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topbitcoin
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August 06, 2023, 09:18:44 AM
 #141

The meaning of "money you can lose gambling" is money that you use to gamble and if that money is lost at the gambling table, you will be okay and have no problem with losing it. So if some people can afford to lose $100-$1k, they can afford to lose that much money and maybe they'll still return to the casino another day. As long as that person can still be wise in using their money, it won't be a problem because they must have thought before using their money. We should only use the money we can afford not to be too disappointed and sad.
It's correct, but we shouldn't like saying if gambling is only burn your money and don't be sad for that. Everyone will sad if they lose their money, but the beauty of gambling is for entertain. When we logged our account and bet the money we can afford to lose, we should feel happy during that time regardless what the result is. If we're not able to feel happy, then it's right to say we're not used to be a gambler.
Actually when we get down to the theoretical it's the truth that gambling is ultimately just letting our money go but aside from that of course as you said, there is the entertainment factor which is indeed the main focus.
There is no need to be naive by saying that it is a wrong action because of course we are already aware that gambling is ultimately only to win the gambling house or casino because in the end no matter how strong we are, the casino wins. but we also certainly get pleasure and satisfaction in gambling so I think it is still worth it.

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August 06, 2023, 01:40:46 PM
 #142

Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?
Yes of course. That's why if I lose at gambling today, I'll try again tomorrow to try my luck at the same gambling that I lost at the previous days. If I had to gamble with the money I can't afford to lose, I will eventually become discouraged from trying my luck on something that is not paying off for me but rather costs me big money. You don't spend more than you can afford to lose on gambling and remains happy to keep gambling to the upper days or weeks without been fade up as a human being
If you can lose once in gambling then it is better to stop gambling for now. No one can guarantee victory here and it mostly depends on luck. Even those who have a lot of money can afford to lose money, but the urge to win puts them at risk. Even if you gamble with the ability to lose, it doesn't take long for greed to work in many people. It should be played as a means of entertainment and if you spend more than you can't recover it. Do not act like a fool here, so you have to keep yourself under control and play.
Blitzboy
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August 06, 2023, 01:45:35 PM
 #143

The meaning of "money you can lose gambling" is money that you use to gamble and if that money is lost at the gambling table, you will be okay and have no problem with losing it. So if some people can afford to lose $100-$1k, they can afford to lose that much money and maybe they'll still return to the casino another day. As long as that person can still be wise in using their money, it won't be a problem because they must have thought before using their money. We should only use the money we can afford not to be too disappointed and sad.
It's correct, but we shouldn't like saying if gambling is only burn your money and don't be sad for that. Everyone will sad if they lose their money, but the beauty of gambling is for entertain. When we logged our account and bet the money we can afford to lose, we should feel happy during that time regardless what the result is. If we're not able to feel happy, then it's right to say we're not used to be a gambler.
Actually when we get down to the theoretical it's the truth that gambling is ultimately just letting our money go but aside from that of course as you said, there is the entertainment factor which is indeed the main focus.
There is no need to be naive by saying that it is a wrong action because of course we are already aware that gambling is ultimately only to win the gambling house or casino because in the end no matter how strong we are, the casino wins. but we also certainly get pleasure and satisfaction in gambling so I think it is still worth it.
Gambling is a lot of fun, so long as you keep that in mind. Gambling isnt only about the money for most people; its also about the excitement and highs and lows of the human experience. Surely this is just another thing.

Lets talk about the "casino always wins". True, but thats just how the game goes. The people do it anyhow, even if they know the risks. Indeed, why not? Its all part of the package: the buzz, the glitz, the noise. Definitely worth it? Oh, hell yes! It's an experience, and such are worth far more than money, believe me

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jostorres
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August 08, 2023, 12:00:01 PM
 #144

Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?
Yes of course. That's why if I lose at gambling today, I'll try again tomorrow to try my luck at the same gambling that I lost at the previous days. If I had to gamble with the money I can't afford to lose, I will eventually become discouraged from trying my luck on something that is not paying off for me but rather costs me big money. You don't spend more than you can afford to lose on gambling and remains happy to keep gambling to the upper days or weeks without been fade up as a human being
That does work for some gamblers who are not addicted to gambling and don't gamble only for profits but only to have some fun and also try their luck when they can and have money for it, but gamblers that are addicted basically don't think that much, they spend everything they have, even the money that they can't afford to lose, they will even go ahead and sell what they own only to get some money so that they can continue their gambling activities.

