Topic: Gambling mistake repeated by the gamblers - page 35. (Read 6240 times)

The above mentioned "confidence and greeds" in gambling are all clamouring of gambling addict which are typically bad characters because it gives you false hopes and staying ignorant to the negative occurances along your gambling sides.

It is a common thing that happens to gamblers if they become too confident and greedy in gambling because after winning, a gambler may have the desire to get a bigger win so he wants to continue gambling. However, a gambler should not feel too confident about gambling because in gambling, there is uncertainty about what a gambler will get. He can lose and win, but there is still no certainty about when he can win and lose. That is why we cannot use gambling as a way to make money and only as a place to have fun so that we will not think about gambling any longer. The longer we gamble, the more money we use, which can cause us to experience more losses.

Naturally, people are greedy because of the constant desire for more wealth and it has become common for gamblers to show this desire. Greed is even why we lose at times and record big losses.

I am a gambler and have been trapped severally because of greed. Most times after making predictions I am not comfortable with the potential win and then I add more games and then lose at last and then the amount I felt was small becomes something for me if I had won it. Other times, I place the same game in different tickets because of overconfidence that the game is 100% sure and the game ends up ruining all my tickets. And, I have always failed to cash out when necessary and end up regretting it.

In my opinion, greed and overconfidence are part of the mistakes that hinder us from winning most times as gamblers and this is so because we lack self-control. We are attracted to the juicy odds given to these games by bookies and we fail to understand the risk involved and then get flogged by the bookies for not controlling our greed.

Additionally, it is often the case that people who have experienced a sudden big win in gambling tend to believe that winning again will be easy because they have a substantial amount of capital to start with. They may think that they have plenty of money to gamble with even if they lose. Unfortunately, this mindset can lead them to disregard checking their remaining balance, causing them to lose more than they have won.

This is especially true for new gamblers. And if a gambler continues to win, it is not unusual for him to develop a sense of confidence and the temptation to take higher bets. Controlling all these temptations when it comes to gambling makes it very difficult for gamblers. Unable to control all these cravings one gradually becomes addicted to gambling and one time loses everything due to this wrong move. A similar situation happened to me, although I was able to win consistently in the first part of gambling, later I lost a huge sum of money. And to fully recover that lost money I take action to bet again. In the end I realized that was a big mistake for me

I will take it as a combination of both greed and over confidence. These set of gamblers are always determined and very much confident in themselves even after knowing fully well they have little chances of winning. One thing they fail to understand is since gambling is all about luck then if having a massive win today then another day must not come with the same appropriate luck. With the combination of greed and over confidence, produces a broad way to becoming addicted.

You nailed it SeaCoinCollector (or AI?): the most common mistake, IMO, is not having a plan made in advance. If you don't set up your limits upfront (not only expenses, but also time, frequency, etc.) chances are that you lose control over your actions, which can lead to spending more than you can afford to lose, fatigue, anxiety...

These two are the most common mistakes or pitfalls in gambling. In my experience, to avoid these mistakes or risks, I simply maintain being disciplined and I set strict limits with my betting. I also regularly withdraw my winnings and I avoid impulsive decisions. Gamblers need to be aware and mindful of these to protect their finances and enjoy experiences.

Maybe all gamblers have experienced something like you, including me. I think it's natural that when gambling we get carried away and forget to stop so that we lose our initial capital again, but this only happens occasionally. If, for example, something like this happens to you over and over again, it means your mentality needs to be changed, bro. This kind of mentality is very dangerous for your future in gambling, you could say this is an indication of gambling addiction, because you continually cannot control yourself to stop, and don't even know when to stop.

Indeed, betting money is not your goal because all you are after is excitement and challenge. But even though gambling is just for fun, you have to know when it's time to play and also be able to know when it's over.

Overconfidence is one of the most common factors that affect gambling because the most common effect of overconfidence in gambling is that even when a gambler is losing, he or she will still continue playing. That is a great mistake to me because even though having confidence in what you are doing is good, it shouldn’t be overconfidence, which is sometimes hard to take over confidence from the behaviour of the gamblers because they always believe that surely they will win if they continue playing, which sometimes it doesn't happen like that. That is what makes many gamblers go beyond their budget for the gambling, which might definitely trigger an addiction to gambling.

Because in a situation where you continue playing gambling due to your overconfidence and after all the losses you arrive at a good profit, you will definitely have the belief that even if you are losing, you should continue playing and you will surely win, which many end up borrowing money to continue playing the gambling. From there, you have already started getting addicted, which will be so hard to leave when it gets to the severe stage of addiction.

To me, gambling is a game of luck and experience, so if you believe these two words, you will find it hard to possess that high level of confidence in gambling.

