Topic: Why do we lose at gambling? - page 2. (Read 383 times)
These are all good observations. I enjoy gambling but am not a degenerate about it so I do not come across these scenarios too often. For me the most important point has been bankroll management. I am always making mental calculations of how much I can afford to risk and make adjustments accordingly.
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.
This is the most simple explanation that most people who lost in gambling does. Because they've been thinking about it all day, how they will get back the money they've lost the other day and if they might win by chance, they cannot stop themselves from playing again to thinking that they might win some more. Usually, that's the reason why they've lost over and over again because of such mindsets. Furthermore, the idea behind it is being normalized in the gambling industry and people who often lose, cannot help but play again which will make them addicted in the long run.
I think one of the reasons why most of us lose at gambling is bevause of lack of knowledge. We intend to plah the game eventhough we don't have any background about it.
but we cant gain an experience either if we are not going to try the game for the first time but of course we need to read and watch a mini tutorial if possible to get an idea atleast if how the game has been done .
eventually you came to a point that you already know the game properly but are you sure that your now going to win at all times ? yes you are but the main point is that we can still loose in a gambling game but trying hard really pays off .
"Hello fellow degens.
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.
Above everything ? this is what i think is the main reason why majority of failed in gambling keeps on failing ,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.
because they cannot control the lust and the negativity in which the sole reason why they always chasing the losses and eventually losing everything .
If we can only control our self and admit that days aren't every luck ?
sure we will have less losers and Gambling operators will not bag so much money from our own mistakes.
I find it very confusing to talk about self-control in gambling which is difficult and not easy to say because it relates to the money at stake which is badly needed and sacrificed if you lose.
and greed will make us lose control because of the ambition to continue to win which in the end will lose everything and everything that happens without us knowing it, all that will happen when gambling and rely only on luck to win it.
not really , because if you are truly concern about your funds and your future in gambling? then you must literally learn the basic and that is and greed will make us lose control because of the ambition to continue to win which in the end will lose everything and everything that happens without us knowing it, all that will happen when gambling and rely only on luck to win it.
how to control self in gambling.
Parlays.
I really love them. It increases a huge amount of the winning prize for even a low budget bet.
Yeah, it takes a lot of risks but with knowledge of what you are doing it can be profitable.
It also makes the game more exciting just thinking about your parlay slowly winning while watching live.
When it comes to parlaying I always remember Adam Sandler from the movie Uncut Gems.
Damn, that was really risky for a huge bet.
I really love them. It increases a huge amount of the winning prize for even a low budget bet.
Yeah, it takes a lot of risks but with knowledge of what you are doing it can be profitable.
It also makes the game more exciting just thinking about your parlay slowly winning while watching live.
When it comes to parlaying I always remember Adam Sandler from the movie Uncut Gems.
Damn, that was really risky for a huge bet.
There are many things that can make us experience losses when playing gambling, from all the lists that the opening post mentioned, to be honest,
almost entirely I have experienced it. Indeed, sometimes we have to make mistakes first to be able to make us know how to win in gambling.
The thing I do most often is chasing losses, because basically I really hate losing. So sometimes I can't control my emotions and try to make up
for the losses I've experienced. But as we know this will only make our losses even greater. So I thank the opening post for reminding me of the things
that caused me to suffer losses when playing gambling.
almost entirely I have experienced it. Indeed, sometimes we have to make mistakes first to be able to make us know how to win in gambling.
The thing I do most often is chasing losses, because basically I really hate losing. So sometimes I can't control my emotions and try to make up
for the losses I've experienced. But as we know this will only make our losses even greater. So I thank the opening post for reminding me of the things
that caused me to suffer losses when playing gambling.
I think one of the reasons why most of us lose at gambling is bevause of lack of knowledge. We intend to plah the game eventhough we don't have any background about it. People always look only on rhe profit that they will make but not on the process and risky of playing it. Gambling is one of the most easiest way of earningmoney and making your saving a lot but also it is the most risky way because in just a snap, you can lose all of uour assets. But for those people who have a lot of money, they most commonly lost a lot because of being greedy. They didn't know how to handle money and become greedy so resultingto losing it very fast.
