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Author Topic: Gambling Management  (Read 3861 times)
Bravut
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April 15, 2024, 05:49:38 PM
 #341

This is subjective to your level of risk tolerance, if you are willing to risk certain amount on a bet based on your decision not from a place of emotion it will help you in setting your limits.

But when you risk what you can't afford to lose then you experience pain,regret, emotional disturbance. So the management relies on you who is the Manager, if the Manager stick to the rules of the game (plan), the system won't have effect on you.

Ĺosing is certain, just know and work within your  risk tolerance level. This will shade you from worries, even when you take a lose.
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April 15, 2024, 05:53:10 PM
 #342

Quote from: Apocollapse
First, when you receive your monthly salary, only use 1%-10% or any amount you can afford to lose for gambling.
only use what you can afford to lose in gambling, so that when you lose you will not feel bad at the moment that something big has left your account like the way some people use to feel bad when they lose money.
Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.


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April 15, 2024, 08:16:19 PM
 #343

Quote from: Apocollapse
First, when you receive your monthly salary, only use 1%-10% or any amount you can afford to lose for gambling.
only use what you can afford to lose in gambling, so that when you lose you will not feel bad at the moment that something big has left your account like the way some people use to feel bad when they lose money.
Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.

Yeah because it's not only about the money but also the mental capital that would require you to risk such amount of money. You don't want to lose all the money that you've just worked hard don't you? Which means that you should be only betting the amount of money that only seems insignificant for you. That you won't stress about it even when you lose. Because regardless if your new or a professional, you are going to lose in this game. So if you aren't prepared for that, you may lose your sanity. Increasing your risk doesn't only equate increasing your profits, it also increase the amount of stress you are going to carry.

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April 16, 2024, 06:31:02 PM
 #344

Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.

Yeah because it's not only about the money but also the mental capital that would require you to risk such amount of money. You don't want to lose all the money that you've just worked hard don't you? Which means that you should be only betting the amount of money that only seems insignificant for you. That you won't stress about it even when you lose. Because regardless if your new or a professional, you are going to lose in this game. So if you aren't prepared for that, you may lose your sanity. Increasing your risk doesn't only equate increasing your profits, it also increase the amount of stress you are going to carry.
If you happen to practice that kind of percentage monthly from your salary or even every 15th, that might go deeper and will become a habit. That instead of allocating it to more important things.

That part is going to the gambling funds that's quite a lot and if you lose, you might think that it should be recovered and then where you're going to get your fund again?

From your salary and that adds to the percentage and if you lose, you'll have more and it's a repetitive cycle.


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April 16, 2024, 09:00:05 PM
 #345


Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.

Yeah because it's not only about the money but also the mental capital that would require you to risk such amount of money. You don't want to lose all the money that you've just worked hard don't you? Which means that you should be only betting the amount of money that only seems insignificant for you. That you won't stress about it even when you lose. Because regardless if your new or a professional, you are going to lose in this game. So if you aren't prepared for that, you may lose your sanity. Increasing your risk doesn't only equate increasing your profits, it also increase the amount of stress you are going to carry.

Honestly, I am not sure that there is a gambler who is really able to accept a large amount of defeat, and we should be able to find out about what their intention is actually gambling from the amount of budget they allocate, if for example they allocate an amount that tends to be large or even close to 80% of the total amount of their income per month from their main job then I think I can conclude that their intention and purpose of gambling is to multiply the money they bring in with the hope of getting a big win.

With the goal of multiplying the money they bring with them then I think it is obvious that if they end up losing then they will not have the ability to accept the fact of losing, I am sure that they will be emotional and unable to calm their emotions which in turn the situation encourages them to do some out of control actions such as chasing the winnings to restore something that has been lost which will actually only lead them to a lot of stress, In the end, as you said, it is best to gamble by putting the amount of budget that we can afford especially for losing, that approach is useful to minimize emotions and out of control actions that lead you to a lot of impulsive decisions.

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April 16, 2024, 09:36:26 PM
 #346

Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.

