Risk management and responsible gaming - page 5.

nara1892

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Quote from: Suzume on December 22, 2023, 03:50:36 AM

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.

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.

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.

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Quote from: Suzume on December 22, 2023, 03:50:36 AM

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 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.

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Quote from: zuzie on December 21, 2023, 09:04:12 PM

Quote from: maydna on December 21, 2023, 04:33:53 PM

~snip~

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.

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.

Suzume

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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.

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Quote from: alegotardo on December 21, 2023, 06:38:04 PM

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.

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.

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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.

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Quote from: btctodamon on September 29, 2023, 04:25:17 AM

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

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.

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Quote from: maydna on December 21, 2023, 04:33:53 PM

Quote from: dexsport.io on December 21, 2023, 08:16:27 AM

We think that risk management is insanely beneficial for those players, who are feeling irresponsible about gambling.

Risk management is very necessary for every gambler to limit their gambling activities and avoid large losses. They don't need to use much money just to gamble because gambling is just for fun, and they don't need to try too hard to win. Let the win come to us so that we only need to enjoy the gambling game, and when we have had enough gambling, we will immediately stop gambling and will not think about continuing to gamble.

We have to do this to prevent us from experiencing gambling addiction, where there are already many gamblers who are drawn into their gambling addiction without them realizing it or being able to get out of gambling easily. They will just continue gambling without any strong desire to stop gambling.

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.

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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.

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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.

Oilacris

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Quote from: Weawant on December 21, 2023, 05:06:18 PM

Quote from: hedgeh0g on December 21, 2023, 03:36:04 PM

Unemployment is getting higher over the years. And this is not even due to the lack of work in a particular place. Some people don't want to work the same way their parents did. All they need is to find money for food and not to be disturbed by anyone, after which they hope to win a big win in gambling without putting any effort into it. I don’t know how to explain it, they probably think that they are the chosen ones. The most important thing here is that they always need to look for money to play. If at the beginning they borrow from acquaintances and friends, then it can go even worse and the player will commit theft for the first time. Boundaries will be erased and at some point this will lead to very sad consequences.

Sometimes like you rightly stated, people are not unemployed because they are unable to secure a job, but most times is simply because the job isn't paying well enough or at some point they are bored with the job and want something else, several other reasons could be why some persons stay unemployed for a good period of time.

Some results to gambling because they think and believe that it's a very easy way to make money without having to stress so much and it avails them so much freedom with minimal working time, so these are some of the excuses that has kept some people jobless. Some literally have to forfeit looking for job and go into gambling full time and at this point they results in harmful habits such as stealing to fund their gambling activities which they wouldn't if they had gotten a job, they get addicted and even find it very difficult quitting.

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.

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Quote from: hedgeh0g on December 21, 2023, 03:36:04 PM

Unemployment is getting higher over the years. And this is not even due to the lack of work in a particular place. Some people don't want to work the same way their parents did. All they need is to find money for food and not to be disturbed by anyone, after which they hope to win a big win in gambling without putting any effort into it. I don’t know how to explain it, they probably think that they are the chosen ones. The most important thing here is that they always need to look for money to play. If at the beginning they borrow from acquaintances and friends, then it can go even worse and the player will commit theft for the first time. Boundaries will be erased and at some point this will lead to very sad consequences.

Sometimes like you rightly stated, people are not unemployed because they are unable to secure a job, but most times is simply because the job isn't paying well enough or at some point they are bored with the job and want something else, several other reasons could be why some persons stay unemployed for a good period of time.

Some results to gambling because they think and believe that it's a very easy way to make money without having to stress so much and it avails them so much freedom with minimal working time, so these are some of the excuses that has kept some people jobless. Some literally have to forfeit looking for job and go into gambling full time and at this point they results in harmful habits such as stealing to fund their gambling activities which they wouldn't if they had gotten a job, they get addicted and even find it very difficult quitting.

maydna

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Quote from: dexsport.io on December 21, 2023, 08:16:27 AM

We think that risk management is insanely beneficial for those players, who are feeling irresponsible about gambling.

Risk management is very necessary for every gambler to limit their gambling activities and avoid large losses. They don't need to use much money just to gamble because gambling is just for fun, and they don't need to try too hard to win. Let the win come to us so that we only need to enjoy the gambling game, and when we have had enough gambling, we will immediately stop gambling and will not think about continuing to gamble.

