Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game

[EarnOnVictor]

I calculate risks. And i never bet all in. The same bet for every match i like. After some time i`ve got "bank" for 1 month of loses. After i ended the experiment i withdraw a part of money and decreased the bet size. Today i withdraw some money, mostly once per month, and don`t increase "bank" or bet.

What I can simply infer here is that you are trying to be at the top of your games and are managing your risk as well, which could have helped you better over the years. Also, it shows that you face challenges in this kind of gambling style regardless of how best you believe you know it, which also buttressed one of my points of last week where I pointed to you that though you might be good at what you do but it can't be flawlessly easy, and that we can never erase the challenges that may arise in it (those were not the actual words).

You see, I love to read success stories about gambling, but at the same time, I like to advise people to take it easy no matter what they believe about it. Gambling is never easy and for someone to have that belief to the point of depending on it solely for living is not so convenient and I believe that you are agreeing with me on that now.

[mak013]

I calculate risks. And i never bet all in. The same bet for every match i like. After some time i`ve got "bank" for 1 month of loses. After i ended the experiment i withdraw a part of money and decreased the bet size. Today i withdraw some money, mostly once per month, and don`t increase "bank" or bet.

What I can simply infer here is that you are trying to be at the top of your games and are managing your risk as well, which could have helped you better over the years. Also, it shows that you face challenges in this kind of gambling style regardless of how best you believe you know it, which also buttressed one of my points of last week where I pointed to you that though you might be good at what you do but it can't be flawlessly easy, and that we can never erase the challenges that may arise in it (those were not the actual words).

You see, I love to read success stories about gambling, but at the same time, I like to advise people to take it easy no matter what they believe about it. Gambling is never easy and for someone to have that belief to the point of depending on it solely for living is not so convenient and I believe that you are agreeing with me on that now.

I always say that it is difficult. Like any job with high salary or business. And it is sport. If it would be 100% predictable - no one would bet it and no one would watch it. My way is not unique but it doesn`t means that it is easy to repeat. But it is normally - you can`t get big salary or be successful in any business if you don`t work as hard as possible. I`m in my profession is more than 20 years and in sport betting is about 3-4. I think that i`m good specialist and i can choose the way of income. Today the income from profession is higher, but it is possible, that i`ll improve my gambling skills and change my main income.

[delfastTions]

I calculate risks. And i never bet all in. The same bet for every match i like. After some time i`ve got "bank" for 1 month of loses. After i ended the experiment i withdraw a part of money and decreased the bet size. Today i withdraw some money, mostly once per month, and don`t increase "bank" or bet.

What I can simply infer here is that you are trying to be at the top of your games and are managing your risk as well, which could have helped you better over the years. Also, it shows that you face challenges in this kind of gambling style regardless of how best you believe you know it, which also buttressed one of my points of last week where I pointed to you that though you might be good at what you do but it can't be flawlessly easy, and that we can never erase the challenges that may arise in it (those were not the actual words).

You see, I love to read success stories about gambling, but at the same time, I like to advise people to take it easy no matter what they believe about it. Gambling is never easy and for someone to have that belief to the point of depending on it solely for living is not so convenient and I believe that you are agreeing with me on that now.

I always say that it is difficult. Like any job with high salary or business. And it is sport. If it would be 100% predictable - no one would bet it and no one would watch it. My way is not unique but it doesn`t means that it is easy to repeat. But it is normally - you can`t get big salary or be successful in any business if you don`t work as hard as possible. I`m in my profession is more than 20 years and in sport betting is about 3-4. I think that i`m good specialist and i can choose the way of income. Today the income from profession is higher, but it is possible, that i`ll improve my gambling skills and change my main income.

And in my opinion, this is precisely the optimal ratio of income received.  Almost all the money needed to pay for goods and services necessary for a normal life and must be received by a person in the process of his main work.  If there is still some income from successful bets in gambling, this is of course great and good, but it should still be considered as a pleasant bonus.  And don’t count too much on this money from winnings.

