Topic: What I've learned so far as a gambler - page 11. (Read 2723 times)

We get this advice almost all the time yet gamblers keep ignoring them. Most people who get depressed after losing a bet or game see gambling as a money doubling scheme. They can go as far as borrowing to gamble,  hoping to pay back once they double their money. Such people are causing more harm to themselves than good. Gambling is supposed to be a form of entertainment. Just like any other game, its either you win or you lose. If you use up the amount you initially set aside to gamble with,  go home! Chasing losses will only cost you more money. Until people's perception about gambling changes, they won't stop making costly mistakes while gambling .

The people who want to become the gambler,he need to understand the first thing is risk management.So the gambler should accept the risk in the gambling,the risk can be managed by following the experienced gamblers words in gambling.The fact was the new gambler was not ready to accept the words of the gambler because of the self ego towards the game.So the gambler can learn the gambling on their way is not the wrong one.But the important factor was the gambler ready to take risk of the money in the gambling.If they don't to take risk,better play the cash less game which doesn't charge some money and never give any dollars as the return.

As the Web3 Betting platform we would advice betting the amount of money that you are not afraid to lose. It's like going to casino: you have to learn saying goodbye to the sum that you are not afraid to lose. Moreover, when you win, you get more happier with the final result.

And the most important thing is ALWAYS analyze everything before betting.

Being a gambler needs to have high self-awareness. Gambler should be aware of situation when to put big or small bets, when to stop, and else. A gambler must not continuously gamble without having time to cooling down, because that can make a gambler carried away by emotions.

Playing at the right time and with sufficient capital is good gambling, because there is a time to gamble and there is times to observe. And we have to bet when the conditions are good, so that the game is enjoyable in a relaxed and fun way where sometimes luck is always there.

The common thing that I know about gamblers and their characters is that they want to win and don't want to lose, one of the reasons why they get depressed and stressed out when they lose is that they have too high expectations for something that is basically out of their control, which is why when they lose they get very depressed. I think things like that will really happen to those who are too serious in putting expectations by bringing the wrong mindset, on the other hand for people who are not too serious in gambling I think they will not experience things like that such as depression and some other pressures.

They have the right understanding of gambling and really know that it is just an activity that can produce if luck comes their way. Therefore, if you do not want to experience depression due to defeat then you must re-justify your mindset in gambling, do not put any expectations because the final result is always unpredictable. Simply put if you want to win then you must also be prepared to lose as you said, with that then I would call them responsible gamblers and not losers just expecting mercy from the casino for a win.

It's really important to know risk assessment and management when you want to gamble. It's not enough that you have the money or the skills to win, but it's equally essential to know when it is worth it to bet and play, and when it isn't. Knowing when to stop and when to proceed with betting should be possessed by every gambler. This way, you won't be tricked by the house to shed more money than you are supposed to.

If you are already happy and you think you already profited, then you can go home instead of being so greedy to chase thousands of winning. It's better to go home with a not so high profit than nothing at all.

It's true that when you lose gambling it's really depressing and it's not fun anymore. But gamblers who can control themselves at that moment will be at less risk. There are many gamblers who bet more to win after losing then they have to be prepared to lose. It is important to plan for gambling and avoid those who have had gambling problems in the past this kind of sustainable focus is what makes the casino gambling industry viable in the long run and keeps all individuals safe from harm.

Not only that, apart from having to be able to control ourselves when gambling, we also have to play with full awareness. Because this awareness makes us unable to control ourselves so we don't gamble continuously which makes us experience many losses. Playing gambling must be done with full awareness so that we can control our emotions, and also have the ability to control ourselves so that we can master the game, not the game controlling us, and it is gamblers like that who are dangerous.
Playing at the right time and with sufficient capital is good gambling, because there is a time to gamble. And we have to bet when our conditions are good, so that we can enjoy the game in a relaxed and fun way where sometimes luck is always there.

Some persons get to learn the hard way the fact that gambling can ruin them that much, they literally get ruined in both their finance and mental he's before they now think towards applying caution to their gambling habit so as to mitigate the damage already but it turns out late in some cases.

Gambling shouldn't be regarded as a means of getting rich or a source of getting money rather it should been seem as an entertainment that will cost you a fee like you rightly described, I think if most gambler's begin to see it in such light they become better off gambling because just like the movie ticket you know when to stop and go home because you have had enough of the entertainment but in gambling because they are hoping to get something out it, they seem not to know when to stop.

Not only can gambling ruin your finances, it can also ruin your mental health. Yes, the dream of a big win is appealing, but how things really are often is not what we expect. Remember that casinos arent built on people winning, but on people losing a lot of money. The feeling of being in charge can be very appealing, right?

We must not see gambling as a way to get rich, but as a way to have fun with a cost. Like when you buy a movie ticket, you pay for the thrill and the tension. Setting limits is important; see it as a hobby, not a way to make money. Can we change how we think so that losses aren't seen as mistakes but as the price of fun? Switching to this way of gambling might be better for you, but it will be hard.

That's right, not only with beginners, but even an experienced gambler will feel these two things, because these two things are definitely in every everyone who gambles so they will feel it. Even if they are professionals, in my opinion it does not rule out the possibility that they do not experience these two things that have become common diseases that are common in gambling. The ease of greed that controls them so that many of them experience losses because they follow their greed, and self-control that is also neglected because they have been lulled by the big wins they will get, but unfortunately it's just a dream, which has a small chance of getting. The awareness you have is good, and you have to pay attention to it strongly not to be easily swayed by the situation when gambling that will harm yourself, consider all the things and actions you will take, don't be rash and don't take action carelessly because you also don't want losses to befall you, don't you think?
So as much as possible you have to defend what you have, don't lose what you already have, just keep it, fight it as best you can.

