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Showing 20 of 59 results by TobeyHolo
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Topic
Board Gambling discussion
Re: Can Gambling affect your relationship?
by
TobeyHolo
on 25/09/2023, 09:48:51 UTC
Don't really think its the gambling that causes relationship breakdowns, its when partners or family members are kept in the dark or deceived, which breaks the trust that's so essential in any relationship. It's up to us to make informed decisions, to be self-aware of our behaviors, and to ensure we're not crossing lines that jeopardize our relationships and personal well-being.
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Topic
Board Gambling discussion
Merits 1 from 1 user
Re: Has your Responsible Gambling had any of these Effects on You?
by
TobeyHolo
on 25/09/2023, 09:44:33 UTC
⭐ Merited by Betwrong (1)
Finding balance between work/relationships/hobbies (i.e. gambling) is important for your wallet and mental health for sure. When you have no budget or limit then the highs and lows, the uncertainty, the constant chase when gambling – it wears down both the spirit and the body over time. I have fun with it when i take every loss as expected and every win as a bonus. I think the only way to keep gambling as a pleasure activity is to go in with no expectation - that way you're always winning haha
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Topic
Board Gambling discussion
Re: What is the Difference Between Plying Gambling on Online Sites and Real Casinos?
by
TobeyHolo
on 25/09/2023, 09:28:49 UTC
I also mainly play online but going to a live casino is a completely different experience. Can be quite overwhelming if you're used to just playing alone in a room because its a multi-sensory event the minute you walk in with the noise and smells and gambling amongst others. Its quite fun though when you can watch and interact with the dealers and other players, and there's a sense of camaraderie especially at games where many people can win together. In some casinos as well theres additional entertainment and free food/drinks going around. Definitely recommend you flying to a diff country and experiencing it yourself when you can!
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Board Gambling
Re: Quit gamble! Easy or Hard? Let's talk.
by
TobeyHolo
on 25/09/2023, 09:19:07 UTC
Definitely agree that gambling as a primary source of income can be dangerous and stressful but life is all about managing risk right? Sounds like you suffered a huge loss lately maybe? Agree to the extent that using gambling as a means to earn regularly can trap one in a cycle of dependency, where the next bet always feels like the chance to "make it all back" - but at the end of the day maybe you have to separate work from pleasure so that your day job doesn't become an addiction
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Topic
Board Bitcoin Discussion
Re: I learned something new from Bitcoin today
by
TobeyHolo
on 25/09/2023, 09:10:19 UTC
Comparing Bitcoin to gambling doesn't feel right to a lot of people. From what you've shared, it sounds like you've found more potential in Bitcoin trading and that it's been more profitable for you than gambling. If you're feeling the Bitcoin vibe, keep learning and go with it. Maybe you're on your way to being a crypto mogul lol
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Board Bitcoin Discussion
Re: Bitcoin is life
by
TobeyHolo
on 25/09/2023, 09:03:12 UTC
I get what you're saying but agree with others that its quite silly comparing gambling to Bitcoin - not really the same thing. Bitcoin obviously has potential and is a technological advancement in the financial world, but it's also not a sure bet. Investing in stuff like crypto can be as unpredictable as a dice roll. Investing in any asset, including Bitcoin, comes with its own set of risks. The cryptocurrency market is known for its volatility.
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Topic
Board Gambling discussion
Re: How was your first experience with gambling?
by
TobeyHolo
on 25/09/2023, 08:32:21 UTC
The first time I ventured into a casino was out of sheer curiosity. In the beginning, despite my best efforts and strategies, luck seemed to elude me. Every spin of the wheel, every roll of the dice, every card dealt felt like it was conspiring against me. I was shown around by a friend who had played close to every single casino game.

Eventually him and I parted and I sat down at a blackjack table with my last $300. At first, my cards were terrible, and I lost hand after hand on the minimum bet ($40). But then, during a flip of luck, I was dealt an ace and a face card – a blackjack. This roll kept going until I was even and even up slightly! That thrill of winning big hooked me instantly. It made me see why so many get lost in the game.
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Topic
Board Gambling discussion
Re: Are no KYC casinos taking risks?
by
TobeyHolo
on 21/09/2023, 10:28:53 UTC
Fraud cases are becoming a real problem for gambling industry, from schemes like bonus hunting, account farming, account hijacks and illicit chargebacks on the rise I believe that many new casinos aren't prepared for the menace ahead.

Some casinos still believe that not asking for KYC is cool, but it's actually not, I see casinos with no kyc as a red flag because you can't run your business this way without getting into trouble with regulators.

