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

[michellee]

The phrase “Gambling with what we can afford to lose” is something we should always remember. People can use more money than other people because each person has different limits. We have to control the risks in gambling so that we don't experience too many losses.

If people used a lot of money to gamble but they can't afford to lose, they have to change their mindset. They really need to learn controlling themselves so they don't gamble excessively. We can't win a lot of money from gambling if we don't have luck.

Instead of experiencing much losses that we can't afford, it's better to avoid by limiting the money we spend on gambling. That will prevent from the risk of losing a lot of money. That's where we have to be able to become responsible gamblers when playing gambling.

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[Volimack]

We should not gamble with so much money that we will not regret it later. Chances of winning in gambling games are small amounts can be thrown so that if you lose you go over a small amount. But in my opinion saving money from investing in gambling is more profitable than investing in proper gambling risk. Here you can afford to lose more. From this you will feel comfortable spending your money on other things.

[Apocollapse]

It's what exactly the gambling addicts are thinking, they always believe they will win huge amount of money and that can recover all of their losses, how it's different with think it as an investment? so you're supporting a gambling addict here.

Don't mix between gambling and investing, in gambling every penny you bet you will lose, but in investing, as long as you didn't sell your investment, it just an unrealized loss.

[Jody.Drummer]

People can quit gambling if they don't find it interesting and not everyone will go into investment because they have already invested enough and you have to understand something that not everyone would come here to start announcing how much they have invested or how much they have. Investment doesn't calls for announcement rather is something to do within your power than start pipelining every single amount that comes from your pocket to put into investment that means you can't lose any dollars if you were taking everything to be that serious in your life, I know we need to be very mindful with the kind of amount we do spend on an irregular things but sometimes those amounts are being put there to catch fun.

Everyone certainly has different preferences from others and for those who like gambling, of course they will never think about saving or even investing because most of the income they get is used up for gambling and when they win they forget about the losses they have made, but for Some people gamble and can still control their gambling activities so they don't lose a lot because they don't gamble continuously and I don't think anyone can win gambling continuously so it's important for us not to gamble too often.

True, you have pointed out one of the reasons why gamblers or people who have a hobby of gambling are more concerned with gambling which basically has no certainty whatsoever in terms of earning than investments or other things that do have the potential to grow their amount of money over time, but this is the difference with gambling, which is that casinos provide opportunities for everyone to make money instantly, but all the good results that exist in gambling are nothing more than a "coincidence" situation which means that you win when you are really lucky and nothing more than that.

So the reason why people prefer to gamble is because they like something instant but unfortunately they misunderstand what is called opportunity in gambling, they think that it is not easy or very easy to win there, even though the fact is that they are just wasting money slowly. as time goes by and even though they win it is a fact that the winning amount is actually their own money which in several previous sessions was lost due to losses, but still as you said a gambler will easily forget the amount of their losses when they succeed in winning and what it means the increase in dopamine in the brain completely shuts down all memories of their previous defeat. On the other hand, investing is a good idea but unfortunately this is not something that gamblers want, especially those who are too tempted by winning.

[Z390]

The type of money that you can invest in Bitcoin is not the type you call money you can afford to lose like gamblers use to say, that money is for investment, the amount should be higher than money you risk in gambling, why? It's Bitcoin, the confidence in investing into Bitcoin is incomparable, investing is massively different from gambling.

I can afford to invest $100 into Bitcoin every month, but I can only afford to risk $10 in gambling every month, you want to know why? That's because one is reliable than the other, so far the money that's going into Bitcoin is not the money that I will be needing in few months and years to come it's worth the investment, but gambling? It's like wasting away all your money.

I do both and I know the difference between both, the amount that gambling deserves is far lower than the amount the Bitcoin deserves, Bitcoin is a decentralized digital asset, even big names in the world are getting a piece of Bitcoin max supply, hell yeah, it deserves more money from me than gambling.

[Strongkored]

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

Everyone has a different mindset as well as different ways of getting pleasure, if you think that investing is much better than gambling of course it is true but what about people who spend their money in other forms and the goal is also to get pleasure, is it wrong? for those who do not like these activities will certainly be said to be wrong but not for those who like it, then what is good? The good thing is when we can also have fun but also still invest, if gambling can provide fun then do it but don't neglect about investing, but indeed we cannot consider gambling as an investment because even though it has a chance of winning big but it is not a good way to double our money because when getting big money quickly it is very likely that we become shocked and forget or are unable to bear it so that we lose more because we are not mentally prepared to receive the big money.

[aioc]

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.

You are implying that people should stop gambling and instead put the money in investment ventures, I don't think people will do that, people gamble and they have reasons for that, some of them already have an investment and they need something that will entertain them, and some people prefer to gamble to have a chance to make and at the same time to have fun.

