Topic: How to restrain yourself at a small loss and not spend money. - page 5. (Read 2204 times)

But here's the catch. Time makes people mature.

If we take money away from kids so that they won't spend $1000 on a toy car, they may whine a bit. Let's say I won't give him that much money for the next 10 years, after that, if I give him $1000, would he spend the same amount on a toy car?

Time is flowing all the time. So the habit would never be constant, it will fade.

If we lock ourselves from gambling, we are not treating the gambling problem which you are correct at, but at the same time, I'm not gambling for a long time (even if that's forcefully) and it will instill a habit in me for not to gamble and after months, I just won't gamble and I don't even have to force myself to.

I very much agree with this.

Putting up obstacles might not help you instantly to fully restrain yourself in gambling but the more time you spend in something else, i.e. doing another hobby, you will realize that you don't need that obstacle anymore, instead you're going to free yourself on using that because you've found the thing that would benefit you in the long run, which you thought that was gambling, but sadly not.

There is this saying goes "Don't make a promise when you are happy and don't decide when you're mad or sad", meaning you don't have to shut yourself on a single thing, sometimes you opened the wrong door and forget to open the right one.

Along with greed, what is important is that one should know that no matter how much they win, they will not be happy. And even if they lose, they will continue to live life. So it's not like without that profit they want, they won't survive! That's a way I suppress my temptations to bet more.

Obviously it's because of greed. Human nature is based positive attitude and we always think it's our day. When we are earning light profits we try to go full repeatedly thinking that it's our day and then end up losing everything. Similarly if we face one or two losses we still remain optimistic. I think best is to merely go out with less money. Don't keep a lot of money in your gambling account. Whenever you win something try to withdraw it as soon as possible. This is the trick to restrain yourself.

This may work, for some time

But it doesn't solve the main issue, i.e. someone being reckless with their money. Yes, we can take money from children, and they won't be able to spend it on something stupid. But we expect them to grow up in due course and be responsible for their actions on their own. In this way, setting up obstacles that would prevent you from reckless spending is more like fighting with symptoms rather than the disease itself (read, you will lose this fight in the end)

I had a good idea to make this article good, but I don't have much time so I'm not achieving, I'm very sorry.

besides, I don't think it will help shutting down the internet, it will simply find a way to play more, stronger measures must be taken, primarily on a psychic basis.

Lol, I have tried these methods and they kinda fail when I'm like too tempted to make a bet. For me, bank fixed deposits work fine. One can set up auto debit from bank for bills so they will not be even able to touch those funds for gambling before they are debited for good reasons. Also saving money in fixed deposit works as it won't let you withdraw money you save.

That is a so-called cause and effect relationship. Basically, it affects everyone who's thinking "keep trying " and lose again...
Some people don't understand how gambling affects our mindset. Though we are into positive of winning and getting back our losses, it is also a reason why we always been like to gamble again and again. It is really difficult to step back and leave in gambling when in our minds still on the set and wants to risk again for a chance to win.

you can say that getting rid of gambling after falling to its addiction is a lot difficult than many of us can understand. Nothing is impossible but certain tasks are difficult to the level of impossible. A gambler can turn his back on to gambling anytime he likes to, it is just a matter of strong will. Majority lacks this and these are the people who eventually lose everything and live a painful life.

It's in fact mostly because they win. When you lose each time, you'll give up because you never win anything. You'll think it's just a losing game and move on. But when you win small gains from time to time, you'll go on.

I mostly agree that the self-help techniques are useless in case of real addiction

As people who could help themselves wouldn't become addicts in the first place. With that said, though, I can't agree that greed is at the root of the gambling addiction. Addiction works on a physiological level (think a knee-jerk reaction here) while greed is an entirely conscious phenomenon

If greed were indeed the cause of this kind of addiction, then losing enough would suffice to understand that you can't win, and thus you would soon stop gambling in pretty much the same way people quit trading after being disappointed by recurrent losses. But since this is not the case, greed cannot possibly make you into a gambling addict

I've found that when gambling and playing games of chance, the only way to preserve money and not play until all your money is gone, is to set a pre-determined LIMIT. If you just play until you are tired or run out of money then you will surely run out of it.

By setting a limit on how much you win / lose you are placing a limit on your greed, the thing most important in turning a profit in gambling.

Couple if ways if people want to avoid getting to be addicted and still want to gambling. It is that first just carry limited money in the wallets as this will help you to just lose minimum amount. Secondly gamble with family as this will put some restriction on you while gambling.

There's no techniques that will work once an individual do become addicted in gambling. Because the root cause of becoming an addicted gambler is greed. People wants easy money without undergoing hardwork to become more established and stable in life. They only think gambling can solve financial problems while the reality is It will not do good in the long run. I have seen several gamblers who became broke due to excessive bets and lost of self control in gambling.

What's the purpose of gambling?

Right, to get excitement and personal enjoyment which are the emotions we are looking after. It makes sense to trade like an emotionless trading war machine since we are there for making profits (while emotions can lead to wrong or suboptimal decisions), but not in gambling. So the whole idea of gambling without emotions kinda beats its very purpose, i.e. to get some emotions when you feel bored and tired

Greed, most of the time that is the shortest answer. Some say because of efficiency since earning money in gambling is not that hard but the thing is that it is not that easy to get a profit, it is just easy to do it. Discipline is the first answer to the problem. Self-control is another thing but I just hope all you people can afford the money you are gambling.

You're right. Self-discipline is really the key in almost everything so that there will be no unwanted results in the end.

However, we can't deny the fact that having self-discipline is and will always be challenging. With that said, I think it's also better to have someone who knows your gambling activity and will constantly remind you on when to stop or to continue. Just keeping it to ourselves alone may not be very effective. But when we have someone telling us enough is enough, then we'll find it easier to stop and walk away from the temptation brought about by gambling.

People never tend to look at that, they keep doing what they think right rather than to point out what went wrong. They keep spending their money even they commit debts cause in their mind is that... for someday they will win big and recover those losses which I don't think if it will happen so. It sounds like gambling might mentally change us and our paradigms towards gambling change as well.

I think you have a good point, that is not only for gambling but also can apply on trading our assets. Always remember that our bet, invest, stakes etc are directly proportional on how much we gain or lose.

 A small loss would be money spare and only that.   If you lose profits then that also is a fair gamble, the worst loss and not acceptable as a choice is gambling money that is not spare or available to risk as a loss.
    Thats how to keep losses spare, only gamble the money you are not using.   The biggest danger is on pay day from bad budgeting of money, I would advise only forwarding a small amount from wages to the gamble account.   If you use a set amount each week, even when you may not gamble that week you are giving yourself a set allocation to get lucky or not.   When the gamble account is no longer funded then you leave the tables, since you are never manually funding the account there is no choice to mistake how much you might pay in.    

 Basic advice would be then, separate the time you gamble from the setup of your gamble money.   If you budget everything together then it would be weighed against the worth of money needed for food, energy, clothes, travel and so on.   You are not as likely to spend too much when being sensible in allocation, do not gamble at the same time as deciding this fixed amount to pay to transfer every week.   When you gamble, never pay in at that time and if the account has no money you must wait for the next week when its funded automatically.