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Topic: The psychology of betting..... - page 4. (Read 1026 times)

sr. member
Activity: 2226
Merit: 347
May 12, 2023, 07:44:22 PM
Gambling can be quite risky for people who don't understand the risks involved.

There are many types of gambling games in the world, but not all of them are fun to play and give us a good chance of winning. Therefore, it's important to stay realistic and focus on our goals. If our goal is just to enjoy, then we should be disciplined enough to only spend what we can afford to lose, and with that mindset, there's a slim chance that we will become addicted to gambling.

If our goal is to make money or consider gambling as a source of income, then we should gamble on games that don't have a house edge because that's the only way we can have long-term success in gambling.
But even so, new people or beginners still want to try it and see that gambling can be fun. They see how other people play and think that makes gambling games fun.

With so many gambling games, we want to get a different experience, so that's also what makes us deposit more money. We want to feel the atmosphere when we win, so we keep gambling, even forgetting the time.

It's better to forget about our goal to make money from gambling. Many people have suffered great defeats to reach their goals and still can't achieve them.
Our major reason of going into gambling is to make money and we don't need to make it looks like we are very desperate to make money as a gambler which is one of the thing that can make us lose more money in gambling if we are not careful enough. It is good for us to always take some research or better still, ask questions from people around us than to take a decision that would affect us later as a result of our impatience to dig more before we make any bet. The psychology of gambling would help us to know how we can program ourselves to be a better gambler.
Desperation would really be ending up on a disaster on which it would really be a common thing to happen not only just limited on gambling but also in other perspective in life when making out decisions and on the time
that you do reach up on a state where desperation kicks in because you do want to make or get some profits then this is where certain extent actions would really be done. This isnt something new or a very common
human behavior to be done and how much more if we do speak about gambling? Only a few would really be that mindful about their actions or really that seeking for the sake of entertainment and not for money.
Usually people who would really be dealing off with gambling are the ones who do really come after on making income or profits with it, without even trying to look on the reality that its way too risky on handling out on things. When gambling then you should really be that somewhat realistic on what you should gonna do, dont aim for money or profits because this is the main reason on why people do become that impulsive
and making out lots of errors and mistakes.
hero member
Activity: 1008
Merit: 525
fillippone - Winner contest Pizza 2022
May 12, 2023, 06:44:31 PM
Gambling can be quite risky for people who don't understand the risks involved.

There are many types of gambling games in the world, but not all of them are fun to play and give us a good chance of winning. Therefore, it's important to stay realistic and focus on our goals. If our goal is just to enjoy, then we should be disciplined enough to only spend what we can afford to lose, and with that mindset, there's a slim chance that we will become addicted to gambling.

If our goal is to make money or consider gambling as a source of income, then we should gamble on games that don't have a house edge because that's the only way we can have long-term success in gambling.
But even so, new people or beginners still want to try it and see that gambling can be fun. They see how other people play and think that makes gambling games fun.

With so many gambling games, we want to get a different experience, so that's also what makes us deposit more money. We want to feel the atmosphere when we win, so we keep gambling, even forgetting the time.

It's better to forget about our goal to make money from gambling. Many people have suffered great defeats to reach their goals and still can't achieve them.
Our major reason of going into gambling is to make money and we don't need to make it looks like we are very desperate to make money as a gambler which is one of the thing that can make us lose more money in gambling if we are not careful enough. It is good for us to always take some research or better still, ask questions from people around us than to take a decision that would affect us later as a result of our impatience to dig more before we make any bet. The psychology of gambling would help us to know how we can program ourselves to be a better gambler.
legendary
Activity: 3038
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
May 12, 2023, 04:36:39 PM
Hi, I'm new on this forum, and I gotta say, this topic on the psychology of betting is pretty interesting. I totally agree that as humans, we're always looking for patterns, even when they don't exist. Actually, I used to think that pressing the bet button at a certain time would give me a better outcome. But now I know that the outcome is decided in milliseconds after I press the button. It's all about the RNG and RTP. Btw, have any of you tried Star Wins Casino? I've heard some good things about it. Check out this link if you wanna learn more: https://www.nodepositdaily.com/review/star-wins-casino/. I'd like to give it a shot and see how gambling affects me because I've never done it for the real money, actually.

