prediction betting platform pros and cons? - page 4.

shoreno

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Quote from: fullhdpixel on December 28, 2020, 12:12:07 PM

Predictions are fine to gamble, I have fun with them, but it depends on what you are predicting as well. For example I do not find logical to gamble on bitcoin price, because if you want to actually spend money on what the bitcoin price will be like, why don't you trade instead? If you think it will go down, you can short it, if you think it will go up, you can buy it (or long it). When those options are available already, "gambling" on bitcoin price prediction makes no sense to me at all.

You said it well, predictions are good for fun. However, I don't think they can be used for some serious decision making.

i think what he said is an example of decision making and not totally gambling for fun because he did mind the outcome of the price prediction .

price prediction are also made for those people that are on the go and dont want real responaibility such as holding or trading but they can just bet , leave and come back to see if they win or not but you are always welcome there if you are already a trader or an investor , this makes your trading and investing game more exciting .

chaser15

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Quote from: sunsilk on December 27, 2020, 08:14:05 AM

The bookies don't want to have trouble just in case they're about to send the winners their money. It's an issue that's understandable for both sides, in the side of casino that don't want to release any amount and makes it pending due to its situation.

While on the bettors who have won and bet for Biden, it's also understandable that they're already a winner and deserves the win that they should receive. It's just only a matter of a few more days/weeks until there's an official turnover in the white house.

It makes sense. They just want to wait until Biden is now sitting on that High-Class Chair before settling all bets.

Since it's just a matter of only a few weeks before the inauguration, then parties should just wait.

Different story now if even after Biden officially claimed the office, there's still a pending bet although unlikely to happen.

harizen

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Quote from: sunsilk on December 28, 2020, 07:10:34 AM

His term is about to end and that's what the bookies are waiting for before the funds to be released. Just for the official inauguration for Biden. Yeah, I agree to you that they should add some terms towards holding and waiting for the official winner to be proclaimed so that the bettors who supposed to receive their winnings shouldn't worry and doubt it.

The next time, I'm sure some bookies will make an adjustment or modifications to the terms related to election betting events. They will charge this event to their experience.

It's just that, the recent Presidential election associated with lots of issues so it's ended up with some problems or delay settling some bets.

But honestly, I don't know, even one of those bookies, that still not settling the bet till now.

fullhdpixel

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Predictions are fine to gamble, I have fun with them, but it depends on what you are predicting as well. For example I do not find logical to gamble on bitcoin price, because if you want to actually spend money on what the bitcoin price will be like, why don't you trade instead? If you think it will go down, you can short it, if you think it will go up, you can buy it (or long it). When those options are available already, "gambling" on bitcoin price prediction makes no sense to me at all.

But for example USA elections were prediction market as well, and I loved gambling on it, doubled my money on the last bet, but I had primary bets that I lost so I didn't made huge profit, still left in profit though. All in all prediction betting is all pro or all con depending on what you are trying to predict and not depending on the whole concept of it.

Reatim

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Quote from: Mauser on December 28, 2020, 03:37:51 AM

I fully agree with you, a casino needs to turn a profit otherwise it can't survive. There are operating costs for an online casino like, servers and IT maintenance, continues updates to the software, Support Staff and Legal and Accounting Staff. Without all these things in the background a casino can't operate properly. Every country in the world needs to turn at least some sort of profit to survive the long term.

That same reason why we should think deeply how those gambling sites continues operating without House edges ,Not unless they will clearly state that in other side of gambling activities they are taking the funds ,i will still questioned the legitimacy of that casino.

And why need to Give up House edge just to look Unique to other gamblers ,because as gamblers Even in Smallest local gambling House Edge is implemented and we are use to this matter .

sunsilk

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Quote from: Fredomago on December 27, 2020, 08:43:55 AM

Quote from: sunsilk on December 27, 2020, 08:14:05 AM

The bookies don't want to have trouble just in case they're about to send the winners their money. It's an issue that's understandable for both sides, in the side of casino that don't want to release any amount and makes it pending due to its situation.

Anything may happen as days goes by so Casino's are just taking the precaution ,and besides Holding the Funds has 2 Meaning ,Either the Casino is trying to Scam the Winner (things that we commonly read here in forum) or The casino only protecting their Name and also the gamblers.

I don't think that they will scam. Some known bookies who have held the funds of the winners with a certain bet like the US election, just trying to be sure with their step before releasing it. They won't put a stain on their reputation and name just because of it.

Quote from: Fredomago on December 27, 2020, 08:43:55 AM

Quote from: sunsilk on December 27, 2020, 08:14:05 AM

While on the bettors who have won and bet for Biden, it's also understandable that they're already a winner and deserves the win that they should receive. It's just only a matter of a few more days/weeks until there's an official turnover in the white house.

