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Author Topic: Focus on how much you may lose and not only the potential win.  (Read 1969 times)
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March 18, 2024, 08:52:06 AM
 #281

I agree, it's important to have clear plans and set limits. This way you are prepared of what you can afford to lose from your potential losses. Losses can lead to reckless gambling behavior and financial harm, so always practice responsible gambling to maintain control and prevent excessive losses.
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March 18, 2024, 03:34:41 PM
 #282


You can only make a good decision when it comes to your gambling habit if you have a breakdown list of amounts of your winnings and losses, so sometimes it's okay to check it or make it a habit to do it especially if you know on your own that you are consistent with gambling, like you gamble everyday, you need expenses monitoring but if you only gamble rarely, you don't need to do this.
Monitoring our own activities is a peak of awareness. Keeping track of gambling outcomes allows you to identify patterns and trends in your behavior. If you have a clear record of your wins and losses, it enables you to recognize any emerging patterns of excessive gambling or risky behavior. This awareness empowers you to intervene early and make informed decisions to mitigate potential harm.

Effective expense monitoring is fundamental to managing your gambling budget responsibly. Maintaining a list of gambling expenditures gains insight into the financial commitments and can allocate funds accordingly. This helps to prevent overspending and ensure that you maintain control over your gambling expenses. Reviewing winnings and losses provides valuable feedback on overall risk exposure. This introspective process facilitates personal growth and empowers you to make more mindful choices in managing your gambling behavior. Gamblers need to minimize the likelihood of experiencing adverse consequences associated with problematic gambling behavior.

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April 19, 2024, 11:45:56 PM
 #283

This is common thoughts that comes in gambler mind, after winning a decent amount from gambling. Not only gamblers, but most of people have such nature to want more and more even after having a lot. But greediness is a curse for gambling cause thus a gambler do inject limitless money so that they could have maximum possible return but if they lost the match then they also lost all the money together. So they should focus to calculate risk before staking on gambling and need to be cautious of how much they are afford to lose. Thus is how it would be possible to avoid big losses. Otherwise a only thing that a Gambler will have to do is "regret for his decision"  

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April 20, 2024, 12:09:12 AM
 #284

In short, it's everyone's greed. When we win, we often regret why we didn't bet more money, and when we lose, we blame ourselves, why did we bet so much money? It is a vicious circle that we tie ourselves in, unable to escape without giving up our greed. Before gambling, few people can think about the risks they face if they lose, usually they only think about how much money they will win.
The phrases "Risk and Reward" (R/R) always go together, and it's no coincidence that they put the word "Risk" before the word "Reward", right? The main meaning is want us to think about risk before thinking about reward, but most of us do the opposite Grin

Its funny but true that "Risk" does indeed come before "Reward" in that phrase, and for good reason. Before diving into a bet, it's so important to assess what you're willing to lose before getting caught up in the potential winnings. It keeps you grounded.
Keeping a positive and balanced perspective, focusing on smart, measured bets, and enjoying the thrill of the game.
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April 20, 2024, 12:10:46 AM
 #285

There are gamblers that have a bad plan or no plan at all about their life, they gamble with whatever amount they have rather than what they can afford to lose that won't be a worry to them if lost. There's this thought that am sure almost every gambler that have won a bet before must have had. which is the thought of "had I knew this game was going to win  I would have used bigger amount of money to wager".

A situation where the stake for the bet he won was $1k, the next statement you hear is how wish I knew I would have staked with $5k. The question is, the $5k is it an amount of money that you can be comfortable losing or it's just out of greed that you are not contented with the win amount the $1k gave you.

The fact that you won  using $1k today doesn't give assurance that if you had used higher amount or that your next bet that you probably increased the wager in order to win a bigger amount will play. As gamblers let not focus all attention on the amount that we may by chance of luck win but on what we are to lose should we fail to win the bet, in that way we won't spend on gambling above what we can afford to lose.
Stay in check!

It's super common to get caught up in the "what if" game, especially after a win. Thinking about what could have been if you'd bet more is a classic gambler's trap. It’s really easy to start fantasizing about bigger risks for bigger rewards, but that can lead you down a risky path where you might start betting more than you can afford to lose.

Sticking to a budget that won’t leave you stressed if you lose is key. It’s all about balance and not letting the excitement or greed cloud your judgment. I always remind myself to bet with my head, not over it. Wins feel great, sure, but the peace of mind knowing I’m only playing within my limits is worth more than any potential big payout.

