Pages:
Author

Topic: Making decisions while betting - page 18. (Read 2886 times)

full member
Activity: 658
Merit: 172
March 06, 2024, 05:08:18 PM
#33
How do we regulate our emotions while betting and how important is it?
If you are not conscious of yourself and emotions, you may never know when you are making a decision  that has been triggered by emotions. To always catch yourself in the midst of your bad decision, always second scrutinize your decision making and ask yourself if you are making decisions based or on your emotions or  the decisions are made on the actual facts and reasons. If you always second guess your decisions, to check if they are emotion based, you will not easily fall into the mistake of making bad decisions due to emotions.
hero member
Activity: 700
Merit: 541
Bitcoin Casino Est. 2013
March 06, 2024, 04:55:27 PM
#32

How do we regulate our emotions while betting and how important is it?


In the world of betting, a bettor who does not know how to control his/her emotions is deemed to be a failure.

I will only echo a few things that have been said before in threads that are similar to this on what one could do that would improve how they manage their emotions.

First, learn to play with something that you can let go of easily, i.e., play with only what you can afford to lose. This might sound simple, but it has helped prevent a lot of bettors from having a mental breakdown after experiencing some losing streaks. Imagine depositing money that was meant to be used for something else on your gambling account, thinking you would be able to double or triple it, but unfortunately, you lost it. And also, when you`re playing with money that you`re not supposed to use to bet, you tend to be agitated, which sometimes reduces how you think, leading to you losing the money.

Second advice would be "don`t be greedy". I know a lot of us might have heard about this one more than a hundred times, but the truth is that a gambler should be ready to call it a quit even if they are experiencing a winning streak. There are times when we experience some wins and then we start to have the feeling that if we just continue to wager or if we increase the amount we are staking, we would win even more, but in the end we close that session with a loss. So a gambler should be ready to take whatever little profit they are able to get and not be greedy for more.
hero member
Activity: 616
Merit: 749
March 06, 2024, 04:52:28 PM
#31
Emotions play an important role in influencing your betting decision-making process. Being aware of the impact of our moods and actively working to regulate them can dramatically improve our choices. By avoiding rash decisions driven by emotional highs and lows, guarding against overconfidence bias, and finding a balance between caution and risk, we can enhance our chances of success in  betting.

Regardless of what we do, winning while gambling depends on being lucky as someone that's not in his right state of mind can still place a bet and win a big sum of money meanwhile someone that does everything you're saying will still lose. Making correct decision when gambling can have a good result if you're in the right state of mind but it doesn't guarantee success therefore you shouldn't put all your hopes on them but gamble and enjoy yourself regardless of the games outcome.

When gambling just don't over stake an amount that won't give you peace of mind if you lose the money or over gamble more than you played to gamble due to chasing after losses. Having the right thinking will help you to go a long way most times as you can't be thinking wrongly and expect yourself to play well and win therefore don't make decision when you're not sure of what you're doing but take a break.
hero member
Activity: 2702
Merit: 672
I don't request loans~
March 06, 2024, 04:40:59 PM
#30

In the world of betting where decisions can increase or decrease your chances of winning, it is important to understand the influence of emotions on the decision-making process. Our mood can greatly influence the choices we make, and this also applies to in-play betting. Whether you're feeling elated, frustrated, or anxious, your emotional state can greatly impact your ability to make rational decisions and ultimately determine the outcome of your bets.
In sports betting maybe. In casino games? Ehh in hindsight it's just bias. I recently described it as something you'd only realize AFTER it has already happened, which creates a bias inside you that you think you were right beforehand when in reality, similar instances but the opposite happened has always been happening, you just don't remember it.

How do we regulate our emotions while betting and how important is it?
If you're playing for fun then set a limit. Honestly letting loose is what having fun is for the most part, so trying to regulate whatever you're trying to enjoy kind of sucks the joy out of it, so the best way here is to limit what it can affect you. In this case, well, money.

