The psychology of betting.....

[bittraffic]

I did believe that dice have patterns. I kept doing it for years and even today once in a while I come back to try again whenever there is free money I earn from dividends.

I never won huge from those things although I just come back to spend the free EOS coins I earn. Maybe the psychology really affected me since lol Although sometimes I get tired of it and just cash out the coins from time to time.

[1714693541]

1714693541

[1714693541]

1714693541

[Fortify]

As humans, we are conditioned to look for patterns in life and we gamblers try to make predictions based on what we see, while we are gambling. The reality is that these patterns does not exist, but we like to pretend that they do because it helps us to bring order to the chaos that are gambling.  

Some people seem to think that your bet size will increase your chances to win, but that is simply a myth. The reality is that it simply means your payouts will be bigger when you do win.

A lot of my friends believe that it is better to spin the Slots manually, because "Auto spin" are rigged by the casinos... but that is also a myth. A lot of things come into play when a bet is made and it has nothing to do with the "auto bet" feature. (Client Seed / Server Seed & RNG and RTP ...)

Have you pressed the "bet" button, before the reels have stopped.. thinking that it will give you a favorable outcome on your bet? Well, I have news for you... the outcome has been decided in milliseconds after you pressed the button for the bet, the GUI interface happens long after that to display the outcome of the bet to you.   (Go into the developer mode of your browser to see this)

What patterns do you see and how much do you believe in it?

To take it another step deeper, it's worth considering that gambling companies know about this behavior and try to capitalize on it. Not only are these gambling "games" a complex and complete blackbox, they can be engineered in all sorts of ways to squeeze a player. Maybe it is a simple random number generator behind it with an odds correcting algorithm so it doesn't stray too far from the RTP advertised in their favor. However it could just as easily be running lots of different algorithms and data mining activity to figure out how to get you to deposit even more. Whether that involves giving you lots of little wins and slowly depleting your balance over time, instead of allowing you to go bust immediately, or what other psychological tricks they can create.

[DaNNy001]

in my case I only place sports bets, I only bet on a game after I have analyzed the two teams, this is strategy, I analyze the two teams that are going to play and when I analyze the game I think as if I were going to a battlefield what would I do to survive on the battlefield. for example there is an arsenal game against city ( game has already ended with an expected victory for city ) so the first thing to analyze is where they are going to play and the results that both teams had when playing at home and away from home in the last 5 games, then analysis and direct confrontation between these two teams, then I start by analyzing the formation of each team and its players individually, then I analyze the number of goals conceded and scored in the last 5 games, then I analyze the importance of the game for both teams

once this part is done, then I move on to the profitable part, I analyze the value of the odd if it will be worth it, in sports betting, making bets with an odd of @ 1.50 is not worth it, this in the long term is a big loss, that's why making a multibet bet it is the only solution to make a long-term profit, but the problem is that this strategy is very risky, it is enough to lose a single game for all bets to be lost, at the end of the day there is no winning strategy in games of chance, there is no lucrative way in gambling, everyone who is a customer loses and the only one who profits is the owner of the casino and his employees

Lol.  at first when I was going through your comment, I thought you had some kind of beautiful strategy to winning sport bets because thats the field am into too but its seem you have arrived at the one truth there is to gambling which is no strategy is full proof to guaranteeing you a winning its just a matter of how lucky you are. Sometimes myself after going through the stats of the game I want to bet on I discover that the end result is opposite to what I actually predicted. No can definitely win the casino, if they give you winning, its with their left hand and they take it all back with the right hand.

[Aikidoka]

To be honest, I don't believe that patterns can be relied upon in pure luck based gambling games. However, I have a strategy that I used a few years ago that worked for me, but only when luck was on my side.

The strategy involves predicting whether a number from 1 to 100 is odd or even, and it can potentially double the amount you wager.

First, you would start by placing a bet of, for example, 0.001 BTC, and predict whether the number will be odd or even. If you win the bet, you will receive 0.002 BTC. If you lose, you should proceed to a second bet, but this time, with 0.002 BTC, and again predict whether the number will be odd or even. If you lose again, the next bet should be 0.004 BTC, and you should continue to double your wager until you win at least once.