For such people, it is not an issue if they have lost what they shouldn't have gambled in the first place and they will always be back in the casino once they get some money at hand only to gamble again because they are simply addicted and don't have enough self-control to have their urges in control.

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August 08, 2023, 12:16:09 PM
 #145

Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?
Yes of course. That's why if I lose at gambling today, I'll try again tomorrow to try my luck at the same gambling that I lost at the previous days. If I had to gamble with the money I can't afford to lose, I will eventually become discouraged from trying my luck on something that is not paying off for me but rather costs me big money. You don't spend more than you can afford to lose on gambling and remains happy to keep gambling to the upper days or weeks without been fade up as a human being
If you can lose once in gambling then it is better to stop gambling for now. No one can guarantee victory here and it mostly depends on luck. Even those who have a lot of money can afford to lose money, but the urge to win puts them at risk. Even if you gamble with the ability to lose, it doesn't take long for greed to work in many people. It should be played as a means of entertainment and if you spend more than you can't recover it. Do not act like a fool here, so you have to keep yourself under control and play.

Gambling is a game in which it is customary to take risks. Many of us like to take risks, especially in our youth, some of us manage to earn good money, but it is quite natural that someone loses everything he has. I am not just talking about gambling, but trading on the stock exchange and investing in cryptocurrencies can also be referred to high-risk entertainment. Risk makes us feel very strong emotions, which is why such entertainment attracts people so much.

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August 08, 2023, 03:23:31 PM
 #146

Gambling is a game in which it is customary to take risks. Many of us like to take risks, especially in our youth, some of us manage to earn good money, but it is quite natural that someone loses everything he has. I am not just talking about gambling, but trading on the stock exchange and investing in cryptocurrencies can also be referred to high-risk entertainment. Risk makes us feel very strong emotions, which is why such entertainment attracts people so much.
It no doubt happens with young people because they still think that if they can show something more challenging in front of their friends, they will take that risk. And those who manage to overcome that risk will seek other challenges with even greater risks.

But if these young people take risks by gambling with a lot of money, they will not be able to stop easily because they will think that they can recover their losses and get wins. They won't think if it's money they can afford to lose or they will regret it. In the end, they will regret losing their money but return to gambling again another time. And they should try to have a budget for gambling so they won't have the same experience later.

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August 08, 2023, 03:44:33 PM
 #147

Gambling is a game in which it is customary to take risks. Many of us like to take risks, especially in our youth, some of us manage to earn good money, but it is quite natural that someone loses everything he has. I am not just talking about gambling, but trading on the stock exchange and investing in cryptocurrencies can also be referred to high-risk entertainment. Risk makes us feel very strong emotions, which is why such entertainment attracts people so much.
Playing with risks, of course, will definitely provide its own adrenaline so that there are challenges in gambling games, apart from that the risks are not only in gambling but also in crypto trading also has risks or other activities, the higher the risk the higher the adrenaline we feel that's why children who are just growing up find it easier to find risks and games that trigger adrenaline in gambling.

In this modern era, anyone can gamble with their cellphone and everyone can find entertainment by playing gambling, talking about the risks, everything we encounter in life always has risks, even trading as an entrepreneur is full of risks, depending on how we can minimize the risks ourselves so that not too lose more money.

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August 08, 2023, 05:04:09 PM
 #148

Gambling is a game in which it is customary to take risks. Many of us like to take risks, especially in our youth, some of us manage to earn good money, but it is quite natural that someone loses everything he has. I am not just talking about gambling, but trading on the stock exchange and investing in cryptocurrencies can also be referred to high-risk entertainment. Risk makes us feel very strong emotions, which is why such entertainment attracts people so much.
It no doubt happens with young people because they still think that if they can show something more challenging in front of their friends, they will take that risk. And those who manage to overcome that risk will seek other challenges with even greater risks.

