ALL YOUR WINNINGS GO BACK TO THE GAME?

[Perfectbaby]

Most times before one will end up winning that amount you made mentioned they could have ended up losing that in folds before even winning like 40 percent of what they had already lost..
To me gambling is a very tricky game which one must be very careful while gambling so that they wouldn't be carried away while gambling because, these site sometimes do give people a short winning which could serves as a trap to the gambler to fully devotes their time to gamble, so while gambling you should be that sensible enough to know that whatever winning you have should be that okay for you without even having that feeling of chasing more loses.

[Asuspawer09]

I mean that is true and most of the gambling stories are just like that, even on movies this is how gambling is going to portray, most of the time you are going to a momentum of winnings and you just feel like you are unstoppable and your going to keep on winning if you are going to just stake everything on your bet, the higher the bet the faster your going to grow your money right? But that wasn't always the case because most of the time, that is where greediness kicks in and we forget discipline and not letting our emotions take over, because if we play by emotion, you just want to take back your money if you lose, ending up losing more.

I think whats important is you plan your games or gambling well, like for example, you just have a designated budget for your gambling, if you lose that money, that you will just take it as a loss, knowing when to stop is just the best thing because if you know it, then thats the time where you could earn money on gambling. I personally only plan if I have a great mind and think that I'm going to win, but even if I lose, I would take it as a loss because I know that there will be winners and losers it's like a PvP in gambling.

[rachael9385]

In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.
I will tell you for free that those who face such are those with no financial risk plans at all, those that that do that are either too greedy or desperate to make it after seeing a big win once therefore make themselves hungry for more which in turn exposed them too big risk of loosing more than they gain from gambling

Ways to avoid this things from happening
1_ know when to stop
2_ put a daily stake stop on your games
3_ read alot of books (financial books)
4_ don't stake when you not stable mentally

I think if you can follow up with this steps you will definitely see how your gambling life will turn around your real life positively.

I also don't agree with it totally because for this to happen it all depends on the gamblers, not everyone makes profit and losses them back into gambling, if people can do the four things you mentioned then it's going to be impossible for them to go through such. The best thing to do even if yoi intend to gamble with your profits, make sure you don't use more than 20 percent as your stake

[Mindyspace]

I usually gamble on slots just for fun. But I always try to come out with about a five percent profit, which is quite a lot for me. When I win more than that, I withdraw it right away, so I can keep playing without worry. And I do the same when I start losing. If I realize things aren't going well, I try to control myself as quickly as possible to avoid bigger losses. This self-control is essential for me.

[Judith87403]

I usually gamble on slots just for fun. But I always try to come out with about a five percent profit, which is quite a lot for me. When I win more than that, I withdraw it right away, so I can keep playing without worry. And I do the same when I start losing. If I realize things aren't going well, I try to control myself as quickly as possible to avoid bigger losses. This self-control is essential for me.

Indeed, self control is not only essential to you but to every gambler, because that’s exactly what ensures that you won’t drift off course but stay in the right path when gambling. A gambler who lacks discipline and self control would always end up making one mistake or the other that’ll most likely cost them not just money but also time, because like we already know, time is just as valuable as the money we spend in gambling, which is why it’s important to always moderate how much of these we spend on gambling.

[alegotardo]

I think if you can follow up with this steps you will definitely see how your gambling life will turn around your real life positively.

I understand what you mean... that is the type of person who increase their stake on a whim and spend every extra win asmoney to burn.
But I would like to propose another way to use the winnings, even without withdrawing them every time you have a win....

I almost never withdraw, but that does not mean that everything I win goes back into the game in a bad way. I see betting as entertainment, so I always spend a pre defined amount of money on it every month, but when I make a profit, instead of depositing money the following month, I deposit the same money minus what I won in the current month. Do you understand? I use my positive balance to spend less the following month.
Unless I win a very significant amount that could change my life or help me fulfill a dream (something that has never happened), then I could consider withdrawing my winnings.

[Jawhead999]

Realistically, if someone read a lot of financial books, they wouldn't gamble in the first place because there are many messages about delay gratification and avoid to use money that have no chance to grow. Gambling isn't only forbidden/discouraged due to religion, but you can also find it in finance.

It's true the gambler who won $1M wouldn't automatically lost $2M in the future, if they won $1M and they quit gambling forever, they won't lose anything.

However, people who won $1M, might had spent more than $1M.

