Threshold of Loss in Gambling

[Silberman]

I cannot speak for other people, but I am a very disciplined gambler. I have a weekly "entertainment" budget for gambling, so I make sure that I pay all my expenses first and then allow for a small portion of my remaining budget to go towards "gambling".

The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems. 

Having a gambling budget is a good idea, some people do not see this with good eyes as they think that for a person to have some money destined to gambling already then that person must have some problems with their gambling, but in fact it is the opposite, those which have a budget for their gambling activities are the ones that have the most control over their gambling as if at any moment they spend their gambling budget then they stop gambling immediately and then do something else to entertain themselves.

[cryptomaniac_xxx]

I cannot speak for other people, but I am a very disciplined gambler. I have a weekly "entertainment" budget for gambling, so I make sure that I pay all my expenses first and then allow for a small portion of my remaining budget to go towards "gambling".

The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems. 

Having a gambling budget is a good idea, some people do not see this with good eyes as they think that for a person to have some money destined to gambling already then that person must have some problems with their gambling, but in fact it is the opposite, those which have a budget for their gambling activities are the ones that have the most control over their gambling as if at any moment they spend their gambling budget then they stop gambling immediately and then do something else to entertain themselves.

I also said that to myself that I need to play with some budget, but guess what, it's not going to happen specially if you lost a lot in the beginning. So kudos for those who can play within budget, but that could be more on an exception rather the norm in gambling. So it's either no gambling at all instead of playing within a budget because it's really hard to control when you are in to it.

[blue_hurricanger]

It depends on what kind of gambling I was playing. If it's just some small bets, I would allow at most $100 for a day. Any more than that, I think it will be stuck on my mind for days and lead to bad productivity for the days after that. For one time where a team I like was playing or I'm feeling lucky, $1000 at most.

[hyudien]

I cannot speak for other people, but I am a very disciplined gambler. I have a weekly "entertainment" budget for gambling, so I make sure that I pay all my expenses first and then allow for a small portion of my remaining budget to go towards "gambling".

The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems. 

I think the method you are using should be imitated instead of doing more difficult calculations like the people above. Allocate funds from the remaining basic needs, and you use them according to the balance that has been set every week. In my opinion, this is much more effective and applies simple discipline but gives the impression of a limit on the money spent. This should be a consideration for people who find it difficult to manage their finances in gambling.

[ethereumhunter]

Ever since I stated gambling I have a rule that always govern me how I play gambling,  I always have a budget for every gambling I play whether I loss or win I don't go further with an extra amount, because I know if continue I ended up to loss I won't feel happy.  So I always have a limit both for loss and win.

That's good that you don't find it difficult to use your money to gamble and will never increase the amount of money you spend because it won't always give you good results either. It is better to have a limit on gambling so that we will never experience a big loss because we can control the amount of money we use. It also helps us in overcoming addiction problems that can come at any time. If we keep doing this, we can surely enjoy gambling and avoid addiction.

[gabbie2010]

I am very strict with the way I gambled, once I made some profits I quickly transfer my profits to my wallet and continue gambling with the remaining funds to avoid the temptations of gambling with higher funds as well as losing it, though in few occasions if I lost all my funds on gambling I will deposit another small fund and repeat the whole process again in a long run I earn some reasonable amount of profits though I have to be extra careful and avoid greediness while aiming for small profits all these requires some discipline and rules which I followed wholeheartedly.

[masulum]

The saddest loss I can remember was, when I had to burn $600 in one day for losing. Initially only made a very small deposit, only $30, the loss made me angry and then I played for an additional $100, when this additional ran out, I added an initial, until this loss consumed all. This happened a few months ago. Until now, I have not been able to win with that amount. the best wins only end up at $200 and, I use money from thwse win to gamble again, you can make a guess what will happen. LOL.

[hahay]

I think not all gamblers have limits in gambling, only gamblers who apply discipline will remember or realize that when they reach the threshold of losing it is their time to stop. Therefore, most of those who cannot manage their finances in gambling are not aware of the higher loss threshold because they will continue to bet as long as they have money. It is unfortunate indeed, but cases like this are indeed difficult to avoid, especially for those who do not have much experience in gambling.

[Jemzx00]

Having a gambling budget is a good idea, some people do not see this with good eyes as they think that for a person to have some money destined to gambling already then that person must have some problems with their gambling, but in fact it is the opposite, those which have a budget for their gambling activities are the ones that have the most control over their gambling as if at any moment they spend their gambling budget then they stop gambling immediately and then do something else to entertain themselves.

I also said that to myself that I need to play with some budget, but guess what, it's not going to happen specially if you lost a lot in the beginning. So kudos for those who can play within budget, but that could be more on an exception rather the norm in gambling. So it's either no gambling at all instead of playing within a budget because it's really hard to control when you are in to it.

