Is Gambling a scam - page 5. | Bitcointalksearch.org

Dewi Aries

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Quote from: Hispo on February 01, 2025, 10:07:32 AM

Quote from: LUCKMCFLY on February 01, 2025, 08:28:48 AM

Well what happens is that many times greed gets into people as if it were the last thing they have to do, it's as if the world was going to end, if they don't win the maximum they are not in tune, in fact that happened to me a lot with dice when I was a newbie, and the losses they had were considerable, of course I had no concept on how to bet, advice on how to do it, I only thought about multiplying the balance, most of the players go through those stages, and when we understand a little more, the control is based on the money that we must lose, the maximum winnings are difficult because if it is met you do not stop, and sometimes you can be very close to that value and by looking for it you can lose everything, that has happened to me too.

I believe it has happened to pretty much everyone.
And obviously, it is something (as a phenomenon) which is very beneficial for casinos, because greed always plays on the house's side. Only those who are able to have self-control can have a profitable experience in the short term within casinos, long term is a completely different story, though.
Also, it is kind of interesting how an considerable amount of people I have encountered on the internet have hadr their first gambling experiences with dices and it is the game on which they first lost considerable percentage of their money.
I assume it is because dices are a fast-paced and easy to understand casino game, in which one has some control on risk, it is kind of different in that aspect if you look at other casino games like crash or slots.

Exactly, and that is the reason why greed is something that is often prohibited in gambling, I understand that it does not mean that it is impossible for you to get a big win but the problem here is that there is really no certainty and guarantee that you will be able to win when you apply greed and in most cases it has been proven that the majority of gamblers actually end up losing all their winnings which means what you said is true that greed is something that will only benefit the casino and not the gamblers. Basically, dice is a type of game that falls into the category of random systems, like slot machines and yes I am sure that there are quite a lot of beginners who are trapped in the increase in dopamine due to this game which ultimately makes them aggressive gamblers, therefore when we are involved in this type of random game then caution is something that must be applied by a gambler.

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Quote from: GigaBit on January 26, 2025, 01:36:04 PM

Quote from: ethereumhunter on January 26, 2025, 01:21:09 AM

Quote from: Fredomago on January 25, 2025, 11:58:50 AM

That frustration leads them to lose more, getting the point of gambling it's more on risk and small part of luck, expect that there are many gamblers that will experienced loses while few might win and change their lifestyle, a reputation is very important as you mentioned it you'll risk more when using unknown casino as you don't have any securities once the casino decided to scam you.

It will be like that if they still chase the win without thinks that gambling is just part of their activity that they don't have to use it too often. They can not accept what happen to them in gambling so that makes them difficult to understand that gambling is not a scam. But if they choose unknown casino without research, their risk to get scam will be bigger because whether if they win or lose, they will get scam without takes too long. So it is why we must research to find the casino and will not consider that gambling is a scam.

Gambling can never be a scam. Because they do not cheat with the users. However, there is no way to say that all gambling sites will be the same. If many new sites cheat, it may be a scam for that specific site but it is not the same for everyone. Those who have fallen victim to such scams can definitely be cheated by any site. They should definitely observe well before choosing any site. Winning in gambling is not easy but if after winning and have to fall victim to a scam then it is even more painful. That is why it is better to choose the top sites with importance before betting. Especially the sites which provide their services worldwide.

People who are active on the forum can't fall victims to scam sites except if they haven't been paying attention. In the gambling discussion posts are been made about legit casinos and bookies to use so I don't see any reason why someone would be naive to fall for any of that. You are right, using a site that's known globally is a good idea, some gamblers just come across a new site or casino perhaps they get enticed by the bonus they see on their adverts. After depositing most of them can't even withdraw their wins, a lot of people have been scammed through this means.

Hispo

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Quote from: LUCKMCFLY on February 01, 2025, 08:28:48 AM

Quote from: Hispo on January 30, 2025, 11:44:15 AM

It reminds me the concept of maximum losses and minimum winnings/earning from gambling. Usually, when people walk into a casino, they have a very good picture of how much money they are willing to lose before logging out and calling it a day, but nobody thinks about maximum earnings or maximum profits before logging out and withdrawing all that money for ones enjoyment.
People put 1$ at stake and manage to double it rolling dices (a X2 multiplier), that is already a very good situation, but they do not settle for it and continue to gamble hoping to hit a jackpot and change their life with an initial deposit of 1$.
That is a bad and dangerous mindset to keep, one which will likely lead such a gambler to bankruptcy in a relatively short period of time.

