Focus on how much you may lose and not only the potential win.

[Promocodeudo]

There are gamblers that have a bad plan or no plan at all about their life, they gamble with whatever amount they have rather than what they can afford to lose that won't be a worry to them if lost. There's this thought that am sure almost every gambler that have won a bet before must have had. which is the thought of "had I knew this game was going to win  I would have used bigger amount of money to wager".

A situation where the stake for the bet he won was $1k, the next statement you hear is how wish I knew I would have staked with $5k. The question is, the $5k is it an amount of money that you can be comfortable losing or it's just out of greed that you are not contented with the win amount the $1k gave you.

The fact that you won  using $1k today doesn't give assurance that if you had used higher amount or that your next bet that you probably increased the wager in order to win a bigger amount will play. As gamblers let not focus all attention on the amount that we may by chance of luck win but on what we are to lose should we fail to win the bet, in that way we won't spend on gambling above what we can afford to lose.
Stay in check!

OP, I want you to understand that there is a stage a gambler will reach in gambling he or she will no longer think about gambling with what they can afford to lose, there major focus now is to putting more effort in other to win, that's how gamblers think, a gambler believe that if they gamble with a lesser and high stake there is a great possibility of them winning than losing because of the safer odd they selected, most gamblers bet high when the win because their mindset is like, we are using the money we won to go back not our personal money and this will make them take more risk than they do before, it is normal for a gambler to behave because that's their reasoning. 

[1714709286]

1714709286

[Mia Chloe]

This is definitely a very good gambling advice. Gambling in terms of win and loss is usually a 50/50 chance which is a nice odd on winning but also risky on the side of losses.
It is very important for gamblers to take into consideration what they may lose if they eventually loss a stake.

However most times gamblers fail to do that because they sometimes keep a blind eye to the effects of the loss and focus only on the possible win. When staking in a luck based game it is important to also consider your chances of losing as a guide for the right amount to stake.
Addicts in some occasions can even stake heavily when they are aware that the have a very thin chance of winning. This is a very wrong practice.

[junder]

I agree with you, someone who is addicted to gambling or is obsessed with gambling tends to have a stubborn attitude and doesn't care about things that happen, such as the losses they experience. Their annoyance will probably also make them gamble more aggressively. In my opinion, in order for them to stop gambling, it seems like they have to have self-awareness first, because if they are aware of the losses that have occurred, they will probably start to consider gambling.

Of course this is a difficult thing, because it is impossible if they are already addicted or obsessed with gambling to stop completely at once, of course they have to face various things, including restraining themselves from being tempted by gambling. because they could be in the process of recovery but when they see their friends get a big win then they might go back to gambling, but if people are consistent with their decisions maybe they won't be easily tempted, even if their friends get a big win.

Gambling reflects our ego, a test of our nerves and greed. At first, many players play calmly, but then they are consistently swung from side to side by emotional swings, like a pendulum. From winning when the player imagines buying a new car, but losing when thoughts arise about borrowing money to continue this entertaining process. So, if a person is calm and balanced, he can simply close the game and continue next time, without the influence of emotions on him, but there are few such players. This will certainly infuriate other players and they will begin to bet more and more each time and at some point it will lose common sense. Therefore, the main thing here is to think about what we are like inside and what the game can do to us in the worst case, before playing it. What losses can we suffer? I am sure that almost no one ever thinks about this, everyone just wants to get rich quickly and have fun.

You are right, in my opinion gambling can change the mind of someone who gambles in a short time, because those who initially play calmly can become tense because the gambling they do gives them a sensation that makes them stunned, like almost getting a big win. and this factor also makes their emotions uncontrollable, when they lose but they almost win and that can make them influenced by things that make them gamble again.

Indeed, only a few people can control their emotions when gambling, many of them cannot control their emotions, especially when they lose. When they lose, they should take action to just stop and continue another day, because maybe on another day they will have good luck. side that made them win. that's true, I think almost no one thinks about that, because they only think about the victory they can get, on the other hand,  victory cannot possibly be obtained easily, because the chance of winning in gambling is still less than the chance of losing who is in gambling. This needs to be remembered, because it is to prevent them from doing excessive gambling. just like preventing emotions from occurring, it is completely in their own control, also with emotions that exist it is completely in their own control.

