Can money be saved in gambling sites? - page 15.

klidex

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Quote from: Docnaster on August 26, 2023, 09:42:29 AM

I think saving money in gambling isn't bad idea especially for people who are always gambling and doesn't have specific time to place bets.
That being said, it also worthy to note that despite the numerous security measures taken by these sites to protect their customers accounts, the gambling sights are still very much hackable. So since the total control of what happens in the sites isn't in the hands of the users, it's not advisable to save money there.

Not that it's not bad but is not it highly discouraged to save money on gambling or any online sites?
Some time ago there was thread asking about whether it is safe to keep funds on gambling sites and be inactive for a period of time and some people said that usually the site will have an inactivity time limit and if that happens it is certain that the funds will be taken by the gambling party because it is already be part of the rules of gambling.
So not only from hackers but also sometimes maybe casinos have this kind of regulation.

RockBell

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Quote from: Docnaster on August 26, 2023, 09:42:29 AM

I think saving money in gambling isn't bad idea especially for people who are always gambling and doesn't have specific time to place bets.
That being said, it also worthy to note that despite the numerous security measures taken by these sites to protect their customers accounts, the gambling sights are still very much hackable. So since the total control of what happens in the sites isn't in the hands of the users, it's not advisable to save money there.

I personally find it challenging to save money online, and while I'm not saying anything will happen to the money deposited in the betting wallet, it's different if it's for that purpose, I'll feel more at ease keeping my spending in the bank for simple access when I need it. And that's the main issue. Any device that is connected to the internet can be hacked, therefore the best I can do is fund my account once I want to place a bet. This is why with cryptocurrency, it is said that you are not in charge of the funds once they get into any exchange and that why we all need to always take precautions when dealing with money.

GxSTxV

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Nowadays even licensed casinos doesn't garantie you anything, we have seen lately many casinos that have licence and was trusted scaming people and run with their money without getting caught. I don't find any reason to save my money in gambling sites without mentioning the danger and desire to gamble with that money. For me any deposited money to any casino means you don't own that miney anymore. Just the same as centralized exchanges.
The best way is to save your money especially large sum of money in hardware wallets or trusted wallets in computer to prevent getting hacked too.

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Quote from: slapper on August 26, 2023, 02:20:53 PM

Quote from: YOSHIE on August 26, 2023, 10:43:09 AM

Quote from: rachael9385 on August 25, 2023, 03:50:51 AM

Is good to save money for future use so we can make good use of it when ever we need to, now what if you decide to save money in your betting account will that be possible to?

For me to save money in online gambling sites, I don't think it's a good idea to do, we know that money in online casinos is only to be risked not to be saved.

I've seen several cases where money was deposited on gambling sites, when they wanted to withdraw the money it couldn't be withdrawn again within a period of several years it couldn't be done, with the reason: the password and email are wrong, I don't know what made everything wrong, it's not clear, what's certain is that the money can't be withdrawn.

My advice, don't save money on gambling sites, just save it according to our wishes to bet, if in the crypto type max $ 100-$ 200 the rest is immediately withdrawn, maybe it's safer.

Listen, you have a valid argument, but let me be clear: casinos, whether online or not, were NEVER intended as savings institutions. It is simply common logic! Different purposes, various outcomes

Your observation regarding the difficulties in withdrawing funds is concerning, and every player should be wary of it. In spite of this, a successful merchant, such as myself, understands the importance of placing wagers intelligently. Not only how much you save is important, but also where you save it. If individuals are encountering such issues, it speaks more to the site than to the concept of online gambling

Your recommendations are sensible. Limit your deposits, exercise caution, and always play on reputable sites. Remember that in the world of gambling, as in business, you need both intelligence and fate

And also, there aren't any form of interest entailed in keeping your money on gambling platforms. If anything, it could even lead you to spend more of it since it's readily available without having to wait for deposit confirmations. Good on you if you are not easily tempted to gamble your money and have thoughts of just spending it in there, but not a lot of people have that godly sense of control to themselves, hence why it's safer to keep money on your own wallet since you might even get lazy of moving it around should you ever want to spend it.

darkangel11

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There's so many ways in which you can save up that to do it on a gambling site is really strange. It's like you'd have so many restaurants to choose from but you'd try to dine in the ones with the worst reviews just because going where most people are going is so mainstream Tongue

The only thing that could make me save up on a gambling site is if I was giving them liquidity and getting a lot of interest for doing it. Then it would be a high risk and high reward saving, but without interest it makes no sense.

famososMuertos

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Quote from: rachael9385 on August 25, 2023, 03:50:51 AM

..//;:.

