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Topic: Why do we lose at gambling? (Read 334 times)

hero member
Activity: 2548
Merit: 533
February 16, 2021, 05:52:37 PM
#51
It wont be called gambling if someone wont able to lose because when we do mention or do talk about winning then theres always the other side which is losing.
Gambling is a business and they wont really be making out one if they wont able to make profits and of course there are lots of factors that would affect someones
winning rate or chances. Those things above are pretty common or which been really experienced by most specially that chasing losses behavior.
Everytime we do get engaged or do play gambling then its really hard to ignore that we wont really get affected on losing bets.Money is valuable and its just
normal for us to reach on that time but dont go overboard because if you do let yourself to lose control then you would definitely be losing up even more.
sr. member
Activity: 1848
Merit: 370
February 16, 2021, 05:50:09 PM
#50
Losing is just the way gambling works, if you're not alosing, is it really gambling? At some point in your run you'll encounter losses, heck maybe a lot of them too. But if you realize that it is not about winning more but is about controlling yourself to lose less games, you'll start to see the difference. Not losing is winning, so if you keep your losses in check, perhaps through self-control or whatnot, best believe you'll be getting the dough!
sr. member
Activity: 2044
Merit: 329
★Bitvest.io★ Play Plinko or Invest!
February 16, 2021, 03:50:06 PM
#49
The hardest thing that the average loser faces are their greed...
gamblers who lose on average when playing gambling must have gotten a 'winning time' when gambling but when their greed is stronger than their logic then all they do is continue gambling. stopping when winning is the best moment and opportunity to feel profitable.
hero member
Activity: 1750
Merit: 720
Top Crypto Casino
February 16, 2021, 03:13:14 PM
#48
Lose in gambling will always be a part of it to all players who will enter into this platform whether online or land based gambling. And moreover, whether you are  greed type of gamblers or not We can always face loss every time you attempt to play in it,just like that.

In gambling, there are winners as well as losers. You can't keep your winning fund with you until you can control your greed. Loss is involved in everything but those who can control themselves from this loss can get good results everywhere. I myself have won many gambling games but due to my greed that winning money has ended up being lost. The gambler who can control his greed can win a lot of money while gambling. It doesn't matter which platform he is playing on.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
February 16, 2021, 02:27:02 PM
#47
Chasing losses has been the best example that suits everyone's situation including me. I try to chase my losses and sometimes even double my portfolio, but greed never lets me stop at that point and I decide to gamble further and when I get under my capital again, I try to chase my loss with higher bets and lose all of it.
I agree. I think there are lots of people like you and me who just keep going in the hope to recoup the loses. Clearly, this is not a very productive way and it is. better to just move on with a fresh and calm mind.

This is why I agree with the OP that gambling should be taken as something to pass time and have fun with, reasons such as to get rich isn't not going to end in the way you want. So, yeah, all the 7 points are right on!

Even if you take it as a way to kill time, you will still be losing money if you experience the losing streak which everybody does. Users who say they are only using TRX to gamble often thought of just Rolling the dice like maniacs never noticing how much they've lost actually. They think they are passing time but still chases the loss until 50K TRX gone on their wallet.  There is no quitting after that so why do we lose? Because we gamble.

legendary
Activity: 2030
Merit: 1189
February 16, 2021, 12:32:12 PM
#46
Chasing losses has been the best example that suits everyone's situation including me. I try to chase my losses and sometimes even double my portfolio, but greed never lets me stop at that point and I decide to gamble further and when I get under my capital again, I try to chase my loss with higher bets and lose all of it.
I agree. I think there are lots of people like you and me who just keep going in the hope to recoup the loses. Clearly, this is not a very productive way and it is. better to just move on with a fresh and calm mind.

This is why I agree with the OP that gambling should be taken as something to pass time and have fun with, reasons such as to get rich isn't not going to end in the way you want. So, yeah, all the 7 points are right on!
legendary
Activity: 2240
Merit: 2005
February 16, 2021, 12:10:42 PM
#45
We have different reasons why we lose. But I ended losing always because of my greediness. Yes, we are winning but we wanted to win more. Ending? Lose all funds.  Grin that's the reality.
Although, huge bank roll is an advantage but we can't really beat the house and they always win. And strategies doesn't last long, too. You win at first but rage bets always there and beat you up.

