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Topic: How to make sure you don't lose money - page 11. (Read 4715 times)

legendary
Activity: 3094
Merit: 1127
July 05, 2017, 08:47:35 AM
#48
There isn't anyone who hasn't lost some money whiles gambling, the number rule is that the House always wins, what you can do is minimize your losses and dont bet a lot of money, if you follow the higher the risk, the higher the reward thought in gambling, you are going to lose and lose very heavily.

Good insights mate, we could not really have that assurance of not lossing our money because we already already loss money on our daily needs at everyday spending. How much more if that activities like of gambling at any betting games you're involved with anf even in businesses that was doing an investments of a certain projects, like online projects will possibly loss money in a long run. Agressiveness is the reason how people losses money on any investments, and despite of a will to gain money it results to failures. One important ways that I wanted to share and for me making sure to don't lose money at all is; you must save your money at your wallet online as bitcoin ;and wait for the exact time price will increase of market price value then you will gain good profit without lossing more money.
Losing money cant really be avoided but its much worth if you lose it up with purpose rather  than losing it on useless things or even on gambling because you will surely lost a lot of money if you let yourself blinded on that addiction. Better treat gambling as an entertainment not on believing that gambling can give you more money. Yes i agree we do lose already on our daily living how much more on making investment, anything do have its own risk.
legendary
Activity: 1092
Merit: 1000
July 05, 2017, 08:44:44 AM
#47
There is already a casino that promises 0% house edge and they have started with a crowdfunding. You can also do the same, just read about how edgeless.io have started off the ground without their pocket money. That might help you...

All these casinos are running to make profits for the owners and not to distribute money to gamblers. If you understand this part then 0% house edge sites can't survive for long. They have to put some charges to users to run the show otherwise no way they can maintain any gambling site.
Agreed, the majority consideration is to gain profit. When the entire history of the win and loss is taken, only around 20% of the users could have made a winning. So this is not gonna be a success for gamblers. Very few gambling sites provide a better Winning percentage compared to the other common gambling websites.
I think that 20% is more enough if you ask me I say below 10% people only make a profit in gambling rest of all losers. That is why the gambling sites are surviving with making a huge profit, and daily we are seeing new gambling sites entering. Yes, we have very few casinos that they are a favor to players.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
July 05, 2017, 08:17:31 AM
#46
I think it's very difficult, because gambling is 50:50 bet, and it's going to be very difficult to guess when we'll win the game. Well, the greatest possibility you can guess when you do not lose your money is just on the gamble of sports, and bet the money you have on a strong team.

yes i am agree with you and since gambling is design to get peoples money, then we can not predicting when we don't lose money and when we are lose money. every games in the gambling will have big chance to lose and win and every gamblers can not guess and they only can know by playing the games.
sr. member
Activity: 315
Merit: 250
July 05, 2017, 06:42:00 AM
#45
It's hard to do that especially when you are playing gambling. Losing is always in the side of gambling and if you don't want to lose your money maybe you won't step your foot in gambling or else expect the two result. A win or lose.
legendary
Activity: 2758
Merit: 1004
PredX - AI-Powered Prediction Market
July 05, 2017, 05:28:33 AM
#44
I think it's very difficult, because gambling is 50:50 bet, and it's going to be very difficult to guess when we'll win the game. Well, the greatest possibility you can guess when you do not lose your money is just on the gamble of sports, and bet the money you have on a strong team.
hero member
Activity: 2310
Merit: 532
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
July 05, 2017, 03:49:17 AM
#43
There is already a casino that promises 0% house edge and they have started with a crowdfunding. You can also do the same, just read about how edgeless.io have started off the ground without their pocket money. That might help you...

All these casinos are running to make profits for the owners and not to distribute money to gamblers. If you understand this part then 0% house edge sites can't survive for long. They have to put some charges to users to run the show otherwise no way they can maintain any gambling site.
Agreed, the majority consideration is to gain profit. When the entire history of the win and loss is taken, only around 20% of the users could have made a winning. So this is not gonna be a success for gamblers. Very few gambling sites provide a better Winning percentage compared to the other common gambling websites.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
July 05, 2017, 03:44:08 AM
#42
There is already a casino that promises 0% house edge and they have started with a crowdfunding. You can also do the same, just read about how edgeless.io have started off the ground without their pocket money. That might help you...

