Don't bet more than you can afford to lose.

Raflesia

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Quote from: TinaK on January 12, 2022, 06:32:33 PM

Quote from: Alisha-k on January 12, 2022, 06:00:20 PM

When I hear about the rate of losses in gambling and most casinos, I'm always inspired to retardation on several occasions.
...and I keep asking myself, why was these idea invented at first? was this not to help most people exercise thier passion for gaming,with thier money and also give them some kinda liverage as ends meet? ...it still remains an unanswerable questions but on the contrary, people have discovered they only help the company make money from their pockets so they don't indulge to get something in return; they play just for fun and I don't think any sane person would rather prefer to stake millions over his worth just for fun..... Grin

It's always advisable to understand what you're doing ....

We can't blame them, people do gamble because of dual purposes. While having fun at the same time hoping to make a profit and maybe that's the reason why they keep gamble. You can even buy popcorn and drink while watching movies in the theater while having fun, the same as gambling, but while having fun there's a possibility that you will make a profit from it. So the problem is if you didn't put a limit, it should be spending the amount that you can afford to lose only.

Even though this is not quite right, it is true that almost most people gamble in addition to getting pleasure, they also want happiness there.
apart from that all gamble, keep on gambling even if you really want profit but still luck will not come every day and no matter how hard we gamble, it is still a bookie and a gambling house Cheesy

Rufsilf

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Quote from: passwordnow on January 12, 2022, 05:01:48 PM

There really are those gamblers that are willing to spend the last money they've got. They believe in YOLOing and that's what they think where their final luck is going to come out.

It's either they're drowned/addicted or feeling some false hype which makes them feel that it'll be their one last lucky shot to win back what they've lost. But these cases are really common since then and the result will likely another loss for them, and there are some rare cases who also got lucky to get their money back. Still this practices ain't good to live with as it can result to debts that you can never repay.

KTChampions

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Quote from: dunfida on January 12, 2022, 05:59:04 PM

Quote from: KTChampions on January 12, 2022, 04:51:36 PM

If we assume that a person knows how to make money, then in most cases he is certainly not stupid. The problem is that the described problem concerns all people and in the modern world people have money even if they don't know how to make it. In different countries, the amount of this "easy" money is different, but the more developed the country is, the more such money is there.

Would really be just sensible if you would spend up money because you do know that you could earn it back again from various sources and i dont really see any problems with that as long you are aware on your spending

unlike other people who do spend out that theres no tomorrow to mind off and its true that we do have different aspects in life which whether you are minding about your future or just only stuck with the present
and minding it off later on when it comes to problem.

I dont like on having that very stressful kind of condition on where you do seek off money just because you had already spend it out.

This is the worst possible scenario - first losing the money you need to live, and then looking for it while under constant stress, but for some reason, many gamblers fall into this pattern. Sometimes I get stressed just thinking I'm going to run out of cash + I'll lose income (the sum of these events is extremely unlikely) - it's just stress from thoughts Grin

It’s not clear to me how people drive themselves into stress from actions.

LUCKMCFLY

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Quote from: CDC AP on January 10, 2022, 09:03:03 AM

It's very basic. It's the fundamental rule in gambling, although not really practiced by so many gamblers in real life. The money that you are going to bet, consider it gone before you even place the bet. So if you are betting with an amount that is supposed to be used for something else, then consider failing to buy that which you are supposed to buy. Lest we forget it, gambling is wasting money more than earning it. So, gamble only any excess.

There is something that I always proclaim, and that is that for gambling, sports betting, you have to bet the amount of money that one should be willing to lose, otherwise it is not good to put any assets at risk, if it is done that way Risk management is very likely to be a success and you will never have losses or failures as you commonly should.

