Topic: After losing the money in gambling,what is your strategy - page 2. (Read 2036 times)

It rings a big bell, I agree.
Responsibility should be a cornerstone of each gambler if his well-being is to be preserved.
It's non-negotiable, really.

Wait what? Doesnt it suppose to mean that people win jackpots often? Strange to hear that, as I am used to think that it takes a good amount of time to form a jackpot amount for casino. Anyway, the best strategy to take gambling loss like man is to change attitude towards gambling. Dont start gambling to earn, dont gamble if cant afford to lose. Taking a break is a smart move, but how long that break has to be, and how often should I take breaks? After each loss? Pff... I gamble when I feel I am ready for a new session. Breaks between balance looses can be 5 min or months. I measure my gambling budgets with "Am I ready to spend more, or it is enough for now".

If a person starts playing on credit, then this is the first sign of gambling addiction. And this is a pretty clear sign. Of course, sometimes there are people who start playing on credit out of stupidity, and not because they have an addiction. However, if a person plays for a long time and gradually gets the idea of ​​playing on credit, then this is an addiction. The most interesting thing is what these people think about risk management. I have a feeling that they do not even know this word. And one of the most important stages in the development of a player is the acceptance of risk management. Until such acceptance, a player can be called a gambler.

Business is not for recovery of gambling losses, although you may make up for the lose but mind you, you are doing so just to support your gambling ambitions but not so recover from your previous loses so for that there is a point where you get back what you put your pressure on your business to make up for your gambling waste, the best form of recovery is to first of all check to know how far you can brake from gambling for sometimes when you lose money and if you have the ability stay off from gambling at a level where you use your financial approach e.g making efforts gamble only with money that you can afford to lose and Gambling for fun instead of aiming to make gambling a money making means or aiming to hit a jackpot is somewhat out of point.

What I do most times is to let a few bulk lie on my crypto casino account balance and from such point I can easily manage how much I gamble with and how I managed my time and allocation for gambling, this have helped me alot to manage myself and also put in efforts to minimise my gambling involvements.

I believe that strategy is also familiar with most of us here on the gambling board who are actively gambling on daily basis or as a part time events, we will also make sure we can put a stopover regardless if we win or lose when we gamble because that is what will help us to remain stable in whatever comes may.

OP Your friend has already made the initial mistake of considering gambling as a way to make money, he is about to make another mistake and that is gambling with debt. Gambling is never guaranteed even professional and amateur gamblers never know for sure that they will win at gambling. How people take loans to try to make money by being sure that the outcome is uncertain.

We may hear a lot that people have been able to improve their financial status through jackpots from gambling. But sometimes I also hear that many people have lost everything in gambling hoping to earn extra money from gambling and now come back in debt. There are also many who sell their property to gamble and then lose it and get into trouble with their families. Now my personal opinion is that after losing money in gambling, my strategy is to quit i.e. take a break from gambling.

Which turns out to be the moderate gambling - This includes limits and maximum amount to be used to gamble and when it's time is better to stop  without exceeding the limits makes someone a moderate gambler. But most times those who gambling out of compulsion wouldn't understand there limit and if they incurred lose they would want to use all means to gamble to recover what they had already lost in gambling making it a revenge gambling.

This is actually easier said than done. Especially for those who regularly gamble. It's hard to stop the urge to gamble even if it's just small amount of money. Though not for the everyone, but for the majority. Even those who gamble with small amount, they'd usually think it won't affect their financial status as long as it is within the range of which they considered acceptable loses.
Though your strategy should be the right thing to do, but I don't think a lot of people can hold the urge until the next paycheck lol.

I totally agree with you, it is very important to take a break when I lose repeatedly in gambling, because at that time my luck is bad, and gambling depends on luck, so only losses are more likely that time. You stop yourself from gambling by understanding your luck at that time, Which is really a very important thing. But some gamblers cannot maintain this control, and they think that in the next game they will make up for all the losses, and thus they continue to play and at some point they face huge losses. So the most important thing in gambling is to keep yourself under control, and take a step back by making the right decisions according to the situation so that you don't face big losses.

