Be a Responsible Gambler

[michellee]

Gambling is supposed to give fun or entertainment, sometimes we lose control and we lose money, but if we have regretted it and we promise that we mature by learning from our experience, I think we can still enjoy gambling and it's not necessary to remove that in our life.

Remember, nothing bad will happen if we do "responsible gambling".

I guess so. The problem is people do not learn from the mistake and still make the same mistake in the next few days. If you already regret it because of your mistake, maybe you need to leave gambling for a while to reduce the tension or thinking about gambling. That will help you refresh your mind and learn from the mistake so when you come back to the gambling games, you can be wise managing your money and use limitations to enjoy gambling.

[Pamadar]

I guess so. The problem is people do not learn from the mistake and still make the same mistake in the next few days.

There are many gamblers like that, regret to because of the loss but do it again tomorrow and feel the same after losing more.

If you already regret it because of your mistake, maybe you need to leave gambling for a while to reduce the tension or thinking about gambling.

Best way to minimize your loses, take a break and forget your gambling activities for some days or weeks, it helps to refresh
your skills.

That will help you refresh your mind and learn from the mistake so when you come back to the gambling games, you can be wise managing your money and use limitations to enjoy gambling.

That's the idea, refresh and comeback with more control in terms of your bankroll management,.

[swogerino]

~snip~

What kind of gambling enjoyment are you talking about if the guy wanted to end his life? The only person who can enjoy gambling is someone who does not feel the loss of casino funds on his budget. If a guy is gambling with his last bit of money and borrowing money to gamble, it's an addiction that needs to be treated.

I think that addiction some times can hit us all.Today it got the best out of me and lost all in the slots.I am not addicted though because this happened to me only today and I can stay without gambling as long as I want.However it is true that people who play to the point where they think "my life is worthless now" should be treated immediately.

[Gheka]

~snip~

What kind of gambling enjoyment are you talking about if the guy wanted to end his life? The only person who can enjoy gambling is someone who does not feel the loss of casino funds on his budget. If a guy is gambling with his last bit of money and borrowing money to gamble, it's an addiction that needs to be treated.

I think that addiction some times can hit us all.Today it got the best out of me and lost all in the slots.I am not addicted though because this happened to me only today and I can stay without gambling as long as I want.However it is true that people who play to the point where they think "my life is worthless now" should be treated immediately.

Handle them immediately? But how to handle such a sensitive and relatively difficult problem, almost when they have come to the level where they no longer care about everything, neglecting a human's responsibility, even turning into a devil to make money participating in gambling, the methods of maintenance did not seem to work for them, each passing day is just their pain and affects their families. Perhaps gamblers need to put more responsibility on their entertainment, too many stories around need them to worry about, instead of just winning and losing

[livingfree]

In gambling, it is true that you can earn more within a very short time which is not always possible from trading.

I would be off comparing quick profits with gambling and trading, they're always the same in that way and both has the possibilities.

not the same because in trading cryptos we have seasons ( btc or alt season ) and if they arent in thier seasons it will be hard to earn huge profit in trading but you can earn huge amount in gambling anytime depending in your bet and luck .

Well, if you're an experienced and professional trader a season is just nothing to you and you can earn at any seasons, high or low profit.

That's why, many people still are choosing gambling rather than trading.

If it's about choice, I'd say that there are more traders than gamblers in cryptocurrencies.

they are equal because gambling and trading offers different service . one is for entertainment and the other is for profit  . if a trader is tired they will play gambling and if a gambler is broke he will go trade to build money .

How can you be sure that a trader is also a gambler? well, I'm also having that guessing time that there are more traders.

[michellee]

I guess so. The problem is people do not learn from the mistake and still make the same mistake in the next few days.

There are many gamblers like that, regret to because of the loss but do it again tomorrow and feel the same after losing more.

That is including you and me
I hope we can prevent that and we know our limit in the future and learn from the mistake.

If you already regret it because of your mistake, maybe you need to leave gambling for a while to reduce the tension or thinking about gambling.

Best way to minimize your loses, take a break and forget your gambling activities for some days or weeks, it helps to refresh your skills.

Taking a break and forget about gambling will help us calm down our emotions and reduce the tension. Maybe you can do something else to help you forget about gambling.

