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Topic: Responsible Gambling Practices Most People Ignore and Sleep on (Read 1071 times)

hero member
Activity: 2912
Merit: 556
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~snip~
Gambling to get rich quick has been the cause of many problem gambling cases in the industry. The more players want to hit the jackpot and live their dream life, the more their losses compile. Such gamblers hardly stop at gambling when their money exhausts, they go as hard as taking bigger loans to be able to achieve their dreams. It's a mental disorder and happens so fast in the brain of the gamblers. The need to control our emotions and fantasies for winning big, should be there in the gambler's thoughts. However, the problem most other addicts had before addiction was seeing other gamblers win the jackpot and living the life they wanted to live. Such things don't define a true gambler, who wants to have fun and feel entertained for gambling. That's why such gamblers end up in a wrong side of the game, because the route they follow is not quite the right one.
People who are thinking about getting luck from gambling should immediately forget about it because it will only give them problems, and the problems can become bigger if they really lose control of themselves. And the more people who try to chase the jackpot, they will only experience more and more losses and there is a possibility that they will also run out of money. They will also lose control of themselves, will experience lots of problems and will even become addicted to gambling. If they think about taking out a loan so they can continue gambling, it will only be in vain because the borrowed money can be used up for gambling, and they will have difficulty paying their debts. When they run out of money, they experience a gambling addiction, which will only make them want to gamble again and take loans from other people. Such a cycle must be broken by realizing that they must reduce their gambling activities so that they do not have serious problems.
hero member
Activity: 1274
Merit: 561
Leading Crypto Sports Betting & Casino Platform
You first need to erase the idea of getting rich with gambling from your mind, to practice the act of responsible gambling is to expect too less of gambling.

After that, you can then proceed to using a certain sustainable amount only for gambling purpose, to keep this going for you for many years in the future you need to time yourself when gambling, what this will do is limit your attachment with gambling.

This is like a virus, because I have seem responsible gamblers going AWOL after few practices, and I figured out that they spent more time in gambling, you want to get rich? Look else where, have the hope of getting rich from something else, not gambling. If you can't do these it's better you leave gambling behind.
I agree with you in eliminating the idea of getting rich through gambling, as it will only add to the problems for those who try it. They will not be able to stop their gambling activities because they have not been able to earn much money. They will continue their gambling activities and will probably use more of their money to gamble until they can earn a lot of money. However, their desires will still be difficult to achieve because gambling is not a place to make money but only a place to have fun, so they have to think about not doing that. Otherwise, they will only lose even more money without being able to recover their losses. They should be able to gamble responsibly so that they can prevent more losses and also not experience gambling addiction problems as other people have experienced. However, we must prevent ourselves from experiencing problems from the gambling activities we do, and we can still enjoy gambling as entertainment.

Gambling to get rich quick has been the cause of many problem gambling cases in the industry. The more players want to hit the jackpot and live their dream life, the more their losses compile. Such gamblers hardly stop at gambling when their money exhausts, they go as hard as taking bigger loans to be able to achieve their dreams. It's a mental disorder and happens so fast in the brain of the gamblers. The need to control our emotions and fantasies for winning big, should be there in the gambler's thoughts. However, the problem most other addicts had before addiction was seeing other gamblers win the jackpot and living the life they wanted to live. Such things don't define a true gambler, who wants to have fun and feel entertained for gambling. That's why such gamblers end up in a wrong side of the game, because the route they follow is not quite the right one.
jr. member
Activity: 112
Merit: 1
Can also add the following from the list:
  • Self awareness - be mindful of emotions and motivations
  • Taking breaks - give self some time to prevent burnouts and clear mind
  • Accept losses to avoid chasing loss by increasing bets
  • know when to stop - set boundaries and do not let it consume you
hero member
Activity: 616
Merit: 749
You first need to erase the idea of getting rich with gambling from your mind, to practice the act of responsible gambling is to expect too less of gambling.

