Gambling mistake repeated by the gamblers

[|MINER|]

The two things you are mentioning that is really true I have been facing this many times when I do gambling specially on sports betting some times I get over confidence because of the team that has good performance history but in cases it also seems that The team I support from my over confidence that lose. And the greediness it is a common nature of human many have little and many have extra. I think greediness is our one of main cause for losing.

[LUCKMCFLY]

Repeated mistakes are certainly unavoidable for both experienced gamblers and beginners, because with every win your self-confidence will be higher and that will bring us greed. This cycle will continue to repeat itself and is quite difficult to avoid, self-awareness can change it.

It's true, because on the other hand gambling is an activity that can stimulate the human brain and mind because of the many temptations and things that look very tempting in every session that you do, and one example is like what you mentioned here that when they are in a winning  situation it will be very difficult to be able to completely ignore greed in themselves, It doesn't matter if you're one of those gamblers who has the right understanding and also has a good approach, because as we know that everyone has the nature of "forgetting" and this will happen when you see something tempting that is actually nothing more than a temptation.

Repeating mistakes I think will be more often done by beginners where they are still very  ambitious in terms of treating their gambling activities and also usually more of them gamble with the aim of earning. On the other hand, yes you gave good advice and I agree with it that awareness is one of the keys so that we can avoid a little bit of bad possibilities, and I would suggest that you also need to apply assertiveness to risk management and awareness in yourself.

Repeated errors are caused or have their origin because the person does not have much strategy to apply, a person who has experience in the game knows and determines that things can be different if they are played differently in each game session, We have an established pattern to play, because that is how we think, but when we expand our strategies things are different, we begin to see the game in a different way, because the more strategies the fewer mistakes are repeated, but if we always stay applying The same in strategy we will fall again and again in the same cycle, that is why for me strategies in games of chance are necessary.

Some people always say that they do not believe in strategies and have their logical foundations based on what they know and what they experience and that is respected, because generally they are people who have been in gambling for many years and well for them it is simply Strategies don't work that simple.

So when we do not respond to seeing the things we can do, there are many, the world is unlimited by strategies and if strategies exist it is for a reason, it is not because the people created them because they did not have anything to do, I have always played with many strategies and the truth is they have worked for me, other times they haven't, but since this is chance, we don't know when something is going to work and that's the crux, we must always generate ideas, strategies for the game, just as there are strategies in poker, in all The rest there are, even in the slots, I have read that there are slots in which the companies apply strategies and it is a fact that they work, so I consider that everyone is free to see what they can do with their strategies if they use them or not.

[Iroh]

People can spend their money as they want. We live in a world where everyone is accountable for their responsibilities at the end of the day. We can't blame people who try their luck at gambling.

People do spend their money however they want but refuse to be accountable for their actions that brought about consequences. A lot of people that should ordinarily be mature would try to evade being responsible for his own actions. Money spent willingly on gambling and later losing out would be the fault of everyone around except the actual person who did the playing.

We can’t fault anyone who’s old enough and wants to play with their hand earned money. Where the problem lies is when after playing and losing out, such player, perhaps feeling a bit too emotional after losing, lashes out at everyone and everything around being the cause of his losses.
Although players must be mature enough and mostly over the age of 18 to play, a lot of players has failed to become responsible enough.

[Ever-young]

Greedy:
The gambler should avoid of the greediness in the gambling after the continuous gambling winning.The gambler should try to withdraw the funds from the gambling site after the good winning in the gambling site.Many loss the capital by doing high betting and random betting with the positive wipe with more winning.The most of the successful gamblers may skip greedy in their betting.

Greed in gambling doesn't end well most of the time. It doesn't mean we can aspire for bigger wins but we must learn to know when to walk away with our wins.

Also, greed makes people gamble with more than they're supposed to. It's common knowledge that the higher the stake, the higher the win, but we don't have to stake with more than we can afford to lose simply because we want to win big. 
When gamblers get greedy like this, they start to lose money, and that greed won't let them walk away because they want to win it back, by so doing they've started chasing their losses, and we all know how horrible things get when you've started chasing losses.

You hit the nail on the head. Not just in gambling, but also every aspect of life, when greed sets in, it compels you to make some stupid and selfish decisions that'll affect you so badly.
It can be a very destructive force in gambling and it can lead to lots of problems. It's important to completely let go off greed before it causes a big problem, because greed can make you be in complete loss,, even when you win, you'll still end up losing the entire money.

