Gambling mistake repeated by the gamblers - page 39.

Oshosondy

legendary

Activity: 1652

Merit: 1208

Gamble responsibly

Quote from: coin-investor on February 06, 2024, 08:15:06 AM

I'm guilty of this when I was just starting my venture in gambling, I was like hitting when the iron is still hot I believe in this saying in many situations but it's too late to find out that it will not work in gambling, I was so greedy back then that I thought that I can make money from gambling if I can create a winnable method, I was in searched for the best method I can apply on my betting so I can win some more, I even explore martingale because the theory looks good on study but unfortunately I found out that it will not apply on gambling.

I too fall victim of this. There were times I would win and think I am better than before and think I am becoming more professional in gambling. But later I will start losing and lose all my money and always find myself losing than winning at the end. That is just gambling. We should not be greedy.

Quote from: coin-investor on February 06, 2024, 08:15:06 AM

There was also a time I was given a tip that a particular game was going to be fixed by players and teams I was so greedy that I even pawned my watch so I could bet more so I could win more until I found out that it was fake news.
You should never apply greediness to gambling, there's a lot of uncertainty in gambling, and if you cannot moderate your greediness you will be a step closer to becoming addicted to gambling.

This has happened to someone that I know before but I told him not to bet on the fixed matches because it was from French Lique 2 and they were two matches. He later gave it a try and lost. My friend used small amount of money to gamble with the matches and lost the two.

coin-investor

hero member

Activity: 3024

Merit: 614

Leading Crypto Sports Betting & Casino Platform

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.

Share your opinion about this two mistakes with your experience.

I'm guilty of this when I was just starting my venture in gambling, I was like hitting when the iron is still hot I believe in this saying in many situations but it's too late to find out that it will not work in gambling, I was so greedy back then that I thought that I can make money from gambling if I can create a winnable method, I was in searched for the best method I can apply on my betting so I can win some more, I even explore martingale because the theory looks good on study but unfortunately I found out that it will not apply on gambling.

There was also a time I was given a tip that a particular game was going to be fixed by players and teams I was so greedy that I even pawned my watch so I could bet more so I could win more until I found out that it was fake news.
You should never apply greediness to gambling, there's a lot of uncertainty in gambling, and if you cannot moderate your greediness you will be a step closer to becoming addicted to gambling.

_act_

legendary

Activity: 1064

Merit: 1298

Lightning network is good with small amount of BTC

Quote from: Betwrong on February 06, 2024, 07:17:59 AM

It's worth noting that some people become overconfident even after the continuous losing

Are you gambling at all? How can a gambler be losing and be getting overconfidence for his or her losses? That is not possible. What can come the mind of the person is to use martingale strategy to recover his or her losses, but the more you lose the more you increase the amount of money that you are using to bet and that will make the person to be afraid but looking forward to win just one and win in profit.

Natalim

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

Quote from: Ruttoshi on February 06, 2024, 07:53:02 AM

When a gambler sees gambling as a means to make money, that is when the gambler will not be satisfied with his little win and will continue playing to win more, forgetting that gambling is a game of luck. This why one should have a time limit for his gambling activities, so that when that time elapsed, he can stop playing. Greed also make people not to know when to stop playing.

That is not true, there are gamblers who are professional and they follow their strategy. The problem is most of us aren't professional so we don't know how to handle our bankroll in gambling, as we are being unrealistic most of the time. A professional gambler would be happy with 20% gain in a day or week, but those who aren't are greedy to think they can turn their bankroll into x10 in just a short period of time.

Quote from: Ruttoshi on February 06, 2024, 07:53:02 AM

Over confidence should not be brought into gambling because nobody is a professional gambler, and gamble is more of luck than skill. When you have too much confidence in yourself, it will lead you to great loss.

Like I mentioned, there are professional gamblers. If we aren't professional, it's okay to be confident but we should be realistic with what we are doing, if we have an strategy, make sure we are able to evaluate and is back by real data, not by mere prediction only.

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: ?? on ??

One common gambling mistake is the tendency to chase losses by making larger bets to recoup previous losses. This behaviour, known as the "gambler's fallacy," can lead to further financial setbacks. Gamblers need to set limits, practice discipline, and recognize that each bet is independent of past outcomes.

This is being greedy. Doing this is tantamount to throwing away money as this method will only work if we have an unlimited supply of money. I believe everyone has experience this, when we lose we can't accept it so we chase our losses and we continue to fund our accounts so we have a chance to win back our losses. If everyday we end up winning, then everyone will be happy, however, gambling doesn't work that way, most of the time we loss.

