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Author Topic: Do gamblers only learn discipline after losing badly?  (Read 861 times)
Queen uloma
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Today at 04:08:36 PM
 #161

Many gamblers knows the importance of bankroll management, discipline and knowing when to stop,  but knowledge alone is not enough. When a person win or losses little amount of money it is easy to feel that everything is under control. This kind of overconfidence sometimes makes people to neglect rules that are supposed to protect them. Experience is one of the best teachers as they usually say. Many gamblers today don’t really understand the pain of discipline until they encounter big losses. That is when they understand the importance of risk management and self control. not everyone who always end up  in learning the hard way, most people end up learning from other people’s mistakes. The problem is that human nature often makes  us to believe that bad outcome always happens  to other people and not to us. Conclusively, Best gamblers are those who understand that losses are part of the  game and try their possible best to avoid taking emotional decisions.

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Today at 04:15:50 PM
 #162

This issue is determined by extend to which the gambler is induced because while I said induced many regular or closed to addicted gambler hardly regret anything because their mind centered on what they will gain and what to do next in getting the lost fund,their believe is the more they losses a day will comes when they will hit hard in gaining the lost, though the emotional feeling occur little in the means of gambler no matter who is involved but has some limitations mostly those who are new regret mostly and those who may likely use above what they can afford to losed.
But if you are betting small amounts and treat it simply as entertainment, you may not even bother to analyze your losses and understand why they happened. But if you decide to bet larger amounts of money, your approach to betting will be different, and in the event of a loss, you will definitely look for the reasons why it happened. You will try to do everything possible to make sure it does not happen again.

 
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Today at 04:40:00 PM
 #163

This issue is determined by extend to which the gambler is induced because while I said induced many regular or closed to addicted gambler hardly regret anything because their mind centered on what they will gain and what to do next in getting the lost fund,their believe is the more they losses a day will comes when they will hit hard in gaining the lost, though the emotional feeling occur little in the means of gambler no matter who is involved but has some limitations mostly those who are new regret mostly and those who may likely use above what they can afford to losed.
But if you are betting small amounts and treat it simply as entertainment, you may not even bother to analyze your losses and understand why they happened. But if you decide to bet larger amounts of money, your approach to betting will be different, and in the event of a loss, you will definitely look for the reasons why it happened. You will try to do everything possible to make sure it does not happen again.
As long as gambler is gambling with what they can afford to lose there won't be any reason for them to be analysing there losses. It is only when a gambler feels that they have lost money that is supposed to be used for something important that is when they will begin to analyse there losses. Those gambler that gambles with what they can afford to lose may not see the need to be analysing there losses even if they are not gambling for entertainment.

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Today at 05:16:42 PM
 #164

But if you are betting small amounts and treat it simply as entertainment, you may not even bother to analyze your losses and understand why they happened. But if you decide to bet larger amounts of money, your approach to betting will be different, and in the event of a loss, you will definitely look for the reasons why it happened. You will try to do everything possible to make sure it does not happen again.
The thing is, even if a player places a bet and loses, they'll likely never want to repeat the bet just to lose again. But betting involves randomness and patterns, and they won't truly understand what will happen. It's important to learn and improve, of course, but also remember that discipline won't solve every problem or gap in our game. Discipline will certainly limit our losses to some extent, but a winning strategy should also be the foundation. For me, coming up with one is the biggest challenge. I've tried many things, and so far, nothing has been successful.

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Today at 05:58:49 PM
 #165

A lot gamblers actually do plan from the beginning to gamble the right way, in fact they’ve had every single steps and procedures already mapped out on paper, but when faced with real situations, sticking to those plans and rules becomes almost impossible as it becomes easier for them to allow their emotions control and the ability to make decisions for them. This is the fate of many gamblers, while there are those who choose to walk that path intentionally, there are also those who don’t even know how they got there.
Unfulfilling gambling habit from gamblers is caused out of the players inability to overhaul the gambling niche on a personal perspective or settings. Having close players or relatives who regulate the spending habit of the gambler helps in making better decision. However, producing responsible methods and sticking to it, is not easy, that's right, but with the proper look of things especially allowing somebody else close mark and question habitual changes would assist any player that finds dedicative habit of staying responsible so hard to accomplish.
It depends on the individual and his behavioural pattern or attitude towards the subject matter. In a case where you have a gambling addict who usually or continually engages in gambling especially in a situation where he or she seems to be loosing or have lost much money in betting and wants to recover his money by all means through gambling, I don't think such a gambler would ever understand the importance of discipline in such a situation so it's very hard to say if an individual who engages vigorously in gambling really understands what discipline means .

