Topic: Focus on how much you may lose and not only the potential win. - page 6. (Read 2115 times)

Yes, budgeting is indeed difficult to learn but that is what we have to do to be able to allocate funds for gambling. We cannot use too much money just for gambling while we forget to allocate funds for other needs.

Many of us regret the consequences of uncontrolled gambling but few are willing to anticipate that it will not continue. When playing gambling, we really have to have self-control and money so that we don't gamble excessively. It can still give us pleasure in enjoying gambling as entertainment. We must realize that gambling is about fun so we don't gamble too much.

Fun gambling means we can accept whatever risks we will accept. And for this reason, we only need to use the money we can afford so that we won't regret it if we lose when gambling. We also won't gamble too often because gambling is just like other entertaining activities that we don't use too often.

Budgetting is a hard financial lesson I've learned. A strict limit that respects your financial health while allowing you the thrill of the gamble is vital, in my opinion.

I've felt unchecked gambling regret. Lost control and money are both concerns. I learned slowly that gambling is about fun, not winning. Embracing safe gambling means enjoying the trip without jeopardizing your finances.

Fun gambling involves accepting risks without being overwhelmed by them. I recommend betting money you're comfortable with like a show ticket. This has made gambling fun and guilt-free. Take charge, enjoy the moment, and say, "Thats my limit for today." Enjoy gambling without regret with this approach.

I totally agree with that. And it's not just a gambler's problem, it's society's problem in this era. It's difficult to be contented with so much happening in the world.

Gamblers, on the other hand, are mostly the victims of this. One wins x1000 and he thinks it's still not enough. Some also won but want the gambling site to cover the transaction fees too so they gamble more to win that little amount which most of the time doesn't end well.
There are those who will feel that they are lucky on that day so they keep on playing waiting for more to win but I seriously doubt a  win will happen again after a win. The chances of winning become lower and lower whenever we go green. I've seen that a lot of times and there's not strategy to stop it. We may as well just lose it all and see if another big multiplier will come for us.
Then, get the bonuses from rakebacks, monthly, and weekly from all the wagered amount.

Whatever amount of money they use for gambling, it should be an amount of money that they can afford so that they don't feel sorry for using that much money. However, many gamblers are not ready and instead regret seeing their large losses and blame themselves for gambling for too long using a lot of money. It was their fault that they could not be responsible for their gambling and instead used a lot of money to gamble where, in the end, they lost all the money. That is why before we start gambling, we must know our financial limits and how much money we can afford so that we will not gamble excessively. We have to look at the risk of losing money, which can increase, especially if we use a lot of money to gamble. Many gamblers have had the experience of losing a lot of money so we don't need to follow what they do because we are responsible for the money we use to gamble.

Casinos do not really have to do anything, as gamblers do a very good job on their own and make themselves believe they have a chance at beating casinos at their own game, something that could indeed happen but that it is very unlikely.

I would think that the idea of beating the casinos is not only attractive for the money they could supposedly get, but it is also attractive as people love stories about the underdog beating the favorite, we see all this time on sports, and I suppose many gamblers see themselves in that light and want to beat the casinos in order to emulate those stories.

It’s very hard to insert or consider the word contentment in gambling since this is a game which we all that is a fast phase game. Mostly people that involves gambling wants a quick profit than usual way of earning of money through investment and jobs. This is the reason why most of the gamblers don’t know when to stop because greed is what makes them enter gambling.

I’m gambling for a long time but sometimes my greediness nature still kicks in when I’m on a tight situation which makes me vulnerable and unstable. This is the human error which casino taking advantage when we are gambling.

The $5,000 amount used in the op was just an illustration case as there are gamblers that funds their bet account far above just $5k  and that doesn't mean for sure that they are addicted gamblers it could be that based on their financial capacity that range of $5,000 is their level of being responsible with their gambling. Whether poor or rich what is important is sticking to the amount you can afford to lose as a gambler, and not to gamble with a certain amount of money all because your colleagues are also gambling with that amount.

Yes, there should be an exact amount we hold on to in our gambling life it shouldn't be a staggering amount so that when we exhausted that exact amount  for the day we will be prompt to leave without further hesitation. What makes some gamblers spend much time all day gambling is because there is no exact or specific amount on ground they have agreed with for gambling and by this they gamble without control.

As in general, greed will lead us into suffering, but I can't say that for sure because we could have won even bigger, it's just that most people regret doing it, when they should have made a profit they didn't get a penny, so it's better to stop and enjoy the winnings, don't be lulled by large amounts

          -   You know, mate, I can't afford to deposit such an amount of $5,000 on a casino platform online. Those kinds of values mean that the gambler who does it has an addiction, or the person who does it is rich.

So as a gambler, the amount of money that we gamble on the gambling platform that we will be playing on should be limited from the beginning, and it should also be exact so that when we lose, there is no reason to stay for a long time. And if we see that we are winning, of course we should stop when we have a winning gambling jackpot.

No, gamblers are not only ambitious to be able to make small change just to eat and buy clothes, but they are ambitious to make big wins or jackpots to change lives and improve the economy.
If only the ambition was only about small change to eat then there would be no cases of gambling addiction, no cases of gamblers experiencing consecutive losses and recovering losses and no gamblers losing certain amount of money from winnings.
Just look, all these problems are caused because the gamblers ambitions and hopes for gambling are so excessive and they cannot accept every small win and will always try to produce bigger win.
If we talk in reality, this is all what every gambler really experiences and does.

Not addicted but because of greed, they are addicted to gambling but the winning amount of $1k is quite large amount, if an addict gets this win it will definitely attract some to have fun such as parties at entertainment venues or so on.
Every gambler will have different characteristics so it cannot be said to be related to planning.

of the majority of gamblers in this world, only a small portion are able to apply win limits or loss limits and the rest will ignore the issue of limiting losses but will focus on the wins they want to get and conditions like this are very normal, in fact most people will not be surprised by this case like this.

and the case you say is also one of the conditions where all gamblers have felt that when they win they feel happy and happy and when they lose they regret it and behind the feeling of happiness there is a greedy nature that emerges which encourages them to continue gambling with the assumption that they want to get a bigger win and behind it is regret. there is a high level of emotional revenge wanting to take back the money that has been lost.
things like this must be paid attention to, even though it is difficult to set limits regarding wins and losses, we must believe that these limits will save us from bad impacts when gambling.

If a gambler spends his casino winnings on clothes and other things, then he not only has a good plan, but also puts it into action. Someone who does not have any plan is likely to spend all his money on gambling and can not leave the game when his deposit exceeds the original. Almost any gambler has a desire to bet more than his risk management allows, but compliance with risk management in gambling is very important.

Contentment is also a factor that affects gamblers because no matter any amount they win they tend to find more rather than being contented and be happy that they didn't lose their money and this makes some gamblers become addictive because when you are not always comfortable with your winnings then actually you are creating room for addiction in the sense that while you are trying to win big that's how you keep losing and trying to recover the money you've lost already but yet keeps on getting into more losses so not being contented especially after a win is not good as a gambler

Very often gamblers will set a limit to the amount of money they are willing to lose during a session, and while that is the correct decision to take, at the same time very few gamblers choose to set a limit for their profits as well.

So when they begin their session and everything goes according to their desires instead of being happy for their good fortune and stop gambling, they keep doing so hoping for an even bigger win and when their luck turns against them and begin to lose they get desperate and take the irrational decision to keep going even when they are now losing money, and that is how we end up with those unbelievable stories of gamblers that were doing well and then lost all the money they had at a casino in a single night.

Most gamblers have no plan and they are just gambling to win small change to eat and buy some clothes and that is all they want. The statement " had I know" is a statement of greedy. And that is irresponsible gambler because a responsible gambler calculate his games before playing them so any amount he wins, he is satisfied with it.

If a gambler win $1k and said that he would have stake higher amount to win bigger amount then that gambler is an addicted gambler that play game without plan.

Of course, however and whoever wants to engage in gambling then obviously they must prepare themselves for the two possibilities that will definitely occur at the end of the session, not only victory but also the possibility of defeat cannot be avoided, this is gambling which always runs randomly and without certainty, but most gamblers do not look at the negative side or the risk, They only see in terms of the chances of winning in the sense of putting hope and belief that by gambling they will get a lot of money, even though on the other hand gambling is not created for that, this is nothing more than a game of chance which means that there is absolutely no certainty that can guarantee anything at the end of the session, especially the victory they always expect. If they come with the right understanding then I honestly do not believe they will dare to do some careless actions such as chasing victory or applying greed, because by understanding that gambling is a probability activity it already explains that everything there is nothing more than a game of "possibility", meaning you can win or lose.


Honestly on the other hand I never believe in strategies that can be applied to gambling, I understand that sports betting imposes a gambler to apply skills if they have knowledge and indeed it can increase the chances of winning, but isn't the possibility of risk still remains? After all, the name of gambling is always inseparable from the name of risk, all gamblers can win but not all gamblers can control and minimize the risk of losing.

It’s the common way of the approach to the gambling site,not the experienced or fresh gambler.The ultimate aim of the gambler will be the winning of the dollars from the gambling.Some ready to spend time on gambling,most of them use to judge their luck in the gambling site.Many gamblers who want to make the big win was playing the random betting in the gambling should be avoided.Even after the many loss in the gambling site,the random betting way of approach by the gamblers was not changeable by the gamblers.The gamblers who loss their money in gambling should not target the loss in future game.


The gambler who want yo make the big win in the gambling should employee their strategy in the gambling site.The guarantee or absolute winning was not the possible in the gambling site.The gambler should note down their strategy in the separate note.Because it will help the gambler to make use of the gambling notes in separate not for the future game in gambling site.

I am somehow confused on your statement but let me try to breakdown on what you just mentioned.

First, the gambler who utilizes different strategies depending on the game does not give you a guaranteed/absolute win but it does increase the chances of you winning. For example, in Poker, if players employ different techniques (e.g. bluffing, etc.) then they may be able to turn the tide of the battle even with a weaker hand compared to others.

Second, a gambler that does not employ some kind of tactic or just bets in a "random way" may indeed lose money but this is not always the case. Let's take slots as an example- the only thing that you do there is to push the lever and pray that you win. No matter how much technique you put into it, the result may vary depending on your luck as it is irrelevant.

Lastly, I do agree with what you mentioned that in the expectations of gambling, it should always be a two-way street. This means that either result can be experienced by the average gambler no matter how lucky/unlucky they may be in a single run.

In conclusion, I do think that gamblers should have a reasonable expectation when they delve into this activity. There is nothing absolute nor guarantee in this game- it's either you win or you lose; and the steps that you take after such result will determine your success/lost in the long run.

Every gambler is well aware of that fact and that's why most people who gamble are always not dependent on their gambling habits to feed and am just really to see or even hear that someone doesn't think about the risk that is involved in it before gambling. Before ever anyone start to gamble he is well aware of the risk thats is involved so getting the loses is actually not suppose to be something new and more every gambler knows that the loses are always more than the earnings.

In some cases, the gambler's greed for more winnings pushes him to the bottom line. A gambler must set a limit on gambling. Again, this can be fatally negative for the gambler who gambles with the idea of a guaranteed win. Because they will think that their win is certain which will increase their bet amount as a result of losing a match can change their money drastically which can cause a big disaster for them. Above all I would also say that if one can keep himself gambling with control then big wins can come from him.