How do you manage greed to place your bet - page 7.

RockBell

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Quote from: MainIbem on October 03, 2023, 04:19:46 AM

For much long now I have never place bet with a higher amount but there was a bet i placed few days ago and i was tempted to increase my wager from what it should be before, Let say i often gamble with at least 200 Naira and maximum is 2,000 for a multiple bets But recently something came into me to start increasing my wager above my limits due to a game that was predicts to me it gives me all possibilities that I could cash out big time. This now made me to come here to asked how do you control your greed with your bet amount, do you go ahead placing the bet as your minds speaks or do only maintain to your limits whether it plays or not doesn't matter.

Again why do you regret after putting smaller amounts and it happens the games went as planned and starts blaming yourself for not increasing your bet amount, maybe by now you could have cashed out big time. How do you control this thought over your ends do you keep to your regulations of always placing bets with some limits or you place bet according to your mind and regrets after losing that amount for not following your limits?

Lets discuss wisely and if something related to this post please point it out.. Maybe would devote time to study what has been written over there.

That's human nature we are never satisfied and as far has its gambling you just have to control your taste for more because when your are about to place a bet you will want to reconsider adding more money to the initial deposit and since the potential win will also increase i know that kind of feeling, and the temptation is high but you just have to rethink that what if i don't win my money is gone so is better you just reject it. and i know the thing will come upon you like a spirit and you will have no choice you to want to increase your budget for gambling. is not easy to control your mindset but you just have to give it reason to reduce your greed. is better to have little win than use big money and you end up losing which one is more painful. little things should also be appreciated, if not you will end up making some silly decisions.
greed should be controlled properly.

madnessteat

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Quote from: dezoel on October 04, 2023, 04:54:01 AM

^

Many people use the strategy of increasing the bet after several unsuccessful rounds. This is a kind of using part of the Martingale strategy. But few people realize that even if the thirteenth consecutive going bet will be unsuccessful, the probability that the fourteenth bet will be unsuccessful is 1/2 (as if it was the first bet of the game session or the only bet). This strategy does not work, but only misleads the gambler, as a result, raising the rate gambler just takes on greater risks, because his bankroll is limited.

dezoel

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It's all about self-control and discipline, you can't eradicate the thought that you should increase the bet so that you can get bigger wins or regret not doing it when you have gotten a big win but the bet size was small, as a gambler, you will always have such thoughts and feelings and these are the thoughts that will basically make you lose more money in the long run. So, someone should have enough self-control so that they can avoid such thoughts and only gamble with moderate and in-limit bets.

Hardly ever, you might be able to actually get a big win when you increase your bet size because you might be lucky on that particular day, but most of the time, you will see your bankroll getting drained after a short while after you have increased the bet size and soon you realize that you are out of money.

Nrcewker

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In gambling, greed is the main enemy to be honest. If a person can control greed, then definitely he can make good amount of profits. You should always set a fixed amount for gambling. If you exceed that amount, then you should stop gambling. Gambling can be dangerous when you bet all your savings in greed to get more profits. So setting daily targets or a fix budget can surely help you to gamble in limit.

sompitonov

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Quote from: Cryptmuster on October 04, 2023, 01:59:38 AM

Quote from: noormcs5 on October 04, 2023, 01:26:45 AM

Gamblers bet more money because they want the return to be even bigger. They forget that the risk associated with the bet is also high so in case of a loss they can lose all their money which they put in that single large bet.

The only way to refrain ourself from making this greedy decision of playing with big bets, we can only do is to force ourself to follow the money management plan. Money management plans should be established before we start to gamble and if you follow that strictly then no way we can lose money quickly in gambling.

Everything will depend on the gaming budget. The bottom line is that you must control risk management, and only bet on a certain percentage of your gaming budget, let's say for example, it will be 1% of your gaming budget per bet. Accordingly, if you want to bet a larger amount, then you need to increase your gaming budget. This way, you won’t lose your entire deposit over several bets and will be able to analyze from a distance how successful your bets are. If you lose more than you win, then it may not be worth doing.

If we take poker in particular, then there is such a thing as a bankroll, this is all our available money for the game that we can afford to lose. But in order to move up the limits, if you play well enough and are able to earn money, then we will need the following bankrolls (if we play cash no limit hold'em).

Of course, this rule is difficult to follow, even I failed. Because I get frustrated when I have to go back to a lower limit if my bankroll gets lower than what this table requires. To summarize, I can say that only discipline and nothing else will help us in managing our greed. I didn't follow discipline, so I was doomed to fail.

