Fear of losing money to gambling

[batang_bitcoin]

The fear of losing hit different not as the one with the person who gamble with higher percentage of his income, if you truly understand what gambling is all about and yet decide to go into it, that means you are ready to accept the fact that even if you lose it’s normal so that fear to me is not necessary, I know their is no amount of money which will be lost that the person won’t get sad over it but that will be at the end of the game and not being afraid of losing even before the game get started.

That fear is temporary and I think it comes to all of us and there is no way to stop it from the moment that we feel it. But eventually, it will be gone and we have to proceed with the byproduct of fear and that is being strong. Because you'll realize that being feared of losing money isn't going to make you gamble and strong but, it will make you weird feeling that when in fact that you are a sole gambler.

But as explained by @Ever-young that there should be no fear involved in gambling even though fear is a natural thing considering that it is a human trait, the reason is because from the start we are the ones who make the decisions, no one else or any party tells us to play or tells us to choose one over the other, meaning we are the ones who determine and regulate everything especially regulating the amount we should bet, that is the reason why I think fear should not be involved in gambling because it means you are not responsible for the decisions you have made at the beginning, so feeling afraid of losing money is a loser mentality because it is contrary to the concept of responsibility that is always recommended.

Yeah, we get to that. It's just a start and everyone will have to accept the fact that it's an important matter to take care of when you gambling. Those fearless have also their own fears but they are not just showy to everyone. So, both of you are right with that. We have to face our fear of losing money and to do that, it's easy. Accept that with gambling, it's just a part of it and we'll know and understand how this fear might either develop us or scare more of us.

[taufik123]

-snip-
So, both of you are right with that. We have to face our fear of losing money and to do that, it's easy. Accept that with gambling, it's just a part of it and we'll know and understand how this fear might either develop us or scare more of us.

It's easy to lose but it's hard to forget the losses that ever happened in gambling when you really hoped to win in gambling.

Because of that, I have felt that even though the money I use is only a few dollars, but maybe for some beginners it will be a very bad start.
It's hard to accept defeat and lose everything at the beginning, but if you are used to it and know what to do when you lose, maybe it won't attack you psychologically.

But of course, people who are too afraid of losing will feel a loss when their game fails and does not produce anything, and it also depends on the purpose of gambling whether to make more profits or just as entertainment.

[fruktik]

There’s no need to make things harder for ourselves. If we’re afraid of losing money, then we shouldn’t be gambling in the first place. That’s just how gambling works, you win some, you lose some. But if someone still forces themselves to gamble despite that fear it could lead to addiction. why? Because the fear of losing might push them to chase losses, trying to recover every time they lose.

In short, gambling isn’t for the reckless, it’s for those who are smart enough to understand risk management.

This is the trap I fell into many years ago. First, I lost a lot of money, and then I wanted to win it all back, but this led to losses that were incomparable with my income. I had to ask banks for a loan. Do you understand? I went to a bank to borrow money to gamble? Naturally, the reason given was completely different, but this does not change the main point. In the end, I received these funds. And what do you think happened? Of course, this money was also wasted. It was a total failure in my life. Everything went to hell. What happened next? That's a separate story.

[Suzume]

There’s no need to make things harder for ourselves. If we’re afraid of losing money, then we shouldn’t be gambling in the first place. That’s just how gambling works, you win some, you lose some. But if someone still forces themselves to gamble despite that fear it could lead to addiction. why? Because the fear of losing might push them to chase losses, trying to recover every time they lose.

In short, gambling isn’t for the reckless, it’s for those who are smart enough to understand risk management.

This is the trap I fell into many years ago. First, I lost a lot of money, and then I wanted to win it all back, but this led to losses that were incomparable with my income. I had to ask banks for a loan. Do you understand? I went to a bank to borrow money to gamble? Naturally, the reason given was completely different, but this does not change the main point. In the end, I received these funds. And what do you think happened? Of course, this money was also wasted. It was a total failure in my life. Everything went to hell. What happened next? That's a separate story.

It's true. Sometimes gambling is a game of luck. I saw many gamblers who lost their life savings beacose of their  greedy. After that they thought that they can recover their lost but they can't they take loans from bank family. After that at a time they realize what they have done. They don't have any way to get back after that some try to attempt suicide some run from their house. They can't get back into that life they have before started gambling.

[Fivestar4everMVP]

There’s no need to make things harder for ourselves. If we’re afraid of losing money, then we shouldn’t be gambling in the first place. That’s just how gambling works, you win some, you lose some. But if someone still forces themselves to gamble despite that fear it could lead to addiction. why? Because the fear of losing might push them to chase losses, trying to recover every time they lose.

