Pages:
Author

Topic: This is not Practical - page 8. (Read 1460 times)

sr. member
Activity: 798
Merit: 364
July 16, 2023, 05:46:55 AM
#71
However, there is no money that we can afford to lose because, even if it's a modest sum, we worked hard for it and losing it won't make us happy. However, if you want to gamble without worrying about your finances, just spend the money you know you can afford to lose even if you win.

Factually, there's no money we can afford to lose as long as we work for it. We wouldn't have bothered to earn it if we can afford to lose it. That statement "money you can afford to lose" is just a figurative statement that virtually refer to money that will not have much impact on you if you get rid of it. People plan ahead before even receiving their salary and you could see it is almost impossible for one to have money they can afford to lose. However, there are money that have less important things attached to it and losing part of it will not be felt with severe emotional cripple.

No matter how little the amount is, you might feel bad thou but not compare to when you use money meant for most important things like feeding, rent and others. Again, use money you can afford to lose.
sr. member
Activity: 714
Merit: 353
July 16, 2023, 03:29:58 AM
#70
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?

It's not that they don't have a plan for the money that they suggested someone should use the money they can afford to lose. Of course, as soon as we have money in our hands, we instantly start making plans on how to spend it. Therefore, what they are saying is that someone should spend the money so that, even if he loses the bet, he won't run into any financial difficulties. They insist on this since it is obvious that gambling is risky; therefore, if you decide that you won't gamble with a lot of money, you are protecting yourself from many things and avoiding yourself from needless stories that will follow.

However, there is no money that we can afford to lose because, even if it's a modest sum, we worked hard for it and losing it won't make us happy. However, if you want to gamble without worrying about your finances, just spend the money you know you can afford to lose even if you win.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
July 16, 2023, 03:03:14 AM
#69
It depends on your perspective, if you think the money you lose is an opportunity cost, it's mean your purpose to gamble is for making money. Although some gamblers can beat the house and double or triple their bankroll, but most of the gamblers are loss. That's why we should consider the money you lose is a money you can afford to lose, it's mean your purpose to gamble is for entertainment. The entertain in gambling is when you feel the music, when you have a conversation with other gambler, etc.
But if their goal is to make money gambling, it will require a lot of money. But if they think that the money they are using to gamble is money they can afford to lose, they will have no regrets. And it's true that we should gamble with the money we can afford and never increase the money if we can't afford to see a bigger loss. We must prevent bigger losses and that is the responsibility of each gambler so they must pay attention to how much money they have used to gamble.
hero member
Activity: 2926
Merit: 567
July 16, 2023, 02:40:30 AM
#68
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?

Even if you are good at managing your bankroll and you should still consider money allocated for gambling as something that you cannot make a profit from, it's wishful thinking to think that you can double, its a stroke of luck if you make money from gambling, but that will not always the case.

You're on the safe side always if you only use money that you can afford to lose because if you're using money that you can't afford to lose you will be in trouble financially and you will be depressed, so set aside for gambling and don't expect that it will yield profit, gambling is different from doing a business.
legendary
Activity: 2436
Merit: 1366
July 16, 2023, 12:47:50 AM
#67
Afford to lose generally means some portion of your income/wage that you will not spend for your current month's necessary expenses like electricity/telephone bills or rent or food etc. People are suggesting not to ever go above it so you can enjoy gambling while keep on living your life without losing any advantage. Its not very practical I assume but its not very hard to calculate your income/expenses ratio especially if you have fixed income like most people do.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
July 16, 2023, 12:10:33 AM
#66
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?

