Bitcoin Forum

1 – Aversion to Loss

2. False Expert Belief

3. What Goes Up Must Come Down

4. Raising Stakes

5. Bandwagon Effect


https://degenbet.com/5-mental-responses-will-make-lose-money/ (https://degenbet.com/5-mental-responses-will-make-lose-money/)

That's was all probably happen when you have that negative side cause to lose.
That number 2 I was bolded, that has mostly happened to me that I expected I win but my luck was not there.
Felling expert and confident of what I do in gambling but at the end always a loser, this is very risk belief but when a good vibe comes into you surely also comes luck.

in fact these five ways can lead us to victory. as long as we can manage when we start and when we stop.
the 4th point is very crucial. when we can determine the exact time, when doubling the bet. it will be a great victory

I’ve read the article and I agree, it is very well explained.

I would add the one that will make you go bankrupt: “I don’t care”. When people have been losing too much, more than they can afford, even borrowing money and are in a compulsory mental state that makes them not care about the consequences. They will care later on when they lose everything.

I would add the very well known gambler's fallacy and the belief that schemes and patterns exist in games of chance. This usually makes people believe that they can martingale their way to success in online dice ;D
A very good article, people should be aware of this before they start playing.

I'll try to list a few items I think apply to gambling.

Not sticking to the betting gameplan / strategy due to emotional stimulus or a lack of mental discipline. Sometimes when people start to lose they will begin to chase bets which are higher risk than they normally would consider and it accumulates even worse losses than they would normally sustain if they stuck to the strategy they made when their mind was clear and rational.

Expecting win versus loss to mirror a 50/50 split. After 8 straight losses a person might decide their lack of success has to balance out to 50% wins and 50% losses, which means their next bet will be a winning one. That's not how things work, unfortunately. It is possible to have 20 or more straight wins and 20 or more straight losses. The universe doesn't mirror a 50/50 split.

Expecting odds on a bet to reflect actual probability rather than subjective or arbitrarily fabricated numbers. While it might be tempting to bet heavy on plays which appear to be "high percentage wins" sometimes its good to remember that bets which payout low percentages don't reflect the actual statistics of chances for winning.

Already this week I was treated by all five such responses,the running bot system made me do it and the result lost my money more.Thank you for giving me good benefits I will rearrange my feelings and strategy for win Reading the article is very useful.

I believe a better explanation to this is summed up in what you give you receive. The universe only gives you what you think, so if you go to a casino and think oh well I'm gonna loose but let's try chances are you'll loose. However if you go in with this affirmation today I'll win and I'm in the winning league then you see it'll happen. Give out positive affirmations and it'll work like a charm.

I think that the main reasons are:
* gambler forgets that this is not a way to earn money, it's a way to spend time in a nice way.
* gambler tries to "recover loss"
* gambler believes that a winning scheme he has read about really works

The number 1 point is more crucial to. Actually this always running in mind everytime I bet. I'm always out of focus everytime I'm thinking if my bet will gonna win since I don't want to lose. Raising stakes will take an easy call for me. Once I lose my bets then it's normal to raise your bet to regain your loss and at the same time , to have a profit.

We have to realize that we are mentally gambling, so we have to prepare our mind to win or lose. Thus, we are protected from psychological harm.

I think one of the most common reasons why people lose money, is because they think they can beat the house. These sites have

a house edge for a reason. Your chances of winning something increase with every percentage that the house edge is lower than

the previous sites you gambled on. So you will have to compare gambling sites based on their house edge to increase your odds on

winning something. Gamble for FUN and you will lose nothing, because you would have spend that money on other entertainment

in any way. Do you lose money when you pay for a movie?

yes, it is important for us, when we are not able to face defeat, this will usually be our step towards gambling addiction, when we do not accept with defeat we will continue to gamble, and in fact we will experience a big defeat

I don't think the point number one belongs to gambling category. Gamblers are natural risk takers. If some one wants to stay out of risks, he/she would choose some other method to earn money  without coming to gambling market.

I think you are trying to say "fear of loosing" and not "aversion lo loss". Am I right here?

That's why new gamblers especially in sports betting must not do random bets just because they saw others having a good pick always at their bets. Knowledge about the game is important. Although it's not an assurance that everything will be fine at the end, proper analyzation will help minimize the chances of losing and increase the chances of winning. It's more comfortable to bet if that will be based on our analyzation and not because of buying the rumors or people's favorites.

Always mainly happened to those sports bettors who followed tipsters without a doubt.

Very popular to sports betting. Others doesn't care about analysis and odds. When they saw the other team played well, next series will be that bet for sure.
True.

I can say I am a victim of #1 and #4.
I think all gamblers have this thought of what happens when loss happens even if it is briefly or for a long time.
It can cause you to second guess your judgement and that is when you pay for your mistakes.
Raises the wagered amount is sort of a martingale tactic and it never works for long and those who use this strategy end up losing all in the long run.

Everything gets combined within a single factor, which is the greed. Because, most of the users makes a win in gambling during their initial days which is purely on luck. Very few makes hard predictions going through the various strategies and get into it. This turns to be a greed when days pass and makes the user end up losing.

Correct. If we do try to read up here http://www.escapetheivorytower.com/2012/07/the-difference-between-fear-and-aversion/ we would able to see the difference but well it isnt a big issue but you are right that Gamblers are natural risk takers they do know on the very first place that tendency of losing money is really here.

I agree.I think the main root why we always keep on losing in gambling is our own greediness.Our minds are solely controlled by greed that keeps pushing our momentum to gamble again even if we had experienced consecutive losses already.But i know it's inevitable especially if we really want to win back our losses but at least somehow we can control and minimize it for our own good.

