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Author Topic: Healthy mindset to save earnings from gambling  (Read 1386 times)
Fredomago
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August 14, 2023, 10:56:07 AM
 #261


Gamblers suffer more defeats than wins, not because those who lose never win, but the money earned from wins is never saved to make good management.


I agree that the gamblers suffer more defeat than win but that doesn't mean there are no gamblers who have managed their winning very well and made judicious investment with them. The challenge addict gamblers have is that they go back staking when they have made huge jackpot instead of taking a break but if they have someone close who is able to have financial influence over them, they make good management of it. The wife for example who knows that the husband is a chronic addict, he tries to help him save and invest at the time he wins. Of course we know that those who are addict most times are free with money when they hit jackpot so in such cases those close to them do help them in investment incase of scarcity.

Good point, if they are open with their gambling activities and they are trusting someone close to them to manage their finances that kind of mentality will allow them to make some additional diversions with the money that they won from gambling, though in terms of gambling addicted people that kind of things is hard to pursue as mentioned, they more on keep pushing and trying to win more and end it up losing everything back to the house.

If they don't have such control, meaning to say that they will not think about other things than to keep betting and trying more and the outcome will be the same, losing and regretting why they keep pushing for more.

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August 14, 2023, 11:12:23 AM
 #262


Gamblers suffer more defeats than wins, not because those who lose never win, but the money earned from wins is never saved to make good management.


I agree that the gamblers suffer more defeat than win but that doesn't mean there are no gamblers who have managed their winning very well and made judicious investment with them. The challenge addict gamblers have is that they go back staking when they have made huge jackpot instead of taking a break but if they have someone close who is able to have financial influence over them, they make good management of it. The wife for example who knows that the husband is a chronic addict, he tries to help him save and invest at the time he wins. Of course we know that those who are addict most times are free with money when they hit jackpot so in such cases those close to them do help them in investment incase of scarcity.

Good point, if they are open with their gambling activities and they are trusting someone close to them to manage their finances that kind of mentality will allow them to make some additional diversions with the money that they won from gambling, though in terms of gambling addicted people that kind of things is hard to pursue as mentioned, they more on keep pushing and trying to win more and end it up losing everything back to the house.

If they don't have such control, meaning to say that they will not think about other things than to keep betting and trying more and the outcome will be the same, losing and regretting why they keep pushing for more.

The persons can also try to do it themselves without involving a friend or relative,I mean the process of diversifying the money,I have started only recently to invest every week part of my weekly salary into buying cryptocurrencies in which I believe in the long term rather than throwing them away into gambling.If I keep doing this every week I would have accumulated a really nice stash of these cryptocurrencies when the time come in the next bull run which can be as early as next year but most probably in 2025.

This also can serve as a purpose as every time we want to get into gambling again we open up our wallet,have a look at our balance and say to ourselves,if I gamble I risk to lose all of this,so it can act as a detainee for our greed.

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August 14, 2023, 11:40:29 AM
 #263

~snip~
The problem is not many of them remembers that thing. They're all there to gamble and it's not a problem for them to take a rest.

When they're chasing for something, winning or losing or recovering the losses they've made. That minute of visit changes a lot of their perspective and standing for that moment.

Instead of taking a rest, they're becoming full of anguish because they're losing the hard way.
Yes, that's true because many of these gamblers still want to recover from their losses, so they don't rest even after encountering a big loss. In gambling we should have the thought that gambling is only for entertainment, and if we can get a win, we must rest. Because in addition to calming the mind or lowering emotions, we can also use rest to keep the winning money from losing if we choose to continue gambling. If they think that gambling today is enough and they need to stop immediately, they can reduce the losses that will get bigger. Apart from that, they also have another day to return to gambling. Maybe their lucky day can give them big wins.

