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Author Topic: Tips on staying responsible.  (Read 2708 times)
raybucks (OP)
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October 19, 2023, 11:43:39 AM
 #1

Let's discuss the unique challenges of responsible gambling in the world of cryptocurrencies.

Crypto gambling can be fun, but it's important to keep our financial boundaries intact.

Share your tips and thoughts on staying responsible in this digital realm.

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October 19, 2023, 11:47:50 AM
 #2

The most important thing is to have a gambling budget. If you have gambling budget, you will know the percentage of money that you put into gambling. I for example, I use not more than 5% of my weekly income to gamble and it can not be more than that.

If I win, I stop for the day, even if the amount won is small.

If I lose and getting up to my weekly gambling budget, I quit gambling for that day.

These are what I have been doing and they have helped me to have a good gambling habit.

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October 19, 2023, 11:52:47 AM
 #3

Set your gambling's limit, stay within that limit, don't be too greedy in casing higher odds and wagering a higher amount, learn how to control your emotions, and learn to call it a stop when you are not in the right state of mind.
 
If you can make your own rules and stand by those rules, then you can be a responsible gambler. Don't ever consider gambling a source of income or a do-or-die kind of thing because it will lead you straight to becoming addicted to it.
 
Since you said gambling is for fun, always have that part in mind and don't be like the type who puts all their passion on it to the extent that they play it in their workplace. Set a limit for both spending limits, time limits, and location limits, and keep to them. At least you can be able to overcome the temptation of visiting it every now and then.
 

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October 19, 2023, 11:56:29 AM
 #4

There is not much to share and I am only sharing the only and most important thing to do to stay responsible.Set a budget and stick to it,find the force to quit when you have finished that budget and don't be deceived by the slot giving you near wins or near bonus round symbols falling on the reels as if you do it is game over regarding being responsible.

Once you have mastered this very difficult art it will be super easy to stay responsible and to not over do it,sometimes it is normal to get involved and deposit some more but only very few times.

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October 19, 2023, 11:57:36 AM
 #5

I think not to be too hyperactive about gambling is a better way to stay responsible. Also, there is something that anxiety do to gamblers, you want to put your hands in every game either because you have financial challenges and you think you can solve it with the winnings from gambling and that get you to take higher risk burden on your self, it is definitely a challenge if you over shoot your budget. So play within the limit of the risk of what you can bear.

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October 19, 2023, 12:12:14 PM
 #6

Don't rest on gambling as source of financial income.

Not matter what people may say, gambling should be fun and that fun shouldn't be found only when we win but in losing too.

Never chasing losses can be helpful not to lose more. If you win in one or two games of the day just quit and go home to play another day.

Never gamble above your set gambling amount it better or makes you more In charge if you try to gamble below more often.

Never take loan to gamble, if you don't have the money to then just relax and feel comfortable while watching others play. Or better still just go home.

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October 19, 2023, 12:18:43 PM
 #7

To begin with, you start with a bankroll, create your game plan, and then proceed to gambling. Being responsible is easy to implement by following your game plan, which should include how much you're willing to gamble and when you'll stop. A common way to exercise discipline is by sticking to what you can comfortably afford. This means you gamble within your means, using money intended for fun and not for essential needs or emergencies. That's the kind of discipline you need.

Additionally, since we're only human, we can sometimes get emotional and make irrational decisions. It's crucial to avoid this from happening, but if it does occur, you should at least learn from the experience and ensure you don't make the same mistake again.

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October 19, 2023, 12:18:53 PM
 #8

Set a limit and have a fine mindset; without these characteristics, I think, the person will be miserable at gambling. With a limit in mind, you will know when to stop playing gambling and stop further losses, which is a common problem for many gamblers; they will keep on chasing their losses until they notice that they dig up their own grave. A fine mindset is the partner for setting your limit; with a mindset in mind, you will be aware of your decisions and functionality; without a mindset, it's like you don't have a path or a goal in gambling. I personally refine this concept myself to minimise my losses and keep on playing while enjoying gambling. Gambling is fun for me; it depends on other people, but for me, gambling is also a serious matter. Of course, one of my sources of income side hustles is at least wishing a big jackpot.

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October 19, 2023, 12:24:17 PM
 #9

As a gambler, one should be able to subdue greed. Only when one can do such them a gambler can say conveniently that they gamble responsibly. Doing away with greed requires a gambler to maintain their budget while gambling be it when they are winning or losing.

Irrespective of the fact that a gambler is winning, once a winning is recorded, it is imperative that the gambler stops and do away with greed because at that point in time, the urge to further continue playing will be there and hence would want to continue playing.

Also when a gambler records serial losses back to back, it is good the gambler takes a break and avoid gambling because at that moment the urge to chase loss would be there to recover and that is how gambling addiction begins but it would be nice exercising self restraint which calls for responsible gambling.

In all, doing away with greed is very important when it comes to responsible gambling.

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October 19, 2023, 12:30:08 PM
 #10

The first key to stay responsible in gambling is you must get a job first!

If you don't have a job to earn money, you will not have more money to gamble, the reason why people become an addict is they don't have a job. It's not a matter of big or small the salary is, even you earn $10,000, you can still able to become an addict.

The second one is making a budget for gambling, that's all.

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October 19, 2023, 12:33:58 PM
 #11

If you want to be a responsible gambler, you must have limits in gambling, good self-control, and not use gambling as a source of income. Maybe there are many others that you must have to be a responsible gambler.

Financial restrictions are necessary so that you don't use much money to gamble. You can also keep yourself aware that this is just gambling and there is no need to take it seriously. Gambling is entertainment and nothing more so you don't need to chase winnings.

The idea that we only gamble for fun is good so we won't gamble too often. We can use other things to get that pleasure instead of gambling often.

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October 19, 2023, 12:46:33 PM
 #12

Hi, raybucks

The first thing to understand is that it does not matter if it is crypto or fiat, the responsibility does not change, the positive thing is that in this area, crypto bets have a great advantage, not because your odds, variance, etc. are better, that doesn't change, that's why the "world of cryptocurrencies" approach for which you want to go in reality is the same.

The approach is that people do not want to make bets according to their deposit, or their bankroll, people only want to focus on betting, they do not measure things like WC vs the bet, so they believe that because they put a 50% probability they will always have a profit of 1.5x or 0.5x.

Sometimes responsibility is not just the phrase "don't risk money you're not willing to lose", that famous slogan carries responsibility not only in taking (e.g.) $100 and burning it betting, but in acquiring simple mathematical habits and understanding probabilities. , at least for those who are going to be recurring in the betting game.

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October 19, 2023, 12:51:31 PM
 #13

Let's discuss the unique challenges of responsible gambling in the world of cryptocurrencies.

Crypto gambling can be fun, but it's important to keep our financial boundaries intact.

Share your tips and thoughts on staying responsible in this digital realm.
Gambling can be easy as it is while responsible gambling can be a hard task. Which means you are not only gambling limitless, but one should gamble according to its limits. This is why before you start gambling, plan ahead and set your time and money limits. Gambling should not take most of your time and money, otherwise addiction will likely to develop later on. Also, only gamble what you can manage to lose. If you are frequently losing that time you bet, then never keep chasing your losses but learn to take a break. Know when to continuously bet and know when to stop. Lastly, never gamble to make money. Gambling is designed only to entertain us, while making us profitable is just a bonus.

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October 19, 2023, 12:57:16 PM
 #14

The first key to stay responsible in gambling is you must get a job first!

If you don't have a job to earn money, you will not have more money to gamble, the reason why people become an addict is they don't have a job. It's not a matter of big or small the salary is, even you earn $10,000, you can still able to become an addict.

The second one is making a budget for gambling, that's all.
From the little knowledge I have gained in the course of studying more about gambling I have come to realise that it does not necessarily means that one must be engaged in one activity or the other to be able not to be addicted to gambling. There are lots of rich people out  there who are addicted gamblers who have work doing and businesses which keeps them busy but still yet they gamble because they have the funds to serve them for any purpose.

As you have said budgeting is very vital and crucial as a responsible gambler, one must stay free of gambling addiction if one must see himself as a responsible gambler.

.
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October 19, 2023, 12:59:07 PM
 #15

Let's discuss the unique challenges of responsible gambling in the world of cryptocurrencies.

Crypto gambling can be fun, but it's important to keep our financial boundaries intact.

Share your tips and thoughts on staying responsible in this digital realm.