You're correct if you want to gamble responsible you need to forget about getting rich quick from gambling, when you're too interested in getting rich you won't be enjoying yourself but always make decisions that you'll think will make you rich but it won't and you'll keep losing money. Getting rich quick mindset will make you to become an addicted gambler as you'll be gambling more than you are supporting tinbe gambling. Gamble should be for entertainment purpose mainly.

Gambling with small staked amount is a good way to gambling responsible, when you're gambling with small staked amount you won't be over staking and it will reduce the chances of you running out of cash to gamble. Most gamblers get too greedy and want to win big bet therefore they use big stakes but end up losing it and some of them repeat this practice which makes them to go broke very quickly.
hero member
Activity: 1498
Merit: 504
gambling responsibly is very important because we will know what points we will do so that we don't become addicted or don't gamble too much, like the points given by the OP, it is very important for all of us to continue learning to be responsible gamblers answer because with that we will avoid addiction which will make our own lives difficult.
If we truly want a stability, we can start it by using a stable currency for gambling (something like USDT) or non-crypto payment methods because a volatile crypto can dump in price and it can be one of the reasons for us to continue playing, thinking we are still losing or our profit is not yet enough. No matter how much control we do, there will still be people who will judge us or they will judge gambling in a negative way but this is not our problem anymore if that is what they believe. We can just continue on what we doing.

Quote
if we can balance the things we do then the pleasure will not turn into an addiction.
This is right that when we are addicted, there is no pleasure that we can feel anymore. It is like our body and mind are numb but we can't stop doing it. It is more like a chore already but not beneficial.
Gambling with cryptocurrencies is indeed an unstable price and if you want stable prices you can use USDT, indeed gambling with cryptocurrencies is unstable when the price goes down it can make us think that we are continuing to experience losses even though it is caused by the price going up and down currency that we use, but in my opinion using a cryptocurrency like BTC is not a big problem, even if it goes down it won't be a significant decline and even if you want to use USDT that's okay, it's up to the user, the most important thing is to keep doing it within reasonable limits.



There is no meaningful enjoyment if we are addicted to gambling because what we are chasing is no longer pleasure but chasing endless losses if we don't stop immediately or have it handled by a professional person because stopping addiction is not easy. Therefore we should not ignore the things that make us addicted to gambling and we are not careless and become irresponsible when gambling because this can prevent us from becoming addicted to gambling.
hero member
Activity: 2912
Merit: 556
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You first need to erase the idea of getting rich with gambling from your mind, to practice the act of responsible gambling is to expect too less of gambling.

After that, you can then proceed to using a certain sustainable amount only for gambling purpose, to keep this going for you for many years in the future you need to time yourself when gambling, what this will do is limit your attachment with gambling.

This is like a virus, because I have seem responsible gamblers going AWOL after few practices, and I figured out that they spent more time in gambling, you want to get rich? Look else where, have the hope of getting rich from something else, not gambling. If you can't do these it's better you leave gambling behind.
I agree with you in eliminating the idea of getting rich through gambling, as it will only add to the problems for those who try it. They will not be able to stop their gambling activities because they have not been able to earn much money. They will continue their gambling activities and will probably use more of their money to gamble until they can earn a lot of money. However, their desires will still be difficult to achieve because gambling is not a place to make money but only a place to have fun, so they have to think about not doing that. Otherwise, they will only lose even more money without being able to recover their losses. They should be able to gamble responsibly so that they can prevent more losses and also not experience gambling addiction problems as other people have experienced. However, we must prevent ourselves from experiencing problems from the gambling activities we do, and we can still enjoy gambling as entertainment.
legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
You first need to erase the idea of getting rich with gambling from your mind, to practice the act of responsible gambling is to expect too less of gambling.

After that, you can then proceed to using a certain sustainable amount only for gambling purpose, to keep this going for you for many years in the future you need to time yourself when gambling, what this will do is limit your attachment with gambling.

