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Quote from: Tmoonz on March 05, 2024, 05:40:42 PM

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

Well said.
If a person plays only when he wants, then this is normal and correct behavior. If a person plays when he doesn’t want to or makes a bet that he doesn’t believe in but hopes to win, then this is already a bad signal.
It is also worth noting that at first a person enjoys the game, but then the game begins to captivate him and he starts playing because he needs to win back the lost money, but, unfortunately, this entails further losses

We should always be conscious of the way we gamble whether we play when we don't have to play or when we don't have the interest or was forced to do so, we need to make sure that we don't chase losses. If such kind of behavior is continued, it would have not effect on our and we might not like the outcome. This is why we need to be very prepared whenever we want to gamble. That will help us to stay focused and not gamble anyhow to the extent it will create loses for us. It is very important we avoid any rush or something that will keep telling us to keep gambling even when we are losing big in the market.

Prepared both mentally and financially, I guess there's always a balance that you should have when you enter this industry, without proper balance you'll find yourself keeps chasing for your losses, and instead of recovering it back you'll always lose more, most of those who exceedingly gambles ruined their lives as they are unable to balance their time and their money pushing them into an addiction that makes them broke.

It's very important to have that mental capabilities to make proper adjustments in times that you making your way betting around, it's your decision to make that matters.

I love the balance remark you mentioned, but one can have that balance only if they are fully prepared for gambling. This is only possible when they have the right gambling system, budget/management and psychology prior to starting gambling in the first place, and these qualities/know-how will be the guide of the gambler to know when to gamble and when not gamble, unlike the way people make it looks like a compulsion to have a stop at a certain point. The issue with most gamblers is that they gamble anyhow, that's why the results are also anyhow, and more reason why a random person can issue random advice, but I do not buy such an idea.

See, I am not a fan of telling a gambler not to gamble more to avoid more losses, what if the gambler would win his Jackpot in the next gamble? No one can tell this, we are just assuming and trying our luck. As much as no one can know the time to lose as well, no one can know the time to win too, but people like to instil fear in gamblers which I do not like.

My advice is that gamblers should continue to gamble as they like but have a viable plan and management towards it, which of course will enforce responsible gambling rather than following random advice.