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

[suzanne5223]

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

It is good to be a disciplined gambler, but discipline alone is not enough to thrive in the gambling space, and having control over yourself won't make you escape losing in gambling because that game was programmed in a way that every gambler must lose, which is why i believe knowing when to leave and play another time is the best decision in the situation you explained.

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.

You did learn from your previous gambling, based on what you explained, because I believe the reason why the amount you lost before was more than your financial capacity is that you sont setup the budget you will spend on the gaming session that won't affect what you afford to lose.

[Mr Reporter]

As long as gambling is concerned, I don't gamble with what I can't afford to lose and I understand that even with self discipline no one can control there losing but rather we can minimise how much we lose.
Losing a big bet as the op said is obvious that he wasn't a disciplined gambler because you were supposed to gamble within your limit.it is only those that lack self discipline that can't be able to keep to there set limits.
In gambling having confidence isn't a good idea because it can push a gambler into putting more or betting with an amount they can't afford to lose. Gambling is a game of luck , so is not something that a gambler should be having confidence because they can tell when luck will be on there side.

Most time people have fail to understand that in gambling even discipline is not enough, just as you have made mention if you want to live long while gambling don’t gamble with what you can’t afford to loss, it is the rule number 1 in gambling terms, as a gambler don’t depend on gambling to do things like feeding you family with gambling, payment of school fees through gambling, the moment you become addicted and having high hope on gambling i think the day you have missed it all together, even with self discipline one cannot even stop gambling but could control his gambling life or can reduce the way they gamble.

In your words you just make some good points here “In gambling having confidence isn't a good idea because it can push a gambler into putting more" that why it very much applies to stay away from gambling if you couldn’t control yourself…

[lombok]

Most time people have fail to understand that in gambling even discipline is not enough, just as you have made mention if you want to live long while gambling don’t gamble with what you can’t afford to loss, it is the rule number 1 in gambling terms, as a gambler don’t depend on gambling to do things like feeding you family with gambling, payment of school fees through gambling, the moment you become addicted and having high hope on gambling i think the day you have missed it all together, even with self discipline one cannot even stop gambling but could control his gambling life or can reduce the way they gamble.

In your words you just make some good points here “In gambling having confidence isn't a good idea because it can push a gambler into putting more" that why it very much applies to stay away from gambling if you couldn’t control yourself…

Indeed, greed has tended to come up when person has gotten the impression that he has won something and wants to continue betting hopes that he has won. This practice kill the money of household and the tranquil state of mind of a gambler. It is a wise step never to go to hazardous places, where this game will never make you rich. Instead, it is preferable to store up past needs and family spending.

[$weetne$$]

You can never be too sure about your bet as a gambler, always apply that caution even when you are  think they are going  to be very correct, always make sure to maintain your discipline with you stake at all times even when you are winning or loosing. The fact you are winning can increase your excitement,  it is always important to not allow your emotions have a greater part of you at any point as that leads to staking certain amounts you would  not want to stake ordinarily.

[Makus]

When it comes to gambling one thing is certain everytime and that's the fact that gambling is always going to be a game of luck and it doesn't really matter if you are skilled in betting, overconfidence is something that kills a lot of gamblers all because they think that they are too skillful but it is impossible to always win when gambling and being consistent with making profits. There's no way anyone can win from using a particular strategy consistently because gambling isn't a source of income the outcome of the game can be random.

[tread93]

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 know I thiunk that when I read the title something in my brain went, don't put that evil on me willis!!!! I do not accept it. I might try to visualize myself gambling and winning for a long time before I really go and gamble in real life. I wonder if people do this? I don't know if it'll work but Ima try it and I will report back

[Hispo]

Well, first and foremost I am sorry you experiences such a big loss which you could not afford to take by yourself.
Hopefully it was not a big amount which affected your ability to acquire money and keep yourself under shelter an clothed.

One is never ready to lose money to casinos, actually... Specially when it is money one did not have to deposit in the first place.
It does not matter how disciplined one is through the year, it only takes a single mistake to throw all that discipline and hundreds or thousands of dollars down the drain.
Do not be too harsh against yourself, you already recognize the problem and you know what you did was not correct.

Thankfully, it is not something which has happened to me. I have only lost money which I did not intended to lose once, and since then I have kept myself in control.

[Achalugo BTC]

When it comes to gambling one thing is certain everytime and that's the fact that gambling is always going to be a game of luck and it doesn't really matter if you are skilled in betting, overconfidence is something that kills a lot of gamblers all because they think that they are too skillful but it is impossible to always win when gambling and being consistent with making profits.

