This is not Practical | Bitcointalksearch.org

Weawant

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Quote from: alastantiger on July 15, 2023, 09:10:17 AM

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

The advice is not based on the fact that any one do have a certain amount of money they keep aside to be lost every now and then to gamble, but they the idea no simple a certain amount of money that will not get you so emotionally tied to you stakes such that if it turns out against you, you will find it too difficult to bear the loss.

Realistically there are certain amount of money if we loose to anything be it gambling or something else we tend not to sorrow over it for just too long we can quickly move on as such amount can be tagged insignificant to affecting our emotional and mental well being, but in situations where huge sums probably was supposed to be use for certain is use to gamble, if you eventually loose it then it becomes a problem as you find it really difficult letting go because at that point you have got some emotions attached to it already and you are probably not ready to bear such losses.

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Quote from: mvdheuvel1983 on October 08, 2023, 05:41:25 PM

These types of thread are just a repetitive. If you are gambling you have your reason for gambling. I may be able to use the money that I can afford to lose to gamble or the other way around. It does not really matter as long as I am having fun and I am not on in losing streak. We may have money's that is not strictly what we can afford to lose but we do not call it that. See this thing with gambling is this if you do it responsibly you wouldn't have to worry whether the money you are using is what you can afford to lose or not.

Not just this but almost all threads that we see here are like that but I think this one here is not worse as the others. I still find it " not that common " which is great because it allows me to have an interesting reply. You're right about having a reason for gambling.

Those who use money that they can afford to lose are definitely playing mostly for fun but they are thankful and happy once they get lucky and double or triple it. Those who use money that they can't afford to lose are mostly playing for the profit. Maybe most of them are like that or won't worry a lot because they are still in control but I can feel that they feel a little pain which can then go away later on.

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It may be theoretical for those who can't follow it. That is the reason why there are those articles or tips that you said about how to budget or bankroll management. On to your question ; my response would be yes, most of the times because the feeling is worse when there are times that I get overboard and lose it. Maybe I can't get enough but I'm only hoping that I can recover what I previously lose. Much better if I ended up with extra profit.

Quote

Literally no one has money that they can afford to lose.

There are actually but I think your point is there is always a use for every money that we usually spend. In gambling, a lost money is not simply a loss but we get something out of it and that is happiness. If we are winning, we get both happiness and profit.

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Quote from: irsykes on October 08, 2023, 11:11:07 AM

Quote from: maydna on October 08, 2023, 10:39:20 AM

~snip~

In fact, playing gambling with a deposit of a certain amount usually doubles, but this multiple is still considered insufficient if it reaches 2 or 3x the total deposit. they still hope for a miracle to come so that their money will be big but in the end to no avail. If you get 2.3 folds. it might still be profitable. because greed itself can cause damage. If you don't gamble greedily using management theory you can control it, maybe it won't fall apart. can be an additional side income

That is difficult to obtain because we play gambling where we can lose or win. We lose more often than we win, so even if we win, we may still lose because we have lost money in gambling. And if we win, there will be greed, which makes us keep gambling because we hope for a bigger win. But that also will only happen sometimes because if we don't have self-control, we will experience many losses. But if they think about looking for additional side income, it won't be easy because we will encounter loss, and even though we can earn money, it probably won't be very big.

Quote from: Westinhome on October 08, 2023, 05:45:28 PM

Quote from: maydna on October 08, 2023, 10:39:20 AM

~snip~

If the gambler get many loss in the gambling,So they get addicted due to the uncomfortable behaviour of the loss.It’s very difficulty to explain the pain of the continuous loss,being the gambler we will start to target the loss.But the loss is not the permanent in the gambling sites.

If a gambler gambles too often, they have the possibility of developing a gambling addiction. If he continues to lose, he will become increasingly frustrated and want to keep trying to recover from his losses so that he will continue gambling. He might even use more money to win the gambling game. But that also doesn't guarantee he can win from gambling.