[Casdinyard]

One more thing you haven't included in your list: Stupidity.

Gamblers are repeat offenders of doing the same shit over and over again thinking that the situation will change for the better. Not only is it untrue in the case of gambling, it's especially dangerous and the cause for many of the unfortunate eventualities that an average gambler experiences. For instance, instead of actually taking breaks and recuperating their mental juices that got dried up from gambling over extended periods of time, most gamblers will instead push to gamble even more, causing them to lose even more money, even more of their marbles, until they end up getting addicted.

Another good example, gamblers not knowing what their limits are financially and logistically. We got "ballers" out there gambling their life savings away thinking everything's 50/50 in a gambling setting anyway and they'd win the money they would put in, as well as gamblers gambling over and over and over again, eventually losing all their money, then taking out massive loans they have no business of doing so for the sake of actually financing their brimming addiction.

So you see, the saying that goes "don't attribute to malice what you could attribute to stupidity" plays quite the role here. You see someone make questionable plays and decisions and you immediately think that's cause they are overconfident or greedy, can't they be just stupid? LOL.

[Dewi Aries]

It's true, because on the other hand gambling is an activity that can stimulate the human brain and mind because of the many temptations and things that look very tempting in every session that you do, and one example is like what you mentioned here that when they are in a winning  situation it will be very difficult to be able to completely ignore greed in themselves, It doesn't matter if you're one of those gamblers who has the right understanding and also has a good approach, because as we know that everyone has the nature of "forgetting" and this will happen when you see something tempting that is actually nothing more than a temptation.

Repeating mistakes I think will be more often done by beginners where they are still very  ambitious in terms of treating their gambling activities and also usually more of them gamble with the aim of earning. On the other hand, yes you gave good advice and I agree with it that awareness is one of the keys so that we can avoid a little bit of bad possibilities, and I would suggest that you also need to apply assertiveness to risk management and awareness in yourself.

Repeated errors are caused or have their origin because the person does not have much strategy to apply, a person who has experience in the game knows and determines that things can be different if they are played differently in each game session, We have an established pattern to play, because that is how we think, but when we expand our strategies things are different, we begin to see the game in a different way, because the more strategies the fewer mistakes are repeated, but if we always stay applying The same in strategy we will fall again and again in the same cycle, that is why for me strategies in games of chance are necessary.

Some people always say that they do not believe in strategies and have their logical foundations based on what they know and what they experience and that is respected, because generally they are people who have been in gambling for many years and well for them it is simply Strategies don't work that simple.

So when we do not respond to seeing the things we can do, there are many, the world is unlimited by strategies and if strategies exist it is for a reason, it is not because the people created them because they did not have anything to do, I have always played with many strategies and the truth is they have worked for me, other times they haven't, but since this is chance, we don't know when something is going to work and that's the crux, we must always generate ideas, strategies for the game, just as there are strategies in poker, in all The rest there are, even in the slots, I have read that there are slots in which the companies apply strategies and it is a fact that they work, so I consider that everyone is free to see what they can do with their strategies if they use them or not.

For me experience is nothing more than someone who has a broader understanding of something they are doing such as gambling, and I think that understanding will be useful to minimize unnecessary mistakes, in the sense of mistakes that can make someone end up losing more and not those that lead to actions to increase the winning percentage or get closer to winning but experience and understanding will only be useful to prevent the possibility of greater defeat, such as in the case of greed, with you having an understanding of the dangers of gambling then you will not commit acts of greed because you understand that it is too dangerous and too risky. You've said that it's a game of chance, so wouldn't a strategy be of little use? Obviously, because it ultimately comes down to how lucky you are in the session.

For me strategy is nothing more than something that can increase one's expectations on the results at the end of the session, although I also admit that strategy and skill are quite helpful in terms of sports betting but I often see situations where the team that is really favored experiences unexpected things on the field which certainly makes them lose depth such as experiencing a red card on one of the players which can make the chances of winning smaller, it is unexpected and unexpected things. For slot problems, yes, I have also seen that there are several casinos that show strategies in each game and casinos advise each gambler to apply these strategies, but for me it is nothing more than foolishness, logically the purpose of casinos to build gambling is to make a profit as a whole and isn't giving strategies to players an act that can harm the casino itself? Yes.

[shivansps]

Some of the mistake was repeated by the gamblers even after the loss in the gambling.The foremost one is the greedy,the gamblers mostly the new gambler get into the greedy after some decent profit in the gambling site.