Casinos neglect identity check but little did they know that they can be fined for it, if fraud cases arise from your casino and it's been investigated, your business is going away soon or you pay up for fine. One, for failing to screen customers using the KYC process, two, for possible running of unregistered casino.

Do you think your casino can be regulated without the AML policy? The requirements says it's all, so is it possible that those casinos doing their no KYC stuffs are not even registered? 

Hey, you've hit the nail on the head there! With all the sneaky stuff going on in the gambling world, I'm honestly surprised some casinos are still playing it fast and loose with KYC. I mean, c'mon, skipping the identity check might sound all chill and user-friendly, but it's basically a neon sign saying "Potential shady business ahead!"

I'm with you; seeing a casino with no KYC is a big-time side-eye from me. And the fines? Pshh, good luck to those casinos that think they can just dodge the system. They're setting themselves up for some real headaches. Thinking they can roll without AML policy is just... well, naive might be putting it kindly. Makes you wonder if they've even got their papers in order, right?  Grin
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Topic
Board Gambling
Re: Navigating the World of Online Gambling
by
TobeyHolo
on 21/09/2023, 10:26:07 UTC
Diving into the world of online gambling without doing your homework is just asking for trouble. It's like, we all want to trust that these platforms are on the up and up because of those governing bodies and all, but let's be real – always double-check where you're putting your money. And totally with you on setting limits; it's like setting a gaming timer but with higher stakes. Nobody wants to wake up with that "Oh no, what did I do?" feeling. Gambling's cool as a fun side thing, but let's not turn it into a full-blown addiction. Everyone, keep these tips in your back pocket! 👍
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Board Gambling discussion
Re: Experience for new and old gambler?
by
TobeyHolo
on 21/09/2023, 10:22:53 UTC
Someone who's journeyed through the entire evolution of gambling has seen and adapted to various forms, which might mean their bond to gambling is deeper. However, modern online or crypto gambling can be quite addictive due to its accessibility and speed. But breaking an addiction isn't solely about exposure; personal factors play a massive role. Both could face challenges quitting, and it really boils down to the individual's circumstances. Everyone's relationship with addiction is unique.
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Board Gambling discussion
Re: Experience for new and old gambler?
by
TobeyHolo
on 18/09/2023, 09:12:47 UTC
That's an interesting thought! @OP. A gambler who's seen gambling evolve from the streets to the digital age might have a deeper connection to it, simply because they've adapted through the changing times. But someone who's only known online or crypto gambling could get hooked faster due to its convenience and pace. However, breaking an addiction isn't just about how long or where one's gambled; it's also about personal factors and support systems. Both could have a tough time quitting, depending on their individual circumstances. It's a complex issue, and every person's journey with addiction is unique.




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Topic
Board Beginners & Help
Re: All business need to risk, so not only crypto!
by
TobeyHolo
on 18/09/2023, 09:06:15 UTC
Risk is something that occurs on an everyday basis. It is a risk to cross the street, drive your car or even get into an elevator. Risk comes at every stage of your life and field so of course it is no different.

In the crypto world: we often hear more about the successes than the failures, leading to survivorship bias. Cryptocurrencies, being relatively new, are volatile and considered "high risk" due to drastic price fluctuations and limited regulations. It's important to research and understand this market, investing only what one can afford to lose. Given the diverse financial situations and risk tolerances, crypto might suit some but not others. In short, approach crypto with caution and informed judgment.




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Topic
Board Gambling
Re: Navigating the World of Online Gambling
by
TobeyHolo
on 18/09/2023, 08:54:52 UTC
It's crucial for everyone, especially newcomers to the online gambling world, to be aware of these considerations. Ensuring a platform's credibility and protecting oneself from potential pitfalls is essential.

Your point about checking a casino's reputation is particularly vital. In this age of online reviews and forums, it's relatively easy to find feedback from other users. Their experiences can be invaluable in gauging the reliability of a particular platform.

Additionally, the emphasis on protecting one's privacy cannot be overstated. Cybersecurity is a significant concern in today's digital age, and it's crucial to be wary of platforms or individuals asking for personal information without clear justification.

Your advice about setting betting limits and resisting addiction is a timely reminder. It's so easy to get caught up in the excitement of potential wins, forgetting the primary purpose of such platforms: entertainment. Gambling responsibly ensures it remains a form of entertainment and doesn't become a damaging habit.

Overall, your post is a vital read for anyone considering or already involved in online gambling. Thank you for shedding light on this important subject and advocating for responsible gambling practices.




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Topic
Board Trading Discussion
Re: Does monitor size affect trading?
by
TobeyHolo
on 18/09/2023, 08:24:29 UTC
 The primary advantage is the ability to view multiple charts, data streams, news feeds, and trading platforms simultaneously. This enhanced visibility can aid in quicker decision-making, especially when seconds count in fast-moving markets.

