General Discussion: I have 15k(ish) to invest - please advise me!


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swede
swede avatar

9967 posts since 21/3/09

23 Mar 2021 16:42
Rez wrote: Shocking stuff, gambling commission completely at fault imo

fucking mental this - thanks for the link. cant believe it is allowed to happen. gambling commission have a lot to answer for
zappa1903
zappa1903 avatar

483 posts since 26/8/14

23 Mar 2021 17:04
Gambling commission are pretty useless to be honest, worked in the gambling sector for 14 years and have seen all sorts of things in that time. Things are slowly improving but still slow and so many things wrong with it at the moment. The chief executive of the commission has just left which hopefully means someone sorts a lot of this mess out in the future but wouldn’t count on it. What the country needs is a gambling ombudsman who will fight and protect customers opposed to a government organisation who promise a lot of things and fail to deliver.
Rez
Rez avatar

8730 posts since 5/4/09

posted 23 Mar 2021 17:08, edited 23 Mar 2021 17:08
Betting and gaming council are also terrible, doesn't help that the gambling industry is where some of the shittest politicians go to do private jobs too.

Ad industry ought to do far more to regulate and limit the amount of gambling ads as well, still a complete wild west. Doesn't help that the gov is more focused on high-fat-high-sugar ads, and can only focus on one thing at a time.
zappa1903
zappa1903 avatar

483 posts since 26/8/14

23 Mar 2021 17:19
The amount of adverts for gambling is shocking at the moment. During Cheltenham i didn’t see one about safer gambling or similar. With the amount of people who can’t control there gambling and all the harm it causes I’m surprised there even allowed at all. I’ve noticed more adverts for the National lottery recently than I can ever remember and the sooner there banned the better.
silv
silv avatar

250 posts since 26/1/12

23 Mar 2021 17:23
themistake wrote:
Rez wrote: Shocking stuff, gambling commission completely at fault imo

Yeah, they are. And there needs to be immediate action on similar companies operating. I know someone on here was posting about SoRare.
That isn't even regulated by anyone and is taking bets for some players at £50k a pop. Just to play a game for the chance to win £30, you have to spend £1000+ on players. And the current licensed players are pretty shite, so will just be replaced by better players once more licensees come onboard, reducing the value of your players/bets.

Agree on your point that sorare isn’t regulated, but I think it’s ridiculous to try and compare the 2 platforms.
The fantasy option on sorare where rewards are offered is free to enter, therefore not classed as gambling. Your using your NFT cards for this which can have multiple purposes, which you own and are not a bet. You’ve got the collectible side, which I only think will grow but everyone can have there own opinion on that, look at how physical card prices are rising.
Think you need to have a read about it before trying to compare and tarnish it with the same brush.
swede
swede avatar

9967 posts since 21/3/09

23 Mar 2021 19:18
zappa1903 wrote: The amount of adverts for gambling is shocking at the moment. During Cheltenham i didn’t see one about safer gambling or similar. With the amount of people who can’t control there gambling and all the harm it causes I’m surprised there even allowed at all. I’ve noticed more adverts for the National lottery recently than I can ever remember and the sooner there banned the better.

completely agree. no soyboy/leftwing but it should be like cigarettes
themistake
themistake avatar

10847 posts since 20/2/06

23 Mar 2021 23:22
silv wrote:
themistake wrote:
Rez wrote: Shocking stuff, gambling commission completely at fault imo

Yeah, they are. And there needs to be immediate action on similar companies operating. I know someone on here was posting about SoRare.
That isn't even regulated by anyone and is taking bets for some players at £50k a pop. Just to play a game for the chance to win £30, you have to spend £1000+ on players. And the current licensed players are pretty shite, so will just be replaced by better players once more licensees come onboard, reducing the value of your players/bets.

Agree on your point that sorare isn’t regulated, but I think it’s ridiculous to try and compare the 2 platforms.
The fantasy option on sorare where rewards are offered is free to enter, therefore not classed as gambling. Your using your NFT cards for this which can have multiple purposes, which you own and are not a bet. You’ve got the collectible side, which I only think will grow but everyone can have there own opinion on that, look at how physical card prices are rising.
Think you need to have a read about it before trying to compare and tarnish it with the same brush.

I’m trying dude.
I deposited into the platform and lost a couple of auctions and left it at that.
But I just can’t see how it can’t face a similar fate as the FI model.

NFT’s will soon look like all the photo links on this site from 6 years ago. Broken links. As soon as Sorare’s hosting or hosting platform is in trouble, it’s just a broken link.
So that’s a big concern as far as the collectible side goes.

