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Author Topic: Risking 1% in Gambling  (Read 4034 times)
nara1892
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January 25, 2024, 07:09:32 PM
 #341

-snip
Of course self-control along with some other boundaries are very important in gambling, and if you are able to apply these to your gambling engagements then obviously I think you have the right understanding of gambling which means that putting small amounts will not be a difficult decision for you, because your main priority is to prevent the risk from getting too big and not on winning which is basically very difficult to get.
yep, all decisions are up to each of us as to how to avoid risks or avoid the negative impacts that exist in gambling and we are here just telling each other that risking small amounts is always the right choice and as I said before know when the right way to stop betting is an easy way but will be very difficult to do.
the most important thing is actually about the budget we have as long as we can restrain ourselves from committing to the plan that has been determined and must also be able to appreciate the money we have, of course we will find it easy to bet 1%-5% of our income on gambling and can last one month if we can manage our budget well.

the limitations that I previously mentioned will never be taken seriously by novice gamblers or gambling addicts, but these limitations have given me the experience that gambling must be done carefully, making wise decisions and respecting money, even in small amounts.

Yes and we just have to choose whether we want to end up in a slump like other gambling addicts experience or want to stay safe by implementing lots of restrictions along with good self-control, all of this really depends on each person's decision and as stated I say they just have to choose and their choice will determine what impact they will feel later. Yes, on the other hand, there is no harm in continuing to remind each other because we as humans always make mistakes, but if we are willing to learn from the experience of mistakes then clearly I think change can happen.

Stopping gambling is easy, but it's only easy to say and in fact it's difficult to do, one of the things that causes it in my opinion is the hope factor that they still hold in the opportunity to win so this is what continues to encourage a gambler to continue gambling as a dedication to get the victory they want. On the other hand, winning really depends on luck and that means I think you don't need to overdo it because if you are lucky then you will also be able to win like other people and it is better, as I said before, to just focus on a few precautions. In my opinion, the most important thing is that we must have a straight understanding in gambling because with

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January 25, 2024, 07:36:59 PM
 #342

that's because you are ready to lose the money you bet, and that's a good thing, because many people gamble but are not ready to lose the money they bet on and that is an initial problem that can lead to big problems. Indeed, gambling should be done for fun, right? Because if the aim is to pursue victory or profit then the story will be different. If that's the case, it's very likely that the money will be deposited back, but in my opinion, whatever the amount of bet you place, you will make a profit if you are lucky.

winning at gambling is not easy, and if you are unlucky then whatever percentage you bet will not produce a profit or win, but if you set aside 10% for gambling, I think that is enough, because as you said it is even if you win it's not bad. I myself have my own limits in my gambling budget, and I think that the budget that is set must be able to last for a period of one month, how do I do it? with self-control of course, so if your quota for gambling has run out then don't gamble anymore, and if you win then cash it in to gamble again another day.
well that's what I mean. Even if I'm lucky and win, it's still the 10% that becomes capital. If it's finished then I'll stop playing and I won't bet again even though I've won from gambling.
It's easy like this, if I consider 10% of my money to be $10. so that's what I played until the money ran out. If I get a win of $20, I'll consider it my luck that I have to take. So it's not like if I win and get $20 then the $10 capital runs out, I use the winning money to continue the game.

That's a good choice, because that's how it should be, because as @LUCKMCFLY said, withdrawing your winnings is the best choice, there are no other options other than that when you win, because that way we can enjoy the victory that we have obtained. but when you get the self-control victory you need, and I think you have it, I hope you can maintain it as best as possible, don't be lulled by a victory that is only temporary.

When you get a win, the best way is to cash it out and if you still want to gamble, it's better to hold it and come back another day. If indeed the gambling has produced a profit, even if the profit is twice the capital you used then there is no harm in cashing it out, if you still want to gamble then withdraw part of the winnings equal to the capital used, so even if you lose in the next round, but there is still capital that is still safe.

What happens about all this is always the same, we are people who always want to deal with many things, first being in a casino we want to win a lot of money, it is something that cannot be avoided, secondly we are people who always look for the best, to be with the best of arrangements so that everything can work wonderfully, secondly every time we go into a casino we do so with very high hopes of winning, but if we maintain order with our finances we can do a good job, that is, Every time we do something well, as you can example, we allocate 100usd to lose, with those 100usd to lose we have to try to multiply, only sometimes it is very difficult to do it, because you must have very good luck and With many things that are in our favor, as the indicated bet does with the indicated money, sometimes we can raise bets and lose them or sometimes we are not playing and instead of raising the bet we lower it and win, there are many things that can happen pass.

