What I've learned so far as a gambler

[wallet4bitcoin]

You must really be a strong gem to kow when to leave when gambling. Speaking from a personal experience, gambling and making 100 percent with little money doesn't seem like a win, little reason why you find people trying to win a million dollars off the casinos.

But when you go into gambling with the same mindset of a business man, you look at your wins froms a risk assessment lens. If you make a 10 percent profit and above that, its still a win and you can walk out without losses. This mindset will save everyone in the gambling space who considers it a good move towards their gambling habits.

You must learn how to outgrow the greedy part of you if you want to enjoy wins in the gambling space, ever wondered why people loose constantly even after a winning streak, its directly  tied to their greed levels, resist it at all times.

[junder]

In principle I think that only self-control and some limits can save us from things that are not wanted, especially large defeats, it is clear that if they cannot apply any limits at all to their gambling then they will definitely feel a losing streak, none other than that because there is absolutely no prevention they do, they will not be able to resist their curiosity and also if they lose, they will definitely continue to play until they get what they want, but even if they win in my opinion the amount of victory will not always be able to cover the amount of defeat they have sacrificed at the beginning.

Of course, you need to have a plan and control over your emotions if you want to save yourself from big losses in gambling. Do not expect that gambling will be kind hearted to you and will let you save your money in case you're not in control over your finances. People lose money in gambling without knowing and they come to know when they have already lost a major portion of their life savings in gambling.

It's a matter of what is better or best for them I think that only they themselves will know, sometimes some advice will not work well if the person we give advice is completely unaware of what is best for himself. Haha yes maybe they think that the casino will return all their losses by giving a much bigger win, but on the other hand it's just their hallucination and there is no guarantee whatsoever and certainty for them to win, obviously the final result is always unpredictable and that means you also don't know whether you will win or lose again right? There is absolutely no rule of mercy from the casino for the gamblers, what is more certain is that the casino will be happy when more gamblers are excessive because there they will take a lot of profit from the losing gamblers, and as proof of the fact is that they have more losses than wins, is this statement not reasonable?

Therefore I think there is no reason for them to defend their wrong mindset, it's better for you to realize from now on than the number of your losses is increasing, and it's better to be more assertive or even increase your strength in terms of limits, because that's the only thing that can save you, anyway on the other hand if you are lucky you will also win.

A general rule is that the house will always be in profit. The more a gambler gambles at a casino, the more money that casino earns. But not everyone only loses there. Many people also get big rewards form the casino. In gambling control is in your own hands. In this platform, the gambler who will be more attractive, the more likely he is to lose. You must try to limit yourself. Consecutive winning is never possible in gambling. A gambler may win 5 or 10 games in a row but he will definitely lose the next game. So I think every gambler should develop such realization that he does not consider gambling as a source of more income. Moreover, those who are patient here will be able to survive in this platform for a long time.

And that's the fact that the host will always win, they can't beat the host easily nor is it easy to conquer the gambling system that has been set up with its rules to always win, because the rules are difficult to change or even cannot be changed so it is difficult to get a win for players who play gambling. Even if they get a win, most likely they will return to play by continuing the game where the winnings that have been obtained are bet again to get a bigger win than what has been obtained, they forget that the casino or slot machine system is randomized, so it is impossible to always get a win especially with a winning streak, If they get a winning streak in my opinion it's not because the casino is good, but indeed their luck is strong, in my opinion, if you have won, it's better to cash it in, don't continue the game by risking the winnings you have got, because everyone who gambles knows that the winnings you have got can be lost again if you continue the game. Although in the casino there are other people who will encourage to continue the game, I think it's best not to, because the one who will feel the defeat and victory is yourself, other people are only provocateurs if they tell you to continue the game. So it's better to have self-control to limit the game.

[Hewlet]

If you walk into a casino with $200 and you start playing with that $200 and you win $200, get the hell out, you simply just doubled your money, take your goddamn leave, what do you think you wanna do? Win a million dollars? You will go home empty handed.

The next thing that rings in your ear is you can still win another or more, that's the devil whipsering, the art of gambling is knowing when to stop.

The only game where you have some power is in Poker, not the online one, this is the best game in casinos, as making profits off of bad players is possible.

As for Other games, You are at the mercy of the house.

