Topic: Easy or hard to quit? (Read 2426 times)

Yup, and that's the advantage of those who knows and understand how both trading and gambling works, those experienced players who can adopt to any changes and can manage how to adjust when it's needed not saying that they've got a guaranteed winning strategy but most of the time they can have more winning picks or position compared with those losing attempts, as they understand how to calmly wait and project what would be the potential of each game or each trades that they will place their money,

having that small edge by doing your good research will always give you decent advantage, as you can control both your finances and emotions while you are in sessions and trying to find some luck.

Even in trading you are betting against the future and predicting the future we know it is impossible otherwise we would have seen a lot of millionaires through trading.I know that in trading you have some technical and fundamental analyses that helps you decide on your prediction but have we not the same in gambling as there are sites who analyze each team before placing a bet,so overall for me as I have said many times before,trading is the same as gambling in the sense that you cannot predict the future.

I don’t think, even if I win a lot of money, I will quit gambling because I enjoy it. Gambling is something I do for entertainment, and you know, if someone wins a high amount of money in gambling, that is when what they spend on gambling even increases because they always think they will still win something more than what they have won with time. However, once you are into gambling, the chance of you quitting is very small because there are many people who have won millions in gambling and still gamble.


We lose more than we win; we lose multiple times before winning a single ticket in gambling, which is why it will be difficult to cover our losses. It is just that once you win, even if the money is small, we forget about our losses for the most part, which is why we cannot really cover our losses in gambling. Because they are people that even if they win a million in gambling today, the money they will use to meet their needs will most likely be a small portion of what they won. They will still use that money to gamble, which makes it impossible to get the money back because what they will lose will be more than what they will win.

But making money through trading is technically possible, while gambling is technically impossible due to house edge. You can make a lot money, but you must the casino owner, team or the promoter, not become the gambler.

Even there are few times you won in gambling, it's not enough to cover all of your previous losses, which mean in the end you're losing.

I once made a lot of money from trading crypto, not from gambling, although I feel like they're pretty similar. I understand that feeling back then, being overly greedy and thinking everything was a piece of cake because of my previous success. The outcome was that I ended up losing most of my earnings. Now, I'm working on dealing with both big losses and wins. I'm taking breaks to help me regain my perspective.
I believe that almost all gamblers go through this phase – losing significant amounts of money in gambling or trading but being quite frugal when it comes to spending money on enjoyable things or practical purchases in life. I used to be the same way. It's tough to control that impulse in the moment, so why taking breaks is necessary to bring some balance back.

Well, in this case, there are many things that must be pointed out, you must know what the person is like, what objectives he has, if he is a person who is well situated and wants to achieve many things, and if he is playing in a casino getting big profits, it is It is very easy for that person to retire and invest that money in what they are looking for the most, or in the business that is on their mind, but if they are a person who is fairly fresh and who does not mind continuing to play, or even worse If it is a person who wants to earn more money, or who is earning that amount of money and wants to double it, then he continues betting, he may continue to win one or two times more, but when he does not start his streak, players, I think he can lose everything and in a way very fast, because he is being very greedy and greed and being greedy are bad combinations, it makes anyone lose, I do not trust those feelings, especially when they do not know how to manage their impulses because those impulses are what make them lose Anyone, after having practically had everything and then jumping to a zero level, where they have no profit at all, is honestly something very sad.

In the event that his personality is different, he obviously retires and has nothing else to do but rest, to know how he is going to invest that money, and besides, he knows that he benefited from a casino, something that very few say, I really I think that these cases are such that someone leaves a casino very happy, not only because they were invested but because they won, there are few cases, I don't know, but I dare to think that out of 10,000 cases, 2 is what I can really come up with. to my mind, and the fact that that person wins all that money and doesn't feel the need to go for more, is something that is even more difficult, because the person is left with what they want to continue playing, winning, have fun, those are the things that one can think of happening the most, and that the probabilities are minimal, that's why a person when he has profits, must withdraw, to enjoy those profits.

