Topic: Making decisions while betting - page 14. (Read 2885 times)

They will prevent the losses not to become bigger as they knows that will impact to their money amount. They can response as it should be if they lose on the gambling games and never trying to recover their losses. They will knows what they must do and what to react when something happens to them while they playing gambling games. They will have a chance to hold themselves for not makes their emotional becomes higher when they losses.

Excessive confidence in gambling is just makes them forget about how to stop playing gambling because they will be sure that they still have a chance to win. But that doesn't seems like as they expect because when they lose, they will difficult to win and that can increase their losses. If that happens, many gamblers can't take responsibility for their actions because they are not thinks that can happens to them. But after seeing what happens to them, they realizes that they are now in a trouble and difficult to solve if they don't have a strong intentions to solve the problems. They will regrets of what happens to them but some gamblers will not feel too regrets as they can repeat the mistake in the other days. That's why we must be responsible gamblers to prevents many problems that can occurs to us while we playing gambling because that can gives worst situations that we never imagine.

Keeping emotion in check is ensuring you'll never make a bad decision. It's normal to use our emotion in gambling because we are just human, but we should not go beyond on something that is considered as a "don'ts" as it will  only destroy us in gambling.

For a certain game yes, but if you are into long term gambling and you want to build a decent winning percentage, controlling your emotion will be able to help you follow your game plan. What if you are good in predicting the winner (say sports betting), you can win most of the time, but because you were emotional, you bet aggressively, sometimes get greedy and go all in, you lose your bankroll. See, that's what lack of selt control will do to you.

I never understood how keeping emotions in check while betting changes anything. Your odds of winning doesn't change no matter how much you control your emotion. Again the truth is, trying to completely "regulate" our emotions is something impossible to do. It's just not how we're wired. We're human and all those highs and lows is what makes as a human. Instead of trying to suppress what you feel (which can feel pretty unnatural and will eventually cause you to take more bad "decisions"), the key might be to acknowledge those emotions and then based on those emotions you play your game. You feel frustrated? I think it is time to take a break and play later. You feel like you are going to win, why not try your luck? Bet for the thrill. Consider gambling as paying for entertainment rather than a  way to make bank. Treat any profits as a sweet bonus that will let you play more. Set limits and you are good to go!

That's right, as you said that if gamblers know how to react when something happens to them in gambling then obviously they shouldn't experience a significant amount of losses, but the reality is not like that which is the opposite that most gamblers experience an increase in the number of losses and that means they have the wrong reaction in response to losing in gambling which ultimately leads to a larger number of losses.

Having excessive confidence in gambling can certainly make a person do more crazy actions, I am sure that they are actually unable to take responsibility for their actions when the final result does not match their expectations which means that having high confidence in winning will only make you end up with regret and disappointment along with a worse situation which means that your number of losses is even greater. On the other hand, this is a typical gambler who comes with the intention and purpose to earn so they bring high confidence because they are based on the hope of winning, while responsible gamblers are those who prioritize or prioritize risk management so as you said that all they think about is stopping as soon as possible without thinking about the recovery phase.

If gambler know that they don't have to react anything to gambling, they will not lose too much money. They only need to react as a normal thing about the win and lose so their minds will not thinks about recovering their lose because that will not easy to gets. Over confidence can makes someone feel superiors than the others and he will not considering that he needs to stop gambling after he lose because his minds will keeps telling him to continue playing gambling. If someone can manages his emotions and when he already lose some money, he will try to stop playing gambling and will not trying to recover his loses. He knows that can cause him losing more money and that means, he will face bigger problems than he can imagine.

Overconfidence shouldn't cost you a thing if you are used to using only what you can afford to lose, it's the most fair one on your list, because I can become overconfident risking $1 on a bet versus someone who is overconfident and risk $1000 on a single bet, who will be pained if losses comes?

Forget feelings, what you choose to risk when gambling is everything, if you can stick to risking small amount of money, you will be fine, every other things like anxiety, fear, and other emotional garbage won't make any difference to you, because you protect yourself using small money.

