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Author Topic: Gambling on events, where do you draw the line?  (Read 996 times)
Darker45
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December 12, 2024, 01:20:04 AM
 #81

I've actually placed bets on stuff such as these, I mean on events outside sports. And I don't think it's a big deal. Making predictions-- and, yeah, possibly making money in the process-- doesn't necessarily mean you are in favor or against.

There might be a sense that you're trivializing it, but that's not the intention. It's not as if you're praying that Israel would attack Iran simply because you've placed a bet on it. You're just predicting based on the developments. Your bet can't influence their decisions anyway.

But, yeah, thanks for pointing this out. We might as well bet on things that don't involve killings and deaths of innocent children.

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December 12, 2024, 03:17:43 AM
 #82

We recently had endless discussions about elections in the US, while most of it was just about politics and less about actually betting, it did spark an interesting question in my mind at that time, and that was, would you bet on the guy that you don't like and you voted against because you know your candidate would lose? So keep your vote, but go for the $?
Aside those who do say they gamble for fun and those who actually gamble for fun, majority Gamblers do gamble to make money so the chances are higher they will always gamble in a way that will favor them and put some dollars in their pocket but on the other hand it may not be their wish, so instead of loosing out completely, they will make sure to have something to reckon with from one end and the other end they can loose probably as it has to do with their choice of candidate in the election.
Yes, people gamble because of fun and make money. But we should understand that we can not always win in gambling so we can choose fun instead money. Money will come to us if we are lucky. But if that is the case, we can vote against our candidate because we see that our candidate can lose anytime. We must be wise using gambling and know the situation that can benefit us so we can place our bet to other candidate instead choose our candidate. A gambler want to takes something from gambling if they can so they will choose the candidate who have a big chance to win. That will make sense.
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December 12, 2024, 02:22:58 PM
 #83

Firstly I don't watch in these events odds unless I'm interested in it and I have a gut feeling that the general trend on media don't reflect the reality. Secondly I don't get much of these events gambling options on regular crypto sites. I did bet on Trump vs Harris on dgbet but they too seem to have very limited options and I haven't found the prediction of wars on the sites I use.
One of the reason why many of such events betting won't work is due to the people who have intel before the event. i.e. higher ranking Israeli soldier would have the idea of a plan to attach Syria soon, they could easily misuse it on their favor.
There were many bookies who include The US presidential election, maybe like 8/10 casinos.

I don't think a big event like global war is manipulated by certain people, it's really not make any sense if their decision is based on how many people bet on certain bookies. It's too big to manipulate, small events and not related to war are likely to be manipulated.

Football match was the example.
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December 12, 2024, 05:00:03 PM
 #84

Will Israel invade Syria in 2024? $408,982 Vol.

Would you try to make money on this?

Looks like the invasion already started according to the news.  I think the people who are into geopolitics could foresee this coming beforehand.
Whoever bets YES wins the large sum as this is premeditated.

Of course they didn't say Israel invaded Syria but it's the same thing as it only sounds like Israeli troops visited the place when in fact they were already in the Golan Heights before the terrorists came.  Golan Heights has been part of Syria since time immemorial.

Nope I'm not betting on this kind of events.

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December 12, 2024, 05:55:54 PM
 #85

One of the reason why many of such events betting won't work is due to the people who have intel before the event. i.e. higher ranking Israeli soldier would have the idea of a plan to attach Syria soon, they could easily misuse it on their favor.
do soldiers really hold human life with so little regard that they could bet on something that would affect countless of other people’s lives potentially including ones from their very own country?

wars aren’t games and people’s lives aren’t toys so to bet on this kind of thing is frankly disgusting it’s basically saying “i bet i can kill someone” and then actually doing it it’s very alarming honestly and should not be normalized

maybe betting like this will not do anything in real life but i still think it’s insensitive
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December 12, 2024, 06:26:16 PM
 #86

Would you try to make money on this?

