No bet is a waste - page 2. | Bitcointalksearch.org

LUCKMCFLY

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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.

Hispo

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Quote from: AmoreJaz on December 23, 2024, 12:44:48 PM

Quote from: Hispo on December 23, 2024, 12:24:03 PM

Quote from: Tmoonz on December 23, 2024, 11:40:55 AM

I don't agree with you on this @ op, any bet lose is a waste, and there is nothing we can get from it neither can it be reversed, it is a total waste of time, energy and resources, we can't even learn anything from the bet we lose but rather we can only wish that our bet playout as expected, gambling is more like a try and error where at most times we get lucky to have a winning and some times we lost too, but yeah there is nothing wrong given out games, it is individual choice to use it or not to gambling.

So you believe there is nothing to be learnt from losses? Because in my experience and have read many people here in the gambling section of the forum, it seems to be most of people have learnt something from their losses, specially when they happen to lose a significant amount of money for the first time.
Though, I understand your perspective, the ideal scenario is always to win money from our predictions, but it is almost impossible to reach such level of accuracy. There is something we can get out our winning (money) there must be something we can also get out our losses, call it experience, or whatever... but in this life not all has to be binary, negative or positive, if we lost money, it could be a wake up call for us to change the way we manage our money.

I believe there's always a lesson learned from any losses, whether in gambling or not. Because if the loss is significant, it will surely create something to ponder on and see where you got the mistake. And maybe next time, you will be more attentive to what you are doing and see where you can improve with the next bet. Losses will have impact if the money spent was for some necessary things and not really for gambling. That's when it will have some sort of influence in your next decision.

...What it hurts allows us to learn, whether we like it or not. There are people who only learn when things go south, because it is easier to see what we failed at when we lose money than when we make money (even if it is a little bit of it).
When comes to betting and gambling, one can only learn bankroll management by gambling but not much beyond that, on the other hand, there is more to learn from betting, if one has enough time and energy to analyze the history of teams and the performance they have through time, increasing once edge against other bettors who do not have as much time to analyze and learn from past matches.
Beginner's luck can be quite a trap in sport betting if one does not recognize it and gets carried away by it.

Ojima-ojo

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Quote from: Dunamisx on December 26, 2024, 02:28:39 PM

No bet is a waste as we all have contributed and this is when we are also not contributing in making it a waste, this could be from how we are gambling, the kind of games we play and the overall performance we made in respect to our decision making with gambling, we can't deny that to an extent, some individual couldn't manage to control the way theu gamble and nothing is yet improving from how they have been used to gambling over the years, while some couldn't afford wasting their time as well as gambling opportunities without learning something from it.

Gambling has to do with self-control and measurement and the kind of games you choose to play and how you play them, we as gamblers need to create that fundamental understanding and acceptance of the nature of gambling before we even start because we need to be disciplined enough to measure our level of spending and setting limits to follow while gambling.

It's also important that we learn to take whatever results come from our games session or bets, and not try to chase the losses for whatever reason at any time if we have already exhausted our limits.

Dunamisx

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No bet is a waste as we all have contributed and this is when we are also not contributing in making it a waste, this could be from how we are gambling, the kind of games we play and the overall performance we made in respect to our decision making with gambling, we can't deny that to an extent, some individual couldn't manage to control the way theu gamble and nothing is yet improving from how they have been used to gambling over the years, while some couldn't afford wasting their time as well as gambling opportunities without learning something from it.

delfastTions

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Quote from: Slow death on December 24, 2024, 06:23:07 PM

Quote from: Dunamisx on December 23, 2024, 05:55:56 PM

Quote from: Fivestar4everMVP on December 20, 2024, 02:06:43 AM

Quote from: Dunamisx on December 19, 2024, 04:12:08 PM

Most of us gambling have the strong conviction that no bet is a waste because we are always gambling under a cause and this is done because we are more sure of what we are doing, if we can tell about the previous gambling experience and what we have drawn out of them, how we can relate to the present time and get more closeness to accurate gambling expectations, then we can believe along that no bet is a waste from us as long as we have something to take or learn from it.

"No bet is a waste" I believe is a statement that is absolutely irrelevant as long as gambling is concerned. I have shared my point of view on this topic several times, and maybe I initially supported this, but my stand have changed after giving this topic a deeper thought.

We could use any criteria to determine whether a bet played is a waste or not, gambling is very dynamic and we have to broaden the way through which we see it as well, whenever we gamble and learn something new, then we have realized making an achievement in that, which can also be regarded not being a waste, because there is something taken out of it, which doesn't have to matter whether we win or loss.

