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Question: Can responsible gambling yield positive results?
Gambling - 24 (60%)
Forex trading - 16 (40%)
Total Voters: 36

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Author Topic: Responsible gambling  (Read 3753 times)
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December 22, 2023, 08:23:01 PM
 #61

Also let gamblers not see gambling as a means of making profit, so that they don't get carried away by their emotions, and start chasing their losses. Any gambler that starts chasing his losses will become and addicted gambler because he will allow his greed take over his mentality. You have brought up some good points on how a gambler can stay away from addiction. They should see gambling as a means of entertainment, so that you shouldn't put your mind on winning at all time, but you will also consider losing in mind too so that when you lose, you will be happy with the outcome of the game.

I agree with you. If a gambler wants to make money in the casino, no advice will help him. He will lose all his money. Gambling should be for entertainment only. If a gambler wants to make money, he better get a job and stay away from the casino.

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December 22, 2023, 08:25:15 PM
 #62

If you don't have a source of income, trust me you will never become a responsible gambler, you will make all the mistakes in the book and you will be let with nothing, source of income is very important, it is the first step to take if you want to safely become a smart gambler.

It's not always about how many money you will make, trust me, it's about how many time you can afford to lose before you win some money, if you are not ready to experience this well it's better you look elsewhere, many gamblers don't know about this, all their minds are fixed on when they will make money.

To be a honest, I don't believe that anyone can just decide to get rich by becoming a gambler, it's not that easy, it's better to not even believe so, enjoy your time gambling for fun instead.
First of all, when you mentioned about the source of income you mean a job like a steady paying job if that be it then I can agree with you because in gambling you need to learn a lot of lessons along the way and the only way you can learn those lessons is via losing sometimes,  and in other to continue,  you may need to have another fund to bet with and if you don't have a source of income you won't be able to continue after you experience you loses.

Many times,  those who chose only gambling as a source of income have ended up being disappointed and to some point it has become obviously clear that gambling has no assurance and since it is a game of luck we can't rely on it for a sure repeated winning.

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December 22, 2023, 08:28:50 PM
 #63

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

For the OP, I'm sure you didn't pay attention to old topics that discussed things like this before, so you created the same topic as this. It's a good idea if you want to create a topic, you have to dig up old posts that other members have made first. Avoid making the same topic.
setting a budget for gambling is something that must be done by gamblers, the point is to avoid excessive use of the budget and even incurring debt for gambling, people who apply budgeting in gambling will definitely be safe from the trap of bankruptcy and also this debt is an important thing in responsible in gambling.
Getting enough rest is also another important thing, a fresh brain will make good decisions.



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December 22, 2023, 08:34:34 PM
 #64

Well, your statement is kinda contradicting since investing funds one can afford to lose to gambling is also a part of responsible gambling.
A gambler who is not responsible In their gambling activities will hardly be able to only play gambling with only money they are willing and can afford to loss easily.

So, in nutshell, it is actually and completely possible to practice responsible gambling.
You really need to read and understand my posts properly before replying since you keep misunderstanding as usual. I never mentioned that responsible gambling isn't possible at all.

I clearly stated that responsible gambling is rare/uncommon which is why very, very few gamblers end up winning against the house in the long-term. Think!

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December 22, 2023, 10:20:56 PM
 #65

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

For the OP, I'm sure you didn't pay attention to old topics that discussed things like this before, so you created the same topic as this. It's a good idea if you want to create a topic, you have to dig up old posts that other members have made first. Avoid making the same topic.
setting a budget for gambling is something that must be done by gamblers, the point is to avoid excessive use of the budget and even incurring debt for gambling, people who apply budgeting in gambling will definitely be safe from the trap of bankruptcy and also this debt is an important thing in responsible in gambling.
Getting enough rest is also another important thing, a fresh brain will make good decisions.

Clouded decision, yeah, happen to me many times, although sometimes my brain will tell me to stop already because I'm either winning or losing, but still my heart will dictate to continue and so it's a hit or missed on my end.

So it's better to take a rest if you are being consumed by gambling, at least a day or two is good and then come back refresh and maybe you have a better strategy and saw what went wrong on your previous sessions. It's going to be hard, but at least a sound mind can make good decisions and not follow your heart.

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December 22, 2023, 10:21:33 PM
 #66


I agree with you. If a gambler wants to make money in the casino, no advice will help him. He will lose all his money. Gambling should be for entertainment only. If a gambler wants to make money, he better get a job and stay away from the casino.

On the contrary, there are lot of advice that can help a person minimize his losses especially when the person aims to take a profit in his gambling endeavors. One of the best advice is given by @OP. By being a responsible gambler, even with the intention to make profit, a gambler can avoid large financial losses if he moderates himself.

