How do you manage your money on gambling sites.

[Dr.Bitcoin_Strange]

A gambler will probably rarely show their casino wallet balance and if they could, they wouldn't show it in public or on social media just to show off. But maybe some influencers do it just to show off so that many people or their followers will be amazed to see it. But saving large amounts of money in a gambling account balance is unnecessary because we have to be careful with our money and even though the money is intended for gambling, it is still not worth doing. It's better to immediately withdraw the money and only deposit the money we can afford to gamble. And even if we can deposit large amounts of money into a gambling account, that means that it is money that we can afford to use for gambling so that if something happens, we will not regret it.

The truth is that there's no one that saves on casinos unless it's just the money that you have decided to spend all on gambling too. Recently, stake casino was hacked, and the hackers made away with millions of dollars. It's even enough reason for gamblers to be afraid of keeping huge amounts of money in the casino. The reason why someone would keep a huge amount in a casino is for the same reason that everyone has just been talking about, which is to show off and convince people that they are influential gamblers that always make huge wins.

[1715209040]

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[1715209040]

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[wheelz1200]

Most of the time it's laziness.  People do the same thing in keeping theor crypto on trading exchanges its the same thing
  The beauty of crypto is that you can send it to a wallet where only you control it with no one else with access (to include banks).  It's a shame people don't use crypto how it was intended to be used.

[Silberman]

Besides, people who play with real funds that they have worked for themselves usually hide such balances to avoid critics of all walks.

This is true, and I've noticed additional reasons to avoid placing your faith in others on social media.  All of these platforms simply brag about their enormous balances for their own individual motives, such as to entice users to their services or perhaps to defraud them. You are correct that it is improper to display your balance, as many members have recommended, and that no one would wish to do so in order to avoid being a target of fraudsters.

If people have no problem lying to your face, can you imagine how easy it is to do so online where almost anything can be faked in one way or another? There is a reason social media celebrities are called influencers, they are trying to sway you and make you think what they want, most of the time with the express purpose of obtaining money out of you, and when so much money is at stake then you must assume that a great deal of those people do not have your best interests at heart.

[Godday]

The reason why someone would keep a huge amount in a casino is for the same reason that everyone has just been talking about, which is to show off and convince people that they are influential gamblers that always make huge wins.

I think this is what a lot of people think. There is no advantage whatsoever in keeping your money in a gambling account. Those who save their money there are usually gamblers who sell their gambling content on the Internet. When they have big enough money, people will watch their channel because they want to see the big bets that will be played. I think they want to show off but also because they make content related to gambling. That makes it all make sense.

[ethereumhunter]

The truth is that there's no one that saves on casinos unless it's just the money that you have decided to spend all on gambling too. Recently, stake casino was hacked, and the hackers made away with millions of dollars. It's even enough reason for gamblers to be afraid of keeping huge amounts of money in the casino. The reason why someone would keep a huge amount in a casino is for the same reason that everyone has just been talking about, which is to show off and convince people that they are influential gamblers that always make huge wins.

We decide to keep the money in our gambling account or send it to another wallet so it can be safer. But if there are still more cases of hacking in casinos, we should send the money we have in our gambling account to another wallet and only deposit enough money to gamble. It will reduce the risk of our gambling account being hacked by hackers so we don't have to worry about anything. We also don't need to show off our winnings to the public because that can cause negative things and will make some people find out more about our gambling account. And later, they might try to get into our gambling account to steal the money. It's better to save the winnings in another wallet to make it safer.

[Negotiation]

Social media is an unreal place where people lie about just about anything. And it is easy for them to get away with it because it cannot be verified. In sports gambling where naive and greedy gamblers are drawn into several signal groups by bet slips, testimonials, and others. The story always remains the same if you naively follow those people who display their winning slips on social media, you will lose. They are not genuine people. I see how they shut down people who oppose them and call out their scams. As a sports gambler it will pay you well if you do not depend on these people, try and get your game your self instead of looking to them. 

As the number of social media apps increases so do the scams. Caution should be exercised at all times while using social media platforms. Otherwise the risk is all data will fall into the hands of scammers within second, I also think it's best to play your own experience some offer low wins per game, others offer big payouts. If your goal in going to the casino is to win big you need to choose your games carefully. You can go for shorter time limit games win money faster or play games that require a lot of strategy and skill but offer bigger payouts.

[noormcs5]

Most of the time it's laziness.  People do the same thing in keeping theor crypto on trading exchanges its the same thing
  The beauty of crypto is that you can send it to a wallet where only you control it with no one else with access (to include banks).  It's a shame people don't use crypto how it was intended to be used.

If managing money means where to keep our crypto, then for sure, gambling sites or trading sites are not the ones where we should store our crypto. We can move our crypto to these sites to gamble or trade but as soon as we get the profit, its time to move them back to our wallets.

