How do you know when to stop? - page 12.

PokerFace3

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If you are addicted to gambling then I am afraid you will not know when to stop you will just keep gambling until you will lose all of your savings.
Well in gambling I set a limit like I will bet 10$ and I will stop once I get 20$ from it and If I lose I will never deposit again 10$ to win that lost amount of money back. You should know that gambling doesn't give you anything instead of loss.

But they eventually stop when they become bankrupt and so it isn't that they don't know when to stop but they just can't stop because they are motivated by flimsy excuses that they are going to turn in profit somehow and this deception gets them into a worse state..

That is a worst ending, stopping when your bankrupt will lead to ruining your life, gambling is fun but spending all your money to it is like making a suicide. Fun and money always come together and that is the reason why we are gambling but if we don't get both then we should consider quitting since gambling is definitely not for you.

Because there are some people that uses gambling to earn a living without even notice that they actually losing it. They treat this a job more than for fun that's why they're always eager to win and sometimes even they knew they losing they still roll the dice and in the end instead of having some money and call it a day they still go for it until their pocket is empty.

It is not like they don't notice, it is just that they just have this huge feelings that luck will always stay there beside them to win.

Well, I have heard of some people who have always had some luck one way or the other, but it seems to me as a rare thing that not everyone gets that chance. However, it is all just about self control and having a decision that no matter what, I just have to stop after I either hit this or lose this.

Yes, it is all about the inner vibes one could feel when he has decided to give up on gambling or to continue with it. There are a lot many people outside who are lucky enough to get the profits again and again and not losing much.

I think such sort of people must not quit in any sense and keep on saving bucks for future use or business purposes. The best answer to this question that when to stop is that you must stop when you are at risk.

JL421

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Quote from: Frost on June 11, 2016, 05:26:44 AM

When do you stop? Do you have a daily limit or something?

First of all you have to formulate a bankroll management plan that includes the risk exposure of the proposition, variation tolerances, bankroll budget, and perceived collateral expenses. From that information you allocate a percentage of your total bankroll to the daily bankroll to fund your venture for that specific session ---> you quit when you either relinquished your daily budget, or increased your daily budget by the percentages calculated above. Rinse and repeat (for (rinse =0, rinse<1, rinse++))

This is just a pretty well informed way of bankroll management strategy. Just like what iznortboze said in one of his blogs regarding tips on how not to bust in the long run.

you need to be careful while investing there is a chance that you get scammed but keep an eye on the profit status of the site regularly and if the site is not transperant about it's operations remove your investments right away from it to stop further loss

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Quote from: BitcoinIsAlgebraic on November 05, 2017, 05:47:32 AM

I set myself weekly limits. I used to gamble every day but have since limited it to the weekends only and only a certain amount. If I walk away with a profit I still don't go beyond my limit.

And what's the limit of winning you have set? what's your limit in losing too? This seems to be a problem when it comes to limiting ourselves in gambling, there will be times that we will struggle to find the most decent amount of winning to runaway for that moment. But profit is still profit no matter what will be the limit you are setting you should be contented on that in any manner when you think you're not on your luck.

elskerlinn

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That is actually pretty good advise, i usually load whatever i can spare to play into where i'm playing, in stead of just loading a small amount.
Many times i spend it too quickly cause i bet too high to start with, and i end up wanting to play more but without any fuds.

The next time I'm playing, i'll try with a smaller deposit ammount and not too look too much at the balance.
Then set a withdrawal limit, and go again if i make it.

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Quote from: chris200x9 on November 04, 2017, 10:02:11 PM

Quote from: PagSure on November 02, 2017, 08:24:11 AM

Quote from: VieleSind on November 01, 2017, 01:42:25 PM

When you lost everything - you`ll automatically stop playing

I think you will end up broke if you will keep doing that attitude. You have to set yourself limit and don’t wait to lose all you habe and then stop. Gambling is only for entertainment.

But if you deposit the money which you can afford to lose that money for that day then what OP said may be okay. But if you load a lot of money into your gambling site and want to follow this method then one may lose all their money soon or later. I also usually deposit a small amount and never look at the bankroll while playing just enjoy my game and stop if I lose that money or board of that game.

It's not advisable to load a lot of money into your gambling account because as soon as you do that, it means that you are ready to lose that money in the first place, the wise thing to do is to load the amount only when you are going to use it to bet and not load all that money.

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Quote from: Gheka on November 05, 2017, 10:42:35 AM

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Quote from: thesosorr on November 05, 2017, 08:12:11 AM

I am stop when my profit target has been achieved. Because, i think getting profit 8% per day from gambling isn't difficult thing to implement. I am grateful, now this strategy can run 1 month and have cashout all my profits. But before, I often failed because always wanted more.

agree, setting a target is a good way to secure a profit, but when the patience expires and greed takes over and we affected by emotion that's when things gonna be bad, sometimes we need sacrifice our target to prevent more losses.