Once you win, you should start from the beginning again.

It can work if you have a large enough amount to bet with, as the chances of losing 7 to 15 consecutive bets are relatively low.

However, I want to say that trying this strategy is at your own risk, and I no longer use it myself because I am not a fan of gambling in pure luck-based games. Personally, I prefer to gamble on sports games, as it adds an element of fun to the experience.

[348Judah]

Some people seem to think that your bet size will increase your chances to win

Many gamblers will just come with their own style and approach to gambling and they will seem well convinced of such without even knowing they are just wrong in such approach, if this could have been the reality in gambling then everyone of us could have always source for more money in other to increase our chances of winning, or probably the rich people will be the ones always winning in gambling.

A lot of my friends believe that it is better to spin the Slots manually, because "Auto spin" are rigged by the casinos

What about those that also wins using the same auto spin, did the casino support them to win because they are familiar gamblers or because they know them in person or just wish to loose their money by granting any gambler a win using auto spin, we have adopted alot of wrong mentality in many areas of live and not in gambling alone and this were things actually far away from the truth about the real state of things.

[Frankolala]

I do have a betting strategy but it doesn't work most time. What I do on sportbet is to bet with little money on a short slip with this you can win something little and eben though, the result didn't come out as predicted,  have nothing to worry about because I used the money that I can avoid to lose to stake.

Gambling is fun when you are not greedy, and don't see it as a game that will generate huge profit for you. It is when you think that you have to win big and put your hope on the game to be a life changer,this is when you fall for your emotions to stake with big funds,thinking that you will have a better chance of winning.

[Findingnemo]

I beleive I will be lucky if I wear black and it's true to some extent but when we apply the common sense here let's imagine I believe black is lucky colour for me so I wear black all time or most of the time so at the end you didn't really noticed what happens when you wear other colours, but obviously it doesn't make sense while everyone has some superstitious beliefs and myself is not an exception to it.

But I keep it clear If I win I will be happy and if not just feel for loss and move on while most people try to chase and ends up losing more and more.

[ryzaadit]

Well, I been reading you too.

You also have some myth about the casino and other ~XD I think what you wrote in here are different with some conversation in the casino thread even you tell us the result has been decided, still playing and feel like a myth psych casino.

People are always believe in myth, that's just one of our psychology. Even my self sometimes belive it.

[harizen]

What patterns do you see and how much do you believe in it?

Different gamblers have their own preferences so even if there's no direct connection or anything technical related to increasing the winning chance, just let them believe what they think "if it's somehow effective for them". Somehow, once they experience a continuous losing streak, those things will be ignored now.

I do understand those people as personally, I admit, I do have my own things that I followed which I think, are effective at some point, especially when playing luck-based games such as casino games. But of course, technically, no relation to increasing my winning chances. It's more just an instinct and I don't see something wrong with having that own followed pattern in gambling at luck-based games.

The bottom line though, obviously, we should understand that gambling is gambling and always be responsible on our end.

[uneng]

To be honest, I don't believe that patterns can be relied upon in pure luck based gambling games. However, I have a strategy that I used a few years ago that worked for me, but only when luck was on my side.

The strategy involves predicting whether a number from 1 to 100 is odd or even, and it can potentially double the amount you wager.

First, you would start by placing a bet of, for example, 0.001 BTC, and predict whether the number will be odd or even. If you win the bet, you will receive 0.002 BTC. If you lose, you should proceed to a second bet, but this time, with 0.002 BTC, and again predict whether the number will be odd or even. If you lose again, the next bet should be 0.004 BTC, and you should continue to double your wager until you win at least once.

Once you win, you should start from the beginning again.

It can work if you have a large enough amount to bet with, as the chances of losing 7 to 15 consecutive bets are relatively low.

