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Author Topic: Foolhardy bets.  (Read 650 times)
Dr.Bitcoin_Strange
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May 27, 2024, 02:56:14 PM
 #81


I guess we all would have placed some foolish bets at some point of time in our gambling journey.
For me it has happened multiple times when I just decided to go all in and placed a bet with whatever balance I had in my account.
I have lost it every time I have done that and to be honest, it hasn't made any changes in my gambling style.
Everything is pretty much the same as it was before.

It can happen mostly when you newly started gambling, after losing so much money, you can just get bored and frustrated at the same time and you might just decide to do what ever your mind tells you to do without giving any second thought to what you are doing. At that moment it doesn't matter to you whether you know what you are doing of not, you have submit your self to 100% luck and not any form of common sense application. It happen to me when I first started gambling some years back.

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May 27, 2024, 03:13:24 PM
 #82

Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets.

I'm sure everyone here involved into gambling has made such reckless bet  at least once in life.

Did such bet/s change  your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?

I mean, in a manner of speaking, yes. I have changed my gambling style to be more on the high-roller side of things, but not because I am a doomer who wants to end it all in one fell swoop when I'm gambling. It's just that I find these types of bets even more fun and exhilarating considering the fact that I put more on the line than if I had made bets little by little. And it's not like I'm losing a lot too, since I'm using a strategy that would ensure I don't lose as much money as I would've, besides the fact that I have a separate wallet/finance when gambling, with a really tight budget to boot.

So yeah, I gamble and put more money on the line cause it's just that much fun, the adrenaline rush I get whenever I gamble and the prospect of losing/gaining that much money in a single bet is just that amazing to me, makes me really lock in and become more invested when I gamble, which at the end, ultimately makes me feel more fulfilled when gambling, cause I find that when I gamble little by little I don't feel as much fun and satisfied as when I make massive bets.

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May 27, 2024, 03:14:25 PM
 #83

I used to bet on basketball a lot of times and think that the ones who are performing better against all other teams will not win against teams with average performance. Back then, I do not take into account injuries when betting in basketball. I never even dare look at the lineups and I just based everything on recent performance and H2H thinking that that's all I needed to pick a winning bet. Little did I know that lineups and injuries matter AND can change even a few hours before the game. Since them, I switched up my analysis and included these little details before locking the bet. I even carried the same logic over to other sports when I found out that they were highly important.

Nowadays I tried laying low in sports betting and focused on casino games. It's not the most profitable thing per se but it doesn't require much thinking apart from knowing when to stop Cheesy
nara1892
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May 27, 2024, 03:59:16 PM
 #84


I guess we all would have placed some foolish bets at some point of time in our gambling journey.
For me it has happened multiple times when I just decided to go all in and placed a bet with whatever balance I had in my account.
I have lost it every time I have done that and to be honest, it hasn't made any changes in my gambling style.
Everything is pretty much the same as it was before.

It can happen mostly when you newly started gambling, after losing so much money, you can just get bored and frustrated at the same time and you might just decide to do what ever your mind tells you to do without giving any second thought to what you are doing. At that moment it doesn't matter to you whether you know what you are doing of not, you have submit your self to 100% luck and not any form of common sense application. It happen to me when I first started gambling some years back.

True, I think what you said is indeed a fact that happens and is experienced by most gamblers when they are in that situation, it is true that situations full of desperation can make a gambler take actions that are too reckless or stupid such as betting all the money they have which sometimes they also don't care about the results, but one of the reasons why they take these actions is because usually desperation and decision making based on emotions always want satisfaction without thinking about the possible risks that will occur and this action also more often leads them to regret when they realize it.

And yes it is true that the only thing that can help them in these situations is luck, in the sense that it does not mean that they will completely lose because if it turns out that luck comes at the right time then it will help them and lead them to victory, but the problem is not over, because usually even if luck comes and helps you then you will not necessarily be able to ignore the greed in your mind to continue the gambling session.