In short, gambling isn’t for the reckless, it’s for those who are smart enough to understand risk management.

This is the trap I fell into many years ago. First, I lost a lot of money, and then I wanted to win it all back, but this led to losses that were incomparable with my income. I had to ask banks for a loan. Do you understand? I went to a bank to borrow money to gamble? Naturally, the reason given was completely different, but this does not change the main point. In the end, I received these funds. And what do you think happened? Of course, this money was also wasted. It was a total failure in my life. Everything went to hell. What happened next? That's a separate story.

Would have loved to know how the story ended up later on for you, but I am guessing it wasn't so good, as I can already imagine it, and some experiences are better left unsaid since saying them can cause us to remember pains that we have long forgotten, and this may lead us to being emotional when we ought to be happy.

Anyways, happy for you that inspite of the challenges you must have gone through, you were able to make it out successfully and today, you can tell the story as one of your bad gambling experiences and lesson for others to learn from as well.

I believe every gambler out there at one point in their life have made one silly mistake that cost them good money and cursed them much pain, I myself is not an exception, but wouldn't want to talk about that at the moment.

[fruktik]

Would have loved to know how the story ended up later on for you, but I am guessing it wasn't so good, as I can already imagine it, and some experiences are better left unsaid since saying them can cause us to remember pains that we have long forgotten, and this may lead us to being emotional when we ought to be happy.

Anyways, happy for you that inspite of the challenges you must have gone through, you were able to make it out successfully and today, you can tell the story as one of your bad gambling experiences and lesson for others to learn from as well.

I believe every gambler out there at one point in their life have made one silly mistake that cost them good money and cursed them much pain, I myself is not an exception, but wouldn't want to talk about that at the moment.

After I lost all my money down to the last penny, a very dark streak in my life began. Yes, and it turned out that I had to quit my job. Can you imagine the situation? I was left completely without a livelihood, absolutely nothing. I had to go through such hell that I would not wish on anyone. On the one hand, I tried to somehow survive, and on the other, I had to deal with collection agencies that were extorting money from me. Threatening calls came in day and night. They said that they would deal with me physically and even kill me if I did not give back the money I borrowed. In addition, I owed not only the banks, but also some acquaintances. That is, I was in debt everywhere and everywhere. Good acquaintances with whom I had communicated for many years turned their backs. Yes, I returned the money, but I lost their trust and respect once and for all. We no longer communicate. My close relatives were also in a state of shock from what I had done with such a prank.

[Yucky]

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?

He wants to eat his cake and have it, unfortunately you cannot eat your cake and have it in anything in this life. He's scared to bet a bigger amount because of the fact that he might lose, which is the nature of gambling, you lose some and you win some. Then he wishes he won bigger when he sees that his small game pulled through. Unfortunately, you just have to take the risk, if you want a big return, you have  close your eyes and bet with a big amount, so that when the profits come, it will be big.

 If you keep complaining about the fear of losing your money and betting with small amounts, then you'll be stuck with small wins, and that's just how it is. when he's ready to see the big wins in gambling, he will use a big amount unless luck shines on him that he uses a small amount to get big win. Now he's not ready, so he had better be contented with a small win and be grateful he even won something.

[danherbias07]

There’s no need to make things harder for ourselves. If we’re afraid of losing money, then we shouldn’t be gambling in the first place. That’s just how gambling works, you win some, you lose some. But if someone still forces themselves to gamble despite that fear it could lead to addiction. why? Because the fear of losing might push them to chase losses, trying to recover every time they lose.

In short, gambling isn’t for the reckless, it’s for those who are smart enough to understand risk management.

This is the trap I fell into many years ago. First, I lost a lot of money, and then I wanted to win it all back, but this led to losses that were incomparable with my income. I had to ask banks for a loan. Do you understand? I went to a bank to borrow money to gamble? Naturally, the reason given was completely different, but this does not change the main point. In the end, I received these funds. And what do you think happened? Of course, this money was also wasted. It was a total failure in my life. Everything went to hell. What happened next? That's a separate story.

Sad story but that's how gambling can be if you played too much. I always check my online money and cash first before I deposit and I think about all the expenses that I will make before I receive my salary again. That's what I do to keep myself disciplined and most of the time I send the online money to my wife so that I will not be able to reach it and use it to deposit again. I just leave some spare so I can still play but once it's all gone then I am done. Right now, I am already on my 4th day not playing any slot game and I am liking the results. I become more productive in both our house chores and my job and there's less stress. I just bet on NBA games and I don't really put high amounts and most of the time I will get ROI.
It is true, if we are too afraid to lose money or we don't have any courage to place a bet then might as well just forget about it because it's going to hurt more if we continue.

