Do you limit your gambling time? - page 6.

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Quote from: nitrobetting on May 20, 2021, 08:55:02 PM

~

As a sports bettor, I try to focus on 2 things:

-Have a strict budget for betting
-Have a limit of spending when things don't work out or on a losing streak

~

I think the two things are still in the same way regarding the limitation and / or use of the budget. For me personally, when it comes only to gambling sports, at least, I will focus more on certain matches and then, calculate the odds obtained for finally adjusting the use of the budget made at the end. So yes, there are actually several factors to be aware of in sports betting and not just budget restrictions.

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It's called psychology! You start losing, trying to get your money back! It's the same with trading in the exchange... At first you manage to make money, and then you rapidly lose... At such moments you have to be concentrated on other activities...

In connection with your observation, I would like to note my experience, which was really many years ago.
I then tried to play the Forex market. First, I learned how to advise on the demo. And everything started to work out, I was delighted and thought that everything would go well in the real market. I remember how surprised I was, I was amazed, one might say, when everything went completely wrong. I remember even freaking out when I lost everything quickly and strongly. Indeed, my psihotype was tuned by the demo version, in the giveaway version. And the real market was cruel and merciless and a completely different psychological type of personality was needed there.
So it was a very good lesson for me ...
I remembered the difference all my life

By the way, they write a lot about this here in BTT - you can't normally learn to trade on demo versions.

And, of course, you have to limit the time of the game, informing yourself in advance at .. hours, .. minutes ... I finish.

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Quote from: michellee on May 21, 2021, 04:09:31 AM

Quote from: nitrobetting on May 20, 2021, 08:55:02 PM

Well do we all try to limit it for some time until we feel the itch or that we all miss an opportunity to win hauls of money? Cheesy

As a sports bettor, I try to focus on 2 things:

-Have a strict budget for betting
-Have a limit of spending when things don't work out or on a losing streak

Sports gambling is fun and challenging. One day you feel like you know the sports like the back of your hand and next time you blink you're in tough hole trying to climb back. Gambling in general, there's always a time to win and lose. It all comes down to instinct and how you feel gambling on the market you bet on.

You do great things in gambling so I am sure you can control yourself in gambling and not use more money to gamble. Gambling is challenging and tempting for everyone who wants to test their luck and skills, but they need to remember that they do not have to use too big money and always limit their money and time. We can get excited when we gamble, which can make us forget to stop, so we need to have control of ourselves.

Big money is hard to measure because that depends on a gambler's capacity.

The basic principle when gambling is to gamble what you can afford to lose, one can gamble 1 dollar but if he can't afford that, it's too big for him, and on the other side one can gamble 1 million which is too big for others but he can afford that since he is a billionaire and it doesn't matter if he lose because he can move on.

Bottom line is, "gamble what you can afford only".

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Quote from: nitrobetting on May 20, 2021, 08:55:02 PM

Well do we all try to limit it for some time until we feel the itch or that we all miss an opportunity to win hauls of money? Cheesy

As a sports bettor, I try to focus on 2 things:

-Have a strict budget for betting
-Have a limit of spending when things don't work out or on a losing streak

Sports gambling is fun and challenging. One day you feel like you know the sports like the back of your hand and next time you blink you're in tough hole trying to climb back. Gambling in general, there's always a time to win and lose. It all comes down to instinct and how you feel gambling on the market you bet on.

You do great things in gambling so I am sure you can control yourself in gambling and not use more money to gamble. Gambling is challenging and tempting for everyone who wants to test their luck and skills, but they need to remember that they do not have to use too big money and always limit their money and time. We can get excited when we gamble, which can make us forget to stop, so we need to have control of ourselves.

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Well do we all try to limit it for some time until we feel the itch or that we all miss an opportunity to win hauls of money? Cheesy

As a sports bettor, I try to focus on 2 things:

-Have a strict budget for betting
-Have a limit of spending when things don't work out or on a losing streak

Sports gambling is fun and challenging. One day you feel like you know the sports like the back of your hand and next time you blink you're in tough hole trying to climb back. Gambling in general, there's always a time to win and lose. It all comes down to instinct and how you feel gambling on the market you bet on.

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Quote from: just_Alice on May 19, 2021, 05:32:06 PM

Being healthy doesn't mean having a longer life. It means having better life right now.

That depends on how you view the perspective of it but both can be correct.

Quote from: Lanatsa on May 20, 2021, 05:43:14 PM

-Better to go solo because im bit a shy type of person

You haven't experienced to gamble with your friends, mate? I advise you to do and try that because it's more fun if you do that. Just join with your friends that are good and down for it.