This is my mentality and I don't lose myself for the sake of winning in this way in my life.If I win, I know how to take my money and leave the site.The amount I see as a big bet may not be the same as what you see.Maybe you win more, I can't say anything about that, but this is the method I follow in the direction of gambling and I can say that I will not give up on this - if I continue to gamble. I can say that I play both for pleasure and daily - if the bet I bet on comes in - I can say that I do not have great expectations when I bet. It's not about fear, in fact, I can say that this event is all about determining how you yourself will follow a path. You call it fear, I can state it as a path I will follow.

Maybe that's what's happening in the gambling world, where more people will want to win than just using gambling as entertainment. And because gambling can provide a great temptation for people who have already won to continue gambling, it keeps them coming back to gambling even with more money. Even though they had won before, they still wanted more wins, which was the greed in him.

So in this case, if someone really wants to stop gambling, he should be able to reduce his gambling activities because that is the most important thing. Somehow, he had to do it so that his mind would not be on gambling but on the new things he was doing. He has to be able to keep himself busy doing those things so that when he is done with those things, his mind and body feel tired and he has no desire to do other things including gambling. So everything would come back to him and if he really wanted to stop gambling, he would do it.

You can adjust your budget for gambling for one casino while you can also add other casinos to get the same budget. And that requires a bigger budget because you want to deposit funds at two casinos. But that's okay because the important thing is that you can keep your budget from exceeding the total budget for gambling.

I don't believe that moving in that direction will benefit you. The issue is that once you win big, the temptation to bet big gradually creeps in because we have the perception that anything that involves money requires us to invest energy. I am aware of people who have placed bets and already made calculations in their heads, forgetting that a potential win does not guarantee that you will win, I'm sure of that. Bet is interesting if it is properly managed, managing it is difficult because sometimes looking at does odds is quite tempting, if greed can be controlled then half of the problem is solved. And getting others means to earn is the best and playing for pleasure is OK cause thats what I do.

If I catch from your words it seems to refer to people who are not ready when they get a lot of money, it often happens, not even just from gambling, even people who have been getting results from getting bitcoin in 2017, of course there are very many people who are confused. when you get money instantly when it's with their unpreparedness that makes them use the money irregularly and messy in using it, because of their unpreparedness when they get the money, then that's why we are prepared to do whatever we do at least really have the details right when the position occurs and of course when we get the opportunity we are ready to use the money to be used according to our needs in the future..

Well, you are right that bitcoin supposedly is the only coin that can give such profit in the long term, but i think we must not undermine the potentials in some altcoins, several altcoin have made people millionaires when they were least expecting to become one, altcoins like Ethereum, Binance coin, dogecoin, shiba inu, pepe and so on have made several persons millionaires, and to some of them, it was like someone who gambled and won a jack pot, there is this guy who used to stay in my area, when dogecoin was nothing, he was holding over 1 million dogecoin, he actually bought the coins on an exchange because it was cheap, and was hoping to sell it when the he sees a small profit on top, one thing lead to another and he forgot the coins on the exchange for several months before Elon Musk came into the picture of dogecoin, when the hype was at its highest, he remembered he own over a million dogecoin and immediately visited the exchange where he left the coins, luckily , the coins were still intact, he sold and not, the guy is a multi millionaire and have long relocated and staying in another country ..

So sometimes, buying some of this altcoins can be likened to some one gambling, most especially those without utility like the meme coins, if by luck the coins pumps, the profit always feels like someone who just won a jackpot.

and also not everyone who already has an established life after winning big they continue to gamble just for fun but a small percentage of them gamble still expecting another big win and that not very good. if this is done continuously they will lose all the money in their savings and also the investment will definitely be messed up because in the hope of winning big dopamine in the mind will increase giving the effect of addiction or greed so that they will lose their established life. so even if someone wins big already has a more settled life it would be better to control the mindset not to expect big wins and also stick with a small budget for gambling.
in psychology when gambling using a small budget our brain will not expect something big I mean for example using a $30 budget when he gets a $50 win he feels if it is already a big win but if he uses a $5k budget and gets a $1000 win I think he still feels he is still not big enough and must exceed that $5k budget. so the mindset must also be set in the habit of being committed to your own rules.

