Best Practices for Staying Safe When Gambling

[Dunamisx]

Let me start with this suggestion that we should desist from going after friends when gambling or taking friends decision on our own gambling, we can make friends for fun and there should be limit to how far they can interfere to our gambling lifestyle, i know that some gamblers are indecisive on their own, they will also need the influence of friends in their life in other to know what to do, such peop also never knows how they find themselves into the kind situation they are in life because of friends influence.

[khaled0111]

I think I should say this, mate. Casinos are somewhat like exchanges, but the only difference is that casinos are gambling platforms, while exchanges are for trading cryptocurrencies and fiat

I hear this a lot but sorry I have to disagree with it an i think thisproverb applies here "With some toil, he explained water as being water."
You didn't explain why you think casinos are like exchanges and didn't mention the similarities between the two!
When it comes to security, then you are right. Both need to be as secure as possible as a huge amount of customers' money is at risk and need to be protected. But casinos can't impose many layers of security otherwise the user's experience won't be pleasant.

[pinggoki]

Let me start with this suggestion that we should desist from going after friends when gambling or taking friends decision on our own gambling, we can make friends for fun and there should be limit to how far they can interfere to our gambling lifestyle

The fact that you are trying to fight the urge to not listen to your friends when making a gambling decisions makes you unfit to gamble in the first place because gambling should be your own decision and bringing in other people is going to be a disaster in the making because when you lose, you're definitely going to blame the person that you've listened for advice and don't say that you won't because your emotions when that happens is going to be in shambles so your instinct is to pass the blame to relieve the clashing emotions and you'll definitely blame that person.

[noormcs5]

I think I should say this, mate. Casinos are somewhat like exchanges, but the only difference is that casinos are gambling platforms, while exchanges are for trading cryptocurrencies and fiat

I hear this a lot but sorry I have to disagree with it an i think thisproverb applies here "With some toil, he explained water as being water."
You didn't explain why you think casinos are like exchanges and didn't mention the similarities between the two!
When it comes to security, then you are right. Both need to be as secure as possible as a huge amount of customers' money is at risk and need to be protected. But casinos can't impose many layers of security otherwise the user's experience won't be pleasant.

Exchanges are not the casinos and both of them are totally different from each other. Also, the fact is that people who gamble and the ones who trade, are totally different categories of people and there is no way we can find any similarities between gambling and trading.

If you want me to pinpoint a major difference between them, then I would that trading requires skill to be profitable while the criteria for gambling profitability is luck. 

The only similarity between them is money management, as the only way to save yourself from losing money in both trading and gambling is effective money management.

[michellee]

Let me start with this suggestion that we should desist from going after friends when gambling or taking friends decision on our own gambling, we can make friends for fun and there should be limit to how far they can interfere to our gambling lifestyle

The fact that you are trying to fight the urge to not listen to your friends when making a gambling decisions makes you unfit to gamble in the first place because gambling should be your own decision and bringing in other people is going to be a disaster in the making because when you lose, you're definitely going to blame the person that you've listened for advice and don't say that you won't because your emotions when that happens is going to be in shambles so your instinct is to pass the blame to relieve the clashing emotions and you'll definitely blame that person.

It's better not to invite people to gamble because if we lose, we might get into trouble and they will blame us for inviting them to gamble. It's better if we gamble ourselves and don't need to tell them if we gamble.

When playing gambling, we must always be responsible so that we don't experience any problems. But what happens is that people become irresponsible when they experience defeat. They deposit more money and want to recover their losses.

That will make them even more emotional, especially if they suffer another defeat. And instead of being able to recover their losses, they made their losses even bigger. But if they want to invite a friend, they have to make sure that the friend can control themselves well so that if they lose, they won't blame anyone because that is a risk in gambling.

[knowngunman]

I think I should say this, mate. Casinos are somewhat like exchanges, but the only difference is that casinos are gambling platforms, while exchanges are for trading cryptocurrencies and fiat. They both need a high form of security protection because they encounter daily traffic and hack attempts as they handle lots of funds, assets, and cryptos of their clients, which are running into millions and billions of dollars in dollar equivalent. In that case, they would need security to protect their websites, customer accounts, and dashboards against hacking or attempts at it. Although these features of security can be provided by the exchanges for their clients, cautioning them to apply any of the security measures they deem fit to their own safety.
Casinos really need a high level of security because of the nature of their engagement. I believe you heard of stake hack some months ago so if stake is well known as a casino to the extent of being among the world leading crypto gambling platform and they got hacked, tell me why would it not be okay for a casino have tight security measures to protect their website and clients as well to avert any future occurrences of these nature.

