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What is considered too excessive betting/gambling?

Discussion in 'General Discussion' started by Bassmansam, Mar 30, 2017.

  1. robfosters

    Caporegime

    Joined: Dec 1, 2010

    Posts: 29,042

    Location: Welling, London

    Regret. That is the number one rule with gambling.

    Once you regret the money you've lost, that's it, it's too much. Gambling is a pastime. Win or lose, it should be fun and not impact your life.
     
  2. asim18

    Capodecina

    Joined: Dec 5, 2006

    Posts: 15,410


    If I were a "risk assessor" and saw someone had been gambling a fixed amount every month for the past 10 years I'd immediately think this guy is highly disciplined and has good self control. Gambling should always be considered entertainment, never a way of making money, and if you have a fixed budget for "entertainment" out of every wage then there's nothing wrong with that.

    But yeah if someone's losing their "budget" month after month they should probably consider finding another form of entertainment. Unless they believe it's a form of making money.
     
  3. Pawnless Endgame

    Capodecina

    Joined: May 10, 2004

    Posts: 10,340

    Location: Sunny Stafford

    OP, what sort of gambling do you do?

    If it's something like fruit machines, poker or bingo, then that's not too bad. It's roulette that you have to stay away from. They regard the Devil Wheel as being the crack cocaine of gambling!
     
  4. Bassmansam

    Wise Guy

    Joined: Nov 22, 2007

    Posts: 2,322

    Football bets.
     
  5. Vonhelmet

    Caporegime

    Joined: Jun 28, 2005

    Posts: 48,116

    Location: On the hoods

    I'll bet plenty of people spend a decent amount on the lottery and scratch cards and the like, which might not show up so clearly on a bank statement.
     
  6. booyaka

    Capodecina

    Joined: Jan 19, 2006

    Posts: 12,431

    saying that - I bet most people spend £50 on a night out a week - therefore drink £2500 a year so in effect it's the same thing.

    I doubt they will bother with £50 a week - they are looking for your average cash balance, do you go into your overdraft, any loan payments etc - they won't bother that you pay £50 a week to skybet etc - you could have a balance of £3k in skybet but they won't know.
     
  7. Tuppy_Glossop

    Mobster

    Joined: Feb 15, 2012

    Posts: 2,554

    Location: 2

    £50 a week is only a problem if you can't afford it.
     
  8. Big Spender

    Wise Guy

    Joined: Oct 31, 2004

    Posts: 2,317

    I have recently got into matched betting. I've got a 2nd bank account I don't use to put £100 into there at the start and that was it. Not had to deposit any more money out of my own pocket as i just keep recycling the winnings from the matched betting
     
  9. Ayahuasca

    Capodecina

    Joined: Apr 23, 2014

    Posts: 18,669

    Location: County Durham

    I was fine when I applied with 1.5k deposits to William Hill.
     
  10. antijoke

    Caporegime

    Joined: Jan 28, 2003

    Posts: 37,524

    Location: Stratford-Upon-Avon

    When you can't even sit down for a cheeky Nandos without hopping into an app to place a few bets.
     
  11. Semple

    Soldato

    Joined: Mar 5, 2010

    Posts: 5,193

    I regret losing a £5 bet on the grand national. Thankfully it's one thing that steers me completely away from gambling. I suspect most people rarely break even, so the thought of losing money just by chance puts me off. Granted one day you might have a bit of luck and make a considerable win.

    But it's at what point you stop, they say lightning doesn't strike twice in the same place, so chances of winning again are going to be slim.
     
  12. Bassmansam

    Wise Guy

    Joined: Nov 22, 2007

    Posts: 2,322

    Betting on one horse to bet when there are 30+ options, no surprise you lost lol.
     
  13. Zethor

    Mobster

    Joined: Nov 13, 2013

    Posts: 4,294

    Any amount of gambling is excessive, you always lose when you go against mathematics.
     
  14. dowie

    Caporegime

    Joined: Jan 29, 2008

    Posts: 39,105

    Your second statement doesn't justify the first - what about gambling when the odds are in your favour?
     
  15. Zethor

    Mobster

    Joined: Nov 13, 2013

    Posts: 4,294

    Such as?
     
  16. dowie

    Caporegime

    Joined: Jan 29, 2008

    Posts: 39,105

    What do you mean? Are you asking where some people might get a positive expectation when gambling?

    Poker, blackjack, sports betting and financial bets are some examples
     
    Last edited: Mar 31, 2017
  17. Big Spender

    Wise Guy

    Joined: Oct 31, 2004

    Posts: 2,317

    look up matched betting.
     
  18. dowie

    Caporegime

    Joined: Jan 29, 2008

    Posts: 39,105

    why?
     
  19. terley

    Wise Guy

    Joined: Feb 3, 2010

    Posts: 2,262

    I'd say anything more than a few quid here or there unless you are planning on losing money is too much.

    I.e. when i went to vegas, i took £700 that i had every notion that i was happy losing.
     
  20. Zethor

    Mobster

    Joined: Nov 13, 2013

    Posts: 4,294

    Depends on how you define gambling but generally speaking, if the odds are in your favour I consider it an investment with a certain risk factor, rather than gambling. In a casino, the house is not considered a gambler, the player is because the odds are in the house's favour.