Topic: After losing the money in gambling,what is your strategy - page 16. (Read 2036 times)

Using the word capital in gambling might be inappropriate because gambling shouldn't be seen as a business or investment. It is not wrong to expect wins from gambling but it is not proper to depend on gambling as a source of revenue because you see it as a business or occupation. Your friend has entered an advanced stage of gambling addiction for him to use his house rent for gambling.

There is no certainty that a certain gambling strategy would bring wins. It is better to adopt a gambling style that you deem appropriate but it should be strictly with an amount you can afford to lose.

Your friend might experience one of the following outcomes; a) lose all the money he borrowed on gambling. b) recover all he had lost, or c) be in a state of financial equilibrium. He intends to pursue his losses and this behaviour has destroyed many gamblers.

There is no doubt that it is very difficult, I myself feel that way., where I have a brother who is addicted to gambling, obviously the whole family has advised him, but this is still inferior to the belief he still has in gambling. In fact, by becoming addicted, they are only putting themselves in problems that have the potential to become big problems. whether it's his finances or his life. There have been many cases of gambling addiction that have ruined lives.

Good advice is to look for work to have a steady income, but in my opinion it will be in vain when they are still addicted to gambling. I think they should have limits by not doing excessive gambling. After they lose money from gambling, they don't have to continue gambling because it will only continue to drain their finances.
I read your sentence twice, and it's the same. Maybe you are tired.

To be frank what he is doing is pretty bad and that is a big sign of gambling addiction and also gambling irresponsibly, he should not forget that the reason he went for loan the first place was due to the  fact of him not having any money  to  continue his gambling due to various losses. So this means that there's a high chance of him losing that loan also in gambling, Putting himself in more debts . And if he continues like this he may get to a point when his only option would endup being suicide , putting his family in great losses . So you guys need to try all means to avoid such outcome from happening by helping him stop gambling totally . At first by not letting him to make use of that loan money in gambling or has he forgotten that's 50/50 either he lose or he win . This is the reason is always advisable to gamble with money you can afford to lose and always gamble responsibly .

Your friend is going to have serious problems soon, unfortunately

To tell you the truth, my strategy is quite simple and I've learned from experience
I have a bankroll for each championship I bet on, and my bets follow a pattern, so I always bet the amount and follow my plan

Sometimes I write that I'm going to "recover" my loss on the next bet, but it's more a way of saying that I'm optimistic that I'll win the bet, rather than actually trying to recover the lost bet
This behavior of recover a lost bet is dangerous, it's like revenge trade, when you lost some money in a trade and try to recover in next trade, this easily can lead you to lost more money

This is why it's very dangerous to gamble money that you can't afford to lose. Two days ago, I also had a conversation with one of my neighbors and he says that more than $2000 in two days. But I think he will be ok because he had a high paying job. But still, as I heard to tell his stories, I can sense that he is affected mentally and that he will be not gambling or will take a break.

That is the best piece of advise that you can give him. But still up to your friend to follow it or not because quitting gambling is very hard specially if you come from a lost and wanted to recoup everything. I think you have done your best, if he decided to continue gambling then you can't stop him. And it's going to be a rude awaking if he lost another big money.

There is no strategy at all for this kind of player, they have to just quit if they can't be able to afford the gambling.

If someone is not having any money then obviously they can't gamble so only think that their family should make sure is the person is not getting into the debt, and if he is going extreme then better call the rehab or has to go through the therapy session.

That is a bad way to to go about it, trying to revenge is the worst way to win back an amount lost in gambling and doing this will only make you lose more money to gambling. Everything your friend is about to do is wrong, chasing after your losses is wrong because you will only end up losing more and again taking loans to gamble is very wrong because you know gambling has 50/50 chance of success and gambling with loans or borrowed money might end up accumulating more debts. All these signs are attributes of an addicted gambler.

OP. I think you should try and educate your friend of thee dangers of gambling addiction and the causes of gambling addiction. Also teach him how to eliminate greed from gambling and how to be a responsible gambler.

Perhaps it is worth seeking qualified help for the treatment of gambling addiction? Surely there are free or inexpensive communities that can help him.

