Will you still gamble? - page 2. | Bitcointalksearch.org

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Quote from: sompitonov on August 28, 2024, 09:45:25 AM

Quote from: Gheka on August 28, 2024, 09:05:26 AM

Even though one understands the formula and how gambling works, such a player should still curb the wild beast within themselves and maintain a sense of humility because when we let our guard down and think things are going better than expected in management, that is when mistakes are compounded and no matter how highly a person understands gambling, they should also isolate this gambling intelligence and apply it sparingly. Gambling is the potential of development, being too attached to it will distract and instead of developing benefits, it will develop financial exhaustion.

Also, the player must understand many things, for example, that in order to win, first you will have to go through many losses and if you do not know how to lose, you can simply lose your temper and start doing various things like playing beyond your bankroll, which in turn can lead to various negative things, such as borrowing from friends and acquaintances. I am a direct path to the destruction of friendship, because almost often many do not repay the debt on time or never at all. Even I have encountered such cases.

Winning isnt something that considered to be fixed on which simply means that odds or everything would really be basing up on the chances that do really goes into and we do know that when it comes to losing then it would really be that everything depending on how good you are on making up such control. Speaking about those additional fees then i couldnt think off for those possible additional that they would really be putting into. It would really be just that too much if they would really be charging up even more aside with those HE on which we know that this is where they would really be able to say that
they are really that too greedy if they would really be making out such step. This is why it would be best that you do make out decisions basing up on what you are currently seeing or experiencing.

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Quote from: Gheka on August 28, 2024, 09:05:26 AM

Even though one understands the formula and how gambling works, such a player should still curb the wild beast within themselves and maintain a sense of humility because when we let our guard down and think things are going better than expected in management, that is when mistakes are compounded and no matter how highly a person understands gambling, they should also isolate this gambling intelligence and apply it sparingly. Gambling is the potential of development, being too attached to it will distract and instead of developing benefits, it will develop financial exhaustion.

Also, the player must understand many things, for example, that in order to win, first you will have to go through many losses and if you do not know how to lose, you can simply lose your temper and start doing various things like playing beyond your bankroll, which in turn can lead to various negative things, such as borrowing from friends and acquaintances. I am a direct path to the destruction of friendship, because almost often many do not repay the debt on time or never at all. Even I have encountered such cases.

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Quote from: nimogsm on August 28, 2024, 04:25:56 AM

Quote from: Lidger on August 28, 2024, 03:17:51 AM

I do not consider gambling harmful to me because I have control over gambling and I like to manage gambling within that control. Where I understand my pros and cons, gambling certainly won't hurt me financially. I don't have high expectations for gambling like others have high expectations from gambling. I only gamble and if all the predictions are correct then the result goes in my favor and if my strategy is wrong then the win does not go in my favor I am not very excited. I never gamble beyond the amount that I am allowed to gamble each day. Since I am gambling with all this, of course there will be no action by me that will cause me great harm so I will continue to do so.

This is because you are already an experienced player and understand how everything works. And beginners are often faced with excitement and thoughts that they can beat the casino and fall into this trap. And unfortunately, later not everyone comes to the conclusion that they need to play primarily for their own pleasure. and do not put only earnings in the foreground, and then the player will not experience problems in the future in his games.

Even though one understands the formula and how gambling works, such a player should still curb the wild beast within themselves and maintain a sense of humility because when we let our guard down and think things are going better than expected in management, that is when mistakes are compounded and no matter how highly a person understands gambling, they should also isolate this gambling intelligence and apply it sparingly. Gambling is the potential of development, being too attached to it will distract and instead of developing benefits, it will develop financial exhaustion.

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Quote from: Lidger on August 28, 2024, 03:17:51 AM

I do not consider gambling harmful to me because I have control over gambling and I like to manage gambling within that control. Where I understand my pros and cons, gambling certainly won't hurt me financially. I don't have high expectations for gambling like others have high expectations from gambling. I only gamble and if all the predictions are correct then the result goes in my favor and if my strategy is wrong then the win does not go in my favor I am not very excited. I never gamble beyond the amount that I am allowed to gamble each day. Since I am gambling with all this, of course there will be no action by me that will cause me great harm so I will continue to do so.

This is because you are already an experienced player and understand how everything works. And beginners are often faced with excitement and thoughts that they can beat the casino and fall into this trap. And unfortunately, later not everyone comes to the conclusion that they need to play primarily for their own pleasure. and do not put only earnings in the foreground, and then the player will not experience problems in the future in his games.

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I do not consider gambling harmful to me because I have control over gambling and I like to manage gambling within that control. Where I understand my pros and cons, gambling certainly won't hurt me financially. I don't have high expectations for gambling like others have high expectations from gambling. I only gamble and if all the predictions are correct then the result goes in my favor and if my strategy is wrong then the win does not go in my favor I am not very excited. I never gamble beyond the amount that I am allowed to gamble each day. Since I am gambling with all this, of course there will be no action by me that will cause me great harm so I will continue to do so.

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Quote from: LUCKMCFLY on August 27, 2024, 08:51:10 AM

Quote from: ethereumhunter on August 23, 2024, 01:31:08 AM

The casino can do many things to their members account so we must responsible with our account. If we want to inactive in gambling, we don't have to save some money instead just withdraw all money and only left for small amount just in case if casino wants to takes fee from our account.

It is the best thing to do, if we leave the money there , and for whatever reason we have to do other activities and a year goes by, when we want to have that money available for a withdrawal and they tell us that it is no longer possible because it was blocked or something, the anger will be unique, that is why, when we play and we have a profit, even if it is minimal , we must withdraw that money, it is better to be deposited than to go through a moment like that, it has never happened to me, but even so, sometimes it may be that we are careless and it happens.

Btw, is it stated somewhere in ToS, if you leave money in casino account and stay inactive, they freeze/close your account after sometime and consider those money as their income? Was there even such practice? I mean have you heard that casinos even do that? I have only heard that some exchanges charge monthly fee for account maintenance if you stay inactive Cheesy

HitBTC charge for account inactivity for example.

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Quote from: ethereumhunter on August 23, 2024, 01:31:08 AM

The casino can do many things to their members account so we must responsible with our account. If we want to inactive in gambling, we don't have to save some money instead just withdraw all money and only left for small amount just in case if casino wants to takes fee from our account.

It is the best thing to do, if we leave the money there , and for whatever reason we have to do other activities and a year goes by, when we want to have that money available for a withdrawal and they tell us that it is no longer possible because it was blocked or something, the anger will be unique, that is why, when we play and we have a profit, even if it is minimal , we must withdraw that money, it is better to be deposited than to go through a moment like that, it has never happened to me, but even so, sometimes it may be that we are careless and it happens.

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They do charge some fees like the trading platforms, but here it is called housedge. For this reason also, you must have heard the famous saying “Casinos never lose." They always make money from each bet in the form of housedge. But as it is very small, like the trading fees, hence no one gives a damn about it. Therefore, everyone ignores it and continues to gamble. I don't know how the gambling casinos pay the tax from Housedge. But yes, this is the common standard followed by all the gambling casinos.

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Quote from: Odusko on August 12, 2024, 08:20:13 AM

The motive of this thread is for us to discuss what will be you stands if online casinos charges you fees on each game you play on them, same way excahges charges you on each trading position you open, and why should excahges charges fees and casinos not charging such fees, First of all the First objective of every business is to generate revenues, so at first I wasn't curious about this, but recently I began to wonder why the difference between excahges and casinos when both have similar features which are licensing and KYC.
If exchanges take trading fee's their call it value added taxes which some part get remitted to the government.
But online cryptocurrency casino's act in the same vain because both trading and Gambling are the same it all aim at either profits or lose, but while gambling plartforms let go of the fees, exchange charges us on each regardless wether we make profits or lose in the trading position.

Gambling sites or casinos especially enjoys some house edge which to a large extend influences the outcome of games which in the part of exchanges I am not sure there's anything like a house edge. So invariably the gambling site house edge advantage make-up for the charge fees they don't charge customers as exchanges do.

Secondly, my best guess is that gambling to the authority is not seen as a professional career venture that VAT should be taken from gamblers bets just as it's been done in exchanges with the view that trading is an occupation.

