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Author Topic: This is not Practical  (Read 1145 times)
Taskford
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July 29, 2023, 11:23:43 AM
 #121

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?

Not everyone is as broke as you are, you know? When you have had your finances under control for years and you have savings and investments, you can spend some money on gambling just as you can spend it on dinner or drinks. It's not for a need, as you say, to spend it on a few drinks in a pub or gambling in a casino.

So yes, in my case I can afford to lose it. And I'm not the only one.

Yeah maybe he doesn't have allocated amount on anything and the only thing he have is his hard earned money that's why he cannot afford to lose it on anything he want to do with his money. But actually majority of people have allocated budget for gambling and that one is their excess money coming from the one they earn somewhere then they can afford to use that whatever happen to it. We see a lot of people goes this way that's also the reason on why we see gambler still happy whatever result they encounter.

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July 29, 2023, 03:34:58 PM
 #122

Why do we have to make an issue out of this? I think it's pretty much clear and self-explanatory. No debate is necessary. By "money that we can afford to lose," we only mean money that is not intended for something else important like rent or bills to pay, tuition for you child, regular checkup for your old sick mother, etc. That's the kind of money that is being referred to.

Me, I'm gambling with my extra savings, exactly something that I can afford to lose. It's not money that, if lost, I'd be missing a meal.

The right answer I think, but maybe the OP was curious about what he was thinking and then asked in this thread. it would be very natural, because for some people have many questions in their minds. in particular, as we discuss in this thread. We've had a lot of discussion about gambling on these boards, there's been mixed feedback from the community. in fact there are many who say, gamble with money you can afford to lose, even I myself often say this repeatedly.

To represent the OP's question, you have answered it straightforwardly and precisely. and what we mean by saying, money that is ready to lose, is one of them, as you said in this post. it's just that sometimes in practice, it's not as easy as we say. Even though we know very well about this idea, sometimes we can get carried away and even be able to spend a lot of money to gamble. especially, when we are on a losing streak. it's hard, to stop the gambling session when we are controlled by emotions. because psychologically, we tend to be compelled to do it again and again.
ideally, this idea should be accompanied by responsibility and self-control. thus, the points you say are in line with the money you are prepared to lose in gambling.

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July 29, 2023, 07:59:31 PM
 #123

We do have spare money but that money is also for our use. It is true that we use the money that we need to make our ends meet. We generally are unable to allocate some funds for gambling. This is why gambler have more debt than non gamblers and if we are unable to control our addiction then that debt spirals up. Eventually leading to all bad things the world can offer. That is why it is better to gamble resposibly otherwise things will trun from bad to worst.
I think the reserve money referred to is not really used, namely setting aside a certain budget by limiting the budget for gambling, for example, there is a reserve money of $ 10k so 2% can be used for gambling, not all reserve money is used for gambling, maybe there was a communication error that made this is getting awkward and confusing to the OP.

After all, it all comes back to self-control when gambling, we still have to be responsible because if we can't do that, it's best to stop gambling, because it will obviously use up the reserve money that is also needed for later living needs or you can also use bonus money, for example when we work If you have bonus money, why not try it for gambling, because it doesn't have to be spare money, meaning money that really isn't used for life's necessities.
I agree that it's an issue of individual choice and requirements and not just for gaming. Here, we focus on a portion rather than the whole. It all comes down to smart budgeting

However, allocating 2% of income to gambling seems... dubious. Why not put that portion of your income toward a rainy-day fund, extra savings, or investment? Isn't it true that long-term financial security is more important than momentary excitement?

It's an intriguing idea to speculate with bonus funds. Since this money won't change anyone's ability to buy food or shelter, it could be a safer option. Again, though, this all comes down to discipline and knowing when to cut back. Spend your money wisely

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July 31, 2023, 12:34:32 PM
 #124

I think the reserve money referred to is not really used, namely setting aside a certain budget by limiting the budget for gambling, for example, there is a reserve money of $ 10k so 2% can be used for gambling, not all reserve money is used for gambling, maybe there was a communication error that made this is getting awkward and confusing to the OP.

After all, it all comes back to self-control when gambling, we still have to be responsible because if we can't do that, it's best to stop gambling, because it will obviously use up the reserve money that is also needed for later living needs or you can also use bonus money, for example when we work If you have bonus money, why not try it for gambling, because it doesn't have to be spare money, meaning money that really isn't used for life's necessities.
I agree that it's an issue of individual choice and requirements and not just for gaming. Here, we focus on a portion rather than the whole. It all comes down to smart budgeting

However, allocating 2% of income to gambling seems... dubious. Why not put that portion of your income toward a rainy-day fund, extra savings, or investment? Isn't it true that long-term financial security is more important than momentary excitement?

