Topic: Risk management and responsible gaming - page 4. (Read 1295 times)

If you are already in the addiction phase then there is nothing else you want to do but just spend time gambling, no matter how much money you have lost, because gamblers who are addicted as you said that they cannot apply common sense so it is very difficult to be able to consider or distinguish what is good and what is bad to do. That's right, they gamble with only desperation in order to achieve the big winnings that they have always dreamed of.

That is why as you say that we must be very careful in gambling activities, actually all of them are choices, or that means there is no prohibition for you to engage in gambling, as long as you have the right understanding and also always firm in maintaining awareness, because of course there are so many things that can always tempt us in every session we do and that is what usually tempts gamblers so that they end up getting lost in the cycle of chasing wins to break even. It will not be that easy for gambling addicts to be able to accept some advice from others, they will think that the advice they get is unreasonable and contrary to their beliefs, and that is the reason why it is difficult to overcome addiction.

Obviously, this is not true for all countries since some like the UK, Canada, Australia, Sweden, Singapore, and many others. It doesn't matter if they are online or not, they always ensure that licenses are in place, pay taxes, ensure that consumers are protected, and try to collaborate with the industry.

Of course, people who are addicted find it very difficult to carry out behavior that is in accordance with their common sense, they carry out their activities only with reckless capital and we must prevent this behavior as early as possible by always being aware and aware of its impact. The risks in gambling are very big.

If only the addict was willing to accept other people's advice then he might be able to recover from his addiction, but if the addict considers it unimportant or underestimates other people's advice then his life will be miserable.

Every single gambler into the gambling by the motive of making the money from the gambling site,but the winning or losing was the result of their luck in the game.Some gamblers earn the money sometimes,but they also loss the money sometimes.The gamblers should play the game when he had better luck in the gambling site and the important one is he should not play the same game at the time of bad luck in the gambling site.The gambling site give the win to one person and loss to the other gambler in the same time.



The gambler who ready to spend his time in the gambling site had a better future in the gambling site itself.As like other business gambling also gives you loss at the beginning stage,after the gambler get more experience and knowledge in the gambling site.The gambler only posses the more win in the gambling site in a row.

It is really indeed crucial on which on the time that you would really be neglecting this then it could potentially bring up the possibility that you would really be getting addicted by gambling since you would really be that make yourself that trying out to make yourself that profitable as much as you could. If you dont have that kind of emotion control then you are really that bound into such possibility and this is why you should really be that careful in speaking about dealing up with gambling. If you wont really be that careful then expect that you would really be that prone to possible engagement which would lead into addiction and we do know
on what are the common things that do happen when you do get addicted. Yes, you are fully aware but when you are on such condition then it would really be that hard to get out.

Be responsible and be mindful on the actions that you are making. Gambling isnt bad literally, it is really just that what makes people do really ends up badly is on the time that you do make out those shit decisions towards it. Gambling is just for fun and not to make money or income and this is something that you should really be avoiding in the first place because these things would really be the main things
that would really be making you desperate just because into those delusional kind of thinking which we know that it is really that too tough if you arent that lucky.

When I was inexperienced in gambling, I went through all this. I wanted to play and earn money through gambling. Well, I didn’t understand then that this was just an ordinary stage that you need to go through in order to move on and understand a lot. Now I have a good idea of how the gambling industry works and who makes money from what and how.

For players who quit their jobs, this is only a temporary illusion, which over time will make absolutely all players understand and show them the place they deserve. The most interesting thing is that if I tell a novice gambler not to quit his job under any circumstances, he will laugh in my face and tell me so that I leave him alone and he doesn’t need advice.

Risk management is crucial in all walks of life and it also helps gamblers to stay positive. Gambling risks are too many, and only the right gamblers who can practice a few risk strategies will see profits in gambling. However if a player understands that gambling can also help him improve his risk management skills, he wouldn't bother much about making profits in gambling. The skill he's working on would make a difference in his office life and improve his productivity. Perceiving gambling as a skill acquisition game is better than seeing it as a money-making scheme. The way we manage our money in gambling determines how our daily expenses would be in the market or businesses. Figuring out the right decision to predict in gambling helps the brain to take similar actions when running an investment, and also to determine the right moment to quit a money move. This is one of the reasons why most rich businessmen gamble, not for money, as they already have the money.

They are mostly gambling for the information embedded in gambling. Managing risks is our main responsibility as gamblers. With discipline, a gambler wouldn't suffer losses, and the right strategy could be crafted via self-control. While everything relies on luck, we shouldn't depend on it, as the only way out as gamblers. Because the analysis and the mathematical formulas would be luck based. Accepting that that analysis would yield wins and profits can lead to a gambler spending more than he budgeted. Money management is also under risk management, and it's a legitimate gambling skill for any gambler, be it a good analyst or a new gambler with no college degree. Once the player can handle his funds properly he would be safe in gambling. Other than that, we must prioritize what we can control. I mentioned self-control, because it's not dependent on luck, the gambler has the power to manipulate how he behaves after winning or losing a game.

Maybe on that part, since everything is on luck, try to manage the risks in the form of wise betting. For example, don't just aim right away for a $5 per bet at the start of the session, just to increase the winnings. If possible, try to settle first on $1 per bet and observe things from there. If winning, just continue on that bet amount until the bankroll grows, and can now entertain a $5 bet for several attempts.

In a game of luck, managing the bankroll should be the priority and for that to worked out, a responsible approach is necessary.

In any case management will always be important, especially if you are involved in gambling which of course requires money as a condition for betting, and on the other hand of course in gambling also has things that must be prepared and you said one of the most important of several others is risk management, however this must be really emphasized by every gambler whether it is experienced and especially for beginners who have just come.