However, when you do not have this control, it is very easy to fall into addiction and many times in the loss of quality of life, because the compulsive gambler bets everything he has in order to gamble and obtain that pleasure.

michellee

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Quote from: Alisha-k on January 12, 2022, 06:00:20 PM

When I hear about the rate of losses in gambling and most casinos, I'm always inspired to retardation on several occasions.
...and I keep asking myself, why was these idea invented at first? was this not to help most people exercise thier passion for gaming,with thier money and also give them some kinda liverage as ends meet? ...it still remains an unanswerable questions but on the contrary, people have discovered they only help the company make money from their pockets so they don't indulge to get something in return; they play just for fun and I don't think any sane person would rather prefer to stake millions over his worth just for fun..... Grin

It's always advisable to understand what you're doing ....

They play gambling because of many reasons. Some of them play gambling to make money, while others play gambling to have fun and kill time. The passion for playing gambling longer will become bigger for both people, especially if they win a lot of money many times. So they decide to use their winning to win more but unfortunately, not many of them can win much more money. At the same time, the rest of them are losing their money without having a chance to recover their losses. It happens to many people here and out there so we need to avoid that if we do not want to see a big loss.

TinaK

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Quote from: Alisha-k on January 12, 2022, 06:00:20 PM

When I hear about the rate of losses in gambling and most casinos, I'm always inspired to retardation on several occasions.
...and I keep asking myself, why was these idea invented at first? was this not to help most people exercise thier passion for gaming,with thier money and also give them some kinda liverage as ends meet? ...it still remains an unanswerable questions but on the contrary, people have discovered they only help the company make money from their pockets so they don't indulge to get something in return; they play just for fun and I don't think any sane person would rather prefer to stake millions over his worth just for fun..... Grin

It's always advisable to understand what you're doing ....

We can't blame them, people do gamble because of dual purposes. While having fun at the same time hoping to make a profit and maybe that's the reason why they keep gamble. You can even buy popcorn and drink while watching movies in the theater while having fun, the same as gambling, but while having fun there's a possibility that you will make a profit from it. So the problem is if you didn't put a limit, it should be spending the amount that you can afford to lose only.

Alisha-k

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When I hear about the rate of losses in gambling and most casinos, I'm always inspired to retardation on several occasions.
...and I keep asking myself, why was these idea invented at first? was this not to help most people exercise thier passion for gaming,with thier money and also give them some kinda liverage as ends meet? ...it still remains an unanswerable questions but on the contrary, people have discovered they only help the company make money from their pockets so they don't indulge to get something in return; they play just for fun and I don't think any sane person would rather prefer to stake millions over his worth just for fun..... Grin

It's always advisable to understand what you're doing ....

dunfida

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Quote from: KTChampions on January 12, 2022, 04:51:36 PM

Quote from: madnessteat on January 12, 2022, 11:07:28 AM

Quote from: KTChampions on January 12, 2022, 10:41:31 AM

^

I believe that if a person knows how to make money, then he is not stupid. Most likely he simply does not have a sufficient level of financial literacy and responsibility that does not allow him to treat his money with care.Most likely he understands that the chances of leaving the casino with a winnings are small, but he can only stop when his pockets are empty due to greed.

If we assume that a person knows how to make money, then in most cases he is certainly not stupid. The problem is that the described problem concerns all people and in the modern world people have money even if they don't know how to make it. In different countries, the amount of this "easy" money is different, but the more developed the country is, the more such money is there.

Would really be just sensible if you would spend up money because you do know that you could earn it back again from various sources and i dont really see any problems with that as long you are aware on your spending

unlike other people who do spend out that theres no tomorrow to mind off and its true that we do have different aspects in life which whether you are minding about your future or just only stuck with the present
and minding it off later on when it comes to problem.

I dont like on having that very stressful kind of condition on where you do seek off money just because you had already spend it out.

passwordnow

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Quote from: madnessteat on January 12, 2022, 07:59:39 AM

Quote from: passwordnow on January 12, 2022, 07:14:27 AM

^

Limiting the amount of funds for gambling only works if a person has learned to control his funds. Some gamblers can not comprehend this wisdom for years so it has nothing to do with whether the player is a beginner or not. It depends on the person himself and his attitude to gambling and his own money.

