The big sporting events like IPL, World Cup, LA Liga, Wimbledon, and so on are regarded as festive seasons for bettors as they get to bet on various events. The big prizes, welcome bonuses, joining offers, and easy cash out make it tempting and create a fomo in live betting among users.
Amidst all the hype and full-fledged marketing, it’s quite common for bettors to end up staking more than what they are capable of, ending in a vicious debt trap. All that buzz and glare go in vain when things don’t work out as per the plan.
The temptation of going the extra mile just to recover what was lost earlier never turns out to be a fairy tale. Thousands of people fall into overbetting and end up developing addiction.
As a rational bettor, it is crucial to develop self-awareness and discipline. Here’s what you can do to avoid overbetting.
Why Do People End Up Overbetting?
There is a concept known as “Gambler’s Fallacy” that entirely flaws the decision-making process. As a human being we all assume the future events based on the past occurrence, which we all should know depends entirely on luck and skill.
Another crucial factor that tempts bettors to continue gambling is high prizes and unpredictability. It triggers the dopamine and reinforces the brain to act in such a way that encourages gamblers to make bets in a desperate attempt to win something. If the situation of a near win arises, it becomes more dangerous as the brain registers it as progress, which it is not, forcing you to make another move in the hope of winning the next one.
The cycle of losses continues to escalate, resulting in overbetting just to chase losses. This sudden rush of emotions impairs the decision-making judgment.
How to Control the Temptation of Betting?
In practicality, there are so many ways you can develop control over your urges and betting decisions; it’s just you have to navigate through various practices.
- Take a Pause: Taking a pause while betting helps a lot; it momentarily takes you away from all the rush and thrill, giving you a personal space to make informed betting decisions.
- Meditation: Meditating regularly for periods of time builds strong willpower and control over your emotions. You won’t make any decision influenced by external factors that can potentially affect finances.
- Recording: The Most bettors make and end up falling into overbetting is not keeping track of their expenses. By having a visual record and monitoring it regularly, it feeds your brain, hence allowing you to make calculated risks.
- Limited Bets: Don’t just go with the flow and bet on every single match and tournament; only place your stakes on those matches that you are through with and have deeper knowledge about players and match conditions.
- Seek Medical Attention: If you are continuously facing difficulty getting away from the betting platform, it might be serious, and you should immediately seek medical attention. Consult a psychologist and go for a therapy program that will help you with your temptations.
Betting and gambling are entirely psychological aspects and require great determination and self-control over choices. Such games should be taken entirely as a source of entertainment and thrill, just like a movie where you spend a couple of bucks for a few hours of pleasure.
Final Verdict
Having a strong control over your emotions and temptations formed by the heat of the moment becomes necessary. The tug-of-war between emotions and the conscious mind has always strangled the bettors, but one thing that you need to keep in mind is to enjoy the thrill of the game without letting it take control of your peace of mind.
As more of the young generation are getting attracted to betting platforms to generate income from them. Platforms like Lotus365 provide the opportunity to play the games for free and polish your skills. For more practical experience, you can follow proper betting analytics expert strategies and always ensure you bet responsibly online to enjoy the game safely.