That will help you refresh your mind and learn from the mistake so when you come back to the gambling games, you can be wise managing your money and use limitations to enjoy gambling.

That's the idea, refresh and comeback with more control in terms of your bankroll management,.

We hope that can help us have control of ourselves and know how to manage the money.

[Peanutswar]

Gambling is one of the activities to earn money, you can win and you can lose instantly but again it depends on you how it goes works. There are a lot of gambler already gained skills we called them like a pro sometimes and they are the ones who got a lot of profit every time but they can manage their money easily it's just called the risk management even in trading we here this term but in gambling its the same the holder/player must need to keep aware about the things like this if they are already winning or losing money. If you got a winning power it's better to take home not to become greedy sometimes it's the cause of losing more than your profit. If you lose it's better to take a rest analyze and understand your mistake and take it back again if you think you ready it's a bad gambling habit just to play and want to have gambling revenge.

[Mauser]

Gambling is one of the activities to earn money, you can win and you can lose instantly but again it depends on you how it goes works. There are a lot of gambler already gained skills we called them like a pro sometimes and they are the ones who got a lot of profit every time but they can manage their money easily it's just called the risk management even in trading we here this term but in gambling its the same the holder/player must need to keep aware about the things like this if they are already winning or losing money. If you got a winning power it's better to take home not to become greedy sometimes it's the cause of losing more than your profit. If you lose it's better to take a rest analyze and understand your mistake and take it back again if you think you ready it's a bad gambling habit just to play and want to have gambling revenge.

I agree with you, risk management is the most important thing for gambling and for trading.  Bankroll management is a part of the Risk Management without we are more likely to go broke. As an responsible gambler we need to make sure that we always have some funds left to gamble on another day. If we bet everything at once and go all in, then we have the risk to bankrupt , which we should always avoid. The more we gamble the higher our chances to win big, we should always try to be responsible and go for big jackpots when we can afford it.

[Betwrong]

I suppose you mean poker tournaments with $10,000 buy-in and higher. There was even a tournament, Big One for One Drop with $1,000,000 buy-in. That's crazy, right?

A good poker player will never spend more than 1% of their poker bankroll on a tournament entry, so, obviously, most of the time they do need investors. But, it's important to understand that poker pros don't borrow money to buy a ticket. They attract investors who give them the money in exchange for a cut of the possible winnings. If the game is lost, a poker player doesn't owe a cent to anyone.

There's literally no exception to the rule that borrowing money for gambling  is wrong.

Yep, and I know. It's like sports or eSports teams, they have a group of people backing them that has investors and is connected to multiple industries. It'd be rather rare for a sole individual to actually enter poker tournaments with just him since there's a huge amount of document processing and whatnot I assume, just like how it is with some regulated pro tournaments.

Document processing isn't a problem, you can know nothing about it and still enter a tournament with professionals doing all the job regarding documentation. Sole individuals do enter poker tournaments with huge buy-ins, but those individuals are billionaires or millionaires, at least. For example, below is the info about the Big One for One Drop event in 2012:

Starting at 4:11 p.m. ET Sunday, 48 players (29 of them professionals, 19 of them big-time businessmen) will receive a stack of 3 million in chips for the $1 million they've each put up.

Surely those businessmen could afford losing $1 million, and that's why they entered.

Seeing how much some high rollers win sometimes, people are saying "You can't win big without taking big risks", but they are missing one important point: in the vast majority of cases the highrollers are putting at risk huge amounts for us, regular folks, but not that huge for them, compared to what they have in total.

[paxmao]

I suppose you mean poker tournaments with $10,000 buy-in and higher. There was even a tournament, Big One for One Drop with $1,000,000 buy-in. That's crazy, right?

A good poker player will never spend more than 1% of their poker bankroll on a tournament entry, so, obviously, most of the time they do need investors. But, it's important to understand that poker pros don't borrow money to buy a ticket. They attract investors who give them the money in exchange for a cut of the possible winnings. If the game is lost, a poker player doesn't owe a cent to anyone.

There's literally no exception to the rule that borrowing money for gambling  is wrong.