that casino link you posted is a casino scam, hope you are not the owner of the casino and in case you are not the owner of this casino then I suggest you stay away from this casino, you can see for yourself the bad reputation and accusation of scam against them, see here:

https://uk.trustpilot.com/review/starwins.co.uk

as you can see they have a lot of scam accusations on trustpilot, which means they are a scam casino, now I don't understand why you leave good and reliable casinos and keep using a strange and new casino and scam, I can't understand, I see some people chasing sign-up bonuses, but nowadays in all casinos these sign-up bonuses have high requirements to be met so they are not even worth chasing the sign-up bonus, you could also look at the issue of link referrals, which because they are new casinos people rush to get more referrals, but what's the use of having a lot of referrals in a casino scam?

it makes no sense, that's why it's much better to be using already established casinos, that casino you posted a link to is a scam casino, so don't waste your time on it and don't waste your money on it, and see that the scam accusations against they've been around for some time, so I can't even imagine how the situation must have gotten worse at the moment, I don't even know how they're still working, maybe they're paying for advertising on some site and when they manage to steal a customer they recover the money spent on advertising, I imagine that's the only way that they are surviving
hero member
Activity: 1540
Merit: 521
Leading Crypto Sports Betting & Casino Platform
May 12, 2023, 11:33:57 AM
But even so, new people or beginners still want to try it and see that gambling can be fun. They see how other people play and think that makes gambling games fun.
Beginner gamblers have the idea that gambling can easily generate profits and is very fun to play because they haven't tasted the bitterness of losing and losing a certain amount of money in gambling so that any risks cannot really be understood.

Quote
With so many gambling games, we want to get a different experience, so that's also what makes us deposit more money. We want to feel the atmosphere when we win, so we keep gambling, even forgetting the time.
True, and that's what we want, but unlike them, most novice gamblers prefer to gamble, not to gain experience, but to be able to multiply money easily and quickly.
Even though experience in gambling is needed so that gamblers can learn to avoid mistakes or defeats.

Quote
It's better to forget about our goal to make money from gambling. Many people have suffered great defeats to reach their goals and still can't achieve them.
Yes, most gamblers lose everything they deposit just because they chase victory or aim to get a win. It's better to use the money as best you can in gambling and don't forget to think of gambling as a place of entertainment.
legendary
Activity: 2464
Merit: 1856
Leading Crypto Sports Betting & Casino Platform
May 12, 2023, 11:05:03 AM
Depending on gambling in the first place is never a good thing. Betting some would be fine as long as you can bear losing. No matter what game you engage yourself with, whether cardgame, dice game, sportsbetting and such; winning won't be certain. So choose what would give you enjoyment atleast, 'coz that would make your bets more worthy. What makes gambling bad in the first place is gambler's assumption of getting rich in an instant. This is more likely because of stories wherein players have earned huge reward from playing, without considering how much that player have lost during the 'run'. Everything would be based from luck or one's fate.
No one is immune from gambling as long as they have a hobby in sports, but to what extent can people be responsible for the gambling decisions they choose? This is what you have to avoid, namely the mindset of getting rich quick without working smart at all like the fairy tales that we often hear behind the success of people at gambling. More precisely people can't avoid gambling if they don't want to, there is one piece of advice that I often hear "Habit will lead you to addiction".

Therefore avoid irresponsible gambling, gamble only when you can afford to lose money and avoid interpreting gambling very close to wealth. In fact, getting rich does not happen because relying solely on luck and engaging in gambling using small amounts of money will not make people richer either.

We can play as much as we want, as long as our own limits are respected, that is, we have a capital set up to lose, because it is what we have destined to play, that capital cannot be regretted if it is lost in the game , because it is known that it was destined for that, if we are clear about those things or those premises we can play with complete confidence and as we wish, but if the money is lost in its entirety, it must be respected in not Playing anymore,because if it is appealed to that Money is going to be taken that is destined for our daily expenses, be it for food, the market, for the family, it is what should never be done, basically it is to play responsibly.
hero member
Activity: 2100
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Leading Crypto Sports Betting and Casino Platform
May 05, 2023, 03:58:16 PM
Gambling casinos do not let us gamble to win, but for them to take advantage on our funds and make them profitable. So I don’t believe that they will provide patterns for us, instead everything is already controlled by  the gambling operators before we start gambling in their platforms. That’s how unfair gambling is. But we fail to see it at times we won, instead that creates more motivation for us that we can actually take advantage in gambling by creating some patterns. However, in the end, it’s always certain that casinos have still won back all our profits, because of the constant edge that they have over their players.
I think you are using the wrong words here, it is not like they don't let you win, or there are gambling operators who are controlling everything. Casinos are a business, and like any other business, they need money to run the business, hence the business model is built in such a way that it favors the platform more than the gamblers.

