Topic: Gambling Management - page 10. (Read 3868 times)

Managing our funds can be hard if we're not willing to do it or when we have no plans of doing it. Those that have been in bad times whether in gambling or not and they've lost a lot of money, they are starting to see the importance of managing funds.

But if someone is not fond of it and yet a reckless gambler and will keep on doing it until he's got zero fund left, those are the type of gamblers that will learn things the harder way.

In anything that we are doing, it is very important for us to ensure that we have a gambling management in place to protect us from from accessible gambling which is going to be a big help for us. Gambling is supposed to lesser than the way we are gambling currently which needed adjustment. It is important we do all we can to make sure we follow the rules and the techniques that is going to make us to be a good and conscious gambler. We all wants to make money from gambling and we need to do it in the right way that would not have a consequence on us as gamblers.

On the time that it do becomes already a habit then this is something that would really be that already hard for you to completely stop since you've been get used to it or become that part as your daily routine
on which it would really be just that something normal that you would really be that looking for it on the time that you would really be that deciding that you would be having that kind of stoppage midway.

When it comes to management specially with funds or simply with finances then this is something which is really that very hard and does really need up that kind of control and discipline towards ones self.
Although it wont really be something that not that easy but its not something that would really be impossible. It all matters on how well you would really be that making yourself that
be able to adjust accordingly basing up into the situation.

Honestly, I am not sure that there is a gambler who is really able to accept a large amount of defeat, and we should be able to find out about what their intention is actually gambling from the amount of budget they allocate, if for example they allocate an amount that tends to be large or even close to 80% of the total amount of their income per month from their main job then I think I can conclude that their intention and purpose of gambling is to multiply the money they bring in with the hope of getting a big win.

With the goal of multiplying the money they bring with them then I think it is obvious that if they end up losing then they will not have the ability to accept the fact of losing, I am sure that they will be emotional and unable to calm their emotions which in turn the situation encourages them to do some out of control actions such as chasing the winnings to restore something that has been lost which will actually only lead them to a lot of stress, In the end, as you said, it is best to gamble by putting the amount of budget that we can afford especially for losing, that approach is useful to minimize emotions and out of control actions that lead you to a lot of impulsive decisions.

If you happen to practice that kind of percentage monthly from your salary or even every 15th, that might go deeper and will become a habit. That instead of allocating it to more important things.

That part is going to the gambling funds that's quite a lot and if you lose, you might think that it should be recovered and then where you're going to get your fund again?

From your salary and that adds to the percentage and if you lose, you'll have more and it's a repetitive cycle.

Yeah because it's not only about the money but also the mental capital that would require you to risk such amount of money. You don't want to lose all the money that you've just worked hard don't you? Which means that you should be only betting the amount of money that only seems insignificant for you. That you won't stress about it even when you lose. Because regardless if your new or a professional, you are going to lose in this game. So if you aren't prepared for that, you may lose your sanity. Increasing your risk doesn't only equate increasing your profits, it also increase the amount of stress you are going to carry.

Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.

This is subjective to your level of risk tolerance, if you are willing to risk certain amount on a bet based on your decision not from a place of emotion it will help you in setting your limits.

But when you risk what you can't afford to lose then you experience pain,regret, emotional disturbance. So the management relies on you who is the Manager, if the Manager stick to the rules of the game (plan), the system won't have effect on you.

Ĺosing is certain, just know and work within your  risk tolerance level. This will shade you from worries, even when you take a lose.

only use what you can afford to lose in gambling, so that when you lose you will not feel bad at the moment that something big has left your account like the way some people use to feel bad when they lose money.

You can economize your funds in gambling in this aspect, if you can know your daily budget in gambling like the way some gamblers know their budget over some years and they have stay long in gambling doing well.

That is the sign, someone is heading to addicted to gambling when you gamble you don't have anything to sell or use to gamble to make your mind be at peace, Just know that loss can come in your gambling and gain can come at anytime, but you have to maintain your budget, if you don't want to lose like other gamblers that increases their budget because they are winning at the moment

Of course, self-control is central and the core of all the core of life from the response that we will receive and give to something that happens in this world. Therefore, self-control is very important in human life, especially in doing so to be applied in gambling, gambling management will come out if we have good self-management and understand how finances work so that the risks that are in front of our eyes can certainly be dealt with to avoid so that our finances go according to plan even if you are an acute gambler, this can only be done by yourself because after all nothing is fully controlled by external parties about ourselves.

But what is very unfortunate, some gamblers also who already have experience, have self-management and have good money management sometimes ignore what has been planned in their activities so that we see there are compulsive people, people who can still be influenced by circumstances either internal to themselves or others in their environment to continue gambling and make money until there is no more left and do penance with regret.

Budget allocation is something that would really be that crucial because once you do find yourself that being that too irresponsible when it comes to spending then you would really be ending up on
sleeping on the streets just because you have nothing left into your bank account because you have lost it all in gambling on which this is something that we should not do when doing gambling.
People would really be only making out some realizations on the time that they will really be experiencing problems and not on the time that they are still doing gambling and making out some
limitations on which we know that this is something that you would really be gonna needing because once you do missed out on having that control then it would really be causing that huge problem
on which you might really be telling into yourself that you should have done this and that but well its already too late for you to do such thing.

The fact that gambling involves risk should make individuals understand that they should learn to implement budget management, atleast it would help them control frequent lose of funds to gambling. Some individuals would want to recover their lose and sometimes would be bold enough to invest a large percentage of their income into gambling but if they learn to implement budget management it would really go along way In helping the lose much money.