 I would also like to note that often diligent and long hours, intense and daily work does not bring such wealth that can be compared with income from a successful business or investment.  Sometimes just luck helps a person become successful and rich.  Suffice it to recall the first whales that mined the first bitcoins.  They are all millionaires if they figured out not to sell bitcoins when pizza was bought and sold for 10,000 BTC

[mak013]

I always say that it is difficult. Like any job with high salary or business. And it is sport. If it would be 100% predictable - no one would bet it and no one would watch it. My way is not unique but it doesn`t means that it is easy to repeat. But it is normally - you can`t get big salary or be successful in any business if you don`t work as hard as possible. I`m in my profession is more than 20 years and in sport betting is about 3-4. I think that i`m good specialist and i can choose the way of income. Today the income from profession is higher, but it is possible, that i`ll improve my gambling skills and change my main income.

And in my opinion, this is precisely the optimal ratio of income received.  Almost all the money needed to pay for goods and services necessary for a normal life and must be received by a person in the process of his main work.  If there is still some income from successful bets in gambling, this is of course great and good, but it should still be considered as a pleasant bonus.  And don’t count too much on this money from winnings.

 I would also like to note that often diligent and long hours, intense and daily work does not bring such wealth that can be compared with income from a successful business or investment.  Sometimes just luck helps a person become successful and rich.  Suffice it to recall the first whales that mined the first bitcoins.  They are all millionaires if they figured out not to sell bitcoins when pizza was bought and sold for 10,000 BTC

It is optimal, when you have high salary. In my country medium salary is about $400-500, my salary more than $1000, from betting i`ve got about $800(possible i can get more, and even more than the salary). If someone good in maths and search information but have $500 salary - sport betting can seriously improve his income. I even can say that you needn`t be football(or other sports) specialist for it. But i don`t recommend anybody to hire and wait the big profit instantly. It is serious decision and you need to be sure that you have enough money for 1-2 weeks of loses at least. And you have responsibility for your family. It isn`t just make a bet and won $1.000.000.
About BTC is the same - today we know how silly it was to buy pizza. But that moment it was a nice decision. No one knows what can give you profit several years later. For me it is too risky Yes, it is funny enough. For me sport betting can be a main income but buying BTC in 2010, or some other investment is too risky

[EarnOnVictor]

I calculate risks. And i never bet all in. The same bet for every match i like. After some time i`ve got "bank" for 1 month of loses. After i ended the experiment i withdraw a part of money and decreased the bet size. Today i withdraw some money, mostly once per month, and don`t increase "bank" or bet.

What I can simply infer here is that you are trying to be at the top of your games and are managing your risk as well, which could have helped you better over the years. Also, it shows that you face challenges in this kind of gambling style regardless of how best you believe you know it, which also buttressed one of my points of last week where I pointed to you that though you might be good at what you do but it can't be flawlessly easy, and that we can never erase the challenges that may arise in it (those were not the actual words).

You see, I love to read success stories about gambling, but at the same time, I like to advise people to take it easy no matter what they believe about it. Gambling is never easy and for someone to have that belief to the point of depending on it solely for living is not so convenient and I believe that you are agreeing with me on that now.

I always say that it is difficult. Like any job with high salary or business. And it is sport. If it would be 100% predictable - no one would bet it and no one would watch it. My way is not unique but it doesn`t means that it is easy to repeat. But it is normally - you can`t get big salary or be successful in any business if you don`t work as hard as possible. I`m in my profession is more than 20 years and in sport betting is about 3-4. I think that i`m good specialist and i can choose the way of income. Today the income from profession is higher, but it is possible, that i`ll improve my gambling skills and change my main income.

And in my opinion, this is precisely the optimal ratio of income received.  Almost all the money needed to pay for goods and services necessary for a normal life and must be received by a person in the process of his main work.  If there is still some income from successful bets in gambling, this is of course great and good, but it should still be considered as a pleasant bonus.  And don’t count too much on this money from winnings.

