thank you for summarizing several ways and steps for strategies or playing patterns from the website. Simple things that are often ignored or even not realized by players to start their day in the arena.
it may be trivial but if it is managed properly it will produce points that become a reference.
Among these points, only the first point I wrote was like Hamya Ujo, just trying it for a service platform. Because I prefer to spend time on forums and learn other things.
indeed people have different styles but I think this thread is useful, sometimes people rarely look for additional info like on the website.
and spend time on social media or just in forums.
I think for betting patterns and other funds, it is very important for those who are experts in the field of gambling. so that's an interesting quote, friend.
Topic: How to Effectively Maximize Profits from Online Crypto Casinos - page 3. (Read 3986 times)
Make sure you always cashout a portion of the winning by setting up an amount that you want to bet and what's over that , you will cash out and start over again. This way , you will have some protection if you get a bad hand or some bad hands in a row , you'll still have some profit already on the side. This is what I've used to do with whenever I have multiple winnings no matter what I play but always cashout some profits in that situation.
I know several players who act approximately according to this algorithm, but in the end it turns into a farce: after winning, they withdraw part of the funds and continue to play. If they lose (most of the time they do) they get the money back and keep playing on it. What this leads to, I think is obvious
In general, the problem with gambling is that you will always lose. The only thing worth discussing is how to manage the gigantic jackpot-type winnings.For fun and spend only the funds which you can afford to lose and don't go beyond or past to your limits.
There are different ways to maximize profits from online casino just like the one you ha e establish and also gamblers need to pay close attention to what they know best than jumping from oke particular games they think it can have good wins to another. Who what you know best and with consistency good result shall be attained.
If we concentrate as a gambler on a particular sport in a sportbook for those that are into sports just like football, it will be better we master it well so we can always have consistent win since that is were we have built enough strategies.
If we concentrate as a gambler on a particular sport in a sportbook for those that are into sports just like football, it will be better we master it well so we can always have consistent win since that is were we have built enough strategies.
Make sure you always cashout a portion of the winning by setting up an amount that you want to bet and what's over that , you will cash out and start over again. This way , you will have some protection if you get a bad hand or some bad hands in a row , you'll still have some profit already on the side. This is what I've used to do with whenever I have multiple winnings no matter what I play but always cashout some profits in that situation.
I know several players who act approximately according to this algorithm, but in the end it turns into a farce: after winning, they withdraw part of the funds and continue to play. If they lose (most of the time they do) they get the money back and keep playing on it. What this leads to, I think is obvious
In general, the problem with gambling is that you will always lose. The only thing worth discussing is how to manage the gigantic jackpot-type winnings. 
Make sure you always cashout a portion of the winning by setting up an amount that you want to bet and what's over that , you will cash out and start over again. This way , you will have some protection if you get a bad hand or some bad hands in a row , you'll still have some profit already on the side. This is what I've used to do with whenever I have multiple winnings no matter what I play but always cashout some profits in that situation.
~
exactly Oshosondy
probably the only application of stop loss and take profit on a gambling related scenario would be prediction markets like these futures for elections on ftx or something like that
but still this is much more like trading than like gambling.
That is so because trading is gambling in a way. You can never be sure about the outcome, you only have probabilities. People who don't understand it, lose a lot in trading. And gamblers that think, I know how to make a bit of money, right? I bet $1k with 98% win chance on dice, and I win 10 bucks easily, right? It's a guaranteed $10 profit, I'll buy myself a beer. And yeah, it works, but only with 98% certainty. And one day ... I mean, it's inevitable, it can happen right away, but it will surely happen one day, and you will lose one thousand USD at once, after risking it for potentially gaining 10 bucks.
yes! this is the way
thinking in bets, understanding risk reward and asymmetric opportunities
there are many parallels between trading and gambling
the prediction markets I mentioned are more directly trading, like future markets, but there's more
~
exactly Oshosondy
probably the only application of stop loss and take profit on a gambling related scenario would be prediction markets like these futures for elections on ftx or something like that
but still this is much more like trading than like gambling.
That is so because trading is gambling in a way. You can never be sure about the outcome, you only have probabilities. People who don't understand it, lose a lot in trading. And gamblers that think, I know how to make a bit of money, right? I bet $1k with 98% win chance on dice, and I win 10 bucks easily, right? It's a guaranteed $10 profit, I'll buy myself a beer. And yeah, it works, but only with 98% certainty. And one day ... I mean, it's inevitable, it can happen right away, but it will surely happen one day, and you will lose one thousand USD at once, after risking it for potentially gaining 10 bucks.
When comparing trading and gambling, an important thing to consider is time. In spot trading, you can sit out a bearish cycle and close a trade at no loss or make a profit. In gambling time is always against you because every game has strictly defined limits. In addition, the increase in the number of games leads to a loss because in the long run the casino has an advantage over the player.
