You have to prove that you can take the loss - page 3.

acroman08

legendary

Activity: 2436

Merit: 1104

Quote from: Janation on August 30, 2020, 04:05:02 AM

Quote from: kayvie on August 29, 2020, 06:55:27 PM

Quote from: KTChampions on August 29, 2020, 06:05:35 PM

Quote from: GDragon on August 29, 2020, 05:49:17 AM

This law has good intentions but it is still lack basis for the gamblers. I understand that they are trying to save those gamblers who are having financial problems but I think this is not the solution, they can try to provide professional help for those gamblers maybe, but they are trying to pass a law that has so many loopholes.

And the law can affect the casinos and other gamblers too. I may not have the right solution but I hope they can really find the best one for their good intentions, but I think this ain't it.

I do not see any good intentions in considering an adult as incompetent. I think that this is a limitation in rights and quite serious - in fact, we have to prove/obtain permission to use our own money. I think this is a step towards totalitarianism. I am sure that if the government does not receive a rebuff with such initiatives, then it continues to invade all spheres of life and dictate conditions (often absurd), of course, "with the best of intentions."

This is something that we shouldn't be done. Our own hard-earned money is something that we should freely use. If this law will make require us to prove and obtain permission to use our money, then it seems that they don't have any good intentions. It will look like "our money, is their money."

I know right?

It is our money, why should we even ask them permission how we will use that? If we buy a lot of things in a grocery, they don't require us to ask them a permission, isn't it? Maybe that is because of how they can get taxes on that grocery while on the money we lost in gamlbing, they can't get anything. That is why it is better to use cryptocurrency.

I agree that it is our money and should be able to use it freely but if our gambling habit endangers ourselves or our family because of financial instability because of gambling then I would happily comply to the law. I know the law sounds restrictive but it is actually for our own good.

buying grocery and gambling is two different things and it has nothing to do with tax. I hope you realize that there are tons of people lose financial stability because of gambling and the cases is probably so bad that a government decided to act on it and put a law for it.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: kayvie on August 29, 2020, 06:55:27 PM

Quote from: KTChampions on August 29, 2020, 06:05:35 PM

Quote from: GDragon on August 29, 2020, 05:49:17 AM

This law has good intentions but it is still lack basis for the gamblers. I understand that they are trying to save those gamblers who are having financial problems but I think this is not the solution, they can try to provide professional help for those gamblers maybe, but they are trying to pass a law that has so many loopholes.

And the law can affect the casinos and other gamblers too. I may not have the right solution but I hope they can really find the best one for their good intentions, but I think this ain't it.

I do not see any good intentions in considering an adult as incompetent. I think that this is a limitation in rights and quite serious - in fact, we have to prove/obtain permission to use our own money. I think this is a step towards totalitarianism. I am sure that if the government does not receive a rebuff with such initiatives, then it continues to invade all spheres of life and dictate conditions (often absurd), of course, "with the best of intentions."

This is something that we shouldn't be done. Our own hard-earned money is something that we should freely use. If this law will make require us to prove and obtain permission to use our money, then it seems that they don't have any good intentions. It will look like "our money, is their money."

I know right?

It is our money, why should we even ask them permission how we will use that? If we buy a lot of things in a grocery, they don't require us to ask them a permission, isn't it? Maybe that is because of how they can get taxes on that grocery while on the money we lost in gamlbing, they can't get anything. That is why it is better to use cryptocurrency.

erikoy

full member

Activity: 686

Merit: 125

Quote from: kayvie on August 29, 2020, 06:55:27 PM

This is something that we shouldn't be done. Our own hard-earned money is something that we should freely use. If this law will make require us to prove and obtain permission to use our money, then it seems that they don't have any good intentions. It will look like "our money, is their money."

All it need is a seminar regarding to financial literacy. This is all it need to prove losses that could be recover. The mathematical calculation for this is very simple. If you are currently employed now with not that much salary but could have make some extra allowance then try this and see if you could have save some money for yourself.

