Being hesitant could make or break you. - page 7.

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Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

An event from the European football championships final - Spain vs England was almost turning into a disaster for three young men on their youth corp service program/camp , just about half a mile away from where I reside.. " I heard people screaming terribly and I had to look below from my balcony". It was an intense argument about one of them being too hesitant in wagering a bigger amount, and the rest being too afraid to make any bookings at all. It was a 2.98 odds on Spain and 3.69 odds on England at around the time of booking.
He managed to win 100k from the little he was able to summon up courage with.

What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

Hesitation can end up in many missed opportunities in life, however gambling is one scenario that is hard to frame. I'm not sure how or when those odds arrived in the match, because they were leaning towards 2.50 vs 3.90 most of the game that I was watching. While I have definitely seen some interesting odds and worthy bets that only appeared live during sports events, you always have to keep in mind that the gambling companies have vast arrays of hardware that are using all sorts of data inputs to assess what the best odds are to offer. The average person is going to find it almost impossible to outpick that sort of reasoned analysis on a consistent basis, so maybe he got lucky this time but he could easily throw it away in future due to misplaced overconfidence.

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If there is doubt in a game then never take a bigger risk by entering a large amount even if the bet wins and he regrets a little for not placing a large amount, rather than with a large amount while hesitating and losing then it will be a heavy disappointment.

For me if in doubt will not bet a high amount of pairs with a little this is just a curiosity ...

Of course, betting a large amount wants to win a large amount again even 3x from the bet, because this is the final of the championship some people believe Spain will win so I'm sure there will be more bettors going all in on this bet.

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Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

An event from the European football championships final - Spain vs England was almost turning into a disaster for three young men on their youth corp service program/camp , just about half a mile away from where I reside.. " I heard people screaming terribly and I had to look below from my balcony". It was an intense argument about one of them being too hesitant in wagering a bigger amount, and the rest being too afraid to make any bookings at all. It was a 2.98 odds on Spain and 3.69 odds on England at around the time of booking.
He managed to win 100k from the little he was able to summon up courage with.

What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

Okay, he won 100k.
But answer me, how much would he have lost if luck had gone the other way.
And what's worse, how much of his friends would criticize him for this risky decision?
I always think about the worst case scenario, so my bets are based on prudence rather than risk. Especially when it involves playing with other people's money together.

I understand that a missed opportunity may never grace you again, but a big mistake can do much more damage and it is much more likely that it can never be recovered.

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Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

He managed to win 100k from the little he was able to summon up courage with.

I don't get it. If he won 100k shouldn't he be happy, relaxed, inviting friends for a beer? Why would he start an argument.
Also, are you trying to tell us this guy was screaming to everyone that he won $100k? I smell bullshit Wink

It's better to win, but it's also better to be hesitant than lose all your money.

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Quote from: Coin_trader on July 15, 2024, 09:22:05 AM

The only way to overcome this dilemma is by having a huge bankroll itself so that you will not feel uneasy betting huge amount since you have a lot of money to spare. Building your bankroll will make you increase the amount that you can afford to lose.

I completely agree with you.

One cannot be in a dilemma of the amount of money to bet on if they know that whatever money they intend to use is the one that they cannot afford to lose. And secondly, having a bankroll another solution. And from what the OP mentioned, if the gambler has an already predetermined bet size, they won't be hesitant on how much to wager because that decision would already have been made.

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Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

Close your eyes and jump/press the button. It's how you overcome the hesitation and burning brain. But don't forget it's gambling, after all, we should risk what we can afford to lose (I guess this is something we need to repeat as often as we can). Many times I closed my eyes and jumped and probably had more negative than positive results... But it's the special moment when we gamble and even thou I am probably in the minus I had many nice wins/moments from making crazy big bets just because I had a feeling.

As the title says, moments that can make or break you. And it's better to make a move than regret it later...

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Quote from: Oshosondy on July 15, 2024, 09:18:55 AM

-snip-
It was an interesting match, especially for those that chose Spain to win.

As a Spaniard myself, I have no other choice but agree Grin

OP, if I have not understood it wrong, he won 100k Euro? or was it dollars? if that's the case and you're not talking about some other currency of little value, it is still a massive profit that required a really big stake. Risking so much is unthinkable to me. He was lucky but he could've lost a lot of money in a single bet. He must be very grateful to Dani Olmo and his last-minute header clearance...