No one actually visits the casino to have fun, you gotta trick the mind, I like to think of it has a fun night out and I am going to spend a few hundred dollars and have a good time and if I win it's a bonus, like I've said, you gotta trick the mind.
Always remember this, you are there to win a game where its statistically impossible to win at, it's not impossible to not understand this about gambling, a wise man once said, "if you want to make money with gambling, own a casino".

it's funny how before you even start the gamble, you tell yourself the ones you get even $100 addition to what you came with, you will stop at that point immediately, but the question is, do you stop at this point? No matter how disciplined you think you are, as long as you are still winning, something must urge you to still continue playing tst you will still win more if you don't stop at that point. This is what lead most persons to loosing all there or if it they've made and even lose our on the amount they came with. Knowing when to stop and actually stopping at that point is one key thing that goes to show that you're a responsible gambler.

[angrybirdy]

If you walk into a casino with $200 and you start playing with that $200 and you win $200, get the hell out, you simply just doubled your money, take your goddamn leave, what do you think you wanna do? Win a million dollars? You will go home empty handed.

The next thing that rings in your ear is you can still win another or more, that's the devil whipsering, the art of gambling is knowing when to stop.

The only game where you have some power is in Poker, not the online one, this is the best game in casinos, as making profits off of bad players is possible.

As for Other games, You are at the mercy of the house.

No one actually visits the casino to have fun, you gotta trick the mind, I like to think of it has a fun night out and I am going to spend a few hundred dollars and have a good time and if I win it's a bonus, like I've said, you gotta trick the mind.
Always remember this, you are there to win a game where its statistically impossible to win at, it's not impossible to not understand this about gambling, a wise man once said, "if you want to make money with gambling, own a casino".

it's funny how before you even start the gamble, you tell yourself the ones you get even $100 addition to what you came with, you will stop at that point immediately, but the question is, do you stop at this point? No matter how disciplined you think you are, as long as you are still winning, something must urge you to still continue playing tst you will still win more if you don't stop at that point. This is what lead most persons to loosing all there or if it they've made and even lose our on the amount they came with. Knowing when to stop and actually stopping at that point is one key thing that goes to show that you're a responsible gambler.

That's kinda true! Some gambler enters the gambling world with a word out of their mouth like "I'll try and once I win, I will stop it" but unfortunately, that winning push them to continuously doing it. That 1 win motivates them to try more because they believe that there's a high chance to win again with a higher amount because they experiencing winnings at their first try, they are not aware on what we call beginners luck. Sometimes, even we say something to ourselves at first, but once we try and see the outcome, our perspective will change.

[Suzume]

Learning as a gambler don't be greedy. If your greedy ness work when you start gambling then you will have to face big problem. That's not in gambling that work in life also. If you are greedy in life then you will suffer a lot in future. Gambling is a sector thats properly connected with life line. We all can see that gambling work is fully connected with life you live.

[pakhitheboss]

What if you enter the casino with $200 you bet the same amount. You lose $100 out of the $200 you had placed the bet. You are now left with $100. Next you again bet the $100 and then you win $100. In this scenario would you leave the casino? No, you won't, you would go on bet $100 and then there is zero certainty that you would win next or lose everything you initially had.

This is how gambling works, what you said OP is an idealistic situation. It happens once in a while and I do agree if that happens leave with what you havewon.

[EarnOnVictor]

As a gambler, let me ask you this, do you feel something every time you gamble? Do you feel an excitement with every promotion or offer made by the casino? Gambling is indeed created to offer games and make a profit, but the one getting attracted to the casino is the gamblers who are getting mixed emotions and want to go back to gambling houses.

It's called adrenaline, every gambler don't want to lose their money for nothing and if they gamble in a skill based games, they will try to play as best as possible to win. Correct, feeling excited and adrenaline while gambling could be a reason why someone can't stop to gamble, but it's not a problem when you only gamble what you can afford to lose.

Adrenaline indeed! Come off it bro, what you can't control will control you. We should always do the right thing and also preach in the right way, not otherwise. Making an excuse that it's a result of adrenaline is only making excuses to do it more. Fine, if it's positive for you or it's not so negative for you, it might still be good, but when it's negative entirely, one shouldn't find an excuse for it but to condemn it and find a solution. The solution might be to take a temporary break. The most important thing is to make sure that we do not get entangled in what is not good or waste our money.

