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41  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: May 16, 2024, 09:24:37 PM
While gambling can seem like an exciting opportunity to quickly earn money, the reality is that casinos and other gambling venues are not designed for players to consistently win. The games are mathematically structured to give the house an advantage over time so that across thousands of bets, the casino profits while most players lose. This doesn't mean it's impossible to ever win at gambling. A player might get lucky on a given day and walk away with more money than they came in with. But over many repeated sessions of gambling, the odds say that the typical player will lose money rather than earn it. Gambling can be an enjoyable recreational activity if done responsibly for entertainment, but it is not a wise choice as a primary income source.
I think this is the whole idea that a random game can one day make a player rich. It is for this reason that games of chance are so popular in the world. I think absolutely every player always keeps the thought in his head that someday he will be lucky) For me personally, games are just spending time and not chasing wealth and I don’t get upset if my bet didn’t work.

How would you feel when people oppose such notions and tend to convince you about how they made lots of money in gambling? It's not a simple task to let people realize or change their perspective of gambling. The main reason most players make mistakes in gambling is because they are deeply attached to the thought of making quick money in gambling. Only an experienced person in terms of losing profusely in gambling would understand that gambling is actually a place to lose money. The others who blindly ventured into gambling, when told this, will only go into an argument. It's all a form of stress to get it across to them. I think more humans are just like gamblers. They usually go for the quick means to anything.
42  Economy / Gambling discussion / Re: Streaming community are getting worst!!! on: May 16, 2024, 09:11:55 PM
Why wouldn't majority of the viewer keep getting misleaded? Since we want to make fast money and the only place we could go is to online to check and follow influencers that are looking for money for themselves. We need to be wise and make sure we don't become so ignorant of what in happening im the world were so many influencers could go extra miles just to make money from their followers. We need to always make decisions for ourselves not trying to make money by all means we can always seek for help around us. Influencers are no good choice for us and we need to make sure we follow the right path.

Nobody is to be blamed. Looking at the troubles some players add to their gambling journey, you'd notice its caused by negligence. Gambling owns a policy that restricts players who are not 18 years old from being participants. But, promoted in platforms with no age restrictions. They chose those platforms for more reachability and exposure regardless of who is there or not.

So as to get their targets, they involuntary feel reluctant of limiting those ads from getting to the underaged this, then, will lure the young people to boycott the gambling policy. However, it's not wrong to promote gambling on such platforms. Yet, something lacks in the niche, the need to teach people to focus on responsible gambling habit. Those who get mislead wouldn't have been a victim if they were enrolled in some ways to learn responsible gambling.



43  Economy / Gambling discussion / Re: Is Casino Community Service Possible? on: May 16, 2024, 08:22:35 PM
any big group, has already such kind of programs (very easy... just think about gambling rehab or promotion against heavy gambling...)
In my country several big groups are already paying these kind of service...

If you know marketing, you know very well that this is just another kind of promotion... many years ago a famous "candy" "golia bianca" (white golia) was promoting their initiative in north pole to save white bear...
of course they don't care about bears, it was just a way to promote their brand and depict them as "interesting in nature" etc etc

I think that's the best community service any casino can render to the society. Helping people understand the importance of responsible gambling. Other ways of giving back only matters in items but wouldn't save any player in trouble. However the compulsive players may not willingly show up to participate in such a program. Since, in their perspective, it doesn't seem to benefit them in anyway. Addictive players get moved by money. Sitting still and getting counselled is a no.

Unless casinos find a way to pay them for attending those therapy sessions, most addicts won't give it a shot. But getting this right will help the casino increase its revenue. Addictive players who have ran out of control can be revived to stay responsible for his family and community. Eradicating the sad publicity gambling has in the society. It'll only take some times. People can begin to realize that gambling is not wrong. New players can as well enroll to avoid getting into a compulsive style of gambling.
44  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: May 15, 2024, 06:10:05 PM
~snip~
I agree with you. This issue is so broad that can cause a huge number of opinions. In my opinion, each gambler himself determines his own risks and plays gambling considering this. Exceed their risks can absolutely any gambler, regardless of how much money in his account. Therefore, to compare the risks of a rich gambler and poor is not quite right. Yes, and lose money hurt both.

