They will find someone to blame for their mistakes - page 7.

mirakal

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Quote from: Julien_Olynpic on July 26, 2024, 10:48:32 PM

In general, I also think that people should be allowed to bet on whatever they want. Especially when it comes to, for example, decentralized betting platforms. In the case of centralized betting services, there are nuances, but in general the patterns are the same. I must say that if you have access to insider information, then it is far from a fact that you will correctly guess the outcome of a betting event. I have heard many stories from experienced bettors about the failures of so-called insiders. I have heard many times about supposedly fixed matches, which in the end turned out not to be fixed, but the real thing. I have heard stories about how people received insider information or supposed insider information, bet on the outcome of an event that was supposed to happen in 99.99% of cases, but ... did not happen. Therefore, when I hear about successful insider information, I am very skeptical about it.

We just think that if this insider information is right, they will never tell anyone or deceive someone to bet, but they let other gamblers make a bet and make money from them because they know that it never works in reality and still rely on luck to win. In reality, 99.99% of what was promised by these insiders to innocent gamblers never existed.

There are gambling experts, that is true, but they never know exactly what will happen or know the results in advance. Yes, they have good strategies, but they never say they work perfectly or just always. Maybe we can say that our chance of winning is a little bit high if we have been gambling for a long time, but that doesn't mean we know everything.

GigaBit

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Such bets are highly prone to manipulation. Those who take part in such bets must try to place bets contentiously about the matter. But those who are regular gamblers will suffer because they will not have information about such events. Now these types of bets were not there before but in recent times the amount of these types of bets is gradually increasing. They know very well how different betting platforms view this type of betting. But what I understand is that betting companies will not operate betting where there is no profit. If a sports book or betting platform is interested in placing such bets, that is up to them. However, it is expected that the number of such different categories of bets will gradually increase. I have never taken such a bet. But there is a different attraction in this type of betting that makes gamblers interested in these bets.

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Anyone can ask other people to place their bet so he will not suspect to use the info for his own benefit, including the bodyguard. The info can also be manipulated by some groups if they don't like with one of the candidates. If we know the result of something, we can ask someone we know to place a bet and if we wins, we will split the wins money.

Greediness will interfere to this and that will tempting people who know the result to place their bet. There is no need to blame the betting sites because they just gives the bet to people if they thinks it is interesting for people. People who place their bet seeking a chance to make money for gambling so they will place their bet once they see their chance to wins is there.

It is easy to find someone to blame for their mistakes. That is what many people do but they don't search for what their mistake.

Julien_Olynpic

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In general, I also think that people should be allowed to bet on whatever they want. Especially when it comes to, for example, decentralized betting platforms. In the case of centralized betting services, there are nuances, but in general the patterns are the same. I must say that if you have access to insider information, then it is far from a fact that you will correctly guess the outcome of a betting event. I have heard many stories from experienced bettors about the failures of so-called insiders. I have heard many times about supposedly fixed matches, which in the end turned out not to be fixed, but the real thing. I have heard stories about how people received insider information or supposed insider information, bet on the outcome of an event that was supposed to happen in 99.99% of cases, but ... did not happen. Therefore, when I hear about successful insider information, I am very skeptical about it.

kotajikikox

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Quote from: _act_ on June 19, 2024, 04:19:03 PM

There was a topic that was posted on gambling discussion not quite long about British Prime Minister bodyguard arrested for election date bet. If I understood it, people are to bet on the day the election date would be.

People can bet on Miss World, Election, Sports and other events that it is not someone that fixed the result or set the date. I have not heard of this kind of bet before until today.

Me neither. I mean we, voters, often speculate on the possible date due to schedule and whatnot but I have never heard of anyone turning it into a bet.

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Some people posted that such people like the bodyguard should not be allowed to bet on the date of Election but what if he told someone to help him out and the money will be shared? Or is something like this can not be manipulated? If you know what would be the result of something, you can do one or two or more manipulation with that thing.

This bodyguard is obviously within the area of where most confidential files would be. He would also have opportunities to overhear many important people talking about these kind of things so yes he definitely has an advantage.

