Pages:
Author

Topic: Can you stake it all put of over confidence in your club - page 2. (Read 1491 times)

hero member
Activity: 798
Merit: 1045
Goodnight, ohh Leo!!! 🦅
A friend of mine recently shocked me with how much passion and confidence he had in his club, man u vs liverpool  that happened on Sunday I guess was a very hard match cause Liverpool was already stomping 0:2 to man United but my friend was telling that man United won't lose the match, so I told him that if he has much confidence that he should stake life, shocking to me he went on and staked 5k on man United win to qualify which was about 7 odds at that time, and yeah it turned out right for him. Can any one do this or was it a foolish move?
For the fact that he staked on his team to win even though the opposition was leading with 2 goals is wild, but that isn't a guarantee that he had too much trust. Atleast 60% of wins from sport games aren't always expected; that means you shouldn't base off your speculations on how well you understand the team's performance, but you should always try to play outside the box

I wouldn't also call it a foolish move as it delivered 100%. He just had the nerves to that most gamblers wouldn't have, and it worked for him. Personally, I would have played on the handicap/over goals options in that situation..
legendary
Activity: 2310
Merit: 2073
^

I completely disagree with you about the fact that the skills of a gambler do not affect the outcome of gambling. Of course, if we talk about slots, it is enough to know only the principle of the game and rely on luck, but when playing poker or betting on sporting events depends on the skill of the gambler.

If this were not the case, then we would never have lists of the best gamblers of various tournaments. Instead, there would be lists of lucky gamblers who managed to win through luck. I think no one needs to explain that to get on such a list twice would be an almost impossible task.
sr. member
Activity: 476
Merit: 385
Baba God Noni
I personally don't have the guts to stake huge amount of money into gambling just because I feel lucky that day. That is way too risky given that his friend might be just pressured and need to try to prove it and luckily he got lucky. That was actually a one time luck and I don't think he can do that again one tap.
You know one thing, luck makes people feel as of they made the right decision, and it was because of the confidence that they had that made the bet to favor them, unknown to them that they were just lucky.

Like you said, I don't see gambling as something anyone need to have confidence on because it is not by our doings or skills but only luck, and this is why I don't gamble with huge amount of money so that I don't upset when I cannot control my emotions. If my club is weak and playing against a stronger club, I will bet against my club because I want to be a winner. Nobody will see something bad and go for it.
hero member
Activity: 826
Merit: 641
Leading Crypto Sports Betting & Casino Platform
Have anyone ever had confidence in any match that he was willing to be huge amounts to back up the confidence in a match that features his club. A friend of mine recently shocked me with how much passion and confidence he had in his club, man u vs liverpool  that happened on Sunday I guess was a very hard match cause Liverpool was already stomping 0:2 to man United but my friend was telling that man United won't lose the match, so I told him that if he has much confidence that he should stake life, shocking to me he went on and staked 5k on man United win to qualify which was about 7 odds at that time, and yeah it turned out right for him. Can any one do this or was it a foolish move?
Your narration is not clear to me, was it Liverpool that was leading or Man U, to have warranted it to be deemed a tough bet since the Liverpool 0:2 Man U narration doesn't seem to be in coherence with what you later explained? I can't also recall watching this particular match with the way you explained it to have bailed myself out. Notwithstanding, I think I have the idea of the gist from the topic and some of what you wrote so let me reply to it directly. No one knows it all and my experience in risky activities has wisely hinted to me that we are never perfect, so even as confidence is good "Over"confidence is very bad, and we should steer clear of it.

Good, your friend made it this time, congratulations to him, but I tell you, he will fail many more times if he continues like this. Gambling has to be reasonably risked, and if at all he has so much confidence in his team or due to the love and support for the team, he could still gamble if he wanted, but it should have been with a very small amount of money to lessen the possible negative effect of the unreasonable risk. In my gambling escapades, I have never reached for the odd that is more than 3.0 to increase my chance of winning, and even seeing the odds that is 7.00 should speak volumes that Man U is at a disadvantage condition and would have automatically discouraged me.

