As a gambler do you have a potential winning amount limit? - page 19.

Taskford

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Quote from: Josefjix on August 01, 2023, 02:21:25 AM

Quote from: fullhdpixel on July 31, 2023, 12:29:01 PM

What you said about a person chasing profits in a very risky and undesirable manner is true but only if they just have a potential winning target without a limit on their losses for that specific period. Let's suppose if you are aiming to get $50 as profit per day from gambling, you might lose a lot of money in trying to chase that limit, but if you also have a loss limit of only $100 per day, which means if you lose $100 before getting $50, you will stop gambling right there.

This can save you from experiencing excessive losses, the limits will surely depend on your daily, weekly, or monthly budget, and you just need to make sure that you are not crossing the limits, whether you are winning or losing, whatever target is hit first, you will stop gambling in both situations.

Losses cannot be avoided but it can be reduced to its minimal rate. Saving cannot be accomplished through gambling, especially when a gambler is ready to make additional money; it's as if something pulls them to keep staking until their accounts are liquidated. Uncertainty in finances will undoubtedly make a gambler wanting to bet on additional games, which is unquestionably seeking to achieve a lot from the system. Gambling necessitates large sums of money, and the gambler should be financially stable before entering the system. The case you presented is correct.

Huge loss can be prevented if the gambler have in good control of his emotion then also know how to manage his finances like the amount he can only afford to lose or even the percentage of the amount he could take home if his on the winning side. This will be hard to achieve by newbies but for sure once they learn a lot of things on gambling for sure they can carry all of it and can contain theirselves whatever scenario they encounter. Its not all about financial stability but also proper self control is only needed to develop here.

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Quote from: TopTort777 on August 01, 2023, 02:47:08 AM

I think that nome of peofessional gamblers have a winning limits. Mainly because of greed, secondly because of “if they win, its their skill or luck, and they must use it maximum until they run out of it. I think a lot of people who gamble, have a minimum of “double their deposit” plan. I personally set general goals, like buy a motorcycle, laptop, mobile phone or buy a vacation using crypto. And try using every aspect of crypto to achieve it. Gambling, airdrops, giveaways, signature campaign reward and etc. But I am a realist and dont believe in turning 1 dollar into thousand, plus I am not in a rush.

Some gamblers have a winning limit but only a few gamblers manage to reach their winning limit because before they reach it, they have already experienced a lot of losses. And most of them have experienced defeat because of greed which has made them continue to play gambling. In addition, those who should have succeeded in winning and reaching their winning limit did not immediately stop and withdraw their money but instead tried to continue playing the gamble but it turned out they lost. And this is what makes them fail to get their victory.

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I think that nome of peofessional gamblers have a winning limits. Mainly because of greed, secondly because of “if they win, its their skill or luck, and they must use it maximum until they run out of it. I think a lot of people who gamble, have a minimum of “double their deposit” plan. I personally set general goals, like buy a motorcycle, laptop, mobile phone or buy a vacation using crypto. And try using every aspect of crypto to achieve it. Gambling, airdrops, giveaways, signature campaign reward and etc. But I am a realist and dont believe in turning 1 dollar into thousand, plus I am not in a rush.

Josefjix

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Quote from: fullhdpixel on July 31, 2023, 12:29:01 PM

What you said about a person chasing profits in a very risky and undesirable manner is true but only if they just have a potential winning target without a limit on their losses for that specific period. Let's suppose if you are aiming to get $50 as profit per day from gambling, you might lose a lot of money in trying to chase that limit, but if you also have a loss limit of only $100 per day, which means if you lose $100 before getting $50, you will stop gambling right there.

This can save you from experiencing excessive losses, the limits will surely depend on your daily, weekly, or monthly budget, and you just need to make sure that you are not crossing the limits, whether you are winning or losing, whatever target is hit first, you will stop gambling in both situations.

Losses cannot be avoided but it can be reduced to its minimal rate. Saving cannot be accomplished through gambling, especially when a gambler is ready to make additional money; it's as if something pulls them to keep staking until their accounts are liquidated. Uncertainty in finances will undoubtedly make a gambler wanting to bet on additional games, which is unquestionably seeking to achieve a lot from the system. Gambling necessitates large sums of money, and the gambler should be financially stable before entering the system. The case you presented is correct.

fullhdpixel

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Quote from: qwertyup23 on July 30, 2023, 10:51:04 AM

Quote from: letteredhub on July 23, 2023, 01:41:21 PM

My main focus on this thread is in this question: as a gambler do you place your bet according to the weight of your financial need or you're always okay with whatever amount that comes out as potential win no matter how small amount?

Neither of those choices- I only bet which is included on the extent of the limit that I allow myself to gamble.

Most of the time, I only set a limit to the extent on how much I should gamble a day. Setting a potential limit for winnings is very dangerous as it may lead to a person chasing profits in a very risky and undesirable circumstances.

For example, if a person has a goal of earning $100 in gambling, earning such amount can be relatively difficult especially if that person has a limited budget. Not to mention, there is that risk of losing more than what you have earned in the process.

What you said about a person chasing profits in a very risky and undesirable manner is true but only if they just have a potential winning target without a limit on their losses for that specific period. Let's suppose if you are aiming to get $50 as profit per day from gambling, you might lose a lot of money in trying to chase that limit, but if you also have a loss limit of only $100 per day, which means if you lose $100 before getting $50, you will stop gambling right there.

This can save you from experiencing excessive losses, the limits will surely depend on your daily, weekly, or monthly budget, and you just need to make sure that you are not crossing the limits, whether you are winning or losing, whatever target is hit first, you will stop gambling in both situations.

Agbe

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Quote from: letteredhub on July 23, 2023, 01:41:21 PM

My main focus on this thread is in this question: as a gambler do you place your bet according to the weight of your financial need or you're always okay with whatever amount that comes out as potential win no matter how small amount?

I am also not of the school of thought that people are gambling for fun. As the Op said, how can someone just decided to loss money all in the name fun. Even the richest man in the world would not like to loss money every time. Fun is good but not to loss money every day. At least there are some days he has to win and cash out the money to his wallet or bank then continue the fun. In fact it is when you win that the fun is much more interesting. Setting a potential amount to be won is good but you can't guarantee that bet to be won as well.
I am always okay with the amount bet and won. Those who set potential amount to be bet and won are greedy gamblers and they normally loss out. And I am not the greedy type so I bet any amount and win any amount and go my way. If I loss, I loss and if I win, I win.

qwertyup23

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Quote from: letteredhub on July 23, 2023, 01:41:21 PM

My main focus on this thread is in this question: as a gambler do you place your bet according to the weight of your financial need or you're always okay with whatever amount that comes out as potential win no matter how small amount?

Neither of those choices- I only bet which is included on the extent of the limit that I allow myself to gamble.

Most of the time, I only set a limit to the extent on how much I should gamble a day. Setting a potential limit for winnings is very dangerous as it may lead to a person chasing profits in a very risky and undesirable circumstances.

For example, if a person has a goal of earning $100 in gambling, earning such amount can be relatively difficult especially if that person has a limited budget. Not to mention, there is that risk of losing more than what you have earned in the process.

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Quote from: tusandii on July 26, 2023, 03:28:23 AM

If you can do that then that is a good thing and rarely can be done by other people because when someone is already in the gambling, let alone having limits to be able to consider every bet, it feels difficult.
I see there are many people who start gambling without any restrictions and they just keep playing and betting without looking at the capital they have until in the end they don't get a profit but instead a loss awaits them.

It is quite difficult and even very difficult for some people to exercise self-control in gambling, but if you can do so it will be a very good step in terms of salvation. But we will come back to the fact that gambling basically operates under the human consciousness and most of them will not realize that they have spent a lot of money on it. If you mentioned that many gamblers are now doing it without any restrictions, then I would say that they have entered the real addiction phase. It's like they have given up a part of their life just to gamble.

Quote from: tusandii on July 26, 2023, 03:28:23 AM

I know very well what it feels like when you are at the peak of the specified limit, so it is better to do other activities immediately so that we can still keep from exceeding the limit and stay under control.

Well it's very uncomfortable when someone is already in the addiction stage because as we know there will be a lot of pressure there, mental, psychological that will be the main victim. To be honest, I always advise my colleagues who are still active in gambling to take a little break with what you said, namely adding other activities, don't let our minds always focus on gambling, it will be very dangerous in the future.

maydna

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Quote from: kawetsriyanto on July 26, 2023, 05:43:27 PM

Quote from: Josefjix on July 26, 2023, 07:12:43 AM

Gambling as a source of income is completely out of the box, on the wrong track, and it doesn't always end well, with account and debt liquidation being the terrible conclusion.