~snip~
as I said earlier, as long as self-control can be controlled properly, its okay to gamble for a while with a small amount, after that take a break to restore your mind and energy to work the next day. sometimes i do that but in sports betting just predict for a while after that place a bet then i just sleep and the next day i go to the site to see if my bet won or lost.
I could try to take a little time to entertain myself at casino games but I realize that sometimes the emotions at casino games are too great that it causes me to forget the time I should have taken a break so my choice is still on sports betting except when I have a lot of time off I will go to casino games.

the most important thing here, though, is to forget about gambling for a while and access it only during work holidays. Its better when you come home from work, its better not to access or go to the casino. because the initial goal was to forget about gambling, so it was in vain that we went from morning to evening to forget about gambling, but in the end we also gambled when we got home.
Perhaps using sports betting can reduce the tension in gambling because, in sports betting, we can place a bet and leave it until the results come out. And we don't need to do anything and don't gamble in other gambling games because we only place bets on price bets.

But some people still gamble even though they have placed bets on sports betting because they want other entertainment. What needs to be remembered is that we must be able to divide our time between gambling time and time to do other things so that we don't become addicted to gambling. And whatever you use to avoid addiction is something you can do; other people will do the same thing as you but maybe differently.

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August 14, 2023, 12:35:03 PM
 #264


Gamblers suffer more defeats than wins, not because those who lose never win, but the money earned from wins is never saved to make good management.


I agree that the gamblers suffer more defeat than win but that doesn't mean there are no gamblers who have managed their winning very well and made judicious investment with them. The challenge addict gamblers have is that they go back staking when they have made huge jackpot instead of taking a break but if they have someone close who is able to have financial influence over them, they make good management of it. The wife for example who knows that the husband is a chronic addict, he tries to help him save and invest at the time he wins. Of course we know that those who are addict most times are free with money when they hit jackpot so in such cases those close to them do help them in investment incase of scarcity.

Let's just make things straight real quick. That losses doesn't equate to defeat. I mean, losing is a normal part of the game, it doesn't mean you are defeated it just simply means you've took a lost and that's it.

It became defeat when you took multiple losses and you as a participant doesn't learn anything from your experience. It's not always a one big pony gambling. Sometimes you got to take day offs to desensitize yourself. Because if you really think of it, winning is far more dangerous than losing.

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August 14, 2023, 01:31:00 PM
 #265

Large amount is the red flag in gambling, why would anyone believe that they can recover their losses from gambling? How many times have they won to be courageous about getting their money back? Even if they must try, why are they using large amount of money again? When I see such people I will only burst out with laughter, because they saw the result coming, and they decide to still do it, who's fault it is?

Know when to stop when you keep losing, that's why we must have a dedicated amount for gambling always.

If I keep losing and losing, once that threshold is met I am walking away for another day before I can return to any casino.

The problem with most gamblers is they never learn, everyone lost money to gambling as a beginner but what have you learned? I learnt nothing than saving my head from financial disaster all because I want a sudden change in life, now I learn to use my head.
A gambler should know when to stop whether they are winning or losing. When you are losing constantly, you should stop immediately because you should get the notion that you are not going to win anything at that particular time. And when you are winning, you should stop when you are still in profit because it doesn't take a lot of time for you to gamble away what you've won and also lose a part of your initial bankroll because things escalate quickly in gambling.

So, learning to have some self-control and understanding when to stop are two essentials to have for every gambler if they don't want to keep losing all the time because if you don't know when to stop, the sessions where you might be winning will turn against you and you will eventually lose everything again.

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August 14, 2023, 01:33:27 PM
 #266


It became defeat when you took multiple losses and you as a participant doesn't learn anything from your experience. It's not always a one big pony gambling. Sometimes you got to take day offs to desensitize yourself. Because if you really think of it, winning is far more dangerous than losing.

IMO , defeat is not when you have taken multiple losses but when you have given up from playing such game then that could mean that you have been defeated . If you lose multiple games and times but you are keeping hope alive to win and then you keep playing, it means you have not been defeated but you are only recording some losses. Some people record huge loss but because they have not given up they win at their next try. However, it is better to give up and accept defeat when you are not making any profit after along time, that is healthy gambling mindset.