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Quote from: Wakate on August 25, 2024, 05:05:07 PM

Quote from: darkangel11 on August 25, 2024, 02:11:26 PM

Quote from: Numeral on August 24, 2024, 05:19:04 PM

Companies in the gambling industry have already quite substantial stable revenues almost regardless of the circumstances. If they start introducing additional commissions, it will cause a definitely negative response from the audience and will affect the entire gambling industry badly. As a result, gamblers will play where these commissions do not exist, and since no one can oblige all gambling companies to introduce additional commissions, such places are sure to be found.

They are already making a lot of money and although their margin might look small, the amount of games played by people, sometimes on auto betting, is so big that even a 0.1% profit to the casino would eventually turn into a very large number in the long run. You're right by saying that they wouldn't try to charge people a lot of money per game, because the competition is fierce and the first casino that does it will instantly lose clients to its competitors. They would have to work together and gradually increase fees, but there's no reason for them to do so. They are not poor, barely making ends meet.

The casino industry has been a big competition for many casino and any casino that is not fair enough to keep doing what would bring gamblers to their platforms would end up losing users with time. The case of commission is one of the things that would hinder many users from continuing using the platform they are using to play bets because it does not make any sense to many gamblers paying for something that could be ignored by the casino. Most cases where I do see commissions is when I trade. Many of these exchanges and brokers are always collecting commissions which is seen as normal.

People do not care much about commission in casino platforms as long as they get free bets, vouchers, and other rewarding futures in the casino platform. The only time a gambler can be mindful about commissions in a casino platform is when they see another casino platform with a better offer and fewer commissions or when the current casino they are using to gamble increases their commission to a certain percentage they cant afford. The sad truth is that without these commissions it would be difficult for all the casino platform to operate successfully.

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Quote from: serjent05 on August 25, 2024, 05:16:29 PM

Quote from: Odusko on August 12, 2024, 08:20:13 AM

But online cryptocurrency casino's act in the same vain because both trading and Gambling are the same it all aim at either profits or lose, but while gambling plartforms let go of the fees, exchange charges us on each regardless wether we make profits or lose in the trading position.

Exchanges and gambling casinos are two different platforms with different functions. Exchanges charge us trading fees because they don't make a profit in our trading activities while gambling casinos does not charges us because they have this house edge that can generate income aside from charging fees from the game providers.

There is no reason for the gambling platform to charge their players since the casino had already laid out a strategy where the player can lose his bankroll. If they charge people in every bet they made then I think it is overkill. Like charging a slots player in every spin he made can be devastating for the players bankroll. Imagine charging the player 1 cent for every spin he made, this will decimate the gambler's fund if he continues to spin for 10 thousand times to 100 thousand times.

So once the casino implements a fee in every bet then I will probably stop playing since I feel that it is not fair.

That every cent that will be charged to us aside from slots and other games as well, they'd surely be one of the richest industry ever but then, one of the industries that will no doubt to run out of people. If it's obvious for the players that they are being sucked for every move that they do, they'll flee from these casinos. So, it's not really going to happen and if they do, it's always our human instincts that will find a way to at least find an alternative or leave that casino for us to stop that craziness that they have. It's not really a fair thing when house edge was already there and we all knew it and then for every bet that we make they collect fees. Every gambler will feel how bad that kind of business is and they won't patronize that. Maybe at first when they're winning but it's not always that we win but when that realization comes to that moment, regretting that they have lost a lot from the casino that implements this, they are being helped helplessly by them.

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Quote from: Odusko on August 12, 2024, 08:20:13 AM

But online cryptocurrency casino's act in the same vain because both trading and Gambling are the same it all aim at either profits or lose, but while gambling plartforms let go of the fees, exchange charges us on each regardless wether we make profits or lose in the trading position.

Exchanges and gambling casinos are two different platforms with different functions. Exchanges charge us trading fees because they don't make a profit in our trading activities while gambling casinos does not charges us because they have this house edge that can generate income aside from charging fees from the game providers.

There is no reason for the gambling platform to charge their players since the casino had already laid out a strategy where the player can lose his bankroll. If they charge people in every bet they made then I think it is overkill. Like charging a slots player in every spin he made can be devastating for the players bankroll. Imagine charging the player 1 cent for every spin he made, this will decimate the gambler's fund if he continues to spin for 10 thousand times to 100 thousand times.

So once the casino implements a fee in every bet then I will probably stop playing since I feel that it is not fair.

