As a gambler do you have a potential winning amount limit?

[borovichok]

Different mindsets about gambling allow gamblers to have different approaches to gambling.

I agree with your opinion on the ground that people approach gambling differently with different strategies and different hopes. While some see gambling as a money-making venture, others see it as mainly for fun. However, whether it is for earning money or for fun, all gamblers have targets when gambling.

I will sound a caveat here. Gamblers who gamble for fun are also happy making money from it. This accounts for why every gambler needs to be guided by a limit. The limitation solely depends on the personal idiosyncrasy of the gambler.

I am a gambler and I have a potential winning amount target for myself. When I gamble I only want 50% profit of what I stake. For instance, if I stake with $100, my potential win will always amount to $150. This is so to enable me minimize risk.

Financial strength will differentiate how gamblers approach gambling, but the better their financial condition, the easier it is for them to become responsible gamblers.

Ideally, this should be the case but then there are gamblers with good finance that are irresponsible. In my opinion, any gambler who gambles with more than 60% of his income is irresponsible and this has been the reality of some gamblers. 

[1714886835]

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[1714886835]

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[klidex]

In another aspect, there are some players who are not satisfied with funds that are minimal but rather considerable, but that depends on their way of thinking, since each person's economic situation is different, and based on that, I believe that each one It is measured, the idea is gnar, there should not be many restrictions on winning, but on the risk to be taken.

Some gamblers are just greedy, nothing they win is enough for them and they keep playing until they lose all the profits they have made and sometimes they lose their gambling capital. An individual who isn't contended with what he has will lose all due to being greedy. Gambling can give you alot of money and it can also take all the money from you therefore when you're gambling and winning, you have to keep some money aside as savings so you don't use all up gambling.

When gambling, after winning some amount don't continue gambling again for that day. Take  a break so you don't lose all your money due to greediness. Gambling can be unpredictable but I always have a limit for myself, I set the limit so I know when I have won enough money for the day to quit although I know some days I won't be able to hit my target therefore I don't depend on only gambling for income.

Someone who is greedy will never have enough of their with profits and they continue playing until they get profits that are really big according to them, and they don't realize that their balance will decrease if they continue without checking their balance and as a result they will lose all their winnings and also lost his entire balance because he was too ambitious to win big, and it is true that we should be satisfied with whatever our winnings are and never try to keep getting more if we don't want to lose it all.

I agree with you that we also have to limit ourselves when it comes to gambling. When we feel like we have won, it's better to stop and cash out the money and immediately enjoy it and stop gambling on the same day, you can try your luck the next day but still with initial capital like usually and never exceed your limits.

[Bitinity]

same as winning , if i gather x2-x5 of my capital then i will also leave the table example if I deposit 100$ and goes above 200-300 dollars? i am considering to stop but while there is a luck i will try upto  500 dollars and that is my maximum win and surely will stop.

This is the important thing of having a winning limit before we start gambling. It helps us to control our greed when we are on winning moment, because if we do not set a winning limit, our greed will be bigger when we are on winning moment most of the time. Simple example, we made $100 deposit and we turn it to $300. In this moment, we will usually think like "this is my lucky moment, I want to make more (lets say 500)" but unfortunately we lose the previous $300 balance.

[rahmad2nd]

Someone who is greedy will never have enough of their with profits and they continue playing until they get profits that are really big according to them, and they don't realize that their balance will decrease if they continue without checking their balance and as a result they will lose all their winnings and also lost his entire balance because he was too ambitious to win big, and it is true that we should be satisfied with whatever our winnings are and never try to keep getting more if we don't want to lose it all.

I agree with you that we also have to limit ourselves when it comes to gambling. When we feel like we have won, it's better to stop and cash out the money and immediately enjoy it and stop gambling on the same day, you can try your luck the next day but still with initial capital like usually and never exceed your limits.