In my experience, the rich person will simply not gamble their money.

The poor person will try to put their money into this thing and see if they win anything, basically buying hope.

The reality is that the poor get poorer and the rich get richer because the rich don't gamble.

Rich people don't gamble their money? pardon! A lot of rich gamblers also regret wagering what they shouldn't. It could be, for some, properties, investments, huge amount of money etc. those possessions are being staked by some rich gamblers. And most often they tend to lose the game. Recently a thread was opened regarding a wealthy man who wagered all his wealth within 3 years. Who else gambles more money than the rich? It's the price or risk they need to take in aspiration for making a kill in gambling. Consistently wagering huge amount in gambling will definitely get anybody's funds exhausted. Time will tell.

Low income players don't need to bother about wagering big amount, since they don't own it. Assuming they do, the player will do more. That is, if irresponsible. However, we should place this argument in the hands of individual differences. Some rich people are smart players while others are not. Same goes to the low income guys. Risk have multiple meanings. But the worse risk is losing out the love we have for ourselves and family. By engaging into compulsive gambling. I think in this context, money is the risk. Then, no need, the rich takes the most risk.
45  Economy / Gambling discussion / Re: Does gambling excites you ? on: May 15, 2024, 05:55:34 PM
Gambling is fun, thanks Op for asking. But it's quite difficult to achieve a full excitement in the game without a rapidly consistent bridge in those happiness. Losses keep on erupting, tarnishing the fun that should have been accumulated in the game. As many would say that gambling wouldn't be fun without those wins. Contrarily, what makes gambling fun are those losses. On a different view most dramas that makes the casino fun to be, get energized by losses.

The news and videos of the reactions players display, also, is what makes gambling fun, but it's also fueled by losses. Complaints are always directed to mistakes, anxiety, addiction and bankruptcy. These things always shortens the fun of gambling for an individual participant. Note that my view above is also from the aspect of the general community how funny it sounds to them about some mistakes gamblers make. Yet, gambling is fun when done the right way; responsibly.
46  Economy / Gambling discussion / Re: Do you gamble because you don't have sufficient money? on: May 15, 2024, 05:31:11 PM
As it should be but its unbelievable that there are really indeed people who do make gambling as their last resort or something that solved out their financial problems on which this is really something which is really that absurd if we do speak something about this. This is why it would really be best that you should stop on thinking up on this way and just really that gamble for the sake of fun.

.....

however, most poor people can only hope that gambling will enable them to earn large amounts of money in a short time. they have no other choice to rely on gambling, because that is the easiest thing for them to access and the cheapest for them to get, because with just a few dollars they have the opportunity to get thousands of dollars if they are lucky.

this has become a common thing in underprivileged communities, where they prefer to gamble rather than invest, because they can have the opportunity to earn big money in a short time with small capital. even though the chances of them getting the jackpot are quite small, at least they have tried and if they are lucky they might be able to get a jackpot that could change their lives.

When they are lucky! Thank goodness you picked that point. Luck happens unexpectedly and disappears immediately when gambling. It's not consistent, and the efforts gets affected afterwards when the player doesn't pay attention to a well detailed gambling strategy. Players who even get the wins still goes back unhappy. So, I understand how tough survival in a substandard community could be, but inflicting stress and anxiety to the financial struggle is a bigger trouble.

True, gambling can offer quick funds. No, players can't get this quick money instantly. Like any other venture it demands time and calculative moves to earn a meaning result. What would they do if it's the only way that seems available for escaping financial problems? On the long run it ends up a difficult one to control and the player with no self knowledge of gambling will find it hard to realize he's been heading to a more stressful and hard time. Harnessing such thoughts is the problem. Gambling is all people think it is, but problematic players apply wrong strategies to the game, in return for big wins.
47  Economy / Gambling discussion / Re: Why do people lose in gambling and still go ahead and bet more? on: May 15, 2024, 05:11:49 PM
People keep hoping that they will gain back their losses with the profits if they will continuously playing gambling, they will just realize those things until they lose a lot of money, and people around them, and seem to be lost on their path due to excessive playing of gambling. It is too hard to please other people to stop if they even on themselves can't step their emotions to play more but if you really take care, make him realize what are the cons or impacts of playing gambling so at least that he can reminiscence what things he is doing.

