~snip~
It will not require much effort if the user uses one platform, as the system of that platform records all withdrawals and deposits in addition to the amount used in each bet and the amount of interest from it, negatively or positively. The matter becomes more complicated if a person uses more than one platform simultaneously, which makes it more difficult to find recordings without having to save them manually, which does not seem an easy process for anyone, regardless of his level.
Topic: Threshold of Loss in Gambling - page 6. (Read 1985 times)
~snip~
It will not require much effort if the user uses one platform, as the system of that platform records all withdrawals and deposits in addition to the amount used in each bet and the amount of interest from it, negatively or positively. The matter becomes more complicated if a person uses more than one platform simultaneously, which makes it more difficult to find recordings without having to save them manually, which does not seem an easy process for anyone, regardless of his level.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.
on depositing once again and lost it all over which is really a very common scenario to happen and thats why gambling business is profitable because of these type of people.Some are really in control
but majority is really having that impulsive or highly reactive and easily rage out.
Well its a personal kind of perception on gambling because there are some who are good on control and some are not.
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.
I am very strict with the way I gambled, once I made some profits I quickly transfer my profits to my wallet and continue gambling with the remaining funds to avoid the temptations of gambling with higher funds as well as losing it, though in few occasions if I lost all my funds on gambling I will deposit another small fund and repeat the whole process again in a long run I earn some reasonable amount of profits though I have to be extra careful and avoid greediness while aiming for small profits all these requires some discipline and rules which I followed wholeheartedly.
You said it right, with discipline you'll be able to achieve your target, but without it the next you know is you already run out of fund.
It's more about how you balance yourself during the game, setting your target profits and losses. If you fill it up, then you have a better chance
of winning though if adrenaline comes up and the thinking that you can have more or win more, expect that you'll lose everything and
the chance that you'll going to add more.
I can understand that this is not easy, of course. It is a clear indication of the onset of signs of addiction.
The solution from my point of view is to record all profits and losses after making the first deposit. And before making more consecutive deposits, these recordings will help the mind to make a more reasonable and wise decision. I've seen this in a mind experiment conducted by experts in behavioral addictions, but unfortunately, more than 90 percent of gamblers do not have the time to make such recordings.
Your solution may work well, but it requires discipline to keep a record of all the advantages and disadvantages. While many of us are lazy to write down. Maybe we can do it for a week, but after that, I don't know for sure The solution from my point of view is to record all profits and losses after making the first deposit. And before making more consecutive deposits, these recordings will help the mind to make a more reasonable and wise decision. I've seen this in a mind experiment conducted by experts in behavioral addictions, but unfortunately, more than 90 percent of gamblers do not have the time to make such recordings.
But if we really want to monitor our activities in gambling, keeping a record of profits and losses, deposits and withdrawals are necessary to know how much money we have used. From there, we can assess whether we need to reduce the amount of money or whether we should just stop gambling. This could help us to control ourselves playing gambling and not spend too much money to play gambling.
Having a gambling budget is a good idea, some people do not see this with good eyes as they think that for a person to have some money destined to gambling already then that person must have some problems with their gambling, but in fact it is the opposite, those which have a budget for their gambling activities are the ones that have the most control over their gambling as if at any moment they spend their gambling budget then they stop gambling immediately and then do something else to entertain themselves.
I also said that to myself that I need to play with some budget, but guess what, it's not going to happen specially if you lost a lot in the beginning. So kudos for those who can play within budget, but that could be more on an exception rather the norm in gambling. So it's either no gambling at all instead of playing within a budget because it's really hard to control when you are in to it.
I think not all gamblers have limits in gambling, only gamblers who apply discipline will remember or realize that when they reach the threshold of losing it is their time to stop. Therefore, most of those who cannot manage their finances in gambling are not aware of the higher loss threshold because they will continue to bet as long as they have money. It is unfortunate indeed, but cases like this are indeed difficult to avoid, especially for those who do not have much experience in gambling.
The saddest loss I can remember was, when I had to burn $600 in one day for losing. Initially only made a very small deposit, only $30, the loss made me angry and then I played for an additional $100, when this additional ran out, I added an initial, until this loss consumed all. This happened a few months ago. Until now, I have not been able to win with that amount. the best wins only end up at $200 and, I use money from thwse win to gamble again, you can make a guess what will happen. LOL.
I am very strict with the way I gambled, once I made some profits I quickly transfer my profits to my wallet and continue gambling with the remaining funds to avoid the temptations of gambling with higher funds as well as losing it, though in few occasions if I lost all my funds on gambling I will deposit another small fund and repeat the whole process again in a long run I earn some reasonable amount of profits though I have to be extra careful and avoid greediness while aiming for small profits all these requires some discipline and rules which I followed wholeheartedly.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Ever since I stated gambling I have a rule that always govern me how I play gambling, I always have a budget for every gambling I play whether I loss or win I don't go further with an extra amount, because I know if continue I ended up to loss I won't feel happy. So I always have a limit both for loss and win.
That's good that you don't find it difficult to use your money to gamble and will never increase the amount of money you spend because it won't always give you good results either. It is better to have a limit on gambling so that we will never experience a big loss because we can control the amount of money we use. It also helps us in overcoming addiction problems that can come at any time. If we keep doing this, we can surely enjoy gambling and avoid addiction. 