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April 20, 2024, 05:30:46 AM
 #286

Many people start playing only under the influence of emotions. They don't really have any game plan. I assume they will simply enjoy the process itself. At the same time, of course, it is very difficult to get pleasure from losing. But nevertheless, they do not derive pleasure from positive emotions, but simply from strong emotions. But having received many losses, over time they begin to think about certain aspects of the game. This is a kind of decentralized gambling university. Good knowledge in the field of games does not fall from the sky. It must be acquired gradually, along with experience. And experience always means losses.
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April 20, 2024, 06:44:40 AM
 #287

Many people start playing only under the influence of emotions. They don't really have any game plan. I assume they will simply enjoy the process itself. At the same time, of course, it is very difficult to get pleasure from losing. But nevertheless, they do not derive pleasure from positive emotions, but simply from strong emotions. But having received many losses, over time they begin to think about certain aspects of the game. This is a kind of decentralized gambling university. Good knowledge in the field of games does not fall from the sky. It must be acquired gradually, along with experience. And experience always means losses.
Some also have a game plan but  along the way they will be tested and they cannot control their emotion, that's when the game plan has become useful. I know a lot of people like that, they'll discuss what to do before the game but they got lost when they are in the game especially when they are experiencing a losing streak.

So it's really important to have a game plan + discipline in order to execute it correctly, otherwise, we will never win in gambling.

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April 20, 2024, 08:37:54 AM
 #288

Many people start playing only under the influence of emotions. They don't really have any game plan. I assume they will simply enjoy the process itself. At the same time, of course, it is very difficult to get pleasure from losing. But nevertheless, they do not derive pleasure from positive emotions, but simply from strong emotions. But having received many losses, over time they begin to think about certain aspects of the game. This is a kind of decentralized gambling university. Good knowledge in the field of games does not fall from the sky. It must be acquired gradually, along with experience. And experience always means losses.

No matter how experienced you can be as a gambler you still play games where luck plays a decent role in games where also skill is involved and 100% luck based games like slot machines who make everyone experience go down in ashes as the slots are programmed to make the casino win.It is true that we start playing from emotions as despite losing some consecutive bets and we start feeling sad it takes just one big win during that session to completely change our emotions to the feeling of expressive joy.That is what keeps us coming back,those huge wins out of a losing session,we all start with that in mind that despite knowing we will lose we hope that during such session to be the luck winner of an x10000 or x100000 max win multiplier,that is definitely what keep people coming back.

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April 20, 2024, 08:46:13 AM
 #289

Many people start playing only under the influence of emotions. They don't really have any game plan. I assume they will simply enjoy the process itself. At the same time, of course, it is very difficult to get pleasure from losing. But nevertheless, they do not derive pleasure from positive emotions, but simply from strong emotions. But having received many losses, over time they begin to think about certain aspects of the game. This is a kind of decentralized gambling university. Good knowledge in the field of games does not fall from the sky. It must be acquired gradually, along with experience. And experience always means losses.
It's not even about winning anymore. They're addicted to the highs and lows, the gut-punches. This ain't your grandpa's poker night; it's full-blown emotional gambling. As they keep getting wrecked, they're learning the hard way; call it "decentralised gambling university" if you like. But this is a costly self-destruction course. Before bleeding out, how many hits can you take? How far down do you have to go before you realise this isn't right? I value experience, but there's got to be a better way. This is bad for your mental health and finances. Like playing financial chicken with a semi-truck, someone will lose big

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April 20, 2024, 09:38:37 AM
 #290

I agree, it's important to have clear plans and set limits. This way you are prepared of what you can afford to lose from your potential losses. Losses can lead to reckless gambling behavior and financial harm, so always practice responsible gambling to maintain control and prevent excessive losses.
I think this is where risk management comes in, we should always weigh both the tendency of losing and winning at the same time. If we keep observing our loses and gain on every bet, we are going to have limited loses compared to the winnings. Risky management it to be very effective if we want to earn from gambling and not just to make money and lose it back to gambling after a while. We need to be conscious of ways we could lose money in betting. We don't have to be over relaxed on winning bets alone, also losing should be a thing one need to work on so that things are not going to get worse with time.

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April 20, 2024, 10:40:04 AM
 #291

This is common thoughts that comes in gambler mind, after winning a decent amount from gambling. Not only gamblers, but most of people have such nature to want more and more even after having a lot. But greediness is a curse for gambling cause thus a gambler do inject limitless money so that they could have maximum possible return but if they lost the match then they also lost all the money together. So they should focus to calculate risk before staking on gambling and need to be cautious of how much they are afford to lose. Thus is how it would be possible to avoid big losses. Otherwise a only thing that a Gambler will have to do is "regret for his decision"  
If someone can wins from gambling, his minds will thinks that he can wins more money so he will continue playing gambling to chase the next wins. But unfortunately, that doesn't guarantee to happens as in gambling, we can wins many times but we will lose many times. We must realizes that so we can prevents the big lose and will not takes a big risk losing more money and only used some money that we can afford. But people becomes greedy when they wins and will not realizes that they must stops immediately after their wins or lose so they can avoids the next lose. They must knows how big the risk that they can gets if they continue playing gambling so with the wins money that they already gets, that will be enough for them. Besides that, they still have another time to playing gambling and not just in that day so they must stops their gambling activity before something bad happens to them.

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April 20, 2024, 11:11:16 AM
 #292

This is common thoughts that comes in gambler mind, after winning a decent amount from gambling. Not only gamblers, but most of people have such nature to want more and more even after having a lot. But greediness is a curse for gambling cause thus a gambler do inject limitless money so that they could have maximum possible return but if they lost the match then they also lost all the money together. So they should focus to calculate risk before staking on gambling and need to be cautious of how much they are afford to lose. Thus is how it would be possible to avoid big losses. Otherwise a only thing that a Gambler will have to do is "regret for his decision"  
That is the problem with us most because we feel no contentment in life but always asking for more. We ain't no surprised why many gamblers keep losing because of such a wrong way of understanding gambling as they think that the more they spend time gambling, the more they earn. Unfortunately, gambling does not encourage gamblers to do that but rather be responsible gamblers. There is no regret if we are all responsible and take the right approach but if we deem it to take the wrong way, that absolutely takes us to the losing situation.
If we can control our greediness, we are also winning.

R


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April 20, 2024, 12:11:53 PM
 #293

Many people start playing only under the influence of emotions. They don't really have any game plan. I assume they will simply enjoy the process itself. At the same time, of course, it is very difficult to get pleasure from losing. But nevertheless, they do not derive pleasure from positive emotions, but simply from strong emotions. But having received many losses, over time they begin to think about certain aspects of the game. This is a kind of decentralized gambling university. Good knowledge in the field of games does not fall from the sky. It must be acquired gradually, along with experience. And experience always means losses.
It's not even about winning anymore. They're addicted to the highs and lows, the gut-punches. This ain't your grandpa's poker night; it's full-blown emotional gambling. As they keep getting wrecked, they're learning the hard way; call it "decentralised gambling university" if you like. But this is a costly self-destruction course. Before bleeding out, how many hits can you take? How far down do you have to go before you realise this isn't right? I value experience, but there's got to be a better way. This is bad for your mental health and finances. Like playing financial chicken with a semi-truck, someone will lose big

Players face multiple downplays and are prone to failing, yes, but that doesn't imply everyone would end up this way. You in multiple responses sound like gambling responsibly doesn't exist. The destruction you've pointed out is crystal clear and known to every player. But, within our reach, they're lots of gamblers who don't experience the mental illness caused by gambling. Greed is a neglected factor in this response of yours, that causes the problem you seem to use in defining gambling. A "decentralized gambling university" is a term for the first I'm seeing, but in a lay man's understanding, it shows how gambling affects players individually according to how they participate in the game. Players who don't get satisfied with what they own, will get into problem gambling. So, if an ungrateful player regrets every wager of his, he'd probably throw in some money that'll appear to him, after, as a huge mistake. Hence this behavior helps in elaborating more about the individual consequences players have to face in gambling. Not all players will bleed out in pain on the long run. The choice relies on a gambler's reaction to impulse.

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April 20, 2024, 12:37:51 PM
 #294

In short, it's everyone's greed. When we win, we often regret why we didn't bet more money, and when we lose, we blame ourselves, why did we bet so much money? It is a vicious circle that we tie ourselves in, unable to escape without giving up our greed. Before gambling, few people can think about the risks they face if they lose, usually they only think about how much money they will win.
The phrases "Risk and Reward" (R/R) always go together, and it's no coincidence that they put the word "Risk" before the word "Reward", right? The main meaning is want us to think about risk before thinking about reward, but most of us do the opposite Grin

Its funny but true that "Risk" does indeed come before "Reward" in that phrase, and for good reason. Before diving into a bet, it's so important to assess what you're willing to lose before getting caught up in the potential winnings. It keeps you grounded.
Keeping a positive and balanced perspective, focusing on smart, measured bets, and enjoying the thrill of the game.
Gambling is high risk and difficult to balance that's why you should bet based on your ability. Harm from gambling can take many forms, including financial difficulties mental health problems relationship problems and problems at work. Gambling losses are more common than many people think. It is possible to enjoy everything only if you have the ability to control yourself with a positive attitude. Gamblers who cannot control themselves cannot enjoy the fun.