You're absolutely right. Both casinos and exchanges share something in common but with different goals. Both casinos and exchanges need to tighten up their security system because they have become the target of hackers. Exchanges usually have more sophisticated security systems in place compare to casinos. I think it's high time for casino to also improve on their security because they handle a lot of cash and sensitive information so they need to have strict security measures in place to protect their players. Hackers have targeted casinos in the past and still trying so it's important for them to have strong firewalls and other protections in place.

While it's impossible to completely eliminate crime, casinos need to be constantly updating their security measures to stay one step ahead of criminals. One way that online casinos can protect themselves from cyber attacks is to have a robust intrusion detection system in place. The system would help to monitor network traffic for signs of unusual activity and alert the casino's security team if anything suspicious is detected. It actually cost money for the security upkeep but it worth it.

[topbitcoin]

It's better not to invite people to gamble because if we lose, we might get into trouble and they will blame us for inviting them to gamble. It's better if we gamble ourselves and don't need to tell them if we gamble.

More precisely, never invite other people to gamble and what I mean by other people are people who are unfamiliar with gambling and have never gambled at all. Because after all, gambling can become a habit or activity that is detrimental, both in terms of finances and mental health. Gambling without good control can lead to feelings of addiction to gambling, financial losses and can even affect relationships, be it friendships or family relationships.
It would be better and wiser if we invited and supported our friends or relatives to do things that were more positive and productive than having to invite them to gamble. It's enough for us to feel and enjoy the bitterness and sweetness of gambling ourselves, we don't need to involve other people, let alone invite them, and let promotional matters be the business of the marketing team of a casino and we don't need to bother inviting other people to get them to gamble.

[piebeyb]

If you want me to pinpoint a major difference between them, then I would that trading requires skill to be profitable while the criteria for gambling profitability is luck. 

The only similarity between them is money management, as the only way to save yourself from losing money in both trading and gambling is effective money management.

Yes money management and also limiting your budget is very important because it will make your way of gambling very safe and also save yourself from losing a lot of money and it is true that not only in gambling but also in trading everyone has the risk of losing money at any time if you cannot control and manage it. Correctly, at least play safely using a healthier mindset, because that's important.

Even though we know that both have the same risk of losing money, whether trading or gambling, they are different in making a profit, because as you said, gambling relies on luck and a little skill, while trading requires a lot of skill and a little luck, trading can be analyzed compared to playing. gambling, so the most important thing in carrying out both is really good money management and the two don't really show a big difference

[mak013]

There is a feature I have noticed Binance has implemented, which greatly helps to identify whether one is being targeted during a fishing campaign or not.
Binance allows their traders to set an "anti-phising code", so any email one receives from Binance will have a tag with said code set up by the user, if the code it is indeed the one we chose, then it is highly unlikely it is a malicious mail, otherwise it is a targetting email for us to fall for and steal our data or credentials.

I wonder if someday casinos will implement something similar to it, so gamblers will be able to easily identify official emails of promotions or security inquiries from those sent by hackers and scammers. It would be nice if they added it up.

Cryptocurrency exchanges have lots of levels of security. They have lots of users money with lots of deposit/withdrawals. 2FA, sms, e-mail, trade password - they can protect every your step. But i don`t think that any casino needs such security level. It becomes uncomfortable to gamble, when you have to type password or wait sms before every bet.
As for me, it would be interesting to have an opportunity to tune security level by myself, using some checkboxes probably.

