Don't Gamble when you are Broke

[ethex]

if you broke gambling no really point, gamble only if you can afford. Winning in short time is fake and scam.

[Fortify]

Most times people gamble when they are broke thinking and believing that they will make money but ends up losing even the remaining small money that is in their hand , gambling when you are broke is one of the worst things that anyone can do because when anyone is broke there are alot of things that are going on in the mind of such a person and for gambler's the huge to gambling will come on propelling then to gamble that they will bounce back, this is what many gambler's has experienced so we should try as much as possible not to gamble while we are broke as it will lead to more worries and regrets

When you have little money then gambling can become a dangerous place to spend it. You should only really be gambling when you are in a comfortable financial position because you'll approach it more as a fun pursuit instead of an actual way to make money. If you don't have much, you should maybe limit yourself to playing the lottery once or twice a week, as that has low odds but high pay off. Desperation can definitely compound - if you have very little, you might already be feeling sad and inevitably losing whatever small amount you had can lead to a spirally mental health situation. Better to stay away from the casinos altogether until you have room for fun money in your budget.

[EarnOnVictor]

Most times people gamble when they are broke thinking and believing that they will make money but ends up losing even the remaining small money that is in their hand , gambling when you are broke is one of the worst things that anyone can do because when anyone is broke there are alot of things that are going on in the mind of such a person and for gambler's the huge to gambling will come on propelling then to gamble that they will bounce back, this is what many gambler's has experienced so we should try as much as possible not to gamble while we are broke as it will lead to more worries and regrets

You don't even need to worry yourself by saying much, no one who is gambling when broke is obeying the golden rule of gambling, which states that "Don't gamble with the money you can't afford to lose." Can the person afford to lose any money in that financial condition? Not at all. This is why you don't gamble in such a condition if you are wise. This is practical!

[Dr.Bitcoin_Strange]

Gambling does not separate the rich from the poor. It is just that the rich person might have a bigger bankroll than a poor person. However being broke applies to both groups and that is the wrong time to gamble.

You're right. And this often makes some people feel or think that the rich is more advantageous than the poor, simply because they've got a bigger bankroll than the poor. But in reality, this is actually quite the opposite, inasmuch as they both have different financial situations, this still implies that the poor has less to lose than the rich and if if things goes wrong and their bankroll is swept clean, I'm pretty sure the rich would feel much more regret than the poor, because they've lost more.

You know where I feel this is different, a rich man could have his revenue capped at $6k per month, and if he decides to spend $2k in gambling and lost it, he has hope of still getting $6k revenue the following month, but does the poor have same asset that generates such revenue for them? In terms of being lucky in gambling, it's same for the rich and the poor but when it come to capital and profit, if the rich man stake with huge amount and win the bet, the profit it large compare to the small amount the poor person used in staking. Although when loss strikes, the rich lose higher than the poor because they staked with huge amount. Those are just the difference.

[Tungbulu]

You know where I feel this is different, a rich man could have his revenue capped at $6k per month, and if he decides to spend $2k in gambling and lost it, he has hope of still getting $6k revenue the following month, but does the poor have same asset that generates such revenue for them? In terms of being lucky in gambling, it's same for the rich and the poor but when it come to capital and profit, if the rich man stake with huge amount and win the bet, the profit it large compare to the small amount the poor person used in staking. Although when loss strikes, the rich lose higher than the poor because they staked with huge amount. Those are just the difference.

You're not wrong at all. But do you know there are also rich people who go as far as taking up loans worth their several months of revenue, with high hopes of making some massive profits and then repay the loan acquired. This is actually the perspective I'm looking at things, and like we already know, when it comes to acquiring loans, the rich is actually more privileged and entitled to acquiring a larger amount of money as loan. So imagine this hypothetical scenario where this occurs, and they actually lose the bet, even if they'll be able to recover the money in a few weeks or months, they'd still feel the impact more than when such a scenario occurs to a poor gambler.