All these casinos are running to make profits for the owners and not to distribute money to gamblers. If you understand this part then 0% house edge sites can't survive for long. They have to put some charges to users to run the show otherwise no way they can maintain any gambling site.
It's true, there's no casino that offers games with no house edge because it's where they take their profit and running a casino is very expensive.
Well, maybe in games like skilled based there is no house edge but I am sure somehow casinos can also make money with it, I'm not really familiar because it's not my game, I just like to play sports gambling and some luck based games online like poker and roulette.
legendary
Activity: 1456
Merit: 1023
July 05, 2017, 02:31:52 AM
#41
There is already a casino that promises 0% house edge and they have started with a crowdfunding. You can also do the same, just read about how edgeless.io have started off the ground without their pocket money. That might help you...

All these casinos are running to make profits for the owners and not to distribute money to gamblers. If you understand this part then 0% house edge sites can't survive for long. They have to put some charges to users to run the show otherwise no way they can maintain any gambling site.
sr. member
Activity: 798
Merit: 255
July 05, 2017, 02:15:32 AM
#40
How do you make sure not to lose your money, if you han went to the world of gambling, then you get yourself in the addiction on top of it, it will be difficult for you to get out and quit because you lose too much.
True, with gambling, winning and losing is part of this. When we went in gambling, we can not predict what will happen, to avoid losing too much money you better have allot experience. This way you can not control the game should know instantly you will lose all your quick-hurry up out of there or stop the game immediately Wink Wink

In gambling people lack self control and self discipline and that is the major reason behind loosing money in gambling so if you want that you should not loose money then either you can quit it after winning or else simply stay away from it which is very hard for majority of people.
That was very true guy, people are out of their selves when they are winning the game they are not even content of what they win instead they thinking that "I have to win all of that" until they only realize it when they are already lose the game. People are greedy because of money. I think the most capable thing to do to make sure you will not lose your money is to be an analyzer, analyze your card or dice. You must be very wise. Then you must know when do you quit the game for you to not lose all of your money.
hero member
Activity: 813
Merit: 507
July 05, 2017, 02:11:51 AM
#39
How do you make sure not to lose your money, if you han went to the world of gambling, then you get yourself in the addiction on top of it, it will be difficult for you to get out and quit because you lose too much.
True, with gambling, winning and losing is part of this. When we went in gambling, we can not predict what will happen, to avoid losing too much money you better have allot experience. This way you can not control the game should know instantly you will lose all your quick-hurry up out of there or stop the game immediately Wink Wink

In gambling people lack self control and self discipline and that is the major reason behind loosing money in gambling so if you want that you should not loose money then either you can quit it after winning or else simply stay away from it which is very hard for majority of people.

Did you guys even read the OP?

He is looking for ideas of a gambling site where he can offer a gamemode with 0 house edge but still dont risk any own capital which isnt possible or practical in case of pvp.
sr. member
Activity: 373
Merit: 250
July 04, 2017, 05:28:05 PM
#38
How do you make sure not to lose your money, if you han went to the world of gambling, then you get yourself in the addiction on top of it, it will be difficult for you to get out and quit because you lose too much.
True, with gambling, winning and losing is part of this. When we went in gambling, we can not predict what will happen, to avoid losing too much money you better have allot experience. This way you can not control the game should know instantly you will lose all your quick-hurry up out of there or stop the game immediately Wink Wink