If people gamble with no proper way, it probably ends up badly. People have no money, they must try to take a loan. They try to chase winning to pay the loan, but it even leads to more losses. That's why gambling with the loan money isn't recommended, it is too risky. I never tried to gamble for a loan money, I just stop gamble temporarily if I have no more money.

That will be a bigger risk for them because they have to repay the loan if they lose. And if they win, they won't want to stop for a moment but still want to play gambling to get the next win until they can reach the limit on the number of wins. They must know that in gambling, no one knows when they will win and lose. But losing is only a matter of time, and if they can't limit their gambling games, they can lose a lot of money, which has happened to many gamblers. If someone doesn't want to lose a lot, they really can limit themselves, and there's no need to have a limit on the amount of winnings.

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Quote from: Josefjix on July 26, 2023, 07:12:43 AM

Quote from: kawetsriyanto on July 25, 2023, 05:56:50 PM

How they gamble if they have no source of income? You must know that you need money to gamble, gambling isn't for free.

Anyway, it is quite strange if there are people who rely on gambling for their source of income. Everyone understands that the chance to win is rather small, that's why some people gamble for fun only. How we rely on gambling for the source of income if we rarely win the prizes? It is simply not reasonable. So, you need to look for a job in real life for the source of income.

Gambling as a source of income is completely out of the box, on the wrong track, and it doesn't always end well, with account and debt liquidation being the terrible conclusion. Gambling with a sophisticated set of disciplinary guidelines that is going to help in the improvement of one's performance and strategy formulations for gambling. I've been gambling for years and can confidently declare that I'm a profitable gambler since I constantly retraced my steps, faults, as well as weak points. Then I proceeded forward and corrected them in small increments.

And it should be obvious you are an exception among gamblers, most of those that claim they want to become profitable want to reach that goal without doing anything to deserve it.

While the few which have reached their goal did so because they worked incredibly hard to reach a point in which they could overcome the house edge of the casinos and then become profitable, and such a journey at best it should have taken you a few months, if not years of your time, and very few people out there have that kind of dedication in order to reach such a difficult goal.

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Quote from: Josefjix on July 26, 2023, 07:12:43 AM

Gambling as a source of income is completely out of the box, on the wrong track, and it doesn't always end well, with account and debt liquidation being the terrible conclusion.

If people gamble with no proper way, it probably ends up badly. People have no money, they must try to take a loan. They try to chase winning to pay the loan, but it even leads to more losses. That's why gambling with the loan money isn't recommended, it is too risky. I never tried to gamble for a loan money, I just stop gamble temporarily if I have no more money.

Quote from: Josefjix on July 26, 2023, 07:12:43 AM

Gambling with a sophisticated set of disciplinary guidelines that is going to help in the improvement of one's performance and strategy formulations for gambling. I've been gambling for years and can confidently declare that I'm a profitable gambler since I constantly retraced my steps, faults, as well as weak points. Then I proceeded forward and corrected them in small increments.

You may be successful with that way, but not every gambler can be lucky as you. There is no specific way to be successful in gambling, it is mostly about the luck. If there is a specific way to succeed, all gamblers may be successful as well. I also gamble for years, and I still have no exact strategy to win constantly.

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Quote from: kawetsriyanto on July 25, 2023, 05:56:50 PM

How they gamble if they have no source of income? You must know that you need money to gamble, gambling isn't for free.

Anyway, it is quite strange if there are people who rely on gambling for their source of income. Everyone understands that the chance to win is rather small, that's why some people gamble for fun only. How we rely on gambling for the source of income if we rarely win the prizes? It is simply not reasonable. So, you need to look for a job in real life for the source of income.

Gambling as a source of income is completely out of the box, on the wrong track, and it doesn't always end well, with account and debt liquidation being the terrible conclusion. Gambling with a sophisticated set of disciplinary guidelines that is going to help in the improvement of one's performance and strategy formulations for gambling. I've been gambling for years and can confidently declare that I'm a profitable gambler since I constantly retraced my steps, faults, as well as weak points. Then I proceeded forward and corrected them in small increments.

