Best Practices for Staying Safe When Gambling - page 22.

Sandra_hakeem

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Quote from: Oshosondy on September 22, 2023, 10:17:22 AM

I like 2FA, it adds another layer of protection. There are some gambling sites that do not require KYC, people should know that losing the 2FA backup can lead to loss of their gambling site account that they enable it. But it helps against hackers.

That's true... Sometimes, I feel really scared of running the 2FA security backup for this same reasons too...I feel passphrases are much more comfortable and you've got nothing much to worry about...or atleast for the fact that alot of P2P platforms that have appreciated the 2FA security setup require alot more than said.

I believe alot have been influenced positively from this topics and, I can say - the compilation is outrightly a good reference for 'em newbies...

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Quote from: Crypt0Gore on September 25, 2023, 02:32:59 AM

Quote from: alinknila on September 22, 2023, 10:10:27 AM

The easiest way to avoid all the nonsense from crappy online casinos is to follow the steps of others on this forum, avoid all online casinos that are not on this forum, use stake.com, Roobet, and other popular casinos on this forum and you will be fine, there will be less craps from casinos and you will have a good experience gambling online, most newbie oy learn after they use some random online casinos they found while surfing the internet, do not be like them.

That is being biased, IMO. The forum is just a small place of the vast world out there. Saying that the only reputable casinos are those that have an announcement here in the forum is somehow wrong. Besides there are many bigger casinos that are not involved here in the forum so we might be missing out on something if we just keep our attention in this forum.

For some people who does not have any knowledge nor experience to where they can start gambling using cryptocurrency, I think the idea of playing in online casinos that was being promoted here in the forum would be enough and better. I agree that there are some other platform that they can discover online gambling, but for users who go in here, that's the best choice.

Quote from: Crypt0Gore on September 25, 2023, 02:32:59 AM

Quote

Also, make sure you send the exact amount you are prepared to lose into any online casino's account, there are a few reasons why this is important, some people turn addicted this way because they believe they have a lot of money but they are not ready to lose it all, once they use the whole balance to gamble they will have no choice but to try chasing their losses which will eventually leads to more losses.

I agree, sending an amount we can afford to lose prevent us to spend more in case we lost our bankroll, we also just keep ourselves on the boundaries and don't step out of it since it can affect our financial capabilit negatively.

To make it short, set up a budget plan that is supposed to spend on gambling. Dont't overspend, don't be greedy and of course, don't be impatient.

Quote from: Crypt0Gore on September 25, 2023, 02:32:59 AM

Quote from: alinknila on September 22, 2023, 10:10:27 AM

From this point on, they will start engaging into things they aren't used to before, like borrowing money from friends and people around them, promising to pay them back sooner, and if they lose such money that's where problems will evolve, they will start sneaking around with debts.

True, there are lots of gamblers who borrow money because they are hooked to the gambling games they are playing. They wanted to chase losses by borrowing money which eventually may be lost and make that person left with huge debt that he is unable to pay.

Most of them actually, the effect of gambling really hit them that they will do everything just to continue playing. I have encounter lots of them, they will borrow money and saying that they will use it on a different purpose, but in the end, you will know that they already burned the money in gambling.

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Quote from: serjent05 on September 25, 2023, 05:31:44 AM

Quote from: alinknila on September 22, 2023, 10:10:27 AM

And remember - Have fun and gamble safely

Just noticed this, although this is a good words but adding responsibly might be much better

You're absolutely right! Thank you for the suggestion, it is now updated thanks to you Wink

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Quote from: alinknila on September 22, 2023, 10:10:27 AM

And remember - Have fun and gamble safely

Just noticed this, although this is a good words but adding responsibly might be much better

Quote from: Crypt0Gore on September 25, 2023, 02:32:59 AM

The easiest way to avoid all the nonsense from crappy online casinos is to follow the steps of others on this forum, avoid all online casinos that are not on this forum, use stake.com, Roobet, and other popular casinos on this forum and you will be fine, there will be less craps from casinos and you will have a good experience gambling online, most newbie oy learn after they use some random online casinos they found while surfing the internet, do not be like them.

That is being biased, IMO. The forum is just a small place of the vast world out there. Saying that the only reputable casinos are those that have an announcement here in the forum is somehow wrong. Besides there are many bigger casinos that are not involved here in the forum so we might be missing out on something if we just keep our attention in this forum.

Quote from: alinknila on September 22, 2023, 10:10:27 AM

From this point on, they will start engaging into things they aren't used to before, like borrowing money from friends and people around them, promising to pay them back sooner, and if they lose such money that's where problems will evolve, they will start sneaking around with debts.