As far as I'm concerned, having a good option regarding games of chance is not bad, it's good, but you have to consider many things, first the self-control with the money, and secondly, if we know that we are going to lose an amount not to deposit more or invent more, the issue of emcoins and managing them is something very difficult, so the best thing I think is to allocate an amount of the money that we already have ready to spend, so taking those things into consideration we should feel good when in each game session do the best possible to be able to have everything under the law of things, not try to pull ourselves from superman and no matter how small the gain is, even if it is little, we must withdraw, because it is what keeps us unmotivated, If we win something, I prefer winning to losing, it doesn't matter that it's bad, but winning is winning.

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January 25, 2024, 07:54:53 PM
 #343

Back on topic (guys, the OP was asking about the way to spend his pre-stablished money for gambling, not how much should he gamble), the more the baskets the lower the chance of losing all eggs, but also of making good profit. Easiest example I can think about (obviating house edge!):

a) you gamble all the money (100$) to one very simple game = You have 50% chances of losing it all, and 50% of doubling your money. You'll get 0 or 200$ in return.

b) you gamble the money to one hundred games = It is almost impossible to lose it all (100 loses in a row? it simply won't happen) but your chances of making any (small) profit will tend to be 50%. You'll get your initial 100$ in return.

So the answer to the OP's question is the following: if you want to feel the strongest sensations, a) is your gambling style; otherwise, if you want to just have fun for the longest time possible, b).

What makes you so sure there can't be a hundred losses in a row? Each individual bet is independent of any other bet, so the results can be completely random.

It seems to me that your example with baskets is more suitable for investing than for betting. If you have ever played the Martingale strategy, which I have no doubt you have, you should know that there can be a very long losing streak. The same thing can easily happen in betting.

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January 25, 2024, 08:35:25 PM
 #344

Quote
Guideline 1: Gamble no more than 1% of household income
Don’t bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month.

Recently I decided to risk only 1 percent of my gambling portfolio into each bet. This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money.

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.

You must have heard 1% strategy in trading, the same can be applied in gambling too and believe me, you will feel a lot more comfortable using this 1% of your money in every game.
This also gives you a lot of games to play before you end up on your money as on every bet you will use 1% of your money. In case you lose all bets, you will be playing 100 games because your money is exhausted.

Gambling is all about risk and benefit vs reward. One other way of looking at the risk to reward ratio in this equation is that the bookmaker calculated that they are pretty much likely to win 1 out of every hundred bets they offer at those odds. Which also means you will have to win such odds one hundred times independently, if only betting your initial amount, in order to simply double your money. That seems like a very painful process and would sap any type of fun out of gambling, besides that - there are more "freak" events than you might imagine when looking at these sort of events. I personally have witnessed about 3 bets in the 1.03 range fail to win in short succession, when they should be pretty much guaranteed winners.

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January 25, 2024, 08:47:58 PM
 #345


What happens about all this is always the same, we are people who always want to deal with many things, first being in a casino we want to win a lot of money, it is something that cannot be avoided, secondly we are people who always look for the best, to be with the best of arrangements so that everything can work wonderfully, secondly every time we go into a casino we do so with very high hopes of winning, but if we maintain order with our finances we can do a good job, that is, Every time we do something well, as you can example, we allocate 100usd to lose, with those 100usd to lose we have to try to multiply, only sometimes it is very difficult to do it, because you must have very good luck and With many things that are in our favor, as the indicated bet does with the indicated money, sometimes we can raise bets and lose them or sometimes we are not playing and instead of raising the bet we lower it and win, there are many things that can happen pass.


The gambler who ready to make the money using the Casino games should learn their game in very deep.Because manipulation of the algorithm of the game can be made using the analysis of the complete game.The gamblers who made the 2x of the betting amount will move to the 3x value of the betting amount by the confidence of making the old 2x value in the gambling site.After achieving the 3x the gamblers try to target the 4x by the greedy.He need to understand the fact 3x in the gambling is the achievement for the gambler who had their huge skills in the gambling site.The gambler who loss 1k can be recovered in the other game.

