Topic: Gambling mistake repeated by the gamblers - page 36. (Read 6240 times)

I believe this are typical things that happens to a gambler. Greed will always be there because we are trying to win more and this is gambling, not trading. That's one behavior that is not easy to control especially when we are winning and feeling lucky on that day.

Over confidence in my opinion is when we feel like we are losing more so there's a little chance we will lose on the next bet which I think is a wrong perspective about gambling. We become more brave to keep on betting because of the idea that we won't lose anymore after a losing streak. It's a big mistake. Gambling sites will keep on taking whatever amount and there's no limit for it.

Being greedy does not disappear in the gambling world, there are still many people who gamble greedily even though they know that their greediness is not good but others still repeat it because they hope to get a lot of money from gambling. Actually, it's okay to make mistakes, everyone makes mistakes, you just need to learn from that mistake and don't do it again.

Even though I get greedy sometimes even though I know the fate of my being greedy but I don't always do it, I still have control if I lose just once it's okay because that's being greedy I still have a budget when I lose I stop gambling, when I win I still stop gambling. Just don't overdo it because everything too much is bad.

Overconfidence and greed are the same things that most gamblers do over and over again, even in the present that we are facing right now. That overconfidence often happens, of course, because that's what you bet or chose because we think that's what will come out of the bet we made.

And greediness is often among gamblers who become addicted to gambling, but others who are not greedy do not have it because they know how to handle themselves when playing gambling. Also, always chasing the amount that we lose in gambling often happens to gamblers too, right?

I would say three!

In addition to the ones you already mentioned, there is also "The Unconformist", that player who, even after losing a lot of money, doesn't accept that he is so "unlucky" and then continues to put in more and more money, and generally trying to cover previous losses, always believing that at some point luck will have to "appear" and then he will recover the lost money and still make a profit.

The worst thing is when he actually achieves this, and then he goes back to being an ambitious player, as you already mentioned, and then he loses everything again.

Irresponsible gamblers make so many mistakes, including but not limited to the ones you listed in your op, if you are a responsible gambler, there are certain actions you would not take, and that will help you find a good balance between gambling and other activities in life. I usually recommend that people who want to gamble need to find out what the meaning of responsibility in gambling is and follow it totally.

Revenge Gambling

This kind of gambling is what most gamblers do and end losing everything they have. A gamble could have stake let say on a football games with more than five matches and if a game gets cut in that’s staked games he goes back to play the game or others with the intention that the money lost on the first game will he recovered. This is the kind of gambling is where you lose more money instead of winning. So when you experience a loss in a game it is better to close the game and then come back the next day but increasing either your stake amount or any just to get the lost money back is bad

I also fall for those mistakes, and that's why I have a set of rules in place that I follow because it's easy to space out and have those vulnerable moments as those extra chunks of profits are always tempting.

Aside from cashing out your bankroll, creating a spreadsheet to track your transactions and bets would also help reduce that greediness. That way you'll be more cautious of the amount you'll be betting and reconsider before pulling another big bet.

Some people keep making the same error because they never give up faith that they will one day make enormous gains from gambling, regardless of how much money they lose. Despite their best efforts to abstain from gambling, many are unaware that their current losses are the result of greed, and some are uncontrollable. However, those who have lost a lot of money on gambling are newcomers because they lack gambling expertise, and they don't question those who have been in the game for a long time or who are well-versed in it.

Furthermore some will only begin gambling with a substantial sum of money that they can afford to lose, and because of their overconfidence, they typically lose their money without making any profits.

Under normal circumstances, a mistake should not repeat itself and if this should happen, then its either the gambler is yet to identify the reason to why he has made such a mistake or maybe he refused to learn his lessons from such, it is also important to know that we should try all our best to make sure we avoid making mistakes while gambling because it going to cause us loosing our bets and every efforts rendered at the course, the more we are making mistakes the more its going to cost us, i believe that not everyone can afford making mistakes like that each time they are gambling, so we need to exercise patience and caution each time we are gambling to ensure we don't fall under the attempt of making mistakes.

Op any gambler can fall for this as it's not just newbie gamblers that are susceptible to greed and overconfidence in gambling. What really causes over confidence among gamblers is their haven been on a lucky winning streaks for a lengthy time and when the losing steps in after so many wins they fail to accept that things have changed and they have to quit for a rest away from continuing with the bets. They get too confident that they can come back to winning ways immediately again. And most times this overconfidence is fueled by some atom of greed too.

When you say "over confidence" - I'm left with no choice but to ask; why would anyone be too confident on a mere speculation? Cus for all I care , there's definitely a counter-speculation somewhere else on the same games you wagered - might be on singles and doubles of those odds.

