Altcoins Talks - Cryptocurrency Forum
Wider Crypto World => Gambling & Crypto Casinos => Gambling discussion => Topic started by: Emmanuel1 on March 07, 2024, 01:22:12 AM
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
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Number 2 and 4 are the most applicable to the topic but why you keep calling it a secret when it is already common knowledge. There are probably a lot of blogs and articles written online about that one and any newbie can easily access it. Some of the beginners are just ignorant and learn these basic things the hard way. There are also hard-headed amateurs who knew about these guides but still refuse to abide.
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A gambler always tries to exercise the utmost secrecy and utmost caution when it comes to gambling. If a gambler is gambling and his gambling is not well received by his neighbors or his family, that gambler must try to gamble with utmost secrecy. It is very normal to gamble and lose money. But if you don't gamble in the right way, you are more likely to lose money rather than gain money. If we cannot control our greed, it is difficult for us to get results from gambling. Greed is a deadly thing and many gamblers succumb to it. So we should not be overly greedy but try to gamble responsibly.
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Number 2 and 4 are the most applicable to the topic but why you keep calling it a secret when it is already common knowledge. There are probably a lot of blogs and articles written online about that one and any newbie can easily access it. Some of the beginners are just ignorant and learn these basic things the hard way. There are also hard-headed amateurs who knew about these guides but still refuse to abide.
Most times the problem is not about knowing what to do but the ability to do it. Knowing and doing are two different things. As you have noted, every gambler has access to responsible gambling practices that can mitigate losses but they don`t stick to it. Even when they have confessed to following it when it is time to act on it, they are unable. At this point, we should be preoccupied with knowing why it seems difficult to follow gambling practices that can save us from financial ruin and other negative outcomes.
In my thinking, greed is inborn and so killing it totally is difficult, it can only be controlled. The innate desire to win and recoup losses makes controlling greed difficult because this constant desire to win more can lead to increased risk-taking. For instance, sometimes I will plan to make a multibet of only three games but when it is time to place the bet, I end up accumulating more games since those games appear sure. This belief distorts my perception of risk, making me believe that I am more likely to win than they are. This cognitive bias can result in excessive gambling which leads to recording more loss.
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Number 2 and 4 are the most applicable to the topic but why you keep calling it a secret when it is already common knowledge. There are probably a lot of blogs and articles written online about that one and any newbie can easily access it. Some of the beginners are just ignorant and learn these basic things the hard way. There are also hard-headed amateurs who knew about these guides but still refuse to abide.
yes they be people who may have know it, but there so many people who don't know about it,to does persons is still secret to them because they don't know about it, and anything you don't have knowledge about is a secret.
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Number 2 and 4 are the most applicable to the topic but why you keep calling it a secret when it is already common knowledge. There are probably a lot of blogs and articles written online about that one and any newbie can easily access it. Some of the beginners are just ignorant and learn these basic things the hard way. There are also hard-headed amateurs who knew about these guides but still refuse to abide.
yes they be people who may have know it, but there so many people who don't know about it,to does persons is still secret to them because they don't know about it, and anything you don't have knowledge about is a secret.
Well, when we consider that more persons are introduced to gambling daily, it becomes pertinent to continue emphasizing the need for these secrets as noted by the OP. You just can`t tell the amount of people that will benefit from the discourse. This is likened to knowledge hidden in textbooks. Until you have assess to the textbook you can't tell the knowledge in it. It is the same with these secrets, until you come across it you can't know it.
I remember the early times I started gambling, I wasn't concerned about any healthy gambling practices since my mind was preoccupied with winning. It was after I had recorded a series of losses that I started searching for means to control my gambling habit and then came across a lot of guidelines online. So, if you don`t search, you can't know. Remember the mountain cannot go to Mohammed.
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Number 2 and 4 are the most applicable to the topic but why you keep calling it a secret when it is already common knowledge. There are probably a lot of blogs and articles written online about that one and any newbie can easily access it. Some of the beginners are just ignorant and learn these basic things the hard way. There are also hard-headed amateurs who knew about these guides but still refuse to abide.
yes they be people who may have know it, but there so many people who don't know about it,to does persons is still secret to them because they don't know about it, and anything you don't have knowledge about is a secret.
