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Author Topic: Which one of those did you partake in?  (Read 815 times)
Strongkored
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August 19, 2024, 12:58:46 PM
 #121

I gamble for pleasure and most of them are only for pleasure, even so, it does not mean that I never expect to be able to produce victory or gamble beyond the limits that have been set, which means that it has exceeded what I am able to lose in a certain period, and that is gambling, Whatever your intention, and even if you are very responsible but there must be a time when we are not a gambler who is responsible, gamble over the limits we have set before, because the pleasure in gambling as well as curiosity makes us ignore some of the things we have already decided.

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August 19, 2024, 01:10:22 PM
 #122

Let's say you got 10K and that's all your savings in entire life and now you want to risk 10% of it for fun doesn't make sense to me. If a guy with 1 million and he wants to risk 100K for fun then that's okay but not the middle class people. I am just being practical here, unless you are retired and you got nothing left to accomplish then even burning 50% of 10K doesn't really hurt that person.

Gambling is for fun there is no denial in it but keep it in a way that is not going to affect your future in any way.


I guess regardless of the money anyone has, we should never go for above 1% of our portfolio in a single game. As some people mentioned to bet with 10% or even higher of the portfolio is too much risk and in case of a loss, it will seriously hurt you. However, when you are betting with 1% money, you know that if you lose it will be only 1% and this gives you a lot of mental satisfaction and strength in your mind.

I have experienced many times that when you have no fear of loss, you usually win and when you have a fear of loss, you will usually lose. I don't know the reason behind it, but most gamblers will agree with this observation.

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Findingnemo
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August 19, 2024, 03:33:52 PM
 #123

Let's say you got 10K and that's all your savings in entire life and now you want to risk 10% of it for fun doesn't make sense to me. If a guy with 1 million and he wants to risk 100K for fun then that's okay but not the middle class people. I am just being practical here, unless you are retired and you got nothing left to accomplish then even burning 50% of 10K doesn't really hurt that person.

Gambling is for fun there is no denial in it but keep it in a way that is not going to affect your future in any way.


I guess regardless of the money anyone has, we should never go for above 1% of our portfolio in a single game. As some people mentioned to bet with 10% or even higher of the portfolio is too much risk and in case of a loss, it will seriously hurt you. However, when you are betting with 1% money, you know that if you lose it will be only 1% and this gives you a lot of mental satisfaction and strength in your mind.

I have experienced many times that when you have no fear of loss, you usually win and when you have a fear of loss, you will usually lose. I don't know the reason behind it, but most gamblers will agree with this observation.

People rarely bet huge amount if they're incapable of bearing the loss while there are some high rollers who must be early investors of Bitcoin they bought when it's just a dollar and now itself made them huge profits that anyone can imagine, now they're just spending 1BTC on a bet because they might have 1000BTC in their cold storage.

As I said every individual has their tolerance level that highly varies so don't judge bed high because someone else is betting

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nara1892
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August 19, 2024, 04:14:52 PM
 #124

This is too convoluted, the point is the recommended approach in gambling is to only bet the amount you can afford to lose, and in the case of betting $1000 when someone has a bankroll of $10,000 I think that is too big an amount, that means 10% of your total bankroll, and when you have a few times in a week and it turns out that a losing streak occurs then it is clear that you are likely to lose half of your total bankroll, so maybe I would suggest not to only bet less than 5% of your total bankroll.

On the other hand I will summarize your idea more simply OP so that it is easier to understand in the context of responsibility in gambling, as you said that we will be able to know whether a gambler is betting the amount he can afford to lose or not when he gambles, meaning we can see whether a gambler is responsible or not when he finishes a session especially when he experiences a loss, see the response and reaction that comes out of him, if he is emotional or shows a reaction of disappointment then that means he is betting money that he cannot afford to lose. So don't count the numbers but look at the reaction that comes from within him when he loses.

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Fivestar4everMVP
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August 19, 2024, 04:23:23 PM
 #125

Let's say you got 10K and that's all your savings in entire life and now you want to risk 10% of it for fun doesn't make sense to me. If a guy with 1 million and he wants to risk 100K for fun then that's okay but not the middle class people. I am just being practical here, unless you are retired and you got nothing left to accomplish then even burning 50% of 10K doesn't really hurt that person.

