When betting becomes to high - page 10.

KTChampions

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Quote from: Cryptmuster on September 21, 2022, 05:46:21 AM

Quote from: Jody.Drummer on September 21, 2022, 05:10:08 AM

I think in this case when people jump into gambling, of course they must be aware that gambling is one thing that will definitely eat up your money, and that is the risk of gambling itself.
We should not be naive in expecting profits from gambling because it is very clear that it is impossible to happen.
Apart from the impact of addiction and other things it is the effect of gambling itself. when they don't want that to happen then don't really set foot in gambling if you're still naive and don't want negative things to come your way.

Why did you decide that it is impossible to make a profit from gambling? When I have time to make a few bets, I play for small money, it won't hurt me if I lose and maybe that's why with small stakes I manage to win more often than I lose. But with big stakes, everything is bad for me and I cannot achieve positive results. Therefore, I treat gambling as entertainment.

You can make a profit on gambling if you own a casino. But the mathematical basis of gambling is such that the player always loses at a distance, haven't you heard anything about this? But you are doing the right thing by evaluating gambling as entertainment - in this case, everything is fair and everyone is happy: the player pays money and receives entertainment in return.

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Quote from: Cryptmuster on September 21, 2022, 05:46:21 AM

Quote from: Jody.Drummer on September 21, 2022, 05:10:08 AM

I think in this case when people jump into gambling, of course they must be aware that gambling is one thing that will definitely eat up your money, and that is the risk of gambling itself.
We should not be naive in expecting profits from gambling because it is very clear that it is impossible to happen.
Apart from the impact of addiction and other things it is the effect of gambling itself. when they don't want that to happen then don't really set foot in gambling if you're still naive and don't want negative things to come your way.

Why did you decide that it is impossible to make a profit from gambling? When I have time to make a few bets, I play for small money, it won't hurt me if I lose and maybe that's why with small stakes I manage to win more often than I lose. But with big stakes, everything is bad for me and I cannot achieve positive results. Therefore, I treat gambling as entertainment.

In this case you know what gambling is for and you do it for entertainment only so that's when the goal is for what to expect more. The advantage here is just a bonus from the entertainment you play.
Indeed there are some of us who make profits there, but that is only a small part of all who gamble and it is a fact that indeed we cannot rely on and hope for profits when we gamble.

Quote from: swogerino on September 21, 2022, 05:19:39 AM

I think people already know that but the urge and the hope that they will hit it big this time is what keeps them coming back.I played a lot a slot machine in FUN mode to collect some data for 1000 spins for example how many bonus rounds I would get and it gave me like 6 which is near 170 spins for a bonus.When I got to play for REAL money though the bonus did not fall for 800 spins so this made me mad and since that day I have realized that you can't win big in gambling and I have not played since then,most events like this would kill everyone dreams and make them quit gambling.

That's a pretty good study but I think for slots there are usually no official calculations and you've already felt it because it seems like an algorithm like this will never be 100 percent correct because we know that slots are one that really only depends on luck, right? round calculation.

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Quote from: Jody.Drummer on September 21, 2022, 05:10:08 AM

I think in this case when people jump into gambling, of course they must be aware that gambling is one thing that will definitely eat up your money, and that is the risk of gambling itself.
We should not be naive in expecting profits from gambling because it is very clear that it is impossible to happen.
Apart from the impact of addiction and other things it is the effect of gambling itself. when they don't want that to happen then don't really set foot in gambling if you're still naive and don't want negative things to come your way.

Why did you decide that it is impossible to make a profit from gambling? When I have time to make a few bets, I play for small money, it won't hurt me if I lose and maybe that's why with small stakes I manage to win more often than I lose. But with big stakes, everything is bad for me and I cannot achieve positive results. Therefore, I treat gambling as entertainment.

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Quote from: nullama on September 21, 2022, 01:36:43 AM

The thing with gambling is that you can lose a lot of money very quickly.

It can be orders of magnitude more expensive than other vices, so it's a good idea to keep it in check at all times.

