Is it ethical to break your gambling rules - page 10.

Findingnemo

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Quote from: Ojima-ojo on February 26, 2024, 10:56:47 AM

So this led me to ask the general public if I am gambling too much, although this excess didn't affect my finances in any way since I still managed to come out with little winning at the end of the day and at some level, my losses are still below 30 percent of my set out money.

Is there any particular reason why you continued playing more this time when you normally don't? Like you are on vacation or on a break or something that gave you more free time than usual?

If it's not the case then I recommend you to go back to the old way and stick to your own rule cause this is a sign of addiction and everything stats with saying, no problem I am in complete control of my decisions when clearly not.

silpersurfer

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Quote from: Juse14 on February 26, 2024, 11:33:10 AM

When you have set limits or rules that you create yourself for the gambling activities that you do. So it is appropriate for you to be able to follow the rules that you have made yourself and promise not to break them. because if you break the rules just once, then the next gambling game will be like that and in the end you ignore the rules. And this will only lead you to irresponsible and uncontrolled gambling.

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Indeed, putting in place limits and regulations in your gambling endeavors is highly necessary so that you can keep a check on your actions and be aware of the level of responsibility you have. Disregarding these set standards can be seen as allowing bad manners and anarchy when one is gambling. Always observe and respect the rules that you set for yourself because this will maintain honesty and balance in your gaming behavior. Do not forget that it is you alone who determines what you will do, while restrictions help to control whether a game can have an impact on your life.

Accardo

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It's not right to break our gambling strategies, often times, as the method we are gambling could be detrimental to our game. Because in gambling one need to make a prediction out of what has been initially planned by them, so that if things go wrong, they wouldn't question themselves over the reason behind the change of thoughts. However, it's fine to adjust a strategy that's not yielding profits or working to the favor of the gambler. In that case, it's fine, but in a situation whereby the gambler isn't comfortable with neglecting his own strategy, it's wrong. Gamblers should have stable mind, and nothing is meant to bother him, as a financial game requires a cool thinking. Moreover, if you are comfortable with it, and the losses are not much, due to the amount of money you wager it's great, and nobody is in the right position to decide for you on what to do, it's made this way so that, nobody would be blamed if your method doesn't work like the one currently in use.

Oasisman

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Quote from: Ojima-ojo on February 26, 2024, 10:56:47 AM

So this led me to ask the general public if I am gambling too much, although this excess didn't affect my finances in any way since I still managed to come out with little winning at the end of the day and at some level, my losses are still below 30 percent of my set out money.

I think you're fine as long as you are in full control of your finances, I mean as long it will not affect your necessities, bills, and things like these, you're all good. However, it is still better if you can adhere on the rules you personally set for yourself to practice self control and to practice your self discipline towards gambling, because there are really times where you feel frustrated that you might need to go beyond your gambling budget to try to chase for some losses. I don't know if some people can resist this kind of urge, but I admire those who can.
Again, you're good so far as long as long you're not suffering from financial shortage on your bills and household necessities/supplies, but it's gonna be better if you can manage to adhere on your gambling rules.

Renampun

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Quote from: Ojima-ojo on February 26, 2024, 10:56:47 AM

My recent experience from gambling, prompted me to ask this question, and just as the title stated clearly, you can easily deduce what I am trying to ask in this thread

My experience
In the last two weeks, I have been on a steady roll in gambling and most of the stakes I placed are mostly in sports bets, dice, and spin, all these games are luck-based games unless for football that requires a little bit of analysis.

That being said, this week I noticed that I have continued in the same trend despite that I have a personal gambling rule, not to gamble for two weeks consecutively, but unknowingly for me I am already in the third week without adhering to my own rule.

So this led me to ask the general public if I am gambling too much, although this excess didn't affect my finances in any way since I still managed to come out with little winning at the end of the day and at some level, my losses are still below 30 percent of my set out money.

Discipline is something that is quite important in all gambling, if you cannot be disciplined then it is unlikely that you will win a certain amount of money, you will actually make yourself worse off, one form of discipline in gambling is not to gamble beyond the limit - not to gamble with loan money - not gambling with the aim of getting more money.
Learning to be disciplined in gambling will make you value your money and time more and more, so that in the end the gambling you do is useful and don't waste your time.

un_rank

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Unethical is the wrong word to use here. It would be unethical to break some set of social rules or norms set in place, but when you break your own personal rules that is showing a lack of commitment to follow through with what you had planned.

We set rules, especially with financial implications, to protect ourselves from losses and other risks involved. If we do not follow them through, we run the risk of losing more than we can afford. It may have not worked out that way this time around, but we do not always get lucky.

