Topic: As a gambler do you have a potential winning amount limit? - page 14. (Read 3031 times)

That actually means that you might be placing bets to win a specific amount, if you want to win $2,000, you might make a bet with $500 with 4x odds on a dice game which will give you $2k if you manage to win the bet. This means that you are placing bets according to the weight of your financial need but if you are betting with just a small amount, it means that you are okay with whatever you manage to win with your basic betting routine and you won't go wild with the bets.

In my case, I never make higher bets only to win bigger amounts because I don't want my bankroll to get over just after a few bets, I like enjoying my gambling sessions with small bets and high expectations of getting a big win since I usually play slots which can provide pretty high multipliers.

well there are some people that proposes a more advanced strategy of making up that losses by doubling their bet until it got even its called martingale and even that isn't sufficient, thats the thing with depending purely on luck, its just very random you could lose a row straight or you can win a row straight no one knows.
also the reason why many people are choosing to bet on something like sports in which they could be sure at what they are betting, they could make thorough analysis in regards of their potential bet and they know beforehand how is the condition of both teams going against each other, I guess it just gives them more edge to win the matches based on their own analysis.

Do keep in mind that you're playing a game that always wins while you're babbling on about your plans, lack of resources, and ostensibly "learning" from others. You get it? The house always wins. If you're only dipping your toes in and anticipating an easy ride, reconsider.

Do you consider yourself a realist? Bravo for you! But let me tell you, in the world of casinos, realists typically lose first. mimicking the actions of other players after observing them? Is that your overall plan? That would be equivalent to thinking you could become president by reading a few novels.

betting on sports? Dont even begin with me. You believe that your toughest obstacle in football is the element of surprise? Wait till you realize the genuine obstacles that casinos present you with. But hey, keep acting little and persisting in your belief that you are in charge.

When I first tried gambling, I had this notion that I could always win a certain amount of money each day. Specifically, I thought I could win around $50 to $100 every day. However, my experience turned out to be quite different. I did win for five consecutive days while playing in an online casino, but it was very difficult for me to win even just $10 in the next few days. This made me realize that gambling should not be considered as a reliable source of income. It should only be done for leisure purposes, and only if you have extra money to spare. After all, we all know that gambling is not always the best way to earn easy money.

Maybe that will apply to those who can limit their winnings, but for people who are too greedy when they experience victory, they will continue to bet to produce a bigger win ratio by doubling the bet.  Because of this, most gamblers went bankrupt because many dared to bet bigger than before when they already tasted victory

For me, any amount will do as long as it was the lucky amount I've won. I don't know what you mean by "betting by weight of financial needs" but is that you should be betting base on your portfolio amount or the maximum winning amount you need to stop gambling?

It's really a curse when we won already but it's not enough because we wanted more and chase our losses in the previous days, and if that happens, instead of having some money in the pocket already, then you continue to play.

And we all know that the odds are not going to be on our side because the longer we play, the greater that chance to lose that money again. So we should take control of our emotions and says stop if we have won already. No need to continue, maybe the next day you can go out again and play but do not stretch your luck as it might run out very fast.

wait a minute, do not misunderstand what Im saying because Im just explaining from some of the discussion. even though I will answer it may look OOT but so that it is clear I will answer it.
so its not a matter of how many restaurants sell tickets to their customers but its just like an example. because sometimes restaurants that have just opened have promotions to attract more customers by giving tickets for every purchase and drawing lots every time that is determined to give other prizes not just money.

as I said earlier if this is just an example lets take another example of gambling. because it is impossible for us to ask for our money back from gambling, but we do have the opportunity when we are lucky to get a number of wins that we can get.

I am very realistic, I do not have false illusions, I am a gamer ruq has no limit because obviously the game beats me, in the end the game beats you as a player, so if I start to demand myself to look for very large profits to Even getting alive I'm going to spend a lot of money, and that's not what matters either, what matters here is that things can be done with our money to benefit us, I can't be a millionaire thanks to a casino, I don't see it as possible because of my bets They are not big nor are they with tremendous balances, as I have seen that some players make here, some players are very efficient in their bets, and I do not have much money or too much expert sopu and I believe that here if I try to play as if I were an expert , I take my loss at once, so what I do is read, learn and apply what many players do, the behaviors that they do in some games is what I do, I am not repeating many patterns, nor do I go through it In fact, the fact that I go to a casino and bet big, no, never, and that goes with me, there is no self-control there because it is good to know what I am getting myself into.

In this aspect, many things could be said, among the first that I will never establish a profit limit, I do not have the level to do so, because for that I would have to think about spending very large amounts of money in a casino, which I really would not , and in another aspect I see betting as much Easier , but betting on sports betting and there was room for everything , because I couldn't say what my limit would be, because it is also something that does not depend only on me, and that sometimes the strong factor has a lot to do with it, especially in sports such as football that are currently Obtaining results that we do not expect, the most logical results sometimes do not occur and in the event that I am very sure of making a bet on a team , I would be able to put enough money into it, to win quite a lot, that's why I don't know how much I would be able to bet to establish a goal, and I think it is something that I would not Recommend to anyone Either.

Good analysis, once you chase your losses it will lead you to go deeper, your engagement will take you long time hoping that you may take care of your previous losses and you will be able to hit that odd that may cover everything and adds up some decent amount of profits. It's tough to control when you already have that kind of thinking.

Some may have good control, while more of those gamblers can't resist the urgency of gambling. They fall into this and instead of staying with the set limits, they mostly exceed.