I think people already know that but the urge and the hope that they will hit it big this time is what keeps them coming back.I played a lot a slot machine in FUN mode to collect some data for 1000 spins for example how many bonus rounds I would get and it gave me like 6 which is near 170 spins for a bonus.When I got to play for REAL money though the bonus did not fall for 800 spins so this made me mad and since that day I have realized that you can't win big in gambling and I have not played since then,most events like this would kill everyone dreams and make them quit gambling.

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Quote from: nullama on September 21, 2022, 01:36:43 AM

The thing with gambling is that you can lose a lot of money very quickly.

It can be orders of magnitude more expensive than other vices, so it's a good idea to keep it in check at all times.

I think in this case when people jump into gambling, of course they must be aware that gambling is one thing that will definitely eat up your money, and that is the risk of gambling itself.
We should not be naive in expecting profits from gambling because it is very clear that it is impossible to happen.
Apart from the impact of addiction and other things it is the effect of gambling itself. when they don't want that to happen then don't really set foot in gambling if you're still naive and don't want negative things to come your way.

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Quote from: nullama on September 21, 2022, 01:36:43 AM

The thing with gambling is that you can lose a lot of money very quickly.

It can be orders of magnitude more expensive than other vices, so it's a good idea to keep it in check at all times.

Yes, it all happens in no time. Particularly with dice it can be experienced often. Just now lost 0.014BTC playing Dice. I don't know why we don't have mindset to stop gambling when we're on the losing side. I started at 0.014BTC and within few rolls it came down to 0.008BTC. By then my mind wasn't ready to accept, but I look for the 0.014BTC and ended with empty wallet.

nullama

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The thing with gambling is that you can lose a lot of money very quickly.

It can be orders of magnitude more expensive than other vices, so it's a good idea to keep it in check at all times.

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Quote from: Rufsilf on September 20, 2022, 06:36:46 PM

If you are a rich person or somewhat financially stable, you don't need to worry about exceeding the limits for at least you are having fun and the pleasure of doing it.

Even if you are rich, if you exceed the limit, it will definitely be affect your financial, especially if it happens often later it will make your wealth decrease and you will start to get addicted.
So far I'm still able to stay at the limit even though it's not an easy thing, especially when I want to achieve several targets.

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Quote from: Yogee on September 15, 2022, 07:52:53 PM

I think every gambler had that experience at some point. It happened to me in my earlier gambling days when I kept on raising my bets to chase a loss. I thought martingale would save the day for me but it got worse. I ended up cutting my regular expenses for the month until the next payroll. It was a hard lesson.

When you are chasing you lose in gambling it will make you to not know how you a are spending money on gambling, it is good when you experience lost for gambling and you forget about the money, and it's also good to have a specific amount of money you that is common ti you for your weekly gambling and daily gambling. Because when you have no plot it in such a way, you will bring be chasing your lose in gambling and you will continue losing money. So the best way is to map a common money that you can't think of if you lose.

When we want to chase up on our previous defeat, it will not be easy because our emotions will increase. At that time, our level of self-control will also decrease and in the end, we will not be able to take care of ourselves and instead get caught up in gambling and forget when. We have to stop. There is a possibility that we will also increase the number of bets because we think that increasing the amount of money we can win will also increase if we win in the next round. And no one will know if we can win in the next round or lose. So forget it if you want to recover your losses. It will never be easy.

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Quote from: Rufsilf on September 20, 2022, 06:36:46 PM

Quote from: paxmao on September 15, 2022, 07:35:32 PM

Have you ever had an experience betting in which you knew that you were going over the limits of you finances and still continued? I have one playing a game, it was absorbing plenty of my time and despite me knowing it, I was kind of hooked on it. It was not a financial problem, but left me wondering how easy is to actually fall into a bad habit and how difficult is to break it.

I'm not and that was because I always put a limit on how much I spent.
But, I see some people just like you ended up overspending, and for some reason;
- financial capabilities
- betting addiction
- no limitation

If you are a rich person or somewhat financially stable, you don't need to worry about exceeding the limits for at least you are having fun and the pleasure of doing it.

