TheUltraElite
Legendary

Activity: 3626
Merit: 1463
Fellow Indian members are welcome in our Local :)
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Today at 06:26:16 AM |
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Gambling is never an investment for the gambler. It you are investing in the casino bankroll then only it is a long term investment.
Otherwise what we commonly know as gambling, it is a loss making fun game, it should be limited to that only. If you actually make some money from it, spend it on something other than gambling and dont do back. That is the only way you can ensure you have made and not lost money.
Investments will grow over time and the bankroll investment is similar. Very few sites are offering it anymore, but one can always consider building their own casino.
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Makus
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Today at 06:29:11 AM |
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There is no way you can take gambling as an investment and end up succeeding because it's a game of wins and losses, you cannot really tell when you are going to end up losing more because you would be desperate to make profit. Gambling wasn't really designed to be a source of income like a lot of people take it to be, there is a big difference between gambling for profits and gambling to create a constant source of income. No matter how much money you think you can win from gambling it's important to remember that it can't be an investment.
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ZeroVinsonN
Sr. Member
  

Activity: 518
Merit: 288
It takes a second for treasure to become trash
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Today at 06:36:12 AM |
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This topic is also part of how you can control your gambling losses.
So the idea is this, investment is what you do with precision, not relying on luck And sometimes, in some investment you don't lose everything. Like you can insure your investment and when it fails, you get the insurance company to come in, depending on the insurance product you signed for. Apart from insurance policy in your investment, some investment generally may still give you room to regain part of your investment and avoid total collapse.
But if you treat gambling as investment, you will see yourself chasing back what you are losing because at every gambling game, either you have a loss or you win but the number of losing outweighs your winning chance as the house edge and luck will likely go against you.
Therefore, it is better to limit your stop time or amount and resolve to treat gambling as entertainment, not investment.
How do you handle your gambling? You see it as investment or entertainment?
I see it as a means to make a few extra cash but not enough to treat it as a source o income for myself, it's not an investment, I've never treated it as one and I don't believe I ever will, looking at gambling as an investment that will pay off eventually is the very same thing that has dragged some many into gambling addiction and some of them are still telling themselves till date they their time to win is still coming, the misunderstood what gambling was and now they can't shake that false mindset from themselves, gambling should never be treated as an investment.
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Yablee0
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Today at 06:39:04 AM |
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I don't even think it is possible for someone to treat gambling as an investment when they know that the chances of losing are always higher than the chances of winning. However, if there are people who see gambling as an investment, I view such people as not thinking properly.How can someone see gambling as an investment? Most of the people I have come across who lose money in gambling do not always see it as an investment. Instead, they approach it as a way of trying their luck, hoping that luck will be on their side. Even with that mindset, they still lose. After losing some money, they are usually willing to recover it, and in the process, they continue losing even more.If anyone takes gambling as an investment, it could have serious consequences for their life because that idea may lead them to lose money quickly and make wrong decisions. Gambling should be seen as entertainment, and that is all
If you are still having difficulty in believing how some people's go about with the gambling things and to crown it all even as an investment then you haven't seen crazy gamblers yet. Some People are so daft to and extent that they can't even use their common sense while doing things. If not tell me why a normal person will want to invest in gamble while their are some many legit investment deals out there like Bitcoin and other's that they can invest in if really that's the plan. However, those that gamble for fun which is the primary purpose of gambling rarely have issues, you hardly see them complaining of multiple lossing streak why because they have got the perfect Bankroll strategy, and they always ensure to back off as of when due to avoid further lost. It's certain that when we aren't doing the right thing their is every tendency of having issues along the line, therefore the first thing is to deal with our poor mentality if we really want to get it right in our gambling life.
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Ceemv22
Copper Member
Newbie
Online
Activity: 11
Merit: 0
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Today at 06:57:58 AM |
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Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. source: en.wikipedia.org/wiki/Gamblingwith that being said, it sounds silly to see gambling as an investment. i've never seen it that way, nor do i think i've ever met someone who does. for people who somehow interpret gambling as investment, i truly believe they do it out of ignorance, as Socrates held, no one does wrong willingly; they do it because they don't know any better
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viljy
Legendary

Activity: 2478
Merit: 1770
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Today at 07:09:30 AM |
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If we talk from the point of view of risks, then investments can be more or less risky. For example, a conservative investment portfolio consists of reliable investments such as treasuries (although this is no longer so reliable) and other assets such as gold, blue chip stocks, etc. Can a casino deposit be considered an investment? Only as an investment with the highest risk  But actually, of course, gambling is not an investment at all, it is a separate part of social life. In a broad sense, the game is a necessary element of human life. Games have accompanied a person since childhood. Games are not always safe. Gambling also carries the risk of addiction. That's why the right attitude to gambling is so important.
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Outhue
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Today at 07:12:41 AM |
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Unfortunately every beginners in gambling reasons this way, they believe that gambling is one of those ways to get rich faster, so they start risking everything they can get on gambling like it's some kind of investment. Gambling is the last thing you must do after investing in good assets in the world and paying all your bills, gambling is something you do last, not the first.
Gambling is very risky, if you don't understand what gambling truly is you are going to become like the rest of gamblers who have nothing going on in their lives than working so hard and wasting every penny on gambling, and this doesn't mean that they will have anything to show for it as a gambler. Don't venture into something you don't understand.
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Betwrong
Legendary
Online
Activity: 4032
Merit: 2335
Unlock exclusive bonus promocode BITCOINTALK
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Today at 07:47:59 AM |
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~ How do you handle your gambling? You see it as investment or entertainment? To me, treating gambling as an investment is the same as treating film-going as an investment. When you go to watch a film, a great idea may strike you on the way to the theater, on the way back, or even while watching the film. Later, you might make a lot of money because of that idea... Yes, it can happen, but the chances are so small that relying on it is stupid.
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CryptoYar
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Today at 08:11:13 AM |
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By considering a casino as basic investment group of assets or a betting slip as a financial group of assets, one is setting themselves up for failure. With real investing, you can protect money or sell assets, or you can protect against risk if a business you are invested in begins to fail. If you dont hit rare winning combination, your money is as good as gone when you place bet, in my opinion. I think it should be viewed as entertainment and a cost of entertainment, as in paying for movie ticket, as the only way to be healthy about it. As soon as you give it "real" money status, you lose any emotional control and you are on a chase to make up for losses. Putting time limits and set budgets make it fun without hurting financial safety.
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