Be a Responsible Gambler - page 19. | Bitcointalksearch.org

BuNga_cute

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Quote from: Vaskiy on May 29, 2021, 06:30:01 PM

If you are a person who live your life with what you earn and all of the sudden if there is no way to earn/there is no way to earn money due to lockdown don't go into gambling. This will completely destroy your life and creates issue in relationship. I assure this will happen, even if you don't have money for food request help with someone. You'll get your food, have it with peace than ending in frustration.

Some people when they lose their jobs or need additional income there are those who think of playing gambling, this will be the beginning of
their financial problems. Because gambling cannot be expected as a source of income, because there is no guaranteed strategy that allows us
to win continuously in gambling. I have seen several times gamblers whose lives ended badly after making gambling their source of income,
and many rich people become poor because they are addicted to gambling. Therefore, if we need money, don't even think about making money
through gambling, if it's just to get food. We can ask our friends or family for help, I am sure there will be good people who are willing to share the food.

Silberman

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Quote from: Betwrong on May 31, 2021, 06:51:40 AM

Quote from: Silberman on May 28, 2021, 04:13:28 PM

How could I forget? Gamblers chasing losses could or could not be addicted to gambling but they definitely have a problem, they begin gambling a little bit but then they get excited and bet too much and lose it, but instead of thinking like a rational person and admitting their mistake and moving on they decide they want to recover that money and keep gambling, something that goes against any financial advise you can find in almost any book, and then they find themselves with the awful reality they have lost so much money that no matter what they do they are never going to recover it.

If you mean they are never going to recover it through gambling, I agree, the probability of earning money with gambling is low. But recovering through another activity is very much possible. That's what a responsible gambler should do in case he/she lost a lot of money: they should concentrate on recovering the money through another activity.(A legal one, of course, bc becoming a criminal is even worse than becoming a gambling addict).

Correct that is what I meant, chasing losses is one of the fastest ways to lose a lot of money, we just need to accept the reality, gambling can be fun but once you begin to suffer because of the money you have lost then you are doing it wrong and should stop gambling immediately, and instead of trying to recover your money through gambling we should do it in the way we know how to make money as this is the safest and best path towards recovering the money lost on the casino.

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Quote from: Lorence.xD on May 31, 2021, 12:37:45 PM

Quote from: Betwrong on May 31, 2021, 06:51:40 AM

If you mean they are never going to recover it through gambling, I agree, the probability of earning money with gambling is low. But recovering through another activity is very much possible.

And I might also add that together with low chance of gaining profits in gambling, only a select few games that you can do it and most of them is that you need to have a certain level of skill if you want to make a decent profit like poker and blackjack.

How about sports betting?

I guess sports betting is one of the best types of gambling where we can use our sports capping skills, we can win here in the long run as it's a skilled type of gambling, unlike other types which is only based on luck. However, we should not consider it as an easy way of making money as that is a wrong mentality which will usually lead us to big trouble.

Being responsible, is important to minimize the risk if we venture into gambling, it does not guarantee any win for us, mostly we lose but it's not impossible to succeed.

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Quote from: Betwrong on May 31, 2021, 06:51:40 AM

If you mean they are never going to recover it through gambling, I agree, the probability of earning money with gambling is low. But recovering through another activity is very much possible.

And I might also add that together with low chance of gaining profits in gambling, only a select few games that you can do it and most of them is that you need to have a certain level of skill if you want to make a decent profit like poker and blackjack.

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Quote from: Silberman on May 28, 2021, 04:13:28 PM

How could I forget? Gamblers chasing losses could or could not be addicted to gambling but they definitely have a problem, they begin gambling a little bit but then they get excited and bet too much and lose it, but instead of thinking like a rational person and admitting their mistake and moving on they decide they want to recover that money and keep gambling, something that goes against any financial advise you can find in almost any book, and then they find themselves with the awful reality they have lost so much money that no matter what they do they are never going to recover it.

If you mean they are never going to recover it through gambling, I agree, the probability of earning money with gambling is low. But recovering through another activity is very much possible. That's what a responsible gambler should do in case he/she lost a lot of money: they should concentrate on recovering the money through another activity.(A legal one, of course, bc becoming a criminal is even worse than becoming a gambling addict).

