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Author Topic: Double your money and quite  (Read 6094 times)
Iranus
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July 21, 2024, 02:43:52 AM
 #921

~snip
Greed mostly comes when we have win a good amount, and we will forget about those times we lose so much and tries to win more, but not knowing that it can be possible if we aren't lucky. However, when we lose we only chase our losses. But for be at the right side if gamble we have to control ourselves by discipline, without that we will lose more than we have won. Already there are enough gamblers that have lost more than they have won.
I think greed not only appears when we win, but it also appears when we lose, many losers often have no intention of stopping because they want to regain what they have lost. If they don't have greed, they will stop immediately after losing money, but they cannot control their greed and continue to play in the hope of finding a win. That's why I say that if we can't be disciplined, if we can't control ourselves, it's best we shouldn't gamble.

Honestly, discipline is always the top factor we need to pay attention to when participating in gambling, but I think not many people will be able to do that. As you said and you are right, there are enough gamblers who have lost more than they have won, these people know very well the need for discipline but it is almost impossible for them to do it.

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hyudien
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July 21, 2024, 05:58:01 AM
 #922

I think greed not only appears when we win, but it also appears when we lose, many losers often have no intention of stopping because they want to regain what they have lost. If they don't have greed, they will stop immediately after losing money, but they cannot control their greed and continue to play in the hope of finding a win. That's why I say that if we can't be disciplined, if we can't control ourselves, it's best we shouldn't gamble.

Honestly, discipline is always the top factor we need to pay attention to when participating in gambling, but I think not many people will be able to do that. As you said and you are right, there are enough gamblers who have lost more than they have won, these people know very well the need for discipline but it is almost impossible for them to do it.
When winning or losing is the same, if we fail to control ourselves then there will be a strong urge to continue gambling whether it is greed or uncontrolled emotions that lead players to want to recover losses that have occurred. Gamblers who fail to control themselves will of course take risky actions, but even though they are aware that the decisions they take are risky, they can ignore the risks because the thought of wanting to win that dominates them becomes a strong urge so that they cannot stop even though they have won or experienced defeat. and losses. This is a common problem, therefore it is very important to be able to control yourself when gambling.
However, not many people can control themselves and apply good discipline when gambling, they tend to gamble excessively. When they have experienced defeat, they should be able to realize that discipline plays a very important role and determines their fate in the future.

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junder
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July 21, 2024, 08:22:58 AM
 #923


But people who continuously lose money will not think about stopping, they will find a way to regain what they have lost and from there sink deeper, even into bankruptcy. If they had been alert and realized their mistakes, they would have stopped when they lost the second or third time, they won't let things go too far to the point of losing continuously. That is also the reason why many people consider gambling bad because once involved, it is very difficult to get out. Gambling is very attractive and addictive, everything is not as easy as we think.
My point is that if we feel we cannot discipline or control our emotions then the best way is to stay away from gambling and not participate even just for entertainment purposes.
It is very difficult to stop when you are in a state of wrong perception. they will continue to gamble if their minds still cannot accept losing the money they bet, while losing is clearly something that will definitely happen more often than winning, after all, if gambling can easily give me a win, I will do it continuously. , but in fact winning at gambling is not easy to get, this is real and I don't think anyone can say that he wins more often than he loses from the amount of gambling he does. when they still can't accept losing their money, even when they experience defeat what they will usually do is look for a new strategy that they believe is accurate to be able to win, people like this may have forgotten that gambling is a game of probability and luck so no matter what they will continue gamble to win.

The best thing is that when gambling ends in defeat, it is to stop and go to rest yourself, including your thoughts, because it is our thoughts that determine the future. If we continue to gamble to recover losses, it will only provoke our emotions and will certainly make the situation worse, not improve the situation.

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Fredomago
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July 21, 2024, 04:17:04 PM
 #924

I think greed not only appears when we win, but it also appears when we lose, many losers often have no intention of stopping because they want to regain what they have lost. If they don't have greed, they will stop immediately after losing money, but they cannot control their greed and continue to play in the hope of finding a win. That's why I say that if we can't be disciplined, if we can't control ourselves, it's best we shouldn't gamble.