The Problem here is the legality ,because technically Biden already Won the Election but the problem is Trump is Still the president and admit it or not he still has the power before handing the presidency to biden.

Maybe this will serve as lesson and warning to the next election ,and this will be included in the terms before accepting bets ,as there are so many issue coming out because of this uncertainties .

Good thing that Case like this happens in our generation so the Coming Election will be having deals and rules for the benefits of all.

His term is about to end and that's what the bookies are waiting for before the funds to be released. Just for the official inauguration for Biden. Yeah, I agree to you that they should add some terms towards holding and waiting for the official winner to be proclaimed so that the bettors who supposed to receive their winnings shouldn't worry and doubt it.

ethereumhunter

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Quote from: Fundamentals Of on December 27, 2020, 09:16:27 PM

Don't forget that you can make money in both prediction in trading and prediction in gambling. The most important thing to remember is that you are making informed predictions. It does not matter much where you are making predictions. What matters most is that you are not just placing predictions blindly. You are making predictions based on a complete analysis of statistics and other factors.

What makes prediction in gambling much better than prediction in trading is that the market is very wide so you can focus on your area of expertise such as NBA or space exploration or US politics. And better still, you can actually sell your prediction bet for a profit even before the actually decision comes, like the feature of Futuur offers to its users. That's not available in trading.

Exactly. So that prediction can help us to win in gambling and make money in trading. Both ways can give us a chance to make money. But most people don't use prediction that they made because they use the other trader to trade and that makes them can not make money in trading. That happens too in the gambling games. Some gamblers use the other prediction without they collect or search by themselves. They think that it is easy to use the other prediction, but they forgot that prediction will need to analyze more to find the other important things that can help them to win and make money.

Both predictions from trading and gambling can give us the other benefits as you say. But we must remember that we must have many things to make the prediction and do not depends on the other predictions.

Mauser

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Quote from: kotajikikox on December 28, 2020, 12:55:02 AM

As long as Some gambling friends of Mine betting on the platform ,i consider this legit because those friend of mine are really Good in checking Sites and the probability of being worth trusting .

Quote from: KTChampions on December 27, 2020, 05:29:17 PM

I cannot understand the other - how do people distinguish between house edge and fees? Ultimately, both are just a payment for the fact that the casino operates and provides you with a service. Changing the name does not change anything - any project cannot be free because infrastructure and employees require money.

Exactly the fact ,Casino Need to Earn to continue operating that's why I am really curious why some people here insisting their legitimacy and Good reputation ,not knowing that Given They don't take house edge for sure they will have other way (without our knowledge) to take the charges and for me ,this is More misleading and not trust worthy comparing to obvious House Edge profiting ,as long as not abusive and high .

I fully agree with you, a casino needs to turn a profit otherwise it can't survive. There are operating costs for an online casino like, servers and IT maintenance, continues updates to the software, Support Staff and Legal and Accounting Staff. Without all these things in the background a casino can't operate properly. Every country in the world needs to turn at least some sort of profit to survive the long term.

kotajikikox

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As long as Some gambling friends of Mine betting on the platform ,i consider this legit because those friend of mine are really Good in checking Sites and the probability of being worth trusting .

Quote from: KTChampions on December 27, 2020, 05:29:17 PM

I cannot understand the other - how do people distinguish between house edge and fees? Ultimately, both are just a payment for the fact that the casino operates and provides you with a service. Changing the name does not change anything - any project cannot be free because infrastructure and employees require money.

Exactly the fact ,Casino Need to Earn to continue operating that's why I am really curious why some people here insisting their legitimacy and Good reputation ,not knowing that Given They don't take house edge for sure they will have other way (without our knowledge) to take the charges and for me ,this is More misleading and not trust worthy comparing to obvious House Edge profiting ,as long as not abusive and high .

Fundamentals Of

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Quote from: ethereumhunter on December 27, 2020, 08:43:16 AM

Quote from: Fundamentals Of on December 27, 2020, 05:56:07 AM

Prediction in trading is a bit different from prediction in gambling. Prediction in trading is based on charts or fundamentals but prediction in gambling could be based on a lot of factors. It depends on which specific event you are predicting. Prediction sites such as Futuur offer so many events ranging from sports to politics to science to finance and more on which you can gamble with your Bitcoin.

That is right. Prediction in trading can give us the chance to make money, but prediction in gambling can not always give us the chance to win because that will depend on many things. So even if we are making a wrong prediction in trading, and we lose the money, we might have a chance to recover the loss from trading. It is a good place for gamblers to place their betting on that site because there are many gambling predictions available on that site. But be careful, you need to control yourself to spend your money.

