The Paradox of Gambling behavior

[AmoreJaz]

snip

But unfortunately, many of us don't want to learn to stop immediately after winning but decide to keep playing. They will see what happens after they lose and have no more money in their balance. That's when they will regret it but unfortunately, they won't be able to get their money back. Even if they could, they would have to use other money to get back into the game but that doesn't guarantee they will win their money back or even recover their money back.

i guess we are guilty also of such attitude at one point in our gambling life. so more then likely, most of us know that kind of feeling. it is indeed up to the gambler to what extent he will follow his desires. but to avoid losing what you have, you better make up your mind before it is too late. using someone else's money for gambling is a no no for me. but for those who do that, they will learn their lessons quick.

[robelneo]

snip

But unfortunately, many of us don't want to learn to stop immediately after winning but decide to keep playing. They will see what happens after they lose and have no more money in their balance. That's when they will regret it but unfortunately, they won't be able to get their money back. Even if they could, they would have to use other money to get back into the game but that doesn't guarantee they will win their money back or even recover their money back.

i guess we are guilty also of such attitude at one point in our gambling life. so more then likely, most of us know that kind of feeling. it is indeed up to the gambler to what extent he will follow his desires.

All of us do, we are just humans and always tempted to go further, thinking this could be a different outcome, I have different outcomes where I won a lot but this is rare, you cannot put your trust in fate and hope will favor you.

You have to put your fate on yourself stop when it's the right time to stop and only play with money that you can lose, we have on a thread about our fellow member who lose hard earn money allocated to pay his debts, and this is a hard pill to swallow.

[Viscore]

Do you do it for winning?

of course winning is the most important, but when it comes gamble we should accept the fact that it's always a game of luck, wherein no one can really tell  the results afterwards.

And that's why i choose to gamble sports because even sometimes my favourite teams didn't win, at least i'm satisfied on the game and no regrets on my decisions. Lol

No one gets to gamble for the loss, of course we all hope for the win. But since in gambling the house has always an advantage and they always win, so we can't expect chances of winning all the time. Especially that gambling is based on pure luck, so if it turns out that we don't have the luck that time we gamble, then losing is very possible.

Well, i mostly gamble in sports too, though i did not win all the time, but the fact that we get to see our favorite teams, we also got to enjoy the game. Gambling i believe is made to entertain us, not totally for money matters, but if we wins, i guess its a bonus.

[Slow death]

Do you do it for winning?

of course winning is the most important, but when it comes gamble we should accept the fact that it's always a game of luck, wherein no one can really tell  the results afterwards.

And that's why i choose to gamble sports because even sometimes my favourite teams didn't win, at least i'm satisfied on the game and no regrets on my decisions. Lol

No one gets to gamble for the loss, of course we all hope for the win. But since in gambling the house has always an advantage and they always win, so we can't expect chances of winning all the time. Especially that gambling is based on pure luck, so if it turns out that we don't have the luck that time we gamble, then losing is very possible.

Well, i mostly gamble in sports too, though i did not win all the time, but the fact that we get to see our favorite teams, we also got to enjoy the game. Gambling i believe is made to entertain us, not totally for money matters, but if we wins, i guess its a bonus.

At first, when I entered sports betting, I asked myself:

What am I doing here? what is my objective in sports betting, to have fun or make a profit?

after a long time I realized that a person needs to choose a side to be able to move forward, if a person chooses profit then he will need to study hard to have mastery of himself and develop a strategy to profit in the long term, if the person chooses the fun so you will need to make bets counting that you will always lose, you cannot expect to make a profit.

[carlfebz2]

snip

But unfortunately, many of us don't want to learn to stop immediately after winning but decide to keep playing. They will see what happens after they lose and have no more money in their balance. That's when they will regret it but unfortunately, they won't be able to get their money back. Even if they could, they would have to use other money to get back into the game but that doesn't guarantee they will win their money back or even recover their money back.

i guess we are guilty also of such attitude at one point in our gambling life. so more then likely, most of us know that kind of feeling. it is indeed up to the gambler to what extent he will follow his desires.

All of us do, we are just humans and always tempted to go further, thinking this could be a different outcome, I have different outcomes where I won a lot but this is rare, you cannot put your trust in fate and hope will favor you.