You can call it unfair or whatever, but there is nothing that is hidden from you or anyone who gambles, the house never says that they don't have an edge over you, they even let you know the house edge percentage for each game.
Exactly, Casinos are built to be unfair and be profit-centric. Otherwise they'd never be able to run as efficiently and sustainably as they could. The notion that they Casino doesn't let you win is just stupid and at the same time a little ignorant too. Of course they won't you silly. Odds are there to make sure that they are being transparent, but it is in no way indicative that the casino is just going to allow you to win games if you want to. That's not how it works. If you want to win while gambling, be very good at predicting and play on Sportsbooks instead. There's no inside job, and your wins are dependent on the performance of your chosen team/athlete. That way you don't go out here thinking that the casino is exceptionally egging on you. It's egging on everyone who plays on it, it's just a matter of if you are offended by it or not. Which gamblers who play for entertainment aren't.
hero member
Activity: 1330
Merit: 585
Leading Crypto Sports Betting & Casino Platform
May 05, 2023, 02:24:36 AM
Hi, I'm new on this forum, and I gotta say, this topic on the psychology of betting is pretty interesting. I totally agree that as humans, we're always looking for patterns, even when they don't exist. Actually, I used to think that pressing the bet button at a certain time would give me a better outcome. But now I know that the outcome is decided in milliseconds after I press the button. It's all about the RNG and RTP.

Well first of all, welcome to the forum and welcome to my thread. Yes, the result that you are seeing is just a graphical representation of the outcome that has been determined a few milliseconds after you pressed the "bet" button.  Grin

You actually have to go to "Brick n mortar" casinos and then take time to observe people's reactions to appreciate this. You find that some people are rubbing the screen.... others press the side of the bet button and some have a whole ritual that they follow to make bets.

It is all in the mind..... and it has nothing to do with the mechanism of the way that the outcome are calculated.  Grin
I call it just the mindset of gamblers who do things like the ridiculousness of pressing the bet button before the reels stop or doing superstitious things and we can conclude that this is the psychology of the mind of people who gamble.
but in reality they still use this kind of habit just because they believe they will get big results when doing ridiculous things like that and I am one of those people who do such a habit.
but for some reason when doing those things it always gets good results even though it's just luck anyway.

and however the psychological habit cannot be stopped because it is like addiction to doing the action of rubbing the screen or even blowing the screen when entering the bonus round in the slot game. but indeed all of that only depends on the RTP and our luck.
sr. member
Activity: 2156
Merit: 344
May 05, 2023, 12:11:22 AM
Gambling casinos do not let us gamble to win, but for them to take advantage on our funds and make them profitable. So I don’t believe that they will provide patterns for us, instead everything is already controlled by  the gambling operators before we start gambling in their platforms. That’s how unfair gambling is. But we fail to see it at times we won, instead that creates more motivation for us that we can actually take advantage in gambling by creating some patterns. However, in the end, it’s always certain that casinos have still won back all our profits, because of the constant edge that they have over their players.
I think you are using the wrong words here, it is not like they don't let you win, or there are gambling operators who are controlling everything. Casinos are a business, and like any other business, they need money to run the business, hence the business model is built in such a way that it favors the platform more than the gamblers.

You can call it unfair or whatever, but there is nothing that is hidden from you or anyone who gambles, the house never says that they don't have an edge over you, they even let you know the house edge percentage for each game.
legendary
Activity: 3472
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
May 04, 2023, 01:59:01 AM
Hi, I'm new on this forum, and I gotta say, this topic on the psychology of betting is pretty interesting. I totally agree that as humans, we're always looking for patterns, even when they don't exist. Actually, I used to think that pressing the bet button at a certain time would give me a better outcome. But now I know that the outcome is decided in milliseconds after I press the button. It's all about the RNG and RTP.

Well first of all, welcome to the forum and welcome to my thread. Yes, the result that you are seeing is just a graphical representation of the outcome that has been determined a few milliseconds after you pressed the "bet" button.  Grin

You actually have to go to "Brick n mortar" casinos and then take time to observe people's reactions to appreciate this. You find that some people are rubbing the screen.... others press the side of the bet button and some have a whole ritual that they follow to make bets.

It is all in the mind..... and it has nothing to do with the mechanism of the way that the outcome are calculated.  Grin
legendary
Activity: 3122
Merit: 1140
May 03, 2023, 07:20:21 PM
Have you pressed the "bet" button, before the reels have stopped.. thinking that it will give you a favorable outcome on your bet? Well, I have news for you... the outcome has been decided in milliseconds after you pressed the button for the bet, the GUI interface happens long after that to display the outcome of the bet to you.  Grin (Go into the developer mode of your browser to see this)

What patterns do you see and how much do you believe in it?

I strongly believe that these so-called patterns are made by the gamblers themselves in order to pacify the situation that they are facing. They are looking for ways to at least mitigate the damage as they are bargaining against themselves about it. When they see at least a glimmer of hope, they attempt to view it as a "pattern" and convince themselves that everything would be alright in the end.

Though this may be the case, I definitely agree with you that the outcome has already been pre-determined by the casino. Due to the presence of house edges, this gives the casino at least a tiny bit of advantage whenever you try to gamble on their respective platforms.

Back when I used to gamble, I used to believe that my every 3rd bet would win. So made bets that were divisible by the number of 3 and continued it. It at least gave me comfort but at the end I incurred significant losses.
Gambling casinos do not let us gamble to win, but for them to take advantage on our funds and make them profitable. So I don’t believe that they will provide patterns for us, instead everything is already controlled by  the gambling operators before we start gambling in their platforms. That’s how unfair gambling is. But we fail to see it at times we won, instead that creates more motivation for us that we can actually take advantage in gambling by creating some patterns. However, in the end, it’s always certain that casinos have still won back all our profits, because of the constant edge that they have over their players.
Patterns
Strategies
Holy grail method
Techniques

All the same but sharing up on the same motive which is to milk out the house which we know that it cant really be that possible.They do build up business to make revenue and sip it out from its players
which it is really just that common for any business. They might be giving out those nasty and good looking promotions and bonuses but actually they are just really making it look nice but in overall
we are really that on disadvantage.

This is why it would really be needing that realistic approach when you do tend to gamble. Never ever make yourself get convinced that there's a way for you to have that advantage.
You cant really be able to succeed on what you would be planning if ever you would be trying to beat up the house.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
May 03, 2023, 06:52:14 PM
Gambling can be quite risky for people who don't understand the risks involved.

There are many types of gambling games in the world, but not all of them are fun to play and give us a good chance of winning. Therefore, it's important to stay realistic and focus on our goals. If our goal is just to enjoy, then we should be disciplined enough to only spend what we can afford to lose, and with that mindset, there's a slim chance that we will become addicted to gambling.

If our goal is to make money or consider gambling as a source of income, then we should gamble on games that don't have a house edge because that's the only way we can have long-term success in gambling.
But even so, new people or beginners still want to try it and see that gambling can be fun. They see how other people play and think that makes gambling games fun.

With so many gambling games, we want to get a different experience, so that's also what makes us deposit more money. We want to feel the atmosphere when we win, so we keep gambling, even forgetting the time.

It's better to forget about our goal to make money from gambling. Many people have suffered great defeats to reach their goals and still can't achieve them.
legendary
Activity: 2548
Merit: 1009
Leading Crypto Sports Betting & Casino Platform
May 03, 2023, 06:01:13 PM
People always talk about strategy in gamble but I disagree because bet does not have strategy because the more you think you know the more you fail, even when you consistently play a particular odd that favours you one day you will get the greatest shock in the game because it will fail.

It's natural, because everyone has their own point of view. no exception, as you said that in gambling there is no such thing as a strategy. to be honest, I'd agree if what you're referring to falls into the category of purely luck-based gambling, as the OP posted in this thread. Obviously, I totally agree with him. but that doesn't mean when we play, we only rely on luck. at least, there is an effort that we do. although in some studies, that assumption is just a myth.