I agree on this, it should be clear to every gambler that its just for entertainment, dont take it seriously and sell your house and lot to recover you losses. Just have fun and greed should not take over you, a gambler should over come that or else its another way to lose more rather than gaining money in gambling.

Raising stakes is the worse won i have felt it and i completely understood how frustrated we get slowly slowly and how much addicting gambling becomes when finally we have lost so much that the only option left we feel it to go all in and whenever this happens the outcome is will always lose it's pretty rare to win

I believe that by increasing the bet it is the most wrong thing, which means losing a lot of money, gambling will greatly make your patience very tested, especially in the mind, do not expect to win if his patience is uncontrollable or very emotional to earn more money not with clear mind.

If you keep on play the gambling with the false belief of we will won on the next bet ,you will lose your money.If you use play rarely in a month,at any point you will get huge profit.Instead you had keep on play gambling continuously,their may be chance to lose your money.Gambling is game,take it as a game and don't keep on increase the bet to get more dollars.

That no.2
I'm dumb to say that I used to bet higher when I'm getting good call with my bets. Trusting too much with my experience and thinks that it's okay to bet more with the amount I won.
Getting confident once we win and we are thinking that this can happen all of the sudden.

In general, I agree with you on a few points. Plus, I see that there are many psychological problems in many people (gamblers) and adversely affect and lead to financial losses, it is true that gambling is just for fun and improve the mood, but unfortunately, many consider it as a full job, this is the issue and wrong belief from those categories.

As a matter of fact, the Mental is not similar for everyone, so your 5 points may adversely affect on gamblers and may not. In fact, I think one of the most common things that leads to loss in gambling is the imagination or illusion, for example, Many believe that will win in the next game and when they lose, they try again, and again, until losing all their money and all of this because in their opinions, they are sure that they will earn a huge financial of money.

That is gambling, its hard to stay focused when we lose, maybe even harder when win!
All this factors affect our gameplay, its hard to stay focused and play every hand with cool head. Losing too much or winning a lot, makes our mind vulnerable and we make mistakes.
Those are the problems, but what are the solutions? There is only one solution, taking a break and chilling some time before going into fire again. Its hard to do that when your mind is burning, but that is experience and who ever gamble should practice this, doesn't matter how hard it is, with time and practicing its easier.
About factor 1, aversion to lose, who have that should stop gambling! In gambling losing is a big part of the game, if you can't take it and handle it then you will face with big problems and gambling will make you more nervous!

that is right, we cannot win for just increasing the bet and it's only making our money is lose too fast because in the next round, we don't have a chance to win the games. sometimes a gambler cannot be patient to wait his chance to win the games and when he cannot control his mind then I am sure that he will lose more money. besides that, we need to know that our greedy always comes to us when we can win the games and attract to us to keep playing.

You made me laugh, just by reading an article you are able to control your loses, since you are using bot you are clearly not gambling to have fun and your only aim is to make money and  so is the reason you end up losing. What OP is telling might be true for addicts to find out about their problem, i used to gamble once in a while, just for fun and majority of the time i do sports betting if i get the time to watch the match, if not i wont risk my money, i do it for fun and i think my mental responses are strong. ;D

I believe most of the gamblers had also experienced this.We should always remember that gambling is just between pure luck and chance.If we won in the first bet,then there's no assurance that it would happen also in the next bet.So we should learn how to control our emotions and even our mindset so as not to experience consecutive losses at the end of the day.

The luck may come to us anytime like in the next minute or in the next month so we never know it,so all we can do is just go and try our luck when we have extra money that needed to be spend for fun purpose.
But someone will try to get back the losses by increasing the bet amount after the lost bets that is one of the main reason.If you are failed too many times in a day and the money you got is very small then we need to leave now and try our luck in the upcoming days.

Agreed with all the aspects and I want to add-on something.
Some people believe that they found the way to win, and that " it's very easy to win in sportsbooks", it makes them believe that they are over all the other gamblers and when the others failed they can win.
It's really risky thought as usually they will find them self betting on amounts that they didn't plan to bet on just because they feel really confidently.

That's the real situation that it's harder to focused when you have tasted the spoon of victory. The solution you gave is effective if the gambler will follow it but sometimes it's hard to think of taking a break and chill for awhile. Why? Because our minds are set being a gambler and a loser as well, we all want to take the winning again and gamble recklessly. The confidence and pride is still there but the results can't be handle because we don't know how it can go.

Sportsbook betting will be perfect one to make the more money if you know the skills about the player or the team knowledge about any sports. When we loose the money we will think we can take double the money by betting the extra money to take the return.
That is actually worst move and that you can call as greediness mate.

Then you should manage the emotions as well to avoid the huge loses back to back.

Its really easy to win in sportbooks however, there that element of luck that is involved as well. And even you are really good in analyzing each and every game anything can happen and you really thought you already won, sometimes in just a fraction of a second, everything changes making you lose your bet. How unlucky you are.

I'm also guilty on some of this belief specially the bandwagon effect. Even local horse bet in our place has this so called last 'minutes whispers' in which it will clearly spread out and every wants jumps on the bandwagon in hoping to get a good profit. However, its not always the case and most of the time the rumor is just what it is, simply a rumor.

It is pretty fine to make money in gambling even if someone has to rely on a bot. this involves no harm to anyone. There is nothing bad about inning bets and becoming rich for free. However, I am really not sure about this bot part whether it will never betray the player or things may go the other way around. Honestly, if it was this easy to become rich, half of the world would be rich by now.

Simply one thing which causes a huge losses for anyone's life is his /her greed.Most of the people are getting into gambling to make money with greed but normally most of them will fail in that so be smart and use the gambling why it was meant for.