Yeah because it's not only about the money but also the mental capital that would require you to risk such amount of money. You don't want to lose all the money that you've just worked hard don't you? Which means that you should be only betting the amount of money that only seems insignificant for you. That you won't stress about it even when you lose. Because regardless if your new or a professional, you are going to lose in this game. So if you aren't prepared for that, you may lose your sanity. Increasing your risk doesn't only equate increasing your profits, it also increase the amount of stress you are going to carry.
If you happen to practice that kind of percentage monthly from your salary or even every 15th, that might go deeper and will become a habit. That instead of allocating it to more important things.

That part is going to the gambling funds that's quite a lot and if you lose, you might think that it should be recovered and then where you're going to get your fund again?

From your salary and that adds to the percentage and if you lose, you'll have more and it's a repetitive cycle.
On the time that it do becomes already a habit then this is something that would really be that already hard for you to completely stop since you've been get used to it or become that part as your daily routine
on which it would really be just that something normal that you would really be that looking for it on the time that you would really be that deciding that you would be having that kind of stoppage midway.

When it comes to management specially with funds or simply with finances then this is something which is really that very hard and does really need up that kind of control and discipline towards ones self.
Although it wont really be something that not that easy but its not something that would really be impossible. It all matters on how well you would really be that making yourself that
be able to adjust accordingly basing up into the situation.

R


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April 16, 2024, 10:07:06 PM
 #347

Quote from: Apocollapse
First, when you receive your monthly salary, only use 1%-10% or any amount you can afford to lose for gambling.
only use what you can afford to lose in gambling, so that when you lose you will not feel bad at the moment that something big has left your account like the way some people use to feel bad when they lose money.
Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.

Yeah because it's not only about the money but also the mental capital that would require you to risk such amount of money. You don't want to lose all the money that you've just worked hard don't you? Which means that you should be only betting the amount of money that only seems insignificant for you. That you won't stress about it even when you lose. Because regardless if your new or a professional, you are going to lose in this game. So if you aren't prepared for that, you may lose your sanity. Increasing your risk doesn't only equate increasing your profits, it also increase the amount of stress you are going to carry.
In anything that we are doing, it is very important for us to ensure that we have a gambling management in place to protect us from from accessible gambling which is going to be a big help for us. Gambling is supposed to lesser than the way we are gambling currently which needed adjustment. It is important we do all we can to make sure we follow the rules and the techniques that is going to make us to be a good and conscious gambler. We all wants to make money from gambling and we need to do it in the right way that would not have a consequence on us as gamblers.

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April 17, 2024, 11:53:07 PM
 #348

On the time that it do becomes already a habit then this is something that would really be that already hard for you to completely stop since you've been get used to it or become that part as your daily routine
on which it would really be just that something normal that you would really be that looking for it on the time that you would really be that deciding that you would be having that kind of stoppage midway.

When it comes to management specially with funds or simply with finances then this is something which is really that very hard and does really need up that kind of control and discipline towards ones self.
Although it wont really be something that not that easy but its not something that would really be impossible. It all matters on how well you would really be that making yourself that
be able to adjust accordingly basing up into the situation.
Managing our funds can be hard if we're not willing to do it or when we have no plans of doing it. Those that have been in bad times whether in gambling or not and they've lost a lot of money, they are starting to see the importance of managing funds.

But if someone is not fond of it and yet a reckless gambler and will keep on doing it until he's got zero fund left, those are the type of gamblers that will learn things the harder way.


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April 18, 2024, 02:44:35 AM
 #349

For each type of activity in which losses are possible, strict rules should be developed that help prevent losses. This is especially true in cases where you do not have profitable strategies. And I know that the vast majority of players are unprofitable in the long term. This means they do not have a long-term adequate strategy. Perhaps they are trying to develop this during the game, accumulating their gaming experience and analyzing it. However, this is a long process without any guarantees. So as not to lose critical money in the process. You just need to set daily and weekly loss limits.

