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

[Orpichukwu]

It's all very important, especially the loss limit, because if you don't apply a loss limit then you will definitely stop when all your money is gone, greed and the inability to accept defeat are indeed the perfect combination to make gamblers always end up losing even though they have initially managed to win, my advice to you is to try to be firm in the plan you have made because that is the only way.

Some people have a loss limit, and the loss limit is only set on their deposit. If they exhaust their deposit, they are done for the day, and it doesn't apply to when they win a game and want to increase the amount which they have won, and once they start losing, they don't care about their losing limit; they are always more focused on either trying to recover or trying to increase the balance. If that loss limit could also be applied to both the won amount, it will save some gamblers a lot.

[Onyeeze]

Welcome to the world of gambling, that only means that you are definitely gambling and losses are highly inevitable.

However, consistent losses only mean one thing, your urge towards gambling is uncontrollable and that you are weak enough not to manage yourself and your high emotions. Because if you only know how to control your greed and stick on your betting limits, losses are still there but you have full control to limit or minimize them.

in gambling you have to manage many things such as you are emotion and also greediness, so but the most important thing that are supposed to consider first in gambling is to know our limit and also have a budget to use for gambling all alone so that we are not going to cross our budget or a limit in gambling, there's something that we don't understand in gambling you don't need to be gambling without a target or gambling without limit it will really affect you when you consistently losing, so anyone who wants to gamble responsible, most have a limit and also a budget so that it will not affect his living whenever The Gambler lose

[SUPERSAIAN]

You need a plan in gambling or sports betting if you go completely without a plan, you can lose a lot of money. While most people are aware of what you're saying, actually following a plan is very difficult. Every day isn't the same, and our feelings aren't the same every day either. No matter how experienced you are, without discipline, it just doesn't work.

[SmartGold01]

You need a plan in gambling or sports betting if you go completely without a plan, you can lose a lot of money. While most people are aware of what you're saying, actually following a plan is very difficult. Every day isn't the same, and our feelings aren't the same every day either. No matter how experienced you are, without discipline, it just doesn't work.

Of course that is true and as a gambler it's good to always explore a new techniques that could be used to gamble, even though they already had a particular strategies. It's also called plan B or alternate B where if you keep using a particular way to gamble and it doesn't work perfectly, you could deployed the other way round and it may works. But in all, they need to be disciplined both in bankroll management and time they allocates to gamble, this attributes to the well-being and safety to how they would gamble responsibly.

[Fredomago]

It's all very important, especially the loss limit, because if you don't apply a loss limit then you will definitely stop when all your money is gone, greed and the inability to accept defeat are indeed the perfect combination to make gamblers always end up losing even though they have initially managed to win, my advice to you is to try to be firm in the plan you have made because that is the only way.

Some people have a loss limit, and the loss limit is only set on their deposit. If they exhaust their deposit, they are done for the day, and it doesn't apply to when they win a game and want to increase the amount which they have won, and once they start losing, they don't care about their losing limit; they are always more focused on either trying to recover or trying to increase the balance. If that loss limit could also be applied to both the won amount, it will save some gamblers a lot.

It's mostly the case with those gamblers who don't have any set limitation or also to those who can't handle their emotions, once they suffer from losses the usual reaction is to try to recover and with that behavior they near or endanger to become deeply engage and then become addicted, losing is part of the game, it's the risk that you need to accept though with experience you should also learn how to give up and stop your session when you already reached your set limitation.

[michellee]

That doesn't matter as I don't chasing the wins. But that may happens to you if you chase the wins. We may change the "usual thing" that we did before especially if we lose. That is normally to happens.

Play gambling should have a plan to minimize the big risks. You don't have making a target profit because that will not be easy to achieve. You can use the minimum bet amount because that will avoids you from big lose.

You must know when stopping gambling because if you don't do this, you may spends more without knowing the time to stops. If you wins, you must thinks to stop and press your greed not asking you continuing gambling.

[dwyane36]

It's mostly the case with those gamblers who don't have any set limitation or also to those who can't handle their emotions, once they suffer from losses the usual reaction is to try to recover and with that behavior they near or endanger to become deeply engage and then become addicted, losing is part of the game, it's the risk that you need to accept though with experience you should also learn how to give up and stop your session when you already reached your set limitation.

