How much are you willing to gamble

[I_Anime]

As long as you can afford to pay your rent or mortgage, food, utilities, and other essentials without getting into financial trouble or borrowing money to gamble, it should be fine. The amount you gamble depends on how much you are willing to lose. Since gambling has a negative expected value (EV) in the long run, you won’t make money from it, but you can still have good days.

At the end you can still make money from it if you have luck so if you are saying the person will not make money or win from the gambling is not true. If gamblers didn't make money from the gambling then what motivated them to gamble. And the price to gamble is depends on the income of the gambler. And he must be a responsible gambler to manage his funds so he will not lose excess.

What is motivating most gamblers is not the money they are making ( because most gamblers losses are higher than their win ) what actually keep them going is the fact that they believe that one day they will surely hit the jackpot.

Yeah in gambling you can either win or lose is two ways it all boils down to how lucky you are , but to me luck ain't something one can control, it's just act on its own, that's why we should be careful of the amount we use in gambling.

[Dr.Bitcoin_Strange]

I have made this type of mistake before and honestly, it wasnt a pleasant experience at all, it is this mistake that changed my perception of gambling, and today, I see every type of gambling as just having fun including sports betting.
And you will agree with me that someone who have money kept or saved up for an important thing will not spend it on fun venture if he is in his right senses..

So, the mistake lies in people's perception of gambling, when people see gambling as a way or means to double their money rather than having fun, they are likely to gamble with money kept for something very important, believing that even if others are loosing, they won't loose, but then, it doesn't take long before reality hit them in the face ☺️.

I have already experienced it many times and i must say that for countless times it was not a good experience at all, anyone that has not experienced it should learn from other people's mistakes like you mentioned. Although, there's a day it did favor me and I actually needed that extra money that day but it only surprise me with winning a few times and the rest was countless losses. That's why I will not advise anyone to try it because they are never sure of what the outcome of that bet will be.

[Akbarkoe]

.................

What is motivating most gamblers is not the money they are making ( because most gamblers losses are higher than their win ) what actually keep them going is the fact that they believe that one day they will surely hit the jackpot.

Yeah in gambling you can either win or lose is two ways it all boils down to how lucky you are , but to me luck ain't something one can control, it's just act on its own, that's why we should be careful of the amount we use in gambling.

Yes, gambling is not profitable at all, but the false belief of a big win has led them deeper into gambling. This makes them continue to gamble every time they have some money, until they eventually lose more money, and they continue to chase their losses, hoping that all those losses will soon be replaced by the big win they might get.

In gambling, it is possible to lose or win, but what actually happens is that winning is just a possibility, while losing is something that we will definitely get.

I have made this type of mistake before and honestly, ......................

I have already experienced it many times and i must say that for countless times it was not a good experience at all, anyone that has not experienced it should learn from other people's mistakes like you mentioned. Although, there's a day it did favor me and I actually needed that extra money that day but it only surprise me with winning a few times and the rest was countless losses. That's why I will not advise anyone to try it because they are never sure of what the outcome of that bet will be.

Even a donkey will never fall into the same hole, but like in gambling, we can be more stupid than a donkey. In gambling, we often make the same mistakes, which in the end only causes great losses.

When we win, sometimes we think that today luck will always be on our side. so instead of withdrawing the results of the victory, we behave carelessly by using it back into gambling, and what happens, we not only lose the victory, but we also lose all the money we have at that time.

[Agbe]

Snip

We can use gambling to pass time and not for profitable purposes. Many gamblers are disappointed because they put their mind in the gambling bet and hoping to win so they can gain something to settle debt and feed but gambling is not for all that. We can engage in gambling to pass time and in the process if we win it is our lucky and if we lose it is unlucky. Gambling is not meant for us to win but to lose in most time. When the clock is ticking around, only the lucky gamblers wins. It is only in sport that the gambler use his own initiative to play bet. Even at that we don't know who is going to win so we still loss.

[Dewi Aries]

I have made this type of mistake before and honestly, it wasnt a pleasant experience at all, it is this mistake that changed my perception of gambling, and today, I see every type of gambling as just having fun including sports betting.
And you will agree with me that someone who have money kept or saved up for an important thing will not spend it on fun venture if he is in his right senses..

So, the mistake lies in people's perception of gambling, when people see gambling as a way or means to double their money rather than having fun, they are likely to gamble with money kept for something very important, believing that even if others are loosing, they won't loose, but then, it doesn't take long before reality hit them in the face ☺️.

I have already experienced it many times and i must say that for countless times it was not a good experience at all, anyone that has not experienced it should learn from other people's mistakes like you mentioned. Although, there's a day it did favor me and I actually needed that extra money that day but it only surprise me with winning a few times and the rest was countless losses. That's why I will not advise anyone to try it because they are never sure of what the outcome of that bet will be.

