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Author Topic: When I'm emotional, I LOSS!  (Read 5871 times)
Mr.suevie
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July 30, 2024, 07:45:44 PM
 #481

Before gambling, you should first make sure that you really understand all the meaning of gambling itself. If you are ready to win then you must be ready to lose. Likewise, when you are ready to win money, you must also be prepared to lose money. That is how we understand it properly. The thing about gambling is that there are all risks involved, that's why the average person who doesn't accept defeat means he doesn't understand the gambling he is playing. even though in gambling it's not just about winning.

That's why it's always important to limit your budget before gambling so that when the budget runs out it's best to stop gambling and then switch to other hobbies or other activities that are more positive, gambling if you don't limit your budget properly then whenever we will continue to gamble and chase to recover previous losses until playing gambling beyond limits, many people are addicted to gambling and it is difficult to cure it because the initial symptom is that they cannot accept the losses they experience. That's why I always focus on limiting my gambling budget according to the income I get, at least less than 5% and that must be ready to be lost, not money that should be used for living needs. learn to control yourself and not need to be emotional in order to enjoy the game well.  Grin


The first point you made about being ready to lose makes a lot of sense but doesn't it also mean that the gambler should be ready to chase losses... sometimes after losing its best to just give up because there's no guarantee that double or triple trials can put you back in profit... I've had an experience aviator where I lost up to 15 rounds, the plane flew away before 1.54 it was literally 15 blues..
In the aspect of limiting your budget it's very wise to do this, but not every gambler has this discipline..60 percent of gamblers constantly chase their losses without finding a way to restrict themselves
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July 30, 2024, 07:54:15 PM
 #482

Before gambling, you should first make sure that you really understand all the meaning of gambling itself. If you are ready to win then you must be ready to lose. Likewise, when you are ready to win money, you must also be prepared to lose money. That is how we understand it properly. The thing about gambling is that there are all risks involved, that's why the average person who doesn't accept defeat means he doesn't understand the gambling he is playing. even though in gambling it's not just about winning.

That's why it's always important to limit your budget before gambling so that when the budget runs out it's best to stop gambling and then switch to other hobbies or other activities that are more positive, gambling if you don't limit your budget properly then whenever we will continue to gamble and chase to recover previous losses until playing gambling beyond limits, many people are addicted to gambling and it is difficult to cure it because the initial symptom is that they cannot accept the losses they experience. That's why I always focus on limiting my gambling budget according to the income I get, at least less than 5% and that must be ready to be lost, not money that should be used for living needs. learn to control yourself and not need to be emotional in order to enjoy the game well.  Grin


The first point you made about being ready to lose makes a lot of sense but doesn't it also mean that the gambler should be ready to chase losses... sometimes after losing its best to just give up because there's no guarantee that double or triple trials can put you back in profit... I've had an experience aviator where I lost up to 15 rounds, the plane flew away before 1.54 it was literally 15 blues..
In the aspect of limiting your budget it's very wise to do this, but not every gambler has this discipline..60 percent of gamblers constantly chase their losses without finding a way to restrict themselves
Its not that you do accept loses but you should anticipate those loses so that it wont really be making out that kind of sudden spike of emotions which would lead into that desperate measures or actions.
This is really the key on here on which its not making yourself that being that desperate so that you wont really be having that kind of consequences on which it could happen to everyone who do deal off with this space. Gambling should really be that for fun and not something that makes you that too emotional or desperate because on the time that you've been expecting something positive, then you would really be definitely be making yourself that being too greedy and impulsive on which it would really be causing up that potential problem if you wont really be that careful. When you are emotional then it wont really be that limited to gambling disaster even into those typical real life conditions or situations as well.

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July 30, 2024, 08:24:33 PM
 #483

Hey, guys! Are any of you emotional gamblers who often lose because you can't control what you feel? When you lose, do you tend to double your bets or chase your losses, driven by a pride that can't accept defeat? Do you consider this a problem? If so, has anyone here been able to solve this kind of problem themselves, and if yes, how did you do it?

I have this problem, and based on my personal experience, I find that sometimes I get challenged but not too greedy because I don't have a problem quitting when I'm winning. However, when I'm losing, that's where my struggle lies.

That's why I shared it here; I feel that some of you may experience the same challenges, and I'd love to hear your ideas or experiences on how to win this battle so we can enjoy gambling.


