Gambling mistake repeated by the gamblers - page 32.

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Quote from: Weawant on February 10, 2024, 04:30:10 PM

Quote from: bitpotter on February 08, 2024, 06:27:19 PM

Well, I think things like this are often forgotten by gamblers. They become confident when they win and they forget it was just luck. They can get lucky but it's definitely not every day and there are times when they can get it. I think gamblers are too ambitious when chasing wins and they forget that the results they get are more than enough to bet again.

There's this confidence that usually comes with winning a d I wouldn't want to blame it on a y one as I perceive it to be a natural occurrence, you will definitely want to believe at that point that you baee getting much better at your predictions a d this could mean that you are now a good gambler and your confidence will definitely be at it's peak.

It's also important that at this point where your confidence is peaked especially when you have series of wins back to back, you should be careful as you may gradually start gambling at random believing that you are now much better gambling and so you can just make random picks and be lucky, sometimes you may even want to neglect proper analysis because you will feel that you have got the cheat and all you need is to check for only that which you checked for the other time and you won, although history does repeat itself but then it's important you don't allow the excitement of your wins have a greater part of you and make you too confident you now loose your discipline

Isnt it like each win gives us invincibility? Time and again, this confidence, while a blessing, slowly becomes overconfidence. This natural trend warrants study.

I also advise against the randomness that often follows winning streaks. Faith in being a 'good gambler' can distort judgement. I've seen many abandon the analysis that underpinned their strategy. A intriguing yet dangerous shift. Cutting corners and duplicating prior success without preparation is attractive but risky.

Fun gambling should be balanced. Celebrate victories, but be realistic. My philosophy is to learn from every bet, win or loss. Maintaining discipline when you think you've solved the problem is key.

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Quote from: Westinhome on February 06, 2024, 05:50:09 AM

Some of the mistake was repeated by the gamblers even after the loss in the gambling.The foremost one is the greedy,the gamblers mostly the new gambler get into the greedy after some decent profit in the gambling site.

Over Confidence:
This was the common one to the new and experienced gamblers,because the continuous winning mostly give the greedy and over confidence to the gamblers.The gamblers will go for the high betting after the continuous winning in the betting.The positive wipe was occurred with the over confidence,most of the gamblers go for the high betting after the over confidence.

The draw back of the over confidence is most of the gamblers will make loss their holding dollars in few bets.So the gamblers should avoid the over confidence after the continuous winning.

Greedy:
The gambler should avoid of the greediness in the gambling after the continuous gambling winning.The gambler should try to withdraw the funds from the gambling site after the good winning in the gambling site.Many loss the capital by doing high betting and random betting with the positive wipe with more winning.The most of the successful gamblers may skip greedy in their betting.

Share your opinion about this two mistakes with your experience.

The two points you raised is almost inevitable in gambling, most gamblers believe that they know it all, forgetting the fact that gambling is a game that is full with uncertainty, the outcome of every game can not be predetermined that's why it been called prediction, when you gamble you are not sure of the definite end of such game, so being sure of an event that's in progress is not part of gambling. You mention greed, this is part of gamblers life that end up ruining them totally, this can also lead to addiction if care is not taken, one should be greedy in what he doesn't control, even though you control it, it can be delivering you all the time, so as gamblers, lets stop involving ourselves in the activities that's is capable of depriving us winning.

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Quote from: bitpotter on February 08, 2024, 06:27:19 PM

Well, I think things like this are often forgotten by gamblers. They become confident when they win and they forget it was just luck. They can get lucky but it's definitely not every day and there are times when they can get it. I think gamblers are too ambitious when chasing wins and they forget that the results they get are more than enough to bet again.

There's this confidence that usually comes with winning a d I wouldn't want to blame it on a y one as I perceive it to be a natural occurrence, you will definitely want to believe at that point that you baee getting much better at your predictions a d this could mean that you are now a good gambler and your confidence will definitely be at it's peak.

