Know when to stop - page 3. | Bitcointalksearch.org

Cityhunter34

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Quote from: Barikui1 on January 13, 2024, 05:52:10 AM

One of the most important factor of a successful gambler is to know when to stop, most gamblers expecially the addictive type don't even know what is stop when it comes to gambling. So it's very important to;
* Stop when your losing is now getting to you.

* Stop when you are now feeling as is you can't do without gambling.

* Stop when you have a big winning, by channeling the money somewhere else so you won't lose it back to gambling.

* Stop when you are not even winning at all, it's not your thing.

* When your losing is weighing you down, stop and restrategize .

You are absolutely right op this is the major challenge that is making most gamblers not be responsible in life more especially those people's that is always playing virtual they are the ones that is always making gambling to look some how you will see some of them will carry like 5k to go and play virtual maybe there luck shine they will won reach 50k instead of them to leaf the gambling shop they will said that they going to still won more bet before they would realize there self they have already exhausted the one that they have won.

Bravut

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Well said. The ability of gamblers to know when to stop, distinguishes those who loss more than average with those who do not. When gamblers know when to stop, it limits there risk exposure and also builds a healthy gambling habits and not irresponsible gamblers without rules that end up getting addicted, loss more with unhealthy lifestyle.
This is why I emphasis on having rules that guide one while gambling which is very relatable to "knowing when to stop".

Fivestar4everMVP

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Quote from: I_Anime on June 04, 2024, 04:02:16 PM

Quote from: madnessteat on June 04, 2024, 06:35:26 AM

Quote from: DaNNy001 on June 02, 2024, 10:06:43 PM

^

Chasing past losses very often leads to even bigger losses. This should be borne in mind as well as the fact that gambling is not a place to make easy money, and gambling for money intended for something else or borrowed money is a rather foolish idea. If a gambler does not understand these simple things, then his experience of gambling will clearly be negative. Play gambling for free money and enjoy the process and then you will not have a problem with gambling.

That's true , as a gambler yah already aware of the great risk in gambling and gambling is mainly about luck and all that . You will still go further in borrowing money inorder to continue gambling, which is not smart all , because there's high chances of you Losing that money you borrowed also . And landing yourself in debts, there some gambler they have the limit of money they can risk asking they don't have it they won't bother to gamble, such act shows one have a good principles towards gambling and stuff , and one not knowing to stop will generate more losses.

You are very right, and I completely agree with you, how ever, I think the issue of borrowing funds to gamble lies on the gambler level of appetite for risk taking, it's a very crazy and unhealthy risk to take (I completely agree), but there are some persons out there who don't really give a damn what type of outcome such actions land them into.

In previous times, we read stories of some people who took such risk and in ended in their favor, example is the FedEx CEO who was said to have gambled with the last $5000 the company had, the company was going to file for bankruptcy, but the CEO (with a leap of faith) took the last $5000 the company had, flaw to Las Vegas and there, he gambled with the money, and luckily, he won, and through that money he won, the company was revived to life again.

Some risks appear to be really stupid, but for lucky ones, it sometimes appear to be the one key they have been looking for, to unlock the door of financial success.

Not a gambling advice anyway

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Quote from: madnessteat on June 04, 2024, 06:35:26 AM

Quote from: DaNNy001 on June 02, 2024, 10:06:43 PM

^

Chasing past losses very often leads to even bigger losses. This should be borne in mind as well as the fact that gambling is not a place to make easy money, and gambling for money intended for something else or borrowed money is a rather foolish idea. If a gambler does not understand these simple things, then his experience of gambling will clearly be negative. Play gambling for free money and enjoy the process and then you will not have a problem with gambling.

Yes that's right and one of the reasons why chasing losses is an idea that will only do more harm is because there is no certainty and guarantee of always being able to end the session with a win, one will never know about what will happen at the end of the session unless you have completed the session, and because of this why gambling is called an activity that makes no sense to make money from.

