As a gambler do you have a potential winning amount limit? - page 21.

Helena Yu

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Quote from: Eureka_07 on July 25, 2023, 10:18:03 AM

Odds is one of the most significant factor that a gambler should consider before placing any bet, as they directly affect the potential winnings. Many gamblers mistakenly view gambling as a reliable source of income. However, it's essential to understand that casinos were created for operators to generate income from users' losses, making it challenging to consistently beat them. While it's true that if luck consistently favors you, you might enjoy great profits, relying solely on luck can lead to financial ruin before you even experience the desired winning streak. That's why it is crucial to think rationally and stay disciplined while playing.

When a gambler consider sports betting as a reliable source of income, they must be a high roller who are bet on favorite player or team where the odds is mostly @1.01 to @1.20. There's no way for them to bet on a likely player or team will win by taking risk to lose for getting higher odds.

However not all favorite player or team will always win, those bettor just need to wait until such thing happen to know if gambling can't be a reliable source of income.

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Quote from: letteredhub on July 23, 2023, 12:41:21 PM

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!

Nobody gambles solely for fun. Even if it was free they'll always have it at the back of their minds to some something even if it is a $1. I guess that's how humans are wired. And even if we claim to gamble for fun, it hurts us a little when we lose.

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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?

If I am being totally straightforward with my answer, I do it sometimes with the potential outcome in mind. At one point it, it is subconscious at another time, it is intentional mostly when I have a pressing need that only money can solve.

Eureka_07

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Quote from: letteredhub on July 23, 2023, 12:41:21 PM

Odds is one of the most significant factor that a gambler should consider before placing any bet, as they directly affect the potential winnings. Many gamblers mistakenly view gambling as a reliable source of income. However, it's essential to understand that casinos were created for operators to generate income from users' losses, making it challenging to consistently beat them. While it's true that if luck consistently favors you, you might enjoy great profits, relying solely on luck can lead to financial ruin before you even experience the desired winning streak. That's why it is crucial to think rationally and stay disciplined while playing.

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Quote from: Frankolala on July 24, 2023, 04:02:25 PM

Quote from: letteredhub on July 23, 2023, 12:41:21 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 don't have a winning target based on my financial needs and for this reason I place my be on games with potential low winnings. I gamble responsible and I don't need to think that if I increase my bet I will hit it big. All these thoughts comes into the mind of gamblers that are chasing their losses,because they want to recover all their loss in just one game.

See gambling as fun and always set out your gambling budget for the week and day so that you wouldn't see winning as something that will be achieved whenever you are gambling. Don't think that you can win the house edge and don't see gamble as a means of living or else you will become a victim to addiction.

Aren't you a model gambler? In a field where impetuous choices and large losses are common, this calm approach is refreshing. Bet on low-payout games to avoid risk? Brilliant! Safety? Isn't life too short? Good thing you don't chase losses or let "making it big" cloud your judgment. These ideas lead many to danger. Your technique limits your winnings but prevents losses. Gaming's draw is uncertainty. Risk-taking pays off. It's great to think of gaming as fun, but wouldn't excitement and a big win make it much more fun?

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Quote from: tabas on July 25, 2023, 04:52:00 AM

Quote from: letteredhub on July 23, 2023, 12:41:21 PM

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.

That's possible to happen but usually with these one chances of bets, they have to bet with certain huge amounts for them to have that in reality. Typically, you just win one bet and you're good just for the day. But to say that it's going to be a life changer bet for them, I can only see this happen through the lottery and any other luck based games that has a lot of multiplier.

But not many people can win through lottery games, while others will keep buying lottery tickets until they finally win. They do need one betting opportunity but they also have to be aware that one opportunity will be more difficult to get because what usually happens is they will lose. And usually, they will lose a lot of money without being able to recover their losses. But they are not deterred and instead bet using their other money until they can really change their lives. And it will be difficult for us to achieve the target of winning in gambling because it will depend on our luck.

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if you wanted to have more failure then go have a potential winning amount limit and this will only leads you to stupidity of being gambler.

don't try to expose your mind from over expectation instead give your self a respect and only play to enjoy and try your luck each time.

never challenge your potential winning because that is closely to turn you from losing.

tabas

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Quote from: letteredhub on July 23, 2023, 12:41:21 PM

There are gamblers that don't place their bet not until they have gotten a certain amount as their potential win.

How so? They won't see their potential win if they're not going to bet. Is this something to do with the odds? And if these gamblers are actual sportsbettors that are waiting for the odds to be in favor of them so that they've got a better potential profit won't bet, then their potential win cannot be taken. I'm sorry but I'm just looking at the logic from this that you've said.

Quote from: letteredhub on July 23, 2023, 12:41:21 PM

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.

That's possible to happen but usually with these one chances of bets, they have to bet with certain huge amounts for them to have that in reality. Typically, you just win one bet and you're good just for the day. But to say that it's going to be a life changer bet for them, I can only see this happen through the lottery and any other luck based games that has a lot of multiplier.

