Gambling mistake repeated by the gamblers

[Oasisman]

Greed is the enemy of man. Anything that involves money,you always see greed and whether we believe or not greed drives any financial market or state.
 
Gamblers need to fight the spirit of greed, but this can't be curtail if one isn't satisfied with his winnings, that the foundation of the problem. We must accept any outcome at all and not allow greed drive you to place more bets, because nothing is certain in gambling. As past winnings doesn't guarantee that same can happen again (future). So satisfaction (contented) with our winnings as this plays a major role as we gamble. And remove the habit of expecting much, or believing too much in your bets.

The earlier we build ourselves not to be controlled by greed the one step we add in our life outside of gambling.

Uhmm, Greed isn't actually the enemy of mankind, it is ourselves is our own greatest enemy. Greed is a human nature, I mean we all have different kind of greed. There is a greed in gambling and greed with other stuff too but all of these are almost exclusively associated with money. A person maybe contented at some point, but after some time all of us will have to move forward and yearn for more, we may not be able to label at as greed since we got contented at some point, but it is actually greed.
Now, greed in gambling is the most dangerous one because this purely involves money and more money. Winning or losing greed always follows. Again, it's an enemy, it is a human nature. If you know how to handle it, you will have a control over it. 

[Betwrong]

You are right in general, but in fact chasing losses can be bad only if gamblers have no control over their actions. Chasing losses can fun too, you know. If you know when to stop and if you can make yourself stop before you lose more than you can afford to lose then there's nothing wrong with chasing your losses if that makes you entertained.

To me though, I feel like chasing losses is the same as being greedy or that it's under that term. But you're right about how you can stop it from happening to you, most of the time, weak self-control or the lacking of it is the common reason as to why most people succumb to this problem. I don't like the idea of you advocating that chasing losses is a fun thing to do because there's an off chance that some numb nut will get it out of context and now you end up with a dimwit losing money because they thought that it's a good idea to do just that, I don't mind the idea of being entertained but I guess you can get away with it if you've got the discipline to do what needs to be done.

Indeed it should be ripped out from the context to understand it the wrong way. They key phrase there is "if you can make yourself stop before you lose more than you can afford to lose". I mean if you can make yourself to do that any kind of gambling activity can be fun, right? This is the main mistake gamblers make: they put at risk more than they afford to lose.

[Fredomago]

Indeed,  and that's why casinos are everywhere knowing that bad habits from most gamblers they will keep that edge against the greed of every gamblers who failed to control their emotions,  something that really gave the casino a big advantage as even sometimes a gambler already have decent amounts of earnings instead of quitting and enjoy the money  they win push forward trying to earn more.

Then the losing steaks will come out and little by little sucked back the money, with frustration and aggressiveness instead of making money,  gambler will Yolo bet and regret everything after.

Humans are very irrational by nature, so even if a person knew that it is impossible for them to beat the casinos, if they get lucky and they win a lot of money, they may begin to think that it is possible for them to get those results all the time, so instead of just being grateful for what they have, they get greedy and increase the size of their bets thinking they cannot lose, and as it is easy to guess such stories very rarely have a happy ending, since there is no person that can get lucky all the time.

Most of the time, that greed factors always leads in losing money, instead of being contented and enjoy what you got from the house, you'll start to think that you can repeat same outcome, the worse thing is, you have that impression that your strategy will keep you in the positive and you'll start increasing your bets, that's the time where casino owners already achieve their goals.

When you start placing huge amounts of bets and start to lose, your apetite also start to increase then aggressions will bring you to the point where you wanted to quickly recover your losses.

In that case, attachements will lead you to keep losing more money with that same emotions that you bring as it will keep repeating the cycle of your gambling habits.

[Raflesia]

Indeed right, when you still seeing balance inside your bankroll you mostly thinks that you'll capable to make things profitable unknowingly doing something that already hurting your balance to the point that you already lose everything, you keep doing that same mistake as greed mostly dominated us, hoping and aiming for big profits instead of being contented with some amount of money that you already earn,.

Always best to know and understand how to things works and how will you adjust for the betterment of the outcome of your game, it's your decision making that keeps you repeating same mistake over and over.

