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Topic: How do you manage your money on gambling sites. - page 5. (Read 966 times)

hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
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. 
There are two different sides in my view to an account that holds so much balance there. First, they are influencers who share content on social media with large balances on their demo accounts. Second, the motive is just to show off (if the account is real). Active gamblers are very aware of the risks that can arise from storing their money on online gambling sites, they will not allow their money to be stored for a long time in a place where the level of security is not guaranteed.
My assumption is that there are many motives for content found on social media, maybe they immediately withdraw all the money after the content is created or they are part of the site that deliberately distributes videos on social media to attract other people's interest in visiting their site.
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
They might be rich people. Have you considered that? Wink They don't care about leaving a huge amount in their wallets because they can afford to lose that or some of them are betting high amounts so they would need that balance to keep the game going. Depositing and withdrawing back and forth might be a drag for them so it's just better to keep it there if they will keep on gambling every day.
You are correct, it's not right to keep a big balance in one account but those are for average people like us who are afraid that we might lose it more if we keep it there because of the temptation that we might gamble it more.
For me, I have my own number to withdraw, $50 and I am happy to take it out.  Cheesy
hero member
Activity: 1974
Merit: 591
Leading Crypto Sports Betting & Casino Platform
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.
Like most people, the balance displayed is just for show so other people think that the balance displayed is the result of playing at the casino. There is no other purpose, although it is usually one of the requests of the casino to get people in the group interested in playing. Personally, I don't like keeping old balances in casino accounts, let alone having to leave them unplayed or withdrawn. There is a kind of worry that we forget and the balance could be locked by the casino because it is deemed that there is no activity from the owner.
hero member
Activity: 1078
Merit: 509
Leading Crypto Sports Betting & Casino Platform
While everyone thinks its for show off, lets not forget that most people are ignorant. They are similar to traders that keep funds on exchanges. I've left some good amount in a casino and even felt comfortable leaving them there, because it helped me gamble swiftly and keeps my bank roll high at all times. Also, it depends on the gambling strategy of the player, some people wants to pause gambling at will, not because of insufficient balance. Additionally, if a player sets some funds apart for gambling and wins through the funds, it'll be great to play with his winnings, and save his fiats for other things. However, it's risky, but the effect can be different for individual players, when the casino malfunctions or goes offline. But, these casinos, some, are registered with physical offices. If such thing as a casino going offline occurs, affected players have a physical office they can approach or sue to get back their money. Though it's rare for an online casino to go offline without prior warning or problems that'll signify players to get off their funds. Hence, players who do that, should always stay observant, to be on a safe side. Don't forget that some gamblers have lots of money, their only problem is where to keep it.
full member
Activity: 994
Merit: 152

Saving money on casino is consider not a good reason ~snip~

Yes, of course that is not a good choice. If there is a balance on a gambling site, I personally tend to play continuously and I am sure the results will be bad, the money will all be gone. Withdrawing money from gambling sites makes us unable to play continuously and control our finances and control ourselves from gambling addiction. In my opinion, the ideal gambling is once a week. If you gamble too often, you will usually lose a lot because controlling your emotions becomes more difficult.
hero member
Activity: 1148
Merit: 518
Allowing people to see their wallet balance is for showoff and adversimemt. They simply want to look rich before the public. I don't think they would show it if the wallet balance is low. Showing a high wallet balance will also attract more attention and views. It is just a message that shows that they have proof that they are successful gamblers. Anyone who keeps his wins or large amounts of funds in his casino account is risking his funds. No doubt many reputable casinos have been stable for a long period. But if they are not licensed to operate as banks or exchanges, we should not use them for savings. It is better to leave only funds that have been budgeted for gambling in casinos.
Saving money on casino is consider not a good reason. Gambling is risky, it's not easy as illustrated by these gambling top influencers who are after their won personal gains and nothing more. They do have a strong community that's capable of boosting the ratio of their gambling ads, always ready to take good advantage of these opportunities to make extra cool cash, but for me I'm already used to the entire process. Saving and displaying the hugh figures in an account are the processes that are involved in gambling ads, tends to persuade and influence the decisions of the public.
hero member
Activity: 1358
Merit: 538
paper money is going away
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. 
So far, I believe there are two strong possibilities influencing why he keeps a significant amount of money on an online gambling platform.

