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

[Emjay24]

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?

In your case you simply need a budget and discipline not to continue funding your casino when your initial deposit is depleted and withdrawing your wins instead of going loose. I overcame these in very simple but powerful steps

• Having a different account for my gambling activities
• Sending the budgeted funds to that account ASAP I get my inflow
• Only deposit from my gambling account
• Withdraw any tangible win I have secured on the casino to my main wallet and not the one meant for funding the casino

So when my balances are exhausted, I already know that it is the end of gambling until the next inflow and you cannot chase losses with a zero balance.

[Fivestar4everMVP]

I don't have target in gambling and just play in my free time. I am not thinks with the wins or losses I get. That is the risks that I will get in gambling.

I can stop gambling after winning because I have so many bad experienced about continue gambling after winning. The result makes me losses even I lost my win money.

I don't want to get the same experience so I hold myself from continuing gambling before something bad happens.

You should try to holds yourself and not follows your desire, not chasing or recovering your losses. If you wins, you must stops immediately before the situation change and makes you regret of your losses.

I agree that some times, it's very important we give ourselves a break from some activities, especially activities like gambling where there is a alot of risk of losing money when luck isnt on our side, especially again after winning since majority of gamblers have had that experience of starting to lose money immediately after experiencing a significant win and profit..

But it's also important we have this at the back of our minds that taking a break from gambling at that moment will only save us at the moment, and the reason why most gamblers take a break from gambling after winning is to allow them time to think on how to better invest that money so they don't waste it, if you take a break from gambling after winning a big amount, and then only for you to still squander same money on riotious living, then it makes no difference whether you had continued to gamble after the win.

[knowngunman]

That’s normal because most of us are not professional sports bettors. I guess the best we can do is just try to be responsible, since winning consistently is really hard, especially in the long run. We can agree that sports betting is probably the best option because we can use our own analysis, but that’s still just theory if we haven’t proven that we can actually win.

To start with, is there any thing like professional sports bettors? And who are the professional sports bettors if I may ask? I believe we've been in this game more than each other and of course, the experience we have is not the same but is there anyone who can boast of being professional in this game? Being professional means being skillful and expert in betting and by that expert, I expect you not to lose money anymore. But in the long run, we all lose money at a time. So I wonder what being professional means in this aspect if you can still lose money.

[yixichloro2xx]

No matter the kind of experience a person has , you will always be bound to lose. Gambling isn't like Forex where if you have a good strategy and good experience you will be profitable. Trading works with analysis. But Gambling is based on luck and luck doesn't need experience. Even if you have been gambling for years id you calculate your win versus your lose, you will see that your lose is larger. So what lesson or experience can you gain from gambling. There's no why you can be a professional in gambling. The main thing is that you shouldn't be addicted to it , in the sense that you will now start to use the money that meant to solve your daily needs to gamble. That's what we should avoid.

[Olatundespo]

This is what happens in gambling, as you said. These two things are mandatory and it is difficult for every gambler to control himself at this time. If you analysis the experience of every gambler, they will almost all make the same comments. Analysis of the teams while betting can influence the results of the gambler. Many experienced gamblers reflect their experience in gambling very little in winning or losing.
I maintain patience at any stage of winning or losing while gambling and do not allocate extra time to gambling. Also I control excess losses by managing my bankroll.

[freedomgo]

Also I control excess losses by managing my bankroll.

It’s easier said than done, to be honest.
For bankroll management to really work, it has to be a decent amount. Otherwise, for me, I wouldn’t even call it a bankroll.

I love to gamble, and when I’m just doing it for fun, I don’t really think about strict rules. Like if I have $100 to spend today, I already tell myself I’ll stop only when I either multiply it or lose it all. I’m not really into that “bet only 2%” style, because for me there’s no thrill in that with a small bankroll, It feels too slow and boring.

[Odusko]

I feel like having strategies is necessary but at the same time it takes the fun out of everything, personally I find it stressful but I cannot always expect to get lucky, relying on luck everytime isn't really advisable that's why I try as much as possible to reduce the risks sometimes. Although this doesn't control the outcome of the game it just helps to make the right decisions a lot of times, it doesn't mean it is a hundred percent.

If you find gambling strategies stressful and taking away the fun from gambling, then you are at bug risk, since you should already know that in gambling you can never win over the house, what that means in clear terms is that gambling is a game of more loses than winning which makes you as a gambler very vulnerable in gambling, so what can safe you is your strategy and decipline, having a budget and following through with it is very important.

