Topic: Know when to ride and stop! - page 9. (Read 1219 times)

Gambling budget is one of the strategy that can help us safe money from loses. We know that normally making loses can be due to different reasons from not choosing the right game to bet on. It is most likely for us to make loses in the market when we don't take proper decisions in the market to earn profits. No matter what we are doing, we need to make sure that we find a better means for utilizing a better strategy to make money. Gambling as a financial decision can be risky for those people that don't know how the market operates. We should endeavor to strategy better ways to earn from gambling.

If you give people this advice, you are endorsing gambling without a budget or a set amount of money. Do not increase bet while gambling, it can be a big trap, in a situation where you increase your bets because you are winning, then loose it all after enjoying a winning streak.

Set a gambling budget each time you want to gamble, do not try to increase it as you gamble, it is not a good practice to gamble without a limit or budget.

It's also to keep on mind that there exists a popular mis interpretation of how probability works.
Each roll/wagger whatever had independent chances. So winning doesn't increase or decrease the chances for the next game to be a win too.

This is called the gambler's fallacy and it is quite prevalent.
Sure it's important to test the waters to know how a game works but don't consider that a certain strategy will best the house edge.
In the long run, the house only wins. 

It is very rare to see someone who is losing in gambling  and continues to play to expect a win, when you lose the more you continue playing to win is the more you lose, because at this point gambling is being played with greed and desperation . If you really don't want to lose much in gambling you have to be wise to know some habits in gambling that matttefs alot.

Gambling is unpredicted,  continuous playing is not a guarantee to win instead it is just an avenue to lose money. When a lose occur in gambling it is very important to quit and not bother to continue to play, it will end up to be a bad experience.

This is exactly the problem here, because alot of people don't know when to stop gambling, well it's because of the winning streak they encounter before the losses start coming and this lose tend to cloud their judgement to actually know that their is an actual opposite of winning streak called losing streak and it's way more deadly than the winning streak because it makes you increase your staking to the level that you actually lose everything in a split second or minutes.

the only problem with these strategies is that ultimately don't change the real chances of winning and the "winning" sequence may not be the same with another run....
I don't see any slightly increase chance, but simple a money management strategy.

if you are playing a luck-based game, there will be never an assurance that you will be on a winning side even if you slowly increase your bet and be very careful with progressing your game. do remember, luck is always in play on this type of game no matter what and coupled with the house edge for a particular game, you are always doomed to the losing side if you won't stop playing.

this is why those who got good winnings can still go home as a loser because they don't stop playing up until their bankroll is empty. this is the dilemma of most regular gamblers, they can't stop their impulses of continuing their game even if they already got a handsome amount of winnings.

so yeah, the concept of increasing your bet as you progress the game doesn't have good ending all the time. in most cases, you will get wrecked pretty badly if you continue thinking that you will be winning on your next big bet. so such piece of advice is not true at all.

This is what happen when you can’t control your emotion and also don’t know when to stop.
Increasing your bet will not increase the probability to win, this is a misconception and many already fall for this trap. It is very important to know when you can place your bet and also when to take profit, its just a matter of timing with luck and then you can be good.

Let's start with the fact that in slot games, the program controls everything. Therefore, luck is not so important here. It is the program that decides how to entice a person so that he starts betting like a man possessed, despite the fact that the size of his credit is rapidly increasing. The only way to stay with the winnings in slot games is to leave at the first winnings

That is true but there is also a time when you win twice and the other times will definitely be the losing season, but that time one have to stop and try again letter.
As gambling is interesting so the winning and the losing is also interesting too, even if you are losing it can be hard for tiy to stop and at that time you can always be thinking of how to regain your loses.
Even when one is winning he or she can not stop but only few gamblers can stop, one can only do as you said if he hasn't turned a addicted gambler.

strategy only works in games where it does not depend on luck for people to win, if a person reads a strategy and goes to play a slot game, that person will realize that everything they read will be useless at that moment when they are playing, because they are in front of of a game that only depends on luck. The person puts money into the game, hits play and waits for the numbers to roll or the ball to fall and if they get it right then the person wins and if they get it wrong then the person loses, there is no strategy in this. but when they are games like sports betting, poker games, blackjack, then the person can create strategies or copy other people's strategies

but it is a fact that in gambling that depend on luck, people lose much more than they win and this scenario will not be reversed because it is part of the game, while in games that depend on skills, some people are lucky enough to win too much and they stop playing while it's too early so that they can leave with profits, but most people even though they have consecutive profits they don't stop playing and after a long time when they stop playing, they look back and realize that they left with a lot of losses. In my opinion, the best strategy is to know the exact time to stop playing. In other words, knowing that the day you win a lot of money capable of overcoming all your losses, then on that day you should stop gambling.

I like this part. Gamblers should take the advice very important. Because we do neglect this thing at a point in time when we are gambling. I have fallen victim to it. I was losing about 250$ while gambling so I thought increasing the beating amount would help me increase my winning so that I could cover up for the loss I had made and still make extra profits.