I have seen gamblers with this mindset. Actually they don’t forget that gambling is no income source rather they believe it is and struggle hard to increase their capital this way. I don’t condemn playing this game for fun purpose and that too if done within some safe limits but considering it a way to bright and rich future just ticks me off. Frustration and anger after losing money plus addiction over time keep gamblers gambling.

But sometimes, if you believe in greed is a chance to earn a lot of money it's good for me. Not all greedy will bring you to lose money, but it's good greed accompanied by the common sense that makes you sure get more money. Likewise with gambling, if you believe at the time of gambling you have a strong instinct to win gambling then that is good greedy.

I think you are talking about eagerness in getting rich which surely gives us the mental power to reach the goals of our life but it may not be suitable for the gambling which only depends on luck so the mental strength ha no role to play with it.

I strongly agree with these mental responses. And the most arguable thing is the false expert belief. As a matter of fact, we as humans can be overconfident that can lead us to our downfall. That is why we should be confident and playing in a smart way. Otherwise, when we lose, we will get a shock that can be a way to depression because we were 100% sure that we would win. That is why we should expect the unexpected.

This is very true especially when we tend to have a good run of bets and win most of it. Due to our nature of being greedy, we think that we can win all the bets in the future but in the end, we are greeted by our demise and lose all our money with just few bad lucks. It happened to me a lot where I can walk away with significant profit but I stayed for a bit longer (due to cockiness and overconfidence) only to realize that I lost all of my earnings together with my capital money.

Having a goal in mind while gambling somehow helped me to avoid such problems when winning.

The Bandwagon effect is what stands out the most for me from the reasons that make people lose a lot of money when gambling, because some people see other who may get lucky and win so they keep going in hope for a win themselves even though it might take them a lot of tries and they end up with no money, people are so affected by what the society impose on them, if they see others doing it they jump in and do it as well even if it means their doom.

Everyone wants to become rich in his life. It is desire of every person to live a tension free peaceful life and money is considered as the remedy to all problems. It is a common view that money can bring happiness and peace. Chasing money is also healthy if a person does not go with the wrong methods. Gambling indeed is an incorrect way of getting rich. Actually it does not work at all.

Gambling is indeed a wrong way on hurrying yourself to become rich. It is possible thru it but would really be very on a million chances since it do really requires extreme luck.Part of human nature to search up on how to earn money on the most easiest and fastest way which it ends up on thinking on playing gambling because this is the thing where those things can be found but in the end they do wreck up their hopes towards it.

when I accept defeat continuously and there has been no change at all to win, my mentality goes down and I play to be chaotic, big loss I get.

Before getting into something, one must be knowing and researching about that properly. If you don’t know the good and bad of that thing prior to the practical entrance, you could be on great risk. You could be losing all whattypo have within some days. So better is to search first and then get into this world. And I am sure if you learn well about gambling, you would never be stepping up here.

Yeah the result of gambling is that a gambler lost all his money and he takes nothing with himself. When we play game we do not think about the consequences, but when we lost then we think about the lost money and the game we just played. Mentally everything became wrong and we cannot control our emotions. The end will be bad of a bad thing.

Increase bets?
If I see an opportunity to win, and raise the bet I think it's okay. It's so risky but when you win it, at least it can give you a lot of money.
Overall this can result in a positive and negative. Depends on someone applying it.

I quite agree with the “ what goes up must come down” mentality because it’s one of the things that most consistent in the world and it doesn’t only apply to gambling but a lot of other scenarios as well.

Loss aversion is what made me lose money before. I always bet on heavy favorites thinking they'll always win once I start losing it made me realize that those kind of bets are not worth. Thanks to my past betting experience i'm not afraid to take risks and expect to lose more than to win.

It's the same as raising stakes. If you can afford to lose more money in one bet it's okay. I don't prefer doing this kind of bets because it could encourage you to bet higher if you lose.

 

absolutely your right i agree with you mate in any angle of life negative thinking are get in at bad cause's, in the gambling need to have brave heart and always thinking their mind to got win postively, we should knows playing gambling need to set greed control to avoid a lot of lose because gambling are risky.

It’s all because the gambler wants to make sure he will be able to win back the money that he/she have lost in the previous bet but almost all the tine it doesn’t end up in the favor of the gambler because he just keeps on losing more and more in the following bet.

it would be better if we prepare speculation or ways to anticipate if we find the worst when we do gambling.
safe steps
- stop and resume at a later date.
- take a break and find the best strategy to conquer the game
- multiply bets with unlimited bankroll

Well, maybe that's the way we need to do it

When luck is your opponent, then I am also against the idea of raising up one’s betting amount because all this will do is bring more loss. Only because a person can sustain pain does not mean he should punish himself with that pain. It is better to play with very small amounts and never let this thought cross your mind that raising up amount will recover the loss or benefit in any way.

Oh that's bad brother and I hope you already move on with that. I wonder what made you come up to that? I bet something bothering you that time so your mind is not that calm.

I believe in raising stakes because gamblers are greedy so the more they raise stakes the more they expect winnings nor money. And we raise stakes the more we won and don't want to break the momentum. And that won't help either.

There is no patience in the mind because the gamblers are always greedy and they want to win more and more, and thus they lose all their money. A gambler will never be mentally relaxed rather he wins or loses. When he wins, he wants to win more and when he loses he wants to win back his lost money and thus the result is tension mental distortion.

It's a wrong in gambling if gambler are always greedy and not patience to play in gambling.
I think that Need to control yourself in gambling, dont be greedy and patience this is the key to survive in gambling.

That first one is basically the main thing that is applicable to almost every gambler based on most of the things I have always read on this forum and that my bro is one thing that is worrying. As long as they have that first wrong mentality, there is no way the remaining two will not always come to play ?

