Threshold of Loss in Gambling - page 7.

len01

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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 have been gambling since 2015 until now, i still play gambling. and i really like gambling poker.

i remember in the year around 2018 i experienced the biggest loss threshold of my lifetime.
i lost all the money in my bank and closed my business shop. at that time i won from gambling poker equivalent to $ 10,000 with a capital of $ 500 and stupidly i didn't withdraw some of my winnings to be safe in a private bank, instead i continued the game with the winning money hoping to win more than $ 10,000. but that's when my loss threshold was actually visible, it's just that i ignored the problem and was too focused on getting bigger.
and after that i lost until the money i got ran out was not left. after that i didn't want to lose to the bookie and sold some valuables for gambling capital. but after selling all my valuables, not getting wins but continuous defeats i got and i lost everything.
after that i stopped playing gambling and improved my life by opening a business using bank loan money.

and for 3 years i stopped gambling i came back here to join the signature campaign payment btc for gambling capital again. Grin

all the stories that i tell are examples of when i really felt a very large loss threshold because of the stupidity that i did when gambling

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I don't know what it feels like to hit this threshold. I have always gambled with spare money and not what i reserved for investment so most of the time i don't gamble to win but just for fun, a way to while away time. It is difficult most times trying to relate with those who have lost much to gambling because i keep my risk affordable. Why i feel scared of going extreme with gambling is the fear of getting addicted because i know if i start

Dave1

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Everyone gets REKT in gambling, no question about it, whether you have threshold is maybe different from everyone. Maybe others will curse gambling for good and not going to play because they have lost so much money. On the other hand, there are gamblers that will continue even loses after loses. For me, I'm not that of a big gambler so maybe just a couple of hundred dollars for me is the threshold.

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Quote from: bitbollo on July 14, 2022, 05:14:04 AM

Quote from: kamvreto on July 14, 2022, 05:00:17 AM

...
I just wanted to ask, do you have any other strategy to really recover from all those losses?

I don't think there is a strategy to recover from losses.
Maybe you can play in a smart way, avoiding risky play and try to maximize your gain... but why play in such way only when you are in loss? you should have this approach anyway anytime. A real gambler must maximize profit in all possible ways, everytime!

because some people will only get up when in a situation that is not possible and a stressful situation such as experiencing a lot of losses.
I'm just asking if you really have a strategy in such circumstances.
Playing smart with maximizing profit as you mean may be everyone's goal, but everyone will have a different approach, have a different level of emotional stability, even those who are too greedy continue to fall into losses.
A true gambler will not only think about profits, but he will also think about how to avoid losses to a minimum even though he does not get profits when circumstances do not allow.

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Quote from: Oshosondy on July 14, 2022, 06:42:56 PM

Individual are different, we are not the same, some people can have a book to calculate their monthly income, how they will spend some and how they will save some, there is nothing bad in that, it can go beyond gambling, just that the amount of money that will be allocated on gambling will be included also also among. As for me, I am not like that though, but having this kind of calculations can help in managing finances.

You are right, people will have a different type of loss calculation than the amount deposited in each casino. Doing calculations regularly is not the type of gambler who always evaluates after playing and doing research on his gambling. In addition, generally just limit the bet every week and try to compare it to the nominal on last week's bet.

Jody.Drummer

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Quote from: goinmerry on July 14, 2022, 06:40:07 PM

Quote from: hyudien on July 14, 2022, 04:12:17 PM

I don't really like calculations using tables to accumulate finances in terms of gambling. Because usually it is often done by people who are too economist in terms of spending. The struggle is still entertainment, and in this case, taking into account every time we lose I believe the defeat is much bigger than what we get. Certainly not too free to bet. But your advice is indeed effective for them in terms of controlling finances.

Same here. I know others are recording everything but for me using Excel, notes, or sheets to record our winning and losing is not even my option.

Don't get me wrong here and I'm not saying it's a bad thing. It's just that, it's something a hassle thing for me to do and it won't make me a better gambler in general. As long as I am able to control my threshold in every of my betting session, be it on sports betting or slot games, I can manage my bankroll and finance properly. That's what matters here.

Besides, if there's a time that I need to look at my betting stats, history of winnings, and losing, that should be all recorded on our gambling site by default.

