Threshold of Loss in Gambling

[ethereumhunter]

I think the minimum threshold of a gambler with another will be very different because one gambler may not remember the loss threshold while gambling because he does not calculate how much money he used to gamble. Me too because I'm just playing and maybe not using 50% of the total money in my account. Maybe I can stop when I win a few spins or get $1-$5 because I'm not after gambling profits. But if I lose, I always try not to go over $5 and if the $5 limit is the loss threshold @OP is referring to, maybe $5 is the loss threshold I can accept.

We have different allocated funds for gambling so for sure, we have have different threshold. I'm only allocating a 10% portion of my salary for gambling and I usually stop whenever I lose all of it. I don't want to exceed and then regret things later on. I don't want to try hard to recover my losses using the funds that I can't afford to lose so I really control my emotions.

Yes, we have a different allocation of funds, especially for small gamblers who don't have big funds but still want to play gambling. We will definitely set aside a small part of our money to play gambling and will not deposit another amount of money if we lose. I also quit immediately if I lost everything and like last night, I had already lost $3 playing slots and once the money ran out, I just quit. I didn't think about the loss because I understood that that's what happens in gambling games.

[romero121]

I was not a big gambler, but at some situation I was forced to gamble. I started with a long term holding amount. It got lost and I had kept aside small fund believing in the growth of ethereum. By then it was just 5-10 ethereum. Started to play and within a days time I made it 100 ethereum. The same day within few seconds I lost everything. I was completely down for the next few weeks. It happened back in 2017. If I had kept what I kept aside I would've been free. Even after years if think of the incident, I feel bad and I wasn't able to make even a single ethereum further.

[CryptopreneurBrainboss]

Usually if I lose the amount I earn from the signature campaign week it's already enough to stop playing and to give a break for a decent time.

That's some nice strategy there, but never think those are free money though as you have worked for it and deserve it. Personally I love gambling with casino bonuses and the profit received form the bets. I have received multiple during my stay on the forum so the outcome of that bonus determine if I'll invest some more into betting or just retiring for the day. Since I'm not getting my daily bread from gaming I'm not force to gamble daily or more frequently although every now and then I place bets especially when they're soccer games ongoing.

Having a point at which you'll stop gambling is very effective as that help to minimize you lost because if you don't have boundaries you could probably gamble always all your available funds due to the addictiveness of the. Without this boundaries them you could be tempted into revenge gambling since the funds are available and you still have enthusiasm.

[Peanutswar]

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

Usually if I lose the amount I earn from the signature campaign week it's already enough to stop playing and to give a break for a decent time. This way, i don't lose too much money and I can always have hopes and expectations of recovering that amount someday later. It has already happened with a 50$ loss or something like that during a very short gambling session, and I felt a bitter taste on my mouth. That was my loss threshold.

By managing losses we can keep gambling without any issues on long run. The problem starts when the gambler can't stop anymore and keeps losing hundreds or thousands of dollars every time he decides playing. Then gambling stops being a hobby and starts being a curse on his life...

Playing at the current signature campaign is a good thing too because we can experience their services at the same time that's good to gamble what we can afford to lose, i do the same but in just a one time per week because I'm not totally good at gambling mostly with the card games and i cant risk a more than close to thousand because for me the earning with it is all about the daily use for living and if there's a small extra i do commit gambling too, having a gambling plan and limit is an ideal thing to do to prevent getting too much addicted.

[Smartprofit]

There is a psychological law - people are more afraid of losing than they want to win in gambling. 

Therefore, when losing a certain amount of money, the player loses the motivation to continue playing. 

How to determine the amount of money lost after reaching which the player no longer wants to continue gambling?  This is a difficult question ...

For each specific player, this amount is determined individually.  This is usually a beautiful (round) number.  For example, 100$ or 1000$. 

After losing such a sum of money, the player is afraid of getting even more losses and becomes depressed.

[swogerino]

There is a psychological law - people are more afraid of losing than they want to win in gambling. 

Therefore, when losing a certain amount of money, the player loses the motivation to continue playing. 

