Advice when you are going a bit far in gaming and betting - page 61.

Eternad

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Quote from: QueenVera on May 13, 2023, 12:32:16 AM

I really don't know how people manage to set their budgets online casinos because there were time I had to visit offline or better still physical casino and most times I have to carry ong just the amount of money I'm willing to gamble with and at some points, I have to head back hike as soon as the money is finished because most times the games become more interesting especially when you already exhausted the money you came to gamble with.

Most of the physical casino I play before have some ATM and some local players offering loans in exchange for physical things such as jewelry as collateral for the quick loan. This makes physical casino is not different to online casino in regards for having access to instant cash whenever it’s needed.

Quote from: QueenVera on May 13, 2023, 12:32:16 AM

Having a budget for gambling is at some point seem impossible and it actually requires alot of dedication.

It’s possible in online casino if you can set time lock to your funds outside the casino. Staking with fixed date is one example. Lock your funds for 1 day while your gambling funds deposit in the casino. This way you are only relying on your gambling funds and there’s no chance to have an excess gambling expenses if you loss for the day.

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Quote from: bitterguy28 on May 12, 2023, 12:08:48 AM

Quote from: xSkylarx on May 11, 2023, 11:30:28 PM

it should also reasonable in setting a budget that is not huge you should not using percentage on it you should set like $50 and you family should aware on it so that they can check on you time to time . If in physical casino you should only bring cash and not card and just enough money for your budget for playing. Above all it is really best to have self discipline on your self so that no matter how much your budget is you cant still loss it all

Agreed , we must allocate a certain amount in every gambling gaming
as in this we will prevent from losing more because the more we lose is the more we are chasing that amount.
so if we will have specific fund , then we have no option to chase that losses.
good advise mate and very reasonable to follow , but the problem is can we truly do that?it is an easy said than done lol.

I really don't know how people manage to set their budgets online casinos because there were time I had to visit offline or better still physical casino and most times I have to carry ong just the amount of money I'm willing to gamble with and at some points, I have to head back hike as soon as the money is finished because most times the games become more interesting especially when you already exhausted the money you came to gamble with.
Having a budget for gambling is at some point seem impossible and it actually requires alot of dedication.

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Quote from: paxmao on May 11, 2023, 07:03:57 PM

This is just the basics, but anyone should be aware of it:

Budget: set it BEFORE you start gambling and stick to it.
Have a break from time to time, it is important to let your brain stop and consider.
Avoid drugs / drink as much as possible, they will make you loose some control innevitably.
Seek help if you feel you are no longer in control. Make a phone call to a friend or go out and speak with someone.

Anything else anyone can think of? Like... read this post before gambling? Tongue

This is why responsible gambling is very important since you will be more aware on when to start and when to stop from gambling, especially if your losses had exceed from your target limits. Furthermore, preparing a spare money that you set for gambling is very essential too since it will remind you that once you lose them all, it’s time for you to go home and automatically stop from gambling. That will save you and your funds from consistent losses.

Negotiation

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Quote from: Johnyz on May 12, 2023, 05:08:35 PM

Quote from: Odusko on May 12, 2023, 03:20:53 PM

Nice guide and most importantly gamble what you can afford to let go, because some gamblers may still have high and unbearable budgets, and it doesn't fall between the category of budget gambling.
We still remember a story of a gambler that staked up to 1.4 million dollars on a bet, so such a situation warrants the gambler to first analyzed what his/her state will be if he loses the bet and what emotional impact that will have on his physical and psychological well-being.

Budgeting should always be the priority and yes live within your means and take only the risk that you can afford. Gambling while you are not in a good condition is not ideal, because you might be tempted to gamble more, and this can result to a more losses. If you are going to casinos, make sure to have limited cash only and avoid getting more funds especially if you are losing, you have to stay responsible and stay focus.

