Jump to content
Stake Community
amarcrypto

Why most people loss in gambling?

Featured Comment

6 minutes ago, ScooterPi said:

Not only do I nearly always have decent (or even big!) wins - but I also nearly always lose soon after. 

I am not wealthy by any means - but I think that the biggest reason is simply emotion, as you all mentioned above. 

I wouldn't call it greed, in my case. But the thrill of getting a winning streak is sooooooo fun! The temptation to see how far the limit can be pushed always overpowers the reality that it's better to withdraw and come back another day. 

Such is the gambling hobby.....some days we stick to the plan. But most days we do not. 😋

Totally, the thrill and excitement while winning is so powerful that we want it to last it forever and always avoid making the wise choice even though we know the outcome too. :)

If gamblers stick to plan all casinos will go broke :D 

Share this post


Link to post
Share on other sites
45 minutes ago, amarcrypto said:

Totally, the thrill and excitement while winning is so powerful that we want it to last it forever and always avoid making the wise choice even though we know the outcome too. :)

If gamblers stick to plan all casinos will go broke :D 

Hmmmmm, amarcrypto - this is a good point.  

Maybe I can try to overpower that reaction, and have a plan in place. 

I was thinking.......perhaps giving yourself a percentage gain point, at which you withdraw those winnings? 

With a promise to yourself that you can retain a portion to play onward.

That might work well, as the biggest problem after a big win seems to be the increase in bet size coupled with a losing streak. 

 

Share this post


Link to post
Share on other sites
2 minutes ago, ScooterPi said:

I was thinking.......perhaps giving yourself a percentage gain point, at which you withdraw those winnings? 

With a promise to yourself that you can retain a portion to play onward.

That might work well, as the biggest problem after a big win seems to be the increase in bet size coupled with a losing streak. 

 

Yes, a certain percentage gain point and withdrawing once hitting it is a wise choice.

The best way to overcome the problem is just sticking with the same play style that worked before. Slowly letting the winnings collect and only increasing bet size after reaching at least 5 times the initial bankroll in profit with of course proper risk management.

Share this post


Link to post
Share on other sites
1 minute ago, ScooterPi said:

I'm going to try this out for the next few days.  Thanks!!

You know of any web resources that talk about this type of strategy? It's easier for me to stick to a plan if I understand it very well. 

Welcome, almost everything you need to work out a perfect plan is available at my blog ( smartgamblingedge.com ) If you have any doubts feel free to message :)

Share this post


Link to post
Share on other sites
2 hours ago, amarcrypto said:

Welcome, almost everything you need to work out a perfect plan is available at my blog ( smartgamblingedge.com ) If you have any doubts feel free to message :)

Interesting, I shall head over and check out the said strategies too. Thanks for providing the resources. ;)

Share this post


Link to post
Share on other sites

one of the issues is that the gambling here is digital, and basically only within your mind- which is set against a very advanced computer, of what caliber I have no fathom - but considering the calculations implied by the number of bets being made per second, and the complexity of SHA-256 cryptographic security, one can safely assume it is worth a few bitcoin. xD :s So, that is why most people lose in gambling, and even the best -- ref: blockbet lol :( -- will go down, and go down in flames. This is a money making machine - we can't compete with it, although, with very prudent management of your resources, and perhaps a great lowering of expectation, you may see profit over time. If you can find your opening, and make a big bet successfully, consider that the success of the night; withdraw, and start again from a small amount - don't overreach, don't overestimate your skills, or underestimate the House - you can't calculate your edge as quickly, or as efficiently, or as accurately, everrrr, as the processors of the server, and over time, you will lose , and badly. xD good luck, my pretties 

Share this post


Link to post
Share on other sites
5 minutes ago, BLXN said:

one of the issues is that the gambling here is digital, and basically only within your mind- which is set against a very advanced computer, of what caliber I have no fathom - but considering the calculations implied by the number of bets being made per second, and the complexity of SHA-256 cryptographic security, one can safely assume it is worth a few bitcoin. xD :s So, that is why most people lose in gambling, and even the best -- ref: blockbet lol :( -- will go down, and go down in flames. This is a money making machine - we can't compete with it, although, with very prudent management of your resources, and perhaps a great lowering of expectation, you may see profit over time. If you can find your opening, and make a big bet successfully, consider that the success of the night; withdraw, and start again from a small amount - don't overreach, don't overestimate your skills, or underestimate the House - you can't calculate your edge as quickly, or as efficiently, or as accurately, everrrr, as the processors of the server, and over time, you will lose , and badly. xD good luck, my pretties 

A most fascinating moderately lengthy input @BLXN. 😛

I guess in a nutshell it is to know your limits and know when to cash out also take risks in a reasonable manner.

Share this post


Link to post
Share on other sites
2 minutes ago, Etude said:

A most fascinating moderately lengthy input @BLXN. 😛

I guess in a nutshell it is to know your limits and know when to cash out also take risks in a reasonable manner.

Indeed, sir ( ಠ ͜ʖರೃ) pay per post, you know. ;D 

Now to cash out this small amount from the forum, and try my luck against the improbability machine. xD since it already ate 0.1 ltc within ~thirty seconds of deposit. ¯\_(ツ)_/¯ 💸

Share this post


Link to post
Share on other sites
8 hours ago, BLXN said:

one of the issues is that the gambling here is digital, and basically only within your mind- which is set against a very advanced computer, of what caliber I have no fathom - but considering the calculations implied by the number of bets being made per second, and the complexity of SHA-256 cryptographic security, one can safely assume it is worth a few bitcoin. xD :s So, that is why most people lose in gambling, and even the best -- ref: blockbet lol :( -- will go down, and go down in flames. This is a money making machine - we can't compete with it, although, with very prudent management of your resources, and perhaps a great lowering of expectation, you may see profit over time. If you can find your opening, and make a big bet successfully, consider that the success of the night; withdraw, and start again from a small amount - don't overreach, don't overestimate your skills, or underestimate the House - you can't calculate your edge as quickly, or as efficiently, or as accurately, everrrr, as the processors of the server, and over time, you will lose , and badly. xD good luck, my pretties 

Lol ppp :D Indeed the algorithms are most out of anyone calibre, the safest choice is to lower expectations and keep grinding. If you build your bankroll to good amounts, you can always have a good fight against the algorithm. Good luck to you too. :)

9 hours ago, Etude said:

Interesting, I shall head over and check out the said strategies too. Thanks for providing the resources. ;)

Welcome lots of ideas, guides and strategies are already there :)

Share this post


Link to post
Share on other sites

You missed something very important! 

Gamblers Fallacies!  ". . .belief that, if something happens more frequently than normal during a given period, it will happen less frequently in the future (or vice versa)" - Wikipedia

This flawed way of thinking during betting can be catastrophic! It makes it easier to bet carelessly or impulsively because of persuasive feelings reassuring you of an outcome. 

  • Anything can happen! Green streaks red streaks on any payout! The possibilities are endless and not affected by previous bets. 
  • Do not lower your guard no matter what you see.
  • Stay thinking, avoid feeling! Impulse and carelessness are your enemies!
  • Do not lose control, if you find yourself losing control then its time for a Break! The more tired, sleepy, or hungry you get the weaker your mind will be leaving your mind susceptible to emotions and feelings. One small trigger is all it takes for you to just lose focus, and start betting recklessly.  Why do you think pilnko balls fall the way they do?

Honestly i do not even think casino's need a house edge to make profit. The vulnerabilities and weaknesses in humans alone i think would be enough to profit from. Relying on the flaws and tendencies in human nature. Greed, selfishness, foolishness, impulse, and emotions all cloud the mind making anyone of little threat to the casino. If your wanting to profit, then bet with a sharp, clear, and fortified mind starting with your health, then your mindset. 

Even if your playing just to have fun, taking these things into consideration will ensure you have the longest and best quality entertainment playtime. Losing is never fun, right?

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×