Responsible gambling

[Fivestar4everMVP]

Here are two things to take note of before gambling
1.have a budget:it's very crucial to set a budget, decide how much money you are comfortable spending on gambling
Always stake what you can afford to lose. Have a limit and stick to it, doing it this way wouldn't put you under
Pressure and anxiety
2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it
From the first point I made I said you should always stake what you can afford to lose but it's important to
Take regular breaks especially when your losses are more than your wins.give yourself time to recover cause it's all about maintaining a healthy balance...I hope this helps someone out there

Both gambling and forex trading have similar characteristics which are risks, both have the same level of risks and if care is not taken you can lose all your money, and also when it comes to proactive measures, they still have similar means to protect yourself from falling too deep into such stage.
Trading may be seen as less risky compared to gambling, which is relatively true but then also, if care is not taken trading can give you the same level of negative impact same as what gambling does at some point, tendencies like debts and addiction ls are also present with trading forex as well.

Sorry but I will have to disagree with you on what you said that, gambling has the same risk as trading, this I personally believe to be a misconception on your part..
An activity where you totally depend on luck (depend on which game you are playing) to win, can not be compared or said to have exactly the same level of risk with an activity where your level of knowledge or still is what either increases or reduces your chances of winning.

In other words, we can say that trading is risky but it's of self, which means that  your level of trading skill and knowledge will determine the level of risk trading is to you, on like gambling where you have to depend on luck for most of the time you gamble, and this is what risk truly is, for one will never know what luck holds in store for him or her.

[1714766211]

1714766211

[ScamViruS]

2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it
From the first point I made I said you should always stake what you can afford to lose but it's important to
Take regular breaks especially when your losses are more than your wins.give yourself time to recover cause it's all about maintaining a healthy balance...I hope this helps someone out there

Taking a break from gambling when regular losses occur is important to reduce the amount of losses, but most gamblers cannot control themselves during this time. Because when a gambler starts losing, he becomes more aggressive to recover his losses, but these actions of gamblers lead to worse situations for those gamblers. So it is very important for a gambler to control himself in gambling, so that the ability to make decisions like taking a break at the right time is developed among the gamblers.

There have been more discussions on this topic before but this topic is always important for new gamblers so that they can have a good experience, and do well in gambling.

[BitcoinPanther]

Gambling responsibly, according to my understanding, has positive value but is to avoid addiction which can make a person lose control.
I want to convey the same thing as other users, it is better to lock this topic because it contains previous discussions.

Gambling responsibly has no way an effect in winning a session.  Since gambling game result is random, More often than not, it is the luck that makes a gambler win his bet.  As for the gambling responsibly, it is one of the approach of player in order to minimize losses and get addicted to the gambling games.

Both gambling and forex trading have similar characteristics which are risks, both have the same level of risks and if care is not taken you can lose all your money, and also when it comes to proactive measures, they still have similar means to protect yourself from falling too deep into such stage.
Trading may be seen as less risky compared to gambling, which is relatively true but then also, if care is not taken trading can give you the same level of negative impact same as what gambling does at some point, tendencies like debts and addiction ls are also present with trading forex as well.

Sorry but I will have to disagree with you on what you said that, gambling has the same risk as trading, this I personally believe to be a misconception on your part..
An activity where you totally depend on luck (depend on which game you are playing) to win, can not be compared or said to have exactly the same level of risk with an activity where your level of knowledge or still is what either increases or reduces your chances of winning.

In other words, we can say that trading is risky but it's of self, which means that  your level of trading skill and knowledge will determine the level of risk trading is to you, on like gambling where you have to depend on luck for most of the time you gamble, and this is what risk truly is, for one will never know what luck holds in store for him or her.

I highly agree with you,  trading and gambling risk are not the same.  In trading risk can be minimized by having the knowledge of what he is trading, understanding the market and keeping oneself updated.  This things can't be done on gambling in order to minimum risk because mostly gambling games are luck based games and those games result are random .