Above all, let us gamble reasonably and responsibly, we should never allow our emotions or gut feelings to rule us whatsoever.

legendary
Activity: 2310
Merit: 2073
^

I absolutely agree with you. I am not that rich to bet even $1000 on one match, even if I am 70-80% sure that my bet will play. For me personally, $5000 is a lot of money, for which I need to work hard for more than one month. Therefore, no matter how big the probability of winning is, losing such money in one day seems very risky to me. $100-200 is enough for me to tickle my nerves in betting. Sometimes even after losing $100 I have doubts about the correctness of my decisions, but fortunately bad things are quickly forgotten.
sr. member
Activity: 1736
Merit: 357
Peace be with you!
 I personally don't have the guts to stake huge amount of money into gambling just because I feel lucky that day. That is way too risky given that his friend might be just pressured and need to try to prove it and luckily he got lucky. That was actually a one time luck and I don't think he can do that again one tap.
hero member
Activity: 1274
Merit: 561
Leading Crypto Sports Betting & Casino Platform

To me I won't encourage such act , because that's sign of gambling irresponsibly,  going all in with your money is a really high risk and big sign of gambling irresponsibly. Is not bad to have confidence on your team , but still follow the principles of gambling what you can afford because anything can happen .

What if for instance he endup losing that money , that will be a huge set back for him now he will be thinking on how to get that amount back, but still he was lucky that the game actually went his way . The reason why gambling with what you can afford to lose is really important, is because no matter the way the gamble turn out to be , it won't be a big deal or it won't bother you much because if you endup losing, the money you lose is something you can afford to lose.
Going all in is also a part of gambling, but a risky one. It doesn't happen always and we don't see players who do it all the time. But, that's not the best form of gambling. Because, as you said a gambler can lose out lots of money in the process. Hence, doing it all the times is very risky. The few moments I've gone all in, wasn't as I expected. Yet, I could recall winning big out of spending all my bankroll on a single prediction. Still, I would point out that going all in is not all that right.

As it's a very addictive type of gambling. Most players who have gotten addicted to wagering all their bank roll always find themselves in a very critical type of gambling addiction. Players are supposed to be careful about this, not just because of their best club. I see gamblers make similar mistakes of picking their clubs despite knowing they'll lose the game and wager on them. Op's friend made a risky move, especially gambling on a losing team. On the long run, he was lucky, but I don't think he should make such moves next time. He could lose on the game.
hero member
Activity: 1498
Merit: 504
I think your friend was having good luck that day, even though as we know, if we want to bet on sports betting, we have to pay attention to the odds and also the match statistics, whether they are good or not, indeed if someone loves their club too much they become blind and it is as if they are convinced that the club can win without looking at the match history so far, this is indeed an attitude of loyalty towards your favorite club. But if you risk everything, in my opinion, it is not a good thing because you can lose the money you have by just betting on a club that does not provide any benefits even if you win or lose because it is the one who loses also the club itself while we have to bear the losses caused by betting on them.

I think your friend's luck will not keep repeating itself and luck comes only at the right time and we don't expect it, so it's better if we just bet enough on our favorite club and don't need to risk everything even though you believe in your beliefs because we also we need to think about the risks we will bear if we risk it all.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Trusting your team is great. That has nothing to do with sensible betting. Remember that die-hard fans don't always win.  The beauty of games is that anything can happen. Being a "wise gambler," as you say, goes beyond identifying winners. Risk management, like a smart investor. You wouldn't invest your life money in one stock, right? Same with betting. Bet on numerous games and sorts of bets. That way, if one fails, you're not completely out.

Everyone's human. The thrill consumes us. Thus, setting boundaries before betting is essential. Treat it like an entertainment budget; determine your loss tolerance. Gamble for fun, not retirement.
That's why we don't have to bet with too much money because we knows that the results will not always wins. Even if we believes that our favorite team is one of the strong teams, we don't have to uses much money when placing the bet because the outcomes will be uncertainties. Becomes a wise gambler is something that we must do to avoids the problems that can occurs in gambling so we knows what we must do in gambling. When we can manages the risks behind of gambling, we will trying to prevents the big lose because once our money is lose, that will not be easy to gets it back. We must prevents the temptations from gambling so we don't gets deeper in gambling and we can only enjoy the gambling games as it was. We must considers to use gambling as an entertainment and not for a place to makes money.
legendary
Activity: 1904
Merit: 1563
I'm not really a big fan of many clubs so I can't really say if I would be able to put an all in my bets on one of them because most of the time, not all fans make it big if they blindly bet on their favorite team or club if the opposing them is a real powerhouse. Maybe if I'm a diehard fan, I would probably put an all in bet on my favorite team knowing that there's a possibility that I might lose, it's just my way of supporting them after all, I think that it will be a form of betrayal to the team that I'm supporting. I really can't say much what I'd do, that stuff that I've just said is something that I've observed from my friends that are a big fan of a certain basketball team, even when the current standing is in favor with the opposing team, they're still putting in bets in the hopes that their favorite team will win.
sr. member
Activity: 574
Merit: 252
Have anyone ever had confidence in any match that he was willing to be huge amounts to back up the confidence in a match that features his club. A friend of mine recently shocked me with how much passion and confidence he had in his club, man u vs liverpool  that happened on Sunday I guess was a very hard match cause Liverpool was already stomping 0:2 to man United but my friend was telling that man United won't lose the match, so I told him that if he has much confidence that he should stake life, shocking to me he went on and staked 5k on man United win to qualify which was about 7 odds at that time, and yeah it turned out right for him. Can any one do this or was it a foolish move?