You have to put your fate on yourself stop when it's the right time to stop and only play with money that you can lose, we have on a thread about our fellow member who lose hard earn money allocated to pay his debts, and this is a hard pill to swallow.

But most of the time it would really be always those situations where learning do came from unfortunate events which is something a very common scenario because people wont really stop on dealing into something until they've been fucked up hard and thats the time they would really be regretting that it shouldnt really be done on the first place.You would really be always having that thought
that gambling is really making you rich but on the time where reality slap into your face then you would really able to realize for yourself that this isnt how thing goes or works.

[Cryptock]

But most of the time it would really be always those situations where learning do came from unfortunate events which is something a very common scenario because people wont really stop on dealing into something until they've been fucked up hard and thats the time they would really be regretting that it shouldnt really be done on the first place.You would really be always having that thought
that gambling is really making you rich but on the time where reality slap into your face then you would really able to realize for yourself that this isnt how thing goes or works.

LOL __ I really liked the last line you stated that if things don't work well the same time you are slapped into you face and slapped really hard.
And we you wake up next morning - you realize that your hard earned is gone for good and the debt you were thinking to pay off in now double. LOL

[ipanks]

snip

Yes, I think we are indeed guilty of this but surprisingly, we continue to play gambling without having or implementing the limits that we must make to minimize losses at the gambling table. But like you said, if it's someone else's money then it's not a good decision because if we lose, we won't be able to get their money back. Everyone has desires but we also have the choice to control those desires so they don't destroy us.

[TopT3ns]

snip

Yes, I think we are indeed guilty of this but surprisingly, we continue to play gambling without having or implementing the limits that we must make to minimize losses at the gambling table. But like you said, if it's someone else's money then it's not a good decision because if we lose, we won't be able to get their money back. Everyone has desires but we also have the choice to control those desires so they don't destroy us.

Well indeed if you are like you then you can use other money that can be used to gamble from the results of the bounty campaign or whatever, but for people who do not have additional money and only use money from the results of a very tiring work it will make them feel depressed when a loss occurs, keep the conditions when gambling and don't get carried away by emotions when gambling.

[carlfebz2]

But most of the time it would really be always those situations where learning do came from unfortunate events which is something a very common scenario because people wont really stop on dealing into something until they've been fucked up hard and thats the time they would really be regretting that it shouldnt really be done on the first place.You would really be always having that thought
that gambling is really making you rich but on the time where reality slap into your face then you would really able to realize for yourself that this isnt how thing goes or works.

LOL __ I really liked the last line you stated that if things don't work well the same time you are slapped into you face and slapped really hard.
And we you wake up next morning - you realize that your hard earned is gone for good and the debt you were thinking to pay off in now double. LOL

You would really be fucking up yourself into trouble, it might not be felt on point but for sure you would be having those regrets tomorrow when you do indeed realize that you dont have money from your money to

spent or buy something just because you had already spent it yesterday.People never learns when they dont experience hardships or something like this, but it is really needed for someone to stop gambling?

You could really able to avoid it if you are really that mindful in regarding with your actions and making priorities too.

[ipanks]

snip

For people who don't have extra money, it's better that they don't gamble because that will give us more trouble. We have the choice not to gamble but we often imagine that by gambling we will have the opportunity to earn money from winning the game and that is not quite right because we will never know when we will win. We should be able to realize this and not have to force ourselves to gamble if we don't have extra money.

[jrrsparkles]

snip

For people who don't have extra money, it's better that they don't gamble because that will give us more trouble. We have the choice not to gamble but we often imagine that by gambling we will have the opportunity to earn money from winning the game and that is not quite right because we will never know when we will win. We should be able to realize this and not have to force ourselves to gamble if we don't have extra money.

Gambling meant for entertainment not for investment but the greediness hide under everyone's character kicks in and force them to risk and gamble which will create negative impact for the 99% of time, gambling addiction is also another reason for people even realize the risk factor can't stop them from doing so its better limit their gambling activities from the beginning itself will save them from losing money.