That's right, because when we have a balance in our money, obviously thoughts of gambling will arise because of great curiosity. We will think that when we gamble using this balance we will get more than our capital, but I am sure that when they do this they will suffer losses because gambling is just a game from the bookie or admin of that game. In fact, what gamblers do when they make mistakes over and over again is because they are addicted and their curiosity is so great to win that they do it over and over again.

So it will be very difficult to stop gambling even if they experience mistakes because they already have an addiction to playing. Unless they are aware that what they are doing is wrong and they only get losses rather than wins then it is very likely that the gambler will stop gambling.

[hyudien]

Humans are very irrational by nature, so even if a person knew that it is impossible for them to beat the casinos, if they get lucky and they win a lot of money, they may begin to think that it is possible for them to get those results all the time, so instead of just being grateful for what they have, they get greedy and increase the size of their bets thinking they cannot lose, and as it is easy to guess such stories very rarely have a happy ending, since there is no person that can get lucky all the time.

It's impossible for us who are just ordinary players to be able to beat a casino that has a system set up, even though there are some people who say they are pros at gambling, I don't think they can beat a casino, because the casino has its own rules that cannot be changed, including a higher losing percentage. greater than the percentage of winning. Winning at gambling can be obtained if we are lucky, that's what we have to pay attention to, many people who force themselves to win by gambling continuously actually make themselves trapped in an unprofitable cycle.
That's true, there are also and perhaps many people who gamble and win, but instead they increase the amount of their bet and return to gambling because they really want to win even bigger. If they feel confident they can win again at gambling, it only puts them in an addiction, positive thinking is good, but not with gambling.

[JMBitcointernational]

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.

From my own perspective i did not see greed as a mistake for gamblers , the reason is that every gambler is greedy and it’s natural to be like that.the meaning of gambling itself has greed as an implied clause because everyone wants to stake less to win big or to stake big and win huge .

When you visit a betting shop you will understand that gamblers are very greedy in nature and it is virtually instilled in every gambler whether directly or indirectly. I have seen people’s bet slip about 40games in one slip to with a small amount and with the sole aim of winning millions. If everyone wins such amounts consecutively from a gambling shop will the gambling shop or the casino house still exist or function again ? This is actually a question for another day.

Lastly, greediness is embedded in every gambler whether knowingly or unknowingly so I can’t beat my chest and say that greediness is one of the mistakes that gamblers make .

[retreat]

-snip-

Greed is our dearest enemy once we are in gambling. Cause it is proven and tested by other gamblers that once we have a big balance in our bankroll then sometimes greed will take over us and also when we let it take over us  then there's a chance that we will loss our money cause we will put a big bet aiming that we will win big amounts without knowing that we will slowly loss our balance and sometime our balance will become Zero if we can't fight our greed. So it is very important to fight our greed in order to prevent more losses.

It is true that greed is the thing that most often misleads gamblers - especially when they are experiencing a big win and see a lot of money in their bankroll, usually gamblers will be tempted to play again and again until their desires are fulfilled. For some gamblers, maybe they can control their greed, but for many gamblers they cannot control this which leads to their losses and even serious bankruptcy.
And because of this, it is important for gamblers to be able to set limits on their gambling and consistently adhere to them. Even though there are several opportunities to play more, gamblers must be aware that this is greed and do their best to fight the urge to play.

[South Park]

-snip-

Greed is our dearest enemy once we are in gambling. Cause it is proven and tested by other gamblers that once we have a big balance in our bankroll then sometimes greed will take over us and also when we let it take over us  then there's a chance that we will loss our money cause we will put a big bet aiming that we will win big amounts without knowing that we will slowly loss our balance and sometime our balance will become Zero if we can't fight our greed. So it is very important to fight our greed in order to prevent more losses.

It is true that greed is the thing that most often misleads gamblers - especially when they are experiencing a big win and see a lot of money in their bankroll, usually gamblers will be tempted to play again and again until their desires are fulfilled. For some gamblers, maybe they can control their greed, but for many gamblers they cannot control this which leads to their losses and even serious bankruptcy.
And because of this, it is important for gamblers to be able to set limits on their gambling and consistently adhere to them. Even though there are several opportunities to play more, gamblers must be aware that this is greed and do their best to fight the urge to play.