Of course, I agree with you that borrowing money just to gamble is a stupid idea, however it makes no sense or is a stupid mindset if they prioritize or force something that has absolutely no certainty and guarantee of ending the session with a win, in the end losing is still a very possible thing to happen, and in some cases it is usually the idea of borrowing like this that makes a gambler experience much more significant problems in his life such as debt, so first understand what exactly you are doing before you regret it.

nara1892

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Quote from: Hispo on June 02, 2024, 07:32:31 PM

Quote from: nara1892 on June 02, 2024, 06:26:37 PM

🍑

Sure, you are right when you say much of the casino industry runs on the feelings and emotions which could be experienced by gamblers at the moment they find themselves in a situation in which they have reached red numbers or some profit. Though, there is something I disagree with your post or point of view. Someone being aware gambling is not for winning money in a consistent way won't have a warranty on knowing when to stop and take the money out of the casino. even the most disciplined gamblers and bettors out there will have moments in which their greed will take over and instead of withdrawing the money they have managed to get, they will continue to gamble and see what happens. Usually the house gets the money back, though.
So I would rather say it is a combination of having the right expectations of what gambling is for and also self control to avoid allowing greed to take over.

In the past, thank you because you have complemented my ideas by saying other possibilities that can occur even though someone has a correct understanding of gambling, and yes I also agree with that which is that even though basically you or anyone has a correct understanding of gambling, it does not mean that you can escape from various excessive actions, And maybe I will say one of the reasons for that is because everyone has a feeling in themselves that there will always be situations for everyone to forget the knowledge they have and that is because the consciousness in humans can be lost or reduced when facing certain situations, while it is a fact that in gambling there are many things that look tempting that can tempt us to eventually fall into various actions that endanger themselves such as greed one of them. In conclusion, I think we can use “assertiveness” as one of the ideas to avoid such bad situations, namely by applying assertiveness to our level of consciousness so that we are not easily tempted by various things that look tempting.

I_Anime

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Quote from: madnessteat on June 04, 2024, 06:35:26 AM

Quote from: DaNNy001 on June 02, 2024, 10:06:43 PM

^

Chasing past losses very often leads to even bigger losses. This should be borne in mind as well as the fact that gambling is not a place to make easy money, and gambling for money intended for something else or borrowed money is a rather foolish idea. If a gambler does not understand these simple things, then his experience of gambling will clearly be negative. Play gambling for free money and enjoy the process and then you will not have a problem with gambling.

That's true , as a gambler yah already aware of the great risk in gambling and gambling is mainly about luck and all that . You will still go further in borrowing money inorder to continue gambling, which is not smart all , because there's high chances of you Losing that money you borrowed also . And landing yourself in debts, there some gambler they have the limit of money they can risk asking they don't have it they won't bother to gamble, such act shows one have a good principles towards gambling and stuff , and one not knowing to stop will generate more losses.

LUCKMCFLY

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Quote from: BigBos on June 02, 2024, 11:53:42 AM

The profits in the casino will be greater and will often be obtained by the host, therefore we should be able to see that the profits that can be obtained by the player will not be as often obtained by the host, so if the gambling carried out has ended in defeat then it's better to just stop.

That's how it is, sometimes it's better to be basic and stop, for any activity to stop losing, because a person losing sometimes becomes stubborn and starts doing things wrong, starts to generate more losses, or bets more money and that makes him lose more money, becomes a compulsive person full of many mistakes and it can mean that when he needs to concentrate he can't because he has lost a lot of money, so in order to avoid going through such unpleasant things, it's better not to complicate things and have everything ready to retire, then try another way, but another day, so that he is not so biased by the game he made and lost Previously.

madnessteat

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Quote from: DaNNy001 on June 02, 2024, 10:06:43 PM

^

Chasing past losses very often leads to even bigger losses. This should be borne in mind as well as the fact that gambling is not a place to make easy money, and gambling for money intended for something else or borrowed money is a rather foolish idea. If a gambler does not understand these simple things, then his experience of gambling will clearly be negative. Play gambling for free money and enjoy the process and then you will not have a problem with gambling.

DaNNy001

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Quote from: LUCKMCFLY on June 02, 2024, 11:27:01 AM

Quote from: pawanjain on May 24, 2024, 11:23:45 AM

That is so true and it happens with the most of us. If we are planning to gamble with a big bankroll then we end up using most of it if not all.
Most of the times we lose money because we become so involved in chasing losses that we end up using all the money we have just so that we can get back the money we lost.
We ignore the fact that the capital we are using to recover the losses is slowly decreasing and at one point it just gets over.

