Beware of these two adversaries in the world of gambling.

Prasanth3

"Lately, I've been asking myself why I'm so fond of gambling. The truth is, being drawn to gambling is a result of familiarity; it has become a part of life, much like smoking.

When I initially started, I put in a lot of effort to learn various strategies in gambling until I found my own rhythm and stability. (The challenges I've faced along this journey are known only to me.) Recently, I've also gathered some insights that I want to share with friends who are into gambling. Let me first address the two major adversaries in the world of gambling.

First, greed.
When many people start gambling, they set goals like winning $1000 and then quitting. However, when they actually win $1000, how many actually stop? Despite reaching their goal, some might find it seems easy to win a bit more – this is what we call greed. We must remember that if we're not careful, greed can drag us into an endless abyss. (Gamblers are often born from this!) Remember, gambling is a realm where prolonged betting inevitably leads to losses. The longer you play, the more the odds work against you, determined both by probability and the tendency of long-term players to lose clarity. Here's some advice I'd like to share: it's beneficial to set stop-loss levels before entering the fray. Once you reach your pre-set value, you must leave immediately and stick to the rules you've set for yourself. Regarding the placement of stop-loss and take-profit levels, each person's situation is unique. You can set them according to your habits. Here's how I've set mine: Stop-loss: No defined limit – I play until I lose it all. Preparing yourself to be comfortable with losing everything is key. If you intend to set a stop-loss level, you might as well deposit less. Take-profit: Double the initial capital and exit. This approach has its advantages: doubling the initial capital equals the expected value of going broke. If, over time, the number of victories exceeds the losses, you'll come out ahead.

Second, impatience.
This mainly manifests in two aspects. Firstly, impatience when thinking about gambling. During work, you constantly think about gambling, frequently checking your phone to see what's happening on forums or if there are any promotions. I've previously read an article about the highest level of gambling: having gambling in hand but not in your heart. Achieving this might be difficult, but it's worth striving for! The way I understand it is that if you have gambling in your hand, it means you're always engaged in it. Regardless of the purpose, if you're making money from gambling, you're getting closer to being a gambler. The highest level is having no gambling in your heart – meaning you can set gambling aside from the depths of your heart, not getting angry or elated due to it. You're not becoming obsessed with gambling. You treat it as a small part of life. The second aspect of impatience is during gambling itself. The most prominent manifestation is when losing money. This is the ultimate test for a gambler. Impatient people often resort to high-stakes, all-in bets. This behavior is detrimental. My conclusion is: having proper leisure activities is great, but overindulgence isn't. These external factors shouldn't consume you too much!"

Ranininini

Eliminating these two adversaries would pave the way to the path of enlightenment~

Janak9955

Today, I was defeated by these two adversaries.

shubham

Indeed, greed is undesirable; it must be kept under control.

gautam

Patience is essential; without it, you won't be able to seize opportunities.

dharmendar

One's self is the biggest enemy, a tough opponent to defeat, haha.

sourav

If people weren't greedy, they wouldn't engage in gambling.