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May 27, 2024, 04:10:53 PM
 #85

People show emotions when they are losing too much amount of money. Although, people will be very happy and excited if they are winning but that is not the emotion that they are referring to while doing something risky like trading or gambling. It is about losses. The best way not to have such emotion, especially when losing is to use small amount of money to gamble. In casinos, you can gamble as low as $0.5 on many games, while small amount of money can be used in sport betting. But many gamblers will show emotions because they are looking for money through gambling.
When someone has lost a lot of money on the bets they play, of course it will be difficult for them to control their emotions and when they have won, of course they will be happy and limit the amount of bets. I think this is very good because when we experience defeat on the bets we play, we won't. It becomes a big problem, like when we place large bets, choosing to bet on many games will be very fun if we can win one of the bets we place and for some people who gamble emotionally, it will of course be very difficult for them to win the bet. they play and they will lose a lot, because most of them who are emotional when gambling will gamble with greed.

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May 27, 2024, 04:27:04 PM
 #86

and when they have won, of course they will be happy and limit the amount of bets.
I agree with what you have posted except this one. Although, some gamblers would win just little amount of money and be satisfied with it and stop gambling but most gamblers may not stop gambling while some people that are addicted or looking for ways use gambling to look for money will gamble more until they will lose all their money. I have seen a gambler that would win money and continue to gamble until he lost everything.

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May 27, 2024, 04:45:37 PM
 #87

and when they have won, of course they will be happy and limit the amount of bets.
I agree with what you have posted except this one. Although, some gamblers would win just little amount of money and be satisfied with it and stop gambling but most gamblers may not stop gambling while some people that are addicted or looking for ways use gambling to look for money will gamble more until they will lose all their money. I have seen a gambler that would win money and continue to gamble until he lost everything.
Some gamblers can use their winnings wisely to buy other needs, you can check the gambling thread, but relatively gamblers don't follow the correct way to manage money from their winnings correctly and wisely, they only think about how to increase their next winnings by placing higher bets . They will realize they have made a mistake after losing everything in a bet, even though they have done it but the same case will happen again when they have won another bet, their mind has been affected by a serious gambling addiction, they have to overcome it before another bad thing happens due to irresponsible gambling .

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May 27, 2024, 05:11:51 PM
 #88

Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets.
Read on this thread I made lately last about if Do you believe in gambling expert Predictions?
Right there it practically discussed that there is no amount of a gambler being to experienced and lucky to win in the gambling that is worth of the gambling to boast that they are gambling experts that can always stand the chances of predicting 100% games at all their games. Absolutely impossible so OP, the social media is only a gambling field where gambling various gambling companies advertises their gambling sites.

It could be followed by using celebrities or role models to influence the audience in claim that such a gambling site has potential easy winning if only you would follow bet on their site using their directives.
Those are all lies but common marketing skills because there is no gambling expert and not even the gamblers skills that could assure him such huge amount of prize of winning according to the media speculation.



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May 27, 2024, 05:16:47 PM
 #89

My betting style is still all over the place so I can't say it had an impact, but those bad decisions did encourage me to change by spending less and taking things more casually. Most of us would eventually experience countless losses, so we might as well do our best to take a step back and do something about it. We've heard stories about problem gamblers putting themselves in a worse financial situation, and going through the same situation is the last thing we want to experience.

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May 27, 2024, 05:38:01 PM
 #90

Did such bet/s change  your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?

Without denial, I have one way fall into the category of those who had reckless gambling in the past, in the process to get back their losses. But as time turned by and the level of experience, I began to ponder and realize that not all gamblers who had lost in gambling get it back. For those who had won big from gambling do end up losing back their big wins to gambling. However, no better move for one to take as a gambler than learning how to bet with less money. As Oshosondy will always advise, a gambler should have a betting budget of 3-5% of their salary. By doing that, they wouldn't feel pained if they experience losses or go above their limits on bets

R


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May 27, 2024, 05:44:13 PM
 #91

Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets.

I'm sure everyone here involved into gambling has made such reckless bet  at least once in life.

Did such bet/s change  your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?


Well this is a great topic and yes, making foolhardy bets sometimes happens. The problem about them is that if they hit, they could then be misleading positive results for future bets. The thing is that a foolhardy bet is not necessarily a losing bet. That's where it is to important to realize that what someone did was foolish despite winning. But sometimes it is exactly these bets that have enormous payouts.

