5 Mental Responses That Will Make You Lose Money

[krach]

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/

[sheenshane]

1 – Aversion to Loss

2. False Expert Belief

3. What Goes Up Must Come Down

4. Raising Stakes

5. Bandwagon Effect

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.

[mostkey]

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/

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

[Don Pedro Dinero]

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.

[pixie85]

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
A very good article, people should be aware of this before they start playing.

[Hydrogen]

5 Mental Responses That Will Make You Lose Money

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.

[Cacingkemi]

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.

[Juggy777]

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.

[NeuroticFish]

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

[BlockEye]

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/

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

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.

[Granxis]

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.

[Kprawn]

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?

[mostkey]

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/

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

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.

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

[avikz]

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/

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

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.

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?

[harizen]

5. Bandwagon Effect

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.

[tabas]

5. Bandwagon Effect

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.

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.

True.

[Lionidas]

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.

[AjithBtc]

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.

[stomachgrowls]

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/

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

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.

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?

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.

[Finestream]

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.

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.