My personal ceiling these days is around x1.30, if I get that out of my gambling budget, then I withdraw it all and call it a day.

Well what happens is that many times greed gets into people as if it were the last thing they have to do, it's as if the world was going to end, if they don't win the maximum they are not in tune, in fact that happened to me a lot with dice when I was a newbie, and the losses they had were considerable, of course I had no concept on how to bet, advice on how to do it, I only thought about multiplying the balance, most of the players go through those stages, and when we understand a little more, the control is based on the money that we must lose, the maximum winnings are difficult because if it is met you do not stop, and sometimes you can be very close to that value and by looking for it you can lose everything, that has happened to me too.

I believe it has happened to pretty much everyone.
And obviously, it is something (as a phenomenon) which is very beneficial for casinos, because greed always plays on the house's side. Only those who are able to have self-control can have a profitable experience in the short term within casinos, long term is a completely different story, though.
Also, it is kind of interesting how an considerable amount of people I have encountered on the internet have hadr their first gambling experiences with dices and it is the game on which they first lost considerable percentage of their money.
I assume it is because dices are a fast-paced and easy to understand casino game, in which one has some control on risk, it is kind of different in that aspect if you look at other casino games like crash or slots.

LUCKMCFLY

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Quote from: Hispo on January 30, 2025, 11:44:15 AM

It reminds me the concept of maximum losses and minimum winnings/earning from gambling. Usually, when people walk into a casino, they have a very good picture of how much money they are willing to lose before logging out and calling it a day, but nobody thinks about maximum earnings or maximum profits before logging out and withdrawing all that money for ones enjoyment.
People put 1$ at stake and manage to double it rolling dices (a X2 multiplier), that is already a very good situation, but they do not settle for it and continue to gamble hoping to hit a jackpot and change their life with an initial deposit of 1$.
That is a bad and dangerous mindset to keep, one which will likely lead such a gambler to bankruptcy in a relatively short period of time.

My personal ceiling these days is around x1.30, if I get that out of my gambling budget, then I withdraw it all and call it a day.

Well what happens is that many times greed gets into people as if it were the last thing they have to do, it's as if the world was going to end, if they don't win the maximum they are not in tune, in fact that happened to me a lot with dice when I was a newbie, and the losses they had were considerable, of course I had no concept on how to bet, advice on how to do it, I only thought about multiplying the balance, most of the players go through those stages, and when we understand a little more, the control is based on the money that we must lose, the maximum winnings are difficult because if it is met you do not stop, and sometimes you can be very close to that value and by looking for it you can lose everything, that has happened to me too.

Jody.Drummer

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Quote from: EarnOnVictor on January 31, 2025, 03:00:22 PM

Quote from: Agbe on January 30, 2025, 01:40:57 PM

Yes, a gambler must know that there is risk in gambling so if anyone gambler left gambling because of losing then he is not a god gambler. And experience gambler can only control his gambling habit and limit the amount so he can manage the gambling lose. And the things to do to control oneself from arbitrary gambling. And self-control is the most important thing to do as a gambler and if any gambler can't control himself then he has gone out of the gambling rules. The general rules of gambling is. Gamble responsible so the he will not be indebted in gambling and set a limit for himself so he won't gamble excess.

I don't know why some people do not face reality but like to label things bad simply because they can't hack it to benefit from it. Losing is inevitable in risky activities, so gambling can't be an exception, we need preparation. But for those who can tell themselves the truth and plan well for it, they will surely be overcome, not that they will not lose but will not be much to the point of ruining their finances and mental state.

More clearly their own expectations and the reality that occurred was not like the expectations they wanted until then the conclusion they took was to consider themselves disadvantaged, in my opinion this is a natural thing because indeed everyone must have experienced this but over time they might be able to see the truth for themselves by not claiming that they feel disadvantaged or cheated, sometimes I think those who claim to have been cheated by the casino are those who have excessive expectations in gambling such as thinking that they will be able to get rich easily by winning. In gambling I agree to say that losses in the form of defeat are something that cannot be avoided, and indeed anyone who gambles will not be able to keep themselves from experiencing defeat or loss. Our own response will determine what the future will be like with the defeat or loss that will occur at any time, if we respond wrongly to this then what can happen is something even worse, it all depends on ourselves.