[Hirose UK]

This is definitely a very good gambling advice. Gambling in terms of win and loss is usually a 50/50 chance which is a nice odd on winning but also risky on the side of losses.
It is very important for gamblers to take into consideration what they may lose if they eventually loss a stake.

No, if you understand correctly then the chances of losing can be much greater and this is proven by how many more losses get than wins.
When all gamblers calculate the final results of all bets from the beginning until now, I am sure that 70% are defeats and 30% of them are wins, so it can be concluded that defeat is more certain guarantee.
Yes, all gamblers must take into account and consider every loss and risk of defeat that will occur, this aims to prevent defeat.

However most times gamblers fail to do that because they sometimes keep a blind eye to the effects of the loss and focus only on the possible win. When staking in a luck based game it is important to also consider your chances of losing as a guide for the right amount to stake.
Addicts in some occasions can even stake heavily when they are aware that the have a very thin chance of winning. This is a very wrong practice.

This is all because gamblers believe that victory is on their side, whereas there is no single aspect that can guarantee victory for the gamblers.
Moreover, when see that there are opportunities that are quite convincing and there are odds that are worthy enough to bet on, then all the risks can seem like they don't exist.
The average gambler, especially those who are addicted, have almost the same perspective and mindset, namely that they don't care about the risks and they forget what defeat is.
This is why an addict can experience bigger losses and even losing streaks occur more frequently.

[Jody.Drummer]

Honestly now I feel something different in my life, I really feel calm and my money can be balanced because there are no unnecessary expenses such as the budget for gambling, the point is that my obsession with gambling especially on winning has been greatly reduced due to boredom, I don't know if there are gamblers out there who also experience the same thing as me, and my advice if you already feel bored like this then don't let you try to return to gambling because it is still a thing that might eventually tempt you back, for myself honestly I prefer to keep myself busy with many other things.

I am glad to listen to your own story about quiting of gambling. Gambling at most times comes with negativity rather than positivity.  Although one will say, gambling has some advantages, however the disadvantages of gambling are much more than the advantages.

1. Gambling have caused so many people into psychological problems, because of the high level of probability and unpredictability, many people become highly tensed and frustrated and as such becomes mentally derailed.

2. Gambling makes a lot of people to enter into financial crisis. As bad as the economy of the world is, gambling have caused many people into financial issues and debts thereby affecting them in life.

3. Gambling is regarded as a game of pleasure or a game that people engage in for fun. Because of the nature of the games, it makes it difficult for people to leave it even when they are recording failure. They still stick to playing the gambling games and deriving pleasure in them.

One have to be truly honest about gambling, and the honesty is that, although gambling  have his advantages, but the disadvantages that comes with the advantages are humungos.

Yes honestly I am very grateful when people face a lot of gambling problems whether it is addiction or impact or problems as a result of addiction but it turns out that I myself can do something like this where suddenly and without any intention a sense of boredom comes to my mind even though there is a chance of winning which is always a goal by most people but this is really boring for me, you are right friends overall what dominates in gambling is the bad impact whether it is losing a lot of money or even to stress, one of the reasons is because obviously the percentage of winning is much lower than losing and this is also what makes me even more demoralized to gamble again.

Of course, gambling is very mentally and psychologically involved and if you engage in it with seriousness especially if your main focus is on winning then obviously you will feel psychological disorders because the final result is more losing than winning and that makes us emotional.

As pointed out above, the winning percentage is much lower than the losing percentage and this is confirmed by the fact that you must also know that losing at the end of the session is more common than winning and obviously for people who overdo it in trying to win then usually the opposite happens, they suffer from the problems you mentioned which is one of them losing balance in terms of finances.

That's right, it's nothing more than a game of chance without any certainty as to the end result, so the best advice is to be a responsible gambler.

[maydna]

~snip~

Well that's right, I experienced what you said about too many defeats that made me feel bored in the end and this is also enough to encourage me to finally reduce my gambling activities, to be honest at first I was a gambler who could be said to be very active, I couldn't miss a day not to gamble, even one day I can do several sessions on types of gambling such as slot machines which are now very busy in the conversation and when defeats continue to dominate after that I really feel a sense of boredom with a little sense of despair because in my mind I can already guess that the end result will definitely be the same as what I often experience, namely losing so that it makes my interest in winning even less until finally now I am very rarely involved in gambling, I don't remember when I last gambled but if I'm not mistaken about 2 months ago.

Honestly now I feel something different in my life, I really feel calm and my money can be balanced because there are no unnecessary expenses such as the budget for gambling, the point is that my obsession with gambling especially on winning has been greatly reduced due to boredom, I don't know if there are gamblers out there who also experience the same thing as me, and my advice if you already feel bored like this then don't let you try to return to gambling because it is still a thing that might eventually tempt you back, for myself honestly I prefer to keep myself busy with many other things.

Well, I think you are not alone in feeling boredom because I have also experienced it, and it made me try to reduce my gambling activities. I feel bored when playing gambling because the result is always losing and rarely winning, even small wins. But I am grateful that by reducing gambling activities, I can really divert my mind from gambling so that I don't think about gambling even when I'm relaxing. Experiencing losses more often makes me think about the benefits of gambling for me because as long as I gamble, I often lose more than I win. And if people realize that if they are on a losing streak, they may need to give up gambling for a while.

It's good if you can feel calm by reducing your gambling activities so that you don't think too much about gambling anymore. Overcoming boredom by taking a short break is worth doing because it can help to calm your thoughts about gambling. They can also distance themselves from the continuous losses they experience so that those who are bored of gambling can try to divert it to other things so that at least it can reduce their gambling activities. It also helps them to avoid problems from gambling.

~snip~

A gambler who doesn't win will easily stop gambling compared to those who win while losing at same time. The winning helps to thrill the gambler to participate further in the game. The minimal wins for the player, means he could win the bigger amount. Those different thoughts have unique effects on the gambler. Some would reach there, while others will struggle out of the trouble chasing losses leads them. The greedy players don't get content of what they've won. They try to earn bigger amount, by wagering higher than their constant amount money. Here, the gambler can get upset over his new decision. Which can affect their earnings. Staying contented as a gambler, helps in limiting the losses of the gambler to a minimal stage. Thereby, the gambler easily understands his strategies and control himself.

However, some gamblers have experienced loss and will decide to continue gambling because they feel they still have a chance to win. They still feel confident to continue gambling, so they will try again another day and will even try gambling again with more money. If they can win, it doesn't satisfy them, but they will continue gambling to get even bigger wins. That is the greed within a gambler where they don't think about losing again. And if they lose again from continuing to gamble, they will probably be annoyed and say they will come back another day to avenge their loss. If his goal is like that, he will only try to recover from his loss first and then try to win. But instead of recovering from his losses, he will lose even more so that he won't be able to win.

[Lida93]

There are gamblers that have a bad plan or no plan at all about their life, they gamble with whatever amount they have rather than what they can afford to lose that won't be a worry to them if lost. There's this thought that am sure almost every gambler that have won a bet before must have had. which is the thought of "had I knew this game was going to win  I would have used bigger amount of money to wager".

A situation where the stake for the bet he won was $1k, the next statement you hear is how wish I knew I would have staked with $5k. The question is, the $5k is it an amount of money that you can be comfortable losing or it's just out of greed that you are not contented with the win amount the $1k gave you.

The fact that you won  using $1k today doesn't give assurance that if you had used higher amount or that your next bet that you probably increased the wager in order to win a bigger amount will play. As gamblers let not focus all attention on the amount that we may by chance of luck win but on what we are to lose should we fail to win the bet, in that way we won't spend on gambling above what we can afford to lose.
Stay in check!

OP, I want you to understand that there is a stage a gambler will reach in gambling he or she will no longer think about gambling with what they can afford to lose, there major focus now is to putting more effort in other to win, that's how gamblers think, a gambler believe that if they gamble with a lesser and high stake there is a great possibility of them winning than losing because of the safer odd they selected,

The measure to verify that a gambler is not getting addicted is by how he's very conscious of his bankroll not  gambling beyond what he can afford to lose and if he got to a stage he's no more concerned about how much money he's losing then that's a clear sign of addictive tendency. As a gambler Whether you gamble lesser or higher, let it be that your higher in amount is within the range of what you can afford to lose so it doesn't seem your gambling recklessly.

most gamblers bet high when the win because their mindset is like, we are using the money we won to go back not our personal money and this will make them take more risk than they do before, it is normal for a gambler to behave because that's their reasoning. 

This is a wrong mindset for a gambler to dwell with, winning doesn't occur regularly for before a gambler could have a win he must have made series of losses that with a single win it is like recouping all the losses he has made previously so therefore having the mindset that it is money won and it is okay to dive all in with all of the money it is all a loss loss for you because the money want wasn't one from the pocket of the house but from your previous losses and that is why each win will make from gambling we shouldn't celebrate as if it was money one against the house that is why it is said we cannot beat the house for that's one of the hedge they have over we the gamblers.

[Jody.Drummer]

~snip~

Well that's right, I experienced what you said about too many defeats that made me feel bored in the end and this is also enough to encourage me to finally reduce my gambling activities, to be honest at first I was a gambler who could be said to be very active, I couldn't miss a day not to gamble, even one day I can do several sessions on types of gambling such as slot machines which are now very busy in the conversation and when defeats continue to dominate after that I really feel a sense of boredom with a little sense of despair because in my mind I can already guess that the end result will definitely be the same as what I often experience, namely losing so that it makes my interest in winning even less until finally now I am very rarely involved in gambling, I don't remember when I last gambled but if I'm not mistaken about 2 months ago.

Honestly now I feel something different in my life, I really feel calm and my money can be balanced because there are no unnecessary expenses such as the budget for gambling, the point is that my obsession with gambling especially on winning has been greatly reduced due to boredom, I don't know if there are gamblers out there who also experience the same thing as me, and my advice if you already feel bored like this then don't let you try to return to gambling because it is still a thing that might eventually tempt you back, for myself honestly I prefer to keep myself busy with many other things.

Well, I think you are not alone in feeling boredom because I have also experienced it, and it made me try to reduce my gambling activities. I feel bored when playing gambling because the result is always losing and rarely winning, even small wins. But I am grateful that by reducing gambling activities, I can really divert my mind from gambling so that I don't think about gambling even when I'm relaxing. Experiencing losses more often makes me think about the benefits of gambling for me because as long as I gamble, I often lose more than I win. And if people realize that if they are on a losing streak, they may need to give up gambling for a while.

It's good if you can feel calm by reducing your gambling activities so that you don't think too much about gambling anymore. Overcoming boredom by taking a short break is worth doing because it can help to calm your thoughts about gambling. They can also distance themselves from the continuous losses they experience so that those who are bored of gambling can try to divert it to other things so that at least it can reduce their gambling activities. It also helps them to avoid problems from gambling.

Yes maybe you are the same as me in terms of experience in the world of gambling, I don't know if there are enough people who have also managed to quit gambling activities because they are tired of losing or not, on the other hand I think not everyone can take this path when losing dominates them, Or I mean not everyone can choose to quit when they have lost enough because there are also those who are basically gamblers who are unable to accept the fact that they lost and what happens instead is an act of revenge, they come again with a large amount of budget as a dedication to chasing victory and returning something that has been lost and it's not once or twice they do but while they have money then there is a possibility to chase victory.

So I think it depends on the person too, but honestly I don't know what influences or causes why they choose something else, and yes maybe I will predict a little that they don't have the right understanding of gambling at all or it could be that they have a personality that is easily provoked by things that upset them even though it's trivial and that's why obviously when defeat dominates then yes usually they will chase victory. On the other hand, I hope there will be more people who have the same feelings as me or you, which I hope they feel bored when they always lose so that they can slightly reduce unwanted things such as the amount of defeat.

[retreat]

I agree with what you said that a gambler should focus on how much he might lose not on his potential winnings. By considering how much he might lose, a gambler can avoid bad decisions that might interfere with his financial condition. And considering the risk of loss also includes a responsible attitude that can make gambling activities enjoyable and prevent gamblers from becoming addicted to it and maintain their mental health.

[topbitcoin]

It's true that you can efficiently manage your risk by only wagering how much you're willing to lose. There is always a danger of losing a bet while gambling, which is intrinsically unpredictable. We can therefore shield ourselves from any financial hardship or emotional distress that might result from losing more than we can afford to lose if we establish a limit on what we are willing to lose.

 

Yes… these are all just estimates because there is no single strategy that can provide a 100% guarantee of victory. So it's not a good thing if we have to bet everything on something we're not sure we'll get. “Bet correctly, so that it is easier for us to control it” and we must be well aware that there is only a slight difference between “brave” and “reckless”. someone who is brave enough in betting, he will always be able to pay off any amount he loses in gambling, but someone who is careless enough without having to think twice, he is very brave if he has to bet a large enough amount, but he is unable to accept a loss. someone who is careless, there is always regret behind the amount of his big bet.

We tend to be more logical and thoughtful in our decision-making when we wager an amount we are willing to lose. And as we all know, making emotional decisions can result in rash and impulsive wagers since they are frequently motivated by the need to recoup losses.

And I agree about that. because when gambling or betting, we really have to have a cool head, good emotional control and good financial control too. So the decisions we take are really quite mature and have gone through various stages, such as gathering information, using strategies and good analysis.

[maydna]

~snip~

Yes maybe you are the same as me in terms of experience in the world of gambling, I don't know if there are enough people who have also managed to quit gambling activities because they are tired of losing or not, on the other hand I think not everyone can take this path when losing dominates them, Or I mean not everyone can choose to quit when they have lost enough because there are also those who are basically gamblers who are unable to accept the fact that they lost and what happens instead is an act of revenge, they come again with a large amount of budget as a dedication to chasing victory and returning something that has been lost and it's not once or twice they do but while they have money then there is a possibility to chase victory.

So I think it depends on the person too, but honestly I don't know what influences or causes why they choose something else, and yes maybe I will predict a little that they don't have the right understanding of gambling at all or it could be that they have a personality that is easily provoked by things that upset them even though it's trivial and that's why obviously when defeat dominates then yes usually they will chase victory. On the other hand, I hope there will be more people who have the same feelings as me or you, which I hope they feel bored when they always lose so that they can slightly reduce unwanted things such as the amount of defeat.

Perhaps some people experience the same thing as we do and finally decide to stop gambling for a while. It really helps to be able to divert from gambling because stopping gambling and looking for other things that can keep us busy can provide pleasure as well as the pleasure we get from gambling. Some other people can choose to stop gambling for a while, but they still find it difficult to leave gambling, so they are not able to immediately leave gambling. But if they deposit more money into their gambling account, they may experience an even bigger loss than before. And it will be more painful than the previous experience.

Yes, it depends on the person because, in this case, their honesty will show whether gambling benefits them or they are just experiencing consecutive defeats, which means they have lost more money. Those who are still curious about gambling will not choose to stop gambling for a while because they still want to experience the challenge of recovering their losses or winning again. But it's still not easy, and it can even make them lose a lot of money because, at that time, they may not have good self-control anymore, so they are easily tempted by the promotions they see from gambling.

[Ruttoshi]

It is not all gamblers that have that mindset of winning and use their win to gamble back. Some gamblers are lucky enough to have a big win at the right time that they needed money badly to invest into something. The topic that you have presented shows that the man is a responsible gambler and knows what he is doing and what he needs in life.

