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Author Topic: I am only trying to stay safe by gambling less  (Read 2883 times)
LDL
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May 01, 2023, 12:54:57 AM
 #141

I agree with you that when a gambler doesn't have the right idea about investing in Bitcoin he puts the investment in the same category as gambling. That is, gambling and investing may seem the same to those gamblers. But in reality two different things. A gambler has to invest in a platform where he/she is exposed to huge profit or loss due to Bitcoin volatility. But if it is held then it can give big returns. But gambling does not expect anything like this. The main tool of gambling is luck. If the luck is good then you can win but there is no chance of getting any fixed money on the investment.

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.

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May 01, 2023, 02:51:02 AM
 #142

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.

Gambling and Bitcoin investment aren't the same the same thing so it's surprising to see the two get compared together, gambling is all about luck as you have said and I think that's an established fact that anybody gambling is just relying on his luck to win.

No gambler can say he has a verified way of playing that whenever he palys that way, he'll wins and if another person was to play exactly as he does that the person will win too. Gambling is just luck and each gamblers has a day when they'll be very lucky.

Gambling isn't a bad thing to do but as you gamble, don't get addicted. It's when you get addicted that it becomes a bad thing since addiction can make you do unthinkable things and also never use money that was meant for something else to gamble.

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May 01, 2023, 03:34:09 AM
 #143

I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.

Still, I refuse this because I believe they are wrong, Bitcoin market has charts and I am playing with charts even if I am a full-time Bitcoin trader, all I need to do is read charts, and if I am good at it I will win vs gambling, where it's you vs a company which we can never tell if their games are completely fair or not.

Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?

I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.
Gambling and Bitcoin investing are completely different things. When a person loses gambling, that person never gets his lost money back. But whenever a person takes a loss by investing in Bitcoin there is a time when that person can expect to recover the loss. And investing in Bitcoin can be highly guaranteed to recover from losses. So the thinking of your friends is completely wrong. Your friends may have got some winnings at present due to which they are more addicted to gambling. You become less addicted to gambling by holding on to Bitcoin investments. At some point your friends will be around you to prove that gambling is really different from investing.

I can only add that the mindset of gamblers is different from that of investors. In this view they are not really the same. Of course, a gambler always thinks that everything is a gamble and we can't change that in his mind, the same way a gambler can't change the mind of an investor that investing is not a type of gambling.

        If we look at an investor, he does not rely on his investment to get lucky, instead the investor sees the potential that people will own it and it will be useful in the future, which is the opposite of what is said to be gambling always rely on luck to win, that's why you earn different from investment than winning gambling.



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May 01, 2023, 04:01:51 AM
 #144

Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?
True. Majority of casino gamblers are losing their money because many games are solely depending on luck in order to win. While if you invest in Bitcoin, your knowledge can help you to understand it well on how to take advantage the market on when to buy and sell. So they're different though both are associated with risk.

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.
If the result is uncertain it can be called gambling. But as I have said, it's different if you invest your money in Bitcoin compared to using it to gamble in a casino. Anyway, don't bother yourself if your friends can't understand your point. Let them believe what they want so just focus on yourself.

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May 01, 2023, 06:06:17 AM
 #145

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.
gambling as a career? it is a very risky decision! when gambling, we are 50:50 between victory and defeat, but if someone really believes that he has skills in gambling skills (poker, blackjack, chess, etc.) then there is nothing wrong with making gambling their career

but it must be remembered that depending on life on gambling is a step that people cannot do arbitrarily, there are many careful considerations that must be made

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May 01, 2023, 06:53:02 AM
 #146

talking about the benefits there are 2 options, namely gamblers will win when they avoid gambling and don't come back or become bookies, that will be very profitable.

from some of the differences between investing in bitcoin and gambling using bitcoin, this is actually very different but sometimes one thinks too seriously about this. it's clear that investing is like saving when the price drops we won't really lose all our funds and there will be a time when the bitcoin price recovers or pumps and that's when we are lucky.
but gambling using bitcoins we deposit to gambling sites to bet and unlucky end up losing all the money. because as I said last time that gambling based on luck and investment is a strategy for managing ways so you don't lose too much.
Someone who thinks that gambling and investing are the same is simply a fool. There is no only luck in investments, especially when you are investing in cryptocurrencies like Bitcoin, it can be gambling if you are investing in meme coins for high profits but good coins probably return some money to you eventually.