Well, when we bet things sometimes we are very vulnerable to them going Wrong , and it is Because of emotions, that is why before playing we have to plan everything, even the Smallest movement, not how we should play or do, it is about the money that we are going to Spend , or the money that we are willing to lose, because all the money that is put there is almost the money that we are most likely to lose, and it is not because gambling is a problem that they will always take money from us, it is because The game has its advantage that favors the casino, that's all , that's why we have to see the advantages of knowing how to manage.

Gambling isn't a must and you must understand that the game you are playing and the money you are staking are all been thrown away from the moment you decide to actually fund that betting account of yours but if you are unserious and fail to understand the reasons why the money used for gambling come with such tag then you are going to make a very big mistake yourself. When it comes to judgement been clouded then gambling under stress is a perfect example and anything that makes your judgement not to be straight then there is actually a problem as you might end up getting entangled with your bankroll from continues deposit and chasing after losses .

Hispo

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Quote from: nara1892 on June 02, 2024, 06:26:37 PM

🍑

Sure, you are right when you say much of the casino industry runs on the feelings and emotions which could be experienced by gamblers at the moment they find themselves in a situation in which they have reached red numbers or some profit. Though, there is something I disagree with your post or point of view. Someone being aware gambling is not for winning money in a consistent way won't have a warranty on knowing when to stop and take the money out of the casino. even the most disciplined gamblers and bettors out there will have moments in which their greed will take over and instead of withdrawing the money they have managed to get, they will continue to gamble and see what happens. Usually the house gets the money back, though.
So I would rather say it is a combination of having the right expectations of what gambling is for and also self control to avoid allowing greed to take over.

nara1892

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Knowing or having the ability to stop at the right time is something that all gamblers must have, because this is the key to avoiding various undesirable possibilities, such as experiencing a losing streak that makes us lose more money, but it is a fact that the majority of gamblers always find it difficult to stop and rest especially when they experience a loss? Well one of the reasons I think it is clear that they find it difficult to accept the fact of losing which in turn makes them emotional which emotions trigger various irrational and dangerous decisions and actions such as chasing losses.

This means that if you want to have the ability to stop at the right time easily then you must first justify your perspective on gambling by knowing, realizing and understanding that gambling is not a place to earn and also gambling always has the possibility of losing or losing will always be a part that can never be avoided completely in gambling, and by having the right perspective then when you lose you will not be too emotional and when emotions do not dominate it will be easy for you to stop at the right time.

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Quote from: shasan on June 02, 2024, 01:34:07 PM

I agree with your opinion but along with these, there are a few more factors to know when to stop. Eg: we should not make any bets when we are in sleepy mode or when we are too tired. We should not continue betting when we are busy and we do have not enough free time and so on.

Making bets when we are sleepy and are not in the best position to think in the right mind to make better picks to enable us have a better chance of winning the bet except we are Gambling just for fun then you can place your bets as you like even if it's in your sleepy State or even not in ur stable state of mind because you can be able manage such as you are doing it for the purpose of fun only.

When you are too tired, it's not the right time to gamble because most likely you will be making impulsive moves which may not really be to your good but to your detriment as a gambler but then if you had made sure to be in the best state of mind you can increase your chances of winning.

Fivestar4everMVP

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Quote from: I_Anime on June 02, 2024, 03:00:10 PM

Quote from: shasan on June 02, 2024, 01:34:07 PM

Quote from: Barikui1 on January 13, 2024, 05:52:10 AM

One of the most important factor of a successful gambler is to know when to stop, most gamblers expecially the addictive type don't even know what is stop when it comes to gambling. So it's very important to;
* Stop when your losing is now getting to you.

* Stop when you are now feeling as is you can't do without gambling.

* Stop when you have a big winning, by channeling the money somewhere else so you won't lose it back to gambling.

* Stop when you are not even winning at all, it's not your thing.

* When your losing is weighing you down, stop and restrategize .

I agree with your opinion but along with these, there are a few more factors to know when to stop. Eg: we should not make any bets when we are in sleepy mode or when we are too tired. We should not continue betting when we are busy and we do have not enough free time and so on.

Exactly gambling when is exhausted is not encouraging at all , he or she will endup making alot of mistakes in their gambling because that ain't thinking straight at that moment, they may even go ahead using money they can't risk to bet without even knowing. So yeah gambling when one is tired or exhausted ain't smart at all. So that's definitely a nice point mate

Well, a couple of times I've gambled in a hurry, I always have regretted it.
The first time this happened to me was when I was to go out for an important meeting, but I was busy playing a Slot game, and I got into the game too serious that I lost track of the time when I was suppose to stop and leave, I kept playing and at some point, something hit me in my mind and I remember I had a meeting appointment, and immediately, I just pump and entered the bathroom to wash myself, before I could finish preparing and hitting the road, time was already up against me, I was already more than 30 minutes late, I was really pained by this experience because I almost got sacked by my boss.

