Your betting budget | Bitcointalksearch.org

uneng

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Quote from: BITCOIN4X on August 21, 2021, 11:51:25 AM

Quote from: geegaw on August 21, 2021, 11:38:38 AM

An addict's budget can only be all the money they can borrow, through appropriation as well as their basic source of income, advice still has their ears but their hearts prefer to hear the sound of gambling, the sound of winnings after a bet and their lives are also left with chaotic disasters, almost no one wants to reach out to help such people, sometimes gambling addiction is identified as the scum of society. Under any circumstances, our budget for entertainment should not go beyond what we admit, a little flame of borrowing can burn us to ashes.

I can allocate 20% of my total monthly income to entertain myself in some games. I don't think that borrowing money for gambling purposes is the best way to profit from gambling. The risk of loss is always real and bad debt is something that is most likely to occur if all the money borrowed is spent on gambling. If you really believe that a loan is okay if it is used for gambling, then I believe problems will come because of it. So far I've never done it and have no plans to do so.

So you have made the right choice, because to borrow money for betting is totally discouraged. Besides the debt that is almost sure to go to the moon, the gambler also puts his life under risk if he isn't able to pay it back. There are many people who got murdered for not paying a loan back. Furthermore it's not dangerous only for the gambler, but for his family as well, as everyone related to the borrower will be on the radar of the loan sharks.

People who don't have money to gamble should just not gamble. This way they would be safe and sound.

Russlenat

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Quote from: Cling18 on August 21, 2021, 04:03:10 PM

Quote from: Tumanggor on August 21, 2021, 11:58:22 AM

Quote from: geegaw on August 21, 2021, 11:38:38 AM

An addict's budget can only be all the money they can borrow, through appropriation as well as their basic source of income, advice still has their ears but their hearts prefer to hear the sound of gambling, the sound of winnings after a bet and their lives are also left with chaotic disasters, almost no one wants to reach out to help such people, sometimes gambling addiction is identified as the scum of society. Under any circumstances, our budget for entertainment should not go beyond what we admit, a little flame of borrowing can burn us to ashes.

I like your suggestion, the budget for entertainment should not be higher than our income
Gambling addicts are not much different from drug addicts, they are the trash of society and that's a disgusting thing

I once had a colleague at work but he was a gambling addict, his debts were very large, and that caused him divorce from his wife
Setting a budget for gambling is very important, it is non-negotiable

I only had a realization that greediness and abuse could lead to addiction. One of the common mistakes of gamblers that goes into gambling addiction is their abusive desire to continually win once they taste a good profit which is a wrong mindset. An allocated budget for gambling no matter what's the result of our gameplay and bets should be enough.

That's a stupid desire because we are getting unrealistic, hence it resulted in bigger losses in the long run, I know there are times we lose control in gambling lose with the unexpected amount but we should always learn from our mistakes, never stop learning as eventually we will get matured and will be able to enjoy gambling by staying disciplined all the time.

Enjoy the winning if we are lucky, but let us not be greedy and it always makes us suffer in the end.

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Quote from: Tumanggor on August 21, 2021, 11:58:22 AM

Quote from: geegaw on August 21, 2021, 11:38:38 AM

An addict's budget can only be all the money they can borrow, through appropriation as well as their basic source of income, advice still has their ears but their hearts prefer to hear the sound of gambling, the sound of winnings after a bet and their lives are also left with chaotic disasters, almost no one wants to reach out to help such people, sometimes gambling addiction is identified as the scum of society. Under any circumstances, our budget for entertainment should not go beyond what we admit, a little flame of borrowing can burn us to ashes.

I like your suggestion, the budget for entertainment should not be higher than our income
Gambling addicts are not much different from drug addicts, they are the trash of society and that's a disgusting thing

I once had a colleague at work but he was a gambling addict, his debts were very large, and that caused him divorce from his wife
Setting a budget for gambling is very important, it is non-negotiable

I only had a realization that greediness and abuse could lead to addiction. One of the common mistakes of gamblers that goes into gambling addiction is their abusive desire to continually win once they taste a good profit which is a wrong mindset. An allocated budget for gambling no matter what's the result of our gameplay and bets should be enough.

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Quote from: geegaw on August 21, 2021, 11:38:38 AM

An addict's budget can only be all the money they can borrow, through appropriation as well as their basic source of income, advice still has their ears but their hearts prefer to hear the sound of gambling, the sound of winnings after a bet and their lives are also left with chaotic disasters, almost no one wants to reach out to help such people, sometimes gambling addiction is identified as the scum of society. Under any circumstances, our budget for entertainment should not go beyond what we admit, a little flame of borrowing can burn us to ashes.

I like your suggestion, the budget for entertainment should not be higher than our income
Gambling addicts are not much different from drug addicts, they are the trash of society and that's a disgusting thing

I once had a colleague at work but he was a gambling addict, his debts were very large, and that caused him divorce from his wife
Setting a budget for gambling is very important, it is non-negotiable

BITCOIN4X

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Quote from: geegaw on August 21, 2021, 11:38:38 AM

An addict's budget can only be all the money they can borrow, through appropriation as well as their basic source of income, advice still has their ears but their hearts prefer to hear the sound of gambling, the sound of winnings after a bet and their lives are also left with chaotic disasters, almost no one wants to reach out to help such people, sometimes gambling addiction is identified as the scum of society. Under any circumstances, our budget for entertainment should not go beyond what we admit, a little flame of borrowing can burn us to ashes.

I can allocate 20% of my total monthly income to entertain myself in some games. I don't think that borrowing money for gambling purposes is the best way to profit from gambling. The risk of loss is always real and bad debt is something that is most likely to occur if all the money borrowed is spent on gambling. If you really believe that a loan is okay if it is used for gambling, then I believe problems will come because of it. So far I've never done it and have no plans to do so.

geegaw

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Quote from: Renampun on August 20, 2021, 01:16:15 PM

Quote from: babo on August 20, 2021, 12:49:55 PM

Quote from: South Park on August 20, 2021, 12:07:21 PM

Quote from: codegnome on August 15, 2021, 04:09:23 PM

...

obviously people don't follow advice
but then it often happens that they find themselves with their asses on the ground
and that they lose money they need to live

here we give advice to avoid being in bad situations and to play as healthy fun

not gambling addicts if they can still listen to advise...

addicts have lost their minds. they are willing to go all out and even borrow money for their satisfaction while playing. In my country, there was once a case of a gambling addict who embezzled company funds just for the sake of online gambling and was eventually arrested by the police. gambling addicts don't determine their budget when playing.

An addict's budget can only be all the money they can borrow, through appropriation as well as their basic source of income, advice still has their ears but their hearts prefer to hear the sound of gambling, the sound of winnings after a bet and their lives are also left with chaotic disasters, almost no one wants to reach out to help such people, sometimes gambling addiction is identified as the scum of society. Under any circumstances, our budget for entertainment should not go beyond what we admit, a little flame of borrowing can burn us to ashes.

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Quote from: chaser15 on August 20, 2021, 09:41:14 PM

Quote from: Lordhermes on August 20, 2021, 09:10:43 PM

Most people go all the way of keeping extra cash for betting after being paid their salary.These are people that can't do without gambling.They put all their resources in gambling,expecting that one day,they will win a big game,but the way these casino are organised and keyed,it is for only their favour,so no point in keeping extra funds for gambling.

We can't really encourage people to organize their budget whether they losing or winning since the gambling adrenaline is always there.

When they win, they will tend to gamble more expecting another win. When they lose, they will still tend to gamble more expecting to recover. The process and the cycle are just repeating.

For them to become responsible, there should be a certain situation that can trigger it. For what it is, we don't know and it varies per person.

Unless that person can realize by themselves how much money they should use to gamble. We can only suggest them but not forcing them to follow us as that is their money and they are free doing with their money.

If they can realize to stop gambling after winning, they should prepare to get the losses in the next rounds, but they will not know when to get the losses or win.

pinggoki

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Not only will budgeting your betting allow you to save up money. Most importantly it instills discipline to you as a gambler which is a very integral skill to learn in a field where one wrong decision could cost you a lot of money. People oftentimes downplay the importance of self-control especially when gambling since the thrill of the game instills the illusion of gambler's fallacy, where certain random events can be misconstrued for something like a lucky streak or bad luck. Can never emphasize how important this is, and all of these important skills in gambling can be learned by simply learning how to budget your own cash.

Quote from: chaser15 on August 20, 2021, 09:41:14 PM

Quote from: Lordhermes on August 20, 2021, 09:10:43 PM

Most people go all the way of keeping extra cash for betting after being paid their salary.These are people that can't do without gambling.They put all their resources in gambling,expecting that one day,they will win a big game,but the way these casino are organised and keyed,it is for only their favour,so no point in keeping extra funds for gambling.

We can't really encourage people to organize their budget whether they losing or winning since the gambling adrenaline is always there.

When they win, they will tend to gamble more expecting another win. When they lose, they will still tend to gamble more expecting to recover. The process and the cycle are just repeating.

For them to become responsible, there should be a certain situation that can trigger it. For what it is, we don't know and it varies per person.

Then again it's always helpful to give friendly advice to people especially when you feel like they need it. I think all gamblers are aware of the thrill of the game and how it can mess up your perception of reality, and the least they can do to minimize, if not avoid losses is to learn how to budget their money or induce self-control when they feel like they are going overboard, you can't teach these skills anyway and they would have to learn these by themselves so it's not like you are nosing around how they do their business.

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Quote from: Lordhermes on August 20, 2021, 09:10:43 PM

Most people go all the way of keeping extra cash for betting after being paid their salary.These are people that can't do without gambling.They put all their resources in gambling,expecting that one day,they will win a big game,but the way these casino are organised and keyed,it is for only their favour,so no point in keeping extra funds for gambling.

We can't really encourage people to organize their budget whether they losing or winning since the gambling adrenaline is always there.

When they win, they will tend to gamble more expecting another win. When they lose, they will still tend to gamble more expecting to recover. The process and the cycle are just repeating.

For them to become responsible, there should be a certain situation that can trigger it. For what it is, we don't know and it varies per person.

Lordhermes

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Most people go all the way of keeping extra cash for betting after being paid their salary.These are people that can't do without gambling.They put all their resources in gambling,expecting that one day,they will win a big game,but the way these casino are organised and keyed,it is for only their favour,so no point in keeping extra funds for gambling.

Moreover,some may argue it out that keeping extra funds or budgeting to gamble may be the best thing,so as not to touch one's income.Some person's are always pretty lucky though,some are professionals in gambling,and as a result,give out games to people to play.

BuNga_cute

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Quote from: Lanatsa on August 20, 2021, 09:26:54 AM

Quote from: carlisle1 on August 20, 2021, 09:20:09 AM

Quote from: BuNga_cute on August 20, 2021, 07:56:10 AM

~

There are many gamblers who suffered from this kind of experienced, thinking that they can quit after winning their small target.

But after filling that out they continue to try winning more, the outcome is not good since instead of winning
and enjoying they just lost it back together with their capital.

Better to enjoy your game and treat those winnings as additional incentive if you manage to win some from the house.

We could really have those kind of limits that we do have set before we do able to play but once we had already gambled then stopping mid way is always been the problem on where people do really

failed to stop theirselves and would get addicted after wards on where they do spend up money that it shouldn't really be spent in the first place or simply going beyond into their budget.

When you do gamble then set limits and when its total lost then don't tend on adding up and this is kind of the behavior on where a gambler must have.

The thing that really has to be done is to limit the budget that we will use for gambling, otherwise there is always a desire to gamble continuously.
Because every gambler is indeed very difficult to accept the losses they have experienced, and also there is always a sense of desire to win even more.
If we do not limit the budget used, most likely without realizing we will make a deposit again to be able to catch up on the losses we have experienced.
Many gamblers fail to stop themselves from getting addicted, so it's no wonder the gambling industry is growing so fast.

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Quote from: ethereumhunter on August 18, 2021, 09:10:54 PM

Quote from: sunsilk on August 18, 2021, 06:28:21 PM

Quote from: ethereumhunter on August 17, 2021, 09:44:34 PM

~

Someone who's learning from others experience and advices, he's a gambler that knows how to control himself and how to take advantage of those experiences that he has seen with other gamblers that he don't want to end up with a bad ending.

Do not be too hasty with your goal as you gamble, if the time is with you and you're lucky enough to hit those positive numbers during the time you gamble, stay aside and take your profit or bankroll so that you'll keep and worry less if the next time you gamble you lose.

Hopefully, we can be like that and not think about winning because that will not be possible unless you have luck. Yes, learning from others experiences will help us to get more knowledge and could help us to improve ourselves not to get more losses. We will have a chance to take care of the money and will be able to manage it before the money is running out.

Maybe we can not imagine what will happen if we lose big money in gambling but that is totally a big regret for us. We will want to turn the time back and consider setting the budget to playing gambling, but unfortunately, we already lose that money and we can not back the time.

It is impossible not think about winning.

We're all going to think about winning but we have to control ourselves and as well as be in shape and well as we gamble. You won't depend your action based on your budget. But you're going to make sure that you're aware with what you're doing.

Being in the right shape means that you're aware of possible consequences for every action you do.

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Quote from: babo on August 20, 2021, 12:49:55 PM

Quote from: South Park on August 20, 2021, 12:07:21 PM

Quote from: codegnome on August 15, 2021, 04:09:23 PM

...

obviously people don't follow advice
but then it often happens that they find themselves with their asses on the ground
and that they lose money they need to live

here we give advice to avoid being in bad situations and to play as healthy fun

not gambling addicts if they can still listen to advise...

addicts have lost their minds. they are willing to go all out and even borrow money for their satisfaction while playing. In my country, there was once a case of a gambling addict who embezzled company funds just for the sake of online gambling and was eventually arrested by the police. gambling addicts don't determine their budget when playing.

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Quote from: South Park on August 20, 2021, 12:07:21 PM

Quote from: codegnome on August 15, 2021, 04:09:23 PM

The maxim is always that you should only gamble with money what you can spare, but most people know that. More importantly, keep a bankroll for gambling, and a strategy. And under no circumstances go over your limits, try to put your emotions aside. Only then can you enjoy it.

Even if most people know that you should only gamble with money that you can afford to lose that does not mean that people actually follow the advice, after all it is very common that people are gambling and then they get upset because of a bad loss and instead of calling it a day and login out of their account they decide they want to keep gambling so they can recover that money and they go way over their daily limit and lose so much money that by then they have some problems paying their bills.

obviously people don't follow advice
but then it often happens that they find themselves with their asses on the ground
and that they lose money they need to live

here we give advice to avoid being in bad situations and to play as healthy fun

South Park

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Quote from: codegnome on August 15, 2021, 04:09:23 PM

The maxim is always that you should only gamble with money what you can spare, but most people know that. More importantly, keep a bankroll for gambling, and a strategy. And under no circumstances go over your limits, try to put your emotions aside. Only then can you enjoy it.

Even if most people know that you should only gamble with money that you can afford to lose that does not mean that people actually follow the advice, after all it is very common that people are gambling and then they get upset because of a bad loss and instead of calling it a day and login out of their account they decide they want to keep gambling so they can recover that money and they go way over their daily limit and lose so much money that by then they have some problems paying their bills.

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Quote from: carlisle1 on August 20, 2021, 09:20:09 AM

Quote from: BuNga_cute on August 20, 2021, 07:56:10 AM

What you describe may be possible, but getting 3%-5% profit from gambling cannot be obtained in a row. The risk is that we can lose all the money
we have, if we play excessively or we can't control our greed. It's not a new thing experienced by many gamblers, if win we want to get the next win,
and ended up losing all our money. So don't be obsessed with winning when playing gambling, because it will cause us to lose a lot of money.
Just enjoy the gambling games that we do, if we do win, we must stop immediately and withdraw the profits we get.

There are many gamblers who suffered from this kind of experienced, thinking that they can quit after winning their small target.

But after filling that out they continue to try winning more, the outcome is not good since instead of winning
and enjoying they just lost it back together with their capital.

Better to enjoy your game and treat those winnings as additional incentive if you manage to win some from the house.

We could really have those kind of limits that we do have set before we do able to play but once we had already gambled then stopping mid way is always been the problem on where people do really

failed to stop theirselves and would get addicted after wards on where they do spend up money that it shouldn't really be spent in the first place or simply going beyond into their budget.

