Gambling habits that will cost you - page 4.

Viscore

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Quote from: Best Dreams on August 21, 2019, 11:53:43 PM

Quote from: mich on August 20, 2019, 01:13:58 AM

Some rules and logics I use when I gamble include-

Do not chase loses under any circumstances
Do not play many parlays they are suckers bets
Do not make a wager because the match is on tv
Only make a wager if you feel you have a advantage

You have given all those really good advices if we Will follow your given instructions so I am sure there Will no harm for us from gambling. It is not bad habit to gamble I have seen so many people getting rich with habit of gambling just don’t be greedy to win all the time and try to improve yourself and try new strategies.

He has but I don't agree with all, in fact I only agree the first advice which is not to chase our loses because I have experience many times that every time I loss control and got emotional, I always do chase but it also end up losing most of the time.

Discipline is really the most important thing, without it, we will never be safe in gambling.

Best Dreams

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Quote from: mich on August 20, 2019, 01:13:58 AM

Some rules and logics I use when I gamble include-

Do not chase loses under any circumstances
Do not play many parlays they are suckers bets
Do not make a wager because the match is on tv
Only make a wager if you feel you have a advantage

You have given all those really good advices if we Will follow your given instructions so I am sure there Will no harm for us from gambling. It is not bad habit to gamble I have seen so many people getting rich with habit of gambling just don’t be greedy to win all the time and try to improve yourself and try new strategies.

iMark

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Quote from: janggernaut on August 19, 2019, 09:37:34 AM

Quote from: ethereumhunter on August 19, 2019, 09:16:00 AM

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Investing our money in gambling site isn't bad idea. The fact is it has lower risk than gamble our money. The risk while investing our money only you will lose some once whale won huge amount or getting scammed by the site (if you invested in trustworthy site, this shouldn't a problem)

what change do you mean? investment in bankroll more difficult? I think increasing time doesn't mean that profits on gambling site investments are getting harder and difficult. I think it's still the same, depending on the gambling site that you choose for investment, you can see the profit statistics received by the house on the dicesite.com, it can give a little idea that investing in a bankroll gambling site is still worthed and which site you should choose to invest

michellee

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Quote from: ?? on ??

Quote from: michellee on August 21, 2019, 02:50:02 AM

Quote from: btc78 on August 20, 2019, 02:45:03 PM

I believe that only fool and greed will commit investing with scam sites because they are promising undeniable amount of profit in which too good to be true.so if you’re greedy enough to bite their baits then sorry for you..
Anyway investing in gambling than Playing is much safer I guess

We are seeing many people do that, and they complain that they lose their money from the investment. If the investment offers a big amount of money as a return, then I don't think that will make sense because, in the name of investment, we cannot make big money and the return of an investment will depend on the money we used for the investment.

Yeah, it is better to invest in gambling than playing gambling itself because we don't lose the money and even we can get some return from the investment.

Yeah there are allot if people who are scammers but we should not trust them infect we should try to make good research About them before involving with them and first you should send small amount so that it Will give you big lose to stay active with them and don't be greedy for any fake offer like this.

I've already found many websites which offer a big bonus to the members in the past. But I don't trust them because I already got bad things with the other site before. So that is why we need to be careful if we found one gambling sites offers a free bonus to members because that will be suspicious and it's good to be true.

Quote from: hahay on August 21, 2019, 05:34:20 PM

Quote from: michellee on August 21, 2019, 02:50:02 AM

Quote from: btc78 on August 20, 2019, 02:45:03 PM

I believe that only fool and greed will commit investing with scam sites because they are promising undeniable amount of profit in which too good to be true.so if you’re greedy enough to bite their baits then sorry for you..
Anyway investing in gambling than Playing is much safer I guess

We are seeing many people do that, and they complain that they lose their money from the investment. If the investment offers a big amount of money as a return, then I don't think that will make sense because, in the name of investment, we cannot make big money and the return of an investment will depend on the money we used for the investment.

Yeah, it is better to invest in gambling than playing gambling itself because we don't lose the money and even we can get some return from the investment.

