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

[giammangiato]

As experienced as one may feel in gambling in any type of game, from betting to poker to slots to any type of game, luck is the master of the outcome.
Those who think and say otherwise support a dangerous theory that, in addition to the damage it can cause to themselves, also causes the damage it causes by convincing people that their theory is right.
Gambling is a probability game, it is not mathematical bet 1 win 2.

[Majestic-milf]

 Sometimes it's not about controlling the narrative, it's about luck. You could get cocky just cause two to three hands won at a stretch and begin to think you've mastered the algorithm but that's not always it. The best thing to do when gambling is know when to pause. There are times when you win so much and you think luck's on your side, and then you keep playing, but then you'd lose all you've won before you say "Jack".

[AVE5]

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.

If only you'll admit it, you should agree with me that the cause of the second term of this your indiscipline happened out of your chasing losses or you where too overconfidence with the games you betted on.
What happened with you there's that you were carried away maybe because you've some more extra money and then think you can undertake higher risk of increasing your budget and then, you broke the limit of your budget.
See, if you don't do away with this temptation or whatsoever that may had prompted you loosing that disciplinary track, you'll be blindly encouraged to go forth and worse.
Please better treat that state of emotions before it gets too late for you.

[Frankolala]

When you allow yourself to be controlled by your emotions, you can lose big because of a little mistake that you made and start chasing your losses. This is why you don't need to bet beyond a certain amount and don't be too confident in yourself because over confidence can make you bet with a big amount that after losing, you want to recover back your losses. It has happened to me times without number.

[Dunamisx]

Winning in gambling is not by having confidence in playing and being optimistic to win a bet, it take a risk to play an as well win, once we place a bet we don't know the outcome until when we see the final results, that is when we can as well boat in our confidence and not when we are yet to see the concluding parts before claiming a partial Victory in gambling.

[Crypto Library]

Of course I would agree with this because overconfidence always brings negative results in all cases and if it is in the case of gambling then there is no question here.
If we look at most of the debt-ridden or addicted gamblers, then one thing will be found in common in all of them, that is, they often become overconfident about gambling.

Now, if I say in my case, I myself faced a slightly bigger loss due to being overconfident, although I usually bet a very small amount regularly, but at that time, while betting, I thought it was an underdog team and staked a larger amount on a strong team, but later I had to face losses.

[Hatchy]

Does this happen with you too?

No matter how careful you might be, at the end losses will still come. You just have to accept that fact and move on. What keeps you going is the ability to minimise your losses. As a gambler, you should be very responsible. Apply good risk management plan and stick to it no matter how sure you think that game or odd is, don't add or reduce the amount you wish to risk. This helps you to balance your win to loss ratio and over time you find out that no matter how many times you might have lost, when you make a single win, you have a nice comeback from all your losses. This will only be possible if you apply wisdom and risk management. Though it's easier said than done, we can't always control our emotions..

[Bigjoe33]

Does this happen with you too?

No matter how careful you might be, at the end losses will still come. You just have to accept that fact and move on. What keeps you going is the ability to minimise your losses. As a gambler, you should be very responsible. Apply good risk management plan and stick to it no matter how sure you think that game or odd is, don't add or reduce the amount you wish to risk. This helps you to balance your win to loss ratio and over time you find out that no matter how many times you might have lost, when you make a single win, you have a nice comeback from all your losses. This will only be possible if you apply wisdom and risk management. Though it's easier said than done, we can't always control our emotions..

Haha! I like that your last sentence, 'its easier said than done'.

Gambling is just something that clips to our emotions, and when you have gotten to that level, it's surely becomes difficult to fight and remain with your initial plans of controlling your amount of bets and what you want to do around the bet shop or when you sign in your account in your mobile.

One thing that has helped me is having the consciousness that nothing is ever sure in gambling, and that even the most surest odds or teams aren't sure. You can loose anytime, any day. With this mindset, you can control your bet amount and somehow reduce how many times you bet in a week or so

[AmaGold70]

If someone is a disciplined gambler, you don't place any bet with a stake that will deprive you from sleep. You can have so much confidence on your bet, but such confidence should not allow you gamble with what you can't afford to loose. In the past, I was having this kind of experience where I would over trust my bet, and would make me to stake big, and eventually I would still loose my bet. So in gambling discipline remains the key, because even thought some of us are on long loosing streak, it doesn't have any negative impact on us because you gamble responsibly. But when your stake is depriving you from achieving certain things it is actually very wrong that way.

[avp2306]

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?

Confidence and other things you have said does not guarantee anything, because even if you are the most discipline people in the world chances to lose still there. Knowing that you are dealing with gambling which result shows always unpredictable.

What you can do there is to minimize your possible losses if you are having a bad day and possible have certain limits or to know when to cash out your winnings once you are winning.

But losses is inevitable because there's no sure win on gambling.