Don't forget that you can make money in both prediction in trading and prediction in gambling. The most important thing to remember is that you are making informed predictions. It does not matter much where you are making predictions. What matters most is that you are not just placing predictions blindly. You are making predictions based on a complete analysis of statistics and other factors.

What makes prediction in gambling much better than prediction in trading is that the market is very wide so you can focus on your area of expertise such as NBA or space exploration or US politics. And better still, you can actually sell your prediction bet for a profit even before the actually decision comes, like the feature of Futuur offers to its users. That's not available in trading.

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Quote from: KTChampions on December 27, 2020, 05:29:17 PM

I cannot understand the other - how do people distinguish between house edge and fees?

I guess the main difference between the two is the win probability because if there's a house edge it'll always affects your chances of winning no matter what while the service fees would only affect the payout.

Quote from: KTChampions on December 27, 2020, 05:29:17 PM

Ultimately, both are just a payment for the fact that the casino operates and provides you with a service. Changing the name does not change anything - any project cannot be free because infrastructure and employees require money.

I agree the service fee is only a small positive since there's still cons that comes along with it and we rarely see casinos have success with pvp games or parimutuel betting on sports nowadays.

KTChampions

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Quote from: Reatim on December 27, 2020, 06:08:14 AM

Quote from: jademaxsuy on December 19, 2020, 06:26:50 AM

Pros,
1. No house edge instead service fee

Just a Curious question mate, Why does a Pros Platform Need to be zero House edge?
I believe that almost each gambling site and platform has House Edge yet they re super legit and trustworthy.

I cannot understand the other - how do people distinguish between house edge and fees? Ultimately, both are just a payment for the fact that the casino operates and provides you with a service. Changing the name does not change anything - any project cannot be free because infrastructure and employees require money.

dimonstration

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Dimon69

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The only thing that I could see to this is, do not play when you are not used to it, do not play so easily or bet so easily in a new platform if they are new to you, it will be a new flavor to tast but it can be bitter if you are not used to it, we should learn to look for their website and other files first before we start to bet. I am not into sport betting maybe in e-sports yes, but I'll try it soon.

There's no harm in trying new sites as long as we diligently study it or seek ideas from others, we are in modern world and digitally products or websites that are better may be built with new platforms or website so all we just need is to know how to research and keep our access safe and away from phishing or scammers. We will discover more better crypto thru exploring we just need to put more effort in keeping us safe.

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Quote from: FIFA worldcup on December 27, 2020, 06:46:40 AM

Quote from: goinmerry on December 25, 2020, 12:15:15 PM

Quote from: Fundamentals Of on December 25, 2020, 09:02:10 AM

For example, in the case of Biden vs. Trump. It was already a commonly acceptable truth that Biden won. That was clear enough as the morning sky. Trump may not concede. Trump may choose to contest the result itself in court. We do not know what happens to the protest after a few years. But for as long as Biden is officially declared as the winner and has even taken his oath of office, that is enough for those who bet on Biden to receive the payouts.

It should be. No reason for those sites that still tagged the bet as pending to not settled the bet.
Either they are waiting for Biden to assume office or oath, pending bets should be settled now as it's clear now who's the winner.
The changes, if ever, that will be made in the future due to some filed cases should be out of the discussion.

The trump and biden betting was one of its kind and we do not get such gambling bets normally. The betting results are mostly crystal clear and gamblers are paid instantly after the result. But in case of this US election, winners payments was delayed until it was verified hat biden has won. However, the only caution which we should take is to bet in a trusted platform so we do not face any withdrawal issues.

As you guys rightly said, the delay came from the upset that followed the election of the United States President, we'll saw what happened immediately after the election between the incumbent President and the President elect, it was a total confusion indeed and this could be one of the major reasons these payment to gamblers was delayed, and this could equally happen to any sport that decisions aren't transparent.

bonjouros

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In my case, I can add for cons as I really hate KYC so I will put it in cons. A betting platform that is very strict in their users activity and will require a solid KYC in order to prove your innocence.

Other cons will be, a betting platform that takes more than 24 hours to process the withdrawal or they are doing it manually. And also a very little choices of withdrawal and deposit for crypto options is a cons for me because most of the users preferred to have plenty of choices in depositing or in withdrawing their funds.

Fredomago

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Quote from: sunsilk on December 27, 2020, 08:14:05 AM

The bookies don't want to have trouble just in case they're about to send the winners their money. It's an issue that's understandable for both sides, in the side of casino that don't want to release any amount and makes it pending due to its situation.