I think I should say this, mate. Casinos are somewhat like exchanges, but the only difference is that casinos are gambling platforms, while exchanges are for trading cryptocurrencies and fiat. They both need a high form of security protection because they encounter daily traffic and hack attempts as they handle lots of funds, assets, and cryptos of their clients, which are running into millions and billions of dollars in dollar equivalent. In that case, they would need security to protect their websites, customer accounts, and dashboards against hacking or attempts at it. Although these features of security can be provided by the exchanges for their clients, cautioning them to apply any of the security measures they deem fit to their own safety.
Casinos really need a high level of security because of the nature of their engagement. I believe you heard of stake hack some months ago so if stake is well known as a casino to the extent of being among the world leading crypto gambling platform and they got hacked, tell me why would it not be okay for a casino have tight security measures to protect their website and clients as well to avert any future occurrences of these nature.

It is true, but there is some difference between casino and exchange. Ib the exchange you are for getting money and your activities must be not comfortable but secure. In the casino you`re getting fun(of course all of us want to win, but the main goal is getting fun). So the first thing you need is comfort. In such situation someone would prefer security, that`s why i think that the best way is to allow the gambler decide what level of security/comfort he needs.

[Bushdark]

Let me start with this suggestion that we should desist from going after friends when gambling or taking friends decision on our own gambling, we can make friends for fun and there should be limit to how far they can interfere to our gambling lifestyle, i know that some gamblers are indecisive on their own, they will also need the influence of friends in their life in other to know what to do, such peop also never knows how they find themselves into the kind situation they are in life because of friends influence.

One of the best ways for us to stay safe from gambling is by not gambling too much. We need to know how often we are going to be betting so that we can regulate how frequent we gambling on a daily, weekly and monthly basis. This will help us to stay safe and know the amount of time we spend to be on different intervals. We need to gamble less to prevent been expose to the risk of gambling which can cause us so much loses. Greed can also be a potential factor that will cause us a severe loses if we don't control it as a regular gambler.

[michellee]

It's better not to invite people to gamble because if we lose, we might get into trouble and they will blame us for inviting them to gamble. It's better if we gamble ourselves and don't need to tell them if we gamble.

More precisely, never invite other people to gamble and what I mean by other people are people who are unfamiliar with gambling and have never gambled at all. Because after all, gambling can become a habit or activity that is detrimental, both in terms of finances and mental health. Gambling without good control can lead to feelings of addiction to gambling, financial losses and can even affect relationships, be it friendships or family relationships.
It would be better and wiser if we invited and supported our friends or relatives to do things that were more positive and productive than having to invite them to gamble. It's enough for us to feel and enjoy the bitterness and sweetness of gambling ourselves, we don't need to involve other people, let alone invite them, and let promotional matters be the business of the marketing team of a casino and we don't need to bother inviting other people to get them to gamble.

Yes, it can make ordinary people unable to control themselves because in gambling, they will see many temptations that can make them forget to stop. Apart from that, he can also forget to set or set a money limit for gambling. Maybe we can set those limits but not for ordinary people.

And even if the person has also been or is used to gambling, we should not invite him to gamble because gambling is about responsibility. We don't know how responsible they are in gambling. We also don't know whether they can regulate or have limits on gambling. And as you said, we are responsible for ourselves.

If we invite someone else and it turns out that person loses, there is a possibility that they will blame us. And even though he knows that gambling can result in defeat, there is still a feeling of discomfort in that person, which can affect our relationship with him. That's why we should gamble alone so that no one blames us.

[Hispo]

Let me start with this suggestion that we should desist from going after friends when gambling or taking friends decision on our own gambling, we can make friends for fun and there should be limit to how far they can interfere to our gambling lifestyle, i know that some gamblers are indecisive on their own, they will also need the influence of friends in their life in other to know what to do, such peop also never knows how they find themselves into the kind situation they are in life because of friends influence.

One of the best ways for us to stay safe from gambling is by not gambling too much. We need to know how often we are going to be betting so that we can regulate how frequent we gambling on a daily, weekly and monthly basis. This will help us to stay safe and know the amount of time we spend to be on different intervals. We need to gamble less to prevent been expose to the risk of gambling which can cause us so much loses. Greed can also be a potential factor that will cause us a severe loses if we don't control it as a regular gambler.

I could be wrong, but I believe this thread is rather about measures to be taken by us and others to remain safe (not getting hacked or losing or casino accounts), rather than improving our own behavior while gambling. That is a different topic which has been discussed many times around here in the gambling section of the forum. 
It does not mean I disagree with what you say though, but it is a different kind of risk when one getting malicious links and clicking on them than one starts to gamble more than one is willing to lose to a bad luck streak at dices.

