Topic: Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game - page 4. (Read 3437 times)

Well that is an interesting point of view, and there are definitely similarities between the business models of brokers and casinos. Brokers make money from spreads, commissions, and other fees related to trading, regardless of whether their clients win or lose. This can give the impression that brokers always profit, just like how the house always has an advantage in a casino. I mean you are very true at this point  They always made a profit whether you win or lose.

and if you ask Who's Really Playing You in the Money Game based on your statement and my opinion broker Casino vs. Stoc,Forex&Crypto is playing all of us but the things is we do all of it with our consent so no one is really playing anyone haha

We can use USD if we want to avoid inflation. As i know lots of people in countries with huge inflation exchange usd to their local currency when they need it. In such way cryptocurrencies give us interesting opportunities. We can use USDT if we are afraid of dump, or we can use some cryptocurrencies like BTC and even get some profit while hold it if it pumps.
And it is one of the reasons why we use USD or cryptocurrencies in gambling.

You are right in this, basically when you bet in dollars and use the local currency it turns out good, but if the country has rampant inflation you will not see much profit, if we talk about countries like South America where few countries have and enjoy a good economy like, for example For example, the Chilean economy, and the Basilera, which for me are the only two countries that have a good economy or it is outstanding, because something can work that can lead to the local currency, but in countries with hyperinflation they earn a lot of dollars, it is not much. , because those countries regularly add inflation to the foreign currency, making everything more difficult for that country in terms of money, so the situations in the casinos to play with 5 dollars are good but winning constantly so that you see some profit.

You are right, but then don't you think that those people who are from smaller and less developed countries make their bets based on the dollar rate against their local currency? This means that if a person from the US bets $20 on a game because it isn't a lot of money for them, a person from a third-world country would bet $5 on the same game. After all, when they convert those $5 into their local currency, they become a lot of money for them.

So even though it's true that most of us make our bets or trades or everything we do online in US dollars, we always make sure that we are betting or using money that we can afford to use and don't use it just like a US-native who can afford way more than we can do.

It is so. But you have to remember that your possible profit depends on your bets. In US it is not a big sum $800, but medium salary is much higher that $500.
It is interesting moment - when i talk with American - he laughs when hear about my profit. But i laugh when hear about his expenses.
PS. Even if we use cryptocurrencies - we mostly calculate our money in USD, it is just more simple. We can understand how much our cryptocurrencies cost, what we can buy for it, etc.

This is all due to the fact that in different countries around the world, wages for approximately the same work differ too much.  Of course, if you count wages in dollars.  And the cost of accommodation and food also corresponds to local wages.  But if you participate in gambling at the world level, then the scale of bets and winnings is probably based on the level of wages in the USA and the European Union. 
Therefore, often players from some countries can earn income from sports betting even much more than their basic salary.  This is true, you can't argue with that.  This has made it possible to earn money based on modern information and financial technologies at the level of cross-border payments. 
Cryptocurrency payments have greatly helped the world in this matter.

Any way money could be made should be effectively explored. After all, it is about the money and not the process or channel at which the money was made, and so far it is legal, I believe it is worth it. What I can relate to what you narrated above is smart work, it is not necessary you do that hard work before you get the money and have it in abundance. In this computer age, those who are smart with their thinking and doing are engaging with the least work and making more money. Nevertheless, we should think of the consistency of the money before we can relax and be comfortable with it. If the money is made in a risky way that can't be replicated to call it a sustainable money that one can depend on, it is too dangerous.

Fine, one can hit it big in investments or win the big Jackpot, however, if such cannot do this over and over again to sustain his living, then it is to what reasonable end? I have enough people who hit it big one way or the other, but they later went broke, and even the properties acquired were later sold because they relied on what they should not have relied on, something that can bring them consistency. For this, whether it is the daily job, business/investments or even gambling (I don't support this as a mainstay), one should ensure that it is such that will feed, clothe and make them comfortable, which includes that of all their dependents.

It is optimal, when you have high salary. In my country medium salary is about $400-500, my salary more than $1000, from betting i`ve got about $800(possible i can get more, and even more than the salary). If someone good in maths and search information but have $500 salary - sport betting can seriously improve his income. I even can say that you needn`t be football(or other sports) specialist for it. But i don`t recommend anybody to hire and wait the big profit instantly. It is serious decision and you need to be sure that you have enough money for 1-2 weeks of loses at least. And you have responsibility for your family. It isn`t just make a bet and won $1.000.000.
About BTC is the same - today we know how silly it was to buy pizza. But that moment it was a nice decision. No one knows what can give you profit several years later. For me it is too risky Yes, it is funny enough. For me sport betting can be a main income but buying BTC in 2010, or some other investment is too risky

And in my opinion, this is precisely the optimal ratio of income received.  Almost all the money needed to pay for goods and services necessary for a normal life and must be received by a person in the process of his main work.  If there is still some income from successful bets in gambling, this is of course great and good, but it should still be considered as a pleasant bonus.  And don’t count too much on this money from winnings.

 I would also like to note that often diligent and long hours, intense and daily work does not bring such wealth that can be compared with income from a successful business or investment.  Sometimes just luck helps a person become successful and rich.  Suffice it to recall the first whales that mined the first bitcoins.  They are all millionaires if they figured out not to sell bitcoins when pizza was bought and sold for 10,000 BTC

I always say that it is difficult. Like any job with high salary or business. And it is sport. If it would be 100% predictable - no one would bet it and no one would watch it. My way is not unique but it doesn`t means that it is easy to repeat. But it is normally - you can`t get big salary or be successful in any business if you don`t work as hard as possible. I`m in my profession is more than 20 years and in sport betting is about 3-4. I think that i`m good specialist and i can choose the way of income. Today the income from profession is higher, but it is possible, that i`ll improve my gambling skills and change my main income.