But if these young people take risks by gambling with a lot of money, they will not be able to stop easily because they will think that they can recover their losses and get wins. They won't think if it's money they can afford to lose or they will regret it. In the end, they will regret losing their money but return to gambling again another time. And they should try to have a budget for gambling so they won't have the same experience later.
That is a fact that we meet in any part of the world where young people tend to like to take risks and no matter how they fall into it, the greater the risk, the more they desire to conquer it, but my view is that if I generalize it between gambling and investing, that is a logical placement. which is wrong, because if we talk about investing, when we fail in the process, someone can continue to improve it, so that they can be at the peak of the success they get from investing, but in gambling the case is different, because even though both are taking risks, and spelled out more there is a high ratio of losses to gains, but we cannot examine where we went wrong in the process if we do not get an advantage in the game.

Playing with risks, of course, will definitely provide its own adrenaline so that there are challenges in gambling games, apart from that the risks are not only in gambling but also in crypto trading also has risks or other activities, the higher the risk the higher the adrenaline we feel that's why children who are just growing up find it easier to find risks and games that trigger adrenaline in gambling.

In this modern era, anyone can gamble with their cellphone and everyone can find entertainment by playing gambling, talking about the risks, everything we encounter in life always has risks, even trading as an entrepreneur is full of risks, depending on how we can minimize the risks ourselves so that not too lose more money.
But I think talking about gambling, with other activities, what do you think is talking about adrenaline, I don't think it's apples to apples, because I'm not quite sure that adrenaline in the context of trading and gambling is different, gambling is generally easier to do and not takes a lot of time for analysis and all kinds of decisions to make, and the main thing in gambling is luck.

If the premise of risk here in terms of risk in gambling and investment is the same thing, then the wild meaning says that the investor is a gambler. Huh

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August 09, 2023, 11:18:07 AM
 #149

~snip
That is a fact that we meet in any part of the world where young people tend to like to take risks and no matter how they fall into it, the greater the risk, the more they desire to conquer it, but my view is that if I generalize it between gambling and investing, that is a logical placement. which is wrong, because if we talk about investing, when we fail in the process, someone can continue to improve it, so that they can be at the peak of the success they get from investing, but in gambling the case is different, because even though both are taking risks, and spelled out more there is a high ratio of losses to gains, but we cannot examine where we went wrong in the process if we do not get an advantage in the game.
This fact is increasingly visible when we often witness the behavior of young people who do extravagant behavior even towards their friends. They are young people who want to be acknowledged, but unfortunately, they often take the wrong path, and when they are reminded that it is wrong, they cannot accept it and instead invite or make a fuss.

If these young people can be directed in a better direction, they can use it to prepare for their future and start thinking about what they will do. By having short, medium, and long term plans, they can start to organize their life, and even though they are different from their friends, they can feel it later in the future. Especially if, at their age, they can start thinking about investing for their future.

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August 09, 2023, 11:53:55 AM
 #150

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?
As a human especially those that are financially stable you must have a spare income left in your savings aside from the money meant for other bills you might have made budget for and that's your spare cash which can be used for spending on outings, entertainment, and fun or even gambling, it quite true that no one willing wants to lose money but since gambling is a game of either lose or profit it's advised that people should use the little percentage of their income that they could lose with feeling too much guilt or remorse and it varies based on an individuals financial status.
 Like I stated earlier the money that's meant to be used for gambling varies for different individuals based on their financial status and if 5,10,20, or 30% of a persons income is okay by them and they won't feel much pain or sadness when they lose then it's fine to say that's their spare case and they're good to use it for gambling

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August 10, 2023, 04:30:20 PM
 #151

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?
No one will want to lose any amount of money that quickly, as we are all aware. But if I may state, what they mean by "money someone can afford to lose" is money that when someone loses it, it does not effect them as much. For instance, if you have $100,000 in your account, losing simply $50 to $100 may not hurt you as much as losing something like $50,000. As a result, I also think that if someone uses 1% of their funds to gamble, they won't be as concerned even if they lose. As for me, I still think it's wise to only gamble with money you can afford to lose since I know that even if I lose a little, I won't be broke.
If they do, they will only bet tiny amounts just to last long enough or they will only play using the demo mode of the game. Some people can still enjoy gambling this way. They think that money is too precious because it is so hard to earn it so even the tiny amounts of it must be spent properly. Like you I also play using the amounts I can afford to lose but sometimes I can't help but to deeply think of these losses.

There is still a regret that I feel but at the same time, I won't force my self to completely stop gambling. Playing using demo mode won't also work well on me. I think it's only on me. Maybe I have other mental issue but I'm looking forward on curing it.
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August 11, 2023, 09:57:49 PM
 #152

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?
No one will want to lose any amount of money that quickly, as we are all aware. But if I may state, what they mean by "money someone can afford to lose" is money that when someone loses it, it does not effect them as much. For instance, if you have $100,000 in your account, losing simply $50 to $100 may not hurt you as much as losing something like $50,000. As a result, I also think that if someone uses 1% of their funds to gamble, they won't be as concerned even if they lose. As for me, I still think it's wise to only gamble with money you can afford to lose since I know that even if I lose a little, I won't be broke.
The meaning of "money you can lose gambling" is money that you use to gamble and if that money is lost at the gambling table, you will be okay and have no problem with losing it. So if some people can afford to lose $100-$1k, they can afford to lose that much money and maybe they'll still return to the casino another day. As long as that person can still be wise in using their money, it won't be a problem because they must have thought before using their money. We should only use the money we can afford not to be too disappointed and sad.
The thing is, OP's coming from a place of lacking, otherwise he would understand the concept of money that you can afford to lose. People out there will always have money that they can burn, which they can in turn use to gamble away. And since OP doesn't understand this given the fact that he thinks everyone should just gamble regardless since no one has "money they can afford to lose" he thinks he's right. But at the end of the day this "gambling capacity as I call it" is something that's real and is something that you need to gauge for yourself so you don't go out here losing money you couldn't afford to lose. If you think you don't have any money for gambling, then might as well not gamble. Don't push your luck pal.

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August 11, 2023, 10:14:18 PM
 #153

The thing is, OP's coming from a place of lacking, otherwise he would understand the concept of money that you can afford to lose. People out there will always have money that they can burn, which they can in turn use to gamble away. And since OP doesn't understand this given the fact that he thinks everyone should just gamble regardless since no one has "money they can afford to lose" he thinks he's right. But at the end of the day this "gambling capacity as I call it" is something that's real and is something that you need to gauge for yourself so you don't go out here losing money you couldn't afford to lose. If you think you don't have any money for gambling, then might as well not gamble. Don't push your luck pal.

Most of the gamblers with good knowledge will use the the free money for the gambling.When the money is the money free from your monthly expenses,you don't worry about the loss occur in the gambling.If the monthly income is 2k dollars,then ten percentage of 200 dollars will not affect you.Mostly people use the money of 20-30 percentage of their salary for the monthly rent of their house.They use the 50 percentage of money for the food items.So the 200 dollars won't affect their monthly spending,it allow them to continue the casino for the next day.
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August 11, 2023, 11:17:00 PM
 #154

Gambling is a game in which it is customary to take risks. Many of us like to take risks, especially in our youth, some of us manage to earn good money, but it is quite natural that someone loses everything he has. I am not just talking about gambling, but trading on the stock exchange and investing in cryptocurrencies can also be referred to high-risk entertainment. Risk makes us feel very strong emotions, which is why such entertainment attracts people so much.
It no doubt happens with young people because they still think that if they can show something more challenging in front of their friends, they will take that risk. And those who manage to overcome that risk will seek other challenges with even greater risks.

But if these young people take risks by gambling with a lot of money, they will not be able to stop easily because they will think that they can recover their losses and get wins. They won't think if it's money they can afford to lose or they will regret it. In the end, they will regret losing their money but return to gambling again another time. And they should try to have a budget for gambling so they won't have the same experience later.
That is a fact that we meet in any part of the world where young people tend to like to take risks and no matter how they fall into it, the greater the risk, the more they desire to conquer it, but my view is that if I generalize it between gambling and investing, that is a logical placement. which is wrong, because if we talk about investing, when we fail in the process, someone can continue to improve it, so that they can be at the peak of the success they get from investing, but in gambling the case is different, because even though both are taking risks, and spelled out more there is a high ratio of losses to gains, but we cannot examine where we went wrong in the process if we do not get an advantage in the game.

