Protect your money

[Rubuchi]

You mean protect yourself from losses? First of all, as a gambler you must learn to accept the fact that the money you put into gambling can be lost, it is inevitable and cannot be avoided but there are measures that can be taken to cut down losses. The problem a lot of people have is that they try to avert their losses but this only makes the situation worse than what it actually is, chasing losses can never be the solution to getting back what you have lost. As a gambler you need to know when to stop so you don't end up making more mistakes.

in gambling you can only protect your money by not staking it in the first place but once you have stake your money, you cannot protect it from losses. Protecting your money from losses is a fallacy and not something you should expect to happen. The second way you can protect your money, not from losses but from great losses is by minimizing your risks and not just taking your money for it. Gambling is not a guaranteed game. It is not what you delve into with your entire funds else you will expend the whole of it and have nothing to take home after all.

[hedgeh0g]

Not that gamblers are not aware of them using the amount they can actually lose, some think that the risks they mean in gambling its to stake high and when they lose that amount with the hope to win and it failed, they start losing their control in gambling when they could have just follow the right rules, as they will not have to be pressured unnecessary. Ignorance of the law is not an excuse, which they must face the repercussion of their deeds.

Typically, players don't want to think about losses; instead, they want to focus only on winning, even spending unearned profits on travel, cars, and beautiful women. Players should certainly consider how they'll win, rather than getting lost in daydreams. While some players don't want to think about anything at all, just surrendering entirely to luck, and sometimes they win, I'm not particularly keen on that path. I'd rather calculate my risks and be more careful and prudent with my money.

[ColdLava40]

Personally I think, the cause of this is panic, afterwhich they realize that they just lost an amount that isn't ment to be used for gambling.

So my question is:
How would you best advice someone who is still trying to protect their loses?

You cannot protect you loss, you just have to live within your limits.

What many gamblers don't know is that the more you try to play safe, the more losses you will make. Pick a risk, stick to it. Don't add or reduce the amount you risk every time. Don't chase after your loses. When you exhaust you budget. Call it a day and wrap it up.

Then most important element to preserve inn gambling is your deposit. Without it, you have  nothing to gamble on. So instead of chasing loss, be your best at risking deligently. Don't panic or over react even if you still mess up, be at your maximum composure.