The Psychology of a Loser

The Psychology of a LoserWhen it comes to gambling, 99 times out of 100, the house will win in the end. This is a statistic that seasoned gamblers and even many a novice gambler know all too well. Yet, they keep on gambling, chasing after the big win that may never come. What is it that makes these people do this? Are they just stupid? Are they so rich they don’t mind throwing their money away? The answer to this question isn’t a simple one. It has a lot to do with psychology and the complex ways in which people think.

First and foremost, just about every person you ever meet will tell you, when speaking honestly, that they think that they are special. It’s just a part of our egotism as humans. We all believe, somewhere deep inside, that we are somehow different, that we stand out and have some kind of special ability or value that is above that of other people. It is this belief that makes us believe that, if we just try hard enough and/or long enough, we can win big, both at life and at gambling. So, gamblers go into a game with faith in themselves and their abilities, truly prepared to win.

Logically, you would think that, when met with a loss, these people would shirk away, undo their original thinking, and stop playing and losing money. Surprisingly, however, it doesn’t work that way.  The person cannot face the truth that he or she is not somehow special and has the same odds as everyone else. So, instead of accepting the truth, the person rationalizes in other ways. He or she might say, “That dealer didn’t do x, y, or z right,” or “I wasn’t concentrating hard enough.” This causes the player to still believe that winning is in his or her control. Thus, the player thinks if the mistake or fault can just be corrected, he or she can end up a victor.

This vicious cycle of believing in one’s own abilities and rationalizing away losses continues, much to the house’s benefit and the player’s chagrin. On the off chance that a win does occur, the player’s belief in his or her own “specialness” is reinforced, despite all the evidence to the contrary.

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