I agree with you guys, maybe the system to control the threshold is more than enough. but indeed as a diligent person he will evaluate the calculation of the amount he spends. It can only be in one casino, but what if it is in several casinos? it's quite difficult. We want to bet here for fun which is still within the scope of controlling the betting threshold.

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Quote from: Oshosondy on July 14, 2022, 06:42:56 PM

Quote from: hyudien on July 14, 2022, 04:12:17 PM

I don't really like calculations using tables to accumulate finances in terms of gambling. Because usually it is often done by people who are too economist in terms of spending. The struggle is still entertainment, and in this case, taking into account every time we lose I believe the defeat is much bigger than what we get.

Individual are different, we are not the same, some people can have a book to calculate their monthly income, how they will spend some and how they will save some, there is nothing bad in that, it can go beyond gambling, just that the amount of money that will be allocated on gambling will be included also also among. As for me, I am not like that though, but having this kind of calculations can help in managing finances.

Threshold could really be different and as mentioned that we are on different situations in terms of those things around or simply capacity or capability in terms of finances.
Some does have a high paying job and some do only earn basic wage which is only good for day to day living which means spending on other means or leisure wont really be prioritize
or something like that. Losses could not be always in mean with gambling but also in expenses as well which is really just a typical stuff.The important thing on here is that someone do knows
on how to control their finances so that they wont really be ending up on having a big problem afterwards when everything turns out to be inevitable or unavoidable.

Oshosondy

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Quote from: hyudien on July 14, 2022, 04:12:17 PM

I don't really like calculations using tables to accumulate finances in terms of gambling. Because usually it is often done by people who are too economist in terms of spending. The struggle is still entertainment, and in this case, taking into account every time we lose I believe the defeat is much bigger than what we get.

Individual are different, we are not the same, some people can have a book to calculate their monthly income, how they will spend some and how they will save some, there is nothing bad in that, it can go beyond gambling, just that the amount of money that will be allocated on gambling will be included also also among. As for me, I am not like that though, but having this kind of calculations can help in managing finances.

goinmerry

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Quote from: hyudien on July 14, 2022, 04:12:17 PM

I don't really like calculations using tables to accumulate finances in terms of gambling. Because usually it is often done by people who are too economist in terms of spending. The struggle is still entertainment, and in this case, taking into account every time we lose I believe the defeat is much bigger than what we get. Certainly not too free to bet. But your advice is indeed effective for them in terms of controlling finances.

Same here. I know others are recording everything but for me using Excel, notes, or sheets to record our winning and losing is not even my option.

Don't get me wrong here and I'm not saying it's a bad thing. It's just that, it's something a hassle thing for me to do and it won't make me a better gambler in general. As long as I am able to control my threshold in every of my betting session, be it on sports betting or slot games, I can manage my bankroll and finance properly. That's what matters here.

Besides, if there's a time that I need to look at my betting stats, history of winnings, and losing, that should be all recorded on our gambling site by default.

hyudien

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Quote from: erep on July 13, 2022, 03:26:18 PM

Quote from: hyudien on July 13, 2022, 12:23:33 PM

I don't really remember exactly what the threshold for the number of losses was, but when it comes to winnings, maybe I can still count them. In terms of gambling I really enjoy the process, I mean non-addiction makes me feel more comfortable and at ease without worrying about having to lose more.

Actually you have to create a data table (excel) that the allocation of money has been used for the threshold in gambling, it will be easier to calculate the winnings based on the amount of money that has been deposited into gambling, if you don't have a table yet, you can take data from the deposit history and add the winning column from gambling then you will know the actual win/loss results so far.

I don't really like calculations using tables to accumulate finances in terms of gambling. Because usually it is often done by people who are too economist in terms of spending. The struggle is still entertainment, and in this case, taking into account every time we lose I believe the defeat is much bigger than what we get. Certainly not too free to bet. But your advice is indeed effective for them in terms of controlling finances.

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Quote from: maydna on July 14, 2022, 12:10:39 PM

Quote from: Maslate on July 14, 2022, 10:02:17 AM

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?

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.

