Are you already happy if you can double your money, or do you want more? - page 7.

Fivestar4everMVP

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Quote from: _act_ on August 05, 2024, 03:13:48 AM

Quote from: AmoreJaz on August 05, 2024, 02:57:07 AM

If I have no target, as long as there are some winnings from my bets, I am already happy. As I have experienced many times, aiming for high gains usually end up losing most of my bankroll. So getting twice of my initial bet, is already enough if I am not aiming to go home as big winner.

You have experience in gambling already. But as for me, I prefer roulette and 3 odds has been what I use to go for. Sometimes it can be all or none. Example is if I have $200 in a week, I can use $10 to gamble. If I have win, I take home $30. If I lose, I know that I can afford to lose the money. Able to lose the money is important for gamblers. They should not gamble with the money they can not afford to lose.

You are right, what of the most comfortable way to gamble is to always make sure that or the money you are staking on the game is one you can afford to lose, this i personally have practised over the years and I can tell with all honesty that it makes gambling way more fun, easier to coup with even in the face of unforseen loses and so on.

One gambling with money and an amount he or she can not afford to lose is one of the ways to really end up being very frustrated, angry, not just with yourself, but with those around you as well, and also, this can lead one to becoming a gambling addict as well.
All gamblers should really learn to not risk what they can't afford to lose, it's a foolish way to gamble..

Weawant

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Quote from: stadus on August 03, 2024, 07:42:01 AM

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.

Gamblers do have their respective purpose and reason for which they gamble and that is a very important thing to put to consideration before they put all, for those who gamble to make money or to get some kind of funds, are such that sets targets and that becomes a compass for their gambling throughout the period they are going to gamble but for those who gamble just for fun, don't really have to bother about all of that. Targets when set also have an impact on the psychology of the gambler and that is why with realistic targets, the gamblers does much better and with unrealistic they become greedy for me if I'm able to double my capital I'm done gambling for the day.

Coin_trader

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100% profit is my target when I have a small bankroll since it’s very easy to achieved even with small bets but right now which my bankroll usually ranging from 1000$ and above it’s very hard to have a x2 target profit since I’m only betting using minimum amount.

It’s not always the percentage but rather the exact amount in fiat is my basis to determine how sufficient my profit is. I can always stop gambling whenever I hit 100$ profit already which is just 10% of my bankroll.

bakasabo

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I would be happy if I will manage to double my deposit, because imo it aint easy to do that. A gambler must either have a series of all-in wins with low risk odd, or be lucky to predict outcome with 2.00> probability. I would say that it will be risky to double money through betting, and long and risky through casino games, and close to impossible with slots. Which makes doubling deposit from my point of view as a real achievement. I am not a frequent player, and those who gamble more often might disagree with me, but I often notice people lose more than win on their way to doubling money.

Alphakilo

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I am happy if I can double my money and still get more. My money for gambling reward of my hardwork and doubling it and even getting more, I consider is more reward to use for pleasure.

I want to see my money double that's another reason I gamble. It makes me happy and feel like I am doing something right and from it doubling or getting more, I can use it to get something nice for myself. What I avoid is getting too emotional with losses when it happens. I know another day will come and it makes me stop gambling to try again later.

Yatsan

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Quote from: stadus on August 03, 2024, 07:42:01 AM

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.

Personally speaking, I always gamble for fun, and it became a thrilling game with the right mindset, if you treated it as a form of entertainment instead of profiting on gambling. So, in my point and as to how I understand gambling, it's always favors the house so for newbie gamblers, winning is more about luck. I always bet what i can afford to lose of course so even if I losses in gambling, it never hurt my wallet that much. Relating to the question, in my own probably go for atleast 100% gain, I always gamble responsibly, so it just a hobby of mine as I'm very aware of the risk if I ever manifested gambling habit that can be addicting.

Gambling is always becoming a way to socialize, considering setting up game night or join in a betting pools where everyone can participate responsibly.

passwordnow

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Quote from: stadus on August 03, 2024, 07:42:01 AM

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.