Yep, and I know. It's like sports or eSports teams, they have a group of people backing them that has investors and is connected to multiple industries. It'd be rather rare for a sole individual to actually enter poker tournaments with just him since there's a huge amount of document processing and whatnot I assume, just like how it is with some regulated pro tournaments.

Document processing isn't a problem, you can know nothing about it and still enter a tournament with professionals doing all the job regarding documentation. Sole individuals do enter poker tournaments with huge buy-ins, but those individuals are billionaires or millionaires, at least. For example, below is the info about the Big One for One Drop event in 2012:

Starting at 4:11 p.m. ET Sunday, 48 players (29 of them professionals, 19 of them big-time businessmen) will receive a stack of 3 million in chips for the $1 million they've each put up.

Surely those businessmen could afford losing $1 million, and that's why they entered.

Seeing how much some high rollers win sometimes, people are saying "You can't win big without taking big risks", but they are missing one important point: in the vast majority of cases the highrollers are putting at risk huge amounts for us, regular folks, but not that huge for them, compared to what they have in total.

That is totally right, it is said that you should not invest or bet what you can´t afford to loose. In my case that is in the range of 10 to 20 USD a year but there are many people out there that really, believe or nbot, do not even know what to do with their dough. I am talking about guys that have enough wealth for 5 generations and don´t care for any bet lower than a million. BTW, it is good learning to loose a large sum... it makes you appreciate the value of money.

[BTCLiz]

That is totally right, it is said that you should not invest or bet what you can´t afford to loose. In my case that is in the range of 10 to 20 USD a year but there are many people out there that really, believe or nbot, do not even know what to do with their dough. I am talking about guys that have enough wealth for 5 generations and don´t care for any bet lower than a million. BTW, it is good learning to loose a large sum... it makes you appreciate the value of money.

How exactly does loosing a large sum make you appreciate the value of money even more? Isn't it that you completely loose the connection to money? I cant imagine if you lost 1 Million Bucks that afterwards you appreciate money more than before...

[xSkylarx]

That is totally right, it is said that you should not invest or bet what you can´t afford to loose. In my case that is in the range of 10 to 20 USD a year but there are many people out there that really, believe or nbot, do not even know what to do with their dough. I am talking about guys that have enough wealth for 5 generations and don´t care for any bet lower than a million. BTW, it is good learning to loose a large sum... it makes you appreciate the value of money.

How exactly does loosing a large sum make you appreciate the value of money even more? Isn't it that you completely loose the connection to money? I cant imagine if you lost 1 Million Bucks that afterwards you appreciate money more than before...

If you earn a large amount of money easily and you also lose it quickly because of greediness then that is where you appreciate more the value of it. Like from my experience when I was still gambling before, I was close to having 1btc that time where I only started with a small bankroll, I recklessly bet more thinking that I could still earn and make 1btc. I increased my bet per game to earn my target amount but I am not lucky anymore and I continuously struck some losing streaks until I ended up with 0 balance. I wasn't able to sleep that day and thinking that if I did not greedy I should have a huge amount of money the next day. That was the time I appreciate more the value of money and realized that gambling is not a way to be rich.

[finaleshot2016]

That is totally right, it is said that you should not invest or bet what you can´t afford to loose. In my case that is in the range of 10 to 20 USD a year but there are many people out there that really, believe or nbot, do not even know what to do with their dough. I am talking about guys that have enough wealth for 5 generations and don´t care for any bet lower than a million. BTW, it is good learning to loose a large sum... it makes you appreciate the value of money.

How exactly does loosing a large sum make you appreciate the value of money even more? Isn't it that you completely loose the connection to money? I cant imagine if you lost 1 Million Bucks that afterwards you appreciate money more than before...

If you earn a large amount of money easily and you also lose it quickly because of greediness then that is where you appreciate more the value of it. Like from my experience when I was still gambling before, I was close to having 1btc that time where I only started with a small bankroll, I recklessly bet more thinking that I could still earn and make 1btc. I increased my bet per game to earn my target amount but I am not lucky anymore and I continuously struck some losing streaks until I ended up with 0 balance. I wasn't able to sleep that day and thinking that if I did not greedy I should have a huge amount of money the next day. That was the time I appreciate more the value of money and realized that gambling is not a way to be rich.