Strongkored

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Quote from: MainIbem on October 03, 2023, 04:19:46 AM

Lets discuss wisely and if something related to this post please point it out.. Maybe would devote time to study what has been written over there.

That's not what is often the struggle of gamblers, struggling to stick to betting limits and rules that have been made by themselves, fighting not to regret when they win but unfortunately the amount of the bet is very small and vice versa not regretting when they lose even though the amount at stake is big because had to increase the amount, gamblers often find it difficult to get away from these things, but thinking about them all the time will not make a difference, it is better to accept wins and losses and play sensibly, increasing the bet if you feel you can afford to lose.

Cryptmuster

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Quote from: noormcs5 on October 04, 2023, 01:26:45 AM

Gamblers bet more money because they want the return to be even bigger. They forget that the risk associated with the bet is also high so in case of a loss they can lose all their money which they put in that single large bet.

The only way to refrain ourself from making this greedy decision of playing with big bets, we can only do is to force ourself to follow the money management plan. Money management plans should be established before we start to gamble and if you follow that strictly then no way we can lose money quickly in gambling.

Everything will depend on the gaming budget. The bottom line is that you must control risk management, and only bet on a certain percentage of your gaming budget, let's say for example, it will be 1% of your gaming budget per bet. Accordingly, if you want to bet a larger amount, then you need to increase your gaming budget. This way, you won’t lose your entire deposit over several bets and will be able to analyze from a distance how successful your bets are. If you lose more than you win, then it may not be worth doing.

noormcs5

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Quote from: Kakmakr on October 04, 2023, 01:04:24 AM

I can say from personal experience that I have won bigger jackpots with max bets on land based casinos. You also tend to hit the Free spins a lot more, if you opt to use the max bet option. The thing, when you bet higher amounts.. you tend to lose your balance a lot quicker, so I will not recommend that for people who wants to play for hours.

I gamble for entertainment, so I want my money to last longer.... and that is why I am betting smaller amounts. I tend to increase the bet slightly after a big win, but that is more superstition than anything else.

Just bet small and accept your wins.... whatever falls from the sky is a bonus. Grin

Gamblers bet more money because they want the return to be even bigger. They forget that the risk associated with the bet is also high so in case of a loss they can lose all their money which they put in that single large bet.

The only way to refrain ourself from making this greedy decision of playing with big bets, we can only do is to force ourself to follow the money management plan. Money management plans should be established before we start to gamble and if you follow that strictly then no way we can lose money quickly in gambling.

Kakmakr

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I can say from personal experience that I have won bigger jackpots with max bets on land based casinos. You also tend to hit the Free spins a lot more, if you opt to use the max bet option. The thing, when you bet higher amounts.. you tend to lose your balance a lot quicker, so I will not recommend that for people who wants to play for hours.

I gamble for entertainment, so I want my money to last longer.... and that is why I am betting smaller amounts. I tend to increase the bet slightly after a big win, but that is more superstition than anything else.

Just bet small and accept your wins.... whatever falls from the sky is a bonus. Grin

SeriouslyGiveaway

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Quote from: MainIbem on October 03, 2023, 04:19:46 AM

Again why do you regret after putting smaller amounts and it happens the games went as planned and starts blaming yourself for not increasing your bet amount, maybe by now you could have cashed out big time. How do you control this thought over your ends do you keep to your regulations of always placing bets with some limits or you place bet according to your mind and regrets after losing that amount for not following your limits?

- Why don't you consider the flip side of the situation, where you bet a larger amount than intended, and then the games don't go as planned? This can lead to significant losses.
- Typically, people often focus solely on potential profits while ignoring potential losses, and then they regret not making more money. I believe this is quite unfair. It's important not to be overly greedy, stick to your limits, and you'll see a steady and sustainable income over time.

Russlenat

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The answer to this is very simple: practice proper bankroll management.

Yes, there's a bankroll in gambling. At the very least, set a decent bankroll so you'll stay realistic all the time. For experts, they don't go all in because they understand that losing and winning are part of gambling. What they are trying to achieve is winning with consistency, which means you need to reach a certain minimum winning percentage to be profitable. For sports bettors, sometimes they set 2% to 5% of their total bankroll for their wagers. That way, they would last longer and remain disciplined throughout the gambling journey. I say 'journey' because this is a long-term approach.

klidex

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Quote from: Juse14 on October 03, 2023, 09:36:44 AM

Just enjoy the gambling games you play and the winnings you get regardless of the amount, don't let a small win you miss and a big win you can't achieve which in the end you will only find a loss every time you play gambling

Being able to get back the capital in a gamble that I do is enough to make me grateful. Big wins are not my main goal in gambling although everyone wants that. I can laugh out loud when I do gambling with friends and can relieve stress in the gambling that I do that is my goal in gambling not pursuing profit and hoping that by doing gambling can change my life financially.

