Your betting budget - page 16. | Bitcointalksearch.org

Hamphser

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Quote from: DoublerHunter on July 20, 2021, 05:08:16 PM

Quote from: Hypnosis00 on July 20, 2021, 04:34:15 PM

Quote from: blackened515 on July 20, 2021, 11:54:54 AM

Quote from: virasisog on July 20, 2021, 04:34:53 AM

~snip~

I agree with you. Losing in gambling gives stress, because when you place your bets, your expectation is to win and have more money. And when it happens the other way round, it results to stress and depression. I think the best way to avoid spending too much on gambling is to set your limit.

If you feel that way, then you are not gambling responsibly, winning is good but we always have to remember that winning and losing are both possible in gambling, we cannot be a winner all the time, in fact, we might lose most of the time so we should be aware of that probability and always accept the losing result and we should not be stress with it.

^ This is exactly the right answer, be a responsible gambler at all times and accept those possible outcomes, and it's either a good or bad result.
Sometimes we should think that gambling is not a purpose of chasing money, it is sometimes we are talking of entertainment that could relieve your stress or while having a break for a while. Budget is the perfect practice at all times, allocate always a big percent for those daily neccisities and probably 5-10 percent of it is a good choice if you gamble. That is how you will manage yourself to avoid also being addicted.

Secure and prioritize on things that should really be prioritized so that you would able to avoid possible future problems that you might faced on because everything is too much would

have corresponding negative effect and this is solely talking about your budget or your with finances and if you arent good on handling on it or simply being impulsive then

most likely you would be end up on being an addicted person and would really mess out yourself which make you regret like forever.

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Quote from: Hypnosis00 on July 20, 2021, 04:34:15 PM

Quote from: blackened515 on July 20, 2021, 11:54:54 AM

Quote from: virasisog on July 20, 2021, 04:34:53 AM

~snip~

I agree with you. Losing in gambling gives stress, because when you place your bets, your expectation is to win and have more money. And when it happens the other way round, it results to stress and depression. I think the best way to avoid spending too much on gambling is to set your limit.

If you feel that way, then you are not gambling responsibly, winning is good but we always have to remember that winning and losing are both possible in gambling, we cannot be a winner all the time, in fact, we might lose most of the time so we should be aware of that probability and always accept the losing result and we should not be stress with it.

^ This is exactly the right answer, be a responsible gambler at all times and accept those possible outcomes, and it's either a good or bad result.
Sometimes we should think that gambling is not a purpose of chasing money, it is sometimes we are talking of entertainment that could relieve your stress or while having a break for a while. Budget is the perfect practice at all times, allocate always a big percent for those daily neccisities and probably 5-10 percent of it is a good choice if you gamble. That is how you will manage yourself to avoid also being addicted.

Hypnosis00

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Quote from: blackened515 on July 20, 2021, 11:54:54 AM

Quote from: virasisog on July 20, 2021, 04:34:53 AM

I pay all my bills first and set aside extra money for unexpected expenses. I don't think of gambling too much and if I gamble I spend only few hours playing to relax and unwind. Losing in gambling can give you more stress and problem, also ot gives me a lot of pressure whenever I lose and being forced to use extra money to win back my losses. So,I stay away as much as I can and play lesser as much as possible.

I agree with you. Losing in gambling gives stress, because when you place your bets, your expectation is to win and have more money. And when it happens the other way round, it results to stress and depression. I think the best way to avoid spending too much on gambling is to set your limit.

If you feel that way, then you are not gambling responsibly, winning is good but we always have to remember that winning and losing are both possible in gambling, we cannot be a winner all the time, in fact, we might lose most of the time so we should be aware of that probability and always accept the losing result and we should not be stress with it.

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Quote from: virasisog on July 20, 2021, 04:34:53 AM

I pay all my bills first and set aside extra money for unexpected expenses. I don't think of gambling too much and if I gamble I spend only few hours playing to relax and unwind. Losing in gambling can give you more stress and problem, also ot gives me a lot of pressure whenever I lose and being forced to use extra money to win back my losses. So,I stay away as much as I can and play lesser as much as possible.

I agree with you. Losing in gambling gives stress, because when you place your bets, your expectation is to win and have more money. And when it happens the other way round, it results to stress and depression. I think the best way to avoid spending too much on gambling is to set your limit.

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Quote from: virasisog on July 20, 2021, 04:34:53 AM

I pay all my bills first and set aside extra money for unexpected expenses. I don't think of gambling too much and if I gamble I spend only few hours playing to relax and unwind. Losing in gambling can give you more stress and problem, also ot gives me a lot of pressure whenever I lose and being forced to use extra money to win back my losses. So,I stay away as much as I can and play lesser as much as possible.

With kind of mindset better to avoid or stick with low to none budget for your gambling activities,

if happened that there are free rolls with the sites you are using better to take advantage of it than
to deposit real money and be taking away by your emotions and lose a lots of money from your savings.

Not an easy task when you already engaged and already have that pleasures inside you, the desire of keep moving forward attracts you to add more
funds to your wallet and that's a big sign that you need to quit while you still have the time.

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Quote from: Obito on July 20, 2021, 03:28:28 AM

I don't want to sound arrogant or braggart but my control over how I spend my gambling budget is on point, I was raised in a house that has discipline above else so I don't exactly have a hard time controlling myself and my emotions wwhen I am gambling and I am happy that I am able to control it because I always get my wins when I am having a good day.

That will really help us decide, especially when we play gambling, as we can forget about the rule that we have and make us want to play more and more. We already see many people losing their money because they can not hold themselves and lose control. I am sure we will have a chance to control ourselves and reduce the emotion fast than the other people. Learning about discipline will help us reduce our tension and eliminate wanting to play for some more rounds.

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I pay all my bills first and set aside extra money for unexpected expenses. I don't think of gambling too much and if I gamble I spend only few hours playing to relax and unwind. Losing in gambling can give you more stress and problem, also ot gives me a lot of pressure whenever I lose and being forced to use extra money to win back my losses. So,I stay away as much as I can and play lesser as much as possible.

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Quote from: mirakal on July 19, 2021, 07:17:29 AM

Quote from: Kittygalore on July 19, 2021, 07:06:28 AM

~

It's considered a lot if you bet higher than your budget, and I don't think it's right to go beyond your budget as it's too risky, in gambling, you win, you lose, that's the only two outcomes, so always be smart and always know how to manage the risk. There's no room for us in gambling if we are careless and yet we want to be successful, we should make a strategic approach, no an approach that is based on luck.

I agree that you should be smart and always watch for the time because you don't exactly have the ability to discern how long you are doing things if it's intense or fun, that can help you stop even if you haven't finished your budget.

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I don't want to sound arrogant or braggart but my control over how I spend my gambling budget is on point, I was raised in a house that has discipline above else so I don't exactly have a hard time controlling myself and my emotions wwhen I am gambling and I am happy that I am able to control it because I always get my wins when I am having a good day.

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Quote from: bitterguy28 on July 19, 2021, 07:14:05 AM

Quote from: Lorence.xD on July 19, 2021, 06:20:13 AM

~

At least you've learned your lesson now? that is the most important part "Our Maturity" because more than everything it is our experience that teaches us to be more practical and never lose your attitude towards becoming addicted.
when i start gambling i also do the same mistakes but over the year i learn and comes to the conclusion that whatever i do it is always that gambling will win over us.

I agree, that point made me feel much more free since I wasn't chained by addiction anymore and I think that it's the greatest feeling although I still do some bets with friends here and there and some poker nights, the feeling is much better right now when you are in control.

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Quote from: hahay on July 19, 2021, 10:35:23 PM

Well, I guess that could be a great way too. When we already have a budget for gambling but because there is a high awareness for supervision, then we can save the budget to anyone we trust, whether it's friends or family. With the budget that we entrust to the trusted person, at least there will be good control not to continue to increase the budget when it runs out and that method can also be good management for your finances.

I didn’t understand the idea - are you suggesting that you keep your money with a trustee to exclude the possibility of losing it (or at least to stay within the budget)? This idea seems to me not working because in fact each person has a cash flow (and not a certain amount of money) and nothing can prevent him from taking money from this flow and spending it on gambling.

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Quote from: traderethereum on July 19, 2021, 10:18:16 PM

Quote from: harizen on July 19, 2021, 06:24:31 PM

Quote from: paxmao on July 19, 2021, 05:05:42 PM

Just make sure that at least you understand what is going inside you and if you can control, ask for someone to "supervise" you gambling.

Honestly, no need for serious supervision because as you have mentioned, dopamine plays a role whenever we gambling. Naturally, it creates pleasure in the brain therefore it was only us that can't control it.

Actually, I don't mind if people still continue to play gambling despite lots of losing in their respective sessions. That's their money and will after all. As long as they are still responsible outside their gambling activity, that was good. But if not, that was a different story.

Someone that can supervise us is us because we take responsibility for our money and I am sure we do not want to see our money is gone because of losing control.
But that is what happens so far, and many people tend to use their money to gamble and add more money to try to win without considering that it is better to stop gamble for a while after we lose.
People can play gambling anytime they want but they should know how to manage their money but if they do not want to listen to our suggestion, that will be up to them.
We can only suggest to them without forcing they must stop as soon as possible because they will not want to stop if they do not see their limit.

Well, I guess that could be a great way too. When we already have a budget for gambling but because there is a high awareness for supervision, then we can save the budget to anyone we trust, whether it's friends or family. With the budget that we entrust to the trusted person, at least there will be good control not to continue to increase the budget when it runs out and that method can also be good management for your finances.

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Quote from: harizen on July 19, 2021, 06:24:31 PM

Quote from: paxmao on July 19, 2021, 05:05:42 PM

Just make sure that at least you understand what is going inside you and if you can control, ask for someone to "supervise" you gambling.

Honestly, no need for serious supervision because as you have mentioned, dopamine plays a role whenever we gambling. Naturally, it creates pleasure in the brain therefore it was only us that can't control it.

Actually, I don't mind if people still continue to play gambling despite lots of losing in their respective sessions. That's their money and will after all. As long as they are still responsible outside their gambling activity, that was good. But if not, that was a different story.

Someone that can supervise us is us because we take responsibility for our money and I am sure we do not want to see our money is gone because of losing control.
But that is what happens so far, and many people tend to use their money to gamble and add more money to try to win without considering that it is better to stop gamble for a while after we lose.
People can play gambling anytime they want but they should know how to manage their money but if they do not want to listen to our suggestion, that will be up to them.
We can only suggest to them without forcing they must stop as soon as possible because they will not want to stop if they do not see their limit.

STT

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My budget is just the spare part I'd spend on any game like an arcade machine. Its nice to get something back but not what I would base my budgeting on, that money part is not exactly a bonus but I tend to be a worse case scenario guy who hedges bets which also denies me the big wins too like some get. Depends how you want to play it but betting is a game to me, I like to put down something official on a game so it is in no doubt just who I thought would win where and when in especially the underdog bets

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Quote from: paxmao on July 19, 2021, 05:05:42 PM

Just make sure that at least you understand what is going inside you and if you can control, ask for someone to "supervise" you gambling.

Honestly, no need for serious supervision because as you have mentioned, dopamine plays a role whenever we gambling. Naturally, it creates pleasure in the brain therefore it was only us that can't control it.

Actually, I don't mind if people still continue to play gambling despite lots of losing in their respective sessions. That's their money and will after all. As long as they are still responsible outside their gambling activity, that was good. But if not, that was a different story.

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Quote from: paxmao on July 14, 2021, 05:45:35 PM

I kind o like feeling in control of my finances and that means controlling my spending and being very aware of what goes in and what goes out. I normally check my accounts every month and may make a few decisions on what to spend next month if things are not looking correct. One of the things I do is to set aside 10% of my income for things that I really do not need - expensive clothing, gadgets and electronics, books, games,... and part of that is gambling. For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

That's a good practice, it will help you for not losing all of your money because of being greedy in gambling. Imagine if you're gerring hyped and lost all of your savings, it'll ruin your life. Let's always practice to have a small amount that is dedicated in gambling so that we can't use most of our money.

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Quote from: paxmao on July 14, 2021, 05:45:35 PM

I kind o like feeling in control of my finances and that means controlling my spending and being very aware of what goes in and what goes out. I normally check my accounts every month and may make a few decisions on what to spend next month if things are not looking correct. One of the things I do is to set aside 10% of my income for things that I really do not need - expensive clothing, gadgets and electronics, books, games,... and part of that is gambling. For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

Spending money on gambling is only on the amount i could put on and I cant risk even more which is beyond my budget in terms of daily expense and living.I dont like to have a hard life

on having debts just because you cant sustain yourself because you had spent that much into your vice or addiction? As long you do have the control then i dont see any problems on someone.

Gambling isnt bad if you dont let yourself get controlled of it but if you do let it control you then that would really be creating big problems in the future.

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For the most part, it is very good that you budget your expenses, be it intended to make way for gambling or not. Helps you ensure that you don't dry yourself up with funds especially nowadays when money is a bit harder to come by. Then again, you have to consider a lot of factors when budgeting, including the intention, how much your total funds are within that month, and of course the allocation intended for each expense. I myself, during my minimum-wage earning days dropped gambling off even though it could offer me money in return because the risk isn't just gonna cut it when you're being paid by the hour. But as my profits increased, I started to see opportunities to give way for gambling to play a part in my budget.

Quote from: Saidasun on July 19, 2021, 01:11:43 PM

$50 a month and I set deposit limits where possible. I have not found a good enough Bitcoin accepting website for my bets any though at least one with all the features of a fiat one. I find that Bitcoin ones lack the cash out option and the deposit limit which is something I need to prevent myself from going over it.

I think 50 bucks is fairly reasonable for a month's worth of gambling. Especially if you're not earning that much in the first place but still want to make way for gambling as a way to let off steam and have fun of the little time we have. Although I would agree with you about bitcoin deposits in sites where they don't input parameters that will allow you to have more control over how much you spend in a gambling session. Wish a site in the future could do this.

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Quote from: Lorence.xD on July 19, 2021, 06:20:13 AM

Quote from: AicecreaME on July 19, 2021, 05:58:46 AM

Way back then when I was still playing gambling, I only spend the extra money I get from an airdrop, like spending $10-$20 whenever I feel like to play gambling just to have a pastime because I'm bored. I never go beyond that, because I know that no matter how big I spend in gambling, if I don't know how to play productively, I will always lose that money, and I don't want that to happen, that's why I rarely play gambling way back then.

I wish I have that kind of restraint back then, I spend a lot of money in gambling, even though I go home winning, I only use those wins to play again all of it until it's depleted. Good thing I was past that and I was able to make some changes in my life.

Yep, it is said that the worst thing that can actually happen to someone who gambles beyond reason or addictively is actually winning. The rush and dopamine they get from winning last longer that the pain of losing and that is the key of the addiction. Thus, a good winning strike will actually give them fuel to play strong until they loose everything back and a little bit more on top. Just make sure that at least you understand what is going inside you and if you can control, ask for someone to "supervise" you gambling.

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Quote from: paxmao on July 14, 2021, 05:45:35 PM

I kind o like feeling in control of my finances and that means controlling my spending and being very aware of what goes in and what goes out. I normally check my accounts every month and may make a few decisions on what to spend next month if things are not looking correct. One of the things I do is to set aside 10% of my income for things that I really do not need - expensive clothing, gadgets and electronics, books, games,... and part of that is gambling. For me, a reasonable gambling budget is 3 to 5% of my income, although I may allow more if I have some extraordinary income that month. How do you plan your gambling or fun budget?

I pretty much do the same thing, I have a budget for what I call luxuries, stuff I do not really need but that I want, after all not everything on our lives can be about working all the time and getting no fun, and I use that money freely, this basically means that sometimes a great deal of that budget could go to gambling and sometimes none of it goes to it as I was interested in something else at the time and I was left without money for gambling for the rest of the month.

Topic: Your betting budget - page 16. (Read 4966 times)