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To become a responsible gambler is in fact a very easy thing to do, you need a paying job and you need a small amount out of your salary to risk on gambling, if you are making $1000 in a month, you can easily keep gambling with $10 every week, in a month that's $40, you will have $960 to keep living your life as if nothing happen.

Setting up rules is crucial and requires soft procedures, most players set up rules that are hard to abide by. The process should be ongoing and the player needs to enjoy it, to remain relevant in the game. Those rules are not just on winning, but other factors that boost emotional stability, like critical thinking and setting boundaries. Abiding by the rules on what should be done or not. Gambling requires money and players need to earn the funds before participating in the game. Not achieving the proposed goal, puts the gambler in pain. Which is a starting point for anxiety and fear. Nobody feels comfortable losing their money on what they don't understand.

Naive gamblers think that the wins are the payment for gambling. But forget that it's all a human activity and affects every aspect of our lives. So, regulating our emotions helps in being observant, and structural in all moves about to be made while gambling. Neglecting emotions fuels mistakes and reckless gambling. Leading to addiction. A gambler who has no limitations or goals can become addicted. Due to his uncertain belief about what works or not. Players who obey their rules, already, know it works in limiting mistakes like losses while gambling. Saving up money is also a way of earning money. So, it's important to be smart while gambling.

We all know that as a gambler, we tend to break our own rules and some other rules available to us. During your gambling period, when emotions sets in, we often forget about rules and play without thinking straight especially when we tend to loss. Yes, emotions can be controlled but someone who isn't able to control such will make wrong decisions during his gambling activities. These wrong decisions will probably lead to their fall.
Sometimes during wins, even when we try to get in control of our excitations, we may overlook some points and try to see a better win. Some times some gamblers goes back with the taught that they might get even bigger winnings but they ebd up losing it all.

over confidence can lead to more loses, one can not know if what he's confidence for is not confident for him/her and when they try it they fail. Over confidence can make a gambler to overestimate his losing and to find winning. Over confidence might make you win and it can also make you lose. Over confidence will also makes you not to make good decisions  and without good decisions you might also make many mistakes.

All of the factors you mentioned above belong to emotion. Feelings of fear, stress or overconfidence are all emotions that arise before and while we gamble. Just like you said, emotions are what govern everything and are the most important thing we need to practice if we want to survive in this market. No matter how good your method is, if you cannot control your emotions, you cannot get good results. Gambling is a psychological subject where the probability between winning and losing is 50/50, but if you are psychologically unstable, you often choose to losing door rather than win.

But still after planning, you have to keep an opened mind as gambling isn't a predicted activity, things can turn out differently and you have to be ready to accept the results that you got instead of the results that you had in mind. You can plan how much you want to win as you don't know what the odds are before gambling. It's after you have staked that you'll see what the potential payout is going to be then you'll make a decision if you'll accept it or go and bet on other games with higher odds.

When you start gambling, limit the decision you make on the capital you're going to use as the games can influence you and make you want to add more money than you initially wanted to use in gambling. When you start gambling, if you don't watch your decisions, you might end up betting more than you budget and spend more time too so before you start gambling make sure you make all this decisions already.

I think that would be very important. Wise gamblers are those who can regulate their emotions while gambling. We are not robots who can play without emotion. But we must be able to regulate our emotions so that attitudes such as overconfidence, greed and FOMO can be controlled well so that you will not experience losses and become addicted to gambling. I think what we are talking about here is about reducing the impact of gambling addiction caused by us not being able to regulate our emotions. One way is that you can make several rules that you must obey. That will minimize your emotions controlling your betting.

There no way emotions  won't  overcloud your judgement,  your ability to make decision in betting  is mostly triggered by what you feel toward outcome of an event and you picking to your affirmative  level remains a guess as its  always a future event .
The are no ways to regulate it but you can control it through calmness  toward your  decision making, right decisions  could be made from this  and so as well a wrong( remember future events )
Not all are future events though, some require an intellectual  thinking skill and there's no way you aren't  considering  emotions  with it

Having emotions and controlling emotions are two different cases. Emotions play a significant role in our decision-making process, especially in activities like gambling where there's a mix of excitement, anticipation, and sometimes anxiety. The challenge lies in finding a balance between acknowledging and managing our emotions and making rational decisions based on established rules and strategies. It may not always be possible to completely eliminate emotions from the equation, but learning to recognize when they're influencing our decisions and taking steps to mitigate their impact can lead to more favorable outcomes.