I usually tell my friends that once you go to the shop and buy something, you bring that thing home. So when we get some profits/coins from gambling sites, why we are happy to keep them there?

In case of any mishap/hack/scam, all that money stored in the centralized exchanges is gone and they are not our money as long as they are on their platform.

[mirakal]

It’s obvious that they do it for show off since they are trying to convince their audience about their winning bets. Maybe after screen shot, they eventually withdraw their balance or most likely they will use those amount to make another bet. But if you are a professional gambler, you will never leave a huge balance in any gambling site. That’s too risky on your part, as you can lose that amount anytime when the site becomes instantly inaccessible due to site problems that suddenly arise.

[madnessteat]

^

Absolutely agree with you. Keeping money on any site is a very unwise decision, because even if the site has an impeccable reputation, it can be hacked. I would advise to keep funds only on hardware wallets or cold wallets. It should be realized that if wallets and protocols are hacked almost every day, then one day hackers will be able to get to the wallet that belongs to the gambling site and then you can definitely say goodbye to your money.

[aioc]

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.

It's for showing off because they always post their winning for people to see, we don't know if after doing a screenshot they withdraw their money but they are gamblers so they know better, and maybe they have trust in the casino that they playing that it doesn't matter to them if they have a huge amount in their dashboard.
But it's a practice that you should withdraw your earnings because so many casinos are making it hard for their players to withdraw and there's a possibility of losing your profit It is always a temptation to have money in your dashboard.

[dimonstration]

It’s obvious that they do it for show off since they are trying to convince their audience about their winning bets. Maybe after screen shot, they eventually withdraw their balance or most likely they will use those amount to make another bet. But if you are a professional gambler, you will never leave a huge balance in any gambling site. That’s too risky on your part, as you can lose that amount anytime when the site becomes instantly inaccessible due to site problems that suddenly arise.

It’s part of show off but not the main purpose of their post since the huge win is the main highlight of their post while hiding balance for them is a bit awkward knowing that their balance is already exposed when they are doing the stream. Hiding it while everyone knows it is just a waste of time so they just let it show as part of attraction but the profit is their main goal.

In terms of management, That huge amount is probably just part of their bankroll. It's rare for an influencer to deposit all their balance in the casino since they are playing the casino money which is part of their del with the casino.

[Silberman]

Absolutely agree with you. Keeping money on any site is a very unwise decision, because even if the site has an impeccable reputation, it can be hacked. I would advise to keep funds only on hardware wallets or cold wallets. It should be realized that if wallets and protocols are hacked almost every day, then one day hackers will be able to get to the wallet that belongs to the gambling site and then you can definitely say goodbye to your money.

People need to understand that even if centralized institutions do what they can in order to not be hacked, it is just a matter of time until it happens even if they had the best security they could pay for, and if they do not want to be one of the affected parties in that event then they need to keep their coins on their own wallets, and while it is likely the security we can implement is below what an exchange or a casino can put in place, the fact that we do not have anywhere near as much money as those businesses means that no serious hacker will try to get to our coins.

[macson]

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.

If you gamble on a trusted crypto gambling site, why should you withdraw all your winnings from there?  Does their reputation not make you feel comfortable to put your money there long enough?

i noticed on several online gambling sites that when you make a large withdrawal, their system will automatically detect it and you will make it a little difficult for them, so i never withdraw all the money that i win, i will withdraw it periodically, until reaching a certain nominal value, this is more of an ethical issue i think.

[ralle14]

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 assume others leave their funds because they might continue playing, or maybe the funds they have are sponsored by the casino.

In my case, I only withdraw my balance frequently whenever i'm using altcoins and if I don't have plans to gamble for quite a while because the withdrawal fees in BTC can quickly add up compared to altcoins. If leaving my balance in the casino for a few days would save me time and money, then i'd prefer to do that over withdrawing every time my session ends.

[Bitinity]

If you gamble on a trusted crypto gambling site, why should you withdraw all your winnings from there?  Does their reputation not make you feel comfortable to put your money there long enough?

i noticed on several online gambling sites that when you make a large withdrawal, their system will automatically detect it and you will make it a little difficult for them, so i never withdraw all the money that i win, i will withdraw it periodically, until reaching a certain nominal value, this is more of an ethical issue i think.

It has nothing to do with reputation, it is more about how do you secure and manage your own gambling funds. Even if I play in a reputable casino, once I win, I'll withdraw it. Do you need to know the reason? Dont you know that there is always a risk of losing your winning due to few different reasons? One of them is losing it back because you are too greedy to continue playing because you know that you have good balance in your account. Other possibility is that you lose your money due to unexpected thing such as being hacked (your account or even the whole casino). It is not recommended to store or to keep your money in any online service for long time, better to safe than sorry later.

