Will you still gamble? - page 6. | Bitcointalksearch.org

madnessteat

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Quote from: Su-asa on August 14, 2024, 08:48:17 AM

Quote from: dansus021 on August 13, 2024, 10:27:18 PM

Will you still gamble? 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 my answer is I would do still play if the fee is reasonable

The only charge I can consider reasonable is that if I have to be charged while deposit and if the amount I was asked to pay is considerable. Why I would consider it is because there are different pattern to deposit fiat/crypto to your betting account and each of them has a unique ways of collecting some percentages in other for your transactions to be processed, and these amount you are charged are always considerable.

The fees for using the casino's services are built into the return to player ratio. The deposit fee partly goes to pay the commission of the network in which you perform the transaction (if it is a cryptocurrency transaction), and the rest of the funds for operational costs associated with deposit/withdrawal of funds. Therefore, the casino gets enough commission and in my opinion it is even higher than the commission on the trading exchange.

Richbased

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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.

No matter how you try to put it, gambling and exchanges are two different things even though they are similar but trading is more likely to happen than gambling. The reason why gambling sites or companies cannot charge VAT on the amount gamblers stakes is because the possibility of losses is higher than that of winnings. You can't expect a gambler to pay VAT on a lost bet, like how is it done? Regardless of the fact that trading is also some kind of gamble but making profits in trading is possible unlike in gambling where your chances of winning is uncertain except you are lucky. Trading don't involve much of lucks as gambling does depends on luck even if you claim to be an expert in it. Casino owners even make money than exchanges because the petty charges gotten from exchange traders can not be compared to the amount of losses gamblers incur in a day which is in favour of the casino owners. However, it will be a wrong decision to impose VAT on gamblers knowing very well that they can go through a double loss.

TopTort777

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What about house edge? That is the fee casinos charge us for every single bet we make. The same “fee” exchanges charge for trading. OP, you want casinos to charge and extra fee besides house edge? I think that I and many will still gamble. People dont pay attention to small % they are being charged. And nothing can stop gsmbler from a desire to gamble. A chance to double money will always beat logic and small extra fee.

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Quote from: Rampagoe004 on August 13, 2024, 11:34:17 PM

Quote from: junder on August 13, 2024, 07:38:05 PM

stopping gambling is a good thing, but reducing gambling activity is also a good thing and this is what is happening to me now where I no longer gamble blindly, but naturally without any desire to win that must happen. and this makes my finances more stable.

The mistake of most gamblers is that they think gambling will give them a lot of money and they can get out of poverty. In fact, there are many people who become greedy in gambling that makes them want to continue to win. And they will continue to spend their money until their lives are ruined. Wise gamblers are those who really only spend a little money on gambling, do not gamble every day, and do not aim for victory and do not make many deposits. They only use the winnings to have fun. But quitting gambling is also a good thing if you feel you cannot manage your finances and addiction.

One of the most common mistakes of people or simply with those gamblers is that they do really make themselves that delusional on which they do really that believe on that they could really be able to make money constantly with gambling on which this one is really that very wrong. Once you do have this kind of intent or views towards gambling then you are just that basically making yourself that being too desperate.
Speaking about on having those additional fees then if it would be turning out that this is something which not really that right anymore or something that it isnt really that looks good then
gamblers would really be definitely be having those kind of bad impressions and would really be looking into other places because paying up something more than on what a typical gambling site would have
on which mostly talking about house edge then this is something that will really be just that enough and any excess will really be just that not right.

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Quote from: dansus021 on August 13, 2024, 10:27:18 PM

Will you still gamble? 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 my answer is I would do still play if the fee is reasonable

The only charge I can consider reasonable is that if I have to be charged while deposit and if the amount I was asked to pay is considerable. Why I would consider it is because there are different pattern to deposit fiat/crypto to your betting account and each of them has a unique ways of collecting some percentages in other for your transactions to be processed, and these amount you are charged are always considerable.