Over Confidence:
This was the common one to the new and experienced gamblers,because the continuous winning mostly give the greedy and over confidence to the gamblers.The gamblers will go for the high betting after the continuous winning in the betting.The positive wipe was occurred with the over confidence,most of the gamblers go for the high betting after the over confidence.

The draw back of the over confidence is most of the gamblers will make loss their holding dollars in few bets.So the gamblers should avoid the over confidence after the continuous winning.


Greedy:
The gambler should avoid of the greediness in the gambling after the continuous gambling winning.The gambler should try to withdraw the funds from the gambling site after the good winning in the gambling site.Many loss the capital by doing high betting and random betting with the positive wipe with more winning.The most of the successful gamblers may skip greedy in their betting.

Share your opinion about this two mistakes with your experience.

You are talking about very common mistakes of people who gamble, as well as people who trade on the stock exchange, and most likely these mistakes affect not only these two areas.
These mistakes are extremes of human behavior. For example, you can take a person who is very kind or very evil, or another example when a person can be too cheerful or very boring. Any extreme is not a good sign.
So it is in gambling. These two errors that you mentioned appeared when the first gambling games appeared and these errors will never disappear. You just have to be aware of them and try to avoid them

[shivansps]

Greedy:
The gambler should avoid of the greediness in the gambling after the continuous gambling winning.The gambler should try to withdraw the funds from the gambling site after the good winning in the gambling site.Many loss the capital by doing high betting and random betting with the positive wipe with more winning.The most of the successful gamblers may skip greedy in their betting.

Greed in gambling doesn't end well most of the time. It doesn't mean we can aspire for bigger wins but we must learn to know when to walk away with our wins.

Also, greed makes people gamble with more than they're supposed to. It's common knowledge that the higher the stake, the higher the win, but we don't have to stake with more than we can afford to lose simply because we want to win big. 
When gamblers get greedy like this, they start to lose money, and that greed won't let them walk away because they want to win it back, by so doing they've started chasing their losses, and we all know how horrible things get when you've started chasing losses.

You hit the nail on the head. Not just in gambling, but also every aspect of life, when greed sets in, it compels you to make some stupid and selfish decisions that'll affect you so badly.
It can be a very destructive force in gambling and it can lead to lots of problems. It's important to completely let go off greed before it causes a big problem, because greed can make you be in complete loss,, even when you win, you'll still end up losing the entire money.

You are absolutely right. I would say that activities such as gambling, trading, betting show the strengths and weaknesses of a person.
You mentioned that you need to get rid of greed, I think this is not completely possible, but it is imperative to know about your weak side (be it greed, excessive self-confidence or something else) and react to it

[rahmad2nd]

~~
Over Confidence:
This was the common one to the new and experienced gamblers,because the continuous winning mostly give the greedy and over confidence to the gamblers.The gamblers will go for the high betting after the continuous winning in the betting.The positive wipe was occurred with the over confidence,most of the gamblers go for the high betting after the over confidence.

The draw back of the over confidence is most of the gamblers will make loss their holding dollars in few bets.So the gamblers should avoid the over confidence after the continuous winning.


Greedy:
The gambler should avoid of the greediness in the gambling after the continuous gambling winning.The gambler should try to withdraw the funds from the gambling site after the good winning in the gambling site.Many loss the capital by doing high betting and random betting with the positive wipe with more winning.The most of the successful gamblers may skip greedy in their betting.

Share your opinion about this two mistakes with your experience.

Very interesting, it seems like what you are saying is an ideal concept for gamblers not to be too confident and not greedy. Interestingly, I want to ask which gamblers are able to be consistent in every gamble. because when we are in a game session, or are gambling, situations and conditions will greatly influence our gambling psychology. even experienced gamblers are sometimes tempted or encouraged to place high bets according to what they have previously predicted. whether it's money from winnings, or indeed a deposit with a large bankroll. I think this is the gambling cycle, sometimes we are in the phase of being able to control ourselves and stop when we feel like we have had enough. not infrequently, when we are in confident mode, or even vice versa, the desire to increase our bet often crosses our minds. well, this is gambling, everything is related to possibility, desire, which never escapes when we gamble.

Likewise with greed, in principle it all depends on our definition of how to interpret gambling itself. Basically greed is part of our human side, we can define it based on personal perception. Regarding gambling, it depends on how we are, especially when we are in a winning position. so, in what position is our policy involved? continue, or stop, win or lose. because, as I said, this is gambling. For me personally, I have to be aware of the limits of my abilities.

