5 Mental Responses That Will Make You Lose Money - page 6.

rodel caling

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Quote from: sheenshane on April 29, 2018, 12:40:20 PM

Quote from: krach on April 29, 2018, 11:55:45 AM

1 – Aversion to Loss

2. False Expert Belief

3. What Goes Up Must Come Down

4. Raising Stakes

5. Bandwagon Effect

That's was all probably happen when you have that negative side cause to lose.
That number 2 I was bolded, that has mostly happened to me that I expected I win but my luck was not there.
Felling expert and confident of what I do in gambling but at the end always a loser, this is very risk belief but when a good vibe comes into you surely also comes luck.

absolutely your right i agree with you mate in any angle of life negative thinking are get in at bad cause's, in the gambling need to have brave heart and always thinking their mind to got win postively, we should knows playing gambling need to set greed control to avoid a lot of lose because gambling are risky.

ralle14

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Loss aversion is what made me lose money before. I always bet on heavy favorites thinking they'll always win once I start losing it made me realize that those kind of bets are not worth. Thanks to my past betting experience i'm not afraid to take risks and expect to lose more than to win.

Quote from: Rinsend on May 09, 2018, 08:32:08 AM

Increase bets?
If I see an opportunity to win, and raise the bet I think it's okay. It's so risky but when you win it, at least it can give you a lot of money.
Overall this can result in a positive and negative. Depends on someone applying it.

It's the same as raising stakes. If you can afford to lose more money in one bet it's okay. I don't prefer doing this kind of bets because it could encourage you to bet higher if you lose.

joebrook

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I quite agree with the “ what goes up must come down” mentality because it’s one of the things that most consistent in the world and it doesn’t only apply to gambling but a lot of other scenarios as well.

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Increase bets?
If I see an opportunity to win, and raise the bet I think it's okay. It's so risky but when you win it, at least it can give you a lot of money.
Overall this can result in a positive and negative. Depends on someone applying it.

zergenyt09

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Quote from: JL421 on May 03, 2018, 09:18:25 PM

Raising stakes is the worse won i have felt it and i completely understood how frustrated we get slowly slowly and how much addicting gambling becomes when finally we have lost so much that the only option left we feel it to go all in and whenever this happens the outcome is will always lose it's pretty rare to win

Yeah the result of gambling is that a gambler lost all his money and he takes nothing with himself. When we play game we do not think about the consequences, but when we lost then we think about the lost money and the game we just played. Mentally everything became wrong and we cannot control our emotions. The end will be bad of a bad thing.

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Quote from: Granxis on May 03, 2018, 12:29:07 PM

We have to realize that we are mentally gambling, so we have to prepare our mind to win or lose. Thus, we are protected from psychological harm.

Before getting into something, one must be knowing and researching about that properly. If you don’t know the good and bad of that thing prior to the practical entrance, you could be on great risk. You could be losing all whattypo have within some days. So better is to search first and then get into this world. And I am sure if you learn well about gambling, you would never be stepping up here.

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Quote from: sheenshane on April 29, 2018, 12:40:20 PM

Quote from: krach on April 29, 2018, 11:55:45 AM

1 – Aversion to Loss

2. False Expert Belief

3. What Goes Up Must Come Down

4. Raising Stakes

5. Bandwagon Effect

That's was all probably happen when you have that negative side cause to lose.
That number 2 I was bolded, that has mostly happened to me that I expected I win but my luck was not there.
Felling expert and confident of what I do in gambling but at the end always a loser, this is very risk belief but when a good vibe comes into you surely also comes luck.

when I accept defeat continuously and there has been no change at all to win, my mentality goes down and I play to be chaotic, big loss I get.

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Quote from: huige007 on May 07, 2018, 05:56:46 PM

Quote from: jrrsparkles on May 07, 2018, 09:39:44 AM

Quote from: EdenHazard on May 07, 2018, 08:09:00 AM

Quote from: jrrsparkles on May 07, 2018, 05:24:30 AM

Simply one thing which causes a huge losses for anyone's life is his /her greed.Most of the people are getting into gambling to make money with greed but normally most of them will fail in that so be smart and use the gambling why it was meant for.

But sometimes, if you believe in greed is a chance to earn a lot of money it's good for me. Not all greedy will bring you to lose money, but it's good greed accompanied by the common sense that makes you sure get more money. Likewise with gambling, if you believe at the time of gambling you have a strong instinct to win gambling then that is good greedy.

I think you are talking about eagerness in getting rich which surely gives us the mental power to reach the goals of our life but it may not be suitable for the gambling which only depends on luck so the mental strength ha no role to play with it.