I have also seen a forum member that posted what he used the money that he won from gambling to buy which was a television. If we spend our win wisely, we wouldn't regret that we have spent so much on gambling without gaining profit.

[wxa7115]

I agree with what you said that a gambler should focus on how much he might lose not on his potential winnings. By considering how much he might lose, a gambler can avoid bad decisions that might interfere with his financial condition. And considering the risk of loss also includes a responsible attitude that can make gambling activities enjoyable and prevent gamblers from becoming addicted to it and maintain their mental health.

A balanced approach is always necessary when thinking about all the possible outcomes that may come to happen due to our actions.

Since those that only think about the good things that could happen will take a bunch of unnecessary risks during their lives, while those that that only think about the negative things that could happen will miss a great deal of good opportunities as well due to being paralyzed by their fears, so we need to look at both sides of the coin and then take a decision based on what we think is best for us and the chances of each scenario happening.

[michellee]

It is not all gamblers that have that mindset of winning and use their win to gamble back. Some gamblers are lucky enough to have a big win at the right time that they needed money badly to invest into something. The topic that you have presented shows that the man is a responsible gambler and knows what he is doing and what he needs in life.

I have also seen a forum member that posted what he used the money that he won from gambling to buy which was a television. If we spend our win wisely, we wouldn't regret that we have spent so much on gambling without gaining profit.

But if gamblers have the mindset to win, they have to be careful enough because it can lead to defeat and if they cannot control themselves, the loss will be bigger. That is why every gambler must be responsible for avoiding losses when gambling.

When they can get winnings from gambling, they can use them to buy the things they want. And they should be able to allocate the winnings to meet their daily needs. That is why if we get the winning money, we must be able to know the allocation of how the money will be used.

So we can be wise in using the winning money for our lives. And getting that winning money can indeed be a life changer for us. And that's what we've been chasing all this time.

[Barikui1]

That's one of the key things most gamblers fail to watch out for, how much you can afford to lose.
Most gamblers don't know how bad it is to gambles with what they can't afford to lose, when you gambles with money that puts you at the edge of your seat, you will always be in a mood of panicking.

I believe that gambles is a thing of fun, so putting yourself in a very tight corner by gambling what you can't afford to lose is very wrong, because at that point, it's no longer fun when the bet is going against you.
I have also had a terrible experience of such, by betting what I can't afford to lose, after that terrible experience, I feared anything gambling till today.

[Promocodeudo]

There are gamblers that have a bad plan or no plan at all about their life, they gamble with whatever amount they have rather than what they can afford to lose that won't be a worry to them if lost. There's this thought that am sure almost every gambler that have won a bet before must have had. which is the thought of "had I knew this game was going to win  I would have used bigger amount of money to wager".

A situation where the stake for the bet he won was $1k, the next statement you hear is how wish I knew I would have staked with $5k. The question is, the $5k is it an amount of money that you can be comfortable losing or it's just out of greed that you are not contented with the win amount the $1k gave you.

The fact that you won  using $1k today doesn't give assurance that if you had used higher amount or that your next bet that you probably increased the wager in order to win a bigger amount will play. As gamblers let not focus all attention on the amount that we may by chance of luck win but on what we are to lose should we fail to win the bet, in that way we won't spend on gambling above what we can afford to lose.
Stay in check!

OP, I vividly understand you, but gamblers don't think this way, note the idea of a gambler is to win despite that most of them know that losing is inevitable in gambling, some gamblers see winning to be a constant thing in gambling but that's is high level of fallacy, gambling has principles and these principles must come to play, it is normal for a good gambler to have it in mind that gambling is not a certain event so that when you gamble, your expectation shouldn't be one sided, you should reason in different direction which is the aspect of failing to retain your stake or getting your stake back with profits attached.

