Let me ask you something: Why do you think anxiety exists? Well, if you ask psychologists, they will say that anxiety is a good thing because it helps us survive as a species. If you are anxious about contracting a disease, you might make some moves that will prevent you from getting an infection.
The same goes for gamblers. Gamblers are pretty anxious people, especially if the money that they will wager will be lost whenever they lose a game.
Whether you are playing in an online casino or any gambling institution, experts might point you to the direction of going big to win big and although there is a legitimate case for that, for the most part, you’d still want to go for smaller wagers.
In today’s article, I will go over the reasons why making small bets is actually a good thing in the long run.
Emotions Are Very Powerful
You’ve probably heard about the saying ‘never make decisions when you’re mad’. Well, there is actually some psychological basis for that.
You see, rash decisions are always made when we let our emotions take over our brains. That is also the reason why you can only choose either your brain or heart to make decisions for you and not both.
There was one study involving broke college students in that one group was subjected to something emotional while the other group was pretty rational beings. As you can probably guess, the group that was more emotional tends to go for the riskier things as opposed to the low-risk options.
The same can be said in gambling. Sure, you can ‘go big to win big’, but your chances of winning might not be as good as you think it is. Making smaller bets might not be the best option, especially if there is a huge potential to win, but it is much safer since, in the event that you lose, you’re not going to lose as much as you would when you go all out.
What I am trying to say is that if you are going to gamble, it is best that you never let your emotions make the decisions for you. Always be rational at this time.
Why Low-Risk/Low Reward Gambling is a Recipe for Success
When you look at different demographics and activities, you will find that those that achieve success are the people that would often be more consistent rather than making huge strides every time they make a move.
For example, a person that goes to the gym for 4-5 days doing moderately intense workouts would get far better results than a person that it always achieving their personal records but resting for a whole week afterward.
Gamblers who would settle for smaller wagers might not get as big of a reward as those that go all-in, but for the most part, they aren’t going to lose a lot of money either.
In conclusion, making smaller bets is actually better in the long run and would make you a more successful gambler than a person that is always going gung-ho over things.