Don't bet more than you can afford to lose. - page 8.

bekti3

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Quote from: Lanatsa on January 06, 2022, 03:52:15 PM

Quote from: bekti3 on January 06, 2022, 03:33:45 PM

it goes back to everyone who doesn't and this is what everyone is measuring against because indeed as you said $300 is big enough but not big enough for addicts.

I think your input is quite good because instead of being used for gambling, it may be saved for savings or even invested.
but sometimes especially for addicts when eliminating gambling in their life it's like something is missing

There's always a comparison in between people who are addicted and to those who aren't on which mindset will be totally different since they do know that they could
make out income on constant basis then they would be thinking off that they could earn and spending those parts or funds in gambling wont hurt them bad
and this is a common behavior of an addict which you cant really stop them on doing so since they do know that they have money inside of their pockets
and they would bet as much as they could.

so true. Their differences are even clearly visible.
on the other hand actually when you say about profits it's just wishful thinking because no matter how hard you work, no matter how strong your capital is there, of course, the results are already guessed, won't it Cheesy

Not without reason because brands (gambling houses) are great businessmen and we will definitely lose to them.
So, don't gamble too much

ChiBitCTy

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Quote from: khaled0111 on January 07, 2022, 10:18:13 AM

Quote from: galambo on January 07, 2022, 05:37:28 AM

Gambling IMO adds to anxiety rather then giving you fun feelings. Imagine what fun you will get if you gamble and lose 100$ on weekend night? Its better to do some other stuff for fun like dining out, going on one day trip rather then doing gambling. Not many like me understand this unless they lose big in gambling.

Gambling can cause anxiety only and only if you think of it as a way to make profit and it can make rich overnight. Gamblers who think this way are the ones who spend more than they can afford to lose and who usually end up bankrupt.
If you think of gambling as what it was designed for, which is a means of entertainment and to have fun, you will not feel sad when you lose money because it's expected and you were willin to spend it not to double it. In any case, even dining out or going on a day trip costs some money, but you don't feel like you lost it because you spent it on something you like.

Gambling certainly can lead to anxiety and a lot of stress. I know a lot of people who take gambling way too seriously and it can certainly put you in a lot of bad situations, such as financially ruining you. However I don't think gambling only causes stress if you don't take too seriously. Even if you're just gambling for a little bit of fun, it can still be pretty stressful to lose money. Also I feel like I've lost money when I spend it on something I like, it's just a necessary evil so to speak.

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Quote from: galambo on January 07, 2022, 05:37:28 AM

Gambling IMO adds to anxiety rather then giving you fun feelings. Imagine what fun you will get if you gamble and lose 100$ on weekend night? Its better to do some other stuff for fun like dining out, going on one day trip rather then doing gambling. Not many like me understand this unless they lose big in gambling.

Gambling can cause anxiety only and only if you think of it as a way to make profit and it can make rich overnight. Gamblers who think this way are the ones who spend more than they can afford to lose and who usually end up bankrupt.
If you think of gambling as what it was designed for, which is a means of entertainment and to have fun, you will not feel sad when you lose money because it's expected and you were willin to spend it not to double it. In any case, even dining out or going on a day trip costs some money, but you don't feel like you lost it because you spent it on something you like.

bering

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I want to joy from my gambling activity so to avoid being an addicted i will set the particular amount of money to spend and it usually 10% - 20% from my total earning and so far i don't push myself always to get money while gambling because I realize it's hard to making money steady from gambling and everytime i start gambling i want to enjoy every games played and if i lose then it's not more than no lucky when starting it

Wexnident

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Quote from: AicecreaME on January 07, 2022, 07:53:57 AM

There's a 50/30/20 and 70/20/10 rule in money, but what I do is I only spent 10% of my total income every time I receive my salary. The urge on spending your money on your wants is very very uncontrollable if you don't know how to save money. In your given example, if I'm earning $2000 monthly, I would only spend the 10% of it in gambling, it's only gonna be a ln entertainment type of gambling because once you treat it as your source of income, the rest of the remaining money would vanish.