Yup that's right, and from most cases it is indeed misunderstanding that often leads or directs a gambler to various setbacks in his life, such as gamblers who come for money, I don't know why they can believe that they will get a lot of money from gambling, but what is certain is that all of that is done and happens because of their misunderstanding in responding to gambling from the start. I think we all know that there are many cases like that that happen to gamblers and it should be like you said that other gamblers, especially beginners, should be able to use other people's experiences as learning materials so as not to get caught up in the same problem. Even though from the start it was clear that gambling should not be used as an intermediary to overcome financial problems, but yes that's how it is, I mean there are always people who are very careless and maybe in the end only regret will tell them.

[Rabata]

I have made this type of mistake before and honestly, it wasnt a pleasant experience at all, it is this mistake that changed my perception of gambling, and today, I see every type of gambling as just having fun including sports betting.
And you will agree with me that someone who have money kept or saved up for an important thing will not spend it on fun venture if he is in his right senses..

So, the mistake lies in people's perception of gambling, when people see gambling as a way or means to double their money rather than having fun, they are likely to gamble with money kept for something very important, believing that even if others are loosing, they won't loose, but then, it doesn't take long before reality hit them in the face ☺️.

I have already experienced it many times and i must say that for countless times it was not a good experience at all, anyone that has not experienced it should learn from other people's mistakes like you mentioned. Although, there's a day it did favor me and I actually needed that extra money that day but it only surprise me with winning a few times and the rest was countless losses. That's why I will not advise anyone to try it because they are never sure of what the outcome of that bet will be.

A big problem with gamblers in gambling is that they do not want to learn much from the mistakes of others. That is why they do not indulge in gambling until they themselves suffer losses. At one point when they start losing and it is all over, they can discuss the mistakes. In gambling I can lose so I should bet such money. I have heard that some people do not have ability but they gamble with the money they have and after losing they live a very miserable life. Gambling is not a source of income that is why we should not bet in the hope of constant profit.

[Tmoonz]

I have made this type of mistake before and honestly, it wasnt a pleasant experience at all, it is this mistake that changed my perception of gambling, and today, I see every type of gambling as just having fun including sports betting.
And you will agree with me that someone who have money kept or saved up for an important thing will not spend it on fun venture if he is in his right senses..

So, the mistake lies in people's perception of gambling, when people see gambling as a way or means to double their money rather than having fun, they are likely to gamble with money kept for something very important, believing that even if others are loosing, they won't loose, but then, it doesn't take long before reality hit them in the face ☺️.

I have already experienced it many times and i must say that for countless times it was not a good experience at all, anyone that has not experienced it should learn from other people's mistakes like you mentioned. Although, there's a day it did favor me and I actually needed that extra money that day but it only surprise me with winning a few times and the rest was countless losses. That's why I will not advise anyone to try it because they are never sure of what the outcome of that bet will be.

A big problem with gamblers in gambling is that they do not want to learn much from the mistakes of others. That is why they do not indulge in gambling until they themselves suffer losses. At one point when they start losing and it is all over, they can discuss the mistakes. In gambling I can lose so I should bet such money. I have heard that some people do not have ability but they gamble with the money they have and after losing they live a very miserable life. Gambling is not a source of income that is why we should not bet in the hope of constant profit.

I know of someone who sold an inheritance cheaply just to place a bet he claimed is a game sent from Holland, some people are being scammed by some called professionals that gives out games online not knowing they are fake and nothing can be too sure until the end of the game, they predicted about five games in England premiership and championship to end in draw but all the games ended in can not draw he loss his bet and refused to tell anyone about it after some time he couldn't bear it all along so he has to open up in tears and pains, we should gamble and respect our boundaries not to be carried away.

[Distinctin]

I have made this type of mistake before and honestly, it wasnt a pleasant experience at all, it is this mistake that changed my perception of gambling, and today, I see every type of gambling as just having fun including sports betting.
And you will agree with me that someone who have money kept or saved up for an important thing will not spend it on fun venture if he is in his right senses..

So, the mistake lies in people's perception of gambling, when people see gambling as a way or means to double their money rather than having fun, they are likely to gamble with money kept for something very important, believing that even if others are loosing, they won't loose, but then, it doesn't take long before reality hit them in the face ☺️.

I have already experienced it many times and i must say that for countless times it was not a good experience at all, anyone that has not experienced it should learn from other people's mistakes like you mentioned. Although, there's a day it did favor me and I actually needed that extra money that day but it only surprise me with winning a few times and the rest was countless losses. That's why I will not advise anyone to try it because they are never sure of what the outcome of that bet will be.