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January 25, 2024, 08:56:33 PM
 #346

This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money.

I don't like that mindset as a gambler. It does mean that you are just gambling for nothing. Since for you, it's just 1% of your gambling money, then it's ok to throw that amount when you lose without realizing in the long-run, that 1% is already big in total. Just imagine that.

To most gamblers, it's hard to follow a strict rule of just risking 1% in gambling as the temptation is always there to continue. I also don't want to follow that idea but instead, I will just responsibly stop if I think my current gambling session seems unfortunate or in bad losing streak.

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January 25, 2024, 09:02:55 PM
 #347

This is called risk management, of course I’ve heard about this in trading. Therefore, I know that only a few will use it, those who truly have willpower and iron discipline. And as we know, there are very few such guys, because they go into gambling and even trading mainly to calm their nerves. And some are just having fun. Even I have some knowledge in trading and gambling and have good discipline and endurance, but I couldn’t play because I lost basic interest in it. It has become a routine that is quite difficult for me to endure. In any case, most likely, over a very long distance, such a strategy will bring us a minus, because it is unlikely that you will predict matches than the bookmaker, because professionals work there. But it's definitely worth a try if you haven't tried it yet, good luck everyone, you'll need it.

R


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January 25, 2024, 09:31:56 PM
 #348

This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money.

I don't like that mindset as a gambler. It does mean that you are just gambling for nothing. Since for you, it's just 1% of your gambling money, then it's ok to throw that amount when you lose without realizing in the long-run, that 1% is already big in total. Just imagine that.
He can wager 1% of his bankroll on each bet, but on long run he is going to face more losses than winnings by following this static strategy. Actually, it's not possible to play for too long and make profit if you don't raise your bets after each loss. That is why Martingale strategy is used so often by gamblers, otherwise they wouldn't be able to make profit even on short run. And since it's needed to raise bet size on each loss, 1% as base bet is just too much. It doesn't give enough room to play consistently through a long loss streak without going bankrupt very shortly.

To most gamblers, it's hard to follow a strict rule of just risking 1% in gambling as the temptation is always there to continue. I also don't want to follow that idea but instead, I will just responsibly stop if I think my current gambling session seems unfortunate or in bad losing streak.
To know when to stop the gambler also has to draw his plan before start playing. Some bankroll managers like to define a 10% loss from the total gambling budget the right time to stop and call it a day, and I think it's a good number to not lose control over the funds and make it last longer along further gambling sessions for the next days.

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January 25, 2024, 09:34:59 PM
 #349

I don't like that mindset as a gambler. It does mean that you are just gambling for nothing. Since for you, it's just 1% of your gambling money, then it's ok to throw that amount when you lose without realizing in the long-run, that 1% is already big in total. Just imagine that.
To me, it has a different impact. You get to gamble with that amount and that's fine because when we gamble, we have the thought and advises about gambling only what we afford to risk. And from that idea, it's not that we want to throw that money but it's like more of the acceptance that whatever happens, we're going to accept it.

To most gamblers, it's hard to follow a strict rule of just risking 1% in gambling as the temptation is always there to continue. I also don't want to follow that idea but instead, I will just responsibly stop if I think my current gambling session seems unfortunate or in bad losing streak.
That's even harder. When you're going to stop at your will, that might push you to gamble more instead of less.


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January 25, 2024, 11:00:23 PM
 #350


What happens about all this is always the same, we are people who always want to deal with many things, first being in a casino we want to win a lot of money, it is something that cannot be avoided, secondly we are people who always look for the best, to be with the best of arrangements so that everything can work wonderfully, secondly every time we go into a casino we do so with very high hopes of winning, but if we maintain order with our finances we can do a good job, that is, Every time we do something well, as you can example, we allocate 100usd to lose, with those 100usd to lose we have to try to multiply, only sometimes it is very difficult to do it, because you must have very good luck and With many things that are in our favor, as the indicated bet does with the indicated money, sometimes we can raise bets and lose them or sometimes we are not playing and instead of raising the bet we lower it and win, there are many things that can happen pass.


The gambler who ready to make the money using the Casino games should learn their game in very deep.Because manipulation of the algorithm of the game can be made using the analysis of the complete game.The gamblers who made the 2x of the betting amount will move to the 3x value of the betting amount by the confidence of making the old 2x value in the gambling site.After achieving the 3x the gamblers try to target the 4x by the greedy.He need to understand the fact 3x in the gambling is the achievement for the gambler who had their huge skills in the gambling site.The gambler who loss 1k can be recovered in the other game.

