No bet is a waste | Bitcointalksearch.org

danadc

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Quote from: Odusko on January 05, 2025, 08:46:53 AM

Very well, gambling is a game of chance but know that the ratio for losses is much higher than that if winning, and if you win a bet or game just know that you are closer to more losses than winning if you continue playing. We have a house edge in place to keep us at a constant disadvantage against the house, what that means is that gambling is not in the favor of the gambler but the house, so do t ever rely on gambling to make income, take both the winning and the loses as part of the fun in gambling so that you can have a balance equation in gambling per time.

That is very true, when we play what we have to do is concentrate on being able to achieve the objective which is to win, and try to keep losses to a minimum and profits high, but that is very difficult to achieve, you have to be a crack, here in the forum I have seen many who can do these things and they do well, I have tried to get strategies to do these things, and in the forum I have not seen many strategies, in the things I have searched here they talk a lot about games but not about the strategies themselves, that is why under any circumstance betting is not a waste if you know well what you are doing, if you win well and if not you learn.

Odusko

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Quote from: Hispo on January 05, 2025, 08:14:44 AM

Quote from: Odusko on January 04, 2025, 01:28:08 PM

.., we can arrive at that conclusion of gambling not being a total waste, as long as we can manage ourselves around the two basic realities of gambling.

However, it is difficult not to see gambling as a net loss, specially when we are newbies within this industry and we get too cocky with our initial wager, eventually losing it to the house. I believe it is an experience which most of the community could relate to, in those conditions, it is very difficult to see the lesson to be learnt at first, but eventually those who are clever enough will understand they cannot get over-confident when comes to wagering more money they can afford to lose to their bad luck.
Those who do not learn the lesson will undoubtedly fall into the mistake of running after their losses and translate all of it into more losses.
Either one learns from gambling or one becomes the house.

Very well, gambling is a game of chance but know that the ratio for losses is much higher than that if winning, and if you win a bet or game just know that you are closer to more losses than winning if you continue playing. We have a house edge in place to keep us at a constant disadvantage against the house, what that means is that gambling is not in the favor of the gambler but the house, so do t ever rely on gambling to make income, take both the winning and the loses as part of the fun in gambling so that you can have a balance equation in gambling per time.

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Quote from: Hispo on January 05, 2025, 08:14:44 AM

Quote from: Odusko on January 04, 2025, 01:28:08 PM

.., we can arrive at that conclusion of gambling not being a total waste, as long as we can manage ourselves around the two basic realities of gambling.

However, it is difficult not to see gambling as a net loss, specially when we are newbies within this industry and we get too cocky with our initial wager, eventually losing it to the house. I believe it is an experience which most of the community could relate to, in those conditions, it is very difficult to see the lesson to be learnt at first, but eventually those who are clever enough will understand they cannot get over-confident when comes to wagering more money they can afford to lose to their bad luck.
Those who do not learn the lesson will undoubtedly fall into the mistake of running after their losses and translate all of it into more losses.
Either one learns from gambling or one becomes the house.

The good thing is that when we arrive here we are all newbies within this industry, but we already know the mechanisms of the activity, which are practically the same compared with traditional gambling.

I would say that one of the main differences between crypto gambling and traditional is that people in general is more aware of the amount they are betting when they gamble with FIAT compared to coins and tokens. It is just an impression, perhaps based on my own experience, as I find it less difficult to bet or gamble with sats, ETH, or even USDT/C than with euros. Others also share this impression?

Hispo

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Quote from: Odusko on January 04, 2025, 01:28:08 PM

.., we can arrive at that conclusion of gambling not being a total waste, as long as we can manage ourselves around the two basic realities of gambling.

