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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 3790 times)
topbitcoin
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January 10, 2024, 10:23:55 PM
 #341

~
What drives us from doing that is thinking we can make more winnings if we gamble more. That certainly manipulates our minds and instead of following our plan, we are now following our emotions. This is a common mistake by most as we think it is just our winning money, nothing it hurts if I use them to gamble. And even if we feel regret for doing this it still happens again and again --that is how gambling could change our plan and give directives on our minds.

Sometimes, I find myself unable to cease contemplating our own conduct in the realm of gambling. It is a perplexing phenomenon, where we frequently encounter defeat and subsequently feel remorseful for our ill-advised actions. However, despite this remorse, the following day we find ourselves drawn back into the realm of gambling and engaging in play once again. The allure of returning lies in the faint glimmer of hope that by doing so, we may be granted the possibility of triumph and recuperate the past losses we have suffered.

Gambling is quite risky, with a high chance of losing. Therefore, it would be beneficial if we could exhibit more wisdom in our gambling endeavors. Even if we can't secure a victory or gain profit, we should strive to at least reduce the possibility of enduring major losses. By practicing self-control and managing our finances wisely, we can consistently mitigate the downsides associated with gambling.

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January 11, 2024, 03:16:16 AM
 #342

I think that it should be a habit that gamblers should discipline themselves on to make sure that the moment there is a big win, the money should be used to invest or buy something that is worth buying. This will encourage gamblers to always withdraw their wins after they have accumulated it in their casino wallet. It will help to reduce losses.

However, if that gambler thinks that he must always gamble, then he can leave a little amount in his wallet to gamble whenever he wants to because it will be impossible for a gambler to win big and quite gambling immediately. This is rare, since they will think that they can win a bigger amount than the first one

In my opinion, the problem is awareness, many of them have won big but don't cash it out, because I think they are like that because of the greed factor and a sense of dissatisfaction which encourages them to gamble again after getting a big win. and before celebrating the winnings that they have obtained, I think they must first have an awareness of this, and also have good self-control, because if they do not have good self-control, it is very likely that they will not cash in the winnings that they have obtained.

For this reason I also do it sometimes, when I'm gambling then I feel bored, I immediately leave gambling leaving money in the casino wallet and I don't care about it because I'm already bored I don't think much about what to do. another, and I returned after having the urge to gamble again.

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January 11, 2024, 06:27:19 AM
 #343

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.
[/quote]

You make a good point but I believe forex trading is way much better than gambling at least in forex trading you have a higher winning percentage if you do proper analysis while gambling is simply a game of lurk.
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January 11, 2024, 08:24:14 AM
 #344

There are many gamblers around the world and they have different perspective and different way of handling their emotions some of them are when playing and after a big win they will stop or pause for a while cause they have the perspective that once they win a big amount they must stop inorder to prevent more losses. While other gambler can not control their emotions and when they are playing and win they don't mind anything and still betting and betting without knowing that after a big win they will loss and loss until all theirs money got loss.
If you're giving out only two examples of gamblers then that means that your claim that there are many gamblers that have a different perspective isn't true then? In terms of perspective, yes that can be true as each individual was raised differently and came from different environments but I don't think that you're wrong about those two examples and I think they're the only kind of gambler or that you can group gamblers in that two category, maybe if we dissect the nuances of each side, maybe that's when you're right that there's different kinds of gambler.

Responsible gambling in my opinion is relative to how much money you've got and how much you value the money that you've got, if you're the kind of person that doesn't mind losing a lot of money but you've got a lot of money then I don't think that you can ever be responsible and it's true with the opposite, that you're totally responsible with your gambling habits if you value the money that you put into it.
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January 11, 2024, 11:23:31 AM
 #345

There are many gamblers around the world and they have different perspective and different way of handling their emotions some of them are when playing and after a big win they will stop or pause for a while cause they have the perspective that once they win a big amount they must stop inorder to prevent more losses. While other gambler can not control their emotions and when they are playing and win they don't mind anything and still betting and betting without knowing that after a big win they will loss and loss until all theirs money got loss.
If you're giving out only two examples of gamblers then that means that your claim that there are many gamblers that have a different perspective isn't true then? In terms of perspective, yes that can be true as each individual was raised differently and came from different environments but I don't think that you're wrong about those two examples and I think they're the only kind of gambler or that you can group gamblers in that two category, maybe if we dissect the nuances of each side, maybe that's when you're right that there's different kinds of gambler.

