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Author Topic: Do you limit your gambling time?  (Read 5380 times)
perfect999
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April 17, 2021, 01:06:20 PM
 #141

- Have a weekly budget to play and do not ever go over it?
I don't have a budget for gambling because every penny I have means a lot and I don't intend to lose a specific amount but yes I have some limits like I won't be depositing more than $50 and that amount ($50) depends on other factors like how much I have earned and saved this month.

- Not ever get in debt for gambling?
Never, taking loans to gamble is the last thing in my mind.

- Have an allocated time for gambling and never exceed it?
Not really, I gamble in my spare time and if I am winning I will keep rolling for a few extra hours.

- Gamble only socially with friends of relatives?
I gamble only online and avoid betting with friends because when you gamble among friends and family then there will be unwanted tensions and stress created for money which is not a healthy thing for any relation.

- Have someone helping you control your gambling?
Earlier my spouse used to ask me to stop when I was gambling a lot at late nights but since a few years I am more controlled with my gambling so don't need anyone to remind me to stop.
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April 17, 2021, 01:33:23 PM
 #142

Do you actually...
- Have a weekly budget to play and do not ever go over it?

Yeah, I do, since that's the easiest way of controlling the urge to gamble more and more and minimize the addiction that will eventually come with it.

The thing is you obviously experienced getting in a loss streak and found it really hard to stop, because you hear that sound in the back of your mind telling to keep gambling to get the money you lost back, and most of the time if you listen to that voice and just keep gambling you end up losing even more, now think if you gave yourself unlimited access to your funds in your bank account or your crypto wallet while gambling in a stressful mindset, do you really think there's a way that it doesn't end in a disaster and eventually ruin you in partially/fully financially?
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April 17, 2021, 05:50:30 PM
 #143

==

Thats how most of the gamblers lost their money they didn't realize that their money is draining little by little for trying out each game so maybe if we have less money better not to do it and stay only on some games where we plan to play, this is little discipline for ourselves to not get addicted playing these risky games.
Yes, that is an old story from the gambler since a long time ago. They didn't realize how their money was gone in the casino, but if they could be wise to manage their money for playing gambling, they would not lose all of the money without knowing. I admitted that having discipline is really hard and needs practice to have a strong discipline, as you said. But that is worth doing by us to prevent the loss and the important thing is we can prevent becoming addicted to gambling games.

Some players also believe in systems that are doomed to fail. Like playing strategies that they believe can only win in the end. If such a strategy existed, everybody would be winning all the time, but it can even happen in roulette that "red" comes up 15 times in a row. That's when irrationality comes into play and leads to severe losses.

That is a very typical fallacy which I also observed in real life. People cross off numbers in roulette that just showed up believing that only because they just showed up, they can't show up again anytime soon.

Everyone with basic knowledge in statistics knows that if the 30 shows up this round, the probability that it shows up next round is the same as long as the events are considered to be independent.

Funny how they cross off these numbers while it makes no sense. Same with red and black whereas that is kind of a dependent event if you put your money on black and red shows up 15 times in a row. That probability is extremely low, but if it happens you are most likely broke.

.
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April 17, 2021, 07:06:35 PM
 #144

This is about how do you make sure that you are gambling in full control. There are many people who are easily brought into gambling beyond fun and that is a problem for them and also for the gambling industry, because it is for them that there are limitations in many countries.

Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?
I'm not a frequent gambler, I will casually play a few games throughout the week, with only a few bits each time. I don't spend much time when playing either, probably a couple of rounds, approximately 10-15 minutes at most, nor do I gamble with friends or any acquaintances. Thus, I've never been in debt (yet) nor do I had someone to help me control myself.

R


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April 18, 2021, 05:27:40 AM
 #145

I'm not a frequent gambler, I will casually play a few games throughout the week, with only a few bits each time. I don't spend much time when playing either, probably a couple of rounds, approximately 10-15 minutes at most, nor do I gamble with friends or any acquaintances. Thus, I've never been in debt (yet) nor do I had someone to help me control myself.
You are an example of being a responsible gambler.

Whether how long or short your gambling time, you should be able to control yourself and never put yourself into a problem by loaning for gambling.



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April 18, 2021, 07:21:28 AM
 #146

This is about how do you make sure that you are gambling in full control. There are many people who are easily brought into gambling beyond fun and that is a problem for them and also for the gambling industry, because it is for them that there are limitations in many countries.

Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?

Not really.

I'd say that if you actively *schedule* time for gambling, then you're actually a problem gambler.

Healthy gaming should be spontaneous and fun. Obviously you need limits, but there shouldn't be any budget that is set on the regular either. Don't make it a chore, and certainly don't take it so seriously that you're convincing yourself to spend time away from family/work and take on debts. At the end of the day, you're at a disadvantage in the long run.
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April 18, 2021, 09:51:11 AM
 #147



Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?