However, I want to say that trying this strategy is at your own risk, and I no longer use it myself because I am not a fan of gambling in pure luck-based games. Personally, I prefer to gamble on sports games, as it adds an element of fun to the experience.

This is Martingale strategy you described. And indeed, it's impossible a pattern can be identified on this method. You can lose 7, 15 or even more times in a row, as results are completely random. You may think to lose more than 15 times in sequence is unlikely, but if you gamble consistently for several hours you will see it does happen more often than you expect.

It might be that Martingale gives us a false impression there is pattern which can be exploited through the strategy, but that is just our psychological working against us. Unfortunatelly most gamblers only see this once they lose their entire bankroll after a long loss streak.

[goldkingcoiner]

As humans, we are conditioned to look for patterns in life and we gamblers try to make predictions based on what we see, while we are gambling. The reality is that these patterns does not exist, but we like to pretend that they do because it helps us to bring order to the chaos that are gambling.  

Some people seem to think that your bet size will increase your chances to win, but that is simply a myth. The reality is that it simply means your payouts will be bigger when you do win.

A lot of my friends believe that it is better to spin the Slots manually, because "Auto spin" are rigged by the casinos... but that is also a myth. A lot of things come into play when a bet is made and it has nothing to do with the "auto bet" feature. (Client Seed / Server Seed & RNG and RTP ...)

Have you pressed the "bet" button, before the reels have stopped.. thinking that it will give you a favorable outcome on your bet? Well, I have news for you... the outcome has been decided in milliseconds after you pressed the button for the bet, the GUI interface happens long after that to display the outcome of the bet to you.   (Go into the developer mode of your browser to see this)

What patterns do you see and how much do you believe in it?

Auto gambling is definitely not a psychologically good way to gamble.

I too dislike auto spin but not for the reasons of being superstitious or paranoid that the casino may be trying to cheat you somehow, but rather for the objective reason that its not really gambling if you let a machine take over for you. Gambling is supposed to be a personal experience, thats why you came to the casino, right? To do it yourself?

Auto spin feels cheap and wrong, which is the main reason I think that some people are so suspicious of it.

When people gamble by themselves and lose/win, they consider that their own achievement/failure because it feels like it is. Auto betting feels like someone else is doing it for you, so when you lose money if feels like someone else's fault.

At the end of the day you leave the casino angry and frustrated even though it's not your fault.

[klidex]

Actually there are no patterns in gambling and especially in slot games.
But it's normal that sometimes someone thinks a pattern can win every bet because in that situation that person is lucky.
It's different if the situation turns into a losing streak, it will definitely hurt and blame the pattern and say that the pattern doesn't exist, what remains is financial management in gambling to control it so it doesn't run out quickly.

[Fivestar4everMVP]

Well, for those who believe that their bet size will increase their chances of winning, sorry to use the "s" word, but that is sheer stupidity, even before I got into gambling, I've known that bet size only increases the amount of money one gets if he or she wins, but does not increase chances of winning in any way.

And as for using the auto bet vs the manual bet button - to be honest, I've always avoided the auto bet button because (like the op said,) I've always believed that button is super rigged, the number of times I've used it, I ended up with burnt bankroll on each of the occasions, so if anybody believes the auto bet feature is rigged, I honestly do not blame them.

[rahmad2nd]

~snip~

What patterns do you see and how much do you believe in it?

Basically, the first time we get to know gambling we don't know anything other than playing or gambling. however, over time, our understanding of gambling evolves as experience increases and one of the undeniable factors that contributes the most is community.

Previously, many gamblers didn't know what RTP was, what RNG was. what are patterns, martingale, odds, strategies, methods, and all kinds. we develop, whether we realize it or not, we come to know that in gambling or gambling games there are many myths that we believed before. even before, we doubted whether or not a casino that became our favorite was fair. in essence, the community provides a lot of information that becomes our knowledge, experience, insight, experience. although, not a few still believe in the myths as you say.

In fact, we used to be like that. I've read one of your posts, about land casinos and online casinos. we can talk about the difference, even whether a slot game is fair or not. however, the purpose of our discussion is not that. for me, i don't really care about all that. Basically, I play for fun. if it wins i consider it a bonus from the fun part. why, let's talk about the facts, that the probability of winning that we have is smaller than the ratio of defeats. that's why, I only play for fun within limits. However, for football, I can seriously bet on something. I mean, sports betting provides a higher chance of winning when compared to casino games.

[Hispo]

The only pattern I think I have is not to use the autobet feature on dices, crash and plinko. It does not have anything to do with the trust I have on the provably fair games on the casino, but rather it is a little pattern I have so I won't lose track of my winnings and losses, so I won't get carried away either and do not lose my focus. I feel if I went for the autobet, I could end losing more and even faster than I am would feel comfortable with.

[BitcoinPanther]

What patterns do you see and how much do you believe in it?

One pattern I always see is that wagering in the same game for too long increases the losing streak and or make it more difficult to win a game.  I observed it not only in slots but also in other games such as dice.  Although I also believe that the result of each spin or bet is random and is independent from each other, I cannot deny the experience that it gets harder to win if we stay too long in the same game.

Well, for those who believe that their bet size will increase their chances of winning, sorry to use the "s" word, but that is sheer stupidity, even before I got into gambling, I've known that bet size only increases the amount of money one gets if he or she wins, but does not increase chances of winning in any way.

I agree that bet size has nothing to do about the result of a game.  Since it has been established that the amount wagered can't affect the possibility of winnings.  We have seen huge rollers win a bet while small roller losses it. This is an established fact that the luck-based game result is random.

[slapper]

Hahaha! Finding patterns in gambling? It's like a Da Vinci code inside a Trump Tower – might feel impossible, but we're irresistibly drawn to it!

But let's face it, even if our bets seem as strategic as an intricate conspiracy, the house always has the upper hand. Bigly. That's why we gotta gamble smart and within our budget, folks.

Feeling lucky? Give online slots a whirl! Just beware the "manual spin" ruse – it's like driving a Lamborghini with no engine. Looks impressive, but in the end, we're just spinning our wheels. Incredible!

[ralle14]

The only pattern I see and believe is the one where we are expected to lose regardless but back then when I was still active in playing casino games I used to believe that playing the same game in other casinos would help me skip my potential losses from the previous casinos that I've played on. At that time, it worked and I thought I should stick to it but later on, it didn't matter as I went through so much loss afterward.

Actually there are no patterns in gambling and especially in slot games.

That's true, even though slots have different versions (high volatility, multipliers, etc) their ending is still the same as any other casino game.

[coin-investor]

A lot of my friends believe that it is better to spin the Slots manually, because "Auto spin" are rigged by the casinos... but that is also a myth. A lot of things come into play when a bet is made and it has nothing to do with the "auto bet" feature. (Client Seed / Server Seed & RNG and RTP ...)

I used to believe that but after many sessions, I have proven that luck is still a factor and manual and auto have nothing to do with winning, but manual betting is a more acceptable way to lose and have higher chances of winning because you are in full control of the bet, I have a good winning rate playing manually than playing with auto, and usually when I can quit at the right time with small winning, the best strategy is still knowing how to quit at the right time, not chasing your losses or even taking a chance to win more.

[Accardo]

Lol stopping the spin half way works for me, but not always. I knew it wasn't a method, but its not of importance to wait till the spinning is over since the outcome is already determined. The psychology of betting differs, depending on how players understands gambling. Playing gambling consistently is a psychology that helps players to detect how to follow a slot machine especially for offline casino. Also, having a gambling partner facilitate our playing experience, because we'll have to discuss our observance with our partner while playing games. One last thing is that, nobody shares their gambling strategy if they've got any. Players can only inform you of few tips that can lead you to make better stakes, but will never open up what actually works for them. I know they're methods to gambling that'll reduce the losing rate, and increase the winning rate of a players. It's not new, many players make more funds in gambling than others, so that proves that different players have studied the machine and concluded ways to follow it and it works for them. Hence that doesn't mean they don't lose games.