Sometimes those gamblers are only promising to themselves and following it at the beginning. But eventually, they're changing and won't follow the rule that they've promised to obey.

Quote from: madnessteat on January 12, 2022, 07:59:39 AM

I will never understand a person who is ready to spend his last money on gambling for a tiny chance to win. It seems to me that such a person is incapable of overcoming a gambling addiction without the help of others.

There really are those gamblers that are willing to spend the last money they've got. They believe in YOLOing and that's what they think where their final luck is going to come out.

KTChampions

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Quote from: madnessteat on January 12, 2022, 11:07:28 AM

Quote from: KTChampions on January 12, 2022, 10:41:31 AM

^

I believe that if a person knows how to make money, then he is not stupid. Most likely he simply does not have a sufficient level of financial literacy and responsibility that does not allow him to treat his money with care.Most likely he understands that the chances of leaving the casino with a winnings are small, but he can only stop when his pockets are empty due to greed.

If we assume that a person knows how to make money, then in most cases he is certainly not stupid. The problem is that the described problem concerns all people and in the modern world people have money even if they don't know how to make it. In different countries, the amount of this "easy" money is different, but the more developed the country is, the more such money is there.

madnessteat

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Quote from: KTChampions on January 12, 2022, 10:41:31 AM

^

I believe that if a person knows how to make money, then he is not stupid. Most likely he simply does not have a sufficient level of financial literacy and responsibility that does not allow him to treat his money with care.Most likely he understands that the chances of leaving the casino with a winnings are small, but he can only stop when his pockets are empty due to greed.

KTChampions

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Quote from: madnessteat on January 12, 2022, 07:59:39 AM

Quote from: passwordnow on January 12, 2022, 07:14:27 AM

^

Limiting the amount of funds for gambling only works if a person has learned to control his funds. Some gamblers can not comprehend this wisdom for years so it has nothing to do with whether the player is a beginner or not. It depends on the person himself and his attitude to gambling and his own money. I will never understand a person who is ready to spend his last money on gambling for a tiny chance to win. It seems to me that such a person is incapable of overcoming a gambling addiction without the help of others.

Even with the help of others, not all people can correct this behavior pattern because it is not an addiction, but simple dumbness. It may sound rude, but some people are not intellectually developed and no matter how you explain to them about cause-and-effect relationships, they do not understand this and continue to fall for casino tricks.

madnessteat

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Quote from: passwordnow on January 12, 2022, 07:14:27 AM

^

Limiting the amount of funds for gambling only works if a person has learned to control his funds. Some gamblers can not comprehend this wisdom for years so it has nothing to do with whether the player is a beginner or not. It depends on the person himself and his attitude to gambling and his own money. I will never understand a person who is ready to spend his last money on gambling for a tiny chance to win. It seems to me that such a person is incapable of overcoming a gambling addiction without the help of others.

passwordnow

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Quote from: Woodie on January 11, 2022, 09:36:10 AM

The funny thing is when starting off to gamble we always have a plan not to wager more than one can afford to lose, but fortunately after a few gaming rounds we find ourselves winning and then the temptations to wager more than usual kicks in and we know how this ends... thats how greed gets the better of us and we lose it all in the next few rounds of play and wish we didnt play any of the games at all. But then again you cant win if you dont play.

That's always the case for the starters, we make promises on how much we're willing to lose but eventually, as we lose. We want to recover that loss and even win more.
The craving is increasing and that's the sensation of gambling. We want to wager and bet for some more because that's making us feel that we need to do it for more.

yazher

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Quote from: Japinat on January 12, 2022, 04:38:30 AM

It depends on how we handle our finances because we don't have the same value of income and the same source. I think as long as we are responsible for gambling this percentage would be useless as we can control what we can only risk. Those who get addicted maybe know how much they will risk only but they just failed to execute their plan effectively.