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Quote from: Die_empty on July 15, 2024, 11:57:28 AM

Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

These friends may know their financial capacity, hence they want to exercise some restraints on the amount they should bet. However, I think it will be better to have a gambling budget that guides our activities. I am not moved by the opinions or arguments of people if I am gambling within my budget. I have seen some people lose money because they listened to people and have seen others win because they took the advice of others. Everything is just based on luck, time, or chance. Generally, we should always gamble within our means and let our instincts guide us. But I don't like convincing people to bet on a particular game because of they lose they will blame you for the losses.

I will quote your post that gambling is based on luck, timing and chance, so that is the point of the answer to this thread and they will regret getting a low win if they win the bet, but they are not aware that if they place a high bet they will risk losing all their funds. So we need to set budget limits on gambling even though you can analyze and predict football correctly but believe me that the results of football matches cannot be predicted accurately, all opportunities can change everything and any predictions do not match the results of the match, you should never gamble by trusting predictions other people and we are advised to gamble with our own analysis and predictions.

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Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

The best way to overcome such problems is to limit your wager amount. Let's say if you're 70% sure that Spain would win and you had $3k the instead of making a bet of $3k one should minimize it to 1/10th by making a bet of $300 instead.

I guess that's the best way to avoid any issues even if someone losses such bets then again he/she could make more bets with the rest of the money and might recover the losses and make profits. I personally avoid betting on finals because it's quite risky and unpredictable.

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Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

-cut-
What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

I really think those are something you shouldn't overcome, or see as a weakness. Those feelings are there to protect you and keep you from making irrational and dangerous decisions. Sure, you can win more if you risk more that that goes both ways and sometimes you want to risk more, but that's going to be automatical anyway.

These are the feelings that seperate problem gamblers from regular gamblers. Regular gamblers have sense and they do think twice. They won't sacrifice any more than they can lose because of hesitance and uncertainty. Sociopaths are the ones that don't hesitate on their actions, and are certain they are right. Sure, sometimes that can bring fortunes, but these traits ruin lifes as well.

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Quote from: cabron on July 15, 2024, 11:26:09 AM

Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

Trust your gut feeling Grin

Can't remember how many times I tried it betting for an upset. Sometimes I win, more losses I think but wagering is the only way to find out whether you can win some money or not. Just hope for the best especially when you bet big. Based on the odds the crowd's fave is doesn't also have a good winning rate. I bet on football many times but I only base my bet on odds too.

Gambling is one hell of an activity that will give you alot of reasons to really question your trust in your gut feelings 😂, I myself can't remember or number how many times I've tried to trust in my gut feeling, and at the end of it all, I end of losing woefully, feeling very bad because I could have won the bet if I had gone for the opposite of what my mind was telling me to bet on.

And I remember having one issue one time like that, and not knowing what to do, I went to a friend for advice, he too seemed confused as he doesn't know what to tell me to do, and at last, he told me to trust in myself and in my mind to direct me to make the best decision, and I remembered how many times I've trusted in my mind in terms of gambling, and it failed me, lol 😂.
This is why I particularly don't usually buy into this idea of trusting in one's gut feeling, specially as it concerns gambling.

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Quote from: Rruchi man on July 15, 2024, 10:42:38 AM

The only reason why the decision of uncertainty is considered is because his bets did not lose. If he had lost the bet instead of winning the small amount of money, we would have celebrated his uncertainty and hesitation in wagering a higher amount.

Exactly! That's the reason why I decided to put up that topic to make people understand that it could either MAKE or BREAK you. But, whatever happens, it's on you and how constructive / how stupid and greedy you were to have wagered in the first place.

Quote from: danherbias07 on July 15, 2024, 11:55:44 AM

In cases of a close fight, I don't put too much money into it.

Close fight? What has that got to do with the European qualifiers?

Everyone is saying he was supposed to have a specific amount and bankroll.. well, I find alot of sense in that as well. But considering that these set of students don't gamble that often, and that the game was a very tough one, don't you think you'll be moved to wager more?

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Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

These friends may know their financial capacity, hence they want to exercise some restraints on the amount they should bet. However, I think it will be better to have a gambling budget that guides our activities. I am not moved by the opinions or arguments of people if I am gambling within my budget. I have seen some people lose money because they listened to people and have seen others win because they took the advice of others. Everything is just based on luck, time, or chance. Generally, we should always gamble within our means and let our instincts guide us. But I don't like convincing people to bet on a particular game because of they lose they will blame you for the losses.

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In cases of a close fight, I don't put too much money into it. Why? Because there's doubt and uncertainty, and it's not good if you lose the bet. You will have a longer frustration time and the regret could consume you. It's better if you just put in an amount that you will be able to live with, win or lose.

It's hard to predict who will win that match and I myself had my doubts although Spain was the favorite in that game. But if you look at it very closely, there's a chance for a draw and that is why the odds are that high. Both teams are great and I think both deserve applause for their performances.

