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[dwyane36]

I love basketball through a manga about twenty years ago and only watched some highlights of basketball matches. I have never watch a full basketball match and never bet any match too. I could be wrong but I feel like basketball is too high in intensity and many uncertain factors within a match, and it's likely harder to bet in a basketball match than in a football match.

If you have ever bet in both basketball and football, you can share your experience.

I don't think that betting on basketball matches is harder than on other sports. If you have been following basketball, especially the NBA, for a long time, you have an understanding of what to expect from a team or a particular player in a specific game or throughout the regular season. Additionally, analyzing stats, player injuries, and other factors can also be helpful when placing bets.
However, I believe this applies to all sports, not just basketball. In other words, having a deeper understanding of a particular sport is an advantage when placing bets.

[memehunter]

In short-term trading, you are just betting on random noise (in an efficient market). Considering the various fees of exchanges (brokers) it is still a negative EV game just like any casino. If you are doing leverage trading than the fees are even higher just like various games in casinos with many games with different house edges.

Brokers fees are basically irrelevant,  like 1-3 usd per trade. If you are doing serious trading with 1000 usd that means nothing (less than 0.3%). House edges are much higher.

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.

[Pmalek]

Why are the odds different among different casinos for different games?

I don't think there is a simple answer for that. There can be many different reasons. There are different odds providers on the market. One service may favor one outcome while a different favors something else. Some bookies have lower house edge than others. A sportsbook might offer higher odds than competitors in an attempt to attract more players to bet with them. It can also happen that a bookie on sportsbook A has had more bettors betting on a specific outcome than elsewhere, so they lower the odds for that market. Perhaps they even have some information that isn't yet public that affects the odds.

[iv4n]

Why are the odds different among different casinos for different games?

By constantly monitoring and adjusting odds, bookies aim to maintain a balanced book and ensure profitability while offering competitive odds to bettors.

The companies behind the websites “lay off” bets on each other to spread risk. Bets coming in affect odds, including the lay off bets, so they all end up similar.

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🔥
Learn some viral crypto terms!

📍"Giga Chad"
The fearless trader

📍"Valhalla"
The ultimate financial goal

📍"Sendor"
Someone dumping assets fast

📍"We are so back"
Market recovery hype

Do you know other slang phrases❓

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!

[TopTort777]

Why are the odds different among different casinos for different games?

In addition to what Pmalek has already posted, I think number of bets and size of betting pool matters also. When a lot of money already are bet, I think casinos make odd adjustments, probably to make bet more attractive, casino money protection policy probably gets involved also. Casinos do need to balance their bookkeeping. As a business, auditors never allow them to take full risk on themselves only. Its a complicated business, its not simply take money/pay-out money.

[Fivestar4everMVP]

Why are the odds different among different casinos for different games?

In addition to what Pmalek has already posted, I think number of bets and size of betting pool matters also. When a lot of money already are bet, I think casinos make odd adjustments, probably to make bet more attractive, casino money protection policy probably gets involved also. Casinos do need to balance their bookkeeping. As a business, auditors never allow them to take full risk on themselves only. Its a complicated business, its not simply take money/pay-out money.

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.

[Rruchi man]

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.

I bet this is one of the reasons some individuals who venture into the casino business without experience and no person's experience to also leverage on also, fail. The hidden mathematics behind the business is what keeps it profitable.

[Smartvirus]

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.

I bet this is one of the reasons some individuals who venture into the casino business without experience and no person's experience to also leverage on also, fail. The hidden mathematics behind the business is what keeps it profitable.

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.

[osasshem]

Internet service providers being my most challenge, I think accessing the BetFury website using a system (laptop or desktop) is way more satisfactory than mobile devices.

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.

I bet this is one of the reasons some individuals who venture into the casino business without experience and no person's experience to also leverage on also, fail. The hidden mathematics behind the business is what keeps it profitable.

In everything one is venturing into, the need of experience cannot be under or over emphasized. Experience gives an edge over some side falls, that are only known and recognized by those who has gone through such situations, and scaled through. There is always a hidden truth about the success of every business, and that is why, before starting a business, you need to calculate the risk and costs you might incur along the line, gather as much knowledge as possible to know when and how to use them when those needs come.

[Rruchi man]

Internet service providers being my most challenge, I think accessing the BetFury website using a system (laptop or desktop) is way more satisfactory than mobile devices.

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?

[dwyane36]

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.

Well, I think several factors influence what the odds will be on a particular event. For example, if two competing casinos use the same data provider, their starting odds are likely to be about the same. Additionally, competing casinos are probably oriented on betting exchanges and parse the odds from each other. And of course, each casino may also have its own mathematical models to refine the odds as the event progresses.

[memehunter]

Why are the odds different among different casinos for different games?

I don't think there is a simple answer for that. There can be many different reasons. There are different odds providers on the market. One service may favor one outcome while a different favors something else. Some bookies have lower house edge than others. A sportsbook might offer higher odds than competitors in an attempt to attract more players to bet with them. It can also happen that a bookie on sportsbook A has had more bettors betting on a specific outcome than elsewhere, so they lower the odds for that market. Perhaps they even have some information that isn't yet public that affects the odds.

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.

[Pmalek]

Be trendy & educated🔥
Learn some viral crypto terms!
...

To be honest, I haven't heard of most of those slangs that you mentioned. I would never guess what 'giga chad' is if I saw it somewhere unless the context was clear. I have heard people mention 'Valhalla' when talking about pumps in sentences like, 'we are going to Valhalla'. I also didn't know that someone selling or dumping their assets is called a 'sendor'. 'We are so back' isn't difficult to decode, and anyone would understand what it's referring to if they saw it somewhere while the market is on an uptrend.

[BetFury.com]

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

[memehunter]

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

On the way between the moon and Mars. 

[Slow death]

📊 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.

[notocactus]

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.

Let's discuss and make your prediction, make it comfortably if you are joining a free contest. 

Like the last market cycle, I recall that there were some initiatives from community to host Bitcoin Price Prediction contest with longer periods than 1 month. I recall those contests last for a quarter or a half of year from El Duderino. Nothing serious when it is free party to join and take something if you are lucky enough.

If Bitcoin is in reaccumulation phase, 1 month can be very boring and price won't change too much. I think it is going with a next boring month and price predictions with too wide range like from $52,000 to $109,000 is not my choice.

[crwth]

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

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.

[Rruchi man]

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

Difficult to predict still, but viewing the BTCUSD chart on a one-month time frame should give enough confidence to say that we can be bullish in a month's time again.

[AHOYBRAUSE]

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!