Huh, I know about the 50/30/20 one but the 2nd one was completely new to me. Heck I even tried to look it up but it's about learning instead of income management? Or maybe it's just used in general, but hey, good to know. I usually use the first one but the 30-20 part is almost always changing, most usually up to my mood since you know, it's not for certain that all the stuff I want to spend on would actually enter the range of that 30% part. I do usually follow the 50 part though, spending towards expenses that I really need to spend on.

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Quote from: TravelMug on January 07, 2022, 07:10:06 AM

Quote from: galambo on January 07, 2022, 05:37:28 AM

Quote from: AB de Royse777 on January 05, 2022, 07:24:13 AM

If my expense is $2000 or more a month then I do not have spare money to take fun from gambling.

If I have spare money (considering the spend is less than $2000) then I would like to save some money for investment but sometimes I may want to have fun with gambling too. In this case, if I lose then it's gone from the particular month but if I win then I can add some extra with the investments I do using the spare money.

Gambling IMO adds to anxiety rather then giving you fun feelings. Imagine what fun you will get if you gamble and lose 100$ on weekend night? Its better to do some other stuff for fun like dining out, going on one day trip rather then doing gambling. Not many like me understand this unless they lose big in gambling.

I understand and it's so true, instead of enjoying, sometimes it really adds anxiety, maybe you really feel bad because you lost eventhough the amount is really small or just that you can't afford to lose the money you gamble. In any case, still individual preferences in my opinion, maybe certain people can make $2k a month and then play $1k in gambling or $100. Personal experience though, I usually don't lose big, $50 is enough for me to gamble like every month.

You're good, and the best thing I find is the betting amount. You've got the ability to restrict yourself within the $50 which is really good. Myself have the same mentality, but I wasn't able to keep myself within control. Two days back set a limit of making just $1. In the event of making $1, I lost $135. Started with $1 and it counted when the bets continued to loss. If I've got your mind I could've saved $85

AicecreaME

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There's a 50/30/20 and 70/20/10 rule in money, but what I do is I only spent 10% of my total income every time I receive my salary. The urge on spending your money on your wants is very very uncontrollable if you don't know how to save money. In your given example, if I'm earning $2000 monthly, I would only spend the 10% of it in gambling, it's only gonna be a ln entertainment type of gambling because once you treat it as your source of income, the rest of the remaining money would vanish.

Cling18

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Quote from: galambo on January 07, 2022, 05:37:28 AM

Quote from: AB de Royse777 on January 05, 2022, 07:24:13 AM

If my expense is $2000 or more a month then I do not have spare money to take fun from gambling.

If I have spare money (considering the spend is less than $2000) then I would like to save some money for investment but sometimes I may want to have fun with gambling too. In this case, if I lose then it's gone from the particular month but if I win then I can add some extra with the investments I do using the spare money.

Gambling IMO adds to anxiety rather than giving you fun feelings. Imagine what fun you will get if you gamble and lose 100$ on a weekend night? It's better to do some other stuff for fun like dining out, going on one day trip rather than doing gambling. Not many like me understand this unless they lose big in gambling.

You should be emotionally prepared once you enter gambling. we're always advised to gamble what we could afford to lose so we'll never feel depressed once we lose since that's a part of the game. Lossing is part of gambling and we should be ready for it because gambling isn't about winning all the time. For some people, gambling is a stress reliever and source of entertainment.

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Quote from: galambo on January 07, 2022, 05:37:28 AM

Quote from: AB de Royse777 on January 05, 2022, 07:24:13 AM

If my expense is $2000 or more a month then I do not have spare money to take fun from gambling.

If I have spare money (considering the spend is less than $2000) then I would like to save some money for investment but sometimes I may want to have fun with gambling too. In this case, if I lose then it's gone from the particular month but if I win then I can add some extra with the investments I do using the spare money.

Gambling IMO adds to anxiety rather then giving you fun feelings. Imagine what fun you will get if you gamble and lose 100$ on weekend night? Its better to do some other stuff for fun like dining out, going on one day trip rather then doing gambling. Not many like me understand this unless they lose big in gambling.

I understand and it's so true, instead of enjoying, sometimes it really adds anxiety, maybe you really feel bad because you lost eventhough the amount is really small or just that you can't afford to lose the money you gamble. In any case, still individual preferences in my opinion, maybe certain people can make $2k a month and then play $1k in gambling or $100. Personal experience though, I usually don't lose big, $50 is enough for me to gamble like every month.