To me I won't encourage such act , because that's sign of gambling irresponsibly,  going all in with your money is a really high risk and big sign of gambling irresponsibly. Is not bad to have confidence on your team , but still follow the principles of gambling what you can afford because anything can happen .

What if for instance he endup losing that money , that will be a huge set back for him now he will be thinking on how to get that amount back, but still he was lucky that the game actually went his way . The reason why gambling with what you can afford to lose is really important, is because no matter the way the gamble turn out to be , it won't be a big deal or it won't bother you much because if you endup losing, the money you lose is something you can afford to lose.
member
Activity: 364
Merit: 44
★Bitvest.io★ Play Plinko or Invest
You friend was just lucky. But what I can deduce from this is that he is an amateur gambler and if he continues in this part he is going to lose a lot of money in the long run.

It looks like he gambles on the whim. No proper analysis, no risk management strategies and all. I am not happy that he won because if he had lost he would have lost a valuable lesson. There is no lesson in winning rather it is going to motivate him to do it again. And lead him eventually to chasing losses.

Tell him to gamble responsibly.

It wasn't over confidence it was reckless.

If there is any other words I would have used than this your recklessness I won't hesitate, the guy is gambling on ignorance and such gambler is always a failure, this games is not one which over confidence on its foolishness and unwise taken such risk show high level of immature, those who runs into addiction is not far from this lifestyle of gambling this is the root of it when your playing without calculating or managing risk to the exist of life very unfortunate. What courses many losses of gamblers is so much confidence they one focus on wining and forget about the losses involved the guy need adjustment on such confidence because it can backfired.
hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
Can any one do this or was it a foolish move?
Though I can't really call it foolish move because gambling is a risk which you either win or lose. Whosoever that is not a risk taker can never gamble, though it was a more risky game because from your explanation man united was already losing 0:2 to Liverpool that is why it was possible for the man united odd to have increased to 7odd otherwise it will have reduced to maybe 1.10 odd if man united was wining. So the higher the risk the higher the amount in return.
Yes, gambling is just a game of winning or losing at your favorite club. For some people, there are still a lot of people who are confident about betting on their favorite team, especially if they have a match or their opponent is below them in the standings. Who statistically perform far above their team, of course they are very optimistic and confident enough to bet their money that their team will win against their opponent. The opportunity to win will always be there for anyone, but in a football game anything can happen and no one can predict who the winner will be.
Every football fan will definitely do the same thing, especially if they are fans of strong team and always dominate the competition, of course courage will always appear in betting on their proud team.
It just that for me personally I won't bet everything I have on the favorite team, there will be lot of consideration and also looking at the chances of getting the right odds because not everything will go as expected.
Moreover, betting on clear favorite team with superior performance can give full confidence in achieving victory, this can give you confidence in the courage to bet more.

But unfortunately for this season there have been some very annoying incidents where for certain competitions there were team that were favorites and clearly had much better performance getting results that were not suitable, they suffered defeats to team with lower performance.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
Have anyone ever had confidence in any match that he was willing to be huge amounts to back up the confidence in a match that features his club. A friend of mine recently shocked me with how much passion and confidence he had in his club, man u vs liverpool  that happened on Sunday I guess was a very hard match cause Liverpool was already stomping 0:2 to man United but my friend was telling that man United won't lose the match, so I told him that if he has much confidence that he should stake life, shocking to me he went on and staked 5k on man United win to qualify which was about 7 odds at that time, and yeah it turned out right for him. Can any one do this or was it a foolish move?
I think I can, under certain circumstances that is.

