Topic: What are the main points of gambling? (Read 1761 times)

Quote from: DaNNy001 on August 04, 2024, 01:46:03 AM

What do you think about this people losses much? Does it mean they don't know the main points of gambling?

I think usually people lose more money in gambling because of their excessive greed. The 3 points you mentioned are wagered, risk and prize they don't realize these 3 points so they may incur extra losses. But we should discuss ways to solve problems rather than discussing problems. What steps do you think can be taken to help people better understand the basics of gambling, I mean the main points of gambling?

If you have into gambling I think you should already know, having a limit is number one, no matter how tempting and enticing the options might be you must always have a limit that you shouldn't exceed no matter what, you can decide not gamble with at least 5 to 10 percent of your income monthly, this would help you minimize your losses..stop chasing your losses, I think this is the most important cause it's the main reason a lot of gamblers lose so much, learning self control when you lose is very important...with these two points you are good to go

It's easy to say but difficult to apply.
We can always tell ourselves to limit our gambling money and stay with the budget but if you keep on losing, there's this temptation that you might hit the lucky roll next time. I've been there a lot of times that's why I can tell it's not easy. Luckily, I got back some of my losses but never had a profit while chasing it.
Well, it's true that we must never chase our losses because it leads to more losses. We must have a plan and we should stick with it. We can always learn to experience but I do hope we have not spent all our money before we are educated on what we are supposed to do.

Any individual who can't control themselves towards gambling, I mean any gambler who keeps losing money instead of them to work on their amount allocated to gambling to reduce much risk and lose they keeps increasing it, this shows the level of their greediness because anyone who is gambling and experiencing too much lost and doesn't control his amount to gamble is getting to addiction phase which could be likely hard to control.

And again, real gambler finds it very hard to quite provided he knows what he is gambling for he could only narrow down their interest to gamble to reduce much addiction and tension due to what they had lost in gambling. Most times they find it very hard to stop gambling because there is this feelings that winning is always by the corner waiting and if they don't gamble it cause unstable heart and lose of concentration.

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Quote from: DarkState on May 09, 2024, 10:15:49 AM

Quote from: leonair on June 16, 2024, 05:11:48 AM

What do you think about this people losses much? Does it mean they don't know the main points of gambling?

I think usually people lose more money in gambling because of their excessive greed. The 3 points you mentioned are wagered, risk and prize they don't realize these 3 points so they may incur extra losses. But we should discuss ways to solve problems rather than discussing problems. What steps do you think can be taken to help people better understand the basics of gambling, I mean the main points of gambling?

If you have into gambling I think you should already know, having a limit is number one, no matter how tempting and enticing the options might be you must always have a limit that you shouldn't exceed no matter what, you can decide not gamble with at least 5 to 10 percent of your income monthly, this would help you minimize your losses..stop chasing your losses, I think this is the most important cause it's the main reason a lot of gamblers lose so much, learning self control when you lose is very important...with these two points you are good to go

It's easy to say but difficult to apply.
We can always tell ourselves to limit our gambling money and stay with the budget but if you keep on losing, there's this temptation that you might hit the lucky roll next time. I've been there a lot of times that's why I can tell it's not easy. Luckily, I got back some of my losses but never had a profit while chasing it.
Well, it's true that we must never chase our losses because it leads to more losses. We must have a plan and we should stick with it. We can always learn to experience but I do hope we have not spent all our money before we are educated on what we are supposed to do.

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Quote from: boty on June 13, 2024, 10:49:55 PM

Not everyone can think of gambling as a place where they look for entertainment and maybe there are some people who can think that of course they will not spend a lot of their money on gambling and they can know when is the right time to gamble and also usually they don't spend too much of their money for gambling of course this would be better, when someone gambles to get money from the gambling they play of course this is not very good because they will be lazy to do work which makes them have financial problems and when they have money of course the first thing all they will do is to gamble.
By limiting the funds that we will use for gambling, of course this will never make us spend a lot of time gambling and this can prevent us from becoming addicted to gambling and also from large losses in gambling.

