Gambling mistake repeated by the gamblers

[Inwestour]

That's how: if you toss a coin and you had 10 tails in a row and they were losing bets, you are confident that heads is going your way. It can't be all tails all the time, right? But the reality is, you can get another 10 tails and lose all your balance. It's good if your balance is not something painful for you to lose, you can forget it and move on. But if it's a big amount, you are in trouble. Martingale strategy is something to be avoided for sure in these situations.

And with each new bet, you need to increase the bet proportionally in order to win back previous losses and win something. I am sure that everyone who has tried this strategy on themselves has encountered the fact that you no longer think about winning, but calculate the bet only to win back the lost money. You can also bet on tails every time the previous one was tails, but this will not change the essence much, in such a game it is extremely difficult to remain a winner, because the probability will most likely eat your depot earlier.

[1714867735]

1714867735

[1714867735]

1714867735

[1714867735]

1714867735

[EarnOnVictor]

There two are major fact, this is how gamblers makes mistakes and makes loss in gambling more than expected. Responsible gambler select a game for stake, after done analysis and measuring loss. But when they keep winning continuely then Over Confidence comes in gamblers personality and thus they don't rethink and recalculate anything. As they already have good money due to his previous continues winnings, they don't hesitate to stake higher. And thus they loss big money at once. Even greed is the most significant factor. When a gamble become responsible,they just keep placing bets without measuring losses or the results. which is the main reason behind gamblers keep losing continuely and become addicted as they have to recover what they lost in gambling

I was confused with the last part of your statement. When a gambler becomes responsible, there will be a big difference, and contrary to what you said, he will start measuring his losses and try to keep himself in calmly manner so that the losses won't swell up.

Bro, you should know that the guy merely made a mistake judging by what he has been narrating from the beginning and even after the typo mistake he made. He actually wanted to write "irresponsible" and not responsible." From what I've read through what he wrote, he is 100% right, and what he wrote is such that gamblers should read and change their ways for the good. We should always know that greed and revenge are so bad in gambling, and if care is not taken, they will continue to push us until we become addicted, and no one who is addicted to gambling can be responsible.

It is either it takes your time from you, or your energy or your money, and in most cases, it will take all of them from you at the same time. This calls for caution in this regard so that we will not just be a puppet of gambling. We need our own mind in action in this regard, and this is what will help us to stop/pause, or quit/ continue whenever we want. Anyone who can actualise these will surely be a responsible gambler

[Fredomago]

That's how: if you toss a coin and you had 10 tails in a row and they were losing bets, you are confident that heads is going your way. It can't be all tails all the time, right? But the reality is, you can get another 10 tails and lose all your balance. It's good if your balance is not something painful for you to lose, you can forget it and move on. But if it's a big amount, you are in trouble. Martingale strategy is something to be avoided for sure in these situations.

And with each new bet, you need to increase the bet proportionally in order to win back previous losses and win something. I am sure that everyone who has tried this strategy on themselves has encountered the fact that you no longer think about winning, but calculate the bet only to win back the lost money. You can also bet on tails every time the previous one was tails, but this will not change the essence much, in such a game it is extremely difficult to remain a winner, because the probability will most likely eat your depot earlier.

Yes, you are more into winning back and recover your losses, which is not going to happen most of the time, greed and aggressiveness both complicated a lot whenever you are in this situation, once you win the next thing inside your mind is you will try again hoping luck continue to provide you the win but eventually it will start a losing streak putting you again in that same situation.

And it will just continue with the same cycle, without proper control you will just realize that you already lose a lot of money.

[noormcs5]

And with each new bet, you need to increase the bet proportionally in order to win back previous losses and win something. I am sure that everyone who has tried this strategy on themselves has encountered the fact that you no longer think about winning, but calculate the bet only to win back the lost money. You can also bet on tails every time the previous one was tails, but this will not change the essence much, in such a game it is extremely difficult to remain a winner, because the probability will most likely eat your depot earlier.