However, it is difficult not to see gambling as a net loss, specially when we are newbies within this industry and we get too cocky with our initial wager, eventually losing it to the house. I believe it is an experience which most of the community could relate to, in those conditions, it is very difficult to see the lesson to be learnt at first, but eventually those who are clever enough will understand they cannot get over-confident when comes to wagering more money they can afford to lose to their bad luck.
Those who do not learn the lesson will undoubtedly fall into the mistake of running after their losses and translate all of it into more losses.
Either one learns from gambling or one becomes the house.

danadc

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Quote from: Fredomago on January 04, 2025, 12:08:05 PM

adding more deposits and try to achieved those vip levels that will give you decent amount of bonuses and some perk that only vip can take advantage.

And that's the part that I don't like, because I'm not one to make deposits all the time, I would like to see the casino as an additional income but it's not like that, I would see it as a liability yes, but to be VIP you need to be playing a lot and those who are VIP in any casino are the bonuses worth it? I don't know, I wonder why if becoming VIP gives bonuses where it is easy to withdraw without doing much, then it may even be worth all that effort of dedication of spending money and everything that has to be fulfilled, I prefer to be an occasional player who enjoys when I play and accept if I lose.

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Quote from: Odusko on January 04, 2025, 01:28:08 PM

Quote from: LUCKMCFLY on December 26, 2024, 11:08:39 PM

Quote from: Dunamisx on December 24, 2024, 01:00:44 PM

Well said, betting can not be a waste when we know the right thing to do and expect with gambling, even though we can also understand that not everyone knows how to gambling with the right expectations, because some will only bear in mind a single focus or approach about gambling, instead of them to learn and accept it the way it is, gambling is not what everyone of us can do and turned a waste if we know what we are doing and we are not chasing after a wrong motive like making money form it or doing it irresponsibly.

Yes, before betting we must have a goal and that goal is obviously to win, but we must not seek it by any means risking a lot of money, the bad thing about exceeding ourselves in the game is betting with more money, with that money that we should not bet, when that happens it is because things get out of control and that is what leads us to unprecedented addictions, that is why we talk about responsibility, because the responsibility to go play in a casino or to place a bet must begin with our money management, that is the secret.

My thoughts on this topic again are that gambling is not a waste only when we approach gambling with the dual mindset that regardless of the outcome we choose one of the possible realities, and the two realities in gambling are either win or lose, so gambling is not a waste when you win the game and earn the money from it, and also gambling will not be a waste of you lose the game, but learn your lesson and use it for future gambling as an experience, so, in the end, we can arrive at that conclusion of gambling not being a total waste, as long as we can manage ourselves around the two basic realities of gambling.

Some can prove their own way of no gambling is a waste by being their way of responsible gambling, when they have something to show from their gambling records over the years, these could say a lot that they are not wasting time on anything, because they are mindful of the way they gambles and they are also improving form time to time by all the strategies used by them, all these changes are what can make us not to consider every bet a waste, because we at least learn something from each.

Odusko

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Quote from: LUCKMCFLY on December 26, 2024, 11:08:39 PM

Quote from: Dunamisx on December 24, 2024, 01:00:44 PM

Well said, betting can not be a waste when we know the right thing to do and expect with gambling, even though we can also understand that not everyone knows how to gambling with the right expectations, because some will only bear in mind a single focus or approach about gambling, instead of them to learn and accept it the way it is, gambling is not what everyone of us can do and turned a waste if we know what we are doing and we are not chasing after a wrong motive like making money form it or doing it irresponsibly.

Yes, before betting we must have a goal and that goal is obviously to win, but we must not seek it by any means risking a lot of money, the bad thing about exceeding ourselves in the game is betting with more money, with that money that we should not bet, when that happens it is because things get out of control and that is what leads us to unprecedented addictions, that is why we talk about responsibility, because the responsibility to go play in a casino or to place a bet must begin with our money management, that is the secret.

