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[alrelax]

Risks and Responsibilities

You know, those of us that are gamblers, no matter once a week, a couple times a month or every day.  Doesn't matter.  But you risks and responsibilities are the same.  Won't change.  The only thing that changes is the way you abide by them or pay for them!  IMO. 

I have lots of acquaintances that do gamble and some friends that do was well.  I learned a lot from them as to the way their gambling makes them or forces them or change the way they do things.  And, that is exactly what I credit with the way I handle my finances. 

I have posted numerous times about when I win at the casino, I run out 15 miles down the highway to the closest town and pay bills, buy my kids' stuff, stock up on necessitates and put money on debit cards, etc., etc., etc.  Then I add a tad bit to my buy-in and attempt again, etc.  But to sit there and play longer and bigger will eat you up and eat you up fast, hard and most of the time without your knowledge.  I see it all the time.  I avoid it most of the time, almost 100% of the time—almost. 

Back to the point.  Your risks and responsibilities are the same, whether you win---or lose, the stay the same.  You still have to pay your rent or mortgage, your lights, your gas, your cable and wireless, your auto insurance, life insurance and health insurance premiums, etc.  Yours till have to pay for food, clothes and your kids school supplies and trips.  The list is long.  The list does not change.  I am not talking about buying 'gravy items' with win money, the extras and gifts, etc., I am talking about your basic $3,000.00 to $5,000.00 a month average monthly nut.  Winning or losing has no effect on the bills or their amounts. 

If you don't play at the casino, you still have the same ones for the same amounts.  If you do play at the casino, you still have those exact same ones for the exact same amounts. 

So why not get the sleep you need, eat right, be in the correct 'frame-of-mind', have great vision and what I always say, 'reset and refresh' after every session, shoe or great section of the card, etc.?

This is why I run down the highway those 15 miles and for 5 things.  1)  Take care of my immediate or next month lump sum bills; 2) Buy my kids what they need and might desire; 3) Stock up on my necessitates if I need them or not; 4) Get money orders for other things I have to pay anyways; 5) whatever is left over goes into my buy-in for another repeated attempt later in the night or even the next day.  In that order.

So the few times I might lose my buy-in, I far outnumber those times (by far and I mean huge) that my wins made it all worthwhile.  There is nothing worse than winning, playing with the hype and the increased and inflated guts-mind and private male parts, losing it all and then chasing it with all your other buy-ins that you should have been paying your bills with and your family's necessitates and other things for their normal existence you are responsible for. 

I have learned that winning $5,000.00 is basically easy, winning $50,000.00 or $500,000.00 is extremely hard and rare.  What I have learned how to do and perfected it, is taking the $3,000.00 or $5,000.00 or $7,000.00 and spending 50 to 70 % of it on the first 4 of the 5 things I mentioned above and then taking the remaining #5 thing and attempting another hit on the casino.  Boom, my magic that is really not magic after all, just common sense and doable. 

I watch those other people every week win money and then become devastated beyond losing their tiny little trivial buy-in that they risked in the beginning. 

[21 Aces]

Yes.  Once of the foundations of risk ventures is the strategy to more gains into less risky assets.  And it pays for many to put hard techniques in place to reinforce this.

Option A:
Player with $100 unit size wins $10,000 over several sessions, and steps up unit size only to lose all the gains back in subsequent session(s).

Option B:
Player with $100 unit size wins $10,000 over several sessions, and takes the gains and puts them into a range of the things you mentioned.

[alrelax]

Yes.  Once of the foundations of risk ventures is the strategy to more gains into less risky assets.  And it pays for many to put hard techniques in place to reinforce this.

Option A:
Player with $100 unit size wins $10,000 over several sessions, and steps up unit size only to lose all the gains back in subsequent session(s).

Option B:
Player with $100 unit size wins $10,000 over several sessions, and takes the gains and puts them into a range of the things you mentioned.

'A' pertain to the player's 'Levels and Plateaus' I have talked about, defined and explored and explained.  'A' is extremely dangerous, no in fact--super dangerous.  Most of the time, IMO and in my experience--they will cause the player to implode, explode and everything related to those things.  But---all fine and good, sit there and play and play and play or sit there and play and take it all and go up a level like you outlined.  When you do stop and retreat to stay at a certain level or plateau......................................I know the answer, I have the answer I have posted the answer......................................

'B' works and cannot be taking away from you, not unless you give it back.  'B' has numerous times better reinforcement if you realize the 'section' and 'windows' of wins and advantages to gambling than 'A' does. 

All in 'fame-of-mind' and basically IMO, boils down to how long they have been gambling.

I see 'A' almost every single time I play, and I also see 'A' fail before leave the casino that night.