Another issue is that gamblers begin to create elaborate theories about why they got lucky this time, and as such they come to believe they can control their luck to some extent, and that is what makes them take huge risks as they think that things will surely turn on their favor this time around, only to discover that they have been mistaken all along and that now they lost an amount of money that is putting in jeopardy their future, and other than to complain bitterly about the casino, there is not much they can do.

[milewilda]

-snip-

Greed is our dearest enemy once we are in gambling. Cause it is proven and tested by other gamblers that once we have a big balance in our bankroll then sometimes greed will take over us and also when we let it take over us  then there's a chance that we will loss our money cause we will put a big bet aiming that we will win big amounts without knowing that we will slowly loss our balance and sometime our balance will become Zero if we can't fight our greed. So it is very important to fight our greed in order to prevent more losses.

It is true that greed is the thing that most often misleads gamblers - especially when they are experiencing a big win and see a lot of money in their bankroll, usually gamblers will be tempted to play again and again until their desires are fulfilled. For some gamblers, maybe they can control their greed, but for many gamblers they cannot control this which leads to their losses and even serious bankruptcy.
And because of this, it is important for gamblers to be able to set limits on their gambling and consistently adhere to them. Even though there are several opportunities to play more, gamblers must be aware that this is greed and do their best to fight the urge to play.

Another issue is that gamblers begin to create elaborate theories about why they got lucky this time, and as such they come to believe they can control their luck to some extent, and that is what makes them take huge risks as they think that things will surely turn on their favor this time around, only to discover that they have been mistaken all along and that now they lost an amount of money that is putting in jeopardy their future, and other than to complain bitterly about the casino, there is not much they can do.

Adding up those patterns or strategies is a never ending thing because on the time that they do make out some winning, then everything which they have done or wear into that particular day will really be tending to connect it out about on which this would really be a never ending kind of hunt into someone in speaking about creating some strategies and other things on which we know that this would really be that making out that kind of desperation on where they will really be that tending to stick into that kind of strategy and do really make out to make it work no matter what. Greed what pushes them to play even more, on the time that they would really be that desperate or on the time that they would really be having that kind of confidence or boost up of emotions on which this is something that will really be pushing up even more.
They would really be making that mistakes all over again and again and this would really be a never ending story into those people who are really that seeking on being profitable.

[Betwrong]

~

It is very difficult to be able to control ourselves when gambling and we will continue to hope that we can get a big win from the bets we place by hoping that luck will be with us from the many risks they take, maybe only a few times they will have luck from betting risks. that they play and when they are aware of what they are doing of course they will be able to manage their gambling well and will make the gambling they play not cost them too much money which will harm them, by complaining about the casino will certainly not give any results without us changing our gambling habits.

We can always hope for big wins, but that shouldn't prevent us from controlling ourselves. Isn't losing control the biggest mistake gamblers can make? None of us should make that mistake. If you enjoy gambling - enjoy it, but don't spoil everything by overusing and abusing it.

[danherbias07]

Indeed,  and that's why casinos are everywhere knowing that bad habits from most gamblers they will keep that edge against the greed of every gamblers who failed to control their emotions,  something that really gave the casino a big advantage as even sometimes a gambler already have decent amounts of earnings instead of quitting and enjoy the money  they win push forward trying to earn more.

Then the losing steaks will come out and little by little sucked back the money, with frustration and aggressiveness instead of making money,  gambler will Yolo bet and regret everything after.

Humans are very irrational by nature, so even if a person knew that it is impossible for them to beat the casinos, if they get lucky and they win a lot of money, they may begin to think that it is possible for them to get those results all the time, so instead of just being grateful for what they have, they get greedy and increase the size of their bets thinking they cannot lose, and as it is easy to guess such stories very rarely have a happy ending, since there is no person that can get lucky all the time.

