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Author Topic: confidence is a dangerous thing  (Read 1323 times)
Makus
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March 30, 2025, 08:47:17 PM
 #141

i have been making predictions about this one sport but not really turning my predictions into bets officially meaning i have yet to actually put money on where my mouth is

anyway in this sport i have been following, i have made two claims that ended up being true i wouldn't say that it is straightforward so even i am surprised with how accurate my predictions were when my basis were honestly a lot of optimism and trust to the athletes to be motivated enough to perform well after previous horrible results

anyway because my predictions have been correct i now feel drunk in power and i feel like i could get another prediction right for the next sporting event i am considering whether i should try and officially bet on it? am i actually good at analyzing things or have i just been lucky?


There are some scenarios where we learn better the hard the way, if you keep getting advise from people to tell you what to do, you may end up not deeming the advice as valuable. I believe  in personal experience too much words will only limit you to a certain amout of knowledge.  If you probably  place the trade to the way you feel comfortable with and end up losing it, then you'll  discover  for yourself that gamble is a game of luck, and we can't be luck all the time. But if the harken to advise from others, there is a possibility that you can make a wrong decision at the right time and possible with a huge amount because you've already conceived in your mind that it's easy  to money from gamble.

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serjent05
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March 30, 2025, 08:54:33 PM
 #142

anyway because my predictions have been correct i now feel drunk in power and i feel like i could get another prediction right for the next sporting event i am considering whether i should try and officially bet on it? am i actually good at analyzing things or have i just been lucky?

Having confidence is fine but overconfidence is the problem.  You can try to bet with your sound predictions but always remember that predictions is not 100% foolproof since no one can guess what will happen in the future at a 100% accuracy.

Please do note that the reason behind the word prediction simply means guessing the possible outcome of something and thus speak for itself that it may not be a 100% correct.  If you have the confidence on your quality of prediction, why not put your money into it.  Whether you are actually good at analyzing things or just lucky can be answered by you alone since we have no idea how knowledgeable you are when it comes to predicting the outcome of certain sports.

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March 30, 2025, 09:10:09 PM
 #143

Well, I start from something: if we have confidence, things will turn out better for us , Considering that there are sports bets, and even with our confidence  , if we lose, it's something we must accept with humility and that's it , There's nothing worse than indecision and lack of confidence, because it will never bring good things.

I think that when you, as a person, know what you're facing, confidence will get you out of a bad situation faster, whether it's in casinos or even sports betting.

You’re right, confidence plays a role while betting either analyzing bet meanwhile excess confidence might lead to heart break if the person is emotional. It’s advised gamblers bet with what’s available and if anything happens afterward they intend to stay comfortable, I know it sounds crazy trying to stay comfortable after losing a bet yet gambling with little amount makes gambling easy and stress free. Confidence is good but, in terms of gambling activity confidence is never guarantee and we all know gamblers will go extra miles achieving whatever they want when betting, confidence is not a criteria.

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March 30, 2025, 09:15:34 PM
 #144

Confidence is a good thing. Lack of prudence is dangerous. Don't do anything you don't feel confident about doing, and accept the outcome, whatever it may be. After all, you need to believe in your predictions, otherwise, why take the risk?

Confidence in this aspect is okay but when we are talking about the context of the topic we are referring to how comfortable gamblers are with the bets they make forgetting that gambling is a 50/50 thing, you can either win big or lose a big amount. It's good to be sure of any bet you place but don't allow your confidence to affect your financial decisions, some people get too sure of their bets and most times they end up staking a huge amount of money and losing it. Don't be too sure of any bet, don't stake above your limit. No matter how sure it might look maintain your stake.

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March 30, 2025, 09:17:05 PM
 #145

As a rule, problematic bettors are people who truly love sports and have been brought up since childhood to be those who must follow their convictions and aspirations to the end.
Also there are even girls like that. For example, I know one who has problems with betting, but she trusts that she will win and does not give up. This is the so-called champion spirit, but unfortunately, bookmakers are well aware of this weakness. This type of people take advantage of it.

