When betting becomes to high - page 11.

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

I sympathize with you and wish you to get out of this situation as soon as possible. There is another point of view that helps to be optimistic: I know that many people who take out a loan (mostly a mortgage) find themselves in a situation of lack of money and this changes their mind set. This makes them think about additional sources of income and as a result they become more active and either start a successful career or business.

It's all about the mindset, really.

Most people are afraid to take a leap of faith because they have hard-wired their brain to think that all they can ever achieve is their current state, and that they do not have anything further to achieve. Those who take out loans and establish businesses are the ones who are successful because they have a clear path that they want to walk on, no matter how rough the road is. Well there are also daredevils that take out a loan and bet it on gambling, and you know what happens next to these guys Cheesy

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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.

virasisog

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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.

Mortgages could be a good motivation to strive harder and to earn bigger. It might take a long time before you finish and clear things out but you'll feel relieved as you see the fruit of your labor. It's better if we're putting our hard-earned money on investments and assets so we'll know where our funds usually go. If we'll be more responsible in managing our finances, we could have more assets and liabilities.

CryptoHeadlineNews

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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?

And on the contrary, that's what we could call the point of addiction zone, and by that, I mean fully knowing you have got to a gambling stage whereby it's difficult to give up even when it's costing you using money budgeted for a different item. Because at this stage, it's very easy to control with all matter of seriousness and discipline, as I was once in this shoe years back while playing cards then in college, of which I lost the 1st round, 2nd and 3rd, and had to borrowed money with the sole aim of winning to repay back but unfortunately lost again, and that was when my eyes got opened, because in such cases you will never realise yourself until you are fully broke, which is why i will always advise people to know when to stop while gambling, because this is not a good experience anyone should go through

madnessteat

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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.

Boristhecat

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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. 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.

I sympathize with you and wish you to get out of this situation as soon as possible. There is another point of view that helps to be optimistic: I know that many people who take out a loan (mostly a mortgage) find themselves in a situation of lack of money and this changes their mind set. This makes them think about additional sources of income and as a result they become more active and either start a successful career or business.

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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.

have experienced this many times before , I remember when I was working at construction site that we and many co workers tries to gamble our weekly pays , I mostly gamble them all and losses , going home with nothing and my wife is so angry that almost leave me for good.

but now that we are mature enough about gambling? never that i exceeded from my limits in which allocated by my wife at least weekly .

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Quote from: STT on September 18, 2022, 05:46:31 PM

Simple answer to the problem is dont transfer money required for bills into the crypto you will be gambling, if its not there it cant be used up. The ideal strategy is one you eliminate the worst odds, dont risk money that cannot be lost or it stops being a game and its really not fun at that point.

That is definitely the best solution but unfortunately the people who are used to gambling cannot stay that long without gambling and thus they deposit money that are supposed to pay other things with the thinking that they will win money this time and then they will withdraw the initial amount.Unfortunately this gets you like a spiral down completely and you get into a really bad situation.However I have seen people that when they have lost a huge amount of money and saw that they are risking their family life they immediately found the will to quit and I admire such persons.

Ondekinecakabilirim

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I always manage to limit myself. Because I know why I gamble. I'm looking for enough dopamine to make me forget about work stress and other trivial little things. That's all. I don't want too much and I know what I want. That's why I always manage to limit myself. I never gamble with borrowed money. If I want to play a lot of games, I split my budget into smaller amounts and play more games. But I definitely don't push my limits.

Ask yourself why you gamble. Give an honest answer to your own question. Redesign your behavior and habits based on your answer. If you gain awareness, you will not exceed your limits.

n0ne

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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. 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.

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It's been four days since the author created this thread, but he hasn't commented on it. It would be interesting if he could eventually say whether it was just a one-off thing that he was able to control. In my case it has happened to me sometimes to stay betting longer than expected but nothing serious. Better to be alert because you never know if you can make a big hole in your finances by getting carried away without stopping in time.

AicecreaME

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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 haven't experienced it yet, thankfully. But I know some people who were so hooked about a particular betting game or game in general to the point that it consumed most of his time and even money. It was really confusing at first because you'll really wonder why some people choose to spend their money over something that they don't really need and not worthwhile in your perspective. But I got to understand them the moment a close friend opened up about why he spends so much over a video game accessory. This was because it was his joy and he experiences satisfaction whenever he buy something and even bet related to that online video game.

He said it was addicting to the point that he don't notice his accumulated expenses during those times he was so hooked with it. He is just lucky that he managed to see his bad behaviors along the way such as overspending before he even got too much addicted and dependent on it. You can easily fall into the cycle of continuous playing and betting, however, it is hard to break the chain once you are on it.

