Threshold of Loss in Gambling

[jrrsparkles]

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 just look at my bet history after few bets and also keep an eye on the wallet balance, if it reaches below 50% of my initial amount I had at the start then its the time to break, that is what I actually do while playing dice, slots or any other casino game and about sport betting just go with minimum amount with no expectations on rare occasion just to check my instinct is right or not.

[ChiBitCTy]

I personally normally always set myself a certain limit that I’m willing to gamble, win or lose, each time that I walk in to a casino (or play online). I normally will allow myself to gamble a little more if I win a decent amount, but normally I won’t allow myself to bet away any more than half of that.

[SirLancelot]

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.

In my initial gambling days, i never accepted my loses and always try to recover them by chasing my loses.  In these loss recovery chases, i used to lose a lot of money. The reason is that when you are chasing your loss, you are not playing normally, you are in control by your emotions and you can never win in gambling if you are not clam.
Later, i stop doing this and as soon as i lose money, i quit gambling and take the rest. We have to accept that we cannot win all games in gambling and losing is a part of  gambling.

That's odd. Basically when we are at the initial stage we will not think about the profit first but what truly amazes us is the fact that gambling is an enjoyable thing to do. This mindset can only change in the middle and on the later stages of our gambling journey. That's when we are now aiming for a certain profit whenever we enter the gambling field. Being calm when playing is good but still, it doesn't change your luck.

If you're destined to be unlucky that time then you can always lose, no matter what. Realizing the fact that not all times we can win makes me feel sad or annoyed but I have no choice but to accept it and I just gamble with small amount instead.

[Viscore]

I can't remember how much it was but that's not that much compared to those actually addicted gamblers that would be fine losing $1k in just a single spin or roll.

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.

Both are true, we're happy with small wins and that makes us content and want to gamble again sometime. And when we lose, it's the temporary halt that we have to make but after moving on, we'll gamble again from that loss.

As gamblers, losses are part in the game so even if we have endure a huge loss, the chance is we will still be gambling again not that we want to chase the losses, but because we want to have more fun in gambling. Even if we say that we have reached already the threshold of loss, for me its very normal. After taking time to rest, then there will come a time that you're excited to gamble again with a small hope that you'll be lucky this time.

[TelolettOm]

.. 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 someone is aware enough when they are at the threshold of loss in gambling, I think that it is a good awareness. Awareness of gambling is one of the ways of controlling our emotions and desire during gambling. This is not easy, of course, because the temptation to play gambling, again and again, is precisely when we are on the verge of losing. For, in fact, many people are not aware enough, moreover they are going to gamble and gamble again in order to get winning. They will expect again that they will win and turn back their money from the loss. This case is related to addiction.
I am not a kind of addicted gambler and also only play gambling for fun although also expecting for winning and earning money. But, at est, I still have enough awareness to stop when at the threshold of losses.

[serjent05]

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 just look at my bet history after few bets and also keep an eye on the wallet balance, if it reaches below 50% of my initial amount I had at the start then its the time to break, that is what I actually do while playing dice, slots or any other casino game and about sport betting just go with minimum amount with no expectations on rare occasion just to check my instinct is right or not.

I have a low tolerance when it comes to losses, so basically I always plan ahead. I always set my bankroll to the acceptable losses level and then play without worries. Since I am able to accept the losses that are the budget in my bankroll, I can enjoy the games and do anything without the worry of regretting them later.  I already learned my lesson a year ago when I get out of control during my gambling activity and pulled my crypto holdings which are around $1000 at that time to gamble and a week later it surge 10x.

[TimeTeller]

I can't remember how much it was but that's not that much compared to those actually addicted gamblers that would be fine losing $1k in just a single spin or roll.

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.

Both are true, we're happy with small wins and that makes us content and want to gamble again sometime. And when we lose, it's the temporary halt that we have to make but after moving on, we'll gamble again from that loss.

