You have to prove that you can take the loss - page 9.

bitcoinisbest

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Quote from: coin-investor on August 14, 2020, 02:21:51 AM

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.

Mauser

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Quote from: coin-investor on August 14, 2020, 02:21:51 AM

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.

coin-investor

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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.

maydna

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Quote from: Wapfika on August 13, 2020, 08:10:10 AM

Quote from: BuNga_cute on August 12, 2020, 05:35:39 PM

I think the government with this regulation wants to control financial citizens, so it is reasonable to overcome gambling addicts.
Like the SEC and IRS government agencies trying to track crypto on the grounds of illegal activities.Even though all these things
are done by the government to control everything. I don't think the money-limiting rules for gambling will be runs well, considering
that people will still spend their money in other ways, if they are addicted. The best solution is to expand the rehabilitation center
for gambling addicts for free.

I wonder how they will implement their limitations when there are tons of casinos around especially online casinos. If they will set limit in depositing, one can try other casino and so on and so on. It will only be possible if they will block websites which I doubt can happen at all. All we need to do is really be responsible in our losses and just accept it or be rehabilitated in a mean time.

I think if the casino implements the limitations on the deposit, that will make their member moves to the other gambling website which don't use that limitation. The gamblers will say that they decide to use any money they have to gamble, and they will complain to the casino if they got that limitation. To use big money or not will be every gambler responsibility, and before a gambler playing gambling games, they should know how much money that they will use. And if somehow, they lose half of all of the capital, they need to stop and get out from the casino to save their money. The casino will only be a place for them to having fun, enjoy the gambling games, and spend the money, and the casino will not be responsible for losing money from the gambler.

Wapfika

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Quote from: BuNga_cute on August 12, 2020, 05:35:39 PM

I think the government with this regulation wants to control financial citizens, so it is reasonable to overcome gambling addicts.
Like the SEC and IRS government agencies trying to track crypto on the grounds of illegal activities.Even though all these things
are done by the government to control everything. I don't think the money-limiting rules for gambling will be runs well, considering
that people will still spend their money in other ways, if they are addicted. The best solution is to expand the rehabilitation center
for gambling addicts for free.

I wonder how they will implement their limitations when there are tons of casinos around especially online casinos. If they will set limit in depositing, one can try other casino and so on and so on. It will only be possible if they will block websites which I doubt can happen at all. All we need to do is really be responsible in our losses and just accept it or be rehabilitated in a mean time.

erikoy

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Quote from: Ronaldcoin2017 on August 13, 2020, 01:07:13 AM

Before we do gambling we must consider the fact that in gambling we cannot really win everytime, there are sometimes loss and we cannot deny it. I believe that if we do gambling we can gain a lot of profit if we have a good luck and if we dont have the luck we can lose our funds or even everything on it. So before we do gambling we also need to take the posible loss, i suggest to make a limit on gambling so that we can take the loss if we loss on it.

Management is one thing that could save in the likes of that problem. Putting not only limitation in betting but also to other aspects like time management. If one had a lot of time to gamble then pretty sure one will be able to get more losses. I agree with you that we cant really win in gambling everytime. I think time management itself will going to suffice in controlling the betting addiction. However in my opinion since OP stated about how to prove that losses is part of gambling then it is very simple to take the loss. Acceptance of everything that has happen and moving on to the next gambling time and then enjoy or have some fun excitement. This is the real essence of gambling.

Quote from: DevilSlayer on August 13, 2020, 04:41:33 AM

There is only two outcomes and it is whether you win or you will incur losses, most of the people who want to make deposit in many online casinos because they are aware ti the potential reward and only few of them understand the risks and it is the reason why majority of them are losing money. When there is money involved, our greed push us where we cannot control out thoughts anymore and we are creating decisions which is really not good. Proper risk management should be master first before a certain gambler invest huge amount of money in a certain online casinos.

Lossing is part of gambling. But it would be a good practice to limit the betting amount in order for one to survive not taking too much of other resources that has been intended for other things like providing the basic needs. In order for one to make a good way to make betting is to make a list of how much money being use to gamble every time as well as the winning money and then see the difference whether you earn or not. And whatever the result with the calculations then you can decide on what to do next.

