This is not Practical

[swogerino]

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.

As far as here nothing is impractical.The real problems are the gamblers who cannot accepts that easily that they lost all their allocated money in that specific gambling session and as such they deposit more in order to try and recover the lost amount,which we all know that rarely this is the case and normally the new deposit creates further problems rather than solving the first one.

We are forced to pay the bills,necessities,rent and all this,we don't have a choice here unless we want to starve if we use that money for gambling,the real problem starts with excess money that for me is the root of all the gambling problems.

[maydna]

~snip~

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.

This will go back to how parents can educate their children because if parents can educate their children properly and correctly, their children will not disappoint their parents and will do the best for their parents. But the reality is that parents have done their best to educate their children but because their children have the wrong association, they have chosen the wrong path and disappointed their parents. Perhaps parents need to tell them what risks their children will face if they get involved in gambling so that their children can think about the impact on their future. If there is good communication between parents and their children, there will be no misunderstandings or serious problems. And providing insight and education to their children from childhood can give them the awareness to have a more educated soul and think about how they should act, including when they are with their friends. Her children will not go wrong and can even become role models for their friends.

[Slow death]

these days I have observed that people who have many sources of income can afford to be playing all day and every day, it seems like a joke but unfortunately it is not a joke, I have seen people in my country playing all day everything, then they start to fight but from what I see of the rich people who earn money every day it doesn't hurt them to take money to play every day, that's because those people already have their own homes, they already have many cars, they already have many sources of income income, so playing every day with an amount that is just one day's profit from their many trades is not a problem for them.

now it would become a problem if they became addicted to gambling, because with that they would put in more and more money every day and there would come a time when their daily profit would be much lower than the daily money they are spending in the casino and with a few years or even months they would go bankrupt, sell everything and become poor, addicted, drugged and kill themselves. by that i mean when the person has self-control, the person can play every day, but he needs to think that if he has a profit of 100$ a day from his real life trades, then he should only play with 10$ a day , if you have profits of 10,000$ per day from your real world trades, that person could play with up to 1000$ per day

financial management is a very important factor, a person who earns 500$ a month and after doing all the calculations for household expenses and 80$ is left over for fun, then that person could only play with 10$ or 20$ a month, if with 20$ he wins and is left with 40$ then it is a good thing because the bankroll value has risen a lot, this means that in the following month that person will not need to put more money in the casino. but if you lose the 10$ or 20$ then you must wait 30 days to put another 10$ or 20$. as I said, bankroll management is very important

[DaMut]

i also feel like its more of a theoretical thing than practical. but i believe with discipline it can be achieved. where people get it wrong is that how do you estimate or separate the money that you can afford to lose? if you can sincerely answer this question then it will help you to gamble responsibly and not to be addicted.

[Westinhome]

i also feel like its more of a theoretical thing than practical. but i believe with discipline it can be achieved. where people get it wrong is that how do you estimate or separate the money that you can afford to lose? if you can sincerely answer this question then it will help you to gamble responsibly and not to be addicted.

The practical one is most important one in the gambling.Because the gambling is like the trading,it can be learned by applying your knowledge.The discipline is the needed one in the practical experience of the game.The gambler should use the money,which he afford to loss in the gambling.Most of the gambler start to increases the money to the gambling by the addiction to the gambling,till use the free money to the gambling.The game in the gambling will be the fun filled one.

[Shamm]

i also feel like its more of a theoretical thing than practical. but i believe with discipline it can be achieved. where people get it wrong is that how do you estimate or separate the money that you can afford to lose? if you can sincerely answer this question then it will help you to gamble responsibly and not to be addicted.

Yes agree with you mate it's better to us to discipline ourselves and separate our money for our daily needs and for our wants which is for gamble and we must have the mindset that once we are budgeting for our gambling needs there's no assurance that our money will grow unless we are lucky enough to hit the jackpot. That's why we need to put in our mind that we must separate our money that can we afford to lose.

[Assface16678]

i also feel like its more of a theoretical thing than practical. but i believe with discipline it can be achieved. where people get it wrong is that how do you estimate or separate the money that you can afford to lose? if you can sincerely answer this question then it will help you to gamble responsibly and not to be addicted.

Simply allocate a portion of your money to use in gambling or as a capital to start. In that way, only that money will be used to play, which is the meaning of "money you can afford to lose." Also, that portion of money will not affect your financial stability; it is also called boundary money, which means that's it; it is the only money you will spend in playing and will not overboard, to avoid a big loss. I think this should be a good practice for the gamblers or set this as their mindset, but they can only do that if they have discipline.