Everyone wants to become rich in his life. It is desire of every person to live a tension free peaceful life and money is considered as the remedy to all problems. It is a common view that money can bring happiness and peace. Chasing money is also healthy if a person does not go with the wrong methods. Gambling indeed is an incorrect way of getting rich. Actually it does not work at all.

Gambling is indeed a wrong way on hurrying yourself to become rich. It is possible thru it but would really be very on a million chances since it do really requires extreme luck.Part of human nature to search up on how to earn money on the most easiest and fastest way which it ends up on thinking on playing gambling because this is the thing where those things can be found but in the end they do wreck up their hopes towards it.

huige007

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Quote from: jrrsparkles on May 07, 2018, 09:39:44 AM

Quote from: EdenHazard on May 07, 2018, 08:09:00 AM

Quote from: jrrsparkles on May 07, 2018, 05:24:30 AM

Simply one thing which causes a huge losses for anyone's life is his /her greed.Most of the people are getting into gambling to make money with greed but normally most of them will fail in that so be smart and use the gambling why it was meant for.

But sometimes, if you believe in greed is a chance to earn a lot of money it's good for me. Not all greedy will bring you to lose money, but it's good greed accompanied by the common sense that makes you sure get more money. Likewise with gambling, if you believe at the time of gambling you have a strong instinct to win gambling then that is good greedy.

I think you are talking about eagerness in getting rich which surely gives us the mental power to reach the goals of our life but it may not be suitable for the gambling which only depends on luck so the mental strength ha no role to play with it.

Everyone wants to become rich in his life. It is desire of every person to live a tension free peaceful life and money is considered as the remedy to all problems. It is a common view that money can bring happiness and peace. Chasing money is also healthy if a person does not go with the wrong methods. Gambling indeed is an incorrect way of getting rich. Actually it does not work at all.

Shenzou

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The Bandwagon effect is what stands out the most for me from the reasons that make people lose a lot of money when gambling, because some people see other who may get lucky and win so they keep going in hope for a win themselves even though it might take them a lot of tries and they end up with no money, people are so affected by what the society impose on them, if they see others doing it they jump in and do it as well even if it means their doom.

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Quote from: Aikidoka on May 07, 2018, 01:10:13 PM

I strongly agree with these mental responses. And the most arguable thing is the false expert belief. As a matter of fact, we as humans can be overconfident that can lead us to our downfall. That is why we should be confident and playing in a smart way. Otherwise, when we lose, we will get a shock that can be a way to depression because we were 100% sure that we would win. That is why we should expect the unexpected.

This is very true especially when we tend to have a good run of bets and win most of it. Due to our nature of being greedy, we think that we can win all the bets in the future but in the end, we are greeted by our demise and lose all our money with just few bad lucks. It happened to me a lot where I can walk away with significant profit but I stayed for a bit longer (due to cockiness and overconfidence) only to realize that I lost all of my earnings together with my capital money.

Having a goal in mind while gambling somehow helped me to avoid such problems when winning.

Aikidoka

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I strongly agree with these mental responses. And the most arguable thing is the false expert belief. As a matter of fact, we as humans can be overconfident that can lead us to our downfall. That is why we should be confident and playing in a smart way. Otherwise, when we lose, we will get a shock that can be a way to depression because we were 100% sure that we would win. That is why we should expect the unexpected.

jrrsparkles

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Quote from: EdenHazard on May 07, 2018, 08:09:00 AM

Quote from: jrrsparkles on May 07, 2018, 05:24:30 AM

Simply one thing which causes a huge losses for anyone's life is his /her greed.Most of the people are getting into gambling to make money with greed but normally most of them will fail in that so be smart and use the gambling why it was meant for.

But sometimes, if you believe in greed is a chance to earn a lot of money it's good for me. Not all greedy will bring you to lose money, but it's good greed accompanied by the common sense that makes you sure get more money. Likewise with gambling, if you believe at the time of gambling you have a strong instinct to win gambling then that is good greedy.

I think you are talking about eagerness in getting rich which surely gives us the mental power to reach the goals of our life but it may not be suitable for the gambling which only depends on luck so the mental strength ha no role to play with it.

EdenHazard

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Quote from: jrrsparkles on May 07, 2018, 05:24:30 AM

Simply one thing which causes a huge losses for anyone's life is his /her greed.Most of the people are getting into gambling to make money with greed but normally most of them will fail in that so be smart and use the gambling why it was meant for.

But sometimes, if you believe in greed is a chance to earn a lot of money it's good for me. Not all greedy will bring you to lose money, but it's good greed accompanied by the common sense that makes you sure get more money. Likewise with gambling, if you believe at the time of gambling you have a strong instinct to win gambling then that is good greedy.