It's  a rare opportunity, getting someone that listens to and practices those responsible gambling strategies. Some may pay less attention due to the losses they've experienced in gambling, but, once a session starts the player will forget it all. His emotions, wouldn't let him stop, indeed. How about gaining back all the lost money? That's a familiar self questions that keeps popping out from the player's mind.

Personally, I do think the next wager would be the time to win back all the lost money. Yet it keeps going from one stage to another, until the money is speedily spent with no remorse of repeating same mistakes. This shows how magnetic the losing streak works. It holds on to the players like a magnet and drags it wherever direction it feels. Casino utilize any method of holding the player's time and money. Hence players who don't obey any meaning gambling strategy will pay for their mistakes.
48  Economy / Gambling discussion / Re: Double your money and quite on: May 15, 2024, 04:59:45 PM
If we keep repeating the same mistake again and again then nobody can save us and we will eventually end up in huge trouble.
If you know that you are losing frequently then you should just quit gambling for sometime and control your urge to gamble and chase losses.
This self control is needed and that is what OP is talking about since he quits right after winning his desired amount.

I think your response shows a fresh perspective of what Op is talking about. First, I thought Op is introducing a new strategy that only encourage players to stop whenever they win double their wagered amount. That's a lame way of gambling. It's not meant to be immediately. Still, regardless of my view, it's true, self control is required to execute properly this strategy.

However, the urge to move further and gamble can be strong enough to remove this strategy from the thoughts of a no self control player. Hence, when utilizing such a technique I'd recommend accepting more losses in the process. A player can't successfully win consistent money in every session he plays. And some session can be too filled with losses that the player would mind stopping but his strategy demands he doubles the funds before leaving. That sounds unacceptable!
49  Economy / Gambling discussion / Re: When is best for a player to draw the line? on: May 15, 2024, 04:41:47 PM
Determine how often you gamble maybe it's once a week bi weekly or once a month.
Setting your own bar on how long you want to gamble or how much money you want to gamble is a good method to control your gambling related spending. There are people who are struggling to keep this going because it takes self-discipline and composed state to execute and gamblers lack these habits, reason why they became addicted in the first place.

But once they start doing it they will be able to overcome their addiction and eventually reduce the budget and end up with being able to save their savings.

The nature of gambling is such that it makes you play more by infusing the competitive spirit in you. The way to conquer this is to understand that your battle is not with the casino but with yourself.

How would one conclude within him that he's battling himself? That wouldn't be a battle. Generally, everyone feels the need to get, by force, the losses incurred in gambling. Although the self control sets in the moment a player have experienced the downside of such habit and decides to control it. Most players get swept off to the floor for not realizing the poor gambling habit they exhibit. Which ends up landing them to a financial trouble. Setting up an effective strategy helps the player to draw the line when he should.

The issue is not knowing when to take action. That's why players are being told of preparations. Since gambling is seen, by majority, as a competition, nobody goes for a such events without training or preparations. But most players think making money out of the game is the sole aim and nothing else should be acknowledge. Limitations and self control two strong factors that helps in preventing losing streaks, are being neglected, by new players, at a speed of light. It sounds unfamiliar, that's not what there were told, initially, of gambling. Not knowing how deep and exhausting gaming can become, leads to the damage of self control in most gamblers.
50  Economy / Gambling discussion / Re: Did gambling losses are traps to new game on: May 15, 2024, 04:16:01 PM
Just like what most people here say, casinos have a house edge which allows them to gain more profits than the players. So no matter how players set their strategy, they will not be able to beat casinos which have algorithms designed with a higher chance of winning. Because I know this, I consider that gambling is just entertainment - I don't use gambling as a place to make a lot of money, even borrowing people's money just to chase wins - I consider it to be entertainment to fill my free time.

Competitive games are more interesting. Playing undisputed in any game is quite boring and makes the player less concerned about participating in such game. Casinos provides a competition between the player and the house. When a player losses he'd want to win. Because winning is not common to him. He's tired of seeing those losses. I think coming up with consistency as a winning strategy should be the dream of any gambler.

