I think, when growing up, everyone must be responsible for their own personal finances. It comes from many reasons, circumstances, and age that it becomes more important such as: managing spending, building Stable life, have a budget to reserve for risks of life events, and future orientation. When you have a family and children, this issue becomes even more important. I have a family, 2 sons and everything for me needs to be managed, mixed with my finances.
A family is a next level kind of accountability which is where proper management of finances would matter more, I do acknowledge your hard work for your family on giving their daily needs. It is a mix of responsibility and accountability; there'll be times you will be setting aside your personal interests just to provide them what they need. I hope you and your family are doing good. So for the youngsters over here, be sure to know how to handle your finances well. I myself would probably choose not having a family of my own not until I reach financial stability. But things do happen; if you guys have it already then avoid not being practical and logical with household's cashflow. It seems that the op is suggesting financial self-accountability because a person is making an assessment of oneself here. But when I google financial accountability, it is, of course, about being accountable to others when performing financial tasks.
The op mentions potential benefits and a few tips, but no details on how it could look like. Is being aware of how much you earn, how much you spend, and what were your biggest purchases on a monthly basis enough to say that a person is financially accountable? Does financial accountability require setting and achieving goals, or can it be just about analysing spendings?
Financial accountability like op has made it look, he is talking about an individual being responsible in his spending , to be sure that they are spending money rightfully and not extravagantly. Yes it is enough to say someone is financially responsible and accountable to himself if he has mapped out from his income how much to be used in spending for different expenses like feeding, shelter, clothing, fun etc. If you are not financially accountable, you won't be able to put in shape the percentages of how much you want to spend for a certain period including making budget for it. If it is with necessities on properly managing finances, then adjustment should be done with the amount of money going on your bank, daily and monthly. We should not make the adjustment on where it is being spent as long as it is necessary to live and just focus on making your daily and monthly income, bigger through investments? |
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Like some sort of pushing things just to invest? Well yes, it is a good idea but never expect anything less than struggle. The reason why it would be best to invest an extra money is for daily necessities. Imagine being able to invest in Bitcoin but suddenly needing money for food or hospital expenses. You need to have a 'margin' on the amount you are planning to invest and amount you will be needing to live. Let's say you were able to put a huge amount in your wallet from this industry then you happened to have an emergency or that you will be needing urgent money. This is, I believe, the most common instance an investor is pulling out his assets which sometimes result to complete loss because the chance of earning profit from holding was also cut by that time. So what's the right thing? Save and invest. It would be much better in the long run to only do things properly. If you will go all in to an asset you'd be always at the edge which will for sure make you uncomfortable and probably not a good investment outcome or journey.
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Rhetorically; betting and losing money that I borrowed. It did not happen to me and will assure that I won't be in such situation but it will only be the only instance I will regret my involvement in this industry. I've been into huge loss before but here i am still, simply because the amount I am using is just a portion of my salary. However, nothing's regretful in gambling. We just tend to be in despair and regrets because we suffered the negative outcome or consequence but will celebrate if it is the other way around. That's just how gambling works; you bet on your luck and check if it will be in favor or in accordance to your will. Best thing to do is to engage an amount you can endure losing so at least if it is a losing bet, you'd still function normally and will not be affected that much. he cares for what his friend would think and that's enough for him to go to rehab as suggested by that friend. he is lucky to have a friend who didn't get mad for what he did because not many people will think that way. spending someone else money on gambling is already a clear sign that a person needs help. if it gets worse, robbing someone at gunpoint is not unusual for a gambling addict. i have not been to such a situation thank godness.
Indeed a serious condition especially if it did not only happen once, and must be checked by professional if that's the case. It just showed that he would risk anything given that it is not his property in the first place, so what more if he owns it? Self discipline has a simple concept but it is something crucial. The thing which makes it complicated is the involvement of money which generates enough drive for an individual to increase his risk tolerance and to gambling continuously without thinking of the worse possible outcome. |
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I tried some live blackjack recently and on certain providers for tables like Evolution it kinda bothered me how often dealers would change.
