Topic: Best Practices for Staying Safe When Gambling - page 3. (Read 3586 times)

It's a general belief that gamblers are always chasing their losses whenever they're losing in their bet but from my own personal experience, I don't think that belief is true.
There are gamblers who will always decide not to continue with their gambling activities whenever they're losing instead of gambling more in their quest to recover from their already lost games. Trying to recover the money that's lost in gambling immediately haven't worked like everyone tried it have expected so I don't think it's wise doing it.

No, I don't think it's a common thing for casual players, casual players imply that they can stop whenever they want to unlike addicts that will try their best and do anything that they have to do to gamble again and I didn't even said that chasing losses is the main reason for addiction, yes it does take a few symptoms but when one shows, shouldn't you consider doing something about it especially if that symptom you're talking about is chasing losses because it's damaging to that person and the person around them financially.

Loss chasing is a common problem among gamblers, especially those with gambling addictions. This refers to the act of trying to recoup the money you lost by increasing your bets or playing more frequently. However, for those who are addicted this strategy rarely works and can cause more significant damage. So before you start gambling to control yourself decide on a budget that will help you avoid losses. Otherwise the addiction will lead you to overspend and chase losses which can lead to financial difficulties and gambling addiction.

Yes, I know that and it is indeed difficult to maintain self-control or remain responsible for limits when faced with situation like this, especially when opportunities are clearly visible before our eyes.
Even though I often say that it is important to maintain boundaries and it is not certain that I personally can do what I say about boundaries, at least giving each other suggestions and advice is something that can be useful.
I know what I have to do with my own money when gambling and if I exceed that limit, it doesn't make me feel difficult because the excess is probably only little, no more than 50% of my daily income.
Like there still money left over to survive and save.

It all about money and if gambler can be responsible and knows what to do to protect it then he will definitely have security, it just that most gamblers take this for granted and they think that tomorrow they can still work to make money.
That why there are many gamblers who always do stupid things that endanger every amount of money they have.

Distinguishing between good and bad can definitely be done, but it depends on a person mindset because what I consider good may not necessarily be what other people consider good and vice versa.

Yes, chasing losses is the reason given by many gamblers who continue gambling even though they have experienced many losses. But they won't want to admit it and will make other excuses because they actually feel that chasing losses is difficult but they don't want to stop gambling. That will make them experience more losses than before, and many of the gamblers will immediately spend all their money that day without thinking about leaving some money for another day. They really have to change their inappropriate mindset in pursuing losses because that will only make them experience defeat. If they can restrain themselves from chasing their losses, they can see that they actually still have money left over that can be used another day to gamble.

Those bets in which a gambler thinks they cannot lose are what can cause some massive losses for gamblers, as those surefire bets offer really bad odds and in order to compensate gamblers will make absurdly high bets in order to obtain the profits they want, and when the favorite losses then all of that money will be lost, and suddenly the gambler finds themselves in a position they never thought they will face, and that is when they could begin to chase their loses and their losses will increase even further this way.

The casinos do not only have a small advantage, but they are built to give them the most. Gamblers win a lot from the casino, but when you think about the process and what they have spent all together, you will notice that some of their celebrated winnings are not even up to what they have spent in gambling all together.
 
And for those who always think they have a higher chance of winning in gambling, they are the ones who always end up getting disappointed over the result of their bet slip. For sure, you can win a bet in a casino, but always having that overconfidence that one particular game is a sure banger is what has landed most people to where they are right now because they forget there is no sure odd in gambling; we can get disappointed at all times. That's why we need to always wager with a responsible bankroll so that whatever the result of the bet, we can still stand on our feet.

Indeed, that kind of attitude remove the balance inside your mind, once you start chasing your loses that the time casino wins against you in it's true sense, because each time you try adding money to your balance, the outcome most of the time will cause you to lose that amount again and again, since even chances gives you the opportunity to have a winning streak you'll push for more thinking that it won't stop.

Thinking that it's your time and luck is permitting you to win and will allow you to cashout decent amount of money, but the truth is, because of that greed inside you, you'll lose it back and end your session with another sets of regrets.

The reason why they wont stop playing while losing such amount because they are chasing their losses to the point that they lose more and more in gambling , they didn't even realize what's their actions and decisions that they made because the only important thing in their mind is to get back all the money that they lose or hoping to multiply the money that they have in a higher prize.

Unfortunately, they also don't realize that after losing a certain amount, they don't immediately stop gambling but continue gambling. From there, they start to get more losses, which will become bigger if they don't stop gambling. They also don't try to control themselves after losing and that is not the way to stay safe while gambling. They can stay safe while gambling by still trying to control themselves from losing a lot. We must try to prevent ourselves and not follow emotions, especially when there is a desire to recover from the losses we have experienced. It will be increasingly difficult because all that remains is that we will experience more and more losses.

That's why we called it gamble and gambler loves to try and check for their luck, who knows a lucky day will come their way and make them win huge amount of money, they are all aware about the risk and they wanted to prove something, best practice is to know when to stop and how to deal with your loses, if you can prevent yourself from following your emotions then you have all the time to enjoy and not to excessively play and lose a lot.