1. Perhaps he has recently won something substantial, causing a drastic increase in his balance. Before withdrawing the funds from the gambling platform, he takes a screenshot and proudly shares it with his friends, signaling his success in the game. It's possible that after taking the screenshot, he proceeds to initiate a withdrawal.

.2 This scenario might be typical for someone who is not well-versed in centralized systems. It's conceivable that he refrains from making a withdrawal because he intends to play other games at a later time. After a big win, he may believe that more victories are on the horizon.

As someone accustomed to cryptocurrency and other decentralized assets, it's indeed viewed as a risky move, as the money held by the gambler is under the platform's control. So, it's reasonable for you to bring up this topic, and it's possible that the individual with a substantial balance on the gambling platform is unfamiliar with the differences between decentralized and centralized systems.
hero member
Activity: 2030
Merit: 549
Leading Crypto Sports Betting & Casino Platform
Apart from showing off there are also many people who leave a bankroll in the casino and the bets they place are small percentages of the bankroll, which you can see that the OP does not do. It is something that makes more sense if you do sports betting or poker but there are people who do it in casino games as well and you avoid having to deposit each time.
Yep, maybe there are people who keep the money to avoid very often deposit to gambling account. Sure, it more sense if they do it for betting or playing poker. However, I think it is still not a secure way. I'm sure although it is for betting or poker, most gamblers won't keep too much money on their casino accounts.

But yes, in these broadcasts, the main motive is probably for the viewers to see a lot of money in the casino account.
True. The possible reason is to have higher viewers. As I said before, people must be interested in huge balances. It will automatically attract people to see the post. Although some people may understand it is not something real, they still want to check it because they are curious about that. It is one of the trick to add more viewers, post something interesting.  Grin

legendary
Activity: 854
Merit: 1009
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.

Allowing people to see their wallet balance is for showoff and adversimemt. They simply want to look rich before the public. I don't think they would show it if the wallet balance is low. Showing a high wallet balance will also attract more attention and views. It is just a message that shows that they have proof that they are successful gamblers. Anyone who keeps his wins or large amounts of funds in his casino account is risking his funds. No doubt many reputable casinos have been stable for a long period. But if they are not licensed to operate as banks or exchanges, we should not use them for savings. It is better to leave only funds that have been budgeted for gambling in casinos.
hero member
Activity: 2506
Merit: 628
I don't take loans, ask for sig if I ever do.
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 deposit a set amount, and I play till that goes to zero (or if I'm bored already). If there's leftover money, then I deduct that from my regular deposit amount and then play with it. I usually play small most of the time so even a low bankroll can net me quite a few games though I still do one of those YOLO moments on crash just because. It's kind of scary in the first place to leave money in casinos, just like how you will in exchanges since afaik they don't hold responsibility for it or something? I'd much rather withdraw anything big if i do get one than hold it so that I can share it for clout.
hero member
Activity: 714
Merit: 1004
Goodnight, ohh Leo!!! 🦅
Why would anyone do such?? You think they dunno the intricacies of doing so?? I believe it's a show off...yeah? Cus you'll never be convinced when someone's got nothing left on Thier balance, showing some meagre winnings to you...it's part of the marketing strategies...
Secondly, we've heard stories of casinos folding up for several reasons- one of which is usually very controversial, I would say is Bankruptcy. If this happens, no funds are spared... isn't it enough reasons why you shouldn't HODL hundreds of thousands of dollars in your casino wallets?

Sandra 🧑‍🦰
legendary
Activity: 1736
Merit: 2748
LE ☮︎ Halving es la purga
...//,,,...