Just when you get used to the flow a dealer has, how they announce cards and bet times, they would change. I have no idea based on what principle dealers will go sit on another table, but it doesn't seem very standard.
I'd certainly prefer the dealers I've come to like to stay a bit longer but I also have to say that all the dealers are doing a good job so in the end the game still continues to run smoothly.
Oftentimes when dealers change in a table I see most people leave the table. Perhaps that's because so many people think that their luck is somehow associated with the dealer. And people leaving the table is another annoying thing because times can completely change from what you had gotten used to.
What are your thoughts on this? Do you mind when dealers in your table change? Or does it not bother you at all?
To be honest, I don't like changing dealers when playing blackjack in a live casino. Often I feel that if there is a change of dealer then if previously I often got good cards then after that my cards became bad. I usually leave the game or lower the bet to find out whether I am still dealt good cards or not Bottomline is no one knows if there is really something into it; it might be just coincidence or there are just intentional motives between every changes with dealers. Gamblers just tend to associate everything evem the slightest ones to their lucks which could be signs of frustration 'coz with luck itself, nothing has full control of it; if you lose then you lose. Only thing you can do is to accept how things will go for the rest of the game. Other option of things are making you uncomfortable is to take a pause from playing and wait for things to go in accordance with your own likeness. In such instances, I tend to move to other gambling games which is most of the time, slot machines just to kill time.
Casinos also thinks of altering their lucks. It would bother all if after the change of dealer, everyone lost except the dealer.
Since players also are also leaves the table, I guess theres lot of you who are also annoyed by the change of dealer. Does it occur to you that casinos also wanted to change their luck thats why they replace dealers every time?
No, the reason for this is actually very simple. The casino knows that there are dealers that might be corrupted. So to make sure that there are no collaboration between a specific dealer and a customer, they change dealers on a regular basis. So, if a customer change tables to stay with a specific dealer, "red" flags are raised and they look deeper into that. It is irritating when they do it too often, but some providers are over protective.  Makes sense if that's really the case but otherwise no one could tell. This is also the reason why I prefer not playing with such games and just settled with sports betting wherein odds and outcome are the only factors I consider aside from a tendency that the results are rigged and fraud gambling sites. I do understand the negative feeling of players about this subject matter; we do all want to win. However, being logical will always save us from regrets so be mindful still in every game you will play. |
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This is all about you either faces your fears and ready to accept what it brings or you withdraws from your fears and minimizes the threats outcomes.
I agree. Is there any gambler who doesn't know high risk = high reward equation? It is a matter of choosing your own poison. You could go all out and chase for that big win or play it slowly and be satisfied with small amounts. Second option is obviously more sustainable in the long run; not all gamblers could lose that much just to gain profit. On my end, I prefer playing things with high regard of risk. I tend to limit the amount I gamble and amount I can afford losing. I also do cut profit and loss easily by setting my expectations lower than with of the majority. Either of these two gambling approach is valid and will solely depend on gambler's tolerance of gambling itself and in general. Problem is with gamblers who are so hopeful of things which even gives the idea that things can be won easily. |
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Obviously, it was edited. Their explanation says that they did it to hide the identity of the winner which indeed makes sense however the way they act upon their purpose isn't professional. How many times an individual won the lottery? Why is this the first time they made it too edited? They could just blur the face of the winner or alike actions that wouldn't turn it to some sort of a joke. They have money in the first place to hire someone to do it the 'right' way. I understand why people are mad of what happened; many are frustrated to win such huge amount and some are even betting for decades which are enough reasons to take things seriously. What they did is pure insensitivity, I think. Now the picture has become a laughing stock and the lady become a meme just look on these pictures.
