Gambling Management - page 8. | Bitcointalksearch.org

Negotiation

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Quote from: Mrbluntzy on April 25, 2024, 03:44:19 PM

Quote from: lombok on February 05, 2024, 02:15:47 AM

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

If you are planning on saving up some money any time you win a game, then you need to start practicing a habit of send out some portion of your wining into a different account and only keep the one that you can willingly spend on your next bet. After winning a bet, you can keep 40% of the money that was won and only spend 60%.

I have the habit of not spending the money I win right at that moment in that casino. If I am gambling with $3 and I win $50, I will not spend the money that day.

You are right but there are many gamblers who can't control themselves after winning a bet instead of saving they bet to win more and then lose out in frustration. The strategy involves betting a certain amount on each outcome regardless of the previous outcome and betting on a certain percentage of the existing bankroll. It is better to focus on reducing risk and ensuring stability rather than actively increasing the chances of winning.

ethereumhunter

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Quote from: G_Besar on April 25, 2024, 10:23:47 PM

Because for me, the money I use for gambling is money that I am ready to lose, but if someone wants to save through gambling, it might take longer for them to be able to make their savings bigger. Why is that? Because winnings through gambling don't always come to the same person, so I wouldn't do something like this if I wanted to create savings to use someday.

That's what we must do related to gambling to prevents the big lose that many people already face. But if they wants to save through gambling, that will not be a good idea because they will difficult to wins in gambling. They can lose many times and much money as we knows that gambling is not a place to make money and we can only playing gambling without thinks about the wins. Maybe other people can do that but not with us because we already see what happens to us so far in gambling so we don't have to follows the other people steps. Many other ways that we can do to save the money and reduce our gambling activity is just one of many ways we can do. We must knows how to treats gambling as an entertainment so we can enjoy our spare time to playing gambling.

Litzki1990

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Whatever work we do, we should plan ahead. Like I am gambling from multiple accounts and at that time we have to assume that the outcome of that gambling may go against us and if it goes against then the money will be lost completely. If the money is completely lost, then there will be no money to gamble later on, so when making one bet, another bet has to be placed and then bet. Do not bet with full money because betting with full money will not have the money to bet later if the result goes against and the opportunity may be lost at that time. Professional gamblers usually think about the present and the future before gambling. I only think about the present but if I don't think about what will happen in the future then the problem can become bigger in the future.

G_Besar

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Quote from: Mrbluntzy on April 25, 2024, 03:44:19 PM

If you are planning on saving up some money any time you win a game, then you need to start practicing a habit of send out some portion of your wining into a different account and only keep the one that you can willingly spend on your next bet. After winning a bet, you can keep 40% of the money that was won and only spend 60%.

I have the habit of not spending the money I win right at that moment in that casino. If I am gambling with $3 and I win $50, I will not spend the money that day.

If there were people who were able to apply this every time they won through any kind of gambling, I would be quite amazed because getting a win is not easy for everyone and it will also not be easy to set aside the money we win into savings. For me, something like this might sound a little ridiculous because I prefer to make savings from other income rather than income through gambling, although it is also not wrong if someone wants to try it like that.

Because for me, the money I use for gambling is money that I am ready to lose, but if someone wants to save through gambling, it might take longer for them to be able to make their savings bigger. Why is that? Because winnings through gambling don't always come to the same person, so I wouldn't do something like this if I wanted to create savings to use someday.

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Quote from: arjunmujay on April 25, 2024, 09:00:17 PM

Quote from: Juse14 on April 25, 2024, 04:21:15 PM

~snip~

Approaching gambling situations with positivity and composure plays a vital role. It helps reduce stress and, in turn, allows us to take a more objective decision. However, it's equally important to have faith in our ability to win, and as long as it doesn't tip over into irrationality. High hopes can breed greater disillusionment if failure is met at the end; but confidence can drive success too if balanced with practicality.

Mental balance is very much in control when gambling.
It's true as you said, when our mental state is not good it would be wiser not to approach a casino. it is better to go away for a while until the mind calms down, or return to the casino another day.

I'm pretty sure that applies not only in gambling, but in general. When you're doing something out of your troubled mind, frustrations, anger, or anything negative emotionally it usually doesn't sum up to make good results since these emotions will hinder the way how we should deal with things in a positive way.
Though gambling is one of the dangerous way to be an outlet of these negative emotions as it involves money. However, everything still depends on how lucky a person is when gambling. He may still win or lose equally depends on luck despite of the emotions, but negative emotions may also lead to an uncontrolled and excessive spending.

