Topic: Are you already happy if you can double your money, or do you want more? - page 8. (Read 1632 times)

Being a gambler myself, I do realize that people come from vastly differing financial circumstances, some purely for the fun element and some very professionally. As for the profit target, I also understand that in gambling there is this common tendency to always want more and more winning all the time.

In actuality, profit targets while gambling can be quite different. I'm thrilled if I can make a 100% profit. That alone is a very good and gratifying result. But then again, there is always this itch that wants to make profits of up to 1000%.

It's hard to be content with a win while gambling. Because after you've met a goal, there's something inside that tells you to keep going and try to get even more. This is one of the things that makes gambling difficult: wanting to stop but also wanting to keep winning more.

Doubling your money via gambling as an EXPECTATION is unrealistic. Why? Because you can't set a certain goal when going in in gambling anyway or otherwise you fall in the bad practice of gambling of chasing profits. This can lead to ruin and ever increasing targets if you keep losing. So I'd say stay humble. The only goals you should be setting are your max spend every week/month or so based on your disposable income and current needs.

If you manage to not exceed it and still win, good on you and all my blessings. But don't spread yourself too thin or you could find your gambling hobby turning into a habit and affecting your life in serious ways potentially. So really to those seeing gambling as a chance to earn, I'd say take a step back and rethink these things. We need to take it easy and have fun.

Probably what I would say when it comes to first days of any gambler is surely choosing to keep playing even when you double your money because of the wrong thoughts about the facts of gambling, lack of understanding and no experience. For me personally, I never felt happy when I started gambling and doubled my balance, I always go for more until blowing off all my balance and regretting just after.
However, this perspective has changed a lot since then, after going into addiction and learning about gambling, then it became only a fun activity and a way to enjoy my time. Now, even with small profits, I feel so happy and say it is enough for today, enjoying that profit somehow, and with that I have learned self control without any greed.

In the other hand, some games are different than the others when it comes to feeling happy about the return as much as it relays to the time played, risk and odds.

Of course, if I get a profit, then I immediately withdraw the funds away. But to be honest, I don’t remember for a long time that I was tempted to play even if I already had a profit. I made such mistakes at the very beginning, when I still wanted excitement and had little experience and lack of understanding consequences. Today there is control and discipline and there are no impulsive decisions that would help reset my balance.

Any profit is good if you ask me, as gambling is one of the few entertainment options out there that can allow you to leave the casino with more money than what you had at the beginning of your session, and at least to me that is great, so I am not really looking into getting a specific amount of profit I want to earn every time I gamble, as the moment you create those kind of expectations for yourself, the more likely you are to chase your losses once things do not go your way.

I think it depends on what type of gambling we play, for example:
On sports - I will definitely stop after won 100% - 150% of the starting balance.
On casino/slots - this depends on playing time, if I get 100% profit in a short time/less than 60 minutes, usually I will still continue playing.
Being greedy when gambling is normal and it doesn't matter as long as we can control our emotions and know when to stop, whether we win or lose.

the plan is completed if you withdraw it and secure your capital.
But if it is still in your gambling account, then nothing is done because it will remain in play or at stake.

and you also don't have a goal to hit the jackpot, then you just need to stop and take everything.
But if there is still hope, only use those profits to try to hit the jackpot, even if the odds are very small.

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.

At most times before getting started we will have a major target but on starting we end up doing different thing entirely as a result of emotions that is attached with gambling under different circumstances which includes when we are winning or when when we are losing, this sinerio case affect our emotions differently hence answering the questions, and relating it to my narrative, any one can be very happy having a double of our money, and for me that should just be fine as wanting more can possibly lead to Lossing all that you have and even more.

Wait until we can get double profit similar to how we want 1000% profit after crossing double level, can see the gap between percentages and numbers but that is a basic behavior of a person who is winning, no one sees a double chance and will stop, and whoever sees a double also wants a tenfold. The goals and discipline from the beginning were not wrong, but theory cannot be practical action, gamblers always like to expect more on a day when luck is shining but it's really impossible to know if it's luck or just the last smile to welcome the coming crisis.