How to determine the amount of money lost after reaching which the player no longer wants to continue gambling?  This is a difficult question ...

For each specific player, this amount is determined individually.  This is usually a beautiful (round) number.  For example, 100$ or 1000$. 

After losing such a sum of money, the player is afraid of getting even more losses and becomes depressed.

I think this psychological level is true but if we see the winners of huge jackpots won not only in Las Vegas but also in online casinos,the people who usually win them are people who are not afraid of passing that psychological level of losing money,they are firmly convinced in themselves that whatever amount of money I lose even some amount that would make me feel sad for a long time,I need to continue because I am waiting to win the jackpot or maximum pay line of one of the slots.

To be like these people though as they say it takes to have balls and to have a lot of courage no matter the happenings during such sessions,that is why there extremely few people who enjoy these kind of jackpots in the world.

[Betwrong]

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?

I can't remember because it happened multiple times, I'd say, more than a hundred times. I have a daily limit which is different depending on how much I earn at the time, and when the limit is exceeded I usually stop. It can be a daily limit, or a session limit, and sometimes, although rare, it's a weekly limit that is exceeded in one day. Yeah, that's actually bad, I know. That means I exceed several times my daily limit. Nothing to be proud of, really. But what I am proud of is I don't play for a week after that. I don't try to recover my looses so that I could play again tomorrow. No. I just stop, and forget about gambling for a week.

[Fortify]

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?

If you're there for fun and experience a lot of losing, you'll be leaving the game pretty quickly. Take a poker table experience for example, if you are a short stack against a lot of deep stacks - they can apply a lot of pressure to you and make much riskier plays, so you better be damn good at the game or they will eventually knock you out even if it's just stealing the small & big blinds. The best thing you can do with most casinos is simply try to maximize the welcome bonuses and any promotions, because outside of that they are likely to win long term. They want you to build a habit, so the best thing to do is keep your play casual and irregular. My biggest recent loss was at a poker table in a casino and it's draining playing against pros when you know you are the fish.

[kamvreto]

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

I can't remember because it happened multiple times, I'd say, more than a hundred times. I have a daily limit which is different depending on how much I earn at the time, and when the limit is exceeded I usually stop. It can be a daily limit, or a session limit, and sometimes, although rare, it's a weekly limit that is exceeded in one day. Yeah, that's actually bad, I know. That means I exceed several times my daily limit. Nothing to be proud of, really. But what I am proud of is I don't play for a week after that. I don't try to recover my looses so that I could play again tomorrow. No. I just stop, and forget about gambling for a week.

You may still have control and be able to control your emotions at gambling, but most people when they have experienced a lot of losses and cross their loss threshold, they will panic more and not think about how much they have lost. it will get really bad if you keep repeating it every day. But you choose not to play for a week when the loss threshold has been exceeded. Trying to recover from a defeat with unstable emotions and done only in the same day, will only result in another defeat.
I just wanted to ask, do you have any other strategy to really recover from all those losses?

[bitbollo]

...
I just wanted to ask, do you have any other strategy to really recover from all those losses?

I don't think there is a strategy to recover from losses.
Maybe you can play in a smart way, avoiding risky play and try to maximize your gain... but why play in such way only when you are in loss? you should have this approach anyway anytime. A real gambler must maximize profit in all possible ways, everytime!

[karabiber]

As soon as i realize that i have reached the losing threshold, i stop gambling. But the people around me don't think so. The more they lose, the more they play. The amount of money they gamble increases to make up for their losses, but they lose. The result is extreme stress and loss of money. First of all, trust yourself. The key is to set a strategy. Don't be blind to make money. Set your loss threshold and stop gambling as soon as you get close. Habits are hard to break, but you can if you want to.

[MelodyRowell]

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?

Frankly speaking, there has always been some inner core in me that kept me from reaching the threshold of losing during gambling in time. I always somehow understood that I had to stop and wait for a little. I can say that I have a guardian angel in this regard. 

