Topic: Can money be saved in gambling sites? - page 6. (Read 2415 times)

Haha that's right guys it is in fact very easy to get into the trap, they kind of set a trap in their mind and the victim is themselves, I think it's very logical to say this, but yes I won't laugh at them because after all it might not be entirely their will but they are too weak at the beginning in seeing this gambling, so subconsciously they continue to be carried away and finally experience a lot of downfalls there. I think now most of the assumptions about the goal of them is right as you say that is winning and that has obviously blinded their eyes and minds, it is very clear to say that no one (gambler) can beat the house completely, they are only given a portion of the many profits made by the casino but with that alone they are so happy that they change their mindset, and with that I say they have entered the real trap.

Actually it's quite simple if we want to think and think about it, the casino system is made by humans, everything is set up and the question is in this day and age who wants to give you money or winnings for free? the answer is obviously there is no way anyone will give you money for free, and that is the casino. So if you want to earn money then work, don't depend on gambling which is clearly only limited to luck.

First of I will not store a huge amount of India in any of my life in this crypto world. We should learn that we are not fighting for scammer but also 2e we an that people have picture, those who did not join I think youl  will needed to try to use that thing, we should not use people just for us to be connected we should be receiving it naturally.

I think you have some confusion in your opinion. Keeping crypto secure does not mean hiding it.
Following the example you provided, anyone who uses crypto can easily hide his savings, whether in a private wallet or on one of the platforms (trading, gambling, etc.). In this discussion, we are discussing whether using gambling platforms is actually safe or not, and I think you share the majority’s idea that this is no less dangerous than saving them on trading platforms or central wallets such as Web-wallets.
I would be really surprised if there are actually people using gambling sites for long-term crypto storage even if the platform they are using is extremely reliable. According to my information, trading platforms are the most widely used, although this is no less dangerous as well.

You're not incorrect in saying that modern betting platforms have adopted robust security measures like KYC and 2FA. However, the primary function of these platforms is not the safekeeping of funds, but rather, facilitating bets.

Safety isnt just about account security but also about the financial stability of the platform. Unlike a regulated bank or a reputed cryptocurrency exchange, a betting platform is not subject to the same level of scrutiny and regulatory compliance aimed at safeguarding customers' money.

Moreover, the question is: why would one pick a betting platform for saving money when there are multiple more suitable alternatives? If you're stashing money for betting, fine, but to turn a betting platform into your primary mode of savings sounds, at best, unsual, and at worst, risky.

I agree with you but what you are describing are not the biggest risks you run when you leave funds at gambling sites. The biggest risk at casino is to get your funds locked for no reason except some infamous "suspicion of having breached our terms of service" with a request to fulfill an endless KYC in order to try to keep back your funds. So if someone wants or needs to put his money onto a gambling site, it's better to put it into the liquidity pool of a decentralized one.

From this perspective I agree that a gambler can easily become addicted if money is put into gambling platforms. Even if many are not addicted, he will try to gamble with that money again and again. This will make him somewhat anxious but he will feel safe if a gambler loses all his winnings and withdraws. There is no fear of losing if you keep the required amount of money on the gambling platform and gamble. Moreover, sometimes incidents like scamming can also happen. So it is better to deposit gambling money only as per you need to gamble.

Whatever the reason for saving money on gambling sites is not a good thing, just saving money on an exchange already carries a big risk, especially on an exchange, even though it has multiple security keys so that your wallet is safe, but what if the next day they experience bankruptcy, or a system failure? was done by someone to damage the gambling site which made it go bankrupt, it is quite difficult to imagine this, but who knows that it will happen to one of us, so it is better to withdraw everything actually, especially if it is a gambling site that is still new and has untested prospects honesty of their journey.

Well that's right, usually in the beginning they will be given the victory first and over time it is clear that defeat will always dominate them, and by then it's too late because it is very likely that they have entered the addiction zone or maybe close to addiction. Yes, I understand that the thrill of victory is extraordinary, but you also don't overdo it because it's just a lure so that you can keep coming back to gamble. Therefore, it is still normal to look at gambling, winning or losing is a common thing at the end of the game, the casino gives you high hopes for tomorrow when today you get a win and if only your mindset is disturbed and provoked then it is very likely that you will continue to chase the victory, and you will not remember some of the defeats you have experienced before.

Well that's right, subconsciously they will continue to do so based on "chasing losses or covering losses in the previous time in the hope that they will be able to win today to cover that defeat". but what happens? Well right they lose again, obviously this mindset is very dangerous. Yes because that's all we can do to minimize too much loss, limiting the budget is the right choice they can choose, rather than losing too much it's better to prevent it. Well that's right, this is nothing more than just entertainment, don't let you use it to make money there because obviously the situation will definitely reverse, instead of getting a win but instead continue to lose, that's clear.

I don't have a special budget for gambling, but I always apply certain limits every week when I want to make a deposit. Implementing deposit limits is the best way to overcome the bad behavior of spending money only entirely in gambling.

Everything we encounter and everything we do certainly has a certain wisdom in it. And I'm just trying to avoid the negatives that come from reckless gambling. And what happened to my friend was enough to make me aware of bad behavior when gambling.