In gambling people lack self control and self discipline and that is the major reason behind loosing money in gambling so if you want that you should not loose money then either you can quit it after winning or else simply stay away from it which is very hard for majority of people.
legendary
Activity: 938
Merit: 1002
July 04, 2017, 04:51:46 PM
#37
Indeed in gambling do not ever expect a victory because gambling only has a lucky capital alone, while the consequences of a gambling is certainly a defeat.
Yes exactly the overall and absolute end of gambling is a loss only, and don't just count loss of money you also lose your precious time and brain. Sometimes I feel bad for guys who are fauceting day and night to just earn a few mbtc.
The best way to avoid loss in gambling is only arbitrage betting and that too is very risky cause some sportsbook might freeze your account as arbitrage is not allowed on their platform.
sr. member
Activity: 518
Merit: 250
July 04, 2017, 03:37:28 PM
#36
How do you make sure not to lose your money, if you han went to the world of gambling, then you get yourself in the addiction on top of it, it will be difficult for you to get out and quit because you lose too much.
True, with gambling, winning and losing is part of this. When we went in gambling, we can not predict what will happen, to avoid losing too much money you better have allot experience. This way you can not control the game should know instantly you will lose all your quick-hurry up out of there or stop the game immediately Wink Wink
member
Activity: 125
Merit: 10
July 04, 2017, 01:01:10 PM
#35
Be very careful and choose thoughtfully the website where you gamble. I recommend you to read some reviews on different online casinos at https://casinodeal.co.uk and decide which one suits your preferences the best. I am sure that you will find something for you there and be able to earn some nice money from gambling. Good luck with it, guys!
hero member
Activity: 588
Merit: 500
July 04, 2017, 12:53:37 PM
#34
You will start gambling site with 0% house edge? Then how can you earn from it?
But it is your matter, otherwise, I think it will be worked because in this style of gambling at least we have no fear of total lose the money. But instead of it, we should know that gambling is gambling, we win in it only when luck work.    
hero member
Activity: 854
Merit: 500
July 04, 2017, 12:38:11 PM
#33
There is already a casino that promises 0% house edge and they have started with a crowdfunding. You can also do the same, just read about how edgeless.io have started off the ground without their pocket money. That might help you...
legendary
Activity: 3094
Merit: 1127
July 04, 2017, 06:58:12 AM
#32
I'm about to launch a "gambling" website soon which will not take any fees at all and will only live off ads/donations (not sure how well it will go, but we'll see). So the chances to double your money would actually be 50%, not a bit lower. I already have implemented a coin flip mode, where one player creates a new coin flip game and the other joins it, but I also want to create a mode which does not require a second user. For example slots or roulette, since you can play it alone and don't need to wait for a second player. One of the main reasons I want that kind of mode is that because most likely at first the website will not be frequently visited and I don't want users waiting minutes (or even hours) just to play a single game.

And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.

Anyways, I need an idea for a gamemode that a player could play by himself (WITHOUT a house advantage) without there being any other users on the website, while I wouldn't have to risk losing big money myself, because some user got lucky.

I think this is impossible, but perhaps there is some way, I've been thinking of something like "out of every $10 played, $5 will be lost", but I believe it could be abused and what if someone bets a huge amount once and wins?


So, any ideas?

When I first read it, I am like no no don't do it, relying solely on donations and ads is a very risky idea, what you could do is keep some house edge, you are targeting a player v player site, why don't you hire a developer to help you build your site. Your business model won't last long, no edge in rullete. I think you should do some heavy research and rework otherwise you shall go bust in no time.

Running one casino website is not a small job mate, before risking your money first learn how to get back your investment. And how much time it will take to get back with this idea. I think your most of the ideas will not help you to make money. And the idea is new, but it will work out or not I am not sure. Already many people suggested you make changes in your plans. After correcting those mistakes, you start your business. 
Its really hard to start up a new gambling/casino site and there are lots of thing to be mind of like on how you profit but you would still need first on how you do market your site for it to be popular and would potentialy generate income but not having an house edge is really difficult because you are only getting profits on this matter.
legendary
Activity: 1316
Merit: 1011
July 04, 2017, 06:04:57 AM
#31
I'm about to launch a "gambling" website soon which will not take any fees at all and will only live off ads/donations (not sure how well it will go, but we'll see). So the chances to double your money would actually be 50%, not a bit lower. I already have implemented a coin flip mode, where one player creates a new coin flip game and the other joins it, but I also want to create a mode which does not require a second user. For example slots or roulette, since you can play it alone and don't need to wait for a second player. One of the main reasons I want that kind of mode is that because most likely at first the website will not be frequently visited and I don't want users waiting minutes (or even hours) just to play a single game.

And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.

Anyways, I need an idea for a gamemode that a player could play by himself (WITHOUT a house advantage) without there being any other users on the website, while I wouldn't have to risk losing big money myself, because some user got lucky.

