little knowledge about gambling - before I knowing bitcointalk.org forum - page 3.

Oasisman

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Quote from: Mbah_Google on January 24, 2022, 10:45:40 PM

1. Know when is the right time to stop playing.
2. Set limits and monitor your money.
3. Safeguard your budget.

This is the classic example of " It's easier said than done."
No matter how you sugarcoat and label it as "responsible" gambling- gambling is still an irresponsible act itself.
I don't want to sound hypocrite here because I too gambles.
Now, the best advice you could give to a gambler is to never lose yourself, your family, and everybody you care.

Knowing when yo stop gambling, set limits on bet, safeguard your budget? Nah, that's all bullcrap!
I bet nobody is doing that seriously. As long they have set aside a gambling budget gamblers would always find a way to use it.

AicecreaME

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Quote from: Mbah_Google on January 24, 2022, 10:45:40 PM

As we know that Gambling offers players the chance to pocket a lot of money, but it can also lead to significant monetary losses (which we all had). Even though I'm new to this forum, but I want to share a little experience related to gambling on various online sites. While you may hear it often, here's a snippet:
1. Know when is the right time to stop playing.
2. Set limits and monitor your money.
3. Safeguard your budget.
The best gamblers I know are constantly vigilant and always evaluate the balance between losses and gains.
And The best advice I could give to someone who wants to start gambling is probably to never start gambling to win. It's definitely the worst approach that in the long run leads to the financial ruin of any novice gambler.

I disagree with your statement that says do not gamble just to win because that reason is the main thing people aspire to achieve the moment they start gambling. Nobody wants to gamble with the end result of losing for sure. I guess what's more appropriate to say is that people should not put gambling into the pedestal so that they won't be lost later on. Because I've heard so many testimonies that they let gambling the best of them and they didn't stop when in fact they should. Learn to set up limitations and boundaries so that you won't end up with an empty account and pile of debts to pay for. You shouldn't let your emotions get the best of you in gambling, may the situation be favorable or not to you.

In addition, when you gamble, consider the money gone because gambling is a high risk hobby or income generator that the probability of winning isn't really certain. You should only risk what you can afford to lose. Discipline is one of the keys to not being a slave of gambling. You are responsible for yourself and funds, therefore, you must do your utmost ability to protect it.

madnessteat

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Quote from: D-law on January 27, 2022, 04:25:09 AM

^

What strategies to come back with? I have played with many strategies and in the long run none of them will help make money. In gambling, you can only count on luck and play not to win but to have a good time and have fun. You can endlessly change the strategy of the game, but you can not cheat the theory of probability and mathematical expectation.

D-law

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Quote from: bering on January 25, 2022, 07:07:15 AM

From OP statements i personally have simple thought that self control while gambling and it necessary to optimize the meaning of gambling because the true purposse from gambling basically for fun and entertainment because if people thought starting gambling to earn money then they are totally wrong and if this happend people can never accept their losses which lead them to unexpected things

Self control, Discipline and Good decisions helped greatly in gambling.
Placing a standard, what I meant is that, you keep a particular amount you're to spend and use for gambling, once it exceeds that you stop.
Also you should know when to stop when you're not having enough profit from gambling, you should stop and come back with good gambling strategies.

Oshosondy

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Gamble responsibly

Quote from: Mbah_Google on January 24, 2022, 10:45:40 PM

2. Set limits and monitor your money.

This is the most important thing about gambling, gamblers should set a limit which should not be more than 5% of their income. Like me I use less than 5% of my income, it is 2% or 3% most of the time. Ever since I have this kind of strategy and a sense of thinking that I cannot make money from gambling, it pays me than before and yet gambling is not a means someone should look for money for gambling addiction not to set.

Quote from: aioc on January 27, 2022, 03:41:42 AM

Coming from my experience, you will never realize that you need total control unless you lose a huge amount of money and you are on a brink of bankruptcy

That is true but not true in few cases. I have friends that do not gamble at all, I have some friends that only gamble with just little amount of money like $0.2 daily and not frequent but when looking for small change to spend. They lost at times but sometimes they are lucky. I believe when this type of people are rich, that will be the end of gambling for them.

