Responsible gambling - page 31. | Bitcointalksearch.org

Dunamisx

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Quote from: Sir_Garry55 on December 21, 2023, 11:56:18 AM

Snipped

Honestly OP i don't know what you're upto right away but i see that this will be your very first post and activity on this forum after registr, which means that it's either you're not a newbie on this forum or already have some experience about gambling, but nevertheless on either of my guess, i think it's more right for you to first read the forum's rules and regulations and contribute to other bitcoin discussions boards before coming to gambling, just my observation.

goaldigger

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Quote from: Johnyz on December 21, 2023, 03:48:40 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.

BitcoinPanther

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Quote from: AprilioMP on December 21, 2023, 12:28:40 PM

Gambling responsibly, according to my understanding, has positive value but is to avoid addiction which can make a person lose control.
I want to convey the same thing as other users, it is better to lock this topic because it contains previous discussions.

Gambling responsibly has no way an effect in winning a session. Since gambling game result is random, More often than not, it is the luck that makes a gambler win his bet. As for the gambling responsibly, it is one of the approach of player in order to minimize losses and get addicted to the gambling games.

Quote from: Fivestar4everMVP on December 21, 2023, 03:49:18 PM

Quote from: Odusko on December 21, 2023, 03:33:52 PM

Both gambling and forex trading have similar characteristics which are risks, both have the same level of risks and if care is not taken you can lose all your money, and also when it comes to proactive measures, they still have similar means to protect yourself from falling too deep into such stage.
Trading may be seen as less risky compared to gambling, which is relatively true but then also, if care is not taken trading can give you the same level of negative impact same as what gambling does at some point, tendencies like debts and addiction ls are also present with trading forex as well.

Sorry but I will have to disagree with you on what you said that, gambling has the same risk as trading, this I personally believe to be a misconception on your part..
An activity where you totally depend on luck (depend on which game you are playing) to win, can not be compared or said to have exactly the same level of risk with an activity where your level of knowledge or still is what either increases or reduces your chances of winning.

In other words, we can say that trading is risky but it's of self, which means that your level of trading skill and knowledge will determine the level of risk trading is to you, on like gambling where you have to depend on luck for most of the time you gamble, and this is what risk truly is, for one will never know what luck holds in store for him or her.

I highly agree with you, trading and gambling risk are not the same. In trading risk can be minimized by having the knowledge of what he is trading, understanding the market and keeping oneself updated. This things can't be done on gambling in order to minimum risk because mostly gambling games are luck based games and those games result are random .

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Quote from: Sir_Garry55 on December 21, 2023, 11:56:18 AM

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

Taking a break from gambling when regular losses occur is important to reduce the amount of losses, but most gamblers cannot control themselves during this time. 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. So it is very important for a gambler to control himself in gambling, so that the ability to make decisions like taking a break at the right time is developed among the gamblers.

There have been more discussions on this topic before but this topic is always important for new gamblers so that they can have a good experience, and do well in gambling.

Fivestar4everMVP

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Quote from: Odusko on December 21, 2023, 03:33:52 PM

Quote from: Sir_Garry55 on December 21, 2023, 11:56:18 AM

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

Both gambling and forex trading have similar characteristics which are risks, both have the same level of risks and if care is not taken you can lose all your money, and also when it comes to proactive measures, they still have similar means to protect yourself from falling too deep into such stage.
Trading may be seen as less risky compared to gambling, which is relatively true but then also, if care is not taken trading can give you the same level of negative impact same as what gambling does at some point, tendencies like debts and addiction ls are also present with trading forex as well.

Sorry but I will have to disagree with you on what you said that, gambling has the same risk as trading, this I personally believe to be a misconception on your part..
An activity where you totally depend on luck (depend on which game you are playing) to win, can not be compared or said to have exactly the same level of risk with an activity where your level of knowledge or still is what either increases or reduces your chances of winning.

In other words, we can say that trading is risky but it's of self, which means that your level of trading skill and knowledge will determine the level of risk trading is to you, on like gambling where you have to depend on luck for most of the time you gamble, and this is what risk truly is, for one will never know what luck holds in store for him or her.

Johnyz

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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.

Dr.Bitcoin_Strange

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

By the way, this topic has been discussed several times, and the discussions on those boards have been very helpful to a lot of gamblers here and perhaps just guests. You may not be advised to lock the thread, but you may want to know that there are a lot of ideas that have been discussed in the old threads, and discussions on this thread will never be anything new from what has already been discussed.

There are several characteristics of a responsible gambler and also conditions that a gambler needs to adopt in order to become a responsible gambler. If you take your time to search through the gambling board, you will discover so many other threads where this same topic has been discussed.

Odusko

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Quote from: Sir_Garry55 on December 21, 2023, 11:56:18 AM

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

Both gambling and forex trading have similar characteristics which are risks, both have the same level of risks and if care is not taken you can lose all your money, and also when it comes to proactive measures, they still have similar means to protect yourself from falling too deep into such stage.
Trading may be seen as less risky compared to gambling, which is relatively true but then also, if care is not taken trading can give you the same level of negative impact same as what gambling does at some point, tendencies like debts and addiction ls are also present with trading forex as well.

livingfree

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We go back to every tip that everyone going to say about budgeting and that's true. Because we should only gamble with the amount that we can afford to lose.

And taking some breaks, you are not going to gamble all long, don't you? That's why you should always allot time during your free time so that you won't affect the other things that you do in life whether they're important or not.

You are not just living to gamble so, that's how you should allot time on activities like gambling. Make sure that there are no other things affected when you do.

Kavelj22

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Quote from: Sir_Garry55 on December 21, 2023, 11:56:18 AM

1.have a budget:it's very crucial to set a budget, decide how much money you are comfortable spending on gambling
2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it

3.Try to focus more on sports betting if you are a fan of one of the sports: because you can deal with analyzes more logically and make reasonable expectations. Online games are always subject to pure luck and cannot rely on any logical thinking method.
4.You must carefully choose the site on which you will practice gambling activity: This is the most important point, I think. There are several criteria that can help you make a choice, and you can find many discussions that touch on some of them.

Quote from: yahoo62278 on December 21, 2023, 12:03:03 PM

While this topic is probably helpful to someone out there, it is not the only topic of its kind. I see that you are new here so I would like to ask you to please take the time to use the search feature before making a post to make sure you aren't making a duplicate topic. Also, make sure you are posting in the correct section as this topic would belong in the gambling discussion board IMO.

These mistakes are likely to happen from any newbie, and this is what excuses him. But at the same time, I'm trying to figure out the reasons why someone would post a topic like this (which has good points) in his first post and then disappear after that without even interacting with the various responses. Get merit points perhaps? I can't extract anything.

Ojima-ojo

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I think we have another thread with exactly this same title, though it's been moved to the gambling discussion board which is actually where this one should belong too.

Aside the fact that it's of utmost importance that we keep the idea of responsible gambling always alive in the gambling section of this forum, so it continues to stay in our minds while we go on with our gambling activities, I also do not find it very interesting to have multiple threads discussing the same thing, the other thread which also centered on responsible gambling is still active, op should have just commented there rather than create a new thread.

But anyways, I see that op is a newbie, and possibly yet to under how the forum works, lets hope he will learn not to make this type of mistake again.

I still agree with everything he said about responsible gambling though.

Gozie51

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Quote from: Sir_Garry55 on December 21, 2023, 11:56:18 AM

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

Despite this thread becoming a routine but do you think a gambler who takes a break from his losses and then comes back to continue playing the way he has been playing that caused him the losses will have any difference in his output? No he won't because you don't expect to get different result doing same thing.

I was probably you would say change your strategy after the break and try if there will be an improvement in the profit output. To continue in same pattern gives same failing results.

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Quote from: cafter on December 21, 2023, 01:46:37 PM

Good advice you shared, these advice is very helpful for a gambling beginer and if he follow these rules exactly without getting to know them hard way, than it will be better for them. Also there is too many tips and experiened like this on this gambling board so also read those. I think the best and one most useful rule is to stopping at right time, like after a significant loss and win.

This is exactly stated on every responsible gaming terms of the casino and there’s a lot of advice in there too aside to these two. The problem on gambling was you can’t stick to this basic once your emotion is already high due to excitement or fear on losing depending on your current gambling situation.

This is why many players still failed to follow it even though it’s a golden rule and casino keeps reminding it to the players because they knew only few people can play in discipline manner.

cafter

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Good advice you shared, these advice is very helpful for a gambling beginer and if he follow these rules exactly without getting to know them hard way, than it will be better for them. Also there is too many tips and experiened like this on this gambling board so also read those. I think the best and one most useful rule is to stopping at right time, like after a significant loss and win.

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Quote from: Sir_Garry55 on December 21, 2023, 11:56:18 AM

~

You've said it well op, I think it's same as setting up a limit for your gambling activities. Many gamblers may find it tempting to use whatever money they have on gambling, hoping to make more, but often end up spending too much. It's essential to have self-control when it comes to gambling, as the desire to play more, even after significant losses, can be strong. Taking breaks can be helpful, especially for those who feel it's becoming addictive or distracting them from daily life. Stepping away from gambling for a short while can prevent addiction.

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Quote from: Sir_Garry55 on December 21, 2023, 11:56:18 AM

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

Should be in gambling discussion board.
Well, basically being responsible to anything won't do you any harm. Being responsible means you are aware of what you are doing and that will give you a prior solution to a problem which is addiction. Determining your allotted budget and taking a pause, are two baseline knowledge to be used on things which involve risk. Would be helpful indeed however, it won't be easy as it sounds. These things require self discipline and as we all know, not all people have it; if we do have it, then all people should be rich by now. Self-discipline means one's initiative should be present. You can name all the ideal characteristic a gambler should have but not all people has the initiative to set such limit to themselves.

MainIbem

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You are correct on what you said because whenever people tried to channel their efforts on their winning it always turns out the other way round especially when bettors or gambler keeps making lost they wouldn't think of taking break to restrategies and have another cool way to succeed in gambling.
Most people would keep chasing lost at the cost of trying to regain back what they have lost, but taking break for awhile will help to reduce the amount of lost. But however, I think there have been other related topics that speaks more about responsible gambling.

uneng

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Quote from: Sir_Garry55 on December 21, 2023, 11:56:18 AM

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

It can still put the person under anxiety and compulsiveness, once they don't want to stop playing after the determined budget is gone. To set a limited budget for gambling doesn't prevent someone from not going ahead on their betting session when they shouldn't, although you are right about the fact it's a very essential rule which must be followed by every gamblers, despite them being newbies or veterans.

Quote from: Sir_Garry55 on December 21, 2023, 11:56:18 AM

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

Linking the two points you made, there isn't much a gambler can do after he spends his budget. He has no choice besides taking a break, until his income is renewed, so he can set another budget for gambling purposes again. Technically, if you follow the first point, you will automatically be following the second, since they are connected by cause and consequence law.

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Quote from: SamReomo on December 21, 2023, 12:30:04 PM

Quote from: Sir_Garry55 on December 21, 2023, 11:56:18 AM

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

Although, you're right in your approach of promoting gambling responsivity but I think we have similar topics in this board and it's nothing new. I would still say that a gambler should read this thread and learn something from it. It's always better to allocate a percentage of your earnings for the purpose of gambling, I would also say that 1% to 4% is more than enough for gambling purpose, and if someone adds more than that then the losses can be higher if luck isn't in that gambler's favor.

I believe that if a gambler losses a lot in a day then that gambler should take a break of two to five days, and then try his luck once again by placing some bets at slow pace. If the same gambler continues to gamble even if losses are way more than wins then such gamblers will either get addicted to gambling or they will end up loosing everything and their account gets empty in no time. It's very important to be a responsible gambler and never ever consider gambling as a quick way to get rich.

If a gambler takes a break and then comes back without having a new trick under his sleeves, it will not change his luck but the same outcome again. A new strategy to win or a strategy to just reduce his gambling activity will do if he is trying to quit gambling.

But which is considered responsible gambling, making new strategies to win or gradually reducing the gambling time to quit in the later days? It could be a fine line for a lot of gamblers.

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Quote from: Sir_Garry55 on December 21, 2023, 11:56:18 AM

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

Although, you're right in your approach of promoting gambling responsibility but I think we have similar topics in this board and it's nothing new. I would still say that a gambler should read this thread and learn something from it. It's always better to allocate a percentage of your earnings for the purpose of gambling, I would also say that 1% to 4% is more than enough for gambling purpose, and if someone adds more than that then the losses can be higher if luck isn't in that gambler's favor.

I believe that if a gambler losses a lot in a day then that gambler should take a break of two to five days, and then try his luck once again by placing some bets at slow pace. If the same gambler continues to gamble even if losses are way more than wins then such gamblers will either get addicted to gambling or they will end up loosing everything and their account gets empty in no time. It's very important to be a responsible gambler and never ever consider gambling as a quick way to get rich.

Topic: Responsible gambling - page 31. (Read 3918 times)