If you were doing it to earn money though, then I'd suggest giving up but if you want to then yeah, regulate your emotions. After all, playing to earn it technically has no limit since it's an infinite cycle of you losing money, trying to recoup, winning it back, betting to get more, and then losing it all again.
full member
Activity: 434
Merit: 202
Duelbits.com
March 06, 2024, 04:25:24 PM
#29
Overconfidence: Emotions can also lead to overconfidence, where we believe that our abilities and knowledge are superior to what they actually are. When we are in a positive emotional state, such as feeling confident or happy, we tend to overestimate our chances of success and underestimate the risks involved. This can lead to excessive betting and poor decision making. For example, if you are on a winning streak and feeling overconfident, you may ignore important information or ignore warning signs that indicate a potential loss.
Been too confident about any game can sometimes be very disappointing because there are chances of unforseen circumstances and that could mean that you will loose your game especially when what you did picked was very much far from what had happened. When gambling use your risk management to help you, don't even think that because a pattern has repeated well enough doesn't make it authentic enough to just trust it, it could be that the day of You are been so dependent on such a pick trhst you get disappointed the most.

Don't bee too sure as gambling  is  a game of hing risk especially, with  casinos games which was  a reason to test run their confidence in the inerjd
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
March 06, 2024, 04:18:23 PM
#28
Emotions surely can influence a gambler to going bust even sooner than what could have been.
If one's goal with gambling is to enjoy himself then they shouldn't stress so much about getting back lost money by increasing bets or depositing more. This is actually one of the most common catastrophic practices in gambling. Depositing more money to get back your losses can result in even bigger losses. And this is often a decision fueled by emotion.

On the other hand, there's more basic underlying issues behind anyone's gambling habits. For one, if someone can't have a sustainable source of income to save enough money, they should probably not actually gamble anything in the first place. Right now so many people in the world live paycheck to paycheck, not being able to save anything or perhaps even going in debt through the month after their paycheck money ends. In these cases gambling shouldn't be an option. Yet they see so many of the word's poor gambling. Really it's a big issue. People that gamble should be at a point in their life where they're comfortable losing a couple of bucks.
sr. member
Activity: 546
Merit: 342
March 06, 2024, 03:38:26 PM
#27
How do we regulate our emotions while betting and how important is it?
I don't know how important it is, and i don't think about it too much when i am gambling, i hear people talking about controlling their emotions when gambling, but i don't think i put too much concentration when gambling that i have to now control my emotion or feeling when gambling. I just put my money on what i think would work and i don't think about it too much, i don't put in more than what i can afford to lose, so my emotions are not involved at all.
That's one way to go about it and I feel its a very good way too because some persons tend to go overboard with their stakes and that's when the need to control emotions come in place because if one is focus on making money through gambler they might just end up being playing to actually recover their money back and when that happens emotions do fly everywhere and if you are careful you will lose out everything just because of the lack of control.
sr. member
Activity: 952
Merit: 391
Underestimate- nothing
March 06, 2024, 03:34:52 PM
#26
How do we regulate our emotions while betting and how important is it?

emotion is something very difficult to control so when it gets to a level of something you can not control it is better to quit so that you do not put yourself in any form of unnecessary emotional trauma and you start thinking, if you gamble a lot you will know what am talking about. you will always be fighting emotion, if it is getting out of hand it will be much better to just let everything go. emotion is very important in everything, especially in gambling because you will always be worried and you always expecting. there is a lot of damage that emotion can do.


I don't know how important it is, and i don't think about it too much when i am gambling, i hear people talking about controlling their emotions when gambling, but i don't think i put too much concentration when gambling that i have to now control my emotion or feeling when gambling. I just put my money on what i think would work and i don't think about it too much, i don't put in more than what i can afford to lose, so my emotions are not involved at all.

I know people will think emotions are overrated but bro it is important because everything about gambling is driven by emotion,  you will look depressed especially when you lose, and when you win you will be happy and that is how gambling is, I don't know for other people but emotion is something that will be very difficult to control. the only thing is to lose interest in some games because if you want to play every game then you will find it even more difficult to control it and because of the money the money people will not even care about controlling it.
legendary
Activity: 2436
Merit: 1104
March 06, 2024, 03:15:26 PM
#25
How do we regulate our emotions while betting and how important is it?
regulating emotion can be extremely hard, and the best thing you can do about it(at least as far as I know) is to follow your routine as much as you can, I mean, setting up rules when you are gambling is a great way to regulate yourself, it tries to keep you from making irrational bets and decisions. you also need to have self-control and confidence in yourself, confidence isn't a bad thing, it is an important thing to have to keep yourself focused and not easily swayed by what's happening when betting.
hero member
Activity: 714
Merit: 508
March 06, 2024, 02:50:25 PM
#24
Your experience will help you out to control your emotions. It is important that when you gamble, you still have the control to your emotion because if not, worse things will come to you as you gamble.