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Quote from: Ultegra134 on August 13, 2024, 03:49:15 PM

This is a completely hypothetical scenario that is impossible to happen. I know that the OP is asking if we would continue gambling, supposing it would happen, but I'm going to state that answering hypothetical questions isn't really my thing. Casinos are already earning a fortune through our bets; imposing betting fees would lead to finding other alternatives and eventually losing a huge player base. It's completely unreasonable to charge fees just to place a bet that may range from as little as $0.50 up to hundreds of dollars.

In recent years things have changed a lot, for example, casinos have started to appear that charge an inactivity fee for accounts. This is very strange and I don't see any reason for such a radical decision because casinos are the only ones that make money at the end of the day while players are only losing money most of the time they play. That's why I won't be surprised if in a few years casinos appear that charge fees every time people play. If this happens I will continue to play at the casino, but I will reduce the amount of money and time I play because I see games as entertainment and I don't want to lose a lot of money gambling.

Quote from: summonerrk on August 14, 2024, 06:43:20 AM

Quote from: Rampagoe004 on August 13, 2024, 11:34:17 PM

Quote from: junder on August 13, 2024, 07:38:05 PM

stopping gambling is a good thing, but reducing gambling activity is also a good thing and this is what is happening to me now where I no longer gamble blindly, but naturally without any desire to win that must happen. and this makes my finances more stable.

The mistake of most gamblers is that they think gambling will give them a lot of money and they can get out of poverty. In fact, there are many people who become greedy in gambling that makes them want to continue to win. And they will continue to spend their money until their lives are ruined. Wise gamblers are those who really only spend a little money on gambling, do not gamble every day, and do not aim for victory and do not make many deposits. They only use the winnings to have fun. But quitting gambling is also a good thing if you feel you cannot manage your finances and addiction.

Golden words. And I think that casinos hate such players who have 100% control over themselves, and those gamblers who do not take casinos seriously at all, seeing them only as temporary entertainment.
This is the key to the correct understanding of gambling. And as you correctly wrote - you cannot observe the frequency of visits to an online or physical casino. You only need to occasionally visit this place for entertainment, and then the gambler will never develop a habit of constantly visiting the casino.

The VIP account system is precisely to show that people who play with more money or who have been playing with considerable amounts of money for many years are the ones most loved by the casino. There is nothing wrong with that, because even in stores, when you have a customer who spends a lot of money shopping in store X, then the owner of that store X starts to pay much more attention to that customer who spends a lot of money in the store.

summonerrk

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Quote from: Rampagoe004 on August 13, 2024, 11:34:17 PM

Quote from: junder on August 13, 2024, 07:38:05 PM

stopping gambling is a good thing, but reducing gambling activity is also a good thing and this is what is happening to me now where I no longer gamble blindly, but naturally without any desire to win that must happen. and this makes my finances more stable.

The mistake of most gamblers is that they think gambling will give them a lot of money and they can get out of poverty. In fact, there are many people who become greedy in gambling that makes them want to continue to win. And they will continue to spend their money until their lives are ruined. Wise gamblers are those who really only spend a little money on gambling, do not gamble every day, and do not aim for victory and do not make many deposits. They only use the winnings to have fun. But quitting gambling is also a good thing if you feel you cannot manage your finances and addiction.

Golden words. And I think that casinos hate such players who have 100% control over themselves, and those gamblers who do not take casinos seriously at all, seeing them only as temporary entertainment.
This is the key to the correct understanding of gambling. And as you correctly wrote - you cannot observe the frequency of visits to an online or physical casino. You only need to occasionally visit this place for entertainment, and then the gambler will never develop a habit of constantly visiting the casino.

laijsica

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Quote from: Rampagoe004 on August 13, 2024, 11:34:17 PM

Quote from: junder on August 13, 2024, 07:38:05 PM

stopping gambling is a good thing, but reducing gambling activity is also a good thing and this is what is happening to me now where I no longer gamble blindly, but naturally without any desire to win that must happen. and this makes my finances more stable.