[Jemzx00]

If you want me to pinpoint a major difference between them, then I would that trading requires skill to be profitable while the criteria for gambling profitability is luck.  

The only similarity between them is money management, as the only way to save yourself from losing money in both trading and gambling is effective money management.

Yes money management and also limiting your budget is very important because it will make your way of gambling very safe and also save yourself from losing a lot of money and it is true that not only in gambling but also in trading everyone has the risk of losing money at any time if you cannot control and manage it. Correctly, at least play safely using a healthier mindset, because that's important.

Even though we know that both have the same risk of losing money, whether trading or gambling, they are different in making a profit, because as you said, gambling relies on luck and a little skill, while trading requires a lot of skill and a little luck, trading can be analyzed compared to playing. gambling, so the most important thing in carrying out both is really good money management and the two don't really show a big difference

I think you're confused on how much of a difference gambling and trading be. There's too much difference between the two as trading mostly rely on skills as a trader will need to be keen on details such as having a good TA skills and be observant to the market to gain profit while gambling mostly rely on luck to gain profit. Both do pose risk on your funds but you can manage your loses much better on trading than on gambling.

Money or crypto funds management are a key thing to almost any investiture that anyone can go through whether it's trading or gambling as it control how much money you may lose or gain.

[terrific]

I also support that it would be a good idea is email providers will implement this feature, but come to think of it, for email providers to start implementing the verified checkmark in the emails from verified source, the source have to be verified in the first place, that is like the company much kyc with Google or any email provider company they are using, else, there will be no way for the email provider to verify the actual real owner of the email address in question.

So yeah, if this must work, email users must be ready to go through kyc verification with the email providers they are using, so as to get the verified checkmark ✅.

Yeah, it's on them and it's their task to verify that with any necessary details that they need to do for them to give them that verified badge.
It's easy for them to check it obviously with such proof and data that they need to have for a company to get verified with its email.
They all have the means to do that but still no email provider haven't done that yet, but maybe soon we'll see them do it.

[khaled0111]

I think you're confused on how much of a difference gambling and trading be. There's too much difference between the two as trading mostly rely on skills as a trader will need to be keen on details such as having a good TA skills and be observant to the market to gain profit while gambling mostly rely on luck to gain profit. Both do pose risk on your funds but you can manage your loses much better on trading than on gambling.

I think there is no point in discussing this with them anymore. They insist that gambling is not different from trading no matter what we say. It looks like we are running in a circle here, so let it go as it seems this a waste of time and energy.
To get back to the main subject, if you want to remain safe when gambling, just gamble to have fun and don't spend on it more than you can afford to lose. This is all you have to do.

[angrybirdy]

I think you're confused on how much of a difference gambling and trading be. There's too much difference between the two as trading mostly rely on skills as a trader will need to be keen on details such as having a good TA skills and be observant to the market to gain profit while gambling mostly rely on luck to gain profit. Both do pose risk on your funds but you can manage your loses much better on trading than on gambling.

I think there is no point in discussing this with them anymore. They insist that gambling is not different from trading no matter what we say. It looks like we are running in a circle here, so let it go as it seems this a waste of time and energy.
To get back to the main subject, if you want to remain safe when gambling, just gamble to have fun and don't spend on it more than you can afford to lose. This is all you have to do.

you have a point, well that's how gamblers supposed to do. Just gamble to entertain their selves and have a self limitation and enough budget for gambling. Also some tips to remain safe in gambling is to balance the gambling with other activities, educate yourself about gambling, never gamble when your upset and lastly expect to win and lose because that's the cycle of gambling.

[piebeyb]

you have a point, well that's how gamblers supposed to do. Just gamble to entertain their selves and have a self limitation and enough budget for gambling. Also some tips to remain safe in gambling is to balance the gambling with other activities, educate yourself about gambling, never gamble when your upset and lastly expect to win and lose because that's the cycle of gambling.

I had time to think about how they feel playing seriously in casino games even though most of the games there are just fun games not for anything serious, I think many people don't know the meaning of gambling itself, most people think gambling is a site that can make people get rich quickly and be successful, even though there is no gambling that gives free money to everyone let alone gives them winnings.