This is what we are, we just make fun of some controversies even if they're serious because we can't do anything with it. The officials are actually the laughing stock on this matter but they're just trying to defend on it and the general manager even said that their agency(PCSO) isn't really good at editing and that's not a matter because they're just trying to hide and protect the actual winner. I am waiting for the senate inquiry if they're going to be firm on their investigation on this one and if there will be corrupt officials that will be caught on this unusual high prized lottery that can be part of the guinness.  Will really be something huge. This lottery has been running for decades and if this will be proven with cheating intentions, then for sure other winners will also be questioned. Let us think of how many people are dreaming to win the jackpot that they spent their money and time with, to be made fun of. What if other winners aren't real? Where did the money went if that's so? This will again be an issue concerning how bad the situation is in Philippines when it is about corruption. |
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Well, socialization would be difficult with online platforms especially in this industry unlike with social media platforms wherein socialization is the main focus. How many gamblers do you think come here for socialization? Only a few I guess and would be more expected with land based casinos. Indeed talking with other players will be fun however not the majority came for such feat. Most of the players are after profit and I guess to some, the convenience of not wanting to interact with others, is one of the reasons why some gamblers prefer online gambling especially those who are introverts or not fond of talking while playing.There are other ways as well which is to join online communities or social media groups wherein they could talk about various concerns in gambling. I also doubt that this would be put into priority by gambling providers more than with improving transaction speed, bonuses, and overall gambling experience of players.
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Have it checked and diagnosed by professionals given that you're aware of your situation and condition. Things should be done with proper medication and treatment in order to have a better recovery procedures and of course, outcome. Well, words of encouragement and self-limiting practices would help but if you are wanting for a more efficient way to resolve things and avoid making it worse then seek professional help simply because they have enough knowledge to aid your problems. Then it will e on you as well on how will you help yourself to recover with their guidance of course. If one make a firm decision that he will not use more budget than his planned sum then he can control his gambling activity. Budget has greater impact on the addiction because if a person used fixed amount for gambling then there is a chance that he will not fall into bad addiction. Gambling is good source of earning and it provides fun only in the way when you get profit but once your losing amount increases then there is a chance that you will not find any fun in gambling but will be in stress all the time.
Yes, when someone can limit the number of bets in gambling that is played of course they will be able to control their gambling activities and also they can restrain their desire to gamble when they don't have money, because if we cannot limit the budget we use for gambling it will certainly be very easy to experience addicted to gambling and when we are addicted, of course we will not be able to control our gambling activities and when we want to gamble, we will look for ways to gamble. To be able to win gambling, you have to have luck because if we don't have luck in the gambling we play, it will be very difficult to win and when we have lost a lot of course we will have financial problems. Self discipline and all, are a common knowledge to all of us; we should avoid gambling that much, betting huge, avoid taking a loan to gamble and such. But why do people still fall for addiction? The idea is being unaware and unconscious of your actions and habits while you are gambling. That's just how addiction works to any vice of activity that consumes your time and that creates a drive to make you uncomfortable whenever you are not doing that particular 'thing'. |
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You could continue playing but at least secure a portion of your profit in order to be safe from regrets or to minimize it 'coz you will still have something in your bag for that day. But on my end, once I win a decent amount I would choose to withdraw all of it and probably take a pause from gambling to enjoy the profit. But I still understand those who will be a bit greedy with such moment which doesn't happen on a daily basis to every gambler. It is their money in the first place therefore they have the rights to do whatever they want to it. But always be aware of how consequences work in gambling in order to not suffer that much given that losing is often more anticipated. It's true that gamblers all have the desire to win and as such are striving to making sure they are always victorious after gambling and in some cases, I think gamblers need to control that urge and taste of being victorious always because that alone could make them blind and insensitive not to see and know when to call it a quit. At some point, a gambler should be sensitive to know that when given an option to choose between cashing out or continue to the end. It is expected that as a reasonable human being or gambler you should go with what you have seen than that which you know not because it is unpredictable as you can not tell the end results as it would be so when given the opportunity to Cash out, it is expedient that you take home with your pay otherwise you would likely regret for not making good use of the opportunity when it presented itself.
There are players who, due to their character and emotional intelligence, will never bet on a cashout, because for them there is no limit on victories and money won. Of course, he can cash out after the jackpot, but then he will still deposit this money and lose. We must remember that at some point we must have a mandatory stop, otherwise failure and disappointment await us. We must remember this when entering gambling; it cannot be neglected like most players. Do you know any players who won and left gambling forever? I think this is a difficult question not only for us. Now imagine that these people really exist, who won the jackpot and never returned. When they spent their money, I’m just sure that they had a desire to come back again and try to win more, this will most likely torment them throughout their lives. It is rare to see or hear of any gambler who called it a quit after winning big. They only go on a short term break and are back to continue from where they stopped. This has been the norm but if there are some that stopped entirely, I have no idea about them but what I know is that most of them are just being disciplined and exercising self restraint so as not to be carried away by their wins. The option of cashing out when the option avail itself should be a good opportunity because the final results might not go down well. So taking advantage of the situation matters too to avoid a sad and devastating end results. Sometimes the desire to continue is so great that the player will stop at nothing. Exhibiting self-control and discipline in such situations sets professionals apart from all other players. I was always interested to know how they achieved this, that they could press the turn off button in their brain and just get up from the gaming table. I'm not afraid to even call them superhumans. Perhaps this self-control cannot be acquired, it is given from above or acquired thanks to genes from our parents. This means that some people will simply never be able to stop until they lose everything. Truly some people can not be able to stop until they lose everything. Self control and discipline is very vital in one's life the more you build it in you the more focused and determined one is. But as they say common sense is not common, some people still do not have it and can not be able to control themselves to some extent that they can not be able to do some certain things in other to curtail excesses in their life. Genes are very strong though and can be transferred from parents to their children and don't continues that is why you sometimes here people say a child took after his or her father in a particular aspect of their life. That is a s a result of the gene flowing in them. Involvement of money is just a huge factor with self discipline given how powerful it is and how it is being used to everyone's lives. We would be guilty of it; it is easy to say what to do with huge money but once we are in that situation already, things will be different in an instant. Maybe it has to do with the concept of easily earned money, which is believed to be easily spent as well unlike with hard earned money that you will be having doubts of spending to things which are not that important or necessary. |
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Never had, never tried.
I don't know if it's just my thing minding my own business not only in gambling but also to almost everything. I believe that in gambling we have different financial capacity, risk tolerance, and circumstances. They could spend more than me and win larger than me as well. However that's them; if I will be copying their bets and amount of bet, then there's a chance for me to be exposed of bigger risk. Perhaps he could go 10 games of $100 on each one. It just so happened that $100 is the maximum amount I can afford losing therefore copying that particular's job could leave me broke in a shorter period of time. Also, no one has full control of the result and that same things with rewards. To consider their take is fine 'coz it could be a baseline of which team would you be eating. Consider their chosen team but never depend on how much they would be willing to bet.
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Blessing for those who experienced winning but just a dream to those who keeps on losing. For sure we would have different testimonies and ideals of gambling depending on how things are going on our end. Let's be honest; only a small percentage of gamblers are in profit in the long run. It is not always how wisely we are playing 'coz sometimes it is just our luck which determines the outcome of our gambling activities. Ever heard of players saying that gambling is not for them? Those instances are colors of despair and regrets. We could be positive with our views in gambling but never disregard the risk involved that we cannot really change. I would say that guy is just lucky to win an amount that enabled him to purchase another bus. And he’s wise enough to put that money to good use. With money gotten from gambling, he got back on track so I guess in a way,, gambling could be a hope restorer like you put it if you go about it wisely. There are lots of people that have won huge sums and go ahead to put it to good use as well as lots of people that have won huge sums and go ahead to squander it, losing it all in no time.
I don’t think the thought of gambling being a “hope restorer” could turn out healthy for some people. When gamblers start to depend on gambling as a last resort to get that win that would turn things around, that’s when the decline into addiction slowly starts.
What about those who did not win still? Will it just be hope for life? The only instance we could say gambling restored our hope is simply once we experienced winning and with the same extent, not all people have won in lotteries or have won jackpot prizes in casinos. It just depends on your fate as a gambler and that is a variable no one has control. |
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Right, I have bad experienced for recommend to invest in Bitcoin, okay let share it, I told some of my friends to invest in cryptocurrency they put big amount in altcoins & Bitcoin, When they suffered losses then they blamed me it's a scam because they faced losses. So if now someone asked to invest in Bitcoin then i suggested to them DYOR.
