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Author Topic: Sympathetic gamblers looses itself  (Read 1229 times)
Casdinyard
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December 07, 2023, 10:53:23 PM
 #121

It’s just that true. You can only empathize if you yourself understood how it felt to be in that person’s shoes, been in the same shoes myself as I’ve consoled people who lost a lot of money, and been in the shoes of those who lost their money through gambling too.

I think the best thing you could do to someone who’s in that situation is to not only empathize with them, but to also hear what they have to say and perhaps even go so far as to actually verr them towards responsible gambling. Sometimes that’s what would really help them in the long run. And you yourself, might want to look into respnsible gambling as well. Trust me, it’s good.

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December 07, 2023, 11:11:29 PM
 #122

I have seen some facial expression gamblers that I am emotionally touched about and feels they have loosed more than they can handle and feels they deserves an condolence winning. While I empathic with him his amount of lost, I am then to consoling myself that someone on here has lost more than I do.

This is exactly how some gamblers runs out of gambling budgets and goes bankrupt because they fails to figure what their net worth or incomes value is.

They are basically to believe one who lost $20 has lost more to them who looses $10.
Many gamblers have this tendency where they gamble depending on the losses of others without thinking about their own losses. If one gambler gets the big jackpot, there is no advantage over the other gambler, in the same way no one get advantages from loss. So I think it's stupid if gambler loses money on his bets and takes solace from seeing the amount others have lost. I will be responsible for my gambling. It should be remembered that my financial situation and his condition are not the same so one should not always bet more than he can afford to lose. One should  not also compare with others gambling loss.
Well said! when it comes to gambling, it is better to focus on your own bankroll, winnings, losses and your own strategy. I never advice to look others situations because I do believe that we have our own path. You have to be responsible in your own actions and do not compare yourself to others because it will lead you to pressure and questioning your self confidence.
Focusing on others probably to sympathize with them or probably to console them dose no good as that will not help them het back their money neither will it help them win their next trial so it's mostly of no use trying to console or sypatize with them unnecessarily room long enough.

It's only reasonable to learn from others mistakes buy not dwelling on them because it has no positive impact as to helping you getting better at your game, its just proper you improve your performance by learning from these mistakes and help your strategy become better and manage your risk even better knowing how well it could affect your bankroll if you are not careful well enough with your management strategy.

The players who are more gestural and who show more of their Conditions, it is quite obvious that they have a weakness, because they are Basically making known what they are doing or what they may be thinking at any given Moment , I am not one to see faces much , of course in a Physical casino, because in an online casino there is no way to see it, but this can be a great weakness when playing poker, because the gestures of Many can see that they are waiting for a good moment, or a bad moment and that It is evident, those are the things that we must see to be able to start, and of course everything goes to the level where it can be taken into account that when many things are done to win, some do not work, in this sense, when I am in physical casinos If I see the hearts of some of the handsome people, some show emotion, another I see the face that if someone approaches them they Basically eat it because they are so Angry , I mean I don't Understand it, because with the exception of them they are better than when they are They get angry with you , because they show everyone in the face like that, in this case that Should not be done, Because it is information, those are also things that we must take care of ourselves.

This means a lot because there are people and players who show their emotions, of course it is clear to point out that not only are we equal, at least when I am in a place I do not show my emotions, rather I am serious, of course except when I am with my friends , perhaps drinking beers, talking like that, that is something else, and then it goes to another plane, but in matters like this we must see that when it comes to doing or going beyond, the fact of Seeing the face of someone with discomfort or that they are doing well or badly, that is interpreted as information that sometimes many can take advantage of , either to do something else or to be present so that they can see What they are playing to see. if some of that good luck rubs off on them.

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December 08, 2023, 01:42:47 AM
 #123

In my opinion, do not see or remember the losses that have occurred with gambling,  because before gambling they should know that gambling is great, of course what is obtained is defeat not victory. And if they are like that,  it's better not to gamble if only to remember the losses that have occurred, because gambling is only for entertainment not to make money primarily.
we often see or read that Gambling is for fun and not to make money , but are you a gambler?
if yes then have you not expect to win when you gamble , or you are just nothing but commenting that does not
really understand what gambling is all about. because for how many years that people keeps calling gambling for
entertainment but does not really gamble in regular basis meaning they dont know what is gambling and for what really is.
And do you know what gambling is? And are you one of the gamblers who wants to win in your gambling activities, literally gambling is made as a place to make money, or multiply the money you bet in the casino, I personally do not deny that.

