Quote from: Docnaster on Today at 10:36:05 PM

Quote from: umbara ardian on Today at 08:48:36 PM

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Gambling is one game that can easily influence someone's way of thinking and that's why it's very unsafe to make decisions when a gambler is betting. I've seen a lot of people who made decisions while betting and I can say that majority of them got their decisions wrong while others were just fortunate enough to get huge winnings through their own decisions. When a gambler is making a decision during gambling, he's very likely to get it wrong because his emotions will not allow him to be logical enough to get his decisions right.
For example, when a gambler is winning big in gambling, he'll very likely to be overwhelmed by the effects of his win thereby thinking that every bet he stakes at that moment is definitely going to get him huge wins which at the end, it doesn't usually happen that way. Also when he's losing his money, he'll make decisions with the sole aim of getting back his losses which usually do not end as planned

Emotions can indeed cloud judgment and lead to irrational decision-making, especially when influenced by big win or heavy loss. During moments of winning streaks, gamblers may feel themself with confidence and optimism that lead them to overestimate their chances of winning bet. This phenomenon, known as the "hot hand fallacy," can result in reckless decision-making and lead to losses when luck eventually turns.

During losses, gamblers may become desperate to recoup their losses and resort to risky approaches in an attempt to reverse their fortunes. This behavior, often referred to as "chasing losses," can exacerbate financial losses and further compromise rational decision-making. Gamblers have to maintain a level-headed approach to help them mitigate the detrimental effects of impulsive decision-making. Gamblers need to make regulations for themself to manage their emotions effectively, such as setting limits on betting or taking breaks to cool off. It can contribute to a safer and more enjoyable gambling experience.