[maydna]

If you gamble on a trusted crypto gambling site, why should you withdraw all your winnings from there?  Does their reputation not make you feel comfortable to put your money there long enough?

i noticed on several online gambling sites that when you make a large withdrawal, their system will automatically detect it and you will make it a little difficult for them, so i never withdraw all the money that i win, i will withdraw it periodically, until reaching a certain nominal value, this is more of an ethical issue i think.

Even though it is a trusted crypto gambling site, we should withdraw all winnings from there and leave a little money in our gambling account to gamble another day immediately. That will make it easier for us because we don't have to wait for the deposit. The casino's reputation has made us comfortable because we have not encountered any problems but if it is money, we should withdraw it as soon as possible. Especially if it is a casino, we can be tempted to return to gambling and instead use the winnings to gamble.

Most casinos will ask users to perform KYC before they can withdraw large amounts of money. Moreover, now the regulators are monitoring casinos more strictly so that casinos cannot do anything other than comply with the regulations. You can also withdraw it periodically if that is the best thing for you, but you must be able to control yourself not to use the winnings for gambling.

[Tuturtinular]

Besides, people who play with real funds that they have worked for themselves usually hide such balances to avoid critics of all walks.

This is true, and I've noticed additional reasons to avoid placing your faith in others on social media.  All of these platforms simply brag about their enormous balances for their own individual motives, such as to entice users to their services or perhaps to defraud them. You are correct that it is improper to display your balance, as many members have recommended, and that no one would wish to do so in order to avoid being a target of fraudsters.

Of course, influencers just show off their balance to attract attention and hope they will gamble on the sites they promote. In fact, we will hide the amount of balance we have because if the balance is large then friends will definitely ask for tip and if the balance runs out then friends will laugh at it. So conditions like that only happen to influencers and don't imitate them, especially if you deposit a lot of money like them, because it's not something that should be imitated and will cost you a lot of money.

[Silberman]

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.

If you gamble on a trusted crypto gambling site, why should you withdraw all your winnings from there?  Does their reputation not make you feel comfortable to put your money there long enough?

i noticed on several online gambling sites that when you make a large withdrawal, their system will automatically detect it and you will make it a little difficult for them, so i never withdraw all the money that i win, i will withdraw it periodically, until reaching a certain nominal value, this is more of an ethical issue i think.

It is a matter of principles, this whole market was created with an idea in mind, which was to allow every single person to become their own bank, and this means having full custody of your coins most of the time, and while it is understandable that you have to deposit your coins when using different services and lose control of them for a while, we should only let go of this control for the smallest amount of time that we can, so even if a casino has proven to be worthy of your trust over the years, it is still not a god idea to leave your coins there for long.

[mirakal]

If you gamble on a trusted crypto gambling site, why should you withdraw all your winnings from there?  Does their reputation not make you feel comfortable to put your money there long enough?

i noticed on several online gambling sites that when you make a large withdrawal, their system will automatically detect it and you will make it a little difficult for them, so i never withdraw all the money that i win, i will withdraw it periodically, until reaching a certain nominal value, this is more of an ethical issue i think.

Even though it is a trusted crypto gambling site, we should withdraw all winnings from there and leave a little money in our gambling account to gamble another day immediately. That will make it easier for us because we don't have to wait for the deposit. The casino's reputation has made us comfortable because we have not encountered any problems but if it is money, we should withdraw it as soon as possible. Especially if it is a casino, we can be tempted to return to gambling and instead use the winnings to gamble.

Most casinos will ask users to perform KYC before they can withdraw large amounts of money. Moreover, now the regulators are monitoring casinos more strictly so that casinos cannot do anything other than comply with the regulations. You can also withdraw it periodically if that is the best thing for you, but you must be able to control yourself not to use the winnings for gambling.

I also agree on you. No matter how reputable a casino is, that is not an enough guarantee that your funds will certainly be safe always. There are sudden incidents that made some casinos to collapse, and if your funds are still saved in there, that will be in danger of course. That's the reason why I don't trust long term safekeeping with my winnings in a certain casino, even if I have definite plans to gamble again.

[Westinhome]

It is a matter of principles, this whole market was created with an idea in mind, which was to allow every single person to become their own bank, and this means having full custody of your coins most of the time, and while it is understandable that you have to deposit your coins when using different services and lose control of them for a while, we should only let go of this control for the smallest amount of time that we can, so even if a casino has proven to be worthy of your trust over the years, it is still not a god idea to leave your coins there for long.

If the casino had prove his survival in the market like the Stake,we can able to deposit the coins and hold for the longer period.Because only some new gambling site may try to scam their user for the few dollars.The process of holding the money in the gambling site like this will use the eighty percentage of my deposit money to recover the 20 percentage of the profit at the end of the day.So it help me to cash out that twenty percentage for my monthly expenses.If I had cash out of twenty percentage for the five set,the money I had deposit was out from the wallet.So all the holding in the site will be the winnings.