Many people also don't know that the dealer will always win against them so whatever they chase while playing gambling they won't get anything, because gambling casinos are built to make money, not to share money with their users, people have to understand that so when they gamble they are no longer obsessed with winning but enjoy the game just as entertainment and having fun. that is a fact that people should know

[CarnagexD]

Right. Chasing losses can often lead to addiction, especially gamblers. Setting a specific budget and sticking to it is a smart strategy to help reduce the risk of addiction and maintain better control over gambling habits. It's important to enjoy gambling responsibly.

Chasing losses is a problem everywhere not only in gambling, many traders have this problem as well, they make a trade and then they lose some money because their reading of the market was wrong, so far this is normal and nothing out of place has happened, but instead of accepting their losses and trying to improve their chart reading skills, those people cannot accept it, and they begin to make trades when their strategy does not calls for it trying to recover their money as soon as possible, and as you may guess such behavior only brings them even more losses.

I agree but the topic's about gambling so we need to focus on that and when you compare it to trade, it's going to be a bit different because trading is different in a way that you really don't have to set a specific budget unlike with gambling where you have to do it to limit your spending and in trading, you really aren't losing totally unlike with gambling where it's only a win or lose.

[Wiwo]

Right. Chasing losses can often lead to addiction, especially for gamblers. Setting a specific budget and sticking to it is a smart strategy to help reduce the risk of addiction and maintain better control over gambling habits. It's important to enjoy gambling responsibly.

Chasing losses is a problem everywhere not only in gambling, many traders have this problem as well, they make a trade and then they lose some money because their reading of the market was wrong, so far this is normal and nothing out of place has happened, but instead of accepting their losses and trying to improve their chart reading skills, those people cannot accept it, and they begin to make trades when their strategy does not calls for it trying to recover their money as soon as possible, and as you may guess such behaviour only brings them even more losses.

I agree but the topic's about gambling so we need to focus on that and when you compare it to trade, it's going to be a bit different because trading is different in a way that you really don't have to set a specific budget unlike with gambling where you have to do it to limit your spending and in trading, you really aren't losing totally unlike with gambling where it's only a win or lose.

I believe comparing gambling with trading will and may be an effort in futility because both trading and gambling and are two opposites things and at that, if we want to discuss their risk level we have to place them in what they really are and at and at that we have to make out time to be more open and accurate at the data we have access to.

Take trading for instance,  trading have less risk,  compared to in gambling and for such we can say that trading is safer than gambling and to some extent,  trading can be taken as a means to earn a passive income and on a long-term basis.

[slapper]

you have a point, well that's how gamblers supposed to do. Just gamble to entertain their selves and have a self limitation and enough budget for gambling. Also some tips to remain safe in gambling is to balance the gambling with other activities, educate yourself about gambling, never gamble when your upset and lastly expect to win and lose because that's the cycle of gambling.

I had time to think about how they feel playing seriously in casino games even though most of the games there are just fun games not for anything serious, I think many people don't know the meaning of gambling itself, most people think gambling is a site that can make people get rich quickly and be successful, even though there is no gambling that gives free money to everyone let alone gives them winnings.

Many people also don't know that the dealer will always win against them so whatever they chase while playing gambling they won't get anything, because gambling casinos are built to make money, not to share money with their users, people have to understand that so when they gamble they are no longer obsessed with winning but enjoy the game just as entertainment and having fun. that is a fact that people should know

People frequently get it wrong. "This is my ticket to the big time!" is what they believe when they see the flashing lights and the allure of the online casino games. But let's be real here, folks. The goal of the house, dealer, and casino is to win. And for the most part, they succeed

Individuals who believe they are only one game away from winning the big prize are chasing their dreams. However, the reality? The hard, icy reality? Businesses operate casinos. They're not charity giving away free cash. They are in business to earn money, and they do it pretty damn well. Thus, you must enter that casino with the appropriate frame of mind. It's just amusement, nothing more. Take pleasure in the game's thrill, excitement, and enjoyment, but resist the temptation to believe that easy money is possible. Folks, never forget that the most important thing is to enjoy yourself immensely and recognize the true nature of the game