 
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April 18, 2024, 05:31:24 AM
 #350

For each type of activity in which losses are possible, strict rules should be developed that help prevent losses. This is especially true in cases where you do not have profitable strategies. And I know that the vast majority of players are unprofitable in the long term. This means they do not have a long-term adequate strategy. Perhaps they are trying to develop this during the game, accumulating their gaming experience and analyzing it. However, this is a long process without any guarantees. So as not to lose critical money in the process. You just need to set daily and weekly loss limits.

Of course, every time we start an activity that has a high risk, we have to create very strict management or regulations and we have to do it with discipline. Because gambling basically only relies on luck and if we don't carry out good management it will be very risky in our future lives.
In terms of the time we spend, it depends on ourselves, whether we will continue to gamble in the long or short term, the most important thing is to limit the money every time we gamble, don't expect too much luck because the results are uncertain.

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April 18, 2024, 05:43:26 AM
 #351

This is subjective to your level of risk tolerance, if you are willing to risk certain amount on a bet based on your decision not from a place of emotion it will help you in setting your limits.

But when you risk what you can't afford to lose then you experience pain,regret, emotional disturbance. So the management relies on you who is the Manager, if the Manager stick to the rules of the game (plan), the system won't have effect on you.

Ĺosing is certain, just know and work within your  risk tolerance level. This will shade you from worries, even when you take a lose.
Without a doubt, losing is certain. There are times RTP won't happen for a long period of time and it could go further than when your balance is zero. I've seen it happen many times which is where I learned my lesson.
Divide your funds to the max multiplier that a game could have is the better management especially if your first aim is to just have fun, wager for VIP rank, or just play the game. For example, a high-risk Plinko 16 lines has a maximum multiplier of 1000x, it's better if we divide our funds that way too because I highly doubt you will hit x1000 in just 100 bets or 100 losses, most of the time it takes tens of thousands of bets before it hit there, for others more. 40k bets was when I hit that multiplier last time. That's a very long time.
By dividing your funds the same way the multiplier is, you will get a chance to sink it in that hole maybe once or twice if you are lucky.

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April 18, 2024, 12:31:38 PM
 #352


Without a doubt, losing is certain. There are times RTP won't happen for a long period of time and it could go further than when your balance is zero. I've seen it happen many times which is where I learned my lesson.
Divide your funds to the max multiplier that a game could have is the better management especially if your first aim is to just have fun, wager for VIP rank, or just play the game.
By dividing your funds the same way the multiplier is, you will get a chance to sink it in that hole maybe once or twice if you are lucky.
A lot of individuals have made the mistake of going into gambling with all their funds with hopes of making profits or doubling the money, before you think of gambling, betting with your spare cash should be the first thing one should think of cause of the risk involved. Why should I invest all my money on something that a 100% success is not guaranteed, that's one big question people should think of before making such mistake.

 Dividing of one's fund is not a bad idea atleast even though an individual is wagering for fun, they are not loosing out on everything, they'll learn from their lose and if they're wise enough they'll pause for the day and still have some money remaining I their account to try again later and by then they must have thought of other means of winning and making profits with their remaining funds.

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Wapfika
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April 18, 2024, 12:35:38 PM
 #353

A lot of individuals have made the mistake of going into gambling with all their funds with hopes of making profits or doubling the money, before you think of gambling, betting with your spare cash should be the first thing one should think of cause of the risk involved. Why should I invest all my money on something that a 100% success is not guaranteed, that's one big question people should think of before making such mistake.

 Dividing of one's fund is not a bad idea atleast even though an individual is wagering for fun, they are not loosing out on everything, they'll learn from their lose and if they're wise enough they'll pause for the day and still have some money remaining I their account to try again later and by then they must have thought of other means of winning and making profits with their remaining funds.

Those who do this usually doesn’t know the fact that their funds is already subjected to risk once they deposit it to the casino because it requires to be wager before they can withdraw. The wager requirements on deposits makes all the deposits especially huge amount is already subjected to force risk since user needs to bets until they complete the wagering even though they are already in profit or loss.

That’s why we should only deposit what we can afford to lose so that this risk of wagering requirements will not bother us since you can experience that your funds is lock when you deposit huge amount while you don’t want to gamble anymore since you are already losing enough.