The fact that they ended up thinking they will win no matter what since they want to earn from gambling will make them to keep pushing themselves more even while losing so much and hence subject them to trying to recover losses and trying t find better ways to want to win their money back as they end up losing everything.

indeed this is the most risky strategy, especially if we do it with 2x bets multiples. we can lose very large, while our profit can only get the same as the number of bets at the beginning.
example: bet in the beginning of 0.002 three times our defeat runs out 0.014 and in the bet to eight we must have 0.016 which means we have spent 0.03 with win guarantee only 0.002

That psychological harm is what we place there for ourselves. A lot of people see gambling as a way they can be making consistent living (yeah, a lot of people say that in this forum), and when you think about how they have tuned their mentality to this direction, they have more like enslaved themselves into their own thoughts and when things are not working as they have assumed which obviously would not, then they try to find means to get out of that cage they have placed themselves, which by then it has already become something difficult to do.

That's true but the forum post didn't include Die hard greed and addiction towards gambling perspective.

Took from the forum

This is the main reason why I've lost a lost of $$ when I was gambling in the past not being able to stop yourself and going for a small bet if lost then trying to recover it.
It recovery fails whole balance is gone.

It does include

Aversion to Loss & Raising Stakes

That makes sense. Yes this mentality works out at every moment of life. Whatever field it is, what conditions are there, but still what goes up and to come down. This is how this world is running since the first day. Everything would see the best of its charm and shine and then it has to see the weird and worst of its other side. Gambling contains more coming down than going up.

Not even in just gambling, just like you said. That's just how the world works and it is going to be fair. To make sure there is a balance in life. That's just how I see it.
Gambling is great but you need to have control of yourself and make sure you know what you are doing.

Yes, but OP is talking about the mental affect of losing money, which leads the gambler to lose more money, and sometimes for even losing more money they he can afford to lose.

Psychologically, the result of a gambling bet affect the person's mind, a winning result may make him feel like he has something that other gamblers don't have and it makes his self confident to go up, this thing is dangerous because it usually makes him keep betting, and even if he loses the bet he may think that it was due to being very unlucky and that it won't happen again.

You are not wrong bro, but I always wonder whether they think the house edge is there for charity purpose for them to think that way. The main essence of the house edge is to make money at the detriment of those who are greedy enough to be looking for what they cannot find in gambling.

Personally, I expect people to always see gambling as a way to pay to have fun which you can be lucky to win something in the process if your luck deemed it fit, but people usually do not always get it.

Greed of more money is the ultimate reason which makes gambler an addict. And definitely, when he is earning some money from gambling without putting many efforts then how can he leave gambling because other works need a lot of efforts and after doing a lot of hard work you get your money. So the gamblers can’t show patience because they are earning easily from it.

Gambling is great but as you said its need control which is difficult in many cases some time peoples react very quickly after lost and try to recover which is more danger because in this case mostly we lost more then we expect its happen to myself many times now trying to avoid this all which is good but if you trying again then you are going to lost again

That is the main mentality that makes a lot of people always end up losing big and not just losing big but getting addicted. I understand that you need to apply the law of attraction if you are really looking forward to win, but if you apply just that, then you are going to be heading yourself for destruction.

It is always important to always apply the law of reality as well, knowing that the chances of losing is still high irrespective of how much you really wish you win as this would help you keep your mental and emotional check balance.

I am also of the opinion that gamblers’ minds must be filled with false hopes of becoming rich or else why would be they this much desperate that betting home and family members also appears nothing to them. They are after money and money is very addictive. A person who loves money does not even love himself. Gambling basically triggers greed and laziness in player.

I agree this one is the worst of all.

All the others make you lose your bank, but this one makes you get a mortgage and gamble your house away in the belief you're going to break even.

I've lost almost a BTC with this  >:(

According to me the main causes are:
1. Ego: I've seen this be the downfall of what otherwise may have been a good professional gambler. Until you have won 10 million or more gambling, check the ego at the door. If you have reached this level of success than why the need for the ego
2. Emotions: This one is key. You must not let the highs and lows affect you. If you cannot do this than you need to find another profession.
3. Focus: If you are distracted with other activities, people, family or problems you will not be able to give gambling the attention it requires
4. It’s not about one big win: For an average person, their idea of gambling is the thrill of getting one big win, so much so that they don’t care if the odds are not in their favor. This makes them lose.
5. Confidence: If you are not confident in your ability to make a substantial amount of money out of gambling then you may as well give up before you even start.

Some of it will cause you to lose your money but some of it can be used to gain a good profit. It is just you have to take the responsibility to believe on what do you invested instead of believing to some negative stuff which can cause you to become a weak hand holders and will tend you to lose all of your money.

Sometimes you will win and sometimes you will lose, that is gambling. You can`t win if you don`t lose first, who ever gamble knows that .You need to gamble and gamble and when you lose to not get in those mentioned state if mind, if you do then you will make bad decisions, like going all in in hope that you will win something big. Most of us been there, and maybe every gambler needs to pass trough that stage.

1. nervous
2. too eager and never willing to be patient
3. small capital, and often feel worried
4. rash, no analysis and moment estimates, just referring to luck only
5. always think that victory will come and will have fun.

Out of these five factors that you have mentioned in your comment, I personally like the confidence and emotions because these two are the main factors which play role in leading the gambler to a win or a loss. However, remaining three are also important but I think they play a side role in gambling but without them, the script in not complete. If we talk about the most important one, I think that will be the confidence.

Your mind plays a key role when it comes to that of the making of money as it is your mind which can help you in making some better decisions and that without using your mind efficiently, it gets very much difficult for you to handle the situation in the best possible way and that you need to do the things in a way which can then help you in having some better results. Do not over stress yourself and that stay active all the time.

Exactly confidence and emotion play a vital role in winning or losing of a game not only in gambling but also in other games you usually play in your life because both play directly with the mind of the person who plays gambling that’s why if the person is very confident and no emotions are present in him in case of gaming, then there are more chances for him to win the game.

