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Topic: After losing the money in gambling,what is your strategy - page 5. (Read 993 times)

full member
Activity: 560
Merit: 161
,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.
It is unwise for one to have serious issues to solve with money and decides to use the available money to play gambling when their is an unsolved problems that's demands money. I know addiction makes people to play gambling anyhow, this can happen when one has no serious problems to solve with money but it is so dissapointing to see people that have important things to solve with money still make mistakes to use the money to play gambling thinking that they can get double of it, it doesn't make any sense.

The risk of losing money should be a reason why people needs to be scared of using all they have to play gambling instead they still try their luck to play with the only available money which the possibility of losing it is high.
legendary
Activity: 2394
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Leading Crypto Sports Betting & Casino Platform
Losing is  common experience to all of us. Whenever I am in huge loss in gambling, I usually take a pause to somehow calibrate my luck although without assurance but obviously it would be better than to push my luck on winning the game and make up with what I have lost. I am seeking efficiency with gambling; limit to loss and limit to profit. So far, this habit of mine helped me to be quite in profit than with what I have experienced when I was still betting bigger amount than what I supposed to.


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.

Your friend has a bad strategy all method or strategy, anything that involves taking a loan is always a bad idea, you should never play with the idea that must win and beat the casino it is pressure playing that will eventually backfire on you.
In my case whenever I suffer huge losses I take a break so I can forget my losses, you don't play right away and try to regain what you've lost, as a rule of thumb in gambling you must never chase your losses, it's a bad mindset, a bad idea and bad strategy, so it will yield with a bad result.

Taking a break would be better than to push your fate in this industry; if you lost then you're unlucky and this is the simplest explanation to why do people stress that much whenever things are not going in accordance with what you assume in the first place.
legendary
Activity: 2898
Merit: 1152

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.

It is quite sad that your friend did not realized that he has done to much misery to his family.  I understand your friends eagerness to recover the money but he should have realized that the more we chase losses and aim to recover in gambling the more we lose since our decision is greatly affected by the desire to recover the amount. 

I am with you in suggesting your friend to stop gambling (for the meantime) and look for a stable job and pay for his debt first before going back to gambling.  or if your friend can't stop gambling, he still needs to look for a stable job, and allocate a certain percentage of his income to paying the debt, fund for gambling, and family needs, obviously he must prioritize the expenses for the needs of his family. 

But it looks like your friend is somehow stubborn and keep on insisting that he can recover his losses.  I think you can't do anything in this situation and let your friend be, at least you had adviced him of the right thing to do, it is up to him if he will heed it or not.
jr. member
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Gambling with borrowed money to cover prior losses is an extremely dangerous and foolish act. Borrowing money to gamble is highly ill-advised as it may exacerbate your already existing financial troubles. If you have started going through a difficult time because of earlier gambling losses, taking a loan will only make the financial burden more unbearable, which would likely perpetuate a cycle of economic turmoil.


It’s true most of the gamblers had loss their funds by chasing their loss after their loss in the gambling site.The important to understand the reality,why the gambler should risk again where the possibility of winning is like 50-50 of the betting.Many gamblers get into the bankrupt by choosing the option of borrowing the money to target the losses in the past games.Many experienced gamblers will not accept the way of borrowing for the next game in the gambling site after the loss of their entire capital money.


An irresponsible way to solve money problems or make up for previous losses is gambling. What you should be concentrating on is putting an end to your gambling addiction and then slowly turning around your financial situation without any aggressive efforts. Dealing with a gambling problem takes self-awareness, the support of loved ones, and sometimes the aid of a therapist or an addiction counselor. So if you learn that one of your loved ones has a gambling problem, it is better that you be supportive for them to overcome it.

The responsible gamblers will accept their loss in the gambling site,they never worry about the old losses.Because by participating in the gambling site,they agree to play the game with the 50-50 chance of winning in the gambling site.The borrowing for the loss is like the money loss may be multiplied.So it was essential for the gamblers to get away from the more loan to get into the huge financial problem.The experienced gambler would not take the loan to play gambling with loan.