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Quote from: Oshosondy on July 23, 2023, 01:14:26 PM

Gambling is not the source of my financial need.

I do not consider how much I win because gambling is very risky and you are likely not to win than to lose. I set a weekly budget, if I win more I take the profit, but if I lose and the weekly money is lost, I stopped for that week.

Is this easily implementable? This practice is easier say than done. Before I should comply with this strategy took me some times and I used to bet beyond my weekly gambling budget.

Quote from: letteredhub on July 23, 2023, 12:41:21 PM

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.

I do have a target whenever I want to place my bet. Certainty is what matters in gambling while placing your bet and not overwhelming cumulative odds with uncertainty. I will be foolish if I bet my $100 to win $105. I rather lose chasing big profits than to lose after small odds. In sports betting, I don't like placing bet on odds less than 10 odds cumulatively. It's not greediness to me because that's my standard. It's honourable to fail while aiming big than to still fail with average winning.

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Quote from: letteredhub on July 23, 2023, 12:41:21 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!

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.

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?

Thank you for sharing your thoughts on gambling. To gain a better understanding of your perspective, could you please clarify if, when you mentioned 'catching fun,' you meant that some individuals gamble primarily for entertainment purposes, even if they may lose money in the process? Additionally, regarding gamblers who wait for a certain potential win as a life-changer, could you elaborate on what specific financial challenges they might be facing? Your insights will help us grasp the motivations behind different gambling approaches.

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Quote from: CryptoHeadlineNews on July 25, 2023, 03:56:35 AM

Quote from: letteredhub on July 23, 2023, 12:41:21 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 a potential win no matter how small amount?

Just as luck can never be overemphasis when it comes to gambling, the economic challenges, high rate of poverty and lack of jobs in our different countries have force a lot of people into addictive gambling with the hope of getting lucky someday while using a small sum of money hitting a life changing reward, and the reason why most people always have a target sum of money on almost all sport betting games, due to it's provision of variety of odds, giving gamblers the ability to choose.

The drama is that in countries where the rate of poverty is high people can be discouraged to find new opportunities (contrary to the "american dream" mentality) due to increased difficulties to find them and/or succeed. But, specially in that environment, wasting not only economic but also psychological resources, and time, gambling as a solution is utterly risky due to the opportunity cost: the resources they invest gambling are resources that are not invested somewhere else. Of course, that is when "somewhere else" is more productive than gambling; if "somewhere else" means drinking or other addictions, then gambling as a way of escape, when done responsibly, could be healthier. But definitely not the best strategy to escape from poverty.

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Quote from: letteredhub on July 23, 2023, 12:41:21 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 a potential win no matter how small amount?

Just as luck can never be overemphasis when it comes to gambling, the economic challenges, high rate of poverty and lack of jobs in our different countries have force a lot of people into addictive gambling with the hope of getting lucky someday while using a small sum of money hitting a life changing reward, and the reason why most people always have a target sum of money on almost all sport betting games, due to it's provision of variety of odds, giving gamblers the ability to choose.

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Quote from: peter0425 on July 23, 2023, 10:50:42 PM

Quote from: tusandii on July 23, 2023, 10:32:09 PM

Quote from: letteredhub on July 23, 2023, 12:41:21 PM

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.

From my personal experience when betting, I always consider what is at stake, the Odds that can be obtained and also the amount of money I have to bet.
Now I'm not a person who likes to bet on many sports matches, so I just choose which one is the best to bet on with the money I have because that way when I lose I don't lose too much money, but if I'm lucky I can get a decent profit.

Better to be patient and a little late but can get maximum results.

It is not just about Sports Matches mate but the totality of gambling games in which more are luck based and yes can sustain your needs in just one win.
Like for example in roulette or Slot machines that you can become an instant millionaire or at least to cover all your needs in one shot.

Yes I agree with that and previously said about sports betting just as an analogy.
Either in sports betting or in some casino games, if there is an advantage that can be obtained, we must take it because opportunity does not come twice and luck will not come at the same time when the gambler has got it.
But what's unfortunate is why there are still so many gamblers who forget about this and they are always ambitious with bigger profits.

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Quote from: bittraffic on July 24, 2023, 04:22:32 PM

No specific amount but of course everyone wants bigger. No limit I guess.
As much as possible I would like to be in sports and choose the winning method because the odds are much more attractive. Or sometimes I bet ahead of time especially when I can see who has the upper hand and in this case 2.65 I think is already a good rate than waiting til there's only a day left. Aiming for the jackpot is much better but it's also just trying to find the needle.

While you wanted to be in sports betting, I am more fond of slots. Since I do not have any patience in waiting for the result of the match. I always wanted to see the result as I bet in real-time. I don't have any winning limit before I withdraw my winnings so I often end up trying to play the game as long as I wanted and then will leave whatever the amount of my winnings is when I get bored of the game or if I have something important to do. This action often leave me with empty bankroll because we all know having no limit means playing until the bankroll is depleted or we think that we have enough wins.