Vaskiy

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If you are a person who live your life with what you earn and all of the sudden if there is no way to earn/there is no way to earn money due to lockdown don't go into gambling. This will completely destroy your life and creates issue in relationship. I assure this will happen, even if you don't have money for food request help with someone. You'll get your food, have it with peace than ending in frustration.

Silberman

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Quote from: AicecreaME on May 26, 2021, 08:08:51 AM

Quote from: Silberman on May 25, 2021, 04:07:46 PM

Quote from: ethereumhunter on May 24, 2021, 11:45:09 PM

Yes, the emotion to the beginners will be too high compare to the old gamblers. If those beginners do not realise what happens to them, I am afraid they will get dragged deeper into gambling and will not see the truth about the danger of gambling. We hope we do not have to be like them and we can reduce our activity in gambling to prevent the addiction.

In my experience the ones that get addicted to gambling are the thrill seekers and the ones that want to make profits because they are desperate, the rest that approach gambling for what it is which is a form of entertainment and that actually understand the probabilities of the game have a very low chance of becoming addicted to it and they have nothing to worry about, but even then it is a good idea to keep yourself alert and see if there are any signs that you are losing control of your gambling.

It's true that beginners often got hooked up in gambling because of the thrill, sometimes because they got trapped. What I mean is, most of the people gamble only a small amount of money first for safety reason, and sometimes, when you gamble only a small amount of money, you'll never realized how much you are really losing because of you being cautious and how small the amount is.

Now, here's the trap, when they started to increase the amount of money they are using to play in gambling, things change, they lose often, everything's become the exact opposite of what they are expecting that is why they ended up chasing their losses since they never expected that they are gonna lose that money.

How could I forget? Gamblers chasing losses could or could not be addicted to gambling but they definitely have a problem, they begin gambling a little bit but then they get excited and bet too much and lose it, but instead of thinking like a rational person and admitting their mistake and moving on they decide they want to recover that money and keep gambling, something that goes against any financial advise you can find in almost any book, and then they find themselves with the awful reality they have lost so much money that no matter what they do they are never going to recover it.

AicecreaME

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Quote from: Silberman on May 25, 2021, 04:07:46 PM

Quote from: ethereumhunter on May 24, 2021, 11:45:09 PM

Yes, the emotion to the beginners will be too high compare to the old gamblers. If those beginners do not realise what happens to them, I am afraid they will get dragged deeper into gambling and will not see the truth about the danger of gambling. We hope we do not have to be like them and we can reduce our activity in gambling to prevent the addiction.

In my experience the ones that get addicted to gambling are the thrill seekers and the ones that want to make profits because they are desperate, the rest that approach gambling for what it is which is a form of entertainment and that actually understand the probabilities of the game have a very low chance of becoming addicted to it and they have nothing to worry about, but even then it is a good idea to keep yourself alert and see if there are any signs that you are losing control of your gambling.

It's true that beginners often got hooked up in gambling because of the thrill, sometimes because they got trapped. What I mean is, most of the people gamble only a small amount of money first for safety reason, and sometimes, when you gamble only a small amount of money, you'll never realized how much you are really losing because of you being cautious and how small the amount is.

Now, here's the trap, when they started to increase the amount of money they are using to play in gambling, things change, they lose often, everything's become the exact opposite of what they are expecting that is why they ended up chasing their losses since they never expected that they are gonna lose that money.

Betwrong

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Quote from: Reatim on May 21, 2021, 05:00:12 AM

Quote from: Betwrong on May 21, 2021, 04:41:07 AM

~

If you have that Mind set then you are good at it mate because it is not easy to allocate small amount for gambling each time since it is addicting and really wanna stay playing for long time .
and also compare how much we can spend in watching movies with popcorn and softdrinks than spending in our gambling moment?
10-100$ per weekend? when in gambling we can just lose that ina couple of minute .

Yes, it's possible, but if you can afford it, it's okay. What is not okay is starting chasing your losses. Normally, you don't immediately buy a ticket for another movie, when you haven't enjoy the one you just went to. Same approach should be applied to gambling: if you lost in a couple of minutes what you actually can afford to in one week, don't gamble during the next week after that.

