Limited escrow service for building self discipline. - page 3.

Oilacris

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Quote from: stomachgrowls on July 14, 2020, 04:53:48 PM

Quote from: CryCrptoCry on July 14, 2020, 04:18:00 AM

I have thought of an interesting concept which can help you out to control your gambling losses and most importantly to secure your winnings in a more sensible manner.
As poker player (with decent tournament record), crypto trader and occasional dice and slot gambler for almost 5 years I can assure you that single most important thing which can help you out in the long run is bankroll management. Although BRM is a combination of different skills but keeping your calm during loses by quitting for sometime is most important skill to master as it gives you time to reflect upon what you are doing wrong which led you to become more mature player.
It is easy to loose your mind and play outside of your bank roll in the heat of the moment. To prevent this up to some extent I propose a limited gambling escrow fund held by prestigious members of this wonderful forum.
How this will work ?
So suppose you have won a big tourney in poker or concluded a big profit trade, or accidentally (I use this word knowingly) won jackpot in slots/dice. Now what you need to do is to transfer your majority of winnings to the escrow immediately (and keep your self your normal playing bankroll). Now the escrow will have to release a certain amount of fund from your deposit to you on weekly or monthly bases. This will help you to remain under your bank roll greatly because after you loose your normal bankroll you have to wait for your next payment which will take some days. By doing this you have more time to introspect which is always good.
I urge learned members of this wonderful forum to ponder upon this and give some suggestions to improve this.

The idea is somehow good but i dont have that kind of level of confidence when it comes on sending out my winnings or even storing up my money pending out on a certain escrow(no matter how reputable or trustable it is)

Im not really not just too confident for that matter and instead on having that peace of mind then you would really be minding or stressing up yourself that you do know that you have some funds that is outside of your control.

I would rather prefer on losing my money in my own hands via gambling rather than letting others handle out my gambling fund capital or the winnings.

Same thing that had in mind!
Its not really that necessary to use up these escrows just to limit out yourself to play since you can do it on your own without the need of service of others.
Also you should consider that theres a fee on using up their service then thats an add up on the expense.You can remove all of those if you can simply
just hold up your own money but we know that each person do have its own level of discipline, maybe some people do see this as a good idea but for people
who do had this control will find this useless.

serjent05

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A nice concept but I believe it won't be used by players who are too hooked in gambling or players that have self-discipline unless being implemented on the casino they are playing automatically. I don't find it helpful to put my bankroll funds to third party. It is not a matter of trust but the matter of delay itself which the concept actually wanted to implement to prevent players to spend too much. Besides, it will never be attractive if not coupled with bonuses and staking.

Quote from: stomachgrowls on July 14, 2020, 04:53:48 PM

I would rather prefer on losing my money in my own hands via gambling rather than letting others handle out my gambling fund capital or the winnings.

Same thought here.

stomachgrowls

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Quote from: CryCrptoCry on July 14, 2020, 04:18:00 AM

I have thought of an interesting concept which can help you out to control your gambling losses and most importantly to secure your winnings in a more sensible manner.
As poker player (with decent tournament record), crypto trader and occasional dice and slot gambler for almost 5 years I can assure you that single most important thing which can help you out in the long run is bankroll management. Although BRM is a combination of different skills but keeping your calm during loses by quitting for sometime is most important skill to master as it gives you time to reflect upon what you are doing wrong which led you to become more mature player.
It is easy to loose your mind and play outside of your bank roll in the heat of the moment. To prevent this up to some extent I propose a limited gambling escrow fund held by prestigious members of this wonderful forum.
How this will work ?
So suppose you have won a big tourney in poker or concluded a big profit trade, or accidentally (I use this word knowingly) won jackpot in slots/dice. Now what you need to do is to transfer your majority of winnings to the escrow immediately (and keep your self your normal playing bankroll). Now the escrow will have to release a certain amount of fund from your deposit to you on weekly or monthly bases. This will help you to remain under your bank roll greatly because after you loose your normal bankroll you have to wait for your next payment which will take some days. By doing this you have more time to introspect which is always good.
I urge learned members of this wonderful forum to ponder upon this and give some suggestions to improve this.