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No specific amount but of course everyone wants bigger. No limit I guess.
As much as possible I would like to be in sports and choose the winning method because the odds are much more attractive. Or sometimes I bet ahead of time especially when I can see who has the upper hand and in this case 2.65 I think is already a good rate than waiting til there's only a day left. Aiming for the jackpot is much better but it's also just trying to find the needle.

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Quote from: letteredhub on July 23, 2023, 12:41:21 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 don't have a winning target based on my financial needs and for this reason I place my be on games with potential low winnings. I gamble responsible and I don't need to think that if I increase my bet I will hit it big. All these thoughts comes into the mind of gamblers that are chasing their losses,because they want to recover all their loss in just one game.

See gambling as fun and always set out your gambling budget for the week and day so that you wouldn't see winning as something that will be achieved whenever you are gambling. Don't think that you can win the house edge and don't see gamble as a means of living or else you will become a victim to addiction.

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I am not sure in what direction the above discussion is moving but it seems that we need to agree gambling is risky source of income. We simply can not make it our income source because the challenge is hard. You can win mega amount and there is no doubt but have you ever thought about how we also lose the money over the period of time. It’s horrible if you calculate the entire gambling experience with losses. Imagine placing a veg with 1.01x odds and putting thousands of dollars in the want of gaging hundred bucks. Do you think it can make you win every bet? No it won’t because that’s what House edge is for. To give just the amount that is enough on win but it can’t make you win always.

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in my case I only play with money that I can afford to lose and it is definitely not a large amount of money, suffice it to say that I have spent less than 20$ to play and even so sometimes I spend a long time without playing which I think is very good because with that I manage to have good self-control so putting it this way: I play with little money and I spend time without playing, they put me in the group of people who play just for fun, I do not seek constant profit in gambling because that is something very difficult, I do not create expectations when I place a bet

for example in this time when the main leagues are at a standstill I particularly did not bet for a long time, I made some bets on tennis games and ufc fights and some bets on the Brazilian league but they were bets just for fun and I lost in many of them and now I am stopping betting until next month, I think it is important that we play only in our free time and not with the intention of making profits constantly, because in gambling people cannot make constant profits

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First of all, those who say they gamble for fun actually do it for fun, it obviously isn't done to lose money but when you like doing something, you tend to spend some money on it and you don't think much about that because it is being spent on something that you like and we earn money so that we can live our life the way we want to and to have things that we like, so even if you lose your allocated budget, you don't worry much because your aim was not to get money through it, though you could enjoy a bit more if you could win some.

Secondly, I don't think that a person would have a potential winning target for a certain bet, I know we can set the odds in some games like Dice, but when we are gambling, all we care about is a win, even if you are playing for fun, the fun is when you are winning, if you are constantly losing, the fun gets over.

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Calculating the potential number of wins is a natural thing in betting because we can see the results immediately when we enter the nominal in the bet that is held if we win the bet, but what is wrong in my opinion is the specified winning limit, because that will be a separate burden if we don't get a win at the bet we are calculating, talking about gambling or betting cannot be calculated realistically because it is based on luck.

I'm also quite confused about measuring it, for example in soccer betting, it doesn't have a multiplier that we target from winning, or for example parlay bets, it will only make your decisions ambitious.

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Quote from: SamReomo on July 24, 2023, 10:31:09 AM

That's right because when we are placing bets, in a sense we are throwing money in hope of getting more of it rather than losing it, and if someone does that without proper timing then the result will be the loss of that money. Yeah, the ones who follow an approach where the surely is very less then the result of that kind of approach is often the loss of money.

Yes, it's true, that there must be sacrifices made first to be able to get a profitable result that exceeds the capital that has been spent so that someone will get a win. But for a time I thought that in gambling there are no rules in terms of time, I mean that a person will not know when they have to play, and there are no rules for an exact time in it. Unless there is a feeling that they feel that will encourage them to make a bet, then at those times most of them will do it in the hope that this is the right time to win a win.

Quote from: SamReomo on July 24, 2023, 10:31:09 AM

A gambler should understand that gambling requires some kind of luck factor, mostly the games that these casinos offer, and if someone delves into those games with a low luck then that person could face huge losses in gambling. A good and a proper gambler would work with a strategy and should also have luck to get winning bets.

It is true to say that gambling is only based on luck. You say that someone can learn the game, I don't see a concept they can learn there. Maybe what you mean is that someone can increase their chances of luck by looking at the RTP system that exists in each game, if the RTP percentage in the game is high then their chances of getting a win will be even greater. But in my opinion, we cannot fully rely on the RTP machine to get lucky, because in my experience there are also many RTP systems that actually have absolutely no effect even though the percentage is high. It turns out that indeed in gambling everything will return to the luck of each person.

Topic: As a gambler do you have a potential winning amount limit? - page 21. (Read 3034 times)