Responsible gambling - page 30. | Bitcointalksearch.org

cafter

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Quote from: Z390 on December 22, 2023, 07:29:05 AM

Yes the right answer is no, because responsible gambling isn't about how many times you are winning, it's about how careful you are with your money and your gambling life, many people will still get their lives ruined trying to be a good gambler, and that's because they have their mind set on winning only.

most people came into gambling in hope of making some extra income or get rich which is really very bad for anyone, this is not for making some extra money.
but this is for losing extra money or sometimes losing everything and ruin lives, and what is good gambler? I think it means professional gambler who are making money by gambling but who knows that they are making money or losing, gambling is more entertainment and do not play it with money which you can not afford to lose.

KiaKia

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If you don't have a source of income, trust me you will never become a responsible gambler, you will make all the mistakes in the book and you will be let with nothing, source of income is very important, it is the first step to take if you want to safely become a smart gambler.

It's not always about how many money you will make, trust me, it's about how many time you can afford to lose before you win some money, if you are not ready to experience this well it's better you look else where, many gamblers don't know about this, all their minds are fixed on when they will make money.

To be a honest, I don't believe that anyone can just decide to get rich by becoming a gambler, it's not that easy, it's better to not even believe so, enjoy your time gambling for fun instead.

Fivestar4everMVP

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Quote from: Dave1 on December 22, 2023, 07:00:11 AM

Quote from: Sir_Garry55 on December 21, 2023, 12:56:18 PM

Here are two things to take note of before gambling
1.have a budget:it's very crucial to set a budget, decide how much money you are comfortable spending on gambling
Always stake what you can afford to lose. Have a limit and stick to it, doing it this way wouldn't put you under
Pressure and anxiety
2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it
From the first point I made I said you should always stake what you can afford to lose but it's important to
Take regular breaks especially when your losses are more than your wins.give yourself time to recover cause it's all about maintaining a healthy balance...I hope this helps someone out there

Yeah, we heard this kind of advise already and takes to the OP for the reminder. However, it's more to it, I mean having a limit is good but most of the times there are gamblers that are really out of control or even beginners because maybe they think that they can win or play more money to enjoy and have some fun.

It boils down to self control, as long as you can control yourself, specially in losing. Because that could be the start if you lose and then didn't take a break. So we need to take control and not let our emotions get the better of our selves and then becoming addicts because we didn't take a break or trying to recoup our losses.

You are right by the way, self control in gambling is something a player must practise from the very beginning of their their gaming journey, in other for the gambler to get used to it and have it as part of him, this among several other benefits will ensure that that the gambler never fall into that pit of gambling addiction.
Self control is very important to practise as long as responsible gambling is concerned, so no matter the excitement one feels while gambling, he or she must know when to stop and look for some other things to do so as to find some balance.

But for the already addicted player or gambler, self control is completely impossible, an addicted gambler cant control him or herself, which is why we refer to them as addicted in the first place, so what an addicted gambler need to do is, first, find a way to get free from gambling addiction, leave gambling completely for like a year or two years for their brain to reset itself and get used to functioning properly without gambling, then after this healing process is over, the player can decide if he or she still wants to gamble, if yes, then he or she can start over again and make sure to this time, put in practise, all the responsible gambling tips like the ones mentioned by the op.

decodx

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Quote from: Oshosondy on December 21, 2023, 01:04:01 PM

Can responsible gambling yield positive results? Most likely 'no'.

You may only select up to 2 options. About trading? Also most likely no but the chance to make money is more in trading than gambling, but it is as dangerous as gambling.

Gambling is entertainment through and through, even if you do it in a responsible way. At the end of the day, it's not meant to be a consistent income stream. The odds are against you so it's really hard to actually turn a profit over the long run. There are some lucky few who can win big, but most people end up losing over time.

Trading cryptos and whatnot can make more money compared to gambling. But it's a risky thing too and you gotta have lots of specialized smarts in that area patience to wait out the bad times, and self-control so your emotions dont rule your choices. Seasoned traders still lose sometimes and go through down periods money-wise. So for both gambling and trading, consistency is elusive. That's part of why they attract folks looking for a rush or thrill. But steady careers and entrepreneurship do better for dependable income.

Quote from: Oshosondy on December 21, 2023, 01:04:01 PM

Recommended budget should be just 1% of your weekly income.
My recommended budget for me is 5% of my weekly income.

If you want to gamble for long, you can divide the 1 to 5% of weekly income into 100 and start gambling with it in order to stay longer.

I agree. That's a pretty small amount, so even if you lose it all, it probably wont hurt you too bad financially. But even more important is that you gotta set some kind of budget for gambling and actually stick to it.

