Focus on how much you may lose and not only the potential win. - page 5.

Hewlet

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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.

this is why it is called gambling. It's always not an ideal situation else it wouldn't be called gambling. People would normally want their good prediction to pay off and it's a very normal statement among most gamblers whenever they used an amount that's small to gamble and the game came out successful to always wish they staked with an higher amount of money.

The reality is that if you placed a bet with an higher amount, their is every possibility that you could win or not but every gambler is not gambling just because he is hoping to loose. People gamble because they want to win and that's the essence for such a statement when they placed a bet with a smaller amount.

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Quote from: wxa7115 on February 15, 2024, 07:47:11 PM

In my experience most people go way beyond what we can safely call an optimistic attitude, since they do not even consider the possibility of failure at all, so if they think they can win at gambling they do not even think about the possibility of this not happening.

Which is why they are so hurt when they actually lose, as they cannot understand how something they wanted desperately not only did not happen, but they had to suffer the opposite outcome and they lost money instead.

We can have an optimistic attitude, but we have to realize that we cannot be too optimistic when playing gambling because gambling is full of uncertainty, so we can only use it as entertainment. But if we are optimistic in our work, it can give us the results we want, and that is different from gambling, where if we focus on recovering from losses, we will never be able to recover from those losses because it is a difficult thing. We will only experience losses from gambling and it will increase more and more.

They should learn to accept their defeat and try to end the gambling game so they don't experience more losses. Just let other people continue gambling, but we must be able to prevent other losses by always limiting our gambling activities.

irhact

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Quote from: wxa7115 on February 15, 2024, 07:47:11 PM

In my experience most people go way beyond what we can safely call an optimistic attitude, since they do not even consider the possibility of failure at all, so if they think they can win at gambling they do not even think about the possibility of this not happening.

You're correct also why will you be thinking about losing when you know there's something called the power of mindset, if your mindset is always about lost, you'll lose and not win therefore to increase your chances of winning we have to be thinking positive all the time but as you're having a positive mindset, it shouldn't make you ignore the possibility that you can lose the money that you're staking therefore it shouldn't be a large amount that you can forget if you lost it.

Focusing on negative isn't good energy so I won't advice gamblers to focus on how much he might lose but he should be aware of it and do things that'll make the lost less painful. Staking only smaller amounts is a good way to reduce the amount of money you are going to lose and also not to over gamble by betting on many games. Also not chasing our losses will help reduce how much we are going to lose.

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Quote from: Accardo on February 15, 2024, 08:40:21 PM

Quote from: Dewi Aries on February 10, 2024, 02:06:07 PM

Quote from: Moreno233 on February 10, 2024, 01:14:24 PM

You have made very important point here. Greed is the problem of most gamblers with me inclusive. Instead of focusing on the risk one is taking like the OP suggested, many people focus on how much they want to win. This is the reason some people add more games to their selection when the odd is not as big as they expect, most times it is the games they add that will spoil the bet. Assuming the focus is on the risk, it becomes easier to set winning expectations within reasonable limits.

Yes and most gamblers have a hard time ignoring the greed aspect of it, especially for those gamblers who have the goal of winning then obviously what they have in mind is "doing everything to win" and it is also a fact that when they manage to win then I would not call that a real victory for the typical greedy gambler, The reason is because gamblers who apply greed in their gambling activities will never be satisfied with whatever amount of winnings they manage to get, even though basically it is a large amount that might even be able to finance their lives for a whole month but still they will assume by saying "it looks like I can get a bigger amount to finance life for 3 months".

And obviously with this kind of wrong mindset and understanding it is very difficult for them to be able to apply or focus themselves and their minds on risk management, so simply put, there will be no better results in the gambling they do if they always apply greed and there is only one word they always find at the end of the session which is "regret".