 I would also like to note that often diligent and long hours, intense and daily work does not bring such wealth that can be compared with income from a successful business or investment.  Sometimes just luck helps a person become successful and rich.  Suffice it to recall the first whales that mined the first bitcoins.  They are all millionaires if they figured out not to sell bitcoins when pizza was bought and sold for 10,000 BTC

Any way money could be made should be effectively explored. After all, it is about the money and not the process or channel at which the money was made, and so far it is legal, I believe it is worth it. What I can relate to what you narrated above is smart work, it is not necessary you do that hard work before you get the money and have it in abundance. In this computer age, those who are smart with their thinking and doing are engaging with the least work and making more money. Nevertheless, we should think of the consistency of the money before we can relax and be comfortable with it. If the money is made in a risky way that can't be replicated to call it a sustainable money that one can depend on, it is too dangerous.

Fine, one can hit it big in investments or win the big Jackpot, however, if such cannot do this over and over again to sustain his living, then it is to what reasonable end? I have enough people who hit it big one way or the other, but they later went broke, and even the properties acquired were later sold because they relied on what they should not have relied on, something that can bring them consistency. For this, whether it is the daily job, business/investments or even gambling (I don't support this as a mainstay), one should ensure that it is such that will feed, clothe and make them comfortable, which includes that of all their dependents.

[delfastTions]

I always say that it is difficult. Like any job with high salary or business. And it is sport. If it would be 100% predictable - no one would bet it and no one would watch it. My way is not unique but it doesn`t means that it is easy to repeat. But it is normally - you can`t get big salary or be successful in any business if you don`t work as hard as possible. I`m in my profession is more than 20 years and in sport betting is about 3-4. I think that i`m good specialist and i can choose the way of income. Today the income from profession is higher, but it is possible, that i`ll improve my gambling skills and change my main income.

And in my opinion, this is precisely the optimal ratio of income received.  Almost all the money needed to pay for goods and services necessary for a normal life and must be received by a person in the process of his main work.  If there is still some income from successful bets in gambling, this is of course great and good, but it should still be considered as a pleasant bonus.  And don’t count too much on this money from winnings.

 I would also like to note that often diligent and long hours, intense and daily work does not bring such wealth that can be compared with income from a successful business or investment.  Sometimes just luck helps a person become successful and rich.  Suffice it to recall the first whales that mined the first bitcoins.  They are all millionaires if they figured out not to sell bitcoins when pizza was bought and sold for 10,000 BTC

It is optimal, when you have high salary. In my country medium salary is about $400-500, my salary more than $1000, from betting i`ve got about $800(possible i can get more, and even more than the salary). If someone good in maths and search information but have $500 salary - sport betting can seriously improve his income. I even can say that you needn`t be football(or other sports) specialist for it. But i don`t recommend anybody to hire and wait the big profit instantly. It is serious decision and you need to be sure that you have enough money for 1-2 weeks of loses at least. And you have responsibility for your family. It isn`t just make a bet and won $1.000.000.
About BTC is the same - today we know how silly it was to buy pizza. But that moment it was a nice decision. No one knows what can give you profit several years later. For me it is too risky Yes, it is funny enough. For me sport betting can be a main income but buying BTC in 2010, or some other investment is too risky

This is all due to the fact that in different countries around the world, wages for approximately the same work differ too much.  Of course, if you count wages in dollars.  And the cost of accommodation and food also corresponds to local wages.  But if you participate in gambling at the world level, then the scale of bets and winnings is probably based on the level of wages in the USA and the European Union. 
Therefore, often players from some countries can earn income from sports betting even much more than their basic salary.  This is true, you can't argue with that.  This has made it possible to earn money based on modern information and financial technologies at the level of cross-border payments. 
Cryptocurrency payments have greatly helped the world in this matter.