KTChampions

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Quote from: Wapfika on August 13, 2020, 08:10:10 AM

I wonder how they will implement their limitations when there are tons of casinos around especially online casinos. If they will set limit in depositing, one can try other casino and so on and so on. It will only be possible if they will block websites which I doubt can happen at all. All we need to do is really be responsible in our losses and just accept it or be rehabilitated in a mean time.

You are asking the right questions. That is why, seeing the ineffectiveness of their actions, the government, instead of stopping to make stupid decisions, requires more authority and more control. As a result, everything turns into a totalitarian state where a person must ask permission from an official for even the simplest action.

yazher

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Quote from: Wapfika on August 13, 2020, 08:10:10 AM

I wonder how they will implement their limitations when there are tons of casinos around especially online casinos. If they will set limit in depositing, one can try other casino and so on and so on. It will only be possible if they will block websites which I doubt can happen at all. All we need to do is really be responsible in our losses and just accept it or be rehabilitated in a mean time.

That's why the implementation is set in a whole country whenever someone wants to play, they are need to have this question answered. They need to prove that whatever happened they won't gonna do shitty things like these people did: https://www.dailymail.co.uk/news/article-7902859/How-500-people-kill-year-getting-hooked-gambling.html
The rate is dramatically high, they need to have something prepared to counter this kind of thing. This should be discussed because to kill yourself just by losing in gambling is a kinda dumb way to die. Why not just move on? and start a new life in the other place?

bitbunnny

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Quote from: Betwrong on August 13, 2020, 07:02:21 AM

Quote from: adzino on August 12, 2020, 03:53:14 AM

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.

Betwrong

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Quote from: adzino on August 12, 2020, 03:53:14 AM

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.

ethereumhunter

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Quote from: DevilSlayer on August 13, 2020, 04:41:33 AM

Quote from: Ronaldcoin2017 on August 13, 2020, 01:07:13 AM

Before we do gambling we must consider the fact that in gambling we cannot really win everytime, there are sometimes loss and we cannot deny it. I believe that if we do gambling we can gain a lot of profit if we have a good luck and if we dont have the luck we can lose our funds or even everything on it. So before we do gambling we also need to take the posible loss, i suggest to make a limit on gambling so that we can take the loss if we loss on it.

There is only two outcomes and it is whether you win or you will incur losses, most of the people who want to make deposit in many online casinos because they are aware ti the potential reward and only few of them understand the risks and it is the reason why majority of them are losing money. When there is money involved, our greed push us where we cannot control out thoughts anymore and we are creating decisions which is really not good. Proper risk management should be master first before a certain gambler invest huge amount of money in a certain online casinos.

Greed will come to people who win, and if they can not control themselves, they will not have a chance to save their money instead, they will use the money to play more. We already see that greed makes someone losing all of the money. Even if they want to recover the losses, it will not easy to get them back. But not all gamblers who lose a lot of money will tell others because they will keep that for themselves.

DevilSlayer

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Quote from: Ronaldcoin2017 on August 13, 2020, 01:07:13 AM

Before we do gambling we must consider the fact that in gambling we cannot really win everytime, there are sometimes loss and we cannot deny it. I believe that if we do gambling we can gain a lot of profit if we have a good luck and if we dont have the luck we can lose our funds or even everything on it. So before we do gambling we also need to take the posible loss, i suggest to make a limit on gambling so that we can take the loss if we loss on it.

There is only two outcomes and it is whether you win or you will incur losses, most of the people who want to make deposit in many online casinos because they are aware ti the potential reward and only few of them understand the risks and it is the reason why majority of them are losing money. When there is money involved, our greed push us where we cannot control out thoughts anymore and we are creating decisions which is really not good. Proper risk management should be master first before a certain gambler invest huge amount of money in a certain online casinos.

Ronaldcoin2017

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Before we do gambling we must consider the fact that in gambling we cannot really win everytime, there are sometimes loss and we cannot deny it. I believe that if we do gambling we can gain a lot of profit if we have a good luck and if we dont have the luck we can lose our funds or even everything on it. So before we do gambling we also need to take the posible loss, i suggest to make a limit on gambling so that we can take the loss if we loss on it.

