Topic: As a gambler do you have a potential winning amount limit? (Read 3047 times)

I don’t think gambling is something that can be set at this way, or having a potential winning amount do some people usually know what they will win understand it depends on how people strategize in their gambling or some people always like doubling their money then I’m not just greedy trying to win everything and gambling sometimes if they use about 200 bucks And trying to get 400 it’s fair enough so people with their different thoughts that is something

When a gambler can avoid gambling when experiencing a losing streak, of course this will be able to limit the money they use for gambling and this is very important for every gambler to be able to do, because if they continue to force themselves to gamble after experiencing a losing streak of course they will will spend more of their money on gambling so this will be very detrimental to themselves, to be able to stop when you have won is also not easy if we cannot control ourselves when we are gambling and I think this must be able to be done if we want to enjoy it because If greed occurs when gambling, of course it will be very difficult to stop gambling when they have won in the hope of getting an even bigger win and only realizing it when they lose all their winnings and only then regret it.

You shouldn't be surprised about this because such individual who keeps losing and refuse to back off is already addicted to the game. One thing about addicts is that they know they're spending a lot on gambling and might not be profiting from it but they don't know how to quit or they can't quit rather cause they've become used to the act, to them it's like a hobby, something they can't do without.

 Such individuals need help, maybe from family or a therapist else they'll keep doing it on a regular and whether they keep losing is not an issue for them cause they just have this believe of being lucky someday. It's almost very hard to convince a gambling addict to quit it totally it takes a gradual process with regular therapy to help addicted gamblers quit.

The problem with most gamblers is that they only place importance or emphasize more on the importance of walking away when in a losing streak, yet do not realise that it's also very important to know when to walk away even while on a winning spree.

Many people lose continuously not because they don't usually win in the casino, but because they don't know how and when to walk away with their win, instead they allow greed set in and make them lose both their winnings and their capitals.

I don’t actually have any potential winning amount limit  because my predictions my might change, one thing that inspires me is that a make do with any amount that I see . I don’t predict any amount, I predict games and if it happens that I win big fine or I win Small I will also take it home because it all depends on your luck for the day .we see different things in gambling that’s why you can’t place your mind on the exact amount, sometimes you will book games and before staking the bets the odds will change and the winning amount will also change and vice versa .

In addition having a potential amount limit can lead to health disadvantages because anytime you failed to meet up the amount considering your budget for that day you will be very restless and that can lead to emotional imbalance, depression and mental stress.

I do set up a potential winning limit whenever I gamble, but at the same time I would also take the profit no matter how small or big it is if I somehow decided to end it.
I would just go with the flow when I gamble, if I feel like I already had enough even if I still haven't achieve the amount that I set then I would stop.

Thats true, we should gamble aa according to our various wishes and that must be within the scope to what we can afford to bear irrespective of the outcome that we see from it at the end of each gambling session, we should not feel too bad for not winning because it may come and may not, but when we gambles as according to what and how we could afford, we are going to end it with nothing other than excitement

On the time that you would really be having these kind of thoughts in mind, then you are just basically making yourself that driving yourself into addiction. Why? just like on what you have said that you are really that trying out to pursue something which it isnt known yet and as long we do keep on chasing those probabilities that we do have in mind then we would really be putting up ourselves into a loop.
You wont really be stopping not until you would really be able to hit up such winning threshold until you would be able to bust up all of the money that you do have and as long you could be able to make out
such bets then you would really be continuing no matter what. This is something that you must really be stopping once you do have  this kind of mindset.

People wont really be stopping not until they would be able to bust up themselves or literally cant be able to play just because they dont have funds anymore. We do know that there are
really things in life on which it cant be possible specially on gambling. If gambling does have that kind of pattern then you would definitely be exploiting it, in common sense there
would really be no business on existence.

The "gambler's fallacy" is also known as the "hot hand fallacy." The gambler's fallacy holds that the outcome of a random event can be influenced by previous results. For example, if you've been winning all night at the casino, you may begin to assume that you're on a "hot streak" and that your luck will continue. This can result in irresponsible betting, chasing losses, and even addiction. The hot hand fallacy is similar, but instead of focusing on past successes, it refers to the notion that a successful streak will continue in the future, which is a very wrong mentality because, just like in crypto Investment as well as other investments, you can't draw conclusions based on past performances.

Setting a potential winning limit is only one component of an effective money management strategy for gamblers. Another important factor is a stop loss limit. This is how much you're willing to lose before walking away. For example, if you're ready to risk losing $50 of your $100 fund, your stop loss limit will be $50. Setting this restriction can help you stay on budget and avoid overpaying. Additionally, it is critical to set a time restriction for your gambling session. It can also help you walk away without sacrificing everything you've gained.

For me, I always have a goal that I need to reach every day; for example, I need to get $10 a day. When I reach that amount, then I am good for the day. Of course, when gambling, I do have a budget. When I lose all that budget, I am done for the day too.