This is gambling's reality. They make you win at the beginning and make you think you can be rich with gambling, but when you start doubling your bet and expect more from gambling outcome, that's when reality hits you in your face that the house will always have the edge in gambling no matter what. But losses have already been made and all you can do is just regretting your decision why you have reached that point betting too much.

[Sandra_hakeem]

What is motivating most gamblers is not the money they are making ( because most gamblers losses are higher than their win ) what actually keep them going is the fact that they believe that one day they will surely hit the jackpot.

Yeah in gambling you can either win or lose is two ways it all boils down to how lucky you are , but to me luck ain't something one can control, it's just act on its own, that's why we should be careful of the amount we use in gambling.

Money is involved mate. I mean what else will keep a gambling staking consistently if not the strong believe that someday he/she will luckily win massively and cover up for all losses incurred throughout their gambling cycle. Some persons gets lucky and it pays off after a long while, a few win within a short time of gambling and majority keep hoping and praying and never experiences it

Risk taking has been the option in the world of money making. Be it gambling or whatever it might be the hunger to have a share of what you have witnessed or heard someone enjoy will be triggered. The advice for caution cannot be overemphasized but it's only a few that takes heed

[2Pizza410000BTC]

That's a whole lot of money mate, and I like that guy because he knows that Trump would win the election and that was why he took the bold step to bet with such amount of money. He might not worth too much, but had to take the risk since he knows his chances of winning is high than losing, and boom he won his bet. If I have the assurance that I will win my bet, I can stake with a huge amount of money, but how possible will that be. I prefer to put my mind at ease and for that reason, I only gamble with 3% of my income, so that if I loss it all, it wouldn't affect me emotionally.

Yes, it was a gamble of a lot of money because $30 million is a huge amount for us, which we can never imagine. Gambling is based entirely on luck. He might have predicted that Donald Trump would win the election and he had such faith in his mind that he bet on Donald Trump. But it might not be possible for us to take such a bold step. But $30 million might not be a huge amount for his money, like 5 to 10% of his income. As we say, one should always use one to five percent of his income for gambling. He might have done that. He has a huge amount of money from which he bet $30 million, so this budget might be very low for him. But he took the maximum risk and won.

[alastantiger]

This is gambling's reality. They make you win at the beginning and make you think you can be rich with gambling, but when you start doubling your bet and expect more from gambling outcome, that's when reality hits you in your face that the house will always have the edge in gambling no matter what. But losses have already been made and all you can do is just regretting your decision why you have reached that point betting too much.

It isn't them that made you to win but it was your beginners luck that was working for you but the luck doesn't work for you for long, the more experienced you get in gambling, the more the beginners luck will be lost. When you're winning you have to quit while you're still in profits because the casinos don't like people that are winning them and they might do you something to make you lose your money.

Either they ask for you to verify your kyc or you begin to have issue that you didn't have previously. There shouldn't be a specific amount that we have to use in gambling but when we're gambling we have to only deposit an amount that isn't too much for us to handle because money is becoming more scarce in spite the fact that more are getting printed.

[Wakate]

Snip

We can use gambling to pass time and not for profitable purposes. Many gamblers are disappointed because they put their mind in the gambling bet and hoping to win so they can gain something to settle debt and feed but gambling is not for all that. We can engage in gambling to pass time and in the process if we win it is our lucky and if we lose it is unlucky. Gambling is not meant for us to win but to lose in most time. When the clock is ticking around, only the lucky gamblers wins. It is only in sport that the gambler use his own initiative to play bet. Even at that we don't know who is going to win so we still loss.

I don't actually understand what you mean by not for a profitable purpose. Are you telling us that you are gambling for the fun and not to make money as gamblers? Betting is meant to be fun but sometimes it's not fun because of the loses we are incurring. We can't also predict games and they end in winnings. There are times when things we go offside and we would have to keep trying before we can be proud of making good profits from gambling. The sole reason why you would want to gamble another day is because of the profits you intend to make without even thinking about any loss.

[Weawant]

A big problem with gamblers in gambling is that they do not want to learn much from the mistakes of others. That is why they do not indulge in gambling until they themselves suffer losses. At one point when they start losing and it is all over, they can discuss the mistakes. In gambling I can lose so I should bet such money. I have heard that some people do not have ability but they gamble with the money they have and after losing they live a very miserable life. Gambling is not a source of income that is why we should not bet in the hope of constant profit.

Gambling not been a source of income is very hard for some to comprehend especially those in some  developing countries where they have got serious issues with their unemployment rate and their poverty to wealth ratio, only a few of them later come to terms with this, even when they see others suffering from the effects of gambling, they still will not learn because to them their own situation will be different, probably they are going to have a different ki d of luck and may get favoured then the other person so needless of putting that into considerations.

[Miles2006]

What is motivating most gamblers is not the money they are making ( because most gamblers losses are higher than their win ) what actually keep them going is the fact that they believe that one day they will surely hit the jackpot.