Investing in gambling itself will indeed be fine, but for a good return we at least need more time than the investment itself. So, gambling in this case is looking for a quick return if we really assume gambling is a place where we get big profits and fast.

People do not realize that gambling is not a place to make a quick return, but they still playing gambling. We cannot always tell them because I think they don't want to listen to us so we could let them go to choose what they want. But investment in gambling could help them to make some money.

hahay

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Quote from: michellee on August 21, 2019, 02:50:02 AM

Quote from: btc78 on August 20, 2019, 02:45:03 PM

I believe that only fool and greed will commit investing with scam sites because they are promising undeniable amount of profit in which too good to be true.so if you’re greedy enough to bite their baits then sorry for you..
Anyway investing in gambling than Playing is much safer I guess

We are seeing many people do that, and they complain that they lose their money from the investment. If the investment offers a big amount of money as a return, then I don't think that will make sense because, in the name of investment, we cannot make big money and the return of an investment will depend on the money we used for the investment.

Yeah, it is better to invest in gambling than playing gambling itself because we don't lose the money and even we can get some return from the investment.

Investing in gambling itself will indeed be fine, but for a good return we at least need more time than the investment itself. So, gambling in this case is looking for a quick return if we really assume gambling is a place where we get big profits and fast.

Oceat

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Quote from: qwertyup23 on August 20, 2019, 11:34:38 PM

Quote from: roosbit on August 05, 2019, 03:13:16 PM

Feel free to add more to the list

Just to add on the list, DO NOT ever gamble if you view the act as a gateway or as a solution towards paying a debt or if you are financially struggling. Sure, there may be some that gets lucky on their games but the risk outweighs the merit at the end.

Another thing, one should always know their limitations before they gamble. Set a limit or a cap on your maximum allowable winnings/losings as this may effect on how you play your game. If you feel like that you have lost enough money, always know WHEN TO STOP and WHEN TO CONTINUE. Gambling is not an overnight process as it may take someone some time before they actually recover their losses (always subject to luck).

I think for newcomers this would be their problem risking everything because they think they can win against the house. Gambling is riskier if you are not mentally prepared for what would be going to happen. That's why it is never recommended to people who suffer a financial crisis, it will make things worst than usual.

carter34

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Quote from: qwertyup23 on August 20, 2019, 11:34:38 PM

Quote from: roosbit on August 05, 2019, 03:13:16 PM

Feel free to add more to the list

Just to add on the list, DO NOT ever gamble if you view the act as a gateway or as a solution towards paying a debt or if you are financially struggling. Sure, there may be some that gets lucky on their games but the risk outweighs the merit at the end.

Another thing, one should always know their limitations before they gamble. Set a limit or a cap on your maximum allowable winnings/losings as this may effect on how you play your game. If you feel like that you have lost enough money, always know WHEN TO STOP and WHEN TO CONTINUE. Gambling is not an overnight process as it may take someone some time before they actually recover their losses (always subject to luck).

Not having control of stopping when you are losing is a bad habit true. Some of the time we play and lose, we forget that we can have the chance to play another day if we don't do a chase to win by all cost.

michellee

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Quote from: btc78 on August 20, 2019, 02:45:03 PM

I believe that only fool and greed will commit investing with scam sites because they are promising undeniable amount of profit in which too good to be true.so if you’re greedy enough to bite their baits then sorry for you..
Anyway investing in gambling than Playing is much safer I guess

We are seeing many people do that, and they complain that they lose their money from the investment. If the investment offers a big amount of money as a return, then I don't think that will make sense because, in the name of investment, we cannot make big money and the return of an investment will depend on the money we used for the investment.

Yeah, it is better to invest in gambling than playing gambling itself because we don't lose the money and even we can get some return from the investment.

qwertyup23

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Quote from: roosbit on August 05, 2019, 03:13:16 PM

Feel free to add more to the list

Just to add on the list, DO NOT ever gamble if you view the act as a gateway or as a solution towards paying a debt or if you are financially struggling. Sure, there may be some that gets lucky on their games but the risk outweighs the merit at the end.