Though you are certainly right that over a longer period of time it would be a losing game to play. But on the other hand I think that all the knowledge and analysis in the world doesn't give you guaranteed wins either. You were talking about skills and while I believe there can be skill involved in gambling, I still have my doubts that some people turn it into a profession and can live off of it for many years. I am not talking about guys who get lucky gambling for three months and then let everyone know they would be professionals. I would rather like to see someone who can prove that professional gambling worked out for a few years as that would eliminate the luck factor if someone can have net positive results while paying attention to bank roll management etc. When someone says it, I am sceptical whether it is true or not.
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May 27, 2024, 05:49:54 PM
 #92

I was foolish in betting on a team then switching to their opposition for their next game in a series because of how easily they had at first won.  Sadly they then lost just as easily as they had just won, it was very confusing that in each case the teams knew what to do to counter their opponent.

They were erratic but funnily enough well matched and I bet the wrong way in both cases basically,  had I just stuck with original choices better thought out for a bet in both games I would have just broken even pretty much.

I did hedge a bit via live betting because I recognized my mistake midway but it was not profitable for sure.  Being in a fluster is rarely a profitable outcome, you lag behind everyone else for starters.

Not exactly the worst just an honest mistake but also it would have been better to close while watching the actual game with a live bet seeing chaos compared to what I had envisioned.
  Just closing the bet early on to watch neutral, learning from my mistake(s) was the choice I could and should have made.

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May 27, 2024, 07:46:39 PM
 #93

and when they have won, of course they will be happy and limit the amount of bets.
I agree with what you have posted except this one. Although, some gamblers would win just little amount of money and be satisfied with it and stop gambling but most gamblers may not stop gambling while some people that are addicted or looking for ways use gambling to look for money will gamble more until they will lose all their money. I have seen a gambler that would win money and continue to gamble until he lost everything.

I know a few gamblers and it's usually the other way round. People who win big become more reckless. They feel they're lucky or at least have some "free money" to lose. Money that nobody will blame them for losing. It's gamblers who lose a lot the ones that find it much easier to quit. They fee so depressed that they don't want to go to the casino anymore to avoid that feeling of depression. There's a few people I know who always came back to play after a win, but most of them quit completely after a big loss.

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May 27, 2024, 08:17:42 PM
 #94

Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets.

I'm sure everyone here involved into gambling has made such reckless bet  at least once in life.

Did such bet/s change  your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?


Every time I lose, I become more cautious with my betting. Sometimes we make mistakes by thinking that a bet is a lock, and because we think that way, we become aggressive in terms of the amount we risk. Sadly, most of the time, it ends up as a losing bet. I realized that we should not put too much emotion into gambling; it's a game of numbers. Be responsible with managing your bankroll and aim to have more wins than losses. Follow the steps with discipline and, combined with skills in sports capping, we will eventually be profitable in the long run.

It's okay to think we are an expert because it gives us confidence but we should stick with the right strategy particularly in managing your funds since if winning streak possible, losing streak is possible as well.

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May 28, 2024, 06:22:27 AM
 #95

You need to know that gambling is indeed a reckless act or activity,

I would refuse to consider the general gambling in such way and philosophize on this matter.

Real gambling involves  logic, creativity, powers of observation, self-improvement  (you name it)     which in turn stimulates both sites (right and left) of the human brain thus increasing its "supercomputing" potential to make  hard decisions when needed.

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May 28, 2024, 06:28:58 AM
 #96


It can happen mostly when you newly started gambling, after losing so much money, you can just get bored and frustrated at the same time and you might just decide to do what ever your mind tells you to do without giving any second thought to what you are doing. At that moment it doesn't matter to you whether you know what you are doing of not, you have submit your self to 100% luck and not any form of common sense application. It happen to me when I first started gambling some years back.

losing at gambling is a normal thing, especially when someone is just starting out at gambling, it seems that most of the gamblers make mistakes that result in their losses. the most important thing is how we respond to this and not think too much about the loss, let alone gambling continuously to be able to chase the loss, that is quite careless and it could lead to addiction. it would be better for gamblers to respond more wisely and not gamble excessively when they lose. taking a break can be done so that gamblers can reduce the potential for even worse losses.