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I think betting sites should not be allowed to include such bet. They should not just only be blaming the man. I see the betting site faults also. Why making people to bet on a result that someone set?

An election date is important to be announced to all candidates all at the same time. Knowing beforehand will give a candidate more time to plan his or her campaign and could even tamper with related tools to be used on the day of the election. This kind of betting is dangerous especially if you work for a government institution or anything that deals with politics.

However I dont see anything harmful if normal citizens were to bet on it. It is definitely the man's fault to getting involved in such a bet.

Julien_Olynpic

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The question of whether the prime minister's bodyguard has the right to bet on the outcome of the elections caused a great public outcry. But if you think about it, why can't the Prime Minister's bodyguard make such a bet? Do we seriously believe that he has access to inside information?
As for the election date, of course it can be postponed. In addition, the guard himself formally could not make such a bet. He could ask for his nephew or a school friend or his son's friend if he had a son. You know that there are many tricks and tricks to avoid accusations of access to inside information.

wiss19

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Quote from: STT on June 22, 2024, 06:14:03 PM

I dont think you can restrict the betting if there is a market for guessing it in some way. The betting shop itself will not want to be restricted from that valid business revenue, its not helpful to them to do so. Its not the first time I've seen spot bets being criticized for being too prone to manipulation or tempting those who can influence a game to make a bet pay off.

Here with an election that man has to be caught anyway, if he is doing this then he could be giving away government secrets etc. Police and similar roles are already restricted in gambling so far as I know just like bank staff arent allowed a negative balance, its seen as a transgression for those particular jobs even if its ok for everyone else.

They can't restrict it as a whole but only restrict a few of it, like some betting shops (if they don't have a license), or if there is a law about it on our country. There are also restrictions relating to religion. Yeah, manipulation in sports are not new and manipulations also exist in casino games, or even on other fields.

There will always be bad people in this world and they will do anything to gain more advantage. Exposing government secrets are I think a good thing because governments like to hide things from us and we will only get shocked one day that this or that thing have already happened and most of the times it it is not beneficial to us.

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Quote from: _act_ on June 19, 2024, 04:19:03 PM

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I think betting sites should not be allowed to include such bet. They should not just only be blaming the man. I see the betting site faults also. Why making people to bet on a result that someone set?

Insider trading/gambling is forbidden and illegal. So whom to blame than the man who used his insider knowledge to gain some profit? Casinos can't monitor everything and anyone, but if they have some suspicions they can report it to authorities and they will investigate it...
This is a very good advice:

Quote from: yahoo62278 on June 22, 2024, 04:08:33 PM

As far as your other question, anyone having inside info shouldn't be betting at all.

Those who engage in insider trading/gambling can get into deep problems, and they can drag their closest ones into those problems too... It's risky & illegal, so it's better to stay away.

STT

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I dont think you can restrict the betting if there is a market for guessing it in some way. The betting shop itself will not want to be restricted from that valid business revenue, its not helpful to them to do so. Its not the first time I've seen spot bets being criticized for being too prone to manipulation or tempting those who can influence a game to make a bet pay off.

Here with an election that man has to be caught anyway, if he is doing this then he could be giving away government secrets etc. Police and similar roles are already restricted in gambling so far as I know just like bank staff arent allowed a negative balance, its seen as a transgression for those particular jobs even if its ok for everyone else.

Smartvirus

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Quote from: _act_ on June 19, 2024, 04:19:03 PM

Some people posted that such people like the bodyguard should not be allowed to bet on the date of Election but what if he told someone to help him out and the money will be shared? Or is something like this can not be manipulated? If you know what would be the result of something, you can do one or two or more manipulation with that thing.

I think betting sites should not be allowed to include such bet. They should not just only be blaming the man. I see the betting site faults also. Why making people to bet on a result that someone set?

