Gamling as a entertainment

[summonerrk]

The skill of betting is not to win, it is to stay away from losses as best as possible percentage-wise.

The act of responsible gambling does not consist in making a win as much as possible, but in avoiding loses as much as possible. In this way, people maintain their capital, make considerably wiser decisions, and distinguish between decision-making based on their emotions and rational thinking. This way of thinking does not only pertain to betting but can be seen in investing, business, and even decisions made in day to day life. Through encouraging the prevention of loss, people are likely to cultivate a wiser and more sustainable strategy, which they thus are likely to reap the benefits of in the future. So gamblers should at all time try as much as possible to prioritize avoiding losses in gambling over making wins.

Very interesting and unusual view on the topic of strategy in gambling. I have heard something similar from many traders, and these words seem damn logical. But unfortunately, none of them could fully control themselves so much that they did not want to win more. Greed is a strong quality.

[LUCKMCFLY]

Most definitely.
Realizing and acknowledging the possibility of losses when gambling will help the gambler set more realistic goals for himself when gambling. Thus, it's important for every gambler to come to the realization of the fact that as much as tgere are chances of winning, so are there chances of losing and the odds of winning are always way slimmer than that of losing and the chances of losing are always bigger than that of winning, and this is because gambling is an activity designed for the odds to always be in favour of the house more than the players, which makes it really hard for gamblers to win constantly in gambling, the knowledge of this aids the gambler to set more realistic goals when going into gambling, thereby adjusting his risk tolerance level to a more logical position.

If we start from the fact that to do things better we have to know that the game is just that , a game that represents a business and at the same time it is a company where they basically have to have their good profits , there is no other way , for that Reason it is that playing and winning or losing are Options that are taken normally , where winning should be Taken advantage of by withdrawing, and playing only with the initial capital , that is what we always Recommend , so that emotions do not have their effects on us , which are usually negative effects.

[SamReomo]

I have heard something similar from many traders, and these words seem damn logical. But unfortunately, none of them could fully control themselves so much that they did not want to win more. Greed is a strong quality.

Yes, that's true, traders also suggest such things and there are few who also act on it and they are the ones making money from trading. A good trader often tries to minimize his/her losses and increase the profits and such traders can control their emotions when market faces a crash.

On the other hand gamblers who lose money often do the inverse by letting their emotions control them and in that case instead of making profits they end up losing everything because of the influence of emotions like greed.

[LUCKMCFLY]

On the other hand gamblers who lose money often do the inverse by letting their emotions control them and in that case instead of making profits they end up losing everything because of the influence of emotions like greed.

You're right and that usually happens, I've always seen that players when they are trying to make a difference and have profits they turn into total losses, because they are not able to withdraw their money, and it's like you say, greed wins, and we must control that, otherwise we will never learn the real lessons, that has happened to me and I think it has happened to many players, it is not something that has to be condemned or anything, but if it happens once, you must learn so that it does not happen again.

[Dr.Bitcoin_Strange]

The skill of betting is not to win, it is to stay away from losses as best as possible percentage-wise.

The act of responsible gambling does not consist in making a win as much as possible, but in avoiding loses as much as possible. In this way, people maintain their capital, make considerably wiser decisions, and distinguish between decision-making based on their emotions and rational thinking. This way of thinking does not only pertain to betting but can be seen in investing, business, and even decisions made in day to day life. Through encouraging the prevention of loss, people are likely to cultivate a wiser and more sustainable strategy, which they thus are likely to reap the benefits of in the future. So gamblers should at all time try as much as possible to prioritize avoiding losses in gambling over making wins.

Very interesting and unusual view on the topic of strategy in gambling. I have heard something similar from many traders, and these words seem damn logical. But unfortunately, none of them could fully control themselves so much that they did not want to win more. Greed is a strong quality.

At one point or the other in a gambler's or a trader's life, greed will always set in, and it's inevitably beyond our control, but what's within our control is how we choose to embrace these feelings and our reactions towards them, the fact that greed sets in and a gambler suddenly feels the need to multiply his wins, doesn't mean that he should completely forsake all logical thinking and flow with the tide. Yes the presence of greed is inevitable but choosing to allow it gets through to us is completely a choice. I say this because, no matter how much urge a gambler may have to increase his wins or chances of winning, if he really understands the purpose for gambling and the reason why we go into gambling, he'll never get caught up in the gambler's loop of trying to always maximize profit and setting unrealistic goals on the process.

