Gambling habits that will cost you

[Best Dreams]

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.

This practice of setting limit is really very nice but I bet it’s not for everyone because at times the money that some players set as limit just the same as running a normal daily bet without limit and at the end it all runs down to zero.

I feel the best is just to be a disciplined player. Limit or no limit, you would always know when to stop a game if you find out the game is not favorable. This has been my method, I never set limit for my games, I didn’t find the act of setting limit cool after I tried it onetime and I exhausted my stakes the very moment my game was just to begin and it didn’t make me happy at all. It’s just better to play your games and control yourself than depending on a set limit…

Playing cricket can make you earn good amount of money and you can use it both ways you can bet with it and play to earn after winning. People use to invest money on teams and make money so does this is best game after that you can play Dice and poker to make money this is also the best way to gamble.

[1713908093]

1713908093

[1713908093]

1713908093

[hahay]

When someone has to urge to continue despite being so unlucky on a certain day, that was the time they already lost their mind.
They need to control their emotions or else they will just gonna end up losing more, just like what happens to me when i lost my self-control.

I agree with this, bad moments are not good for risk taking. This is because if you happen to lose the first game, is highly likely that you would want to go again with that emotional anger and anger of losing too. The losing can continue without stopping as a reason of fighting back.

Losing large amounts in the first game will indeed be very confusing because if we continue, then there is a possibility we will continue to lose because the mood has been chaotic, by continuing to play with these unstable emotions, most gamblers will only lose more. So in this situation at least we can take a break to restore the mood back to good and make the emotions stable again to return to play.

[tippytoes]

most of the pints that you have listed are very valid, but i feel that there is meeting that is missing which is greed, or is greed not also a bad habit that usually cost gamblers a whole lot in gambling?

I think that it’s even the most dangerous habit and that is probably what the OP meant by his fourth point. You can never mention deadly habit in gambling without adding this to the list even though majority of gamblers are guilty of this.

Greed is also mistaken for aiming high or dreaming big but realistically it is not good at all and as players, it’s better to settle this habit before even coming into gambling. Anyone that is greedy will definitely have problems in gambling because  gambling on its own has a way of making responsible people become greedy and it takes discipline to overcome this and then it becomes even more difficult for those who are by default naturally greedy.

Greed is a human nature and we really can't avoid it. If someone is winning, he wants more of it. The contentment is nowhere to be seen in this scenario. I guess we are all guilty of that at some point in our lives. And we need a good learning experience before we can say to ourselves that we already have had enough.

But such greediness is fine with me as long as you are using your own money and not a borrowed one. If you are already loaning your money just to gamble, then that situation is already different.

[SirLancelot]

This practice of setting limit is really very nice but I bet it’s not for everyone because at times the money that some players set as limit just the same as running a normal daily bet without limit and at the end it all runs down to zero.

I feel the best is just to be a disciplined player. Limit or no limit, you would always know when to stop a game if you find out the game is not favorable. This has been my method, I never set limit for my games, I didn’t find the act of setting limit cool after I tried it onetime and I exhausted my stakes the very moment my game was just to begin and it didn’t make me happy at all. It’s just better to play your games and control yourself than depending on a set limit…

I do not understand your definition of discipline in this context bro. If you have admitted that setting limit is a great strategy, then definitely I believe everyone could learn regardless how difficult it might seem. This is discipline for me. There are a lot of things I didn’t find cool with gambling when I first started but I realized they were helpful and I was left with no choice than to learn and today, I am glad I did. I believe anyone can achieve whatever they set their hearts at and being disciplined involved doing things you believe was impossible.

In my opinion I would say that having a set limit in gambling is a good habit that cannot be over emphasized and I believe it is for everyone one, there should be no excuses why anyone should be exempted from this if they must succeed in the industry.

[DarkDays]

I'd like to throw a few of my own in;

6. Don't gamble as a last resort. When people sink to the lowest of the low, and are down to their last $100, they are often tempted to make extremely high risk bets in a last ditch effort to win big. Just don't.

7. Stay the F away from online poker sites like Pokerstars if you are a noobie. You will get completely rekt by the guys that are using HUDS, machine learning and strategy bots to whoop you.

8. Stave off the urge to go all in when the profits are taking too long to roll in. Slow and steady wins the race.

[BUK2016]

Taken gambling as a source of income is a very bad idea because that will make you invest the money you can't afford to lose with the mind that you will make it big from gambling and at the end you will lose more money. If you want to stop losing more then you have to stop trying to gain back what you have lost while playing gambling.

