comment by Nicottino (U14419)
posted 1 hour ago
My wife lost her home because her ex husband was a gambler. Because of that she hates gambling and I have never put on a single bet since we have been married.
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That's awful. I have a friend who's wife left him because his gambling addiction. It's amazing how quickly it can spiral out of control. He would get so annoyed that a horse he wanted to back, but didn't, wins. He'd then spend the rest of the week trying to win the money he thinks he's lost. And in the process, losing a sh!tload.
comment by MourOUTho (U22347)
posted 33 minutes ago
comment by Edbo (U17933)
posted 1 hour, 37 minutes ago
comment by MourOUTho (U22347)
posted 1 hour, 8 minutes ago
comment by Edbo (U17933)
posted 28 minutes ago
comment by MourOUTho (U22347)
posted 2 hours, 17 minutes ago
comment by Ace (U22467)
posted 9 hours, 7 minutes ago
The simple answer is yes, it’s a mugs game and the road to ruin if you get in too deep.
Not at the level you’re talking about - £100 a year loss is less than a tenner a month and totally negligible. But it doesn’t matter whether you’re betting a fiver on a line on the footy or high rolling in a casino, you can never beat the book. These facks aren’t in it for charity.
Close pal of mine has lost about half a million quid to gambling in the last four or five years. He always played down how much he spent, but his executive accounts with various bookmakers got him (and therefore me, numerous times) gratis front row seats at the snooker, ringside at Haye Bellew, tickets for PL games and the Darts. He’s in GA now, and nearly lost everything. It’s not just him, my uncles were wide boys, only time they left the pubs was to walk over the road to the bookies, always skint because everything they made went into the bookies pocket. Gambling is big business because because bookies want you to bet because every punter, in the end, is a mug punter.
If you want to turn your money into more money buy bricks & mortar, bitcoin and Rolex steel sports watches.
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Do you have Bitcoin, Ace?
I bought some last year, best investment decision I have made. It has gone mental over the last few months.
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I think I’m really going to kick myself in the future if I don’t get involved. If you don’t mind me asking, what did you invest and what’s that worth now?
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I had a few thousand in a premium bonds account for 5 years and made grand total of £200 profit when I cashed it out
I decided to put it all into Bitcoin and a couple of other coins (Ethereum, Litecoin, Cardano) last September and the balance has almost tripled.
It's volatile, when I originally invested, 1 Bitcoin was £7500. By March 2020, it had dropped to £3k. Right now, it's over £20k. An all time high.
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How tempted are you to sell?
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Not tempted at all mate. I'm in this for the long haul
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Good on you, it really wouldn’t surprise me if you’re up tens, if not hundreds of thousands in years to come.
Comment deleted by Site Moderator
Comment deleted by Site Moderator
Comment deleted by Site Moderator
Ace, what are your general predictions for the future of crypto? Confident they’re a shrewd investment?
Comment deleted by Site Moderator
comment by Ace (U22467)
posted 16 minutes ago
comment by Edbo (U17933)
posted 32 minutes ago
Ace, what are your general predictions for the future of crypto? Confident they’re a shrewd investment?
----------------------------------------------------------------------
I’m not an expert at all mate, from what I’ve read everything points to a continued rise in 2021 - especially with PayPal now introducing bitcoin, and the fact they are limited to a certain amount of units so it’s not vulnerable to artificial inflation in the event of worsening recession etc. I don’t know the details but supposedly the Biden administration may introduce regulations on crypto currency that could have an impact? As with anything where prices are rising be it property, gold, oil etc there’s always the risk of a bubble bursting. Could be that markets that became volatile due to covid settle down in 2021 with a vaccine which impacts crypto’s ability to grow like it did in 2020. I don’t trade in crypto’s mate, my money has always been in property, we have a broker that does some share trading for us and as above the odd sideline such as Rolex has proven profitable in the last few years, so I’m not really the best person to ask or any sort of authority by any stretch, far from it in fact. I’ve considered having a dabble but have probably missed the boat in terms of major profiteering looking at current prices. When it comes to money I’m not a risk taker. I think there are some guys on here that are really into it if you do a search
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Fair enough mate, only asked cos of one of your previous posts on this article - I assumed you had invested.
It's a mugs game because the online bookies try and shut down anyone who is actually successful at it.
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Is Gambling a Mugs Game?
Page 4 of 4
posted on 30/12/20
comment by Nicottino (U14419)
posted 1 hour ago
My wife lost her home because her ex husband was a gambler. Because of that she hates gambling and I have never put on a single bet since we have been married.