Even if you are rich then speaking about limitation or infinite funds is never been possible.You could really be finding yourself sleeping on the streets if you do make that huge losses over a period of time.Yes, it might be

long time before it do happens but when the time comes then you would surely regret which you do put yourself into a condition which it shouldnt happen if you had just that right or good self control.'
Everything which is excessive is never been good even not just speaking with gambling but also in other things as well.

Betting high would already be considered if you are surpassing into your limit and its impossible that you arent aware of that but you had just ignored it.

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Quote from: paxmao on September 15, 2022, 07:35:32 PM

Have you ever had an experience betting in which you knew that you were going over the limits of you finances and still continued? I have one playing a game, it was absorbing plenty of my time and despite me knowing it, I was kind of hooked on it. It was not a financial problem, but left me wondering how easy is to actually fall into a bad habit and how difficult is to break it.

I'm not and that was because I always put a limit on how much I spent.
But, I see some people just like you ended up overspending, and for some reason;
- financial capabilities
- betting addiction
- no limitation

If you are a rich person or somewhat financially stable, you don't need to worry about exceeding the limits for at least you are having fun and the pleasure of doing it.

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Quote from: 348Judah on September 20, 2022, 03:02:18 PM

A responsible gambler should be able to know when it's enough and when to continue gambling especially when loosing becaomes the of the day, a gambker must give notion to himself that luck and expertissm aren't working at the moment and in such time, what's good is just to pause and quit, but due to addiction and lack to self control, some gamblers go ahead to give on themselves the worst experience in gambling without realising, just by stupidity of oneself, such gamblers should never be mistaken to entrust finances with.

Those standards that you've mentioned won't be followed if the gambler is already hooked on it. Just take the example given by the OP, he's no problem with the amount he has spent to gamble and it won't be a way for him to be poor.
But look at the story he's got that he's hooked and didn't noticed it, and that's the reality for most of us. We gamble and forget that we're controlling ourselves when we're already in that situation.

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Quote from: paxmao on September 15, 2022, 07:35:32 PM

Have you ever had an experience betting in which you knew that you were going over the limits of you finances and still continued? I have one playing a game, it was absorbing plenty of my time and despite me knowing it, I was kind of hooked on it. It was not a financial problem, but left me wondering how easy is to actually fall into a bad habit and how difficult is to break it.

Yes, I have had such life situations. It was not an offline game, but in an online casino.

The casino was located on the first floor of a nightclub. In my youth, I loved to visit this nightclub to dance and meet beautiful girls. At the entrance, along with a ticket to a nightclub, all visitors were given a free casino bonus.

This bonus gave the opportunity to make one free bet on roulette. I sometimes used this bonus, but always lost. However, once I won at roulette. This brought me trouble. I became interested in playing roulette and began to win constantly. Over time, I lost interest in dancing and beautiful girls. I was only interested in gambling. In addition, I became addicted to alcohol, as I noticed that in order to win, I need to be in a special altered state of consciousness.

Over time, I began not only to win, but also to lose. I developed a gambling addiction that I had a hard time getting rid of.

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Quote from: paxmao on September 15, 2022, 07:35:32 PM

Have you ever had an experience betting in which you knew that you were going over the limits of you finances and still continued?

A responsible gambler should be able to know when it's enough and when to continue gambling especially when loosing becaomes the of the day, a gambker must give notion to himself that luck and expertissm aren't working at the moment and in such time, what's good is just to pause and quit, but due to addiction and lack to self control, some gamblers go ahead to give on themselves the worst experience in gambling without realising, just by stupidity of oneself, such gamblers should never be mistaken to entrust finances with.

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Quote from: cabron on September 19, 2022, 10:35:25 AM

People have different motivations. While mortgage loans inspire some people to work harder its not a wise decision to pay way higher to a house that they can actually get for half its price.

Staying in parents house while married seem an abussive behavior. It only means this couple has no intention of becoming independent. Not the kind that should be gambling too.