There are obvious manipulations that can arise when you have a party to an even taking bets on those events, all efforts would be put in place to ensure the beg turns out as a win. I get the part where you say, they might mot even have to take the bet themselves but rather, go through some neutral agent with a proposed sharing ratio.
Of course these are possible but, you have to realize that, most gambling sites don’t support this method of gambling on their platform. That’s why it’s a one person per account and as such, having to gamble through someone else is a means to out smart the system and should you be caught, you might end up loosing everything. It’s a bad idea but a few users still try the process.

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Quote from: Issa56 on June 22, 2024, 04:19:55 PM

Quote from: _act_ on June 19, 2024, 04:19:03 PM

Some people posted that such people like the bodyguard should not be allowed to bet on the date of Election but what if he told someone to help him out and the money will be shared?

Is there any difference between asking someone to place a bet for him? Since the insider is going to tell the person who is placing the bet the date on which the election will be held, if he can tell the person, then he has already violated the rules because he revealed a date that hasn’t officially been announced yet. If you are holding some positions, then there are some things that you are not supposed to do because of your position. If what you are trying to do is against the rules, then you have to stay away from it.

Don't you think all this has been happening in most cases?
Yes this is very possible but nobody would those are leaked the information, maybe that same person may like share with their friends even though he didn't say how exactly he got to know the right date but at least he might decides to reach in agreement with those he shared the information with maybe after election ends and the amount they stakes went according the date that was leaked to them then they win something big and shares amount them selves as friends.

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Quote from: Issa56 on June 22, 2024, 04:19:55 PM

Quote from: _act_ on June 19, 2024, 04:19:03 PM

Some people posted that such people like the bodyguard should not be allowed to bet on the date of Election but what if he told someone to help him out and the money will be shared?

Is there any difference between asking someone to place a bet for him? Since the insider is going to tell the person who is placing the bet the date on which the election will be held, if he can tell the person, then he has already violated the rules because he revealed a date that hasn’t officially been announced yet. If you are holding some positions, then there are some things that you are not supposed to do because of your position. If what you are trying to do is against the rules, then you have to stay away from it.

When he was applying for the job, I wasn't sure if their was a criteria on him not gambling, he tried to outsmart the system by making use of his opportunity to certain information, on a normal system it wasn't his fault having done such, smuggling himself into making profits.The betting platform aswell should better reconsider their options available for gamblers because anyone in a position to outsmart the betting system would do so and make his way, some will be caught and some won't.

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Quote from: _act_ on June 19, 2024, 04:19:03 PM

I think betting sites should not be allowed to include such bet. They should not just only be blaming the man. I see the betting site faults also. Why making people to bet on a result that someone set?

It is up to the betting site to decide if certain options should be made available on their platform or not, mind you that dates such as this one we are discussing is usually a top secret and i don't think the decision of fixing the date is done by one person, i am also certain that the betting site would close that betting option once the time to finally fix the data is approaching.

I don't think the bodyguard should have been arrested. Another thing similar is with footballers, they are not allowed to gamble and if they are found doing so, they'd be banned for a long time and fined too, but i don't think what happened is enough to arrest this bodyguard, it could be that he never had any inside knowledge on the fixed date and prolly he didn't know he is prohibited on gambling on that option.

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Quote from: _act_ on June 19, 2024, 04:19:03 PM

There was a topic that was posted on gambling discussion not quite long about British Prime Minister bodyguard arrested for election date bet. If I understood it, people are to bet on the day the election date would be.

People can bet on Miss World, Election, Sports and other events that it is not someone that fixed the result or set the date. I have not heard of this kind of bet before until today.

Some people posted that such people like the bodyguard should not be allowed to bet on the date of Election but what if he told someone to help him out and the money will be shared? Or is something like this can not be manipulated? If you know what would be the result of something, you can do one or two or more manipulation with that thing.

I think betting sites should not be allowed to include such bet. They should not just only be blaming the man. I see the betting site faults also. Why making people to bet on a result that someone set?

This is very true because allowing book makers include such events in their bet could be detrimental to the country as some desperate gamblers would do things so as to manipulate the whole thing in their favour as they will not be conducting such events based on credibility but to help them win huge amounts and turn rich at once, there should be restrictions and regulations with regards to what book makers can allow their customers gamble on so they don't turn and ruin events s such with chaos because of the bid to win a bet. Elections are sensitive and crucial events to nations so I don't think it's Ideal to gamble with such, it's not healthy enough .