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August 14, 2023, 02:05:26 PM
 #267

Large amount is the red flag in gambling, why would anyone believe that they can recover their losses from gambling? How many times have they won to be courageous about getting their money back? Even if they must try, why are they using large amount of money again? When I see such people I will only burst out with laughter, because they saw the result coming, and they decide to still do it, who's fault it is?

Know when to stop when you keep losing, that's why we must have a dedicated amount for gambling always.

If I keep losing and losing, once that threshold is met I am walking away for another day before I can return to any casino.

The problem with most gamblers is they never learn, everyone lost money to gambling as a beginner but what have you learned? I learnt nothing than saving my head from financial disaster all because I want a sudden change in life, now I learn to use my head.
A gambler should know when to stop whether they are winning or losing. When you are losing constantly, you should stop immediately because you should get the notion that you are not going to win anything at that particular time. And when you are winning, you should stop when you are still in profit because it doesn't take a lot of time for you to gamble away what you've won and also lose a part of your initial bankroll because things escalate quickly in gambling.

So, learning to have some self-control and understanding when to stop are two essentials to have for every gambler if they don't want to keep losing all the time because if you don't know when to stop, the sessions where you might be winning will turn against you and you will eventually lose everything again.
When we enter the world of gambling, it is the same as entering an endless maze game. so when we have entered the world of gambling it will be difficult to find a way out so we can let go of gambling from our lives.

But instead of us just spending time looking for a way out but still stuck there. Never mind.. it's better to just enjoy the game, the important thing is we can control ourselves in gambling as you said "when to play and when to stop". It's hard to do this but easy to say, but if we don't try we'll never know how it will turn out. and it's not about the result but about how the effort you put in can be maximized..? Because the result depends on how much effort you put in.

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August 14, 2023, 05:01:16 PM
 #268


Let's just make things straight real quick. That losses doesn't equate to defeat. I mean, losing is a normal part of the game, it doesn't mean you are defeated it just simply means you've took a lost and that's it.

It became defeat when you took multiple losses and you as a participant doesn't learn anything from your experience. It's not always a one big pony gambling. Sometimes you got to take day offs to desensitize yourself. Because if you really think of it, winning is far more dangerous than losing.

The loss may occur due to some bad luck in the specific game,but it's not the permanent one.All the loss of the game will give you the gift of experience to the future game.Some people will thought,they will loss money and don't get anything in the return.But the gambling experience we get from the all the loss game.We will learn how to choose the option on the next game from the loss game.Most of the experienced gamblers will not consider loss is the loss.They think it as the experience gain,If you are not feel so you are totally consider gambling as the business.Some times more money winner will get addicted to the gambling.

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August 14, 2023, 05:03:48 PM
 #269

Large amount is the red flag in gambling, why would anyone believe that they can recover their losses from gambling? How many times have they won to be courageous about getting their money back? Even if they must try, why are they using large amount of money again? When I see such people I will only burst out with laughter, because they saw the result coming, and they decide to still do it, who's fault it is?

Know when to stop when you keep losing, that's why we must have a dedicated amount for gambling always.

If I keep losing and losing, once that threshold is met I am walking away for another day before I can return to any casino.

The problem with most gamblers is they never learn, everyone lost money to gambling as a beginner but what have you learned? I learnt nothing than saving my head from financial disaster all because I want a sudden change in life, now I learn to use my head.
A gambler should know when to stop whether they are winning or losing. When you are losing constantly, you should stop immediately because you should get the notion that you are not going to win anything at that particular time. And when you are winning, you should stop when you are still in profit because it doesn't take a lot of time for you to gamble away what you've won and also lose a part of your initial bankroll because things escalate quickly in gambling.