Whatever you do without emotional control will always have a disastrous outcome, venturing into things like gambling, crypto trade and forex trading requires a high level of emotional discipline, can you put yourself under control when you are in Profit or loss? .. sometimes it's not even always about losing money, do you have what it takes to tell yourself to stop when you are in profit or when you have reached your target for the day, most people lose control of themselves and continue flipping till they burn everything they've gotten including their capital.. Always learn to control your emotions











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Odohu
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July 30, 2024, 08:39:17 PM
 #484

When I am over confident I make a stupid move and the result will be losing my capital fully. This always happens to me when I am playing crash. I have now stopped playing it because of my stupidity. I would always start with low bets and after a point when I am getting decent multipliers, I would suddenly place a big bet and the next thing that happens to me is that it gets crashed. It has happened to me in so many times and later on I realized that after a certain point I tend to become overconfident. This risky approach has costed me a good amount of money and for the time being I am planning to take a break from gambling.
I think taking a break is probably the best decision to make,  and I wouldn't really call it over confidence it's actually greed , my reason for saying this is because even when you were constantly making profit you weren't satisfied, I also have this experience with crash games that's why I can relate to this, I've lost a lot in crash games due to greed and trying to chase my losses... when you are trapped in that cycle of playing constantly you can never win, people always say that the only way to win gambling is to win and run away.. I'm also with you on this I've decided to take a long break
I think it is just few gamblers that understand the importance of taking a break from gambling in the event of consecutive loses or major wins. The few that take a break from gambling only do that after consecutive losses and this is something I confider incomplete because if a gambler did not learn to take break during major wins, there are high chances that most of the winnings will return to the casino. Of course giving back winnings is a very painful thing for the gambler so instead of this happening, it is wise to take a break after a major win to protect the money and put it to good use.

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July 31, 2024, 07:50:05 AM
 #485

At first you must seriously work on your emotions then after which you must also learn how to control your taste for money especially when you feels like doubling your money. When you are winning it gives you more courage to keep gambling and when you are losing it saddens you and hence wouldn't want to keep losing maybe you would want to apply the martingale principle to keep increasing your betting size but at then it's wrong because you are only creating more ways for you lose since the fear is already in you and hence may gambling with desperation.

And the most crucial for gamblers is to control emotions, especially when experiencing repeated defeats by making repeat deposits. to be able to control emotions with that requires discipline, plus practice. because if not trained, then someone will have difficulty controlling their emotions. we even often experience, when in a betting session often circumstances make us emotional. either in a winning moment, or experiencing consecutive defeats. even gamblers who have disciplined their gambling, are not immune to losing control. however, the situation sometimes does not always bring bad luck. sometimes, we are given the momentum to return the money that has been lost while getting an unexpected sensation of victory. well, this is gambling with everything that is uncertain. talking about some of the points you said, that's how our psychology is often affected by emotions in gambling situations. so far there is no most effective way that can be applied in general, other than us as responsible gamblers.
One hard truth is that, whenever we are about to put money or staking money into something, be it any business that has some risk exposure, there is always an emotional attachment that will follow suit on that investment or money we placed or staked, Now bringing this down to the gambling world, your level of emotion will be determined by how much you are risking, basically what you are capable of losing,

Taking you for instance, let's say ones salary is $10k,  one can lose $100 from his $10k salary and be fine but aren't gonna be that fine losing $1k out of this money, so it's necessary for every gambler to play according to their level of income or pocket and not risk funds that they will attach high emotions to and which will further affect their gambling decisions.
Yes no one can attach much emotion losing 100$ from his 10k salary and of course we know that it's actually minimal but it shouldn't be what could affect one emotions because is that huge even we still find it that hard to lose it in gambling, but still we can still reduce our gambling time and days to enable people be able to use 100 for the week or month maybe such person would not regularly gamble and could pick days and favourite weeks to gamble with that such person can mainly reduce their emotions.

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July 31, 2024, 09:20:52 AM
 #486

When I am over confident I make a stupid move and the result will be losing my capital fully. This always happens to me when I am playing crash. I have now stopped playing it because of my stupidity. I would always start with low bets and after a point when I am getting decent multipliers, I would suddenly place a big bet and the next thing that happens to me is that it gets crashed. It has happened to me in so many times and later on I realized that after a certain point I tend to become overconfident. This risky approach has costed me a good amount of money and for the time being I am planning to take a break from gambling.
I think taking a break is probably the best decision to make,  and I wouldn't really call it over confidence it's actually greed , my reason for saying this is because even when you were constantly making profit you weren't satisfied, I also have this experience with crash games that's why I can relate to this, I've lost a lot in crash games due to greed and trying to chase my losses... when you are trapped in that cycle of playing constantly you can never win, people always say that the only way to win gambling is to win and run away.. I'm also with you on this I've decided to take a long break
I think it is just few gamblers that understand the importance of taking a break from gambling in the event of consecutive loses or major wins. The few that take a break from gambling only do that after consecutive losses and this is something I confider incomplete because if a gambler did not learn to take break during major wins, there are high chances that most of the winnings will return to the casino. Of course giving back winnings is a very painful thing for the gambler so instead of this happening, it is wise to take a break after a major win to protect the money and put it to good use.

