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Author Topic: Gambling: for fun or to earn money?  (Read 24169 times)

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Re: Gambling: for fun or to earn money?
« Reply #180 on: February 06, 2025, 08:17:44 PM »

The only exception to this is if the player is gambling on skill based games, example of such games is Poker and a few other card games, I consider this as an exception because these kinds of games requires more of the player’s skills and experience and also the player’s ability to predict the opponent’s next move, though luck is needed too at some point but not as much as it’s needed when playing other casino games or sports betting.

You're right, things are like that because things can be very different if we see them from the point of view of strategy and tactics, poker by nature has Always been a very popular game and yes,  I would say that it depends a lot on the strategy that the Player makes and although it involves a bit of luck , things are usually quite good when you believe in them Many chess players have left it only to Dedicate themselves to poker, it's because it seems that Strategy can really work and make Money.
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Re: Gambling: for fun or to earn money?
« Reply #180 on: February 06, 2025, 08:17:44 PM »

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Re: Gambling: for fun or to earn money?
« Reply #181 on: February 06, 2025, 10:38:41 PM »
You're right, things are like that because things can be very different if we see them from the point of view of strategy and tactics, poker by nature has Always been a very popular game and yes,  I would say that it depends a lot on the strategy that the Player makes and although it involves a bit of luck , things are usually quite good when you believe in them Many chess players have left it only to Dedicate themselves to poker, it's because it seems that Strategy can really work and make Money.
All you need in poker is a solid game plan to stand a chance of winning. Really I’m not surprised that some chess players decided to switch to poker, Chess is another great game I love too cos both games requires critical thinking, a great dose of strategy and the ability to predict and counter their opponent’s next move. A player who’s already great at chess stands a better chance of playing poker and those chess skills can indeed serve the player well when playing poker.

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Re: Gambling: for fun or to earn money?
« Reply #181 on: February 06, 2025, 10:38:41 PM »

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Re: Gambling: for fun or to earn money?
« Reply #182 on: February 07, 2025, 02:21:27 PM »
Even when gambling on games that are said to be "skill-based" I still think it is something that is still very much avoided. No, what I mean is this, in gambling it will usually be very close to emotions. And when we become emotional, then any abilities that are possessed will be lost at that very moment.

That is if I assume that skills have an effect, but until now I also do not think so.
Well, I’d say that the ability to control and completely be in charge of one’s emotions when gambling is also a skill, this is because, not every gambler possess this ability, but anyone can also possess it if he is determined to learn it. Controlling one’s emotions when dealing with something that involves money is pretty difficult I must say, but when mastered, it gives the player an advantage, whether in skill based games or in luck based games. So yes, either ways, I guess one still needs some skills, because even if luck is on one’s side and he happen to win repeatedly, if he lacks the skill to actually control his emotions, he may end up putting everything back into the casino and maybe if his luck as ram out, he’ll lose it all.
That is a case that we often hear when someone has won the game but they can't stop then they will lose all the winnings they have earned.

However, emotional control is more important in this case. The assumption that gambling is a skill but if you can't control your emotions then the result is still the same.

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Re: Gambling: for fun or to earn money?
« Reply #183 on: February 07, 2025, 06:36:44 PM »

All you need in poker is a solid game plan to stand a chance of winning. Really I’m not surprised that some chess players decided to switch to poker, Chess is another great game I love too cos both games requires critical thinking, a great dose of strategy and the ability to predict and counter their opponent’s next move. A player who’s already great at chess stands a better chance of playing poker and those chess skills can indeed serve the player well when playing poker.
Me too, in fact I am more skilled at chess than poker, and this thing about switching from chess to poker is like a trend, it's an easier way to make money, I think that's the reason why many chess players switch to poker, because chess is much more complicated and all that concentration and strategy if it is limited or carried over to poker I think it will give very good benefits, in poker things may seem easier, but there is a lot of pressure, adrenaline, it takes a lot.
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Re: Gambling: for fun or to earn money?
« Reply #184 on: February 07, 2025, 07:04:23 PM »
That is a case that we often hear when someone has won the game but they can't stop then they will lose all the winnings they have earned.

However, emotional control is more important in this case. The assumption that gambling is a skill but if you can't control your emotions then the result is still the same.