Making gambling activities a source of income is gambling itself and is dangerous if the person has no limitations on his gambling activities.  I agree that a person should rather find a job than make the casino their source of income but we can't prevent people from thinking that way.  That is why suggestions and more suggestions as pieces of advice should be given to these kinds of people.

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December 22, 2023, 10:27:05 PM
 #67

I think there are many likewise topics in this board. And almost all the above listed factors have been discussed.
A responsible Gambler play games according to his plan and he is not in hurry to gamble but observe what is the game all about. He looks at his pocket if the cash with him can take him to another day or weeks because those the gamblers that do not game anyhow. He knows when to gamble and have the control of the gambling Addiction. Not all gamblers are responsible some irresponsible to the core. Those irresponsible ones gamble anyhow and they is no time limit of their games. A responsible Gambler plan for his family before going out. Whenever he is depressed because of loss of game, he would crack jokes and play over. But the irresponsible gamblers always got angry whenever they loss. Responsible Gambler play only 3% out of 10% to save his family from hunger always.
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December 22, 2023, 10:52:22 PM
 #68


I agree with you. If a gambler wants to make money in the casino, no advice will help him. He will lose all his money. Gambling should be for entertainment only. If a gambler wants to make money, he better get a job and stay away from the casino.

On the contrary, there are lot of advice that can help a person minimize his losses especially when the person aims to take a profit in his gambling endeavors. One of the best advice is given by @OP. By being a responsible gambler, even with the intention to make profit, a gambler can avoid large financial losses if he moderates himself.

Making gambling activities a source of income is gambling itself and is dangerous if the person has no limitations on his gambling activities.  I agree that a person should rather find a job than make the casino their source of income but we can't prevent people from thinking that way.  That is why suggestions and more suggestions as pieces of advice should be given to these kinds of people.
There are people who do really listen up on advise and there are ones who dont really care on which it do really lead up into disaster because the main thing that would come up into our minds is that we are making use of our own money and not theirs on which it would really having that main thought into our mind. Being responsible is a must or something should be in default because if you arent that something mindful into this aspect then you are really that bound on failing to control yourself in gambling which it would really be giving out that huge effect into your gambling run or engagement.
Gambling should really be just that for fun but there were people who are really that always impulsive when it comes on making money on which they would really be that too minding about making money and this is where mistakes do happen.
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December 22, 2023, 11:21:29 PM
 #69

I clearly stated that responsible gambling is rare/uncommon which is why very, very few gamblers end up winning against the house in the long-term.
I agree with your first statement that most gamblers don't gamble responsibly and don't follow the good practices for safe gambling. This is why, for many of them, what was supposed to be a fun activity turns into a nightmare.
However, I don't agree with the second statement or the conclusion you come out with. Tbh, I don't see the link between responsible gambling and beating the house or winning on the long run (which is impossible anyway)! Responsible gambling is more about limiting your loss and spending only what you can afford to lose.

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December 23, 2023, 02:53:41 AM
 #70

The same discussion already exists and this is the umpteenth topic in gambling discussions.
Responsibility is an attitude that every gambler must always have and this is an attitude that is absolutely mandatory to maintain if you really want to be gambler who is always safe or on the right track.

Budget, this is an important thing that responsible gambler must pay attention to and of course the budget can be managed well when there are limits that have been set as you stated.
But not all gamblers can manage their finances within certain limits and many still forget this important point in gambling.
The benefit of financial management and having limits is that you can stabilize your finances and also avoid bigger losses. Moreover, by having financial management or limits, gamblers can be more accepting of every loss that occurs.

Interesting, take break, this sounds easy but stopping or resting at the right time is not an easy matter because this can only be done if the first point regarding budget management and financial limits can be set.
Many gamblers continue their gambling sessions in order to chase wins for profit or recover losses.
This kind of thing often happens and has very significant impact on gamblers because when they are chasing profits or recovering losses there is only certain result that can be obtained, namely bigger losses.
We have to start realizing this and we have to start changing our ambitions and mindset about these two goals.

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December 23, 2023, 06:04:58 AM
 #71

Also let gamblers not see gambling as a means of making profit, so that they don't get carried away by their emotions, and start chasing their losses. Any gambler that starts chasing his losses will become and addicted gambler because he will allow his greed take over his mentality. You have brought up some good points on how a gambler can stay away from addiction. They should see gambling as a means of entertainment, so that you shouldn't put your mind on winning at all time, but you will also consider losing in mind too so that when you lose, you will be happy with the outcome of the game.