This is like a virus, because I have seem responsible gamblers going AWOL after few practices, and I figured out that they spent more time in gambling, you want to get rich? Look else where, have the hope of getting rich from something else, not gambling. If you can't do these it's better you leave gambling behind.

It is advisable, indeed, to plan ahead instead to simply gamble on the go (especially now, with greater availability thanks to smartphones, tablets...).

Once you are aware that gambling won't make you rich (except maybe lotteries in really exceptional cases; you can expect being struck by several lightning before that happens) and you set a maximum, sustainable budget, then limiting you attachment can be much more effective.
sr. member
Activity: 686
Merit: 403
You first need to erase the idea of getting rich with gambling from your mind, to practice the act of responsible gambling is to expect too less of gambling.

After that, you can then proceed to using a certain sustainable amount only for gambling purpose, to keep this going for you for many years in the future you need to time yourself when gambling, what this will do is limit your attachment with gambling.

This is like a virus, because I have seem responsible gamblers going AWOL after few practices, and I figured out that they spent more time in gambling, you want to get rich? Look else where, have the hope of getting rich from something else, not gambling. If you can't do these it's better you leave gambling behind.
hero member
Activity: 1274
Merit: 561
Leading Crypto Sports Betting & Casino Platform
gambling responsibly is very important because we will know what points we will do so that we don't become addicted or don't gamble too much, like the points given by the OP, it is very important for all of us to continue learning to be responsible gamblers answer because with that we will avoid addiction which will make our own lives difficult.
If we truly want a stability, we can start it by using a stable currency for gambling (something like USDT) or non-crypto payment methods because a volatile crypto can dump in price and it can be one of the reasons for us to continue playing, thinking we are still losing or our profit is not yet enough. No matter how much control we do, there will still be people who will judge us or they will judge gambling in a negative way but this is not our problem anymore if that is what they believe. We can just continue on what we doing.
It is true that the fluctuations on the price of bitcoin can affect us and we may modify the amount we gamble because of them, but we need to keep those thoughts away as those are two completely different matters, if the bitcoin that we are using to gamble is thought in that way and you begin to think about the fiat value you are earning or losing, then it is better to stop gambling with that money, as if you were to lose it, you will think about what you could have done with it if you invested it instead.

But the use of cryptocurrency to gamble helps the growth of the currency. However, that won't stop the volatility of bitcoin and other cryptocurrencies used in gambling. Most gamblers also enjoy using cryptocurrency to gamble because of the volatile benefits. The price could increase after winning big from gambling. So, it's a two-way street. What matters for players is the need to get hold of their actions. Not just depending on the price of cryptocurrency while gambling. Focusing on the outcome of the game and the profits and how to be in control while benefiting is a nice way of gambling, without facing many troubles. Hence, if a player is equipped with fiat, he can be playing with it and stack his cryptocurrency. Anyways the gambler needs to be responsible, if he's not, it'll be difficult for him to control both his fiat and cryptocurrency.
sr. member
Activity: 1736
Merit: 306
Responsible Gambling Practices Most People Ignore and Sleep on
Of course the factors you mentioned are all the five things above, of course I don't deny that we all know these factors and are common, but I have applied some of these points, such as points [1] and [2], but the risk of loss still occurs.

My understanding is that in the world of gambling there are two methods that often conflict, such as (theory and practice) these two factors don't work properly, as you said above, for me it's all theory, However, practices in the field are far beyond control, which means that most gamblers cannot be held responsible for the losses they face in the gambling arena.

Yes,theory and practice are different and the way you go about them,that's what matters and mostly the practice aspect is the reality of life where you go into the field and executing what you've learnt.
In this area the tendency for winning is on a 50)50  basis.just like a doctor administering medications to a patient when it gets to the practical aspect where he will conduct an operation for instance,he will put is mind on it,cause any mistake he might definitely loose the patient.so it's applicable to gambling.

