The Paradox of Gambling behavior - page 3.

Viscore

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Quote from: Ararbermas on April 24, 2022, 10:38:44 AM

Quote from: fiulpro on April 22, 2022, 11:09:42 AM

Do you do it for winning?

of course winning is the most important, but when it comes gamble we should accept the fact that it's always a game of luck, wherein no one can really tell the results afterwards.

And that's why i choose to gamble sports because even sometimes my favourite teams didn't win, at least i'm satisfied on the game and no regrets on my decisions. Lol

No one gets to gamble for the loss, of course we all hope for the win. But since in gambling the house has always an advantage and they always win, so we can't expect chances of winning all the time. Especially that gambling is based on pure luck, so if it turns out that we don't have the luck that time we gamble, then losing is very possible.

Well, i mostly gamble in sports too, though i did not win all the time, but the fact that we get to see our favorite teams, we also got to enjoy the game. Gambling i believe is made to entertain us, not totally for money matters, but if we wins, i guess its a bonus.

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Quote from: AmoreJaz on May 09, 2022, 08:29:26 AM

Quote from: ipanks on May 09, 2022, 05:48:29 AM

Quote from: madnessteat on May 09, 2022, 02:22:50 AM

snip

But unfortunately, many of us don't want to learn to stop immediately after winning but decide to keep playing. They will see what happens after they lose and have no more money in their balance. That's when they will regret it but unfortunately, they won't be able to get their money back. Even if they could, they would have to use other money to get back into the game but that doesn't guarantee they will win their money back or even recover their money back.

i guess we are guilty also of such attitude at one point in our gambling life. so more then likely, most of us know that kind of feeling. it is indeed up to the gambler to what extent he will follow his desires.

All of us do, we are just humans and always tempted to go further, thinking this could be a different outcome, I have different outcomes where I won a lot but this is rare, you cannot put your trust in fate and hope will favor you.

You have to put your fate on yourself stop when it's the right time to stop and only play with money that you can lose, we have on a thread about our fellow member who lose hard earn money allocated to pay his debts, and this is a hard pill to swallow.

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Quote from: ipanks on May 09, 2022, 05:48:29 AM

Quote from: madnessteat on May 09, 2022, 02:22:50 AM

snip

But unfortunately, many of us don't want to learn to stop immediately after winning but decide to keep playing. They will see what happens after they lose and have no more money in their balance. That's when they will regret it but unfortunately, they won't be able to get their money back. Even if they could, they would have to use other money to get back into the game but that doesn't guarantee they will win their money back or even recover their money back.

i guess we are guilty also of such attitude at one point in our gambling life. so more then likely, most of us know that kind of feeling. it is indeed up to the gambler to what extent he will follow his desires. but to avoid losing what you have, you better make up your mind before it is too late. using someone else's money for gambling is a no no for me. but for those who do that, they will learn their lessons quick.

ipanks

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Quote from: madnessteat on May 09, 2022, 02:22:50 AM

snip

But unfortunately, many of us don't want to learn to stop immediately after winning but decide to keep playing. They will see what happens after they lose and have no more money in their balance. That's when they will regret it but unfortunately, they won't be able to get their money back. Even if they could, they would have to use other money to get back into the game but that doesn't guarantee they will win their money back or even recover their money back.

madnessteat

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Quote from: ipanks on May 06, 2022, 12:30:28 AM

Quote from: Fatunad on May 05, 2022, 05:56:04 PM

snip

It takes practice for some time to be able to stop immediately after benefiting from the games we play. But most people will try to double the amount of profit they have already made by playing longer but that does not guarantee they can win more profits.

Maybe it's okay if we play a round or two after getting a profit but don't increase your bet amount because it can make you lose. Being wise is very necessary when we play gambling to avoid big losses.

It is very important to learn to stop immediately after winning, because if you continue to gamble then in all likelihood you will lose everything. To make it easier to stop, use incentive practices such as spending the money you win on something you enjoy, but not on gambling. This will help you learn to control yourself and improve self-discipline.

ipanks

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Quote from: mm2543363580 on May 08, 2022, 09:04:02 AM

snip

Gamblers can leave gambling whenever they want and I guess they are not gamblers when they don't gamble but ordinary people.

Gambling is a fun activity but it depends on how you use gambling. Gambling is not a hobby and activity that you do in your spare time. I think gambling can also give you memories in the future, whether you lose or win, what is clear, those memories will always be with you.

