Rengga Jati
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May 17, 2020, 10:28:56 PM |
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I think there is nothing better than forgetting defeat and thinking something about how to recover losses.
Pretty true, buddy. Just forget whether the win or lose! Sometimes it only triggers us to spend more money. Don't make the same way as trading, gambling doesn't need to track win or lose. It is wasting time and bring no positive effects in my view. If we think about them, and try to look for the way of recovering the losses. Otherwise, it probably takes us into more risks and losses.
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shield132
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May 17, 2020, 11:56:42 PM |
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Keeping track of your gambling money may give you advantage to have a close look at your profit & loss
Is it really important to know how much the profits and losses? I doubt you can smile after knowing them since I bet most people indeed will have more losses than profits in gambling. This way only hurts us and makes you more stressful during playing gambling. Also, I am afraid that you can't enjoy playing gambling if you are too serious considering profits or loss in each game. It isn't trading, bro! I think it will just stress me if I saw those losses and besides some of the gamblers are playing gambling because they want to be entertained and want to feel the excitement that involves money. So definitely, tracking your win and losses is nonsense, if you lose, forget about it and think a way to recover that loss. Maybe it's advantage is to have the discipline to yourself and you can foresee if there's no good path in the gambling so you will know when to quit. In any way money tracking doesn't need special calculation here i.e. you knew you got 600$ last week and now you have 200$. You bought some cigarette and snacks during the weekend, where the money went? You know "potential destination". Also it's a very bad advice to suggest gambler to think about ways to recover his/her loses if you don't concrete what ways you mean because there is very high chance this person will try to get back from loses by playing again, which in turn cause more loses and as a result, we get undesirable effect. But of course, suggesting to find a job (if he doesn't own) or setting the limit on the money that he has to spend on gambling would be wiser advice.
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michellee
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May 18, 2020, 06:00:20 AM |
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Maybe it's advantage is to have the discipline to yourself and you can foresee if there's no good path in the gambling so you will know when to quit. If the goal is only to stop gambling in the end, then noting a defeat like that is also not a very needed solution. I am sure that having a losing record will only increase pressure on players. I think that they can attract them to try to recover the losses because they always think about the amount that they already lost. Maybe some gamblers will not look that as a win or a loss record only, but they also can think about how they should use the money in gambling, and how they can limit more funds to be used for playing gambling. But as a normal person, having a losing record will make us sad, especially if we lose so much money in one day.
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limazulu
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May 18, 2020, 06:10:29 AM |
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I stick to a monthly budget. Let's say I alot 5% of my income to gambling. I just need to make sure that it will last me for the whole month so I won't need to take more money from my income. It takes discipline. And another thing, never try to chase your losses.
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MWesterweele
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May 18, 2020, 11:13:01 AM |
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I stick to a monthly budget. Let's say I alot 5% of my income to gambling. I just need to make sure that it will last me for the whole month so I won't need to take more money from my income. It takes discipline. And another thing, never try to chase your losses.
Very well said mate. At least you're not an addict. I stopped playing gambling for a year because I'd became an addict for once and I dont want repeat that mistake in which I have to lose everything before I realize that I am just wasting my money and most of my time for a nonsense thing.
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Japinat
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May 18, 2020, 11:21:00 AM |
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I stick to a monthly budget. Let's say I alot 5% of my income to gambling. I just need to make sure that it will last me for the whole month so I won't need to take more money from my income. It takes discipline. And another thing, never try to chase your losses.
Very well said mate. At least you're not an addict. I stopped playing gambling for a year because I'd became an addict for once and I dont want repeat that mistake in which I have to lose everything before I realize that I am just wasting my money and most of my time for a nonsense thing. Gambling has only become a non sense thing to you because you are not addicted, but try to gamble and be responsible for the 2nd time around and I am sure you will enjoy what you are doing. Just like you, I also made some mistakes in the past, I got addicted, but it doesn't make me stop, instead I learn and I can enjoy gambling now with proper control.