You saying practice is far beyond control,what are you trying to say,is it concerning the money use for staking or what or the way the game is played in the casinos..but one thing is that the practice on the field matters a lot and should be put on an active check.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
gambling responsibly is very important because we will know what points we will do so that we don't become addicted or don't gamble too much, like the points given by the OP, it is very important for all of us to continue learning to be responsible gamblers answer because with that we will avoid addiction which will make our own lives difficult.
If we truly want a stability, we can start it by using a stable currency for gambling (something like USDT) or non-crypto payment methods because a volatile crypto can dump in price and it can be one of the reasons for us to continue playing, thinking we are still losing or our profit is not yet enough. No matter how much control we do, there will still be people who will judge us or they will judge gambling in a negative way but this is not our problem anymore if that is what they believe. We can just continue on what we doing.
It is true that the fluctuations on the price of bitcoin can affect us and we may modify the amount we gamble because of them, but we need to keep those thoughts away as those are two completely different matters, if the bitcoin that we are using to gamble is thought in that way and you begin to think about the fiat value you are earning or losing, then it is better to stop gambling with that money, as if you were to lose it, you will think about what you could have done with it if you invested it instead.

Or better, exchange it first with something that we prefer so that we can avoid converting what we have lost or won over and over again.
This is why I switched to USDT from using Bitcoin too. It's always in my head and it stresses me out calculating everything that I may have lost. So if a gambler is always trying to do that, there's always the other way which is converting it to fiat first for an easier play time. That way, we are also avoiding those kinds of thoughts that may ruin our entertainment.

Also, by using that we can set our financial limitations without jeopardizing our investment if we like just keeping Bitcoin instead of gambling it.
This is one of the usual problems that I see with other gamblers. But if you are ready to spend Bitcoin in gambling but don't want to see it then gambling sites have the feature of just showing USD instead of Bitcoin although you are still spending Bitcoin in the process.
The price fluctuation cannot be prevented, many things are happening in the cryptocurrency industry, the better choice is to keep it and just use stable coins instead.
legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
-snip-
If we truly want a stability, we can start it by using a stable currency for gambling (something like USDT) or non-crypto payment methods because a volatile crypto can dump in price and it can be one of the reasons for us to continue playing, thinking we are still losing or our profit is not yet enough. No matter how much control we do, there will still be people who will judge us or they will judge gambling in a negative way but this is not our problem anymore if that is what they believe. We can just continue on what we doing.
It is true that the fluctuations on the price of bitcoin can affect us and we may modify the amount we gamble because of them, but we need to keep those thoughts away as those are two completely different matters, if the bitcoin that we are using to gamble is thought in that way and you begin to think about the fiat value you are earning or losing, then it is better to stop gambling with that money, as if you were to lose it, you will think about what you could have done with it if you invested it instead.

My friend Silberman is right: if you will start thinking "what if" in the case you gamble and lose cryptos which eventually increase in value, then it's better to simply gamble with fiat or stablecoins (stablecoins you swapped from cryptos which eventually increase in value? well, it would be a similar case, if you have a tendency to regret yourself for unforeseeable events, but it will create a little "screen" between you and the perception of opportunity cost).
legendary
Activity: 2534
Merit: 1338
gambling responsibly is very important because we will know what points we will do so that we don't become addicted or don't gamble too much, like the points given by the OP, it is very important for all of us to continue learning to be responsible gamblers answer because with that we will avoid addiction which will make our own lives difficult.
If we truly want a stability, we can start it by using a stable currency for gambling (something like USDT) or non-crypto payment methods because a volatile crypto can dump in price and it can be one of the reasons for us to continue playing, thinking we are still losing or our profit is not yet enough. No matter how much control we do, there will still be people who will judge us or they will judge gambling in a negative way but this is not our problem anymore if that is what they believe. We can just continue on what we doing.
It is true that the fluctuations on the price of bitcoin can affect us and we may modify the amount we gamble because of them, but we need to keep those thoughts away as those are two completely different matters, if the bitcoin that we are using to gamble is thought in that way and you begin to think about the fiat value you are earning or losing, then it is better to stop gambling with that money, as if you were to lose it, you will think about what you could have done with it if you invested it instead.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
gambling responsibly is very important because we will know what points we will do so that we don't become addicted or don't gamble too much, like the points given by the OP, it is very important for all of us to continue learning to be responsible gamblers answer because with that we will avoid addiction which will make our own lives difficult.
If we truly want a stability, we can start it by using a stable currency for gambling (something like USDT) or non-crypto payment methods because a volatile crypto can dump in price and it can be one of the reasons for us to continue playing, thinking we are still losing or our profit is not yet enough. No matter how much control we do, there will still be people who will judge us or they will judge gambling in a negative way but this is not our problem anymore if that is what they believe. We can just continue on what we doing.