Dewi Aries

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Quote from: EarnOnVictor on January 31, 2025, 03:00:22 PM

Quote from: Agbe on January 30, 2025, 01:40:57 PM

Yes, a gambler must know that there is risk in gambling so if anyone gambler left gambling because of losing then he is not a god gambler. And experience gambler can only control his gambling habit and limit the amount so he can manage the gambling lose. And the things to do to control oneself from arbitrary gambling. And self-control is the most important thing to do as a gambler and if any gambler can't control himself then he has gone out of the gambling rules. The general rules of gambling is. Gamble responsible so the he will not be indebted in gambling and set a limit for himself so he won't gamble excess.

I don't know why some people do not face reality but like to label things bad simply because they can't hack it to benefit from it. Losing is inevitable in risky activities, so gambling can't be an exception, we need preparation. But for those who can tell themselves the truth and plan well for it, they will surely be overcome, not that they will not lose but will not be much to the point of ruining their finances and mental state.

You are right that defeat can never be avoided in risky activities because from the start it is clear that gambling is a risky activity which means there is something unwanted that will definitely be experienced by someone when involved in it but you can't do anything but accept it and that is the reason why being a responsible gambler is always recommended and is a mandatory skill that must be possessed by a gambler.

I understand what you mean at the bottom of your idea that those who are okay even though they are involved in gambling are those gamblers who know, understand and are fully aware of what and how gambling really is, what is meant by "okay" here is not that they will not experience defeat at all but their understanding will always be able to keep them away from a much worse situation.

EarnOnVictor

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Quote from: Agbe on January 30, 2025, 01:40:57 PM

Quote from: AirtelBuzz on January 30, 2025, 11:30:46 AM

Quote from: Jewan420 on January 30, 2025, 11:16:22 AM

Quitting when losing is the most difficult task for a gambler. Emotional control is what proves a gambler whether he is an experienced gambler or an inexperienced gambler. Outside the gambling table, most gamblers are seen as confident in their emotional control. If you think someone is an experienced gambler by seeing someone's overconfidence outside the gambling table, then you will be wrong. Because, the person who can control himself at the gambling table is basically an experienced gambler. If you can quit even during a losing streak at the gambling table, then it will be wrong to call you an experienced gambler.

Yes, a gambler never wants to give up easily, even if he loses they want to win their gambling. That's why it's so important to have self-control when gambling, as those who gamble emotionally are the ones who end up losing the most money. Because at one time, the gamble is more greedy in it, so he is constantly gambling. On the other hand, when a person loses in gambling, he thinks that he may win again in gambling. So in this case, if greed is controlled, then maybe we will not lose much money from gambling. Experienced gamblers always gambling according to their own control, that is, their gambling techniques are different.

Yes, a gambler must know that there is risk in gambling so if anyone gambler left gambling because of losing then he is not a god gambler. And experience gambler can only control his gambling habit and limit the amount so he can manage the gambling lose. And the things to do to control oneself from arbitrary gambling. And self-control is the most important thing to do as a gambler and if any gambler can't control himself then he has gone out of the gambling rules. The general rules of gambling is. Gamble responsible so the he will not be indebted in gambling and set a limit for himself so he won't gamble excess.

I don't know why some people do not face reality but like to label things bad simply because they can't hack it to benefit from it. Losing is inevitable in risky activities, so gambling can't be an exception, we need preparation. But for those who can tell themselves the truth and plan well for it, they will surely be overcome, not that they will not lose but will not be much to the point of ruining their finances and mental state.

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Quote from: Onyeeze on January 30, 2025, 05:30:18 PM

Gambling is a games of trial and I believe that if we don't understand gambling we will say gambling is a scam

Yes, people who don't understand how gambling works will call it a scam, because they lack basic information about house edge, so they don't know the casino has a small advantage over gamblers on every placed bets. Even though it's not a game where you play with equal chances against the house, it's not a scam, because gamblers must know about this fact before gambling. Unfortunatelly many gamblers nowadays don't know about it for two reasons.

First, because current casinos of our time don't bother explaining and exposing how their mechanisms work to their userbase. I remember when we accessed crypto casinos years ago, the first thing they stated on their front page was the house edge of the platform. Now you have to make a deep research in order to find this information.

Second, because gamblers don't educate themselves about gambling. They just want to deposit money, place bets and make huge profit to boost their finances overnight. If they were diligent, they would seek for most information as possible, reviews and hints from experience gamblers before risking considerable sums of money.

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Quote from: Sonia_123 on January 30, 2025, 04:59:07 PM

Gambling is no scam because you are aware of what you are doing or game you are playing, in as much as there is an agreement by the two individuals or groups before starting the game or bet it is not. But when you say scam ,the person is not aware of your intention .
Gambling is a game of try your luck ,a game of chance if you can win to make more money or valuables for yourself, getting rich quick.

Gambling cannot make anyone get rich quick because it's a game of chance. However, there are few persons that was able to hit the jackpot but most of them don't use to be satisfied with such a big amount. For that reason, they will continue gambling and hope to win more but will later end up gambling back all the money to the casino. Nothing is scam in gambling, only if you use a scam casino.

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Quote from: zuzie on January 31, 2025, 09:58:29 AM

Quote from: bettercrypto on January 30, 2025, 09:42:52 AM

If we do not really implement self-control in gambling, it is certain that in the end when they lose, these gamblers will say that gambling is a scam type of business. But if you are a responsible player in a casino, you will not say this for sure.

Then if we are not careful in a casino that we choose to play at, for sure in the end we will lose and regret it, so we should still be careful as gamblers.

True, that way gamblers can control their emotions when they lose by being equipped with strong self-control within themselves. Indeed, not all gamblers can control themselves when playing gambling because every session of temptation is so great that gamblers are unable to resist and overcome it well. In fact, it is the opposite when gamblers also have a sense of responsibility, they play carefully in every playing session with a good goal, namely preventing big losses and considering gambling for entertainment only.

Responsibility and self-control are something that a gambler will automatically have in themselves when they know, understand and realize what and how gambling really is, so it can be said that for all actions and planning that lead to prevention such as those limits will only be owned by a gambler who already knows everything from the start.
On the other hand, as we know, it is often difficult to tell and give advice to gamblers, especially about various things that lead to prevention such as limits on the amount of money bet, for example, well that means that they are actually gamblers who do not understand in general what and how gambling really is, so it's actually quite simple.

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Quote from: bettercrypto on January 30, 2025, 09:42:52 AM

If we do not really implement self-control in gambling, it is certain that in the end when they lose, these gamblers will say that gambling is a scam type of business. But if you are a responsible player in a casino, you will not say this for sure.

Then if we are not careful in a casino that we choose to play at, for sure in the end we will lose and regret it, so we should still be careful as gamblers.

True, that way gamblers can control their emotions when they lose by being equipped with strong self-control within themselves. Indeed, not all gamblers can control themselves when playing gambling because every session of temptation is so great that gamblers are unable to resist and overcome it well. In fact, it is the opposite when gamblers also have a sense of responsibility, they play carefully in every playing session with a good goal, namely preventing big losses and considering gambling for entertainment only.

Dewi Aries

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I think that no matter what and whenever gambling can never be called fraud if what you are questioning here is about the results you get, especially for example because you lose, the reason is because from the start it is clear that gambling is about winning and losing and also there is absolutely no way or indication at the beginning that tells you that you will win at the end of the game, meaning everything will always be abstract.

So when for example you lose, it is not fraud but because you are just far from what is called luck, and vice versa when for example you win, it does not mean you are great or you have a way that can lead you to victory but because at that time you were nothing more than just lucky, the idea of fraud will only be possible if we talk outside of the problem of the results.

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Quote from: Sonia_123 on January 30, 2025, 04:59:07 PM

Gambling is no scam because you are aware of what you are doing or game you are playing, in as much as there is an agreement by the two individuals or groups before starting the game or bet it is not. But when you say scam ,the person is not aware of your intention .
Gambling is a game of try your luck ,a game of chance if you can win to make more money or valuables for yourself, getting rich quick.