There are times that I'm able to hit close to 100% and at most times, I am just a break even bettor. I'm already happy with that as what we always used to hear about gambling and having fun, that's what I am doing but I don't forget myself to reward when I've got some good days. 1000% of profit in gambling isn't impossible but that's a lot to be honest when you are unsure with what's going to happen with your day to day bets. So, I do not need to use some figures, as a sports and esports bettor, break even is fine and few percentages like 5%-20% or 50%, always under 100% for me is totally fine as long as I get that W! Tongue

Roseline492

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Quote from: Orpichukwu on August 04, 2024, 05:02:21 PM

Quote from: Roseline492 on August 04, 2024, 07:03:36 AM

Quote from: Orpichukwu on August 03, 2024, 07:48:54 AM

If there is a chance of getting more, then I will be happy to grab it with less risk, but for the most part, I'm okay with the kind of profit I get with the little I gamble with.

Let's say, for instance, that I make a deposit of $100 into my casino budget account, which is what I expect to gamble with for the rest of the week or probably my monthly budget.

If I can turn that $100 into $150 alone, it's very much okay with me as I don't go for too much, and sometimes I don't even account for any good profit, so the 100% self is a big target for me. Talk more about expecting a 100%.

Which is why as a gambler having a budget is very encouraging so that you will not gamble too much, though there is every possibility that if there is a certainty that if we doubled our money we would multiply our capital we would of course gladly do that but if perhaps we are not actually certain about the outcome it will be better we sticked on the one that's currently given us some profits in return because just like you said a gambler should be satisfied if they funded there account with $200 and they are able to grow it up to $260 on weekly or monthly basis they should be okay with it instead of risking for something they are actually not sure of all in the name of getting huge return.

Having a gambling budget is the first step to escaping overspending on gambling, but maintaining that budget and keeping on to it have even become a more difficult task to deal with than allocating the budget in the first place.

No matter how sure you think the game might appear to be compromising your budget is not the right thing to do, the moment you increase it or fund your account more because of a particular game, I bet you that will be the first start of losing control over your budget as you will keep on doing that until you will no longer have to gamble based on budget again.

You are certainly right about that because having a budget is one thing and another thing is being able to maintain it because I no that in as much as I advised to have a budgeted amount I know it will not be an easy one for most people because so long as gambling is concerned most people will always get too overwhelmed with there possible believe of winning some certain gambling because some gamblers is with the psychology that even if they exceed there gambling budget they will never be out of control but they did not understand that the more they are deviating from there initial budget that is how they are losing control and before they no it becomes difficult maintaining a budget, perhaps that's why some persons could no longer sticked on there budget.

_act_

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Quote from: AmoreJaz on August 05, 2024, 02:57:07 AM

If I have no target, as long as there are some winnings from my bets, I am already happy. As I have experienced many times, aiming for high gains usually end up losing most of my bankroll. So getting twice of my initial bet, is already enough if I am not aiming to go home as big winner.

You have experience in gambling already. But as for me, I prefer roulette and 3 odds has been what I use to go for. Sometimes it can be all or none. Example is if I have $200 in a week, I can use $10 to gamble. If I have win, I take home $30. If I lose, I know that I can afford to lose the money. Able to lose the money is important for gamblers. They should not gamble with the money they can not afford to lose.

AmoreJaz

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Quote from: HelliumZ on August 04, 2024, 06:30:49 PM

Quote from: stadus on August 03, 2024, 07:42:01 AM

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 the profit amount is more than 2x on the bet then definitely happy news it's definitely happy news not only for me but for every gambler. But this happiness will depend on the amount that the gambler needs. My amount of money is very low i.e. scarcity is high and right now if I get double amount of profit in betting then surely my happiness amount also depends on my need. If I don't need money, then whether I double or triple my stake, my happiness will not be that much because I don't need money, i.e. there is no shortage.

If I have no target, as long as there are some winnings from my bets, I am already happy. As I have experienced many times, aiming for high gains usually end up losing most of my bankroll. So getting twice of my initial bet, is already enough if I am not aiming to go home as big winner. Sometimes you need to be contented for what you have before you wrecked your bankroll. I understand, happiness is a state of mind where every gambler has their own take on this. But you should gauge your financial situation before you plunge into debt because of your greed.

