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

[Fredomago]

Good point, experieced prevents us to make bad decision and can dictate to stay on your strategy no matter what, but there's no guarantee that it can bring us to always win, inside gambling even how good you are there are still chances that you may overlook things then lead you to lose your bet, the fact that gambling always accompany by risk should limit us from how we set our strategy and expectations, failure to follow can lead you to lose your hard earned deposits.

A lot of persons that are gambling doesn't really know the place of experience in gambling, they actually misplace it to be what would make them profitable or perhaps influence what would be the outcome of their stake. No. The experience have gained over the years of gambling is there to guide our decision making on the games and where it's heading by outcome . For an example, an experience gambler would quickly avoid to chase losses due to his experience but a newbie gambling won't see reasons not to chase his losses towards recovery. The newbie may not know the dangers.

That last statement of yours carry the edge of experience gamblers against those who are new to gambling, experience dictates that in order to prevent making big mistake and losses a lot you must quit or stop before being played by your emotions, while for newcomers, as long as they have the money they'll keep chasing and ended up losing everything then regret their actions, that's how things works most of the time the scenario in gambling field.

[Dunamisx]

We cannot be winning in gambling all because we are being experienced in playing games over time, there is no familiarity in gambling and we cannot apply this as well in using a particular casino to gamble, please does not draw any opportunity to us to win neither does it take it away, when we Gamble, we stand the chance of losing or winning.

[BlackBaron]

We cannot be winning in gambling all because we are being experienced in playing games over time, there is no familiarity in gambling and we cannot apply this as well in using a particular casino to gamble, please does not draw any opportunity to us to win neither does it take it away, when we Gamble, we stand the chance of losing or winning.

Experience does not guarantee victory in gambling which obviously relies heavily on luck. Maybe experience will be useful because we should be more careful in maintaining financial and emotional management, while for winning, it will not affect at all.

If experience can be a benchmark for someone to get a win in gambling, then now there are many people who are rich from gambling. I know some people who have been gambling for a very long time, but their lives have not changed to become richer, even financially they are just mediocre. Even for people who are addicted, they have worse finances.

[Hatchy]

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?

I think this is same reply like I stated in one of my previous post. What you simply require is a good risk management strategy. Most times we over look the idea of risk management being one of the best and most reliable strategy in gambling..being able to preserve your funds, knowing when to stop and call it a day. It's normal for a gambler to find it difficult but at some stages you should be able to evaluate yourself and know if you are making progress using your current gambling method or practices..you simply can't be ignorant for long.. Its a good thing you were able to realise this on time because most gamblers doesn't.. all you need now like I said is a good risk management plan and learning to control your emotions..

[Sandra_hakeem]

I think this is same reply like I stated in one of my previous post. What you simply require is a good risk management strategy. Most times we over look the idea of risk management being one of the best and most reliable strategy in gambling..being able to preserve your funds, knowing when to stop and call it a day. It's normal for a gambler to find it difficult but at some stages you should be able to evaluate yourself and know if you are making progress using your current gambling method or practices..

There's never a gradual positive progress for you. Take note of this for later. The house edge prevents you from getting that incentive, but rather the casinos. If you ever want to make profits, just hope that a spin would hit max out -- say 300x, or keep it at the fun level.

you simply can't be ignorant for long.. Its a good thing you were able to realise this on time because most gamblers doesn't.. all you need now like I said is a good risk management plan and learning to control your emotions..

Or you can, but you just need to be deep-rooted for the backlash. Op, as a response to your topic, always remember that losing your money was part of the plan from the start. Make your choices straight and guard your emotions.

[o48o]

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?

Why did you think it's about your experience and your skill? And why wouldn't you think that bookmakers wouldn't counter talented and experienced gamblers with lower odds?
It doesn't matter how many right bets you make, if one loss (that's statistically going to happen from time to time) can wipe gains of 4 right ones. Not to mention impossibility to hit high number of correct bets on parlay.