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Quote from: maydna on October 08, 2023, 10:39:20 AM

That comfortable sensation is what every gambler is looking for so that they don't feel addicted to returning to the casino repeatedly. They will find it difficult to do other things because their minds are only focused on gambling games, even though they rarely win and only experience defeat. If they could see that they still had the option to stay away from gambling or at least reduce their gambling activities, they could choose that to prevent more losses. This is also so that they can reduce their gambling addiction because usually, they will not feel that they are already addicted to gambling. And yes, they need to reflect on their gambling activities and consider whether to continue gambling or stop gambling.

If the gambler get many loss in the gambling,So they get addicted due to the uncomfortable behaviour of the loss.It’s very difficulty to explain the pain of the continuous loss,being the gambler we will start to target the loss.But the loss is not the permanent in the gambling sites.So the trying for the longer period was the most important by the gambler.He should choose 3-4 game and build their own strategy and knowledge to that game.Some day their involvement will help the gambler to make the big win using their own strategy.

mvdheuvel1983

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These types of thread are just a repetitive. If you are gambling you have your reason for gambling. I may be able to use the money that I can afford to lose to gamble or the other way around. It does not really matter as long as I am having fun and I am not on in losing streak. We may have money's that is not strictly what we can afford to lose but we do not call it that. See this thing with gambling is this if you do it responsibly you wouldn't have to worry whether the money you are using is what you can afford to lose or not.

goinmerry

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Quote from: fzkto on October 08, 2023, 11:46:38 AM

The key is not controlling your budget or knowing how to play only with money you can lose. The main thing is not to become mentally addicted to gambling, when you will have thoughts only that you can win, for example, doubling your bet. If you begin to think about winning and not about pleasure, then you begin to addiction to gambling.

Sounds easy to say but if you are in the actual situation, you can't withstand it.

Winning will really pump us to the point that we will push our luck to its limit. We continue to play especially when winning because we want to take chances and the opportunity that luck is now. It's like why should we stop when luck is currently on our side? Just continue.

Then that's the critical part, we don't realize that we are now falling on trap of gambling and that's the point it test us being a responsible gambler

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Quote from: CODE200 on October 08, 2023, 11:34:33 AM

Quote from: Fortify on October 08, 2023, 08:37:54 AM

Quote from: alastantiger on July 15, 2023, 09:10:17 AM

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

Well you seem to live a different lifestyle to others, where you may consider that you cannot afford to lose any money. However if you look at it differently and as a form of entertainment, then it can make more sense. For a example some people find pleasure in going bowling or to the cinema, even paying $20 for the privilege. That is a fun experience to them. Other people choose gambling as a fun experience, outlet and way to spend their free cash. Neither is better or worse than the other, as long as the person stays in control of their budget.

I totally agree with this! Because this is the advice that I always give when people are asking me from it and that is to only risk something what you can afford to lose. I think if we try to look at this in the context of gambling, this would really make sense because as well know, you will really lose money in gambling. So, it's like another way of saying that you should manage your funds wisely and that you should only use you free money. I also agree with what you mentioned that if we see gambling as a means of entertainment, then what you can afford to lose for gambling really makes sense. Because it's like paying for a ticket to a concert since your main goal is to have fun. And I think this is also to teach gamblers to gamble responsibly and to remind them about the risk of gambling if the very reason reason why they engage to it is to generate an income and not to have fun.
But again, we all have different belief and views about this matter.

The key is not controlling your budget or knowing how to play only with money you can lose. The main thing is not to become mentally addicted to gambling, when you will have thoughts only that you can win, for example, doubling your bet. If you begin to think about winning and not about pleasure, then you begin to addiction to gambling.

