Gamble with what you can afford to lose can actually make a good return

[Zed0X]

~
But I also think of something else, I think we should also give them advice even if it doesn't harm us. For me it's not just about whether or not it's harming us, but there's something bigger than that, which is our concern for them.

I will only do so when they personally ask. The problem with sharing unsolicited advice is that it could be taken the wrong way and that might just push them away. When they do not see any problem with their gambling, they usually don't like suggestions to stop being shove in their throat.

If we wait for them to ask, then when will it happen? After they have lost everything? But that goes back to our own opinions because we must also have a reason why we do something, in this case giving someone advice.

Changing someone's mindset and lifestyle is not as simple as you think. It's usually better if you let them learn that the hard way. Also, the topic in the OP is about gambling money you can afford to lose instead of investing.

Of course if we immediately give them advice suddenly then they will distance themselves or can even make them hate us. But what we can do is to enter slowly, it could be in a joking situation that we give a slip of advice wrapped in a joke so that they are not offended by us.

You do you.

[Primo1760]

~Snip~

Gamble with what you can afford to lose can actually make a good return

It is better to use a certain amount of money for gambling so that you do not get stressed or hurt if you lose money. There are many people who spend their entire income on gambling and unfortunately when they lose gambling they become broke. In order to recover lost money, many people participate in a series of gambling games that result in them losing more gambling and at one point incurring gambling debts. By participating in it, they end up in a lot of debt. This is why it is best for a gambler to always use the amount he can afford to lose. Speaking from my side I would say I spend one to five percent of my income on gambling I never spend more than 1 to 5% of my income on gambling.

[Agbe]

I am also not in support of that statement because no money in someone hand is meant to loss but to multiply. Now another question will also come from my side, which of the money is afford to loss? And using $1 or $100 to invest does not make sense and there is no investment platform that accept that amount of money. The minimum amount in some platforms to invest is $3+ and that is also depends on the country exchange with dollar rate.

[Agbe]

You could phrase the title better so it doesn't become confusing.

Back to the topic, this is another example of just practice what you preach in silence and let them decide if they want to follow what you do. Personally, I don't think we should be telling other people what to do with their money. We may see them gamble but who knows if they have a hustle that we do not know about. It's possible that the money they are using comes from passive income.

~ but yet we kept preaching the word "gamble with what you can afford to lose"

If the money they are using to comes from a passive income doesn't change the fact that it can cripple their finances remember money isn't unlimited, instead of throwing all those money away in gambling you can do something lucrative, it's True that it's not our role to tell others how to spend or utilise their money but we can do our best to make sure people don't go down the wrong path. It's always advisable to gamble with what you can afford to lose, people just take this as a regular statement but it's actually very important.

[Sim_card]

You could phrase the title better so it doesn't become confusing.

Back to the topic, this is another example of just practice what you preach in silence and let them decide if they want to follow what you do. Personally, I don't think we should be telling other people what to do with their money. We may see them gamble but who knows if they have a hustle that we do not know about. It's possible that the money they are using comes from passive income.

~ but yet we kept preaching the word "gamble with what you can afford to lose"

If the money they are using to comes from a passive income doesn't change the fact that it can cripple their finances remember money isn't unlimited, instead of throwing all those money away in gambling you can do something lucrative, it's True that it's not our role to tell others how to spend or utilise their money but we can do our best to make sure people don't go down the wrong path. It's always advisable to gamble with what you can afford to lose, people just take this as a regular statement but it's actually very important.

One of the advantages of gambling with an amount that you can afford to lose is that it helps you to control your emotions and limit your losses. If you gamble with big amount of money, it will make you to chase your losses and you will end up losing more. Gambling with big amount that you cannot afford to lose means that gambler is gambling for profits and might end up being addicted.

[Thyplaymaker]

I am also not in support of that statement because no money in someone hand is meant to loss but to multiply. Now another question will also come from my side, which of the money is afford to loss? And using $1 or $100 to invest does not make sense and there is no investment platform that accept that amount of money. The minimum amount in some platforms to invest is $3+ and that is also depends on the country exchange with dollar rate.

Everybody are not the same , so everyone have what they can risk , their some people that the amount of money they can risk will be around the range of $100 while some are around the range of $3 , so everyone ain't the same but still is always good to make use of what you can afford so that whenever one loss in a gamble section he or she can easily move on without mush stress compare to those that gamble recklessly, without any risk management.

