Topic: "The Lower-Risk Gambling Guidelines" Is this a joke? - page 3. (Read 1174 times)

I think this is a case to case basis. Gamblers differ in style. There are newbies that are cautious in gambling because they are afraid of losing so much especially they are still just starting. While there are also newbies that are impulsive in gambling because they feel the need to spend more to win more. It varies in perspective and risk management of a person. Although there are few mistakes that are generally made by newbies because of lack of knowledge and experience.

Indeed, we can't force gambling winning, but we can make things and do several strategies to win in order to profit. In gambling, you need to be skilled and knowledgeable in some areas. It also requires luck so we should already know that not everytime we will win. Sometimes we will lose as well and the percentage of winning will now depend on how we will do things.

There is no newbie that will ever want to take that into consideration because it may look weak and impossible to them. They can lack the ability to wait and gamble with small fund because they will want to be like there favorite gambler or like someone they are always inspired by there stories. The see the road to making a lots of money from gambling as easy as possible but never new that everything takes time and concentration.

We can't force ourselves to win when we gamble. Gambling is a spirit and we can always be intoxicated by what we hear and see which can make us loss guard and take up the most interesting part as our routine gambling habit.

Sometimes we who deliberate on gambling does not know that gambling is all about entertainment and mostly for people who is financial buoyant. Because the mindset of people who is money buoyant is to make profit from any steps of gambling which they engaged on. I believe that nobody should give anyone a guideline on how to gamble, because i believe that engaging in gambling is a personal assignment which is being carried out any person. So someone can decide for using it's daily feeding funds for gambling and it's a personal business and concern

I do have that kind of experience before going to bed then i do play gambling which it is really something that would be disruptive specially when you do lose a big amount.
Instead on having a good sleep you would rather be stressing out yourself which would really be that not a good thing to have before you do sleep this is why i avoid on doing this.When im going to bed
then im trying out my best on distracting myself via social media and it is really better rather than making yourself get involved with gambling which
it would really be giving that negative experience.

It would be great if that happened to me. I would actually avoid playing before bed. because I was worried that I would lose the game and it made me want to keep playing. When I'm not in control, then I will make more deposits, and this will bother me even more to be able to tide comfortably. This is what I experienced, of course it will different from what was experienced by other members in this forum.

that's because you need a balanced brain chemistry to sleep
usually serotonin is transformed into melatonin that makes you feel relaxed and asleep
gambling will usually flood your brain with exciting neurotransmitters, it can definitely ruin a good night of sleep

Somehow this is very helpful but it depends on what kind of games you gamble about at initially when you can decides to choose among the weekly days to gamble or even betting ones per month would really help if only we don't apply greed. Greed is most thing that causes every gambler to lose money, maybe at point of trying to get back what they lost always resulting losing more than before, so at this point whenever you gamble and lost don't you try gambling or place a bet anymore to cover what you have lost instead, take a break for a whole week or a month and predicts your favorites club to predict your games before gambling.

Playing before bed when you are already lying in bed with a smartphone seems like a convenient option to play for half an hour or an hour, but from my own experience I can say that gambling can throw me off balance (win or lose) and eventually I will have trouble falling asleep. In my youth this was not a problem, but now I have to take it into account. It's quite funny how age and marital status affect our attitude towards gambling.

I read in an article that elderly people before they die most of all regret that they spent little time with their families, tried to spend more time earning money, and had little rest. I am not in the habit of gambling very often, besides I believe that the more often a person gambles, the more likely he will become a gambling addict. It is enough for me two or three gambling sessions a month. I try to devote time to my family on a daily basis, but because of work it is not always possible.

What you say is true because the wife will keep talking to her husband non stop and will not stop unless we leave them for a while
It would be nice if we could balance our time between going out, working, and having fun.
But some people prefer to play gambling in their spare time rather than hanging out with other family members.
What is clear we can know is that we never use a lot of money to gamble.

isn't 20% a bit too much?
I mean, it may be good when you are making money
but if losing it's a huge punch... probably hurts

besides these 20% that goes to gambling do you also invest part of your income?

just curious

No husband wants to hear their wife's reproach and when they start talking they'll not gonna stop until they're not done lol.

