Topic: Responsible gambling practices. - page 17. (Read 4363 times)
We all learn from our mistakes, so most teenagers decide to experience gambling and other recreational activities that without proper supervision can have a negative impact on the psyche. I don't think it's a bad thing. What is bad is when a teenager has no interest in anything and shields themselves from anything new. It is impossible to gain some experience without studying some sphere on your own. The main thing is not to forget that everything should be approached with critical thinking and caution.
Teenagers are very prone to peer pressure and are obsessed with fitting in so whatever is in “trend” they will go do that even if it might be harmful to them. I don’t think gambling is inherently harmful but when you are still a teenager who has no means of earning money and is still living under the roof of your parents then you should not gamble their money so recklessly. A teenager or a minor will never understand the risks and possible consequences of their actions so they should not involve themselves in gambling at such a young age
indeed it is possible that this has happened a lot among teenagers, when they have a social circle that knows the latest trends then there is a big chance that they will follow the style standards, this leads them to force themselves to be able to adjust, unfortunately this can also make them at a point that endangers themselves such as looking for a way out by making gambling an alternative.Basically gambling is not dangerous because this is a business that is run to make a profit, but what is dangerous is the behavior of each individual themselves by responding to their gambling incorrectly. if you say gambling is dangerous I disagree.
1. Set your Limits
2. Avoid Chasing your Losses
3. Gamble for Entertainment, Not Income.
4. Avoid alcohol, drugs and emotion.
There are good gambling practices that if anyone adheres to will be more responsible in their gambling activities.2. Avoid Chasing your Losses
3. Gamble for Entertainment, Not Income.
4. Avoid alcohol, drugs and emotion.
Among them, chasing losses is the worst, no one regularly chases losses and has the victory. In 100 people, I am sure that more than 95% will have a bitter story to tell about that, and the 5% who recovered from the losses and even made money in some cases are merely lucky. If they persist in doing that, they will certainly join the 95% who lose.
Finally you need to ask yourself some questions frequently:
A. Is gambling affecting my relationships, work, or finances?
B. I'm I spending more money or time than I planned?
C. I'm I gambling to escape problems or stress?
D. I'm I enjoying gambling.
Best practices in gambling to me sound like a bad joke. You are gambling which in some languages it is called "game of daring" meaning that you are daring and challenging yourself against the casino. You can't use best practices in my opinion in such an environment where you are daring to use your money in order to multiply them a lot more, you can have some rules setup like bankroll management which can fall into that "best practices" section but not to have practices in a game where you are daring against another entity, in this case the casino.
Finally you need to ask yourself some questions frequently:
A. Is gambling affecting my relationships, work, or finances?
B. I'm I spending more money or time than I planned?
C. I'm I gambling to escape problems or stress?
D. I'm I enjoying gambling.
This question should run through our minds frequently because it will help us know what we are really doing and keep us in check.
B. There are times but you shouldnt be tolerating it and avoid it as much as you could because this will really be giving out that huge effect later on.
C. No, when im in stress then i do just go on buying up something instead on doing gambling.
D. I do enjoy gambling but i do really done these things occasionally or when im in mood.
It will be just that depending on you on how you will be handling up yourself into this gambling field and its important that you should that only treat this one to be that for entertaintment.
I'm not gambling for fun but to make passive income. There are other ways I catch fun like hanging out with friends over some bottles of drinks, watching live soccer and others. When I want to gamble, it is serious business for me that is why I'm conscious of how much money I put into gambling and also what my expectations are like when to make withdrawals and when to stop gambling in case of winning to my expectations or too much losses. If I see gambling as fun, it might affect my thinking and decision making making and this can in turn affect the outcome.
It is difficult to make passive income from gambling because you still use money to betting. Passive income means you don't have to spend money after the thing is run and only wait for that thing generate money for you. While playing gambling needs to spend some money which is not have a big guarantee to win, so you must be careful when gambling.But I guess you can be responsible when playing gambling as I see that you can control yourself and know what you should do in gambling. Not many people can be like you where they will tempts from gambling and difficult to stop gambling.
Finally you need to ask yourself some questions frequently:
A. Is gambling affecting my relationships, work, or finances?
B. I'm I spending more money or time than I planned?
C. I'm I gambling to escape problems or stress?
D. I'm I enjoying gambling.
Finally you need to ask yourself some questions frequently:
A. Is gambling affecting my relationships, work, or finances?
B. I'm I spending more money or time than I planned?
C. I'm I gambling to escape problems or stress?
D. I'm I enjoying gambling.
Sincerely speaking gambling ain't affecting any areas of my life you know, cause I'm being discipline with my actions, and spending more money or time it's actually rare and i don't think I'm doing so to escape problems or stress it's all for the fun and I'm enjoying it just as this because I'm not in any situation of loosing or being addicted and if I lose I definitely know it's what the game is created for.
This question should run through our minds frequently because it will help us know what we are really doing and keep us in check.
