Topic: Chased loss, got it back and lost everything. - page 6. (Read 825 times)
Throughout the gambling that I do. I personally have never experienced something like that, but several of my close friends have experienced something similar to what the OP said. They spend all the money they have to continue chasing something that is uncertain, until they experience quite large losses, one of my close friends has spent approximately 1000 USD in one gambling session. and to recover the losses he experienced, he then borrowed 50 USD from me. Since the amount wasn't very big, I gave him a loan, and after a few minutes he went straight back to gambling. It didn't take long, he almost completely recovered the losses he experienced before, he won up to 800 USD, and I immediately advised him to withdraw his winnings. But because he thought that luck was on his side, wanted to recover all the losses he experienced, and sought profits from the gambling he did, in the end he decided to continue gambling. And as a result, what he had achieved was spent back in gambling, so that all he got was a loss and... loss
Well based on my observation here in my place this is the most common reason why gamblers are being liquidated even if they already have winnings it is because they chase their losses. With that being said clearly states that there is really no good benefits of being an irresponsible gambler. We need to be contented and move on chasing losses will only get you the higher chance of losing all the money you have.
Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.
Reading this guy confession https://www.gamblingtherapy.org/forum/topic/compulsive-gambler-chased-loss-got-it-back-then-lost-everything-again/ sometimes remind me of myself when I’m still not that fully taking control my gambling habits. I’m sure other players can relate to the part that you still keep playing after recovering your losses for a hope to win a little bit before you leave.
Reading this guy confession https://www.gamblingtherapy.org/forum/topic/compulsive-gambler-chased-loss-got-it-back-then-lost-everything-again/ sometimes remind me of myself when I’m still not that fully taking control my gambling habits. I’m sure other players can relate to the part that you still keep playing after recovering your losses for a hope to win a little bit before you leave.
This post reminds me of a recent topic we discussed in bc Ann thread although the story is not exactly the same but they both have similarities.
In the one we discussed - it was about Bossmanjack, in his video he managed to chase his losses and won more than he had lost, he didn’t stop there he went ahead and withdrew the money to his non-custodial wallet but after some hours later his intrusive thoughts got the best of him and he went back and lost everything he had won.
I don’t know if there’s a tingling sensation for those that have managed to get some good winnings - because most times they like going back or feel the urge to go back and use that same money they just won to gamble thinking they’ll win more but in the end they’ll end up with nothing.
I am familiar with those cases, but fortunately not because I have lived it myself. When I have felt tempted to chase my losses I try to remember the stories like these ones , then I just opt to log out the casino and try to forget on what happened.
On the other hand, I have seen many people to go through that situation when they try to go in a rampage of "revenge" gambling and get their money back, in specifically two occasions I have read of gamblers Lossing all their money because of that recklessness, while only two of those stories have ended up with a happy ending and having their money back, plus some extra.
I think, in the eye of the casinos, it would be convenient for people to feel like chasing losses, but for us gamblers who need to be responsible, we cannot allow ourselves to chase any loss we come across during our sessions on a casino.
On the other hand, I have seen many people to go through that situation when they try to go in a rampage of "revenge" gambling and get their money back, in specifically two occasions I have read of gamblers Lossing all their money because of that recklessness, while only two of those stories have ended up with a happy ending and having their money back, plus some extra.
I think, in the eye of the casinos, it would be convenient for people to feel like chasing losses, but for us gamblers who need to be responsible, we cannot allow ourselves to chase any loss we come across during our sessions on a casino.
Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.
We need to understand that gambler will gamble daily and it is a on going activity. He will win sometimes, and he will lose sometimes. So even in cases where a gambler loses and in order to recover the loss, he may gamble more and maybe win and recover the loss. But this is not the end.
The next day he will gamble again and lose or win. If at one time he is able to recover the loss by revenge gambling, it does not mean that he will be able to recover the loss again in a similar way. One day he will not be able to recover the loss and lose more money this way and an emotional person may lose everything as he will be emphasizing to recover the loss, no matter what it takes.
This is a reason that the successful gambler is one who has a proper plan in his mind and a loss or win will not let him change his plans. He will stick to his idea and of course in this way, he cannot lose more than what he has initially calculated.
Reading this guy confession https://www.gamblingtherapy.org/forum/topic/compulsive-gambler-chased-loss-got-it-back-then-lost-everything-again/ sometimes remind me of myself when I’m still not that fully taking control my gambling habits. I’m sure other players can relate to the part that you still keep playing after recovering your losses for a hope to win a little bit before you leave.
Reading the whole testimony provided on this link makes me wanna shout the sharer to stop fuckin gambling. I knew the urge of gambling more after a consecutive win because you think that lucks will always with you but the story started with a huge loss that he just slowly recovered due to the series of small win from his luck.
That’s already enough to consider stopping on risking money that he just recovered yet he keeps pushing to play more that’s why he ended up in more losses. I experience a lot of chasing loss but I always stop right after feeling the adrenaline rush and recover my losses because that’s already satisfied me. The story show the typical behavior of compulsive gambler which is sucks to be on this situation.
This is always the end results of greedy gamblers. I have witnessed gambling games and street gambling to be precised where a gambler wins and wins and still yet not satisfied with the amounts he won. He developed ego and pride and was boasting to win everyone again and again. He was not sensitive to know when to quit and leave with what he has won but rather he was boastful challenging everyone and it became obvious that they had a challenge him back and that was how he lost everything there and it was just like a dream to him that he lost everything on him called money. He was cold and left there with shame and they were laughing at him.
