Can you stake it all put of over confidence in your club - page 6.

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Quote from: alastantiger on March 20, 2024, 03:13:34 AM

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.

Certainly right. We have this beginner’s luck that made us win in the start, and when it’s gone, we all end up with losses. Probably that’s how your friend was able to win that time but if he keeps believing that confidence will make him win from gambling, that’s a very wrong mindset for any gambler. To be honest, it’s always the house that has the biggest advantage in gambling, and if ever we start seeing winning, it’s not because we are good and lucky, but because they made us win so we can bet more and finally put us into the losing end, that’s how deceptive the casino is.

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Quote from: JoyMarsha on March 21, 2024, 04:11:59 PM

Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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At times when we predict a match to win in our favor and it happened the way we predict it to be, we can saying that we were over confident that they match will end that way, not knowing we were only lucky about our prediction.

Your friend won't say he was 100% confident that Manchester United would win against Liverpool at initial. He only tried his luck and was lucky the match ended in his favor for Manchester United to win Liverpool.

It is normal for someone to feel the way your friend is feeling right away because if I had a bet with friend towards a match bet and happened the way I predicted it, I will be feeling on top about my prediction I got correct

High expectations can sometimes cloud our judgment that leads us to believe what we want to believe rather than objectively considering the facts or probabilities. Our predictions may happen to align with the outcome, it's natural to feel a sense of confidence and even pride in our foresight. But there is always the role of luck in predictions. His experience with predicting the outcome of the match between Manchester United and Liverpool is a classic example. While he may have placed his bet based on his assessment of the teams, winning the bet doesn't necessarily mean he had absolute certainty in Manchester United's win from the beginning, rather, it signifies a fortunate alignment between his prediction and the actual result.

Feeling on top of the world after a successful prediction is understandable, because it validates our analysis and understanding of the situation. Betting needs to maintain a level-headed perspective and recognize that luck can play a significant role in such outcomes. This awareness helps us approach future predictions with humility and a realistic understanding of the inherent uncertainty involved.

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Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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?

At times when we predict a match to win in our favor and it happened the way we predict it to be, we can saying that we were over confident that they match will end that way, not knowing we were only lucky about our prediction.

Your friend won't say he was 100% confident that Manchester United would win against Liverpool at initial. He only tried his luck and was lucky the match ended in his favor for Manchester United to win Liverpool.

It is normal for someone to feel the way your friend is feeling right away because if I had a bet with friend towards a match bet and happened the way I predicted it, I will be feeling on top about my prediction I got correct

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Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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?

When you say 5,000, is it in his local currency or is it $5K? You need to be specific so that we can know what the amount you are talking about is worth. For example, the money you taught is big for the person but might actually be a little money to him depending on his worth and earnings.

To answer your question, there is no amount of confidence that I will have in my club or any team that is playing against another that will make me place a bet very high above my wager limit. I don't take that risk, and it's not a good gambling tactic.

Even if the game plays in his favour, that's good for him, but what will happen if the game oesn't? You just need to set a rule to stay within your limits in order to still be in control of the game, as there is no sure bet on gambling.

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Quote from: Mr.suevie on March 21, 2024, 02:25:19 PM

Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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?

Well I don't know, but the impression I got when I read the thread was what's the definition of staking it all? Because I know I can stake some fraction of cash for any team that I love despite even if they are losing besides that's why it's called fun gambling but if it's the other way round by risking a huge amount or something I know will affect me when the loses come then you can definitely count me out

I think that is a typical example of gambling for fun. I also think even though we want to gamble for fun, we need to be wise and gamble with caution. Not everytime we need to keep taking decision that would tag us as a fun gamblers but rather keep taking steps that would prove we know what we are doing and ready to make money from betting. Whatever we are doing doing for our team as a gambler and also a sport fan, we should do it for fun not taking things too seriously.
If we can be patient enough to student the match we want to bet on, we could make profits even if we are betting on club we supports, there are so many ways we could do this without losing money.

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Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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?

Wait, are you going to say betting as much $3.65 (5k Naira) was the craziest thing your friend did on the Manchester United vs Liverpool match? This may be a large amount for your country's currency, but if you discuss this globally where the USD is the dominant currency, it is not worth it.

