Fear of losing money to gambling

[Yamifoud]

Some gamblers gamble just to experience how this works, but they never take it seriously. This is how I started until I developed some confidence and experience, making me gradually increase my bets. I think there is no need to be aggressive and put huge bets if you are a newbie or even if you are an experienced gambler.

That is why I agree with people saying, "only bets the amount that you can afford to lose". It was not just controlling or avoiding losing huge, but also it was a way of making our gambling journey not regrettable.

[Onyeeze]

Some gamblers gamble just to experience how this works, but they never take it seriously. This is how I started until I developed some confidence and experience, making me gradually increase my bets. I think there is no need to be aggressive and put huge bets if you are a newbie or even if you are an experienced gambler.

That is why I agree with people saying, "only bets the amount that you can afford to lose". It was not just controlling or avoiding losing huge, but also it was a way of making our gambling journey not regrettable.

Actually the fear of gambling is losing, their is nobody who has gamble and understand the ways of gambling that will stand to tell you that gambling is all about profits and profits, if you don't the fear of losing in the gambling I don't think you are a gambler,  if you beginner in gambling they always be on tension and they don't gamble with what they can't afford to lose, they gamble with smaller amounts, it's when greediness entered them it's when they will be gambling with what they cannot afford to lose, and when they lose they will start having a regret. So the thing is that we should gamble with what we can afford to lose.

[$crypto$]

He thinks when low stakes win, but when large bets lose, then like him he is a little frustrated because he won a small amount.

But if you are afraid of losing then it's better not to gamble --- especially if you still doubt that there is more upset to see the losing bets he is not ready to lose, people like this are usually difficult to understand and want to win continuously.

Maybe he hopes to win, to be able to enjoy his victory.

[Orpichukwu]

I think it's normal; he was afraid to go in with an amount bigger than that $0.7 even as he is not satisfied with the profit he made with it, but still he went in with what he could afford to lose; the $20 is what he can't afford to lose; such a type of person should just keep to betting with the amount they can afford to lose and avoid placing bets with higher amounts because if he loses it, he might not be able to forgive himself since he is already afraid of numbers.

[Weawant]

He has bet a very small amount so he doesn't care about it. Here if he bet at least $20 or more he would have taken care of it. Then he would have been very happy if he had won twice, not five times. But of course every single dollar should be cared for. Because money is always money. If he's just in it for fun then that's fine.  But if he takes them seriously then later he will bet bigger amount of money there and of course his target will be big odds and there he will lose most of the time. 

Usually your win has got relativity with your stake and this even entail your emotions,  your and even the possible psychological effects you could get resulting from you making such "huge" stake because for some others,  this could literally be referred to as a small stae meanwhile this could for some others  turn out their biggest or their complete account size.  For some the bigger their stake, the smaller their odds and the reverse is for the other case.

[DaNNy001]

I like people that bet with low amount of money. The highest bet I had this year was $10. It is because it is very small for me to bet with. If I win, I will not blame myself for winning small amount of money. I prefer it like that.

I hope the person will not be deceived and think 5 odds is easy to bet with and win. I hope this will not encourage him to bet with high amount of money. A kind of money someone will think like that for, the person will bet with it and be panicking not to lose. I hate such panic.

Well I will not be surprised if he deceives himself that 5 odd is easy to forecast in sport betting or any form of gambling. The moment that regret syndrome is already there it is very possible that he will go higher next time with his stake because that mindset of hitting that huge profit with a high stake will continue hunting me until he fulfil it and believe until he finds out that betting isn't something people should even put their hopes of getting rich into he won't stop that regret.

[BitMaxz]

Thats the dumbest thing i ever heard in terms of gambling.  Why woukd you ever bet if the outcome after a win is that you are mad aboit it lol.  I mean in the best case he loses money makes no sense.  I get the fact that after a heavy underdog wins you wished you bet more but to be mad that you won is crazy.  Sounds like that person needs to stop gambling altogether honestly

It turns out he got mad because he missed the opportunity to win big because he's planning to bet $15 but since he was afraid to lose that amount, he decided to go with $0.7 which is far from what he should expect to win if he bet the $15.

Based on the story in the OP, I do not think the bettor is mad; he may simply feel that way, but I believe he regrets putting his $15 on his bet, and after the outcome, I guess he was surprised; he did win, but only by a small amount, and he regrets not putting the entire $15 on his bet.

For me, this is just a game why would you afraid if you are willing to risk the $15 unless you save it for an important thing? Since the gambling is unpredictable, what he did was still the safest way to avoid losing much if the result is against his will. He should not be angry or regret what he did because gambling is still for fun.

[aoluain]

Some gamblers gamble just to experience how this works, but they never take it seriously. This is how I started until I developed some confidence and experience, making me gradually increase my bets. I think there is no need to be aggressive and put huge bets if you are a newbie or even if you are an experienced gambler.