You'll never know how much you'll be able to bet and lose when you're not on your right mind and you're out of control of your emotion. With that, too many gamblers fall to their own emotions because it seems unreasonable for them to control it when they can't think correctly.
The goal is to ensure we are open to grab the important goals in the system and milking steadily without any streak losing measures. There's more confidence to be exercised when one personally depend on himself rather than focusing on other alternatives, more like the sources. There's always presence of derivation in the system. Gamblers will be attached to do the wrong things each time they lose focused in the system. Losing affects the mind and there's no better way of handling the situations down other than facing our fears and ensuring we grant the possible solutions.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
March 06, 2024, 02:49:55 PM
#23
Overconfidence: Emotions can also lead to overconfidence, where we believe that our abilities and knowledge are superior to what they actually are. When we are in a positive emotional state, such as feeling confident or happy, we tend to overestimate our chances of success and underestimate the risks involved. This can lead to excessive betting and poor decision making. For example, if you are on a winning streak and feeling overconfident, you may ignore important information or ignore warning signs that indicate a potential loss.
This is one thing to remove by most gamblers. When you're too overconfident and as you gamble, you'll bring that up and will make you want to gamble some more because you're overconfident.

Which means that by having that kind of feat is gonna make you to gamble as much as you can without having the need to stop because, you're having that feeling.

So for you to control it, you need to remove first that overconfidence and that will give you the scare to gamble continuously when you're on a brink of having a losing streak.
hero member
Activity: 994
Merit: 1089
March 06, 2024, 02:48:53 PM
#22
How do we regulate our emotions while betting and how important is it?
I don't know how important it is, and i don't think about it too much when i am gambling, i hear people talking about controlling their emotions when gambling, but i don't think i put too much concentration when gambling that i have to now control my emotion or feeling when gambling. I just put my money on what i think would work and i don't think about it too much, i don't put in more than what i can afford to lose, so my emotions are not involved at all.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
March 06, 2024, 02:44:24 PM
#21
Your experience will help you out to control your emotions. It is important that when you gamble, you still have the control to your emotion because if not, worse things will come to you as you gamble.

You'll never know how much you'll be able to bet and lose when you're not on your right mind and you're out of control of your emotion. With that, too many gamblers fall to their own emotions because it seems unreasonable for them to control it when they can't think correctly.
Experience will not help some people but the result is gambling addiction. But for a wise person that has lost before, he should be able to know when to gamble and when not to gamble, also when to stop gambling he supposed to know that. Not able to control oneself while gambling will only make the person to gamble in a way he will always be losing all his money to gambling. You are not wrong that what will happen to such person will be worse.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
March 06, 2024, 02:39:53 PM
#20
How do we regulate our emotions while betting and how important is it?
It is easy to control your emotion while bettingbif you are disciplined and gambling responsibly. What you just need to do is to have a gambling budget and do not let it be more than 1 to 5% of your weekly or monthly income. Assuming you are earning $500 weekly and you are using just 5% to bet which is just $25, that can not affect you financially. But if it will affect you financially, you can go as low as using $5 which is 1% of your income. If you try this, you will see that gambling is good and fun and you will be able to control your emotions. But do not go more than your gambling budget which should be a small amount/percentage from your income which can not affect you financially.
You are right, but to be honest with you, I think the ways of one controlling his or her emotions in gambling is easier said than done, based on my personal experiences by the way.

Gambling is filled with temptation, someone earning $500 weekly or monthly can set out $5 to $25 dollars for gambling and keep the rest for other important thngs, but trust me, there must come a time and day when that gambler will play and lose the $5 or $25 and still feel a very strong urge to still some gamble some more, for winning is just by the corner, and this mostly happens in casino or slot games, the player may then feel like "OK, i still have $475, let me take out $75, and keep $400, which is a round figure", he or she will then start playing again with the $75, which he or she may eventually loss all after some minor wins here and there.