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Perhaps from a neutral perspective, there are many parallels related to this situation, but I think it is just a betting game and has a specific playing principle.

Even random betting on coin sides, as long as it's acceptable for everyone to play it. I think negative things in any medium are imposed by us, and originate from personal greed for profit.

Although in a specific situation manipulating results is outright cheating, I also find that the majority of us are blinded by greed to bet everything, even when it brings joy.

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Quote from: goaldigger on June 22, 2024, 04:25:20 PM

Quote from: _act_ on June 19, 2024, 04:19:03 PM

I think betting sites should not be allowed to include such bet. They should not just only be blaming the man. I see the betting site faults also. Why making people to bet on a result that someone set?

This will be hard for them to know if the gambler are into politics or part of the team once they place their bet and you can also confirm that in crypto casinos as they are not asking if you are part of the team once you bet so I don’t think the gambler or the site should be blame for this, though of course it will be on the terms and conditions and if you get caught, you will face consequences for sure. You can also ask someone to place a bet for you and yes, this is untraceable on the part of the site.

The most popular kind of election bet is when you have to choose which candidate will win the election and the one that will fail, but.to bet.on election date which is something that is clearly set, amd communicated to the general public, betting on such date can become worthlessness and no casinos will like to host such bets.

Between I don't see that in the event that a bet is initiated to bet on some vital things like elections date or any other thing that could be bet on and requir information to win them, those close cacus will always be ban from participating in such a bet and most time this kind of bet happens offline.

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Quote from: _act_ on June 19, 2024, 04:19:03 PM

I think betting sites should not be allowed to include such bet. They should not just only be blaming the man. I see the betting site faults also. Why making people to bet on a result that someone set?

This will be hard for them to know if the gambler are into politics or part of the team once they place their bet and you can also confirm that in crypto casinos as they are not asking if you are part of the team once you bet so I don’t think the gambler or the site should be blame for this, though of course it will be on the terms and conditions and if you get caught, you will face consequences for sure. You can also ask someone to place a bet for you and yes, this is untraceable on the part of the site.

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Quote from: yahoo62278 on June 22, 2024, 04:08:33 PM

Aren't most election dates set well before the election happens? That's how it is here in the USA at least. We know November 5th is the election day, we also know when the other local elections are happening well before the election is happening.

What elections don't have set dates?

I dont know about the rest of the world, but I think like in a lotta European countries, they decide when elections will happen pretty far in advance, kinda like you do there in the states. For the most part general elections, European Parliament elections, and many local elections - those all have fixed dates or at least windows when theyll go down. But there are some that arent like that and the ones Im thinkin about are the early elections theyll call sometimes if a government collapses or whatever. Or, for example, parliamentary elections in my country have a specified timeframe, but the exact date of the election is determined by the president.

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Quote from: _act_ on June 19, 2024, 04:19:03 PM

Some people posted that such people like the bodyguard should not be allowed to bet on the date of Election but what if he told someone to help him out and the money will be shared?

Is there any difference between asking someone to place a bet for him? Since the insider is going to tell the person who is placing the bet the date on which the election will be held, if he can tell the person, then he has already violated the rules because he revealed a date that hasn’t officially been announced yet. If you are holding some positions, then there are some things that you are not supposed to do because of your position. If what you are trying to do is against the rules, then you have to stay away from it.

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Quote from: Japinat on June 19, 2024, 04:40:00 PM

Betting sites wouldn't care as long as they make money, that's the main purpose of their business.

I don't see this as a big deal. People should be allowed to bet on whatever they want as long as it is legal. Rather than expending a lot of energy to debating on an event why not put your money where your mouth is and get paid for it. This better than engaging in a conversation about the event where there is no financial gain other than spend on time debating without any "profit"

Topic: They will find someone to blame for their mistakes - page 7. (Read 1911 times)