Hatchy

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Quote from: stadus on August 03, 2024, 07:42:01 AM

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.

1000% return seems to me a bit too high. A gambler should be content with some profits. We should be too greedy because ones greed sets in, we might end up losing. For me, I just prefer using the 100% return for my games. Ones I make double of what I had placed, I just exist the gambling. Except for sport bets though. I sometimes let the whole game stop play off one I place it. I usually wait till the end. Since I most time trust my games. But when it comes to casino games I just take double of what I had placed and find another good game to play on.

HelliumZ

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Quote from: stadus on August 03, 2024, 07:42:01 AM

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 the profit amount is more than 2x on the bet then definitely happy news it's definitely happy news not only for me but for every gambler. But this happiness will depend on the amount that the gambler needs. My amount of money is very low i.e. scarcity is high and right now if I get double amount of profit in betting then surely my happiness amount also depends on my need. If I don't need money, then whether I double or triple my stake, my happiness will not be that much because I don't need money, i.e. there is no shortage.

DubemIfedigbo001

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Gambling for fun is more inferred than actual, it's just a clause developed to remove emotional attachment in gambling activities. Just so you know gambling for fun entails developing a mentality that you don't gamble expecting anything from the casino.

Everybody loves to get gains right? But focusing more on the gain aspect of gambling would release some emotional intensity that can lead to serious funds loss, hence you gamble for fun.

Statically, I make $65 weekly from my signature campaign and monthly that should be $260. I ensure that I fund my balance with not more than $7 every weekend after payment and try my luck. Making extra $4 from it is good for me, although sometimes it's more and I lose it all sometimes too.

Turning my $7 to $11 is a good result for me as I'm always on the watch not to gamble with more than 10% of my income from the casino and I'll have to save the rest.

Note: I've not always been this meticulous with funds in gambling, but after my depression and serious funds loss from gambling addiction, I got wiser.

Wiwo

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Quote from: stadus on August 03, 2024, 07:42:01 AM

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.

Let me tell you a simple story that can best help you answer this question.

Way back when I hard a courson in the University, he was in a financial situation with his fees, and no other way to make the payment and exams were around the corner, so that Saturday there were matches lineup for the weekend, so I decided to take a risk with the last money I hard on me that time, and I was so luck to have tripled that amount is multiple folds that pay off the fees and I still have left over to pay a few bills, this got me excited to say yes, I am happy to have double the funds and being able to sort out my courseon financial needs.

But hard it been I did not take such risk, I don't know what could have happen to the guys acedemic pursuit by now.

mirakal

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Quote from: nimogsm on August 04, 2024, 12:20:56 PM

For me personally, x2 to the balance means that the plan has been completed 100% and there is no point in taking further risks. I have not had the goal of hitting the jackpot for a long time since I no longer believe in it, and I consider multiplying my initial balance a very good result and I can finish game. Discipline is my faithful friend.

That's actually a good mindset as there's no high assurance that we will continuously win in gambling. x2 is already good enough, if you won't be contented with that, you will probably end up losing all your funds instead.

The challenge in gambling is not really winning huge amount, but on how to keep disciplined with all your winnings you have, or even when it comes to losses. If you want to enjoy gambling and get entertained, don't be greedy with too much profits, be contented even with small but consistent profits, it works well on me, I'm sure it will also work for others.

len01

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Quote from: stadus on August 03, 2024, 07:42:01 AM

I am interested to know your personal perspective and experience as well. I understand that as gamblers, we have different financial statuses in life.

Well, in this case, sometimes every gambler has a number he thinks he is satisfied with. For example, a gambler poor wins $1-5 , they feel satisfied and stop for a moment to enjoy their wins. And for a rich gambler getting $100 won't be satisfied, and at least having a $500-$1000 score, they're only content with the winning outcome.

Quote

How realistic is your target profit when gambling?