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Quote from: NeuroticFish on May 03, 2018, 06:55:02 AM

I think that the main reasons are:
* gambler forgets that this is not a way to earn money, it's a way to spend time in a nice way.
* gambler tries to "recover loss"
* gambler believes that a winning scheme he has read about really works

I have seen gamblers with this mindset. Actually they don’t forget that gambling is no income source rather they believe it is and struggle hard to increase their capital this way. I don’t condemn playing this game for fun purpose and that too if done within some safe limits but considering it a way to bright and rich future just ticks me off. Frustration and anger after losing money plus addiction over time keep gamblers gambling.

jrrsparkles

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Simply one thing which causes a huge losses for anyone's life is his /her greed.Most of the people are getting into gambling to make money with greed but normally most of them will fail in that so be smart and use the gambling why it was meant for.

ausbit

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Quote from: brampower on May 04, 2018, 11:31:05 AM

Quote from: Cacingkemi on April 29, 2018, 10:48:30 PM

Already this week I was treated by all five such responses,the running bot system made me do it and the result lost my money more.Thank you for giving me good benefits I will rearrange my feelings and strategy for win Reading the article is very useful.

You made me laugh, just by reading an article you are able to control your loses, since you are using bot you are clearly not gambling to have fun and your only aim is to make money and so is the reason you end up losing. What OP is telling might be true for addicts to find out about their problem, i used to gamble once in a while, just for fun and majority of the time i do sports betting if i get the time to watch the match, if not i wont risk my money, i do it for fun and i think my mental responses are strong. Grin

It is pretty fine to make money in gambling even if someone has to rely on a bot. this involves no harm to anyone. There is nothing bad about inning bets and becoming rich for free. However, I am really not sure about this bot part whether it will never betray the player or things may go the other way around. Honestly, if it was this easy to become rich, half of the world would be rich by now.

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Quote from: BillCoin on May 05, 2018, 03:09:40 AM

Agreed with all the aspects and I want to add-on something.
Some people believe that they found the way to win, and that " it's very easy to win in sportsbooks", it makes them believe that they are over all the other gamblers and when the others failed they can win.
It's really risky thought as usually they will find them self betting on amounts that they didn't plan to bet on just because they feel really confidently.

Its really easy to win in sportbooks however, there that element of luck that is involved as well. And even you are really good in analyzing each and every game anything can happen and you really thought you already won, sometimes in just a fraction of a second, everything changes making you lose your bet. How unlucky you are.

Quote from: krach on April 29, 2018, 11:55:45 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/

I'm also guilty on some of this belief specially the bandwagon effect. Even local horse bet in our place has this so called last 'minutes whispers' in which it will clearly spread out and every wants jumps on the bandwagon in hoping to get a good profit. However, its not always the case and most of the time the rumor is just what it is, simply a rumor.

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Quote from: BillCoin on May 05, 2018, 03:09:40 AM

Agreed with all the aspects and I want to add-on something.
Some people believe that they found the way to win, and that " it's very easy to win in sportsbooks", it makes them believe that they are over all the other gamblers and when the others failed they can win.
It's really risky thought as usually they will find them self betting on amounts that they didn't plan to bet on just because they feel really confidently.

Sportsbook betting will be perfect one to make the more money if you know the skills about the player or the team knowledge about any sports. When we loose the money we will think we can take double the money by betting the extra money to take the return.
That is actually worst move and that you can call as greediness mate.

Then you should manage the emotions as well to avoid the huge loses back to back.

bhadz

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Quote from: iv4n on May 04, 2018, 07:41:10 AM

Quote from: bhadz on May 04, 2018, 05:06:40 AM

That no.2
I'm dumb to say that I used to bet higher when I'm getting good call with my bets. Trusting too much with my experience and thinks that it's okay to bet more with the amount I won.
Getting confident once we win and we are thinking that this can happen all of the sudden.

That is gambling, its hard to stay focused when we lose, maybe even harder when win!
All this factors affect our gameplay, its hard to stay focused and play every hand with cool head. Losing too much or winning a lot, makes our mind vulnerable and we make mistakes.
Those are the problems, but what are the solutions? There is only one solution, taking a break and chilling some time before going into fire again. Its hard to do that when your mind is burning, but that is experience and who ever gamble should practice this, doesn't matter how hard it is, with time and practicing its easier.
About factor 1, aversion to lose, who have that should stop gambling! In gambling losing is a big part of the game, if you can't take it and handle it then you will face with big problems and gambling will make you more nervous!

That's the real situation that it's harder to focused when you have tasted the spoon of victory. The solution you gave is effective if the gambler will follow it but sometimes it's hard to think of taking a break and chill for awhile. Why? Because our minds are set being a gambler and a loser as well, we all want to take the winning again and gamble recklessly. The confidence and pride is still there but the results can't be handle because we don't know how it can go.

Topic: 5 Mental Responses That Will Make You Lose Money - page 6. (Read 952 times)