Does Psychology Need to Be Added to Gambling?

[Franklyn-wood]

Why do I feel like we are trying to mix things up from the few comments I’ve seen, psychology may not change or make any difference to the result. even emotions won’t, if two players bet on the same  game with two different psychology they are still going to to get same result at the end. I can see that some are even going as far as mistaking emotions for psychology. Once a bet is placed it’s solely based on luck and that not debatable, whether you’re using the right psychology or not. however, your psychology can help in prediction thus  it’s actually doesn’t guarantee winning even with the right psychology.

If dopamine is released to creat mental basement in most games. Then psychology becomes part of gambling excesise known or unknown to the gamble. Gambling sites are created in a way that now matter the mental stress or length of losses, if discipline is not implemented to control addiction. One might be tempted to keep running into financial indebtedness as a matter of fact. Psychology is part of the system needed in gambling. Emotions can't also be separated from gambling just like we have individual sentimental believes towards each sports and games, so if we allow this always it might lead to more loss in games.

[AVE5]

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.

The fact that we considers games stats to predict the sport bets doesn't mean we're to have the same results.
Our mindsets differs on what we meditates even when we're focused on one particular data. In a prediction bets like that, it's also coincidence for them to make the same decisions if only they're all minding their businesses.
Only those who makes the same decision will have same result while those with different decisions acquires different results too.
But yet they all considered using same strategy to do determine their decisions.

[Vaculin]

I think psychology is already part of gambling, whether people realize it or not. It's not just about luck, it's about how you handle wins, losses and pressure. Take chasing losses, for example. That is not a strategy problem, it is a mindset problem. When you are so desperate to win back what you lost, you stop thinking clearly and start making bad decisions. That is where psychology actually comes in.

You are right, psychology has been playing part in gambling, we just fail to recognize it. But reacting to every scenario in gambling that requires our own emotions and behavior, that is already psychology works in us. But good psychology does not push you to react or respond negatively, its your own greed that is putting negative influence on you. While good psychology helps you build better relationship with your passion in gambling, without compromising the most of your funds.

[freedomgo]

Whether you like it or not, psychology is a must in gambling if you aim to establish player protection, and if you want to be more control of your emotions and create effective decisions in situations where constructive decisions are required.

And since gambling is highly tempting and deceiving, then the more that every gambler should have good knowledge and practice its advantage on every game. Because without psychology, its as good to say that you allow yourself to constantly lose in the process.

[Sonia_123]

When it comes to gambling, everyone has different mindset, the way they think and understand gambling are different, gambling has to do with your level of mindset and understanding if not you will find yourself getting out of hands and gambling above the target.

In gambling you have to be careful so that you don't get addicted and blame yourself, you have to control your emotions.

[alegotardo]

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

Absolutely!

It is no use having the best strategy in the world if you do not know how to deal with your own emotions, know when to increase or decrease your bets, know when you need to accept a loss or when it is a good time to try recovered it... every player need to know how put rational decisions ahead of emotionals. Otherwise, not even the best strategy will be able to bring you good results if you do everything correctly but throw it all away because of an impulsive bet made in the heat of the moment.

That's absurd analogy, your mindset has nothing to do with the outcomes of the bet, it simple based on the randomness so even if the two players bet the exact same amount on the same excat game will produce two different results and they might end up with same too which all are based on randomness and nothing else.

Yes, I agree that the outcome can be different even when following the same strategy.
However, good bankroll management and emotional control will ensure that one player handles difficult periods much better than another who is unable to control themselves.

[Hispo]

...

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

Since we all agree psychology does not actually have the power to change outcomes of our gambling sessions, then it is supposed to be used to teach gamblers how they are supposed to react during their gambling session to their losses or their profits.
It would be foolish to assume our way of thinking have some power or influence on what could happen to our money, the only thing which actually counts on that matter is the random number generator and the edge of the house.

Bankroll management is more important than the psychological aspect of gambling, if you asked me. At least, with bankroll management one won't have to experience liquity problems and deal with committing some serious mistakes, like asking for a loan in order to gamble further.

[Peanutswar]

In terms of gambling there is a related into psychological because it's about decision making of a gambler once they have face down a current stand or situation in the game so also it affects the outcome of the game now also even the game ends and there is a result still there is a possible action of the gambler could explain in terms of behavior, action and even their emotion shows about the game.

 One of the best examples here is the different between the poker and other games. In other games you can show your expression freely so by their behavior upon the game such as mannerism shows here but in poker all you need is to have a poker face and behavior this could affect how the other people react based on your actions.

[cryptoaddictchie]

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?

Since these two involved both risky approach theres really still a huge difference. In trading you control your emotions on selling and can really work on for long term and still your money has a potential to win but also coul lose.

However in gambling its not like a long term method for profiting once you lose its done. Psychology is a term for mind so indeed its being use at most of the situation like in gambling too. Apparently some addict they reckless ignore it too once hooked with the routine and forget to clearly thinks.

[Nrcewker]

You can see two different gamblers use the same strategy and end up with different results.

You yourself said that gambling is all about luck. So how can strategies be applied to something that is primarily a game of luck? We can say that different outcomes happen because of luck. Psychology plays only a small role in gambling and does not influence the outcome of the entire bet.

You are wrong and need to understand that, in the end, all that matters is luck. So where does psychology help? It helps you stay mentally strong if you lose a large amount, avoid getting carried away, and take breaks when necessary. Those are the areas where psychology plays a role. But if you’re talking about gambling outcomes, luck is the final boss.

[Samlucky O]

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?

Is there any different between human psychology in Gambling and self control or financial management or even risk management? to me all are just thesame thing but different names. Human psychology in Gambling talks about self control and when you have self control you stop chasing loses and gamble responsibly. To me this psychology is just a name to make it look like it is different from what we already know.

[Julien_Olynpic]

It's not entirely clear what the author of this thread means by "psychology." What does "adding psychology" mean? Managing emotions? If that's what you're talking about, then it's largely true. But there's an important nuance: in casino games, we have virtually no influence on the outcome of our bets and essentially play for the thrill of it. Managing emotions is pointless there. But in sports betting, poker, and on betting platforms, we can easily manipulate probabilities, as well as our emotions, which can both help and hinder us.

[TedMosby]

IMO, it depends on the game. For skill-based games, it has a significant role. Poker could be a good example in this case. Poker involves emotional control, reading your opponent, strong mentality for the psychological warfare, etc. In poker, there is also a well-known term called "Poker Face". This is something that is highly related to psychology, defending or preparing a big move silently. By keeping a poker face, you try to stay neutral, hiding excitement or pressure to stop your opponent from reading your non-verbal info.

However, for non-skill-based games, like slots for example, you are the object of the psychological play. The only thing you can do is control yourself. It's just a one-sided psychological game, with your task only being to defend yourself and not lose control.

IMO, psychological play will only work and benefit you in gambling when you play against humans, not when you play against the machine or the algorithm.

[ruykeri]

All aspects of gambling depend on psychology. Even the gambling system is designed in such a way that people easily become addicted. Those gamblers who can control their mental factors and continue betting can reduce the amount of losses in gambling. But those who cannot control their emotions cannot accept losing do chasing losses. Sometimes they even spend their necessary money on gambling. So there is no doubt that gambling is entirely dependent on human psychology.

[Cgrexp]

When it comes to gambling, everyone has different mindset, the way they think and understand gambling are different, gambling has to do with your level of mindset and understanding if not you will find yourself getting out of hands and gambling above the target.

In gambling you have to be careful so that you don't get addicted and blame yourself, you have to control your emotions.

Everyone has different motives for gambling, some gamble for entertainment and some for money. I agree with you that it really depends on the motive how rational they are in their decisions. If someone gambles repeatedly to recoup their losses and does not give up even after losing, then it is not realistic and such behavior has psychological effects as well as financial losses. Whatever the motive  one should set their own limits on how much risk they are able to take. Responsible behavior should be aware of realistic expectations and limitations.

[Cointxz]

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?

Even without psychology the result will always be different despite they are using same strategy or whatsoever identical type of bet because the result of each games are completely random unless they are betting on same game at the same time with same result.

So it’s always reliant to luck all the outcome of every gamblers. Psychology only matters most on the application of bankroll management of each player but not on the game result.

[maydna]

But not many gamblers realize that psychology should be taught alongside bankroll management. Some of them just think that they only need to have bankroll management but forget to learn psychology. Self control is part of psychology which help you control yourself playing gambling. If psychology related to mind, then controlling your mind help you to manages the situation and whether you wins or losses, you will not continue gambling but quit gambling before your lose increase.

[Achalugo BTC]

Whether you like it or not, psychology is a must in gambling if you aim to establish player protection, and if you want to be more control of your emotions and create effective decisions in situations where constructive decisions are required.

And since gambling is highly tempting and deceiving, then the more that every gambler should have good knowledge and practice its advantage on every game. Because without psychology, its as good to say that you allow yourself to constantly lose in the process.

Exactly, without psychology, gambling will just be controlling ones emotions when gambling, as one will engage in reckless gambling that will lead to more losses, as it will also cause one problems in their lives. But, with psychology, its possible for one to be in charge of their emotions and makes the right decision, as far as it for their own wellbeing. True, gambling is so tempting that if care is not taken one can easily fall into pitfalls that can lead one into destruction, that's why I totally concur with you that psychology is very important when gambling.

[L E G E N D A R Y]

Everyone has different motives for gambling, some gamble for entertainment and some for money. I agree with you that it really depends on the motive how rational they are in their decisions. If someone gambles repeatedly to recoup their losses and does not give up even after losing, then it is not realistic and such behavior has psychological effects as well as financial losses. Whatever the motive  one should set their own limits on how much risk they are able to take. Responsible behavior should be aware of realistic expectations and limitations.

Right, that's why its important for every one to have clear mindset when gambling, because how they take gambling is what they will get in return, if one decides to gamble for money making, they will get face the consequences of their actions, likewise if they choose to gamble for fun, they will also enjoy the game as its meant to be. It all depends on mindset, but its advisable for everyone to have positive mindset towards gambling in order for them to enjoy the game as a fun game.

[danherbias07]

Yes, I strongly agree.

It's all mental. A gambler can keep on depositing because it is his choice, but sometimes it is not that way anymore. A big reason could be chasing the losses, and that's because they cannot accept the losses that happened to them. A gambler can become vengeful and would not stop until either they claim what they are aiming for or they lose all the money that they have.

This is all based on my own experience, and I actually learned it the hard way. Thankfully, I am still strong mentally and was able to overcome it, and stopped playing slots for a long time.