Some gamblers bet tens of thousands of dollars on the game, some even hundreds of thousands. I can't imagine it's a big danger to your friend especially since it's only 5K Naira, let alone the conversion value to USD is very small. It wasn't anything crazy or stupid, unless it was something that kept him from eating for a week.

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I was just like that when I was new in gambling, whenever I am confident with the match up I would stake it all or bet a huge amount.
I guess I stop doing it after losing on match that I had high hopes on, and learned to control or limit my bets even if I know that the chance of winning is high.

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Basically, everyone is free to use the money they have as they wish. do you want to use it to place bets or something else. However, this is very important to pay attention to, is this a good thing to do or not? And have we considered the risks involved?

And for me, placing a bet of 5k on a football match would be a very risky action, especially if most of the money being bet is someone else's wealth. Even though your friend feels quite confident in his prediction, he must remember that the outcome of a match is never certain, so there is a big possibility that he will lose the money he bet. And if someone makes such a bet, it is quite important to ensure that they do so wisely and with wise consideration.

Placing large bets on football clubs, this may seem fun at first glance, but if this becomes a detrimental habit, then this could be a danger sign for something even worse. Betting with an amount of money that we are ready to lose is a necessity that we must apply every time we place a bet.

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Quote from: Mr.suevie on March 21, 2024, 02:25:19 PM

Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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?

Well I don't know, but the impression I got when I read the thread was what's the definition of staking it all? Because I know I can stake some fraction of cash for any team that I love despite even if they are losing besides that's why it's called fun gambling but if it's the other way round by risking a huge amount or something I know will affect me when the loses come then you can definitely count me out

You're absolutely right. Gambling should only be about fun and recreational purpose and nothing else, that's why it's advised for people to always have this at the back of their mind, because it is only when people view gambling as a means of multiplying their fortune that you see them taking unimaginable risks all in the name of trying to win big or trying to recover the money they have lost. i like the instance you sighted about yourself betting on the team you love whether they are winning or losing because at the end you've still had your own share of fun without taking any risk or breaking your bank. this just reminds me of something i saw online about a person who said right now the only sport he bets on is boxing, because if he wins he gains and if he loses, he still gains because he will be satisfied knowing that they beat the hell out of the person that made lose money. Grin

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Quote from: LFC_Bitcoin on March 21, 2024, 01:42:40 PM

Always gamble by utilising your head, not your heart. Your club doesn’t give a damn about you so don’t risk your finances betting on them to win.

Sure, support your team, be passionate but don’t regularly bet on them to win just because of your love for them, it’s a guaranteed way to lose money.

Exactly you said something right and in accordance with the facts, basically the team you favor will not care about anything you experience there, so all decisions are in your hands which means all the impacts you experience on the decisions you have made are all purely risks that you must take responsibility for yourself and no one else or even your favorite club will care about anything you experience. Therefore, of course, calculate everything well and consider carefully.

Simply put, if you are not able to take responsibility when it turns out that at the end of the session you lose, then it is clearly better to just watch your favorite team compete without betting at all because this way you will clearly not lose unnecessary money if it turns out that you really lose. Basically, it is not a problem to bet because after all it is purely your own money but the most important thing is to bet something that has a high probability only, or in the sense that if for example you believe that your team of pride can win against the opposing team based on the track record of a team then it does not matter.

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Quote from: leonair on March 21, 2024, 01:00:29 AM

Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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 bet for my favorite club but not too big I bet as much as I can afford to lose because I can never guarantee which team will win I like a club but there is no guarantee that the team will win. so we should always be sensitive when it comes to gambling so that we can accept losses very easily otherwise they keep giving us mental pressure. so i wll tell that it is really foolish to bet big amount for fan club with confidence

Gamblers that bets on their favorite team might not feel bad even if their team loses the game that makes their bets to lose. What I understand about people that bet in their favorite team is even if the team loses they will not be too angry on it because they are their favorite and they will always support them even when they didn't perform so well on the game..
Betting on your favorite team might not be bad even when they are losing your the games for you, as you are keeping they team as your favorite you can always be the one to support them even if they are losing for you.

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Quote from: Onyeeze on March 21, 2024, 02:03:11 PM

Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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?