True, there are lots of gamblers who borrow money because they are hooked to the gambling games they are playing. They wanted to chase losses by borrowing money which eventually may be lost and make that person left with huge debt that he is unable to pay.

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There is a mistake that some people make when they want to gamble at a casino, they plan to risk $30 for example and they go ahead and make a larger deposit, why a larger deposit when you aren't ready to lose all that money?

Even if you have $30 to risk in mind, since your Bankroll is more than $30 you will end up using more money to gamble, you can't make plans in mind, the mind is different from being disciplined, being disciplined leads to the right actions.

If $30 is all you can right then deposit only that amount on the casino, if you lose all that money it's better, you can feel bitter but that's for the day or week, you should be able to easily shut down your computer and walk away, but if you have a larger bankroll waiting in your balance, you will be easily tempt to use more money to gamble on that same day.

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Quote from: Yamifoud on September 25, 2023, 01:07:50 AM

I would say that keeping these things always in mind helps us to avoid big losses and hacking incidents. Now, it is up to us how we manage ourselves to keep those practices and live that way because it makes no sense if we don't even though we know it already. The sad truth is that most of us just realize that we are wrong after making mistakes, we never thought it first before making a decision. A reason why many gamblers suffered first which in fact, we can anticipate that situation since some gamblers already warned us.

This is normal because we often take small things that may not seem important to us for granted. Even though when we think about it, it is something we really have to do to avoid major losses and hacking incidents. We also have to be responsible with our gambling so that we don't experience the bad things that have happened to many gamblers so we don't have to experience them. And don't forget to always check the security of your account and always use the money you can afford to gamble so that you don't lose too much. Don't forget to activate 2FA on all your gambling accounts on casino sites to avoid hacking.

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Quote from: alinknila on September 22, 2023, 10:10:27 AM

Best practices

Setting a loss limit

In this case it felt difficult for me to do in the past, sometimes defeat made me upset and I kept trying without realizing that my finances were bad,
but for now I can control my finances to play the game. and it is true that by setting a loss limit we can control our finances so that they are not completely drained by gambling

Mauser

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Quote from: alinknila on September 22, 2023, 10:10:27 AM

This is the place to share the best ways to stay safe while gambling

That is a great summary of what many users here on the forum consider a safe way for gambling. Staying safe while gambling online is a very different to visiting a physical casino. Online we only face virtual threats and it's all about protecting our personal information and our money, wherease in a physical casino we also need to worry about physical threats and that is why I never visit my local casino alone. Going with friends to visit your hometown casino makes it more fun and also offers some protection. Especially after a bigger win I woulld be afraid to get robbed on my way home. While gambling online it's all about our money and not losing access to it or making it too easy for other people to steal it. Having a secure wallet where we transfer in all bigger wins is mandetory. In general I would always be cautious when it comes to money and try to use several layers of security to not risk too much at once.

Crypt0Gore

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The easiest way to avoid all the nonsense from crappy online casinos is to follow the steps of others on this forum, avoid all online casinos that are not on this forum, use stake.com, Roobet, and other popular casinos on this forum and you will be fine, there will be less craps from casinos and you will have a good experience gambling online, most newbie oy learn after they use some random online casinos they found while surfing the internet, do not be like them.

Also, make sure you send the exact amount you are prepared to lose into any online casino's account, there are a few reasons why this is important, some people turn addicted this way because they believe they have a lot of money but they are not ready to lose it all, once they use the whole balance to gamble they will have no choice but to try chasing their losses which will eventually leads to more losses.

From this point on, they will start engaging into things they aren't used to before, like borrowing money from friends and people around them, promising to pay them back sooner, and if they lose such money that's where problems will evolve, they will start sneaking around with debts.

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Quote from: Pandu Geddon on September 24, 2023, 11:47:52 PM

and most importantly, you can get used to not leaving assets in the casino. So after winning or playing, just withdraw the rest and deposit again if you really want to play. Don't think too much about costs, your assets are worth more than the small costs you incur.

I have experience like that, never leave any funds in the casino as much as possible to pull even though some crypto does not look valuable in your eyes, I once left several dogecoin when the price is still dozens of satoshi but after seeing the price soared I returned to the casino but the account and funds I was frozen. I think it is a valuable experience for me and I remind this so that people don't do it.

We will never know the price of crypto in the future so whatever value, you should withdraw all the funds if you want to leave the casino but if you still want to play just a little fund to play later, at least take and withdraw all the funds of the victory, because it could be one day later The price of crypto rose drastically as an example of Dogecoin.

