Topic: Gambling Management - page 12. (Read 3868 times)

There are many ways to help your gambling career but for now you have to limit from over spending while gambling. For example when you play and win and you know continueing the game might eat up your fund or capital you stay away from gambling. Because the more you keep playing the more you may keep on loosing and you may get tired of playing. If you look closely in this gambling board you will discover that people always say that when you play more often and lose, when you play and win don't hesitate. You should move with your wining and never look back otherwise you may still end up in thesame circumstances.

Own rules, ethics, these are some of the most difficult to live by rules and principles because, you’re the sole enforced and punisher. If you don’t get to follow it, it’s no one’s concern but, a lot of persons and yourself could suffer from its violation that’s what it is like with own rules and ethics. It entails having a strong will and discipline to understand that, these does exists or were formed as a matter of necessity to save own self from possible destruction which could emerge from having a bad gambling habit or addiction problems.

No need going aggressively on your stakes and the market which you’re betting on. For all we know, the house often wins and your going aggressive on your gambling is you just pushing yourself to a luck locked situation.

You have to be calculative and be a responsible gambler so that you can manage your gambling habit and from what you said that is gambling addiction and it lead to excess spending. Now all what you have to do is to plan your gambling habit daily or weekly. Gambling nis one thing that entice people to perpetual in gambling because of the fun involved.
And all the responsible gamblers have their way of managing gambling. The way one used might not be okay with another person so learn your own live with it

Exactly, as you mentioned, emotions and patience must be paid close attention because when they are gambling but they cannot control their patience and emotions which peak for a moment then it will only result in losses, in gambling places we all have to have fun and don't need to be serious place. At least those who will come to gambling places already understand all the risks that can occur in gambling places.

Sometimes it is very easy for us to understand, determining the amount of money to spend, the right time to stop and so on. But often when we are in that position, we are carried away by the atmosphere and emotions, so that many lose control over the actions taken. It is very difficult to discipline yourself in gambling, it is not impossible to do, but for some gamblers who have just become addicted, this is very difficult to do.

Increasing your bet after a loss, even if the increase was small, is just a way to chase your losses, and we know how dangerous this attitude can be, because chances are that instead of recovering what you have lost you will lose even more money, which in return will cause you to keep betting, as now you will want to recover that money as well, so at some point the gambler that is doing this will either run out of money, or at least lose way more than what they had planned for.

If it's gambling, I wouldn't consider things that are rotating on it as a success. I'm good by having simple wins and that's enough to make me happy and to tell that I am able to manage myself well as I gamble.

But that's just me and that's how I interpret things and I am just a person with low type of happiness. Because I see a lot of gamblers losing their controls and getting to that point as you've described.

It's too bad to see that many of them become aggressive and lose themselves.

It's self discipline, without it we will never be successful in what whatever we are doing, especially that involves cash in this manner. We have set a strategy to follow, that includes bankroll management, but if we lose control along the way, we will end up refiling our bankroll from time to time, and worst is if we could not control ourselves to get overly aggressive betting a huge amount of money we cannot afford to lose anymore.

What happens when you lose your profit? Obviously, you will fall back to your capital. The best way to gamble is to set a limit from the onset even before you begin to gamble. All gamblers should understand that gambling has an inherent risk and so losing is the only guaranteed outcome. If this is the case then why should a gambler go above his limit when there is nothing guaranteed in gambling. I would prefer to gamble and lose but stick to my limit than to gamble and win and then exceed my limit.

The reason for this thought is simple. When you go against your budget you end up losing more than you wished to. And then you will keep chasing loss when you are supposed to take a pause. This kind of behavior can leave a gambler frustrated which can bring negative consequences in his overall living.

Before we could at least manage gambling, we need to show ourselves approved on how effective we were able to manage ourselves and person life, some people cannot make decisions on their own self, else they depend on other people for supportive efforts on what to do, some don't even know what's next neither do they know what is good for them to do, all these are what contribute to why we can see
many behavioral attitudes towards how people gambles because they are all seeing it from different view and understandings.

It's a necessity for every well-meaning gambler to know how to manage his gambling activities or risk becoming a gambling addict and that is one of the worst things that can happen to any individual. Gambling without proper management is the same with a mechanical engineer who goes to work without putting on safety wears as he's likely to survive without the safety wears but is also at a very high risk of losing his life in the course of working without wearing safety wears.
My advice to anyone who wants to gamble is that they should always make vital decisions before gambling because the decisions you fail to take before gambling will be very difficult to take while gambling especially when the concerned gambler is losing his money. After I lost a huge sum of money to gambling because of poor management, I made new plans to execute whenever I want to gamble and the first of them all is to bring out a certain amount of money and see it as my gambling capital and when I exhaust ot without winning, i simply back out instead of gambling more. That has helped me to control my gambling engagements

I agree with this because after all with the current conditions when talking about gambling then indeed we must have good management even though this is not about investment or future savings that we do because after all when we do not have management like this then it is certain that some impacts in gambling will certainly be felt by us such as addiction problems or our inability to manage our finances because indeed things like this are a definite situation considering that gambling is even though it is just a game, it will still be a potential where we can enter a very high level of egoism and ambition if indeed we cannot manage it well so that financial management and self-control will definitely be felt. This is a definite situation considering that gambling, even though it is just a game, it will still be a potential where we can enter a very high level of egoism and ambition if we cannot manage it properly so that financial management and self-control will be an important factor for us to be able to limit gambling so that even though we are in a game in gambling, we can also limit ourselves and minimize the losses we have in the end.