[carlfebz2]

Greedy:
The gambler should avoid of the greediness in the gambling after the continuous gambling winning.The gambler should try to withdraw the funds from the gambling site after the good winning in the gambling site.Many loss the capital by doing high betting and random betting with the positive wipe with more winning.The most of the successful gamblers may skip greedy in their betting.

Greed in gambling doesn't end well most of the time. It doesn't mean we can aspire for bigger wins but we must learn to know when to walk away with our wins.

Also, greed makes people gamble with more than they're supposed to. It's common knowledge that the higher the stake, the higher the win, but we don't have to stake with more than we can afford to lose simply because we want to win big. 
When gamblers get greedy like this, they start to lose money, and that greed won't let them walk away because they want to win it back, by so doing they've started chasing their losses, and we all know how horrible things get when you've started chasing losses.

You hit the nail on the head. Not just in gambling, but also every aspect of life, when greed sets in, it compels you to make some stupid and selfish decisions that'll affect you so badly.
It can be a very destructive force in gambling and it can lead to lots of problems. It's important to completely let go off greed before it causes a big problem, because greed can make you be in complete loss,, even when you win, you'll still end up losing the entire money.

You are absolutely right. I would say that activities such as gambling, trading, betting show the strengths and weaknesses of a person.
You mentioned that you need to get rid of greed, I think this is not completely possible, but it is imperative to know about your weak side (be it greed, excessive self-confidence or something else) and react to it

Come to think that we are really just that humans on which we are really that susceptible with these kind of mistakes on which it would really be causing for us to commit out those kind of errors and
this is something that we do really tend to avoid as much as possible on which repeating out on the same mistakes all over again and again on which it would really be always best that
we would really be that having that good control to ourselves specially on dealing up with gambling. Dont make yourself hopeful and dont make yourself that too optimistic that you would really be
a winner on playing it.

Mistakes are the main reasons on why gambling business is really that profitable into its owners because of that kind of impulsive approach and feelings of people then they do really end up
that much on having those repetitive deposits on which this is something that they would be doing which this one should be avoided.

[odunybiz]

Greedy:
The gambler should avoid of the greediness in the gambling after the continuous gambling winning.The gambler should try to withdraw the funds from the gambling site after the good winning in the gambling site.Many loss the capital by doing high betting and random betting with the positive wipe with more winning.The most of the successful gamblers may skip greedy in their betting.

Greed in gambling doesn't end well most of the time. It doesn't mean we can aspire for bigger wins but we must learn to know when to walk away with our wins.

Also, greed makes people gamble with more than they're supposed to. It's common knowledge that the higher the stake, the higher the win, but we don't have to stake with more than we can afford to lose simply because we want to win big.  
When gamblers get greedy like this, they start to lose money, and that greed won't let them walk away because they want to win it back, by so doing they've started chasing their losses, and we all know how horrible things get when you've started chasing losses.

You hit the nail on the head. Not just in gambling, but also every aspect of life, when greed sets in, it compels you to make some stupid and selfish decisions that'll affect you so badly.
It can be a very destructive force in gambling and it can lead to lots of problems. It's important to completely let go off greed before it causes a big problem, because greed can make you be in complete loss,, even when you win, you'll still end up losing the entire money.

This is one of the factor I do tell anyone that told me he want to start gambling. I would rather discourage him/her about gambling if I know he/she is a greedy type. I made them know how greediness can affect them in gambling.. Just as you said, greediness in general is something one should avoid in life.

[Rufsilf]

It's true that some gamblers make the same mistakes again and over again, and that when we gamble, we can't always avoid becoming greedy and overconfident. What kind of attitude does a proud gambler have—one that never gives up? It appeared as though they were entirely committed to the side on which they were betting, underestimating the risks associated with such wagers and exaggerating their chances of success. It seems to me that you may make a bad choice based only on your presumptions. Greedy people frequently seek big gains without taking into account their bankroll size or the amount of money they have previously spent in order to do so. Because of the emotions they experience when they bet, I believe these are the typical errors made by certain gamblers.