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freedomgo
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May 18, 2020, 12:02:35 PM |
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Gambling has only become a non sense thing to you because you are not addicted, but try to gamble and be responsible for the 2nd time around and I am sure you will enjoy what you are doing. Just like you, I also made some mistakes in the past, I got addicted, but it doesn't make me stop, instead I learn and I can enjoy gambling now with proper control.
I think I would agree with this, everyone has different experience in gambling but if we look at in general sense, we can see that gambling is just a real form of entertainment with some risk on it, so it's up to us on how to we handle the risk that we will not be addicted or lose more than we can afford to lose. I have been gambling and i am not winning most of the time but I can tell you that I am happy with what I am doing. I have consider it as an entertainment, so its something I have to pay just to enjoy, winning is just a bonus.
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Debonaire217
Sr. Member
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May 19, 2020, 03:30:59 AM |
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People could see gambling as a form of investment but IMO, you just take away the essential part of gambling to make you happy by betting and without considering your business money. What I mean is that, you could gamble money you can afford to lose and if you decided to take it as an investment, I think it isn't the best idea as the risk in gambling is way to high compared to usual investment platforms such as trading.
Gambling platforms are meant to provide fun and to test the luck of the person with 50/50 chance. While investment is somehow "safer" for me because when I am trading, I consider factors such as market analysis as hints to profits.
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Negotiation
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May 19, 2020, 04:07:59 AM |
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We can look for gambling in many ways but investing is better than gambling Gambling has a high loss rate It is very difficult to recover if lost but in case of investment we can easily reduce the amount of loss. I agree with you that we can easily understand investment if we analyze it properly But no one can be successful without gambling knowledge For newcomers it's a lot of risks. That's why I think we can make more profit by investing in gambling Investments are much more reliable than gambling.
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michellee
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May 19, 2020, 04:44:42 AM |
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I stick to a monthly budget. Let's say I alot 5% of my income to gambling. I just need to make sure that it will last me for the whole month so I won't need to take more money from my income. It takes discipline. And another thing, never try to chase your losses.
I guess that is one way that we can use to prevent using more money in gambling. I agree that it needs the discipline to use some money to play gambling, and we need to have the power to control ourselves for staying a long time in gambling because that can make us spend more money. Maybe that will be a way to keep track of our gambling besides making a file of our gambling activity.
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onrise
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May 19, 2020, 06:20:07 AM |
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We can look for gambling in many ways but investing is better than gambling Gambling has a high loss rate It is very difficult to recover if lost but in case of investment we can easily reduce the amount of loss. I agree with you that we can easily understand investment if we analyze it properly But no one can be successful without gambling knowledge For newcomers it's a lot of risks. That's why I think we can make more profit by investing in gambling Investments are much more reliable than gambling.
Gambling does not assured us of any returns and chance of losing money is very high . On other side if invested rightly in crypto or in other asset would yield you returns in coming time . Gambling is a quick way to lose money or make it and this shortcut does not work for all . On other side investment is generally for long term which will give you returns in a systematic manner .
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Betwrong
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I stand with Ukraine.
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May 19, 2020, 08:42:36 AM |
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I stick to a monthly budget. Let's say I alot 5% of my income to gambling. I just need to make sure that it will last me for the whole month so I won't need to take more money from my income. It takes discipline. And another thing, never try to chase your losses.
I think 5% of monthly income is the upper limit for what one can afford to lose in gambling. Some people say that 5% is too much and that it's better to not gamble at all. But let's be realistic. We can't live without a passion, or a hobby, if you will. We can't be thinking about saving money all the time. Sometimes we have to relax in order to work more effectively later, and 5% is a reasonable price for that.
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Oilacris
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May 19, 2020, 08:46:45 AM |
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Gambling has only become a non sense thing to you because you are not addicted, but try to gamble and be responsible for the 2nd time around and I am sure you will enjoy what you are doing. Just like you, I also made some mistakes in the past, I got addicted, but it doesn't make me stop, instead I learn and I can enjoy gambling now with proper control.
I think I would agree with this, everyone has different experience in gambling but if we look at in general sense, we can see that gambling is just a real form of entertainment with some risk on it, so it's up to us on how to we handle the risk that we will not be addicted or lose more than we can afford to lose. I have been gambling and i am not winning most of the time but I can tell you that I am happy with what I am doing. I have consider it as an entertainment, so its something I have to pay just to enjoy, winning is just a bonus. Its not always do talk about on stopping to gamble just because you do experience problem.We are always welcome and have the rights to play anywhere anytime and no one can stop us in doing that. What matters here is that you do know on how things work and what are the consequences lies ahead when you do let yourself break out the border.Enjoy while you do play and just spend on the amount that you are willing to lose.Dont chase losses and move on and call it a day. Rinse and repeat but be sure that you arent risking that much.
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Japinat
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May 19, 2020, 09:10:49 AM |
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Gambling has only become a non sense thing to you because you are not addicted, but try to gamble and be responsible for the 2nd time around and I am sure you will enjoy what you are doing. Just like you, I also made some mistakes in the past, I got addicted, but it doesn't make me stop, instead I learn and I can enjoy gambling now with proper control.
I think I would agree with this, everyone has different experience in gambling but if we look at in general sense, we can see that gambling is just a real form of entertainment with some risk on it, so it's up to us on how to we handle the risk that we will not be addicted or lose more than we can afford to lose. I have been gambling and i am not winning most of the time but I can tell you that I am happy with what I am doing. I have consider it as an entertainment, so its something I have to pay just to enjoy, winning is just a bonus. Those words that I have highlighted if gamblers will think like that then surely they will not be addicted. What makes a gambler addicted is when they challenge themselves and they are so optimistic despite the fact that their chance of winning is very low. When you think of entertain that you will just have to spend to enjoy, you'll not long to win big money and to win consistently, the risk is lower with this.
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freedomgo
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May 19, 2020, 09:21:42 AM |
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Gambling has only become a non sense thing to you because you are not addicted, but try to gamble and be responsible for the 2nd time around and I am sure you will enjoy what you are doing. Just like you, I also made some mistakes in the past, I got addicted, but it doesn't make me stop, instead I learn and I can enjoy gambling now with proper control.
I think I would agree with this, everyone has different experience in gambling but if we look at in general sense, we can see that gambling is just a real form of entertainment with some risk on it, so it's up to us on how to we handle the risk that we will not be addicted or lose more than we can afford to lose. I have been gambling and i am not winning most of the time but I can tell you that I am happy with what I am doing. I have consider it as an entertainment, so its something I have to pay just to enjoy, winning is just a bonus. Those words that I have highlighted if gamblers will think like that then surely they will not be addicted. What makes a gambler addicted is when they challenge themselves and they are so optimistic despite the fact that their chance of winning is very low. When you think of entertain that you will just have to spend to enjoy, you'll not long to win big money and to win consistently, the risk is lower with this. As long as you have that kind of mentality, you'll never lose more in gambling because when you gamble, you'll always be at your own range. Believe me, that is effective, and it's proven by ME. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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TheUltraElite
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So anyway, I applied as a merit source :)
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June 03, 2020, 04:58:50 AM |
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Gambling does not assured us of any returns and chance of losing money is very high . It varies with the game but yes generally speaking it is loss for the player and thats why the casino is standing tall. On other side if invested rightly in crypto or in other asset would yield you returns in coming time . Gambling is a quick way to lose money or make it and this shortcut does not work for all . On other side investment is generally for long term which will give you returns in a systematic manner . Not all investments are good for continuous flow of money. In fact those which have a steady income are generally the low risk ones and thus a low reward one too. The fact that penny stocks can go very high is why they are day traded like anything. Gambling is a method to entertain yourself by "paying" in with the wagered amount. It should be thought as that and not a mode of making money because then one becomes hell bent on thinking that they can win big and this leads to losses. You can keep track of losses or wins with a spreadsheet here but even then the value of losses will be bigger than wins in the long run of any EV- game. Some players are going for the EV+ games and those who are doing sports betting or poker professionally may end up having a better outcome. Again these games are not for everyone.
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iamsheikhadil
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June 03, 2020, 05:09:13 AM |
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At first I thought it was a good idea to track it, but then I understood, the more you track, the more you will realize how much you lost and the more you wanna play to recover those losses. Because our human mind is full of unlimited greed and hence showing it anything will just fuel the desire to gamble more! So I stopped tracking and just gamble whenever I feel like. No track of wins or losses!
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Bezobraznike
Sr. Member
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June 03, 2020, 11:48:03 AM |
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At first I thought it was a good idea to track it, but then I understood, the more you track, the more you will realize how much you lost and the more you wanna play to recover those losses. Because our human mind is full of unlimited greed and hence showing it anything will just fuel the desire to gamble more! So I stopped tracking and just gamble whenever I feel like. No track of wins or losses!
It's a good point Iamsheikhadil, and trying to recover loses will make you risk more, when you risk more you can lose again, more chances for that. One of the reasons I don't keep track of my wins and loses. I try to play and have fun, if I am good it's nice, I never go all in I try to play longer and make some little profit. I am thinking to try to deposit $10 and to try to make half a dollar or just a dollar every few days. Without withdrawing, without much risking. Is it possible to do that for months and to make something with dice and crash game mostly?
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freedomgo
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June 03, 2020, 12:32:26 PM |
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At first I thought it was a good idea to track it, but then I understood, the more you track, the more you will realize how much you lost and the more you wanna play to recover those losses. Because our human mind is full of unlimited greed and hence showing it anything will just fuel the desire to gamble more! So I stopped tracking and just gamble whenever I feel like. No track of wins or losses!
It's a good point Iamsheikhadil, and trying to recover loses will make you risk more, when you risk more you can lose again, more chances for that. One of the reasons I don't keep track of my wins and loses. I try to play and have fun, if I am good it's nice, I never go all in I try to play longer and make some little profit. I am thinking to try to deposit $10 and to try to make half a dollar or just a dollar every few days. Without withdrawing, without much risking. Is it possible to do that for months and to make something with dice and crash game mostly? Don't think you can consistently win in gambling, the fact that you are talking about dice and crash games, these games are just based on pure luck, and you need to be lucky everyday in order to win, and with the amount you gamble, I'm sure you will be bored of doing it over and over.
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peter0425
Sr. Member
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CryptopreneurBrainboss managerial service
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June 03, 2020, 12:56:02 PM |
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At first I thought it was a good idea to track it, but then I understood, the more you track, the more you will realize how much you lost and the more you wanna play to recover those losses. Because our human mind is full of unlimited greed and hence showing it anything will just fuel the desire to gamble more! So I stopped tracking and just gamble whenever I feel like. No track of wins or losses!
It's a good point Iamsheikhadil, and trying to recover loses will make you risk more, when you risk more you can lose again, more chances for that. One of the reasons I don't keep track of my wins and loses. I try to play and have fun, if I am good it's nice, I never go all in I try to play longer and make some little profit. I am thinking to try to deposit $10 and to try to make half a dollar or just a dollar every few days. Without withdrawing, without much risking. Is it possible to do that for months and to make something with dice and crash game mostly? Don't think you can consistently win in gambling, the fact that you are talking about dice and crash games, these games are just based on pure luck, and you need to be lucky everyday in order to win, and with the amount you gamble, I'm sure you will be bored of doing it over and over. Supported mate,Luck based gambling is purely for fun and not for a winning,imagine millions of combinations you need to win over just to get whan you wanted? spend your money in skilled base gambling than Dice and Crash games,i don't really advice this to others that has no big experiences in gambling games like this.
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