We are all people who declare gambling as fun, we know that, but we have a different perspective on gambling, I also used to use that view like you, but after I studied the victory in gambling is very small so it would be nice if you already have an interest in gambling is to make it a tool for your own entertainment or with your friends, because if the victory you are looking for it will make yourself impulsive towards gambling activities that can make you mess up for the rest of your life.

In the end, the gambling winnings we get from the gambling we do, are a bonus and do not consider the winnings a necessity that we must get from gambling.
 
If I take it literally, I also agree that gambling is a place to make money or double money, because if we are lucky then we will get a win that makes the balance we have at the beginning become a lot, the amount is also uncertain because it is a random system, but if it is to be the main income in life I myself do not recommend it.

Gambling will indeed be fun if we can consider it as entertainment not as a source of income, because if you consider it as the main income it will be sad in the future, because most of those who consider gambling as the main income like that they experience losing a lot of money because of the pursuit of victory as well as this will destroy a person's life where his life is peaceful and calm, if they are already addicted then there will be a difference in their behavior which may also be negative. in contrast to considering it as a means of entertainment, someone will have a limit on gambling not to gamble excessively because they are aware of the impact that gambling has on it is not playing. So even though it can be interpreted as a money multiplier but we should not get addicted to it because it is not a good thing.

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December 08, 2023, 01:49:04 AM
 #124

OP, this topic does not belong here, you should move it to gambling discussion.

Anyone that feels he has lost heavily and is showing that on his face should quit gambling because he can't control his gambling activities, and this also shows that the person has used more than the amount that he can afford to loose to gamble. No matter how small that amount is, if it is going to make you look pale or in a bad mood, it means that amount is too big for you to gamble with.

Gambling should be seen as fun and not for profit and anyone that knows this, will live a healthy gambling life. I don't normally have sympathy for anyone that have lost big because it was an act of greed that led them to such big loss and nobody needs to give them any money due to sympathy. Instead you should advice them on how to be a responsible gambler and let them not see gamble as a get rich quick scheme.
Yes, maybe the person said by the OP spent more money than the limits so that they experienced big losses and made them feel disappointed with the gambling they played, it's okay, this can be a lesson for them and they are forced to stop doing these activities, at least they can think for a moment if gambling cannot be used as a source of income and the most important thing is that the person does not take out loans to continue their activities or try to catch up on these losses because it is very likely that they will experienced losses again and again.

Indeed, basically gambling should be seen as a means of entertainment, not as a mean of fortune for those who are hopeless or feel lacking in their daily income, so they hope that gambling can give them new hope when they win. This is the thinking of people who cannot think sensibly that they should not have high hopes in gambling because gambling is not a sure way to make money.
Of course, with sympathy, you can advise people who fail in their gambling to think realistically because gambling is not for making money.

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December 08, 2023, 11:49:17 AM
 #125

In my opinion, do not see or remember the losses that have occurred with gambling,  because before gambling they should know that gambling is great, of course what is obtained is defeat not victory. And if they are like that,  it's better not to gamble if only to remember the losses that have occurred, because gambling is only for entertainment not to make money primarily.
we often see or read that Gambling is for fun and not to make money , but are you a gambler?
if yes then have you not expect to win when you gamble , or you are just nothing but commenting that does not
really understand what gambling is all about. because for how many years that people keeps calling gambling for
entertainment but does not really gamble in regular basis meaning they dont know what is gambling and for what really is.
And do you know what gambling is? And are you one of the gamblers who wants to win in your gambling activities, literally gambling is made as a place to make money, or multiply the money you bet in the casino, I personally do not deny that.

We are all people who declare gambling as fun, we know that, but we have a different perspective on gambling, I also used to use that view like you, but after I studied the victory in gambling is very small so it would be nice if you already have an interest in gambling is to make it a tool for your own entertainment or with your friends, because if the victory you are looking for it will make yourself impulsive towards gambling activities that can make you mess up for the rest of your life.

In the end, the gambling winnings we get from the gambling we do, are a bonus and do not consider the winnings a necessity that we must get from gambling.
 
If I take it literally, I also agree that gambling is a place to make money or double money, because if we are lucky then we will get a win that makes the balance we have at the beginning become a lot, the amount is also uncertain because it is a random system, but if it is to be the main income in life I myself do not recommend it.