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Quote from: Juse14 on April 25, 2024, 04:21:15 PM

~snip~

Approaching gambling situations with positivity and composure plays a vital role. It helps reduce stress and, in turn, allows us to take a more objective decision. However, it's equally important to have faith in our ability to win, and as long as it doesn't tip over into irrationality. High hopes can breed greater disillusionment if failure is met at the end; but confidence can drive success too if balanced with practicality.

Mental balance is very much in control when gambling.
It's true as you said, when our mental state is not good it would be wiser not to approach a casino. it is better to go away for a while until the mind calms down, or return to the casino another day.

When the mind is confused and forces us to gamble, the mind will force us not to be objective so we cannot make good decisions. If you win you want to double your winnings, if you lose you feel like you want to return your defeat until you don't realize you have lost everything.

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Quote from: nara1892 on April 25, 2024, 03:52:15 PM

Quote from: LUCKMCFLY on April 25, 2024, 11:53:58 AM

Quote from: nara1892 on April 23, 2024, 02:10:55 PM

But it is clear that these actions will only be carried out by those gamblers who come with the intention of making a profit whose gambling involvement is not based on a proper understanding regarding gambling, because I am sure that if they are responsible gamblers in the sense that they have the correct understanding and If they know about the risks involved in gambling, they will definitely prefer to cash out rather than continue playing. On the other hand, I like your confession here, it's no problem to always be open, friend, because if you are open, maybe there will be some people here who will provide a solution that suits what you need and from me the point is that you have to be really aware that Gambling is risky and no matter if you are winning, the possibility of losing is still a certainty, therefore it is better to take advantage of the time to cash out as soon as possible before it is too late and you regret it.

Well, personally I have always said something, a person who is focused on doing things more towards emotions can suffer many disappointments, but I believe that everything is in control of everything, for us to be able to have a good attitude towards casinos is to be positive, Of course, positivity should not be confused with being triumphalist, it is good that we believe that we can have some victories in the casino, but basically when it comes to doing something better we must focus more on our own benefit, which is money, that is, if I have a lot of money, I still have to allocate little money to play, because if I put a lot of money I am going to lose it, and most likely the sense of emotions is something that I cannot stop, that is why I have often said that the best thing is control money before emotions, and above all what you say is very true, possibilities are not really a certainty+

Of course everything that is done involving emotions will usually end up more often with regret and disappointment, and yes I understand having a positive attitude like you said which means being able to create a calm atmosphere without tension which will be useful for minimizing worries.

On the other hand yes having faith and belief that we can win may be a good mindset but I think of course don't overdo the expectation of winning which is obviously better to be balanced by knowing that you can win but you can also lose and lose money, because in some cases emotions will usually dominate when you are too focused and expecting to win while the results at the end of the session are not what you expected, remember that this is gambling where winning is nothing more than a “chance” while losing is a “certainty”, so it is better to be neutral and not overdo the expectation of winning. Another thing is of course what you said which means that the best approach to gambling is to allocate a small amount of money that we can afford to lose.

Being aware of the impact emotions have on our judgment and perception is an important start. When we are too influenced by emotions, it becomes quite difficult to make rational decisions and think rationally about gambling, which ultimately leads to feelings of regret later in life.

Approaching gambling situations with positivity and composure plays a vital role. It helps reduce stress and, in turn, allows us to take a more objective decision. However, it's equally important to have faith in our ability to win, and as long as it doesn't tip over into irrationality. High hopes can breed greater disillusionment if failure is met at the end; but confidence can drive success too if balanced with practicality.

The other important aspect is the ability to keep a realistic view of the situation and recognize that gambling is not devoid of risk. We can be sure of ourselves, but it is still necessary to bear in mind that there is an element of luck over which we cannot exercise any authority.

nara1892

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Quote from: LUCKMCFLY on April 25, 2024, 11:53:58 AM

Quote from: nara1892 on April 23, 2024, 02:10:55 PM

But it is clear that these actions will only be carried out by those gamblers who come with the intention of making a profit whose gambling involvement is not based on a proper understanding regarding gambling, because I am sure that if they are responsible gamblers in the sense that they have the correct understanding and If they know about the risks involved in gambling, they will definitely prefer to cash out rather than continue playing. On the other hand, I like your confession here, it's no problem to always be open, friend, because if you are open, maybe there will be some people here who will provide a solution that suits what you need and from me the point is that you have to be really aware that Gambling is risky and no matter if you are winning, the possibility of losing is still a certainty, therefore it is better to take advantage of the time to cash out as soon as possible before it is too late and you regret it.

