Success or Fail? - Talking about Gambling as a major income - page 44.

delfastTions

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Quote from: bitterguy28 on June 20, 2023, 12:22:19 AM

Quote from: wxa7115 on June 19, 2023, 11:09:52 PM

Quote from: danadc on June 19, 2023, 02:34:45 PM

I believe that too, but if you are the owner of a casino platform or something like that, you have to consider that at the time of launching the casino you have to have a huge amount of money, there are always players who have large deposits and it is It is likely that they will win a lot of money this way , and if they are in roulette or slot machines and are lucky enough, the amount to be won is high, and the casino cannot cover that, it quickly becomes a scam, because they do not have immediate payment capabilities. , and when those problems start , they say that they have problems with withdrawals and that they will start processing Withdrawals Manually.

This can easily be avoided, there are math formulas which tell casinos owners based on their capital how big can be the bet they allow their customers to make, this way even if a whale wanted to take advantage of their limited capital they will be unable to do so due to the bet size limit.

Now this may discourage the whales from gambling there and the casino owners may be giving up the huge profits they could get out of whales, but at least on the early stages of their development a casino like that should worry much more about not going bankrupt than the profits they can make.

limits in betting is indeed each casino there are rules applied and yes they even prevent those one time betting that can attract luck and make them bankrupt .
this is business and that is what they wanted to gain.
but if whales wanted to bet high? they can use multiple site to bet at the same time with the amount they wanted to try winning.

Well, what else can the businessmen who organized the work of the casino do?
Of course, a responsible businessman will definitely read all the risks associated with even the very unlikely series of big wins that whales can make. And this is how, I believe, the responsible devs and casino administration should calculate the size of the maximum bets. But of course, I admit that not everyone can accurately determine how to call it, apparently about the "margin of safety" of the casino in case of catastrophic luck of one of the whales (of course, I don't mean any fraudulent schemes, but I'm still talking about unlikely events in provable fairness algorithms).
But as the funding of the casino itself grows from profits or additional income from investments, sponsorships and similar additional income, it is obvious that the size of the maximum bets can be increased. Of course, subject to the stable and profitable operation of the casino itself for a long time.

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Quote from: wxa7115 on June 19, 2023, 11:09:52 PM

Quote from: danadc on June 19, 2023, 02:34:45 PM

I believe that too, but if you are the owner of a casino platform or something like that, you have to consider that at the time of launching the casino you have to have a huge amount of money, there are always players who have large deposits and it is It is likely that they will win a lot of money this way , and if they are in roulette or slot machines and are lucky enough, the amount to be won is high, and the casino cannot cover that, it quickly becomes a scam, because they do not have immediate payment capabilities. , and when those problems start , they say that they have problems with withdrawals and that they will start processing Withdrawals Manually.

This can easily be avoided, there are math formulas which tell casinos owners based on their capital how big can be the bet they allow their customers to make, this way even if a whale wanted to take advantage of their limited capital they will be unable to do so due to the bet size limit.

Now this may discourage the whales from gambling there and the casino owners may be giving up the huge profits they could get out of whales, but at least on the early stages of their development a casino like that should worry much more about not going bankrupt than the profits they can make.

limits in betting is indeed each casino there are rules applied and yes they even prevent those one time betting that can attract luck and make them bankrupt .
this is business and that is what they wanted to gain.
but if whales wanted to bet high? they can use multiple site to bet at the same time with the amount they wanted to try winning.

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Quote from: danadc on June 19, 2023, 02:34:45 PM

I believe that too, but if you are the owner of a casino platform or something like that, you have to consider that at the time of launching the casino you have to have a huge amount of money, there are always players who have large deposits and it is It is likely that they will win a lot of money this way , and if they are in roulette or slot machines and are lucky enough, the amount to be won is high, and the casino cannot cover that, it quickly becomes a scam, because they do not have immediate payment capabilities. , and when those problems start , they say that they have problems with withdrawals and that they will start processing Withdrawals Manually.

