You will lose big in gambling even if you are overconfident !

[laijsica]

I used to thought myself a disciplined gambler. I had confidence in myself that I could control myself from losing. In my new situation in gambling, I lost big and learned from it. My experience of losing made me committed to being more disciplined in the future and gambling within a set budget. In that a new situation, the amount of money I lost was much more than my financial capacity. I was able to stop gambling and occasionally bet on sports betting very controlled and with a set budget allocation.

But recently, I have been inclined to gamble again and lose big bets in two days. I thought myself experienced and mentally strong. Anyway despite being a careful and experienced gambler, I made this loss which is very undesirable.

Does this happen with you too?

[Dave1]

Yes, I don't think that there will be a gambler that doesn't lose in the end. It's because we are betting in the unknown. So even if you do your analysis for days and thought that you are lock in to win, but suddenly the result didn't go in your favor.

So even if you are careful or have the mental toughness to say that you will gamble what you can afford to lose, most of the time it won't happen. Because you can't accept the fact that despite your analysis, you still lose your bet and so you go on the next match instead of just maybe resetting or stop for the meantime.

[Achalugo BTC]

I do experienced that long before I totally understand my emotions and learn how to totally put them under my control, though it not really easy because the moment one might be thinking that they are disciplined, one event will just occur in gambling and before you know it, one will lose their guard. So, what I do to really help myself is that I totally distant myself from gambling for a really long period of time, until I totally forget about it, but recently, I tried to gamble and knowing fully well that it can't be controlled or predicted whether sport betting or not, I will bet within the money I set aside for gambling and if I'm not lucky enough and eventually lose everything, I will leave, as I noticed that I'm not carried by any result from gambling like before.

[Bitcoin.com97]

Your experience is normal which majority has had too , infact I could remember  being on a losing streak for a very long time because I know I have lost a lot ,I decided to discipline myself by taking a break for a while ,after like ,2 to 3months I resume and yet still loses ,which made me felt so bad, gambling is very hard to predict the outcome,weather you feel by losing or winning you have more left for you ,it doesn't work that way ,no matter your confidence level,the outcome will always surprised you ,which is your intuition can never be right always.

[The Founding Titan]

I used to thought myself a disciplined gambler. I had confidence in myself that I could control myself from losing. In my new situation in gambling, I lost big and learned from it. My experience of losing made me committed to being more disciplined in the future and gambling within a set budget. In that a new situation, the amount of money I lost was much more than my financial capacity. I was able to stop gambling and occasionally bet on sports betting very controlled and with a set budget allocation.

But recently, I have been inclined to gamble again and lose big bets in two days. I thought myself experienced and mentally strong. Anyway despite being a careful and experienced gambler, I made this loss which is very undesirable.

Does this happen with you too?

You don't have any control over how a bet plays out, none of us do and that's why the moment we start telling ourselves that we are in control somehow we end up taking a step in a direction that lead to losses pilling up for us, confidence is essential to have but most of the times we overdo it, gambling is a good game of luck, if you think luck has nothing to do with it and that you see just that good then you will most likely crash, if you think you are just too lucky that you will always win then again you will most likely crash, just play with the mindset that anything can happen while still hoping for a win.

[khatarnak]

This is pretty normal, especially for younger gamblers.

When you trust your approach and it actually makes sense, the main thing is just staying disciplined and sticking to your rules.

Most of the problems come when you start breaking your own rules, not because the method is wrong.

[stadus]

No gambler that is free from losses, the fact that you enter gambling, know for sure that losses are part of the game. So whether you are disciplined or not, confident or not, no one gets to avoid the losses since we are all gambling with no certainty.

However, overconfident in gambling does not make you a better gambler. But it will only push you to bet more and lose more, until you realized it in yourself that in things like gambling, being overconfident is a negative attitude, it may even lead you to develop gambling addiction unconsciously.

[Sexylizzy2813]

We can't be masters in this game of gambling, we should always accept the fact that ones we start there's a chance of losing and winning so it must not be all about winning or we have mastered the game to the point that we know games that must give us a winning outcome. For me whenever you feel like your loss are more than your winning is best you either take a break or reduce the weight of your staking power (that's for those who stake high), by doing so you have the power and control over gambling before we start hearing cases of someone becoming an addict, that is where the problem start from so is best for us to start early in reducing the urge of gambling so it won't affect us in a way that each time we don't gamble is like we have committed a crime and we make it a must to at least gamble even if it's 1 ticket per day it will be ok for us, that is the part we should learn to be in control.