Mistakes we make while gambling are losing our money for small greeds. Never be greedy while gambling because I have lost gambling many times due to greed. I now understand that gambling should be taken as entertainment. .If someone is thinking of earning money by gambling then maybe he will lose money like me and realize that gambling is very bad. I didn't understand how horrible gambling is at first.

is there really a SMALL GREED? what I do believe is that Greed is attitude and there are no small but completely a
character that makes every gamblers a loser lol .

Try not to become greedy because all you needed to do enjoy gambling and best to not expect so much favoring you.

Quote from: yudi09 on June 14, 2024, 12:41:55 PM

Quote from: HONDACD125 on June 14, 2024, 12:09:36 PM

Quote from: yudi09 on June 14, 2024, 11:59:16 AM

The only thing they complain about is when they experience defeat, whereas they will remain silent with joy when they experience victory. That's a gambler's habit that is no longer strange.

Some people do the opposite, they get so excited when they win something in gambling that they let everyone know about it out of excitement, but then they regret doing that when those they told about their win start asking for money or treats from them, lol. Grin

So, the stories told by such gamblers should not be taken too seriously because it has become their habit. If you are also an active gambler, then you have experienced this without realizing it.
I hope you don't become a gambler with a character who prefers to complain even though you basically know the reasons for gambling before the game is played. Set a limit on the money you will play and know when to take a break.

for me it is best to take gambling seriously , but serious in never to become addicted and never to become
loser forever , gamble with enough capital and allocate enough time.

DaNNy001

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Quote from: DarkState on May 09, 2024, 10:15:49 AM

What do you think about this people losses much? Does it mean they don't know the main points of gambling?

I think usually people lose more money in gambling because of their excessive greed. The 3 points you mentioned are wagered, risk and prize they don't realize these 3 points so they may incur extra losses. But we should discuss ways to solve problems rather than discussing problems. What steps do you think can be taken to help people better understand the basics of gambling, I mean the main points of gambling?

If you have into gambling I think you should already know, having a limit is number one, no matter how tempting and enticing the options might be you must always have a limit that you shouldn't exceed no matter what, you can decide not gamble with at least 5 to 10 percent of your income monthly, this would help you minimize your losses..stop chasing your losses, I think this is the most important cause it's the main reason a lot of gamblers lose so much, learning self control when you lose is very important...with these two points you are good to go

Franctoshi

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Gambling thus requires three elements to be present: consideration
(an amount wagered), risk (chance), and a prize.

I noticed that people now don't actually know their main points of them gambling, some people gamble to earn daily and some people just gamble cause they saw their friends won in gambling. That's how they develop their gambling lifestyle and from their they get addicted to it. I've over heard people complaining about them losses, for me I think they don't know the main points of gambling. What do you think about this people losses much? Does it mean they don't know the main points of gambling?

But sadly, Majority of people are into gambling with the thought of becoming rich overnight, basically gambling with the aim of hitting a jackpot, and so don't consider other things, and they just gamble irresponsibly without disciplined plans or Budgets in place that will help them not to lose excessively because all their focus is now on making the danm money. However, regardless of the fact majority gamble for the money, there are people that gamble for both the money and for the fun.

EarnOnVictor

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Quote from: Nwada001 on July 27, 2024, 12:10:58 PM

They know the main points of gambling, but they are still complaining, because that's human nature. When bad things happen to you, you are complaining. When you make mistakes, you are complaining(well, some people like complaining, other people don't).
Most people have the belief that fortune will return back to them, so they will recover their losses and gain a big profit, that's why they start "chasing the losses". Some people are confident in their luck(even when they keep losing), others aren't that confident in their luck.

I buy most of your ideas but I don't see anything feasible for us to be confident with luck. Once it is luck, it means that we can't control it, we can only pray/hope for it and have some prepared plans to avoid any severe effects if our expectations do not happen as planned. As for those who are always complaining, they are surely selfish because gambling is about losing or winning, and if they win, they will not complain and will collect the money from the pocket of the bookie. But if they lose, they start complaining in one way or another, to the point that they would say the bookie is not sincere.

