Threshold of Loss in Gambling

[kamvreto]

~snip~What I did is to just go with the flow. If I feel lucky, then go. Once loses, then stop. If I feel having a bad luck, then it will create an automatic action from me to stop since nothing good is happening and it's just a waste of money and time if I continue.

it depends on how you feel at the time. This is a feeling that might affect your luck. I agree if you have a strategy like that, if you feel lucky and you are ready then you will continue, when you win you will continue to play, but when you lose once you will stop to keep the initial advantage. This is a management that involves your feelings. the threshold for losses in gambling will also be determined how you can manage your psychology, because if only the threshold is in the form of numbers it will not be optimal and most beginners will not be disciplined to follow it, but when it involves psychology and strong management, then the loss in gambling can be resolved.

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[goinmerry]

it depends on how you feel at the time. This is a feeling that might affect your luck. I agree if you have a strategy like that, if you feel lucky and you are ready then you will continue, when you win you will continue to play, but when you lose once you will stop to keep the initial advantage. This is a management that involves your feelings. the threshold for losses in gambling will also be determined how you can manage your psychology, because if only the threshold is in the form of numbers it will not be optimal and most beginners will not be disciplined to follow it, but when it involves psychology and strong management, then the loss in gambling can be resolved.

If only the majority has that mindset to become responsible and disciplined, then we can gamble all the times without us suffering a heavy consequences.

By becoming responsible and disciplined, it's not just us who will take the benefit but also the people around us since we won't give any problems to them.

Gambling with a set budget is hard to follow and I understand that feeling. But if we learned how to control ourselves and when to consider stop, we are giving ourselves a break to think of something good. When we win, we really want to continue, when we lose, we really want to chase the loss, regardless of the result, there's always a temptation to continue and that's we need to properly addressed on.

[erep]

Everyone gets different monthly income, so to allocate tens of percent for gambling, I think they have arranged for other things so that 30% is enough for them, some say this is big, so it really depends on them to allocate it.
I myself am not really sure what percentage for gambling sometimes I don't count it but I don't want to get stuck so for gambling games I think about whether other needs have been met if the remaining money can be used to enjoy gambling.
Gambling thresholds must be applied otherwise we will have an excess of what is used in gambling because it is not felt if there is no threshold.

The allocation of 30% is very large from monthly income, although we get income that varies every month, another factor that determines the amount of money allocation for gambling is because of the influence of gambling addiction for high bets in certain games, so we really have to determine personal financial management so that any amount of money spent in gambling does not affect other needs, so the point threshold for gambling must be determined and there is no option to add from other money needs for gambling.

[blockman]

What I did is to just go with the flow. If I feel lucky, then go. Once loses, then stop. If I feel having a bad luck, then it will create an automatic action from me to stop since nothing good is happening and it's just a waste of money and time if I continue.

If we're sensing that nothing good is going to happen, this is the right approach to it. We should take time to think that we have to stop no matter what we think if the results are not doing any better.
But when you're seeing good happening, it's okay to continue and also, don't forget to save some profits while you're winning so that when losing streak comes, you're able to save up.

[Cookdata]

Money management in gambling is kind of hard to handle but I have this rule: No matter the situation of my losses, never borrow money to gamble just to gain back what is gone, it doesn't usually end well with that kind of thinking, the moment you borrow the first one, that is the beginning of your problem in gambling, you will always have the urge to borrow anytime you lack money or loss to gambling. It is very easy for me to handle because I don't have percentage allocation to gambling, if I exceed my maximum cap at a loss for that month, I end it there,

[Fatunad]

Money management in gambling is kind of hard to handle but I have this rule: No matter the situation of my losses, never borrow money to gamble just to gain back what is gone, it doesn't usually end well with that kind of thinking, the moment you borrow the first one, that is the beginning of your problem in gambling, you will always have the urge to borrow anytime you lack money or loss to gambling. It is very easy for me to handle because I don't have percentage allocation to gambling, if I exceed my maximum cap at a loss for that month, I end it there,

Money management
Emotion handling
Self awareness

If you do have these traits then it would really be hard to make yourself get attached too much or losing that much money in gambling since
you do know on what you are doing and you do know on when to stop and when to play depending on you.
Loss threshold will vary since we do have different status in terms of financial status thats why it would really vary.

[STT]

My threshold before was until I have lost all my money in bank.