As for the remark that one can continue to gamble even if losses are involved and so far it's the amount one can afford to lose is also a very bad one. Let us continue to moderate everything we do. Because we can afford it doesn't mean we should waste it. Supposing I can afford to gamble with $50 million, should I now commit it to gamble just like that? Common!!! There should be a budget, there should be a plan.

[ethereumhunter]

What if you enter the casino with $200 you bet the same amount. You lose $100 out of the $200 you had placed the bet. You are now left with $100. Next you again bet the $100 and then you win $100. In this scenario would you leave the casino? No, you won't, you would go on bet $100 and then there is zero certainty that you would win next or lose everything you initially had.

This is how gambling works, what you said OP is an idealistic situation. It happens once in a while and I do agree if that happens leave with what you havewon.

Yes, they won't stop even though they have won because they still want to win more wins. And even though that means they can risk losing more, they won't understand and will just continue gambling. Losing $100 is meaningless when they can win a larger amount of money and that means they can recover their losses while also making a profit from gambling. But the scenario will not work like that because, in gambling, they will face losses that will get bigger and that will happen to gamblers who cannot control themselves.

As gamblers, we must be able to learn from every experience we have so that we don't lose a lot of money. We must be able to prevent more losses by having all the necessary things.

[TheUltraElite]

The OP is right, but the mind works in a different manner and consider a naive person entering the casino, they would not have learnt these words of wisdom. This is why gambling is often present in the context of drinking, sex and loud music - something like the vices of human in one place. The people who earn here are the casino owners and never the players. Younger naive people will play trying to win and undoubtedly lose money.

But keep that limited to once a lifetime is good enough - you might have had a good night out there. Learn from that and never play again.

[Dewi Aries]

Learning as a gambler don't be greedy. If your greedy ness work when you start gambling then you will have to face big problem. That's not in gambling that work in life also. If you are greedy in life then you will suffer a lot in future. Gambling is a sector thats properly connected with life line. We all can see that gambling work is fully connected with life you live.

For gamblers, greed is a problem that is difficult to avoid and has become a common major disease. When greed gets the best of them, they lose self-control and everything falls apart. Those who initially play with full self-control but they become shaky when they get a win with confusion should continue or stop. But most of those who continue their game because they follow the greed that is in them, and it is also their fault that they do not think about the risk of large losses and in the end they themselves experience large losses, therefore they must train themselves to strengthen their intentions and determination so that they do not easily waver by being tempted by bigger wins that have big risks too. At least if they get a win they should be able to control themselves by cashing it in, then they will not experience such a big loss.

[len01]

For gamblers, greed is a problem that is difficult to avoid and has become a common major disease. When greed gets the best of them, they lose self-control and everything falls apart. Those who initially play with full self-control but they become shaky when they get a win with confusion should continue or stop. But most of those who continue their game because they follow the greed that is in them, and it is also their fault that they do not think about the risk of large losses and in the end they themselves experience large losses, therefore they must train themselves to strengthen their intentions and determination so that they do not easily waver by being tempted by bigger wins that have big risks too. At least if they get a win they should be able to control themselves by cashing it in, then they will not experience such a big loss.

bad conditions or illnesses that are difficult to avoid when gamblers become greedy when they win and when they get a loss or defeat a gambler becomes emotional chasing losses.
these 2 situations are very natural and indeed difficult to avoid, even professional gamblers sometimes feel this situation when their self control is neglected and on the one hand these situations arise naturally in our minds, even I myself still feel that way but fortunately I always remember that this is just a fancy game that I have to pay for pleasure.

thought patterns may play an important role in avoiding these bad situations, but all of this requires great strength to be able to stick firmly to commitments and control which must be strengthened with positive thoughts.

[danherbias07]

You must really be a strong gem to kow when to leave when gambling. Speaking from a personal experience, gambling and making 100 percent with little money doesn't seem like a win, little reason why you find people trying to win a million dollars off the casinos.

But when you go into gambling with the same mindset of a business man, you look at your wins froms a risk assessment lens. If you make a 10 percent profit and above that, its still a win and you can walk out without losses. This mindset will save everyone in the gambling space who considers it a good move towards their gambling habits.

You must learn how to outgrow the greedy part of you if you want to enjoy wins in the gambling space, ever wondered why people loose constantly even after a winning streak, its directly  tied to their greed levels, resist it at all times.

But that's only for the high rollers.
Small bettors like me will take a long time before the profits will come. You get 20x and it's not enough, you go further than that and it's still enough until small bettors become greedy and increase their bet for a chance to have that one big win and get out after.
I think I bet enough to see that. I won just recently too and it was all gone now.
It's difficult to walk out when you feel lucky and before you know it all the funds are gone and were taken back by the gambling site.
Well, that's my experience in casino games, mostly in Originals, maybe it's different with other games like slots or whatever another gambler prefers.
For small rollers, it's really possible to win, but like I said it will take time before you hit that multiwin that seems to be impossible to get.

[Blitzboy]

What if you enter the casino with $200 you bet the same amount. You lose $100 out of the $200 you had placed the bet. You are now left with $100. Next you again bet the $100 and then you win $100. In this scenario would you leave the casino? No, you won't, you would go on bet $100 and then there is zero certainty that you would win next or lose everything you initially had.

This is how gambling works, what you said OP is an idealistic situation. It happens once in a while and I do agree if that happens leave with what you havewon.

Yes, they won't stop even though they have won because they still want to win more wins. And even though that means they can risk losing more, they won't understand and will just continue gambling. Losing $100 is meaningless when they can win a larger amount of money and that means they can recover their losses while also making a profit from gambling. But the scenario will not work like that because, in gambling, they will face losses that will get bigger and that will happen to gamblers who cannot control themselves.

As gamblers, we must be able to learn from every experience we have so that we don't lose a lot of money. We must be able to prevent more losses by having all the necessary things.

Its vital to realize "winning back loses" is illusionary. Gambling is unpredictable and often creates a deadly loop where the urge to win blinds people to increasing their risks. You may wonder why they persist. The gambler's fallacy is the mistaken idea that a succession of losses enhances the odds of winning. Wait, isnt this a distorted view?

Managing this requires knowledge and self-control. Learning from experiences requires recognizing odds and accepting loss. Gambling should be fun, not profitable. Can we teach this mindset? The answer is debatable. Its evident that without discipline and a true understanding of gambling dynamics, chasing losses keeps going down.

[nara1892]

In principle I think that only self-control and some limits can save us from things that are not wanted, especially large defeats, it is clear that if they cannot apply any limits at all to their gambling then they will definitely feel a losing streak, none other than that because there is absolutely no prevention they do, they will not be able to resist their curiosity and also if they lose, they will definitely continue to play until they get what they want, but even if they win in my opinion the amount of victory will not always be able to cover the amount of defeat they have sacrificed at the beginning.

Of course, you need to have a plan and control over your emotions if you want to save yourself from big losses in gambling. Do not expect that gambling will be kind hearted to you and will let you save your money in case you're not in control over your finances. People lose money in gambling without knowing and they come to know when they have already lost a major portion of their life savings in gambling.

Yes that's true, but on the other hand applying self-control and emotions is not as easy as turning the palm of a friend, which is why there are still many who suffer defeat, I think the main thing that must first be corrected is in terms of their wrong mindset, because it's useless even though they apply self-control and some restrictions if their minds are always focused on winning opportunities driven by high expectations. What they will do then that will have an impact on themselves, so all decisions are within themselves, and the other thing of course is that there will be absolutely no mercy from the casino to every gambler, what the casino wants is only the defeat of the gamblers because it is profitable for them, so the casino will be happy when gamblers always behave excessively in their gambling involvement. So whether you or they want to be one of those targeted by casinos, it's up to you, and if you don't want to then there's no other way but for you to change your mindset and not get your hopes up.

Yes it is true that only luck can lead them to victory while on the other hand whoever it is will never know when they will be lucky, so what is your reason so that you behave excessively on your gambling? I think there is no other reason than you are putting too high hopes on opportunities that basically do not have any certainty, and also on the other hand there is nothing better because even if you have won I think that is not the end of gambling by going home with victory, and what usually often happens is that when you win then greed will play a role in that condition, surely you think of getting something bigger. I think that kind of cycle will never end, and always end up losing.