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SPIN

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April 20, 2024, 01:01:12 PM
 #295

Agree to that, however gambling is always about a game of probability or what I mean is a game of "possibility" which is a fact that winning is nothing more than a chance and losing is a certain thing and I think we should all understand that.
In this case, it is only natural that, for example, wins come occasionally and can never be predicted because wins will only come by chance when you are really lucky.

Gambling is full of uncertainty, which means this is the reason why gambling should not and cannot be used as a place to make money because it is an impossible idea and we often see that gamblers who come with the intention of making money end up suffering a lot of loss of money. Therefore, it is clear that it is better for us to focus on the possibility of losing rather than chasing something that has absolutely no certainty or guarantee, such as winning, and the point is that the best approach is to prioritize risk management because this is how we will avoid bad possibilities such as problems that arise. when you have fallen into addiction.

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Onyeeze
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April 20, 2024, 01:09:59 PM
 #296

This is common thoughts that comes in gambler mind, after winning a decent amount from gambling. Not only gamblers, but most of people have such nature to want more and more even after having a lot. But greediness is a curse for gambling cause thus a gambler do inject limitless money so that they could have maximum possible return but if they lost the match then they also lost all the money together. So they should focus to calculate risk before staking on gambling and need to be cautious of how much they are afford to lose. Thus is how it would be possible to avoid big losses. Otherwise a only thing that a Gambler will have to do is "regret for his decision"  
That is the problem with us most because we feel no contentment in life but always asking for more. We ain't no surprised why many gamblers keep losing because of such a wrong way of understanding gambling as they think that the more they spend time gambling, the more they earn. Unfortunately, gambling does not encourage gamblers to do that but rather be responsible gamblers. There is no regret if we are all responsible and take the right approach but if we deem it to take the wrong way, that absolutely takes us to the losing situation.
If we can control our greediness, we are also winning.
any Gambler is a greedy person and that is why sometimes gamblers do lose and whatever thing they are doing some people lose out of greediness and some people also continue to lose because of greediness too, when someone is desperate to recover whatever it has lost through gambling that is exactly one of the problem we have and they what makes us to have such problem or such thinking is because of greediness, let us try to no that if you are into gambling you will lose and you also gain and the probability of you as a gambler winning more than you lose is very poor but the probability of you losing high than what you win is high, so gambling is a game of risk and is not predictable

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April 20, 2024, 01:18:58 PM
 #297

There are gamblers that have a bad plan or no plan at all about their life, they gamble with whatever amount they have rather than what they can afford to lose that won't be a worry to them if lost. There's this thought that am sure almost every gambler that have won a bet before must have had. which is the thought of "had I knew this game was going to win  I would have used bigger amount of money to wager".

A situation where the stake for the bet he won was $1k, the next statement you hear is how wish I knew I would have staked with $5k. The question is, the $5k is it an amount of money that you can be comfortable losing or it's just out of greed that you are not contented with the win amount the $1k gave you.

The fact that you won  using $1k today doesn't give assurance that if you had used higher amount or that your next bet that you probably increased the wager in order to win a bigger amount will play. As gamblers let not focus all attention on the amount that we may by chance of luck win but on what we are to lose should we fail to win the bet, in that way we won't spend on gambling above what we can afford to lose.
Stay in check!
One should focus on increasing their overall bankroll while limiting risk and exercising self-control. However, there are times when indulging in a spirited gambling session can be enjoyable. Occasionally, I deviate from the plan and take a calculated gamble.
danherbias07
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April 20, 2024, 03:19:42 PM
 #298