Some gamblers definitely learn from their mistakes, and the more experienced they become, the more disciplined they are when it comes to gambling. However, the same cannot be said about every experienced gambler. What I mean is that some people can gamble for years, but still have serious problems with discipline.

[BABY SHOES]

You are not alone dude, everyone here is gradually losing. The difference is, they don't mind them because losses are part of gambling.

When you gamble, you end up losing or winning, but we often lose than winning our bets. We get lucky at some point, but still we end up losing them all at once. Just accept the reality that when you gamble, losses do follow.

However, even responsible gamblers are losing as well but they have their own way to minimize their losses, and that's something we should focus more than trying to seek an answer why we often lose.

Must realize in gambling where we lose the game against the bookies.

Well... responsibility is important in gambling so as not to be overly aggressive, we are responsible for minimizing losses more in managing the bankroll, while for fixed wins this cannot be controlled.

I'm not always looking for answers as to why we lose.... It's just how this week's bankroll is depleted not much.

[Cryptmuster]

Some gamblers definitely learn from their mistakes, and the more experienced they become, the more disciplined they are when it comes to gambling. However, the same cannot be said about every experienced gambler. What I mean is that some people can gamble for years, but still have serious problems with discipline.

Because they believe they’re playing purely for entertainment and that it doesn’t require any serious approach including discipline, analysis, and other fundamental factors that influence results in gambling. I have a few acquaintances who might place a bet on their team in the evening just for fun, have a beer, and enjoy the match even though they know their team is weaker and could easily lose.

I think many players have the same mindset, they just want to place a bet, but they don’t want to dive deeply into the process that could actually lead to better results.

[danherbias07]

You need a plan in gambling or sports betting if you go completely without a plan, you can lose a lot of money. While most people are aware of what you're saying, actually following a plan is very difficult. Every day isn't the same, and our feelings aren't the same every day either. No matter how experienced you are, without discipline, it just doesn't work.

Super agree with this. A plan is what we needed. It should be in both money and time. We cannot just keep on playing the whole day and mess up all the work that must be done. Either our day job or the household chores, both should not be affected just because we want to gamble more.

Next to it is following our own plan. This is when discipline comes. Without it, we are just making fake plans, and we are just fooling ourselves into thinking that we do have a plan, but we are not strong enough to abide by it.

[rachael9385]

Experiences are not always effective in gambling but could only make you more sensitive to every game but its normal that having a plan can actually help with a more coordinated mindset and a set target. This would help keep your brain at alert to stop when you reach your set target, though discipline is also inclusive.

You are right, experiences cannot help you get lucky and it doesn't always give you give you leverage over the market, but like yoi said, having a plan  or strategy helps you avoid making unnecessary mistakes a lot of times. The most important thing about gambling is to practice risk management, you can be an experienced gambler and still end up incurring losses if you are not disciplined.

[Dr.Bitcoin_Strange]

Honestly, to follow those strict rules or plans in gambling and also in trading is kind of difficult to some people, it's just the nature of most people not to be able to follow the actual rules they have set for themselves, I try stick with my plans as well which usually helps me to be profitable but it's not all time I'm able to follow all those rules accordingly. If it's about managing my bankroll, I try as much as possible to do that. To set a winning amount might not work for me always because after winning, I might want to continue playing until I have lost a certain percentage of that money before I can stop.

[POPOLUV]

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?

To be honest with you, most times to much greediness is not good and on the other hands it is a common things that you can find within gamblers, these particular topic just reminded me when i set out a target on the amount and odd that i will staking every day, which i bet with $0.75 on 2.56 odd to win $1.49 every blessed day and some time i do win twice a day, i gamble with such strategy for months and i have not lost any day but till the day greediness came to me that the $1.49 I'm winning is too small for me and the moment i decided to top the odds to win a bigger amount, since then i have been experiencing lossing often than when i wasn't greedy to myself and choose to collecting for sports betting small small.

[EluguHcman]

Sorry for your continual losses but I must say... I first burst out laughing with the of the thread. Caption sounds like crying out loud with the experiences. Lol.

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

Okay I am understanding here that your major problem thereabouts is lack of management's of your gambling budgets whereas, you would be sustainable for your funds to serve you according to your stipulated duration which I believe consistency is also a medium for winning opportunities because gambling without proper plans could opt you out as quick as possible.