Yes, it is true that this mistake often occurs among gamblers who cannot control themselves, whether they are beginners or old gamblers, it all depends on how much they are able to control themselves when gambling. Someone who is "too confident" is not good when applied to gambling because the risk of losing is very high if you increase your bet. Indeed, as gamblers, they feel confident in their bets and can win the bet if they are confident, even though this is not necessarily true because we also need to think about the risk of losing or even experiencing bigger losses.

Talking about "Greedy" this is a mistake that most often occurs for gamblers who are not satisfied with the winning they have obtained so they continues gambling and increase their bets and again are "too confident" that they can win more money even though it will only losing your chances of winning at the beginning because you were too greedy.

Not sure about the Over confidence mate or depending in what game are you talking because
as far as I can see confident in gambling cannot be applied that much because looking at the games and the chance
of winning ., that is far from being applied so lets take it out and go to the next one that for me ? this most applicable
one for the gaming that is not that much easy  to apply


This is what I mean the true reason why there are so many losers in the gambling industry  as if
you can analyze the situation each gamblers is winning 10-20% of their capital each gambling gaming they are conducting
but they are not enough contented and trying to look for more and that is the main problem of what how gamblers who losses
each time.

mine is chasing losses and using money I can't afford to lose, that mistake has ruined my funds and money that I shouldn't be using for gambling multiple times. this used to happen to me a lot in the past, the urge and the feeling that you'll get your losses back was just too much that you convince yourself that risking money you can't afford to lose is worth it. of course, the majority of the time it doesn't work(there are times that it does) and I end up losing more than I can afford to lose, luckily this is in the past. while I sometimes still get the urge, I am far more responsible now and know what to prioritize.

That because greedy gamblers always do whatever they want and they only care about their own choices in accordance with the goals and ambitions they have in gambling.
Most gamblers, especially those who have greedy attitude, will obviously always experience bad things which all happen because of their own fault, this can be proven from various cases that occur quite often.
No gambler can really be on the right path because when an opportunity appears before their eyes, they will do anything to pursue it, they even have the potential to do immeasurably stupid things.

Mistakes and excessive self-confidence will indeed have bad impact on gaps in gambling.
As gamblers we must always be able to minimize all risks by having the right attitude.

Overconfidence and greed are problems that every gambler should avoid. But many gamblers still don't pay attention until they have to experience loss.
This is because they are too confident in their bets, giving them confidence that they will win. And after they win, they become greedy and try to chase other wins.
This causes them to lose their money and even their winnings will be used to gamble because they want to chase win.
When they can win twice in a row, their confidence will grow and they will think they can win again. This makes them continue gambling and because their greed also increases, they continue gambling but don't realize that it is time for them to lose.

Greedy is always be number one enemy in gambling or trading in fact this should be your enemy in your life too. After winning big there will be a feeling of overconfidence in gambling or trading.

The gamblers will go for the high betting after the continuous winning in the betting this is very true and I actually feel this one with all in money play mines or blackjack after win I just want to go again and again after win again for 3 round strikes the confidence would fill up my entire brain to do more and more

We all fall prey to it sooner or later. Human nature.

But we as gamblers should be fine as long as we learn how to pre-plan our gambling adventures to include certain rules and train ourselves in our discipline so that we can follow those rules.

Greed and overconfidence need to be considered in the equation. So in order to combat that, we need gambling fund/time/betting limits for example. But different people have different triggers, so everyone needs to consider and decide their own rules.

Most of the time, when I am already winning, going on is very easy. Stopping is hard. Why should I stop right? I already have the money. Should I stop just when I have all the money I need to bet, to continue betting? I started with my own money and now that I have all this money from the casino, I have to stop? Why?

This is my mentality sometimes. Instead of calling it a day and go home with a win, I continue gambling with my wins. The end is not good sometimes. Instead of having a win, not only I lost them back, I lost even my starting money.

You are very correct at some point but I disagree with the newbie you just mentioned. Because greed and over confidence is for everyone. And not to be classified to some set of people. Although newbie might fall in such category mostly but doesn't necessarily mean it's only them but to all. Just like one of my thread I said cashout or wait the end, which if you take a close look at it, you will discover that greed can make someone see a game that need to be cashed out but due to greed of trying to get all will make the person lost all at the end.

Then overconfident is another problem people alway have in game which make them loos often though sometimes overconfident works for some people while I doesn't work for some people too. But o. Regular basis most people fail due to over confidence. And the product of overconfident is greed. Greed and overconfident works hand in hand. But if you can minimise that mindset regular winning is sure.

The gambler know the greediness will spoil their entire game,but still they do the gambling with more greediness.The gambler with the greedy go for the high betting in the gambling site.If you go for high betting in the casino,the risk is yours.The gambler will loss the huge money in the short period,the gamblers should multiple the capital as the initial stage.When the capital holdings was high,he can take the big risk in the gambling site.Because sometimes the big risk will give more profit,but the risk always risk to loss of capital money in the gambling site.