Topic: Chased loss, got it back and lost everything. - page 3. (Read 825 times)

Lesson from this story is we should never chase our losses since for so many times there are lot of statement that they lose more by trying to recover back their losses since we will became so greedy on this situation then chances to be out of focus is there since the only one we want to happen is to regain back the money we lost in that casino. That's why its better to avoid doing this situation and if we think that we already losing enough better quit then try again next time since for deciding to leave can help us getaway on more bigger stressful feeling.

I know there are lots of newbies could read this thread so hopefully they could learn a lesson from the story what OP shared since it doesn't bring any good effect for anyone to chase their losses since this could give them more problem.

I have never heard of someone doing something like that, as far as I have heard, all this time they have been chasing their losses but have never been able to get them and in fact they are losing even more because in the process of chasing them they are continuously spending money to gamble, hoping that the initial money they used can be returned and they get back the money you lost but in fact being able to catch up on losses is something that is very difficult to achieve in fact I have never heard of anyone being able to recover their losses as long as they continue to gamble I think there is only 1 person out of 1000 people who gamble the rest experience losses and don't able to catch up with defeat.

If someone has recovered their losses, they should immediately stop gambling and not continue their gambling sessions hoping to get more from their recovery. It's useless if you chase losses but instead you use the money again to make a profit as if the struggle you have spent risking everything is lost. Just like that with the defeat that you have fought for, when someone has won they should realize and be grateful because their defeat can be recovered and stopped for a while and can breathe a sigh of relief but if they continue they will only lose again.

With those who lose money it is indeed a natural thing, in gambling losing money or gambling that is done that ends in defeat is a definite thing that happens, also with those who have won and then lost back the victory maybe because they follow their greed, they cannot hold back their greed so they think when they get a win they feel they are still lucky and can get even bigger wins, but the reality is not like that. The winnings that have been obtained will most likely be lost again when they follow their greed and cannot control themselves.
I agree with you, indeed in doing gambling we must be able to be disciplined, with one of them is to set certain limits such as knowing when to stop and stay away from gambling that is done. Do not let the gambling even make us in the point of misery because only because we want to complete the feeling of wanting to win big.

That's why there's no such thing as a period or time when we can say we are successful in chasing our losses. It's always be the same situation for any gambler that everytime they have decided to chase their losses, instead of making it happen, the only ending they have is to lose more.

The thing is, whenever they have achieve their goal of making a profit using their new deposit to make up their losses, they get greedier and thinking to continue playing without realizing the consequences of their action. They continue to have the desire of making more money.

It is a common scenario that every gamblers experience nowaday, because of greed and hoping to get back all the money that they've lose and assumed that the money will double up the price but turns out to lose everything that they have. Worst thing is that even their savings and emergency funds has been used up. We need to learn with this kind of worst experience so that we can prevent to happen this thing to us, even if other people say that we can't learn by reading other people experiences and failures unless it will happen to us but at least we know the things that we need to avoid so we will not ended up being in that worst situation.

The only period you can say you were successful in chasing your losses is only when you win and withdraw them you used the money to do something important, that's why you can say your loses was recovered successfully. Outside that, you just lost more, a gambler who's a type that chase their loses always ended up losing everything. It's a lucky something that you must be careful when dealing with it, there are gamblers that their luck is very rare, so if you noticed that you such type you must be careful with the way you gamble. The gamble lost everything because he was greedy, if not that he was greedy, he would have be satisfied after winning plus the amount he lost previously.

This is how many gamblers get frustrated.

The mistake was from the beginning and it can go on like that for years, how you start to gamble determines how your gambling journey will look like, and one thing about gambling is that it affects you really fast.

If you care about your mental wellbeing you will gamble as if there is nothing to gain from it than having a good time instead of hoping for any massive amount of money.

I don't have this habit in me, if you are chasing your losses you have already risk what you can't afford to lose and the principle of a responsible gambler is to always use left over money to gamble, to have a peace of mind and be able to enjoy the time spent on gambling.

We are programmed to always want to win, and as humans we don't like giving up, but gambling is not the right place for such zeal, gambling won't make you rich, the chances of wrecking your life believing that it will make you rich is pretty low.

It is true that no gambler can get rid of the fact that defeat is bound to happen, the goal of most gamblers is to win, including those who gamble for fun. I think they also want to win, it sounds hypocritical if they gamble without wanting to win. In my opinion, the fun in gambling is at the point of winning, and I think with those who gamble for fun, maybe they say that because they don't want to be labeled as addicted to gambling. but basically gambling has a strong attraction, so many people are trapped by gambling, but if they can control themselves maybe they won't be easily addicted to gambling.

Apart from that, in my opinion there is no definite way to win at gambling, some people have a strategy that they have and believe that their strategy can produce a win, I don't have a problem with that because it is each individual's right, but I think It seems like there is no way to win with certainty when gambling. What's more, being able to win or be able to make money consistently, I think is almost impossible. I suggest not to expect more from gambling.

this approach should be linked to statistics not only to one's "compulsive" behavior.
the more you play the more you lose.
yes, of course you will be able to hit the superjackpot but statistically it is more likely that you will lose and not that you will have a super win.
indeed this illusion of a sort of "happy ending" that pushes gamblers to play compulsively looking for a superwin... that will never arrive.

Our nature is such that we don't want to give up on anything and we always prefer to win. Defeat is always bitter and if ever I lose I still try to win again. There is a lot of difference between a normal game and a gambling game if I lose in a normal game maybe I can win multiple times but in gambling game I will lose money as many times as I lose so if I gamble even after losing many times I will still lose money. In this case, we make a mistake. Whenever we lose multiple matches, we have to take a break and try to start again with a break. This increases the chances of winning a little. When it comes to gambling, whether the outcome is positive or negative, we always have to keep a cool head and make a decision.

