Having a regular/steady income is important as a gambler. - page 12.

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Quote from: Richbased on January 28, 2024, 10:44:44 AM

Gambling though is a risky game that the chances of winning and losing is in equilibrium but however in other for one to have a possibility of winning, it requires a steady income.

Having a steady and regular income is very important as a gambler because it would enable you to scrap out money you should use for gambling, feeding, taking care of yourself and family and other miscellaneous.

A gambler who has a steady and regular income can have the possibility of winning because his gambling habit can not affect his personal obligations as a man even if he's an addict because being addicted to gambling doesn't actually implies that one will eventually stake all his money on bets but rather someone who plays gambling frequently. By having a steady income, he can take care of other life responsibilities without being affected by his gambling activities and moreover, someone who have a stable income can be aiming to win higher amount in his bets and might be lucky of winning one day and use the money to establish an investment.

Your thoughts on this

You are completely right and I agree with you, since gambling is something that is not done for free, as it requires money to engage in it, we can never over emphasize on the importance of having a steady source of income that is dependable not to fail, such type of source of income mostly Is in the area of one having his or her own business that is generating income for him or her, or one working a salary job that is OK (but personally, I would still prefer business since it makes you your own boss, and you don't have to wait till month ending to earn money).

Though not in real sense comparable, but in terms of the importance of having a regular income, gambling is like investing in crypto, and on this, I would point out that there is nothing as frustrating as investing in crypto while not having a good source of income as a backup, you discover that at the slightest issue that arises, you end up selling your investment even at a loss, just to have the funds to sort that issue out, I've once in my life been there, so I know what I am talking about Grin

.

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Quote from: asyakashi on February 01, 2024, 10:55:26 AM

being too self-confident might be bad, you should be more careful, even if you already have a steady income so as not to ignore the dangers of gambling, maybe now we are comfortable gambling with discipline, sometimes the temptation to gamble cannot be avoided when we are emotional, stay careful

Some slips that you've mentioned can happen to a gambler but as a responsible one, you will remember that times like those might come to you. And if you're caught off guard with that, you know the consequences that you're going to face.

But the point of importance having a regular income is to help yourself recover easy. Because times like you've lost money and you can't just help yourself recovering it by gambling again, you can just simply step out and recover through your steady income.

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Quote from: borovichok on February 01, 2024, 10:00:08 AM

Most gamblers with steady incomes will not easily accumulate debts since they have the income to always service their urge to gamble. A gambler without a regular income might resort to begging, borrowing or selling properties just to gamble. And these gamblers will always say that life is for risk-takers and not the comfort seekers.

Even though gamblers have a fixed income, they also have to be able to manage their finances properly because if they can't control it, it will be very dangerous and it won't even be much different from gamblers who don't have a fixed income, they will end up going bankrupt and won't have any money in the end. although maybe that's the case, basically this problem is about how to manage and limit the budget because for me gamblers who don't have a fixed income or those who have a fixed income are both the same if they are addicted to gambling, they are still poor.

Many gamblers who have a fixed income are also in debt, so not those who have an income are completely free from debt, anyone who is addicted to gambling will be the same, so there is nothing different, what makes the difference is the way they manage their finances and limit their budget when gambling, because if they are gamblers who doesn't have a fixed income but is smart and consistently sets a budget, of course he won't be addicted to gambling. Likewise for gamblers who have a fixed income, they also have to learn about that.

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Quote from: lienfaye on January 31, 2024, 11:24:41 PM

This is one of the crucial thing in order to gamble without having issues on how you can sustain your gambling habit. The problem for some gamblers are, they are confident playing even they don't have job or a side hustle and just relying in gambling to double their money. Sometimes they even resorting to taking a loan just to gamble.

Hence, before deciding to gamble your money. Be responsible enough to look for a stable job to prioritize the needs of the family. This way you can also set a budget for your leisure.

being too self-confident might be bad, you should be more careful, even if you already have a steady income so as not to ignore the dangers of gambling, maybe now we are comfortable gambling with discipline, sometimes the temptation to gamble cannot be avoided when we are emotional, stay careful

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Quote from: Accardo on January 31, 2024, 07:11:07 PM

Quote from: Shishir99 on January 30, 2024, 10:52:55 AM

I have watched a short film like this where a person who was just a businessman slowly got interested in gambling and how ended up losing everything within a couple of months. No matter how wealthy a person is. If someone cannot control themself from gambling, it will end up ruining their entire career. It's better if you do not gamble at all. But, whoever already entered there, only a few percentage of people were able to quit gambling.

If you cannot quit gambling, be responsible. Make a target that you won't gamble today if you lose $20 in this session and you will end the session if you win $50 today. The amount could depends on how wealthy you are or how much is your gambling budget is.