KTChampions

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Quote from: BITCOIN4X on August 09, 2020, 03:48:58 PM

Quote from: KTChampions on August 09, 2020, 03:02:14 PM

As practice shows, government agencies are absolutely indifferent to the effectiveness of their work - so you think about such details, but those who promote such regulation do not. That is why I am in favor of reducing government regulation in all areas (and in gambling too), since it is ineffective.

Of course the government can do it, but they dont want to change the rules they have made. Many rules from all lines of government must be changed, but who cares. People are those who have to comply with government regulation and anyone who violates them will be sanctioned. I would also argue that if thats for the best, reducing the rules might be a socially acceptable solution.

This is the main problem of officials/bureaucracy in any country and system of government: in the end, they are only interested in people needing them. In fact, they are interested in creating problems that can be solved only with their help.

BuNga_cute

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I think the government with this regulation wants to control financial citizens, so it is reasonable to overcome gambling addicts.
Like the SEC and IRS government agencies trying to track crypto on the grounds of illegal activities.Even though all these things
are done by the government to control everything. I don't think the money-limiting rules for gambling will be runs well, considering
that people will still spend their money in other ways, if they are addicted. The best solution is to expand the rehabilitation center
for gambling addicts for free.

South Park

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Quote from: 20kevin20 on August 07, 2020, 04:18:51 PM

Quote from: ?? on ??

Gambling involves money and humans falls for it. People who do not have a good self discipline will end up becoming addicted to ill lose money first if they do not stop at certain level. People think this is sort of free and easy money to make it from gambling and this drives them to gamble and if they lose it then play to recover those lost money. Government in a way doing this to protect such people from it but in the ends, everyone gets covered under such policy.

Those who'll rush in for the bucks will not be stopped by a £100 gambling limit anyway. They'll seek other ways to get rich out of nothing and fall in the said trap instead, so it's going to have the same (or a possibly even worse) outcome. Some people spend a lot of money on alcohol - should we impose a spending limit per month? Doesn't make sense. We should take care of ourselves.

And this shows why trying to impose limits to those people is not a solution at all, on the surface it may seem to be a solution but the people that gamble compulsively or are addicted to it even if they were unable to get around that limit then they would use that money for something else that will have the very same result, and in the process this law will affect the free market and many casinos and jobs will be out of the economy something that we cannot really afford to lose when we are in the middle of an economic crisis caused by the pandemic.

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Quote from: iTradeChips on August 09, 2020, 10:06:07 PM

I think that the regulations and rules that were set in place by many governments are not sufficient enough to prevent gamblers from making drastic actions in their lives, especially to those facing severe depression, anxiety and addiction in gambling and other things related to it. Mental health I think should also be considered as a big loss would definitely affect their capability to interact in the real world. Make laws that would only allow gamblers with a strong mental faculty and just allow those who don't to only play lottery and small town legal gambling that only needs very small bets.

The problem is that gambling isn't really supposed to be legal or tolerated in the first place. A good law would allow people to only bet but not gamble (*bet but don't gamble*). Gambling is taking big risk in bets. It is opposite of safe/responsible bet.
Gambling is irresponsible, unsafe, risky betting.

adzino

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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.

bitcoinisbest

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Quote from: smyslov on August 11, 2020, 11:07:20 PM

You can take a loss if you allocating a portion of your money only, it's hard to take a loss if the money is coming from your savings and you are not comfortable at your losses, so if you want to prove that you can take a loss then you must prove that you allocate money that you are comfortable of losing.

I hope people in this time do not gamble with savings because future for many would be uncertain as I fear that some of the industries might shut down, jobs cuts are already happening and will continue to happen as well. The economy is not doing well and require magic to happen to bring it back to the state where we were before Covid times. It is going to take year or more atleast to start recovering and so savings will help during such hard times.

Janation

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Quote from: smyslov on August 11, 2020, 11:07:20 PM

You can take a loss if you allocating a portion of your money only, it's hard to take a loss if the money is coming from your savings and you are not comfortable at your losses, so if you want to prove that you can take a loss then you must prove that you allocate money that you are comfortable of losing.

That is the case.

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.

Topic: You have to prove that you can take the loss - page 9. (Read 1632 times)