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Topic: Are you already happy if you can double your money, or do you want more? - page 11. (Read 1632 times)

hero member
Activity: 2660
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How realistic is your target profit when gambling? Are you already happy with a 100% return, or do you want a 1000% return? Please use figures in your explanation so we can understand it better.

It depends on the game you are playing, like if you are playing live soccer, you can be tempted to continue going on after having a 100% return because you are there live and you have friends around who may keep influencing you. Regards to board games, you can take a break if you have made 100% but only when you can control your emotions. Usually, a 100% return is okay for me so that you can some time for yourself.

Emotion is key to whatever decision we take in gambling, a 100% return is reasonable so that you don't begin to lose and regret.
hero member
Activity: 1134
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I am interested to know your personal perspective and experience as well. I understand that as gamblers, we have different financial statuses in life. Some gamble for fun, while others are very serious about it. Can you relate to the question and answer it? How realistic is your target profit when gambling? Are you already happy with a 100% return, or do you want a 1000% return? Please use figures in your explanation so we can understand it better.
This is a very good question because most gamblers are not determined on what they consider as a good win. Someone will gamble with $2 and wins $5 and it won't be like a good win for them. They just want to win $200 with $5 before it will be considered a good win. This is the beginning of failure in gambling. If gamblers will take profits and be happy as traders do, many people will be having good wins in gambling than losses.
I am personally having a second thought because of this thread, maybe I'll start going by percentage win and be happy even if it's 10% profit.
legendary
Activity: 2310
Merit: 2073
As I have already said many times that sometimes it is enough for me to increase my deposit by 20-30% and I try to finish the gambling session. I consider this percentage to be quite a good profit for high-risk entertainment. Of course I can lose this money in the next gambling session, but I like the feeling when you realize that you could not only win, but also defeated your greed. In my opinion, it is an inexpressible feeling.

When I set higher goals for myself, for example doubling my deposit, it led to more losses.  
legendary
Activity: 2478
Merit: 1360
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I'm totally happy when I double my money. I'm fine even if it's +50% of what I came with.
Usually I set myself some limits and those are:
Deposit only what you want to play in a session, if that's at 0 the session ends and does not start until you're ready to deposit again (usually days or weeks later).
There's a time limit. If you're just a bit up or a bit down after an hour or 90 min of gambling, you end it. I will never spend more than 2 hours playing any type of game. If I can't get definitive results in that time, I'll end and withdraw what I have to finish for the day.
If I'm up 50% I'll consider quitting. It will either be a full quit, or I'll withdraw the starting deposit and keep playing with the profit until the time limit.
100% or more in profit is an instant quit for me. I don't chase profits.
sr. member
Activity: 336
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Yea alot of persons will say that they gamble for fun, which to some might be true since they have actually made alot from gambling. But then gambling can only be fun when it have been profitable for you. I can't say for everyone though but for me it's just that way I see it fun. When we win, we get excited which make it fun for us. Though when you get too serious about your gambling activities you might end up losing so much than you had intended to. So you just try your best to minimize your risk and maximize all the wins you have. Don't make it a compulsory thing that you must have a win in your gambling session. You previous win doesn't necessarily determine that you will have a next win.
sr. member
Activity: 476
Merit: 385
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I am not a greedy gambler who wants to win more and more after winning, because I understand how it will end - I can lose more money. After I have won some money, I will immediately withdraw it, I will not gamble it again because I have learned from my experience that when a gambler is greedy and wants to get more money after winning, he will end up losing more money. And so I prefer to take my profit and not be greedy to make it more.
Greed is what will make a gambler set a profit target when he wants to gamble, acting as if his winnings are by his own skills, and doings. A gamblers should only have a gamble budget and if he is not lucky to win during the period that he exhausted his gambling budget, he should quit.

If you win fine and be satisfied with whatever amount that came in so that you don't continue gambling to reach your profit target and end up losing all your bankroll. When you plan to win more is when you get it wrong.
sr. member
Activity: 1106
Merit: 391
I am not a greedy gambler who wants to win more and more after winning, because I understand how it will end - I can lose more money. After I have won some money, I will immediately withdraw it, I will not gamble it again because I have learned from my experience that when a gambler is greedy and wants to get more money after winning, he will end up losing more money. And so I prefer to take my profit and not be greedy to make it more.
legendary
Activity: 1708
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I am interested to know your personal perspective and experience as well. I understand that as gamblers, we have different financial statuses in life. Some gamble for fun, while others are very serious about it. Can you relate to the question and answer it? How realistic is your target profit when gambling? Are you already happy with a 100% return, or do you want a 1000% return? Please use figures in your explanation so we can understand it better.