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I would say that keeping these things always in mind helps us to avoid big losses and hacking incidents. Now, it is up to us how we manage ourselves to keep those practices and live that way because it makes no sense if we don't even though we know it already. The sad truth is that most of us just realize that we are wrong after making mistakes, we never thought it first before making a decision. A reason why many gamblers suffered first which in fact, we can anticipate that situation since some gamblers already warned us.

mindrust

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Just don’t deposit more than you are comfortable with losing. Let’s say you deposited $100 on a casino, you should forget about that money because one way or another you will probably lose that money. 95 out of 100 times, you will lose it playing but sometimes other unlucky stuff happen too. The casino may demand KYC on you, your acc may get hacked (small chance if you got 2FA) but the worst of all, the whole casino may get hacked and then even 2FA won’t save you. So don’t feel too cocky just because you enabled 2FA on your account. A site-wide hack is still possible. Now read the first sentence of my post and it will make more sense.

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Quote from: Subbir on September 24, 2023, 09:43:44 PM

A strategy plan for gambling will help you understand the rules and mechanics of the game as well as your conditions and motivation to proceed. You should think about how you can change the rules or use different methods to change your chances of winning. Also accounts are constantly being hacked and account recovery is becoming difficult. I think for gambling if we do not check the security of the accounts before starting the game and use the 2fa code then the accounts are safe and there will be no big risk of losing money. 2FA is essential to web security because it immediately neutralizes the risks associated with compromised passwords also before sharing any information on gambling sites check whether it is secure.

What is also important to do is use the device that you own and that only you operate. do not access using publicly available rental devices. or even borrow a friend's. 2FA really helps secure our casino accounts. Many gamblers use it for layered security on their accounts so they are not easily compromised.

and most importantly, you can get used to not leaving assets in the casino. So after winning or playing, just withdraw the rest and deposit again if you really want to play. Don't think too much about costs, your assets are worth more than the small costs you incur.

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A strategy plan for gambling will help you understand the rules and mechanics of the game as well as your conditions and motivation to proceed. You should think about how you can change the rules or use different methods to change your chances of winning. Also accounts are constantly being hacked and account recovery is becoming difficult. I think for gambling if we do not check the security of the accounts before starting the game and use the 2fa code then the accounts are safe and there will be no big risk of losing money. 2FA is essential to web security because it immediately neutralizes the risks associated with compromised passwords also before sharing any information on gambling sites check whether it is secure.

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Quote from: serjent05 on September 24, 2023, 05:49:52 PM

Quote from: Hispo on September 24, 2023, 05:29:34 PM

Quote from: goldkingcoiner on September 24, 2023, 03:10:41 PM

Good on you for making some great points on gambling safety as well as adding on sources of detailed Bitcointalk posts on the practices. However I think there are more to be added.

A good point to add is to only gamble on Bitcointalk approved casinos. This will greatly lessen your chances of getting scammed by some fake or unprofessional casino. Also, KYC platforms will at some point ask for KYC so I think it is safer to do KYC before depositing any funds. So if something goes wrong, you are not stuck in a month long battle just to get your money back. You should keep updating this topic every now and again to keep everyone informed and safe.

Keep up the good work, OP! Grin

You know, your post make me think how many Bitcoin casinos there are out there which do not have or have never had a thread there in Bitcointalk. There are probably several small ones, but I cannot think of one big enough casino which deals with Bitcoin and do not have an thread here.

Those casinos that only deal with fiats deposit does not have announcement here but it does not mean that these casinos are not reputable. Most of the casinos that have an announcement here deals with BTC so I believe it is biased to think that those that does not have announcement here in the forum should be avoidied.

Quote

On the other hand, I can recall there were a couple of casinos which have an official ANN here, but for some reasons related to some shady practices or drama, decided to stop giving support on here, which does not help to their reputation, obviously.

I agree, having an announcement thread here does not signify that these casinos will not scam their player. We have seen cases of it here where a casino with announcement thread here scam their players.

Quote

I would only agree on visiting webs which do not have an ANN here, if one is willing to only wager a small amount on those and in order to try new places to gamble on, the serious gambling should only take place in reliable sites.

When visiting unknown websites, we can always look for different review sites and check the condition of the casino in dealing with their players. Others would love to share any injustice they experience in these review sites so it would be a good hint about the reputation of a casino.

Even if there are casino which are reputable, deal with FIAT and do not have a thread here. It is difficult for me to think about the possibly of those services not considering to accept Bitcoin and other cryptos, to make their gamblers life easier.
Here in my country, the use of Stablecoins and Bitcoin has become so widespread that people would prefer to use those decentralized tools instead their bank accounts. I have seen some advertisements of casinos in the streets of my city and those casinos do not have an ANN here, whether they are reputable or not, I cannot say.

But I am almost sure they accept Crypto, otherwise they won't have marketshare here. In the case someone hit a jackpot and wanted to withdraw to their bank account, there would be a real risk of getting the bank account frozen or seized.

