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Topic: You have to prove that you can take the loss - page 8. (Read 1632 times)

plr
member
Activity: 1162
Merit: 24
Gamblers from UK are the one who should worry because this report is coming out from UK OP did not mentioned in his article whose government implemented this rule, gamblers operator should worry too because they will have less profit and many will not play frequently than they used to be, UK people are to much into gambling that the government have to intervene, and this is not a good intervention.
sr. member
Activity: 1162
Merit: 450
...Addiction is the biggest enemy here...

No, it is not addiction, it is ourselves. Humans are natural sinners and greed is just a part of us. The biggest enemy here is ourselves, how we will be able to stop those losses, how to stop betting when we don't need to bet anymore, to decide correctly. If we will be able to control ourselves we don't need this cap to stop us from gambling, we can do that ourselves.

Yeah that what he is referring to, that because of addiction, someone might find it really hard to be well disciplined on managing our money.
Greed and addiction correlates with each other, and they can make you to lose money and eventually yourself.
So we must keep plans healthy when we are gambling and we must avoid being addicted where we cannot control ourselves anymore.
sr. member
Activity: 1638
Merit: 300
Why do you have to prove that you can take losses and whom you have to prove it?. Most people will get hurt if he/she lose so much money unless you are a billionaire. That is why self-control is very important to those who gamble to avoid gambling addiction or worse than gambling addiction.

Based on the article, if you want to gamble more than 100 euro, you will be subjected to a strict affordability check by an independent gambling ombudsman. This is also proposed since there are a lot of stories in the UK about problems including gambling. It may be easy for us that we can control ourselves but it is not the same for other people. It is a mental problem, that is why they are having these solutions.
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
Why do you have to prove that you can take losses and whom you have to prove it?. Most people will get hurt if he/she lose so much money unless you are a billionaire. That is why self-control is very important to those who gamble to avoid gambling addiction or worse than gambling addiction.

Every gambler should already be aware that losing is also a big possibility in gambling so they should "technically" should have already the proper mental conditioning if ever they lose all their money in a gamble. Problem is that not everybody has that mentality and that they are going to a casino or gambling house only to win. That is not a good mentality if you ask me. They should bring only the money that they can accept to lose so as not to have any depression or mental issues that will be raised if ever he loses.
hero member
Activity: 2268
Merit: 669
Bitcoin Casino Est. 2013
Why do you have to prove that you can take losses and whom you have to prove it?. Most people will get hurt if he/she lose so much money unless you are a billionaire. That is why self-control is very important to those who gamble to avoid gambling addiction or worse than gambling addiction.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
Eventually he can handled it, he can be used to it, he needed to know that in gambling there is always a higher risk that is needed to take, we can never always win in every game that we put our money, there will be times that we will lose the amount we invest sometimes, and maybe sometimes a lose streak will come, but we need to learn and endure the every setbacks in our game, have your emotion be stable as always.

I think  that is exactly why these restrictions are in place to see if we gamblers are actually able to handle these losses. Controlling emotions is one of the hardest things ever, especially after a losing streak. For me personally it's very hard to stop after having bad beats. Because my brain keeps trying to find patterns where are none and wants me to keep trying to earn back my losses. I think every gambler will be at the mercy of his emotions a couple of times in his career. We are no robots afterall.
well that's why that's the reason why gambling establishments have to declare that the age must be over 18 years of age and over because only adults who are adults will be easy to control their emotions, while for people who are not yet mature or still under 18 years of age it will be difficult to control. his emotions when he loses.
hero member
Activity: 3052
Merit: 685
I think although this might sound like a good move from the part of the government that wants to regulate people to have as much less loss as possible and save them from gambling addiction, I don't think it's good to invade into people's privacy and command them what to do and what not to do with their hard earned money!

You got the point mate, it's about privacy and with this new rule in this specific country, I would not be surprise if gamblers will find crypto casinos as the best alternative to gamble, here, they can gamble as much as they want and they can keep that privacy on them.

Quote
If a person wanna gamble with their entire years salary, the government shouldn't have any say or order on it. They can advise although.

That's my money, my rule, this is the rule we like.

Hope our government will not follow the same law as gambling addiction is also high in our country.
full member
Activity: 1022
Merit: 133
I think although this might sound like a good move from the part of the government that wants to regulate people to have as much less loss as possible and save them from gambling addiction, I don't think it's good to invade into people's privacy and command them what to do and what not to do with their hard earned money! If a person wanna gamble with their entire years salary, the government shouldn't have any say or order on it. They can advise although.
hero member
Activity: 1974
Merit: 534
Eventually he can handled it, he can be used to it, he needed to know that in gambling there is always a higher risk that is needed to take, we can never always win in every game that we put our money, there will be times that we will lose the amount we invest sometimes, and maybe sometimes a lose streak will come, but we need to learn and endure the every setbacks in our game, have your emotion be stable as always.