You need planning, but only to stick with your budget. Planning isn't a tool to make you more gains, it ensures that you don't spend more then you can afford. Chasing to recover and getting greedy, are ok, if they happen inside of your original budget. But if you are using them because you are afraid to lose money, it's likely that you have already thrown your original budget in trash.

[Furious 7]

We cannot be winning in gambling all because we are being experienced in playing games over time, there is no familiarity in gambling and we cannot apply this as well in using a particular casino to gamble, please does not draw any opportunity to us to win neither does it take it away, when we Gamble, we stand the chance of losing or winning.

seeing from the old experience of playing gambling does not mean that it will make us have a greater chance of winning, gambling is a thing that victory depends on luck and there is no way to be able to ensure that victory will be obtained, unless luck is on the side I'm not sure there is a way to get victory. Even with sports betting or anything else that requires skill, it only increases the chances of winning, it doesn't mean you'll win for sure.

It's true what you said, we have a chance of winning and losing, but there is a difference between the two where we are more likely to lose more often than win, it is reinforced by the bookie acting as the host they are in charge so they will win more often.

[Lida93]

A lot of persons that are gambling doesn't really know the place of experience in gambling, they actually misplace it to be what would make them profitable or perhaps influence what would be the outcome of their stake. No. The experience have gained over the years of gambling is there to guide our decision making on the games and where it's heading by outcome . For an example, an experience gambler would quickly avoid to chase losses due to his experience but a newbie gambling won't see reasons not to chase his losses towards recovery. The newbie may not know the dangers.

That last statement of yours carry the edge of experience gamblers against those who are new to gambling, experience dictates that in order to prevent making big mistake and losses a lot you must quit or stop before being played by your emotions, while for newcomers, as long as they have the money they'll keep chasing and ended up losing everything then regret their actions, that's how things works most of the time the scenario in gambling field.

An edge it is but unfortunately not all seasoned gamblers gamble by experience, they still act in the way that newbie gamblers should be seen doing. We still have experienced gamblers that are lurked after loss chasing, have no definite bankroll and with no gambling limit even after many severe losses they hardly stop playing. For such experienced gamblers regrets has become a common thing for, that they don't learn from it.

[sompitonov]

We cannot be winning in gambling all because we are being experienced in playing games over time, there is no familiarity in gambling and we cannot apply this as well in using a particular casino to gamble, please does not draw any opportunity to us to win neither does it take it away, when we Gamble, we stand the chance of losing or winning.

Experience does not guarantee victory in gambling which obviously relies heavily on luck. Maybe experience will be useful because we should be more careful in maintaining financial and emotional management, while for winning, it will not affect at all.

If experience can be a benchmark for someone to get a win in gambling, then now there are many people who are rich from gambling. I know some people who have been gambling for a very long time, but their lives have not changed to become richer, even financially they are just mediocre. Even for people who are addicted, they have worse finances.

Experience can vary, and the number of years spent playing is no indicator of how much a player has become more skilled, wiser, more intelligent, etc. I'm saying that there are players who strive to grow professionally from their first few games, and they do so so quickly that it's amazing how it's possible. The rest, however, often try to just pretend, but their progress is too slow to allow them to rapidly improve their skill level. Even after 10 years, they'll only have advanced one step, which is far from enough to become a profitable player.

[sotelorene]

A lot of persons that are gambling doesn't really know the place of experience in gambling, they actually misplace it to be what would make them profitable or perhaps influence what would be the outcome of their stake. No. The experience have gained over the years of gambling is there to guide our decision making on the games and where it's heading by outcome . For an example, an experience gambler would quickly avoid to chase losses due to his experience but a newbie gambling won't see reasons not to chase his losses towards recovery. The newbie may not know the dangers.

That last statement of yours carry the edge of experience gamblers against those who are new to gambling, experience dictates that in order to prevent making big mistake and losses a lot you must quit or stop before being played by your emotions, while for newcomers, as long as they have the money they'll keep chasing and ended up losing everything then regret their actions, that's how things works most of the time the scenario in gambling field.