It depends, and as I only gamble occasionally I don't think I would encounter such situations of moral doubt very often. For me this question is similar to betting against your football team. I believe that in money matters we should not mix feelings and therefore if you want to win money you should make the most rational decision without letting other emotions cloud your judgement although it is better to avoid such bets. There are too many bets you can make. All kinds of bets. You don't need to bet on the ones that cause you a moral dilemma.
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December 12, 2024, 07:37:28 PM
 #87

We recently had endless discussions about elections in the US, while most of it was just about politics and less about actually betting, it did spark an interesting question in my mind at that time, and that was, would you bet on the guy that you don't like and you voted against because you know your candidate would lose? So keep your vote, but go for the $?


I would definitely go and bet on someone I didnt vote for in this scenario. I
mostly follow Rugby and I often bet against my favourite teams so I dont
have a problem with the concept.


At that time I abandoned the idea of creating such a topic cause the whole situation on the forum was already bad enough, tuning those topics into 4 chan material but with the current events and current "offers" on polymarket, from the Tyson match to actual war I'm curious, what kind of bets are simply too much for you?

Here are a few examples from Polymarket right now, from bad to worse:

Will Israel invade Syria in 2024? $408,982 Vol.
Another Israeli military action against Iran in 2024? $750,767 Vol.
North Korea x South Korea military clash in 2024?$653,593 Vol.
Will a nuclear weapon detonate in 2024? $3,445,778 Vol

Would you try to make money on this?

This is where I draw the line, betting on situations or perceived future outcomes
like the above because there are so many variables which can influence the outcome.

For me ai treat it as a way for a casino or platform to make easy money from
those who are compulsive gamblers.

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stompix (OP)
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December 14, 2024, 08:41:24 AM
 #88

There might be a sense that you're trivializing it, but that's not the intention. It's not as if you're praying that Israel would attack Iran simply because you've placed a bet on it. You're just predicting based on the developments.

And you're going to tell me that someone who has ut ten grand on that and sees nothing happening won't pray on the 31st for them to finally drop on a nuke or at last a bomb to start a damn war so he can cash out?
Common, I saw enough live matches where people in the bar would scream break his legs the moment a player would have a chance of scoring and make them lose their bets so I am pretty sure there are a ton of guys out there who if they would be given a choice between praying for a few strangers to get killed and $100k would take the money without hesitation.

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Fivestar4everMVP
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December 14, 2024, 08:54:00 AM
 #89

There might be a sense that you're trivializing it, but that's not the intention. It's not as if you're praying that Israel would attack Iran simply because you've placed a bet on it. You're just predicting based on the developments.

And you're going to tell me that someone who has ut ten grand on that and sees nothing happening won't pray on the 31st for them to finally drop on a nuke or at last a bomb to start a damn war so he can cash out?
Common, I saw enough live matches where people in the bar would scream break his legs the moment a player would have a chance of scoring and make them lose their bets so I am pretty sure there are a ton of guys out there who if they would be given a choice between praying for a few strangers to get killed and $100k would take the money without hesitation.

Absolutely true, it doesn't matter how much many of us try to lie to ourselves, the truth is can not be hidden forever if at all it gets hidden, it is common said that "where a man's treasure is, there is his heart", it is completely absurd to put money on something, like betting on that thing to happen, and then wish or pray otherwise (for that thing not to happen) knowing fully well that if it doesnt happen you will lose your money.

The fact remains that no body enjoys losing their money no matter how much they have it, anybody betting on a war to happen will secretly pray for it to happen so they can win the bet and cash out, whoever says that himself putting up a bet on a war doesn't mean he is praying it happens, is simply lieing to himself and he knows it, he is just trying to make himself not to feel guilty for he knows what what he is doing is wrong.
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December 14, 2024, 09:31:15 AM
 #90

We recently had endless discussions about elections in the US, while most of it was just about politics and less about actually betting, it did spark an interesting question in my mind at that time, and that was, would you bet on the guy that you don't like and you voted against because you know your candidate would lose? So keep your vote, but go for the $?

I have not bet on events outside of sports before. If I am to bet on political events, I will definitely look beyond my favorite candidate and focus on the candidate I think is most likely to win. The essence of gambling is to predict accurately, so I will not intentionally make silly mistakes and still expect to win by miracle. Yea, I will go for the money.