It's an intriguing idea to speculate with bonus funds. Since this money won't change anyone's ability to buy food or shelter, it could be a safer option. Again, though, this all comes down to discipline and knowing when to cut back. Spend your money wisely
I don't see any issue in having a small but specific budget from your income toward what you like to do as long as it is not creating any problems for you in your life and other activities that require financing. One might earn enough to have savings, spend money on their home, keep their family happy, and do all other things that they need to do in their life and still have some money left that they can use for gambling if they do it only to have some fun.

I know that the money one uses in gambling can be used for something else that might be better for them in the long run, but what I'm trying to say is if someone has already taken care of that and everything else, there is really no harm in them spending some money on themselves and what they like to do in their life.

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August 04, 2023, 01:15:42 PM
 #125

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?

It’s true,people should split their income to different parts every month.The gamblers should have allot 10-20 percentage of money for their entertainment,So the entertainment money will not affect your monthly expenses.This was the strategy to get away from any financial issues after the loss from the gambling.Gambling profit always give you some good enjoyment and allow you to buy some more desired items.But we should think about the loss too.Because being practical will lead to peaceful life.Some of the gamblers failed to calculate their income and living the peace less life.Once you do planned expenses,you will be free from credits.
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August 04, 2023, 02:06:11 PM
 #126

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?

Simple answer YES, the money I prepare for gambling is the money that I can afford to lose.
It seems that you interpret it literally so it sounds like it is something a bit bad for you.
If no one has money they can afford to lose, how can many people spend their money for other things?
When people say that they spend money that they can afford to lose in gambling, it should be understood equally to when people say that they are willing to spend some money for their hobbies.
All in all I will say it is money that wont affect them financially after they spend it (not only for gambling).

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August 04, 2023, 02:41:48 PM
 #127

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?

It’s true,people should split their income to different parts every month.The gamblers should have allot 10-20 percentage of money for their entertainment,So the entertainment money will not affect your monthly expenses.This was the strategy to get away from any financial issues after the loss from the gambling.Gambling profit always give you some good enjoyment and allow you to buy some more desired items.But we should think about the loss too.Because being practical will lead to peaceful life.Some of the gamblers failed to calculate their income and living the peace less life.Once you do planned expenses,you will be free from credits.
I agree with what you said because indeed everyone will have their own budget to entertain themselves but when entertainment is decided on gambling then everything can not go according to plan where if you only provide a budget of 10% to 20% of income and gamble but losing might get out of control and increase the amount of money set for gambling entertainment.
This happens a lot and has been clearly proven to have been experienced by anyone.

If you really want to have limits on gambling, we can actually do that by entrusting most of the income to the wife if we are married and if we haven't yet, we can also leave it to our parents to keep it.

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August 04, 2023, 02:59:04 PM
 #128

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?
If we are basing into a normal people in this world then all we can say is that no one say that they have the amount of money to loss. Because normal people will always think that every 1buck is valuable. But in the world of gambling they don't mind if they will loss or not.  Especially those gambling addicts they don't mind their losses because all they want is to win the jackpot or let say there any to win bigger.

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August 04, 2023, 05:42:59 PM
 #129

I have a family and that has dropped on my huge responsibility. May parents are old. In my culture the kids take care of the aged parents. And the older kids look after the younger siblings. Therefore, it will be disastrous if the money I gamble with is what I cannot afford to lose. I am responsible for these people so I cannot be irresponsible with money. Trust me of it is for gambling which I consider entertainment, then it is money that I can afford to lose.

People who are of the same school of thought as the OP are individuals who believe that gambling is a source of income..
Gambling is like buying a lottery ticket, the different isn't much, it comes with 1% of possibly getting lucky, imagine a family man setting his goals on such thing, this will bring havoc on such a family because things will eventually fall apart.

I have my older mother left, and I have to take good care of her, that includes my family too, so with great responsibility on me, imagine shifting my focus on gambling as a source of income, it's like rewriting one's fate by himself.



Well, something must be emphasized here, the family, especially people like parents, grandparents, are the closest relatives we can have, the ones who keep them alive, we must take advantage of them, take care of them, be responsible with them, without these people we cannot we would have life, so when we begin to think that the money that is invested in a casino I say invest more, not spend or throw away, because a casino should not be seen as an entity that provides a service, that this service should not be abused because It can hurt us to capitalize, so when we have responsibility for things, the casino, sports betting should never be above our family, and that includes having responsibility.

It is the right thing to take care of the elders.  They are the reason why we exist in this world and our parents did their best to provide our needs.  And now that we are capable, we should always take care of them to the best of our ability and never abandon them.  Obviously, we need money to attend to their needs so we should be vigilant on the amount we are spending in casino.  We must only spend the money that we can afford to lose.  The money that is not intended for our family needs.  if we don't have any extra money, we should skip our gambling activities instead.