Quote from: Boristhecat on May 08, 2022, 10:05:01 AM

snip

It doesn't matter if they want to achieve what they want but to get there, they need to have excellent self-control because it will cost a huge amount of money. But if they cross their own limits and even continue playing after they get a win, they are not necessarily going to get the next win because gambling depends on your luck.

Quote from: Silberman on May 08, 2022, 04:39:44 PM

snip

Yes, you are right. But we must learn to have self-discipline if we want to play gambling because gambling will have a big temptation that can make us forget to stop. We should enjoy the moment of gambling and be able to have fun playing a lot of gambling games, but we also have to remember when it's time for us to stop. Setting limits on gambling is very important because it will help us to avoid big losses.

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Quote from: ipanks on May 06, 2022, 12:30:28 AM

Quote from: Fatunad on May 05, 2022, 05:56:04 PM

snip

It takes practice for some time to be able to stop immediately after benefiting from the games we play. But most people will try to double the amount of profit they have already made by playing longer but that does not guarantee they can win more profits.

Maybe it's okay if we play a round or two after getting a profit but don't increase your bet amount because it can make you lose. Being wise is very necessary when we play gambling to avoid big losses.

Self-discipline is something difficult to master, we must recognize that even if our aim is to have fun while we gamble it is obvious that we are going to like it when we win, and it is very difficult to quit when you are ahead because people cannot stop thinking that since they got lucky once they my get lucky again and they keep gambling, it is because of this that I set limits in terms of the amount I am willing to lose in each session while I also set up a limit in the amount of time I will gamble, and as soon as one of those limits is reached I stop gambling immediately.

Boristhecat

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Quote from: ipanks on May 06, 2022, 12:30:28 AM

Quote from: Fatunad on May 05, 2022, 05:56:04 PM

snip

It takes practice for some time to be able to stop immediately after benefiting from the games we play. But most people will try to double the amount of profit they have already made by playing longer but that does not guarantee they can win more profits.

Maybe it's okay if we play a round or two after getting a profit but don't increase your bet amount because it can make you lose. Being wise is very necessary when we play gambling to avoid big losses.

There is a problem here in that people (at least addicts) play not in order to achieve some goal of "winning 100 thousand dollars" but for the sake of the process itself. It turns out that even after winning a large amount, they continue to play because this is their main goal and not money. Such people need therapy to shift the focus of their desires to something else. They literally need to learn to enjoy other activities.

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Quote from: ipanks on May 06, 2022, 12:30:28 AM

Quote from: Fatunad on May 05, 2022, 05:56:04 PM

snip

It takes practice for some time to be able to stop immediately after benefiting from the games we play. But most people will try to double the amount of profit they have already made by playing longer but that does not guarantee they can win more profits.

Maybe it's okay if we play a round or two after getting a profit but don't increase your bet amount because it can make you lose. Being wise is very necessary when we play gambling to avoid big losses.

Does gambler at any stage times to leave gambling for good? or gambler remains gamblors for good?
Or is gambling a happy activity? I mean some of the hobbies and habits are very challenging. But my question is does it bring back good memories and is it something one can cherish in future?

ipanks

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Quote from: Fatunad on May 05, 2022, 05:56:04 PM

snip

It takes practice for some time to be able to stop immediately after benefiting from the games we play. But most people will try to double the amount of profit they have already made by playing longer but that does not guarantee they can win more profits.

Maybe it's okay if we play a round or two after getting a profit but don't increase your bet amount because it can make you lose. Being wise is very necessary when we play gambling to avoid big losses.

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Quote from: dothebeats on May 05, 2022, 08:13:37 AM

Quote from: madnessteat on May 05, 2022, 03:16:48 AM

Quote from: JohnBitCo on May 04, 2022, 03:40:00 PM

You have a slightly better chance of winning in sports betting because you have some data to look into before making your bet but this will also not guarantee your win.

I will suggest all the gamblers to learn money management skills. You may lose some games and you will win some games but it is the money management which will help you to remain in overall profit.

Playing in casinos on a regular basis you will never be in profit with the rare exception of when you are lucky enough to win the jackpot. It is foolish to hope that this will happen to you because the probability is negligible. I know many people who manage their money very well and gamble a certain amount of money without ever exceeding it, but they are still in the red. This is how gambling works and you can't beat this system because you are already in a losing position.

Even if you win a jackpot, you can never breakeven or post some wins against a casino especially if you play there regularly. Your losses will eat up against your wins eventually and you will just give your money to the casino in a slow but steady process. I have already accepted that fact since I regularly play in the casino, though only with small amounts and I'm not even trying to chase my losses but rather I'm just there to have fun. Not everyone can do the same as I can, and has the self-control as I can, so I still consider myself as lucky when it comes to being eaten by gambling addiction.