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Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

...
What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

The best way is to wager or risk money you can actually afford to lose to bad luck, actually. Just think about it, would anyone feel hesitant to wage 1$ on a football match? Probably not, because that amount is reasonable for most of the people out there who have a minimum of income, while on the other hand, it is different to wager 1000$, that could make an important percentage of bettors to feel uncomfortable on their bet.
That feeling of fear is actually not supposed to be ignored and wager more, it is a defense mechanism from within, for us to make us realize we are getting too much into betting, with amounts away from our normal reach.

That guy whom you are talking about could easily have lost much money, he just was lucky enough not to.

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Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

Like we always say, winning in gambling is not a product of assurance but a product of luck. When staking in a game, just wager the amount that you can afford to lose. It's good to be optimistic about your bet, but never forget that the result could also be negative, and that's why you need to only stake an amount that will not cause you any psychological problemsproblems if the bet go bust.

How to overcome that is by reminding yourself that the result of a bet could either be positive or negative, so it's wise to wager only the amount that you can afford to lose.

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Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

An event from the European football championships final - Spain vs England was almost turning into a disaster for three young men on their youth corp service program/camp , just about half a mile away from where I reside.. " I heard people screaming terribly and I had to look below from my balcony". It was an intense argument about one of them being too hesitant in wagering a bigger amount, and the rest being too afraid to make any bookings at all. It was a 2.98 odds on Spain and 3.69 odds on England at around the time of booking.
He managed to win 100k from the little he was able to summon up courage with.

What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

To be honest with you, I am surprised to know that deciding on what amount of money to wager in a game or bet appeared so challenging to some people, this is something ive never experienced myself, and I honestly can not see how this can even become a topic to be discussed specially on this forum.

But again, I perfectly understand, and one thing I can tell you is that whenever you are afraid of wagering a certain amount of money in a bet, it simply means that you are betting an amount you can't afford to lose, and that is a bad practice.
Even if one is sure of a game winning, he or she should never bet an amount of money he or she can not afford to lose, and this is because matter how sure a game is, it still carries with a good degree of risk.

So, in other to solve this problem, when ever you are about to place a bet and you are confused on how much money to bet, it simply means that the initial amount you are planning to bet is an amount you can't afford to lose, so, to solve the problem, simply reduce the bet amount to an amount you are comfortable losing, thats all.

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Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

Trust your gut feeling Grin

Can't remember how many times I tried it betting for an upset. Sometimes I win, more losses I think but wagering is the only way to find out whether you can win some money or not. Just hope for the best especially when you bet big. Based on the odds the crowd's fave is doesn't also have a good winning rate. I bet on football many times but I only base my bet on odds too.

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Quote from: Sandra_hakeem on July 15, 2024, 09:13:23 AM

An event from the European football championships final - Spain vs England was almost turning into a disaster for three young men on their youth corp service program/camp , just about half a mile away from where I reside.. " I heard people screaming terribly and I had to look below from my balcony". It was an intense argument about one of them being too hesitant in wagering a bigger amount, and the rest being too afraid to make any bookings at all. It was a 2.98 odds on Spain and 3.69 odds on England at around the time of booking.
He managed to win 100k from the little he was able to summon up courage with.

What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?

Gambling is risk, you just have to look beyond your hesitation and stake what you can afford to lose, the rest of the two guys that weren't as courageous as him will only standby and watch him celebrate his win or celebrate along with him, because if they had taken the same risk as the winner did, they would have all been celebrating their wins together.

Opportunities like this don't always present themselves in the gambling world, so if you see an opportunity, just grab it, some person's go as far as sharing their money into two places just to stake on the both teams to win on different slips, whichever that enters is a win-win for them.

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Quote from: kotajikikox on July 15, 2024, 09:21:51 AM

i always stick with the mindset that i would only bet what i can afford to lose no matter how sure i am with my bet it could still go wrong and make me lose everything

this way i can make sure that i am confident with whatever i bet on even if i win i just make sure to not dwell on the what ifs and accept my decision

This here is exactly what differentiates a calm gambler with an addict of a gambler. Once someone is hesitant on what to bet they don’t actually trust the game, it is actually ok not to trust any game to bet on, but without proper risk management you might end up just paying more than you can afford to lose.

Things like people cashing out early from their win, putting an amount that they can’t afford to lose is all without proper risk management. From the OP’s narration you can easily see that the the three men are definitely in a path to greed which is definitely bad. Once there is a proper risk management there is no need to be hesitant on what to bet on, just risk what you can afford to lose

Topic: Being hesitant could make or break you. - page 7. (Read 1213 times)