[Japinat]

i also feel like its more of a theoretical thing than practical. but i believe with discipline it can be achieved. where people get it wrong is that how do you estimate or separate the money that you can afford to lose? if you can sincerely answer this question then it will help you to gamble responsibly and not to be addicted.

Simply allocate a portion of your money to use in gambling or as a capital to start. In that way, only that money will be used to play, which is the meaning of "money you can afford to lose." Also, that portion of money will not affect your financial stability; it is also called boundary money, which means that's it; it is the only money you will spend in playing and will not overboard, to avoid a big loss. I think this should be a good practice for the gamblers or set this as their mindset, but they can only do that if they have discipline.

I really like the way you use the word 'capital' in gambling. It gives off this vibe like you're running a business. And if you approach it that way, you might just find success in the long run. Just like in regular business, you don't want to put all your money in one place; diversification is key to minimize risk. But, of course, that should come from your savings, where you make sure you've got funds set aside for emergencies. In short, not everything goes into investments.

Gambling might be just for fun for many of us, but if you're ambitious enough, you can think of it as investing. Take sports gambling, for instance. Some serious folks call it 'sports investing,' and they mean business.

[Vaskiy]

Spend the money one can afford to loss. What does it means?

The spending you do on gambling shouldn't affect ones life in any way, just because you've lost in gambling. In other terms you shouldn't

use the money for living into gambling. Most of us don't understand the risk and just keep on wagering just to recover what one had lost earlier. In a game of chance we can't be sure of the outcome and based on that needs to be limits.

I personally spend beyond my limit. Nowadays the spending on gambling used to be the money I allocate to clear my debts. When I loss on gambling, my personal living doesn't gets affected, but my debt gets stagnant. It is also kind of spending the needful money.

[Viscore]

Literally no one has money that they can afford to lose.

You know, when they say 'Don't gamble what you can afford to lose,' it's kind of like comparing gambling to other forms of entertainment. It's all about spending money on something that entertains you. Just like going to a concert or watching movies, you're putting your money into the experience.

But the saying also hints that in gambling, losing is a real possibility. So, it's like a reminder not to get too attached and be ready to move on if luck's not on your side.

[Altryist]

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?

When they talk about money that they can afford to lose, they mean some small amount, equivalent to what you can afford to spend on any other entertainment and this will not be noticeable for your budget.

It is clear that no one wants to lose money and come to gambling to win something, but if you play for an insignificant amount, it will not cause you any discomfort if you lose. Personally, I don’t like to lose and even losing a small bet can upset me, so I believe that everyone should only play with money that, if lost, will not affect your budget in any way.

[rachael9385]

It is already quoted here in this section that gamblers should use the little money that they can afford to lose and gamble, so some gamers are doing as quoted, but another quote states that gamers should use spare money to gamble and my disagreement with that quote is that nobody as a whole has spare money. Every money has value, but every money holder doesn't have value for their money.

Even if a person has enough money and still a steady income, I still don't agree that the money the person is working to get doesn't have a valid use. If the money doesn't have good use, then why is the person working hard to get the money?

At times, money controls the owner, like if someone has a lot of money, he might be confused about what to use the money for
and if not, then the person might just have to risk it, but that is not a good option.
It is good to know your limits on everything and risking everything is also not good, like I only gamble once in a while and I also have a limit that I don't and can exceed.

[jrrsparkles]

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?

So you are saying that you are spending all your money on the things you need and nothing on what you want?

Let me give you an example, of what you are achieving by paying for a ticket and watching a movie by doing that you are losing your money to get the experience, and can be replicated with a hundred other examples like that.

If you feel that you can't afford to lose money on gambling then you are not the person supposed to gamble, so go and make some money when you are filled with money and casinos are great places to spend it.

[ethereumhunter]

i also feel like its more of a theoretical thing than practical. but i believe with discipline it can be achieved. where people get it wrong is that how do you estimate or separate the money that you can afford to lose? if you can sincerely answer this question then it will help you to gamble responsibly and not to be addicted.

Simply allocate a portion of your money to use in gambling or as a capital to start. In that way, only that money will be used to play, which is the meaning of "money you can afford to lose." Also, that portion of money will not affect your financial stability; it is also called boundary money, which means that's it; it is the only money you will spend in playing and will not overboard, to avoid a big loss. I think this should be a good practice for the gamblers or set this as their mindset, but they can only do that if they have discipline.