That's right, from what I have seen in many people who are addicted to gambling, there are all kinds of people who can easily fall into gambling addiction, but we must do what we can to prevent those close to us from falling into it. , there are many people like us who have family, children, dependents, it is a responsibility that should not be wasted, so the game does not justify missing some things, this means that many of us cannot see things as they are , Personally , I believe that some things are priorities in life, taking care of those who gave Everything to be who we are is an act of responsibility, but also of gratitude, a person should try to give them all the happiness possible as soon as possible. have the chances.

When these people leave there is nothing to do, it can only remain in us that we gave everything for them and that we treat them well, that is the greatest of all consolations, and that is something that in the future we do not know how it will be our old age, how we are going to take it or how we are possibly treated by the things we do or say, or the friendships we have made, that is one of the things that we must see, not only in the game that we develop but in everything possible that you may have at any given time, and above all be responsible to those who deserve it, a game, the casino, sports betting is something that can wait.

That is why sometimes when we hear and see some cases of addiction it is easy to think, but it is difficult to be there suffering from this effect that is not pleasant at all, I believe that all addiction will always bring negative things to people, I have not seen any addiction that is good, It will always have negative effects on our lives. When I see that someone is about to fall into addiction, I try to go far below, that is, to make them not feel attacked , but rather , to gain the Confidence to be Able to talk to them and to be able to help. Plus, sometimes we see Behaviors that are impractical or shouldn't be done , but it's hard to Change everything a Person Already has as a Routine.

Something that also seems to me to be not a healthy practice is to see gambling as an income option, because obviously at some point we will lose and we will lose having nothing left, that is why you must have total control so as not to fall into that mistake .

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August 04, 2023, 08:02:50 PM
 #130

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?
If we are basing into a normal people in this world then all we can say is that no one say that they have the amount of money to loss. Because normal people will always think that every 1buck is valuable. But in the world of gambling they don't mind if they will loss or not.  Especially those gambling addicts they don't mind their losses because all they want is to win the jackpot or let say there any to win bigger.
It like when someone buys a cigarette but burns it and this can be another term for gambling, just a different version.
Yes, maybe someone who is too realistic will always think of any amount even if he really needs it, like gambling is a place to entertain himself for fun, but it impossible for us to count the amount of $ 1 because we need that pleasure.
In my opinion, the OP statement disagrees a little because in life we sometime need entertainment so that if a budget has been set for gambling, of course money that can afford to be lost and we are given pleasure in gambling, especially if you are lucky to get a winning bonus.
So whatever the amount, if it according to what we want, it doesn't matter.

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August 04, 2023, 08:29:45 PM
 #131

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?

It’s true,people should split their income to different parts every month.The gamblers should have allot 10-20 percentage of money for their entertainment,So the entertainment money will not affect your monthly expenses.This was the strategy to get away from any financial issues after the loss from the gambling.Gambling profit always give you some good enjoyment and allow you to buy some more desired items.But we should think about the loss too.Because being practical will lead to peaceful life.Some of the gamblers failed to calculate their income and living the peace less life.Once you do planned expenses,you will be free from credits.

You are indeed a rich dude/person for allocating such 10-20$ to gambling but to me, I feel like its a waste when I have more responsibilities to tackle but its cool, you may have little bills to handle and more time to have fun but I don't have money to spend on gambling. The reason why I said so is that my wager is always in local currency and considering the siuation of dollar rate here, if I use that % on gambling, it is going to be a extravagant life style that may end me up with gambling addiction.

I think Op have not gamble much, if at all he does, he will know how powerful the statement is for a gambler to use the money he cannot afford to lose, so that when you don't win anything, guilt and disappointment will not be the first thing that will come to your mind but where you made mistake and the necessary precautions that where avoided in the first place, learn to put it in practice and you will understand the power of that statement.

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August 04, 2023, 09:41:46 PM
 #132

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?

It’s true,people should split their income to different parts every month.The gamblers should have allot 10-20 percentage of money for their entertainment,So the entertainment money will not affect your monthly expenses.This was the strategy to get away from any financial issues after the loss from the gambling.Gambling profit always give you some good enjoyment and allow you to buy some more desired items.But we should think about the loss too.Because being practical will lead to peaceful life.Some of the gamblers failed to calculate their income and living the peace less life.Once you do planned expenses,you will be free from credits.

You are indeed a rich dude/person for allocating such 10-20$ to gambling but to me, I feel like its a waste when I have more responsibilities to tackle but its cool, you may have little bills to handle and more time to have fun but I don't have money to spend on gambling. The reason why I said so is that my wager is always in local currency and considering the siuation of dollar rate here, if I use that % on gambling, it is going to be a extravagant life style that may end me up with gambling addiction.

