Gamblers theory on BEGINNERS LUCK. | Bitcointalksearch.org

Oilacris

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Quote from: Hydrogen on February 14, 2023, 05:47:30 PM

Beginner's luck is common in stock trading, gambling and investment.

The first wagers and trades a person makes tend to be logical and intelligent. Translating to success.

Then greed and emotion cloud their judgement. They lower their standards and make less rational wagers and trades.

That appears to be the most common cycle for most.

Common cycle indeed and when things turns out to touch up the reality then this is where self realization do kicks in that it was never been easy.You would say that you had been lucky on the first time you had tested or tried it out.On the time that you had been making money on your first try then you would really be having that motivation and positivity that you could really do this all day and making yourself that rich in a short span of time.Its true that this is where standards would be lessen out and ending up on messing around which is really that a very common ending.
Self realizations do always come in the end which is normal.

livingfree

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Quote from: Hydrogen on February 14, 2023, 05:47:30 PM

Beginner's luck is common in stock trading, gambling and investment.

The first wagers and trades a person makes tend to be logical and intelligent. Translating to success.

Then greed and emotion cloud their judgement. They lower their standards and make less rational wagers and trades.

That appears to be the most common cycle for most.

Exactly.

The same as what everyone has experienced with anything that's related to betting with money. Yeah, stocks, trading and investing is almost the same as betting money because it requires risk.

The cycle is hard to beat when you're just starting around and you think that you're at the top of the world upon acquiring all of those profits and wins that you get.

Hydrogen

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Beginner's luck is common in stock trading, gambling and investment.

The first wagers and trades a person makes tend to be logical and intelligent. Translating to success.

Then greed and emotion cloud their judgement. They lower their standards and make less rational wagers and trades.

That appears to be the most common cycle for most.

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Quote from: tabas on February 14, 2023, 05:22:49 PM

Quote from: Mr.suevie on February 14, 2023, 04:53:39 AM

Some gamblers certainly get overwhelmed by the first time win and go all in the habit of gambling.

Well, I can't agree more with that. It's certainly is when someone who's new to gambling and managed to win for the first time of their bets. Who wouldn't even be encouraged when you just tried it out and you've been winning already? The idea will stuck on your mind that you're the luckiest person living and that's why you'll be back again soon to gamble and by the time you come back, that's where the reality will sink in that gambling isn't just all about winning with first tries but also dealing with the losses that mostly come to everyone.

well, people will have their own time of contemplation of what's reality when it comes to gambling. you are very lucky if you hit it big time at your first try. thinking that this may be your saviour of getting good money. but as you continue with this journey, you will soon understand the reason why a lot are going deep with debts and debts. most of the time, gamblers will have their wake up call when his loved ones are gone for good, his assets are gone and the only thing left is him, piled with debts everywhere.

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Quote from: CryptoHeadlineNews on February 14, 2023, 05:24:59 PM

Quote from: Oshosondy on February 14, 2023, 05:00:50 AM

It is gambling, beginners can be lucky because experienced people can also go for the best matches and lose.

And not only that, because in most casues, an experience gambler will tend to over-analyze, and at that such end up missing the golden opportunity simply because he never believe in it, unlike a newbie gambler who may pick at random for the first time and gets lucky. But not everyon always get the "beginners luck", which is why in most scenario, the best idea will be to walk away with your first winning, rather than keep playing and lose it all

When you are just starting to gamble and turns out to be a win then it would really be motivate you out on playing even more until you do bust up all of those winnings.You would really be making more deposit because

you would really be tending to chase up those losses and this is where that common cycle would be starting on where a certain individual whether they would be completely on stopping gambling to avoid further loss
or would be tending to chase up on what they had lost and would be trying out to recover those which might be ending up for them to get addicted and would cause out much more trouble later on.
This is why its really important on making yourself that fully aware on what you are dealing with and act according into your will on which one is really better.

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Quote from: Oshosondy on February 14, 2023, 05:00:50 AM

It is gambling, beginners can be lucky because experienced people can also go for the best matches and lose.

And not only that, because in most casues, an experience gambler will tend to over-analyze, and at that such end up missing the golden opportunity simply because he never believe in it, unlike a newbie gambler who may pick at random for the first time and gets lucky. But not everyon always get the "beginners luck", which is why in most scenario, the best idea will be to walk away with your first winning, rather than keep playing and lose it all

tabas

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Quote from: Mr.suevie on February 14, 2023, 04:53:39 AM

Some gamblers certainly get overwhelmed by the first time win and go all in the habit of gambling.

