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Topic: After losing the money in gambling,what is your strategy (Read 2036 times)

hero member
Activity: 3024
Merit: 680
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Gambling back with loan money just because you lose and you want to take it back won't make situation better.

If someone does that, he's doing it very wrongly. Gambling with a borrowed money is never been an answer to recover your losses.

That's not a strategy either and I won't be doing that. Trust me, many have done that and none of them can boast of it that they have such good results.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
The gambling is the game with both the possibility,but most of us fail to understand the possibility of losing in the gambling.So if the gambler get into the gambling,in the behalf he had agreed to lose the capital on their bad luck.Some new gamblers most feel this way of thinking after the loss in the gambling,but the experienced gamblers will ready to move on,because they know with their knowledge he can make the big money in some day.One if my friends had loss nearly 2000$ in the gambling,because of his loss even his family suffered a lot in financially.Even his family not able to afford to pay their rent for their house for the few months.

I had suggested my friend to quit gambling and I had feel that he totally get addicted to the gambling.Which was the cause for the many high risk to get into the complete loss.But he clarify me,he had loss the money because he had follow the same betting strategy with the changing algorithm of the gambling site.From his experience,I had learned we should not follow the same betting style for the changing algorithm.

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

When the gambler really becomes an addict in a casino, it's hard to stop because he didn't get to become an addict in just one day, so if we think or remind our friend to quit,
it won't be easy for him.

Unless the gambling addict himself takes a step to abandon it and find a way to avoid everything that can be a hindrance to him while he feels an addiction to gambling. But as a friend, it is not bad to always remind them too.

Exactly, it depends from a person itself if how he will find that courage to stop, most of the time those reminders and cares from our love ones and friends may help but without that self-will to quit, then it will not be easy for a gambling addicted person to stop. We may find them trying so hard and doing their best but once the addiction is really deep inside them, it won't be easy unless they'll find other activities that will kill their time and might divert their attentions.
sr. member
Activity: 1498
Merit: 271
DGbet.fun - Crypto Sportsbook
The gambling is the game with both the possibility,but most of us fail to understand the possibility of losing in the gambling.So if the gambler get into the gambling,in the behalf he had agreed to lose the capital on their bad luck.Some new gamblers most feel this way of thinking after the loss in the gambling,but the experienced gamblers will ready to move on,because they know with their knowledge he can make the big money in some day.One if my friends had loss nearly 2000$ in the gambling,because of his loss even his family suffered a lot in financially.Even his family not able to afford to pay their rent for their house for the few months.

I had suggested my friend to quit gambling and I had feel that he totally get addicted to the gambling.Which was the cause for the many high risk to get into the complete loss.But he clarify me,he had loss the money because he had follow the same betting strategy with the changing algorithm of the gambling site.From his experience,I had learned we should not follow the same betting style for the changing algorithm.

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

When the gambler really becomes an addict in a casino, it's hard to stop because he didn't get to become an addict in just one day, so if we think or remind our friend to quit,
it won't be easy for him.

Unless the gambling addict himself takes a step to abandon it and find a way to avoid everything that can be a hindrance to him while he feels an addiction to gambling. But as a friend, it is not bad to always remind them too.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
In my opinion, there can only be one strategy after a loss - not to play, because there is no money anymore. If the person who lost all the money continues to play, but with borrowed money, hoping to win back, then he is mentally ill. This disease is gambling addiction... And in this situation, sooner or later, a person will need medical treatment.

That is the wise thing to do, to stop playing after losing but not just stop for until he gets his next paycheck rather try to stop it all which we know is very difficult. However this becomes easy when you have lost in a consecutive manner and you should think cold headed, so far what has worked for me is thinking that rather than gamble this amount why not buy crypto or just save it for some bad days. If someone cannot do that when he has lost for months or years I am afraid there is no more hope for that person, even medical care will fail.
It is much more difficult to withdraw oneself from gambling after losing it because at that time a gambler becomes emotional and becomes more aggressive, but he must stop in order to avoid further financial loss. I think if one cannot control emotions then he should opt for long term investments so that he can be very sure of getting the invested capital and profit but he needs to choose the right currency. I also think that people need entertainment and have to gamble but a gambler should set limits at every level as time and resource constraints are very important to avoid over addiction.
The main reason why I sticked with online gambling is basically on the fact that once I lost my budgeted fund on the site I quit for the week and withdraw completely from gambling that week until another week after reimbursement of fund into the account, I never get tempted to continue gambling after losing my fund, I believe gambling requires a high will to control emotions else a gambler would become addicted, imagine gambling with a borrowed fund to recover previous losses is a dangerous habit I can never encourage anyone to imbibe such habit because of the consequences of losing the borrowed fund.
sr. member
Activity: 952
Merit: 267
Vave.com - Crypto Casino
First of all I hope I never have a day where I lose so much money that I have to stop gambling. I always try to gamble as much money as I can afford to lose.  However, if there is a day in front of me where I lose so much money that it has a big impact on my family and my personal life, I will definitely take a break from gambling as my next step.
And I'll take a break from gambling until I'm able to recover again and maybe gamble again when the situation comes up again.  I will never gamble here with a loan but at that time I will think of a productive business with the loan.

