Does Psychology Need to Be Added to Gambling?

[Crypto_Timothy]

I think, for one, psychology should be taught alongside bankroll management. What us your view on this?

yea, i do think psychology deserves far more attention in gambling discussions but then again it is still gambling and at the end of the there are some things psychology cannot affect, like psychology won't change the mathematical edge of a game or increase the odds in your favor becuase in the long run it always favors the house but to be fair it has a huge impact on how you make decisions, psychology helps you stick to your bankroll, avoid chasing losses, resist overconfidence after a big win and, the big one, it helps you know when to stop instead of making emotional bets.
Just like you said two gamblers using the same strategy can indeed have different outcomes over time because one follows the plan consistently while the other lets fear and greed or frustration take over. So in a way while psychology cannot beat a negative expected value game, it can prevent costly mistakes and reduce self-destructive behavior.

[TheUltraElite]

In reality, most people start gambling to make a quick profit, without understanding how casinos work.

Nobody wants to understand how the casino works in the first glance. Because neither they are interested nor they are suspicious of the fact that how can people easily make money but still the economy does not collapse from the casino and still there is poverty in the world.

When they experience a big financial loss through gambling, they temporarily stop gambling and when they can handle the financial stress, the gambler starts gambling again.

This sounds quite like a few gamblers whom I have also conversed in the past. They stay away from some time, once their salary comes in and debts are settled, they start to make even riskier bets.

Only gamblers who can control their greed or emotions and gamble with discipline are the ones who can ultimately maintain self-control and protect themselves from the ruin of gambling.

Those people no longer remain gamblers, but either move on to better possible modes of income, investment or start their own casinos.

[Pandu Geddon]

I think, for one, psychology should be taught alongside bankroll management. What us your view on this?

Some gamblers might be able to prepare themselves for all that. But most gamblers probably don’t. Because there are people who take the risk of gambling due to economic pressure. They want instant results from gambling to solve their problems.

Psychology and bankroll management are important for gamblers. We know that because we’ve been gambling for quite a while. But for beginners who don’t prepare anything, they can only learn from experience.

[Youngrebel]

Psychology plays a crucial aspect when it comes to gambling and this is something a lot of people take for granted. Psychology is responsible for a lot of things most especially mental control, this has to do with how you respond to the wins you have and also the losses as well. Mastering your psychology just like in the aspect of trading means that you are in total control over your emotions and this is what is necessary in maintaining discipline and making sure that you are not overstepping or gambling irresponsibly. So, to answer the question, psychology needs to be added to gambling and psychological mastery is something every gambler must develop.

[lovesmayfamilis]

Everyone has their own worldview on different things, including gambling. If someone is sure that gambling exists as a method of earning money, it will be very difficult to convince them otherwise until they realize for themselves that they were wrong. The human psyche is largely involved in this; someone calmly treats losses, ending the game as soon as he exhausts his entire bankroll, while the other, not agreeing with the losses, will balk and win back his money. What's going on here? Everything is explained by the standard of living, the level of education, and even the upbringing of a person who sees situations in his own way and naturally has different views, which means he has his own psychology. The problem with psychology is treated with suggestions and medications, "rewiring" a person's thinking, and building for him the right position for his life so that he does not commit stupid and reckless acts in the future.

[Akbarkoe]

I was staring at the Bitcoin chart, and it got me wondering. Can psychology be used in gambling just as it is in trading?

When people mention gambling, all they think about is luck, luck, and luck. To a large extent, they are right. But what they fail to understand is that psychology can also play a role in gambling. It deals with the mind, and everything about your mind is powerful.

You can see two different gamblers use the same strategy and end up with different results. That's to say their mindset is different. Not forgetting losses, I view people who chase losses as having more of a psychological problem than a gambling one.

I think, for one, psychology should be taught alongside bankroll management. What us your view on this?

I really understand and agree even if he even though gamblers have to learn how psychology is formed and fund management or money management for whatever it is, but anyone who wants to gamble and he has an open mind what to prepare first these two things are very important.
But the problem is that most gamblers do not pay attention to such things when they are just starting to gamble, most of them make a deposit and hope to win, and that is why most gamblers make mistakes in their gambling even though they are not addicted in a short time.