Hahaha...What you guys say at times is funny, how do you go about it if you do not have the initial winning you can use for your subsequent betting according to your plan? It is not as easy as that but it is a very good point that we should have our gambling budget. I often preach about it and it's not about having the gambling budget alone but also having beautiful calculations with it that will work well even along with the plans you have. These calculations can further help you to know the number of times you would exhaust the particular budgeted sum, not that you will carelessly have that budget and just wager the whole money at once, that could be senseless. Some do it but I do not believe they can get the best out of gambling like that, and as we know, gamblers lose more, so if one gambles all the money in his gambling account at once, what will he fall back at?

Also, there can't be any fun here at all, because the fun is what gamblers often resort to in encouraging themselves to console that they do not entirely lose if they could have fun even as they lose. But the fun will certainly be denied when the wagering was just at once. For instance, it is better to have $50 in your gambling account and bet 10 times by wagering $5 per bet, this is smarter than just betting at once where the whole money would be painfully lost just like that. It could even be more fun for people when they wager it 50 times by gambling $1 in each bet. This approach covers up for gamblers as they lose some and gain some, and it's a simple way to effectively manage our gambling account and give gambling itself a tough time before swallowing all our money even if we are not so good or lucky at gambling.

Yes but I think it is unlikely for a gambler to be in a really good financial situation to be able to gamble every day, because we are human beings who always need something to survive and also there is always a budget allocation on other things that we never expected before, such as for example you or your family members such as children have an illness that requires you to spend some money suddenly and urgently and things like this can interfere with your plans to still share some money to gamble.

I think however having a plan to gamble every day is a bad idea because no matter how rich you are you still have a high chance of ending up poor, one of the reasons is because gambling can stimulate your brain and mind to try various things that are excessive which in the end when you are in a situation that you really can't control then it is very likely that you spend some money on other things such as the necessities of life, And sometimes even if you don't have a plan to gamble every day you are still likely to overdo it which will cause a lot of problems like those experienced by gambling addicts, so the bottom line in my opinion is like you said that management of prevention should be emphasized and prioritized, it is you who must control gambling and not gambling that controls you.

The most dangerous thing for a player happens when he decides to increase his bet every time he loses, and it’s good if there is some kind of limit for the player, after which he will stop playing, if there is an amount that he cannot exceed in case of loss. But if there is no such restriction, then very large losses can be achieved. This is why management in gambling is so important, the bet should be fixed, regardless of the winning or losing streak.

Gambling might not be an investment but its not something that you would really be having that kind of management specially with money or finances. This isnt something that you could really be able to
make yourself that be confident on spending up money because we know that mishandling up your finances and having those bad decisions is something that would really be making that huge impact
or result or outcome. Management is the key on which it isnt really just that limited on gambling alone but also in other things as well like business or whatsoever that involves money.
Management and moderation would really be that relevant because if you do skip out these basic things then dont get surprised that time comes on which you've seen that you have
already put up yourself on such great trouble.

If it is about having a budget, I don't think I have a stable budget for gambling. It all depends on the number of games I choose because I can have fewer games with a very high stake It is not something I can say I have a budget for.  When you gamble continuously, you will no longer get angry when you lose, Those are qualities of being a professional because you will always have the mindset that your win will cover your loss and that is exactly what happens. Understanding the game is very important so that way you will know how much you want to stake. I do not use my profit to place another bet when I have a win, I enjoy or use the money to get something for myself. Next, when I want to gamble, I use my money to gamble. and when I lose, I just keep my phone and later I check for other games. We continue from there.

That's the sort of thinking that makes a gambler keep gambling even after losing so much money because, after each losing bet, their mind keeps telling them that the next big win is just around the corner, keep going, if you have exhausted your bankroll, make another deposit and chase that win down. The gambler keeps listening to their mind and keeps doing that until they realize they have lost everything they had and still didn't manage to reach that big win they had around the corner .

So, a person needs to understand that it is just something in our mind, and not giving up in gambling doesn't work in your favour like any other field where giving up makes you lose, but in gambling, not giving up makes you lose more, lol.

After you made profits, you should take out your capital and begin to use your profits for more gambling, the more you win you have to repeat this so that you don't use your capital again for gambling. When you do this you can't be in losses as when you lose you aren't losing your money but the profits that you made earlier. If you start well when you begin gambling, you can be in profit for a very longtime and not lose your money but if you win and use up the money, you'll have to use your capital again.

Gambling management is all about how you can minimize losses and keep staying in profits. Not every gambler that is in losses therefore don't have the thinking that you can't be in profits when gambling, if you plan yourself very well and don't gamble wrongly, you'll be making profits too. You can lose as losing is something that have always when gambling but you won't be in losses when you check your account.

This is how gamblers should play and continue to play in casinos. Gamblers can play every day, but they have to look at their monthly budget allocation for gambling. As long as it doesn't exceed the allocation then it's not a problem to do. meaning that gamblers play quite well when they can maintain their capital or winnings.
what often becomes a problem is gamblers who lose control. they have no limits on the money they spend on gambling. and that can be very bad for a gambler's finances. Gamblers must be able to manage their gambling well. otherwise, they will not gamble long until all their wealth is gone.