Addiction knows no boundary, experts or professionals are vulnerable to it. Gamblers need to stay careful at all costs, not to fail. The income earners who get addicted along the line, will most likely end up facing a hard time with their businesses. It's one of the fastest means of crumbling a business. The gambler's productivity could be affected due to the addiction in him, which won't let him focus and do the right thing. So, if the player is lacking self-control, he's expected to stay away from gambling, unless he's ready to risk the focus he's got for his work or business. Such a bankroll management, as you mentioned, is quite good and would help the gambler to have extra funds to gamble another day, whenever he feels the urge to gamble. Although it could be hard to control, but it's better to start from somewhere.

I cannot emphasize how addiction, especially gambling, is indiscriminate. In my experience, professionals with everything under control spiral down. It's a stark reminder that we're all human and fallible. The kicker: admitting vulnerability is the first step to self-defense. As you noted, bankroll management is crucial. I've tried it and encouraged pals who like to flutter. Its about discipline and rainy-day cash. A well-planned start anywhere makes all the difference. It makes gambling a fun, manageable hobby. Fun gambling must be supported. Balance, right? Understanding when to stop, play, and manage resources. Good gambling advise and life philosophy. Self-control is about informed decisions, not deprivation.

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Quote from: chaser15 on January 31, 2024, 06:08:17 PM

I have to disagree with that mindset, buddy. Even if a person is well-financially stable, it doesn't mean they have the upper edge over those average gamblers in terms of not turning into a worse gambler because they have a better bankroll and can still afford to cover their spending outside gambling.

Without proper bankroll management, even how large the bankroll is, it will turn into a wrecked one. Let's just make it simple, anyone has the chance of always winning in the long run regardless of how financially stable they are as long as keeping themselves as disciplined and responsible gambler.

Well said. Gambling respects no one lol! Anyone can win or lose regardless of financial capacity. In other words, anyone can be lucky. However, it is always good to maintain financial discipline when you gamble to avoid financial ruin and this is where the importance of having a regular income lies. Gamblers with regular income can easily manage their bill and then gamble without running into impulsive gambling.

Most gamblers with steady incomes will not easily accumulate debts since they have the income to always service their urge to gamble. A gambler without a regular income might resort to begging, borrowing or selling properties just to gamble. And these gamblers will always say that life is for risk-takers and not the comfort seekers.

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Quote from: Accardo on January 31, 2024, 07:11:07 PM

Addiction knows no boundary, experts or professionals are vulnerable to it. Gamblers need to stay careful at all costs, not to fail. The income earners who get addicted along the line, will most likely end up facing a hard time with their businesses. It's one of the fastest means of crumbling a business. The gambler's productivity could be affected due to the addiction in him, which won't let him focus and do the right thing. So, if the player is lacking self-control, he's expected to stay away from gambling, unless he's ready to risk the focus he's got for his work or business. Such a bankroll management, as you mentioned, is quite good and would help the gambler to have extra funds to gamble another day, whenever he feels the urge to gamble. Although it could be hard to control, but it's better to start from somewhere.

I was not gambling addicted person. But I have lost too much (more than I could afford to lose) and I have promised myself not to gamble anymore. But It never happened because I had enough money for all the family expenses and I always used to gamble with some leftover money. But, things changed when I got my salary and gambled with it. Unfortunately, I have lost my full salary and I had almost nothing. Of course I had some savings, but we don't want to touch my savings just because of regular expenses. I had to fight with myself and started to be more responsible. If I have reponsbility like I have to feed my family members, I have topay their bills and everything, I have to stay away from gambling at any cost. Luckily, things changed for me.

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Quote from: |MINER| on January 31, 2024, 10:37:34 PM

Having a regular and steady income is very important for all kinds of people not just gambler. Like if anyone want to long term Bitcoin holding then he should also have study income otherwise he can't hold the strategy. And in case of gambling here the first rules is I think that gamble as much as he can afford to lose. So if anyone don't having a regular steady income then how he can afford the money for gambling so I also think it is a very important thing for a gambler also.

you provide a very subtle and easy understanding for anyone here to understand.
having a fixed income is mandatory because to bet we definitely need money whereas if a gambler doesn't have a fixed income how to generate a budget for gambling and of course he only relies on other people borrowing money from other friends and if a gambler is just unemployed and is still determined to gamble I'm sure they have the assumption that gambling is their job to make money.

and on the one hand, if a gambler has a job and has a steady income, when we make a loss, we won't have problem because we still have income that can cover the loss.
even though there are no rules like this in gambling, it is highly recommended for anyone that if they really want to be a gambler, it would be better to have job that can make money every month and if you don't have job, it would be better if you dont have to bet or avoid gambling to avoid something bad.

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Quote from: arjunmujay on February 01, 2024, 02:44:41 AM

Quote from: lienfaye on January 31, 2024, 11:24:41 PM

This is one of the crucial thing in order to gamble without having issues on how you can sustain your gambling habit. The problem for some gamblers are, they are confident playing even they don't have job or a side hustle and just relying in gambling to double their money. Sometimes they even resorting to taking a loan just to gamble.

Hence, before deciding to gamble your money. Be responsible enough to look for a stable job to prioritize the needs of the family. This way you can also set a budget for your leisure.

It's human nature to only want what's good. just want to earn more money by gambling. Don't even think anymore about financial management for family needs. and usually in cases like this, they only depend on their gambling earnings and don't even work seriously to get better money or at least cover their losses.

What these type of persons have in common is that usually they are completely unreliable and most likely their families have already left them.When I used to work in a casino/sportbook many years ago these type of persons were staying there from morning to evening,they were lying to themselves that they were going to be rich as they thought of themselves as experts.Unfortunately in the end people did pity them as they were a failure in life.That is why is super important to have a job to live a good life.

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Quote from: lienfaye on January 31, 2024, 11:24:41 PM

This is one of the crucial thing in order to gamble without having issues on how you can sustain your gambling habit. The problem for some gamblers are, they are confident playing even they don't have job or a side hustle and just relying in gambling to double their money. Sometimes they even resorting to taking a loan just to gamble.

Hence, before deciding to gamble your money. Be responsible enough to look for a stable job to prioritize the needs of the family. This way you can also set a budget for your leisure.

It's human nature to only want what's good. just want to earn more money by gambling. Don't even think anymore about financial management for family needs. and usually in cases like this, they only depend on their gambling earnings and don't even work seriously to get better money or at least cover their losses.

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This is one of the crucial thing in order to gamble without having issues on how you can sustain your gambling habit. The problem for some gamblers are, they are confident playing even they don't have job or a side hustle and just relying in gambling to double their money. Sometimes they even resorting to taking a loan just to gamble.

Hence, before deciding to gamble your money. Be responsible enough to look for a stable job to prioritize the needs of the family. This way you can also set a budget for your leisure.

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Quote from: kojektea on January 28, 2024, 10:51:56 AM

as long as he gambles within safe limits it will be fine, and everything will go on as usual, but there are times when we get carried away with gambling and spend more money than we can afford, let's just say he spent his entire salary, maybe the impact It's only temporary, but if you go too far and gamble by borrowing capital from the bank, it's beyond safe, what we think is good may not necessarily be the case in the future.

If you deposit any amount in gambling, chances of getting profit from it are very low so if a gambler does not have any regular outside income like job, business etc then he should not gamble. If someone takes to gambling without having a regular source of income, then he will definitely be in danger and will not hesitate to take a loan to continue gambling. Gambling is a very bad thing. Therefore, the possibility of gaining more than loss in his life is very less if he falls under its deep addiction

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Having a regular and steady income is very important for all kinds of people not just gambler. Like if anyone want to long term Bitcoin holding then he should also have study income otherwise he can't hold the strategy. And in case of gambling here the first rules is I think that gamble as much as he can afford to lose. So if anyone don't having a regular steady income then how he can afford the money for gambling so I also think it is a very important thing for a gambler also.

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Quote from: FinePoine0 on January 31, 2024, 06:13:08 PM

I always try to gamble and gamble on Fridays. But new situation I have faced gambling loss but now currently face loss but little profit remains. But I didn't win enough to change my luck, because I invested a small amount of money in gambling so that I could participate in gambling for a long time little by little. I know that whenever I invest big money in gambling, I will be more likely to lose, because I am currently not very experienced in gambling. But I have the desire I certainly have the possibility of being established from gambling.

If you feel that investing a lot of money will cause you to lose, you should not use a lot of money to gamble. After all, you are not chasing victory and just want to enjoy gambling. So you only need to use a little money to gamble in your spare time.

If you use a lot of money, it can cause you to lose. We will feel that we still have money so we will continue gambling. Meanwhile, we don't realize that we have lost a lot. That will trigger our emotions to play gambling longer.

But you shouldn't gamble too often if you don't have an income. This could cause your finances to be impacted and could cost you the money you have. You should focus on your work to make money rather than gambling. One day, you will be lucky and win the gambling game.

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Quote from: Shishir99 on January 30, 2024, 10:52:55 AM

I have watched a short film like this where a person who was just a businessman slowly got interested in gambling and how ended up losing everything within a couple of months. No matter how wealthy a person is. If someone cannot control themself from gambling, it will end up ruining their entire career. It's better if you do not gamble at all. But, whoever already entered there, only a few percentage of people were able to quit gambling.