Gambling is a games of trial and I believe that if we don't understand gambling we will say gambling is a scam, secondly when you fail to understand gambling site we will think that is a scam, what i will like to advice people is that before they go into gambling they should try to verify the website, to know if the website is a real gambling website or is a gambling website that their interest is to scam people, theirs some gambling website which what they had in mind to operate is to scam people, maybe people will use such gambling websites that is scam to qualify others thinking that gambling is a scam why gambling is not a scam

Sonia_123

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Gambling is no scam because you are aware of what you are doing or game you are playing, in as much as there is an agreement by the two individuals or groups before starting the game or bet it is not. But when you say scam ,the person is not aware of your intention .
Gambling is a game of try your luck ,a game of chance if you can win to make more money or valuables for yourself, getting rich quick.

Lucasgabd

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There's no need to be upset

Quote from: Lidger on January 30, 2025, 07:15:38 AM

Quote from: Lucasgabd on January 29, 2025, 10:43:04 AM

the thing is that we often forget that we won't hear about the stories of those who fail
it's way more common for those who hit significant wins to share their stories out of pride than someone that loses it all sharing their story because they'll be ashamed

it happens a lot on gambling
it's a mix of luck and skill but more than 50% of the skill is risk management

I myself believe this and I myself apply the same in my real life. One must depend on luck but I prefer to depend on my own skill rather than luck. If I talk about sports betting then no gambler can say that this sports betting depends on luck. Any one of the two teams will win and the team that wins will not win based on luck but their win will depend on their performance. Now if a gambler can't tell the difference between the two teams I think they will lose most of the matches they bet on. Everyone has their own strategy of gambling or betting but those who rely on others or follow others in gambling have nothing to gain in gambling and are more likely to lose. If anything can be done by applying one's own skill, then the result of that work must not be possible for us.

this is the way to go!
skill is under your control, luck is not completely up to you
you can find ways to raise your luck, you can respect the luck that appears and use it in your favor
but you can't properly control it the same way you can do it with skill

what are the main things you do to raise you skill on things?

for me it is reading, practicing things, keeping an open mind, studying and talking to people that have the experience on the fields I'm interested in

Agbe

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Quote from: AirtelBuzz on January 30, 2025, 11:30:46 AM

Quote from: Jewan420 on January 30, 2025, 11:16:22 AM

Quitting when losing is the most difficult task for a gambler. Emotional control is what proves a gambler whether he is an experienced gambler or an inexperienced gambler. Outside the gambling table, most gamblers are seen as confident in their emotional control. If you think someone is an experienced gambler by seeing someone's overconfidence outside the gambling table, then you will be wrong. Because, the person who can control himself at the gambling table is basically an experienced gambler. If you can quit even during a losing streak at the gambling table, then it will be wrong to call you an experienced gambler.

Yes, a gambler never wants to give up easily, even if he loses they want to win their gambling. That's why it's so important to have self-control when gambling, as those who gamble emotionally are the ones who end up losing the most money. Because at one time, the gamble is more greedy in it, so he is constantly gambling. On the other hand, when a person loses in gambling, he thinks that he may win again in gambling. So in this case, if greed is controlled, then maybe we will not lose much money from gambling. Experienced gamblers always gambling according to their own control, that is, their gambling techniques are different.

Yes, a gambler must know that there is risk in gambling so if anyone gambler left gambling because of losing then he is not a god gambler. And experience gambler can only control his gambling habit and limit the amount so he can manage the gambling lose. And the things to do to control oneself from arbitrary gambling. And self-control is the most important thing to do as a gambler and if any gambler can't control himself then he has gone out of the gambling rules. The general rules of gambling is. Gamble responsible so the he will not be indebted in gambling and set a limit for himself so he won't gamble excess.

Hispo

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Quote from: LUCKMCFLY on January 30, 2025, 10:20:08 AM

Quote from: Lucasgabd on January 29, 2025, 10:43:04 AM

it happens a lot on gambling
it's a mix of luck and skill but more than 50% of the skill is risk management

I totally agree with that motion, in fact when we start to see, the most important thing when we enter a casino is the money, the casino does not hesitate to take what corresponds to it, if we risk 1 dollar and the casino gives 0.01usd, the casino takes it, we must be the same, even if the profit is very minimal we must take it, not risk more than Necessary and only risk what we are willing to lose, the rest we can leave to luck and particular skills.

