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Author Topic: Do the juice Worth the squeeze?  (Read 912 times)
Shamm
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March 14, 2024, 07:14:45 AM
 #41

The purpose of gambling is for fun so you should not think about draining your time and money because basically when there is free time and more money to bet then it is not a problem and will not even interfere with your work, but if they are a gambler who always hopes for more then it will interfere with all your activities that should run properly.

Don't tell me the benefits of gambling, I'm more aiming for fun then for more priority then work or investment is the main thing should not be missed just because of gambling.

Agree with this mate the purpose of a gambling is for fun to those gamblers who love the game. And also we are all know that through gambling we can feel happiness that we cannot felt from anybody. But we must all remember that we should not go beyond our limitations in order to still have the momentum in life or let say we have a discipline in ourselves cause if we don't have discipline then there's a chance that we got addicted and once that happen Many circumstances will come on us.

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March 14, 2024, 07:55:51 AM
 #42

I'm not the type of person who gambles to get more money than that. I gamble to have fun - if I win it's great, but if I lose it doesn't matter. Because when your main gambling orientation is to be able to get money from it, in the end you will be stressed when you find out that you are losing more than what you are getting. You also think about the time and energy you have put in, so that your gambling has no meaning other than making you stressed. So instead of me feeling like that, I'm not too money oriented when gambling and just gamble for fun.

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March 14, 2024, 08:17:28 AM
 #43

To make it simple, no, a very big no, gambling should not be treated as an investment. Although investing and gambling are similar in the sense that you can lose money from a wrong move or decision or by fate, the chances of losing in gambling are too much because you can only or mostly rely on luck, meaning if you are not lucky enough, don't bother to have hope that you will earn in gambling. Meanwhile, in investing, if you did this stuff correctly and with caution, you will have the guarantee of earning. It's much more worthy to allocate your time, effort, and money in an investment or business than hoping to win big in gambling that might not come.

There is also no guarantee that if you invest or start a business, you will be successful or that your life will change. It still depends on how you do in your stuff, but at least the margin of losing money is not too much.

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March 14, 2024, 08:32:15 AM
 #44

It's up to a person. I gamble for fun, even though I do not always win. I do not rely or invest in gambling since outcomes are not guaranteed. It's just like flipping a coin, you can get heads or tails, simple 50/50. There are chances that you can win big and sometimes you can also lose money.
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March 14, 2024, 08:32:20 AM
 #45

Agree with this mate the purpose of a gambling is for fun to those gamblers who love the game. And also we are all know that through gambling we can feel happiness that we cannot felt from anybody. But we must all remember that we should not go beyond our limitations in order to still have the momentum in life or let say we have a discipline in ourselves cause if we don't have discipline then there's a chance that we got addicted and once that happen Many circumstances will come on us.
Because gambling is something that is closely related to luck, it is not good to use gambling as an activity other than an activity that will make us happy. For example, gambling as a place to make money, or even stranger as a place to invest. Unless we invest in the casino owner, perhaps that would make more sense, but the question is does a casino still need an investor? because they already have a lot of money, especially if we don't have a name that we can use as a promotion.
Wrong thinking patterns will give rise to something wrong, out of nowhere someone might think that gambling can be used as a place to make extra money. Do they really not know the risks of gambling or do they turn a blind eye to the risks involved in gambling?
Because I'm sure if someone uses their rationality, then they won't think that they can use gambling as a place to provide them with additional income. This is what ultimately makes people addicted to gambling, yes, they made the wrong way of thinking at the start so that made them take the wrong path.

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March 14, 2024, 08:40:35 AM
 #46

Hi,

As everyone knows the goal of betting is to get the largest amount of money , knowing that the risks do not change whether you bet a large or small amount, and sometimes the amount you bet with is your capital, and this drains you of your time and money, and perhaps your work and daily tasks.

Do you think that the benefits in gambling Worth the invest of your money and your time with knowing that your chances are Just 50/50?

