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Author Topic: Making decisions while betting  (Read 2640 times)
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March 06, 2024, 07:44:24 PM
 #21

Your experience will help you out to control your emotions. It is important that when you gamble, you still have the control to your emotion because if not, worse things will come to you as you gamble.

You'll never know how much you'll be able to bet and lose when you're not on your right mind and you're out of control of your emotion. With that, too many gamblers fall to their own emotions because it seems unreasonable for them to control it when they can't think correctly.
Experience will not help some people but the result is gambling addiction. But for a wise person that has lost before, he should be able to know when to gamble and when not to gamble, also when to stop gambling he supposed to know that. Not able to control oneself while gambling will only make the person to gamble in a way he will always be losing all his money to gambling. You are not wrong that what will happen to such person will be worse.

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March 06, 2024, 07:48:53 PM
 #22

How do we regulate our emotions while betting and how important is it?
I don't know how important it is, and i don't think about it too much when i am gambling, i hear people talking about controlling their emotions when gambling, but i don't think i put too much concentration when gambling that i have to now control my emotion or feeling when gambling. I just put my money on what i think would work and i don't think about it too much, i don't put in more than what i can afford to lose, so my emotions are not involved at all.

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March 06, 2024, 07:49:55 PM
 #23

Overconfidence: Emotions can also lead to overconfidence, where we believe that our abilities and knowledge are superior to what they actually are. When we are in a positive emotional state, such as feeling confident or happy, we tend to overestimate our chances of success and underestimate the risks involved. This can lead to excessive betting and poor decision making. For example, if you are on a winning streak and feeling overconfident, you may ignore important information or ignore warning signs that indicate a potential loss.
This is one thing to remove by most gamblers. When you're too overconfident and as you gamble, you'll bring that up and will make you want to gamble some more because you're overconfident.

Which means that by having that kind of feat is gonna make you to gamble as much as you can without having the need to stop because, you're having that feeling.

So for you to control it, you need to remove first that overconfidence and that will give you the scare to gamble continuously when you're on a brink of having a losing streak.

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March 06, 2024, 07:50:25 PM
 #24

Your experience will help you out to control your emotions. It is important that when you gamble, you still have the control to your emotion because if not, worse things will come to you as you gamble.

You'll never know how much you'll be able to bet and lose when you're not on your right mind and you're out of control of your emotion. With that, too many gamblers fall to their own emotions because it seems unreasonable for them to control it when they can't think correctly.
The goal is to ensure we are open to grab the important goals in the system and milking steadily without any streak losing measures. There's more confidence to be exercised when one personally depend on himself rather than focusing on other alternatives, more like the sources. There's always presence of derivation in the system. Gamblers will be attached to do the wrong things each time they lose focused in the system. Losing affects the mind and there's no better way of handling the situations down other than facing our fears and ensuring we grant the possible solutions.



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March 06, 2024, 08:15:26 PM
 #25

How do we regulate our emotions while betting and how important is it?
regulating emotion can be extremely hard, and the best thing you can do about it(at least as far as I know) is to follow your routine as much as you can, I mean, setting up rules when you are gambling is a great way to regulate yourself, it tries to keep you from making irrational bets and decisions. you also need to have self-control and confidence in yourself, confidence isn't a bad thing, it is an important thing to have to keep yourself focused and not easily swayed by what's happening when betting.

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March 06, 2024, 08:34:52 PM
 #26

How do we regulate our emotions while betting and how important is it?

emotion is something very difficult to control so when it gets to a level of something you can not control it is better to quit so that you do not put yourself in any form of unnecessary emotional trauma and you start thinking, if you gamble a lot you will know what am talking about. you will always be fighting emotion, if it is getting out of hand it will be much better to just let everything go. emotion is very important in everything, especially in gambling because you will always be worried and you always expecting. there is a lot of damage that emotion can do.


I don't know how important it is, and i don't think about it too much when i am gambling, i hear people talking about controlling their emotions when gambling, but i don't think i put too much concentration when gambling that i have to now control my emotion or feeling when gambling. I just put my money on what i think would work and i don't think about it too much, i don't put in more than what i can afford to lose, so my emotions are not involved at all.

I know people will think emotions are overrated but bro it is important because everything about gambling is driven by emotion,  you will look depressed especially when you lose, and when you win you will be happy and that is how gambling is, I don't know for other people but emotion is something that will be very difficult to control. the only thing is to lose interest in some games because if you want to play every game then you will find it even more difficult to control it and because of the money the money people will not even care about controlling it.