The formula is that SALARY - SAVINGS = EXPENSES. This should how one can make savings with discipline in spending it can overcome losses over a period of time. Just set aside an extra money whe you like to bet in casino.

kayvie

sr. member

Activity: 1022

Merit: 257

Quote from: KTChampions on August 29, 2020, 06:05:35 PM

Quote from: GDragon on August 29, 2020, 05:49:17 AM

This law has good intentions but it is still lack basis for the gamblers. I understand that they are trying to save those gamblers who are having financial problems but I think this is not the solution, they can try to provide professional help for those gamblers maybe, but they are trying to pass a law that has so many loopholes.

And the law can affect the casinos and other gamblers too. I may not have the right solution but I hope they can really find the best one for their good intentions, but I think this ain't it.

I do not see any good intentions in considering an adult as incompetent. I think that this is a limitation in rights and quite serious - in fact, we have to prove/obtain permission to use our own money. I think this is a step towards totalitarianism. I am sure that if the government does not receive a rebuff with such initiatives, then it continues to invade all spheres of life and dictate conditions (often absurd), of course, "with the best of intentions."

This is something that we shouldn't be done. Our own hard-earned money is something that we should freely use. If this law will make require us to prove and obtain permission to use our money, then it seems that they don't have any good intentions. It will look like "our money, is their money."

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: GDragon on August 29, 2020, 05:49:17 AM

This law has good intentions but it is still lack basis for the gamblers. I understand that they are trying to save those gamblers who are having financial problems but I think this is not the solution, they can try to provide professional help for those gamblers maybe, but they are trying to pass a law that has so many loopholes.

And the law can affect the casinos and other gamblers too. I may not have the right solution but I hope they can really find the best one for their good intentions, but I think this ain't it.

I do not see any good intentions in considering an adult as incompetent. I think that this is a limitation in rights and quite serious - in fact, we have to prove/obtain permission to use our own money. I think this is a step towards totalitarianism. I am sure that if the government does not receive a rebuff with such initiatives, then it continues to invade all spheres of life and dictate conditions (often absurd), of course, "with the best of intentions."

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

Quote from: Janation on August 29, 2020, 06:47:07 AM

Quote from: GDragon on August 29, 2020, 05:49:17 AM

This law has good intentions but it is still lack basis for the gamblers. I understand that they are trying to save those gamblers who are having financial problems but I think this is not the solution, they can try to provide professional help for those gamblers maybe, but they are trying to pass a law that has so many loopholes.

And the law can affect the casinos and other gamblers too. I may not have the right solution but I hope they can really find the best one for their good intentions, but I think this ain't it.

Also, gamblers find their ways too.

The government are just concerned in their citizens that is why they are creating these regulations as you said but we can't just say that it is the government's fault of having these loopholes since people are also finding a way to walk around that regulations. Also, it doens't just fall to the government's hands, it also falls to these gamblers how would they behave and control their bettings.

No one can save someone from addiction without their co operation,its better to create more rehab centre for addiction if they are concerned about the gambling addiction in their country and also have to create awareness about it but they are restricing the desires of a common man just because they can't afford much.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: GDragon on August 29, 2020, 05:49:17 AM

This law has good intentions but it is still lack basis for the gamblers. I understand that they are trying to save those gamblers who are having financial problems but I think this is not the solution, they can try to provide professional help for those gamblers maybe, but they are trying to pass a law that has so many loopholes.

And the law can affect the casinos and other gamblers too. I may not have the right solution but I hope they can really find the best one for their good intentions, but I think this ain't it.

Also, gamblers find their ways too.

The government are just concerned in their citizens that is why they are creating these regulations as you said but we can't just say that it is the government's fault of having these loopholes since people are also finding a way to walk around that regulations. Also, it doens't just fall to the government's hands, it also falls to these gamblers how would they behave and control their bettings.

GDragon

full member

Activity: 658

Merit: 126

Quote from: Pamadar on August 26, 2020, 02:17:52 PM

Quote from: South Park on August 26, 2020, 12:43:20 PM

Quote from: FlightyPouch on August 23, 2020, 05:34:18 PM

Quote from: FontSeli on August 23, 2020, 05:25:28 PM

...most likely ordinary players who do not have problems with gambling addiction will suffer.