[BOAEDAN]

snip

But unfortunately, many of us don't want to learn to stop immediately after winning but decide to keep playing. They will see what happens after they lose and have no more money in their balance. That's when they will regret it but unfortunately, they won't be able to get their money back. Even if they could, they would have to use other money to get back into the game but that doesn't guarantee they will win their money back or even recover their money back.

the paradox of gambler behavior, most of us are complacent and have a greedy nature, and lose control, we have won twice but we want more, and as a result we lose everything, if you can't control yourself better you don't bring more money when playing gambling, if you bring more money, of course you will not stop playing gambling.

[hahay]

If it says players or gamblers or bettors don't focus on big wins, for me it depends and we can't conclude it is for the whole. Every player has a different financial level and also, the goal in gambling itself is not always about entertainment or about increasing dopamine. There will always be moments where players expect big and even small profits depending on how much money they can afford and also, every player will always have certain games or sports that can be prioritized but for me personally is sports. Of course, I personally play with the main goal is to win, because it seems impossible when we often spend money in gambling just for entertainment. Unless you only bet on certain moments, maybe it will be something that can increase the dopamine in you.

[Fortify]

One might already understand that winning at Gambling is hard but at the end of the day we still see a lot of people increasingly interested in Gambling, this might provide an insight into the casino business and at the same time help explore the ideas 💡 in the mind of a Gambler.

One might be aware of the fact that even though the Gambler knows that he is loosing money they measure the gambling to be an effective usage of that money, a leisure activity to begin with therefore it's more concerned with the activity-than winning an idea that some problem gamblers ignore.

Source :here

In roulette type games more than 95% of the amount is usually back to the player but when we talk about lotteries it goes way below 50% which is explained by the lower levels of winners and winning as a whole despite that lottery is some of the biggest revenue collector for the government. The players usually focuses not on winning big, but most of the time the short increase of dopamine makes their money worth it ( ofc if used in moderation)

What do you think is the best game/ sports to gamble on ? Do you do it for winning? Are the ideas in the article according to you correct? How many times you usually win in a game of chance+skills?

The funny part is that most people pick up a habit within 7-10 days and the dopamine effect will probably wear off fairly soon. The only way to get it back would possibly be betting bigger amounts or trying new games. People get hooked on these games and end up playing them on autopilot but are unlikely to get much joy from it. I guess if you've got a big enough bank account and play sensibly it can work out as a "hobby" or form of entertainment.

[ethereumhunter]

The funny part is that most people pick up a habit within 7-10 days and the dopamine effect will probably wear off fairly soon. The only way to get it back would possibly be betting bigger amounts or trying new games. People get hooked on these games and end up playing them on autopilot but are unlikely to get much joy from it. I guess if you've got a big enough bank account and play sensibly it can work out as a "hobby" or form of entertainment.

I'm not sure they'll be able to make a lot of money using gambling as a means let alone using it as a hobby. Even though there are some people who can actually get big wins but that means people can follow them. The effects of addiction will not be felt for new people who start playing gambling but if they don't realize it then the addiction will get bigger and will eventually cost them all their money. If they have lost and want to get their money back then it will not be easy because their emotions will be higher just because they want to get their money back. If they didn't stop soon, their money loss would be even greater than before.

[LUCKMCFLY]

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It takes practice for some time to be able to stop immediately after benefiting from the games we play. But most people will try to double the amount of profit they have already made by playing longer but that does not guarantee they can win more profits.

Maybe it's okay if we play a round or two after getting a profit but don't increase your bet amount because it can make you lose. Being wise is very necessary when we play gambling to avoid big losses.

Yes, what you say is very true, most players always have the ability or want what they do in the game to take it as if they could do twice as much, and I think that is a wrong thought, because this is more focused on use strategies that make players lose very quickly like the martingale, which we all know is a double-edged sword, on the one hand everything can come out and you win a good pot but if everything fails, which is the most likely you will stay without anything, I think that is one of the things that should be taken into account when playing and accepting advice from other players.

[ipanks]

snip

If most gamblers knew that gambling was for entertainment and not for making money, they would not force themselves to try to win a lot of games, although some of them would try it anyway. But indeed, many people become greedy when they have won some money and want to get more money. Hopefully, they can remember the boundaries so they don't suffer a big loss.

snip

Greed is the source of losing money in gambling. If we can realize that we are lucky to win money from gambling and stop immediately after winning, we will have no other bad luck. And even though we have experienced defeat in previous games, we also immediately stop playing gambling to avoid greater money losses. If we lose, we want to get the money we lost and will continue to play and this we must realize so that we can stop immediately.

snip

It's because we have a desire to have more and that's natural. But as long as we can feel that what we've got is enough, then we won't try to get anything else and we might try another day. It does require focus if we use strategy but we must also remember that no strategy can continue to help us to win gambling games. If we can win a lot from gambling games, we recommend that you leave the gambling place before it's too late.

[Kakmakr]

If it says players or gamblers or bettors don't focus on big wins, for me it depends and we can't conclude it is for the whole. Every player has a different financial level and also, the goal in gambling itself is not always about entertainment or about increasing dopamine. There will always be moments where players expect big and even small profits depending on how much money they can afford and also, every player will always have certain games or sports that can be prioritized but for me personally is sports. Of course, I personally play with the main goal is to win, because it seems impossible when we often spend money in gambling just for entertainment. Unless you only bet on certain moments, maybe it will be something that can increase the dopamine in you.

I think gambling and the release of dopamine with every win, is similar to Bungee jumping from a bridge. The first time you do it, it gives you the ultimate rush of adrenaline and dopamine and then you do it a second time and it still feels good and you do it a third time and the rush of dopamine is still there.... but it goes down with every jump.

Slots and most games are developed to give people a BIG rush..... then it gives you small injections of dopamine with every free spin (the anticipation for the big win) and it gets less effective over time. (So they bring in new games all the time, to break the boredom)

Sport gambling gives you a double dose.... because you get the rush from the Sport activities and the extra rush from the betting on the activity. 

[Despairo]

Gambling meant for entertainment not for investment but the greediness hide under everyone's character kicks in and force them to risk and gamble which will create negative impact for the 99% of time, gambling addiction is also another reason for people even realize the risk factor can't stop them from doing so its better limit their gambling activities from the beginning itself will save them from losing money.

It's really far terminology between gambling and investment, gambling can be viewed as quick money games while investment is steady grow of your portfolio. Trading is more closer than investment since in trading you can made some profit in a day. However I really not understand how an addicts really obsessed to deposit more and more until he rekt. On my experiences when all of my bankroll wiped out, I will be sad and it will be a lesson for me to not lose it again on tomorrow.

[swogerino]

One might already understand that winning at Gambling is hard but at the end of the day we still see a lot of people increasingly interested in Gambling, this might provide an insight into the casino business and at the same time help explore the ideas 💡 in the mind of a Gambler.

One might be aware of the fact that even though the Gambler knows that he is loosing money they measure the gambling to be an effective usage of that money, a leisure activity to begin with therefore it's more concerned with the activity-than winning an idea that some problem gamblers ignore.

Source :here

In roulette type games more than 95% of the amount is usually back to the player but when we talk about lotteries it goes way below 50% which is explained by the lower levels of winners and winning as a whole despite that lottery is some of the biggest revenue collector for the government. The players usually focuses not on winning big, but most of the time the short increase of dopamine makes their money worth it ( ofc if used in moderation)

What do you think is the best game/ sports to gamble on ? Do you do it for winning? Are the ideas in the article according to you correct? How many times you usually win in a game of chance+skills?

The funny part is that most people pick up a habit within 7-10 days and the dopamine effect will probably wear off fairly soon. The only way to get it back would possibly be betting bigger amounts or trying new games. People get hooked on these games and end up playing them on autopilot but are unlikely to get much joy from it. I guess if you've got a big enough bank account and play sensibly it can work out as a "hobby" or form of entertainment.

I think this depends on what a gambler/player end goal is.For example mine is to play little money to hit that big win,I only play one slot and I am addicted to playing it but not addicted to losing a lot of money,every week I play like 70-100 USD in the hope of getting that big win,if I don't get it and lose such amount I stop gambling,I am only using money I can afford to lose so I don't care and by doing so my level of auto control is great,I am immune I believe from falling to addiction and I do that as a form of hobby or entertainment,I have such money to use for entertainment and I like gambling entertainment the most.