Gambling is always more enjoyable when we schedule a time that we have nothing to do; to play the game, this usually gives a clear peace of mind, giving room to the player to even search out new games to try out.

blockman

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Quote from: Sg4j1n3ll0 on June 02, 2024, 02:53:14 PM

Quote from: blockman on June 02, 2024, 02:47:34 PM

Quote from: Fredomago on May 30, 2024, 07:56:44 AM

Better to settle first everything that needs to be taken care before you start your gambling, it will lessen the stress as most of the time the money that you'll going to spend are amount that you can let go, though it depends from how the gambler control greed and their patience in using their time while playing.

Greed will click when you are there and not expecting it for every time you gamble. You think that you are good but definitely situation changes a lot for that time being. When you haven't settled everything first, you're going to have that problem upon starting and despite knowing when to stop, you might not even able to stop at that time because things are changing against your plan. This is common and that is the reason why we used to say to expect the worse when you can't even follow your plan of stopping.

but in my opinion the real problem arises when you think you're good at playing a game and it really becomes a problem, think about poker or black jack, there's no real time to stop because you think you're better than the dealer or your opponents and they the problem arises because you can't stop because you think you're good enough to beat everyone

That is confidence and each of us has that but it's true that when you're confident, you are also going to face problem. Since you are confident, you may not stop anytime because you think that you're high of yourself and there is gonna be some way for you to recover those losses. Otherwise, it's all about the goal that you're trying to hit and you are not ready to stop until you hit those numbers. So, it becomes a domino effect when you're confident but IMHO it's fine as long as it's moderated.

I_Anime

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Quote from: shasan on June 02, 2024, 01:34:07 PM

Quote from: Barikui1 on January 13, 2024, 05:52:10 AM

One of the most important factor of a successful gambler is to know when to stop, most gamblers expecially the addictive type don't even know what is stop when it comes to gambling. So it's very important to;
* Stop when your losing is now getting to you.

* Stop when you are now feeling as is you can't do without gambling.

* Stop when you have a big winning, by channeling the money somewhere else so you won't lose it back to gambling.

* Stop when you are not even winning at all, it's not your thing.

* When your losing is weighing you down, stop and restrategize .

I agree with your opinion but along with these, there are a few more factors to know when to stop. Eg: we should not make any bets when we are in sleepy mode or when we are too tired. We should not continue betting when we are busy and we do have not enough free time and so on.

Exactly gambling when is exhausted is not encouraging at all , he or she will endup making alot of mistakes in their gambling because that ain't thinking straight at that moment, they may even go ahead using money they can't risk to bet without even knowing. So yeah gambling when one is tired or exhausted ain't smart at all. So that's definitely a nice point mate

Sg4j1n3ll0

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Quote from: blockman on June 02, 2024, 02:47:34 PM

Quote from: Fredomago on May 30, 2024, 07:56:44 AM

Better to settle first everything that needs to be taken care before you start your gambling, it will lessen the stress as most of the time the money that you'll going to spend are amount that you can let go, though it depends from how the gambler control greed and their patience in using their time while playing.

Greed will click when you are there and not expecting it for every time you gamble. You think that you are good but definitely situation changes a lot for that time being. When you haven't settled everything first, you're going to have that problem upon starting and despite knowing when to stop, you might not even able to stop at that time because things are changing against your plan. This is common and that is the reason why we used to say to expect the worse when you can't even follow your plan of stopping.

but in my opinion the real problem arises when you think you're good at playing a game and it really becomes a problem, think about poker or black jack, there's no real time to stop because you think you're better than the dealer or your opponents and they the problem arises because you can't stop because you think you're good enough to beat everyone

blockman

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Quote from: Fredomago on May 30, 2024, 07:56:44 AM

Better to settle first everything that needs to be taken care before you start your gambling, it will lessen the stress as most of the time the money that you'll going to spend are amount that you can let go, though it depends from how the gambler control greed and their patience in using their time while playing.