Yes, that's true, but if you want to prevent losses from gambling, the most important thing is to limit your budget and gambling time because so far I have learned from a lot of gambling, everything including self-control is very important, but limiting your budget is much more important, usually people People who limit their budget will consistently play without having to think about how to recover their losses, they will play and enjoy the game

I have been gambling all this time, only focusing on limiting my budget so that I can be consistent and can control myself from addiction and bad habits that other gamblers do, chasing losses and recovering from unnecessary losses, that's why the mindset is very necessary, always think of gambling as entertainment, nothing more than That.

I can only consider gambling as fun if I'm winning and making good profits, I mean whats the fun in loosing money, you can't be loosing money and look me in the eye telling me you're having fun   that's ridiculous OP.  Whether you use your planned budget or not, it still doesn't change the fact that loosing is no fun at all.
It's true that when we go to gamble, every gbler is optimistic about winning but very few prepare their mind for the losses, hence the reason and room for disappointment is created, because you can't be disappointee by what you say coming. So if I'm going to gamble, I foresee wins and loss and I expect them, if I run into luck for the day and make some good wins, then that's fun but if losses, I just believe it's not my day and I leave and there's really no fun I'm that.

In gambling, we will only experience two things, winning and losing, where we will probably experience defeat more often, which will increase our emotions and if we don't realize it, which makes us continue gambling, we will only increase the risk of losing. If they have experienced a losing streak, they should be able to stop gambling and rest and not choose to continue gambling. That will only increase the chances of losing again and we won't be able to win.

For this reason, we need good self-control and discipline to be able to accept defeat and be able to stop ourselves from continuing to gamble. Many people have experienced big losses from gambling, so we must be able to prevent ourselves from experiencing big losses. If we can prevent it, it means we have good personal abilities and we must manage it better. We have so much to learn from gambling that it's like a never-ending lesson.

Can luck not play a bigger part in sports betting than we realize, even when analysis and information rule? Doesn't sports' unpredictability (weather, player psychology, unforeseen events)make even the best wager a gamble? We often overestimate our capacity to forecast outcomes, attributing success to talent and failure to luck. This cognitive bias can make us think we have more control than we do

However, isnt understanding when to stop the key to gambling, whether it's sports betting or slots? Human psychology is fascinatingly complex. The assumption that luck must shift or that one is due for a win keeps betting going. Isn't this psychological trap the true enemy, not gambling type? Cant self-awareness and control be the ultimate weapon in this conflict, more useful than sports or slot algorithms?

Anyone would soon realize the reality of the business if they are observant enough about it. Every gambler was naive and inexperienced at some point of their life and because of the passing of time and the living of experiences all of them have managed to grow up and learn how to manage their own bankroll in a responsibly manner.
The danger starts when someone initiates within the world of gambling, casinos, lotteries and betting and does not learn from the experiences, specially the negative ones, it can make people to devolve to a negative state where they blame their bad luck on the casino and not at the law of the chances or probabilities.

Both are indeed conditions that greatly influence the arrival of bad luck and the difficulty of controlling oneself because wins that come always have an addictive effect and will continue to make gambler unable to stop before what they want can be achieved from the win, and vice versa with losses that make gamblers don't usually accept it and then try to use another amount of money to recover it.
So far, quite lot of problems have occurred from these two conditions, and quite few gamblers have actually spent more money that is not in accordance with what they have set.

However, even though it feels very difficult and we cannot directly control these two conditions, we still have to try to handle them so that in the future when we win we avoid greed and when we lose we don't try to recover it.
But it is very true that mindset is one of the driving forces for someone to think of better things from every attitude or condition that is happening.

Yes, gambling is literally based on luck but depending on its type it is possible to reduce the effect of the luck factor. For example, although slots and similar gambling games are completely based on luck, sports betting is a type that is partially based on luck. Although the luck factor has a significant impact regardless of the preferred type of gambling, reducing the luck factor depends entirely on the individual's preference.

On the other hand, unfortunately, as you mentioned the reason why many gamblers lose money in gambling is because they don't know when to stop. Unfortunately, both those who lose a lot of money and those who earn a lot of money in a very short period of time become more greedy and lose after exceeding the limit they should stop at. Certainly, it is very important for an individual to act knowing when to stop or take a break from gambling.

Finally, if we have to compare sports betting and gambling games I think it is necessary to have an idea about the gambler who is a player in order to claim that it is possible to make more money in sports betting. There will not be much difference between someone who bets on sports without having any knowledge about the preferred sport, sports teams and someone who plays slots or similar gambling games. The biggest difference and advantage of sports betting compared to traditional gambling games is that it provides the opportunity to bet based on analysis, knowledge and experience.

The most stupid person is someone who knows that the activity is quite detrimental and realizes that he is addicted to gambling, but that person just keeps quiet without having any intention of stopping his gambling activity or trying to control himself over the gambling he does and his finances. that he spends on gambling, and they assume that everything will be fine.

So if we don't want to be considered stupid, then never let go and ignore a problem no matter how small that happens in our lives and make an effort to find out how we can control ourselves over the gambling we do. Keep trying even though your chances of success in solving the problem seem small.

I believe we do know but we can't control ourselves and the urge to gamble more when it comes to gambling either because of greed or addiction. Because when you are already ahead of the house, that's when you should stop, and someone who is a responsible gambler understands this and even an irresponsible gambler understands that but they can't control the urge and tends to ignore such things and calls that are important and which might save them from excessive losses.

So, it's not like we don't know when to stop but we choose not to because of our own preferences and reasons that might turn out to be good at times but mostly turn out to be bad for us because the results usually go against us when we don't stop when we are supposed to even after knowing it.