Allocating a certain amount of funds for gambling is very important so that he does not use the money for other needs. This must be really paid attention to so that he does not deposit excessive money because he must have good self-control when he gambles. By allocating a certain amount of money for gambling, it is money that he can afford to lose from gambling so that if he loses control of himself, he will not try to deposit another amount of money. And that was money he could really afford to lose.

And if he accidentally spends his money one day, he can remember that he has already used the budget allocation he set for gambling. He also wouldn't try to deposit any more money because that would exceed the budget he had already made.

[piebeyb]

If you feel that you can't afford to lose money on gambling then you are not the person supposed to gamble, so go and make some money when you are filled with money and casinos are great places to spend it.

It seems like this is what beginners need to understand, don't gamble if you don't want to experience risks and don't want to lose money, because if you are still worried about that, it's the same as wasting money on gambling unless you really want to gamble just to find entertainment so the money you spend is not just to make other big money but to pay for entertainment when gambling.

I personally also always suggest that beginners should understand every risk when gambling and always use money that is ready to be lost. If you are not ready for that, you should not gamble, you should look for another hobby or look for other activities such as working or trading to get definite money that can be a source. a steady income that cannot be obtained from gambling.  

[DabsPoorVersion]

When they say "spend the money you can afford to lose", it doesn't mean that it is okay to lose your money at all. It only mean that it is the AMOUNT OF MONEY that you will be willing to take risk for the chance of making money from it. I mean, you have the chance to earn from it if you are lucky enough, and if you lose, there will be no hard feeling as you only risk the the amount of money you can afford to lose in gambling.

It is all about the risk on where you will spend your money, whether you will spend it all on your needs, wants, and savings. Or if you can separate a small amount of money to risk in gambling that might be double or not. It is all about the taking that risk or not.

[Blowon]

the practice is not easy. but it is a good thing to be advised. What if I said the gambling addiction that some people experience is also due to a theory. like saying "gambling is very detrimental" if we refer to it in gambling maybe some people will think "it's better if I really spend it, because I don't believe in that". I'm sure some people think this way. The reason why gambling is used only within the limits of the ability to lose money is what should be a reasonable limit.

[Die_empty]

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?

This advice is very practical. The meaning of the wise saying is not literal. It simply means that you should bet with money that you can afford to bear when you lose.  We all know that nobody wants to lose even a cent but in gambling, you put in what will not affect the provision for your basic needs. Your budget for gambling should be part of the least and shouldn't be what will give you sleepless nights when you lose.

There have been issues of people using their school fees, house rents, or even an entire monthly income to gamble because of greed. This shouldn't be the case because might lead to behavior disorders and even health problems. So this advice is simple but powerful and ageless. Your gambling expenses should be from your extra or spare income

[jrrsparkles]

If you feel that you can't afford to lose money on gambling then you are not the person supposed to gamble, so go and make some money when you are filled with money and casinos are great places to spend it.

It seems like this is what beginners need to understand, don't gamble if you don't want to experience risks and don't want to lose money, because if you are still worried about that, it's the same as wasting money on gambling unless you really want to gamble just to find entertainment so the money you spend is not just to make other big money but to pay for entertainment when gambling.

I personally also always suggest that beginners should understand every risk when gambling and always use money that is ready to be lost. If you are not ready for that, you should not gamble, you should look for another hobby or look for other activities such as working or trading to get definite money that can be a source. a steady income that cannot be obtained from gambling.  

Gambling should never be considered as a way of making money but the human mindset filled with greed sees this as a way but get backfired in the end.

Gambling is more of an experience and there is no denying that you can make life-changing money in the blink of an eye as I said you should not take the risk if you can't afford to lose the money but still people go for it due to their optimistic nature.

Start betting with no expectations, if you get some wins then you can feel lucky on that day and if it didn't just sleep on it then move on your daily activities cause thinking about the loss will lead to further financial loss in my opinion.

[Gozie51]

I personally also always suggest that beginners should understand every risk when gambling and always use money that is ready to be lost. If you are not ready for that, you should not gamble, you should look for another hobby or look for other activities such as working or trading to get definite money that can be a source. a steady income that cannot be obtained from gambling.  

Sorry but I think trading is as risky as gambling. If you can't gamble then it is better to search for a job than doing any of gambling or trading. Trading involves high risk and many have analysed it to have some features as gambling although it may not be the same but the fact remains that it is also risk. But a job gives you a more relaxed mind without risk of losing your money to untraceable person  . Working has its advantage and disadvantage, and the disadvantage is that you won't earn more than the agreed payment but gambling gives you that risky advantage. However, for newbies who are finding it difficult gambling, choose to search for job.