I agree, especially those people that can take those losses ten or even maybe a hundred times the set cap by this regulation. I don't think they will be willing to face an ombudsman just to prove that they can take a loss since that might affect their persona negatively knowing that they are gambling like that and in that huge amount.

This is a law that does not benefit anyone and at the same time it affects the majority of gamblers that have their gambling under their control but that now need to follow this dumb regulation, and if you really think about it you will realize that the law is completely pointless because those that are addicted to gambling and that are losing huge amounts of money in it will find another way to gamble or they will find another way to lose their money and at the end they will end up in the same situation as before.

Most of us have that same sentiments, it's not going to benefits those gamblers who know how to take their losses, the approval of this rules will really affects those gambling sites who are legally facilitated, while gamblers will choose to find other ways to hide their activities.

It wont help either way, as while helping gambling addicts you also removing gamblers from playing inside legit casino house.

This law has good intentions but it is still lack basis for the gamblers. I understand that they are trying to save those gamblers who are having financial problems but I think this is not the solution, they can try to provide professional help for those gamblers maybe, but they are trying to pass a law that has so many loopholes.

And the law can affect the casinos and other gamblers too. I may not have the right solution but I hope they can really find the best one for their good intentions, but I think this ain't it.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

Quote from: South Park on August 26, 2020, 12:43:20 PM

Quote from: FlightyPouch on August 23, 2020, 05:34:18 PM

Quote from: FontSeli on August 23, 2020, 05:25:28 PM

...most likely ordinary players who do not have problems with gambling addiction will suffer.

I agree, especially those people that can take those losses ten or even maybe a hundred times the set cap by this regulation. I don't think they will be willing to face an ombudsman just to prove that they can take a loss since that might affect their persona negatively knowing that they are gambling like that and in that huge amount.

This is a law that does not benefit anyone and at the same time it affects the majority of gamblers that have their gambling under their control but that now need to follow this dumb regulation, and if you really think about it you will realize that the law is completely pointless because those that are addicted to gambling and that are losing huge amounts of money in it will find another way to gamble or they will find another way to lose their money and at the end they will end up in the same situation as before.

Based on what you said, if this is widely regulated it would also affect the country's economy. Some countries are also getting a lot of taxes from these casinos and online casinos and I think if there will be a regulation like these in a lot of casinos or online casinos, I guess it would affect the taxes the government are getting since these people that you say might find a way to gamble and it would end up illegal..

Hippocrypto

sr. member

Activity: 1484

Merit: 277

There's no need to prove as long as you're learning from that mistakes everytime you fail in gambling. However every single instance would bring more chances of winning, so it doesn't matter to me as long as I'll win those potential bets I had.
Those betting games that has no assurance will bring proof once I begun to take courage with my funds risked, just for expectations of lucky winning profit.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

I don't care as long as I won in the end

That is the main goal of gamblers. But how can you tell if your winnings are already enough and that's enough for you? How do you define "in the end" here?

Quote from: johhnyUA on August 28, 2020, 05:25:13 PM

Quote from: jrrsparkles on August 28, 2020, 12:06:12 PM

they will just move to online gambling where ~~there~~ is no restriction and no documentation.

No restriction at the moment Wink

This will be not easy to do, but as we see trough few topics in this section, government starting to make regulations even about online casinos. 100 euro per week and no more

Maybe only dex and ethereum casinos can stand up against that.

But that will be a long way to go. Right now, gamblers can enjoy playing on these reputable casinos that are not requiring KYC at the moment.

johhnyUA

legendary

Activity: 2436

Merit: 1849

Crypto for the Crypto Throne!

Quote from: jrrsparkles on August 28, 2020, 12:06:12 PM

they will just move to online gambling where ~~there~~ is no restriction and no documentation.

No restriction at the moment Wink

This will be not easy to do, but as we see trough few topics in this section, government starting to make regulations even about online casinos. 100 euro per week and no more

Maybe only dex and ethereum casinos can stand up against that.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Saisher on August 23, 2020, 06:57:19 PM

Quote from: FontSeli on August 23, 2020, 06:20:48 PM

I very much doubt that people will even want to give out information about themselves that they actually play gambling games in online casinos. In society, as a rule, there is a bias towards people who play in casinos. Therefore, in some cases, even the fact that someone will know about your online casino games will be enough for a person to stop playing in an online casino.