Whenever Trying to do something so that a Player can Win is Difficult , it is Hard and can be Seen as something that can be well Managed by a Player who has Control over what he plays and how he plays it, we when We think that we Are somewhat Greedy , I think we have all Experienced it , Because we like to see that we win, we like to See that we Will do things well, therefore every time we are Starting to do things, many other Problems can be Generated , the Problems in a Casino Basically boil Down to one Thing , the lack of money and the money disappearing Quickly , and that is what we never want to happen, however things can Point to that , I am Always They are thinking that Money must pay off in a casino, we must Always make an Effort not to lose Everything we are Willing to lose , in View of this , we must Act.

When the Thread type talks about 1%, it is not something that is bad, considering that 1% is enough for us to start enjoying a game , it is when we more have Options to do things that are very Favorable to us so that we can obtain good ways of seeing things, of course we are People who always Seek to improve our game, and some will say that 1% is not Rpresentative , and if we do not risk enough then things sometimes always turn out the same way , very Flat so that we can do Something , this is a matter of a person's Decision to Know what they are going to do , how they are Going to Change things, for that reason when we are in a Situation we must think About all the Scenarios and See what It involves Risking so much in such a Short time, and those Tings are what we must see , the rest is Difficult, I could not Generate so much in a short Time.

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January 26, 2024, 12:08:39 AM
 #351

Back on topic (guys, the OP was asking about the way to spend his pre-stablished money for gambling, not how much should he gamble), the more the baskets the lower the chance of losing all eggs, but also of making good profit. Easiest example I can think about (obviating house edge!):

a) you gamble all the money (100$) to one very simple game = You have 50% chances of losing it all, and 50% of doubling your money. You'll get 0 or 200$ in return.

b) you gamble the money to one hundred games = It is almost impossible to lose it all (100 loses in a row? it simply won't happen) but your chances of making any (small) profit will tend to be 50%. You'll get your initial 100$ in return.

So the answer to the OP's question is the following: if you want to feel the strongest sensations, a) is your gambling style; otherwise, if you want to just have fun for the longest time possible, b).

What makes you so sure there can't be a hundred losses in a row? Each individual bet is independent of any other bet, so the results can be completely random.

It seems to me that your example with baskets is more suitable for investing than for betting. If you have ever played the Martingale strategy, which I have no doubt you have, you should know that there can be a very long losing streak. The same thing can easily happen in betting.

I won't quote Satoshi and I'll be patient enough to explain it to you, even when it is clear that you didn't take your time to understand my initial post:

1. I've never played martingale because it's been well proven before that it doesn't work. You only have to read Taleb to know the details. I'm talking about 100 independent bets, not about doubling your stake every time you lose (that's what leads to bankruptcy in martingale, exponential need of funds, not a "very long losing streak").

2. The example of the basket means risk diversification: you can apply it to trading, gambling or any other discipline that implies risk.

3. Most importantly, the probability of losing 100 times in a row is... well, I can't even count the zeros: 0.5^100, you can calculate it yourself. Notice that I'm not talking about the probability of winning the 100th bet after losing 99 times. You're right that the probability resets after each bet and it is 50% regardless of past results, and therefore you should agree that such a very long losing streak cannot "easily happen in betting": it is almost impossible to not win even one bet out of 100, and recover at least two dollars in example b).

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January 26, 2024, 06:38:03 AM
 #352

Gambling usually helps to gain benefits from money narrowed gambling. The more a player is attracted or addicted to gambling, the greater the chance of losses. The more money you have, the more you will be addicted to gambling, that's why it is better to bet 1-2% of the main assets on gambling every day. Then a gambler will be able to participate in gambling for a long time and will be sure to join if the money is used properly. Using such strategies in gambling is a sign of winning gambling.
Most benefits that we can get is to have fun while some times we can also earn a profit out of it. This is why it's not advisable to use higher amounts. For those who use small amounts, there must still be a limit on their playing time so that it won't lead for them to get addicted in gambling and burn more time and money on it, since small amounts will still grow huge once it adds up.