When it comes to gambling, there is no guarantee that you will get any of your money back no matter how hard you try since it's totally based on luck and there is no influence of anything else that might make you win.

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May 01, 2023, 06:58:34 AM
 #147

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.
gambling as a career? it is a very risky decision! when gambling, we are 50:50 between victory and defeat, but if someone really believes that he has skills in gambling skills (poker, blackjack, chess, etc.) then there is nothing wrong with making gambling their career

Regardless if you have an extraordinary skills in gambling, like most of those games you have mentioned, LUCK would still be a huge factor to win against your opponent and you cannot make a consistent gain or win in gambling, so making it as a career is definitely a wrong decision not unless if you do it professionally, I mean when you're paid to play in the tournaments.
Please don't mention about "nothing is wrong" making gambling as your career. A lot of people have already ruined their lives and their families because of excessive and uncontrolled habits in gambling - so don't you dare encourage more gamblers that it's "FINE" when you have skills lol.
Remember, gambling is for entertainment purposes, not for money making purposes. People who walked in with the wrong intentions will most probably going to walk out broke before they even realized it.

R


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May 01, 2023, 07:58:45 AM
 #148

talking about the benefits there are 2 options, namely gamblers will win when they avoid gambling and don't come back or become bookies, that will be very profitable.

from some of the differences between investing in bitcoin and gambling using bitcoin, this is actually very different but sometimes one thinks too seriously about this. it's clear that investing is like saving when the price drops we won't really lose all our funds and there will be a time when the bitcoin price recovers or pumps and that's when we are lucky.
but gambling using bitcoins we deposit to gambling sites to bet and unlucky end up losing all the money. because as I said last time that gambling based on luck and investment is a strategy for managing ways so you don't lose too much.
Someone who thinks that gambling and investing are the same is simply a fool. There is no only luck in investments, especially when you are investing in cryptocurrencies like Bitcoin, it can be gambling if you are investing in meme coins for high profits but good coins probably return some money to you eventually.

When it comes to gambling, there is no guarantee that you will get any of your money back no matter how hard you try since it's totally based on luck and there is no influence of anything else that might make you win.
well, that's what I mean that investing will be like gambling when choosing a coin under bitcoin like a new meme coin or shitcoin where profits depend on luck because a new shitcoin or meme coin can be worthless when it turns out to be a scam. but if investing in a proper coin like bitcoin, I think it will not be the same as gambling because the price of bitcoin will not be possible to 0 and even more expensive in the future.

usually those who think gambling and investing are the same are beginners who are new to investing and gambling. so that the person thinks that the two are the same.

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May 01, 2023, 08:00:49 AM
Last edit: May 01, 2023, 11:48:53 AM by noormcs5
 #149

I agree with you that when a gambler doesn't have the right idea about investing in Bitcoin he puts the investment in the same category as gambling. That is, gambling and investing may seem the same to those gamblers. But in reality two different things. A gambler has to invest in a platform where he/she is exposed to huge profit or loss due to Bitcoin volatility. But if it is held then it can give big returns. But gambling does not expect anything like this. The main tool of gambling is luck. If the luck is good then you can win but there is no chance of getting any fixed money on the investment.

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.

Anyone who is not addicted to gambling, only he can gamble less and therefore knows his limitation and will not lose his money.
Many people are too addicted to gambling that they never think of ways that may lead them to better money management and less loss through gambling.

Regardless if you have an extraordinary skills in gambling, like most of those games you have mentioned, LUCK would still be a huge factor to win

Do you know that sometimes a person is lucky and he gambles less and still ends up making more money than the one who gambles all day, stays unlucky, and ends up losing?
This can be the other way around too like a person gamble less and win nothing because of bad luck while another person is lucky, he gamble more and also win more.


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May 01, 2023, 01:37:04 PM
 #150

Actually, life itself is a gamble. All our choices sometimes benefit us and sometimes harm us. If we think like this, life becomes a gamble. However, such a way of thinking would be somewhat shallow. Of course, we cannot deny that it has a literary aspect, but it would be a shallow and unrealistic approach.

Bitcoin has a strong philosophy. It is a peer-to-peer payment system that eliminates third parties. It is a store of value, unlike inflationary fiat currencies, which have an unlimited supply. In short, it's a revolution that could change the world. Gambling is gambling as we know it. Comparing these two seemed ridiculous to me.