When you know that gambling is luck based and there is no control over luck, then I feel really shocked to see that people spend and risk all their money in gambling, meaning they are willing to risk all money only to see if the luck is favoring them or not 
I would not call it a risk taking behavior but rather i would call it poor planning where one may put a lot of money in single games and bets and in case of loss, the money is just all gone.

Yes, I really don't understand what they have in mind, although basically they have the right to everything they want to do, but on the other hand I think you can at least take a little time to think realistically about what the activity you are doing really is. On the other hand I'm sure if they can take a minute to think realistically then they will find the real answer and with that they will probably reduce their excessive behavior. There is absolutely no good planning if what they do is excessive behavior like that, with those who always overdo something that basically does not have any guarantee then we can already conclude that they gamble without having any planning.

[Webetcoins]

Gambling is dependent on luck, but we can be on the profiting side if we know when to stop and take a break. Most of us don't follow it, just the wins keep us high and we go for increased bet value. The same ends our wager at the shortest. To be on the safer side better choice is to spend on sports betting than casino games.

Sports betting is good only if you know what you are doing. You can bet blindly on purely luck-based games like slots and you'll get the same results as if you were maximally concentrated, but try do that with sports betting and you will lose all your bets.

And regarding "know when to stop", we never know. That's life.

I believe we do know but we can't control ourselves and the urge to gamble more when it comes to gambling either because of greed or addiction. Because when you are already ahead of the house, that's when you should stop, and someone who is a responsible gambler understands this and even an irresponsible gambler understands that but they can't control the urge and tends to ignore such things and calls that are important and which might save them from excessive losses.

So, it's not like we don't know when to stop but we choose not to because of our own preferences and reasons that might turn out to be good at times but mostly turn out to be bad for us because the results usually go against us when we don't stop when we are supposed to even after knowing it.

[Juse14]

Gambling is dependent on luck, but we can be on the profiting side if we know when to stop and take a break. Most of us don't follow it, just the wins keep us high and we go for increased bet value. The same ends our wager at the shortest. To be on the safer side better choice is to spend on sports betting than casino games.

Sports betting is good only if you know what you are doing. You can bet blindly on purely luck-based games like slots and you'll get the same results as if you were maximally concentrated, but try do that with sports betting and you will lose all your bets.

And regarding "know when to stop", we never know. That's life.

I believe we do know but we can't control ourselves and the urge to gamble more when it comes to gambling either because of greed or addiction. Because when you are already ahead of the house, that's when you should stop, and someone who is a responsible gambler understands this and even an irresponsible gambler understands that but they can't control the urge and tends to ignore such things and calls that are important and which might save them from excessive losses.

So, it's not like we don't know when to stop but we choose not to because of our own preferences and reasons that might turn out to be good at times but mostly turn out to be bad for us because the results usually go against us when we don't stop when we are supposed to even after knowing it.

The most stupid person is someone who knows that the activity is quite detrimental and realizes that he is addicted to gambling, but that person just keeps quiet without having any intention of stopping his gambling activity or trying to control himself over the gambling he does and his finances. that he spends on gambling, and they assume that everything will be fine.

So if we don't want to be considered stupid, then never let go and ignore a problem no matter how small that happens in our lives and make an effort to find out how we can control ourselves over the gambling we do. Keep trying even though your chances of success in solving the problem seem small.

[BitcoinTurk]

Gambling is dependent on luck, but we can be on the profiting side if we know when to stop and take a break. Most of us don't follow it, just the wins keep us high and we go for increased bet value. The same ends our wager at the shortest. To be on the safer side better choice is to spend on sports betting than casino games.

Yes, gambling is literally based on luck but depending on its type it is possible to reduce the effect of the luck factor. For example, although slots and similar gambling games are completely based on luck, sports betting is a type that is partially based on luck. Although the luck factor has a significant impact regardless of the preferred type of gambling, reducing the luck factor depends entirely on the individual's preference.

On the other hand, unfortunately, as you mentioned the reason why many gamblers lose money in gambling is because they don't know when to stop. Unfortunately, both those who lose a lot of money and those who earn a lot of money in a very short period of time become more greedy and lose after exceeding the limit they should stop at. Certainly, it is very important for an individual to act knowing when to stop or take a break from gambling.