[sompitonov]

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?

He wants to eat his cake and have it, unfortunately you cannot eat your cake and have it in anything in this life. He's scared to bet a bigger amount because of the fact that he might lose, which is the nature of gambling, you lose some and you win some. Then he wishes he won bigger when he sees that his small game pulled through. Unfortunately, you just have to take the risk, if you want a big return, you have  close your eyes and bet with a big amount, so that when the profits come, it will be big.

 If you keep complaining about the fear of losing your money and betting with small amounts, then you'll be stuck with small wins, and that's just how it is. when he's ready to see the big wins in gambling, he will use a big amount unless luck shines on him that he uses a small amount to get big win. Now he's not ready, so he had better be contented with a small win and be grateful he even won something.

It's very funny, because his paltry bets are not worth the negative emotions he experienced. I would not use the word "if" in bets because only what we did is important, and many other options can simply be thrown out, because it all remains in fantasies. I have long understood that it is more important to live in reality than in dreams in bets. Nevertheless, the bet size should be such that we are not afraid, otherwise what is all this for? Personally, I am not ready to sleep badly at night and think about bets, but to sleep peacefully, so I will never make a too risky bet. Although I have previously done everything possible, I do not want to repeat this experience anymore.

[jstyler]

I think that's the crux of the problem. people want the thrill of winning but can't stomach the possibility of losing. They want to have their cake and eat it, as you said. But the reality of gambling is that you gotta take calculated risks, and that's what's missing here. it's all about striking a balance between risk and reward, not letting fear hold you back from making a bigger play.

[batang_bitcoin]

-snip-
So, both of you are right with that. We have to face our fear of losing money and to do that, it's easy. Accept that with gambling, it's just a part of it and we'll know and understand how this fear might either develop us or scare more of us.

It's easy to lose but it's hard to forget the losses that ever happened in gambling when you really hoped to win in gambling.

Because of that, I have felt that even though the money I use is only a few dollars, but maybe for some beginners it will be a very bad start.
It's hard to accept defeat and lose everything at the beginning, but if you are used to it and know what to do when you lose, maybe it won't attack you psychologically.

But of course, people who are too afraid of losing will feel a loss when their game fails and does not produce anything, and it also depends on the purpose of gambling whether to make more profits or just as entertainment.

The point there of being accepting with the losses is hard. And that's a fact that no one can skip and even with few dollars that we bet for, if we lose, it's either accept and forget about it or just deal with it in a harder way. That's why those that are saying that a gambler shouldn't fear losing money, these words are easy to say but hard to take. We have all different experiences of losing and that's why some are stamping in our minds that triggers of fearing to lose money.

[bias]

The backbone of the casino industry is greed of the player. So you are being invited with the false confidence that you can win big when in reality you cannot win consistently.

That's true, but there is a difference between winning big at some point and winning constantly. The first is something that can be done, while the other is not. It isn't false confidence but a hope that you can be the big winner and actually, it isn't a lie. You can be a big-time winner but if you are hunting it constantly, you can also be a big-time loser.

[summonerrk]

I think that's the crux of the problem. people want the thrill of winning but can't stomach the possibility of losing. They want to have their cake and eat it, as you said. But the reality of gambling is that you gotta take calculated risks, and that's what's missing here. it's all about striking a balance between risk and reward, not letting fear hold you back from making a bigger play.

There is a saying that a chain is only as weak as its weakest link. The same applies to our vices and bad qualities, if a gambler is impulsive, he can adhere to the principles of self-control as much as he wants, but everyone can have an event of losing self-control. This can be a trigger to completely lose control. Someone may think that here and now it is necessary to make a big bet, but he will simply lose at that moment. You need to be strong and strict with yourself always and constantly.

[bitterguy28]

I think that's the crux of the problem. people want the thrill of winning but can't stomach the possibility of losing. They want to have their cake and eat it, as you said. But the reality of gambling is that you gotta take calculated risks, and that's what's missing here. it's all about striking a balance between risk and reward, not letting fear hold you back from making a bigger play.

in short people really just want the money

they think that gambling is easy money and that they will get lucky and become millionaires just from betting a dollar but that is not true at all and this kind of mindset needs to stop

[Odusko]

There’s no need to make things harder for ourselves. If we’re afraid of losing money, then we shouldn’t be gambling in the first place. That’s just how gambling works, you win some, you lose some. But if someone still forces themselves to gamble despite that fear it could lead to addiction. why? Because the fear of losing might push them to chase losses, trying to recover every time they lose.

In short, gambling isn’t for the reckless, it’s for those who are smart enough to understand risk management.

