Fear of losing money to gambling

[Mpamaegbu]

I think that losing money in gambling is something that should not exist...

I'm at a loss as to what you meant to say there by that sentence or do we take it that there was something you omitted there?

gambling is risky, when making an attempt to gamble one should be ready to take only the risk they can bear, this a responsible way to go about gambling.

Bettors know this and that's why most of us place such miserable bets that even get some angry whenever they win instead of rejoicing as the wins are in most cases small. It's a similar situation OP shared here. Again, I think the mindset of most gamblers is that they're going to lose more often than they will win and that informs the insignificant bets in most cases.

[finaleshot2016]

...

If you're afraid to lose money, then don't gamble, very simple. It's risk for reward. You bet little, you get little. If you're too intimidated to bet huge, then don't grumble when the prizes are insignificant.

He should just be okay with the fact that he played it safe and leave it alone like moon or dust.

Either bet big and risk it or do something else where you don't have to worry about it. It's like wanting to win a jackpot but only inserting pocket change, it really doesn't make sense IMO. At the end of the day, nobody made him bet small, so being upset over a win is just strange, the problem is himself.

[DiMarxist]

Just like you said when you Fear of losing money to gambling then the best idea is to not gamble at all i mean seriously if you try gamble at first time and then you win lot of money it can lead into addiction if you can control it. and could be worsened if you addiction is fuel your mind.

I have a cousin that really addicted to gamble and he just divorced because of it, he taking loan to his father in law and other person till hit couple of million IDR and cant make it back.

If you do gamble for fun and don't care if you losing the money then go ahead

Exactly, why must a gambler be afraid of losing money. He is not qualified to be a gambler if he is afraid of losing. A gambler must have a thick skin to over losses. Though every gambler has one kind of shock when playing gamble. And that shock is God let me win this game and if he didn't win, he will have that sober mode all over him.
Gambling is either you lose or you win. These are the two elements of gambling and there is no feature or factor that it is only on the winning side. And as it is said by many commenters, if the gambler is afraid to gamble then it is better he is away from gambling so that that losephobia will stay away from him as well.

[GIF-JOBS]

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If you're afraid to lose money, then don't gamble, very simple. It's risk for reward. You bet little, you get little. If you're too intimidated to bet huge, then don't grumble when the prizes are insignificant.

He should just be okay with the fact that he played it safe and leave it alone like moon or dust.

Either bet big and risk it or do something else where you don't have to worry about it. It's like wanting to win a jackpot but only inserting pocket change, it really doesn't make sense IMO. At the end of the day, nobody made him bet small, so being upset over a win is just strange, the problem is himself.

Small bets, small losses or small wins, big bets, big losses or big wins. But remember, after you get 1 big win, you are going to lose 10 more bets. The bigger the bet, the higher the risk, the higher the odds, and the higher the "win" if you win, but the higher the chance of losing. So it is clear that if you want big prizes, you have to take big risks. But they are never safe, because this type of activity can make you addicted, so it is very important to be careful. No one forced you to bet, So if a gambler loses everything and becomes destitute, then the only one responsible for it is, only that gambler.

[Dewi Aries]

I think it is clear that rationally a gambler should not be afraid of losing money in gambling because from the beginning it is clear that gambling is a risky activity where the outcome is either win or lose and there is no indication at the beginning of the game that you will win or lose at the end of the game and that is why we are often advised to only bet small amounts which is beneficial so that we do not lose too much money when we are far from lucky.

On the other hand, fear of losing money in gambling in my opinion is a loser's mentality, there is no defense or exception to that stigma, and when you are in that situation then the choice may be two, namely between improving your approach to be more minimal so as not to lose too much money or quitting gambling altogether.

[Zadicar]

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If you're afraid to lose money, then don't gamble, very simple. It's risk for reward. You bet little, you get little. If you're too intimidated to bet huge, then don't grumble when the prizes are insignificant.

He should just be okay with the fact that he played it safe and leave it alone like moon or dust.

Either bet big and risk it or do something else where you don't have to worry about it. It's like wanting to win a jackpot but only inserting pocket change, it really doesn't make sense IMO. At the end of the day, nobody made him bet small, so being upset over a win is just strange, the problem is himself.

