Why Do Gamblers Make Bad Decisions In Life?

[easy_street]

JJ I enjoy the train wrecks because it makes those days that I do win feel soooooo satisfying.

As a matter of fact.... 1 day of winning erases a week of losing in my head.

I think that's our biggest problem. We forget that we should have given this up a long time ago as long as were in action

 

[Tanko]

I think that's our biggest problem. We forget that we should have given this up a long time ago as long as were in action

Its like golf. For 17 holes, you slice, you hook, you chip into the water....
Then there's that one 300 yd drive onto the green that keep you going.

 

[easy_street]

Its like golf. For 17 holes, you slice, you hook, you chip into the water....
Then there's that one 300 yd drive onto the green that keep you going.

Does that explain why so many golfers bet and vice versa?

 

[edawg]

In gambling one has ups and downs. There are times one thinks they can't lose and other times thinks they can't win. In reality it is a lot like life itself one eventually understands that the mathematics are impossible no matter how smart, strong, lucky, and attractive one is we all end up the same way. Enjoy the journey.

 

[BMR Genie]

In gambling one has ups and downs. There are times one thinks they can't lose and other times thinks they can't win. In reality it is a lot like life itself one eventually understands that the mathematics are impossible no matter how smart, strong, lucky, and attractive one is we all end up the same way. Enjoy the journey.

This!!!

 

[RRsilver]

Top 5% of Gamblers probably very smart, and do great, in both.
Next 15% do OK in both life and gambling, next 10% lucky break even. That leaves 70% of us that are like the drunks you saw or see on the street, that don't know anything about moderation or when to quit!
In gambling if you don't know money Managment and not to chase loss's, it will be a hard road to ride with many life lessons!!

Most people who are successful gamblers (some make a living at it) its because of a long hard grind.
Sure, you cash that big ticket ever once in a while, and some more than others, but you make your living on bread and butter not steak and lobster.

I could be very wrong, but they limit as much risk as possible, to the bottom line, so a loss don't kill there goal, and a win keeps them going in the right direction. Good Money Management is almost as important, as knowing what side the fix is on!