[Somto9Light]

Psychology plays a crucial aspect when it comes to gambling and this is something a lot of people take for granted. Psychology is responsible for a lot of things most especially mental control, this has to do with how you respond to the wins you have and also the losses as well. Mastering your psychology just like in the aspect of trading means that you are in total control over your emotions and this is what is necessary in maintaining discipline and making sure that you are not overstepping or gambling irresponsibly. So, to answer the question, psychology needs to be added to gambling and psychological mastery is something every gambler must develop.

You’re not wrong by saying that psychology is one the most overlooked aspect of gambling. I’ve come to understand that most gamblers are literally more interested in studying statistics, the best betting strategy and the team form and they often ignore how they can be able to control their emotions, and this is why a lot of gamblers mostly get into trouble because the moment a gambler lacks discipline and self control, even the best strategy wouldn’t have much of an effect positively.

[Antotena]

I was staring at the Bitcoin chart, and it got me wondering. Can psychology be used in gambling just as it is in trading?

When people mention gambling, all they think about is luck, luck, and luck. To a large extent, they are right. But what they fail to understand is that psychology can also play a role in gambling. It deals with the mind, and everything about your mind is powerful.

You can see two different gamblers use the same strategy and end up with different results. That's to say their mindset is different. Not forgetting losses, I view people who chase losses as having more of a psychological problem than a gambling one.

I think, for one, psychology should be taught alongside bankroll management. What us your view on this?

See, there is nothing psychological about gambling. Like how do you explain to people yesterday how Argentina made a come back to Win Egypt yesterday. What are you going to expect from the prediction if after you see Argentina down by two goals, it was too clear and Egypt to win only to come and see that Argentina are 3 goals ahead of Egypt and that happens between the minute of 74 to 90+ minutes, there is nobody that expected that result.

Gambling is prediction, it has some similarities like trading but not close to trading. Trading is prediction too but it gives you some signal like using technical and fundamental analysis. There is no way to try such with gambling, you need to use your head with limited information about past to predict the outcome, if you get it correctly that's on you and if you lose everything then that's also on you, you can protect your capital with trading, you can't do same with gambling.

[TastyChillySauce00]

I was staring at the Bitcoin chart, and it got me wondering. Can psychology be used in gambling just as it is in trading?

Psychology matter in gambling. it makes a gambler know when to play, when to pause, and when to stop gamble. Basically, it's quite similar like trading.

When people mention gambling, all they think about is luck, luck, and luck. To a large extent, they are right. But what they fail to understand is that psychology can also play a role in gambling. It deals with the mind, and everything about your mind is powerful.

Psychology matter, but luck play the biggest factor when it comes to the gambling especially slot. You can't expect psychology to help you a lot when you're dealing with a machine that gives you randomnized result.
Even if you're pausing your bet, then take an interval before you start it again. It won't increase your chance to win the jackpot.

You can see two different gamblers use the same strategy and end up with different results. That's to say their mindset is different. Not forgetting losses, I view people who chase losses as having more of a psychological problem than a gambling one.

I think, for one, psychology should be taught alongside bankroll management. What us your view on this?

You do forget two people don't have same luck. So they will never get the same result. Apart from that psychology help gamblers to ensure they know when to stop. So they won't be addicted while bankroll management is a tool how they manage their psycho not to be addicted by gambling with the money they can't afford to lose it.

[Exitoral]

I was staring at the Bitcoin chart, and it got me wondering. Can psychology be used in gambling just as it is in trading?

When people mention gambling, all they think about is luck, luck, and luck. To a large extent, they are right. But what they fail to understand is that psychology can also play a role in gambling. It deals with the mind, and everything about your mind is powerful.

You can see two different gamblers use the same strategy and end up with different results. That's to say their mindset is different. Not forgetting losses, I view people who chase losses as having more of a psychological problem than a gambling one.

I think, for one, psychology should be taught alongside bankroll management. What us your view on this?

See, there is nothing psychological about gambling. Like how do you explain to people yesterday how Argentina made a come back to Win Egypt yesterday. What are you going to expect from the prediction if after you see Argentina down by two goals, it was too clear and Egypt to win only to come and see that Argentina are 3 goals ahead of Egypt and that happens between the minute of 74 to 90+ minutes, there is nobody that expected that result.

