When betting becomes to high

[CryptoHeadlineNews]

Have you ever had an experience betting in which you knew that you were going over the limits of you finances and still continued?

And on the contrary, that's what we could call the point of addiction zone, and by that, I mean fully knowing you have got to a gambling stage whereby it's difficult to give up even when it's costing you using money budgeted for a different item. Because at this stage, it's very easy to control with all matter of seriousness and discipline, as I was once in this shoe years back while playing cards then in college, of which I lost the 1st round, 2nd and 3rd, and had to borrowed money with the sole aim of winning to repay back but unfortunately lost again, and that was when my eyes got opened, because in such cases you will never realise yourself until you are fully broke, which is why i will always advise people to know when to stop while gambling, because this is not a good experience  anyone should go through

[1715273333]

1715273333

[1715273333]

1715273333

[virasisog]

^

You are absolutely right. Mortgage loans not only make families stronger but also make people think about increasing their income. I personally know several people who have taken out mortgages and made significant strides that they would not likely have made if they had not pursued a better life. I also have acquaintances who have a parent's home and in the last 10 years, they have accomplished nothing as they spend their money on useless things.

Mortgages could be a good motivation to strive harder and to earn bigger. It might take a long time before you finish and clear things out but you'll feel relieved as you see the fruit of your labor. It's better if we're putting our hard-earned money on investments and assets so we'll know where our funds usually go. If we'll be more responsible in managing our finances, we could have more assets and liabilities.

[cabron]

^

You are absolutely right. Mortgage loans not only make families stronger but also make people think about increasing their income. I personally know several people who have taken out mortgages and made significant strides that they would not likely have made if they had not pursued a better life. I also have acquaintances who have a parent's home and in the last 10 years they have accomplished nothing as they spend their money on useless things.

People have different motivations. While mortgage loans inspire some people to work harder its not a wise decision to pay way higher to a house that they can actually get for half its price.

Staying in parents house while married seem an abussive behavior. It only means this couple has no intention of becoming independent. Not the kind that should be gambling too.

[dothebeats]

I sympathize with you and wish you to get out of this situation as soon as possible. There is another point of view that helps to be optimistic: I know that many people who take out a loan (mostly a mortgage) find themselves in a situation of lack of money and this changes their mind set. This makes them think about additional sources of income and as a result they become more active and either start a successful career or business.

It's all about the mindset, really.

Most people are afraid to take a leap of faith because they have hard-wired their brain to think that all they can ever achieve is their current state, and that they do not have anything further to achieve. Those who take out loans and establish businesses are the ones who are successful because they have a clear path that they want to walk on, no matter how rough the road is. Well there are also daredevils that take out a loan and bet it on gambling, and you know what happens next to these guys

[Webetcoins]

I've done that and landed into debt. If I haven't chosen to go beyond my ability, now I couldn't have experienced much of financial stress. Just because of the debt I was in a situation to earn additional to my day job. If not what I earn is enough to have a normal life. Anyhow its all my fate to experience such situation.

I think it's our own fault too and I think we will be aware if where we will land if we keep on betting above our limits. I experience it before where I said to myself that I will only take a loan to pay my bills if ever I lose the last money I have in my wallet but im lucky it didn't end that way but my last game did end up really well. You can say instead that if not because of your debt, you can be able to have an extra income which some of it can be spend in gambling for you to have fun and there is no need for you to touch your main income.

Maybe I could've lost it somewhere else, if I haven't lost on gambling. This is how I pacify myself when I get into financial stress.

If you didn't lose in gambling, the money can be lost/spend on some things which you can see up untill now ex; a gadget. Isn't that much better?

[madnessteat]

^

You are absolutely right. Mortgage loans not only make families stronger but also make people think about increasing their income. I personally know several people who have taken out mortgages and made significant strides that they would not likely have made if they had not pursued a better life. I also have acquaintances who have a parent's home and in the last 10 years they have accomplished nothing as they spend their money on useless things.

People have different motivations. While mortgage loans inspire some people to work harder its not a wise decision to pay way higher to a house that they can actually get for half its price.

Staying in parents house while married seem an abussive behavior. It only means this couple has no intention of becoming independent. Not the kind that should be gambling too.

I don't really agree with you. If you don't have money for your own home and have to rent it, a mortgage is a great solution. People who do not have enough motivation are unlikely to decide to do this as well as to improve their lives for the better because of their indecision. Inflation in many countries is currently higher than the official rate, so the overpayment for a mortgage loan is not as high as it seems.

