Topic: Gamble Responsibly - page 6. (Read 11069 times)

Indeed, you have to be more on the details either gambling or trading you need to be wise and find the ways of having the knowledge that will help you, in the sense of taking the risk, wise gambler understand that knowing the principle of gambling like understanding how to balance time and money mangement will help you to acquire decent chance to earn, same deal with trading, if you know the project and know how the project will run you can predict the possibility either short or long investment period.

There are many disadvantages of excessive gambling that we need to talk about, and I do hope that newbies who plan to start gambling will learn something from this thread.

Gambling is not for everyone, some people tend to always get attached to whatever they do in their lives, too caring, too foodie, too protective, all these comes with disadvantages too, because I believe that too much of everything is bad.

If you are someone like this, stay away from gambling.



In the Gambling case, it's a different story entirely, if humans can get used to drugs, alcohol, and other harmful things in this category how much more trying to make money off gambling?

It is easier to start dteaming about quitting your job one day and retire in your 30s, you know what I am talking about, those weird dreams that one never dreamt about when working in a company from 8am to 5pm everyday.

Here are some Negative effects of excessive gambling.

Too much stress
Anxiety and Depression
Debt
Making wrong decisions

And if all these is active in one's life low self-esteem is sure to follow, many people messed up their lives by gambling and they don't know when they start borrowing money, or selling off properties because of gambling until they have nothing left.

Thier families are the one who got caught up in the mess, imagine a family man that has a home to take care of ending up losing everything to gambling and start living a wrecked life, I have seen a lot.

My advice for upcoming gamblers reading this thread today, always makes sure you gamble like a responsible man. Remember where you came from and think about your children and family.  

Gambling must not be your path to success, you will get rekt very fast.

Do not build any dreams around gambling at all.

Gamble for fun only, using small money that you aren't needing, and think about losing that money first, to make sure that you won't be needing the money if it's gone.

Take a break.

Play for fun.

Don't chase your losses.

Stick to your Limits.

Gamble Responsibly.

Not winning a game at a point is not enough reason to see ur self as a failure because even those who won at some point did lost some game and money aswell until they got to the point where they won that game which they have won so some times it's more about patience and you will definitely win some day too.

Having the failure mindset could get you into depression and that's even worse than loosing on your games in gambling, if you have a good risk management skills and you are consistent with your gambling, I'm sure one day you will be able to win and if it's a big one then you could make up for your losses same applies to almost every other works of life just stay consistent and you will see that you will definitely be lucky some day, you can stay unlucky all year round, definitely one day will be your day.

Therefore, it is always necessary to follow the rules of reasonable money management. Even the creator of Ethereum, Vitalik Buterin, recently put forward the rules of good investing. And among them was the rule that risk devertification is needed - as they say: you can't put all your eggs in one basket. Assets should be allocated according to their riskiness.
That is, to invest small amounts of money in risky projects, and larger amounts in those that are quite understandable and predictable.

The theory of putting all the money at risk, but then making a huge profit is not a smart investment, but rather a game of roulette.

Despite gambling is risky, I don't think one should have the mindset of being called a failure.  When you see yourself as a failure it can be more reason for you to fail more in your game.  Have positive mindset,  it doesn't mean that one must be so desperate that every game will end up as a win. Whatever you find yourself doing in life never see yourself as a failure,  always see yourself you will succeed.  Enjoy gamble and take it as fun, even if you lose don't see yourself as a failure.

Totally surprise as they think that it is easy to earn from this kind of venue, the way they invest their money is just the same with how
they play a luck base gambling.

Waiting for the outcome if they win then they will enjoy but if they lose, they will keep for adding more money in their bankroll, just trying
to have some luck that will help them to win their picks.

Being responsible means, you should know the game that you are playing, the same way with investing, you should know what project
to invest to avoid losing your money.

Indeed, you have to be more on the details either gambling or trading you need to be wise and find the ways of having the knowledge that will help you, in the sense of taking the risk, wise gambler understand that knowing the principle of gambling like understanding how to balance time and money mangement will help you to acquire decent chance to earn, same deal with trading, if you know the project and know how the project will run you can predict the possibility either short or long investment period.

Yes, trading is gambling in a way, for most "traders" anyway, ad investing sh*tcoins is similar to irresponsible gambling, especially if a lot is invested. Overall, irresponsible gambling(and trading) is not when you make wrong bets, but rather when you a lot of money on the unknown outcome.

We also have a lot of examples about this on the market with all the newbies that invest on shitcoins, for us that can see the negative consequences of investing in those coins and how likely this outcome can be, there is no way that we will take the risk of investing in those coins, but newbies try to fake it till they make it, and invest in those coins only thinking about the benefits they can obtain, and it never crosses their minds the possibility they can lose their money and are totally surprised when that happens.

We also have a lot of examples about this on the market with all the newbies that invest on shitcoins, for us that can see the negative consequences of investing in those coins and how likely this outcome can be, there is no way that we will take the risk of investing in those coins, but newbies try to fake it till they make it, and invest in those coins only thinking about the benefits they can obtain, and it never crosses their minds the possibility they can lose their money and are totally surprised when that happens.

