Gambling habits that will cost you

[Mometaskers]

Set a budget for a certain length of time and stick to it. If possible, try not get it down to zero. Once you run out of money, you can't deposit more.

For example if you set a weekly budget and lost all that, you don't replenish it until the next week. The good thing about setting a fixed budget for a regular interval is you can track if you are earning anything.

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[Naida_BR]

The habit that you have to avoid when gambling is:

Don't make a lot of bet while gambling

This is the reason why people lose. When you make a lot of bets, you decrease your probability of winning in total profits.

[noormcs5]

Set a budget for a certain length of time and stick to it. If possible, try not get it down to zero. Once you run out of money, you can't deposit more.

For example if you set a weekly budget and lost all that, you don't replenish it until the next week. The good thing about setting a fixed budget for a regular interval is you can track if you are earning anything.

Those people who do not keep track of money in gambling loses more money than the others.
This seems to be a decent habit to avoid the loss of money and also limiting yourself to the fix amount of funds. Also, in case of a win, you may add them in your next week balance, so you can enjoy gambling with a bigger bankroll.

[klaaas]

Those people who do not keep track of money in gambling loses more money than the others.
This seems to be a decent habit to avoid the loss of money and also limiting yourself to the fix amount of funds. Also, in case of a win, you may add them in your next week balance, so you can enjoy gambling with a bigger bankroll.

Besides keeping track the bet sizes would matter more. When winning or losing people tend to make bigger bets what carries more risk.  Keeping track wont help to win more or less.

[joshy23]

The habit that you have to avoid when gambling is:

Don't make a lot of bet while gambling

This is the reason why people lose. When you make a lot of bets, you decrease your probability of winning in total profits.

Making lots of bets not increasing your chances to win but the other way around, it can decrease your profitable earnings since the numbers of winning can be much lesser than the number of your winning chance, enjoying instead of focusing and aggressively try to win over and over.

[shoreno]

The habit that you have to avoid when gambling is:

Don't make a lot of bet while gambling

Making lots of bets not increasing your chances to win

It didnt decrease your chance either  . you will still loose even if you are only betting small but this is better at all times . whenever i play gambling i tend to bet lower because i want to spend more time in that game  .  

some gamblers would be doing the other way around because they find it boring to bet less and  it will only take time to achieve their waggering requirements

[Yeahpro]

A golden rule is moderation. Learn to moderate how, when and the wager with which you gamble. No when to take your profits and also when yo cut of your loss.
Addiction has cost a lot of gamblers lots of money.

[btc78]

Nice points mate you got me there,almost all of those are my mistakes whe plying in gambling

A golden rule is moderation. Learn to moderate how, when and the wager with which you gamble. No when to take your profits and also when yo cut of your loss.
Addiction has cost a lot of gamblers lots of money.

Well simple but hard buddy because this is what most of us gamblers cannot do,to moderated control ourselves while playing.

The habit that you have to avoid when gambling is:

Don't make a lot of bet while gambling

This is the reason why people lose. When you make a lot of bets, you decrease your probability of winning in total profits.

Yups because if you are in luck nothing you need to do but just bet in specific number or two and not for too many

[noormcs5]

Those people who do not keep track of money in gambling loses more money than the others.
This seems to be a decent habit to avoid the loss of money and also limiting yourself to the fix amount of funds. Also, in case of a win, you may add them in your next week balance, so you can enjoy gambling with a bigger bankroll.

Besides keeping track the bet sizes would matter more. When winning or losing people tend to make bigger bets what carries more risk.  Keeping track wont help to win more or less.

The point here is that the person playing gambling will have fixed amount of Weekly funds for gambling. So even if you bet with small amounts or  make a single bet of a big amount he will not be able to utilize more funds for the week  which he has allocated for gambling, so he will not lose more than what he decided initially.

[FIFA worldcup]

Those people who do not keep track of money in gambling loses more money than the others.
This seems to be a decent habit to avoid the loss of money and also limiting yourself to the fix amount of funds. Also, in case of a win, you may add them in your next week balance, so you can enjoy gambling with a bigger bankroll.

Besides keeping track the bet sizes would matter more. When winning or losing people tend to make bigger bets what carries more risk.  Keeping track wont help to win more or less.

Another benefit for making the small bets  is that a person will have an opportunity to play more games and spend more time in gambling. If anyone wants to have entertainment in gambling he would want to spend more time in gambling and by using the less funds in each game he will spend considerable more amount of time then the person who bet with a big amount and loose in the first bet and stop the gambling.

[omonuyak]

The habit that you have to avoid when gambling is:

Don't make a lot of bet while gambling

Making lots of bets not increasing your chances to win

It didnt decrease your chance either  . you will still loose even if you are only betting small but this is better at all times . whenever i play gambling i tend to bet lower because i want to spend more time in that game  .  

some gamblers would be doing the other way around because they find it boring to bet less and  it will only take time to achieve their waggering requirements

The chance of winning in gambling is very slim and as such it is better to gamble with little amount and last long in betting. I have play more than thirty bets with 0.005btc and win some and lost others but i have play 0.015btc and lost all. Since then i have learned a lesson to play with little amount as possible.