Quote
if we can balance the things we do then the pleasure will not turn into an addiction.
This is right that when we are addicted, there is no pleasure that we can feel anymore. It is like our body and mind are numb but we can't stop doing it. It is more like a chore already but not beneficial.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
We have always encouraged self-control and discipline in gambling but is it easy? How do we make people not act on the impulse to gamble especially when they have fallen into the trap of addiction? This is not a question of saying that they should do this or do that but a question of how will they do it? Even though there are guidelines and therapy to help, is the gambler ready to follow the guides? Does the gambler see himself as having a gambling problem?

This is so important because it is when a gambler feels he is having a problem with his gambling habit that he will look for ways to control his impulses and stay disciplined. When he realizes this then he will appreciate self-help and therapies. Self-control and discipline are what constitutes responsible gambling. With self-control, you know when to pause and with discipline specifically financially, you can set a budget and stick to it.
It's not easy to always encourage self-control and discipline in gambling, but they have to do that if they still want to gamble and don't want to lose more. But only a few people are truly willing to exercise this self-control and discipline, while the rest continue to gamble based on their passions. It depends on how they want to try to control themselves while gambling and not think about winning or losing because when they think about those two things, there will be a desire to get it. It will be difficult because they have to try to control the turmoil within themselves so as not to be tempted by anything they see in gambling.

A gambler should be able to realize that he already has a problem with his gambling habits, but most gamblers will not realize it and just want to continue gambling. He can go to a rehabilitation center to ask about ways to avoid his urge to gamble, which he may be almost unable to control, so that he can immediately get treatment and also get help from experts. This is to prevent them from becoming addicted to gambling because many people do not even realize that they have a gambling addiction.
hero member
Activity: 1652
Merit: 518
OrangeFren.com


Overlooking is that emotional instability that makes it appear as though all the negative signs are ignored. Almost in everything you do, you need emotional stability to take reasonable but hard decisions. It is not very easy to stop yourself from gambling when you have lost reasonable amount of money. Most times it is the effort of a third party that begins to reveals these signs. A gambler despite knowing he is over gambling, he keeps getting deeper because he is chasing back his loses but it takes the intervention of someone that is concerned about his loses to advise him about stopping.

The gambler who get into the overthinking of making the huge win from the gambling site after the winnings should be avoided.The gambler should get satisfied with the some dollars from the deposited dollars.If the gambler only target the huge dollars from the gambling site,then he should accept the risk of losing the holding dollars.The gamblers who play the gambling with more care will make the huge win in the gambling site.The gambler who doesn’t need any money winning from the gambling site may use the gambling site for the entertainment purpose.The old age gamblers will chose the gambling site only for the entertainment purpose.
hero member
Activity: 2660
Merit: 630
Vave.com - Crypto Casino
Many people overlook setting strict financial limits, monitoring time spent gambling, and recognizing signs of potential addiction as crucial aspects of responsible gambling.