The house still makes it to number one spot on the leader board of who wins the game. While the player struggles to win huge. It's quite a trap indeed, because the race wouldn't stop easily. Most players find it very difficult to stop when the losses are numerous. It happens to everyone but ”self control" is the vital factor or skill which helps players from avoiding such traps. However, the entertaining aspect of gambling means different things for a lot of people.
51  Economy / Gambling discussion / Re: Be careful with people's money on: May 15, 2024, 04:06:19 PM
I've heard a familiar story of a guy who received money for a friend and spent it on gambling. He didn't win, but the good part of the story is that he paid back. Playing with people's money is not bad. Some players tend to wager high on another person's pocket, that's wrong. However, it's always embarrassing to hear of such things, because the player is not showing himself some respect in the society. People may not respect him anymore, even in the gambling community. Yet it's not a new story that gamblers have the impulse of going harder when they lose. Regardless of who owns the money, the player wouldn't stop less he feels the whole funds has been exhausted. I think that's the only moment such players tend to stop gambling. The mistake comes by surprise.
52  Economy / Gambling discussion / Re: Do you blame someone for your gambling losses? on: May 13, 2024, 05:16:19 PM

It is true that there is a desire to win quickly when people gamble, there is a hope to gain big profits quickly without having to work hard.

But it is quite important to always remember, that every aspect of life definitely involves a risk, and that includes when we play gambling or when placing a bet. and although in gambling there is an opportunity to win big quickly, behind it all there is a risk of losing money quickly too. The hope of getting an instant win often makes people forget the importance of patience, discipline and good risk management in gambling activities.

If we look more realistically at gambling, big wins in gambling are often the result of a combination of factors such as skill, knowledge and skill.
  It takes time, patience and hard work to achieve long-term success in gambling. Therefore, apart from understanding the desire for quick wins, it is also important to understand that patience and discipline are the main keys to achieving sustainable success in the world of gambling.

Every aspect of life revolves around what you just wrote. But long term monetary expectations in gambling shouldn't be encouraged. Regarding the changes that happens in the plans of most players when they later win enough money through gaming. However, it's lame to blame others for our gambling losses. Because the decisions all belongs to the player. Think of a scenario where a jackpot player blames friends for encouraging him to play more. Such things are not reasonable to say. More like a viral video of Drake's friends wagering his funds when he want to the restroom. I think in this situation he has the right to blame his friends.

But the reactions we see from people who wagered their funds themselves still blaming innocent people is getting out of hand and shows irresponsibility. Losing is part of the game and nobody needs to be told about this, it's a well known gambling phenomenon. Hence, why do people think of winning alone, when losing is the trending gambling term than winning. I think it has to do with not taking responsibility for losing. Some players when the losses are too enormous, they'll trace back to the friend who led to gambling and run to blame them for channelling their life to a downward course.
53  Economy / Gambling discussion / Re: Gambling addiction causes loss on: May 13, 2024, 04:48:13 PM
Quote

Until my country created specially designated areas for gambling I played in land-based casinos, I personally knew two guys who visited the casino under the influence of alcohol on payday. Of course it happened that they won big, but in most cases they were left without money. And what's worse, sometimes they even pawned their gold jewelry to go back to the casino and try to win back their losses. So such people exist and I believe that just such irresponsible behavior indicates the presence of gambling addiction.
I witnessed a very similar situation.My colleague lost everything in slot machines on payday, which resulted in a huge scandal in his family. Of course, the next day he borrowed money from his colleagues because his money simply ran out, and he was still in debt I haven’t settled accounts with everyone for several months. This is what impulsive decisions to play lead to. Gambling when a player has no discipline is very dangerous.

It's common amongst gambling friends, I've had an experience with a close friend who wagered everything after winning all his money back. Simple, they lost control and felt overwhelmed with the wins. I don't think that gamblers who did this, were preparing to do it. Most of them have in mind to purchase other things with the money. Like my friend he needed the money for some food materials but to my surprise he wagered it all.