[Rruchi man]

Put this in places that if you keep those money into investment do you know how much you would gain by the end of the month or year without even you making such profits while gambling but yet we kept preaching the word "gamble with what you can afford to lose" why not some people use that same money to go into bitcoin investment or any other investment that could help their lives rather than wasting them into gambling and even secure a better winning themselves.

Many people want to make money, but not everyone is willing to go through the route of investing. There are people who have wrongly considered gambling as a means to money instead of considering investing. Gamble with what you can afford to lose because it is expected you gamble for fun, not fully with the intention to make money from it that you choose it over investment. A major reason people cannot fight the temptation to gamble as a source of income is because of the margin of profit that can be made with a good gambling result. A lot of people have put this in front of their consideration without considering the amount of money they are losing in the process.

[SmartGold01]

Put this in places that if you keep those money into investment do you know how much you would gain by the end of the month or year without even you making such profits while gambling but yet we kept preaching the word "gamble with what you can afford to lose" why not some people use that same money to go into bitcoin investment or any other investment that could help their lives rather than wasting them into gambling and even secure a better winning themselves.

Many people want to make money, but not everyone is willing to go through the route of investing. There are people who have wrongly considered gambling as a means to money instead of considering investing. Gamble with what you can afford to lose because it is expected you gamble for fun, not fully with the intention to make money from it that you choose it over investment. A major reason people cannot fight the temptation to gamble as a source of income is because of the margin of profit that can be made with a good gambling result. A lot of people have put this in front of their consideration without considering the amount of money they are losing in the process.

Many people today have been on notion that gambling with what they can afford and also gambling to catch fun. Well to me I will still say that is not true because out of 99.9 percent of people who are gambling they gamble for profits and to double their money they wouldn't come openly to say they are gambling to double their money instead they would just have that saying that they are gambling for fun while indepthly we know they are solely gambling for profiting.

[DragonF]

Put this in places that if you keep those money into investment do you know how much you would gain by the end of the month or year without even you making such profits while gambling but yet we kept preaching the word "gamble with what you can afford to lose" why not some people use that same money to go into bitcoin investment or any other investment that could help their lives rather than wasting them into gambling and even secure a better winning themselves.

It is imperative to understand that the majority of people who gamble, particularly in Nigeria, are poor, and they do so because they see gambling as a source of wealth. The majority of them will tell you that gambling is an investment, and the bet slip is a receipt for that investment. If you are lucky, the bet slip turns into a cheque, and you can walk into the bet shop, which is similar to a bank, show the cashier your cheque (bet slip), and claim your winning. The majority of gamblers think like this.

On second thought, the amount of money most of them use for gambling is such that it cannot be used for any meaningful investment, and if you decide to save the money, it will take a very long time to have a meaningful savings, and I bet you that even if such gamblers decide to save, because they do not have a good job, they will definitely use that savings to solve problems before it matures for investment. This has been the challenge for some who attempted to save.

For example, in gambling, you can use 200 Naira to place a bet and hope for a return, and if you place such an amount on five tickets, the total will be 1,000 Naira. Now, in our current reality in Nigeria, what investment can such a person make with 1,000 naira? Or is it possible to invest 1,000 Naira in Bitcoin? It cannot be done. Sadly, that 1,000 Naira is not even equivalent to a dollar.

[Rubel007]

To avoid gambling addiction, the gambler must try on his own. Especially he needs set gambling limitation. It is normal to become addicted to excessive gambling. If a gambler realizes on his own that gambling saves the amount of money he spends, he can become the owner of a large fortune after a long time. We all know this fact but still we keep gambling.

Gambling is not an addiction for everyone. There are many gamblers who give their pleasure the highest priority. Moreover, everyone's thoughts will never be the same. Some will gamble hoping to get quick money from gambling while there are many who are more prepared to invest. If there is luck in gambling then there is a possibility to gain money quickly and on the contrary one can also lose money. Entertainment and money are two different things. In this case it is advisable for the gambler to conduct controlled gambling.

[SmartGold01]

Put this in places that if you keep those money into investment do you know how much you would gain by the end of the month or year without even you making such profits while gambling but yet we kept preaching the word "gamble with what you can afford to lose" why not some people use that same money to go into bitcoin investment or any other investment that could help their lives rather than wasting them into gambling and even secure a better winning themselves.

It is imperative to understand that the majority of people who gamble, particularly in Nigeria, are poor, and they do so because they see gambling as a source of wealth. The majority of them will tell you that gambling is an investment, and the bet slip is a receipt for that investment. If you are lucky, the bet slip turns into a cheque, and you can walk into the bet shop, which is similar to a bank, show the cashier your cheque (bet slip), and claim your winning. The majority of gamblers think like this.

