What if I only take $40 with me and I end up spending all $40, which I do quite frequently. I put $20 in a machine, and if I haven't won anything in $5, I quit that machine. If I don't win a good amount after $10, I leave that machine. Although I can play for 10 minutes or 1 1/2 hours on $40. Does common sense come into play? I can't quite figure out the stop/loss bit here, I am fairly new to this group and have been reading emails. Thank you all for your valuable info. Oh, I won $1,000 on a nickle machine, it was the second push for that machine for me.
Sue
Sue
Received: Thursday, April 9, 2009, 9:45 AM
--- In vpFREE@yahoogroups. com, "nightoftheiguana20 00" <nightoftheiguana20 00@...> wrote:
--- In vpFREE@yahoogroups. com, "johnnyzee48127" <greeklandjohnny@ > wrote:
> NOTI, so we went from stop loss is a mathematical reality to stop loss is a practical approach to gambling. In your last sentence you say that stop loss is always there. So every gambler uses stop loss ( since it is always there). So every gambler takes a practical approach to gambling?My point is that there are two approaches to gambling. You could set a stop loss limit before you start play and quit if you hit that limit. That's considered gambling in control. The other approach is to simply gamble and see how much it's possible to lose. That's considered irresponsible gambling. It makes no difference whether you think you have an advantage or not, if it's gambling there is always the chance of losing and always the very real chance that you have miscalculated your odds. The same concept applies to drinking alcohol, you could set a limit at two drinks, or you could drink until you think you've had enough.
http://casinowatch. org/studies_ research/ Mo%20Loss% 20Limit%20Addict ion%20.pdf
"It has been argued that the loss limit
is not effective at reducing or helping
compulsive gamblers and as such it should
be removed. However, the loss limit helps
to enforce the Missouri Disassociated
Persons List, reduce the speed at which
gamblers play the games, and limit the
amount of financial loss that families
experience as a result of gambling addiction."http://www.google. com/search? q="stop+loss+limit"
Wow, all you need to avoid the results of a gambling addiction is a stop loss limit? That's pretty naive.
I also didn't realize there are only 2 approaches to gambling. If there are only 2 approaches to gambling, then whatever doesn't fit into the first category belongs in the second category. So, if I don't set a stop loss limit, then I am just gambling to see how much I can lose?
In an earlier post, you said that stop loss limit is always present, either by a number I set or by the amount of money that I can access.
So, stop loss is always present but if I don't use it, I'm a degenerate gambler. Very confusing discussion. A good starting point might be what a stop loss limit is and how long does it last.
···
--- On Thu, 4/9/09, johnnyzee48127 <greeklandjohnny@aol.com> wrote:
From: johnnyzee48127 <greeklandjohnny@aol.com>
Subject: [vpFREE] Re: When do you decide that a machine just isn't gonna pop?
To: vpFREE@yahoogroups.com
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