I guess it's safe to assume that all of us have already experienced budgeting our gambling activities and try to stick with the allocated amount of money or crypto. However, in times where we experience a great loss, we try to make a comeback or to recovery our losses by depositing more than what we've allocated. I, myself, also experience this situation but as time goes on I have managed to limit and stick with my budget or gambling time. What made my avoid my gambling addiction is by focusing on work and other activities.

[coupable]

I can understand that this is not easy, of course. It is a clear indication of the onset of signs of addiction.
The solution from my point of view is to record all profits and losses after making the first deposit. And before making more consecutive deposits, these recordings will help the mind to make a more reasonable and wise decision. I've seen this in a mind experiment conducted by experts in behavioral addictions, but unfortunately, more than 90 percent of gamblers do not have the time to make such recordings.

Your solution may work well, but it requires discipline to keep a record of all the advantages and disadvantages. While many of us are lazy to write down. Maybe we can do it for a week, but after that, I don't know for sure

But if we really want to monitor our activities in gambling, keeping a record of profits and losses, deposits and withdrawals are necessary to know how much money we have used. From there, we can assess whether we need to reduce the amount of money or whether we should just stop gambling. This could help us to control ourselves playing gambling and not spend too much money to play gambling.

It will not require much effort if the user uses one platform, as the system of that platform records all withdrawals and deposits in addition to the amount used in each bet and the amount of interest from it, negatively or positively. The matter becomes more complicated if a person uses more than one platform simultaneously, which makes it more difficult to find recordings without having to save them manually, which does not seem an easy process for anyone, regardless of his level.

[carlisle1]

I am very strict with the way I gambled, once I made some profits I quickly transfer my profits to my wallet and continue gambling with the remaining funds to avoid the temptations of gambling with higher funds as well as losing it, though in few occasions if I lost all my funds on gambling I will deposit another small fund and repeat the whole process again in a long run I earn some reasonable amount of profits though I have to be extra careful and avoid greediness while aiming for small profits all these requires some discipline and rules which I followed wholeheartedly.

You said it right, with discipline you'll be able to achieve your target, but without it the next you know is you already run out of fund.

It's more about how you balance yourself during the game, setting your target profits and losses. If you fill it up, then you have a better chance

of winning though if adrenaline comes up and the thinking that you can have more or win more, expect that you'll lose everything and

the chance that you'll going to add more.

[Finestream]

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

Sure. For me the threshold is the money I have deposited in my casino account. I have a rule of never adding to the balance during a session. If I lose it all it means the and for that day, maybe for longer, depending on how long it was since the last time I sent money to a casino.

Sometimes I played on a casino account with the money they gave me for free or money I got from a signature campaign. If that went to 0 I'd stop until the next paycheck.

That same goes for me too. If I gamble, I make sure I have my own intended funds for that, and if ever I lose that, that serves only for now. I’ll take my off and leave. I guess the time when you reach the threshold of loss, well maybe if you’re just a disciplined gambler, then you will not chase your losses and stop gambling right away. Otherwise, you will fall into a deep loss especially if you keep biting their offers and free bonuses, you will eventually get rekt in gambling.

[Oilacris]

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

Sure. For me the threshold is the money I have deposited in my casino account. I have a rule of never adding to the balance during a session. If I lose it all it means the and for that day, maybe for longer, depending on how long it was since the last time I sent money to a casino.

Sometimes I played on a casino account with the money they gave me for free or money I got from a signature campaign. If that went to 0 I'd stop until the next paycheck.

That same goes for me too. If I gamble, I make sure I have my own intended funds for that, and if ever I lose that, that serves only for now. I’ll take my off and leave. I guess the time when you reach the threshold of loss, well maybe if you’re just a disciplined gambler, then you will not chase your losses and stop gambling right away. Otherwise, you will fall into a deep loss especially if you keep biting their offers and free bonuses, you will eventually get rekt in gambling.

They key on here is that you should set out limits and be discplined.Dont really tend to chase up losses because as said that would really make you desperate which it is likely you would really be ending up

on depositing once again and lost it all over which is really a very common scenario to happen and thats why gambling business is profitable because of these type of people.Some are really in control
but majority is really having that impulsive or highly reactive and easily rage out.

Well its a personal kind of perception on gambling because there are some who are good on control and some are not.

[maydna]

~snip~

It will not require much effort if the user uses one platform, as the system of that platform records all withdrawals and deposits in addition to the amount used in each bet and the amount of interest from it, negatively or positively. The matter becomes more complicated if a person uses more than one platform simultaneously, which makes it more difficult to find recordings without having to save them manually, which does not seem an easy process for anyone, regardless of his level.

Yes, that's true. Those who use more than one platform may find it difficult to check from one platform to another, which is also time-consuming. Maybe he can create his own database using an application on his computer or phone and separate it from one platform to another. Thus, each data will not be mixed, and if he wants to do a check, he can collect the data based on each platform.

