Can winning more than losing sometimes make a gambler more risky?

[B2Z]

We often talk about losing and after losing, gamblers naturally think that they need to withdraw more money than they lost by betting or gambling, so they gamble aggressively after losing.

But is a person more risky when he wins more than expected?

For example, if a gambler wins several times in a row, he will be very happy in his mind, but if this happens more than once, something will change in his mind, such as thinking that since he is winning continuously, he should use more money because if he wins by using more money, he will get more money back. After changing his plan in this way, when he does not get the expected win as before, he will go outside the plan and make decisions that may go against him.

Gamblers often win because of luck and gamblers often consider this luck to be their own skill. As a result, when luck does not help them later, they lose and when they lose money, they become excited to get back the lost money.

So I would say that both winning and losing can make a gambler uncontrollable if the gambler does not have control over his gambling. But yes I would agree that sometimes winning rather than losing leads a gambler to make riskier decisions.

[Merit.s]

Of course, both can make a gambler addicted if he doesn't have self control over his gambling activities. We have heard and seen stories about gamblers who won the jackpot, and became broke again because they weren't satisfied with their huge profit and needed more.

Over confidence is another thing that gives gamblers false hope that the game is within their control and that will make them increase their bet. After losing, they'll start chasing their profits. If only gamblers can understand that luck is what brings the win and luck isn't a permanent thing, I believe majority will gamble responsible and avoid chasing their losses.

[Oshosondy]

It has happened to me before very well, when I win while gambling, I will continue to gamble more, but at the end of the day, I will still be losing. But there was a day that I gambled several times from morning till night and I won all that day which was very surprising, but I lost all the money the following day. This is very common to new gamblers or also common to those that are addicted to gambling. It was later that changed in a way that if I win, I will withdraw the money won immediately.

[Youngrebel]

Gamblers often win because of luck and gamblers often consider this luck to be their own skill. As a result, when luck does not help them later, they lose and when they lose money, they become excited to get back the lost money.

So I would say that both winning and losing can make a gambler uncontrollable if the gambler does not have control over his gambling. But yes I would agree that sometimes winning rather than losing leads a gambler to make riskier decisions.

Talking about this points that you made, a lot of gamblers get carried away whenever they are winning, even when it is a function of luck some may start thinking that they have a system or skill that actually works until they see that they are actually wrong about it. When gamblers chase the money that they have lost i would not really call it excitement per se, it's actually a dopamine rush and in most cases this leads to gambling addiction.

it is actually true thay winning and losing are both capable in making a gambler lose control if they don't have self control but I would not say that winning makes a gambler take riskier decisions more than losing, generalising this is wrong because for some gamblers they find it more difficult to control their impulses when they are losing than winning.

[Findingnemo]

When someone is stupid then they will make wrong decisions irrespective of they are winning or losing, and they will even justify their decisions with lame excuses.

If we find someone doing that such as betting more because they are winning means they are simply greedy and thought they could become rich by gambling alone so they won't even hesistate to take loand and gamble with it with the presumption of they are winning the bets already.

[free-bit.co.in]

But is a person more risky when he wins more than expected?

Actually, winning itself does not make us reckless.
Rather it is how we interpret that win that is the main question.

Let's say you win 5 bets in a row, thats pretty good. Real danger will occur when you start thinking, that you are playing really well now, you understand the game, so you should increase your stake this time. It is something like illusion of control.

So I would say that winning definitely has something to do with our perceived control. And that perceived control increase our risk taking behavior a lot.

[Ojima-ojo]

Repeated winnings can cause a re-enforcement spirit in the gambler, and also constant losses can cause chasing the loses tendency to chase losses in gambling., so both losing and winnings in gambling need alot of control to get it desired outcome that is less of risks to previous wins.


Winning influence passive thride of repeated Emotions as much as losing create the force recovery emotions that lead to increase bet seize and risking more than you can handle when the unexpected outcome happens.

[o48o]

That would depend on your personality. But in short, yes, both winning and losing can cause that.

It's known that stress, adrenaline or rush makes you less unable to be keep control. They can make your subconscious relieve stress by making shortcuts over patience. When you are under rush or distress, you will be more likely to make rash decisions. That's because your brain is trying to relieve that stress by making shortcuts and believe to all sort of biases like gambler's fallacy.

This is why advertisers try to push subconscious messages to people. They are more inclined to make rash decisions and buy something, and thinking they were rational while buying it.

[DanWalker]

sometimes winning rather than losing leads a gambler to make riskier decisions.

I wouldn't put winning and losing on same level psychologically. Loss-chasing is much more established problem. Any gambler could bet more aggressively after a loss in order to recover that money. I have noticed that after a loss my gambling propensity increases and I play faster.  

So for me the real enemy is not just winning or losing. Real problem is how our decision making changes after the outcome. After a win I can bet better by thinking skillfully. But after a loss chasing starts from the thought I have to get it back.

[coin-investor]

But yes I would agree that sometimes winning rather than losing leads a gambler to make riskier decisions.

Winning is a confidence booster, and you want to strike while it's hot; I experience that myself, having a long run of winning,
but there is a trap in winning: when a player doesn't know how to stop or control his momentum, and he starts losing, he tries to recapture his winning run, only to be disappointed when it ends, and the house takes over your money.
So there is a high risk in winning; it gives you false hope that you can regain part fo your losses. Treat every session differently; never chase your losses.

[Pandu Geddon]

But is a person more risky when he wins more than expected?

This should not happen to experienced gamblers, meaning gamblers who can control their emotions, not addicted gamblers. If you win an amount exceeding your expectations, with a quick response, you will immediately make a withdrawal. However, it is very possible that you leave a small portion of your capital in your gambling account to continue playing. In this situation, gamblers usually can take higher risks because they feel that they have already won.