You are in line with the Op's complaints or writeup, the greed in a gambler can cause him too many pains on the long run. Not being able to accept what they've got. Regretting why they didn't wager a bigger amount when there is a win. Those things don't help the gambler emotionally. Meaning that the gambler will never stay happy. What is most crucial as a gambler is staying contented. Those who tend to wager high amount more than they are able to lose, due to greed, feel the pains when the game doesn't play in their favor. Hence, the urge to try again with a higher amount begin to compile in the gambler's mind. Which isn't right. Such behavior as a gambler finishes the player's money really quick. Since a bit of satisfaction is not found in the gambler's mind, it'll be hard for him to determine how much he may be losing. All his mindset is on the winning potentials.

Acceptance is the key but not all would really be having those kind of thoughts in mind on which they are reatlly that tending to secure out and minding about having those tons of wins rather than on loses. Well, this is a common approach on the time we do gamble is that we would really be doing our very best to win up the game without even trying out to realize that losing chances is way more than with winning and this is something that should really be that really be that ideal that you should be wary at least the reality of gambling.You cant win anytime and dont tend to count
into those amounts that you didnt even been able to win up. This is something a very common behavior.

Gamble for fun and dont gamble because you are aiming for some winnings and this is something that would really be making yourself that being too delusional
and hopeful which would causing into possible problems later on.

Accardo

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Quote from: Dewi Aries on February 10, 2024, 02:06:07 PM

Quote from: Moreno233 on February 10, 2024, 01:14:24 PM

You have made very important point here. Greed is the problem of most gamblers with me inclusive. Instead of focusing on the risk one is taking like the OP suggested, many people focus on how much they want to win. This is the reason some people add more games to their selection when the odd is not as big as they expect, most times it is the games they add that will spoil the bet. Assuming the focus is on the risk, it becomes easier to set winning expectations within reasonable limits.

Yes and most gamblers have a hard time ignoring the greed aspect of it, especially for those gamblers who have the goal of winning then obviously what they have in mind is "doing everything to win" and it is also a fact that when they manage to win then I would not call that a real victory for the typical greedy gambler, The reason is because gamblers who apply greed in their gambling activities will never be satisfied with whatever amount of winnings they manage to get, even though basically it is a large amount that might even be able to finance their lives for a whole month but still they will assume by saying "it looks like I can get a bigger amount to finance life for 3 months".

And obviously with this kind of wrong mindset and understanding it is very difficult for them to be able to apply or focus themselves and their minds on risk management, so simply put, there will be no better results in the gambling they do if they always apply greed and there is only one word they always find at the end of the session which is "regret".

You are in line with the Op's complaints or writeup, the greed in a gambler can cause him too many pains on the long run. Not being able to accept what they've got. Regretting why they didn't wager a bigger amount when there is a win. Those things don't help the gambler emotionally. Meaning that the gambler will never stay happy. What is most crucial as a gambler is staying contented. Those who tend to wager high amount more than they are able to lose, due to greed, feel the pains when the game doesn't play in their favor. Hence, the urge to try again with a higher amount begin to compile in the gambler's mind. Which isn't right. Such behavior as a gambler finishes the player's money really quick. Since a bit of satisfaction is not found in the gambler's mind, it'll be hard for him to determine how much he may be losing. All his mindset is on the winning potentials.

wxa7115

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Quote from: arimamib on February 10, 2024, 05:07:29 PM

That is the natural tendency for people to focus more on the potential for winning rather than the possibility of losing when engaging in gambling activities. ⁤⁤Many people may be more optimistic about their chances of success, which can lead to a mindset primarily focused on the potential rewards rather than the risks involved.

⁤It's understandable to be optimistic and hopeful about winning, but being mindful of the potential outcomes, including losses, can help gamblers make more informed decisions and set realistic expectations. ⁤⁤Moderation and self-control are key factors in maintaining a healthy approach to gambling. ⁤⁤Understanding that losses are a normal part of the gambling experience can help prevent impulsive behavior and excessive risk-taking. ⁤⁤It's about finding a healthy balance between optimism and realism that ensures the enjoyment of gambling in which is not overshadowed by the negative impacts of excessive risk-taking or addiction.

In my experience most people go way beyond what we can safely call an optimistic attitude, since they do not even consider the possibility of failure at all, so if they think they can win at gambling they do not even think about the possibility of this not happening.

Which is why they are so hurt when they actually lose, as they cannot understand how something they wanted desperately not only did not happen, but they had to suffer the opposite outcome and they lost money instead.

maydna

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Quote from: Wakate on February 10, 2024, 01:05:51 PM

Quote from: maydna on February 10, 2024, 12:05:08 PM

~snip~

There are many things that need to be put into consideration. Gamblers need to work on themselves and make sure they don't do things that will bring about a condition that will keep making us to keep losing. We can also make money from betting but when we are doing it in a way that we are not ought to behave, this could cause a big problem to our mental health. Many of us are always talking about how much we have earned from gambling but we do make the mistakes of thinking about the amount we have lost. Some gamblers do not even care on their loses, they always want to show the world there winnings so that it will make people think that they are professional gamblers and do not incur loses.

If they have experienced loss, they should leave gambling for a while to calm their minds due to the loss they experienced while gambling. We also cannot play gambling continuously, which will clearly affect our financial condition, and even though we can make money from gambling, it is still not worth continuing if we have experienced loss in gambling several times. Many gamblers continue to think about their losses, so they still want to gamble, which could result in even bigger losses. But if they no longer care about their losses, it will only be a matter of time before they run out of money, and it will be difficult to recover their losses.

Quote from: Moreno233 on February 10, 2024, 01:14:24 PM

Quote from: maydna on February 10, 2024, 12:05:08 PM

~snip~

You have made very important point here. Greed is the problem of most gamblers with me inclusive. Instead of focusing on the risk one is taking like the OP suggested, many people focus on how much they want to win. This is the reason some people add more games to their selection when the odd is not as big as they expect, most times it is the games they add that will spoil the bet. Assuming the focus is on the risk, it becomes easier to set winning expectations within reasonable limits.

We have to overcome the problem of greed so that it doesn't get big because winning the gambling game can make us greedy, and when it gets big, we will find it difficult to control it and will only follow that greed to continue gambling. We must be able to continuously practice self-control to avoid greed and not be tempted to continue gambling after winning. We will try to stop gambling activities before a bigger temptation comes immediately. We can not focus on recovering our loss in gambling because that will not be easy, and we may get more losses if we try.

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Quote from: Quidat on February 10, 2024, 02:24:40 PM

Quote from: Lorence.xD on February 10, 2024, 02:20:35 PM

Quote from: Moreno233 on February 10, 2024, 01:14:24 PM

~

And i would believe that focusing on winning is much more higher of thinking on rather than on having those loses. Only a few of course would really be that mindful about on the losses that they could
possibly be able to make on which there's no way that you wouldnt really be having these kind of assumptions and thinking on the time that you do make some gambling.
I could say that it isnt really that bad for you to think off about those things on which the important thing on here is that you should really know on having that moderation
and having that kind of treatment on which it is really just that normal to have those outcomes, on which these things wont really be making you to be that impulsive.

That is the natural tendency for people to focus more on the potential for winning rather than the possibility of losing when engaging in gambling activities. ⁤⁤Many people may be more optimistic about their chances of success, which can lead to a mindset primarily focused on the potential rewards rather than the risks involved.

⁤It's understandable to be optimistic and hopeful about winning, but being mindful of the potential outcomes, including losses, can help gamblers make more informed decisions and set realistic expectations. ⁤⁤Moderation and self-control are key factors in maintaining a healthy approach to gambling. ⁤⁤Understanding that losses are a normal part of the gambling experience can help prevent impulsive behavior and excessive risk-taking. ⁤⁤It's about finding a healthy balance between optimism and realism that ensures the enjoyment of gambling in which is not overshadowed by the negative impacts of excessive risk-taking or addiction.