In my opinion, gambling can be seen as a waste, because when we take $10 and decide to go play at a casino, those $10 are more likely not to come back. So we have to get it into our heads that if I'm going to use the $10 to gamble, then we can't count on the $10 anymore. We also have to get it into our heads that if we lose everything, we'll leave the casino more angry than when we went in, so we can't consider that we had fun at the casino. So we can say that it was a waste to have gone to gamble. Now, if the person is lucky enough to leave with more than $10, then they won't say it was a waste. Even going to the beach or to a restaurant is a waste. But since these are things that people like, then they can continue to gamble, going to the beach because the most important thing is that they can spend their money on things they like to do.

It seems to me that people leave the casino in completely different ways after losing. Someone who really lost even $10 leaves super angry. And other players leave in a neutral state of mind and think to themselves that they played, got emotions, it's a pity of course that they didn't win, but they don't feel angry about losing, also because in their gaming history there were definitely days when they left the casino with money won. And they are sure that in the future such days will happen periodically. And then such a player will no longer have room in his head for anger and irritation at the casino or at himself for stupid gaming actions that he made on such an unlucky day.
In general, all people feel differently after losing in gambling.

Slow death

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Quote from: Dunamisx on December 23, 2024, 05:55:56 PM

Quote from: Fivestar4everMVP on December 20, 2024, 02:06:43 AM

Quote from: Dunamisx on December 19, 2024, 04:12:08 PM

Most of us gambling have the strong conviction that no bet is a waste because we are always gambling under a cause and this is done because we are more sure of what we are doing, if we can tell about the previous gambling experience and what we have drawn out of them, how we can relate to the present time and get more closeness to accurate gambling expectations, then we can believe along that no bet is a waste from us as long as we have something to take or learn from it.

"No bet is a waste" I believe is a statement that is absolutely irrelevant as long as gambling is concerned. I have shared my point of view on this topic several times, and maybe I initially supported this, but my stand have changed after giving this topic a deeper thought.

We could use any criteria to determine whether a bet played is a waste or not, gambling is very dynamic and we have to broaden the way through which we see it as well, whenever we gamble and learn something new, then we have realized making an achievement in that, which can also be regarded not being a waste, because there is something taken out of it, which doesn't have to matter whether we win or loss.

In my opinion, gambling can be seen as a waste, because when we take $10 and decide to go play at a casino, those $10 are more likely not to come back. So we have to get it into our heads that if I'm going to use the $10 to gamble, then we can't count on the $10 anymore. We also have to get it into our heads that if we lose everything, we'll leave the casino more angry than when we went in, so we can't consider that we had fun at the casino. So we can say that it was a waste to have gone to gamble. Now, if the person is lucky enough to leave with more than $10, then they won't say it was a waste. Even going to the beach or to a restaurant is a waste. But since these are things that people like, then they can continue to gamble, going to the beach because the most important thing is that they can spend their money on things they like to do.

Fredomago

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Quote from: LUCKMCFLY on December 24, 2024, 10:45:40 AM

Quote from: Dunamisx on December 23, 2024, 05:55:56 PM

We could use any criteria to determine whether a bet played is a waste or not, gambling is very dynamic and we have to broaden the way through which we see it as well, whenever we gamble and learn something new, then we have realized making an achievement in that, which can also be regarded not being a waste, because there is something taken out of it, which doesn't have to matter whether we win or loss.

I would never say that betting is a waste because we always do things that we are going to risk money and that is enough to determine that it will not be a waste, it is money, no matter how badly we think we have spent, it will not be, because that wasted money can make us earn some money, and that is enough to value, for that reason we can never say that.

When we bet without risking money it can be called whatever you want, but for me it would be taken as training to know the platform where I am going to bet, it is knowledge , learning that is what I am going to bet on.

Yeah, you can use it as basis though not everytime it will bring the same outcome but anticipating or expecting is also possible if things works accordingly, it's not a waste if you manage to convert it into knowledge, there are many factors that you needed to consider when you step your foot inside gambling, it's more on how you pick and how you estimate both time and your finances, there's no waste if you understand things the right way.

Dunamisx

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Quote from: LUCKMCFLY on December 24, 2024, 10:45:40 AM

Quote from: Dunamisx on December 23, 2024, 05:55:56 PM

We could use any criteria to determine whether a bet played is a waste or not, gambling is very dynamic and we have to broaden the way through which we see it as well, whenever we gamble and learn something new, then we have realized making an achievement in that, which can also be regarded not being a waste, because there is something taken out of it, which doesn't have to matter whether we win or loss.