Yes, gambling is both similar and different from trading.
Gambling is a bit like trading with leverage (for example, lowering a certain cryptocurrency). When trading with leverage, luck is very important for you (correct assessment of the cryptocurrency price movement trend). The time factor is also of great importance...
It is because of this that I have never traded with leverage and never traded short.
It's too much like gambling....
It is better to just play roulette or dice.
To win or make a profit, you need to have a competitive advantage over other players. What is your competitive advantage? This is the key question.
But when you play roulette or dice you also do not have an advantage over other players because these games are completely dependent on luck (unless you count the possibility of bribing the croupier in land-based casinos).
I don't like leveraged trading as it requires a large deposit from the trader to be able to lower the position liquidation threshold. I prefer spot trading as it allows me to invest during market crashes and just wait for profits.
When comparing trading and gambling, an important thing to consider is time. In spot trading, you can sit out a bearish cycle and close a trade at no loss or make a profit. In gambling time is always against you because every game has strictly defined limits. In addition, the increase in the number of games leads to a loss because in the long run the casino has an advantage over the player.
Another important thing to consider is that while there are some aspects which are similar between gambling and trading, in the case of gambling the odds of winning or losing are very explicit and you know them in advance, while when it comes to trading this is not the case.You could make some inferences about the chances of winning or losing a particular trade if you have backtested your strategy against a lot of markets and you have enough data, but since very few people do this then it is almost impossible to know the real odds of winning a trade with whatever strategy you are using, unlike with what we can see in any gambling game.
~
exactly Oshosondy
probably the only application of stop loss and take profit on a gambling related scenario would be prediction markets like these futures for elections on ftx or something like that
but still this is much more like trading than like gambling.
That is so because trading is gambling in a way. You can never be sure about the outcome, you only have probabilities. People who don't understand it, lose a lot in trading. And gamblers that think, I know how to make a bit of money, right? I bet $1k with 98% win chance on dice, and I win 10 bucks easily, right? It's a guaranteed $10 profit, I'll buy myself a beer. And yeah, it works, but only with 98% certainty. And one day ... I mean, it's inevitable, it can happen right away, but it will surely happen one day, and you will lose one thousand USD at once, after risking it for potentially gaining 10 bucks.
When comparing trading and gambling, an important thing to consider is time. In spot trading, you can sit out a bearish cycle and close a trade at no loss or make a profit. In gambling time is always against you because every game has strictly defined limits. In addition, the increase in the number of games leads to a loss because in the long run the casino has an advantage over the player.
Yes, gambling is both similar and different from trading.
Gambling is a bit like trading with leverage (for example, lowering a certain cryptocurrency). When trading with leverage, luck is very important for you (correct assessment of the cryptocurrency price movement trend). The time factor is also of great importance...
It is because of this that I have never traded with leverage and never traded short.
It's too much like gambling....
It is better to just play roulette or dice.
To win or make a profit, you need to have a competitive advantage over other players. What is your competitive advantage? This is the key question.
Focus on developing your skills, that's the right thing to do.
If we want to be serious about gambling, we should play skilled-based games, otherwise, we will only fail in the long run.
Games with high house edge are only good for fun because you can only rely on your luck to win, but on skilled-based games, you will be able to develop yourself which would make you successful in the long run.
Me, I don't focus a lot on free because I know it will not give a significant amount to me, unless I'm so lucky.
If we want to be serious about gambling, we should play skilled-based games, otherwise, we will only fail in the long run.
Games with high house edge are only good for fun because you can only rely on your luck to win, but on skilled-based games, you will be able to develop yourself which would make you successful in the long run.
Me, I don't focus a lot on free because I know it will not give a significant amount to me, unless I'm so lucky.
I feel like getting the max out of commissions is possibly the best route you can ever take with online casinos. Loyalty bonuses can seem too low when you first start obviously but over time you become great customer for them. And most of casinos will take care of their loyal customers. On the other hand, eliminating luck and glorifying skill-type of games are better to play.
~
exactly Oshosondy
probably the only application of stop loss and take profit on a gambling related scenario would be prediction markets like these futures for elections on ftx or something like that
but still this is much more like trading than like gambling.
That is so because trading is gambling in a way. You can never be sure about the outcome, you only have probabilities. People who don't understand it, lose a lot in trading. And gamblers that think, I know how to make a bit of money, right? I bet $1k with 98% win chance on dice, and I win 10 bucks easily, right? It's a guaranteed $10 profit, I'll buy myself a beer. And yeah, it works, but only with 98% certainty. And one day ... I mean, it's inevitable, it can happen right away, but it will surely happen one day, and you will lose one thousand USD at once, after risking it for potentially gaining 10 bucks.