Gambling is prediction, it has some similarities like trading but not close to trading. Trading is prediction too but it gives you some signal like using technical and fundamental analysis. There is no way to try such with gambling, you need to use your head with limited information about past to predict the outcome, if you get it correctly that's on you and if you lose everything then that's also on you, you can protect your capital with trading, you can't do same with gambling.

Lol. See something. You are trying to mirror psychology as the outcome of a game. And it is not. It only deals with after, during and before the game. Never the outcome. It is the control of your mind, the projection of yourself to what ever outcome the game present. Not the outcome. Hope you understand this.

[xenomorfo]

You?re not wrong by saying that psychology is one the most overlooked aspect of gambling. I?ve come to understand that most gamblers are literally more interested in studying statistics, the best betting strategy and the team form and they often ignore how they can be able to control their emotions, and this is why a lot of gamblers mostly get into trouble because the moment a gambler lacks discipline and self control, even the best strategy wouldn?t have much of an effect positively.

they exploit our weaknesses, in the past i read this book under recommendation, slow thoughts and fast thoughts
basically they studied how the human brain works and what defects it has and they act by exploiting these bugs

I consider it a truly mean practice and the only thing we can do is educate ourselves to defend ourselves.

[Dunamisx]

Wish we implement anything that we see is of benefit to us in gambling without waiting for others to put us through the process, gambling is expected to be done based on the personal intention we have towards it and this is why we must make the right decision to be a responsible Gambler and also be more tactical and logical as we play.

[ruykeri]

Psychology plays a crucial aspect when it comes to gambling and this is something a lot of people take for granted. Psychology is responsible for a lot of things most especially mental control, this has to do with how you respond to the wins you have and also the losses as well. Mastering your psychology just like in the aspect of trading means that you are in total control over your emotions and this is what is necessary in maintaining discipline and making sure that you are not overstepping or gambling irresponsibly. So, to answer the question, psychology needs to be added to gambling and psychological mastery is something every gambler must develop.

You are right in gambling winning and losing depends on how tightly a person can control his emotions. If a person does not control his emotions, he will make various wrong decisions in gambling which will lead him to big losses. And this is where psychology plays a big role. When a person starts gambling with the intention of making a profit or as a source of income, then suddenly if he faces a big loss, he cannot accept it easily. Then he decides to gamble more aggressively to recover the lost money. As a result, he suffers even bigger losses from which it is not easy to get out. This kind of mentality gradually makes a person addicted and it is never easy to get out of gambling addiction. That is why it is important for a person to have proper psychological knowledge, especially when he is unable to control his emotions.

[sompitonov]

Wish we implement anything that we see is of benefit to us in gambling without waiting for others to put us through the process, gambling is expected to be done based on the personal intention we have towards it and this is why we must make the right decision to be a responsible Gambler and also be more tactical and logical as we play.

Of course, it's all desirable, but it won't just happen out of nowhere. So you have to work on yourself and put in significant effort to overcome laziness and procrastination. Those who truly achieve this will become stronger mentally and psychologically, as well as their resistance to losses and tilt. Of course, it's hard to force yourself to do it, but those who start early will have an advantage over other players who haven't. Many will realize this after many years of gambling, while others will never do so.

[hedgeh0g]

Of course, it's all desirable, but it won't just happen out of nowhere. So you have to work on yourself and put in significant effort to overcome laziness and procrastination. Those who truly achieve this will become stronger mentally and psychologically, as well as their resistance to losses and tilt. Of course, it's hard to force yourself to do it, but those who start early will have an advantage over other players who haven't. Many will realize this after many years of gambling, while others will never do so.

Players often come to gambling for fun and don't want to bother studying psychology or other aspects. It's difficult and time-consuming, especially since it doesn't always offer a real advantage. Many have spent countless hours studying all this and haven't won, while others have simply gotten lucky and that's it. Sometimes I think it's better to just play for fun and not think about anything else about the game. I don't plan to become a professional; I just want to relax by placing a few bets at the end of the workweek, that's all, so I won't study the psychology of the game.

[MuffinMaster]

Psychology plays a crucial aspect when it comes to gambling and this is something a lot of people take for granted. Psychology is responsible for a lot of things most especially mental control, this has to do with how you respond to the wins you have and also the losses as well. Mastering your psychology just like in the aspect of trading means that you are in total control over your emotions and this is what is necessary in maintaining discipline and making sure that you are not overstepping or gambling irresponsibly. So, to answer the question, psychology needs to be added to gambling and psychological mastery is something every gambler must develop.

Psychology is definitely the most underrated tool in a gambler's arsenal. Most people focus only on strategies or luck, but without mental control, you are bound to lose.

The comparison to trading is perfect. In both fields, emotions like greed after a big win or panic after a tough loss can ruin you. If you don't master your mind, you start chasing losses and overstepping your budget. True psychological mastery means knowing when to walk away, keeping your cool, and treating gambling as entertainment, not a trap.

[Ashawowo(OS)]

I was staring at the Bitcoin chart, and it got me wondering. Can psychology be used in gambling just as it is in trading?

When people mention gambling, all they think about is luck, luck, and luck. To a large extent, they are right. But what they fail to understand is that psychology can also play a role in gambling. It deals with the mind, and everything about your mind is powerful.

You can see two different gamblers use the same strategy and end up with different results. That's to say their mindset is different. Not forgetting losses, I view people who chase losses as having more of a psychological problem than a gambling one.

I think, for one, psychology should be taught alongside bankroll management. What us your view on this?

I agree. Human psychology should be on the top of the study list for gamblers.

Once you understand psychology you can understand what motivates you, and at that point you can easily stop yourself from making foolish mistakes. It is an excellent and irreplaceable part of risk management.

We should be promoting more material about gambling psychology on this board, as well. People need to know how and when to stop themselves from losing all their hard earned money...

I think.... Psychology works better when mixed with discipline. When you know your limits and you strive to maintain your beliefs about limits and don't push the boundaries further, you're applying discipline as well.

Your view of betsize and it's management can help control your excesses as you can gamble on limited funds for a long time if you can control it, but you need discipline to actually stick to that betsize and not increase it on impulse.

Your psychology can help you reduce risks and maximize fun, but without discipline, psychology is a mere thought.

[Accardo]

Wish we implement anything that we see is of benefit to us in gambling without waiting for others to put us through the process, gambling is expected to be done based on the personal intention we have towards it and this is why we must make the right decision to be a responsible Gambler and also be more tactical and logical as we play.

Psychologically gaming requires full fletched thoughts on what helps in staying in control, most players do want to try at beating the system via psychology, it won't work, the real attribute is to be in charge of making the right decisions.

[Yorubek]

Of course, it's all desirable, but it won't just happen out of nowhere. So you have to work on yourself and put in significant effort to overcome laziness and procrastination. Those who truly achieve this will become stronger mentally and psychologically, as well as their resistance to losses and tilt. Of course, it's hard to force yourself to do it, but those who start early will have an advantage over other players who haven't. Many will realize this after many years of gambling, while others will never do so.

Players often come to gambling for fun and don't want to bother studying psychology or other aspects. It's difficult and time-consuming, especially since it doesn't always offer a real advantage. Many have spent countless hours studying all this and haven't won, while others have simply gotten lucky and that's it. Sometimes I think it's better to just play for fun and not think about anything else about the game. I don't plan to become a professional; I just want to relax by placing a few bets at the end of the workweek, that's all, so I won't study the psychology of the game.

Yes, most people start gambling with the wrong mentality, the main purpose behind gambling is to get money very quickly and change their lives. Another thing is that no strategy is useful to win through gambling because the results of gambling are unpredictable, so they do not give importance to study about gambling. No matter how much the results of gambling depend on luck, it is very important to do proper research, as a result of which gambling can be followed in the right way and the chances of making mistakes are reduced and one can protect oneself from big losses.

[Joeboy]

Our mind controls majority of our daily actions and decisions and gambling isn't an exemption.. In gambling, our psychology truly can affect how well folks stick to their limit without allowing their emotions to take control of their actions whenever they are faced with certain loss or even profits...But then again even this our psychology has its own limits.. For example, no matter how perfect our psychology is towards gambling, that perfectionism cannot still change the odds of the game... Luck will still be the central determinant..Luck cannot be removed from the equation as long as gambling is concerned..