I cannot speak for other people, but I am a very disciplined gambler. I have a weekly "entertainment" budget for gambling, so I make sure that I pay all my expenses first and then allow for a small portion of my remaining budget to go towards "gambling".
The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems.
I think the method you are using should be imitated instead of doing more difficult calculations like the people above. Allocate funds from the remaining basic needs, and you use them according to the balance that has been set every week. In my opinion, this is much more effective and applies simple discipline but gives the impression of a limit on the money spent. This should be a consideration for people who find it difficult to manage their finances in gambling. The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems.
It depends on what kind of gambling I was playing. If it's just some small bets, I would allow at most $100 for a day. Any more than that, I think it will be stuck on my mind for days and lead to bad productivity for the days after that. For one time where a team I like was playing or I'm feeling lucky, $1000 at most.
I cannot speak for other people, but I am a very disciplined gambler. I have a weekly "entertainment" budget for gambling, so I make sure that I pay all my expenses first and then allow for a small portion of my remaining budget to go towards "gambling".
The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems.
Having a gambling budget is a good idea, some people do not see this with good eyes as they think that for a person to have some money destined to gambling already then that person must have some problems with their gambling, but in fact it is the opposite, those which have a budget for their gambling activities are the ones that have the most control over their gambling as if at any moment they spend their gambling budget then they stop gambling immediately and then do something else to entertain themselves.The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems.
I also said that to myself that I need to play with some budget, but guess what, it's not going to happen specially if you lost a lot in the beginning. So kudos for those who can play within budget, but that could be more on an exception rather the norm in gambling. So it's either no gambling at all instead of playing within a budget because it's really hard to control when you are in to it.
I cannot speak for other people, but I am a very disciplined gambler. I have a weekly "entertainment" budget for gambling, so I make sure that I pay all my expenses first and then allow for a small portion of my remaining budget to go towards "gambling".
The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems.
Having a gambling budget is a good idea, some people do not see this with good eyes as they think that for a person to have some money destined to gambling already then that person must have some problems with their gambling, but in fact it is the opposite, those which have a budget for their gambling activities are the ones that have the most control over their gambling as if at any moment they spend their gambling budget then they stop gambling immediately and then do something else to entertain themselves. The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems.
I cannot speak for other people, but I am a very disciplined gambler. I have a weekly "entertainment" budget for gambling, so I make sure that I pay all my expenses first and then allow for a small portion of my remaining budget to go towards "gambling".
The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems.
The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems.
I don't have discipline problems either, but sometimes I run into a problem situation: for example, I have a budget for a game and I never go over it. But sometimes I win extra money (let's say it's 5 times the budget) and the question arises - withdraw it or keep playing? In fact, this is not much money, so I want to once again increase their number several times, but I understand that it would be more correct to withdraw them.
I cannot speak for other people, but I am a very disciplined gambler. I have a weekly "entertainment" budget for gambling, so I make sure that I pay all my expenses first and then allow for a small portion of my remaining budget to go towards "gambling".
The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems.
The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems.
I can understand that this is not easy, of course. It is a clear indication of the onset of signs of addiction.
The solution from my point of view is to record all profits and losses after making the first deposit. And before making more consecutive deposits, these recordings will help the mind to make a more reasonable and wise decision. I've seen this in a mind experiment conducted by experts in behavioral addictions, but unfortunately, more than 90 percent of gamblers do not have the time to make such recordings.
Your solution may work well, but it requires discipline to keep a record of all the advantages and disadvantages. While many of us are lazy to write down. Maybe we can do it for a week, but after that, I don't know for sure The solution from my point of view is to record all profits and losses after making the first deposit. And before making more consecutive deposits, these recordings will help the mind to make a more reasonable and wise decision. I've seen this in a mind experiment conducted by experts in behavioral addictions, but unfortunately, more than 90 percent of gamblers do not have the time to make such recordings.
But if we really want to monitor our activities in gambling, keeping a record of profits and losses, deposits and withdrawals are necessary to know how much money we have used. From there, we can assess whether we need to reduce the amount of money or whether we should just stop gambling. This could help us to control ourselves playing gambling and not spend too much money to play gambling.
My question is, can you remember a time when you reached your threshold of loss while gambling?
Of course, but sometimes I go aggressive and stay undisciplined because I like to chase my losses and the worst thing happened. Therefore, it's very important that we stay disciplined while gambling because the risk is high and the worst-case scenario is we might end up homeless because we become addicted to gambling.
In my initial gambling days, i never accepted my loses and always try to recover them by chasing my loses. In these loss recovery chases, i used to lose a lot of money. The reason is that when you are chasing your loss, you are not playing normally, you are in control by your emotions and you can never win in gambling if you are not clam.
Later, i stop doing this and as soon as i lose money, i quit gambling and take the rest. We have to accept that we cannot win all games in gambling and losing is a part of gambling.
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 wonder if that threshold causes the person to totally abandon gambling or just a temporary pause and will still gamble when given more funds or opportunity. If there is such a threshold that will totally stop a gambler from gambling, then there would be less chronic gamblers that gambles their life and fortune away. Maybe this study is only applicable to casual gamblers who regrets gambling when faced with large losses.My question is, can you remember a time when you reached your threshold of loss while gambling?
There is a set amount allocated to sports betting for me. And I do not do casino games, so there is no chance for me to overspend or reach my threshold. Jump to: