THE PSYCHOLOGY BEHIND TAKING RISK

[Bitco55]

People are usually attracted to uncertainty. One of the major reason for this is the release of dopamine in the brain when we feel anticipation and excitement. This is why even small bets can feel thrilling . The cycle of risk, suspense, and reward, is created through gambling. For alot of people, gambling is more about stimulation and less about the money. The fact that there is an unpredictable outcome keeps the brain engaged. That's another reason why it's easy to get carried away of you don't control your emotions.

[Ojima-ojo]

Gambling is for pleasure, and those who seek after pleasure can easily become addicted to what release that pleasure into their brain if not controlled this is why gambling is highly addictive, but the fact that a person that set out to gamble seeking pleasure and entertaining fun activity like gambling should already be aware of this risk and should put measures in place that can keep them ahead and safe from falling into that addictions.

Lastly most of those gambling addicts never gamble for the pleasure and the fun of gambling, but they are doing so for the financial outcome of it, this why we see many addicted gambler's, they are addicted to the quest of chasing the money and not just to have fun or easy the pressure through gambling.

[freedomgo]

First, you should move this to the gambling discussion board.

I’ve read similar posts before, and again this “dopamine” thing pops up, so I bothered to research it. Turns out it’s a chemical your brain produces when you’re enjoying something, that’s why you want to keep doing it. That’s why it’s hard to fight if we’re not disciplined. We just continue what we’re doing and end up not managing the risk properly. It’s probably also the reason why we chase our losses, which later turns into regret.

[Porfirii]

First, you should move this to the gambling discussion board.

I’ve read similar posts before, and again this “dopamine” thing pops up, so I bothered to research it. Turns out it’s a chemical your brain produces when you’re enjoying something, that’s why you want to keep doing it. That’s why it’s hard to fight if we’re not disciplined. We just continue what we’re doing and end up not managing the risk properly. It’s probably also the reason why we chase our losses, which later turns into regret.

But this generates many doubts in me, because when I have gambled for the money in the past I have not enjoyed the experience, but rather I suffered a lot, and that's why I always gamble assuming that it's lost money already. So that's not as simple as dopamine-pleasure, but about the addictive component of relief after suffering also, or perhaps in some cases even and addictive tendency to pain?

[Kelward]

We take gambling risks for different reasons and despite that they are all risks some are calculated risks while others are unreasonable risks and their dopamine are not the same. If you are gambling for fun and using amount that you can afford to loose it means that you are taking reasonable risks, you will still get your thrill even when you lose. If you are gambling to make a living from it your risk will be out of desperation to win and it will be like a competition between you and the casino, there is no fun in that. I prefer to gamble for fun and to feel the thrill of taking risks within my capacity, it is exciting to place a bet and see if it works out as I anticipated it.

[joeperry]

People are usually attracted to uncertainty. One of the major reason for this is the release of dopamine in the brain when we feel anticipation and excitement. This is why even small bets can feel thrilling . The cycle of risk, suspense, and reward, is created through gambling. For alot of people, gambling is more about stimulation and less about the money. The fact that there is an unpredictable outcome keeps the brain engaged. That's another reason why it's easy to get carried away of you don't control your emotions.

This is the psychology behind the people who are after the entertainment and thrill of gambling but it's different for people who are after on it for profit and quick money, they receive the same thing in the brain but people that gambles for money usually gets more addicted to it not because of the dopamine but rather wanted to win back their losses and probably trying their luck again and again for quick money. Most of the time, it's really nice to feel the unpredictable outcome and not only because you've managed to predict it right but also you'll have an extra money as a reward.

Sometimes I get carried away with gambling especially with esports betting but luckily I've managed to limit my bets unlike when I first started and doesn't care about my bankroll that's why I always ended up losing.

[Cointxz]

People are usually attracted to uncertainty. One of the major reason for this is the release of dopamine in the brain when we feel anticipation and excitement. This is why even small bets can feel thrilling . The cycle of risk, suspense, and reward, is created through gambling. For alot of people, gambling is more about stimulation and less about the money. The fact that there is an unpredictable outcome keeps the brain engaged. That's another reason why it's easy to get carried away of you don't control your emotions.

I don’t know about you but the only reason I’m taking risk on gambling is for the chance to gain profit on winning bets. Winning against the odds of the gambling is what makes it entertaining while those risk involved is part of the process.

Some people do arbitrage betting which has no risk on bet for the sake of the profit. I doubt they are seeking dopamine when they do that method and that proves that gambler main goal is to gain profit and have fun on the experience.

[Rgram]

I think the real problem here is how the brain starts linking gambling with pleasure. Even when you lose, those few wins stick in your mind, and you find yourself chasing that same excitement again. That’s how someone can sit there for hours without even noticing time is passing, the feeling becomes stronger than the reward itself.
And those near misses don’t help either. When you almost win, your brain reacts like you actually did. It makes you feel like you are close, like the next try might finally land. That’s one of the biggest traps, because it keeps you going longer than you planned, thinking the win is just one more attempt away.

[qwertyup23]

First, you should move this to the gambling discussion board.

I’ve read similar posts before, and again this “dopamine” thing pops up, so I bothered to research it. Turns out it’s a chemical your brain produces when you’re enjoying something, that’s why you want to keep doing it. That’s why it’s hard to fight if we’re not disciplined. We just continue what we’re doing and end up not managing the risk properly. It’s probably also the reason why we chase our losses, which later turns into regret.

Yup you are correct.

Dopamine is basically the "happy hormone" that our brain releases whenever we feel good about something. This applies to everything that makes us happy; and we all know that MONEY makes us happy! This is exactly the reason on why gambling is so addicting that you tend to lose your self-control- it involves winning money and taking risk at the same time.

People are usually attracted to uncertainty. One of the major reason for this is the release of dopamine in the brain when we feel anticipation and excitement. This is why even small bets can feel thrilling . The cycle of risk, suspense, and reward, is created through gambling. For alot of people, gambling is more about stimulation and less about the money. The fact that there is an unpredictable outcome keeps the brain engaged. That's another reason why it's easy to get carried away of you don't control your emotions.

I don’t know about you but the only reason I’m taking risk on gambling is for the chance to gain profit on winning bets. Winning against the odds of the gambling is what makes it entertaining while those risk involved is part of the process.

Some people do arbitrage betting which has no risk on bet for the sake of the profit. I doubt they are seeking dopamine when they do that method and that proves that gambler main goal is to gain profit and have fun on the experience.

You are also correct on your statement.

At the end of the day, it depends on the goal of the person but everything boils down to one thing- gambling makes us happy regardless of our purpose. Whether it be for profit; or for experiencing a high-octane scare due to beating the odds against your favor.

[Hyphen(-)]

People are usually attracted to uncertainty. One of the major reason for this is the release of dopamine in the brain when we feel anticipation and excitement. This is why even small bets can feel thrilling . The cycle of risk, suspense, and reward, is created through gambling. For alot of people, gambling is more about stimulation and less about the money. The fact that there is an unpredictable outcome keeps the brain engaged. That's another reason why it's easy to get carried away of you don't control your emotions.

If you feel like gambling is all about simulation and not money then we shouldn’t bother about the outcome of the result since any result that come will have some reason behind it, so there is no need of tisk management since we don’t know the outcome and we can take anyone that comes.

The concept of risk taking in my opinion is to be open for more reward while expecting anything since its prediction and there is no certainty. We manage our risks to help our brain and emotions so that we can’t lose our complete capital, even though in gambling there is nothing like getting some percentage of your investment back when you lose.

[Maslate]

Dopamine is basically the "happy hormone" that our brain releases whenever we feel good about something. This applies to everything that makes us happy; and we all know that MONEY makes us happy! This is exactly the reason on why gambling is so addicting that you tend to lose your self-control- it involves winning money and taking risk at the same time.

So what happens when we lose? Is it still dopamine working in our brain? If dopamine only comes out when we’re happy, then it shouldn’t show up when we’re losing. But the problem is we still chase our losses, so obviously something else is happening there.