[maydna]

You will not lose much if you can control yourself and know when to stop. But many gamblers are tempted to continue gambling because they want to win more. That is not right because you may lose more than you can expect. If you realize that it is enough to playing gambling especially if you win, you will stop immediately without taking too long. You don't want to keep losing and let the winning money slip away by withdrawing it. You will not let the sadness come to you because of losing the chance to win money. You know that winning in gambling is rare so when you win, you will grateful and stop gambling. You can control yourself by leaving gambling.

[Darker45]

I think I'm generally in agreement that your gambling winnings are actually going back to the game, that is, if you're actually winning overall. Most likely, you're only winning today, but your overall gambling experience has you losing more than winning. Not to mention that much of your prize whenever you win normally goes to free food and drinks to your buddies.

Knowing when to stop isn't a valid defense against your money going back to gambling because would you stop for good? Also, you don't have to read books to know you're being drained of funds because of gambling. You actually don't have to read a book to realize you have control over your vice.

[Hardyrobust]

In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.
I will tell you for free that those who face such are those with no financial risk plans at all, those that that do that are either too greedy or desperate to make it after seeing a big win once therefore make themselves hungry for more which in turn exposed them too big risk of loosing more than they gain from gambling

Ways to avoid this things from happening
1_ know when to stop
2_ put a daily stake stop on your games
3_ read alot of books (financial books)
4_ don't stake when you not stable mentally

I think if you can follow up with this steps you will definitely see how your gambling life will turn around your real life positively.

what they are saying is true because majority of gamblers after winning a huge amount of money do often go back to square one. There will be this feeling of wanting to win more and the thinking that the money won is a kind of free money they will want to put more or all into gambling. The only thing that will help a gambler to be able to overcome the feelings of wanting to stake more after a huge win itself control, with self control a gambler should know when to stop or to gamble with only the amount they know they can lose without it affecting them negatively.

[davis196]

1_ know when to stop
2_ put a daily stake stop on your games
3_ read alot of books (financial books)
4_ don't stake when you not stable mentally

1.This is easier said than done. Many gamblers have tried to stop, but failed.
2.Read the first sentence.
3.Do you really think that reading books about finance would help in gambling? Finance and gambling are two different fields. Gamblers, that are financially educated can still lose a lot of money at the casino and still get addicted.
4.Mentally unstable people should never gamble, but again, this is easier said than done. Unfortunately, no casino/sports betting platform in the world requires a "mental stability test" for their gamblers as a part of the KYC procedure. That would be a really nice idea, but I can't measure the effectiveness of such tests.

[Kelward]

Typically if you win and continue to gamble over time there is higher chances that you will lose it back to the casino because of the house edge, they need to be on top to sustain their businesses. It depends on your motive for gambling, if it's to become rich through it and you're not winning regularly it'll become a none profitable venture. But if you're gambling to enjoy yourself not necessarily to get rich from it you won't mind if you lose because you gamble with small amounts. What is important at every point when you want to gamble is to always do so responsibly, don't chase loses and know when to stop.

[Crypt0Gore]

In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.
I will tell you for free that those who face such are those with no financial risk plans at all, those that that do that are either too greedy or desperate to make it after seeing a big win once therefore make themselves hungry for more which in turn exposed them too big risk of loosing more than they gain from gambling

Ways to avoid this things from happening
1_ know when to stop
2_ put a daily stake stop on your games
3_ read alot of books (financial books)
4_ don't stake when you not stable mentally

I think if you can follow up with this steps you will definitely see how your gambling life will turn around your real life positively.

I don't know where you heard this from but it is not a complete lie, this is what those crazy gamblers who likes risking alot gets later in their journey of greed, they believe that risking high amount means better luck and on the long run if they finally get lucky and win some high amount of money it won't be enough to cover the whole past expenses.

I agree with you that it is not about risking a lot of money, people can spend so less amount on gambling and come back home with a fortune, there are many lucky stories like that online. If you can push aside desperation from gambling you will be in safe hands.

Cutting all costs to the minimal as a gambler is the best manner of approaching gambling.

[Fivestar4everMVP]

In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.
I will tell you for free that those who face such are those with no financial risk plans at all, those that that do that are either too greedy or desperate to make it after seeing a big win once therefore make themselves hungry for more which in turn exposed them too big risk of loosing more than they gain from gambling

Ways to avoid this things from happening
1_ know when to stop
2_ put a daily stake stop on your games
3_ read alot of books (financial books)
4_ don't stake when you not stable mentally

I think if you can follow up with this steps you will definitely see how your gambling life will turn around your real life positively.

