Do you also count the potential win as a loss when you gamble?

[TheUltraElite]

You are thinking like that and someone out there will be thinking the next bet I need to get back the entire 190$ and double it as well. So they will take another riskier bet with a point to try to make even more money.

At least you are sensible enough to stop after the first loss such that you control your next bet or not play again.

Of course it hurts seeing a potential win lost, but you have to see that the money was never really yours to start with. You just had 100$ in pocket at start.

[IvugeoEvolutionCoin]

Is anyone else like this?
Do you only focus on the stake, or do you also factor in the potential win when deciding whether a bet is worth it?

I always keep an eye on the stakes. Because how much I won and how much I will win will be only an initial thought for me. The final result will be what I can withdraw. If I bet $100 and win $200 and roll it over to $1000, that amount of money will not be considered as my profit if I use it to gamble and lose. So I just like to gamble and calculate how much money I won and how much money I lost, I don't push myself to increase the excitement of my gambling. But yes, I try to stop gambling and withdraw my winnings.

I agree with you. My primary emphasis is on the stake, not the potential winnings because only money that I am allowed to withdraw is real profit. Seizing up winnings in larger amounts to roll over, and lose all of them would be an experience that illustrates playing with fake money. I maintain records of what I win and lose, never go out in search of excitement and I make it my business to get my winnings back instead of letting it run.

[maydna]

Is anyone else like this?
Do you only focus on the stake, or do you also factor in the potential win when deciding whether a bet is worth it?

I always keep an eye on the stakes. Because how much I won and how much I will win will be only an initial thought for me. The final result will be what I can withdraw. If I bet $100 and win $200 and roll it over to $1000, that amount of money will not be considered as my profit if I use it to gamble and lose. So I just like to gamble and calculate how much money I won and how much money I lost, I don't push myself to increase the excitement of my gambling. But yes, I try to stop gambling and withdraw my winnings.

I agree with you. My primary emphasis is on the stake, not the potential winnings because only money that I am allowed to withdraw is real profit. Seizing up winnings in larger amounts to roll over, and lose all of them would be an experience that illustrates playing with fake money. I maintain records of what I win and lose, never go out in search of excitement and I make it my business to get my winnings back instead of letting it run.

Both of you are right. We can't makes ourselves gets trouble by using more than we can afford. We don't have to push ourselves to increase the excitement because that will makes us in difficult situation. We will difficult to stop gambling because something inside us will keep telling to continue gambling.

If we care to our stake, we will think to avoid the big lost. We don't chase the win or seeking for the excitement but we just have fun in gambling. If we think it's enough to have fun, we will stops gambling easily.

[Reatim]

I actually think this way too, I think a little differently. I won all the money I deposited last month and couldn't withdraw it because I lost again. Then I see that as a complete loss. In fact, this is how many gamblers think. On the other hand, gamblers calculate their losses and after some time forget about it and start gambling again by depositing money. So these thoughts come to the gamblers' minds for a short time, and when they have money in their hands again, they forget about them again.

those gamblers who don't forget what they have lost will either go harder in gambling the next time to win it all back again or never return to gambling again because they learned their lesson and will not want to risk their money again

[Achalugo BTC]

I don't count any money that I haven't win as my own therefore, if I lose my bet, I only feel bad towards my real bet and not about the potential wins. I have a friend who always take his potential win as his actual loss, it doesn't make sense to me.

It's these set of people who feel that their potential win was what they lost are the ones that can start calculating what to buy with their potential win when they haven't win their bet yet.

Exactly,  as far as its gambling, one should be realistic about it because no matter how anything,  gambling will always be gambling and having the mindset that its based on luck and chance, helps one to approach gambling with a mindset, that its not going to add any value in their lives, if approach wrongly.
That is why people are encouraged to gambling responsibly because gambling is not designed to be a place where one can get rich through it or where one can be doubling money but to be place where one can be having fun through it and having that mindset makes or gives one the stress free from being affected mentally, financially and emotionally.

[Dr.Bitcoin_Strange]

snip

I imagine I place a bet with just $5 and it's on one of this parleys that often has up to 15 legs with odds running into 5k to 10k, 5x5k odd is potential $25k, now I imagine I lost the bet and go about telling people I lost $25,000 on a bet when I don't even look like someone who has ever seen $1k, people are just going to look at me as someone who is stupid, makes absolutely no sense and this is another version of living a fake life which many of us preach against.

Exactly, this is a great example for such event, if you publicly tell someone that you lost such amounts, they will see you or me if I was the one that did that, they will see us as people that are not even knowledgeable in terms of sports betting because if we do, we won't be saying we lost a potential win amount that was never ours.

[MRY]

snip

I imagine I place a bet with just $5 and it's on one of this parleys that often has up to 15 legs with odds running into 5k to 10k, 5x5k odd is potential $25k, now I imagine I lost the bet and go about telling people I lost $25,000 on a bet when I don't even look like someone who has ever seen $1k, people are just going to look at me as someone who is stupid, makes absolutely no sense and this is another version of living a fake life which many of us preach against.

Exactly, this is a great example for such event, if you publicly tell someone that you lost such amounts, they will see you or me if I was the one that did that, they will see us as people that are not even knowledgeable in terms of sports betting because if we do, we won't be saying we lost a potential win amount that was never ours.

Your analysis is good since knowledge on how to differentiate between what is really being lost and what is that which can be won is a sign of tactical maturity. Owning up money which has not been earned is an aspect of cognitive bias which undermins one professionally in the eyes of the society. I also concur that it is also essential to adopt an objective attitude in life and avoid getting emotional because when it comes to sports betting, one needs to have a calm mind and clearly understand the concept of risk management.

[pawanjain]

I'll be brutally honest. That sounds ridiculous and stupid. You might be wondering why ?
If you place a bet of $10 with the odds of 10x it would mean you would win $100 if you win.
But in this case if you lose the bet you will consider as if you lost $100 and that is ridiculous because there is a huge difference between losing $10 and $100.
Lets just multiply the odds to 100x. Would you consider this as if you are losing $1000 ? Sounds stupid right ?
I don't mean to be rude but there's no point in thinking this way.

I think OP is actually aware of what he’s doing. Sometimes when we gamble, we kind of accept being “stupid” just to condition our mind in a way we believe might help us.

What he’s doing looks like he’s convincing himself that he lost more than he actually did, maybe to push his mind to work harder and somehow improve his chances next time.
But at the end of the day, that’s just mental conditioning. It might work for some people, but not everyone thinks or reacts the same way.

Yeah, I mean I get that mindset but that won't help in anyway is what I was trying to say.
As I mentioned earlier, if the betting odds are 100x we can't make our mind think that we have lost $1000 for a bet of $10.
Yes, we have to train our mind to control our risks and that's a good thing but we should try to portray it in a different way.

[ScamViruS]

~~~

those gamblers who don't forget what they have lost will either go harder in gambling the next time to win it all back again or never return to gambling again because they learned their lesson and will not want to risk their money again

Only the hard lessons of the past can lead one in the right direction, because the lessons people learn by losing money are not easily learned anywhere else. Therefore, gamblers who value past learning and have an understanding of money management will be able to keep that money in the right safe place after winning big. We all have hard past lessons, and only those who give importance to them will be the real winners in the end.

[Judith87403]

I do not think you are alone in this. You just described something that is common and has been named in behavioral finance: some person mentally own the potential win even before it gets to happen. If the bet loses, the brain treats such missed upside as a loss that is real, even when just the stake actually was at risk.

Such mindset may cut in both ways. It may force you to be analytical and selective the more, and that is good. Yet it may as well distort your judgement by making losses to feel bigger than they really are and wins may feel deserved already.

Bettors who are disciplined attempt to focus sternly on worth and size of stake that is expected, instead of imagined winnings. The potential payout matters for worth, yet counting it as yours emotionally even before the result is out normally adds unnecessary pressure.

[bakasabo]

Lately I noticed something about how I think when I place bets.
Aside from the actual stake, I also mentally count the possible winning as something I’m losing if the bet fails.

For example, I bet $100 at odds 1.90.
The return should be $190, but when it loses, I don’t just feel like I lost $100. It feels like I lost the whole $190 that could have been mine.

Because of that mindset, I’ve become more serious with my bets, like I take more time to study and analyze before placing anything, since in my head the loss feels bigger than the actual amount at risk.

Is anyone else like this?
Do you only focus on the stake, or do you also factor in the potential win when deciding whether a bet is worth it?

Are the calculations really like this? I think you have forgotten to subtract house edge. But yes, I do calculate the approximate potential amount I would win. Who would not calculate winnings? Wont it be similar to random gambling or gambling without a plan. Gambling without a plan imo is a time killer. Regards losing $190 instead of $100, I dont count like that. I consider only my bet. I have a bit different notice - I place round bets or bets that it will be easier to calculate potential win. Like 5-10-25-50-100 dollars. I usually dont place bet with more than 2.00 odds, so its easy to do x2.

[hedgeh0g]

I do not think you are alone in this. You just described something that is common and has been named in behavioral finance: some person mentally own the potential win even before it gets to happen. If the bet loses, the brain treats such missed upside as a loss that is real, even when just the stake actually was at risk.

Such mindset may cut in both ways. It may force you to be analytical and selective the more, and that is good. Yet it may as well distort your judgement by making losses to feel bigger than they really are and wins may feel deserved already.

Bettors who are disciplined attempt to focus sternly on worth and size of stake that is expected, instead of imagined winnings. The potential payout matters for worth, yet counting it as yours emotionally even before the result is out normally adds unnecessary pressure.

I also believe that we shouldn't overexert ourselves or believe we'll get lucky and win, which we'll only spend in our heads. I also like to watch professionals think about their expected profits because they've developed a high-level strategy and simply play as much as possible to make them a reality. I'm saying that many players dream of the jackpot and spend it in their heads when they need to focus on completely different things, like strict self-discipline, without which there will be no winnings.

[panjul07]

No matter how big our potential win is, what we lost is what we stake only because "potential win" is still not our money.
I dont count potential winning as a loss and I think it is dangerous to have such a mindset because it may trigger you to bet more in the next bet because you think that you have lose more than the actual one.
You should stop thinking like this unless it does not affect your next bets but I believe it does affect your next bets.

[AmaGold70]

Lately I noticed something about how I think when I place bets.
Aside from the actual stake, I also mentally count the possible winning as something I’m losing if the bet fails.

For example, I bet $100 at odds 1.90.
The return should be $190, but when it loses, I don’t just feel like I lost $100. It feels like I lost the whole $190 that could have been mine.

Because of that mindset, I’ve become more serious with my bets, like I take more time to study and analyze before placing anything, since in my head the loss feels bigger than the actual amount at risk.

Is anyone else like this?
Do you only focus on the stake, or do you also factor in the potential win when deciding whether a bet is worth it?

Harbouring such mindset could make you start chasing losses and the best way is to focus on the money you used to bet and also prepare your mind for a possible loss too, you are human and it's normal to calculate your possible winning amount and see it as yours even though you haven't won it yet. You may bet with $200 and expecting thrice the amount but have it in mind that the only money you will lose if the game fails is your $200 that you used to bet so I focus more on that and you should do that too but you are not the only one that has such mindset though.

[gunhell16]

You are thinking like that and someone out there will be thinking the next bet I need to get back the entire 190$ and double it as well. So they will take another riskier bet with a point to try to make even more money.

At least you are sensible enough to stop after the first loss such that you control your next bet or not play again.

Of course it hurts seeing a potential win lost, but you have to see that the money was never really yours to start with. You just had 100$ in pocket at start.

To be frank, whenever I play, I always look for the minimum bet amount first, especially with slot games. That’s my standard routine
in almost every casino I visit.

However, when it comes to sports betting, my wager depends on the teams playing. If I’m confident that a team has a clear winning advantage,
I’ll naturally increase my bet amount a bit more.

[Rabata]

Is anyone else like this?
Do you only focus on the stake, or do you also factor in the potential win when deciding whether a bet is worth it?

There are also differences in thinking among individuals. There are many who consider only their own money as a loss, that is, if they lose the amount they bet, they consider it a loss, while there are some who think that they have lost the amount they would have won in the bet. I think those who consider the potential stake as their own after placing a bet are fools. Their actions will definitely increase their mental stress. Moreover, in reality, a person who considers the potential win with his money as his own is wrong. I never think like that. Until the winning money is added to my wallet, I can never consider it my own.

[_BlackStar]

-snip-

There are also differences in thinking among individuals. There are many who consider only their own money as a loss, that is, if they lose the amount they bet, they consider it a loss, while there are some who think that they have lost the amount they would have won in the bet. I think those who consider the potential stake as their own after placing a bet are fools. Their actions will definitely increase their mental stress. Moreover, in reality, a person who considers the potential win with his money as his own is wrong. I never think like that. Until the winning money is added to my wallet, I can never consider it my own.

Your mindset is correct – the potential for victory doesn't necessarily mean winning, it's just a possibility that may or may not become a reality. At the very least, a win is considered real when the balance has increased - even if it hasn't been withdrawn to the wallet yet. There's no need to regret a loss over a potential win, because gambling is a game that still requires luck and there is no certainty in the end. Someone might win when trying their luck with small bets - then lose when they start betting with larger amounts.

[Lida93]

Because of that mindset, I’ve become more serious with my bets, like I take more time to study and analyze before placing anything, since in my head the loss feels bigger than the actual amount at risk.

Is anyone else like this?
Do you only focus on the stake, or do you also factor in the potential win when deciding whether a bet is worth it?

I don’t put the potential win into that much consideration, what I focus more is how much I’m able to risk in other to get a good result from my bet. What is not yet won is not mine, so I don’t count that as a potential win whatsoever when placing bets. This does not affects how I play my games or the need to take my game more serious or not, it has nothing to do with that since I’m always caution with my bets before placing them after strict analysis of the game. My focus is more on how much I’m wanting to risk than the amount I’m potentially going to win if everything goes well as placed on the bet.

Personally I place priority on the funds am staking on the bet before even taking into consideration the potential winning because to be honest what am losing is the money I stake with and not the potential winning. But I know some gamblers who are much pained by the potential win that was lost than what they used in staking, and I just resolve it that it hence they're betting with what they can afford to lose, then losing it tends to be nothing much than what the potential win could do for them if won.

[Crypto Library]

You are actually a little more serious about your betting that you will win and that is why you basically assume before placing the bet that you have won that bet and that is why when you lose the bet, you feel extra stress.
In my case, this is not the case, on the contrary, when I gamble, I usually do it with the smallest amount within my affordability and at the same time I am not mentally prepared in such a way that I will face losses most of the time and win very rarely.

[GiftedMAN]

I agree with you. My primary emphasis is on the stake, not the potential winnings because only money that I am allowed to withdraw is real profit. Seizing up winnings in larger amounts to roll over, and lose all of them would be an experience that illustrates playing with fake money. I maintain records of what I win and lose, never go out in search of excitement and I make it my business to get my winnings back instead of letting it run.

As it should right?
Sometimes, I just feel pity for folks who consider their potential wins as part of their wins and those who set certain targets that they need to reach first before their opt out. This makes them have these unrealistic expectations when they gamble, and like we already know, the reason why people get too disappointed is due to expectations not being met, and if there’s one thing we know about unrealistic expectations, it is that the chances of them being met are almost zero.