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Today at 05:59:42 PM
 #166

As long as gambler is gambling with what they can afford to lose there won't be any reason for them to be analysing there losses. It is only when a gambler feels that they have lost money that is supposed to be used for something important that is when they will begin to analyse there losses. Those gambler that gambles with what they can afford to lose may not see the need to be analysing there losses even if they are not gambling for entertainment.
There are gamblers who are gambling responsibly, spending within the link they can afford to lose, but they still see the need to do some checking and see if they have been profiting in the long run or if it's just them paying for the entertainment which they are enjoying. Some people find it their duty to always be checking such records and analysing them.

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Today at 07:51:36 PM
 #167

As long as gambler is gambling with what they can afford to lose there won't be any reason for them to be analysing there losses. It is only when a gambler feels that they have lost money that is supposed to be used for something important that is when they will begin to analyse there losses. Those gambler that gambles with what they can afford to lose may not see the need to be analysing there losses even if they are not gambling for entertainment.
Even if the gambler able to afford the loss, it’s still very much important to analyze losses, as this helps the gambler ti identify the area(s) they previously made mistakes so as to know how best to improve their decision making in subsequent times. Inasmuch as gambling with money one can afford to lose helps to reduce financial stress due to unintended losses, it still doesn’t mean that one can not seize the opportunity to learn from their past performances and results so as to make better subsequent decisions.

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Today at 07:57:50 PM
 #168

It's nothing new to see gamblers forgetting to take precautions when winning in gambling, but remembering to take precautions when on the losing side. That's why most of the times I don't take the words of some gamblers to heart because they can easily change their stance on gambling when they're on winning streak.

You know the time when the majority of gamblers learns to discontinue their gambling for the day, is when luck is against them, that's when they will remember their limits set beforehand

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Today at 08:12:04 PM
 #169

It’s always “I can stop anytime” or “I’ll just recover this one first.” But once the loss becomes heavy, that’s when all the lessons suddenly become clear. Bankroll management, self-control, knowing when to stop, all those things we ignored before.

Some people are so disciplined even at the start of their gambling experience, they will tell you the amount they want to gamble with and if they finish it they won't gamble further and they will stick to their words. The only thing that makes people to disregard their initial plans is when they win because it takes away their consciousness to know when to stop. Someone who started gambling and allocated an amount to gamble with can easily keep to his words when he is experiencing a losing streak but it won't be the same reaction if he is winning. Disciplining oneself in gambling has nothing to deal with waiting till the situation has gone bad, someone who is disciplined is disciplined that's just the truth.

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Today at 08:17:25 PM
 #170

Let’s be honest, most gamblers don’t really care about limits when they are still winning or when the losses are still small.

It’s always “I can stop anytime” or “I’ll just recover this one first.” But once the loss becomes heavy, that’s when all the lessons suddenly become clear. Bankroll management, self-control, knowing when to stop, all those things we ignored before.

Funny thing is, many of us already know the advice. We just don’t take it seriously until it hurts.

So maybe gambling discipline is not really learned from reading tips, but from getting burned once or twice.

Has that happened to you too, or were you able to control yourself before reaching that point?
For the first experience, it may be the same fate where the gambler will feel overconfident after winning, until he ends up in an unfavorable situation and loses more, then chasing his losses, most gamblers learn after a big loss.
I have a friend, he works in Japan as a breeder and he is very natural there, at the beginning of the story he dabbled and got a big win, but after a few months later he told me again that he lost all his working money due to chasing his gambling losses.

It all started from the same thing as in your story, and he said yesterday he would be more disciplined in gambling and finance, I said that he better not gamble for a while until he can have savings first for his life.
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Today at 08:22:33 PM
 #171

Let’s be honest, most gamblers don’t really care about limits when they are still winning or when the losses are still small.

It’s always “I can stop anytime” or “I’ll just recover this one first.” But once the loss becomes heavy, that’s when all the lessons suddenly become clear. Bankroll management, self-control, knowing when to stop, all those things we ignored before.

Funny thing is, many of us already know the advice. We just don’t take it seriously until it hurts.

So maybe gambling discipline is not really learned from reading tips, but from getting burned once or twice.

Has that happened to you too, or were you able to control yourself before reaching that point?
You’ve hit the nail on the head. There is a massive difference between knowing the rules of bankroll management and actually feeling them. When you're on a winning streak, you feel bulletproof, and when the losses are small, it’s easy to look at them as just temporary setbacks.
If the biggest threat to a gambler is their own emotion during a tough run, Bitcoin-betting provides a technological framework that helps protect you from yourself:
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