I’ve been on losing streak for almost 3 weeks of gambling, not daily but in random basis for over 3 weeks. Mostly I play only live blackjack using small bankroll around 50$ to 100$ . No matter what I do, slow play or whatever betting strategy makes me lose since dealer card is always so good around 90% of my game.
What I did is I stop gambling for a week and decided to try different game so that my mind will be fresh and positive. I play slot games and manage to win huge amount that is enough to recover my 3 weeks losses and gain a decent profit. I’m just using small bet on slot games when I hit the huge jackpot.
In conclusion, if you are already having a rough time on playing same game over and over despite you have a good experience on it before. Trying new games to you and taking break will help you to snap out of your losing streak because chasing losses usually make us trap on our losses.
In your case, how do you approach when you are on losing streak so badly on specific game. Does changing game works for you?
I'm not so sure what you did here was anything more than being lucky. You were having a tough go at it with the game that you play and enjoy most, but things weren't working out of late, so you try something else and win enough to make up for your past 3 weeks of gambling, I'm not so sure that was anything more than just luck. Had you lost playing slots like you mention, then what? |
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Gambling is only beneficial depending on the individual practice or application of it. Someone who isn't Gambling in moderate environment, the benefits will turn to be disaster.
Before it becomes beneficial we must understand the underlying factor why people gamble, as far as I know 80% gamble for gain not really to achieve those health benefits and most locals ain't concerrn with it either. The consequences outlay the benefits, as other activities can also give one same benefit.
Gamble responsibly, moderation over everything then you can obtain a health balance. And once one begin to consider that gambling can be beneficial and a source of relive this might lead to addiction as he will constantly seek to gamble just to relieve himself, this is a two edge sword.
You will only experience such mentioned health benefits if you know how to contain your gambling activities. But if not, I don't think you can appreciate what gambling has to offer because for sure you will financial stress for one. If you are into gambling because you are trying to hit some winnings because you have little to no more money in your pocket, I can say, you are just subjecting yourself to trouble. This is well said, and I agree with it completely. Gambling for someone like myself (and of course many others) is definitely a health benefit. It sounds silly to say that, but I do derive a good amount of entertainment from gambling, which makes me happy, fills a gap of being bored, gives me something to look forward to and be interested in etc. But mentioned above, it has to be the right type of gambling and the right type of situation. If losing makes you upset to the point where it brings great stress on you, or the potential for great stress..I think we are talking about a different situation entirely. |
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For me personally I'm not sure that I could call gambling a "hobby", so to speak, but the different forms of gambling, could be considered. For example I don't equate the act of gambling a hobby, but I would say playing poker or roulette, or betting on sports game, that I would consider a hobby. Those actually include "doing something". Gambling itself is more of a broad action.
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I think it would be nice if "sound money" was private and that it could remain that way, but unfortunately due to governments and government control, or the need for, there's just no way and money could be purely private the would become a currency that everyone adopts. This is why I've always said that Monero has no chance to be able to become wide spread.
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I have come to stay in this community and thought of one thing which has been bothering me.
Relating from our traditional banks where a bank customer dies and all his assets remains unclaimed by his relatives. I was once told that there was a bank manager who withdrew funds from there customer dormant accounts hopefully that the owners are dead as those account has been dormant for years without any form of activity on the account, it happens when no relative knows about the account for them to lay claims.
Similarly to bitcoin what happens in the event of my dismissal since no relative knows about my investment. It doesn't really make sense if my family can't enjoy my wealth. Will it be lost or is it good to entrust someone incase I'm no longer there?
No bank manager in any legitimate country or company will simply withdraw the funds because someone passes away and they aren't claimed. There are procedures for this, and they will tend to simply be put in some sort of escrow account that will for a long while. The lesson here is everyone should have a will established with clear and proper instruction dictating where all assets are to go and how to access them. |
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There's few things that are more gut wrenching then sending coins to an incorrect address. I've done it at least twice now, that I can think of, and it is brutal. It's really easy to just think that you've correctly copied an address and to just quickly past or type it in, but it's worth every second of double checking and making sure you don't cost yourself.
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There have been times in my life where I had to hide certain things, and there's been times in my life where I felt hiding those things was justified, and at times not so much. If you're a responsible gambler who's hiding their gambling from their spouse or loved ones because they simply don't like it, I would suggest one take a look at their situation and double check that they want to be in it. To me, I shouldn't have to hide my gambling, lack of belief in a higher being and things of that nature just to appease someone.
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While most of us thinks that there are only addicted gamblers who are reckless spenders, I want to let us know too that there are other reckless spenders who are even Irresponsible to their responsibilities and bringing about devalues to their influential personalities.
