Topic: How do you manage your money on gambling sites. - page 4. (Read 1334 times)

Well sometimes I see that act as too much laziness and over trusting on the casino to secure their funds,  same also apply to some traders who leave huge balance on exchange,  some time when anything happen to such site,  their become crippled because they will have nothing left to fall back to at the end,  because I don't see the reason why anyone will leave such money on a casino balance.

And still take the risk to display such balance to the public this act will attract hackers to start targeting such accounts and once their get hold of it the money is gone,  but if you have them stored in your private wallet it won't be easy for third-party penetrations.

If you had money in the top coin like bitcoin and Ethereum,every time of deposit you need to pay fee.The withdraw also the same fee will added all the time.So either use the altcoin and which was listed on your gambling site.Most of the altcoin fee will be very low.For example,the XRP transaction is ten times lesser then the transaction fee of the bitcoin.So you do the ten transaction using the one time transaction fee of the bitcoin or Ethereum.If you are not okay to pay the transaction fee many times,the best option will be hold the money in the website itself and hold the money in the gambling site itself.But for that you need to verify the gambling site is good or trusted.

OP
You won't be surprised to see their account balance because their betting site balance is completely fake and fabricated.This is done to attract others as people see themselves attracted to that gambler/casino. It can be called a type of business advertisement or strategy.

Also an important thing is never to keep full balance in any gambling or betting site account as if it gets hacked then all your balance will be lost forever or if your account is suspended or destroyed for any reason you will never be able to get your balance back. So never forget all your balance in your gambling or casino sites but if you withdraw a certain amount weekly or daily there is no possibility of facing all these problems.

Some gamblers especially those that are amateurs in the industry often see it to be a grow my funds kind of opportunity. They end up thinking by leaving there funds there, they could as well re-stake most of it in a bet and double it and keep doubling it until they would have a life of fortune of it but the reality is, this can happen one in over 10,000 individuals with no statistical data to prove (^{yeah, this is me speaking out of what is obtainable in my locality}). What I’ll overly say is the best option is that, you withdraw just a sizable amount to use for yourself and leave just about enough to gamble with. It would promote a not seeing gambling for a survival model but rather, for a means of relaxation or fun. Leaving so much money online would end you betting with all of them and you’ve got more chances of lose.

If a casino asked for KYC verification unaware it means that is a clear indication of scam casinos, many of such casinos are very popular and most of them already have several red scam accusations against them.
Best for everybody to avoid them because what they are after is to take your deposits and walk away at will, and that is the primary aim, scamming, on the contrary, such casinos also promise high bonuses for deposits but of what use is the bonus when you can't withdraw your winnings.

Normally, gamblers do make withdrawals after winning big. I don't think any gambler would save a whole lot of money at the casino unless it's for a particular amount that they are sure they want to use for gambling. Based on what others have said and also what I think, it's obviously for the sake of showing off that would only make those social media gambling channels expose a heavy ballance for the reason of trying to fool people into believing that they can also make big wins with those channels. This thing is almost on all social media platforms, like WhatsApp, Facebook, and the two that OP mentioned.

Or maybe, use a coin that has a fast and cheap transaction fee. Fees really sums up if you are constantly withdrawing on every gambling session you have, I experienced it and that's why I started to use altcoins that has a low transaction fee that you will not even notice after withdrawing. We all have our strategy in lowering that transaction fees in depositing and withdrawing but one think is for sure, don't leave your money on a casino especially if you plan on returning for a long time. We can't be sure about casinos nowadays knowing that there's a recent "reputable" casino that ran gamblers money and disappeared.

First of all, if you can avoid it, never store your money long term on gambling sites. Make sure that your money is in your own wallet. Not on any third party wallet (casinos, exchanges, etc.).

It does seem like a shame if your casino has high withdrawal requirements, so anyone gambling small amounts can just leave them in their casino wallet. (I gamble with small amounts so I do not care about my casino fund safety too much. But big winnings should be withdrawn)

You can never know when and where the next hack, scam, etc. takes place. Even the most trusted casino is ultimately a centralized entity which has full access to your casino wallet and your money. We should not forget that.

Some people might not want to withdraw their money from casinos because the fees are to high. If there is a casino you gamble at frequently then you will lose a lot in fees by constantly withdrawing. I usually only keep a modest sum in casino wallets and will withdraw once a certain threshold is reached. Some casinos might adjust their fees dynamically depending on the state of the mempool. It is wise to take advantage of this and make your withdrawals during a period when network fees are low.

Yes, and its really that impossible for you to be not to be able to think about the risks on leaving those coins into those platforms which it is something that a pretty basic thing for us to be able to know along the way or
we are really that engaging into this space where you could really do almost everything as long you do have the money but it is really that much better that you would really be pulling out those funds into those centralized platforms because there are people who do only just making out such step or behavior on the time that they had realized that they have done the wrong thing but there are really that who are hardheaded but on the time
that disaster happens then this is where they do keep whining and banging up their heads into the wall. Its true that each person does have their own mindset and believe on which it would really be just not shocking
that decisions and preference that had been made is really that different to each person and this is why just let them be on what are the things that they would gonna do with their money. It is really that
that its a different thing on each person because of its own insights and decisions in life.

Of course, thanks to the constant streams of online casinos and the uniqueness of their implementation, streamers become more famous and gain an audience and regular subscribers. There are not so many options for attracting: you either need to lose a lot or win jackpots. Viewers really like such extremes. Thanks to them, streamers can enter into good contracts for payment from casinos.

The best ending for them in my opinion is to never appear in public or stream again after they have earned good money. Because if they stream for a very long time and gain worldwide fame, they might be recognized on the street and robbed. There is also a risk of meeting an angry subscriber who lost a lot of money, thinking that the streamer contributed to the loss.

I know that they want to show off with their slip betting winnings and then withdraw from gambling afterwards.

The same thing with many people when I win I will withdraw and leave a little on the gambling site but I never show off any winnings in gambling because for me privacy is important, there are different ways of others maybe it's their desire just to be known to many people, that he has won a lot of money in gambling.

But the important thing is to be able to enjoy the results of this victory, then it is better to withdraw after winning the bet.

In fact, I think that while you wanted to ask a question you actually stated the answer in the question. Usually, such people show all their earnings and even a large part of their savings by depositing more money to gambling websites just to show off. In particular, almost everyone who claims to sell VIP betting tips uses this method because they want to show that they have earned so much money through gambling and that they have a high budget that they can use for gambling.

Personally, I take care to withdraw this money after the balance I use for gambling reaches my target amount because remaining a high balance in the gambling website account may cause bad consequences in case of a possible loss of self. Also, for me earnings aren't profit unless they end up in my wallet as a digital asset or cash that I can spend. Earnings always suit the pocket and if they are not transferred to the pocket it creates the perception that it is insufficient regardless of the amount.

I mean, each person has it's own choice to manage his money.

Since we're in Bitcoin forum where we know decentralization is the most important thing, most of users will agree if holding coins mmust be in non custodial wallet. But we can't deny if many people are leave their coins in centralized exchange, staking in unknown site, or even leave their coins in gambling sites.

So just do what you think the best for you.

Lol, please use some critical thinking why bet slips are shared on social networks or chatting apps and why they show the account balance as well. Don't you think that this is most likely a targeted promotion instead of some real player sharing sensitive information? The message is that you should go to that platform because obviously there is money to be made. A lot of money, presumably. That's the whole idea behind sharing this information in public. You seem to be quite susceptible to online information of all kinds. I hope you don't get caught by conspiracy theories as well. No, Trump is not in prison yet even though there are fotos on the Internet showing that he is in jail.

Security issue is the main problem we face with any centralized gambling platform, anything can happen to your money at anytime could be due to hack or company scamming it’s customers. It’s no news to us now about how companies gain customers trust and later end up scamming their own customers. Aside scam and hack issues another challenge people face when they keep money on gambling websites is the temptation to always play more games than the usual especially when experiencing a streak of losses. Greed will take control and he will be pushed to stake more in order to gain back money lost and this usually doesn’t end well. If a gambler can keep his gambling attitude in check and fully trusts the casino and is not bothered about scam or hack he can always save money on the site but he should be aware that the money is saved at his own risk.

Whatsoever the reason and no matter the amount he has no one will be willing to lose money they worked hard to get except if he robbed a bank or scam people or illegally got the money and even so scanning or robbing a bank is also hard work because it is not easy to carry out any of them and what would be the essence of working hard to earn money and lose it carelessly. He might have his reasons but it will be better and advisable to not expose yourself and be a target for criminals and taking precautions doesn’t kill.

If you already won enough money on the day you should be withdrawing it as it needs to be spent on something else not on betting it back on their platform as the chances are huge that you will lose it all. You are right withdrawing it prevents us from playing more. Even though we can deposit back but you still need to go through some process to play again.

Doing gambling once a week is better than gambling on a daily basis but it is better to not have that frequency because you are looking forward to ending the week so that you can play. It is better to play when it has already been a long time since you've played like more than a month or you have forgotten so that you cant keep thinking of it.

You already knew the answer mate , and that is for show off or else they are not stopping playing  day and night so continuously leaving their funds inside so it will be available at any moment?

not sure what are their main reason but for me , it is to empress others because of how much they won and how much money they still have in their account.

This could be due to several reasons
1. He is showing off and showing everyone that he is very expert in gambling
2. He is going to withdraw larger amounts together
3. He sometimes wants to take advantage of this opportunity to win a huge amount because of the sure bet he can do so.
4. Maybe he owns a lot of money so he doesn't care about this amount of money
There could be many other reasons which we cannot say for sure

We will not know whether the amount they get is the amount they can withdraw or whether the amount is the amount the casino has given them to play and get more people to register at their casino. They are just showing off and will not show how much they withdraw and that's why we don't need to think about it because it is just entertainment for the audience.

We also don't need to keep too much balance in our gambling account because that's risky and it's better to keep enough balance that we can use at any time. This is to reduce the risks that may occur to our gambling account. And if we can win a lot of money, we should withdraw the money to another wallet and leave a few dollars in the gambling account to gamble another day.