Foolhardy bets. - page 2. | Bitcointalksearch.org

satscraper

hero member

Activity: 714

Merit: 1298

Quote from: YOSHIE on May 26, 2024, 09:18:09 AM

You need to know that gambling is indeed a reckless act or activity,

I would refuse to consider the general gambling in such way and philosophize on this matter.

Real gambling involves logic, creativity, powers of observation, self-improvement (you name it) which in turn stimulates both sites (right and left) of the human brain thus increasing its "supercomputing" potential to make hard decisions when needed.

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

Quote from: satscraper on May 23, 2024, 02:01:36 AM

Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets.

I'm sure everyone here involved into gambling has made such reckless bet at least once in life.

Did such bet/s change your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?

Every time I lose, I become more cautious with my betting. Sometimes we make mistakes by thinking that a bet is a lock, and because we think that way, we become aggressive in terms of the amount we risk. Sadly, most of the time, it ends up as a losing bet. I realized that we should not put too much emotion into gambling; it's a game of numbers. Be responsible with managing your bankroll and aim to have more wins than losses. Follow the steps with discipline and, combined with skills in sports capping, we will eventually be profitable in the long run.

It's okay to think we are an expert because it gives us confidence but we should stick with the right strategy particularly in managing your funds since if winning streak possible, losing streak is possible as well.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: Charles-Tim on May 27, 2024, 11:27:04 AM

Quote from: boty on May 27, 2024, 11:10:53 AM

and when they have won, of course they will be happy and limit the amount of bets.

I agree with what you have posted except this one. Although, some gamblers would win just little amount of money and be satisfied with it and stop gambling but most gamblers may not stop gambling while some people that are addicted or looking for ways use gambling to look for money will gamble more until they will lose all their money. I have seen a gambler that would win money and continue to gamble until he lost everything.

I know a few gamblers and it's usually the other way round. People who win big become more reckless. They feel they're lucky or at least have some "free money" to lose. Money that nobody will blame them for losing. It's gamblers who lose a lot the ones that find it much easier to quit. They fee so depressed that they don't want to go to the casino anymore to avoid that feeling of depression. There's a few people I know who always came back to play after a win, but most of them quit completely after a big loss.

STT

legendary

Activity: 4088

Merit: 1452

I was foolish in betting on a team then switching to their opposition for their next game in a series because of how easily they had at first won. Sadly they then lost just as easily as they had just won, it was very confusing that in each case the teams knew what to do to counter their opponent.

They were erratic but funnily enough well matched and I bet the wrong way in both cases basically, had I just stuck with original choices better thought out for a bet in both games I would have just broken even pretty much.

I did hedge a bit via live betting because I recognized my mistake midway but it was not profitable for sure. Being in a fluster is rarely a profitable outcome, you lag behind everyone else for starters.

Not exactly the worst just an honest mistake but also it would have been better to close while watching the actual game with a live bet seeing chaos compared to what I had envisioned.
Just closing the bet early on to watch neutral, learning from my mistake(s) was the choice I could and should have made.

temple

hero member

Activity: 1428

Merit: 538

Quote from: satscraper on May 23, 2024, 02:01:36 AM

Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets.

I'm sure everyone here involved into gambling has made such reckless bet at least once in life.

Did such bet/s change your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?

Well this is a great topic and yes, making foolhardy bets sometimes happens. The problem about them is that if they hit, they could then be misleading positive results for future bets. The thing is that a foolhardy bet is not necessarily a losing bet. That's where it is to important to realize that what someone did was foolish despite winning. But sometimes it is exactly these bets that have enormous payouts.

Though you are certainly right that over a longer period of time it would be a losing game to play. But on the other hand I think that all the knowledge and analysis in the world doesn't give you guaranteed wins either. You were talking about skills and while I believe there can be skill involved in gambling, I still have my doubts that some people turn it into a profession and can live off of it for many years. I am not talking about guys who get lucky gambling for three months and then let everyone know they would be professionals. I would rather like to see someone who can prove that professional gambling worked out for a few years as that would eliminate the luck factor if someone can have net positive results while paying attention to bank roll management etc. When someone says it, I am sceptical whether it is true or not.

Marykeller

hero member

Activity: 1064

Merit: 501

Quote from: satscraper on May 23, 2024, 02:01:36 AM

Did such bet/s change your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?

Without denial, I have one way fall into the category of those who had reckless gambling in the past, in the process to get back their losses. But as time turned by and the level of experience, I began to ponder and realize that not all gamblers who had lost in gambling get it back. For those who had won big from gambling do end up losing back their big wins to gambling. However, no better move for one to take as a gambler than learning how to bet with less money. As Oshosondy will always advise, a gambler should have a betting budget of 3-5% of their salary. By doing that, they wouldn't feel pained if they experience losses or go above their limits on bets

ralle14

legendary

Activity: 3346

Merit: 1914

Shuffle.com

My betting style is still all over the place so I can't say it had an impact, but those bad decisions did encourage me to change by spending less and taking things more casually. Most of us would eventually experience countless losses, so we might as well do our best to take a step back and do something about it. We've heard stories about problem gamblers putting themselves in a worse financial situation, and going through the same situation is the last thing we want to experience.

EluguHcman

sr. member

Activity: 504

Merit: 254

Quote from: satscraper on May 23, 2024, 02:01:36 AM

Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets.

Read on this thread I made lately last about if Do you believe in gambling expert Predictions?
Right there it practically discussed that there is no amount of a gambler being to experienced and lucky to win in the gambling that is worth of the gambling to boast that they are gambling experts that can always stand the chances of predicting 100% games at all their games. Absolutely impossible so OP, the social media is only a gambling field where gambling various gambling companies advertises their gambling sites.

It could be followed by using celebrities or role models to influence the audience in claim that such a gambling site has potential easy winning if only you would follow bet on their site using their directives.
Those are all lies but common marketing skills because there is no gambling expert and not even the gamblers skills that could assure him such huge amount of prize of winning according to the media speculation.

erep

hero member

Activity: 2282

Merit: 589

Quote from: Charles-Tim on May 27, 2024, 11:27:04 AM

Quote from: boty on May 27, 2024, 11:10:53 AM

and when they have won, of course they will be happy and limit the amount of bets.

I agree with what you have posted except this one. Although, some gamblers would win just little amount of money and be satisfied with it and stop gambling but most gamblers may not stop gambling while some people that are addicted or looking for ways use gambling to look for money will gamble more until they will lose all their money. I have seen a gambler that would win money and continue to gamble until he lost everything.

Some gamblers can use their winnings wisely to buy other needs, you can check the gambling thread, but relatively gamblers don't follow the correct way to manage money from their winnings correctly and wisely, they only think about how to increase their next winnings by placing higher bets . They will realize they have made a mistake after losing everything in a bet, even though they have done it but the same case will happen again when they have won another bet, their mind has been affected by a serious gambling addiction, they have to overcome it before another bad thing happens due to irresponsible gambling .

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Quote from: boty on May 27, 2024, 11:10:53 AM

and when they have won, of course they will be happy and limit the amount of bets.

I agree with what you have posted except this one. Although, some gamblers would win just little amount of money and be satisfied with it and stop gambling but most gamblers may not stop gambling while some people that are addicted or looking for ways use gambling to look for money will gamble more until they will lose all their money. I have seen a gambler that would win money and continue to gamble until he lost everything.

boty

full member

Activity: 1190

Merit: 212

★Bitvest.io★ Play Plinko or Invest!

Quote from: Charles-Tim on May 26, 2024, 02:49:55 AM

People show emotions when they are losing too much amount of money. Although, people will be very happy and excited if they are winning but that is not the emotion that they are referring to while doing something risky like trading or gambling. It is about losses. The best way not to have such emotion, especially when losing is to use small amount of money to gamble. In casinos, you can gamble as low as $0.5 on many games, while small amount of money can be used in sport betting. But many gamblers will show emotions because they are looking for money through gambling.

When someone has lost a lot of money on the bets they play, of course it will be difficult for them to control their emotions and when they have won, of course they will be happy and limit the amount of bets. I think this is very good because when we experience defeat on the bets we play, we won't. It becomes a big problem, like when we place large bets, choosing to bet on many games will be very fun if we can win one of the bets we place and for some people who gamble emotionally, it will of course be very difficult for them to win the bet. they play and they will lose a lot, because most of them who are emotional when gambling will gamble with greed.

nara1892

hero member

Activity: 1666

Merit: 701

Quote from: Dr.Bitcoin_Strange on May 27, 2024, 09:56:14 AM

Quote from: pawanjain on May 26, 2024, 10:47:24 AM

I guess we all would have placed some foolish bets at some point of time in our gambling journey.
For me it has happened multiple times when I just decided to go all in and placed a bet with whatever balance I had in my account.
I have lost it every time I have done that and to be honest, it hasn't made any changes in my gambling style.
Everything is pretty much the same as it was before.