When comparing trading and gambling, an important thing to consider is time. In spot trading, you can sit out a bearish cycle and close a trade at no loss or make a profit. In gambling time is always against you because every game has strictly defined limits. In addition, the increase in the number of games leads to a loss because in the long run the casino has an advantage over the player.
That is so because trading is gambling in a way. You can never be sure about the outcome, you only have probabilities. People who don't understand it, lose a lot in trading. And gamblers that think, I know how to make a bit of money, right? I bet $1k with 98% win chance on dice, and I win 10 bucks easily, right? It's a guaranteed $10 profit, I'll buy myself a beer. And yeah, it works, but only with 98% certainty. And one day ... I mean, it's inevitable, it can happen right away, but it will surely happen one day, and you will lose one thousand USD at once, after risking it for potentially gaining 10 bucks.
I ever experienced this one and it's really fucked up considering I only want to earn steady low profit with low risk, but ended to lose all of my big bet after 10-20+ spins. I'd say 50%-70% win chance on dice are better than 98% win chance, there's some people who take bigger risk to bet on 10-20% win chance because it's more satisfy than rather than 1.01x-2.00x. After that, I wouldn't play dice and roll with 98% win chance, I think everyone already experienced this one. 
~
exactly Oshosondy
probably the only application of stop loss and take profit on a gambling related scenario would be prediction markets like these futures for elections on ftx or something like that
but still this is much more like trading than like gambling.
That is so because trading is gambling in a way. You can never be sure about the outcome, you only have probabilities. People who don't understand it, lose a lot in trading. And gamblers that think, I know how to make a bit of money, right? I bet $1k with 98% win chance on dice, and I win 10 bucks easily, right? It's a guaranteed $10 profit, I'll buy myself a beer. And yeah, it works, but only with 98% certainty. And one day ... I mean, it's inevitable, it can happen right away, but it will surely happen one day, and you will lose one thousand USD at once, after risking it for potentially gaining 10 bucks.
Maximizing referrals is the best for gambling, because from them we get money to gamble without using personal money. But, to get referrals requires effort.
Also if you are able to invest in a new but legit gambling site, it is also a cool money and you can earn profits from it because gamblers will lose for you to make profit. But referring is also good and no losses, you can even be able to withdraw the money without gambling. It is good having a set of limit for the amount will use for gambling and make a stop loss and take profit target of earning too by this you can make a different set of games and profit and you will not risk all of your assets.
Stop loss in gambling? Do you actually know what stop loss and take profit is? These are used in trading, not in gambling. In gambling, you can not set stop lose or take profit, you can only either win or lose the match or game that you staked. Only what is related to stop loss and take profit in gambling is cashout, it happens more in a way the bettor will only want to cashout when losing already and it is more like stop lose.
exactly Oshosondy
probably the only application of stop loss and take profit on a gambling related scenario would be prediction markets like these futures for elections on ftx or something like that
but still this is much more like trading than like gambling.
Maximizing referrals is the best for gambling, because from them we get money to gamble without using personal money. But, to get referrals requires effort.
Also if you are able to invest in a new but legit gambling site, it is also a cool money and you can earn profits from it because gamblers will lose for you to make profit. But referring is also good and no losses, you can even be able to withdraw the money without gambling. It is good having a set of limit for the amount will use for gambling and make a stop loss and take profit target of earning too by this you can make a different set of games and profit and you will not risk all of your assets.
Stop loss in gambling? Do you actually know what stop loss and take profit is? These are used in trading, not in gambling. In gambling, you can not set stop lose or take profit, you can only either win or lose the match or game that you staked. Only what is related to stop loss and take profit in gambling is cashout, it happens more in a way the bettor will only want to cashout when losing already and it is more like stop lose.
<....snip....>
Do you have any surefire strategies that works for you which is not in the list above?
Do you have any surefire strategies that works for you which is not in the list above?
I think the most effective way to maximize one's profit in crypto casinos is knowing when to stop- so basically, having the discipline to call it a day and stopping after reaching your profit. The problem with most gamblers is that they tend to be greedy most of the time.
A winning streak does not absolutely mean that the next bet would be in your favor. Just one mistake and loss could result to a continuous losing streak since the normal response of a person after losing a bet is to bet again and recover such loss.
Remember that even by just winning once in a game, you could literally go home and call it a day to enjoy your proceeds on the winning bet!
this is actually one of the common dilemma for most gamblers. chasing after losses. and i can't say, am not guilty of this. but as much as possible, if i know i need the money and i can't afford to lose heavily, i set my limit. if i lose this much, then, time to stop and get out no matter what. but if i still have the time and has a lil bit of allowance in stretching my limit, i will.
so if you are playing the usual casino games, you can only get your profits if you do really know when to stop. but when it comes to sports betting, definitely, you should only bet on the sports that you are very well familiar of.
