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Topic: Gambling mistake repeated by the gamblers - page 7. (Read 4511 times)

legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
Share your opinion about this two mistakes with your experience.
I have nothing much to shear because those two things you have listed, I have not take them serious. Right from time I am never a greedy nor an over confident gambler. I always play gamble but gamble with my sense because I know how gambling has destroyed alot of people's destiny due to the inability to understand the way about of gambling.  No doubt greediness has a great effect on people's life because it Leeds to mental or emotional diverstation due to frequent betting without win to an extent people sell their property to take the risk yet nothing to show fort. Instead of winning they end up losing all they have.

Well, these types of mistakes are quite common in people who have a very advanced addiction, personally I have always seen that things with these types of events always end badly for people who risk their assets, and all kinds of things that are of great importance. value, there are many cases that when people do this they lose mortgages, they lose houses, everything, so these types of things are what we must see that it is not possible to do because the rest is almost everything is lost, there are many people who They remain on the street, begging for alms, only because they lost in the casinos, and those are extreme cases, it is sad, but reaching that level is extremely irresponsible and lacks control.

The game may seem very easy and everything is very simple to play, but you have to have something that very few people have and that is responsibility.

Repeated mistakes always happen to every different gambler, this problem should be given understanding and self-control to avoid losses from gambling, the main causes are emotional, greed and they make sure gambling gets a source of income, if they can change the mindset that gambling is only entertainment then they will not experience losses even if they lose their funds, because they never budget funds exceeding 5-10% of their monthly income, so I always remind gamblers to determine the budget limit for gambling so that they don't experience losses, we already know gambling system even though they say random system but the chance of the house getting a profit is higher than winning for the gambler, so never make the same mistake and change your way of gambling with the rules that have been suggested by senoir gamblers

I think one of the reasons why you always lose is because the person believes that they will always win, greed wins, the desire to win all the time, there are players who always want more, including money, and many focus on that without think that they can lose, but I think that is not the only objective, because there is time for everything, basically when a person concentrates only on looking for money and sometimes forgets about his own money that he has as capital and is capable of making many mistakes , therefore when we are doing any type of thing in a casino it is very normal for these people to lose money big and then regret it, that is very common, in fact the thing they always do is complain and look for more money, not only seek revenge, there are always those who make mistakes that are much worse, such as lending money and getting into debt, those are the things that should not be done in the casino, that is why greed and those desires must be put aside.
legendary
Activity: 3234
Merit: 2112
I stand with Ukraine.
One common mistake repeated by gamblers is chasing losses, where they continue to bet more in an attempt to recoup previous losses. This can lead to further financial losses and exacerbate gambling problems.

You are right in general, but in fact chasing losses can be bad only if gamblers have no control over their actions. Chasing losses can fun too, you know. If you know when to stop and if you can make yourself stop before you lose more than you can afford to lose then there's nothing wrong with chasing your losses if that makes you entertained.
legendary
Activity: 2954
Merit: 1050
Leading Crypto Sports Betting & Casino Platform
In that case we can say you have finally learnt how to gamble properly and the mindset and rules needed to remain normal as a gambler. This is good to know and I hope others will also learn from you, the reason I am happy we have a forum like this where we share ideas and interact as gamblers. I am also growing very fast in my gambling and also taking my risk management seriously using the motivation from other experienced gamblers in this forum. Now I feel more comfortable gambling because I set realistic targets and following feasible options unlike before that I was battling with the challenges that the average gambler faces.
Research shows that if you were to try to make a person learn based just on the numbers and facts, they will fail to do so as it is too impersonal, however if you were to show them examples related to their life about how what they are doing is wrong then it is way more likely they will change their ways, it is because of this that those sharing their gambling stories in which they did not do so well is so important, as they are helping others avoid those mistakes, which may have had a very negative on the lives of those people.
Self reflections would really be something that could happen naturally on someones life specially if they are already on such situation on which they havent been able to encounter before.
You would really be having that kind of realizations on the time that you would really be facing up such hard ship on which we know that if its our first time encounter then we would really be possibly
having those kind of approach on which we might be able to adjust accordingly. There are people who would really be making out such matter or thing but there are ones who would really remains.
In speaking about mistakes then these are the most common ones on which gamblers would really be able to make those kind of realizations in the end of line.

