What do you think is the disadvantages of gambling

[Smartprofit]

Of course we cannot consider gambling as an investment that will be able to provide benefits and in investing of course there are many things that must be prepared to be able to run well in order to get benefits from it

Directly, gambling can certainly not be perceived as an investment. However, it is worth noting that now, many casinos have their own tokens that can be staked to earn some interest. Thus, casinos attract to their platforms not only gamblers but also those who are interested in investments that can bring passive income.

The problem with online casino tokens that can be frozen and earn interest (like deposits in a commercial bank) is that the value of the tokens themselves can fall over time.

Yes, you will be paid interest, but if the value of the token is constantly falling, will it make you a profit? No, because the value of your tokens today plus the interest earned will be less than the value of your tokens yesterday.

In fact, online casino tokens will only retain their value if the economic situation of the online casino is stable over a long period of time. Even better, if the online casino is dynamically developing and the number of players is constantly increasing over time.

However, the gambling industry is fiercely competitive. And not all casinos can demonstrate their dynamic development over a long period of time.

[danherbias07]

The person is stubborn because he believes in doubling the money in gambling again --- this is like a severe addiction and in the end will regret blaming himself by saying “I failed to take your advice” Yeah people like this will realize after losing all.

I do feel the loss, but if you have won a large amount then you have to enjoy it, whether it's in investment or spending on yourself it doesn't matter as long as you enjoy it.

Gambling with the intention of doubling money is a poor mindset and it gives off a sign of desperation, gambling is meant for entertainment and not to give you emergency cash. Most gamblers who manage to get lucky end up losing their wins because they get too greedy, some of them even go as far as increasing their stake to win more without taking 70 percent of their profit, this is why they end up frustrated because they want gambling to solve all their problems.

Yeah, that's correct, and I think that's the norm for every gambler. After winning, you get to be greedy because you will now have enough funds to gamble more without even thinking of cashing out a part of that money. They may have a goal amount set on when they will withdraw, but I believe that's where we make a mistake.

It should be the other way around. Withdraw what you can and just leave an amount that we think we can afford to lose, and then take a bit of a rest. 24 hours will be enough because somehow that will help clear our minds and maybe that greed will settle down.

[rachael9385]

The person is stubborn because he believes in doubling the money in gambling again --- this is like a severe addiction and in the end will regret blaming himself by saying “I failed to take your advice” Yeah people like this will realize after losing all.

I do feel the loss, but if you have won a large amount then you have to enjoy it, whether it's in investment or spending on yourself it doesn't matter as long as you enjoy it.

Gambling with the intention of doubling money is a poor mindset and it gives off a sign of desperation, gambling is meant for entertainment and not to give you emergency cash. Most gamblers who manage to get lucky end up losing their wins because they get too greedy, some of them even go as far as increasing their stake to win more without taking 70 percent of their profit, this is why they end up frustrated because they want gambling to solve all their problems.

Yeah, that's correct, and I think that's the norm for every gambler. After winning, you get to be greedy because you will now have enough funds to gamble more without even thinking of cashing out a part of that money. They may have a goal amount set on when they will withdraw, but I believe that's where we make a mistake.

Long ago something happened which I can't forget in a hurry, can't get it of my head because I did it out of greed, even though it's been long the flash of it is still there. Was a time I gamble because I needed some money to pay for a bill and I was lucky to win the exact amount which I needed but out of greed I continued to gamble and that was how I lost all the money because I was greedy and couldn't quit.

[junder]

Yeah, that's correct, and I think that's the norm for every gambler. After winning, you get to be greedy because you will now have enough funds to gamble more without even thinking of cashing out a part of that money. They may have a goal amount set on when they will withdraw, but I believe that's where we make a mistake.

It should be the other way around. Withdraw what you can and just leave an amount that we think we can afford to lose, and then take a bit of a rest. 24 hours will be enough because somehow that will help clear our minds and maybe that greed will settle down.

The desire to win more will arise and yes, most likely everyone who gambles can experience it, I myself am sometimes like that, especially if I gamble when I am in a good mood and then there is a win that is obtained, then it is very likely that I will definitely continue it by one way of increasing the amount of the bet.

With the advice you gave, it is a good advice, and yes, I do it occasionally because gambling continuously is not recommended.