Well, personally I have always said something, a person who is focused on doing things more towards emotions can suffer many disappointments, but I believe that everything is in control of everything, for us to be able to have a good attitude towards casinos is to be positive, Of course, positivity should not be confused with being triumphalist, it is good that we believe that we can have some victories in the casino, but basically when it comes to doing something better we must focus more on our own benefit, which is money, that is, if I have a lot of money, I still have to allocate little money to play, because if I put a lot of money I am going to lose it, and most likely the sense of emotions is something that I cannot stop, that is why I have often said that the best thing is control money before emotions, and above all what you say is very true, possibilities are not really a certainty+

Of course everything that is done involving emotions will usually end up more often with regret and disappointment, and yes I understand having a positive attitude like you said which means being able to create a calm atmosphere without tension which will be useful for minimizing worries.

On the other hand yes having faith and belief that we can win may be a good mindset but I think of course don't overdo the expectation of winning which is obviously better to be balanced by knowing that you can win but you can also lose and lose money, because in some cases emotions will usually dominate when you are too focused and expecting to win while the results at the end of the session are not what you expected, remember that this is gambling where winning is nothing more than a “chance” while losing is a “certainty”, so it is better to be neutral and not overdo the expectation of winning. Another thing is of course what you said which means that the best approach to gambling is to allocate a small amount of money that we can afford to lose.

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Quote from: lombok on February 05, 2024, 02:15:47 AM

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

If you are planning on saving up some money any time you win a game, then you need to start practicing a habit of send out some portion of your wining into a different account and only keep the one that you can willingly spend on your next bet. After winning a bet, you can keep 40% of the money that was won and only spend 60%.

I have the habit of not spending the money I win right at that moment in that casino. If I am gambling with $3 and I win $50, I will not spend the money that day.

irhact

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Quote from: uneng on April 25, 2024, 02:28:42 PM

Some addicted gamblers learn with their mistakes and redeem the symptoms of addiction through psychological treatments, medicines or just through their willpower and focus on the objective of staying away from gambling. They are an inspiration for another gamblers facing the same problems, so they can also believe on themselves that the addiction can be reverted and a new life can be achieved. Probably everyone here have already seen those group therapies where many addicted people sit together in a circle once in a week sharing their personal experiences with everyone else.

I've seen positive feedbacks regards this kind of therapy, as it's helping many people to overcome addictive behaviors, besides the fact it's also a cheaper category of treatment, since it's done in group, instead of the traditional concept where there is therapist for each addicted individual. On the other hand, I can't say if there is a cure for addiction, or if it just enters in a 'hibernation' mode inside the unconscious of the individual...

Well, it depends on the individual, there are some people that are very stubborn or would I rather say foolish, they'll know that their gambling habit is getting out of control and when you try to help or correct them, they'll keep deaf ears or even try to make trouble but an individual who is sensible would seek solutions thereby going to a psychologist, or take treatment to help them get back in shape, I've even seen people that would even uninstall the gambling app they use just to help control addiction.

Asides gambling, going for therapy is a very good method of overcoming addiction, cause at that point you'll be able to discuss your problem and also get solutions as well, i think what every gambler who is an addict needs this therapy. Well a habit they say is easy to develop but hard to leave that's same things as an addiction, however this therapy might not work immediately but takes a gradual process to help individual get better.

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Quote from: AnonBitCoiner on April 25, 2024, 01:41:40 PM

I think an addictive gambler never learns even after losing all the money he has but wants to find another source of money to continue his gambling habit. Money management is just for a responsible person otherwise addictive people never do good deeds in their life and saving money is very hard for them.