That's correct and that is why while we are all prepared to lose, we must also be prepared to walk out after we win. We cannot just keep on gambling and think that luck will always be on our side because that's not how the gambling business is made. It is not a charity and there always be a point where we will keep on losing so it's best if we can enjoy what we won and go back another day when we think we need to have fun gambling again.
Plus, it's also a stressful environment if we just continue on betting, the sudden swings of our balance from losing to winning is not a good thing to see. I've played tag with the money I have many times and I can say all it brings is stress whenever I am on the losing points.

[Fredomago]

Indeed right, when you still seeing balance inside your bankroll you mostly thinks that you'll capable to make things profitable unknowingly doing something that already hurting your balance to the point that you already lose everything, you keep doing that same mistake as greed mostly dominated us, hoping and aiming for big profits instead of being contented with some amount of money that you already earn,.

Always best to know and understand how to things works and how will you adjust for the betterment of the outcome of your game, it's your decision making that keeps you repeating same mistake over and over.

That's right, because when we have a balance in our money, obviously thoughts of gambling will arise because of great curiosity. We will think that when we gamble using this balance we will get more than our capital, but I am sure that when they do this they will suffer losses because gambling is just a game from the bookie or admin of that game. In fact, what gamblers do when they make mistakes over and over again is because they are addicted and their curiosity is so great to win that they do it over and over again.

So it will be very difficult to stop gambling even if they experience mistakes because they already have an addiction to playing. Unless they are aware that what they are doing is wrong and they only get losses rather than wins then it is very likely that the gambler will stop gambling.

Unless they are fully aware and they have that good control both on their emotions and how they manage their finances as we know that once addiction already dominated the brain there's no way that you can quit without losing your money, it's very important that you are fully aware with the risk that you are taking and you are willing to submit whatever happened and you know when to let go, without this, you'll just going to end up keep repeating your mistake not to control and keep pushing in aiming for much higher earnings.

Indeed,  and that's why casinos are everywhere knowing that bad habits from most gamblers they will keep that edge against the greed of every gamblers who failed to control their emotions,  something that really gave the casino a big advantage as even sometimes a gambler already have decent amounts of earnings instead of quitting and enjoy the money  they win push forward trying to earn more.

Then the losing steaks will come out and little by little sucked back the money, with frustration and aggressiveness instead of making money,  gambler will Yolo bet and regret everything after.

Humans are very irrational by nature, so even if a person knew that it is impossible for them to beat the casinos, if they get lucky and they win a lot of money, they may begin to think that it is possible for them to get those results all the time, so instead of just being grateful for what they have, they get greedy and increase the size of their bets thinking they cannot lose, and as it is easy to guess such stories very rarely have a happy ending, since there is no person that can get lucky all the time.

That's correct and that is why while we are all prepared to lose, we must also be prepared to walk out after we win. We cannot just keep on gambling and think that luck will always be on our side because that's not how the gambling business is made. It is not a charity and there always be a point where we will keep on losing so it's best if we can enjoy what we won and go back another day when we think we need to have fun gambling again.
Plus, it's also a stressful environment if we just continue on betting, the sudden swings of our balance from losing to winning is not a good thing to see. I've played tag with the money I have many times and I can say all it brings is stress whenever I am on the losing points.

We need this mentality to enjoy, if we know when to leave especially while you still got decent amount of profits, it added excitement and fun when you quit with winning money, opposite from leaving losing everything which only brings regret after gaming. You need to realize and understand what you should do and how will you execute in both losing and winning situations.

[Hanadawa]

Indeed right, when you still seeing balance inside your bankroll you mostly thinks that you'll capable to make things profitable unknowingly doing something that already hurting your balance to the point that you already lose everything, you keep doing that same mistake as greed mostly dominated us, hoping and aiming for big profits instead of being contented with some amount of money that you already earn,.

People who gamble to win and become a source of income are thinking wrongly and need to be corrected. I'm not a gambling addict so I don't know how to be greedy in gambling to get bigger wins. But I have a friend who is a gambling addict. He was willing to spend his salary and savings after working hard just to gamble. I asked him if he never thought about how many losses he had lost. And the answer he gave was that he was aiming for the jackpot and if he got it then he could return all the money he had spent and still have plenty left for his daily needs. I don't know how he could think like that because to me it is a very ridiculous thought.