Well, I have to agree weekends are meant to be for the family, I mean the whole day or so. But, some people can still manage the balance between personal and family leisure. Me too I am a family person, but I've changed a lot now in terms of my gambling habits. I could spend a spare to gamble every other night after work but I choose not to, usually.

Basically this, while it is important to have financial goals and do what we can in order to achieve them, at the same time we cannot live our lives as if we are in some sort of financial simulator, we also need to get some entertainment and unless you are incredibly rich 1% is simply not going to cut it, just think about how much money people spend already on all of those streaming apps to watch their favorite content, if that 1% rule was applied everywhere I doubt people would have enough money just to buy one of those services, so a balance must be reached between being financially responsible and spending some of that money away.

I don't think those who create these guidelines are joking but maybe there is only a typo on their first guideline because 1 percent is really tiny no matter if you are a big or a small earner but their second and third guidelines seems to normal and acceptable. I only gamble once per week and sometimes I decide to gamble once per month because I over think about my small losses.

I also play with one game at most but sometimes I can do two games if my deposits are a little bigger. More than this can make me think that my budget wont be enough already to fully enjoy the game. They didn't say that this guideline can be applied outside, that's why you think it seems impossible.

I understand what you are talking about and meant just about such game sessions. 3 hours is a good time to "feel the game" to take your mind off everything and have fun. But I talk like a family person and such sessions are definitely not available for me on weekdays, and there are so many things to do with the family on the weekends that I would rather play once a week than twice because I would not like to hear my wife's reproaches, haha.

A good point to emphasize on 1% of Elon Musk's yearly income carries a different weight than 1% of our income. It would be wise if the low-middle class shouldn't spend on hobbies, as they must spend more than 1%. But YOLO I guess, it's just human nature. Imagine 1% of a minimum wage of IDR 4,500,000/month = IDR 45,000/month for hobby! It won't even cover cat food for 1 month

Noooo
I mean, let's say we use the cat food example above. The money you spent on the cat food is a guaranteed loss so your total expenses are always fixed at 1% per month => 1% per year.

Meanwhile, in gambling, a player can get zeroed (-1%), partial loss (less than -1%), small win (+x%), or big win (xx%). It should be carried over for 1-year period. Me for example, use probably 15% of my monthly income, but at the end of the year, my total losses won't be at 15% because of the house edge.

I agree with what you said about investing in crypto that has risks but we can adjust to market conditions that occur. but gambling is completely dependent on luck, if luck doesn't last then there will be losses that keep coming. every type of work has risks, crypto investing or gambling has its own risks.
Gambling cannot be said to be a low risk job because the ratio of luck and loss is 50:50, this is certainly very risky. luck cannot be predicted and manipulated.

but not riskier than gambling mate, Investing in crypto is some what risky but can be adjusted depend on how the market will show us but  in gambling? even how good you are yet everything will depend on how Luck sustain in our side so better not to expect too much instead best if you can take holding your currency and never let people influences you.

Sure, gambling and crypto has risks, but they vary in level.

Gambling is a recreational and leisure activity. The main purpose of gambling is to entertain and its bonus factor is that you can profit while you are playing. You get to enjoy what you are doing with potential source of income on the side. However, gambling being a leisure activity with potential earning could be blinding to some. Without the firm sense of responsibility and discipline, some become lost in gambling. Due to its nature to entertain and at the same time to make profit, some people disregard the risks that come along with gambling, thinking that it's just low. However, the risks in gambling could be great depending on how you let it control and take over you instead of you utilizing it to your own advantage.

Meanwhile, cryptocurrency is an investment and not really an entertainment. People enter cryptocurrency to gain income and to become their storage of fund to avoid inflation. This appreciates overtime as long as you invested in a great crypto coin. Once you enter in an ideal position which is low price point, you can profit as much if you'll take profit once it sky rockets and hit your desired value to TP. In this case, you should just make sure that you know what you are doing. Otherwise, the risk would be big too because if you don't know where you are putting your money, you are basically burning it already with your very own hands.

I disagree on what you had said.

Buying coins = Investment
Gambling games = Entertainment/Leisure

You cant really just make both things to be similar because they do have different level of risk and one of them is pertaining about investment which we know that it does
have risk but not as high on the thing you could see on gambling.So you should really make yourself in between the difference among the two.
Speaking about on how much a person should be spending then it would vary..It doesnt matter if 1% or 100% its none of our business.