Gambling is for fun there is no denial in it but keep it in a way that is not going to affect your future in any way.


I guess regardless of the money anyone has, we should never go for above 1% of our portfolio in a single game. As some people mentioned to bet with 10% or even higher of the portfolio is too much risk and in case of a loss, it will seriously hurt you. However, when you are betting with 1% money, you know that if you lose it will be only 1% and this gives you a lot of mental satisfaction and strength in your mind.

I have experienced many times that when you have no fear of loss, you usually win and when you have a fear of loss, you will usually lose. I don't know the reason behind it, but most gamblers will agree with this observation.

People rarely bet huge amount if they're incapable of bearing the loss while there are some high rollers who must be early investors of Bitcoin they bought when it's just a dollar and now itself made them huge profits that anyone can imagine, now they're just spending 1BTC on a bet because they might have 1000BTC in their cold storage.

As I said every individual has their tolerance level that highly varies so don't judge bed high because someone else is betting
As a matter of fact, I completely agree with you, fingers are not equal that's for sure, and like we have discussed on a thread on this board which I believe is long buried due to inactivity, becoming a high roller is all about having plenty of money and also having the balls to risk a large chunk of it on bets, there are no two ways about this, someone who does not have $10,000 definitely can not place a bet of $10,000, even if he borrows the money and uses it to place the bet just so he or she be regarded as a high roller, he or she better pray that the game ends in his or her favor, esle, I see another suicide coming.

Every gambler should bet within their means and with what they can afford to lose, trying to play like a high roller when you don't have in reserve the kind of money the high rollers have in their reserve, will definitely land you in a big trouble.

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August 19, 2024, 05:08:35 PM
 #126

Let's say you got 10K and that's all your savings in entire life and now you want to risk 10% of it for fun doesn't make sense to me. If a guy with 1 million and he wants to risk 100K for fun then that's okay but not the middle class people. I am just being practical here, unless you are retired and you got nothing left to accomplish then even burning 50% of 10K doesn't really hurt that person.

Gambling is for fun there is no denial in it but keep it in a way that is not going to affect your future in any way.


I guess regardless of the money anyone has, we should never go for above 1% of our portfolio in a single game. As some people mentioned to bet with 10% or even higher of the portfolio is too much risk and in case of a loss, it will seriously hurt you. However, when you are betting with 1% money, you know that if you lose it will be only 1% and this gives you a lot of mental satisfaction and strength in your mind.

I have experienced many times that when you have no fear of loss, you usually win and when you have a fear of loss, you will usually lose. I don't know the reason behind it, but most gamblers will agree with this observation.
Yeah you have a point.
Some gamblers would like to gamble until they are satisfied because they have a lot of money to continue gambling. If we don't have money we should spend much time on gambling or we shouldn't gamble at all because we dont have any money at all. I have seen were a gambler does not have money but he is going to a gamble shop to watch others gambling, there might be a time when another gambler will win and share some cent to the other gambler, that's the only time the gamers that doesn't have any money to bet for bet could be able to have money and stake. If we have $1000, and there is a possibility that on the next day we would have another $1000 then spending $100 from it would not be a bad idea, but anything more than spending $100 out of $1000 would be bad.

 
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August 19, 2024, 05:17:38 PM
 #127

I gamble for pleasure and most of them are only for pleasure, even so, it does not mean that I never expect to be able to produce victory or gamble beyond the limits that have been set, which means that it has exceeded what I am able to lose in a certain period, and that is gambling, Whatever your intention, and even if you are very responsible but there must be a time when we are not a gambler who is responsible, gamble over the limits we have set before, because the pleasure in gambling as well as curiosity makes us ignore some of the things we have already decided.

They, the limits I mean, should stay in check if we want to be responsible gamblers.