It's good to have an investment portfolio but it is also good that you have a diversion from all your business and your office work and they have the gambling platform to turn to, for a responsible guy he can have both, having an investment portfolio and playing in a casino at the same time.

[Zigabel]

It is not the first time I see that argument and I still disagree, not everything in life is about earning money, the money that we work so hard to obtain also needs to have as a goal to make our lives easier and more enjoyable, since if we were to use that kind of reasoning about gambling then why not use it for everything else and save yourself all the money that you use to entertain yourself? In that case you will most likely end up with quite a sum of money, but you will bored out of your mind during that process, assuming you could do it, which I doubt.

We don't have to earn money from everything we do, sometimes there are things we do and we just basically do them for fun and for our health to be able to relax and enjoy nthe moment, even at work after working, w edo take out some time to rest and while doing such we have to add relaxation and entertainment to such form of rest so that we get to be refreshed after the whole long while of working, a time to rest, refresh and get back to work again wouldn't be a bad idea because we definitely need to rest at times and be able to get back refreshed and appear even more efficient for work than we have ever been.

If we hope to make money out f everything we do then at some point e might just be stressing much more than the body and take and should have but then we we need the break and entertainment as these are part of the reason we work so we can obtain a good life.

[slapper]

It is not the first time I see that argument and I still disagree, not everything in life is about earning money, the money that we work so hard to obtain also needs to have as a goal to make our lives easier and more enjoyable, since if we were to use that kind of reasoning about gambling then why not use it for everything else and save yourself all the money that you use to entertain yourself? In that case you will most likely end up with quite a sum of money, but you will bored out of your mind during that process, assuming you could do it, which I doubt.

We don't have to earn money from everything we do, sometimes there are things we do and we just basically do them for fun and for our health to be able to relax and enjoy nthe moment, even at work after working, w edo take out some time to rest and while doing such we have to add relaxation and entertainment to such form of rest so that we get to be refreshed after the whole long while of working, a time to rest, refresh and get back to work again wouldn't be a bad idea because we definitely need to rest at times and be able to get back refreshed and appear even more efficient for work than we have ever been.

If we hope to make money out f everything we do then at some point e might just be stressing much more than the body and take and should have but then we we need the break and entertainment as these are part of the reason we work so we can obtain a good life.

Do we really think life is more than money? Correct, but it's more than taking a break. Understand the intricate life equation where not every variable has a dollar sign. Happy, healthy, and productive are the keys to a fulfilling existence

If you're always in earn mode, you're missing life's wealth. Same as eating without taste. You're fed, yet where comes joy? Not only is efficiency about quantity, but also quality. Well-rested minds cut through issues like butter. So before you call downtime unprofitable, consider the true cost of never turning off. Surprise: it's higher

[Shishir99]

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

Actually, if someone wants to stay away from gambling, they have to be responsible. If you have a family and you know that you are responsible for your family income and you have to maintain everything, then you cannot gamble? You know that gambling is pure risk and you cannot do it if you are responsible for your faimly expenses and everything.

So, if we use a term like invest what you can afford to lose and invest the amount in Bitcoin, it could be turn into a massive investment. If someone invest $10 per week or let's say $50 month for a long time, their investment may grow in the near future.

[qwertyup23]

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.

I mean everything boils down to your preference if you want to invest that money or if you want to splurge it in gambling.

The term "gamble the money that you can afford to lose" is a general term that you can pretty much apply anywhere for as long as you have the extra funds to use your money with. Some people want to invest the "money that they can afford to lose" to stocks or crypto; while others may use it on their hobbies or in gambling.

I also agree that if people save that "money that they can afford to lose", they would have made a good investment in the long run. But at the end of the day, it's their money and they have absolute authority on which things they would use it on.

[coin-investor]

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.

Gamblers are aware that you need to invest to secure your future, and they also need to unwind or have a diversion many investors prefer to enjoy their time in casinos many big businessmen in our country are patrons of physical casinos, some of these businessmen talk about their business or do a deal inside a casino while they are taking rests.

We should not judge people who gamble because we don't know them personally, it's their money, and it's their choice what to make out of it as long as they are responsible gamblers, some gamblers are successful investors, not all who gamble are irresponsible people who do not know how to invest or run a business, one of the owners of one of the biggest mall in our country, frequent casinos so how can you say to him straight that he should not gamble and instead put it investment when he is already running successful companies.

[Yatsan]

It's what exactly the gambling addicts are thinking, they always believe they will win huge amount of money and that can recover all of their losses, how it's different with think it as an investment? so you're supporting a gambling addict here.

Don't mix between gambling and investing, in gambling every penny you bet you will lose, but in investing, as long as you didn't sell your investment, it just an unrealized loss.