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March 06, 2024, 08:38:26 PM
 #27

How do we regulate our emotions while betting and how important is it?
I don't know how important it is, and i don't think about it too much when i am gambling, i hear people talking about controlling their emotions when gambling, but i don't think i put too much concentration when gambling that i have to now control my emotion or feeling when gambling. I just put my money on what i think would work and i don't think about it too much, i don't put in more than what i can afford to lose, so my emotions are not involved at all.
That's one way to go about it and I feel its a very good way too because some persons tend to go overboard with their stakes and that's when the need to control emotions come in place because if one is focus on making money through gambler they might just end up being playing to actually recover their money back and when that happens emotions do fly everywhere and if you are careful you will lose out everything just because of the lack of control.

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March 06, 2024, 09:18:23 PM
 #28

Emotions surely can influence a gambler to going bust even sooner than what could have been.
If one's goal with gambling is to enjoy himself then they shouldn't stress so much about getting back lost money by increasing bets or depositing more. This is actually one of the most common catastrophic practices in gambling. Depositing more money to get back your losses can result in even bigger losses. And this is often a decision fueled by emotion.

On the other hand, there's more basic underlying issues behind anyone's gambling habits. For one, if someone can't have a sustainable source of income to save enough money, they should probably not actually gamble anything in the first place. Right now so many people in the world live paycheck to paycheck, not being able to save anything or perhaps even going in debt through the month after their paycheck money ends. In these cases gambling shouldn't be an option. Yet they see so many of the word's poor gambling. Really it's a big issue. People that gamble should be at a point in their life where they're comfortable losing a couple of bucks.

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March 06, 2024, 09:25:24 PM
 #29

Overconfidence: Emotions can also lead to overconfidence, where we believe that our abilities and knowledge are superior to what they actually are. When we are in a positive emotional state, such as feeling confident or happy, we tend to overestimate our chances of success and underestimate the risks involved. This can lead to excessive betting and poor decision making. For example, if you are on a winning streak and feeling overconfident, you may ignore important information or ignore warning signs that indicate a potential loss.
Been too confident about any game can sometimes be very disappointing because there are chances of unforseen circumstances and that could mean that you will loose your game especially when what you did picked was very much far from what had happened. When gambling use your risk management to help you, don't even think that because a pattern has repeated well enough doesn't make it authentic enough to just trust it, it could be that the day of You are been so dependent on such a pick trhst you get disappointed the most.

Don't bee too sure as gambling  is  a game of hing risk especially, with  casinos games which was  a reason to test run their confidence in the inerjd

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March 06, 2024, 09:40:59 PM
 #30


In the world of betting where decisions can increase or decrease your chances of winning, it is important to understand the influence of emotions on the decision-making process. Our mood can greatly influence the choices we make, and this also applies to in-play betting. Whether you're feeling elated, frustrated, or anxious, your emotional state can greatly impact your ability to make rational decisions and ultimately determine the outcome of your bets.
In sports betting maybe. In casino games? Ehh in hindsight it's just bias. I recently described it as something you'd only realize AFTER it has already happened, which creates a bias inside you that you think you were right beforehand when in reality, similar instances but the opposite happened has always been happening, you just don't remember it.

How do we regulate our emotions while betting and how important is it?
If you're playing for fun then set a limit. Honestly letting loose is what having fun is for the most part, so trying to regulate whatever you're trying to enjoy kind of sucks the joy out of it, so the best way here is to limit what it can affect you. In this case, well, money.

If you were doing it to earn money though, then I'd suggest giving up but if you want to then yeah, regulate your emotions. After all, playing to earn it technically has no limit since it's an infinite cycle of you losing money, trying to recoup, winning it back, betting to get more, and then losing it all again.

R


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March 06, 2024, 09:52:28 PM
 #31

Emotions play an important role in influencing your betting decision-making process. Being aware of the impact of our moods and actively working to regulate them can dramatically improve our choices. By avoiding rash decisions driven by emotional highs and lows, guarding against overconfidence bias, and finding a balance between caution and risk, we can enhance our chances of success in  betting.

Regardless of what we do, winning while gambling depends on being lucky as someone that's not in his right state of mind can still place a bet and win a big sum of money meanwhile someone that does everything you're saying will still lose. Making correct decision when gambling can have a good result if you're in the right state of mind but it doesn't guarantee success therefore you shouldn't put all your hopes on them but gamble and enjoy yourself regardless of the games outcome.