My thoughts on this topic again are that gambling is not a waste only when we approach gambling with the dual mindset that regardless of the outcome we choose one of the possible realities, and the two realities in gambling are either win or lose, so gambling is not a waste when you win the game and earn the money from it, and also gambling will not be a waste of you lose the game, but learn your lesson and use it for future gambling as an experience, so, in the end, we can arrive at that conclusion of gambling not being a total waste, as long as we can manage ourselves around the two basic realities of gambling.

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Quote from: danadc on January 03, 2025, 08:51:03 PM

Quote from: EarnOnVictor on January 02, 2025, 11:58:32 PM

This is nonsensical for any gambler to do, I have never for once thought I want to achieve a VIP status, my focus in gambling is to make money in sports betting and have fun in casino settings. Even with sports betting, I ensure that I take it lightly as I have never viewed gambling as a responsible means to rely on for daily bread. This is why the privileges of VIP don't concern me as such, all I want from my casino and sports books is good services and not some kind of status that might put me and my account in trouble of desperation/addiction and ruin.

That's a very stealthy and conservative way of looking at the game, each person has their own way of interpreting and playing as they want, for some players the VIP status is important because of the amount of prizes and bonuses that they can give to those who have this badge, but for me it's not a priority either, I don't play much, so to Become a VIP I would have to play for about 50 more years and in a row, and I don't know if I can and want to do that, so I don't complicate things, I try to have a good time with the casino, not to spend a lot of money and if I win , enjoy my winnings.

Much better if you do that, instead of aiming for something that involves decent amount of money to wager, it's good just to treat it as source of entertainment and not as a surce financial income, though some gamblers are willing to take that big risk, adding more deposits and try to achieved those vip levels that will give you decent amount of bonuses and some perk that only vip can take advantage.

danadc

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Quote from: EarnOnVictor on January 02, 2025, 11:58:32 PM

This is nonsensical for any gambler to do, I have never for once thought I want to achieve a VIP status, my focus in gambling is to make money in sports betting and have fun in casino settings. Even with sports betting, I ensure that I take it lightly as I have never viewed gambling as a responsible means to rely on for daily bread. This is why the privileges of VIP don't concern me as such, all I want from my casino and sports books is good services and not some kind of status that might put me and my account in trouble of desperation/addiction and ruin.

That's a very stealthy and conservative way of looking at the game, each person has their own way of interpreting and playing as they want, for some players the VIP status is important because of the amount of prizes and bonuses that they can give to those who have this badge, but for me it's not a priority either, I don't play much, so to Become a VIP I would have to play for about 50 more years and in a row, and I don't know if I can and want to do that, so I don't complicate things, I try to have a good time with the casino, not to spend a lot of money and if I win , enjoy my winnings.

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Quote from: Dunamisx on January 02, 2025, 12:24:28 PM

Quote from: delfastTions on January 02, 2025, 03:42:20 AM

Quote from: khaled0111 on December 28, 2024, 03:14:47 PM

Quote from: Dunamisx on December 28, 2024, 01:30:22 PM

This kind of mentality of thinking how much to make in gambling will make most lose focus and eventually earned nothing form it, gambling is not what we can see as a source to making money, or been too greedy in making quick achievements from it, maybe some of us are forgetting already that it is supposed to be for having fun and not for making fund

You should not think of gambling as steady source of income or as a way to become rich quickly. I agree with you on that.
But let’s be more realistic. It’s the possibility of hitting a big win, from time to time, what really attracts gamblers and makes gambling a fun and interesting activity.
Most of the games you see on online casinos exist on demo mode. You can play the exact same game for free. So, why do you think people still play with real money?
Personally, I don’t mind this kind of dreams as long as they don’t affect your jugement and your ability to make the right decisions and, most importantly, it won’t make you gamble more than what you can afford to lose.

That's right!
This is a great rule that everyone knows well, but not everyone follows it properly. And by the way, for many people who are in a state of extreme excitement during the game and after another loss, following this rule is very difficult. Because the temptation to make another bet when you have run out of money that you can afford to lose is so great and the hope for winning and winning back is so great that it is almost impossible to resist.
This is how things are for some gamblers.