It reminds me the concept of maximum losses and minimum winnings/earning from gambling. Usually, when people walk into a casino, they have a very good picture of how much money they are willing to lose before logging out and calling it a day, but nobody thinks about maximum earnings or maximum profits before logging out and withdrawing all that money for ones enjoyment.
People put 1$ at stake and manage to double it rolling dices (a X2 multiplier), that is already a very good situation, but they do not settle for it and continue to gamble hoping to hit a jackpot and change their life with an initial deposit of 1$.
That is a bad and dangerous mindset to keep, one which will likely lead such a gambler to bankruptcy in a relatively short period of time.

My personal ceiling these days is around x1.30, if I get that out of my gambling budget, then I withdraw it all and call it a day.

Fivestar4everMVP

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Quote from: AirtelBuzz on January 30, 2025, 11:30:46 AM

Quote from: Jewan420 on January 30, 2025, 11:16:22 AM

Quitting when losing is the most difficult task for a gambler. Emotional control is what proves a gambler whether he is an experienced gambler or an inexperienced gambler. Outside the gambling table, most gamblers are seen as confident in their emotional control. If you think someone is an experienced gambler by seeing someone's overconfidence outside the gambling table, then you will be wrong. Because, the person who can control himself at the gambling table is basically an experienced gambler. If you can quit even during a losing streak at the gambling table, then it will be wrong to call you an experienced gambler.

Yes, a gambler does not want to give up easily when losing, they want to win their gambling. That's why it's so important to have self-control when gambling, as those who gamble emotionally are the ones who end up losing the most money. Because at one time, the gamble is more greedy in it, so he is constantly gambling. On the other hand, when a person loses in gambling, he thinks that he may win again in gambling. So in this case, if greed is controlled, then maybe we will not lose much money from gambling. Experienced gamblers always gambling according to their own control, that is, their gambling techniques are different.

Many of us tend to really misinterprete what greed is all about in gambling, being greedy as a gambler does not necessarily have anything to do with how much or often a gambler wins his or her games or loses it, it has more to do with we being able to manage our money in a way that it doesn't throw us into financial difficulties/mess.

It's like someone gambling and winning $100 while his or her aim was to win maybe $1000, instead of him or her to take the $100 and walk away, and maybe come back next time to try again, he or she continues to gamble until the $100 is completely lost back to the casino, and he or she also continues to gamble since he or she will want to atleast win the $100 back, until he or she end up losing the entire capital leaving him or her with an empty bankroll, this is often what greed causes us when we can not or unable to put it under control.

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Quote from: Jewan420 on January 30, 2025, 11:16:22 AM

Quitting when losing is the most difficult task for a gambler. Emotional control is what proves a gambler whether he is an experienced gambler or an inexperienced gambler. Outside the gambling table, most gamblers are seen as confident in their emotional control. If you think someone is an experienced gambler by seeing someone's overconfidence outside the gambling table, then you will be wrong. Because, the person who can control himself at the gambling table is basically an experienced gambler. If you can quit even during a losing streak at the gambling table, then it will be wrong to call you an experienced gambler.

Yes, a gambler never wants to give up easily, even if he loses they want to win their gambling. That's why it's so important to have self-control when gambling, as those who gamble emotionally are the ones who end up losing the most money. Because at one time, the gamble is more greedy in it, so he is constantly gambling. On the other hand, when a person loses in gambling, he thinks that he may win again in gambling. So in this case, if greed is controlled, then maybe we will not lose much money from gambling. Experienced gamblers always gambling according to their own control, that is, their gambling techniques are different.

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Quote from: rachael9385 on January 30, 2025, 11:01:33 AM

Although nowadays we also hear those that have lost a lot of money on gamble. Anyway it's only when the lost is big that they might cry out their lose before others know. From what I have observe, it's only when the gambler have made up his mind to win big money and constantly chase losses that they lose on gamble. Actually, when one noticed he's on a losing streak it's best for them to quit for awhile.

Quitting when losing is the most difficult task for a gambler. Emotional control is what proves a gambler whether he is an experienced gambler or an inexperienced gambler. Outside the gambling table, most gamblers are seen as confident in their emotional control. If you think someone is an experienced gambler by seeing someone's overconfidence outside the gambling table, then you will be wrong. Because, the person who can control himself at the gambling table is basically an experienced gambler. If you can quit even during a losing streak at the gambling table, then it will be wrong to call you an experienced gambler.

Topic: Is Gambling a scam - page 5. (Read 5708 times)