Mauser

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Quote from: stadus on January 05, 2022, 06:46:59 AM

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.

2000 USD per month might seem a lot at first and could trick us into gambling with higher stakes than we can afford. But we should never look at our actual salary when it comes to gambling but rather at our free money per month after paying all bills and necessary purchases. If we gamble with all our money and lose it, how can we pay for our life?

For example, let's say we have too pay 800 for rent, 200 for the car gas and insurance, 600 for food and 150 for savings and retirement fund. Than we would have only 250 USD gambling actually. I would also divide it into weekly allowances. So we have like 60 USD per week for gambling. This is not so much compared to our salary but it is still good to gamble lower stakes. And if we make a profit every month we can start growing our bankroll.

galambo

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Quote from: AB de Royse777 on January 05, 2022, 07:24:13 AM

If my expense is $2000 or more a month then I do not have spare money to take fun from gambling.

If I have spare money (considering the spend is less than $2000) then I would like to save some money for investment but sometimes I may want to have fun with gambling too. In this case, if I lose then it's gone from the particular month but if I win then I can add some extra with the investments I do using the spare money.

Gambling IMO adds to anxiety rather then giving you fun feelings. Imagine what fun you will get if you gamble and lose 100$ on weekend night? Its better to do some other stuff for fun like dining out, going on one day trip rather then doing gambling. Not many like me understand this unless they lose big in gambling.

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Quote from: Raflesia on January 07, 2022, 04:50:05 AM

Quote from: DU18 on January 06, 2022, 07:25:33 PM

The only way to prevent that money from being spent in gambling is to save it with the wife Grin

, I think it will be very difficult for gambling addicts not to spend their money in gambling, because we know every time a gambler addict gets money he will not think two times to go straight to gambling.

it is the best choice to do because at least if we really can't control ourselves, there is a partner who will remind us not to forget ourselves.
but maybe this is only for people who are not really into gambling and in the sense of not addicts.
but if it's an active gambling addict, I don't think there is a reminder that all of that won't help much if it's the gambler himself who has to control his finances in gambling.

The wife is the treasurer, regulating your bank, which you can lose - this is of course an effective way to control your finances. There is no need to argue here ...

However, for a gambler, this will not become a brake on his spending. After all, he is in a state of passion, well, or close to such a state. He can even fight and take money from his wife by force. So it will not always and not in all cases work.
Although I support such a game, when my wife comes up and says: "Well, that's it! Finish! You're just a Fool! - I lost all the Money - now go earn money !!!" Grin

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Quote from: DU18 on January 06, 2022, 07:25:33 PM

The only way to prevent that money from being spent in gambling is to save it with the wife Grin

, I think it will be very difficult for gambling addicts not to spend their money in gambling, because we know every time a gambler addict gets money he will not think two times to go straight to gambling.

it is the best choice to do because at least if we really can't control ourselves, there is a partner who will remind us not to forget ourselves.
but maybe this is only for people who are not really into gambling and in the sense of not addicts.
but if it's an active gambling addict, I don't think there is a reminder that all of that won't help much if it's the gambler himself who has to control his finances in gambling.

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Quote from: chaser15 on January 06, 2022, 06:59:35 PM

I think that was already common. If we gamble, be responsible enough on the way.

To answer OP's question, the same with others, I can't say how much I'm willing to spend on that $2,000 capital. But one thing is for sure, I will not use all of it just to gamble as it was an insane action. I will just try to do my best to win at any sessions to fully maximize my given capital that I will use on gambling. It won't be hurt to use up to $100 just for gambling purposes and will do the progress slowly but surely.

But did you know that many people just start to gamble but got addicted, I think there are some developments to help new gamblers in a way they will not get addicted, but the development is far less commonly known to people compared to gambling ads.

Out of $2000, using $100 to gamble is not a bad idea, I think it is still a good amount to gamble with if collect that amount, it is still just 5% of the original amount. If having such income too, I can still use up to the amount to gamble, but like I have said before, I can go for lesser amount like $30 too, It all depend on how the week is, but I won't go beyond $100.