It's also important that at this point where your confidence is peaked especially when you have series of wins back to back, you should be careful as you may gradually start gambling at random believing that you are now much better gambling and so you can just make random picks and be lucky, sometimes you may even want to neglect proper analysis because you will feel that you have got the cheat and all you need is to check for only that which you checked for the other time and you won, although history does repeat itself but then it's important you don't allow the excitement of your wins have a greater part of you and make you too confident you now loose your discipline

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I went through everything that the OP described. Of course, this becomes dull and forgotten over time. But I have already learned this mechanism of action by heart, I know how it all happens. When sitting down to play, many people think that something interesting and unusual awaits them, but in fact these are just algorithms and we are the same as other players (unless, of course, we have a unique game strategy). You don’t need to consider yourself the chosen one in the game, you need to understand that millions of players have a high opinion of themselves, they are all sure that they will win. I would approach this issue from the other side, I would assume that I would most likely lose now, so the bets would be very small and supplemented so as not to wash away the pleasure that I can get. If we abuse the game, then this must be stopped, because our brain begins to gradually erase the boundaries of what is permitted. It is better to close the game and start after 1 day or a week in order to have a fresh look at the game and perhaps think about your game strategy.

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Quote from: vs2014 on February 10, 2024, 01:24:24 PM

The more you get addicted to gambling, the more you will make mistakes because addiction makes you greedy. New gamblers only learn from the experience of old gamblers so when they lose they bet again after hearing stories of winning. No need to be surprised that new gamblers will take time to correct their mistakes or learn. Overconfidence can discourage new gamblers because new gamblers dream of winning big money which causes them to attach big money bets.

I agree with you. When individuals are addicted to gambling their decision-making processes can be significantly impaired. The constant craving for winning can result in impulsive action leading to a series of mistakes like chasing losses, betting more than they can afford to lose or engaging in risky behaviours to sustain the addiction. Greed can blind an individual to the risks involved causing them to overlook factors like probability, odds, and responsible gambling practices.

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Quote from: Aanuoluwatofunmi on February 10, 2024, 03:31:36 PM

There's this one and common mistakes most of the gamblers are very fond of, they will continue gambling even when they know there's no more fun in it all because they wanted to make recovery of their lost, at the cause they keep accumulating to the predicament of lost.

another one is intaking some gambling risk we know aren't deserving it, this may come in any form, but we know all the funny acts that we do and are unhealthy for our gambling lifestyle, things like this are what progress to getting addicted in gambling and having nothing to show about with the way we are gambling over time.

Losing is never been fun and this is one of the main reasons on why gamblers would really be trying to cope up specially if they are really that on a condition that they are still negative
on which this would really be pushing you to play even further despite of the condition that you are in. As you do go ahead then risks on getting wrecked totally is becoming higher.
This is why it would really be that ideal that you should really know into those risks on which it would be causing for you to completely stop on the time that you have noticed these things.
Gambling isnt bad as long you do have that good control towards yourself specially when it comes to spending and everything.

Aanuoluwatofunmi

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There's this one and common mistakes most of the gamblers are very fond of, they will continue gambling even when they know there's no more fun in it all because they wanted to make recovery of their lost, at the cause they keep accumulating to the predicament of lost.

another one is intaking some gambling risk we know aren't deserving it, this may come in any form, but we know all the funny acts that we do and are unhealthy for our gambling lifestyle, things like this are what progress to getting addicted in gambling and having nothing to show about with the way we are gambling over time.

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Quote from: Barikui1 on February 10, 2024, 01:15:05 PM

I don't believe their is something as over confidence in gambling, because you can't be over confidence in something that out of 100%, you only have like 2% chance of winning, so any one that feels over confidence in gambling is just showing stupidity, because he is just under rating something that is extraordinary difficult to tople, so I just feels like it's been spured by addiction, nothing more.And as of greed, it's a generally problem among gamblers, so it's nothing new .

Yes there is over confidence and it is when someone wins and then win again so then they think that they are always going to win, and sometimes they stake higher. I’m explaining it this way because it’s something that makes people lose money on a daily basis.

