ALL YOUR WINNINGS GO BACK TO THE GAME?

[Pandu Geddon]

In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.

That situation might not happen if you think simply about your gambling activities. Today's game ends the same day. And tomorrow's game brings a new result. You don't need to statistically accumulate all of your gambling activities. If you win that day, you can enjoy it that day. If you think too much about the statistics of your gambling activities, what might happen to you is chasing losses.

[coin-investor]

I think if you can follow up with this steps you will definitely see how your gambling life will turn around your real life positively.

There are a lot of books and videos about getting yourself into a safe zone in gambling, but it’s easier said than done. You can read all the books and watch all these videos, but if you do not have a strong character to follow, they are all useless.

Character is essential if you want to gamble responsibly; all this advice will go out of the other ear if the gambler has no will to follow this advice.

[michellee]

@OP gives good steps to control yourself especially when you win. Not many people can stop immediately after winning but they will continue to chase more. They don't see that their chance to win will not always be there but their eyes can't see that. They only follow their desire and greed to win once more. But unfortunately, gambling will not let you win this time.

Gambling will take your money slowly if you start with small bets. But if you increase your base bet because you want to end your game fast, you may lose more at once. It is enough to play especially if you win. You can stop and doing something with the money. You can play again tomorrow or on other days.

[Cryptomultiplier]

I think if you can follow up with this steps you will definitely see how your gambling life will turn around your real life positively.

There are a lot of books and videos about getting yourself into a safe zone in gambling, but it’s easier said than done. You can read all the books and watch all these videos, but if you do not have a strong character to follow, they are all useless.

Character is essential if you want to gamble responsibly; all this advice will go out of the other ear if the gambler has no will to follow this advice.

A gambler many of the times need to learn from their experience of losing in other to be able to access themselves, know their strength and weaknesses while gambling. Otherwise, there's no advice that is well meaning, that would make any meaning to such a gambler.

Some of the best gamblers I know, use a certain strategy which helps them manage their risk very well. So you might think because a gambler said they always bet means they bet without using their sense or experience, then you might get it all wrong.

[YOSHIE]

In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.

I believe in that assumption/proverb, for those sayings it's not a myth, it's a fact.

You don't need to do all of this.

Ways to avoid this things from happening
1_ know when to stop
2_ put a daily stake stop on your games
3_ read alot of books (financial books)
4_ don't stake when you not stable mentally

If you want to test the adage you mentioned, what you need to do is make a gambling notebook within this month.
How: you can count how many times you place bets/gamble in a day and how many times you win and how many times you lose.
You will find out for yourself after doing all that, whether you win $1 million or lose $2 million, you will get the answer.

[LeyMonte]

If the money I have on my gambling account has been used finished, I will definitely stop gambling immediately. No other thing that I need to know about gambling in term of financial books.

You are absolutely right because not everything can always be done with the knowledge of financial books. Sometimes we do the best job by giving priority to our own opinions. I appreciate your opinion because not only books but sometimes taking our own decisions is more important than the logic of the book.

You really said a very nice thing. In some cases, I don't feel the need to know or understand what the words written in financial books are saying. Books never know about our own financial situation, so it is important for us to be able to make the right decisions from the right position.

[Makus]

It's easy to get disablilized mentally when you are losing and at this point if you have no control over yourself you would end up chasing losses. For a lot of people this is a constant cycle of repeated events, they keep on going through the same experiences repeatedly. This is actually what makes gamblers throw all the money they have won back into gambling. It starts out just by chasing more profits after winning and from there when losses starts to come in they lose the entire amount they won, without discipline you can't make profit

[Somto9Light]

It's easy to get disablilized mentally when you are losing and at this point if you have no control over yourself you would end up chasing losses. For a lot of people this is a constant cycle of repeated events, they keep on going through the same experiences repeatedly. This is actually what makes gamblers throw all the money they have won back into gambling. It starts out just by chasing more profits after winning and from there when losses starts to come in they lose the entire amount they won, without discipline you can't make profit

I’ve come to understand that the reason why this cycle is so dangerous is that it usually starts when the gambler is currently in the middle of a winning streak. His confidence drastically rises, opening possibilities for him to take on much bigger risks, believing this streak would continue, but unfortunately when the game changes and they’re not mentally prepared for it since they weren’t expecting the losses. And instead of retreating at this point, the only thing they can think about is restoring the lost glory, and so they keep pushing forward, hoping to at least recover what they’ve lost.