----------------------------------------------------------------------
That's awful. I have a friend who's wife left him because his gambling addiction. It's amazing how quickly it can spiral out of control. He would get so annoyed that a horse he wanted to back, but didn't, wins. He'd then spend the rest of the week trying to win the money he thinks he's lost. And in the process, losing a sh!tload.
posted on 30/12/20
comment by MourOUTho (U22347)
posted 33 minutes ago
comment by Edbo (U17933)
posted 1 hour, 37 minutes ago
comment by MourOUTho (U22347)
posted 1 hour, 8 minutes ago
comment by Edbo (U17933)
posted 28 minutes ago
comment by MourOUTho (U22347)
posted 2 hours, 17 minutes ago
comment by Ace (U22467)
posted 9 hours, 7 minutes ago
The simple answer is yes, it’s a mugs game and the road to ruin if you get in too deep.
Not at the level you’re talking about - £100 a year loss is less than a tenner a month and totally negligible. But it doesn’t matter whether you’re betting a fiver on a line on the footy or high rolling in a casino, you can never beat the book. These facks aren’t in it for charity.
Close pal of mine has lost about half a million quid to gambling in the last four or five years. He always played down how much he spent, but his executive accounts with various bookmakers got him (and therefore me, numerous times) gratis front row seats at the snooker, ringside at Haye Bellew, tickets for PL games and the Darts. He’s in GA now, and nearly lost everything. It’s not just him, my uncles were wide boys, only time they left the pubs was to walk over the road to the bookies, always skint because everything they made went into the bookies pocket. Gambling is big business because because bookies want you to bet because every punter, in the end, is a mug punter.
If you want to turn your money into more money buy bricks & mortar, bitcoin and Rolex steel sports watches.
----------------------------------------------------------------------
Do you have Bitcoin, Ace?
I bought some last year, best investment decision I have made. It has gone mental over the last few months.
----------------------------------------------------------------------
I think I’m really going to kick myself in the future if I don’t get involved. If you don’t mind me asking, what did you invest and what’s that worth now?
----------------------------------------------------------------------
I had a few thousand in a premium bonds account for 5 years and made grand total of £200 profit when I cashed it out
I decided to put it all into Bitcoin and a couple of other coins (Ethereum, Litecoin, Cardano) last September and the balance has almost tripled.
It's volatile, when I originally invested, 1 Bitcoin was £7500. By March 2020, it had dropped to £3k. Right now, it's over £20k. An all time high.
----------------------------------------------------------------------
How tempted are you to sell?
----------------------------------------------------------------------
Not tempted at all mate. I'm in this for the long haul
----------------------------------------------------------------------
Good on you, it really wouldn’t surprise me if you’re up tens, if not hundreds of thousands in years to come.
posted on 30/12/20
Comment deleted by Site Moderator
posted on 30/12/20
Comment deleted by Site Moderator
posted on 30/12/20
Comment deleted by Site Moderator
posted on 31/12/20
Ace, what are your general predictions for the future of crypto? Confident they’re a shrewd investment?
posted on 31/12/20
Comment deleted by Site Moderator
posted on 31/12/20
comment by Ace (U22467)
posted 16 minutes ago
comment by Edbo (U17933)
posted 32 minutes ago
Ace, what are your general predictions for the future of crypto? Confident they’re a shrewd investment?
----------------------------------------------------------------------
I’m not an expert at all mate, from what I’ve read everything points to a continued rise in 2021 - especially with PayPal now introducing bitcoin, and the fact they are limited to a certain amount of units so it’s not vulnerable to artificial inflation in the event of worsening recession etc. I don’t know the details but supposedly the Biden administration may introduce regulations on crypto currency that could have an impact? As with anything where prices are rising be it property, gold, oil etc there’s always the risk of a bubble bursting. Could be that markets that became volatile due to covid settle down in 2021 with a vaccine which impacts crypto’s ability to grow like it did in 2020. I don’t trade in crypto’s mate, my money has always been in property, we have a broker that does some share trading for us and as above the odd sideline such as Rolex has proven profitable in the last few years, so I’m not really the best person to ask or any sort of authority by any stretch, far from it in fact. I’ve considered having a dabble but have probably missed the boat in terms of major profiteering looking at current prices. When it comes to money I’m not a risk taker. I think there are some guys on here that are really into it if you do a search
----------------------------------------------------------------------
Fair enough mate, only asked cos of one of your previous posts on this article - I assumed you had invested.
posted on 2/1/21
It's a mugs game because the online bookies try and shut down anyone who is actually successful at it.
Page 4 of 4