Some addicted gamblers learn with their mistakes and redeem the symptoms of addiction through psychological treatments, medicines or just through their willpower and focus on the objective of staying away from gambling. They are an inspiration for another gamblers facing the same problems, so they can also believe on themselves that the addiction can be reverted and a new life can be achieved. Probably everyone here have already seen those group therapies where many addicted people sit together in a circle once in a week sharing their personal experiences with everyone else.

I've seen positive feedbacks regards this kind of therapy, as it's helping many people to overcome addictive behaviors, besides the fact it's also a cheaper category of treatment, since it's done in group, instead of the traditional concept where there is therapist for each addicted individual. On the other hand, I can't say if there is a cure for addiction, or if it just enters in a 'hibernation' mode inside the unconscious of the individual...

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Quote from: lombok on February 05, 2024, 02:15:47 AM

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

Not really too big a deal if you keep losing your funds when you gamble, the system is made to always drain you of your money anyway, to most of us it's just a matter of when, and not how. However, if you want to at least make sure that your money's worthwhile, meaning that it doesn't get caught up in the pockets of the casino before you even got a whiff of the cash, then you might wanna learn how to manage your gambling funds, with the easiest being learning how to min-max your losses via loss ratio-ing your stuff. Most of us here who have been able to crack the code to preserving our funds for a good amount of time set parameters for losing and winning that they follow religiously. You might wanna do that. And yeah, hold off on the all-ins.

P4ndoraBox

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Gambling is addictive, like drugs, alcool, and even screen time.

You can seek help with professionnals. It's not to be weak to seek help, it's a way to be a stronger self. Consult before you lose everything.

AnonBitCoiner

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Quote from: boyptc on April 17, 2024, 06:53:07 PM

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.

Management is not hard but if a person is responsible in carrying out all the necessary responsibilities of his family but if a person is a gambler then he will not think about family matters and money management but will continue his gambling to feel satisfied.

I think an addictive gambler never learns even after losing all the money he has but wants to find another source of money to continue his gambling habit. Money management is just for a responsible person otherwise addictive people never do good deeds in their life and saving money is very hard for them.

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Quote from: Samlucky O on April 25, 2024, 12:06:21 AM

Quote from: boyptc on April 15, 2024, 12:53:10 PM

Quote from: Zanab247 on April 15, 2024, 12:43:40 PM

Quote from: Apocollapse

First, when you receive your monthly salary, only use 1%-10% or any amount you can afford to lose for gambling.

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.

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.

You dont have to worry yourself about any amount each person decides to use in gambling. You know most people have lesser responsibility and have a higher paying job that can sustain them in feeding, savings and other things. Using 1-%10 may not be a big deal. a person receiving $1000 in a month might decide to use %10 of it, which is $100 for gambling a month. he may decide to split it into 4 places like $25 every week multiply by 4weeks. If the %25 alocation of each week is exhausted, he must wait till next week to continue with another %25 till he completes the %100 percent in a month, that will help him regulate his gambling management.

When we consider our financial capacity and family responsibilities, we may have to consider the amount we spend on gambling and the time as well given to it, these are what will determine how committed we are into gambling together with the nature of our work, we need to put in all efforts to make sure that we are able to make every necessary planning that will give the best and effective gambling management we desire to see and experience with each time we are gambling.

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Quote from: lombok on February 05, 2024, 02:15:47 AM

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

I think I understand what you are talking about. If you sometimes lose all your money and get into trouble because of it, then this is not a good sign.
I would recommend taking the amount of money that you can afford to use, the money that you can afford to lose, and dividing it into, for example, 10 parts or 20 parts, depending on the amount you get. And place one bet on no more than one part. This way you will have several bets, some of which will work, and those that don’t will not cause you problems. Also, take a break when you have failed several times, this is important, because emotions can make even more mistakes. It is very important to use only money that you can easily part with, this is probably the most important advice from me

khiholangkang

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Quote from: Beparanf on April 25, 2024, 11:58:22 AM

Quote from: Samlucky O on April 25, 2024, 12:06:21 AM

You dont have to worry yourself about any amount each person decides to use in gambling. You know most people have lesser responsibility and have a higher paying job that can sustain them in feeding, savings and other things. Using 1-%10 may not be a big deal. a person receiving $1000 in a month might decide to use %10 of it, which is $100 for gambling a month. he may decide to split it into 4 places like $25 every week multiply by 4weeks. If the %25 alocation of each week is exhausted, he must wait till next week to continue with another %25 till he completes the %100 percent in a month, that will help him regulate his gambling management.

