Why I keep losing in gambling, even after years of experience

[Africolo]

Based on my experience, the main reason why I lose money, whether in sports betting or other games, is simple... I don’t really have a clear plan before I start gambling.

When I say “plan,” I mean these basic things:

• Target profit, how much I want to win
• Amount per stake
• Maximum loss before I stop

These are very basic rules, everyone knows them. But honestly, even after years of gambling, I still fail to follow them most of the time.

Once I start winning, I get greedy and increase my bets.
Once I start losing, I try to chase and recover.
In the end, both usually lead to losing more.

So I’m curious… Do these things really matter to you?

Common, this question and analysis of winning is a bit funny because one's years of gambling don't determine your win rate nor doesn't mean you won't loose, there is no perfect plan nor a professional when it comes to gambling as it is a game of luck and the chances of you winning is slim, none has really mastered gambling as a craft and no matter how knowledgeable you can be with numbers and figures it still don't determine winnings, loosing is normal and every gambler experiences it.

I keep telling people not to chase looses because the more you do the more you get carried away and encounter more looses in bid of winning to recover what you have spent so far, no one has ever testify that he recovers all he or she has lost so we should stop chasing looses and bet a normal game if you are lucky to win you celebrate and if you don't win you accept your faith than chasing looses because you can never recover it. Just stay disciplined and stick to your budgets and never allow greed over shadow you.

[Anayochukwu]

Based on my experience, the main reason why I lose money, whether in sports betting or other games, is simple... I don’t really have a clear plan before I start gambling.

When I say “plan,” I mean these basic things:

• Target profit, how much I want to win
• Amount per stake
• Maximum loss before I stop

These are very basic rules, everyone knows them. But honestly, even after years of gambling, I still fail to follow them most of the time.

Once I start winning, I get greedy and increase my bets.
Once I start losing, I try to chase and recover.
In the end, both usually lead to losing more.

So I’m curious… Do these things really matter to you?

There's nothing like experience in gambling unless you are talking about something else because gambling is all about luck. If you want to enjoy the game without losing much then you need to remove your mind from winning and focus on the fun because it's obvious that no one has the power to change the outcome of the game. To be honest I don't know why most gamblers are still looking forward for more winnings in gambling it is better to be contented regardless any amount and know that gambling involves losses and not going against your limit.

[Agbe]

TBH, I always have some expectation that I will lose my depo, so it makes things easier. I mean, it's gambling so there's always a good chance we will lose no matter the experience.

I do have some personal rules though, because I don't want to overspend which can be so tempting LOL. For instance, I try to avoid redepositing after rinsing my first deposit—I don't want to chase my loss. My gamba budget depends on how much I can afford to lose and spare for the month. Sometimes, IRL is hectic with bills and whatnot, so I don't gamba at all.

This is the best way to gamble, you must always expect the best and still prepare for the worst, this helps you deal with losses easier. The reason why a lot of people end up chasing losses is because they find it hard to accept them and this is how they start trying t9 avert their losses and end up making it worse. Having a budget like you mentioned is another way to help gamblers avoid chasing.

[dunfida]

Based on my experience, the main reason why I lose money, whether in sports betting or other games, is simple... I don’t really have a clear plan before I start gambling.

In gambling, luck is the major factor to win. Hence, regardless of having plan or not when you gamble, as long as you're luck then you'll win. Years of experience is not the basis to say you'll now a profitable gambler since you know how it works. Having a plan and strategy might be an advantage, but self-control is more crucial. This is the key to limit yourself on when to stop if you win/lose.

Exactly. Years of experience in gambling means absolutely nothing as the only thing you need to win is luck if we are referring to games of luck like slot machines. If not and for example we are referring to playing poker in my opinion in this case experience is valuable and truly matters a lot as each lost hand in the game teaches you a lesson and if you keep these lessons in a notebook I am sure it will help a lot in upcoming challenges when you keep your notebook open as long as you play. I have seen great improvement in my skills after taking notes as I have seen more winning hands than losing ones lately.

