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

[HelliumZ]

I cannot win at gambling if I only have experience. Gambling does not depend only on experience but also on luck. Many times we use our long experience to get promotions in the job field and our status increases but in the case of gambling, no matter how long you have experience, that experience will not give you any results. Rather, if you have good luck, you can get profit, if your luck is not in your favor, you will face losses.
I have a long experience of watching cricket and I have won many matches by using my experience but two days ago in this T20 World Cup match between South Africa and India I had bet on India as the winning team but this experience of mine did not give me results rather I lost my bet that day. So even though experience works sometimes you may not get the right result in gambling.

[Pandorak]

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

Personally, i don't have any specific rules like this. I gamble based solely on instinct, whether it's increasing my bet or stopping with a profit/loss. The only thing i set is a gambling budget that i prepare in advance.

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.

The points you raised are very relevant, in line with the causes of defeat often experienced by gamblers. It must be acknowledged that it is difficult to resist greed and ingratitude towards the profits earned. I have met many gamblers, and on average, their destruction is triggered by this.

[Cityhunter34]

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?

Well I think you need to work on it because it's important for us to always have discipline while gambling because that's exactly the best way to overcome frequent losses in gambling.

So there's nothing to worry yourself too much because you have know the side you are doing wrong it's left for you to correct the mistake and move on with a proper self control all the time because that's what can keep you safe when gambling.

[Somto9Light]

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.

Mastering one’s emotions in gambling requires intentionality, it’s not just something that happens by accident, it requires constant practice, failures and falls. This requires time, it’s not something that happens overnight. Some people just think it’s all about setting limits and budgets and then everything would fall in place, which in most cases is far from the truth, it’s one thing to set those boundaries (which is crucial) but sticking and respecting those boundaries is where the actual work is and requires mastering discipline and self control.