OP is just creating an advice to divert the amount being spent in gambling to investment given that risk is present to both gambling and investment, but it is more manageable with investments. The idea is already there however, nothing can give you assurance eitherway. There are people who are losing with investments and people who does the same with gambling. It just depends on your preference on which pathway would you be taking the risk. It might differ to one's perspective; high risk high reward or low risk but will be giving you a chance to win big time in a instant. Not all people are into investments and also with gambling. There's a huge difference indeed with the experience however everyone's having the same goal which is to earn profit.

Gambling is profitable with games wherein analysis works such as with sports betting. Although it won't still guarantee profit but will still give you the possibility. With investments, not all projects or assets are profitable as well. We just have our own ways to deal with risk.

[YOSHIE]

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.

There's no denying that if you talk about investment and gambling, of course investment has a good chance of making a profit, gambling also has a big chance of losing, that is, humans always have opposing thoughts, none of which are the same, that is a big challenge in human life.

We all know gambling and investment, understand all the risks, but people still dive into the world of gambling, even though they know the risks involved, The point is that humans have two elements in their bodies, intelligence to think and lust to plunge humans into the black valley. The point is that it comes back to humans themselves, the best way of thinking for them.

[Rabata]

In Bitcoin investment you can't say you don't lose like gamblers do lose, everything in this life is all about risk and it depends on how you go about it, at this point I must say Gambling is another form of business/investment that can generate money as well as Bitcoin and the both doesn't favor everyone who engage in it.

There are some differences between gambling and investment but if we think deeper sense about gambling then I would also say that gambling is a type of business which is riskier than other investments. We can somewhat relate gambling to business. Any platform is risky when it comes to investing. Even though we know about the potential of Bitcoin, there is no guarantee that we will be profitable there. The same situation exists in gambling. An advantage in investing in Bitcoin is that there is no full loss of money, but it can be lost in the event of a gambling loss. But if one gambles as much money as he is ready to lose then gambling will not have any negative effects. Directly gambling cannot be considered as investment but indirectly it can be called investment but not in all cases.

[Gozie51]

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.

There is two angles to this, the knowledge of bitcoin and the zeal to invest in bitcoin. Some people don't have such knowledge or information that there is bitcoin and how to invest in it. This is why the saying that information is power is very apt. What you don't have the information then you will be acting in ignorance of it. I won't conclude that people don't want to invest in bitcoin because I know quite a number don't know about it. And the second point is the feeling that bitcoin is a scam. Some people also still feel this way and for such people who fall in the category of gamblers would prefer gambling their money rather than putting it in a "scamming venture" 

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.

Have you heard of people saying gambling is investment? People have different views and that reflects on their investment too. So some people believe gambling is also part of investment. They don't see it as merely fun or what they gamble but they regard it as investment and so when they stake they expect a certain return from the investment. Thus, this kind of people, your good idea will not make much meaning to them because as far as they are concerned, they are equally investing with their money through gambling.

[ethereumhunter]

People gambling with their money but only few people who gamble with what they can afford to lose. Many people doesn't realize about limiting their money to playing gambling because their intention is change into chasing the winning. They adding more money to their account and used it place a big bet because they think that when they get big win, they can get much money. But that is not like what they imagine because in gambling, they must realize that they can lose much money if there are no responsibility playing gambling. They will lose all of their money without having a chance to recover.

The more money they used, the chance to lose will be bigger. Once they lost, they will regret it and can't realize what they did. But everything is happen and can't turn back and only accept the fact.

[sunsilk]

That's what I am also hearing from the financial advisors and you're not wrong at all. It does makes sense if someone who spends little amount in gambling will put it into investments or assets that soon will grow.

But, it is their money and they are the one to decide on what they do with their money. It's okay to spend that small amount and they can do whatever they want with it.

Just do remember that if they can't get themselves in control, they're all free to stop.

[Mia Chloe]

I have had a line of consistency in my posts with the misuse of that phrase, which for many is the belief of getting out of the problem they are in and for others it is their dose of medicine for those who believe that using this phrase with their friends They are going to save them.

 The point is to be clear that this phrase does not give you the freedom to use money and burn it.  And then it has the anti-addiction effect.

Yes investing what you can afford to lose in gambling activities is more of a fail safe or discipline measure. Now the difference between a gambling addict and a non gambling addict is how seriously they take gambling plus how intensive Their stakes are with respect to how financially stable they are. Someone who stakes $20 could be a nasty gambling addict whereas someone staking up to $500 could be a disciplined gambler. It all depends on how solid their financial status is.
Sometimes we wish we staked more when we win but the truth is you never know you will win till you've won. Still gambling should not be seen as an investment.

[dothebeats]

People's reasoning regarding this is that gambling produces faster turnaround time for results, whereas in investments, it's trickling down for a long time before you can reap something. Most people who go the route of gambling to make money wants instant result, even though that's not possible most of the time due to the element of luck and chances involved. With investments, you are slowly building something, but at least it's being build and don't have a huge possibility of being destroyed any time soon.