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Author Topic: Difference between afford to lose and can't afford to lose.  (Read 544 times)
shasan
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February 23, 2024, 03:03:40 AM
 #101

The amount that can be considered as afford to lose which amount of funds you can lose and that can affect your life financially. If it affects you it is not a fact how much the fund is but it is obviously the fund you can not afford to lose.

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February 23, 2024, 03:17:58 AM
 #102

Your first definition is not correct. It is the second definition that is correct. Even if you are working and collecting huge amount of money, if you are gambling with the amount high enough to make you not to progress in life but making you to have financial issues, that means you are gambling with the amount of money that you can not afford to lose and if you are doing that consistently, thst is an addiction.
I think we have our own definitions of what can and what can't afford to lose. Well, my definition is that what you can afford to lose is that even if you lose there's no effect to you mentally and physically and you have no regrets even if you lose, what you can't afford to lose is the amount of money you've lost that can affect you mentally and physically. I know most of us know the feeling that if we lose, there's a certain feeling that we feel like sadness and regret and that's what you can't afford to lose but if you lose and you don't feel anything then I think you can call that afford to lose.

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February 23, 2024, 04:12:12 AM
 #103

In gambling you are meant to gamble with what is generate what you receive as weekly and monthly income, you are not supposed to use another person's income to gamble or to depend on someone's money in order to gamble for me it is quite bad for someone who is a gambler to be depending on someone's income in other to gamble knowing that gambling is a game of risk and it has to do with profit making and loss making so when you use someone's money to gamble, you might end up of losing whatever thing you use to stake in your gambling,

Money that you can't afford to close puts too much pressure on you and when you can gamble well under pressure you're going to lose all the money that you brought out to gamble. When you also lose you'll be trying to win back your losses instead of gambling to make profits and since your focus has been shifted you're going to keep losing. Gambling should be a fun activity and not an activity that's giving you pains. Don't also use all your salary to gamble but only use a small percentage.

Money you can't afford to lose are money that when you lose them while gambling you'll spend the rest of your time and day trying to win them back but money that you can afford to lose are those money that won't make you to think when you lose them while gambling. This money is different based on the individuals that's gambling as sometime the money can be high or low depending on their income

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February 23, 2024, 06:37:01 AM
 #104

When you are depending on someone for assistance because you want to gamble it means that you are risking what you can not afford to lose. Why because you don't have the money to gamble but someone have to give it to you before you can stake.
But when you have jobs that pays you money so well and you are gambling it means you are risking what you can afford to lose. Why because ones you lose your job will give you another money.
I think it is stupid to seek for us to gamble having others money because why you need to play when he can do it yourself?
and also you have to learn to find other things to do done just gambling.

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However, many people would say even if you have jobs but you are staking higher it also means you are gambling with what you can not afford to lose. Moreover it's true and I have to dauth but I have a feeling that ones someone that have a good paying job is staking more than what he can afford to lose, there is no different between addiction there.
sorry but you have just said again what you mentioned above its just in different form but same thoughts.

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February 23, 2024, 06:42:45 AM
 #105

It is wrong to think that just because a person is employed, he will have no fear of losing money. A person earns money by working it does not mean that his money is easy to earn but the company where he works earns profit and then pays him from that profit means he has to work hard to earn money and if he earns money by working hard  Of course there will be fear of losing money. We sometimes think that those who have enough money have no problem gambling and losing money, but this is not the case. Rich or poor, no one ever wants money to go down in his account rather he wants money to grow from the amount of money he has. Both the rich and the poor gamble to make a profit.

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February 23, 2024, 06:46:40 AM
 #106

You could have a job and still gamble above what you can afford to loose. I haven't done a thorough research but from my observation, most persons that have a regular stream of income and  that are currently working tend to gamble above thier means because of the feeling that at the end of the month they will certainly receive thier pay check that could cover up for whatever loses they've incurred within the month in the process of gambling. This is a serious setup that need to be studied and avoided because if care isn't taken, you are going to aways put all your salary into gambling and at the end of the day you wouldn't be able to save anything out of your salary.  