After getting some experiences in the past, I never expect a 1000% win but 100% has made me feel satisfied with the results of the win and stop for a moment to enjoy the results of the win. But it depends on the amount of budget I use to bet. At least a budget of $50 is enough.

2Pizza410000BTC

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Quote from: stadus on August 03, 2024, 07:42:01 AM

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.

I am answering from my personal point of view, I gamble mainly for entertainment, I never take part in gambling to make money except for entertainment. Also I don't regularly participate in gambling I only participate in recreational gambling occasionally. There are many people who regularly participate in gambling, they participate only to earn money. Also I use a fixed budget of income for gambling that I don't spend extra money outside of that budget.

Now coming to the main point although there are many people like me and me who gamble for fun they don't want to lose they definitely want to win because people like to lose very little. If I ever get a 100% return on gambling or the amount of money I spend, I never expect more. For example, if I spend $50 on gambling, I don't need to earn more as long as I get my $50 back because excessive gambling is also a major cause of gambling addiction.

Orpichukwu

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Quote from: Roseline492 on August 04, 2024, 07:03:36 AM

Quote from: Orpichukwu on August 03, 2024, 07:48:54 AM

If there is a chance of getting more, then I will be happy to grab it with less risk, but for the most part, I'm okay with the kind of profit I get with the little I gamble with.

Let's say, for instance, that I make a deposit of $100 into my casino budget account, which is what I expect to gamble with for the rest of the week or probably my monthly budget.

If I can turn that $100 into $150 alone, it's very much okay with me as I don't go for too much, and sometimes I don't even account for any good profit, so the 100% self is a big target for me. Talk more about expecting a 100%.

Which is why as a gambler having a budget is very encouraging so that you will not gamble too much, though there is every possibility that if there is a certainty that if we doubled our money we would multiply our capital we would of course gladly do that but if perhaps we are not actually certain about the outcome it will be better we sticked on the one that's currently given us some profits in return because just like you said a gambler should be satisfied if they funded there account with $200 and they are able to grow it up to $260 on weekly or monthly basis they should be okay with it instead of risking for something they are actually not sure of all in the name of getting huge return.

Having a gambling budget is the first step to escaping overspending on gambling, but maintaining that budget and keeping on to it have even become a more difficult task to deal with than allocating the budget in the first place.

No matter how sure you think the game might appear to be compromising your budget is not the right thing to do, the moment you increase it or fund your account more because of a particular game, I bet you that will be the first start of losing control over your budget as you will keep on doing that until you will no longer have to gamble based on budget again.

Casdinyard

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Quote from: stadus on August 03, 2024, 07:42:01 AM

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.

Generally speaking, I'm pretty much content with whatever I bag after a gambling session. To me everything, even a single dollar that is won is a winning in itself, and if I'm already at threshold I wouldn't go out of my way to drop that advantage and would make sure that even that dollar I got from gambling is saved.

Like what I said in a prior post, most of these issues you suffer from as a gambler are pretty much self-imposed, some things that you could've avoided if you know how to gamble in the first place, and I mean mentally. Most of the peeps I know who gamble for entertainment, myself included, do not have these problems, so it's pretty much just across a certain demographic, particularly those who still sees gambling, even if just remotely as some way they could bag easy profits.

See the difference for yourself and switch perspectives for once, you'll thank me so much for it I swear to you and your grandma.

Hispo

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Quote from: stadus on August 03, 2024, 07:42:01 AM

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, I am usually a casual gambler and use a moderate wager, round 1-2$ per blackjack play or dice roll, so for me it is very unlikely to reach a 100% of profit over my total gambling budget. Let us assume I have a good streak and I manage to turn 10$ into 20$, that would be a theorical 100% of yield off the session. Would I feel like quitting? Probably not and thus come the problems of bankroll management.
If I allowed greed to kick in, then I would find myself trying to turn those 10$ into 30$ or 45$, before logging out of the account, though, because of how laws of chances work, we all know it is more likely I would fail to do so and end up losing more of my initial budget.
the most difficult thing to do as a winning gambler is to know when to quit and how.

Topic: Are you already happy if you can double your money, or do you want more? - page 7. (Read 1632 times)