[Asiska02]

Most times people gamble when they are broke thinking and believing that they will make money but ends up losing even the remaining small money that is in their hand , gambling when you are broke is one of the worst things that anyone can do because when anyone is broke there are alot of things that are going on in the mind of such a person and for gambler's the huge to gambling will come on propelling then to gamble that they will bounce back, this is what many gambler's has experienced so we should try as much as possible not to gamble while we are broke as it will lead to more worries and regrets

Gambling have been seen by many as a fast way out of poverty and that is why people come to it with the main purpose of making money from it quickly, not minding the many odds that comes with it. Since it is a game of luck, they don’t mind the risk involved and hope that when they give it a trial, the luck will find them and they will win big in the bet. Unfortunately, many people are misunderstanding gambling as a fun game to what it is normally been used for, for money making.

Even if the gambling industry won’t be saturated if it was not money incentivized, we should limit how we gamble and spend money carelessly because it involves win and losses which can be managed using proper risk management. While broke and gambling, it’s easy to turn your emotions into believing in wanting to make some big risks because it can make you more money rather than risking small. Emotions is in control in that instant and gambling should be avoided when one gets to that stage.

[DaNNy001]

Yes, it's the same as you making gambling a solution to overcome financial problems while from the start it is clear that there is no guarantee and certainty that gambling will always be able to give us profit at the end of the game, meaning that defeat will always be a possibility involved at the end of the game and another fact is that from the start gambling was created by bookies to seek profit from gamblers who lose, so how can we possibly seek victory to overcome financial problems while from the start the bookies make you gamblers as targets to be defeated so that they can get profit according to what they have planned from the start, and that is the reason why many of us suggest only making gambling a place to seek pleasure or entertainment.

All you said it correct, but unfortunately, most or many gamblers do not understand this and it's the reason why we still see people who tag themselves as professional gamblers, one begins to wonder how is it possible they are making money from gambling to take it up as a profession..

I understand that when it comes to sports betting, some people are so knowledgeable in it that they can't bet 5 games without winning one or two, many this are the type of gamblers who refer to their self as professionals, but then, one thing I've come to believe is that all gambler lose at the end, maybe not all actually but most, most gamblers lose, and this is how casinos are designed.

Even in sports betting no one is considered to be a professional no matter how skilled and knowledgeable you think you might be.. many of them that call themselves such are making money off other people... there are several punters online that have channels that people subscribe to get games and most of the time these games ends up as loss, this is how most of them make their money.

[Sonia_123]

Most times people gamble when they are broke thinking and believing that they will make money but ends up losing even the remaining small money that is in their hand , gambling when you are broke is one of the worst things that anyone can do because when anyone is broke there are alot of things that are going on in the mind of such a person and for gambler's the huge to gambling will come on propelling then to gamble that they will bounce back, this is what many gambler's has experienced so we should try as much as possible not to gamble while we are broke as it will lead to more worries and regrets

Gambling when you are broke causes a lot of stress physically, mentally and emotionally because you will not be stable all your taught is that you must win and that will make you end up chasing your losses,which is not good at all, and for the fact that you went all way to borrow these money will make you so restless, and all your focus will be to win, if a gambler is broke then he should avoid borrowing to place a bet since he knows he his not going to win instantly, as a gambler, we should learn how to gamble with the amount of money we can afford to lose and not the one that you can't lose so that you don't get addicted.

[Baki202]

if you broke gambling no really point, gamble only if you can afford. Winning in short time is fake and scam.

And the reason I will say broke people are gambling is because they want to try out their luck, and it is when you are desperate to win that you will find it very difficult to win, and the best thing is to allow gambling when you are broke because you might just worsen the whole situation for yourself. because the mistake a lot of people make is to believe in their own instincts, which would and gambling is not a place that you will think you will come, and the next thing you start making money gambling does not work that way. There are times, and you have to have faith in luck rather than yourself.

[bangjoe]

if you broke gambling no really point, gamble only if you can afford. Winning in short time is fake and scam.

