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Author Topic: Scared Money don't make money; gambling helps you delegate your money.  (Read 322 times)
pawanjain
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July 29, 2024, 10:57:38 AM
 #21

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.

Gambling is not a way to make money with money but to lose your money in the long run.
Yes, you can create your strategies by analysing the games but not everyone can do it.
Most of the people end up losing money in the long run and this is why you should not advice others to gamble just because you are making money from it.

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July 29, 2024, 11:05:33 AM
 #22

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.

That's true; the fear of the unknown has made so many people fail to take action even when there is a great opportunity to invest and make good returns. They fail to understand that there are always risks in everything we do in life. Every investor who made a fortune from business took high risk.

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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.

Gambling can be profitable or even make people rich, but it should never be seen as a business or investment. The probability of making big money from gambling is very small , that's why we need to be careful. You cannot use gambling as a hedge against inflation because you can lose all your money if you are not lucky. Investments like Bitcoin and real estate could be a better hedge.

Quote
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.

I saw some threads in the scam accusation section, and it made me believe that gamblers can make money from casinos. Gambling is an interesting adventure when we can control our behavior. Having a gambling budget and gambling with what we can afford to lose is the pathway to a fruitful gambling adventure. Gambling shouldn't be seen totally as a means of making money because it could lead to gambling addiction.

R


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July 29, 2024, 11:20:35 AM
 #23

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 don't see the similarity launching a business is very different from gambling, on launching a business you do a feasibility study, hire the best people in the business and have a projected goal and profit, something that you cannot do on gambling because its luck dependent, there is a luck factor in business but so much depends on how you know the business and how motivated are you in running it.
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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.
You have a misconception about gambling; the house always wins because of its edge. There is no higher way of winning in gambling; you cannot connect the process of setting up a business to betting in gambling and have them think it's the same.
Quote
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.
What works with you does not mean it will work for people and makes it a fact that gambling is never another way of making money with money; this is bad advice, and you only advise this to people with a lot of money that you hate.

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July 29, 2024, 11:21:56 AM
 #24

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.
While others are making a decent income out from gambling, but majority of the gamblers are certainly not profiting and are losing in the end. So you cannot tell that money will work for you if you gamble it, because if you keep that kind of mindset, you will not only lose your funds, but you will end up mentally and emotionally broken due to stress from losing consistently.

You can gamble with luck and make a good amount, but it’s only rare to be lucky in gambling. Most of the time you are at loss. Although it’s not bad to gamble, but at least learn to gamble responsibly by gambling only on the amount you can afford to lose.

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July 29, 2024, 11:27:26 AM
 #25

I cannot find a way to compare it with business. Somehow there's money coming back when you create a business while there's none in gambling. If you lose all your money then it's gone forever, while in business you will still have a chance to redeem a part of the invested money by selling the products at a cheaper price so that you could at least recover some of the money that was spent.
That cannot be done in gambling, you are just taking a high risk to try and win high profits which rarely happens. It's pure spending not investing and there's a chance you might lose it all in a snap. Sure, there's this perspective of taking the leap because we need that if we want to start something but I don't think it's similar with gambling.

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July 29, 2024, 11:36:11 AM
 #26

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.

Is gambling an investment? No
Is gambling a reliable means of making profit? No
I don't know where you are getting this idea from though but I'll assume you might have been lucky to make some good cash from gambling that why you are trying to make it look as easy as you said. Gambling is not an investment. If you want something good and reliable that can yield you profits in a long term then find a business. Gambling is something we do to play the odds and try our lucks. You cannot compare it to a business where you know that your money will return to you either ways with or without profit. So long you make sales and have potential customers you will make profits. But in gambling, profits isn't guaranteed. You can make alot from it today and it will take lot more from you tomorrow. Don't mix up the two things and get it complicated mate.

R


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passwordnow
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July 29, 2024, 11:59:23 AM
 #27

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.
Those that are scared to gamble aren't the same with those that are not wanting to do a startup business. The fear is there but someone who's been an established businessman would probably be scared of gambling because they know where it can lead them.

But I get the idea about a gambler who's a risk taker, they're really easy to do business and invest because they don't mind to invest because they've been a gambler and once a gambler, always a gambler so forget about the risk and they'd free to take that anytime of their lives.

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.
Let's understand people that does look negatively on it, their thoughts does makes sense although they're not inline with us. We gamble because we can take the risk and we know how to handle it. But for them, they base their thoughts on how they've seen the effect of it through someone.

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July 29, 2024, 12:00:25 PM
 #28

You wanna make money, you need to be brave, no doubt. But throwing your money into the casino ain't being brave, it's being stupid. Playing Russian roulette with your money isn't investing. Investing requires knowledge of the game, trends, and market. Gambling? Hope for a lucky streak, a dice throw. You may win big, but the odds are against you. The design is that way

I feel the adrenaline. To depend on that for your finances? A loser's mindset. Be knowledgeable and disciplined. Set limits, consider the risks, and never wager more than you can lose. Smart, not afraid. Respect the game and realize its influence over you. Want to win? Think, not feel

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July 29, 2024, 12:14:37 PM
 #29

       -     It is said that if you are notA risk-taker playing gambling is better not to play gambling in the casino because you also have no benefit because you are weak.

But if you are a risk-taker, you can play gambling because, win or lose, you will receive your heart freely, and that is the usual thing that responsible gamblers do.

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July 29, 2024, 12:23:56 PM
 #30

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, that's in your own opinion, and maybe gambling has actually been so beneficial to you, and that's why you feel it's just like putting your money into any other kind of business. 