Being responsible means you have total control over your gambling habit, your allocation is within what you can afford to lose, and you must know your limit and stick to that limit do not cross the boundaries, gamblers face issues when they cross the boundaries that they can afford to lose, they lose more money more time and they slowly increase their allocation and their time until it becomes unmanageable.

So the first step to responsible gambling is knowing and sticking to your boundaries and limitations, it's not easy to do that there's always a temptation to increase your allocation and time especially when you discover a new casino to play and you have a lucky run, this will make things hard to decide to stop.

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October 19, 2023, 01:01:02 PM
 #16

First, you need to have a well-planned and clearly stated goal on why, how and when to gamble,  on some cases you have to develop a personal time table for your gambling activities because even though you have a budget, sometimes you still have to do a lot to keep the tides together to the point that even if your budget and total balance become surplus due to unexpected winning, you won't go overboard with it to extend your gambling period and also you do not have to gamble just because you want to make the money, having such mindset will only lead you into incurring more loses and also become possibly indebted.


So the best possible tip is the one you develop by yourself and for yourself since you are the one who knows your financial limitations a time allocations, because by managing those two things properly,  you set yourself up for responsible gambling.

R


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October 19, 2023, 01:48:41 PM
 #17

So the best possible tip is the one you develop by yourself and for yourself since you are the one who knows your financial limitations a time allocations, because by managing those two things properly,  you set yourself up for responsible gambling.

These are the keys to being responsible in gambling. Whether you're in it just for fun or consider it a source of income, it's crucial to budget your time and money wisely. We already know how bad the consequences can be if we get addicted. For those who take gambling seriously, discipline is of utmost importance, especially when dealing with substantial amounts of money. There's no room for mistakes in this game. What I mean is, everything should be well-calculated. Decisions need to be carefully analyzed, and emotional betting is something we should steer clear of.

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October 19, 2023, 01:54:37 PM
 #18

Let's discuss the unique challenges of responsible gambling in the world of cryptocurrencies.

I don't think there are unique challenges the challenges are all the same for all gamblers if you cannot control your time, money, and motivation then you are an irresponsible gambler

Quote
Crypto gambling can be fun, but it's important to keep our financial boundaries intact.

It's fun when you're okay with the money you've lost, and you are not incurring losses that will harm your financial instability, the most important thing as a gambler is you are not prioritizing your time in casinos, more time spent in casinos means more money-losing.

Quote
Share your tips and thoughts on staying responsible in this digital realm.
All tips and advice are on your priority and it should not be playing in casinos.

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October 19, 2023, 01:54:45 PM
 #19

Let's discuss the unique challenges of responsible gambling in the world of cryptocurrencies.

Crypto gambling can be fun, but it's important to keep our financial boundaries intact.

Share your tips and thoughts on staying responsible in this digital realm.

Challenge 1: One profound challenge of some responsible gamblers is chasing losses. When we lose, we sometimes think that we can recover all we have lost which is not always the case.
Tips 1:: Having a gambling budget and following it judiciously. It is one thing to write down how you intend to finance and organize your gambling life, but it is more important to implement it.

Challenge 2: Lack of information about the terms of service: Many gamblers see the ToS as too bulky and ambiguous. This perception scares us from spending time reading and understanding the terms of service.  Many difficulties many gamblers face because they fail to read the operational manual of the gambling platform.
Tips 2: The terms of reference are not as difficult to understand as you think. Time invested in reading this document is not a waste of time because it can save you a lot of stress and waste

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SPIN

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October 19, 2023, 02:08:49 PM
 #20

If you can make your own rules and stand by those rules, then you can be a responsible gambler. Don't ever consider gambling a source of income or a do-or-die kind of thing because it will lead you straight to becoming addicted to it.
Did you know that this is what that is driving most gamblers that are addicted into gambling addiction? They see gambling as a way to make money and they continue to use money to gamble thinking that they will make money from it but instead of making money they are losing. Gamblers should not have this kind of mentality if they do not want to to get hurt by gambling. Gambling is good but for those that do it in the correct way.

The first key to stay responsible in gambling is you must get a job first!
If you are above 18 or above the legal age for someone to begin gambling, you can gamble even if you do not yet have a job. But make sure that the money that you use is very small. Assuming your parent is giving you $50 weekly, you can gamble with $5 weekly. Also if you start working, you can have a plan like that with little amount of money.

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