[goaldigger]

Being responsible gambler is a must and it can prevent you from getting addicted in gambling.
Though this may sound so easy but of course in reality there will be challenges and you might not fulfill this overnight. Controlling your emotion is one the big challenges that you may encounter in gambling and if you are too emotional, you might suffer a big loss because of being too impulsive. You have to take this slowly but surely and know that being responsible should be your priority and you should always do your budgeting.

This should not be just an option, being responsible should be your top priority.
There are risk of being too greedy and we know that its not ok to act like you can’t control yourself. If you are going to gamble, always have the budget list, plan ahead and know how to be more responsible. I’m still wondering why many gamblers are playing like a one time millionaire where in fact they don’t have that much.

[Dunamisx]

Snipped

Honestly OP i don't know what you're upto right away but i see that this will be your very first post and activity on this forum after registr, which means that it's either you're not a newbie on this forum or already have some experience about gambling, but nevertheless on either of my guess, i think it's more right for you to first read the forum's rules and regulations and contribute to other bitcoin discussions boards before coming to gambling, just my observation.

[wallet4bitcoin]

Does gambling in any way speak of itself as a responsible engagement? Just asking because society makes it look like an irresponsible act and shouldn't be encouraged.

Hopefully, this notion was triggered by the singular fact that addicts have portrayed it as an act of irresponsibility.

While honorable men also indulge in gambling and get to keep their reputation as they seem disciplined anf true to their principles towards it

[jossiel]

Here are two things to take note of before gambling
1.have a budget:it's very crucial to set a budget, decide how much money you are comfortable spending on gambling
Always stake what you can afford to lose. Have a limit and stick to it, doing it this way wouldn't put you under
Pressure and anxiety

Always be in control because there are gamblers that even they say that they have full control of themselves but when they get emotional, that's where it all starts to gamble more than the amount they can afford lose.

2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it
From the first point I made I said you should always stake what you can afford to lose but it's important to
Take regular breaks especially when your losses are more than your wins.give yourself time to recover cause it's all about maintaining a healthy balance...I hope this helps someone out there

It will help someone to get reminder but there will still be a lot of gamblers that will ignore all of these tips from everyone. Because they think that they're still in full control but in actuality, they're not.

You see a lot of old time gamblers that can be said have control over their spending habits in gambling. But you see their story, they've got some times that they have gambled like there's no tomorrow. So, people change and that's one thing for sure even in gambling.

[PX-Z]

Because when a gambler starts losing, he becomes more aggressive to recover his losses, but these actions of gamblers lead to worse situations for those gamblers.

Agree, this is common to gamblers, believing after some loss a win or wins will come out just like the martingale but it up worse.
Unlike trading that you can always use stop-loss or stop-limit to limit the loss, the reposition the trading strategy.

While having a small budget in trading is pretty okay for start up and use different strategy to gain more profit and limit the loss. But it's the opposite for gambling, you really need a decent budget (let's say $100) in gambling to win big.

[CryptSafe]

At first, I was wondering if the poll OP conducted is in line with the thread Created and if the options provided are also In line  with the question of the poll. This made me looked into OP profile and I must say that newbies here are really ignorant of forum standard and policies. If OP had made use of the search engines, OP would have been able to see similar posts as his and would definitely do something different from this post or make opinion to the existing thread.

Maybe OP might take instructions after reading through all these replies and comments..

[Nwada001]

The same topic has been repeated multiple times here in the gambling section, but I still think it's worth it, as the old one might have been buried under ground where others might find it hard to locate.
 
If I can recall correctly, one thing about gambling is not just about setting those limits and budgets. The next thing is for the person to be the hard decision type; it's always easier to say than to keep to those decisions.
 
If you are a good decision-maker and you always keep to them, then it will be easier for you to be a responsible gambler without much stress, but if not, you will always fine yourself for breaking those rules that you set with your own hand, which is really not a good way to gamble as that might lead you into getting addicted.
 
So if you find yourself breaking your own set limits, I will advise the person to stop gambling first and work on himself or herself. Learn how to be in control in terms of decisions and also in controlling emotions, as they are part of the things that will contribute to gambling responsibly.

[Queentoshi]

2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it
From the first point I made I said you should always stake what you can afford to lose but it's important to
Take regular breaks especially when your losses are more than your wins.give yourself time to recover cause it's all about maintaining a healthy balance...I hope this helps someone out there

I would like to add another one because games are always played almost every week, and for a gambler who plays sports betting, taking a break may just be during the time when there are no sport games to bet on, but it should not be so because if a gambler want to wait till there are no games to bet on before they give themselves a break, then they are not doing it willfully as it should be to still show self-control, but rather doing it because they have no option. Gamblers should willfully be able to give themselves a break, and they should even know when to do it.

[Oilacris]

Being responsible gambler is a must and it can prevent you from getting addicted in gambling.
Though this may sound so easy but of course in reality there will be challenges and you might not fulfill this overnight. Controlling your emotion is one the big challenges that you may encounter in gambling and if you are too emotional, you might suffer a big loss because of being too impulsive. You have to take this slowly but surely and know that being responsible should be your priority and you should always do your budgeting.

This should not be just an option, being responsible should be your top priority.
There are risk of being too greedy and we know that its not ok to act like you can’t control yourself. If you are going to gamble, always have the budget list, plan ahead and know how to be more responsible. I’m still wondering why many gamblers are playing like a one time millionaire where in fact they don’t have that much.

Being responsible is indeed not an option but rather it is really just that a normal step or action you would be making because it is really just  that a common sense thing that you should really be that responsible on the thing that you are doing because if you dont then you would really be ending up on messing your finances specially when dealing with gambling. There would really be no assurance that you wont really be that getting wrecked by it on which it is really just that a common approach that you should really be wise on the money that you are spending. Play for fun and having
those limitations and moderation when it comes to spending because if you dont then you would really be ending up on having a miserable life.

[gunhell16]

Here are two things to take note of before gambling
1.have a budget:it's very crucial to set a budget, decide how much money you are comfortable spending on gambling
Always stake what you can afford to lose. Have a limit and stick to it, doing it this way wouldn't put you under
Pressure and anxiety
2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it
From the first point I made I said you should always stake what you can afford to lose but it's important to
Take regular breaks especially when your losses are more than your wins.give yourself time to recover cause it's all about maintaining a healthy balance...I hope this helps someone out there

Most of the community here in the crypto space actually knows what you mentioned. Besides that, literally speaking, we can't gamble without using money. Of course, if we experience winning, there must be money involved in gambling because it is used to balance the game.

And it doesn't mean that when you gamble responsibly, it's good to look at; of course, it doesn't refer to that concept of gambling because, when children see it, it still becomes negative in my opinion.

[Marvelman]

Here are two things to take note of before gambling
/---/

You raise a fair point about keeping your wagering in check.  Setting limits we can afford helps and  even if we've talked over responsible gaming tips previously, human nature lends itself to needing reminders.  Getting caught up gaming happens, making reminders to play carefully useful.  Repeating pragmatic advice assists staying on track.

[Smartvirus]

Can responsible gambling yield positive results? Most likely 'no'.

Well, I might disagree with you on this one my good brother.
Of course there is a positive side or result to why you have to approach addictive fields such as gambling and taking of alcohol with some level of awareness or responsible approach.
It doesn’t necessarily mean you must count in profit from your wins at the house or while betting on the bookies. It’s just some way of ensuring you have some balance left in your account and by that, I don’t mean on the gambling site although, that could work too but, for other aspects to living too.

If gambling responsibly could save you from addiction and bankruptcy even with you losing on your stakes, it’s a habit to culture if you are a gambler and must gamble. That’s a positive result!

You may only select up to 2 options. About trading? Also most likely no but the chance to make money is more in trading than gambling, but it is as dangerous as gambling.