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Quote from: Lorence.xD on February 10, 2024, 02:20:35 PM

Quote from: Moreno233 on February 10, 2024, 01:14:24 PM

Quote from: maydna on February 10, 2024, 12:05:08 PM

Quote from: Lida93 on February 04, 2024, 12:01:29 PM

Greed is an enemy to any profit seeker in any line of business and not just in gambling alone do gamblers experience greed emanating in their gambling decisions which is logical to say that any gambler that has been able to control or conquer his greed and feel contented with every amount of win he makes from his bet such a dude has invariably conquered his losing streaks rate. Luck to repeat a win instantly after another win has just been gotten is very hard to happen to a gambler but as greed sets in the mind of the gambler all reality to be considered that he can lose it all get submerged by that greed not until all is lost.

That's why, as gamblers, we must be able to prevent our greed from getting bigger so that we don't fall deeper into gambling. Only by controlling ourselves and others can we prevent our greed from growing so we will not experience even greater money losses. We can be lucky and win but no longer need to gamble and let luck come to us. By controlling ourselves, we can do that so that there is no disappointment because we keep hoping for luck to come. Greed will always be there every time we gamble, but we can prevent it from getting bigger, and when we can prevent it, we can enjoy gambling well and won't be provoked into greed. We can stop ourselves when we win and will not be greedy in hoping for another big win.

You have made very important point here. Greed is the problem of most gamblers with me inclusive. Instead of focusing on the risk one is taking like the OP suggested, many people focus on how much they want to win. This is the reason some people add more games to their selection when the odd is not as big as they expect, most times it is the games they add that will spoil the bet. Assuming the focus is on the risk, it becomes easier to set winning expectations within reasonable limits.

I guess it is a normal thing to have expectancy of profit especially in gambling, also it is not automatically greed. However if you desire of being profitable in the long run we should focus more with preventive measures concerning loss.Having both ideologies of winning and not losing that much is a difficult thing. Higher risk means higher reward, indeed. However there are high profitable games such as with parlays in sportsbetting wherein you can engage less amount that what's ideal due to high odds. Winning might have a low success rate however even if you lose, at least it would be a tolerable amount to majority of gamblers who practice such thing over years. My idea is lack of consistency in gambling. If you won't be winning consistently then same thing will go with losing, right? If you will prioritize aticipating the worse outcome, things won"t be as tough as it is with gambling.

And i would believe that focusing on winning is much more higher of thinking on rather than on having those loses. Only a few of course would really be that mindful about on the losses that they could
possibly be able to make on which there's no way that you wouldnt really be having these kind of assumptions and thinking on the time that you do make some gambling.
I could say that it isnt really that bad for you to think off about those things on which the important thing on here is that you should really know on having that moderation
and having that kind of treatment on which it is really just that normal to have those outcomes, on which these things wont really be making you to be that impulsive.

Lorence.xD

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Quote from: Moreno233 on February 10, 2024, 01:14:24 PM

Quote from: maydna on February 10, 2024, 12:05:08 PM

Quote from: Lida93 on February 04, 2024, 12:01:29 PM

Greed is an enemy to any profit seeker in any line of business and not just in gambling alone do gamblers experience greed emanating in their gambling decisions which is logical to say that any gambler that has been able to control or conquer his greed and feel contented with every amount of win he makes from his bet such a dude has invariably conquered his losing streaks rate. Luck to repeat a win instantly after another win has just been gotten is very hard to happen to a gambler but as greed sets in the mind of the gambler all reality to be considered that he can lose it all get submerged by that greed not until all is lost.

That's why, as gamblers, we must be able to prevent our greed from getting bigger so that we don't fall deeper into gambling. Only by controlling ourselves and others can we prevent our greed from growing so we will not experience even greater money losses. We can be lucky and win but no longer need to gamble and let luck come to us. By controlling ourselves, we can do that so that there is no disappointment because we keep hoping for luck to come. Greed will always be there every time we gamble, but we can prevent it from getting bigger, and when we can prevent it, we can enjoy gambling well and won't be provoked into greed. We can stop ourselves when we win and will not be greedy in hoping for another big win.