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February 23, 2024, 07:38:32 AM
 #107

When you are depending on someone for assistance because you want to gamble it means that you are risking what you can not afford to lose. Why because you don't have the money to gamble but someone have to give it to you before you can stake.

Who cares if the amount of money involved can afford to lose or not for a person who receives financial support from others?

They won't bother to think about that anymore and they will just gamble no matter what.

The difference is about the pressure to win, gamblers who have financial support won't be pressured much to lose since they are expecting money without the need to work for it. Unlike those who do have stable jobs, they will be careful not to lose since they always need to work to maintain their income source.

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February 23, 2024, 07:46:05 AM
 #108

You could have a job and still gamble above what you can afford to loose. I haven't done a thorough research but from my observation, most persons that have a regular stream of income and  that are currently working tend to gamble above thier means because of the feeling that at the end of the month they will certainly receive thier pay check that could cover up for whatever loses they've incurred within the month in the process of gambling. This is a serious setup that need to be studied and avoided because if care isn't taken, you are going to aways put all your salary into gambling and at the end of the day you wouldn't be able to save anything out of your salary.  
But what if the amount that he can afford to lose is all of his monthly income? we know it doesn't look good if we can't save our salary because we can't know what will going to happen in the future, but since it's their life, we can't judge anything and it's up to the person how he will spend his money.

As long as he didn't use other people money or harm other people, we should let him to do anything he want.
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February 23, 2024, 06:20:12 PM
 #109

~snip~
The gambler who get understand the gambling as created for the entertainment will play the gambling without the emotion.But the current market was totally different one,many gamblers want to make money from the gambling site by make use of their analytical skills.The casino games was mostly based on the predictions of the betting game,if the gamblers had made the correct betting it will help the gamblers to multiple their capital to 2x,3x,4x and 6x based on the betting option in that casino game.If the gamblers take risk in the 6x betting of the game in gambling site means the gamblers can multiple their deposit money in the short duration.
Playing gambling without the emotion is hard and not many gamblers can do because gambling will tempted them to playing more and more. Only wise gamblers can used gambling as an entertainment and will used money they can afford. They will not gamble using big money if they can't afford to lose because they realize that playing gambling is no need to use much money. We can see many gamblers placing their bet with a big money but many of them isn't ready if they loss. This makes them need to aware that they can't make money easily from gambling. Yes, they can make money but they don't have to chase the winning because that can cause them losing much money. What they can do is just use gambling for fun with money they can afford.

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February 23, 2024, 07:02:59 PM
 #110

When you are depending on someone for assistance because you want to gamble it means that you are risking what you can not afford to lose. Why because you don't have the money to gamble but someone have to give it to you before you can stake.
It is possible that even the money you get from others to gamble can still be the money you can afford to lose,because from your mind, your plan is to use it to gamble, but in case you don't have any money with you and you ask for assistance, there is something you can use the money for, but you use it to gamble. That type of money is what you cannot afford to lose. Know that there are many people who have money but sometimes decide to ask friends for some money they will use to gamble. So collecting money to gamble doesn't mean the person does not have money with him or her, but the truth is that he doesn't have what he can afford to lose sometimes. 

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But when you have jobs that pays you money so well and you are gambling it means you are risking what you can afford to lose. Why because ones you lose your job will give you another money.
However, many people would say even if you have jobs but you are staking higher it also means you are gambling with what you can not afford to lose. Moreover it's true and I have to dauth but I have a feeling that ones someone that have a good paying job is staking more than what he can afford to lose, there is no different between addiction there.

What I understand by the amount of money someone can afford to lose is that when someone loses it, it will not affect him or her. So even if someone has a job and always receives a huge amount of money monthly or weekly, once they gamble with any amount of money, if they lose it, it will affect him or her. That type of money is what they can't afford to lose. Just for example, if someone is receiving $1k every month, one day, when they receive their monthly salary of $1k that it already have planned for but decide to gamble with $200. This means it just sacrifice the $200 for gambling; this $200 is the money it  can't afford to lose because if it lose the money, it will affect them because it already have plans for the money in other ways. 