Well, I think we should not just set profit goals but we also need to set goals for losses, because gambling is just a game based on luck is mainly, we can not be sure that every day we are lucky and profitable, if we are sure of this, I think casinos will soon bankrupt. However, I also agree with you that set goals will soon expire, we will gradually become greedy and emotions will control our actions, the result is we will exceed the goals set and lose more money. Personally, I always set limits for myself, I only play gambling once a month with the amount of money that I think I can afford to lose, that made me not gamble too much, limiting greed became stronger

True, we have to set the lose limit as well since we could lose everything that we already gain just because we keep gambling while already lost certain amount of money. Familiarize ourself to always stop when we hit such limit.

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Quote from: vv181 on November 05, 2017, 09:24:11 AM

Quote from: thesosorr on November 05, 2017, 08:12:11 AM

I am stop when my profit target has been achieved. Because, i think getting profit 8% per day from gambling isn't difficult thing to implement. I am grateful, now this strategy can run 1 month and have cashout all my profits. But before, I often failed because always wanted more.

agree, setting a target is a good way to secure a profit, but when the patience expires and greed takes over and we affected by emotion that's when things gonna be bad, sometimes we need sacrifice our target to prevent more losses.

Well, I think we should not just set profit goals but we also need to set goals for losses, because gambling is just a game based on luck is mainly, we can not be sure that every day we are lucky and profitable, if we are sure of this, I think casinos will soon bankrupt. However, I also agree with you that set goals will soon expire, we will gradually become greedy and emotions will control our actions, the result is we will exceed the goals set and lose more money. Personally, I always set limits for myself, I only play gambling once a month with the amount of money that I think I can afford to lose, that made me not gamble too much, limiting greed became stronger

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Quote from: thesosorr on November 05, 2017, 08:12:11 AM

I am stop when my profit target has been achieved. Because, i think getting profit 8% per day from gambling isn't difficult thing to implement. I am grateful, now this strategy can run 1 month and have cashout all my profits. But before, I often failed because always wanted more.

8 % per day is really high if you keep doing like that Im sure you could be rich in no time but we dont know if you are going to be lucky all the time or not. Sometimes we wont be lucky that is why it is better not to make that kind of limit. You will fail most of the time trying to get back what you lose in the end because we cant win in gambling

Juliedarwin

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Quote from: Frost on June 11, 2016, 05:26:44 AM

When do you stop? Do you have a daily limit or something?

Limitations to cash out money to play on gambling. When to stop, is do not move when you are not get on plan have a strategy to get win or loss the money from the daily needs of financial. Because something went wrong before you got worried.

vv181

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Quote from: thesosorr on November 05, 2017, 08:12:11 AM

I am stop when my profit target has been achieved. Because, i think getting profit 8% per day from gambling isn't difficult thing to implement. I am grateful, now this strategy can run 1 month and have cashout all my profits. But before, I often failed because always wanted more.

agree, setting a target is a good way to secure a profit, but when the patience expires and greed takes over and we affected by emotion that's when things gonna be bad, sometimes we need sacrifice our target to prevent more losses.

blckhawk

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Quote from: Frost on June 11, 2016, 05:26:44 AM

When do you stop? Do you have a daily limit or something?

I think I play gambling for just 2 months and after that I stop to earn upon it because I realize that there's a small possibility for me to win or maybe it is impossible to win here. I've already stopped playing inorder to prevent myself to be get addicted in gambling.

thesosorr

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I am stop when my profit target has been achieved. Because, i think getting profit 8% per day from gambling isn't difficult thing to implement. I am grateful, now this strategy can run 1 month and have cashout all my profits. But before, I often failed because always wanted more.

Manchumichael

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Quote from: BitcoinIsAlgebraic on November 05, 2017, 05:47:32 AM

I set myself weekly limits. I used to gamble every day but have since limited it to the weekends only and only a certain amount. If I walk away with a profit I still don't go beyond my limit.

Well planned making limit can control our over money flow in gambling. But many people do not follow this method, but you are following it's good. I also limit my money while playing gambling but I am not a regular gambler.

BitcoinIsAlgebraic

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I set myself weekly limits. I used to gamble every day but have since limited it to the weekends only and only a certain amount. If I walk away with a profit I still don't go beyond my limit.

sheilasekarbumi

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I think the right moment to stop is the moment you want to bet so much . You could stop it right now or you will be regret soon cause there is nothing left for you. How bad you want to bet the right away you have to stop your gambling.

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Quote from: ethereumhunter on November 04, 2017, 10:23:36 PM

Quote from: chris200x9 on November 04, 2017, 10:02:11 PM

Quote from: PagSure on November 02, 2017, 08:24:11 AM

Quote from: VieleSind on November 01, 2017, 01:42:25 PM

When you lost everything - you`ll automatically stop playing

I think you will end up broke if you will keep doing that attitude. You have to set yourself limit and don’t wait to lose all you habe and then stop. Gambling is only for entertainment.