Interesting, isn't what you said something we have experienced or even often experience during gambling sessions? I think, it seems like almost most gamblers have experienced experiences like what you said in this post. actually, I'm interested in what you have to say. I will quote it, "Someone who is greedy will never have enough of their profits and they continue playing until they get profits that are really big according to them".
IMO, I think almost most gamblers have or even have problems with what you say. because after all this will be closely related to feelings and desires, these feelings and desires are shared by almost all normal humans. for example, a feeling of wanting to get a big win, a feeling of great curiosity and a desire to achieve a victory that we have achieved before. I mean, breaking the winning record that we have ever had before. some of the examples that I mentioned in this post, one of which becomes a cycle for someone to continue their gambling. in other words, this is part of the psychology of gambling. If I'm wrong, please correct me. 

So, gambling is very complex for me. not only we say because of greed. Basically, there will always be triggers that encourage us to do it. one of which, as you said, is ambition, with various motives as its background. that's why, as you said in the point below, we have to limit ourselves when it comes to gambling. so, we agree with what you said on this point. however, I have a slight difference, play as if we were doing entertainment and having fun, but this must be accompanied by limits to our abilities.

[maydna]

~snip~

Loss is loss Gambling is not only a loss for certain individuals who gamble only for income.  Gambling treats everyone equally.  Those who gamble for income use more money to gamble and gamble regularly so their losses are greater and those who gamble for fun use less money to gamble as much as they can afford to lose. No one can guarantee a win from gambling.  So it is unwise to invest large amount of money where you cannot get money with confidence using any strategy

That is why we cannot use gambling to make money because of the losses we will experience, which can be large if we are not willing to realize it. Those who have a target in gambling will also not be able to achieve their target because it is difficult, and not everyone can achieve it. Instead of forcing themselves to make money from gambling, they should look for a job that can make money because it has a better chance for them to get the money. Those who still have a winning target that they want to achieve should immediately realize that it was a mistake. They need to immediately stop themselves from continuing to gamble and look for other places that can make money.

~snip~

Do you think they lose because they like losing? They lose because it’s unfortunate for them. However, they gamble to win money. Are gamblers happy when they lose money? No. No one would be happy for such because their reason for gambling is the exact opposite.

To be honest, I think you repetitively shot yourself in the leg in your last sentences. It sounds against what you’ve been saying the whole time.

Indeed, no one likes losing. But that's what happens to gamblers who continue gambling. Supposedly, if they don't like losing money, they can think about reducing the amount they lose to a limit they can afford so that they can accept the loss. And if they gamble to win money, they must be aware that losing is a risk for those who gamble.

We really don't know how many gamblers can make money from gambling. But that doesn't stop gamblers from continuing to gamble. And that is what we have seen so far.

[boty]

same as winning , if i gather x2-x5 of my capital then i will also leave the table example if I deposit 100$ and goes above 200-300 dollars? i am considering to stop but while there is a luck i will try upto  500 dollars and that is my maximum win and surely will stop.

This is the important thing of having a winning limit before we start gambling. It helps us to control our greed when we are on winning moment, because if we do not set a winning limit, our greed will be bigger when we are on winning moment most of the time. Simple example, we made $100 deposit and we turn it to $300. In this moment, we will usually think like "this is my lucky moment, I want to make more (lets say 500)" but unfortunately we lose the previous $300 balance.

If we can limit ourselves in the gambling we play, of course we will be able to play relaxedly and also be able to use the strategies we have prepared before starting gambling, which you say is true, if we cannot set limits in the games we play.

In my opinion, if we have won more than the capital we used to gamble then we can enjoy the victory and if we remain greedy by expecting a bigger win of course this will be very detrimental because we will continue to play expecting another win and that it will be very difficult to happen and if we don't get a bigger win, of course this will be very disappointing because we have missed out on previous wins.

[Dewi Aries]

same as winning , if i gather x2-x5 of my capital then i will also leave the table example if I deposit 100$ and goes above 200-300 dollars? i am considering to stop but while there is a luck i will try upto  500 dollars and that is my maximum win and surely will stop.

This is the important thing of having a winning limit before we start gambling. It helps us to control our greed when we are on winning moment, because if we do not set a winning limit, our greed will be bigger when we are on winning moment most of the time. Simple example, we made $100 deposit and we turn it to $300. In this moment, we will usually think like "this is my lucky moment, I want to make more (lets say 500)" but unfortunately we lose the previous $300 balance.

