The secret of gambling? - page 9. | Bitcointalksearch.org

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Quote from: ardentvolcanoes on October 09, 2019, 09:52:54 PM

Quote from: LogitechMouse on October 09, 2019, 02:09:50 AM

Quote from: STT on October 08, 2019, 09:04:56 AM

~snip

Now this is what you called "Lack of Financial Management".

I wish all the winners in gambling can learn how to manage their money if they win. This is just one of the stories of people who won in gambling but used all of it in the wrong way. This is a lesson from him but I don't think that it will happen to him again that he will win that huge amount of money. If he knows how to spend his money then he can be sleeping all the time with his money beside him but that wasn't the case.

He is a garbage man and most of the time these are the people who doesn't have any learning when it comes to handling money. I'm not saying all but most of them.

Things like this needs a good financial advisor after winning a huge amount of money, people who don't have knowledge about handling such amounts of money will only over spend same with how this garbage guy did

That's why winning a lottery should also include professional financial management services

But you can't actually force people to use such services even if they were required to hire a financial advisor after winning a lottery since who would be buying tickets then? If you win and are obligated to follow some financial expert's advice on how to spend your money, technically, it won't be your money at all. The latter makes the whole idea of lottery somewhat weird and contradictory

Quote from: ardentvolcanoes on October 09, 2019, 09:52:54 PM

It's very important to look for good advice in putting up businesses in order not overused your money, this should be an open example to those who have a chance to experience the same luck with this guy

You can lead a horse to water, but you can't make him drink

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Quote from: LogitechMouse on October 09, 2019, 02:09:50 AM

Quote from: STT on October 08, 2019, 09:04:56 AM

~snip

Now this is what you called "Lack of Financial Management".

I wish all the winners in gambling can learn how to manage their money if they win. This is just one of the stories of people who won in gambling but used all of it in the wrong way. This is a lesson from him but I don't think that it will happen to him again that he will win that huge amount of money. If he knows how to spend his money then he can be sleeping all the time with his money beside him but that wasn't the case.

He is a garbage man and most of the time these are the people who doesn't have any learning when it comes to handling money. I'm not saying all but most of them.

Things like this needs a good financial advisor after winning a huge amount of money, people who don't have knowledge about handling such amounts of money will only over spend same with how this garbage guy did.
It's very important to look for good advice in putting up businesses in order not overused your money, this should be an open example to those who have a chance to experience the same luck with this guy.

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Quote from: traderethereum on October 08, 2019, 06:42:07 AM

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Quote from: jhonjhon on October 07, 2019, 12:24:22 AM

For me the true winners in gambling are those who are not addicted to gambling, those people who have strong self control that they know when to stop and when to move on. Gambling can give us big money but it is very risky, and if you don't have self control then gambling will consume you and will only result to big big losses.
The very secret that I can consider in gambling is self control, don't let your emotions and greed control you.

Along with restricting from addicting,people who enjoyed the moment of gambling with no feat of profit or loss from the bets and also not going in any huge loss in their long gambling career could be winners as well.

The real winners in gambling will be for people who could control themselves to manage their money and not to spend all of the money in a day.
They will be able to back to the gambling site on the other day.
They don't want to see more losses, and they can stop gambling at any time.
It is not many gamblers who can do that thing because every gambler can attract to play again and again.
As long as we can know how to limit ourselves in playing gambling, that is the winner because it's only a few gamblers who can protect themselves from the loss of the money.

Even if a gambler manages his money but ultimately a loss is a loss and there will be decrease in his asset. Though it is helpful to play with limited amount because that way one does not become beggar in a moment. However, losing slowly or quickly have same results. Playing with a limited amount on daily basis will make gambler an addict. The best in my opinion is to not get near this evil at the first place.

If a gambler can manage his money, and he knows how to use the money, I think he can prevent the loss of the money.
When you don't want to lose in a big amount, limited money will be a solution, so you still have the money in your pocket.
But you will still spend the money if you cannot control yourself and you could only see the money will vanish from your pocket.
Yes, I agree that we don't have to stay close to gambling if we cannot control ourselves and cannot manage the money.