Yes, the reason being that I have already allowed myself for some fun time in gambling which contributes to a mentally healthy lifestyle.
I have allocated a budget for gambling which I consider affordable to lose and it is going well.
I am not a high roller and so I try to do micro betting from the small amount I have allocated to gambling.
copper member
Activity: 2268
Merit: 539
DGbet.fun - Crypto Sportsbook
July 15, 2023, 09:48:57 PM
#65
The phrase “gamble only the amount that you can afford to lose” signifies that, bet or invest that amount which you won’t require urgently for other purposes. If by chance these money gets in losses, then you should have sufficient money to survive. People often gambles with money that is required to pay their monthly bills and that is required to survive. So many have advised to avoid these type of funds. This is practical and very essential. If you have some extra money or savings, gamble with that only, as if you lose it also, you will get more chances in future to save those.
hero member
Activity: 952
Merit: 662
July 15, 2023, 09:43:31 PM
#64
It depends on your perspective, if you think the money you lose is an opportunity cost, it's mean your purpose to gamble is for making money. Although some gamblers can beat the house and double or triple their bankroll, but most of the gamblers are loss. That's why we should consider the money you lose is a money you can afford to lose, it's mean your purpose to gamble is for entertainment. The entertain in gambling is when you feel the music, when you have a conversation with other gambler, etc.
hero member
Activity: 2632
Merit: 833
July 15, 2023, 08:30:48 PM
#63
is it money that you can afford to lose?
Yes, I don't expect too much that money can be double, triple, and multiple. So, When I use the money for gambling, I'm ready to lose it. That strategy makes me play relaxed, don't have a target win, and have fun. Even if I win, I usually use that money to try for to next game until completely exhausted from living my initial capital. Because gambling is just a hobby, not a job that has the target to bring money to home.

Of course, that's already our mindset with the money that we gamble, we are just looking for that opportunity to double or have it multiple more. But in any case that it didn't happen because we are are unlucky, then that is ok.

At least we have fun and then we can sleep at night without having to think of the money that we have lost or have regrets losing it. For sure there could be gamblers looking for big win with their small amount of money and maybe this is what the OP is referring to.
legendary
Activity: 2366
Merit: 2054
July 15, 2023, 08:26:42 PM
#62
is it money that you can afford to lose?
Yes, I don't expect too much that money can be double, triple, and multiple. So, When I use the money for gambling, I'm ready to lose it. That strategy makes me play relaxed, don't have a target win, and have fun. Even if I win, I usually use that money to try for to next game until completely exhausted from living my initial capital. Because gambling is just a hobby, not a job that has the target to bring money to home.
hero member
Activity: 2702
Merit: 672
I don't request loans~
July 15, 2023, 06:23:39 PM
#61
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?
No, people definitely have money they can afford to lose. Otherwise, people wouldn't have been able to manage their lifestyles of working, paying bills, maintenance, other types of fees together with their hobbies, which by the way, costs money (It's this part that we call we can afford to lose). It simply seems "theoretical" because you consider paying money for your hobbies or enjoyment the same as money you'd spend towards bills and whatnot.

Not that I blame you, outside of here, a majority of gamblers (and bankrupted ones) don't even probably know how to financially manage themselves. This is why learn that, before even considering spending money regularly on something.
hero member
Activity: 896
Merit: 586
Leading Crypto Sports Betting & Casino Platform
July 15, 2023, 06:07:57 PM
#60
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?
Yes, I only use the money that I can afford to lose. The reason behind this theory is so that you don't start chasing you loss,when the money is gone into gambling. If you use only the funds that you can afford to lose,you will see it that you have already made up your mind to use this funds for pleasure by using it for gamble because you know that you have already lost it even before you started the game.

Personally any money that I budget for gambling isn't my anymore and I don't except to make profit from it. I see the funds as a sacrifice for me to use in entertaining myself to make me happy. Using important money for a basic need for gambling will make you uncontrollable in your gambling activities but you will be controlled by your emotions. When one is controlled by his emotions,that person is few miles close to addiction.
hero member
Activity: 2618
Merit: 548
DGbet.fun - Crypto Sportsbook
July 15, 2023, 06:02:26 PM
#59
Of course, no one wants to lose money, but as the saying goes, "Use only what you can afford to lose." It means that the money you spend on gambling will not affect your finances. It's like a designated fund for gambling and has a separate for important things. As a result, even if you lose it, your other financial needs will be unaffected.
Maybe 3 out of 10 could stick to this rule whereas the rest will gamble on the go. In reality people just gamble with the allocated fund and loss everything. This is where the real problem starts, as majority wants the loss to be recovered. Here the user will start using the money kept aside for his life needs. This is how gamblers easily get out of the slogan use money that you can afford to loss. The person who have understood well takes a break while the other borrow or use the money for important needs and spend on gambling.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
July 15, 2023, 05:59:39 PM
#58
... 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?

