ALL YOUR WINNINGS GO BACK TO THE GAME?

[nelson4lov]

This gives me similar vibes like trading. Over there, the focus is often capital preservation until you see an opportunity and then you can size in big with conviction. I personally adopt a strategy where I take out a specific amount of winnings and deposit into a long term storage of some sorts because I've come to an agreement within myself that in gambling, I can always go back to zero (0) and if I do, I want to ensure that I still have a fighting chance to start over or try again.

[Asiska02]

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.

Do you really need to go back to gamble again after you’ve won big in it, I think that’s what one should ask themselves firstly before a big jackpot win will come for them. One should know that gambling is a game of luck and when you go back there after a big win, there is no guarantee that you’re going to win big like before, you may even face the worst loss of your life if you gamble more above your means.

Gambling is a strategic and mind game, and the more you win, the more you’ll think you’ll win more which in real sense it’s not suppose to be so. You’ve out listed good points but if you’ve won that big and you’re still going back to risk again, then you may not find those points working for you and you’ll give back your wins to the market. Nothing is more painful than that, it’s better to avoid it if you can earlier.

[rachael9385]

I've been telling people in my country who bet on sports that the only way to truly beat the bookies is to stop gambling forever when they win a lot of money. Because if someone wins a lot of money and continues gambling, they'll still be at high risk of losing, and in the long run, they could end up with losses.

Of course, you should always bet with small amounts of money and money you can afford to lose. Another piece of advice I've given is that people should have many other things to do in the real world to enjoy themselves; this will reduce their time spent gambling.

Unfortunately a lot of people can't avoid gambling forever but truly that is the only way to win. Asides from winning a huge amount of money the only way to win is indeed to stop gambling totally, you are going to stop losing money carelessly and you'd live a better life without worrying about being addicted to gambling or how to chase or recover losses. Consistent gamblers will always lose

[MRY]

I've been telling people in my country who bet on sports that the only way to truly beat the bookies is to stop gambling forever when they win a lot of money. Because if someone wins a lot of money and continues gambling, they'll still be at high risk of losing, and in the long run, they could end up with losses.

Of course, you should always bet with small amounts of money and money you can afford to lose. Another piece of advice I've given is that people should have many other things to do in the real world to enjoy themselves; this will reduce their time spent gambling.

Unfortunately a lot of people can't avoid gambling forever but truly that is the only way to win. Asides from winning a huge amount of money the only way to win is indeed to stop gambling totally, you are going to stop losing money carelessly and you'd live a better life without worrying about being addicted to gambling or how to chase or recover losses. Consistent gamblers will always lose

The reason why we believe that quitting entirely is the safest step to take is because gambling is always in the favour of the house and at this stage, we can observe that the more time one indulges in the game, the more likely that he or she will lose control. We will overcome a cycle of losses that is usually hard to escape by dropping the habit. This is also the opportunity to lead a less troubled life since we do not feel the need to pursue unstable outcomes any more. It is such an attitude that makes the possibility of improvement far more actual to anyone.

[Wiwo]

I've been telling people in my country who bet on sports that the only way to truly beat the bookies is to stop gambling forever when they win a lot of money. Because if someone wins a lot of money and continues gambling, they'll still be at high risk of losing, and in the long run, they could end up with losses.

Of course, you should always bet with small amounts of money and money you can afford to lose. Another piece of advice I've given is that people should have many other things to do in the real world to enjoy themselves; this will reduce their time spent gambling.

Unfortunately a lot of people can't avoid gambling forever but truly that is the only way to win. Asides from winning a huge amount of money the only way to win is indeed to stop gambling totally, you are going to stop losing money carelessly and you'd live a better life without worrying about being addicted to gambling or how to chase or recover losses. Consistent gamblers will always lose

Most gamblers majority of us will keep gambling regardless of how much we may have won or lose in the process,  the reason why gambling is so addicting is for the fact that, most times, we cant really quite and that because gambling is already a part of our everyday entertainment,  but then we should always advocates for limits control, that waybwe put everything under check while gambling.

