confidence is a dangerous thing

[Byebyebtc]

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?

That is how it always looks like at first until you start using real money to bet, its called force of attraction lol. but do not be decieved by feew predictions you got right even an AI depends on luck to get a winning bet, So i think your just passing through a phase in the journey dont be carried away by some feew accurate bets, when your fully into betting you will understand that a higher prcentage depends on luck, its a game any thing can happen in a game.
 So ill advice you or any other person in your position not to be too confidence when it comes to bettng, yes confidence also plays a big role in the game but over confidence can ruin a lot aswell.

[Frankolala]

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.

Over confidence leads to unnecessary losses because that will make you stake with high amount of money to win big. Over confidence brings in greed, because you will feel that's the best time for you to win back all your losses with just one bet. Gambling is not a skill that you will have the confidence in yourself because you are a professional. Gambling is based on luck and no one can control his/her luck.

[davis196]

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?

"Confidence is dangerous"? OP, your forum thread title seems misleading and "clickbaity". I thought that you are a hardcore gambler, who made a huge mistake because of his confidence. It turns out that you are actually afraid to make a bet on your predictions. Do you really consider yourself confident? It seems that you are everything else but confident. It seems to me that you are overthinking too much. It doesn't hurt to make a small bet on your predictions. If you win, that's great, if you lose, no big deal. You didn't bet your house and your life savings after all. Why you mind sharing with us the sport, were you made successful predictions?

[madnessteat]

I don't understand why OP is asking this. If a person makes a prediction publicly and bets on it, he should be ready not only to lose money, but also to negative statements in his direction and loss of reputation in case of a mistake. If he is not ready for this, he simply does not need to publicize his actions. In my opinion such questions look very silly. It is about the same as asking strangers on a forum whether he should marry this or that girl.

[Reatim]

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?

"Confidence is dangerous"? OP, your forum thread title seems misleading and "clickbaity". I thought that you are a hardcore gambler, who made a huge mistake because of his confidence. It turns out that you are actually afraid to make a bet on your predictions. Do you really consider yourself confident?

i was until i thought better of it i am saying that confidence could be a dangerous thing if we don’t reel it in i was thinking like from now on every prediction i make might have a good chance of becoming true but of course realistically i know this isn’t possible but confidence from previous predictions may lead you to thinking that and i know i am not the only person that ends up thinking like this

confidence is still dangerous even at its first stages

Why you mind sharing with us the sport, were you made successful predictions?

it was a motorsport formula 1 to be exact and there are a lot of variables in the sport so i was pleasantly surprised not only did i predict the winner but also other point scoring drivers

[sompitonov]

Checking your predictions and bets with real money is what is necessary, because I often wanted to bet on a match, but did not do it, in the end everything happened as I thought, and it was very offensive. So that this does not happen now, if I am confident in the bet, then I make it. But there are important points here, for example, we must decide for ourselves exactly how big a bet we can afford, and in no case should we overestimate ourselves because of this excessive confidence. Because if the bet is too big, it will knock us out of the game, and what is even worse, it will have a depressive effect on us, which will haunt us for months. You can never be 100% sure of anything.

[SatoPrincess]

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 laughed when I read this post because it reminded me of when I was doing demo trading. I had a lot of successful trades with my demo account and that spurred me into opening a live account and start trading for real. And I can tell you for a fact that your analysis and predictions can be very different when your money is at stake. Don’t let over confidence get into your head unless you will trick yourself into believing that you have a special gift for predicting matches.

[Fivestar4everMVP]

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?

Confidence can be very bad or very good, it all depends on how we choose to use it. In sports betting, over confidence is definitely a very dangerous thing just as you said in the title or subject of this thread.

I've lost around $3000 before in sports betting due to over confidence in a team I believe would win a match against a really smaller team, but to my greatest shock, the smaller team ended up winning the match and that was how I lost my money.

The fact that you were to correctly predict the outcome of the two games you talked about shouldn't be a reason for you to become over confident in your way of analyzing games and prediction, if you decide to bet real money on your next prediction, make sure to bet with an amount of money you are very sure you can afford to comfortably lose, don't get crazy and allow over confidence lead you into betting all your life savings on a game you just might end up losing, don't make that mistake.

[banana33]

You have to be very careful about the confidence that you put on things, when you are too sure you risk making mistakes and it is a moment then losing control and losing everything, I know people, my friends who have bet a lot because they thought they will never be wrong, but then in the end being sure of what they did they were wrong and lost everything, bissing being prudent and not always risking everything

[LUCKMCFLY]

In sports betting, when a person invests their feelings, they get some games right, they start to feel very confident that they can get all the games right, which is why they make bad decisions, like putting a lot of money on a bet thinking they won't make a mistake. In these cases, people even put money they can't afford to lose.

For example:

A person puts $1 on a game and gets it right. On this first bet, the person is still afraid of betting, but decides to bet again and gets it right. Then, the person starts to think they won't lose. That's why they'll put a lot of money in, borrow money or sell some asset and bet. When they lose, they can commit suicide. I've seen many cases like this here in my country.

Yes, I understand very well what is happening, but for that Reason I have always said that a person who falls into all those things means that he does not have a Clear vision of what gambling means and to what extent he can do something, the person who gambles is totally Responsible for making his decisions, the first step to being addicted is that the person himself allows it , one as a thinking and intelligent person must know what his limit is and how far he can go with his money , if he decides to risk it in an irresponsible manner because nothing good will come to him.

[Frankolala]

You have to be very careful about the confidence that you put on things, when you are too sure you risk making mistakes and it is a moment then losing control and losing everything, I know people, my friends who have bet a lot because they thought they will never be wrong, but then in the end being sure of what they did they were wrong and lost everything, bissing being prudent and not always risking everything

Of course, gambling is not what one should have the confidence on so that he does not gamble blindly and run at big loss. I could remember way back, when I love gambling on whot cards. I have a way of reading the game whenever I am playing against an opponent. That gave me too much confidence that I can make good profit whenever I am gambling but instead ut distracted me and I mislead me into a big loss.

[sotelorene]

You have to be very careful about the confidence that you put on things, when you are too sure you risk making mistakes and it is a moment then losing control and losing everything, I know people, my friends who have bet a lot because they thought they will never be wrong, but then in the end being sure of what they did they were wrong and lost everything, bissing being prudent and not always risking everything

Of course, gambling is not what one should have the confidence on so that he does not gamble blindly and run at big loss. I could remember way back, when I love gambling on whot cards. I have a way of reading the game whenever I am playing against an opponent. That gave me too much confidence that I can make good profit whenever I am gambling but instead ut distracted me and I mislead me into a big loss.

Having confident is good but not in gambling because nobody knows how to gamble or what the result will be so anyone who is claiming to have confident in gambling is deceiving him or herself and the only time this person will realize he or she doesn't is when they will incur a heavy loss that will make them depress. Gambling is a game of luck and so no matter the rate of winning you are making or having is just a luck.

[Vaskiy]

Maybe for your understanding or to find out the confidence level, go for a bet with a very small amount. It can be just a dollar. Now you'll understand the reality. When you don't spend, you make the prediction with the perfect analytical mind, and you're free to do it. That doesn't happen when you go spending money. You'll not do the prediction right. Your mind always has the spending in mind, and for the spending only, you'll be choosing the odds and not based on what you've known about the athletes or the team. So, don't just get dragged as your predictions keep winning all the time.

[Jaycoinz]

It's easy to get confident when you are on a winning streak, many gamblers at this phase feel like they have a winning strategy that can constantly out them in profit forgetting that anything can happen in gambling. It's a game of luck, it's possible to win 5 times in a row and it's also possible to lose 5 times in a row, this is why you must always be careful about how you much you stake on any bet. Don't let overconfidence make you stake too high on any bet no matter how sure it might be. Gambling has a way of disappointing even after doing a proper research.

[Ricardo11]

You have to be very careful about the confidence that you put on things, when you are too sure you risk making mistakes and it is a moment then losing control and losing everything, I know people, my friends who have bet a lot because they thought they will never be wrong, but then in the end being sure of what they did they were wrong and lost everything, bissing being prudent and not always risking everything

Of course, gambling is not what one should have the confidence on so that he does not gamble blindly and run at big loss. I could remember way back, when I love gambling on whot cards. I have a way of reading the game whenever I am playing against an opponent. That gave me too much confidence that I can make good profit whenever I am gambling but instead ut distracted me and I mislead me into a big loss.

Having confident is good but not in gambling because nobody knows how to gamble or what the result will be so anyone who is claiming to have confident in gambling is deceiving him or herself and the only time this person will realize he or she doesn't is when they will incur a heavy loss that will make them depress. Gambling is a game of luck and so no matter the rate of winning you are making or having is just a luck.

No one can disbelieve this, but those who neglect it will definitely face losses. Overconfidence in using strategies in gambling is just an unnecessary thing, because it is completely dependent on luck. No matter how much experience or strategy you have in gambling, it is completely dependent on luck, so you should never gamble with an amount that you cannot afford to lose. A wise person will never see gambling as a means of income, he will consider everything well and gamble only for entertainment. And everyone should have such thoughts that they never face major disasters.

[harapan]

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

It's not adviceable to build confidence in gambling because you ain't sure of the outcome in most cases and it's either you win or lose, so having so much confidence isn't the right decisions to take or do but what's important is you gambling responsibly taking note of the risks taken if it's really worth it. Sometimes when you put so much confidence in some predictions and expect a good return, it may end up the other way round thereby limiting your chances of winning therefore over confidence in gambling isn't good.