I agree with you. If a gambler wants to make money in the casino, no advice will help him. He will lose all his money. Gambling should be for entertainment only. If a gambler wants to make money, he better get a job and stay away from the casino.
That's true, someone who gambles to make money to meet their life needs, they have their own thoughts so hard to be advised. Generally their lives are messed up, because they expect something uncertain to meet a certain need.
Gambling to have fun and to meet the needs of life is very different in terms of the emotional players.
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December 23, 2023, 06:53:15 AM
 #72

Also let gamblers not see gambling as a means of making profit, so that they don't get carried away by their emotions, and start chasing their losses. Any gambler that starts chasing his losses will become and addicted gambler because he will allow his greed take over his mentality. You have brought up some good points on how a gambler can stay away from addiction. They should see gambling as a means of entertainment, so that you shouldn't put your mind on winning at all time, but you will also consider losing in mind too so that when you lose, you will be happy with the outcome of the game.

I agree with you. If a gambler wants to make money in the casino, no advice will help him. He will lose all his money. Gambling should be for entertainment only. If a gambler wants to make money, he better get a job and stay away from the casino.
That's true, someone who gambles to make money to meet their life needs, they have their own thoughts so hard to be advised. Generally their lives are messed up, because they expect something uncertain to meet a certain need.
Gambling to have fun and to meet the needs of life is very different in terms of the emotional players.
yes and  never become that one because those people that rely their life in Luck are the people that never will get what they wanted as they are not working hard to attain that, most of them are just losers that will be forever that way.
To be a honest, I don't believe that anyone can just decide to get rich by becoming a gambler, it's not that easy, it's better to not even believe so, enjoy your time gambling for fun instead.

Once a gambler aiming that they become Rich in a short period of time because they are doing good in gambling then all I can say about that, is a bad mindset cause we all I ow that through gambling we are just depending our lucks cause we have our luck in our side then we will win a good amount that can make us happy. But if we don't have our luck then everytime we put our bet we will loss. So it's better to get in gambling for fun only not for profit
though there are some gamblers that really born to be a lucky person and yes tey are rare but making money by all means of gambling.
have a friend that has this and yes he turns millionaire before he even become 30's









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December 23, 2023, 07:44:54 AM
 #73

I don't understand that why you are comparing gambling against for Forex trading. I think this to things are completely different to each other gambling is fully depend on luck on the others hand forex depend on your skill. Anyway, I think the suggestions you have given below are two but basically one suggestion because when you gamble from the limit, once you touch the limit, you have to take a break from gambling.


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December 23, 2023, 07:50:56 AM
 #74

While this topic is probably helpful to someone out there, it is not the only topic of its kind. I see that you are new here so I would like to ask you to please take the time to use the search feature before making a post to make sure you aren't making a duplicate topic. Also, make sure you are posting in the correct section as this topic would belong in the gambling discussion board IMO.
It's tiring that we're just saying the same thing about this kind of stuff, maybe it's time that we should bump the oldest topic that's talking about this topic and then talk there about new tips, maybe a mega or giga thread of advice about gambling and how not to become addicted to it, helps with the congestion in the Gambling and Gambling Discussion so we can see more topics unrelated to tips and tricks on how to be a responsible gambler or maybe someone just create a new thread that will make it official that if we're talking about what to do and what not to do in gambling, we will just post there.



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December 23, 2023, 07:51:30 AM
 #75

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

For the OP, I'm sure you didn't pay attention to old topics that discussed things like this before, so you created the same topic as this. It's a good idea if you want to create a topic, you have to dig up old posts that other members have made first. Avoid making the same topic.
setting a budget for gambling is something that must be done by gamblers, the point is to avoid excessive use of the budget and even incurring debt for gambling, people who apply budgeting in gambling will definitely be safe from the trap of bankruptcy and also this debt is an important thing in responsible in gambling.
Getting enough rest is also another important thing, a fresh brain will make good decisions.

Clouded decision, yeah, happen to me many times, although sometimes my brain will tell me to stop already because I'm either winning or losing, but still my heart will dictate to continue and so it's a hit or missed on my end.

So it's better to take a rest if you are being consumed by gambling, at least a day or two is good and then come back refresh and maybe you have a better strategy and saw what went wrong on your previous sessions. It's going to be hard, but at least a sound mind can make good decisions and not follow your heart.

Confusion from numerous gambling ideas could be overwhelming and consume lots of brain power. I encourage gamblers to appreciate the importance of taking another rest. The brain gets too exhausted trying to figure out what prediction will be accurate or not. If the gambler cherishes sleep and takes his time in cooling his brain through enough rest, he wouldn't have to experience stress. Which leads to wrong calculations in gambling. Being in control also helps the player to be decisive and coordinated in creating new gambling decisions and strategies. Lack of such qualities in gambling could result in lots of problems gambling with the player. The brain when filled with things we need to do, yet doesn't get enough rest. Could be doing the reverse of what we expect it to execute, and may provide us with wrong predictions and reactions after a loss. If the brain can relax and doesn't bother the gambler to gamble more, the player wouldn't have to bother getting addicted.