[mvdheuvel1983]

OP, I want you to understand that there is a stage a gambler will reach in gambling he or she will no longer think about gambling with what they can afford to lose, there major focus now is to putting more effort in other to win, that's how gamblers think, a gambler believe that if they gamble with a lesser and high stake there is a great possibility of them winning than losing because of the safer odd they selected, most gamblers bet high when the win because their mindset is like, we are using the money we won to go back not our personal money and this will make them take more risk than they do before, it is normal for a gambler to behave because that's their reasoning.  

As a gambler you should never allow your self to be blinded by the winnings if you are to start chasing big profit from gambling it will take you out of the line, that’s why as a responsible gambler one need to have limit to what they have to gambler at all time.

If you focus mainly on what you can win you will notice that you will start wagering with above your bankroll especially when you see a game which looks convincing in your eyes and you think you can be able to win the game which their is no 100% sure game in the gambling industry we always try our luck and most times it goes against our predictions.

No matter how much you have won from gambling never allow yourself to be carried away by that, always stay with your principles anytime that big win want to come it will definitely come even without chasing the profit it can just happen.

[Oilacris]

That's one of the key things most gamblers fail to watch out for, how much you can afford to lose.
Most gamblers don't know how bad it is to gambles with what they can't afford to lose, when you gambles with money that puts you at the edge of your seat, you will always be in a mood of panicking.

I believe that gambles is a thing of fun, so putting yourself in a very tight corner by gambling what you can't afford to lose is very wrong, because at that point, it's no longer fun when the bet is going against you.
I have also had a terrible experience of such, by betting what I can't afford to lose, after that terrible experience, I feared anything gambling till today.

The worst is that they do really able to make themselves that assuming that they are blind as if they arent seeing those things in front of them specially on the time that they are
making some losses on which they arent really that making themselves being wary and the worst is that there would really be those kind of denial that they could really be still be able to cope
up on what they have lost via with their next bet on which there would really be those kind of mindset that they would really be needing up to at least having that kind of assumptions
that they could win up and able to break even their loses. Gamblers should really be thinking about on having that kind of probabilities that they could possibly lose that big and
ended up on a disaster.

[Woodie]

If someone is always going to be more interested in the potential profit they would win without really worrying much on the likelihood that they would lose money then such a gambler is destined to be chasing losses for failing to apply a good risk management...and this could be an element of someone new to the world  of gambling! Of course not to say this is only done by newbies but veterans can fall in this if greed gets the better of them.

That's one of the key things most gamblers fail to watch out for, how much you can afford to lose.
Most gamblers don't know how bad it is to gambles with what they can't afford to lose, when you gambles with money that puts you at the edge of your seat, you will always be in a mood of panicking.

This whole thing of winning is based on luck, and I guess they try to stretch this luck by going all out without paying attention at how they are losing their money...but I guess at times this strategy can work for others

[Onyeeze]

There are gamblers that have a bad plan or no plan at all about their life, they gamble with whatever amount they have rather than what they can afford to lose that won't be a worry to them if lost. There's this thought that am sure almost every gambler that have won a bet before must have had. which is the thought of "had I knew this game was going to win  I would have used bigger amount of money to wager".

A situation where the stake for the bet he won was $1k, the next statement you hear is how wish I knew I would have staked with $5k. The question is, the $5k is it an amount of money that you can be comfortable losing or it's just out of greed that you are not contented with the win amount the $1k gave you.

The fact that you won  using $1k today doesn't give assurance that if you had used higher amount or that your next bet that you probably increased the wager in order to win a bigger amount will play. As gamblers let not focus all attention on the amount that we may by chance of luck win but on what we are to lose should we fail to win the bet, in that way we won't spend on gambling above what we can afford to lose.
Stay in check!

know that any person who is into gambling always have a budget except that is someone that is not curious in gambling that will not be have a specific amount of money that it wants to spend in gambling, so it is good to map out money for gambling to know particular amount of money that you gamble with all you spend in any of your gambling so that whenever they lost come you will not regret it, today many people gambles without having a statistics or without having particular amount that they want to use is taking a gambling daily weekly and monthly, so if you don't know the particular amount that is supposed to use for her gambling daily and the weekly and monthly automatically you will be addicted in gambling very easy