Well, I can't agree more with that. It's certainly is when someone who's new to gambling and managed to win for the first time of their bets. Who wouldn't even be encouraged when you just tried it out and you've been winning already? The idea will stuck on your mind that you're the luckiest person living and that's why you'll be back again soon to gamble and by the time you come back, that's where the reality will sink in that gambling isn't just all about winning with first tries but also dealing with the losses that mostly come to everyone.

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Quote from: Mr.suevie on February 14, 2023, 04:53:39 AM

I assume most gamblers are aware of the saying. The popular theory on beginners luck. But to some extent most people don't believe that their is such thing as beginners luck.

Ofcourse no one will want to believe that there's something called the beginners luck in gambling since not every beginners got their chance of winning on the very first attempt to gambling, neither does the gambling casinos also considers the beginners specially on this, except for the newly registered user that benefit the registration bonus for free spins and the likes.

Quote from: Mr.suevie on February 14, 2023, 04:53:39 AM

I certainly to some extent believe on this because i experienced mine in the first time i tried dog racing

Then i will have to say this that you're very lucky on an extreme level because this is not common to every beginners to experience on their first attempt.

GiftedMAN

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That one is lucky to win in gambling on a first stake as a beginner doesn't mean there is beginner's luck in gambling. A beginner may select games randomly out of curiosity not knowing the game or the teams selected and all the selections turn out well for him that should not be seen as luck rather it should be seen as a bet won out of chance. It has happened to so many people no doubt but I have been with a lot of gamblers who are yet to win their first game since they started gambling so it happens by chance not luck.

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Quote from: Mr.suevie on February 14, 2023, 04:53:39 AM

I assume most gamblers are aware of the saying. The popular theory on beginners luck. But to some extent most people don't believe that their is such thing as beginners luck. I certainly to some extent believe on this because i experienced mine in the first time i tried dog racing in a local casino house am gambling with. I had a massive win of about of 800$ at my first stake on dog number 4 which was having a high odd for them winning and i was very happy but the cashier told me "you just had beginners luck ".
But my second thoughts on this was that, its like a trap set for newcomers into the gambling world Grin

. Some gamblers certainly get overwhelmed by the first time win and go all in the habit of gambling.
So whats your take on this guys

Although I myself experienced beginner's luck a few times too many. I know there's no scientific basis as to how this works, or if it's even real in the first place or some sort of placebo effect we play with our brains. I do have an inference regarding this phenomenon however. I believe that for certain types of games, especially those that would at least require some sort of confidence at play to bag wins, you have this "I have nothing to lose anyway cause I'm just learning the ropes" mindset which amps your confidence and therefore your chances of winning. As for luck-based games however, I believe solidly that some casinos reel in their new customers by giving them a few wins in their first few plays to make them think that they have a considerable edge against the house, now as soon as the system detects that they have played one too many games, it starts to show true edges to give the house its profits. I do not know nor do I have any evidence to prove that these inferences are real, sadly. But that is just my two cents regarding the phenomena

Cryptomultiplier

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I do believe that what we call beginners luck is nothing but a new comer with so much interest and will having to place bet and with the encouragement, wins the bet. In some cases, if the new comer were to bet again, they would loose the bet.
The game of probability can favour anyone at anytime, it doesn't matter if it is a new comer or not. People believe in what they choose to and the 'beginners luck' talk has never been left out.

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Quote from: Mr.suevie on February 14, 2023, 04:53:39 AM

I assume most gamblers are aware of the saying. The popular theory on beginners luck. But to some extent most people don't believe that their is such thing as beginners luck. I certainly to some extent believe on this because i experienced mine in the first time i tried dog racing in a local casino house am gambling with. I had a massive win of about of 800$ at my first stake on dog number 4 which was having a high odd for them winning and i was very happy but the cashier told me "you just had beginners luck ".
But my second thoughts on this was that, its like a trap set for newcomers into the gambling world Grin

. Some gamblers certainly get overwhelmed by the first time win and go all in the habit of gambling.
So whats your take on this guys

There is not such a thing as beginners luck, a new gambler has the exact same chances of winning a bet as any other gambler, it is just that new gamblers not knowing much about gambling bet more money than what it should advisable on a single bet, and if they happen to win we judge this as being a form of beginners luck, but it is not, that is simply how gambling works and we are just giving it special meaning as it is the first experience of this gambler in particular.

Johnyz

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You’ll here this most of the time in casinos, and even you can tell this as well. I believe on beginners luck as the casinos tend to hype you so you can come back and play more. Same thing with the site, maybe its already in the system to allow other potential player to win big at first and then later on, will incur more losses. This might be just a myth but other gamblers are believing on this and there’s nothing wrong with this one though.

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Quote from: Mr.suevie on February 14, 2023, 04:53:39 AM

But my second thoughts on this was that, its like a trap set for newcomers into the gambling world Grin

. Some gamblers certainly get overwhelmed by the first time win and go all in the habit of gambling.
So whats your take on this guys

Beginners luck is not consistent with every individual, the first time experience some people had gambling was not so good while others had some luck and it originated the term beginners luck. Beginners luck can make someone want to gamble more and can also make someone not to want to gamble more since they know that they were just lucky the first time and the luck may not continue if they continue gambling, I feel it is all a matter a matter of perception and how you see the luck you just had.

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Quote from: Mr.suevie on February 14, 2023, 04:53:39 AM

I assume most gamblers are aware of the saying. The popular theory on beginners luck. But to some extent most people don't believe that their is such thing as beginners luck. I certainly to some extent believe on this because i experienced mine in the first time i tried dog racing in a local casino house am gambling with. I had a massive win of about of 800$ at my first stake on dog number 4 which was having a high odd for them winning and i was very happy but the cashier told me "you just had beginners luck ".
But my second thoughts on this was that, its like a trap set for newcomers into the gambling world Grin

. Some gamblers certainly get overwhelmed by the first time win and go all in the habit of gambling.
So whats your take on this guys

It is really not that surprising yet majority of us would really be calling up this way on which beginners luck is something that you do hit a win when you are just starting on gambling which is common but its true that this kind of luck will really be pushing up yourself to play even further and you would really be keeping into yourself that you would be lucky in the rest of your betting but we know on how shit the reality works.
You would soon realize for yourself thats not how it works and on the time you would be playing further then you would definitely be able to experience out the shit experience of losses when you do gamble.
You would really be learning and would be telling that it isnt really working that way.It was just coincidence that you had win earlier.

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I believe the beginner's luck is real, I have seen many new users/gamblers winning huge in their first bets. And in most of the cases they didn't even know what they were doing and placed some bets on the underdog or bets with low odds, and when win they win huge amounts. And that's beginner's luck. A normal bettor will not place the kind of bets that are supposed to lose.

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You don't believe it yet it happened to you. Well, we truly have a different sense of belief in terms of luck whether it's beginner's luck or not.
If that's what you think that it's not true and you're just having a good choice during that time, no one will argue with you that it's for real or it's not. And if you think that it's a trap, that's what I don't want to believe. We're the ones setting that belief if it's a trap or not, it's a common misconception that we're being trapped even though it's our own will and personal choice that made us to be there.

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Quote from: maydna on February 14, 2023, 05:39:01 AM

I believe in beginner's luck which comes to beginners when they are just starting to play gambling. But after playing for a long time, the beginner's luck will disappear because they will experience loss, and some even experience losing streaks.

Maybe after they get that beginner's luck, they should give up gambling for a while and not gamble. But most people who become novice gamblers instead play gambling again, which makes them experience loss at gambling. And many of them are getting used to this loss by continuing to gamble.

And I don't believe at it. Beginners luck is just the way more experienced gamblers comment on newbies who win. It comes from envy and their ignorance of the facts that despite lack of experience these people managed to win which shows that experience has very little to do with you winning.

It's all random and some beginners win while others lose but we tend to ignore the losers and saying that it's normal but when someone wins we look at them closely to find if there was a trick, or luck or whatever.

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I don't believe that newbies have better luck or the casino uses a trap for them. Newcomers in contrast to the experienced gamblers are very excited about the first win, because they heard that winning in gambling is not easy, but as fate wills they win, and without even making any effort.

The more we play gambling, the more common for us such moments as wins and losses become, but for beginners they are very significant moments.

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I don't think this thing we all call beginners luck happens to everyone, because I remember the first time I gambled online I lost all my bets and I just blamed it on the fact that I haven't used any online casino before so maybe I did something wrong that led me to lose all my bets. But there's some other activities that I have participated before in the past and did well but that never happens to me in my first online gambling experience.

Topic: Gamblers theory on BEGINNERS LUCK. (Read 290 times)