And the reason I will say broke people are gambling is because they want to try out their luck, and it is when you are desperate to win that you will find it very difficult to win, and the best thing is to allow gambling when you are broke because you might just worsen the whole situation for yourself. because the mistake a lot of people make is to believe in their own instincts, which would and gambling is not a place that you will think you will come, and the next thing you start making money gambling does not work that way. There are times, and you have to have faith in luck rather than yourself.

There is nothing wrong with trying your luck in gambling when we are bankrupt or experiencing financial problems, who knows we can get lucky that can save us for a while. And even if we lose, who knows by gambling, the stress we experience due to financial problems can be slightly reduced.

However, it should be remembered that the gambling you do is just to try your luck, or just for fun, not really intending to seek profit from gambling and hoping that through gambling your financial condition can change for the better, or become suddenly rich. Because if your intention is like that, this will not only make you fall into quite complicated financial problems, but what you do can make you feel even more stressed and even depressed.

[l3pox]

if you broke gambling no really point, gamble only if you can afford. Winning in short time is fake and scam.

winning a lot in short time is possible but not common (take lottery winners as an example)
and in the end of the day winning too much too fast is probably not good for the head either, it can ruin some people if they don't have the structure for it
I don't know
taking it easy looks like one of the best options

[Hispo]

if you broke gambling no really point, gamble only if you can afford. Winning in short time is fake and scam.

I assume with the last part of your statement you are talking about schemes or ways for people who are going through economical difficulties to get money fast and with a minimum of risk. In that case I cannot do nothing but agree with you.

Actually, I have have seen literal thousands of people trying to get rich fast through engaging on ponzi schemes, ignoring the fact it is just matter of time before their money is gone, specially if they are one of the latest investors in the scheme.

If one is broke, the best approach one can have to such a situation is to only avoid gambling, avoid schemes which are too good to be true and dedicate our time and energy to work and invest in actual assets, like Bitcoin or stocks.

[Smartvirus]

if you broke gambling no really point, gamble only if you can afford. Winning in short time is fake and scam.

In my country, the case is different. You find most of those broke guys and low income earners everywhere you find the gambling shops. You would be annoyed at them and some of them even, they don’t even get to go home when they should. Reason been that, there is nothing waiting back home at them and so, they are constantly on gambling screens seeking for their financial break through and most times, they just end up more broke than they came. Gambians where you go seeking for money if you don’t own the business.

[Orpichukwu]

Gambling is a luck based activity and I don't think that anyone can be a professional in it because even a seer can't predict the out of a match correctly in the long run. If they say that they're professional gamblers as they claimed, why haven't they made a fortune with gambling but still looking for people to pay for booking codes. My luck shines better than theirs

Betting is just an unpredictable event, which, no matter the amount of data that you have in front of you, you can't predict the outcome of a game completely. The majority of players can try all they can, but their chance of winning is always not based on their strength but based on luck, or let me say it's a combination of both luck and skill. Winning is not just all about knowing how to predict the game.

[Shinpako09]

if you broke gambling no really point, gamble only if you can afford. Winning in short time is fake and scam.

It’s not fake or a scam, that’s just how gambling works, and gamblers know it. They know the house always wins, but when they win consecutively, greed takes over. Even if they understand how gambling works, they stop thinking rationally the way they did before they started playing. So, if you’re broke, don’t rely on gambling to lift you out of poverty; it might just pull you into an even deeper hole. Sure, there’s a chance of winning big or becoming rich, but the chance of lossing is way higher. Still, many take the risk for that little chance, thinking the risk is worth it at the end.

[summonerrk]

You should never gamble or bet if your state is not complete mental balance. I understand that this is trivial, but unfortunately our human psychology works in such a way that we want to quickly fix a bad situation by any means.
We hate stress and want to get out of it so quickly that it turns off our logic. As a simple example, I will give the fact that some gamblers, when they see that their deposit in the casino is decreasing, immediately begin to increase the beta value.
But is this the right tactic? Hardly.