[Baofeng]

Just interesting though that the reports touches on two aspects: “hot hand myth,” and "gamblers fallacy", two erroneous believes. And take note that this article has been published in 2009, pre-pandemic and maybe there could be newer studies about the behavior of gamblers and the so called threshold losses in gambling. I'm not saying that it is not applicable to the present day, but maybe there could be new development on the gamblers mindset now, specially that majority has been into online gambling in the pandemic era.

[Reid]

I do remember. I think this is one of the unforgettable things in my life and I bet there are others who have the same experience.
When you are rekt with nothing left in either wallet or pocket, you won't absolutely forget it. 

Slots. I preferred Dice online but Slots when it comes to land casinos. It's more fun.
When I lost that amount in slots that I won't mention I feel terrible when I got home. I keep telling myself that's not me. I always have a number to stop but I keep on trying to get even and I didn't reach it until I end up with nothing.

[dataispower]

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

I think most of the times I can hit itas long as it's predetermined before you are gambling. It should have been planned in the first place on what threshold you can manage your loss, it shouldn't be just popping out of nowhere, my answer is that it's being planned or you should know how much you can gamble for a day - win or loss.

some people have the strategies in their gambling booklist of particular amount they are to use for gambling in case of losing it, people who don't know the particular amount how to spend in gambling weekly is not a good gambler, I believe not those people who do not calculate the profit and lost the making gambling per week and per month and then compare the amount of money lost and the amount of money gain for any specific amount of gambling the make is addicted in gamble. So any reasonable gambler supposed to know how much he or her supposed to go for gambling per day and per week.

[robelneo]

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?

You still have your sanity in gambling when you still think of your threshold loss, people should have and define the line of the boundary where you need to stop, when you cannot define and hold on to that line then you are on the brink of losing your control, you must always remember where your threshold loss and hold on to it, even there is a temptation to keep, and that temptation is when you are having a stroke of good lucks.

[KTChampions]

I was not a big gambler, but at some situation I was forced to gamble. I started with a long term holding amount. It got lost and I had kept aside small fund believing in the growth of ethereum. By then it was just 5-10 ethereum. Started to play and within a days time I made it 100 ethereum. The same day within few seconds I lost everything. I was completely down for the next few weeks. It happened back in 2017. If I had kept what I kept aside I would've been free. Even after years if think of the incident, I feel bad and I wasn't able to make even a single ethereum further.

Sad story. Judging by the one-time loss, you used Martingale and met with a long unfortunate series of results? By the way, in this situation, the problem is not even gambling. In those years, many people had different cryptocurrencies and sold and bought them. Those who sold found themselves in an orge loser than those who bought and held them until the next bull cycle.

[salad daging]

I was not a big gambler, but at some situation I was forced to gamble. I started with a long term holding amount. It got lost and I had kept aside small fund believing in the growth of ethereum. By then it was just 5-10 ethereum. Started to play and within a days time I made it 100 ethereum. The same day within few seconds I lost everything. I was completely down for the next few weeks. It happened back in 2017. If I had kept what I kept aside I would've been free. Even after years if think of the incident, I feel bad and I wasn't able to make even a single ethereum further.

Ethereum peak rose at the end of 2017 which has reached $750 more but I can't imagine 2017 you lost 100 ETH in an instant it certainly leaves bitter memories that will never be forgotten, but it's not really your luck so you have to spend more, now maybe it's not it will happen again but big wins in gambling like 2017 are difficult to repeat again, the only thing is that you have to be able to collect more, although now it is different but collecting Ethereum in gambling is very difficult.

[Maslate]

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

Of course, but sometimes I go aggressive and stay undisciplined because I like to chase my losses and the worst thing happened. Therefore, it's very important that we stay disciplined while gambling because the risk is high and the worst-case scenario is we might end up homeless because we become addicted to gambling.

[Hamza2424]

Loss goes on with the life but the loss in gambling is more Critical in the crypto market as gambling means the way to Lose or Win here is your luck which is always bad but pretty decent sometimes so accept the loss as the experience of life to lwarn something