When they suffered straight loss, that's when they lose their sense and decide to bet everything they have. Unfortunately, most of them also lose it and they will remain stressed until they gave up to get back what they've lost. These kinds of people are safe from getting the worst addiction of gambling because they know how to stop when aren't going their way and finally decided to focus on something that will gonna benefit them and makes them move on with their unpleasant experience with gambling. while the others still push towards their goal without any thought of they might gonna be suffer more losses and bury themselves with loans.

Raflesia

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Quote from: Woodie on January 11, 2022, 09:36:10 AM

The funny thing is when starting off to gamble we always have a plan not to wager more than one can afford to lose, but fortunately after a few gaming rounds we find ourselves winning and then the temptations to wager more than usual kicks in and we know how this ends... thats how greed gets the better of us and we lose it all in the next few rounds of play and wish we didnt play any of the games at all. But then again you cant win if you dont play.

The temptation often occurs when winning at bets but if it is not controlled then of course the money from the victory will run out too, but if our principle is to play and then win and stop for a moment I think it is difficult if we want to play continuously the feeling is not satisfied even though there has been a victory in the game. our hands then that greed can destroy us.
This control is very important and must be regulated so that when this happens again later you can enjoy the money from the winnings.

Japinat

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Quote from: bakasabo on January 12, 2022, 04:27:34 AM

It is said that persons watch must cost not less than 1% of his year income. I dont know who and how this was calculated, but I think something similar might be applied to gambling.

When you get salary, pay your bills, make obligatory payments, buy food for 1 week and multiply this amount by 4, save 10-15% of your monthly salary for unexpected expenses. What is left - the amount you can easily spend on yourself. Spend it on gambling, entertainment or save, do what ever your want, as you know your budget. I would do like that if I were an addicted gambler.

It depends on how we handle our finances because we don't have the same value of income and the same source. I think as long as we are responsible for gambling this percentage would be useless as we can control what we can only risk. Those who get addicted maybe know how much they will risk only but they just failed to execute their plan effectively.

bakasabo

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It is said that persons watch must cost not less than 1% of his year income. I dont know who and how this was calculated, but I think something similar might be applied to gambling.

When you get salary, pay your bills, make obligatory payments, buy food for 1 week and multiply this amount by 4, save 10-15% of your monthly salary for unexpected expenses. What is left - the amount you can easily spend on yourself. Spend it on gambling, entertainment or save, do what ever your want, as you know your budget. I would do like that if I were an addicted gambler.

Silberman

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Quote from: johhnyUA on January 07, 2022, 04:39:54 PM

Quote from: Hypnosis00 on January 07, 2022, 04:30:47 PM

10 % is not a high amount unless you are really forced yourself to gamble despite the bills you have to pay.

If you have bills (or debts) to pay, you shouldn't gamble at all, your limit should be 0 % Cheesy

I think we are talking about situation when 2000 dollars is enough for your comfort living and you have some money to spend for entertainment.

And yeah, as i said previously, 10-15 % it's maximum limit

I agree with this, I personally avoid being in debt as if it is the worst thing in the world, and in my opinion it is as at least to me it is almost impossible to have a good night sleep knowing that I owe something to someone else, so if anyone is indebted then they cannot afford to buy any luxury and this includes gambling as well, but once you are out of your debts then that is the time in which you can be more permissive with yourself and spend a little bit more of money.

KTChampions

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Quote from: Woodie on January 11, 2022, 09:36:10 AM

The funny thing is when starting off to gamble we always have a plan not to wager more than one can afford to lose, but fortunately after a few gaming rounds we find ourselves winning and then the temptations to wager more than usual kicks in and we know how this ends... thats how greed gets the better of us and we lose it all in the next few rounds of play and wish we didnt play any of the games at all. But then again you cant win if you dont play.

I have heard many such stories, but I have never been in such a situation myself. I always spend no more than I planned, but I'm not a gambler at all (for me gambling is mathematics), so I probably am not the best example. And usually I have a plan in case I start winning - I leave the amount with which I started playing and try my luck with "free" money.

Topic: Don't bet more than you can afford to lose. (Read 1368 times)