Playing with risks, of course, will definitely provide its own adrenaline so that there are challenges in gambling games, apart from that the risks are not only in gambling but also in crypto trading also has risks or other activities, the higher the risk the higher the adrenaline we feel that's why children who are just growing up find it easier to find risks and games that trigger adrenaline in gambling.

In this modern era, anyone can gamble with their cellphone and everyone can find entertainment by playing gambling, talking about the risks, everything we encounter in life always has risks, even trading as an entrepreneur is full of risks, depending on how we can minimize the risks ourselves so that not too lose more money.
But I think talking about gambling, with other activities, what do you think is talking about adrenaline, I don't think it's apples to apples, because I'm not quite sure that adrenaline in the context of trading and gambling is different, gambling is generally easier to do and not takes a lot of time for analysis and all kinds of decisions to make, and the main thing in gambling is luck.

If the premise of risk here in terms of risk in gambling and investment is the same thing, then the wild meaning says that the investor is a gambler. Huh

There are certain factors that separate investors from gambler, you can just find it in just a simple search of difference between and investo and a gambler, but do no worry I already did it for you: https://www.investopedia.com/articles/basics/09/compare-investing-gambling.asp .  One worth noting is this explanation I qouted:

Quote
When you gamble, you own nothing, but when you invest in a stock, you own a share of the underlying company; in fact, some companies actually reimburse you for your ownership, in the form of stock dividends.

You can read the link I given to understand more deeply the difference of investment and gambling.

The thing is, OP's coming from a place of lacking, otherwise he would understand the concept of money that you can afford to lose. People out there will always have money that they can burn, which they can in turn use to gamble away. And since OP doesn't understand this given the fact that he thinks everyone should just gamble regardless since no one has "money they can afford to lose" he thinks he's right. But at the end of the day this "gambling capacity as I call it" is something that's real and is something that you need to gauge for yourself so you don't go out here losing money you couldn't afford to lose. If you think you don't have any money for gambling, then might as well not gamble. Don't push your luck pal.

Most of the gamblers with good knowledge will use the the free money for the gambling.When the money is the money free from your monthly expenses,you don't worry about the loss occur in the gambling.If the monthly income is 2k dollars,then ten percentage of 200 dollars will not affect you.Mostly people use the money of 20-30 percentage of their salary for the monthly rent of their house.They use the 50 percentage of money for the food items.So the 200 dollars won't affect their monthly spending,it allow them to continue the casino for the next day.

Yeah as a gambler we should have a proper allocation of funds so that we won't end up destroying our financial capabilities.  It is hard when we found ourselves in deeply negative financial status, it will take time to recover and reclaim the amount lost due to gambling.  We must practice restraint and bankroll management.  And only gamble the money we can afford to lose.  One of the best practical advice in gambling industry.
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August 11, 2023, 11:46:38 PM
 #155

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?
No one will want to lose any amount of money that quickly, as we are all aware. But if I may state, what they mean by "money someone can afford to lose" is money that when someone loses it, it does not effect them as much. For instance, if you have $100,000 in your account, losing simply $50 to $100 may not hurt you as much as losing something like $50,000. As a result, I also think that if someone uses 1% of their funds to gamble, they won't be as concerned even if they lose. As for me, I still think it's wise to only gamble with money you can afford to lose since I know that even if I lose a little, I won't be broke.
The meaning of "money you can lose gambling" is money that you use to gamble and if that money is lost at the gambling table, you will be okay and have no problem with losing it. So if some people can afford to lose $100-$1k, they can afford to lose that much money and maybe they'll still return to the casino another day. As long as that person can still be wise in using their money, it won't be a problem because they must have thought before using their money. We should only use the money we can afford not to be too disappointed and sad.
The thing is, OP's coming from a place of lacking, otherwise he would understand the concept of money that you can afford to lose. People out there will always have money that they can burn, which they can in turn use to gamble away. And since OP doesn't understand this given the fact that he thinks everyone should just gamble regardless since no one has "money they can afford to lose" he thinks he's right. But at the end of the day this "gambling capacity as I call it" is something that's real and is something that you need to gauge for yourself so you don't go out here losing money you couldn't afford to lose. If you think you don't have any money for gambling, then might as well not gamble. Don't push your luck pal.
Each person does have that different financial capability on which means that there are ones who are really that prepared or really that expecting about those gambling losses and there are ones who are really that

motivated on making some income or having that kind of approach which its never been that that ideal on gambling to be treating up that way.There are people who are really that prepared on losing those funds
and that should really be done in the first place because if you dont really make yourself that prepared or having those intents for those funds to be used up that way then you would really be that desperate or would really be that impulsive towards gambling and you would really be acting like a gambling addict on the time that you cant really be able to control yourself when it comes to spendings.

