Is Betting Double After Losing is Really a Good Decision? - page 8.

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Quote from: Russlenat on April 05, 2020, 07:49:18 PM

Quote from: ampere on April 05, 2020, 04:26:27 PM

To me, betting double after losing is a sign of desperation from the losers aspect.
And this is an attitude very conversant with a near addict of gambling.

We need to always maintain our calmness, either in profits or in loss.

That could be in most cases as when you double and you still lose again, you might think of doubling again until you will wipe out your entire bankroll and that is very frustrating. but for some, they know how to use this strategy so they are successful, but still not advisable for newbie as mostly their emotion is what they use instead of making a strategy to make it work.

Doubling your bet after losing is not a strategy that should be used by anyone, it has been demonstrated many times before that betting strategies do not change at all the nature of the games and the odds of winning or losing, and while it may give the impression at first of being a good strategy since you seem to recover your money each time you double your bet, eventually your luck is going to run out and you are going to lose all your bankroll, now this may seem unlikely to some but the longer you play the more certain this is to happen to you.

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Quote from: traderethereum on April 06, 2020, 12:30:36 AM

Quote from: Russlenat on April 05, 2020, 07:49:18 PM

Quote from: ampere on April 05, 2020, 04:26:27 PM

To me, betting double after losing is a sign of desperation from the losers aspect.
And this is an attitude very conversant with a near addict of gambling.

We need to always maintain our calmness, either in profits or in loss.

That could be in most cases as when you double and you still lose again, you might think of doubling again until you will wipe out your entire bankroll and that is very frustrating. but for some, they know how to use this strategy so they are successful, but still not advisable for newbie as mostly their emotion is what they use instead of making a strategy to make it work.

For people who are new in gambling, betting double on gambling will be frustrating because they can see the chance to win will be less than the loss that they may get. They don't have much experience in how to use that strategy so they can play with emotion, and that can be a trigger to get a big loss. We don't have to try betting double like what other people do, and it's better to play gambling with little money to prevent the big loss.

Experiencing big loses will only happen when a better loses control, regardless of his strategy as long as he has the control and he has a good bankroll strategy, he will certainly last as a gambler. It's a matter of how discipline you are, when you lose you should always make sure you don't go beyond the limit and you'll be okay as there's always tomorrow to try to start winning.

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Quote from: Russlenat on April 05, 2020, 07:49:18 PM

Quote from: ampere on April 05, 2020, 04:26:27 PM

To me, betting double after losing is a sign of desperation from the losers aspect.
And this is an attitude very conversant with a near addict of gambling.

We need to always maintain our calmness, either in profits or in loss.

That could be in most cases as when you double and you still lose again, you might think of doubling again until you will wipe out your entire bankroll and that is very frustrating. but for some, they know how to use this strategy so they are successful, but still not advisable for newbie as mostly their emotion is what they use instead of making a strategy to make it work.

For people who are new in gambling, betting double on gambling will be frustrating because they can see the chance to win will be less than the loss that they may get. They don't have much experience in how to use that strategy so they can play with emotion, and that can be a trigger to get a big loss. We don't have to try betting double like what other people do, and it's better to play gambling with little money to prevent the big loss.

Russlenat

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Quote from: ampere on April 05, 2020, 04:26:27 PM

To me, betting double after losing is a sign of desperation from the losers aspect.
And this is an attitude very conversant with a near addict of gambling.

We need to always maintain our calmness, either in profits or in loss.

That could be in most cases as when you double and you still lose again, you might think of doubling again until you will wipe out your entire bankroll and that is very frustrating. but for some, they know how to use this strategy so they are successful, but still not advisable for newbie as mostly their emotion is what they use instead of making a strategy to make it work.

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To me, betting double after losing is a sign of desperation from the losers aspect.
And this is an attitude very conversant with a near addict of gambling.

We need to always maintain our calmness, either in profits or in loss.

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Quote from: AakZaki on April 05, 2020, 03:12:44 PM

Quote from: Mometaskers on April 05, 2020, 10:01:18 AM

It depends on what betting strategy you are using. ~snip~

What kind of strategy do you mean? I'm not sure if anyone says a certain strategy can make a win in gambling. Because many people have said that the bookies will win in the end. On the other hand I always assume that gambling is only based on luck.
If playing gambling does not coincide with luck you must take a break and return when luck is truly on your side.

