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Author Topic: Scared Money don't make money; gambling helps you delegate your money.  (Read 362 times)
Marvelockg (OP)
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July 29, 2024, 08:30:27 AM
 #1

Some people are scared of Gambling because they are afraid to loose money. Same reason why they probably don't want to start up a business or invest their money into something that might yield a fortune in the future because of the probability of failure.

Gambling is just same with delegating money in a normal enterprenural context, you keep your money idle and don't put it into something and it forever remains that way and might even suffer the effect of inflation, take a portion from it and invest it into something or place a bet with, you might lose it in a worse case scenario but the chances of winning is way much higher.

Let's not always look at gambling from a negative point of view, for me, gambling is just like I'm delegating a portion of my money into something that could yield greater returns for me and since I can do my analysis on games and it works well for me, gambling is another way of making money with money.

You want to remain stagnant? Become scared of putting your money to work for you, the reverse is literally gambling.

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Orpichukwu
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July 29, 2024, 08:35:58 AM
 #2

Some people are scared of Gambling because they are afraid to loose money. Same reason why they probably don't want to start up a business or invest their money into something that might yield a fortune in the future because of the probability of failure.
I totally disagree with you on this. First of all, business is situated for profit-making; that's the whole essence of a business, and it's okay to be afraid of getting started in a business when you don't have experience yet; that's normal, but categorising gambling and business doesn't make any sense to me.
 
The whole idea of gambling is for it to be for fun and not a means to make a living; the earning aspect is just an added advantage in gambling, which many have turned into their primary objective of even getting involved in gambling.

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July 29, 2024, 08:40:09 AM
 #3

You want to remain stagnant? Become scared of putting your money to work for you, the reverse is literally gambling.

Gambling is a means of entertainment and not a business that is guaranteed for profit in the long run when it is managed properly. No matter how good you think that you are in gambling, you will always run at loss so I don't see how your money is working for you.

Are you calling try your luck where you put your money into, then you are mismanaging your funds because you will be disappointed at the long run and this is why you should only gamble with an amount of money that you can afford to lose to avoid depression. If you continue to see gambling as business for you, you might end up becoming an addict which is the worst.

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July 29, 2024, 08:41:23 AM
 #4

You are mixing two different things here: (1) gambling as a game of chance and (2) gambling as an everyday term used for risking money in the hope of higher returns. I think, to avoid ambiguity, you would be better off using "speculating" or "investing" instead.

Delegating money for investment purposes does contain some degree of speculation since no one can predict the future. But the odds are different from a game of chance, where they are heavily tilted in favor of the house due to the house edge.

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July 29, 2024, 08:42:46 AM
 #5

Some people are scared of Gambling because they are afraid to loose money. Same reason why they probably don't want to start up a business or invest their money into something that might yield a fortune in the future because of the probability of failure.
The fear of failure is real and a major hindrance to many people. The danger of this is that anyone entagled in it will hardly grow because they will never do anything involving risk, forgetting that risk is present in every business in life. I think one thing I have benefitted from gambling is overcoming this fear and this has helped me in my investment both in Bitcoin and the real sector. I no longer the fear of being wrong stop me once I have weighed the risk that it is something I can bear.

Let's not always look at gambling from a negative point of view, for me, gambling is just like I'm delegating a portion of my money into something that could yield greater returns for me and since I can do my analysis on games and it works well for me, gambling is another way of making money with
You are largely correct and I agree with you. I view gambling as a business and not hobby, I expect to make money from it using my money. I'm afraid to lose the money because I play within my budget

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July 29, 2024, 08:48:18 AM
 #6

if you gamble to have fun, there isn't any "fear" on that. No one is scared by loosing that money, like any other any hobby is any amount that can be afforded.
Moreover here you have an advantage. you can earn money on your hobby! If you think just few times you have this chance...
Of course people "scared" to lose money must no gamble at all...

Relating the other parts on investment and so on... always pays attention since these are similar but are not really the same, and most of the times investments should not be "gambling" of money Roll Eyes like buying risky tokens or hyped items...

