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Author Topic: Gambling Management  (Read 3866 times)
Accardo
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March 11, 2024, 10:31:14 AM
 #261

It's not just one or two people who experience the same thing, after winning is in hand, the winning will definitely be lost again, even the initial capital will also be lost. I like the way you secure capital first after winning the game, yes at least it will prevent us from even bigger losses (at least we don't lose capital). However, this still cannot be used as an excuse because after all we have missed the victory that we should be able to enjoy.
We have to bet with rules and limits, I'm not the only one who says this. We must have rules and limits both when we lose and when we win. Because if we don't do this, there are only 2 possibilities that will happen, namely when we lose, we will lose even more, and when we win, we will lose our winnings. Therefore, it is very important to implement both, this will enable us to be responsible gamblers, whether we lose or win. Don't let emotions or greed control us.
Things like this shouldn't happen easily if we can do what we shouldn't do when gambling. But in reality, some people find it very difficult to control themselves in gambling, and that is always a basic problem in every gambling.

The gambler, definitely, losses to the house. But if he's able to take out some profits from his game, he wouldn't bother much about losing them all. Gamblers spend all without spending a dime on other utilities, which isn't fine for a player. When a player is able to enjoy his wins, he'd also feel happy about the game. Greediness is the reason for wagering all the wins, the player wants to earn more immediately. Self-control isn't attained through greed. The money is the first priority the gambler has in mind. Setting up rules, with no self-control to abide by the rules, is almost a wasted effort on the gambler's side. As he'd involuntarily wager his money, once his consciousness channels back to greed for huge wins.

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March 11, 2024, 10:44:50 AM
 #262

I think that the best strategy in relation to money in gambling and in trading is as follows: I enter a deposit on the gambling site and start playing on it. As soon as I make a profit, I withdraw the funds that I originally entered. The so-called "original body".
After that, I feel free to play with the remaining funds. To be honest, in practice I have not tried this in gambling, but in trading I do it all the time.
This way I always manage to make a profit and not risk the initial money.

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Oilacris
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March 11, 2024, 11:59:32 AM
 #263

I think that the best strategy in relation to money in gambling and in trading is as follows: I enter a deposit on the gambling site and start playing on it. As soon as I make a profit, I withdraw the funds that I originally entered. The so-called "original body".
After that, I feel free to play with the remaining funds. To be honest, in practice I have not tried this in gambling, but in trading I do it all the time.
This way I always manage to make a profit and not risk the initial money.
As it should be or the most basic thing that should be done but not all would really be able to do that or majority would really be doing the opposite. Why? they would really be coming after for making big profits on which we know that these things could really be only possible when you are really that doing gambling.They would really be only realizing on the time that they would be losing money
on which they could actually be able to stop those things to happen if they do really have that kind of management with their funds. Wrong things or decisions would really be resulting into wrong results or outcomes.

It isnt really that hard to determine your actions if you are really just that sensible on the things that you've been dealing off with.
If you do saw that this is something that could put you in harm, then why would really be proceeding on doing so?

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March 11, 2024, 12:02:53 PM
 #264

I think that the best strategy in relation to money in gambling and in trading is as follows: I enter a deposit on the gambling site and start playing on it. As soon as I make a profit, I withdraw the funds that I originally entered. The so-called "original body".
After that, I feel free to play with the remaining funds. To be honest, in practice I have not tried this in gambling, but in trading I do it all the time.


This would only be effective if you are good in gambling. Maybe we can be good in trading because we can learn and study the market, but gambling itself is so unpredictable, and the fact majority of us gamblers losses, that's a poor percentage of success for us.

Thing is, you are only referring to the winning you can get early, but in reality, not everyone wins at their first try, so how would that strategy work if that is the case. I think it's more realistic if we talk about a real deal bankroll, and use it over a span of time and see if you are profitable side or the lossing side.


Quote
This way I always manage to make a profit and not risk the initial money.
This doesn't work in real life gambling.