Overlooking is that emotional instability that makes it appear as though all the negative signs are ignored. Almost in everything you do, you need emotional stability to take reasonable but hard decisions. It is not very easy to stop yourself from gambling when you have lost reasonable amount of money. Most times it is the effort of a third party that begins to reveals these signs. A gambler despite knowing he is over gambling, he keeps getting deeper because he is chasing back his loses but it takes the intervention of someone that is concerned about his loses to advise him about stopping.
hero member
Activity: 952
Merit: 662
No one is going to help you stay responsible, being responsible is a  decision you make yourself, therefore responsible gambling practice must come from within. People will only come out to help you when they realise your gambling habit is draining you emotionally, financially, socially and even spiritually. When they begin to see negative changes in you, the concerned ones will come to your aid. But you know you do not need to wait till People begin to notice negative changes in you before you decide to do the right thing. Waiting till things go wrong can be stressful, aside from the fact that many other things might have been ruined already.
Correct, what makes it interesting? the addict reject the help from the concerned ones and the addict will say mind your own business. Cheesy

If the person don't want to change by himself and reject the help from other people, why it's become our concern? we have our own life, our life isn't only dedicated to cure gambling addicts except that's our jobs and we get paid for that.
hero member
Activity: 1134
Merit: 643
BTC, a coin of today and tomorrow.

1. Setting Limitations
Gambling isn't totally harmful as long as you are doing things in moderation. Things done responsibly won't take a wrong turn in a snap as long as you are doing what you have to do.
Setting limits is very nice in anything you do but there is a very big problem which is the ability to maintain the limits that you have set. Not many people that sets limits and not many people who also respect the limits that they set.

2. Understanding the Rules, Regulations, Policies, and Conditions
Aside from setting boundaries, you must understand, not only be aware of the existing rules and policies of the casino you want to play or are playing into.
Many people do not read the rules and including myself. I think the rules in question here is likely written in the terms and condition which is always bulky and tiring to read. Many people skip that part and when they fall into mess, the casino owners will use the terms of services against them.

3. Financial Management
Wisely managing your funds will make a huge impact on your gambling journey. It can dictate whether you will be bankrupt, have pile of debts, or go on with your life comfortably or even more comfortable depending on how you will make choices. Being a responsible gambler means handling your finances in a smart manner because responsible gambling has a deep connection and relation with how you spend your funds.
There are many types of management but in all, financial management is one of those things that is difficult to implement. The reason this is so is because you need financial literacy in order to understand financial management. Many gamblers are not financially literates, so it's a difficult task for them to manage their finance.

4. Utilizing Self-exclusion Programs by Casinos
A lot of people still don't know the existence of this feature in a casino.
It is true that not everyone that knows about the self-exclusion features in casino and it is not all casinos that have these features. It should be made compulsory for all casinos to have this.

5. Gambling Community as Support
When things go tough, some people become shy to ask for help and to seek for suggestions.
Maybe, like this forum... It is a good place to see advice.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
Responsible gamblers ain't cowards. Most people believe since gambling is all about taking risks,  those who invest so much money and time are the real heroes. They might be right but those who cannot afford to lose their jobs and huge amounts of money all for the same of gambling have no business competing with these set of gamblers because the pain of losing everything hits differently.
Yes, for poor gamblers it is not a cowardly attitude because they gamble responsibly and it is different from gambling done by rich people because they only see gambling as a place to just have fun with their money, so even losing a lot is not a problem for them because they only use money that is not used or money that is more than their pocket, it is true that gambling is a game full of risks but that does not mean that risk is the scary part of gambling, the most scary thing in gambling is gambling addiction so avoid it while you can . Gambling addiction is difficult to cure.

That's why everyone should play responsibly because it can prevent us from becoming addicted to gambling. Moreover, it's not cowardly to play responsibly. If you don't feel rich, you should never gamble, waste too much money and take risks without limiting yourself, let alone your gambling budget. no limits, don't play like rich people but use the same mindset as rich people, thinking about pleasure above all else, not winning, let alone money from gambling itself. It all depends on your mindset and responsible way of playing.
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