Taking a break is there, but it should be based on your lay down plans and programs before you start gambling and when you already won or based on your gambling results to determine when you quiting or keep playing.

[DaNNy001]

Knowing when to stop can be one of the things that can save you from this...chasing more profits after winning is one of the reasons why a lot.of people end up throwing back their wins into gambling, this is majorly caused by greed, when you aren't satisfied with the little amount that you get from gambling you might be pushed to gamble more, without self control you would always continue to lose

[fullfitlarry]

3_ read alot of books (financial books)

I do not like reading books but I like to read online what can be very beneficial for me like knowing about risk management which is not long to read at all.

I have my budget for gambling and I am not exceeding it. If the money I have on my gambling account has been used finished, I will definitely stop gambling immediately. No other thing that I need to know about gambling in term of financial books.

Yes, I don't think that it might help gamblers reading financial books.

For me it's the best to go and get that experience in the first place and not in theory. And then we repeat what everyone knows already, its boils down to our self-control on how we treat gambling on daily basis or it is just for fun and entertainment purpose only.

It should not be treated as something like a daily job that will get us to make money on daily basis.

[ImGenius]

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.

Betting is not always possible to follow the rules that you have asked. Betting means taking risks and those who worry about these conditions will not be able to bet anyway. Those who do not worry about these things, whether they win or lose, have made betting a pleasure and they cannot live without betting. If you bet according to your budget, it will never be a matter of concern. However, if a gambler follows your steps, then it will be of some benefit.

[Mpamaegbu]

Ways to avoid this things from happening
1_ know when to stop
2_ put a daily stake stop on your games

Nothing can be further from the truth on those two. Sadly, not many can obey that because it has to do with emotions. Anyone who hasn't had a firm grip on their emotions will certainly not see anything right with those two.

3_ read alot of books (financial books)

Reading lots of books is merely theory and cosmetics. It's not practical except it's applied to reality. If reading books automatically translates to achievements, academic professors would be the wealthiest because they're widely read. It's the same thing when people have information they don't apply, it doesn't automatically become power as they say, "information is power". No, it's not until it's put to practice.

4_ don't stake when you not stable mentally

Very apt. I made a comment a few days ago concerning that too. Whether in excitement or anxiety, both aren't nice in making gambling decisions.

[mak013]

Ways to avoid this things from happening
1_ know when to stop

Good idea. May be you can give more specific advice? How to decide when it is the right moment to stop?

2_ put a daily stake stop on your games

Ok. It is good advice for gambling.

3_ read alot of books (financial books)

Good idea. The first advice you get from the financial books - avoid the gambling. It would be interesting how you will gamble with such advice?

4_ don't stake when you not stable mentally

I will avoid gambling expences. I would pay psychologist. I don`t sure that i wll save more money in such way.

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.

If i follow such advices, i can avoid gambling. That`s all.

[ZeroVinsonN]

Ultimately there is someone who loses more than they win in gambling, this fact is undeniable so best to just accept it, but this will also introduce the idea that there are people who win more than they lose so now it depends on which of the two you belong to, we all want to be among the people losing less and winning more but then our luck and our skills in sports gambling plays a huge role on where we eventually fall into.

[jcojci]

The number one is what we should always remember. Without knowing when to stop, we may spend much and that can lead us losing much. We can't expect how much money we can spend. We just keep playing considering that we may win in the next rounds.

Limitations are something that you should use to know when to stop gambling. Limitations also help you to minimize the loss from becoming big. Use limitations prevent you from the big loss.

[Anayochukwu]

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.

The truth is that we should always remember to take a break and stop at the right time. Because that is where the losing normally start from, when a gambler chase for more winnings there's a big possibility that everything would go back to the casino which is why we don't need to be greedy because it's only when you don't know when to stop that you would ended up in losses. Gambling is game of luck, which is why we don't need to go with big amount because many gamblers chase after losses due to using what they can not afford to lose.