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March 11, 2024, 12:18:30 PM
 #265

You are not following the rule of gambling and with this pattern that you are gambling, you will just end up on losing a lot even if you gain profit you will definitely lose more , but your losses will be more than your profit, you just have to remove the act of greedy, understand that so many people that end up losing their money in betting is because they feel like they can get it all at the same time never understand that it’s a gradual process how would not understand that you will have to gamble wisely, you already know that gambling is risky. this situation and the pattern you are following over this  is very risky.



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March 11, 2024, 12:30:59 PM
 #266

“They just remember it, don't understand it.” Because if they really understand the rules and risks in gambling, then they will never ignore these rules and risks, where they will continue to try to continue playing responsibly and control their gambling activities and emotions well.

When gambling, it would be better if you only focus on trying to win the gambling you are doing, not chasing previous losses. and to prevent greater losses from occurring and falling into impulsive behavior, we must truly understand the limitations we have and also be able to limit ourselves from gambling activities.
If they remember it, then they must have understood it already although it does not mean that they will now do it. I admit that it happens to me. It's where I'm in a critical situation that I need to decide if I will stop or continue playing. I remember everything that I read about gambling, especially the ones where the odds are stacked against the players but at the end my greed wins and made continue the game.

The difference between remembering and understanding is that people who remember do not necessarily understand, but people who understand will definitely remember. If you only remember, it means you only recognize what you have experienced and the information you have obtained. but if you understand more than that, where the person is able to explore something more deeply, know the causes and effects, be able to draw conclusions and learn from what they experience. And when someone really understands it, then it will be quite easy for that person. can find solutions or ways out of problems and difficult situations they experience.
Quote
I think there are still things in this world/life that are only easy to achieve. In fact, one of it can also be gambling. I'm referring to PVP-based gambling and if our opponents are weaker than us although we might still exert an effort first in order to build up a good skill on that game.

From what you said, I think it is quite important for us to be able to sort and choose the type of gambling that we will play, because not all types of gambling are based on skill, and not all types of gambling are based entirely on the luck factor. But keep in mind that in every type of gambling that we play, it definitely involves the luck factor. And talking about PVP (Player vs Player) based gambling, its success often depends on the skills and strategies possessed by each individual. By continuing to improve our knowledge and skills in the games we participate in, this can help us become reliable gamblers. However, we need to remember that we should never underestimate our opponents, even if our opponents seem weak, we might be able to beat someone who is quite skilled, but to beat someone who is lucky enough, it seems quite difficult.
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March 11, 2024, 02:07:22 PM
 #267

If it's going to work for you that every time you win, you take back your bankroll then proceed to that plan that you've got and just keep doing what you've started through it. You have nothing to lose except the profit that you've made with your previous bets. If you keep doing this so, there is nothing for you to mourn when you are on the verge of losing. You just let it go and just accept the losses. Unlike if you are going to have it with so much profit together with the bankroll or capital that you have, you'd feel bad if you lose all of it.
So, every time that you're going to gamble then you have to check it that you're able to remove your bankroll when you win. And that is so whenever you proceed, you're only gambling with your profits and not anymore with the original amount that you're able to start with. Having that so will make you confident that you have nothing to worry about if things go south and the fate of yours didn't do good by that day. Start gambling with your profits, or you can actually do the opposite, you can take your profit and continue going on with your bankroll. Whichever is comfortable to you, you do it. That's how gambling is and whichever is effective to you then you have to make sure that it does work on you without having any regrets.
Your strategy sounds simple: play with the house's money, not yours. But isn't that a nice fantasy we've created? Of course, separating bankroll from earnings feels like a cushion against loss. Surprise: it's all the same game and risk. Your soothing approach avoids the basic issue: gambling is gambling, profits or not

You confidently claim this strategy leaves nothing to mourn. Loss, whether profit or capital, hurts the heart and wallet. We perform a mental gymnastic to soften the blow, which is intriguing. The core of your strategy? A risky and fateful dance. Comfortable? Perhaps. Effective? The question remains. Real gambling and life mastery is accepting risk without dividing funds. The gamble persists regardless of route. Managing expectations goes beyond economics

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March 11, 2024, 02:44:02 PM
 #268