Your theme has a lot of background... With the beginnings of the Internet "saving" money somewhere on the network was a priority in the world of betting, sites like sckrill, Neteller, were the "novelty" of those years.

But the associated fees were always a problem, some even charged account maintenance and additional monthly payments for TDC maintenance, etc.

So in those years in that first decade of this century, many players preferred to keep their balance in a casino like Poker Star, the red pike.

In fact, the owner of strategy poker, a prominent Spanish player, stated that he preferred to have his money in the red pike than in a bank.

Were undoubtedly other years, but, after Black Friday everything changed it, one of the safest ways to save money from gambling had ended.

Obviously, at the time it worked for many, but it denotes an unnecessary danger at the present time with so many existing technologies.

Finally, never have more money in a casino than you can afford to lose. It is the simplest rule to follow.

Xxmodded

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Not allowed saving money in gambling platform site or account, but I can't do it when opening with my gambling account and have money there will use it for sport betting. Depend with your controlling can manage well or not with money saved in gambling account won't be used at all for betting although with small fund. However need to find trusted gambling platform account if want to save money in gambling sites, not all gambling platform are trusted exactly if any gambling site easily for freezing or suspended your account.

Saving in wallet is better because your coin controlling by your self not depending on third party as gambling platform, when site gambling scam you loss your money.

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Quote from: sokani on August 26, 2023, 05:29:58 AM

As long as the gambling platform does not encounter any sorts of problem and there's no unauthorized access to your account, your funds should be fine. But always remember that gambling sites are centralized and if it's not your keys it's not your coins. The wise thing to do is to move your funds to a wallet and keep it safe.

It is too risky to save money in gambling account because anything can happen, if the money is being tampered it can't be recovered back. Because of security purpose gambling account is not an option for where money should be considered to put. Another reason gambling account is not good for savings is because it can be tempting to play gambling fully knowing that their is money in the account. Gambling account has never been for the purpose of savings.

slapper

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Quote from: YOSHIE on August 26, 2023, 10:43:09 AM

Quote from: rachael9385 on August 25, 2023, 03:50:51 AM

Is good to save money for future use so we can make good use of it when ever we need to, now what if you decide to save money in your betting account will that be possible to?

For me to save money in online gambling sites, I don't think it's a good idea to do, we know that money in online casinos is only to be risked not to be saved.

I've seen several cases where money was deposited on gambling sites, when they wanted to withdraw the money it couldn't be withdrawn again within a period of several years it couldn't be done, with the reason: the password and email are wrong, I don't know what made everything wrong, it's not clear, what's certain is that the money can't be withdrawn.

My advice, don't save money on gambling sites, just save it according to our wishes to bet, if in the crypto type max $ 100-$ 200 the rest is immediately withdrawn, maybe it's safer.

Listen, you have a valid argument, but let me be clear: casinos, whether online or not, were NEVER intended as savings institutions. It is simply common logic! Different purposes, various outcomes

Your observation regarding the difficulties in withdrawing funds is concerning, and every player should be wary of it. In spite of this, a successful merchant, such as myself, understands the importance of placing wagers intelligently. Not only how much you save is important, but also where you save it. If individuals are encountering such issues, it speaks more to the site than to the concept of online gambling

Your recommendations are sensible. Limit your deposits, exercise caution, and always play on reputable sites. Remember that in the world of gambling, as in business, you need both intelligence and fate

YOSHIE

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Quote from: rachael9385 on August 25, 2023, 03:50:51 AM

Is good to save money for future use so we can make good use of it when ever we need to, now what if you decide to save money in your betting account will that be possible to?

For me to save money in online gambling sites, I don't think it's a good idea to do, we know that money in online casinos is only to be risked not to be saved.

I've seen several cases where money was deposited on gambling sites, when they wanted to withdraw the money it couldn't be withdrawn again within a period of several years it couldn't be done, with the reason: the password and email are wrong, I don't know what made everything wrong, it's not clear, what's certain is that the money can't be withdrawn.

My advice, don't save money on gambling sites, just save it according to our wishes to bet, if in the crypto type max $ 100-$ 200 the rest is immediately withdrawn, maybe it's safer.

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Quote from: Docnaster on August 26, 2023, 09:42:29 AM

I think saving money in gambling isn't bad idea especially for people who are always gambling and doesn't have specific time to place bets.

You may think it isn't a bad idea but do you really think a gambler can successfully save money in his gambling account especially for a gambler that's always placing bet? He could be propel at some point to increase his wager amount in the hopes of testing his luck and end up whisking that savings to a horrible loss. And also, when a gambler has money resting in his gambling account he can't be sure of not regularly using it but then how can he save if he regularly gamble with the money.

