unrealistic target make us lose in gambling

[Crypto Library]

Have you ever noticed how gambling gets frustrating when you aim high but your capital is too small?

Like, let’s say you have a $10 bankroll but you’re aiming to win $500. Most of the time, you end up frustrated and then you lose control. You start chasing because you realize you're way too far from your goal, and your bankroll is quickly disappearing.

It’s happened to me many times. That’s why I think it’s better to do the opposite: start with a decent capital and aim for smaller, more realistic wins. It keeps you grounded and helps you manage your emotions better.

When you are asking for an unrealistic amount, then the only one thing I will say is that you have greed in mind and what ever it is in the gambling or the trading, when you have greed in mind, you will be always have high chances of big losses also.

We all know that nothing good can ever come from greed, and similarly, when we expect an unrealistic amount while gambling, we are more likely to lose, because very few people win an unrealistic amount by gambling.

[l3pox]

Making unrealistic target and expectations is the main reason why people continue to gamble even when they are not winning with the hopes of making a big win one thing that we should know about gambling is that there is no guarantee in winning so whether your expectation and target is to make small money or to make big money we should remove our mind from making it through gambling because having your mind fixed on gambling is one thing that is not a good idea

Our goal in gambling should not be to chase big wins. If we understand clearly how gambling works, we could say that it is very difficult to win big when you only have a small capital.

That is why some gamblers are taking loans to fund it, and unfortunately, instead of multiplying the money, they end up empty-handed. This kind of mindset is very common, and even though we hear a lot of stories talking negatively, many still don't change and continue their addiction.

I could say that many of us gamble not just to make fun but solely for money.

when it comes to gambling only focused in money, wouldn't it be better to focus on trading or even other acitivities?
how many unprofitable months would be needed for a gambler to decide to focus on a different activity?

taking loans to gamble is a bad idea in 99.999% of the cases
it's better to cut it before it becomes an addiction than after

[rachael9385]

If you are gambling in a casino, how can you set any goals for yourself, let alone long-term or short-term ones that are unrealistic? In sports betting, a long winning streak is possible over the long term, but it requires a unique strategy based on an equally unique edge. Before setting ambitious or unrealistic goals, isn’t it better to ask yourself: What is my edge? Why can’t others copy my strategy? If you can’t answer these simple but uncomfortable questions, then maybe you don’t just have no answer, you don’t have an edge. A real edge. If you don’t have an edge, then expecting to make a profit over the long term is truly unrealistic. If you have already made a profit after a short series of trades, then the best thing for you is to just stop and not take any risks.

Setting goals for yourself when gambling on casino games is somewhat ridiculous and it's crazy to me when people do this. What's the point of setting a goal when casino games are not predictable in any way. Gambling cannot be a constant stream of income and that also includes betting, the mistake most bettors make is chasing more wins after making a significant amount of profit forgetting that losses can come anytime

[taufik123]

-snip-
taking loans to gamble is a bad idea in 99.999% of the cases
it's better to cut it before it becomes an addiction than after

It's stupid to take a loan just to gamble, it should be better to use the loan for a real venture or stock and crypto trading rather than having to risk money that you can't even make and have to pay installments along with interest every month.

Those who take loans for the sake of gambling are too greedy and have the belief of winning, but in reality they always lose, That's unhealthy gambling.

Gambling is for fun and can also be profitable for those who understand and know how to play it.
Sometimes unreasonable targets become the basis for some people to gamble so that they are not controlled.

[Fivestar4everMVP]

You have proven it yourself that setting unrealistic goals will only make you more disappointed and upset, moreover, it is clear from the start that setting goals to make money in gambling is the wrong goal regardless of how much capital you bring and how much winnings you target. Talking about gambling, actually nothing is impossible, it does not mean that it is impossible for you to succeed in achieving the amount of winnings you are targeting but you must be aware that it is a very rare result, meaning don't chase it too much and don't expect it too much.

Winning from gambling is not really about what we desire or goals we set for ourself, it's more about whether we are lucky or not, some lucky people can set goals and end up achieving even much more than what they initially set as their goal, I heard of a story one dude who set a goal to turn $1000 to $10,000 in 30 days, but he fortunately won $17,800 in just 6 days (that is less than a week) after he set the goal, his achievements made alot of other gamblers who heard his story to set similar goals but they all ended up losing their money, many of them then realized winning and achieving goals in gambling is not really by setting the goals, it's by being lucky, and luck is not something we ourselves can command, it simply comes to those it likes and at a time it likes as well.