I also understand that gambling should be for fun as you have all said, we should not join others in making it look more of an investment whereby we make money from it, if not, others will take our experience as their own learning ground after seeing us with the way we often lose in gambling, instead we should try to at least learn something new, even from our daily experience in gambling, we have something to get or learn.

By the way, in my opinion, gambling is an excellent tool for teaching a person endurance, self-control and the ability to suppress their emotions. This is an excellent training of such important human qualities. And this is another feature of gambling, which, as a rule, no one pays attention to. However, such a function of training important personality traits takes place and is a positive quality of gambling in general.

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Quote from: Z_MBFM on December 27, 2024, 12:25:00 AM

Many gamblers are addicted to achieving big VIP rank on gambling sites, some are addicted to earning money and some are addicted to having fun. Speaking from this point of view, when one's objective is fulfilled even after losing a lot, his betting cannot be called a waste.

This is nonsensical for any gambler to do, I have never for once thought I want to achieve a VIP status, my focus in gambling is to make money in sports betting and have fun in casino settings. Even with sports betting, I ensure that I take it lightly as I have never viewed gambling as a responsible means to rely on for daily bread. This is why the privileges of VIP don't concern me as such, all I want from my casino and sports books is good services and not some kind of status that might put me and my account in trouble of desperation/addiction and ruin.

Dunamisx

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Quote from: delfastTions on January 02, 2025, 03:42:20 AM

Quote from: khaled0111 on December 28, 2024, 03:14:47 PM

Quote from: Dunamisx on December 28, 2024, 01:30:22 PM

This kind of mentality of thinking how much to make in gambling will make most lose focus and eventually earned nothing form it, gambling is not what we can see as a source to making money, or been too greedy in making quick achievements from it, maybe some of us are forgetting already that it is supposed to be for having fun and not for making fund

You should not think of gambling as steady source of income or as a way to become rich quickly. I agree with you on that.
But let’s be more realistic. It’s the possibility of hitting a big win, from time to time, what really attracts gamblers and makes gambling a fun and interesting activity.
Most of the games you see on online casinos exist on demo mode. You can play the exact same game for free. So, why do you think people still play with real money?
Personally, I don’t mind this kind of dreams as long as they don’t affect your jugement and your ability to make the right decisions and, most importantly, it won’t make you gamble more than what you can afford to lose.

That's right!
This is a great rule that everyone knows well, but not everyone follows it properly. And by the way, for many people who are in a state of extreme excitement during the game and after another loss, following this rule is very difficult. Because the temptation to make another bet when you have run out of money that you can afford to lose is so great and the hope for winning and winning back is so great that it is almost impossible to resist.
This is how things are for some gamblers.

I also understand that gambling should be for fun as you have all said, we should not join others in making it look more of an investment whereby we make money from it, if not, others will take our experience as their own learning ground after seeing us with the way we often lose in gambling, instead we should try to at least learn something new, even from our daily experience in gambling, we have something to get or learn.

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Quote from: Slow death on December 28, 2024, 10:17:02 AM

Many people initially bet the maximum amount of money they are willing to lose, but the problem begins when these people start to have a losing streak. They lose their minds and start to make bets guided by feelings. They start to chase losses and ignore all the limits they have placed on themselves. For example, a person is a government employee who earns a salary of $1,000. When he pays all his bills, he has $100 left to gamble. That's $100 that he will have to gamble throughout the month. When this person has a losing streak and loses $50 quickly and sees that there are still 25 days left before he gets his salary again, then this person will chase losses because he is afraid of running out of money early and not having any more money to gamble, or because he does not accept losing money.

What you say is very true, things when it comes to policies can work out like that, so in view of this you have to control yourself so as not to lose what you carry, well that reminds me of when I started playing for the first time in dice games, I applied martingale and when I saw it was that my balance was almost at zero, it is an unpleasant feeling when you lose everything, but I think that in the end people learn that that should not be done, control should always be in spending only what we can lose without touching the money for our commitments.