The idea is somehow good but i dont have that kind of level of confidence when it comes on sending out my winnings or even storing up my money pending out on a certain escrow(no matter how reputable or trustable it is)

Im not really not just too confident for that matter and instead on having that peace of mind then you would really be minding or stressing up yourself that you do know that you have some funds that is outside of your control.

I would rather prefer on losing my money in my own hands via gambling rather than letting others handle out my gambling fund capital or the winnings.

DarkDays

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Definitely a good idea, while I have seen several people rack in incredible profits from gambling, I've also seen a similar number of people get rekt.

From what I've seen, practically every single one of the ones that got rekt did so because they couldn't properly manage their money. They'd gamble too often, too much, and make risky bets to recoup their earlier losses—and then end up further in the red.

Simply creating an account-based limit isn't enough, considering it's trivially easy to just a second account.

There needs to be a direct service like this that holds the players accountable, and provides no means to circumvent the system. Needs to be somebody extremely trustworthy though, and I'm not sure anybody would actually pay for the service, which makes it a tough sell for most people.

CryCrptoCry

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Quote from: Timelord2067 on July 14, 2020, 01:15:11 PM

If you read any of the threads recommending proven escrows, you will read numerous stories of persons wanting to establish themselves as escrows.

They are all told that they need to establish themselves as trusted members of the Forum before entering into the escrow business.

The OP CryCrptoCry does not appear to have conducted any trusted transactions here and only has one piece of feedback:

which is not a stellar start to their career.

Ordinarily I would not recommend anyone pass their winnings in the heat of the moment to a third person immediately after a win and I certainly wouldn't recommend anyone use this person as a bank until they prove themselves here.

Thanks for pointing out my only feedback. Did you actually went through my post ? Where exactly I present my self as escrow ? This is the gambling discussion forum and I have shared a concept to ponder upon by learned members that is it.
By the way the only feedback is because of fucking 5 dollars, and I did the review but since there was no time frame, Yahoo left a neg within 36 hrs. He is a very reputed member here and I have no hard feelings but IMHO he could have waited for sometime at least.
Any way I contacted him urging him to reconsider his feedback which I am glad he did.

Timelord2067

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If you read any of the threads recommending proven escrows, you will read numerous stories of persons wanting to establish themselves as escrows.

They are all told that they need to establish themselves as trusted members of the Forum before entering into the escrow business.

The OP CryCrptoCry does not appear to have conducted any trusted transactions here and only has one piece of feedback:

which is not a stellar start to their career.

Ordinarily I would not recommend anyone pass their winnings in the heat of the moment to a third person immediately after a win and I certainly wouldn't recommend anyone use this person as a bank until they prove themselves here.

dothebeats

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Involving a third-party for one's problems regarding bankroll management and self-control isn't really good. Also, even if one platform limit your max bet for a single day (which I think most platforms would gladly ignore to implement), the gambler could just hop from one platform to another, effectively evading betting restrictions on one platform and just proceeding to bet on another. There isn't a third-party solution to self-control, unless the said third-party is allowed to do anything to prevent the person in question from doing different actions to gamble.

ralle14

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Quote from: acroman08 on July 14, 2020, 07:47:20 AM

is there a crypto gambling site that currently offers this kind of service?

There's none afaik, the closest you could get from spending way too much is to self exclude but that won't help since it's easy to create an account with other sites.

Quote from: rhomelmabini on July 14, 2020, 08:23:09 AM

Escrows here may not into gambling but if their service is used I think they'll do it. I don't think the list of escrows on that thread will ruin their reputation and if I were the up into the challenge I'd hire the trusted and active user. Well, yeah as I propose it's better if we are the one who'll control our urges to gamble rather some intermediaries who meddle on our way to discipline ourselves. They might do the trick but I guess it's not for long.

I agree there's always some escrows willing to do it as long as certain conditions are met and I remember seeing a few gamblers do it before but it's scary if they suddenly became inactive.

One solid alternative to limited escrows would be using timelock to force your Bitcoins to confirm at a specific time and once it's done there's no turning back.

harizen

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You already mentioned the reason why this escrow thing won't be effective in the long-run.

Once a gambler experienced winning big, you won't take that feeling away from him for a lifetime. Meaning, a gambler will always come back to somehow take chances again on that pot. Once that funds that supposed to be used only in gambling depleted, the chance of wrecking the terms with the said escrow is always possible.