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July 29, 2024, 08:54:39 AM
 #7

It is a very thoughtless step to expect to win by spending your spare money on gambling. I'm afraid I have to disagree with the OP. Not always a started business brings losses. Here, calculation and a sober assessment of your knowledge and experience are important. There is no need for haste for business; it is necessary to consider all the options of how the started business can turn out, but to say that if you have no idea where to spend money, you need to place a bet sounds stupid. I know a lot of people who own successful businesses, but I do not know a single one who went, played, and won a large sum of money. Mostly, it is a trifle that is not a pity to spend easily.

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July 29, 2024, 09:07:42 AM
 #8

You have created a topic where 95% of members here will surely disagree with you, one of them is me. So be ready to convince us the opposite or explain better your point of view.

You want to remain stagnant? Become scared of putting your money to work for you, the reverse is literally gambling.

Gambling is not a project to start or an investment for long term, gambling is all about algorithms that been created by the casino developers and owners, it is meant to make profits for the casino itself, if players are able to generate money and withdraw it, it means the casino will go bankrupt shortly.
It is way different than a money generator, even when you keep betting with odds lower than 2.00, you are not luckily to get profits in long term. When it comes to other games, the house edge will always make you lose if you keep playing.

You should be ready to lose your money once you start playing, compared to a good investment where in worse cases you are able to sell the project or the tools and get back your money or at least a higher portion of it. Gambling is only a matter of time before you lose everything to an algorithm that nobody can beat.

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July 29, 2024, 09:12:54 AM
 #9

...
You want to remain stagnant? Become scared of putting your money to work for you, the reverse is literally gambling.

If I understand correctly you mean that even if someone chooses not to gamble they are still gambling in some way... that sounds like "even if you don't say/do anything it is still some kind of action".

Maybe some people wish to remain stagnant, but that's impossible... the only constant thing is change, but many people don't notice those things, we risk/gamble through life, and every decision (even little ones) can change the direction. So I agree with you that people shouldn't be scared of making a move (even risky ones), but a wise person will do research before making a move and that can minimize some risks. It's foolish to get into things recklessly, those who do that will lose more than the ones who think before doing something... I learned that on my skin, like many others, so don't be foolish and blindly trust in anything, try to be prepared and you will have higher chances for success whatever you do.

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July 29, 2024, 09:29:18 AM
 #10

Are you saying that gambling = investing = business? I disagree with that. You can hire a professional to evaluate your gambling game. You cant make a business plan of your gambling game. You cant evaluate market (gambling market) to have a better understanding which game to play. I am saying that you can try to prepare and make predictions about your investment or business, but same thing does not work at all for gambling.

 
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July 29, 2024, 09:30:10 AM
 #11

Some people are scared of Gambling because they are afraid to loose money.

They are not wrong, you do lose money in gambling, and if you lose control, you can lose excessive amounts and it's not a good thing.

Same reason why they probably don't want to start up a business or invest their money into something that might yield a fortune in the future because of the probability of failure.

You can't compare gambling with a business or a startup, I know that some people might be afraid of investing their money in starting a business or startup, but that is because they know they aren't very good with it and they can waste their money. Someone who knows a business very well and does their homework before they get into it would never be afraid of it.

Gambling is just same with delegating money in a normal enterprenural context

No, it's not. Gambling requires you to have a lot of luck to win and get some profit, delegating money in a normal business venture would require you to have the necessary knowledge and experience to gain success in it, and the rate of success in a business will always be higher if you are completely ready for it.

you keep your money idle and don't put it into something and it forever remains that way and might even suffer the effect of inflation

For the money to remain the same is better than losing it, if you want your money to be safe from inflation, buy some asset with it and keep that with you, gambling with it doesn't sound like a good solution to me for this issue.  Roll Eyes

take a portion from it and invest it into something or place a bet with, you might lose it in a worse case scenario but the chances of winning is way much higher.

How are the chances of winning much higher? We are talking about gambling here, the chances are always 50/50.

Let's not always look at gambling from a negative point of view, for me, gambling is just like I'm delegating a portion of my money into something that could yield greater returns for me and since I can do my analysis on games and it works well for me, gambling is another way of making money with money.