This is called the marginates strategy and usually it does not work in gambling. When you apply this strategy you may feel that you are at an advantageous mood or stage but in the long run a time will come when the gambling site will detect the algorithm, it will detect without notifying you of anything and it will not make you win and keep a streak of losing back to back games until all of the money in your gambling account goes to zero.
If you try to apply any repeated pattern while gambling, the gambling systems are too intelligent that they will detect it and you won't be able to apply it to the winning mode. The best thing you can do is to mix the strategies and do not allow the gambling sites to detect your game.

[indah rezqi]

Only with self-control can we control the use of money for gambling so that we don't use too much money, which also won't guarantee that we can win. We may experience more losses than we can imagine, especially if we cannot stop gambling and instead fall deeper into gambling. That will only make us experience more and more losses which can cost us all the money we have. Small mistakes can turn into big mistakes if we don't immediately realize our mistakes. We have to control ourselves and not give away our money by gambling without limits, which will only use up the money faster.

We will not be tempted by anything we see from gambling because we just want to spend our free time by gambling moderately and when the time is up, we will immediately stop and leave the casino. Self-control helps us to stop gambling and leave the casino, and there is no desire to continue gambling because we no longer have free time. We can also prevent losses that are too big with self-control because we know and realize that playing gambling continuously is not worth doing because it will only cause us to lose a lot of money.

I think what you said falls into the category of responsible gambler, where a gambler must have stable emotional control and set limits on the money and time spent gambling. I think that by doing this, the goal of gambling for fun can be achieved, without ignoring the risks and other responsibilities that we hold. In essence, gambling is not good, that's why it's better to choose other activities. If you become addicted to gambling regularly, it is very difficult to stop, the initial goal of gambling for fun will never be achieved.

However, if you do it to fill your free time with good self-control, that is each individual personal decision. What is clear is that only a few people are lucky and can take home money from the casino. Even if they are lucky today, they will come back tomorrow to spend it in the same place. Apart from all that, never ignore your responsibility in taking risks if you want to gamble.

[gabbie2010]

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.

My first priority is withdrawal of all my profits after some streak of winning of soccer bettings this becomes necessary to avoid giving it back to the bookies and once I withdrew my money I never deposited back or refund my account again even if I lost all the remaining balance in my account, I usually take a short brake thereafter resume betting after refunding, sure win is not guaranteed in gambling thus I am always careful not become an addicted gambler and never tempted to stake higher after some winning runs that is I have a fixed amount of money I usually stake which is the amount of money I can afford to lose, I believe once a gambler is able to overcome greediness that gambler would always be profitable.

[Blitzboy]

There two are major fact, this is how gamblers makes mistakes and makes loss in gambling more than expected. Responsible gambler select a game for stake, after done analysis and measuring loss. But when they keep winning continuely then Over Confidence comes in gamblers personality and thus they don't rethink and recalculate anything. As they already have good money due to his previous continues winnings, they don't hesitate to stake higher. And thus they loss big money at once. Even greed is the most significant factor. When a gamble become responsible,they just keep placing bets without measuring losses or the results. which is the main reason behind gamblers keep losing continuely and become addicted as they have to recover what they lost in gambling

I was confused with the last part of your statement. When a gambler becomes responsible, there will be a big difference, and contrary to what you said, he will start measuring his losses and try to keep himself in calmly manner so that the losses won't swell up.

Bro, you should know that the guy merely made a mistake judging by what he has been narrating from the beginning and even after the typo mistake he made. He actually wanted to write "irresponsible" and not responsible." From what I've read through what he wrote, he is 100% right, and what he wrote is such that gamblers should read and change their ways for the good. We should always know that greed and revenge are so bad in gambling, and if care is not taken, they will continue to push us until we become addicted, and no one who is addicted to gambling can be responsible.

It is either it takes your time from you, or your energy or your money, and in most cases, it will take all of them from you at the same time. This calls for caution in this regard so that we will not just be a puppet of gambling. We need our own mind in action in this regard, and this is what will help us to stop/pause, or quit/ continue whenever we want. Anyone who can actualise these will surely be a responsible gambler

In gambling addiction, "responsible" and "irresponsible" are very thin lines. The story is a wake-up call for gamblers. Revenge, greed? Like quicksand, they draw gamblers into addiction. However, lets not condemn the excitement of a well-placed bet while highlighting the risks.