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March 30, 2025, 09:25:09 PM
 #146

There are days when our confidence has worked perfectly for us, and there are days when circumstances beyond our control make us lose, even with our high level of confidence. Every gambler still needs some level of confidence. We should also not confuse our own personal biases with confidence, as this could be another reason why we fail

Without some level of assurance which happens because you are confident, you can not even submit your bets because you will be doubting yourself. The circumstances beyond our control can be the reason we lose or win depending on what our bet was. At times I do not follow my confidence but go the opposite direction and it works for me. Confidence is both good and bad and it also depends on how we are making use of the confidence. For when we are playing sport betting, if you are not confident in the clubs that you are choosing to win then how then do you want to game to play in your favour. Being confident for sport games and casino games are different because your confidence I'm casino games is not going to change anything.

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March 30, 2025, 09:39:42 PM
 #147

As a rule, problematic bettors are people who truly love sports and have been brought up since childhood to be those who must follow their convictions and aspirations to the end.
Also there are even girls like that. For example, I know one who has problems with betting, but she trusts that she will win and does not give up. This is the so-called champion spirit, but unfortunately, bookmakers are well aware of this weakness. This type of people take advantage of it.
It is good to have the champion spirit in gambling and to also think big but this shouldn't affect the money that is being used in gambling. It is believe when one think positively it is very easy to achieve the thogs that you want but being positively should jot let one to invest so much money that can't be afford,  thinking being positively will surely double up the money. Gambling is very unpredicted and od needs to be very mindful with amount that is used to gamble.  Having the mind of a champion is not a guarantee that if one use a big amount of money it will lead to winning big amount of money.

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March 30, 2025, 09:54:07 PM
 #148


anyway in this sport i have been following, i have made two claims that ended up being true i wouldn't say that it is straightforward so even i am surprised with how accurate my predictions were when my basis were honestly a lot of optimism and trust to the athletes to be motivated enough to perform well after previous horrible results


Let us say that your prediction is right, but never think it will always happen. Honestly, you are just so lucky this time, but don't get too confident that your next bet will be as lucky as before. Well, in sports betting, we can think that winning is easy because we can analyze the team's performance. But we can't set aside the situation that we still need luck to win. Many gamblers win big in sports betting, but we can't deny that many lose due to their confidence. And my message to you, mate, is congratulations, but don't live in an overly confident manner.
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March 30, 2025, 09:58:59 PM
 #149

anyway because my predictions have been correct i now feel drunk in power and i feel like i could get another prediction right for the next sporting event i am considering whether i should try and officially bet on it? am i actually good at analyzing things or have i just been lucky?
I don't seem to understand you clearly but if you have been making your predictions in the sport game which you didn't mention, and you have not yet make any bet with your real money yet. IMO two things are involve already. Which is, you might be good at it or you might be lucky on your predictions. But you shouldn't feel too excited to wager what you can not afford to lose on the game any time you are ready to stake your money on it.
Making predictions and the predictions happening based on how you predict sometimes can make the person feel like they have some kind of superpowers to get gambling scores right, and I agree with you that the OP should not allow that to get to him where he can make the decision of using a larger amount of money to gamble based on the type of confidence that he might have in himself, as the result of the game might end up not coming out like they predicted, as luck might not be on his side that day.

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March 30, 2025, 10:03:38 PM
 #150

Well, I start from something: if we have confidence, things will turn out better for us , Considering that there are sports bets, and even with our confidence  , if we lose, it's something we must accept with humility and that's it , There's nothing worse than indecision and lack of confidence, because it will never bring good things.

I think that when you, as a person, know what you're facing, confidence will get you out of a bad situation faster, whether it's in casinos or even sports betting.

You’re right, confidence plays a role while betting either analyzing bet meanwhile excess confidence might lead to heart break if the person is emotional. It’s advised gamblers bet with what’s available and if anything happens afterward they intend to stay comfortable, I know it sounds crazy trying to stay comfortable after losing a bet yet gambling with little amount makes gambling easy and stress free. Confidence is good but, in terms of gambling activity confidence is never guarantee and we all know gamblers will go extra miles achieving whatever they want when betting, confidence is not a criteria.
Agreed. Confidence is not guaranteed because being confident can lead to heartaches like you stated and if you become confident about the games you predict it makes you wagers more than you can afford to lose. And to be specific, it's not advisable to wager with what you can not afford to lose because winning is not guaranteed, a gamblers win their bets based on how lucky they are.

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March 30, 2025, 10:05:47 PM
 #151

am i actually good at analyzing things or have i just been lucky?

Well, if you know you can trust your predictions to some extent I'll advice you try them starting with very little risk. Don't place much money on them yet till you verify that you got the skill you are assuming. But then, you should also be aware that it's all about being lucky when you are predicting.dont expect every round of your bets to be same as the last. If you have such mindset you may easily get upset and try to gamble without a plan on how to manage your risk and a avoid losing too much.

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March 30, 2025, 10:14:38 PM
 #152

am i actually good at analyzing things or have i just been lucky?

Well, if you know you can trust your predictions to some extent I'll advice you try them starting with very little risk. Don't place much money on them yet till you verify that you got the skill you are assuming. But then, you should also be aware that it's all about being lucky when you are predicting.dont expect every round of your bets to be same as the last. If you have such mindset you may easily get upset and try to gamble without a plan on how to manage your risk and a avoid losing too much.
At least if he feels that he has developed a strategy then he should not gamble with more than 5% of the total available funds that he set out to gamble with, because if he already made some positive progress in previous bets, it shows the possibility of having a potential future in that format and he should avoid overconfidence but at the same time not giving up on the newfound development putting it to test is what make it a strategy and to do that rightly he needs to do that with a small amount of money.

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March 30, 2025, 10:28:20 PM
 #153

i have been making predictions about this one sport but not really turning my predictions into bets officially meaning i have yet to actually put money on where my mouth is
anyway in this sport i have been following, i have made two claims that ended up being true i wouldn't say that it is straightforward so even i am surprised with how accurate my predictions were when my basis were honestly a lot of optimism and trust to the athletes to be motivated enough to perform well after previous horrible results
anyway because my predictions have been correct i now feel drunk in power and i feel like i could get another prediction right for the next sporting event i am considering whether i should try and officially bet on it? am i actually good at analyzing things or have i just been lucky?
I think it's good to have confidence, but it's definitely not good to have overconfidence.
So I think you should act strategically, like first of all, before you start gambling, you should set loss and win limits, if you touch them, you should take a break from gambling for that day or for that period. The attitude here should not be that if you win one bet, you will win all your bets.
I think that from this kind of overconfidence, at least profit can never be achieved because gambling depends entirely on luck. Here, analysis can be useful, but if we forget that it depends on luck, then analysis skills will definitely not be useful to us.

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March 30, 2025, 11:59:07 PM
 #154

Confidence in this aspect is okay but when we are talking about the context of the topic we are referring to how comfortable gamblers are with the bets they make forgetting that gambling is a 50/50 thing, you can either win big or lose a big amount. It's good to be sure of any bet you place but don't allow your confidence to affect your financial decisions, some people get too sure of their bets and most times they end up staking a huge amount of money and losing it. Don't be too sure of any bet, don't stake above your limit. No matter how sure it might look maintain your stake.
That's technically what this is all about.
I never consider confidence to be a bad thing because if a gambler doesn't trust his/herself, who will trust the gambler. The lack of understanding of the major gambling concept is what leads to over-confidence in some gamblers when the concept of gambling is to always favor the house.
This is why I always say gambling is not for everyone, because only those who understand the concept of gambling and also accept the concept are those who are worth gambling.

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March 31, 2025, 02:04:35 AM
 #155

When it comes to gambling I always assume people are messing around and trying to have some fun when they seem confident about winning. The odds are against you so it is a bit of a fool’s errand to feel like you are going to win. I’m sure it happens, but to me at least when I see it, I just think it’s someone having fun.

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March 31, 2025, 02:49:10 AM
 #156

i have been making predictions about this one sport but not really turning my predictions into bets officially meaning i have yet to actually put money on where my mouth is

anyway in this sport i have been following, i have made two claims that ended up being true i wouldn't say that it is straightforward so even i am surprised with how accurate my predictions were when my basis were honestly a lot of optimism and trust to the athletes to be motivated enough to perform well after previous horrible results

anyway because my predictions have been correct i now feel drunk in power and i feel like i could get another prediction right for the next sporting event i am considering whether i should try and officially bet on it? am i actually good at analyzing things or have i just been lucky?

Maybe you have the skills to predict the game accurately in that match, but if in the next match you want to try to place a bet, then my advice is not to be too confident and place a large bet because it is possible that in your next prediction the results will not be as you expected, indeed sometimes we always assume that we are able to predict sports matches well but in reality after placing a bet our predictions do not apply in betting.

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March 31, 2025, 05:38:59 AM
 #157

Well, if you know you can trust your predictions to some extent I'll advice you try them starting with very little risk. Don't place much money on them yet till you verify that you got the skill you are assuming. But then, you should also be aware that it's all about being lucky when you are predicting.dont expect every round of your bets to be same as the last. If you have such mindset you may easily get upset and try to gamble without a plan on how to manage your risk and a avoid losing too much.
If you have the skill to analyze well, then it's time to apply it in practice. But it seems to me that not everything is so simple and there are some "pitfalls" that will one day put all these prejudices in their place.

Well, I don't really believe that you can come up with a strategy that will work in gambling and betting. All these are tricks and nothing more. That is, in this way a new audience is involved in the game process.

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March 31, 2025, 06:06:20 AM
 #158


anyway because my predictions have been correct i now feel drunk in power and i feel like i could get another prediction right for the next sporting event i am considering whether i should try and officially bet on it? am i actually good at analyzing things or have i just been lucky?

I think that it is quite ok to be confident about the games that you are about to bet on but don't be overconfident to use the amount that you cannot afford to loose, your level of confidence don't matter as much as the amount that you are willing to risk. From my experience and my observation of other bettors I know that with all your confidence about the analysis that you made you can still lose your bet and that means that luck determines wins more than confidence. I have seen and heard about many people that gambled with a huge amount of money and later lost everything, and I know that it could only be overconfidence that can make them to place such bets.

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March 31, 2025, 06:45:31 AM
 #159


anyway in this sport i have been following, i have made two claims that ended up being true i wouldn't say that it is straightforward so even i am surprised with how accurate my predictions were when my basis were honestly a lot of optimism and trust to the athletes to be motivated enough to perform well after previous horrible results


Let us say that your prediction is right, but never think it will always happen. Honestly, you are just so lucky this time, but don't get too confident that your next bet will be as lucky as before. Well, in sports betting, we can think that winning is easy because we can analyze the team's performance. But we can't set aside the situation that we still need luck to win. Many gamblers win big in sports betting, but we can't deny that many lose due to their confidence. And my message to you, mate, is congratulations, but don't live in an overly confident manner.
Let’s be straightforward, with gambling whether its casino games or sports betting, confidence will only lead you to anticipated losses. Why? Because no matter how lucky or skilled you are, the fact that you can’t still predict accurately what will be the final outcome, then most likely losing will be the end game.

Just don’t be too much confident and get carried away by your emotions, you will only lose that way. Bet only on what you can afford to lose, and bet where there is high probability of winning, that way you are betting based on a real gambler’s point of view.

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March 31, 2025, 06:52:29 AM
 #160

When it comes to gambling I always assume people are messing around and trying to have some fun when they seem confident about winning. The odds are against you so it is a bit of a fool’s errand to feel like you are going to win. I’m sure it happens, but to me at least when I see it, I just think it’s someone having fun.
But the truth is, someone might not be having fun anymore. I think I've played enough slots for a long time, and I can say I got sick of the repeated results. A different multiplier will only come once in like 5000 - 10000 bets in slots and maybe even worse. I've heard some gamblers say I am lucky that I already received a max multiplier while they haven't in their whole time of playing different slot games, even though they are now a high-ranked VIP player.
Truly, confidence can sometimes cause our own chaos because we think we are going to win somehow with all the bets that we make. But it doesn't always end that way, and it could actually cost us a lot of money first.

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