I agree, it's important to have clear plans and set limits. This way you are prepared of what you can afford to lose from your potential losses. Losses can lead to reckless gambling behavior and financial harm, so always practice responsible gambling to maintain control and prevent excessive losses.
Yeah, that's right. The good thing is, that gambling platforms do offer this feature now.
For example, Stake.com has a responsible gambling feature where you can limit your gambling amount. https://stake.games/responsible-gambling/gambling-limits
If one needs a break, they also have the Self-exclusion feature - https://stake.games/responsible-gambling/exclusion
They are also promoting responsible gambling by giving tips for effective gambling management.
https://stake.games/responsible-gambling/stake-smart
Quote
5 Tips For Effective Management Of Your Gambling Activities
-Effective management of your gambling activities can be done by prioritizing other recreational activities too
-Before a gambling session, have a plan in mind of how much you want to spend gambling, and how long you will be gambling for
-Do not spend more than what you can afford to lose
-Understanding the odds and knowing the risks associated with gambling
-Identify when you are no longer having fun or where gambling has become a problem for you, and stop
-Set loss limits, wager limits to assist with managing your gambling activities

I doubt many gamblers do read these things but it's important that we know them just so we can try and be responsible gamblers. I know it's easy to say but difficult to do. But will we lose in trying? We are only the ones who can control ourselves on when to continue or stop. It's better if we assess our own habits if we are crossing the line or not.

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Accardo
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April 20, 2024, 07:04:50 PM
 #299

Gambler is a greedy person and that is why sometimes gamblers do lose and whatever thing they are doing some people lose out of greediness and some people also continue to lose because of greediness too, when someone is desperate to recover whatever it has lost through gambling that is exactly one of the problem we have and they what makes us to have such problem or such thinking is because of greediness, let us try to no that if you are into gambling you will lose and you also gain and the probability of you as a gambler winning more than you lose is very poor but the probability of you losing high than what you win is high, so gambling is a game of risk and is not predictable

Greediness is nearly every human's behavior, if not, a jackpot winner, wouldn't gamble again. Players wager back their jackpot earnings, despite having enough. We all seek for more money once what we once wished for is gotten. The casino uses this human reaction towards money to milk back all their money including the player's savings. While gambling, it's important to have in mind the game is connected to our emotions. Humans emotionally crave money or fantasies, a place where money is flashed to people will make them involuntarily want to go there.

Out of greed, most players will choose to frequent such places where gambling is practiced. Till they're not able to stop visiting the place or online platform. Also, those reactions happen unknowingly to the player, at a level he would control his choices of whether to visit there or not. I don't think addiction allows its victim the luxury of calculating their expenses. Win or lose doesn't mean a thing to them, the player may need extra bodies to help him detect his troubles. That's the advantage of opening up to people about our gambling habit. People can easily watch over our behaviors.

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Mahanton
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April 20, 2024, 07:23:41 PM
 #300

Gambler is a greedy person and that is why sometimes gamblers do lose and whatever thing they are doing some people lose out of greediness and some people also continue to lose because of greediness too, when someone is desperate to recover whatever it has lost through gambling that is exactly one of the problem we have and they what makes us to have such problem or such thinking is because of greediness, let us try to no that if you are into gambling you will lose and you also gain and the probability of you as a gambler winning more than you lose is very poor but the probability of you losing high than what you win is high, so gambling is a game of risk and is not predictable

Greediness is nearly every human's behavior, if not, a jackpot winner, wouldn't gamble again. Players wager back their jackpot earnings, despite having enough. We all seek for more money once what we once wished for is gotten. The casino uses this human reaction towards money to milk back all their money including the player's savings. While gambling, it's important to have in mind the game is connected to our emotions. Humans emotionally crave money or fantasies, a place where money is flashed to people will make them involuntarily want to go there.

Out of greed, most players will choose to frequent such places where gambling is practiced. Till they're not able to stop visiting the place or online platform. Also, those reactions happen unknowingly to the player, at a level he would control his choices of whether to visit there or not. I don't think addiction allows its victim the luxury of calculating their expenses. Win or lose doesn't mean a thing to them, the player may need extra bodies to help him detect his troubles. That's the advantage of opening up to people about our gambling habit. People can easily watch over our behaviors.
There are tons of situations or happenings that those jackpot winners did really lose all of their money back into the casino or gambling itself.When it comes to greed then this is something that always been part of human nature or behavior on which on the time that we are speaking or talking about money then this is something that makes us interested and would really be keeping on dealing with it until the very end.
Its true that people should focus up that much into the possible loses that they would get or would be able to make instead on thinking about being a winner because once you do have this kind of awareness in mind
then you could really just that completely stop yourself if you wanted to or on the time that you've seen that you are already making profits but since you could be able to stop but doesnt mean that you wont really be coming back to gambling again on another day. This has been always the scenario that you would really be tending to deal up with. Make use of the amount that you can afford to lose as always so that you wont really be that making yourself that get stressed too much.


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