There are many things that can make us experience losses when playing gambling, from all the lists that the opening post mentioned, to be honest,
almost entirely I have experienced it. Indeed, sometimes we have to make mistakes first to be able to make us know how to win in gambling.
The thing I do most often is chasing losses, because basically I really hate losing. So sometimes I can't control my emotions and try to make up
for the losses I've experienced. But as we know this will only make our losses even greater. So I thank the opening post for reminding me of the things
that caused me to suffer losses when playing gambling.
almost entirely I have experienced it. Indeed, sometimes we have to make mistakes first to be able to make us know how to win in gambling.
The thing I do most often is chasing losses, because basically I really hate losing. So sometimes I can't control my emotions and try to make up
for the losses I've experienced. But as we know this will only make our losses even greater. So I thank the opening post for reminding me of the things
that caused me to suffer losses when playing gambling.
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.
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Betting for Action: Not every event is profitable so you need to pick your spots.
Betting because you are bored is going to be a large part of it, theres a time when you have the best chance of success and a time when you should walk away for a moment to collect yourself and take a break for food etc. People pushing their luck and trying to win one more without any system to their actions is when its most unlikely to turn out ok. Cant really tell people not to do that exactly but I would say money management to not bet high when you are so casual, thats quite reasonable and will raise your profitability overall.
I find it very confusing to talk about self-control in gambling which is difficult and not easy to say because it relates to the money at stake which is badly needed and sacrificed if you lose.
and greed will make us lose control because of the ambition to continue to win which in the end will lose everything and everything that happens without us knowing it, all that will happen when gambling and rely only on luck to win it.
and greed will make us lose control because of the ambition to continue to win which in the end will lose everything and everything that happens without us knowing it, all that will happen when gambling and rely only on luck to win it.
That is the hardest thing that we must learn because even though we can control ourselves, someday we can lose control, and we will tempt to play gambling for longer. We can forget to control ourselves because we can get some money, leading us to spend more money. I have those experiences in the past, but I don't want to get that experience as I know that I will lose more money if I still do that.
Besides that, chasing the loss will not be recommended to make us get more losses in the next rounds. There is no guarantee for us to recover our losses, but there is a guarantee for us to get more losses.
I find it very confusing to talk about self-control in gambling which is difficult and not easy to say because it relates to the money at stake which is badly needed and sacrificed if you lose.
and greed will make us lose control because of the ambition to continue to win which in the end will lose everything and everything that happens without us knowing it, all that will happen when gambling and rely only on luck to win it.
and greed will make us lose control because of the ambition to continue to win which in the end will lose everything and everything that happens without us knowing it, all that will happen when gambling and rely only on luck to win it.
I was going through a post about losing and how gambling should strictly be for entertainment. You treat it as such and you cannot get too hurt gambling. It is great advice and I will not argue against it, especially if you do not care about winning and just want to pass time or bet on your team. However, for me if I didn't think I could profit I wouldn't do it because losing isn't fun. And I mean that strictly from a long-term perspective. Of course you cannot win everyday but weeks, months, or years of losing should make any sane person quit.
I'd actually disagree with this since the notion of "winning money" and "winning" is completely different. See gambling money became an issue if your goal was to "win money". There's only a thin line between the two imo, but once someone goes past that, well there'd only be a single result, a gambling addict, though you're financial situation may prove to split that result into two, the other being a rich person being able to afford gambling like that. On the topic of what's making you lose though, isn't the fact that we're already gambling result in us already losing? I mean, gambling fully defines the chances of you winning always being at 50/50. I suppose the only way for one to not really lose is to not play at all.
is there a trusted casino with zero house edge ? because all the trusted casino that we have today are all have an house edge but the house edge of them are not the same because there are casino that offer less than 1 % house edge and there are casino with games that have over 2 % house edge . i have tried playing on different house edge and i can be able to win but if we want to play gambling we need to prepare to loose and no need for us to ask our selves that why we loose because we dont ask our self why we win if we win
There have been cases like that in fact. Can't really find it right now, but there have been instances where rich people spend an enormous amount of money on gambling, lose, then the casino would invite them to play more but offering them zero house edge ("to make him play more"). Afaik that was an example real-life case of a gambler winning against the casino.
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. 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.
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.
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Winners Demand an Edge: That was a quote from a poker book I once read called 'The Psychology of Poker'. If you want to win, playing casino games with a house edge is a big no-no. In sports betting, it means getting the best of the number by having multiple books. In poker, it means finding soft games you can beat. Ultimately it means if you are putting yourself into a position where losing is inevitable, don't do it! Also you need to maximize your EV whenever possible.
is there a trusted casino with zero house edge ? because all the trusted casino that we have today are all have an house edge but the house edge of them are not the same because there are casino that offer less than 1 % house edge and there are casino with games that have over 2 % house edge . i have tried playing on different house edge and i can be able to win but if we want to play gambling we need to prepare to loose and no need for us to ask our selves that why we loose because we dont ask our self why we win if we win 
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 is the most common reason why we lose. When we gamble and we lose for the first, second and nth time, there's only one goal that we all want to do. And that is to take back our losses and play again.It keeps going and going until we will not realize it quickly that we're losing. This is for most of the games, dice, sports betting, poker and other casino games that are fun to play but when we have this mindset, it's really making us lose a lot.
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 is the most common reason why we lose. When we gamble and we lose for the first, second and nth time, there's only one goal that we all want to do. And that is to take back our losses and play again.It keeps going and going until we will not realize it quickly that we're losing. This is for most of the games, dice, sports betting, poker and other casino games that are fun to play but when we have this mindset, it's really making us lose a lot.
One of the most common reason but there are people whom do deny that they arent chasing their losses and saying that they do just play out for enjoyment but the truth deep inside
is that they are thriving to make profits and trying to break even.
Why we do lose in Gambling? Its simple "because we arent that lucky enough" neither you do play luck based ones or strategic ones then luck is one of the main factor for you to win.
Though, there are differences between the two in talking of chance or odds of winning basing off on what you are doing.Strategic can really be different.
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 is the most common reason why we lose. When we gamble and we lose for the first, second and nth time, there's only one goal that we all want to do. And that is to take back our losses and play again.It keeps going and going until we will not realize it quickly that we're losing. This is for most of the games, dice, sports betting, poker and other casino games that are fun to play but when we have this mindset, it's really making us lose a lot.
Totally disagree here. Parlays aren't really a money-making betting strategy but there are cases where there are bets that worth doing a parlay especially if you have knowledge on those set of games.
Won a few parlays before because of my knowledge. It's not a sure win but knowledge about those available bets is an advantage and can increase our chance of winning.
A lot of us have won parlays before but like you've said it's not the best strategy even though we have the knowledge or information in each game and which team is likely going to win it could still backfire. If we look at the overall situation it's just not worth as each parlay loss adds up, knowing we could've turn most of our losing parlays in to profits or at least break even instead of losing straight up. Teasers on the other hand does help if you follow a certain criteria. Won a few parlays before because of my knowledge. It's not a sure win but knowledge about those available bets is an advantage and can increase our chance of winning.
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'm not like this. Random betting might end up eating my whole funds.
I always stick to the sports that I have knowledge of. No need to jump on some special events since the goal is to make profits on every bet.
But maybe l will change my mind if ever there's something special or promotions on that event.
A good list, I think it will be useful for beginners to familiarize themselves with it. This will not help them win (since the reason for losing is always the same - the advantage of the casino and it cannot be eliminated), but at least they will better understand the principles of gambling and will be able to stretch the pleasure (especially with proper money management).
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