Honestly, discipline is always the top factor we need to pay attention to when participating in gambling, but I think not many people will be able to do that. As you said and you are right, there are enough gamblers who have lost more than they have won, these people know very well the need for discipline but it is almost impossible for them to do it.
When winning or losing is the same, if we fail to control ourselves then there will be a strong urge to continue gambling whether it is greed or uncontrolled emotions that lead players to want to recover losses that have occurred. Gamblers who fail to control themselves will of course take risky actions, but even though they are aware that the decisions they take are risky, they can ignore the risks because the thought of wanting to win that dominates them becomes a strong urge so that they cannot stop even though they have won or experienced defeat. and losses. This is a common problem, therefore it is very important to be able to control yourself when gambling.
However, not many people can control themselves and apply good discipline when gambling, they tend to gamble excessively. When they have experienced defeat, they should be able to realize that discipline plays a very important role and determines their fate in the future.

Precisely, if you know how to control yourelf then there's a big chance that you won't continue pushing your way once you already lose portions of your bankroll, which mostly the problem of those heavy gamers, like what OP mentioned if you manage to double your money you have option to stop and quitely make an exit, it's a win that you can enjoy and there's no need to become greed and expect for more money to win.

Which most of the time the reason why you'll ended up losing and aggressively trying to recover which leads you to lose more of your finances.

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July 21, 2024, 05:23:33 PM
 #925

Sometimes gamling is just by choice when you know your gambling strategy and how it favor you you have to stick to it and do it rightly that is just the only option and what I observe in gambling, some people only gamble to double their money and some only gamble to make all the money in the whole world.
The only thing I understand is that gambling is just by choice and understanding, it not by any one rules.



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July 21, 2024, 05:32:54 PM
 #926

Sometimes gamling is just by choice when you know your gambling strategy and how it favor you you have to stick to it and do it rightly that is just the only option and what I observe in gambling, some people only gamble to double their money and some only gamble to make all the money in the whole world.
The only thing I understand is that gambling is just by choice and understanding, it not by any one rules.
Well, it's always a choice but OP's thread is if we have a different strategy besides winning and then quitting after you double it and I think it should be a plan. There are times when an online gambling casino could give more than double before it stops giving you again, more like a trap. Then, the possible outcome if we continue is losing our profits and capital.
Withdrawal is the best choice if you are comfortable with the winning amount but most of the time greed wins and then we continue gambling thinking there might be more to squeeze from the gambling site. It happens but it's too rare which is why I think OP's strategy is a good one as long as the winning amount is decent and could satisfy us.

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July 22, 2024, 01:40:35 AM
 #927

Precisely, if you know how to control yourelf then there's a big chance that you won't continue pushing your way once you already lose portions of your bankroll, which mostly the problem of those heavy gamers, like what OP mentioned if you manage to double your money you have option to stop and quitely make an exit, it's a win that you can enjoy and there's no need to become greed and expect for more money to win.

Which most of the time the reason why you'll ended up losing and aggressively trying to recover which leads you to lose more of your finances.
Indeed, self-control is a problem that often occurs which is not mastered by players, and because there is no such thing, I think it is because they only think about winning. if they only think about winning, of course they will continue to gamble no matter how much they have lost or lost money, that is not something that makes them stop gambling. Apart from that, those who force themselves will only experience financial losses and spend more on gambling. Winning in gambling is not certain, this must be remembered so that it is one of the things that does not make them continue to gamble excessively.
The opportunity to stop is certainly wide open, but many gamblers still choose to continue gambling rather than stop when they have lost. However, this may be more precisely done by those who gamble with the aim of seeking victory or profit, because for those whose aim is to have fun, I don't think they will gamble beyond their means.

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July 22, 2024, 02:57:44 PM
 #928

Precisely, if you know how to control yourelf then there's a big chance that you won't continue pushing your way once you already lose portions of your bankroll, which mostly the problem of those heavy gamers, like what OP mentioned if you manage to double your money you have option to stop and quitely make an exit, it's a win that you can enjoy and there's no need to become greed and expect for more money to win.

Which most of the time the reason why you'll ended up losing and aggressively trying to recover which leads you to lose more of your finances.
Indeed, self-control is a problem that often occurs which is not mastered by players, and because there is no such thing, I think it is because they only think about winning. if they only think about winning, of course they will continue to gamble no matter how much they have lost or lost money, that is not something that makes them stop gambling. Apart from that, those who force themselves will only experience financial losses and spend more on gambling. Winning in gambling is not certain, this must be remembered so that it is one of the things that does not make them continue to gamble excessively.
The opportunity to stop is certainly wide open, but many gamblers still choose to continue gambling rather than stop when they have lost. However, this may be more precisely done by those who gamble with the aim of seeking victory or profit, because for those whose aim is to have fun, I don't think they will gamble beyond their means.
Problems with self-control and mental health are at the heart of gambling. Playing for keeps you from seeing everything else. Aspiring for a goal might quickly become a nightmare. Thousand times, I've seen this. Gamble, business, relationships, and life. The focus on winning obscures the defeats. Gambling should be fun, not a quick way to get money.

Entertainment gambling. Its like a movie or show. You pay for experience and win or lose. Thats how. Take it as an investment and you're in trouble.Fun gambling is fine. Set a budget, enjoy, and know when to leave. However, chasing losses or wagering money you cant afford to lose requires a reassessment.

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July 23, 2024, 08:18:30 AM
 #929

Problems with self-control and mental health are at the heart of gambling. Playing for keeps you from seeing everything else. Aspiring for a goal might quickly become a nightmare. Thousand times, I've seen this. Gamble, business, relationships, and life. The focus on winning obscures the defeats. Gambling should be fun, not a quick way to get money.

Entertainment gambling. Its like a movie or show. You pay for experience and win or lose. Thats how. Take it as an investment and you're in trouble.Fun gambling is fine. Set a budget, enjoy, and know when to leave. However, chasing losses or wagering money you cant afford to lose requires a reassessment.
Yep, gambling must be done for fun, but those who bet more than they can afford are people who are not looking for fun, they tend to look for and aim for profits that must be obtained even though it is something that is quite impossible to get easily, besides that if they Continuing to gamble like that will certainly affect their mental health due to excessive pressure. We must be able to gamble appropriately so that it remains enjoyable and does not cause excessive pressure which can cause our mental health to be affected for the worse.
That's right, we have to pay to get a ticket and have fun in it, if we take it too seriously it's not good so balancing everything is something that has to be done. If you still want to do it, you should consider it first, because disappointment will definitely await you, in other words, defeat which is certain to happen cannot be avoided with certainty. and you must remember that chasing defeat is not something that is recommended.

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July 24, 2024, 09:21:20 AM
 #930

~

Yeah, you are spot on.

If you keep playing you will eventually run out of money, it's that simple.

And most gamblers will basically do just that, even if they managed to win more than what they bet, they will continue to bet that until they lost it all.

You are not necessarily bound to lose all your money if you continue gambling after winning a good amount. There's always a chance that you will double your money again. It's just the probability of that is a bit lower than losing. If you can afford that risk, then go ahead and bet more.

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July 24, 2024, 09:25:13 AM
 #931

~

Yeah, you are spot on.

If you keep playing you will eventually run out of money, it's that simple.

And most gamblers will basically do just that, even if they managed to win more than what they bet, they will continue to bet that until they lost it all.

You are not necessarily bound to lose all your money if you continue gambling after winning a good amount. There's always a chance that you will double your money again. It's just the probability of that is a bit lower than losing. If you can afford that risk, then go ahead and bet more.

I agree, but the risk always should correspond to the simple question - can you afford it, and is really worth it to spend extra sums to get what you already lost? If the answer is no, then you should make a decision with a cold head intact and try to go in another time.

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July 24, 2024, 10:25:16 AM
 #932

I agree, but the risk always should correspond to the simple question - can you afford it, and is really worth it to spend extra sums to get what you already lost? If the answer is no, then you should make a decision with a cold head intact and try to go in another time.
They know about the risks but they don't care and still trying to double their money from gambling. They don't thinks if that is worth or not continuing playing gambling and chasing the wins because their minds only tells them to keeps playing gambling. That makes other gamblers doing the same thing to double their money without thinks about how if their money is gone because of playing gambling.

Only people who can thinks clear and wise that will avoids to double their money from gambling. They will only playing gambling if they wants to spends their spare time and not pushing themselves to chase the wins. They know that will only lead them to use more and more money but they will still difficult to wins the games. They will limits their money to avoids more losses in gambling.

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July 24, 2024, 10:27:15 AM
 #933

~snip
Greed mostly comes when we have win a good amount, and we will forget about those times we lose so much and tries to win more, but not knowing that it can be possible if we aren't lucky. However, when we lose we only chase our losses. But for be at the right side if gamble we have to control ourselves by discipline, without that we will lose more than we have won. Already there are enough gamblers that have lost more than they have won.
I think greed not only appears when we win, but it also appears when we lose, many losers often have no intention of stopping because they want to regain what they have lost. If they don't have greed, they will stop immediately after losing money, but they cannot control their greed and continue to play in the hope of finding a win. That's why I say that if we can't be disciplined, if we can't control ourselves, it's best we shouldn't gamble.

Honestly, discipline is always the top factor we need to pay attention to when participating in gambling, but I think not many people will be able to do that. As you said and you are right, there are enough gamblers who have lost more than they have won, these people know very well the need for discipline but it is almost impossible for them to do it.
Every gambler knows that discipline is the key factor to gamble responsible but will it be easy for them to practice it when they want to only be winning and don't want to lose because this is what majority of gamblers think of when they want to stake their bet, I will win this bet. Nobody will say I will lose this best.

This is the reason why they stake with big amount of money and continue chasing their losses believing they will win the next bet and before you know it their bankroll is empty. Don't think you can double your money with gamble but just enjoy the fun and if you win, you will be excited.

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July 24, 2024, 10:38:11 AM
 #934


This is the reason why they stake with big amount of money and continue chasing their losses believing they will win the next bet and before you know it their bankroll is empty. Don't think you can double your money with gamble but just enjoy the fun and if you win, you will be excited.

Unfortunately, there is a very fine line between having fun in gambling and treating gambling as an activity that can constantly bring you money.
And if, for example, someone comes to play poker and immediately wins a big prize (and this happens in poker), then this person will definitely think that he is very talented and can also get money from poker tomorrow and the day after tomorrow.
And this kind of thinking is a common occurrence of every simple guy.

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July 24, 2024, 11:37:54 AM
 #935

Precisely, if you know how to control yourelf then there's a big chance that you won't continue pushing your way once you already lose portions of your bankroll, which mostly the problem of those heavy gamers, like what OP mentioned if you manage to double your money you have option to stop and quitely make an exit, it's a win that you can enjoy and there's no need to become greed and expect for more money to win.

Which most of the time the reason why you'll ended up losing and aggressively trying to recover which leads you to lose more of your finances.
Indeed, self-control is a problem that often occurs which is not mastered by players, and because there is no such thing, I think it is because they only think about winning. if they only think about winning, of course they will continue to gamble no matter how much they have lost or lost money, that is not something that makes them stop gambling. Apart from that, those who force themselves will only experience financial losses and spend more on gambling. Winning in gambling is not certain, this must be remembered so that it is one of the things that does not make them continue to gamble excessively.
The opportunity to stop is certainly wide open, but many gamblers still choose to continue gambling rather than stop when they have lost. However, this may be more precisely done by those who gamble with the aim of seeking victory or profit, because for those whose aim is to have fun, I don't think they will gamble beyond their means.

There are wise gamblers who already learned from their previous expereinced and after losing some sessions they understand that luck is not always at their side, when opportunity show up they just manage to quit and pull that hard stop to make sure that they have something to bring out from the house.

I like the idea of having that kind of decision making, taking opportunity while still in positive side or been able to quit to cut possible losses and stop pushing forward to seek for some luck.

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July 26, 2024, 07:31:32 PM
 #936

There are wise gamblers who already learned from their previous expereinced and after losing some sessions they understand that luck is not always at their side, when opportunity show up they just manage to quit and pull that hard stop to make sure that they have something to bring out from the house.

I like the idea of having that kind of decision making, taking opportunity while still in positive side or been able to quit to cut possible losses and stop pushing forward to seek for some luck.
We must be decisive not only when gambling but in life in general, as those are the people that often are able to get what they want out of their lives, so even if for the majority of us is impossible to obtain long term profits when we gamble, obtaining short term profits is entirely possible, as we could earn money in a session or two, and if we want to have the joy and the good memory of having obtained those wins, then we need to put a limit to the amount of money we want to win and make a withdrawal once that amount has been reached.
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July 29, 2024, 12:33:52 AM
 #937

At the same time, playing more and more gambling, the gambler pays a commission to the casino, which eventually becomes a rather hefty amount.
Therefore, I sometimes thought that the minimum commission will be charged to the gambler if he enters the casino, makes one bet on red or black, and after receiving the result leaves the casino) and after all, everything is logical - the gambler with this method will have the greatest chance of winning, in fact it will be almost 50-50. to me, these are quite excellent odds in the casino.
But compared to trading, these are very poor chances.
How you can compare gambling with trading. I think there is no relation between gambling and trading. On trading, you can buy/sell at any time and there is no chance of being 0. But in the casino, there is no chance to stop a bet after clicking on the bet, and also gambling fund can be 0 at any time.

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July 29, 2024, 10:09:56 AM
 #938

~snip~
How you can compare gambling with trading. I think there is no relation between gambling and trading. On trading, you can buy/sell at any time and there is no chance of being 0. But in the casino, there is no chance to stop a bet after clicking on the bet, and also gambling fund can be 0 at any time.

They are different things but they are getting closer lately.

As Warren Buffet said:

Buffett says market ‘almost totally a casino’ as it rallied in recent years

Berkshire Hathaway head tells shareholders that Wall Street encouraged traders to treat shares like poker chips

I guess if you have more and more people just simply blindly putting more and more money into companies, then shares are getting closer to a casino.

You can see for example that in some cases shares that have a similar name of something that happened will get a lot of buys/sells, depending on the news, when in reality the company had nothing to do with the story. Things like that are just random events in the stock exchange.

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July 29, 2024, 12:59:00 PM
 #939

There are wise gamblers who already learned from their previous expereinced and after losing some sessions they understand that luck is not always at their side, when opportunity show up they just manage to quit and pull that hard stop to make sure that they have something to bring out from the house.

I like the idea of having that kind of decision making, taking opportunity while still in positive side or been able to quit to cut possible losses and stop pushing forward to seek for some luck.
We must be decisive not only when gambling but in life in general, as those are the people that often are able to get what they want out of their lives, so even if for the majority of us is impossible to obtain long term profits when we gamble, obtaining short term profits is entirely possible, as we could earn money in a session or two, and if we want to have the joy and the good memory of having obtained those wins, then we need to put a limit to the amount of money we want to win and make a withdrawal once that amount has been reached.

That's right, you need to put that limit and simply quit when things still in your side, not to ruin your luck and take advantage of the situation, it's always best to have that kind of mindset, a wise decision making that will allow you to not just to enjoy but also to make money while taking that opportunity that luck provides, as not every time you can achieve such outcomes.

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July 29, 2024, 02:43:51 PM
 #940


This is the reason why they stake with big amount of money and continue chasing their losses believing they will win the next bet and before you know it their bankroll is empty. Don't think you can double your money with gamble but just enjoy the fun and if you win, you will be excited.

Unfortunately, there is a very fine line between having fun in gambling and treating gambling as an activity that can constantly bring you money.
And if, for example, someone comes to play poker and immediately wins a big prize (and this happens in poker), then this person will definitely think that he is very talented and can also get money from poker tomorrow and the day after tomorrow.
And this kind of thinking is a common occurrence of every simple guy.

This exercise of monetary fulfillment in gambling is tricky; it works for nearly no gambler. But thousands of players try it daily, believing they can double their money and leave. They also forget that gambling can divide by two whatever they have till nothing is left. Practically, this method only works sometimes; players should try it only some of the time. It could ruin their gambling journey. This method is reliable if a player doubles his money and quits gambling.

In Op's perspective, he meant to say stop, not quit, which remains wrong. As you noted, if the player doubles his money today, he'll play endlessly the next day, waiting for the same method to repeat itself. His thoughts may fail him, and he'd feel disappointed. Such a thing as doubling our money is risky and impossible. A player's money may vanish before he wins a dime. If, during a session, the win comes so fast, a player is good with withdrawing his funds. The problem is that some players hope to double their money daily.

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