I agree with you, greed sometimes arises when we are out of control so we try to chase bigger profits even though this is not very good. Sometimes today's profits have been set for us according to the portion we can get if we continue to chase luck which might happen. make today's luck disappear.
I once had an experience where when I played a slot machine and I got a jackpot, of course I was very happy because the jackpot I won was quite big and coincidentally my financial condition at that time was unstable and with that luck I was able to use the money to meet my needs, but what the name greedy sometimes appears suddenly in us, I should have known that it was my luck that day and maybe that was the portion that had been created for me but stupidly instead of stopping and withdrawing the money I continued the game because I thought that my profits would increase a lot but it turns out that on the contrary the luck that was mine just vanished because I didn't pay attention round after round and I only realized it when my balance ran out I really regret that and now when I gamble when I get a profit I will stop playing because if will not have the same fate as what I experienced before. Sad

Rabata

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Quote from: MainIbem on October 03, 2023, 04:19:46 AM

For much long now I have never place bet with a higher amount but there was a bet i placed few days ago and i was tempted to increase my wager from what it should be before, Let say i often gamble with at least 200 Naira and maximum is 2,000 for a multiple bets But recently something came into me to start increasing my wager above my limits due to a game that was predicts to me it gives me all possibilities that I could cash out big time. This now made me to come here to asked how do you control your greed with your bet amount, do you go ahead placing the bet as your minds speaks or do only maintain to your limits whether it plays or not doesn't matter.

Again why do you regret after putting smaller amounts and it happens the games went as planned and starts blaming yourself for not increasing your bet amount, maybe by now you could have cashed out big time. How do you control this thought over your ends do you keep to your regulations of always placing bets with some limits or you place bet according to your mind and regrets after losing that amount for not following your limits?

Lets discuss wisely and if something related to this post please point it out.. Maybe would devote time to study what has been written over there.

A gambler is often influenced by others in gambling. But in making a decision, you must act with discretion, otherwise we often think of making more profit in certain bets for different information. At that time when someone gives more positive opinion about the bet there may seem that my win is guaranteed. I am very soon we will be able to recover all the losses or be able to make profit. But when the result is the opposite, there is nothing we can do. We should not pay too much attention to any bets. When we are able to control our greed we can avoid big losses from gambling. There is no guarantee of winning in every bet, so you should not bet only for winning.

MKHTAR484

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I always gamble with money that I have prepared beforehand, so that means whether I win or lose I will not exceed the money that I have prepared beforehand. Indeed, for most people, this method has no sensation, because sometimes the sensation of gambling is when you put money into a game without calculating and hope to win from it. But this method is very good for those who don't want to spend too much money and can estimate how their gambling activity will be, whether it is profitable or not.
And indeed at first when you try this method you will be tempted to gamble more, but if you are persistent and continue to restrain yourself I think you will be able to.

retreat

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I always gamble with money that I have prepared beforehand, so that means whether I win or lose I will not exceed the money that I have prepared beforehand. Indeed, for most people, this method has no sensation, because sometimes the sensation of gambling is when you put money into a game without calculating and hope to win from it. But this method is very good for those who don't want to spend too much money and can estimate how their gambling activity will be, whether it is profitable or not.
And indeed at first when you try this method you will be tempted to gamble more, but if you are persistent and continue to restrain yourself I think you will be able to.

Awaklara

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Quote from: MainIbem on October 03, 2023, 04:19:46 AM

This now made me to come here to asked how do you control your greed with your bet amount, do you go ahead placing the bet as your minds speaks or do only maintain to your limits whether it plays or not doesn't matter.

I bet more often on sports betting. what I limit is only the money I deposit. The amount of each bet will of course differ depending on the chances of winning. but indeed when we see that the Odds offered are profitable and in accordance with our plans, there will be ambition to bet with bigger money. I did that in the past and the results disappointed me.
However, in gambling, everything depends on luck. I was tempted by the Odds offer which looked profitable but the results of the bet were not as we expected. after that experience, I bet almost the same amount on every bet I placed. now there will be no regrets for winning with small bets.

summonerrk

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Quote from: MainIbem on October 03, 2023, 04:19:46 AM

For much long now I have never place bet with a higher amount but there was a bet i placed few days ago and i was tempted to increase my wager from what it should be before, Let say i often gamble with at least 200 Naira and maximum is 2,000 for a multiple bets But recently something came into me to start increasing my wager above my limits due to a game that was predicts to me it gives me all possibilities that I could cash out big time. This now made me to come here to asked how do you control your greed with your bet amount, do you go ahead placing the bet as your minds speaks or do only maintain to your limits whether it plays or not doesn't matter.