An edge it is but unfortunately not all seasoned gamblers gamble by experience, they still act in the way that newbie gamblers should be seen doing. We still have experienced gamblers that are lurked after loss chasing, have no definite bankroll and with no gambling limit even after many severe losses they hardly stop playing. For such experienced gamblers regrets has become a common thing for, that they don't learn from it.

Experience doesn't mean someone will win in gambling, someone can be the oldest man or woman in gambling with so much experience and yet they won't be able to win because experience doesn't guarantee winning so we should take off this thought of experience from our head. Experience can only make a gambler to gamble safe and responsible due to what they have seen but winning is based on luck and not experience and If someone should carry the mentality of experience they will lose hugely.

[Orpichukwu]

The only option a gambler has to do is to leave gambling for some time and this can be a month or 3 months but should not be a week or two. At least taking an eye out of gambling is very important to calm down and indulge in other activities that will relief the brain and make him forget anything about gambling for a season.

If the gambler is not gambling exclusively in hope of making a profit from gambling and they are just spending a moderate amount which should not remove a hair from their body, even if they are being unlucky and not winning, they can still continue gambling. That's if they know it's not for the profit they are doing it, but if the loss is affecting them and they consider themselves unlucky, then going with your advice is a good one.

[MArsland]

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 three basic factors cover everything I need to gamble safely and effectively at a casino. Even with a small deposit of $10, I still have to set a profit target, after which I can withdraw my winnings. Usually anywhere from $10 to $20 is enough. Personally maximum loss limit, the $10 deposited is my only maximum loss meaning 100%.

[hedgeh0g]

The only option a gambler has to do is to leave gambling for some time and this can be a month or 3 months but should not be a week or two. At least taking an eye out of gambling is very important to calm down and indulge in other activities that will relief the brain and make him forget anything about gambling for a season.

If the gambler is not gambling exclusively in hope of making a profit from gambling and they are just spending a moderate amount which should not remove a hair from their body, even if they are being unlucky and not winning, they can still continue gambling. That's if they know it's not for the profit they are doing it, but if the loss is affecting them and they consider themselves unlucky, then going with your advice is a good one.

Losing is perfectly normal—that's what casinos are for. The only question is how we perceive our game, whether we strive to improve every day, and whether we do so effectively, outperforming other players who are also striving to be better than everyone else. Besides all this, it's important to work with a coach who can show us exactly how and why we can beat others. However, many players often lack the funds for a coach and the desire to train and improve, so those who did tend to be far ahead of the rest.

[BlackBaron]

Experience does not guarantee victory in gambling which obviously relies heavily on luck. Maybe experience will be useful because we should be more careful in maintaining financial and emotional management, while for winning, it will not affect at all.

If experience can be a benchmark for someone to get a win in gambling, then now there are many people who are rich from gambling. I know some people who have been gambling for a very long time, but their lives have not changed to become richer, even financially they are just mediocre. Even for people who are addicted, they have worse finances.

Experience can vary, and the number of years spent playing is no indicator of how much a player has become more skilled, wiser, more intelligent, etc. I'm saying that there are players who strive to grow professionally from their first few games, and they do so so quickly that it's amazing how it's possible. The rest, however, often try to just pretend, but their progress is too slow to allow them to rapidly improve their skill level. Even after 10 years, they'll only have advanced one step, which is far from enough to become a profitable player.

Progress in what way? Are they getting richer? Are they able to win consistently? Or something else?

Because I believe gambling is closely related to luck, so no matter how long they gamble, they're still relying on luck. I also don't think people are particularly skilled at gambling; although some games require skill, the final outcome is ultimately determined by luck.

I've been gambling for a long time, and I don't feel anything has changed other than my understanding of gambling itself. For example, while I used to have a strong desire to win, now I'm more relaxed and don't make winning my goal.

[Ever-young]

We cannot be winning in gambling all because we are being experienced in playing games over time, there is no familiarity in gambling and we cannot apply this as well in using a particular casino to gamble, please does not draw any opportunity to us to win neither does it take it away, when we Gamble, we stand the chance of losing or winning.