I still often feel undisciplined following the rules I have made myself because of the temptation of gambling which causes me to deposit money again when I lose. But I was lucky I didn't spend the second deposit that day because my conscious mind could still remind me that it was enough, and I had to stop immediately. I realize it's very difficult to stay disciplined with the rules we make, and it takes time always to be able to stay disciplined.

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.

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I don't really know how to answer the question about the threshold of loss in gambling, for example, I'm unlucky in gambling and I realized this for myself a long time ago, so this is really an individual concept, for professional players it should be fundamental, but I play with what I don't mind losing.

Slow death

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well in my case I do the following:

I deposit an amount X and I play with that amount X, sometimes I manage to make a profit and then withdraw the profit and continue playing with the amount X, in case I lose all the amount X that I deposited? I stop playing for a while, I give it some time to think about where I went wrong and then I deposit another amount X and continue playing, and I repeat the same process: whenever I have some profit I withdraw and whenever I lose all the X money I deposited I stop for awhile to see where I went wrong that made me lose all the money I deposited and then I deposit again

I follow this cycle and I don't change

maydna

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Quote from: Maslate on July 14, 2022, 10:02:17 AM

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?

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.

I still often feel undisciplined following the rules I have made myself because of the temptation of gambling which causes me to deposit money again when I lose. But I was lucky I didn't spend the second deposit that day because my conscious mind could still remind me that it was enough, and I had to stop immediately. I realize it's very difficult to stay disciplined with the rules we make, and it takes time always to be able to stay disciplined.

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Quote from: Maslate on July 14, 2022, 10:02:17 AM

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?

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.

I've been aggressive when my losses as well. I used to bet more whenever I lost but still ended up losing more. I learned that it's important that we manage to control our greed and emotions when gambling. Sometimes, pausing or stopping for a while to rest and relax will be a big help rather than betting continuously without having the right mindset.

Hamza2424

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Loss goes on with the life but the loss in gambling is more Critical in the crypto market as gambling means the way to Lose or Win here is your luck which is always bad but pretty decent sometimes so accept the loss as the experience of life to lwarn something

Maslate

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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?

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.

salad daging

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Quote from: romero121 on July 14, 2022, 01:11:12 AM

I was not a big gambler, but at some situation I was forced to gamble. I started with a long term holding amount. It got lost and I had kept aside small fund believing in the growth of ethereum. By then it was just 5-10 ethereum. Started to play and within a days time I made it 100 ethereum. The same day within few seconds I lost everything. I was completely down for the next few weeks. It happened back in 2017. If I had kept what I kept aside I would've been free. Even after years if think of the incident, I feel bad and I wasn't able to make even a single ethereum further.

Ethereum peak rose at the end of 2017 which has reached $750 more but I can't imagine 2017 you lost 100 ETH in an instant it certainly leaves bitter memories that will never be forgotten, but it's not really your luck so you have to spend more, now maybe it's not it will happen again but big wins in gambling like 2017 are difficult to repeat again, the only thing is that you have to be able to collect more, although now it is different but collecting Ethereum in gambling is very difficult.

KTChampions

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Quote from: romero121 on July 14, 2022, 01:11:12 AM

I was not a big gambler, but at some situation I was forced to gamble. I started with a long term holding amount. It got lost and I had kept aside small fund believing in the growth of ethereum. By then it was just 5-10 ethereum. Started to play and within a days time I made it 100 ethereum. The same day within few seconds I lost everything. I was completely down for the next few weeks. It happened back in 2017. If I had kept what I kept aside I would've been free. Even after years if think of the incident, I feel bad and I wasn't able to make even a single ethereum further.

Sad story. Judging by the one-time loss, you used Martingale and met with a long unfortunate series of results? By the way, in this situation, the problem is not even gambling. In those years, many people had different cryptocurrencies and sold and bought them. Those who sold found themselves in an orge loser than those who bought and held them until the next bull cycle.

robelneo

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

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?

You still have your sanity in gambling when you still think of your threshold loss, people should have and define the line of the boundary where you need to stop, when you cannot define and hold on to that line then you are on the brink of losing your control, you must always remember where your threshold loss and hold on to it, even there is a temptation to keep, and that temptation is when you are having a stroke of good lucks.

Topic: Threshold of Loss in Gambling - page 7. (Read 1953 times)