In the process of doing that I entered the bet with 450$ and unfortunately for me, I lost in that game. I think that was my biggest loss even if I cannot remember vividly. But through that week I was unable to gamble, it made me stay about 4 to 5 months before I started gambling because that was the money I saved for business and I only wanted to increase it.

That is not always the truth.Sometimes but of course I agree in very few times when you increase your bet you happen to win a huge multiplier and it can be a decisive action.I of course also am of the thinking that when you start a losing streak most of the times it will continue to be a losing streak.

I think that knowing when to stop is an art that very few people know when to apply it and if a lot of people knew how to apply it then most casinos would go bankrupt so most people do not know when to stop and this is a very risky business for those persons.

Honestly, that's the time that we become more risk takers and that is because of the mentality that we've already lost and that's why what's the sense of being scared of it? So instead of stopping, we're wagering more and more because we think that we'll be able to recover it until we see that there's no progress and we're just losing more money.

Or when you have tested it and it's unlikely going to be in favor your based on your results, it's just best to stop utterly.

Gambling works differently for every gambler, I'd commend you for sharing the strategies and for winning. But some gamblers may not reason the same way as you do, or win if they follow your strategies. The house can be tricky, while a player who hasn't mastered this strategy, wants to participate in the method he will get confused along the line if the results begin to get abstract. Following your strategy, and the win follows with a loss then a win, how would the gambler be able to determine what to do in this instance? As you said, we should increase our wager a little more if the win comes, but in a situation where a loss follows, the gambler would lose a little more of his normal wager. The topic of your thread, is important, although it sounds different from your thread, as a gambler needs to understand when to stop gambling in every session. Making out time, let's say 5 hours for gambling, and sticking to the time is crucial, and that would be considered knowing when to close the casino tap on our gadget.

The day's total outcome after the duration is over, shouldn't bother the gambler, as he's made a budget for it. If he wins, then he can add to his bank roll then enjoy more fun gambling. Gamblers should always use the period of gambling to monitor how the machines work or if they can notice how long it takes for a win result to arrive. Slot games most times have proven that it's not mainly about being a good and lucky predictor but being an excellent observer can help you create a fine gambling strategy that works. Gambling strategies are special and should be customized to only one gambler. The OP may have done his part of the research and found what works for him, kudos! It's left for other gamblers to try doing their best and enjoy a fun gambling experience. However, whenever testing a strategy it's important to test the waters with smaller funds. Don't jump into a river with your both legs.

I agree it's very bad to increase stake when you are losing in order to try to chase your losses but I don't think it's a bad practice to continue when you start to lose, because you can't always win you are playing and most times you need to lose many rounds before reaching a big winning or a jackpot, we see that many times at Roulette or slots for example or at Baccarat, Blackjack and Craps when we get a big winning streak after a losing one.

This idea has a large contribution to the amount of severe losses people has accumulated while gambling. You can be channeled to stop when you experience loss but then you can experience the loss so big your winnings would not even be able to remedy your situation.
Although it's still a strategy that works for some people but rather than that I would suggest you have the amount of money you hope to win and amount you can't exceed to loss and then have a reasonable staking budget.

No matter what strategy that you use, if it is not your lucky day, you will lose the bet. Martangle might work for you but I don't see it as something that can guarantee wins. It is good to gamble for entertainment and not because we want to make profit, so that one don't think of chasing his losses.

This is why I agree with you that the moment you have up to three straight losses, you quit and gamble the next day to avoid having more losses. It is good to be discipline and have self control over one's gambling activities, so that you will enjoy gambling.

That is an "strategy" or a way of thinking I have seen before, I think I have actually used it before while playing dices and plinko. I first start using a small wager and when I see I start to lose and lose during the beginning of the session I avoid to increase the wager, even though I could feel tempted to see to use some random strike of luck to recover all of it which I have lost already. If it sounds like chasing losses, it is because I believe it is.
On the other hand, if one starts with a small wager and there are some wins, it could be tempting to increasing the wager and eventually see how the continuing good luck brings a good earning for that same session.
In the end, it is all about luck and how to recognize one is having either good or bad luck during a specific session on the casino, if one is having good luck and do not recognize it then it would be a "waste" of such luck and one would not make much money, but if one is having bad luck and one cannot recognize it, it will likely end up in unintended losses to the casino and chasing on them.

Also, congratulations for your juicy win, hopefully more of those will continue to come to you during this christmas season. 

It's very easy to really avoid losses if gamblers just know when to stop. Most of the people I know tend to overdo gambling because they are tilted if they not get back what they lost in a casino. It's understandable, but if you do not recognize that you're already playing for and at a loss, your money will eventually run out without you having a clue as to why it happened. I completely agree with testing the waters on a win streak, and immediately stopping after a series of losses. Better to go home with something rather than go home with nothing.