If you cannot quit gambling, be responsible. Make a target that you won't gamble today if you lose $20 in this session and you will end the session if you win $50 today. The amount could depends on how wealthy you are or how much is your gambling budget is.

Addiction knows no boundary, experts or professionals are vulnerable to it. Gamblers need to stay careful at all costs, not to fail. The income earners who get addicted along the line, will most likely end up facing a hard time with their businesses. It's one of the fastest means of crumbling a business. The gambler's productivity could be affected due to the addiction in him, which won't let him focus and do the right thing. So, if the player is lacking self-control, he's expected to stay away from gambling, unless he's ready to risk the focus he's got for his work or business. Such a bankroll management, as you mentioned, is quite good and would help the gambler to have extra funds to gamble another day, whenever he feels the urge to gamble. Although it could be hard to control, but it's better to start from somewhere.

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Quote from: Richbased on January 28, 2024, 10:44:44 AM

Having a steady and regular income is very important as a gambler because it would enable you to scrap out money you should use for gambling, feeding, taking care of yourself and family and other miscellaneous.

To cover our spending on gambling, it's very important obviously to have a source of income. Not just a simple source of income, but a stable income-generating way. Gambling can change anyone's emotions during the process and the person involved has a great chance to spend more money.

The important thing there however is, that even with a stable source of income, if the person reaches the level of addiction where they won't able to control their temptation of gambling anymore, they will end up the same as those without a stable source of income.

I just wondered, some gamblers gambled a lot but had no source of income.

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Quote from: Richbased on January 28, 2024, 10:44:44 AM

Gambling though is a risky game that the chances of winning and losing is in equilibrium but however in other for one to have a possibility of winning, it requires a steady income.

Having a steady and regular income is very important as a gambler because it would enable you to scrap out money you should use for gambling, feeding, taking care of yourself and family and other miscellaneous.

I always try to gamble and gamble on Fridays. But new situation I have faced gambling loss but now currently face loss but little profit remains. But I didn't win enough to change my luck, because I invested a small amount of money in gambling so that I could participate in gambling for a long time little by little. I know that whenever I invest big money in gambling, I will be more likely to lose, because I am currently not very experienced in gambling. But I have the desire I certainly have the possibility of being established from gambling.

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Quote from: Richbased on January 28, 2024, 10:44:44 AM

Gambling though is a risky game that the chances of winning and losing is in equilibrium but however in other for one to have a possibility of winning, it requires a steady income.

Having a steady and regular income is very important as a gambler because it would enable you to scrap out money you should use for gambling, feeding, taking care of yourself and family and other miscellaneous.

A gambler who has a steady and regular income can have the possibility of winning because his gambling habit can not affect his personal obligations as a man even if he's an addict because being addicted to gambling doesn't actually implies that one will eventually stake all his money on bets but rather someone who plays gambling frequently. By having a steady income, he can take care of other life responsibilities without being affected by his gambling activities and moreover, someone who have a stable income can be aiming to win higher amount in his bets and might be lucky of winning one day and use the money to establish an investment.

Your thoughts on this

One I like to let people know concerning gambling is that, gambling is not something that you will rely or depend on, because I know quite well that if you depend on gambling it will fail you, gambling money is not something that come frequently and is a game of luck and their is possible that you may win gambling today and throughout the month time you will not win again and something it happens continuouslyike one year breaks before you will win gambling, so many people who thinks gambling is a game that happens to give a steady money, its lies, gambling if you depend on it, it may disappoint you to the fullness

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Quote from: Richbased on January 28, 2024, 10:44:44 AM

A gambler who has a steady and regular income can have the possibility of winning because his gambling habit can not affect his personal obligations as a man even if he's an addict because being addicted to gambling doesn't actually implies that one will eventually stake all his money on bets but rather someone who plays gambling frequently. By having a steady income, he can take care of other life responsibilities without being affected by his gambling activities and moreover, someone who have a stable income can be aiming to win higher amount in his bets and might be lucky of winning one day and use the money to establish an investment.

I have to disagree with that mindset, buddy. Even if a person is well-financially stable, it doesn't mean they have the upper edge over those average gamblers in terms of not turning into a worse gambler because they have a better bankroll and can still afford to cover their spending outside gambling.

Without proper bankroll management, even how large the bankroll is, it will turn into a wrecked one. Let's just make it simple, anyone has the chance of always winning in the long run regardless of how financially stable they are as long as keeping themselves as disciplined and responsible gambler.

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The main question to consider is whether individuals without a stable source of income are capable of funding their gambling habits. It seems unlikely that they would have the financial means to do so. Engaging in gambling activities typically requires a certain amount of initial capital. Unless the individual has assets they can sell or unsuspecting friends who are willing to lend them money, they are unlikely to be able to afford it.

Topic: Having a regular/steady income is important as a gambler. - page 12. (Read 2807 times)