This is one of the reasons that most people avoid gambling. It is not always about winning, but about how you use your winnings. It is not prudent to lose everything to gambling after putting in a lot of effort predicting with no results only to win and then still lose all to gambling. This is the case of most gamblers.

Losing may not occur immediately, but in the long run, the gambler may realize that what they have won has been returned to the bookies. This is why to be a good gambler you must be able to control your emotions as you noted because firstly it will make you lose less and secondly it will help you utilize wins.

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Re: Gambling: for fun or to earn money?
« Reply #185 on: February 07, 2025, 08:27:21 PM »

However, emotional control is more important in this case. The assumption that gambling is a skill but if you can't control your emotions then the result is still the same.
Not just in this case but every other cases in gambling I believe. And gambling itself isn’t actually a skill, but the ability for a gambler to actually control their emotions while gambling is the actual skill there that every gambler needs in order to succeed in gambling.

There’s been several cases of countless losses by gamblers due to their inability to control their emotions while gambling, it doesn’t matter how well the gambler knows how to predict his games, if he lacks the ability to control his emotions, his sessions will always end in losses.

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Re: Gambling: for fun or to earn money?
« Reply #186 on: February 07, 2025, 10:44:43 PM »
This is why to be a good gambler you must be able to control your emotions as you noted because firstly it will make you lose less and secondly it will help you utilize wins.

And this is one of the most difficult things in the world, controlling economies, many of us tell you, in fact there are times when you can't and you end up losing a lot of money, so for the simple fact of being human, we don't let ourselves be carried away by the seventies, impulses, emotions, all this sometimes plays against us when it comes to games with money, when it comes to money you have to take a break and try to play more with your brain and Reason than with your emotions, it's easy to say, but difficult to do.
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Altcoins Talks - Cryptocurrency Forum

Re: Gambling: for fun or to earn money?
« Reply #186 on: February 07, 2025, 10:44:43 PM »


Offline pieppiep

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Re: Gambling: for fun or to earn money?
« Reply #187 on: February 07, 2025, 11:10:01 PM »
This is why to be a good gambler you must be able to control your emotions as you noted because firstly it will make you lose less and secondly it will help you utilize wins.

And this is one of the most difficult things in the world, controlling economies, many of us tell you, in fact there are times when you can't and you end up losing a lot of money, so for the simple fact of being human, we don't let ourselves be carried away by the seventies, impulses, emotions, all this sometimes plays against us when it comes to games with money, when it comes to money you have to take a break and try to play more with your brain and Reason than with your emotions, it's easy to say, but difficult to do.
Yes, Effective ways of handling finances in one or the other condition is no easy task and when there are pressures or even encouragements that people are not even aware of. Sometimes one feels quite sure that everything is going to be all right but sometimes things go from bad to worse and the decisions made are not always beneficial. Emotions play a great role in this process as people, regardless of their background, cannot totally remove emotions and instincts which occur naturally. It is so with money and many a times, the events happen unexpectedly when you are left ruing a missed fortune after experiencing an unfortunate event or a misfortune. All of this is evidence of quite a convoluted process that people have with the values ​​and choices that concern money.

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Re: Gambling: for fun or to earn money?
« Reply #188 on: February 08, 2025, 03:06:11 PM »

However, emotional control is more important in this case. The assumption that gambling is a skill but if you can't control your emotions then the result is still the same.
Not just in this case but every other cases in gambling I believe. And gambling itself isn’t actually a skill, but the ability for a gambler to actually control their emotions while gambling is the actual skill there that every gambler needs in order to succeed in gambling.

There’s been several cases of countless losses by gamblers due to their inability to control their emotions while gambling, it doesn’t matter how well the gambler knows how to predict his games, if he lacks the ability to control his emotions, his sessions will always end in losses.
Well that's what I mean, maybe this doesn't only apply to gambling, but in trading that relies heavily on skills and knowledge when they can't control their emotions well, then the trading they do will end in huge losses.

Therefore, this is what gamblers should be aware of, it would be better to throw away all thoughts that they can win in gambling.

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Re: Gambling: for fun or to earn money?
« Reply #189 on: February 08, 2025, 08:15:03 PM »
However, emotional control is more important in this case. The assumption that gambling is a skill but if you can't control your emotions then the result is still the same.
I will say this with humanity, you see gambling and emotions works all together why, see because where ever there is finance there is emotion that attached to it while we can't control it that much. So, as a gambler immediately you stake any amount for whatever game you gambling you thinking and mindset changes automatically because there is money involved that is why when you are playing natural game with money you plays it with free mind, typical example is; when you are trading on demo account there are much feeling attached and even though your account is sweep off you don't have anything to worry rather you would adjust yourself to make out something after you might requested for a top-up, but when you go live trading you see yourself sweating and thinking higher at this point you are only looking for a means not to lose any penny while trading. Same thing is applicable to gambling.

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Re: Gambling: for fun or to earn money?
« Reply #190 on: February 08, 2025, 10:32:43 PM »
If you approach gambling simply as entertainment, then earnings are possible, but not permanent. Professional poker players, for example, spend a lot of time honing their skills. For some players, this is their main form of income. But making money from slot machines is an occasional income.....

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Re: Gambling: for fun or to earn money?
« Reply #191 on: February 09, 2025, 04:03:46 AM »
Well that's what I mean, maybe this doesn't only apply to gambling, but in trading that relies heavily on skills and knowledge when they can't control their emotions well, then the trading they do will end in huge losses.

Therefore, this is what gamblers should be aware of, it would be better to throw away all thoughts that they can win in gambling.
Yeah absolutely.
This is one amongst several features which gambling shares with Trading, although having self control doesn’t guarantee that the gambler will continuously or consistently keep winning, no; losses are inevitable, regardless of how much self control you’ve got as either a gambler or trader. Having self control over your emotions only gives one an advantage and the opportunity to avoid making certain mistakes that would’ve resulted into more losses.

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Re: Gambling: for fun or to earn money?
« Reply #192 on: February 09, 2025, 02:32:22 PM »
Well that's what I mean, maybe this doesn't only apply to gambling, but in trading that relies heavily on skills and knowledge when they can't control their emotions well, then the trading they do will end in huge losses.

Therefore, this is what gamblers should be aware of, it would be better to throw away all thoughts that they can win in gambling.
Yeah absolutely.
This is one amongst several features which gambling shares with Trading, although having self control doesn’t guarantee that the gambler will continuously or consistently keep winning, no; losses are inevitable, regardless of how much self control you’ve got as either a gambler or trader. Having self control over your emotions only gives one an advantage and the opportunity to avoid making certain mistakes that would’ve resulted into more losses.
At least that's something we should pay attention to very well, not to seek greater profits but to minimize the losses that we will get later. Whatever it is, we can't always want to get profits, especially consistent wins from gambling. From the initial concept of gambling being made, we should have been able to understand what gambling is like.

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Re: Gambling: for fun or to earn money?
« Reply #193 on: February 09, 2025, 06:16:56 PM »
Well that's what I mean, maybe this doesn't only apply to gambling, but in trading that relies heavily on skills and knowledge when they can't control their emotions well, then the trading they do will end in huge losses.

Therefore, this is what gamblers should be aware of, it would be better to throw away all thoughts that they can win in gambling.
Yeah absolutely.
This is one amongst several features which gambling shares with Trading, although having self control doesn’t guarantee that the gambler will continuously or consistently keep winning, no; losses are inevitable, regardless of how much self control you’ve got as either a gambler or trader. Having self control over your emotions only gives one an advantage and the opportunity to avoid making certain mistakes that would’ve resulted into more losses.
At least that's something we should pay attention to very well, not to seek greater profits but to minimize the losses that we will get later. Whatever it is, we can't always want to get profits, especially consistent wins from gambling. From the initial concept of gambling being made, we should have been able to understand what gambling is like.
You are right that gambling should not be conducted only for the purpose of making profit, but in many cases, reducing the level of losses is also a big responsibility. If it is possible to reduce losses, then gamblers can gamble for a long time. This will definitely increase their pleasure. There are some gamblers who only deposit and lose it in a short time. They cannot survive in gambling for a long time. To enjoy the pleasure from gambling in the long term, gambling should be considered as fun, not just money.

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Re: Gambling: for fun or to earn money?
« Reply #194 on: February 09, 2025, 06:40:35 PM »
Based on my observation here in my place, gambling is more of some sort of earning money than having it as for fun. I also did that when I was still in my gambling sessions before but since I already quit it's not gonna happen again. Anyways, my friends and relatives and other people who are involved in gambling here in my place expects something big from gambling and that is why I said they play for money than fun. They spend much on it more than what I did before and that is quite surprising.

 

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