Topic: Responsible gambling - page 28. (Read 3753 times)

When we mention that gamblers should have a budget, it this mandatory that the budget be a written budget or a mental budget? I may gamble on the spot with a spare cash that i was gifted, it is not a budget.
What I know that is the main thing about responsible gambling is doing what you said you would do, irrespective of how you feel. Gamble within time frame and leave when the time reaches, gamble on certain days, gamble with budgeted or spare cash. There are also hidden behaviors that are not exhibited that is also a part of responsible gambling as well.

It's a highly repetitive topic, but I'll share my views about it anyway.

The things you are talking about aren't wrong, you are right that gamblers should have a budget and a limit when they are gambling and they should also take breaks frequently when they are gambling. However, only responsible gamblers can do these things and you will barely find a lot of responsible gamblers these days. People tend to believe that they can earn a lot of money from gambling and they enter the gambling market with very high expectations and then face disappointment when they can't achieve what they were dreaming of,

That's a very common practice. You will barely see a person who is playing within the limit and without the aim of earning money from gambling and is enjoying their gambling experience.

I don't think that a proper strategy would do much better to change someone's luck. Yeah, reducing gambling activity can have some positive impact on someone's luck. You know when we become mental relaxed and have positivity around us then our luck somehow changes but when we have negativity around us and we are stressed then our luck also gets worse in those times.

I believe responsible gambling is all about our understanding that how much time should we give to gambling activities and when to take the necessary breaks that we need in order to recover from the stress that we get when we lose. Of course one should also reduce his/her gambling activity if he/she is consecutively winning because over happiness is also going to cause much troubles later.

But the problem is that most gamblers can't be attentive to their family when they're too focused on gambling. And even if they say that they're going to take care of them, they just can't because that's impossible when your sole focus isn't on your family. A responsible gambler does responsible gambling and doesn't get affected by what they do with their important matters like addressing family issues.

I may not be the best gambler in the world but I can say that I am a responsible one and I know the limitations that I am setting even with these settings. I know how it feels to be spending that much that I can't to afford to lose so before that I spend the money, I'll think of many things first like including my family before proceeding to gamble. And there are many other factors that OP didn't mentioned on how to gamble responsibly but he seems not coming back after posting his tips.

I've seen several topics about responsible gambling. Everyone is aware of this topic, and we frequently warn people about the dangers of gambling and advise them on what not to do. However, I wanted to add that, in addition to setting a budget, it's also important to establish a time limit for how long you'll spend gambling. To avoid conflict with your work, family etc. Additionally, it's crucial to avoid borrowing money to gamble with because you run the risk of losing it and wasting your money. It will also result in a lot of debtors and financial problems for you.

It has come to my attention that certain people engage in illegal gambling, whereby they combine their vices of drugs and alcohol. Such people need to use their winnings from gambling to support their unhealthy habits. An action must be taken immediately.

That is why it is important to take a break and do some stuff that can divert your attention, like setting a daily time to exercise, go out with your friends and spend more time with your family. It is common knowledge that gambling should not be our primary source of income.  It is important to have a realistic expectation and understand that the house always wins.

have a budget or a limit in gambling is a MUST to avoid bad issues.
the second point it's also really important even if it appears to be too simple or obvious...
however this is one of my rules posted some years ago here


people that doesn't understand discipline in gambling they are doomed to fail

I have to completely agree with your analogy, very well said bud, indeed, a responsible person will also translate to a responsible gambler, which also means that, whatever we want to become in the physical, or outside, we have to first become it in the inward part of us, or inside of us as well.

Reminds me of a very popular parable in my place which if translated to English simply means that -  somebody starts looking beautiful or handsome from the house, then to the outside world, and not the other way round, which is, looking beautiful or handsome from outside, then to the inside "

So, for a gambler to become a responsible one, he or she should first of all become a responsible person, but then though, there is still a chance that some one who probably is considered no responsible by maybe his family or so, could as well be responsible when it comes to gambling, possibly because, he or she knows the risk involved with careless gambling, so he did rather be careless on his family, rather than be careless with gambling  .

Wrong. Responsible gambling/smart gambling can help you beat the house in the long run though it's pretty rare and you need to be skilled to accomplish it. One example is card counting which is a lot tougher to execute these days.

https://www.google.com/amp/s/www.bbc.com/news/magazine-27519748.amp

Another example is arbitrage betting which I have done myself successfully and earned decent profits in a risk free manner in the long-term.

I don't think the OP is discussing forex trading, but the OP is discussing responsible gambling. where gambling involves luck, and forex trading involves skill.

I don't understand what gambling has to do with forex trading, what I know is that gambling only depends on luck, and they don't have to gamble excessively, if they gamble excessively then there will be a big disaster that will happen to them, and gambling is not discussed. they have to do it, because they could become addicted if they don't do it responsibly.

I think forex trading is done seriously because it requires good skills to make a profit, but gambling can be done by anyone who has enough money and doesn't need good skills to do this, they just need to bet and leave the rest. on your luck. If you want to compare these two things, maybe this can help solve it, but the OP doesn't discuss the comparison of gambling and forex trading.

What are the other options mate? because that only gives us 2 to choose 

but going to what title asking? a responsible gambling means you know what are you dealing and what is heading you to fulfil that , the better way to become a responsible gambler is to become a responsible person.

if you can prioritize your family and life and making gambling just for outside personal?

then you will be the best gambler the world will ever had, but since there is other choices , don't know what to stand on those.

I don't think Op is talking about trading or forex neither is he comparing it to gambling. From what he is saying, it is a guide to responsible gambling which he talked about two points on bankroll management and taking a break. So that is what I understand and not about really about forex trading and of course it is not the same thing with gambling. They are far apart and like you rightly said gambling is luck base and trading involves skill.

Confusion from numerous gambling ideas could be overwhelming and consume lots of brain power. I encourage gamblers to appreciate the importance of taking another rest. The brain gets too exhausted trying to figure out what prediction will be accurate or not. If the gambler cherishes sleep and takes his time in cooling his brain through enough rest, he wouldn't have to experience stress. Which leads to wrong calculations in gambling. Being in control also helps the player to be decisive and coordinated in creating new gambling decisions and strategies. Lack of such qualities in gambling could result in lots of problems gambling with the player. The brain when filled with things we need to do, yet doesn't get enough rest. Could be doing the reverse of what we expect it to execute, and may provide us with wrong predictions and reactions after a loss. If the brain can relax and doesn't bother the gambler to gamble more, the player wouldn't have to bother getting addicted.

Taking a few day's rest is also valuable in the life of any gambler. It's worth the time, and the gambler would notice a change in him after such a brief vacation from gambling. Gamblers who go for money and neglect their budget, only do so to the detriment of their brain. They end up receiving impulses that make them regret being a gambler in the first instance. It's a hard practice, for most gamblers as the need to play more is quite stronger than that of calling it a day. Gambling is fun, and thrilling, the human body loves such activities and won't stop especially when money is involved. So, every gambler may not be able to successfully execute this strategy of taking a break. To most it's impossible and they must enjoy the thrill every single day, thereby losing out on greater opportunities. The belief that responsible gamblers don't win big in gambling, still amazes me, as it's not proven anywhere that irresponsible gamblers do win better than responsible gamblers, because they gamble more than the responsible folks.

It's tiring that we're just saying the same thing about this kind of stuff, maybe it's time that we should bump the oldest topic that's talking about this topic and then talk there about new tips, maybe a mega or giga thread of advice about gambling and how not to become addicted to it, helps with the congestion in the Gambling and Gambling Discussion so we can see more topics unrelated to tips and tricks on how to be a responsible gambler or maybe someone just create a new thread that will make it official that if we're talking about what to do and what not to do in gambling, we will just post there.

I don't understand that why you are comparing gambling against for Forex trading. I think this to things are completely different to each other gambling is fully depend on luck on the others hand forex depend on your skill. Anyway, I think the suggestions you have given below are two but basically one suggestion because when you gamble from the limit, once you touch the limit, you have to take a break from gambling.

yes and  never become that one because those people that rely their life in Luck are the people that never will get what they wanted as they are not working hard to attain that, most of them are just losers that will be forever that way.
though there are some gamblers that really born to be a lucky person and yes tey are rare but making money by all means of gambling.
have a friend that has this and yes he turns millionaire before he even become 30's

That's true, someone who gambles to make money to meet their life needs, they have their own thoughts so hard to be advised. Generally their lives are messed up, because they expect something uncertain to meet a certain need.
Gambling to have fun and to meet the needs of life is very different in terms of the emotional players.

The same discussion already exists and this is the umpteenth topic in gambling discussions.
Responsibility is an attitude that every gambler must always have and this is an attitude that is absolutely mandatory to maintain if you really want to be gambler who is always safe or on the right track.

Budget, this is an important thing that responsible gambler must pay attention to and of course the budget can be managed well when there are limits that have been set as you stated.
But not all gamblers can manage their finances within certain limits and many still forget this important point in gambling.
The benefit of financial management and having limits is that you can stabilize your finances and also avoid bigger losses. Moreover, by having financial management or limits, gamblers can be more accepting of every loss that occurs.

Interesting, take break, this sounds easy but stopping or resting at the right time is not an easy matter because this can only be done if the first point regarding budget management and financial limits can be set.
Many gamblers continue their gambling sessions in order to chase wins for profit or recover losses.
This kind of thing often happens and has very significant impact on gamblers because when they are chasing profits or recovering losses there is only certain result that can be obtained, namely bigger losses.
We have to start realizing this and we have to start changing our ambitions and mindset about these two goals.

I agree with your first statement that most gamblers don't gamble responsibly and don't follow the good practices for safe gambling. This is why, for many of them, what was supposed to be a fun activity turns into a nightmare.
However, I don't agree with the second statement or the conclusion you come out with. Tbh, I don't see the link between responsible gambling and beating the house or winning on the long run (which is impossible anyway)! Responsible gambling is more about limiting your loss and spending only what you can afford to lose.

There are people who do really listen up on advise and there are ones who dont really care on which it do really lead up into disaster because the main thing that would come up into our minds is that we are making use of our own money and not theirs on which it would really having that main thought into our mind. Being responsible is a must or something should be in default because if you arent that something mindful into this aspect then you are really that bound on failing to control yourself in gambling which it would really be giving out that huge effect into your gambling run or engagement.
Gambling should really be just that for fun but there were people who are really that always impulsive when it comes on making money on which they would really be that too minding about making money and this is where mistakes do happen.

I think there are many likewise topics in this board. And almost all the above listed factors have been discussed.
A responsible Gambler play games according to his plan and he is not in hurry to gamble but observe what is the game all about. He looks at his pocket if the cash with him can take him to another day or weeks because those the gamblers that do not game anyhow. He knows when to gamble and have the control of the gambling Addiction. Not all gamblers are responsible some irresponsible to the core. Those irresponsible ones gamble anyhow and they is no time limit of their games. A responsible Gambler plan for his family before going out. Whenever he is depressed because of loss of game, he would crack jokes and play over. But the irresponsible gamblers always got angry whenever they loss. Responsible Gambler play only 3% out of 10% to save his family from hunger always.