[kamvreto]

Maybe I could've lost it somewhere else, if I haven't lost on gambling. This is how I pacify myself when I get into financial stress.

If you didn't lose in gambling, the money can be lost/spend on some things which you can see up untill now ex; a gadget. Isn't that much better?

and in the end the money will still run out for some purposes even though it does not lose in gambling. If losing money in gambling will certainly make us mentally disturbed and will continue to think about it, this will be a psychological burden and will disrupt all activities carried out. But if money is lost or used up due to spending things that are really needed such as gadgets, it is an achievement and there will be no mental burden.
Doing gambling should really be with common sense and do not make greedy bets. how much money will run out in the end.

[ChiBitCTy]

Luckily I have never put myself in this position.  As a financial advisor who obviously teaches people about money and proper investing for a living, I'm always hyper sensitive to gambling away too much of my money.  Anytime I make a bet, I make sure it's an amount that I am prepared to completely lose.  Quite frankly when I make a bet I say goodbye to that money and hope for the best.

[radjie]

Have you ever had an experience betting in which you knew that you were going over the limits of you finances and still continued? I have one playing a game, it was absorbing plenty of my time and despite me knowing it, I was kind of hooked on it. It was not a financial problem, but left me wondering how easy is to actually fall into a bad habit and how difficult is to break it.

a sweet initial win always makes us addicted, the more often we get a win, the greater our guts to place a higher bet value.  this has become a habit for those who are so addicted to gambling that it is used as a hobby to entertain themselves because they already know the consequences when they gamble.

[KTChampions]

People have different motivations. While mortgage loans inspire some people to work harder its not a wise decision to pay way higher to a house that they can actually get for half its price.

Staying in parents house while married seem an abussive behavior. It only means this couple has no intention of becoming independent. Not the kind that should be gambling too.

In addition to different motivations, there is also a different worldview about living with parents  More recently, it was considered a sign of a healthy family when a young couple lives with one of their parents because grandparents can help a lot in case of having children. But now it is considered normal when a couple has one child, they are at work all the time, and their child is exposed to the propaganda of blue-haired schizophrenics in kindergarten.

[348Judah]

Have you ever had an experience betting in which you knew that you were going over the limits of you finances and still continued?

A responsible gambler should be able to know when it's enough and when to continue gambling especially when loosing becaomes the of the day, a gambker must give notion to himself that luck and expertissm aren't working at the moment and in such time, what's good is just to pause and quit, but due to addiction and lack to self control, some gamblers go ahead to give on themselves the worst experience in gambling without realising, just by stupidity of oneself, such gamblers should never be mistaken to entrust finances with.

[Smartprofit]

Have you ever had an experience betting in which you knew that you were going over the limits of you finances and still continued? I have one playing a game, it was absorbing plenty of my time and despite me knowing it, I was kind of hooked on it. It was not a financial problem, but left me wondering how easy is to actually fall into a bad habit and how difficult is to break it.

Yes, I have had such life situations.  It was not an offline game, but in an online casino.  

The casino was located on the first floor of a nightclub.  In my youth, I loved to visit this nightclub to dance and meet beautiful girls.  At the entrance, along with a ticket to a nightclub, all visitors were given a free casino bonus.  

This bonus gave the opportunity to make one free bet on roulette.  I sometimes used this bonus, but always lost.  However, once I won at roulette.  This brought me trouble.  I became interested in playing roulette and began to win constantly.   Over time, I lost interest in dancing and beautiful girls.  I was only interested in gambling.  In addition, I became addicted to alcohol, as I noticed that in order to win, I need to be in a special altered state of consciousness.  

Over time, I began not only to win, but also to lose.  I developed a gambling addiction that I had a hard time getting rid of.

[batang_bitcoin]

A responsible gambler should be able to know when it's enough and when to continue gambling especially when loosing becaomes the of the day, a gambker must give notion to himself that luck and expertissm aren't working at the moment and in such time, what's good is just to pause and quit, but due to addiction and lack to self control, some gamblers go ahead to give on themselves the worst experience in gambling without realising, just by stupidity of oneself, such gamblers should never be mistaken to entrust finances with.

Those standards that you've mentioned won't be followed if the gambler is already hooked on it. Just take the example given by the OP, he's no problem with the amount he has spent to gamble and it won't be a way for him to be poor.
But look at the story he's got that he's hooked and didn't noticed it, and that's the reality for most of us. We gamble and forget that we're controlling ourselves when we're already in that situation.