Gambling can be played for free but for those who want the real thing and they don't have funds to continue, they can do unwanted things like stealing and selling stuffs. With those that I've said, to become an addict does not only depend on our wealth or if we have lots of money, but it's only about how we control our selves.

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January 26, 2024, 06:45:52 AM
 #353

OP, this is exactly how strategy should be used in gambling. So that you don't have to lose all the money you earn by gambling and become destitute. But if you gamble two to three days a week, budgeting 1℅ of your income for gambling is reasonable enough. Or if you are gambling one to two days in a month then I think you should increase your % rate so that you can gamble to your satisfaction. As for me I would say, I gamble two days a month where I budget 3℅ of my income for gambling so that I can gamble to my satisfaction.

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January 26, 2024, 09:37:24 AM
 #354

OP, this is exactly how strategy should be used in gambling. So that you don't have to lose all the money you earn by gambling and become destitute. But if you gamble two to three days a week, budgeting 1℅ of your income for gambling is reasonable enough. Or if you are gambling one to two days in a month then I think you should increase your % rate so that you can gamble to your satisfaction. As for me I would say, I gamble two days a month where I budget 3℅ of my income for gambling so that I can gamble to my satisfaction.
Yes, that is more than enough to use for gambling so that is a limit that he must obey and will not violate even if he loses. He must be able to understand that losing from gambling is a normal thing and there is no need to regret it because we also don't use a lot of money so we won't be too sad. If he wants to increase his percentage amount, he should recalculate how much he is spending to see if there is an opportunity to increase his gambling money or stay at the previous percentage. Everything must be based on calculations of income and expenses so that there is no disruption in finances.

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January 26, 2024, 12:00:03 PM
 #355

Moderation and knowing limitations are key. I gamble with a little amount of my money to balance excitement with prudence. Both money and expectations must be managed.

Chase loses is a profound topic. Sometimes I've learned the hard way that the best response to a loss is to contemplate and return the next day with a new perspective. Its discipline and shows how important emotional control is in gaming.

I understand the younger generation's drive for rapid wealth, but gambling is not the answer. In this topic, we should promote gambling as a hobby, not a career. Its important to distinguish between work and recreation. Gambling is fun when seen as entertainment, not a lifeline. With this perspective, we can enjoy gambling as an enjoyable, occasional pastime.

The bet used can determine the sensation that will be obtained too, as you said, it is true to balance excitement and caution too. Many people bet small amounts but their expectations tend to be too high which can trigger them to continue gambling. In my opinion, to face defeat you have to be able to accept it, don't make a big deal out of it, especially if you think about it too much because that won't change the situation.

Yes, that's right, I agree with you, gambling is not the answer to overcome all perceived problems involving money, because gambling itself is like a tourist attraction where we have to pay to get tickets and get the sensation of enjoying it, but winning is just a bonus if If you are lucky, you can get it, just like gambling. In my opinion, gambling can really be fun if we think of it as not a source of income, because thinking of it like that will only make us more curious which will encourage us to gamble continuously.

What happens about all this is always the same, we are people who always want to deal with many things, first being in a casino we want to win a lot of money, it is something that cannot be avoided, secondly we are people who always look for the best, to be with the best of arrangements so that everything can work wonderfully, secondly every time we go into a casino we do so with very high hopes of winning, but if we maintain order with our finances we can do a good job, that is, Every time we do something well, as you can example, we allocate 100usd to lose, with those 100usd to lose we have to try to multiply, only sometimes it is very difficult to do it, because you must have very good luck and With many things that are in our favor, as the indicated bet does with the indicated money, sometimes we can raise bets and lose them or sometimes we are not playing and instead of raising the bet we lower it and win, there are many things that can happen pass.

As far as I'm concerned, having a good option regarding games of chance is not bad, it's good, but you have to consider many things, first the self-control with the money, and secondly, if we know that we are going to lose an amount not to deposit more or invent more, the issue of emcoins and managing them is something very difficult, so the best thing I think is to allocate an amount of the money that we already have ready to spend, so taking those things into consideration we should feel good when in each game session do the best possible to be able to have everything under the law of things, not try to pull ourselves from superman and no matter how small the gain is, even if it is little, we must withdraw, because it is what keeps us unmotivated, If we win something, I prefer winning to losing, it doesn't matter that it's bad, but winning is winning.