Responsible gambling in my opinion is relative to how much money you've got and how much you value the money that you've got, if you're the kind of person that doesn't mind losing a lot of money but you've got a lot of money then I don't think that you can ever be responsible and it's true with the opposite, that you're totally responsible with your gambling habits if you value the money that you put into it.

Yeah right, how much money you got and how you taking care of that money, being responsible means that you are using an amount that you really save for your gambling and not to exceed on it, winning is just  aplus but more on enjoying and pleasing that lust to play the game, it's not aiming for huge profits as most of the time it really lead you to lose more and push you to become addicted to the game.

Making sure that you can handle that pressure and you are in control to whatever emotions you feel not to allow yourself losing more money.

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January 11, 2024, 12:57:53 PM
 #346

There are many gamblers around the world and they have different perspective and different way of handling their emotions some of them are when playing and after a big win they will stop or pause for a while cause they have the perspective that once they win a big amount they must stop inorder to prevent more losses. While other gambler can not control their emotions and when they are playing and win they don't mind anything and still betting and betting without knowing that after a big win they will loss and loss until all theirs money got loss.
If you're giving out only two examples of gamblers then that means that your claim that there are many gamblers that have a different perspective isn't true then? In terms of perspective, yes that can be true as each individual was raised differently and came from different environments but I don't think that you're wrong about those two examples and I think they're the only kind of gambler or that you can group gamblers in that two category, maybe if we dissect the nuances of each side, maybe that's when you're right that there's different kinds of gambler.

Responsible gambling in my opinion is relative to how much money you've got and how much you value the money that you've got, if you're the kind of person that doesn't mind losing a lot of money but you've got a lot of money then I don't think that you can ever be responsible and it's true with the opposite, that you're totally responsible with your gambling habits if you value the money that you put into it.

Yeah right, how much money you got and how you taking care of that money, being responsible means that you are using an amount that you really save for your gambling and not to exceed on it, winning is just  aplus but more on enjoying and pleasing that lust to play the game, it's not aiming for huge profits as most of the time it really lead you to lose more and push you to become addicted to the game.

Making sure that you can handle that pressure and you are in control to whatever emotions you feel not to allow yourself losing more money.

Exactly, besides being responsible means that you can consider something to make a wise decision, if indeed you managed to get a win in one of the sessions you did it means that you can save some or half of the money to gamble next time and the rest for you to enjoy by partying with friends or enjoying yourself, I think it's not a win if you can't enjoy it, On the other hand getting a win from gambling is not easy, there will be a lot you sacrifice such as capital money, time and even mentally, so therefore when you do manage to get a win then obviously there is nothing better than cashing in and enjoying it, you should really appreciate your own efforts even though it is basically gambling and your victory depends on luck.

So I think the better scenario to approach is like this, first don't put any expectations on winning, and secondly stay firm on boundaries and good self-control along with always putting small amounts and limiting involvement, you must understand that gambling always depends on how lucky you are at that time, so it's useless if you do a lot of experiments if in fact you are unlucky then it will only make you suffer a number of losses. All that you can really do when you gamble with a good level of awareness.

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January 12, 2024, 01:18:25 PM
 #347

There are many gamblers around the world and they have different perspective and different way of handling their emotions some of them are when playing and after a big win they will stop or pause for a while cause they have the perspective that once they win a big amount they must stop inorder to prevent more losses. While other gambler can not control their emotions and when they are playing and win they don't mind anything and still betting and betting without knowing that after a big win they will loss and loss until all theirs money got loss.
If you're giving out only two examples of gamblers then that means that your claim that there are many gamblers that have a different perspective isn't true then? In terms of perspective, yes that can be true as each individual was raised differently and came from different environments but I don't think that you're wrong about those two examples and I think they're the only kind of gambler or that you can group gamblers in that two category, maybe if we dissect the nuances of each side, maybe that's when you're right that there's different kinds of gambler.

Responsible gambling in my opinion is relative to how much money you've got and how much you value the money that you've got, if you're the kind of person that doesn't mind losing a lot of money but you've got a lot of money then I don't think that you can ever be responsible and it's true with the opposite, that you're totally responsible with your gambling habits if you value the money that you put into it.

Yeah right, how much money you got and how you taking care of that money, being responsible means that you are using an amount that you really save for your gambling and not to exceed on it, winning is just  aplus but more on enjoying and pleasing that lust to play the game, it's not aiming for huge profits as most of the time it really lead you to lose more and push you to become addicted to the game.

Making sure that you can handle that pressure and you are in control to whatever emotions you feel not to allow yourself losing more money.

Exactly, besides being responsible means that you can consider something to make a wise decision, if indeed you managed to get a win in one of the sessions you did it means that you can save some or half of the money to gamble next time and the rest for you to enjoy by partying with friends or enjoying yourself, I think it's not a win if you can't enjoy it, On the other hand getting a win from gambling is not easy, there will be a lot you sacrifice such as capital money, time and even mentally, so therefore when you do manage to get a win then obviously there is nothing better than cashing in and enjoying it, you should really appreciate your own efforts even though it is basically gambling and your victory depends on luck.

So I think the better scenario to approach is like this, first don't put any expectations on winning, and secondly stay firm on boundaries and good self-control along with always putting small amounts and limiting involvement, you must understand that gambling always depends on how lucky you are at that time, so it's useless if you do a lot of experiments if in fact you are unlucky then it will only make you suffer a number of losses. All that you can really do when you gamble with a good level of awareness.

It is very good advice, though, and I would say that we always seek to win, but keeping our feet on the ground, for me that is the most important thing to win and to take into account all the things to take into account for this to be good, however, we always have Let's try to do something that is within our reach, it would be before playing, having money completely willing to lose, if it is done this way the entire balance is being controlled, and it is the most necessary thing to do before playing in any casino, be it a casino online or one that is physical, for me that is the main thing, not doing anything but seeing how much money we are willing to lose and not imagining that we are going to multiply it or something, because in the game things may not turn out to be like that and that is the The biggest problem of all newbies, imagining that they can do many things with their money, including thinking that it is 100usd to take it to 1000usd, unless you play in a slot and you are very lucky, that is what can happen.

Now what we can always keep in mind is that in every casino there will always be the house advantage, that we are players who are fighting to win in view of that and the complexity of the game, therefore it is not a good idea to have false illusions. to win, because it is not like that, one has to understand something, we are always eager to win, to show that things are possible but taking into consideration that things must be controlled, especially in money, I have said many times that someone without money in a casino then the party is over, if you have at least one dollar, then you still have life, unless you are in a casino where you play with fake money and that is something else, but Usually without money, what are we going to do? We can't do anything, we can't play, we can't aspire to do something to be able to have or make a difference, that's all we have to see.

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January 12, 2024, 02:35:08 PM
 #348


You make a good point but I believe forex trading is way much better than gambling at least in forex trading you have a higher winning percentage if you do proper analysis while gambling is simply a game of lurk.
But in gambling you have a bigger chance of increasing your win if Luck be friends with you so its a
decision for us to choose , I don't know forex , I dont even better in trading but I also not a gambler)at least not an addicted.
but one thing that matters in this section? is that people talks about gambling and not forex or anything lol.

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January 12, 2024, 02:53:00 PM
 #349


You make a good point but I believe forex trading is way much better than gambling at least in forex trading you have a higher winning percentage if you do proper analysis while gambling is simply a game of lurk.
But in gambling you have a bigger chance of increasing your win if Luck be friends with you so its a
decision for us to choose , I don't know forex , I dont even better in trading but I also not a gambler)at least not an addicted.
but one thing that matters in this section? is that people talks about gambling and not forex or anything lol.
Luck is an important factor for us if we want to be having consistent winnings when gambling. We could keep winning without evening know if the luck is good enough to keep us betting with a winning mindset. Trading can be similar to gambling but this is very different from each other since in gambling, one does not need that level of skills to be able to keep winning.
Even newbie gamblers can still be winning consistently without even knowing some of the rules that could trigger constant profits.
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January 12, 2024, 06:17:43 PM
 #350


You make a good point but I believe forex trading is way much better than gambling at least in forex trading you have a higher winning percentage if you do proper analysis while gambling is simply a game of lurk.
But in gambling you have a bigger chance of increasing your win if Luck be friends with you so its a
decision for us to choose , I don't know forex , I dont even better in trading but I also not a gambler)at least not an addicted.
but one thing that matters in this section? is that people talks about gambling and not forex or anything lol.
Honestly, i'm still really surprised why there are still quite a lot of people who compare forex and gambling, it's really different, after all gambling activities involve luck while forex trading activities involve analytical skills, patience, strategy and market fundamentals.  If we use a search on Google, there will be quite a lot of people who have succeeded in changing their lives from gambling because they are able to manage their gambling very well and are also able to take advantage of all kinds of opportunities that arise.

-To gamble, we have to prepare an appropriate budget and also the money we can lose
-Don't gamble with borrowed money
-Gambling requires paying attention to time, don't gamble excessively


Gambling is not a bad activity as long as you don't lose money, use good management skills so that every gambling you do has a good impact.