The mistake of most gamblers is that they think gambling will give them a lot of money and they can get out of poverty. In fact, there are many people who become greedy in gambling that makes them want to continue to win. And they will continue to spend their money until their lives are ruined. Wise gamblers are those who really only spend a little money on gambling, do not gamble every day, and do not aim for victory and do not make many deposits. They only use the winnings to have fun. But quitting gambling is also a good thing if you feel you cannot manage your finances and addiction.

Gambling should be taken as a form of entertainment by every gambler as it can lead to huge losses from time to time by spending extra money. You should set aside a limited amount of money for gambling every month or week and keep the mentality that he can win or lose with that money. Whenever you don't have clear boundaries you are more likely to become addicted to gambling. Whenever a gambler becomes greedy he may suffer a lot at one time because he may have won once and in that greed he will continue to play the same way again and he will continue to lose and become completely destitute.

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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.

That would be unfair, just imagine you're paying fees whether you win or lose, there are more bets than trades I usually do 30 bets, I'm just feeding the casino with my money and that's unfair however you look at it.

Gambling is different from trading, on trading you have a better chance of wining because you are up against the market and how good you are at predicting on casino you are up against the edge of the casino, which they always in win.

Gambling is an entertainment portal players should enjoy while playing and they should not think that they are being shortchanged, gamblers will instead play on physical casinos as playing online will cost them a lot.

satscraper

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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.

People are different. I'm not trading at all in the sense of making money from such kind of activity. Yeah, I exchange my BTC for fiat, but this is not a trading.

At the same time, I'm not gambling at all in the sense of making a living. I gamble just to vary mu routine. So, my so called "trading" and "gambling" don't intersect with each other. On the contrary, my "trading" helps gambling when I need cash to buy chips at local casinos.

Gozie51

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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.

Gambling casino or game house could be compared to crypto exchanges in the light that they both are for the purpose of making profit but there is a clause on them both regarding the way that they operate. As for casinos , they don't let go of fees but they are paid directly such fee in terms of staking. Afterall, it is the casino that pay winners from their purse either through the loses from gamblers. Unlike the gambling sites, the casinos have a P2P relationship with customers while the crypto exchange is basically operating as a channel for P2P for others in most cases that is not theirs and so they have to charge fees for the "third" service that they are escrowing. Exchanges are like escrow and escrow is entitled to some benefit in the deal and that is the justifiable reason for their guide and involvement. So, it is simple to know this difference even though both are profit oriented and pay tax or other charges to the government of their jurisdiction.

ethereumhunter

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Casino don't need to takes more fees from gamblers because they can takes much money from the lose gamblers. That will be big money for casino and that is their profit from their business. Casino know that many people will still playing gambling even if they lose so if casino have that fees, many people will complain and will not like to playing gambling on that casino.

For gamblers who want to withdraw their money, casino only gives transaction fees to them so they don't have to pay anything except that fees. That will be a thing to attracts the gamblers to return to the casino and playing gambling like before. But if casino have another fee to pay, I don't want to return to that casino because I don't want to pay more fees besides of transaction fees.

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Quote from: junder on August 13, 2024, 07:38:05 PM

stopping gambling is a good thing, but reducing gambling activity is also a good thing and this is what is happening to me now where I no longer gamble blindly, but naturally without any desire to win that must happen. and this makes my finances more stable.

The mistake of most gamblers is that they think gambling will give them a lot of money and they can get out of poverty. In fact, there are many people who become greedy in gambling that makes them want to continue to win. And they will continue to spend their money until their lives are ruined. Wise gamblers are those who really only spend a little money on gambling, do not gamble every day, and do not aim for victory and do not make many deposits. They only use the winnings to have fun. But quitting gambling is also a good thing if you feel you cannot manage your finances and addiction.

dansus021

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Will you still gamble? 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 my answer is I would do still play if the fee is reasonable I mean some sites ex. In Centralized Exchange can make a different fee from the other and make expensive one from there I'm going to move do different CeX and choose the lower fee.

Taxes is different thing with regular fee like in my country you need to pay tax on every trade you make in licensed CEX. Maybe in other there is also a country who charge your winning bet or something similiar.

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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.