Rightly said mate in gambling you should take risk according to your ability. You can exclude yourself from gambling for a certain period of time. This will allow you to rethink your gambling habits and focus on other important things in your life. Gambling involves certain risks and players need to be aware of that. They confirm that there is plenty of potential to win, but also potential to lose. If you want to check the level of your gambling addiction, you can take a self-assessment test that will help you better determine your gambling habits.

xSkylarx

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Quote from: bitterguy28 on May 12, 2023, 12:08:48 AM

Quote from: xSkylarx on May 11, 2023, 11:30:28 PM

it should also reasonable in setting a budget that is not huge you should not using percentage on it you should set like $50 and you family should aware on it so that they can check on you time to time . If in physical casino you should only bring cash and not card and just enough money for your budget for playing. Above all it is really best to have self discipline on your self so that no matter how much your budget is you cant still loss it all

Agreed , we must allocate a certain amount in every gambling gaming
as in this we will prevent from losing more because the more we lose is the more we are chasing that amount.
so if we will have specific fund , then we have no option to chase that losses.
good advise mate and very reasonable to follow , but the problem is can we truly do that?it is an easy said than done lol.

that is really the problem because we can say that we need to bring an extra money just incase of emergency and turns out you add that to the budget which still it is useless that is why having control our emotions as well as our self is really important because no matter what will do if your mindset really is always gamble then still you'll end up spending more and also most of the people are only good for talking and not for doing because they end up saying it is difficult to do.

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Quote from: paxmao on May 11, 2023, 07:03:57 PM

This is just the basics, but anyone should be aware of it:

Budget: set it BEFORE you start gambling and stick to it.
Have a break from time to time, it is important to let your brain stop and consider.
Avoid drugs / drink as much as possible, they will make you loose some control innevitably.
Seek help if you feel you are no longer in control. Make a phone call to a friend or go out and speak with someone.

Anything else anyone can think of? Like... read this post before gambling? Tongue

1. I have see people set "budget". Almost everyone does that but once they start losing, they forget about the "budget" and end up trying to recover everything they lost which in the end, never ends well.

2. Like I said, once they start losing, they forget about everything. They don't remember about taking breaks. All they know is that they need to win back their money. These are easy to say than do.

3. Yeah, you end up gambling more when you are not in your sense. One shouldn't get drunk and gamble. That would be the worst decision.

4. Seeking help is a good way and talking to friends or someone very close about your gambling habits might make them aware that you need help. Friends that care will help you get out of any issues.

There is one more thing I would like to suggest. Always gamble for fun. Think of it like you are paying for the entertainment and the profits are optional rewards.

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Quote from: khaled0111 on May 12, 2023, 07:58:03 PM

You gave some good tops, OP. But don't you think that it is easier said than done?
It may work for a new gambler but it will be hard for someone who has gambling problems to control his emotions and follow your advice.

Its indeed easier said than done, what makes gambling addiction scary is that you really can't stop, you are always chasing your losses, hoping you win your next bet and recover everything you lost, but as a matter of fact, you are only digging the hole deeper, addicts only stop after losing everything they have, Money, House, Job, Relationships, and sometimes their life.

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Quote from: paxmao on May 11, 2023, 07:03:57 PM

Seek help if you feel you are no longer in control. Make a phone call to a friend or go out and speak with someone.

I do that strategy when lag and can't control again the game. I immediately called my best friend, and talk about something else. Fortunately, my friend knows that (I don't have control), and our conversation goes the same way. I do often tell if I am gambling and sometimes need help to refresh the mind, so if not burdensome I need a call every 3 hours, and my friend agree with condition I must invite him dinner and having fun if I won. Sometimes i need my friend to call me (pretend to be important) to leave the table.

khaled0111

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You gave some good tops, OP. But don't you think that it is easier said than done?
It may work for a new gambler but it will be hard for someone who has gambling problems to control his emotions and follow your advice.
What this type of gamblers really need is supervision. They need a good friend or a carrying relative to remind them when they need to stop and take a break.