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January 12, 2024, 07:14:44 PM
 #351


You make a good point but I believe forex trading is way much better than gambling at least in forex trading you have a higher winning percentage if you do proper analysis while gambling is simply a game of lurk.
But in gambling you have a bigger chance of increasing your win if Luck be friends with you so its a
decision for us to choose , I don't know forex , I dont even better in trading but I also not a gambler)at least not an addicted.
but one thing that matters in this section? is that people talks about gambling and not forex or anything lol.
Luck is an important factor for us if we want to be having consistent winnings when gambling. We could keep winning without evening know if the luck is good enough to keep us betting with a winning mindset. Trading can be similar to gambling but this is very different from each other since in gambling, one does not need that level of skills to be able to keep winning.
Even newbie gamblers can still be winning consistently without even knowing some of the rules that could trigger constant profits.

that's true, but what you have to pay attention to is that luck will not come with certainty by guessing and it is also unlikely that it will last long so winning at gambling due to luck cannot possibly be consistent, I'm not sure I can continue to win at gambling even if I use tricks or patterns and strategies, because basically gambling is a game of chance.

discussing skills, in my opinion, they are needed even in gambling, because not all gambling only depends on luck, there are also some gambling games where you have to have skills to be able to play it and to increase your chances of winning, but most people nowadays prefer gambling that only relies on luck. just like slot gambling. This type of gambling is played by many people, especially nowadays, because in my opinion this type of gambling does not require good skills to play, just understanding how the machine works is enough, and the rest is up to luck which will determine whether you win or not.

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January 12, 2024, 08:28:03 PM
 #352

But in gambling you have a bigger chance of increasing your win if Luck be friends with you
That's very true without favor from luck one can't increase their winnings unless they use some shady things which aren't acceptable at any cost. The luck is the main factor that decided either someone is going to win or not, someone with a good luck can win jackpots easily in gambling world while the others with weak luck tend to lose most of the times and get highly depressed after the losses.

Some of those also get addicted and they continue loosing again and again. That's why luck plays a very important role in deciding that whether someone is going to win or lose. But, I don't know how luck can be friends with someone. Do you know that how to make it your friend? If yes, then kindly share that secret with us as well.

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January 12, 2024, 08:45:06 PM
 #353


You make a good point but I believe forex trading is way much better than gambling at least in forex trading you have a higher winning percentage if you do proper analysis while gambling is simply a game of lurk.

Just like you like forex trading above gambling that is also how people criticize forex trading. So it is all about what is working for you to make some extra cash from your formal job like government work, private work or other business engagement and investment that is neither trading nor gambling.

However despite the criticism against both of them, their are people who still rely on hard work, patience and proper analysis for both to get an average correctness in gambling and trading. So we can't criticize one for the other.

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January 12, 2024, 08:55:13 PM
 #354

You make a good point but I believe forex trading is way much better than gambling at least in forex trading you have a higher winning percentage if you do proper analysis while gambling is simply a game of lurk.

What makes you think forex is more preferable in taking risk than gambling, if you have ever been into forex trading you will know the way people also make losses in it and there's nothing called fun in this one, gambling is a multi benefits experience we can have while at our leisure time, we gamble to have fun and to also earn from it, so it we don't earn we are not loosing because we have achieved the entertainment in it, and not like forex, you will be regretting loosing because it will get to a point it will becomes unbearable.

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January 12, 2024, 10:54:24 PM
 #355

Even newbie gamblers can still be winning consistently without even knowing some of the rules that could trigger constant profits.
Can you name just one of those rules that would trigger constant profit! I'm really eager to know which are those!
With all due respect: stop talking nonsense. There is nothing as a guaranteed profit in gambling and there is nothing like a profitable strategy. As a friendly advice: forget about this, it doesn't exist.
Also, stop comparing gambling with trading or forex, they are not the same.


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January 12, 2024, 11:44:03 PM
 #356


Exactly, besides being responsible means that you can consider something to make a wise decision, if indeed you managed to get a win in one of the sessions you did it means that you can save some or half of the money to gamble next time and the rest for you to enjoy by partying with friends or enjoying yourself, I think it's not a win if you can't enjoy it, On the other hand getting a win from gambling is not easy, there will be a lot you sacrifice such as capital money, time and even mentally, so therefore when you do manage to get a win then obviously there is nothing better than cashing in and enjoying it, you should really appreciate your own efforts even though it is basically gambling and your victory depends on luck.

So I think the better scenario to approach is like this, first don't put any expectations on winning, and secondly stay firm on boundaries and good self-control along with always putting small amounts and limiting involvement, you must understand that gambling always depends on how lucky you are at that time, so it's useless if you do a lot of experiments if in fact you are unlucky then it will only make you suffer a number of losses. All that you can really do when you gamble with a good level of awareness.