This can easily be avoided, there are math formulas which tell casinos owners based on their capital how big can be the bet they allow their customers to make, this way even if a whale wanted to take advantage of their limited capital they will be unable to do so due to the bet size limit.

Now this may discourage the whales from gambling there and the casino owners may be giving up the huge profits they could get out of whales, but at least on the early stages of their development a casino like that should worry much more about not going bankrupt than the profits they can make.

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Quote from: livingfree on June 19, 2023, 07:59:45 AM

Quote from: kk5526682 on June 18, 2023, 08:34:32 PM

Quote from: livingfree on June 18, 2023, 10:57:33 AM

If you have the idea of how much you'll win or lose then that's the better way of gambling. Because if you lose, that's okay and that is because you know what you're losing.

And as you gamble, you know how much you can potentially gain so you'll gamble and try it. But Bob, you can't stop most gamblers because it's all about the money.

Whilst it's like that you're against the idea, everyone wants to win and take the money with them.

Brother, this is the fact am talking and talking and talking about self-control. YOU MUST DECIDE AND FOLLOW THE WIN AND LOSS LIMIT BEFORE GAMBLING. Then do the best to fight for it. This is why it is Super hard to become a pro. I have supplyed details on Update 2 and 3 on major content. This is the only way with hope to be them.

It's like a protection before you gamble and you know what you're asking as you gamble. I don't have plans to be a professional gambler, I like the usual approach that I do.

there are tons of people that i come across that dreamed to be professional in gambling world but they do not know what is the basic and that is how to control their attitude and eagerness .
because in the closing? they ended up being losers everytime.

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No pressure at all and just enjoying whenever I want to.

perfect way to gamble mate .

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And if there are gamblers that are thinking of going too much with their potentials, that's all up to them and they know what they're entering and it's not going to be easy for sure.

of course that is their money and they must care about it , but what they need to understand is how to have an attitude towards matter.

learn how to accept losses and how to control themselves .

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Quote from: SamReomo on June 19, 2023, 03:49:41 PM

Quote from: kk5526682 on June 19, 2023, 01:48:08 PM

Quote from: SamReomo on June 19, 2023, 08:55:20 AM

Quote from: kk5526682 on June 19, 2023, 08:41:45 AM

Quote from: Fivestar4everMVP on June 19, 2023, 08:09:57 AM

Quote from: livingfree on June 19, 2023, 07:59:45 AM

Quote from: kk5526682 on June 18, 2023, 08:34:32 PM

Quote from: livingfree on June 18, 2023, 10:57:33 AM

If you have the idea of how much you'll win or lose then that's the better way of gambling. Because if you lose, that's okay and that is because you know what you're losing.

And as you gamble, you know how much you can potentially gain so you'll gamble and try it. But Bob, you can't stop most gamblers because it's all about the money.

Whilst it's like that you're against the idea, everyone wants to win and take the money with them.

Brother, this is the fact am talking and talking and talking about self-control. YOU MUST DECIDE AND FOLLOW THE WIN AND LOSS LIMIT BEFORE GAMBLING. Then do the best to fight for it. This is why it is Super hard to become a pro. I have supplyed details on Update 2 and 3 on major content. This is the only way with hope to be them.

It's like a protection before you gamble and you know what you're asking as you gamble. I don't have plans to be a professional gambler, I like the usual approach that I do.

No pressure at all and just enjoying whenever I want to.

And if there are gamblers that are thinking of going too much with their potentials, that's all up to them and they know what they're entering and it's not going to be easy for sure.

Well, the truth though, as I understand it to be, is that, nothing in life that involves making money is easy after all, most especially when luck is not on the person's side, I personally have once taken a shot at becoming a professional gambler, that is trying to see if gambling is something that I could really depend on for a living, but for the first time I gambled with that mindset, I lost everything and almost lost my life in the process, 🤣, I did not bother going further because that was already enough sign that I was about to embark on a journey that might swallow me even before I know what I'm doing.