In addition to different motivations, there is also a different worldview about living with parents Wink

More recently, it was considered a sign of a healthy family when a young couple lives with one of their parents because grandparents can help a lot in case of having children. But now it is considered normal when a couple has one child, they are at work all the time, and their child is exposed to the propaganda of blue-haired schizophrenics in kindergarten.

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Quote from: paxmao on September 15, 2022, 07:35:32 PM

Have you ever had an experience betting in which you knew that you were going over the limits of you finances and still continued? I have one playing a game, it was absorbing plenty of my time and despite me knowing it, I was kind of hooked on it. It was not a financial problem, but left me wondering how easy is to actually fall into a bad habit and how difficult is to break it.

a sweet initial win always makes us addicted, the more often we get a win, the greater our guts to place a higher bet value. this has become a habit for those who are so addicted to gambling that it is used as a hobby to entertain themselves because they already know the consequences when they gamble.

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Luckily I have never put myself in this position. As a financial advisor who obviously teaches people about money and proper investing for a living, I'm always hyper sensitive to gambling away too much of my money. Anytime I make a bet, I make sure it's an amount that I am prepared to completely lose. Quite frankly when I make a bet I say goodbye to that money and hope for the best.

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Quote from: Webetcoins on September 20, 2022, 07:54:08 AM

Quote from: n0ne on September 19, 2022, 01:15:19 AM

Maybe I could've lost it somewhere else, if I haven't lost on gambling. This is how I pacify myself when I get into financial stress.

If you didn't lose in gambling, the money can be lost/spend on some things which you can see up untill now ex; a gadget. Isn't that much better?

and in the end the money will still run out for some purposes even though it does not lose in gambling. If losing money in gambling will certainly make us mentally disturbed and will continue to think about it, this will be a psychological burden and will disrupt all activities carried out. But if money is lost or used up due to spending things that are really needed such as gadgets, it is an achievement and there will be no mental burden.
Doing gambling should really be with common sense and do not make greedy bets. how much money will run out in the end.

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Quote from: cabron on September 19, 2022, 10:35:25 AM

Quote from: madnessteat on September 19, 2022, 07:21:44 AM

Quote from: Boristhecat on September 19, 2022, 06:26:33 AM

^

You are absolutely right. Mortgage loans not only make families stronger but also make people think about increasing their income. I personally know several people who have taken out mortgages and made significant strides that they would not likely have made if they had not pursued a better life. I also have acquaintances who have a parent's home and in the last 10 years they have accomplished nothing as they spend their money on useless things.

People have different motivations. While mortgage loans inspire some people to work harder its not a wise decision to pay way higher to a house that they can actually get for half its price.

Staying in parents house while married seem an abussive behavior. It only means this couple has no intention of becoming independent. Not the kind that should be gambling too.

I don't really agree with you. If you don't have money for your own home and have to rent it, a mortgage is a great solution. People who do not have enough motivation are unlikely to decide to do this as well as to improve their lives for the better because of their indecision. Inflation in many countries is currently higher than the official rate, so the overpayment for a mortgage loan is not as high as it seems.

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Quote from: n0ne on September 19, 2022, 01:15:19 AM

I've done that and landed into debt. If I haven't chosen to go beyond my ability, now I couldn't have experienced much of financial stress. Just because of the debt I was in a situation to earn additional to my day job. If not what I earn is enough to have a normal life. Anyhow its all my fate to experience such situation.

I think it's our own fault too and I think we will be aware if where we will land if we keep on betting above our limits. I experience it before where I said to myself that I will only take a loan to pay my bills if ever I lose the last money I have in my wallet but im lucky it didn't end that way but my last game did end up really well. You can say instead that if not because of your debt, you can be able to have an extra income which some of it can be spend in gambling for you to have fun and there is no need for you to touch your main income.

Quote from: n0ne on September 19, 2022, 01:15:19 AM

Maybe I could've lost it somewhere else, if I haven't lost on gambling. This is how I pacify myself when I get into financial stress.

If you didn't lose in gambling, the money can be lost/spend on some things which you can see up untill now ex; a gadget. Isn't that much better?

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