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February 23, 2024, 07:12:08 PM
 #111

It's like OP is talking about two extremes of two money management issues, the way of expressing it seems a bit lengthy. But I can also feel this happening in life, and it's not so common because it exists in more specific cases.

I think it's just that a gambler is aware of their behavior so they can do whatever they want, it doesn't matter too much whether they are rich/poor as long as they are responsible for their actions. But stories about chess addicts are common and most of them make mistakes in the process of letting greed lead and control their behavior. Even outside of the gambling industry, in life not everyone can find a balance in spending that is appropriate for the things they do.









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February 23, 2024, 07:18:33 PM
 #112

The mentality of being ready to lose... that's what we have to have when gambling. Why is that.? Because if we don't have the mentality to be able to accept defeat, then the gambling we do will only make us more stressed, because when it comes to the final result in gambling, winning is only a possibility while losing is something we will experience. definitely get it. So in reality, defeat will always dominate in every gambling session we do. And that is the reason why we have to bet with an amount of money that we can afford to lose, which of course can help us accept the final result of gambling well, so that it doesn't cause deep feelings of disappointment and regret.

"Gambling is a form of entertainment, it is played to be enjoyed, not regretted."

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Onyeeze
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February 23, 2024, 07:22:46 PM
 #113

In gambling you are meant to gamble with what is generate what you receive as weekly and monthly income, you are not supposed to use another person's income to gamble or to depend on someone's money in order to gamble for me it is quite bad for someone who is a gambler to be depending on someone's income in other to gamble knowing that gambling is a game of risk and it has to do with profit making and loss making so when you use someone's money to gamble, you might end up of losing whatever thing you use to stake in your gambling,

Money that you can't afford to close puts too much pressure on you and when you can gamble well under pressure you're going to lose all the money that you brought out to gamble. When you also lose you'll be trying to win back your losses instead of gambling to make profits and since your focus has been shifted you're going to keep losing. Gambling should be a fun activity and not an activity that's giving you pains. Don't also use all your salary to gamble but only use a small percentage.

Money you can't afford to lose are money that when you lose them while gambling you'll spend the rest of your time and day trying to win them back but money that you can afford to lose are those money that won't make you to think when you lose them while gambling. This money is different based on the individuals that's gambling as sometime the money can be high or low depending on their income
what's the meaning that you should gamble with what you can afford to lose is that some people use all their money to ensure that they have gamble thinking that with that money they win gambling why on the process they lose the gambling so what they mean is that you should gamble with what you can afford to lose so that when you lose it will not affect you or make you to be depressed in life that is the element of whatever tell me are telling you

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February 23, 2024, 07:24:25 PM
 #114

The amount that can be considered as afford to lose which amount of funds you can lose and that can affect your life financially. If it affects you it is not a fact how much the fund is but it is obviously the fund you can not afford to lose.

I have to disagree with this statement,I used to believe it too but I screw it up really big lately and now when coming back from office to home I see these fancy good restaurants and I have no money to eat a good dinner there because I lost the money in gambling.Now this of course does not affect me financially as I have everything needed to live the life I have always used to but surely it impacted me in the sense that I could have spent that money by going out to dinner to one such fancy restaurant yet I choose gambling instead.It means that both affect us but when you go a bit further and spend money for core needs that means you have gone to far.

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February 23, 2024, 08:11:17 PM
 #115

You could have a job and still gamble above what you can afford to loose. I haven't done a thorough research but from my observation, most persons that have a regular stream of income and  that are currently working tend to gamble above thier means because of the feeling that at the end of the month they will certainly receive thier pay check that could cover up for whatever loses they've incurred within the month in the process of gambling. This is a serious setup that need to be studied and avoided because if care isn't taken, you are going to aways put all your salary into gambling and at the end of the day you wouldn't be able to save anything out of your salary.  
Save up and invest in knowledge, one of the independent skill to stand on. Everyone provides research and takes strong stands in the system; we can be on the correct track or on the losing end; our eyes only become clear after we have successfully liquidated our accounts. You can't be in a decent position with a steady income and still gamble; it's impossible, but most individuals have managed to deal with this burden. I've never met somebody who is addicted to gambling; instead, I've met a few gamblers, and I must say that this is a very risky activity to participate in.