Ruttoshi

sr. member

Activity: 476

Merit: 385

Baba God Noni

When a gambler sees gambling as a means to make money, that is when the gambler will not be satisfied with his little win and will continue playing to win more, forgetting that gambling is a game of luck. This why one should have a time limit for his gambling activities, so that when that time elapsed, he can stop playing. Greed also make people not to know when to stop playing.

Over confidence should not be brought into gambling because nobody is a professional gambler, and gamble is more of luck than skill. When you have too much confidence in yourself, it will lead you to great loss.

Westinhome

hero member

Activity: 1652

Merit: 518

OrangeFren.com

Quote from: Text on February 06, 2024, 07:29:08 AM

Everyone who engages in gambling, whether they are beginners or experienced players, has committed these mistakes. Especially those who use and rely on the martingale strategy, where we expect to win after a long streak, but often, we run out of funds for betting before the desired victory occurs.

We also tend to make mistakes when we are not content with the small winnings we have achieved. At least, even if it's just a small amount, it should still be considered a profit. In our desire for significant gains, we forget to stick to the established plan and budget. We mistakenly believe that winning will continue, especially when the game becomes enjoyable.

The mistake was the common one among the gamblers because of their emotional interference to the game.The loss of the money will make some gamblers to get depressed.This depression was the cause of the emotional imbalance of the gamblers in their game.The victory in the gambling is the long process in the gambling,So the gamblers should take responsibility to hold the funds till the victory phase occur.

The small winning will give the gamblers greedy,because he get some confidence to achieve using their knowledge.But he had forgotten may things was the reason for the small win.The luck also the part of the previous win in the gambling site.If the gamblers expected more luck with the greedy in the gambling site will leads to the complete loss of the capital and winning money of gambling site.

SmartGold01

hero member

Activity: 882

Merit: 800

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.

Share your opinion about this two mistakes with your experience.

The important thing is to reduce that hunger to make huge amount of money after such gambler has succeeded winning huge, the common reason why gambler's always empty their account when they winning huge is because they have refused to space the gambling site and with the mindsets that could expand and double their earnings.
Increasing wager often leads to draining of account so easily and any gambler who adopts this methods doesn't waste time becoming a gambling addicts so easily because they can't control their emotion of increasing bet.

Kemarit

legendary

Activity: 3080

Merit: 1353

The only mistakes is that we involved ourselves in gambling, simple as that. All what the OP mentioned is the after effect. And it's not overconfidence, it is the illusion that we are in full control of the game and we know the outcome and so we bet on it.

So I call it exaggerative believed, - overestimating their own skill level and underestimating the role of luck. And then we focused on our past success and we don't look at what is in front of us. All tell tales sign might be there in front of us to stop gambling as we are losing, but we are so clouded and belief that we can overcome everything. But in the end, this wrong belief will lead us to poor decision-making, and worst we become gambling addicts.

Text

hero member

Activity: 2464

Merit: 594

Everyone who engages in gambling, whether they are beginners or experienced players, has committed these mistakes. Especially those who use and rely on the martingale strategy, where we expect to win after a long streak, but often, we run out of funds for betting before the desired victory occurs.

We also tend to make mistakes when we are not content with the small winnings we have achieved. At least, even if it's just a small amount, it should still be considered a profit. In our desire for significant gains, we forget to stick to the established plan and budget. We mistakenly believe that winning will continue, especially when the game becomes enjoyable.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

It is not a mistake to believe in oneself but too much confidence has also a negative result. Gambling is not like other things if we have a high level of knowledge and skill, we can assure winnings but this is far different, luck is what we need the most. I'm not sure if I consider this a big mistake because nobody is into gambling without believing that they are right. Even though the results are uncertain, we are still too confident that our bet will win, I've been doing this all the time. Maybe it is wrong but I don't think I have to change this because sometimes I win also from following what is on my mind.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Confidence comes from a previous win, because we all have the god-complex hidden within us, we think that we are lucky and in reality we might or might not be. Hence if you get a win, cash it out and leave if you are playing for profit.

Greed comes from a similar standpoint. People come to a casino to make money - that mindset itself is what destroys their bankroll. Gambling should be done for fun and the defeat should be accepted and not fought back.

However these logical reasons will never make sense to the addicted gambler.

Betwrong

legendary

Activity: 3374

Merit: 2198

🌀 Cosmic Casino

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.
~

Yep, overconfidence isn't something that will help you to win, so it's better to avoid it. It's worth noting that some people become overconfident even after the continuous losing, not only winning. For some reason they believe that the more bets are lost the higher the probability of winning the next bet. Who among gamblers weren't thinking like that at some point?

