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Author Topic: Risking 1% in Gambling  (Read 4034 times)
Dewi Aries
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December 02, 2023, 01:20:49 PM
 #141

As long as we know the limits of gambling and obey them, we will definitely be fine. But in reality, many people don't remember this, and instead, they violate it by depositing more money to be able to chase their winnings. Whatever amount of money you use to gamble, it is an amount you can afford, so you don't need to take the risk of experiencing a big loss. If more people could do this, the number of problem gamblers could decrease because many gamblers would try to gamble responsibly so they could avoid the greater risk of losing. They will also be able to manage their money well while gambling and know when to stop gambling.

Knowing about what we are doing is very important, we shouldn't attempts gambling just the way we do to other things in life because each has its different ways of approach, gambling is not a source of making a profitable income from the bet we made, we should know the level of risk already involved when we say we are about to gamble, which also means we can loose or win and when either of the two occurs, we should accept it with all comfort because we realized that gambling is not a winning always attempts in playing bet.


It's not easy, because trying to stay sober in a drifting state is not easy, which is why there's usually regret at the end of the session. On top of that, your logic and emotions will be battling it out between staying safe or trying to continue chasing something that is basically uncertain due to curiosity and not accepting defeat, and it's usually very difficult to think logically and reasonably due to the heat of the moment which makes it difficult to do so because of the emotion that is difficult to subdue.

Basically your statement is true, it's good advice to encourage someone not to make a mistake in approaching their gambling involvement, because even a little mistake will be very difficult for them to return to a healthy mindset because they have lost money that they cannot give up. Understanding from the beginning is the most important thing in this matter in my opinion, a realistic point of view and way of thinking will make you not misunderstand what gambling really is, I think you will avoid something that looks tempting when it is just a temptation and trap. You will be fine if you know and understand what gambling is along with the concept of real luck, that's all. Wink


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December 02, 2023, 02:35:01 PM
 #142

I think that is the key here, we gamble if we have that extra money in our pocket so that it won't affect the money that we work very work hard because we could have been allotted it for more important things such as for our families, and bringing food in the table for them. And off course, other basic things like electricity and water and house bills.
Gamblers like me are usually not very active or can be said to be less addicted because when they decide to gamble they definitely have extra money after meeting their family's living needs. Usually we will only gamble on football because we like watching it and also place small bets as a complement. We definitely never calculate the percentage because the gambling we do is only for small needs as a complement to watching football.

Sports betting or slot machines, it's all good for us, we take risk with our extra money and then if we win, then good for us. At least a little help is needed and we stretch that budget. But if we lose, still nothing will change, and we will not be affected because that fund is just for gambling and we can afford to lose it.
If you use other money it may not have an impact on you, but what is worrying is that if someone is addicted to both types of gambling then he is using the money he earns irresponsibly. If you lose in a row it will affect your daily and monthly needs because you will run out of money to gamble. This is where many people involved in gambling make the mistake of not separating their gambling budget from their living expenses.

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December 02, 2023, 02:35:17 PM
 #143

It's to hard to risk 1% in gambling. If you'r attention to risk 1% then you need luck on your side it's to hard to risk 1% because the game of skills and technically sometimes luck is needed but sometimes luck is against you. You're in profit in gambling but sometimes your luck who agenest you. If you are very lucky that case you can risk 1% or otherwise its hard to do.
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December 02, 2023, 03:18:16 PM
 #144

~snip~
Yes it is true that as long as we gamble within reasonable limits or that means gambling with the right then obviously we will remain fine, and maybe you will not suffer a lot of things like the impact of gambling in general or even addiction, you will be able to avoid the possibility of unwanted things that can certainly be detrimental. But yes it is true that it is unfortunate that most of the gamblers forget that, I think several factors can be the reason and the driver why they are difficult to apply some precautions like that.