This can be called a lesson of life of sorts, because you need to take a rest after wins just as well as from losses. It's mandatory for those who love seeing numbers popping up and have the urge to go all in to double or triple the profits they gain, only to see them vanish in a minute or two.

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July 31, 2024, 11:41:00 AM
 #487

When I am over confident I make a stupid move and the result will be losing my capital fully. This always happens to me when I am playing crash. I have now stopped playing it because of my stupidity. I would always start with low bets and after a point when I am getting decent multipliers, I would suddenly place a big bet and the next thing that happens to me is that it gets crashed. It has happened to me in so many times and later on I realized that after a certain point I tend to become overconfident. This risky approach has costed me a good amount of money and for the time being I am planning to take a break from gambling.

I think taking a break is probably the best decision to make,  and I wouldn't really call it over confidence it's actually greed , my reason for saying this is because even when you were constantly making profit you weren't satisfied, I also have this experience with crash games that's why I can relate to this, I've lost a lot in crash games due to greed and trying to chase my losses... when you are trapped in that cycle of playing constantly you can never win, people always say that the only way to win gambling is to win and run away.. I'm also with you on this I've decided to take a long break

Yeah, emotion will start to pump high when you experience something that hypes you up, just like what you mentioned about that experienced chasing loses is normal expecially when you are already attached to that game, you feel that you can make it when luck perits you to win, though most of the time when you start winning you feel the urge of keep playing, not unless you are wise and you manage to quit before you lose back all those money that you recover,.

Losing mostly cause by unable to balance your emotion over your set limitation, when you keep exceeding from your desire target and got emotional, probably you'll experienced negative outcome.

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July 31, 2024, 11:46:26 AM
 #488

When I am over confident I make a stupid move and the result will be losing my capital fully. This always happens to me when I am playing crash. I have now stopped playing it because of my stupidity. I would always start with low bets and after a point when I am getting decent multipliers, I would suddenly place a big bet and the next thing that happens to me is that it gets crashed. It has happened to me in so many times and later on I realized that after a certain point I tend to become overconfident. This risky approach has costed me a good amount of money and for the time being I am planning to take a break from gambling.
I think taking a break is probably the best decision to make,  and I wouldn't really call it over confidence it's actually greed , my reason for saying this is because even when you were constantly making profit you weren't satisfied, I also have this experience with crash games that's why I can relate to this, I've lost a lot in crash games due to greed and trying to chase my losses... when you are trapped in that cycle of playing constantly you can never win, people always say that the only way to win gambling is to win and run away.. I'm also with you on this I've decided to take a long break
I think it is just few gamblers that understand the importance of taking a break from gambling in the event of consecutive loses or major wins. The few that take a break from gambling only do that after consecutive losses and this is something I confider incomplete because if a gambler did not learn to take break during major wins, there are high chances that most of the winnings will return to the casino. Of course giving back winnings is a very painful thing for the gambler so instead of this happening, it is wise to take a break after a major win to protect the money and put it to good use.

This can be called a lesson of life of sorts, because you need to take a rest after wins just as well as from losses. It's mandatory for those who love seeing numbers popping up and have the urge to go all in to double or triple the profits they gain, only to see them vanish in a minute or two.

Indeed a life lesson for gamblers who didn't take a break and just want to continue despite of the odds is not in favor with them anymore. So if we feel like we are already starting to lose then much really better to quit for a while and rest. Just go back if everything is fine then we are in cool then ready again to gamble.

Since if we do stressful betting or gambling then provably that we always commit bad decisions which actually not gonna give us any good result.

There are really chances that we can achieve that profits gain but that only exist if we feel like we are going to be lucky. But if we are losing its so bad decision to continue since we will just lose our money for that situation.