If you have lots of financial responsibility and your income is somhow enough for theses responsibility, I think you should avoid gambling since if you lose the little extra you have, you might get tempted to use the money that you can't afford to lose.  It is really a good thing that you see those small amounts of money being wasted when it was lost on gambling since that shows that you value money and do not want to waste it on something you think is not worth spending.

I think Op have not gamble much, if at all he does, he will know how powerful the statement is for a gambler to use the money he cannot afford to lose, so that when you don't win anything, guilt and disappointment will not be the first thing that will come to your mind but where you made mistake and the necessary precautions that where avoided in the first place, learn to put it in practice and you will understand the power of that statement.

I also agree that @OP is somehow new to gambling activities since his experience and statement shown a not experienced stance and some confusion about the term "money that is afford to lose".  I believe with more experience in the gambling industry and reading more information about fallacy, guidelines, gambling terms explanation, @OP will eventually realized the misconception or misunderstand he has when he created this topic. He then probably come to realize that gambling only the money we are afford to lose is actually one of the best practical advise one gambler should listen to.
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August 04, 2023, 09:55:26 PM
 #133

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

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August 04, 2023, 10:27:48 PM
 #134

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.

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August 04, 2023, 10:51:06 PM
 #135

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?

Not everyone is as broke as you are, you know? When you have had your finances under control for years and you have savings and investments, you can spend some money on gambling just as you can spend it on dinner or drinks. It's not for a need, as you say, to spend it on a few drinks in a pub or gambling in a casino.

So yes, in my case I can afford to lose it. And I'm not the only one.

Yeah maybe he doesn't have allocated amount on anything and the only thing he have is his hard earned money that's why he cannot afford to lose it on anything he want to do with his money. But actually majority of people have allocated budget for gambling and that one is their excess money coming from the one they earn somewhere then they can afford to use that whatever happen to it. We see a lot of people goes this way that's also the reason on why we see gambler still happy whatever result they encounter.
Gambling is for fun and it should really be treated up that way but there are people who are really that spending up their emergency funds or important which its unwise on doing so and this would be the primary

reason on why you would really be making yourself that too impulsive and desperate on the time that you would be playing gambling because you are playing on the money or amount that is really that intended for
emergency or something that we can called life savings which you do know in mind that you shouldnt really be losing these funds because if you do then youre totally fucked up on this one. Its not nor never been practical on the first place in speaking on spending those funds in gambling.It should really be just on that extra money you do have and never ever have in mind that gambling is something that could be considered
as source of income because you are really that very wrong on having that perception.

People do usually be able to realize on things when they had already get devastated or had been able to experience unfortunate events which they might have able to avoid it earlier
if they are really just that sensible on what they encounter or on what they are doing.

R


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August 05, 2023, 12:54:33 AM
 #136

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, it is necessary to understand very well what is what people consider as "money that can be lost, because everyone here considers that every dollar is precious and important in finance... .
To be clearer, consider that the money you can lose is all the money you use to buy ice cream to go to the mall, the cinema or to the bar with friends, it could even be the money you used to buy stylish clothes or shoes that you didn't need, understand? It's all that money that one way or another you would end up spending on something futile or not essential for your survival.

On the other hand, the money that you cannot lose is the one that needs to be used to pay the bills, pay for food, medicine, rent for your house or any other item that is essential for your life.

Planning is important because these expendable expenses vary a lot each month, so start paying your bills and use whatever is left over for gambling.

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August 05, 2023, 10:15:44 AM
 #137

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.

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August 05, 2023, 10:47:39 AM
 #138

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.

R


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August 06, 2023, 07:12:11 AM
 #139

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.
Yes, the beauty of gambling is that it is for entertainment and when we have had that entertainment, we should stop immediately. Otherwise, we will be increasingly tempted to get more entertainment but the reality later is that we may end up losing more than before. And if we can't find solace in gambling, maybe we'd better not seek solace elsewhere. Thus, we also will not lose the money we use to gamble but maybe we can get something that we would not get from gambling. But if we still want to play gambling, we should not spend much money and keep every expenditure on gambling.

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August 06, 2023, 09:14:30 AM
 #140

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?

     -     If you are a gambler and you believe that it is difficult to beat the house edge, it means that you accept to yourself that when you gamble in a casino or bet, you should only use the fact that you are willing to beat it and not the conceptual thought that you are gambling because you just think you're going to hit the jackpot.

Maybe, it just becomes impractical because there are other gamblers who are rich and the large amounts they lose are in the eyes of the majority, especially the poor people who always think of growing small gambling capital. Apparently, rich gamblers this is not practical for the majority, but it is practical for only losing small amounts.

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