Gambling will indeed be fun if we can consider it as entertainment not as a source of income, because if you consider it as the main income it will be sad in the future, because most of those who consider gambling as the main income like that they experience losing a lot of money because of the pursuit of victory as well as this will destroy a person's life where his life is peaceful and calm, if they are already addicted then there will be a difference in their behavior which may also be negative. in contrast to considering it as a means of entertainment, someone will have a limit on gambling not to gamble excessively because they are aware of the impact that gambling has on it is not playing. So even though it can be interpreted as a money multiplier but we should not get addicted to it because it is not a good thing.
Every game can teach you about luck, trends, and even psychology. It's like a live-action class where you're both student and participant. You bring up an important point when you say that it could be addicting. Could we use gambling to see how disciplined we are? Setting clear limits, we use each lesson as a chance to work on self-control and learn how to leave without worrying about what will happen. This control that I put on myself might show up in other parts of my life, right? So, gambling changes from a habit that could hurt you to a way to improve yourself. It's not about winning or losing money; it's about learning more about ourselves and how we make choices

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December 08, 2023, 02:11:54 PM
 #126


In addition, each gambler has a different approach to his gambling involvement, each person has a different amount of loss and we have to put a little question mark on those who have a large amount of loss about how they can experience such a large amount of loss. It is a matter of luck that everyone has different luck whether it is in terms of the amount of winnings or when they will win.

If you see the situation of others who always seem to be profitable then you want to have the same luck as them then believe me the final result of your experiment 90% will not match the results they get, it could be greater and could be lower or even not produce at all. It's too complicated because everyone has a different portion of luck, so of course it's better to take care of yourself rather than always being affected by other people's situations. Lastly, it makes no sense to compare yourself to others especially when it comes to luck, because it's always unknowable when it comes and how much it will be if you win.
Different approach indeed on which not all people would really be that mindful on whatever actions that they are making. Losing up your composure is really just that normal because no one really likes on losing money
on which if the results of the game that we are playing turns out to be negative then it would really be that basically reflecting on how you would really be that reacting into that one. We are really just that
human beings and just like been said by some people above that we are really that emotional beings on which it would be basing up on what are the things that you are dealing with.

This is why it is really that important that on the time that you are dealing with gambling then you should really expect the unexpected specially when it comes to results. When gambling then it would be always pertain
about neither losing or winning which would really vary or depending on how lucky you are because not all would really be that on the same level on being lucky and this is why it would really be
that resulting into different conditions and situations on which a certain person or individual might be able to experience. Emotional impulsiveness would also be different and this is why
we do see someone who do react more compared to another one. Control does really vary!

I think there are two things that can make us lose consciousness in our gambling involvement, first is winning, we often find that someone can be carried away by the situation that can make them feel happy, do not remember the time to go home and what they want is to continue playing because they think that it looks like a bigger luck they will get soon and that is greed. The second is a losing situation, your emotions will play a big role when you are in such a condition, the absence of responsibility makes you unable to accept a bad result, so it makes you emotional and continue gambling with the intention of catching up with the loss and it can also be said to be carried away but it refers more to losing calm because the final result is not what you want.

That's right, and that means luck varies greatly, as I said earlier that everyone's luck has its portion, so you can't if you want to have the same luck as them, especially in terms of a big enough win. A person's behavior and nature from birth will produce a different reaction between you and other people in terms of results that are not in accordance with the wishes, for example someone who has a personality that is easily provoked and provoked or temperamental.
will definitely be excessive in acting out his emotions.

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December 08, 2023, 02:42:31 PM
 #127

I have seen some facial expression gamblers that I am emotionally touched about and feels they have loosed more than they can handle and feels they deserves an condolence winning. While I empathic with him his amount of lost, I am then to consoling myself that someone on here has lost more than I do.

This is exactly how some gamblers runs out of gambling budgets and goes bankrupt because they fails to figure what their net worth or incomes value is.

They are basically to believe one who lost $20 has lost more to them who looses $10.

That is normal to be emphatic to other fellow gamblers when they lose a lot,I remember when I used to lose big one time many years ago and I even lost money that I needed to eat,being deep down in addiction not only one person but a couple of them gave me condolence tips of 10-20 Euros and I only then realized what I have done and what gambling addiction can do to you,it can totally destroy your senses like it did to me at that time.

I never think that someone lost more than me,I just think that I am fighting to hit that huge multiplier and when I lose I do not condone myself to think that other lost more,I am very angry as why I didn't hit that huge multiplier although I know chances when playing slots are 0 or almost 0 in the long run.