This is why it is absolutely wrong to copy what others are doing in gambling, because they might end up being lucky while you end up not being as lucky yourself.

[Josefjix]

Have you ever noticed how gambling gets frustrating when you aim high but your capital is too small?

Like, let’s say you have a $10 bankroll but you’re aiming to win $500. Most of the time, you end up frustrated and then you lose control. You start chasing because you realize you're way too far from your goal, and your bankroll is quickly disappearing.

This for the greedy dudes who wants to get rich quickly, placed all their hope on gambling and these categories of gamblers are literally poor. They keep on repeating the process until they got tired, its sick on them and they need healing.

It’s happened to me many times. That’s why I think it’s better to do the opposite: start with a decent capital and aim for smaller, more realistic wins. It keeps you grounded and helps you manage your emotions better.

How much do you think its decent capital. you might call $50 to be decent capital but its smaller to some players, i think you just generalize it to be the amount you can afford to loss not the other way round you thinking.

[Iranus]

Setting goals for yourself when gambling on casino games is somewhat ridiculous and it's crazy to me when people do this. What's the point of setting a goal when casino games are not predictable in any way. Gambling cannot be a constant stream of income and that also includes betting, the mistake most bettors make is chasing more wins after making a significant amount of profit forgetting that losses can come anytime

You probably don't understand the above correctly  . Setting a goal means setting a limit. For example, I can say that I will stop gambling after winning or losing $100 at the casino. Here my limit is $100. I can win much more than $100 at the casino at once. It is possible in the casino. But my goal will be to stop gambling after winning this $100. But if I can win more than $100 at once, then I am lucky. And this is a lucky day for me. If I lose $100 again, then I will stop gambling. My limit will be $100, and I will not allow myself to lose more than that. This is what we can call goal setting.

[Dr.Bitcoin_Strange]

I used to say it's completely impossible for someone to win a parley of 5 games and more, until I saw in the news with evidence, someone won a parley of 18 games with around 22,000 odds, things like this may happen only once in a generation and this is why it's rare.

Yeah, I think I have seen someone that won a parlay of 15 games, I can't remember the total odd but the money he used to stake on that game was not up to $0.5 but yet the amount he won was still very large in our currency. If the case you explain is real, with 22k odd, even if the person staked with $5 or $10, that's a big win bro.

I honestly cannot remember the actual amount of money that the gambler staked on that game but I am very certain it wasn't up to a dollar, but should be more than $0.5 though..

One thing is, those who are betting on parleys with this type of crazy odds don't usually stake a high amount on it, probably because they already know that their chances of winning is very slim so they just bet a very tiny amount of money they are very willing to lose.
I am very that the dude that won that parley with 22,000 odds wasn't expecting to win it, else, he possibly would have staked a higher amount of money on the game, but then, even with the small amount of money he staked, he still made tens of millions if the money won is converted to our local currency.

I think this attitude is very common among most people that bet on parlay, in my home town, if you visit some betting shops, you will discover so many bettors using as low as $0.2 or less amount, to bet on a parlay with many games and like you said, I believe it's true, the reason they stake with small amount is because they already figured out that the chance of winning is very low.

This win was one of the major reasons I started betting on parlays with high crazy odds, but I am yet to be as lucky 😂

Lol, don't worry, maybe if you continue trying, you will be lucky one day.  The honest truth why I bet on long parlay is because I love to cut the game short and take cashout. I don't wait for all the games to finish playing because I already it will end in loss if I keep holding.

[l3pox]

-snip-
taking loans to gamble is a bad idea in 99.999% of the cases
it's better to cut it before it becomes an addiction than after

It's stupid to take a loan just to gamble, it should be better to use the loan for a real venture or stock and crypto trading rather than having to risk money that you can't even make and have to pay installments along with interest every month.

Those who take loans for the sake of gambling are too greedy and have the belief of winning, but in reality they always lose, That's unhealthy gambling.

Gambling is for fun and can also be profitable for those who understand and know how to play it.
Sometimes unreasonable targets become the basis for some people to gamble so that they are not controlled.

the main rule stands real
never bet more than what you can afford to lose
you can't afford to lose borrowed money because you will have to pay back at some point and if you lose you'll be in trouble with whoever lent you the money

it's not so hard...

some people push too much to get excitement in life

[nara1892]

You have proven it yourself that setting unrealistic goals will only make you more disappointed and upset, moreover, it is clear from the start that setting goals to make money in gambling is the wrong goal regardless of how much capital you bring and how much winnings you target. Talking about gambling, actually nothing is impossible, it does not mean that it is impossible for you to succeed in achieving the amount of winnings you are targeting but you must be aware that it is a very rare result, meaning don't chase it too much and don't expect it too much.

Winning from gambling is not really about what we desire or goals we set for ourself, it's more about whether we are lucky or not, some lucky people can set goals and end up achieving even much more than what they initially set as their goal, I heard of a story one dude who set a goal to turn $1000 to $10,000 in 30 days, but he fortunately won $17,800 in just 6 days (that is less than a week) after he set the goal, his achievements made alot of other gamblers who heard his story to set similar goals but they all ended up losing their money, many of them then realized winning and achieving goals in gambling is not really by setting the goals, it's by being lucky, and luck is not something we ourselves can command, it simply comes to those it likes and at a time it likes as well.

This is why it is absolutely wrong to copy what others are doing in gambling, because they might end up being lucky while you end up not being as lucky yourself.

Yes you are right, because hope or expectation of victory will not affect the results at the end of the game, or it can also be said that it cannot be used as a benchmark to guarantee victory, on the other hand yes there is nothing wrong with setting a target for victory but make sure not to expect or chase it too much as I said above. You have said the main point which is "luck", meaning all wins really depend on how lucky you are when playing especially in casino games, meaning that winning in gambling cannot be chased or targeted because luck is something natural and cannot be influenced by anything, I also agree with what you said in your second paragraph.

[taufik123]

the main rule stands real
never bet more than what you can afford to lose
you can't afford to lose borrowed money because you will have to pay back at some point and if you lose you'll be in trouble with whoever lent you the money

it's not so hard...

some people push too much to get excitement in life

Not to be a pleasure, this becomes a new burden when the borrowed money must be returned with a certain period of time and added to it with interest.
People who take out loans for gambling only think about how they play without thinking about where the money will be paid to cover the bills.

Forcing oneself for pleasures that even end up making them miserable is a very bad choice, the long-term effects are very bad.

I personally would never play with borrowed money because I have a special allocation for gambling ( even with small amounts )
because gambling is a pleasure and of course every game only uses a little bet because the important thing is the euphoria, winning or losing is another matter and if it does win it's a bonus.

[kawetsriyanto]

When you are asking for an unrealistic amount, then the only one thing I will say is that you have greed in mind and what ever it is in the gambling or the trading, when you have greed in mind, you will be always have high chances of big losses also.

Agree. Being greedy is a big problem. Whether it is in gambling or other field, the result should be the same. Whenever, we become greedy, we probably think unrealistically and we try to do it excessively. In this way, it easily wastes money, especially in gambling. The more we become greedy, the bigger amount of money to lose instantly.

We all know that nothing good can ever come from greed, and similarly, when we expect an unrealistic amount while gambling, we are more likely to lose, because very few people win an unrealistic amount by gambling.

Yep. If we do it with unrealistic amount, we must expect more for the wins. This is very untrue because this only leads to the severe losses. That's why a gambler needs to understand well the nature of gambling and he/she must have good mentality before starting to play gambling games. If we do this, we won't gamble excessively and won't dream to win unrealistic amount of money.

[dwyane36]

We all know that nothing good can ever come from greed, and similarly, when we expect an unrealistic amount while gambling, we are more likely to lose, because very few people win an unrealistic amount by gambling.

Yep. If we do it with unrealistic amount, we must expect more for the wins. This is very untrue because this only leads to the severe losses. That's why a gambler needs to understand well the nature of gambling and he/she must have good mentality before starting to play gambling games. If we do this, we won't gamble excessively and won't dream to win unrealistic amount of money.

I think that many people have recently heard about James Wynn and how he first boosted his deposit from $3-4mln to $100mln with the help of x40 leveraged futures, then squandered all the unrealized profit and even went into a minus. In fact, futures with such leverage are the same as gambling. In my opinion, his case is a clear example that greed, haste, and unrealistic goals don't lead to anything good.

[TheUltraElite]

I do agree that the expectations of humans bring their money down. They think that casinos lead to huge profits for the players but this is wrong since the opposite is true.

While chasing those expectations they will bet more and more and lead to increasing losses.

We are all enthusiastic about wins but we forget that the casino is running a profitable not a loss-making business.  The earlier we understand this the better.

[summonerrk]

I do agree that the expectations of humans bring their money down. They think that casinos lead to huge profits for the players but this is wrong since the opposite is true.

While chasing those expectations they will bet more and more and lead to increasing losses.

We are all enthusiastic about wins but we forget that the casino is running a profitable not a loss-making business.  The earlier we understand this the better.

Every gambler's enthusiasm must be in line with realism and be moderate.
And most gamblers are mistaken in that if they doubled the deposit amount, then they should continue playing. I think that in this case it is fair to take the prize, because according to the theory of probability, the odds in the casino in gross calculation are 50 to 50. And that means if someone lost everything, then someone (approximately) should double the deposit.

[hedgeh0g]

I do agree that the expectations of humans bring their money down. They think that casinos lead to huge profits for the players but this is wrong since the opposite is true.

While chasing those expectations they will bet more and more and lead to increasing losses.

We are all enthusiastic about wins but we forget that the casino is running a profitable not a loss-making business.  The earlier we understand this the better.

This is exactly what happens, so I don't have too many expectations in the game. I've just seen these stories many times, when a player rushes into the game and wants to prove to himself or others that he is luckier than others, although everyone has long known that luck does not choose anyone, especially those who wanted it to come to him at that moment. I am more of a supporter of us influencing in the game what we can really influence, and not just entering because we need to win money here and now, such a game can punish, so to speak, but it is only important who is able to learn from these mistakes and those who do not learn.

[Peanutswar]

Have you ever noticed how gambling gets frustrating when you aim high but your capital is too small?

Like, let’s say you have a $10 bankroll but you’re aiming to win $500. Most of the time, you end up frustrated and then you lose control. You start chasing because you realize you're way too far from your goal, and your bankroll is quickly disappearing.

It’s happened to me many times. That’s why I think it’s better to do the opposite: start with a decent capital and aim for smaller, more realistic wins. It keeps you grounded and helps you manage your emotions better.

In playing gambling actually with that kind of bet you can possibly achieve the target but into different aspect of playing, first is you consistently make a gambling like lets say in sports betting having with that bet with just normal bet you will takes time to reach that but if you use the turbo bet or the combo bet but in a case of you need to hit the number of games accurately to achieve. Also in sports games that allow small bet like 0.2$ USD per bet and if you get lucky could have a chance you win the game with a huge multiplier so still feasible but again its gambling any outcome can happen.

[AprilioMP]

Have you ever noticed how gambling gets frustrating when you aim high but your capital is too small?

Like, let’s say you have a $10 bankroll but you’re aiming to win $500. Most of the time, you end up frustrated and then you lose control. You start chasing because you realize you're way too far from your goal, and your bankroll is quickly disappearing.

There can be no such gamblers. It seems to me that if gamblers have a realistic mind, irritation will not arise. Realistic gambling is a balance between the target and the desired goal. If the money is small, then the target must also be balanced. Otherwise, it will give birth to various circumstances. Even if forced, it still won't be balanced. A lot of money, a big bet, it is only natural that the winning target is also big.

[masulum]

There can be no such gamblers. It seems to me that if gamblers have a realistic mind, irritation will not arise. Realistic gambling is a balance between the target and the desired goal. If the money is small, then the target must also be balanced. Otherwise, it will give birth to various circumstances. Even if forced, it still won't be balanced. A lot of money, a big bet, it is only natural that the winning target is also big.

Dreamer, maybe we can call it for those who have big targets with small bets. Actually, there is nothing wrong for dreamers to have big winning targets. Because in fact, someone can win big with just few cents. You can win $ 1000 +, just because you are deposited only $5. This is the fact, everyone can dream of being like that. are you sure dreamer with high target is the first reason to bring the problem. I don't think that the first reason, because in several conditions, bettor with high target able to maintain himself from betting without thinking about his/her limit.

[Crypto Library]

I think that many people have recently heard about James Wynn and how he first boosted his deposit from $3-4mln to $100mln with the help of x40 leveraged futures, then squandered all the unrealized profit and even went into a minus. In fact, futures with such leverage are the same as gambling. In my opinion, his case is a clear example that greed, haste, and unrealistic goals don't lead to anything good.

Rather I will say that future trading is one kind of gambling even there is lots of things to learn the analysis in future trading but but if we notice that most the people trade on future just like gambling because they don't have enough knowledge about the trading but because of their greed they trade to gain unrealistic amounts in a short period but at the end they just got bananas in their hand.

So I would say to both it can be trading or gambling we shouldn't except the unrealistic amount because it comes from greed and nothing can be good when it's comes from the greed.