As gamblers, losses are part in the game so even if we have endure a huge loss, the chance is we will still be gambling again not that we want to chase the losses, but because we want to have more fun in gambling. Even if we say that we have reached already the threshold of loss, for me its very normal. After taking time to rest, then there will come a time that you're excited to gamble again with a small hope that you'll be lucky this time.

If you are really into gambling, you may reach your threshold of loss for the day,
but it doesn't mean that you will totally stop your gambling activities.
You will always go back to gamble, once you replenish your funds for your gambling.
On my end, I only have small threshold of loss that I can allow for myself.
But sometimes, I extend a lil bit if I feel the game is in favor with me, meaning, I am getting my winnings.

[Sterbens]

I just look at my bet history after few bets and also keep an eye on the wallet balance, if it reaches below 50% of my initial amount I had at the start then its the time to break, that is what I actually do while playing dice, slots or any other casino game and about sport betting just go with minimum amount with no expectations on rare occasion just to check my instinct is right or not.

You do well, but not all of them can be like you who in gambling can easily control financial conditions. In my opinion, people only play with their limits who are able to lose but on the other hand, people who bet and have more money, actually use it very irregularly.

[harizen]

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.

That should be.

When we are losing, just think of taking a break. It's hard to follow a certain threshold since there's always a temptation to pass our limits once we reached that point. Since we are ignoring what should just be the supposed bankroll on that day, then the best thing to do is to become responsible to stop.

Take a break then come back, later on, to see if luck is now on our side. Then if the same case happened, just repeat.

[maydna]

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.

Maybe it's a report from the World Health Organization, but we don't know what happens in real life because it will also depend on how each country handles gambling addicts. Perhaps they will be admitted to a specialized gambling addiction treatment institution and given daily training so that their minds will be distracted from thinking about gambling. And hopefully, the treatment agency doesn't ask for a lot of money because it's to help people addicted to gambling.

[P2PECS]

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.

That should be.

I think that's how most players do it, responsible. Either they have a pre-established threshold that they don't exceed, or maybe they exceed it a little but they are able to stop, leave and come back another day with a fresh mind to try their luck.

The problem is the problem gamblers, who don't stop at the limits and end up losing much more than they should.

[livingfree]

I think that's how most players do it, responsible. Either they have a pre-established threshold that they don't exceed, or maybe they exceed it a little but they are able to stop, leave and come back another day with a fresh mind to try their luck.

A strong emotion and mind is what they have. Whether they set threshold or not, they're aware when to stop and if it's necessary.

The problem is the problem gamblers, who don't stop at the limits and end up losing much more than they should.

The time will come that they'll realize that they should stop it when it should be. But as long as they still have money left on their pockets, they'll continue to gamble.

Until the time comes that they'll regret and telling themselves that they shouldn't continued and just stopped at all cost.

[Maslate]

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.

And that's where discipline would come in because without that, you can never have the courage to leave the table and to know when to stop. The thing is that we are easily drawn when it's about money and that is why we tend to dive deep in search of money, unfortunately, some people are looking for it in the wrong place and the result surely won't give us happiness because there's no discipline and without discipline, there is no proper mindset.

Gambling is okay if we have some spare cash to get involved in that activity and we must know where are our boundaries at so that we can leave the table anytime and call it a day.

[Silberman]

I think that's how most players do it, responsible. Either they have a pre-established threshold that they don't exceed, or maybe they exceed it a little but they are able to stop, leave and come back another day with a fresh mind to try their luck.

The problem is the problem gamblers, who don't stop at the limits and end up losing much more than they should.

I think it is also important to set a time limit because as we know gambling is completely random so you could literally play for hours and at the same time you could breakeven, so even if in monetary terms you have not really lost a single dollar when it comes to the time that you have invested when you gamble the amount is not small at all, so I think it is important to also keep track of the time spent at the casino since there are several other activities that we could be doing instead.

[michellee]

I think that's how most players do it, responsible. Either they have a pre-established threshold that they don't exceed, or maybe they exceed it a little but they are able to stop, leave and come back another day with a fresh mind to try their luck.