Gamblers need to create a set of rules for themself and stick to them, even in the face of strong emotions, it can help guide decisions and reduce impulsive behavior. If gamblers practice mindfulness techniques or take breaks to recenter themself, They can be beneficial in maintaining emotional control during critical moments. Emotions are an inherent part of being human, but developing strategies to manage them effectively can significantly improve the ability to navigate the complexities of gambling and make more informed choices.

No matter how much we are advised to control our emotions, it is not possible for everyone to control them in reality. Because even a expert in gambling loses his bet money. Moreover, people cannot get away from these emotions even if they try. Because every human being is driven by emotions. Even if a gambler makes relatively good decisions in one bet, he may again be swayed by emotion in the next bet. However, those who can keep their emotions under control at the critical moment and implement the rules can be on the way to relatively good gambling wins. At the moment before betting, a gambler can think about various things due to which the gambler is in a dilemma.

Emotional tension is the feeling that one can't achieve their goals in gambling. Players harness this tension, the moment they begin to lose money. And get sidetracked from their initial goals before venturing into the game. Emotions drags us to our goals positively or negatively. If a person is conscious of himself and wants to maintain responsible gambling, he wouldn't bother about detaching his emotions from the game. Fear goes with anxiety, out of fear the players will end up betraying their motives and goals. Then start up a method that doesn't sit right with the initial plan. Thereby risking the benefits their main plans would have provided them. Yet their emotions still goes with them, regardless of the direction, the player chooses to follow. Trying to be emotionless wouldn't yield much results, as the person begin to forget himself over what he wants in gambling.

Humans are expected to be their number one priority over any other activity. With no respect for oneself, they'll never be any sustainable success. Because the player tends to do things against his personal will or decisions. Like Op stated some factors, important, enough to keep a player in track. But most people who have come across the factors still end up not obeying it, due to the neglection on one's consciousness. So, building strong our emotions not to be easily sidetracked helps a player stick to the right decisions, while gambling. The only problem we face as gamblers, is that the writers who share these gambling strategies, don't actually teach how to achieve it. A reader can't become better by just reading definitions of gambling strategies. But detailed constructed deep learning process on obtaining those factors will help most gamblers remember and practice the method.

Over confidence has been one of the factors that had been affecting us in gambling and one of the ways we can overcome it is by being patient and always calming our spirit whenever it's time for us to make decisions and what to do next in gambling. There are some bets that need thorough thinking for us to get it right. We need to know what we are doing or else we are going to end up losing and keep losing because of some mistakes that needed to be amended for us to keep making money from what we are do. Emotions is another problem that most gamblers always face to make money from the market.

   IMO the amount to win is not even the problem, the main problem is the amount you can afford to lose.
   Why I do not agreed to when you said the amount to win is a good decision is because these days gamblers finds it very difficult to to quit gamble when they are winning.
  It's hard to stop while winning because there sometimes it has been a while you won a bet, so when you might see the opportunity for winning you would want to grab it to the end.
   However, I am not against your comment but just want to let you know that there are still gamblers that wouldn't stop when they are winning.
   Making your decisions before you start gambling is a good practice because it will help you not to lose more, few gamblers put this in mind and lot more gamblers doesn't care of making decisions before they gamble.
   

Gambling decision are better made before even starting the gambling. Decisions such as amount to bet, amount to win, when to stop and every other necessary details must be decided before starting placing the bet or starting the gambling. This is because during the gambling sessions, decisions are not properly made because there is anxiety, bias and other forces that will hinder sound judgement. So the best way to go about this is planning everything before even getting started. Most days I gamble with planning I end up playing the wrong games and taking wrong decisions. But when I plan my  games like a few days ahead, I tend to get better results.

Only few could control their emotion when betting or gambling, even in games like pro gamer or athlete we could see them lose control when they have a match.
So don't expect it to be easy cause even those professionals couldn't control their emotions when they are performing or playing, it is normal to feel all that emotions when gambling.