Threshold of Loss in Gambling

[Hydrogen]

My question is, can you remember a time when you reached your threshold of loss while gambling?

My loss threshold was never defined by monetary loss. Rather losses due to controversial judging decisions in MMA.

A high percent of my losses were GGG vs Canelo, Adelaide Byrd scenarios where spectators overwhelmingly thought a fighter won the decision. And judges inexplicably cast their votes in the opposite direction.

That was the main variable in abandoning sports gambling as a serious pursuit. And taking it up as a casual small time thing.

I would guess many others can relate to this. Especially in the 2022 season, which has enjoyed the most controversial judging decisions of all time.

[aioc]

I will attempt to define threshold of loss as regards gambling as the minimum intensity at which a gambler can no longer tolerate a loss.

My question is, can you remember a time when you reached your threshold of loss while gambling?

My threshold loss is the money I deposited or allocated I always expected that after the session I can lose that money, I never force my way to win games or the jackpot, if I win that's great if I lose that's part of the game and I'm here to have fun and to keep the adrenaline going it's not the win for me its the fun, the feeling is worth especially when you're playing games like the crash game.

[goinmerry]

We should not make things complicated. If we do gamble, make sure that be responsible at all times. I don't believe that a certain capital should only be used. It can't even be followed most of the time. It's a distraction for me honestly.

Regardless, know when to stop and not to push through too much even if it's hard to resist.

I'm not setting any threshold or what. That's not even necessary and helpful. As long as I think that something is going wrong now in the middle of my betting session, I will stop and take a break, maybe several hours or another day. Then come back later and will attempt to do another round.

[dunfida]

I will attempt to define threshold of loss as regards gambling as the minimum intensity at which a gambler can no longer tolerate a loss.

My question is, can you remember a time when you reached your threshold of loss while gambling?

My threshold loss is the money I deposited or allocated I always expected that after the session I can lose that money, I never force my way to win games or the jackpot, if I win that's great if I lose that's part of the game and I'm here to have fun and to keep the adrenaline going it's not the win for me its the fun, the feeling is worth especially when you're playing games like the crash game.

You should know on drawing a line on which if ever you had spent up all the money you had allocated for such sessions then dont tend to deposit or add up more because that would really be causing much bigger problem.

Speaking on winning situation then it would be the same on which you would really be also have that kind of control on stopping right away before you would be giving back those winnings into the house again.

If you are playing with entertainment then most likely you would continue to play but if you are really that greedy then you would do the same thing but if you are really that minding on to make
profits then its up to someones control on stopping midway.We do have different levels of threshold but at least you should stick out in most considerable or fine line.

[coin-investor]

Gamblers should have their threshold loss to avoid huge losses, you need to have a point where you have to stop and come back next time or when you feel that you have served your needs for entertainment, this is a sign that you have control over your gambling activity.
You know a person is addicted to gambling when you cannot stop him from playing and he has no control on how and when to stop that is why we have a need to set up our own threshold loss and strictly follow it.  

[arwin100]

We should not make things complicated. If we do gamble, make sure that be responsible at all times. I don't believe that a certain capital should only be used. It can't even be followed most of the time.
I'm not setting any threshold or what. That's not even necessary and helpful. As long as I think that something is going wrong now in the middle of my betting session, I will stop and take a break, maybe several hours or another day. Then come back later and will attempt to do another round.

I'm not also setting any threshold since every time I play I have different amount used to play so it will all depends on when I get bored playing. But I make sure I will not exceed 100% total amount of money brought playing since this is bad figures to lose already.

And I'm sure many people also don't have threshold since many people play just to have fun and if continuous playing will be stressful especially when they are in losing side for sure they quit immediately and rest.

[coupable]

I will attempt to define threshold of loss as regards gambling as the minimum intensity at which a gambler can no longer tolerate a loss.

My question is, can you remember a time when you reached your threshold of loss while gambling?

My threshold loss is the money I deposited or allocated I always expected that after the session I can lose that money, I never force my way to win games or the jackpot, if I win that's great if I lose that's part of the game and I'm here to have fun and to keep the adrenaline going it's not the win for me its the fun, the feeling is worth especially when you're playing games like the crash game.

In theory, the issue seems simple. Especially if you are making a general record of the total losses and profits that you get while gambling.
The general rule for this will not change: You should never bet on what you cannot afford to lose.
I know that it is never easy for any gambler to control his game mode through the recordings but it might be a good suggestion for those who want to organize their activity on the gambling platforms as this is equally possible and easy.

[Wexnident]

Not really no. Rather instead of a loss, I just set a maximum amount that I can use to gamble and I'm free to spend it all or not depending on how I feel. I consider that set amount as something I've already lost, so if you can count that as one then that would be mine.

There's instances though where money is left because I won quite a bit, but even then It'd highly depend on how I'm feeling as to whether I'd actually continue or not.

[Darker45]

As far as my own observations are concerned, I disagree with the findings of this study. Or perhaps they are referring to occasional gamblers like me. To those who are always gambling, small wins don't count. As a matter of fact, they wouldn't stop gambling even if they are already winning big, to the point that many of them would end up going home with nothing.

And they tolerate not only small losses but even huge losses. I don't know if they even have a loss threshold. Many gamblers I know play down to their last penny. They are willing to pawn or even sell some valuable stuff in order to continue gambling. They don't stop easily.

[Kemarit]

My question is, can you remember a time when you reached your threshold of loss while gambling?