Yeah in gambling you can either win or lose is two ways it all boils down to how lucky you are , but to me luck ain't something one can control, it's just act on its own, that's why we should be careful of the amount we use in gambling.

I will always consider gambling win as luck because how on earth will anyone predict so accurate, if anyone speaks on strategy while gambling they’re actually not being serious. Gamble what you can afford to lose this is so simple and anyone following this will never find it difficult taking a break when necessary, I think I have talked about this mentality of hitting the jackpot although some are so lucky no doubt but, anyone can easily misuse their funds during the process unknowingly they’re gone.

[Dr.Bitcoin_Strange]

When we win, sometimes we think that today luck will always be on our side. so instead of withdrawing the results of the victory, we behave carelessly by using it back into gambling, and what happens, we not only lose the victory, but we also lose all the money we have at that time.

That can only happen if the player is not able to control there greed. That's why it's very important to be very discipline by having a rule or timetable that guid you. For example, when you have a rule that if you luckily win a certain amount, you will not gamble again or if you lose a certain amount, you will not continue again, such rules could help you to remain discipline. I was able not to repeat some certain mistakes again in gambling because I made some rules that was helping me to become discipline.

[Iranus]

That can only happen if the player is not able to control there greed. That's why it's very important to be very discipline by having a rule or timetable that guid you. For example, when you have a rule that if you luckily win a certain amount, you will not gamble again or if you lose a certain amount, you will not continue again, such rules could help you to remain discipline. I was able not to repeat some certain mistakes again in gambling because I made some rules that was helping me to become discipline.

But honestly, controlling greed is not easy. Not only you and me but I believe most other gamblers also have their own rules and disciplines, but to be able to follow the rules is not as easy as we say, especially when it comes to profits. I mean, many people are very disciplined and they will stop immediately if they lose all their money but it is not easy to be disciplined when we are winning. Just like in investing, many people are very good at holding on when their investments are losing but they can't seem to take profits as planned because greed is the hardest thing to control.

During the bull season, making profits is easy but at the end of the season very few people make profits because they are too greedy and want to earn more from the market. Similarly, in gambling, controlling greed is extremely difficult because everyone wants more money.

[Dewi Aries]

When we win, sometimes we think that today luck will always be on our side. so instead of withdrawing the results of the victory, we behave carelessly by using it back into gambling, and what happens, we not only lose the victory, but we also lose all the money we have at that time.

That can only happen if the player is not able to control there greed. That's why it's very important to be very discipline by having a rule or timetable that guid you. For example, when you have a rule that if you luckily win a certain amount, you will not gamble again or if you lose a certain amount, you will not continue again, such rules could help you to remain discipline. I was able not to repeat some certain mistakes again in gambling because I made some rules that was helping me to become discipline.

Yes and most likely it will only be owned by a gambler who comes with the intention and purpose of looking for a lot of income, because usually when you are obsessed with something then you will continue to think about it and also make thoughts that sometimes do not make sense just because you experience something fun like getting a win.
I agree with your opinion about us who must be disciplined that is true but my friend from the experience that I have and what I feel usually all actions and thoughts that lead to the prevention aspect will only be in a gambler who comes with the intention of entertainment because they understand about what and how big the risks that can be caused by gambling when done in the wrong way, meaning self-control in my opinion can be applied depending on whether you come to seek entertainment or income.

[bettercrypto]

30M$ dollars is the total amount he wagered? So, does that mean that including the winnings, his losses are in the 30 million that the op is talking about? But literally speaking, that's still too big, assuming 15 million of that is the total amount he won and the remaining 15 million dollars is a loss, it's still considered a lot.

That means that person is extremely rich, he's just throwing money away in reality. How many generations of my family can live on that, in reality. But he's decentralized, right?
So, I think the government can't do anything about it.

[Betwrong]

~
I will always consider gambling win as luck because how on earth will anyone predict so accurate, if anyone speaks on strategy while gambling they’re actually not being serious. Gamble what you can afford to lose this is so simple and anyone following this will never find it difficult taking a break when necessary, I think I have talked about this mentality of hitting the jackpot although some are so lucky no doubt but, anyone can easily misuse their funds during the process unknowingly they’re gone.

Right, it depends on luck in more than 60% of cases even in sports betting and poker. Let alone slots, minesweeper, video poker, roulette, plinko, lottery and games like that where it's 100% luck. The only thing that you can control is your budget/balance. You should never go over the limit that you've established and then your gambling experience will be alright.

[Thanos01]

That’s an insane amount to bet, and I get why it raised eyebrows. You’re right! focusing on one platform won’t stop people with deep pockets from gambling big. It’s more about promoting responsible habits than targeting platforms alone. Still, $30M on one bet? Unreal.