Either way, different people have different views about how much should be the potential win.

I'm sure that most gamblers do have a set winning amount prior to starting a certain gambling session. But when that target winning is already reached, it will come to the question if they will continue or not. Why should stop in the first place if they feel lucky? Then they will continue.

The reality of gambling is, it's really hard to fulfill the satisfaction especially when winning. We will continue no matter what and will enjoy the game more. I know most of us here think that we shouldn't stop playing once we are lucky even we already reached a potential win and should cash it out.

The temptation to continue is really always there once winning. Therefore, our problem here is ourselves.

^In my own opinion, many gamblers do indeed fall into the pattern, chasing losses in the hope of a big win that would compensate for previous losses. This behavior is often fueled by a psychological phenomenon known as the (gambler's fallacy) which leads individuals to believe that past losses increase the likelihood of a future win. I think the belief that a major win will (cancel out) earlier losses can be misleading, as the odds of winning in gambling are typically structured in favor of the house. However, everything has its own decision about this.

There are people who "lose money" going to the cinema, others to a restaurant, or to the bar with friends every weekend, why would people not want to lose money just for the pleasure of having fun in a casino or online game?
The only difference I see in the latter is that the person has a "possibility" to earn money back, but that shouldn't change the main objective, which is TO HAVE FUN.

Anyway, I would just like to correct this "distorted" view that most people have nowadays about aar games, thinking that we (those who "lose money" just for fun) are the ones who are wrong just because we are a minority .

@len01 I am fascinated to know how many restaurants does that ticketing stuff with their customers cause it's gonna cost them a lot of money shortchanging their profits, maybe except it just for a short while that the restaurant decides to pull such string by way of promos to their customers.

@wxa7115 using restaurant in contrast to the discussion is just something outside the context IMO, because I risk nothing going to a restaurant to dine, I pay for the food and with 100% assurance that my food will be served to me but for gambling I place my bet (more like paying for my bet) buy with not 100% assurance that I will get a win (more like saying not assured that I'll be served my food.

We might be able to try to get or recover money lost in gambling, but it certainly won't be easy because we can even lose even more money, especially if we can't manage the time to gamble. And if you decide to use more money or deposit more money, it will also not make it easier for you to recover the money because your emotions will increase. In the end, you will lose self-control, resulting in you rushing to place the bet money. It can give bad results for you where you can experience defeat and lose all the money you just deposited. And of course, you will experience sadness because you have lost all the money you have without being able to recover the money. It is a lesson for all those who want to gamble that once self-control is lost, we can gamble without thinking about the remaining money we have.

I get what he is trying to say but he just had a wrong comparison because it's irrational to compare gambling and a food from the restaurant. Bottom line is, most gamblers tend to chase on their losses because they thought that it's one of the underrated tricks to win but what they don't know that it is the exact opposite of it as that road will just end with more losses because gambling doesn't have any certainties, I mean, why would you chase on something you don't have any control with? What gives you the idea that it will go back to just because you chase for it. Instead, you make a deposit and have a fresh game without even thinking of those losses because that will never go back to you.

Yes mate that's correct you said something that sweeten me too well, you said money gone is gone and that's right, we can't get our lose money from gambling at that same time, if we have to get our lost money yes we need fresh money to get it back and we as still not guaranteed if we will get it back or not, now even if we want to use fresh money to get back our lost money from gambling I don't think it's will be that same time or period, for me I will say going back home and coming back letter is the best idea for it, why because at that time while you have lost big amount of money in gambling you will be so worried to get it back and your brain will be filled up with anguish so you cant concentrate on what you are about to stake no matter your attentiveness.

Chasing after loses starts by a gambler gambling or betting above what he or she can afford to lose, i believe this is where to whole problem starts from, losing an amount one can not afford to lose is what triggers the emotion or desire to want to fight back and recover back lost funds, unfortunately in gambling, money gone is gone, and if you are ever going to recover that money back, you have to use fresh money , and the chances of losing that fresh money too is also as high as it was when the older money was lost.

The best way to avoid the temptation of wanting to go after loses, is to try as much as possible to always and only gamble with the amount we can comfortably lose without being worried about it, when we lose money that mean nothing to us, the desire to want to get such money back will never arise, but when we lose money that we cant really afford losing, desire to want to chase and try to win it back becomes really high, and this is how some gamblers end up becoming gambling addicts , and living a very frustrated live.

I see from this discussion seems to be that @masulum intention is that gambling cannot be equated with a food restaurant because gamblers who bet do not expect their money back but gambling sometimes give a lucky chance to get a big win even though it is not equivalent to the previous loss but at least the gambler can get this opportunity.
but it seems that @wxa7115 judges that gambling is like restaurant food when we come to eat and pay to the cashier for the food we have eaten and it is impossible to ask the cashier to return the money unless maybe the restaurant gives a ticket every purchase will get a number of cash draws or any gift. with this, maybe it can be almost similar to gambling because people come to look for what they are looking for and after that there is another hope of getting a win, such as people going to restaurant waiting for prize ticket to be drawn and gamblers waiting for the chance to get a win.

The contrast between your topic and the concept of gambling I discussed earlier is different. Dining at a restaurant does not offer the possibility of winning money. Gambling provides an opportunity to win. No gambler, expects a refund from the casino after losing. Instead, they will start to making another deposit or increase their bets more and more after every loss. This pattern continues until they lose everything, driven by the hope of a big win to offset previous losses. Unfortunately, this strategy often results in an inability to recover losses, fueled by a misguided belief that big wins can offset previous losses.