Topic: Focus on how much you may lose and not only the potential win. - page 14. (Read 1959 times)

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.

Get the trite phrase mentioned above out of your mind, it is a misused phrase, some believe it is infallible, so much so that they believe it is anti-addict (or loss of money). In the same way, you cannot give advice that works "maybe" on individuality, but it is not the right way, so, thoughts about how much you are going to lose, really, how do you win then, you cannot think about a bet, the Evaluations are monthly, quarterly, etc., that is, long terms,and always in a focus of profits and losses.

What you are talking about is true and it is a fact that someone will definitely think about betting a large amount if he knows that today he will win and I admit that sometimes I also think like that when I win and to be honest I regret betting small if in the end I win but it is true that's the amount of money I can afford to lose, so I always think about the risk of losing and I always remember that winning in gambling is always uncertain, so even if I win a small amount, I'm still grateful for it and don't try to bet an amount of money that I can't afford to lose us from the risk of greater losses.

And yes I agree with you @OP it is better for us to think about the risk of losing rather than thinking about profits because gambling is a game of chance, if we take risks in increasing the bet amount then we must be prepared to lose that money.

An advice that makes sense but that most gamblers will not follow since it is very rare for a person to think this way about anything, they always think about how things will happen exactly as they want them and they are really surprised when this is not the case.

However there is a way around it, and that is by making a budget first in which all your money is distributed to the different areas that need your attention, and only once this is done you can use whatever money that is left to gamble, this way even if you were to lose all of that spare money, it will not have too big of an effect on your finances.

That's why they say: Bet only what you are willing to lose and not how much you would like to win.
Gain is a likely consequence, loss is a concrete reality that will occur!
It can be distressing to see a victory and think that it could be 5x bigger if you had more courage, but the pain of losing 5x more money than you were saving to pay a bill is much more painful. That's why I always say that we should be happy with every victory, even if it's a shame, because if it's consistent, it's possible to reach 5x without taking big risks.

It's indeed a good thing to consider the other side of the coin. It is indeed a possibility to win, but it is also equally a possibility to lose. The problem with many gamblers is that we are sometimes too assuming, too excited for the possibility of winning that we sometimes forget not to equate it with certainty.

Even myself I sometimes plan or compute how my betting would be after I win this or that amount, but it is not actually the reality. The reality is that I have yet to win all of those money. And winning is not even assured.

I used to have that mindset in the what-if scenario, it is greediness that takes over our mind that is why later on we take on high-risk betting because of that what-if scenario we focus on the what-if we are going to win so with this we keep adding our bankroll and wage more.
This is how we cultivate addiction to gambling we calculate our potential win disregarding the money that we are going to lose and this is how newbies lose their control because they focus on potential wins, of course we all know newbies posting here about methods that they've stumbled not knowing that those methods are obsolete I'm talking about martingale.
Martingale has become a big trap for many newbies because they calculate that they are going to recover all their losses and eventually win disregarding the large bankroll they need to use the martingale.

On the time that kind of mindset kicks in on which you do assume that your next bets would be a win, then the nearest thing that you would really be doing because you do have that kind of boost
up in mind that the next one would really be that bigger. I do agree on what people been saying that it wont really be that much of  concern if you are losing that a long streak because it is really just that a normal for a gambler behavior that one single big win will really be wiping up those losses and this what makes you that  dedicated on proceeding until you would be finding yourself that getting bust up.
This is why it would be always important that you should really know on how to assess things carefully whether it would really be giving out such bad impact or not.
Its impossible that you cant really be able to assess things accordingly.

Absolutely, mate. It's a common scenario in the gambling world where individuals, despite winning, wish they had staked more. This sentiment often stems from a mix of greed and a desire for larger gains. However, it's important to know that there's no surefire way to predict outcomes in gambling.Gamblers sometimes overlook the fundamental aspect that luck is a significant factor, overshadowing any perceived skill. The idea of a "professional gambler" is often a misconception because, in reality, the unpredictability of luck remains a constant.

