The point is even with 0.1% fees trading will still be a negative EV game just like any casino game. It seems that you are arguing with the presumption that casinos have >1%  house edge which is not true. You can have an edge over other people and casinos in sports betting and poker, which makes them positive EV games. You will not find positive EV opportunities in short-term trading (in an efficient market) because you are just gambling with random noise.

I have shared a few quotes that sum it up. There are many articles and videos that explain "How they do it" in much more detail. It's not bad to read and learn about some of the things that bookies do to make money.


Be trendy & educated, and learn some crypto slang phrases! I didn't know about these, and the first one that comes to mind is "Strong hands". This means that you don't sell anything even when the whole market is crashing like crazy!

I agree with you really, running a casino into good success and sustaining it isnt just about taking money for bets from gamblers and paying out to those who wins a bet or wins a game in other gambling categories, there is mathematically much more complex calculations that happens or is happening in the background that we can not see, or even imagine.

Initially, I've always thought that odds are given equally to both team in a sports game that is coming up, then as gamblers are betting, the odds begins to changes based on which team is getting more bets and which is getting less, but I realized this was a false believe, there are more complex mathematics that goes into determining what odds a team begins with in a coming match, and how the casino tries to ensure that the odds isn't far different from what other casinos are offering so they don't lose their customers to the casino with better odds.

There are always going to be an underlying side to it that isn’t exactly pronounced to the public, sides like keeping up with regulations, permits, bonuses and promotions and the house edge that is being mentioned. All that counts towards how profitable you could be and still have to keep your gambling customers loyal to your platform. They all exists in some delicate balance and with a good team behind the casino, it would edge even more towards success.

It is all preference still because to some persons, using a laptop or a desktop defeats the purpose of online gambling to them, which is something they know should have some ease to it. This ease is not just sitting and being able to sit in your home and be able to gamble, but also being able to gamble while using your mobile phone while engaging in other activities that are not too serious. With a laptop, that is not really possible.

Now I am thinking, What do you consider the most important requirement for someone who is new and wants to get into the casino business?

Do you think money?  or the experience in the business?

I place money highest because aside from money giving you the cushion to be able to make some kind of mistake and still survive in business, money can buy the experience of another person.

What do you think?

If you are talking about sports betting, in addition to what @Pmalek has already explained, a big whale (bettor with a huge amount) can also shake the odds lines of any casino (if they are making their own odds).  IMO it is directly linked to money in play as casinos do not pay from their own pocket, they just try to match and balance bettors.

📊 Where will Bitcoin be next month? Let's discuss

Predicting the price of bitcoin for long periods of time like 1 month is not an easy task, but my prediction is that for the next month the price will continue to fall until it reaches $73,000 which will be the most dangerous point. If it falls below $73,000 then we will see prices of $52,000 to $69,000 again for a few months. As we have already seen the price reach levels of $109,000, if it falls to $52,000, I believe that many people will see this opportunity as if they were winning the lottery.

I think with my technical analysis, it would be lower, and it’s not just going to be a close low but a very low for this year. We have been lacking in power to really increase the price, and the market is slowing down. I don’t really think it’s a bad idea because we could buy more because of this and see how it turns out for other countries as well. They may get some Bitcoin reserve or something.

I think betfury should work on their responsible gambling approach to be honest. Some days ago I took a 1 day self exclusion, just to test it and now that I wanted to use it again it tells me that you cannot do more than 1 week within a month. Why??



So basically people that want to take a break can only take a week or less, or indefinite. This should not be the case and is definitely the wrong approach if you actually take responsible gambling seriously.
1 week is way too short and if you tell people to take either 1 week/less or indefinite and basically lose/give up all your VIP benefits you accumulated so far, that's not a fair option. At least add a month or something like that, 1 week is ridiculously low. Hopefully this constructive criticism reaches open ears!