Topic: Foolhardy bets. - page 6. (Read 685 times)

These types of bet wouldn't be helpful to me but I do just sometimes go all-in if I'm reaching that certain point. I think everyone here understands what I'm talking about, that certain point when you are frustrated or something. It's really that reason that you make those foolish bets. That shouldn't be a style you know.

Foolhardy is in English dictionary. It means someone to do something recklessly. Example is to just select a bet or be gambling in a way that you do not care but just want to gamble. I think this can lead to money loss.


The antonym of foolhardy is wise. If someone is wise, the person will think of using low amount of money to gamble. The person will stop if he won little amount of money already. If the person is losing, the person will stop gambling. The person will prefer to bet or gamble wisely and not recklessly.

I had earlier made a similar thread as this regarding the effect of  stories of huge wins and and jackpot have had on gambling habit and from what I read in the replies, it's clear that people ar easily influenced by these kinds of stories which to some extent affect thier gambling style and course an increase in the allocation that they would normally assign to gambling since they would in most cases want to win big. Here is the link to the main thread if you want to go through it and possibly learn from the replies.
https://bitcointalksearch.org/topic/m.64102378

But let me now talk from a first person point of view.  A friend once sent me a sport betting code and instructed me to play it but I was just reluctant to doing so, fast forward to the end of the day when the game finally played out as he predicted and he won his bet, I was a bit uneasy and felt disappointed that I didn't play the game and the fact that he has won, th next weekend I had to go on to playing a game I would have nit stacked on a normal day. The truth is that you can't really control yourself that much when you're seeing others winning big or when you've read stories of people that are doing what you're doing and have currently hit it big. You will get tempted to try your luck and maybe increase your bet and before you know it, you've gone into irresponsible Gambling.

Apart from getting motivation from stories of some one that I know, i can't rely on what I see on the Internet as a motivation to increasing my gambling style or going too aggressive in my gambling. Not on this internet sphare were the more you look at things, the less you see the real truth and anyone can easily design a slip that shows they've won big even when in reality they haven't won anything that's close to that.

Well, I've done also a big mistake and cost me a huge amount of money, and yes because of that I wake up from my excessive gambling habbit just because I want to recover my losses and also hoping that I will get a huge amount of money from a win, but the opposite happens and from that I started to set limit and boundaries to my gambling activities, because I admit I still can't let go of my gambling activity because I still want the thrill and I'm used to gamble when I have a free time, but now its different I only have specific amount of money for example in a week, I will allocate $100 as my capital and if for instance I lose it all then I will stop and wait for another time where I can have funds again to use in my gambling activity, not all gamblers could change like me when experiencing a great loss in gambling, some will still dig deeper and make their lives more miserable.

The latter. I am no longer a hyper type of gambler. The reckless kind of bets that I have made in the past, made me learn that I don't have to be the same anymore.

Staying on gambling for so long and having no problems is like a survival instinct for most of us.

I guess those gamblers that are mostly doing YOLO bets can relate to this thread.

It is a decision every serious gambler has made this foolhardy mistake from one time or the other. In most time a gambler that chase his bet or always want to win back his loss made such mistakes. And the way to avoid such mistake is to lock up, and stop reckless gambling and be a responsible gambler nd set your budget for gambling for daily or weekly. And most of those gambling win stories are sponsored by the company to showcase that if people can win such big amount, you can also win it. Come try you luck. That is, it is a method to lure people to go and play games in the casino website. And before that person won that amount, he has loss enough and other gamblers too have loss enough so our of $300,000,000 loss + 1 person win with $2,000  x 50 gamblers. So the casinos are making lot of moneys from gamblers.

To be sincere with you though, this is the first time I am coming across such a term as "fool hardy bets", and I do not know for sure what this means exactly, but I am assuming it to mean some bet mistakes we have made in the betting activities, if this be correct, then I did say that I've definitely made one mistake in the past while betting on sports, the mistake was a very painful one since it made me lose my hard earned money in three different places on exactly the same game.

What actually happened? Well, the long and short of the story was that I did not know what happened that day, I simply decide to bet 1x2 on a sports game that was already live, i choose the team I believed will win the match, and put $100 in that game, after a while, about some minutes, I was going to bet on another live match as well, but mistakenly repeated the same bet I did placed before, and put another $100, and as if that was not enough, I also did the same thing again while trying to bet on another live match as well, I put another $100 again, that is a total of $300 bet on exactly the same match and the same team to win.

I did not realize all this mistakes until much later when I came back to check my bets, I realized they were all sitting at the same odds, and I was losing on all three, when I looked closer, I realized that all the 3 games were all the same match, I knocked myself hard in regrets, eventually, the game lost and I lost extra $200 on a game I should have lost just $100.

It is not about being an expert that one is able to win in gambling activities especially when they are dealing with chance-based games where the result is done through generating random numbers or RNG. 

People learn from experience, so yeah experiencing careless bets that resulted in a big loss can change one's gambling style and I am not exempted to experience such.


I stay calm and think of ways to control my tempo while engaging in gambling.  Since the experience taught me a lesson, I tend to be in control and try other approach and avoid acting carelessly to minimize losses and extend the time of my gambling activities with the same amount of bankroll.

In my case, I was not affected by my YOLO style of gambling, I mean that's what gambling is, you take that big risk as you don't know that outcome. Maybe I lose some sleep on that reckless move and lost everything. But still it will just a couple of days of mentally struggling and thinking what went wrong or why did I did that stupid move. After that, I will be back at it again and forgot what happened the following day. I know it's hard, but I don't see gamblers though maturing and changing their mindset. I'm talking about personal experience here guys, so don't get me wrong.

In the past, I have also been reckless with my bets. The testimonies of my friends winning big from their bets, drew me into chasing my losses a couple of times back them. My foolhardy bets were in chasing losses and betting impulsively which incurred more losses. This was the sign that I needed to develop a gambling strategy that would stop me from losing so much money. With my new gambling strategy, which involved setting a limit on the amount of money I placed on each bet and only betting on games that I understand. Basically it was just about becoming more discipline and having a good approach to gambling.

Will be many gamblers who try to show off their success in winning games or sports bets with very large amounts, but for some people they will take it seriously and the truth is that they don't know before they win what has happened.
Every person who shows his victory must have experienced many defeats, even in quite large numbers, it just that each of these defeats was not published and if this was known to many people, perhaps there would be no admiration because everything was just return for defeats.

I have been gambling for quite long time, have quite lot of experience and there have also been many failures that almost destroyed my life, but all of this is just past experience and now everything has changed significantly because of the existence of limits and controls which minimize the occurrence of reckless betting.
Moreover, right now I tend to make gambling only as form of entertainment and  means of having fun in my spare time, there is no other goal with big ambitions and sense of enthusiasm to pursue victory because I know that all of this is the never comparable.

Probably my most reckless was the time that I was trying to bet on slots in CoinRoyale, it was a fun game but I'm down with half of my current gambling fund, it wasn't a lot of money so I just went for it and bet on all the lines and guess what? It was an instant loss for me, I guess when you don't really care about the money and you care more about the fun, you will have an easier time accepting the losses and the occasional recklessness that you do, I've also done some bets on stupidly obvious losing teams just because the odds are too high pass up but it's not really in my mind to care so much if they lose or not, that's just how it is, you risk and you get rewarded most likely.

Sometimes I do not care about the loss and use the who betting budget for that week on gambling at once which can give me 3 odd. Either I get lucky with it or not but because it is not beyond my gambling budget, it has no negative effect on my financial life. It is just a small amount of money. The time that I bet like I do not care and waste a lot of money on it has been long gone, since 2018 or before. But after that time till now I use just small amount of money on Foolhardy bets.

Stories of people winning big will conveniently leave out some details like how many losses preceded the win and what is the net win. If you dig deeper on your own you will find out that the cumulative losses are over coming the jackpot and other wins, making the net win amount a big negative. Which means that the player is still a loser.

Gambling is like that only, the edge is on the side of the casino and you will lose more than win in the long term. However such stories do falsely influence the less experienced person and they end up in the vicious cycle of loss-chasing loss-added loss. Recklessly placed bets like "All-in" only add the loss, they are rarely wins.

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?