You have made very important point here. Greed is the problem of most gamblers with me inclusive. Instead of focusing on the risk one is taking like the OP suggested, many people focus on how much they want to win. This is the reason some people add more games to their selection when the odd is not as big as they expect, most times it is the games they add that will spoil the bet. Assuming the focus is on the risk, it becomes easier to set winning expectations within reasonable limits.

I guess it is a normal thing to have expectancy of profit especially in gambling, also it is not automatically greed. However if you desire of being profitable in the long run we should focus more with preventive measures concerning loss.Having both ideologies of winning and not losing that much is a difficult thing. Higher risk means higher reward, indeed. However there are high profitable games such as with parlays in sportsbetting wherein you can engage less amount that what's ideal due to high odds. Winning might have a low success rate however even if you lose, at least it would be a tolerable amount to majority of gamblers who practice such thing over years. My idea is lack of consistency in gambling. If you won't be winning consistently then same thing will go with losing, right? If you will prioritize aticipating the worse outcome, things won"t be as tough as it is with gambling.

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Quote from: Moreno233 on February 10, 2024, 01:14:24 PM

Quote from: maydna on February 10, 2024, 12:05:08 PM

Quote from: Lida93 on February 04, 2024, 12:01:29 PM

Greed is an enemy to any profit seeker in any line of business and not just in gambling alone do gamblers experience greed emanating in their gambling decisions which is logical to say that any gambler that has been able to control or conquer his greed and feel contented with every amount of win he makes from his bet such a dude has invariably conquered his losing streaks rate. Luck to repeat a win instantly after another win has just been gotten is very hard to happen to a gambler but as greed sets in the mind of the gambler all reality to be considered that he can lose it all get submerged by that greed not until all is lost.

That's why, as gamblers, we must be able to prevent our greed from getting bigger so that we don't fall deeper into gambling. Only by controlling ourselves and others can we prevent our greed from growing so we will not experience even greater money losses. We can be lucky and win but no longer need to gamble and let luck come to us. By controlling ourselves, we can do that so that there is no disappointment because we keep hoping for luck to come. Greed will always be there every time we gamble, but we can prevent it from getting bigger, and when we can prevent it, we can enjoy gambling well and won't be provoked into greed. We can stop ourselves when we win and will not be greedy in hoping for another big win.

You have made very important point here. Greed is the problem of most gamblers with me inclusive. Instead of focusing on the risk one is taking like the OP suggested, many people focus on how much they want to win. This is the reason some people add more games to their selection when the odd is not as big as they expect, most times it is the games they add that will spoil the bet. Assuming the focus is on the risk, it becomes easier to set winning expectations within reasonable limits.

Yes and most gamblers have a hard time ignoring the greed aspect of it, especially for those gamblers who have the goal of winning then obviously what they have in mind is "doing everything to win" and it is also a fact that when they manage to win then I would not call that a real victory for the typical greedy gambler, The reason is because gamblers who apply greed in their gambling activities will never be satisfied with whatever amount of winnings they manage to get, even though basically it is a large amount that might even be able to finance their lives for a whole month but still they will assume by saying "it looks like I can get a bigger amount to finance life for 3 months".

And obviously with this kind of wrong mindset and understanding it is very difficult for them to be able to apply or focus themselves and their minds on risk management, so simply put, there will be no better results in the gambling they do if they always apply greed and there is only one word they always find at the end of the session which is "regret".

Moreno233

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Quote from: maydna on February 10, 2024, 12:05:08 PM

Quote from: Lida93 on February 04, 2024, 12:01:29 PM

Greed is an enemy to any profit seeker in any line of business and not just in gambling alone do gamblers experience greed emanating in their gambling decisions which is logical to say that any gambler that has been able to control or conquer his greed and feel contented with every amount of win he makes from his bet such a dude has invariably conquered his losing streaks rate. Luck to repeat a win instantly after another win has just been gotten is very hard to happen to a gambler but as greed sets in the mind of the gambler all reality to be considered that he can lose it all get submerged by that greed not until all is lost.

