How to restrain yourself at a small loss and not spend money.

Viscore

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Quote from: deisik on December 04, 2019, 12:25:58 PM

If you ask me, this is the right way to handle your losses in case you are actually going to chase them. In other words, martingale is the way to deal with your emotions as you come prepared for the losses (even though this approach doesn't guarantee you won't bust later, of course)

Martingale is not best for me because I long for big win and want to play longer, with martingale, I could wipe my bankroll if I am not too lucky and if I win, I will just win a small amount, not satisfying at all. Everyone have their experience on this method for sure but for me its not working anymore, and one thing I learn is never chase your loses in a fast manner, its not wise.

deisik

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Quote from: EdenHazard on November 16, 2019, 02:42:32 PM

There's bigger chance for you to busted everything instead recover everything. It's hard to leave once you've get in gambling... it's hard to refuse to continue playing after you have lost even small amount of money only , not sure if you can handle the emotions, the desire in gambling people mostly lured by the quick profit process but ignored the high risk behind it

Martingale plays this urge to perfection

You make a roll, and you expectedly lose. Well, maybe after a couple of rolls, or even a dozen, it doesn't really matter (you get the point). Then you double or even triple your last bet so as not only to recover what you lost at a previous roll (a series of rolls) but also earn something above that

If you ask me, this is the right way to handle your losses in case you are actually going to chase them. In other words, martingale is the way to deal with your emotions as you come prepared for the losses (even though this approach doesn't guarantee you won't bust later, of course)

btc78

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Quote from: bitcoinst on November 17, 2019, 11:57:57 AM

I believe that many factors play into the hand. First of all, it’s not really greed, it’s more like excitement, and the desire to win back which is very much associated with losses.
The fact is that when we win, we get a feeling of invincibility, omnipotence, luck on our side, we forget about math.
We begin to lose control of our own emotions, continuing to play and ultimately losing everything, because you cannot win against the casino.
Therefore, you need to set clear goals and clear boundaries before each gambling.

at many points you are right and actually those are valid points on why many fails in gambling ,but let us not forget that sometimes greed is always part of these failures because not all time its the feeling of luck and invincibility when we are winning.

there are some part of us whos looking for many wins not only because we are lucky but because it was the demand of our mind and emotion so its more like combination of all you said and greed also.

AicecreaME

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Quote from: Best Dreams on November 17, 2019, 04:04:36 PM

Quote from: ethereumhunter on November 17, 2019, 07:46:00 AM

Quote from: MonsterV on November 17, 2019, 05:05:59 AM

Is this difficult? no, you just have to manage your emotions and gambling.v

To manage the emotions and gambling is very hard, and only a few gamblers who can do that. Once we involve in gambling, there is a hunger to make us satisfied with winning, which it's not too big to get it. The most gambler will lose because they cannot manage the emotions, and that is the big mistake that gamblers did in gambling. Without having good control for themselves, they only lose their money slowly, and they will not realize how much money they lose.

So those who lose control over their emotions and gamble will surely make lose so when you think about starting gambling just make sure that you are having high amount of knowledge along with good mental control while gambling. When you once spend some money then take idea either you can win or not if you feel you are not having enough knowledge you should first learn then gamble again.

Having enough knowledge in a pure based luck game like DICE will not change the fact that you're going to lose so many times no matter how many time you tried it with different knowledge you have in your pocket, but if it's a strategic game like poker, you might have some good chance of winning if you're really good at it, but don't expect too much since the house edge wins always.

onrise

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Quote from: akmal1984 on November 17, 2019, 12:16:19 PM

Quote from: joshy23 on November 16, 2019, 01:06:36 PM

Gamblers who have a good mindsets can go and step out without hurting too much of their money, those who are careful and not being too emotional attach to gambling have a good views and able to stop once they are already satisfied either they win some or lose the point of getting the entertainment is the one that they are focus. Always make sure that you are in this kind of thinking and you always have good control of yourself when gambling to avoid bankruptcy.

You are right. Often gamblers lose control because their predictions are defeated by the system. This often makes people emotional and out of control. You know what the ending is like. They will definitely make more deposits with the aim to avenge their losses. And they play emotionally, it's like standing on the edge of a cliff.

With this attitude generally people tend to lose money a lot as they think it’s easy to make money or they will average out the money by playing more games and winning it but unfortunately it does not happen that way and people end up losing lot of money in the process which is like the sad part about it .