When gambling just don't over stake an amount that won't give you peace of mind if you lose the money or over gamble more than you played to gamble due to chasing after losses. Having the right thinking will help you to go a long way most times as you can't be thinking wrongly and expect yourself to play well and win therefore don't make decision when you're not sure of what you're doing but take a break.

R


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March 06, 2024, 09:55:27 PM
 #32


How do we regulate our emotions while betting and how important is it?


In the world of betting, a bettor who does not know how to control his/her emotions is deemed to be a failure.

I will only echo a few things that have been said before in threads that are similar to this on what one could do that would improve how they manage their emotions.

First, learn to play with something that you can let go of easily, i.e., play with only what you can afford to lose. This might sound simple, but it has helped prevent a lot of bettors from having a mental breakdown after experiencing some losing streaks. Imagine depositing money that was meant to be used for something else on your gambling account, thinking you would be able to double or triple it, but unfortunately, you lost it. And also, when you`re playing with money that you`re not supposed to use to bet, you tend to be agitated, which sometimes reduces how you think, leading to you losing the money.

Second advice would be "don`t be greedy". I know a lot of us might have heard about this one more than a hundred times, but the truth is that a gambler should be ready to call it a quit even if they are experiencing a winning streak. There are times when we experience some wins and then we start to have the feeling that if we just continue to wager or if we increase the amount we are staking, we would win even more, but in the end we close that session with a loss. So a gambler should be ready to take whatever little profit they are able to get and not be greedy for more.

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March 06, 2024, 10:08:18 PM
 #33

How do we regulate our emotions while betting and how important is it?
If you are not conscious of yourself and emotions, you may never know when you are making a decision  that has been triggered by emotions. To always catch yourself in the midst of your bad decision, always second scrutinize your decision making and ask yourself if you are making decisions based or on your emotions or  the decisions are made on the actual facts and reasons. If you always second guess your decisions, to check if they are emotion based, you will not easily fall into the mistake of making bad decisions due to emotions.

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March 06, 2024, 10:17:54 PM
 #34

How do we regulate our emotions while betting and how important is it?

One way I feel we can regulate our emotions is by gambling responsibly. There are different ways of gambling responsibly. One way is gambling with what we can afford to lose. Secondly, we have to keep our gambling in check, we can place bets on everything, but we have to know what we're used to and stick to it. Try as much as possible not to go beyond your limit in both the money spent on gambling and the time.

When we gamble responsibly, we eliminate a lot of things. When we lose, we'll feel emotions of course, but it won't be that bad because we lost money that we can afford to lose.
When you gamble responsibly you'll understand that gambling is a game of chance. You win not only because you gamble well, but also because you got lucky. So we always have to remember that no matter how well we analyze the bet, luck must be on our side and we know that luck is not something control ourselves and since you have no control over luck, we don't have to be overconfident.

R


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March 06, 2024, 10:29:48 PM
 #35

I think "overconfidence" is what happened to me yesterday.
4th quarter, less than a minute is remaining in the game. Denver Nuggets came back from a 22-point lead of the Suns and they even got the lead in the process. I thought they could win that game so I made a bet for them. Sadly, it continued to over time. That's where they are beaten.

Because of the emotional state of being so happy that my favorite team came back from the dead, I got too confident that they could win that game. It's not a low amount which is why I was so shocked that it's difficult to forget it. They are a good team and they showed it yesterday which is why I tried to back them up by betting for them in the nick of time. In my mind, they will win that game, without even analyzing what the results could be. I guess I could say I was also dragged by the emotional state of the fans when they started the rally to come back.

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March 06, 2024, 10:35:20 PM
 #36

The factors mentioned are considered human nature. It's normal to feel that way.

Even professional sports bettors still got carried away. Forget controlling those as it's impossible.

Rather than controlling those, the better way should be, to try to manage those. The only way to manage emotions throughout our sports betting experience is to be used on doing sports betting. Regular involvement in sports betting will teach us to adapt how to manage our emotions along the way.
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March 06, 2024, 10:45:31 PM
 #37

How do we regulate our emotions while betting and how important is it?
It is easy to control your emotion while bettingbif you are disciplined and gambling responsibly. What you just need to do is to have a gambling budget and do not let it be more than 1 to 5% of your weekly or monthly income. Assuming you are earning $500 weekly and you are using just 5% to bet which is just $25, that can not affect you financially. But if it will affect you financially, you can go as low as using $5 which is 1% of your income. If you try this, you will see that gambling is good and fun and you will be able to control your emotions. But do not go more than your gambling budget which should be a small amount/percentage from your income which can not affect you financially.
You are right, but to be honest with you, I think the ways of one controlling his or her emotions in gambling is easier said than done, based on my personal experiences by the way.