^ Definitely right, anyone can use strategies by their own analysis or what so ever you applied that you can called it strategy. But the fact of gambling that based on luck, a strategy isn't needed most. Martingale is a good technique but I won't call this as a strategy, because this will not long last in longer time. It also needs a big budget every time when you are recovering your losses and probably this also makes your pocket faster emptied.

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Quote from: Mometaskers on April 05, 2020, 10:01:18 AM

It depends on what betting strategy you are using. ~snip~

What kind of strategy do you mean? I'm not sure if anyone says a certain strategy can make a win in gambling. Because many people have said that the bookies will win in the end. On the other hand I always assume that gambling is only based on luck.
If playing gambling does not coincide with luck you must take a break and return when luck is truly on your side.

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Quote from: Mometaskers on April 05, 2020, 10:01:18 AM

It depends on what betting strategy you are using. But if you are trying to conserve as much money, then no.

I don't know what to properly call it but I only increase bets after wins. After consecutive losses I then reduce bets.

Many people follow betting systems while betting thinking that they will win the money, but the thing is that even they win in short term from the gambling website but in the long run they always loose due to the house edge.
Many a times I have been using Fibonacci system in an automated script on many gambling websites in the start they make you money, but after a time the websites start a loosing streak that goes for many turns in a row which make you loose all your bankroll and that's the fault in doubling down strategy.

South Park

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Quote from: NavI_027 on April 02, 2020, 01:54:06 AM

Why not?! Live your life to fullest if and only if you are already a billionaire and just gamble for fun and. Just let the fate decide whether your overall wealth will diminish by few coins or added by few coins as well Grin

.

But on the contrary, if you set gambling as a career and think twice, you should consider first the game you are playing with. Maybe doubling the bets after a loss could work more efficiently in strategy based games such as sportsbetting rather than dices, roulettes and lotteries.

Even if we assume you had the skill to obtain profits in something like sports betting something like martingale will surely destroy your bankroll, it has been demonstrated many times that even if you have a system that earns profits money management skills are what separates those that are successful over the long term and those that fail, doubling your bet each time you lose is a bad strategy because you do not have an unlimited amount of money, also casinos know about this strategy and to protect themselves from players with huge bankrolls they limit the amount of money you can place on each bet.

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It depends on what betting strategy you are using. But if you are trying to conserve as much money, then no.

I don't know what to properly call it but I only increase bets after wins. After consecutive losses I then reduce bets.

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Quote from: stadus on April 05, 2020, 07:25:24 AM

Quote from: tsaroz on April 04, 2020, 11:06:00 PM

I have quiet an experience on losing due to rage betting and one of the popular way of rage betting is to double your bet amount. Even a simple auto martingale does the same. Not only you'll lose fast, you'll also not be able to enjoy what you are doing. It would be better to limit your max bet. It would give you a chance to review your decision or could run for a bit longer where your luck could flip on your side.

Well TBH, I already stop using auto martingale, I use that strategy when playing dice but my experience is mostly a lose and eventually I lose my interest in gambling dice as it was not as entertaining as I was expecting, in the long run you'll get bored, yes the result is fast but we failed to realize our real chances, so now, I do only play for pure entertainment.

as usual, the house always wins
I prefer not to use martingale too.

but seem like some people have results with it.

still never saw detailed reports on gambling experience of people, that could be interesting to follow.

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Quote from: tsaroz on April 04, 2020, 11:06:00 PM

I have quiet an experience on losing due to rage betting and one of the popular way of rage betting is to double your bet amount. Even a simple auto martingale does the same. Not only you'll lose fast, you'll also not be able to enjoy what you are doing. It would be better to limit your max bet. It would give you a chance to review your decision or could run for a bit longer where your luck could flip on your side.

Well TBH, I already stop using auto martingale, I use that strategy when playing dice but my experience is mostly a lose and eventually I lose my interest in gambling dice as it was not as entertaining as I was expecting, in the long run you'll get bored, yes the result is fast but we failed to realize our real chances, so now, I do only play for pure entertainment.

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I have quiet an experience on losing due to rage betting and one of the popular way of rage betting is to double your bet amount. Even a simple auto martingale does the same. Not only you'll lose fast, you'll also not be able to enjoy what you are doing. It would be better to limit your max bet. It would give you a chance to review your decision or could run for a bit longer where your luck could flip on your side.