One of them is mindset, goals and misunderstanding in understanding what is in gambling. In my opinion, usually people will forget all the restrictions that they have previously prepared because they are too serious in putting their hopes on the chances of winning which in reality it is very difficult to get, they think that it will be easy to realize something that they always expect such as victory when the reality is far opposite, which means that there will be more defeats that occur than victories, they have proven it themselves but unfortunately it is very difficult for them to be able to realize that their mindset and goals are wrong. In this problem I think the mindset should be changed first, because it is useless to suggest many things if basically their beliefs and expectations are still like that.
That's what we have to do when playing gambling so that we don't suffer from many things or experience gambling addiction because we have seen that many people have experienced this and have difficulty curing their gambling addiction. They cannot take care of themselves well while gambling and limit their money for gambling, so they lose self-control and instead use more money. And gamblers indeed forget the self-control they actually exercised at the start of their gambling. As their interest in gambling becomes greater, it makes them unable to maintain self-control.

The boundaries they have set while gambling have been violated many times until, finally, they really don't use boundaries anymore when gambling. If that's the case, it won't take long to see them lose all their money and go bankrupt. Many gamblers have lost self-control and ended up losing all their money so that they have nothing left. Their mindset should be changed first so that they don't seek win after win, and even if they lose, they also don't need to recover from their losses because it won't be easy for them. Instead of placing their hopes on gambling, they should place their hopes on their work, where they can make money and even have a steady income every month.

~snip~
Knowing about what we are doing is very important, we shouldn't attempts gambling just the way we do to other things in life because each has its different ways of approach, gambling is not a source of making a profitable income from the bet we made, we should know the level of risk already involved when we say we are about to gamble, which also means we can loose or win and when either of the two occurs, we should accept it with all comfort because we realized that gambling is not a winning always attempts in playing bet.
Yes, that's true by knowing the level of risk that we will get from gambling, and in fact, this level of risk can increase if we lose self-control while gambling. If we cannot stop ourselves from gambling excessively, we will only increase the number of losses and end up being bigger than before, and so taking small risks. At the same time, gambling must always be considered to reduce the risk of losing money, especially since many gamblers have lost large amounts, so this should open our minds to always gamble within limits. After all, we use gambling only to get pleasure and will not pursue anything from gambling.

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December 02, 2023, 03:29:20 PM
 #145

It's to hard to risk 1% in gambling. If you'r attention to risk 1% then you need luck on your side it's to hard to risk 1% because the game of skills and technically sometimes luck is needed but sometimes luck is against you. You're in profit in gambling but sometimes your luck who agenest you. If you are very lucky that case you can risk 1% or otherwise its hard to do.
Every time we bet in gambling even though it's 1% or even 100% of your bankroll then it will depends on luck once you have the luck then you will have a chance id winning a good amount of money and also a chance that your bet is being doubled or trippled, anyways 1% of a bankroll is quite good enough to bet cause once you loss then it's not just a big deal for me cause it's only 1% and also this is the best example if we must gamble what we are affrod to loss.

R


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December 02, 2023, 03:35:33 PM
 #146

Do you guys also follow a similar strategy like gambling with 1% or 2% on each game? This way not only we are safe from losing big amounts but at the same time, we never find ourselves in a situation where we go all in, in some bet and then have the fear of losing all of our money.

The first is to only use no more than 1% of monthly income, then continue by only playing 1% on each hand? This only applies if you have a large monthly income, what if people only earn no more than $1000 per month?

The calculation will be like this: $1000 X 0,01 = $10 | $10 ÷ 100 = $0,1

From the calculations above, where can I get at least some entertainment? it would be a boring game and a waste of time, it's better to do something else than have to apply that strategy Cheesy.

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December 02, 2023, 03:39:00 PM
 #147

We all know that the higher the percentage of our gambling capital the higher the chance of liquidation. The lower we pour money on gambling the lower the profit we gain if we are lucky. This is really important to know our limits so we can figure out when we have to get out of the game.


There is no surefire strategy for minimizing loss just as there is no golden rule for making a profit. When you win a good amount from one bet, the risk rates in the subsequent bets will increase, given that you are gambling with profits and not with capital. Many people fall into this temptation, and they lose more than they gain in a short time.

Theoretically, 1 percent seems good for reducing risk, but the size of that percentage must be taken into consideration because 1 percent for Bob, who earns millions in income, is not the same as for Alice, who works as an employee. The bottom line is that you should not gamble more than the percentage that you are not afraid to lose.

R


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December 02, 2023, 05:05:33 PM
 #148

Do you guys also follow a similar strategy like gambling with 1% or 2% on each game? This way not only we are safe from losing big amounts but at the same time, we never find ourselves in a situation where we go all in, in some bet and then have the fear of losing all of our money.

The first is to only use no more than 1% of monthly income, then continue by only playing 1% on each hand? This only applies if you have a large monthly income, what if people only earn no more than $1000 per month?

The calculation will be like this: $1000 X 0,01 = $10 | $10 ÷ 100 = $0,1

From the calculations above, where can I get at least some entertainment? it would be a boring game and a waste of time, it's better to do something else than have to apply that strategy Cheesy.

I usually read this kind of rule base on bankroll and not in monthly income. And actually 1% is too low if don't have a decent amount of bankroll, and you are right, we will be missing the entertainment here if we are gambling with an amount that we don't feel the thrill anymore.

$1000 is a good example as $10 (1% of it) is just too small to budget for one month in gambling, I wonder how are we gonna even pay the transaction fee of sending that money to crypto casinos, fee alone could already deduct like maybe 20% of that $10, so it doesn't make sense to me.

1% of monthly income for betting purposes is only applicable if you are making like $100,000 or more per month as $1,000 should be a reasonable budget.

R


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December 02, 2023, 05:15:57 PM
 #149

The first is to only use no more than 1% of monthly income, then continue by only playing 1% on each hand? This only applies if you have a large monthly income, what if people only earn no more than $1000 per month?

The calculation will be like this: $1000 X 0,01 = $10 | $10 ÷ 100 = $0,1

From the calculations above, where can I get at least some entertainment? it would be a boring game and a waste of time, it's better to do something else than have to apply that strategy Cheesy.
I usually read this kind of rule base on bankroll and not in monthly income. And actually 1% is too low if don't have a decent amount of bankroll, and you are right, we will be missing the entertainment here if we are gambling with an amount that we don't feel the thrill anymore.

$1000 is a good example as $10 (1% of it) is just too small to budget for one month in gambling, I wonder how are we gonna even pay the transaction fee of sending that money to crypto casinos, fee alone could already deduct like maybe 20% of that $10, so it doesn't make sense to me.

1% of monthly income for betting purposes is only applicable if you are making like $100,000 or more per month as $1,000 should be a reasonable budget.

It's true, I don't agree with betting 1% of monthly income, because it cannot be applied by various types of people based on the monthly income they earn. Wouldn't it be wiser to "Bet with money you can afford to lose ?".

Whatever it is (5%, 10% or even 40% of your monthly income) as long as it doesn't disturb your psychology and make you a problem gambler, then it won't be a problem.

R


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December 02, 2023, 06:18:20 PM
 #150

The issue differs per spouse, like the first guy, who talked about explaining things to his wife before using the 1% of his income to gamble, similar attitude elsewhere can lead to an issue. But not big, as the funds are moderated. Yet if 1% of the income keeps disappearing each month, it'll be a cause for alarm on the wife's side. Because it's unusual to see a particular amount of money disappearing from the account each month. That's why in cases of using joint accounts, the both parties need to agree on the gambling activities of the man or woman. And to keep the non gambler on the trail, s/he needs to be updated. Most gamblers can cease the opportunity to initiate their wife into gambling as well. By telling her it's only for fun, nothing else. This will help both parties not to feel cheated or thinking that the money meant for feeding is being used for gambling. Remember, like I earlier said, not every woman would be glad to figure out such habit from her husband. Depending on her various family rules. It could be her family disregards gamblers. The issue will be hard to resolve, unless the husband stops gambling. Hence, a player with joint account, can easily find a different method of raising money he'll use for gambling. To be on a safe side, his wife won't notice in one bit, the husband's habit. As men we have to be observant of things that'll upset our women. Hence, if she constantly discuss about her hatred for gambling, we need to do that with caution. To maintain the respect she's got for the head of her family.
Fun gambling is based on people in a relationship knowing and respecting each other. Here, he defends his gambling by saying that it only costs him 1% of his income and is therefore safe. Still, she sees this steady loss of money; a pattern forms, which makes her suspicious. He says its just for fun, maybe to get her into this world of chance by calling it "harmless fun." But her beliefs, which may come from being taught by her family, are at odds with this idea.

What did he do? Covertly use money for gambling while keeping the peace at home. But isnt this just lying under the guise of safety? He prides himself on understanding her, yet chooses to ignore her disgust for gambling. This approach keeps things calm on the surface, but it makes a deeper disconnect worse. Even though he respects her, he breaks that respect by doing things she hates. Whats the point of gambling if it breaks trust? This is a gamble not just with money, but with the very foundation of their relationship.

If relationships were initially meant for good and bad, I don't think these disputes would be coming up. Both parties feel too important and wants to know everything. No need taking sides on who boosts about being a gambler and taking advantage of the family money. The wife on the other hand, isn't perfect. She must have an attitude the husband doesn't like and he adapts to it. The whole thing requires a mutual understanding, so far the gambler controls or manages the amount he spends on gambling, falling into a quarrel shouldn't be raised up. As the wife or the non gambler, is expected to understand, the gambler isn't irresponsible. If you read the response of the member who doesn't care about his wife's attitude of shopping with her friends, exemplifies the same point I'm voicing out. Once both adults execute their plans and attitude moderately, the whole complains on your second paragraph will be pointless. I notice, some people will never be satisfied, due to their family rules, you're right. But, we can adapt to that and minimize the gambling habit to her own suggestions. Because, she doesn't feel good about gambling, doesn't guarantee her to stop her husband from gambling. In such cases, the man can easily hide his habit, to maintain a peaceful home. Unless the gambler is addicted, which I'll never be support, the woman is always right to stop them. But a responsible gambler should get the respect he deserves in every home. 

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December 02, 2023, 07:41:31 PM
 #151


It's true, I don't agree with betting 1% of monthly income, because it cannot be applied by various types of people based on the monthly income they earn. Wouldn't it be wiser to "Bet with money you can afford to lose ?".

Whatever it is (5%, 10% or even 40% of your monthly income) as long as it doesn't disturb your psychology and make you a problem gambler, then it won't be a problem.

Actually if the salary of the gambler is 10k dollars,then the 1% of the money will be 100 dollars which is the reasonable money for the gambling.But we know the average income of the people in current market was 500 dollars per month,So playing the gambling with the 1% of 500 dollars is 5 dollars.With my knowledge we can't play any good game with the 5 dollars.So the gambler should understand and start the gambling with the 10 percentage of their income.So the average income gambler will do the gambling with the usage of 50 dollars in the gambling site.It help the gambler to make the reasonable money as the profit from the gambling site by using the 50 dollars.The usage of 50 dollars also not affect the gambler monthly expenses.

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December 03, 2023, 11:22:09 AM
 #152

~snip~
Yes it is true that as long as we gamble within reasonable limits or that means gambling with the right then obviously we will remain fine, and maybe you will not suffer a lot of things like the impact of gambling in general or even addiction, you will be able to avoid the possibility of unwanted things that can certainly be detrimental. But yes it is true that it is unfortunate that most of the gamblers forget that, I think several factors can be the reason and the driver why they are difficult to apply some precautions like that.

One of them is mindset, goals and misunderstanding in understanding what is in gambling. In my opinion, usually people will forget all the restrictions that they have previously prepared because they are too serious in putting their hopes on the chances of winning which in reality it is very difficult to get, they think that it will be easy to realize something that they always expect such as victory when the reality is far opposite, which means that there will be more defeats that occur than victories, they have proven it themselves but unfortunately it is very difficult for them to be able to realize that their mindset and goals are wrong. In this problem I think the mindset should be changed first, because it is useless to suggest many things if basically their beliefs and expectations are still like that.
That's what we have to do when playing gambling so that we don't suffer from many things or experience gambling addiction because we have seen that many people have experienced this and have difficulty curing their gambling addiction. They cannot take care of themselves well while gambling and limit their money for gambling, so they lose self-control and instead use more money. And gamblers indeed forget the self-control they actually exercised at the start of their gambling. As their interest in gambling becomes greater, it makes them unable to maintain self-control.

The boundaries they have set while gambling have been violated many times until, finally, they really don't use boundaries anymore when gambling. If that's the case, it won't take long to see them lose all their money and go bankrupt. Many gamblers have lost self-control and ended up losing all their money so that they have nothing left. Their mindset should be changed first so that they don't seek win after win, and even if they lose, they also don't need to recover from their losses because it won't be easy for them. Instead of placing their hopes on gambling, they should place their hopes on their work, where they can make money and even have a steady income every month.

Yes, we should make other people's bad experiences as examples and lessons so that we don't have the same fate as them and end up with addiction, I think not everyone can go through extraordinary phases and pressures when they are already in the addiction zone, and many end up worse between stress, depression or even recently I've seen some news shows that there are desperate suicides due to dizziness because of debt due to excessive gambling.

I think the problem is as I said before that their mindset is very severe, they put too much hope in gambling, especially for victory so that they cannot limit all their activities and instead often do things out of control, and that means the first thing that must be corrected if they really want to change their bad habits then their mindset and understanding must first be changed, because if their understanding is correct then I think they can also make many changes, especially for the good of themselves so that they do not experience too significant an impact and do not end up addicted.

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December 03, 2023, 04:25:07 PM
 #153

~snip~
Yes, we should make other people's bad experiences as examples and lessons so that we don't have the same fate as them and end up with addiction, I think not everyone can go through extraordinary phases and pressures when they are already in the addiction zone, and many end up worse between stress, depression or even recently I've seen some news shows that there are desperate suicides due to dizziness because of debt due to excessive gambling.

I think the problem is as I said before that their mindset is very severe, they put too much hope in gambling, especially for victory so that they cannot limit all their activities and instead often do things out of control, and that means the first thing that must be corrected if they really want to change their bad habits then their mindset and understanding must first be changed, because if their understanding is correct then I think they can also make many changes, especially for the good of themselves so that they do not experience too significant an impact and do not end up addicted.
By taking other people's experiences as lessons for us, we can definitely think wisely and not try to experiment like them, especially since we know what impacts they have experienced, so we have to really pay attention to ourselves. It is indeed difficult to overcome or cure gambling addiction because it definitely hurts us, especially when we try to change ourselves so we can have new habits that are completely different from the usual ones.

That means they have to slowly change their mindset first so they can start reducing their gambling activities. After all, they have received the impact of gambling, and they should be able to realize that it is not in accordance with their initial goal of gambling, so they must try to change it. If they believe in themselves, they can definitely do it and can make a meaningful change so that they won't take any bigger risks. They are trying to prevent gambling addiction, which they could experience if they don't immediately realize it, especially if they feel that their gambling activities have started to change. They will quickly introspect what went wrong and fix it before it gets worse.

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junder
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December 03, 2023, 05:05:24 PM
 #154

I usually read this kind of rule base on bankroll and not in monthly income. And actually 1% is too low if don't have a decent amount of bankroll, and you are right, we will be missing the entertainment here if we are gambling with an amount that we don't feel the thrill anymore.

$1000 is a good example as $10 (1% of it) is just too small to budget for one month in gambling, I wonder how are we gonna even pay the transaction fee of sending that money to crypto casinos, fee alone could already deduct like maybe 20% of that $10, so it doesn't make sense to me.

1% of monthly income for betting purposes is only applicable if you are making like $100,000 or more per month as $1,000 should be a reasonable budget.

It's true, I don't agree with betting 1% of monthly income, because it cannot be applied by various types of people based on the monthly income they earn. Wouldn't it be wiser to "Bet with money you can afford to lose ?".

Whatever it is (5%, 10% or even 40% of your monthly income) as long as it doesn't disturb your psychology and make you a problem gambler, then it won't be a problem.

But if they have no problem or if they are willing to allocate only 1% of their monthly salary to gambling then I think it is better, I would suggest that allocate the smallest amount possible and your statement is more about their dissatisfaction in gambling if they only allocate a small amount, on the other hand you have also said that "bet with the amount you can afford" that means only a small amount they can afford to lose including 1%, because logically there is no way someone wants the possibility of risking losing a large amount.

I don't disagree with your statement and advice but on the other hand I think the smaller the amount of money you spend on gambling the better it is, or in other words you will avoid the risk of losing a large amount and this teaches gamblers to be responsible for whatever happens or something that is still indicative of something bad happening. On the other hand I think there may be some people who have no problem with allocating 1% to their gambling, usually people like that are people who are not too interested and do not have any expectations for the final result.

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December 03, 2023, 05:45:02 PM
 #155

Each gambler will have their betting pattern, some might bet the smallest possible amount on each bet to be able to play longer instead of losing all the money very quickly, whereas some might like placing higher bets since they are always eager to win more money in a very short period and they know they can't win big if they are placing small bets, such people think that you are going to lose the money anyway if that's destined to happen, why not play with higher amounts and have a chance to get a lot of profit?

1% of the total bankroll might not be a very big amount but it should be good for someone who knows that they are not going to chase their losses and start increasing the bet size by 1x after every loss because for a person who chases their losses, starting with 1% won't take a lot of losses for them to have their bankroll emptied.

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December 03, 2023, 10:30:02 PM
 #156

~snip~
Yes, we should make other people's bad experiences as examples and lessons so that we don't have the same fate as them and end up with addiction, I think not everyone can go through extraordinary phases and pressures when they are already in the addiction zone, and many end up worse between stress, depression or even recently I've seen some news shows that there are desperate suicides due to dizziness because of debt due to excessive gambling.

I think the problem is as I said before that their mindset is very severe, they put too much hope in gambling, especially for victory so that they cannot limit all their activities and instead often do things out of control, and that means the first thing that must be corrected if they really want to change their bad habits then their mindset and understanding must first be changed, because if their understanding is correct then I think they can also make many changes, especially for the good of themselves so that they do not experience too significant an impact and do not end up addicted.
By taking other people's experiences as lessons for us, we can definitely think wisely and not try to experiment like them, especially since we know what impacts they have experienced, so we have to really pay attention to ourselves. It is indeed difficult to overcome or cure gambling addiction because it definitely hurts us, especially when we try to change ourselves so we can have new habits that are completely different from the usual ones.

That means they have to slowly change their mindset first so they can start reducing their gambling activities. After all, they have received the impact of gambling, and they should be able to realize that it is not in accordance with their initial goal of gambling, so they must try to change it. If they believe in themselves, they can definitely do it and can make a meaningful change so that they won't take any bigger risks. They are trying to prevent gambling addiction, which they could experience if they don't immediately realize it, especially if they feel that their gambling activities have started to change. They will quickly introspect what went wrong and fix it before it gets worse.

Yes it should be, after all I think there are many who have experienced such a downturn, or that means it is not uncommon to find someone who has experienced bad effects and maybe one of them is around you now, I also have a neighbor who is a victim of addiction, I saw all his vehicles sold off and also left a large debt at the bank, finally his parents had to sell the land assets they owned to pay off all his debts.

This is really a big problem that we should avoid and by taking such incidents as lessons then I think you will avoid the same condition a little bit, so appreciate some advice from others who are trying to make you better. Yes, it is very difficult to get out of the addiction zone and it will take a long time to reach full awareness, so therefore we must from now on try to get better by slowly reducing gambling activities along with the amount of budget, this is a way that I think is quite effective, because by reducing activity and reducing the amount of budget I am sure over time your interest in gambling will also decrease and I am sure you will be able to change or even stop when the time comes.

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December 03, 2023, 10:38:51 PM
 #157

Each gambler will have their betting pattern, some might bet the smallest possible amount on each bet to be able to play longer instead of losing all the money very quickly, whereas some might like placing higher bets since they are always eager to win more money in a very short period and they know they can't win big if they are placing small bets, such people think that you are going to lose the money anyway if that's destined to happen, why not play with higher amounts and have a chance to get a lot of profit?

1% of the total bankroll might not be a very big amount but it should be good for someone who knows that they are not going to chase their losses and start increasing the bet size by 1x after every loss because for a person who chases their losses, starting with 1% won't take a lot of losses for them to have their bankroll emptied.


The gambler will have their own pattern based on the money he use for the gambling site for each week.If the gambler was the rich person his budget will be more then 1k dollars for each day.If the gambler is not the rich person,he try to keep their weekly bet as 100$ and monthly target will be 1k dollars.The gambler should quick learn of the gambling before he use the real money in the gambling site.The gambler can start the game with smallest possible amount as the initial bet and increase the bet with experience in the future.The gamblers who get adapted to the gambling site will make more money in future.