I think this is impossible, but perhaps there is some way, I've been thinking of something like "out of every $10 played, $5 will be lost", but I believe it could be abused and what if someone bets a huge amount once and wins?


So, any ideas?

When I first read it, I am like no no don't do it, relying solely on donations and ads is a very risky idea, what you could do is keep some house edge, you are targeting a player v player site, why don't you hire a developer to help you build your site. Your business model won't last long, no edge in rullete. I think you should do some heavy research and rework otherwise you shall go bust in no time.

Running one casino website is not a small job mate, before risking your money first learn how to get back your investment. And how much time it will take to get back with this idea. I think your most of the ideas will not help you to make money. And the idea is new, but it will work out or not I am not sure. Already many people suggested you make changes in your plans. After correcting those mistakes, you start your business. 
hero member
Activity: 813
Merit: 507
July 04, 2017, 04:32:43 AM
#30
I'm about to launch a "gambling" website soon which will not take any fees at all and will only live off ads/donations (not sure how well it will go, but we'll see). So the chances to double your money would actually be 50%, not a bit lower. I already have implemented a coin flip mode, where one player creates a new coin flip game and the other joins it, but I also want to create a mode which does not require a second user. For example slots or roulette, since you can play it alone and don't need to wait for a second player. One of the main reasons I want that kind of mode is that because most likely at first the website will not be frequently visited and I don't want users waiting minutes (or even hours) just to play a single game.

And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.

Anyways, I need an idea for a gamemode that a player could play by himself (WITHOUT a house advantage) without there being any other users on the website, while I wouldn't have to risk losing big money myself, because some user got lucky.

I think this is impossible, but perhaps there is some way, I've been thinking of something like "out of every $10 played, $5 will be lost", but I believe it could be abused and what if someone bets a huge amount once and wins?


So, any ideas?

There is no way for a gambling site not to charge anything at all because even the gamblers won't trust that site and I want to know the amount of ads that will be enough to pay the bills from hosting to security down to administrators considering that its an upcoming site in which the traffic won't be high enough to generate the right set of ads to pay enough. Relying on donations will be another worse of situation because that will only occur from 1 out of say 30 winners. The way to go is to reduce the house edge to the minimum.

Like 999dice but most gamblers dont trust them as well.

Dont know if there is any real scam proof but 0.1 house edge (or 0.05 without the referral commision) is very suspicious by the look of their earnings.
hero member
Activity: 924
Merit: 500
July 04, 2017, 04:21:33 AM
#29
I'm about to launch a "gambling" website soon which will not take any fees at all and will only live off ads/donations (not sure how well it will go, but we'll see). So the chances to double your money would actually be 50%, not a bit lower. I already have implemented a coin flip mode, where one player creates a new coin flip game and the other joins it, but I also want to create a mode which does not require a second user. For example slots or roulette, since you can play it alone and don't need to wait for a second player. One of the main reasons I want that kind of mode is that because most likely at first the website will not be frequently visited and I don't want users waiting minutes (or even hours) just to play a single game.

And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.

Anyways, I need an idea for a gamemode that a player could play by himself (WITHOUT a house advantage) without there being any other users on the website, while I wouldn't have to risk losing big money myself, because some user got lucky.

I think this is impossible, but perhaps there is some way, I've been thinking of something like "out of every $10 played, $5 will be lost", but I believe it could be abused and what if someone bets a huge amount once and wins?


So, any ideas?

There is no way for a gambling site not to charge anything at all because even the gamblers won't trust that site and I want to know the amount of ads that will be enough to pay the bills from hosting to security down to administrators considering that its an upcoming site in which the traffic won't be high enough to generate the right set of ads to pay enough. Relying on donations will be another worse of situation because that will only occur from 1 out of say 30 winners. The way to go is to reduce the house edge to the minimum.

I agree, as much as we all want a free gambling aite. People would get cautious about it and the money from ads would jot be able to keep up with the fees for its domain and security furthermore if it would be a great hit much more money would be needed to keep the site afloat. Donations would be viewed as scam and people would then not go to your gambling site so it can be a catch 42
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