Jatiluhung

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I've experienced what the OP did. Initially I was a typical person who was good at managing my finances even in gambling. but one time i had a winning streak and got a high return. I don't know what got into me and in the end I risked it all. and I said that if one more time I win this bet then I will stop for some time. but it turns out I lost the bet.
I regret that action. and I stopped betting beyond my limits. but after some time i did it again. but this time I lost the bet. and I implemented a compensation strategy. where I double my bet so that when I win my lost capital can come back in one win. That's where I lost even more money.
It's hard to break this habit of mine. but now I can control myself more. now I bet properly. and somehow now I'm luckier.

aioc

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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.

Knowing your limitation is always the key and awareness that we are over our limit is very important, the bottom line is to control you may go over your limit this is understandable, but it should not be too frequent, if it is very frequent you will cross the line of your limitation and you will find yourself hooked in gambling because the dopamine effect is already high that it's very hard to bring down that level, one or two times in a month is the safe level of going over the limit.

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Quote from: STT on September 18, 2022, 05:46:31 PM

Simple answer to the problem is dont transfer money required for bills into the crypto you will be gambling, if its not there it cant be used up. The ideal strategy is one you eliminate the worst odds, dont risk money that cannot be lost or it stops being a game and its really not fun at that point.

The sad truth is this happens for real. Those gamblers that have been itching with their hands can't stop it because all they want to do is to gamble.
Even the money is for the bills or anything that has been allocated for, they don't mind it and they'll just push for the satisfaction or thought that it might grow.

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Quote from: STT on September 18, 2022, 05:46:31 PM

Simple answer to the problem is dont transfer money required for bills into the crypto you will be gambling, if its not there it cant be used up. The ideal strategy is one you eliminate the worst odds, dont risk money that cannot be lost or it stops being a game and its really not fun at that point.

This is reality on which if ever you do plan on playing out on a certain budget then you should stick into that and its true that the amount should be converted into crypto form is just enough on that
certain gambling sessions and never intend to convert those left amounts or simply with those fiat been reserved to be paid up on the bills and as long you do have that kind of control then you wont
really be putting up yourself into some gambling problems specially with finances.Betting comes to high when you are already spending up money which arent intended for that thing.
Always remind yourself or in control that you do have need to allocate or left something for your bill,savings and some sort of investment.

STT

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Simple answer to the problem is dont transfer money required for bills into the crypto you will be gambling, if its not there it cant be used up. The ideal strategy is one you eliminate the worst odds, dont risk money that cannot be lost or it stops being a game and its really not fun at that point.

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Quote from: Viscore on September 18, 2022, 03:54:05 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.

Being a long term gambler, of course I had experienced betting more than my allocated amount and the effect is definitely bad. I ended up wasting my time and money. But honestly, after that certain event, I realized that gambling more than your budget will never bring any good at all. Gambling is good, but as soon as you see yourself being closely attached to gambling that it’s hard for you to stop from doing it anymore, then start taking steps or ask help to stay away from gambling or refrain from gambling.

It is a good thing that many of us realized this kind of thing and enable us to stop ourselves from dragging this kind of event from happening for too long. If this kind of activity, (betting beyond our bankroll) continues, we don't know what trouble we might face like underperforming in our jobs and tasks since gambling is already eating the majority of our 24 hours every day. Gambling certainly ends in a loss often times so there will be a financial problem waiting for us if we had not changed our habit of betting more than what we can afford to lose.

So if we do not stop on time we might find ourselves with no jobs and no money and the worst thing, getting trapped in chasing losses. So it is a good thing to stop and take a break for a while when we noticed that we are getting too hooked to the point that we cannot control our time and ourselves.

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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.

Being a long term gambler, of course I had experienced betting more than my allocated amount and the effect is definitely bad. I ended up wasting my time and money. But honestly, after that certain event, I realized that gambling more than your budget will never bring any good at all. Gambling is good, but as soon as you see yourself being closely attached to gambling that it’s hard for you to stop from doing it anymore, then start taking steps or ask help to stay away from gambling or refrain from gambling.

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Quote from: BobK71 on September 18, 2022, 02:33:33 AM

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.

It can be said that at once a time i was very addicted to gambling. And at that time my betting style was reckless. Where I lost a lot money. I have crossed my financial limitation and got upset there too. But gradually when I realized my mistakes I was able to bring them under control. Although it took me quite a while to understand it. Today I can say that I am a gambler but not an addicted gambler.

It is possible to gamble responsibly. I'm talking from my own experience here. But you must be consistent and careful at all times. Know what you want to do and how to deal with it. Never cross your financial limitation, or else you will end up in big trouble you could not even imagine. The lesson here is that gambling is not something you can throw yourself into recklessly and expect to come out ahead consistently. Even if you can, the long-term consequences of such an approach may be more severe than you realize. Take care of yourself and the people around you.

Topic: When betting becomes to high - page 11. (Read 3463 times)