[sompitonov]

I feel like having strategies is necessary but at the same time it takes the fun out of everything, personally I find it stressful but I cannot always expect to get lucky, relying on luck everytime isn't really advisable that's why I try as much as possible to reduce the risks sometimes. Although this doesn't control the outcome of the game it just helps to make the right decisions a lot of times, it doesn't mean it is a hundred percent.

If you find gambling strategies stressful and taking away the fun from gambling, then you are at bug risk, since you should already know that in gambling you can never win over the house, what that means in clear terms is that gambling is a game of more loses than winning which makes you as a gambler very vulnerable in gambling, so what can safe you is your strategy and decipline, having a budget and following through with it is very important.

However, experience doesn't guarantee anything. Even if a player has been playing for 10 years or more, it's not particularly important. What matters is how well they understand how to grow, move forward, and learn new things, as well as how they understand and perceive information. Of course, there are more losses than wins, but this means that we as players must strive to be more resilient to emotional shocks and losses. Without a commitment to development, not only in gambling but in any endeavor, pressing one button or doing the same thing over and over again won't yield results.

[Pandu Geddon]

This is what happens in gambling, as you said. These two things are mandatory and it is difficult for every gambler to control himself at this time. If you analysis the experience of every gambler, they will almost all make the same comments. Analysis of the teams while betting can influence the results of the gambler. Many experienced gamblers reflect their experience in gambling very little in winning or losing.
I maintain patience at any stage of winning or losing while gambling and do not allocate extra time to gambling. Also I control excess losses by managing my bankroll.

Setting limits on bankroll and gambling time is also good for self-control to avoid overdoing it. Sometimes the gambler's mistake actually lies in not feeling grateful or satisfied with the wins they have already achieved. Because small wins are not satisfying, gamblers always continue playing and betting. The result is losing everything. I think all gamblers experience this problem, and it happens several times in their gambling experiences.

[coin-investor]

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.

Nothing wrong here, we are just human, where emotions play a bigger factor in our actions than logic. We promise ourselves what we will do, but end up doing the opposite because it's just words and not really coming from the heart.

For us to change our action we have to think and visualize ourselves doing what we will do, and let our emotions of what we want to achieve control what we will do while we gamble.

[Versatile_choice]

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

The only plan I feel is necessary in your list is just the number two that says amount per stake as for the loss I think one loss is enough to call it a day you don't necessarily need to wait until you experience 3-4 losses before going for a break. As for the profit aspect, you should know that gambling is not like that of business or Investment that you can easily set target about how much profit you will make, gambling is a game of luck so it's better you play without having a target profit and just leave everything for luck rather than making unrealistic expectations.

[Orpichukwu]

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

Those things actually do matter to me, but one challenge which I believe most people also experience is the action immediately after winning. We might have a defined winning target set, but once it's been met at a goal, it's never easy to just quit and leave the casino. We are always triggered to try again to see if something bigger than that can be won. I always do that. What I try so hard not to do is increase my wager limit per game, which eats up bankroll so fast, more than anything.

[Joeboy]

Experience could help reduce the level of losses incurred by gamblers, but one thing that is clear is that experience doesn't make anyone immune to lose.. Even if you had strictly followed the basic rules that you listed, that wouldn't make you an everyday and constant winner. Now speaking about the basic rule, particularly the aspect of being greedy at some point, and trying to recover your losses, I could say that it is quite normal and in our nature as the human beings we are.. Experience could make you reduce that habit, but then it cannot make you to completely avoid it... That is why what matter is our early realization of that habit and then avoiding it( even though that temporal), before it gets us into more losses than we bargained for..

[Hardyrobust]

.

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

yes the things you listed above do matters. It is good to have an understanding of the things you listed to avoid mistakes. There are people that makes the mistakes of using more than what they can afford to lose to gamble believing that they are going to win. When it happens they didn't win they will trapped with the option of chasing after loss.
Targeting profit to me doesn't matter, it will only leads to chasing after losses since we have a targeted profit. While trying to meet this target may end to chasing of loses and even end up in more loses because we want to hit a targeted profit.

[hedgeh0g]

Experience could help reduce the level of losses incurred by gamblers, but one thing that is clear is that experience doesn't make anyone immune to lose.. Even if you had strictly followed the basic rules that you listed, that wouldn't make you an everyday and constant winner. Now speaking about the basic rule, particularly the aspect of being greedy at some point, and trying to recover your losses, I could say that it is quite normal and in our nature as the human beings we are.. Experience could make you reduce that habit, but then it cannot make you to completely avoid it... That is why what matter is our early realization of that habit and then avoiding it( even though that temporal), before it gets us into more losses than we bargained for..

With gambling, you can simply expect what happened in the past, based on our experience, and I'm not going to rely on that because I know you can't control luck and we simply can't predict how our bets will play out. In any case, I would try to manage risk a little more responsibly and also limit my time so that gambling doesn't have too much of an impact on my life. A beginner can do this too, but the main thing is that it will likely be more difficult for them than for me, who's been playing for several years and understands many things, and has been improving myself all this time.

[Wakate]

To start with, is there any thing like professional sports bettors? And who are the professional sports bettors if I may ask? I believe we've been in this game more than each other and of course, the experience we have is not the same but is there anyone who can boast of being professional in this game? Being professional means being skillful and expert in betting and by that expert, I expect you not to lose money anymore. But in the long run, we all lose money at a time. So I wonder what being professional means in this aspect if you can still lose money.

You need to understand that whether you are gambling on a skilled base games or luck base, you will still need luck to become a long term profitable gambler. Gambling should be profitable for those that know what they are doing without adding urgency to gambling and greed. Casinos are the ones making the money while gamblers are making little amount without any assurance.

[Rockson1]

You need to understand that whether you are gambling on a skilled base games or luck base, you will still need luck to become a long term profitable gambler. Gambling should be profitable for those that know what they are doing without adding urgency to gambling and greed. Casinos are the ones making the money while gamblers are making little amount without any assurance.

Sometimes when I come across somethings people say about gambling, it seem to that they may not have a good idea on what to expect in gambling, luck is very much needed for every gambler to win, greed is one of the major concern that gamblers should beware of,  although greed works in different way, I could remember how much I lost in the last few weeks just because Idid not want to cash out my bet that I even betted with small amount, the cash swell to a very substantial amount but I was tempted to allow the game to end as a result of greed at the end I lost, I regretted my actions.

[DPHOR]

Replying from the title '_'..
I must tell you the truth about why people keep losing money even after Many years experience while gambling.
The reason is, most do want it big, they don't want it small so therefore; you would see them accumulating higher amounts of games in a single slip just for them to win the amount they wanted to win, in all it's called greed, and of course anyone who can control greed can actually win gradually and even though their winning ratios is not that high they can actually win 2 time per month or weeks.
So, to keep winning in gambling you need to take it easily and do not put your hope over there as the only source of income otherwise you would be that tensed or pressured whenever you are losing.

[Odusko]

However, experience doesn't guarantee anything. Even if a player has been playing for 10 years or more, it's not particularly important. What matters is how well they understand how to grow, move forward, and learn new things, as well as how they understand and perceive information. Of course, there are more losses than wins, but this means that we as players must strive to be more resilient to emotional shocks and losses. Without a commitment to development, not only in gambling but in any endeavor, pressing one button or doing the same thing over and over again won't yield results.

Experience sometimes can even lead one to losing because of overconfident in the game because of your experience, this is what most people don't understand, gambling is not about experience or expertise but most time gambling winnings come from luck and combination of experience of skills but their place in winning is somewhat very low compared to how gamblers have to depend on luck when gambling.

[Showlove01]

To start with, is there any thing like professional sports bettors? And who are the professional sports bettors if I may ask? I believe we've been in this game more than each other and of course, the experience we have is not the same but is there anyone who can boast of being professional in this game? Being professional means being skillful and expert in betting and by that expert, I expect you not to lose money anymore. But in the long run, we all lose money at a time. So I wonder what being professional means in this aspect if you can still lose money.

You need to understand that whether you are gambling on a skilled base games or luck base, you will still need luck to become a long term profitable gambler. Gambling should be profitable for those that know what they are doing without adding urgency to gambling and greed. Casinos are the ones making the money while gamblers are making little amount without any assurance.

You are absolutely correct, luck is very necessary in gambling and it helps us to win or make profit even when we least expect it, I can remember how many times I have played a game and it was cutting and then at the dieing minute the game turn to my favor even when I have given up in that game and I logged out my account because I concluded nothing can be done again that the game has cut but I was shocked when a friend told me the game played because I showed him the game that was remaining but in skill based games we don't really need luck like normal sports bet.