Anything may happen as days goes by so Casino's are just taking the precaution ,and besides Holding the Funds has 2 Meaning ,Either the Casino is trying to Scam the Winner (things that we commonly read here in forum) or The casino only protecting their Name and also the gamblers.

Quote from: sunsilk on December 27, 2020, 08:14:05 AM

While on the bettors who have won and bet for Biden, it's also understandable that they're already a winner and deserves the win that they should receive. It's just only a matter of a few more days/weeks until there's an official turnover in the white house.

The Problem here is the legality ,because technically Biden already Won the Election but the problem is Trump is Still the president and admit it or not he still has the power before handing the presidency to biden.

Maybe this will serve as lesson and warning to the next election ,and this will be included in the terms before accepting bets ,as there are so many issue coming out because of this uncertainties .

Good thing that Case like this happens in our generation so the Coming Election will be having deals and rules for the benefits of all.

ethereumhunter

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Activity: 2912

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Quote from: Fundamentals Of on December 27, 2020, 05:56:07 AM

Prediction in trading is a bit different from prediction in gambling. Prediction in trading is based on charts or fundamentals but prediction in gambling could be based on a lot of factors. It depends on which specific event you are predicting. Prediction sites such as Futuur offer so many events ranging from sports to politics to science to finance and more on which you can gamble with your Bitcoin.

That is right. Prediction in trading can give us the chance to make money, but prediction in gambling can not always give us the chance to win because that will depend on many things. So even if we are making a wrong prediction in trading, and we lose the money, we might have a chance to recover the loss from trading. It is a good place for gamblers to place their betting on that site because there are many gambling predictions available on that site. But be careful, you need to control yourself to spend your money.

sunsilk

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Quote from: FIFA worldcup on December 27, 2020, 06:46:40 AM

The trump and biden betting was one of its kind and we do not get such gambling bets normally. The betting results are mostly crystal clear and gamblers are paid instantly after the result. But in case of this US election, winners payments was delayed until it was verified hat biden has won. However, the only caution which we should take is to bet in a trusted platform so we do not face any withdrawal issues.

The bookies don't want to have trouble just in case they're about to send the winners their money. It's an issue that's understandable for both sides, in the side of casino that don't want to release any amount and makes it pending due to its situation.

While on the bettors who have won and bet for Biden, it's also understandable that they're already a winner and deserves the win that they should receive. It's just only a matter of a few more days/weeks until there's an official turnover in the white house.

carlisle1

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Quote from: Rengga Jati on December 26, 2020, 04:46:59 PM

I am searching on google about the prediction betting platform. And wow, I found so many sites offering that prediction for betting or gambling. Moreover, many have listed the top prediction sites with many proofs.
But what I thought: 'is it the same with the prediction on trading?
On trading, we can surely know the technical analysis. But in betting, we do not know the analysis based on the habit or current condition.

Though not Totally the same as Trading But since they are Both predicting meaning No assurance and nothing is certain.

Maybe Some of them get it close tot eh outcome but chances of Failure is always on the other side ,Analysis Gives Closer view but not 100% correct.

Quote

Pros:
Proofs of being successful gambling prediction with many wins to have

Cons:
If the betting is a real sport, how can they predict it?
Is there any relation with the probabilities of the gambling behind the game, who have higher fees can control the game and make the players do what they want?

Actually they are using the statistics and the Ability of each teams/players comparable to the opponent ,because each team/players has their own weaknesses and capacity ,things that at some point can beat one but lose in another , and this is why Odds is very popular in gambling,because of this analyzation .

FIFA worldcup

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Quote from: goinmerry on December 25, 2020, 12:15:15 PM

Quote from: Fundamentals Of on December 25, 2020, 09:02:10 AM

For example, in the case of Biden vs. Trump. It was already a commonly acceptable truth that Biden won. That was clear enough as the morning sky. Trump may not concede. Trump may choose to contest the result itself in court. We do not know what happens to the protest after a few years. But for as long as Biden is officially declared as the winner and has even taken his oath of office, that is enough for those who bet on Biden to receive the payouts.

It should be. No reason for those sites that still tagged the bet as pending to not settled the bet.

Either they are waiting for Biden to assume office or oath, pending bets should be settled now as it's clear now who's the winner.

The changes, if ever, that will be made in the future due to some filed cases should be out of the discussion.

The trump and biden betting was one of its kind and we do not get such gambling bets normally. The betting results are mostly crystal clear and gamblers are paid instantly after the result. But in case of this US election, winners payments was delayed until it was verified hat biden has won. However, the only caution which we should take is to bet in a trusted platform so we do not face any withdrawal issues.

Topic: prediction betting platform pros and cons? - page 4. (Read 1717 times)