[danherbias07]

You are talking about very common mistakes of people who gamble, as well as people who trade on the stock exchange, and most likely these mistakes affect not only these two areas.
These mistakes are extremes of human behavior. For example, you can take a person who is very kind or very evil, or another example when a person can be too cheerful or very boring. Any extreme is not a good sign.
So it is in gambling. These two errors that you mentioned appeared when the first gambling games appeared and these errors will never disappear. You just have to be aware of them and try to avoid them

They are common mistakes because that is how we react to things.
Over-confidence mostly happens when we are losing a lot of money so we think we ain't losing more because the gambling site already took almost everything from us. So, our brain tells us that next to it should be a winning streak and our courage is pouring that we might bet handsomely out of the blue to get it all back in a rush.

Greed on the other hand is just like you said, it's human behavior. We want more. That's not easy to control when we are on a winning streak and we see a good green in our betting graph statistics. Even if we already won x1000 of our capital which is huge, that won't be enough so we try to make bet more like x100 more just to see if our luck ain't over yet. Then, that's where mistakes will happen. After that x100 lose, we would try again another batch and see if we could just get that 100 that we lost from the earlier greed. It's a never-ending cycle. The only escape is withdrawing it all and enjoying the money outside the gambling platform.

[Westinhome]

It's true that some gamblers make the same mistakes again and over again, and that when we gamble, we can't always avoid becoming greedy and overconfident. What kind of attitude does a proud gambler have—one that never gives up? It appeared as though they were entirely committed to the side on which they were betting, underestimating the risks associated with such wagers and exaggerating their chances of success. It seems to me that you may make a bad choice based only on your presumptions. Greedy people frequently seek big gains without taking into account their bankroll size or the amount of money they have previously spent in order to do so. Because of the emotions they experience when they bet, I believe these are the typical errors made by certain gamblers.

The gambler who loss the funds in the gambling site need to improve their game or else he will loss their entire money into the gambling site.Because the gambler always play the game with repeating the same mistake in the gambling site.If they had change their game in the gambling site,this will help them to make some good money in the gambling site.The gambler should understand the risk of losing the money,So he will not lose their money in the gambling site.The gamblers who make money in the gambling sites always update their skills in the gambling site.The gambling site will allow the gambler to make money if the gambler will update their skills accordingly to changing game in the gambling site.The game of the gambler can be updated by using the new skills to improve the game.Money making in the gambling site was the expected one by the most of the gambler,but not all the gamblers making money from the gambling sites.The gamblers should ready to change their gambling tactics to get some money from the gambling site.The gamblers should avoid the greedy in the gambling sites to make money from the gambling site where he lost money in the past.

[Betwrong]

Sometimes I feel greedy, but in general I know my limits. When we lose a lot in a row we need to rest a bit, but the greed to win can push us to bet more and more. But in any case, if we are not betting with borrowed money, I think it's okay. People can spend their money as they want. We live in a world where everyone is accountable for their responsibilities at the end of the day. We can't blame people who try their luck at gambling.

Not betting, ever, with borrowed money is a good start, but it can be not okay if it's all our savings or our wife's saving, God forbid. We should bet only with what we can easily afford to lose. What amount is that, you may ask. It's our salary for one two days max. Don't bet with more, guys.

[arjunmujay]

Sometimes I feel greedy, but in general I know my limits. When we lose a lot in a row we need to rest a bit, but the greed to win can push us to bet more and more. But in any case, if we are not betting with borrowed money, I think it's okay. People can spend their money as they want. We live in a world where everyone is accountable for their responsibilities at the end of the day. We can't blame people who try their luck at gambling.

Not betting, ever, with borrowed money is a good start, but it can be not okay if it's all our savings or our wife's saving, God forbid. We should bet only with what we can easily afford to lose. What amount is that, you may ask. It's our salary for one two days max. Don't bet with more, guys.

it would be better if you don't have extra money, don't gamble. let alone using borrowed money, by using borrowed money of course we have to return the money in full. Yes, if you win from gambling, you can definitely return the loan money quickly. However, if we lose, we still have to return the money, not to mention we are still haunted by the curiosity of why we didn't place more bets when we were about to win.

Using borrowed money will also disturb our psychology, so that we don't feel comfortable when gambling. That's what I think, what about you?

[Zigabel]

The two things you are mentioning that is really true I have been facing this many times when I do gambling specially on sports betting some times I get over confidence because of the team that has good performance history but in cases it also seems that The team I support from my over confidence that lose. And the greediness it is a common nature of human many have little and many have extra. I think greediness is our one of main cause for losing.