Quote from: vs2014 on February 10, 2024, 01:24:24 PM

The more you get addicted to gambling, the more you will make mistakes because addiction makes you greedy. New gamblers only learn from the experience of old gamblers so when they lose they bet again after hearing stories of winning. No need to be surprised that new gamblers will take time to correct their mistakes or learn. Overconfidence can discourage new gamblers because new gamblers dream of winning big money which causes them to attach big money bets.

Is it addiction that brings greed or greed that brings addiction? I think it’s the later. If you’re greedy, you’ll be addicted trying to win more.

vs2014

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The more you get addicted to gambling, the more you will make mistakes because addiction makes you greedy. New gamblers only learn from the experience of old gamblers so when they lose they bet again after hearing stories of winning. No need to be surprised that new gamblers will take time to correct their mistakes or learn. Overconfidence can discourage new gamblers because new gamblers dream of winning big money which causes them to attach big money bets.

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Quote from: bitpotter on February 08, 2024, 06:27:19 PM

Quote from: oktana on February 08, 2024, 03:48:09 PM

Quote from: tbterryboy on February 08, 2024, 04:46:53 AM

Overconfidence and greed are interconnected because someone who becomes overconfident will mostly become greedy because of it. When you are winning constantly, you become overconfident and that also makes you greedy because you start thinking that if you are winning, why not increase the stake so that you can win higher amounts? And when you do that, you lose everything you've managed to win in no time and then you start regretting your decisions.

You are right that most gamblers repeat these mistakes because even if they lose everything multiple times because of getting overconfident and greedy, they would barely learn anything from their mistakes, and they start repeating the same thing after a few days. Gamblers tend to ignore things like these very easily.

Agreeable because the overconfidence actually comes from when you start thinking you’ve got this and you’re in control whereas it’s just been luck, even if you applied some statistical analysis. Then you think you are in control so you double your stake (greed), and that’s when you go back to zero. Very true.

Well, I think things like this are often forgotten by gamblers. They become confident when they win and they forget it was just luck. They can get lucky but it's definitely not every day and there are times when they can get it. I think gamblers are too ambitious when chasing wins and they forget that the results they get are more than enough to bet again.

This is what I call the "gambler's cycle" wherein a gambler would definitely stick to gambling regardless of the result of their game.

In this cycle, a gambler's initial reaction whenever he losses is to bet again in order to recover the money he just lost.
Unfortunately, if this loss incurs, this will create a never-ending streak for the gambler to chase away his losses by betting again. Additionally, a gambler would most likely gamble again if they won in order to test again their luck and to see if they can win for the second time. Guess what happens if after they won, they bet and they lost? Yup- they will definitely bet again and the cycle continues.

In order to break this cycle, a gambler must know the amount of money that he must allocate and the threshold of his winnings/losses. In this way, this can somehow compel him to stop and to realize the fruits of his winnings; or to lessen further his losses in the process.

Barikui1

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I don't believe their is something as over confidence in gambling, because you can't be over confidence in something that out of 100%, you only have like 2% chance of winning, so any one that feels over confidence in gambling is just showing stupidity, because he is just under rating something that is extraordinary difficult to tople, so I just feels like it's been spured by addiction, nothing more.And as of greed, it's a generally problem among gamblers, so it's nothing new .

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Quote from: Westinhome on February 06, 2024, 05:50:09 AM

Greedy:
The gambler should avoid of the greediness in the gambling after the continuous gambling winning.The gambler should try to withdraw the funds from the gambling site after the good winning in the gambling site.Many loss the capital by doing high betting and random betting with the positive wipe with more winning.The most of the successful gamblers may skip greedy in their betting.

if there is something I have taught myself about gambling, don't let greed get the better of me & always pay myself...
and in this case, this means me removing my initial deposit and trying to play/grow my bank roll using my profits. If there is something that hurts the most is having a profitable run and instead of withdrawing you choose to increase your risk, for example moving from say $10 bets from your $100 bankroll to $50 per slip because your account now stands at $500 and you loose everthing...fellas this could be a small amount but the habit can be taught from these small steps which should allow you to control your emotions and appetite for greed with big amounts of $$$.