[famososMuertos]

The skill of betting is not to win, it is to stay away from losses as best as possible percentage-wise.

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Absolutely, winning is the end of the road, but the thing is that perhaps we are divided between casinos for traditional games, sports betting and poker (in my case, others like BJ)

These are elements where recovering losses differ from one another, and winning is also different, but regardless of our opinions on whether they coincide or not, I think it is very good to talk about losses and gains and how we deal with them with third parties, in this case you two. Your comments have been interesting.

[SamReomo]

~Snip~

Yes, it's better learn from our own mistakes and stop repeating those mistakes again and again especially when it comes to gambling and money.

I have personally made many losses after winning many bets and when I was new to trading I used to lose money in search of making more money.

Greed is our worst enemy and I believe we should somehow learn to control it rather than letting it to control us.

[Dr.Bitcoin_Strange]

The skill of betting is not to win, it is to stay away from losses as best as possible percentage-wise.

:::///:::

::://:::

::://:::

Absolutely, winning is the end of the road, but the thing is that perhaps we are divided between casinos for traditional games, sports betting and poker (in my case, others like BJ)

These are elements where recovering losses differ from one another, and winning is also different, but regardless of our opinions on whether they coincide or not, I think it is very good to talk about losses and gains and how we deal with them with third parties, in this case you two. Your comments have been interesting.

You're absolutely correct.
Different people has different approaches and ways in which they react and respond to wins, as well as losses, and I think that's actually what makes the whole thing kinda interesting because when we have these different approaches and responses and then share these experiences with others, it'll be easier for people to learn and possibly device a better approach and strategies with the facts gathered from the experiences, this can help to tailor out a much preferable strategy which could really be helpful to mitigate the risk of losses and also increase one's chances to maximize profit.
It also helps us to conduct a quick check on our current approach and strategies, then know how best to make some modification and also refine the strategies I'm order to make them more effective and to produce more result.

[Rubel007]

The skill of betting is not to win, it is to stay away from losses as best as possible percentage-wise.

The act of responsible gambling does not consist in making a win as much as possible, but in avoiding loses as much as possible. In this way, people maintain their capital, make considerably wiser decisions, and distinguish between decision-making based on their emotions and rational thinking. This way of thinking does not only pertain to betting but can be seen in investing, business, and even decisions made in day to day life. Through encouraging the prevention of loss, people are likely to cultivate a wiser and more sustainable strategy, which they thus are likely to reap the benefits of in the future. So gamblers should at all time try as much as possible to prioritize avoiding losses in gambling over making wins.

Very interesting and unusual view on the topic of strategy in gambling. I have heard something similar from many traders, and these words seem damn logical. But unfortunately, none of them could fully control themselves so much that they did not want to win more. Greed is a strong quality.

In some cases the effects of gambling affect a gambler in such a way that he fails to take the right decision despite knowing good gambling knowledge, gambler loses control over himself. It's hard to say that gambling won't have greed at work, but while some are able to control the level of greed, many are failed. Winning or losing in gambling will be enjoyable if someone can keep the level of greed in control.

[milewilda]

The skill of betting is not to win, it is to stay away from losses as best as possible percentage-wise.

:::///:::

::://:::

::://:::

Absolutely, winning is the end of the road, but the thing is that perhaps we are divided between casinos for traditional games, sports betting and poker (in my case, others like BJ)

These are elements where recovering losses differ from one another, and winning is also different, but regardless of our opinions on whether they coincide or not, I think it is very good to talk about losses and gains and how we deal with them with third parties, in this case you two. Your comments have been interesting.

You're absolutely correct.
Different people has different approaches and ways in which they react and respond to wins, as well as losses, and I think that's actually what makes the whole thing kinda interesting because when we have these different approaches and responses and then share these experiences with others, it'll be easier for people to learn and possibly device a better approach and strategies with the facts gathered from the experiences, this can help to tailor out a much preferable strategy which could really be helpful to mitigate the risk of losses and also increase one's chances to maximize profit.
It also helps us to conduct a quick check on our current approach and strategies, then know how best to make some modification and also refine the strategies I'm order to make them more effective and to produce more result.

On the time or moment that we do play gambling then the primary target or goals that we do have in mind is on how to make a winning on which this would really be your main priority on the time that you do play gambling. On the time or moment that  you havent been able to experience out on the things that you wanted then it would really be bringing out that kind of disappointment on which we know that it will really be that normal for a certain gambler that would really be able to feel on. It is really that important that you should really know on what you are doing
and on the time that  you are losing then stopping or having that control would really be something that its recommended.

[ajiz138]

On the time or moment that we do play gambling then the primary target or goals that we do have in mind is on how to make a winning on which this would really be your main priority on the time that you do play gambling. On the time or moment that  you havent been able to experience out on the things that you wanted then it would really be bringing out that kind of disappointment on which we know that it will really be that normal for a certain gambler that would really be able to feel on. It is really that important that you should really know on what you are doing
and on the time that  you are losing then stopping or having that control would really be something that its recommended.

Yes, I think everyone feels that, even though they say they gamble for fun, they still have a desire to win in gambling. This is what I feel, I gamble for fun but it cannot be denied that I also hope to win.

It will come back to ourselves, because if feelings like that manage to control us, then we will gamble uncontrollably, therefore we must try as much as possible to control ourselves from feelings that lead us to bad situations.

[Ricardo11]

On the time or moment that we do play gambling then the primary target or goals that we do have in mind is on how to make a winning on which this would really be your main priority on the time that you do play gambling. On the time or moment that  you havent been able to experience out on the things that you wanted then it would really be bringing out that kind of disappointment on which we know that it will really be that normal for a certain gambler that would really be able to feel on. It is really that important that you should really know on what you are doing
and on the time that  you are losing then stopping or having that control would really be something that its recommended.

Yes, I think everyone feels that, even though they say they gamble for fun, they still have a desire to win in gambling. This is what I feel, I gamble for fun but it cannot be denied that I also hope to win.

It will come back to ourselves, because if feelings like that manage to control us, then we will gamble uncontrollably, therefore we must try as much as possible to control ourselves from feelings that lead us to bad situations.

Everyone gambles with the hope of winning. No matter what anyone says, he gambles just for fun, he gambles 90% hoping to win, and 10% for fun. Gambling hoping to win every day, I also hope to win many times in gambling. But when I expect to win a lot, I lose.

So we really have to keep our emotions under control, otherwise I just lose.

[LUCKMCFLY]

I have come across some gamblers who think of casinos as a small source of income. But they didn't realize the real fact that casino cannot be a source of income. They are so happy because of some wins and they will get more wins from here and at some point the money from those wins will add to their income which is never possible. Thinking of the casino beyond just entertainment will increase the losing rate significantly.

Players who say or claim such a thing, for me it is that at that moment they have had good luck and have been winning, but I am sure that when their luck runs out, well that is where they will get that hard blow of reality, the one that wakes anyone up from the dream or that cloud they are in, therefore every time we see a casino, the first thing we have to think about is how much money we are willing to lose there, because by thinking like this psychologically the player will no longer have pressure and that is something that can be taken advantage of.

[Dr.Bitcoin_Strange]

On the time or moment that we do play gambling then the primary target or goals that we do have in mind is on how to make a winning on which this would really be your main priority on the time that you do play gambling. On the time or moment that  you havent been able to experience out on the things that you wanted then it would really be bringing out that kind of disappointment on which we know that it will really be that normal for a certain gambler that would really be able to feel on. It is really that important that you should really know on what you are doing
and on the time that  you are losing then stopping or having that control would really be something that its recommended.

Yes, I think everyone feels that, even though they say they gamble for fun, they still have a desire to win in gambling. This is what I feel, I gamble for fun but it cannot be denied that I also hope to win.

Hoping to win while gambling isn't a total wrong thing to do, no one would the appreciate the idea of losing money every single time and day in gambling, even if the sole priority of a gambler should be to have fun while playing but that still doesn't change the fact that people would wanna win some more money even while having fun, which is of course quite understandable. But where it's wrong, would be when your desire to win becomes stronger than your desire to have fun because this may result to the gambler setting unrealistic goals that would make him end up with losses.
Prioritizing wins over fun can result into loss chasing and sometimes, win chasing because winning has suddenly become the goal and you'll see the gambler gradually becoming desperate to secure a win, which of course would involve him taking some risks that are not worth taking and would surely lead to financial losses.

[famososMuertos]

And that is the point of this thread itself, understanding it as entertainment can even lead you to have a blog (or, e.g. forum/user), where you simply feel comfortable commenting on your defeats and triumphs, and nothing more.