If a gambler wastes time on over gambling then he will face a lot of problems. I always try to be careful when gambling so that I don't lose my money due to a small mistake. Many people like to gamble.  I have seen worry about losing money. Some new gamblers think while gambling that they will earn some amount of money every month from gambling.
sr. member
Activity: 588
Merit: 338

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.
I think that the strategy of "we can earn where we've lost everything" in gambling will only lead to addiction because the gambler will keep chasing loses. The probability of losing in gambling is greater than winning because of the house edge. So any gambler that aims to borrow money to recover loses is making a very big mistake because it most likely will not happen and he has to repay the loan. People should learn to gamble responsibly by using the amount that they can afford to loose, when they win they should take it, if they lose they should move on. Never depend on gambling wins as your major source of income to avoid being addicted to it.
sr. member
Activity: 336
Merit: 365
The Alliance Of Bitcointalk Translators - ENG>PID

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

He might be getting himself into more issue. The best solution he would have had back then wasn't to take another loan to gamble, he should have taken a loan to pay for his other expenses instead as that would have gone a long way. I wonder if he managed to get back the money he lost and paid off his loan. I would love to hear from you on this. Most times this is why it's advised to on!y gambling when you have a source of income, so you don't get stranded on the hills. Most Gamblers fails to see this coming and once they get hit, it's over. As a gambler we can try out new strategies, to help us dive more into gambling with better chance to win.
sr. member
Activity: 602
Merit: 291
Bitcoin in Niger State💯
If I lose money in gambling then my first thing is to stop gambling. Then try my best to recover my loss from business or anything which is fair and hard working. I won't start gambling once again or I will not continue gambling as I cannot afford the loss if I would be a loser. I only take part in gambling with that money which I can afford if I lose.
If you are using the amount of money that you can afford to lose it shouldn't be able losing it because it would not affect your expenses and there is no need waiting to recover it. It is only when you gamble more than what you can afford to lose tbat hou need to work to get back the funds you used for gambling that was supposed to be for something important.

This is what I keep telling people who go into gambling using their live savings with the hope that luck will fall their sides. Again, it is good to always distinguish gambling from crypto trading. If it was crypto trading, it is safe for a well experienced trader to put in large sum of money into powerful altcoins or even Shitcoins and still make their profits but in gambling, everything is almost 100% luck so you aren't guaranteed of your invested funds which makes it more difficult to predict. People who lose much in the crypto trading market are either those who trade with emotions or who do not understand how the market moves.
hero member
Activity: 1736
Merit: 857
I also noticed that it is sometimes extremely difficult to resist and the desire to win back is the most dangerous, it can overtake the player suddenly and at any time, in which case the player can quickly go in and start playing even if he had other daily affairs.

Well, it's not easy to stop on time. But who says it's easy? It is also difficult to stop smoking. Not to mention the struggle with other addictions. It seems to me that the player needs to think at the moment when, instead of pleasure, gambling begins to weigh down if there is nervous tension instead of calmness. This may mean the beginning of gambling addiction.
full member
Activity: 126
Merit: 93
In my opinion, there can only be one strategy after a loss - not to play, because there is no money anymore. If the person who lost all the money continues to play, but with borrowed money, hoping to win back, then he is mentally ill. This disease is gambling addiction... And in this situation, sooner or later, a person will need medical treatment.

That is the wise thing to do, to stop playing after losing but not just stop for until he gets his next paycheck rather try to stop it all which we know is very difficult. However this becomes easy when you have lost in a consecutive manner and you should think cold headed, so far what has worked for me is thinking that rather than gamble this amount why not buy crypto or just save it for some bad days. If someone cannot do that when he has lost for months or years I am afraid there is no more hope for that person, even medical care will fail.
It is much more difficult to withdraw oneself from gambling after losing it because at that time a gambler becomes emotional and becomes more aggressive, but he must stop in order to avoid further financial loss. I think if one cannot control emotions then he should opt for long term investments so that he can be very sure of getting the invested capital and profit but he needs to choose the right currency. I also think that people need entertainment and have to gamble but a gambler should set limits at every level as time and resource constraints are very important to avoid over addiction.
legendary
Activity: 1596
Merit: 1183
In my opinion, there can only be one strategy after a loss - not to play, because there is no money anymore. If the person who lost all the money continues to play, but with borrowed money, hoping to win back, then he is mentally ill. This disease is gambling addiction... And in this situation, sooner or later, a person will need medical treatment.