It is also necessary to adhere to stop loose and winning target because it helps to manage your bet risks without the implications of breeds.

[AmoreJaz]

Honestly, to follow those strict rules or plans in gambling and also in trading is kind of difficult to some people, it's just the nature of most people not to be able to follow the actual rules they have set for themselves, I try stick with my plans as well which usually helps me to be profitable but it's not all time I'm able to follow all those rules accordingly. If it's about managing my bankroll, I try as much as possible to do that. To set a winning amount might not work for me always because after winning, I might want to continue playing until I have lost a certain percentage of that money before I can stop.

It is innate to humans to not stop and chase those winnings. And this is gambling, losing will always be a part of this activity. Because if you won't stop even after you win, you won't really feel such winnings because sooner or later, you will lose those winnings as well. There's no number of years in gambling, where you can say - "after x years of spending my life in gambling, I am already in the winning stage".

[Wakate]

You need a plan in gambling or sports betting if you go completely without a plan, you can lose a lot of money. While most people are aware of what you're saying, actually following a plan is very difficult. Every day isn't the same, and our feelings aren't the same every day either. No matter how experienced you are, without discipline, it just doesn't work.

It is not easy to be making money from gambling consistently and that is why some people that like gambling but don't understand why it is so will always want to be complaining. There is no legit rule anywhere that emphasized that it is a must for gamblers to make money from gambling. If you are able to make profits today, that's your luck and that do not mean you are not going to lose money later.

[MRY]

You need a plan in gambling or sports betting if you go completely without a plan, you can lose a lot of money. While most people are aware of what you're saying, actually following a plan is very difficult. Every day isn't the same, and our feelings aren't the same every day either. No matter how experienced you are, without discipline, it just doesn't work.

It is not easy to be making money from gambling consistently and that is why some people that like gambling but don't understand why it is so will always want to be complaining. There is no legit rule anywhere that emphasized that it is a must for gamblers to make money from gambling. If you are able to make profits today, that's your luck and that do not mean you are not going to lose money later.

The role of luck is really significant in defining the end result since mathematical probability does not favour anybody. At the time of profits, we must do well to know that it will not be long lived in this risky endeavour. No written assurance of long-term financial prosperity of players exists. The game is random and thus the mind would always be prepared when we bet. Thou are you correct since excess expectations will cause disappointment in case of losses incurred.

[Franctoshi]

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?

What you've have just listed above is just the hard truth why most gamblers lose money and it's hard to agree to it, most people thought gambling world is a place to get rich quick and hence they don't treat it wisely, If you can manage your risk, with the proper profit target and no when to exit and call it day, I tell you most likely won't be like other gamblers who usually lose money.

Some well disciplined gamblers earn money but most of them end up giving it back to the system because of greed, I'm talking from the point of experience.
When I do play by my plans, I used to see a positive result, but most times we're being overide by our greed's.

[Alex077]

 To be honest, if you have only years of experience in gambling is not enough to control gambling addiction or the psychology behind it. I have seen many experienced player lose their mind midway because when emotion take over, their intelligence is lost. If I talk about myself once I win, my confidence skyrockets and sometime I think, I got house money for free, lol, which makes me bet even more. I have seen many people when they lose, they gamble away their bankroll in the hope of recovering that money. This is the trap of being overly brave after winning and desperately chasing after losing which is what even experienced people fall into.

In my opinion real edge is not in experience but in rule and money management. You have to follow some very strict rule. And before you start playing, decide how much you will stop if you win and how much you will lose.

[CryptSafe]

At first, from what you have said, it looks like a greedy move from you whenever you are winning, as you allow your emotions outweigh you likewise when you are on a losing streak. Possibly you will likely do some assignment on control so that you do not allow the joy of winning to overwhelm you, and so on.

Yes, discipline needs to be worked on because if a gambler can master discipline, he has solved 80% of his problem already. Discipline will save you from alot.

Being disciplined as a gambler is very essential even as a sportsman; it is a basic in engagement, but the majority of gamblers do not imbibe that act of discipline while playing games, which is why we see lots of addiction cases here and there with players struggling to come out of it. In essence, players should be disciplined so as to avoid having the negative effects of their excessive actions towards gambling