What if first, they did not in understand fully how the system works or they did not go through the market analysis properly, all these could be factors Obvious his friends aren't knowledgeable enough for crypto investment or his friends are just expecting for an instant and easy profit from this industry. However, this is the downside of sharing something to people who are not interested into it in the first place; it would really seem that you just dragged them towards this industry. You could have not told them how to handle things. Always the misconception; since we saw many people who earned huge amount of money from crypto investments, some gamblers especially the new ones are also expecting for the same outcome on their end without considering how touch he gone into.We could now be on the bullrun again likewise with 2016-17 period, which means investing at this point would be a good idea but should be better not to talk about it at all. Accumulating now could give you a high chance to earn bigger profit once its market value starts to be in such 'run'. Many investors as well are waiting for a hug movement on its market price 'coz there is still a chance for correction to suddenly take place and with that, you should have your own 'gameplan' before things start to roll.If you are into long term waiting then creating an entry now could aid your worries. |
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Bitcoin and other cryptocurrencies indeed became more popular however, there is a mixed of impression towards this industry; some are positive about sits development and some are not. Basically, we cannot do anything about it 'coz you would only appreciate this blockchain if you're one of the users or if you benefit from it through profit and it just happened that they don't which is why they are more likely against its adoption. If we would look back from the past, this industry has gone far already and that is by means of just allowing things to be known by itself. Allow them to seek for that curiosity which pushed us towards this industry on our early years. Spoon-feeding them will just result to misconception if they won't have the least initiative to read things about this industry for them to know more about it. The future of crypto currencies is unknown, but it is a new generation of Money which is already replacing the paper currency, especially Bitcoin been the most popular and successful among other crypto currencies so far From my knowledge there is no day bitcoin is replacing paper money and it's not created to replace paper (fiat) neither was it created to compete with fiat. Bitcoin is created to be a supporter to fiat where fiat payment can't scale through bitcoin will solve the problem, for instance you can be at your home to transacts some billions of dollars through Bitcoin without have to go queue in bank where they would start asking some silly questions about huge amount you are sending out to people, also in bank there are always some certain amount you can send per day or months but with bitcoin you won't experience those barriers. Not even close; there is a higher chance that fiat and digital currencies will co-exist in the future as alternative modes of payment. Bitcoin and cryptocurrency in general won't be an option to be the main currency across countries given that it is decentralized and that of restrictions from other countries, despite of its advantages over the other; it has its own flaws such as high transaction fees to name one. |
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Quantity over quality? I look at it as just grabbing the opportunity. If you are an investor here for quite long, you won't invest to a project without any insights from it. You are free to invest as many as project you want especially at this point wherein a bullrun is being anticipated. Key to this is proper capital management; is it good to go all in or half of your portfolio in one project? Obviously it is not. Diversify your capital to multiple projects and wait for the outcome. Well yes not all of it will turn out to be profitable but, atl least you did your job as an investor. It is better to lose trying than to not try at all and regret afterwards. No one knows or has the assurance on determining the 'right' project until it already happens. Investment is different from gambling; keep this in mind. You will always have the chance to earn profit if you know what you are doing 'coz it is not solely dependent with your luck and fortune. Some investors are ready to invest on any project they come across just because they really want to make profit and some of this projects are considered to be a scam project which people invest reasonable amount of money. It is very painful when money is invested in this project and they end up becoming a failed one. I think good reasoning before investing will really help investors from losing much money about projects they do not know about much. Investors needs to ask themselves before investing "what if I lose my money investing it in this project? I think this question can help people to invest with the amount they can afford to lose or not to invest at all on project very not sure about.
Investing without any reasoning can just make one to invest without considering the risk and the probability of making lose or making gain from the investment.
That's right, before investing, you need to consider the risks in investing because we definitely invest with high expectations, so it's very important to consider everything carefully because this is not gambling, we can lose all our money too little, be a good investor. Only risk is to lose but not completely; you will always have an option for a cut-loss if it is a losing one however if it is a rugpull or scam project, that would be a different topic to discuss. To be careful and such; yes as ideal as it sounds but that's what investments are for. Take the risk and learn if you fail, prosper if it succeeds. |
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For sure it is being taught in schools especially with courses related to marketing and business. Indeed it could be learned by oneself however a more systemic and a more standardized way of learning it would be through education. Safe to say that it is necessary to everyone's lives simply because money is the main medium of payments since the era of cross-country trading. Knowledge on handling finances well, would help you while you're physically alive and is a guide for a better life; imagine just spending amounts under your salary. A job is indeed needed on as we live in this world. Money alone and privilege won't be enough to sustain you as an individual 'coz a professional guide will be more advised. There are things that are not taught in school because you can learn them in life. While I believe that financial literacy is important for everyone, teaching it to younger people is inappropriate, that's why have a decision to make in college. Oversimplification of things especially in money being taught to, let's say teens who generally don't make money is useless, perhaps would make them psychological unrealistic on how the world works. Learning is a process, you don't take a physics class only in day one, and learning things comes with experience.
Well, age would really e a factor; if you are too young then you'll just be wasting your time 'coz we do all have our own phases of growth and skills. A good life foundation should be aided by you as the one who gets the situation easily. If you could engage to both business and work, such knowledge wouldn't be accepted by many people around you. |
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Depends on the enthusiasts or people who shares knowledge about it (how will they deliver the message) and also audiences (ones who will receive). Most of the time, once non-crypto investors heard about profit, they will have high hopes instantly without considering the risks involved. On the other hand, enthusiasts are sometimes biased of the information they are sharing probably because they have another motive with their action on why did they share it in the first place.Some sort of misunderstanding results to negative experience and eventually bad impression towards this industry. What's unfortunate is generalization. On the mentioned story, a guy was scammed by a Bitcoin mining website however he puts the blame to this industry in general. This is the risk of sharing; if you are aiming for a better future for this industry then it just makes sense to do so, however we should at least choose the people whom we will share things with. Be sure to know them whether they would be able to handle the risk present from this investment or not. Assess for yourself already and avoid too optimistic approach that will catch most of their attention. In reality, we all know it is not always a sunny day on our crypto investments.
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3. Become an extremely cheerful giver/lender to friends and family. A wisdom quote I read somewhere said, "if you want to lose your friends and family lend them money". Keeping doing this and you going to be successfully poor.
Problem here is with culture; in some family settings there are instances wherein the child of the family becomes a retirement plan. It is never wrong to help your parents but you should also mind your future. Some parents are quitting their job as early as their child graduated in College(often in my country), and that is where problem arise; the child becomes the main provider of the family which leaves him/her with nothing to save and to be used in order to generate another stream of income perhaps investment. What's ideal should be to allow the stand on its feet first; you cannot help other people if you cannot help yourself first. Well in many instances they are forced to do so but at least the family should still not 'upgrade' their expenses already just because the household is bow earning more than before. There should always be a 'margin' to anything which shows transition in order for adjustments to take place. Unfortunately, with the list, not all people could place themselves in each number simply because we are all living under different circumstances. Perhaps you and your friend are both earning $20k per month and your family happened to have a sustainable life unlike on his end which is surviving. You managed to have investments because of your savings while he was somewhat forced by the circumstances to just work and have nothing left in him. Who's at fault in this situation then? Ofcourse many of us knows what to do in order to escape poverty however not everyone has the financial freedom to just do so. |
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Checking charts can be useful, but understanding what caused significant market shifts in the past and calculating how much influence such events have now and in the coming years is also very important. When you read about the price history you'll see years like 2019 where Bitcoin peaked at just over $19000 from a thousand dollars. That was 2017. 2019 was a bear period just like the year before it, leading up to the bull run of late 2020/2021. Indeed the reason is more relevant than with just the idea that its market value have increased over the mentioned period of time. I believe that one reason which contributed to this increase was familiarization along with advancement of technology. I myself was guilty that I wasn't aware of the existence of this industry way back 2013. I never had the courage to invest that time 'coz I thought it will just be a waste of money. And likewise with most of you guys here, I regret not doing so. Bitcoin and this industry in general became known and trusted by more people over years due to its benefits such as decentralization to name one. But if it is with the progressive growth of its market price then I doubt for its relevance; history will repeat itself indeed as we saw before however, things won't be exactly the same simply because there are many underlying factors that affects the demand towads this blockchain. I think anyone buying Bitcoin, like you, ought to be aware of the cryptocurrency's past price.