What you say makes sense, but it doesn't work that way. People think that they need to get back what they lost as soon as possible, and they lose again. In fact, those who gain back what they lost and gain more will eventually lose again.
They don't say it for nothing, "The house always wins"
A friend of mine bet a large amount yesterday and lost. He swore he would never play again, but he will play again. I always say that gambling is a disease that will either get better on its own or if there is no one to treat it, the losses will be great.

Yes, sometimes it seems that you can have a great and fun time playing gambling, but over the years I have realized how exactly I want to play them. Not for very long and with small stakes, otherwise if you do not do this, our wallet will become thinner like your friend's. Surely he did not expect such an outcome and everything started out fun. It is just important not to have illusions about the game and that it can affect us very much, that we will want to bet everything. I also noticed that it is sometimes extremely difficult to resist and the desire to win back is the most dangerous, it can overtake the player suddenly and at any time, in which case the player can quickly go in and start playing even if he had other daily affairs.
hero member
Activity: 1008
Merit: 960
The gambling is the game with both the possibility,but most of us fail to understand the possibility of losing in the gambling.So if the gambler get into the gambling,in the behalf he had agreed to lose the capital on their bad luck.Some new gamblers most feel this way of thinking after the loss in the gambling,but the experienced gamblers will ready to move on,because they know with their knowledge he can make the big money in some day.One if my friends had loss nearly 2000$ in the gambling,because of his loss even his family suffered a lot in financially.Even his family not able to afford to pay their rent for their house for the few months.

I had suggested my friend to quit gambling and I had feel that he totally get addicted to the gambling.Which was the cause for the many high risk to get into the complete loss.But he clarify me,he had loss the money because he had follow the same betting strategy with the changing algorithm of the gambling site.From his experience,I had learned we should not follow the same betting style for the changing algorithm.

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

One of the best ways of dealing with gambling is to have a prepaid amount in mind.

You simply don't get over that budget.

If you spent it all, you simply stop gambling.

It can be quite difficult to stop if you don't have that kind of mentality and simply keep feeding the addiction.

You might even lose all your life savings.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
In my opinion, there can only be one strategy after a loss - not to play, because there is no money anymore. If the person who lost all the money continues to play, but with borrowed money, hoping to win back, then he is mentally ill. This disease is gambling addiction... And in this situation, sooner or later, a person will need medical treatment.

That is the wise thing to do, to stop playing after losing but not just stop for until he gets his next paycheck rather try to stop it all which we know is very difficult. However this becomes easy when you have lost in a consecutive manner and you should think cold headed, so far what has worked for me is thinking that rather than gamble this amount why not buy crypto or just save it for some bad days. If someone cannot do that when he has lost for months or years I am afraid there is no more hope for that person, even medical care will fail.
hero member
Activity: 1442
Merit: 256
DGbet.fun - Crypto Sportsbook
In my opinion, there can only be one strategy after a loss - not to play, because there is no money anymore. If the person who lost all the money continues to play, but with borrowed money, hoping to win back, then he is mentally ill. This disease is gambling addiction... And in this situation, sooner or later, a person will need medical treatment.

What you say makes sense, but it doesn't work that way. People think that they need to get back what they lost as soon as possible, and they lose again. In fact, those who gain back what they lost and gain more will eventually lose again.
They don't say it for nothing, "The house always wins"
A friend of mine bet a large amount yesterday and lost. He swore he would never play again, but he will play again. I always say that gambling is a disease that will either get better on its own or if there is no one to treat it, the losses will be great.
hero member
Activity: 1736
Merit: 857
In my opinion, there can only be one strategy after a loss - not to play, because there is no money anymore. If the person who lost all the money continues to play, but with borrowed money, hoping to win back, then he is mentally ill. This disease is gambling addiction... And in this situation, sooner or later, a person will need medical treatment.
legendary
Activity: 3346
Merit: 1134
Leading Crypto Sports Betting & Casino Platform
First of all I hope I never have a day where I lose so much money that I have to stop gambling. I always try to gamble as much money as I can afford to lose.  However, if there is a day in front of me where I lose so much money that it has a big impact on my family and my personal life, I will definitely take a break from gambling as my next step.
And I'll take a break from gambling until I'm able to recover again and maybe gamble again when the situation comes up again.  I will never gamble here with a loan but at that time I will think of a productive business with the loan.
Don't wait for it to happen.