Stay firm to that limitation and not to exceed, that's for sure will continue your awareness and keep being responsible during your gambling session, not setting any expectation and just aiming to enjoy somehow also a good factor not to add any additional amount when you already lose the initial capital, it will not waste any time or any excess money.

You just need to keep being firm, gambling is more on self-control and how responsible you are not to dwell in any engagement that may trigger addiction.

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January 12, 2024, 11:59:21 PM
 #357

Regardless a gambler is always a gambler there is no two ways about that, many at times we have become so concerned about what other think or even how society sees us, and in light of that we tend to believe that since we are gambling, there is no responsibility in us, that is not so and we need to change that.



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gunhell16
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January 13, 2024, 11:51:22 AM
 #358

I think that it should be a habit that gamblers should discipline themselves on to make sure that the moment there is a big win, the money should be used to invest or buy something that is worth buying. This will encourage gamblers to always withdraw their wins after they have accumulated it in their casino wallet. It will help to reduce losses.

However, if that gambler thinks that he must always gamble, then he can leave a little amount in his wallet to gamble whenever he wants to because it will be impossible for a gambler to win big and quite gambling immediately. This is rare, since they will think that they can win a bigger amount than the first one

In my opinion, the problem is awareness, many of them have won big but don't cash it out, because I think they are like that because of the greed factor and a sense of dissatisfaction which encourages them to gamble again after getting a big win. and before celebrating the winnings that they have obtained, I think they must first have an awareness of this, and also have good self-control, because if they do not have good self-control, it is very likely that they will not cash in the winnings that they have obtained.

For this reason I also do it sometimes, when I'm gambling then I feel bored, I immediately leave gambling leaving money in the casino wallet and I don't care about it because I'm already bored I don't think much about what to do. another, and I returned after having the urge to gamble again.

I think that aside from awareness, there are others who, even though they know that they will win, will not be satisfied if they play gambling. And so the greed that a gambler has is bad. This is where they always chase their losses in gambling.

And this is something they must overcome, or else they may end up falling apart in the end. It is even possible to affect their family or friends in the end if it is not dealt with properly.



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January 13, 2024, 04:25:02 PM
 #359

You make a good point but I believe forex trading is way much better than gambling at least in forex trading you have a higher winning percentage if you do proper analysis while gambling is simply a game of lurk.
What I see here is that the two are so dangerous, only that gambling could be more dangerous. Even at that, it depends on how you engage the two because even as we are saying that gambling is worse, it is still being engaged by people with a reasonable amount of money, only that people often think that the amount they are committed is big, but when it comes to trading, you commit much more money to it without feeling it much, but that doesn't make it any better, it's only the way we feel about the two. But a good calculation and careful engagement between the two will go a long way as both can be productive when they are engaged well as this might bring out income in them.

For instance, about the way we will about the two, most people might invest $1,000 in forex trading per deposit, but in gambling, they might invest a lower amount, like say $200. And with this amount, they might bet between 1-20 times or more depending on the risk affinity of the person. And if they eventually lose the money in both gambling and Forex trading, they will still rate gambling as more risky due to its nature of it than Forex trading despite losing more in Forex trading. I hope you get the psychology behind that? This often happened to me, I would lose about $2,500 in Forex trading but it would not pain me much, but when I lose $250 in gambling, it pains me so much as if I lost more.

I just believe that it has to do without the mindset and our beliefs in the two but when it comes to the money we are gaining and losing in the two as well, they are not different if we lose or gain our money and mind us, lost is lost, no other way to call it. However, gambling and trading are not just the same things, and if you know how to trade very well, you get to enjoy it better and it will just be like free money to you and you will be at the top of your game especially if your psychology is good and you are a good account, money and risk manager.

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January 13, 2024, 07:53:37 PM
 #360

Regardless a gambler is always a gambler there is no two ways about that, many at times we have become so concerned about what other think or even how society sees us, and in light of that we tend to believe that since we are gambling, there is no responsibility in us, that is not so and we need to change that.
You are talking things responsibility on literal manner on which this is really indeed talking about responsible o the actions that you are making not on that community kind of view but
rather you would really be needing to make yourself to be responsible on how you would really be doing gambling. Of course there's no right for others to tell on what are the things that you should gonna do on which it would really be just that normal that be looking for some leisure on which gambling could fit out into that criteria. the main problem on here is that people do really
sees up different and act opposite on what are the things that must really be done to do so for you to make yourself that safe when it comes to potential risks.

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