But interestingly, people don't stop gambling even though they know the risks they will experience after they finish gambling. They already know that they will lose but they try to prove it even though some of them can win. But the number of those who lose is still greater than the number of people who lose, so we shouldn't follow those who have lost and take the risk of losing even more. We can still gamble, but with a note, we gamble in moderation and don't violate the limits we have made so that we can prevent large losses. That's the only thing that can help us and we can still enjoy gambling as entertainment.

Its quite easy, use a small amount, come to gambling once a week and think of it as just your free time, you will do it like playing video games and if you win, think of it as a bonus given for the fun you do, but dont withdraw the winnings and save some to gamble again a week. which will come.

It is very easy to overcome gambling safely but sometimes someone sees it as difficult and the difficulty actually comes from their own mind which considers gambling to be like a money multiplying machine trying to continuously deposit their money to double it and with several examples I said this is one way to avoid bad impacts gamble.

And sadly those which have enough knowledge about the economy and how to manage their money are a minority, and I know this is true because almost every day I watch people to take dubious financial decisions, like investing in shitcoins, getting high debts and buying stuff they cannot afford.

And if anything the system is designed to get those people a lot of debt from which they can never escape, which makes critical for everyone to understand what is going on and avoid falling into one of those traps as then it becomes really difficult to escape from them.

Gambling only provides a small profit and is not commensurate with the losses we have incurred gambling, therefore it is important to understand how to gamble safely. As you said, it does seem difficult for people who are already addicted, but we as users are the same. We must remind and prevent each other so that we avoid gambling addiction, don't let gambling control us and don't let us chase defeat because chasing defeat will make us even more out of control and possibly become addicted.

Your strategy is actually a nice one, I'd only people would follow suit and understand that greed actually does more harm than good to gamblers in the  gambling space, then it will help them with how well they pick their options and their approach to gambling in a better perspective.

Self awareness will help a long way to get controlled with your gambling activity a d will definitely help you with gambling responsibly and become less prone to becoming addicted,w when you have got your Habit and approach to gambling under control, you definitely reduce your risk or chances of becoming addicted, that awareness always keeps you in check and make sure you don't get to the point if addiction.

I've never for one day sat down and emphasize to gamble, its against my rules and guidelines, but looking at me today, I'm fortunate to be among one of those gamblers that have benefited, though I've made loses but I ensure my profits surpassed my losses ratio. Every operation carried out is all about strategic, using an appropriate technique will do the main workings for us in th system. You're absolutely correct about the these important attributes mentioned because they serves as good aides in gambling. Self-control is the most important quality.

If you are that someone who arent really that making use of your own common sense or not really be able to find out on whats good and whats bad then for sure you would really be that ending up on getting addicted. If you dont value your future and possible consequences that might happen ahead then you wont really be caring on the actions that you are currently making and this is where
mistakes do really make such impact into your life. Realization would always come at the end and it would really be that always recommendable that you should really know on
making decisions or else you would really be finding yourself in great or huge trouble. Always make it sure that you are still in control on the situation.

No doubt about that. People who lack financial literacy tend to be much more vulnerable to becoming gambling addicts and recklessly wasting money on it without knowing the fact that they are not going to get anything out of it at the end of the day because casinos are businesses and aren't places for gamblers to earn money from. They don't understand that they are supposed to spend just a small amount, or whatever they can afford to lose, in a casino only to enjoy the time they're spending in it and that's it.

People who are financially literate in their lives in general will have a much better view of gambling in their mind because they are clear about how they need to manage their finances and they know they can't spend more than they can afford to lose in gambling or anything that requires finances.

Well that's a great strategy that you use, because of course the tokens are a way of Betting and since their value varies depending on how the quote goes, well if it is lost or lost, the pain of losing fiat money or in its defence, Bitcoin can be something that is different, now, when we can do something different, like playing and Placing bets on fights, be they UFC, or boxing, the odds are somewhat more exact, I also believe that you Should know a lot about the sport and Knowing the skills of the boxers, fighters who are going to be, here it is much easier to determine to do a detailed study on the boxer, or fighter who is being revealed, so in these cases I would say that always the things that are The most common ones are given to be able to manifest themselves as a way of doing things better due to the studies of bets and their Numbers , it is true, for a Person who Knows that these numbers are not wrong except on rare Occasions , because it is safer to bet there , However, it is not so Safe, because something Different can happen and the other Wins.

In fights the chances will always be 50-50 for me, of course everything is going to be won because a particular fighter is Always somewhat Influential, but in boxing in particular I am one of the fans of this sport and one already has other criteria for the bet, even you can predict what the fight may be like, these types of things are very Important , the more Successful you are in a Sport, the more accurate you will be in the sport, for that Reason it is always good that one has I agree about what you are getting into, Because it doesn't make sense that we are in a Sport that we always have Everything to bet on but luck, in sports betting and Trading, me , I don't see it as chance, nor as luck, that There is an element of luck, yes, but it is not all luck or chance, like any Sport.