Winning today doesn't ensure a similar fortune tomorrow. It's wise not to assume potential winnings from larger bets and, instead, appreciate and focus on what you've actually earned. Consistency in luck is rare in gambling, making it essential to approach each session with a level-headed perspective. A key principle is to always gamble within your means, using money that you can afford to lose. Avoid the temptation of putting all your funds into a single bet in the hope of a substantial win. Diversifying bets would be a more realistic strategy for a gambler.

Many gamblers usually feel this way; they think that because the game played in their favour, they have made the mistake of not placing a bet using a higher amount, which could have increased the amount that they could have won from the same game, which is a very bad way to look at games and winnings.
 
Most gamblers with such behaviour, if time is not taken, try out another game, and if they happen to win that one again, the next game, which they will have higher confidence that they will win, might tempt them up to the point where they will need to borrow money in order to complete their wager with the hope that they will be refunded when they win, and such games always turn out the other way around. Most gamblers just need to learn the hard way.

I always calculate how much money I am willing to lose and when I put the money in the casino I will play for how long if I am losing consecutively, this helps me to have an idea of how I can manage the money I have so that I play for longer without me putting more money into the casino, then I put the money into the casino and always bet with the same amount of money, for example if I bet 1$ in a game and lose, in the next game I will bet 1 again $, even if I lose again, in the next game I will bet $1 again, that is, I don't chase losses, because when you chase losses you lose control and start to become bankrupt.

when I put $1 in a game and win, I still put $1 in the next game, I don't think I'm the biggest bettor when I get it right, I don't increase the amount of money when I get it right, that is, regardless of whether I always lose or win I put $1 on each bet when my bankroll is small and I aim to play for a long time without putting more money back into the casino, this is a strategy I use because I don't have a lot of money to keep playing. For example, if I set $10 to play for 1 month, then this means that each week I will bet on 2 games and there will be a week when, if there are good games, I will bet $3 on 3 games.

If I manage to leave with a profit and end the month with more than 10$, then in the following month I will put more money in each bet, something like for example if in the following month I have 20$ then each week I will bet 4$ in each game, that is, in each game I will put 2$ and not 1$ as I did in the month I made the deposit, if I lose all 20$, I will not be sad because from the beginning I already have it in my head that the 10$ They are destined to play and lose everything and I won't miss them. having good financial management, having good bank management, having good time management are the key to not complaining or not being sad when you lose and are the key to not becoming addicted

I think there is no question here and the OP has explained the most important thing that gamblers must have both in terms of the limits that all gamblers must have and also with the perspective that must be applied to a win. However, putting any amount that we can be responsible for whatever the final result is, especially losing, will be a much better choice than putting a large amount. I can only conclude that if you gamble by putting a large amount then there is clearly something you are looking for, it seems that your goal is to get a bigger return (winnings) and that is greed.

The scenario that you should have gotten a much bigger win by putting a big amount but at that time you only put the amount you could afford, I think regret still has the possibility to happen because obviously if you put a big amount at that time then the win you achieved must also be much bigger, but this is the wrong mindset and point of view on gambling. The OP already said that we should focus more on the risk of losing than the chance of winning, because gambling is about luck and maybe you already know how difficult it is to get that luck. So I think there is no harm in not regretting at all because after all prevention is better than cure.

It's basically driven by an element of regret in trusting your own judgement and it is not limited to just gambling, it can seep into all avenues of life. Whether you're buying a stock, or stocking up on a particular product that is on special offer or not buying the house of your dreams at a particular price that was offered. Basically you should assess and take any perceived opportunity that you can if you want to have satisfaction in life, but it'll take you quite a few years of reflections on missed opportunity before you might understand what is worth taking. You shouldn't be greedy either and in the scenario posed, I'd be more than happy walking away with a nice profit because you can become bitter if you dwell on it.

