Can you discipline yourself

[Kariuki]

One of the most important thing about gambling is taking control, I mean as long as you are winning , there is excitement and there is a lot of calculations if you get this you might buy that, but that is not true, alot of work is needed, including working on your own emotions.

Winning, then here comes the big L, you lose, and its painful, then you are out to take on a revenge, and you try your best to hit the big one that refunds your lose, and you find out its even worse, now you are confused and you dont know what to do, thats when stress gets in and then depression.

The most important thing is to learn how to discipline yourself and to have control, always know your set in loses, and dont overdo anything, you get something, run with it, there is next time, be careful with your emotions because so many times people lose because they cannot take care of themselves.

[fdokfo]

I was in the sports chat and a member mentioned how he lost 1.5 btc because he chased his losses too hard so yeah once you win or you loose just take it neutrally because you get carried away with good luck and bad luck

[Kariuki]

12 minutes ago, fdofo said:

I was in the sports chat and a member mentioned how he lost 1.5 btc because he chased his losses too hard so yeah once you win or you loose just take it neutrally because you get carried away with good luck and bad luck

1.5 BTC is a lot, by the way I just lost around 25 ripples but am planning a way to get them back though not now but sometime soon maybe a month or two , am not planning to deposit any time soon, what ever I have I must really work with it and multiply it, am all in the process of learning everything in this forum

[skrieeee]

nope, I see large balance in my account, I gamble hard. But from time to time I slowly convinced myself: How about limiting my betting every day, in other words, putting a cap on what I am betting.

Its natural to go hard on betting especially going on a losing streak, but the more you lose, you slowly convincing yourself that doing this might gives your strategy a losing cycle.

[Aiza824]

Yeah I could because I know what my wallet can afford. I never deposit something that will damage my expenses for bills, personal and daily necessities.

[BidaManEris]

There is very little initiative in adhering such "discipline" while playing especially when presented with huge streaks of losses/wins. Here's a scholarly quote from Wiki.

Quote

Quitting while ahead is unlikely, though, since a gambler who is winning has little incentive to quit, and is instead encouraged to continue to gamble by their winning. Once in the throes of a winning streak, the individual may even become convinced that it is their skill, rather than chance, causing their winnings, or good luck is on their side, and thus it seems especially senseless to stop.

The mistaken idea that a losing streak in a game of chance has to come to an end because the frequency of one event has an effect on a following independent event.

Therefore, players think that it is necessary to continue playing while winning and necessary to continue playing while losing.

- David Ewing

 

[Ali saher]

I mostly try gambling not affect in my real life I not so much react after winning big or losing big because I play with my extra money and play in limits how much I afford that's why not my mod change playing gambling.

[reebox]

I can but more often fail, I have a challenge when playing that is to keep trying to produce 10% of balance when playing but this very often fails because I sometimes do not get 10% so I play emotion and lose balance.