While in a sit out with friends last night, there was this honourable looking man who whose table was served with lot of expressive wines and edibles alongside with his friends too, While he is sitted very close to me, he was bragging and was even louder than the MC with the microphone saying... Life is sweet and we all have just one life so lets enjoy it to the fullest because while we are strong and healthy today, some are dead while some are in hospital.
Meanwhile we that are here do not know about our tomorrow so... Let's catch up the cruise of today because we are not sure of our tomorrow.
So he called in the waiter with more order placed.
As time goes but he was having incoming calls that he refused to answer and at last the call came I noticed he stored the number with My Wife and then he shutdown the phone to have his peace and concentrate on his enjoyment.
I am not sure of my instincts towards this man but with experiences from people of such nature, they are ones who lavishes their money on pleasures and does not have plans for their futures, they ends up regreting after much expenses when they runs out of funds. Then, they feels remorseful to had lavished their money on unnecessary expenditures and feels they had learnt their lessions but when they refills their pockets again they lost their responsible minds.
Meanwhile... They are usually the kind of people that budgets their incomes on unproductive and Irresponsible expenditures rather than spending on their families or even outdoors responsible spendings.
These are usually the set of persons that says... Had I know and once upon a time during their old ages after they must have spent their retirement resource at their youthful ages and end up being disregarded in the family and looses their influential values around the societies.
This is really sort of an odd story or I guess kind of hard to understand what you mean by telling this story but I guess if I think I know what you're saying, or if I'm picking it up correctly..I see this all the time. So many people blow money early in retirement and don't know how to make it last. I think it's one of the most common occurrences I come across in the world of finance. |
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I wish that anyone living in any country with a government that can control whether bitcoin is legal or not would be able to break free and override that countries ruler or rulers. The beautiful thing about bitcoin is that it can't be shut down, no matter what. There are always going to be decentralized exchanges as well as OTC (over the counter) sales, which eliminate the need for an exchange. I know that many nation is many parts of war torn Africa could really benefit.
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I think it's probably a mix of both. I use to watch a heck of a lot of poker or Texas hold'em when it really blew up back in the early 2000's and you would see it on television all the time. I think back then celebs would get in truly because they enjoyed playing as the game was so popular. Now, I certainly think it's a mix of truly enjoying it as well as a mix of celebs whom are getting paid big money to entice others to play.
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I do wonder if so may of you really have had this addiction to gambling or if it's exaggerated a bit. I have thankfully/luckily not had any sort of addiction to gambling or gotten to the point where it really just drags me down. I always where it just is enough to be nice if I win, but not a big deal if I lose. I also mainly do it just for entertainment purposes. So, I guess I'm lucky.
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I guess I will sometimes bet like this. Let's say I go to a casino and then double my money. I don't just walk away, what I will do is take my principle and then pocket that. I will then gamble the rest of the evening with whatever I have left above my cost basis, which sometimes I lose all of, but other times I end up doubling or tripling, just depending on the situation.
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I mean what I think it all boils down to with the "common man" is that the "common man" the every day Joe, so to speak, tends to lack the drive to educate and teach themselves about how things in finance work. They tend to look at bitcoin and say "that's not what money is, no thanks" but they don't study the underlying principles. I wish the "common man" would, but I'm not sure if many are intelligent enough to pick up these important aspects of bitcoin, sadly.
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As I've said a million times over on this website, it's important to always remember that bitcoin is inherently not an investment, but a mean so exchange that is decentralized and all that other good stuff. It's a great asset to have, and something that makes sense for most people to own in their investment portfolio, but it's important to make sure you can afford to put whatever percentage amount in that you do. It's volatile, so be wise/careful.
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I was on The Rocks instagram page one of these days recently and he was talking about the kick off to the UFL league. Did any of you guys watch that Larry David interview on the Rich Eisen show that I posted above? If you're a Curb Your Enthusiasm fan, I can't recommend that interview enough. It's absolutely hilarious. Again he talks to The Rock about removing the goal posts, and set a precedent for the NFL. Just typical hilarious LD
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We certainly do have some big lottery payouts here in the United States. What I tend to think when I see those payouts is either the person that got lucky and won didn't really even need the money and others are people whom tend to be a bit poor, or not well off and end up blowing through the money like it's nothing. The reason being is they tend to not have good money management skills.
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I love claw machines, and I love those machines where you put in quarters that roll down in to the main machine that has some sort of pushing mechanism where you can eventually/potentially win a bunch of other quarters as well as they typically add in stuff like jewelry, stuffed animals and things of that nature. I definity view it as a form of gambling, personally. I think there are better ways to gamble, but it's just for fun.
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