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Quote from: kawetsriyanto on April 04, 2020, 07:45:56 PM

-snip-

Can I say its coincidence and not strategy ? I hope this is more appropriate to say because there is no strategy that will bring the player to victory in a row and make him a rich man. I am sure the strategy discussed is not the right thing to be adopted by gamblers, it is just a coincidence and there is no strategy that guarantees that players benefit.

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Quote from: fortunecrypto on April 04, 2020, 10:33:31 PM

Quote from: Lucasgabd on April 04, 2020, 12:17:04 PM

it'll really vary depending on the game you're playing
sometimes you can calculate the odds and in some games the odds are a bit more on your side.

just remember: the house will always win.

no matter what happens.

The house always win and you can only beat it when you know when the right time to quit,

yups if we can be contented in small winnings and not becoming greedy to look for much even higher then thats a different thing i guess .

Quote from: fortunecrypto on April 04, 2020, 10:33:31 PM

there's always a temptation to continue thinking it's your lucky day and you have to go on, but the truth is the algo will make you think that way until you realize that you should have quit when you are in a winning streak.

yeah that is it mate,the Online casino will only let you win for a while to make your confidence boosted but after that?for sure the program will go against you and without being noticed losing will take place .

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Quote from: fortunecrypto on April 04, 2020, 10:33:31 PM

Quote from: Lucasgabd on April 04, 2020, 12:17:04 PM

it'll really vary depending on the game you're playing
sometimes you can calculate the odds and in some games the odds are a bit more on your side.

just remember: the house will always win.

no matter what happens.

The house always win and you can only beat it when you know when the right time to quit, there's always a temptation to continue thinking it's your lucky day and you have to go on, but the truth is the algo will make you think that way until you realize that you should have quit when you are in a winning streak.

Greed always conquer your mindset thinking that you have that lucky day and let you continue to keep playing until you realized that you already losing
everything back. It's no argument that discipline gambler can do take advantage of situation, quitting while they still have decent profits and not to play
aggressively when things is not in their favor.

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Quote from: fortunecrypto on April 04, 2020, 10:33:31 PM

Quote from: Lucasgabd on April 04, 2020, 12:17:04 PM

it'll really vary depending on the game you're playing
sometimes you can calculate the odds and in some games the odds are a bit more on your side.

just remember: the house will always win.

no matter what happens.

The house always win and you can only beat it when you know when the right time to quit, there's always a temptation to continue thinking it's your lucky day and you have to go on, but the truth is the algo will make you think that way until you realize that you should have quit when you are in a winning streak.

Our luck is not unlimited that is why we should aware on where and how we are going to quit especially if we have now winning streak. There are people who suffer losses instead to gain profit because they let their greed to control them. They are not realizing that the profit that they made is now enough and they will regret their decisions if they lose huge amount of money.

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Quote from: Lucasgabd on April 04, 2020, 12:17:04 PM

it'll really vary depending on the game you're playing
sometimes you can calculate the odds and in some games the odds are a bit more on your side.

just remember: the house will always win.

no matter what happens.

The house always win and you can only beat it when you know when the right time to quit, there's always a temptation to continue thinking it's your lucky day and you have to go on, but the truth is the algo will make you think that way until you realize that you should have quit when you are in a winning streak.

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Quote from: romero121 on April 04, 2020, 07:59:18 PM

Gambling is all about fun and excitement. The excitement gives happiness as well as sadness based on the result of the game. Very few double after losing or the martingale strategy with a better understanding. In most cases out of anger or loss encountered people just keep on increasing the spending. Here the success rate is very low in such cases than people using such strategies with a better learning.

It is true that we can get enjoyment through gambling but we can also get anxiety and not good feeling especially if we lose. Those people who are not aware the risks that they are taking are the people who are prone to double their bets after they lose because there is a greed that they are feeling and their mind is focusing on how they will get back the loss and their solution is by doubling their bets.

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Gambling is all about fun and excitement. The excitement gives happiness as well as sadness based on the result of the game. Very few double after losing or the martingale strategy with a better understanding. In most cases out of anger or loss encountered people just keep on increasing the spending. Here the success rate is very low in such cases than people using such strategies with a better learning.

Topic: Is Betting Double After Losing is Really a Good Decision? - page 8. (Read 2429 times)