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Author Topic: Have You Counted Or Estimate All Your Losses And....  (Read 2565 times)
iamsheikhadil
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November 17, 2019, 04:27:32 PM
 #141

Oo this is a rather awkward topic, personally I am quite passionate, which has repeatedly led to attempts to recoup on my part.
The scenario is very simple, I win, revel in victory, then lose, and from that moment I begin to recoup, and as a rule lose even more. Realizing this, I am finishing the game, thank God I have enough mind for it.

Lol, you better actually not count it, because frankly, counting it makes us take more pressure to win back what we have lost and if we don't count, then we don't have a fear or a burden of responsibility to win back what we lost.
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November 17, 2019, 04:46:59 PM
 #142

Oo this is a rather awkward topic, personally I am quite passionate, which has repeatedly led to attempts to recoup on my part.
The scenario is very simple, I win, revel in victory, then lose, and from that moment I begin to recoup, and as a rule lose even more. Realizing this, I am finishing the game, thank God I have enough mind for it.

Lol, you better actually not count it, because frankly, counting it makes us take more pressure to win back what we have lost and if we don't count, then we don't have a fear or a burden of responsibility to win back what we lost.

Counting your losses is like a double edge sword. On one side, it can help you to manage/control your bankroll so you wont lose more than your limit but on the other side it can be something like what you have just said. It depends on ourselves imho, as long as we can control ourselves then there will be no pressure for us to win what we lose back.
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November 17, 2019, 05:01:21 PM
 #143

I'm only playing a small amount but I still need a calculator to estimate all I've lost but on a rough estimate, I think I can buy a brand new motorcycle, I have been playing for quite some time now and sometimes I play daily for a week, this is where I am on leave from my work, but I have no regret, whatsoever, you want to have some good time but you have to pay a price.
I totally support what you said because having some good time usually require spending some fund and I don't see any reason why a gambler has to calculate his losses since the gambler only gambles with the amount he can afford but play daily for a week is something I somehow don't support cause it can lead to addiction.

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November 17, 2019, 05:25:12 PM
 #144

I have not, and I have no intentions to do it either, it will just disturb mental peace. One thing though, once you have realized gambling is not worth it, it's better to leave it.
I totally agree with you mate, once we have realized that we have made a mistake, it is the mistake that we should just look at and stop never to do it again and not the things that make up the mistake. I have lots so much money in gambling, and when the time came for me to realize, it was already affecting so many of my things financially till the extent of it affecting my family feeding food.

It was then I realized that it is the high time to stop this before it gets too deep or become a chronic gambler, although the reason why I was gambling was to add more money to the family, but now that I cannot achieve that through gambling, rather than calculating how much that I have lost, I would use that opportunity to just look for further solution and how to go about it.
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November 17, 2019, 05:36:34 PM
 #145

I'm only playing a small amount but I still need a calculator to estimate all I've lost but on a rough estimate, I think I can buy a brand new motorcycle, I have been playing for quite some time now and sometimes I play daily for a week, this is where I am on leave from my work, but I have no regret, whatsoever, you want to have some good time but you have to pay a price.
I totally support what you said because having some good time usually require spending some fund and I don't see any reason why a gambler has to calculate his losses since the gambler only gambles with the amount he can afford but play daily for a week is something I somehow don't support cause it can lead to addiction.
Anyway, betting small and large amounts in gambling will have an impact too, but the most important of all this is not to make a loss into a motivation to continue betting and even to stop. There are many purposes and objectives in gambling and when we have lost then let it pass and there is no need to estimate the loss because it will only give a negative effect to yourself.

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November 17, 2019, 07:16:56 PM
 #146

I'm only playing a small amount but I still need a calculator to estimate all I've lost but on a rough estimate, I think I can buy a brand new motorcycle, I have been playing for quite some time now and sometimes I play daily for a week, this is where I am on leave from my work, but I have no regret, whatsoever, you want to have some good time but you have to pay a price.
So now you really have stopped playing? The crypto that you use to bet whether comes from the money in your savings? Now many gamling sites that provide free crypto for us to play. Why don't you try it? who knows later you can take back your past defeat.
Even if you lose you will not lose anything because it all comes from free coins.
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November 18, 2019, 07:03:41 AM
 #147

Counting your losses is like a double edge sword. On one side, it can help you to manage/control your bankroll so you wont lose more than your limit but on the other side it can be something like what you have just said. It depends on ourselves imho, as long as we can control ourselves then there will be no pressure for us to win what we lose back.
Counting the losses can help people realize how much money they have been spending on gambling. For responsible and decisive gamblers it is a good method to track balances and modify them if you think you are spending too much.