This is the trap I fell into many years ago. First, I lost a lot of money, and then I wanted to win it all back, but this led to losses that were incomparable with my income. I had to ask banks for a loan. Do you understand? I went to a bank to borrow money to gamble? Naturally, the reason given was completely different, but this does not change the main point. In the end, I received these funds. And what do you think happened? Of course, this money was also wasted. It was a total failure in my life. Everything went to hell. What happened next? That's a separate story.

The fact that we some times become pressured to make some moves to recover from our previous losses will lead us to losses and possible indebtedness at the end of the day, this is the reason why we always advise not to chase after your losses, your move to borrow from the bank to gamble with just to recover from your previous loses is a wrong move and good thing is that you can over cone that now, next time you feels you are gambling in the direction of chasing your loses make use of the limit control approach that way the casino regulate your gambling activities to avoid addiction, top cryptocurrency casinos like stake com have that feature.

[Zigabel]

That's true, but there is a difference between winning big at some point and winning constantly. The first is something that can be done, while the other is not. It isn't false confidence but a hope that you can be the big winner and actually, it isn't a lie. You can be a big-time winner but if you are hunting it constantly, you can also be a big-time loser.

Consistently chasing those big wins could be delusional sometimes and it will take a brilliant mind to understand and curate a pattern or a strategy with which they can achieve the consistency in winning often gambling. You need discipline else you will just keep waiting and hoping on winning one big win some day which may eventually never come to pass.

[Jody.Drummer]

That's true, but there is a difference between winning big at some point and winning constantly. The first is something that can be done, while the other is not. It isn't false confidence but a hope that you can be the big winner and actually, it isn't a lie. You can be a big-time winner but if you are hunting it constantly, you can also be a big-time loser.

Consistently chasing those big wins could be delusional sometimes and it will take a brilliant mind to understand and curate a pattern or a strategy with which they can achieve the consistency in winning often gambling. You need discipline else you will just keep waiting and hoping on winning one big win some day which may eventually never come to pass.

Big wins are not a lie, but the question is what kind of luck does it take to get a big win like that? And will it come after we have spent a lot of money and experienced continuous losses so that there is nothing left to bet on. I think we have to be realistic about it, I mean luck comes without knowing and we also don't know if we will be that lucky or not. So rather than hoping for something that is uncertain, it is better for us to limit our gambling so that it is not excessive.

[KTChampions]

The backbone of the casino industry is greed of the player. So you are being invited with the false confidence that you can win big when in reality you cannot win consistently.

That's true, but there is a difference between winning big at some point and winning constantly. The first is something that can be done, while the other is not. It isn't false confidence but a hope that you can be the big winner and actually, it isn't a lie. You can be a big-time winner but if you are hunting it constantly, you can also be a big-time loser.

In many cases (such as buying a lottery ticket), people are happy to pay just for the feeling that they have a chance to win big. Here casinos and players find each other and cooperate mutually beneficially. And by the way, this is a good deal from the player's side, if we continue with the lottery example, the ticket price is sheer nonsense compared to the potential winnings.

[Frankolala]

The backbone of the casino industry is greed of the player. So you are being invited with the false confidence that you can win big when in reality you cannot win consistently.

That's true, but there is a difference between winning big at some point and winning constantly. The first is something that can be done, while the other is not. It isn't false confidence but a hope that you can be the big winner and actually, it isn't a lie. You can be a big-time winner but if you are hunting it constantly, you can also be a big-time loser.

In many cases (such as buying a lottery ticket), people are happy to pay just for the feeling that they have a chance to win big. Here casinos and players find each other and cooperate mutually beneficially. And by the way, this is a good deal from the player's side, if we continue with the lottery example, the ticket price is sheer nonsense compared to the potential winnings.

Most lotteries are run by the state government and it makes it easy for anyone to buy this lottery ticket anywhere accessible and hit it big. Unlike casinos that their profits depends on the number of players and how much they use to gamble in the casino. Everything in gambling boils down to luck, because if you are lucky, you will hit the jackpot. You need to allow that happen naturally, because you can't force it.

[Dewi Aries]

Fear of losing money in gambling is a loser's mentality, the reason is clear because after all from the start it is clear that gambling is about two things, namely winning and losing where winning is nothing more than a chance and losing is part of the game, meaning that rationally it is clear that gambling is a risky activity and that has been stated from the start, on the other hand if for example you are afraid of losing money in gambling then it can be interpreted that gambling is not something that is right for you.

So in my opinion this depends more on your choice, in the sense that if for example you are afraid of losing money then never get involved in this activity in the sense that don't put your hopes on winning because after all if for example you want to win then you have no choice but to dare to risk money which among them there is a possibility for you to experience defeat.