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arjunmujay
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April 18, 2024, 02:41:27 PM
 #354

Dividing of one's fund is not a bad idea atleast even though an individual is wagering for fun, they are not loosing out on everything, they'll learn from their lose and if they're wise enough they'll pause for the day and still have some money remaining I their account to try again later and by then they must have thought of other means of winning and making profits with their remaining funds.

For me, when it comes to distributing funds, I prefer to set aside some so I can still play, while I just withdraw the winnings straight away.

Maybe it's a little complicated because every time you win, you immediately withdraw it and keep a small portion so you can still play in the next round. but that's better in my opinion, in fact it's not uncommon to get bigger profits, both from the money itself and it's also luckier not to spend all the main funds and winnings. It cannot be denied that when most people win at gambling, a large balance can result in a tendency to increase bets and play longer. it will actually make you lose everything.

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April 22, 2024, 05:31:56 PM
 #355

For me, when it comes to distributing funds, I prefer to set aside some so I can still play, while I just withdraw the winnings straight away.

This is what many should do, in fact the best advice that can be given to any player, novice, expert, is to take these things into account, because a player Obviously has to do everything possible to be able to have fun and win, no matter what. Sometimes when you play and win a lot of money, many players leave their money in the casino, as if they wanted to see it there, but that is a Double-edged sword, because they see that they have enough money there to be able to risk any game and that little by little You will spend and spend, so to not have that temptation there it is better to withdraw that money, and if you want to play, then you make a controlled deposit, it is better. Be careful than getting excited playing and destroying the money you have in mind, I think things Should be seen that way.

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arjunmujay
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April 23, 2024, 02:20:57 AM
 #356

For me, when it comes to distributing funds, I prefer to set aside some so I can still play, while I just withdraw the winnings straight away.

This is what many should do, in fact the best advice that can be given to any player, novice, expert, is to take these things into account, because a player Obviously has to do everything possible to be able to have fun and win, no matter what. Sometimes when you play and win a lot of money, many players leave their money in the casino, as if they wanted to see it there, but that is a Double-edged sword


This is indeed a problem for most gamblers. they are unable to leave the game even though they have won. because the gambler who wins and can have fun with his gambling winnings is by getting out there and taking away the winnings, no matter how small.

there are many more and that includes me too. When the balance has increased, even if it's a little, I still leave it there and then withdraw when it's enough. This is the reason why the balance instead of increasing, actually runs out because when you play and lose, you think you can still continue with the existing balance. Therefore, I actually wrote this to advise myself not to fall into something like that.

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April 23, 2024, 03:11:50 AM
 #357

For each type of activity in which losses are possible, strict rules should be developed that help prevent losses. This is especially true in cases where you do not have profitable strategies. And I know that the vast majority of players are unprofitable in the long term. This means they do not have a long-term adequate strategy. Perhaps they are trying to develop this during the game, accumulating their gaming experience and analyzing it. However, this is a long process without any guarantees. So as not to lose critical money in the process. You just need to set daily and weekly loss limits.

Exactly, I will repeat your idea that any activity that has the possibility of loss or loss then we must be really vigilant and put caution along with some other preventive measures that are important and must be applied as a precaution. I will say that in gambling anyone can win in any amount but we should not only focus on the chances of winning because however the possibility of losing is a certain thing because in gambling the risk can never be avoided completely.

However, gambling is always about gaming activities that are full of uncertainties and there is absolutely no guarantee for anyone to win which means that anyone will never know about what will happen at the end of the session between winning or losing, and the concept of gambling will continue like this which means as you said that all gamblers will not get a definite profit in the long run, They can win but if we measure it in the long term then obviously I think the number of losses will be much greater than the wins, in the end yes obviously like you said that if they still want to stay involved in gambling but don't want to experience too significant adverse effects then of course setting limits and implementing controls are important things that must be prepared.

