Wager Mage
Wager Mage
Photo: Antony Trivet
On the surface, physical bitcoins are similar to their fiat counterparts. They are usually made from metals like brass, silver or even gold. They also have a logo printed on one side and their value on the other.
As a hobby owner, all prize money is tax free. You will also be pleased to know hobby owners are free from capital gains tax on the sale of your...
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The 6-1 odds calculation means for every 7 betting events your selection should win 1 time and on 6 occasions the selection will not win.
Read More »Most people who create physical bitcoins use a 3-D printer. The design itself varies as they are created by enthusiasts, not a centralized organization. Some coins are metal-plated, and some use pure silver or gold. Even in this digital age where most data is secured in faraway servers and virtual accounts, many people still see value in storing precious assets in a locker or safe. Several individuals also shunned the idea of digital currency because they couldn't procure it physically like they would with traditional fiat. The creation of physical bitcoins was done with these pointers in mind. On the surface, physical bitcoins are similar to their fiat counterparts. They are usually made from metals like brass, silver or even gold. They also have a logo printed on one side and their value on the other. However, the similarities between the two ends here. While centralized fiat coins have a specific value, the value of a physical bitcoin comes from a private key printed on its back. This key holds the coin's actual value in a digital wallet – it could be 1 BTC or 100 BTC, depending on the maker of the coin. You can think of physical bitcoins as a bank card or a gift certificate. The paper or the card does not have any value. Rather, the magnetic strip on the front of the card or the certification on the voucher is what gives you access to the real currency. Similarly, when it comes to physical bitcoins, it is not the coin that matters so much, but the private key mentioned on the back that’s important.
Sharps are analytical and data-driven bettors. They bet based purely on value of betting numbers, not teams. They only place a bet when they have a...
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The formula for calculating the number of games in a double round-robin format is, n(n-1), assuming n is the number of teams in the tournament....
Read More »Physical representations of Bitcoin have existed for a long time now. Over the years, several different renditions have also cropped-up, each with different compositional material, values, and purposes. However, it all started with the Casascious coin, created by Mike Caldwell in 2011. Caldwell minted a range of physical coins. He began with 0.5 and 1 BTC brass coins and even expanded to a 1,000 BTC gold-plated bar. By 2013, Caldwell had minted roughly 27,000 coins. However, he had to suspend his operation due to restrictions from the Financial Crimes Enforcement Network (FinCEN), a branch of the Treasury Department. They informed him that minting physical bitcoins would qualify him as a money transmitter. Thus, he would have to register at a federal level if he wanted to continue selling the coins.
Somewhere on the blackjack table there will be a sign that says, "blackjack pays 3 to 2". All this means is that you, the player, will get $3 for...
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Bookies accept wagers on sporting events and even though each bet can vary considerably, the end result is that bookies make money when their...
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Winnings From Online Sports Sites Are Taxable If you win money betting on sports from sites like DraftKings, FanDuel, or Bovada, it is also taxable...
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The default setting in Telegram is to allow all others to see your Phone Number. However, Telegram also provides the option to Hide Phone Number...
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