If it's going to work for you that every time you win, you take back your bankroll then proceed to that plan that you've got and just keep doing what you've started through it. You have nothing to lose except the profit that you've made with your previous bets. If you keep doing this so, there is nothing for you to mourn when you are on the verge of losing. You just let it go and just accept the losses. Unlike if you are going to have it with so much profit together with the bankroll or capital that you have, you'd feel bad if you lose all of it.
So, every time that you're going to gamble then you have to check it that you're able to remove your bankroll when you win. And that is so whenever you proceed, you're only gambling with your profits and not anymore with the original amount that you're able to start with. Having that so will make you confident that you have nothing to worry about if things go south and the fate of yours didn't do good by that day. Start gambling with your profits, or you can actually do the opposite, you can take your profit and continue going on with your bankroll. Whichever is comfortable to you, you do it. That's how gambling is and whichever is effective to you then you have to make sure that it does work on you without having any regrets.

Then what happens when you have consecutive losses and then lose your bankroll? Over the internet, there are so many strategies but the reality is that nothing works well with gambling. I think that instead of strategizing to win, it is better to control your loss by ensuring that only 5% of your income is utilized in gambling. A gambler can control how much he spends on gambling but cannot control the outcome of the game. The reason is not farfetched. Gambling has always been a game of randomness and probability so predicting the outcome is almost impossible except you are lucky.

Since gambling involves luck, it justifies that no strategy can work. I have tried rollover with 1.50 odds to rollover the 1.50odds for 15 days but I didn’t win. I reduced the odd to 1.30 just to mitigate risk and still couldn’t complete the rollover. I advise you not to place your mind towards making money from gambling but rather use it as a pastime activity.

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March 11, 2024, 02:56:48 PM
 #269

I think that the best strategy in relation to money in gambling and in trading is as follows: I enter a deposit on the gambling site and start playing on it. As soon as I make a profit, I withdraw the funds that I originally entered. The so-called "original body".
After that, I feel free to play with the remaining funds. To be honest, in practice I have not tried this in gambling, but in trading I do it all the time.
This way I always manage to make a profit and not risk the initial money.

Exactly, that's the strategy I always think about, or I mean I think about the same thing as you when it comes to financial strategy. In any case, smart management is more advisable when it comes to money, especially when we're talking about gambling where there are possible risks that can never be tolerated, and it's obvious that choosing to cash out as soon as you get a win is a good idea that leads to preventive measures.

Cashing out as soon as possible and securing your initial stake and going back to play with the winnings is a smart and healthy way to gamble, this way you can slightly avoid the possibility of losing more. But unfortunately most gamblers can't do it, one of the reasons is obviously they find it difficult to ignore the greed that is in them, it all happens because they have excessive expectations of winning so that all they think about is "getting a bigger amount", they think that it is a good situation to act more aggressively, but unfortunately they don't know that luck will not always be able to last for a long time, which ultimately makes them lose all their initial capital along with the amount of winnings they managed to get.

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March 11, 2024, 09:49:03 PM
 #270

I think that the best strategy in relation to money in gambling and in trading is as follows: I enter a deposit on the gambling site and start playing on it. As soon as I make a profit, I withdraw the funds that I originally entered. The so-called "original body".
After that, I feel free to play with the remaining funds. To be honest, in practice I have not tried this in gambling, but in trading I do it all the time.
This way I always manage to make a profit and not risk the initial money.
This works in trading because as long as you have a good strategy sooner or later you will make more profits than what you lose, so eventually your profits will be so high that you can withdraw your seed capital and now you are trading with free money, but for most gamblers this is not possible as they do not have such strategy, so even if they got lucky and they did this, eventually their losses will accumulate and they will have to make another deposit at their favorite casino if they want to keep gambling.
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March 11, 2024, 10:53:24 PM
 #271

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks
Don't chase your losses, never try to overcome them because it's like a quicksand. When you try to cover your losses, you don't always manage to successfully do that. Sometimes, people lose, try to overcome losses, then lose again, then deposit more to overcome everything that they lost, then they lose again and finally are in such a bit of trouble that they become gambling addicts.

It's risky to bet all of your money on the next bet but it's also rewarding. If I were you, I would only bet on games where I am 100% sure but if there is really a 1% that tells you to not bet, then don't risk and bet on the next match. I don't think there are any other unique ways to grow your money, probably it's a good idea to sometimes play with different coins because during the bull run, your $$ will increase too.

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March 11, 2024, 11:39:27 PM
 #272

This works in trading because as long as you have a good strategy sooner or later you will make more profits than what you lose, so eventually your profits will be so high that you can withdraw your seed capital and now you are trading with free money, but for most gamblers this is not possible as they do not have such strategy, so even if they got lucky and they did this, eventually their losses will accumulate and they will have to make another deposit at their favorite casino if they want to keep gambling.
Yes, it also works on trading and you just have to take whatever you started with and continue going on with the money that you've earned. The same goes with gambling that you are continuing with the free money and having that no risk of losing your capital but definitely, that money you've earned from winning the former bets is still going to hit you a lot if ever you're going to lose that money. So, the best thing to do is always keep something from these winning of yours because you'll never know when you'd be lucky to win again.
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March 11, 2024, 11:58:37 PM
 #273

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I can understand the urge to increase the the amount being placed on a bet when you’re on a winning streak. But it’s definitely not wise to keep on betting with the total amount won in hopes of having a much bigger win than previously won.
The enthusiasm gotten after having constant wins could lead an undisciplined gambler to start being careless with his bets and without much thought of losing out on all he’d won. Hence the need to have a plan before gambling and the discipline to follow through on your plans.

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March 12, 2024, 01:03:41 AM
 #274

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I can understand the urge to increase the the amount being placed on a bet when you’re on a winning streak. But it’s definitely not wise to keep on betting with the total amount won in hopes of having a much bigger win than previously won.
The enthusiasm gotten after having constant wins could lead an undisciplined gambler to start being careless with his bets and without much thought of losing out on all he’d won. Hence the need to have a plan before gambling and the discipline to follow through on your plans.

This urge is caused by the greed that exists in a gambler's mind, so that after winning in a row, he cannot possibly be controlled because maybe he is already so good at winning every gambling game he will play that he can no longer limit his betting money and possibly his money. He will risk the winnings he previously earned to gain even more profits as you said.
Yes, it is absolutely true that if a gambler cannot control all forms of time and money constraints then he will commit careless actions by gambling continuously and what will happen is that he will actually lose all his money and only then will he realize that his actions are what made him poor, yes you are right, Therefore, we have to plan in advance how much we can afford to bet there and when we have to stop if we lose right away.

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March 12, 2024, 01:05:18 AM
 #275

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I can understand the urge to increase the the amount being placed on a bet when you’re on a winning streak. But it’s definitely not wise to keep on betting with the total amount won in hopes of having a much bigger win than previously won.
The enthusiasm gotten after having constant wins could lead an undisciplined gambler to start being careless with his bets and without much thought of losing out on all he’d won. Hence the need to have a plan before gambling and the discipline to follow through on your plans.
The only reason that will make someone to win and use all the amount won to replay is greed. when greed of wanting to become reach overnight has conquer a persons mindset, the person play foolishly untill he loose everything before he starts regretting why he didn't use the initial profite gotten from it.


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Psynthax
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March 12, 2024, 01:48:03 AM
 #276

You are not following the rule of gambling and with this pattern that you are gambling, you will just end up on losing a lot even if you gain profit you will definitely lose more , but your losses will be more than your profit, you just have to remove the act of greedy, understand that so many people that end up losing their money in betting is because they feel like they can get it all at the same time never understand that it’s a gradual process how would not understand that you will have to gamble wisely, you already know that gambling is risky. this situation and the pattern you are following over this  is very risky.
he did save his initial capital after profitting seems lowkey totally understandable trading strategy here nothing to worry about don't be overly paranoid so many people are fine with just using all the money to place on bets it might be called compounding investment in investment wolrd but im calling it compounding betting in betting world because thats it, increasing the profit by adding more and more capital through the previous profit I think thats totally fine if he is rich enough its different if he always ran out of money he can't make the meet ends then he need help and need to call that line for gambling addiction, when everything is decided cold headed using money that he can afford to lose its gonna be fine and rainbow.
just dont use hot money that u gonna need to use for eating or otherwise you will be f-ed with how you manage money eventually.
I guess thats the thing with this.