Some many people can become addicted and some would have experienced this before they are making moves to prevent further lossee to happen again.

aioc

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Quote from: Mbah_Google on January 24, 2022, 10:45:40 PM

1. Know when is the right time to stop playing.
2. Set limits and monitor your money.
3. Safeguard your budget.
The best gamblers I know are constantly vigilant and always evaluate the balance between losses and gains.
And The best advice I could give to someone who wants to start gambling is probably to never start gambling to win. It's definitely the worst approach that in the long run leads to the financial ruin of any novice gambler.

Coming from my experience, you will never realize that you need total control unless you lose a huge amount of money and you are on a brink of bankruptcy, almost losing everything took me a lot of mediation and realization that gambling is not a way to make money and I have to beat my demons and moderate my greed, so far I'm succeeding but always a struggle to have total control, all that you've mentioned cannot be implemented until you experience how it feels like losing a lot.

ethereumhunter

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Quote from: Lordhermes on January 26, 2022, 11:54:17 PM

I knew about gambling right from when I was small,but I didn't gamble.I was told that if I gamble,I will be frustrated in life and will have nothing as my possession,but now I know that those things were misconceptions by our parents who never wanted us to try anything called gambling.
I still have those thought that my parents had now in my head because I was brought up by them,but I gamble sometimes,which gives me the experience that what they saw and said then was close to the truth.

I think that is not a misconception by our parents but a suggestion to us when we were kids because we do not know how it feels to become addicted to gambling. If our parents can explain the danger of gambling to our lives with a simple example, I think we can know and understand that they want to show that gambling can ruin our lives and do not want to see us become addicted. You can play gambling but with control, so you can take care of yourself and avoid the addiction.

rodskee

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Quote from: Mbah_Google on January 24, 2022, 10:45:40 PM

As we know that Gambling offers players the chance to pocket a lot of money, but it can also lead to significant monetary losses (which we all had). Even though I'm new to this forum, but I want to share a little experience related to gambling on various online sites. While you may hear it often, here's a snippet:
1. Know when is the right time to stop playing.
2. Set limits and monitor your money.
3. Safeguard your budget.
The best gamblers I know are constantly vigilant and always evaluate the balance between losses and gains.
And The best advice I could give to someone who wants to start gambling is probably to never start gambling to win. It's definitely the worst approach that in the long run leads to the financial ruin of any novice gambler.

Great advise , but have you tried applying those to your own ? i mean are you a former gambler that experience huge losses or even losing job or family?

because most of them have the same experience that's why they can advise such thing .

Quote from: ?? on ??

I believe before anyone will dive into gambling he/she may have hard a clear thought of what is at stake and what is required to make a good winning during the game. Winning and time management is a crucial aspect in gambling.

Winning will always rely on how we manage our gambling activities .

xSkylarx

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Quote from: ?? on ??

I believe before anyone will dive into gambling he/she may have hard a clear thought of what is at stake and what is required to make a good winning during the game. Winning and time management is a crucial aspect in gambling.

Not only that, but you should be aware that you will lose all of the money you have invested in gambling. You should only gamble for entertainment purposes rather than for profit, because you will end up hurt and out of pocket completely if you do. The knowledge is only required for those card games because they require strategy, as opposed to slot machines, which only require money and luck. However, I discovered some strategies that worked in the past but no longer work because the game has been fixed, despite the fact that it still has a strategy.

Lordhermes

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I knew about gambling right from when I was small,but I didn't gamble.I was told that if I gamble,I will be frustrated in life and will have nothing as my possession,but now I know that those things were misconceptions by our parents who never wanted us to try anything called gambling.
I still have those thought that my parents had now in my head because I was brought up by them,but I gamble sometimes,which gives me the experience that what they saw and said then was close to the truth.

LUCKMCFLY

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Quote from: Mbah_Google on January 24, 2022, 10:45:40 PM

As we know that Gambling offers players the chance to pocket a lot of money, but it can also lead to significant monetary losses (which we all had). Even though I'm new to this forum, but I want to share a little experience related to gambling on various online sites. While you may hear it often, here's a snippet:
1. Know when is the right time to stop playing.
2. Set limits and monitor your money.
3. Safeguard your budget.
The best gamblers I know are constantly vigilant and always evaluate the balance between losses and gains.
And The best advice I could give to someone who wants to start gambling is probably to never start gambling to win. It's definitely the worst approach that in the long run leads to the financial ruin of any novice gambler.