Don't get it twisted, in gambling, we don't invest anything because gambling can't be considered as investment, if what you are risking on gambling is mind boggling for you then you should be turning that money into buying an asset or something that's worth calling investment.

Do you know the type of money that's fit for gambling? The kind that you use to buy biscuits for kids when coming back home every day after work, it's biscuit money, if lost there is nothing to regret there, it's not something worth thinking twice about.

See, I don't pity gamblers that lose money, if it's painful for you then you are risking too much, find a way to lower the amount and also lower your expectations, people like trying to solve a problem with more problems, we can see a lot of examples among gamblers today.

.
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March 14, 2024, 08:50:21 AM
 #47

Hi,

As everyone knows the goal of betting is to get the largest amount of money , knowing that the risks do not change whether you bet a large or small amount, and sometimes the amount you bet with is your capital, and this drains you of your time and money, and perhaps your work and daily tasks.

Do you think that the benefits in gambling Worth the invest of your money and your time with knowing that your chances are Just 50/50?


          -    For me, it is not good to think of gambling as an investment because gambling is not a type of investment. Everyone also knows that gambling is a place to waste money in reality.
That's why it's only appropriate to make it an amusement place where whether you win or lose is fine with us.

And gambling should only be a place for us to relax or be entertained, because if we think that it is an investment, it can be said that the mindset of a gambler is wrong if this is his perspective on gambling.

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March 14, 2024, 09:22:23 AM
 #48

As everyone knows the goal of betting is to get the largest amount of money
Nope, I disagree, so you can't claims "everyone" here. Getting the largest amount of money means you're trying to hit the jackpot or bet with max amount, I'm neither of them, for me winning some amount of money is enough.

If you're gamble just to earn money, don't mind to spend a lot of your money and time, it's not worth because you will broke.

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March 14, 2024, 10:01:33 AM
 #49


Do you think that the benefits in gambling Worth the invest of your money and your time with knowing that your chances are Just 50/50?
I dont think its safe to use the word “invest” in this context because gambling is not an investment and anyone bearing this type of thought is on the wrong path.

There's a reason why gamblers are always advised to use money they can afford to lose - with that kind of money you'll have to worry less about losing it. so the idea or the fear of staking when yYou know the odds of you winning is 50/50 won't be there to hinder you from gambling. only those who lack good bankroll management skills are the ones that are going to feel it each time they want to stake their money on a game but those who have a well-managed bankroll won't feel it because they already have everything under control.
Investing is similar as allocating, so it's possible to use the word in so many ways. Even gambling in a casino and investing on an asset also have similarities because we are both taking risks when we do them and just like in gambling, we also invest or allocate a time for doing research and others when we invest on an asset and we are also being advised to invest only according to our own capacity.

Despite of it, there is still a fear but we need to face it if we want to grow our capital. I know this is funny but those who are more careful are usually the ones who are scared, while those who are reckless are not, though they also know how to feel a regret later on.

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March 14, 2024, 10:45:05 AM
Last edit: March 27, 2024, 09:20:50 AM by Silberman
 #50

Hi,

As everyone knows the goal of betting is to get the largest amount of money , knowing that the risks do not change whether you bet a large or small amount, and sometimes the amount you bet with is your capital, and this drains you of your time and money, and perhaps your work and daily tasks.

Do you think that the benefits in gambling Worth the invest of your money and your time with knowing that your chances are Just 50/50?

If your intention is to make money then probably not, since the amount of time needed to make any amount of money is very high, and even if you were to achieve your goal, you will begin to be banned by casinos as they get to know that you are a professional player, making gambling one of the few professions in which you get banned the better you become, but if your intention is to have some fun, gambling is without a doubt a hobby you can enjoy once in a while.
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March 14, 2024, 11:20:41 AM
 #51

As everyone knows the goal of betting is to get the largest amount of money ,
For some people, this is just a secondary goal their goal is to enjoy playing and take profit when there is an opportunity to win money but it's not the main goal for some.