You need to reflect things out in order to know how to adopt and adjust, each time you look back and remember what happen from your previous session there's should be learning that you acquire, if you keep doing that same mistake then you are just wasting your time and the amount of money that you are using  for your gambling activities.

Always do a good pause and try to reassess what happened with your gambling session, most of the time, gambler who keeps on losing are just doing that same mistake, either keep chasing their losses or they are dominated by greed and forget how to set limits with their money and time, usual mistake such as mismanage of their finances.
hero member
Activity: 2548
Merit: 533
In that case we can say you have finally learnt how to gamble properly and the mindset and rules needed to remain normal as a gambler. This is good to know and I hope others will also learn from you, the reason I am happy we have a forum like this where we share ideas and interact as gamblers. I am also growing very fast in my gambling and also taking my risk management seriously using the motivation from other experienced gamblers in this forum. Now I feel more comfortable gambling because I set realistic targets and following feasible options unlike before that I was battling with the challenges that the average gambler faces.
Research shows that if you were to try to make a person learn based just on the numbers and facts, they will fail to do so as it is too impersonal, however if you were to show them examples related to their life about how what they are doing is wrong then it is way more likely they will change their ways, it is because of this that those sharing their gambling stories in which they did not do so well is so important, as they are helping others avoid those mistakes, which may have had a very negative on the lives of those people.
Self reflections would really be something that could happen naturally on someones life specially if they are already on such situation on which they havent been able to encounter before.
You would really be having that kind of realizations on the time that you would really be facing up such hard ship on which we know that if its our first time encounter then we would really be possibly
having those kind of approach on which we might be able to adjust accordingly. There are people who would really be making out such matter or thing but there are ones who would really remains.
In speaking about mistakes then these are the most common ones on which gamblers would really be able to make those kind of realizations in the end of line.
hero member
Activity: 686
Merit: 546
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.

Gambling and greedy behavior are almost inherently intertwined - it's foolish to try to think of them separately. Everyone gambling is trying to take a short cut to increase their wealth, which you could argue is one definition of greed. You mention "decent profit" but to anyone who is gambling, that is simply fleeting and all the odds are stacked against you in somewhere like a casino. They will even upfront admit and explain this reality to you, if you're actually looking for the information. The only way you'll ever get around these sort of things is if you set a budget limit, using spare funds you may wish to spend on this "hobby" and give up when you've burned through it in the week or month, because you will burn through it.
Many players want to get rich very quickly and this also empties their wallets at a tremendous speed. In fact, you can be sure and test your luck on small bets and do it over a long distance of 1000+ bets. And if I’m interested in checking this out, then other participants want to risk a lot of money right at this very minute, even with one bet. As for repeating mistakes, many people convince themselves that they will play with small bets, but when they lose each of them, they begin to bet more and more. This is the most common mistake, and it is the leader among all others in frequency.
full member
Activity: 1176
Merit: 165
★Bitvest.io★ Play Plinko or Invest!
Of course, this is not a perfect approach, and there is always the possibility of exceeding the limit. Maintaining a stop-loss limit requires a great deal of discipline and self-control, especially when things are going well. Another strategy that gamblers might use is to keep track of their winnings and losses. This allows them to keep track of their progress and determine if they are earning more money than they are losing. This allows them to make more sensible judgments about when to quit and when to continue. Also, it appears that some gamblers may view it as detracting from the enjoyment of the encounter, but it may also help them succeed.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
In that case we can say you have finally learnt how to gamble properly and the mindset and rules needed to remain normal as a gambler. This is good to know and I hope others will also learn from you, the reason I am happy we have a forum like this where we share ideas and interact as gamblers. I am also growing very fast in my gambling and also taking my risk management seriously using the motivation from other experienced gamblers in this forum. Now I feel more comfortable gambling because I set realistic targets and following feasible options unlike before that I was battling with the challenges that the average gambler faces.
Research shows that if you were to try to make a person learn based just on the numbers and facts, they will fail to do so as it is too impersonal, however if you were to show them examples related to their life about how what they are doing is wrong then it is way more likely they will change their ways, it is because of this that those sharing their gambling stories in which they did not do so well is so important, as they are helping others avoid those mistakes, which may have had a very negative on the lives of those people.
legendary
Activity: 2646
Merit: 1176
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.