It's normal for almost all gamblers to be very confident about a particular team especially if such team is playing against a team that is perceived to be a weak team but then away from that been too confident about a team is actually unhealthy because you may get disappointed when such team are unable to make it to victory just as you expected them and you at that point suffer another set of loss again because of your been too confident about a team forgetting the uncertainties that do come with football at times, most of these things can actually be avoided if only we are more disciplined with the way we gamble not letting emotions or sentiment come in between.

Greed actually come after you have become to confident in your team of Choice because you will think you can actually win because it's a team you trust so well so you end up going all in and when you get disappointed you lose quite a good sum of money.

[ethereumhunter]

it would be better if you don't have extra money, don't gamble. let alone using borrowed money, by using borrowed money of course we have to return the money in full. Yes, if you win from gambling, you can definitely return the loan money quickly. However, if we lose, we still have to return the money, not to mention we are still haunted by the curiosity of why we didn't place more bets when we were about to win.

Using borrowed money will also disturb our psychology, so that we don't feel comfortable when gambling. That's what I think, what about you?

Yes, don't gamble when you don't have money and not borrow money to gamble. That's a good advice for all of us and we must remembered it. We must hold ourselves not to gamble when we don't have money, especially about not to think to borrow money just to playing gambling. We already reads many news that someone who borrow money and use it to playing gambling can lose anytime. When he lose that money, all of the money, he can't repay the money and makes him in a big risks. The money borrowers will take something of value from that person to replaces the money he cannot return. I agree with you say because that is what we should not do and always avoided it.

[Hanadawa]

it would be better if you don't have extra money, don't gamble. let alone using borrowed money, by using borrowed money of course we have to return the money in full. Yes, if you win from gambling, you can definitely return the loan money quickly. However, if we lose, we still have to return the money, not to mention we are still haunted by the curiosity of why we didn't place more bets when we were about to win.
Using borrowed money will also disturb our psychology, so that we don't feel comfortable when gambling. That's what I think, what about you?

Borrowing money to gamble will make you make the 2 mistakes the OP mentioned. When you dare to borrow money to gamble, it means you have made the first mistake, namely being too confident. We know that in gambling there is the possibility of winning and the possibility of losing. I like to think that the odds of losing are much greater. So when you borrow money to gamble, you have lost to yourself because of your overconfidence.

Second, you are too greedy. When someone borrows money to gamble I think they will not be able to gamble on small bets because they want to make a profit quickly before the loan repayment is due. This will disturb your psychology and trigger your greedy nature. You want to win as many bets as possible so that you have enough money to pay the loan and the interest and profits for you. That is a misguided thought that will destroy your life.

Those who gamble by making these 2 mistakes are people whose lives will be ruined because of gambling. And those who gamble with borrowed money are much worse and it will destroy the life of you and your family. So be careful in managing your finances.

[South Park]

it would be better if you don't have extra money, don't gamble. let alone using borrowed money, by using borrowed money of course we have to return the money in full. Yes, if you win from gambling, you can definitely return the loan money quickly. However, if we lose, we still have to return the money, not to mention we are still haunted by the curiosity of why we didn't place more bets when we were about to win.
Using borrowed money will also disturb our psychology, so that we don't feel comfortable when gambling. That's what I think, what about you?

Borrowing money to gamble will make you make the 2 mistakes the OP mentioned. When you dare to borrow money to gamble, it means you have made the first mistake, namely being too confident. We know that in gambling there is the possibility of winning and the possibility of losing. I like to think that the odds of losing are much greater. So when you borrow money to gamble, you have lost to yourself because of your overconfidence.

Second, you are too greedy. When someone borrows money to gamble I think they will not be able to gamble on small bets because they want to make a profit quickly before the loan repayment is due. This will disturb your psychology and trigger your greedy nature. You want to win as many bets as possible so that you have enough money to pay the loan and the interest and profits for you. That is a misguided thought that will destroy your life.

Those who gamble by making these 2 mistakes are people whose lives will be ruined because of gambling. And those who gamble with borrowed money are much worse and it will destroy the life of you and your family. So be careful in managing your finances.

There are even more mistakes you can find if you really take the time to think about it, in my opinion loans that have as a sole purpose to consume a product or service are wrong to begin with, a loan should only be taken when you are confident you can produce more money with it, like investing in a business you already have, or to buy an asset that is too expensive to pay in full, like buying a house, and taking a loan to gamble does not really fit either of those two reasons, making such a loan extremely costly as at the end once you lose it all, you will have nothing to show for it.