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Quote from: Outhue on July 26, 2023, 04:09:12 AM

I have lost more money to gambling, more than I have ever won back, this is what makes me forget the winning amount side of thing and concentrate on how much I can afford to lose, nobody likes losing money buy that depends on how much we talking about here, there are some amount that won't do you anything if you lose them and again there is a chance that you might win too.

I prefer making some small gain because I used small amount of money to gamble than using large amount with the hope of making a larger amount of money, even if it's just a 1.5x return I am very satisfied with this.

Things will be more harder for anyone who has no other source of income and instead of looking for one they see gambling as a job or business, this is a wrong idea.

It's good if you can concentrate on how much you can afford to lose, proving that you are always trying to keep yourself from losing a lot of money. Not many people can do it but you have proven that you can and must keep doing it if you don't want to lose a lot.

Making a small profit is enough for us, but not for those who may often get big wins. They don't want to see small wins, so they keep playing gambling, but they experience bigger losses than their previous wins. Getting any return is good enough so that we can still have a balance in our gambling account and return to gambling the next day without depositing any more money. There will be times when it will be difficult for us to get even a small win.

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Quote from: Outhue on July 26, 2023, 04:09:12 AM

I have lost more money to gambling, more than I have ever won back, this is what makes me forget the winning amount side of thing and concentrate on how much I can afford to lose, nobody likes losing money buy that depends on how much we talking about here, there are some amount that won't do you anything if you lose them and again there is a chance that you might win too.

I prefer making some small gain because I used small amount of money to gamble than using large amount with the hope of making a larger amount of money, even if it's just a 1.5x return I am very satisfied with this.

Things will be more harder for anyone who has no other source of income and instead of looking for one they see gambling as a job or business, this is a wrong idea.

It is commonly said that one bird you have in your hands is worth millions of birds in the bush that you are not sure you will ever be able to catch.
It is very true what you have you said, I also have lost way more to gambling than I have ever won, this is why I've particularly stopped focusing my mind on gambling to make some profit, but rather, gambling to just have some fun, and if by doing this, luck locates me and I won, then glory be to God its my lucky day, and like you have said, no matter the amount of money i win, whether it be small due to the fact that what I bet is small, I am always very satisfied because that money could have been lost too, and there is nothing I can do about it, so its definitely better to win small amount of money than lose big money in the process of wanting to big amount , a dog that is alive and healthy is always much better than a lion that is dead.

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It's no surprise that when watching a gambling advert online they always show the jackpot part, something that only 1 out of 100 people that gambles win it, and some people build their whole life around gambling, thinking it's the right road to the land of bountiful, I am not surprised.

I am not also surprised that greed of the humanity is the easiest way of making biggest money out of them, imagine thinking about hitting the jackpot someday, you will keep going hard, like you know how it's going to end.

I don't crave for any jackpot, I just gamble like a normal person and I use very little amount of money, I am satisfied doing this and it has nothing to do with my life goals and dreams, gambling is on a whole new level, a place where you don't want to build your desires and dream or risk losing your mental state in the end.

You want my advice? There is nothing better than using small amount of money to gamble, either you keep losing or winning you are fine and you will be fine, your gambling experience is going to be a good one.

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Quote from: letteredhub on July 23, 2023, 01:41:21 PM

I have heard and read about people gambling because they had no source of income, a job or they wanted to add gambling as part of their streams of income. Whatever your category the bottom line is that we all gamble to make money though some group claim it's mainly for fun. But who would want to be losing money all in the idea of catching fun!

Gambling is for fun and to make money. I gamble for fun and entertainment but the truth is that I don't want to lose any of my bets. I become worried when I keep losing consistently for a long time. In most cases, I will have to do a review of my gambling activities to identify any pitfalls. But seeing gambling as a stable means of income is wrong because the outcome is highly unpredictable.

Quote

There are gamblers that don't place their bet not until they have gotten a certain amount as their potential win. Some do this based on their financial challenge with the anticipation that just one win they may get on such amount is a life changer for them.

This is a wrong pattern of gambling. Some gamblers might be lucky to hit their targets but this is not always the case. If you gamble because you want to win and solve specific financial problems you might end up gambling above your means or become an addict. It is not wrong to have a target but it might not be proper to solely depend on gambling to settle financial problems

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My main focus on this thread is in this question: as a gambler do you place your bet according to the weight of your financial need or you're always okay with whatever amount that comes out as potential win no matter how small amount?