Its possible to gamble responsibly. About balance. Time, energy, and money must be managed. I support recreational gambling with restrictions. Understand when to say, "Thats enough for today." Encourage gamblers to be self-aware and self-controlled. This keeps gambling fun, not a life-altering addiction.

[Volimack]

As far as I am concerned, one should not expect more from gambling. When the gambler has the need to get more expectations, he will become greedy and this greed leads the gambler to lose. Gambling should be considered if there is a risk of losing. If the gambler can keep himself calm then he will not make the same mistakes again and again and will not go towards addiction.

[maydna]

~snip~

I think what you said falls into the category of responsible gambler, where a gambler must have stable emotional control and set limits on the money and time spent gambling. I think that by doing this, the goal of gambling for fun can be achieved, without ignoring the risks and other responsibilities that we hold. In essence, gambling is not good, that's why it's better to choose other activities. If you become addicted to gambling regularly, it is very difficult to stop, the initial goal of gambling for fun will never be achieved.

However, if you do it to fill your free time with good self-control, that is each individual personal decision. What is clear is that only a few people are lucky and can take home money from the casino. Even if they are lucky today, they will come back tomorrow to spend it in the same place. Apart from all that, never ignore your responsibility in taking risks if you want to gamble.

Losing control of emotions has become a mistake many gamblers make and is often done repeatedly, so this mistake must be corrected immediately so that gamblers do not lose even more money. The aim of gambling should only be to have fun, and when you feel that pleasure, a gambler should be able to stop gambling because he has had that pleasure immediately. But what happened was that the gambler couldn't stop the fun he was having and instead continued gambling, and this time, his goal had changed from having fun to wanting to win.

Their changing goals mean they can lose more money and cannot prevent it because they have started to lose control of themselves, especially with the desire to win, which is difficult to obtain. That is why a gambler must be able to control himself and stick to his initial goal of gambling just to get pleasure so that he will not try to chase the win. Only a few lucky people can make money from gambling, while others will experience losses that may be very large.

[AnonBitCoiner]

Being greedy does not disappear in the gambling world, there are still many people who gamble greedily even though they know that their greediness is not good but others still repeat it because they hope to get a lot of money from gambling. Actually, it's okay to make mistakes, everyone makes mistakes, you just need to learn from that mistake and don't do it again.

Even though I get greedy sometimes even though I know the fate of my being greedy but I don't always do it, I still have control if I lose just once it's okay because that's being greedy I still have a budget when I lose I stop gambling, when I win I still stop gambling. Just don't overdo it because everything too much is bad.

Greediness is the major behaviour that become a cause of loss in gambling because a gambler will not forget about his defeat and will try again and again greedily to win a big jackpot to forget his previous loss but he continuesly loss his money and do not get anything.

Sometimes people limit their money for gambling but after their first loss or win their greed increases and they increase their limit of money as a result of which they become an addictive gamblers. limited timing and limited money is crucial things and excess of these can make you bad person and bad gambler.

[Fredomago]

As far as I am concerned, one should not expect more from gambling. When the gambler has the need to get more expectations, he will become greedy and this greed leads the gambler to lose. Gambling should be considered if there is a risk of losing. If the gambler can keep himself calm then he will not make the same mistakes again and again and will not go towards addiction.

That's is right, if you don't have that much expectation and you are just playing to have some fun you can avoid become greedy, which most of the time is the reason why you keep making the same mistake over and over, if you play accordingly and base from the strategy and plan that you create before entering to the house, you'll have that limitation that will help you to keep yourself safe with any possibilities of losing more than what you can afford.

It's your strategy to design the pattern of your gambling participation, with that set of limitation you'll avoid making mistake, just make sure to follow everything that you set up.

~snip~

I think what you said falls into the category of responsible gambler, where a gambler must have stable emotional control and set limits on the money and time spent gambling. I think that by doing this, the goal of gambling for fun can be achieved, without ignoring the risks and other responsibilities that we hold. In essence, gambling is not good, that's why it's better to choose other activities. If you become addicted to gambling regularly, it is very difficult to stop, the initial goal of gambling for fun will never be achieved.