It's better for me to just allow the gambler to control the funds on their own. In that way, they can test how disciplined they are in managing their bankroll and winnings.

smyslov

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It's a good idea we have this thinking when gambling that we must strike when the iron is hot or another could be another lucky day and escrow is a good idea to control your urge to pour everything , because we always want revenge every time we suffer losses, another preferable option is a friend you can trust who is not a gambler, and who will not give in easily.

ethereumhunter

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Quote from: bitbunnny on July 14, 2020, 06:17:10 AM

Quote from: ethereumhunter on July 14, 2020, 05:54:17 AM

Personally, I don't have an escrow agent to help me to manage the money that I used to gamble because so far, I can handle myself without any problem. I can stop playing gambling whenever I want because I know that in gambling, the emotion will take part, including greediness, because of winning the games. But maybe that can help other members who need help from the escrow agent or members who use too big money to gamble. Make sure you can select the recommended escrow agent to handle your money.

This just shows that you have good self control and that you are not addicted to gambling. I'm in the similar situation so I don't need someone who will tell me how much I can spend.
Unfortunately, some gamblers have serious issues with that and can't recgonize the signs that they might be in financial troubles because of excesive gambling. In that situation escrow agent might help.

Yes, I see that many gamblers have that problem. But many of them are not realize that they really need help from other people. The escrow agent will help them manage their money, and they will always send the money monthly. But it requires discipline from the gambler to send the win money to the escrow agent because I see that when we win much money, we can become greedy as I said before.

Quote from: Twentyonepaylots on July 14, 2020, 08:34:40 AM

Quote from: ethereumhunter on July 14, 2020, 05:54:17 AM

Personally, I don't have an escrow agent to help me to manage the money that I used to gamble because so far, I can handle myself without any problem. I can stop playing gambling whenever I want because I know that in gambling, the emotion will take part, including greediness, because of winning the games.

The problem with some of us is that we are so obsess in thinking that " I might win this time", I've noticed it on myself so I guess it is also happening to some of you guys, this is where I knew that I am lacking of something and that is the self discipline. This is all we need to cope up with everything especially when we are gambling every day, we'll definitely need some discipline in order to keep up. just a realtalk.

I have that experience before lol.

I admitted that it is very hard to stop that mind sound in my head. But gladly, now I can hold myself when I win the money. Self-discipline will also be needed in any situation, whether we win or lose so that we can prevent it from the loss itself.

As long as we can have discipline, we don't need the escrow to handle our money because we can take responsibility for our money.

sunsilk

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I like the strategy that you have shared and this is good for those gamblers that can't handle their finances themselves. Those gamblers that can't control themselves anymore and the escrow will be playing an important role in that.

If you think that you need an escrow to release your funds on a weekly or monthly basis and he's going to serve as your budget holder, do it if that's what makes you think will help you improve your spending habits and controllability.

Twentyonepaylots

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Quote from: ethereumhunter on July 14, 2020, 05:54:17 AM

Personally, I don't have an escrow agent to help me to manage the money that I used to gamble because so far, I can handle myself without any problem. I can stop playing gambling whenever I want because I know that in gambling, the emotion will take part, including greediness, because of winning the games.

The problem with some of us is that we are so obsess in thinking that " I might win this time", I've noticed it on myself so I guess it is also happening to some of you guys, this is where I knew that I am lacking of something and that is the self discipline. This is all we need to cope up with everything especially when we are gambling every day, we'll definitely need some discipline in order to keep up. just a realtalk.

Quote from: ethereumhunter on July 14, 2020, 05:54:17 AM

But maybe that can help other members who need help from the escrow agent or members who use too big money to gamble. Make sure you can select the recommended escrow agent to handle your money.