[boyptc]

Maybe for your understanding or to find out the confidence level, go for a bet with a very small amount. It can be just a dollar. Now you'll understand the reality. When you don't spend, you make the prediction with the perfect analytical mind, and you're free to do it. That doesn't happen when you go spending money. You'll not do the prediction right. Your mind always has the spending in mind, and for the spending only, you'll be choosing the odds and not based on what you've known about the athletes or the team. So, don't just get dragged as your predictions keep winning all the time.

That is the logic when we gamble and when we're not.

Whenever we gamble, we think that we've got it right because when we don't bet, the best predictions comes out to our mind.

And that's why we think that it's a missed opportunity if we don't bet at all. That's the reason why we feel regretful after not betting when our predictions are right with the sports that we're following.

This is normal and the opposite usually happens whenever we bet and so, that's particular for gamblers and we encounter that in most times.

[Muba20]

You have to be very careful about the confidence that you put on things, when you are too sure you risk making mistakes and it is a moment then losing control and losing everything, I know people, my friends who have bet a lot because they thought they will never be wrong, but then in the end being sure of what they did they were wrong and lost everything, bissing being prudent and not always risking everything

Of course, gambling is not what one should have the confidence on so that he does not gamble blindly and run at big loss. I could remember way back, when I love gambling on whot cards. I have a way of reading the game whenever I am playing against an opponent. That gave me too much confidence that I can make good profit whenever I am gambling but instead ut distracted me and I mislead me into a big loss.

Sometimes if you are not confident then you will have to be in a state of hesitation in taking decisions. You will have to be in doubt about which bet you will participate in. That is why it is necessary to be confident. When a gambler increases that confidence level, there is a possibility of loss rather than profit. Being confident is certainly good but there must be a limit otherwise there is a possibility of increasing the amount of loss. When a gambler is more confident, he will develop the courage to take big risks. If luck is not in his favor then he will have to lose his money. Since nothing is certain in gambling, the possibility of losing increases if he is overconfident.

[Koadharber]

You have to be very careful about the confidence that you put on things, when you are too sure you risk making mistakes and it is a moment then losing control and losing everything, I know people, my friends who have bet a lot because they thought they will never be wrong, but then in the end being sure of what they did they were wrong and lost everything, bissing being prudent and not always risking everything

Of course, gambling is not what one should have the confidence on so that he does not gamble blindly and run at big loss. I could remember way back, when I love gambling on whot cards. I have a way of reading the game whenever I am playing against an opponent. That gave me too much confidence that I can make good profit whenever I am gambling but instead ut distracted me and I mislead me into a big loss.

Sometimes if you are not confident then you will have to be in a state of hesitation in taking decisions. You will have to be in doubt about which bet you will participate in. That is why it is necessary to be confident. When a gambler increases that confidence level, there is a possibility of loss rather than profit. Being confident is certainly good but there must be a limit otherwise there is a possibility of increasing the amount of loss. When a gambler is more confident, he will develop the courage to take big risks. If luck is not in his favor then he will have to lose his money. Since nothing is certain in gambling, the possibility of losing increases if he is overconfident.

No matter which way you would really be trying to choose on but still you would really be ending up on having those cons or negative aspects too. When you are that too confident then it might be that causing up that too much betting you do made, if you are trying out to hesitate then you wont really be having any progress or chances that you would be able to win up something because you havent been able to put up something. Everything will really be having its own effect on which you would really be needing up to consider you cant really just that make yourself that trying out to grasps on everything on which when it comes to betting then the always key to have a non stressful way on dealing it is to make use of the amount on which you can afford to lose and having some fun. Dont think about anything else because this was meant in the first place on have such fun. There are really just that those moments on whom you do really believe that you are really just that too good on making up some bets on which this will really be that bringing out that kind of confidence. lol

[Makus]

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.

Over confidence leads to unnecessary losses because that will make you stake with high amount of money to win big. Over confidence brings in greed, because you will feel that's the best time for you to win back all your losses with just one bet. Gambling is not a skill that you will have the confidence in yourself because you are a professional. Gambling is based on luck and no one can control his/her luck.

Overconfidence in gamble is mostly exercised in sport betting because a gamble can make his analysis off their previous performance and logically all games should go according to his prediction but there come the luck factor. Even a small team out of no where can put a big team on their kneels, that is why we must be careful when taking certain risks. Where I'm from some gamblers tends to deceive themselves or should I say give themselves hope by making some prediction and tagging the game a sure 2 odd, and situations like this, a huge amout of money is used to play these game, though sometimes the wining looks attractive but in reality most of these games end up in lost irrespective of the effects they put in making the prediction.