[₿itcoin]

Ways to avoid this things from happening
1_ know when to stop
2_ put a daily stake stop on your games
3_ read alot of books (financial books)
4_ don't stake when you not stable mentally

Of course, the methods you shared are really effective. When it comes to managing your winnings properly, it is very important to make some final decisions. That is, when to stop and setting a tolerance limit for daily losses is very important.

I could give you some more tips, make a budget that is completly distinct from your daily need & saving, which can be thought of as money set aside for wagering. This can be referred to as your bankroll.  and set how much you could afford to lose. If you reach that limit, get out of there and stop playing. When you start winning, decide how much profit you will stop. After reaching a certain profit, withdraw some money so that you do not have to gamble all your money again. This way you can keep the profit in your pocket.

Of course, it is important to record each betting session. how many times you bet, how many times you won or lost &  how you felt at the time. This way, it will be easier to identify your bad habits and you will be able to maintain discipline

[Patikno]

In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.
I will tell you for free that those who face such are those with no financial risk plans at all, those that that do that are either too greedy or desperate to make it after seeing a big win once therefore make themselves hungry for more which in turn exposed them too big risk of loosing more than they gain from gambling

Ways to avoid this things from happening
1_ know when to stop
2_ put a daily stake stop on your games
3_ read alot of books (financial books)
4_ don't stake when you not stable mentally

I think if you can follow up with this steps you will definitely see how your gambling life will turn around your real life positively.

As the saying goes "Easy come, easy go", meaning that something easy to get is easy to lose, and this applies to anything, including winning at gambling.

However, it is all about mindset, meaning that most people believe they can easily win money from gambling, so they assume they can get it back later. However, this mindset is flawed, and I have personally experienced it, not only when gambling but also when making large profits in crypto, and in the end I failed because I had that bad mindset. Essentially, we must have a mindset that ensures proper money management, and we must understand that earning money isn't as easy as flipping a switch. Therefore, we must be wise, especially in managing our time, and finances when gambling.

[Mustang Shelby]

In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.

That saying makes sense, especially for casino games. When you win a certain amount at the casino, you have been much luckier than you will be in the long run, due to the house edge. If you keep playing, the more you play, the closer the expected mathematical result will be to the actual result, which will always be a loss.

Spending long periods of time playing casino games is certainly enjoyable, but there's always some doubt about whether it's profitable. From what I've observed, quitting after winning is the best way to proceed with casino games. Of course, this isn't the case with other bets, like match predictions. Therefore, if you're playing casino games, you should control your anger and leave the table at the most reasonable time.

[Mate2237]

To an extent the people saying this may be right because, there are actually people who lose everything back to gambling no matter what they win in gambling. This is because they are obsessed with making extra money no matter how much they make in gambling. These are the set of person's that we can call addicted because to them gambling is the way out and so they put back everything they have made in the process.



For one to have a good gambling experience there should be set out laws that should be as a guide because gambling is one thing that can ruin the life of any one who gamble without taking back everything in their possession. It's good that when an individual gets lucky and wins in gambling the money should be out into something meaningful that will bring economic importance.

[batang_bitcoin]

All what you have said is known by the community and are generic tips on how to avoid unfortunate situations when we gamble. Someone who wins a lot and yet lose more than that profit, it's a common thing when we gamble. That's why many are chasing their losses but only shows how much they've won and it becomes a thought in my mind if someone shares so big profit and makes me curious how much it cost them to win that. Because we know that someone might be an actual lucky gambler and it didn't cost them a lot of money before hitting jackpots.

[Dr.Bitcoin_Strange]

In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.

To a certain extent, that's true, you don't have controls over game with RNG, your result is based on luck and every strategy you try to play with will be inconsistent, so you can win 1m and if you continue playing you are still going to lose that 1m and more than 2m unless you stop. It can be easier in sport betting since it doesn't only depends on luck but strategy also works for the bettors advantage but if the gambler doesn't play with discipline and respect some of the point you mentioned, they can still lose more than any amount that they have won.

[Agbam]

In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.

I believe in that assumption/proverb, for those sayings it's not a myth, it's a fact.

You don't need to do all of this.

Ways to avoid this things from happening
1_ know when to stop
2_ put a daily stake stop on your games
3_ read alot of books (financial books)
4_ don't stake when you not stable mentally

If you want to test the adage you mentioned, what you need to do is make a gambling notebook within this month.
How: you can count how many times you place bets/gamble in a day and how many times you win and how many times you lose.
You will find out for yourself after doing all that, whether you win $1 million or lose $2 million, you will get the answer.

I totally agree with you on this, I don’t think there’s anybody who’s a gambler that will say this is a myth, anybody who says so is not a gambler just someone who decides to bet once in a while.

Gambling is highly addictive and most times gives you a feeling you’ll get it better the next time you try. I’ve witnessed several cases of people who won 1m and lost 2m afterwards. That saying the House always wins isn’t just a statement it’s a statement indicating a fact.

Just try out or practice what @Yoshie has suggested and you’ll confirm for yourself.

[OgNasty]

I nearly always dump it all back in.  This is because I don't gamble much and walking away with a few dollars isn't something I really care about.  If I were to hit a major win and profit 5 figures or more, that would be a different story.  Mostly, I just enjoy the rush of potentially hitting a huge score.  Whether or not I actually win doesn't make a huge difference on the amount of entertainment it brings me.  Sometimes I just like to say that I have skin in the game.

[Text]

for me bro you’re right I lose my winnings when I don’t have have any control or plan at all. Once I taste a big win I chase it again and again thinking it will always be that easy but to be honest that’s where the downfall starts. Knowing when to stop is the hardest but very important, setting limits to not be carried away, reading about money for more awareness in consequences and discipline and yes don’t stake when your mental state is not okay cause that’s usually when people make reckless decisions. Gambling should be entertainment only not source of income, if you treat it properly it won’t destroy your finances or mindset.

[Ivystar5]

I feel like what people are talking about at this point is basically not the losses after a huge win but the cumulative losses I mean if you will win big in a casino you will probably loss twice the win which means you probably have been losses for some time before you made a good win they are not wrong with this because you can't just hit a casino one time and expect to win it's not always possible and it happens you will at the same time continue to loss gradually. so it's correct even with the said steps you will still loss.

[Eternad]

I feel like what people are talking about at this point is basically not the losses after a huge win but the cumulative losses I mean if you will win big in a casino you will probably loss twice the win which means you probably have been losses for some time before you made a good win they are not wrong with this because you can't just hit a casino one time and expect to win it's not always possible and it happens you will at the same time continue to loss gradually. so it's correct even with the said steps you will still loss.

That’s one way to view it. You can also consider the potential of increasing the bankroll once gambler already experienced a huge win then suddenly lose.

Gambler usually double or more their bankroll to easily cover their previous losses or increase their profit potential since they already experienced the win in the past.

Human Greed is the one being considered on this phrase.

[TelolettOm]

This can actually happen.
When we win while gambling, but can't do some of the things you've listed below, we end up returning to the platform again, betting more money and hoping to win again and again.

Unfortunately, once we win, can we continue with a significant streak using the winnings? I'm not sure. Quite the opposite. People who are determined will use their winnings to gamble again because they feel more confident after winning and will be even more addicted after winning. However, in reality, their total winnings may not be more than 1/8 of the money they have spent on the gambling platform.