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September 05, 2024, 11:57:18 PM
 #128

OP i already tired all of these methods. I mean at the beginning time, i staked  all the 100% fund  what I had. Then i Won one or two time then lost everything. It feels worse lol. Then i staked 50% amount from my total fund and same thing happened again. That time it feels bad but not that much worse cause i  already had money to start again. Then when i realize, gambling isn't a place where we can generate money and you shouldn't use gambling as incomes source, from that time i change my mentality and afterwards i place bets with 5-10% of my earnings even not so frequently, or occasionally. Now when i lose or win that amount, it doesn't make me feel bad. Cause the amount is small and affordable to me. So OP, you are right and this is very common. Placing bets makes us more excited for our favorite games. Although nobody love to lose in gambling but yeah, we have to become discipline and responsible in gambling, where we should have to control our emotions and never stake a fund what you can't afford to lose.
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September 06, 2024, 02:48:55 AM
 #129

i place bets with 5-10% of my earnings even not so frequently, or occasionally. Now when i lose or win that amount, it doesn't make me feel bad. Cause the amount is small and affordable to me. So OP, you are right and this is very common. Placing bets makes us more excited for our favorite games. Although nobody love to lose in gambling but yeah, we have to become discipline and responsible in gambling, where we should have to control our emotions and never stake a fund what you can't afford to lose.
To control yourself in gambling, you must first set a limit. If one fails to set limits, it will be difficult to practice responsible gambling. Because when someone loses a lot of money in gambling, he loses control over himself. If a gambler loses 5-10 percent gambling it will not have any major negative impact. No money should be spent which, if lost, would divert the gambler from his normal gambling process. If a gambler loses self-control in gambling then all his plans can be ruined in a very short time. In gambling can also be a situation where a gambler can lose all his assets to recover little. Controlling emotions is one of a major challenge in gambling.

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September 06, 2024, 02:57:45 AM
 #130

I gamble for pleasure and most of them are only for pleasure, even so, it does not mean that I never expect to be able to produce victory or gamble beyond the limits that have been set, which means that it has exceeded what I am able to lose in a certain period, and that is gambling, Whatever your intention, and even if you are very responsible but there must be a time when we are not a gambler who is responsible, gamble over the limits we have set before, because the pleasure in gambling as well as curiosity makes us ignore some of the things we have already decided.

I don't see any problem if you have exceeded within the limit you set for yourself, as long as you are still able to afford what you can afford to lose. Which also means that, those money you lose from gambling does not affect your necessities and needs financially.
Sometimes, a person may feel a little emotional that would potentially makes us feel like we need to gamble more to ease ones frustrations and anger towards gambling. That's also one thing that is very important to take note of, because, just like what we are discussing here, gambling are supposed to be for fun.

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September 06, 2024, 03:14:32 AM
 #131

I don't see any problem if you have exceeded within the limit you set for yourself, as long as you are still able to afford what you can afford to lose. Which also means that, those money you lose from gambling does not affect your necessities and needs financially.
Sometimes, a person may feel a little emotional that would potentially makes us feel like we need to gamble more to ease ones frustrations and anger towards gambling. That's also one thing that is very important to take note of, because, just like what we are discussing here, gambling are supposed to be for fun.

When you gamble you have determined your limits, but if you cross your own limits, then there will be an indication that you are starting to not have fun. casino games are indeed intended for fun. but the offer of prizes for winning is quite influential for us to start gambling more often. As long as you don't chase the losses we have made, it is still a safe limit. but if the anger to chase the money you have used for gambling appears, it means you can no longer have fun.

Gambling is currently used more as a quick way to make money with luck. it doesn't matter if the betting activity can still be controlled.
do gambling today and forget the results. come again with new opportunities and new luck. not chasing yesterday's defeat.

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September 06, 2024, 03:46:13 AM
 #132

I am beginning to think that the only time a gambler gambles for fun is only when he gambles with what he can afford to lose. In this case, a gambler has $10,000 as his savings, and he gambles with $1000 down, he or she won't feel sad when they lose it (it means they gambled for fun). But if a gambler who has the same $10,000 gambles for above $5,000, and he loses all of them, the gambler won't be happy about his actions, and it might result in chasing of losses (which means he didn't gamble for fun). It means that both those that say they aren't gambling for fun sometimes gamble for fun, mostly when they risk an amount they can afford to lose. The actual time you gamble for fun is when you risk what you can afford to lose and not when you say you want to gamble for fun. However, a gambler might say he will gamble for fun and still end up not gambling for fun when he starts gambling. One can know a responsible gambler if he starts gambling.
Gambling should be primarily for fun but few can do it. I think that the person who has $10,000 takes $1,000 out of it to gamble. Even though this person takes $10,000 to $1,000 to gamble, he certainly has some hope in his mind that he will make some money out of it, but he did not take this $1000 to lose, of course he took it in his heart to win, but even after that, if this person loses $1000 he can control himself. On the other hand, if another person has $10,000 and withdraws $5,000 from it, the winnings will be slightly higher because he has taken more. So the bottom line is that both people have the hope of winning, be it low or high, no one gambles to lose. No matter how much we say we gamble for fun, gambling for fun is actually a latent greed at work in us that we don't express.

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September 06, 2024, 03:57:54 AM
 #133

i place bets with 5-10% of my earnings even not so frequently, or occasionally. Now when i lose or win that amount, it doesn't make me feel bad. Cause the amount is small and affordable to me. So OP, you are right and this is very common. Placing bets makes us more excited for our favorite games. Although nobody love to lose in gambling but yeah, we have to become discipline and responsible in gambling, where we should have to control our emotions and never stake a fund what you can't afford to lose.
To control yourself in gambling, you must first set a limit. If one fails to set limits, it will be difficult to practice responsible gambling. Because when someone loses a lot of money in gambling, he loses control over himself. If a gambler loses 5-10 percent gambling it will not have any major negative impact. No money should be spent which, if lost, would divert the gambler from his normal gambling process. If a gambler loses self-control in gambling then all his plans can be ruined in a very short time. In gambling can also be a situation where a gambler can lose all his assets to recover little. Controlling emotions is one of a major challenge in gambling.
But unfortunately self-control is not easy to establish, even some gamblers who have been able to control themselves also have the potential to be negligent and lose control when experiencing certain conditions.
This is not about the limits of money use but will be much more like the condition of the mindset and desire for the results achieved when gambling, each gambler will be able to have their own goals in entering gambling and risking their money, they will do what based on the goals that were in their minds from the start.
I have found many people who gamble with certain limits but in condition they almost get big win and to solve it something unexpected happens which results in the bet failing and in the end they experience increased emotions until they feel they have to chase to get the win.
Yes, emotions are the biggest enemy of gambler and in my opinion controlling emotions is much more difficult than having self-control and implementing financial limits.

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September 06, 2024, 04:10:01 AM
 #134

Gambling is currently used more as a quick way to make money with luck. it doesn't matter if the betting activity can still be controlled.
do gambling today and forget the results. come again with new opportunities and new luck. not chasing yesterday's defeat.

I think I agree with this statement, a lot of people currently see gambling as the quickest option to get rich, I've seen poor people take huge risks all in the name of winning a jackpot and alleviate poverty, some have been lucky but such luck occurs to one in ten persons so I shouldn't be considered. Although i think one of the major reasons why such idea is wide spreading is due to the high level of poverty across the globe, the economy of several countries are crumbling especially in the third world countries and that's where you'll see more people who have the ideology of making quick money through gambling in their masses, the idea of having fun with gambling is very minimal in such societies and majority just want to bet with any staking power they've got regardless of whether it's beyond their limit or not then wait for luck to play it's role, haven't you heard cases of people taking loans or stealing to gamble? Yes people do it  Currently and it's getting rampant.

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junder
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September 06, 2024, 04:18:36 AM
 #135

I don't see any problem if you have exceeded within the limit you set for yourself, as long as you are still able to afford what you can afford to lose. Which also means that, those money you lose from gambling does not affect your necessities and needs financially.
Sometimes, a person may feel a little emotional that would potentially makes us feel like we need to gamble more to ease ones frustrations and anger towards gambling. That's also one thing that is very important to take note of, because, just like what we are discussing here, gambling are supposed to be for fun.
Yes, that's right, my friend, as long as we gamble with readiness and understand the losses that will clearly occur, then I think there will be no problems, acceptance of the fact of defeat must be emphasized because in my opinion most people who lose control to the point of getting into trouble are caused by bad acceptance of defeat, in other words they are not ready if they will experience defeat in the gambling they do. Frustration or emotion can occur when gambling ends in defeat or disappointment, but defeat is something that is certain to happen, so I think there is no point in being emotional when losing by not accepting the reality, it is better to accept it and then control yourself well to make everything under good control.

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traderethereum
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September 06, 2024, 04:24:12 AM
 #136

Gambling is currently used more as a quick way to make money with luck. it doesn't matter if the betting activity can still be controlled.
do gambling today and forget the results. come again with new opportunities and new luck. not chasing yesterday's defeat.
I think I agree with this statement, a lot of people currently see gambling as the quickest option to get rich, I've seen poor people take huge risks all in the name of winning a jackpot and alleviate poverty, some have been lucky but such luck occurs to one in ten persons so I shouldn't be considered. Although i think one of the major reasons why such idea is wide spreading is due to the high level of poverty across the globe, the economy of several countries are crumbling especially in the third world countries and that's where you'll see more people who have the ideology of making quick money through gambling in their masses, the idea of having fun with gambling is very minimal in such societies and majority just want to bet with any staking power they've got regardless of whether it's beyond their limit or not then wait for luck to play it's role, haven't you heard cases of people taking loans or stealing to gamble? Yes people do it  Currently and it's getting rampant.
That reason will be better because we know how to use gambling properly and will not chase the win. We realizes the risks of playing gambling which can make us lose our money where we will get the trigger to trying to recover our losses.
So when people wants to playing gambling, they must know how much money they will use and not using more than they can afford to lose because gambling can attracts them to keeps playing gambling without stop. Besides that, they must knows how to control themselves especially when they lose in the previous rounds.
Gambling is not a quick making money but gambling is just an activity that we can do in our busy days. If we can use gambling with right, we will enjoy for playing gambling and have fun with gambling.

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September 06, 2024, 04:34:03 AM
 #137

If I have $10k and I've lost the $1k with my bets, I am crazy if I won't say that I didn't feel bad. Ofcourse I'll feel bad about it.

That's a huge money already whether you live in first world or third world or developing nations, that amount of money is a lot to survive. Life is tough today and that amount of losses will make me feel bad if I lose it on a single blow of bet.

But look who's talking(me), where if I'll calculated my entire career loss in my gambling history, it's more than that.  Cheesy

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betswift
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September 06, 2024, 05:58:52 AM
 #138

If I have $10k and I've lost the $1k with my bets, I am crazy if I won't say that I didn't feel bad. Ofcourse I'll feel bad about it.

That's a huge money already whether you live in first world or third world or developing nations, that amount of money is a lot to survive. Life is tough today and that amount of losses will make me feel bad if I lose it on a single blow of bet.

But look who's talking(me), where if I'll calculated my entire career loss in my gambling history, it's more than that.  Cheesy

I agree that it still should be noted.
It's really about putting up some limits for the sessions (how much you can lose and when you are okay to go out if the day is bright for you in terms of luck).
That way, you will gamble responsibly.

Jody.Drummer
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September 06, 2024, 07:00:11 AM
 #139

I gamble for pleasure and most of them are only for pleasure, even so, it does not mean that I never expect to be able to produce victory or gamble beyond the limits that have been set, which means that it has exceeded what I am able to lose in a certain period, and that is gambling, Whatever your intention, and even if you are very responsible but there must be a time when we are not a gambler who is responsible, gamble over the limits we have set before, because the pleasure in gambling as well as curiosity makes us ignore some of the things we have already decided.
Indeed, victory is the most important thing that everyone who gambles wants, even with gamblers who aim to gamble for fun, but there is certainly a desire to win, it's just that maybe here there is good self-control so that they don't gamble excessively even though they have experienced it occasionally. I agree with what you said, no matter what our purpose is in gambling, there are times when we lose self-control, but the difference lies in awareness where there are people who can be aware quickly and there are people who cannot be aware quickly so that they fall into deeper gambling and become addicted. And others when gamblers have a certain target, of course it cannot be ascertained that all of that will run smoothly, because there will be temptations that occur that can make gamblers ignore or set aside previously determined targets.

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September 06, 2024, 07:27:05 AM
 #140

This is simply called elementary compliance with the money management of your bankroll. The player either follows strict rules for its compliance or cannot do it because he lacks self-control and discipline. Nowadays people are accustomed to many things in a comfortable life and cannot adhere to strict rules for maintaining a bankroll, because every action matters there. Even if you do everything correctly for several months in a row, then one day you can lose everything because you quarreled with your wife or something like that. It is extremely difficult to do this on a regular basis, I tried it myself, but my experiment failed when I broke down after failures and began to play for the entire amount of my bankroll.

R


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