Gambling and greedy behavior are almost inherently intertwined - it's foolish to try to think of them separately. Everyone gambling is trying to take a short cut to increase their wealth, which you could argue is one definition of greed. You mention "decent profit" but to anyone who is gambling, that is simply fleeting and all the odds are stacked against you in somewhere like a casino. They will even upfront admit and explain this reality to you, if you're actually looking for the information. The only way you'll ever get around these sort of things is if you set a budget limit, using spare funds you may wish to spend on this "hobby" and give up when you've burned through it in the week or month, because you will burn through it.
hero member
Activity: 2282
Merit: 589
Share your opinion about this two mistakes with your experience.
I have nothing much to shear because those two things you have listed, I have not take them serious. Right from time I am never a greedy nor an over confident gambler. I always play gamble but gamble with my sense because I know how gambling has destroyed alot of people's destiny due to the inability to understand the way about of gambling.  No doubt greediness has a great effect on people's life because it Leeds to mental or emotional diverstation due to frequent betting without win to an extent people sell their property to take the risk yet nothing to show fort. Instead of winning they end up losing all they have.

Well, these types of mistakes are quite common in people who have a very advanced addiction, personally I have always seen that things with these types of events always end badly for people who risk their assets, and all kinds of things that are of great importance. value, there are many cases that when people do this they lose mortgages, they lose houses, everything, so these types of things are what we must see that it is not possible to do because the rest is almost everything is lost, there are many people who They remain on the street, begging for alms, only because they lost in the casinos, and those are extreme cases, it is sad, but reaching that level is extremely irresponsible and lacks control.

The game may seem very easy and everything is very simple to play, but you have to have something that very few people have and that is responsibility.

Repeated mistakes always happen to every different gambler, this problem should be given understanding and self-control to avoid losses from gambling, the main causes are emotional, greed and they make sure gambling gets a source of income, if they can change the mindset that gambling is only entertainment then they will not experience losses even if they lose their funds, because they never budget funds exceeding 5-10% of their monthly income, so I always remind gamblers to determine the budget limit for gambling so that they don't experience losses, we already know gambling system even though they say random system but the chance of the house getting a profit is higher than winning for the gambler, so never make the same mistake and change your way of gambling with the rules that have been suggested by senoir gamblers
legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
Share your opinion about this two mistakes with your experience.
I have nothing much to shear because those two things you have listed, I have not take them serious. Right from time I am never a greedy nor an over confident gambler. I always play gamble but gamble with my sense because I know how gambling has destroyed alot of people's destiny due to the inability to understand the way about of gambling.  No doubt greediness has a great effect on people's life because it Leeds to mental or emotional diverstation due to frequent betting without win to an extent people sell their property to take the risk yet nothing to show fort. Instead of winning they end up losing all they have.

Well, these types of mistakes are quite common in people who have a very advanced addiction, personally I have always seen that things with these types of events always end badly for people who risk their assets, and all kinds of things that are of great importance. value, there are many cases that when people do this they lose mortgages, they lose houses, everything, so these types of things are what we must see that it is not possible to do because the rest is almost everything is lost, there are many people who They remain on the street, begging for alms, only because they lost in the casinos, and those are extreme cases, it is sad, but reaching that level is extremely irresponsible and lacks control.

The game may seem very easy and everything is very simple to play, but you have to have something that very few people have and that is responsibility.
legendary
Activity: 2954
Merit: 1050
Leading Crypto Sports Betting & Casino Platform
Share your opinion about this two mistakes with your experience.
I have nothing much to shear because those two things you have listed, I have not take them serious. Right from time I am never a greedy nor an over confident gambler. I always play gamble but gamble with my sense because I know how gambling has destroyed alot of people's destiny due to the inability to understand the way about of gambling.  No doubt greediness has a great effect on people's life because it Leeds to mental or emotional diverstation due to frequent betting without win to an extent people sell their property to take the risk yet nothing to show fort. Instead of winning they end up losing all they have.
In that case we can say you have finally learnt how to gamble properly and the mindset and rules needed to remain normal as a gambler. This is good to know and I hope others will also learn from you, the reason I am happy we have a forum like this where we share ideas and interact as gamblers. I am also growing very fast in my gambling and also taking my risk management seriously using the motivation from other experienced gamblers in this forum. Now I feel more comfortable gambling because I set realistic targets and following feasible options unlike before that I was battling with the challenges that the average gambler faces.

It's very important to learn how to manage your finances, either in your own experienced or just by reading or viewing those shared post regarding to that same mistakes that gamblers always do whenever they are inside gambling house, it's  true that by learning things you'll be able to avoid things to happen repeatedly and it will also helps to make sure that you'll just going to spend amount that you are willing to let go and time that you should be spending when you are in this activity.

Every sessions that you'll taking counts, learning and knowing how to adjust properly will improve your winning chance and lessen the possibilities of getting addicted and lose more.
sr. member
Activity: 322
Merit: 250
Share your opinion about this two mistakes with your experience.
I have nothing much to shear because those two things you have listed, I have not take them serious. Right from time I am never a greedy nor an over confident gambler. I always play gamble but gamble with my sense because I know how gambling has destroyed alot of people's destiny due to the inability to understand the way about of gambling.  No doubt greediness has a great effect on people's life because it Leeds to mental or emotional diverstation due to frequent betting without win to an extent people sell their property to take the risk yet nothing to show fort. Instead of winning they end up losing all they have.
In that case we can say you have finally learnt how to gamble properly and the mindset and rules needed to remain normal as a gambler. This is good to know and I hope others will also learn from you, the reason I am happy we have a forum like this where we share ideas and interact as gamblers. I am also growing very fast in my gambling and also taking my risk management seriously using the motivation from other experienced gamblers in this forum. Now I feel more comfortable gambling because I set realistic targets and following feasible options unlike before that I was battling with the challenges that the average gambler faces.
full member
Activity: 140
Merit: 63
Share your opinion about this two mistakes with your experience.
I have nothing much to shear because those two things you have listed, I have not take them serious. Right from time I am never a greedy nor an over confident gambler. I always play gamble but gamble with my sense because I know how gambling has destroyed alot of people's destiny due to the inability to understand the way about of gambling.  No doubt greediness has a great effect on people's life because it Leeds to mental or emotional diverstation due to frequent betting without win to an extent people sell their property to take the risk yet nothing to show fort. Instead of winning they end up losing all they have.
legendary
Activity: 2520
Merit: 1009
Leading Crypto Sports Betting & Casino Platform
Chasing losses and not being able to stop and withdrawing money when you get a profit because you think it's a lucky day and thoughts like this are the result of not being able to control yourself so you are dominated by greed.
Unfortunately, many gamblers repeat this mistake, it could be because they are gambling with money that they cannot afford to lose, so they are always trying to get back what they have lost, and when they win, they are not satisfied because after calculating it, it is not comparable to what they have lost, even though it is difficult it's even impossible to recover what you've lost in gambling, even if you can, it's just because you're lucky.
I agree with you, indeed it happens because there is no good self-control. In the absence of good self-control, gambling is unlikely to be stopped, because in my opinion the absence of self-control is tantamount to unclear thinking and this unclear thinking will encourage us to continue gambling because most likely unclear thinking is only thinking about winning, and if the gambling that is done cannot be stopped, maybe what will happen is greed.
The fact is that gamblers like this I think they are not prepared for the money they will lose, because with gambling it is clear that the final possibility that will occur is defeat but that they cannot accept, as a result they cannot stop gambling because they want to recover the money they have lost by gambling that ends up disappointing.

