Focus on how much you may lose and not only the potential win. - page 13.

Juse14

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Quote from: RapTarX on January 03, 2024, 11:32:19 AM

Quote from: Juse14 on January 03, 2024, 11:30:52 AM

in fact the more ambitious you are to win, the more difficult it will be for you to get that win.

If someone is running after chasing the wins, I guess they are likely to lose their bankroll so fast.

And that's a fact, and I've also experienced this, that at that time, at the start of the game I got a pretty big win. And stupid as I was, I didn't end the game and withdraw the winnings. At that time I acted silly by deciding to continue the game, because I thought that luck was on my side and I thought that this was a good start for a better final result. I am ambitious to get a bigger win than before, so I decided to increase the bet amount and increase the nominal amount. And what happened next? The money from the previous winnings ran out, I went back into gambling and because I was still curious and still thought that luck was still there, I turned the money in my wallet around again to make a deposit. And in the end, the money from the winnings was lost, and the contents of the wallet were also drained.

Accardo

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Gamblers have different reasons why they'll regret whenever the game plays in their favor. First, the player is greedy and doesn't appreciate his lucky days then the instincts and time he utilized before wining the game. Second, he thinks gambling of a place where regret matters. Those who regret no matter how early, it's too late, and nothing could be done about it. Hence they should enjoy their money and try again next time. They also go ahead to make the mistake of staking high amount of money on their next game, which may not play in the player's favor, and he'll still complain over losing much money in gambling. They regret at any outcome; win or lose. I'd say that gamblers need to be prepared when gambling, not just gambling for money sake. The person can not be satisfied. I've seen numerous cases where a gambler gets sad even after winning money. Because he's bothered that he could have wagered a bigger amount.

Pierre 2

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I would argue that some people will think this will be counterproductive idea because focusing on loses will make you pause a lot - so it may kill your gambling mood and chance. They definitely have a point. But its quite safe to point out, most of gamblers are not millionaires so they definitely need to do budget experience safe gambling lifestyle. It can be lot more enjoyable to gamble if you see your budget staying balanced even if you regularly lose.

Kelvinid

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We'd rather not gamble if we think about how much we lose as I believe we are not desperate enough but rather think of a way to win.

Gambling responsibly is very important not just to avoid big losses but also, we are controlling ourselves from being greedy. Many gamblers think that if we gamble more, we are increasing our chance of winning. Well, that can be true but not all the time because this will also increase our chance of losing. That is why we should stick to our plan and the said limitations.

Stable090

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Quote from: Lida93 on January 03, 2024, 09:19:12 AM

There are gamblers that have a bad plan or no plan at all about their life, they gamble with whatever amount they have rather than what they can afford to lose that won't be a worry to them if lost.

When you are chasing your lose, or you are just desperate to make money from gambling, then you won’t be able to plan yourself. All what you have will always be spent on gambling, you might be chasing lose, or you might be gambling just to hit a jackpot, so even if you are losing, you will always have confidence to win if you don’t give up. The only people that are able to work according to there plans are the once that gamble just for fun, they are always finding it to caution themselves when gambling, and most of them won’t gamble with the amount that’s going to affect them if they lose.

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Quote from: Lida93 on January 03, 2024, 09:19:12 AM

There are gamblers that have a bad plan or no plan at all about their life, they gamble with whatever amount they have rather than what they can afford to lose that won't be a worry to them if lost. There's this thought that am sure almost every gambler that have won a bet before must have had. which is the thought of "had I knew this game was going to win I would have used bigger amount of money to wager".

This is the mentality of an addicted gambler. He will always remain certain that winning in a few opportunities is able to compensate for many losses, and that he is luckier than most gamblers and the casino house itself.

The proposal you are putting forward can be understood by a rational person capable of understanding the gambling system and understanding and organizing its finances. These cannot be the characteristics of an addicted gambler whose mind cannot prevent him from continuing to destroy his finances in addition to the rest of the damage.

dunfida

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Quote from: Lida93 on January 03, 2024, 09:19:12 AM

There are gamblers that have a bad plan or no plan at all about their life, they gamble with whatever amount they have rather than what they can afford to lose that won't be a worry to them if lost. There's this thought that am sure almost every gambler that have won a bet before must have had. which is the thought of "had I knew this game was going to win I would have used bigger amount of money to wager".

A situation where the stake for the bet he won was $1k, the next statement you hear is how wish I knew I would have staked with $5k. The question is, the $5k is it an amount of money that you can be comfortable losing or it's just out of greed that you are not contented with the win amount the $1k gave you.

The fact that you won using $1k today doesn't give assurance that if you had used higher amount or that your next bet that you probably increased the wager in order to win a bigger amount will play. As gamblers let not focus all attention on the amount that we may by chance of luck win but on what we are to lose should we fail to win the bet, in that way we won't spend on gambling above what we can afford to lose.
Stay in check!

Contentment is such an issue for most people on which we do know that it would really be that always best that you should really be having more rather than on being less.In talks about having those limited base bet
then we do know that not all would really be able to afford on making out such bet and if ever they would really be having those kind of looking back into the past on how much that they have been able to
possibly win if they have been just make use of bigger amount then this is where people would really be loving on thinking up about the past. This is where that desperate would really be kicking out first on the time
that you would really be making yourself that too desperate on things just because you do have those kind of mindset on having no satisfaction on the current winnings that you are getting.