What is the remedy? Self control. And setting 10% profit computed in your bank roll is easy to achieve if we aren't that greedy.

The idea is that gambling is a zero-sum game and if someone is winning money, then someone is losing it. Every gambling game is built so that the casino will never lose and that is why in most cases the person who comes to the casino leaves with nothing. As you correctly noted winning will only help self-control and knowledge of game theory.
legendary
Activity: 2520
Merit: 1073
February 16, 2021, 10:03:55 AM
#44
this was posted on reddit by u/jmotrain.

I agree with everything he says and thought it would be very helpful for fellow degens here. Thoughts?
Well, I agree with most of the points but I am never too concerned with losing at gambling because its just a form of pure entertainment for me and its like asking someone who love watching movies, why do we lose money when we buy movie tickets? Its obvious these platforms are made to entertain us and yeah we can win but the overall outcome is quite obvious and that is why there is a house edge.

Chasing losses is something we do when we lost more than we expected or initially thought we would so my advice would be to just deposit what you are absolutely happy losing and in case you lose, just remember you meant to lose it and move on.
hero member
Activity: 2212
Merit: 786
February 16, 2021, 09:56:53 AM
#43
Chasing losses has been the best example that suits everyone's situation including me. I try to chase my losses and sometimes even double my portfolio, but greed never lets me stop at that point and I decide to gamble further and when I get under my capital again, I try to chase my loss with higher bets and lose all of it.

I reckon that I mentioned this to struggling gambling players about the cycle of winning/losing.

The problem with a winning/losing streak in gambling is it creates this illusion that a player must continue in order to win more or to recover his/her losses. In such circumstance, the player risks again himself and believes the fact that he may win again or recover his losses. However, the more you gamble, the more you increase the chances of putting yourself at this kind of cycle.

Gambling must be paired with discipline and self-control. The more you gamble with the mindset of recovering your losses, the result will most likely be you, losing more than what you expected.
sr. member
Activity: 1638
Merit: 300
February 16, 2021, 09:34:10 AM
#42
Chasing losses is my main guy here. I don't know that the term for the strategy I am using is Martingale and I thought I would be able to take back my losses but that also came with a huge risk. We have these betting systems that we use but if you are playing games that entirely rely on luck, better not hope you'll get much of your money that you lost.

full member
Activity: 1190
Merit: 117
February 16, 2021, 07:00:46 AM
#41
I am sure all gamblers have experienced losses when playing gambling, losing in gambling is a common thing. Because indeed the casino system is
made for gamblers who often suffer losses. So don't worry too much, as long as we use the money that we can afford to lose. In my opinion, there is
no need to stress if we experience losses when playing gambling. Because it is best to play gambling only as entertainment, and don't make gambling
a source of income.
legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
February 16, 2021, 06:14:45 AM
#40
We have different reasons why we lose. But I ended losing always because of my greediness. Yes, we are winning but we wanted to win more. Ending? Lose all funds.  Grin that's the reality.
Although, huge bank roll is an advantage but we can't really beat the house and they always win. And strategies doesn't last long, too. You win at first but rage bets always there and beat you up.

What is the remedy? Self control. And setting 10% profit computed in your bank roll is easy to achieve if we aren't that greedy.
All your comments are true, but gamblers that are losing still have one thing connected to them which is not greed. Some people are not greedy, like me I am not greedy but I still lose. I was losing until I total realized gambling is not a profession. I thought I can make it in life if I am gambling, but it only brought wrath upon me. Gambling should never be a profession, or bad mindset will set in even without the person knowing until he lose again, then blaming himself. Gambling should just be for fun, for entertainment, not even thinking to win but to have fun with quality predictions. Because the professional ones can lose while the outcome would have the better odds. Anything can just happen in gambling. I bet with low amount of money, I remember when I predict the correct scores and I won it, all because I use low amount that I did not even care to lose, but yet win.
legendary
Activity: 3136
Merit: 1233
Leading Crypto Sports Betting & Casino Platform
February 16, 2021, 03:28:20 AM
#39
Those are great advices which many experienced gamblers already know but unfortunately cannot abide by those let’s say boundaries.I am one of them and the reason I can’t follow the advices here is because I want to feel the adrenaline of slot machines and luck based games which you can’t if you abide by those boundaries.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
February 16, 2021, 02:03:49 AM
#38
So are you trying to fix your mistakes you made on the list to win more? It is not going to happen. No matter what "startegies" or "techniques" you use, you will always lose in the long run since the house always wins due to the house edge.
You posts like you are not advertising gambling site and no idea how gambling works.