Greed will click when you are there and not expecting it for every time you gamble. You think that you are good but definitely situation changes a lot for that time being. When you haven't settled everything first, you're going to have that problem upon starting and despite knowing when to stop, you might not even able to stop at that time because things are changing against your plan. This is common and that is the reason why we used to say to expect the worse when you can't even follow your plan of stopping.

topbitcoin

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Quote from: LUCKMCFLY on June 02, 2024, 11:27:01 AM

Quote from: pawanjain on May 24, 2024, 11:23:45 AM

That is so true and it happens with the most of us. If we are planning to gamble with a big bankroll then we end up using most of it if not all.
Most of the times we lose money because we become so involved in chasing losses that we end up using all the money we have just so that we can get back the money we lost.
We ignore the fact that the capital we are using to recover the losses is slowly decreasing and at one point it just gets over.

Well, when we bet things sometimes we are very vulnerable to them going Wrong , and it is Because of emotions, that is why before playing we have to plan everything, even the Smallest movement, not how we should play or do, it is about the money that we are going to Spend , or the money that we are willing to lose, because all the money that is put there is almost the money that we are most likely to lose, and it is not because gambling is a problem that they will always take money from us, it is because The game has its advantage that favors the casino, that's all , that's why we have to see the advantages of knowing how to manage.

It is true that we need to plan for the slightest possibility before making a deposit and calculate how much money we can lose, because gambling is a place to throw money, just think about it so that we understand that we should not have the thought that gambling is a place to make money so that we take the risk of gambling with an amount that we cannot lose and force ourselves to get a win at gambling which in the end uses money that we cannot afford to lose and then chases defeat which ends up losing all the money we have, things like that often happen to us.

Not knowing the limits, not knowing how much money you can lose and not knowing how long you can gamble for is the result of someone not planning in advance for their gambling, so it will be far from the sentence of a responsible gambler, so it is natural for someone who does not have a plan he will lose much more than the person who has a plan in advance.

I may need to emphasize that don't think gambling will make money for us, even if we win I think it's just a bonus after having fun, the view of gambling will make us see how to gamble without having to become an addict, people who have a smart view will know when to stop.

Accardo

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Quote from: BigBos on June 02, 2024, 11:53:42 AM

Quote from: LUCKMCFLY on June 02, 2024, 11:27:01 AM

Well, when we bet things sometimes we are very vulnerable to them going Wrong , and it is Because of emotions, that is why before playing we have to plan everything, even the Smallest movement, not how we should play or do, it is about the money that we are going to Spend , or the money that we are willing to lose, because all the money that is put there is almost the money that we are most likely to lose, and it is not because gambling is a problem that they will always take money from us, it is because The game has its advantage that favors the casino, that's all , that's why we have to see the advantages of knowing how to manage.

That's true, of course, when we gamble when we're emotional, we're certainly vulnerable to doing wrong things that we might not even think about in advance about what will happen with the action we're going to take, whether it's going to be dangerous or not. and with existing emotions it can cause us to experience losses due to taking careless actions. Moreover, gambling will only make us lose money, as you said, with all the money we save there, it is almost money that we will most likely lose even if we do it carefully, especially if we are not careful.

The profits in the casino will be greater and will often be obtained by the host, therefore we should be able to see that the profits that can be obtained by the player will not be as often obtained by the host, so if the gambling carried out has ended in defeat then it's better to just stop.

It's certain to see gamblers getting emotional about their losses. Because of the clarification they get once money begin to finish in the bankroll. At first when a player losses, he expects to win more. Then, he plays further and wins at some point. He thinks his expectations are coming through, yet the house also has similar expectations of winning back all the player's money.

The player only gets to realize this when all his funds has drastically gone down. Such challenges makes a gambler to think of his moves not satisfactory enough. Hence, he wouldn't think of stopping so early when he's not earned enough of his expectations. That's why at the end such gamblers get bothered at the amount of money they've lost in their gambling process.

madnessteat

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Each of us can name a few situations in which you need to stop gambling, but the most difficult in this whole story to take control. Before the gambling session, we all understand the risks of gambling and have an idea of what to do in this or that case. Only when the moment comes to make a decision to withdraw from gambling most of us ignore their risk management and continue to play until the account is not empty. The sense of excitement and dopamine do their job and fighting them is not as easy as it seems.

Topic: Know when to stop - page 3. (Read 4606 times)