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December 08, 2023, 03:06:15 PM
 #128

I have seen some facial expression gamblers that I am emotionally touched about and feels they have loosed more than they can handle and feels they deserves an condolence winning. While I empathic with him his amount of lost, I am then to consoling myself that someone on here has lost more than I do.

Do we actually needs to pity any gambler when they make loss, we don't also console them when they make a big win and enjoy their fund alone, gambling should be known for it risk, we shouldn't gamble the amount of money we cannot afford to loose, when we take any decision with gambling that is beyond what we can handle, then that's on our own risk, you're also right, if you consider your own lost compared to others, you will discover you're nothing to be compared to what others have been through.

R


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December 08, 2023, 03:26:00 PM
 #129

Do we actually needs to pity any gambler when they make loss, we don't also console them when they make a big win and enjoy their fund alone, gambling should be known for it risk, we shouldn't gamble the amount of money we cannot afford to loose, when we take any decision with gambling that is beyond what we can handle, then that's on our own risk, you're also right, if you consider your own lost compared to others, you will discover you're nothing to be compared to what others have been through.
In as much as it will turn out that our losses may be nothing compared to that which others have lost if we are to start comparison, that still doesn't mean we should not be sympathetic or overly sympathetic with those who happens to be in such situations but then hopefully they will get pass it within a number of time.

Gambling with what you can afford to loose and how well you can manage your risk should most times be our priority but otherwise we would be the next line that they would be sympathizing with after our next losses. These gamblers if they turn out lucky with such risk, they most times go quiet and mute about it, not sharing their sins the way they share their losses to get sympathy from people around, so in variably they should most times be left to grieve over their losses.

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December 08, 2023, 03:47:45 PM
 #130

I have seen some facial expression gamblers that I am emotionally touched about and feels they have loosed more than they can handle and feels they deserves an condolence winning. While I empathic with him his amount of lost, I am then to consoling myself that someone on here has lost more than I do.

This is exactly how some gamblers runs out of gambling budgets and goes bankrupt because they fails to figure what their net worth or incomes value is.

They are basically to believe one who lost $20 has lost more to them who looses $10.

That's why most people here always say to gamble for fun, not for anything else. Even if you lose, it's okay because the only goal is to have fun.
As much as possible, we should always have control over ourselves as gamblers in this field.

It's okay to lose; what's not okay is to lose a lot of money because we didn't control our emotions or ourselves. You know that gamblers often lose and winning is very seldom in the gambling platform.



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December 08, 2023, 03:50:26 PM
 #131

Do we actually needs to pity any gambler when they make loss, we don't also console them when they make a big win and enjoy their fund alone, gambling should be known for it risk, we shouldn't gamble the amount of money we cannot afford to loose, when we take any decision with gambling that is beyond what we can handle, then that's on our own risk, you're also right, if you consider your own lost compared to others, you will discover you're nothing to be compared to what others have been through.
In as much as it will turn out that our losses may be nothing compared to that which others have lost if we are to start comparison, that still doesn't mean we should not be sympathetic or overly sympathetic with those who happens to be in such situations but then hopefully they will get pass it within a number of time.

Gambling with what you can afford to loose and how well you can manage your risk should most times be our priority but otherwise we would be the next line that they would be sympathizing with after our next losses. These gamblers if they turn out lucky with such risk, they most times go quiet and mute about it, not sharing their sins the way they share their losses to get sympathy from people around, so in variably they should most times be left to grieve over their losses.

Gamblers are hopeful when they gamble their money even if it's their last they just cross their fingers and brag about how much they lost. You can be sympathetic to some of them but probably to those who genuinely need sympathy. Apparently, hard to see how genuine a person is even in times when he needs money the most.
A few dollars he will be grateful for it and you can only hope he will do the right way and not gamble with what little he has.

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December 08, 2023, 04:18:07 PM
 #132

Maybe Op doesn't like the gambling site he is promoting, so he is looking for other gambling sites and casinos that will give him the feeling that he will be happy here. Although Bitvest has been around for a long time, of course there are many crypto gambling games that have come out now after a few years have passed.

But anyway, it's better to try something else, so all I can say to Op is to try blackjack, then slot games, which I think are okay for a newbie like him.
Slot games are the easiest among other gambling games. And there are already many casinos that have many interesting slot providers to play. It is a normal thing when there are gamblers who want to find a new atmosphere in a different casino, and that is also the wish of @OP. What @OP must pay attention to is that whatever gambling game he plays, he must be able to use the money he can afford and not use more money. Otherwise, he will only lose the money and will regret it when he is finished gambling. And don't forget to be able to control yourself while gambling because in gambling, there will be many temptations that might make you forget to stop gambling.