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July 31, 2024, 12:39:48 PM
 #489

a life lesson for gamblers who didn't take a break and just want to continue despite of the odds is not in favor with them anymore. So if we feel like we are already starting to lose then much really better to quit for a while and rest. Just go back if everything is fine then we are in cool then ready again to gamble.

Since if we do stressful betting or gambling then provably that we always commit bad decisions which actually not gonna give us any good result.

There are really chances that we can achieve that profits gain but that only exist if we feel like we are going to be lucky. But if we are losing its so bad decision to continue since we will just lose our money for that situation.
They must know that they don't have a higher chance to win gambling instead just will lose more and more money. We admits that when we emotional, we can lose more money because we will lose control and will not tolerate the lose. We may still playing gambling and trying to recover our lost money and will not understand that can cause us lose big money. We have a chance to win but we must also realizes that gambling will not gives a big chance to us so we must understand that we don't have to waste more money.

We need to know the risks and the problem behind gambling so we don't get deeper in gambling. We just want to enjoy our gambling activities by playing gambling for some money. We will not trying to force ourselves to use more money as we know that will gives bigger losses to us. If we already lost our money, we must take a break for a while to reduce the tension and emotional but we can back to the games although that is not recommended. The best thing that we can do is quit gambling and take a rest.

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July 31, 2024, 01:13:42 PM
 #490

Hey, guys! Are any of you emotional gamblers who often lose because you can't control what you feel? When you lose, do you tend to double your bets or chase your losses, driven by a pride that can't accept defeat? Do you consider this a problem? If so, has anyone here been able to solve this kind of problem themselves, and if yes, how did you do it?

I have this problem, and based on my personal experience, I find that sometimes I get challenged but not too greedy because I don't have a problem quitting when I'm winning. However, when I'm losing, that's where my struggle lies.

That's why I shared it here; I feel that some of you may experience the same challenges, and I'd love to hear your ideas or experiences on how to win this battle so we can enjoy gambling.

To be honest, at that moment I was also losing and my emotions were so out of control that I made another deposit at least so I could keep betting. But the point is, I didn't have a plan to double my bet and I didn't have a plan to chase my losses. In essence, I just wanted to keep betting because the losses I experienced made my balance run out but yes, in the end I still lost even though I had made deposits again and again.

After a long time passed, I chose to take a break which means I chose to quit. That way at least I didn't continue the losing streak I was on at the time. But,  if you ask how to win when emotions are like that, I think to win is with luck. Because if you don't have that luck factor, then you're either just going to lose, or it's better to quit at that moment.

If you're doing the same thing that you're also depositing, isn't it like you're also chasing your loss from gambling at the casino you're playing at, dude? Though the only good thing about you is that when you notice that your loss is big, you stop too. That's just a large amount of money that you lost, dude.

It's still really good that we can get used to limiting the amount of money that we can gamble with. In this way, we can apply what is called self-discipline and be responsible
gamblers at the same time.

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July 31, 2024, 01:58:19 PM
 #491


One hard truth is that, whenever we are about to put money or staking money into something, be it any business that has some risk exposure, there is always an emotional attachment that will follow suit on that investment or money we placed or staked, Now bringing this down to the gambling world, your level of emotion will be determined by how much you are risking, basically what you are capable of losing,

Taking you for instance, let's say ones salary is $10k,  one can lose $100 from his $10k salary and be fine but aren't gonna be that fine losing $1k out of this money, so it's necessary for every gambler to play according to their level of income or pocket and not risk funds that they will attach high emotions to and which will further affect their gambling decisions.
Yes no one can attach much emotion losing 100$ from his 10k salary and of course we know that it's actually minimal but it shouldn't be what could affect one emotions because is that huge even we still find it that hard to lose it in gambling, but still we can still reduce our gambling time and days to enable people be able to use 100 for the week or month maybe such person would not regularly gamble and could pick days and favourite weeks to gamble with that such person can mainly reduce their emotions.

I think no matter how much income we have if we only bet a small amount like 2-3% of the total amount of income we have it should not disturb your mental and psychological when it is lost, from the beginning being involved in gambling is your own desire and you should have known that gambling is a risky activity, meaning you should have been able to make peace with the state of defeat when it happens to you, especially if you only bet with a minimal amount, because everyone who has a minimal approach also does that.

On the other hand, you give a pretty good idea if someone still finds it difficult to accept the fact of losing the minimal amount, namely by reducing our time to be involved in gambling, and if they have done all these ideas but still find it difficult to let go of all the losses they have experienced then I think gambling is not right for you, and it is better to stop, because gambling is not for losers.

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July 31, 2024, 09:04:30 PM
 #492

Discipline is the king in any situation, be it a bigger or lesser session. I agree that controlling what you are okay with spending to have a good time is also key because that way you won't have any regrets and only good emotions ahead.

That for me is the key to everything, I personally have always said one thing, those who have control of their money and know exactly what they are going to spend in a casino should not fear anything, not even the emotions that can be generated within the game , because even when they feel that they are becoming crazy in the game, they are not going to Spend more than they are willing to lose, but the trick here is that when the money runs out you have the strength, the discipline to not deposit more money in the casino, because that is where the problem is.

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August 01, 2024, 06:36:14 AM
 #493

Discipline is the king in any situation, be it a bigger or lesser session. I agree that controlling what you are okay with spending to have a good time is also key because that way you won't have any regrets and only good emotions ahead.

That for me is the key to everything, I personally have always said one thing, those who have control of their money and know exactly what they are going to spend in a casino should not fear anything, not even the emotions that can be generated within the game , because even when they feel that they are becoming crazy in the game, they are not going to Spend more than they are willing to lose, but the trick here is that when the money runs out you have the strength, the discipline to not deposit more money in the casino, because that is where the problem is.


You should have that courage not to be move by emotion, just like what you said once you top more money to your bankroll it surely drives you to another level, things will start to ruined your finances as you'll become emotional trying to win back your losses, it's always good to stay with your set limit and not to exceed, as long as you are using amount that you are willing to let go there's no pressure to continue and you'll not going to think about extending your time.

Once the amount already reched you'll just need to quit and stop no need to listen or push yourself because of your emotion as it will just lead you to lose more.

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betswift
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August 01, 2024, 06:41:32 AM
 #494

Discipline is the king in any situation, be it a bigger or lesser session. I agree that controlling what you are okay with spending to have a good time is also key because that way you won't have any regrets and only good emotions ahead.

That for me is the key to everything, I personally have always said one thing, those who have control of their money and know exactly what they are going to spend in a casino should not fear anything, not even the emotions that can be generated within the game , because even when they feel that they are becoming crazy in the game, they are not going to Spend more than they are willing to lose, but the trick here is that when the money runs out you have the strength, the discipline to not deposit more money in the casino, because that is where the problem is.


You should have that courage not to be move by emotion, just like what you said once you top more money to your bankroll it surely drives you to another level, things will start to ruined your finances as you'll become emotional trying to win back your losses, it's always good to stay with your set limit and not to exceed, as long as you are using amount that you are willing to let go there's no pressure to continue and you'll not going to think about extending your time.

Once the amount already reched you'll just need to quit and stop no need to listen or push yourself because of your emotion as it will just lead you to lose more.

Golden words! When the game is won, it's won, you shouldn't be driven to gain more afterward, the plan for the day should be simple so that you won't lose yourself in the process. That way, you will have lots of fun and end or start the day well, even by spending a sum you are willing to for the thrill of it.

pawanjain
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August 01, 2024, 06:47:12 AM
 #495

It's a common mistake yet so many people are still falling for this. People need to understand this before they even start gambling.
Only if they determine strong self control since beginning, they can survive in gambling without going bank rupt.

It is something coming enough, that I believe anyone starting in the gambling path has come across it soon or later , to be honest. The newbies start gambling with a minimum expectation of winning money, they start to gamble and then when all their gambling backfire and they lose money, they cannot correctly process the fact they have lost part of their deposit, from there there are only two possible ways of action: either double down on the wager or log out their session, calling it a day. To take the latter option takes more courage and self control, no doubt about it, hance way so many newbies would not be able to act properly and give up while they still can.

It does take courage to exit. It happened with me few days back when I lost consecutive bets.
All I had was to go all in but the chances of winning were high. I went all in on a soccer match and was about to win but the opponent scored a goal in the last minute ending up in a draw.
So I lost it all and now my balance is 0. I'll be waiting now for some days to accumulate the balance for the next gambling session.

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betswift
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August 01, 2024, 07:02:13 AM
 #496

It's a common mistake yet so many people are still falling for this. People need to understand this before they even start gambling.
Only if they determine strong self control since beginning, they can survive in gambling without going bank rupt.

