5 Mental Responses That Will Make You Lose Money - page 3.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: malikusama on June 22, 2018, 05:26:38 AM

Believe in yourself but don't ever think that you are an expert or anything like that.

You can believe in yourself to be an expert in everything except gambling or any other luck based games. Because of the EV- nature of gambling and sometimes EV+ games as well, nobody can be 100% sure that the match will be in their favor. Its all a 50-50 chance and if you want to risk the chance then you should consider that money as gone, if it returns then you are lucky.

Quote from: Aleister Crowley on June 23, 2018, 06:40:46 PM

raising bets does not always make us lose money .. let alone we have and unlimited with big bet bets ,, I think it will be profitable in the long run .. especially if we gamble in casino roullete .. with some strategies that have been in stacking with mature, I think it will grow victory

Raising the bet only makes the person lose more money - because in the end the house will always win. Roll Eyes

wuvdoll

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Quote from: perfect999 on May 30, 2018, 12:38:11 AM

Quote from: BTCappu on May 26, 2018, 05:26:23 AM

Quote from: Gintama214 on May 23, 2018, 11:43:47 AM

This is really true, people who are going through this mental responses is due to loss of control to itself, many people feel this whenever they lose money due to gambling and other ways that make them lose their money. Especially in gambling, whenever you lose you always feel or believe that you will gonna win and keep betting even though you already have lost a lot of money and thinking that you still win.

Human brain is no doubt one of the most important component of the human body and that the ones who exactly know how to make the best possible use of the brain are the ones who are making lot of money and are amongst the world’s wealthiest persons. You can also be one of them but for that you need to make the best possible use of this thing so that you may also get what you want in your life.

No doubt in this. But what if someone wants to kill himself, does he should be using the best aspects of his mind and plan so fantastically using the efficiency of his mind to kill himself? No, definitely no. we have to stop him and he must be stopping himself too. Likewise, in gambling, this is just a story of killing yourself financially and then let yourself engaged in how to use your mind efficiently.

You can only help those who are willing to get help as it is the same way on how you can only be able to stop someone from getting himself killed one time as you cannot be there every time. Aversion to losses is the main thing that has made a lot of gamblers set them-selves on fire unknowingly with the mindset of winning as long as they keep trying.

Some will even try to get strategies, get comfortable with it until they see how days of winning and comfort can turn to few minutes of losses, emotion and more loss.

Aleister Crowley

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raising bets does not always make us lose money .. let alone we have and unlimited with big bet bets ,, I think it will be profitable in the long run .. especially if we gamble in casino roullete .. with some strategies that have been in stacking with mature, I think it will grow victory

crazycatwoman03

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Quote from: BitcoinCommodor on June 23, 2018, 03:10:33 AM

Quote from: btc-facebook on June 22, 2018, 04:15:48 AM

Rule 3
Yes, the problem is when it happen as historical graph become useful because it's has similiar pattern

Rule 4
I'm using martingale because I want to cover my loss so as long as I can afford to loss, it won't be any problem

If you consider all such cases and considerations in gambling, people you are going on a wrong track. Believe me this wouldn’t be helping you out. Find some good income source where you can earn freely and where there are more chances of winning than losing. Don’t just make your lives destructed. Think over your decisions and make better choices as your lives are so important for your families.

Right, finding a real job is more reliable than doing gambling over and over again. People took risk when they still play even if they lose all the time, they usually think that how much they loss will be covered once they win. I always believe that no profit can be gained from playing gambling, that there will be more losses that wins.

Gamblers should know when to stop, especially to stop if gambling is not doing any good to them. I think this is the number one problem with them, they still gamble even if they have loss so many times already.

BitcoinCommodor

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Quote from: btc-facebook on June 22, 2018, 04:15:48 AM

Rule 3
Yes, the problem is when it happen as historical graph become useful because it's has similiar pattern

Rule 4
I'm using martingale because I want to cover my loss so as long as I can afford to loss, it won't be any problem

If you consider all such cases and considerations in gambling, people you are going on a wrong track. Believe me this wouldn’t be helping you out. Find some good income source where you can earn freely and where there are more chances of winning than losing. Don’t just make your lives destructed. Think over your decisions and make better choices as your lives are so important for your families.

malikusama

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Along with other mental responses you have mentioned this one

Quote from: krach on April 29, 2018, 10:55:45 AM

2. False Expert Belief

is the main reason why many of us are losing money, over confidence is our greatest enemy which can ruin ability and skills.
Believe in yourself but don't ever think that you are an expert or anything like that.

btc-facebook

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Rule 3
Yes, the problem is when it happen as historical graph become useful because it's has similiar pattern

Rule 4
I'm using martingale because I want to cover my loss so as long as I can afford to loss, it won't be any problem

orions.belt19

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Quote from: el kaka22 on June 21, 2018, 12:27:33 PM

Quote from: perfect999 on May 30, 2018, 12:38:11 AM

Quote from: BTCappu on May 26, 2018, 05:26:23 AM

Human brain is no doubt one of the most important component of the human body and that the ones who exactly know how to make the best possible use of the brain are the ones who are making lot of money and are amongst the world’s wealthiest persons. You can also be one of them but for that you need to make the best possible use of this thing so that you may also get what you want in your life.

No doubt in this. But what if someone wants to kill himself, does he should be using the best aspects of his mind and plan so fantastically using the efficiency of his mind to kill himself? No, definitely no. we have to stop him and he must be stopping himself too. Likewise, in gambling, this is just a story of killing yourself financially and then let yourself engaged in how to use your mind efficiently.

That is the martingale strategy Grin

. I fell for it when I used to gamble, got so comfortable with it that I will just let it keep rolling until one day when I realized the house edge will always win when those long streak of losses comes. This is a game of chance and sometimes, we always get to forget that all in the name of thinking we have arrived with some strategy and then we just lose everything at the end.

The worst thing that can ever happen to any gambler is things working out pretty fine from the start, getting so comfortable, and falling straight into that trap.

This is why there are morals and values. Even while the capacity of the brain allows one to make intelligent decisions, it is a person’s morals and values which will guide their decisions. An intelligent person may be capable of coming up with an elaborate plan to kill one’s self (or another person?) but it is their morality that will stop them if they value life. Same goes for gambling since there are those who view it as evil.

sweetbet

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The 2 mistakes that I use to make were: 1. Upping the wager and 2. Chasing losses. I'm glad that I very rarely gamble now.

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Quote from: Ekanenf on May 29, 2018, 10:29:18 AM

Quote from: krach on April 29, 2018, 10:55:45 AM

1 – Aversion to Loss

2. False Expert Belief

3. What Goes Up Must Come Down

4. Raising Stakes

5. Bandwagon Effect

https://degenbet.com/5-mental-responses-will-make-lose-money/

That is only some of the many responses that will make you suffer in playing gambling. There is no good thing about gambling, that is why I'm wondering how other people are having a hard time leaving gambling, yes we could be addicted but if we are mature enough to accept our lose, then quitting is no big deal, our mindset should be "I lost, that is fine, gambling is not the only way to earn money" something like that for us to avoid losing too much.

If only the mindset of all gamblers will be just like that,then we cannot expect to see addicted gamblers that are almost ruining their own lives.But due to some greediness of gamblers,they forget that gambling is just made for fun and entertainment,and it should not be a means of living.Once they experience loss,they will try to regain it not knowing that this will lead to a more losses in him.

el kaka22

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Quote from: perfect999 on May 30, 2018, 12:38:11 AM

Quote from: BTCappu on May 26, 2018, 05:26:23 AM

Human brain is no doubt one of the most important component of the human body and that the ones who exactly know how to make the best possible use of the brain are the ones who are making lot of money and are amongst the world’s wealthiest persons. You can also be one of them but for that you need to make the best possible use of this thing so that you may also get what you want in your life.

No doubt in this. But what if someone wants to kill himself, does he should be using the best aspects of his mind and plan so fantastically using the efficiency of his mind to kill himself? No, definitely no. we have to stop him and he must be stopping himself too. Likewise, in gambling, this is just a story of killing yourself financially and then let yourself engaged in how to use your mind efficiently.

That is the martingale strategy Grin

. I fell for it when I used to gamble, got so comfortable with it that I will just let it keep rolling until one day when I realized the house edge will always win when those long streak of losses comes. This is a game of chance and sometimes, we always get to forget that all in the name of thinking we have arrived with some strategy and then we just lose everything at the end.

The worst thing that can ever happen to any gambler is things working out pretty fine from the start, getting so comfortable, and falling straight into that trap.

spiker777

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The raising stakes one is definitely one a lot of people fall victim to. I have even been a victim myself numerous times over the year, e.g. I'll just keep doubling up until eventually I win.... Until I get an unlucky streak and lose a lot of money. People need to understand statistics, they assume that they are the only score that matters, when in reality they are part of a cohort of people which constitutes the average. Just because extraordinary events seem unlikely to a single person, across a cohort it is quite possible, and the more times you double up, the more chance you're going to get screwed.

perfect999

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Quote from: BTCappu on May 26, 2018, 05:26:23 AM

Quote from: Gintama214 on May 23, 2018, 11:43:47 AM

This is really true, people who are going through this mental responses is due to loss of control to itself, many people feel this whenever they lose money due to gambling and other ways that make them lose their money. Especially in gambling, whenever you lose you always feel or believe that you will gonna win and keep betting even though you already have lost a lot of money and thinking that you still win.

Human brain is no doubt one of the most important component of the human body and that the ones who exactly know how to make the best possible use of the brain are the ones who are making lot of money and are amongst the world’s wealthiest persons. You can also be one of them but for that you need to make the best possible use of this thing so that you may also get what you want in your life.

No doubt in this. But what if someone wants to kill himself, does he should be using the best aspects of his mind and plan so fantastically using the efficiency of his mind to kill himself? No, definitely no. we have to stop him and he must be stopping himself too. Likewise, in gambling, this is just a story of killing yourself financially and then let yourself engaged in how to use your mind efficiently.

jeremypwr

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The belief in "chasing" will cause a punter to crash and burn faster than they would think.
I've seen people "chase" at the end of a long night, only to end up losing even more than if they were to sit it out until the next day.
The problem is that we are made to believe that we can upside the books, when in reality it's a very select few that come up ahead.

Ekanenf

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Quote from: krach on April 29, 2018, 10:55:45 AM

1 – Aversion to Loss

2. False Expert Belief

3. What Goes Up Must Come Down

4. Raising Stakes

5. Bandwagon Effect

https://degenbet.com/5-mental-responses-will-make-lose-money/

That is only some of the many responses that will make you suffer in playing gambling. There is no good thing about gambling, that is why I'm wondering how other people are having a hard time leaving gambling, yes we could be addicted but if we are mature enough to accept our lose, then quitting is no big deal, our mindset should be "I lost, that is fine, gambling is not the only way to earn money" something like that for us to avoid losing too much.

The Sceptical Chymist

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Quote from: Don Pedro Dinero on April 29, 2018, 01:33:14 PM

I would add the one that will make you go bankrupt: “I don’t care”.

Yeah, I'd say that's a deadly attitude to have in any aspect of your life and when you're gambling and just don't care anymore...hope you don't have a family to support.

I've been guilty of the false sense of being an expert before, not in a casino but in the stock market--and the market showed me real quick that none of that matters for the little guy. It's probably even worse when you're on the dice sites or playing poker and you have the adrenaline and dopamine pumping.

I get tripped up by

Quote from: krach on April 29, 2018, 10:55:45 AM

3. What Goes Up Must Come Down

every time, because it seems so logical when you're down and when (in the market) it seems like things couldn't go down more than they have. That's not true, though. You can keep rolling 7s for way longer than you'd think possible.

What most of this comes down to is being illogical when you're wagering, and a lot of gamblers tend to do this throughout their lives. Casinos thrive on this.