Government or any public or private organization should not intervene or interrupt in any activity that people are doing that may have a bad impression in the public, the general society has a bad impression on gamblers and this will discriminate them, they can just pose serious warnings but it's on the person to imposed it to himself not the government.

Its government right to regulate anything inside their land, even in democracy you can't ask questions if it has been made a law.And not much people going to consider themselves as gambler community,they will just move to online gambling where there is no restriction and no documentation.

finaleshot2016

legendary

Activity: 1778

Merit: 1009

Degen in the Space

Quote from: Mauser on August 28, 2020, 01:56:02 AM

Quote from: finaleshot2016 on August 27, 2020, 09:49:10 PM

Actually, it's a general value that should apply to ourselves that accepting defeat on every situation we are facing is a must to grow ourselves and learn from our mistakes. This is a fact that will help you to attain your goals in life.

That's why I really support devs who really spent their time on searching the platforms' flaws to attain more users in their business. The more users they have, the more revenue will come to their business, this is a business mindset that most businessmen are applying also in life.

The problem comes into place once you get hooked on gambling. Only a fraction of player have problems with addicitions but it can definitely happen. And once you are addicited to gambling it's very hard to stop. Checking if someone can take a big loss could also help to prevent addicits from losing everything in a casino. I agree that most people can handle their emotions and are stable in life. For them it's just another form of regulations that is probably unnecessary. But for a few unlucky people it could really make a difference.

Having a businessmen mindset is great because you think in terms of risk and reward. This definitely helps in gambling and investing.

Gambling addiction is a hard case for an individual, you also need a long term solution to this for a full recovery. Some people don't know that they're already addicted to gambling and they thought that it's still normal.

This means that gambling addiction is a critical condition and should be avoided, emotions must not apply when playing gambling because it will just ruin and can cause a losing streak.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: AicecreaME on August 26, 2020, 08:32:12 AM

~
Casinos or gambling sites works that way because that's how they make bankroll every single day. Gambling sites never force anyone to play, therefore gamblers are the one who is responsible for their actions, whether they win or not.

In purely luck-based games the outcome is independent of your actions. The only thing it depends on is luck. You can save your money by not playing at all, but, as they say, "you won't win a lottery if you don't have a ticket".

Quote from: johhnyUA on August 27, 2020, 12:36:10 PM

~

Quote from: Betwrong on August 25, 2020, 03:02:00 AM

Also, it is a common misconception that casino wants to take all your money. What casino really wants is to have a lot of players and earn from the house edge. It doesn't care about whether a particular player winning or losing.

It's like an ideal engine and real engine, i think. Casino does not care about how their customer wealth and where they get money. This is questions out of this business. (the same as barista doesn't interested where you've took money for his coffee). Casino just want to make you spend your money as many as you can (the same as barista want's you to buy his drink. And it would better if you buy more expensive). And yeah, of course in both cases they trying to make client come back again.

But the difference is that in barista case, you change your money for his coffee. Trading. Product or service for money. And casino is just spending money into the hole (if we are talking about "pure" casino games - dice, slots, roulette)

But not all gamblers' money are going "into the hole". Even in games with huge house edge, like 5%, 95% is returned to player. Not to a particular player, but to all players combined. It breaks down like this. If $1 million is wagered, $50,000(5%) is taken by casino, and $950,000 is won by players. Now, since less is returned than what was staked, surely some gamblers will find themselves in a loss, but a big win by some others is not ruled out. That's why so many people keep playing luck-based games, like dice, slots, roulette etc. - some of them win big.

Mauser

hero member

Activity: 1974

Merit: 534

Quote from: finaleshot2016 on August 27, 2020, 09:49:10 PM

Actually, it's a general value that should apply to ourselves that accepting defeat on every situation we are facing is a must to grow ourselves and learn from our mistakes. This is a fact that will help you to attain your goals in life.

That's why I really support devs who really spent their time on searching the platforms' flaws to attain more users in their business. The more users they have, the more revenue will come to their business, this is a business mindset that most businessmen are applying also in life.