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May 01, 2023, 02:00:21 PM
 #151

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.
gambling as a career? it is a very risky decision! when gambling, we are 50:50 between victory and defeat, but if someone really believes that he has skills in gambling skills (poker, blackjack, chess, etc.) then there is nothing wrong with making gambling their career

but it must be remembered that depending on life on gambling is a step that people cannot do arbitrarily, there are many careful considerations that must be made
But there are definitely people who want to try gambling as a career but let's hope they are aware of the consequences. They might get wins but defeats are sure to come after they play and defeats can come more often so they have to think again about making gambling a career.

But it could be that there are people who have gambling skills like the games you mentioned so they decide to make gambling as a career. And to have that skill, they have to keep learning to improve it through practice.

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May 01, 2023, 02:41:50 PM
 #152

I agree with you that when a gambler doesn't have the right idea about investing in Bitcoin he puts the investment in the same category as gambling. That is, gambling and investing may seem the same to those gamblers. But in reality two different things. A gambler has to invest in a platform where he/she is exposed to huge profit or loss due to Bitcoin volatility. But if it is held then it can give big returns. But gambling does not expect anything like this. The main tool of gambling is luck. If the luck is good then you can win but there is no chance of getting any fixed money on the investment.

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.

Investing in bitcoin you will still have the BTC number that is owned especially if it is not sold it will still be there but what is clear is that the profit will definitely be obtained if they can hold it longer.

It's a gamble that has two choices of winning or losing, so that's what determines the factor of gambling and investing, so it's clear that it's very different when compared.
I don't know why many people compare this. It's even clear that many people are successful in investing because of what they have made. Meanwhile, gambling is just a bet in a game, so there are no massive profits here, but for fun, by being prepared to lose money, many people have done that.

Many are destitute because of gambling addiction because they cannot control it, but if he can control it then it will not cause any problems as long as investment is their main goal.

R


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May 01, 2023, 03:36:27 PM
 #153

But there are definitely people who want to try gambling as a career but let's hope they are aware of the consequences. They might get wins but defeats are sure to come after they play and defeats can come more often so they have to think again about making gambling a career.

But it could be that there are people who have gambling skills like the games you mentioned so they decide to make gambling as a career. And to have that skill, they have to keep learning to improve it through practice.
I believe they do exist, people who try to make it a career and not a hobby. Let's leave it to them, they may know what they are doing or they could be professionals. I know some who do it in poker because that is really a "part skill game", but I had not seen one person who does it in casino games like roulette, blackjack, slots, and dice. If there are, it must be a few.
You talk about improving, it can be done in poker too, a gambler should just keep on playing the game and somehow he will learn some tricks that could make him a better player. I don't see that in luck base games like blackjack especially the games which are controlled by the dealer.
So yes, gambling is way far a risky method to make some money than investing heavily in coins like Bitcoin which is obviously going up someday.

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May 01, 2023, 06:58:57 PM
 #154

Gambling is very addictive, gambling less can only help you if you are not putting it to heart which I not possible but I must say that once you are into gambling it will be almost impossible for you not gamble more unless you are just a beginner that just want to give it a benefit of doubt but once you win a bet generally you will gradually see yourself graduating into a full gambler.

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May 01, 2023, 07:05:24 PM
 #155

Gambling is very addictive, gambling less can only help you if you are not putting it to heart which I not possible but I must say that once you are into gambling it will be almost impossible for you not gamble more unless you are just a beginner that just want to give it a benefit of doubt but once you win a bet generally you will gradually see yourself graduating into a full gambler.
yes, I feel it. for some reason, some of the games in the casino and football betting are very interesting to me. it makes me always bet and set aside some of my money to gamble. there is no problem with this, as long as we can control what we will bet.
All gamblers are aware that games from casinos are indeed made for the curiosity of gamblers. that's for us to keep playing.

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May 01, 2023, 07:21:28 PM
 #156

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.
gambling as a career? it is a very risky decision! when gambling, we are 50:50 between victory and defeat, but if someone really believes that he has skills in gambling skills (poker, blackjack, chess, etc.) then there is nothing wrong with making gambling their career

but it must be remembered that depending on life on gambling is a step that people cannot do arbitrarily, there are many careful considerations that must be made
There is everything wrong in making gambling your career, I mean how can you live your life on the edge of luck. Gambling can never, I repeat never ever be someone career because you can never be certain of the outcome of your winning rather making gambling your career will just destroy your life because you can lose your whole funds to this act on days that you are unlucky.
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May 01, 2023, 07:31:04 PM
 #157