- It's very important to not go over your limit, if you often go to your limit, then it means you are not in control of what you are doing
- Not even crossed my mind it's too risky and too dangerous, only compulsive gambler will do such a thing
- You can exceed the number of hours but never the amount of money you allocated, sometimes you are winning and you want the excitement to extent.

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April 18, 2021, 11:07:37 AM
 #148



Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?

- It's very important to not go over your limit, if you often go to your limit, then it means you are not in control of what you are doing
- Not even crossed my mind it's too risky and too dangerous, only compulsive gambler will do such a thing
- You can exceed the number of hours but never the amount of money you allocated, sometimes you are winning and you want the excitement to extent.

The last part is a good factor, you can exceed with numbers of hours but never with the amount to stake.

It's a good and responsible practice to have limitations for your gambling activities, the amount of bankroll if you are capable of contorl over, it means that you are still in good condition, most of those who can't manage ended up being addicted and the worse thing is they loses all the money that they've save.
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April 18, 2021, 06:38:13 PM
 #149

==

Some players also believe in systems that are doomed to fail. Like playing strategies that they believe can only win in the end. If such a strategy existed, everybody would be winning all the time, but it can even happen in roulette that "red" comes up 15 times in a row. That's when irrationality comes into play and leads to severe losses.
I have those experience in dice games in a 5-8 streak, which confused me about how it could happen to me. But then I realize that everything can be possible to happen in the gambling game, and I only need to understand that if it happens again, I need to break for a while and do not continue playing because that can lead me to get another losing streak. I am glad now that I can handle myself better than before, so I do not get the same experience and always try to control myself. So limiting in gambling will be important.

How can people win the lottery? Just calculate the odds of a certain event. What is the probability for red coming up 5 times in a row? Leaving aside the zero, it is roughly 0.5 to the power of 5, which is a little more than 3%. In three out of 100 instances red comes up 5 times in a row. If you play some system that relies on black showing up at some point in time, just have in the back of your mind that it is very possible red shows up 10 times in a row. It is these streaks that can make you a lot of money, but it is also these streaks that can make you go broke if you gamble using a strategy based on an expectation fallacy.
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April 18, 2021, 08:31:05 PM
 #150

How can I or anybody limit their gambling time? Gambling is for fun and entertainment cannot have boundaries and fun is always unlimited, so instead of stopping myself, I play more and more to enjoy the games and feel good. Although, I do not play with real money most of the times and use the 'play for fun' to just play those games for some peace of mind and I never limit my time for that.
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April 18, 2021, 09:01:39 PM
 #151

I'm not a frequent gambler, I will casually play a few games throughout the week, with only a few bits each time. I don't spend much time when playing either, probably a couple of rounds, approximately 10-15 minutes at most, nor do I gamble with friends or any acquaintances. Thus, I've never been in debt (yet) nor do I had someone to help me control myself.
You are an example of being a responsible gambler.

Whether how long or short your gambling time, you should be able to control yourself and never put yourself into a problem by loaning for gambling.
I don't view gambling as a way to earn money, I highly doubt that there are people making money from this. I believe that an average of 95% of us will end up losing money, while only the 5% at most will end up making a decent profit. Gambling is made in a way that we are doomed to lose, not because the games are rigged whatsoever, but because we are humans and will end up getting emotional or greedy.

Thus, I try to limit myself into putting only a little money on it, while not spend so much time that it consumes me. A few minutes ago I lost a bet, not much to be honest but was enough to make me stop for the day. Might try again tomorrow.

R


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April 18, 2021, 09:14:58 PM
 #152

Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?
Well, I think for me the first question is too much --I don't have a weekly budget but perhaps I can sustain if you would say a monthly budget. Perhaps before I can do that thing but now, we are in crisis, and every one of us seeking financial freedom.
The second one is the most important to avoid not being involved, don't even have a debt just for gambling, you are not a true gambler in that way but instead, you are the most greedy person that I have met.
For the next one --allocate time is very important when you gamble in an offline casino together with your friends and sometimes your relatives but if that is online, that is not necessary, you can gamble alone and the last one my answer is [NO], you can control yourself instead.









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April 18, 2021, 11:20:12 PM
 #153

How can I or anybody limit their gambling time? Gambling is for fun and entertainment cannot have boundaries and fun is always unlimited, so instead of stopping myself, I play more and more to enjoy the games and feel good. Although, I do not play with real money most of the times and use the 'play for fun' to just play those games for some peace of mind and I never limit my time for that.
Using play money can really make you feel the unlimited joy that a casino can give to you. You're really doing it for fun and you can do it as much time as you have.
That's the true joy that you can do when you go to the casinos that has this type of feature and that makes you have unlimited bets. But for real betting, there's really the limit, it's either with your money or your time.

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April 18, 2021, 11:39:33 PM
 #154

How can I or anybody limit their gambling time? Gambling is for fun and entertainment cannot have boundaries and fun is always unlimited, so instead of stopping myself, I play more and more to enjoy the games and feel good. Although, I do not play with real money most of the times and use the 'play for fun' to just play those games for some peace of mind and I never limit my time for that.