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Quote from: bitpotter on February 08, 2024, 06:27:19 PM

Quote from: oktana on February 08, 2024, 03:48:09 PM

Quote from: tbterryboy on February 08, 2024, 04:46:53 AM

Overconfidence and greed are interconnected because someone who becomes overconfident will mostly become greedy because of it. When you are winning constantly, you become overconfident and that also makes you greedy because you start thinking that if you are winning, why not increase the stake so that you can win higher amounts? And when you do that, you lose everything you've managed to win in no time and then you start regretting your decisions.

You are right that most gamblers repeat these mistakes because even if they lose everything multiple times because of getting overconfident and greedy, they would barely learn anything from their mistakes, and they start repeating the same thing after a few days. Gamblers tend to ignore things like these very easily.

Agreeable because the overconfidence actually comes from when you start thinking you’ve got this and you’re in control whereas it’s just been luck, even if you applied some statistical analysis. Then you think you are in control so you double your stake (greed), and that’s when you go back to zero. Very true.

Well, I think things like this are often forgotten by gamblers. They become confident when they win and they forget it was just luck. They can get lucky but it's definitely not every day and there are times when they can get it. I think gamblers are too ambitious when chasing wins and they forget that the results they get are more than enough to bet again.

Even when we are too confident about a bet, sometimes it's not our confidence that made us to win the bet. Most time it could be as a result of the level of luck we have that could have made us to win the bet. We don't have to be always unnecessary confident about bet that might not give us any gain. Gambling is for those that understand the rules and how to endure and not become emotional when they started losing. Once we are able to control our emotions as a gambler, that is when we could be seeing results since we don't unnecessarily take action based on what we think but what we ought to understand about gambling.

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Quote from: PytagoraZ on February 06, 2024, 09:10:02 AM

Quote from: Westinhome on February 06, 2024, 05:50:09 AM

Some of the mistake was repeated by the gamblers even after the loss in the gambling.The foremost one is the greedy,the gamblers mostly the new gambler get into the greedy after some decent profit in the gambling site.

Greed is a basic human nature so it is difficult to avoid. Humans are never satisfied and increase the bets after getting a bigwin. He only realized after everything that his win was over and then he would regret it. But it was too late and his bigwin turned into a losses

The best way for me is withdraw all the winnings and enjoy it to satisfy myself. When our money runs out, we can start gambling again, of course with small capital. This method will make our minds fresher, instead of losing again at the casino, it will actually make us stressed

I am greedy sometimes in gambling but not to the point that I increase my bets. What I only do instead is continue depositing more if I'm losing which sometimes lead for my wallets to get busted out. If I win big I just play the residual amounts and then withdraw most of the amount. I will then take a break for a while.

If your money runs out, how can you be able to play again? But there are still rakebacks and other forms of bonuses that we can use for a while, while waiting for our wallets to replenish. Losing again and again is still possible even if we withdraw after we win but it's not bothering as long as we are only playing within our capacity.

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Quote from: Juse14 on February 09, 2024, 04:23:17 PM

Yes... a reaction that can really harm us financially. and this reaction is created due to habitual factors. However, it is quite difficult to develop gambling habits by being careful and wise in making betting decisions. We realize that this is carelessness, which we should not do when placing bets. But the next day when we return to gambling, we return to carelessness.

"The music was really fun, so we were carried away by the atmosphere and kept dancing, but after the music finished we felt that our bodies were a little sore because we were moving too much."

The gambler who get greedy in the gambling should solved the problem in the beginning of trading.Because the gambler is do the gambling greedy and get into the habitual of greedy at the time of gambling game all the time.After the habitual of gambling greedy will leads to the loss of entire money in the gambling site.Learning game with losing some dollars is not the wrong one,but losing the money because of the greedy was not acceptable one.The careless gambling also leads to the random betting and losing the entire game in the gambling site.When the gambler realised the game mistake,he may not repeat in the future game.