I think nothing is more pleasing and stress free, as just gambling for the fun, no pressure of any kind, no depression, no anxiety, no fear, no sleepless night as a result of thinking how to repay borrowed money..

You are the dude have similar situation as me. Let me give u my debt paying off plan may can supply some ideas to you. When gambler lose all and in debt, homeless looks like will happen 100% for sure. Okay. Now except going to jail things, no matter what you do, don’t let that happen. Parents home, friend’s couch..The first step is super super super important. In simple words, if I break the day stop-loss or stop-win rules set by my own, I quit gamble forever. The second is setting a reasonable win or lose target. I used to bet hundreds of dollars per round. In the sky city casino Auckland, played $5,000 per round on Roulette. Now I play on Stake, set stop-win order on $30 for the day. And $100 stop-loss in one day. Too small? Haha, if you can do it for years, you are the top on top in gamblers. Or 100% professional. Because all of us know over 95% gamblers lose. For years, 99% will lose. If you think it deep and have unbeatable desire to gamble, casinos will be your heaven. Or hell.

You have learned a lot from your mistakes and that's a good thing my friend because playing $5,000 a single round of Roulette is insane, someone could lose a lot of money doing that. I think you also might have faced a lot of losses when you were playing at Sky City Casino, and it would be great if you can share some of the biggest losses you had during those very high value bets. There kind of things really inspire those gamblers who bet low because most of the times high bets come with high losses.

I think your new limits are quite good because $30 a day is enough money for a day and you'll earn more than $900 per month doing that, but you should also share that have you faced those days where you have lost $100 and then you stopped? I think that would be interesting thing to hear. I agree with you that almost 99% gamblers lose in gambling and only few lucky ones win consistently. It's always better to win less rather than losing everything.

Next words will be a little rude and brutal. Since I assumed you have same situation here. Now, let analyze some true factors we have currently. No cash, no source of income, no support from family and friends, in debt. Let me put it more emotionally, no hope, no motivation, no close relationships, no direction. This is the real environment for gamblers especially for fresh ones every day. What we got? Time!!! Invest on your time with patience. Lose $100? Happen once per month maybe. Sometimes in two months. This is the bottom line for being the pros. This stop-loss on $100 just as insurance for accident. If you always call insurance company, you will face only two consequences. One is huge fee for next year. Two, the insurance company will put you on blacklist. Just take that $100 for insurance. $30 profit? With hours playing time? Come on brother, if you still have no idea how to gain that profit in long term, maybe better to quit gambling. Any 50/50 game win change game.

I like your style brother, you have told the truth and that needs guts. Everything you said is right and I'm sure that your information could be helpful for others. If that $100 stop-loss thing happens once a month then it's better to ignore it and have patience to learn and gamble better. I agree that the stop-loss is always there for insurance that there won't be more bets if the limit is reached. I'm pretty sure that a good gambler won't allow those limit to reach, and an addict would cross the limit with each gambling session. I truly appreciate your bold way of speaking, only few people could answer the things which most people would love to keep as secret. I'm sure that you'll increase your daily profit limit and stop-loss limit in future if you achieve better understanding of the games that you are gambling with. However, increasing it or not is your personal choice, and you better know what's best for you.

Am trying best to not mislead people here. Gambling styles are truly depends on lots of factors especially personality. Few of them can really hold ticket to success in gambling. This is not a friendly industry for ordinary people. If you feel impossible to be a professional gambler or this kind of group won’t exist. Think about Bomb Disposal Expert. We know and admire them if you are not kid or lady. These people works like a crazy professional gambler. First of all, they need pass many basic requirements for doing the job. Skills, emotional control such things a lot. My point is they know what they are doing and they choose to do it anyway. They fail, lose the life. This is not a good example assuming them as gamblers because I really respect them. This is just for help some people understand what the real professional gambler should do. All man like Superman or Spider-Man in childhood and have a dream on that. We are fucked hard bro. These movie did not tell 99% of us will be nobody and overindulging in alcohol and nipples. We all know that this is the truth happened generations after generations.