On the moment that you would be doing gambling then you sohuld be anticipating already that losing do really wait next in line. There's no way that you can be sustainable or someone that do make money constantly with it or making a living with it. It would be just that so wrong if someone would be trying out to deal up with it just because they do have that mentality that they do have the advantage. Lets say that we are talking about years of experience but still you do keep on losing in gambling. Well, losing is inevitable but what matter most on here is that are you spending into the amount that you can afford to lose or simply you havent still affected out your finances on which this is the usual thing that would be having such negative impact once you do find yourself having no control when it comes to spending up money into it.

Experience do only counts when you do make up some sports betting on which this could be bet on using up with experience where you can have that better winning chance but still not would be giving out assurance about sure win on which its normal but having experience does have that kind of advantage, but all of these things arent that applicable on gambling casinos.

[Proty]

TBH, I always have some expectation that I will lose my depo, so it makes things easier. I mean, it's gambling so there's always a good chance we will lose no matter the experience.

I do have some personal rules though, because I don't want to overspend which can be so tempting LOL. For instance, I try to avoid redepositing after rinsing my first deposit—I don't want to chase my loss. My gamba budget depends on how much I can afford to lose and spare for the month. Sometimes, IRL is hectic with bills and whatnot, so I don't gamba at all.

This is the best way to gamble, you must always expect the best and still prepare for the worst, this helps you deal with losses easier. The reason why a lot of people end up chasing losses is because they find it hard to accept them and this is how they start trying t9 avert their losses and end up making it worse. Having a budget like you mentioned is another way to help gamblers avoid chasing.

Gambler should always see gambling as a game of luck, at least with this understanding they won't feel disappointed if it happens things didn't turn out the way they expected it.
This mindset will make some gambler to set a limit and to gamble with only what they can afford to lose. It is true, people with wrong mindset about gambling hardly accept losses they often chase after losses because they were only expecting one outcome which is to win.

[Big Dirams]

This is the best way to gamble, you must always expect the best and still prepare for the worst, this helps you deal with losses easier. The reason why a lot of people end up chasing losses is because they find it hard to accept them and this is how they start trying t9 avert their losses and end up making it worse. Having a budget like you mentioned is another way to help gamblers avoid chasing.

You right though, having or budgeting funds for gambling is a responsible way one can make progress in gambling  and also reduce the losses and risk one face. I don’t see the reason why many gamblers finds it difficult to accept loses when they are fully aware that gambling is filled with high risk and it is not a guaranteed activity that always profits one.
  As a gambler one should expect loss and accept loss because it is inevitable and we can’t hide from it and when we faces such loss one should accept the challenges and drawbacks and avoid to chase after the loss because we might end up losing so much.

[imthegreat]

This is the best way to gamble, you must always expect the best and still prepare for the worst, this helps you deal with losses easier. The reason why a lot of people end up chasing losses is because they find it hard to accept them and this is how they start trying t9 avert their losses and end up making it worse. Having a budget like you mentioned is another way to help gamblers avoid chasing.

You right though, having or budgeting funds for gambling is a responsible way one can make progress in gambling  and also reduce the losses and risk one face. I don’t see the reason why many gamblers finds it difficult to accept loses when they are fully aware that gambling is filled with high risk and it is not a guaranteed activity that always profits one.
  As a gambler one should expect loss and accept loss because it is inevitable and we can’t hide from it and when we faces such loss one should accept the challenges and drawbacks and avoid to chase after the loss because we might end up losing so much.

A good gambler always understands all the risks perfectly when launching an online casino website. He should immediately understand a couple of scenarios: the worst that can happen now and the good itself. I mean, if he loses, he should take it easy. He must understand that this money is not his last money and that his bills will be paid and the food will be bought. And if he wins, then he should also think about this situation in advance. because this is also a very important test - I mean, if a gambler is not ready to receive a lot of money, it can break his self-control like a dry branch.

[danadc]

I'm just coming out of days of losing streak, more than two weeks of steady losses if I'm mot mistaken. The most painful part is that the games I trust the most have been the ones spoiling my ticket and what saved me was that I have ran low on funds and I was also able to manage my risk properly. Today is the first time I'm recording some winnings as I played England amateur league and I hope the days of pain have ended for real. Losing bet does not care about how many years of being in the business, it is part of the process.

I'm so glad you're coming out of a bad streak and are now winning, that's fantastic. What I can say is that you should only bet what you can afford to lose to have peace of mind. It's very bad to live with stress stress kills us, it's the worst thing that can happen, and the casino and gambling can fill us with stress That's what we can generate by playing well and with money only for gambling.

[Zigabel]

There's nothing like experience in gambling unless you are talking about something else because gambling is all about luck. If you want to enjoy the game without losing much then you need to remove your mind from winning and focus on the fun because it's obvious that no one has the power to change the outcome of the game. To be honest I don't know why most gamblers are still looking forward for more winnings in gambling it is better to be contented regardless any amount and know that gambling involves losses and not going against your limit.

This is your opinion and i sill not want to discard it completely but there are people who can tell you for sure how their experience has helped them get better with their gambling, so for such people who has got such experience, i am wondering how you will be able to convince them that it is all about lucky and never about their experience. i will not dispute the position of luck in gambling but at same time, let us not forget that experience has a part to play and that is why a novice and an experienced gambler cannot be gambling the same way as the experienced person will know how well to avoid certain mistakes and not make certain picks in certain leagues because they have had experience in that leagues for some time that there is a pattern in that league with some picks and an unaware novice can make such picks and continue loosing games.  

[Mr_Brilliant$]

TBH, I always have some expectation that I will lose my depo, so it makes things easier. I mean, it's gambling so there's always a good chance we will lose no matter the experience.

I do have some personal rules though, because I don't want to overspend which can be so tempting LOL. For instance, I try to avoid redepositing after rinsing my first deposit—I don't want to chase my loss. My gamba budget depends on how much I can afford to lose and spare for the month. Sometimes, IRL is hectic with bills and whatnot, so I don't gamba at all.

This is the best way to gamble, you must always expect the best and still prepare for the worst, this helps you deal with losses easier. The reason why a lot of people end up chasing losses is because they find it hard to accept them and this is how they start trying t9 avert their losses and end up making it worse. Having a budget like you mentioned is another way to help gamblers avoid chasing.

Hmm, I like how you put it, “expect the best and still prepare for the loss” this is just it. Because for sure it is very normal and necessary for us to be optimistic in everything we do..
But at the same time, we have to be also realistic that this is gambling and it deals with probability and uncertainty, so this uncertainty’s brings about we preparing and ready to accept any loss..

[Yamifoud]

When I gamble, I already accept that I may not win a big amount. Why am I still doing this despite the lower chance? Because I'm gambling not only for money but to enjoy life.

Let us accept the fact that gambling is a choice. We were never forced to do this. It is our willingness. Therefore, we don't have a reason to say why I lost and blame the casino. So don't get too mad when we lose. It is going to happen, really.

But if our main goal is to make money here. I'm afraid this might not happen.

[xenomorfo]

This is the best way to gamble, you must always expect the best and still prepare for the worst, this helps you deal with losses easier. The reason why a lot of people end up chasing losses is because they find it hard to accept them and this is how they start trying t9 avert their losses and end up making it worse. Having a budget like you mentioned is another way to help gamblers avoid chasing.

Great, I absolutely agree with you. You always have to expect the worst and if you expect the worst you won't play much, because in the end you know very well that you need luck and that above all it's a game. So one plays, tries, spends time, that's ultimately the aim. There are no other purposes of gambling other than to pass the time.

[Ever-young]

Hmm, I like how you put it, “expect the best and still prepare for the loss” this is just it. Because for sure it is very normal and necessary for us to be optimistic in everything we do..
But at the same time, we have to be also realistic that this is gambling and it deals with probability and uncertainty, so this uncertainty’s brings about we preparing and ready to accept any loss..

That’s right.
We don t win in gambling because we really wanna win but because we got lucky and not even because our skills and strategies are just too damn good. The sooner we all realize this the better for us all. The problem with most gamblers is that they’ve not yet accepted the fact that losses are part of the game and that it’s inevitable, so when they lose, they’re angry and disappointed, which is why they try as much possible to get it back because they didn’t expect they were gonna lose. When you expect something, you’re barely disappointed or surprised when that thing happens.

[sompitonov]

When I gamble, I already accept that I may not win a big amount. Why am I still doing this despite the lower chance? Because I'm gambling not only for money but to enjoy life.

Let us accept the fact that gambling is a choice. We were never forced to do this. It is our willingness. Therefore, we don't have a reason to say why I lost and blame the casino. So don't get too mad when we lose. It is going to happen, really.

But if our main goal is to make money here. I'm afraid this might not happen.

I also think that many who strive to win big may ultimately fail to achieve it because it's extremely difficult. Of course, many imagine how they'll become professionals, but the reality is that, while achieving this, a player could simply lose all their savings and achieve absolutely nothing. The most interesting thing is that until a player tests it for themselves, they won't understand how to truly act. Statistics simply show that there are far more losing players than winning ones, and we must understand for ourselves how exactly and what skills make us better than others.

[verdinio]

There's nothing like experience in gambling unless you are talking about something else because gambling is all about luck. If you want to enjoy the game without losing much then you need to remove your mind from winning and focus on the fun because it's obvious that no one has the power to change the outcome of the game. To be honest I don't know why most gamblers are still looking forward for more winnings in gambling it is better to be contented regardless any amount and know that gambling involves losses and not going against your limit.

I totally agree, in fact gambling does not require any particular skill other than that of recklessness which is lacking when it comes to managing one's finances and not playing too much with the risk of losing everything, so this thing ultimately needs to be managed otherwise one risks ending badly.

[Porfirii]

There's nothing like experience in gambling unless you are talking about something else because gambling is all about luck. If you want to enjoy the game without losing much then you need to remove your mind from winning and focus on the fun because it's obvious that no one has the power to change the outcome of the game. To be honest I don't know why most gamblers are still looking forward for more winnings in gambling it is better to be contented regardless any amount and know that gambling involves losses and not going against your limit.

I totally agree, in fact gambling does not require any particular skill other than that of recklessness which is lacking when it comes to managing one's finances and not playing too much with the risk of losing everything, so this thing ultimately needs to be managed otherwise one risks ending badly.

I agree but only with games based 100% on pure luck. With others one should modulate expectations with the skills or experience gained through the years, although there will always be an inherent randomness.

In addition, managing not only your finances but also your emotions to make better decisions is not easy, and most of the times also deserves experience, because no one learns from another's mistakes, and there is no better teacher than having lost The money you had worked so hard to earn because of a bad decision.

[hedgeh0g]

I also think that many who strive to win big may ultimately fail to achieve it because it's extremely difficult. Of course, many imagine how they'll become professionals, but the reality is that, while achieving this, a player could simply lose all their savings and achieve absolutely nothing. The most interesting thing is that until a player tests it for themselves, they won't understand how to truly act. Statistics simply show that there are far more losing players than winning ones, and we must understand for ourselves how exactly and what skills make us better than others.

Players who've been playing for years simply don't understand that simply playing by intuition won't get them anywhere, because they're relying on luck and relying on it, which is completely devoid of logic and rational play. This can go on for years, after which the player might not even understand what exactly they're doing wrong. It's important to try different approaches, observe the professionals, and perhaps notice what they're doing that we haven't yet learned to apply to our own game. That's what's important.

[panjul07]

Basically it is experienced by most gamblers including me myself, but I can learn from my own mistake so I do not do it too much.
The one that kills your own rules is yourself especially your own greed, so the key is that beside you have set your own basic rules then you should also have good control of your own greed.
Now that you have realized that you have done it for years but you still keep on doing the same, then it is clear that the problem is your greed.
So you have to start in controlling your greed better than before.

[Mpamaegbu]

So I’m curious… Do these things really matter to you?

Yes, those things matter. While I agree that gambling is a luck based thing, I also believe that self discipline is highly important in gambling. The three bullet points you listed are stuff that can be taken care of with self discipline. Just like in every faucets of life, self discipline is very important in whatever we do. Every gambler should know when to take a brake and also stick to it. It's the same way their bets should be planned ahead before they start betting. Otherwise, they will mess up their time and resources and then achieve little or nothing.

[knuckey]

For me, these two things are very important, and these two things are also very difficult to obey, even people who have gone bankrupt because of gambling can do it again because of a lack of self-discipline, the only way is to stop gambling and clearly that will be impossible because in this day and age gambling is not just entertainment but has become a hobby