I have made him aware several times, but he continues to oppose this. Maybe his delivery was wrong so he couldn't accept it, or maybe he was too addicted to gambling so that when someone tried to make him aware, he would always be against it. However, I have tried to do this as best and as fully as possible. And I also realize that I am not yet able to fully overcome and control the gambling activities that I do. And when I want to try again to mediate with my friend, I am very worried if the opposite happens.

Yeah he should have a reason while he decided to choose to save his money on betting site although is been long I heard of hacking a betting site because most of them are very secured, almost all has a kyc verification and 2factor Authentication which enhances the security of your account so to me is safe to save money on the betting platform but the only question is that among all the numerous exchanges while choose to safe money on betting platform and if the plan is to safe the money for betting use then is fine but making a betting site your mode of savings then is not.

I admit that indeed if people save their money on the gambling site is a stupid thing, I want to ask what they mean to do that? hope to multiply by itself?

But maybe if it is intended to do the game on tomorrow, I don't think it is a problem as long as you are still controlling it. I say this in another threat that it is not a problem if the count is in the near future, but if you store long -term money on the gambling site, of course we agree that it is stupidity.

Current bad activities and can't controlling well want to bet more not advisable for me holding or saving money in gambling site, depend with secure or not gambling site but I can't see when my account gambling have fund for bet it actually on weekend always have football matches and seems excited for betting. But not really advisable for saving money in gambling site due many kinds of wallet support for holding cryptocurrency assets, if aware with exchange market account for saving cryptocurrency assets there are have wallet ability controlling by your self when saving money or cryptocurrency assets there.
I doubt with much money saving in gambling assets have out controlling habit keep use for betting until all money saving loss only for betting.

Are you for real! I was shocked when I read OP's question but never thought I would read such a reply!
Do you realize that you can keep your coins safe in your own wallet and no one can know about it or know how much you own?
May I ask you why are you using cryptocurrencies in first place? If you are OK with entrusting a third party with your money then why don't you use credit cards or bank accounts to transact/save money?

Although it is not safe to keep money on a gambling site, someone who is disciplined can keep money on a gambling site and no one will know about it, because in the life of some people, especially those ones that are new to the system of gambling, they keep it as a secret for others not to know about their new behavior towards gambling.

Like I can use myself. For instance, when I started gambling, my parents didn't know because I was hiding it from them, but when I placed a bet and the bet lost, one of the selection lost the whole game and that winning would have taken me a long way as of then, but the game was lost and when I told my Dad about the lost bet, he was surprised to know that I am a Gambler.

Saving your money is good in the betting account but not advisable. Betting accounts are made to save your money for a short time during the betting it's not made for saving your money for a long period. If you will keep it then maybe you will lose all your money. Instead, you have to save your money at your bank or in a wallet which is more securable and will good for you. If you save your money in the betting account then you will do betting when you find any opportunity without thinking that this is your savings. Also, betting accounts have more fees if you store your money there you will have a lot of fees. So that's why save your money in the bank account and if you have Bitcoin then store it in the offline wallet.

Not only that though, it's not really safe to leave money anywhere, specially in crypto because we will not have a control over it. But there will be always the temptation to gamble that money again and again and lose it, so it's going to be cyclical.

Been on that situation before, upon waking up, I know that I have some money in a gambling site, so it's very easy to get addicted as you know you can easily bet anytime and in the end there are regrets in my decision for doing that. So it's better to withdraw everything once you won in a casinos.

Most gamblers lose money over time, which is how casinos generate money. You might win sometimes, but the odds are against you. Lottery odds are exceedingly low.

For gamblers, "chasing losses" is perilous. This unhealthy behavior can lead to greater losses and bankruptcy. But you made a fair point: only bet what you can lose. Why is it termed "responsible gambling."

Anyone wanting to play must know a lot. Know the odds, how the game works, and most crucially, your budget. Your pastime money shouldnt go to waste.

Exactly mate that is the bad idea once we are aiming to or think that the best way to save money is in gambling bad we all know that in the world of gambling we can not predict the outcome so if we loss every of our bet then how can we save? So that's A stupid once we are aiming to save in gambling cause we can't say that we can win all the time. Maybe theres a day wich we can call it our lucky day then we will win but it's not good enough to say that we can save more money.

That will make us sad because we don't have money that can be used to gamble the next day or a few days later, and we are forced to deposit another amount of money into our gambling account. It could exceed the budget we have set if we deposit another amount of money just because we were careless in using all the money to gamble that day. Maybe we don't need to deposit much money into our gambling account, but just what is necessary to anticipate greed that can arise at any time. We also don't know when we will lose self-control because it can happen anytime. And that's why it's better for us not to save money in a gambling account to avoid things like that.

Indeed, some people leave their money in exchanges and gambling site wallets. They need to learn that they should not trust any CEX or even any gambling site because all of it are vulnerable to attacks and sometimes the company will not be held accountable to the loss of asset so I am not encouraging my friends to  leave their asset to any gambling site because they might be under attack of hacking.