I assume that people come to the gambling industry as inexperienced people. And in the process of their activities, they gradually learn from their mistakes. Unfortunately, some of these mistakes are dramatic and cause us quite serious psychological trauma. As a rule, this is due to gross errors and stupid persistent beliefs that push us to the edge of the financial abyss.
First of all, this is risk management and money management. The second is probably unsystematic play. Let me make a reservation that I do not mean casinos, as well as people playing "for fun". I mean sports betting.
So, how much did your mistakes cost? Did they cause you a serious psychological blow? What were your mistakes, did you learn from these mistakes and do you apply this knowledge in practice now? Were these mistakes simply painful, dramatic or catastrophic?
My biggest mistake during my gambling hobby fortunately did not lead to a disaster. However, this situation can be classified as dramatic. 🤷
In my youth, I became addicted to playing roulette in a real offline casino. As a result, I developed a serious gambling addiction. It is worth noting that I did not lose much money at roulette (I had very little money at the time, and I was smart enough not to take out loans). However, I spent too much of my precious time gambling, and also drank a lot of strong alcohol (I usually bought absinthe directly in the casino, after I was lucky and won). Only good health and the remnants of common sense saved me from a complete disaster. It took me a whole year to get out of this negative state. 🧟
Since then, I practically do not drink alcohol and avoid risky adventures. Of course, I learned a lesson from this situation. You can't indulge your passions, because they can completely destroy your personality. I came to the conclusion that I need to abandon magical thinking and instead use the scientific method and common sense. When playing, you need to understand the risks very well and carefully calculate the probabilities of the outcome of events. 💁
This is what I learned after reflecting on this situation.🌝