OP's "friend" should treat it as a mistake, accept the error, and learn from it. Yes, he can reclaim $2000 from the loan money, but there's a chance he'll face losses again. From multiple testimonies I've heard, typically, when someone recovers $2000 from loaned funds after losing it, they tend to continue gambling until they lose everything. It might seem illogical from an outsider's perspective—why continue playing after winning back $2000? However, from his viewpoint, having more money to bet with while being on a winning streak makes sense.

So, (1) the best strategy is to acknowledge the loss and refrain from attempting to recoup it; (2) if he's unable to do that, he should at least quit after recovering some or all of the losses.

immediately help him to stop his gambling addiction. because it is already in the serious category, especially if you dare to take a loan to return what you have spent while gambling.
tell him not to add to the family's burden with loans. as you said it is better to find a job and earn enough money to cover the current shortfall.

Also say that there have been many stories that excessive gambling addiction actually worsens financial conditions. because by borrowing money, psychologically we have lost and will continue to chase defeat, so we will never find victory there.
Gambling is not just a game of algorithms, but more of a game of one's mental and psychology.

Tell Him that what he is doing is not far from getting suicide because that is the most stupid thing to do , CHASING LOSSES, everyone that I knew who tried this? fells being a loser all their life and never that have recovered from their debts and loans,so please stop doing such.

This is the most bullshit excuse for his losses. Everyone knew that there’s no strategy that will work on gambling in long term while the gambling algorithm is completely random that’s why it’s very hard to develop a working strategy to have a consistent profit.


I will not be surprised that he will pursue more gambling to recover his losses since he seems doesn’t fully understand the reason why he loss is because no one can beat the casino no matter what strategy he is using. Getting a loan just to gamble while his family is already suffering financially is a suicide. He needs to set an appointment to psychiatrist ASAP.

your friend made a very fatal mistake in his life. he should understand that he is already in the stage of gambling addiction, where he constantly hopes that he can make a miracle from the gambling he does, but believes that what he does will only end in vain. the more he pursues his losses, the more he will lose in the future. especially since he is a married person, the mess he is creating now will destroy his family life sooner or later.

what you did was right. whether he wants to accept your advice or not is another matter, the most important thing is that you have told him what is best for him.

LOL, that friend of yours is a certified gambling addict. He's in denial that he's not addicted and even taken a loan to gamble and recover that $2k loss?

If your suggestion of getting a job to support his family won't do and he's just letting it pass to his other ear then there's no use to explain on what state he is right now.

He can't move on and he'd have hard time when that loan money also becomes his additional loss. We normally move on with losses but with that situation, he's going to have hard time accepting the reality.

it's hard to give advice to people who only want to follow their own beliefs, Imagine? Your suggestion is good that maybe it is better to find a job to have a fixed income and it will help to reduce their debts but in the end, he chose to continue gambling because of the belief that when something is lost, there is better replacement, He didn't know that what he was doing was only bringing himself closer to an even worse problem. it's hard to give advice to people who only want to follow their own beliefs, Imagine? Your suggestion is good that maybe it is better to find a job to have a fixed income and it will help to reduce their debts but in the end, he chose to continue gambling because of the belief that when something is lost, there is better replacement, He didn't know that what he was doing was only bringing himself closer to an even worse problem.

You should review your post next time to make it readable. If you are not a native speaker, ask someone to do it for you or rather use some software to help you out.


That being said, your friend is a gambling addict. How do I know? It is very obvious particularly from this statement. His not winning has nothing to do with using the same betting style for the changing algorithm. This has to be the worse blame shifting I have ever heard. He should own up and take responsibility for his loss.

Anyone who loans money to gambling with the aim of recovery his previous loss is a gambling addict. We call it chasing losses. Look at his last sentence. A complete total fallacy. He'll lose again. Before he'll lose his family too, you are a friend need to have a heart to heart conversation with him. He needs help.

Tell him he is making a very big mistake, he should not gamble with loan money.

He should not think that he would win. Gambling sites have their odds and house edge in a way that most gamblers will lose while they will will be able to pay their workers and maintain their servers and other necessary things. You will see the gambling site grow more if there are more people gambling with them. This is simple enough to know that the tendency that he will lose is far more higher than he will gain.

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.