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Quote from: khaled0111 on December 28, 2024, 03:14:47 PM

Quote from: Dunamisx on December 28, 2024, 01:30:22 PM

This kind of mentality of thinking how much to make in gambling will make most lose focus and eventually earned nothing form it, gambling is not what we can see as a source to making money, or been too greedy in making quick achievements from it, maybe some of us are forgetting already that it is supposed to be for having fun and not for making fund

You should not think of gambling as steady source of income or as a way to become rich quickly. I agree with you on that.
But let’s be more realistic. It’s the possibility of hitting a big win, from time to time, what really attracts gamblers and makes gambling a fun and interesting activity.
Most of the games you see on online casinos exist on demo mode. You can play the exact same game for free. So, why do you think people still play with real money?
Personally, I don’t mind this kind of dreams as long as they don’t affect your jugement and your ability to make the right decisions and, most importantly, it won’t make you gamble more than what you can afford to lose.

That's right!
This is a great rule that everyone knows well, but not everyone follows it properly. And by the way, for many people who are in a state of extreme excitement during the game and after another loss, following this rule is very difficult. Because the temptation to make another bet when you have run out of money that you can afford to lose is so great and the hope for winning and winning back is so great that it is almost impossible to resist.
This is how things are for some gamblers.

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Quote from: Dunamisx on December 28, 2024, 01:30:22 PM

This kind of mentality of thinking how much to make in gambling will make most lose focus and eventually earned nothing form it, gambling is not what we can see as a source to making money, or been too greedy in making quick achievements from it, maybe some of us are forgetting already that it is supposed to be for having fun and not for making fund

You should not think of gambling as steady source of income or as a way to become rich quickly. I agree with you on that.
But let’s be more realistic. It’s the possibility of hitting a big win, from time to time, what really attracts gamblers and makes gambling a fun and interesting activity.
Most of the games you see on online casinos exist on demo mode. You can play the exact same game for free. So, why do you think people still play with real money?
Personally, I don’t mind this kind of dreams as long as they don’t affect your jugement and your ability to make the right decisions and, most importantly, it won’t make you gamble more than what you can afford to lose.

Dunamisx

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Quote from: Ever-young on December 28, 2024, 11:42:13 AM

Quote from: LUCKMCFLY on December 26, 2024, 11:08:39 PM

Yes, before betting we must have a goal and that goal is obviously to win, but we must not seek it by any means risking a lot of money, the bad thing about exceeding ourselves in the game is betting with more money, with that money that we should not bet, when that happens it is because things get out of control and that is what leads us to unprecedented addictions, that is why we talk about responsibility, because the responsibility to go play in a casino or to place a bet must begin with our money management, that is the secret.

That's correct, but one of the things that usually leads people to lose focus on their financial management and risk more in betting is when they allow what could be benefitted from the game to blind their thinking.

When a gambler starts thinking about how much could be made if they bet with a certain amount rather than a certain amount, not considering what the effect will be if they lose that bet, at that stage the gambler no longer knows what financial management is; some believe in the theory no risk, no gain,which motivates them to wager with a higher amount.

This kind of mentality of thinking how much to make in gambling will make most lose focus and eventually earned nothing form it, gambling is not what we can see as a source to making money, or been too greedy in making quick achievements from it, maybe some of us are forgetting already that it is supposed to be for having fun and not for making fund, this will help us think more appropriately concerning the bets we are taking as well as how we often manage the risk in them effectively as according to how we could afford.

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Quote from: LUCKMCFLY on December 26, 2024, 11:08:39 PM

Yes, before betting we must have a goal and that goal is obviously to win, but we must not seek it by any means risking a lot of money, the bad thing about exceeding ourselves in the game is betting with more money, with that money that we should not bet, when that happens it is because things get out of control and that is what leads us to unprecedented addictions, that is why we talk about responsibility, because the responsibility to go play in a casino or to place a bet must begin with our money management, that is the secret.