It can happen mostly when you newly started gambling, after losing so much money, you can just get bored and frustrated at the same time and you might just decide to do what ever your mind tells you to do without giving any second thought to what you are doing. At that moment it doesn't matter to you whether you know what you are doing of not, you have submit your self to 100% luck and not any form of common sense application. It happen to me when I first started gambling some years back.

True, I think what you said is indeed a fact that happens and is experienced by most gamblers when they are in that situation, it is true that situations full of desperation can make a gambler take actions that are too reckless or stupid such as betting all the money they have which sometimes they also don't care about the results, but one of the reasons why they take these actions is because usually desperation and decision making based on emotions always want satisfaction without thinking about the possible risks that will occur and this action also more often leads them to regret when they realize it.

And yes it is true that the only thing that can help them in these situations is luck, in the sense that it does not mean that they will completely lose because if it turns out that luck comes at the right time then it will help them and lead them to victory, but the problem is not over, because usually even if luck comes and helps you then you will not necessarily be able to ignore the greed in your mind to continue the gambling session.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

I used to bet on basketball a lot of times and think that the ones who are performing better against all other teams will not win against teams with average performance. Back then, I do not take into account injuries when betting in basketball. I never even dare look at the lineups and I just based everything on recent performance and H2H thinking that that's all I needed to pick a winning bet. Little did I know that lineups and injuries matter AND can change even a few hours before the game. Since them, I switched up my analysis and included these little details before locking the bet. I even carried the same logic over to other sports when I found out that they were highly important.

Nowadays I tried laying low in sports betting and focused on casino games. It's not the most profitable thing per se but it doesn't require much thinking apart from knowing when to stop Cheesy

Casdinyard

hero member

Activity: 2184

Merit: 891

Leading Crypto Sports Betting and Casino Platform

Quote from: satscraper on May 23, 2024, 02:01:36 AM

Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets.

I'm sure everyone here involved into gambling has made such reckless bet at least once in life.

Did such bet/s change your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?

I mean, in a manner of speaking, yes. I have changed my gambling style to be more on the high-roller side of things, but not because I am a doomer who wants to end it all in one fell swoop when I'm gambling. It's just that I find these types of bets even more fun and exhilarating considering the fact that I put more on the line than if I had made bets little by little. And it's not like I'm losing a lot too, since I'm using a strategy that would ensure I don't lose as much money as I would've, besides the fact that I have a separate wallet/finance when gambling, with a really tight budget to boot.

So yeah, I gamble and put more money on the line cause it's just that much fun, the adrenaline rush I get whenever I gamble and the prospect of losing/gaining that much money in a single bet is just that amazing to me, makes me really lock in and become more invested when I gamble, which at the end, ultimately makes me feel more fulfilled when gambling, cause I find that when I gamble little by little I don't feel as much fun and satisfied as when I make massive bets.

Dr.Bitcoin_Strange

hero member

Activity: 770

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: pawanjain on May 26, 2024, 10:47:24 AM

I guess we all would have placed some foolish bets at some point of time in our gambling journey.
For me it has happened multiple times when I just decided to go all in and placed a bet with whatever balance I had in my account.
I have lost it every time I have done that and to be honest, it hasn't made any changes in my gambling style.
Everything is pretty much the same as it was before.

It can happen mostly when you newly started gambling, after losing so much money, you can just get bored and frustrated at the same time and you might just decide to do what ever your mind tells you to do without giving any second thought to what you are doing. At that moment it doesn't matter to you whether you know what you are doing of not, you have submit your self to 100% luck and not any form of common sense application. It happen to me when I first started gambling some years back.

Odohu

hero member

Activity: 546

Merit: 516

Quote from: pawanjain on May 26, 2024, 10:47:24 AM

Quote from: satscraper on May 23, 2024, 02:01:36 AM

Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets.