There is some truth, and I am right that this idea will be useful for minimizing greed when we are in a winning situation, and on the other hand there are still other things that I think are worth paying attention too, we should never think about setting a winning target and just Apply the winning limit as you suggest because what we are afraid of is what if basically we can't achieve the victory we have. predetermined? Of course, this must also be taken into account because it cannot be denied that there may be an element of someone chasing victory until they reach a predetermined amount, is that true? yes, and this means we can't just prepare something from one side.

On the other hand, yes, I quite agree with your thoughts and ideas that this can prevent us from acts of greed, but on the other hand we also have to pay attention to other aspects and I will suggest something that is quite useful for us. complement the ideas you gave, namely apart from setting a winning limit. then we also have to determine other risk management such as limiting the amount of losses, for example if in one session you lose then I advise anyone to stop and rest first then continue again tomorrow or the day after according to your usual gambling schedule. . I understand and agree with your idea and on the other hand I would like to add that stopping at the right time before we lose a bigger amount is also a better decision.

[Jaycoinz]

same as winning , if i gather x2-x5 of my capital then i will also leave the table example if I deposit 100$ and goes above 200-300 dollars? i am considering to stop but while there is a luck i will try upto  500 dollars and that is my maximum win and surely will stop.

This is the important thing of having a winning limit before we start gambling. It helps us to control our greed when we are on winning moment, because if we do not set a winning limit, our greed will be bigger when we are on winning moment most of the time. Simple example, we made $100 deposit and we turn it to $300. In this moment, we will usually think like "this is my lucky moment, I want to make more (lets say 500)" but unfortunately we lose the previous $300 balance.

That's the problem with setting gambling winning limit, humans will always try to go further when the winning keeps coming on a steady. Before the start of the gambling you would be certain that you would stop at a particular threshold but once that is achieved then the greed will just grasp your thoughts and it will just tell you to try one more time to at least make the figure look better and that's when you try to be careful but before you will realize your everything is down.

[asyakashi]

As a gambler I don't really expect winnings to help my finances, I've learned from before and several people on forums, I gamble usually place bets according to my wishes.

[dunfida]

same as winning , if i gather x2-x5 of my capital then i will also leave the table example if I deposit 100$ and goes above 200-300 dollars? i am considering to stop but while there is a luck i will try upto  500 dollars and that is my maximum win and surely will stop.

This is the important thing of having a winning limit before we start gambling. It helps us to control our greed when we are on winning moment, because if we do not set a winning limit, our greed will be bigger when we are on winning moment most of the time. Simple example, we made $100 deposit and we turn it to $300. In this moment, we will usually think like "this is my lucky moment, I want to make more (lets say 500)" but unfortunately we lose the previous $300 balance.

That's the problem with setting gambling winning limit, humans will always try to go further when the winning keeps coming on a steady. Before the start of the gambling you would be certain that you would stop at a particular threshold but once that is achieved then the greed will just grasp your thoughts and it will just tell you to try one more time to at least make the figure look better and that's when you try to be careful but before you will realize your everything is down.

Humans are naturally greedy on which it would really be just that normal that they would really be aiming or hope for more. When it comes to winning limit then this is something not would really be a discussion
on which people would really be that aiming for more and this is something that would really be normal or something casual. This is why it would really be that best that you should really be
versatile on whatever condition you would really be able to encounter on which you cant really be able to make yourself that minding too much about those winnings and having that focus on when you would
definitely stop on the time that you would really be having those huge losses on which it would really be just that right that you should really know on when to stop and on when to
call it a day or else you would really be suffering even more problems on which this isnt something that you do like for it to happen.

[nara1892]

As a gambler I don't really expect winnings to help my finances, I've learned from before and several people on forums, I gamble usually place bets according to my wishes.

Such an approach is indeed more recommended, because basically gambling is not a place to make money and is nothing more than just an activity for fun or entertainment when you have free time or are bored, therefore the smallest amount you do is indeed more It is good and recommended for gambling, not least because the risks involved are much greater than the chances of winning. So with this, of course it is not at all recommended to put any hopes on victory, you can only come with the aim of having fun but don't forget to continue to apply boundaries and also self-control because what you are worried about is when you find something that looks such as being tempted or experiencing defeat and both of these situations can really make us ultimately get carried away unconsciously and end up losing a lot of money. Therefore, it is really recommended to have a good understanding along with a rational perspective on gambling so that we always remember that we should not overdo it.