Well, trading is no entertainment like we have it in gambling. While gambling could be both for making quick money when you can and if you can, trading is just business and you’ve got to be good to profit.

[EarnOnVictor]

Here are two things to take note of before gambling
1.have a budget:it's very crucial to set a budget, decide how much money you are comfortable spending on gambling
Always stake what you can afford to lose. Have a limit and stick to it, doing it this way wouldn't put you under
Pressure and anxiety
2.Take breaks:This is a very important point..gambling can be very addicting especially when we start excepting a lot from it
From the first point I made I said you should always stake what you can afford to lose but it's important to
Take regular breaks especially when your losses are more than your wins.give yourself time to recover cause it's all about maintaining a healthy balance...I hope this helps someone out there

I think these points are good but are certainly not enough to call someone responsible or a gambling habit responsible habit. Good, we need to have our budget and take a break when we know we are going too far, but what about having good gambling strategy/style, what about the plans that coordinate everything, what about the taming of our gambling psychology and so on?

All these and more are needed, not that a gambler will just have a budget, and when the budget fails, the gambler will excuse himself immediately, there must be plans. This is so inconclusive, and I urge any gambler who wants to be responsible to take it easy from the beginning. They should learn the psychological part of it, and after that, move to the managerial aspect of it where the budgetary aspect will also come in. And of course, the style and pattern of gambling including the strategy to the use must be ensured. Gambling takes a more professional approach to be successful in it, not the way most people are taking it due to the fact that they have cheap access to it. This is just wasting their money and getting them emotional and addicted.

[piebeyb]

I almost feel bored with threads like this in forums because they often appear discussing the same topics like this, even though everyone is free to have an opinion and voice, but at least it's right to listen to @yahoo62278's words that before creating a topic, make sure to do a search so as not to pile up too much discussion. Same as before, I think this discussion has been written before on the gambling board.

I also understand that users are still beginners in the forum so they don't really know about the search feature so it has to be a recurring topic in this forum, even so we seem to have discussed this many times, it's true that what is written for responsible gambling must be able to control yourself and play responsibly, at least know when to gamble and stop gambling to take a break, at least limiting your budget is also very important, I hope that in the future there won't be too many discussions like this. 

[Reatim]

you only has 2 option si what can we select to have other choices of 2? 

But it is gambling that I also voted because I am a responsible gambler all my life , though losing at some time but maintaining my ability to restore my self from losing more .

What's with the poll and the options you added?

nothing but only 2 

I am also looking for another option in Poll but find nothing .

[paxmao]

I almost feel bored with threads like this in forums because they often appear discussing the same topics like this, even though everyone is free to have an opinion and voice, but at least it's right to listen to @yahoo62278's words that before creating a topic, make sure to do a search so as not to pile up too much discussion. Same as before, I think this discussion has been written before on the gambling board.

I also understand that users are still beginners in the forum so they don't really know about the search feature so it has to be a recurring topic in this forum, even so we seem to have discussed this many times, it's true that what is written for responsible gambling must be able to control yourself and play responsibly, at least know when to gamble and stop gambling to take a break, at least limiting your budget is also very important, I hope that in the future there won't be too many discussions like this. 

This is an important topic and since new members may join, there may be a case for having a similar topic discussed more than once, I do not see a big issue there. On regard to the topic, this goes a lot with the person, if you are responsible you know what comes first and what comes second and you have the strength to play with that rule in mind and it includes gambling.

[bhadz]

To answer the poll: Yes. Responsible gambling can yield to positive results and profits but you have to remember always that gambling is gambling and it's unpredictable even if you've planned your bets in sports betting or any games that requires you to be analytical. Why is it that forex is part of the poll? Because it's also gambling?

but at least it's right to listen to @yahoo62278's words that before creating a topic, make sure to do a search so as not to pile up too much discussion. Same as before, I think this discussion has been written before on the gambling board.

I agree. We've got a lot of topics already and threads like this that deals and discusses about responsible gambling. While OP might have some good intentions from this but, he don't even converse after making a thread.