You speak the truth.
It's essential for anybody to learn to consider the odds in front of them and use the limits for their sessions, or at least for the ones to come.
Otherwise, it can't end badly, up to what you described.

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.

Self-discipline and limits in place are keys to it.
Gambling responsibly can be fun, gambling with compulsions - disastrous.
It differs from person to person how each of us sees it.

You are correct on your statement because in terms of gambling when you gamble as compulsion someone would end up losing big time but moderate gambling is always the best because one can control their lose. If regularly incurring lose then it is best to stop and take break for like weeks or months to able re-strategized on the modalities to explore to win either on a week or biweekly and of course winning doesn't come that often because as the betting is programmed one can't continue winning on a straight up for the whole time.

the problem is most people end up losing their head
splitting brain and heart is much easier said than done
you know what I mean?
sometimes even really smart people who know the best way to go end up choosing the wrong way because of their emotions
with gamblers it is not different
crazy how things are.

If I lose repeatedly in gambling then I take a break from gambling. Because I think if I manage my gambling during that time then my chances of losing will increase. I know I'm losing ‍so l try to take a break. But gamblers have a big problem in this area where they can't keep themselves in control. Even though they lost conducting continuous gambling is a big mistake. In my field of gambling, I have observed very well that when I have bad luck, my losses repeat over and over again. A great strategy is to control oneself at that moment. But many gamblers feel that if they stop gambling during that time they cannot recover their losses. Many gamblers cannot accept the loss due to which they keep losing in gambling.

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.

That’s responsible gambling, and it should be. I agree, though stopping gambling after a loss as a streak can be very difficult since the urge to try and recoup those losses can often be quite strong. It’s disciplined to gamble only with money you can afford to lose, good, but it still in practice requires a high level of self-control if an individual aims at avoiding getting caught in an unhealthy cycle of winning and losing. The difficult part is to stick to your limits; that is the essence.

Stay away from gambling following a losing streak and finding some other ways to deal with stress or boredom, temporarily, can help avoid the urge to gamble again. Certainly challenges, having a clear plan and the right support can make a big difference in maintaining self-control and healthy gambling.

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.

You have a point, but it is not every time that you will let your friend learn in the hard way because it might end up affecting you as his friend and his family, not him. For instance, in this situation, if he goes to collect another loan to continue playing games and he ends up losing all the money and also has nothing to pay the loan, he will end up committing suicide, and if that happens, his family will be responsible for paying the loan. And if that happens, you, as his friend, will like to be involved. If the family has less effort to pay the loan, you will find it hard to endure seeing your late friend's family suffer because of his mistake. 
 
That is why you have to prevent it the first time rather than wait for it to occur. You will find it hard to cure, so to me, it doesn't seem like a nice idea to let him learn the hard way because it might be dangerous. 

So, what's better when you lose is to stop, because of course we can still place bets on another day. But indeed, when we experience consecutive losses it will make our souls and minds  difficult to control, because if we still have money then it is very possible for us to make another  deposit to continue betting. But of course, it will be different for those who have lost all their money, so a position like this will make it easier to stop.

But still, when they become difficult to control, then even though they have lost all their money at least they can still borrow money or other things that enable them to continue betting. This case certainly has a very big  risk,  although a small number will succeed in getting back what they have lost, but there will be more of them who will end up stressed because they have lost everything.

People learn by doing, hence even if it means messing up, Their life, their path, and they have every right to work it out on their own. Still, Im not going to back off if someone comes to me for guidance. I will straight forward it to them; there is no sugarcoating. I will teach them appropriate gambling, for example: know when to leave, create a budget, and grasp the odds. That is the wise approach to engage. Its about empowering people rather than about dictating behaviour. Its about lending a helpful hand, a consistent voice in an insane environment. Remember that everyone wants a quiet, content existence; occasionally, this requires making difficult choices, even concerning something as enjoyable as gambling. Thus, let us be wise, responsible, and most importantly supportive of one another.