On second thought, the amount of money most of them use for gambling is such that it cannot be used for any meaningful investment, and if you decide to save the money, it will take a very long time to have a meaningful savings, and I bet you that even if such gamblers decide to save, because they do not have a good job, they will definitely use that savings to solve problems before it matures for investment. This has been the challenge for some who attempted to save.

For example, in gambling, you can use 200 Naira to place a bet and hope for a return, and if you place such an amount on five tickets, the total will be 1,000 Naira. Now, in our current reality in Nigeria, what investment can such a person make with 1,000 naira? Or is it possible to invest 1,000 Naira in Bitcoin? It cannot be done. Sadly, that 1,000 Naira is not even equivalent to a dollar.

A tree doesn't make a forest neither did a drop of make an ocean.
What happened is the consistency you applied as a gambler, meaning if you had in plans of wagering a total amount of 1k Naira as you said for today or within the week you can end up saving upto 7k per week going by every day 1k, and if you check it for a month you would see that you are having not less than 28k and this is someone salary in our country then when you compute it to year you would see that this money here can actually pay your rent or something much more better. So what are you saying here?

The thing is we always takes things very lightly and so common that is why many people put their hope to gambling and of course then I was solely depending on gambling even till now, because we I know the implications of hoping and relying on gambling because it would cause more than the good you benefits from it. Although we can also say that it changes man's life at anytime but this has been the major reason why people are getting addicted at a constant levels.

[Ricardo11]

To avoid gambling addiction, the gambler must try on his own. Especially he needs set gambling limitation. It is normal to become addicted to excessive gambling. If a gambler realizes on his own that gambling saves the amount of money he spends, he can become the owner of a large fortune after a long time. We all know this fact but still we keep gambling.

Gambling is not an addiction for everyone. There are many gamblers who give their pleasure the highest priority. Moreover, everyone's thoughts will never be the same. Some will gamble hoping to get quick money from gambling while there are many who are more prepared to invest. If there is luck in gambling then there is a possibility to gain money quickly and on the contrary one can also lose money. Entertainment and money are two different things. In this case it is advisable for the gambler to conduct controlled gambling.

If a gambler does not have a certain limit on gambling, it is more likely to develop a dangerous addiction for him. Excessive gambling damages a gambler financially and emotionally. Always remember that gambling is governed by luck so relying on luck all the time is dangerous. Gambling results are always unpredictable so gambling should be done only as a means of entertainment and gambling within a certain range between a stable, controlled gambling always gives good results and helps to maintain financial stability.

[Promocodeudo]

It's actually about which point of view one takes. For entrepreneurs and business people or workers who have a large income and they have stress on their minds due to work pressure. So in this case many of them go to gambling places not to make money but to relieve stress from their minds and they need fun. So many people also say that gambling is just for fun. But from another point of view, those who are always addicted to gambling are those who think that gambling can bring big profits and make them suddenly rich. And this is what must be avoided. because gambling is not to make a profit but only for fun. So the points of view here are different.

I don't agree to this, I don't believe that gambling is for fun because money is at stake so i don't belive that someone will bet for fun what if the person loses the money will it still be regarded as fun, no matter how rich an individual is, no one will like to lose money for fun irrespective of the amount, though they might not say it out but in actuall sense losing money is painful, though i know that many rich people dont allow gambling to control them but as for gambling for fun it's not making sense to me, yea having the mindset of gambling as an avenue to get rich fast is an unrealistic goal, this has been the reason for many gamblers to keep chasing loss believing that they will get rich someday not knowing that they are swimming in addiction, to me there is no fun in gambling, the only time a gambler have fun is when he or she win.

[|MINER|]

I think most people who ignore the fact that you gamble the amount of funds you can afford to lose end up in a very bad situation.And those who follow this and play their gambles accordingly will not end up in a bad situation if athlete gambling is not profitable at the end of the day.
I can't confirm that gambling the amount you can afford to lose will give you a good return because gambling is entirely down to luck, and it may happen that you regularly gamble within your affordable limit and lose repeatedly.  You may have hit the jackpot.  It really depends entirely on luck, I don't want to give any extra opinion here but definitely gambling should be followed by this rule.

[libert19]

Some people gamble for emotions, and they don't really give two cents about 'returns' that they would think about putting their gambling money elsewhere for investment purposes.

I honestly don't get why so many people are always on about saving/investment as if it's all they live for.