However, if you do it to fill your free time with good self-control, that is each individual personal decision. What is clear is that only a few people are lucky and can take home money from the casino. Even if they are lucky today, they will come back tomorrow to spend it in the same place. Apart from all that, never ignore your responsibility in taking risks if you want to gamble.

Losing control of emotions has become a mistake many gamblers make and is often done repeatedly, so this mistake must be corrected immediately so that gamblers do not lose even more money. The aim of gambling should only be to have fun, and when you feel that pleasure, a gambler should be able to stop gambling because he has had that pleasure immediately. But what happened was that the gambler couldn't stop the fun he was having and instead continued gambling, and this time, his goal had changed from having fun to wanting to win.

Their changing goals mean they can lose more money and cannot prevent it because they have started to lose control of themselves, especially with the desire to win, which is difficult to obtain. That is why a gambler must be able to control himself and stick to his initial goal of gambling just to get pleasure so that he will not try to chase the win. Only a few lucky people can make money from gambling, while others will experience losses that may be very large.

When changing the actual plan, the chance of losing control will take place, if luck is not beside you expect that you'll be going to suffer with another defeat, that's the reason why you set your startegy and you should stay on the set up to prevent making the same cycle and repeated mistake.

[Betwrong]

~

And with each new bet, you need to increase the bet proportionally in order to win back previous losses and win something. I am sure that everyone who has tried this strategy on themselves has encountered the fact that you no longer think about winning, but calculate the bet only to win back the lost money. You can also bet on tails every time the previous one was tails, but this will not change the essence much, in such a game it is extremely difficult to remain a winner, because the probability will most likely eat your depot earlier.

Martingale as any other gambling strategy can be used safely if in the end, when you lose all your balance because of bad luck, your negative profit is still something you can afford to lose. I myself use martingale almost every day on dice, and sometimes it gives great results, but the important part is that my entire balance is not that big and usually I stop when about 25% of it is lost.

[angrybirdy]

As far as I am concerned, one should not expect more from gambling. When the gambler has the need to get more expectations, he will become greedy and this greed leads the gambler to lose. Gambling should be considered if there is a risk of losing. If the gambler can keep himself calm then he will not make the same mistakes again and again and will not go towards addiction.

The pioneers have been saying this for a long time in gambling, but no matter what advice they give to other people, they still end up addicted. Especially when they have experienced a big win, there is a growing greed and eagerness to win more prizes. If they expect to win a lot more, that may be the reason for them to lose more and run out of money, because they can no longer control themselves and their minds, they don't care what they are doing because the only thing that matters to them is to win and get a lot of money in their gambling.

[South Park]

The pioneers have been saying this for a long time in gambling, but no matter what advice they give to other people, they still end up addicted. Especially when they have experienced a big win, there is a growing greed and eagerness to win more prizes. If they expect to win a lot more, that may be the reason for them to lose more and run out of money, because they can no longer control themselves and their minds, they don't care what they are doing because the only thing that matters to them is to win and get a lot of money in their gambling.

In my experience people think of themselves as special and they believe that those kind of bad things will not happen to them, and even if you were to show them evidence with all kind of statistics and the like, they will simply ignore it and think of it as nothing more but a bunch of useless numbers, and it is not until things take a turn for the worse when they realize the mistake they have committed, but at the time it is already too late to do anything about it and they will have to beat their ongoing addiction with great difficulty.

[wiss19]

It's also important that at this point where your confidence is peaked especially when you have series of wins back to back,

When you get a single win, you become confident, and when you get back-to-back wins, you become overconfident, we all know that overconfidence isn't a good thing, especially if we are doing something that is based on luck and your overconfidence cannot influence the results if the results aren't based on luck and no skills, etc.

Even in sports betting, where the results aren't completely dependent on luck, overconfidence can shatter your gameplan and the momentum that you might have because as you said, one might start making random picks once they become overconfident, thinking that they will win even if they make their choices without doing much research and analysis which isn't how it works.

[ethereumhunter]

It's also important that at this point where your confidence is peaked especially when you have series of wins back to back,

When you get a single win, you become confident, and when you get back-to-back wins, you become overconfident, we all know that overconfidence isn't a good thing, especially if we are doing something that is based on luck and your overconfidence cannot influence the results if the results aren't based on luck and no skills, etc.

Even in sports betting, where the results aren't completely dependent on luck, overconfidence can shatter your gameplan and the momentum that you might have because as you said, one might start making random picks once they become overconfident, thinking that they will win even if they make their choices without doing much research and analysis which isn't how it works.

It's normal to see someone become more confident after his winning and make him continue his gambling activities but everything will not runs as he want because he must remember this is gambling which can make you lost your money or win some money. If that person wise, he will not tempt to continue his gambling activity instead stopping himself from gambling and leave the casino to enjoy his winning. That is something that many gamblers forgot because they still want to get another winning that actually hard to get. Feeling confident is okay but after the winning, he will feel more confident and that is a bad sign for him because he can risk his win money to trying to get more money.

Overconfident is not the right thing that gamblers have and must avoided before he lose some money from gambling. That's why we must take care ourselves in gambling so this matter will not appear after we win some money and we can prevent it before that become a real problem to us.

[Orpichukwu]

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.

This confidence is just there, and it's part of the things that lead gamblers to high winnings; they stake high and win high. Without this high confidence, it will be hard for us to see all these high rollers winning big and creating records all the time. 
 
To have confidence in yourself is good, but if you overdo it, that's where the case will be different, as you might place a bet with a much higher amount than what you usually use based on your overconfidence in the game. We can have confidence, but it should not be too much, as it's not good to look down less on our prediction.

[arimamib]

It's also important that at this point where your confidence is peaked especially when you have series of wins back to back,

When you get a single win, you become confident, and when you get back-to-back wins, you become overconfident, we all know that overconfidence isn't a good thing, especially if we are doing something that is based on luck and your overconfidence cannot influence the results if the results aren't based on luck and no skills, etc.

Even in sports betting, where the results aren't completely dependent on luck, overconfidence can shatter your gameplan and the momentum that you might have because as you said, one might start making random picks once they become overconfident, thinking that they will win even if they make their choices without doing much research and analysis which isn't how it works.

There is impact of confidence and overconfidence on decision-making and performance. Overconfidence can be detrimental, particularly in activities that rely on chance rather than skill. In games of pure luck, such as certain casino games or lotteries, overconfidence can lead people to make irrational decisions and underestimate the inherent randomness of outcomes. This can result in reckless betting behavior and significant losses.

Making picks based on inflated confidence rather than careful research and analysis can undermine the likelihood of success. Maintaining a balance between confidence and humility is essential in gambling. Confidence can be empowering and motivate individuals to make calculated risks, but overconfidence can cloud judgment and lead to detrimental outcomes. Gamblers should be staying grounded, remaining disciplined, and adhering to sound gambling principles. Those are how gamblers can mitigate the risks associated with overconfidence and improve their overall performance in gambling activities.

[STT]

I'd name some easily avoided but tempting to continue, as a game people play with far less diligence then they might another activity even sport people gamble with less caution while risking more money and security even.   So I'd name the mistakes of being too tired when you play, playing into the night while not really paying as much attention as you might normally with anything else.

  Playing while drunk, similarly I know lots who continue to play while barely able to see straight just looking for a random win to celebrate but if you want a good track record dont do this on a regular basis or cash will evaporate without realizing.
  The third mistake is playing with no budget or with no limit except for running out of cash, nothing wrong with playing a game for fun to learn or just to stay not bored but without a best strategy plan of risk vs reward then reduce the risks while playing is best .  If you play reckless in any way, maybe just distracted then betting with a lower amount maybe half or less lets you come back another time sooner then if you ran out and are left with a bad taste in your mouth from zero funds.

[Odusko]

Greed is one of the negative tools that have affected alot of gamblers and this lead to many losses for them because sometimes, instead them of taking a break from gambling,  they continue to chase after winning being too confident in their ability to win the next bet, but not knowing that some time luck may be overestimated and mistaken for skills.
When a gambler records a few winnings,  he or she is supposed to at least take a break, but when that doesn't happen, it becomes a risk for the gambler since there will be high chances of losing if they continue in such a direction.