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February 23, 2024, 08:35:14 PM
 #116

When you are depending on someone for assistance because you want to gamble it means that you are risking what you can not afford to lose. Why because you don't have the money to gamble but someone have to give it to you before you can stake.
But when you have jobs that pays you money so well and you are gambling it means you are risking what you can afford to lose. Why because ones you lose your job will give you another money.

However, many people would say even if you have jobs but you are staking higher it also means you are gambling with what you can not afford to lose. Moreover it's true and I have to dauth but I have a feeling that ones someone that have a good paying job is staking more than what he can afford to lose, there is no different between addiction there.

Yes you are right. The point is not how much a person earns, but what risks he takes in the casino; if he earns a lot, but most of the income goes to gambling, then in the end he will lose his money.
The only difference, and it is significant, is when a person spends his own money on gambling, which he earned, and another person borrows and loses (in the end this often happens) other people’s money. Both fail, but they are different things, I guess

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February 23, 2024, 09:15:00 PM
 #117

The amount that can be considered as afford to lose which amount of funds you can lose and that can affect your life financially. If it affects you it is not a fact how much the fund is but it is obviously the fund you can not afford to lose.

I have to disagree with this statement,I used to believe it too but I screw it up really big lately and now when coming back from office to home I see these fancy good restaurants and I have no money to eat a good dinner there because I lost the money in gambling.Now this of course does not affect me financially as I have everything needed to live the life I have always used to but surely it impacted me in the sense that I could have spent that money by going out to dinner to one such fancy restaurant yet I choose gambling instead.It means that both affect us but when you go a bit further and spend money for core needs that means you have gone to far.

It is okay to say that amounts which when you lose can affect you financially is an amount you can't afford to lose, he is not wrong. Many people won't be happy losing amounts capable of making them go bankrupt yea,  but this goes beyond just affecting you financially, it's all about the impact that money has on your general wellbeing if you lose it. 

When People say "lend only the amount you can afford to lose" it means they should lend only the amount they won't feel hurt over if the borrower refuses to pay, you can easily let go of that money without much emotional attachments.

I can be rich and still not be willing to lose anything. Many people ain't strong emotionally to handle losses even if they can easily replace what was lost. If you know losing $10 will hurt you so much, then avoid gambling with such amount,  go for something that is favourable to you.

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February 25, 2024, 04:38:23 PM
 #118

Your first definition is not correct. It is the second definition that is correct. Even if you are working and collecting huge amount of money, if you are gambling with the amount high enough to make you not to progress in life but making you to have financial issues, that means you are gambling with the amount of money that you can not afford to lose and if you are doing that consistently, thst is an addiction.
I think we have our own definitions of what can and what can't afford to lose. Well, my definition is that what you can afford to lose is that even if you lose there's no effect to you mentally and physically and you have no regrets even if you lose, what you can't afford to lose is the amount of money you've lost that can affect you mentally and physically. I know most of us know the feeling that if we lose, there's a certain feeling that we feel like sadness and regret and that's what you can't afford to lose but if you lose and you don't feel anything then I think you can call that afford to lose.
What if a person is so reckless and irresponsible that they don't feel any mental or physical stress even after spending useful funds on gambling? Maybe they have $200 in total for a month, they need at least $150 for their household expenses, and they spend $100 out of it on gambling, and then struggle with household expenses and make his family suffer but feel no regret or remorse because he enjoyed his time and he barely cares about what is happening. I say this because there are people like that.

So, I don't agree with your definition of what one can afford to lose. What one can afford to lose is an amount that is left after everything else is covered including household and personal expenses, savings, investment funds, and any other things that one needs money for.

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