I would never say that betting is a waste because we always do things that we are going to risk money and that is enough to determine that it will not be a waste, it is money, no matter how badly we think we have spent, it will not be, because that wasted money can make us earn some money, and that is enough to value, for that reason we can never say that.

When we bet without risking money it can be called whatever you want, but for me it would be taken as training to know the platform where I am going to bet, it is knowledge , learning that is what I am going to bet on.

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.

LUCKMCFLY

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Quote from: Dunamisx on December 23, 2024, 05:55:56 PM

We could use any criteria to determine whether a bet played is a waste or not, gambling is very dynamic and we have to broaden the way through which we see it as well, whenever we gamble and learn something new, then we have realized making an achievement in that, which can also be regarded not being a waste, because there is something taken out of it, which doesn't have to matter whether we win or loss.

I would never say that betting is a waste because we always do things that we are going to risk money and that is enough to determine that it will not be a waste, it is money, no matter how badly we think we have spent, it will not be, because that wasted money can make us earn some money, and that is enough to value, for that reason we can never say that.

When we bet without risking money it can be called whatever you want, but for me it would be taken as training to know the platform where I am going to bet, it is knowledge , learning that is what I am going to bet on.

Dunamisx

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Quote from: Fivestar4everMVP on December 20, 2024, 02:06:43 AM

Quote from: Dunamisx on December 19, 2024, 04:12:08 PM

Most of us gambling have the strong conviction that no bet is a waste because we are always gambling under a cause and this is done because we are more sure of what we are doing, if we can tell about the previous gambling experience and what we have drawn out of them, how we can relate to the present time and get more closeness to accurate gambling expectations, then we can believe along that no bet is a waste from us as long as we have something to take or learn from it.

"No bet is a waste" I believe is a statement that is absolutely irrelevant as long as gambling is concerned. I have shared my point of view on this topic several times, and maybe I initially supported this, but my stand have changed after giving this topic a deeper thought.

We could use any criteria to determine whether a bet played is a waste or not, gambling is very dynamic and we have to broaden the way through which we see it as well, whenever we gamble and learn something new, then we have realized making an achievement in that, which can also be regarded not being a waste, because there is something taken out of it, which doesn't have to matter whether we win or loss.

AmoreJaz

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Quote from: Hispo on December 23, 2024, 12:24:03 PM

Quote from: Tmoonz on December 23, 2024, 11:40:55 AM

I don't agree with you on this @ op, any bet lose is a waste, and there is nothing we can get from it neither can it be reversed, it is a total waste of time, energy and resources, we can't even learn anything from the bet we lose but rather we can only wish that our bet playout as expected, gambling is more like a try and error where at most times we get lucky to have a winning and some times we lost too, but yeah there is nothing wrong given out games, it is individual choice to use it or not to gambling.

So you believe there is nothing to be learnt from losses? Because in my experience and have read many people here in the gambling section of the forum, it seems to be most of people have learnt something from their losses, specially when they happen to lose a significant amount of money for the first time.
Though, I understand your perspective, the ideal scenario is always to win money from our predictions, but it is almost impossible to reach such level of accuracy. There is something we can get out our winning (money) there must be something we can also get out our losses, call it experience, or whatever... but in this life not all has to be binary, negative or positive, if we lost money, it could be a wake up call for us to change the way we manage our money.

I believe there's always a lesson learned from any losses, whether in gambling or not. Because if the loss is significant, it will surely create something to ponder on and see where you got the mistake. And maybe next time, you will be more attentive to what you are doing and see where you can improve with the next bet. Losses will have impact if the money spent was for some necessary things and not really for gambling. That's when it will have some sort of influence in your next decision.

Quote from: Z_MBFM on December 23, 2024, 12:23:21 PM

Quote from: Tmoonz on December 23, 2024, 11:40:55 AM

I don't agree with you on this @ op, any bet lose is a waste, and there is nothing we can get from it neither can it be reversed, it is a total waste of time, energy and resources, we can't even learn anything from the bet we lose but rather we can only wish that our bet playout as expected, gambling is more like a try and error where at most times we get lucky to have a winning and some times we lost too, but yeah there is nothing wrong given out games, it is individual choice to use it or not to gambling.

Yes I agree with you gambling is a total waste of time and money. I didn't realize this until I gambled regularly because the addiction to gambling kept me from thinking better. Gambling is valuable only when you spend a leisure time there and only go there to have fun. But if you gamble regularly then gambling will never give you happiness because when you lose money regularly, gambling will become a source of frustration for you and you will panic to recover your previous losses. And you keep losing again. So I agree with you gambling is a total waste of time and money

It will only be a total waste if you are also using funds that are not for gambling. But if you are enjoying the game using your spare funds, I guess, you can still say that gambling is one source of entertainments that you can have even without the presence of friends.