Best Dreams

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Quote from: ethereumhunter on November 17, 2019, 07:46:00 AM

Quote from: MonsterV on November 17, 2019, 05:05:59 AM

Is this difficult? no, you just have to manage your emotions and gambling.v

To manage the emotions and gambling is very hard, and only a few gamblers who can do that. Once we involve in gambling, there is a hunger to make us satisfied with winning, which it's not too big to get it. The most gambler will lose because they cannot manage the emotions, and that is the big mistake that gamblers did in gambling. Without having good control for themselves, they only lose their money slowly, and they will not realize how much money they lose.

So those who lose control over their emotions and gamble will surely make lose so when you think about starting gambling just make sure that you are having high amount of knowledge along with good mental control while gambling. When you once spend some money then take idea either you can win or not if you feel you are not having enough knowledge you should first learn then gamble again.

akmal1984

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Quote from: joshy23 on November 16, 2019, 01:06:36 PM

Gamblers who have a good mindsets can go and step out without hurting too much of their money, those who are careful and not being too emotional attach to gambling have a good views and able to stop once they are already satisfied either they win some or lose the point of getting the entertainment is the one that they are focus. Always make sure that you are in this kind of thinking and you always have good control of yourself when gambling to avoid bankruptcy.

You are right. Often gamblers lose control because their predictions are defeated by the system. This often makes people emotional and out of control. You know what the ending is like. They will definitely make more deposits with the aim to avenge their losses. And they play emotionally, it's like standing on the edge of a cliff.

iamsheikhadil

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Quote from: Maotezi on October 22, 2019, 06:53:52 AM

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

Yes, greed is the major reason obviously. However, the only way I can see this and the solution is to actually experience losses, experience consequences of them for a substantial amount of time to actually value and understand the weight of the risk of gambling.

Few years ago, I used to bet amount as high as 0.02 btc at risks like 3x or 5x and I knew I couldn't win in long run and still didn't stop.

Now, I have stopped even betting 0.0001 btc bet on 98% winning chance at the last moment and I believe this control I got only from my experiences.

bitcoinst

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I believe that many factors play into the hand. First of all, it’s not really greed, it’s more like excitement, and the desire to win back which is very much associated with losses.
The fact is that when we win, we get a feeling of invincibility, omnipotence, luck on our side, we forget about math.
We begin to lose control of our own emotions, continuing to play and ultimately losing everything, because you cannot win against the casino.
Therefore, you need to set clear goals and clear boundaries before each gambling.

Kevondo

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Quote from: doomistake on November 16, 2019, 01:10:48 PM

Quote from: 1982dre on November 14, 2019, 03:57:28 PM

I can advise every gambler to make a paper wallet and wd anytime a part of the winnings to it.

A wallet where you can lock funds for a X time should also be great but don't know if that exists.

What for? this will just make things more worst than ever, you cannot lock a person in prison without him thinking about escaping, same goes to the gamblers, if that wallet do exist, let's just say it does, even when they lock it up, they will think for another way to have extra cash for them to play gambling while they are waiting their funds to be unlock, doesn't change anything at all.

You have a point there, it is not the money but the gambler’s determination to play that is the root cause. Locking away amounts wont do any god at all. Actually, this can make gambler frustrated too by having money but unable to use it. He will go for borrowing from others. So the problem remain unsolved ultimately. The only way to restrain oneself is by understanding the dangers this activity has.

ethereumhunter

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Quote from: MonsterV on November 17, 2019, 05:05:59 AM

Is this difficult? no, you just have to manage your emotions and gambling.v

To manage the emotions and gambling is very hard, and only a few gamblers who can do that. Once we involve in gambling, there is a hunger to make us satisfied with winning, which it's not too big to get it. The most gambler will lose because they cannot manage the emotions, and that is the big mistake that gamblers did in gambling. Without having good control for themselves, they only lose their money slowly, and they will not realize how much money they lose.

MonsterV

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Quote from: EdenHazard on November 16, 2019, 02:42:32 PM

Quote from: onrise on November 15, 2019, 06:40:54 AM

~snipp

That's the beginning of disaster when you start to think recovering your losses in the past .. in the first try ...

There's bigger chance for you to busted everything instead recover everything. It's hard to leave once you've get in gambling... it's hard to refuse to continue playing after you have lost even small amount of money only , not sure if you can handle the emotions, the desire in gambling people mostly lured by the quick profit process but ignored the high risk behind it.