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This is one good act to bring compilation or a thread dedicated to help gamblers safer in their playing as long as they are willing to listen and understand what others wanted them to learn.

have no thread to share , but I am willing to support this thread and will share here once there are valuable topic that I may come across.

continue this legacy not just for now, but for the future.

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Do not gamble with others' money and loan money. That's going to make your life miserable when your gambling desire can't keep you up anymore. Good attachments and compilation for the links you've made OP.

Quote from: bettercrypto on September 24, 2023, 05:01:10 AM

I believe that if you only enable 2FA for gambling, there is a good possibility that a hacker won't be able to easily access your account.

It's not just for gambling but almost for everything when you want to secure your accounts, 2FA is the way to go.

Quote from: bettercrypto on September 24, 2023, 05:01:10 AM

This is where your gambling account is already well protected; provided that the casino platform owner did not initiate the hold or freeze of your account.

A casino will only hold or freeze your funds when you're probably suspected cheating their system.

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Quote from: Hispo on September 24, 2023, 05:29:34 PM

Quote from: goldkingcoiner on September 24, 2023, 03:10:41 PM

Good on you for making some great points on gambling safety as well as adding on sources of detailed Bitcointalk posts on the practices. However I think there are more to be added.

A good point to add is to only gamble on Bitcointalk approved casinos. This will greatly lessen your chances of getting scammed by some fake or unprofessional casino. Also, KYC platforms will at some point ask for KYC so I think it is safer to do KYC before depositing any funds. So if something goes wrong, you are not stuck in a month long battle just to get your money back. You should keep updating this topic every now and again to keep everyone informed and safe.

Keep up the good work, OP! Grin

You know, your post make me think how many Bitcoin casinos there are out there which do not have or have never had a thread there in Bitcointalk. There are probably several small ones, but I cannot think of one big enough casino which deals with Bitcoin and do not have an thread here.

Those casinos that only deal with fiats deposit does not have announcement here but it does not mean that these casinos are not reputable. Most of the casinos that have an announcement here deals with BTC so I believe it is biased to think that those that does not have announcement here in the forum should be avoidied.

Quote

On the other hand, I can recall there were a couple of casinos which have an official ANN here, but for some reasons related to some shady practices or drama, decided to stop giving support on here, which does not help to their reputation, obviously.

I agree, having an announcement thread here does not signify that these casinos will not scam their player. We have seen cases of it here where a casino with announcement thread here scam their players.

Quote

I would only agree on visiting webs which do not have an ANN here, if one is willing to only wager a small amount on those and in order to try new places to gamble on, the serious gambling should only take place in reliable sites.

When visiting unknown websites, we can always look for different review sites and check the condition of the casino in dealing with their players. Others would love to share any injustice they experience in these review sites so it would be a good hint about the reputation of a casino.

Hispo

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Quote from: goldkingcoiner on September 24, 2023, 03:10:41 PM

Good on you for making some great points on gambling safety as well as adding on sources of detailed Bitcointalk posts on the practices. However I think there are more to be added.

A good point to add is to only gamble on Bitcointalk approved casinos. This will greatly lessen your chances of getting scammed by some fake or unprofessional casino. Also, KYC platforms will at some point ask for KYC so I think it is safer to do KYC before depositing any funds. So if something goes wrong, you are not stuck in a month long battle just to get your money back. You should keep updating this topic every now and again to keep everyone informed and safe.

Keep up the good work, OP! Grin

You know, your post make me think how many Bitcoin casinos there are out there which do not have or have never had a thread there in Bitcointalk. There are probably several small ones, but I cannot think of one big enough casino which deals with Bitcoin and do not have an thread here.

On the other hand, I can recall there were a couple of casinos which have an official ANN here, but for some reasons related to some shady practices or drama, decided to stop giving support on here, which does not help to their reputation, obviously.

I would only agree on visiting webs which do not have an ANN here, if one is willing to only wager a small amount on those and in order to try new places to gamble on, the serious gambling should only take place in reliable sites.

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Quote from: Jawhead999 on September 24, 2023, 10:06:05 AM

I mean, there's no reason to buy someone else account when you can create your own account for free. I don't think when someone want to gamble, the first thing come into their mind is buying someone account. They will made research, choose the casino and try to create an account on there.

Many people buy accounts because they have high VIP levels and those high ranked accounts receive a lot of bonuses. This is pretty much the main reason why someone would buy and use someone else's account.
Although it's profitable, I don't recommend anyone to do it. It's too risky and against most casino's terms. Accounts are supposed to be personal and shouldn't be traded. There is a high risk the casino will ban the account if they find out it changed hands. Better create your own account and build it from scratch.

Topic: Best Practices for Staying Safe When Gambling - page 22. (Read 3586 times)