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Quote from: bisdak40 on January 07, 2022, 01:35:58 AM

We live in other parts of the world, while 20K USD is just the minimum amount of earnings to some countries but to us living in the developing countries, it's a lot of money.

Actually it is 2k USD mate and not 20k usd for the record Grin

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So if I have that amount as a monthly income and I can't resist the urge to gamble, i would spend 200 USD for my gambling habit, considering that all my essential needs were all taken cared off.

That is a 15-20 day labor pay for a 3rd world country like me so i think that is more than enough for me to gamble monthly depend if how much i win each time.

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Gamble only the amount you can afford to lose, this saying I most often don't follow as most of the time i lost the discipline and the focus which fortunate have changed gradually and hope others would also changed.

I also believe that Positive thoughts and approach will attract gambling win so Yeah i won't use that affording amount to lose instead i will try my best to win each time.

bisdak40

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We live in other parts of the world, while 20K USD is just the minimum amount of earnings to some countries but to us living in the developing countries, it's a lot of money.

So if I have that amount as a monthly income and I can't resist the urge to gamble, i would spend 200 USD for my gambling habit, considering that all my essential needs were all taken cared off.

Gamble only the amount you can afford to lose, this saying I most often don't follow as most of the time i lost the discipline and the focus which fortunate have changed gradually and hope others would also changed.

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Quote from: Darker45 on January 06, 2022, 07:50:42 PM

It's very basic. It's the fundamental rule in gambling, although not really practiced by so many gamblers in real life.

Sad but this is indeed correct , many gamblers only wanted to Play without even thinking deeper before putting their bets.

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The money that you are going to bet, consider it gone before you even place the bet.

I love this one, Yes since gambling is more losing than winning so expect your funds to be gone before even learning that it increases .

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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.

Never Use your funds for something in life than a spare money because for sure you will up ending bitter and loser.

worle1bm

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The cost can vary according to our demands or expenses and if i am left with some amount like say if after all the expenditure on my monthly necessary items and other stuff i am left with around $300 then i would be willing to save some money.With $300 it would be scattered in three terms like save some cash for emergency,invest some portion into bitcoin and rest diverted towards gambling.So as per my calculations it would be around $80-$100 because i am small gambler end betting in fun manner is just fine for me.

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Quote from: alegotardo on January 06, 2022, 09:13:35 PM

Quote from: stadus on January 05, 2022, 06:46:59 AM

We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.

Well.
There was a time when I limited my monthly bets to $30, an extremely low amount but enough for me to be able to place some sports bets on my favorite teams and also gamble on other random games of dice, cards and roulettes just relying on in luck.
My intention has always been fun, so I never had any problems going beyond that amount.

I know it's hard to keep the addiction under control, and I consider myself a happy person that I don't have to worry about it.

It is not the amount we use to play mate but it is about How we play, and how we enjoy our betting because there is no big limit in depositing so we can deposit even few bucks.
but the enjoyment is limitless , i also experience same as you mate specially when Pandemic early days Hit our country when the world becomes limited and i can only use a really small amount to satisfy my craving to bet.
but this does not give me hard time to enjoy because i know that small or big amount if we enjoy this then the chance of winning is there.
and yes most of the time i won using small money but losses most of the time using high capital lol.

Botnake

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Quote from: alegotardo on January 06, 2022, 09:13:35 PM

Quote from: stadus on January 05, 2022, 06:46:59 AM

We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.

Well.
There was a time when I limited my monthly bets to $30, an extremely low amount but enough for me to be able to place some sports bets on my favorite teams and also gamble on other random games of dice, cards and roulettes just relying on in luck.
My intention has always been fun, so I never had any problems going beyond that amount.

I know it's hard to keep the addiction under control, and I consider myself a happy person that I don't have to worry about it.

That's definitely okay as long as you are gambling for fun, you won't mind betting a small amount in gambling if your are enjoying. However, if you are gambling for business, I mean if you have goals to win consistently, then I guess the amount is too small to risk and you might just be wasting time since it will not certainly grow according to your target.

Topic: Don't bet more than you can afford to lose. - page 8. (Read 1352 times)