I try not to empty the account but I consider if I deposited a crypto balance then Im free and clear to use that balance across many bets.   Some bets you do on the day and some are part of weekly or seasonally with sport bets.     Never bet everything on one day because that makes the loss far more likely, anyone who varies their bet even by just the day they bet on is more likely to win back the losses.
  So I keep a daily threshold way below the full balance, I think thats best.   The eight tenth's rule says you never play with everything you got outside of emergencies, keep some powder dry

The allocation of 30% is very large from monthly income,

Thats giant, 1 month out of the 12 ok I could understand.   Put it another way, imagine putting this amount into a pension and reclaiming tax immediately on that money to later receive an income when leaving your job.  You'd retire a rich man surely just doing the boring thing, hence a good bet.   If its 30% after a good pension amount saved then sure, makes more sense if its after all possible bills paid even the future ones.

[RikandMorty1]

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

A true gambler doesn't have a threshold loss, one would only stop if there is nothing else you can sell to gamble with.

[arwin100]

Money management in gambling is kind of hard to handle but I have this rule: No matter the situation of my losses, never borrow money to gamble just to gain back what is gone, it doesn't usually end well with that kind of thinking, the moment you borrow the first one, that is the beginning of your problem in gambling, you will always have the urge to borrow anytime you lack money or loss to gambling. It is very easy for me to handle because I don't have percentage allocation to gambling, if I exceed my maximum cap at a loss for that month, I end it there,

Money management
Emotion handling
Self awareness

If you do have these traits then it would really be hard to make yourself get attached too much or losing that much money in gambling since
you do know on what you are doing and you do know on when to stop and when to play depending on you.
Loss threshold will vary since we do have different status in terms of financial status thats why it would really vary.

All of those traits will be develop once you became an experience gambler since if you are a newbie for sure you will never have this traits as you are easy target for the hype made by certain influencers,promotions and various offers which can attract you to hope that you get big gains from what strategy you do. And sooner once you realize that you are losing to much then that's how they set their own threshold.

[cryptomaniac_xxx]

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

A true gambler doesn't have a threshold loss, one would only stop if there is nothing else you can sell to gamble with.

I don't understand, what do you mean sell? Obviously, you need money to gamble, if you don't have so it's better to stop. Maybe what you are referring are those addicted ones, that there are really dependent and willing to sell anything (as you have described it).

For me the threshold is that if I don't have any money to play, simple as that. I would not go to length to pawn or sell anything. I have my priorities now and gambling is not one of them. I just have to scratch that "itchiness" from time to time, that's it.

[gunhell16]

If am investing 80$ in Gambling, then I do understand that if I am loosing very fast and I have already lost more than 90%, I am not going to invest any more money in there since I know my luck is not on my side as well, so what I would do is to use all that amount that I do have in there and would not attempt to further add any more on the same day or even on consecutive days, for me threshold does not depend on the Money that I invest in Gambling but it does depend on how much I have lost, what Percentage have I lost, which is usually, 90% but my anxiety starts calling me at 50% usually.

Honestly, it's good and I like the way you do gambling, it can be said that you are a responsible gambler who has self control and you know where the limit is as a gambler on a gambling platform. It is really important for a gambler that he should have a percentage of how many he should lose and win and then stop first and come back another day, and that's what you do mate. Keep it up, God bless you more.

A true gambler doesn't have a threshold loss, one would only stop if there is nothing else you can sell to gamble with.

But I think it's still important to know what your threshold loss is so you can control the amount of money you use for gambling, right? Although on the other hand, gamblers will not notice it immediately, but it is still important for us to know.

The allocation of 30% is very large from monthly income, although we get income that varies every month, another factor that determines the amount of money allocation for gambling is because of the influence of gambling addiction for high bets in certain games, so we really have to determine personal financial management so that any amount of money spent in gambling does not affect other needs, so the point threshold for gambling must be determined and there is no option to add from other money needs for gambling.

In short, proper handling or spending of money is important or proper management of money is also one of the good ways especially if an individual often plays on an online gambling platform. Is that what you mean dude?

[traderethereum]

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

A true gambler doesn't have a threshold loss, one would only stop if there is nothing else you can sell to gamble with.

Unfortunately, not everyone is a true gambler so many of them will decide to quit.
But some gamblers continue to gamble and deposit more money to recover their losses.
Many of us can stop before we lose our money and take a break to lower the tension after playing gambling and this may have something to do with the threshold of losses while gambling.
It is clear that when we almost lose all the money, it is better for us to quit than to lose all the money.

[madnessteat]

It seems to me that any gambler has faced a situation where he lost all his money in an evening. At least I had a few times, and of course after such losses, I was very angry at myself that I could not stop in time. Currently, I'm not angry at myself for these losses as they allowed me to gain experience which allows me to think carefully first and then act. As they say, some people get experience for free and others have to buy it.

[vennali]

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?