 Yeah you're right gambling involves more of luck and good strategy and no matter how good an individual is you'll definitely encounter loses at some point in time, it's something that's inevitable but then avoiding lose of big funds matters a lot and that's where the implementation of budget management comes in, therefore every gambler needs to be aware about it.

Yes, especially if it involves money or that means especially if something you do involves your money, plus as we know, gambling has risks where the level of risk can sometimes be very large when someone cannot control themselves in gambling. On the other hand, of course, as you said, discipline must really be applied to gambling involvement, apart from that we also must not ignore other aspects which are no less important, such as control and placing limits on two things, namely time and budget.

Because there are only a few things that can keep us from avoiding the bad possibilities that exist in gambling such as losing larger amounts, and the other thing is that we really have to be able to maintain our awareness of understanding the concept of gambling, or that means we have to always remember that gambling can lose everything we have when we try to do something that is too careless and risky, and by having a good level of awareness then I am sure you will not be careless in making every decision, such as always keeping a small amount or always limiting the time for gamble. Gambling is not a place to make money because there is absolutely nothing that can guarantee you will always win, therefore it is better for us to prioritize things that can prevent us from worse possibilities.

On the time that you do step your foot into the field of gambling, then you should already have assumed out that you are already spending up some money for you to gain money or something that speaking about gambling it literally and its important that you should really be that aware about the risks involved on the time that you are really that tending to play in the first placed. You wont really be that making yourself that
ended up being desperate if you are someone whose really that prepared into those loses since you had already projected it out that it would mostly happen for most people.

Management here would be pertaining about finances because this is something the main thing that will really be affected on the time that you do focus up that much with gambling on which if you do
find yourself that being impulsive then expect that you will really be that high chances that you will really be that destroying your own life on which you would really be ending up on having those
regrets in the end of the line.

Everything will have risk so we must knows how to minimize the risk of losing. If he thinks that he can used that way, he can still used it but he must discipline with that way and not increase his budgets or his bets. Maybe he can used small bets in every bet he placed and do that every time he wants playing gambling with a certain budgets. He must follows his own rules and limits his budgets so he will not used more money to playing gambling. He must remember that playing gambling can makes him used more money and his job is prevents that happens or he will regret it when he lose all of his money. We must overcome the losses that may happen and only with limitation that we can do to avoids a big lose. He doesn't have to thinks about grow his money from gambling because that's difficult and not many people can make money from gambling.

That's nice! I think you did a great job at controlling your gambling method. Dividing the budget is the best way to minimize our losses because that way we are careful about losing the amount that we plan to gamble on that day. We now have the "Vault" feature to make our brains think that we only have the half that we will be using and so we won't be spending that whatever happens. But it's also about discipline, we must follow our plan and keep it that way.

I do this too. I actually divide my balance by 1000 and the result will be my bet so that I can play 1000 times. Casino games minimum bets are super low so I can play as long as I like as I also increase my wagered amount and then my VIP rank.

This method is also quite safe, but it does not guarantee a consistent bet amount for each game. Because most of the money you win will be less than the amount you bet, right? For example, if you bet 10 coins, you win 8 coins, and use those 8 coins to bet on the next bet, then clearly the amount you bet in the 2nd game is not equal to the 1st game, so the bet amount will be inconsistent, it will be difficult to control the account later.

I think you should not care too much about the amount of money you have won, just focus on maintaining a consistent betting amount. After a certain period of time, it could be a week or a month, you should summarize it once to find out what your win/loss ratio is. From that result, you can adjust your bet amount to be more reasonable on the next week or month.

According to your story, it seems that you are too greedy about the income you can get from gambling. You always think that if you bet a large amount, you will get a large amount of winnings. which is true. So the only question is whether you will get lucky doing something like that.

You know yourself that what often happens to gamblers is that they lose the game, and then you do that by betting a large amount because you're hoping to get lucky, but that's why you always lose, and it seems like you've never won.

There are many cases of gambling addiction that are carried out excessively or exceed reasonable limits, maybe this is because they cannot manage their gambling activities well so they experience a lot of problems because gambling is not done well, I think when someone who is addicted to gambling runs out of capital, they won't be able to easily stop there by immediately limiting their gambling, because if they are already addicted it means their thinking has been hypnotized by gambling, so the possibility is that when they run out of capital I think they will do various things to be able to get money to use. again for gambling, whether it's borrowing or carrying out actions that harm other people.

In order to reduce their gambling activities, I think they must have awareness first, awareness that what they are doing is excessive and detrimental to themselves, with that, perhaps they will have the intention to stop gambling or limit their gambling, also people who are addicted to gambling will not can easily accept advice from others. because they feel that the action they are taking is correct, even though it is only putting themselves in a very big problem that could destroy their life completely. maybe awareness is the main thing, because with awareness everything will be done appropriately.

Gambling management is about how you can manage your gambling activities to avoid over gambling and getting addicted. What will make you to continue playing and become addicted is when you have too many capital to be using for gambling. Reducing your gambling capital will help you to manage your gambling activities very well. If a gambler is becoming addicted to gambling and his capital gets reduced, he'll reduce in his gambling activity and it can help him with his addiction.

After exhausting your gambling budget for the day, you should stop gambling and not start looking for how you can get some extra money to use in gambling. The time you're spending in gambling should be reduced too. If you can handle all this you won't have a problem gambling and gambling addiction will not become a problem that you'll be struggling with when you're gambling as many are doing.