Keep that discipline that you are doing. Take breaks, make pauses, think twice, and just gamble the money that you set for the day and promise yourself that you will live with it win or lose.
The problem most of the time for gamblers who are losing way too much is they cannot accept their defeat. Revenge is what fuels their mind to keep on depositing more and maybe there's once where they would get lucky and get it all back. But let's be real, the more possible thing that will happen is we will keep on losing, or even if we win some of those losses, we are going to continue gambling and try to regain everything we lost which means it's a nonstop cycle.
full member
Activity: 448
Merit: 202

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.
I don’t know if your friend is not possessed by something else. Why on earth will you make such a big mistake? You have done this before without having anything tangible. That alone is not enough reason for you to stay off gambling, but due to addiction and going after your losses to see if you can actually succeed in it, I won’t say anything for now because your friend will definitely regret his decision of putting in the money that he wasn’t able to get as a loan into gambling because gambling is a game of luck and they are people that will never find that luck in gambling to win anything; they are just there to lose, and with a slight doubt, I will say your friend is among them.

They need to learn their lessons the hard way before they change their mindset. So no need to force them to get out or let them find another job to pay the loan, they will in time alter their decisions in life. Because it is their life, and whatever path they would want to take, it is theirs. Because it is their business to attend their struggles in life. But of course, if they ask for your guidance or tips, you can always share your views in order to alleviate his life's situation or at least lessen the burden of what he is carrying owed to his wrong decisions in life.

Sometimes the gambler invest and lose so big amounts that returning from that point seems too difficult. Think for a moment that anyone is gambling with considerable amounts and upon losing, he try to recover the lost and lose more. Some may even take loans to recover the loss and again try their luck only to lose again.

Without counselling or any advice given to them, they may reach a point where they are in a miserable financial state and even if anyone try to tell the the do's and don'ts in gambling, it may already be too late.

Haven't you heard people doing suiside upon losing in gambling, this is the reason that they are not been taught in the early stage on how to control the emotions and wealth in gambling.

Going after your loss is the deadliest thing to do as a gambler because it mostly ends up in regret because taking a loan to go after your loss might end you because you mostly have no solution or ways to pay that loan back when you lose the gamble. You will want to pay the loan back when you win the gamble and go after your loss. 
 
Although mostly this comes as a result of addiction or making yourself believe that you will win if you go after your loss because you will start having the potential of winning because your mind will convince you to go after your loss and committing suicidal acts based on debt that you accumulate in gambling, I have seen several cases like that. 
sr. member
Activity: 1274
Merit: 457
First of all I hope I never have a day where I lose so much money that I have to stop gambling. I always try to gamble as much money as I can afford to lose.  However, if there is a day in front of me where I lose so much money that it has a big impact on my family and my personal life, I will definitely take a break from gambling as my next step.
And I'll take a break from gambling until I'm able to recover again and maybe gamble again when the situation comes up again.  I will never gamble here with a loan but at that time I will think of a productive business with the loan.
hero member
Activity: 896
Merit: 586
Leading Crypto Sports Betting & Casino Platform
If I lose money in gambling then my first thing is to stop gambling. Then try my best to recover my loss from business or anything which is fair and hard working. I won't start gambling once again or I will not continue gambling as I cannot afford the loss if I would be a loser. I only take part in gambling with that money which I can afford if I lose.
If you are using the amount of money that you can afford to lose it shouldn't be able losing it because it would not affect your expenses and there is no need waiting to recover it. It is only when you gamble more than what you can afford to lose tbat hou need to work to get back the funds you used for gambling that was supposed to be for something important.

It is simple, after losing there is no other option than stop gambling because you don't have any money to continue your gamble section. I don't gamble till when next i feel like gambling as long as my gambling budget hasn't been exhausted. Those who lose and look for several ways to get funds in order to chase their losses wil end up losing more.
full member
Activity: 252
Merit: 131
Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

I wish that your friend wakes up from his illusions and dreams about winning back his losses, because he switched the meaning of gambling from a fun activity to something where he thinks making money in long term is guaranteed after reaching the maximum win hit or a jackpot.
When I had a period where I felt addicted to gambling, I was chasing my losses which is a feeling that profit is close, but the reality is way different than this. It’s important to understand anything you do before getting involved.

Answering your question; my strategy if I ever lost much money on gambling is to quit and find a way to make money and recover.
The thing is when you start gambling, for every game you lose , you feel you have cracked the code to win the next game so you play again. Just like that before the person realises what is going on , he has lost several games, he's broke and in dept. The illusion of I'm going to win the next one is real and it keeps them hooked.

For this his friend I'll advice his friends and family to bring him closer and administer therapy and be sure he can handle it before allowing him to back to gambling

It's safer to set a budget for gambling and avoid using up your budget to play one game so when you don't win the money back  you can be able to retry with the remains you have.
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