Of course, the goal of all gamblers is to win, because that will make the gambler himself happy. and of course every gambler has high hopes of winning, therefore they go to the casino to win by gambling. However, with a budget of the size you mentioned, in my opinion it is quite large, and more than enough to carry out one gambling session, the chance of losing is indeed large, but there is nothing wrong with hoping that it can be more profitable even though it is difficult, because if we are lucky then victory will go nowhere. I felt this, even when I won with the bet amount, I thought to myself why I didn't increase the bet amount from the start. I think that happens often.

What you say is correct, we have to be able to consider our finances when gambling because that can determine our future, also with good self-control it can prevent us from spending more money on gambling, and this really has to be paid attention to. Of course, depositing more money is not a good action. In my opinion, it is clear that everyone will definitely choose to win, even though they always lose, winning will always be every gambler's desire.

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January 26, 2024, 12:05:13 PM
 #356

I'd only alter that idea to say 1% should be the maximum not the minimum you use if you set this level.  Dont feel obliged to always bet this amount, some bets should be half or less due to excessive risk or doubts on the outcome of the bet.    Having a set budget and also adding in a time element of say a daily allowance adds in external controls on your betting over just your feeling on that day.   If someone wants to bet a larger amount, add up a few days allowance and only bet on 1 out of 3 days for example.  I do think this structured path to betting is more likely to lead to a successful record.

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January 26, 2024, 04:13:24 PM
 #357

<>

Well, as players we are always going to do what is necessary to be able to win, but as long as things are normal, they are within the rules, for that reason when we play we have to have rules to be able to do something very well in the casino, and what we are looking for is basically to risk to win, if we do not win, we have to assume that those are the designs of the game and that we can have any type of thing to do so, in this order of ideas we always We must allocate things well, so that they are done well as long as we do not decapitalize ourselves, because if we decapaitize ourselves, simply being in a casino and putting ourselves in a casino will go badly for us, we don't know what budget we can allocate to lose. That is already a profit, otherwise I think we would be playing in a very disorderly manner and spending money that we should not lose, that is something that we must always consider.

Now, when we are looking for a way for things to turn out well, what we should do more is take on money that is willing to lose and respect that if we lose it, then we lose and alas, there is no need to make more deposits even to seek to recover what is lost. Did you lose or something like that, in a Laos casino the results are immediate, do you lose or win, did you win? Perdeect the money will be taken and that's it, we don't have to risk it, because in the casino we can lose it and if we really want to continue playing what we should do is basically be in the casino making the bets with the basic and minimum price, if for example we win 600usd Well, let's get 570usd and risk 30usd in the game, which is not bad, it's understandable and that things can be handled at that level of rest if we dare to risk more than normal, because things could turn out so bad that we risk the 600usd We will lose the 600usd, it is one of the worst things that always happens.


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January 26, 2024, 04:43:52 PM
 #358

Gambling usually helps to gain benefits from money narrowed gambling. The more a player is attracted or addicted to gambling, the greater the chance of losses. The more money you have, the more you will be addicted to gambling, that's why it is better to bet 1-2% of the main assets on gambling every day. Then a gambler will be able to participate in gambling for a long time and will be sure to join if the money is used properly. Using such strategies in gambling is a sign of winning gambling.
Most benefits that we can get is to have fun while some times we can also earn a profit out of it. This is why it's not advisable to use higher amounts. For those who use small amounts, there must still be a limit on their playing time so that it won't lead for them to get addicted in gambling and burn more time and money on it, since small amounts will still grow huge once it adds up.

Gambling can be played for free but for those who want the real thing and they don't have funds to continue, they can do unwanted things like stealing and selling stuffs. With those that I've said, to become an addict does not only depend on our wealth or if we have lots of money, but it's only about how we control our selves.

Yes in gambling fun should be prioritized, because if you focus too much on winning then there is always the possibility of bad outcomes such as much greater risk. One of the reasons why I believe that we should treat gambling as fun is because I don't see any certainty or guarantee for the outcome at the end of the session, meaning that losing is possible, and this is also the reason why we shouldn't over gamble and only put a moderate amount. True, budget limits are necessary but on the other hand it's not just that, and as you said we should also apply time limits, because it's useless to put a small amount if you still allocate too much time to gambling, "little by little it will eventually become a hill" and this is why time limits are also necessary.