The problem comes into place once you get hooked on gambling. Only a fraction of player have problems with addicitions but it can definitely happen. And once you are addicited to gambling it's very hard to stop. Checking if someone can take a big loss could also help to prevent addicits from losing everything in a casino. I agree that most people can handle their emotions and are stable in life. For them it's just another form of regulations that is probably unnecessary. But for a few unlucky people it could really make a difference.

Having a businessmen mindset is great because you think in terms of risk and reward. This definitely helps in gambling and investing.

finaleshot2016

legendary

Activity: 1778

Merit: 1009

Degen in the Space

Quote from: STT on August 27, 2020, 06:58:13 PM

Learning to take a loss is a secret to success in trading also, not surprised it would be a dynamic to gambling since they are so similar in requiring some discipline under pressure.

Quote

casino really wants is to have a lot of players

Revenue is the key to many businesses. Its hard to keep high margins vs competition but economies of scale benefit a high flow of customers vs standing costs so that the greater the number of people even with a low percentage margin it becomes a more profitable business because online serving scales so well.

Actually, it's a general value that should apply to ourselves that accepting defeat on every situation we are facing is a must to grow ourselves and learn from our mistakes. This is a fact that will help you to attain your goals in life.

That's why I really support devs who really spent their time on searching the platforms' flaws to attain more users in their business. The more users they have, the more revenue will come to their business, this is a business mindset that most businessmen are applying also in life.

STT

legendary

Activity: 4102

Merit: 1454

Learning to take a loss is a secret to success in trading also, not surprised it would be a dynamic to gambling since they are so similar in requiring some discipline under pressure.

Quote

casino really wants is to have a lot of players

Revenue is the key to many businesses. Its hard to keep high margins vs competition but economies of scale benefit a high flow of customers vs standing costs so that the greater the number of people even with a low percentage margin it becomes a more profitable business because online serving scales so well.

johhnyUA

legendary

Activity: 2436

Merit: 1849

Crypto for the Crypto Throne!

Quote from: ?? on ??

The casino will always have a way to take everything from the idiots who don't realize that because the casino will tempt them to play gambling more and more.

Just in one case it will be harder to do than in another. It's enough hard to get everything from a man if he can lose only 100 euro per week (or month)

Quote from: Betwrong on August 25, 2020, 03:02:00 AM

Also, it is a common misconception that casino wants to take all your money. What casino really wants is to have a lot of players and earn from the house edge. It doesn't care about whether a particular player winning or losing.

It's like an ideal engine and real engine, i think. Casino does not care about how their customer wealth and where they get money. This is questions out of this business. (the same as barista doesn't interested where you've took money for his coffee). Casino just want to make you spend your money as many as you can (the same as barista want's you to buy his drink. And it would better if you buy more expensive). And yeah, of course in both cases they trying to make client come back again.

But the difference is that in barista case, you change your money for his coffee. Trading. Product or service for money. And casino is just spending money into the hole (if we are talking about "pure" casino games - dice, slots, roulette)

blckhawk

sr. member

Activity: 1554

Merit: 334

Quote from: Saisher on August 23, 2020, 06:57:19 PM

Quote from: FontSeli on August 23, 2020, 06:20:48 PM

I very much doubt that people will even want to give out information about themselves that they actually play gambling games in online casinos. In society, as a rule, there is a bias towards people who play in casinos. Therefore, in some cases, even the fact that someone will know about your online casino games will be enough for a person to stop playing in an online casino.

Government or any public or private organization should not intervene or interrupt in any activity that people are doing that may have a bad impression in the public, the general society has a bad impression on gamblers and this will discriminate them, they can just pose serious warnings but it's on the person to imposed it to himself not the government.

Some part of it I agreed. The problem here is not those who run casinos but the gamblers who are greed. Casinos are just being how are they supposed to be, such as earn profit from players and entertaining them at the same time. While on the other side, players can play along with it but few of them are getting indulge in pleasure and being greedy. In fact, the government receives a great kickback out of it and that was the tax. Hence, they have no much reason for them to intervene.
However, this could also be have an impact on the country in the way that, people are getting lazy and unemployed thus make give more effort for them to support their people.

Topic: You have to prove that you can take the loss - page 3. (Read 1632 times)