[LUCKMCFLY]

That's right, our thinking will no longer pursue to get a big win. Although there will still be hope that we win a large amount of money offered by the casino. But when we are given luck with a small win, it would be better if we are not too greedy to multiply it at that time too.
I just believe that we may get lucky at certain times, but that luck cannot continue to be with us all the time. So we are the ones who decide to be satisfied with what we get, or just want to continue making deposits with a loss at the end of the session.

Well in casino games the only way to bet little and win a lot is in slots, in the other games I see that what is bet and won is not much, it is something similar to what is bet, there is nothing sure, because even small bets on Small bets add up and you can spend a lot, that is why I say that every time you play and have small winnings you should leave it there and accumulate until you have something respectable to withdraw, but to reach that level you must have a lot of discipline.

[rachael9385]

Human nature of greed, that's why everyone losing their money into gambling. It's not enough that we won money already. We will comeback and try to win more. So that is the very heart of it, people are not contented.

There is unrealistic expectations for most of us. Even I will admit to this, that once I hit, it will solved my financial problems. But it's not, it will just make it worse as you might start to borrow money from banks and individuals with huge interest.

Greed is definitely one of the disadvantage of gambling especially if you are a beginner that's getting lucky wins. I know a lot of people that got hooked to Gambling because they were winning a lot at the beginning stages. They fell into the self destructive habit because they wanted to win more. Which means that whenever you win there's a chance that you might get trapped if you are not disciplined enough to know when to stop.

[Fortify]

A friend of mine that gambled and won told me that he will be gambling with money he won to multiple he's money, I looked at him and told he, that what he said is wrong concept in gambling, I told him to map out some amount for gambling and use the remaining for investment because gambling is not a sure something that you will be winning almost every time,

But he insisted that before the money he won will finish he will win more, so since he refuted my advice, then I let he go to do his wish, after one week time, he came to me and started blaming himself for misusing the money he won on gambling,

So from your own perspective, what do you think is among disadvantages of gambling with what you have?

Some people believe they can beat the system and 99.99% of the time they are just disillusioned. You have to be very clever to consistently beat the house over the long run and they are always working to shut down any profitable players. The only scenario you have a chance of sticking it out is something like poker, in a player to player situation where the house is getting paid regardless and you have enough intelligence or other skill to outwit the opponents. However online poker comes with its own drawbacks, as it'll never be as random as offline due to algorithm generators and it also uses other tricks to balance the play, sometimes even rewarding the more volatile players as they generate more rake for the casino.

[Oluwa-btc]

But he insisted that before the money he won will finish he will win more, so since he refuted my advice, then I let he go to do his wish, after one week time, he came to me and started blaming himself for misusing the money he won on gambling,

So from your own perspective, what do you think is among disadvantages of gambling with what you have?

 People with different ideology of gambling most times I think there should be a gambling orientation exercise that will educate beginners snd long term gamblers of what gambling is basically all about cause as the day go by it seems most of them have forgotten what it is and a more reason alot of them go all in with the mindset of winning all the time which is different. There's more we need to know about gambling as it has a repulsive spirit that doesn't let gamblers go not until they must've exhausted their bankroll.

[LUCKMCFLY]

When it comes to gambling, emotions often cloud the mind. It is enough for a person to win once, or for this win to be large, and the player begins to believe that in the future such wins will be repeated regularly. No! Most likely, this will not happen. The human brain is not always able to correctly understand the concept of randomness. If you have won a large sum, then the right thing for you is to stop playing. But as a rule, in reality, exactly the opposite happens. A person is so inspired by the win that he has a desire to play more and more often. As a result, he loses all the money.

You are absolutely right, I say that when they win they feel very good, their self-esteem rises, their spirits go through the roof and that makes people feel lucky and that is the dangerous part, because they start betting believing that they are going to win anyway and that is when they start losing, but that is why if there is a big win in a casino it should be taken advantage of, the luck that one has must be taken and not thrown away.

[swogerino]

But he insisted that before the money he won will finish he will win more, so since he refuted my advice, then I let he go to do his wish, after one week time, he came to me and started blaming himself for misusing the money he won on gambling,

So from your own perspective, what do you think is among disadvantages of gambling with what you have?