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GREED: Man's worst enemy... It can lower you to the ground and roll you up under the carpets.. the more you wanna have some MORE, the less successful you become... Some people wager endlessly without having any returns and THAT, is exactly how you get psychotic at the end.

Sandra 🧑‍🦰

While these are definitely true, they generally make people lose money because they bet more.

Being humble and not greedy are not going to win you money at casino games, as long as the house has a mathematical edge over you. That's the unfortunate reality of it. But you can limit yourself to how much betting you do on a day to day basis to ensure that you are staying within budget.

One of the most important things to understand as a gambler is what things you can control and what things are out of your control.

In some way there is also a lot of arrogance involved, after all if gamblers with more experience than you are telling you that reaching your goals is very difficult, if not impossible, then at some point you should reevaluate your goals and see if you are mistaken on pursuing them, but to disregard those opinions completely based on nothing but your own beliefs assumes that you know better than everyone else, and very often this is not really the case.

You're absolutely right buddy but let's be rational a little bit, greed and over confidence play some good roles in ones gambling life to some extent. as some people have said that if you gamble with a minimum percent from you income you could use it however you wish in gambling and we all know that gambling solely depend on luck which equally means that if one be greedy to an extent of taking some kind of risk in gambling like staking on high odds on bookies or staking multiple choices with the confidence that you can win whatever you gamble on. at this point one could be lucky enough to experience at least once among the many times one could try such risk one at least most get lucky and as such the potential win or over all profit could be so huge that it can settle your losses and even to a 5X of your income if not more.

Note: that this is just my imaginations not reality but if put to work could be come real.

Doesnt always end up good for most or 100% of gamblers on which greed would really be the main reason on why you would really be putting up yourself on such tough situation on which you wont really be that able to feel it out on early but if you are someone whose really that having that realistic approach on things then you would really be able to make yourself having those kind of sense of responsibility on the time that you do deal up with gambling on which we know that this is something that risky if you wont really be that careful on the things that you are dealing with. We do know that it cant really be just that possible
for you to be able to avoid those losing situation on which house do always win at the end or simply risks is much more higher on losing than on winning.

If you do really just that play gambling for the sake of fun then it should be find but if you are really that doing the different or opposite side then sooner or later you would really be able to taste up
on what are the things that most gamblers do commonly be able to experience on. This is why you should really be that careful at least on what you are dealing with.
Gambling should be fun and not something that would really be stressful.

Great article. I would especially like to draw attention to overconfidence. When a player starts to succeed and has earned some money, then he may not act very wisely.
Someone once told me about car accident statistics, more people get into accidents after 2-4 years of driving. When lack of confidence passes and excessive self-confidence comes. SO in gambling, at first the player is cautious, but over time he may lose caution

i guess those feelings that you mentioned are normal to any gambler, a newcomer or a long-time gambler have those feelings so to speak. now, it is up to the player how he will manage those emotions so as not to go deep into depression or brink of addiction. because if you do follow your desires, you will indeed put yourself into a compromising situation where you can possibly regret your decision.

and most definitely, most gamblers are after for the winnings also not only for fun. you are a hypocrite gambler if you say you don't want some winnings, right?

sometimes we are unable to control temptations so this keeps repeating itself, I have felt like mistakes keep repeating themselves up to now, maybe you can also give us a solution on what we should do so that it doesn't happen again

most of the time if we ask people who play, what is the reason why they are playing, we will hear them saying that they are playing to have fun, but when we pay attention to what they keep posting we will observe that they are actually playing because they want to make profits. but they are having a lot of losses and as their objective was to have a lot of profits and not to have a lot of losses, so they keep chasing losses, but it turns out that chasing losses only increases losses more and this makes many people go bankrupt because of gambling. bad luck, unfortunately this has been a big mistake and a very common mistake that most people have made

Often it is not greed that sinks people into gambling, but putting feelings into gambling. things like getting angry when someone is losing a lot and constantly, things like thinking about taking revenge on the house and something that makes people lose even more money. people who cannot, before starting to play, have a correct plan and know exactly what their limit is that they should not cross under any circumstances because if they do then they will stop playing for a long time, people who, before starting to play, do not They think about what the maximum amount of their bankroll will be, which they should never spend every month and every year, people who don't define a maximum amount of time they can spend playing, are the people who easily sink into games of chance.

We hear these stories about greed all the time, but few players listen to them, and maybe they don’t want to hear it. Because their minds are clouded, they just want to get that damn win and don’t want to think about the fact that anything can stop them. This is their main mistake, you need to be able to think, analyze and adapt to all the subtleties and tricks, you don’t need to rush just ahead to the jackpot. There are various gaming strategies that do not guarantee us a win, but can only bring us at least a little closer to it. This is how you need to think, and not spin around with everyone else like a squirrel in a wheel. Creative thinking, willpower and stress resistance will allow players not to step on the same tracks that were there before.