When you say an information is secret, it is intentionally kept hidden. Since the information is open for the public to see, then it's not a secret anymore. Maybe the proper term for what you are describing is ignorance. As I've said, these basic gambling guides is all over the internet.
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Number 2 and 4 are the most applicable to the topic but why you keep calling it a secret when it is already common knowledge. There are probably a lot of blogs and articles written online about that one and any newbie can easily access it. Some of the beginners are just ignorant and learn these basic things the hard way. There are also hard-headed amateurs who knew about these guides but still refuse to abide.
Yeah this is due to the fact that they have not learned from mistakes they don't observe what needs to be improved and what not. I mean I personally have made mistakes in the past but I learned to modify or even made some improvements just like number 2 and 4 because based on my observation that is what makes my gambling activity sucks. At first I minimize doing those things until I fully removed all that greed on my bets and instead put limits to it to lessen my loss.
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The OP delivers what it promises. I don't think it's bad advice if you're looking to bet on minor losses. But who is looking for that? The best thing to do is to gamble as a form of entertainment and with money that you consider to be spent on leisure, like a theatre ticket or an attraction. The difference being that if you are lucky that night you can walk away with more money than you came in with.
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If you really want to be a good gambler then kill your greed because if your greed exists then you wont be able to make anything in gambling. However, it's not easy to kill our greed and that's why most gambler lose often instead of winning.
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Actually when you will come to gambling you have to always remember that you can loss at once and also you can be on profit at once. There will always losses and also the profits . But some tips can be apply on sports bet is that do bets on that games or sports what you know better and also always take risk that much as you can afford to lose .
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What you say is a very good way to reduce our gambling numbers so that they don't become excessive, and to be honest, that's what I also do. But not everyone can do it very well, this requires awareness from within yourself to be able to do it.
Because some people actually think that gambling is an opportunity for them to make a profit and their way of thinking is wrong which then actually destroys them. There must be awareness first and change your mindset so you don't fall into something deeper.
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Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
All of these aren't secrets at all. It's just that either it's hard to do, or nobody's doing it.
1. Special account for gambling? Like what special account? Please elaborate on this one.
2. Killing greed is very easy to say but in reality, it's very hard to do especially if you are a gambler who is spending hours gambling. Unless you know how to stop when needed, it will be hard for a gambler to kill greed because people have this nature that they are very emotional especially when it comes to money. When they see an opportunity to get more money, they will get it no matter what. I'm not saying all gamblers, but most are greedy, and because they're greedy, their chances of losing all of their money are higher. They don't know when to stop.
3. Recording your wins and losses will not help you. Maybe there's a little bit of help for you but in reality, wins and losses don't matter especially when in gambling.
4. Have a loss limit. Well, this might be connected to the 2nd one because if you aren't greedy, you will set a loss limit where if that limit reaches, you will stop no matter what. Unfortunately, greedy people don't care about limits. What they want is to win, and they will do everything to win. Greedy people don't know how to be contented with the money that they have.
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Your advices are good, but these advices are very difficult to follow. Controlling greed is very difficult In gambling, many gamblers cannot control their greed, which leads to losses at times. But if a gambler can control his greed, his losses can be greatly reduced. Gambling should be taken as entertainment, it doesn't matter if you are gambling to earn, this is how a gambler can control himself. Why should a gambler keep a special account? Should a special account be kept on a separate gambling platform?
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Does not look like a secret at all, does not look like something new either. It is the same as having secret trading strategy - “buy low sell high”.
1. What is a special account for gambling? Separate account in bank or card that will be used onlt for gambling and does have limited funds? That is called budget.
2. Easy to say than do. Humanity has been fighting greed for centuries and you just say kill it.
3. Why would I record my wins or losses, when what matters is to have greater balance than it was at the beginning of gambling session. Knowing how many times I have won or lost wont help me. I dont know what to do with that information.
4. That is actually good advice. When keeping balance in a casino, setting “I can allow to lose $20 today” might help to resist chasing losses or go all-in.
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
Well, what OP says is his way of thinking and that is respected, it is also good to highlight that he has his own method of watching the game and if this prevents him from falling into addiction and prevents him from spending a lot of money, then I know that he will Always be welcome When I started, my biggest problem was money, which I had no control over, I always bet everything, almost at compound interest, because I believed that if I played a lot I would win a lot, I knew about the house advantage but apparently Like I didn't pay much attention to it, because I always saw that you could win and that I could beat the casino a little bit, that was my mistake.
But currently, because of so many things that I have gone through in this situation, one could give advice on what one can do due to experience, so in this order of ideas the best thing is and what is always fun is to control oneself in one's money, if there is good control in our bonds we will not have any problem.
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In my opinion, the only practicable measure to mitigate loss is to stick with a budget which must be an amount you can afford to lose. Every other measure might not be easy to adopt.
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Your advices are good, but these advices are very difficult to follow. Controlling greed is very difficult In gambling, many gamblers cannot control their greed, which leads to losses at times. But if a gambler can control his greed, his losses can be greatly reduced. Gambling should be taken as entertainment, it doesn't matter if you are gambling to earn, this is how a gambler can control himself. Why should a gambler keep a special account? Should a special account be kept on a separate gambling platform?
Greed is indeed a trait that is very difficult for us to control, because it requires many factors, for example knowledge. And now in reality many people are ruined because of greed, and that doesn't just happen in gambling, but it will also happen in other lives.
Actually, it is easy to control greed, as long as we have the knowledge. Everything in this world is closely related to knowledge, therefore in my opinion we have to look for the root of the problem and how to solve it.
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In my opinion, the only practicable measure to mitigate loss is to stick with a budget which must be an amount you can afford to lose. Every other measure might not be easy to adopt.
I think setting and sticking to a budget is the best risk management tool for all gamblers. When it comes to reducing loss in gambling, sticking with a budget that you can afford to lose is indeed a practical measure. This approach involves setting a predetermined amount of money that you are willing and able to gamble without jeopardizing your financial stability. By adhering to a budget that aligns with your risk tolerance and financial goals, a gambler can minimize the potential impact of gambling losses on his overall financial situation.
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
These are not secrets, they are just simple betting tactics that experience gamblers use to avoid excessive loss.
Knowing that gambling 100% based on luck, you should not stake money that you can't afford to loss and also gamble for fun to see your luck, not gambling with the aim of making money.
Gambling is not investment...
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
These are not secrets, they are just simple betting tactics that experience gamblers use to avoid excessive loss.
Knowing that gambling 100% based on luck, you should not stake money that you can't afford to loss and also gamble for fun to see your luck, not gambling with the aim of making money.
Gambling is not investment...
I agree with what you say that the game is not an investment, it can never be seen like that and much less as an income, like a job or something like that, no, it is not about that, the game should be seen as what it represents and that, a place to spend a different time, to have fun and possibly to win money, but not without first having the option of also losing, and this losing is the most viable since we are aware that in the casino there is the so-called advantage of the house and it is the only way that the casinos have the option of winning, which is a fact.
But the codes you say, I know that there are many things like numerology, it is not bad that one can believe in those things, so I believe that no one is harmed and that is something that we must always consider, that is why at the same time When it comes to betting we have to know how to do it and not risk a lot of money.
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"Does not look like a secret at all, does not look like something new either.
To You it may not look like a secret, because you have knowledge about it,but their are people who don't have the knowledge about it, to them is secret they may be things you know and millions of people don't know it, and their things other people know that you don't know, and that's why I call it secret,whether you know it or not is still remain a secret, because others may not know it. Steal my opinion.
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1. Have a special account for gambling alone.
2. kill greed.
Creating a gambling account is very easy, maybe you only need an email or telephone number.
Writing records of winnings and losses in gambling probably has a history in every gambling account.
These two factors are very easy for me to group together in minimizing gambling, and for those who are experienced in gambling, this trick can probably be done in the blink of an eye.
3. take record of your wins and losses.
4. always have a loss limit per day.
Points from numbers 3 and 4 are very difficult to overcome, so even pro gamblers still find it very impossible to kill greed. The human nature of greed is very difficult to eliminate.
Moreover, we limit ourselves in gambling, because the effects of gambling are very strong, just like the effects of addictive drugs. If we win at gambling, the maximum is certain and the average gambler wants to gamble again so that he can keep winning.
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Your advices are good, but these advices are very difficult to follow. Controlling greed is very difficult In gambling, many gamblers cannot control their greed, which leads to losses at times. But if a gambler can control his greed, his losses can be greatly reduced. Gambling should be taken as entertainment, it doesn't matter if you are gambling to earn, this is how a gambler can control himself. Why should a gambler keep a special account? Should a special account be kept on a separate gambling platform?
exactly, controlling one emotions Is never an easy task , although we know that if we can control our emotions we will be able to control our losses. And this is the term that separates pro from normies. Most pro have gain alot of experience that may have help them to suppress or control their emotions whenever they are gambling. One thing about gambling is that when a gambler is accumulating more losses he would endup losing it (stop thinking properly). Then the greed of wanting to coverup those losses would kick in . And endup making more losses. That why when one experience losses in gambling the best thing to do is to have a break or go into meditation inorder to get his head straight before thinking of hitting another.
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Your advices are good, but these advices are very difficult to follow. Controlling greed is very difficult In gambling, many gamblers cannot control their greed, which leads to losses at times. But if a gambler can control his greed, his losses can be greatly reduced. Gambling should be taken as entertainment, it doesn't matter if you are gambling to earn, this is how a gambler can control himself. Why should a gambler keep a special account? Should a special account be kept on a separate gambling platform?
exactly, controlling one emotions Is never an easy task , although we know that if we can control our emotions we will be able to control our losses. And this is the term that separates pro from normies. Most pro have gain alot of experience that may have help them to suppress or control their emotions whenever they are gambling. One thing about gambling is that when a gambler is accumulating more losses he would endup losing it (stop thinking properly). Then the greed of wanting to coverup those losses would kick in . And endup making more losses. That why when one experience losses in gambling the best thing to do is to have a break or go into meditation inorder to get his head straight before thinking of hitting another.
I think it is not solely because of the experience that those so-called pros can control their emotions, but it is because of their realization. If we are only talking about experience, addicted gamblers have more than those pros, why? Because they probably spend more time playing gambling than any other. The reason why they continue to have a lot of losses and even continue to spend more than they can afford is because they don't realize the things they have done.
If they realize it at an earlier stage just like those pro gamblers, they will also have an effective control and strategy compared to those occasional gamblers.
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Your advices are good, but these advices are very difficult to follow. Controlling greed is very difficult In gambling, many gamblers cannot control their greed, which leads to losses at times. But if a gambler can control his greed, his losses can be greatly reduced. Gambling should be taken as entertainment, it doesn't matter if you are gambling to earn, this is how a gambler can control himself. Why should a gambler keep a special account? Should a special account be kept on a separate gambling platform?
exactly, controlling one emotions Is never an easy task , although we know that if we can control our emotions we will be able to control our losses. And this is the term that separates pro from normies. Most pro have gain alot of experience that may have help them to suppress or control their emotions whenever they are gambling. One thing about gambling is that when a gambler is accumulating more losses he would endup losing it (stop thinking properly). Then the greed of wanting to coverup those losses would kick in . And endup making more losses. That why when one experience losses in gambling the best thing to do is to have a break or go into meditation inorder to get his head straight before thinking of hitting another.
I think it is not solely because of the experience that those so-called pros can control their emotions, but it is because of their realization. If we are only talking about experience, addicted gamblers have more than those pros, why? Because they probably spend more time playing gambling than any other. The reason why they continue to have a lot of losses and even continue to spend more than they can afford is because they don't realize the things they have done.
If they realize it at an earlier stage just like those pro gamblers, they will also have an effective control and strategy compared to those occasional gamblers.
Yeah yah point actually right, so I will thanks for clearing this for me. Is not all about the experience but their realization, like learning from their past mistakes. Because is normal we humans to make alot of mistakes inalmost we do but not learning from it can endup being endangering.
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I think there is no secret here, it's all on our emotions. If we have the slight idea on how to control it when we gamble then good. Those mitigation factors are just good in paper. The thing is that it's hard to execute it when our emotions totally get in our way. Like for example, our allotted budget have been swept from us, and so where in the dilemma whether to stop or to deposit for more. We know that we shouldn't our minds is telling us that. However, when our emotions takes over and telling us to deposit and try to chase our lost, then it's going to be very difficult and we could be ending losing more.
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
These are not secrets you can check online and even on both Bitcointalk and here on altcoinstalk that control the other words for what you called secret are being discussed openly and I agree that only with control and moderating your greed are two of the things that will minimize your losses and you have to understand that how gambling works so you can implement that control or secret.
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"Does not look like a secret at all, does not look like something new either.
To You it may not look like a secret, because you have knowledge about it,but their are people who don't have the knowledge about it, to them is secret they may be things you know and millions of people don't know it, and their things other people know that you don't know, and that's why I call it secret,whether you know it or not is still remain a secret, because others may not know it. Steal my opinion.
Every gambler who has gambled for up to a month and has a healthy habit of gambling already knows about this, so I guess those saying that its not a secret are correct in this case.
“Tips to mitigate losses as a gambler” would have been more appropriate rather than calling it a secret - users will also use that against you, just so you know.
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Yeah yah point actually right, so I will thanks for clearing this for me. Is not all about the experience but their realization, like learning from their past mistakes. Because is normal we humans to make alot of mistakes inalmost we do but not learning from it can endup being endangering.
Experience in every sense is very accepted and rewarded, just when looking for a job and applying, what is most required is experience and the knowledge that can solve problems, that is why in the casino things are like this, although I have different Having said that, you can have a lot of experience, but without luck you are nothing, and in a casino you have to be very careful when betting, we cannot be betting a lot of money when we know that things can get out of control, it is always better to bet with confidence. We could allow ourselves to lose, if we are not okay with that we should not put up with anything.
The casino is for people who have to be clear about what they are going to do, I cannot enter a casino to lose all the money I have at that moment and fall into an addiction, that is why experience is what makes certain mistakes impossible is committed, other types of errors may be committed but that cannot be avoided.
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
These are not secrets, they are just simple betting tactics that experience gamblers use to avoid excessive loss.
Knowing that gambling 100% based on luck, you should not stake money that you can't afford to loss and also gamble for fun to see your luck, not gambling with the aim of making money.
Gambling is not investment...
The thing is that some gamblers never agree to the fact that gambling is all about luck because they feel there are chances they could get with some forms of gambling that doesn't totally depend on luck and involves the proper calculation and stats checking that might draw them close to winning, but I still feel even with this logic the general sense that one could lose lots of money should always be planning on our head to atleast keep on track and never go wild with our bets and stakes when gambling.
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These are not secrets you can check online and even on both Bitcointalk and here on altcoinstalk that control the other words for what you called secret are being discussed openly and I agree that only with control and moderating your greed are two of the things that will minimize your losses and you have to understand that how gambling works so you can implement that control or secret.
Sometimes the gambling place system actually provides opportunities for winning when gambling, which may not allow gambling place users to win a lot.
However, when gambling on sports it is quite good to do it because maybe you can see the performance they have when competing.
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In my opinion, the only practicable measure to mitigate loss is to stick with a budget which must be an amount you can afford to lose. Every other measure might not be easy to adopt.
Indeed, setting a budget and also sticking to the budget you've set is one of the most essential aspect of Gambling and any other financial plans, whether it's related to Gambling or not. But in this case we're discussing gambling, it's essentially important in gambling because there are so many variables that can make you lose track of what you initially intended to gamble with and then before you realize it, you may have already gambled out of hand so it's important to always set/remember your limits and also stick to them.
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
Building on that insightful approach, another key aspect of minimizing losses in gambling may involves disciplined bankroll management and emotional control.
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Does not look like a secret at all, does not look like something new either. It is the same as having secret trading strategy - “buy low sell high”.
It remains a secret until everyone in the surface of the earth has known about it. There are people who don't know about it and since there are people who don't know about it, that makes it a secret for them until they have known about it.
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
Building on that insightful approach, another key aspect of minimizing losses in gambling may involves disciplined bankroll management and emotional control.
exactly mostly emotional control, that what most gamblers lacks. Though we Humans are emotional beings but we still have to control it, we don't just face this in gambling alone but in other parts in this space like trading and investing. When one emotions are becoming overwhelming , he or she endup making rash and reckless decision Which would endup triggering more losses, so to prevent such from happening we should gamble responsibly by using money one could afford to risk. And not chasing after profit when one have started losing. Better still when you see such us happening just call it a day.
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Does not look like a secret at all, does not look like something new either. It is the same as having secret trading strategy - “buy low sell high”.
It remains a secret until everyone in the surface of the earth has known about it. There are people who don't know about it and since there are people who don't know about it, that makes it a secret for them until they have known about it.
Is bitcoin a secret? I believe there are still some corners of the world that don't know what bitcoin is - would you because of that refer to bitcoin as a secret when creating a thread about it?
It would have been better if you just accept the fact that you used a wrong title rather than trying to defend yourself, if you continue like this you`ll only end up not learning from others thinking you must be correct all the time which is not right.
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In my opinion, the only practicable measure to mitigate loss is to stick with a budget which must be an amount you can afford to lose. Every other measure might not be easy to adopt.
Indeed, setting a budget and also sticking to the budget you've set is one of the most essential aspect of Gambling and any other financial plans, whether it's related to Gambling or not. But in this case, we're discussing gambling, it's essentially important in gambling because there are so many variables that can make you lose track of what you initially intended to gamble with and then before you realize it, you may have already gambled out of hand so it's important to always set/remember your limits and also stick to them.
I think setting a budget and sticking to it works together with proper time management. That is, in setting a budget, you must set a time limit that must correspond with the budget you have set. The importance of a time limit is that whether you are winning or not, you must stop when the limit is reached.
If you are winning, you can easily work away with the profit made rather than continue gambling and losing everything. On the other hand, if you are losing, setting a time limit will prevent you from chasing your losses and losing more.
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
Building on that insightful approach, another key aspect of minimizing losses in gambling may involves disciplined bankroll management and emotional control.
exactly mostly emotional control, that what most gamblers lacks. Though we Humans are emotional beings but we still have to control it, we don't just face this in gambling alone but in other parts in this space like trading and investing. When one emotions are becoming overwhelming , he or she endup making rash and reckless decision Which would endup triggering more losses, so to prevent such from happening we should gamble responsibly by using money one could afford to risk. And not chasing after profit when one have started losing. Better still when you see such us happening just call it a day.
You’ve made an excellent point about the importance of emotional control, emotions really can obscure clear thinking.
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
Building on that insightful approach, another key aspect of minimizing losses in gambling may involves disciplined bankroll management and emotional control.
exactly mostly emotional control, that what most gamblers lacks. Though we Humans are emotional beings but we still have to control it, we don't just face this in gambling alone but in other parts in this space like trading and investing. When one emotions are becoming overwhelming , he or she endup making rash and reckless decision Which would endup triggering more losses, so to prevent such from happening we should gamble responsibly by using money one could afford to risk. And not chasing after profit when one has started losing. Better still when you see such us happening just call it a day.
Without emotional control, it will be difficult to manage your bankroll. Both go hand in hand. When you set a bankroll limit and then get to the limit, the ability to stop gambling at this point is a function of your ability to control your emotions. Most times you will have that urge to continue gambling especially when you are winning and other times you just want to recoup your losses before you pause. When faced with this dilemma you only have to control your emotions to be able to walk away.
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Without emotional control, it will be difficult to manage your bankroll. Both go hand in hand. When you set a bankroll limit and then get to the limit, the ability to stop gambling at this point is a function of your ability to control your emotions. Most times you will have that urge to continue gambling especially when you are winning and other times you just want to recoup your losses before you pause. When faced with this dilemma you only have to control your emotions to be able to walk away.
