Topic: After losing the money in gambling,what is your strategy - page 4. (Read 2036 times)

Whenever money is involved we need to have a strategy in place so we can deal with the losses we may suffer or the profits we may enjoy, the issue is that many see as gambling as a source of entertainment and they do not want to take the time to create such strategy as they see it as work they do not want to do, a posture I understand but that I cannot possibly share, since most of the gamblers that suffer great losses are the ones that did not took the time to plan what to do under every circumstance.

I don't really know what you are trying to say but I think with this type of attitude you will probably end up losing alot, because I don't understand the essence of you saying some Victory come as you continue playing even when losing and that for me is a bad practice, whenever you find out that you are losing the best thing to do is to probably pause and stop.

Losing money as you're gambling shouldn't just make you to stop gambling unless the money is a very big amount but you shouldn't be using a very big amount of money for gambling to begin with. Your bankroll should be an amount that isn't too much for you if it gets lost because gambling is a quick way to losing money. Any bankroll you have can always be lost entirely but losing should not make.you to stop or you'll never win when gambling. Some victory will come as you continue the play and I always play more after losing but I control the bankroll I'm willing to spend for each time I'm gambling.

When you have achieved such performance of yourself,that you can control your emotions and you can stop gambling at any time that means you have achieved a great outstanding victory for yourself.When you have gotten to such point you can do anything good with your life and quit gambling indefinitely.The problem is that very few people can manage to go there,the majority of persons are prey of their emotions and cannot stop so they don't know what to really do after they hit lost sessions in their gambling and they continue to play which is the most wrong thing one can do as lost amounts usually lead to more lost amounts and we know how it usually end.My advice for me first and to the rest of us here is to try and become the one who can fully control their emotions.

But there is something that is regrettable in a situation like this, where ambition is very dominating to get a win, I have experienced this position in several moments, where I got a losing streak and excessive defeat even thought of expectations that maybe once again I would find my luck to restore losses, the thought is quite torturous mental state that can make you lose much more.

Sometimes also when already thinking that maybe I need to take a break and keep my distance from gambling but this is very difficult to do if it is still very curious, and yes to control if in a position like this is when our logic is above what makes triggered continuously to gamble.

You are right mate. I also wanted to present this same opinion, a strategy should be taken at the beginning of gambling that crossing a limit and then take a break from gambling for that day or that week whether it is in case of losing or winning. Because in many cases it is seen that even after winning a good amount the gambler continues to wager more due to greed and later it is seen that he loses both the profit and the fund.
And of course, these are more in the case of addicted gamblers. Genuine gamblers always try to gamble according to their strategy, because it is only for entertainment and not to increase problems in life by becoming addicted.

Usually someone who gambles then loses more money than the amount he can lose from gambling is an addicted gambler, but you can use this to not lose too much, determine the amount that can be lost and when it runs out at the limit you stop at that time, do not have other expectations when your money has been spent, if you continue to continue finances and your mental state is not good it will become an impulsive gambling, and that will make you lose even more.

More when you have experienced defeat is to go to rest and away from the mind of gambling, it will give a little peace than continuing gambling, the important point that underlies it is that you must be able to control your emotions and expectations of gambling.

We must treat loans as an emergency financial and takes a loans is only for something that we really needed so we are not difficult to repay the loan. If we wants to create a business and we don't have much money, we can take a loan but with calculation how we will pay the loan, especially if the loan is from the bank. But if that loan is for playing gambling, that will not recommended because we will be difficult to have the money as we can use all of the money we have to playing gambling. But we will difficult to wins in gambling so we can't pay the loan. We don't have to follow other people life style because we have different lives.

If you already losing the money in gambling, the next strategy you must have is stops playing gambling and leave the casino so you can calm down your mind after your lose. You must reduce the tension from your losing in gambling so you can control yourself better after take a deep breath. Losing your money is a hard and no one wants to have that experience but in gambling, that can happens many times if we are not realizes. So we must not force ourselves to playing gambling without a break and we must knows when we should not playing gambling.

By taking out loans to play, your friend will fall one level lower with every dollar borrowed, and even he will not know when he will stop. If he doesn’t go to work right now to pay off a debt of $2000, then he will pay even more, because the loss will most likely come back to him again. Of course, he thinks that he will win back, so many players think so and this is their mistake. They do not see the previous experience that others have had, but only believe that they are special and that they will be lucky. In this case, I want to advise your friend to stop immediately and rethink everything, because it is in the first days after a loss that a player can be blind and take unreasonable actions in the hope of winning back no matter what.

If you're good gambler you should know when to stop, if the losing is higher than the winning you should take a break and learn more that the sport. But never quite,  you have to reduce your stakes and hit the bookies hard. For the past two weeks I was on break, I resumed yesterday and I won. Gambling is a winner takes all game. As you're playing to win, the bookies are praying you lose.

But don't be addicted to the extent you borrowe money to play, play with your spare money, don't depend on it as ur only source of income, you won't succeed.

There must always be a budget and if ever we lose everything, we should have the discipline to stop and not think about it. Move on, take a rest, deep breaths, and go find something new to be busy with.

Always, the main problem was chasing losses whenever a gambler loses his funds he tends to deposit more thinking his luck is near and he might recover the losses and more. Gambling doesn't work that way. Whatever we lost is gone, and if we are winning we should carefully think about if we want to withdraw or not. There's no strategy in chasing losses, it's just a simple revenge game that most of the time is unsuccessful and we are just wasting more money in the process.

Well that's the point, in the sense that in order to make the idea of emptying the wallet work a gambler must really be aware of the possibilities that can occur, meaning that before you run the session then you must first prepare for the idea which is what I did by emptying all the contents of my digital wallet before I started entering the gambling session. But if you think or suggest the idea when a gambler is already overcome by emotion then I think it's very unlikely that they will be able to do that, it's too late.

On the other hand, what you said is very true that we not only need to limit the amount of budget but also of course it must be followed by limiting the emotional self, because it is useless if you only put limits on the budget because in the end your emotions can really push you to do various impulsive actions like what gambling addicts do, and the point is that self-awareness needs to be really prioritized.

I don't get the type of people who think that if they lose enough then eventually they will start to win because they can't be unlucky so many times in a row that they constantly lose.

I mean it is obvious that we are going to end up with some return eventually, and I think the best way to go with this would be just realizing that we are not going to make as much money as people think we are going to make, even if we lose 100 times in a row, we can lose the 101st one, or if we lose a million times in a row, the next one could still be a loss. This is what I have seen with martingale, people think if they lose 10 in a row at 50%, that's low chance and 11th would be even lower and they must win. Nope, it is still 50% just like any other bet.

The act of emptying your wallet requires self-awareness. Like anything else in life that makes your blood race, gambling is all about controlling those basic impulses. It has to do with realising that although strong, our emotions can also mislead us. You wouldn't show up for a business meeting high on adrenaline (or drug). Or same with the casino

Establish those boundaries mann. Not just financial limits, but emotional ones too. Determine what drives you to chase those losses and then build that damn wall. You pick up skills in anger management and productive channeling in addition to fighting. Walking away from the table knowing you're the one making the decisions is the true accomplishment here, not how much money you gain or loss. Such discipline permeates all area of your life, including your work and relationships

That's right, and that's the point, which is that a gambler who will avoid various bad possibilities in gambling, especially losing large amounts of money, are those who know when to paddle and when to pull over. But the majority of gamblers always find it difficult to do this and I know the reason is because they find it difficult to completely ignore various temptations that look tempting, or because they can't resist continuing gambling when they have lost at least 3 times in a row as you said. The other thing is that most likely quitting at the right time will only be possible for gamblers who don't have a high interest or obsession with winning, because usually most of the gamblers who can't quit after losing are those who have hopes of winning so it is difficult for them to be responsible in every situation.


Yes, I understand that it is not an easy idea to do, especially if the amount of loss is very large, but I think there is no other way that can be used as a prevention when a gambler is in that situation other than stopping, because most likely then they will only be controlled by their emotions which will make them take various actions and decisions that are more crazy.

Emptying the wallet? Yes that can also be used as a precaution, but I think the idea should be prepared before a gambler runs a session or simply before they experience a desperate situation such as losing a large amount of money which is really difficult to empty your wallet when your whole mind is consumed by emotions. I've also done the idea you suggested where before I gamble I empty all the money in my digital wallet when I get involved in any kind of online casino, and it works to hold me back, or I mean it works to make me stop at the right time because I no longer have a way to make a deposit. The other thing is of course as you said that if we are truly responsible gamblers then maybe we don't need to make such elaborate preparations, but it doesn't hurt to do it as a preventive measure.

They are people who are always positive about their gambling decisions. Wouldn't call it addiction completely, but it's rewarding and highly risky for the gambler. Because all he could imagine during his deciding moments has to do with winning. If he hadn't concluded within him that he would win after taking the loan he wouldn't have looked into borrowing money.

For real I was thinking of taking a loan on something else, because within me it's been checked and confirmed that it would work out with profits. What would happen if it doesn't work out as expected. That's what gambling is about. It's uncertain.

Certainly loans are a tool for us to be helped in financial terms, such as in the urgency of the need for household appliances and others I also agree that it is not a problem if it is still within his ability to earn money, and if it is about buying luxury goods or a glamorous lifestyle from borrowed money, I think they are too imposing themselves to be seen by others that they have luxury goods to show to others and that is not a good thing for others and even for yourself just because you want to be considered rich.
And yes the best way is to only buy what you need not what you want so as not to exceed your limits.

There is no tolerance for lenders to losing gamblers, whatever it is, because basically they just lend money and don't care what the borrower will do with the money as long as he can pay the loan again at the agreed time, I agree with you that it is better not to gamble than to have to use borrowed money to gamble, no matter how much we feel we will be lucky never do it because if you lose the consequences are very big indeed, and if you don't have money to gamble then it's better to keep quiet and hang out with your family.

If they take loan for filling their daily needs, that will not be a problem because that is the important things in their life. If they take loan for buying stuff or luxury things that is not necessary for their life, that will not recommended because that is not too important for their life. We must consider what we needs to survive if we wants to take a loan but if we can manage our finances properly, we don't have to take a loan.

If they take a loan for playing gambling and lose that money in gambling, they must repay the loan because the lender will not lets them away without paying the loan. Take a loan must gives back the money and if they can't repay, they can gets in jail because they don't gives the loan money to the lender. People must not take a loan for playing gambling especially if they lose their money. If they lose, it is better to stops from playing gambling so they don't have to lose more money.

I have seen people who misuse loans before, but never this badly to be fair. Usually people take out loan to pay off their debt that made for material stuff, like they keep on buying stuff, luxury bags, latest phones, nails, saloon hair stuff, some house things like tech. We should consider the fact that people who are making these mistakes, do really see that they are making a mistake and yet do them anyway.

I mean did the person who took out a bigger loan, just to gamble, did not know that he may lose? I mean it is simple math, it is gambling and you could either win or lose and he knew that if he used that loan to gamble then he could lose that as well. So he did not really do anything that he did not expected as a result at all.

Yes, that's true, and gamblers should leave the game when they run out of money after losing. some people also control their gambling funds. But there are also many who cannot be consistent with this and instead use their spare money.

when you lose then quit gambling and come back when you have sufficient funds in the next game. Chasing after the defeats we receive will only increase the losses. We have proven that it happens a lot, only a few people get lucky when they chase their losses.