Topic: Gambling mistake repeated by the gamblers - page 37. (Read 6240 times)

These 2 mistakes don't only happen to beginner gamblers, but also happen to many gamblers who have been playing for a long time. Because we never know when a gambler's mind is confused which causes him to make these 2 mistakes. Every gambler actually has the trait of greed, depending on how well he manages that greed. However, what you need to pay attention to is playing gambling in moderation, so that your mind avoids things that are burdensome or excessive feelings of winning or losing. Because every game always has a flow that we certainly don't realize.

In general, you are right, yes these are mistakes. But it’s easy to talk about mistakes in gambling, since any “strategy” here leads to loss over the long term. Maybe you can describe the correct behavior algorithm for a gambler? I think here you will be faced with two options (which really work): the first is not to engage in gambling at all (since this is an unprofitable activity). The second option is to treat gambling as entertainment and not expect profits, but rather adequately treat losses (as payment for entertainment).
No-fail strategies are pretty boring, aren't they? Or do you have some third option?

It's a bit of a false narrative from the outset and some flawed reasoning. Let's say you drop $100 into a gambling site and play for a day. Chances are you may get lucky once or twice if you keep playing through your money repeatedly on casino games, which might spike you back to your starting $100 or even a little way above it. However pretty much all of your playing time will be a situation where you have lost money, so are unable to cash out in any sort of profit. Some people get themselves into such a state that they lose that initial $100 deposit and then add another $100, but at that point they have entered a slippery slope and will likely never be able to break even or make a profit again by following this logic.

It is Greed that give these gamblers false confidence to believe they can win again and again after the first win. A greedy person knows no limits,  they do not know when exactly to stop because all their attention is focused on getting more and more without stopping to think about the possible repercussions if things don't go as planned. I often wonder what gives these gamblers the confidence to place bets with money they just won. What gives them the confidence to take loans, sell off properties or even steal just to gamble when they know gambling is only based on luck? Then it occurred to me that is is only greed that can motivate them to take such risks so they will make more money.

This A very serious mistake that should be avoided at all cost and the only way we can avoid it is by controlling our emotions. Once a gambler is able to control his thoughts and emotions,  his priorities will change greatly.

They are doing it wrong if they're overconfident. I know that because I've been there and then it changed over time when I have noticed that being overconfident is a wrong idea to do. You'll get to do what it takes for you to make it as if it's always with you that you're lucky and you'll easily win again when you gamble for the second time around. But little what everyone knows, it's not going to last but may happen again some in the near future but that's it, you're not always lucky but being overconfident doesn't change the situation or makes you even luckier.

I couldn't agree more.
That's what it is going to be when one is overconfident. They think that being a winner is easy again if it's with huge amounts, they think that implication of it is just the same whenever they've gambled before and won big for the first time. They have to remember that this is gambling and it's not always what it used to be when they've firstly encountered it. The times of having bad times is more usual than having the days of being lucky.

these are two common mistakes OP and I am pretty agree withyou.
another real serious mistake of gamblers is related the real winning statistics. they are not aware and most of the times I see people trying to achieve "the lucky shot". Well, this event can also be "more or less" traced back to just mathematical calculations.
ah, I forgot another point but this is self-explanatory... the house always wins.
it's a typical mistake to believe you can beat the bookmaker/gambling house

Greed is not a good virtue in any area of endeavour because it can lead to losing more than you can afford to bear. But we also have to take note that the greater the risk the higher the tendency of winning big. Many big winners in betting took a higher risk than the average gambler. What you see as greed might be a risk to another bettor. The only problem is when you gamble more than you can afford to lose but taking risks based on your level is acceptable.

I like to be confident in anything I do but we should also note that gambling is unpredictable, therefore having overconfidence that we will win a game is not appropriate. The golden rule of gambling is the cure for both greed and confidence issues, just have a gambling budget and fund it with what you can afford to lose.

If you combine greediness and over confidence, this can result in a gambler taking a loan just to gamble. We're always seeing that type of gambler and that's not a good idea to see someone have these characters being combined. It's a mistake that keeps on repeatedly done and many don't notice it to themselves.

And that is because they don't want to see themselves being suggested to do what's necessary. Only for them to act on it naturally, what they like to do is to be greedy when the time comes and they don't want to take tips because they're overconfident.

For that reason, it doesn't makes sense to them to absorb those suggestions because they think that they don't need it and they're good enough.

I can't deny these two things, because they are indeed the most common mistakes and are facts that I have experienced, being too self-confident and greedy are two habits that destroy a person's gambling, even if he has won a big win and has good responsible principles. weak, when these 2 characteristics arise it will make their gambling fall apart and they will lose everything, it can even trigger them to continue making more deposits to catch up on previous losses.

The impact of these two traits is very big if you cannot control them, a person must be more aware of the traits that surround his mind and heart.

It is common for individuals who win large sums of money or those who have beginner’s luck while gambling to become overconfident. They may attempt to repeat their success without fully understanding the intricacies of gambling. This can lead to risky behavior and poor decision-making.