So, learning to have some self-control and understanding when to stop are two essentials to have for every gambler if they don't want to keep losing all the time because if you don't know when to stop, the sessions where you might be winning will turn against you and you will eventually lose everything again.
Any gambler worth their salt knows the thrill of the game, but damn it, there's a fine line between thrill and foolishness

When you're on a losing streak, why dig a deeper hole? You think the universe owes you a win because you've lost so much? Newsflash: It doesn't! And for those riding the high of a winning streak, get real. Just as quickly as Lady Luck smiles at you, she can turn her back and laugh while you lose everything you've worked hard to gain

Every gambler should tattoo this on their forehead: Know. When. To. Stop. It's not just about the skill or the game; it's about mastering your own mind and impulses. Otherwise, you're just another tragic tale waiting to happen

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August 14, 2023, 05:20:24 PM
 #270

I think you're right. Some people always lose in gambling because they don't have plan. just play, play, bet, bet. If they lose, bet twice
so they can take back what they lost and then after that the money will be gone so fast. Because Winning in gambling is instant and of course you be will lose quickly too. I know gambling it's very easy to win or get money but you should know how to control yourself, control your emotions.

Mindset is very important and powerful when it comes to gambling don't be too greedy
and think wisely and carefully. Always set limitation for yourself
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August 14, 2023, 06:36:59 PM
 #271

I think you're right. Some people always lose in gambling because they don't have plan. just play, play, bet, bet. If they lose, bet twice
so they can take back what they lost and then after that the money will be gone so fast. Because Winning in gambling is instant and of course you be will lose quickly too. I know gambling it's very easy to win or get money but you should know how to control yourself, control your emotions.

Mindset is very important and powerful when it comes to gambling don't be too greedy
and think wisely and carefully. Always set limitation for yourself

This is the usual emotion of most gamblers, being greedy. That's human nature we can't totally avoid.
But such degree of emotion varies from person to person. Some people are good in handling themselves as they stick to their plans.
It is like, win or lose on the next game, they know they need to stop. Those are gamblers who knows when to stop and hold themselves.
Most of the time, those people are not addicted as they can contain themselves from possible addiction. Not many gamblers can do that.
Thank yourself if you are a gambler who can still contain emotions when it comes to your gambling activities, it means you won't go broke on this game.
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August 14, 2023, 07:20:27 PM
 #272

Adrenaline that is generated after winning at gambling always wants to get bigger wins, this mindset very often crosses the minds of gambling players, they will continue to place bets because it is difficult to control their emotions.

Adrenaline can be gotten from different sources and not only through gambling, so this isn't an excuse for gambling excessively. When you over gamble you'll become addicted and addictions is very hard to let go off when it becomes a part of your daily routine.

As a gamblers, you should be saving or investing the rewards you get because you're meant to know that winning for a gambler isn't a fixed outcome. Some days or weeks you mightn't make any profits and when you don't have savings from your previous it'll worry you.

Profits made from gambling should be invested into a business that will give you profits when you're having badluck at gambling and with time you  reduced the resources you spend gambling and make gambling to be a fun and entertaining activity instead to make money.

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August 14, 2023, 08:57:34 PM
 #273

I think you're right. Some people always lose in gambling because they don't have plan. just play, play, bet, bet. If they lose, bet twice
so they can take back what they lost and then after that the money will be gone so fast. Because Winning in gambling is instant and of course you be will lose quickly too. I know gambling it's very easy to win or get money but you should know how to control yourself, control your emotions.

Mindset is very important and powerful when it comes to gambling don't be too greedy
and think wisely and carefully. Always set limitation for yourself

This is the usual emotion of most gamblers, being greedy. That's human nature we can't totally avoid.
But such degree of emotion varies from person to person. Some people are good in handling themselves as they stick to their plans.
It is like, win or lose on the next game, they know they need to stop. Those are gamblers who knows when to stop and hold themselves.
Most of the time, those people are not addicted as they can contain themselves from possible addiction. Not many gamblers can do that.
Thank yourself if you are a gambler who can still contain emotions when it comes to your gambling activities, it means you won't go broke on this game.
Which situations would really be varying on each person because we do have different level of will and self control on various situations on which there are people who do able to avoid such addiction or impulsive dealing up with gambling but there are ones who are really that able to fall into such thing just because they cant really be able to control themselves on dealing with gambling. Its true that human beings are

naturally that greedy deep inside. Who doesnt really want or like on having lots of money or gaining it as easy as possible? No one, because we do love money that much and something that is totally relevant.
This is the main motive and reason on why people would really be tending to deal up with something which could really be naturally be able to play even more with gambling even it comes into the
point that its not really that good anymore because of too much spending of money and affecting out their finances.