In general, gambling creates this illusion wherein a person would continuously bet their resources regardless of the result. For example, if they win on a round they would continue gambling due to the thinking that they may win again on the next round. On the other hand, if they lost, they would still continue gambling due to the mindset of recovering back their losses- which ultimately makes their situation a lot worse.
Balance calls for the equilibrium among their decisions since they really need to control and to have self-discipline in order to know WHEN TO STOP gambling. This principle can also be used not just in gambling but in life also.


Unfortunately, it is easier said than done. Most gamblers fail to realize and experience the reality behind their decisions whenever they gamble. Their mental capacity clouds their rational decision as they are stuck in this loop, hoping that gambling may help them financially but in reality- only makes their situation worse. People who experience such need to be supported and helped by relatives and family members so that he/she can cope from this dilemma.

True mate. I believe that our ming is more powerful than our body. What our mind is thinking would definitely takes control of what will happen in the end. That is why if we do something big like if we want to go to a casino or even in online games, we should always think positive and always think that this is our lucky day. Positive thinking can help us with our strategy in life not just in gambling. I have been there and done that and honestly it really works for me.

This is really true, people who are going through this mental responses is due to loss of control to itself, many people feel this whenever they lose money due to gambling and other ways that make them lose their money. Especially in gambling, whenever you lose you always feel or believe that you will gonna win and keep betting even though you already have lost a lot of money and thinking that you still win.

that often makes the gambler to lose a lot of money is being too quick to take decisions and always doubling bet every he accepted defeat and too rely on emotion without positive thinking.

And also more like to get the money that they lost back.
I've seen tons of people doing this. And instead of making it back, they will just keep loosing.
Really crazy, but it is what it is. Tho.

Right, and if you think that you are mentally tough and have the correct mindset before entering a casino, then you are wrong. Because one you are loosing, everything changes, and the more you want to quit and just go home and not chase your losses, the more you are suckered it.

I don't know about positive thinking though, it is still based on pure luck and for me no amount of positive thinking will change the roll of the dice or the outcome of the game.

You just have to be prepared for the worst when you enter thee gambling world. Most of the time it breaks people and we know what the worst thing that can happen to us.

fatigue and emotion how it can happen because the defeat of the emotions want to continue to gamble so that the lost money can come back again but in fact defeat continues until the emotions can not be controlled again.

People like you will only make gamblers lives worse. If they dont accept the loss then they are going to suffer from the future losses. There is no "Win" or "Defeat" in gambling. It would have been if the odds were not against the player like any other game like soccer, tennis. If you are going to play on a game where you are bound to lose why bother about defeat? You will b defeated eventually and so its better just to stop early.


Emotions need to be controlled. Its the basic need of gamblers to be able to get rid of their addiction.

This is the reason why emotions should be controlled when it comes to gambling and if you can't control it then better not gamble at all but we know this is not the case especially for the gamblers who are getting addicted to gambling and more often than not, they are not objective anymore when they gamble as they are controlled by their emotions that's why their response to losing is often negative which may result to more losses. You can only avoid losing more money in gambling when you are in control of your emotions.

Martingale strategy is ideal because it makes you get back what you lose with just one win but it is very risky too that's why what actually happens when someone use this strategy is losing his capital in one swoop since the more he lose, the bigger the bet he needs to get it all back and there are times when you are just unlucky.

what he needs is only a luck factor to get his money back but unfortunately, he cannot get his luck work beside him because no one will know when the luck will come and stay with us. and if you are using emotion only in the gambling games, then you are going to lose all of your money without stopping the games and I think it's not take a longer time to lose that money. be careful when you doubling your bet because you can lose more money and it is difficult to accept our loss.

To avoid all of those negative mental responses it's necessary to decide why do you gamble in the first place. If you think that you can improve your financial situation with gambling, that is definitely a wrong approach. Before starting playing you should think something like: "Okay, I will lose this money most likely, but at least I'll have some fun". You should never expect winning. On the contrary, expect the unexpected in the bad sense of the word. I play poker and I know that I may lose with a Full House to someone with Four of a Kind. And I can't do anything about that. If I have a Full House then there's always an option that someone has a Four of a Kind. It's very rare but it might happen and that's why we have to be prepared. If you are not ready to accept your losses you shouldn't even start playing.

Your mind is the most important part of your body and that it is the part which controls rest of your body. You need to be sure that you are making the best possible use of your mind and that you are making the right decision at the right time. the moment you will lose control over your mind, there will be nothing left in your hands and that you will be responsible for all the losses which you will then suffer.

Sometimes we are very confident when we found a tipster that has the most accurate predictions. But we can't remember that not all the time is an holiday.

This is true, what goes up must come down so don't be too encouraged and optimistic when you are on the tip of your winning streak.

Human brain is no doubt one of the most important component of the human body and that the ones who exactly know how to make the best possible use of the brain are the ones who are making lot of money and are amongst the world’s wealthiest persons. You can also be one of them but for that you need to make the best possible use of this thing so that you may also get what you want in your life.

Imo human brain is the most important component of the human body and we should treat it accordingly. I mean if we eat a lot of sweets we damage our teeth but we still can live with that. But if damage our brain by watching stupid TV shows or by reading incompetent information on the internet we become walking dead, suffering ourselves and making others suffer. The notion that the richest people are also the smartest ones has been imposed by those incompetent sources of information and has nothing to do with reality.

It was discussed here on bitcointalk in relation to a recent research which came to conclusion that the richest people are not smart but rather lucky, and I was arguing there that in fact they are neither smart nor lucky ... but that's another story. In short, smart people are not necessarily rich and they don't necessarily want to be rich either. And if you are like one of them, you will not struggle to make money with gambling and thus you will not have those Mental Responses That Make You Lose Money from the OP.

Without brain, our body won’t even know what to do. It is the most important part of body as it keeps other functioning too in the proper way. We cannot think without this and now that we can think, then how come gamblers don’t use this gift for knowing the reality of this game? any logical person can tell rather even a very basic common sense indicates that a game which outcomes depend only on luck can never be won by thinking positively or whatsoever way.

Following tipsters does not mean you are in profit every-time. They are paid by the bookies to make such bets and they simply do as they are instructed to do. Does not mean they are always using their analysis to win. You should rather do some own research before placing any bets.

Not if you cash out before the bad things happen. If you have the habit of wasting money in gambling then you should withdraw before you lose once you win something big and dont ever return.

Nothing is predictable. The future is all about a mystery that can’t be solved. Even if some time machine is built and you are just checking that as well to see what is going to happen, you can’t just do that. in gambling, you already know that you would be having losses sometimes and win sometimes as well but the ratio of losses are quite healthier than that of win, so why to look for something who tell you the reality?

Yeah, I'd say that's a deadly attitude to have in any aspect of your life and when you're gambling and just don't care anymore...hope you don't have a family to support.

I've been guilty of the false sense of being an expert before, not in a casino but in the stock market--and the market showed me real quick that none of that matters for the little guy.  It's probably even worse when you're on the dice sites or playing poker and you have the adrenaline and dopamine pumping.

I get tripped up by
every time, because it seems so logical when you're down and when (in the market) it seems like things couldn't go down more than they have.  That's not true, though.  You can keep rolling 7s for way longer than you'd think possible. 

What most of this comes down to is being illogical when you're wagering, and a lot of gamblers tend to do this throughout their lives.  Casinos thrive on this.

That is only some of the many responses that will make you suffer in playing gambling. There is no good thing about gambling, that is why I'm wondering how other people are having a hard time leaving gambling, yes we could be addicted but if we are mature enough to accept our lose, then quitting is no big deal, our mindset should be "I lost, that is fine, gambling is not the only way to earn money" something like that for us to avoid losing too much.

The belief in "chasing" will cause a punter to crash and burn faster than they would think.
I've seen people "chase" at the end of a long night, only to end up losing even more than if they were to sit it out until the next day.
The problem is that we are made to believe that we can upside the books, when in reality it's a very select few that come up ahead.

No doubt in this. But what if someone wants to kill himself, does he should be using the best aspects of his mind and plan so fantastically using the efficiency of his mind to kill himself? No, definitely no. we have to stop him and he must be stopping himself too. Likewise, in gambling, this is just a story of killing yourself financially and then let yourself engaged in how to use your mind efficiently.

The raising stakes one is definitely one a lot of people fall victim to. I have even been a victim myself numerous times over the year, e.g. I'll just keep doubling up until eventually I win.... Until I get an unlucky streak and lose a lot of money. People need to understand statistics, they assume that they are the only score that matters, when in reality they are part of a cohort of people which constitutes the average. Just because extraordinary events seem unlikely to a single person, across a cohort it is quite possible, and the more times you double up, the more chance you're going to get screwed.

That is the martingale strategy ;D. I fell for it when I used to gamble, got so comfortable with it that I will just let it keep rolling until one day when I realized the house edge will always win when those long streak of losses comes. This is a game of chance and sometimes, we always get to forget that all in the name of thinking we have arrived with some strategy and then we just lose everything at the end.

The worst thing that can ever happen to any gambler is things working out pretty fine from the start, getting so comfortable, and falling straight into that trap.

If only the mindset of all gamblers will be just like that,then we cannot expect to see addicted gamblers that are almost ruining their own lives.But due to some greediness of gamblers,they forget that gambling is just made for fun and entertainment,and it should not be a means of living.Once they experience loss,they will try to regain it not knowing that this will lead to a more losses in him.

The 2 mistakes that I use to make were: 1. Upping the wager and 2. Chasing losses. I'm glad that I very rarely gamble now.

This is why there are morals and values. Even while the capacity of the brain allows one to make intelligent decisions, it is a person’s morals and values which will guide their decisions. An intelligent person may be capable of coming up with an elaborate plan to kill one’s self (or another person?) but it is their morality that will stop them if they value life. Same goes for gambling since there are those who view it as evil.

Rule 3
Yes, the problem is when it happen as historical graph become useful because it's has similiar pattern

Rule 4
I'm using martingale because I want to cover my loss so as long as I can afford to loss, it won't be any problem

Along with other mental responses you have mentioned this one  is the main reason why many of us are losing money, over confidence is our greatest enemy which can ruin ability and skills.
Believe in yourself but don't ever think that you are an expert or anything like that.

If you consider all such cases and considerations in gambling, people you are going on a wrong track. Believe me this wouldn’t be helping you out. Find some good income source where you can earn freely and where there are more chances of winning than losing. Don’t just make your lives destructed. Think over your decisions and make better choices as your lives are so important for your families.

Right, finding a real job is more reliable than doing gambling over and over again. People took risk when they still play even if they lose all the time, they usually think that how much they loss will be covered once they win. I always believe that no profit can be gained from playing gambling, that there will be more losses that wins.

Gamblers should know when to stop, especially to stop if gambling is not doing any good to them. I think this is the number one problem with them, they still gamble even if they have loss so many times already.

raising bets does not always make us lose money .. let alone we have and unlimited with big bet bets ,, I think it will be profitable in the long run .. especially if we gamble in casino roullete .. with some strategies that have been in stacking with mature, I think it will grow victory

You can only help those who are willing to get help as it is the same way on how you can only be able to stop someone from getting himself killed one time as you cannot be there every time. Aversion to losses is the main thing that has made a lot of gamblers set them-selves on fire unknowingly with the mindset of winning as long as they keep trying.

Some will even try to get strategies, get comfortable with it until they see how days of winning and comfort can turn to few minutes of losses, emotion and more loss.

You can believe in yourself to be an expert in everything except gambling or any other luck based games. Because of the EV- nature of gambling and sometimes EV+ games as well, nobody can be 100% sure that the match will be in their favor. Its all a 50-50 chance and if you want to risk the chance then you should consider that money as gone, if it returns then you are lucky.


Raising the bet only makes the person lose more money - because in the end the house will always win. ::)

keep in mind that not all gambling games are only based on luck because there are also gambling games that is mainly based on pure skills. therfor believeing in your self that you can win it is always beneficial because that can boose your self confidence and self esteem.

raising bets wont also lead to more looses because as what ive said earlier , not all gambling games are based on luck. you can still win huge profit if you only play gambling that is based on skills. some other wise gamblers do also won big profits no matter what type of gamling they are playing (whether it is skill or luck based ) because they know what their doing. they do stop betting at a certain point so that they can already secure their winnings.

Well the possibilities aren't always 50/50 though. Yeahbl it doesn't always end up in losses but excessive betting will most likely drain you of your funds more than catching up with your previous losses

I think most of all , what makes you loose your money is the lack of confidence in what you're doing or the lack of experience in what you're doing because someone who's gambling for the 1st times on a certain game won't either have the needed experience to correctly predict what's happening or make accurate speculations nor the confidence to know what he's doing is right . So people should really avoid doing such mistakes in order to cut down their losses before they even take place .

How do they gain experience on gambling if they don't make that first bet. It's about time some of you realize that experience comes with price and they must attain them, by loosing something and such way to me is not loosing your money because you have learnt some thing for them and that is different from loosing out in hardcore gambling.

Thats how it goes and even early results are just good it can turn out bad anytime or in instant which isnt surprising or somehow a thing should anticipated.Players or gamblers do have fixed minds towards gambling if they would pursue even they do know the risk then its their choice and later on they would realize and regret when they do already face non good consequences. Some might recover thru addiction and some would still remain until they would fucked up their own lives.

Chasing losses this is what I would say 60% of the people would be playing for as everybody wants to make quick money and gambling seems to be one of the option for this people so they want to make money and if lost they will play more to recover those money too.

False expert belief can be one of the reason for which we are losing money in gambling but for me the main reason for which we are losing money in gambling and will lose money in future also because that reason lies in our nature and we can get control over it but can’t uproot it. This reason is the greed present in the nature from the birth.

Excessive gambling will trigger your mind and emotion which will cause you not to stop gambling. And when it does, you'll lose money and there's no guarantee that you can recover it that quick.

It is called martingale and you are absolutely right here. Actually, it is extremely tempting to use this strategy because it works most of the time and for the same reason it is extremely dangerous. You can increase your balance 10 times with it, but when you lose, you lose it all and your balance becomes zero. One might think "Okay, I'll just double my balance and withdraw immediately", but there's a big NO to that. The thing is that with martingale you can lose everything before managing to get any profit, let alone doubling your bankroll. I personally lost a lot in the past to martingale on dice, but this strategy is so tempting that I still use it from time to time, but not with the purpose of earning money of course. I don't gamble in order to earn money, that would be suicide.

Raising bets can make you lose a lot most especially when you rely so much on it and the long streak of losses come and you are there battling with increasing or doubling the betting amount or not. As you keep increasing, you keep setting yourself on more fire and the likelihood of you not getting burned completely is just going to be determined by how lucky you just ended up turning out to be eventually.

The best is just to have a limit and never expect too much from gambling and that will always help to set those bullshit mental responses straight.

One should gamble if he know how to control himself and his emotions. There are many mental and psychological problems that can arise from bitcoin if a person gamble more than need. Yes, gambling has some advantages but in majority cases it become a curse for its players because they fail in controlling themselves and completely destroy themselves.

If you think ,you are going to lose a game.It will reduce you confidence level and finally ,you will lose your money.If you win in certain game,you may lose in next game.And luck favor major role in the gambling.Not any statics is available to win a game.Purely it's based on your luck.

Right.So do not gamble if you think you're not having a good mood that time because it won't really attract that pure luck.But if you just gamble because you want to have fun,then much better than gambling just to earn profits because most of the time you will be disappointed with the gambling results.

Is gambling not enough to make you lose money? Because if your mind responds to gambling as a source of income then you are subject for more losses than gaining out of it.

Yeah, as long as you can afford to lose, the rest is just going to be history.
Martingale has always been the most popular strategy when it comes to the game of luck but sometimes the long streak of losses may get you hanging in the middle of deciding whether to try it one more time or to just take the loss and walk away which the former is always the decision a lot of gambler always tend towards while trying to fight the impulse to go further unless you are highly disciplined and ended up sticking to a limit.

And you know this one is the biggest of everything that you say, okay I will double that up in next game. Hundreds of people have tried this and this is natural as per human nature. But people don’t know how badly it is just ready to get you poisoned. Better is to leave such game where you win is even bad for you and making you more greedy. Do it for your own good.

the negative effects that occur are usually a factor of defeat that is very much or lose consecutive and emotion uncontrollable so that at the time of play you will only get defeat again.

Reduction in confidence level wont matter to a addicted gambler because they have become resistant to it and they wont lose confidence. Which is of course a false sense of confidence instilled into the addicted ones only.

Luck does not favour anyone. Luck is what determines the outcome. If we were to say that luck favours the casino then the casino would be having an advantage over the players. All the rolls are fair but the casino does have the house edge.

This is absolutely correct but then people are addicted and have fun in gambling hence they play.

It might not have to do anything or much with mental stuff as it is the basic like in gambling the existence of it because the owner of the casino or site will be making money and so still it exists or else they would be bankrupt if people start winning it. And when some of them win are you that lucky that out of thousand you will be one to win.

Those factors are things that should be considered even before one places his first penny on the table. And you're right, a lot of people also get that feeling that they're invincible especially when they win one or two times, prompting them to feel lucky and start betting a lot more.

I know that gamblers tend to think that they can do it over and over again. It's something I have experienced in when I was gambling. It was a lot of fun and I just love to continue with it. It's the feeling that makes me want to play more. Assuming that you have more balance to use, then just go for it. It's just that addiction can come anytime and especially if you received that winning "high" moment.

Yes that is true, when I was very addicted in gambling even I loss straight in a row I always push myself to keep on playing, the greediness I felt to win and the eagerness to get back what I've loss lead me to a very bad situation that is why now I hardly try to control myself not be addicted in gambling again.

then we need to stay away from gambling don't spend much time at the gambling site because we can lose more money. the point is we need to manage our mind and don't think about gambling and do another thing that can help us to forget about gambling. and if we can do this for every day without stop, then I think we can leave gambling forever without any chance to come back to the gambling games.

beliefs, schemes, and patterns in gambling are indeed closely related to each other because it is not as easy to play gambling as we imagine. Playing gambling a gambler who does earn a living from gambling with people who play gambling just for fun will have different patterns and schemes depending on the targets they are achieving.

I definetly agree that there is only ONE problem with it. Greed is answer to all these 5 responses. If you have aversion to loss, thats because you are greedy and aim for the profits. If you think you are expert but not, you are greedy and think you are good enough to be rich.

If you believe losing means the winning is about to start, that means you are greedy for the odds to change all of a sudden. If you raise the stakes, that means you are greedy enough to make your losses quicker but in your mind you think you are going to win more. I have no idea about the bandwagon one tho :D lol.

Thats why the loss in gambling is the fault of the player and not the casino. Nobody forced the person to gamble. They did so in their own free will and hence there is no legal implication of this as well. But still there are people who start complaining when they lose money in gambling.

They think they are at the top of the world and nothing can beat then since they won some big rolls. But they forget that the green streaks are temporary and they will get busted soon.

This was the plan and now it has been executed in this case. This has been following up since long and long times. This gambling isn’t invented in this modern era rather it has been running and ruining up the lives of people for an extended numerous years. Think before what you are do and same happens here. You must know what it is. I believe you wouldn’t be going for it then.

Mainly those people are real heroes. They are playing it so clever. They don’t let you win but they win themselves. All your profits and losses are getting to them the best victory that can ever made or have. They show you best offers and fascinating packages and you see them and you become addict to this gambling thing by playing in here again and again but ultimate loss is for you.

You can teach the people moral science for those who dont want to med their ways. People do try to help their friends who are addicted gamblers but they wont be able to any change unless the person themself takes the matter in their own hands and stop gambling. If the person is addicted they will gamble, there is no stopping it. That temptation to win the jackpot with their luck will make them roll continuously till they bust again.

However there are people who have recovered from such addicted ways.

That belief that you are good at it and there is no way your strategy will not keep working for you is one of the main ways some gamblers have fucked up their own minds and totally gotten so dip into gambling that they end up addicted.
This is one mental response that fuels other form of mental response like just one more go at it could make the difference until the one more go at it turns to many and losing even bigger since you keep increasing the betting amount in each case.

These five things can not be separated from the game of gambling, all depends on the control of emotions and luck. Numbers 2 and 4 are very decisive, if you can set the right moment the big victory is in your hands. But again gambling can not be separated from luck.

I'm not sure and I also don't feel the five things are embedded in every gambler, I'm only sure that the fourth place in the OP is "Increasing Betting" and the rest I'm sure not all gamblers do it. We can categorize this bet as mental from greed because it has suffered a big loss, and to quickly restore the situation we must dare to increase the bet even though not 100% we will get a victory and only more losses will be received, because emotions that cannot be controlled properly.

In simple words if you can't control over emotions being greedy while gambling then you will lose your money right?

But yeah it is pretty hard for the people who are doing gambling for the sake of money so let the gambling for it supposed to be not for making the millionaire.

Greedy is a factor that will keep us active in gambling habits. When we are lucky to get profit, we tend to try to make the other profits. While we lose, we will try to pursue our defeat. These two things will usually keep us in the circle of gambling.

Looking back at my past gambling habits, my worst mistake was to chase my losses and increase the wager to make up for whatever money I've previously lost. Now, I simply set a limit to how much I'm willing to lose, and if I lose it, I walk away.

Most of the time whenever I am gambling I always seems to rise the amount that I am gambling so that I can recoup the losses that I have made and they never seem to work out for me.

True and its also true for all risk based reward systems. For example in trading and binary options the site will capitalize on your frustration and greed. Its how they will make money and you have fight it.

Some people think they can beat the house - but thats fake confidence without using logic. If they would be rational in their decisions they would not gamble to be a millionaire. There are other ways of becoming rich but gambling for most will be a waste of time and money if they cant control themselves.

It is good that you have admitted your mistake and learnt from your past mistake. Going forward you will be more careful and as a result you have started setting the limit. Also do take care that this setting of limit always remain as many times people again get in flow of money and start betting without much thinking and lose all of their money.

No, those two things, you've mentioned, make gambling addicts out of us, but most gamblers are not addicts. Basically what you said contradicts the statistics, according to which only up to 5% of gamblers have a gambling problem of a kind. It is very important to know the facts because otherwise we can end up in a society judging by stereotypes (aren't we there already?). It is because of such way of thinking gamblers for many people are automatically associated with gambling addicts although it is not true in 95% of cases.