In gambling, there is nothing like being an expert or a beginner because each day that passes by in gambling, its like a new thing to them, because gambling will forever remains as gambling, which will be hard for people to predict if they will win or not. That's why people or gamblers are ought to gamble with what they can afford to lose and be happy about it and also set limits to their gambling habits, as this will also save or help them to prevent whatever thing that will lead them into making mistakes that will affect their financial status and their mental health as well.

[lombok]

We cannot be winning in gambling all because we are being experienced in playing games over time, there is no familiarity in gambling and we cannot apply this as well in using a particular casino to gamble, please does not draw any opportunity to us to win neither does it take it away, when we Gamble, we stand the chance of losing or winning.

In gambling, there is nothing like being an expert or a beginner because each day that passes by in gambling, its like a new thing to them, because gambling will forever remains as gambling, which will be hard for people to predict if they will win or not. That's why people or gamblers are ought to gamble with what they can afford to lose and be happy about it and also set limits to their gambling habits, as this will also save or help them to prevent whatever thing that will lead them into making mistakes that will affect their financial status and their mental health as well.

The dynamics keep on changing such that every betting session has been a new experience one that is still technically demanding to anyone to master. The decision to go with additional pocket money only, is the most rational step as I view to circumvent the problem of losing our main capital. We should continue to make our pleasure our main aim without experiencing the needs of life that are more urgent to the future. I would concur that behaviour restrictions will go very far in ensuring that we stay in the integrity of the current economic status.

[HONDACD125]

We cannot be winning in gambling all because we are being experienced in playing games over time, there is no familiarity in gambling and we cannot apply this as well in using a particular casino to gamble, please does not draw any opportunity to us to win neither does it take it away, when we Gamble, we stand the chance of losing or winning.

There are basically two major types of gambling: One is casino and the other one is sports betting. Now, when someone is into casino games and that sort of gambling, they are basically relying totally on luck because casino games are based on random result generators, and the result of any bet is totally random unless the casino is rigged, and when the result is random, there is always a possibility of you winning or losing the bet, and this makes knowledge or experience irrelevant in this area because your knowledge or experience will not be able to affect the results anyway, but if you are experienced, you should know when you should stop gambling.

In sports betting, however, your knowledge and experience about sports can play a great role because it isn't completely reliant on luck because you have to make predictions and if you have knowledge about that sport, you should know which side has better chances, and in that case, even if the favorite side doesn't win all the time, they will win most of the time, so if you are making 5 bets on the same side, if they lose 1 or 2, they will win at least 3 of the games if they are favorites in the game. That is why, experience and knowledge matters in sports betting.

[icebar]

We cannot be winning in gambling all because we are being experienced in playing games over time, there is no familiarity in gambling and we cannot apply this as well in using a particular casino to gamble, please does not draw any opportunity to us to win neither does it take it away, when we Gamble, we stand the chance of losing or winning.

Winning and losing are not certain and it would be completely foolish to try to win for sure where every bet is based on probability. If he has experience in gambling, he may gain some advantage in his bets but it will never guarantee victory. Experience may be of some use to the average sports bettor, but it will not guarantee victory. There is no way to guarantee probability. Even after betting all his life, he must bet with uncertainty. No one can consistently make profit in betting. Sometimes there can be a profit and sometimes can be loss.

[JunaidAzizi]

You guys just follow the one rule that is the amount per stake, which is a good one, but your plans are all centered around that one rule. However, it's not what can control your losses. The main thing is that you have to know when to enter, how much time you will stay, and when to leave. But you may get stuck in greed and revenge, and that's why you can't adhere to your own rules. So I think you should work on the 1 and 3 rule and practice it again and again until you think about it before entering any game.

[Sonia_123]

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 was no proper planning and you are focusing too much on what you can get from gambling which is not a good idea or means,  since  gambling is not for making money but for entertainment, .


The plans you gave to yourself was a very wrong one, how can a gambler feels the he can achieve all these at a single bet, as a gambler, you only accept whatever the outcome of the game you stake is not wanting to achieve all of these, no gambler will be successful with all these aims.