Yeah right, I usually dedicate more percentage of my salary on my gambling if I don’t have any plans to do a big purchase for the month while I decrease my gambling allocation when I have expected huge expenses upcoming for the month.

The percentage figure depends on the liabilities of the person that consume most of his salary. On my case I don’t have much fixed expenses monthly while I only spend my salary on my own so I literally can do whatever I want to my salary without considering the percentage but I choose to set limit just for my safety.

Having savings and insurance are helpful for future expenses instead of using the majority of salary on gambling. Cheesy

I think you are a person who can see the future well and can calculate how your financial risks in the future, so the percentage of the gambling budget can increase and decrease depending on how you see your future, that's good friend.

The two strategies described here although they look the same but have different ways of working because both have set limits for each step taken in financial budgeting for gambling, I think this is much better than people who do not do financial management for their gambling activities it is like going to be like the OP experienced at the beginning of the OP has not felt the impact.

Beparanf

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Quote from: Samlucky O on April 25, 2024, 12:06:21 AM

You dont have to worry yourself about any amount each person decides to use in gambling. You know most people have lesser responsibility and have a higher paying job that can sustain them in feeding, savings and other things. Using 1-%10 may not be a big deal. a person receiving $1000 in a month might decide to use %10 of it, which is $100 for gambling a month. he may decide to split it into 4 places like $25 every week multiply by 4weeks. If the %25 alocation of each week is exhausted, he must wait till next week to continue with another %25 till he completes the %100 percent in a month, that will help him regulate his gambling management.

Yeah right, I usually dedicate more percentage of my salary on my gambling if I don’t have any plans to do a big purchase for the month while I decrease my gambling allocation when I have expected huge expenses upcoming for the month.

The percentage figure depends on the liabilities of the person that consume most of his salary. On my case I don’t have much fixed expenses monthly while I only spend my salary on my own so I literally can do whatever I want to my salary without considering the percentage but I choose to set limit just for my safety.

Having savings and insurance are helpful for future expenses instead of using the majority of salary on gambling. Cheesy

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Quote from: nara1892 on April 23, 2024, 02:10:55 PM

But it is clear that these actions will only be carried out by those gamblers who come with the intention of making a profit whose gambling involvement is not based on a proper understanding regarding gambling, because I am sure that if they are responsible gamblers in the sense that they have the correct understanding and If they know about the risks involved in gambling, they will definitely prefer to cash out rather than continue playing. On the other hand, I like your confession here, it's no problem to always be open, friend, because if you are open, maybe there will be some people here who will provide a solution that suits what you need and from me the point is that you have to be really aware that Gambling is risky and no matter if you are winning, the possibility of losing is still a certainty, therefore it is better to take advantage of the time to cash out as soon as possible before it is too late and you regret it.

Well, personally I have always said something, a person who is focused on doing things more towards emotions can suffer many disappointments, but I believe that everything is in control of everything, for us to be able to have a good attitude towards casinos is to be positive, Of course, positivity should not be confused with being triumphalist, it is good that we believe that we can have some victories in the casino, but basically when it comes to doing something better we must focus more on our own benefit, which is money, that is, if I have a lot of money, I still have to allocate little money to play, because if I put a lot of money I am going to lose it, and most likely the sense of emotions is something that I cannot stop, that is why I have often said that the best thing is control money before emotions, and above all what you say is very true, possibilities are not really a certainty+

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Quote from: boyptc on April 15, 2024, 12:53:10 PM

Quote from: Zanab247 on April 15, 2024, 12:43:40 PM

Quote from: Apocollapse

First, when you receive your monthly salary, only use 1%-10% or any amount you can afford to lose for gambling.

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.

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.

You dont have to worry yourself about any amount each person decides to use in gambling. You know most people have lesser responsibility and have a higher paying job that can sustain them in feeding, savings and other things. Using 1-%10 may not be a big deal. a person receiving $1000 in a month might decide to use %10 of it, which is $100 for gambling a month. he may decide to split it into 4 places like $25 every week multiply by 4weeks. If the %25 alocation of each week is exhausted, he must wait till next week to continue with another %25 till he completes the %100 percent in a month, that will help him regulate his gambling management.

Topic: Gambling Management - page 8. (Read 3868 times)