Topic: After losing the money in gambling,what is your strategy - page 9. (Read 2036 times)

That's the obvious thing but the long-term results will almost always be negative when it comes to gambling, you're going to suffer more losses rather than enjoying more wins unless you did win early on in your gambling huge amounts of money that it's enough to fizzle out the differences that you've had in terms of losses. I don't know about bad streaks though, most of the time, some people have a hard time quitting because they're chasing their losses which ends in misery because bad streak makes you emotional and when you get emotional, it messes up your game especially if you're playing something that needs skills, being emotional is a bane.

The same as when I win. Keep playing the same, what matters are the long term results, not having won or lost a single day. What does happen is that after many negative sessions in a row, what is known as a bad streak can affect you psychologically and you can start to make worse decisions because of it. If so it is better to play less and study the game more.

It is that simple, sometimes I see gamblers asking for self-exclusion features, help from their friends to monitor them all the time so they cannot gamble and many different other measures that are just skirting around the real problem.

If a person wants to stop gambling, whether this is just temporary or in a permanent fashion, the only person they can rely to do this is themselves, and if they cannot do so then it will not be long until they develop some gambling problems, or at least lose way more money than what they can afford.

This is usually the toughest moment of most gambler's life, some may believe that the best strategy at this point would be to keep pressing and playing, increasing your stakes and making them even higher, so you can get back those losses, which often what sends them into a ditch.

There are times that you just have to realize that it's not just your day and just walk away without looking back, cut your losses and hope for better results another day, this is actually the best strategy when you experience an unpredictable and unimaginable losses in gambling.
There's really no point trying to get back all the money you've lost because you'll end up losing even more than you imagined.

So the best strategy at the point is, just like someone on the thread said, turn of the browser, walk away and look for something else to do with your time, rather using it to chase your losses.

Gambling is risky, I won't say it again. There's presence of high stakes, it involves other gamblers money and we should be extremely careful when dealing with the system. Gambling is never an easy target for most of the gamblers out here. Losing huge figures will only make way for unpredictable outcome in the space. Every gambler have their styles they implement in the system, it's been up and downs for most of them but they still survived and continue striving for better results.

Best strategy ever. Wish more people knew it
It's usually best to take a few days off, sleep on it and decide with a cool head. Also, gambling can be a burden when you don't have a constant inflow of money. When you lose a lot of money, but know next month there's going to be a bunch of money in your bank account (the way Dana White lost his money) you're not going to panic or get depressed. Make sure when you gamble you also have nice income to back you up.


Wise words, since it's very easy to earn something when you have nothing. In such case every penny matters
I'm joking of course because he's trying to sugarcoat the fact that he fucked up and lost.

Gambling can be a fun way to spend leisure time. It can be a fun activity to spend time with friends or add some excitement to watching a game, but the key is finding the right balance between fun and hope for profit. Some people enjoy it as a casual activity. They are able to focus on the entertainment and social aspects. People who gamble for fun focus on the entertainment and social aspects. They set limits and gamble with what they can afford to lose.

Other people might be more strategic, treating it as a hobby or even a potential source of income, which the worst way to engage in gambling. It can never be a reliable way to make money. The house always has an edge, and chasing losses can lead to financial problems. Having a big win shouldn't be a big prestige, because it's just a luck game, but Losses are big shame, because of losing money for nothing. this applies for people who engage in  gambling for profit.

It is indeed better to close the site and find an alternative worthwhile activity if you are already on the losing end. It is not advisable to take a loan and continue playing for the hope of recovering your losses. The likelihood of losing more is always high. Because do remember, you are in gambling, where the chance of winning is slim especially if you are devoting yourself to luck-based games.

As mentioned by boltz above, he realized his mistake of gambling his money for his bills. That is good, because he is still aware of his wrongdoing and promised to himself not to do it again. But if you are in the stage of not worrying about losing money, which is supposedly for important matters, it means, you maybe are already heading to addiction stage and that is for you to address immediately.

Nice advice, many make huge losses on their gambling experience all because they couldn't help the situation to manage and meet up to the expectations, the more they make the attempts the higher the incidence of loss on what they are using to stake on bets, we cannot chase after loss in gambling, we only needs to try our best and accept the fate on each day performance in other to prepare for another, not that we should be running after loss.

Investing in this case is extremely dangerous, because to pay interest on the debt you will need to have a good income, but you will not be able to earn a lot from it constantly, because investing is like a pendulum, and no one knows where we will end up, but I would assume the worst case scenario. What if, having invested part of the money, we lose, and thus interest and loss will be borne by us. It will be almost impossible to crawl out of such a bottom, and even if it is possible, I wouldn’t wish my enemy to be in such a situation. I would exclude this investment option, even if they tell me that the chance of income is high, I am not ready to take that risk. It’s better to find a real job and part-time work, but it will be hard, but we have a salary, and stability in paying off debt is the most important thing.

His main goal right now should be to repay this loan as faster as possible, without delaying a second, in order to not accumulate further interest rates to be paid or fines. Besides that, he shouldn't risk money anymore. Keep the borrowed money to repay the loan, while working on regular jobs, as you said, to compensate the interest rates he is in debt to the bank.

Another alternative would be to use the borrowed money to invest in something he can make quick money, without the risks gambling involves. It still involves some risks, though. So every investments must be very well calculated before executed. Especially regards how long it's going to take to recover the initial investment. If it's going to take a long time, I fear it's not worthful, because it will impact over the loan's payback.