Tmoonz

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Quote from: Hispo on December 23, 2024, 12:24:03 PM

Quote from: Tmoonz on December 23, 2024, 11:40:55 AM

I don't agree with you on this @ op, any bet lose is a waste, and there is nothing we can get from it neither can it be reversed, it is a total waste of time, energy and resources, we can't even learn anything from the bet we lose but rather we can only wish that our bet playout as expected, gambling is more like a try and error where at most times we get lucky to have a winning and some times we lost too, but yeah there is nothing wrong given out games, it is individual choice to use it or not to gambling.

So you believe there is nothing to be learnt from losses? Because in my experience and have read many people here in the gambling section of the forum, it seems to be most of people have learnt something from their losses, specially when they happen to lose a significant amount of money for the first time.
Though, I understand your perspective, the ideal scenario is always to win money from our predictions, but it is almost impossible to reach such level of accuracy. There is something we can get out our winning (money) there must be something we can also get out our losses, call it experience, or whatever... but in this life not all has to be binary, negative or positive, if we lost money, it could be a wake up call for us to change the way we manage our money.

We don't have to wait till when began to lose money before we will know the importance of effective fund management, it is a general perception that everyone should have, if there is no decision there can never be a discipline, whether we are winning or Lossing we should be in total control of our funds, we don't have to wake up only when we are losing to become decisive of having the total control or management of our money as regards to gambling and life generally. Perhaps we are only expected to gamble with part of our discretionary income.

Hispo

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Quote from: Tmoonz on December 23, 2024, 11:40:55 AM

I don't agree with you on this @ op, any bet lose is a waste, and there is nothing we can get from it neither can it be reversed, it is a total waste of time, energy and resources, we can't even learn anything from the bet we lose but rather we can only wish that our bet playout as expected, gambling is more like a try and error where at most times we get lucky to have a winning and some times we lost too, but yeah there is nothing wrong given out games, it is individual choice to use it or not to gambling.

So you believe there is nothing to be learnt from losses? Because in my experience and have read many people here in the gambling section of the forum, it seems to be most of people have learnt something from their losses, specially when they happen to lose a significant amount of money for the first time.
Though, I understand your perspective, the ideal scenario is always to win money from our predictions, but it is almost impossible to reach such level of accuracy. There is something we can get out our winning (money) there must be something we can also get out our losses, call it experience, or whatever... but in this life not all has to be binary, negative or positive, if we lost money, it could be a wake up call for us to change the way we manage our money.

Z_MBFM

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Quote from: Tmoonz on December 23, 2024, 11:40:55 AM

I don't agree with you on this @ op, any bet lose is a waste, and there is nothing we can get from it neither can it be reversed, it is a total waste of time, energy and resources, we can't even learn anything from the bet we lose but rather we can only wish that our bet playout as expected, gambling is more like a try and error where at most times we get lucky to have a winning and some times we lost too, but yeah there is nothing wrong given out games, it is individual choice to use it or not to gambling.

Yes I agree with you gambling is a total waste of time and money. I didn't realize this until I gambled regularly because the addiction to gambling kept me from thinking better. Gambling is valuable only when you spend a leisure time there and only go there to have fun. But if you gamble regularly then gambling will never give you happiness because when you lose money regularly, gambling will become a source of frustration for you and you will panic to recover your previous losses. And you keep losing again. So I agree with you gambling is a total waste of time and money

Richbased

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Quote from: Dunamisx on December 19, 2024, 04:12:08 PM

Most of us gambling have the strong conviction that no bet is a waste because we are always gambling under a cause and this is done because we are more sure of what we are doing, if we can tell about the previous gambling experience and what we have drawn out of them, how we can relate to the present time and get more closeness to accurate gambling expectations, then we can believe along that no bet is a waste from us as long as we have something to take or learn from it.

The truth is that almost every gambler gambles with the expectation of their bets working to their predictions regardless that in the end, it doesn't really meet their expectations. After a gambler have placed a bet, they start having a picture of a possible winning in their head more especially those who gambles on sporting events like football because after they must have literally gone through the statistics of the both teams they want to stake on, and got conviction of what the outcome may likely be then they will have the feelings that it won't be a wasted bet. Everyone literally gambles with full confidence of their bets.

Fivestar4everMVP

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Quote from: Tmoonz on December 23, 2024, 11:40:55 AM

I don't agree with you on this @ op, any bet lose is a waste, and there is nothing we can get from it neither can it be reversed, it is a total waste of time, energy and resources, we can't even learn anything from the bet we lose but rather we can only wish that our bet playout as expected, gambling is more like a try and error where at most times we get lucky to have a winning and some times we lost too, but yeah there is nothing wrong given out games, it is individual choice to use it or not to gambling.