The thing is It's easy to be so confident to your team that you're just willing to bet on them even when you know they are going to lose, to me that's not how things go and matter of fact, a loser's way of dealing with things. A true fan knows his team's strengths and weaknesses, including which teams' his club is stronger, or which ones they are more likely to kick the dirt and weep. I can make a bet with them in full confidence if I know just how strong they are, similar to how your friend right there made the bet, he knew that there's no way his team is going to lose despite the overwhelming odds, he made bank on this information and he profited off of it. Similarly, if I have sufficient knowledge of what my team is capable of, I might be able to do something similar as well.

I have made bets on certain eSports games where the situations are dire, last year I made a bet on T1 winning the League of Legends Championship series despite the fact that they started from the bottom of the ladder, and every other team is losing against this one Chinese powerhouse. Since I know this year's been their strongest, and they never lose against Chinese teams, at least during the competition proper, I made a solid bet.
sr. member
Activity: 1288
Merit: 231
Hire Bitcointalk Camp. Manager @ r7promotions.com
You friend was just lucky. But what I can deduce from this is that he is an amateur gambler and if he continues in this part he is going to lose a lot of money in the long run.

It looks like he gambles on the whim. No proper analysis, no risk management strategies and all. I am not happy that he won because if he had lost he would have lost a valuable lesson. There is no lesson in winning rather it is going to motivate him to do it again. And lead him eventually to chasing losses.

Tell him to gamble responsibly.

It wasn't over confidence it was reckless.

You are right, there are some things we mistake to be over confidence while it was reckless, as for me, I can use because it's my club and took a risk of staking all my money, what if they didn't win? Even if I'm quite sure, they win but I'm not God, anything can happen, it's good and it also has its side effects, just like you said, if I win, I will want to gamble more for more winning which eventually will lead to addiction likewise if I fail too, it's the same thing, I will want to recover the ones I have lose and I can't take the risks of staking all when I'm also it's not guarantee although gambling it's all about risks taking but not in this case.
sr. member
Activity: 616
Merit: 274
Can any one do this or was it a foolish move?
Though I can't really call it foolish move because gambling is a risk which you either win or lose. Whosoever that is not a risk taker can never gamble, though it was a more risky game because from your explanation man united was already losing 0:2 to Liverpool that is why it was possible for the man united odd to have increased to 7odd otherwise it will have reduced to maybe 1.10 odd if man united was wining. So the higher the risk the higher the amount in return.
Yes, gambling is just a game of winning or losing at your favorite club. For some people, there are still a lot of people who are confident about betting on their favorite team, especially if they have a match or their opponent is below them in the standings. Who statistically perform far above their team, of course they are very optimistic and confident enough to bet their money that their team will win against their opponent. The opportunity to win will always be there for anyone, but in a football game anything can happen and no one can predict who the winner will be.
full member
Activity: 868
Merit: 202
i will never bet more than i can afford to lose even when i know that the team i bet on will win the match. because i think it is quite stupid for me if i bet a lot of money on a match that i am confident will win, since i do not know what the result of the match will be, because the team i bet on could lose and then i lose all the money and i don't want that. i don't want to regret my bet and only want to gamble according to my ability, even when i am confident in the team i bet on.
hero member
Activity: 2730
Merit: 632
You friend was just lucky. But what I can deduce from this is that he is an amateur gambler and if he continues in this part he is going to lose a lot of money in the long run.
He did not tell us if he is a core glmaber but he said he staked on his club because they argue who is going to be a winner. Also know that the 5000 may not be $5000 but in local currency that may not have high price like the United States dollar. He can just use the amount of money that he can afford to lose to gamble and which will make him not to be an amateur gambler. Any match can be won. The professional gamblers will go for the best team to win and yet even lose in some matches.

Yeah he is not a core gambler, he just did that out of pure support and confidence in his team which normally would be against professional gambling ethics that would say you shouldn't gamble with over confidence cause you can as well lose your funds and over confidence can cause you to stake higher than you are normally supposed to, but yeah in his case its just a matter of little cash 5000 in my currency woidl just be around 5$ or close to that. So I think think he wasn't notorious at all just over confident and sraked to prove himself.