Not just crypto but be specific,it is bitcoin that can give such profit like you said in a long term. The problem with gamblers that hit it big is that,they never expected that it will come soon and they have failed to plan for what they will use the money for. When it comes unexpectedly,they get confused and filled with anxiety that will make them loss focus on what to use the money for but to gamble with it.

Nobody knows the outcome of our tomorrow that is why one needs to have plans for the future what he needs funds to do or what he wants to achieve. So that if he hits the jackpot unexpectedly,he can use that funds to achieve his dreams.

When the people get free money,they will confuse to know what to do with that money.So they will enjoy some of the funds and balance they will do of playing in some offline or online gambling.The financial advice will be use to inverse on the cryptocurrency.If you had an opinion in the gambling,you can split the money to two half and put half into the crypto investments and balance half you may use on gambling.If you get any loss in the gambling,it can be handled using the cryptocurrency back up.Some people waste their money on buying cars,bike.But this vehicle value will reduce on every year.But investing on crypto will allow to earn more in many years.

You're right. The real reason why people fall on hard times eventually even though they got a hold of a life-changing sum of money is the fact that they don't know what to do with it. They aren't financially literate enough to manage the amount of money that they were given, and so they resort to the only thing that they know best to do with that kind of money which is to spend it unwisely. Eventually money dries up on the cars, the houses, the strippers and the vices, when it does, since they didn't know how to make that amount of money, they resort to gambling again.

The thing is, if you're financially literate and competent enough to learn your own skill, gambling would only be a pastime for you and never a way out of your financial rut. People all over the world have known this for years and still, we find people who win big in gambling only to lose it eventually.

If you all agree that whenever anyone wins a very big amount of money in gambling, they will quit gambling and enter into another aspect of life where they can enjoy their life and invest their money. This really means we do not actually gamble for entertainment. We actually gamble for the money. If we gamble for entertainment it therfore means that even if we win a very huge amount of money we will continue to gamble in order to get ourselves entertained. I am very certain that more than 80% of people in gambling do not do so for entertainment only.

when someone wins big at gambling or gets something big from gambling of course anyone will leave gambling to live a better life with established investments and have lower risks and this is just the mindset of a healthy gambler. although they return to gambling with the thought of just having fun I think it does not matter because he definitely only uses the money he can afford to lose because on the one hand they already have an established income without expecting anything from gambling. but what Im really worried about is that one day the investment fails he will return to gambling in the hope of winning big again and I think big luck will only come once in our lives.

Really? You unexpectedly adopt a "safe" approach after earning big? Once they've tasted triumph, real champions don't back down. They control and want more. Perhaps you never belonged in the game in the first place if you're not ready to play big. Sure, finance your small "daily income" endeavors. But keep in mind that being wealthy isn't only about having money; it's also about the excitement of the search. You're showing the world your weakness if you retreat just because you once struck it rich. If you really enjoy the game, you wouldn't be afraid to place another significant wager. Just acknowledge your fear

I would say it depends entirely on one's will and goals. If I win a life-changing amount of money, I stop playing big. Because now I have money in my hands and I want to invest it in other ways. I don't want to take any more risks with the money I have earned. I'll go for areas that will bring me a daily income and I won't worry about making money for the rest of my life. For this reason, I would not stop gambling, but I think I will play even if it is for pleasure. Thanks to the high amount I won, I can say that taking such a risk again will cause very big problems, so I don't think I will choose to take such a bet again.

I have already found myself in this situation. Last week a casino had a fantastic promotion that I did not want to miss, but I had already deposited my money on another platform and could not withdraw that time. But I don't regret that. Mostly I try to avoid high wagering requirement promotions. I almost lost the contest to Wodie this week, but I believe he is so kind. He did not post his winning bet and let me win the contest because I already lost a lot to win this contest.


In this contest, Wodie and I both were chasing each other, and I lost around $50 while the prize pool was nearly $30. I don't know if Wodie loses as well. But yeah, you are right. We should not chase others or rush to recover the loss.