It is a self-corrective method to control their gambling addiction or possible addiction which can potentially be harmful. Bankroll management is another different topic which is important for those who are placing bets on different market and need to balance how much to bet on each team but again keeping the total bankroll safe.

 
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Fundamentals Of
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November 18, 2019, 08:17:00 AM
 #148

Counting your losses is like a double edge sword. On one side, it can help you to manage/control your bankroll so you wont lose more than your limit but on the other side it can be something like what you have just said. It depends on ourselves imho, as long as we can control ourselves then there will be no pressure for us to win what we lose back.
Counting the losses can help people realize how much money they have been spending on gambling. For responsible and decisive gamblers it is a good method to track balances and modify them if you think you are spending too much.

It is a self-corrective method to control their gambling addiction or possible addiction which can potentially be harmful. Bankroll management is another different topic which is important for those who are placing bets on different market and need to balance how much to bet on each team but again keeping the total bankroll safe.

Keeping a careful track of the money that you wasted through gambling is a good practice. I guess a careful and disciplined gambler should know how to properly account for his losses and winnings. If one is not just gambling for the sake of wasting money because he has so many of them, then one has to know how to do the math.

I admit that I cannot anymore tell whether how much was already lost or whether it was bigger than my winning but I can say with certainty that my losses were not that big enough to cause any significant changes to my life. Everything is tolerable until now. 
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November 18, 2019, 10:17:22 AM
 #149

Some people are losing $100 daily or $200 a week or $500 a week how about you
Have you counted or estimate all your losses and thought what all your losses could you buy, do you sometimes stop and think on all of this.
I'm not a big gambler but I estimate I could already buy a good class mountain bike with all my losses, how about you?

I haven't counted the amount of money that I have ever lost.
That mostly happen because when I gamble I place many bets with little amounts of money. This makes me lose counting both the bets and the money used at them.
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November 18, 2019, 10:27:10 AM
 #150

Some people are losing $100 daily or $200 a week or $500 a week how about you
Have you counted or estimate all your losses and thought what all your losses could you buy, do you sometimes stop and think on all of this.
I'm not a big gambler but I estimate I could already buy a good class mountain bike with all my losses, how about you?

I haven't counted the amount of money that I have ever lost.
That mostly happen because when I gamble I place many bets with little amounts of money. This makes me lose counting both the bets and the money used at them.

me too. because in my opinion, when I count the number of my losses, I will focus to avenge the defeat and try to change the value to be plus. also when gambling just for fun, we shouldn't count losses.

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November 18, 2019, 10:27:57 AM
 #151

I'm used to counting money.
Income / expenses, it has become so habitual that I can’t imagine how I used to live without it. I regard gambling more as entertainment with the possibility of earning.
However, I record the income and expenses from gambling in a standard format, like the usual flows of my funds. It's all exactly my money, and money loves counting.

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November 18, 2019, 10:38:56 AM
 #152

I'm used to counting money.
Income / expenses, it has become so habitual that I can’t imagine how I used to live without it. I regard gambling more as entertainment with the possibility of earning.
However, I record the income and expenses from gambling in a standard format, like the usual flows of my funds. It's all exactly my money, and money loves counting.

You got the right mindset. People like you are the ones to succeed monetarily. Every movement that involves money is calculated according to its risk level. I will also try to do this. Because sometimes when youa are enjoying too much, we forget that we are also spending more than enough of our budget.

 
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Reatim
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November 18, 2019, 11:03:03 AM
 #153

I'm used to counting money.
Income / expenses, it has become so habitual that I can’t imagine how I used to live without it. I regard gambling more as entertainment with the possibility of earning.
However, I record the income and expenses from gambling in a standard format, like the usual flows of my funds. It's all exactly my money, and money loves counting.
really?wow are you an accountant?lol

is this really possible that you've said that gambling is just for fun but you literally Logged all the winnings and losses?

like what the above posters says?for sure you will become successful in life mate and hope you'll continue that attitude because that will help you prevent to become addicted in gambling.

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Assface16678
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November 18, 2019, 11:44:18 AM
 #154

Some people are losing $100 daily or $200 a week or $500 a week how about you
Have you counted or estimate all your losses and thought what all your losses could you buy, do you sometimes stop and think on all of this.
I'm not a big gambler but I estimate I could already buy a good class mountain bike with all my losses, how about you?

Playing gambling is enjoying, and if you are looking pure fun in and also gain some extra profit, your goal is to enjoy the game. Still, most of us, while enjoying the game, we didn't notice how much the money we lose every time we play. Me as a gambler too, I always playing a different kind of gambling every time because this is part of my daily routine, I need to gamble first before I finish the task I need to be pass. I just set a value of money to control and limit the possible money that I can lose. One of my most significant losses in gambling is just almost a 150 dollar because I become desperate to earn back the money, then I risk my wage, and all in the last money I have, we also called max bet. Then I regret my decision because by the end of the day I didn't get any profit.

I lost about 0.2 BTC on losses in 2019. People are hard to stop while betting and losing. I had the same situation, I tried to hope that I would be lucky next time until I lost my 0.2 BTC.
With 0.2 BTC, maybe I can buy a new computer or a terrain bike.

Some of us have our different lucky day, we are trying to play gambling because we are hoping we can get a profit by just playing, but it is not happening. Still, we just received is just a loss and deduction on our money, Sometimes we regret those mistakes and wrong decisions, but still, by the end of the day, we must think positive and trying to earn back the money we lose but not risking all of our assets.

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November 18, 2019, 01:12:23 PM
 #155

I'm used to counting money.
Income / expenses, it has become so habitual that I can’t imagine how I used to live without it. I regard gambling more as entertainment with the possibility of earning.
However, I record the income and expenses from gambling in a standard format, like the usual flows of my funds. It's all exactly my money, and money loves counting.

You got the right mindset. People like you are the ones to succeed monetarily. Every movement that involves money is calculated according to its risk level. I will also try to do this. Because sometimes when youa are enjoying too much, we forget that we are also spending more than enough of our budget.
People who have a good mindset makes a good money management, calculating both earnings and expenses can limit you up or allow you
to balance your bankroll. Though it's really hard to control when you are calculating your loses as you might be tempted to play back when
you see that you have funds to try to win back those previous losses that you have. Controlling is very needed to make sure that you are
in the positive side of this activities.
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November 18, 2019, 04:43:57 PM
 #156

Some people are losing $100 daily or $200 a week or $500 a week how about you
Have you counted or estimate all your losses and thought what all your losses could you buy, do you sometimes stop and think on all of this.
I'm not a big gambler but I estimate I could already buy a good class mountain bike with all my losses, how about you?
When i gambe i just lose only 10$-20$ because i have no hrdd work here.  And that capital if i calculate may loses is big than my winning. So we need to be smart if we entering gamble we can be a wiser person i think we need a luck also for that so we can get a profit or win a big.
100$-500$ is very big amount for a capital in building.
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November 19, 2019, 06:25:12 AM
 #157

When i gambe i just lose only 10$-20$

Losing $10-$20 is okay, but that will be a problem if you are too often to lose that amount. It is better to use $10-$20 in many times of playing gambling than to lose that amount in one time only. Maybe you can use $20 to buy a low price coin like Dogecoin and send it into your account on the gambling website so you can gamble anytime. But you need to limit the amount if you want to play and don't spend all of the amounts in one day so you can have another chance to play the next day.

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November 22, 2019, 01:38:18 PM
 #158

I didn't experience much loss in gambling, because for now I rarely play. But I remember the time every day I played gambling, There is always lost money as it loses, but I forgot how much, but not big because I was only a player with small amount, and I was still afraid to play with big amount. So I can still control it.

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November 22, 2019, 06:26:57 PM
 #159

Short answer.... "no".
Long answer.... "no because I have no loses"! Roll Eyes
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November 29, 2019, 07:09:30 AM
 #160

I didn't experience much loss in gambling, because for now I rarely play.
Then your comment is biased one because you dont play. This topic would be more informative if you were a gambler and played more frequently.

Quote
But I remember the time every day I played gambling, There is always lost money as it loses, but I forgot how much, but not big because I was only a player with small amount, and I was still afraid to play with big amount. So I can still control it.
Your post makes zero sense. If you are playing less then your losses will be less compared to someone who plays everyday. The average money spent per day is applicable only when players in comparison are playing at a fixed interval.

Then again losing money in gambling is nothing new and which is why people should refrain from chasing losses and trying to win lost money back.


 
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