Another thing, one should always know their limitations before they gamble. Set a limit or a cap on your maximum allowable winnings/losings as this may effect on how you play your game. If you feel like that you have lost enough money, always know WHEN TO STOP and WHEN TO CONTINUE. Gambling is not an overnight process as it may take someone some time before they actually recover their losses (always subject to luck).

Cherylstar86

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Quote from: btc78 on August 20, 2019, 02:45:03 PM

Quote from: janggernaut on August 19, 2019, 09:37:34 AM

Quote from: ethereumhunter on August 19, 2019, 09:16:00 AM

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Investing our money in gambling site isn't bad idea. The fact is it has lower risk than gamble our money.

Actually I’m planning this before the market comes bull this second quarter mate,being desperate to find something worth investing but good that market pumped and my folio filled with profit

Quote

The risk while investing our money only you will lose some once whale won huge amount or getting scammed by the site (if you invested in trustworthy site, this shouldn't a problem)

I believe that only fool and greed will commit investing with scam sites because they are promising undeniable amount of profit in which too good to be true.so if you’re greedy enough to bite their baits then sorry for you..
Anyway investing in gambling than Playing is much safer I guess

Perhaps, when we invest it's a case to case basis to consider. The risk depends on the future gambling institution whether it succeed or not. Playing was only a way of fun not for sustainable profit source.

btc78

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Quote from: janggernaut on August 19, 2019, 09:37:34 AM

Quote from: ethereumhunter on August 19, 2019, 09:16:00 AM

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Investing our money in gambling site isn't bad idea. The fact is it has lower risk than gamble our money.

Actually I’m planning this before the market comes bull this second quarter mate,being desperate to find something worth investing but good that market pumped and my folio filled with profit

Quote

The risk while investing our money only you will lose some once whale won huge amount or getting scammed by the site (if you invested in trustworthy site, this shouldn't a problem)

I believe that only fool and greed will commit investing with scam sites because they are promising undeniable amount of profit in which too good to be true.so if you’re greedy enough to bite their baits then sorry for you..
Anyway investing in gambling than Playing is much safer I guess

Mometaskers

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Quote from: noormcs5 on August 13, 2019, 07:23:56 AM

Quote from: Mometaskers on August 12, 2019, 11:54:50 AM

Set a budget for a certain length of time and stick to it. If possible, try not get it down to zero. Once you run out of money, you can't deposit more.

For example if you set a weekly budget and lost all that, you don't replenish it until the next week. The good thing about setting a fixed budget for a regular interval is you can track if you are earning anything.

Those people who do not keep track of money in gambling loses more money than the others.
This seems to be a decent habit to avoid the loss of money and also limiting yourself to the fix amount of funds. Also, in case of a win, you may add them in your next week balance, so you can enjoy gambling with a bigger bankroll.

Personally I'd prefer to immediately send the "winnings" to a different account and consider that as income. You make a bet, if it wins you get the "capital" back and use that to play and the "prize" isn't added back to the fund. The "gambling" pot gets smaller but the "income" is placed into a different budget where it'll be used for other things.

No matter what happens you've already set aside some money. I think seeing the gambling fund getting smaller as the weeks pass can make people a bit more conservative, at least until it gets topped off again next month.

mich

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Some rules and logics I use when I gamble include-

Do not chase loses under any circumstances
Do not play many parlays they are suckers bets
Do not make a wager because the match is on tv
Only make a wager if you feel you have a advantage

ethereumhunter

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Quote from: janggernaut on August 19, 2019, 09:37:34 AM

Quote from: ethereumhunter on August 19, 2019, 09:16:00 AM

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Investing our money in gambling site isn't bad idea. The fact is it has lower risk than gamble our money. The risk while investing our money only you will lose some once whale won huge amount or getting scammed by the site (if you invested in trustworthy site, this shouldn't a problem)

Yes, it is. But we need to select the right gambling website so we can see and expect that our investment will grow in the future. I asked my friend who already invest their money to the gambling site, and they said that it still work to them but unfortunately, they don't tell which website that they used to invest the money.

