Threshold of Loss in Gambling - page 12.

Quidat

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Quote from: Davidvictorson on July 12, 2022, 11:36:58 AM

Gambling is fun. And it doesn't matter whether you go to a land-based casino to bet or an online casino. When we bet, we celebrate our wins and count our losses. According to this study, the researchers found that gamblers are satisfied with small wins and will tolerate small losses but when they hit the threshold of loss, they will not play anymore. I will attempt to define threshold of loss as regards gambling as the minimum intensity at which a gambler can no longer tolerate a loss.

My question is, can you remember a time when you reached your threshold of loss while gambling?

Threshold would be usually on the time that you dont have already money or funds and it would be depending on someone whether they would go into some extent or would completely
stop if they do saw that they are losing that much? This is actually depending on self preference since not all could able to tolerate their gambling interest whether they can afford to lose even more
beyond their limit or it is just they are really that impulsive on where they cant really just stop as long they do have the funds for them to play.?
I cant afford on losing beyond my border line.When i said enough then it would be enough and dont tend to play even more and this should how people do play with gambling
where setting out limits so that you wont really be facing some problems later on.

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Quote from: Davidvictorson on July 12, 2022, 11:36:58 AM

My question is, can you remember a time when you reached your threshold of loss while gambling?

For me, I have no threshold, in fact, the idea of having a set threshold have never occurred to me, what I know is that I just set out some certain amount of money I know I am ready to throw away and decide to gamble with it, I naturally don't gamble frequently, so the idea of having a set threshold doesn't really apply for my kind of gamblers, there are some periods that it takes me about a month to gamble away $100 which is most times even lesser than that, I have won on several occasions, and that period I won are usually the period I gamble the most because I always end up with this feeling that I could win more, and the fact that am I now gambling with the money I won and not extra money from my pocket gives me peace of min, i can gamble away any amount of money in a day anytime i decide to gamble, i have no set threshold, the amount i wager away mostly depends on how i feel about what am gambling on.

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Quote from: Wapfika on July 12, 2022, 12:38:49 PM

Actually it depends on my balance or financial status at that particular time. I usually limit my losses to 10% of my total savings in my crypto wallet. This is the maximum amount I can afford to lose and reaching will be a major upset to me that makes stop gambling for a certain period of time. I don’t know if everyone does this but I guess most of the gambler play without a threshold and only stop when there balance is emptied.

That's still a lot. I don't think I would be able to sleep at night if I ever lost 10% of my bitcoins. That would be years of saving up down the drain.

I usually don't gamble with more than $100 at a time. I'm a casual gambler and I can spare a hundred here and there from time to time, but that's all. I don't lose a lot and I don't win a lot. For me it's just a way to have some fun and feel the thrill.

acroman08

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Quote from: Davidvictorson on July 12, 2022, 11:36:58 AM

My question is, can you remember a time when you reached your threshold of loss while gambling?

I usually have a fixed amount of funds that I save up to gamble. if that fund is depleted that is my "threshold of loss" but there are times when I don't completely lose all my funds but that is not because I reached my limit, it's just that I also have a time limit on how long I gamble every session.

regarding the article, the article is very interesting, they don't just talk about the "threshold of loss" but also how people who go to casinos make decisions while gambling and how a gambler with addictive behaviour responds to the casino's marketing strategy. if you have I suggest reading it.

nullama

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The majority of times I've been to a casino i set a specific amount of money that I will spend, and when I cross that threshold I just stop playing.

Sometimes I just stay around for a bit without gambling more, and other times I just leave. Also a couple of times I won a bit of money and left after winning.

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Quote from: Davidvictorson on July 12, 2022, 11:36:58 AM

My question is, can you remember a time when you reached your threshold of loss while gambling?

I think most of the times I can hit itas long as it's predetermined before you are gambling. It should have been planned in the first place on what threshold you can manage your loss, it shouldn't be just popping out of nowhere, my answer is that it's being planned or you should know how much you can gamble for a day - win or loss.

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Quote from: Davidvictorson on July 12, 2022, 11:36:58 AM

My question is, can you remember a time when you reached your threshold of loss while gambling?

I don't gamble much by nature, just a few times as I have often said here, I don't fancy loosing money so I assume that my threshold of loss is really very small/slim, because after loosing any money any day I decide to gamble, I do not want to continue, it hurts so much, guess I'm among the persons who have a strict loss threshold.

I think it is possible to say that some people may react differently when they make losses in gambling and hit their threshold. While some like me may withdraw from gambling for a while till the pain of loosing fades away, some may see the loss as a motivation to want to try again and maybe this time win the casino. In trying they may be loosing more, but the thought of trying to win keeps them going and unknowingly they continue to expand/increase their threshold of loss till it puts them in problems.

Gamblers must understand the need to maintain their threshold of loss and not expand it so it doesn't cause them issues.