StarofBTC

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Quote from: livingfree on May 25, 2018, 03:01:52 AM

Quote from: krach on April 29, 2018, 10:55:45 AM

3. What Goes Up Must Come Down

Sometimes we are very confident when we found a tipster that has the most accurate predictions. But we can't remember that not all the time is an holiday.

This is true, what goes up must come down so don't be too encouraged and optimistic when you are on the tip of your winning streak.

Nothing is predictable. The future is all about a mystery that can’t be solved. Even if some time machine is built and you are just checking that as well to see what is going to happen, you can’t just do that. in gambling, you already know that you would be having losses sometimes and win sometimes as well but the ratio of losses are quite healthier than that of win, so why to look for something who tell you the reality?

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: livingfree on May 25, 2018, 03:01:52 AM

Sometimes we are very confident when we found a tipster that has the most accurate predictions. But we can't remember that not all the time is an holiday.

Following tipsters does not mean you are in profit every-time. They are paid by the bookies to make such bets and they simply do as they are instructed to do. Does not mean they are always using their analysis to win. You should rather do some own research before placing any bets.

Quote

This is true, what goes up must come down so don't be too encouraged and optimistic when you are on the tip of your winning streak.

Not if you cash out before the bad things happen. If you have the habit of wasting money in gambling then you should withdraw before you lose once you win something big and dont ever return.

geopolisch

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Quote from: Blondy12 on May 23, 2018, 07:22:12 AM

Quote from: Juggy777 on April 29, 2018, 10:37:28 PM

I believe a better explanation to this is summed up in what you give you receive. The universe only gives you what you think, so if you go to a casino and think oh well I'm gonna loose but let's try chances are you'll loose. However if you go in with this affirmation today I'll win and I'm in the winning league then you see it'll happen. Give out positive affirmations and it'll work like a charm.

True mate. I believe that our ming is more powerful than our body. What our mind is thinking would definitely takes control of what will happen in the end. That is why if we do something big like if we want to go to a casino or even in online games, we should always think positive and always think that this is our lucky day. Positive thinking can help us with our strategy in life not just in gambling. I have been there and done that and honestly it really works for me.

Without brain, our body won’t even know what to do. It is the most important part of body as it keeps other functioning too in the proper way. We cannot think without this and now that we can think, then how come gamblers don’t use this gift for knowing the reality of this game? any logical person can tell rather even a very basic common sense indicates that a game which outcomes depend only on luck can never be won by thinking positively or whatsoever way.

Betwrong

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Quote from: BTCappu on May 26, 2018, 05:26:23 AM

Quote from: Gintama214 on May 23, 2018, 11:43:47 AM

This is really true, people who are going through this mental responses is due to loss of control to itself, many people feel this whenever they lose money due to gambling and other ways that make them lose their money. Especially in gambling, whenever you lose you always feel or believe that you will gonna win and keep betting even though you already have lost a lot of money and thinking that you still win.

Human brain is no doubt one of the most important component of the human body and that the ones who exactly know how to make the best possible use of the brain are the ones who are making lot of money and are amongst the world’s wealthiest persons. You can also be one of them but for that you need to make the best possible use of this thing so that you may also get what you want in your life.

Imo human brain is the most important component of the human body and we should treat it accordingly. I mean if we eat a lot of sweets we damage our teeth but we still can live with that. But if damage our brain by watching stupid TV shows or by reading incompetent information on the internet we become walking dead, suffering ourselves and making others suffer. The notion that the richest people are also the smartest ones has been imposed by those incompetent sources of information and has nothing to do with reality.

It was discussed here on bitcointalk in relation to a recent research which came to conclusion that the richest people are not smart but rather lucky, and I was arguing there that in fact they are neither smart nor lucky ... but that's another story. In short, smart people are not necessarily rich and they don't necessarily want to be rich either. And if you are like one of them, you will not struggle to make money with gambling and thus you will not have those Mental Responses That Make You Lose Money from the OP.

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