This is what I always tell my friends that never consider gambling easy Or don’t take it underestimated as even bug and professional gamers could lose. They will have to gamble properly and never have patience and control your emotions. Gamble skilfully chooses a good game, lose and profit keep in your mind at some time.

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Quote from: LogitechMouse on October 09, 2019, 02:09:50 AM

He is a garbage man and most of the time these are the people who doesn't have any learning when it comes to handling money. I'm not saying all but most of them

In fact, there's nothing surprising in this story at all

As I'm inclined to think, the vast majority of us would behave in rather strange and bizzare ways if granted a sum of money we are not used to handling. And financial literacy or management wouldn't make a difference here unless you already have a prior experience of this kind (read, you have already lost some monies in the past and learned your lesson hard, which is the real literacy in these matters)

In such situations people are not able to think clearly and rationally, whether they are financially literate or otherwise, as their primal instincts and emotions come to surface leading to grandiosity, promiscuous tendencies, compulsive behaviors, various addictions, etc, and ultimately to rash decisions culminating in a frightening and irreversible decline of one's personality (or worse). That's why a winning ticket should come with a financial manager by default

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Quote from: LogitechMouse on October 09, 2019, 02:09:50 AM

Quote from: STT on October 08, 2019, 09:04:56 AM

~snip

Now this is what you called "Lack of Financial Management".

Not only that people nowadays need to know "Financial Management" they also need have "Financial Literacy". Financial Literacy is like Expanded Financial Management because in Financial Literacy, you are not just going to manage your funds, you will also need to know where money is coming from and what are the tools that you can use to grow your money with you.

This guy lacks both and besides what happened to the garbage guy is not common. Anything that you gained without breaking a sweat will be gone before you know it.

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Quote from: STT on October 08, 2019, 09:04:56 AM

~snip

Now this is what you called "Lack of Financial Management".

I wish all the winners in gambling can learn how to manage their money if they win. This is just one of the stories of people who won in gambling but used all of it in the wrong way. This is a lesson from him but I don't think that it will happen to him again that he will win that huge amount of money. If he knows how to spend his money then he can be sleeping all the time with his money beside him but that wasn't the case.

He is a garbage man and most of the time these are the people who doesn't have any learning when it comes to handling money. I'm not saying all but most of them.

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Quote from: STT on October 08, 2019, 09:04:56 AM

The number one rule is always money management, if you win handle it well as it still matters. If you lose, be careful you leave enough to return another day with better luck.

I spotted this posted elsewhere but its a true story and Ive read similar cases more then once where people manage to lose even when they obviously got very lucky -

Quote

If they want to live their whole life by luck then their life will teach the better lesson.Opportunity comes once in our life we need to grab and utilize in the right way or we will be garbage again.

samputin

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Quote from: matchi2011 on October 07, 2019, 12:35:57 AM

Quote from: jhonjhon on October 07, 2019, 12:24:22 AM

-snip-

Every responsible gamblers knew that once emotions being carried away your chances to lose a lot or even your entire bankroll is possible. You need to adjust and learn what is the best method to control

I just hope that all gamblers are responsible so that they would know that letting emotions take over their sound judgement will do them no good.

Quote from: matchi2011 on October 07, 2019, 12:35:57 AM

Knowing when to stop and keep you away from gambling is the very key to survive.

And with survive, it means being able to save more instead of lose more. Self-control is really just the key here.

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Quote from: Abiky on August 15, 2019, 03:15:32 PM

After playing gambling games hundreds of times, without much effort in winning substantial profits at all, it makes me wonder what could be the secret of gambling? Personally, I find myself comfortable playing crypto-based gambling games, because of their greater level of accessibility than traditional games. I believe that gambling games which use cryptocurrencies and Blockchain tech, are much fairer than traditional ones within the mainstream world. Yet, you tend to lose more money than you've initially invested into a gambling game.

Which is why, I'm deeply curious to know if there's actually a secret within gambling that would allow me to win more than losing? Any thoughts about this will be greatly appreciated.

The reason why the casino and gambling industry is thriving in the blockchain is due to the accessibility that you mentioned.
I really don't think that there is any secret in gambling. You keep playing due to the anticipation of winning at least once. And if you win once you think you are going to win again...

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Quote from: Abiky on August 15, 2019, 03:15:32 PM

After playing gambling games hundreds of times, without much effort in winning substantial profits at all, it makes me wonder what could be the secret of gambling? Personally, I find myself comfortable playing crypto-based gambling games, because of their greater level of accessibility than traditional games. I believe that gambling games which use cryptocurrencies and Blockchain tech, are much fairer than traditional ones within the mainstream world. Yet, you tend to lose more money than you've initially invested into a gambling game.

Which is why, I'm deeply curious to know if there's actually a secret within gambling that would allow me to win more than losing? Any thoughts about this will be greatly appreciated.

I think there's no such secret in gambling maybe you referring to luck, learning to handle your emotions or strategies. Secret is something important we need to take care right? and the only thing I can think of most important in gambling is to control the emotions together with luck because without this thing you will never able to handle the gameplay very well. You could lose your cool and lose your capital as well if you get carried away by your emotions so we need to be aware of it, and it could lead to addiction if it is not being handled.

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Quote from: bitzizzix on October 08, 2019, 08:00:07 AM

Quote from: traderethereum on October 08, 2019, 06:42:07 AM

Quote from: ?? on ??

Quote from: traderethereum on October 07, 2019, 08:45:01 AM

Quote from: ?? on ??

Quote from: jhonjhon on October 07, 2019, 12:24:22 AM

For me the true winners in gambling are those who are not addicted to gambling, those people who have strong self control that they know when to stop and when to move on. Gambling can give us big money but it is very risky, and if you don't have self control then gambling will consume you and will only result to big big losses.
The very secret that I can consider in gambling is self control, don't let your emotions and greed control you.

Along with restricting from addicting,people who enjoyed the moment of gambling with no feat of profit or loss from the bets and also not going in any huge loss in their long gambling career could be winners as well.

The real winners in gambling will be for people who could control themselves to manage their money and not to spend all of the money in a day.
They will be able to back to the gambling site on the other day.
They don't want to see more losses, and they can stop gambling at any time.
It is not many gamblers who can do that thing because every gambler can attract to play again and again.
As long as we can know how to limit ourselves in playing gambling, that is the winner because it's only a few gamblers who can protect themselves from the loss of the money.

Even if a gambler manages his money but ultimately a loss is a loss and there will be decrease in his asset. Though it is helpful to play with limited amount because that way one does not become beggar in a moment. However, losing slowly or quickly have same results. Playing with a limited amount on daily basis will make gambler an addict. The best in my opinion is to not get near this evil at the first place.

If a gambler can manage his money, and he knows how to use the money, I think he can prevent the loss of the money.
When you don't want to lose in a big amount, limited money will be a solution, so you still have the money in your pocket.
But you will still spend the money if you cannot control yourself and you could only see the money will vanish from your pocket.
Yes, I agree that we don't have to stay close to gambling if we cannot control ourselves and cannot manage the money.

In my opinion, the real winner is to stop playing when you win and not get carried away because when you are in a position win, you will continue to play to get lots of wins and in the end it will really make you lose and will end up losing.
self control is needed in playing gambling and not carried away in the game, and always learn from mistakes and stop when you win so that you get the actual victory.

If you're very transparent to the crowd of people I don't think you'd be able to hide your secrets of winning. Much better if you remained an anonymous person that won from gambling game. Resistance is required in order to keep yourself away from those people who tend to tempt you in playing continuously with gambling. If you can't prevent those situations to arise further, probable loss is always there to occur.

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The number one rule is always money management, if you win handle it well as it still matters. If you lose, be careful you leave enough to return another day with better luck.