Gambling is filled with temptation, someone earning $500 weekly or monthly can set out $5 to $25 dollars for gambling and keep the rest for other important thngs, but trust me, there must come a time and day when that gambler will play and lose the $5 or $25 and still feel a very strong urge to still some gamble some more, for winning is just by the corner, and this mostly happens in casino or slot games, the player may then feel like "OK, i still have $475, let me take out $75, and keep $400, which is a round figure", he or she will then start playing again with the $75, which he or she may eventually loss all after some minor wins here and there.

This is something I have personally experienced a couple of times, though I now know how best to deal with such when ever it comes, butt  for the newbie gamblers, it can be very difficult not to fall for such tricks.
We all have hard that experience of not following what we speak or follow our lay down principle when it comes to gambling, this experience is same to almost everyone gambler's at first you get so carried away not to follow your principle and becoming carried way by emotions, but while we grow in gamblywe are able to fine our way around it and fight not to allow emotions into our gambling space because that has always been the root cause of many loses that have been recorded in the past and for that we need to eliminate the  tendency of that in our gambling decisions.

Many times, we need to put up a mechanism that can protect us while gambling and this mechanism should be able to help us to gain the necessary responsibilities that we need in other to make healthy gambling decisions, and this could come from our failure or bad experiences.
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March 06, 2024, 10:57:36 PM
 #38

The gambling that don't depend on skills, they don't matter if the person at that moment is sad or not, the person just needs to keep playing, they just need to put money in and start, that's it. There is nothing to analyze, there is nothing that he can create a strategy for, there is no strategy in gambling that do not depend on luck. if the person is lucky then he will win a lot of money, if the person is unlucky then the person will lose. and something very simple. As for gambling that depend on skills, in my opinion it is obligatory for the person to play when they are emotionally well, it makes no sense that a person who is having problems at home, is crying at home, leaves the house crying and stay in a casino playing poker crying and with a sad face

The players who are playing will also warn you not to play and leave, if you persist and lose everything then you shouldn't complain about anything, because you received a lot of warnings and didn't want to listen on purpose. I haven't seen any stories yet of someone saying that they keep placing sports bets when they are sad and have problems in real life, sports bettors know that analyzing a game is something that needs a lot of focus and that they shouldn't include emotions and it doesn't make sense. if the person is going through problems, then wait to solve their personal problems and then they can go back to playing, this is something that thinking people will do

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March 06, 2024, 10:59:19 PM
 #39


How do we regulate our emotions while betting and how important is it?


One best thing to regulate emotion is by using money that is free of obligations.  Another way is to let go of favoritism.  Yes each one of us has our own favorite team but we must be able to tell the difference between teams, their skills, their current performance, and other factors that can affect the result of the game.  In betting, we should set aside our favoritism, we can cheer for our favorite team but bet on the team that has more chance of winning.

We must not bet when we are intoxicated, this will give us less control over our emotions. We should also be objective or have a goal and stick with it.  This way we are able to ignore/regulate emotions since we have better things in mind to focus on.

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March 06, 2024, 11:29:01 PM
 #40

Everyone has emotions, but not everyone is able to control their emotions well. Especially if we talk about gambling, where this activity (gambling) can stimulate our adrenaline which can sometimes make our emotions go up and down, both when we win and vice versa. When we win, sometimes this creates extraordinary euphoria and a strong belief that luck is indeed on our side, thus making us even more ambitious to continue playing, and because we already feel confident enough, in the end we make the wrong decision. , namely by risking the results we obtained from previous wins in one betting session (all in), for an even bigger win, but instead of getting a win, we actually lost the previous winnings.
And the same goes for when we lose, especially if the losses occur consecutively, which is very annoying and makes us feel a little frustrated about the final result of the bet. Because we are quite emotional about the defeat, in the end we spend some money again, decide to place another bet, just to take revenge for the previous loss, and hope that we will be able to produce a big win that can replace the previous loss. But again, instead of a win coming, the result is that we get another loss.

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