It is something coming enough, that I believe anyone starting in the gambling path has come across it soon or later , to be honest. The newbies start gambling with a minimum expectation of winning money, they start to gamble and then when all their gambling backfire and they lose money, they cannot correctly process the fact they have lost part of their deposit, from there there are only two possible ways of action: either double down on the wager or log out their session, calling it a day. To take the latter option takes more courage and self control, no doubt about it, hance way so many newbies would not be able to act properly and give up while they still can.

It does take courage to exit. It happened with me few days back when I lost consecutive bets.
All I had was to go all in but the chances of winning were high. I went all in on a soccer match and was about to win but the opponent scored a goal in the last minute ending up in a draw.
So I lost it all and now my balance is 0. I'll be waiting now for some days to accumulate the balance for the next gambling session.

I am sorry for your spent money, however, I hope you will get a win next time, improved from the last time you had a situation like that. For me, it's always better to find the strength to take a break if the day isn't mine and there are no games that would change that. Sometimes it's like that, and sometimes people need strength to go out from the wins they have, as it very easily can be spent on trying to double or triple it.

Woodie
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August 01, 2024, 07:38:10 AM
 #497

Hey, guys! Are any of you emotional gamblers who often lose because you can't control what you feel? When you lose, do you tend to double your bets or chase your losses, driven by a pride that can't accept defeat?
I believe this is the human part I hate, you lose then become emotionally attached to try win your money back before you know it you might have almost already drained your account. But I think its part of the leaning process and once you know how to control your emotions or stop chasing your losses then you can over come all this and minimise your losses too.

Do you consider this a problem? If so, has anyone here been able to solve this kind of problem themselves, and if yes, how did you do it?
They say the best teacher is experience and I think it's only through experience one gets to know how to get out of such situations...

I have this problem, and based on my personal experience, I find that sometimes I get challenged but not too greedy because I don't have a problem quitting when I'm winning. However, when I'm losing, that's where my struggle lies.

That's why I shared it here; I feel that some of you may experience the same challenges, and I'd love to hear your ideas or experiences on how to win this battle so we can enjoy gambling.
Thanks for sharing, should help someone out there!

 
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August 01, 2024, 04:42:25 PM
 #498

...


When you mentioned it takes courage to quit, I thought you were going to point out you managed to quit one of your sessions while you were experimenting a losing streak.  Tongue
What stops you from cutting your losses when you realize you are already losing money in the first place? Do you harbor some hope on getting the total of your balance back into your wallet? Because that is one of the least advisable things a gambler is supposed to do and I mentioned it in my previous post. How expectations can ruin you.

If I was you, I would rather try to set and tighter gambling budget and not to get carried away by whatever is going in your mind.

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August 01, 2024, 07:48:41 PM
 #499

You should have that courage not to be move by emotion, just like what you said once you top more money to your bankroll it surely drives you to another level,

For that same reason, when we play to avoid losing , We have to withdraw the money that we are willing to withdraw, we have to do it, it does not matter if it is little, if the casino gives us the option to withdraw 10usd and we have 11usd in our balance, why think about it ? If we leave that balance there, it is very easy for it to go away because our emotions cannot play badly, our mind too, that is why above all we have to have control with our money, it is quite unpleasant that we play a lot and because of impulses we lose everything.

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August 01, 2024, 08:20:04 PM
 #500


It is something coming enough, that I believe anyone starting in the gambling path has come across it soon or later , to be honest. The newbies start gambling with a minimum expectation of winning money, they start to gamble and then when all their gambling backfire and they lose money, they cannot correctly process the fact they have lost part of their deposit, from there there are only two possible ways of action: either double down on the wager or log out their session, calling it a day. To take the latter option takes more courage and self control, no doubt about it, hance way so many newbies would not be able to act properly and give up while they still can.

It does take courage to exit. It happened with me few days back when I lost consecutive bets.
All I had was to go all in but the chances of winning were high. I went all in on a soccer match and was about to win but the opponent scored a goal in the last minute ending up in a draw.
So I lost it all and now my balance is 0. I'll be waiting now for some days to accumulate the balance for the next gambling session.

I think that's why luck is still an important factor in any type of gambling, although I understand that skills and knowledge can be applied to increase chances but we must understand that all of that is nothing more than a tool to increase the chances of winning and not to ensure or guarantee that the team you choose will really win at the end of the match.
Often I find elite teams that are defeated by middle teams or even teams that are much weaker in terms of performance, and I have also lost money several times because I was too sure that the team I chose would win.
So the point is in any type of game you bet on, the point is to bet a small amount or an amount that will not make us too disappointed or emotional is always recommended, I also always do that even though I am very sure about my chosen team.

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