[Silberman]

~snip~

It will not require much effort if the user uses one platform, as the system of that platform records all withdrawals and deposits in addition to the amount used in each bet and the amount of interest from it, negatively or positively. The matter becomes more complicated if a person uses more than one platform simultaneously, which makes it more difficult to find recordings without having to save them manually, which does not seem an easy process for anyone, regardless of his level.

Yes, that's true. Those who use more than one platform may find it difficult to check from one platform to another, which is also time-consuming. Maybe he can create his own database using an application on his computer or phone and separate it from one platform to another. Thus, each data will not be mixed, and if he wants to do a check, he can collect the data based on each platform.

I am kind of an old-fashioned person so I prefer to keep all my records by myself, I know that casinos do this on their own in order to make this job easier on the gambler that wants to keep track of how much money they have spend over their time gambling at that casino, but I prefer to keep those records on my own as this make those expenses more real in my mind, and in that way I can keep myself in check and never get carried away when I gamble.

[coupable]

It will not require much effort if the user uses one platform, as the system of that platform records all withdrawals and deposits in addition to the amount used in each bet and the amount of interest from it, negatively or positively. The matter becomes more complicated if a person uses more than one platform simultaneously, which makes it more difficult to find recordings without having to save them manually, which does not seem an easy process for anyone, regardless of his level.

Yes, that's true. Those who use more than one platform may find it difficult to check from one platform to another, which is also time-consuming. Maybe he can create his own database using an application on his computer or phone and separate it from one platform to another. Thus, each data will not be mixed, and if he wants to do a check, he can collect the data based on each platform.

Unfortunately, no one does this.
Gamblers can be divided into two groups, one group addicted to gambling and practicing it intensively and is therefore only interested in playing whether it is winning or losing, and another group practicing gambling as a hobby and does not need to record the results of its bets.
These will remain just suggestions as solutions for addicts who want to phase out excessive gambling .

[Gosgosking]

I cannot speak for other people, but I am a very disciplined gambler. I have a weekly "entertainment" budget for gambling, so I make sure that I pay all my expenses first and then allow for a small portion of my remaining budget to go towards "gambling".

The problems start when you start to dive into the budget for the other things for which you have to pay for.... and when you use that for gambling. I hope other people will follow the same strategy to prevent "gambling addiction" problems. 

Yes you are making sense, praying gambling happens to be first thing to do with money it is a big problem.  But when money is being solve for major things that are important , it can be difficult for gambling to take all the money one has. Gambling should be played with extra money , not money that is supposed to spend on daily financial problems.

[maydna]

I am kind of an old-fashioned person so I prefer to keep all my records by myself, I know that casinos do this on their own in order to make this job easier on the gambler that wants to keep track of how much money they have spend over their time gambling at that casino, but I prefer to keep those records on my own as this make those expenses more real in my mind, and in that way I can keep myself in check and never get carried away when I gamble.

That's good for you because it can help track the use of money to play gambling. That way, you can calculate how much money is being used, so maybe you can reduce it if you feel the use of money is too big. I did not record my activities in gambling because I felt that I did not use a lot of money, and I had prepared the money only for gambling and nothing more.

Unfortunately, no one does this.
Gamblers can be divided into two groups, one group addicted to gambling and practicing it intensively and is therefore only interested in playing whether it is winning or losing, and another group practicing gambling as a hobby and does not need to record the results of its bets.
These will remain just suggestions as solutions for addicts who want to phase out excessive gambling .

We can provide solutions to them, especially if they tell us about their gambling problems. And if they really want to stop their gambling activities, we can help them by providing solutions about what they should do, and we can also accompany them so that they don't feel alone.

[Gianluca95]

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 that threshold of loss various between gambler to gambler, it depends from his income ecc. About me, there isn't a threshold of loss, when I start to realize that I'm losing too much, I leave casino and go to have a

walk, and will come to play in another day. I prefer to work on my psicology, and not with my threshold, because sometimes you lost too much, but also sometimes you realize giant win, so, two things is compared between

them.

[coupable]

Unfortunately, no one does this.
Gamblers can be divided into two groups, one group addicted to gambling and practicing it intensively and is therefore only interested in playing whether it is winning or losing, and another group practicing gambling as a hobby and does not need to record the results of its bets.
These will remain just suggestions as solutions for addicts who want to phase out excessive gambling .

We can provide solutions to them, especially if they tell us about their gambling problems. And if they really want to stop their gambling activities, we can help them by providing solutions about what they should do, and we can also accompany them so that they don't feel alone.

According to statistics issued by the World Health Organizations and research in the field of health, very few addicts to gambling are admitted to being in a condition that requires medical intervention. The absence of a mental health culture in most parts of the world makes the percentage of people treated for addiction very low.
On the other hand, those who receive treatment in the form of assistance classes or guidance plans such as these that we are discussing now do not find anyone who is ready to devote time to them in their narrow surroundings, and only the lucky ones have the money to join the specialized treatment centers. Of course, if they have money to spend on treatment, there is no reason for them to start gambling from the beginning and drown in it.