Yes, I gamble with the money I can afford to lose... Most of us are always "short on the money", but let's say we have $50-$100 (I am sure this amount can be lower or higher) to spare on something from time to time... I guess some people will buy something nice for themselves, some people will party all night, and some of us chose to have a quiet night playing some hot games!! Smiley

Same here, I only gamble the amount that I can afford to lose.  The free money is not allocated to monthly budgets, bills, and other stuff.  So it does not affect or hinder my financial responsibility, even if I lost all that money in gambling.  As far as I know, gambling what we can afford to lose is using money that even when it is lost will not bring us any hardship.

I am not sure how to explain it, I guess some things come with years and experience. We all get into all sorts of troubles, but what makes us who we are is how we solve them, we survive something and we learn from our mistakes and we advance or...  or we have another "sad story". I saw too many people eaten by some vice, and we read about it all the time, almost everywhere.  

Well, I also believe that the thing that does not kill us no matter how much trouble that thing brings us makes us stronger.

legendary
Activity: 2058
Merit: 1015
July 15, 2023, 05:43:41 PM
#57
Of course, no one wants to lose money, but as the saying goes, "Use only what you can afford to lose." It means that the money you spend on gambling will not affect your finances. It's like a designated fund for gambling and has a separate for important things. As a result, even if you lose it, your other financial needs will be unaffected.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
July 15, 2023, 04:49:40 PM
#56
I used to spend in such a way that my daily life doesn't get affected out of the losses. What I spent is something that can be used for so many needs, but the interest on gambling drives me and makes me part of gambling. Anything that cause you some financial problem needs to be stopped. There are people who set limits as $20 for a month and so on, such allocation is better than just gambling.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
July 15, 2023, 04:48:11 PM
#55
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?

You should start and know to read between the lines mate, there is a deeper meaning in that phrase. Yes, sure that money is a precious thing because it can help us to meet our ends meet and help us to survive in a daily basis but if that money will be used to pay for the bills and other expenses, then that money should not be gambled.

The true meaning of that phrase is that you should only gamble the "excess funds" meaning, a money that is free and will not be used in something more important because in gamble, there is no telling if you can win or not.
legendary
Activity: 2520
Merit: 1113
July 15, 2023, 04:43:46 PM
#54
the phrase "only gamble the money you can afford to lose" basically means that money that will not affect you financially if you lose it to gambling. 

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.
just because you use money that you can afford to lose when gambling does not mean that you do not need to budget it or how to manage it properly.

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?
yes, I do. using money that you can't afford to lose can always lead to disaster.
hero member
Activity: 1484
Merit: 928
July 15, 2023, 04:22:17 PM
#53
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.
If you really want to gamble, their are some certain amount that if you lose it’s going to affect you, some might even affect your health challenges, you shouldn’t gamble with money like that, but their are some money that if you lose, you won’t feel anything, you won’t even think about it, I think that’s the kind of money which you are suppose to be gambling with. I know nobody wants to lose money, but in gambling their is always profit and loss and the risk which some people do take is really high when gambling and if they lose it will end up as a problem for them. That’s why people do recommend to always gamble with the amount you can afford to lose.

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?
Yes am gambling with the amount I can afford to lose, because I know any amount I lose from gambling won’t affect me in any way negatively, and I do gamble for fun, so whenever I know am losing money then I know how i control myself and I will stop gambling, their are some people that do sell properties and do take loan just to get money to gamble, and after gambling and losing they will end up regretting.
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
July 15, 2023, 03:59:01 PM
#52
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?
^ Yes of course!
It is true that for many people, any loss of money can have an impact, the purpose of using disposable income or funds that are not allocated to essential needs is meant to minimize the potential harm. Because for me, it is about balancing the desire to gamble with the responsibility of managing one's finances. But this question depends on both individual gambler that has priority management and those with less financial expenses will have a big amount to allocate in gambling. It is very practical to have a decision like this.
You wouldn't really be making yourself get hurt nor get stressed on the time that you would lose up those funds on which you do know deep inside that you could really afford to lose those money
unlike when you do make use of money which is intended for you to make use on buying your daily needs which it would really be giving that feeling will really be different.This is why its always that recommended that you should be allocating on funds which are supposed to be spent up on gambling and not on your savings or important funds which are supposed to be spent on priorities.
You would really be finding yourself on such big problem on the time that you do find out that you are already spending on the amounts which arent supposed to be spent up on gambling.
If you dont like on having those kind of regret or feelings then better to be wary on whatever actions or move that you do towards gambling.One false move then those amounts or money you do
have would vanish on thin air if you arent that lucky enough.
Pages:
Jump to: