some platforms offer bonuses for new players,l so it's always worth checking out what they have to offer.

[OgNasty]

I think the reason people leave funds on an internet gambling site would be mostly convenience. Maybe a secondary concern goes to saving money on withdrawal and transaction fees. If you know that you’re going to be gambling again in the future I don’t see a problem leaving some funds on a site, but I wouldn’t use it as a savings account or wallet.

[flipme]

Most gambling sites have centralized systems. I don't even trust banks. I would never put too much trust in any other centralized system. However, I still use centralized gambling sites within the limits that I set for myself. I don't go over my limits and I keep money in centralized systems that I can afford to lose because centralized gambling sites are constantly targeted by malicious people and we have seen in the past that centralized gambling sites have been hacked many times. I consider it risky to hold more than a certain amount of money on a centralized gambling site.

[swogerino]

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 don't know why people keep their money there as while you do so the urge to go back at gambling to win more is really really high.I personally always withdraw my winnings and only leave the initial deposited amount until I lose it all and call it a day for some time.

That is definitely the better practice to get your money out of a gambling website because as I said the desire to go back and gamble more with the hope to win more is only on the increase.The people who leave such balance there do it for 2 purposes I assume,one to show off or two to increase their VIP/Tier levels to get higher and higher bonuses weekly and monthly.

[inthelongrun]

Gambling sites are not intended for storing our savings. If they are gambling experts then most likely they know what they are doing. Maybe we can see big amounts in their accounts but we do have different levels as to how much big is big. Drake for instance usually bets around a million for a single game so it could be that $5 million in his account is not that big for him. And he bets regularly so there is no need to deposit and then withdraw every time he plans to make a bet. So it is not really surprising to see regular bettors just keeping their winnings in their betting accounts.

[Fivestar4everMVP]

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 .

[molsewid]

Gambling sites are not intended for storing our savings. If they are gambling experts then most likely they know what they are doing. Maybe we can see big amounts in their accounts but we do have different levels as to how much big is big. Drake for instance usually bets around a million for a single game so it could be that $5 million in his account is not that big for him. And he bets regularly so there is no need to deposit and then withdraw every time he plans to make a bet. So it is not really surprising to see regular bettors just keeping their winnings in their betting accounts.

I agree, even tho we can say that the gambling site we stored our money is quite reputable and has a many gamblers still no website is 100% safe from attacks even those website with multiple layer of security still has some flaws. What I mean is do not make gambling wallet like your exchange wallet or hardware wallet, do not be too  tight with paying transaction fee.

[Westinhome]

I frankly see my money being safer in most respected casinos like stake.com, then in sitting in my personal wallet. But i don't keep all my money in one casino. I often keep rest of them divided in other casinos and legit exchanges like binance and coinbase. Because when i don't store my money in stablecoins, if any of those gets hacked lethally, value of my coins would drop anyway, so it probably wouldn't hurt to lose some to hack if the value of those coins would drop instantly radically anyway.

The Stake was the top of the casino in this world,So holding money in the Stake will be safe as compared to holding in other casino.The Stake will have many games as to other casino,Since you don’t want to keep all money in one casino.It’s essential to find other trusted casino to keep your money.Some people use their half money in casino and other half in exchanges.So you are going to hold like this half in exchange and remaining half is casino.By this you can inverse all the profit from exchanges into the gambling.Like this you need to think differently on the demand of money and parallel do the trading which is important for the money rotation.

[Hispo]

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.

They may do that so they can show off they are successful in comparison to other gamblers. However, there are people out there who indeed prefer to store the bulk of their crypto budget into their account, instead a cold wallet.

It may be cause they want to save money from transaction fees (since they are sure they will be back quite soon to continue gambling).
Or Greed has completely taken them over and cannot help themselves to wager as much as they have in their account.

Regardless what the reason is, I wish everyone good luck and be aware of the risk of gambling at much money at the same time. 

[n0ne]

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 .

Agreed, not everyone does this. There is security issue and other problems with gambling platforms. No one keeps the entire life saving in the gambling platforms. This is more risky, because the platform is a centralised one. Apart from the centralized feature when we have fund on the wallet we'll get triggered to wager more. This could lead to be successful or losing the funds. As said big amounts kept on gambling platform wallet won't be a big thing for users who never get disturbed by the loss.