Why do we lose at gambling?

[MCobian]

I am sure all gamblers have experienced losses when playing gambling, losing in gambling is a common thing. Because indeed the casino system is
made for gamblers who often suffer losses. So don't worry too much, as long as we use the money that we can afford to lose. In my opinion, there is
no need to stress if we experience losses when playing gambling. Because it is best to play gambling only as entertainment, and don't make gambling
a source of income.

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[FlightyPouch]

Chasing losses is my main guy here. I don't know that the term for the strategy I am using is Martingale and I thought I would be able to take back my losses but that also came with a huge risk. We have these betting systems that we use but if you are playing games that entirely rely on luck, better not hope you'll get much of your money that you lost.

[qwertyup23]

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.

I reckon that I mentioned this to struggling gambling players about the cycle of winning/losing.

The problem with a winning/losing streak in gambling is it creates this illusion that a player must continue in order to win more or to recover his/her losses. In such circumstance, the player risks again himself and believes the fact that he may win again or recover his losses. However, the more you gamble, the more you increase the chances of putting yourself at this kind of cycle.

Gambling must be paired with discipline and self-control. The more you gamble with the mindset of recovering your losses, the result will most likely be you, losing more than what you expected.

[jaberwock]

this was posted on reddit by u/jmotrain.

I agree with everything he says and thought it would be very helpful for fellow degens here. Thoughts?

Well, I agree with most of the points but I am never too concerned with losing at gambling because its just a form of pure entertainment for me and its like asking someone who love watching movies, why do we lose money when we buy movie tickets? Its obvious these platforms are made to entertain us and yeah we can win but the overall outcome is quite obvious and that is why there is a house edge.

Chasing losses is something we do when we lost more than we expected or initially thought we would so my advice would be to just deposit what you are absolutely happy losing and in case you lose, just remember you meant to lose it and move on.

[madnessteat]

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

What is the remedy? Self control. And setting 10% profit computed in your bank roll is easy to achieve if we aren't that greedy.

The idea is that gambling is a zero-sum game and if someone is winning money, then someone is losing it. Every gambling game is built so that the casino will never lose and that is why in most cases the person who comes to the casino leaves with nothing. As you correctly noted winning will only help self-control and knowledge of game theory.

[DarkDays]

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.

I agree. I think there are lots of people like you and me who just keep going in the hope to recoup the loses. Clearly, this is not a very productive way and it is. better to just move on with a fresh and calm mind.

This is why I agree with the OP that gambling should be taken as something to pass time and have fun with, reasons such as to get rich isn't not going to end in the way you want. So, yeah, all the 7 points are right on!

[cabron]

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.

I agree. I think there are lots of people like you and me who just keep going in the hope to recoup the loses. Clearly, this is not a very productive way and it is. better to just move on with a fresh and calm mind.

This is why I agree with the OP that gambling should be taken as something to pass time and have fun with, reasons such as to get rich isn't not going to end in the way you want. So, yeah, all the 7 points are right on!

Even if you take it as a way to kill time, you will still be losing money if you experience the losing streak which everybody does. Users who say they are only using TRX to gamble often thought of just Rolling the dice like maniacs never noticing how much they've lost actually. They think they are passing time but still chases the loss until 50K TRX gone on their wallet.  There is no quitting after that so why do we lose? Because we gamble.

[ScamViruS]

Lose in gambling will always be a part of it to all players who will enter into this platform whether online or land based gambling. And moreover, whether you are  greed type of gamblers or not We can always face loss every time you attempt to play in it,just like that.

In gambling, there are winners as well as losers. You can't keep your winning fund with you until you can control your greed. Loss is involved in everything but those who can control themselves from this loss can get good results everywhere. I myself have won many gambling games but due to my greed that winning money has ended up being lost. The gambler who can control his greed can win a lot of money while gambling. It doesn't matter which platform he is playing on.

[Renampun]

The hardest thing that the average loser faces are their greed...
gamblers who lose on average when playing gambling must have gotten a 'winning time' when gambling but when their greed is stronger than their logic then all they do is continue gambling. stopping when winning is the best moment and opportunity to feel profitable.

[Twentyonepaylots]

Losing is just the way gambling works, if you're not alosing, is it really gambling? At some point in your run you'll encounter losses, heck maybe a lot of them too. But if you realize that it is not about winning more but is about controlling yourself to lose less games, you'll start to see the difference. Not losing is winning, so if you keep your losses in check, perhaps through self-control or whatnot, best believe you'll be getting the dough!

[Quidat]

It wont be called gambling if someone wont able to lose because when we do mention or do talk about winning then theres always the other side which is losing.
Gambling is a business and they wont really be making out one if they wont able to make profits and of course there are lots of factors that would affect someones
winning rate or chances. Those things above are pretty common or which been really experienced by most specially that chasing losses behavior.
Everytime we do get engaged or do play gambling then its really hard to ignore that we wont really get affected on losing bets.Money is valuable and its just
normal for us to reach on that time but dont go overboard because if you do let yourself to lose control then you would definitely be losing up even more.