[bettercrypto]

Indeed right, when you still seeing balance inside your bankroll you mostly thinks that you'll capable to make things profitable unknowingly doing something that already hurting your balance to the point that you already lose everything, you keep doing that same mistake as greed mostly dominated us, hoping and aiming for big profits instead of being contented with some amount of money that you already earn,.

People who gamble to win and become a source of income are thinking wrongly and need to be corrected. I'm not a gambling addict so I don't know how to be greedy in gambling to get bigger wins. But I have a friend who is a gambling addict. He was willing to spend his salary and savings after working hard just to gamble. I asked him if he never thought about how many losses he had lost. And the answer he gave was that he was aiming for the jackpot and if he got it then he could return all the money he had spent and still have plenty left for his daily needs. I don't know how he could think like that because to me it is a very ridiculous thought.

Even though we have told them that many times and those who try to play here in crypto gambling, they do it or are still doing it because they rely on luck. And when they look at
gambling as a source of income, they look at it as luck.

In my opinion, this is an incorrect belief or mindset for a gambler. It's up to the individual if they accept this reminder from old members who have been playing gambling for a long
time and are well experienced in this field.

[summonerrk]

We gamblers have made and will continue to make the same mistakes.
We hope for luck, and this is correct from the point of view of mathematics. This is explained by the fact that if you are unlucky (for example, you went all-in at poker with high odds, but it was not your day) then you will know that next time the probability of a favorable outcome will be higher. This is the concept of "mathematical distance" and therefore it is advisable to place small bets so that the statistics are as even as possible and the element of luck in games is ignored as much as possible.
Every gambler should know this.

[ethereumhunter]

Indeed right, when you still seeing balance inside your bankroll you mostly thinks that you'll capable to make things profitable unknowingly doing something that already hurting your balance to the point that you already lose everything, you keep doing that same mistake as greed mostly dominated us, hoping and aiming for big profits instead of being contented with some amount of money that you already earn,.

People who gamble to win and become a source of income are thinking wrongly and need to be corrected. I'm not a gambling addict so I don't know how to be greedy in gambling to get bigger wins. But I have a friend who is a gambling addict. He was willing to spend his salary and savings after working hard just to gamble. I asked him if he never thought about how many losses he had lost. And the answer he gave was that he was aiming for the jackpot and if he got it then he could return all the money he had spent and still have plenty left for his daily needs. I don't know how he could think like that because to me it is a very ridiculous thought.

They must change their minds and not thinks about using gambling as a source of incomes because that will not works for them and they can lose their money without they realizes. They will not make money from gambling and they can becomes addicted to gambling if they can't stops themselves because many people already change themselves from playing gambling for fun into addicted to gambling. If they can realizes about their mistakes and wants to fix the mistakes, they will have a chance to do that and will see that they have a second chance to fix the mistakes. They will not trying to do the other mistakes and will makes them carefully when they playing gambling because they don't wants to have the same mistakes in the future. They will knows that playing gambling needs to be careful if they don't wants to loses much money.

[madnessteat]

We gamblers have made and will continue to make the same mistakes.
We hope for luck, and this is correct from the point of view of mathematics. This is explained by the fact that if you are unlucky (for example, you went all-in at poker with high odds, but it was not your day) then you will know that next time the probability of a favorable outcome will be higher. This is the concept of "mathematical distance" and therefore it is advisable to place small bets so that the statistics are as even as possible and the element of luck in games is ignored as much as possible.
Every gambler should know this.

What makes you think there's a better chance of a favorable outcome next time? In my opinion, this is one of the most common misconceptions in gambling. Each individual gambling session has nothing to do with subsequent gambling sessions. After a coin has fallen heads, the probability that the next time it will fall tails does not increase. In your example, the same thing happens. In my opinion, many gamblers first need to get rid of the misconceptions that lead to loss.

[Wakate]

Indeed right, when you still seeing balance inside your bankroll you mostly thinks that you'll capable to make things profitable unknowingly doing something that already hurting your balance to the point that you already lose everything, you keep doing that same mistake as greed mostly dominated us, hoping and aiming for big profits instead of being contented with some amount of money that you already earn,.