Setting aside the fact that i needed to reformat that text wall MurrS7 wrote there in order to read it. It really looked like author didn't even care if anyone reads it, but just needed to vent.

It looks like a classic addiction. If anyone needs to max out their credit card for gambling, you just know they are in a wrong path, but that path doesn't stop there like that guy said. Winning your money back can obviously happen many times, and that's why they keep on making same mistake and trusting on that.

People don't become addicts because they lose, they just notice it from that. And from the fact same pattern of huge wins and huge losses keeps happening. And they are often too huge to handle.
Weirdly many gamblers don't even see chasing loss as gambling, but some sort of strategic move. And when they happen to win their money again, they can say that they learned their lessons, when in fact they just rewarded their brains with dopamine by gambling. Which is a key element of addiction. Brains get rewarded all the time, but some people are just too "susceptible" for it, if i am using that word correctly.

Didn't say winning gambling consistently daily but I said consistently. That means like being profitable int he business your are running and that you are a long term winner which is opposite to most gamblers. If you don't believe that making money in gambling is possible, then treat gambling for fun and forget your losses so you'll not be addicted if that's the risk you are thinking, but not everyone are the same.

This is one trap that every gambler avoids experiencing, but the majority of us commit this mistake I don't want to be a hypocrite, but this has happened to me so many times, and it's depressing to the point I have a hard time
getting a sleep, but you have to move and learn. It's tempting to do it again, but that was the past. Right now, I'm ok with it and have learned that you just cannot recover your past losses however you try.

Indeed, right from the start we should clearly distinguish between normal cheerfulness and excessive cheerfulness as well as the negative reactions after the low point of gambling that dampens our mood, sometimes losing a little is still more fun than losing a lot, another direction, losing a lot is still better than empty hands as well as a scratch on the soul. The strongest and most successful people do not come from gambling, they are strong in the way they overcome life and its shortcomings, they know where they should invest and where they should stop.

Classic loser's error. Gambler's fallacy: "winning it all back". Imagine predicting the stock market after one good day. However, you must be intelligent. With strong emotions, you're playing with fire. After that win and rush, you feel invincible. But then you lose control. Im not against gambling. I enjoy having fun. Be clever about it. Set limits. When you're even, leave. Winners do that. They know when to stop. Like running a business. You wouldnt keep funding a terrible transaction, right?  Folks, this goes beyond gambling. You need self-control and discipline. Knowing oneself and quitting while ahead is key. Yes, I've been there and done that. The smartest option is always one that safeguards your money and future.

Exactly. Even if we say we are gambling only an amount we can afford to lose, but in reality losing is not okay and we still want to make more money while betting and going home at a loss is just frustrating. Gambling will only be fun if we are in profits, but if we gamble and lose all our money, there won’t be fun for sure. That’s how I see about gambling, and I guess a lot would agree to that.

However, I still believe maybe in the future we can make it big in gambling. Although not that consistent, but most probably at least we gain highly satisfying profits.

That's where the trouble sets in, players hardly forgo the idea of a next win, after winning previously. Would I just attribute this behavior to players alone? I don't think so, humans, generally, behave this way. When something works, we do it again, hoping to achieve similar results. I wouldn't blame gamblers for this, the indulged game deals with the mind and money. Our minds are not strongly decisive when money is on point. Players are blind to this mistakes as it happen involuntarily. Sometime when we act out of curiosity to win money, within us, we feel in control, but deep down lots of time has been spent with no prior aim developed to stop the incurring losses.

Luck is a gambling term that should be closely observed to know how it works. I don't think anybody would tag luck as a factor that actually happens oftentimes. However, due to the curios mindset of winning again, some players would conclude that luck is on their side after winning a game. What if the luck isn't there as presumed? The player continually losses money hoping that luck is still close by waiting to work on his behalf. There are some false gambling strategies which most gamblers endorse and it affects, periodically, their gambling exercise in a negative way.

Sorry if I may ask, are you a professional gambler, the reason why I am asking is because you siad that all your money is valuable to you even with the one that you use to gamble, does that mean that you have never lost before in gambling. If it is Yes, then I will say that you don't gamble at all, but just saying something that is not possible.

If you value the little money that you are using to gamble, you should not gamble because it seems that it is not the amount of money that you can afford to lose. The money that I use to gamble is the amount that I don't care about if I loss it or if I give it out to someone. This is why I can always control myself and my emotions when gambling.

It is true and proven that lately more and more casinos, especially online casinos, are popping up which is reasonable to say that this is a very profitable business for the owners, and as you said that the biggest profit made by casino owners is because most gamblers find it difficult to resist or resist their lust to continue gambling as in the scenario of chasing losses to reach the recovery phase. And also yes as you said that most gamblers are overconfident with the idea that "luck still holds" so they continue the session, and I would say that when your confidence and expectations are higher then usually when things don't end up the way you want then obviously you will feel more significant disappointment, and this is why we are always advised to limit expectations on the outcome of gambling, not only to minimize the possibility of disappointment and emotions that can make you do things that make no sense.

It is a real scenario experienced by most gamblers that will lead them to greater disappointment and more dominating emotions, so it is only natural that we often see gamblers who run out of most of their money. Another thing is that no matter where you are involved, whether it's an online or physical casino, the bottom line is that if you treat gambling the wrong way then it's still the end of the world.

it's not like you're an idiot, it's a normal thing most of us have gone through. You know that it's easy to talk about regulating how we continue in our gambling at times when we've gained up to a certain amount but when it comes to real life situations like this, it's actywlly more deficult than we think. Knowing when to walk away is very necessary and it's the discipline every gambler should make a part of himself but it's not always easy to work away most expecially when you're in a situation that looks as though you're just a step to your next big win.