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December 08, 2023, 06:38:47 PM
 #133

They are basically to believe one who lost $20 has lost more to them who looses $10.

The question should be, how much is 20k worth to the one lost it and how much is 10k worth to the person who lost it. Bankroll differs amongst gamblers, supposedly my bankroll is over 100k and then I loose 50k, and then another gambler's bankroll is around 10k and he looses 9k, who would you say have lost more money. Me or the other gambler?


In terms of mathematics, of course you are the one who has lost a lot of money in gambling. However, keep in mind that each person has their own limitations and abilities. There are those who think that losing 50k is a very large amount and there are those who say that losing 50K is a small amount, this depends on a person's financial and mental condition. Because there are people who are financially incapable but force themselves to gamble and risk all the money they have and the largest amount they have at that time is 50K, then when they experience a defeat they will really regret it. and it could be that the largest bet amount he has spent is the smallest amount ever spent by someone who is financially sufficient.

Meanwhile, for people who have a bad mentality, when they experience a loss of any amount, they will assume that it is quite a large amount, because they are really unable to accept a loss when gambling.

Exactly my point OP, a gambler's financial capability is measured by his bankroll, and that should also influence the gambler's staking power and the kind of risk he is to take when gambling, a gambler who knows his bankroll is only 50k and then risks the whole of the 50k is acting out of greed, and there's a two way outcome to it, to eith double his total money or loose it all. Some gamblers feel this kind of risk is worth taking but I think it's too much of a risk .

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December 09, 2023, 09:25:58 AM
 #134

When you are on the foot of those losing gamblers then they dont really care on what are others condition and on how much they have lost already. They would really be just that minding on their own business
and would be minding about on how they would really be able to cover up their losses or trying out to break even.
This is exactly how it feels. Most lot of gamblers holds their faiths at lost appreciating its ratios of lost in the gambling after comparing and evaluating what they have lost and what the others has lost failing to understand that a gamblers losts and a gamblers wins is within itself.
So basically... When they wins, they seems to compare others who has been counting lost in the gambling table and believes they are at the safer side also at when loses, the looks upon knowing how much total lost of others and also check on how much they have lost to consolidate itself with a self sympathy.
They are usually likely to recalling of historical gambling experiences as reference and not just minding its businesses and thinks about the now or later.
They are best to uphold sympathetic memories upon it selves.

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December 09, 2023, 10:15:49 AM
 #135

If I take it literally, I also agree that gambling is a place to make money or double money, because if we are lucky then we will get a win that makes the balance we have at the beginning become a lot, the amount is also uncertain because it is a random system, but if it is to be the main income in life I myself do not recommend it.

Gambling will indeed be fun if we can consider it as entertainment not as a source of income, because if you consider it as the main income it will be sad in the future, because most of those who consider gambling as the main income like that they experience losing a lot of money because of the pursuit of victory as well as this will destroy a person's life where his life is peaceful and calm, if they are already addicted then there will be a difference in their behavior which may also be negative. in contrast to considering it as a means of entertainment, someone will have a limit on gambling not to gamble excessively because they are aware of the impact that gambling has on it is not playing. So even though it can be interpreted as a money multiplier but we should not get addicted to it because it is not a good thing.
Every game can teach you about luck, trends, and even psychology. It's like a live-action class where you're both student and participant. You bring up an important point when you say that it could be addicting. Could we use gambling to see how disciplined we are? Setting clear limits, we use each lesson as a chance to work on self-control and learn how to leave without worrying about what will happen. This control that I put on myself might show up in other parts of my life, right? So, gambling changes from a habit that could hurt you to a way to improve yourself. It's not about winning or losing money; it's about learning more about ourselves and how we make choices

I think by using gambling to see how disciplined we can be, because when we win we have to be able to immediately cash it in, and when we lose, we don't gamble anymore to chase the win, well by doing these two things we can test our discipline in gambling. does this sound ridiculous or absurd?
And also I think in gambling there are also things that can be a lesson for us such as, with defeat. where we can learn to accept it well do not let the defeat make us emotional towards gambling.

Maybe you are right, it's not just about winning and losing. but it's also about how we learn to deal with all the problems that exist in gambling.