Completely depends on how addicted you are to gambling. If you are very addicted, there is no loss limit. I know a friend who won't stop until he losses every penny he owns. He won't stop at anything. Granted, he is very talented when things work for him but it doesn't always work and that's the issue. He could make $30 into $2000 in a day and the very next day, lose that $2000 into 0. While some people withdraw any profits and then just gamble until they lose it all or win massive.

[fortunecrypto]

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

My threshold losses are money I deposited I will not deposit anymore until I lose all that money, I was always tempted to add more when luck is on my side, sometimes I add more but make it a point to control and only deposit that I am comfortable to lose usually I only spend $100 for a week this is already a big sum of money in our local currency and the biggest I deposited was $300, that's the money that I consider a threshold loss.

[rahmad2nd]

Money management in gambling is kind of hard to handle but I have this rule: No matter the situation of my losses, never borrow money to gamble just to gain back what is gone, it doesn't usually end well with that kind of thinking, the moment you borrow the first one, that is the beginning of your problem in gambling, you will always have the urge to borrow anytime you lack money or loss to gambling. It is very easy for me to handle because I don't have percentage allocation to gambling, if I exceed my maximum cap at a loss for that month, I end it there,

difficult or not, I think it depends on how one handles it. If someone is used to managing his finances well, of course he will have no trouble managing money for the allocation of his hobbies including gambling.
well, for the next point I totally agree, the first rule that gamblers must apply is not to borrow money to gamble not caring to recover their losses, because it will end badly.
applying the threshold in each gambling session is very precise, it's just that sometimes we forget or have difficulty applying it and it is more accurate if we can allocate a minimum amount than gamble without calculation.

[Gozie51]

Currently, I'm not angry at myself for these losses as they allowed me to gain experience which allows me to think carefully first and then act. As they say, some people get experience for free and others have to buy it.

Not only in gambling that we make losses but in our daily lives too. Sometimes we trust people to help them with expectations that they will return the money given to them as loan back but they fail to bring that back, or maybe that is also considered as gambling. As it is said also that the wise learn from the mistakes done by others.

[hahay]

It seems that when you still have money to spend you will not care about the loss threshold, because when you become an addict or have a target in gambling you will not care how much loss you have experienced. Therefore, the loss threshold is only suitable for gamblers who have discipline, if they just gamble without a big plan they will continue to gamble without having the calculation to stop. Realizing the loss threshold in gambling also makes gamblers have limits and calculations in gambling, and not all players will do that which means they will only celebrate wins without worrying too much about losses.

[Cling18]

Currently, I'm not angry at myself for these losses as they allowed me to gain experience which allows me to think carefully first and then act. As they say, some people get experience for free and others have to buy it.

Not only in gambling that we make losses but in our daily lives too. Sometimes we trust people to help them with expectations that they will return the money given to them as loan back but they fail to bring that back, or maybe that is also considered as gambling. As it is said also that the wise learn from the mistakes done by others.

There are aspects of our lives where we aren't aware that we are taking risks that are almost similar to our gambling experience. There will be people around us that will disappoint us but will only teach us a lesson to continue. Gambling could often serve as a lesson because of our wrong decisions but as much as possible, we have to try to avoid mistakes by knowing how to put limits so we will not end up having regrets.

[Fatunad]

Money management in gambling is kind of hard to handle but I have this rule: No matter the situation of my losses, never borrow money to gamble just to gain back what is gone, it doesn't usually end well with that kind of thinking, the moment you borrow the first one, that is the beginning of your problem in gambling, you will always have the urge to borrow anytime you lack money or loss to gambling. It is very easy for me to handle because I don't have percentage allocation to gambling, if I exceed my maximum cap at a loss for that month, I end it there,

Money management
Emotion handling
Self awareness

If you do have these traits then it would really be hard to make yourself get attached too much or losing that much money in gambling since
you do know on what you are doing and you do know on when to stop and when to play depending on you.
Loss threshold will vary since we do have different status in terms of financial status thats why it would really vary.

All of those traits will be develop once you became an experience gambler since if you are a newbie for sure you will never have this traits as you are easy target for the hype made by certain influencers,promotions and various offers which can attract you to hope that you get big gains from what strategy you do. And sooner once you realize that you are losing to much then that's how they set their own threshold.

You cant have everything when you are just starting up or newly dealing up with something that you havent done before which is just common sense.You would eventually able to acquire these things when you do have the actual experience and awareness about on these things and able to find out and realize for yourself that you should really be doing things that will really make you avoid on getting losses that much in gambling.If you are really that willing to spend and lost it all then go ahead but always set out limitations because if you dont set out limits then you would really be having much bigger problem later on.
Always set limits or border line on how much you could maximumly spend and wont compromising other things.