We need to be careful about choosing the website because we need to know if that gambling site will operate in a long time, and still paying their member for the investment.

emberbekas

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Quote from: janggernaut on August 19, 2019, 09:37:34 AM

Quote from: ethereumhunter on August 19, 2019, 09:16:00 AM

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Investing our money in gambling site isn't bad idea. The fact is it has lower risk than gamble our money. The risk while investing our money only you will lose some once whale won huge amount or getting scammed by the site (if you invested in trustworthy site, this shouldn't a problem)

Indeed, investing in a gambling site bankroll could be the good way to choose for long term investment. Based on what we see and read from gamblers experiences, most of them are in the negative profit after playing for some period of time. But for sure we should put our money in a trustworthy site and it'll need time before we can get good profits from such investment.

South Park

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Quote from: roosbit on August 05, 2019, 03:13:16 PM

snip

2. Don't gamble while you are intoxicated, for obvious reasons judgement is impaired and you will be reckless with how you play.

snip

When you are playing in physical casinos the second point you bring is probably the one that carries the greater risk over the long run, it is known that if a casino sees that you are winning some money when you are gambling that they will offer you a few drinks, and while this may seem like a nice gesture the truth is that the manager is expecting that you get intoxicated and you begin to take reckless decisions with your money and most of the time they are successful and the player losses everything he has won until that point.

jostorres

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If you want to be big in gambling then you should learn to accept defeat and be comfortable with the little wins, it doesn’t make you a mediocre in anyway. It’s sweeter to have a little win than to lose it all completely. It’s not in all cases we can withdraw a part of the money, sometimes it’s better to take it all and quit for the day, I think this is where setting limit in playing comes in. Imagine winning just $100 in a game and you can’t really replay with something lesser, it won’t be wise to replay with just $50, so you are to either play with the full cash or withdraw, in cases like this withdrawing is better.

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Quote from: janggernaut on August 19, 2019, 09:37:34 AM

Quote from: ethereumhunter on August 19, 2019, 09:16:00 AM

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Investing our money in gambling site isn't bad idea. The fact is it has lower risk than gamble our money. The risk while investing our money only you will lose some once whale won huge amount or getting scammed by the site (if you invested in trustworthy site, this shouldn't a problem)

Investing to sites bankroll will add good passive income, it will take some time to get your share profits but it's lessen your chances to get addicted or to lose big amount of bankroll, unlike playing your money which can cause danger to yourself as it can potentially ruined your financial assets once you get too attached and addicted.

janggernaut

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Quote from: ethereumhunter on August 19, 2019, 09:16:00 AM

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Investing our money in gambling site isn't bad idea. The fact is it has lower risk than gamble our money. The risk while investing our money only you will lose some once whale won huge amount or getting scammed by the site (if you invested in trustworthy site, this shouldn't a problem)

kennen1113

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Quote from: Becky666 on August 19, 2019, 08:52:18 AM

Quote from: Botnake on August 19, 2019, 07:43:44 AM

Quote from: BUK2016 on August 18, 2019, 05:02:31 PM

Taken gambling as a source of income is a very bad idea because that will make you invest the money you can't afford to lose with the mind that you will make it big from gambling and at the end you will lose more money. If you want to stop losing more then you have to stop trying to gain back what you have lost while playing gambling.

That's not what I understand it, for me, when you are taking gambling as a source of income, you are investing on it, and every investor has to risk money and that is the bankroll you will start as a gambler which you will use throughout your journey.

A good gambler is a wise gambler who always follows the principle which is to invest what he can afford to lose.

Investment is different from gambling and shouldn't be compare to each other, even those professionals who engaged in gambling full-time are very rare as many of them still have their secret life of income and not solely dependent on their gambling life. Don't be fool by saying that there is something called gambling investment, gambling is more wost than investment.

Indeed, investing and gambling despite some similarities but clearly, gambling can only be entertainment, cannot be considered investment because we can only give money to others or we can only preserve our capital, we can see that if we are not experts, the end will be lost, if we are an expert in gambling, we will sometimes win and sometimes we will lose but the profits are never significant, and to sum up, we're just going in a circle. Investment is in need of a winning rate and a relative level of risk, it is not inclined to one side as gambling, should not be compared

Topic: Gambling habits that will cost you - page 4. (Read 6174 times)