Quote
knowing that the risks do not change whether you bet a large or small amount, and sometimes the amount you bet with is your capital, and this drains you of your time and money, and perhaps your work and daily tasks.
Do you think that the benefits in gambling Worth the invest of your money and your time with knowing that your chances are Just 50/50?

It is human instinct to take a chance to double what they are betting even though the house has the edge, people are thrilled with the challenges it's what makes us alive, if you happen to visit a physical casino you will see people's faces on how they are excited and thrill on every roll and bet, some people derive their pleasure from gambling so gambling has benefits for these people.
Gambling produces dopamine in the brain, which is a reward system that makes gamblers thrilled and got their pleasure.

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March 14, 2024, 12:27:05 PM
 #52

Hi,

As everyone knows the goal of betting is to get the largest amount of money , knowing that the risks do not change whether you bet a large or small amount, and sometimes the amount you bet with is your capital, and this drains you of your time and money, and perhaps your work and daily tasks.

Do you think that the benefits in gambling Worth the invest of your money and your time with knowing that your chances are Just 50/50?


Hi, For me as a gambler and investor, I don't look at the time I spend on something, I look at its outcome especially when I finish doing it, and another thing, I don't treat gambling as part of income or some kind of investment, I'm doing it for my own pleasure and to challenge myself since I'm just doing it as a hobby or one of may pass time. Maybe I can only say that the time I devoted to gambling was worth it when I won big or I was satisfied with the enjoyment and excitement I felt.



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March 14, 2024, 01:01:28 PM
 #53

Hi,

As everyone knows the goal of betting is to get the largest amount of money , knowing that the risks do not change whether you bet a large or small amount, and sometimes the amount you bet with is your capital, and this drains you of your time and money, and perhaps your work and daily tasks.

Do you think that the benefits in gambling Worth the invest of your money and your time with knowing that your chances are Just 50/50?


50/50 chances means you are gambling. Although per books it could be 50/50 but you have to be confident that you have over 50% win rate so you'll end up winning in the long run. You can squeeze the juice if you want, make it result to a bigger odds so you need just 51% to be profitable. Most of us bet on 1.90, that is 10% juice for the bookies, but we can eliminate tthat if we bet on 2.00 odds every time, with the right bankroll management and 51% win rate, we will be profitable in the long run.

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March 14, 2024, 01:09:23 PM
 #54

Hi,

As everyone knows the goal of betting is to get the largest amount of money , knowing that the risks do not change whether you bet a large or small amount, and sometimes the amount you bet with is your capital, and this drains you of your time and money, and perhaps your work and daily tasks.

Do you think that the benefits in gambling Worth the invest of your money and your time with knowing that your chances are Just 50/50?


It shouldn't really be about making a huge amount of money and forgetting that it's all generated mostly for fun and entertainment,when you make it seem that way your opening the floor of loosing your money to it because your mind is set to explore and make more money out of it which makes it not worth it.
But looking at the fact that you can feel relaxed when doing so cause you ain't putting more money to it makes it all better and suitable.its only one who's idle and greedy about making money by all means that will take up such task.
So the benefits your talking about it's not profitable as whereas gambling is not an investment platfor that you invest your time and money,so it doesn't worth any benefits it's just for fun.

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March 14, 2024, 01:20:54 PM
 #55

Hi,

As everyone knows the goal of betting is to get the largest amount of money , knowing that the risks do not change whether you bet a large or small amount, and sometimes the amount you bet with is your capital, and this drains you of your time and money, and perhaps your work and daily tasks.

Do you think that the benefits in gambling Worth the invest of your money and your time with knowing that your chances are Just 50/50?


Hi, For me as a gambler and investor, I don't look at the time I spend on something, I look at its outcome especially when I finish doing it, and another thing, I don't treat gambling as part of income or some kind of investment, I'm doing it for my own pleasure and to challenge myself since I'm just doing it as a hobby or one of may pass time. Maybe I can only say that the time I devoted to gambling was worth it when I won big or I was satisfied with the enjoyment and excitement I felt.


