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?
Early days is really tricky and to many temptations would test our selves dealing with what we see. Since there are lots of misleading information that we can easily win on gambling which we really believe that its really happening and we could get huge win with it. I lost lots of money by believing on those lies and experience addiction especially when I hit my very first big win before.
Winning especially when you are a noob is addicting and you will always find that situation. Then it turn to be a disastrous situation especially if little by little you didn't notice that you lose big and still chasing for those win you think that might happen again.
Glad that I surpass on that level and now I can say that I am in control on my activities then deal gambling on more realistic manner since now I gamble just to have fun.