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March 12, 2024, 02:25:48 AM
 #277

You are not following the rule of gambling and with this pattern that you are gambling, you will just end up on losing a lot even if you gain profit you will definitely lose more , but your losses will be more than your profit, you just have to remove the act of greedy, understand that so many people that end up losing their money in betting is because they feel like they can get it all at the same time never understand that it’s a gradual process how would not understand that you will have to gamble wisely, you already know that gambling is risky. this situation and the pattern you are following over this  is very risky.
he did save his initial capital after profitting seems lowkey totally understandable trading strategy here nothing to worry about don't be overly paranoid so many people are fine with just using all the money to place on bets it might be called compounding investment in investment wolrd but im calling it compounding betting in betting world because thats it, increasing the profit by adding more and more capital through the previous profit I think thats totally fine if he is rich enough its different if he always ran out of money he can't make the meet ends then he need help and need to call that line for gambling addiction, when everything is decided cold headed using money that he can afford to lose its gonna be fine and rainbow.
just dont use hot money that u gonna need to use for eating or otherwise you will be f-ed with how you manage money eventually.
I guess thats the thing with this.
When it comes to capital protection or something that calls getting out your bankroll with the profits you are making then i could say that this kind of management towards self is really that good.
You arent really just that showing that you do have that good control with your finances but also you are really that wary about the actions or things that you are dealing with on which this is
something which is really that important specially when you are really that dealing with gambling. You do know on what you do gonna do and you do know on how to deal up with loses.

This is what gamblers should really be having into their minds on the t ime that they would really be touching up gambling because most likely majority of people who do get engaged with it
do becomes that addicted and becomes really that messing up their lives because of wrong decisions that they are making with their gambling career. If you wont really be that careful
then you are really that putting up your life into such great risks and this is something that must be avoided.

R


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March 12, 2024, 03:37:50 AM
 #278



I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.


Honestly I think that this is really the best way to do it. This makes sure that you still have some cash left for future bets and increases your chances. If you just put it all down on one bet the risk is too high for the rewards. I would strongly advise against putting all your quan on just one single bet. At the end of the day you have to know that whatever you bet you could lose, so don't bet with more money that you would wish to say goodbye to.

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March 12, 2024, 03:39:48 AM
 #279

Do gambling budget and you gonna be fine tho it is still gonna hurt the pocket and emotion a little bit but you gonna fine or just stop to do gamble.  Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.?
Same like you I always do that but at the end I sometimes just lose it all hahhaha

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March 12, 2024, 08:08:12 PM
 #280

Do gambling budget and you gonna be fine tho it is still gonna hurt the pocket and emotion a little bit but you gonna fine or just stop to do gamble.  Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.?
Same like you I always do that but at the end I sometimes just lose it all hahhaha

Maybe what you mean here is applying management to the budget that you want to allocate to gambling activities, or it means only putting a small budget amount that will not be a problem if in the end you lose and lose money, and of course that is a good idea and advice for approaching gambling, because what is certain is that this is a high-risk activity that can even eliminate all valuables, especially the money you have in an instant.

On the other hand if for example you managed to get a win in one of the sessions that you did then yes of course the recommended action is to cash out as soon as possible and if you still want to play then you can play with the amount of pure money that you won before then secure your capital, it's better because even if in the end you lose it doesn't matter and I don't think it will be too draining on your emotions because the money you allocate is the money from your previous winnings, on the other hand yes I understand what you mean here that sometimes even though we have implemented a good plan but in the end we lose everything, and maybe I will give advice that you need to put firmness on the plan along with maintaining your self-awareness, because with this I think it is less likely for you to fall into greed that can end up losing all your money.

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