Topic: Can money be saved in gambling sites? - page 8. (Read 2193 times)

Well I know that each player can think as they want and can do what they want with their money and things they can do as they want, and I am convinced that every player can do whatever they want with their money, but let's remember the case of the exchanges that have been hacked, for now that is something that greatly alarmed people at the time, and even Theymos himself said it, recommended it, that one's money as a player, as a trader, as a person is when it is in our custody, Meanwhile it is not, and that is something that can be demonstrated, the money that we have in a casino, in an exchange is no longer ours even though it is ours, in a possible hack, because if the casino or the exchange does not respond, then Now they can wash their hands, so it is never good to leave the money in one place, that's why, if the money is under our custody under our private keys, the money is ours, meanwhile it is not, that is something that It should always be taken into consideration, however there are plans in casinos that are for investment and everything, that is a case where the entire risk is assumed by the player/investor.

If this is the case we have to assume it, but there is nothing worse than if we have the money in a casino or in exchange and it happens like in Binance, that they freeze the funds of some people in particular just because the police Country look that way, in fact I made a thread in the Spanish section where this topic is talked about, it is very interesting, and what everyone concludes is that our money should always be under our coustioda, no matter how good and reliable the casino is. Money should always be under our private keys.

It's not just about having no self-control and gambling it all away, because if you are addicted and have no self-control, you will still gamble everything you have even if it's in the bank or your crypto wallet which can be easily deposited which isn't a big deal, but, a casino is not a place to store your cryptocurrencies or money, if you are not using that money for gambling, simply keep it somewhere where it can be safe from attacks and account breaches.

You can barely hear about a person's non-custodial wallet getting compromised and their funds getting stolen, but you will always hear news about casino platforms getting hacked, user accounts being compromised and scammers and hackers stealing millions of dollars from the platform. I bet one wouldn't want to be a victim of that.

Banks do offer stability, but the returns? Yeah, peanuts. Bitcoin and gold can be interesting; their value often bucks the trend of traditional financial instruments. And who doesnt like the idea of their assets, well, actually appreciating in value? Keeping money in gambling site is really a bad idea. Investing is about discipline and foresight, and gambling sites... well, they play a different game. One should always approach them with caution.

You just said that we can save money wherever we want, so why ask for a reason? But if there is; maybe because he is comfortable with it? If he have the urge to gamble he can gamble easily. No need to waste time and fees when transferring but we shouldn't worry because I'm sure he will also do withdrawals wherever he wants money.

As long as the gambling house is trusted, they will have an announcement if they will want to close their business and we can always pull out all of our money there. Trusted gambling sites do also have a good security but we should know that an unexpected hack can still happen. Even stake, Binance and other top sites can get hacked too.

Bank can be a good and reliable medium for saving money but here it is only possible to save one's own money and also it is not possible to get good interest because the bank gives a very small amount of profit. so if we find a good asset for savings like bitcoin gold and invest money on them thinking of future savings then maybe it can bring a positive result. However, it is not possible to save money on gambling sites.  Because if there is money there will definitely be more tendency to gamble and that money may be lost through gambling. So it can never be through a strong servings method

Indeed, if you keep it in small amounts, it will be okay and will not be a serious problem. However, personally, I always empty my balance after I decide to stop playing, whether for large or small amounts. Because whether small or large is still money, and I do this apart from preventing my balance from being lost for no reason, but I also do this to prevent me from being more regular in my gambling activities. Because quite a few people, as long as there is a balance in their account, that is how long they will gamble. I'm just trying to reset my gambling activities and one way is to always empty the balance in my gambling account.

That's what I'll do as well but there are some gamblers that they wanna keep money on online/crypto casinos for their own style of saving money. There could be a main reason behind that so that their money won't be tracked.

But that should be the main purpose why someone wants to keep money in their casino accounts, to preserve it for their next time to gamble and play again.

And to answer if it can be done, so yes but everyone has their own reasons why we are keeping it there.

Because it's much safer than saving money in a casino because I had a bitter experience when I accessed my casino account again after not using it for a long time. As far as I remember, there were still some dogecoins where at that time the price was still relatively cheap so I left it at the casino, after I saw the price. up I accessed it again then my account was frozen so all funds were also frozen. So I took that as a lesson, never leave any funds in a casino even if it's small money.

We will never know the value of the crypto that we leave in the casino could rise and become valuable, the point is always use a personal wallet that can be used to store the crypto money that we have in the casino, don't put it in a third party as you said, whether it's a casino or exchange. 

Of course, it's okay only to save a little money in our gambling account to avoid bad things that could happen. I also keep a little money in my gambling account because I don't have a regular gambling schedule. I can gamble directly with that money and don't need to deposit any more money unless I use all the money to gamble on another day. And if I get a win that can reach the minimum withdrawal amount, I will withdraw the winnings while leaving a little money for me to use to gamble another day. This will save me time in gambling because I can play immediately without waiting for the money to enter my gambling account.

Indeed, only a small amount, and it will certainly be used for gambling when the next leisure time comes around. When I'm more confident in keeping money in my own wallet, a significant portion of my funds will be there rather than on the gambling platform. Winnings from gambling are usually promptly withdrawn to secure my luck and leave a balance for playing games tomorrow.

It's an enticing offer, and this site has maintained a good reputation over time. As long as you're adept at managing and setting limits on your gambling budget, it doesn't seem like a bad idea to store it in a wallet with daily interest benefits.

You know what's so crazy about this discussion, it is the fact there is someone out there who saves his money in a gambling site. There are different reasons for saving money. And these reasons determine the duration which may range from short-term, medium , and long-term.

Therefore the one who decides or is already saving his money on a gambling website may have a short to medium term saving plans. The risk is not high within these ranges but this depends on the amount and the how long the person the casino has been in business for. Please note that I am answering based on the POV of the person who is already crazy enough to save thier money there.

Yup, there is no reason to keep money for a long time on a betting platform except to use it for gambling. Freebitco.in offers rewards for FUN tokens holders. Keeping money on a gambling platform for too long carries the same risks as keeping money with someone else. Even though the casino service is trusted, we have to think negatively "what if someday there is a change in the rules that makes it difficult for me to withdraw money?". Thus, someone will think twice before keep his money on any platform. A safe place to put money is a wallet that we control.

Casinos will not offer benefits to any gambler who will save a certain amount of money or tokens on the casino site and saving money or assets on the casino will only provide big risks and make us uneasy because there are several factors that can endanger all the assets we have, for example when we store Bitcoin assets in a casino then there is a large scale price increase automatically the amount of assets we own will experience an increase in value then the casino might make it difficult if we want to withdraw assets such as asking for a number of KYC requirements besides I not sure there is a gambler storing assets in in the casino without using it to bet until it runs out with nothing left .

Still the main choice when you want to store assets is in a private wallet that has nothing to do with third parties.

I think we should keep whatever money we have as deposit in the bank. We will deposit in the gambling site as much money as we can gamble and enjoy and if all the money is kept in the gambling site then we will be very stupid. Many people while gambling.  There are people who cannot control themselves so if one starts gambling with all his money in a gambling site then when he loses some money there is a possibility of losing all money to recover that money.

It makes sense only if the casino offers you a benefit if you keep your funds deposited on the platform.

Like at freebitco.in, where they pay daily interest over your total balance, so it works like a saving account generating passive income every day. Of course there is still some risk involved, but if the goal is to keep funds at a gambling platform, at least let it at one which keeps generating some extra income.

It’s not good to hold your money in the gambling sites,if you not feel comfortable to save the money in the website.The hacking is the common factor for all cryptocurrencies based platform.The trading account of many traders also getting hacked,So we can’t say the hacking as the reason for not holding funds in the gambling site.If the website with good reputation over huge years,then I will keep my money without doubt.Because we know the trusted website will never scam few dollars.If you feel you get addicted in gambling,it’s better to do withdrawal of full money from the website after the big win from the gambling.

This is nothing but the truth. Gambling sites are centralized and hold your funds. It is not supposed to be used for saving your funds. Even though we have not heard much of hacks in gambling sites, I don't think it is safe to save funds there.

Personally, I don't keep funds, I don't intend to use in gambling, on the website and whenever I have winnings, I quickly withdrawal all and leave only the funds I want to use in playing more games there.  Besides, if you have too much funds in the site, there is the tendency to over-stake or just take irrational decision.

Well I would still say this because I don't know how this is an excellent idea. I mean how would you even think of saving coins or money in your gambling account because it's not safe and it's very unreasonable to even do so. Well if you are hard core gambler then keeping some fraction of money is understandable because always depositing into the account will inquire more charges.

Making money online is simple, we just have to develop brilliant ideas that would explore the necessities that surround us. Saving money on gambling sites, we tend to be open to major risks which would probably having a negative effects on our accounts. How would one even think of saving money in a gambling sites, it makes no sense to me because we have banks and our crypto exchange and wallets. Firstly, we tend to be tempted and would want to place wagers on these games and at the end of the day, using budgeted money to gamble and losing to the system, which we might later regret.

I also enter casinos for entertainment only, not to earn much income. I use the minimum funds that I have set, it will not be more than what I will spend. Storing larger assets is of course in a non-custodial wallet, that's the best. Saving at the casino is only a few tens of dollars in playing capital. It depends on each person's ability, if you have $1000 to use to play then it doesn't matter because it will be withdrawn again in the end if he wins.