How to restrain yourself at a small loss and not spend money.

[fortunecrypto]

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

This is because of the what if factors, they spend small amount of money, and they missed winning by a close margin or they are one roll away from winning, so they add more funds until, they realized that they already pour so much money instead of their allocated money for gambling, people never stop until they lose or until they get very tired.

[1715169419]

1715169419

[Slow death]

Well, from what I've observed in recent weeks and the comments and advice I see on youtube and other sites, most people get into the world of investing and gambling to make a lot of money. Assuming that people enter the world of betting to win and win big money you can imagine that these people will not stop so easily whenever they lose money, they will do whatever they can to get money to keep playing. The main point a person should have is: a strategy. something like:

how much money do i have to play?

And if I lose all my money, where can I get more money without hurting my other expenses?

The person must have a plan and good management, but mainly must have a good knowledge of the game that will play

[tvplus006]

That’s very hypocritical word that “Don’t expect to Win” when we were in gambling better say expect to win but also expect being loser

In my opinion, if you consider yourself very addicted to gambling, then you need to choose a way of playing in which you won’t put large amounts of money on your balance. And to make such a rule that after losing the entire balance, do not replenish it again during the day.

[btc78]

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

This is because of the what if factors, they spend small amount of money, and they missed winning by a close margin or they are one roll away from winning, so they add more funds until, they realized that they already pour so much money instead of their allocated money for gambling, people never stop until they lose or until they get very tired.

But chasing the losses will only lead us to another failure that’s why better be enough if the loss is already high and we are only looking for another losing streak
Just go home and find luck in another days but for the moment admit that you have not beat the house lol

For sure there are plenty of time that you may have chance of beating it again though be ready for more losing

[wxxyrqa]

I believe that every gambler has his own reasons to gamble.  Someone is trying to earn money and it is very rarely possible to do it, while someone has a sports interest.  But there are people who experience special pleasure from gambling, while there is a high probability that in this case, gambling is practically addictive and comparable to a disease.  And if such a person experiences problems and loss of funds, then he himself will never find the strength to confront himself.

[Lanatsa]

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

This is because of the what if factors, they spend small amount of money, and they missed winning by a close margin or they are one roll away from winning, so they add more funds until, they realized that they already pour so much money instead of their allocated money for gambling, people never stop until they lose or until they get very tired.

But chasing the losses will only lead us to another failure that’s why better be enough if the loss is already high and we are only looking for another losing streak
Just go home and find luck in another days but for the moment admit that you have not beat the house lol

For sure there are plenty of time that you may have chance of beating it again though be ready for more losing

Gambling is just really having 2 outcomes which is losing and winning but majority of gamblers doesn't really accept defeat that's why they do really tend to chase up loses as hard as they can where coming to a point that they don't actually stop until they lost it all and the sad part is that they do even borrow or do took a lone just to chase up their loses
and minding to take back those loss until they do make the situation even more worst.Its just a matter of good control into your finances and if you aren't really good on handing your emotions and discipline you would definitely go to this situation.

[barbara44]

Bring enough money on the casinos and budget your money, if you can’t afford to lose more then you must not bring huge money and don’t bring any of your credit cards. Its not easy to control yourself when you are already in the casinos, but do everything to control yourself and just have fun.

I am strongly of the opinion that an individual going to a casino house with more than enough money is one mistake you never want to make because I know for sure that there is no level of that self control would stop anyone from exhausting the money there at the casino.

The best thing you can do to be a master in controlling yourself is just to set a plan, it’s even better to be short of cash than to have more than enough that would be wasted at the casino place because you will always be tempted to try with more money when you lose, but when you are out of cash, all you will do is to dust your shoes and walk out of the place. I don’t carry my credit card about not even to a casino house that is quite too risky.

[Maotezi]

You can prevent yourself from spending too much by bringing a certain amount of money, if you lose then nothing is left and you cant spend further since your money is limited.

Greed is the reason why a gambler is tempted to keep trying even he is losing his money, he want to chase the losses hoping to get it back.

Self discipline is important and dont expect to win, accept if you lose and move on.

This is one of the better ways to bring a certain amount of money, but again our greed will draw in and maybe lend (or manage money at such a time) and spend again. I'm afraid there is no right solution.

[Polar91]

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

Definitely it's because of the greed. The best thing to do in order to prevent losing everything is limiting the amount of money you're willing to risk. Don't spene all of your balance otherwise it'll be difficult for you to recover it and it also triggers lose in your self control. By simply playing the profit you've earned from your previous game, losing won't be an issue and once it occurs then you must stop and try to play again on the next day.

[rodel caling]

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

If the gambler they can't control itself that called addiction, anyway difficult to stop gambling habit even gambler know itself they spend a lot of money playing in gambling, I think nothing wrong playing gamble and lose money in every alloted from the salary for the habit fulfillment.

[dimonstration]

I believe that every gambler has his own reasons to gamble.  Someone is trying to earn money and it is very rarely possible to do it, while someone has a sports interest.  But there are people who experience special pleasure from gambling, while there is a high probability that in this case, gambling is practically addictive and comparable to a disease.  And if such a person experiences problems and loss of funds, then he himself will never find the strength to confront himself.

When we can't find a reason to escape in being addict, we should seek advice from people who are done it, or learn from those who are rich who became poor because of gambling. When  decide to play its either the gambling site have free rewards or free game, I have extra in my mobile wallet, since I have hardware wallet that all my holding are there. Since I'm not a type of playing too much due to limited time. I suggest being busy in other job makes us stay away from being addict in gambling or in anything. Make our self busy.

[Ailmand]

The best way to avoid losing all your money is to avoid being greedy and to never chase for your losses. Sometimes when we lose we always aim to either win more or to get our losses back until we don't notice that the small amount of money that is alloted for gambling now turns out to be a big lost amount. Just enjoy gambling and give your self a limit and follow that limit when gambling.

[vintages]

It still results to be being self conscious and addition of self restrictions.
Set out a specific amount to gamble with and this budget shouldn't be spent instantly. Put it little by little.
When you lose, don't try depositing more money or keep on pushing on. Just call it a day.
It may sound as easy as said but constantly practising helps a lot.

[kworrom]

If you play games of chance then you need to ask yourself if you're playing for fun or for profit.

Gambling for fun:

• Set aside an amount of BTC that you are comfortable with losing, an amount that if lost will not impact your life. Deposit this amount into your game of choice.
• Do not risk the entire amount on one bet. Make many small bets so that you can have fun gambling for longer. Stay alive. This is bankroll management.
• Remember that the longer you play the more likely it is that you will lose. The odds of the game you are playing are not in your favor. Over time you will continue to lose until you have nothing. This is baked into the design of the game. Essentially you are trading BTC for entertainment.
• If you have made a profit (you won more than you deposited) then you have beaten the odds! Withdraw when you are up. Secure your profits. You will be tempted to play more and lose it all. It's not really your BTC until it's in your wallet.
• If you have lost your entire deposit then take a break. Give yourself time to clear your head. Don't try to win everything back suddenly. You probably won't win it back, but instead will lose twice as much. Take a minute to review your play, and to think about how you can improve your strategy to last longer.
• Ask yourself if gambling was a fun experience. Would you rather have spent the BTC on Netflix and popcorn? Don't expect to profit from gambling long term. Expect to lose every deposit (while having fun in the process of playing a game).

When gambling for fun you need to accept that you will most likely lose everything you deposit. The difference between a losing gambler and a winning gambler long term is the winning gambler knows they have an advantage over the casino on every bet placed. They know the odds of the game, and have information that shifts the odds in their favor. They have a statistical edge. Many people fool themselves into thinking they have an edge when they do not. When making your next bet ask yourself... if I make this same bet 1000 times can I expect to profit?

Gambling for profit:

• Know the odds of the game being played. Is the game beatable? Make positive expected value bets (bets proven to profit over time) and avoid negative expected value bets.
• Have a clear defined edge (advantage gambling). Recognize most edges won't last forever. Constantly examine and reinvent your process.
• Practice bankroll management religiously. Separate your gambling funds from your life funds/money you use to support yourself.
• Log all bets. Re-examine past bets and seriously ask: how can I make more on what I'm winning at, how can I limit losses on what I'm losing at, how can I identify new opportunities.
• Read about cognitive biases and check your emotional state before betting. Everyday people and situations can negatively affect your emotions, don't let these affect your gambling decisions. No one can block out emotions, but you can structure when you place bets to limit exposure to emotional events.
• Use the analysis of competing hypotheses or argument mapping when making decisions. Weigh all the outcomes.
• Don't let gambling compromise your health. Eat well, sleep well, exercise. Take time to be creative, make friends, and enjoy life.
• Automate everything.

[Fredomago]

It still results to be being self conscious and addition of self restrictions.
Set out a specific amount to gamble with and this budget shouldn't be spent instantly. Put it little by little.
When you lose, don't try depositing more money or keep on pushing on. Just call it a day.
It may sound as easy as said but constantly practising helps a lot.

If you are really engaged to this activities, you need to play smart and by doing this type of system it will lessen the chance of being busted completely. As you can stop once your allocated funds already being spend or if you already reached your target earnings, The importance of having
such strategy is to maintain your financial management, it will kill your greediness if you keep practicing such system.

Gambling house is always there open to let you play, if you lose today's funds quit and be back the following day and plan or adjust with your system.

[sana54210]

They need to understand martingale. Gambling is a game of chance and the house always has the most benefit. Even if you use auto bet with a 90% ratio, losing once will result in -10% loss.  

I think we would all agree that martingale is one of the most discussed topics here on the forum and the house edge is also one of the most talked about too, which literally everyone by now understands fully too that the martingale strategy never works and the house is always the winner at the end of the day; we must need some improvement in martingale so that we may tackle the house edge if possible.

I think everyone is aware by now that martingale is a failed strategy, so why spend so much on a game that does not have any safe strategy. I only play for fun and I never spend more than $50 on any game. This amount of money is small and can be used for entertainment purpose which is the first reason behind gambling.

[alexsandria]

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

Playing gambling are way too fun and exciting when you're on the track of winning straight, it made me you do something unreliable which turns out to be supposed to a winning but an unfortunate loss. Restraining youself loss after loss is at some point unacceptable 'cause you want to regain yourself on the right pace. I think of three good things to somehow stop yourself losing too much money.
First thing, is that use a planner or a record in which will show you much have you lost so that you keep your record on a track and you'll have idea how much money have been lost.
Second thing, balance before you do the game, limit yourself and discipline to stop if you reach your certain quota on how much to spend.
Lastly, get yourself straight, and never ever think of how unfortunate you are on losing such money and just look forward for another day to come.

[shield132]

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

Depends on game to be fair. For example if you love playing live blackjack (which a lot of people enjoy cause it's an exciting experience), then you will find it difficult to stop without spending much because a lot of tables require high minimum bet (the lowest I have seen on most casinos is 5$ but there are maybe some dedicated tables with min 2$ bet).
In dice for example, you can bet some satoshi which games game very affordable to play for anyone + you have possibility to use faucet and play for free for a while, for example Bitsler offers bitsler coins and while playing for free you have ability to win in daily bitsler coin wagering contests.

[dunfida]

It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?

Depends on game to be fair. For example if you love playing live blackjack (which a lot of people enjoy cause it's an exciting experience), then you will find it difficult to stop without spending much because a lot of tables require high minimum bet (the lowest I have seen on most casinos is 5$ but there are maybe some dedicated tables with min 2$ bet).
In dice for example, you can bet some satoshi which games game very affordable to play for anyone + you have possibility to use faucet and play for free for a while, for example Bitsler offers bitsler coins and while playing for free you have ability to win in daily bitsler coin wagering contests.

Playing with very minimal amounts is one of the reason why you cant simply stop on playing specially on online ones thats why restraining yourself completely is somewhat hard.
Completely stopping will depend on how you do look out towards gambling,majority would had that main motive which on making money thats why losing either big or small doesnt matter or wouldnt be cared at all until you blown up your entire capital and thats the time you do completely stop for that day but if you do already have other funds then you would surely comeback on another day.

[Ryker1]

Completely stopping will depend on how you do look out towards gambling,majority would had that main motive which on making money thats why losing either big or small doesnt matter or wouldnt be cared at all until you blown up your entire capital and thats the time you do completely stop for that day but if you do already have other funds then you would surely comeback on another day.

Well, in short. You should manage your self not to belong on that scenario, because restraining your self is just like having self-discipline. When you are saying your self "stop", you should stop and think about the possible consequences. If you can't restrain yourself then, you are probably become addicted and going to become poor. Indeed, gambling sites are now are very hard to defeat their house edge.