High Rollers - page 12. | Bitcointalksearch.org

harizen

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Quote from: fiulpro on April 14, 2022, 08:09:58 AM

Like for real, I support gambling but at the same time maybe, use that 22 BTC somewhere else but then again I know nothing about this guy's family situation or anything but in no position to judge but guys don't waste that much money on gambling. It's wonderful as a hobby or something as a stress buster but a hobby must not be that expensive.

We should disregard our own approach on that kind of amount to those who afford to spend it. It's something out of our line.

Surely, what we think is stressful and considered an expensive hobby for us is not really a big deal for them. Big whales really have the ability to circulate that kind of amount as in the first place, they are really dedicated to that the moment they use the gambling platform for the first time, regardless if it's online casinos or physical ones.

On a positive note, those whales play a big role in the site's revenue.

madnessteat

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Quote from: Falconer on April 13, 2022, 01:25:43 PM

Quote from: madnessteat on April 13, 2022, 01:18:12 PM

~

If it's a whale at gambling then I'm sure he probably has more money than he spent on those 3 bets. I don't think it's greed if he actually has a strong bankroll, that's natural but seems so far-fetched to the average gambler.

The question is, can the casino pay out if the bet is won at 5x multiplier. How can it not hit the casino's maximum payout?

I think the casino algorithm has the ability to check the balance available for payment in case of winning otherwise it may be an unpleasant situation where the client won and the casino has nothing to pay this winnings.

As practice shows casinos have enough money not only to pay for big winnings but also to spend huge money on promotion companies.

aioc

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Quote from: bitzizzix on April 13, 2022, 12:59:25 PM

To me it was a crazy bet and I thought it was worth the payoff, because for the whales it was a mediocre win and bet and even though there have been some big losses in the past, they believe big wins will definitely come their way.
So for ordinary people it is a crazy bet and they will think what if they lose, but for whales or billionaires they just bet on the money they have too much and try to bet luck and even if they lose it will not run out and they bet with his wits.

I'm dreaming that I can bet that kind of money, that's the big difference between playing online compared to playing in a physical casino, everything is transparent and recorded, and every casino wants to have whales that can bet huge amounts because it's a mark of the highly reputable casino when gamblers are putting in a huge amount of money out of trust from the casino they're playing.

fiulpro

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If I had that much money to spend on Gambling 23 BTC? I would literally complete my education and buy a house for my family. I am sure whosoever is that person, he is exceptionally stable and therefore can afford to do that. At the same time I did make a 20$ or more wager ofc, considering all or none sometimes to see if I would win, unfortunately didn't happen till now, therefore for me this strategy didn't work.
I do think that is genuinely a waste of 23 btc, not kidding. Like for real, I support gambling but at the same time maybe, use that 22 BTC somewhere else but then again I know nothing about this guy's family situation or anything but in no position to judge but guys don't waste that much money on gambling. It's wonderful as a hobby or something as a stress buster but a hobby must not be that expensive.

michellee

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Quote from: erep on April 13, 2022, 01:42:33 PM

The character of gamblers is generally in risking large funds because they want to return losses or all at once to gain profits. But the big whales are the exception because they can do anything without analysis and consideration other than just having fun for the chance to win the bet. However it was a crazy decision to risk the equivalent of 20 BTC in gambling and he may still have 5x more on his gambling account balance.

Maybe that's not the case for all gamblers and only some gamblers will risk big money because, for them, the challenge is very interesting to try even though later they can lose all the money. But for the big whales, it's not a problem for them because they still have a lot of money to do it again and sometimes, they can do it again right away if they lose. Maybe for us, it was a crazy decision to risk the equivalent of 20 BTC but for him, it might be a common thing.

Silberman

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Quote from: dimonstration on April 13, 2022, 04:34:39 AM

Quote from: ipanks on April 13, 2022, 01:38:19 AM

Quote from: worle1bm on April 13, 2022, 12:16:13 AM

snip

But still, we people who don't have a large amount of Bitcoin will feel that 23 BTC is just for gambling. If we have 23 BTC, we have a plan that we want to achieve in the short, medium and long term and we will think about our future carefully. That number gives me jealousy and I'm sure we must have always dreamed of owning more bitcoins. But never mind, it's happened and we can wait to see who else will place the big bets.

Our feeling is not valuable anymore to comment on how the user bet that money. We should not feel jealous because we don’t how he get that money, Maybe he is a boss on a big company so his salary is enough to cover his loses and also this kind of whales usually have passive income coming from staking on DeFi. They are just spending some of there funds to have fun or participate on contest with greater rewards. Personally I don’t care about this whales and focus on my own financial path. We have different path in life so it’s better to focus on our own.

It is fine to only concentrate on yourself as only the money that is in your wallet has any direct effect on your life, but if I am honest I am indeed interested in something like this, after all making a 23 BTC bet either requires you to have so many bitcoins that such a loss does not affect you or it requires that the person behind that bet is disregarding everything else and putting almost all their money towards gambling, and regardless of which is the truth both scenarios are interesting to me.

KTChampions

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Quote from: Falconer on April 13, 2022, 01:25:43 PM

If it's a whale at gambling then I'm sure he probably has more money than he spent on those 3 bets. I don't think it's greed if he actually has a strong bankroll, that's natural but seems so far-fetched to the average gambler.

The question is, can the casino pay out if the bet is won at 5x multiplier. How can it not hit the casino's maximum payout?

Obviously, since the casino accepted this bet, it was ready (had funds) in order to pay out the possible winnings. As far as I know, casinos constantly check their balance and, depending on this, there is a certain winning ceiling for which a player can claim (usually this is all written in the ToS). I can assume that everything was according to established procedures.

dunfida

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Quote from: erep on April 13, 2022, 01:42:33 PM

Quote from: michellee on April 13, 2022, 05:24:43 AM

Do you mean this user's bet is the bet he always makes with such a large amount? If so, that was the amount he could bet. If they wanted to take that big risk without thinking about what would happen if they lost, it wouldn't be a good idea, even if they were billionaires. But it could be that a billionaire who has a lot of bitcoins wants to throw away his bitcoins by gambling because he is confused about what he will use his bitcoins with. But sadly, we never know which user staked such a large amount of bitcoins and how much he already used to gamble.

The character of gamblers is generally in risking large funds because they want to return losses or all at once to gain profits. But the big whales are the exception because they can do anything without analysis and consideration other than just having fun for the chance to win the bet. However it was a crazy decision to risk the equivalent of 20 BTC in gambling and he may still have 5x more on his gambling account balance.

Whenever a whale do play then we dont know if they are in profits or losses unless if there are some stats on where it do shows on a certain players history and profitability but thats of course removing that anonymity

which no surprise that casinos does have that option for you to hide that information in the public.Whales doesnt care on how much they would be betting but for us average gamblers then its really good to look at

on how these big time fellas do make out their bets and it seems that there no tomorrow.

Falconer

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Quote from: erep on April 13, 2022, 01:42:33 PM

The character of gamblers is generally in risking large funds because they want to return losses or all at once to gain profits. But the big whales are the exception because they can do anything without analysis and consideration other than just having fun for the chance to win the bet. However it was a crazy decision to risk the equivalent of 20 BTC in gambling and he may still have 5x more on his gambling account balance.

I really think that it's a justifiable possibility because without a big balance in his account then such a big bet is the craziest thing in his life. 20 btc per bet is a pretty insane amount for most people to bet, but there's probably a few things we can speculate about because maybe it's a whale or someone trying to win a bonus or something.

erep

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Quote from: michellee on April 13, 2022, 05:24:43 AM

Do you mean this user's bet is the bet he always makes with such a large amount? If so, that was the amount he could bet. If they wanted to take that big risk without thinking about what would happen if they lost, it wouldn't be a good idea, even if they were billionaires. But it could be that a billionaire who has a lot of bitcoins wants to throw away his bitcoins by gambling because he is confused about what he will use his bitcoins with. But sadly, we never know which user staked such a large amount of bitcoins and how much he already used to gamble.

The character of gamblers is generally in risking large funds because they want to return losses or all at once to gain profits. But the big whales are the exception because they can do anything without analysis and consideration other than just having fun for the chance to win the bet. However it was a crazy decision to risk the equivalent of 20 BTC in gambling and he may still have 5x more on his gambling account balance.

Falconer

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Activity: 2660

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Quote from: madnessteat on April 13, 2022, 01:18:12 PM

Many people are not capable of making that kind of money in their lifetime so this rate is really astounding. I would assume that the player could have made a mistake when placing the bet, but he made three identical bets in a row, which indicates a deliberate game. I'm afraid to imagine how much this man can spend at the casino in an evening. It all seems somehow unrealistic.

If it's a whale at gambling then I'm sure he probably has more money than he spent on those 3 bets. I don't think it's greed if he actually has a strong bankroll, that's natural but seems so far-fetched to the average gambler.

The question is, can the casino pay out if the bet is won at 5x multiplier. How can it not hit the casino's maximum payout?

madnessteat

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Quote from: bitzizzix on April 13, 2022, 12:59:25 PM

^

Many people are not capable of making that kind of money in their lifetime so this rate is really astounding. I would assume that the player could have made a mistake when placing the bet, but he made three identical bets in a row, which indicates a deliberate game. I'm afraid to imagine how much this man can spend at the casino in an evening. It all seems somehow unrealistic.

bitzizzix

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To me it was a crazy bet and I thought it was worth the payoff, because for the whales it was a mediocre win and bet and even though there have been some big losses in the past, they believe big wins will definitely come their way.
So for ordinary people it is a crazy bet and they will think what if they lose, but for whales or billionaires they just bet on the money they have too much and try to bet luck and even if they lose it will not run out and they bet with his wits.

KTChampions

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Activity: 2478

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Leading Crypto Sports Betting & Casino Platform

Quote from: bittraffic on April 13, 2022, 04:32:58 AM

Quote from: KTChampions on April 12, 2022, 09:03:01 AM

Yes, I immediately thought of KYC when I read this news. There is no chance of "anonymous" playing with that amount of money. It turns out that someone with many millions of dollars is fully verified in a crypto casino and prefers blockchain betting using cryptocurrencies. This is good news for everyone who believes in cryptocurrencies and their further widespread adoption.

Amazing that someone with 20BTC verified his online casino account which some people are not willing to do it. He must have a great trust to this casino. If I have that amount and willing to gamble it all, I would prefer to go to a real casino and play there. This might depend to where he is from but aren't winnings from casino subjected to tax?

In most countries, casino winnings are taxed, but I think it is up to the gambler to declare such winnings. If he's not from the strictest jurisdiction like the US where you can get a real criminal sentence for tax evasion, then it makes sense to try to evade it. At least I would try to do this, with certain amounts of winnings, you can even leave the country of residence and "forget" about taxes.

michellee

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Quote from: rhomelmabini on April 13, 2022, 03:25:53 AM

Quote from: xSkylarx on April 13, 2022, 02:43:04 AM

There are numerous justifications for wagering such this big amount of money. The first thing that comes to mind is that he is being greedy? The second reason is that he believes he is extremely fortunate today and is confident that he will win, and the third reason is that he is in debt and wishes to recover all of the money that he borrowed to pay it. Well, this is the most obvious reason that came to mind, but I haven't seen a single bet that is as large as this one, and I don't pay much attention to other people's bets because I get jealous when they are betting more than I am and tempted to bet even more.

What if the bet was a regular one or average on all this user's bet? I don't think it can be called greediness. Being fortunate or lucky for the day is what people thinks in the first place that they want to risks huge amount but I think there might be a reason you haven't included like this user is some kind of a gambler that take huge risks or a real life billionaire, something like that.

Do you mean this user's bet is the bet he always makes with such a large amount? If so, that was the amount he could bet. If they wanted to take that big risk without thinking about what would happen if they lost, it wouldn't be a good idea, even if they were billionaires. But it could be that a billionaire who has a lot of bitcoins wants to throw away his bitcoins by gambling because he is confused about what he will use his bitcoins with. But sadly, we never know which user staked such a large amount of bitcoins and how much he already used to gamble.

ufaiz50

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This is not surprising I see someone in Bustabit place bet with more than 30 BTC which I think is more than a million dollar but his risk was very low I think 1.02x unlike this user from the OP the risk is much more higher and he definitely lose it that is the bad thing about it but I am sure that it was just like a few to him.

dimonstration

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Dimon69

Quote from: ipanks on April 13, 2022, 01:38:19 AM

Quote from: worle1bm on April 13, 2022, 12:16:13 AM

snip

But still, we people who don't have a large amount of Bitcoin will feel that 23 BTC is just for gambling. If we have 23 BTC, we have a plan that we want to achieve in the short, medium and long term and we will think about our future carefully. That number gives me jealousy and I'm sure we must have always dreamed of owning more bitcoins. But never mind, it's happened and we can wait to see who else will place the big bets.

Our feeling is not valuable anymore to comment on how the user bet that money. We should not feel jealous because we don’t how he get that money, Maybe he is a boss on a big company so his salary is enough to cover his loses and also this kind of whales usually have passive income coming from staking on DeFi. They are just spending some of there funds to have fun or participate on contest with greater rewards. Personally I don’t care about this whales and focus on my own financial path. We have different path in life so it’s better to focus on our own.

bittraffic

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Quote from: KTChampions on April 12, 2022, 09:03:01 AM

Quote from: dimonstration on April 12, 2022, 01:12:44 AM

High roller like this usually undergo KYC due to the amount he is wagering if the account is a legit player. You can’t freely use the Casino and bet that huge amount without complying on the AML as this is stated in the law that’s why Casino ToS indicates that they may apply KYC to any user in any circumstances besides this whale is obviously used to submit KYC especially when he is withdrawing his asset to fiat from exchange. It’s so hard to avoid KYC this time when you have that huge amount. That’s the least thing he needs to worry.

Yes, I immediately thought of KYC when I read this news. There is no chance of "anonymous" playing with that amount of money. It turns out that someone with many millions of dollars is fully verified in a crypto casino and prefers blockchain betting using cryptocurrencies. This is good news for everyone who believes in cryptocurrencies and their further widespread adoption.

Amazing that someone with 20BTC verified his online casino account which some people are not willing to do it. He must have a great trust to this casino. If I have that amount and willing to gamble it all, I would prefer to go to a real casino and play there. This might depend to where he is from but aren't winnings from casino subjected to tax?

Quote from: rhomelmabini on April 13, 2022, 03:25:53 AM

Quote from: xSkylarx on April 13, 2022, 02:43:04 AM

There are numerous justifications for wagering such this big amount of money. The first thing that comes to mind is that he is being greedy? The second reason is that he believes he is extremely fortunate today and is confident that he will win, and the third reason is that he is in debt and wishes to recover all of the money that he borrowed to pay it. Well, this is the most obvious reason that came to mind, but I haven't seen a single bet that is as large as this one, and I don't pay much attention to other people's bets because I get jealous when they are betting more than I am and tempted to bet even more.

What if the bet was a regular one or average on all this user's bet? I don't think it can be called greediness. Being fortunate or lucky for the day is what people thinks in the first place that they want to risks huge amount but I think there might be a reason you haven't included like this user is some kind of a gambler that take huge risks or a real life billionaire, something like that.

Billionaires often don't mind where to spend their money. It only becomes a habit to spend on something even when they don't really need it. He could just be enjoying his money like Elon Musk spends billions on twitter shares, he didn't even join the board member meeting.

rhomelmabini

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No God or Kings, only BITCOIN.

Quote from: xSkylarx on April 13, 2022, 02:43:04 AM

There are numerous justifications for wagering such this big amount of money. The first thing that comes to mind is that he is being greedy? The second reason is that he believes he is extremely fortunate today and is confident that he will win, and the third reason is that he is in debt and wishes to recover all of the money that he borrowed to pay it. Well, this is the most obvious reason that came to mind, but I haven't seen a single bet that is as large as this one, and I don't pay much attention to other people's bets because I get jealous when they are betting more than I am and tempted to bet even more.

What if the bet was a regular one or average on all this user's bet? I don't think it can be called greediness. Being fortunate or lucky for the day is what people thinks in the first place that they want to risks huge amount but I think there might be a reason you haven't included like this user is some kind of a gambler that take huge risks or a real life billionaire, something like that.

Mauser

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Quote from: romero121 on April 09, 2022, 06:27:04 PM

Quite surprised to see consecutive high roller of above 20BTC on a single wager. Have any of you come across such big wagers in real-time. Came across this while spending time watching the high rollers on the bets tab. Have anyone came across such big bets, and I don't whether this player have managed to make a win or not. Shocked

That are really big bets, he must be a true whale to be able to afford betting 800.000 USD in one single wager. I am pretty sure someone who can bet so much must have won in the past, otherwise how can he afford it? Selling everything you own for one single 20 BTC bet seems very unlikely to me. The only story I remember was a guy on youtube who sold his house just to put it all on Roulette. Sometimes I like to check also the bets from others at casinos but never seen such a large bet before. A few times I see people bet 0.5 - 2 BTC which is already a high roller in my eyes. And then there are the super rich celebrities like Drake who post their betting slips online, which is always nice to say. But in the end gambling wagers are just a percentage of your total networth. So for the average Joe like me with only small savings betting 100 USD is already a big bet. And if you own a few hundred millions with multiple houses, cars and yachts then betting 500.000 USD is not that much anymore. Everything is relative in life. I wonder if losing 20 BTC would really hurt such a whale.

Topic: High Rollers - page 12. (Read 2221 times)