This raises an important question: how can a player know when to stop, even if he has won a lot. A lot is also a different amount of money for everyone. Some people will set the winning limit at $2k, while for others $500k will not seem enough and they will want to play more. I also consider it an important point that even if you stop and leave the casino, this winning will end, because almost all players will begin to deny themselves nothing, and there will be nothing left of it. There will also be many relatives and friends who will want you to lend them money. In the end, you can end up without money and with friends who are offended by the player.

Focusing on losses is much more important than thinking about potential gains, I'm sure of that. It’s like comparing reality to distant dreams. And if the player does not think about losses, then these same losses will make the player think about them.

This same thinking can make people to go borrow money to gamble knowing too well that even though they increased their wager the likelihood to win is very less so why go ahead to increase and regret at last. Inasmuch as i know there is no clear winning or I am not monitoring the games closely i won't bother myself to start thinking of a game or match I am not sure of due to greed engulfing over him.
We should be more focused with what we have already planned to gamble with and the outcome should be satisfying instead of looking for a more bigger pay out.

This doesnt really only happen on gambling but also in investment as well on which on the time that you would really be that assuming that what if you would be able to stake much bigger amount? You would really be definitely be having those kind of assumptions and thinking that what ifs then this is where you would really be starting on making those bigger stakes because you would really be going having those assumptions that you would really be having on the same luck that you have that encountered. You would really be going into a point that you would really be that too desperate and now that you have those winnings then stakes would become that
higher because you would really be assuming that you would be able to get on the same hit without even realizing that everything was just that because of luck.

Having no contentment and you are really that something that too greedy what makes these kind of mistakes do really happen. You arent really just that making yourself that grateful on the things that you are currently
dealing or having with.Human beings are naturally  greedy but there are those people who are really that having those kind of approach on things as if it was really just that right
but the truth is that they do become  that too delusional.

On the one hand, we are talking about loss control. On the other hand, if a person thinks about losing, it will be more difficult for him to win, because winning in gambling is associated with great risk. So we are faced with a dilemma - to fear losing or to take risks. Sometimes winning comes when everything is at stake

The gambler who get into the gambling at the early stages will try to make the big bucks as their winnings.But later only he will accept the way of the approaching towards the gambling,So he will do the accept of some dollars as the return.This was the fact used by the experienced gamblers,if you are new gamblers with less experience.You should also accept the words of the experienced gamblers,they will share their own opinions to the new people.You should add additional knowledge along with the words of the experienced gambler.Then the output will be good then the expected one in the gambling site.

The stake of dollars always give them the money,but he should check the website.If the exchange is good enough he can use the money to hold as the stake,surely he will get good returns daily from the same site.But if he had good knowledge in the gambling site,he can do the gambling rather than staking in the unknown website.Even the trusted exchange will get away from us like the localbitcoin,So it’s better to do the gambling if really you had the good knowledge in the gambling and don’t play all the game in the gambling site.Choose one game and improve your skills in the game.

A full understanding of this topic will help people to stop chasing profits unnecessarily. The eagerness to make profit at all cost makes people to keep pumping money into gambling even when it is obvious that the profit they are chasing isn't forth coming. And if they eventually make one win, they stake more money to win more and the cycle continues. Sometimes people might tag it as greed (which is correct in most cases). It usually starts when the gamblers involved begin to see gambling as a ticket to wealth. If they do not call themselves to order, they will gamble away all they have gathered so far. Gambling is sweet if played well but if you do not play your cards well, you will regret knowing about gambling in the first place.

Before we gamble, we should allocate a certain amount of funds for gambling, and whatever we use, the amount will still be below the amount of money we deposit. But the problem is that there are still many gamblers who have deposited a sum of money, say $100, as capital to play gambling. But he experienced loss and lost his $100, so he finally deposited another $100 to continue gambling. That means he has exceeded his limit because he has already used $200 for gambling.

But if he could win after using $50 and managed to win $150, he would immediately stop gambling. He will take a short break before deciding to continue gambling or deciding to end his gambling game. And if he is a wise gambler, he will decide to stop gambling and enjoy his winnings.