But if you deposit the money which you can afford to lose that money for that day then what OP said may be okay. But if you load a lot of money into your gambling site and want to follow this method then one may lose all their money soon or later. I also usually deposit a small amount and never look at the bankroll while playing just enjoy my game and stop if I lose that money or board of that game.

i don't think that if we load a lot of money will help us to try to win the games because its still too risky to do that and we don't know if that site will continue to operate. its better to use some amount to playing gambling and not to deposit over and over because i think we can use medium amount like $100 to playing gambling and from that amount, we can trying to increase the amount.

Bankroll size wont really matter on playing gambling because no matter how big it is if luck isnt on your side those amounts will be easily wiped out in a short period of time which would really lead up on frustrations and stress this is why its always being suggested that dont play on the amounts that you can afford to lose up. consider those funds deposited are gone once they are on the gambling site already.

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Quote from: chris200x9 on November 04, 2017, 10:02:11 PM

Quote from: PagSure on November 02, 2017, 08:24:11 AM

Quote from: VieleSind on November 01, 2017, 01:42:25 PM

When you lost everything - you`ll automatically stop playing

I think you will end up broke if you will keep doing that attitude. You have to set yourself limit and don’t wait to lose all you habe and then stop. Gambling is only for entertainment.

But if you deposit the money which you can afford to lose that money for that day then what OP said may be okay. But if you load a lot of money into your gambling site and want to follow this method then one may lose all their money soon or later. I also usually deposit a small amount and never look at the bankroll while playing just enjoy my game and stop if I lose that money or board of that game.

i don't think that if we load a lot of money will help us to try to win the games because its still too risky to do that and we don't know if that site will continue to operate. its better to use some amount to playing gambling and not to deposit over and over because i think we can use medium amount like $100 to playing gambling and from that amount, we can trying to increase the amount.

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Quote from: PagSure on November 02, 2017, 08:24:11 AM

Quote from: VieleSind on November 01, 2017, 01:42:25 PM

When you lost everything - you`ll automatically stop playing

I think you will end up broke if you will keep doing that attitude. You have to set yourself limit and don’t wait to lose all you habe and then stop. Gambling is only for entertainment.

But if you deposit the money which you can afford to lose that money for that day then what OP said may be okay. But if you load a lot of money into your gambling site and want to follow this method then one may lose all their money soon or later. I also usually deposit a small amount and never look at the bankroll while playing just enjoy my game and stop if I lose that money or board of that game.

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Make a plan when to stop so you will not end victim of greed. Setting a specific amount to spend for will really help you decide when to stop, when you think you hit your target profit then stop gambling and enjoy your profit. This is the best thing that you can do when you are gambling.

And if you don't hit your target profit and just keep on losing, better stop it or else you'll lose all your money. And I do agree with you. You should stop when you reach your target profit, don't be so greedy. Being greedy will let you lose your profit and everything you have.

Thats true mate,greediness is the main reason why some gamblers become so addicted on gambling. You should set a limit to your self when to stop. Discipline your self to stop when its time to stop. Just put in your mind that the money you are wasting is your hard earned money. Always remember that only gamble what you can afford to lose.

At first it will be greediness but some player come back because they want to keep playing. Not because we are greedy but we simply enjoy playing. That is all but we know when to stop playing especially when we already lose alot of money. Thats the difference between playing for fun and for profit, we dont really care about the result and we know when to stop

Yeah some players comes back because they want to have fun and want to be entertained specially those addicted one they don't look for money anymore the only thing they want is the satisfaction they can get when they gamble. Winning is just a bonus for them I think.

In gambling it is very important to put a limit prior to bet. limit what you can afford to loss and limit less when luck strike.. so know the situation and observe your gambling plan so that you will know when to stop.

And not just setting limit alone. One should learn how to walk away and probably start from scratch once that limit has been reached instead of trying to play more to try to see if there is a possibility of recovering it back. It gets messy that time. Plan ahead, have a target and stick to it just like you have said.

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Quote from: oHnK on November 01, 2017, 01:51:32 PM

Quote from: VieleSind on November 01, 2017, 01:42:25 PM

When you lost everything - you`ll automatically stop playing

Some people dont really stop laying after they have lose everything but they keep on playing again after they get some money. Some people dont really know what kind of mess that they are getting into that is why they are going to keep trying to win back what they have lose. While some people realized that it was the time for them to stop completely

That happens when you don’t have anything more to do with. Go for best possible thing in your life up to your capacity. What you have said, is right and well said. But don’t you thing before losing everything, you must know this is bad path and you must detract from it? I think it should be done in all aspects. You must follow best path that can help you to make your life.

Topic: How do you know when to stop? - page 12. (Read 37999 times)