At that time I abandoned the idea of creating such a topic cause the whole situation on the forum was already bad enough, tuning those topics into 4 chan material but with the current events and current "offers" on polymarket, from the Tyson match to actual war I'm curious, what kind of bets are simply too much for you?
I really do not understand why people are comfortable betting on wars, natural disasters and other events we would wish that they do not happen at all. Such bets are way too much for me and I do not see myself placing bets on any of those no matter the money involved. If I have the chance, I will put a stop to such betting options in casinos. Making money from bad news like these portrays a negative perception about humanity.


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December 14, 2024, 09:44:57 AM
 #91

Will Israel invade Syria in 2024? $408,982 Vol.
Another Israeli military action against Iran in 2024? $750,767 Vol.
North Korea x South Korea military clash in 2024?$653,593 Vol.
Will a nuclear weapon detonate in 2024? $3,445,778 Vol

Would you try to make money on this?

I would not try to make money from this because I know how our bets can impact the reality of this events to happen. There will be some rich people that might want to play games and try their best to make this events to happen. Just as when gun producers sponsor violence as it makes business to be in profits for them. I will draw the line at this because this events happening will make human life to be lost. We might think that it would not affect us but regardless of how far the events are from us. It will affect us somehow because of how connected the world is. We need some things from some of the countries that you method and we also export to them and in the event of war, all this might seize and we begin to have poor economy growth in our country.
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December 14, 2024, 10:35:18 AM
 #92

Will Israel invade Syria in 2024? $408,982 Vol.

Would you try to make money on this?

Looks like the invasion already started according to the news.  I think the people who are into geopolitics could foresee this coming beforehand.
Whoever bets YES wins the large sum as this is premeditated.

Of course they didn't say Israel invaded Syria but it's the same thing as it only sounds like Israeli troops visited the place when in fact they were already in the Golan Heights before the terrorists came.  Golan Heights has been part of Syria since time immemorial.

Nope I'm not betting on this kind of events.
Just like how Polymarket is invading the gambling lines.

Yeah, I think those who have knowledge that this will happen will make money out of this and I am also not joining such a thing. It's not about being a gambler or whatever, but it's because it could light some fire that might start a World War.
My gramps told me how difficult life is during a war and up until now just imagining it gives me goosebumps. I think Polymarket should really be careful with the lines they will input into their gambling site. Sure, it sounds fun to others to bet for such events but there might be consequences that we cannot see right now.

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December 14, 2024, 06:47:05 PM
 #93

would you bet on the guy that you don't like and you voted against because you know your candidate would lose? So keep your vote, but go for the $?
I was faced with this terrible decision with Harris vs Trump's election which later made me steer clear of betting it despite wanting to badly. Harris was my person but Trump looked like the winner, so betting on Harris was the same as wasting my hard-earned money, so I stayed off. However, this shouldn't be a big deal in other situations and I've done it in football many times as I bet against the team I supported, except that I took that election kinda personally.

Quote
what kind of bets are simply too much for you?
No bets are too much for me, I can only manage the wagering amount in relation to the feasibility of the happening the way I envisaged.

Quote
Will Israel invade Syria in 2024? $408,982 Vol.
Another Israeli military action against Iran in 2024? $750,767 Vol.
North Korea x South Korea military clash in 2024?$653,593 Vol.
Will a nuclear weapon detonate in 2024? $3,445,778 Vol

Would you try to make money on this?
Yes, these are the least of my worries in betting. And like I said earlier, I will manage my wagering amount, this is better than entertaining fear. Events like this are simple for me to bet.

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December 14, 2024, 06:57:53 PM
 #94

I don't think that people like to bet on such kind of a thing, were people like to is normal gambling, but anything that has to do with political bet, because political bet is full of disappointment that is why many people doesn't like to bet on such kind of betting, what they really love to bet is soccer game kind of gambling, cricket kind of gambling, tennis kind of gambling, casinos kind of gambling, this numerous kind of gambling is what people really need. Not political kind of gambling as I said before.

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December 14, 2024, 07:26:22 PM
 #95


Here are a few examples from Polymarket right now, from bad to worse:

Will Israel invade Syria in 2024? $408,982 Vol.
Another Israeli military action against Iran in 2024? $750,767 Vol.
North Korea x South Korea military clash in 2024?$653,593 Vol.
Will a nuclear weapon detonate in 2024? $3,445,778 Vol

Would you try to make money on this?