Lanatsa

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Quote from: DoublerHunter on May 12, 2023, 05:26:34 PM

Quote from: BitcoinPanther on May 12, 2023, 05:13:05 PM

In addition to the list given by @OP, you should also take control of the time. Gambling is very entertaining activity, it keeps us hook due to the desires of wanting to win but given that, we should always have a check and aware on our time of time and environment. This way we can't miss any important schedule we have in our daily routine. It also lessen the chance to get hooked because we are able to tell how long we have been playing and responsible gambling always stop when the time comes that we have the need to do other things.

^ Speaking of the desire we want that you have said I think that is chasing loss if I am not mistaken.
It is easy to get caught up in trying to win back what you have lost, but this can be dangerous. Don't chase your losses and try to make up for them by gambling more. Op was right we should set a time limit for how long you will spend gambling and stick to it. Don't let gambling take up too much of your time, as this can lead to addiction.

When we do gamble then heres the keypoints on which we should really be minding or thinking about.

1. Dont chase losses
2. Dont be greedy
3. Dont make yourself believe on getting rich
4. Dont spend the amount which you cant afford to lose
5. Dont go beyond your limits

This is where people do neglect out the basic principle on which it do really causes up for things to be messy just because you do make yourself believe into something which
it cant really be possible or does happen in reality. Gambling is for fun and not a source of income and this should really be put up into your mind.
If you wont really be having that kind of mindset and goes to the opposite one, then you would be creating some huge problem later on.

rainslayer

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Got even better advice: don't gamble at all. Learn money management, pick 1 popular strategy, spend some time on a demo account, only then switch to real money and whatever happens, just stay on the 1 strategy you learned on.

Mr.right85

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Quote from: paxmao on May 11, 2023, 07:03:57 PM

One thing that affects me a few times when it comes to gambling is chasing your loses. This has been a problem for me even though I know better not to chase my loses and to gamble what I can afford to lose or spare cash.
Of course the focus at the start is always to gamble on spare cash but before you know it, chasing your lose sets in and then, your already in for the gambling and loses.

This ain't no way to be gamble responsibly and one means to let go is accepting that you've lost and tomorrow is a different day with different opportunities. Give it a break and you would be sure to try again in a different and refined mind frame.

Broadanbig

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In addy, after gambling to some extent with some reasonable number of wins, do not be greedy. Do not feel you are yet to win more because in the cause of such taught, you might get drawn in the pool of your own taught and likely resulting to you loose out woefully. To some extent after recorded wins take a break from gambling.

goaldigger

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I agree, thanks for reminding.
When gambler feels bad after recent losses it is always better to logout then comeback with fresh mind. Otherwise it will be dead city for a long time and it is quiet possible to make wrong betting decisions. Some gamblers don't take gambling as fun but as the way to make passive income but they forget how important it is to remember house edge factor that makes house winner at the end.

This is the problem to many, they are taking gambling seriously as if this can provide stable income to them, and if they become more addicted in gambling, it can result to more losses. I don’t suggest to gamble if you are in the influence of drug or even the alcohol, that can take your emotions on a different level and you might do actions out of your strategy, so if you are not feeling well better to stay at home and don’t go online. Gambling activities will always depend on your strategy, make sure to have this always.

DoublerHunter

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Quote from: BitcoinPanther on May 12, 2023, 05:13:05 PM

In addition to the list given by @OP, you should also take control of the time. Gambling is very entertaining activity, it keeps us hook due to the desires of wanting to win but given that, we should always have a check and aware on our time of time and environment. This way we can't miss any important schedule we have in our daily routine. It also lessen the chance to get hooked because we are able to tell how long we have been playing and responsible gambling always stop when the time comes that we have the need to do other things.

^ Speaking of the desire we want that you have said I think that is chasing loss if I am not mistaken.
It is easy to get caught up in trying to win back what you have lost, but this can be dangerous. Don't chase your losses and try to make up for them by gambling more. Op was right we should set a time limit for how long you will spend gambling and stick to it. Don't let gambling take up too much of your time, as this can lead to addiction.