That is the best option of all, seeing the game as a hobby option, keep in mind that in most cases things can become very difficult if we treat the game as if it were an income, job or something where it gives money, it is o The worst that can be done, I have always seen things like that, the game has to be something to have fun, not take it as if it were an investment or something like that, because it is basic that things that risk money cannot be treated as if it were something certain ,because it is easy to lose money there.

If we look for a way to make money, I think that taking it as a hobby is the best possible, but always controlling myself in everything, because money is what is spent the most, and it is what we must take care of the most, for that reason we have to Take care of our money, do not make use of money as if they were worthless papers in a casino, each dollar of ours is very valuable, because in casinos each dollar is not given away.

R


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March 14, 2024, 01:25:59 PM
 #56

First, gambling ≠ investment.
Second, gambling isn't 50/50, it's mostly 49 (gambler)/51 (casino).

So if you think the amount you spent is an investment and you will able to beat the casino because both of the party have a same winning chance, you're completely wrong. Gambling is only for fun, where the amount when you lose or win will not harm your daily activities.

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March 14, 2024, 01:58:56 PM
 #57

Hi,

As everyone knows the goal of betting is to get the largest amount of money , knowing that the risks do not change whether you bet a large or small amount, and sometimes the amount you bet with is your capital, and this drains you of your time and money, and perhaps your work and daily tasks.

Do you think that the benefits in gambling Worth the invest of your money and your time with knowing that your chances are Just 50/50?

Sometimes it's dependent on the outcome, if the outcome or the expected outcome is really big then it could be considered worth the while but then probability attached to it has always made it feel different that you may not really want to risk it because you feel it's too risky to invest thst much especially when you loose its even a worse feeling. Before you gamble it's actually important you make this kind of analysis as to if it will be worth the while or no and that will determine the kind of risk you will be willing to take on any of such games.

Before you risk any amount check the risk to reward ratio and If it will means that your losses will be minimal as compared to your wins then it's could be considered a fair deal but of your losses will out weigh the win than it's never a deal to consider because it's not balanced at all. Gambling with your risk to reward ratio been considered is a go strategy to help you know how well to still consider gambling.

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March 14, 2024, 02:06:51 PM
 #58

First, gambling ≠ investment.
At least for most of us, but there are gamblers who considered it as an investment as they are making money from it. Successful poker players makes money using their skills, i think they can be proud to say that they consider gambling as an investment, the same goes with successful sports bettors as well.

If you don't believe that skills can help you win in gambling, then you will always believe that "gambling ≠ investment.".. (as you stated).


Second, gambling isn't 50/50, it's mostly 49 (gambler)/51 (casino).

If there's a house edge, Yes!


So if you think the amount you spent is an investment and you will able to beat the casino because both of the party have a same winning chance, you're completely wrong. Gambling is only for fun, where the amount when you lose or win will not harm your daily activities.

Again, this "skills" thing is not applicable against a casino as no one could beat long term a casino that has a house edge.


R


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March 14, 2024, 02:17:51 PM
 #59

No. And what you are saying about the risk not changing is incorrect. Try playing Crash and you will see.
When there are high rollers betting the game crashes so fast that it cannot even go to x2.00. But when there are small bettors left in there, it can go up to x2000. Imagine a gambler betting 1 Bitcoin, do you really expect the gambling site's system to just let it go up to x100 - x1000? I don't think so.
You bet high, chances of getting high multipliers also gets slimmer or the gambling business will go bankrupt in a rush.
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March 14, 2024, 02:34:42 PM
 #60

if you gamble for fun, then you will not consider how much money, energy and time you have spent on gambling. because if you keep calculating this and thinking about it day and night, in the end it will only drain your energy and there is no benefit from gambling in a situation like that. because gambling should be able to give us passion and excitement which can improve our mood. even though at some time we will lose, that's gambling, and if you are a responsible gambler then you don't worry too much about it.

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