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Webetcoins
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April 23, 2024, 10:30:02 AM
 #358

Dividing of one's fund is not a bad idea atleast even though an individual is wagering for fun, they are not loosing out on everything, they'll learn from their lose and if they're wise enough they'll pause for the day and still have some money remaining I their account to try again later and by then they must have thought of other means of winning and making profits with their remaining funds.
For me, when it comes to distributing funds, I prefer to set aside some so I can still play, while I just withdraw the winnings straight away.

Maybe it's a little complicated because every time you win, you immediately withdraw it and keep a small portion so you can still play in the next round. but that's better in my opinion, in fact it's not uncommon to get bigger profits, both from the money itself and it's also luckier not to spend all the main funds and winnings. It cannot be denied that when most people win at gambling, a large balance can result in a tendency to increase bets and play longer. it will actually make you lose everything.
I do the same thing, if I know I want to play more when I'm already in profit, I want to try a game, or anything, I just withdraw the funds minus the amount that I leave for playing more. This way, there won't be the risk of getting carried away and playing and losing all the money because this happens with every gambler when they start playing a game, and when they start losing, they keep increasing the bet so that they can recover what has been lost if they get a win, but they eventually lose everything.

Usually, I tend to lose what I have left behind for playing a bit more, but sometimes, I do manage to win something more with it and then I withdraw those as well if I don't lose it back because why not? Get as much as you can from gambling because it doesn't give you money all the time.

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April 23, 2024, 06:34:02 PM
 #359

On the time that it do becomes already a habit then this is something that would really be that already hard for you to completely stop since you've been get used to it or become that part as your daily routine
on which it would really be just that something normal that you would really be that looking for it on the time that you would really be that deciding that you would be having that kind of stoppage midway.

When it comes to management specially with funds or simply with finances then this is something which is really that very hard and does really need up that kind of control and discipline towards ones self.
Although it wont really be something that not that easy but its not something that would really be impossible. It all matters on how well you would really be that making yourself that
be able to adjust accordingly basing up into the situation.
Managing our funds can be hard if we're not willing to do it or when we have no plans of doing it. Those that have been in bad times whether in gambling or not and they've lost a lot of money, they are starting to see the importance of managing funds.

But if someone is not fond of it and yet a reckless gambler and will keep on doing it until he's got zero fund left, those are the type of gamblers that will learn things the harder way.

Learning new habits isnt easy but it's how we grow. And it's best to start good habits early. We all have our own ways but in the end knowing how to manage our money wisely can make things more fun and sustainable in the long run.

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April 23, 2024, 06:42:19 PM
 #360

On the time that it do becomes already a habit then this is something that would really be that already hard for you to completely stop since you've been get used to it or become that part as your daily routine
on which it would really be just that something normal that you would really be that looking for it on the time that you would really be that deciding that you would be having that kind of stoppage midway.

When it comes to management specially with funds or simply with finances then this is something which is really that very hard and does really need up that kind of control and discipline towards ones self.
Although it wont really be something that not that easy but its not something that would really be impossible. It all matters on how well you would really be that making yourself that
be able to adjust accordingly basing up into the situation.
Managing our funds can be hard if we're not willing to do it or when we have no plans of doing it. Those that have been in bad times whether in gambling or not and they've lost a lot of money, they are starting to see the importance of managing funds.

But if someone is not fond of it and yet a reckless gambler and will keep on doing it until he's got zero fund left, those are the type of gamblers that will learn things the harder way.

Learning new habits isnt easy but it's how we grow. And it's best to start good habits early. We all have our own ways but in the end knowing how to manage our money wisely can make things more fun and sustainable in the long run.
And thats something that you would really be needing up to realize along the way. The main issue about on each person is that even if they are aware about the risks involved but still they do neglect or ignore it out
and some are really that highly reactive into that one and immediately made out the right decision and the others make out that kind of tolerating such condition which it causes for them to experience those shit situations.
We do have our own will which do make out that decision which of course we would really be needing to think on which one would really be that not giving out some shit situation.
Play for fun and just make use of the amount that you can afford to lose then you wont really be stressing yourself on what are the things that you would really be that needing to mind on.
It all matters on how well you would really be making out such decision making on the time that you are really that dealing with gambling.

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