If you are wise or smart on securing everything specially on the profits you had made then you would completely stop on playing since you had earned or hit enough winnings but on the time you do
still consider on playing once again or just like into those regular days then you would really be having that kind of situation where those winnings would be given back into the casino
which is really that pretty common scenario for most gamblers where it is really that useless or pointless on having that kind of mindset on where you couldnt able to stop.

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Quote from: Slow death on May 01, 2022, 07:12:46 PM

It would be a very commendable attitude if the government really showed that it is concerned about its people, they could also ban cigarettes and beer and wines, in short, ban all alcoholic beverages, but unfortunately the government only bans gambling with the argument that it is protecting people but cannot banish alcoholic beverages that every day has created hundreds of new addicts, hundreds of car accidents due to driving under the influence of alcohol. so I ask myself:

Why do they ban gambling, but leave the cigarette and alcoholic drink?

Isn't the government's job to protect the people? I come to the following conclusion: casinos are not owned by corrupt politicians, at least most casinos are not theirs, but companies and beers, wines, gins, whiskeys are owned by many corrupt politicians for this reason they do not ban companies of alcoholic beverages

This is something that I have wondered for a lot of time as well but my conclusion is a little bit different, in many cultures drinking alcohol is extremely common to the point that even if we know it has all of those negative effects banning it is impossible, after all there were attempts in the past to do so and even a country like the US could not suppress the huge amount of crime that the prohibition generated and that eventually lead the country to bankruptcy, which forced them to repeal the 18th amendment and make alcohol legal again, and by the way this is the only amendment ever repealed which should show us how strong is the desire for people to drink alcohol.

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Quote from: madnessteat on May 05, 2022, 03:16:48 AM

Quote from: JohnBitCo on May 04, 2022, 03:40:00 PM

You have a slightly better chance of winning in sports betting because you have some data to look into before making your bet but this will also not guarantee your win.

I will suggest all the gamblers to learn money management skills. You may lose some games and you will win some games but it is the money management which will help you to remain in overall profit.

Playing in casinos on a regular basis you will never be in profit with the rare exception of when you are lucky enough to win the jackpot. It is foolish to hope that this will happen to you because the probability is negligible. I know many people who manage their money very well and gamble a certain amount of money without ever exceeding it, but they are still in the red. This is how gambling works and you can't beat this system because you are already in a losing position.

Even if you win a jackpot, you can never breakeven or post some wins against a casino especially if you play there regularly. Your losses will eat up against your wins eventually and you will just give your money to the casino in a slow but steady process. I have already accepted that fact since I regularly play in the casino, though only with small amounts and I'm not even trying to chase my losses but rather I'm just there to have fun. Not everyone can do the same as I can, and has the self-control as I can, so I still consider myself as lucky when it comes to being eaten by gambling addiction.

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The paradox of gaming behavior lies in the fact that when a player starts playing, he naturally hopes for winnings. As he loses more and more, but he likes to play. And the player likes to play more and more. And then the moment comes when the player begins to understand that everything he lost is just a payment for the pleasure he got from playing and having fun in the casino.
And I think this is a question of scientific research, which will probably be done, or has it already been done? in psychology.
More precisely - when the player has such a change in the psychological approach to his passion for the game.
This, I think, is the onset of the "paradox of gambling behavior "

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Quote from: JohnBitCo on May 04, 2022, 03:40:00 PM

You have a slightly better chance of winning in sports betting because you have some data to look into before making your bet but this will also not guarantee your win.

I will suggest all the gamblers to learn money management skills. You may lose some games and you will win some games but it is the money management which will help you to remain in overall profit.

Playing in casinos on a regular basis you will never be in profit with the rare exception of when you are lucky enough to win the jackpot. It is foolish to hope that this will happen to you because the probability is negligible. I know many people who manage their money very well and gamble a certain amount of money without ever exceeding it, but they are still in the red. This is how gambling works and you can't beat this system because you are already in a losing position.

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Quote from: CryptoHeadlineNews on May 04, 2022, 04:16:31 AM

Quote from: fiulpro on April 22, 2022, 11:09:42 AM

One might already understand that winning at Gambling is hard but at the end of the day we still see a lot of people increasingly interested in Gambling, this might provide an insight into the casino business and at the same time help explore the ideas 💡 in the mind of a Gambler.

Actually, thou a gambler knows he is losing money, they have this mindset that someday they will surely win and that's why they keep on gambling, and this usually works for some people. But however, its good to gamble with sense, to know when to quit and work away with the little profit then continue and lose all the money.

It's like this, "one more try and I'll get what I want and win it".

That's the usual words that we're going to tell to into our minds when we're almost near to the climax and about to win but sadly, it didn't go accordingly to what we like.

Nobody can stop you to gamble unless you're broke already but when you gamble, always be mindful and be disciplined so that you'll remain on the right state of thinking.

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Quote from: Tumanggor on May 02, 2022, 02:01:19 PM

Quote from: alegotardo on April 30, 2022, 03:50:59 PM

Quote from: Mauser on April 30, 2022, 02:10:47 PM

~

Your story is very interesting, and it really is the purest truth.

Sports games are hard to miss, but the profits there are few.
Card games are fun and I believe that those who know how to play poker can make a lot of money there too.

On the other hand, roulette, dice and other games I consider in the same category as the lottery, as they depend exclusively on luck, not on the player's skills... it's money to spend without feeling sorry for losing.

the reason why I focus more on developing skills and knowledge in sports betting even though the profit I get is small is that I want my finances to be more organized

I can't play cards (I've tried to learn but it doesn't suit me) but I'm also tired of playing dice and slots (I lose a lot of money every time I do that)

For me, currently focusing on sports betting is the best choice

You have a slightly better chance of winning in sports betting because you have some data to look into before making your bet but this will also not guarantee your win.

I will suggest all the gamblers to learn money management skills. You may lose some games and you will win some games but it is the money management which will help you to remain in overall profit.

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Quote from: LUCKMCFLY on May 04, 2022, 12:59:10 AM

In my personal opinion I have always had that doubt, what is better, to continue betting despite the fact that the tendency is to lose? When I was starting out in the world of casinos, I have always used excel to calculate my wins and losses, and I can't say that in most of them I have had more losses than wins, but the only way to balance is that I made one more column than I put fun in it (where it dominates the slots) and in this section I do not put my losses as losses, I leave it all in fun whether I win or lose, because it is the only way I learned to handle risk management very well, and I do not I spend what I am willing to lose in money, and it is something very healthy because obviously "daily money" can be defined.

The tendency to lose in gambling is high but we should ignore it because how will we know if we will win or lose if we don't try? But one thing is for sure and that is if you are discouraged early and won't gamble, you will not win anything. I like what you are doing there, tracking your gambling activities.

I think there was once a thread here similar to that. This can be an effective way to have a control in gambling if you feel that you are spending more in it. Putting another table only for fun, will somehow ease you because you know that the money that you spend is not totally worthless. Slots is a good choice if we want to play gambling for fun.

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Quote from: coinism on May 04, 2022, 04:24:04 AM

Quote from: CryptoHeadlineNews on May 04, 2022, 04:16:31 AM

Actually, thou a gambler knows he is losing money, they have this mindset that someday they will surely win and that's why they keep on gambling, and this usually works for some people. But however, its good to gamble with sense, to know when to quit and work away with the little profit then continue and lose all the money.

In Gambling they say "winner is the one who knows when to stop". If you keep on Gambling despite the fact that you are losing money then you are deemed to lose. As a gambler you also need to be careful of tactics deployed by casino's to earn more profit from you:
Casinos don't have clocks or windows because they want to keep players focused on playing games. Casinos make more money the longer you play and clocks distract players by giving them a reference for how long they have been playing. Casinos don't have windows for the same reason. Windows show the passage of time. source

As long as a gambler knows when to quit, he will survive a complete loss and still be able to hold on. Therefore, as a gambler, there are limits and being careful about gambling will be better than other gamblers. We must be able to take care of ourselves while playing gambling and not try to chase wins that will be difficult to achieve. So we better stop if we have lost money and don't continue even though the casino says we still have a chance to win in the next round.

coinism

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Quote from: CryptoHeadlineNews on May 04, 2022, 04:16:31 AM

Actually, thou a gambler knows he is losing money, they have this mindset that someday they will surely win and that's why they keep on gambling, and this usually works for some people. But however, its good to gamble with sense, to know when to quit and work away with the little profit then continue and lose all the money.

In Gambling they say "winner is the one who knows when to stop". If you keep on Gambling despite the fact that you are losing money then you are deemed to lose. As a gambler you also need to be careful of tactics deployed by casino's to earn more profit from you:
Casinos don't have clocks or windows because they want to keep players focused on playing games. Casinos make more money the longer you play and clocks distract players by giving them a reference for how long they have been playing. Casinos don't have windows for the same reason. Windows show the passage of time. source

Topic: The Paradox of Gambling behavior - page 3. (Read 1398 times)