Topic: Gambling mistake repeated by the gamblers (Read 4170 times)

Greed is definitely there, not even just in gambling, in other things in everyday life there must be people who are greedy, especially when it involves profit. Surely everyone wants more when they get a profit. But naturally, because money is the thing that everyone wants, because with money we can buy everything, but not everything can be bought with money. I agree with you, we must realize that gambling is not a means of making money, the victory that has been obtained once is likely not to be obtained again even if we continue the game, from here we must be able to have discipline and also limits in gambling, if it is not ready to lose the victory that has been obtained then it is better to think again if you want to continue gambling to get another victory.
A common mistake in my opinion is that they think gambling is a means of being able to make money. So that many of them experience losing a lot of money just to get a big win according to what their hearts desire. But with their assumptions like that on gambling will only make them addicted to gambling and experience losing even more money.

Indeed, such greed is built in inside us without that proper control we will just ending up losing more instead of taking some and enjoy, we should have that capabilities to limit ourselves and take time to stop when it's needed the most, gambler who have that kind of control always have an edge against those who doesn't have and also have that capabilities to take advantage not only with the fun and excitement but also the chance to make some money from the casino, though not all have that but it's needed if you want to enjoy and not to fall into any types of addictions.

Which most of the time gambler keep repeating aside from losing they also get that deep engagements that mostly ended up getting addicted and lose more money.

Everyone dreams of winning more. there more greedy people are in gambling, the more dangerous they are. Greed and emotion push people into risky investments, including gambling. If someone bet $0.2 and win 10x he will get $2 but our emotions won't accept it our greed will push us to bet $20 as if we win $200 but we never think that these are losses.  If we do we lose $20 instantly. this is our main problem. So our main focus should be controlling our emotions and greed

Yes and I would say that usually this misconception starts when they see people including some of their close friends who managed to win big in gambling which motivates them to participate and get involved in gambling in the hope of getting the same winnings that others managed to get, which means from this alone we can conclude that they come with the intention and purpose to produce the following and also only focus on winning which is where this mindset can make them rule out other aspects of gambling that can never be avoided such as the risk of losing, meaning that they misunderstand and think that gambling may only be about winning opportunities when it is the opposite where the possibility of losing has a much higher percentage, so it is natural that for example they experience a lot of losses because victory will only come when they are lucky.

True, basically there is nothing wrong with giving advice or input to them because after all we are trying to help them to at least avoid other bad possibilities in gambling, but in the end it's up to them, if for example they don't want to listen and always maintain their mindset and beliefs which actually will only harm themselves then it doesn't matter because at least we have given our best by trying to help.

Yup, that kind of misconception as they think that they can quickly make money if luck permits them, they will keep on pushing and digging for that luck to com forward and let them win decently, though most of the time, even luck permits them they tend to keep aiming for more instead of taking that advantage to quit and enjoy their earnings.



It's good to provide advise, but there's no assurance that those people will listen, even how close you are to them there's still a big chance that will just follow whatever they think is better for them.

It's hard when a gambler already has a misconception of what gambling really is and it's usually this misconception that makes gamblers fall into addiction unconsciously, and their mistake is always about assuming that gambling can be used as a place to earn while the facts about gambling can never support the intention and purpose of earning because the name of victory in gambling is nothing more than a “possibility” which in addition there is absolutely no certainty and any guarantee to ensure that you will be able to end the session with a win.

I think in the end it is just a matter of time, because as you said they are difficult to tell which sometimes your suggestions and input can make them feel annoyed which in turn causes problems, so it is useless if we care too much about them because they also do not care about themselves and their own safety. On the other hand it is good to tell or advise them or direct them to things that can prevent them from bad possibilities but in the end it is difficult to make them really believe in our words and suggestions, which in the end yes as I said above that maybe this is just a matter of time which over time they will also definitely feel or experience the bad effects of treating gambling in the wrong way.

I actually think that another big mistake repeated by some gamblers all the time is thinking that their winnings are small with the bet they make and that they should increase their bet size. It's true that with 10x multiplier you'll win $200 if you bet $20 and you will win only $2 if you bet $0.20, but the thing is that you can quickly lose all your balance betting $20 at once and never hit that 10x, that's what must be kept in mind always.