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Quote from: Doan9269 on June 19, 2023, 06:04:10 AM

Some gamblers have already achieved this as a success with gambling because they depend all their earnings source from it and they have developed many means through which they source out this income in gambling, it doesn't matter the nature of what we do to earn some income as far as it's a legitimate means or source, if you're able to cope with that with paying your bills and other demanding needs then it's a success but if not, there must be an attempt to make some additional means while it's a failure to have depended on it alone.

They were lucky enough to get excellent results in gambling, while others may not have the same fated as them. Gambling could not be used as the principal source to get money. It sounds nonsense to think that if gambling will able to be used as a way to get a major income.
You can't make sure you can always win in gambling your money to multiply it. As long as the gamblers have stable income from other source like main job and they can regularly gamble their money to increase their chance to get max win.
It's better for people to have stable income first before try to take gambling. It's to make if they will not be doing non sense things like stealing or something else to be used for gambling purpose.
If you have no stable income and you fail in gambling that means you can't back again to play it as you have no money left.

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Quote from: seleme on June 19, 2023, 04:40:15 PM

Quote from: serjent05 on June 18, 2023, 05:04:55 PM

Quote from: seleme on June 18, 2023, 04:06:05 PM

The last line shows how important it is to have a sustainable way to earn money so it makes sense not looking gambling profits as income.

I don't know why people think gambling as a steady source of income. Are they for real or just fooling themselves because they are lazy to look for a real job?

It is popular among third-world countries for a reason. These countries suffer from poverty and every $ makes a big difference in their lifestyle, they don't fool themselves but look for ways to make extra cash by doing some online activities. The same is true for surveys of pay-per-click websites. I can't blame these users but as mentioned before this is not the proper way to look at gambling as a side income.

I am from a developing country (third-world) and I find people addicted to gambling making excuses that they are gambling to earn so that they won't be pressured to look for real jobs. All they care about was the entertainment and peers having fun in gambling and often times spend way more than what they earn. I do not know how they can call it a source of income when often than not they spend more money than earning.

Quote from: seleme on June 19, 2023, 04:40:15 PM

Quote from: serjent05 on June 18, 2023, 05:04:55 PM

That is why instead of relying on gambling to earn money, we better look for a stable additional source of income. this way we can have money to support our gambling activity and at the same time we have enough to buy what we need.

It sounds good in theory but things don't work like that in the real world. A stable source of income is in big demand and that is why rates drop per year along with the stability. Gambling activity should be only for fun and passing time but not everyone has the same way of thinking. Some guys even do a bonus hunt with their salary and they get nothing back at the ending of the slot bonus hunt opening.

They can look for side jobs that has no risk of losing money. Though it is not as entertainig as gambling at least they can save money for their family from the hardwork they made.

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Quote from: serjent05 on June 18, 2023, 05:04:55 PM

Quote from: seleme on June 18, 2023, 04:06:05 PM

The last line shows how important it is to have a sustainable way to earn money so it makes sense not looking gambling profits as income.

I don't know why people think gambling as a steady source of income. Are they for real or just fooling themselves because they are lazy to look for a real job?

It is popular among third-world countries for a reason. These countries suffer from poverty and every $ makes a big difference in their lifestyle, they don't fool themselves but look for ways to make extra cash by doing some online activities. The same is true for surveys of pay-per-click websites. I can't blame these users but as mentioned before this is not the proper way to look at gambling as a side income.

Quote from: serjent05 on June 18, 2023, 05:04:55 PM

That is why instead of relying on gambling to earn money, we better look for a stable additional source of income. this way we can have money to support our gambling activity and at the same time we have enough to buy what we need.

It sounds good in theory but things don't work like that in the real world. A stable source of income is in big demand and that is why rates drop per year along with the stability. Gambling activity should be only for fun and passing time but not everyone has the same way of thinking. Some guys even do a bonus hunt with their salary and they get nothing back at the ending of the slot bonus hunt opening.

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