[PostQuantumBTC]

I wouldn't put winning and losing on same level psychologically. Loss-chasing is much more established problem. Any gambler could bet more aggressively after a loss in order to recover that money. I have noticed that after a loss my gambling propensity increases and I play faster. 

They are not on the same level psychologically because any gambler that is winning has good thinking about gambling more in a way that his mind will relax but if the gambler is losing, the gambler may be experiencing stresses, restlessness and increased heard beats.

But something is common to both gamblers which I mentioned, that is increasing time of betting or betting higher amount of money on gambling and that can let the gambler lose at the end.

[Dareo]

The risk may increase after winning but I don't think that it always increases, I think the real problem here is not winning often, but the interpretation of winning. If someone assumes that their strategy is working or their luck is good now after winning a few times, then excessive confidence in their own control can develop. Another thing is that someone may increase their risk after winning because they have extra money in their hands. But it is still important to look at the money from previous wins separately.  For example if you start with $100 and end up with $300, the risk increases a lot when you consider the entire $300 new betting amount. Even after winning, people sometimes make their biggest mistake.

[Dr.Bitcoin_Strange]

But is a person more risky when he wins more than expected?

For example, if a gambler wins several times in a row, he will be very happy in his mind, but if this happens more than once, something will change in his mind, such as thinking that since he is winning continuously, he should use more money because if he wins by using more money, he will get more money back. After changing his plan in this way, when he does not get the expected win as before, he will go outside the plan and make decisions that may go against him.

This kind of luck actually makes some gamblers to be extremely overconfident about any strategy that they think is working for them and that can make them to risk more money that they can not afford to lose. While this actually affects some gamblers negatively, individual difference stands out, there are gamblers that will always maintain self discipline and responsible gambling approach whether they are winning all the time or not, that is because they understand that gambling is a game of luck. Personally, whether I am winning too often or not, I will never risk more than the amount I can not afford to lose. Yesterday I was playing crash game, I won 4 rounds straight up without losing but it never convinced me to risk all my balance in just 1 wager, that's because I know that the next round is always uncertain.

Those that understand the game will always maintain proper risk management while those that are too desperate will also risk all their money to get big reward but what they fail to understand is that, gambling is a game of probability.

[Proty]

 The reason why gamblers often chase after losses after losing on several occasions is because of there mindset. Those that gamble to make profit or see gambling as a source of income are often the person that chase after losses .
Winning several times in a row can trigger those that are gambling for profit to lose control and then gamble with more than what they can afford to lose. Those that are gambling for entertainment will not lose control because of several winning because they are not gambling to make money but for entertainment. It is important for gambler to have self control and to also understand that gambling is a game of luck and winning several times in a row doesn't mean that the next bet is guarantee.

[Smack That Ace]

if a gambler wins several times in a row, he will be very happy in his mind, but if this happens more than once, something will change in his mind, such as thinking that since he is winning continuously, he should use more money because if he wins by using more money, he will get more money back.

A winning streak does not necessarily mean that probability of my future bets will be in my favor. Even if I win 3 bet in a row, the odds on bet number 4 won't marvelously improve because of my previous good bet. Similarly saying I will must win this time because I lost my previous 5, is not rational probability analysis.

This is why I like to isolate my betting strategy from the end result. A winning bet can be a sinful decision. A losing bet can be a good decision if the probability, odds and bankroll management are reasonable.

[Rockstarguy]

So I would say that both winning and losing can make a gambler uncontrollable if the gambler does not have control over his gambling. But yes I would agree that sometimes winning rather than losing leads a gambler to make riskier decisions.

Winning or losing in gambling can lead one to make bad decisions; this is why understanding it is important. A good understanding helps one make the right decisions, irrespective of the state one finds oneself in while gambling, because winning can make some gamblers greedy and eager to go after more. Conversely, when one loses, it can make them feel that their chance of winning is very close, prompting them to continue playing. Both outcomes of gambling can be very controlling; it takes a good understanding to make sound decisions regarding gambling outcomes.

[Frankolala]

Everyone loves consistent winning and when that's happening, they forget that luck is in their favor instead, they want to take the glory as if it's by their own strategy. This is what makes it dangerous because if they start losing, they will believe that they ain't getting something right in their strategy and that will give them the confidence that they can fix it. Before you know it they have started chasing their losses due to their emotions.

[Popkon6]

Gamblers start gambling aggressively when they lose too much money, those who cannot bear to lose money are faced with gambling addicts. Gamblers eventually start behaving in ways that a gambler should never do. The signs of gambling addiction are most visible in this era, because every adult and minor accepts gambling as a source of income.
Only those whose intentions are wrong lose money from gambling, and in the end they are forced to lose and lose even more money by reaching the goal of addiction. Therefore, to get rid of this situation, it is necessary to follow strategies, if you follow the gambling strategies, you will be able to stay away from the signs of addiction.

[Odusko]

I wouldn't put winning and losing on same level psychologically. Loss-chasing is much more established problem. Any gambler could bet more aggressively after a loss in order to recover that money. I have noticed that after a loss my gambling propensity increases and I play faster. 

They are not on the same level psychologically because any gambler that is winning has good thinking about gambling more in a way that his mind will relax but if the gambler is losing, the gambler may be experiencing stresses, restlessness and increased heard beats.

But something is common to both gamblers which I mentioned, that is increasing time of betting or betting a higher amount of money on gambling and that can let the gambler lose in the end.

Physiological level can be defined by the way a gamblers end in the results, let not say that a gambler who is winning have more Physiological balance than the one losing because after all losing and winning are in the same environment and subject to the luck of the gambler unless on a highly luck based games, so we shouldn't allow one particular direction determine the Physiological logic around gambling, what is most needed is accurate management both in winning and losing at the same level.