Being so confident about their skills, its what ruined the lives of many gamblers, they ignore the part that luck has a very crucial role to play in gambling, that is why its very necessary for one to play the game and keep out the idea or mindset that their skill can be helpful for them to win in a long streak and that overconfident in them makes them to lose their focus in maintaining responsible gambling. Afterall the game is not designed to be for any other purposes other than fun and entertainment.

[junder]

Nothing is better than reasonable, overconfidence is not good either because that way you will continue to think positively even though the results experienced are negative and negative only. There's nothing wrong with thinking positively or being confident, but overconfidence is the problem because the urge to keep doing it will arise.

And it seems like those who have experienced a lot of losses are also due to overconfidence, as well as what I have experienced is also like that. Overconfidence encourages us to keep doing it while ignoring the results that have already happened and the greater chance of losing.

[goldkingcoiner]

Overconfidence is typically the number one reason for losing big, aside from sheer panic or other heightened emotional states. I think self discipline really comes into play here for gamblers who don't want to accidently lose more than they can afford. Don't set yourself up for failure and always plan ahead before gambling. Budgeting, making sure you do not have access to other money than the gambling budget and knowing when to leave really makes a huge difference. If you have the self discipline to see this through...

[bangjoe]

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?

Overconfidence is indeed a disaster because we don't know what really happens to us when we gamble, it really manipulates the brain where you will believe that you will not be addicted when you have already entered into the impulsivity of gambling.
 
I'm sorry that you keep convincing yourself but end up falling into the same pit in a situation that you believe will be much better and fix everything.
 
I've been there and it's been the biggest correction to the power of using my brain to understand the real conditions, why do we always get stuck in the same situation that we previously believed we were on the right path, I found the answer that when we are on the right track we should remember not to continue gambling when we have lost according to the limits we have set, every time emotions peak there is a time to stop gambling, the more often you do it, the greater your ability to recognize yourself in any situation when gambling so that you can gamble responsibly.
 

[topbitcoin]

Does this happen with you too?

That indicates that most of us gamblers who always talk about boundaries and responsibility are sometimes better at saying it but it is very difficult to do it and this is a real case when we always talk about responsibility and gambling boundaries but we are trapped in gambling just because we try to want more with the assumption that we are able to improve our level of play.

Some would say that this is an accident assuming that even if we can control ourselves but something like this can happen at any time but for me this is a form of us just trying to consider what we do by crossing the boundaries and responsibilities that should be there is not a mistake because we try to tolerate or forget about the mistake even though we have been proven wrong.  The fact that we can't take away from your experience is that no matter how much we say that we are responsible or limit gambling, it will only make us feel that we are capable enough to gamble but the emotions in gambling are not as simple as we say.

[Scarlett_23]

The reality is that no matter how cautious or experienced a gambler may be, circumstances can often force them to lose; this is because controlling one's emotions in the heat of the game is extremely difficult. Even highly experienced individuals—much like yourself—can lose control and expose themselves to risk. Therefore, it is crucial to prioritize recognizing your limitations over relying solely on experience and self-confidence.

That is why, when returning to the game after a break, I believe it is essential to curb your emotions and avoid turning gambling into a daily routine—thereby preventing addiction from taking hold.

[laijsica]

Well, first and foremost I am sorry you experiences such a big loss which you could not afford to take by yourself.
Hopefully it was not a big amount which affected your ability to acquire money and keep yourself under shelter an clothed.

One is never ready to lose money to casinos, actually... Specially when it is money one did not have to deposit in the first place.
It does not matter how disciplined one is through the year, it only takes a single mistake to throw all that discipline and hundreds or thousands of dollars down the drain.
Do not be too harsh against yourself, you already recognize the problem and you know what you did was not correct.

Thankfully, it is not something which has happened to me. I have only lost money which I did not intended to lose once, and since then I have kept myself in control.

The amount of loss was within my means. I basically created this thread from my real experience that I have been involved in the gambling industry for a long time but I have made such a mistake and this mistake can happen to a newbie gambler as well. So that they can be careful and not be overconfident in gambling.

I was ready to lose and had a limited budget but the problem is that suddenly luck was against me and I also blew it into the air and was in the mood for revenge. Later I realized my mistake and this is the second time I faced such a situation.

As you said, a year of discipline can lead to hundreds or thousands of dollars in losses due to a small mistake. Your important opinion is very important for every gambler.

[ruykeri]

You can never be too sure about your bet as a gambler, always apply that caution even when you are  think they are going  to be very correct, always make sure to maintain your discipline with you stake at all times even when you are winning or loosing. The fact you are winning can increase your excitement,  it is always important to not allow your emotions have a greater part of you at any point as that leads to staking certain amounts you would  not want to stake ordinarily.

You are right that the most important thing in betting is to fix your fund limit. Because it is never possible to make a profit consistently in gambling. But it is possible to reduce the amount of loss through fund limit. So one should bet with the amount that a gambler can tolerate. One should not bet with a fund that is part of his required money. When someone bets with his required money and then loses, automatic excitement will increase in him. From there, people make wrong decisions due to emotions. And if you want to survive consistently in gambling, then it is only possible to bet after the fund limit and keep control over yourself.

[fruktik]

First of all stay strong mate winning and losing is a part of a game and we learn from mistake . But most importantly don't make the same mistake twice learn from it the first time . You don't have to drink the whole ocean to check whether it is salty or not. I know very well that overconfidence can sometimes ruin everything but again winning and losing is a part of a game . I also faces a lot of losses just because i was over confident.  In gambling specially in the the long run a loss is certain but discipline saves us from not being bankrupt.

Discipline is what protects you from financial ruin. I didn't pay enough attention to this concept, and that led to a very difficult period in my life. I lost so much money that it severely shook my entire way of life. At first, I couldn't even believe it, but reality put everything into perspective. Every day, bank employees called me, persistently trying to persuade me to repay the loan with interest. It was not only depressing but also terrifying. I lived like this for several years. Sleepless nights undermined my health. I was mentally crushed. And all this because I had become overconfident in my victory.

[imthegreat]

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?

Yes, such a slap in the face from fate and luck has happened to absolutely every gambler or bettor who's ever spent any time gambling. Absolutely every player has that moment when they want to believe their moment of glory has arrived, and that they're just one bet or spin away from big money. But unfortunately, then comes a loss and the realization that it was just euphoria, and the odds were, as always, fair and didn't favor them.
And the most important thing is to learn from such an experience, because it's crucial for building experience in the future and preventing the same mistake.

[OsaiEmma]

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?

Sometimes, people can lose control of their emotions when they're experiencing some sort of excitement. That's why I keep on reiterating "Gambling for fun and entertainment can be very dangerous". Yet a lot more people go with the sentiment of gambling for fun 🤷🏼‍♀️.

If I'm out having fun, I do get carried away; I don't think it's just me though, right? But if I'm out for business, I do keep a tight budget. Since it's business, I weigh the pros and cons and make sure I'm always within a limit where I won't have much regret.

[Zadicar]

First of all stay strong mate winning and losing is a part of a game and we learn from mistake . But most importantly don't make the same mistake twice learn from it the first time . You don't have to drink the whole ocean to check whether it is salty or not. I know very well that overconfidence can sometimes ruin everything but again winning and losing is a part of a game . I also faces a lot of losses just because i was over confident.  In gambling specially in the the long run a loss is certain but discipline saves us from not being bankrupt.

Discipline is what protects you from financial ruin. I didn't pay enough attention to this concept, and that led to a very difficult period in my life. I lost so much money that it severely shook my entire way of life. At first, I couldn't even believe it, but reality put everything into perspective. Every day, bank employees called me, persistently trying to persuade me to repay the loan with interest. It was not only depressing but also terrifying. I lived like this for several years. Sleepless nights undermined my health. I was mentally crushed. And all this because I had become overconfident in my victory.

Yes, discpline or full self control on which you would really be that needing at the moment or time that deal up with gambling on which you would be needing up to consider out on having the limits because eventually you would be losing money in the end and if you arent that good or having no discipline then you would definitely be having that issues when it comes to financial aspect. Now in speaking about being overconfident on which i have been able to experience up these things or situation on which you are believing or that positive that you can have that sure win but ending up on a loss just because the opponent had made out some comeback and thats why after that i do made out some learning that as long the timer doesnt reach up zero then there's always the possibility of comeback on which it would be resulting in a loss and that would surely pisses you off.

[Yablee0]

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.

That's just the right thing to do as long as you are a gambler. Nobody knows it all, no matter how you claim to be good. The best is to just stake what you can afford to lose and don't be too sure of yourself because even when we are most confident and thought we got everything being figured out, sometimes we still keep having unpleasant results. And that comes my conclusion that nobody knows it all as long as gamble is concerned, we just need luck to keep on pushing forward. Therefore in other not to get shattered or ruin, the best is to first think of our safety and always stake what we can let go and that settles it all.