 People with different ideology of gambling most times I think there should be a gambling orientation exercise that will educate beginners snd long term gamblers of what gambling is basically all about cause as the day go by it seems most of them have forgotten what it is and a more reason alot of them go all in with the mindset of winning all the time which is different. There's more we need to know about gambling as it has a repulsive spirit that doesn't let gamblers go not until they must've exhausted their bankroll.

Lately I have seen that the huge majority of people play Crash as a game, it is very fun and if you have enough bankroll plus you are patient enough, you can make a change, meaning you can hit it huge, I have seen people now playing in the casino I have in my signature that are betting IDR 1.000.000 equaling roughly 65 dollars and one person hit the 298.13x multiplier getting near 300 million IDR which is quite an achievement I must say, of course congrats to him for having the guts to wait, I would have cashed out really much earlier. Crash, speaking of which, I am implementing a great strategy for wagering now, I use auto cash out at 1.01x and use 10.000 IDR as a bet, I have passed so many levels just by being patient enough.

[LUCKMCFLY]

Greed is definitely one of the disadvantage of gambling especially if you are a beginner that's getting lucky wins. I know a lot of people that got hooked to Gambling because they were winning a lot at the beginning stages. They fell into the self destructive habit because they wanted to win more. Which means that whenever you win there's a chance that you might get trapped if you are not disciplined enough to know when to stop.

Undoubtedly greed is something that is a disadvantage, but I consider that it is not the game's fault, it is our own fault, the error is our own, I think that the only disadvantage that the game has is that if we want to play and the minimum entry is 5usd and if we have 4usd, there will never be exceptions, it has to be with 5usd, we must look for the other dollar to play, we cannot be looking for a way for them to let us play because we are good ,  or we always go to the casino, no, we have to comply with what is required, that may be a disadvantage, it is minimal but in the end it is a disadvantage.

[fruktik]

Long ago something happened which I can't forget in a hurry, can't get it of my head because I did it out of greed, even though it's been long the flash of it is still there. Was a time I gamble because I needed some money to pay for a bill and I was lucky to win the exact amount which I needed but out of greed I continued to gamble and that was how I lost all the money because I was greedy and couldn't quit.

So what do the casino's shortcomings have to do with it? Did it force you to continue playing? No, it didn't. Everything depended solely on you. Do you think that you were the only one who encountered such a situation? Not at all. When I didn't think about the consequences before and was an overly naive young man, I also couldn't stop because of greed. I continued playing until the money on my balance ran out. At the same time, I already had the necessary amount of money to pay for some thing or service. Yes, we tend to make mistakes and I'm not afraid to admit it, since I am far from being a perfect person. Many people are afraid to admit it not only to others, but also to themselves.

[LUCKMCFLY]

So what do the casino's shortcomings have to do with it? Did it force you to continue playing? No, it didn't. Everything depended solely on you. Do you think that you were the only one who encountered such a situation? Not at all. When I didn't think about the consequences before and was an overly naive young man, I also couldn't stop because of greed. I continued playing until the money on my balance ran out. At the same time, I already had the necessary amount of money to pay for some thing or service. Yes, we tend to make mistakes and I'm not afraid to admit it, since I am far from being a perfect person. Many people are afraid to admit it not only to others, but also to themselves.

Yes, that is something that we must always admit , in this Aspect when we go into a more detailed outline some people find it hard to admit that it was their fault , and I have made many Mistakes , that is why the things that I know now all come down to one thing and that is that as long as I control my money I will have everything in my favor, even if I lose I will be winning because I will not Feel any regret, that is what we must always see.

[Hispo]

...
You are absolutely right, I say that when they win they feel very good, their self-esteem rises, their spirits go through the roof and that makes people feel lucky and that is the dangerous part, because they start betting believing that they are going to win anyway and that is when they start losing, but that is why if there is a big win in a casino it should be taken advantage of, the luck that one has must be taken and not thrown away.

What most people do not understand when comes to luck and the way it works is the fact good can be either on the gambler's side and also on the side of the casino. It is not an single way phenomenon in which a gambler could walk away a casino with their pockets full with cash.
Not even mention that most people ignore casinos also take advantage of human psychology and use our emotions in their advantage to keep us gambling and gambling for a prolonged period of time, in order to allow the house edge to kick in and allow the casino to take their slice of our bankroll.
It is more dangerous to approach a casino feeling lucky than being realistic and be ready to lose our bankroll.