Acceptance comes first in gambling, accepting any outcome on a bet because you only win or loss as a result of the chances in the game. If you accept and understand that you can always show up another day. There is no greater strategy than playing another day rather than risking or borrowing money, 75% at times you won't be in a state were you gamble based on your decision and analysis.

Moderation over everything, cut your loses and ensure you have limits, lose and win is certain accept any.
hero member
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Gambling with borrowed money to cover prior losses is an extremely dangerous and foolish act. Borrowing money to gamble is highly ill-advised as it may exacerbate your already existing financial troubles. If you have started going through a difficult time because of earlier gambling losses, taking a loan will only make the financial burden more unbearable, which would likely perpetuate a cycle of economic turmoil.


It’s true most of the gamblers had loss their funds by chasing their loss after their loss in the gambling site.The important to understand the reality,why the gambler should risk again where the possibility of winning is like 50-50 of the betting.Many gamblers get into the bankrupt by choosing the option of borrowing the money to target the losses in the past games.Many experienced gamblers will not accept the way of borrowing for the next game in the gambling site after the loss of their entire capital money.


An irresponsible way to solve money problems or make up for previous losses is gambling. What you should be concentrating on is putting an end to your gambling addiction and then slowly turning around your financial situation without any aggressive efforts. Dealing with a gambling problem takes self-awareness, the support of loved ones, and sometimes the aid of a therapist or an addiction counselor. So if you learn that one of your loved ones has a gambling problem, it is better that you be supportive for them to overcome it.

The responsible gamblers will accept their loss in the gambling site,they never worry about the old losses.Because by participating in the gambling site,they agree to play the game with the 50-50 chance of winning in the gambling site.The borrowing for the loss is like the money loss may be multiplied.So it was essential for the gamblers to get away from the more loan to get into the huge financial problem.The experienced gambler would not take the loan to play gambling with loan.
hero member
Activity: 1092
Merit: 507
Leading Crypto Sports Betting & Casino Platform
Taking up some loan for you to gamble more or would really be trying out to make some recovery of your lost funds? For sure you are really that digging up your own grave if you would really be continuing this kind of behavior on which it would really be that better that you should really be that avoiding such mistake as much as you could. On the time that you would be losing money then dont make yourself that be thinking that you could really be able to recover on what you have lost. Always be that sensible on the actions you are making and since you are really that been wary that gambling is risky then it would be better that you should be completely quitting up or stopping on the time that you had exhausted all of your bankroll on which it would really better that having that control as always.

Actions or behavior like that do not have to be done, if they take the action of borrowing money to return to gambling, it is true that you say they are digging a grave for themselves. In my opinion, it is also very unnatural when they dare to borrow money to be able to gamble again by wanting to chase wins or to recover losses. because gambling that is done will definitely only make us lose money, recovering losses is the same as spending all the money they have, clearly borrowing money to gamble means they have lost all the money they have.

accepting the risk with the fact that it will definitely happen is what must be determined, never think or have thoughts about recovering losses in gambling or chasing wins, because that will only get us into trouble. What you say is correct, we have to be wise in gambling, don't let gambling hypnotize us, when the gambling we do ends in defeat then we have to stop and walk away from gambling and not gamble again.
legendary
Activity: 3192
Merit: 1198
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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.

Your friend has a bad strategy all method or strategy, anything that involves taking a loan is always a bad idea, you should never play with the idea that must win and beat the casino it is pressure playing that will eventually backfire on you.
In my case whenever I suffer huge losses I take a break so I can forget my losses, you don't play right away and try to regain what you've lost, as a rule of thumb in gambling you must never chase your losses, it's a bad mindset, a bad idea and bad strategy, so it will yield with a bad result.
hero member
Activity: 1582
Merit: 689
Leading Crypto Sports Betting & Casino Platform
Gambling with borrowed money to cover prior losses is an extremely dangerous and foolish act. Borrowing money to gamble is highly ill-advised as it may exacerbate your already existing financial troubles. If you have started going through a difficult time because of earlier gambling losses, taking a loan will only make the financial burden more unbearable, which would likely perpetuate a cycle of economic turmoil.

An irresponsible way to solve money problems or make up for previous losses is gambling. What you should be concentrating on is putting an end to your gambling addiction and then slowly turning around your financial situation without any aggressive efforts. Dealing with a gambling problem takes self-awareness, the support of loved ones, and sometimes the aid of a therapist or an addiction counselor. So if you learn that one of your loved ones has a gambling problem, it is better that you be supportive for them to overcome it.
full member
Activity: 1190
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This is where some gamblers are missing it in gambling, for not apply plan B to hustle to get some money to gamble in another day because the moment you continue gambling when you are losing, it will not allow you to apply the plan B.

 Never you loan money to try to recover your losses from gambling, than to use the little money that enter your hand to gamble until you begin to win before you can increase your money.

 Loaning money to gamble is not a strategy to encourage gamblers to involve themselves, which you need to advise your friend never to get involve because he will not concentrate on his gambling and his mind will be on the loan, and it will make him to lose more.
hero member
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It is very unwise for an individual to loan money and go into gambling with the hope of doubling the money, some individuals have been lucky though but it's not advisable and very risky moreover your friend  previously lost $2000 so the best thing to do is pause for a while, come up with better strategies and continue later if he wishes, but then not with a loaned money but spare cash he could willingly lose.

 Well if he were to be my friend the best advise I'll give him is to take a temporary pause and try again later instead going to borrow money and chase his lose, what if he lose the money he borrowed to recover his lose, would he go borrow another money again to pay for the old debt? These are things I expect some individuals to put into consideration before taking some steps they'll regret and since he's your friend you're in the best position to feed him with good advise.
If someone takes a loan to continue playing gambling, that will be the worst decision because he will not have a big chance to win from gambling instead will lose the loan money and he will difficult to repay the loan. He will feels difficult to doubling his money from gambling as gambling is not a place to make money instead for have fun in his spare time. If he still insist doing that over and over, he will only gets lose all of the money and he must repay the loan money. He will not realize his mistakes because his minds will only thinks about how to wins the money from gambling.

The best strategy that a gambler can do is trying to limits his money for playing gambling and must realizes that playing gambling is just for fun and not for makes money. He doesn't needs to takes a loan for playing gambling because he can allocates his money to playing gambling without making him in trouble. All people can do that but it needs to realizes that he must makes limitations to playing gambling and trying to break his rules.
hero member
Activity: 616
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 It is very unwise for an individual to loan money and go into gambling with the hope of doubling the money, some individuals have been lucky though but it's not advisable and very risky moreover your friend  previously lost $2000 so the best thing to do is pause for a while, come up with better strategies and continue later if he wishes, but then not with a loaned money but spare cash he could willingly lose.

 Well if he were to be my friend the best advise I'll give him is to take a temporary pause and try again later instead going to borrow money and chase his lose, what if he lose the money he borrowed to recover his lose, would he go borrow another money again to pay for the old debt? These are things I expect some individuals to put into consideration before taking some steps they'll regret and since he's your friend you're in the best position to feed him with good advise.
hero member
Activity: 2212
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After losing money in gambling, there are various steps in which a gambler must take depending on the circumstances provided, such as:

  • Stop and call it a day;
  • Continue to gamble if the remaining funds are within the allocated budget;
  • Try a different game provided in the gambling platform;
  • Take a break and gamble again within a few minutes;
  • Re-evaluate the situation and decide afterwards.

Naturally, the if a person loses in a gambling, the initial reaction is to recover their losses by gambling again. This kind of strategy may snowball depending on your luck and if your budget allows you to do so. The list provided is not exclusive as there are still other ways in which a person may do after losing but the most important factor there is having a designated budget in gambling.