Rightly said bud, gambling (betting in particular) is all about either being right with your prediction - you win, or being wrong - you loose..

When we are right and won the game, we rejoice and merry, and it ends there, unto the next one.
And so also, when we are wrong with our prediction, we lose, best to forget about this bet and move on to the next one, it is a waste of precious time to sit back and begin to find fault, mistake, error anywhere, for this will not play any role in increasing the chances of winning the next game/bet, one thing I've learnt in gambling is that, what is gone is gone, there is nothing to learn from it that will increase the gamblers chances of not losing the next game.
Only better research and analysis will increase the chances of getting the next prediction right, not past or lost bets.

Tmoonz

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I don't agree with you on this @ op, any bet lose is a waste, and there is nothing we can get from it neither can it be reversed, it is a total waste of time, energy and resources, we can't even learn anything from the bet we lose but rather we can only wish that our bet playout as expected, gambling is more like a try and error where at most times we get lucky to have a winning and some times we lost too, but yeah there is nothing wrong given out games, it is individual choice to use it or not to gambling.

Fivestar4everMVP

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Quote from: Dunamisx on December 19, 2024, 04:12:08 PM

Most of us gambling have the strong conviction that no bet is a waste because we are always gambling under a cause and this is done because we are more sure of what we are doing, if we can tell about the previous gambling experience and what we have drawn out of them, how we can relate to the present time and get more closeness to accurate gambling expectations, then we can believe along that no bet is a waste from us as long as we have something to take or learn from it.

"No bet is a waste" I believe is a statement that is absolutely irrelevant as long as gambling is concerned. I have shared my point of view on this topic several times, and maybe I initially supported this, but my stand have changed after giving this topic a deeper thought.

I can tell you that the majority of us have nothing to learn from our previous bets, it is important we understand that gambling is not the same as trading where mistakes are possible, and traders can learn from the mistakes they made with previous trades.
Gambling is completely different, mistakes are very minimal with bets, almost non-existent, and what this mean is that, when we bet and loose the bet, it is simply what it is, a lost and that's it, it may be a waste of time to start looking for a possible mistake in the bet to correct next time.
When that next time comes, and you decided to bet the other way as a way of correcting what you assumed to be a mistake from the previous lost bet, you still may loose the bet, which means that no mistake was made in the previous bet.

Winning in bets is luck, and this is all I can say.

EarnOnVictor

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Quote from: WatChe on December 19, 2024, 12:38:59 PM

Quote from: Hatchy on December 09, 2024, 08:19:37 PM

I'm not sure he is even a gambler, because a real gambler would know that the house always have advantages over the games. The casino is designed to win a certain amount of games as they literally own them. You can't beat the casino they let you win as you play being fair, when table turn and probably you might have risked too much thinking you got this and understand the theory like @ AGULIS said, you definitely will end up loosing too much to the casino at that point.. the house wins wether we like it or not, we might just be lucky to get some reasonable amount of wims when luck is on our side..

This has been said and discussed so many times but gamblers are not willing to accept this reality. There are countless stories where gamblers lost everything to house yet people keep coming with more money to lose. There are not many examples where gamblers have won over the house. The whole gambling industry has been designed in a way that it's the house which gets the bigger piece of the cake while gamblers gets the left over.

The real reasons you see gamblers keep coming back despite persistently losing to the house are basically three; it's either, 1. They are already addicted, or 2. They are having their fun in gambling, or 3. They hope for luck.

Among the three, it's 1 that isn't good, but you have to apply wisdom to the rest as well. You who gamble with the hope that you will be lucky one day and you who gamble for fun (perhaps it's what you like (hobby)) must ensure that you use a small amount per wagering not to ruin the party.

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Quote from: WatChe on December 19, 2024, 12:38:59 PM

This has been said and discussed so many times but gamblers are not willing to accept this reality. There are countless stories where gamblers lost everything to house yet people keep coming with more money to lose. There are not many examples where gamblers have won over the house.

It's because the fun is there and the emotional draw that it has given to everybody has been there as well.

The attachment of the house to all of us is hard to remove when we've got something to take back from them and that's what we're wanting to have.

Quote from: WatChe on December 19, 2024, 12:38:59 PM

The whole gambling industry has been designed in a way that it's the house which gets the bigger piece of the cake while gamblers gets the left over.

You are right and that is because the gambling industry is a sole business and the profit they make is from everyone's loss.

Topic: No bet is a waste - page 2. (Read 5321 times)