It is really that normal for gamblers to be that greedy and this is why its not shocking that they will really be having that kind of approach on things and might be busting up
themselves on the next situations that they would really be that into. There's no way that people would be that easily get contented and would be projecting out those
things that they could potentially win if they had made out such bet.

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Quote from: ethereumhunter on January 04, 2024, 09:25:17 AM

Quote from: Natsuu on January 04, 2024, 08:02:45 AM

Well it’s important for gamblers to approach betting with a well-thought-out plan, focusing on what they can afford to lose rather than being driven by greed. Winning with $1k doesn't mean going all-in with $5k is a sure shot. Don't let the thrill overshadow the reality of potential losses.

If they focus their plans on recovering from their losses, they may find it difficult to recover from their losses. They may lose more and possibly more than the money they have deposited. But if they have won a certain amount of money, they shouldn't be greedy in chasing other wins because that could trigger them to experience defeat. After winning, it does not guarantee that you will be able to win again, so you should immediately stop gambling and withdraw the winnings if you have reached the minimum withdrawal limit. If you can't achieve it, you can leave it in your gambling account to use it at another time.

I agree with your assumption, I think the fact is that it is true that however in gambling if you try too often with the aim of chasing something that has been lost or chasing the break-even point then the number of losses will be more, hmm yes maybe they think that by doing a lot of experiments then they will get a lot of wins or even with large amounts, but the fact is that it is very wrong if you apply such an approach to gambling which basically does not have any certainty for the results.
The randomness of how gambling works really makes it difficult for gamblers to win, but you can't do anything about it and you can only accept the fact that the number of losses is increasing. Cashing out when the situation is really lucky is the thing that must be chosen, how can you sacrifice the obvious victory you get with something bigger but still does not have any certainty? Awareness must really be emphasized so that you can choose the right thing especially when such situations rather than applying greed.

ethereumhunter

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Quote from: Natsuu on January 04, 2024, 08:02:45 AM

Well it’s important for gamblers to approach betting with a well-thought-out plan, focusing on what they can afford to lose rather than being driven by greed. Winning with $1k doesn't mean going all-in with $5k is a sure shot. Don't let the thrill overshadow the reality of potential losses.

If they focus their plans on recovering from their losses, they may find it difficult to recover from their losses. They may lose more and possibly more than the money they have deposited. But if they have won a certain amount of money, they shouldn't be greedy in chasing other wins because that could trigger them to experience defeat. After winning, it does not guarantee that you will be able to win again, so you should immediately stop gambling and withdraw the winnings if you have reached the minimum withdrawal limit. If you can't achieve it, you can leave it in your gambling account to use it at another time.

Richbased

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Quote from: Lida93 on January 03, 2024, 09:19:12 AM

There are gamblers that have a bad plan or no plan at all about their life, they gamble with whatever amount they have rather than what they can afford to lose that won't be a worry to them if lost. There's this thought that am sure almost every gambler that have won a bet before must have had. which is the thought of "had I knew this game was going to win I would have used bigger amount of money to wager".

Though most gamblers normally say that about if they new they gonna win a bet that they would have staked with an amount higher than the amount the placed the bet with but however, no matter any amount that's being won in a bet you should be contented because having this exaggeration of staking higher amount in a won bet might lead you to major losses next time because you might still have that feeling that you're going to win again and stake huge amount before you know it the bet losses and all your money is gone. So if you're lucky to win a bet, no matter the amount just be contented and don't hope to stake more higher amount next time

Natsuu

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Well it’s important for gamblers to approach betting with a well-thought-out plan, focusing on what they can afford to lose rather than being driven by greed. Winning with $1k doesn't mean going all-in with $5k is a sure shot. Don't let the thrill overshadow the reality of potential losses.

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Quote from: terciduk123 on January 03, 2024, 11:06:22 PM

Focusing on how much loss we're willing to suffer in gambling is a good thought, so we don't fall into regret, but I'm more focused on how to make a profit in betting, without thinking about big or small profits, because it all depends on the capital we have, then the strategy in the gambling, and the strategies in managing the amount of bets.

I'm much more willing to focus on the potential win and profit instead if focusing in my losses because we can't get back the money that we've lost. If we continue to chase our money, maybe in the end we will only be more wrecked and wasted, worst is being in debt, right? I just console myself that even if there are times when we lose the gamble, we will get lessons and strategies that we can use in the future. For me, it's better to focus on what can be done to win than to think about everything we've lost, because that will surely affect our thinking and actions while doing gambling.

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Quote from: panjul07 on January 04, 2024, 07:36:50 AM

-snip-
Once I lost then the regret I got is bigger when I'm focusing too much on how much I may lose.
That's why I said managing bankroll is better as it will cover almost everything (financially and mentality), and it will give me more fun while gambling instead of fear of losing.

Regret when experiencing defeat will feel many times over until it is carried away by dreams (because I feel that too).
This will greatly affect someone's mentality, especially me who doesn't gamble too often, just play and bet for fun and there is no target to win big because the limit of funds is also very minimal. .

And I just want to ask you, As long as you gamble the winnings or losses you often get?
Probably have an average count of every gamble you have done during this time,
If it's just having fun, it's certain that there is nothing to count for losses and losses because it's like just paying for the game.

panjul07

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Quote from: _act_ on January 03, 2024, 10:12:03 AM

Quote from: panjul07 on January 03, 2024, 10:08:17 AM

I have different point of view tbh, I will not focus on how much I may lose as well as the potential win but I'll focus more on how to manage my money.
Too much focus on how much you may lose will not good as it will bring negative mindset mindset and can be something stressful for some people.

If you focus on how much you will lose, that means you will focus on how to manage your money that you are using to gamble, having gambling budget and not using more than what you can afford to lose. So this makes me not to completely agrees with you. It is good to focus on how you can lose for you not to fall victim of gambling loss.

You are free to agree or disagree, we have our opinion for anything and I'm expressing my opinion based on my own experiences a gambler for years.
I was at the time when I focus only how much to lose, what did I get? I cant gambling relax as I'm worrying too much of losing although I had my own limit.
Once I lost then the regret I got is bigger when I'm focusing too much on how much I may lose.
That's why I said managing bankroll is better as it will cover almost everything (financially and mentality), and it will give me more fun while gambling instead of fear of losing.

virasisog

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Greed is the number one problem when gambling. There are times that I set a certain amount or just deposit an amount that I can afford to lose but sometimes go beyond that budget just to try to win back my losses, a few times that I've won a decent amount but lost it all by the end of the day because I want to win more. People as we are we don't have contentment, if we do, those who are already rich would've stopped wanting to become even richer, but we live in a world where money runs everything, the more money you have the more powerful and capable you feel.

As much as possible I try to be contented when gambling and take it as my past time, whenever I win or lose a certain amount I just think of it as an extra bonus while having fun, that way I won't have any regrets gambling.

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Quote from: famososMuertos on January 03, 2024, 10:36:15 PM

Get the trite phrase mentioned above out of your mind,

That's a real shot, I'm not really sure if a gambler can resist saying "ok maybe one more time, what's the harm?" when the previous bet fails. Interactive gambling really tempts you to place more bets. If someone has $1k in his account, that doesn't mean he doesn't have reserves elsewhere to catch up on the $1k he might lose. On the other hand, if we talk about numbers, every big win of one person is a small loss for many others. This means that those who lose will always come back to win someone, this is the gambling matrix.

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Quote from: Lida93 on January 03, 2024, 09:19:12 AM

A situation where the stake for the bet he won was $1k, the next statement you hear is how wish I knew I would have staked with $5k. The question is, the $5k is it an amount of money that you can be comfortable losing or it's just out of greed that you are not contented with the win amount the $1k gave you.

For me it was greed because there was an amount that was raised and it was quite significant, especially because I saw or regretted it because the previous bet turned out to be a bigger win if the bet was bigger.
Whatever result is obtained should not be the reason for the gambler to increase his bet unless he has done the calculations and the value he increases is indeed the limit of his ability to lose. Gamblers who like to think "what if" will have difficulty maintaining their limits because they cannot accept the results they get.

CODE200

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You don't have to do that, you know why? Because you'll be paralyzed at how much you're going to lose in gambling and so you end up not playing anymore which is bad in a sense that you end up not enjoying the gambling experience if you continue to gamble because you will be thinking of the potential losses which breaks your concentration so do watch out if you want to look out on your losses because it's going to be a lot of money compared to looking out for potential win, in fact don't even prospect on potential wins, always remember that you don't count the chicks when the eggs hasn't hatched yet.

Maybe you can do this if you want to limit your gambling times or make yourself get more conscious about your gambling since you're seeing how much you're losing, pretty good deterrent into furthering your gambling addiction if you ask me.

terciduk123

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Focusing on how much loss we're willing to suffer in gambling is a good thought, so we don't fall into regret, but I'm more focused on how to make a profit in betting, without thinking about big or small profits, because it all depends on the capital we have, then the strategy in the gambling, and the strategies in managing the amount of bets.

len01

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this condition often occurs in most gamblers' minds and is very common. I support your statement that this condition will indeed occur in gamblers who have experienced wins before and always say what you say.
even though if he can win using $1k that is already his luck because even if he uses $5k it doesn't necessarily mean he will be lucky because it's all about luck on that day. this is like regretting without thinking about the long term because if you bet $1k, you probably won't have to bear the heavy burden of regret, but if you use $5k but lose, regret will definitely put pressure on your mind and make your mind confused which can have bad impacts such as regret and want to chase losses.

I never do that because after I have full control over my gambling activities, every time I bet, I always estimate the amount I can afford to lose so as not to get disappointed in the long run.
what is certain is that whatever we get today or yesterday is luck that we have got and we have to appreciate the victory even though our minds sometimes say that if we bet bigger, that doesn't necessarily mean that luck will come. respecting money is the key.

Topic: Focus on how much you may lose and not only the potential win. - page 13. (Read 2095 times)