Quote from: AicecreaME on May 21, 2021, 08:25:18 AM

Quote from: Betwrong on May 21, 2021, 04:41:07 AM

~

It's funny how we compared gambling on watching movie, I mean the money we spend on watching movie is not a "spare" one, because we intentionally saved it just to watch the movie we wanted, and that's what we called "leisure" or "wants" in other terms, while playing gambling is also a "want" but I just disagree that it's like watching movie, well I guess it depends on a person.
~

Right, it depends on a person. I bet there are lots of gamblers who would prefer a gambling session to spending the same amount on watching a movie. I don't blame them. As long as they are gambling responsibly, they are free to choose their way of relaxation.

ethereumhunter

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Quote from: Silberman on May 25, 2021, 04:07:46 PM

Quote from: ethereumhunter on May 24, 2021, 11:45:09 PM

Yes, the emotion to the beginners will be too high compare to the old gamblers. If those beginners do not realise what happens to them, I am afraid they will get dragged deeper into gambling and will not see the truth about the danger of gambling. We hope we do not have to be like them and we can reduce our activity in gambling to prevent the addiction.

In my experience the ones that get addicted to gambling are the thrill seekers and the ones that want to make profits because they are desperate, the rest that approach gambling for what it is which is a form of entertainment and that actually understand the probabilities of the game have a very low chance of becoming addicted to it and they have nothing to worry about, but even then it is a good idea to keep yourself alert and see if there are any signs that you are losing control of your gambling.

What I observe from an addict to gambling is they will come to the gambling place every day, usually, they go to that place at the night. Spend their time at that place with or without their friends, play some games for some rounds, take a break for a while and enjoy their time, play for some rounds again. If they do not go to that place, they feel an emptiness in their life. But for a gambler who searches for winning, they come to that place and play many games.

In that way, you need to limit your time and do not go to the casino almost every day because sooner or later, you will become addicted to gambling.

Silberman

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Quote from: ethereumhunter on May 24, 2021, 11:45:09 PM

Yes, the emotion to the beginners will be too high compare to the old gamblers. If those beginners do not realise what happens to them, I am afraid they will get dragged deeper into gambling and will not see the truth about the danger of gambling. We hope we do not have to be like them and we can reduce our activity in gambling to prevent the addiction.

In my experience the ones that get addicted to gambling are the thrill seekers and the ones that want to make profits because they are desperate, the rest that approach gambling for what it is which is a form of entertainment and that actually understand the probabilities of the game have a very low chance of becoming addicted to it and they have nothing to worry about, but even then it is a good idea to keep yourself alert and see if there are any signs that you are losing control of your gambling.

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yes you definitely have to be a responsible gambler, because never run away from problems, if you already have debts with other people, you don't run away and don't pay other people's debts, if you've lost some. when you do not follow your passions, you better stop for a moment, so that your finances run out in gambling ..

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Quote from: livingfree on May 24, 2021, 04:23:31 PM

Quote from: ethereumhunter on May 23, 2021, 09:55:16 PM

Quote from: livingfree on May 23, 2021, 07:00:07 PM

Are you sure that most gamblers won't put up a budget even if it's for fun? I doubt.

I think there are more gamblers today that have became wiser and they're putting a budget and the right allocation to gamble. They do it because they've experienced improper budgeting for having fun as you say.

That's why the ones that are not doing it correctly are more of the new gamblers IMHO.

Most gambler, especially new people, will play gambling occasionally, so they may be not put up a budget for gambling. But then after they play for months, they will start to allocate some money and that means, they start becoming addicted to gambling. But maybe I am wrong in this way because I do not know what other gamblers do.

While the old gambler becomes wise and knows how to use the money for playing gambling, we have many new people who start playing gambling. It is a cycle that will not stop and the gambling business will still grow from time to time.

The new ones may not come up with a budget as they gamble.

But I'm sure that they're going to have it once they're already noticing that they have to make up a plan for the budget. Beginners would really have that emotion coming from them but sooner or later, they'll start to feel that there's a need to do so.

Yes, the emotion to the beginners will be too high compare to the old gamblers. If those beginners do not realise what happens to them, I am afraid they will get dragged deeper into gambling and will not see the truth about the danger of gambling. We hope we do not have to be like them and we can reduce our activity in gambling to prevent the addiction.

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Quote from: ethereumhunter on May 23, 2021, 09:55:16 PM

Quote from: livingfree on May 23, 2021, 07:00:07 PM

Are you sure that most gamblers won't put up a budget even if it's for fun? I doubt.

