Threshold of Loss in Gambling

[pawanjain]

Almost every gambler would have faced this. For me it was around 2 years ago when I was gambling at various sites.
I was chasing my wins and in the process made many losses. It was one of those times that I realized this is the limit.
After that I pretty much placed small bets and never crosses my threshold ever again.

[Silberman]

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.

Some people may think that is too much money which is destined towards gambling but in my opinion if you like gambling that much then it makes sense to spend such amount to entertain yourself and use it in something you like, however the issue is that many people do not have any clear limits and in many cases even if they do have them they do not respect them, and that is when they begin to have problems to control their gambling which could eventually develop into an addiction.

[hyudien]

I don't really remember exactly what the threshold for the number of losses was, but when it comes to winnings, maybe I can still count them. In terms of gambling I really enjoy the process, I mean non-addiction makes me feel more comfortable and at ease without worrying about having to lose more.

[goldkingcoiner]

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 think for most people, they go into the gambling world without a plan or a strategy and obviously without a threshold. They just keep on gambling until all the money they own (or money that they have brought with them) is completely and utterly lost.

I would say that most think with the mentality which is that "If I can win back my loss, everything will be ok again. I just need to double down on my bet and risk everything". This is not only dangerous but foolish. But it is within human nature so I don't think anyone can be made to blame.

Best thing to do is to decide the threshold of loss beforehand and have enough discipline to leave the gambling site once you have reached it.

[Alisha-k]

It's necessary to have a plan or a target spending when it come to gambling else you may end up emptying all you have in your account. I think it's safe to say one loss after gambling is enough or me to withdraw. I could set out a specific amount for that purpose, but the thought of continuing after the first loss doesn't seem appealing any longer.

[Zlantann]

I don't have any threshold when am gambling.  I usually use my spare funds for it. Ones I loose the actual amount I have as extra funds, then I am done with games at that time. In the case of having threshold for wins, its quite difficult for me because sometimes it is my immediate needs that determines when I would quit. Maybe if I have a need to pay some bills, immediately I win that amount of money, I might stop the game for the day and go home and celebrate by paying the due or pressing bill. Generally I ensure that I don't gamble more than I can afford to loose comfortably.    

[Boristhecat]

To be honest, I didn’t really understand the meaning of this study (what new did it discover?) and I would say that the threshold after reaching which the player stops playing is always very different - even for one person. If the salary is still far away and there is already little money, then most likely the threshold will be very low, hehehe. By the way, I had a classmate with probably the smallest loss threshold I've ever seen - he hated to lose, so he basically didn't play competitive games. He never tried arm wrestling even if he was twice the size of his opponent.

[fullhdpixel]

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?

Gambling is fun if your goal is to have fun only but for those that goal is to earn and they didn't met their expectations then gambling can be stressful for them. Not all can enjoy on a land based casinos because they are noises around but they can enjoy more if they will play online on their own room while there can be some that want's the real thing (machines) and then they love to socialize with other people in a physical way.

In order to be successful at gambling, one must not count his losses because if you do then it will only give you a bad feeling and can discourage you to play gambling again but there are those who count their losses and then will try to recover it even if they know that it's almost impossible.

[erep]

I don't really remember exactly what the threshold for the number of losses was, but when it comes to winnings, maybe I can still count them. In terms of gambling I really enjoy the process, I mean non-addiction makes me feel more comfortable and at ease without worrying about having to lose more.

Actually you have to create a data table (excel) that the allocation of money has been used for the threshold in gambling, it will be easier to calculate the winnings based on the amount of money that has been deposited into gambling, if you don't have a table yet, you can take data from the deposit history and add the winning column from gambling then you will know the actual win/loss results so far.

[$crypto$]

I don't really remember exactly what the threshold for the number of losses was, but when it comes to winnings, maybe I can still count them. In terms of gambling I really enjoy the process, I mean non-addiction makes me feel more comfortable and at ease without worrying about having to lose more.

Actually you have to create a data table (excel) that the allocation of money has been used for the threshold in gambling, it will be easier to calculate the winnings based on the amount of money that has been deposited into gambling, if you don't have a table yet, you can take data from the deposit history and add the winning column from gambling then you will know the actual win/loss results so far.

I don't think about the threshold of losing or winning because for me it's not important let alone create a table in excal about deposit data if that I know I might be surprised because a lot has been deposited so I forgot and never made a table for it.
For me, gambling is fun, so there is no need to create data tables like that, but for me to lose or win, it's normal, there is no need to think too much even though I have been in gambling for a long time but my goal is not to win big, it's just a game that I want all this time.
If I remember from the ratio, maybe there are more losses than wins.

[AakZaki]

I have an experience like many others have got that bad feeling of losing so much. I think around 2 years ago or close to it that I experienced it but in my own case was not a bet money, it was a potential winning that I should have cashed out. I bet on soccer games but with little risk and when I lose it I don't chase back my money as it is dangerous to do because you will keep losing. At times I also take a break if I have made consecutive losses.