I think  that is exactly why these restrictions are in place to see if we gamblers are actually able to handle these losses. Controlling emotions is one of the hardest things ever, especially after a losing streak. For me personally it's very hard to stop after having bad beats. Because my brain keeps trying to find patterns where are none and wants me to keep trying to earn back my losses. I think every gambler will be at the mercy of his emotions a couple of times in his career. We are no robots afterall.
hero member
Activity: 1190
Merit: 568
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Most old-time gamblers are good at controlling and faking their emotion I don't think it will be an issue at all it's the newbies that will have a hard time proving if they can take a loss, because while you are learning how to gamble you'll also become good at concealing your real emotion
so it will be no problem for old gamblers.

I agree, the more experience you have with gambling the better you can handle your emotions. I have been gambling for a long time in physical casinos but only with a small bankroll, I got used to having bad beats where the luck just runs against you. It's always great to gamble in a biggger group so you see all kind of reactions.

In the end these kind of protections are mostly for the new gamblers, I think the chances of becoming hooked on gambling is especially high when you are new to all the games.
Eventually he can handled it, he can be used to it, he needed to know that in gambling there is always a higher risk that is needed to take, we can never always win in every game that we put our money, there will be times that we will lose the amount we invest sometimes, and maybe sometimes a lose streak will come, but we need to learn and endure the every setbacks in our game, have your emotion be stable as always.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
Stupid law to be honest. I know people are saying that they are "protecting" their citizen, but in fact it looks like they are trying to control their citizen. Why would an adult person would need the confirmation of the government  to gamble? If a person doesn't have money or can't afford to gamble, though he still wants to, but then being stopped by the government might feel really shitty. Instead of taking proper steps to help the unemployed or people in need, they are taking absurd steps like this which shows how incompetent the government is.

I agree. For adult people in their right mind this law is a violation of their individual liberties. I think it can be applied to sick people, or the so called "addicted gamblers" (maybe it even should be applied to them), but sane adults should have the right to do whatever they want with their money. Even risking all of it at once should not be prohibited in a free society.

I might agree with such opinion but how would you determine and check addicted gamblers? Do they have some medicine documentation about that addiction? I don't think so, most of them doesn't even know they have a problem. Also, who could monitor such limited implemtation of law? I'm not saying this law is the ideal solution but exceptions would be really hard to determine and performe.

In the vast majority of cases, gambling addiction isn't something that arises out of thin air. Current, or potential, gambling addicts often suffer from other mental illnesses, such as obsessive compulsive disorder (OCD), post-traumatic stress disorder(PTSD), bipolar disorder, and depression. Most of them do have some medical records, and at least for those people gambling should be prohibited until they recover. And it's not like - these people can gamble, and those can not. All of us suffer from depression or some kind of a stress once in a while. And we shouldn't gamble during those times.
sr. member
Activity: 952
Merit: 274
...Addiction is the biggest enemy here...

No, it is not addiction, it is ourselves. Humans are natural sinners and greed is just a part of us. The biggest enemy here is ourselves, how we will be able to stop those losses, how to stop betting when we don't need to bet anymore, to decide correctly. If we will be able to control ourselves we don't need this cap to stop us from gambling, we can do that ourselves.
With simple awareness, you can know if you are in right mindset where if you are thinking right and good. Greed is part of human nature but we can control it if we have discipline. Actually self discipline is one of the hardest human achievement because it requires commitment after all. A gambler should know when to start and when to stop or to backout. Discipline can also include the money that you are only wanting to risk and spend in order to avoid to lose more money.
sr. member
Activity: 1638
Merit: 300
...Addiction is the biggest enemy here...

No, it is not addiction, it is ourselves. Humans are natural sinners and greed is just a part of us. The biggest enemy here is ourselves, how we will be able to stop those losses, how to stop betting when we don't need to bet anymore, to decide correctly. If we will be able to control ourselves we don't need this cap to stop us from gambling, we can do that ourselves.
legendary
Activity: 1778
Merit: 1009
Degen in the Space
Most old-time gamblers are good at controlling and faking their emotion I don't think it will be an issue at all it's the newbies that will have a hard time proving if they can take a loss, because while you are learning how to gamble you'll also become good at concealing your real emotion
so it will be no problem for old gamblers.

I agree, the more experience you have with gambling the better you can handle your emotions. I have been gambling for a long time in physical casinos but only with a small bankroll, I got used to having bad beats where the luck just runs against you. It's always great to gamble in a biggger group so you see all kind of reactions.

In the end these kind of protections are mostly for the new gamblers, I think the chances of becoming hooked on gambling is especially high when you are new to all the games.
It's true because sometimes you do not worry about that money that you lost, if you lost it's fine because it's just a game at the end of the day. You don't need to get anger on a gambling game, it'll just stress you out and will just ruin your mindset on playing the game.

The first game of gambling is just like sipping the first alcohol of emotions, you'll not know to do but once you can handle things and overridden, it means that you have a lot of experience on gambling.

I've read a lot about the relationship between gambling and emotion, try to read more here: https://www.gamblingsites.com/blog/weird-relationship-between-gambling-emotion/
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
Most old-time gamblers are good at controlling and faking their emotion I don't think it will be an issue at all it's the newbies that will have a hard time proving if they can take a loss, because while you are learning how to gamble you'll also become good at concealing your real emotion
so it will be no problem for old gamblers.
If faking an emotion is essential and will good for the gambler, he has to do it so that he can't take further losses.

But most experienced gamblers have that ability because they know how to take the situation correctly and lightly. As with the newbies, they can't take losses and it's hard for them to accept their losses which triggers them to get into more losses.
sr. member
Activity: 1918
Merit: 370
Most old-time gamblers are good at controlling and faking their emotion I don't think it will be an issue at all it's the newbies that will have a hard time proving if they can take a loss, because while you are learning how to gamble you'll also become good at concealing your real emotion
so it will be no problem for old gamblers.

Newbies will have problems unless they are quite rich already and does not matter to them even if they lose out some money in gambling. For the old gamblers, ones who can have a good self-control those will be fine, but ones like who are sort of an addicted and hardly can stay away might still face some issue due to this notice.
Newbie or not as long as you know how to manage your money and discipline yourself you will not lose that hard in gambling, in most cases newbies win on their first try. I always advice to minimize the losses and prevent being addict and greedy is learning when to put a bet, analyzing first the game, studying the past results will give you a better position in present. Addiction is the biggest enemy here, coz once you lost you always want it back as soon as possible and tends to become addict rather than wanting to regain the losses which has a negative effects not only in financial but in some aspect of mental being.
hero member
Activity: 2968
Merit: 687
Most old-time gamblers are good at controlling and faking their emotion I don't think it will be an issue at all it's the newbies that will have a hard time proving if they can take a loss, because while you are learning how to gamble you'll also become good at concealing your real emotion
so it will be no problem for old gamblers.

Newbies will have problems unless they are quite rich already and does not matter to them even if they lose out some money in gambling. For the old gamblers, ones who can have a good self-control those will be fine, but ones like who are sort of an addicted and hardly can stay away might still face some issue due to this notice.


newbie or not as long you will never put all your money into gambling and know how to control your self when you are in loosing streak it doesn't matter  . Self control is needed before you start playing in any gambling casino  website learn not to be greedy when you are at lost or win .

Control is already enough, it will ease everything and you'll be able to limit your gambling expenditures.
It's a sad word right? because we are gambling to win, not to lose but the government knows that we will still lose regardless of how positive we are, so they are making a law to minimize our loses but this law is quite complicated which making your private financial matters public to them.

We dont know if its just really a cover up and trying to pretend that they do care for its citizens but they are actually just trying to know your financial capability?

Who knows the possibility but to know on what government do likes is that they do want to know everything so its likely that this is on high chances for possible reason.

100 euro for a month? even how small time gambler you are, you will surely spent up this money for a day or a couple.Setting up this kind of law is just
really too short or doesnt make any sense.
sr. member
Activity: 2030
Merit: 269


But they are allocating a small amount that even a small gambler like me wouldn't be accepting. The cap that they are talking about is so small and we are talking about monthly here. I am glad that this is just for UK but still, it doesn't mean that we can't control or we can't allocate the money we are gambling despite the cap being low. We can control ourselves and we can afford those losses.

UK Do not have a liberal stance when it comes to gambling I don't think many countries will adopt this, gambling casinos are government cash cow because of the huge amount of tax they are paying if they do that they will limit the taxes they are going to receive to these casinos, they will let it and they will just issue warning but not to the point that they will ask for explanation.
hero member
Activity: 2982
Merit: 610
Most old-time gamblers are good at controlling and faking their emotion I don't think it will be an issue at all it's the newbies that will have a hard time proving if they can take a loss, because while you are learning how to gamble you'll also become good at concealing your real emotion
so it will be no problem for old gamblers.

Newbies will have problems unless they are quite rich already and does not matter to them even if they lose out some money in gambling. For the old gamblers, ones who can have a good self-control those will be fine, but ones like who are sort of an addicted and hardly can stay away might still face some issue due to this notice.


newbie or not as long you will never put all your money into gambling and know how to control your self when you are in loosing streak it doesn't matter  . Self control is needed before you start playing in any gambling casino  website learn not to be greedy when you are at lost or win .

Control is already enough, it will ease everything and you'll be able to limit your gambling expenditures.
It's a sad word right? because we are gambling to win, not to lose but the government knows that we will still lose regardless of how positive we are, so they are making a law to minimize our loses but this law is quite complicated which making your private financial matters public to them.
sr. member
Activity: 1036
Merit: 329
Most old-time gamblers are good at controlling and faking their emotion I don't think it will be an issue at all it's the newbies that will have a hard time proving if they can take a loss, because while you are learning how to gamble you'll also become good at concealing your real emotion
so it will be no problem for old gamblers.

Newbies will have problems unless they are quite rich already and does not matter to them even if they lose out some money in gambling. For the old gamblers, ones who can have a good self-control those will be fine, but ones like who are sort of an addicted and hardly can stay away might still face some issue due to this notice.


newbie or not as long you will never put all your money into gambling and know how to control your self when you are in loosing streak it doesn't matter  . Self control is needed before you start playing in any gambling casino  website learn not to be greedy when you are at lost or win .
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