We have to do this to prevent us from experiencing gambling addiction, where there are already many gamblers who are drawn into their gambling addiction without them realizing it or being able to get out of gambling easily. They will just continue gambling without any strong desire to stop gambling.

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Quote from: Gozie51 on December 21, 2023, 03:22:24 PM

Quote from: CryptoHeadlineNews on December 21, 2023, 03:08:31 PM

Quote from: Vaculin on December 21, 2023, 02:38:56 PM

Without realizing that a lot of gamblers fall into gambling addiction because the government lacks in providing job opportunities for these gamblers that's why they turn into gambling to find a source of income.

So in other words, are you now blaming lack of job opportunities as the reason why people gamble? Are you??. Because if that's the case, how about those who have a high paying job and yet still gambles, what have you to say about them? Example, the likes of "Michael Jordan, Kerry Packer, Tony Bloom, Bill Benter, Edward Thorp & Alan Woods" who are all self-made billionaires and millionaires, and yet still gambles and are proud to be known and associated with anything gambling. Because the truth of the matter is that while some gambles for money, a decent percentage of people also gambles for the fun of the game.

When the talk about if lack of jobs is the reason for gambling to an extent it means the increase of numbers of gamblers can well be attributed to lack of jobs, loneliness of not having money to take to another activities for fun like visiting of recreational activities, swimming pools, site seeing etc. All the big names mentioned are not able to make up the huge numbers of gamblers, they are professional gamblers who most times they only want to keep their names afloat and keep being popular to get endorsements because if their names are not heard they keep losing business. They therefore catch fun by gambling but most gamblers making up the huge numbers of gamblers are doing gambling for the profit that they are looking for.

Unemployment is getting higher over the years. And this is not even due to the lack of work in a particular place. Some people don't want to work the same way their parents did. All they need is to find money for food and not to be disturbed by anyone, after which they hope to win a big win in gambling without putting any effort into it. I don’t know how to explain it, they probably think that they are the chosen ones. The most important thing here is that they always need to look for money to play. If at the beginning they borrow from acquaintances and friends, then it can go even worse and the player will commit theft for the first time. Boundaries will be erased and at some point this will lead to very sad consequences.

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Quote from: CryptoHeadlineNews on December 21, 2023, 03:08:31 PM

Quote from: Vaculin on December 21, 2023, 02:38:56 PM

Without realizing that a lot of gamblers fall into gambling addiction because the government lacks in providing job opportunities for these gamblers that's why they turn into gambling to find a source of income.

So in other words, are you now blaming lack of job opportunities as the reason why people gamble? Are you??. Because if that's the case, how about those who have a high paying job and yet still gambles, what have you to say about them? Example, the likes of "Michael Jordan, Kerry Packer, Tony Bloom, Bill Benter, Edward Thorp & Alan Woods" who are all self-made billionaires and millionaires, and yet still gambles and are proud to be known and associated with anything gambling. Because the truth of the matter is that while some gambles for money, a decent percentage of people also gambles for the fun of the game.

When the talk about if lack of jobs is the reason for gambling to an extent it means the increase of numbers of gamblers can well be attributed to lack of jobs, loneliness of not having money to take to another activities for fun like visiting of recreational activities, swimming pools, site seeing etc. All the big names mentioned are not able to make up the huge numbers of gamblers, they are professional gamblers who most times they only want to keep their names afloat and keep being popular to get endorsements because if their names are not heard they keep losing business. They therefore catch fun by gambling but most gamblers making up the huge numbers of gamblers are doing gambling for the profit that they are looking for.

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Quote from: Vaculin on December 21, 2023, 02:38:56 PM

Without realizing that a lot of gamblers fall into gambling addiction because the government lacks in providing job opportunities for these gamblers that's why they turn into gambling to find a source of income.

So in other words, are you now blaming lack of job opportunities as the reason why people gamble? Are you??. Because if that's the case, how about those who have a high paying job and yet still gambles, what have you to say about them? Example, the likes of "Michael Jordan, Kerry Packer, Tony Bloom, Bill Benter, Edward Thorp & Alan Woods" who are all self-made billionaires and millionaires, and yet still gambles and are proud to be known and associated with anything gambling. Because the truth of the matter is that while some gambles for money, a decent percentage of people also gambles for the fun of the game.

Weawant

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Quote from: btctodamon on September 29, 2023, 04:25:17 AM

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

All these measures were supposed to help gamblers stay responsible gambling but then some gamblers will still create another account to gamble after exclusion on some sites except they are placed on a black list whereby they cannot be able to create an account elsewhere with another bookies then that way maybe they could stay restricted long enough.