[mak013]

It is optimal, when you have high salary. In my country medium salary is about $400-500, my salary more than $1000, from betting i`ve got about $800(possible i can get more, and even more than the salary). If someone good in maths and search information but have $500 salary - sport betting can seriously improve his income. I even can say that you needn`t be football(or other sports) specialist for it. But i don`t recommend anybody to hire and wait the big profit instantly. It is serious decision and you need to be sure that you have enough money for 1-2 weeks of loses at least. And you have responsibility for your family. It isn`t just make a bet and won $1.000.000.
About BTC is the same - today we know how silly it was to buy pizza. But that moment it was a nice decision. No one knows what can give you profit several years later. For me it is too risky Yes, it is funny enough. For me sport betting can be a main income but buying BTC in 2010, or some other investment is too risky

This is all due to the fact that in different countries around the world, wages for approximately the same work differ too much.  Of course, if you count wages in dollars.  And the cost of accommodation and food also corresponds to local wages.  But if you participate in gambling at the world level, then the scale of bets and winnings is probably based on the level of wages in the USA and the European Union. 
Therefore, often players from some countries can earn income from sports betting even much more than their basic salary.  This is true, you can't argue with that.  This has made it possible to earn money based on modern information and financial technologies at the level of cross-border payments. 
Cryptocurrency payments have greatly helped the world in this matter.

It is so. But you have to remember that your possible profit depends on your bets. In US it is not a big sum $800, but medium salary is much higher that $500.
It is interesting moment - when i talk with American - he laughs when hear about my profit. But i laugh when hear about his expenses.
PS. Even if we use cryptocurrencies - we mostly calculate our money in USD, it is just more simple. We can understand how much our cryptocurrencies cost, what we can buy for it, etc.

[dezoel]

It is optimal, when you have high salary. In my country medium salary is about $400-500, my salary more than $1000, from betting i`ve got about $800(possible i can get more, and even more than the salary). If someone good in maths and search information but have $500 salary - sport betting can seriously improve his income. I even can say that you needn`t be football(or other sports) specialist for it. But i don`t recommend anybody to hire and wait the big profit instantly. It is serious decision and you need to be sure that you have enough money for 1-2 weeks of loses at least. And you have responsibility for your family. It isn`t just make a bet and won $1.000.000.
About BTC is the same - today we know how silly it was to buy pizza. But that moment it was a nice decision. No one knows what can give you profit several years later. For me it is too risky Yes, it is funny enough. For me sport betting can be a main income but buying BTC in 2010, or some other investment is too risky

This is all due to the fact that in different countries around the world, wages for approximately the same work differ too much.  Of course, if you count wages in dollars.  And the cost of accommodation and food also corresponds to local wages.  But if you participate in gambling at the world level, then the scale of bets and winnings is probably based on the level of wages in the USA and the European Union. 
Therefore, often players from some countries can earn income from sports betting even much more than their basic salary.  This is true, you can't argue with that.  This has made it possible to earn money based on modern information and financial technologies at the level of cross-border payments. 
Cryptocurrency payments have greatly helped the world in this matter.

You are right, but then don't you think that those people who are from smaller and less developed countries make their bets based on the dollar rate against their local currency? This means that if a person from the US bets $20 on a game because it isn't a lot of money for them, a person from a third-world country would bet $5 on the same game. After all, when they convert those $5 into their local currency, they become a lot of money for them.

So even though it's true that most of us make our bets or trades or everything we do online in US dollars, we always make sure that we are betting or using money that we can afford to use and don't use it just like a US-native who can afford way more than we can do.

[LUCKMCFLY]

It is optimal, when you have high salary. In my country medium salary is about $400-500, my salary more than $1000, from betting i`ve got about $800(possible i can get more, and even more than the salary). If someone good in maths and search information but have $500 salary - sport betting can seriously improve his income. I even can say that you needn`t be football(or other sports) specialist for it. But i don`t recommend anybody to hire and wait the big profit instantly. It is serious decision and you need to be sure that you have enough money for 1-2 weeks of loses at least. And you have responsibility for your family. It isn`t just make a bet and won $1.000.000.
About BTC is the same - today we know how silly it was to buy pizza. But that moment it was a nice decision. No one knows what can give you profit several years later. For me it is too risky Yes, it is funny enough. For me sport betting can be a main income but buying BTC in 2010, or some other investment is too risky

This is all due to the fact that in different countries around the world, wages for approximately the same work differ too much.  Of course, if you count wages in dollars.  And the cost of accommodation and food also corresponds to local wages.  But if you participate in gambling at the world level, then the scale of bets and winnings is probably based on the level of wages in the USA and the European Union. 
Therefore, often players from some countries can earn income from sports betting even much more than their basic salary.  This is true, you can't argue with that.  This has made it possible to earn money based on modern information and financial technologies at the level of cross-border payments. 
Cryptocurrency payments have greatly helped the world in this matter.

