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Topic: How do you manage your money on gambling sites. (Read 966 times)

hero member
Activity: 2996
Merit: 609
Keeping money in the gambling site was a stpid idea but many people are still doing it right now. I meant earning more money through refferal was good but it also depends on how active our referral is. So many time keeping our money in the gambling site be result in a lose once the site will be gone or disappeared due to the hack.,
If they have succeeded in making more money through their referrals, they should immediately withdraw their money. That will prevent bad things that might happen to our account. We also don't know whether there is a hack on each user's gambling account or whether their gambling account will remain safe. The important thing is that we have to prevent it before something bad happens.

Saving money on gambling sites is just to prepare some money for gambling. Don't keep too much money in a gambling account because you don't know what will happen. It's better to prevent it than regret it later.

And keeping only the money we can afford also prevents us from betting more than we can afford.
When gamblers suffer a bad loss, one of the most common reactions is to try to get their money back immediately by gambling even more and make big bets that are often way above their average bet size, and once they lose they realize what they have done and they cannot help but to regret their decision, and by having a low amount on your casino wallet you can avoid those issues, as you will need to send a transaction from your main wallet to the casino, and by the time it gets confirmed you would have had some time to think about your actions and stop yourself from doing this.
Very common reaction by most gamblers on which they would really be having those kind of common reactions on which they would really be freaking out themselves in speaking about financial handling or their bankroll on which on the time that they do see that they do still have the balance or inside of their gambling account wallet then most likely it would really be spending it out again all in gambling session or time you do have. It would really be just that normal for a human to have that kind of reaction or impressions in mind that as long you do have the money on your account then you would really be continuing on playing no matter what.

Saving up money on a gambling site and acting it out like your main wallet or savings wallet? There's no sense on doing that because not only on the risks on spending it all but also
when it comes to security then we know that these centralized platforms could run anytime and since you dont own the keys of your wallet then there's no way
about speaking with recovery and this is why there's no sense on doing such act.
legendary
Activity: 2492
Merit: 1332
Keeping money in the gambling site was a stpid idea but many people are still doing it right now. I meant earning more money through refferal was good but it also depends on how active our referral is. So many time keeping our money in the gambling site be result in a lose once the site will be gone or disappeared due to the hack.,
If they have succeeded in making more money through their referrals, they should immediately withdraw their money. That will prevent bad things that might happen to our account. We also don't know whether there is a hack on each user's gambling account or whether their gambling account will remain safe. The important thing is that we have to prevent it before something bad happens.

Saving money on gambling sites is just to prepare some money for gambling. Don't keep too much money in a gambling account because you don't know what will happen. It's better to prevent it than regret it later.

And keeping only the money we can afford also prevents us from betting more than we can afford.
When gamblers suffer a bad loss, one of the most common reactions is to try to get their money back immediately by gambling even more and make big bets that are often way above their average bet size, and once they lose they realize what they have done and they cannot help but to regret their decision, and by having a low amount on your casino wallet you can avoid those issues, as you will need to send a transaction from your main wallet to the casino, and by the time it gets confirmed you would have had some time to think about your actions and stop yourself from doing this.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
Keeping money in the gambling site was a stpid idea but many people are still doing it right now. I meant earning more money through refferal was good but it also depends on how active our referral is. So many time keeping our money in the gambling site be result in a lose once the site will be gone or disappeared due to the hack.,
If they have succeeded in making more money through their referrals, they should immediately withdraw their money. That will prevent bad things that might happen to our account. We also don't know whether there is a hack on each user's gambling account or whether their gambling account will remain safe. The important thing is that we have to prevent it before something bad happens.

Saving money on gambling sites is just to prepare some money for gambling. Don't keep too much money in a gambling account because you don't know what will happen. It's better to prevent it than regret it later.