Yes, its a simple logic on which its not really that hard to understand and realize on which if you dont really like on losing money then its just right that you should be that stopping or wont really be dealing up with gambling in the first place. Fear is normal because people do really love money and we dont really like on losing money and thats why its really that just recommended that you would really be only spending on the amount on which you can afford to lose. When we do talk about spending up then it will really be that just that best that you should be making up that spending into something which is more worth rather than on spending into gambling on which it is really just that for fun and entertainment. Usually people do make out some realization but on the moment that they are experiencing some hard situation but if not then you wouldnt really be caring at all.

[Promocodeudo]

That person is an ungrateful gambler.
Whatever they put in gamble depends their outcome so, why must he be angry at himself for winning that little amount knowing too well that his input were very minimal. When gambling it's better to gamble with what we can afford to lose than gambling with the amount that is too higher for us lose, okay had he asked himself if he stake with huge amount and happened to lose the bet would he be still angry at himself again?

No! Because at then he could have been thinking about the huge amount he lost, and will not be happy at himself again, so it's better to use small amounts to gamble and win as well than using huge amount and lose all. Before we go into gambling it's advisable to always have an open heart to accept any loss that we may incur at the process of gambling as gambling is not a bed of roses.

The problem with some gamblers is not only about being ungrateful is mainly greed and I think that's has been the downfall of many gamblers that do not understand that gambling has a way it works, for us to gamble without regretting we have to consider following the concepts of gambling which is gambling with the amount you can let go if any funny thing happens in the process, another thing in gambling is that even though you'll win, you can't win more than your potential winning which is been determined by the amount you use in staking the game times the odd involved, I think some people should be guilded on this.
First of, one being angry at oneself is a sign of indecision and lack of confidence, if he was sure that he would've win the bet, why did he consider using a small amount to gamble, this is a sign that some people have not been taught a lesson of their life yet in gambling.
I think is high time individuals go into gambling having in mind that winning is not assured.

[I_Anime]

That person is an ungrateful gambler.
Whatever they put in gamble depends their outcome so, why must he be angry at himself for winning that little amount knowing too well that his input were very minimal. When gambling it's better to gamble with what we can afford to lose than gambling with the amount that is too higher for us lose, okay had he asked himself if he stake with huge amount and happened to lose the bet would he be still angry at himself again?

No! Because at then he could have been thinking about the huge amount he lost, and will not be happy at himself again, so it's better to use small amounts to gamble and win as well than using huge amount and lose all. Before we go into gambling it's advisable to always have an open heart to accept any loss that we may incur at the process of gambling as gambling is not a bed of roses.

The problem with some gamblers is not only about being ungrateful is mainly greed and I think that's has been the downfall of many gamblers that do not understand that gambling has a way it works, for us to gamble without regretting we have to consider following the concepts of gambling which is gambling with the amount you can let go if any funny thing happens in the process, another thing in gambling is that even though you'll win, you can't win more than your potential winning which is been determined by the amount you use in staking the game times the odd involved, I think some people should be guilded on this.
First of, one being angry at oneself is a sign of indecision and lack of confidence, if he was sure that he would've win the bet, why did he consider using a small amount to gamble, this is a sign that some people have not been taught a lesson of their life yet in gambling.
I think is high time individuals go into gambling having in mind that winning is not assured.

This is another way gambling and trading are related, they both are good with triggering of emotions especially when losing ( even winning ). There’s this greed inside of wanting more or wanting to get that you have loss , which is funny because there’s still chances of you making things worse by losing more till you no longer have any cash to keep it going , everything all about having a good self control , without that you will only endup messing yourself up.

[Numeral]

I think it is clear that rationally a gambler should not be afraid of losing money in gambling because from the beginning it is clear that gambling is a risky activity where the outcome is either win or lose and there is no indication at the beginning of the game that you will win or lose at the end of the game and that is why we are often advised to only bet small amounts which is beneficial so that we do not lose too much money when we are far from lucky.

On the other hand, fear of losing money in gambling in my opinion is a loser's mentality, there is no defense or exception to that stigma, and when you are in that situation then the choice may be two, namely between improving your approach to be more minimal so as not to lose too much money or quitting gambling altogether.

A rational point of view is a good thing, but only not all casino users keep it in mind, otherwise there wouldn't be so many disappointments and discussions like this one. Fears in our lives in general very often override any rationality. Under the influence of fears, people often get an unsatisfactory result for themselves, but as for the fear of losing money, such a fear is a fear of self-preservation. These are the kind of fears that can benefit an over-gambler.

[o48o]

Most folks do go all out in gambling when they are frustrated most times , due to some certain losses and the mindset of always trying to get back their losses back by gambling or staking huge amounts of money that’s why gambling is not for the weak as folks usually say because if you don’t have good self control you only messed yourself up .

I wouldn't go as far as saying "most people", because i don't think there's any data on that. And i don't even know if it's possible to get accurate data from that, because being "frustrated" is a spectrum.

And i am not sure what's your definition is for the weak, as it sounds like the man from this story wasn't the weak one. He had self control not to put too much money in, even if he regret the bet later on. Regret of missing out is quite normal, but it only happens when you wouldn't have lost the initial bet. And no one would know that beforehand.

[blockman]

I think I get what you mean, Dewi. It's like, why would someone be unhappy about winning a small amount when they could've won a lot more? I mean, I've seen people get so attached to the idea of winning big that they forget the whole point of gambling is to have fun and take a chance. And yeah, the fear of losing is a real thing, but it's weird when it starts to outweigh the potential reward. Maybe it's just human nature to crave more, but at the same time, isn't that just a form of irrationality? Like, why not just bet responsibly and enjoy the ride, rather than getting all worked up about the outcome?

It really is human nature to be greedier when the money is already in front of us. We tend to ask for more and even we're already satisfied, our minds tell us to get and try for more and dissastisfying the feeling that we're having. It's no longer about chances and having fun, it's all about the mind telling us that this isn't enough and we need to take care of ourselves if ever we win more because whatever we've got is not going to be enough. But in the end, we all lose our money and that's why if from the very start, there is already the fear of losing money as what they tell and we shouldn't gamble at all but no, we're not like that.

[Proty]

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?

Gambling is a game of risk and anyone who is not capable of taking risk is not to be a good gambler because as a gambler your ability to take risk really matters a lot. Not only in gambling is risk taking important and i don't see the possibility of winning something when there is nothing to lose or of losing when there is nothing to win. So if someone is afraid of losing money them the person is not a gambler, because gamblers are know for taking risk. Sometimes as a result of not being able to take a good risk, you will notice gamblers complaining for using a low amount of money to place a bet so when the game turn out to play all, it will now become a thing of had I know.

[Hispo]

Most folks do go all out in gambling when they are frustrated most times , due to some certain losses and the mindset of always trying to get back their losses back by gambling or staking huge amounts of money that’s why gambling is not for the weak as folks usually say because if you don’t have good self control you only messed yourself up .

I wouldn't go as far as saying "most people", because i don't think there's any data on that. And i don't even know if it's possible to get accurate data from that, because being "frustrated" is a spectrum.

Frustration is an spectrum that is true, but it would be safe to say many people who spend a considerable time of their life in gambling will face frustration at some point of their journey, because losses are inevitable when one goes into gambling in the long term. 
One does not need accurate data on people and their feelings of frustration to realize the mixture of expectation and gambling will always end up with frustration and bad feelings, against the casino and oneself (for losing whatever amount of money).

I have found myself to feel frustrated during some gambling sessions and I am sure it has also been your case.

[jossiel]

On the other hand, fear of losing money in gambling in my opinion is a loser's mentality, there is no defense or exception to that stigma, and when you are in that situation then the choice may be two, namely between improving your approach to be more minimal so as not to lose too much money or quitting gambling altogether.

Everyone is having that.

So, we're all losers because we don't want to lose money but we still gamble, right? But you're right that with that mentality, it's a loser's.

Because can't accept that fact that what you do for yourself when you gamble isn't going to change at all by the time you've already made a bet.

[Hirose UK]

Most folks do go all out in gambling when they are frustrated most times , due to some certain losses and the mindset of always trying to get back their losses back by gambling or staking huge amounts of money that’s why gambling is not for the weak as folks usually say because if you don’t have good self control you only messed yourself up .

I wouldn't go as far as saying "most people", because i don't think there's any data on that. And i don't even know if it's possible to get accurate data from that, because being "frustrated" is a spectrum.