If gambling is the only way that one has to invest, majority of people will not do it, just as many people are not doing it. They would rather keep the money to themselves than risk losing any bit of it in gambling when they (as non-gamblers) cannot benefit anything from it. A non-gambler doesn't see gambling as having fun but as taking risks with their money for profit, which is not guaranteed. Gambling must have luckily profited some people, while for another person, it was not really as lucky as they predicted, and that's to say, gambling is not just a source of income to depend on. 

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July 29, 2024, 12:32:58 PM
 #31

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.
The difference is that investing money in a particular business sector produces output in the form of goods that have value (plus or minus value remains in your hands) while gambling has absolutely nothing physical that you can hold, cannot be controlled and cannot be moved. So gambling has a different realm like you throw money into the air and let it scatter.

scenarios in the context of entrepreneurship can be evaluated and improved, developed depending on how good you are at managing it. In gambling there are only two options, win or lose completely. but in the context of entrepreneurship you can stop the operation and continue whenever you want, including limiting losses.

The categories of failed investment and gambling have differences and I don't think I need to tell you. This is common for ordinary gamblers to be able to distinguish them. If you still feel it's the same, it means your gambling journey needs to be expanded a little.  Roll Eyes

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July 29, 2024, 12:38:28 PM
 #32

I remember there was a thread like this, since @OP is a signature participant, he should aware with that thread, I don't understand why @OP didn't learn from that.

Thinking gambling as an investment is really weird, there's no guarantee you will profit in gambling. Investment is a way to grow your money for some period, instead of hitting a jackpot or short term. If you're making money in short time it's gambling, trading still need time, futures trading is also nothing different to gambling.

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July 29, 2024, 12:52:46 PM
 #33

Nah, mate. Gambling is different from business. Gambling is entertainment, a hobby, and might lead to addiction. It's not an investment. Sure, you can make a ton of money in the shortest possible time compared to business, but you also need a ton of luck to do that. Business is different. It might give you an ROI depending on what your business is, your target customers, how you handle it, and many other factors. Sometimes, it takes time before you can get an ROI, but it often provides better benefits and profits in the long term.
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July 29, 2024, 01:22:00 PM
 #34

Scared money, brave money, there are no such thing.

I don't understand why people are always try to find "reason" when someone is failed or loss, including absurd reason. When someone gambled their money, there's no scared or brave money, money is money. Same to patience, superstition etc etc, there are no relation with luck in gambling.

If you make money in gambling, it's good, if not then it's what it's.

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July 29, 2024, 02:01:35 PM
 #35

Scared Money don't make money; gambling helps you delegate your money.
If you say that as a saying above, for me it is very risky and wrong, if you know that gambling is a game based on luck, It's clear what you are suggesting is very messy, be careful recommending people like that, you could be a target for those who are frustrated when they are stressed about losing gambling.

Son, we have eaten a lot of money, making money, it's true, many people do that, business, investment and others, the fact is they succeeded, 1-2 of my people failed, general gambling failed, 1-2 people succeeded, remember that gambling game, You know that in games there are winners and losers, secondly, no one knows for sure, your fate and luck know that, remember, gamble with your financial capabilities or gamble with your side money, don't gamble with your salary or passive income, you could be driven crazy.

R


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July 29, 2024, 02:07:40 PM
 #36

It's funny what the OP says because in poker, at the lower levels no, but when you go up a little level, the one who knows how to play wins pots thanks to the fear of the opponent. In general, fear is not good and neither is it good with investments or bets, but do not confuse fear with being foolish. Playing crazy roulette as if to prove to yourself that you're not afraid or something is a recipe for disaster.

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July 29, 2024, 02:18:15 PM
 #37

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.
It's understandable when someone gives their reason for not starting up gambling because of the losses it incurs but adding it up to business or investment sounds stupid because in business what someone should look for, is the profits to accumulate from the business or investment they plan to start up with, not the losses because in business, profits are higher than the losses but in gambling we have the losses higher than winning.

Having said that, someone who gave their reason not to start any business enterprise of their choice because of losses to encounter is not ready to take risks in life. Wealth is far from them.

In life generally, someone should be ready to take diverse risks to be successful because they don't know the exact one that will make them more successful in life

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July 29, 2024, 02:20:28 PM
 #38

And this is why to bet the min on any game is just a waste of money and time, that was my conclusion after some years of gambling, if we have $100 balance is better to do 50 bets of $2, or 100 bets of $1, than making 500 bets of $0.2 because if we hit a big multiplier the goal is to make money with it, but $0.2 on x100 only pays 20, not even close to the depo amount, in fact, it's only 20% of the depo amount, that way we will never get to the profit side.

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July 29, 2024, 02:33:19 PM
 #39

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.

I don't think that's good perspective, comparing investing the money has been idle on your bank account with startup and bet with that money cause they are entirely different. See gambling is not a way to make money and it's not depends on skill, just the luck whereas business purely depends on your skills and effort.

So don't chase money in the wrong path, it doesn't take too long to bust entire balance if you're not lucky so it's just better to be stagnant than taking risk with my luck.

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July 29, 2024, 02:48:45 PM
 #40

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.
I don't think gambling and business or entrepreneurship should be in the same context, gambling is basically a prediction of an event and how the end results of that event will come out to be, however in predicting the results of that event, you will have to stake your money in line with the prediction you've given, more so the results can go either ways, it's either you win or lose. Meanwhile business or entrepreneurship as you may call it, involves buying and selling of goods and services either in the market or a choice location for profit making.

If you check at the risk factors involved in gambling, is higher than that of opening a business venture, of course businesses can collapse if not well managed, but that collapse can mostly happen in a rare occasions compared to the frequency at which some gamblers lose their money.

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