Topic: Gambling mistake repeated by the gamblers - page 16. (Read 4993 times)

This is a thing most of us gamblers did in the past before we repented and charted a new course. I think it is a natural and learning process that many people pass through before experience make them realize it is a mistake hence, the need to change. Only few people who are fortunate to learn from the mistakes of others are able to escape this process.

In addition to the mistake of chasing losses, I had this habit of increasing my stake upon incurring losses. This has done be nothing but bad and made me lose my entire funds. The strange part of it is that I couldn't even stop myself until the entire funds was lost. I'm happy today those are in the past and I can only look back to those days and appreciate the journey that brought me this far in my gambling career.

Once it comes to making mistakes, i think they are innumerable, we keep making mistakes over time, some had made a lot such that they couldn't remember, but the ones we made and are still aware of are what we pick on and count as mistakes, some could actually cost us while we may not be that affected by some mistakes made as well, all have to do with the way we are gambling and the depth to which it occurrence happened and affect us.

We have a clear problem: making bad decisions and not knowing when to stop. Aggression? Its a factor, but its about not accepting loss. Consider that gambling loses. The house always wins, therefore you'll never win large. Beating the market consistently is a fool's errand. Using company money for gambling is bad on many levels. Stealing is theft. Do't forget, this indicates addiction. Sad, truly.

We must discuss solutions. Helping individuals is more than ordering them to quit. Addiction support and education must be prioritized. No single try fixes this; mindsets must change. Remember, I've seen everything. I dealt with enormous stakes in the trenches. To change things, you need courage, determination, and smarts. But its possible. We can win if we're strong and smart.

One of the mistake I have made before while gambling is chasing my loss thou I have discussed it in one of my thread don't chases your loss,  out of emotional devastation and the wired feeling that comes along with lossing overwhelmed me back then where I constantly be gambling in other to win back my loss, is was huge  mistake because I have made that correction never to gamble with the mindset of chasing your loss if not you will end up losing more of your funds. However it is a bitter truth but I have learnt my lessons.

If you are over confident, greed will follow and that is what had happened to me with my lottery bets I think that was last year. Really has no good results it just got me overspent on tickets instead of buying something to eat. That is why I am now careful on making gambling decisions even though I refrain from buying lottery tickets for now due to controversy but I will surely apply the lessons I've learnt from the past fo my future gambling activities so I won't end up regretful ever again.

Yes, that's what will happen if someone is unable to ignore the aggression in him until in the end it makes things even worse, one of the reasons that makes sense is because after all gambling has absolutely no certainty in terms of producing wins, so with this fact it is clear that the act of pursuing victory or restoring the situation will only increase the amount of loss because obviously I am sure that there is no way they can get recovery with just one try which means they will definitely make several attempts to pursue the recovery phase which is actually the fact about the uncertainty about the results at the end of the session will actually make them experience more losses and that will add to the number of previous losses.

Well it's true that someone who has entered the addiction phase usually does not hesitate to do things that are actually out of control that they cannot be held accountable for, like one of my friends who has been addicted, he even dared to use the company's money where he works in large amounts to gamble with the aim of returning the previous money that was lost which in the end everything was lost and he had to lose his job and also had to compensate for his behavior, and honestly I was very surprised when I heard it, I couldn't think why he could be that desperate. This is the bad thing when someone is already in the addiction phase, they do not hesitate to justify any means to get money to finance their gambling activities.

They keep on adding as they have that aggressions inside them thinking that they might be able to recover the losses and might be possible that they'll be able to win some if they add more money, but like wise most of the time instead of recovering it's just an additional losses from your side and it really hurt your finances, to the point that if you unable to work on it you might lose more than what you can afford to let go.

Unusual things can be done by a person who already suffering from addiction, that kind of madness push them to do unexpected things like barrowing or stealing something or doing crimes just to please and continue their gambling.

Maybe they thought that because they had won a large amount of money before, they were good and they really knew every nook and cranny of gambling? But no, because we all know that  gambling is too broad to discuss and I believe that if it is not because of luck why we win, maybe it is also because of the Smart strategy that good and veteran gamblers make that is why they win. truly that we can't be over confident in gambling especially since we are not sure when we will be lucky enough to win.

When gamblers feels too confidence about their gambling activity and believe about winning on their gambling games, they will not have a big chance to win because in the gambling, there is uncertainty that they will get. They can win but they can also lose their money and it needs wisely to spend their money so they don't used too much money to playing gambling. If the gamblers can holds themselves by not using too much money to playing gambling, they will not lose much money and even they can saving their money for the other things. Maybe they can wins some money but that's not guarantee them to gets the money every time they are playing gambling. They must prevents themselves for playing gambling too often because that can makes them gets more problems that they can't imagine.

I am sure over confidence must be avoided in anything you do, not only gambling. Gamblers are corrupted by over confidence after their first ever big win. I think exeggarated confidence is weakness.
Another issue I believe with gamblers is that they sometimes do not give up. Some gamblers grow hatred towards some specific game after they experience extraordinary amount of losses. And they just keep trying. Sometimes its must better to give up, clear your mind and return to gamble with another game.

If a gambler dares to risk the losses he has experienced then I can say that the gambler will dare to risk his money to recover previous losses. Of course, gamblers cannot prevent these losses but can only accept these losses if they are truly determined to do so, meaning that the gambler has been influenced by greed and impatience in gambling.
Yes, if the gambler can accept and be aware then he will immediately stop and go home to calm his confused mind and if he wants to come back then it would be better if his condition has improved.