First of all, and in reality it is incredible how much ignorance there is on the subject, in your case OP. well, you are the one who asks the question, but reading others users mentioned things like casinos earn commission on WD is laughable.

For your information, there is something called HE in traditional gaming casinos.

Then in poker casinos rake is charged, and if you are not careful with this, in a game section, you can end up paying more rake than the winnings themselves, that is why things like rakeback these are really important

And for those who play tournaments, there is a fixed commission that is paid for each tournament that is played, or bought.

Finally, we pay commission and higher fees, you don't see it, because of your limited understanding of the subject.

Yatsan

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Quote from: junder on August 13, 2024, 07:38:05 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.

if this happens it seems like I will reduce gambling not stop, although there is a possibility to stop but once in a while there must be thoughts of wanting to gamble. what happens in my environment is that many young people often gamble online because it is tempting and some even have serious problems because they are addicted to gambling with cases that harm others. and the changes that occur in many gambling platforms are that the minimum bet amount increases where they can no longer bet with a small or low amount but they have to bet with a large amount. I myself experienced this change, I rarely gamble and even feel no interest in gambling anymore but once in a while I do it because I just want to.

Yeah I agree that it's quite normal to feel the odd temptation, even for me if had to set my eyes on reducing or even quitting gambling. My first step to share you guys to manage these feelings effectively is recognition. Small changes in gambling platforms, raising minimum stakes, for example, can make interesting changes in people's behavior and often inexplicably push them to gamble more or differently. It's possible for anyone's to get help from a therapist or support groups like here in this forums for alternative suggestions and encouragement. In personal opinion activities could be inclusive of other pursuits in the hobby area or involving sports but for me it became the computer online games, which improve my mood and offer balance in my time and interest. Just take yourself some time in this process, at times. If self-management appears too difficult, then professional help will allow you to devise more specific strategies and get support through your particular situation.

junder

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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.

if this happens it seems like I will reduce gambling not stop, although there is a possibility to stop but once in a while there must be thoughts of wanting to gamble. what happens in my environment is that many young people often gamble online because it is tempting and some even have serious problems because they are addicted to gambling with cases that harm others. and the changes that occur in many gambling platforms are that the minimum bet amount increases where they can no longer bet with a small or low amount but they have to bet with a large amount. I myself experienced this change, I rarely gamble and even feel no interest in gambling anymore but once in a while I do it because I just want to.

stopping gambling is a good thing, but reducing gambling activity is also a good thing and this is what is happening to me now where I no longer gamble blindly, but naturally without any desire to win that must happen. and this makes my finances more stable.

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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, if regulated and operating within the law, is one of the highest tax paying establishments in the world.
However, these taxes are often not clear to players, as the casino or website pays them directly to the government and does not inform its users of these amounts.

Perhaps some government may want to change this, causing taxes to be charged directly from users at the time of betting and not after the casino, but believe me, this is unlikely to change.

In any case, I believe that this would be very bad for users... today we have several sites that operate outside the laws, and if user fees are increased with more taxes, these users will possibly migrate to sites that operate underground, which do not charge taxes, but are more insecure.

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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.

The amount of money that they take from the gambling sites at the gambling site is usually the money that is used in gambling and the winnings and bets placed on the games. From all this money they take a small amount as tax, gambling sites usually contribute bonuses to attract more known gamblers. In the beginning, gambling sites usually have low profits and low fees, in this case, when the number of gamblers increases, they reduce the bonus again and increase the amount of freebies, which are usually taken as a percentage from gamblers.

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A very highly unlikely scenario but let's give it a try. I think if I've seen it happen, I won't gamble anymore to the casinos that asked me to pay a fee for each of their games.

Come and say about we're into gambling for entertainment and having fun so, there's no more fun with that. But those gamblers that are seriously gambling, they're going to continue as long as they're profitable into that casino.

Many of these gamblers that are making a living from it probably will have to adjust but it won't that be much if fees are like pennies but to me, I won't take it.

Topic: Will you still gamble? - page 6. (Read 1762 times)