Fivestar4everMVP

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Quote from: Johnyz on May 12, 2023, 05:08:35 PM

Quote from: Odusko on May 12, 2023, 03:20:53 PM

Nice guide and most importantly gamble what you can afford to let go, because some gamblers may still have high and unbearable budgets, and it doesn't fall between the category of budget gambling.
We still remember a story of a gambler that staked up to 1.4 million dollars on a bet, so such a situation warrants the gambler to first analyzed what his/her state will be if he loses the bet and what emotional impact that will have on his physical and psychological well-being.

Budgeting should always be the priority and yes live within your means and take only the risk that you can afford. Gambling while you are not in a good condition is not ideal, because you might be tempted to gamble more, and this can result to a more losses. If you are going to casinos, make sure to have limited cash only and avoid getting more funds especially if you are losing, you have to stay responsible and stay focus.

I think it completely boils down to not being addicted, because anyone who is not addicted will easily have self control, and know when to stop playing when it looks like they are not winning anything, in such a situation, the gambler can still return home with some amount even of money, even though the entire amount was budgeted to gambling.

I use myself as an example, there are times I deposit $50 into casinos to play slot games, but half way into the game, I discover it's not my lucky day, I just quit and withdraw back into my wallet whatever amount that is left off the $50, this is only possible because I am not an addict.

BitcoinPanther

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In addition to the list given by @OP, you should also take control of the time. Gambling is very entertaining activity, it keeps us hook due to the desires of wanting to win but given that, we should always have a check and aware on our time of time and environment. This way we can't miss any important schedule we have in our daily routine. It also lessen the chance to get hooked because we are able to tell how long we have been playing and responsible gambling always stop when the time comes that we have the need to do other things.

Johnyz

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Quote from: Odusko on May 12, 2023, 03:20:53 PM

Nice guide and most importantly gamble what you can afford to let go, because some gamblers may still have high and unbearable budgets, and it doesn't fall between the category of budget gambling.
We still remember a story of a gambler that staked up to 1.4 million dollars on a bet, so such a situation warrants the gambler to first analyzed what his/her state will be if he loses the bet and what emotional impact that will have on his physical and psychological well-being.

Budgeting should always be the priority and yes live within your means and take only the risk that you can afford. Gambling while you are not in a good condition is not ideal, because you might be tempted to gamble more, and this can result to a more losses. If you are going to casinos, make sure to have limited cash only and avoid getting more funds especially if you are losing, you have to stay responsible and stay focus.

Odusko

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Nice guide and most importantly gamble what you can afford to let go, because some gamblers may still have high and unbearable budgets, and it doesn't fall between the category of budget gambling.
We still remember a story of a gambler that staked up to 1.4 million dollars on a bet, so such a situation warrants the gambler to first analyzed what his/her state will be if he loses the bet and what emotional impact that will have on his physical and psychological well-being.

South Park

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Quote from: Fivestar4everMVP on May 12, 2023, 02:50:12 PM

Quote from: paxmao on May 11, 2023, 07:03:57 PM

This is just the basics, but anyone should be aware of it:

Budget: set it BEFORE you start gambling and stick to it.
Have a break from time to time, it is important to let your brain stop and consider.
Avoid drugs / drink as much as possible, they will make you loose some control innevitably.
Seek help if you feel you are no longer in control. Make a phone call to a friend or go out and speak with someone.

Anything else anyone can think of? Like... read this post before gambling? Tongue

Well, this are really good piece of advice and one I recommend every gambler to read every days before going into gambling..

And to add, one thing that have really helped me scale as a gambler, is the ability to always consider money set aside for gambling as lost money, though some times, I tell end up making profit through my wins in the gamble, but several other times I lose, it is always easy for me to bear, since I've already considered the money lost before using it to gamble.

It is interesting to read this as I do the same, when I pay for something and I was sure I wanted it I never regret using my money in order to obtain such product or service, why gambling should be any different? I think of the money I use to gamble as the price needed to sustain the hobby, now it is obvious I would like to win and that sometimes I do, but I always have on the back of my mind the thought that such money is lost already, as a way to stop me from ever trying to chase my losses.

Topic: Advice when you are going a bit far in gaming and betting - page 61. (Read 7496 times)