Again why do you regret after putting smaller amounts and it happens the games went as planned and starts blaming yourself for not increasing your bet amount, maybe by now you could have cashed out big time. How do you control this thought over your ends do you keep to your regulations of always placing bets with some limits or you place bet according to your mind and regrets after losing that amount for not following your limits?

Lets discuss wisely and if something related to this post please point it out.. Maybe would devote time to study what has been written over there.

First of all, you need to understand that you need to play in a casino and other types of gambling exclusively for Fun. There should be no question of any thoughts about permanent earnings. Casino is about emotions and not about income. But unfortunately, the owners of gaming establishments do everything to make you think otherwise. Therefore, you need to play only with the highest stakes and have fun. If you are fed up with such a game, it is better to leave the table. Because after a long game, dopamine is produced less and in order to return the feeling, I want to raise the stakes. It's like chips, first we eat one piece at a time, and then we take handfuls of them. Also in gambling.

Silberman

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Quote from: Assface16678 on October 03, 2023, 08:47:27 PM

Quote from: MainIbem on October 03, 2023, 04:19:46 AM

Again why do you regret after putting smaller amounts and it happens the games went as planned and starts blaming yourself for not increasing your bet amount, maybe by now you could have cashed out big time. How do you control this thought over your ends do you keep to your regulations of always placing bets with some limits or you place bet according to your mind and regrets after losing that amount for not following your limits?

Well, I have a saying when I play gambling, or, let's say, a mindset: "Profit is a profit; it doesn't matter how big or small it is as long as I win, not lose." This phrase serves as my limiter or boundary when I gamble. why? so that I don't feel what you feel, like having regret for not raising your stake or blaming yourself for not putting in a much higher amount, because it could be greed, you never get contented, and the result could be bad, like betting more and increasing the amount, then suddenly you lose, then you lose more than what you get from winning. In short, don't be greedy, be happy. What you earn is a win no matter what amount it is as long as you don't lose any money, period.

What you are describing is one of the most basic mistakes gamblers go through, if they win an unlikely bet and they transform a small amount of money into a big one, they immediately begin to imagine what it could have happened if they had instead made a huge bet and the profits they may have obtained from it, however this is simply wishful thinking since there is no way to know beforehand when you are going to obtain an unlikely win and make a huge bet just when that happens.

ethereumhunter

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Quote from: Assface16678 on October 03, 2023, 08:47:27 PM

Well, I have a saying when I play gambling, or, let's say, a mindset: "Profit is a profit; it doesn't matter how big or small it is as long as I win, not lose." This phrase serves as my limiter or boundary when I gamble. why? so that I don't feel what you feel, like having regret for not raising your stake or blaming yourself for not putting in a much higher amount, because it could be greed, you never get contented, and the result could be bad, like betting more and increasing the amount, then suddenly you lose, then you lose more than what you get from winning. In short, don't be greedy, be happy. What you earn is a win no matter what amount it is as long as you don't lose any money, period.

Indeed, profit is profit. As long as we don't lose, we have won. But what often happens is that we experience loss first before winning. If we compare the number of losses with wins, the number of losses will be greater than the number of wins. And that's what makes gamblers continue to gamble because they want to win more. But it won't be easy because they will only experience loss after the next round without experiencing a single win. But if they can feel satisfied with what they have and are not chasing bigger wins, they have had enough gambling and should be able to stop as soon as possible. If they decide to bet more, they may not win but will only lose more. And then, they might increase their bet without thinking they have been gambling long enough. If they couldn't overcome their greed, they would only suffer another loss, making it difficult to recover from their losses.

bitzizzix

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In my opinion, what happened to OP is normal and almost all gamblers feel it. There must be a feeling of annoyance and disappointment when we hesitate to raise a bet that ultimately wins, and that is one of the characteristics of gambling and when we repeat it the results are different and we get big losses that should not have happened and only because of curiosity.
It's best to just forget about the incident because if you keep remembering it you will feel like repeating it, which will actually make you lose more often. And bet as you usually bet and with the capital you have budgeted and always be grateful for the wins you get, even though they are not big. Because if you get used to it and master your habits, your chances of winning will be greater than if you change your betting habits just because curiosity will make you regret it if it doesn't match your expectations.

Topic: How do you manage greed to place your bet - page 7. (Read 1357 times)