[Fivestar4everMVP]

You should never gamble or bet if your state is not complete mental balance. I understand that this is trivial, but unfortunately our human psychology works in such a way that we want to quickly fix a bad situation by any means.
We hate stress and want to get out of it so quickly that it turns off our logic. As a simple example, I will give the fact that some gamblers, when they see that their deposit in the casino is decreasing, immediately begin to increase the beta value.
But is this the right tactic? Hardly.

Well, for some, it does work, that is increasing their bet value so that their next win can help cover for the loses they can sustained or encountered in the last couple of bets, for some gamblers, this strategy works because they are lucky, gambling is all about who is lucky and who isn't, its not all about what we do or how we choose to do things..

For example, there is absolutely no guarantee either that if you do not increase your bet value, you won't still end up losing your balance, you will still lose your balance if luck isn't on your side, even if you reduce your bet value to enable you play for longer, balance will still turn zero when luck is absent.

[coyhasmon]

You should never gamble or bet if your state is not complete mental balance. I understand that this is trivial, but unfortunately our human psychology works in such a way that we want to quickly fix a bad situation by any means.
We hate stress and want to get out of it so quickly that it turns off our logic. As a simple example, I will give the fact that some gamblers, when they see that their deposit in the casino is decreasing, immediately begin to increase the beta value.
But is this the right tactic? Hardly.

Well, for some, it does work, that is increasing their bet value so that their next win can help cover for the loses they can sustained or encountered in the last couple of bets, for some gamblers, this strategy works because they are lucky, gambling is all about who is lucky and who isn't, its not all about what we do or how we choose to do things..

For example, there is absolutely no guarantee either that if you do not increase your bet value, you won't still end up losing your balance, you will still lose your balance if luck isn't on your side, even if you reduce your bet value to enable you play for longer, balance will still turn zero when luck is absent.

I would not call that a strategy, I would call that a sure path towards greater losses. It may work out sometimes if you are very lucky, but that will push you to repeat this method again and again and eventually it will burn you hard. At that point, you will never recover your full losses and have just created even bigger losses than the ones at the beginning.

In my country, the case is different. You find most of those broke guys and low income earners everywhere you find the gambling shops. You would be annoyed at them and some of them even, they don’t even get to go home when they should. Reason been that, there is nothing waiting back home at them and so, they are constantly on gambling screens seeking for their financial break through and most times, they just end up more broke than they came. Gambians where you go seeking for money if you don’t own the business.

Yes, well often poverty is related to low education, bad thinking skills and little resistance to urges. They can't help themselves.

[radjie]

Most times people gamble when they are broke thinking and believing that they will make money but ends up losing even the remaining small money that is in their hand , gambling when you are broke is one of the worst things that anyone can do because when anyone is broke there are alot of things that are going on in the mind of such a person and for gambler's the huge to gambling will come on propelling then to gamble that they will bounce back, this is what many gambler's has experienced so we should try as much as possible not to gamble while we are broke as it will lead to more worries and regrets

There is even worse about the habits of gamblers who force themselves to gamble when bankrupt by seeking loans, they think too short-sightedly, hoping to make money quickly from gambling. However, this will only worsen the situation, besides the risk of losing, of course, they have to replace the money they borrowed to gamble.

[danherbias07]

Even in sports betting no one is considered to be a professional no matter how skilled and knowledgeable you think you might be.. many of them that call themselves such are making money off other people... there are several punters online that have channels that people subscribe to get games and most of the time these games ends up as loss, this is how most of them make their money.

That's true. I believe there's really no professional when it comes to sports betting because the results cannot be predicted 100 percent. Even with a deep analysis and research, the chances of losing will always be there.
That's why they put odds and spreads. They give a chance to those who think they can predict the game with the added spread, and that's what we can take advantage of.

Anyway, there are still people who believe they are good at what they are doing in gambling, and even if they are broke, they will force that bet, thinking they can win back what they lost.