Quit or stop on the time or moment that you would really be finding yourself on a losing situation on which it would really be that recommended that you should really be that sensible or be wary on the actions that you would really be taking and not really just that making yourself having that kind of impulsive approach. Usually people would really be that turning out to be that too emotional on the time that they will really be losing up their money. This is why it would really be that recommended that you should really be having that kind of control on the time or moment that you neither double your money or you have lost it all.
Its important that you should really be having that kind of control and moderation specially when dealing up with gambling. Never ever aim on becoming that profitable because this would be the reason
on why they are really that messing their lives.

For me, whenever i do play gambling then i do really always stick into my budget whether im losing or winning. When it comes to winning side then on the time or moment i do find myself on gaining
then x2 would really be ideal but cant really be denied  that there would really be times or moments that greed would really be having that kind of urge on which is why it would really be that
resulting for you to bet even more which it cant really be avoided sometimes.

When I am gambling, even with little profits, I do stop gambling for that moment. I don’t have to wait till I make 100% profit before I stop gambling sometimes. If I can make like 20%–50% profits, then I will be fine, but if I make more, I will still take it. Trying to make a 1000% return is just kind of hard, and you will find it difficult to get that kind of return, so the more you keep on trying it, the more you keep on losing, so sometimes if you have made little profits, it’s just better to be satisfied with it. If you keep on trying to win big, you might not be able to do that, rather, you will be losing.

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.

Of course, how much profit a gambler is happy with on a bet will depend on his financial condition. If a gambler is in a very bad financial condition and gets a huge amount of profit in that bad position, no one will be happier than him. On the other hand, the gambler who does not have any problem with money, of course, if the gambler gets profit or loses, there will be no change in his financial condition.  In this case, he has no room to feel happy or sad.

If I actually want to bet on some game, it could be that it's only $20 I want to spend. After I deposit the $20 and stake on some odds, if it's a running game, I will have to allow it and focus on doing other activities for that day. If maybe at the end of the day I checked the game and found that it was successful, I will just withdraw my winnings and leave. Sometimes I will just reserve a small amount in my balance, which I can use next time. If at the end of the game there was no success, I wouldn't bet again until next time too. 

Not too lucky, in my opinion, as I can personally say based on my experience that I have achieved x10 of my initial bankroll as a return. It's just that, in reality, it doesn't happen all the time or even most of the time since we are talking about x10; even x2 is harder due to the house edge, so we have to be lucky to win. However, at the end of the day, we have to realize that if we are consistently gambling, eventually we will still lose in the long run. So if we win x10, we have to enjoy that, as most likely the next time we gamble, we won't win anymore.

If I have a chance to win big money, I will not chase more winning because that is enough for me to enjoy the money. I am happy with a 100% return and will not trying to keeps playing gambling just to achieves 1000% return because that will be a bad idea for me. I am not sure I can get more especially if I already gets the big win money before. I prefer to quit gambling immediately and withdraw my win money than to keeps playing gambling because that can makes my emotion becomes high and I can hold it.

We don't have to chase more big win if we already gets that money because the important thing is we win much money and we need to withdraw the money. Even if that is 50% return of my capital, that is enough for me and I will not playing gambling and only takes my wins out from my gambling account.

This is also my strategy in crash games, I don't go beyond 5x, unfortunately I still lost a lot of money..my chances of minimizing my losses would have been very high if I had focused on doubling my stake only... Personally I think focusing on x2 everyday is a way of taking greed of your mind, some people don't realize how huge a hundred percent return of their capital is, if you are lucky enough to have that on a weekly or daily basis you would be able to achieve a lot but as we know gambling is uncertain, focusing on doubling your stake might not really give you an edge over the market but at least you wouldn't have too much losses

How is this a question of either / or? What about the people who double their money AND want more, are you interested in their opinion as well? You should rather ask something along those lines whether someone doubles their money and stops because that's it, good game over.

It also totally depends what money you are playing with. If it's money that you know is part of a very limited budget but you still want to enjoy placing some bets, I guess you are more careful with the goals you set. But if you are betting with free money or a free bet type of thing, why not go for the 1000% every now and then? If you go for 1000% out of desperation, then there is something wrong in the first place.

There is probably no need to dissemble that every person is always pleased to receive winning money, and if you ask everyone, there will never be much of it. However, some people understand that it is difficult to subdue luck, and a measure is needed in everything, just as those who give their soul to some business understand that all the money cannot be earned. It is better to stop and not tempt fate or anger God, showing your greed, but to receive your prizes slowly but regularly.