- Jay -

Sunderland

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Why dont you focus with sports betting or dice or slots, just pick one.
With this way your winning chance will be much better compare with playing all of that games one after another.
There will be good days and bad days on gambling, soon or later the way you play will affect your financially because you will not stop after win some but instead playing other games with hope to win on every game.

mindrust

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Quote from: Ojima-ojo on February 26, 2024, 10:56:47 AM

…

So this led me to ask the general public if I am gambling too much, although this excess didn't affect my finances in any way since I still managed to come out with little winning at the end of the day and at some level, my losses are still below 30 percent of my set out money.

Only you can decide what is right or wrong for you.^[1] If you think you are alright, then keep doing what you are doing. It gets dangerous when you start selling your live savings, wife’s jewelry etc… Of course there are other signs too before it gets out of hand but other people won’t notice these signs as good as you because:

1- They don’t know what you are doing
2- They are not you, so they don’t care

^[1]Which brings me to the point in my first sentence.

Good news is, you haven’t lost anything that matters so you can always stop playing before it is too late. Most people aren’t that lucky.

Crypt0Gore

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You are still on the right track I believe, if you can come on the forum and create a topic about what you might be doing wrong about gambling, that's complete self awareness, and that's very important as a gambler, you will become more careful when you are aware of your actions in gambling.

Most gamblers who want to make a lot of money with gambling don't reason like this, they just move forward with everything they have, they don't have time to think about their present and past decisions in gambling, all they want is to see some jackpot dream becoming a reality.

My advice is to stand your ground and keep risking only what you can afford to lose, stop looking at others gambling activities and luck ratio wise, when someone is more lucky than you there is nothing you can do about it, limiting your gambling activities is far more healthy than everything else as a gambler.

borovichok

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Gambling rules are put in place to protect individuals from the potential harm that can be caused by gambling, both financially and emotionally and from your story there is nothing wrong with you going against your betting rule because your finance is not affected and you are even gaining the more. I think since your current betting habit is fetching you profit, you just have to follow it. That should be your new rule lol.

In my thinking, It is wrong to break gambling rules because of the implications a gambler is likely to face if he breaks gambling rules. For instance, When a gambler breaks his gambling rule, it becomes easier for the gambler to find himself in significant debt. I have been in this shoe several times and I regretted not holding firm to my betting rule. I have this rule of not betting on week days and weeks I don`t stick to this rule I lose more than expected. By adhering to a betting rule, gamblers can effectively manage their finances. Consistency is key in gambling, and having a set betting rule promotes discipline and consistency in one’s approach to wagering. By sticking to a predefined strategy, gamblers are less likely to deviate from their plan and fall into erratic or erratic behaviour.

Yatsan

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Quote from: Ojima-ojo on February 26, 2024, 10:56:47 AM

So this led me to ask the general public if I am gambling too much, although this excess didn't affect my finances in any way since I still managed to come out with little winning at the end of the day and at some level, my losses are still below 30 percent of my set out money.

Try going back to the reason why you implied and made that rule for yourself, and that would be the answer. Glad that you are doing well with your gambling expenses but gor sure there's a reason. As we all know how gambling works; things are not consistent. You might be winning nowadays which is obviously a good thing, even if you broke your self-moderated rule, but how long would you continue? Consistency will be best if you are restricting yourself. Again, you won't do it in the first place if you aren't avoiding anything to happen. And for the same reason, I suggest just securing the profit and to stick with the rule you impose. Do not wait for profit to turn into loss eventually. Keep in mind that losing is more certain and we just tend to be lucky sometimes if we are winning on a rally. It will obviously and more efficient to be preventive of huge loss than to test your luck with continuous gambling activities. It won't always be holidays on our gambling careers. Not maintaining or following such rule we created will just more likely create a problem afterwards. Self discipline is a virtue.

Juse14

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When you have set limits or rules that you create yourself for the gambling activities that you do. So it is appropriate for you to be able to follow the rules that you have made yourself and promise not to break them. because if you break the rules just once, then the next gambling game will be like that and in the end you ignore the rules. And this will only lead you to irresponsible and uncontrolled gambling.

But all this comes back to you, I won't interfere too much, because after all, you will also be responsible for all the decisions you make. However, just as a reminder, never lose limits on your gambling activities, so that you will always be able to control your gambling well and you will still be able to maintain balance in your own life.

Zlantann

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Quote from: Ojima-ojo on February 26, 2024, 10:56:47 AM

So this led me to ask the general public if I am gambling too much, although this excess didn't affect my finances in any way since I still managed to come out with little winning at the end of the day and at some level, my losses are still below 30 percent of my set out money.