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May 28, 2024, 03:14:55 PM
 #97

losing at gambling is a normal thing, especially when someone is just starting out at gambling, it seems that most of the gamblers make mistakes that result in their losses. the most important thing is how we respond to this and not think too much about the loss, let alone gambling continuously to be able to chase the loss, that is quite careless and it could lead to addiction. it would be better for gamblers to respond more wisely and not gamble excessively when they lose. taking a break can be done so that gamblers can reduce the potential for even worse losses.
Yes, that's a normal thing. But if we loses is because we place a bet for fool thing, that's not suggested because that can makes one of us who playing gambling becomes angry or sad. That will effect to the relationship if we bet with our  friends. But if they already thinks about the loss and can accepts if one of them wins and will not feels bad, they can bet together. Even if their bet is their salary in a month, that will not be a problem for them. But it's better to becomes a wise person and always thinks that gambling is just for fun and not to be too serious so they don't have to feels bad when they loses and can enjoy their time with their friends. It needs awareness to accept the lose, even if they doing fools bet so there's nothing to worry if one of them loses because they can accept the outcomes.

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May 28, 2024, 08:10:00 PM
 #98

It can happen mostly when you newly started gambling, after losing so much money, you can just get bored and frustrated at the same time and you might just decide to do what ever your mind tells you to do without giving any second thought to what you are doing. At that moment it doesn't matter to you whether you know what you are doing of not, you have submit your self to 100% luck and not any form of common sense application. It happen to me when I first started gambling some years back.
losing at gambling is a normal thing, especially when someone is just starting out at gambling, it seems that most of the gamblers make mistakes that result in their losses. the most important thing is how we respond to this and not think too much about the loss, let alone gambling continuously to be able to chase the loss, that is quite careless and it could lead to addiction. it would be better for gamblers to respond more wisely and not gamble excessively when they lose. taking a break can be done so that gamblers can reduce the potential for even worse losses.
Starters supposed to win more. It is either because of beginners luck or it was only the casino making them believe that making money at them is so easy.

You already said that losing is a normal thing, so it is not about making a mistake and I believe there is no such thing as mistakes but all actions are intended and the money spend is not wasted but the person do also earn a benefit including a lesson if they regrated their actions. No it's not the loss that they are thinking but it was the win and if only they will think about losses, this is the time that they will stop and there is no guarantees for them to return in the gambling arena again.

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shivansps
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May 28, 2024, 08:21:54 PM
 #99

Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets.

I'm sure everyone here involved into gambling has made such reckless bet  at least once in life.

Did such bet/s change  your gambling styles?

Have you become to be more eager in gambling or , on the contrary it has put a chill on you?


Yes, there are a huge number of stories when a person won a jackpot or a large amount of money in a lottery or something similar. It's always interesting to listen to, but there is another side to this coin. For every person who won big, there are thousands (these are approximate figures from the head) of people who were defeated and lost their money. This is called the "survivor effect." That is, we pay attention only to success stories. But you should always remember that losing in gambling is easier than winning.
I have made a reckless bet in my life that resulted in me losing money. But in that case it was my own fault; my carelessness led to this. After that incident, my strategy changed. I don't make reckless bets anymore Smiley

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May 28, 2024, 08:41:16 PM
 #100


It can happen mostly when you newly started gambling, after losing so much money, you can just get bored and frustrated at the same time and you might just decide to do what ever your mind tells you to do without giving any second thought to what you are doing. At that moment it doesn't matter to you whether you know what you are doing of not, you have submit your self to 100% luck and not any form of common sense application. It happen to me when I first started gambling some years back.

losing at gambling is a normal thing, especially when someone is just starting out at gambling, it seems that most of the gamblers make mistakes that result in their losses. the most important thing is how we respond to this and not think too much about the loss, let alone gambling continuously to be able to chase the loss, that is quite careless and it could lead to addiction. it would be better for gamblers to respond more wisely and not gamble excessively when they lose. taking a break can be done so that gamblers can reduce the potential for even worse losses.

The opportunities and possibilities that exist in gambling will never look at a gambler, meaning that if you are an ordinary gambler and have no special ties to the casino behind the scenes then of course you will have the same opportunities and possibilities as other gamblers regardless of whether you are a beginner gambler or even a professional, and what we must understand from the beginning as a beginner is that we must understand that the name of the opportunity is nothing more than a “possibility” and the risk of losing is a “certainty” that can never be avoided in any way.

This means that if we do not want to experience problems or adverse effects of gambling then obviously the first step that must be prepared is “the right understanding”, because of course as we know that gambling will only be at high risk when we treat it in the wrong way which tends to be excessive, but if we gamble by bringing an approach that refers to many restrictions such as resting at the right time as you said then we will not experience too significant adverse effects such as experiencing large amounts of loss that can cause problems in our real lives.

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