A recent article I read on this topic was that they recommend playing when you are in a good mood and not stressed, you can get it in the Bitcasino.io thread, there are many factors that you have taken into account for the game, but also I think that another factor is trying to manage emotions when you are betting, it is also not good to make bets using the martingale when there is a moment of desperation.

I understand budget management as having an amount of money that you allocate, and this is willing to lose.

DoublerHunter

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Quote from: Mbah_Google on January 24, 2022, 10:45:40 PM

~snip~
And The best advice I could give to someone who wants to start gambling is probably to never start gambling to win. It's definitely the worst approach that in the long run leads to the financial ruin of any novice gambler.

^ This is good advice and I even applied this to myself.
Dont chase on winning, don't chase on profit and don't think about revenge when you are gambling especially in the house edge, you will never win.
When you feel those I mentioned above, just take a break and come back when you are okay the next day, the more of chasing that happen it will distract your gameplay which has a bad result. We have learned a lot here in Bitcointalk, we are aware of possible addiction which is good that we are here. I don't think there if someone here who belongs to gambling addiction.

Rengga Jati

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Quote from: YOSHIE on January 24, 2022, 11:31:46 PM

Quote from: Mbah_Google on January 24, 2022, 10:45:40 PM

And The best advice I could give to someone who wants to start gambling is probably to never start gambling to win.

So, gamble if not to win, why do people gamble, I don't accept that advice, I gamble to win, if not to win I won't gamble.

I consciously and logically agree with you. I read some replies about clarifying statements. But logically, why play gambling if not to win. Why do we waste money thinking that we don't want to win but just play gambling for fun?
Come on, today, why do we burn money, yes to get more money. If we don't expect to win, just play normal games, don't gamble. Because if we don't have a target to win, then we will relax and not strategize how we do it to win. That is why before doing gambling, we must need to learn at first about what we are going to do, what we need to think about gambling, whether we are skillful or lucky or not in that gambling. If we play on gambling and will not prioritize winning, how much we should spend and not expect for winning?
Yeah, I really don't think about this idea. But I know everyone has their own opinion.

Quote from: noorman0 on January 25, 2022, 12:35:20 AM

Gambling is determined by luck and there are many people with poor emotional control (like me).

Gambling is not only all about luck, there is also gambling about skill. That is why before gambling, we must understand whether we are ready at all with our emotion, skill, luck, and money.

carlfebz2

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Quote from: madnessteat on January 26, 2022, 03:42:35 PM

Quote from: swogerino on January 26, 2022, 01:49:36 PM

I think first and foremost is the importance to get to know and realize that there are games of luck and games of skill.At games of luck you are playing a completely truly 100% random game and you are just gambling in the true meaning of the word,you are guaranteed to lose money over the long run by playing these type of games which the most well known are dice and slots.There are also games where skill is much more relevant than luck although luck is also a factor in such games,those are for example texas holdem poker where your knowledge of the game is considered a skill and if you are good at it here you can win in the long run.

Know the differences and then choose where to play would be the first step.

In my opinion, even with hold'em poker, there's a fairly high probability of losing in the long run because the cards are dealt completely randomly and throughout the game you will come across players with a higher level of skill. Of course the probability of losing is lower than when playing slots, but you still need to take these risks into account.

When dealing with gambling then risks would be always there no matter if you are playig strategic or luck based ones because we know that it do still need that luck for you to win.

The difference here is on the odds of winning.Games that has HE vs none, pure luck vs strategic type.You could really tell the difference if you do play on it.Gambling is risky and should really be played for fun and never go into certain extent on which you do really expect something more from it.

Falconer

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Quote from: molsewid on January 26, 2022, 08:03:55 AM

One of the main motives of gambler why they gambling is the winning prizes and that's odd if gambler start gambling without this motive or maybe some are just there for fun and entertaining themselves but the winning prizes are quite attractive right to give you the energy to be competitive to get it. Tmat the end of the day being a gambler must always have come with a self responsibilit to have a limitation and control. Monetary losses is inevitable in gambling but the metrics of how much do you want or afford to lose depends on the gambler.

