Yesterday, when I was playing Crash, I have caught myself thinking that I watch on how much people bet, how much they won and lose. First I have felt envy, when I saw one guy bet 200-300 bucks all the time for half and hour and cashed out with 2+ multiplier. Among bets in range of 1 sat to a dollar, he was really standing out. Then I have noticed a guy who was betting a dollar and did not cash out until rocket passes 10x. I was also amazed how a guy bet 1k, and lost it when the rocket banged at 1.00x, then he immediately made another 1k bet and the rocket banged at 1.03x. Then I saw him winning +5k bucks.
That is how the idea of this topic appeared. I watch others gamble, I watch how the bet, I start to think about betting more than usually. Do you have such feeling also? Do you have a feeling that if others make large bets, that you also must bet large, otherwise you would feel like uncomfortable, or feel like a poor among rich, or something of that kind.
its a normal feeling to push yourself a bit harder in whatever you're doing when you see others that are into the same thing with you being more profitable than yourself but you have to be matured with how you go about comparing yourself with them.
Their is no guarantee that if you stake more that you will have better result so the best thing you can do for yourself as a responsible gamer is to plan your gambling routine and the maximum minimum amount you can work with on a daily bases regardless of the turnover of the game.
I think that is what one would call indirect peer pressure and it would be better if any gambler avoid to be affected by it as much as possible, because of all the obvious reasons many have already pointed out here in this thread. Funnily enough, there is a group of gamblers which are very aware of the peer pressure they could be subjected to: poker players.
It is a very common thing for a experimented poker player to try to deceive others on the table about how good their hand is compared to others, so they increase to wager significantly to or not much to influence on the wager of the foes. In that case one either increases the wager as well or lose the round.
It is a similar mechanism with crash, though gamblers are not competing against each other whatsoever, just against the house.
Though, it is not a coincidence the casino allows players to see the wager or the rest of their fellows playing at the same time, so they will also feel influenced by the indirect peer pressure to increase their wager even further and further.