I think there are more gamblers today that have became wiser and they're putting a budget and the right allocation to gamble. They do it because they've experienced improper budgeting for having fun as you say.

That's why the ones that are not doing it correctly are more of the new gamblers IMHO.

Most gambler, especially new people, will play gambling occasionally, so they may be not put up a budget for gambling. But then after they play for months, they will start to allocate some money and that means, they start becoming addicted to gambling. But maybe I am wrong in this way because I do not know what other gamblers do.

While the old gambler becomes wise and knows how to use the money for playing gambling, we have many new people who start playing gambling. It is a cycle that will not stop and the gambling business will still grow from time to time.

The new ones may not come up with a budget as they gamble.

But I'm sure that they're going to have it once they're already noticing that they have to make up a plan for the budget. Beginners would really have that emotion coming from them but sooner or later, they'll start to feel that there's a need to do so.

ethereumhunter

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Quote from: Hamphser on May 23, 2021, 06:42:03 PM

Regret would always be on the end and not would really be found on the first or before you had commit out some consequences because of gambling.

Lots would tell that gambling is for fun and they're playing it just because of that reason but majority is playing is for the sake of profit or income in the worst.

When this kind of emotion and motive in mind then its no surprise that people would really be pushed up into their limits and spend up money
as long they do have on their own pocket.

People who involve in gambling slowly turns become addicted because they do not really know when they need to stop gambling. They only search for fun without thinking about the risk that they got in the long term. Yes, it is playing for fun in the beginning, but then it turns to be searching for money because they see themselves can win the game, and the other people can win the bigger money.

I think it is about how we manage emotion, especially greediness and all other things that can come in gambling. But I am sure that there is a responsible gambler who can manage almost everything in gambling.

Quote from: livingfree on May 23, 2021, 07:00:07 PM

Are you sure that most gamblers won't put up a budget even if it's for fun? I doubt.

I think there are more gamblers today that have became wiser and they're putting a budget and the right allocation to gamble. They do it because they've experienced improper budgeting for having fun as you say.

That's why the ones that are not doing it correctly are more of the new gamblers IMHO.

Most gambler, especially new people, will play gambling occasionally, so they may be not put up a budget for gambling. But then after they play for months, they will start to allocate some money and that means, they start becoming addicted to gambling. But maybe I am wrong in this way because I do not know what other gamblers do.

While the old gambler becomes wise and knows how to use the money for playing gambling, we have many new people who start playing gambling. It is a cycle that will not stop and the gambling business will still grow from time to time.

livingfree

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Quote from: ethereumhunter on May 23, 2021, 12:43:08 PM

Quote from: livingfree on May 22, 2021, 04:38:47 PM

Quote from: ethereumhunter on May 22, 2021, 06:23:36 AM

Quote from: livingfree on May 21, 2021, 05:49:45 PM

Yes.

The start with losing big money, they'll finally come to realize that it's no longer normal and they're losing a lot of money on it. They will start to think of any way to reduce their losses or recover it.

That's the start of being a responsible gambler if they don't want to incur the same amount of losses that they've done.

Yes, if they can reduce their losses by limiting their money in gambling, they will become wise gamblers and will not use more money for just fun. We need to be a responsible gambler to ourselves to save money for the other things that will be more important for our lives.

They don't have to be that much wise.

All they have to do is to allocate the right amount in gambling and save if they have to save and do their own strategy and have fun. Being wise is what they really have to do if they want to be considered responsible gamblers.

But to do those things that we say, sometimes it's not really easy to make it happen.

If they can allocate the right amount in gambling, they will not be desperate to see the losing money in gambling. But most gambler will not do that as they will say that they want to search for fun in gambling. They do not think about allocating the money but they will be too late to realize their mistake because many become addicted to gambling.

Yes, it is not hard to do that and it needs effort from ourselves to take care of our money.

Are you sure that most gamblers won't put up a budget even if it's for fun? I doubt.

I think there are more gamblers today that have became wiser and they're putting a budget and the right allocation to gamble. They do it because they've experienced improper budgeting for having fun as you say.

That's why the ones that are not doing it correctly are more of the new gamblers IMHO.

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Quote from: ethereumhunter on May 23, 2021, 12:43:08 PM

Quote from: livingfree on May 22, 2021, 04:38:47 PM

Quote from: ethereumhunter on May 22, 2021, 06:23:36 AM

Quote from: livingfree on May 21, 2021, 05:49:45 PM

Yes.