Very helpful post, mate! I appreciate your efforts. Well, this is what I am telling the gamblers here, your post is not the only one, there are several threads on this topic that convince them to gamble, but with the most precautions. I am not advising gamblers to stay away from gambling, but fully depending on it is the worst decision. You can gamble, but set some rules for yourself, as mentioned in your post. I think that by using all these rules, they will never fall in a loss. Not only will they avoid losses, but they will also truly enjoy the meaning of gambling, which is not a source of income but a source of pleasure and entertainment. 
Perhaps, as a gambler you can keep gambling within some specific range of amount than going above what you can afford or lose in gambling that is why today many people find it difficult to leave gambling after calculating total amount they have lose in gambling giving up is never enough option for them why because they have already lost a significant amount which they can't bear to lose them but on the contrary when there is any huge winning this would ignite their love passion and interest on gambling.
but when faced with the actual situation to actually apply what they always say here, they fail to do so as they always allow their emotions have the best of them and leads them into making rational choices that may result to loss of funds. Near success syndrome as you said is a very disastrous thing that could control any gambler if not all because when such nearmiss occurs you would have this rethink that there is always a possibility to have such luck, therefore you don't mind keep pushing harder and trying out new things while you gambles. Most gamblers are being enclouded with such mentality and mindset because they wouldn't know where they are and to what they are doing, just that they are becoming more optimistic about their gambling habits to trying out possibilities while becoming too addictive to it.
Yes of course nearly all the gamblers experiences this except for those who aren't that gambling all time maybe they are seasoned gamblers or weekly gamblers where they would have to wait till the specific moments they usually gamble to make any bet.
Yes, and this is often the point where most gamblers take the highest risks, makes the stupidest decisions and often land themselves in a total deep shit. This is because at this point, some gamblers may have already exhausted their initial gambling limits or budgets, and the only options left for them to continue trying or pushing their luck would be to either take out money meant for something else or even go as far as taking up loans or selling their belongings just to continue pushing their luck, and like we already know, even at this point, the results could still be unchanged and they end up losing even more severely and putting themselves into some serious trouble and losses. Yes of course nearly all the gamblers experiences this except for those who aren't that gambling all time maybe they are seasoned gamblers or weekly gamblers where they would have to wait till the specific moments they usually gamble to make any bet.
Perhaps, as a gambler you can keep gambling within some specific range of amount than going above what you can afford or lose in gambling that is why today many people find it difficult to leave gambling after calculating total amount they have lose in gambling giving up is never enough option for them why because they have already lost a significant amount which they can't bear to lose them but on the contrary when there is any huge winning this would ignite their love passion and interest on gambling.
Near success syndrome as you said is a very disastrous thing that could control any gambler if not all because when such nearmiss occurs you would have this rethink that there is always a possibility to have such luck, therefore you don't mind keep pushing harder and trying out new things while you gambles. Most gamblers are being enclouded with such mentality and mindset because they wouldn't know where they are and to what they are doing, just that they are becoming more optimistic about their gambling habits to trying out possibilities while becoming too addictive to it.
Yes of course nearly all the gamblers experiences this except for those who aren't that gambling all time maybe they are seasoned gamblers or weekly gamblers where they would have to wait till the specific moments they usually gamble to make any bet.
Yes, and this is often the point where most gamblers take the highest risks, makes the stupidest decisions and often land themselves in a total deep shit. This is because at this point, some gamblers may have already exhausted their initial gambling limits or budgets, and the only options left for them to continue trying or pushing their luck would be to either take out money meant for something else or even go as far as taking up loans or selling their belongings just to continue pushing their luck, and like we already know, even at this point, the results could still be unchanged and they end up losing even more severely and putting themselves into some serious trouble and losses. Yes of course nearly all the gamblers experiences this except for those who aren't that gambling all time maybe they are seasoned gamblers or weekly gamblers where they would have to wait till the specific moments they usually gamble to make any bet.
It's greed and the perception that the negative outcomes of gambling won't occur to them, along with overconfidence; it's the recipe for disaster. I also don't think it's that difficult to contain yourself and be careful; you don't even need a strict budget. At least that's my personal experience, but that also depends on your financial situation. Generally, it's easy to get carried away, we've all been through that phase, and I also believe we've all let our greed cloud our judgement, but that's not an excuse if it's a reoccurring phenomenon.
It’s indeed very easy to get carried away when gambling, especially when the gambler experiences what is called the near success syndrome, where a gambler almost made a huge win but lost due to a very tiny mistake or error, either from your end or maybe from the end of the teams playing, and sometimes we may even blame the casino for it. Now when we have this experience, it becomes a major boost to gamblers to wish to try again that perhaps they’d get lucky this time and get it right. This happens to every gambler and it takes only those with super ultra self control to be able to break free from this cycle because the cycle is an endless loop that keeps going on and on and on.
Yes of course nearly all the gamblers experiences this except for those who aren't that gambling all time maybe they are seasoned gamblers or weekly gamblers where they would have to wait till the specific moments they usually gamble to make any bet.
It's greed and the perception that the negative outcomes of gambling won't occur to them, along with overconfidence; it's the recipe for disaster. I also don't think it's that difficult to contain yourself and be careful; you don't even need a strict budget. At least that's my personal experience, but that also depends on your financial situation. Generally, it's easy to get carried away, we've all been through that phase, and I also believe we've all let our greed cloud our judgement, but that's not an excuse if it's a reoccurring phenomenon.
It’s indeed very easy to get carried away when gambling, especially when the gambler experiences what is called the near success syndrome, where a gambler almost made a huge win but lost due to a very tiny mistake or error, either from your end or maybe from the end of the teams playing, and sometimes we may even blame the casino for it. Now when we have this experience, it becomes a major boost to gamblers to wish to try again that perhaps they’d get lucky this time and get it right. This happens to every gambler and it takes only those with super ultra self control to be able to break free from this cycle because the cycle is an endless loop that keeps going on and on and on.
There is a psychological explanation why people become hooked and eventually addicted to gambling. It first triggers curiosity, then the experience triggers the what-ifs. If the gambler's discipline is weak then the enticement and attractions, the what-ifs will keep him hooked to the gambling activities. It is really very attractive the idea of easy money or earning profit while enjoying oneself regardless whether if poses a risk of losing money.
Addicted gamblers usually have psychological background to explain their behaviour, there's always an explanation for our behaviours. Gambling, through the anticipation of the outcome, also provides an adrenaline rush, a feeling that you keep desiring, and the more gamble, the less saturated this feeling becomes. The idea of easy money is always attractive, but not feasible, there are no shortcuts, and gambling certainly isn't one of them. Having this mentality is way more likely to result in you being in debt 
Perhaps gambling addiction sometimes comes in as an unconscious behaviour that one may have been practicing without knowing it's becoming an addiction, you can be gambling and making some wins with a specific period of time and the more consistent you win you might unconscious start becoming addicted to it. Addiction sometimes are very much unconscious which means people who get addicted some times do not know they are addicted already until a significant loss is made then consciousness would begin to align with them.
Gambling addiction is not a one step thing. I believe it is a progressive activity, meaning it needs more than one gambling engagement before it develops. According to this article: https://www.psychguides.com/behavioral-disorders/gambling-addiction/how-to-help/, a gambler may be okay today but due to frequent engagement in gambling, it may develop later on. So one must always be on guard and conduct a frequent test and reflections about their gambling activities. Gambling addiction do really develop unconsciously.
If you decide to be very strict with your gambling, this lead to things and such thing can be a straight wining if you have been around the gambling you would understand that sometimes things happen to anyone so it's not specific what it could be but nobody prays to be a victim of gambling circumstances.
True that, everyone just wants to have fun and earn some winning while having fun, but sadly in the course of gambling engagement, if one is too careless and unaware of the possibilities of gambling addiction, the gambler might develop a gambling addiction unconsciously.
Having a responsible gambling practice is not what is being made difficult for us to do, but maby we couldn't afford to go through the process as required for us to do, the more we are gambling, we should be able to make use of it for our own personal good and building for a capacity development regarding the way we are gambling, no one will pushed us towards responsible gambling except we realized that we should always go for it.
Teenagers are very prone to peer pressure and are obsessed with fitting in so whatever is in “trend” they will go do that even if it might be harmful to them. I don’t think gambling is inherently harmful but when you are still a teenager who has no means of earning money and is still living under the roof of your parents then you should not gamble their money so recklessly. A teenager or a minor will never understand the risks and possible consequences of their actions so they should not involve themselves in gambling at such a young age
A teenager should not involve themselves in gambling, because it is not right and they should not be involved in something that they themselves are not old enough to do. They should be busy with things that can develop themselves to be better such as hobbies, their school, or other positive things that they can do. As for gambling, they can do it when they already have their own money and can be responsible for any decisions in their own lives.
At a teenage stage their mind can accommodate anything they are being led to such that they can find it difficult to change their mindset while growing up so the only way to avoid them from being influenced by peer pressure of doing things above their stage is to make sure they are devoted to things that will not distract their attention from focusing on their career and develop their mindset positively. Gambling is not for teenagers, and it is also a duty for us to caution and advice anyone of them who tries to deviate to things above their limits.
Yes, that is the reason why I said above that we need to reconsider whether the advice and input really make sense or not, because as you said that not all experienced gamblers are wise and always right in giving advice or suggestions to others especially when talking about gambling, meaning one of the reasons why you need to reconsider the advice is to find out whether it is good or not for you, because only you yourself know what is best for you, and also because everyone usually has different thoughts in every time they conclude something.
For a gambler who just started gambling, he may not understand what to do even after given the advice, and he may not be able to determine if the advise is the best one or not that is why experience is also one of the best ways to learn, its best to let some persons have their own experience so they can determine how to go about controlling their emotions during loss or win. After having few experience if the gambler wishes to be discipline in his gambling lifestyle then he can truly tell if an advice is good or not for him. Only those who wishes to make good decisions in gambling ever take a break and ask if they are actually making the right choice and work towards their expectations.
Jump to: