Gambling all about knowing how to predict games

[Olatundespo]

So many of us see gambling mainly as a game of luck, but i think studying games very well and knowing how to predict games also plays a very important role. Two people can bet same amount of money and have completely different results at the end of the day because of the prediction. And one of the biggest problems so far is knowing when to stop. After losing bets, it is very easy to become emotional and increase the stake just because you want to recover the previous loss. The same thing can happen after winning, when confidence makes someone start taking bigger risks.

So am actually curious about other people experience apart from mine:

What do you guys think is more important in gambling? And what is the biggest mistake you have made while gambling?

Gambling is an activity that the outcome relys on luck, no matter how skilled you are in prediction, there are some accurate prediction that can still go bad and cause you to lose your money but when luck prevails, you can definitely win that game, that's why I also believe that gambling relys on luck. There was a thread that was created last week about a man who lost about $400 because of man-U match, normally that match would have been a win but the team ran out of luck and so those that bet on their that also lost their bet.

Apart from knowing when to stop which you said is one big problem in gambling, another bigger problem is using the amount of money that you can not afford to lose to gamble, some people are fund of making such mistake which creates bigger problem for them.

While analyzing a team's past performance can provide an idea of ​​the odds, they do not guarantee the outcome. Even if a team is ahead, the outcome may be different due to specific momentary events or other uncertain circumstances.  The important thing is the source of the gambling money and the impact that losing that money will have on the person's life. If someone uses a limited amount of money that will not affect their financial responsibilities even if lost, it can be seen as a type of limited risk. The outcome of a match can not only cause financial loss but also put pressure on the person's overall financial situation. Therefore, it is important to know when to stop when gambling and also to set a limit in advance on how much money can be risked and what money should never be risked.

The present and future are not determined based on past performance but in most of the matches the strong team can win. In some unexpected matches a good team can lose against a weak team, but that is very rare. You have to bet as if you are going to lose that bet. I had a misconception about betting on sports and getting easy wins when I was a newbie, but for gamblers every gamble is difficult and the possibility of loss is high. In tournaments that are held in the past or currently, gamblers have a strong desire to win, but in some matches, the victory of unpopular teams creates extreme excitement among the fans and a lack of confidence among gamblers. Even though the profit is small, gamblers bet on their favorite team. Avoid betting more than you can afford in each bet. Which team will win is determined by the performance on the field. Past performance affects a lot, but the present should also be given priority.

[Itz-prisigold]

That's a wrong perception. If you can't control your emotions and you have a lot of money, you will eventually go bankrupt over time. I don't know if you are really a gambler, because if you are, you should have experienced being undisciplined while gambling, and most of the time you will just end up regretting it.

Probably this is where emotions and money management has some connection. Simply because a person has a lot of money doesn't necessarily mean they can control gambling. People can still end up making poor decisions if they get too emotional about the win/loss.  The issue might be something that you might not notice right away, but if an addicted gambling keeps on making emotional decision then it can become a big financial burden to himself and his family too.

I will always say this if gambling is draining you, the best thing to do is to call it a quit or take a break for sometime. And when you notice that you're starting to make bets based on frustration or maybe excitement then that is a clear signal that you need to stop.

[Zigabel]

That's a strategy based on hope, predictions aren't guaranteed, and thats where you are wrong, no matter what you do as a gambler you will lose money, monitor everything or even turn into a artificial intelligence being you will lose.

You can't beat something that's versioned to be on top on every call, casinos are the ones on the safest side,  they are the ones who can boss around saying they know pretty well how things will end.

I cant agree any less with these points of yours, because firstly, we need to understand that the games are majorly of two kinds, the sports games and the casino games, and even in both of them, the Casino always do have the leading edge which we know is more like a constant. We need to understand that with the sports games, they are been carried out by humans and that comes with a whole lot of unpredictable factors which will always influence almost every game. The casino games are regulated by the casino with little to probably no Realtime interference as it is run on a programmed algorithm, All of these factors together always put the Casino at advantage since they are in for the long term and not like they are looking to get some quick win and exit like most gamblers does.

Both the casino and the gamblers have little to almost no control of the final outcome so even an AI may likely not be 100% on this one regardless of how much they try because the human factors cannot be always predicted completely all the time. The casino always and will always have the winning edge all the time.

[ruykeri]

I don't think acquiring knowledge has any contribution to make in terms of winning when it comes to gambling. You don't have to be specialised on anything before making prediction, the major things that people consider before making a prediction is how good or weak the teams are. Gambling doesn't give any thing that guarantee wins, if you make any predictions and it is your lucky day, you will definitely win. After loosing bet some people realise that they are already at their stop point, and save themselves from more or further lose. Some made the mistake of risking more money, in order to yield a great profit.

I think most gamblers cannot accept losses easily. If someone stopped betting thinking that the amount of losses is increasing beyond his limit , then we would not have seen any cases of addiction to betting. Aggressive betting can cause financial losses to a gambler and if it is continued regularly, it can become a severe addiction. One should understand when to stop while gambling and control decisions. Making decisions with emotion and making decisions in a hurry can make  losses. And one thing that all gamblers should hold very strongly is that no kind of strategy, experience, or analytical skills can affect the results of betting. If a gambler is a victim of profit or loss, the main reason behind it is that his luck did not work in his favor at that time. Maybe the person will win a big amount by betting on another day in the future, but the time he lost should be accepted as normal.

[ejikeme24]

a person has a lot of money doesn't necessarily mean they can control gambling. People can still end up making poor decisions if they get too emotional about the win/loss.  The issue might be something that you might not notice right away, but if an addicted gambling keeps on making emotional decision then it can become a big financial burden to himself and his family too.

Control gambling as how? I don't think if anyone would think of such because gambling was never created in such a way that anyone I mean bettors will have control over them. It's only the house that has control over gambling, so those who feel they can easily control gambling end up losing a lot of money, I have seen a rich man who claims he can make all the money he wants through gambling. And then he started betting heavily right now as we speak he doesn't have money like before because gamble has humbled him and that's how it will keep humbling those that think they can actually control it.

[Donk1]

I do not think that the study of gambling for a long time plays a direct role in the results of a person's gambling. However, it can be said that if a person studies gambling properly, he can be aware of the dangers of gambling and be careful and can establish himself as a self-controlled gambler.

Well true a person doesn't need to study gambling on how to play it, but on how to control themselves towards it so they wouldn't end up being addicted to constantly staking irrationally.Most times I even find it amusing when I hear most of my friends who gamble call being consistent in gambling a good thing, and I would be like, Let's talk reasoning Is gambling a job or Does it have lasting value? Those are the questions I often ask but they often seem not to mind me....

What can I say Their beliefs are that they have to take the risk to make money, and one day they can win a big amount of money if only they are consistent. But what they aren't aware of is how doing it too much could cause severe issues based on their emotions and their mental state.So yeah perhaps learning about gambling psychology would be a good thing just to avoid irrational behavior. That's all.....

[letteredhub]

What do you guys think is more important in gambling? And what is the biggest mistake you have made while gambling?

People talk about winning bets and making profit as a most important aspect of being a sound gambler but I think it goes beyond just being focused on winning alone but knowing your threshold and recognising it, as a gambler, whether you're in a loss or winning streaks, knowing when to stop is an ultimate saver against more losses or losing back to the house the profit that has being made for the day.

[L E G E N D A R Y]

Probably this is where emotions and money management has some connection. Simply because a person has a lot of money doesn't necessarily mean they can control gambling. People can still end up making poor decisions if they get too emotional about the win/loss.  The issue might be something that you might not notice right away, but if an addicted gambling keeps on making emotional decision then it can become a big financial burden to himself and his family too.

I will always say this if gambling is draining you, the best thing to do is to call it a quit or take a break for sometime. And when you notice that you're starting to make bets based on frustration or maybe excitement then that is a clear signal that you need to stop.

Having a huge bankroll can actually make emotional gambling harder to notice because the gambler may not actually feel the impact of the losses immediately. They can keep on going on and on and increasing their stakes while still believing that they’re completely in control simply because they can stomach the losses at that particular time. But a good way to know this is when we begin to notice that gambling is gradually beginning to influence our financial decisions and emotions outside the game, that’s the biggest warning sign.

[mak013]

If you can predict an outcome correctly, you are being a god. That is not possible for anybody.

You can only assume what the outcome can be hence there will always be a 50-50 chance of being win or loss.

Thus predicting correctly or not is less important over budgeting your wager volume properly. That will help you play for long but not let you go bankrupt. Luck can turn the entire prediction upside down so dont be over confident.

If you bet at odds of 2 or higher and have a 50% chance of winning, that's enough to at least break even.
If you seriously prepare your analysis materials, then do a high-quality analysis, then calculate your risks, and only then place a bet sized according to your money management, you can achieve a win rate of about 60-70%. That's enough to make a stable profit (if "stable" is even a word we can use for gambling).
Many factors are involved. It's not easy, but it's possible.

[Smartprofit]

So many of us see gambling mainly as a game of luck, but i think studying games very well and knowing how to predict games also plays a very important role. Two people can bet same amount of money and have completely different results at the end of the day because of the prediction. And one of the biggest problems so far is knowing when to stop. After losing bets, it is very easy to become emotional and increase the stake just because you want to recover the previous loss. The same thing can happen after winning, when confidence makes someone start taking bigger risks.

So am actually curious about other people experience apart from mine:

What do you guys think is more important in gambling? And what is the biggest mistake you have made while gambling?

What I reckon is that if you’d followed your own advice – that is, if you’d actually studied gambling properly – you wouldn’t be spouting that rubbish. No, studying games that have a house edge isn’t going to make you win more or less; if anything, if you study them too much, you’ll probably stop playing them and start thinking more about setting up your own casino to turn the house edge to your advantage.

I do not think that the study of gambling for a long time plays a direct role in the results of a person's gambling. However, it can be said that if a person studies gambling properly, he can be aware of the dangers of gambling and be careful and can establish himself as a self-controlled gambler.
However, as always, I will say again that the results of gambling are entirely dependent on luck. However, in the case of sports betting, if one has a good understanding of sports analysis and teams, one may increase the chances of winning in gambling.

That’s the problem: to begin with, the OP hasn’t distinguished between skill-based activities such as sports betting and games that have a house edge.

In my opinion, there are two types of gambling. The first type are games whose outcome depends solely on luck (for example, roulette, craps, slot machines, and so on). The second type are games whose outcome depends both on luck and the player's knowledge, skill, and ability. These games include poker, blackjack, and sports betting. 🙋

That's it.

By the way, I was playing roulette today (I made 50 spins) and wondered if it was possible to somehow influence the outcome. 🙋

From a theoretical standpoint, no, it's impossible! It's impossible to cheat the mathematical theory of probability...

However, if we assume that the roulette outcome doesn't depend on the laws of mathematical probability, but is subject to the will of some person (the dealer, the programmer, or the casino owner), then it's possible.

This immediately brings to mind the story of the Coldcard hardware wallet hack. It's impossible to hack a wallet with a high-entropy seed (entropy is a measure of chaos). However, if the seed has low entropy for some reason, it can be hacked (we recently witnessed this horrific story with Coldcard).

Therefore, if roulette is an inherently fair game with high entropy, then a player has no chance of gaining a competitive advantage in gambling.  If the game is unfair (has low entropy), then a player has the potential to gain a competitive advantage (especially if there are many players). What an unexpected paradox! 🧖

[WhoYouCantKill]

If you bet at odds of 2 or higher and have a 50% chance of winning, that's enough to at least break even.
If you seriously prepare your analysis materials, then do a high-quality analysis, then calculate your risks, and only then place a bet sized according to your money management, you can achieve a win rate of about 60-70%. That's enough to make a stable profit (if "stable" is even a word we can use for gambling).
Many factors are involved. It's not easy, but it's possible.

Mere looking at it on paper, the math may look pretty much convincing, but where the real challenge lies is getting to prove that the estimated 60-70% win rate can actually be sustainable. There are so many things that a short winning streak can make someone do, and that involves thinking and believing that their analysis method is highly effective, but when tested for longer term, the results and outcomes would say otherwise. For me, I believe consistency and a longer time horizon is what can best separate an actual effective strategy from a mere streak of luck.

[JunaidAzizi]

People talk about winning bets and making profit as a most important aspect of being a sound gambler but I think it goes beyond just being focused on winning alone but knowing your threshold and recognising it, as a gambler, whether you're in a loss or winning streaks, knowing when to stop is an ultimate saver against more losses or losing back to the house the profit that has being made for the day.

That is a skill that needs to be learned more. Too many wins sometimes act like a trap, giving you a taste of profits. You will never stop wanting your winnings to be more and more, and after too much profit your belief gains strength, leading you to invest more money. However, when you reach a level where you are fully engaged, a U turn is planned and casinos start taking it back. You begin to make emotional decisions and end up losing all your money. So, if you can make it fixed, then you won't exceed your limits and will stay in profit at the end.

[Dareo]

What do you guys think is more important in gambling? And what is the biggest mistake you have made while gambling?

No matter how much analysis is done on the statistics of a football match or the probability of a goal in the second half, at the end of the day, you have to rely on luck to some extent. However the biggest mistake in gambling or betting is not being able to control your emotions. After losing a few bets in a row, people often place big bets without backup funds to cover their losses, If you do not cash out at the right time and hope for more profit, many winning matches are lost at the last minute.  So no matter how well you analyze the game, if you do not know how to control your greed and stop at the right time, all the experience is actually wasted.

[eisen33]

So many of us see gambling mainly as a game of luck, but i think studying games very well and knowing how to predict games also plays a very important role. Two people can bet same amount of money and have completely different results at the end of the day because of the prediction. And one of the biggest problems so far is knowing when to stop. After losing bets, it is very easy to become emotional and increase the stake just because you want to recover the previous loss. The same thing can happen after winning, when confidence makes someone start taking bigger risks.

So am actually curious about other people experience apart from mine:

What do you guys think is more important in gambling? And what is the biggest mistake you have made while gambling?

It's important to look not only at how much players are betting, because different players can bet the same amount, but what they're betting on matters more. Whether a player is playing slots or betting, whether they're playing with a strategy or not, all of this will matter. My biggest mistake was going all in when I was overconfident in the team I was betting on. After that, I only bet fixed bets, even when I'm more confident than usual.

[L E G E N D A R Y]

No matter how much analysis is done on the statistics of a football match or the probability of a goal in the second half, at the end of the day, you have to rely on luck to some extent. However the biggest mistake in gambling or betting is not being able to control your emotions. After losing a few bets in a row, people often place big bets without backup funds to cover their losses, If you do not cash out at the right time and hope for more profit, many winning matches are lost at the last minute.  So no matter how well you analyze the game, if you do not know how to control your greed and stop at the right time, all the experience is actually wasted.

The need to recover a loss can quietly change a gambler’s behavior even without them knowing it. The moment they start making the next bet about recovering the money lost in the last one, decisions becomes impaired and more emotional, and if there’s one thing I’ve learned in gambling, it’s the fact that emotions don’t cook the best decisions when making analysis and predictions. And the funniest thing about this is that, at that point, even a good analysis may not really mean much anymore, because the goal have already shifted from just analyzing the match to doing what you have to just to win the bet.

[skarais]

~~~

It's important to look not only at how much players are betting, because different players can bet the same amount, but what they're betting on matters more. Whether a player is playing slots or betting, whether they're playing with a strategy or not, all of this will matter. My biggest mistake was going all in when I was overconfident in the team I was betting on. After that, I only bet fixed bets, even when I'm more confident than usual.

Gambling is about having fun, being happy when winning it and of course having to be happy when not winning anything. The victory is synonymous with luck in gambling games. People always say you're lucky when you win something, even when you have the strategy and expertise to start with. The Gambler's mistake is when they expect too much, certainly because they start to think that they can get rich faster with it. Addiction is just a consequence that comes at a price because of the wrong mindset towards gambling, but being a responsible gambler is always advisable.

[fredericktaylor]

What do you guys think is more important in gambling? And what is the biggest mistake you have made while gambling?

People talk about winning bets and making profit as a most important aspect of being a sound gambler but I think it goes beyond just being focused on winning alone but knowing your threshold and recognising it, as a gambler, whether you're in a loss or winning streaks, knowing when to stop is an ultimate saver against more losses or losing back to the house the profit that has being made for the day.

Winning bets through gambling is never enough for a gambler because winning plays a big role in luck here, but it is very important to control your greed and get out of the aggressive mindset in the hope of getting more money and do research before betting and maintain self-control over yourself without betting more on emotions by winning money. If we cannot control ourselves at the right time through gambling, then the risk of losing money will increase manifold, so it is wise to limit greed within your means. As a result, the gambler will be able to maintain self-control over himself, thus the risk of losing money will be reduced, and as a result, the horror of gambling will not affect life.

[leonair]

What do you guys think is more important in gambling? And what is the biggest mistake you have made while gambling?

People talk about winning bets and making profit as a most important aspect of being a sound gambler but I think it goes beyond just being focused on winning alone but knowing your threshold and recognising it, as a gambler, whether you're in a loss or winning streaks, knowing when to stop is an ultimate saver against more losses or losing back to the house the profit that has being made for the day.

Winning bets through gambling is never enough for a gambler because winning plays a big role in luck here, but it is very important to control your greed and get out of the aggressive mindset in the hope of getting more money and do research before betting and maintain self-control over yourself without betting more on emotions by winning money. If we cannot control ourselves at the right time through gambling, then the risk of losing money will increase manifold, so it is wise to limit greed within your means. As a result, the gambler will be able to maintain self-control over himself, thus the risk of losing money will be reduced, and as a result, the horror of gambling will not affect life.

Yes, it is true that winning in gambling does not mean achieving something big because it is very difficult to maintain it. Gambling is a mind game. Here, the more greedy a gambler is and the faster he wants to achieve something big, the more greedy he becomes and the faster he loses his profits and also loses his own capital. Gambling games are maximum games where only a prediction can be made but the possibility of winning cannot be guaranteed. That is why controlling your emotions and greed is the biggest game here. Those who can control their greed can be ahead a lot in this game of gambling.

[BitcoinPak]

Gambling is about having fun, being happy when winning it and of course having to be happy when not winning anything. The victory is synonymous with luck in gambling games. People always say you're lucky when you win something, even when you have the strategy and expertise to start with. The Gambler's mistake is when they expect too much, certainly because they start to think that they can get rich faster with it. Addiction is just a consequence that comes at a price because of the wrong mindset towards gambling, but being a responsible gambler is always advisable.

When it comes to gambling games or casino games, there are no strategies or expertise that can give a gambler an edge over the house, and that's what people need to understand. Those who think they have found a strategy or a pattern that can make them win are basically delusional, and their minds are playing that game with them by making them think that there are patterns that they can read or understand and then gamble accordingly to win, but such things don't exist, and such mindsets will only make them lose more.

Casino games are all about luck, even though if we talk about sports betting, we can say that expertise or knowledge can make a difference because the more knowledge and experience you have, the better your predictions can be, but in casino games, predictions don't work, all you can do is decide how much you are willing to risk, and just press the button to see the results. If you are lucky, you will win, and if unlucky, you will lose, which is why it's important and is always said that gamblers should only risk what they can afford to lose.