Didn't they know how the business operates before signing up for it? This is more reason they need to accept it as it is and rather find a way to enjoy it or try their luck in a way that will not be so hurtful even if they lose at times. Also, no one should believe that their losses must be recovered, gamblers should always have neutral minds of If and If not about it, this is the only way desperation will not set in.

Frankolala

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And just so you know , it's not only amateurs that get to be addicted to gambling, even pro gamblers do fall into this because it boarders around a persons character and self-control .

This is very true, but most people believe that being old enough to gamble has given them the advantage of not getting addicted to the game since they have experienced every bit of it and learned strategies that could allow them to avoid getting addicted.

But one thing some people fail to understand is that you can be in control for many years and still lose control if you are not careful enough. It's just human nature; there are things that can easily contribute to our change in behaviour, and gambling is not exempt.

If you have a change of mindset and allowed yourself to be carried away by the game, you can become an addict no matter how long that you have being gambling because it is a game of discipline and discipline means you must do things the right way.

Gambling is for fun and entertainment but when you see it the other way round because of greed, you will not know when you will become addicted due to your own laxity and inability to control yourself.

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Quote from: pusaka on July 29, 2024, 02:51:52 AM

Gambling thus requires three elements to be present: consideration
(an amount wagered), risk (chance), and a prize.

I noticed that people now don't actually know their main points of them gambling, some people gamble to earn daily and some people just gamble cause they saw their friends won in gambling. That's how they develop their gambling lifestyle and from their they get addicted to it. I've over heard people complaining about them losses, for me I think they don't know the main points of gambling. What do you think about this people losses much? Does it mean they don't know the main points of gambling?

The fact that you have talked of new comers to gambling and how they lose money or get hooked to gambling is a pure sign of school boy mistakes... and I think the majority have passed through this and adjust their strategy as the gain experience and employ good risk management system.

Majority you say and not everybody, as far as there are still people in that category of freshers in the game, no amount of awareness is too much so whenever an amateur gets in the game, there is a proper guidance for the person so he learns by information against hitting the rock before adjusting like many of us did, although most beginners overlook directives until they get stuck, but the information stays there as their fallback reference.

Quote

And just so you know , it's not only amateurs that get to be addicted to gambling, even pro gamblers do fall into this because it boarders around a persons character and self-control .

Definitely, sometimes the self-control eludes you upon your wealth of experience in gambling and you only recognize yourself after some mistakes, but the abilty to stop yourself from escalating the mistake and causing a damage to your finances in the process still validates your self-control.

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I've over heard people complaining about them losses, for me I think they don't know the main points of gambling. What do you think about this people losses much? Does it mean they don't know the main points of gambling?

They know the main points of gambling, but they are still complaining, because that's human nature. When bad things happen to you, you are complaining. When you make mistakes, you are complaining(well, some people like complaining, other people don't).
Most people have the belief that fortune will return back to them, so they will recover their losses and gain a big profit, that's why they start "chasing the losses". Some people are confident in their luck(even when they keep losing), others aren't that confident in their luck.

Yes, they actually know what is allowed and not allowed in gambling, but they do not apply it so that it makes them eventually have to feel a lot of losses and complain about something that happened to them. In fact, if we look at it, what they feel is because of their own fault for not being able to commit to implementing something that they should have done very well. Many gamblers are like this, especially those who continue to force themselves to gamble because they think they can get lucky if they continue gambling, both when they lose and when they win. When they lose, the feeling that arises is a feeling of wanting to return the loss, when they win, the feeling that arises is a feeling of greed that makes them continue to gamble and that makes their victory turn into a defeat.

One thing I know that is unstoppable, people complain if bad things happen to them. If an event is not going according to what you had planned then that's when we either blame the event or we just grumble like a kid.
Once we enter gambling, we should already know the high risk that we are taking because if not, then we are not really planning anything which means more losses in the future if we cannot control ourselves.
If $100 is set for gambling a week then stick with it, a budget is an important thing when it comes to spending money because that way we are limiting ourselves and that's also to avoid losing more in the future. Win or lose, we must live with it. There will be frustration because that's inevitable especially when we are losing but we cannot let that get the better of us.

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[/b] What do you think about this people losses much? Does it mean they don't know the main points of gambling?