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BitcoinTurk
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December 03, 2023, 10:43:14 PM
 #158

Using 1% of one's entire income to gamble as you mentioned will definitely not cause any financial damage in case of a possible loss but I think this amount will be insufficient for many people because unfortunately many people's income level isn't very high today. For example, I don't think someone with a winnings of 1,000 units would use 10 units to gamble because that amount would run out pretty quickly and wouldn't help the person get any enjoyment out of gambling. For this reason, I think that when a person determines the budget he/she will use for gambling, he/she should definitely use a low rate compared to his monthly income but this rate shouldn't be restricted to a low level such as 1-2%. Of course, I don't claim that 50-70% of the monthly income should be used for gambling but for many people 1% is a significant amount.
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December 03, 2023, 10:57:47 PM
 #159

Each gambler will have their betting pattern, some might bet the smallest possible amount on each bet to be able to play longer instead of losing all the money very quickly, whereas some might like placing higher bets since they are always eager to win more money in a very short period and they know they can't win big if they are placing small bets, such people think that you are going to lose the money anyway if that's destined to happen, why not play with higher amounts and have a chance to get a lot of profit?

1% of the total bankroll might not be a very big amount but it should be good for someone who knows that they are not going to chase their losses and start increasing the bet size by 1x after every loss because for a person who chases their losses, starting with 1% won't take a lot of losses for them to have their bankroll emptied.


The gambler will have their own pattern based on the money he use for the gambling site for each week.If the gambler was the rich person his budget will be more then 1k dollars for each day.If the gambler is not the rich person,he try to keep their weekly bet as 100$ and monthly target will be 1k dollars.The gambler should quick learn of the gambling before he use the real money in the gambling site.The gambler can start the game with smallest possible amount as the initial bet and increase the bet with experience in the future.The gamblers who get adapted to the gambling site will make more money in future.
Each of us does have their own preference and does have their own risk taking when it comes to things on which there are people who are really that preferring on going all in with the gambling capital on one go and completely stop when they lost it all, there are ones who are preferring on playing on gradual phase on which they would really be that spending a little percentage of their entire bankroll.
They dont really care about the possible winnings or returns as long they could be able to play for longer duration on which i could say that it isnt really that bad either.
Its up to you on how many % of your capital you would be using on each bet, the important thing on here is that you dont go beyond with those limitations or levels
that you shouldnt really supposed on doing so.
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December 04, 2023, 10:34:02 AM
 #160

~snip~
Yes it should be, after all I think there are many who have experienced such a downturn, or that means it is not uncommon to find someone who has experienced bad effects and maybe one of them is around you now, I also have a neighbor who is a victim of addiction, I saw all his vehicles sold off and also left a large debt at the bank, finally his parents had to sell the land assets they owned to pay off all his debts.

This is really a big problem that we should avoid and by taking such incidents as lessons then I think you will avoid the same condition a little bit, so appreciate some advice from others who are trying to make you better. Yes, it is very difficult to get out of the addiction zone and it will take a long time to reach full awareness, so therefore we must from now on try to get better by slowly reducing gambling activities along with the amount of budget, this is a way that I think is quite effective, because by reducing activity and reducing the amount of budget I am sure over time your interest in gambling will also decrease and I am sure you will be able to change or even stop when the time comes.
That is a risk that must be experienced by someone who cannot control himself or loses control of himself when gambling. In the end, it actually caused difficulties for his family, who had to sell their valuables to pay off all their debts. Someone who gambles should be able to limit their gambling activities, not use a lot of money, and not gamble excessively.

If they don't immediately realize the dangers of excessive gambling, they will only get deeper into gambling without being able to get out of gambling easily. They will get worse and worse, and maybe it will become a serious gambling addiction that they will no longer be able to realize. It is indeed difficult to get out of the gambling addiction zone. But they can definitely get out of the gambling addiction zone if they really intend to reduce their gambling activities or stop gambling. That's all they can do to avoid the dangers of excessive gambling and also always limit the amount of their budget for gambling. Don't be tempted by the many promotions they see because that will only make their minds tell them to try to take the promotion.

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