That's why, as gamblers, we must be able to prevent our greed from getting bigger so that we don't fall deeper into gambling. Only by controlling ourselves and others can we prevent our greed from growing so we will not experience even greater money losses. We can be lucky and win but no longer need to gamble and let luck come to us. By controlling ourselves, we can do that so that there is no disappointment because we keep hoping for luck to come. Greed will always be there every time we gamble, but we can prevent it from getting bigger, and when we can prevent it, we can enjoy gambling well and won't be provoked into greed. We can stop ourselves when we win and will not be greedy in hoping for another big win.

You have made very important point here. Greed is the problem of most gamblers with me inclusive. Instead of focusing on the risk one is taking like the OP suggested, many people focus on how much they want to win. This is the reason some people add more games to their selection when the odd is not as big as they expect, most times it is the games they add that will spoil the bet. Assuming the focus is on the risk, it becomes easier to set winning expectations within reasonable limits.

Wakate

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Quote from: maydna on February 10, 2024, 12:05:08 PM

Quote from: Lida93 on February 04, 2024, 12:01:29 PM

Greed is an enemy to any profit seeker in any line of business and not just in gambling alone do gamblers experience greed emanating in their gambling decisions which is logical to say that any gambler that has been able to control or conquer his greed and feel contented with every amount of win he makes from his bet such a dude has invariably conquered his losing streaks rate. Luck to repeat a win instantly after another win has just been gotten is very hard to happen to a gambler but as greed sets in the mind of the gambler all reality to be considered that he can lose it all get submerged by that greed not until all is lost.

That's why, as gamblers, we must be able to prevent our greed from getting bigger so that we don't fall deeper into gambling. Only by controlling ourselves and others can we prevent our greed from growing so we will not experience even greater money losses. We can be lucky and win but no longer need to gamble and let luck come to us. By controlling ourselves, we can do that so that there is no disappointment because we keep hoping for luck to come. Greed will always be there every time we gamble, but we can prevent it from getting bigger, and when we can prevent it, we can enjoy gambling well and won't be provoked into greed. We can stop ourselves when we win and will not be greedy in hoping for another big win.

There are many things that need to be put into consideration. Gamblers need to work on themselves and make sure they don't do things that will bring about a condition that will keep making us to keep losing. We can also make money from betting but when we are doing it in a way that we are not ought to behave, this could cause a big problem to our mental health. Many of us are always talking about how much we have earned from gambling but we do make the mistakes of thinking about the amount we have lost. Some gamblers do not even care on their loses, they always want to show the world there winnings so that it will make people think that they are professional gamblers and do not incur loses.

maydna

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Quote from: Lida93 on February 04, 2024, 12:01:29 PM

Greed is an enemy to any profit seeker in any line of business and not just in gambling alone do gamblers experience greed emanating in their gambling decisions which is logical to say that any gambler that has been able to control or conquer his greed and feel contented with every amount of win he makes from his bet such a dude has invariably conquered his losing streaks rate. Luck to repeat a win instantly after another win has just been gotten is very hard to happen to a gambler but as greed sets in the mind of the gambler all reality to be considered that he can lose it all get submerged by that greed not until all is lost.

That's why, as gamblers, we must be able to prevent our greed from getting bigger so that we don't fall deeper into gambling. Only by controlling ourselves and others can we prevent our greed from growing so we will not experience even greater money losses. We can be lucky and win but no longer need to gamble and let luck come to us. By controlling ourselves, we can do that so that there is no disappointment because we keep hoping for luck to come. Greed will always be there every time we gamble, but we can prevent it from getting bigger, and when we can prevent it, we can enjoy gambling well and won't be provoked into greed. We can stop ourselves when we win and will not be greedy in hoping for another big win.

wxa7115

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Quote from: Samlucky O on February 04, 2024, 01:13:05 AM

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.

It is only greed that will make someone to play game with $1k and after wining he started thinking is why he didn't play with $5k. The truth is that when people win they think why they didn't play with a higher amount but when they loose they become excited and happy because they didn't play the game according to how they wanted , otherwise they could have loss. But I think wether you win big or small, there is a need to always maintain playing gamble with what you can afford to lose.