[Botnake]

Taken gambling as a source of income is a very bad idea because that will make you invest the money you can't afford to lose with the mind that you will make it big from gambling and at the end you will lose more money. If you want to stop losing more then you have to stop trying to gain back what you have lost while playing gambling.

That's not what I understand it, for me, when you are taking gambling as a source of income, you are investing on it, and every investor has to risk money and that is the bankroll you will start as a gambler which you will use throughout your journey.

A good gambler is a wise gambler who always follows the principle which is to invest what he can afford to lose.

[btc78]

Taken gambling as a source of income is a very bad idea because that will make you invest the money you can't afford to lose with the mind that you will make it big from gambling and at the end you will lose more money. If you want to stop losing more then you have to stop trying to gain back what you have lost while playing gambling.

That's not what I understand it, for me, when you are taking gambling as a source of income, you are investing on it, and every investor has to risk money and that is the bankroll you will start as a gambler which you will use throughout your journey.

I tend to disagree on this mate because never that I heard or known anybody that playing games in gambling is an investment(unless what you mea by investing is to put money in gambling business)because whatever we do,which game we play theres always that Luck will be needed to profit and this is not investing at all.

A good gambler is a wise gambler who always follows the principle which is to invest what he can afford to lose.

But I’m afraid that we can count by our fingers those you called GOOD GAMBLERS mate because most of what we find in casino either online or actual are Greed and addict

[Becky666]

Taken gambling as a source of income is a very bad idea because that will make you invest the money you can't afford to lose with the mind that you will make it big from gambling and at the end you will lose more money. If you want to stop losing more then you have to stop trying to gain back what you have lost while playing gambling.

That's not what I understand it, for me, when you are taking gambling as a source of income, you are investing on it, and every investor has to risk money and that is the bankroll you will start as a gambler which you will use throughout your journey.

A good gambler is a wise gambler who always follows the principle which is to invest what he can afford to lose.

Investment is different from gambling and shouldn't be compare to each other, even those professionals who engaged in gambling full-time are very rare as many of them still have their secret life of income and not solely dependent on their gambling life. Don't be fool by saying that there is something called gambling investment, gambling is more wost than investment.

[ethereumhunter]

Taken gambling as a source of income is a very bad idea because that will make you invest the money you can't afford to lose with the mind that you will make it big from gambling and at the end you will lose more money. If you want to stop losing more then you have to stop trying to gain back what you have lost while playing gambling.

That's not what I understand it, for me, when you are taking gambling as a source of income, you are investing on it, and every investor has to risk money and that is the bankroll you will start as a gambler which you will use throughout your journey.

I tend to disagree on this mate because never that I heard or known anybody that playing games in gambling is an investment(unless what you mea by investing is to put money in gambling business)because whatever we do,which game we play theres always that Luck will be needed to profit and this is not investing at all.

A good gambler is a wise gambler who always follows the principle which is to invest what he can afford to lose.

But I’m afraid that we can count by our fingers those you called GOOD GAMBLERS mate because most of what we find in casino either online or actual are Greed and addict

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Good gamblers will not too many compare to bad gamblers, and we already know that only some gamblers who can control themselves in the gambling games. That is because they always remember that gambling is not a way to make money, and they don't have to rely on gambling to make money. They should use and search the other jobs to make money then they can really make money like other people. In a long time, gambling will only cost us and will make our money empty.

[kennen1113]

Taken gambling as a source of income is a very bad idea because that will make you invest the money you can't afford to lose with the mind that you will make it big from gambling and at the end you will lose more money. If you want to stop losing more then you have to stop trying to gain back what you have lost while playing gambling.

That's not what I understand it, for me, when you are taking gambling as a source of income, you are investing on it, and every investor has to risk money and that is the bankroll you will start as a gambler which you will use throughout your journey.

A good gambler is a wise gambler who always follows the principle which is to invest what he can afford to lose.

Investment is different from gambling and shouldn't be compare to each other, even those professionals who engaged in gambling full-time are very rare as many of them still have their secret life of income and not solely dependent on their gambling life. Don't be fool by saying that there is something called gambling investment, gambling is more wost than investment.