Responsible gambling has been one of the things most casinos have always advocate for and people will still not listen or sometimes they feel they are in control and probably got everything under control until they suffer huge losses, government agencies also advocate responsible gambling because of the effects they know irresponsible gambling have got on most gamblers which in some cases turns out to affect the society in the long run especially when this addicts turn violent and indulge in unhealthy habits resulting from their gambling addiction.

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Quote from: GideonGono on December 21, 2023, 08:45:18 AM

I agree gambling addiction and gaming addiction are different.
But any addiction could be cured if you would help yourself, it is always up to you to make the change.
Because no matter how many chance you get to change or stop your addiction it is useless unless you really want to stop.
Changed always comes from ourself others might help you change, but it is up to you if you really want to stop your addiction or be consumed by it.

but for me gambling addiction and gaming addiction both have negative impact on the future and the impact is same as spending money on gambling and on video games and there are still many similar impacts between these two incidents but if this is about an addiction that wants to be cured the method is quite easy for those who want to immediately stop their addiction as long as they have strong desire, of course the addicted gambler can recover more quickly because a strong desire can encourage an addict to become healthy gambler and with some of these discussions we can take positive things such as avoiding everything. mistakes that trigger addiction include limiting the budget, setting lowest betting amount and sticking to the rules that have been made previously.

avoiding anything that triggers someone to become addicted, this is the most effective way to continue gambling responsibly, for me.

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Quote from: Sanitough on December 21, 2023, 07:57:30 AM

I hope that's why others think, gambling is a personal choice, it's there for us to have fun and maybe try our luck but it was never recommended to be considered as a way to change our financial aspect in a positive way. Although there are some who were successful in gambling, like sports bettors and card players, but let us not forget they have the skills and are exceptional, we aren't.

Gambling should be what we have made up our minds for, we have to maintain the normal required standard each and every gambler is is expected to emulate while gambling, we should nothing more than the fun in it, we are not doing this because of being compelled to do so, we are only being considerate of our own self and benefits to get while gambling the best way we can.

Quote from: Sanitough on December 21, 2023, 07:57:30 AM

The governmnet will keep what they could benefit, and since gambling industry is a billion dollar industry, it could only mean that it's too much to sacrifice for them.

Government are doing theirs for their own good and we should also gamble for the benefits of what's best for us to have in gambling.

Mahanton

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Quote from: pawanjain on December 21, 2023, 11:56:25 AM

Quote from: Blitzboy on December 21, 2023, 06:53:31 AM

The government's role in gambling addiction is complicated. Our legislators must defend public health, but their reach is limited. Your thesis about society influencing gambling is correct. Certain actions were accepted in our upbringing, affecting our views and choices. Not merely warning about dangers, but identifying the core reasons.

As you say, parent collaboration may be crucial. Many parents notice changes in their children's conduct first. They can prevent addiction first. Effective communication and awareness are key to this technique. Parents must know how to spot gambling addiction and get help.

Gambling addiction demands complex treatment. The community, not just the government or parents, is involved. Educational, supportive, and accessible mental health treatments are needed to address this issue. Never underestimate the power of collective action to improve society.

While children's gambling habits can still be monitored by their parents, it becomes difficult when adults fall addicted to gambling.
In most cases, their family only identifies the habit when he has already become addicted to it.
The best thing is to do is for the individual to become self aware and manage the risk appetite.
Either we should become responsible towards gambling or never gamble at all.

Or simply we should really be having that moderation not really just that limited on gambling but also in other things in life as well because having no control or simply being that impulsive would really be leading you nowhere
or simply it would really be just that making you that desperate and really that prone into lots of mistakes and this is why you should really be that mindful and careful on dealing up with things if you dont really like to mess up. Dealing up something like gambling then you should really be that mindful and responsible with your finances because if you dont then you are really that prone on trying out to mess that status if you do
become that impulsive or into that someone who doesnt really been able to control up that well on the time that you do gamble.

Gambling is really just that for fun and it is really just that right that you should be only spending on the amount or money on which you can only afford to lose
and not something going beyond those lines or limitations because this is where people do usually mess up on the time that they would be spending up
those funds which arent intending for gambling but rather for other important means.

Topic: Risk management and responsible gaming - page 5. (Read 1523 times)