What happens to those strategical players with some common sense and a truck load of greed? Gambling some times may not be defined by those instances. It works accordingly with the emotional intelligence of all players. A day could be so interesting that the player would think he's hit the lucky day, yet he's not sure of his end how the losing streak will follow suit. Money works with the brain,  in a way that no player will comfortably stop going for the money immediately he's won big. Those smiles from winning big still rolls the downward course of losing it all.

Overconfidence, affect players according to their performance in the previous session, hours, or minutes, including experts. That's why when people think of themselves as experienced gamblers, and perfect, they could be making a bigger mistake. I understand that experience helps limit these things. But it's certain that a gambler out of greed could boycott his own rules, regardless of his experience. They're some general mistakes that could occur in a gambling activity. Being able to retain a stable mood, not letting yourself get sidetracked by the funds, could be a better method to limit such mistakes from happening consistently.

It seems to me that overconfidence can be dangerous, especially for beginners. When you're just starting to play, it's easy to overestimate your abilities and take more risks than you need to. This can lead to serious losses and disappointment.

It is also important to remember about greed – it can also cause failures. When we strive for quick profits and do not know how to stop, we risk losing everything. That's why I think it's important to keep common sense and control your actions in the gambling world.
It is better to gradually learn the rules and strategies, take your time and do not trust only luck.
This is the only way to learn how to play responsibly and enjoy the process without putting yourself at unnecessary risk.

After all, the main thing in gambling is not only winning, but also the ability to control your emotions and make informed decisions.

Yes, that's the purpose of why people playing gambling. They hunger to chase the wins that can gives them the money. But they don't realizes that can makes them losing their money without they realizes of what happens to them. Because of the pleasure of the gambling games makes us forget to set the limits that is necessary to do to prevents the big lose. We can't becomes a wise gambler if we don't sets the limits because we will not count how much money we used and lose in the gambling games. We will only makes another mistakes while playing gambling which can leads us to gets the lose. We must becomes a wise gambler if we playing gambling to prevents the lose as gambling can tempts us to continue playing gambling without thinks about stops our gambling activity. We can playing gambling and have fun but we must take care of ourselves and not lose much money.

Gambling is a game of uncertainty and most times people believe that having faith that a game would play often gives them hope that it woudl play out fine and works for some person, over confidence might not be that bad unless you go to far to stake so high just because you think it must happen and that is wrong because its a game of luck and uncertainty.

Greed is a fools habit in gambling, why get greedy it's not your money although often times people tend to stake high because they want to win more and I prefer to say that not everyone that stakes high is greedy cause the rule is simple the more you stake the higher your win , and most people tend to follow that rule too much.

Even if understand that sometimes the fees can be high and we want to save a few dollars whenever we can, I have always thought that depositing a large amount of money in a casino and then trying to use only a small amount to gamble is a mistake, and I think this way because if you were to suffer a bad loss, the temptation to try to recover your capital will be huge, and so you may end up using the money you had there and loss it all in a single session, so I prefer to only send to the casino the money I want to use at the time, even if this means I have to pay more money on fees.

I don’t consider this as mistake since you are placing bets because you are interested on the outcome of the to be in favor to your prediction. Availing cash out is just an option for gambler if they don’t like their pick anymore.

I will definitely just let my bet lose rather than availing cashout if I place my bet in confidence because that’s my way on enjoying my bet. Resorting to cashout whenvee you feel nervous or scared is a sign that you are gambling money that you can’t afford to lose.

This kind of mindsets will allow you to make something decent in terms of finacial side, if you know how to make a good use of your winnings then it will give you that opporrtunities to create good source of income, something that you can generate more money and while you are still involve into gambling it can also helps to sustain your needs.

Though there are times that we really have that incorrect approach into gambling, something that lead us to overexceed our finances and lose a lot.

And adding to that, we are just doing the same mistake being move by greed and aim to win more instead of enjoying what we already achieved.

Interesting, we agree with what you said in this thread. but my question is, can we always be consistent and uphold high discipline in every gambling session we do? you can answer it yourself, for yourself without needing to reply to my question. Gambling or betting is an interesting entertainment, and invites curiosity for those who play it, let alone those who like it. It could be said that this hobby has become the easiest trend for us to play anytime and anywhere with just the smartphone we have.

Referring to your post in this thread, if we explain it with a narrative or words it is quite easy to understand. It's just that, in practice, it's not uncommon for what we say, such as the example in the post and the title of this thread, to be not as easy as when we play it. Confidence or overconfidence in gambling is part of human nature according to psychology, and for me this is something positive that helps us escape from high stress. however, it is important to realize or understand that we must have boundaries that have become rules that we have created, so that we are not too controlled in chaos, especially when the situation or expectations are not what we want.

Greed, something we have carried with us since we were born. Is this related to gambling? of course yeah, it is very related especially if we don't have good control and that makes us part of the gamblers who lead to greed. So, how can all this go according to the scenario or as you say? The answer is very complicated, because every session we do in gambling is not always the same. Luck plays an important role, and is involved when we gamble. OK, if we're winning. but what about the opposite, especially when we experience repeated failures.
For me, nothing we do is perfect especially if it involves gambling. It's not uncommon for us to lose control, whether we're in a winning or losing session. what we experience in gambling, always varies and depends on conditions and situations.  So what should we do, there are no other words other than try not to be greedy and involve self-control and awareness. perhaps with this, we have limits and stick to the principles and discipline that have been our guide in gambling sessions. even then, it's not easy.

Mistakes gambling often make are numerous and that's one of the reason we tend to Fing more gambling chasing the wrong thing or having a wrong mindset which might lead to addiction or irresponsible gambling. Some gamblers make the mistake of assuming gambling to be a secure source of income which can make them millionaires overnight. Usually people with this thought are good victims to addiction after a while, and they always end up gambling irresponsibly. Another commot mistake or should I say characters of some gamblers is greed. Some gamblers prefer to loss all their profit and their stake even after a cash out has been offered. Though some games are worth the patient but come to think of it, gambling is basically centred on luck, and that last sure game could end up becoming the odd game amongst your predictions.

We all feel the hunger for wealth. That's gambling's purpose, right? It's not a future-building strategy. It's fun and thrilling, but you need to be calm. The prudent gambler plays for fun, not a fairytale ending. Setting expectations. This mystical entity determining winners and losers is not luck. Random, like flicking a coin. Not controllable. A prudent gambler, like a clever investor, doesn't rely on one fortuitous break. They gamble and retreat strategically. Always expecting that life-changing win is crazy

---

Balance is vital. Have fun gambling, spend what you can afford to lose, and focus on building and controlling your big aspirations. That's true satisfaction, right?

One of the most well known mistakes any gambler could make without his knowledge is betting too much of their total balance and expecting to double it in winnings. For instance, if someone deposits $1000 and starts playing with $100, which is 10% of their total balance, they may hope to double their money each time they bet. However, in reality this mindset is dangerous because it significantly increases the risk of losing all the balance quickly, with a much lower chance of winning anything. The risk is especially high when betting more than 10% of the balance in a single bet, whether in sports betting or other games. Continuously gambling this way is only because of greed, playing with higher balance doesn’t guarantee you any winnings, in the other side playing with just 2% or less of your main balance each time offers you a better chance to win big occasionally since it’s essential to know that most of the time, the casino will have the advantage and beat you especially in long term.

There's a tendency for folks to get caught up in the moment when they get a big chunk of cash and blow it all. You're talking about investments and growth beyond that. Anyone who's watched the economy fluctuate knows how important that thinking is.

Its more than smarts. You need discipline to keep making enormous money. Additionally, your discussion on continuous learning and planning is spot-on. Using prizes to establish a business goes beyond money. Taking charge and creating something you identify with. Many dont realize this. Quick cure is all they seek. Real financial mastery requires long-term thinking, uncertainty, and smart risks that could change your life.

Of course, overconfidence and greed are the main reasons why gamblers become destitute. It is good to have confidence but overconfidence never brings benefits. Of course, this is the nature of a gambler.

When a gambler wins on several boards in a row, then he thinks of himself, as the creator of his destiny. This overconfidence leads him to the brink of defeat.

Greedy people always get caught. Greed is the worst way. Win again and again when greed leaves a nest in a person. Then he loses his sense of good and bad. As a result, he loses everything and becomes destitute.