Well, that's not what we often experience from gambling. I believe what we are discussing in this post is a cycle that we often experience in every gambling session. Even though we have good self-control, it is difficult for us to stop our inherent human nature. yeah, greed, curiosity, the desire to win again and again, have become part of us. especially, when it comes to gambling that involves money as a means of betting. I'm sure most of us have had the same experience, even though we actually have the idea of ​​self-control.

The problem is, in practice it's not as easy as we discussed in this post. For me, it all depends on the situation and conditions when we carry out the betting session, the results of which will determine how we respond to gambling at that time. continue, stop or rest for a moment. Ego, feelings, anger will be involved when we lose, let alone in a row. moreover, in winning conditions. well, so how should it be. I don't have an answer to that. but the point is, it all depends on us. where awareness, responsibility, and knowing one's limits will be tested, which ultimately gives rise to awareness of good self-control. Even that is not easy in practice, what is important to remember and apply is. be aware of the limits of our abilities, and that requires all variables to achieve what is called self-control. well, for me it's like that.

hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Any wrong doing in which cost us the loss of the bet we play should be a lesson on us and if we fail to learn and such repeated itself, then we have just refused from learning in our mistakes, though i will say it is more better that we learn from others mistakes than we learn from ours because it would have cost us something important, anytime we are gambling, we should be focused and continue in learning in other to avoid making repeated mistakes.
If you can learn from your mistake, you will becomes a wise responsible that can adapt in many situations. They will not trying to chase the win because that can makes them lose much money. When they make another mistakes, they will try to introspect what they already done and search the mistake so they can fix it and not doing it again. They will carefully when they playing gambling and not follow their greed, intention, or any whisper in their ears because they knows that will only makes them forget with their rules and will caused them lose much money. Yes, learning from our mistake is a good teacher for us because we knows how to fix the mistake and will knows how to prevent the other mistakes not to comes up.
member
Activity: 322
Merit: 85
★Bitvest.io★ Play Plinko or Invest!
When most gamblers place bets, they are confident that they will be able to win a lot of money. But their greed works when they don't stop gambling after making some modest gains, but instead continue one. Most of the time new gamblers and greedy gamblers face this loss more when they go to bet, they bet to earn more money due to which they lose their money at one time. You are right though that confidence always leads a man down in gambling, when a user and player is confident that he will win the bet, then he gradually starts losing. When he bets, he puts more money into gambling so that he can earn more money from it, and his confidence is never justified. So overconfidence always leads a player to losses due to which one time he loses his money, so I think overconfidence is not good at all for gamblers.
Most gamblers who win once they gamble become so addicted that they lose twice as much money as they win by betting twice as much. Due to greed, they are more prone to losses. Gamblers who are overconfident about themselves who overconfident bet twice as much to catch such a bad catch they lose a lot of money at one time they are losing a lot of money so this kind of self-confident gambler is very vulnerable to such self-confident gambling many times they gamble on themselves  It is not right to play in such a way as to harm oneself.
legendary
Activity: 1736
Merit: 2748
LE ☮︎ Halving es la purga
The errors can be of various types, e.g. the error when setting up a game and not realizing the size of the bet, or the WC, then there are the errors of not understanding the probabilities, the house percentage, and finally there are the management errors: bankroll, hours of play, etc. You have to parameterize that, it cannot be generalized.


The thing is that in gambling there is occurrence of mistake and if you have not make a mistake in gambling you have never started because it is not a game of what you can learn and the understand it is a game of opportunity and the lock that is why whenever you see people complaining of gambling neither there are losing in gambling or there are benefiting in gambling do not involve yourself because they know the advantages and the disadvantages of gambling before they entered into gambling, basically I don't like to discuss offer the benefit of gambling and losses of gambling

Your thoughts are a case to analyze.
hero member
Activity: 714
Merit: 521
Any wrong doing in which cost us the loss of the bet we play should be a lesson on us and if we fail to learn and such repeated itself, then we have just refused from learning in our mistakes, though i will say it is more better that we learn from others mistakes than we learn from ours because it would have cost us something important, anytime we are gambling, we should be focused and continue in learning in other to avoid making repeated mistakes.
legendary
Activity: 1904
Merit: 1096
Leading Crypto Sports Betting & Casino Platform
Chasing losses and not being able to stop and withdrawing money when you get a profit because you think it's a lucky day and thoughts like this are the result of not being able to control yourself so you are dominated by greed.
Unfortunately, many gamblers repeat this mistake, it could be because they are gambling with money that they cannot afford to lose, so they are always trying to get back what they have lost, and when they win, they are not satisfied because after calculating it, it is not comparable to what they have lost, even though it is difficult it's even impossible to recover what you've lost in gambling, even if you can, it's just because you're lucky.

I think it all starts with a person's inability to accept the fact of loss or defeat which in turn makes it difficult for them to control themselves when they lose and in the end it is clear as you said that the action they will take is gambling with the intention and purpose of chasing victory in order to reach the recovery phase, this is a situation when someone is losing and also when the situation is winning still I would say that it is not a real win for them because after all this type of gambler will find it difficult to completely ignore the greed aspect in him so as you said that they feel that this is his lucky day and instead of immediately cashing out his winnings but they prefer to continue the session in the hope of getting a bigger amount.

Usually this is a typical gambler who has entered the addiction phase where when they win they are greedy and when they lose they are unable to accept reality, and yes I agree with you that most likely they are gambling with money that they cannot afford and also in addition to carrying the intention and purpose to earn so in the end the results at the end of the session are always disappointing, they only think about winning and do not think about what if they lose.


These gamblers are comfortable with chasing losses, it's a psychological factor that's not crucial in positively helping a gambler's journey. Such players don't research for fresh ideas that'll prevent the multiple losses caused by chasing losses. They think the strategy is the only way out of gambling. That's why the players tend to stick to the idea and not stop, despite getting lots of losses. I don't blame these players, due to their inability to make changes by themselves. They'll only be blamed for not trying to read up or try new means of gambling and quit compulsive gambling behavior. Well, nobody is bigger than what he doesn't know. I think such players are not equipped with gamblers who would show them the right gambling attitude.

Most of them are carried away by similar players, with mutual behaviors. At the early stage of gambling, these players make this decision willingly. But along the line, it begins to occur involuntarily. Many of them never realize this anymore, it's now their gambling culture. To play away all their funds whenever they gamble. The wins aren't enough, because a lot has been lost. Hence the tradition continues that way for a long time till the person can't get over it. They lack control and because of this, the player wouldn't have the energy to stop this or completely get satisfied from gambling in this manner.
Every unwise decision deepens the cycle of chasing losses. We're talking about a basic misunderstanding, not horrible individuals. It seems logical, a system they can penetrate, but they're pursuing a phantom. Bet more, bet bigger; thinking that'll win back what's lost. Randomness disregards your last hand or spin. Every play resets odds

The escape plan? The key is willpower, not knowledge. About choosing whenever the need strikes. Making the tough choice, leaving. Gambling culture promotes always more, yet those lights and promises are empty. Control and ownership are the strengths we need to discuss. Really look at your life and ask, "Is this who I want to be?" Taking charge is hard, but it's the only way out of the spiral. Step by step
full member
Activity: 1148
Merit: 208
★Bitvest.io★ Play Plinko or Invest!
When most gamblers place bets, they are confident that they will be able to win a lot of money. But their greed works when they don't stop gambling after making some modest gains, but instead continue one. Most of the time new gamblers and greedy gamblers face this loss more when they go to bet, they bet to earn more money due to which they lose their money at one time. You are right though that confidence always leads a man down in gambling, when a user and player is confident that he will win the bet, then he gradually starts losing. When he bets, he puts more money into gambling so that he can earn more money from it, and his confidence is never justified. So overconfidence always leads a player to losses due to which one time he loses his money, so I think overconfidence is not good at all for gamblers.
Greed will always make someone make mistakes in placing their bets and most people who are greedy will of course continue to miss out on the winnings they have obtained so that they don't have any winnings left and only regret this when they no longer have the money to place their bets, indeed If someone is too confident in gambling, of course they will spend more of their money on gambling in the hope that they will be able to win more and there is very little chance that they will be able to win from the bets they place.
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