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Psychology of betting
Almost everyone gambles at some point in their life.
It is inevitable. Whether in an organised or structured
format for fun or profit, in career terms for financial
gain, in relationships for happiness, or in one of millions
of other life choices we make, you are always exposed
to the risk of failure. Like it or not, we are all gamblers.
Why some people choose to pursue gambling as a recreational
activity, however, is a different matter altogether.
The first reason is probably excitement. That’s
not to say that a gambler’s life would otherwise
be boring, but the thrill of backing a winner and watching
it come home can certainly match other hobbies for adrenalin
and excitement. Some people just aren’t cut out
to go to the theatre.
The difference is, there is no real downside to taking
a language class, going cycling or pursuing some other
activity. When you gamble money regularly, you have
to endure those days where nothing goes right and you
lose. And lose. And lose again. It’s a bit like
regularly going to watch a struggling lower division
football side. You keep going because the thrill of
those moments where you win is so great that it seems
worthwhile to keep hoping that the next moment of elation
will come along sooner rather than later.
Unfortunately, this is what makes gambling so addictive.
If you win, you want to taste victory again and will
be encouraged to enter into more bets by your recent
success. If you lose, you need to bet again to try and
quickly expunge the bitter taste of defeat. For some
people, this can be a vicious and almost unbreakable
cycle.
It is important then, that if you are planning to bet
regularly, that you learn and practice the art of self-discipline.
You cannot allow yourself to bet based on emotion, or
you too will risk being drawn into that ever-decreasing
destructive circle. Consider gambling as a mental challenge
– a game of skill played to test one’s intellect,
rather than an emotional thrill-seeking rollercoaster
ride, and you will be half way to winning the battle.

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