There is something that I want to let us know especially way that is into gambling because when you are a gambler you will know that gambling is unpredictable that is why there is no Club that you can betfully that they will win their match with the confidence without having that fear of losing because you know that you may have the full confidence that this particular Club will win the match at the end of the match another club who you think that we lose win the match that is why it is called prediction because nobody knows what the match will result out at the ending

You might be having those favorites or teams that you would really be betting on but doesnt mean that you would really be sticking in betting into them specially if they are underdogs or someone whose really that at disadvantage. It would really be just that too impossible that you wont really be able to determine on which one would really be that worth to bet on and which one should be left behind. If you do still bet into your
team despite of that disadvantage then you would really be definitely still betting then this is something that do talks about being a die hard fan or having that loyalty but this is something that would really be just that depending on you on where you would be betting.

Going all in for your club? This isnt something that i dont do because once i have seen that disadvantage then it would be just common sense
on where you would really be placing your bet on.

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Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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?

Well I don't know, but the impression I got when I read the thread was what's the definition of staking it all? Because I know I can stake some fraction of cash for any team that I love despite even if they are losing besides that's why it's called fun gambling but if it's the other way round by risking a huge amount or something I know will affect me when the loses come then you can definitely count me out

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Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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?

It seems to me that almost every gambler from time to time risks more than he can afford and of course from the outside it looks very reckless, but such winnings perfectly demonstrate that in gambling a lot depends on luck.

Lately I try not to take such risks, because for me $5k is quite a lot of money, which can bring a good profit with less risk than betting on sports. I satisfy my gambling needs even with $50-100 bets.

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Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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?

There is something that I want to let us know especially way that is into gambling because when you are a gambler you will know that gambling is unpredictable that is why there is no Club that you can betfully that they will win their match with the confidence without having that fear of losing because you know that you may have the full confidence that this particular Club will win the match at the end of the match another club who you think that we lose win the match that is why it is called prediction because nobody knows what the match will result out at the ending

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Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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?

No buddy, actually this has never happened to me, but it has happened many times in which I have full confidence in the matches, even though I won the betting with very small odds. Because most of those results can be predicted in advance, like an weak team against with a best team. Moreover, I have never given such a big risk due to my overconfidence, due to overconfidence I took risks but it was with small funds, and lost them.
Now let's talk about your friend. Even then your friend was win that bet I will not gonna say it is a good Idea, Overconfidence is never be good things and of course, in the sector of gambling, its becomes more dangerous.

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Always gamble by utilising your head, not your heart. Your club doesn’t give a damn about you so don’t risk your finances betting on them to win.

Sure, support your team, be passionate but don’t regularly bet on them to win just because of your love for them, it’s a guaranteed way to lose money.

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Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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 friend is a crazy man; no sane person will do that unless he is really that confident that his favorite team will win. Personally, I would not do that since it is very risky. Even if the opponent of my favorite team or club is the lowest seed, I still wouldn't do that. Maybe for a lower bet, I would, but with that amount of money? I would probably just keep the money. I think that is the essence of gambling; you do not know what the outcome of your bet will be; you just need to keep faith and hope that your bet will hit. This gives us the thrill and nervousness since a lot of money is on the line, and that is how some of the gamblers view gambling as fun.

Anyway, congrats to your friend for winning. I hope that he won't be greedy and do it again Grin

. Just be careful next time. If that bet did not hit, he might be depressed right now. Lucky for him, the team won.

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Quote from: teamsherry on March 20, 2024, 02:58:09 AM

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?

May be your friend was just lucky and won the round. It doesn't always happen like that.
May be your friend knew something about the match that others didn't know.
May be your friend is an expert when it comes to sports betting.
It can be anything but one thing that is firm is that the odds are not in our favor all the time.

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Risking it all or staking it all in gambling is a bad idea.

I don't want to know what you are risking all your money on, either on yoit favourite club or sports, its a bad idea to risk everything you have, most importantly on something you dont have total control over.

Gambling is all about luck, I dont know why anyone will risk all they have on such thing, its obvious that losing is going to be way more easier in this than winning, all the signs are written over gambling but stupid people still think otherwise.

I will never do such a thing for the love of any sports or team, I crave for gambling entertainment and that shouldn't cost me or anyone too much money, I don't gamble to have a life changing opportunity, I gamble to make few bucks and also have some great time.

Topic: Can you stake it all put of over confidence in your club - page 6. (Read 1500 times)