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Quote from: paxmao on April 13, 2021, 05:33:12 AM

This is about how do you make sure that you are gambling in full control. There are many people who are easily brought into gambling beyond fun and that is a problem for them and also for the gambling industry, because it is for them that there are limitations in many countries.

Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?

-Random basis because there are days which I can save up and some doesn't have
-Sometimes in my friends but those immediately been repaid
-Random times because not all the time I do have vacant to play
-Better to go solo because im bit a shy type of person
-No, because im not that much an addicted one.

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Quote from: paxmao on April 13, 2021, 05:33:12 AM

This is about how do you make sure that you are gambling in full control. There are many people who are easily brought into gambling beyond fun and that is a problem for them and also for the gambling industry, because it is for them that there are limitations in many countries.

Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?

- I have a weekly budget - Half of my pot
- I'm never in debt for gambling, I use part of my earnings from my Signature campaign reward
- No cemented gambling time, its mostly at the weekends unless I see something really favourable during the week which is rare
- Gambling alone, I dont gamble with any friends or family
- Controling my own gambling, as per above points.

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Quote from: paxmao on April 13, 2021, 05:33:12 AM

This is about how do you make sure that you are gambling in full control. There are many people who are easily brought into gambling beyond fun and that is a problem for them and also for the gambling industry, because it is for them that there are limitations in many countries.

Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?

1. Yes I have a weekly budget for gambling with is a fixed amount of money which I can afford lose, once I lost the bet I move on till another time.

2. I am much disciplined in my gambling such that I wouldn't allow emotion to overshadow me when I lost a bet such that would be indebted.

3. I play soccer bet thus mostly on Fridays before the weekend matches and occasionally on Mondays whenever there is midweek UCL matches

4. No. I don't involve relatives excepts friends who are soccer analyst we predict matches based on each team analysis.

5. I never involve anyone in gambling I only check online for a more thorough analysis of matches ahead.

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Quote from: just_Alice on May 19, 2021, 05:32:06 PM

<...>

Being healthy doesn't mean having a longer life. It means having better life right now.

yes, how one use their life is much more important than how long they live
did you know that Bruce Lee died at age of 32?
but still he left an important legacy for the world and is recognized until this day...

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Quote from: boyptc on May 18, 2021, 02:42:41 PM

Quote from: Silberman on May 18, 2021, 11:11:07 AM

In a way I can understand why people think like this but they need to be smarter than that, we need to accept the reality that most of the time we are going to lose to the casino when it comes to a session in particular, but when it comes to the long term unless we are incredibly lucky or we play a game of skill then it is almost impossible to beat the casino, and that is fine because that is something that we should have known from the very beginning and the one that does not is an irresponsible gambler.

Yup.

Even you're gifted with talent and skill in the game that you've chosen to gamble and even if you're pursuing and putting much time on it, there's no way to beat the casino.

You can win but there will be the time for you to see the losses but you can mitigate it through your skill and experience.

This is why having a multiple options on gambling site can be a good strategy as well, if you’re losing on your first gambling site then you can play on the second site where your luck is working. Casinos will always be a winner here, you might win some but someone is losing big time in gambling and thats where the money came from. We should have a limit on everything, I can’t gamble the whole day because my resources wont allow that, I just gamble for at least 8hrs every week.

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Quote from: Saint-loup on May 13, 2021, 06:54:15 PM

Quote from: just_Alice on May 13, 2021, 01:19:04 PM

Quote from: Nrcewker on May 13, 2021, 05:30:55 AM

Quote from: pinggoki on April 13, 2021, 07:45:18 AM

It depends on which I am limiting my time. Sometimes I am limiting my time when I am betting just to enjoy and to have fun with the game but when it is in a serious mode just like in poker, I don't have any limits especially in time because in poker the impatience are the one who losses very quick so you must wait your turn in which you are getting a good cards every turn. In terms of money, you must just limit on the amount of money that you've afford to lose because if you cannot do that then probably you will be burried in debt.

So you basically saying, it's just time that prevents you from gambling ? I mean what about money ? It plays the most important thing in gambling.
If you dont have enough money then nothing can be done and no profits to be won.
If you listen to me then it's better not do gambling, as it will help you to prevent you from becoming bankrupt.
Yes it can be better if you have immense knowledge on sportsbet, then you can use intelligence and can place a bet. But there will be still a little chance of loss.
Again as we know Gambling is all about risk, so if you can take risk then can surely try gambling and limit your time.

Sometimes I'm checking stats on people posting in chatbox about their "big wins" of $0.5, and what's interesting is that pretty often I can see tens or even hundreds BTC wagered by them, which means they manage to play responsibly, never risk big money compared to their bankroll, and that it's rather their precious time is what they are losing to gambling. I don't think losing time is nothing. Time is money. Time is health if spent on preparing healthy food, or hiking, or exercising.

Limiting our gambling time is as important as limiting our daily bankroll.

Again you are criticizing gamblers and gambling... 😕 I'm sorry but I don't understand why you are wasting your time posting about gambling and why you are posting in the gambling section if you don't like gambling? Huh

What is your goal in doing that?

Again, I think you are getting me wrong. What I criticize is overspending of time or money on gambling, not gambling itself. And what I'm saying in my posts I'm saying it to myself as well because I am a gambler too, and at some periods of my life, I used to spend more than I should on gambling, especially time. Once I lost around $150 on dice within 30 minutes. Trust me it was huge money for me back then, and even today it's far from what I can easily afford to lose. It wasn't a deposit, I won the money through various promotions, but still.

Quote from: Saint-loup on May 13, 2021, 06:54:15 PM

Moreover, I'm sorry but I don't understand what is the point of being healthy if you don't do anything pleasant in your life. Having a longer but sad life is not what everybody is looking for.

Being healthy doesn't mean having a longer life. It means having better life right now.

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Quote from: milewilda on May 18, 2021, 02:53:33 PM

Quote from: boyptc on May 18, 2021, 02:42:41 PM

Quote from: Silberman on May 18, 2021, 11:11:07 AM

In a way I can understand why people think like this but they need to be smarter than that, we need to accept the reality that most of the time we are going to lose to the casino when it comes to a session in particular, but when it comes to the long term unless we are incredibly lucky or we play a game of skill then it is almost impossible to beat the casino, and that is fine because that is something that we should have known from the very beginning and the one that does not is an irresponsible gambler.

Yup.

Even you're gifted with talent and skill in the game that you've chosen to gamble and even if you're pursuing and putting much time on it, there's no way to beat the casino.

You can win but there will be the time for you to see the losses but you can mitigate it through your skill and experience.

Talent and skill would only be applicable into card games which i do really believe on that since there are gamblers who do actually able to sustain themselves on longer runs which is understandable
since these card games does really rely on strategy and of course with some luck unlike on luck based type of games where you do think that you can beat out the system then even in our
dreams these things wont be possible this is why we shouldnt really force ourselves to believe on such thing to exist because this will be the reason that you would be fucking
up yourself and affect your finances if you do desperately push on what you do believe.

Talent and skill in all sort of games, we can have it.

Including the decision making and that's what I meant in generalization.

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Quote from: lixer on May 18, 2021, 12:41:44 PM

Quote from: Silberman on May 18, 2021, 11:11:07 AM

when it comes to the long term unless we are incredibly lucky or we play a game of skill then it is almost impossible to beat the casino, and that is fine because that is something that we should have known from the very beginning and the one that does not is an irresponsible gambler.

But my question is, why you should gamble even after well aware of what is going to happen in the end? Do not answer like for entertainment purposes, because I am having 100s of other methods to have fun for zero costs. So in my opinion, just being aware of what is going to happen in the end of the day, will not make you as a responsible gambler; moreover I do see if you gamble then you are perfect suitable to call as a irresponsible persons even you win for a day because one or other you will lose more than what you won in your entire life. That's gambling.

There will be no need to worry on limiting gambling when we not at all gamble, right? Quit gambling completely and then you will start progressing in your life in all means.

Because that's how the brain works and that's inevitable. It knows that in the end, 99% of the times (depending on HE) you're gonna end up losing everything but until the vary last dime it'll force you to play.
Dopamine, that's the real issue!

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Quote from: boyptc on May 18, 2021, 02:42:41 PM

Quote from: Silberman on May 18, 2021, 11:11:07 AM

In a way I can understand why people think like this but they need to be smarter than that, we need to accept the reality that most of the time we are going to lose to the casino when it comes to a session in particular, but when it comes to the long term unless we are incredibly lucky or we play a game of skill then it is almost impossible to beat the casino, and that is fine because that is something that we should have known from the very beginning and the one that does not is an irresponsible gambler.

Yup.

Even you're gifted with talent and skill in the game that you've chosen to gamble and even if you're pursuing and putting much time on it, there's no way to beat the casino.

You can win but there will be the time for you to see the losses but you can mitigate it through your skill and experience.

Talent and skill would only be applicable into card games which i do really believe on that since there are gamblers who do actually able to sustain themselves on longer runs which is understandable
since these card games does really rely on strategy and of course with some luck unlike on luck based type of games where you do think that you can beat out the system then even in our
dreams these things wont be possible this is why we shouldnt really force ourselves to believe on such thing to exist because this will be the reason that you would be fucking
up yourself and affect your finances if you do desperately push on what you do believe.

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Quote from: Silberman on May 18, 2021, 11:11:07 AM

In a way I can understand why people think like this but they need to be smarter than that, we need to accept the reality that most of the time we are going to lose to the casino when it comes to a session in particular, but when it comes to the long term unless we are incredibly lucky or we play a game of skill then it is almost impossible to beat the casino, and that is fine because that is something that we should have known from the very beginning and the one that does not is an irresponsible gambler.

Yup.

Even you're gifted with talent and skill in the game that you've chosen to gamble and even if you're pursuing and putting much time on it, there's no way to beat the casino.

You can win but there will be the time for you to see the losses but you can mitigate it through your skill and experience.

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Quote from: Silberman on May 18, 2021, 11:11:07 AM

when it comes to the long term unless we are incredibly lucky or we play a game of skill then it is almost impossible to beat the casino, and that is fine because that is something that we should have known from the very beginning and the one that does not is an irresponsible gambler.

But my question is, why you should gamble even after well aware of what is going to happen in the end? Do not answer like for entertainment purposes, because I am having 100s of other methods to have fun for zero costs. So in my opinion, just being aware of what is going to happen in the end of the day, will not make you as a responsible gambler; moreover I do see if you gamble then you are perfect suitable to call as a irresponsible persons even you win for a day because one or other you will lose more than what you won in your entire life. That's gambling.

There will be no need to worry on limiting gambling when we not at all gamble, right? Quit gambling completely and then you will start progressing in your life in all means.

Silberman

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Quote from: pawanjain on May 15, 2021, 12:17:19 PM

That's a classic gambling psychology. If we lose we tend to doubt the gambling website and if we win we throw in more money or keep gambling in greed.
Eventually we lose and start trying our luck again and again. We keep losing the money since the house edge is always on their side.

In a way I can understand why people think like this but they need to be smarter than that, we need to accept the reality that most of the time we are going to lose to the casino when it comes to a session in particular, but when it comes to the long term unless we are incredibly lucky or we play a game of skill then it is almost impossible to beat the casino, and that is fine because that is something that we should have known from the very beginning and the one that does not is an irresponsible gambler.

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Quote from: pawanjain on May 15, 2021, 12:17:19 PM

Quote from: Silberman on May 15, 2021, 10:39:27 AM

Quote from: Twinkledoe on May 13, 2021, 08:23:33 AM

This is how I sometimes feel when I gamble. When you bet small, you're winning but when you start betting higher amount, it seems the world is against you. But I know, it is just a coincidence. Not addicted here also. I just gamble from time to time, to pass the time or if I have extra money. So there's nothing to worry about the limit of my gambling time as I can still control myself when to stop, that is usually when my extra funds are already depleted.

This is very common which is why some feel they are begin cheated when they gamble with important sums of money when in reality what is happening is that when you bet with an amount of money that it is small then you do not really care too much about your losses as your capital can absorb them but when you bet with a significant amount of money and you lose that money then you are not happy about it and suddenly some players being to think they were cheated when that is not the case.

That's a classic gambling psychology. If we lose we tend to doubt the gambling website and if we win we throw in more money or keep gambling in greed.
Eventually we lose and start trying our luck again and again. We keep losing the money since the house edge is always on their side.

that!
in the end we're not so rational.
Have you ever read Dan Arielly? there's a really nice book about the subject:
Predictably Irrational

We often have the tendency to think we will keep winning once we are winning
something simmilar happens on the markets as well.

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Quote from: Silberman on May 15, 2021, 10:39:27 AM

Quote from: Twinkledoe on May 13, 2021, 08:23:33 AM

This is how I sometimes feel when I gamble. When you bet small, you're winning but when you start betting higher amount, it seems the world is against you. But I know, it is just a coincidence. Not addicted here also. I just gamble from time to time, to pass the time or if I have extra money. So there's nothing to worry about the limit of my gambling time as I can still control myself when to stop, that is usually when my extra funds are already depleted.

This is very common which is why some feel they are begin cheated when they gamble with important sums of money when in reality what is happening is that when you bet with an amount of money that it is small then you do not really care too much about your losses as your capital can absorb them but when you bet with a significant amount of money and you lose that money then you are not happy about it and suddenly some players being to think they were cheated when that is not the case.

That's a classic gambling psychology. If we lose we tend to doubt the gambling website and if we win we throw in more money or keep gambling in greed.
Eventually we lose and start trying our luck again and again. We keep losing the money since the house edge is always on their side.

Topic: Do you limit your gambling time? - page 6. (Read 5433 times)