People that feel gambling is a die hard activity are those people that don't gamble for fun but for a different reason. If not I don't know why anyone would want to kill himself that it is a most for him to make profit from gambling. Gamble is something that one should not take that serious but only for the fun, and nothing more.

Gambling is something that one must do with caution to avoid excessive losses, which cannot be won back. This is why only the amount of money that you can afford to lose is what every gamble should use to gamble so that he can be happy and enjoy the fun in gambling.

Yes it is true that however and in any case losing money is a very painful situation, and this is why we have to be someone who is wise in making every decision, I understand that deciding to get involved in gambling is not a wise decision because no matter how good your self-control is in gambling still you will not be able to completely avoid the name of loss, This means that all typical gamblers have the possibility of losing but maybe in different amounts but at least with you having a good plan that leads to many precautions in gambling then you will not experience a too significant amount of loss and this is why we always recommend to be a responsible gambler which as you said by only risking the amount of money that we can afford to be responsible for.

It is clear that losing money, especially a significant amount, can make it difficult for a person to ignore their emotions, and it has been proven that most gamblers can't help it and instead vent their emotions by betting in a more aggressive manner based on desperation and hopes of recovery. This means that if you do not want to experience a significant amount of loss then you must first understand what to do that will be useful to minimize the amount of loss, which is to only bet the amount you can afford to lose because with this amount, it is less likely for you to experience emotions and also less likely for you to experience a large amount of loss because there is no dominating emotion.

Yes that's right, when we lose then yes it's best to draw the line as soon as possible or stop and rest, this is highly recommended to calm yourself and prevent you from some impulsive decisions that can make the situation worse, and the point is that we must understand that the possibility of losing will always haunt us in every gambling session.

I love that. That's the best decision we will make after losing loads of amount in gambling. Take a break, it's free.
You did the right thing there, avoiding jeopardizing the money that is meant for something important. Give it to someone else where you will have no access to it anymore and family is the best choice as they can be trusted to do the right thing.
In my case, I give it all to my wife and let her make the payments for the bills when the time comes because if I have that money, I am sure I will go gambling and might test my luck. The losing percentage is just way higher than winning so it's best if the important money is kept hidden or out of your hands and then just leave the amount that you are ready to lose so when it's all gone you will have no other choice but to take the rest. Also, this obliges us to be careful on our bets because we realize we are near ending our gambling days we make the safest bets.

Well, I apply that thing about closing and not playing for a while, more than anything in trading and gaming, when I play I always look at my options, if I continue playing when I know I won't have the opportunity, I don't insist, sometimes I even feel that I am going to lose, so in the face of these things we have to see very carefully what opportunities we can have , I am very given to things being able to turn out in favor of sports betting because I have more luck there, in this order of ideas, the Things with sports betting change the face of any player because there are more possibilities of winning, well that's how I see it, but at the moment of losing I think it's time for one to close, forget what happened and with that it's time to reflect on why we failed and why we continue so insistently in this, that is what one must reach a level of relaxation so that one can correct where one went wrong.

Losing huge amounts of money while gambling is quite painful. This is one of the major reasons why people often comment staking what you can afford to lose. This is because losing huge amounts of money often comes with a great deal of emotional stress which is obviously something a gambler should try as much as possible to avoid. At the point of having huge loss, in my opinion the best option is to kindly pause the entire gambling activities instead of continuing to stake which can even add up to additional losses if you eventually end up losing. Gambling is a supposed fun activity and not a die hard one therefore a responsible gambler should be mindful of how much they put into making bets and stakes.

That's how a person with  gambling addiction end up blinded with his wrong perception and motivation in life. He will realized in the end that gambling is not the answer to his problem, but an effective way to worsen his current problem.

Probably for now, he might think that he can easily recover his previous losses if he'll get lucky with his bets, but once he will experience consistent losses again that will used up all his loaned money, I guess by that time there is no backing out, and eventually ruin all his remaining money in gambling. Until he gets back into his proper thinking that there is no way who can take advantage with gambling, but everyone can be totally taken advantage by the gambling casinos.

My strategy ? Close the browser , close the app , forget about gambling and move on because if you don't do this , you will have the temptation to chase your loses and that can do a lot more damage to your pocket than usual as I know this on myself lately where I've gambled just a bit from my bills money and that was a huge mistake that I will never ever repeat again and that's why I no longer have access on my bills money and my parents will remotely pay for me.

What is there to actually do again when someone loses their money than to play a cool head and remove your mind from that area for me relaxing the mind is the next possible action and also accepting the fact that I have actually lost the funds would probably make things a whole lot easier for you. Because the moment your mind is fixed on that particular funds then you will find it difficult to let go and that can even call for more loses.

OP, it is a priority to understand that you are going to lose most of the time, it is a mathematical question, the key is to keep your funds as close to breakeven, so that when the variance goes in your favor, you would manage those profits.

The mistake is that many players, like the case you mention, want to turn those 2,000 into 10,000 in a couple of bets or a couple of hours.  The player who understands losses as game strategies knows that if he loses 2000, he must have the effect of losing a "$1," e.g., If not, he is betting out of the bankroll.

Many players without betting are already losing because they do not have the slightest idea of financial management, or how to manage a bet size correctly per game, per odds, bankroll, etc.