CODE200

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Quote from: Fortify on October 08, 2023, 08:37:54 AM

Quote from: alastantiger on July 15, 2023, 09:10:17 AM

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

Well you seem to live a different lifestyle to others, where you may consider that you cannot afford to lose any money. However if you look at it differently and as a form of entertainment, then it can make more sense. For a example some people find pleasure in going bowling or to the cinema, even paying $20 for the privilege. That is a fun experience to them. Other people choose gambling as a fun experience, outlet and way to spend their free cash. Neither is better or worse than the other, as long as the person stays in control of their budget.

I totally agree with this! Because this is the advice that I always give when people are asking me from it and that is to only risk something what you can afford to lose. I think if we try to look at this in the context of gambling, this would really make sense because as well know, you will really lose money in gambling. So, it's like another way of saying that you should manage your funds wisely and that you should only use you free money. I also agree with what you mentioned that if we see gambling as a means of entertainment, then what you can afford to lose for gambling really makes sense. Because it's like paying for a ticket to a concert since your main goal is to have fun. And I think this is also to teach gamblers to gamble responsibly and to remind them about the risk of gambling if the very reason reason why they engage to it is to generate an income and not to have fun.
But again, we all have different belief and views about this matter.

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Quote from: maydna on October 08, 2023, 10:39:20 AM

Quote from: irsykes on October 08, 2023, 08:14:42 AM

Quote from: maydna on October 08, 2023, 07:55:15 AM

~snip~

The sensation of being comfortable in the world of gambling is definitely addictive, most of them will find it difficult to carry out work activities because their brains are unhealthy and expect too much. Most of them end up losing and their families are destroyed or survive because of their uncertain gambling appetite. The process of getting rid of gambling addiction is not easy. The lowest point of having nothing forever will probably be something to reflect on in the future and not repeat it

That comfortable sensation is what every gambler is looking for so that they don't feel addicted to returning to the casino repeatedly. They will find it difficult to do other things because their minds are only focused on gambling games, even though they rarely win and only experience defeat. If they could see that they still had the option to stay away from gambling or at least reduce their gambling activities, they could choose that to prevent more losses. This is also so that they can reduce their gambling addiction because usually, they will not feel that they are already addicted to gambling. And yes, they need to reflect on their gambling activities and consider whether to continue gambling or stop gambling.

In fact, playing gambling with a deposit of a certain amount usually doubles, but this multiple is still considered insufficient if it reaches 2 or 3x the total deposit. they still hope for a miracle to come so that their money will be big but in the end to no avail. If you get 2.3 folds. it might still be profitable. because greed itself can cause damage. If you don't gamble greedily using management theory you can control it, maybe it won't fall apart. can be an additional side income

maydna

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Quote from: irsykes on October 08, 2023, 08:14:42 AM

Quote from: maydna on October 08, 2023, 07:55:15 AM

~snip~

The sensation of being comfortable in the world of gambling is definitely addictive, most of them will find it difficult to carry out work activities because their brains are unhealthy and expect too much. Most of them end up losing and their families are destroyed or survive because of their uncertain gambling appetite. The process of getting rid of gambling addiction is not easy. The lowest point of having nothing forever will probably be something to reflect on in the future and not repeat it

That comfortable sensation is what every gambler is looking for so that they don't feel addicted to returning to the casino repeatedly. They will find it difficult to do other things because their minds are only focused on gambling games, even though they rarely win and only experience defeat. If they could see that they still had the option to stay away from gambling or at least reduce their gambling activities, they could choose that to prevent more losses. This is also so that they can reduce their gambling addiction because usually, they will not feel that they are already addicted to gambling. And yes, they need to reflect on their gambling activities and consider whether to continue gambling or stop gambling.

Fortify

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Quote from: alastantiger on July 15, 2023, 09:10:17 AM

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

Well you seem to live a different lifestyle to others, where you may consider that you cannot afford to lose any money. However if you look at it differently and as a form of entertainment, then it can make more sense. For a example some people find pleasure in going bowling or to the cinema, even paying $20 for the privilege. That is a fun experience to them. Other people choose gambling as a fun experience, outlet and way to spend their free cash. Neither is better or worse than the other, as long as the person stays in control of their budget.

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Quote from: alastantiger on July 15, 2023, 09:10:17 AM

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?

Those of us who gamble for fun and gamble to make money never gamble to lose money. Everyone has a hope that he will earn money instead of losing it. Here the money I use for gambling is definitely my hard earned money. I never want to lose this hard earned money but sometimes the cruel twist of fate makes me lose it. Many people say to gamble only as much as you can afford to lose. Here I also have an answer that I never want to lose money even if we participate in gambling and lose. I feel so helpless when I'm lost. Now I can never lose the money I earn.

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Quote from: maydna on October 08, 2023, 07:55:15 AM

Quote from: irsykes on October 07, 2023, 09:22:35 AM

Quote from: maydna on October 07, 2023, 06:06:52 AM

~snip~

There are also those who realize that they have lost a lot of money in gambling but can still prioritize gambling, so the main thing is that the family's needs must be neglected because of the effects of addiction. all he has in mind is winning big doubles, not looking for fun or entertainment. even though asking for advice from friends is not 100% going to come back. only time will determine future changes. regret always comes at the end

If they realize that they have lost a lot of money but can still gamble, they have to really feel that they have lost a lot of money before they can really realize that they have to fulfill the neglected needs of their family. That will make his family unable to buy their daily needs because all the money is used for gambling. And this person should be aware of his mistakes, and he should leave gambling and never gamble again. But if he continues to gamble, it seems like this person is so addicted to gambling that he can't differentiate between which money is for gambling and which is to meet his family's needs.

The sensation of being comfortable in the world of gambling is definitely addictive, most of them will find it difficult to carry out work activities because their brains are unhealthy and expect too much. Most of them end up losing and their families are destroyed or survive because of their uncertain gambling appetite. The process of getting rid of gambling addiction is not easy. The lowest point of having nothing forever will probably be something to reflect on in the future and not repeat it

maydna

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Quote from: irsykes on October 07, 2023, 09:22:35 AM

Quote from: maydna on October 07, 2023, 06:06:52 AM

~snip~

There are also those who realize that they have lost a lot of money in gambling but can still prioritize gambling, so the main thing is that the family's needs must be neglected because of the effects of addiction. all he has in mind is winning big doubles, not looking for fun or entertainment. even though asking for advice from friends is not 100% going to come back. only time will determine future changes. regret always comes at the end

If they realize that they have lost a lot of money but can still gamble, they have to really feel that they have lost a lot of money before they can really realize that they have to fulfill the neglected needs of their family. That will make his family unable to buy their daily needs because all the money is used for gambling. And this person should be aware of his mistakes, and he should leave gambling and never gamble again. But if he continues to gamble, it seems like this person is so addicted to gambling that he can't differentiate between which money is for gambling and which is to meet his family's needs.

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Quote from: maydna on October 07, 2023, 06:06:52 AM

Quote from: irsykes on October 06, 2023, 11:16:24 AM

Quote from: maydna on October 06, 2023, 08:02:04 AM

~snip~

If the person is a gambling addict, it will be difficult for him to manage his money so that he can live a normal life. On average, people who have been damaged will continue to gamble until they get a lot of money on their mind. For example, if a neighbor or friend is devastated by gambling, if they see this, it will be difficult to learn to improve themselves or become a basis for managing money. This is something that rarely cannot be anticipated or is very difficult to be aware of.

Those who are addicted to gambling will not be able to control the use of their money because they will gamble excessively and feel that they have not gambled enough. These people have been harmed by gambling but cannot realize it and just continue gambling. But they can also hide their gambling activities from others so that others will see them as someone who is okay even though they are not. And if that were the case, it would be difficult to watch out for, know, or even anticipate because he could always hide his gambling activities. It might be difficult for him to cure his gambling addiction if he doesn't realize that he is addicted to gambling and needs help from other people.

There are also those who realize that they have lost a lot of money in gambling but can still prioritize gambling, so the main thing is that the family's needs must be neglected because of the effects of addiction. all he has in mind is winning big doubles, not looking for fun or entertainment. even though asking for advice from friends is not 100% going to come back. only time will determine future changes. regret always comes at the end

maydna

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Quote from: irsykes on October 06, 2023, 11:16:24 AM

Quote from: maydna on October 06, 2023, 08:02:04 AM

~snip~

If the person is a gambling addict, it will be difficult for him to manage his money so that he can live a normal life. On average, people who have been damaged will continue to gamble until they get a lot of money on their mind. For example, if a neighbor or friend is devastated by gambling, if they see this, it will be difficult to learn to improve themselves or become a basis for managing money. This is something that rarely cannot be anticipated or is very difficult to be aware of.

Those who are addicted to gambling will not be able to control the use of their money because they will gamble excessively and feel that they have not gambled enough. These people have been harmed by gambling but cannot realize it and just continue gambling. But they can also hide their gambling activities from others so that others will see them as someone who is okay even though they are not. And if that were the case, it would be difficult to watch out for, know, or even anticipate because he could always hide his gambling activities. It might be difficult for him to cure his gambling addiction if he doesn't realize that he is addicted to gambling and needs help from other people.

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In all given replies, it proves that the advice gambling only what we can afford to lose is not just some theoretical practice or any unproven method to keep one from being too hooked on gambling. Gambling what we can afford to lose is one of the practices under responsible gambling which is also an advice of the government and other concern individuals when it comes to gambling activity.

There are lots of stories where one person befall to gambling addiction and financial ruins because they don't follow the advice of gambling only the money that we can afford to lose. So these kinds of different people sharing the same story is a proof that the advice of gambling only what we can afford to lose is one of the best practical advice and application that a gambler must follow to avoid financial ruins.

Quote from: Z390 on October 06, 2023, 04:43:20 AM

It's hard to beat the house, gambling is a game of luck, so my answer will always be YES, I am going to keep using money that I can afford to lose, you should have ask people how much is money that can afford to lose, instead you said no one really have money they can afford to lose, you are wrong.

Even you OP has money you can afford to lose, let me give you an example, there must be sometimes in your life where you spend money on unnecessary things, those type of money are better use for investment or trying your luck.

Let me go deep into better explanation, if you are earning up to a 500 in dollars every month, how will losing $1 on gambling every week affects you? Will you be willing to take risks with $1 and still have $499 left or you willing to take risks with $60 and have $440 left? You are the only one that can answer this, some money won't hurt even if you lose them.

Still not satisfied? Ok let me use this example again, how much have you paid on gas in crypto this year alone? Why didn't you feel pained when moving $100 to exchange using $2 every time? Because it's worth it, isn't it? It's just $2.

So use those money you will call "Just" to gamble, this is the perfect money for gambling, and only you knows the amount that won't do you a thing when you lose them.

This one is a good example why people have spare money to spend and can afford to lose.

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Definitely yes. I will never gamble my money if I know I can’t manage it to lose, or it’s something that is currently needed on some important matter. But knowing it’s my extra cash, so I think I can freely use it for my entertainment satisfaction and gambling is probably the best thing that could give me fun after playing its game. So no matter how the things will go, even if it could be a loss, it doesn’t matter actually as long as gambling games have satisfied me. But it will be more fun also if I happened to win the game and double my money from gambling.

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Quote from: Vaculin on October 06, 2023, 12:11:32 PM

^

That's what I think, too. I can spend my free money any way I want. I can buy myself something useful, or I can just gamble after work or on weekends. Personally, after several years of gambling, I have a clear understanding that the money I plan to gamble on will most likely lose. Therefore, parting with this money is not so miserable, and winnings inspire me and make me the happiest.

Topic: This is not Practical (Read 1460 times)