Important Points to Learn from Your Worst Sports Betting Losses!

[maydna]

I will start by saying that you should not afford taking a risk of what you cannot cope with the conditions attached to it especially when it comes to gambling funds, dont borrow money to gamble, dont rush into gamble, dont compare yourself with other gamblers, try to learn gambling on your own and don't be so dependent and the most important aspect of it all is for you not to get addicted to gambling by any chance.

That's true, but the problem is that there are still people who still take the risk even though the loss of money will still occur as long as they play gambling. And they can still borrow the money to recover the loss, but that still doesn't guarantee they can recover the loss. And if we lose, we should be able to accept our defeat so that we won't have feelings of regret for having used the money to gamble. And hopefully, after that feeling of regret starts to grow, we can slowly realize the mistakes we have made before so that we can be better by not gambling.

[dothebeats]

• Have alternate plans to execute, so that loss can be minimised while the match is in progress.

This one is also dangerous IMO. By trying to chase and cover your 'unrealized' losses, you are already setting yourself for more losses. What if your live bet to compensate with your possible loss also turned out to be a failure? Sometimes letting these losses occur is much better than trying to get something off of the event and salvage a few dollars. It's not worth the time and effort IMO, and it's better to start researching for the next event rather than sulking in your defeat or trying to win back something off of the lost bet.

[serjent05]

I think when gambling is involved, nothing beats having self-control and playing in moderation.  This way all the losses are controlled and we are able to make use of our time for more productive activity.  Don't let ourself hook on the idea of chasing wins and losses because that will be the time that we will be losing money that is more tan what we can afford to lose.

Aside from that, we can't really analyze why we lost if we are playing a luck-based gambling game since its result is random.  I think in this kind of gambling game, the only authority we have is the amount of betsize we are wagering.

[Twentyonepaylots]

• Have alternate plans to execute, so that loss can be minimised while the match is in progress.

This one is also dangerous IMO. By trying to chase and cover your 'unrealized' losses, you are already setting yourself for more losses. What if your live bet to compensate with your possible loss also turned out to be a failure? Sometimes letting these losses occur is much better than trying to get something off of the event and salvage a few dollars. It's not worth the time and effort IMO, and it's better to start researching for the next event rather than sulking in your defeat or trying to win back something off of the lost bet.

Indeed, it would more likely be some sort of 'pushing your luck' scheme. During continued bet losses, I'd prefer taking a pause and having some rest. Once you are affected by your emotions such as frustration, then things won't do you any good. Let it slide for now. The drive to make up with your losses will just more likely give you a tendency to lose even more. Even if you have a large pocket to gamble, you'd be tilted aftereards. This is gambling and we won't always win the game no matter how good of a player you are. Let us simply accept the fact that there are "red days".

Analysis will just help a player to make a guess with basis and not guess alone. It would indeed lessen the risk of losing but will never guarantee winning. Ups and downs are part of our gambling routine and rather than focusing to learn in order to come up with a win, I think it would be better to be preventive, or to simply make adjustments and limitations to how much can you afford losing.

[CarnagexD]

I think when gambling is involved, nothing beats having self-control and playing in moderation.  This way all the losses are controlled and we are able to make use of our time for more productive activity.  Don't let ourself hook on the idea of chasing wins and losses because that will be the time that we will be losing money that is more tan what we can afford to lose.

Aside from that, we can't really analyze why we lost if we are playing a luck-based gambling game since its result is random.  I think in this kind of gambling game, the only authority we have is the amount of betsize we are wagering.

Exactly and in addition, I would say that you can easily do these things when you have a life outside gambling, have a job, a hobby, or a side hustle. In that case, you are unlikely to overindulge yourself in gambling or overbetting. When you got a loss, then do your side hustle or play with your hobby. You take a break because you didn't make gambling as your life. And that is very helpful in managing your exposure to gambling casinos. Also, your source of income and entertainment is not only in gambling but in your job or hobby too. So if you are able to manage your gambling well along with your priorities in life, I think that is more rewarding than winning one big shot of dollars.

[elevates]

Thanks all for the wonderful discussion and replies to this thread. I think we can use these pointers to and those suggested to make our betting more profitable. I would have loved to keep this thread open for more discussion. As spamming is a big issue on this board I am going ahead and locking this thread. I hope to see you guys again on a new thread and hopefully on a new topic. Thanks once again.