They must really have the right understanding before finally getting involved, understanding that gambling is only a game of chance which means there is always no certainty especially for victory, so with some basic things that are clearly more advisable is to put a small amount that certainly will not be a problem if you end up losing. Always prioritize the needs of life rather than the amount for gambling is more advisable, you can only put money on gambling when all your life needs are met and also as I said try to keep putting small amounts so that if you lose you will not be too upset. Yes, beginners usually do not understand the concept of gambling but I think on the other hand they can learn from the experience of others.

I think when it comes to gambling, it is hard to have risk management as everything relies on luck. It is possible to reduce the risk by just simply analyzing, the knowledge, skills, etc. If that is the case it would be stressful in the long term in gambling as everything you would need to identify everything for you just to profit. Well, even famous people who invented formulas in probability and statistics use them for gambling just to profit like for example Pascal. It is indeed a must-cause if you are just impulsively betting your money without thinking of any ideas, for sure you would just pray for your luck to be on your side which is rarely to happen in gambling.

Of course, this is very important for those who gamble, because if they don't have risk management in the gambling they play, of course they will spend more of their income on gambling so it will be difficult to meet the needs they need.
I think those who have just started gambling certainly don't understand the gambling they are playing well, so they experience defeat and only then can understand gambling well.

Yes, with financial management, we will not be dragged so deep into gambling and can manage the money we have so that we will not instantly spend all the money we have. The self-control that we continuously practice can help us to prevent more losses in gambling so that we will only enjoy gambling as entertainment. We also will not experience gambling addiction because we have the things needed to gamble.

We realize that if we have experienced a gambling addiction, it will be difficult to overcome because it requires a strong desire from the gambling addict and also help from other people. The more help they get, the more it can help gambling addicts survive the healing process. And by continuing to undergo the processes, they can get out of gambling addiction, but this will take a long time. For this reason, when playing gambling, we really have to be able to manage the risks so that we don't experience problems like that.

Risk management is most important thing in gambling sector. If you are not able to manage you risk then you have to suffer a lot after playing gamble. Because new gambler don't know actually risk management they play as a new and when they faces losses that time they suffer. Risk management is most responsible think in gambling sector because no one can't be an successful gambler without it.

I'm not quite sure about that; in Greece at least, the government is banning all cryptocurrency casinos, supposedly because they're not running a valid license. In my opinion, that couldn't be further from the truth, because they have no authority over cryptocurrency casinos; they can't regulate them or receive taxes from them. So-called regulated ones are being advertised all over the internet, with a tiny disclaimer at the bottom of the advertisement regarding gambling addiction. At the same time, they're offering extravagant deposit bonuses to lure you, while taxes are automatically deducted at your withdrawal. It's contradictory.

Thus, I highly doubt that they actually care. Cigarettes are also harmful, but they're still circulating fine, with a bunch of taxes attached to them.

These are mostly just a matter of regulatory requirements. They're just complying with the minimum standards. In reality, casinos don't really care if you're losing big or not. In fact, the bigger your lose, the better for them. The reason why they're providing gamblers with bonuses, freebies, etc is to attract them to the gambling tables and make them stay there for as long as possible. That's the source of their revenue after all. Casinos won't be happy if the gamblers are winning. They'll be happy if they are losing.

So if a gambler wants to manage his vice, he better do it with self-discipline. He can't just rely on a casino.

I think all governments and many NGO want to promote and encourage responsible gaming because they do not want a society where so many people are engaged in vice that leads to moral deterioration, every government wants a society that is peaceful and law-abiding and, the government will fail if the moral fiber of its society is corrupted because of too many people engage in gambling, that is why they have this programs.
The government wants all casinos operating in their jurisdiction to be fully compliant and they have a program to cure gambling addiction, some government even go tot he point of banning gambling if they see their citizens losing their responsibility as a good citizen.

Agree with you, financial management is very important to limit and regulate us in gambling and not only that, self-control is also important to perfect it, so that the two are interconnected to reduce or prevent us from becoming addicted to gambling. If people are addicted to gambling, I think it will be difficult to get out of that zone.
Self-control in gambling is responsible and disciplined behavior in managing time and limiting finances when gambling, so that we do not spend too much money and experience big risks in gambling.

I agree with others that being a responsible gambler and responsible gaming are different things and issues. As a responsible gambler, if we see that the amount of our gambling loss is growing, often, if you are a responsible gambler, it will stop, and often others will limit their gambling use.

That's responsible gaming; it's probably the one where, while you're playing, if you see that you've won a good win at a gaming provider, we as players will stop because you know that you have some winnings or money to take home. And you bet correctly that you win big due to luck.

I think this is changing....
Until recently, many countries were only concerned with collecting taxes, as the negative impacts of gambling on a country were minimal and barely perceived.

However, I have seen that this year countries have started to become more concerned about the social problems that irresponsible gambling brings and also how this is tarnishing their reputation.

In the United States, for example, several legislators have come together to increase oversight of advertising, which can impact vulnerable people such as minors, and this type of movement has also begun to occur in several other countries, including Australia, Canada, the Netherlands and the United Kingdom. United.
In the United Kingdom, authorities have carried out a review of gambling legislation and proposed new restrictions on sports betting. One of the new features is the ban on the participation of personalities in the promotion of companies in the sports betting sector.

So I emphasize... things are changing.

If a person who doesnt have a day job and consider out on doing gambling,then where they would really be getting their funds? taking up some loan? its suicide. This is why it would really be that better that we should really be that sensible on the things that we are really that doing and if we dont really have that job then why would gamble? You would really be just worsening up the situation
because thinking up gambling as source of income then it cant be possible. Instead on making money you would rather lose bigtime instead because if we do speak about gambling then
risks is really there. This is why it would really be that best that you shouldnt really focus yourself on doing those gambling and easy money kind of thing.