You are right, but then don't you think that those people who are from smaller and less developed countries make their bets based on the dollar rate against their local currency? This means that if a person from the US bets $20 on a game because it isn't a lot of money for them, a person from a third-world country would bet $5 on the same game. After all, when they convert those $5 into their local currency, they become a lot of money for them.

So even though it's true that most of us make our bets or trades or everything we do online in US dollars, we always make sure that we are betting or using money that we can afford to use and don't use it just like a US-native who can afford way more than we can do.

You are right in this, basically when you bet in dollars and use the local currency it turns out good, but if the country has rampant inflation you will not see much profit, if we talk about countries like South America where few countries have and enjoy a good economy like, for example For example, the Chilean economy, and the Basilera, which for me are the only two countries that have a good economy or it is outstanding, because something can work that can lead to the local currency, but in countries with hyperinflation they earn a lot of dollars, it is not much. , because those countries regularly add inflation to the foreign currency, making everything more difficult for that country in terms of money, so the situations in the casinos to play with 5 dollars are good but winning constantly so that you see some profit.

[mak013]

You are right in this, basically when you bet in dollars and use the local currency it turns out good, but if the country has rampant inflation you will not see much profit, if we talk about countries like South America where few countries have and enjoy a good economy like, for example For example, the Chilean economy, and the Basilera, which for me are the only two countries that have a good economy or it is outstanding, because something can work that can lead to the local currency, but in countries with hyperinflation they earn a lot of dollars, it is not much. , because those countries regularly add inflation to the foreign currency, making everything more difficult for that country in terms of money, so the situations in the casinos to play with 5 dollars are good but winning constantly so that you see some profit.

We can use USD if we want to avoid inflation. As i know lots of people in countries with huge inflation exchange usd to their local currency when they need it. In such way cryptocurrencies give us interesting opportunities. We can use USDT if we are afraid of dump, or we can use some cryptocurrencies like BTC and even get some profit while hold it if it pumps.
And it is one of the reasons why we use USD or cryptocurrencies in gambling.

[dansus021]

Well that is an interesting point of view, and there are definitely similarities between the business models of brokers and casinos. Brokers make money from spreads, commissions, and other fees related to trading, regardless of whether their clients win or lose. This can give the impression that brokers always profit, just like how the house always has an advantage in a casino. I mean you are very true at this point  They always made a profit whether you win or lose.

and if you ask Who's Really Playing You in the Money Game based on your statement and my opinion broker Casino vs. Stoc,Forex&Crypto is playing all of us but the things is we do all of it with our consent so no one is really playing anyone haha

[shield132]

You are right in this, basically when you bet in dollars and use the local currency it turns out good, but if the country has rampant inflation you will not see much profit

If you live in countries like Venezuela or Turkey where tomorrow you wake up and your currency is inflated by 20% while the odds of your bet was 1.22, then you won't see much profit but that happens once in a while and in only some countries. If you live in such country, you probably don't have money to gamble or if you have, outcome doesn't matter too much.

We can use USD if we want to avoid inflation. As i know lots of people in countries with huge inflation exchange usd to their local currency when they need it. In such way cryptocurrencies give us interesting opportunities. We can use USDT if we are afraid of dump, or we can use some cryptocurrencies like BTC and even get some profit while hold it if it pumps.
And it is one of the reasons why we use USD or cryptocurrencies in gambling.

USD inflates too, check the chart of how USD's purchasing value decreases over time. The problem is that USD is usually stronger than local currency in poor countries and since USD's value goes up against the local currency, local people think that USD doesn't inflate and is the best asset.

[Hamphser]

Well that is an interesting point of view, and there are definitely similarities between the business models of brokers and casinos. Brokers make money from spreads, commissions, and other fees related to trading, regardless of whether their clients win or lose. This can give the impression that brokers always profit, just like how the house always has an advantage in a casino. I mean you are very true at this point  They always made a profit whether you win or lose.

and if you ask Who's Really Playing You in the Money Game based on your statement and my opinion broker Casino vs. Stoc,Forex&Crypto is playing all of us but the things is we do all of it with our consent so no one is really playing anyone haha

Why would really be needing to think up that critically or do really want to seek answers into those questions on which we can really actually be able to see and really that be able to realize something because it is really such a basic or common stuff? Of course these companies or investors are really that making money since they are doing business on which it would really be just that normal that when it comes to operation
 then they would really be always at the advantage on which us people who do make use of these platforms are the ones who do bring out that profit or revenue via commissions or house edge on casinos.
As for users the we wont really be having no option but to deal or bare with it because this is how business works on which they would really be giving out service but of course
it comes with a cost.

[mak013]

We can use USD if we want to avoid inflation. As i know lots of people in countries with huge inflation exchange usd to their local currency when they need it. In such way cryptocurrencies give us interesting opportunities. We can use USDT if we are afraid of dump, or we can use some cryptocurrencies like BTC and even get some profit while hold it if it pumps.
And it is one of the reasons why we use USD or cryptocurrencies in gambling.

USD inflates too, check the chart of how USD's purchasing value decreases over time. The problem is that USD is usually stronger than local currency in poor countries and since USD's value goes up against the local currency, local people think that USD doesn't inflate and is the best asset.

I know about it. And we can talk about bank deposits, stocks and bonds, but it is far enough from gambling. And USD is the main currency and most stable i think. If you want to have an opportunity to get money fast and deposit it - the best way is your country currency, cryptocurrency or USD.

[iv4n]

We can use USD if we want to avoid inflation. As i know lots of people in countries with huge inflation exchange usd to their local currency when they need it. In such way cryptocurrencies give us interesting opportunities. We can use USDT if we are afraid of dump, or we can use some cryptocurrencies like BTC and even get some profit while hold it if it pumps.
And it is one of the reasons why we use USD or cryptocurrencies in gambling.

USD inflates too, check the chart of how USD's purchasing value decreases over time. The problem is that USD is usually stronger than local currency in poor countries and since USD's value goes up against the local currency, local people think that USD doesn't inflate and is the best asset.

I know about it. And we can talk about bank deposits, stocks and bonds, but it is far enough from gambling. And USD is the main currency and most stable i think. If you want to have an opportunity to get money fast and deposit it - the best way is your country currency, cryptocurrency or USD.

Let's jump into it and see what currencies have turned out to be the most stable in 2024.

#1 – Swiss Franc. Currency code – CHF. ...
#2 – Japanese Yen. Currency code – JPY. ...
#3 – Norwegian Krone. Currency code – NOK. ...
#4 – Swedish Krona. ...
#5 – European Euro. ...
#6 – Singapore Dollar. ...
#7 – United States Dollar. ...

USD is not the most stable currency, but for sure it's the most popular currency. It's not hard to check, just google it. It's not like it's a problem as Shield132 said, it's more like a delusion, people in poor countries (and I am in one of them) have a wrong perspective caused by many factors. Anyway, he is also right, you can't avoid inflation by using any fiat currently... for that, you need to find some other more valuable assets. And it's not hard to google them too, you can find some interesting stuff, but the point is about "can you afford them"?

[delfastTions]

It is optimal, when you have high salary. In my country medium salary is about $400-500, my salary more than $1000, from betting i`ve got about $800(possible i can get more, and even more than the salary). If someone good in maths and search information but have $500 salary - sport betting can seriously improve his income. I even can say that you needn`t be football(or other sports) specialist for it. But i don`t recommend anybody to hire and wait the big profit instantly. It is serious decision and you need to be sure that you have enough money for 1-2 weeks of loses at least. And you have responsibility for your family. It isn`t just make a bet and won $1.000.000.
About BTC is the same - today we know how silly it was to buy pizza. But that moment it was a nice decision. No one knows what can give you profit several years later. For me it is too risky Yes, it is funny enough. For me sport betting can be a main income but buying BTC in 2010, or some other investment is too risky

This is all due to the fact that in different countries around the world, wages for approximately the same work differ too much.  Of course, if you count wages in dollars.  And the cost of accommodation and food also corresponds to local wages.  But if you participate in gambling at the world level, then the scale of bets and winnings is probably based on the level of wages in the USA and the European Union. 
Therefore, often players from some countries can earn income from sports betting even much more than their basic salary.  This is true, you can't argue with that.  This has made it possible to earn money based on modern information and financial technologies at the level of cross-border payments. 
Cryptocurrency payments have greatly helped the world in this matter.

You are right, but then don't you think that those people who are from smaller and less developed countries make their bets based on the dollar rate against their local currency? This means that if a person from the US bets $20 on a game because it isn't a lot of money for them, a person from a third-world country would bet $5 on the same game. After all, when they convert those $5 into their local currency, they become a lot of money for them.

So even though it's true that most of us make our bets or trades or everything we do online in US dollars, we always make sure that we are betting or using money that we can afford to use and don't use it just like a US-native who can afford way more than we can do.

Yeah, it's true, if you use US dollars in the game, and then convert them into local currencies, you can actually earn quite a lot in money that circulates as a legal currency in that country.  Thus, what I talked about about different levels of wages and costs of normal life in different countries begins to matter only if we are talking about cross-border payments between countries with very different general living standards of the population of these countries.  But there are still relatively few such payments in the total number of payments in local currencies.  This is really worth considering when gambling, even using the dollar. 
You are right that this factor does not have a strong influence on the overall gambling situation.

[Fivestar4everMVP]

*Snip

If you live in countries like Venezuela or Turkey where tomorrow you wake up and your currency is inflated by 20% while the odds of your bet was 1.22, then you won't see much profit but that happens once in a while and in only some countries. If you live in such country, you probably don't have money to gamble or if you have, outcome doesn't matter too much.

We can use USD if we want to avoid inflation. As i know lots of people in countries with huge inflation exchange usd to their local currency when they need it. In such way cryptocurrencies give us interesting opportunities. We can use USDT if we are afraid of dump, or we can use some cryptocurrencies like BTC and even get some profit while hold it if it pumps.
And it is one of the reasons why we use USD or cryptocurrencies in gambling.

USD inflates too, check the chart of how USD's purchasing value decreases over time. The problem is that USD is usually stronger than local currency in poor countries and since USD's value goes up against the local currency, local people think that USD doesn't inflate and is the best asset.

Do not forget that USD too is a local currency, but mostly to the Americans, the only reason why USD seems like it's dominating over other local currencies in the world is because USA is the world power, that is, it is the number country in the whole world in terms of economic development and power, and as such, their currency, which is the USD, is adopted and accepted to both local in international trades by every other countries in the world, this adoption is what has given the USD; power over other local currencies from the different counties of the world.

If every country in the world were to dump USD totally, leaving it's usage to the Americans alone, we all will discover that USD is just as normal as any of our local currencies.
And also, you are right about USD losing purchasing power, one thing we must understand is that, every fiat currencies are designed to function the same way, and as such, every fiat currency loses purchasing power over time, regardless of how economically powerfull a country is.

[ZippyPixL]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

It's true that brokers have structured their business so they profit from transactions regardless of the market's ups and downs.
While it might seem like they are stacking the deck, it's also worth noting that their services provide us the platform and opportunity to trade and invest. However, I do agree that as traders, we need to be aware of the costs and ensure we're making informed decisions to manage our risks effectively.

[mak013]

We can use USD if we want to avoid inflation. As i know lots of people in countries with huge inflation exchange usd to their local currency when they need it. In such way cryptocurrencies give us interesting opportunities. We can use USDT if we are afraid of dump, or we can use some cryptocurrencies like BTC and even get some profit while hold it if it pumps.
And it is one of the reasons why we use USD or cryptocurrencies in gambling.