I'm sure everyone here involved into gambling has made such reckless bet at least once in life.

Did such bet/s change your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?

I guess we all would have placed some foolish bets at some point of time in our gambling journey.
For me it has happened multiple times when I just decided to go all in and placed a bet with whatever balance I had in my account.
I have lost it every time I have done that and to be honest, it hasn't made any changes in my gambling style.
Everything is pretty much the same as it was before.

It is difficult to see a gambler who had not yielded to the calling of greed and have acted irrationally and receive some terrible lessons. I have lost count of how many times I went all in or gamble with outrageous amount of money that I ended up experiencing painful loss. I have, on many occasions, used money meant for something else in betting what I thought was a sure bet and lost it all. I see all these mistakes as the learning process. I'm a little matured now in gambling, I make rules and keep them and I avoid excessive gambling.... these were only possible because I learnt the hard way.

Dewi Aries

legendary

Activity: 2716

Merit: 1092

Leading Crypto Sports Betting & Casino Platform

Quote from: pawanjain on May 26, 2024, 10:47:24 AM

Quote from: satscraper on May 23, 2024, 02:01:36 AM

Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets.

I'm sure everyone here involved into gambling has made such reckless bet at least once in life.

Did such bet/s change your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?

I guess we all would have placed some foolish bets at some point of time in our gambling journey.
For me it has happened multiple times when I just decided to go all in and placed a bet with whatever balance I had in my account.
I have lost it every time I have done that and to be honest, it hasn't made any changes in my gambling style.
Everything is pretty much the same as it was before.

Yups sure, especially if you or anyone has been involved in gambling for a long time in the sense that there have been many things and events that you have experienced intentionally or unintentionally and also surely most of them have done some stupid actions that make no sense on the basis of curiosity or experimentation, like what you did by spending all the balance you have in your gambling account at once, and I'm sure you are quite curious about the results when making such decisions, but yes I can't say that the idea will always end up hurting, because I have also done actions like what you said, namely spending all the money in my wallet, I did it out of curiosity and a lucky experiment, I did it on purpose and one of the reasons why I dared to do it was because tomorrow was my payday so losing money with such a stupid decision would not make me experience financial difficulties, but yes, the results were unexpected where I actually won haha, nothing strange because that's gambling. On the other hand, I think a change in gambling style will only happen if the gambler has an excessive obsession with gambling.

lovesmayfamilis

legendary

Activity: 2072

Merit: 4265

✿♥‿♥✿

Even here on the forum, I see a lot of posts where people write about their winnings, which are quite beautiful numbers, but in the end, for some reason, some complaints appear against the casino, and the person does not receive this winning. I say this because it is unlikely that people have to win often since we understand that any big win is taken under the attention of the casino itself, and incidents can happen, such as a double account or some other cheating.
If we talk about myself, I’m probably too greedy to risk large sums and bet them all on one game. I'd rather set aside some money so that I won't be stressed about losing, and while I love champagne, I don't like to take risks. Wink

Forsyth Jones

hero member

Activity: 1120

Merit: 540

Duelbits - Play for Free | Win for Real

I don't bet a lot, because I don't have much time to bet, but if I had or when I had it, I would.

Remembering that I think gambling should be considered fun and not a new source of income.

It's tempting to hear from my co-workers that they won absurd amounts of money enough to buy 2 cars, others don't earn absurd amounts like that, but as soon as they win a considerable amount, they bet on the prize acquired and end up losing almost all the profit.

Quote from: satscraper on May 23, 2024, 02:01:36 AM

Did such bet/s change your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?

The most I did was trade in the futures market with crypto, using low leverage, as I only do this once in a while, so my habit hasn't changed. When I do this, depending on the amount if it is relatively large, yes, I get anxious.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: satscraper on May 23, 2024, 02:01:36 AM

Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets.

I'm sure everyone here involved into gambling has made such reckless bet at least once in life.

Did such bet/s change your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?

I guess we all would have placed some foolish bets at some point of time in our gambling journey.
For me it has happened multiple times when I just decided to go all in and placed a bet with whatever balance I had in my account.
I have lost it every time I have done that and to be honest, it hasn't made any changes in my gambling style.
Everything is pretty much the same as it was before.

Topic: Foolhardy bets. - page 2. (Read 684 times)