Wapfika

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Actually it depends on my balance or financial status at that particular time. I usually limit my losses to 10% of my total savings in my crypto wallet. This is the maximum amount I can afford to lose and reaching will be a major upset to me that makes stop gambling for a certain period of time. I don’t know if everyone does this but I guess most of the gambler play without a threshold and only stop when there balance is emptied.

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Quote from: ryzaadit on July 12, 2022, 12:33:20 PM

To be honest.

Is hard, even you have the best strategy. After you get triged, your strategy of money management becomes useless and trying to deposit more to chase the lose. This is just based my experience.

Easy to think about this one, but is hard while you gambling.

It's really hard to resist especially when you have all the means to bet again and the only time you manage to think it was a huge mistake is when you don't anything in your pocket anymore. That's why people always try to say stop when you think you are losing too much but in reality, the word "stop" won't show until you drain your money from betting too much. I appreciate those people who know exactly what to do when they feel they aren't winning the game at all and they just left it like that not chasing it anymore and moved on with their life.

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Quote from: Davidvictorson on July 12, 2022, 11:36:58 AM

My question is, can you remember a time when you reached your threshold of loss while gambling?

Mine was actually during my studies in the University when I gambled with my school fees and also with my accommodation money, it almost cost me to drop out of school and Since then I think I haven't had huge loses as much because I'm using a different strategy from what I was using initially and it has really helped me out in having more wins than loses.

ryzaadit

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To be honest.

Is hard, even you have the best strategy. After you get triged, your strategy of money management becomes useless and trying to deposit more to chase the lose. This is just based my experience.

Easy to think about this one, but is hard while you gambling.

blockman

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I can't remember how much it was but that's not that much compared to those actually addicted gamblers that would be fine losing $1k in just a single spin or roll.

Quote from: Davidvictorson on July 12, 2022, 11:36:58 AM

the researchers found that gamblers are satisfied with small wins and will tolerate small losses but when they hit the threshold of loss, they will not play anymore.

Both are true, we're happy with small wins and that makes us content and want to gamble again sometime. And when we lose, it's the temporary halt that we have to make but after moving on, we'll gamble again from that loss.

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Quote from: Davidvictorson on July 12, 2022, 11:36:58 AM

Gambling is fun. And it doesn't matter whether you go to a land-based casino to bet or an online casino. When we bet, we celebrate our wins and count our losses. According to this study, the researchers found that gamblers are satisfied with small wins and will tolerate small losses but when they hit the threshold of loss, they will not play anymore. I will attempt to define threshold of loss as regards gambling as the minimum intensity at which a gambler can no longer tolerate a loss.

My question is, can you remember a time when you reached your threshold of loss while gambling?

To me that is very simple, I have a monthly budget to gamble and while it is not huge or anything I make small bets to allow me to last a few gambling sessions during that month, if I happen to lose that money early then I am not going to deposit any extra amount to the casino and I am just going to spend the rest of the month without gambling more money at all, however I think that study most likely only takes into account the average gambler as an addicted will probably not stop gambling until they have spend every single dollar they have to their name.

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Quote from: Davidvictorson on July 12, 2022, 11:36:58 AM

My question is, can you remember a time when you reached your threshold of loss while gambling?

Sure. For me the threshold is the money I have deposited in my casino account. I have a rule of never adding to the balance during a session. If I lose it all it means the and for that day, maybe for longer, depending on how long it was since the last time I sent money to a casino.

Sometimes I played on a casino account with the money they gave me for free or money I got from a signature campaign. If that went to 0 I'd stop until the next paycheck.

fiulpro

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If am investing 80$ in Gambling, then I do understand that if I am loosing very fast and I have already lost more than 90%, I am not going to invest any more money in there since I know my luck is not on my side as well, so what I would do is to use all that amount that I do have in there and would not attempt to further add any more on the same day or even on consecutive days, for me threshold does not depend on the Money that I invest in Gambling but it does depend on how much I have lost, what Percentage have I lost, which is usually, 90% but my anxiety starts calling me at 50% usually.

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I prefer sport, especially football (soccer).

My threshold before was until I have lost all my money in bank. Later I know about cryptocurrencies and later I got a job. After leaving gambling for over a year during the time, the only way I am making money is through my job. I put less than 5% weekly income on gambling and I have fun with it.

This time, I do not think I am experiencing anything like threshold, if I lose during weekend that I only gamble, I play no more, if I win, I have another money to drink bear.

Davidvictorson

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Gambling is fun. And it doesn't matter whether you go to a land-based casino to bet or an online casino. When we bet, we celebrate our wins and count our losses. According to this study, the researchers found that gamblers are satisfied with small wins and will tolerate small losses but when they hit the threshold of loss, they will not play anymore. I will attempt to define threshold of loss as regards gambling as the minimum intensity at which a gambler can no longer tolerate a loss.

My question is, can you remember a time when you reached your threshold of loss while gambling?

Topic: Threshold of Loss in Gambling - page 12. (Read 1953 times)