I like how you put it. Indeed, the positive impact of negative thoughts is highly underestimated. If people were not so confident, we wouldn't have so many irresponsible gamblers around.

Negative thoughts are often demonized by psychologists, however if they were not useful we will not have them, and often the ones that begin to show some problematic behaviors of any kind are the ones that fail to see the possible and even likely negative consequences of their actions, and this has been corroborated on the past, as people that commit crimes often only think on the good things they will obtain from their actions, but they never think about the possibility of getting caught and the effects that event will have on their lives.

I think it's quite rare for people to have an understanding like yours.
But on the other hand it's a good idea mate, humbling yourself in gambling does have the possibility or potential to eventually enter into a more logical consideration to choose something better. This idea of "I'm a loser, I never win and luck is so far away from me" is a good one, because usually people will continue to gamble because they seem to have a motivation that can encourage themselves to continue gambling and achieve all these great things that are basically nothing more than their hallucinations as a result of having too high expectations. I think that some of them, especially those who find it difficult to win, should try this idea of yours, my friend.

We get lost in the game, thinking we can win or recover. Rest helps us avoid this trap. Stepping back gives perspective. Not only does it relax the mind, but it also reconsiders our choices.

Many consider gambling as a victory over odds. But this method is risky. Gambling should be fun, not a conflict. Step back when it becomes a conflict. Rest is a chance to reflect and ask: "Is this still enjoyable?"

Recognizing the difference between enjoyment and compulsion promotes good gambling. Mindful decisions and behaviors are key. Gamble for enjoyment, not loses or luck. House always has the edge. Our power comes from playing appropriately and understanding when to quit.

Who knows, if we have finished resting and will continue gambling another day or on that day, it might attract luck to come to our aid so that we can win. This can happen because after resting for a while, our minds become calmer and can think about whether we really want to continue gambling or have had enough gambling. If we have experienced a loss in a previous gambling game and we don't see any chance for us to win, we will choose not to continue gambling that day and will choose to leave the casino and come back another day. And if we have won, we should finish the gambling game and withdraw the winning money so that we can enjoy the winning money with friends or people around us.

It can also help us practice self-control, which is always needed when playing gambling. We will not fall into gambling by continuing to gamble because we know that resting is the best thing we can do after gambling for a while. By resting, we can also check the remaining money we have, and if we are wise, we will still stop gambling and will not use the remaining money to continue gambling.

Having a break is indeed a must when you are experiencing a loss streak, but if you are in the middle of the game and you keep experiencing loss, most gamblers wouldn't accept the fact that they would quit with a loss so they would try to recover it which can worsen the situation. This is mostly from gamblers who cannot handle their emotions cause of what you would feel normally if you lost. Isn't the feeling of winning and the urge to keep continuing until you recover and profit. They won't even check their funds and money as they are focused on recovering ending up draining their wallets. Limits and restrictions are a must, you can start gambling by just bringing a limited amount to bet to stop loss, so whenever you feel like recovering and keep continuing, you're already out of money.

Taking a break from gambling can allow you to think that you have experienced a losing streak and no longer need to try gambling just because you want to recover from previous losses. You will see that your chances of recovering your losses will be less, and you could lose even more money. You will also see that the house has won a lot of money while you have lost a lot of money and have not managed to win even once.

And when you can stop gambling after suffering a losing streak, you will learn another new lesson where you no longer need to spend so much money. You only need to allocate a certain amount of money to gamble and place restrictions on gambling so that you don't lose a lot. That's what every gambler must do so they are okay with seeing their losses become more frequent.

It will give some breathing to refresh and to find that wisdom behind that you already lose when you suffer from losing streak, better to stop and pause from gambling as the damage that can be done is really huge, gambler who already aggressive to recover most of the time is willing to take the Yolo bet a win or go home bet and gambling house would love to see that as most of the time it favors the house and it give them decent profits from that out of control yolo take of the gambler.

You suffer and everything is a regret, unlike if you stop and follow your setup before playing, it will give you the time and chance to adjust and maybe another good look for your next sessions.

Its bad on the sense that feeling out or negativity would really be having that kind of non good effect into someones well being but it would really be that something that cant really be that just avoided on the time that you do play gambling as results would really be just neither a positive or negative one considering that winning is something that cant really be assured of. Gamble responsibly is something that should really be in default. It is really just that it turns out that majority of gamblers would really be needing to experience those devastation first before they would really be able ot make those realizations. Having those self pity moments arent really that totally bad either on which you do know that it could be having that positive impact as these things would really be
making you completely stop on doing gambling since you do make out those kind of thinking.

I don't know, I think it's good sometimes to have low self-esteem when you are gambling. Like rolling in your head things like "I'm a loser!", "I can never win!", "Luck is always not on my side!", things like that, don't you think it's a good help for stopping your gambling session? I think it's people who are too confident in themselves who can end up as irresponsible gamblers.