Tag Archives: losses
Are you a problem gambler? (Page 1 of 2)
Gamblers who fall in love with the excitement and “action” of gambling may, at first, be quite successful. They have fantasies of further success and of gambling becoming their personal path to wealth and power. Those who are headed for problems think they are smarter than the average bettor. They know that gambling is going to work for them because they, unlike less clever people, really understand how to beat the system.
As they become more involved in gambling, they derive an increasing portion of their self-esteem from seeing themselves as smart or lucky. Because of this, two things happen when they do incur the inevitable losses. First, they suffer monetary loss. Second, and often more important, they suffer a deflated ego.
To salvage their self-esteem, they rationalize losses by blaming other people, such as the jockey or the pitcher, or by blaming “bad luck” in cards, craps or lotteries. Or they reflect on their handicapping abilities and tell themselves they will not make the same “mistake” the next time.
The monetary loss is another matter, however, and this is dealt with differently. In order to recoup the loss, many gamblers “chase.” That is, they continue their betting and increase the amount of their bets in order to get even. Instead of saying, “It’s lost,” the chaser says, “I’ll get even tomorrow.” Chasing losses leads the gambler to gamble with more than he or she can afford to lose, and often to borrowing money in an effort to get even.
Many gamblers may chase for short periods, until they learn from bitter experience that this is counterproductive. The long-term preoccupation with chasing losses is the defining characteristic of the pathological gambler.
Chasing seems logical to many gamblers, as it means giving oneself a chance to get even.
If a gambler stops chasing, both money and self-esteem are lost. If the gambler continues chasing and wins, both can be regained. There is, therefore, the impetus to borrow in order to recoup losses. When continued gambling leads to still more losses, the compulsive gambler continues to borrow. The more money borrowed, the greater the commitment to more gambling as the only possible means of gaining enough money to pay off the debt.
This spiraling commitment to increased gambling often depletes family resources. Many compulsive gamblers cash in joint savings bonds, empty checking accounts, pawn joint property, and take out loans without the spouse’s knowledge. In order to preserve or regain respectability in the eyes of parents, spouse and others — and because their paychecks are insufficient — desperate gamblers see more gambling as the only alternative.
Fearing loss of respectability, the gambler hides loans. When gamblers default on the loans, fear that the bank or loan company will tell their spouse may drive them to more gambling as a possible quick way out. The behavior that caused the problem is increasingly seen by the gambler as the only solution, as there is no other way to get the needed money quickly.
Why People Loose in Sports Betting?
All people coming to the field of sports betting wants to win. But it is a fact that everyone cannot win in a game. There have to be a winner and loser in a game and so is in sports betting. You will naturally be upset when you lose. You have to change your attitude towards sports betting when you are loosing. If you are person who cannot change your attitude then you are not suitable for gambling.
There are occasions when a person loose continuously for days, weeks or even weeks. This is inevitable in the field of gambling. You have to remain patient and study the game before getting upset. You must be able to get along with the realities rather than trying to fight them. The ups and downs are realities in life and son is in sports betting. You should think of a method that can help you to win consistently. There are seasons when the winning bettors are as high as 60 percentages.
You must realize the fact than consistent winning cannot be attained in any form of betting. A successful bettor will always anticipate a loss and will be prepared for that. If you are upset when a loss occurs you will be driven emotionally. These emotional decisions will result in more failure. You should learn to stay on the course and try to get a 55 to 60 percentage win over the long haul.
You may be betting too much when you are loosing for a longer period. If you are able to sustain the short term losses then you will be able to stay in the field for a longer term. When you are loosing continuously bet only for small percentage of your bankroll. You can hit back after over coming the shot term losses. You should have the ability to manage the sports betting like a business.