[TheCoinGrabber]

My additions:

1. Not mentally preparing - don't gamble when you are depressed or angry, it'll just make it worse if you lose and it's going to affect your play.

2. Not making a budget and sticking to it - if you just keep on pulling money out, you could soon find yourself short of cash for other stuff. You could end up dipping for money reserved for utilities, etc.

[AjithBtc]

My additions:

1. Not mentally preparing - don't gamble when you are depressed or angry, it'll just make it worse if you lose and it's going to affect your play.

If it effects the game, then it is nothing a big issue. It'll affect the living of the user as money is a factor that keeps people stress free.

2. Not making a budget and sticking to it - if you just keep on pulling money out, you could soon find yourself short of cash for other stuff. You could end up dipping for money reserved for utilities, etc.

Yeah, budgeting is a must with everything. Whether it is a small spending or something high this needs to be planned prior. In other terms each spending needs to be noted which let's you make the budget better and better over the days.

[Hypnosis00]

snip...

Yeah, budgeting is a must with everything. Whether it is a small spending or something high this needs to be planned prior. In other terms each spending needs to be noted which let's you make the budget better and better over the days.

It is not just to stop in planning but to stick on it and consistently be doing this.
Planning is not difficult to make but the big challenge is execution especially when we fall into gambling addiction...than meant too hard to perform.

Only I put some bets when I have extra money to lose, that is my plan...nothing more.
 

[sweetbet]

Don't put too much money on a single bet.
Don't chase losses.
Set $$$ & time limits.
Don't gamble with borrowed money, including credit card.
Don't think of gambling as a way to generate an income.

[Jsmbugu]

- Don't gamble with a lot of money or money that you really need in order to increase it because gambling is not an investment.
- stop when you get a big profit.
- don't get angry when you lose your money then you put more money trying to recover your losses.
- don't think gambling as a way to make money but to have fun no matter how much you win or lose.

[darklus123]

I would say that you have made a very great decision and  frankly investing is safer and better than gambling directly even though the profit might be small. I got to know about this after I had lost too much to gambling. It was at that point a friend told me about gambling investment I have no single regret about this.

This doesn’t stop me from gambling, but I only play for fun and its occasional. The mistake we make as gamblers is playing directly for profit, knowing fully well that making huge profit is impossible since the house is and will always remain the winner, at least we all know that the odds are in favor of the house, so wisdom will direct to invest directly in the sites to enjoy shares from their profits.

Statements like this are only made by gamblers that are not willing to learn the required skills in each game. If we hear stories of gamblers winning million dollars from gambling, what stops us from believing we can also achieve this? I read something on the news last week about a guy that won over 50BTC from one of the gambling sites and according to the news, he had never won a dime before that time. Sometimes patience and a heart that is opened to learning is all we need to succeed in the game.

The percentage gambling investors get is nothing compared to what they make from playing directly on the site. So why invest when you can as well play and even make more profit? Just cancel fear, go for more knowledge and be determined to make money from the game and you will surely make it.

There is actually nothing wrong about dreaming but do you have what it takes? cause if you don't then understand reality it won't hurt you anyways. That's the thing that the guy above is trying to emphasize. Gambling is supposedly made to entertainment humans not to directly make a huge profit from this(although it is possible). Why invest? because it is obviously much safer.

Let me ask you a question have you done the thing you pointed out on that statement? Cause I highly doubted that you are also practicing what you were actually saying   

[Questat]

Don't put too much money on a single bet.

I'd like to share about my real experience, actually it worked for me if I bet big in a single bet compared to dividing it with different bet with the same total amount I have to risk. When I do place my bet in sport, I do analyze before placing my bet and I can focus on analyzing if I have do to it with a single match up as I can choose which is the easiest to cap.

[ethereumhunter]

I believe that every people will get a guide on here and they can prevent from spending too much money by so many suggestions from the other members. By reading on every suggestion here, he can gamble without having trouble or become an addiction because he always remembers that playing gambling for a long time can cause him to become addicted to gambling. That is what we hope for every people who want to start their gambling story so they can know that playing gambling have a risk to them.

[kennen1113]

Don't put too much money on a single bet.
Don't chase losses.
Set $$$ & time limits.
Don't gamble with borrowed money, including credit card.
Don't think of gambling as a way to generate an income.

But even if people do what you say, don't bet too much and play gambling reasonably with seriousness and control, gambling will still make them accept a very expensive price, it can be in the long run, some will be short term because gambling habits, more precisely, participating in gambling was not good. Although we can maintain a reasonable game mode but over time, failure, the amount of money we lose, it rises to a very terrible level, if we take full notes, the price we will pay is a large amount of money, time and fatigue in our emotions.