Gamble for fun and not on making it as a source of income and never ever chase up losses because it would really be just making you desperate. You should really be that careful on what you are dealing with if you dont like on ending up like a disaster.

R


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August 14, 2023, 09:53:23 PM
 #274

I think you're right. Some people always lose in gambling because they don't have plan. just play, play, bet, bet. If they lose, bet twice
so they can take back what they lost and then after that the money will be gone so fast. Because Winning in gambling is instant and of course you be will lose quickly too. I know gambling it's very easy to win or get money but you should know how to control yourself, control your emotions.

Mindset is very important and powerful when it comes to gambling don't be too greedy
and think wisely and carefully. Always set limitation for yourself

This is the usual emotion of most gamblers, being greedy. That's human nature we can't totally avoid.
But such degree of emotion varies from person to person. Some people are good in handling themselves as they stick to their plans.
It is like, win or lose on the next game, they know they need to stop. Those are gamblers who knows when to stop and hold themselves.
Most of the time, those people are not addicted as they can contain themselves from possible addiction. Not many gamblers can do that.
Thank yourself if you are a gambler who can still contain emotions when it comes to your gambling activities, it means you won't go broke on this game.

Yes, I agree with you, everyone should take gambling as an entertaining thing not taking a reliable source of income. Responsible gambling is a thing where gamblers are able to control their emotions, set a limit and they are fully aware of the risk.  Additionally, i also think chasing winning is a dangerous thing, it will make you crazy and you will end up as a gambling addict.  So, i wanna say balancing entertainment with your responsible behavior can help you to avoid the pitfalls of addiction and that's how you could maintain a healthy relationship with gambling.



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August 14, 2023, 10:17:50 PM
 #275

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.
This is definitely yes, those factors really give huge influences to the path of the gamblers to run for success or not.
It's undeniable that mental readiness with good control coupled with good and wise financial management will really make a gambler get better. It would be a lie if a gambler denied this fact and said that he didn't need it to be successful. because that means he's just lucky, and not everyone can always be lucky all the time. This is also applicable to whatever activities we are running at.

Yes, I agree with you, everyone should take gambling as an entertaining thing not taking a reliable source of income. Responsible gambling is a thing where gamblers are able to control their emotions, set a limit and they are fully aware of the risk. 
This should ideally be like this. But in fact and sadly many people get into gambling because they are tempted by high hopes of earning money and becoming rich. But what has happened so far is that very few gamblers have been able to make it happen, especially for those who just gamble without any calculations, without any preparation, and especially if they are already addicted.

R


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August 14, 2023, 11:14:53 PM
 #276

Yes, I agree with you, everyone should take gambling as an entertaining thing not taking a reliable source of income. Responsible gambling is a thing where gamblers are able to control their emotions, set a limit and they are fully aware of the risk.  Additionally, i also think chasing winning is a dangerous thing, it will make you crazy and you will end up as a gambling addict.  So, i wanna say balancing entertainment with your responsible behavior can help you to avoid the pitfalls of addiction and that's how you could maintain a healthy relationship with gambling.
Everyone has their own reasons for gambling and not everyone can think of gambling as just entertainment. Most of those who come to gambling places expect to get big profits quickly with minimal capital.
Yes, before we enter the world of gambling we should be aware of the risks and the most important thing is to set limits, but i think maybe not many people can do that because it will not be easy when we are already gambling, unconsciously we will enjoy it and feel we have to spend a little more time to be able to win. We will only realize when our money has run out.

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August 14, 2023, 11:35:16 PM
 #277

Profits made from gambling should be invested into a business that will give you profits when you're having badluck at gambling and with time you  reduced the resources you spend gambling and make gambling to be a fun and entertaining activity instead to make money.