If your goal is only to make a double with your capital it seems that it's ideal to reach you can have an option to make a single bet or multiple bet of course higher number of bet requires a designated amount per day unlike a full single bet in a game. When I'm playing gambling I always set a limit to my self the capital, the loss and amount target profit onced I reach this already I will stop and call it for a day so I can enjoy my winnings and not getting more greedy and also good because I have another capital for the next day
sr. member
Activity: 1274
Merit: 457
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I am interested to know your personal perspective and experience as well. I understand that as gamblers, we have different financial statuses in life. Some gamble for fun, while others are very serious about it. Can you relate to the question and answer it? How realistic is your target profit when gambling? Are you already happy with a 100% return, or do you want a 1000% return? Please use figures in your explanation so we can understand it better.
In my case it depends on the situation, because it depends on my salary and income. Based on my salary I set aside a certain amount for gambling and my income is not always the same. And based on that fund I used to set the strategy and set my gambling loss and win limit. And sometimes when I can't control my self it goes up to the limit. But as usually when I do the sports betting it's like depends on the odds.
sr. member
Activity: 476
Merit: 385
Baba God Noni
I don't have any profit target when I am gambling but I accept any profit that comes my way when gambling because it is hard for gambling outcome to be the way we predicted it which makes it hard for one to have a profit target and achieve it. Sometimes, you might say that I want 2x the amount you used in gambling and before you know it you will make a profit of 10x.

I am ok with whatever profit and most times I run at loss when gambling. Every gambler will want 1000x profit but how possible will that be. Responsible gambling is what should be practiced and not profit target because gambling is based on luck.
full member
Activity: 658
Merit: 172
Are you already happy with a 100% return, or do you want a 1000% return?
1000% return in gambling sounds like me being greedy but that is what I want considering the amount of money I have lost to gambling and also that I will not be lucky everyday gambling to always win. I do not gamble with a lot of money so to say that I just want a double of the amount of money I've used in gambling it's like I'm dreaming not so big and hoping not to win anything tangible from gambling. It is better to win big than to win small because although winning may seem like winning you do not always win in gambling and it is good you do not waste your winning moments winning small amounts. I prefer a big win.
full member
Activity: 616
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I am interested to know your personal perspective and experience as well. I understand that as gamblers, we have different financial statuses in life. Some gamble for fun, while others are very serious about it. Can you relate to the question and answer it? How realistic is your target profit when gambling? Are you already happy with a 100% return, or do you want a 1000% return? Please use figures in your explanation so we can understand it better.
In my personal experience, I will stop when I have made a profit of %100, I have tried to exceed the target but always failed. So I make a decision when gambling if it reaches %100 or slightly below it I will stop and withdraw the profit. Limiting the profit target is also a good way to learn to avoid greed, because greed also occurs because there is no time limit to stop.

This principle is what I use when gambling now, I will make a deposit according to my ability if I lose I stop and continue tomorrow. Likewise when I have made a profit I will stop and withdraw %100 of the profit and the capital is still left for the next day. I used to gamble irregularly so my finances were a bit chaotic but after learning from the experience of having a profit target and being able to divide my gambling time, things got better.
sr. member
Activity: 700
Merit: 270
I am interested to know your personal perspective and experience as well. I understand that as gamblers, we have different financial statuses in life. Some gamble for fun, while others are very serious about it. Can you relate to the question and answer it? How realistic is your target profit when gambling? Are you already happy with a 100% return, or do you want a 1000% return? Please use figures in your explanation so we can understand it better.