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.
gambling as a career? it is a very risky decision! when gambling, we are 50:50 between victory and defeat, but if someone really believes that he has skills in gambling skills (poker, blackjack, chess, etc.) then there is nothing wrong with making gambling their career

but it must be remembered that depending on life on gambling is a step that people cannot do arbitrarily, there are many careful considerations that must be made
There is everything wrong in making gambling your career, I mean how can you live your life on the edge of luck. Gambling can never, I repeat never ever be someone career because you can never be certain of the outcome of your winning rather making gambling your career will just destroy your life because you can lose your whole funds to this act on days that you are unlucky.
LOL, stupidest thing or decision any gambler would ever make, decide or do is to make gambling a career, when there are lots of businesses one can do and be financially successful and independent..

If one love gambling so much that he or she wishes to turn it into a career, it is better for such person to start a gambling casino, which to me, I think is a really good and lucrative business anyone with good experience and gambling knowledge can venture into, you did be more comfortable running a casino than turning gambling into a career.

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May 01, 2023, 07:47:36 PM
 #158

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.
gambling as a career? it is a very risky decision! when gambling, we are 50:50 between victory and defeat, but if someone really believes that he has skills in gambling skills (poker, blackjack, chess, etc.) then there is nothing wrong with making gambling their career

but it must be remembered that depending on life on gambling is a step that people cannot do arbitrarily, there are many careful considerations that must be made
There is everything wrong in making gambling your career, I mean how can you live your life on the edge of luck. Gambling can never, I repeat never ever be someone career because you can never be certain of the outcome of your winning rather making gambling your career will just destroy your life because you can lose your whole funds to this act on days that you are unlucky.
LOL, stupidest thing or decision any gambler would ever make, decide or do is to make gambling a career, when there are lots of businesses one can do and be financially successful and independent..

If one love gambling so much that he or she wishes to turn it into a career, it is better for such person to start a gambling casino, which to me, I think is a really good and lucrative business anyone with good experience and gambling knowledge can venture into, you did be more comfortable running a casino than turning gambling into a career.
It might sound stupid but there are really that people who do really make out such decision or did really take this path on which they are really that making it as a career specially into those who do stay up
on poker or in other card games and to those who do silently getting involved with sports betting and trying out to sustain on day to day basis. Yes, making gambling as a career is really indeed that a
very dangerous act or plan to have because we know that gambling isnt something that you could really bare up with the risk or even able to sustain considering that odds of winning is really
that way too less specially when dealing up with luck based type of games which is something that understandable If you do go on gambling activity but you do have
that enough self control and treating it as an entertainment then i dont really see any problems with this.

Risks is really that high with gambling and if you arent that aware of that on early then better to make yourself aware asap. You would be busting and losing up that much in longer
runs and gambling is really just that for fun and not for making money specially on long term.

R


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May 01, 2023, 07:51:12 PM
 #159

I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.

Still, I refuse this because I believe they are wrong, Bitcoin market has charts and I am playing with charts even if I am a full-time Bitcoin trader, all I need to do is read charts, and if I am good at it I will win vs gambling, where it's you vs a company which we can never tell if their games are completely fair or not.

Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?

I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

Speculating in buying cryptocurrency is definitely comparable to gambling in some respects, but I'd say there is one key difference. When you are gambling, it is often a binary outcome on your return - either you win or you lose your bet. When it comes to cryptocurrency it is way more variable and volatile than traditional investing like buying index funds in the stock market, however it is not a binary outcome. You might have $100 worth of currency one day and it could drop to $80 on day two and then $60 on day three. If you are disciplined and have some sort of trading strategy, then you might decide that losing 40% of your money is a signal that you will take a loss and sell out. You've not lost your whole "bet".

R


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May 01, 2023, 07:59:09 PM
 #160

Gambling is very addictive, gambling less can only help you if you are not putting it to heart which I not possible but I must say that once you are into gambling it will be almost impossible for you not gamble more unless you are just a beginner that just want to give it a benefit of doubt but once you win a bet generally you will gradually see yourself graduating into a full gambler.

In fact, many many things can be addictive, and it's not just alcohol, drugs, and gambling. This can also be said about food, sex, and many other activities. On the other hand, many people enjoy many of these activities almost every day and have no problem at all. So most likely the reality is that addiction is expressed only in people who either do not know how to limit themselves, or have some psychological problems.

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