LOL, just three weeks ago, play 2 nights in a two and never win, so it was painful and frustrating, so I say that I will not play on a land base casino again as I have reach that threshold. But knowing myself, maybe it will just take me a month or two before that addiction sets in again and then go back and play once more. However, we can still play online right? but yeah, I also quit, maybe some occasional sports here and there but not that big bet though as compare to that 2 nights lost that I have suffered.

[Don Pedro Dinero]

As far as my own observations are concerned, I disagree with the findings of this study. Or perhaps they are referring to occasional gamblers like me. To those who are always gambling, small wins don't count. As a matter of fact, they wouldn't stop gambling even if they are already winning big, to the point that many of them would end up going home with nothing.

And they tolerate not only small losses but even huge losses. I don't know if they even have a loss threshold. Many gamblers I know play down to their last penny. They are willing to pawn or even sell some valuable stuff in order to continue gambling. They don't stop easily.

That's what I was thinking. In my case I only play occasionally and small amounts, although sometimes I can play a bit more but on this board we have seen people telling their own experiences losing money, much more than expected, chasing their losses, which indicates that they didn't have a threshold. Or if they did have a threshold, once they exceeded it, they went into a kind of trance-like state and didn't care.

[lienfaye]

My question is, can you remember a time when you reached your threshold of loss while gambling?

Everytime I gamble I already have fix amount to use when playing. Im not counting the losses if I spent all my capital and didnt had the chance to win. Its because im not playing to earn (though winning is of course one of the goal if you gamble). If you keep playing even you're in losing streak that can lead to further losses. So instead of having a loss threshold, I have a fix money meant for gambling regardless of the result when I play that amount.

[GreatArkansas]

(....)
My question is, can you remember a time when you reached your threshold of loss while gambling?

Yeah, for me when I already realized that my losses are too much already that I can't afford anymore to lose some.
For me, having a threshold on gambling is good, it will help you not to get rekt or become bankrupt. Chasing your losses in gambling is very bad especially if you are greedy and you want those back in just short period of time, it's not good.

[ralle14]

My question is, can you remember a time when you reached your threshold of loss while gambling?

There are different factors for me like sometimes it'd be related to my bankroll, schedule of matches, and unpredictability since most of my betting is coming from the sportsbook side instead of the casino. There are times when certain events feels way too unexpected then eventually it'll lead me to a few losses in a row encouraging me to stop, call it a day and observe the teams if I plan to continue betting on the upcoming matches. When it's related to my bankroll it's usually because of having an aggressive strategy and my bankroll could only sustain a specific amount of losses.

[Reatim]

I am far different from this because I only allot my gambling funds for a certain time , example my monthly budget is 100-300 dollars only as that is the amount me and my wife come to agreement .
so when that was reached then I will stop playing , but also I have a target win like doubling my capital, If i am using 200$ to gamble? when i reached 400 then I quit.

[rahmad2nd]

I can't determine the threshold in every time I play gambling, it depends on what I'm playing. but if you refer to what you describe according to research, gamblers are happy with small wins it is true and tolerate small losses, but when a gambler has reached the threshold of losing I think this is different for each person, if the gambler has a tendency to addiction it is very possible he  will deposit money back to play. Referring to the op's question: I only allocate 5% of the weekly money regardless of winning or losing.

[davis196]

Gambling is fun. And it doesn't matter whether you go to a land-based casino to bet or an online casino. When we bet, we celebrate our wins and count our losses. According to this study, the researchers found that gamblers are satisfied with small wins and will tolerate small losses but when they hit the threshold of loss, they will not play anymore.  I will attempt to define threshold of loss as regards gambling as the minimum intensity at which a gambler can no longer tolerate a loss.

My question is, can you remember a time when you reached your threshold of loss while gambling?

My threshold of loss is really low, but I have always gambled with small amounts of money.
When I saw this forum thread title, I thought that you are going to discuss about crypto casinos imposing a threshold of loss, above which the gamblers aren't allowed to bet money on that particular casino. I guess that no crypto or fiat casino in the world would agree to put limits on it's own revenue and profits. Casinos are the making most of their money out of the gambling addicts. Sad but true.
This study doesn't bring anything new to the table. We already know that most players gamble for fun and the hardcore gambling addicts are a minority.

[adzino]

Gambling is fun. And it doesn't matter whether you go to a land-based casino to bet or an online casino. When we bet, we celebrate our wins and count our losses. According to this study, the researchers found that gamblers are satisfied with small wins and will tolerate small losses but when they hit the threshold of loss, they will not play anymore.  I will attempt to define threshold of loss as regards gambling as the minimum intensity at which a gambler can no longer tolerate a loss.
-snip-

I thought when people start losing they end up chasing their loss until they can no longer afford to lose. I have seen many gamblers that have reached their loss threshold but end up gambling more to cover all their loss. It in most cases, never ended well at all.

My question is, can you remember a time when you reached your threshold of loss while gambling?

Don't know about me, but I guess it would be their whole balance?

[danherbias07]

$300 in a day loss. I can still remember the emotional state it brought me after that.
It may be small for others but for a third-world country that's a month of salary now and even for a high-rank employee 5 years ago.
A stupid mistake trying to chase for my loss which we all know is an ingredient for chaos to lose more and it did happen.
I changed the game I play to sports betting because dice are where you wouldn't stop betting. Now, I only bet once a day and would not even reach that amount.

[Poker Player]

In my case playing poker the threshold I have is more mental than economic. If you play EV+, even if you are losing it's worth to keep playing as long as it doesn't affect your mental state. But if you have been losing a lot and you start to feel a bit tired or something, it's better to stop playing.