Quote

That being said, it also worthy to note that despite the numerous security measures taken by these sites to protect their customers accounts, the gambling sights are still very much hackable. So since the total control of what happens in the sites isn't in the hands of the users, it's not advisable to save money there.

The danger amounted to saving your money in a gambling site account is tantamount to same danger in saving your money in centralized exchanges. Just as you clearly said, they are hackable, and the gambler is not in complete control of his account, the gambling site has access to the account.

Anyone that avoids a Cex for these reasons will in likewise avoid taking the decision of having their savings in his gambling site account, it's enormously risky.

topbitcoin

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Quote from: Raflesia on August 26, 2023, 04:27:50 AM

Quote from: Rabata on August 26, 2023, 12:59:36 AM

Quote from: Raflesia on August 25, 2023, 05:56:06 PM

For what? Guarding against loss? I think only people who are really naive would do that.
It is important to realise that the temptation of gambling cannot be prevented if there is still a balance in the wallet or gambling site so thinking about this scenario it would be foolish to keep a large amount of money (savings) in a gambling wallet because this will only be one of the reasons you gamble and spend it.
Although there will certainly be excuses where it depends on our self-control but I can guarantee and will say with full certainty as long as there is money in your balance on one of the sites then you will continue to try to play it in the hope that it will increase Cheesy

We cannot deny that if in casino gamblers keep their money that money will not be re-spent on gambling. Those who wish to save money must divert money away from gambling otherwise they may lose that money. We often indorse limiting your bankroll when gambling. In that case, when planning to deposit money on the gambling platform, the bankroll will ultimately increase through the saving money. Gambling is often difficult to control for a gambler. The money can be used at any time without intending to and the chances of losing the saved money will increase.

The excuse of inadvertence is just a mask because in the end they realise when there is a balance in the gambling wallet then it is bound to run out sooner or later regardless of whether we are frugal or not the important point is that it will run out Cheesy

I know there may be some people who can even grow money in gambling but that is also not just anyone can do so seeing this condition then for us ordinary people who only gamble to make us happy and an ordinary gambler who only hopes for luck in it would be highly discouraged to do so.
Keeping savings in gambling would be the most ridiculous thing to do.

That's right, bro...and I personally choose to empty the balance in my gambling account and move it to a digital wallet, and I do this every time I play. I do this to avoid careless things by spending a lot of money for just one game and if I don't withdraw all the money in my gambling account then what happens when I get a win will run out again in gambling so I won't do it.
with this at least there is a time limit for me to think again when I want to continue the game which will only lead to deeper losses.

Yes.. maybe indeed for all of you who have good self-control and very qualified gambling skills, then this will not be a problem. but for me this is very risky.

noormcs5

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Quote from: Docnaster on August 26, 2023, 09:42:29 AM

I think saving money in gambling isn't bad idea especially for people who are always gambling and doesn't have specific time to place bets.
That being said, it also worthy to note that despite the numerous security measures taken by these sites to protect their customers accounts, the gambling sights are still very much hackable. So since the total control of what happens in the sites isn't in the hands of the users, it's not advisable to save money there.

It is not advised to save money on any centralized site, including the gambling ones. Yeah i know it is a hassle to move money in and out of gambling site if you regularly bet and play the gambling games. In that case, keep only the money with which you need to gamble and in case you won some big amounts, make sure to move them out of the gambling site as soon as possible.

I am not saying that gambling site can scam or they could be hacked but anything is possible and we need to keep our exposure as low as possible on centralized exchanges.

Docnaster

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I think saving money in gambling isn't bad idea especially for people who are always gambling and doesn't have specific time to place bets.
That being said, it also worthy to note that despite the numerous security measures taken by these sites to protect their customers accounts, the gambling sights are still very much hackable. So since the total control of what happens in the sites isn't in the hands of the users, it's not advisable to save money there.

swogerino

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Even if the casino is well reputable and nothing has happened to them,they have not been hacked nor breached the problem by saving money in such a site is that it will always attract you to log in and play and thus risking to lose it all.Up until now I don't know any person who saves money in gambling sites,people who hodl cryptocurrencies they do so in their hardware or offline wallets as they know the money is safe there and there will not be any temptation to go to the casino and try your luck,the only time you will use those money is when the next bull run will come and you will be extremely happy with yourself with what you achieve in such time Grin

.

SOKO-DEKE

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Quote from: rachael9385 on August 25, 2023, 03:50:51 AM

Is good to save money for future use so we can make good use of it when ever we need to, now what if you decide to save money in your betting account will that be possible to?