[Rufsilf]

Have you ever had an experience betting in which you knew that you were going over the limits of you finances and still continued? I have one playing a game, it was absorbing plenty of my time and despite me knowing it, I was kind of hooked on it. It was not a financial problem, but left me wondering how easy is to actually fall into a bad habit and how difficult is to break it.

I'm not and that was because I always put a limit on how much I spent.
But, I see some people just like you ended up overspending, and for some reason;
 - financial capabilities
 - betting addiction
 - no limitation

If you are a rich person or somewhat financially stable, you don't need to worry about exceeding the limits for at least you are having fun and the pleasure of doing it.

[dunfida]

Have you ever had an experience betting in which you knew that you were going over the limits of you finances and still continued? I have one playing a game, it was absorbing plenty of my time and despite me knowing it, I was kind of hooked on it. It was not a financial problem, but left me wondering how easy is to actually fall into a bad habit and how difficult is to break it.

I'm not and that was because I always put a limit on how much I spent.
But, I see some people just like you ended up overspending, and for some reason;
 - financial capabilities
 - betting addiction
 - no limitation

If you are a rich person or somewhat financially stable, you don't need to worry about exceeding the limits for at least you are having fun and the pleasure of doing it.

Even if you are rich then speaking about limitation or infinite funds is never been possible.You could really be finding yourself sleeping on the streets if you do make that huge losses over a period of time.Yes, it might be

long time before it do happens but when the time comes then you would surely regret which you do put yourself into a condition which it shouldnt happen if you had just that right or good self control.'
Everything which is excessive is never been good even not just speaking with gambling but also in other things as well.

Betting high would already be considered if you are surpassing into your limit and its impossible that you arent aware of that but you had just ignored it.

[ethereumhunter]

I think every gambler had that experience at some point. It happened to me in my earlier gambling days when I kept on raising my bets to chase a loss. I thought martingale would save the day for me but it got worse. I ended up cutting my regular expenses for the month until the next payroll. It was a hard lesson.

When you are chasing you lose in gambling it will make you to not know how you a are spending money on gambling, it is good when you experience lost for gambling and you forget about the money, and it's also good to have a specific amount of money you that is common ti you for your weekly gambling and daily gambling. Because when you have no plot it in such a way, you will bring be chasing your lose in gambling and you will continue losing money. So the best way is to map a common money that you can't think of if you lose.

When we want to chase up on our previous defeat, it will not be easy because our emotions will increase. At that time, our level of self-control will also decrease and in the end, we will not be able to take care of ourselves and instead get caught up in gambling and forget when. We have to stop. There is a possibility that we will also increase the number of bets because we think that increasing the amount of money we can win will also increase if we win in the next round. And no one will know if we can win in the next round or lose. So forget it if you want to recover your losses. It will never be easy.

[Strongkored]

If you are a rich person or somewhat financially stable, you don't need to worry about exceeding the limits for at least you are having fun and the pleasure of doing it.

Even if you are rich, if you exceed the limit, it will definitely be affect your financial, especially if it happens often later it will make your wealth decrease and you will start to get addicted.
So far I'm still able to stay at the limit even though it's not an easy thing, especially when I want to achieve several targets.

[nullama]

The thing with gambling is that you can lose a lot of money very quickly.

It can be orders of magnitude more expensive than other vices, so it's a good idea to keep it in check at all times.

[Vaskiy]

The thing with gambling is that you can lose a lot of money very quickly.

It can be orders of magnitude more expensive than other vices, so it's a good idea to keep it in check at all times.

Yes, it all happens in no time. Particularly with dice it can be experienced often. Just now lost 0.014BTC playing Dice. I don't know why we don't have mindset to stop gambling when we're on the losing side. I started at 0.014BTC and within few rolls it came down to 0.008BTC. By then my mind wasn't ready to accept, but I look for the 0.014BTC and ended with empty wallet.

[Jody.Drummer]

The thing with gambling is that you can lose a lot of money very quickly.

It can be orders of magnitude more expensive than other vices, so it's a good idea to keep it in check at all times.

I think in this case when people jump into gambling, of course they must be aware that gambling is one thing that will definitely eat up your money, and that is the risk of gambling itself.
We should not be naive in expecting profits from gambling because it is very clear that it is impossible to happen.
Apart from the impact of addiction and other things it is the effect of gambling itself. when they don't want that to happen then don't really set foot in gambling if you're still naive and don't want negative things to come your way.