when people become very confident in gambling, even if the person is making bets with a very low value and thinks that since they are making a bet with a very low value, that is why they will have no problem being very confident and placing all little their money, yet as time goes by that person will begin to increase the amount of money they will be betting because they will be fearful as time passes while playing. example if in the first month your bet puts a maximum of $5 on each bet and arrives in the second month and he sees that last month he had a lot of hits and ended up with more money compared to the money he had deposited in the casino

so in the following month he will feel too confident and will increase the bet value in each game, he could go from 5$ to 10$ and if he wins and makes a profit, then he will become more confident and increase the bet value even more 10$ to 15$ or more, and when he loses and the cycle of losses begins and when he goes into despair and loses everything, then he starts playing to recover his losses and he will not be able to achieve that goal, and the situation will tend to get worse for he. Unfortunately, the downfall of many players always starts in the same ways. I hope everything goes well with your friend
Yes this is true on what you have said on which if the amount is something not that significant then you wont really be stressing up yourself on where you would be putting up your bets which is unlike if we do speak about all-in bet then this is where things do really changed up even if you do have that 100% belief and confidence towards your club/team or whatever it is but still since we are really that putting up that huge money then you would really be having that kind of thrill on which this is something that we are really that looking for but on the sense that you are already making that all in bet then this is where things to be that different.
If you do have that kind of fan treatment and doesnt mind about on the money that you would really be staking or betting then its your choice.

If you are someone whose really that playing or dealing up with betting then giving your 100% trust with your club or team then its not something that will really be my genre or my path on doing it.
Of course i would really be sticking always with that having that analysis on which you would really be applying. We do know that this cant really be that always depending
if you do support or liking them on which you would really be basing up your choices into that kind of consideration.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
You friend was just lucky. But what I can deduce from this is that he is an amateur gambler and if he continues in this part he is going to lose a lot of money in the long run.
He did not tell us if he is a core glmaber but he said he staked on his club because they argue who is going to be a winner. Also know that the 5000 may not be $5000 but in local currency that may not have high price like the United States dollar. He can just use the amount of money that he can afford to lose to gamble and which will make him not to be an amateur gambler. Any match can be won. The professional gamblers will go for the best team to win and yet even lose in some matches.

Yeah he is not a core gambler, he just did that out of pure support and confidence in his team which normally would be against professional gambling ethics that would say you shouldn't gamble with over confidence cause you can as well lose your funds and over confidence can cause you to stake higher than you are normally supposed to, but yeah in his case its just a matter of little cash 5000 in my currency woidl just be around 5$ or close to that. So I think think he wasn't notorious at all just over confident and sraked to prove himself.

when people become very confident in gambling, even if the person is making bets with a very low value and thinks that since they are making a bet with a very low value, that is why they will have no problem being very confident and placing all little their money, yet as time goes by that person will begin to increase the amount of money they will be betting because they will be fearful as time passes while playing. example if in the first month your bet puts a maximum of $5 on each bet and arrives in the second month and he sees that last month he had a lot of hits and ended up with more money compared to the money he had deposited in the casino

so in the following month he will feel too confident and will increase the bet value in each game, he could go from 5$ to 10$ and if he wins and makes a profit, then he will become more confident and increase the bet value even more 10$ to 15$ or more, and when he loses and the cycle of losses begins and when he goes into despair and loses everything, then he starts playing to recover his losses and he will not be able to achieve that goal, and the situation will tend to get worse for he. Unfortunately, the downfall of many players always starts in the same ways. I hope everything goes well with your friend
sr. member
Activity: 952
Merit: 391
Underestimate- nothing
Yes I have realized that so many persons are so much confident on the match they have already stake, they always believe that they will win and sometimes it turns out the best for them, it really happens and they do take the action of taking all the risk to wait even some do see cash out in their game and they will because of the faith they have with the club and the energy they put into the club and they always make sure it turns out for good, sometimes it is really good to work with your mind and don’t put hope in other people.

There are games in which you will have confidence in some particular club and those clubs would have given you one or two wins from that experience, you have they have earned your trust and you will always want to bet on them any day you are selecting your games and is something everyone do they always have some set of clubs they believe.  there is a limit that clubs like Manchester City will go to that they will lose they hardly lose but they can draw the same thing goes for Arsenal they lose on rare occasions. clubs like that will always be part of the clubs you select when trying to make a win. and it is exciting. when you have faith in them and they can deliver. so because of their continuous win, they have earned people's trust. when they have games they must be included in people's tickets and also like today's game a lot of people are going to go for Real Madrid rather than Dortmund that is the level of trust a club can give you.  the risk might be there but you know the capability of those clubs so taking a risk on picking them is not a bad idea, and everyone will be hoping for Madrid to win because the trust people have in Madrid to win is much.
Pages:
Jump to: