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Author Topic: management of risk and money on gambling  (Read 2327 times)
TraderETH (OP)
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July 18, 2016, 03:18:11 PM
 #1

Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
ronaldo40
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July 18, 2016, 03:28:51 PM
 #2

yes I gamble just for fun and I put free money to gamble, so I am ready to accept any risk. and I do not play every day as well, I play when I have a free bitcoin.

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July 18, 2016, 03:33:12 PM
 #3

i dont think so that gambling is just for the fun. if you remove the factor of money from gambling there will be no fun in gambling any more. i think it is a fun when people are winning money in gambling other wise when people are loosing then there remian no fun and feeling bore.
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July 18, 2016, 03:35:15 PM
 #4

you should always practice risk management and also money management because money is involved and if you don't want to get sucked into the gambling hype and lose everything you should do it. for example i always manage my money by setting a fixed amount for different things like putting 0.05BTC for gambling 1BTC for trading, and many more.

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July 18, 2016, 03:39:16 PM
 #5

Probably the common knowledge but always good to incorporate this in to your risk assessment strategy:
The most important thing about gambling is to remember not to put all the eggs in one basket. For example, there are 38 straight-up numbers to pick from in roulette. Also, there are many outside best. So, instead of putting all the money on one number a smart player always spreads his bets.
In addition there are plenty of games to pick from. So, in the course of an evening, a casino player should try many different bets in many different games.

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July 18, 2016, 03:42:29 PM
 #6

Yeah right gambling is for fun.. honestly i gamble sometimes to have fun also trying my like and maybe i can hit a big amount of profit if i am lucky..
I have my own management im not so addicted to gambling i am thinking for my future that's why i can control when is the time to gamble..
We are not the same but almost all addicted in gambling are the same.

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July 18, 2016, 03:51:30 PM
 #7

No Gambling is not just for fun becaus i put on it my bitcoins no metter how i get them ... when i start gambling i know its risk So im gambling to win small amount of btc becaus with gambling no one get rich)

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July 18, 2016, 03:58:25 PM
 #8

The risk management I apply in gambling is to bet with money I can afford to lose. It doesn't matter even if I lose, I will treat gambling as some form of entertainment. You will surely lose if you treat gambling as a form of earning money.

     

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BAGOBO
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July 18, 2016, 04:09:29 PM
 #9

I'm usually being attract to gamble when I see some promotion so I try to gamble for the first time.
When I won , I feel joy and start gamble more. And when I loss, I feel regret but I'm already aware the risk of gambling so I can control myself
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July 18, 2016, 04:10:24 PM
 #10

Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
Only playing with money I can lose. I am keeping some accountant file in excel program. Only playing for fun, not to become rich.

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July 18, 2016, 04:18:45 PM
 #11

I always make an excel list (well I actually use Open Calc) and I maintain an updated list of the total amount of gambling I do and I just go and say "well, this was too much money lost for this month". When I get past this safe threshold I stop gambling for the entire month, this allows me to never be on the red.
TraderETH (OP)
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July 18, 2016, 04:22:26 PM
 #12

i dont think so that gambling is just for the fun. if you remove the factor of money from gambling there will be no fun in gambling any more. i think it is a fun when people are winning money in gambling other wise when people are loosing then there remian no fun and feeling bore.
Ok so how is about management of risk and money? You must add it too and it will give us more informations about your opinion. Or you never apply management of risk and money.
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July 18, 2016, 04:50:53 PM
 #13

I'm usually being attract to gamble when I see some promotion so I try to gamble for the first time.
When I won , I feel joy and start gamble more. And when I loss, I feel regret but I'm already aware the risk of gambling so I can control myself

Agree with you, the promotions is one that drew me to gamble No promo No gambling  Cheesy
although sometimes I gambled on sports betting that with just a little money no more than $ 5 per day just to test my ability to predict
if  win the huge amount I immediately pulled out all immediately exchange it into real money and buy some of my everyday needs
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July 18, 2016, 04:55:10 PM
 #14

I'm usually being attract to gamble when I see some promotion so I try to gamble for the first time.
When I won , I feel joy and start gamble more. And when I loss, I feel regret but I'm already aware the risk of gambling so I can control myself

Agree with you, the promotions is one that drew me to gamble No promo No gambling  Cheesy
although sometimes I gambled on sports betting that with just a little money no more than $ 5 per day just to test my ability to predict
if  win the huge amount I immediately pulled out all immediately exchange it into real money and buy some of my everyday needs
Yeah this is one of the reason that i am gamble to because of promo of some gambling site.. like primedice i earn a lot in primedice because of promo.
The first that i eran before when they are giving away 0.03 that you can withdraw instantly or gamble it..
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July 18, 2016, 05:13:20 PM
 #15

Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
Yup, i do play Gambling just for my fun and entertainment. But for that also we need to invest some money. So where ever we spend money we should think about our next move. Yes, I do apply some management risk in my betting otherwise, how can I do bet blindly. If we use this method then only we can control ourself or else it is not possible.
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July 18, 2016, 05:18:01 PM
 #16

Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.
Same here i am doing it just for fun also i taking the risk because we already know gambling is risky and it may drain your wallet instead..
Thats why i am gamble sometimes not every day..

Decided to end it with zer0 profit.
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July 18, 2016, 05:18:01 PM
 #17

Gambling with more than you can afford to is a stupid idea. I only met a group of guys in my life that were able to get rich from gambling (5 guys). They were constantly gambling ALL they had, until they got rich. Now, they are trading Gold.

You always loose after a long run. There is no winning in Gambling, most of the time.
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July 18, 2016, 05:35:26 PM
 #18

Gambling is just for fun and game to me no more, but even if it is just game and for fun i always apply management of risk and money. And i always play gambling with i can lost it. And i don't play gambling every days.
Do you apply same something what i have doing or you are very can not control your self? Share your opinions at here.

Yes i do apply this risk management while playing gambling. Some of which is setting up a budget that I can affor to lose, when all is consumed I stop. And we need to be carefull not to get too much involve in gambling.  This may lead to gambling addiction and can produce gambling problems which is not very healthy in our life.
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July 18, 2016, 06:03:49 PM
 #19

that is a good idea i think you can manage your risk of loosing money while gambling. if you fixed a limit for yourself and you do gambling up to that limint then surely you can earn minimize your risk of loosing money.
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July 18, 2016, 06:04:28 PM
 #20

You are right that gambling is for fun and gambling made only to give entertaintment for people gambling is not for source of income or making huge profit.. i just gamble sometimes not every day if i need  my time to past fast.
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