Gamble with what you can afford to lose can actually make a good investment

[usekevin]

With all humanity, I have came across several topics and thread that speaks about gambling with what we can afford to lose, sometimes this kept me wondering and pondering why this words "Gamble with what we can afford to lose" is always common. Okay let me digress from that, and come to think of this you will see people gambling with at least $1 to $100 or even more this is dependent of what anyone can risk right? Yes!

Put this in places that if you keep those money into investment do you know how much you would gain by the end of the month or year without even you making such profits while gambling but yet we kept preaching the word "gamble with what you can afford to lose" why not some people use that same money to go into bitcoin investment or any other investment that could help their lives rather than wasting them into gambling and even secure a better winning themselves.

The reason for this common words”Gamble with what you afford to lose” is the gambling was the game.When the gamblers decided to win the money from the gambling site,they forgot the basic thing of gambling is the game.So the probability making money is 50-50 chances of betting.The gamblers luck and skills play the huge role in the game winning,because most of the gamblers will play the game with their own wish.The first thing is the gamblers should not fix the target of winning in the gambling site,if the target is failed the gamblers will get more anger.So that emotions will play the huge role in the gambling site,the game is same all the time.Because the gamblers who want to play without expectation will make huge profits in the gambling site.The gamblers who uses the less money will not make the more money from the gambling site,the reason is the gambling have huge money in the recovery game of old losses in the gambling site.The gamblers should allot of money which is essential for complete month.

[madnessteat]

~snip~

Most gamblers mistakenly perceive gambling as an easy way to get rich so they choose gambling over investing. Also, when investing you have to consider a long term strategy and many people just don't know how to wait. They need everything at once. And in fact, most gamblers do not have a sufficient level of financial literacy, so in their understanding investments are as risky as gambling. There are many people around me who believe that cryptocurrencies are a Ponzi scheme, so they choose gambling over investing.

[Crypto Library]

First of all I wanna say that we shouldn't mix up two different things that Investment and another one is entertainment. I don't think that here all gamblers are play gamble only for the money of gambling as a investment purpose. I always take gambling as for fun And I think everyone should gamble with that in mind. Many people here take gambling as a source of income and keep money as an investment, and I think they are the ones who face big losses in most cases, as well as their amount of money wasting.
And I think those who gamble their affordable funds for fun, I don't think their money is wasted. Because entertainment and investment are not the same.

[arimamib]

~snip~

Most gamblers mistakenly perceive gambling as an easy way to get rich so they choose gambling over investing. Also, when investing you have to consider a long term strategy and many people just don't know how to wait. They need everything at once. And in fact, most gamblers do not have a sufficient level of financial literacy, so in their understanding investments are as risky as gambling. There are many people around me who believe that cryptocurrencies are a Ponzi scheme, so they choose gambling over investing.

Many people indeed view gambling as a quick and easy path to wealth that is often driven by a desire for immediate gratification. This mentality can lead people to prioritize gambling over investing, because they may perceive investing as requiring patience and a long-term strategy, which contrasts with the allure of instant winnings in gambling.

The lack of financial literacy among many people exacerbates this issue. Without a solid understanding of financial principles and investment strategies, people may equate investing with the same level of risk as gambling. This misconception can discourage people from exploring investment opportunities and lead them to opt for the perceived excitement and potential rewards of gambling instead. The skepticism towards emerging financial technologies like cryptocurrencies further complicates the situation.

[Saint-loup]

With all humanity, I have came across several topics and thread that speaks about gambling with what we can afford to lose, sometimes this kept me wondering and pondering why this words "Gamble with what we can afford to lose" is always common. Okay let me digress from that, and come to think of this you will see people gambling with at least $1 to $100 or even more this is dependent of what anyone can risk right? Yes!

Put this in places that if you keep those money into investment do you know how much you would gain by the end of the month or year without even you making such profits while gambling but yet we kept preaching the word "gamble with what you can afford to lose" why not some people use that same money to go into bitcoin investment or any other investment that could help their lives rather than wasting them into gambling and even secure a better winning themselves.

Does this really make sense, sometimes I have to reason twice and come to think about something very important which we don't always pay heed to because we always believe that when spending about $1 to $4 is something we can afford to lose right but, it may surprised you if you Sum all this little dollars into investment and savings you (we) would probably make a good investment and savings at the process reducing our gambling rates and lost.

Let us discussed to if this can save someone from gambling addiction.

If you really think that, why are you promoting a crypto casino in your signature and your avatar? Is your bounty manager aware of your opinion? I don't think it's very fair and honest towards other members who really like gambling and want to promote such services. Not talking about how relevant posts about gambling should be. You've not more chances to make money by investing in Bitcoin, especially now ETFs have been accepted, than through gambling. Because nobody knows how much BTC will worth tomorrow.

[Casdinyard]

First off, don't tell us what to do with our own money lol. Huge majority of people like me who are able to responsibly gamble got sizable investments and multiple income streams that could keep us afloat for years on end. Gambling is more like a secondary hobby for us that we turn to when we couldn't enjoy our primary pastime activities fully. So yeah, while you're correct with the concept of "investing what you can afford to lose" (no shit captain obvious by the way) you'd come to realize that everyone in the trading industry/crypto world's already known about this since time immemorial, matter of fact the crypto variant came before we even realize that you could implement the same thing in the gambling industry and expect the same results.

Again, don't get me wrong, I appreciate the sympathy but the thing is that those would've worked well for other people who needed it, not for us responsible/sensible gamblers who knew how the game operates from the get-go and have managed to find ways to enjoy gambling even when we're losing money. Not gonna call you out on how hypocritical the post is considering you're promoting a casino (although it's a little minor to begin with so nothing out of order here really).

[SatoPrincess]

Snip

First, gambling should be for recreational purpose only, hoping to become a millionaire from gambling will only land you in debt. Gambling and Investments are two different things. People gamble for fun, if you spend your time saving every penny you make to invest in bitcoin or some other investment, how will you have any fun? I guess you won’t go to the movies or go on dates because for you every dollar is worth sats.

I think you are getting it twisted here, but lemme give you little eye opening or guide for you to understand what I meant:..
Let say you go out for a date or for a hang out and you spent $40 in buying what you are taking to give you good health is far much better than using that money to gamble and in returns you lost everything, the person who uses his or her own to spent in her health will be happy because the money enters in her life to revive her right?.

Okay I know you would want to asked what if that $40 was a life changing bet, Yes I know but we have it in mind that gambling has two sides that is "win/lose" so whenever you play there is every high tendency that you must lose the game because winning are always rare to come.

So, the person who spent her own in her health or used it to buy something that would benefits them will appreciate it the more, unlike me if i spent money in buying my daughter a gift I values it than putting that money into gambling why because I can't really define the outcome of that money whereas if that money was put into something it would have more value than that of gambling.

There is no need to explain further, I understood you quite well. We both have different opinions on what gambling is and how it should be done. Your perception of gambling is more negative than it actually is. For someone who thinks so little of gambling as a hobby and only see the “wastefulness” of gambling and dangers of gambling addiction, it’s surprising that you spend a lot of time in the gambling section.

[len01]

It seems that this discussion leads to life in the future related to gambling and investment.
first of all I will say that we live in this world not only for money and money but we also need something to equip ourselves so that life becomes more complete, like when we eat we definitely need to drink to smooth out the food in our throats and this is the same like our lives when we make money and earn money but we need entertainment such as gambling, while our gambling is not just for fun but also to try our luck with an amount we can afford to lose or a small amount.

and on the one hand, what you say is true, isn't it better to invest in bitcoin than to waste money on gambling, but we don't know whether all gamblers just waste money on gambling without having savings or investments, whereas there are lots of gamblers here who have bitcoin and other crypto assets but they also still gamble on a small budget.
there are also gamblers here who bet only using money from campaigns and the money they earn from work every day used for daily needs and investments and also when they get a big win they set aside the winnings to invest.

the conclusion just gamble according to your wishes but always remember to use your money wisely and don't forget to save or invest for the future.
being a responsible gambler safer.

[Jody.Drummer]

I think you are getting it twisted here, but lemme give you little eye opening or guide for you to understand what I meant:..
Let say you go out for a date or for a hang out and you spent $40 in buying what you are taking to give you good health is far much better than using that money to gamble and in returns you lost everything, the person who uses his or her own to spent in her health will be happy because the money enters in her life to revive her right?.

Okay I know you would want to asked what if that $40 was a life changing bet, Yes I know but we have it in mind that gambling has two sides that is "win/lose" so whenever you play there is every high tendency that you must lose the game because winning are always rare to come.

So, the person who spent her own in her health or used it to buy something that would benefits them will appreciate it the more, unlike me if i spent money in buying my daughter a gift I values it than putting that money into gambling why because I can't really define the outcome of that money whereas if that money was put into something it would have more value than that of gambling.

There is no need to explain further, I understood you quite well. We both have different opinions on what gambling is and how it should be done. Your perception of gambling is more negative than it actually is. For someone who thinks so little of gambling as a hobby and only see the “wastefulness” of gambling and dangers of gambling addiction, it’s surprising that you spend a lot of time in the gambling section.

The point is that everyone has different perspectives and views on gambling, there are some people who think that gambling is part or one of the places that are fun for them without any excessive actions that lead to waste and there are also some people who think that gambling is completely negative and no matter how you treat it, it is still a negative activity that should not be done> I understand this, and the point is like I said above and you also said the different perceptions of each person, and the other thing is that each person has their own preferences, some people view gambling very negatively and some people are normal.

On the other hand I think you here have a pretty good point of view on gambling even though you are involved in gambling, because you only consider that gambling is nothing more than an activity or a place to provide you with entertainment and not income, this is the right understanding of gambling if you really want to get involved in this activity. In fact, both your point of view and that of the other person are good but there may be a slight difference, and you explain the understanding that can keep you awake in gambling activities so as not to suffer a significant number of losses by not taking anything seriously and only considering that gambling is nothing more than a place of entertainment when you have free time.

[goaldigger]

First of all I wanna say that we shouldn't mix up two different things that Investment and another one is entertainment. I don't think that here all gamblers are play gamble only for the money of gambling as a investment purpose. I always take gambling as for fun And I think everyone should gamble with that in mind. Many people here take gambling as a source of income and keep money as an investment, and I think they are the ones who face big losses in most cases, as well as their amount of money wasting.
And I think those who gamble their affordable funds for fun, I don't think their money is wasted. Because entertainment and investment are not the same.

You can only consider gambling as your investment if you are the owner or a stock holder of a gambling company, the rest as a player you should not consider this as your investment. We all know the risk in gambling so we have to treat it the right way, and yes it's good for entertainment and not a good source of money or income. Risking everything in gambling is not worth it, so make sure to have your limit always and make sure you are gambling with your own and extra money.

[Beparanf]

Put this in places that if you keep those money into investment do you know how much you would gain by the end of the month or year without even you making such profits while gambling but yet we kept preaching the word "gamble with what you can afford to lose" why not some people use that same money to go into bitcoin investment or any other investment that could help their lives rather than wasting them into gambling and even secure a better winning themselves.

Does this really make sense, sometimes I have to reason twice and come to think about something very important which we don't always pay heed to because we always believe that when spending about $1 to $4 is something we can afford to lose right but, it may surprised you if you Sum all this little dollars into investment and savings you (we) would probably make a good investment and savings at the process reducing our gambling rates and lost.

Let us discussed to if this can save someone from gambling addiction.

You are confused because you are assuming that investing will surely give profit at the end of the month without considering potential loss of total investment. Investment is still not a sure profit which means you can lose just like gambling. The only difference was the control to your profit since you can analyze increase your profitability.

Also you are neglecting the chance of getting profit on quicker way. Losing is not only the outcome on gambling because you can win huge amount if you manage to get lucky. This is the potential outcome which many gamblers is expecting that’s why they are gambling for a chance of quick profit which is very hard to get on investment for a short period of time.

[maydna]

You can only consider gambling as your investment if you are the owner or a stock holder of a gambling company, the rest as a player you should not consider this as your investment. We all know the risk in gambling so we have to treat it the right way, and yes it's good for entertainment and not a good source of money or income. Risking everything in gambling is not worth it, so make sure to have your limit always and make sure you are gambling with your own and extra money.

We will not considers gambling as our investment because when we gamble, we use money and ready for the losses that we may get. If we don't wants to lose that money, we must prevent it and always be careful spending the money. We can only gambling with what we can afford so we don't playing gambling excessively and we know that there is a risk behind of gambling. We will treat gambling as entertainment and not a source of income because we know that will only gives us a loss. That's why when we gambling, we always use the money we can afford and will not breaks the limit that we already set. Otherwise, we will lose much money and we can't accept it with easy.

[Rufsilf]

With all humanity, I have came across several topics and thread that speaks about gambling with what we can afford to lose, sometimes this kept me wondering and pondering why this words "Gamble with what we can afford to lose" is always common.

The reason most gamblers advise other players to "gamble with what we can afford to lose" is, in my opinion, because they want us to be responsible and attentive to how we play. Of course, vices and pastimes serve as a source of amusement for people looking to unwind from the stresses of daily life. Because you can quickly get out of control if you live your life strictly in the moment, empty of humor, or engage in activities that bring you joy. I mean, for example, if you have a stable income, you would, of course, set aside a small portion of your entertainment budget for a night at the casino.

Put this in places that if you keep those money into investment do you know how much you would gain by the end of the month or year without even you making such profits while gambling but yet we kept preaching the word "gamble with what you can afford to lose" why not some people use that same money to go into bitcoin investment or any other investment that could help their lives rather than wasting them into gambling and even secure a better winning themselves.

Let me put it in another way, consider that even though smoking and drinking alcohol are vices that are bad for one's health, why would someone waste money on them? The answer is simple: either they enjoy it or it helps them deal with stress and other challenging emotions. When people smoke or drink, they put their immediate satisfaction first, which is how habits develop.