I was a victim of such, when started gambling was kinda excited thinking I can get rich quick (which is not how things work). Then I gambled the first time I made a win ( which was a beginners luck). Things where going smooth until one certain day I allowed my greed to get best of me . So I was not satisfied with my wins I decided that I want make so I go all in , hoping a massive win but endup being the opposite. Instead of calling it a day I let the greed of wanting to get all I've loss back to get the best of me again and that the only thing I endup with was regret . That how I stopped gambling for sometime to learn more about it and how to control my emotions whenever I'm gambling, trading or investing. Because we don't only need to learn how to control our emotions on gambling alone but in our all aspects of life .
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In my opinion, the only practicable measure to mitigate loss is to stick with a budget which must be an amount you can afford to lose. Every other measure might not be easy to adopt.
Indeed, setting a budget and also sticking to the budget you've set is one of the most essential aspect of Gambling and any other financial plans, whether it's related to Gambling or not. But in this case we're discussing gambling, it's essentially important in gambling because there are so many variables that can make you lose track of what you initially intended to gamble with and then before you realize it, you may have already gambled out of hand so it's important to always set/remember your limits and also stick to them.
This is closely related to financial management. Financial management must be applied in every aspect of life, including if we like to gamble then we must be able to manage our finances so that we are always in full control of our allocation for gambling.
If someone does not have financial management, it is very likely that they will spend a lot of their budget on unnecessary things. Not only in gambling, but for things related to our lives.
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third point, in my opinion it is very rarely done by every gambler, don't lose, sometimes winning will also rarely be remembered by them,
but your advice is good to implement, I think if we are consistent with our commitment the word addiction will be avoided from us and we can continue gambling without having to experience excessive losses
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In my opinion, the only practicable measure to mitigate loss is to stick with a budget which must be an amount you can afford to lose. Every other measure might not be easy to adopt.
Sticking with a budget and limiting the number of times you gamble in a week or month, most gamblers learn from experience and minimize their stake but minimizing your stake can still compound to become a huge loss when you keep playing on a regular basis, this is something a lot of gamblers fail to realize. If you get lucky enough to win a bet give it a break for at least a week or two, same thing applies to when you also lose
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2. kill greed.
Greed is as dangerous in gambling as it is in trading because, due to greed, you would make wrong decisions that you will later agree as unnecessary. Greed can be exhibited in different scenarios, some of which are when a gambler chases a very high odd and wants to bet a smaller amount of money to win a very large amount of money, that is greed. It is also greed when, after just winning a huge amount of money, a gambler decides to continue gambling immediately.
3. take record of your wins and losses.
Maybe this is not completely necessary except in offline casinos because your gambling history can actually tell you this.
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In my opinion, the only practicable measure to mitigate loss is to stick with a budget which must be an amount you can afford to lose. Every other measure might not be easy to adopt.
Sticking with a budget and limiting the number of times you gamble in a week or month, most gamblers learn from experience and minimize their stake but minimizing your stake can still compound to become a huge loss when you keep playing on a regular basis, this is something a lot of gamblers fail to realize. If you get lucky enough to win a bet give it a break for at least a week or two, same thing applies to when you also lose
Yeah, last night I did play online and within my budget, initially I won just small amount of money. And so I withdraw my capital and then just play with the money that I won.
It's slots and roulette game by the way, so I have fun that night and at the same time, win some money. That is my current strategy for now, if I win, then I will withdraw my initial capital so that it's just less damage on my end.
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In my opinion, the only practicable measure to mitigate loss is to stick with a budget which must be an amount you can afford to lose. Every other measure might not be easy to adopt.
Sticking with a budget and limiting the number of times you gamble in a week or month, most gamblers learn from experience and minimize their stake but minimizing your stake can still compound to become a huge loss when you keep playing on a regular basis, this is something a lot of gamblers fail to realize. If you get lucky enough to win a bet give it a break for at least a week or two, same thing applies to when you also lose
Yeah, last night I did play online and within my budget, initially I won just small amount of money. And so I withdraw my capital and then just play with the money that I won.
It's slots and roulette game by the way, so I have fun that night and at the same time, win some money. That is my current strategy for now, if I win, then I will withdraw my initial capital so that it's just less damage on my end.