Taking a few day's rest is also valuable in the life of any gambler. It's worth the time, and the gambler would notice a change in him after such a brief vacation from gambling. Gamblers who go for money and neglect their budget, only do so to the detriment of their brain. They end up receiving impulses that make them regret being a gambler in the first instance. It's a hard practice, for most gamblers as the need to play more is quite stronger than that of calling it a day. Gambling is fun, and thrilling, the human body loves such activities and won't stop especially when money is involved. So, every gambler may not be able to successfully execute this strategy of taking a break. To most it's impossible and they must enjoy the thrill every single day, thereby losing out on greater opportunities. The belief that responsible gamblers don't win big in gambling, still amazes me, as it's not proven anywhere that irresponsible gamblers do win better than responsible gamblers, because they gamble more than the responsible folks.

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December 23, 2023, 10:07:56 AM
 #76

I don't understand that why you are comparing gambling against for Forex trading. I think this to things are completely different to each other gambling is fully depend on luck on the others hand forex depend on your skill. Anyway, I think the suggestions you have given below are two but basically one suggestion because when you gamble from the limit, once you touch the limit, you have to take a break from gambling.

I don't think Op is talking about trading or forex neither is he comparing it to gambling. From what he is saying, it is a guide to responsible gambling which he talked about two points on bankroll management and taking a break. So that is what I understand and not about really about forex trading and of course it is not the same thing with gambling. They are far apart and like you rightly said gambling is luck base and trading involves skill.

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December 23, 2023, 12:18:26 PM
 #77

What are the other options mate? because that only gives us 2 to choose  Wink

but going to what title asking? a responsible gambling means you know what are you dealing and what is heading you to fulfil that , the better way to become a responsible gambler is to become a responsible person.

if you can prioritize your family and life and making gambling just for outside personal?

then you will be the best gambler the world will ever had, but since there is other choices , don't know what to stand on those.

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December 23, 2023, 12:56:53 PM
 #78

I don't understand that why you are comparing gambling against for Forex trading. I think this to things are completely different to each other gambling is fully depend on luck on the others hand forex depend on your skill. Anyway, I think the suggestions you have given below are two but basically one suggestion because when you gamble from the limit, once you touch the limit, you have to take a break from gambling.

I don't think Op is talking about trading or forex neither is he comparing it to gambling. From what he is saying, it is a guide to responsible gambling which he talked about two points on bankroll management and taking a break. So that is what I understand and not about really about forex trading and of course it is not the same thing with gambling. They are far apart and like you rightly said gambling is luck base and trading involves skill.

I don't think the OP is discussing forex trading, but the OP is discussing responsible gambling. where gambling involves luck, and forex trading involves skill.

I don't understand what gambling has to do with forex trading, what I know is that gambling only depends on luck, and they don't have to gamble excessively, if they gamble excessively then there will be a big disaster that will happen to them, and gambling is not discussed. they have to do it, because they could become addicted if they don't do it responsibly.

I think forex trading is done seriously because it requires good skills to make a profit, but gambling can be done by anyone who has enough money and doesn't need good skills to do this, they just need to bet and leave the rest. on your luck. If you want to compare these two things, maybe this can help solve it, but the OP doesn't discuss the comparison of gambling and forex trading.

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December 23, 2023, 02:35:37 PM
 #79

However, I don't agree with the second statement or the conclusion you come out with. Tbh, I don't see the link between responsible gambling and beating the house or winning on the long run (which is impossible anyway)! Responsible gambling is more about limiting your loss and spending only what you can afford to lose.
Wrong. Responsible gambling/smart gambling can help you beat the house in the long run though it's pretty rare and you need to be skilled to accomplish it. One example is card counting which is a lot tougher to execute these days.

https://www.google.com/amp/s/www.bbc.com/news/magazine-27519748.amp

Another example is arbitrage betting which I have done myself successfully and earned decent profits in a risk free manner in the long-term.

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December 23, 2023, 02:52:45 PM
 #80

What are the other options mate? because that only gives us 2 to choose  Wink

but going to what title asking? a responsible gambling means you know what are you dealing and what is heading you to fulfil that , the better way to become a responsible gambler is to become a responsible person.

if you can prioritize your family and life and making gambling just for outside personal?

I have to completely agree with your analogy, very well said bud, indeed, a responsible person will also translate to a responsible gambler, which also means that, whatever we want to become in the physical, or outside, we have to first become it in the inward part of us, or inside of us as well.

Reminds me of a very popular parable in my place which if translated to English simply means that -  somebody starts looking beautiful or handsome from the house, then to the outside world, and not the other way round, which is, looking beautiful or handsome from outside, then to the inside "

So, for a gambler to become a responsible one, he or she should first of all become a responsible person, but then though, there is still a chance that some one who probably is considered no responsible by maybe his family or so, could as well be responsible when it comes to gambling, possibly because, he or she knows the risk involved with careless gambling, so he did rather be careless on his family, rather than be careless with gambling  Grin.

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