The licensees issue is exactly the same issue as IPO’s for FI, but on a much larger scale. No one is going to want that Moise Kean card we spoke about, when They can have any player in the PL.
I’m sure you can argue that sorare will make it so that that card is worth more pts so that the early investors are rewarded or something, Well that’s a like a pyramid scheme isn’t it?

I dunno, big warning lights are flashing for me.
Why would you have such large amounts of money in an unregulated platform?

You said you was using the platform to flip players. That’s a good approach as long as game terms don’t change overnight. Have you checked the t&c’s?

People say that an ETH crash won’t affect the platform. How can it not?
I buy an Alphonso Davies card at 15k euro and that’s converted to ETH straight away. Then if ETH collapses, that card is now worth less than the 15k I deposited??
themistake
themistake avatar

10847 posts since 20/2/06

posted 23 Mar 2021 23:37, edited 23 Mar 2021 23:37
swede wrote:
zappa1903 wrote: The amount of adverts for gambling is shocking at the moment. During Cheltenham i didn’t see one about safer gambling or similar. With the amount of people who can’t control there gambling and all the harm it causes I’m surprised there even allowed at all. I’ve noticed more adverts for the National lottery recently than I can ever remember and the sooner there banned the better.

completely agree. no soyboy/leftwing but it should be like cigarettes

The government have had to compensate for other ‘regulated’ companies that owe money to customers, so if that happens with FI, I imagine the U.K. gambling industry will face a huge shake up.
swede
swede avatar

9967 posts since 21/3/09

24 Mar 2021 07:15
themistake wrote: I dunno, big warning lights are flashing for me.
Why would you have such large amounts of money in an unregulated platform?

wouldn’t make the same mistake twice Sticking out tongue
themistake
themistake avatar

10847 posts since 20/2/06

24 Mar 2021 13:02
swede wrote:
themistake wrote: I dunno, big warning lights are flashing for me.
Why would you have such large amounts of money in an unregulated platform?

wouldn’t make the same mistake twice Sticking out tongue



https://www.ft.com/content/db568492-5b5b-4313-ab50-04789d1b1e16


Sorare doesn't have a Nasdaq partnership/tech partner
swede
swede avatar

9967 posts since 21/3/09

24 Mar 2021 17:26
The NASDAQ partnership with FI was abandoned though Laughing out loud
themistake
themistake avatar

10847 posts since 20/2/06

posted 24 Mar 2021 22:05, edited 24 Mar 2021 22:05
'Abandoned' Laughing out loud

FI CEO was still mentioning the partnership on his twitter.
It was his last tweet. Just 2 weeks before the administration.


Anyway, I'm going to stop posting about this. It's going to make for a great documentary one day.
RVP10
RVP10 avatar

259 posts since 3/4/12

25 Mar 2021 19:53
zappa1903 wrote: worked in the gambling sector for 14 years and have seen all sorts of things in that time.

I worked for one of the big bookmakers for a while.

If a punter was too successful, they got a flag on their account that limited the max bet size and the traders would update odds on the markets the winners were in to hedge. Obviously that’s all legal (just risk management), but it just made me realise that of course in the long run everyone loses (otherwise bookies wouldn’t exist). Also I can’t remember the exact stats but the vast majority of people never cash out.

The sports book was also one of the worst earners; the FOBT were by far the best, and the regulators are cracking down on them.
swede
swede avatar

9967 posts since 21/3/09

25 Mar 2021 20:41
RVP10 wrote: of course in the long run everyone loses (otherwise bookies wouldn’t exist)

exactly. anyone ever seen/met a poor bookie? doesn't happen
R
R avatar

13307 posts since 17/5/03

25 Mar 2021 22:38
I've never met a bookie tbh
joeyjojo
joeyjojo avatar

4652 posts since 24/8/06

26 Mar 2021 07:06
swede wrote:
RVP10 wrote: of course in the long run everyone loses (otherwise bookies wouldn’t exist)

exactly. anyone ever seen/met a poor bookie? doesn't happen

You joking ? The guys that sit behind the counter at betfred or whatever ? Or are you talking about some guy in a Robert De Niro movie
swede
swede avatar

9967 posts since 21/3/09

26 Mar 2021 07:18
Laughing out loud
joeyjojo
joeyjojo avatar

4652 posts since 24/8/06

26 Mar 2021 07:29
Oh maybe you are joking! The amount of shit you spout on here it’s hard to tell sometimes !
swede
swede avatar

9967 posts since 21/3/09

26 Mar 2021 20:21
you really think the guys who sit behind the counter at your high st bookies are the ones i am referring to with that comment? do they have a stake in the business or are they just the worker bees? come on mate…. Laughing out loud
joeyjojo
joeyjojo avatar

4652 posts since 24/8/06

27 Mar 2021 09:37
Just kidding bro I got you!