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Author Topic: Why do we lose at gambling?  (Read 334 times)
bitzizzix
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February 16, 2021, 01:11:13 AM
 #21

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.

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February 16, 2021, 01:23:48 AM
 #22

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.

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.
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February 16, 2021, 01:24:24 AM
 #23

Quote
    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.

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February 16, 2021, 01:27:02 AM
Last edit: February 16, 2021, 03:11:57 AM by rhomelmabini
 #24

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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February 16, 2021, 01:32:37 AM
 #25

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.

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February 16, 2021, 01:42:23 AM
 #26

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.

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.
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February 16, 2021, 02:05:26 AM
 #27

Parlays.
I really love them. It increases a huge amount of the winning prize for even a low budget bet.  Grin
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.
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February 16, 2021, 02:49:00 AM
 #28

"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 ,
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
how to control self in gambling.

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February 16, 2021, 02:59:44 AM
 #29

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 .
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February 16, 2021, 03:03:59 AM
 #30

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.

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February 16, 2021, 03:38:40 AM
 #31

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.

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February 16, 2021, 04:26:12 AM
 #32

The biggest hurdle in playing is to keep your mind set no matter what the situation the only way to win is to enjoy the game in the past, betting was seen as a form of general entertainment but quickly it became a regular gamble millions of rupees are gambled in a few villages centered on a bullfight. There is a class of people in its management at first it was an instant arrangement but gradually it turned into organized gambling. That's why you have to go ahead with everything that is gambling.
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February 16, 2021, 04:30:24 AM
 #33

Four of these in the list applies to me Cheesy I'm still trying to improve daily.

But the most proper answer, besides our weak mind, is that the odds are against us, and in the long run, we are doomed to lose.

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February 16, 2021, 04:46:43 AM
 #34

So far the most problem I encounter was "bankroll management" and "chasing losses" it's the most common thing do happen when I am losing at gambling. To be honest, these two can be summarize as greed and that's all there is to it. Though this is manageable but psychologically I think it's sometimes unavoidable when you caught up on it, it's like you get into an addiction.
Back when I was still a regular in some gambling houses, chasing losses is my biggest problem although those days were already bad so it translates into my games which is not good for me. One thing that OP forgot about why we lose at gambling is because it is gambling which is by definition playing to win with uncertain income.

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February 16, 2021, 04:54:32 AM
 #35

Quote
Betting for Action: Not every event is profitable so you need to pick your spots. I love the Blazers but I will not bet them if I don't think the bet is +EV. Only bet after you have done your research and feel it is a good bet. Don't bet just because something is on.
I think this is an acceptable Loss because at least you bet on your Love team/player , this will take as a risked betting that if you win then double the fun because your team win and you also gain, but if you lose then it is a single one in that is sadness for your loved team.
Quote
    Chasing losses: This is the worst one for me personally. When I lose, I tilt (goes for poker too). You cannot win chasing losses where you bet because you are pissed and want to get your money back. You can get your money back but it might take a couple days or even a week. The old cliche is true, this is a marathon and not a sprint. Don't tilt.
I always fall from this because i am the type of person that don't wanna accept defeat that easy, i always look for a chance to recover of take at least even and same  learning from my past experiences , now i know that this is not a way how to deal in gambling and i'm teaching my self to control the eagerness and let lose a day than lose everything .









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February 16, 2021, 05:31:42 AM
 #36

   Chasing losses: This is the worst one for me personally. When I lose, I tilt (goes for poker too). You cannot win chasing losses where you bet because you are pissed and want to get your money back. You can get your money back but it might take a couple days or even a week. The old cliche is true, this is a marathon and not a sprint. Don't tilt.
This hit me in my frailest body part.  Cheesy
Yes, it's the worst of all.
I did it in dice, sports betting or even just our local card games here in our country.

You just want to get it all back so you double the bet to get a bit of a win. That is if you win.
It's a good experience though and you will learn from it. But not on the second time. Not even in the third time.
Bad decisions filled with emotions just clouds your mind.

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February 16, 2021, 05:38:23 AM
 #37

So are you trying to fix your mistakes you made on the list to win more? It is not going to happen. No matter what "startegies" or "techniques" you use, you will always lose in the long run since the house always wins due to the house edge.
So stop thinking that you will no longer "lose" if you manage to counter the problems you have faced before. You will still lose if you keep on playing. So make sure once you make your profit (or enough loss), cashin your profits and quit.

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February 16, 2021, 06:03:49 AM
 #38

So are you trying to fix your mistakes you made on the list to win more? It is not going to happen. No matter what "startegies" or "techniques" you use, you will always lose in the long run since the house always wins due to the house edge.
You posts like you are not advertising gambling site and no idea how gambling works.

Yeah the House is indeed making Money from the gamblers but there are still wayrs to prevent losing more and that is the point of this Thread , He is not fixing about the mistakes but letting gambler to know the areas where they can possibly win over gambling.
Quote
So stop thinking that you will no longer "lose" if you manage to counter the problems you have faced before.
Have you read the thread? or just a BS title ? who says you will never lose? this is the problem in some advertiser now in which just posting without knowledge in thread  they are replying.
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You will still lose if you keep on playing. So make sure once you make your profit (or enough loss), cashin your profits and quit.
Quit? or you mean stop for a while?
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February 16, 2021, 07:28:20 AM
 #39

Those are great advices which many experienced gamblers already know but unfortunately cannot abide by those let’s say boundaries.I am one of them and the reason I can’t follow the advices here is because I want to feel the adrenaline of slot machines and luck based games which you can’t if you abide by those boundaries.

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February 16, 2021, 10:14:45 AM
 #40

We have different reasons why we lose. But I ended losing always because of my greediness. Yes, we are winning but we wanted to win more. Ending? Lose all funds.  Grin that's the reality.
Although, huge bank roll is an advantage but we can't really beat the house and they always win. And strategies doesn't last long, too. You win at first but rage bets always there and beat you up.

What is the remedy? Self control. And setting 10% profit computed in your bank roll is easy to achieve if we aren't that greedy.
All your comments are true, but gamblers that are losing still have one thing connected to them which is not greed. Some people are not greedy, like me I am not greedy but I still lose. I was losing until I total realized gambling is not a profession. I thought I can make it in life if I am gambling, but it only brought wrath upon me. Gambling should never be a profession, or bad mindset will set in even without the person knowing until he lose again, then blaming himself. Gambling should just be for fun, for entertainment, not even thinking to win but to have fun with quality predictions. Because the professional ones can lose while the outcome would have the better odds. Anything can just happen in gambling. I bet with low amount of money, I remember when I predict the correct scores and I won it, all because I use low amount that I did not even care to lose, but yet win.

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