Yeah the House is indeed making Money from the gamblers but there are still wayrs to prevent losing more and that is the point of this Thread , He is not fixing about the mistakes but letting gambler to know the areas where they can possibly win over gambling.
Quote
So stop thinking that you will no longer "lose" if you manage to counter the problems you have faced before.
Have you read the thread? or just a BS title ? who says you will never lose? this is the problem in some advertiser now in which just posting without knowledge in thread  they are replying.
Quote
You will still lose if you keep on playing. So make sure once you make your profit (or enough loss), cashin your profits and quit.
Quit? or you mean stop for a while?
copper member
Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
February 16, 2021, 01:38:23 AM
#37
So are you trying to fix your mistakes you made on the list to win more? It is not going to happen. No matter what "startegies" or "techniques" you use, you will always lose in the long run since the house always wins due to the house edge.
So stop thinking that you will no longer "lose" if you manage to counter the problems you have faced before. You will still lose if you keep on playing. So make sure once you make your profit (or enough loss), cashin your profits and quit.
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
February 16, 2021, 01:31:42 AM
#36
   Chasing losses: This is the worst one for me personally. When I lose, I tilt (goes for poker too). You cannot win chasing losses where you bet because you are pissed and want to get your money back. You can get your money back but it might take a couple days or even a week. The old cliche is true, this is a marathon and not a sprint. Don't tilt.
This hit me in my frailest body part.  Cheesy
Yes, it's the worst of all.
I did it in dice, sports betting or even just our local card games here in our country.

You just want to get it all back so you double the bet to get a bit of a win. That is if you win.
It's a good experience though and you will learn from it. But not on the second time. Not even in the third time.
Bad decisions filled with emotions just clouds your mind.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
February 16, 2021, 12:54:32 AM
#35
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Betting for Action: Not every event is profitable so you need to pick your spots. I love the Blazers but I will not bet them if I don't think the bet is +EV. Only bet after you have done your research and feel it is a good bet. Don't bet just because something is on.
I think this is an acceptable Loss because at least you bet on your Love team/player , this will take as a risked betting that if you win then double the fun because your team win and you also gain, but if you lose then it is a single one in that is sadness for your loved team.
Quote
    Chasing losses: This is the worst one for me personally. When I lose, I tilt (goes for poker too). You cannot win chasing losses where you bet because you are pissed and want to get your money back. You can get your money back but it might take a couple days or even a week. The old cliche is true, this is a marathon and not a sprint. Don't tilt.
I always fall from this because i am the type of person that don't wanna accept defeat that easy, i always look for a chance to recover of take at least even and same  learning from my past experiences , now i know that this is not a way how to deal in gambling and i'm teaching my self to control the eagerness and let lose a day than lose everything .
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
February 16, 2021, 12:46:43 AM
#34
So far the most problem I encounter was "bankroll management" and "chasing losses" it's the most common thing do happen when I am losing at gambling. To be honest, these two can be summarize as greed and that's all there is to it. Though this is manageable but psychologically I think it's sometimes unavoidable when you caught up on it, it's like you get into an addiction.
Back when I was still a regular in some gambling houses, chasing losses is my biggest problem although those days were already bad so it translates into my games which is not good for me. One thing that OP forgot about why we lose at gambling is because it is gambling which is by definition playing to win with uncertain income.
legendary
Activity: 1316
Merit: 1004
FRX: Ferocious Alpha
February 16, 2021, 12:30:24 AM
#33
Four of these in the list applies to me Cheesy I'm still trying to improve daily.

But the most proper answer, besides our weak mind, is that the odds are against us, and in the long run, we are doomed to lose.
sr. member
Activity: 1414
Merit: 326
February 16, 2021, 12:26:12 AM
#32
The biggest hurdle in playing is to keep your mind set no matter what the situation the only way to win is to enjoy the game in the past, betting was seen as a form of general entertainment but quickly it became a regular gamble millions of rupees are gambled in a few villages centered on a bullfight. There is a class of people in its management at first it was an instant arrangement but gradually it turned into organized gambling. That's why you have to go ahead with everything that is gambling.
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