If you have succeeded in doing that, then your emotional management has been successful. It is quite difficult to train emotions and mentally, because I myself know that emotional and mental management is almost similar to trading. Those who do not have will continue to lust for profit and return losses, although in the end they will lose. It took me years to learn that. Although gambling is different, emotional control is a major factor. If your emotions cannot be managed then everything will be damaged, it should not happen to gambling or trading.

[carlisle1]

To be honest, I didn’t really understand the meaning of this study (what new did it discover?) and I would say that the threshold after reaching which the player stops playing is always very different - even for one person. If the salary is still far away and there is already little money, then most likely the threshold will be very low, hehehe. By the way, I had a classmate with probably the smallest loss threshold I've ever seen - he hated to lose, so he basically didn't play competitive games. He never tried arm wrestling even if he was twice the size of his opponent.

He value his money for sure   going back to the topic; I see your point, and it's true that gamblers have a different threshold

some can do large amount while others have only limited and they are fully aware of how to limit their gambling activities, though by doing

this as a gambler, the chance that you can see the value of your losses and your earnings, you can adjust if you see that your analysis serves

well and gives you a higher chance of winning and vice versa.

[Oilacris]

I have an experience like many others have got that bad feeling of losing so much. I think around 2 years ago or close to it that I experienced it but in my own case was not a bet money, it was a potential winning that I should have cashed out. I bet on soccer games but with little risk and when I lose it I don't chase back my money as it is dangerous to do because you will keep losing. At times I also take a break if I have made consecutive losses.

If you have succeeded in doing that, then your emotional management has been successful. It is quite difficult to train emotions and mentally, because I myself know that emotional and mental management is almost similar to trading. Those who do not have will continue to lust for profit and return losses, although in the end they will lose. It took me years to learn that. Although gambling is different, emotional control is a major factor. If your emotions cannot be managed then everything will be damaged, it should not happen to gambling or trading.

Emotional management is one of the most crucial thing that should really be learnt off specially when you are dealing with gambling or any other thing which does really need proper control on burst of emotions because with this you could really affect your decisions to be made ahead and we know that decisions on stopping when at lose is very crucial thats why on the time that you do able to stop
mid way without any problems then you had definitely able to achieve that emotional management where people should really be learning since from the start.
Dont make yourself get wrecked by gambling in terms of finances just because you had made out bad decisions due to greed and becoming that impulsive.

[erep]

snip

I'm sure gamblers really object to making data tables from gambling deposits, I'm not surprised that many have the same response because gamblers have realized that they often lose compared to winning and I only suggest a solution for gamblers who want to have detailed financial data in gambling, but the ratio of losing /win is meaningless to gamblers who enjoy it as entertainment, they tend to only deposit low funds to gamble.

[BitcoinPanther]

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

It was Monday of this week.  My threshold of loss while gambling is 30% of my income. This Monday after the sig payment, I played in Betplay depositing 30% of my signature payment.  It was good in the beginning then a series of red streaks hit me until my bankroll runs out.

[ralle14]

Losing $25 from a boxing match and $25 more from soccer will already make me think of which sport I'm not good at analyzing players. Too small for a threshold I guess but its going to occupy my mind for a day thinking why I lose.

I'd have those days as well where I struggle to get at least one win but I don't think that's small for a threshold because not everyone has a similar bankroll and others follow different unit sizing. Even though it's only a couple of losses it could be a big loss depending on the way you handle your bankroll.

I think we have our own personal threshold method and it will be good if OP summarized all the informative suggestion so that we can develop a strategy using all gathered data from experience.

Putting all of the different methods in some kind of list will be interesting to see but I doubt OP is willing to do so.

[bitzizzix]

Now I don't have or apply thresholds in gambling because I bet for fun due to busy activities, and only play on weekends and that too when I have the urge to play and play with a little extra money and with time limits.
and before I had a permanent job the threshold when playing gambling was always there but sometimes the threshold was not thought about and gambled without thinking about anything, there was playing capital and there was no not playing without thinking about previous losses or wins. And there is only a desire to play when you already have the capital even though regrets are always there but ignored. And busyness really helps us reduce or even stop gambling activities.

[coinerer]

Now I don't have or apply thresholds in gambling because I bet for fun due to busy activities, and only play on weekends and that too when I have the urge to play and play with a little extra money and with time limits.
and before I had a permanent job the threshold when playing gambling was always there but sometimes the threshold was not thought about and gambled without thinking about anything, there was playing capital and there was no not playing without thinking about previous losses or wins. And there is only a desire to play when you already have the capital even though regrets are always there but ignored. And busyness really helps us reduce or even stop gambling activities.

When gambling I always keep in mind which way I am heading.  If I lose more than 30% of my deposit.  Then I stop gambling and stop gambling for at least 5-6 hours. Then try to play well again. And if I am able to make more than 30% profit.  Then I withdrew it immediately. I try to refrain from gambling addiction

[Fundamentals Of]

If only gamblers are like this, I mean they stop when they hit a certain threshold of loss, then huge losses and even gambling addiction could be avoided. If only gamblers are already satisfied with small wins, then greed resulting to the loss of winning prizes and even a much bigger loss, could also be avoided.

I myself only set aside a small amount of money for gambling. It is basically for fun so whether it wins or not, I would quit after a while.

[uneng]

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...