People who gamble to win and become a source of income are thinking wrongly and need to be corrected. I'm not a gambling addict so I don't know how to be greedy in gambling to get bigger wins. But I have a friend who is a gambling addict. He was willing to spend his salary and savings after working hard just to gamble. I asked him if he never thought about how many losses he had lost. And the answer he gave was that he was aiming for the jackpot and if he got it then he could return all the money he had spent and still have plenty left for his daily needs. I don't know how he could think like that because to me it is a very ridiculous thought.

Even though we have told them that many times and those who try to play here in crypto gambling, they do it or are still doing it because they rely on luck. And when they look at
gambling as a source of income, they look at it as luck.

In my opinion, this is an incorrect belief or mindset for a gambler. It's up to the individual if they accept this reminder from old members who have been playing gambling for a long
time and are well experienced in this field.

Gambling is spirit and one need to be very wise and disciplined or else the opportunity might happen to us making us gamble anyhow without limit or recklessly. Gambling mistakes is something new people im gambling tend to make because they might not have the experience even though they are aware of what detriment it could cause to gamblers. Ther are so mistakes that are unavoidable and one has to be careful which is sometimes caused by over gambling without limit of gambling management. If one keeps gambling without any risk management, it might not take time for the person to lose bankroll due to careless gambling style.

[junder]

People who gamble to win and become a source of income are thinking wrongly and need to be corrected. I'm not a gambling addict so I don't know how to be greedy in gambling to get bigger wins. But I have a friend who is a gambling addict. He was willing to spend his salary and savings after working hard just to gamble. I asked him if he never thought about how many losses he had lost. And the answer he gave was that he was aiming for the jackpot and if he got it then he could return all the money he had spent and still have plenty left for his daily needs. I don't know how he could think like that because to me it is a very ridiculous thought.

That is what must be corrected, they should not gamble to win let alone make gambling a source of income. This kind of thinking will lead them to great losses, with the beginning that will make them addicted, then after that they will feel other impacts such as financial losses and others. Because when they have become addicted to gambling, they will experience losses from many aspects not only from their finances. With them becoming addicted to gambling, there will indeed be a sense of greed that arises in them towards gambling that is done, such as when they get a win, they should cash it in but because of the greed that arises, they continue to play to get a bigger win.

Working hard and spending all the salary earned on gambling is a futile thing, because no matter how much people put their money into gambling and no matter how often they gamble, the result that inevitably occurs is a disappointing defeat, I hope you can give advice and direction to your friends not to expect too much from gambling.

[Dewi Aries]

We gamblers have made and will continue to make the same mistakes.
We hope for luck, and this is correct from the point of view of mathematics. This is explained by the fact that if you are unlucky (for example, you went all-in at poker with high odds, but it was not your day) then you will know that next time the probability of a favorable outcome will be higher. This is the concept of "mathematical distance" and therefore it is advisable to place small bets so that the statistics are as even as possible and the element of luck in games is ignored as much as possible.
Every gambler should know this.

What makes you think there's a better chance of a favorable outcome next time? In my opinion, this is one of the most common misconceptions in gambling. Each individual gambling session has nothing to do with subsequent gambling sessions. After a coin has fallen heads, the probability that the next time it will fall tails does not increase. In your example, the same thing happens. In my opinion, many gamblers first need to get rid of the misconceptions that lead to loss.

Well exactly I completely agree with your opinion buddy, in gambling there is absolutely no guarantee whatsoever to be able to end the session with a win, there is no accurate way or strategy that can bring you to victory, and also as you said and I completely agree that each gambling session has nothing to do with the next gambling session, for example when now you win with a large amount for example which makes you very happy but this incident cannot be used as a benchmark that in the next session or at a later time you will be able to get another win, of course in the end the results of gambling will always be different, or simply different times then different results too.

However, this is a fatal misconception that exists in the mindset of a gambler, one of the reasons seems to be that they are too hopeful about winning so they have high confidence that in the next session they will win again, even though this can never be known, there is no guarantee and no certainty because victory in gambling always comes by "chance".