What I can simply infer here is that you are trying to be at the top of your games and are managing your risk as well, which could have helped you better over the years. Also, it shows that you face challenges in this kind of gambling style regardless of how best you believe you know it, which also buttressed one of my points of last week where I pointed to you that though you might be good at what you do but it can't be flawlessly easy, and that we can never erase the challenges that may arise in it (those were not the actual words).

You see, I love to read success stories about gambling, but at the same time, I like to advise people to take it easy no matter what they believe about it. Gambling is never easy and for someone to have that belief to the point of depending on it solely for living is not so convenient and I believe that you are agreeing with me on that now.

Yes, and yet if we compare casino to Stoc,Forex&Crypto Broker in terms of earning money, I think they are almost the same. In any of those other options luck still pays a big role. Is it harder to earn money there than in casino? I wouldn't say so. But, in my opinion, they are at the same ball park.

I don`t bet such matches. The bookie knows that it will be lots of bets and analyze it attentively, so i can`t get interesting odd. Only if it will be some luck.
PS. I`m MU fan, so i with Madrid


I calculate risks. And i never bet all in. The same bet for every match i like. After some time i`ve got "bank" for 1 month of loses. After i ended the experiment i withdraw a part of money and decreased the bet size. Today i withdraw some money, mostly once per month, and don`t increase "bank" or bet.

I must have skipped this reply of yours, I was expecting it. Oh, nice, sports betting is the best option in gambling as far as I know and it is such that the house does not have any advantage over it. If you predict well, you earn well, and if you can take higher risks, you earn more. One thing that is best about this is that no sportsbook can change the result of any game, which makes it fair in all ramifications. We should only try to be a better predictor, which is the only way that will increase our chance of winning. Luck is also important here, but first, sports betting is the betting aspect I know that luck is not so required but how best the gambler is fully informed and uses what he knows to bet right.

Notwithstanding, it is not as easy and convenient as you made it look. I am also a good forecasted when it comes to sports betting and I have earned a decent income in it. I am good to the extent that I could risk it for a living but I will never do that because it may cause unforeseen financial issues through the desperation that can result from total dependence. It is better we are betting and also working, after all, if we are good, it will only be a passive income for us. We should never forget that sports betting has its own challenges too and we should not neglect that for any reason. And when the challenge comes, you will ever wish you never quit the job for it.

Wow, good luck, for City and now for Madrid, I will bet on Madrid, I see that they have a better lineup, apart from that I see that things are very different and I think it could be favorable for Madrid to play at home, at the Bernabeu, and it may be that things can happen in your favor, regardless of your bet, I wish you the best brother.

Many are thinking that City can do harm, so this can give as a reference that many Barcelona fans support City without thinking, this time I don't think there will be a draw, whether Madrid wins or loses, but I see that there is. many expectations, now City is going all out, it is impressive how the expectations are for this match in Spain, in fact I have been thinking about this match for a long time.

And in an impressive way they were tied, I hope you have won.

I missed your point? Honestly, it still surprises me because I never replied to any of your posts. But mind you, being serious doesn't mean success, it is all about how you take it. Some traders may be serious about the wrong approach, so let it capture the whole aspect of trading that involves you and it, which includes the learning and training, planning and its coordination, the whole trading system and its actualization which will also entail discipline. These are serious issues if one wants success in trading, and the more you take trading as a business, the more you get the best out of it. It is not such that one can mistaken for the way of gambling, no, the moment you do that, it means that you might not be ready for it, or not just serious about yourself in relation to it. So it is not a mere talking about the seriousness, but also taking trading as what it truly is.

Brokers make money through commissions and spreads, no doubt but it will also interest you to know that, brokers now have zero spread account, also commissions are normally taken based on over night trade, its wrong for you to think this way as a trader about  brokers, we know they are manipulative in some way, so is casino.

They provide you with the service you need, you trade out of choice and decision with a broker, they are the medium between you and the market. You're also making money off them, so it's a draw game for me you profit they also profit.

Financially brokers don't benefit from your loss or profits, it just you losing probably because you don't understand the logic of the market. 

The truth is that to help beginners I have seen in many threads some tips that are very good, it would be interesting if the forum did something in addition to the rules, some tips for players, those tips that have to do with some of the things What some users say here In the forum, I have come Across people who are very expert at playing and those people teach a lot with what they publish, so when we look for a way to generate more things for the most novices, I think there could be a wide range of advice, personally, according to my experience, I would tell a novice that the main thing is to take care of your money and that when you are going to play the most important thing is to put money that you are totally willing to lose, but money that does not affect your life , I believe that with this many problems will be avoided in the future if this condition is always Followed.

Yep. But i marked these matches to show what is "luck". No one waited such results in such game i think. But for me it doesn`t matter will i win 8/10 or 6/10 - anyway i`ll get a profit. But it is difficult. I didn`t bet for 2 days - there are no interesting odd for me, this week i still waiting for the match.

actually i Think you missed my point because what you are saying here is almost
the same as what i have said that in stocks and brokerage we need to be serious and
also same as trading(though I missed posting the word TRADING LOL)

gambling is not as easy as well mate, but in gambling it is our willingness that made
us loser not like in trading and those other aspect that we need focus and dig deeper before
putting our money.