The start with losing big money, they'll finally come to realize that it's no longer normal and they're losing a lot of money on it. They will start to think of any way to reduce their losses or recover it.

That's the start of being a responsible gambler if they don't want to incur the same amount of losses that they've done.

Yes, if they can reduce their losses by limiting their money in gambling, they will become wise gamblers and will not use more money for just fun. We need to be a responsible gambler to ourselves to save money for the other things that will be more important for our lives.

They don't have to be that much wise.

All they have to do is to allocate the right amount in gambling and save if they have to save and do their own strategy and have fun. Being wise is what they really have to do if they want to be considered responsible gamblers.

But to do those things that we say, sometimes it's not really easy to make it happen.

If they can allocate the right amount in gambling, they will not be desperate to see the losing money in gambling. But most gambler will not do that as they will say that they want to search for fun in gambling. They do not think about allocating the money but they will be too late to realize their mistake because many become addicted to gambling.

Yes, it is not hard to do that and it needs effort from ourselves to take care of our money.

Regret would always be on the end and not would really be found on the first or before you had commit out some consequences because of gambling.

Lots would tell that gambling is for fun and they're playing it just because of that reason but majority is playing is for the sake of profit or income in the worst.

When this kind of emotion and motive in mind then its no surprise that people would really be pushed up into their limits and spend up money
as long they do have on their own pocket.

ethereumhunter

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Quote from: livingfree on May 22, 2021, 04:38:47 PM

Quote from: ethereumhunter on May 22, 2021, 06:23:36 AM

Quote from: livingfree on May 21, 2021, 05:49:45 PM

Yes.

The start with losing big money, they'll finally come to realize that it's no longer normal and they're losing a lot of money on it. They will start to think of any way to reduce their losses or recover it.

That's the start of being a responsible gambler if they don't want to incur the same amount of losses that they've done.

Yes, if they can reduce their losses by limiting their money in gambling, they will become wise gamblers and will not use more money for just fun. We need to be a responsible gambler to ourselves to save money for the other things that will be more important for our lives.

They don't have to be that much wise.

All they have to do is to allocate the right amount in gambling and save if they have to save and do their own strategy and have fun. Being wise is what they really have to do if they want to be considered responsible gamblers.

But to do those things that we say, sometimes it's not really easy to make it happen.

If they can allocate the right amount in gambling, they will not be desperate to see the losing money in gambling. But most gambler will not do that as they will say that they want to search for fun in gambling. They do not think about allocating the money but they will be too late to realize their mistake because many become addicted to gambling.

Yes, it is not hard to do that and it needs effort from ourselves to take care of our money.

livingfree

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Quote from: ethereumhunter on May 22, 2021, 06:23:36 AM

Quote from: livingfree on May 21, 2021, 05:49:45 PM

Yes.

The start with losing big money, they'll finally come to realize that it's no longer normal and they're losing a lot of money on it. They will start to think of any way to reduce their losses or recover it.

That's the start of being a responsible gambler if they don't want to incur the same amount of losses that they've done.

Yes, if they can reduce their losses by limiting their money in gambling, they will become wise gamblers and will not use more money for just fun. We need to be a responsible gambler to ourselves to save money for the other things that will be more important for our lives.

They don't have to be that much wise.

All they have to do is to allocate the right amount in gambling and save if they have to save and do their own strategy and have fun. Being wise is what they really have to do if they want to be considered responsible gamblers.

But to do those things that we say, sometimes it's not really easy to make it happen.

Silberman

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Quote from: TheNineClub on May 20, 2021, 02:51:10 AM

I have been around gamblers for most of my life, and being a responsible gambler just seems like an oxymoron. The nature of it is tu take risks that always translate to taking greater risks than you can handle. That's why we have gambling addiction and why it is banned in places. It's a great play on human nature, I have to say, at least from a scientific standpoint.

The percentage of gamblers that are addicted to the activity is very low, now it is obvious that most people are going to lose money but if we see gambling for what it is which is nothing more but yet another form of entertainment from which you have to pay then this is no different than those activities, and if we take into account how much you spend against how much time you get some fun while gambling it could be even cheaper than to watch movies in a cinema if the size of your bet is small enough.

Topic: Be a Responsible Gambler - page 19. (Read 6829 times)