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Quote from: maydna on February 07, 2024, 11:11:42 AM

Quote from: Juse14 on February 07, 2024, 09:56:24 AM

~

This is normal because it often happens to many gamblers, including me. If I have a win, big or small, I feel my self-confidence will rise, which often tempts me to continue betting. I sometimes forget that it is time to stop, but because greed keeps coming and telling me to continue betting, I follow it, but the result is that I lose. Maybe that's what many gamblers feel, where they feel too self-confident and greedy, so they can't control themselves and instead continue gambling.

What we did was careless, but we must try to learn from experience and not do it again, even though there is still a possibility that we will do it again. That is normal because we humans can easily be tempted by greed. By continuing to learn to restrain ourselves, I think we can anticipate feelings of self-confidence and greed so that they don't bother us when we want to stop gambling so that we can stop our gambling activities easily.

It feels difficult to control yourself and your emotions when gambling, especially after getting several fairly large wins. So in your opinion, apart from learning from previous experiences and also learning from other people's experiences, what things can help us control our emotions and restrain ourselves, so as to avoid impulsive or careless behavior?

Quote from: Gheka on February 07, 2024, 02:10:14 PM

Quote from: Juse14 on February 07, 2024, 09:56:24 AM

~

Even with more care, these basic mistakes are still unconditioned emotional reactions, mostly just a scenario of heightened emotions one way or another, cultivate little by little confidence in your abilities as well as nurture your greedy nature then a few beats are dropped, makes us want to listen to the victory song again, the final result is reproduced as the arrangement. Realizing mistakes quickly but equivalent to forgetting quickly, gamblers are following the rhythm that the casino creates, not dancing to the music they build

Yes... a reaction that can really harm us financially. and this reaction is created due to habitual factors. However, it is quite difficult to develop gambling habits by being careful and wise in making betting decisions. We realize that this is carelessness, which we should not do when placing bets. But the next day when we return to gambling, we return to carelessness.

"The music was really fun, so we were carried away by the atmosphere and kept dancing, but after the music finished we felt that our bodies were a little sore because we were moving too much."

Westinhome

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Quote from: CryptoHeadlineNews on February 08, 2024, 06:13:32 PM

Greed is the act or desire of wanting that which you initially do not own, while forgetting that which you own, and it is a dangerous vice, which has led many astray while trying to gamble an amount too much that they can't afford to lose. But apart from Greed and Over-comfidence, other mistakes repeated by gamblers which has led many kose huge sum also could be seen as Ignorance (i.e whereby you gamble on a game which you had no knowledge about it) and boostfulness (i.e whereby you boast & celebratime too early about a game you staked before it finally plays).

The greedy rule the gambler after the gambler get the greedy to reach the maximum profit.The gambler should satisfy with the minimum profit,So the greedy doesn’t conquer the gambler.Many gamblers who get the greedy had loss huge money in the gambling site.The reason for the gambler loss is the high bet will be made for each betting to conquer the biggest profit.The high betting will leads to high loss in the gambling site,if the luck is not the output for the gambler.If the gambler had made the money by the high betting once,then the gambler will do the same again and again to get the big money from the high betting in the gambling site.

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Quote from: bitpotter on February 08, 2024, 06:27:19 PM

Quote from: oktana on February 08, 2024, 03:48:09 PM

Quote from: tbterryboy on February 08, 2024, 04:46:53 AM

Overconfidence and greed are interconnected because someone who becomes overconfident will mostly become greedy because of it. When you are winning constantly, you become overconfident and that also makes you greedy because you start thinking that if you are winning, why not increase the stake so that you can win higher amounts? And when you do that, you lose everything you've managed to win in no time and then you start regretting your decisions.

You are right that most gamblers repeat these mistakes because even if they lose everything multiple times because of getting overconfident and greedy, they would barely learn anything from their mistakes, and they start repeating the same thing after a few days. Gamblers tend to ignore things like these very easily.