First I will be happy with 100% return, because I'm not too greedy with my gambling livestyle. However getting 1000% return in gambling is a very rare opportunity, as getting huge come back on your bet happens occasionally. I don't place targets on my gamble, I gamble as the spirit leads,  you can only place target on things you are certain about, Gamble involves probability, and in probability the answers are always zero or one, so how do begin to place target profit on what your not sure of, so whatever percentage I get after my Gamble, is okay with me hence I'm not losing out but 100% is fine
hero member
Activity: 2702
Merit: 672
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Money wise I guess yea, doubling it is more than enough for me. I've done this before but with small amounts only so it never really dug into me that I've "doubled" it due to how low it is in the first place, so I never really thought about it. That, or whenever I play (not just in gambling, just in general), I don't give a crap about stuff and just, well, play.

if I were, however, to specifically set a target profit, I'd be more than satisfied with 100% most of the time. Heck, even a 50% profit is usually a good thing already for me whenever I'm trading. Again though that's in trading and as I've iterated before, I've never really set one in gambling, I doubt I ever will, and I doubt I should even think about doing so.
legendary
Activity: 2716
Merit: 1855
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If you expect a return of 100% or even 1000%, then you can be sure that gambling is done seriously to make more money.
But can the profit be obtained immediately or not?
Since gambling will not be easy to conquer, the system will still work to suppress anyone's games and bets.

I may not be too serious about gambling, it's just entertainment. Probably only about $10-$20 of the money I have set aside to play without any extras.
Don't expect more profits, but at least be able to play for a long period of time as an entertainer or make small bets on the sportsbook.

About multiplying profits anyone will be happy and expect it to happen, but before reaching that point there will be many obstacles that need to be faced,
victory will not be easy to get and there will be a process that keeps going according to luck.
hero member
Activity: 1120
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Can you relate to the question and answer it? How realistic is your target profit when gambling? Are you already happy with a 100% return, or do you want a 1000% return? Please use figures in your explanation so we can understand it better.
I don't often set targets when I place my bets to gamble. My satisfaction stems from the fact that I am enjoying my game and that my win is up to the amount that I can withdraw from the casino. For example if I bet $50 on a slot game, my mindset is not to double it but to enjoy the game and if I win say $20 which is the minimum withdrawable amount, I am happy. If I win $30 , the same thing. It doesn't matter whether it is 100%,  60% , or 1000% return.
hero member
Activity: 1302
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I am interested to know your personal perspective and experience as well. I understand that as gamblers, we have different financial statuses in life. Some gamble for fun, while others are very serious about it. Can you relate to the question and answer it? How realistic is your target profit when gambling? Are you already happy with a 100% return, or do you want a 1000% return? Please use figures in your explanation so we can understand it better.
From my personal experience for now, winning is only pleasure because I get refund for the previous loss that I have received, there will be no effort to want to be able to produce larger amount than what has been obtained.
I used to be gambler who was quite realistic about money, I really calculated the amount of winnings that had to be obtained and there would be certain target for each bet, if today I get profit of $ 50 to $ 100 then tomorrow it must be bigger and that the attitude I used to have.
But everything changed when some bad things happened like consecutive losses and also losing more money that I had never imagined before, all of that made me aware and gave me an understanding that real victory is being able to minimize losses.
I quite grateful for all the experiences that have happened, all of which provide mindset and can also significantly change attitudes to goals in gambling, for now winning is no longer priority.
Moreover, even if win, in the end I will still use it to bet and entertain myself because I don't gamble like I used to with the amount of bets that would probably be quite satisfying if won.
legendary
Activity: 1358
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Normally for a session I'm looking for at least 5x. If I go with $50 I don't like to play double or nothing games and, if I did, I could go double, or lose it all, in one play.

I prefer to play slots or roulette with multiple numbers, so I'll bet a percentage and if I get lucky and see that I've won good money I'll consider folding. If not, at least the money has lasted me a while.
hero member
Activity: 1246
Merit: 699
Are you already happy with a 100% return, or do you want a 1000% return?
getting a 100% win is quite satisfying for me. I bet more often on sports, I don't bet too much on daily bets. maybe 5 to 7 games if it's a good season. Of course, the Odds offered are different, but sometimes I bet the same amount for each bet on the same day.
in sports betting, it may not require as much control as casino games. casino games sometimes make us forget when it's time for us to stop and come out with a win. however, the level of satisfaction of each gambler must be different.
sr. member
Activity: 826
Merit: 460
the initial target of a gambler is victory we can't deny that. but for me if in the gambling activities that I do if I win 2x my initial capital I will not continue my gambling session, and immediately withdraw the winnings, I have a realistic view maybe my luck is limited to that, and if I continue the game I often experience defeat and in the end my initial victory runs out and the annoyance I experience. so in my opinion do not be too ambitious to pursue big wins in gambling, by taking small profits and not being greedy is something realistic.
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