[r_victory]

The biggest disadvantage is that you have to rely purely and exclusively on luck, which I don't even know if we can say for sure exists.

When you win, it's a good idea to set aside a portion to invest in a business or in an account that yields a reasonable monthly percentage. It's always good to have an emergency fund. Maybe, if you want, you can bet the initial amount before you win and, who knows, maybe you'll win again.

[Mpamaegbu]

If you have won a large sum, then the right thing for you is to stop playing. But as a rule, in reality, exactly the opposite happens. A person is so inspired by the win that he has a desire to play more and more often. As a result, he loses all the money.

I guess what causes it is because a lot of those who hit jackpots gambling, didn't have a blueprint of what to do with the money when they win. No plan for the money, whatsoever, at the initial time. They only begin to plan after the money had been won. Such a plan is often drawn from an unrealistic perspective of how big these lucky gamblers want what ordinarily should be a small or medium scale investment into an extravagant magnitude. That's how most of them get to keep believing they will win some more so they can wrap up whatever investments they've started already. So, they keep playing. I've seen this scenario I described here happen in real time.

[summonerrk]

A friend of mine that gambled and won told me that he will be gambling with money he won to multiple he's money, I looked at him and told he, that what he said is wrong concept in gambling, I told him to map out some amount for gambling and use the remaining for investment because gambling is not a sure something that you will be winning almost every time,

But he insisted that before the money he won will finish he will win more, so since he refuted my advice, then I let he go to do his wish, after one week time, he came to me and started blaming himself for misusing the money he won on gambling,

So from your own perspective, what do you think is among disadvantages of gambling with what you have?

If you think about it, each of us knows very well the strategy of Martingale, when after an unsuccessful bet you can increase the bet by a certain percentage and bet again.
And such a strategy can be quite profitable in the short term, since it does not bring much money, but nevertheless its only drawback is that at a certain point the deposit may end.
A So, theoretically, if a gambler has a lot of money, he can tempt fate many times and eventually leave with winnings, until a really long series of failures occurs. That is why many gamblers try to collect as much money as possible in order to try to win using this strategy.

[Mate2237]

Gambling has alot of disadvantages because the process of gambling entails that you use money in placing in an uncertain future which is associated with great risks of losing money which could affect the financial life of an individual so gambling is associated with alot of disadvantages.



Responsible gambling practices should be the watch word of anyone gambling because gambling without controls will leads to addiction which is very hard for an individual to come out from when a person gets to that stage of addiction and this will make an individual to to save money and can lead to alot of problems in the family if the gambler is a family man

[Stalker22]

If you think about it, each of us knows very well the strategy of Martingale, when after an unsuccessful bet you can increase the bet by a certain percentage and bet again.
And such a strategy can be quite profitable in the short term, since it does not bring much money, but nevertheless its only drawback is that at a certain point the deposit may end.
A So, theoretically, if a gambler has a lot of money, he can tempt fate many times and eventually leave with winnings, until a really long series of failures occurs. That is why many gamblers try to collect as much money as possible in order to try to win using this strategy.

Yeah, the Martingale strategy sounds great until it isnt. That "short term profit" you're talking about? Its a trap. One bad run and your deposit is gone. Its not a matter of if it ends, but when. So, profitable? Maybe for a lucky few, for a tiny bit. Sustainable? Absolutely not. Its a quick way to blow up your account, plain and simple.

[AmoreJaz]

Gambling has alot of disadvantages because the process of gambling entails that you use money in placing in an uncertain future which is associated with great risks of losing money which could affect the financial life of an individual so gambling is associated with alot of disadvantages.

Responsible gambling practices should be the watch word of anyone gambling because gambling without controls will leads to addiction which is very hard for an individual to come out from when a person gets to that stage of addiction and this will make an individual to to save money and can lead to alot of problems in the family if the gambler is a family man

Gambling will always be gambling and we all know what comes with it if we will explore the world of it. It is no surprise that you can lose money in this activity and you can easily get addicted as well if you won't contain yourself in front of this activity. The pros and cons of gambling has long been known in this community and so we all know the fact that if you don't know how to handle your emotions, you can easily go down to the brink of losing all your money. That's the challenge for most gamblers. How can you contain yourself when you are already in front of your games?