That is why I agree with people saying, "only bets the amount that you can afford to lose". It was not just controlling or avoiding losing huge, but also it was a way of making our gambling journey not regrettable.

Yea possibly but I recon most people start off thinking they are DEFINITELY
going to make profits...this then can go either of two ways - addiction or entertainment!

I definitely think anyone starting out with gambling needs to know that its not
necessarily going to be all profit and needs to come to the realisation that the
odds are stacked against him!

With that knowledge there shouldnt be any shocking surprises.

[AliMan]

And the simple question is - Should a gambler be afraid of losing money to gambling? Why not simply stay away from gambling then?

I was In a group chat on WhatsApp yesterday when a member told us he won his 5 odd bet was very angry still, he said it didn't feel like a winning to him and would have been better if he had lost the bet, many of us were surprised as to who in their right senses wishes themself loses in sports betting.

I later tried to find out what actually happened and discovered the dude had only put around $0.7 on the bet and won around $3.5 (amount not enough to even buy him a snack and a bottle of bear), this was the reason he was not happy and wished the bet ended in a loss 😁.

I later in the chat asked him why didn't he bet a bigger amount of money like atleast between $20 and $50, any of this amount would have given him a nice total win amount from $100 and above, he responded saying he initially wanted to bet $15, but he was afraid of losing this money, coupled with the fact that he wasn't also sure the bet would win, and I then asked him, why is he now angry for winning a small amount of money when it's completely his fault? And what is the essence of gambling in the first place when the fear of losing money outweighs the desire to win big amount of money?

We can't stop someone having phobia of losing money, and I think the experience also contributes to this situation towards that person. If that mindset remains, O guess gambling would really won't fit on this type of individual because failure to afford of losing huge few bucks isn't a legit gambler. The world gambling is risk for everybody, so let's face that reality and avoiding fear is a deep conviction and principle as well.

[alastantiger]

And the simple question is - Should a gambler be afraid of losing money to gambling? Why not simply stay away from gambling then?

So many gamblers have the fear of losing money when gambling some times it's their fear that makes them to lose money when they haven't started gambling. Fear is more bad than it motivates you to do things. When you're not optimistic about the things you're doing, the chance of them becoming a success is going to reduced. Anybody that's afraid of losing money shouldn't be gambling because losing money is a certainty in gambling. You can't always beat the bookies because they set the rules and odds as it's their duty. They know what's going to get you tempted to go for but will be bad for you because it'll make you to lose money. Don't be afraid of losing money assuming you want to take gambling as a serious thing that you're into.

[Rengga Jati]

And the simple question is - Should a gambler be afraid of losing money to gambling? Why not simply stay away from gambling then?

This shouldn't asked by a gambler because he knows it well. The chance of winning in gambling is always 50:50, this can't be changed. So, the chance of losing money is 50:50, even it can be higher. So, when someone decides to play gambling, he shouldn't be afraid to lose money. However, we must be wise to use money in gambling, it shouldn't bother our life. That's why we only spend the money that we can afford to lose in gambling, too. This will ensure us to have no problem with out financial in the future.

Sure, if we don't want to lose money, kindly stay away from gambling. It is only for people who are ready to lose money. It is nonsense to expect losing no money in gambling.

[Dewi Aries]

I think it is right to say that he is a loser who always wants to win big but is not ready to experience defeat, however in gambling the amount of winnings will mostly depend on how much you bet, I understand that it is not impossible for you to get a big win by betting a small amount but the fact is that it is very rare, you really need very good luck.

And also I really don't see any responsibility from the gambler which means that he certainly has a wrong understanding of gambling, basically ending up with a win will always be much better than going home empty-handed.

[Smartvirus]

We can't stop someone having phobia of losing money, and I think the experience also contributes to this situation towards that person. If that mindset remains, O guess gambling would really won't fit on this type of individual because failure to afford of losing huge few bucks isn't a legit gambler. The world gambling is risk for everybody, so let's face that reality and avoiding fear is a deep conviction and principle as well.

Should you have the conviction that there is no lose and should not lose, then you shouldn’t be gambling. That’s rightly because, loosing is predominant in gambling than you would find elsewhere. I think the next to this would be some magic trick.

Loosing is how the game stays in business. No one is in this shit to not make money out of it at some point or angle. Either you’re making money by winning or loosing and letting the house make money off you. You can’t ways hope to win, you would send the house out of business.

[Ever-young]

Their discomfort is the typical regret of 'I should have played more,' or 'I regret not having made that bet' after knowing the result, and that is a fallacy, feeling regret for a fact that has already transpired and believing that their decision was 100% correct or not. If they had lost, they would be glad not to have bet $15, which results in an irony.

That regrets if you ask me I will say it’s being accompanied by greed and un-contended, because if the person was contented with what he or she use in placing the bet their is no time he could have regretted his decision of using smaller amount, they feel the regret because the game played in his favour which a different thing could have been the case if the game was not a win.