Z390

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Quote from: Oshosondy on December 21, 2023, 01:04:01 PM

Can responsible gambling yield positive results? Most likely 'no'.

You may only select up to 2 options. About trading? Also most likely no but the chance to make money is more in trading than gambling, but it is as dangerous as gambling.

Recommended budget should be just 1% of your weekly income.
My recommended budget for me is 5% of my weekly income.

If you want to gamble for long, you can divide the 1 to 5% of weekly income into 100 and start gambling with it in order to stay longer.

Yes the right answer is no, because responsible gambling isn't about how many times you are winning, it's about how careful you are with your money and your gambling life, many people will still get their lives ruined trying to be a good gambler, and that's because they have their mind set on winning only.

As a responsible gambler you need to make up your mind that gambling isn't your source of income, that you are doing it to waste away from time and make sure you having fun from doing so, this is the most healthy way to become a gambler, the hard truth people don't want to hear about gambling is that gambling will only make 0.25% of people rich and the rest won't make life changing money through gambling.

The harder you try the more you fall, this is the real color of gambling to me, I don't let someone tell me otherwise, success stories from gambling is very rare, listen to gamblers podcasts or find reviews online, only very small people have good time with gambling, are you ready to be addicted to gambling because it doesn't always ends well.

Dave1

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Quote from: Sir_Garry55 on December 21, 2023, 12:56:18 PM

Here are two things to take note of before gambling
1.have a budget:it's very crucial to set a budget, decide how much money you are comfortable spending on gambling
Always stake what you can afford to lose. Have a limit and stick to it, doing it this way wouldn't put you under
Pressure and anxiety
2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it
From the first point I made I said you should always stake what you can afford to lose but it's important to
Take regular breaks especially when your losses are more than your wins.give yourself time to recover cause it's all about maintaining a healthy balance...I hope this helps someone out there

Yeah, we heard this kind of advise already and takes to the OP for the reminder. However, it's more to it, I mean having a limit is good but most of the times there are gamblers that are really out of control or even beginners because maybe they think that they can win or play more money to enjoy and have some fun.

It boils down to self control, as long as you can control yourself, specially in losing. Because that could be the start if you lose and then didn't take a break. So we need to take control and not let our emotions get the better of our selves and then becoming addicts because we didn't take a break or trying to recoup our losses.

bhadz

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To answer the poll: Yes. Responsible gambling can yield to positive results and profits but you have to remember always that gambling is gambling and it's unpredictable even if you've planned your bets in sports betting or any games that requires you to be analytical. Why is it that forex is part of the poll? Because it's also gambling?

Quote from: piebeyb on December 22, 2023, 05:35:04 AM

but at least it's right to listen to @yahoo62278's words that before creating a topic, make sure to do a search so as not to pile up too much discussion. Same as before, I think this discussion has been written before on the gambling board.

I agree. We've got a lot of topics already and threads like this that deals and discusses about responsible gambling. While OP might have some good intentions from this but, he don't even converse after making a thread.

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Quote from: piebeyb on December 22, 2023, 05:35:04 AM

I almost feel bored with threads like this in forums because they often appear discussing the same topics like this, even though everyone is free to have an opinion and voice, but at least it's right to listen to @yahoo62278's words that before creating a topic, make sure to do a search so as not to pile up too much discussion. Same as before, I think this discussion has been written before on the gambling board.

I also understand that users are still beginners in the forum so they don't really know about the search feature so it has to be a recurring topic in this forum, even so we seem to have discussed this many times, it's true that what is written for responsible gambling must be able to control yourself and play responsibly, at least know when to gamble and stop gambling to take a break, at least limiting your budget is also very important, I hope that in the future there won't be too many discussions like this. Wink

This is an important topic and since new members may join, there may be a case for having a similar topic discussed more than once, I do not see a big issue there. On regard to the topic, this goes a lot with the person, if you are responsible you know what comes first and what comes second and you have the strength to play with that rule in mind and it includes gambling.

Reatim

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you only has 2 option si what can we select to have other choices of 2? Cheesy

But it is gambling that I also voted because I am a responsible gambler all my life , though losing at some time but maintaining my ability to restore my self from losing more .

Quote from: Dr.Bitcoin_Strange on December 21, 2023, 04:37:30 PM

What's with the poll and the options you added?

nothing but only 2 Grin

I am also looking for another option in Poll but find nothing .

piebeyb

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I almost feel bored with threads like this in forums because they often appear discussing the same topics like this, even though everyone is free to have an opinion and voice, but at least it's right to listen to @yahoo62278's words that before creating a topic, make sure to do a search so as not to pile up too much discussion. Same as before, I think this discussion has been written before on the gambling board.

I also understand that users are still beginners in the forum so they don't really know about the search feature so it has to be a recurring topic in this forum, even so we seem to have discussed this many times, it's true that what is written for responsible gambling must be able to control yourself and play responsibly, at least know when to gamble and stop gambling to take a break, at least limiting your budget is also very important, I hope that in the future there won't be too many discussions like this. Wink

EarnOnVictor

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Quote from: Sir_Garry55 on December 21, 2023, 12:56:18 PM

Here are two things to take note of before gambling
1.have a budget:it's very crucial to set a budget, decide how much money you are comfortable spending on gambling
Always stake what you can afford to lose. Have a limit and stick to it, doing it this way wouldn't put you under
Pressure and anxiety
2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it
From the first point I made I said you should always stake what you can afford to lose but it's important to
Take regular breaks especially when your losses are more than your wins.give yourself time to recover cause it's all about maintaining a healthy balance...I hope this helps someone out there

I think these points are good but are certainly not enough to call someone responsible or a gambling habit responsible habit. Good, we need to have our budget and take a break when we know we are going too far, but what about having good gambling strategy/style, what about the plans that coordinate everything, what about the taming of our gambling psychology and so on?

All these and more are needed, not that a gambler will just have a budget, and when the budget fails, the gambler will excuse himself immediately, there must be plans. This is so inconclusive, and I urge any gambler who wants to be responsible to take it easy from the beginning. They should learn the psychological part of it, and after that, move to the managerial aspect of it where the budgetary aspect will also come in. And of course, the style and pattern of gambling including the strategy to the use must be ensured. Gambling takes a more professional approach to be successful in it, not the way most people are taking it due to the fact that they have cheap access to it. This is just wasting their money and getting them emotional and addicted.

Smartvirus

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Quote from: Oshosondy on December 21, 2023, 01:04:01 PM

Can responsible gambling yield positive results? Most likely 'no'.

Well, I might disagree with you on this one my good brother.
Of course there is a positive side or result to why you have to approach addictive fields such as gambling and taking of alcohol with some level of awareness or responsible approach.
It doesn’t necessarily mean you must count in profit from your wins at the house or while betting on the bookies. It’s just some way of ensuring you have some balance left in your account and by that, I don’t mean on the gambling site although, that could work too but, for other aspects to living too.

If gambling responsibly could save you from addiction and bankruptcy even with you losing on your stakes, it’s a habit to culture if you are a gambler and must gamble. That’s a positive result!

Quote from: Oshosondy on December 21, 2023, 01:04:01 PM

You may only select up to 2 options. About trading? Also most likely no but the chance to make money is more in trading than gambling, but it is as dangerous as gambling.

Well, trading is no entertainment like we have it in gambling. While gambling could be both for making quick money when you can and if you can, trading is just business and you’ve got to be good to profit.

Marvelman

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Quote from: Sir_Garry55 on December 21, 2023, 12:56:18 PM

Here are two things to take note of before gambling
/---/

You raise a fair point about keeping your wagering in check. Setting limits we can afford helps and even if we've talked over responsible gaming tips previously, human nature lends itself to needing reminders. Getting caught up gaming happens, making reminders to play carefully useful. Repeating pragmatic advice assists staying on track.

gunhell16

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Quote from: Sir_Garry55 on December 21, 2023, 12:56:18 PM

Here are two things to take note of before gambling
1.have a budget:it's very crucial to set a budget, decide how much money you are comfortable spending on gambling
Always stake what you can afford to lose. Have a limit and stick to it, doing it this way wouldn't put you under
Pressure and anxiety
2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it
From the first point I made I said you should always stake what you can afford to lose but it's important to
Take regular breaks especially when your losses are more than your wins.give yourself time to recover cause it's all about maintaining a healthy balance...I hope this helps someone out there

Most of the community here in the crypto space actually knows what you mentioned. Besides that, literally speaking, we can't gamble without using money. Of course, if we experience winning, there must be money involved in gambling because it is used to balance the game.

And it doesn't mean that when you gamble responsibly, it's good to look at; of course, it doesn't refer to that concept of gambling because, when children see it, it still becomes negative in my opinion.

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Quote from: goaldigger on December 21, 2023, 05:53:52 PM

Quote from: Johnyz on December 21, 2023, 04:48:40 PM

Being responsible gambler is a must and it can prevent you from getting addicted in gambling.
Though this may sound so easy but of course in reality there will be challenges and you might not fulfill this overnight. Controlling your emotion is one the big challenges that you may encounter in gambling and if you are too emotional, you might suffer a big loss because of being too impulsive. You have to take this slowly but surely and know that being responsible should be your priority and you should always do your budgeting.