[Asuspawer09]

I mean that is probably how we should do it right, gambling only the amount that you can afford to lose is probably the best strategy to control your gambling, one of the things that you need to avoid on gambling is your emotion if you're gonna get carried away by your emotions that is the time your gonna lose huge amount of money, probably you're going to still continue even though you are already at your set limit on gambling because your getting frustrated and wanted to win.

That is just probably what you wanted to avoid, but as long as you are gambling a set amount of money that you can afford to lose, it's not going to be a bigger problem in the long run, yes you might lose your bet right if you're not lucky. But then you could just try again some other time the next time you recover that lost funds, I mean if you're gonna set 100$ on gambling it wasn't that big of money since we could say that next month you probably gonna get your salary, for example, 1000$, you could easily recover from that lose. The bottom line is you not gonna get a bigger problem in the end as long as you only gamble the amount the you afford to lose.

[Mauser]

Does this really make sense, sometimes I have to reason twice and come to think about something very important which we don't always pay heed to because we always believe that when spending about $1 to $4 is something we can afford to lose right but, it may surprised you if you Sum all this little dollars into investment and savings you (we) would probably make a good investment and savings at the process reducing our gambling rates and lost.

Let us discussed to if this can save someone from gambling addiction.

In a general sense you are a absolutely right, if we stop spending all our money that is not absolutely necessary, then we could invest more money. All these small purchases we make on the side could lead to a decent amount if we grow it over time. The problem is that would we really manage to stop spending all that money? I have seen so many friends, including myself struggling with stopping to smoke. I spend so much money every week that was not only harming my health but also my wallet. So, if you really can stop all the money spending without treating yourself than go for it. Unfortunately, I am not strong enough for that. If I wouldn't spend an evening at home gambling, then I would go out with some friends for a few beers or for a nice dinner. Putting that money into consideration to my gambling budget, I think it's fine to gamble. Also with gambling I have the chance to make some money back, with drinking all the money is gone and worst case I have a hangover the next day.

[klidex]

If gamblers switch to investment then the gambling sites will close and go bankrupt because people will switch to investment, actually it can't be compared because it's like you buy clothes at a fairly expensive price and the clothes are only worn a few times and you start bored and don't wear it anymore, can the clothes be sold? It's also the same as if you're wasting money, as well as gambling, it's like we're playing, but the game is paid. But if our goal is just entertainment, we don't think about how many dollars we've spent playing gambling all this time, because if we look at it, we've lost a lot likewise, when we spend money to buy things that we don't really need and in the end we don't use them anymore.

Investment is indeed more profitable in the long term when compared to gambling where the percentage of loses is greater than investment, but sometimes there are people who think of using most of it for investment and a small part for gambling so that both are the same, the most important thing is that the gambling does not exceed reasonable limits so that the gambling is not disturbed and investments are only made for people who don't want to lose because gambling requires a strong mentality to accept losses.

[redsun114]

Your point is valid but only for people who are gambling but aren't saving money or making side investments because if a person is saving some money, keeping investment funds on the side, covering all their expenses, and then using a few dollars for their gambling activities because they can afford to it, there is nothing wrong in that. Everyone has the right to live their lives the way they like it, and if one can afford to do a certain thing, they should do it.

However, if a person isn't earning enough money to have savings, investment funds, and then some bucks spared for their gambling activities but they are prioritizing gambling, that is a wrong approach without a doubt, and such a person is to be blamed for doing that because gambling should be the last thing one should do if they have funds left after their personal expenses.

[South Park]

Your point is valid but only for people who are gambling but aren't saving money or making side investments because if a person is saving some money, keeping investment funds on the side, covering all their expenses, and then using a few dollars for their gambling activities because they can afford to it, there is nothing wrong in that. Everyone has the right to live their lives the way they like it, and if one can afford to do a certain thing, they should do it.

However, if a person isn't earning enough money to have savings, investment funds, and then some bucks spared for their gambling activities but they are prioritizing gambling, that is a wrong approach without a doubt, and such a person is to be blamed for doing that because gambling should be the last thing one should do if they have funds left after their personal expenses.

I agree, we need to strive to reach a balance, just as it is wrong to spend all our money and not save any of it for our future, it is also wrong to not use any of the money that we earn to obtain a bit of fun once in a while, what we need to do is to save a significant portion of our monthly pay, and whatever money that we have left after paying for our bills is money that we can use at our own discretion in whatever we want, including gambling with it so we can relax and enjoy ourselves a little bit.

[oktana]

.Then I think we should change it to “If you must gamble, gamble what you can afford to lose” because that is the point of that phrase. It isn’t as if it is encouraging people to gamble but it is saying that for those who gamble, do you overkill yourself just because you are desperate or greedy to make money.

For gambling addiction, you need to gradually gamble with lesser money while you channel your energy elsewhere. I do not advice anyone to gamble, I even decided to stop gambling but will always caution and advice people who still do it so they make better moves and decisions.