[Woodie]

Title should have read, " you will lose big because of overconfidence" nothing punishes gamblers more than people that think they can outsmart the game.. I know we have people that know their sport inside out but you can never be too sure of  what's to an outcome..

Otherwise when it comes to gambling, you win some and you lose some!

[TheUltraElite]

It is not about being mentally strong and all that. A gambler will relapse into gambling if they are in close proximity to casino access and away from things that are keeping them busy. The mind start wandering for the dopamine rush and once it gets it, it will again stick to it.

There are methods to avoid these things and discipline is important. You have keep telling yourself that the long term effect of gambling is going to be loss only. Then only you will find yourself being able to stay away from gambling for a longer period of time.

[Odusko]

When you allow yourself to be controlled by your emotions, you can lose big because of a little mistake that you made and start chasing your losses. This is why you don't need to bet beyond a certain amount and don't be too confident in yourself because over confidence can make you bet with a big amount that after losing, you want to recover back your losses. It has happened to me times without number.

You are right over confidence with always push a gambler to take risk that he ought not to have ordinarily taken because when you head in a direction that looks as if you have some level of control of the outcome, this make some gamblers to begin to think that they have found a way to consistently chase that direction and in the end they will lose more than they win which conclusions is negative on the gambler.

[michellee]

You don't have to feels you are experienced gamblers because you can losing control anytime. If you have bad experienced in gambling before, it is better you don't return to gambling and stay away. Maybe your losses will be bigger than before because you might thinks that you can still managing your losses.

Controlling yourself and don't inclined to gamble because no guarantee if you can changing the situation, even an experienced gambler can losing much without they realize.

I losing much before and stop gambling for a while, I returned to gambling but I can control myself and don't want to have the same mistake as before.

[Frankolala]

When you allow yourself to be controlled by your emotions, you can lose big because of a little mistake that you made and start chasing your losses. This is why you don't need to bet beyond a certain amount and don't be too confident in yourself because over confidence can make you bet with a big amount that after losing, you want to recover back your losses. It has happened to me times without number.

You are right over confidence with always push a gambler to take risk that he ought not to have ordinarily taken because when you head in a direction that looks as if you have some level of control of the outcome, this make some gamblers to begin to think that they have found a way to consistently chase that direction and in the end they will lose more than they win which conclusions is negative on the gambler.

It happened to me twice in a week. My friend is good at sportbet and do have a good winning streak sometimes,but not that he has made more profit than losing. I do use his predictions sometimes and this faithful evening, he called me saying he has the right bet code to win a good number of parlay. Due to the confidence I had in him, I bet with a big amount of money and the opposite was the case. I couldn't blame anyone but myself.

[Alex077]

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.

I think that the real danger is overconfidence. To me, it starts when you begin to think you’ve “cracked the code,” that you can predict outcomes better than everyone else, and that a serious loss won’t happen to you. That's usually the point where people start increasing their bets, ignoring their own rules, and taking bigger and bigger risks.
I think it's much healthier to stay humble when it comes to gambling.

[Darker45]

We're somehow the same. I'm also confident of my self-discipline. I know I can control myself. But just like you, I also occasionally go beyond my limits. I guess it's normal to get carried away every now and then. When adrenaline hits you, sometimes you forget your budget allocation. Both winning and losing big has a different level of fun.

But what makes you less prone to addiction is that you're aware. You know that you're going beyond your financial capacity. Therefore, you can also exert effort to address it. You've set limits, in the first place. What's problematic is when you're blind to it, in denial, or worse, accept it as just a reality in gambling.

[Porfirii]

-snip-

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?

I would change the title of your thread, and rename it as "You will lose big in gambling especially if you are overconfident !"

There is another saying (today is the day of the sayings), Chinese this time, which says something like only the most experienced swimmer drowns in a turbulent river, which means that those who doubt about their abilities don't usually risk beyond their possibilities, unlike those who do believe that they have such abilities.

Answering to your last question, I remember once when I was very young, when I lost big because of my inexperience. Young people are reckless, but experiences like that teach you a life lesson.

[Achalugo BTC]

When you allow yourself to be controlled by your emotions, you can lose big because of a little mistake that you made and start chasing your losses. This is why you don't need to bet beyond a certain amount and don't be too confident in yourself because over confidence can make you bet with a big amount that after losing, you want to recover back your losses. It has happened to me times without number.

Right, overconfident often leads one to what they will later regret in their lives and in gambling, being overconfident about a game that is very uncertain will cause them more harm than good, which will make them to fall apart from gambling rules to chasing of loss, as it will separate them from fun to pressure and emotional impulses. And it make them to keep losing more money, even when they want to try to stop after realizing there is no point in fighting, which they will find it difficult to stop.

[Agbe]

What is really happening in this section? Why the same topic at all time. Repeated topics every day. Is it that the search button in the forum is not working again? This confidence related topics in the forum has been discussed several times. The Moderators should lock this thread because it has been discussed. There is nothing to discuss again and it will be a repeating decimal.