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Author Topic: Which of these betting Statements Do you Agree or Disagree With?  (Read 686 times)
o48o
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March 30, 2024, 02:42:52 PM
 #141

I want to believe that we all agree that our betting budget should be within 5% -10% of our monthly income as responsible gamblers. However, our perspective on sports betting differs. Look at the gambling sentences and indicate which of the statements you agree or disagree with. You could also write a brief explanation for your standpoint

1. Don't bet all your money on one bet.
2. Bet the same amount on every bet.
3. Don't bet more than once a day.
4. Don't bet every day.

Maybe number 4.
Here's what i think from each of them:

1: It depends what all your money is? Because i am thinking you meant "all your budgeted money", as that is everyone's personal choice, but betting all your existing money ever, not only with one bet would be insane and irresponsible handling of money.
2: This i don't get. What would be the reasoning behind this? You don't affect the outcome by betting same amount.
3: This i don't get either, but people are welcome to set themselves limits that benefit them or help them from making huge mistakes or getting addicted.
4: I need to take brake from things in my life, and that holds true with basically everything i do. As i need times to relax, focus on other things, reflect, and think.

Doing same things daily without any breaks, especially when we are supposed to enjoy them, can make those things mundane and boiring.

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March 30, 2024, 05:08:07 PM
 #142

1. Don't bet all your money on one bet.
2. Bet the same amount on every bet.
3. Don't bet more than once a day.
4. Don't bet every day.


You maybe forgot the most important one which is "Never bet using money you may afford to lose whatever the amount is". I consider these to be the most important statements of all, which, although they have recently been invented and used extensively in trading, but this confirms their essence even more, because trading or investing in crypto can also be considered a form of gambling, given that you can never guess a movement. Price, and therefore the trader will bet on a specific currency, anticipating that its price will rise. Timing is also very important because it is also not possible to accurately predict when this might happen. There are certainly differences between them, but they can be classified under the category of gambling.


There is another rule whose importance I would like to stress: "Not Your Keys, Not Your Coins".

R


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Jody.Drummer
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March 31, 2024, 06:23:09 PM
 #143

1. Don't bet all your money on one bet.
2. Bet the same amount on every bet.
3. Don't bet more than once a day.
4. Don't bet every day.


You maybe forgot the most important one which is "Never bet using money you may afford to lose whatever the amount is". I consider these to be the most important statements of all, which, although they have recently been invented and used extensively in trading, but this confirms their essence even more, because trading or investing in crypto can also be considered a form of gambling, given that you can never guess a movement. Price, and therefore the trader will bet on a specific currency, anticipating that its price will rise. Timing is also very important because it is also not possible to accurately predict when this might happen. There are certainly differences between them, but they can be classified under the category of gambling.


There is another rule whose importance I would like to stress: "Not Your Keys, Not Your Coins".

From some of the precautions suggested above I would agree with your opinion that we should not ignore or even forget other precautions that are no less important which as you said it is "never bet with the amount you cannot afford to lose", this is the most important point in gambling because there are so many irresponsible gamblers who do not have the ability to accept the fact of losing which in turn makes them experience emotions and instead put the amount they cannot afford to lose.

Usually this kind of action is mostly done by beginners, especially those who come because they are too tempted by the name of winning opportunities so they put large amounts because they are too confident and hope for victory, even though gambling is full of uncertainties that can make you feel disappointed at the end of the session when everything does not go according to what you expected. Another thing is that I agree with you that trading or investing can also work like gambling because there is a slight element of similarity in that we cannot fully predict price movements which means that there is always a possibility of risk that can occur at any time when your prediction misses and gambling as well as trading is an activity that involves money and also an activity that cannot be accurately predicted regarding the results of its victory so of course this is the reason why we are more advised to only put the amount of budget that we can be responsible for.

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March 31, 2024, 06:48:14 PM
 #144

1. Don't bet all your money on one bet.
I agree. It makes no sense to put all your money in a single bet, because if you lose, you will have to quit immediately without playing for a considerable length of time, what means it won't be fun for you to gamble. There is a big difference between losing X amount of money after playing for an entire hour and losing X amount of money in few seconds...

2. Bet the same amount on every bet.
Disagree on that one. It's interesting to apply strategies to the game which consist in changing the bet size from times to times. It can be helpful in order to hit a nice win and end the day in profit.

3. Don't bet more than once a day.
I disagree on this one as well. If you have spare time to gamble more than once a day, I see no reason why you shouldn't do this, unless you are already developing an addictive behavior to gambling games. Therefore, it will really depend on the reality faced by each gambler to conclude if they should gamble just once a day or more.

4. Don't bet every day.
Well, this is a good advice. You don't work everyday and don't do the same things everyday, so it should also apply to gambling. It's important to have a diversified routine where you do different activities on each day of the week.

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March 31, 2024, 09:54:22 PM
 #145

I want to believe that we all agree that our betting budget should be within 5% -10% of our monthly income as responsible gamblers. However, our perspective on sports betting differs. Look at the gambling sentences and indicate which of the statements you agree or disagree with. You could also write a brief explanation for your standpoint

1. Don't bet all your money on one bet.
2. Bet the same amount on every bet.
3. Don't bet more than once a day.
4. Don't bet every day.


I don't think there is a general rule for gambling but there are just some things that require basic sense. For instance, "don't bet all your money on one bet" is like putting your eggs in one basket, betting all your Bankroll on a single bet when you can split the money in multiple bets so that when you lose one bet, you can still hope on the remaining ones.

Betting the same amount on every bet makes sense but I think as long as it's the money you can afford to lose, if you can bet $1k and wouldn't feel shake it's okay and if you can still bet $50 dollar, it doesn't matter. Your aim of betting is to win unless you want to be greedy in gambling.

The last two depend on what gamblers like, because you gamble everyday doesn't mean you would make substantial amount of money and also doesn't mean you have to win everyday. This equally depend on how good you are and how good you are with predictions. Some people gamble everyday because they have less time to gamble.

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