USD inflates too, check the chart of how USD's purchasing value decreases over time. The problem is that USD is usually stronger than local currency in poor countries and since USD's value goes up against the local currency, local people think that USD doesn't inflate and is the best asset.

I know about it. And we can talk about bank deposits, stocks and bonds, but it is far enough from gambling. And USD is the main currency and most stable i think. If you want to have an opportunity to get money fast and deposit it - the best way is your country currency, cryptocurrency or USD.

Let's jump into it and see what currencies have turned out to be the most stable in 2024.

#1 – Swiss Franc. Currency code – CHF. ...
#2 – Japanese Yen. Currency code – JPY. ...
#3 – Norwegian Krone. Currency code – NOK. ...
#4 – Swedish Krona. ...
#5 – European Euro. ...
#6 – Singapore Dollar. ...
#7 – United States Dollar. ...

USD is not the most stable currency, but for sure it's the most popular currency. It's not hard to check, just google it. It's not like it's a problem as Shield132 said, it's more like a delusion, people in poor countries (and I am in one of them) have a wrong perspective caused by many factors. Anyway, he is also right, you can't avoid inflation by using any fiat currently... for that, you need to find some other more valuable assets. And it's not hard to google them too, you can find some interesting stuff, but the point is about "can you afford them"?

I don`t need to check. And the same time i`m sure that with USD i can play in any casino, but i can`t say it about Swedish Krona for example. And i think that in any country it would be easier to change USD than any other currency you names, expect Euro. USD is a comfortable opportunity to decrease inflation loses.

[fikrett]

It is optimal, when you have high salary. In my country medium salary is about $400-500, my salary more than $1000, from betting i`ve got about $800(possible i can get more, and even more than the salary). If someone good in maths and search information but have $500 salary - sport betting can seriously improve his income. I even can say that you needn`t be football(or other sports) specialist for it. But i don`t recommend anybody to hire and wait the big profit instantly. It is serious decision and you need to be sure that you have enough money for 1-2 weeks of loses at least. And you have responsibility for your family. It isn`t just make a bet and won $1.000.000.
About BTC is the same - today we know how silly it was to buy pizza. But that moment it was a nice decision. No one knows what can give you profit several years later. For me it is too risky Yes, it is funny enough. For me sport betting can be a main income but buying BTC in 2010, or some other investment is too risky

This is all due to the fact that in different countries around the world, wages for approximately the same work differ too much.  Of course, if you count wages in dollars.  And the cost of accommodation and food also corresponds to local wages.  But if you participate in gambling at the world level, then the scale of bets and winnings is probably based on the level of wages in the USA and the European Union. 
Therefore, often players from some countries can earn income from sports betting even much more than their basic salary.  This is true, you can't argue with that.  This has made it possible to earn money based on modern information and financial technologies at the level of cross-border payments. 
Cryptocurrency payments have greatly helped the world in this matter.

You are right, but then don't you think that those people who are from smaller and less developed countries make their bets based on the dollar rate against their local currency? This means that if a person from the US bets $20 on a game because it isn't a lot of money for them, a person from a third-world country would bet $5 on the same game. After all, when they convert those $5 into their local currency, they become a lot of money for them.

So even though it's true that most of us make our bets or trades or everything we do online in US dollars, we always make sure that we are betting or using money that we can afford to use and don't use it just like a US-native who can afford way more than we can do.

Yeah, it's true, if you use US dollars in the game, and then convert them into local currencies, you can actually earn quite a lot in money that circulates as a legal currency in that country.  Thus, what I talked about about different levels of wages and costs of normal life in different countries begins to matter only if we are talking about cross-border payments between countries with very different general living standards of the population of these countries.  But there are still relatively few such payments in the total number of payments in local currencies.  This is really worth considering when gambling, even using the dollar. 
You are right that this factor does not have a strong influence on the overall gambling situation.

so it might be interesting to consider how international gambling behaviors might shift as more transactions occur in digital currencies, potentially leveling the playing field but also introducing new complexities.