Yeah gamblers risk more and more to keep gambling regardless of profit losses. One thing that gamblers should keep in mind for gambling is that it is not possible to prevent losses in gambling, it is more risk on oneself. Gamblers make the same mistakes over and over due to lack of patience. You should proceed with confidence when you see that it is better to stop losing more money in gambling then the result will not be too bad.

Nothing can be accurately predicted. Just as a gambler cannot predict the outcome of his gamble, an investor cannot say with certainty whether an investment will make a profit or lose money. Most of the times it is seen that gamblers are too confident in themselves and from that confidence they take big risks in gambling but the risks they are taking can cause them to lose their money in a moment. People lose money by gambling and some people gain money but regardless of profit and loss no one stops gambling later on. A person who gambles and gains money gambles again to gain more and a person who gambles and loses money gambles again to recover his losses. That is, the gambler will continue to gamble regardless of profit or loss.

Yes, that's true, when you experience a loss, such as losing the victory you have obtained, you will feel regret. This action tends to be carried out by every gambler, even though from the beginning of gambling they have set limits or targets but when everyone is in gambling it will be different. At the start of gambling, the motive is to withdraw the winnings that have been obtained, but when you gamble and win, of course a feeling of dissatisfaction will arise and encourage you to take big risky actions, such as increasing the bet amount, the aim of which is to get a bigger win too. This is indeed a problem that is often repeated by gamblers.

Apart from that, there are still other things that are often done repeatedly, such as depositing money back after experiencing a loss, because not accepting the result that ends in defeat causes many gamblers to deposit money back. instead of recovering losses or chasing wins, they instead experience bigger losses. all of this leads to regret. with careless actions ending everything at odds with one's own wishes. everything is in the opposite direction. Therefore, we should be able to introspect ourselves, so as not to make repeated mistakes that become impulsive actions.

And from what I listen to those recovering gambling addicts, it's all about emotion. Not just greed per se, it's everything, when they feel lonely and sad they gamble. When somewhat we feel something is empty or even if we are happy and think that we are going to win big money, then we go online and play or travel to a loud environment, traditional base casinos and see how our luck.

So that's it, everything is base on emotions. However, if we can control or at least make the right decision, not base on emotions, we might get away from gambling or at least not make the same mistakes over and over again.

Greed and overconfidence in gambling are both deadly mistakes for a gambler, but these things exist in a gambler. Gamblers tend to have overconfidence, especially when greed is not controlled. A gambler will make these mistakes despite knowing. The gambler has no choice but to become mentally tough to get rid of this. Both greed and overconfidence will lead to negative results in the long run of gambling. Therefore, a gambler must take necessary steps to avoid such practices. Identify the factors that are particularly responsible for greed and overconfidence and take appropriate action. Gamblers may need to set their limits and give themselves a break if they need to stick to a previous strategy. But all this will be determined depending on the gambling condition of the gambler.

That's the problem. One gambler testified that a certain high multiplier can be achieved then everyone comes running in to try it too. They lose their money in the process because they didn't even try to analyze it yet. Heck, they didn't even question the winner on how much money he wasted before hitting that high multiplier. They will just know everything about it when they are already inside the gambling site and have been losing money way further than what they can afford to lose.
Jumping in without questioning and analysis can certainly be a path to depleting your balance. It's true that it is the fastest way to make some cash but the fact that it is high risk will also remain.
Investing is a good choice and there are several options now unlike before. Cryptocurrencies opened up a lot of doors for us to manage our own investments. Gamble the spare money, and invest a part of the savings.

There's this friend of mine who was into gambling. This guy was introduced to betting and got addicted to it for years, and at this level he has gone into virtual games. At some point, he could use all his money, borrow from others, and even use the one given to him by someone for important stuff. This went a long way for him, and his life was becoming miserable as time went on. But with the help of some punishment and prayers, he was able to reduce it. And today he doesn't do virtual games. In all this, I noticed that there's this confidence he has that he will hit it big, if not today but one big day, and he will stop it with the money he will hit. 
My question was, When is this big day? Yes, you might be lucky one day, but when is that? Is there a guarantee for it? How long will you continue to do this for the big day? It's better to stop today than regret it. 

These types of errors are common, when one has money and has won it in the casino , no matter how little, one has to withdraw because it is the safest for Everything , in this we can see that things can be different, I I have seen many people who always go down the path that seeks to leave money in the casino so they do not have to Deposit more, but what I do see is that it is better to withdraw so that they have to make another deposit again, but have control of the things, that's just because I have seen that it is better, if I have 200usd in the casino, it is likely that I will lose it if I leave it, but it is different if I buy 180usd and leave 20usd to spend, because 180 I can enjoy it , the other 20 that the casino enjoys when it loses.

That is the easiest way to think about , and only then can you have some Money to save or to Enjoy, that's what I've learned.

These were the most common mistakes in gambling being greedy and getting overconfident for sure is going to be repeated a lot of times in gambling probably just because we are just humans and having that emotion is already a huge part of us, there are for sure some things that we can do in order to avoid it, but if you are already on the position its really difficult to resist greed, as long as you already see that you are winning a lot for sure there are a part of you telling you to continue your bet so that you could just continue to win and earn a huge amount of profit in the end, which is probably not ideal because this is gambling and most of the time the bet on it wasn't really going to be worth the risk of it.

Still, we can for sure overcome this kind of mistake, we just need to be disciplined on how we are going to do things, there is always going to be a fight of will especially if you really want to change fight your emotions and stop getting greedy and overcome it, being contented on what you have, knowing your limitation is going to help a lot at times like this.