And keeping only the money we can afford also prevents us from betting more than we can afford.
full member
Activity: 364
Merit: 195
I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.
Of course I follow your way for managing gambling sites. Here I am presenting a problem that I create an account on sportsbet.io and deposit some btc there. For a while I couldn't access my gambling account from my phone. After some day when I try to login to my account I can't login to my account. So after a few days I accessed the account via VPN with help from  forums. Logged into the account and found that my deposited balance had been removed by the sportsbet company to their dormant account. Now my account balance is 0. That's why I tell everyone that none of you should deposit your funds in a gambling account because at any moment something can happen to your funds. You will withdraw all the winnings you have earned by betting.
hero member
Activity: 1470
Merit: 546
Be nice!
It's definitely for showoff, but also some do it to attract or influence other people into gambling sites; they are giving the wrong idea to the viewers on how easy it is to earn in gambling sites such as that, but in reality it is not. In short, they usually do it to attract more players and deposit in that site, as well as for referrals. In my opinion, keeping a huge amount of money on a gambling site is not a good idea. There are many reasons why, but mainly that your money could be gone.
Keeping money in the gambling site was a stpid idea but many people are still doing it right now. I meant earning more money through referral was good but it also depends on how active our referral is. So many time keeping our money in the gambling site be result in a lose once the site will be gone or disappeared due to the hack.,
It's quietly common for influencers or high rollers to this to show off their balance and attract users on the platform with their referral link being posted along the screenshot of these incidents. They might not be active the amount of reach these people gets earns enough through referral. There are even instances that these people are even related to the gambling platform itself especially new ones so they know the status of the platform before they withdraw they funds but that would be a separate topic from what the OP raised.

I too keep some funds or winnings on the same gambling platform I play on so that when I'll be playing again, I won't have deposit and instantly play however if the amount is too significant, I would rather withdraw it than keeping it for long on my account as I've personally experienced my funds being held by the gambling platform but was able to withdraw with some documentation and back to back discussion with the support.
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
It's definitely for showoff, but also some do it to attract or influence other people into gambling sites; they are giving the wrong idea to the viewers on how easy it is to earn in gambling sites such as that, but in reality it is not. In short, they usually do it to attract more players and deposit in that site, as well as for referrals. In my opinion, keeping a huge amount of money on a gambling site is not a good idea. There are many reasons why, but mainly that your money could be gone.
Keeping money in the gambling site was a stpid idea but many people are still doing it right now. I meant earning more money through refferal was good but it also depends on how active our referral is. So many time keeping our money in the gambling site be result in a lose once the site will be gone or disappeared due to the hack.,
legendary
Activity: 2492
Merit: 1332
Yes, I am also one of those people who always withdraws all my money from online gambling sites. I find it very dangerous to save money on gambling sites. I'm worried about my account being hacked. The safest way in my opinion is to withdraw some of the balance to our own wallet and leave a little money to play tomorrow. Usually I withdraw 80% and leave the rest.

I think almost everyone withdraws their winnings from gambling sites. Usually online gambling site promoters keep their money in casinos so they can show off on social media
It is even likely those influencers do not do that either and instead they are just using a script to modify the amount shown on their videos in order to make it seem as if they are making huge bets when in fact this is not the case, as anyone that has been part of this market for a long time understands very well that even when you are dealing with reputable institutions you still need to keep control over your coins most of the time, as you do not want to become the next victim of a hacker that found a way to drain all the funds out of your account because long time ago you made a mistake you forgot about already.
full member
Activity: 994
Merit: 152
I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.
I have the same question with you depend on several gambler show their best slip history full of fund in their account but keep it in gambling site, they are not afraid about possibility account got hack or suddenly freeze and their fund loss? Good ideas when winning in gambling some profit or current 50% of assets withdraw to wallet and hold it there, when needed can deposit from wallet to gambling platform account actually deposit fund automatically credit without need waiting for longer time.

We haven't the same ideas exactly with gambler have much fund and more comfortable hold it in gambling account than withdraw to their wallet as our mindset more secure than hold in gambling site.

Yes, I am also one of those people who always withdraws all my money from online gambling sites. I find it very dangerous to save money on gambling sites. I'm worried about my account being hacked. The safest way in my opinion is to withdraw some of the balance to our own wallet and leave a little money to play tomorrow. Usually I withdraw 80% and leave the rest.

I think almost everyone withdraws their winnings from gambling sites. Usually online gambling site promoters keep their money in casinos so they can show off on social media
sr. member
Activity: 2254
Merit: 309
Seabet.io | Crypto-Casino
I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.
I have the same question with you depend on several gambler show their best slip history full of fund in their account but keep it in gambling site, they are not afraid about possibility account got hack or suddenly freeze and their fund loss? Good ideas when winning in gambling some profit or current 50% of assets withdraw to wallet and hold it there, when needed can deposit from wallet to gambling platform account actually deposit fund automatically credit without need waiting for longer time.

We haven't the same ideas exactly with gambler have much fund and more comfortable hold it in gambling account than withdraw to their wallet as our mindset more secure than hold in gambling site.
sr. member
Activity: 1190
Merit: 267
Undeads.com - P2E Runner Game
I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.

because maybe they want to play it again in the near future or a few days after they take a break from their previous game.
so they don't want to bother and set aside some of the balance in their account.
I also sometimes do that, if I win 100$ I will set aside 30$ to 50$ to play back.
hero member
Activity: 2912
Merit: 556
~snip~
I also agree on you. No matter how reputable a casino is, that is not an enough guarantee that your funds will certainly be safe always. There are sudden incidents that made some casinos to collapse, and if your funds are still saved in there, that will be in danger of course. That's the reason why I don't trust long term safekeeping with my winnings in a certain casino, even if I have definite plans to gamble again.
We should look after the funds by moving them elsewhere rather than keeping them in a casino or elsewhere. We will never know what will happen in that place, so if we move it to another place, we don't need to worry about anything. In addition, by moving them to another place, we can control the funds at any time, and nothing will prevent us from checking them. I will also immediately transfer the funds I get from my winnings at the casino because apart from the security factor, it can also prevent me from gambling continuously.
hero member
Activity: 812
Merit: 573
Leading Crypto Sports Betting & Casino Platform
I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.

Clout Chasing should be considered 1st.

Evidence so they could get more followers and engenders should be two.

But not all though, I've also seen big punters that are privacy minded, they get to edit the tickets and tickets ID before taking em on air.
Saving money with betting and gambling sites crazy honestly.

Gambling and Casinos are almost like exchanges,they can pause withdrawals for a while just to achieve what they want.
Most Importantly, Privacy is Power and it should stay that way. I so much love it when people win and don't go loud bout it, drawing unnecessary attentions.
legendary
Activity: 2772
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.
That's the difference between an active gambler and an occasional gambler and also between a whale gambler and a small gambler, I don't mean to belittle because I too, like you, will always withdraw my winnings at the casino and as far as I remember, I only left funds in one of the casinos which is quite trusted, but that's because I'm take advantage of the staking feature of this casino but in other casinos the balance is always zero and do as you do, just make a deposit when I want to play.
However, it could be that the display you see is just a form of enticement. After the gambler has finished gambling, he will also withdraw it because it is never safe to leave funds at any casino even if it is said to be trusted, or what you see is a fake balance.
full member
Activity: 1358
Merit: 134
★Bitvest.io★ Play Plinko or Invest!
It's definitely for showoff, but also some do it to attract or influence other people into gambling sites; they are giving the wrong idea to the viewers on how easy it is to earn in gambling sites such as that, but in reality it is not. In short, they usually do it to attract more players and deposit in that site, as well as for referrals. In my opinion, keeping a huge amount of money on a gambling site is not a good idea. There are many reasons why, but mainly that your money could be gone.
legendary
Activity: 2352
Merit: 1121
☢️ alegotardo™️
I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.

Yeap!!

It's certainly to show off and also as a marketing strategy, as it is much more effective for you to show your followers in just 10 seconds that you have a lot of money in a casino account than to spend 10 minutes explaining how you win. a quarter of that.

Obviously you are doing the right thing... withdrawing all the money you earn and keeping only the amount necessary to continue playing. Everyone should do this, but I believe this rule does not apply to influencers.
legendary
Activity: 2492
Merit: 1332
I also agree on you. No matter how reputable a casino is, that is not an enough guarantee that your funds will certainly be safe always. There are sudden incidents that made some casinos to collapse, and if your funds are still saved in there, that will be in danger of course. That's the reason why I don't trust long term safekeeping with my winnings in a certain casino, even if I have definite plans to gamble again.
Correct, there are some casinos out there which have demonstrated over the years they are worthy of our trust, but even in that case we must minimize the amount of time our coins are outside our control, I know this can be impractical for some and they may not like to pay the additional fees such an attitude entails, but as long as you are able to avoid a massive hack once then those fees become irrelevant, as the amount of money you would have saved should be way higher than any fees you had to pay over the years.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites. 
I'm sure it's not a way to show off if you are an expert gambler, but if it's for the purpose of sharing (like when you have intention to recruit on your affiliate marketing), then probably it is. Gamblers who bet a decent amount of money usually don't withdraw their funds right away after every session; they keep their money on the gambling site as that is considered their bankroll. This bankroll has a long-term purpose, and most definitely they have a target profit to set before withdrawing the funds, probably not everything.

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.
That's your own style, and there's nothing wrong with that. But bear in mind that every gambler has their own style. Withdrawing your winnings might not be ideal for some gamblers as they want to increase their bankroll, which allows them to place bigger bets and potentially win more. So, just stick with what you are comfortable doing, and let them do their thing.

At the end of the day, we all just want to enjoy ourselves and make a profit. As long as that's achieved, we all win.
hero member
Activity: 1582
Merit: 514

It is a matter of principles, this whole market was created with an idea in mind, which was to allow every single person to become their own bank, and this means having full custody of your coins most of the time, and while it is understandable that you have to deposit your coins when using different services and lose control of them for a while, we should only let go of this control for the smallest amount of time that we can, so even if a casino has proven to be worthy of your trust over the years, it is still not a god idea to leave your coins there for long.

If the casino had prove his survival in the market like the Stake,we can able to deposit the coins and hold for the longer period.Because only some new gambling site may try to scam their user for the few dollars.The process of holding the money in the gambling site like this will use the eighty percentage of my deposit money to recover the 20 percentage of the profit at the end of the day.So it help me to cash out that twenty percentage for my monthly expenses.If I had cash out of twenty percentage for the five set,the money I had deposit was out from the wallet.So all the holding in the site will be the winnings.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
If you gamble on a trusted crypto gambling site, why should you withdraw all your winnings from there?  Does their reputation not make you feel comfortable to put your money there long enough?

i noticed on several online gambling sites that when you make a large withdrawal, their system will automatically detect it and you will make it a little difficult for them, so i never withdraw all the money that i win, i will withdraw it periodically, until reaching a certain nominal value, this is more of an ethical issue i think.
Even though it is a trusted crypto gambling site, we should withdraw all winnings from there and leave a little money in our gambling account to gamble another day immediately. That will make it easier for us because we don't have to wait for the deposit. The casino's reputation has made us comfortable because we have not encountered any problems but if it is money, we should withdraw it as soon as possible. Especially if it is a casino, we can be tempted to return to gambling and instead use the winnings to gamble.

Most casinos will ask users to perform KYC before they can withdraw large amounts of money. Moreover, now the regulators are monitoring casinos more strictly so that casinos cannot do anything other than comply with the regulations. You can also withdraw it periodically if that is the best thing for you, but you must be able to control yourself not to use the winnings for gambling.
I also agree on you. No matter how reputable a casino is, that is not an enough guarantee that your funds will certainly be safe always. There are sudden incidents that made some casinos to collapse, and if your funds are still saved in there, that will be in danger of course. That's the reason why I don't trust long term safekeeping with my winnings in a certain casino, even if I have definite plans to gamble again.
legendary
Activity: 2492
Merit: 1332
I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. Why do they leave that much in there, or is it simply for show off? A gambling expert should know better than to save their money on casino websites.  

I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.
If you gamble on a trusted crypto gambling site, why should you withdraw all your winnings from there?  Does their reputation not make you feel comfortable to put your money there long enough?

i noticed on several online gambling sites that when you make a large withdrawal, their system will automatically detect it and you will make it a little difficult for them, so i never withdraw all the money that i win, i will withdraw it periodically, until reaching a certain nominal value, this is more of an ethical issue i think.
It is a matter of principles, this whole market was created with an idea in mind, which was to allow every single person to become their own bank, and this means having full custody of your coins most of the time, and while it is understandable that you have to deposit your coins when using different services and lose control of them for a while, we should only let go of this control for the smallest amount of time that we can, so even if a casino has proven to be worthy of your trust over the years, it is still not a god idea to leave your coins there for long.
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