Well, everything you have said if true, but then, it is actually possible for a person to win $100 from gambling and end up losing $200 or $300, but on the other hand, it's possible to win $100 and make judicious use of this money where you end up having a big business from that $100, it all boils down to mindset and planning..

I personally know of a person who luckily won over $100k from gambling,, this is very huge amount of money when converted to my country's fiat currency, this dude after cashing out the money to his bank account had to quit gambling completely because he was afraid he would be tempted to spend so much in a bid to win more, I sat down and planned himself well, he used this money to invest in real estate, he bought lands, opened a super market for his wife, and then traveled out of the country with his first daughter who is now schooling abroad while he is working there as well..
Till today, that guy is one of my role models because I really love how he managed that money, he's a big man today doing very well for himself because he didn't useless the opportunity of winning such an amount of money from gambling..

[junder]

In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.
I will tell you for free that those who face such are those with no financial risk plans at all, those that that do that are either too greedy or desperate to make it after seeing a big win once therefore make themselves hungry for more which in turn exposed them too big risk of loosing more than they gain from gambling

Ways to avoid this things from happening
1_ know when to stop
2_ put a daily stake stop on your games
3_ read alot of books (financial books)
4_ don't stake when you not stable mentally

I think if you can follow up with this steps you will definitely see how your gambling life will turn around your real life positively.

This adage makes sense in gambling, as we all experience more losses than wins. This is similar to what a friend of mine experienced. He compared his series of losses to saving money, thinking the casino would return the winnings to the players, but in an inaccurate amount. It's ridiculous, but it also makes sense, as I've had big wins, but even then, they didn't cover all my losses.
And with these four points, they are the points to consider when gambling, with the aim of avoiding the risk of greater losses.

[MAAManda]

What people in your community say is true, therefore, don't make gambling a place to seek financial gain only, use it as a place to seek entertainment. If you don't believe me, you can open the statement on the gambling platform where you play, I can say 100% that you lost overall. Sometimes we get good results (win) & sometimes we don't (lose), but generally, we lose.

[Rufsilf]

In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.

I tend to disagree with you as well because that is what really happened. Most winners often lose after winning. And due to their behavioral changes, they turn poor again despite the huge amount of money they won.

And I'm going to tell you that many people talk like that. Maybe everyone does, but when they win, it changes everything. The message is—it was easy to say but difficult to implement. Why? Because we are driven by our greed and emotions.

And there is one thing we also know: that we lose thousands or even millions before we win thousands or millions.

[Taskford]

What people in your community say is true, therefore, don't make gambling a place to seek financial gain only, use it as a place to seek entertainment. If you don't believe me, you can open the statement on the gambling platform where you play, I can say 100% that you lost overall. Sometimes we get good results (win) & sometimes we don't (lose), but generally, we lose.

If they seek consistent financial gain on gambling for sure that all of their winnings will just go back on gambling because their urge to win more would come up that's why they force to bet more.

But if they have that intention to play only for fun, well I guess they won't get much affected on possible huge losses since most of people have this mindset can control their losing and winning, also including the money they spent on gambling.

Gamblers just need to enjoy and don't chase those almost impossible to happen.

[Zlantann]

I think if you can follow up with this steps you will definitely see how your gambling life will turn around your real life positively.

The popular saying you said is reasonable since gamblers will always want to chase more wins. Some are too greedy they want more after a good win. Being content with a win could be a good measure to maximise your win. Greed contributes to moat big losses, which means we should appreciate small wins.

Having a gambling budget that should be followed by all means might also help.  Winning should not be a reason to increase your bets. There are many other things that can be done with money besides gambling.

[summonerrk]

Ways to avoid this things from happening
1_ know when to stop
2_ put a daily stake stop on your games
3_ read alot of books (financial books)
4_ don't stake when you not stable mentally

I think if you can follow up with this steps you will definitely see how your gambling life will turn around your real life positively.

Books on finance won't help you maintain control in the world of gambling. They only teach you how to budget properly and how money can be a source of income, just like renting out an apartment to others. They're full of clever ideas that are even outdated, but they lack the important psychological aspects that gamblers and bettors need to understand their nature and motivate them to continue gambling.