The mistakes were repeated because the gamblers never even knew that they were making a mistake, and because they never knew that they were making a mistake or that the mistake they made is what has made them lose, the will keep repeating the mistakes. Some gamblers may also have identified this mistakes, but have not tried to correct it, so it keeps costing them. Greed and Over confidence has made many gamblers loose their bets, and even loose more. Over confidence will make a gambler not consider giving their choice a second look, make a gambler to ignore tips and warning also. Greed will make a gambler be influenced by large odds, will make a gambler spend a lot of money gambling too, trying to win or chase a lose.

Not really how gambling addiction works. With addiction, there will always be a reward system. In gambling it is for sure profit and thrilling experience (depends on the individual). Things are hooked with dependence of such stimuli. You'd be tolerating your actions in particular with the activity, until you crave for it and eventually  lack of control with things; behavior itself and the drive. So where's the mistake? It, I guess, originated from the drive a gambler is having. Everyone or if not, mostly, of gamblers area after big rewards.  The intention is valid but will never be the action. If you are too  much interested to it, or wherein you are in that 'state', you care less about negativities and tendencies. We might be experiencing and continuously still, we would still go with it and practice being one with the responsible ones.

Newbie gamblers will always make mistakes and many time they might be repeating the same mistakes over and over again but most of the times mistakes turns to be good and no one can perfectly predict games.
Moreover anyone who's repeating mistakes always will find it very hard to learn but they will always learn the hard ways.
Many times greediness is what makes some gamblers to make mistakes, so if one is not greedy he can afford to make sure what he's doing is correct.
However, many of us have been making similar mistakes when we registered in some gambling sites, we also forget to read their terms and conditions before we start funding the account and start betting and when we win we always complain of not being able to withdraw our winnings.

If you ask me this is probably the hardest of them all because greed is just something that can make someone go against all their principles and one thing that am sure about is that greed would never get the gambler anywhere and sometimes it destroys and can even make you start chasing your previous wins because you would probably be thinking of aiming high and then after reaching that target you would set a new goal because of greed and when the loses starts coming you would now try to win back those first profits and even your capital you used in starting the gamble.

This is where self-control plays a big part in our gambling activities. Although being greedy is a common human emotion, it can be difficult to control, especially when we are presented with an opportunity to win big. In such situations, we tend to ignore our better judgment, assuming that we will continue to win big. This leads to an endless cycle of seeking bigger and bigger wins, without realizing the consequences.

Situations will always be different and not necessary for mistakes to be generic, gamblers lost sometimes because it's normal thing to lost in gambling. You need to be confidence in any form to be able to gamble, you need all the confidence you need to be able to gamble else you would try it once and run away the second day. What makes you stay focus on gambling is that same confidence you think it's the problem. If you don't have that over confidence, when you lost a game it's that over confidence that makes you try again because you are confidence that one day, you will win and recover back your your losses which of course is a normal thing in gambling.

As for the greed, I don't think been self-indulgent is a really big problem in gambling because of the chances that we do have, it reduces the risk of been greedy on gambling. For instance, let's say you have been gambling and then you have not won, just lost and loses but you are confidence and then won a multiple bets that help you recover all your losses and more profit, you can't be that naive and foolish and used everything to stake, impossible unless you are filty rich and know no value of money.

Exactly, having a healthy approach to gambling is something that most people always recommend, in any case and one of them in terms of putting a budget that is not too large, or means as you say by putting 5% of the total income from a weekly or monthly salary, However, financial management is one of the most important if you are involved in gambling because it is a risk-taking game while on the other hand to win you need luck which is basically unknown when it comes, so this is the reason why getting a win is much more difficult than losing and because of this we are more advised to put only a small amount so that if we lose we don't lose too much.

If you are involved in gambling or if you are one of the more active gamblers then obviously it is more advisable for you or anyone to try to be a responsible gambler by being able to accept whatever the outcome is at the end of the session and by betting small amounts then obviously I think you can be a responsible gambler, And also don't put any hopes on winning because the final result can never be known, putting hope and applying greed when the situation wins it will only make you regret it when in the end all previous wins are lost again just because you apply greed, however the results in gambling are always unpredictable and the point is you have to know when it's time to row and when to stop pulling over.

For most of our lives, greed is good.  It will help a person gather what he needs to survive. The kid not sharing his toy with the new kids in a playroom means it is good according to Pedias since it shows the kid care for his toy and means he wanna show he owns the toy.

There must be instances that greed makes things better except in gambling I suppose since the more you crave to win the more you lose in the end.  Learning to control, however, is the challenging part.

Greed is the main problem of gamblers and it even makes a gambler become a gambling addict. there will be no satisfaction even if they get a big win, because they are greedy and continue to feel lacking. Big wins will turn into big losses and make him stressed. that's what happens to gambling addicts who are too greedy. I try to keep greed away or control this attitude so that it doesn't bother me in any way, so that everything goes well.

Overconfidence: what I feel in gambling is indeed experienced especially with sports betting that we know when someone likes this sport then they will have confidence in their bets.
When I'm on a winning streak then the confidence increases but there's always the unlucky one where the bet is lost we mispredicted the match.

I've been where I've won 4 x consecutive multi bets but the 5th one was a loss plus the bet amount has been increased, I know it's greedy but with confidence we can do it and forget all about losing.

Greed in gambling is natural, sometimes we also often feel where we want to continue playing especially with today's winnings which are quite good, gamblers will definitely continue to play because of their confidence, but they will lose all their money if their confidence crosses the line.