I am well aware that the outcome of gambling is unpredictable. So depending on gambling to settle a need might lead to disappointment. It will be better to seek other dependable means of sorting out my problems than to depend on gambling.

Outhue

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I have lost more money to gambling, more than I have ever won back, this is what makes me forget the winning amount side of thing and concentrate on how much I can afford to lose, nobody likes losing money buy that depends on how much we talking about here, there are some amount that won't do you anything if you lose them and again there is a chance that you might win too.

I prefer making some small gain because I used small amount of money to gamble than using large amount with the hope of making a larger amount of money, even if it's just a 1.5x return I am very satisfied with this.

Things will be more harder for anyone who has no other source of income and instead of looking for one they see gambling as a job or business, this is a wrong idea.

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Quote from: Shinpako09 on July 26, 2023, 02:14:24 AM

Yes, I do have a winning limit, daily, from when I started up to now. I have a limit for losing as well but the problem is I can not follow it for the past few years but I can with the winning limit. I decreased my winning limit over the past years. Before it was 0.1btc to 0.01 to 100k sats, and now at 10ksats. The reason is it's getting harder for me to reach even that amount now. I set my limit depending on the coin, 100 coins for doge, 5 for xrp and 5 for usdt, and so on.

that's good, it means you are a responsible gambler, you can control yourself and limit your budget and bets too, I also do the same thing as you, it's done so that I don't follow my emotions when I lose, so when I reach my betting limit, I stop playing. Gamblers must be like this, know when to play and also when to stop, because it's important not to be too wasteful and lose a lot of money when gambling.

As a gambler, of course I also always advise people to do things like this too so they don't get addicted to gambling and limit all budgets including betting so they can slowly learn to control themselves when gambling, most people who don't control themselves will definitely get addicted to gambling and easily become addicts.

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Quote from: coolcoinz on July 25, 2023, 02:40:11 PM

I don't agree with OP that we all gamble to make money. I sure do that, but there are people much wealthier than me who gamble strictly for fun. You can't possibly think that when millionaires gamble they're focused on the money. It's just a way to have fun for them and throwing away some money is nothing to them. They throw money away on expensive food and clothes, so they can as well do that at the casino.

I usually set limits for myself by sending only small amounts of money to my casino accounts. As far as the win goes, I'm fine with taking 2x any day.

People with different statuses have different mindsets and different approaches for each and everything, including gambling. Someone who is rich and has a lot of wealth and doesn't need any money would definitely not see gambling as a way to earn money because they already have enough and they have multiple businesses earning them millions of dollars, so they don't really need a few hundred bucks won from a casino, they play the games only for fun.

On the other hand, someone who earns a minimum wage, spends most of it on his family and the basic needs of his household, would have a totally different approach for gambling, they see it as an opportunity that might brighten his life some day if they manage to hit a jackpot or something.

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Quote from: uneng on July 25, 2023, 07:41:09 PM

Quote from: letteredhub on July 23, 2023, 01:41:21 PM

My main focus on this thread is in this question: as a gambler do you place your bet according to the weight of your financial need or you're always okay with whatever amount that comes out as potential win no matter how small amount?

I already placed bets based on my financial needs before when I was playing to raise enough money to pay a bill, but I don't do this anymore. At same time I think it would be hypocrisy from my side to say I'm ok with any amount of money earned from gambling. If it's a small amount I won't be satisfied, because what difference does it make in our life to profit pennies from gambling? Better to risk those pennies in order to win something bigger...

At same time, I'm aware I must respect my limits, so I'm never going to break my initial rule of never spending more than I can afford to lose. So after all, I prefer to end profiting nothing instead of making little profit.

If you can do that then that is a good thing and rarely can be done by other people because when someone is already in the gambling, let alone having limits to be able to consider every bet, it feels difficult.
I see there are many people who start gambling without any restrictions and they just keep playing and betting without looking at the capital they have until in the end they don't get a profit but instead a loss awaits them.

I know very well what it feels like when you are at the peak of the specified limit, so it is better to do other activities immediately so that we can still keep from exceeding the limit and stay under control.

Topic: As a gambler do you have a potential winning amount limit? - page 19. (Read 2919 times)