People by nature and nurture put a lot of weight to being right all the time, so when they do not get their expected outcome they get desperate to change it, however this only leads to more mistakes and losses, and if they are incapable of stopping in time the losses accumulated can eventually grow to the point that a recovery is now absolutely impossible, which is why when we lose a little bit of money when we gamble we must simply accept it and move on as quickly as possible to avoid something like this happening to us.
It is more ideal to the gambler if there's a specific gambling routine or a plan because it is not ideal if you is just kept plying with a specific target to be not all the time the gambling gives us a good huge amount of profit and mostly there's a lose streak and this is right that the most gambling want to urge back their losses earning. It is good having a set of limit for the amount will use for gambling and make a stop loss and take profit target of earning too by this you can make a different set of games and profit and you will not risk all of your assets.
Do you have any surefire strategies that works for you which is not in the list above?
No strategy was confirmed while we were at gambling, maybe just managing finances so as not to overdo it when bets. I think gambling is just for luck, even though we master the games we play, it's not necessarily every time we bet we win. We play with the host, therefore until now, we have not found any strategy in gambling other than financial management.My strategy to gambling is to quit when I'm losing because I understand that there are no perfect strategy to winning in gambling. The owners of casinos and gambling sites are in for making profit and they won't expose themselves to losing either. So it is a game of luck and when luck run against you the best to do is wait for another day and by that way you are saving your money for a winning day.
That is probably the best gambling strategy as if you are losing then you may be overcome by emotions and make the wrong moves.
Many people try to chase the losses which is an even more bad habit in gambling. If you are losing in gambling, it's better to stop gambling for that day, do some other activity, and come back the next day to try your luck.
~
I would argue with this, to be honest. From what I know, for the house edge to work properly, you need many millions of bets to be made. In fact, this is the second reason why casinos want a lot of players... The first and main reason is the more players on your platform, the higher your profit, yes, of course that's true. But the second reason why you need a lot of players is to protect yourself from a statistical deviation of such a degree that your funds are emptied. The more players you have, the less the probability of such a deviation.- Comprehend house edge thru coin toss
Quote
Imagine you bet on a coin flip, at less than even odds. No matter your choice of heads or tails, you are going to lose money, in the long run. You are betting on a 50-50 chance but only get paid less than double your money on each coin flip! Depending on how much less you are getting paid, your bankroll will withstand a certain amount of bets.
So, if I’m offering you 1.90 (decimal odds) for each coin flip, your money will end up in my pockets after 200-300 coin flips. That’s how you have been feeding the gambling industry. And that’s what the house edge is all about.
~So, if I’m offering you 1.90 (decimal odds) for each coin flip, your money will end up in my pockets after 200-300 coin flips. That’s how you have been feeding the gambling industry. And that’s what the house edge is all about.
I think you are confused. It simply shows how the housed edge work in a visual representation of a coin flip. And your explanation perfectly fits that representation.
~
I don't know, am I? Firstly, it's a huge house edge you mentioned. I personally know no dice game that gives you 1.90 for a "coin flip", or, in other words, for a bet with 50% win chance. It's more like 1.98 in most places. Secondly, even with that enormous house edge, losing all your money within 200-300 rolls is never guaranteed. But I'm not saying that people can quit their job and make money from gambling. I wouldn't recommend that even if the house edge was zero.
<....snip....>
Do you have any surefire strategies that works for you which is not in the list above?
Do you have any surefire strategies that works for you which is not in the list above?
I think the most effective way to maximize one's profit in crypto casinos is knowing when to stop- so basically, having the discipline to call it a day and stopping after reaching your profit. The problem with most gamblers is that they tend to be greedy most of the time.
A winning streak does not absolutely mean that the next bet would be in your favor. Just one mistake and loss could result to a continuous losing streak since the normal response of a person after losing a bet is to bet again and recover such loss.
Remember that even by just winning once in a game, you could literally go home and call it a day to enjoy your proceeds on the winning bet!
this is actually one of the common dilemma for most gamblers. chasing after losses. and i can't say, am not guilty of this. but as much as possible, if i know i need the money and i can't afford to lose heavily, i set my limit. if i lose this much, then, time to stop and get out no matter what. but if i still have the time and has a lil bit of allowance in stretching my limit, i will.
so if you are playing the usual casino games, you can only get your profits if you do really know when to stop. but when it comes to sports betting, definitely, you should only bet on the sports that you are very well familiar of.
People by nature and nurture put a lot of weight to being right all the time, so when they do not get their expected outcome they get desperate to change it, however this only leads to more mistakes and losses, and if they are incapable of stopping in time the losses accumulated can eventually grow to the point that a recovery is now absolutely impossible, which is why when we lose a little bit of money when we gamble we must simply accept it and move on as quickly as possible to avoid something like this happening to us.
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