[bubilas]

Moreover, the most powerful weapon of the casino – the boasting of other players – works perfectly.  As soon as one gambler wants to stop, he remembers how another gambler got lucky, and this first gambler thinks, "Maybe I'll get lucky on the next bet? And I was just about to stop," and I'm sure that after that many gamblers continued to play, forgetting their own promise to themselves to stop. That's just how our nature is; we always want to believe in the best and not stop. Although this only masks our greed.

[Hispo]

...

3_ read alot of books (financial books)

Financial books do.not have anything to do with gambling (from the perspective of someone who is a gambler). It would be more useful to read books about laws of chances and probability, son the gambler has some idea on how those casino games actually function and the actual chances he has to win big on slots, Dices, and plinko.
Financial books are intended for people who are not interested in gambling at all, and would like to focus on safe investments and hunt for passive income.

There are also books about casinos and gambling, but if anyone of those describe how to defeat the house, they are likely shady, as house edge cannot be defeated consistently.

[Dr.Bitcoin_Strange]

You don't have to disagree with that statement; if you check very well, before some will win that amount of money from gambling, they might have spent much more than that before even winning that amount they consider to be big, and if they are just starting to gamble and hit that big winning, over time, before they realize it, they will have spent that amount and even more. In the long run, the majority of bettors are not winning more than what they have lost.

You are right, either ways, a gambler wins big must have lost more than the amount they won but if they have not lost up to the amount that was won, as long as they continue gambling, they will lose up to that amount that they won unless if they permanently stop gambling as they have won a jackpot. The fact that some persons thinks that they can beat the casino is a problem because such mindset keeps trapping them down to gamble with big amount that will be lost, so at the end, all the money they have won still goes back to the casino.

[Donk1]

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

Op you are right ,It's easy to say that this are things that often happens to most gamblers who nolonger sees betting as a game, they now see it as a short term win or lose daily payment which means they are very much serious about theirs games when it comes to betting.  And with that kind of mindset you will be chasing after losses because there is no fun only determination to keep playing no matter the cause. what is really more painful is that most gambler that do such bearly see money to eat a day unfortunately they might be playing out of survival. that's just it.......

[xenomorfo]

This gives me similar vibes like trading. Over there, the focus is often capital preservation until you see an opportunity and then you can size in big with conviction. I personally adopt a strategy where I take out a specific amount of winnings and deposit into a long term storage of some sorts because I've come to an agreement within myself that in gambling, I can always go back to zero (0) and if I do, I want to ensure that I still have a fighting chance to start over or try again.

ah this is interesting, you see in this fantastic forum there is always something to learn
so how do you do it?
let me understand
Do you withdraw a specific amount, i.e., if you win, you get half of your winnings?
But if you start losing money, how do you get it back? i don't understand the strategy.

[ozgr]

People who don’t have financial knowledge and can’t manage their money usually lose more when they gamble.
I’ve noticed that people who are successful in the stock market tend to do well in gambling too.
Whenever I deposit money into a casino, I always keep notes about how much I plan to cash out and all my losses.

[Viscore]

Financial books do.not have anything to do with gambling (from the perspective of someone who is a gambler). It would be more useful to read books about laws of chances and probability, son the gambler has some idea on how those casino games actually function and the actual chances he has to win big on slots, Dices, and plinko.
Financial books are intended for people who are not interested in gambling at all, and would like to focus on safe investments and hunt for passive income.

There are also books about casinos and gambling, but if anyone of those describe how to defeat the house, they are likely shady, as house edge cannot be defeated consistently.

What if these books actually help you minimize gambling instead? Since there’s really no book that can teach us how to beat the casinos, but financial books can teach us how to manage money and invest it into things where we actually have a higher chance of profiting. That could change our mindset and maybe even make us leave gambling for good… who knows.