Post
Topic
Board Gambling discussion
Re: The psychology of betting.....
by
cabron
on 29/06/2023, 18:25:01 UTC
As humans, we are conditioned to look for patterns in life and we gamblers try to make predictions based on what we see, while we are gambling. The reality is that these patterns does not exist, but we like to pretend that they do because it helps us to bring order to the chaos that are gambling.  Roll Eyes

Some people seem to think that your bet size will increase your chances to win, but that is simply a myth. The reality is that it simply means your payouts will be bigger when you do win.

I believe this is all about faith!

We gamblers need to believe that there is some meaning to gambling, something that needs to be done to improve profits or simply cut losses. We need to believe that it is possible to "master" games or understand how they work.

The same thing I see happening in lottery betting... there are several techniques to try to predict the numbers that will be drawn based on the last results obtained, however the mathematical reality is that the probabilities are exactly the same regardless of what happened in previous games .

We need to believe that there is a pattern to betting, and that's what makes things more interesting.

I think the reason why dice game is very popular is that some gamblers find patterns in them. Call it faith but it's just what it is, people look for some pattern and there are strategies created for it like that martingale which at some point gamblers believe they will win in the end.

Just like in the lottery, some gamblers are also saying their number will come up soon because it's DUE to come and they have a lucky charm on their side while they bet. Its happening. Maybe in your younger days, you also believe it.