It's not about taking something negatively, it's about knowing the nature of something and understanding how it works in general.  Smiley

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July 29, 2024, 09:35:00 AM
 #12

Gambling is just same with delegating money in a normal enterprenural context, you keep your money idle and don't put it into something and it forever remains that way and might even suffer the effect of inflation, take a portion from it and invest it into something or place a bet with, you might lose it in a worse case scenario but the chances of winning is way much higher.

No, it's not, in gambling you don't have total control of the outcome, while let's say you put your money and you become entrepreneur, you can mitigate risk if let's say your business is not doing good. As compare to gambling that you can literally lost all your money in minutes, as quick as that.

Let's not always look at gambling from a negative point of view, for me, gambling is just like I'm delegating a portion of my money into something that could yield greater returns for me and since I can do my analysis on games and it works well for me, gambling is another way of making money with money.

You want to remain stagnant? Become scared of putting your money to work for you, the reverse is literally gambling.

There's nothing wrong to admit that there are negative effects of gambling in our lives, instead of making excuses. You just have to know the consequences and you know you to control yourself, you will be good. And obviously, don't become a gambling addict.

 
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July 29, 2024, 09:36:46 AM
 #13


Gambling is just same with delegating money in a normal enterprenural context, you keep your money idle and don't put it into something and it forever remains that way and might even suffer the effect of inflation, take a portion from it and invest it into something or place a bet with, you might lose it in a worse case scenario but the chances of winning is way much higher.

Comparing gambling to investment can be seen as an ideal thing to do but the chances of winning are different. The chances of winning in gambling are low and this is because it requires luck to win while in investment the chances of making a profit can be high if a well-structured investment pattern is followed and the right asset is invested into. What ensures profits and reduces investment is choosing the right asset which is easy and possible to identify after doing research. In gambling, no matter the extent you go into research you can't be certain of your picks. Because sometimes your picks that you feel certain of might end up being the worst.

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July 29, 2024, 09:44:17 AM
 #14

Some people are scared of Gambling because they are afraid to loose money. Same reason why they probably don't want to start up a business or invest their money into something that might yield a fortune in the future because of the probability of failure.

Gambling is just same with delegating money in a normal enterprenural context, you keep your money idle and don't put it into something and it forever remains that way and might even suffer the effect of inflation, take a portion from it and invest it into something or place a bet with, you might lose it in a worse case scenario but the chances of winning is way much higher.

Let's not always look at gambling from a negative point of view, for me, gambling is just like I'm delegating a portion of my money into something that could yield greater returns for me and since I can do my analysis on games and it works well for me, gambling is another way of making money with money.

You want to remain stagnant? Become scared of putting your money to work for you, the reverse is literally gambling.

They should not put some things which they came to the point that they relate the risk level of creating a business and gambling since its totally different.

If they afraid on gambling then so be it they should not participate on that if they are not really a gambler. Also for sure a afraid person would avoid gambling if they are scared of it. But they still find way to build their business since for sure they learn more valuable thoughts as business is more ideal than anything more risky situations they are going to participate in.

Also people should erase the thoughts that there's similarity of this since its far to look forward in terms of risk taking between two comparison.

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July 29, 2024, 10:00:29 AM
 #15

Some people are scared of Gambling because they are afraid to loose money. Same reason why they probably don't want to start up a business or invest their money into something that might yield a fortune in the future because of the probability of failure.

Gambling is just same with delegating money in a normal enterprenural context, you keep your money idle and don't put it into something and it forever remains that way and might even suffer the effect of inflation, take a portion from it and invest it into something or place a bet with, you might lose it in a worse case scenario but the chances of winning is way much higher.

Let's not always look at gambling from a negative point of view, for me, gambling is just like I'm delegating a portion of my money into something that could yield greater returns for me and since I can do my analysis on games and it works well for me, gambling is another way of making money with money.

You want to remain stagnant? Become scared of putting your money to work for you, the reverse is literally gambling.
Well some points are valid; not taking the risk won't give you profit, proper delegaation of money, losing in investments. However, gambling is different from investments. Risk is present to both gambling and investment but on different extent; risk of losing money on an investment is more manageable because there's cut loss along the way unlike with gambling wherein it is either you win or lose. Gambling is not a bad activity; it is just problematic gamblers which are contributing to this impression towards this industry. But I don't agree with delegating to gambling as something that will open greater opportunities, unless you are really lucky. Gambling is open for anyone but being victorious won't be happening to everyone, as I always want to emphasize to those who are having high hopes from gambling just because they saw someone won a big amount.