[tbterryboy]

I have been reading up on what people are saying, and I think the main common point is that after a certain amount, taking your initial deposit out is what people like to do. Numbers may change, not everyone gambles with the same amount, but it's more like if you put in 100 dollars as your deposit, reach to 500, then taking the 100 out and then keep gambling with the rest type of mindset has been quite common in the gambling world. In that situation people feel like they are not playing with their money.

I do not think that's true, if you can withdraw all that 500, that means it's yours, then it means you are still gambling with your money, so if you could, get 250 out, 2.5 times your initial deposit, and keep gambling with the rest, so you have some profit.

[kingvirtus09]

same as winning , if i gather x2-x5 of my capital then i will also leave the table example if I deposit 100$ and goes above 200-300 dollars? i am considering to stop but while there is a luck i will try upto  500 dollars and that is my maximum win and surely will stop.

This is the important thing of having a winning limit before we start gambling. It helps us to control our greed when we are on winning moment, because if we do not set a winning limit, our greed will be bigger when we are on winning moment most of the time. Simple example, we made $100 deposit and we turn it to $300. In this moment, we will usually think like "this is my lucky moment, I want to make more (lets say 500)" but unfortunately we lose the previous $300 balance.

because that is the terrible problem with other gamblers, no matter how many times they know or read such reminders, and they still continue to do things that should not be done by a gambling player.

After all, no one can help us but ourselves; if we don't act or find a way in these situations, we will be the ones who will be affected; we are also the reason why we lose or win. Do I have a point?

[Justin999]

Gambling should be consider as entertainment. So it shouldn't about how much  money you are going to win per day or weekly. I always divide my gambling budget into small amounts so that I can place more bets. But i think its good to limit yourself. And it is important to realise when you should stopped. Someday if you win too much money then its better to quit. Who know, i may lose everything in next bet! I may afford to lose but winning always entertains a lot than losing

[Twentyonepaylots]

For me, I always have a goal that I need to reach every day; for example, I need to get $10 a day. When I reach that amount, then I am good for the day. Of course, when gambling, I do have a budget. When I lose all that budget, I am done for the day too.

We should budget and bet according to our finances; we should not bet too large, and we shouldn't chase large winnings. Be patient, bet small, and win small, and those small wins when stacked up together will be large.

Also, as gamblers, we shouldn't be chasing our losses too. I mean, if it is small, then you can recover it, but if it is large, then we should stop chasing it. The more we chase our losses, the more we are inclined toward the past, and it will be much harder to win because, in your mind, you have losses to recover.

[Gormicsta]

Setting a potential winning limit is only one component of an effective money management strategy for gamblers. Another important factor is a stop loss limit. This is how much you're willing to lose before walking away. For example, if you're ready to risk losing $50 of your $100 fund, your stop loss limit will be $50. Setting this restriction can help you stay on budget and avoid overpaying. Additionally, it is critical to set a time restriction for your gambling session. It can also help you walk away without sacrificing everything you've gained.

[Ever-young]

same as winning , if i gather x2-x5 of my capital then i will also leave the table example if I deposit 100$ and goes above 200-300 dollars? i am considering to stop but while there is a luck i will try upto  500 dollars and that is my maximum win and surely will stop.

This is the important thing of having a winning limit before we start gambling. It helps us to control our greed when we are on winning moment, because if we do not set a winning limit, our greed will be bigger when we are on winning moment most of the time. Simple example, we made $100 deposit and we turn it to $300. In this moment, we will usually think like "this is my lucky moment, I want to make more (lets say 500)" but unfortunately we lose the previous $300 balance.

That's the problem with setting gambling winning limit, humans will always try to go further when the winning keeps coming on a steady. Before the start of the gambling you would be certain that you would stop at a particular threshold but once that is achieved then the greed will just grasp your thoughts and it will just tell you to try one more time to at least make the figure look better and that's when you try to be careful but before you will realize your everything is down.