If you are that someone who arent really that good when it comes to emotion or mindset handling then its better to avoid it if you dont like on losing money that much but its true that
there are people who are really that prepared on burning up their funds into gambling and dont mind if ever they would really be losing it.

R


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August 12, 2023, 06:58:50 AM
 #156

If you're not allocating your money, that's how you'll think.

But do not forget that we're different in terms of how we handle our money. You put a budget in buying foods and necessities, bills, mortgage and everything.

While gamblers do allocate a budget for spending in the casino and that's the money that they can afford to lose. It may sound impractical but that's how usually it goes.

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August 12, 2023, 07:57:21 AM
 #157

This fact is increasingly visible when we often witness the behavior of young people who do extravagant behavior even towards their friends. They are young people who want to be acknowledged, but unfortunately, they often take the wrong path, and when they are reminded that it is wrong, they cannot accept it and instead invite or make a fuss.

If these young people can be directed in a better direction, they can use it to prepare for their future and start thinking about what they will do. By having short, medium, and long term plans, they can start to organize their life, and even though they are different from their friends, they can feel it later in the future. Especially if, at their age, they can start thinking about investing for their future.
The first thing that makes many young people do this without thinking twice is because they think that there are still parents who can give what they ask for, they can even rely on their parents to demand their needs and lifestyle so they don't think clearly in the long term and often just ignored.
Indeed, the needs of a child are the responsibility of parents, but at least every child should be able to think and consider what he is doing so that there is no disappointment from the parents when they find out that their child has done something wrong.
Providing education to young people about understanding the risks of gambling and investing, in my opinion, is a good step so they can think about which one is better and can provide benefits in the future because young people have a long life journey.
In addition, providing insight and education about financial management is also very important and can make the younger generation have a more educated soul to think about how to develop themselves to make money without having to pay a lot of money.

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August 12, 2023, 08:06:47 AM
 #158

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?
I think it was quite the norm when you're gambling, it's not that it wasn't practical in a sense that you'll just prepared to lose it all but you know that it isn't certain. Well, it's 50-50 but as a gambler I think preparing for the worst rather than the best will always be understandable.
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August 12, 2023, 08:53:37 AM
 #159

I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?
I think it was quite the norm when you're gambling, it's not that it wasn't practical in a sense that you'll just prepared to lose it all but you know that it isn't certain. Well, it's 50-50 but as a gambler I think preparing for the worst rather than the best will always be understandable.
It is what most newbie gamblers will fall for. To lose control, have emotions and gamble with more money and following by addiction. But there should not be anything like this unless for the gamblers that do not want to be responsible while gambling. If gambling, it should be noted that spending more than expected is what that will not end good. Gamblers should not chase money. Gambling is not even 50-50, the gamblers have lower probability to win and higher probability to lose.

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August 12, 2023, 09:34:02 AM
 #160

If you're not allocating your money, that's how you'll think.

But do not forget that we're different in terms of how we handle our money. You put a budget in buying foods and necessities, bills, mortgage and everything.

While gamblers do allocate a budget for spending in the casino and that's the money that they can afford to lose. It may sound impractical but that's how usually it goes.
Yes, that's how it is as gamblers we are required to do something that should be and this must be considered that for gambling always separate the budget for gambling and the budget for living needs, because if it is put together it will make finances messy, so using money that is set aside and not used is it's important not to use a budget for necessities, at least be smart enough to limit the gambling budget.

By trying to limit the budget, it will definitely help us get rid of the nature of addiction, which is sometimes when we gamble and lose, we continue to play until all the money is used up, so money for other necessities of life also runs out. This is important to learn and control because to protect ourselves from addiction

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