5 Mental Responses That Will Make You Lose Money

[Betwrong]

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.

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.

[rickadone]

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

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.

[TheGreatPython]

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.

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.

[bitcad4u]

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.

[Finestream]

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.

[imsotiredofmoviereboots]

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.

[raven7886]

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

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.

[ricardobs]

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.

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.

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.

[Tigorss]

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.

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.

[TheUltraElite]

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.

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.

And luck favor major role in the gambling.Not any statics is available to win a game.Purely it's based on your luck.

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.

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.

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

[reliable]

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.

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.

[gabmen]

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.

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.

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.

[crwth]

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.

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.

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.

[changcloy]

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.

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.

[ethereumhunter]

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.

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.

[Ferris419]

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.

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.

[Freshmen]

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 lol.

[TheUltraElite]

Those factors are things that should be considered even before one places his first penny on the table.

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.

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.

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.

[stepwilli]

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.

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.

And luck favor major role in the gambling.Not any statics is available to win a game.Purely it's based on your luck.

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.

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.

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

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.

[Osarman]

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.

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.

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.