Frustration is an spectrum that is true, but it would be safe to say many people who spend a considerable time of their life in gambling will face frustration at some point of their journey, because losses are inevitable when one goes into gambling in the long term. 
One does not need accurate data on people and their feelings of frustration to realize the mixture of expectation and gambling will always end up with frustration and bad feelings, against the casino and oneself (for losing whatever amount of money).

I have found myself to feel frustrated during some gambling sessions and I am sure it has also been your case.

But when someone experiences frustration and can stop it is good because they will be able to stop what has made them lose lot of money, it just that people who feel frustrated eventually also remain in the gambling environment, they bet again and deposit money again even though they know that previously they had lost lot of money that they felt.
Moreover, not everyone who has known gambling for long time will be able to realize and follow up on what to do when in certain conditions, humans always have unstable mindsets and feelings.

[nullama]

~snip~
Everyone is having that.

So, we're all losers because we don't want to lose money but we still gamble, right? But you're right that with that mentality, it's a loser's.

Because can't accept that fact that what you do for yourself when you gamble isn't going to change at all by the time you've already made a bet.

Of course, most people would not want to lose their money gambling.

Yet, in many occasions, people continue to do exactly that. They keep playing, knowing very well they are going to lose.

That's because gambling at casinos gives you a disadvantage, the house has better odds than the gambler. So, in the long term, the house always wins.

[o48o]

Frustration is an spectrum that is true, but it would be safe to say many people who spend a considerable time of their life in gambling will face frustration at some point of their journey, because losses are inevitable when one goes into gambling in the long term.  
One does not need accurate data on people and their feelings of frustration to realize the mixture of expectation and gambling will always end up with frustration and bad feelings, against the casino and oneself (for losing whatever amount of money).

I have found myself to feel frustrated during some gambling sessions and I am sure it has also been your case.

Sure, and i have made my share of mistakes and hopefully learned from some of them as well.

But just because some people have more intense feelings, it doesn't mean they would act on their feelings. People have different ways to handle their frustration just like other feelings. And not everyone (and i am guessing not even majority) is going all in or doing anything stupid just because of frustration. They might WANT to, but that's a whole different scenario.

And this goes especially for those you mentioned that "spend a considerable time of their life in gambling". Because they have a huge financial motive to learn to cool themselves down rather then acting impulsive.

[mirakal]

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If you're afraid to lose money, then don't gamble, very simple. It's risk for reward. You bet little, you get little. If you're too intimidated to bet huge, then don't grumble when the prizes are insignificant.

He should just be okay with the fact that he played it safe and leave it alone like moon or dust.

Either bet big and risk it or do something else where you don't have to worry about it. It's like wanting to win a jackpot but only inserting pocket change, it really doesn't make sense IMO. At the end of the day, nobody made him bet small, so being upset over a win is just strange, the problem is himself.

Gambling is mostly accompanied by losses more than wins. So if you decide to gamble, then prepare to lose because that’s what makes easier to accept gambling outcomes. Or just don’t expect that you will win in every bet, that way you will enjoy more gambling with your money rather than just seeing gambling as a get rich quick wherein you have to win more and lose less. Unfortunately, that’s not how gambling is all about.

[Odusko]

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.

I used to be greedy to bet high amounts in the past when I could vet up to $150 to $200 because I thought I could win the same way I win when I use a smaller amount, this has made me lose constantly although I use to win a few times as time goes on I began to discover and prefer my Peace of mind over anything else and since I want just to enjoy and have fun with my betting I choose to use Small amount at around $5 or highest $10 on days that I want to bet on multiple bets selection no more than two games.

[Alex077]

Just like you said when you Fear of losing money to gambling then the best idea is to not gamble at all i mean seriously if you try gamble at first time and then you win lot of money it can lead into addiction if you can control it. and could be worsened if you addiction is fuel your mind.

Exactly, why must a gambler be afraid of losing money. He is not qualified to be a gambler if he is afraid of losing. A gambler must have a thick skin to over losses....

  Yes, absolutely right, the gambler should not be afraid to lose, otherwise fear will prevent him from making the right decision. In this case, it is probably better to start with an amount that he will not be afraid to lose. When decisions are made without emotions and fear of losing money, then the winnings will come. Everyone has their own acceptable limits where fear and anxiety begin, but of course, it should not be $ 0.7 ...)