It is indeed difficult to break after a loss, therefore it is important to conduct management on our gambling. I don't care to use any strategy like martingale, parlay, etc. But I will try to be disciplined and stop when the profit or loss limit is reached that day, then play again tomorrow.

Is this difficult? no, you just have to manage your emotions and gambling.v

EdenHazard

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Quote from: onrise on November 15, 2019, 06:40:54 AM

Quote from: RivAngE on November 15, 2019, 03:32:26 AM

Quote from: imstillthebest on November 05, 2019, 06:29:21 PM

Quote from: logicgate on November 05, 2019, 05:46:38 PM

If a person lose his money at first try so it means thae he need to take break and think about to recover lose but keep one thing in mind this try should only be to recover your lose not to become greedy player who want to make money only. As much as possible gamblers should enjoy gambling than putting stress of winning on their mind and lose the remaining money as well so just control before its too late.

if you loss on first try then why try again on the second try ? if not then try again on the third try . if you still not hit it , that is the time to take a break to unwind but not to think about your losses . its hard to not get greedy while you are trying to get back what you loss . if your unlucky , you will end up lossing more .

Some people are doing the "second" and "third" try with double risk in order to quickly break even, that's catastrophic and it'll make it harder to stop later on.

This is like committing suicide because they would definitely have not recovered with first loss and playing more with double money means much risk now of losing the higher money and also coming back on road if they have lost huge money already in gambling.

That's the beginning of disaster when you start to think recovering your losses in the past .. in the first try ...

There's bigger chance for you to busted everything instead recover everything. It's hard to leave once you've get in gambling... it's hard to refuse to continue playing after you have lost even small amount of money only , not sure if you can handle the emotions, the desire in gambling people mostly lured by the quick profit process but ignored the high risk behind it.

doomistake

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Quote from: 1982dre on November 14, 2019, 03:57:28 PM

I can advise every gambler to make a paper wallet and wd anytime a part of the winnings to it.

A wallet where you can lock funds for a X time should also be great but don't know if that exists.

What for? this will just make things more worst than ever, you cannot lock a person in prison without him thinking about escaping, same goes to the gamblers, if that wallet do exist, let's just say it does, even when they lock it up, they will think for another way to have extra cash for them to play gambling while they are waiting their funds to be unlock, doesn't change anything at all.

joshy23

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Quote from: akmal1984 on November 16, 2019, 09:20:01 AM

Quote from: Maotezi on October 22, 2019, 06:53:52 AM

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

I always stop playing when I start losing. Usually I will start playing with small bets first. This is where I will see whether that day I will easily win or lose easily. I also will not try to win continuously when playing. This is very dangerous because the system of online gambling will definitely read our victory and turn it into a complete defeat. So my advice is to play with the smallest bet possible.You must be familiar with this. Because it's not easy. Often we feel excellence when we start winning. So don't be too confident because our opponent is a system.

Gamblers who have a good mindsets can go and step out without hurting too much of their money, those who are careful and not being too emotional attach to gambling have a good views and able to stop once they are already satisfied either they win some or lose the point of getting the entertainment is the one that they are focus. Always make sure that you are in this kind of thinking and you always have good control of yourself when gambling to avoid bankruptcy.

supercanada1

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Quote from: peter0425 on November 15, 2019, 09:26:01 AM

Quote from: leea-1334 on November 15, 2019, 08:44:37 AM

All of these suggestions are good but I think the only real way to prevent yourself from using funds you cannot and should not use is to have a trusted friend or family member monitor your wallet and income. I know it sounds stupid but me and my friends we sort of monitor each other, of course not to the point we control the money since none of us are gambling.

But if you have addiction. Ask your wife or husband or boyfriend to hold all your money. Trust me,,, this is the only way.

i can feel your point mate because we i have this before with my wife when i become addicted and it really help

but not all person can handle this because at some point we had a big arguing when doing this and almost come to the extent that we are ending for separation but good it didnt come.

so better to try this but if not functioning then stop before you turn from friends to enemy.