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July 29, 2024, 10:13:23 AM
 #16

Some people are scared of Gambling because they are afraid to loose money. Same reason why they probably don't want to start up a business or invest their money into something that might yield a fortune in the future because of the probability of failure.
You're like comparing oranges and apples on this one. You are connecting 2 things that aren't meant to connect with each other. Yes many are afraid to lose their money in gambling, but to compare it to something like they don't want to start up a business or invest?

Let's not always look at gambling from a negative point of view, for me, gambling is just like I'm delegating a portion of my money into something that could yield greater returns for me and since I can do my analysis on games and it works well for me, gambling is another way of making money with money.
If gambling works for you and you make money off of it then it's good. Most of the gamblers don't make any money in gambling for various reasons. Yes, I agree with you that gambling can yield you greater returns, but what are the chances that it will really give you profit compared to the other ways like just investing into a business or just buy and hold? It's lower, and don't ever think that gamblers can make money through gambling just because you're making money on it.

There might be some positive things that gambling can give to a normal gambler, but for most, it's always negative hence, they see it a negative one.

 
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July 29, 2024, 10:28:33 AM
 #17

It is not just a good idea to have an insight of associating gambling to investment as a gambler unless you are the bookmaker/developer who runs a gambling site such as the casinos for business where gamblers comes to play.
But seeing it as source of income dedicatedly where you can invest your funds to generate income is absolutely a bad ideal because in gambling we play for fun that is why we can only bet with what is affordable.

I barely gambling up to $25 weekly because I am trying to economize and managing my savings so tell me, what business can I invest with $25 dependently for a source of income? The money spent on gambling is assumed as one of the spare monies such as ones we spends on our leisures.

Investment funds is worth treasured to be managed because we expects to expand our portfolios through its income which gambling can never be a good source for it because it is unreliable instead we looses more than we accounts to profit.

You can imagine Investing on Bitcoin, inflation will actually come somedays to discourage you but when you keep accumulating and keep holding, you Will have a better chance to profit when the market is up but in gambling, you can not tell me to keep staking over and over without giving up with a false hope that I will hit the jackpot some days. Indulging in this is a dare and will end you bankrupt opting you to be in debts.











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Gozie51
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July 29, 2024, 10:34:25 AM
 #18


Let's not always look at gambling from a negative point of view, for me, gambling is just like I'm delegating a portion of my money into something that could yield greater returns for me and since I can do my analysis on games and it works well for me, gambling is another way of making money with money.



I think this is a revolutionalized way of seeing gambling and everything pertaining to gambling unlike in the past when it was seen as something only the few do. Although such thinking and ideas are still there rightfully but very many people have moved away from that for some reasons which I think poverty is part of it. People are now seeing gambling as a diversified income source and that is why you see married men slyly gambling out of the knowledge of their spouse because what actually matters to some families is to provide money in the home and so some men have taken to gambling. However, the focus of gambling has not changed. It is either you are going to win or you lose, so it is always good to bet according to how you can bear when you lose.

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July 29, 2024, 10:42:47 AM
 #19

You have some valid points but then gambling is not like other businesses that has a lesser risk associated with it, let say someone venturing into a boutique business is not the same as someone who wants to venture into gambling but other words they are all business that one can do. The risk associated with gambling is very high especially the tendency to lose one bet compared to other business is not the same, in real life business the chances of losing money is very slim unlike what you said, so the best is carve out some percentage of money from your savings or salary to gamble with this it could be more easier for you.

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July 29, 2024, 10:56:51 AM
 #20

Let's not always look at gambling from a negative point of view, for me, gambling is just like I'm delegating a portion of my money into something that could yield greater returns for me and since I can do my analysis on games and it works well for me, gambling is another way of making money with money.
Most people do not put business and gambling into one category but I understand your point. Both has risks and even if you learn and study as much as you want and possibly can, there are still instances that may lead to losses.
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You want to remain stagnant? Become scared of putting your money to work for you, the reverse is literally gambling.
Know when to take that leap. Great risks sometimes give off great benefits.

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