Finally, if we have to compare sports betting and gambling games I think it is necessary to have an idea about the gambler who is a player in order to claim that it is possible to make more money in sports betting. There will not be much difference between someone who bets on sports without having any knowledge about the preferred sport, sports teams and someone who plays slots or similar gambling games. The biggest difference and advantage of sports betting compared to traditional gambling games is that it provides the opportunity to bet based on analysis, knowledge and experience.

[Hirose UK]

~snip~

bad conditions or illnesses that are difficult to avoid when gamblers become greedy when they win and when they get a loss or defeat a gambler becomes emotional chasing losses.
these 2 situations are very natural and indeed difficult to avoid, even professional gamblers sometimes feel this situation when their self control is neglected and on the one hand these situations arise naturally in our minds, even I myself still feel that way but fortunately I always remember that this is just a fancy game that I have to pay for pleasure.

thought patterns may play an important role in avoiding these bad situations, but all of this requires great strength to be able to stick firmly to commitments and control which must be strengthened with positive thoughts.

Both are indeed conditions that greatly influence the arrival of bad luck and the difficulty of controlling oneself because wins that come always have an addictive effect and will continue to make gambler unable to stop before what they want can be achieved from the win, and vice versa with losses that make gamblers don't usually accept it and then try to use another amount of money to recover it.
So far, quite lot of problems have occurred from these two conditions, and quite few gamblers have actually spent more money that is not in accordance with what they have set.

However, even though it feels very difficult and we cannot directly control these two conditions, we still have to try to handle them so that in the future when we win we avoid greed and when we lose we don't try to recover it.
But it is very true that mindset is one of the driving forces for someone to think of better things from every attitude or condition that is happening.

[Hispo]

The OP is right, but the mind works in a different manner and consider a naive person entering the casino, they would not have learnt these words of wisdom. This is why gambling is often present in the context of drinking, sex and loud music - something like the vices of human in one place. The people who earn here are the casino owners and never the players. Younger naive people will play trying to win and undoubtedly lose money.

Anyone would soon realize the reality of the business if they are observant enough about it. Every gambler was naive and inexperienced at some point of their life and because of the passing of time and the living of experiences all of them have managed to grow up and learn how to manage their own bankroll in a responsibly manner.
The danger starts when someone initiates within the world of gambling, casinos, lotteries and betting and does not learn from the experiences, specially the negative ones, it can make people to devolve to a negative state where they blame their bad luck on the casino and not at the law of the chances or probabilities.

[slapper]

Gambling is dependent on luck, but we can be on the profiting side if we know when to stop and take a break. Most of us don't follow it, just the wins keep us high and we go for increased bet value. The same ends our wager at the shortest. To be on the safer side better choice is to spend on sports betting than casino games.

Yes, gambling is literally based on luck but depending on its type it is possible to reduce the effect of the luck factor. For example, although slots and similar gambling games are completely based on luck, sports betting is a type that is partially based on luck. Although the luck factor has a significant impact regardless of the preferred type of gambling, reducing the luck factor depends entirely on the individual's preference.

On the other hand, unfortunately, as you mentioned the reason why many gamblers lose money in gambling is because they don't know when to stop. Unfortunately, both those who lose a lot of money and those who earn a lot of money in a very short period of time become more greedy and lose after exceeding the limit they should stop at. Certainly, it is very important for an individual to act knowing when to stop or take a break from gambling.

Finally, if we have to compare sports betting and gambling games I think it is necessary to have an idea about the gambler who is a player in order to claim that it is possible to make more money in sports betting. There will not be much difference between someone who bets on sports without having any knowledge about the preferred sport, sports teams and someone who plays slots or similar gambling games. The biggest difference and advantage of sports betting compared to traditional gambling games is that it provides the opportunity to bet based on analysis, knowledge and experience.

Can luck not play a bigger part in sports betting than we realize, even when analysis and information rule? Doesn't sports' unpredictability (weather, player psychology, unforeseen events)make even the best wager a gamble? We often overestimate our capacity to forecast outcomes, attributing success to talent and failure to luck. This cognitive bias can make us think we have more control than we do

However, isnt understanding when to stop the key to gambling, whether it's sports betting or slots? Human psychology is fascinatingly complex. The assumption that luck must shift or that one is due for a win keeps betting going. Isn't this psychological trap the true enemy, not gambling type? Cant self-awareness and control be the ultimate weapon in this conflict, more useful than sports or slot algorithms?