          -   You have a point in what you said, mate. People whose only intention is to get hype will really find a way to achieve their aim.
As you said, it can really happen that someone will deposit a large amount in a casino, take a screenshot to show that he won in a gambling game, and then post it on any social media to encourage people to sign up using his referral link.

That's their strategy, and there are others who are also doing it just to show off, although there are others who are really good gamblers and really win, but others are just pretending, so I agree with what you said.

THE point is that none of the cases should influence the decision, it doesn't matter if it is true or a lie, it is just referential information.

So, someone who arrives at a certain site and is given a link with the message:  he's going to make big profits, he's doing his job, I have proof , it doesn't matter if that person is Daniel NEgreaunu or "Mr. PePe", it's ever my decision.

The management of your money is always 100% your decision, it happens with the use of a sponsor, just because you see Messi in front of a casino does not have to give you more confidence, it is the objective.
hero member
Activity: 1316
Merit: 731
Leading Crypto Sports Betting & Casino Platform
The recommended thing is of course to withdraw your balance from the casino, but leave some there if you still want to come back the next day. Most gamblers post their winnings and balances at the casino to show off, but I believe they just don't tell you when they withdraw their winnings.

Leaving a lot of budget in a casino without using it for gambling is never recommended, in fact you are advised to stop gambling after winning something decent and continue your gambling at another time. So far I have not deposited anything in the casino, obviously it is the best option to avoid unexpected risks.
sr. member
Activity: 1372
Merit: 348
One thing I did consider is that, those who leave really huge amount of money on their gambling casino accounts already have more than enough in their wallet, as well as bank accounts, I mean, I won't immediately believe that in this time and era, someone will have his or her entire life savings stored or kept on a gambling casino, that's is a very foolish thing to do, and also very odd to believe.

So I am personally assuming that those guys are just so damn rich , and this amount of money they leave on the gambling casino is probably or possibly nothing to them if they lose it, it's the reason why they do gambling with such amount of money in the first place .

Exactly. These guys no longer have problems with money, hence they can easily leave a huge sum in their accounts without any hesitations or problems. Plus, with their status and their money, they can easily get that back as they can use their connections to go after the platform. Having lots of money is a cheat code in this day and age, as it gets you what you want when you want it.

People who are gambling in hopes of getting rich will never leave a huge amount in their gambling accounts. They'll immediately withdraw the winnings once it gets significant and try winning again with just a small sum.

I would have to agree if the guy is not a streamer.  But the fact that the person is a streamer, it is possible that the balance is maybe sponsored by the casino he is promoting.  We all know that casino streamers are being sponsored by the casino itself.  So the streamer may be leave the money there because he is not allowed to withdraw that amount.  There is also a possibility of bragging since it is possible after the screenshot he will withdraw the money if it is really his.

As a gambler, I never leave my remaining fund in the casino after playing.  I always withdraw them especially if I get a bigger win.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
One thing I did consider is that, those who leave really huge amount of money on their gambling casino accounts already have more than enough in their wallet, as well as bank accounts, I mean, I won't immediately believe that in this time and era, someone will have his or her entire life savings stored or kept on a gambling casino, that's is a very foolish thing to do, and also very odd to believe.

So I am personally assuming that those guys are just so damn rich , and this amount of money they leave on the gambling casino is probably or possibly nothing to them if they lose it, it's the reason why they do gambling with such amount of money in the first place .

Exactly. These guys no longer have problems with money, hence they can easily leave a huge sum in their accounts without any hesitations or problems. Plus, with their status and their money, they can easily get that back as they can use their connections to go after the platform. Having lots of money is a cheat code in this day and age, as it gets you what you want when you want it.