I seriously believe that family and friends should be kept away from gambling in all aspects. They should never ever get effected by your habit of playing this game and whenever you go to gamble, just think about them one and you wont play for sure. After getting into this game, it is an intellectual move to take help from the nearest ones as they would definitely help but the best is to not put yourself and them in such situations.

akmal1984

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Quote from: Maotezi on October 22, 2019, 06:53:52 AM

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

I always stop playing when I start losing. Usually I will start playing with small bets first. This is where I will see whether that day I will easily win or lose easily. I also will not try to win continuously when playing. This is very dangerous because the system of online gambling will definitely read our victory and turn it into a complete defeat. So my advice is to play with the smallest bet possible.You must be familiar with this. Because it's not easy. Often we feel excellence when we start winning. So don't be too confident because our opponent is a system.

btc78

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Quote from: lienfaye on November 15, 2019, 03:25:11 AM

Quote from: LogitechMouse on November 15, 2019, 01:26:50 AM

Self control is hard to obtain so the best thing to do in order to prevent from getting losses is to just not gamble at all Cheesy

.

Its the best solution really but sometimes we are tempted to play especially if we dont have other activities to enjoy with. Gambling is exciting plus the fact that you can earn money while enjoying the game makes us keep playing. But this is not the case if you're addicted or dont have self control, greed is the first reason why you keep playing its either to chase your losses or the eagerness to win.

unfortunately most gamblers ha no self control and we can find that in casino's and other gambling areas.

people are betting as if there is no tomorrow and after losing everything thats the only time regret will come and they will blame gambling instead of blaming their stupid greediness .

Faxmate

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Quote from: alisonwonder on November 14, 2019, 11:24:04 AM

Quote from: doomistake on November 14, 2019, 11:21:38 AM

Quote from: alisonwonder on November 14, 2019, 03:42:30 AM

Quote from: Blackdeath on November 14, 2019, 02:09:33 AM

Quote from: Maotezi on October 22, 2019, 06:53:52 AM

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

Based on my experienced, i restrain myself just to have a small lost and not spending more money is by limiting and bringing the only amount of money that i need to spend at the casino. By that it could help myself from being greedy and continue to play gambling all night at the casino.

indeed when we are in the game we will be difficult to control emotions and of course, the best way is limit the amount, or bring money that can afford to lose, so we do not spend all the money in one game.

Still, the point here is we are still going to lose all our money even we do this, for example, you have a $100 worth of tokens or fiat if you are playing in a actual casino, everyday you are just using $25 and after you lost it you will stop and try another day, you spent 4 days in gambling and still, luck is not on your side, you lost your $100 in 4 days. What we have to do is, not to gamble what we can afford to lose in a day, instead we have to distant ourselves in gambling once we've lost couple of times already, or we will lose all the money we have in a certain amount of time needed.

That is an example when you play casino, of course, it is difficult to get luck there, while in sports betting games in 4 days I will certainly get luck, because sports betting is still predictable.

Gamblers think that games like roulette, slots and dice are luck based but let me share a little secret with you. If not all then most of the houses are capable of manipulating the outcomes of these games. So nothing is actually pure luck in gambling. House is also an enemy at times. Sports bets are the best ones as no one can really manipulate outcomes. Though there is match fixing but it is different story.

Best Dreams

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Quote from: alisonwonder on November 14, 2019, 11:24:04 AM

Quote from: doomistake on November 14, 2019, 11:21:38 AM

Quote from: alisonwonder on November 14, 2019, 03:42:30 AM

Quote from: Blackdeath on November 14, 2019, 02:09:33 AM

Quote from: Maotezi on October 22, 2019, 06:53:52 AM

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

Based on my experienced, i restrain myself just to have a small lost and not spending more money is by limiting and bringing the only amount of money that i need to spend at the casino. By that it could help myself from being greedy and continue to play gambling all night at the casino.

indeed when we are in the game we will be difficult to control emotions and of course, the best way is limit the amount, or bring money that can afford to lose, so we do not spend all the money in one game.

Still, the point here is we are still going to lose all our money even we do this, for example, you have a $100 worth of tokens or fiat if you are playing in a actual casino, everyday you are just using $25 and after you lost it you will stop and try another day, you spent 4 days in gambling and still, luck is not on your side, you lost your $100 in 4 days. What we have to do is, not to gamble what we can afford to lose in a day, instead we have to distant ourselves in gambling once we've lost couple of times already, or we will lose all the money we have in a certain amount of time needed.

That is an example when you play casino, of course, it is difficult to get luck there, while in sports betting games in 4 days I will certainly get luck, because sports betting is still predictable.

Yes, it's sports betting that we feel easy but it’s not as easy as we consider it for betting we will have to make research and then gamble. Getting on different sports needs sports knowledge and information. When you realize that you are losing then you should stop gambling than being greedy and gambling continuously.

Topic: How to restrain yourself at a small loss and not spend money. (Read 2105 times)