Those kind of thoughts are very common and we see them all the time on the forum, but people need to understand that they are taking this on the wrong way, even the few professional gamblers out there do not win all the time, so they cannot rely on being lucky to increase their profits, instead they are as consistent as they can be on their bets to produce the profits they want.

So regretting the decision to not increase your stake once you won your bet is not only a mistake but it is useless as well, since there is no way to know beforehand for sure you were winning that bet anyway.

Lida93

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Quote from: Samlucky O on February 04, 2024, 01:13:05 AM

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.

It is only greed that will make someone to play game with $1k and after wining he started thinking is why he didn't play with $5k. The truth is that when people win they think why they didn't play with a higher amount but when dey loose they become excited and happy because they didn't play the game according to how they wanted , otherwise they could have loss. But I sudjest wether you win big or small there is a need to always maintain playing gamble with what you can afford to lose.

Greed is an enemy to any profit seeker in any line of business and not just in gambling alone do gamblers experience greed emanating in their gambling decisions which is logical to say that any gambler that has been able to control or conquer his greed and feel contented with every amount of win he makes from his bet such a dude has invariably conquered his losing streaks rate. Luck to repeat a win instantly after another win has just been gotten is very hard to happen to a gambler but as greed sets in the mind of the gambler all reality to be considered that he can lose it all get submerged by that greed not until all is lost.

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There will be less activities in casinos if all gamblers think more about how much they are willing to lose than win, many gamblers won't be addicted while gambling, when will keep to their time and walk out of a casino when the time is up, but the problem is not everyone thinks for themselves.

The rulers manipulating his people knew how weak his people are in terms of reasoning, it's also why some people follows their government with whatever they throw at them, like a cat been lured with a fried meat, they just follow like zombies, it's also why many people don't believe in Bitcoin unless their government tell them to start buying.

The mind of human are not always as strong, some can't even make decisions on their own, they always want someone to give them the calling, unfortunately you can't force people, even in this gambling space, almost all gamblers don't think before they gamble.

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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.

It is only greed that will make someone to play game with $1k and after wining he started thinking is why he didn't play with $5k. The truth is that when people win they think why they didn't play with a higher amount but when they loose they become excited and happy because they didn't play the game according to how they wanted , otherwise they could have loss. But I think wether you win big or small, there is a need to always maintain playing gamble with what you can afford to lose.

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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.

The moment he staked for 5K$ , he would have lost. Yes, it's true because you never know by increasing the amount, the luck may have not favoured him and what if he have lost 5K$ or more.

The problem with the gamblers is that they are never satisfied with their achievements. Yes, if someone loses in gambling, it is their right to become a bit sad and wish he could have won if the luck was at his side but then those who are the winners in gambling are also dissatisfied that if they had put more money, they could have earned more money. How strange is that?

It seems like no one is being happy, the one who loses in gambling and the one who has won in gambling, both seem to be complaining. They don't understand that gambling is not a quick rich scheme sort of thing.

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Quote from: danherbias07 on February 03, 2024, 07:50:41 AM

I totally agree with that. And it's not just a gambler's problem, it's society's problem in this era. It's difficult to be contented with so much happening in the world.

~snip~

Humans have an innate attitude of dissatisfaction with what they get and every human being will always have ambition that truly never stops, even though they have succeeded in achieving all that, there will always be desire to get bigger things.
In cases like this it will be difficult for them to have the right approach when becoming gambler because what they want is satisfaction or to be able to have better success.
We can see it in how every gambler has greedy attitude towards the winnings they have achieved, the gambler will try to get bigger win and set it as target that must be achieved.
But in the end, when the target has been achieved, they feel less satisfied and there is desire to get more, this is one of the reasons why many gamblers experience complicated problems due to gambling.

A wise and responsible gambler will know how they should make decisions without involving desires that are impossible to have, but there are only few gamblers like this.

Topic: Focus on how much you may lose and not only the potential win. - page 5. (Read 2095 times)