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Quote from: Cookdata on August 25, 2024, 04:54:07 PM

Quote from: Odusko on August 12, 2024, 08:20:13 AM

The motive of this thread is for us to discuss what will be you stands if online casinos charges you fees on each game you play on them, same way excahges charges you on each trading position you open, and why should excahges charges fees and casinos not charging such fees, First of all the First objective of every business is to generate revenues, so at first I wasn't curious about this, but recently I began to wonder why the difference between excahges and casinos when both have similar features which are licensing and KYC.
If exchanges take trading fee's their call it value added taxes which some part get remitted to the government.
But online cryptocurrency casino's act in the same vain because both trading and Gambling are the same it all aim at either profits or lose, but while gambling plartforms let go of the fees, exchange charges us on each regardless wether we make profits or lose in the trading position.

Exchanges are not casino or any other betting exchanges. Casino purpose is to collect money from you and if possible for you to even borrow money until you don't have any means or borrow until you have no any other means and you can become addicted while doing it, you can lose everything doing it. But you see exchange, they don't owe u anything unless you use their service to trade which you will be charg a very small trading fees depending on your trade volume.

Casinos are just a placed where they want you to come and have fun and either you win or you lose but there is no fun and entertainment in trading. Your focus will be in the amount you will get in trading and don't have to lose the money that's why it's not fair to compare trading and gambling casinos.

While it is true that casinos and exchanges have different goals and modes of operation, casinos are more about entertainment, luck-based and luck-dependent. On the other hand, an exchange represents a trading platform that needs to base decisions on a more thoughtful analysis (a mature way of thinking). But it's also worth bearing in mind that while an exchange isn't designed to lure one into becoming an addict like a casino does, the risk of losing money exists in both places.

And while the difference between casinos and their exchange is obvious, there is one similarity: both can have a very significant impact on a person's financial situation. On the stock exchange, a wrong decision can lead to large losses — just like in a casino. It is important to treat these two activities with the same understanding (or care) and make sure that the decision is made on the basis of adequate information and mature strategy. Good risk management here is key - both when trading on the exchange and playing in the casino.

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Quote from: Odusko on August 12, 2024, 08:20:13 AM

The motive of this thread is for us to discuss what will be you stands if online casinos charges you fees on each game you play on them, same way excahges charges you on each trading position you open, and why should excahges charges fees and casinos not charging such fees, First of all the First objective of every business is to generate revenues, so at first I wasn't curious about this, but recently I began to wonder why the difference between excahges and casinos when both have similar features which are licensing and KYC.
If exchanges take trading fee's their call it value added taxes which some part get remitted to the government.
But online cryptocurrency casino's act in the same vain because both trading and Gambling are the same it all aim at either profits or lose, but while gambling plartforms let go of the fees, exchange charges us on each regardless wether we make profits or lose in the trading position.

Strange question. More precisely, you mixed several questions. The obligation to pay taxes lies with you and the casino is not your tax agent (in most countries, maybe there are exceptions somewhere), while the broker can be your tax agent (based on regulations or your choice).
As for the margin that the broker/exchange takes from you, the essence is the same, it is just done in different ways. On the exchange, you are charged a commission in the form of a price spread, in the casino in the form of a house edge. And you are wrong if you think that you do not pay the casino margin if your bet wins.

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Quote from: darkangel11 on August 25, 2024, 02:11:26 PM

Quote from: Numeral on August 24, 2024, 05:19:04 PM

Companies in the gambling industry have already quite substantial stable revenues almost regardless of the circumstances. If they start introducing additional commissions, it will cause a definitely negative response from the audience and will affect the entire gambling industry badly. As a result, gamblers will play where these commissions do not exist, and since no one can oblige all gambling companies to introduce additional commissions, such places are sure to be found.

They are already making a lot of money and although their margin might look small, the amount of games played by people, sometimes on auto betting, is so big that even a 0.1% profit to the casino would eventually turn into a very large number in the long run. You're right by saying that they wouldn't try to charge people a lot of money per game, because the competition is fierce and the first casino that does it will instantly lose clients to its competitors. They would have to work together and gradually increase fees, but there's no reason for them to do so. They are not poor, barely making ends meet.

The casino industry has been a big competition for many casino and any casino that is not fair enough to keep doing what would bring gamblers to their platforms would end up losing users with time. The case of commission is one of the things that would hinder many users from continuing using the platform they are using to play bets because it does not make any sense to many gamblers paying for something that could be ignored by the casino. Most cases where I do see commissions is when I trade. Many of these exchanges and brokers are always collecting commissions which is seen as normal.