That's a poor gambling behavior that shouldn't be emulated by any player. Addiction is bad and causes pains, imagine the player who had to borrow from his colleagues. That's really a tough one and he's going to pay the Piper for taking those loans. I prefer players who focus on staying positive with their funds. And sticking to the plans. It all happens like a joke, but addicts are meant to hold themselves as regards to wagering all their earnings to an extent of having nothing left.
54  Economy / Gambling discussion / Re: How can we help beginners not to get addicted on: May 13, 2024, 04:36:34 PM

Yet, looking at the chances of such people not getting into problem gambling, it's quite very slim. However, for those who through ads became gamblers are also required to further research on ways to deal with gambling. Like any other product, verifying if gambling is what we want to do is quite important. It's false to see an ad and begin gambling immediately. Researching the casino and gambling, generally, will put the player ahead of other new gamblers in terms of avoiding addiction. And he could be fine for a long time with no traces of getting addicted.

It seems to me that now a large percentage of young people are becoming gamblers, and this is largely due to aggressive advertising.

 I am very surprised at how many gambling ads are appearing everywhere. Anyone who shows even the slightest interest in gambling immediately begins to receive offers from various platforms. This gives the impression that gambling is something ordinary and normal. Young people are particularly susceptible to this impact due to their activity on social networks and the Internet.
As a result, many start playing without a proper understanding of the consequences and risks. Unfortunately, this situation contributes to an increase in the number of problem gamblers and gambling addiction among young people.

Indeed beginner gamblers are to be blamed for their poor gambling performance. We all are advised to look up on the internet any advert we come across before clicking or participating with the company. However money calls the shot and people easily get attached to things that promise quick money. Gambling requires lots of thinking and even more work than most work that guarantees money. Yet, gambling doesn't offer enough money, but new players think more money can be made via gambling. The right thing for new players to do is being able to detect that gambling is not simply done.

Most gamblers get exhausted mentally just like people who work in physical settings or company where physical energy or strength is required. Mental strength matters in decision making. And young people are meant to have enough mental strength to battle the stress of gambling. But they're not aware of this, nobody told them about the tiring activity called gambling. When playing games, people would think they're not getting exhausted, since no much work is required other than clicking buttons. On the long run, gamblers burn lots of energy and get tired without knowing then the weakness contributes to more losses. Those ads contributes to this failure but not being directed is another factor which deals with new gamblers.
55  Economy / Gambling discussion / Re: Losing all your fortune with just 3 years on: May 13, 2024, 03:32:47 PM
For Watanabe the guy in this situations to have lost $5m and still be confrotable indeed shows the level of his deep addictions, although the most important thing right now is to make sure the once successful business man didn't go into depression now that he hard lost his entire life furtun because situations like this are what triggered depression and possibly suicidal thoughts which could be a dangerous state if the guy find himself lonely.
So family and close associate need to rely round him at this point, this is when he needs Their support the most because this is a highly trying time for him since he has addiction to fight and also loses to recover from.

Don't be surprised that if a player wins such an amount he'd still wager it back to the house. It's quite a sad story for a wealthy business man to self inflict brokenness to himself. I'd always remind people of the negative impact of gambling for both the rich and poor. People think of the rich being immune to gambling problem. Yet same thing happens to all of us with a brain. What was he actually thinking? One would ask, to have lost all that money within few years. He's rich why then does he go after losses. It's sad, but it largely or broadly levels the notion of excessive gambling not only a habit for the low rollers or low income players.

As you said, the did has been done, and his health should be the next move from his family and friends. Because such a man would be undergoing some anxiety and depression currently. And such a situation is not familiar to him, maybe he wasn't experienced in gambling and got caught up with the compulsive gambling syndrome. Unfortunately, people who stay around wealthy men don't actually advise them, because the rich always appear intelligent. This is the right time to help him through and effective advise, reminding him of the further pains he could face if he's not prepared to stop.
56  Economy / Gambling discussion / Re: They put an end to online gambling: what do you think it's going to happen? on: May 13, 2024, 03:19:31 PM
Well if online gambling would ever stop someday, those who are invested in it are going to be the most affected ones from that. But even if it happens people would basically make another alternative for it, because this is how the world of business functions. Onsite and physical casinos are still gonna be there so people also can go back to the traditional casinos because till this day traditional casinos are still there and still have many people going there frequently.

When you said people can starve and be hungry and all, gambling was never a main source of income to begin with, it is just an entertaining activity, people still have their jobs and the world is full of opportunities. Many countries don't allow gambling it is completely forbidden, people there live a normal life and they are not starving so I guess people can live without gambling and casinos.
Online gambling is just one of the basic amenities of modern society, except this amenity includes additional amenities, so society can still get through a world without online gambling but the benefits for many sides will not respect this termination action because for people, it is an activity to relieve stress, for businessmen, it is a form to get more gold and for the government, operating properly with regulations will be one of the economic sources that compensate for many aspects

If, I don't think it'll happen, online gambling is eradicated, nothing would change. Gambling continues! Although since after COVID the world renowned internet users embraced online gambling as a means of participating in gaming. However, that doesn't mean people weren't gambling before the institution of the online gambling business. The world economy is also impacted by online gambling which also benefits the government. Players don't actually depend on gambling to feed as Op said in his write up. The only wrong thing is the way gamblers made themselves to be seen in the society.

Online gambling happened to be very noisy compared to offline gambling which erupted such views from non gamblers. It's true that lots of mischievous people participate in gambling, but it doesn't change the notion and objectives of online gambling. Which provides a strong avenue for comfortability and relaxation for players. Respectfully, online gambling platforms are law abiding and have never boycotted any rule issued to them by the government. Hence, the online gambling niche is still organized and players on the other hand will continue to gamble even if online gaming never existed.
57  Economy / Gambling discussion / Re: Why do people lose in gambling and still go ahead and bet more? on: May 13, 2024, 02:46:32 PM
I've a friend of mine who always complain that ever since he started gambling he haven't won a good amount, instead he'll be winning less money than what he expected but he can't stop. So I'm asking what do you suggest he should do at this case. For me I told him that he should know that gambling it's a game of risk and luck, but with the constant betting you might win the amount you've at mind someday. So what are your suggestions towards this.
The type of gambler like your friend will usually become addicted to gambling because he will continue to chase the money he hopes to win big at gambling, that's not what gambling was actually created for, gambling was created to make people happy with their money, especially rich people, so Don't expect to win big if your friend is just poor, but luckily your friend still wins a small amount even though in accumulation he still loses, your friend has to stop doing it so he doesn't lose a lot of money.

The more money you use for gambling, the greater the risk, so why spend time and money all the time just wanting to win big, why not look for fun there, maybe that's what you should do so you don't get tempted by lots of money, if your friend really wants to make money ask him a lot to work hard or do business so he can get a lot of money, in gambling there are no people who are rich and win a lot, although there are those who are lucky, it's very small, the dealer will always win whenever your friend fights him, that's what actually happens, your friend just throws away waste money and time in uncertain pursuits.

It all depends on the amount of money his friend wagers. Your response is good, piebeyb, but I disagree where you point that gambling only works best for the rich. I understand that gambling requires lots of money to win big, but smaller amounts are being looked down on, because it looks small. Little amount of wins can amount to a million dollars in two years depending on the consistency of the player. However, the rich players also get a big loss for wagering huge amount of money. Additionally, sport gamblers can make a kill with a small amount of money. Our perspectives of gambling is contrary based on experiences but his friend is not getting things right. He's not meant to be bothered about this in the first instance. Players are required to focus on understanding their game.

Not complaining over who wins big or not. And if his painful complaints persists, I think he should quit gambling and do other things, like you suggested. On the other flip, gamblers don't feel comfortable accepting losses. It all happens like a self argument where one blames not listening to his instinct as the cause for his losses. Then he tries again, hopefully the player may win, this then cement his thoughts on wagering more until all is lost. Whenever a player doesn't stop playing he'll lose more regardless of his understanding of the game. Although it's not wrong to lose in gambling, it's all about withstanding those losses. Not feeling sad about it. Gamblers who don't trust their strategy tend to continue playing while losing. Their goal is more money not fun.
58  Economy / Gambling discussion / Re: Do you prefer the crypto online gambling or regular fiat casinos gambling? on: May 13, 2024, 02:27:53 PM
I think Op is referring to the coins used in gambling in physical casino, which is bought with fiat and later changed to fiat by the casino. Although his topic is misleading as regards to the content here. Responding to his topic, I'd say that online cryptocurrency gambling is better in terms of withdrawal and have lesser stress as the funds goes directly to our crypto address. Unlike withdrawal to bank where some documents would be asked and sometimes take some working days for the funds to arrive.

On the other hand, If I'm still in line with what Op said, crypto has value and wagering them online means losing our valuable crypto which may increase in value later on. That's right, when fiat is lost it's different from losing crypto. But those cryptocurrencies are not only meant to be kept but used as well. Spending crypto in a casino is not wrong. It's same as winning in cryptocurrency, the player would possess more profits in his bankroll. Revising on the write-up I suggest Op should to simplify this thread by making some effective changes on the thread or make it clearer for a better answer.
59  Economy / Gambling discussion / Re: Going all in and losing the bet on: May 13, 2024, 02:11:16 PM
Such decisions: to abandon a losing bet, or to continue losing money, are very similar to the decisions of a trader to close a losing trade. And of course, such a decision should be made while thinking through a game strategy.
I mean, the gambler has to decide in advance how scary it will be for him to lose all the money.

If there are sources of income, then you can go all-in.

And if the gambler is playing for the last money, then you can't go all-in.

Going all-in is fun and promises more wins until it's all lost. I don't think wagering all our funds at same time is worth it, due to the risks involved. I do participate in going all-in but in a more careful manner, when not done kindly the player will undergo the risk of losing everything on his bankroll. And this can be addictive to some extent, it reduces the interest one has on spending time in a casino. Thereby introducing the player to a fast gambling habit. Like going all-in immediately they are in the casino. Such habits are detrimental to the health of the player. Although one could wager everything and get lucky but it's rare. I wouldn't try it when I'm not prepared to lose the money, or have extra funds available for other financial responsibilities.
60  Economy / Gambling discussion / Re: Chased loss, got it back and lost everything. on: May 13, 2024, 01:46:38 PM

That's not possibly easy to chase after the loss and regain the funds. It's always hard to achieve this, especially for naive players who don't know the ethics of gambling. Even the experienced players will as well find it very hard to achieve such a milestone. Due to the challenging aspect of gambling where the player wouldn't have a complete control over the results. Notminding how strategic his gambling strategy may have been prepared.

The right thing is forgetting about the losses and trying again another day. The fun continuous if we have the funds to gamble on a next session. Exhausting it all trying to recover all our losses only causes anxiety for the player and puts his gambling activity on a bad shape. What is most crucial is enjoying the process not focusing mainly on hitting back what we've gotten and lost. There are multiple possibilities that the player will still bypass his gambling limit and wouldn't stop even if he gets back the losses, which is rare.
In most cases where individuals chase loses they tend to lose because at that point they might not be gambling with a stable mindset but post individuals have been lucky to win big when they decide to chase lose, although they might have lost severally on the process before they get lucky, if such luck happens it is expected that an individual should take their profit and leave but then greed comes in.

 In the scene that they'll want to win more from the profit they get from the act of chasing loses. I consider that a wrong act cause most times someone individuals end up losing a huge percentage of the money, that's a real definition of opportunity come but once  it would've been more safer if they just take profit and leave but they decided to be greedy and therefore lost, apart from losing such act could even make some become addicted.

That's where the trouble sets in, players hardly forgo the idea of a next win, after winning previously. Would I just attribute this behavior to players alone? I don't think so, humans, generally, behave this way. When something works, we do it again, hoping to achieve similar results. I wouldn't blame gamblers for this, the indulged game deals with the mind and money. Our minds are not strongly decisive when money is on point. Players are blind to this mistakes as it happen involuntarily. Sometime when we act out of curiosity to win money, within us, we feel in control, but deep down lots of time has been spent with no prior aim developed to stop the incurring losses.

Luck is a gambling term that should be closely observed to know how it works. I don't think anybody would tag luck as a factor that actually happens oftentimes. However, due to the curios mindset of winning again, some players would conclude that luck is on their side after winning a game. What if the luck isn't there as presumed? The player continually losses money hoping that luck is still close by waiting to work on his behalf. There are some false gambling strategies which most gamblers endorse and it affects, periodically, their gambling exercise in a negative way.
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