You may use it to evaluate the possible benefits and risks of holding or trading the currency in this way.
Bitcoin has historically shown considerable price volatility, from what I can tell in the image you posted. Hence, it's difficult to predict when to purchase and sell it to avoid losing money in the end.
But, if you truly want to optimize your profit potential with bitcoin, you will need to do more research and gain a deeper grasp of cryptocurrencies in general. This does not mean that you can simply invest in bitcoin and hope for a rise in profit.
This pattern in bitcoin I believe it can be our basis for future price movements.
Quite of a domino effect; as its popularity spreads, the market value slowly increased before, as its price is increasing more people are getting their interests up as well, forming a continuous cycle. Bitcoin's market price volatility was its downside but is now where investors benefit more. There's no consistency on its price movement as we all know; patience is the only thing needed aside from risk tolerance with the amount you are planning to invest. It is a profitable asset indeed however, its market price will always have the tendency to fall given that nothing supports it than demand and demand happened to just be a changing variable due to several factors or reasons. |
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Simple logic; more bets means higher risk than higher risk means bigger rewards. The choice is yours basically; this simply makes gambling an interesting activity. You would either embrace the risk in high hopes of earning huge return or suffer from huge loss without anything left on your bankroll OR play it safely and enjoy without expecting for a high reward. Depends on what kind of a gambler you are; are you one of those who are hoping to get rich from gambling or just someone who wants to add 'flavor' to the games they are into? More bets means higher odds of not winning and that also means higher chances of losing.Gamblers especially new ones should be aware of their purpose to why are they gambling in the first place; for sure it would be profit but how big are their expectations from a 'win'? One game at a time really makes sense, I don't bet on multiple games at the same time because its an overkill and completely ruins the actual fun and adrenaline part of our bet, I won't say it's quality over quantity cause its irrelevant to gambling in my opinion but it gives the complete experience and the part we supposed to enjoy will be satisfied only if we keep our concentration focused on a particular game and also it will help to make better analysis about the team and opponents and place the right bet.
Doubled risk but doubled rewards which is why it is tempting to many gamblers. There's just this common idea to gamblers which is 'instant'; instant way to get rich with ease. Quantity and quality are two good points in this discussion but keep in mind that eitheway of these two won't guarantee a positive outcome. You could lose with quality bets and quantity bets. What to do? Probably anticipate the worse and just bet a tolerable amount so even if you lose, your pocket won't be hurt that much. |
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Risk takers are the ones who are hitting the jackpot but before that, you would be losing a lot. If you are after just profit, then choose efficient gambling habits; manage your bankroll, limit your bets, and never be too greedy. However, as we all know, this won't give you millions so maybe it is just a matter of preference. The more you bet big, the bigger your chances of winning such amount but would you have enough bankroll or capital to do so? Or which will be met first, is it the million profit or huge debt as you attempt to bet as much as possible? We are talking about sports betting here and we know odds aren't that big unlike with casino games especially if you are that lucky. Wouldn't it be betting big on a good game only? I mean in the end the games rely on those types of things and if you were to say, have a close to guaranteed match that was the result of your analysis that has good odds, then betting it big would easily make you a millionaire. In the first place having a consistent way of winning isn't feasible even in sports gambling, it just doesn't happen. Even a small factor can turn a 99% chance of winning a bet to losing it immediately so the longer it happens, the longer the chances of you becoming a millionaire lowers. Compared that to one single big win, which is what most people want, it's almost too easy.
Indeed anything is possible to happen as long as the match isn't done yet which is why even if you are having strong feeling that you know the winning team already for the competition, it won't still be advisable to bet big; nothing's assured. For sure we all know someone who gone all in for a single bet due to low odds on his biased team and end up blowing the who game with huge loss. |
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