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Quote from: Odusko on August 12, 2024, 08:20:13 AM

The motive of this thread is for us to discuss what will be you stands if online casinos charges you fees on each game you play on them, same way excahges charges you on each trading position you open, and why should excahges charges fees and casinos not charging such fees, First of all the First objective of every business is to generate revenues, so at first I wasn't curious about this, but recently I began to wonder why the difference between excahges and casinos when both have similar features which are licensing and KYC.
If exchanges take trading fee's their call it value added taxes which some part get remitted to the government.
But online cryptocurrency casino's act in the same vain because both trading and Gambling are the same it all aim at either profits or lose, but while gambling plartforms let go of the fees, exchange charges us on each regardless wether we make profits or lose in the trading position.

Exchanges are not casino or any other betting exchanges. Casino purpose is to collect money from you and if possible for you to even borrow money until you don't have any means or borrow until you have no any other means and you can become addicted while doing it, you can lose everything doing it. But you see exchange, they don't owe u anything unless you use their service to trade which you will be charg a very small trading fees depending on your trade volume.

Casinos are just a placed where they want you to come and have fun and either you win or you lose but there is no fun and entertainment in trading. Your focus will be in the amount you will get in trading and don't have to lose the money that's why it's not fair to compare trading and gambling casinos.

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Quote from: Numeral on August 24, 2024, 05:19:04 PM

Companies in the gambling industry have already quite substantial stable revenues almost regardless of the circumstances. If they start introducing additional commissions, it will cause a definitely negative response from the audience and will affect the entire gambling industry badly. As a result, gamblers will play where these commissions do not exist, and since no one can oblige all gambling companies to introduce additional commissions, such places are sure to be found.

It is not denied that in reality, the company has a significant profit from its alangaan. So it is true with what you say that the addition of this commission might trigger a negative response from gamblers.

However, it should be remembered and cared for carefully that every busni has its own rights and or its own, as well as megenau adjusting the income model in accordance with their market needs and operational costs. While some players may look for platforms without commissions, others may still continue to play in a place they trust or who offer higher value in the form of bonuses or better services. So, although the addition of commissions can trigger change, the impact is not always bad if managed properly.

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Quote from: Numeral on August 24, 2024, 05:19:04 PM

Companies in the gambling industry have already quite substantial stable revenues almost regardless of the circumstances. If they start introducing additional commissions, it will cause a definitely negative response from the audience and will affect the entire gambling industry badly. As a result, gamblers will play where these commissions do not exist, and since no one can oblige all gambling companies to introduce additional commissions, such places are sure to be found.

They are already making a lot of money and although their margin might look small, the amount of games played by people, sometimes on auto betting, is so big that even a 0.1% profit to the casino would eventually turn into a very large number in the long run. You're right by saying that they wouldn't try to charge people a lot of money per game, because the competition is fierce and the first casino that does it will instantly lose clients to its competitors. They would have to work together and gradually increase fees, but there's no reason for them to do so. They are not poor, barely making ends meet.

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Quote from: Numeral on August 24, 2024, 05:19:04 PM

Companies in the gambling industry have already quite substantial stable revenues almost regardless of the circumstances. If they start introducing additional commissions, it will cause a definitely negative response from the audience and will affect the entire gambling industry badly. As a result, gamblers will play where these commissions do not exist, and since no one can oblige all gambling companies to introduce additional commissions, such places are sure to be found.

the absence of commissions will provide a good opportunity for competition to other casinos or gambling services. The player will always go where it will be more profitable for him, and so many understand that they are losing, and if you add a commission here, it will ultimately turn away such players, which will be maximally unprofitable for the game providers. So that commissions are very unlikely and their introduction in the near future I am 100% sure of this

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Companies in the gambling industry have already quite substantial stable revenues almost regardless of the circumstances. If they start introducing additional commissions, it will cause a definitely negative response from the audience and will affect the entire gambling industry badly. As a result, gamblers will play where these commissions do not exist, and since no one can oblige all gambling companies to introduce additional commissions, such places are sure to be found.

Topic: Will you still gamble? - page 2. (Read 1745 times)