This is why we have this section and healthy discussions, let the give and take works around us. Not against to escrow agents tho.

semobo

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Actually I don't think this idea will be very effective on limiting ourselves from overspending because I doubt that anyone will handover all the winnings from jackpot or whatever to others and ask them to send the money back on monthly or short time frames.If we really want to limit ourselves then we need to do it on our own and as far as I remember there are sites which lest you to lock the funds temporarily and also there are ideas available to lock your funds inside your wallet itself.

rhomelmabini

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Quote from: shoreno on July 14, 2020, 06:56:54 AM

i dont think he is looking for the escrow on this forum but he is refering to the on site escrow inside the gambling site that he is playing with . most escrows here are not even into gambling and i feel its a hassel to hire an escrow here while you play on a different platform . why cant you just have that all in one place . this is risky imo because they can ran away with our money . i dont need it because i can just gave away my winnings to my wife which is more trustable and also works fine because he can control me if i cant control my self

Whoops!! looks like you didn't read entirely or DIDN'T to say the least what's written on the OP. Let me quote it for you.

Quote from: CryCrptoCry on July 14, 2020, 04:18:00 AM

To prevent this up to some extent I propose a limited gambling escrow fund held by prestigious members of this wonderful forum.

Escrows here may not into gambling but if their service is used I think they'll do it. I don't think the list of escrows on that thread will ruin their reputation and if I were the up into the challenge I'd hire the trusted and active user. Well, yeah as I propose it's better if we are the one who'll control our urges to gamble rather some intermediaries who meddle on our way to discipline ourselves. They might do the trick but I guess it's not for long.

Crypto22265

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I think if you really want to manage your bankroll on the long term you will have to do it by yourself without locking funds on sites and other things like that. Why? Because an addictive player will always lool to gamble or bet more. If his money is stuck somewhere, in our case, into an escrow he will borrow money from friends and pay them back when funds are released. Then again he will have no money available and fall into a bad habit of borrowing money over and over again.

Also, lots of websites this days have settings where you can set limits. But that doesn't help because there will always be a new website where you can deposit and gamble.

acroman08

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Quote from: shoreno on July 14, 2020, 06:56:54 AM

Quote from: rhomelmabini on July 14, 2020, 05:28:46 AM

This is the list of escrows you can trust here in the forum: https://bitcointalksearch.org/topic/list-bitcointalks-escrow-providers-ranking-blacklist-avoid-scam-276897

i dont think he is looking for the escrow on this forum but he is refering to the on site escrow inside the gambling site that he is playing with .

is there a crypto gambling site that currently offers this kind of service?

I can't imagine giving up my money to someone so that person could ration it for me in order to control how fast I lose my money to gambling. I know it is hard for some people but If I were that person I would seek help to stop my bad gambling habits.

plvbob0070

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For other gamblers, it would be a great idea to prevent themselves from spending too much money on gambling. But if a gambler is seriously addicted to gambling, I don't think he will be able to think of doing this because he won't bother to think of managing his funds already. However, if a person is willing to change his vices, this could help.

In my case, I don't really need the escrow because I'm not really spending a lot of money in gambling. I still know how to limit and control my gambling desire. Discipline starts with ourselves as a gambler since we know the possible consequences of gambling.

Japinat

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I think it's not really interesting for most gamblers because we as gambler, before we enter here we already know the risk and we are matured enough to manage the risk. Discipline is a must for gamblers, but maybe this kind of service could be helpful for few but for some they wouldn't really adopt with this kind of idea.

I've known a gambling site where you can limit your loses but what you are talking here is just my first time to know it.

avikz

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Quote

So suppose you have won a big tourney in poker or concluded a big profit trade, or accidentally (I use this word knowingly) won jackpot in slots/dice. Now what you need to do is to transfer your majority of winnings to the escrow immediately (and keep your self your normal playing bankroll). Now the escrow will have to release a certain amount of fund from your deposit to you on weekly or monthly bases. This will help you to remain under your bank roll greatly because after you loose your normal bankroll you have to wait for your next payment which will take some days. By doing this you have more time to introspect which is always good.
I urge learned members of this wonderful forum to ponder upon this and give some suggestions to improve this.

Interesting idea! But I am not sure if people will be interested in providing their funds to escrow to control their own willingness to gamble. Only a mature gambler would do this and when I say mature, it means the gambler has acquired the emotional control on his own gambling habits. An impulsive gambler wouldn't dare to loose control on his own funds ever.

You can connect with reputable members to provide such escrow service and do a test run to check the ground reality. Then only you will get an idea on bow things will work on large scale!

Topic: Limited escrow service for building self discipline. - page 3. (Read 574 times)