Saving money on gambling websites that you intend to use later is not something I recommend because of the temptation. If you gamble, it will be very tempting for you to use the money to bet, which could result in you losing the money. When there are so many safe sites to save money, why would anyone even consider saving money on a gambling website? Gambling websites, in my opinion, are not made to be saved on; rather, they are made to be deposited on in case you wish to place bets.

Quote from: rachael9385 on August 25, 2023, 03:50:51 AM

will the money deposited there not be tempered with from the gambling platform or removed automatically from the account after keeping it for a long period of time?

I don't believe a reputable gambling site will mistreat someone's funds since they don't want to damage their name, but who can say what will happen if it goes on for a long time and involves a sizable sum of money? In my opinion, it will be extremely difficult to believe any gambling website, irrespective their reputation. I won't, however, discourage anyone who believes that their money will be safe there. Even if someone wins money at gambling, I will never suggest they leave their money there.

maydna

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Quote from: sokani on August 26, 2023, 05:29:58 AM

As long as the gambling platform does not encounter any sorts of problem and there's no unauthorized access to your account, your funds should be fine. But always remember that gambling sites are centralized and if it's not your keys it's not your coins. The wise thing to do is to move your funds to a wallet and keep it safe.

What makes you think like that? It is your money, and you must be fully responsible for your money. And if you surrender to a gambling site or exchange site, it's not your coins because you don't control the coins. We also don't know how long we will keep the coins in both places because if the market conditions stay the same now, it will be more risky, whatever the reason. But we also don't discourage anyone who thinks that keeping their coins in exchanges or gambling is fine, and they can do it anyway. They just need to think about the risk so they understand it. And it would be better if they keep the coins in their wallet so that they can control their coins.

Taskford

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Quote from: rachael9385 on August 25, 2023, 03:50:51 AM

Is good to save money for future use so we can make good use of it when ever we need to, now what if you decide to save money in your betting account will that be possible to?
We can decide not to save money in our fiat bank account or any other micro finance bank account for one reason or the other and save it in a licensed gambling sites can that idea be possible, will the money deposited there not be tempered with from the gambling platform or removed automatically from the account after keeping it for a long period of time?
I know it might be very hard to save money in a gambling site because we might have the feelings of winning if we try to stake, it can be hard for a gambler to save money in a gambling site but it will be easy for a non gambler, I put in mind that everything start one day so even a non gambler can try at the first, I bring this discussion here so we can discuss about it to keep our selfs busy.

Anything that can make you decide to spend your money is not good venue to save your finances. And its really a bad choice even if you know they are license since anything could still possible to happen then might be hard for you to recover your funds if they encounter big problems. So best save your money on well protected institution and always choose bank if you really want to save your money since gambling platform is meant to be a place where you spend your money and not for savings.

sokani

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Quote from: rachael9385 on August 25, 2023, 03:50:51 AM

what if you decide to save money in your betting account will that be possible to?

Saving your money in a gambling platform is a choice but I wouldn't advise anyone to do that. It comes with a very big risk as the gambling platform might go bankruptcy or cease to exit and that means your would lose your money forever. Moreover, having it in such a platform you might be tempted to gamble with it and end up losing everything.

Quote from: rachael9385 on August 25, 2023, 03:50:51 AM

will the money deposited there not be tempered with from the gambling platform or removed automatically from the account after keeping it for a long period of time?

As long as the gambling platform does not encounter any sorts of problem and there's no unauthorized access to your account, your funds should be fine. But always remember that gambling sites are centralized and if it's not your keys it's not your coins. The wise thing to do is to move your funds to a wallet and keep it safe.

Issa56

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Quote from: rachael9385 on August 25, 2023, 03:50:51 AM

Is good to save money for future use so we can make good use of it when ever we need to, now what if you decide to save money in your betting account will that be possible to?

I don't really think it's encouraging, I am not an addicted gambler, but I don't even make an attempt to do that. When you leave money in your gambling site, sometimes, when you are not supposed to gamble, you will be tempted to do that, and you might end up losing your money gradually, so I don't really think it's proper to keep money in your gambling site. If you have a bank account and a crypto wallet in which you can save your money, then why would you decide to save your money on a gambling site?

Quote from: rachael9385 on August 25, 2023, 03:50:51 AM

will the money deposited there not be tempered with from the gambling platform or removed automatically from the account after keeping it for a long period of time?

If you are using a reputable gambling site, and within the period in which you save your money, they don't really have any issues, I don't think anything will happen to your money. But I don't even think you should save your money on a gambling site, it's not a bank, and the purpose is not to save money, so you don't have to do that. If you try it, then you are just risking your money.

Topic: Can money be saved in gambling sites? - page 15. (Read 2000 times)