The "gambler's fallacy" is also known as the "hot hand fallacy." The gambler's fallacy holds that the outcome of a random event can be influenced by previous results. For example, if you've been winning all night at the casino, you may begin to assume that you're on a "hot streak" and that your luck will continue. This can result in irresponsible betting, chasing losses, and even addiction. The hot hand fallacy is similar, but instead of focusing on past successes, it refers to the notion that a successful streak will continue in the future, which is a very wrong mentality because, just like in crypto Investment as well as other investments, you can't draw conclusions based on past performances.

[stomachgrowls]

same as winning , if i gather x2-x5 of my capital then i will also leave the table example if I deposit 100$ and goes above 200-300 dollars? i am considering to stop but while there is a luck i will try upto  500 dollars and that is my maximum win and surely will stop.

This is the important thing of having a winning limit before we start gambling. It helps us to control our greed when we are on winning moment, because if we do not set a winning limit, our greed will be bigger when we are on winning moment most of the time. Simple example, we made $100 deposit and we turn it to $300. In this moment, we will usually think like "this is my lucky moment, I want to make more (lets say 500)" but unfortunately we lose the previous $300 balance.

That's the problem with setting gambling winning limit, humans will always try to go further when the winning keeps coming on a steady. Before the start of the gambling you would be certain that you would stop at a particular threshold but once that is achieved then the greed will just grasp your thoughts and it will just tell you to try one more time to at least make the figure look better and that's when you try to be careful but before you will realize your everything is down.

The "gambler's fallacy" is also known as the "hot hand fallacy." The gambler's fallacy holds that the outcome of a random event can be influenced by previous results. For example, if you've been winning all night at the casino, you may begin to assume that you're on a "hot streak" and that your luck will continue. This can result in irresponsible betting, chasing losses, and even addiction. The hot hand fallacy is similar, but instead of focusing on past successes, it refers to the notion that a successful streak will continue in the future, which is a very wrong mentality because, just like in crypto Investment as well as other investments, you can't draw conclusions based on past performances.

On the time that you would really be having these kind of thoughts in mind, then you are just basically making yourself that driving yourself into addiction. Why? just like on what you have said that you are really that trying out to pursue something which it isnt known yet and as long we do keep on chasing those probabilities that we do have in mind then we would really be putting up ourselves into a loop.
You wont really be stopping not until you would really be able to hit up such winning threshold until you would be able to bust up all of the money that you do have and as long you could be able to make out
such bets then you would really be continuing no matter what. This is something that you must really be stopping once you do have  this kind of mindset.

People wont really be stopping not until they would be able to bust up themselves or literally cant be able to play just because they dont have funds anymore. We do know that there are
really things in life on which it cant be possible specially on gambling. If gambling does have that kind of pattern then you would definitely be exploiting it, in common sense there
would really be no business on existence.

[348Judah]

As a gambler I don't really expect winnings to help my finances, I've learned from before and several people on forums, I gamble usually place bets according to my wishes.

Thats true, we should gamble aa according to our various wishes and that must be within the scope to what we can afford to bear irrespective of the outcome that we see from it at the end of each gambling session, we should not feel too bad for not winning because it may come and may not, but when we gambles as according to what and how we could afford, we are going to end it with nothing other than excitement

[GideonGono]

I have heard and read about people gambling because they had no source of income,  a job or they wanted to add gambling as part of their streams of income. Whatever your category the bottom line is that we all gamble to make money though some group claim it's mainly for fun. But who would want to be losing money all in the idea of catching fun!

There are gamblers that don't place their bet not until they have gotten a certain amount as their potential win. Some do this based on their financial challenge with the anticipation that just one win they may get on such amount is a life changer for them.

My main focus on this thread is in this question: as a gambler do you place your bet according to the weight of your financial need or you're always okay with whatever amount that comes out as potential win no matter how small amount?

I do set up a potential winning limit whenever I gamble, but at the same time I would also take the profit no matter how small or big it is if I somehow decided to end it.
I would just go with the flow when I gamble, if I feel like I already had enough even if I still haven't achieve the amount that I set then I would stop.