Most of the gambling activity is done to make money, but many people obscure it by saying it is for fun. Why would they want to fool themselves about what from gambling really wants? That's the weird part of the gambler in my opinion.

I am honest that gambling for me is another way to get lucky from winning bets. It doesn't matter a little or a lot because only victory can make us laugh, while defeat is something that upsets us. This is the logic even though it doesn't actually recommend excessive gambling. Indeed, there are some gamblers who just fill their spare time for fun, but only a few use online sites to gamble because they are quite common in physical casinos.

madnessteat

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Quote from: swogerino on January 26, 2022, 01:49:36 PM

I think first and foremost is the importance to get to know and realize that there are games of luck and games of skill.At games of luck you are playing a completely truly 100% random game and you are just gambling in the true meaning of the word,you are guaranteed to lose money over the long run by playing these type of games which the most well known are dice and slots.There are also games where skill is much more relevant than luck although luck is also a factor in such games,those are for example texas holdem poker where your knowledge of the game is considered a skill and if you are good at it here you can win in the long run.

Know the differences and then choose where to play would be the first step.

In my opinion, even with hold'em poker, there's a fairly high probability of losing in the long run because the cards are dealt completely randomly and throughout the game you will come across players with a higher level of skill. Of course the probability of losing is lower than when playing slots, but you still need to take these risks into account.

Fesatmas

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Quote from: michellee on January 26, 2022, 11:41:34 AM

Having control is the number 1 for me. You must have good control if you play gambling because when you win, you can easily tempt to continue and try to win more. Maybe we do not intend to win, but after we win, we feel something different, which could make us stay for more. Many gamblers break their own rules because of their winning and can not control their emotions so it is better to take a break after you win to reduce your tension.

Well, I totally agree with you, control is the most important thing, and should still make it full control over a gambler. After all, a gambler who only follows greed will only end in defeat. Controlling losses is like limiting gambling to just under $100 per week and as much as possible the gambler should still think gambling is a game of luck. no less no more.

AhmadM

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Quote from: naira on January 26, 2022, 12:31:16 PM

Quote from: Xinarae* on January 26, 2022, 08:04:32 AM

~ choose different times of the day or night and look for the winning percentage to get on your way. You need to be careful and vigilant about spending all your money never be too greedy and never lose all the wins in one day.

Are tricks or solutions like this really effective for luck-based gambling? because so far no one has ever guessed when the ideal time to enter. Only from lip to lip and as if it would become a widespread belief. ~

There might be some individuals who suit with such kind of tricks, generally it isn't working at all or might be useless. Not to mention in my honest opinion the right or ideal times here are too ambiguous which tends to be a baseless mindset I guess, rather than the right or ideal times I'd like to say that our lucks is the most important thing which determines the winning rates of each session.

swogerino

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I think first and foremost is the importance to get to know and realize that there are games of luck and games of skill.At games of luck you are playing a completely truly 100% random game and you are just gambling in the true meaning of the word,you are guaranteed to lose money over the long run by playing these type of games which the most well known are dice and slots.There are also games where skill is much more relevant than luck although luck is also a factor in such games,those are for example texas holdem poker where your knowledge of the game is considered a skill and if you are good at it here you can win in the long run.

Know the differences and then choose where to play would be the first step.

Silberman

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Quote from: traderethereum on January 25, 2022, 12:16:22 AM

All is good but I guess you should add some more to know where you should gamble so you do not pick the wrong gambling site to deposit and always control your emotion.
By searching on this forum, I am sure you will find many recommended gambling sites that will be your favorite sites later because they give their best services to their members.
You can advise like that, but we do not know if they will follow your suggestion or still be curious to play gambling.
We can let them decide what they want to do.

Even if this may seem as common sense to someone it is really important to follow this kind of advice, and the reason for it is that just as newbies invest in any coin thinking they are investing in the next bitcoin they also deposit their coins in any casino thinking that all casinos are the same, and this is not the case, now they may get lucky and gamble in one of the many good casinos that we have in the community, but they could also deposit their coins with a bunch of scammers and we know that once they do that there is no way to recover that money.

Topic: little knowledge about gambling - before I knowing bitcointalk.org forum - page 3. (Read 716 times)