What happens if you withdraw the capital and then lose the profit? Certainly, you will have to fund with the capital again. In the same vein, what happens if you lose your money in the first gambling session? This is where the test of gambling discipline comes in. It is easier to stick to a gambling budget when you are winning, but staying on track when you are losing requires a high level of discipline.
The reason for this is that no gambler, whether playing for fun or not, wants to lose money, so when he does not win, he is tempted to recoup his losses, and a gambler's discipline can be tested at this point. Your story suggests that you have a budget, but since that session favored you, I am not sure if you will be able to stick to it when you lose.
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These are no secrets, everyone knows these little techniques. In gamble the knowledge of simple rules and techniques is not the problem, the problem is in its application.
After loosing a lot of gamblers reassure themselves to stick to some rules but when they have staking power again they forget the rules again
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
Two, three and four are good tips that i'm willing to do as in my opinion could limit my losses whenever i gamble. Greed is so powerful that most of the time i could not resist it.
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There's no verifed secrets of gambling and loosing less, after loosing less for a long period of time you will realise you have lost a fortune
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
Two, three and four are good tips that i'm willing to do as in my opinion could limit my losses whenever i gamble. Greed is so powerful that most of the time i could not resist it.
The points you convey do occur in life, especially in secrets that always have a key in whatever we do. Not only in gambling, but for everything in this world.
We only need to find the key and when we can get it, then we will avoid things that will make us lose or feel something that can make us regret in the future.
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Two, three and four are good tips that i'm willing to do as in my opinion could limit my losses whenever i gamble. Greed is so powerful that most of the time i could not resist it.
Greed and fear can indeed make a person become a shadow of himself because sometimes you end up making decisions that they’ll end up regretting later on. Greed and fear has the potential to influence a person’s decision making process at any given time, especially in gambling or any issue that involves finance. And that is why gamblers should at all time maintain a level head when gambling and avoid making decisions based on greed or fear.
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The topic itself is quite unusual because it’s not a secret that you would be successful in gambling if you had only minor losses. I think you need to be more specific than that, like maybe in a day you would only lose this, and you would stop when you win a specific amount.
I don’t think there is always a secret to something, but you need to remember that a good mindset is the best thing.
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
Two, three and four are good tips that i'm willing to do as in my opinion could limit my losses whenever i gamble. Greed is so powerful that most of the time i could not resist it.
I believe that if we who gamble can follow two tips correctly, then we will get some good results from gambling. One of these two is to control greed. Despite knowing this, many of us sometimes lose control. Another one is to set our gambling limitations. If gambling can be managed by following these two tips, then the losses will definitely reduce.
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Everything you do on planet Earth have a secret code attached to it. If you are a mechanic, there is a secret in the mechanic field, and if you're electrician there is a secret in electrical field, same for gambling; so if you are a gambler there is a secret for gambling.
Some secret for minor losses in gambling:1. Have a special account for gambling alone. 2. kill greed.3. take record of your wins and losses.4. always have a loss limit per day.
When you apply this secrets you we have minor losses for gambling.
Setting a limit to losses per day, is very paramount and would help one to control how he spends money. Also playing it once in a while. Because expected outcome or results is not guaranteed everytime.
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Number 3 and 4 hits the point. When one takes note of his losses and winnings in gambling, it helps you to know whether you're gaining or losing the more. And if you're losing more, you retract, reduce your loss limit, staking power and bet responsibly.
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Actually when you will come to gambling you have to always remember that you can loss at once and also you can be on profit at once. There will always losses and also the profits . But some tips can be apply on sports bet is that do bets on that games or sports what you know better and also always take risk that much as you can afford to lose .
Yes, there will be loss and there will be profit but I can always confirm that the loss will be more than the profit
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Yes, there will be loss and there will be profit but I can always confirm that the loss will be more than the profit
Obviously, there will be more loss than profit and we will also be a responsible gambler if our mindset will be same like this before starting a gambling.
And as well I also think that there should be also one more thing and that is always investment that much fund what we can afford to lose. Moreover I think those who knows that there will loss more than profit in gambling those peoples won't gonna investment more than they can afford to loose.