That's correct, but one of the things that usually leads people to lose focus on their financial management and risk more in betting is when they allow what could be benefitted from the game to blind their thinking.

When a gambler starts thinking about how much could be made if they bet with a certain amount rather than a certain amount, not considering what the effect will be if they lose that bet, at that stage the gambler no longer knows what financial management is; some believe in the theory no risk, no gain,which motivates them to wager with a higher amount.

Fredomago

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Quote from: LUCKMCFLY on December 28, 2024, 09:31:26 AM

Quote from: Z_MBFM on December 27, 2024, 12:25:00 AM

Every gamblers goal is winning no one want loss in game be it earning purpose or fun win is always goal. but But here, the more enthusiastic a gambler is about his gambling and the more he sets the target of winning an amount, the more he will suffer because high expectations are always bad in gambling.

This is very true in that when you go into a casino you always want to win and sometimes you set goals that can be very high and sometimes the game does not allow it, it is difficult to do so since there is that house advantage that sometimes does not let us win , and to set big goals you have to have a lot of money to be able to try to meet them and it is still Something that I do not advise, I would say that the only goal that you should set first is the amount of money that you are willing to lose, because that is the biggest limitation of the game.

Agree to that, if you are using spare or certain amount that you are willing to let go, there's something inside you that will feel the satisfaction but will not push you to keep adding more money, it's best to have that limitation on both side, losing amount and a target amount if luck permits you to win.

Just like both of you said, gamblers even those who are just aiming to have some fun they also wanted to win as it will adds up to the pleasure that they recieve after engaing to any types of gambling that they intend to play.

Slow death

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Quote from: LUCKMCFLY on December 28, 2024, 09:31:26 AM

Quote from: Z_MBFM on December 27, 2024, 12:25:00 AM

Every gamblers goal is winning no one want loss in game be it earning purpose or fun win is always goal. but But here, the more enthusiastic a gambler is about his gambling and the more he sets the target of winning an amount, the more he will suffer because high expectations are always bad in gambling.

This is very true in that when you go into a casino you always want to win and sometimes you set goals that can be very high and sometimes the game does not allow it, it is difficult to do so since there is that house advantage that sometimes does not let us win , and to set big goals you have to have a lot of money to be able to try to meet them and it is still Something that I do not advise, I would say that the only goal that you should set first is the amount of money that you are willing to lose, because that is the biggest limitation of the game.

Many people initially bet the maximum amount of money they are willing to lose, but the problem begins when these people start to have a losing streak. They lose their minds and start to make bets guided by feelings. They start to chase losses and ignore all the limits they have placed on themselves. For example, a person is a government employee who earns a salary of $1,000. When he pays all his bills, he has $100 left to gamble. That's $100 that he will have to gamble throughout the month. When this person has a losing streak and loses $50 quickly and sees that there are still 25 days left before he gets his salary again, then this person will chase losses because he is afraid of running out of money early and not having any more money to gamble, or because he does not accept losing money.

LUCKMCFLY

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Quote from: Z_MBFM on December 27, 2024, 12:25:00 AM

Every gamblers goal is winning no one want loss in game be it earning purpose or fun win is always goal. but But here, the more enthusiastic a gambler is about his gambling and the more he sets the target of winning an amount, the more he will suffer because high expectations are always bad in gambling.

This is very true in that when you go into a casino you always want to win and sometimes you set goals that can be very high and sometimes the game does not allow it, it is difficult to do so since there is that house advantage that sometimes does not let us win , and to set big goals you have to have a lot of money to be able to try to meet them and it is still Something that I do not advise, I would say that the only goal that you should set first is the amount of money that you are willing to lose, because that is the biggest limitation of the game.

Topic: No bet is a waste (Read 5389 times)