It should be the most logical way to do to those big profits achieved in gambling but why it doesn't happen most of the time?

The reason is, that winning experience leads gamblers to think that if that big money can be won in gambling, why should they do a hassle business or investment? Instead of doing such a thing as planning and managing the business, they will instead do gambling and try to chase that winning experience again. That feeling of winning big amount is something gamblers will never forget that's why as much as possible they will pursue it no matter what.

That's the reality of gambling and it really happened to most gamblers.

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August 15, 2023, 01:39:49 AM
 #278

Yes, I agree with you, everyone should take gambling as an entertaining thing not taking a reliable source of income. Responsible gambling is a thing where gamblers are able to control their emotions, set a limit and they are fully aware of the risk.  Additionally, i also think chasing winning is a dangerous thing, it will make you crazy and you will end up as a gambling addict.  So, i wanna say balancing entertainment with your responsible behavior can help you to avoid the pitfalls of addiction and that's how you could maintain a healthy relationship with gambling.
Everyone has their own reasons for gambling and not everyone can think of gambling as just entertainment. Most of those who come to gambling places expect to get big profits quickly with minimal capital.
Yes, before we enter the world of gambling we should be aware of the risks and the most important thing is to set limits, but i think maybe not many people can do that because it will not be easy when we are already gambling, unconsciously we will enjoy it and feel we have to spend a little more time to be able to win. We will only realize when our money has run out.
Yes, not everyone thinks that gambling is just looking for entertainment in their spare time there are even some people who gamble for profit with minimal capital, as you said. If everyone in gambling can set limits on himself of course they do not do gambling as a place to make money for them but only to have fun in their free time.
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August 15, 2023, 08:45:30 AM
 #279

I think that gambling does not need any mood.
Are you a robot, by any chance? Mood plays a pivotal role when it comes to integrating unfamiliar routines or activities. Engaging in gambling, at times, has the potential to upheave our emotional equilibrium when mismanagement prevails. The situation exacerbates further if one ventures into the gambling realm with a disheveled mood, especially since losses in gambling tend to unleash unbridled behavior.

Mood is a critical factor in the gambling equation. It's imperative to abstain from placing bets when your mood is in disarray. With a positive mood, an individual's state of happiness elevates during gameplay, rendering the act of gambling more delightful and unburdened.
This doesn't mean that you are not going to end up with a win if you are emotionless, and it's not as hard as you think it is. I believe that we are going to end up with a solution where you could remove the emotions from the equation. Nobody says that you shouldn't have any emotions, we are just saying that do not use your emotions during your gambling and those are very different things. If you can do that then you are going to be doing fine and everything will go properly.

The difference between not having any emotions and having emotions but not using them are major. You should have your emotions but do not use them, that is much easier to do and I have been doing it for many years, I just ignore them.

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August 15, 2023, 08:54:56 AM
 #280


It should be the most logical way to do to those big profits achieved in gambling but why it doesn't happen most of the time?

The reason is, that winning experience leads gamblers to think that if that big money can be won in gambling, why should they do a hassle business or investment? Instead of doing such a thing as planning and managing the business, they will instead do gambling and try to chase that winning experience again. That feeling of winning big amount is something gamblers will never forget that's why as much as possible they will pursue it no matter what.

That's the reality of gambling and it really happened to most gamblers.

This makes sense.

Most gamblers tend to be so obsessed with playing because they think it makes them money in an efficient way. Not realizing that they could also lost a big chunk of amount the moment they will follow their poor decision making just to chase the winnings they've tasted during the initial stages of their gambling experience. Gambling and investment are two different things. While they can have some similarities at some point, they aren't really much alike. Gambling is for entertainment and having rewards as some sort of bonus points, meanwhile investment is a form of asset that you can benefit from in the future.

Hence, it's important to discern which weighs the heavier. If you want to have fun, do it, but do not destroy the future you have ahead because of it. You can always do what makes you happy without sacrificing your future. Gambling and investment can both be done too with proper financial management so you won't have to pick only one.
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