If you have no allocated budget for the day, then you run the risk of continuously gambling non-stop. Always re-evaluate the situation and be rational when it comes to spending. As a rule of thumb, do not chase away your losses especially if you go beyond your budget for the day.
legendary
Activity: 2436
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Any loss, and especially a big loss, is a reason to think about it. The most important thing you should do (if you haven't already) is stop playing. It is obvious that you have made one or more serious mistakes. Perhaps these are errors in game forecasting, in risk management, in money management, or some other error. But the fact of the error is obvious. You must come up with a solution that will help you neutralize these errors in the future. Otherwise, further continuation of the game is pointless.
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Additionally, if we are going to consider the risk involved, i don't think such should even be regarded as a strategy, instead a stupidity, from the first place, taking loan is not a good idea for starting a business and not to talk of using it for gambling purpose, with this kind of decisions, so many gamblers have be thrown into divers categories of troubles at the cause and there is no how they can see gambling as fun anymore with this than frustration because they are busy running after what they may not be able to achieve with the loan taken.

Permit me to say that it only takes the grace of our good God for someone who is exhibiting such behavior towards gambling to be safe and free from frustration. It can only be luck that can make them to either win jackpot or call back their mind to realize that what they are doing is a big mistake. @348Judah, it is normal to take loan for business purpose but not for the purpose of gambling, but before taking loan for a business purpose, the person must makes sure it's a business that will be profitable to avoid being in a bad situation.
hero member
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Anyone who borrow money to gamble is not a responsible gambler and he will definitely be an addicted gambler. And for the first place why must a gambler agreed to lose gambling because in gambling you have to try your luck with good or bad and you don't have to agree that you are going to lose. Tell your friend not to push his loss in gambling because he will end up chasing to become an addicted gambler. And he should be a responsible gambler with a well plan budget so that he can control his gambling habit and if not he will lose more. Though it is good to change strategy but he has to be a responsible gambler.

Exactly! OP's friend shows being an irresponsible gambler because he used loan money just to get back all the money that he have loss in gambling which is not advisable because we all know what will going to happen if we do that kind of strategy, You will become addicted and being in a huge debt. No matter how many advise we give to them, OP's friend will never listen because seems like he is decided on the things that he will going to do.

Knowing the nature of gambling and the risk involved, i will also not support for the use of loan all in the name of having recovery, do we even have that confidence that we are going to win if we should take loan in other to win, is chasing after losses proven to be one of the effective means of winning in gambling, have we even consider the house edge effect upon every bet we are taking, why do we think that many will advise that only gamble with the amount of money you can afford to lose, all these should be put into consideration by the gambler.

Taking up some loan for you to gamble more or would really be trying out to make some recovery of your lost funds? For sure you are really that digging up your own grave if you would really be continuing this kind of behavior on which it would really be that better that you should really be that avoiding such mistake as much as you could. On the time that you would be losing money then dont make yourself that be thinking that you could really be able to recover on what you have lost. Always be that sensible on the actions you are making and since you are really that been wary that gambling is risky then it would be better that you should be completely quitting up or stopping on the time that you had exhausted all of your bankroll on which it would really better that having that control as always.

Additionally, if we are going to consider the risk involved, i don't think such should even be regarded as a strategy, instead a stupidity, from the first place, taking loan is not a good idea for starting a business and not to talk of using it for gambling purpose, with this kind of decisions, so many gamblers have be thrown into divers categories of troubles at the cause and there is no how they can see gambling as fun anymore with this than frustration because they are busy running after what they may not be able to achieve with the loan taken.
full member
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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.

This is too risky a decision. Borrowing money to gamble is already a bad thing to do, and this is even worse when you have already lost money. The mentality of regaining back his loses can harm him, and debt will pile up on debt.

This is a fairly common mistake of people who lose at gambling. They are bitter and do not accept their losses, leading to borrowing to get out of trouble, but the more they do that, the deeper they fall into debt. I was once in a similar situation so I understand this feeling very well. If my relatives hadn't intervened in time, I probably wouldn't have been able to get back on my feet with high-interest loans. It can be said that the more you play, the more you lose.

Therefore, the lesson I learned after losing money in gambling is that you must learn to forget that loss by taking a break from playing for a while. After you calm down, think about continuing to play, don't try to get money back immediately.
hero member
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Anyone who borrow money to gamble is not a responsible gambler and he will definitely be an addicted gambler. And for the first place why must a gambler agreed to lose gambling because in gambling you have to try your luck with good or bad and you don't have to agree that you are going to lose. Tell your friend not to push his loss in gambling because he will end up chasing to become an addicted gambler. And he should be a responsible gambler with a well plan budget so that he can control his gambling habit and if not he will lose more. Though it is good to change strategy but he has to be a responsible gambler.

Exactly! OP's friend shows being an irresponsible gambler because he used loan money just to get back all the money that he have loss in gambling which is not advisable because we all know what will going to happen if we do that kind of strategy, You will become addicted and being in a huge debt. No matter how many advise we give to them, OP's friend will never listen because seems like he is decided on the things that he will going to do.

Knowing the nature of gambling and the risk involved, i will also not support for the use of loan all in the name of having recovery, do we even have that confidence that we are going to win if we should take loan in other to win, is chasing after losses proven to be one of the effective means of winning in gambling, have we even consider the house edge effect upon every bet we are taking, why do we think that many will advise that only gamble with the amount of money you can afford to lose, all these should be put into consideration by the gambler.
Taking up some loan for you to gamble more or would really be trying out to make some recovery of your lost funds? For sure you are really that digging up your own grave if you would really be continuing this kind of behavior on which it would really be that better that you should really be that avoiding such mistake as much as you could. On the time that you would be losing money then dont make yourself that be thinking that you could really be able to recover on what you have lost. Always be that sensible on the actions you are making and since you are really that been wary that gambling is risky then it would be better that you should be completely quitting up or stopping on the time that you had exhausted all of your bankroll on which it would really better that having that control as always.
hero member
Activity: 714
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Anyone who borrow money to gamble is not a responsible gambler and he will definitely be an addicted gambler. And for the first place why must a gambler agreed to lose gambling because in gambling you have to try your luck with good or bad and you don't have to agree that you are going to lose. Tell your friend not to push his loss in gambling because he will end up chasing to become an addicted gambler. And he should be a responsible gambler with a well plan budget so that he can control his gambling habit and if not he will lose more. Though it is good to change strategy but he has to be a responsible gambler.

Exactly! OP's friend shows being an irresponsible gambler because he used loan money just to get back all the money that he have loss in gambling which is not advisable because we all know what will going to happen if we do that kind of strategy, You will become addicted and being in a huge debt. No matter how many advise we give to them, OP's friend will never listen because seems like he is decided on the things that he will going to do.

Knowing the nature of gambling and the risk involved, i will also not support for the use of loan all in the name of having recovery, do we even have that confidence that we are going to win if we should take loan in other to win, is chasing after losses proven to be one of the effective means of winning in gambling, have we even consider the house edge effect upon every bet we are taking, why do we think that many will advise that only gamble with the amount of money you can afford to lose, all these should be put into consideration by the gambler.
sr. member
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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.


It's very certain that you have to lose in this aspect but the biggest mistake on could ever find themselves doing is gambling with borrowed money or loan,it's a huge risk I would say and a loss cause you can't tell what the outcome will be like and with that having a huge responsibility at hand should necessitate the fact that you should opt out from such.
So no I don't think after this great loss there's more to achieve Nah,their isn't but the strong addictive force won't let such gambler to resist gambling but he should just quit gambling entirely and look for better means to cover up the loss rather chasing it .
hero member
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~snip~

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.

If that's his response, there's nothing you can do about it since that piece of advice from you won't harm him. You're very concerned about that person, but he just neglected the brilliant idea of taking into regular job that will provide souce of income for living.
Gambling isn't an essential form of money making, proven by luck you'll be able to earn profits but in most cases losses will make a person fail and fail until such time you'll be drowning to debts that's hard to recover.
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