As long as the platform lets their gambler take the initiative on what to bet and create topics on what to bet, you will see this kind of bet. Gamblers are so imaginative when you give them the freedom to bet what they want. This may look unethical for others, but for gamblers, its a chance for them to make money. People love to bet on current events like war because they can analyze the circumstances and the history to come up with what they think is right.
I will not be surprised if, in the future, we have a platform betting about wars because humans have histories of wars in them.

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December 14, 2024, 08:20:13 PM
 #96

I don't think that people like to bet on such kind of a thing, were people like to is normal gambling, but anything that has to do with political bet, because political bet is full of disappointment that is why many people doesn't like to bet on such kind of betting, what they really love to bet is soccer game kind of gambling, cricket kind of gambling, tennis kind of gambling, casinos kind of gambling, this numerous kind of gambling is what people really need. Not political kind of gambling as I said before.
I don't think because they don't like it but political bets are not yet crowded after some time ago such as the US selection and many who chose Trump and from there also a lot of profits will be more crowded in the politics betting. And if the prize is very tempting in a short time it will become crowded back in the future.

People who are interested in politics are a little but the course of time if the benefits are very tempting I think many people will try it and even make the mainstay in gambling. But I am for the events that OP mentioned for me is not interesting, I prefer elections than that kind of thing.
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December 14, 2024, 09:28:39 PM
 #97

I never bet or support bets about wars, especially on something that predicts a potential war; its unethical, and you are like wishing the war to happen. A platform like Polymarket should not let such a topic be created, or they will incur people who see this as distasteful.
There should be limits to what these platforms can accommodate. We are gamblers, but we are humans too.

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Aanuoluwatofunmi
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December 14, 2024, 09:40:05 PM
 #98

I don't think that people like to bet on such kind of a thing, were people like to is normal gambling, but anything that has to do with political bet, because political bet is full of disappointment that is why many people doesn't like to bet on such kind of betting, what they really love to bet is soccer game kind of gambling, cricket kind of gambling, tennis kind of gambling, casinos kind of gambling, this numerous kind of gambling is what people really need. Not political kind of gambling as I said before.

Gambling is now advanced more than you think, the same way you can discover that nowadays, people can gamble on anything, we may take the US presidential election as a good example the way many gamble on the winner and many more like that.

Some people like getting involved in arguments, some like to establish on their facts and some will tell you that it can only be on betting that they may try to engage a discussion argument with anyone and money have to be involved because they are very sure on their own stand, so it happens that people gambles on live events, it may not just be predominant.

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Makus
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December 14, 2024, 10:45:27 PM
 #99

I don't think that people like to bet on such kind of a thing, were people like to is normal gambling, but anything that has to do with political bet, because political bet is full of disappointment that is why many people doesn't like to bet on such kind of betting, what they really love to bet is soccer game kind of gambling, cricket kind of gambling, tennis kind of gambling, casinos kind of gambling, this numerous kind of gambling is what people really need. Not political kind of gambling as I said before.

You see, that is why we are not like robots which may have a synchronize thinking faculty. As humans we all have the option to like and dislike things, in as much as you may not like other form of gambling eg political gambling, there are people who love those forms of gambling, reason being that, they have quite a good understanding of how these things work from inside, and being able to predict human actions based on their personality its a skill just as most person are able to tell the price of some cryptocurrency in the next few months or years. Sometimes the persons who get lucky in wining the lottery are those who follow their instincts, even if its against normality.

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December 14, 2024, 11:31:17 PM
 #100

I don't think that people like to bet on such kind of a thing, were people like to is normal gambling, but anything that has to do with political bet, because political bet is full of disappointment that is why many people doesn't like to bet on such kind of betting, what they really love to bet is soccer game kind of gambling, cricket kind of gambling, tennis kind of gambling, casinos kind of gambling, this numerous kind of gambling is what people really need. Not political kind of gambling as I said before.
I think there are people who’d rather prefer to bet on real life events like politics, especially those who have gained some good level of knowledge and have really understood the field, it’ll be a lot more easier for them to make predictions in such areas. Everyone has an area of preference, where they can really feature very well, just as most people prefer to bet on sports, there are also those who would rather bet on other areas asides sports maybe because they don’t find sports as thrilling as we do and so would rather not attempt betting on them.

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