Ninjastic
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Post
Topic
Board Gambling discussion
Re: Threshold of Loss in Gambling
by
Silberman
on 20/07/2022, 03:25:04 UTC
Quote from: serjent05 on July 17, 2022, 09:41:31 PM
Quote from: jrrsparkles on July 17, 2022, 03:32:47 PM
Quote from: Davidvictorson on July 12, 2022, 03:36:58 PM
Gambling is fun. And it doesn't matter whether you go to a land-based casino to bet or an online casino. When we bet, we celebrate our wins and count our losses. According to this study, the researchers found that gamblers are satisfied with small wins and will tolerate small losses but when they hit the threshold of loss, they will not play anymore.  I will attempt to define threshold of loss as regards gambling as the minimum intensity at which a gambler can no longer tolerate a loss.

My question is, can you remember a time when you reached your threshold of loss while gambling?
I just look at my bet history after few bets and also keep an eye on the wallet balance, if it reaches below 50% of my initial amount I had at the start then its the time to break, that is what I actually do while playing dice, slots or any other casino game and about sport betting just go with minimum amount with no expectations on rare occasion just to check my instinct is right or not.

I have a low tolerance when it comes to losses, so basically I always plan ahead. I always set my bankroll to the acceptable losses level and then play without worries. Since I am able to accept the losses that are the budget in my bankroll, I can enjoy the games and do anything without the worry of regretting them later.  I already learned my lesson a year ago when I get out of control during my gambling activity and pulled my crypto holdings which are around $1000 at that time to gamble and a week later it surge 10x.
A case like yours is in fact very common, after all it is not like we are perfect since we all make mistakes from time to time, so many times it takes a person to go through a series of mistakes which leads to them to losses that they were not expecting at the time, and while it is painful at that moment to suffer such losses at the same time many people grow from that experience and they learn how to keep themselves in check when they gamble, something that is invaluable as this lesson is not only useful when you gamble but in many other aspects of your life.