We should budget and bet according to our finances; we should not bet too large, and we shouldn't chase large winnings. Be patient, bet small, and win small, and those small wins when stacked up together will be large.

Also, as gamblers, we shouldn't be chasing our losses too. I mean, if it is small, then you can recover it, but if it is large, then we should stop chasing it. The more we chase our losses, the more we are inclined toward the past, and it will be much harder to win because, in your mind, you have losses to recover.

Gambling should be consider as entertainment. So it shouldn't about how much  money you are going to win per day or weekly. I always divide my gambling budget into small amounts so that I can place more bets. But i think its good to limit yourself. And it is important to realise when you should stopped. Someday if you win too much money then its better to quit. Who know, i may lose everything in next bet! I may afford to lose but winning always entertains a lot than losing

because that is the terrible problem with other gamblers, no matter how many times they know or read such reminders, and they still continue to do things that should not be done by a gambling player.

After all, no one can help us but ourselves; if we don't act or find a way in these situations, we will be the ones who will be affected; we are also the reason why we lose or win. Do I have a point?

I have been reading up on what people are saying, and I think the main common point is that after a certain amount, taking your initial deposit out is what people like to do. Numbers may change, not everyone gambles with the same amount, but it's more like if you put in 100 dollars as your deposit, reach to 500, then taking the 100 out and then keep gambling with the rest type of mindset has been quite common in the gambling world. In that situation people feel like they are not playing with their money.

I do not think that's true, if you can withdraw all that 500, that means it's yours, then it means you are still gambling with your money, so if you could, get 250 out, 2.5 times your initial deposit, and keep gambling with the rest, so you have some profit.

Such an approach is indeed more recommended, because basically gambling is not a place to make money and is nothing more than just an activity for fun or entertainment when you have free time or are bored, therefore the smallest amount you do is indeed more It is good and recommended for gambling, not least because the risks involved are much greater than the chances of winning. So with this, of course it is not at all recommended to put any hopes on victory, you can only come with the aim of having fun but don't forget to continue to apply boundaries and also self-control because what you are worried about is when you find something that looks such as being tempted or experiencing defeat and both of these situations can really make us ultimately get carried away unconsciously and end up losing a lot of money. Therefore, it is really recommended to have a good understanding along with a rational perspective on gambling so that we always remember that we should not overdo it.

Humans are naturally greedy on which it would really be just that normal that they would really be aiming or hope for more. When it comes to winning limit then this is something not would really be a discussion
on which people would really be that aiming for more and this is something that would really be normal or something casual. This is why it would really be that best that you should really be
versatile on whatever condition you would really be able to encounter on which you cant really be able to make yourself that minding too much about those winnings and having that focus on when you would
definitely stop on the time that you would really be having those huge losses on which it would really be just that right that you should really know on when to stop and on when to
call it a day or else you would really be suffering even more problems on which this isnt something that you do like for it to happen.

As a gambler I don't really expect winnings to help my finances, I've learned from before and several people on forums, I gamble usually place bets according to my wishes.

That's the problem with setting gambling winning limit, humans will always try to go further when the winning keeps coming on a steady. Before the start of the gambling you would be certain that you would stop at a particular threshold but once that is achieved then the greed will just grasp your thoughts and it will just tell you to try one more time to at least make the figure look better and that's when you try to be careful but before you will realize your everything is down.

There is some truth, and I am right that this idea will be useful for minimizing greed when we are in a winning situation, and on the other hand there are still other things that I think are worth paying attention too, we should never think about setting a winning target and just Apply the winning limit as you suggest because what we are afraid of is what if basically we can't achieve the victory we have. predetermined? Of course, this must also be taken into account because it cannot be denied that there may be an element of someone chasing victory until they reach a predetermined amount, is that true? yes, and this means we can't just prepare something from one side.

On the other hand, yes, I quite agree with your thoughts and ideas that this can prevent us from acts of greed, but on the other hand we also have to pay attention to other aspects and I will suggest something that is quite useful for us. complement the ideas you gave, namely apart from setting a winning limit. then we also have to determine other risk management such as limiting the amount of losses, for example if in one session you lose then I advise anyone to stop and rest first then continue again tomorrow or the day after according to your usual gambling schedule. . I understand and agree with your idea and on the other hand I would like to add that stopping at the right time before we lose a bigger amount is also a better decision.

If we can limit ourselves in the gambling we play, of course we will be able to play relaxedly and also be able to use the strategies we have prepared before starting gambling, which you say is true, if we cannot set limits in the games we play.

In my opinion, if we have won more than the capital we used to gamble then we can enjoy the victory and if we remain greedy by expecting a bigger win of course this will be very detrimental because we will continue to play expecting another win and that it will be very difficult to happen and if we don't get a bigger win, of course this will be very disappointing because we have missed out on previous wins.