Engaging in gambling for free such as playing on a demo account is like you are "cooking without spices", meaning that there is no sensation that can increase endorphins, right? This is what makes most gamblers not interested and prefer to engage in real gambling, and what is worried is for those who have no money or run out of money due to losses in previous sessions, and this is true cannot rule out the possibility for a gambler to commit some out of control actions such as stealing or other criminal acts, this is what is feared because the wrong approach to gambling can make a person change his behavior.

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January 26, 2024, 05:39:50 PM
 #359

OP, this is exactly how strategy should be used in gambling. So that you don't have to lose all the money you earn by gambling and become destitute. But if you gamble two to three days a week, budgeting 1℅ of your income for gambling is reasonable enough. Or if you are gambling one to two days in a month then I think you should increase your % rate so that you can gamble to your satisfaction. As for me I would say, I gamble two days a month where I budget 3℅ of my income for gambling so that I can gamble to my satisfaction.
Yes, that is more than enough to use for gambling so that is a limit that he must obey and will not violate even if he loses. He must be able to understand that losing from gambling is a normal thing and there is no need to regret it because we also don't use a lot of money so we won't be too sad. If he wants to increase his percentage amount, he should recalculate how much he is spending to see if there is an opportunity to increase his gambling money or stay at the previous percentage. Everything must be based on calculations of income and expenses so that there is no disruption in finances.

Losing is common, not to be down bad for money, one should learn to moderate the bankroll. A gambler should be applauded for managing his funds successfully while gambling. No need in choosing the amount of money to wager, when we can't keep to it or maintain the process for a long period, not without consistency. However, gambling 1% of our income is the best gambling strategy since sliced bread. Although most gamblers have not failed to fall victim of gambling compulsively, more than they are able to lose. It provides the gambler a better control over his finances. Gamblers require some accurate means of sticking to the strategy without withdrawing, to be able to succeed in maintaining their bank roll. Going for the money puts an end to a great gambling technique. Lots of gamblers have obtained such acumen through their numerous years of gambling, but at some point, fail to keep up with the task. What then causes that, other than emotional instability.

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January 26, 2024, 05:56:24 PM
 #360

OP, this is exactly how strategy should be used in gambling. So that you don't have to lose all the money you earn by gambling and become destitute. But if you gamble two to three days a week, budgeting 1℅ of your income for gambling is reasonable enough. Or if you are gambling one to two days in a month then I think you should increase your % rate so that you can gamble to your satisfaction. As for me I would say, I gamble two days a month where I budget 3℅ of my income for gambling so that I can gamble to my satisfaction.
Yes, that is more than enough to use for gambling so that is a limit that he must obey and will not violate even if he loses. He must be able to understand that losing from gambling is a normal thing and there is no need to regret it because we also don't use a lot of money so we won't be too sad. If he wants to increase his percentage amount, he should recalculate how much he is spending to see if there is an opportunity to increase his gambling money or stay at the previous percentage. Everything must be based on calculations of income and expenses so that there is no disruption in finances.

Losing is common, not to be down bad for money, one should learn to moderate the bankroll. A gambler should be applauded for managing his funds successfully while gambling. No need in choosing the amount of money to wager, when we can't keep to it or maintain the process for a long period, not without consistency. However, gambling 1% of our income is the best gambling strategy since sliced bread. Although most gamblers have not failed to fall victim of gambling compulsively, more than they are able to lose. It provides the gambler a better control over his finances. Gamblers require some accurate means of sticking to the strategy without withdrawing, to be able to succeed in maintaining their bank roll. Going for the money puts an end to a great gambling technique. Lots of gamblers have obtained such acumen through their numerous years of gambling, but at some point, fail to keep up with the task. What then causes that, other than emotional instability.
1% of income is really something that it is really that safe for someone who do really be able to have that kind of gambling allocation on which it would really be just that best that you should really know on what
you should gonna do. This is something a very good way or having the discipline on spending up money for gambling on which you arent really that able to get past 1% but i highly doubt that people would really be able to retain out such numbers considering that once people are really that getting involved with gambling is that people would really be that too impulsive when it comes to things and this is why
they are really that putting themselves on such potential impulsive on which it might really be that ending up for you on getting addicted.

This is why it would really be always wise that you should really know at least on what you are doing or else you would really be putting up yourself on such
condition on which you might really be that ending up on getting miserable or devastated because of it. This is why you should be careful.

R


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