Quote from: hd49728 on Today at 09:10:27 AM

Quote from: pusaka on Today at 08:25:16 AM

Winning is something every gambler desires; no gambler comes with the intention of losing. However, for gamblers who understand how gambling works, enjoyment is what they seek, even though winning will certainly make us twice as happy.

Here, we must be able to manage our finances well, because without it, even though we aim to have fun, sometimes emotional impulses of dissatisfaction with the game will arise and push us to reconsider making a deposit after losing.

It's not limited to gambling but in everything in life. We all want to become richer, get more money rather than losing our money in any activities especially ones that begin with profit-oriented motivation.

There is another important similarity, manage risk and protect initial capital which are vital for us. If we can defend our initial capital, we are well even we don't get any profit at all. We can spend time, effort but fail to get profit eventually, however it is still good if we don't lose any cent after all or just lost very minor part of our initial capital.

Bets are risky and easily to lose money, hence it is more important for gamblers to pay attention on making gambling plans carefully and very detailed from which they can simultaneously manage risk, capital and be as most disciplined as possible in order to protect initial capital. Defending capital in gambling is harder than in investment or trading as you have no stop loss order here, no market recovery here, if you bet and lost your bet, your money gone forever.

Yes, this isn't limited to gambling; it applies to everything in life. But I'm specifically talking about gambling because we're talking about that.

We might even be unaware that when we always give in to our desires, even if they aren't basic needs, we're getting into the wrong situation. In life, there are three needs: primary, secondary, and tertiary. Tertiary needs are the last things that can be fulfilled, but excessive amounts are also not good. We must be able to measure our abilities when wanting something, as long as it's not a basic need.