[suzanne5223]

And the simple question is - Should a gambler be afraid of losing money to gambling? Why not simply stay away from gambling then?

The gamblers that are afraid of losing money in gambling do not qualify to play the game or called a gamblers because s/he is totally naive about the game.

For the record, the game was created to provide players chances but favor the house. This technically shows that every gambler win is just a luck although it may also involve the gambler knowledge and skill

I was In a group chat on WhatsApp yesterday when a member told us he won his 5 odd bet was very angry still, he said it didn't feel like a winning to him and would have been better if he had lost the bet, many of us were surprised as to who in their right senses wishes themself loses in sports betting.

I later tried to find out what actually happened and discovered the dude had only put around $0.7 on the bet and won around $3.5 (amount not enough to even buy him a snack and a bottle of bear), this was the reason he was not happy and wished the bet ended in a loss 😁.

Many gamblers always fell the something and I believe what always trigger the feels is their loss, and the chance they miss which is hard to see another one.

[Accardo]

Some gamblers gamble just to experience how this works, but they never take it seriously. This is how I started until I developed some confidence and experience, making me gradually increase my bets. I think there is no need to be aggressive and put huge bets if you are a newbie or even if you are an experienced gambler.

That is why I agree with people saying, "only bets the amount that you can afford to lose". It was not just controlling or avoiding losing huge, but also it was a way of making our gambling journey not regrettable.

Actually the fear of gambling is losing, their is nobody who has gamble and understand the ways of gambling that will stand to tell you that gambling is all about profits and profits, if you don't the fear of losing in the gambling I don't think you are a gambler,  if you beginner in gambling they always be on tension and they don't gamble with what they can't afford to lose, they gamble with smaller amounts, it's when greediness entered them it's when they will be gambling with what they cannot afford to lose, and when they lose they will start having a regret. So the thing is that we should gamble with what we can afford to lose.

In a similar way, wagering smaller amounts also adds up regret just like the gambler had won a low return. He'd be pushed to increase the wager, and may lose out the money. It's not wrong, that he didn't make more wins, he won that's all that matters. But greed always sets-in, and they'll assume the results would turn out positive. The casino atmost offers those wins to low rollers just to make them place more money.

[STT]

Keep gambling as a game is good advice and if that what he was intending to do by limiting possible losses then I tend to agree with the logic.   The only real way to prove you are winning at the gambling is by consistency and even with small bets a consistent win can become much bigger by rolling over your winnings.

 If he had not had previous wins to justify betting alot at that moment, he is just being sensible and even keel is my basic take and good luck to him dont try to tell he is wrong staying on the straightest path he knows.   

[Nothingtodo]

As the bets with big odds start to lose, a kind of fear has entered his mind due to which he does not want to take bets of large amounts. When he takes bets of small amounts due to fear of losing money, that bet wins. Many times, in our case too, we reduce the amount for fear of losing money, but we end up winning the bet, which is very similar to the OP's story.

[Cointxz]

And the simple question is - Should a gambler be afraid of losing money to gambling? Why not simply stay away from gambling then?

I think it’s not bad to feel fear to lose your money in gambling because it’s still money regardless if you can afford to lose it. What is wrong is you can’t stand the fact that you lose that makes you stressful in long term and affect your daily life.

I feel fear but it go away quickly. It’s like a vaccine that stingy at first but quickly go away the pain when done.

[TravelMug]

And the simple question is - Should a gambler be afraid of losing money to gambling? Why not simply stay away from gambling then?

I was In a group chat on WhatsApp yesterday when a member told us he won his 5 odd bet was very angry still, he said it didn't feel like a winning to him and would have been better if he had lost the bet, many of us were surprised as to who in their right senses wishes themself loses in sports betting.

I later tried to find out what actually happened and discovered the dude had only put around $0.7 on the bet and won around $3.5 (amount not enough to even buy him a snack and a bottle of bear), this was the reason he was not happy and wished the bet ended in a loss 😁.

I later in the chat asked him why didn't he bet a bigger amount of money like atleast between $20 and $50, any of this amount would have given him a nice total win amount from $100 and above, he responded saying he initially wanted to bet $15, but he was afraid of losing this money, coupled with the fact that he wasn't also sure the bet would win, and I then asked him, why is he now angry for winning a small amount of money when it's completely his fault? And what is the essence of gambling in the first place when the fear of losing money outweighs the desire to win big amount of money?

For me that is the very definition of gambling as well, it's the unknown, and maybe there are some who fears that but at the back of their minds then wanted to try and test their luck. And so there could be regrets in the end, like in this example wherein the bet is just small and he could have won big if he is willing to take that big risk.

And I will say that there are gamblers that have this kind of mindset, it's just like testing the waters for them. And will stake that small amount and see how it goes. But the thing is that those are the same people who will have a lot of regrets in life, maybe not just in gambling, because they don't want to take risk.