Larger screens can offer a clearer and more detailed view of charts, making it easier to spot minute price movements, trends, or anomalies. For traders who analyze multiple assets or use various timeframes, being able to display all this information concurrently without constantly switching between tabs or windows can be invaluable.

However, it's essential to note that while having a larger screen or multiple monitors can improve workflow efficiency, it doesn't guarantee better trading outcomes. Successful trading hinges more on strategy, discipline, risk management, and continuous learning. While a bigger screen might enhance the experience and make certain tasks more convenient, it's just one tool in a trader's arsenal.

So, to answer your question: Yes, there's a functional benefit to trading on larger screens, but it's not a silver bullet for trading success. @OP
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Topic
Board Gambling discussion
Re: When the fun stops
by
TobeyHolo
on 18/09/2023, 08:21:34 UTC
I completely understand where you're coming from and appreciate the thoughtfulness behind your post. Online gambling, like any form of entertainment, should primarily be about enjoyment. When the line between entertainment and financial desperation blurs, it can lead to unhealthy behaviors and addiction.

It's true that the world is challenging and many are seeking alternative ways to make ends meet, but gambling shouldn't be seen as a reliable income source. The moment the primary motivation shifts from entertainment to solely making money, the essence of responsible gambling is lost. Those feeling overwhelmed or not deriving joy from it anymore should indeed consider taking a break, reflecting, and perhaps seeking other forms of entertainment or relaxation.

I agree that a healthy relationship with any form of entertainment involves balance, self-awareness, and boundaries. It's essential for individuals to check in with themselves regularly to ensure they're engaging in these activities for the right reasons. Your post serves as a valuable reminder of the importance of self-reflection and moderation.




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Topic
Board Gambling
Re: Lotteries and possibility vs. probability
by
TobeyHolo
on 18/09/2023, 08:19:07 UTC
For many U.S. lotteries, approximately 50% to 60% of ticket sales are returned to players in the form of prizes. This means that for every dollar spent, only $0.50 to $0.60 is returned to players on average, and $0.40 to $0.50 is "lost" from an EV perspective.

This is significantly worse than any gambling game in any casino or slot.
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Topic
Board Gambling discussion
Re: The madness of gambling addicts.
by
TobeyHolo
on 18/09/2023, 08:09:49 UTC
Gambling addiction can be as detrimental and consuming as severe drug addiction. Both can lead to devastating personal, social, and financial consequences, highlighting the profound impact behavioral and substance addictions can have on individuals and their loved ones.

However, just as there are those who can enjoy a casual bet without falling into addiction, there are those who might use certain substances recreationally without becoming dependent.
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Topic
Board Gambling discussion
Re: Are successful gamblers seen as addicts?
by
TobeyHolo
on 18/09/2023, 08:04:04 UTC
~snip~
This is correct 95-98% of the time. However there are truly long term winners in sports, baccarat and poker that have withstood the test of time. Google Phil Ivey and Stu Ungar as examples.

If you have sports where people will compete against themselves over time, instead of against the casino, then you will see eventually a pattern where only a few will win more times.

This is basically the Pareto distribution, where a small number of individuals get the most amount of the "pie".

It's just luck, in the same way that Paul the Octopus was able to predict 12 out of 14 correct matches, that's being right 85.7% of the time.

From what you have described - the Pareto distrubution term also refers to most people in crypto also. Just adding on to your point, most of the money goes to 10% of the people in crypto, the rest lose. This is the same in trading.
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Topic
Board Gambling discussion
Re: I will pass KYC later is a bad idea
by
TobeyHolo
on 18/09/2023, 08:01:08 UTC
Online casinos must adhere to strict KYC (Know Your Customer) procedures to combat money laundering and other illicit activities like arbing and bonus abuse. However, many customers dislike these protocols such as signing up KYC before playing, preferring more streamlined processes. This resistance often prompts online platforms to implement more rigorous KYC checks only during withdrawals. This approach aims to strike a balance between regulatory compliance and customer preference.
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Board Altcoin Discussion
Re: Altcoins that you trust most
by
TobeyHolo
on 18/09/2023, 07:53:27 UTC
It is interesting there is still good sentiment here for BNB. The SEC's recent lawsuit against Binance presents another hurdle for the BNB coin, intensifying the regulatory issues the exchange faces globally. Given BNB's close ties to Binance, any operational restrictions in major economies could drastically impact its liquidity. The coin's current decline, coupled with the lengthy anticipated legal battles reminiscent of the Ripple v. SEC case, suggests a challenging year ahead for Binance. My perspective on BNB is bearish/neutral for this year.