This is something I have personally experienced a couple of times, though I now know how best to deal with such when ever it comes, butt  for the newbie gamblers, it can be very difficult not to fall for such tricks.
hero member
Activity: 3038
Merit: 634
March 06, 2024, 02:25:24 PM
#19
How do we regulate our emotions while betting and how important is it?
Your experience will help you out to control your emotions. It is important that when you gamble, you still have the control to your emotion because if not, worse things will come to you as you gamble.

You'll never know how much you'll be able to bet and lose when you're not on your right mind and you're out of control of your emotion. With that, too many gamblers fall to their own emotions because it seems unreasonable for them to control it when they can't think correctly.
legendary
Activity: 2814
Merit: 1192
March 06, 2024, 02:14:51 PM
#18
I always say that you're human and you're going to feel, you can't turn it off. If you want to "regulate emotions" take drugs or get drunk because there's no way to train yourself to stop feeling.
People who are professional gamblers feel just the things that you do.

One of the ways to be more calm is to bet very little but there's a problem. You want to bet enough to make money, but not enough to start worrying about how the loss will affect you. Naturally the wealthier you are the more you can bet while feeling safe, so maybe the solution to your problem is to become rich?  Cool
hero member
Activity: 714
Merit: 521
March 06, 2024, 02:13:29 PM
#17

In the world of betting where decisions can increase or decrease your chances of winning, it is important to understand the influence of emotions on the decision-making process. Our mood can greatly influence the choices we make, and this also applies to in-play betting. Whether you're feeling elated, frustrated, or anxious, your emotional state can greatly impact your ability to make rational decisions and ultimately determine the outcome of your bets.

Just as making a decision about life is very paramount, we need to make decisions while gambling as well and this will determine the extent to what we see in the gambling we are into, that is why it is more important that we always avoid making these decisions in haste, instead we need to calm and think twice before taking action on anything because they all have consequences, we should not let our emotions be our direction, we should be able to control and discipline ourself to a certain extent that it will be for our own good even though it may seem inconvenient to us.
legendary
Activity: 2660
Merit: 1261
March 06, 2024, 02:06:05 PM
#16
IMO, it's depends on the situation
- Emotion: Mostly while we are get streak lose, we tried to chasing the lose.
- Overconfidence: It's while we got on hot streak win.
- Fear and Anxiety: Our all-in betting after several streak lose.

I got these things, from my experience gambling journey. Mostly on the number 1 & 3, and meanwhile on number 2 is rare to get because never get any streak win on BJ with over 7-10 win in a row.
sr. member
Activity: 462
Merit: 270
March 06, 2024, 02:02:14 PM
#15
The first aspect of regulating your emotions is to stake responsibly. When you overstake, your emotions can get the better of you while playing games and you make wrong decisions.

I agree with you that staking responsibly is one of the factors that regulate emotions because is very difficult to see a responsible gambler getting all worked up because of emotion of losing bet, so if a gambler gambles responsible there is no way they can get too emotional because they only gamble with the little amount they feel is not much of use to them at the moment and that even losing it will not affect them, so with this there is no way someone can easily get emotional because the amount is nothing to them. One thing I noticed is that the people that easily get emotional are those people that gambles aggressively so when they lose they get so emotional.
sr. member
Activity: 1288
Merit: 231
Hire Bitcointalk Camp. Manager @ r7promotions.com
March 06, 2024, 01:52:50 PM
#14
Some people find it difficult to hold themselves or make a good decision while betting because gambling has impact negatively in people's lives which makes them sense stress and happiness or enjoyment in gambling, in such case they don't stop gambling even when they know they are losing, to stop it or take a good decision on amount to spend when you gamble might be very difficult except the interval of a friend or God and another option is to join a support group, because it can provide a sense of accountability and they can help people to stay motivated and committed to recovery. So by all these someone can have a sense of humor in terms of making decisions while betting or gambling to avoid a lot of loss.
Pages:
Jump to: