Winning Can Ruin You Too

[tech30338]

Sometimes winning may be equally damaging as losing, as it may escort to overconfidence  & chasing behaviour. You know we have the tendency to get overconfident after winning, we start to think that we are on control, which may force us to increase the amount  also riskier-bet,  ultimately we end up slipping when luck turns against us. So most often gamblers tend to wager more or play longer,  due to loses or winings, especialy when they run behind success or try to recover the lost money. You could call it win chasing or loss chasing whatever, it is kinda feedback loop that very few player know how to get out of. So we should be sharp enough to counter such kind of human bias &  stay away from falling for these shit that may later become the cause of our regrets.

According to your own statement, it’s not the winning that makes people lose rather their behavior itself which is over confidence.

I don’t view winning negatively no matter what angle I see it because it’s an additional money on your bankroll which is beneficial to all of us.

However, being over confident is a different matter since it’s your own choice to do that and you are using profit as an excuse to gamble for more.

And thats what the house want to, when you are hook and think you are winning that's when thing starting to turn the tables, slowly you will experience losing,
the winnings you got a moment will slowly disappear, and the remaining is the capital and eventually lost everything, then as a gambler you will think that, its normal with the current hype that you are lucky will drain you're pocket, and lose everything you bring that night, mostly you are going to pawn the car if you are soo addicted.

[GIF-JOBS]

exactly, you have to know how to manage your emotions and know how to control yourself, I know it's not easy but you have to do it and it saves you from many other bad things in life.
Life is like a game, it only takes a moment and it can end badly, play responsibly.

Self control works wonders in all walks of life and in gambling it puts out the uniqueness in every player. Too many of which suffer from lack of discipline complains by alot about the tricky nature of gaming. While it's not easy, self control is learnable, and pays out on the long term; emotionally and financially.

The reality is that without self-control, it is never possible to survive in a place like gambling, it is very tempting and people easily get addicted here, but you always have to go against this temptation, that is, gambling will try to make you deeply addicted but you have to stay away from this addiction in any way and for this you have to be strict self-control. The reality is that disaster will surely come to those who fall into the temptation of gambling and become addicted, here those who can stop themselves at the right time, they can truly win.

[EarnOnVictor]

-snip-
losing, and at that stage, you change your mind to recover the money that you lost and start chasing it, falling into the trap. All your winnings and original money are gone, leaving only regret and sadness on your side.

I know the school of thought you brought this from, but I tell you, it is not as harmful as you think, and it can only happen to those who are not experienced in gambling. You don't allow winning to push you. Winning now doesn't make an experienced gambler win later. The latter wagering/risk comes with its own risk/luck, which makes it neutral and dissociated from the former outcome.

However, in all, it is losses that make people feel bad, not winning. Nevertheless, one should still comport oneself after winning, so that it will not trigger the motivation that will put them in trouble.

[Franctoshi]

Mostly, here I hear about how dangerous loss is, it ends many lives and can put someone in big trouble. This is a clear issue, and people are protecting themselves from it. However, there is another thing that can also ruin one's life, and that is winning. Winning is the sweet and a pleasurable trap where you can stuck your life happily without knowing that it engulfs you until it comes to an end.

When you win, you think that you know gambling better and assume that luck is on your side, which leads you to jump into a big risky bet. You start losing, and at that stage, you change your mind to recover the money that you lost and start chasing it, falling into the trap. All your winnings and original money are gone, leaving only regret and sadness on your side.

The purpose of making this thread is to share your experiences with others about how you lost and fell into this hidden and unknown trap. The second piece of advice is that whenever you win, keep that money and leave for the day before you lose all your money.

You're right with your topic and it used happen often time, if that money hasn't hit your bank account don't celebrate yet, This has happened to me both in gambling and in trading. Just know when to leave and call it a day, else the next thing is that you will give that money you already won back to the system especially when you don't have a particular amount of money that you will call profit target in mind and I bet you definitely will get carried away by the joy of profit and you start doing stupid things.

[hedgeh0g]

exactly, you have to know how to manage your emotions and know how to control yourself, I know it's not easy but you have to do it and it saves you from many other bad things in life.
Life is like a game, it only takes a moment and it can end badly, play responsibly.

Self control works wonders in all walks of life and in gambling it puts out the uniqueness in every player. Too many of which suffer from lack of discipline complains by alot about the tricky nature of gaming. While it's not easy, self control is learnable, and pays out on the long term; emotionally and financially.

The reality is that without self-control, it is never possible to survive in a place like gambling, it is very tempting and people easily get addicted here, but you always have to go against this temptation, that is, gambling will try to make you deeply addicted but you have to stay away from this addiction in any way and for this you have to be strict self-control. The reality is that disaster will surely come to those who fall into the temptation of gambling and become addicted, here those who can stop themselves at the right time, they can truly win.

Of course, winning can fall on every player, because luck comes by chance and you just need to be prepared for this, for example, plan where to spend this money if it happens. Because if you do not do this, the player will not feel the support under his feet and will continue to bet without even understanding why he does it again and again, and it is impossible to win all the money of the msira, there is a limit everywhere. The most dangerous path is when at the beginning of the path the player wins, and then loses this winning and in hope tries to win back, but this does not happen, I think this is the classic path of players.

[nara1892]

According to your own statement, it’s not the winning that makes people lose rather their behavior itself which is over confidence.

I don’t view winning negatively no matter what angle I see it because it’s an additional money on your bankroll which is beneficial to all of us.

However, being over confident is a different matter since it’s your own choice to do that and you are using profit as an excuse to gamble for more.

And thats what the house want to, when you are hook and think you are winning that's when thing starting to turn the tables, slowly you will experience losing,
the winnings you got a moment will slowly disappear, and the remaining is the capital and eventually lost everything, then as a gambler you will think that, its normal with the current hype that you are lucky will drain you're pocket, and lose everything you bring that night, mostly you are going to pawn the car if you are soo addicted.

The scenario you describe about how a gambler loses back their previous winnings is very accurate, as you described above.
That's what happens and is experienced by most gamblers who win and then eventually lose their winnings. Overconfidence or the feeling that it's the right time to take advantage of a bigger win is the main trigger. Yes, as you said, in the process, they gradually lose their winnings along with their capital, and of course, all that's left is regret. This is why a gambler must be able to restrain themselves and know when the right time to stop. When I'm in that situation, I usually don't think much about it; I immediately withdraw, especially when the amount has doubled my capital.

[Muba20]

Sometimes winning may be equally damaging as losing, as it may escort to overconfidence  & chasing behaviour. You know we have the tendency to get overconfident after winning, we start to think that we are on control, which may force us to increase the amount  also riskier-bet,  ultimately we end up slipping when luck turns against us. So most often gamblers tend to wager more or play longer,  due to loses or winings, especialy when they run behind success or try to recover the lost money. You could call it win chasing or loss chasing whatever, it is kinda feedback loop that very few player know how to get out of. So we should be sharp enough to counter such kind of human bias &  stay away from falling for these shit that may later become the cause of our regrets.

According to your own statement, it’s not the winning that makes people lose rather their behavior itself which is over confidence.

I don’t view winning negatively no matter what angle I see it because it’s an additional money on your bankroll which is beneficial to all of us.

However, being over confident is a different matter since it’s your own choice to do that and you are using profit as an excuse to gamble for more.

And thats what the house want to, when you are hook and think you are winning that's when thing starting to turn the tables, slowly you will experience losing,
the winnings you got a moment will slowly disappear, and the remaining is the capital and eventually lost everything, then as a gambler you will think that, its normal with the current hype that you are lucky will drain you're pocket, and lose everything you bring that night, mostly you are going to pawn the car if you are soo addicted.

If you don't win, the gambler's self-confidence does not increase. That's why I have heard from many people and have achieved the same result from myself. The way gambling starts from the beginning, that doesn't stay long. When the gambler becomes self-confident, his decline starts. There is no way to say that a gambler will lose continuously. But the house will always give priority to his profit first. There are some gamblers who are greedy and they also fall into the trap of gambling. After the big win in the beginning, when the gambler becomes greedier, they use the remaining money to place big bets and at some point they have to lose all the winnings and also the deposited assets.

[Y3shot]

The reality is that without self-control, it is never possible to survive in a place like gambling, it is very tempting and people easily get addicted here, but you always have to go against this temptation, that is, gambling will try to make you deeply addicted but you have to stay away from this addiction in any way and for this you have to be strict self-control. The reality is that disaster will surely come to those who fall into the temptation of gambling and become addicted, here those who can stop themselves at the right time, they can truly win.

Gambling without discipline will always lead to addiction, and one thing about gambling, even if you are losing or gaining, is that if there is no self-control, it always leads to addiction.

The reason why some gamblers fall for gambling is because they do not understand it, and if the understanding of gambling is not there, it is impossible to be disciplined in gambling.

Gamblers need to crave understanding of how the game works, and with this, it will be very easy to have self-control, because when there is an understanding of what the implications would be like when one is gambling too much, there will be reason to apply self-control to prevent getting addicted to gambling.

[Chilwell]

The reality is that without self-control, it is never possible to survive in a place like gambling, it is very tempting and people easily get addicted here, but you always have to go against this temptation, that is, gambling will try to make you deeply addicted but you have to stay away from this addiction in any way and for this you have to be strict self-control. The reality is that disaster will surely come to those who fall into the temptation of gambling and become addicted, here those who can stop themselves at the right time, they can truly win.

What the Op said really rings a bell. Winning in gambling can actually ruin one's life. Because in a situation whereby someone is always winning when he or she gamble, this will motivate the individual to gamble more to get more profits, Making the person a to love gambling, coursing through one's life like a powerful force and it will create an emotion attachment, which will eventually causes or lead to addiction. Before you realise it, he or she will not be able to survive without gambling. In this cases, at the end of the day when the table turns and the person start facing loses he will definitely find it very difficult to stop gambling. People need to be extremely careful when gambling, even if they are experiencing win. Because seriously, if care is not taken, it is going to get to change the story.

Winning is even more dangerous than losing. Because when someone is always winning in gambling, the person will be adamant and overconfident in himself/herself and it will encourage the person to gamble with a huge amount of money (which he or she cannot afford to lose). And when a gambler chase bigger win the chances of winning will be very low, providing a great room and great opportunities for loss.

[Dunamisx]

snipped

You're right with your topic and it used happen often time, if that money hasn't hit your bank account don't celebrate yet, This has happened to me both in gambling and in trading. Just know when to leave and call it a day, else the next thing is that you will give that money you already won back to the system especially when you don't have a particular amount of money that you will call profit target in mind and I bet you definitely will get carried away by the joy of profit and you start doing stupid things.

Sometimes i got surprised when i se the way some gamblers will be in expectation that a bet being played should come as a winning and they put their minds towards this direction, then when the game ends, we discover that it turned to be a loss, which is exactly what some are doing, putting hope on vanity, which does not change anything from the reality that we either lose or win and still stand under the probability of losing more than winning.

[rachael9385]

For those who have no control over themselves, gambling is just a trap or a trap to lose money. Whether you lose or win, the greed for money will take you to the edge of the abyss. A self-controlled gambler will never fall into the trap of temptation or lose everything in excitement while winning. Because he knows how much he has to play and how much he is comfortable losing. But for an uncontrolled person, everything is a trap. Because whatever he does, he will get excited and lose.

There are people that are unable to control their emotions, these category of gamblers should not even be gambling in the first place. Everything is definitely going to be a trap for someone that's cannot control their emotions, this is the most crucial feature you must have if you want to stay in control when gambling. A gambler that's self-controlled doesn't see gambling as a source of income, it's just a source of entertainment

[Agbe]

In this case, winning does not mean the person goes into financial ruin; it is the losses.  As stated in the earlier reply, it is not the win that does the damage; it is the greediness of the person and wanting to win more.

I quite agree with you because when an individual wins a gambling it puts that believe in such a person that he or she can and always win and so continues to gamble and gets greedy in the process and so over time such a person will be on the losing side so when winning in gambling we have to put ourselves into check

[Onyeeze]

exactly, you have to know how to manage your emotions and know how to control yourself, I know it's not easy but you have to do it and it saves you from many other bad things in life.
Life is like a game, it only takes a moment and it can end badly, play responsibly.

Self control works wonders in all walks of life and in gambling it puts out the uniqueness in every player. Too many of which suffer from lack of discipline complains by alot about the tricky nature of gaming. While it's not easy, self control is learnable, and pays out on the long term; emotionally and financially.

The reality is that without self-control, it is never possible to survive in a place like gambling, it is very tempting and people easily get addicted here, but you always have to go against this temptation, that is, gambling will try to make you deeply addicted but you have to stay away from this addiction in any way and for this you have to be strict self-control. The reality is that disaster will surely come to those who fall into the temptation of gambling and become addicted, here those who can stop themselves at the right time, they can truly win.

Of course, winning can fall on every player, because luck comes by chance and you just need to be prepared for this, for example, plan where to spend this money if it happens. Because if you do not do this, the player will not feel the support under his feet and will continue to bet without even understanding why he does it again and again, and it is impossible to win all the money of the msira, there is a limit everywhere. The most dangerous path is when at the beginning of the path the player wins, and then loses this winning and in hope tries to win back, but this does not happen, I think this is the classic path of players.

A someone who is into gambling have already know that it will lose or win, except that the person have not know what's gambling, but in normal sense wining gambling is by luck and I know that, but some people think that you can continues wining gambling and some people may think that the reason why they win gambling is because they're good in predictions, so I have not never see someone who is good in gambling predictions and with it's perfection of predicting gambling and that makes them to be winning every time, I know very well that gambling is all about basic understanding, and if we think that as we win by chance and it will be continue wining I think it's a wrong understanding of gambling from the newbies.