I spotted this posted elsewhere but its a true story and Ive read similar cases more then once where people manage to lose even when they obviously got very lucky -

Quote

I always liked the movie, book even called Brewsters Millions because managing the money is a job. Once you got the wealth its a bit of a job to keep it. The simple solution for any large win is to take it off the table and pay off debts, pay off your future rental or housing needs and pension, healthcare, life insurance and so on. In theory we can do without all those things but I dont know anyone I'd say is truly rich if they cannot provide for themselves if sick or unable to work which is a possible scenario for anyone without realizing it we all need security and thats the ultimate purpose of money to secure costs. Gambling is ok but I reckon the secret is manage it in bursts so that gains are captured longer term.

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Quote from: traderethereum on October 08, 2019, 06:42:07 AM

Quote from: ?? on ??

Quote from: traderethereum on October 07, 2019, 08:45:01 AM

Quote from: ?? on ??

Quote from: jhonjhon on October 07, 2019, 12:24:22 AM

For me the true winners in gambling are those who are not addicted to gambling, those people who have strong self control that they know when to stop and when to move on. Gambling can give us big money but it is very risky, and if you don't have self control then gambling will consume you and will only result to big big losses.
The very secret that I can consider in gambling is self control, don't let your emotions and greed control you.

Along with restricting from addicting,people who enjoyed the moment of gambling with no feat of profit or loss from the bets and also not going in any huge loss in their long gambling career could be winners as well.

The real winners in gambling will be for people who could control themselves to manage their money and not to spend all of the money in a day.
They will be able to back to the gambling site on the other day.
They don't want to see more losses, and they can stop gambling at any time.
It is not many gamblers who can do that thing because every gambler can attract to play again and again.
As long as we can know how to limit ourselves in playing gambling, that is the winner because it's only a few gamblers who can protect themselves from the loss of the money.

Even if a gambler manages his money but ultimately a loss is a loss and there will be decrease in his asset. Though it is helpful to play with limited amount because that way one does not become beggar in a moment. However, losing slowly or quickly have same results. Playing with a limited amount on daily basis will make gambler an addict. The best in my opinion is to not get near this evil at the first place.

If a gambler can manage his money, and he knows how to use the money, I think he can prevent the loss of the money.
When you don't want to lose in a big amount, limited money will be a solution, so you still have the money in your pocket.
But you will still spend the money if you cannot control yourself and you could only see the money will vanish from your pocket.
Yes, I agree that we don't have to stay close to gambling if we cannot control ourselves and cannot manage the money.

In my opinion, the real winner is to stop playing when you win and not get carried away because when you are in a position win, you will continue to play to get lots of wins and in the end it will really make you lose and will end up losing.
self control is needed in playing gambling and not carried away in the game, and always learn from mistakes and stop when you win so that you get the actual victory.

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Quote from: traderethereum on October 07, 2019, 08:45:01 AM

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Quote from: jhonjhon on October 07, 2019, 12:24:22 AM

For me the true winners in gambling are those who are not addicted to gambling, those people who have strong self control that they know when to stop and when to move on. Gambling can give us big money but it is very risky, and if you don't have self control then gambling will consume you and will only result to big big losses.
The very secret that I can consider in gambling is self control, don't let your emotions and greed control you.

Along with restricting from addicting,people who enjoyed the moment of gambling with no feat of profit or loss from the bets and also not going in any huge loss in their long gambling career could be winners as well.

The real winners in gambling will be for people who could control themselves to manage their money and not to spend all of the money in a day.
They will be able to back to the gambling site on the other day.
They don't want to see more losses, and they can stop gambling at any time.
It is not many gamblers who can do that thing because every gambler can attract to play again and again.
As long as we can know how to limit ourselves in playing gambling, that is the winner because it's only a few gamblers who can protect themselves from the loss of the money.

Even if a gambler manages his money but ultimately a loss is a loss and there will be decrease in his asset. Though it is helpful to play with limited amount because that way one does not become beggar in a moment. However, losing slowly or quickly have same results. Playing with a limited amount on daily basis will make gambler an addict. The best in my opinion is to not get near this evil at the first place.

If a gambler can manage his money, and he knows how to use the money, I think he can prevent the loss of the money.
When you don't want to lose in a big amount, limited money will be a solution, so you still have the money in your pocket.
But you will still spend the money if you cannot control yourself and you could only see the money will vanish from your pocket.
Yes, I agree that we don't have to stay close to gambling if we cannot control ourselves and cannot manage the money.