Agreeable because the overconfidence actually comes from when you start thinking you’ve got this and you’re in control whereas it’s just been luck, even if you applied some statistical analysis. Then you think you are in control so you double your stake (greed), and that’s when you go back to zero. Very true.

Well, I think things like this are often forgotten by gamblers. They become confident when they win and they forget it was just luck. They can get lucky but it's definitely not every day and there are times when they can get it. I think gamblers are too ambitious when chasing wins and they forget that the results they get are more than enough to bet again.

Exactly, this is indeed a fact when a gambler is in a winning situation, as you said and I agree with it that gamblers feel great when they win so at that time confidence and self-confidence begin to increase along with higher expectations, all this happens because they cannot maintain their awareness of the real facts of gambling when they are in a winning situation so they overreact to the sensation which in turn makes them become very confident that the victory is generated because they are great and of course this is a scenario for gamblers to finally apply greed in their gambling by putting all the money they have won before to continue the session in the hope of getting a bigger amount of winnings.

Too much in response to the thrill of victory can indeed someone forget the real facts about the possible risks that are completely inseparable in gambling which in the end there is absolutely no doubt for them to apply greed by putting high hopes and maybe you already know that usually greed more often ends in regret because it turns out that luck is no longer there.

bitpotter

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Quote from: oktana on February 08, 2024, 03:48:09 PM

Quote from: tbterryboy on February 08, 2024, 04:46:53 AM

Overconfidence and greed are interconnected because someone who becomes overconfident will mostly become greedy because of it. When you are winning constantly, you become overconfident and that also makes you greedy because you start thinking that if you are winning, why not increase the stake so that you can win higher amounts? And when you do that, you lose everything you've managed to win in no time and then you start regretting your decisions.

You are right that most gamblers repeat these mistakes because even if they lose everything multiple times because of getting overconfident and greedy, they would barely learn anything from their mistakes, and they start repeating the same thing after a few days. Gamblers tend to ignore things like these very easily.

Agreeable because the overconfidence actually comes from when you start thinking you’ve got this and you’re in control whereas it’s just been luck, even if you applied some statistical analysis. Then you think you are in control so you double your stake (greed), and that’s when you go back to zero. Very true.

Well, I think things like this are often forgotten by gamblers. They become confident when they win and they forget it was just luck. They can get lucky but it's definitely not every day and there are times when they can get it. I think gamblers are too ambitious when chasing wins and they forget that the results they get are more than enough to bet again.

CryptoHeadlineNews

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Quote from: Mame89 on February 08, 2024, 01:57:36 PM

Quote from: Makus on February 07, 2024, 06:33:51 PM

I guess the major reason for this problem is confidence of having luck on your side during your gambling. Some times one could win a gamble bet of $1k starting from a $20 stake, and due to the wining strike, the gambler thinks luck is on his side and would continue for a while, only for him to play and discover that he has lost everything bothe the initial money used for stake to win the $1k. Greed is one of the characteristics of a gambler but what matters the most is your ability to control your emotions and actions.

In many places, having a greedy character is not a good thing, especially in gambling games which are full of risks. Many confident gamblers still want to continue gambling when they have won but in the end they lose again. It is true that self-confidence in playing is really needed, this is so that we don't give up easily when gambling, but if self-confidence is combined with greed then you as a gambler will go bankrupt.

Greed is the act or desire of wanting that which you initially do not own, while forgetting that which you own, and it is a dangerous vice, which has led many astray while trying to gamble an amount too much that they can't afford to lose. But apart from Greed and Over-comfidence, other mistakes repeated by gamblers which has led many kose huge sum also could be seen as Ignorance (i.e whereby you gamble on a game which you had no knowledge about it) and boostfulness (i.e whereby you boast & celebratime too early about a game you staked before it finally plays).

Topic: Gambling mistake repeated by the gamblers - page 32. (Read 6251 times)