People who are gambling in hopes of getting rich will never leave a huge amount in their gambling accounts. They'll immediately withdraw the winnings once it gets significant and try winning again with just a small sum.
sr. member
Activity: 812
Merit: 260
There is nothing we can do to stop this, many understand that casinos are a centralized and yet they leave money on the platform and keep their funds on them, but not everyone do such, I only deposit money into a new casino if I plan to use all the money for gambling and if I become lucky I will quickly withdraw the money off the casino still.

My plan was never to use more money for gambling than I should per week, if my threshold is meet I will quit gambling, everyone should be able to manage their money well, and they should also stay away from storing funds on any casino.

Traders leave money on centralized exchanges to avoid moving in the fund the next day which will cause them to pay extra fees for withdrawal, but they make sure to move their successful trades off the exchange and leave some money behind for trading the next day, casinos are not good for this, if you have to let your money sleep on a casino make sure it's not a lot of money.
hero member
Activity: 2492
Merit: 548
8ombard - Pick, Play, Prosper!
One thing I did consider is that, those who leave really huge amount of money on their gambling casino accounts already have more than enough in their wallet, as well as bank accounts, I mean, I won't immediately believe that in this time and era, someone will have his or her entire life savings stored or kept on a gambling casino, that's is a very foolish thing to do, and also very odd to believe.

So I am personally assuming that those guys are just so damn rich , and this amount of money they leave on the gambling casino is probably or possibly nothing to them if they lose it, it's the reason why they do gambling with such amount of money in the first place .
Agreed, not everyone does this. There is security issue and other problems with gambling platforms. No one keeps the entire life saving in the gambling platforms. This is more risky, because the platform is a centralised one. Apart from the centralized feature when we have fund on the wallet we'll get triggered to wager more. This could lead to be successful or losing the funds. As said big amounts kept on gambling platform wallet won't be a big thing for users who never get disturbed by the loss.
legendary
Activity: 1162
Merit: 2025
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.

They may do that so they can show off they are successful in comparison to other gamblers. However, there are people out there who indeed prefer to store the bulk of their crypto budget into their account, instead a cold wallet.

It may be cause they want to save money from transaction fees (since they are sure they will be back quite soon to continue gambling).
Or Greed has completely taken them over and cannot help themselves to wager as much as they have in their account.

Regardless what the reason is, I wish everyone good luck and be aware of the risk of gambling at much money at the same time.  Wink
hero member
Activity: 1582
Merit: 514

I frankly see my money being safer in most respected casinos like stake.com, then in sitting in my personal wallet. But i don't keep all my money in one casino. I often keep rest of them divided in other casinos and legit exchanges like binance and coinbase. Because when i don't store my money in stablecoins, if any of those gets hacked lethally, value of my coins would drop anyway, so it probably wouldn't hurt to lose some to hack if the value of those coins would drop instantly radically anyway.


The Stake was the top of the casino in this world,So holding money in the Stake will be safe as compared to holding in other casino.The Stake will have many games as to other casino,Since you don’t want to keep all money in one casino.It’s essential to find other trusted casino to keep your money.Some people use their half money in casino and other half in exchanges.So you are going to hold like this half in exchange and remaining half is casino.By this you can inverse all the profit from exchanges into the gambling.Like this you need to think differently on the demand of money and parallel do the trading which is important for the money rotation.
hero member
Activity: 2170
Merit: 530
Gambling sites are not intended for storing our savings. If they are gambling experts then most likely they know what they are doing. Maybe we can see big amounts in their accounts but we do have different levels as to how much big is big. Drake for instance usually bets around a million for a single game so it could be that $5 million in his account is not that big for him. And he bets regularly so there is no need to deposit and then withdraw every time he plans to make a bet. So it is not really surprising to see regular bettors just keeping their winnings in their betting accounts.
I agree, even tho we can say that the gambling site we stored our money is quite reputable and has a many gamblers still no website is 100% safe from attacks even those website with multiple layer of security still has some flaws. What I mean is do not make gambling wallet like your exchange wallet or hardware wallet, do not be too  tight with paying transaction fee.
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