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Quote from: rocku12345 on October 03, 2019, 10:54:30 AM

My secret is to read as many sources about forward event as I can. I prefer betting on sport, because I don`t beleive in a bling luck. My balanced opinion is formed of professional forecasts which have real betting competency.
Try to read books with financial management strategies. It is a good start for increasing your capital without bets "all in".

If it was that easy we would all be winners but that just doesn’t apply to gambling.No formed professional bettor can predict against luck.While it will enhance your chances to win it will not be a winner in the long run.I have been part of these online groups and while I have won sometimes the majority of my bets were lost.

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I think to winning in gambling is no secret, that is pure luck.
I already trying some combination formula to get back my losses money. But what i get? Lose again. Lol Cheesy

For aside gambling site, maybe they have some algorithm to watch us, then change the game result automatic, so we get rigged. Maybe...

DarkDays

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There are great responses in this thread. Mostly trash but some of them I felt, are indeed genuine. For me the secret is to not get addicted. I only play with my signature money but I also bet with my earnings sometimes, but that is rare.

I have different income streams, some from crypto, some from fiat, what I do is, the part of the money that I wish to gamble with, I set it aside and the remaining I just convert to fiat. This makes me mentally think that I never actually had that extra gambling money to begin with.

All of it is just a big mental game.

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Gambling is a game of chances, gambling game's risk differs depending on how skilled you are on the game involved. Now consider a football game Gamble, you have a higher chances of predicting a scorer since you know the patter of the team and the strength of the players, you can also be sure to bet on certain champions who has won several times, but games like dice is directly luck. You also have higher chances when you compete with your own skill among many.

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Quote from: traderethereum on October 07, 2019, 08:45:01 AM

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Quote from: jhonjhon on October 07, 2019, 12:24:22 AM

For me the true winners in gambling are those who are not addicted to gambling, those people who have strong self control that they know when to stop and when to move on. Gambling can give us big money but it is very risky, and if you don't have self control then gambling will consume you and will only result to big big losses.
The very secret that I can consider in gambling is self control, don't let your emotions and greed control you.

Along with restricting from addicting,people who enjoyed the moment of gambling with no feat of profit or loss from the bets and also not going in any huge loss in their long gambling career could be winners as well.

The real winners in gambling will be for people who could control themselves to manage their money and not to spend all of the money in a day.
They will be able to back to the gambling site on the other day.
They don't want to see more losses, and they can stop gambling at any time.
It is not many gamblers who can do that thing because every gambler can attract to play again and again.
As long as we can know how to limit ourselves in playing gambling, that is the winner because it's only a few gamblers who can protect themselves from the loss of the money.

That's right; It's not all about how many times do you gamble each day, it's about how many do you earn/profit and how many do you save/ limiting your self to catch your losses. We know that the nature of a gambler to play again and again, even losing, and vice-versa. But at the end of the day, you will not only consider those things that you did ( entertainment, etc.) you also consider the money that you lose or you won, right? Because of the end of the day, its all about controlling our self.

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Quote from: jhonjhon on October 07, 2019, 12:24:22 AM

For me the true winners in gambling are those who are not addicted to gambling, those people who have strong self control that they know when to stop and when to move on. Gambling can give us big money but it is very risky, and if you don't have self control then gambling will consume you and will only result to big big losses.
The very secret that I can consider in gambling is self control, don't let your emotions and greed control you.

Along with restricting from addicting,people who enjoyed the moment of gambling with no feat of profit or loss from the bets and also not going in any huge loss in their long gambling career could be winners as well.

The real winners in gambling will be for people who could control themselves to manage their money and not to spend all of the money in a day.
They will be able to back to the gambling site on the other day.
They don't want to see more losses, and they can stop gambling at any time.
It is not many gamblers who can do that thing because every gambler can attract to play again and again.
As long as we can know how to limit ourselves in playing gambling, that is the winner because it's only a few gamblers who can protect themselves from the loss of the money.

Topic: The secret of gambling? - page 9. (Read 3673 times)