But it's wrong, obviously.

piebeyb

legendary

Activity: 2464

Merit: 1039

Bitcoin Trader

The point is that anything that is excessive will never be good for either of the two above. Excessive behavior is what sometimes makes us players who cannot control themselves properly when gambling, let alone not being able to manage money properly when gambling, even though we often make the same mistakes. and that will continue to happen if you don't really change the way you play, there are lots of things like that, I've even done it when I got carried away with the game, luckily I realized before I lost more money than my budget limit.

It doesn't matter if you are confident as long as you don't overdo it, it certainly won't be good, and greedy behavior will definitely make the game not so good, everything will definitely go wrong, I once made a mistake like that where at that time I had won more than 3x the amount. my budget and didn't try to stop gambling, instead I risked all my capital and winnings on one sporting match which ended up losing everything in one bet, I do that very often, but I've learned a lot from all of that, what to do when I started to overdo it, other gamblers should do that too. Mistakes are not to be repeated but learned so as not to do them again.

Baofeng

legendary

Activity: 2576

Merit: 1655

Greed though is already given, that's why we gamble and take risk because we think that we are going to win.

One biggest mistake though is chasing losses, I think most of us here are guilty of that, one way in any shape or form. We are hard heated that we think that we are going to get back our wins from casino and so we put big bets again. Unfortunately, this is not always the case, at least winning back what we have losses to them.

Overconfidence, I don't think this is a mistakes, for me that definition is that we are overconfidence in the beginning. We should be always positive that we can win before we gamble. What the OP describe, again this is just how I interpret it, is that we don't know when to stop.

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

These are normal things that could happen when you are feeling the heat of the game, especially when you are winning. Greed is one thing that in my opinion is kind of unavoidable. We want more, that's how human beings behave. It's difficult to be a disciplined gambler especially if the profits are in your hands. There's this urge that pushes us to try one more time and then again and again until we are back to our first deposit without even noticing it.
I mean, it's a common mistake that is hard to avoid. There will always come a time that we will experience it and from there, it's up to us if we are going to learn from those mistakes or not.
I think I have been on that position many times and I will not be a hypocrite to say that now I can control it. There will always be a point where you don't want to stop because you are feeling lucky but it might be a mistake because next to it could be chaos. Getting rekt in the long run and unable to get it back however we try over and over.

Natsuu

full member

Activity: 1148

Merit: 158

★Bitvest.io★ Play Plinko or Invest!

So in the gambling world, getting all greedy after a win is a big no-no. You score some cash and suddenly you want more, right? Bad move is that when you start making risky bets and kiss your winnings goodbye. Then there's this overconfidence thing where you win a few rounds, feel like a champ and start throwing around big bets. Next thing you know luck's not on your side and you're in the red. It's like a rollercoaster but knowing when to stop and avoiding the greed and overconfidence traps can keep you on the winning side maybe

Oshosondy

legendary

Activity: 1652

Merit: 1208

Gamble responsibly

If you have a gambling budget that is very low to the amount you are receiving as salary, you can do the money the way you want. Taking just 5% from your weekly income is good. You can be greedy with it and lose it to gambling and not go more than your gambling budget. It will not affect you because you can afford to lose it. Gambling should not be done with the money that you can not afford to lose. But also for not to regret, it is good not to be greedy though. If you have won little amount of money for the day, stop gambling. If you are losing, stop gambling for you not to lose more. This may help you not to use money that is not in your gambling budget. But the most important thing is to not touch the money you do not have as gambling budget.

Alpha Marine

sr. member

Activity: 756

Merit: 356

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.

Greed in gambling doesn't end well most of the time. It doesn't mean we can aspire for bigger wins but we must learn to know when to walk away with our wins.

Also, greed makes people gamble with more than they're supposed to. It's common knowledge that the higher the stake, the higher the win, but we don't have to stake with more than we can afford to lose simply because we want to win big.
When gamblers get greedy like this, they start to lose money, and that greed won't let them walk away because they want to win it back, by so doing they've started chasing their losses, and we all know how horrible things get when you've started chasing losses.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Some mistakes will always be repeated by other gamblers even after they read about the mistakes that other gamblers have made. They will continue to repeat these mistakes, both beginner gamblers and gamblers who have often gambled, because these are the most common mistakes that gamblers often make. They really don't learn from their experiences or other people's experiences so they still make the same mistakes. We don't need to be surprised by this because these mistakes will always exist as long as gamblers cannot control themselves in gambling and do not manage their money spending. Greed will come to gamblers when they win, so the gamblers who win will increasingly want to chase bigger wins but won't always be able to win in the next round. Overconfidence will also come to gamblers who underestimate gambling or other things, causing them to lose.

Topic: Gambling mistake repeated by the gamblers - page 39. (Read 6251 times)