But I'm pretty sure, gamblers always try various techniques, methods or all sorts of things to get what we are looking for from the gambling session that we do. even if someone realizes, that what he is doing is just a myth. well, this really lives up to the title of this thread. Our psychology will always be carried away when we do a gambling session. by the way, not entirely what you say is true. because, in some other types of gambling requires expertise, knowledge, insight, and intellectual. some people call it strategy, some others method, some call it technique and one example, poker and football.
hero member
Activity: 3052
Merit: 606
May 03, 2023, 05:49:10 PM
Have you pressed the "bet" button, before the reels have stopped.. thinking that it will give you a favorable outcome on your bet? Well, I have news for you... the outcome has been decided in milliseconds after you pressed the button for the bet, the GUI interface happens long after that to display the outcome of the bet to you.  Grin (Go into the developer mode of your browser to see this)

What patterns do you see and how much do you believe in it?

I strongly believe that these so-called patterns are made by the gamblers themselves in order to pacify the situation that they are facing. They are looking for ways to at least mitigate the damage as they are bargaining against themselves about it. When they see at least a glimmer of hope, they attempt to view it as a "pattern" and convince themselves that everything would be alright in the end.

Though this may be the case, I definitely agree with you that the outcome has already been pre-determined by the casino. Due to the presence of house edges, this gives the casino at least a tiny bit of advantage whenever you try to gamble on their respective platforms.

Back when I used to gamble, I used to believe that my every 3rd bet would win. So made bets that were divisible by the number of 3 and continued it. It at least gave me comfort but at the end I incurred significant losses.
Gambling casinos do not let us gamble to win, but for them to take advantage on our funds and make them profitable. So I don’t believe that they will provide patterns for us, instead everything is already controlled by  the gambling operators before we start gambling in their platforms. That’s how unfair gambling is. But we fail to see it at times we won, instead that creates more motivation for us that we can actually take advantage in gambling by creating some patterns. However, in the end, it’s always certain that casinos have still won back all our profits, because of the constant edge that they have over their players.
legendary
Activity: 2688
Merit: 1192
May 03, 2023, 03:53:37 PM
As humans, we are conditioned to look for patterns in life and we gamblers try to make predictions based on what we see, while we are gambling. The reality is that these patterns does not exist, but we like to pretend that they do because it helps us to bring order to the chaos that are gambling.  Roll Eyes

Some people seem to think that your bet size will increase your chances to win, but that is simply a myth. The reality is that it simply means your payouts will be bigger when you do win.

A lot of my friends believe that it is better to spin the Slots manually, because "Auto spin" are rigged by the casinos... but that is also a myth. A lot of things come into play when a bet is made and it has nothing to do with the "auto bet" feature. (Client Seed / Server Seed & RNG and RTP ...)

Have you pressed the "bet" button, before the reels have stopped.. thinking that it will give you a favorable outcome on your bet? Well, I have news for you... the outcome has been decided in milliseconds after you pressed the button for the bet, the GUI interface happens long after that to display the outcome of the bet to you.  Grin (Go into the developer mode of your browser to see this)

What patterns do you see and how much do you believe in it?

I'm not sure we're "conditioned" to look for patterns, as much as we're comforted by them as it suggests there is some sort of underlying order in the crazy world that we live in. However people are generally terrible at making sophisticated calculations and heavily misjudge what they perceive is a statistic that might work in their favor when it comes to betting. You suggest that the outcome is decided as soon as you press the button, but as far as the end user knows every single bet could have been planned out the moment they registered and is simply following a predefined sequence, designed to give the illusion and manipulate the players in the optimum way, if you choose to play the games.
hero member
Activity: 2828
Merit: 611
May 03, 2023, 03:43:31 PM
There are no patterns for the gamblers. Betting manually in Dice for a long time I have seen that. It's all a superstitious belief. But there will be patterns for the business itself. When they see you winning more or trying to increase the bet because you are feeling lucky, that's when they will take advantage of your weakness. The Greed!
They will try to take it all back and you won't even notice it yet until you found yourself cornered with low balance in your wallet. That's where gamblers will be more foolish and try to chase their losses. Another mistake that will lead to getting wrecked.
If there are patterns, that will only be in the Bingo and Keno game. You will need to hit the designated pattern to be able to win but this involves luck as you don't control the numbers that are being drawn. In business, that isn't what you call a pattern but it was a business plan however there is still a chance that a business can fail no matter how strict they follow their plan.

