Topic: How do you manage your money on gambling sites. - page 10. (Read 1279 times)

Yes it is simply for show off. Because if it is not, then they would blur out the figures when posting in the public domain.
I withdraw my winnings too. I do not worry about deposits because with cryptocurrency, your account can be funded within minutes. The case would be different if I were using fiat option for deposit.

As long as you still have your winnings in the casino website, they own the money. It is not in your custody as you may think. If shit hits the fan, your money is gone and you cannot hold them liable for it.

No matter what anyone may think, do not leave your money on the website. Do not wait until you encounter an issue before you request for withdrawal.

Yes, including just to show off the total balance before making a withdrawal, to warm up friends and/or other gamblers in the gambling group, that's what I often do. lol

I personally often save my money on a gambling site after winning because it aims to play the next game, on a different day, so far I have never lost my money on a gambling site even though I left it for a month, but that is not the total amount of winnings I got, at most only a few percent.

This depends on where you play, if the casino has had previous cases I think it is better to withdraw the money you win rather than keeping it for too long.

Actually I think this is not a good action, especially if you keep money there with a large enough amount, well I understand maybe their goal is to show off to everyone especially their friends that they are able to play well and get big wins, it's a pride for them maybe, but it's not impossible I think there will always be things to fear if you continue to do things like that by keeping your money in a gambling wallet because it could be at any time your account is frozen by the casino site itself because it sees your balance is so large and maybe they will take over your account. Obviously this is what is worried about, so I think it's better for you to make a withdrawal as soon as possible.

Well that's right. because indeed withdrawal is one of our goals of gambling, like you when you get a win then I'm sure you will be very enthusiastic about making a withdrawal because it is something you are always waiting for. So I also don't know the reason why they keep their money there for so long. Yes it's better that way my friend, it's better that you make a withdrawal as soon as possible and if you still want to play then you can leave a little money there, so when the money runs out then you already have a little money from the withdrawal that you have done before, that's better.  

Do you still believe screenshots on the internet? Such screenshots are made in a matter of minutes. For those who are used to working with cryptocurrencies, it's high time to switch to a fairer trust format - signing the message with an address. If I were you, I wouldn't trust strangers from X or Telegram, because there is a possibility that their goal is to run a script on your computer that steals passwords, seed phrases and other information stored on your computer without proper attention.

crypto gambling websites should never used as "wallet".
this is the weakness point while dealing with crypto / and using these kind of sites but in the same time it's also an advantage since you have always control of your money.
In the past we have seen gambling sites that allow people to bet just completing a tx! (DirectBet)
Who knows we will see something similar again, one day

Don't be deceived it's not easy to mange your money in gambling site. But if you instill discipline in yourself then I don't think it would be too hard to do.

My first rule is not to gamble in things I don't understand yet. I have friends that have no idea about a gambling option and they would ask me to help them gambling with their Money, this is very risky because you have no idea about it and can easily be scammed.

Also another rule is that I try to go above my limit, I usually set aside some funds for gambling and once I have finished that I usually call it a day. The bottom line is that you have to be discipline.

I will not like to keep money on a gambling site, because since I know I have some money there, I may become tempted to try to gamble with it. My way to manage my gambling is to make deposits of the amount of money I want to use to gamble when I want to gamble, and for sports betting, I send the money for gambling when the weekend is getting close because I use the money I can spare for gambling when I gamble and I do not always know the exact amount of money I will be able to spare until it is time for gambling.

They might have the intention of betting again or simply just to show off and withdraw them later but it's not advised to store crypto assets in custodian service no matter how good their reputation is because it is prone to hacks, so just withdraw the funds and keep in mind exchange is for trading, casino is for gambling and wallet is for storing.

That’s their bankroll dedicated for their game. They have separate wallet for their money. Their bankroll is just the fraction of their total assets. If you watch popular gambling streamer like Adin Ross, You will notice that he keep depositing whenever he lose or he needs additional funds on his current bet like double down on blackjack then he withdraw immediately his additional funds once he manage to recover.

Those balance that you are seeing is really big but that doesn’t it’s their total bankroll. No one does all-in deposit on a casino.

It is the easiest way to show people that you are good at what you are doing and for them to believe that you are good and also to recruit members of the casino you are playing, there's a risk in it but if they are playing in a reputable casino and they have a good standing they don't mind not withdrawing everything.


Same especially when I win a big amount, I always get excited to have my winnings in my wallet because not every day I canwin so I prefer to withdraw and just allocate an amount for my next gambling activity, if I want to invite and show off my winning I just do a screenshot before I withdraw.

People who do this are basically promoting their channel and looking for customers. Some of them even use that to lure people so they can scam them. I have also seen a lot of them who added photoshop and not their actual winning and wallet balance. I will advice you to be careful with anything you see online before you fall into scams.


Gambling websites are centralized so it is not always advisable to leave funds there. Like you said, the only fund that should be there is what you want to use to play. This is also my practice and so far, it helps me to control my betting while also remaining safe.

Obviously it's for showing off and flexing how big their win on that casino. I don't think storing money on a online casino is a good thing to do given that you don't have a full control of your money and there's a chance that something bad can happen like casino obstructing you from withdrawing and being hacked. Another way to be a hackers target is to flex your casino funds and revealing the casino you are playing on. I believe that it's a good practice to not leave any money on casinos or any platforms like exchange especially for a long time.

Crypto users always withdraw their coins from the casinos and only leave a few they are willing to lose. 
With users who show off their balance with huge amounts, I guess they are comfortable storing their money in the casino. And most probably that huge amount is nothing to them which they also can afford to lose.

As for me, the only funds I can leave are less than $300. Anything more than that, I send it out. Turn it into BTC if I don't plan to spend it.

You are correct about the show-off part, first off since they are advertising their channels they don’t want anyone to think that they are scammers or just want to lure you in so that they can make money off you through their vip subscription so they’ll show to the public that they have more than enough in their account.

And as for the savings, I usually don’t keep much in my account. I’m of the opinion that if I keep all the money that I have won in my account sooner or later I’ll use all of them to place a best most especially when I experience some losing streaks, that urge to just keep betting until I win something tangible might take over and I’ll end up with nothing so as don as I have something that I think it’s worth keeping I’ll withdraw and keep playing with what’s left in my account and when that one gets finished I’ll call it a day for that day. After all my gambling account is not meant to save my money so why should I keep more than I can afford to lose in it?

I will say it is just for showoff.

This is the best thing to do. It is not good to leave coins on a gambling site because they are centralized gambling sites. If you need to deposit more coins, it is not hard to do at all.

The gambling sites are just like centralized exchanges, you have no full control over your coins and any site can be hacked at anytime.

But people will be people, once they do not have a problem on a site, they will become lazy and leaving their coins on the site.

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.