Indeed, investing and gambling despite some similarities but clearly, gambling can only be entertainment, cannot be considered investment because we can only give money to others or we can only preserve our capital, we can see that if we are not experts, the end will be lost, if we are an expert in gambling, we will sometimes win and sometimes we will lose but the profits are never significant, and to sum up, we're just going in a circle. Investment is in need of a winning rate and a relative level of risk, it is not inclined to one side as gambling, should not be compared

[janggernaut]

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Investing our money in gambling site isn't bad idea. The fact is it has lower risk than gamble our money. The risk while investing our money only you will lose some once whale won huge amount or getting scammed by the site (if you invested in trustworthy site, this shouldn't a problem)

[joshy23]

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Investing our money in gambling site isn't bad idea. The fact is it has lower risk than gamble our money. The risk while investing our money only you will lose some once whale won huge amount or getting scammed by the site (if you invested in trustworthy site, this shouldn't a problem)

Investing to sites bankroll will add good passive income, it will take some time to get your share profits but it's lessen your chances to get addicted or to lose big amount of bankroll, unlike playing your money which can cause danger to yourself as it can potentially ruined your financial assets once you get too attached and addicted.

[jostorres]

If you want to be big in gambling then you should learn to accept defeat and be comfortable with the little wins, it doesn’t make you a mediocre in anyway. It’s sweeter to have a little win than to lose it all completely. It’s not in all cases we can withdraw a part of the money, sometimes it’s better to take it all and quit for the day, I think this is where setting limit in playing comes in. Imagine winning just $100 in a game and you can’t really replay with something lesser, it won’t be wise to replay with just $50, so you are to either play with the full cash or withdraw, in cases like this withdrawing is better.

[South Park]

snip

2. Don't gamble while you are intoxicated, for obvious reasons judgement is impaired and you will be reckless with how you play.

snip

When you are playing in physical casinos the second point you bring is probably the one that carries the greater risk over the long run, it is known that if a casino sees that you are winning some money when you are gambling that they will offer you a few drinks, and while this may seem like a nice gesture the truth is that the manager is expecting that you get intoxicated and you begin to take reckless decisions with your money and most of the time they are successful and the player losses everything he has won until that point.

[emberbekas]

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Investing our money in gambling site isn't bad idea. The fact is it has lower risk than gamble our money. The risk while investing our money only you will lose some once whale won huge amount or getting scammed by the site (if you invested in trustworthy site, this shouldn't a problem)

Indeed, investing in a gambling site bankroll could be the good way to choose for long term investment. Based on what we see and read from gamblers experiences, most of them are in the negative profit after playing for some period of time. But for sure we should put our money in a trustworthy site and it'll need time before we can get good profits from such investment.

[ethereumhunter]

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Investing our money in gambling site isn't bad idea. The fact is it has lower risk than gamble our money. The risk while investing our money only you will lose some once whale won huge amount or getting scammed by the site (if you invested in trustworthy site, this shouldn't a problem)

Yes, it is. But we need to select the right gambling website so we can see and expect that our investment will grow in the future. I asked my friend who already invest their money to the gambling site, and they said that it still work to them but unfortunately, they don't tell which website that they used to invest the money.

We need to be careful about choosing the website because we need to know if that gambling site will operate in a long time, and still paying their member for the investment.

[mich]

Some rules and logics I use when I gamble include-

Do not chase loses under any circumstances
Do not play many parlays they are suckers bets
Do not make a wager because the match is on tv
Only make a wager if you feel you have a advantage 

[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.

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.

Personally I'd prefer to immediately send the "winnings" to a different account and consider that as income. You make a bet, if it wins you get the "capital" back and use that to play and the "prize" isn't added back to the fund. The "gambling" pot gets smaller but the "income" is placed into a different budget where it'll be used for other things.

No matter what happens you've already set aside some money. I think seeing the gambling fund getting smaller as the weeks pass can make people a bit more conservative, at least until it gets topped off again next month.

[btc78]

Investing in gambling could be a way to make money, but I don't know if now that method still works or not because everything has changed now. Maybe if he can invest and make some money from investing in gambling, then that is good for him. But all in all, I think it is better to choose the other way to invest because the risk will be bigger for us.

Investing our money in gambling site isn't bad idea. The fact is it has lower risk than gamble our money.

Actually I’m planning this before the market comes bull this second quarter mate,being desperate to find something worth investing but good that market pumped and my folio filled with profit

The risk while investing our money only you will lose some once whale won huge amount or getting scammed by the site (if you invested in trustworthy site, this shouldn't a problem)

I believe that only fool and greed will commit investing with scam sites because they are promising undeniable amount of profit in which too good to be true.so if you’re greedy enough to bite their baits then sorry for you..
Anyway investing in gambling than Playing is much safer I guess