They know the main points of gambling, but they are still complaining, because that's human nature. When bad things happen to you, you are complaining. When you make mistakes, you are complaining(well, some people like complaining, other people don't).
Most people have the belief that fortune will return back to them, so they will recover their losses and gain a big profit, that's why they start "chasing the losses". Some people are confident in their luck(even when they keep losing), others aren't that confident in their luck.

Actually, they can't complaining abut their losses because that is their responsibilities when they gambling. They should know that gambling can cause them loss the money so they must be careful spends their money. If they can take care of their money, they can lose all of their money without have a big chance to win. It is normal if someone complaining of his lose in gambling but he doesn't have to do that for long. They can lucky in gambling but they don't have to gambling for more often because they must limit their time to gambling and not use too big money. If you can understand what is the main point of gambling, you will not complaining because win and lose will be part of gambling so you only need to take care of yourself from the big lose.

pusaka

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I've over heard people complaining about them losses, for me I think they don't know the main points of gambling. What do you think about this people losses much? Does it mean they don't know the main points of gambling?

They know the main points of gambling, but they are still complaining, because that's human nature. When bad things happen to you, you are complaining. When you make mistakes, you are complaining(well, some people like complaining, other people don't).
Most people have the belief that fortune will return back to them, so they will recover their losses and gain a big profit, that's why they start "chasing the losses". Some people are confident in their luck(even when they keep losing), others aren't that confident in their luck.

Yes, they actually know what is allowed and not allowed in gambling, but they do not apply it so that it makes them eventually have to feel a lot of losses and complain about something that happened to them. In fact, if we look at it, what they feel is because of their own fault for not being able to commit to implementing something that they should have done very well. Many gamblers are like this, especially those who continue to force themselves to gamble because they think they can get lucky if they continue gambling, both when they lose and when they win. When they lose, the feeling that arises is a feeling of wanting to return the loss, when they win, the feeling that arises is a feeling of greed that makes them continue to gamble and that makes their victory turn into a defeat.

davis196

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Gambling thus requires three elements to be present: consideration
(an amount wagered), risk (chance), and a prize.

I noticed that people now don't actually know their main points of them gambling, some people gamble to earn daily and some people just gamble cause they saw their friends won in gambling. That's how they develop their gambling lifestyle and from their they get addicted to it. I've over heard people complaining about them losses, for me I think they don't know the main points of gambling. What do you think about this people losses much? Does it mean they don't know the main points of gambling?

They know the main points of gambling, but they are still complaining, because that's human nature. When bad things happen to you, you are complaining. When you make mistakes, you are complaining(well, some people like complaining, other people don't).
Most people have the belief that fortune will return back to them, so they will recover their losses and gain a big profit, that's why they start "chasing the losses". Some people are confident in their luck(even when they keep losing), others aren't that confident in their luck.

EarnOnVictor

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Gambling thus requires three elements to be present: consideration
(an amount wagered), risk (chance), and a prize.

I noticed that people now don't actually know their main points of them gambling, some people gamble to earn daily and some people just gamble cause they saw their friends won in gambling. That's how they develop their gambling lifestyle and from their they get addicted to it. I've over heard people complaining about them losses, for me I think they don't know the main points of gambling. What do you think about this people losses much? Does it mean they don't know the main points of gambling?

The fact that you have talked of new comers to gambling and how they lose money or get hooked to gambling is a pure sign of school boy mistakes... and I think the majority have passed through this and adjust their strategy as the gain experience and employ good risk management system.

And just so you know , it's not only amateurs that get to be addicted to gambling, even pro gamblers do fall into this because it boarders around a persons character and self-control .

Despite all these challenges and bad news about gambling, an increased number of gamblers has been recorded for years, this could be for many reasons which will not end so soon, but that is not where I am going. We may complain from now till tomorrow, but nothing we change, it is the solution or the avoidance of the issue from happening in the place that matters to me. Let's look at it this way, despite this bad news and habits in gambling, some people still gamble responsibly and do not have the bitter experience about it.