[Vaculin]

To gamble is to lose, that's the reality with gambling. But in your case, you could have control your emotions and minimize your losses if you really have that discipline in gambling, and not that you lose more than your financial capacity. Although everyone makes unrealistic expectations and poor decision-making towards gambling, but this is because you fall on the trap of your greed, which overconfident gamblers always end up more greedy than those other gamblers.

Everyone loses in gambling, but overconfident gamblers experience more painful losses because of their biased concept that they can win more than lose more.

[Ugeh002]

Yes, I don't think that there will be a gambler that doesn't lose in the end. It's because we are betting in the unknown. So even if you do your analysis for days and thought that you are lock in to win, but suddenly the result didn't go in your favor.

So even if you are careful or have the mental toughness to say that you will gamble what you can afford to lose, most of the time it won't happen. Because you can't accept the fact that despite your analysis, you still lose your bet and so you go on the next match instead of just maybe resetting or stop for the meantime.

Yes, overconfident in gambling can definitely lead to significant losses. It's a common trap that many people fall into.when you're overconfident, you tend to believe you have more control over the outcome than you actually do. Gambling outcome are often based on chance. Overconfident individuals might not set clear limits for themselves, either in terms of money, and many more.

[Oasisman]

But recently, I have been inclined to gamble again and lose big bets in two days. I thought myself experienced and mentally strong. Anyway despite being a careful and experienced gambler, I made this loss which is very undesirable.

Does this happen with you too?

It happened to me many times before while I was trying to change my gambling habits. It actually kept happening until I learned eventually. Sometimes, the emotion takes over you don't realize you're already losing big after being taken away to the heat of the moment.
I'm just curious what kind of gambling you did recently. Sportsbetting, or more on casino games? Because I don't think you're gonna lose big in sports betting, not unless the team you place your bet on with low odds got upset. It's always been the casino games that causes majority of gamblers loses big amount of money, because the results are very fast compared to sports.

Anyway, huge losses are part of gambling, as long as you don't do it frequently,  you'll be financially fine. You'll get over it and just try to get better next time.

[mirakal]

Even experienced and mentally strong gamblers are not excused from gambling losses, but they have this edge to minimize their losses than seeing theirselves losing a huge amount, simply because they can already anticipate that losses are inevitable in gambling.

But there are really times that we still fall on gambling with our emotions. That's already given as no gambler would only want to gamble and avoid losses, of course we all gamble to win and make profits, that's why there are really times we get more greedy and aggressive to win than stay calm.

[Fivestar4everMVP]

I used to thought myself a disciplined gambler. I had confidence in myself that I could control myself from losing. In my new situation in gambling, I lost big and learned from it. My experience of losing made me committed to being more disciplined in the future and gambling within a set budget. In that a new situation, the amount of money I lost was much more than my financial capacity. I was able to stop gambling and occasionally bet on sports betting very controlled and with a set budget allocation.

But recently, I have been inclined to gamble again and lose big bets in two days. I thought myself experienced and mentally strong. Anyway despite being a careful and experienced gambler, I made this loss which is very undesirable.

Does this happen with you too?

Well sorry for your loss but don't try to force other people into the same category of the type of person you are when it comes to gambling, we are all unique in our own different ways, the fact you are not able to control yourself and stay away from risking amounts of money you can't afford to lose to gambling and eventually losing it does not mean that every other gambler out there are exactly the same as you or that they will all end up going through same experience as you.

Like I said before, we all are different and our different styles of gambling is what majorly determines our experiences, there is a no law any where that says all gambling must go through a certain type of experience, no, choices are different and if I make a different choice from your own choices, you don't expect the both of us to end up with exactly the same gambling experiences right? So understand this, you made a choice and your experience is the result of the choice you made, it's very simple.

[Charcol]

I used to thought myself a disciplined gambler. I had confidence in myself that I could control myself from losing.

It is impossible to control yourself from losing in gambling. But if you can continue playing by understanding your financial situation, playing with extra money after excluding the necessary expenses and stopping the game if you lose, then I will assume that you have control. Losing in gambling is not called control, but playing with understanding your financial situation and being able to stop playing when you lose. We cannot beat gambling even if we want to because the house edge on gambling sites will make us lose. Some people cannot control themselves in trying to recover losses. But when you can control yourself, understand your situation and stop playing, then you will actually understand that you have control.

[danherbias07]

It did.

In the same way as you, I thought I was in control of everything until I found myself losing a big amount, again. It's tough. It's a situation where discipline should be the priority. If you cannot even stop the urge, it will destroy you.
So, you have been there, and you know what to do. The mentality should be moving on quickly. Don't let the past losses linger in your head because it will make you try to get revenge by betting high amounts while chasing those losses.
The faster you move on, the better.

[KeenanEl19]

Overconfidence when gambling can be a weapon for ourselves, in my opinion there are not a few people who experience losses caused by excessive self-confidence such as those who lose profits that have actually been obtained and that's because they still think they can get even bigger wins with their confidence but the result is that the profits that have been obtained are lost again.

And with this scale of losses, I actually think that there will be no big losses if we can take care of ourselves, by gambling reasonably it will prevent big losses from occurring, so the occurrence of big losses is nothing but the fault of ourselves too.

[yhiaali3]

Most gamblers have gone through such an experience, but your first mistake was that you gambled with what you could not afford to lose. Whether in gambling or even in trading, you should only risk what you can afford to lose, and this is the most important rule.

Many gamblers think they are responsible and capable of controlling themselves when gambling, but suddenly they are driven by greed or the pursuit of losses and suffer heavy losses because they thought they could control themselves and stop in time.

[Fivestar4everMVP]

Most gamblers have gone through such an experience, but your first mistake was that you gambled with what you could not afford to lose. Whether in gambling or even in trading, you should only risk what you can afford to lose, and this is the most important rule.

Many gamblers think they are responsible and capable of controlling themselves when gambling, but suddenly they are driven by greed or the pursuit of losses and suffer heavy losses because they thought they could control themselves and stop in time.

Exactly the point, "many" as in some gamblers and not all, some people easily assume that when it comes to gambling, their experiences is what others must experience too like this is the norm in gambling but forget that what they are pursuing in gambling might not be what others are pursuing and as long as motive, reason, direction is different, so also will be the experience.

I see op as someone who allowed greed and desperate need for money to be-cloud his sense of reasoning, because I don't understand how you make the first mistake and lose significant amount of money, you manage to pull through that and later on, end up with the same mistake again and also lose significant amount of money and then conclude such as a normal experience every gambler must go through, when he himself knows this is most likely not true.

[ArabBTC]

I used to thought myself a disciplined gambler. I had confidence in myself that I could control myself from losing. In my new situation in gambling, I lost big and learned from it. My experience of losing made me committed to being more disciplined in the future and gambling within a set budget. In that a new situation, the amount of money I lost was much more than my financial capacity. I was able to stop gambling and occasionally bet on sports betting very controlled and with a set budget allocation.

But recently, I have been inclined to gamble again and lose big bets in two days. I thought myself experienced and mentally strong. Anyway despite being a careful and experienced gambler, I made this loss which is very undesirable.

Does this happen with you too?

Well this happens to me a lot, in fact there is no strategy i haven’t tried just to remain on a steady winning streak, there is also no prediction method i haven’t tried, at some point i use to play the win option in football betting it didn’t work, later i went for handicap 2goals it didn’t still keep me consistently winning, i then switched to Both team score yet i still lost now i’m currently playing the under/over goals option, i have also tried using high and low stakes/fewer and higher number of games option and yet i win some and lose some, there haven’t been any time when i was on a steady winning streak despite my strategies, i just feel like gambling shouldn’t be used as a primary source of income so that one doesn’t put in so much of expectation, gambling should be done so that the gambler will have some level of participation in the game and increase his/her level of interest/fun on that game because whether you are over confident or not or disciplined or not you won’t always be on a winning streak, in gambling you will always win some and lose some, the only place where i feel every gambler should apply maturity or discipline is in their ability to condole themselves either when they win or lose.

[Don Pedro Dinero]

Even if? The normal scenario is for you to lose precisely because of that. What’s more, when you say the following:

I was able to stop gambling and occasionally bet on sports betting very controlled and with a set budget allocation.

Given how you draw a distinction between gambling and sports betting, it seems clear that you were overconfident about a particular casino game, which is a delusion. You’re not in control of anything, neither at the casino nor even when betting on sports. Feeling overconfident is a bad sign. You’ve probably had a winning streak where you had nothing to do with it – it was down to pure luck – and you think you’re in control.