I guess it shows that luck really matters in everything, not only in gambling. Balance is shown when we play so it's almost impossible to not notice it going down. Gamblers just don't know how to stop once they are already losing because they think a few rolls will hit their target. Sometimes yes but most of the time not.
hero member
Activity: 2912
Merit: 674
May 03, 2023, 08:59:03 AM

If our goal is to make money or consider gambling as a source of income, then we should gamble on games that don't have a house edge because that's the only way we can have long-term success in gambling.

They say that sports betting still has a house edge because in even bets, you'll only get 90% of your wager if you win. However, some sportsbooks offer high odds options where we can get +200 odds, which can overcome the house edge. If we consistently win on those types of odds, then it's possible to end up profitable in sports betting.

I know only a few people have succeeded in this type of gambling journey, but as long as it's possible to succeed, we should remain optimistic and try to be successful in the type of gambling that we love.
hero member
Activity: 2772
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★Bitvest.io★ Play Plinko or Invest!
May 03, 2023, 08:14:32 AM
Gambling can be quite risky for people who don't understand the risks involved.

There are many types of gambling games in the world, but not all of them are fun to play and give us a good chance of winning. Therefore, it's important to stay realistic and focus on our goals. If our goal is just to enjoy, then we should be disciplined enough to only spend what we can afford to lose, and with that mindset, there's a slim chance that we will become addicted to gambling.

If our goal is to make money or consider gambling as a source of income, then we should gamble on games that don't have a house edge because that's the only way we can have long-term success in gambling.
hero member
Activity: 2520
Merit: 783
May 03, 2023, 05:54:25 AM
I agree with the proposition that we as humans are conditioned to seek patterns in life because the evolutionary process has programmed us in a way that compels us to establish causal relationships between events. However, I don't use very specific methods. I only take a little break from betting when I have suffered large losses. This way, I get some rest and have a calmer mind when I bet again.
What you do is probably the best practice to follow. One shouldn't believe in patterns or superstitious activities when gambling, all you need is a small break and getting back to betting if you have already lost a lot of bets, that way, you will get to change your mood which basically plays a great role in gambling since you will have a control over your emotions.

Though a lot of people believe in these things, changing patterns or following specific ways for gambling, or believing things that are technically not correct is never useful or going to help them win anything more than they are destined to.

If that can make you feel great and comfortable on betting style you do then there's nothing wrong to believe on such thing especially if that could help him create his own strategy on the game. Can't also blame people to believe on something they think it really work since sometimes they learned that from people they are looking up to, that's why they also believe that strategy or belief might work for them. But we should remember that all is random on games which based on luck.
sr. member
Activity: 2156
Merit: 344
May 03, 2023, 04:56:51 AM
I agree with the proposition that we as humans are conditioned to seek patterns in life because the evolutionary process has programmed us in a way that compels us to establish causal relationships between events. However, I don't use very specific methods. I only take a little break from betting when I have suffered large losses. This way, I get some rest and have a calmer mind when I bet again.
What you do is probably the best practice to follow. One shouldn't believe in patterns or superstitious activities when gambling, all you need is a small break and getting back to betting if you have already lost a lot of bets, that way, you will get to change your mood which basically plays a great role in gambling since you will have a control over your emotions.

Though a lot of people believe in these things, changing patterns or following specific ways for gambling, or believing things that are technically not correct is never useful or going to help them win anything more than they are destined to.
hero member
Activity: 2912
Merit: 642
May 02, 2023, 06:43:46 PM
There are no patterns for the gamblers. Betting manually in Dice for a long time I have seen that. It's all a superstitious belief. But there will be patterns for the business itself. When they see you winning more or trying to increase the bet because you are feeling lucky, that's when they will take advantage of your weakness. The Greed!
They will try to take it all back and you won't even notice it yet until you found yourself cornered with low balance in your wallet. That's where gamblers will be more foolish and try to chase their losses. Another mistake that will lead to getting wrecked.
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