How Gamblers Raise and Lower the Bar on the Value of Money

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    Last post ago about 5 years by Lipstick
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    Lipstick

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        Lipstick

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        Hiya LCB'ers

        As a gambler i try to stay within my limits for spending and of course at times i do fail. But what i have come to realize how the value of money differs when i am in gambler mode.

        For example i won't dare cash out under $400. I mean pffffffffff at $350 or less (that's a darn right disgrace). Yet when i am not gambling $350 bucks is a lot of cash. If someone handed me that i would be thrilled to death or if i made an error in my bank account and discovered that kind of extra cash.

        And when i do lose after going over my gambling budget, suddenly i won't pay .69 per pound for bananas at the grocery store because its just too darn expensive! When i am not in gambling mode i don't even flinch about paying that price.

        Does the value of money differ for you when you are in gambler mode and non gambler mode?

        Lips
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        gabby

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        YES!  YES!  YES!

        I was reading about myself throughout your entire post.  

        The banana analogy was so spot on.
        I will be at Marshalls and see 2 cute tops, one for $22.99 and one almost as cute for $12.99... I take the $12.99 one but while gambling...drop another $25 without blinking.

        Have you ever spent $100 at the grocery store and as your unloading bags of groceries thought.... look at all this stuff and then think of the $100 spent for a few minutes of playtime and had nothing to show for it?  I do.
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        Lipstick

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        Yes i do gabby! And somewhere in the back of mind i think i will make up for what i blew at the casino by living frugal for the next couple weeks! No Starbucks coffee for me this week back to the coffee pot in my kitchen!

        Or how about the guilt we feel for spending it afterwards? I may know someone who is struggling while i'm pi$$ing away money or see a neighbor who is unemployed and may not have a turkey for Thanksgiving this year and here i am living it up!

        Lips
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        gabby

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        Yep.  

        Have you ever been ready to deposit and think.. should I deposit at Casino A or Casino B?  Hmmmm. I'll pick Casino A and lose in a second and think, darn, I bet I would have had much better luck at Casino B.
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        Lipstick

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        ........................uh huh. Sometimes there is a C and D Lmaooooooooooo!!
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        gabby

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        lipstick_xoxos wrote:

        ........................uh huh. Sometimes there is a C and D Lmaooooooooooo!!


        LOL
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        hymacaw

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        Wow...SPOT ON Lips!  You think just like me...or maybe it is I who think just like you...which means, we are gamblers:)  I go through these same analogies ALL the time and when I've done a pretty foolish thing such as not cash out at $500 when I think $1000 is better...and then lose it all, I really begin to see the value of a dollar.  I could have paid that off, or I could have bought this or done that....I am one of the worst offenders of this.  Thanks for making me think hard about my "habit".  If not for this recent very lucky win I had...I was pretty close to stopping online gambling, at least for awhile.  BUT....all it takes is one good win and "we're back in the game"...hence, the cycle continues.  However, I am going to be a GOOD girl this time and have a plan in place so that I will not gamble back these winnings.  I have to do this....I can be such a weenie sometimes at following through on things that hold me accountable
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        TAAADAAA

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        great, since your withdrawal is more than $750, you have no withdr4awal fee.  Wire transfer/ACh  you might pay some small fee with your bank.
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        bongo

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                  It doesn't seem real on a cognitive level,  more of a  gut reaction.  The money is obviously deferred because we know even if we win, it'll be several days before we see a dime of it.  It's an abstract concept  sort of like when you hear some fool say  "I'm ahead so I'm playing with their money"  WRONG!!!  That money is yours the microsecond you won it, not " their  money".    That type of thinking prevents people from cashing
        out.  (That and a healthy dose  of greed). 
                When we have the money in our hands it becomes real.  In cyberspace,  that's another story. 
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        Feelin froggy

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        That couldn't be more true. My husband downloads iTunes on his phone and I'm like how much are those each? Yet, I can spend an obscene amount gambling. What you convince yourself you can live without is much different when you're gambling. It's CRAZYYYYY! 
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        ReallyHighRoller

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        I've got a vice-versa situation... when I'm looking at smth and tell myself that I can't afford it I rember my loosses few days ago and there is no economy needed after that :yeap:
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        TommyGuns

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        Lips, you've got me laughing. i hang my head at the price of gas after i've basically taken $200 or more and practically lit it on fire. Somebody shake me. I can say that i dont feel as bad seeing that many of us here are in da same boat.
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        toodleedoo

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        Yup Yup, I don't think any gambler on any sort of budget feels differently.  i 'spent' so much gambling the last few months my husband says he doesn't care what I buy, but if I spend money it better be on something tangible lol.  I look back and i"m like I spent HOW MUCH?  Then whine over my cell phone bill or something.  Ridiculous:)
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        Lipstick

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        I thought about going shopping on Black Friday and pick up some good bargains but i decided against it with all the crazy crowds. So to be resourceful i'll gamble what i would of spent today 

        Would that be considered a good budget? 

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