It is always important to follow your gambling plans because there might be times when going beyond your budget might start affecting you financially. And you might not be always lucky to win consistently which had made you cover your loss. It is better to be guided to avoid losing control of your gambling activities. However, if you are sure that these excesses don't affect your finances, you might consider increasing your gambling budget to suit your financial status because increasing your budget also increases your chances of winning big. But this should be done with caution because it could also fuel over-gambling if not well handled.

uneng

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Quote from: Ojima-ojo on February 26, 2024, 10:56:47 AM

So this led me to ask the general public if I am gambling too much, although this excess didn't affect my finances in any way since I still managed to come out with little winning at the end of the day and at some level, my losses are still below 30 percent of my set out money.

Be careful with your gambling habits. To break a personal rule isn't a good indicator. Now you have to be careful to not break this rule in the future once again, besides being careful to not lose control over your finances, what would mean you are in progressive line of broken rules, and as we know this path can only lead you to the development of an addiction. Be attentive to keep your gambling routine under control. In order to do that, you have to watch and question yourself. Of course, it's always nice and enlightening to ask others for help and advices, but after all your decision is what really matters.

When you feel the urge to continue gambling, even though you know you should stop, try to occupy your mind with another subjects and activities until you forget gambling. Don't let the obsessive thoughts grow in your mind and consume your soul...

Hispo

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From the point of view of your own integrity and rules, it is not ethical no. Because from the beginning, you supposedly created those rules to protect yourself from serious financial loss while gambling.
You are in the liberty to break your own rules, however, you must also be ready to face the consequences of doing so.
On the other hand, you are implying to have a different set of rules, one for how often you are supposed to gamble and another different rule for the percentage of money you can allow to lose. For now, you have treated those rules independently, however, if you treat them as a mutually inclusive, then you are only breaking your rules partially.

It would be ideal if you corrected course and went again to gambling less often as you had already established with your personal rules, it is a matter of discipline, and we all know disciple is one of the most important things when comes to gambling, so one won't lose all of one's capital to bad luck.

tsaroz

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Ethics are moral principles and they are more superficial ideas that guide you. If you never gamble, that could be your ethics.
But if you gamble and time and again end up gambling more than you plan to, it's more like a problem with self control than of ethics.
It's a good idea to have a budget for your gambling like 25% of your monthly income and no more, how much you are willing to risk and when to stop. But if you can't stick to your plan and repeatedly breaks your own rules, you could be addicted and might need help.

Outhue

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The more days you spend gambling the more money you will spend on gambling, if you have been risking $100 in two weeks of every month, you will be spending double of this amount for every month, and the truth is you won't win more compare to your old style of gambling.

This is what gambling want you to think and start doing, believe me, it's more than many think, gambling is like a lollipop made on a kitchen knife, you are meant to start licking and licking until you cut your tongue and you will probably lose your life in the process.

It's easier to be a gambling addict than anything, and what is normal and better always take time, always remember that you are simply trying to take a short cut to make money, it's never going to be normal, that's why I keep telling people that gambling is like the devils tool to easier manipulation, if you let go of your awareness, you will be long gone, deep into addiction before you realize.

cabron

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It's your rules so you have all the rights to change these rules. If you are the ones breaking it then I guess you have your reasons and it will still not be unethical after all it's your rules. You won't get punished anyway ffor breaking those rules.

Do you mean that if you win in two consecutive weeks, you stop gambling for another 2 weeks so bad luck passes and you resume in the next week and then again good luck is still on your side? Grin

Oshosondy

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This is the beginning of addiction. Or you are not gambling with too much money? I guess that you are gambling with more money because as you are unable to control your gambling activities and unable to restrict yourself not to gamble, this will make you to be spending more than necessary on gambling. Also that even if you are not wasting a lot of money on gambling, as long as gambling is taking more than the time you want, it is still an addiction.

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Quote from: Ojima-ojo on February 26, 2024, 10:56:47 AM

So this led me to ask the general public if I am gambling too much, although this excess didn't affect my finances in any way since I still managed to come out with little winning at the end of the day and at some level, my losses are still below 30 percent of my set out money.

Why do you set a rule that you need to have a break after playing 2 weeks consecutively? Your answer on this question will probably the same answer on your main question if whether you are gambling too much or not.

You will not set a rule like that if you think that gambling without any break will still be good for you. I have a rule like this which I only play during weekends because I have work during weekdays and I don’t want to mix my gambling activity to my work so that I can focus on both. Follow your rules if you want to become consistent on gambling because you will probably come to the point which you can’t control yourself if you keep playing outside your own set rules. For now you might be okay but how long can you keep up especially if you are already losing consecutively.

Topic: Is it ethical to break your gambling rules - page 10. (Read 1167 times)