When you do gamble then set limits and when its total lost then don't tend on adding up and this is kind of the behavior on where a gambler must have.

carlisle1

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Quote from: BuNga_cute on August 20, 2021, 07:56:10 AM

What you describe may be possible, but getting 3%-5% profit from gambling cannot be obtained in a row. The risk is that we can lose all the money
we have, if we play excessively or we can't control our greed. It's not a new thing experienced by many gamblers, if win we want to get the next win,
and ended up losing all our money. So don't be obsessed with winning when playing gambling, because it will cause us to lose a lot of money.
Just enjoy the gambling games that we do, if we do win, we must stop immediately and withdraw the profits we get.

There are many gamblers who suffered from this kind of experienced, thinking that they can quit after winning their small target.

But after filling that out they continue to try winning more, the outcome is not good since instead of winning
and enjoying they just lost it back together with their capital.

Better to enjoy your game and treat those winnings as additional incentive if you manage to win some from the house.

BuNga_cute

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Quote from: dustboy on August 19, 2021, 04:25:54 AM

Quote from: BuNga_cute on August 19, 2021, 04:04:38 AM

In my opinion, making gambling as a source of income is not only high risk, but highly discouraged. Because it is very difficult to make a fixed
profit of 3%-5% from gambling, if you can do that I am amazed by you, means that your luck is very good in the world of gambling. There are
still many ways to be able to make money from the internet that is much safer, and has little risk. I highly recommend playing gambling just
for entertainment, then the budget that I prepared for gambling was only extra money from the income I received. Even though I ended up losing
all the capital I had while gambling, it didn't become a burden for me.

Making 3-5% profit from gambling is not that difficult if you are a risk taker. Very simple example to make 3-5% profit: lets say your initial deposit is $10, just do one bet on dice or other games where you can set the payout 1.03x-1.05x or spend 10% of your deposit in one bet by betting 1.3x-1.5x.

The risk is small with such low payout but if you are unlucky you may lose all in single bet. The other problem is, it is hard to control yourself when you win your very first bet because you may want more and more although your main target is 3-5% only.

What you describe may be possible, but getting 3%-5% profit from gambling cannot be obtained in a row. The risk is that we can lose all the money
we have, if we play excessively or we can't control our greed. It's not a new thing experienced by many gamblers, if win we want to get the next win,
and ended up losing all our money. So don't be obsessed with winning when playing gambling, because it will cause us to lose a lot of money.
Just enjoy the gambling games that we do, if we do win, we must stop immediately and withdraw the profits we get.

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Quote from: Kakmakr on August 19, 2021, 12:30:14 PM

^

This experiment with a dog perfectly demonstrates how a conditioned reflex develops. A human being as well as a dog acquires a conditioned reflex while playing gambling, which is why many players have an irresistible urge to visit a casino. Just compare the man playing in the slot machine and Pavlov's dog and you'll understand everything.

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Quote from: Smartprofit on August 19, 2021, 12:31:11 PM

Quote from: newwest on August 19, 2021, 08:53:26 AM

Quote from: madnessteat on August 19, 2021, 05:28:03 AM

In my opinion, setting a monthly budget for yourself in order to limit spending money is a good idea, but I try to play gambling is not regular so as not to develop a gambling addiction (as in Pavlov's famous experiment with the dog when the dog has a new conditioned reflex), so my budget is allocated for one game and is no more than $100.

I do follow the same principle that each month on particular month I keep an x amount fixed for the playing or say for fun. If I lose that say on the very next day too than whole month I will be away as cannot input more capital as monthly budget allocated is finished. And in case if win certain amount during that month then that will be my bonus amount. This just helps to be in limits.

I really envy you!

You have a very strong will. You are a very disciplined person. These qualities of a human character are very helpful in life. Especially in training and business. Most players suffer big losses due to lack of discipline.

I wouldn't be surprised if your gambling win statistics are positive. I cannot boast of that. I am a very emotional and gambling person. By temperament I am choleric.

You are probably sanguine or phlegmatic. A balanced nervous system is a huge plus. Although phlegmatic people do not make decisions quickly enough.

However, they make correct and informed decisions!

There's no need to envy man, as a gambler, you know the risk, therefore you need to know how to manage the risk.

Some people learn from their mistakes and they had developed to be a disciplined gamblers, it's just a matter of mindset, like managing your business, you should know up to how much you can risk and so if you''ll lose which is likely for most gamblers, you'll never lose more than you can't afford to lose.

Topic: Your betting budget (Read 4947 times)