That could only mean that there are things they do rightly that those who are victims of gambling are doing wrongly, which is why those victims need to retrace their steps to avoid issues for themselves. Gambling on its own is not harmful, otherwise, everyone will have the same bitter experience about it, it's those who are being affected who need to caution themselves on what they do wrong and be proactive in their skills, portfolio and psychological management.

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Quote from: Oshosondy on May 09, 2024, 09:12:32 AM

What do you think about this people losses much? Does it mean they don't know the main points of gambling?

I consider gambling as a fun activity for people to enjoy with moderation, as much as enjoying alcohol or video games, gambling also isn’t a free or cheap activity, the players need always to deposit money and spend it sometimes with any revenue.
The point of gambling shouldn’t be gaining, making extra money or investing, you have to understand that losing on it is more favorable than winning, you also should understand that casinos are a business for the owner to make money from player, not a business to give away money.

Since more than 90% of people always losing against house edge, the casino will stay running, the 10% or so of players that are gaining from gambling, are either capable of withdrawing back their main starting balance or make a profit, and it is why some players keep trying to be on the 10% people but they never succeed.

I_Anime

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The main point of gambling is having fun. If you are gambling for money, stop gambling because gambling will take from you than you will win from gambling.

As part of your point, I see only one to be valid which is consideration (an amount wagered). I call it gambling budget. 1 to 5% of weekly income. 1% of weekly income is the best.

Yeah gambling can't be taken as a means of earning, rather as a means of entertainment. Most people put their money at stake ( money they can afford to lose) , to make things more interesting, this set of people don't normally complain about the amount of money they have loss through gambling because they normally use money they can afford to lose , so rather they win or lose they would still be entertained and they will take any win they endup with as bonus .

While those who sees gambling as a means to earn daily , will normally endup losing their money because they alway neglect the part that in gambling either one win or lose , and most time one normally encounters losses than winning.

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Quote from: Nwada001 on July 27, 2024, 12:10:58 PM

Quote from: Ryu_Ar1 on July 27, 2024, 04:44:24 PM

And just so you know , it's not only amateurs that get to be addicted to gambling, even pro gamblers do fall into this because it boarders around a persons character and self-control .

This is very true, but most people believe that being old enough to gamble has given them the advantage of not getting addicted to the game since they have experienced every bit of it and learned strategies that could allow them to avoid getting addicted.

But one thing some people fail to understand is that you can be in control for many years and still lose control if you are not careful enough. It's just human nature; there are things that can easily contribute to our change in behaviour, and gambling is not exempt.

you correctly noted that self-confident players are more likely to fall into the trap of addiction. If a player does not have discipline, then with a high probability he will get addicted to games and will play constantly because he will be sure that he is a professional or is well versed in the game. I knew such a person, he was sure that he was a pro, but the result was as predictable as possible.

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Quote from: Dewi Aries on July 27, 2024, 12:05:03 PM

Right, I agree with that that true success in gambling does not mean how much you win but how smart you are in keeping yourself and your wallet safe and away from various significant bad possibilities, gambling is a risky game that is not based on any guarantee or certainty, and that is why prioritizing victory is a wrong idea because it is clearly too dangerous.

But indeed most of the gamblers sometimes focus more on winning without looking too much at other things including how seriously we manage finances in gambling because the initial mindset is always the same where gambling will be fun when winning so that the benchmark is only to win not how successful they control themselves so as not to fall too far in gambling that is done.

Even though this is an important thing that must be realized because after all gambling is a condition where our brains and rationality must run well so that we don't get carried away by emotions which actually turn us into addiction in the end.
The mindset and understanding of gambling for some people does need to be reviewed because there are not a few people who always try to make their conditions seem better if they continue to gamble with victory but are unable to maintain activities that keep them from losing which leads to ambition in gambling.

The problem comes as a result of too much positive reflex. We are too eagered to be seeing positivity in our gambling activities without even having a thought of 'what about if the staked games didn't end up with a win?' Many of us just want to be seeing winnings when we should be thinking of both positive result and the negative own. Having such in our brain will make us to think very fast and take less risk because the problem comes from the ideal risks we are ready to take to win such bets. Understanding the distance between the result we want to see and the possibility is what we determine the level of risks and amount ratio we are betting with.

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