I am like you gambling for fun, but maybe you have good self-control and also you have a lot of free time. Meanwhile, I am different from you,
if the time to play gambling is not limited, maybe I can play all day and even every day. In my opinion, gambling is almost the same as playing
games on Play Station or Xbox. But gambling mostly involves money, so it's much more interesting for me. Same thing with playing games on
Play Station or Xbox, if it is not limited then we will lose track of time. And it will make me addicted, so in my opinion it is better to limit the time
we play gambling. So in order to prevent us from becoming addicted.




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April 18, 2021, 11:39:44 PM
 #155

- Have a weekly budget to play and do not ever go over it?
Yes.
There is already a fixed budget weekly.
Never push winning more than the budget.

- Not ever get in debt for gambling?
Of course.
I never try to get a loan or debt for gambling.
Gambling isn't a crucial thing or an urgent need, so why should get a loan?

- Have an allocated time for gambling and never exceed it?
I have no specific time or schedule for gambling.
I just gamble when I have free time and I am in a good mood.
Mostly, I gamble on the weekend, which is when I have spare time.


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April 19, 2021, 04:00:34 AM
 #156


- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?

1. Spending if i do have some extra with my current earnings
2. I dont have any debts not even in my current finance situation.I dont like to be boggled with that kind of problem.
3. Random. If i do have time then most probably i would play
4. Depends because there are sometimes that friends do really need to hang out
5. No, they dont like to touch up others business.

R


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April 19, 2021, 06:23:07 AM
 #157

That is a very typical fallacy which I also observed in real life. People cross off numbers in roulette that just showed up believing that only because they just showed up, they can't show up again anytime soon.

Everyone with basic knowledge in statistics knows that if the 30 shows up this round, the probability that it shows up next round is the same as long as the events are considered to be independent.

Funny how they cross off these numbers while it makes no sense. Same with red and black whereas that is kind of a dependent event if you put your money on black and red shows up 15 times in a row. That probability is extremely low, but if it happens you are most likely broke.
Well, they are taking into account the past records, and basing off the possibilities of what they could based on those. It isn't necessarily wrong, but I think it was a misplaced notion, especially in gambling where all chances are reset to zero when a new game starts. Still, with that, they aren't able to find anything to base their bets upon, and betting solely based on luck at times isn't really what they want, so they instead base it on past numbers that showed up. It is still a valid statistic, just that it's in no way proof that the same number would pop up. They probably just use it solely for increasing their confidence levels with regards to their bet.

R


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April 19, 2021, 07:44:44 AM
 #158

This is about how do you make sure that you are gambling in full control. There are many people who are easily brought into gambling beyond fun and that is a problem for them and also for the gambling industry, because it is for them that there are limitations in many countries.

Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?

Budget is very important as well as following your budget even though it is quite hard if there are unexpected expenses. So yes, we allocate budget in gambling but for me it is the least in my priority. If after I budget there is no budget left for gambling then it is fine. No gambling for this week.

Debt? I am not a fan of debt not only in gambling but in life. I am afraid that I may not pay for it so as much as possible I avoid of having debt. If I have no money but I want to play, then my only choice is not to play and wait for the time that I have money to be used in gambling.

Time allocation in everything that I am going to do everyday is important because too much and uncontrollable things are not good. For me, it is only discipline that we we need to make sure we can follow the allocated time. Like in budget, gambling is the least in my priority. If I am too much busy then I need to set aside this thing.

Most of the time yes I only gamble with my friends and relatives. It also becomes our bonding. I am not the type of person that go to casino just to gamble with others. I am fine with the usual people I play with and those are my friends and relatives. Well if they introduced someone new who wants to play then it is OK since it is the people I trust who introduced him/her.

No one controls me when I gamble because I know how to control myself.

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April 19, 2021, 08:19:53 AM
 #159


- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?

1. Spending if i do have some extra with my current earnings
Good attitude.
Quote
2. I dont have any debts not even in my current finance situation.I dont like to be boggled with that kind of problem.
Well Only addicted gambler has this issue i believe .
Quote
3. Random. If i do have time then most probably i would play
And funds of course.
Quote
4. Depends because there are sometimes that friends do really need to hang out
But try to avoid friends that loves to gambler so there is no bad influence in the future.
Quote
5. No, they dont like to touch up others business.
Even your family?









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April 19, 2021, 09:49:20 AM
 #160

How can I or anybody limit their gambling time? Gambling is for fun and entertainment cannot have boundaries and fun is always unlimited, so instead of stopping myself, I play more and more to enjoy the games and feel good. Although, I do not play with real money most of the times and use the 'play for fun' to just play those games for some peace of mind and I never limit my time for that.
Because the border between entertainment and addiction in gambling is really thin so time is a useful deterrent for preventing reaching the addiction part. The quote above is a different one since he/she doesn't use real money compared to other people.

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