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December 09, 2023, 12:28:51 PM
 #136

Every game can teach you about luck, trends, and even psychology. It's like a live-action class where you're both student and participant. You bring up an important point when you say that it could be addicting. Could we use gambling to see how disciplined we are? Setting clear limits, we use each lesson as a chance to work on self-control and learn how to leave without worrying about what will happen. This control that I put on myself might show up in other parts of my life, right? So, gambling changes from a habit that could hurt you to a way to improve yourself. It's not about winning or losing money; it's about learning more about ourselves and how we make choices
Luck can't be learned but it is already on us. And it only comes out naturally when it is now time.
Yes, we can use gambling to see if how disciplined we are and it is actually better than the others because gambling is pretty addicting.

I am sure many are going to fail the test or they will get a low grade, but they can still improve it if they will learn on their mistakes and study hard if what they can do to be more successful on controlling their selves. For the many, they only treat gambling the way it is commonly used but those who think beyond than that, can carry what they experience in gambling to other aspects of their life, but that is mostly the positive traits.

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December 09, 2023, 08:56:40 PM
 #137

~

Exactly my point OP, a gambler's financial capability is measured by his bankroll, and that should also influence the gambler's staking power and the kind of risk he is to take when gambling, a gambler who knows his bankroll is only 50k and then risks the whole of the 50k is acting out of greed, and there's a two way outcome to it, to eith double his total money or loose it all. Some gamblers feel this kind of risk is worth taking but I think it's too much of a risk .

If we bet by handing over all the money we have or what is better known as "All in", that is nothing but carelessness. But even so, there are still many people who behave like that, they complain about their fate in gambling.

And there is a story where I was traveling with my friend who was quite far away. And when we were in the middle of the road to go home, we only had 50 thousand left, so I felt a little uncertain because that amount of money wouldn't be enough to get home and on one side our stomachs were also rumbling. And in that situation, my friend took the initiative to deposit the money to gamble. At the start of the game we won, and the money was multiplied three times. However, how stupid my friend was at that time, instead of withdrawing the winnings, he instead doubled the bet to make it even bigger because he thought that victory and luck were on his side. And unfortunately at that time all the winnings were sucked back into gambling. Even though I was warned to withdraw the winnings. and in the end to be able to eat and continue my journey home, I had to borrow money from my brother. However, from this incident I learned a lesson, that there is only a slight difference between courage and recklessness.

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December 10, 2023, 12:00:34 AM
 #138

If we bet by handing over all the money we have or what is better known as "All in", that is nothing but carelessness. But even so, there are still many people who behave like that, they complain about their fate in gambling.
usually, something like this happens because they always lose in the previous game and want to back all their capital quickly. we can't blame them because this nature happens to every gambler. I've done it and sometimes succeeded in returning my loss. but it does require very precise calculations, if done blindly, the player will lose all his money like before. Players like this always rely on their instinct then calculation, so it looks sloppy and greedy.

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December 10, 2023, 07:48:55 AM
 #139

If we bet by handing over all the money we have or what is better known as "All in", that is nothing but carelessness. But even so, there are still many people who behave like that, they complain about their fate in gambling.
usually, something like this happens because they always lose in the previous game and want to back all their capital quickly. we can't blame them because this nature happens to every gambler. I've done it and sometimes succeeded in returning my loss. but it does require very precise calculations, if done blindly, the player will lose all his money like before. Players like this always rely on their instinct then calculation, so it looks sloppy and greedy.
I call it frustration when a gambler experiences a losing streak and at the end of the bet he only has a few bets left and thinks in annoyance of trying to go all in with all the rest of his budget to try to recover his budget and to be honest I often do this if I feel annoyed betting on roulette but losing streak came and when I was all in, I said "ah never mind, this is the last bet, it will definitely win".
sometimes these instincts can be right and recover, but more often they fail and I fully support your opinion on this.

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Mauser
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December 10, 2023, 08:41:02 AM
 #140

This is exactly how some gamblers runs out of gambling budgets and goes bankrupt because they fails to figure what their net worth or incomes value is.

They are basically to believe one who lost $20 has lost more to them who looses $10.

From a gamblers point of view I can understand that, we spend a lot of money and feel entitled for a big win after a losing streak. Unfortunately, this is not how gambling works, the casino games are based on mathematics and statistics. One of the most important things in gambling we need to remember is that each round is independent from the previous ones. It doesn't matter if there was 10 or 20 times in a row red at the roulette table, the chance for black to come next round is exactly the same. Humans like to see patterns, which is why our brain tells us that there will be black next round, or that we deserve to win now after a losing streak. This also makes chasing losses very risky and I try to avoid it as much as possible.
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