True, once you've lost it, you'll know how much money you've got before it's gone. In gambling and trading, I've found that greed is one of the most difficult opponents to overcome in order to make a profit every day. Always remember that profit is one of the best practices; if you've already amassed a large sum of money that an average individual would not be able to raise, you can enjoy it.

We are often optimistic that we will gain more and that the multiplier will be big, yet we do not anticipate losing it unexpectedly.

This should serve as a lesson to others that if you always take profit, you should not treat it as a way to make money like gambling, because you will always lose.

[Ultegra134]

That is totally right, it is said that you should not invest or bet what you can´t afford to loose. In my case that is in the range of 10 to 20 USD a year but there are many people out there that really, believe or nbot, do not even know what to do with their dough. I am talking about guys that have enough wealth for 5 generations and don´t care for any bet lower than a million. BTW, it is good learning to loose a large sum... it makes you appreciate the value of money.

How exactly does loosing a large sum make you appreciate the value of money even more? Isn't it that you completely loose the connection to money? I cant imagine if you lost 1 Million Bucks that afterwards you appreciate money more than before...

If you earn a large amount of money easily and you also lose it quickly because of greediness then that is where you appreciate more the value of it. Like from my experience when I was still gambling before, I was close to having 1btc that time where I only started with a small bankroll, I recklessly bet more thinking that I could still earn and make 1btc. I increased my bet per game to earn my target amount but I am not lucky anymore and I continuously struck some losing streaks until I ended up with 0 balance. I wasn't able to sleep that day and thinking that if I did not greedy I should have a huge amount of money the next day. That was the time I appreciate more the value of money and realized that gambling is not a way to be rich.

True, once you've lost it, you'll know how much money you've got before it's gone. In gambling and trading, I've found that greed is one of the most difficult opponents to overcome in order to make a profit every day. Always remember that profit is one of the best practices; if you've already amassed a large sum of money that an average individual would not be able to raise, you can enjoy it.

We are often optimistic that we will gain more and that the multiplier will be big, yet we do not anticipate losing it unexpectedly.

This should serve as a lesson to others that if you always take profit, you should not treat it as a way to make money like gambling, because you will always lose.

In both cases, trading and gambling, it's best to acknowledge when to stop and when it's time to claim profit. Being greedy can and will lead you to losing more than someone would expect. The same thing goes on when it comes to taking a loss, it's better to lose 10% of your funds than risking losing your entire investment.

[molsewid]

Gambling is one of the activities to earn money, you can win and you can lose instantly but again it depends on you how it goes works. There are a lot of gambler already gained skills we called them like a pro sometimes and they are the ones who got a lot of profit every time but they can manage their money easily it's just called the risk management even in trading we here this term but in gambling its the same the holder/player must need to keep aware about the things like this if they are already winning or losing money. If you got a winning power it's better to take home not to become greedy sometimes it's the cause of losing more than your profit. If you lose it's better to take a rest analyze and understand your mistake and take it back again if you think you ready it's a bad gambling habit just to play and want to have gambling revenge.

I agree with you there that gambling is one of the activities to earn money, actually INSTANT money. The sad part is not all the time we win ofc we can be lose. But what I am always saying is we need to gamble responsibly. We should know to have limitations because gamble addiction can destroy the person,  future and life. Gamble as much as you can, enjoy your life and have fun. But make sure that win or lose your life will be comfortable as it is for the next 5 or 10 years. Just don't play and play, study and analyze techniques to make you win. We all need to know to learned our lessons not only in life but also in gamble.

[uneng]

Gambling is one of the activities to earn money, you can win and you can lose instantly but again it depends on you how it goes works. There are a lot of gambler already gained skills we called them like a pro sometimes and they are the ones who got a lot of profit every time but they can manage their money easily it's just called the risk management even in trading we here this term but in gambling its the same the holder/player must need to keep aware about the things like this if they are already winning or losing money. If you got a winning power it's better to take home not to become greedy sometimes it's the cause of losing more than your profit. If you lose it's better to take a rest analyze and understand your mistake and take it back again if you think you ready it's a bad gambling habit just to play and want to have gambling revenge.

I agree with you there that gambling is one of the activities to earn money, actually INSTANT money. The sad part is not all the time we win ofc we can be lose. But what I am always saying is we need to gamble responsibly. We should know to have limitations because gamble addiction can destroy the person,  future and life. Gamble as much as you can, enjoy your life and have fun. But make sure that win or lose your life will be comfortable as it is for the next 5 or 10 years. Just don't play and play, study and analyze techniques to make you win. We all need to know to learned our lessons not only in life but also in gamble.

To follow the guidelines you mentioned a gambler should have a fixed budget to gamble every month, always respecting this limit to not spend money he can't afford to lose. This way it's possible to have a controlled activity in gambling that won't prejudice his financial life on long run. If he wins awesome, but if he loses it's not a problem at all, because the finances are being well managed.
And there will be always a next opportunity on the following month to play again and try his luck once more.

[nakamura12]

That's a lesson should be shared for every gambler. Not all the time you can win even though you use a strategy like martingale but it is not always on your side as sometimes it's on the casino. Gambling is a little bit the same as gambling, why? because once you start to drink alcohol beverages then you'll become an alcoholic person and won't even stop drinking which rehabilitation is what will help stop being a drunk or a gambling addict.

[hahay]

That's a lesson should be shared for every gambler. Not all the time you can win even though you use a strategy like martingale but it is not always on your side as sometimes it's on the casino. Gambling is a little bit the same as gambling, why? because once you start to drink alcohol beverages then you'll become an alcoholic person and won't even stop drinking which rehabilitation is what will help stop being a drunk or a gambling addict.

Basically it is about self-awareness, if addicts can understand about awareness then I'm sure they will be able to fight from the addiction they experience. Gambling will also begin with a game that is only for leisure and pleasure, but once they involve a lot of money in gambling then gambling is no longer the same as it was and this is what gamblers should consider.

[abel1337]

That's a lesson should be shared for every gambler. Not all the time you can win even though you use a strategy like martingale but it is not always on your side as sometimes it's on the casino. Gambling is a little bit the same as gambling, why? because once you start to drink alcohol beverages then you'll become an alcoholic person and won't even stop drinking which rehabilitation is what will help stop being a drunk or a gambling addict.

Basically it is about self-awareness, if addicts can understand about awareness then I'm sure they will be able to fight from the addiction they experience. Gambling will also begin with a game that is only for leisure and pleasure, but once they involve a lot of money in gambling then gambling is no longer the same as it was and this is what gamblers should consider.

There are addicts that are aware that they are addict themselves they just can't stop themselves to gamble. I've known many gambling addicts that they know themselves that are being eaten by the addiction they have from gambling, I myself who is an ex-gambling addict is telling them to moderate their gambling activities and be responsible for their actions but as I see that the will to stop being an addict is important not just reminders from self and others. Realization and will are the few factors for an addict to change himself.

[Hamphser]

That's a lesson should be shared for every gambler. Not all the time you can win even though you use a strategy like martingale but it is not always on your side as sometimes it's on the casino. Gambling is a little bit the same as gambling, why? because once you start to drink alcohol beverages then you'll become an alcoholic person and won't even stop drinking which rehabilitation is what will help stop being a drunk or a gambling addict.

Basically it is about self-awareness, if addicts can understand about awareness then I'm sure they will be able to fight from the addiction they experience. Gambling will also begin with a game that is only for leisure and pleasure, but once they involve a lot of money in gambling then gambling is no longer the same as it was and this is what gamblers should consider.

There are addicts that are aware that they are addict themselves they just can't stop themselves to gamble. I've known many gambling addicts that they know themselves that are being eaten by the addiction they have from gambling, I myself who is an ex-gambling addict is telling them to moderate their gambling activities and be responsible for their actions but as I see that the will to stop being an addict is important not just reminders from self and others. Realization and will are the few factors for an addict to change himself.

When solving out gambling addiction then this would be particularly be talking about one's self awareness or simply its will because you are the only one who could solve it out but if you do have a hard

time on convincing yourself then it isnt bad to consider to seek out for help in other people specially into your loved ones or some counselling with some professionals on that matter.

If you do find out yourself to be that impulsive kind of behavior then it would be better to avoid gambling for good because this would really be a big problem later on when you
do hook up yourself into addiction.