The problem is the problem gamblers, who don't stop at the limits and end up losing much more than they should.

I think it is also important to set a time limit because as we know gambling is completely random so you could literally play for hours and at the same time you could breakeven, so even if in monetary terms you have not really lost a single dollar when it comes to the time that you have invested when you gamble the amount is not small at all, so I think it is important to also keep track of the time spent at the casino since there are several other activities that we could be doing instead.

Setting time and money limits is important in gambling so we don't use our spare time just to play gambling. Maybe if we have a lot of free time, we can use it to do other things so that our minds will not only think about gambling. This is also to control the use of your money so you can use that money to fill other needs and you can also use that money to buy things you want.

Gamblers who have a problem need to realize that something is wrong with them so they can start changing it, at least for themselves. After that, they can try to reduce the time they play gambling and that, of course, will also reduce the use of their money to gamble.

[CryptoHeadlineNews]

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.

There is a statement that he who fails to plan has plan to fail, because having a budget for your gambling activities will safe you a lot from  careless spending, because we all know gambling can be addictive and if care is not taken one can possibly lavish all the money he had on him, with the mindset to recover the already lost money and if care not taken can still loss again and again. So having at least a set aside money for gambling with at either weekends or anytime is the best practice, because it put you in control over your own money

[swogerino]

I think that's how most players do it, responsible. Either they have a pre-established threshold that they don't exceed, or maybe they exceed it a little but they are able to stop, leave and come back another day with a fresh mind to try their luck.

The problem is the problem gamblers, who don't stop at the limits and end up losing much more than they should.

I think it is also important to set a time limit because as we know gambling is completely random so you could literally play for hours and at the same time you could breakeven, so even if in monetary terms you have not really lost a single dollar when it comes to the time that you have invested when you gamble the amount is not small at all, so I think it is important to also keep track of the time spent at the casino since there are several other activities that we could be doing instead.

I think that this is eliminated when we are using the online casino as mostly we play from the comfort of our home and also mostly during our free time.Personally I play when I come back from work,eat lunch,relax for one hour and then when I wake up I like to gamble for a minimum a couple of hours.This way I am not losing anything except my free time,of course it is different when you go to play to a physical casino,you dress up,take the train to go there and spend some hours there,it is only natural that you will lose something for these hours spent there.

[madnessteat]

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.

There is a statement that he who fails to plan has plan to fail, because having a budget for your gambling activities will safe you a lot from  careless spending, because we all know gambling can be addictive and if care is not taken one can possibly lavish all the money he had on him, with the mindset to recover the already lost money and if care not taken can still loss again and again. So having at least a set aside money for gambling with at either weekends or anytime is the best practice, because it put you in control over your own money

In my opinion, it is very important to be able to limit your spending in gambling because it is a great mechanism that allows you to save the budget in those times when emotions overtake reason. especially often this behavior appears at a time when a gambler loses.

I personally set myself a limit of $100 per gambling session and try to stick to this plan.

[Betwrong]

~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?

Gambling to me is like going to a movie theater and watching a movie. Do I have a strategy to "recover from all those losses", I mean, the money spent on movie tickets? No. I think, no one does. The only difference between playing slots and going to movies is that accidentally you can earn thousands times your bet with the former. But "accidentally" is the keyword here. You can't, and you shouldn't, count on it.

[Gozie51]

Gambling to me is like going to a movie theater and watching a movie. Do I have a strategy to "recover from all those losses", I mean, the money spent on movie tickets? No. I think, no one does. The only difference between playing slots and going to movies is that accidentally you can earn thousands times your bet with the former. But "accidentally" is the keyword here. You can't, and you shouldn't, count on it.

Having this kind of attitude to gambling is what it really requires to play the game and whatever is the outcome you will be happy with it and not break yourself down because of losses. There are many examples that gambling losses should be made for losses to learn from. What about money spent on frivolous things or products bought and stolen or not received after they are bought. If we keep dwelling in the losses from gambling, we may end up with heart attacks , it is suppose to be fun game.