This should not be just an option, being responsible should be your top priority.
There are risk of being too greedy and we know that its not ok to act like you can’t control yourself. If you are going to gamble, always have the budget list, plan ahead and know how to be more responsible. I’m still wondering why many gamblers are playing like a one time millionaire where in fact they don’t have that much.

Being responsible is indeed not an option but rather it is really just that a normal step or action you would be making because it is really just that a common sense thing that you should really be that responsible on the thing that you are doing because if you dont then you would really be ending up on messing your finances specially when dealing with gambling. There would really be no assurance that you wont really be that getting wrecked by it on which it is really just that a common approach that you should really be wise on the money that you are spending. Play for fun and having
those limitations and moderation when it comes to spending because if you dont then you would really be ending up on having a miserable life.

Queentoshi

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Quote from: Sir_Garry55 on December 21, 2023, 12:56:18 PM

2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it
From the first point I made I said you should always stake what you can afford to lose but it's important to
Take regular breaks especially when your losses are more than your wins.give yourself time to recover cause it's all about maintaining a healthy balance...I hope this helps someone out there

I would like to add another one because games are always played almost every week, and for a gambler who plays sports betting, taking a break may just be during the time when there are no sport games to bet on, but it should not be so because if a gambler want to wait till there are no games to bet on before they give themselves a break, then they are not doing it willfully as it should be to still show self-control, but rather doing it because they have no option. Gamblers should willfully be able to give themselves a break, and they should even know when to do it.

Nwada001

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The same topic has been repeated multiple times here in the gambling section, but I still think it's worth it, as the old one might have been buried under ground where others might find it hard to locate.

If I can recall correctly, one thing about gambling is not just about setting those limits and budgets. The next thing is for the person to be the hard decision type; it's always easier to say than to keep to those decisions.

If you are a good decision-maker and you always keep to them, then it will be easier for you to be a responsible gambler without much stress, but if not, you will always fine yourself for breaking those rules that you set with your own hand, which is really not a good way to gamble as that might lead you into getting addicted.

So if you find yourself breaking your own set limits, I will advise the person to stop gambling first and work on himself or herself. Learn how to be in control in terms of decisions and also in controlling emotions, as they are part of the things that will contribute to gambling responsibly.

CryptSafe

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At first, I was wondering if the poll OP conducted is in line with the thread Created and if the options provided are also In line with the question of the poll. This made me looked into OP profile and I must say that newbies here are really ignorant of forum standard and policies. If OP had made use of the search engines, OP would have been able to see similar posts as his and would definitely do something different from this post or make opinion to the existing thread.

Maybe OP might take instructions after reading through all these replies and comments..

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Quote from: ScamViruS on December 21, 2023, 04:55:18 PM

Because when a gambler starts losing, he becomes more aggressive to recover his losses, but these actions of gamblers lead to worse situations for those gamblers.

Agree, this is common to gamblers, believing after some loss a win or wins will come out just like the martingale but it up worse.
Unlike trading that you can always use stop-loss or stop-limit to limit the loss, the reposition the trading strategy.

While having a small budget in trading is pretty okay for start up and use different strategy to gain more profit and limit the loss. But it's the opposite for gambling, you really need a decent budget (let's say $100) in gambling to win big.

jossiel

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Quote from: Sir_Garry55 on December 21, 2023, 12:56:18 PM

Here are two things to take note of before gambling
1.have a budget:it's very crucial to set a budget, decide how much money you are comfortable spending on gambling
Always stake what you can afford to lose. Have a limit and stick to it, doing it this way wouldn't put you under
Pressure and anxiety

Always be in control because there are gamblers that even they say that they have full control of themselves but when they get emotional, that's where it all starts to gamble more than the amount they can afford lose.

Quote from: Sir_Garry55 on December 21, 2023, 12:56:18 PM

2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it
From the first point I made I said you should always stake what you can afford to lose but it's important to
Take regular breaks especially when your losses are more than your wins.give yourself time to recover cause it's all about maintaining a healthy balance...I hope this helps someone out there

It will help someone to get reminder but there will still be a lot of gamblers that will ignore all of these tips from everyone. Because they think that they're still in full control but in actuality, they're not.

You see a lot of old time gamblers that can be said have control over their spending habits in gambling. But you see their story, they've got some times that they have gambled like there's no tomorrow. So, people change and that's one thing for sure even in gambling.

Topic: Responsible gambling - page 30. (Read 3753 times)