Sometimes it is good to be satisfied with what you have won matter how small or big it is. For the fact that you have won first round is enough for you to call it a quit while others continue. Do not be greedy, have self control and quit immediately for your own safety.
Sometimes it is good to be satisfied with what you have won matter how small or big it is. For the fact that you have won first round is enough for you to call it a quit while others continue. Do not be greedy, have self control and quit immediately for your own safety.
Every profits chasers can verily attest to had passed through this experience, especially the greedy gamblers.
I am a victim and has experienced it several times.
It do me so much good that I could advice myself to apply smartness while gambling in the sense that I should appreciate little profits and know when to stop gaming further so that I don't lost it all even to my capital.
So then I was able to differentiate smart-wise from greeds
Formally I have always wanted to accumulate big or bigger amount of profits before leaving but unfortunate that I lost them all off back to the casinos.
I am a victim and has experienced it several times.
It do me so much good that I could advice myself to apply smartness while gambling in the sense that I should appreciate little profits and know when to stop gaming further so that I don't lost it all even to my capital.
So then I was able to differentiate smart-wise from greeds
Formally I have always wanted to accumulate big or bigger amount of profits before leaving but unfortunate that I lost them all off back to the casinos.
This happens because in gambling, the principle is that every next step seems to be successful, and all the steps before that seem somehow unsuccessful and ill-conceived.
By "steps" I mean: another sports bet, one spin of slots, a bet on the casino table or a poker game.
Human psychology believes that each of us was a fool and now we have become smarter. And this is even when we are not developing our brains.
Every profits chasers can verily attest to had passed through this experience, especially the greedy gamblers.
I am a victim and has experienced it several times.
It do me so much good that I could advice myself to apply smartness while gambling in the sense that I should appreciate little profits and know when to stop gaming further so that I don't lost it all even to my capital.
So then I was able to differentiate smart-wise from greeds
Formally I have always wanted to accumulate big or bigger amount of profits before leaving but unfortunate that I lost them all off back to the casinos.
I am a victim and has experienced it several times.
It do me so much good that I could advice myself to apply smartness while gambling in the sense that I should appreciate little profits and know when to stop gaming further so that I don't lost it all even to my capital.
So then I was able to differentiate smart-wise from greeds
Formally I have always wanted to accumulate big or bigger amount of profits before leaving but unfortunate that I lost them all off back to the casinos.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
Snip
This happens because when we get back all of our losses we get a huge adrenaline and the dopamine that our brain has emitted during such time makes us feel really good.This makes us think that we will keep winning again so it is just a matter of time until we are back at it and while we are back at it,rarely we will witness another winning session,it simply most of the time does not happen.In such a scenario personally I say to myself since I got so much back,the max win should be right about the corner and this has led me more than one time to lose it all,so for me this is just a normal gamblers behavior.
I really this scientific explanation approach since I experienced this first hand and there’s something on my head that makes me want to continue further due to enjoyment.
It’s like all dark and cloudy on my mind when I’m in loss and chasing losses but it feels like heavy load unload when I finally catch up that’s why continue betting is very easy or even doing more risky bet because the mind has some chemical reaction due to stress that will makes you think to go further.
Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.
Reading this guy confession https://www.gamblingtherapy.org/forum/topic/compulsive-gambler-chased-loss-got-it-back-then-lost-everything-again/ sometimes remind me of myself when I’m still not that fully taking control my gambling habits. I’m sure other players can relate to the part that you still keep playing after recovering your losses for a hope to win a little bit before you leave.
Reading this guy confession https://www.gamblingtherapy.org/forum/topic/compulsive-gambler-chased-loss-got-it-back-then-lost-everything-again/ sometimes remind me of myself when I’m still not that fully taking control my gambling habits. I’m sure other players can relate to the part that you still keep playing after recovering your losses for a hope to win a little bit before you leave.
It is normal and that has happened to many gamblers,including myself.This happens because when we get back all of our losses we get a huge adrenaline and the dopamine that our brain has emitted during such time makes us feel really good.This makes us think that we will keep winning again so it is just a matter of time until we are back at it and while we are back at it,rarely we will witness another winning session,it simply most of the time does not happen.In such a scenario personally I say to myself since I got so much back,the max win should be right about the corner and this has led me more than one time to lose it all,so for me this is just a normal gamblers behavior.
Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.
I can relate, and I'm sure many of us here, too, It is something inherent to us gamblers; it hurts when we lose money, and we remember those losses when we're having a stroke of luck in our games, so we try our luck by taking chances, but unfortunately it backfired that we eventually lose all our gains.
For a new gambler, it's very appealing, but for old gamblers who have already experienced what it is like, they avoid this scenario and don't want to be tempted to try to recover their previous losses. I already experienced this three times, and I don't want a fourth time.
Exactly, I am familiar with the sentence from the title you gave above, and I admit that it really happened because I also have one friend who has experienced such a scenario where at first he struggled hard to chase something that had been lost before but when he had succeeded in grabbing it instead of stopping and securing his money but what happened instead he continued the session even in an increasingly crazy way. And this is why we are always forbidden to chase the losses we have lost before, because the first thing that is really hard to ignore is "greed".
I'm sure that even if you've made it to the recovery phase, there will always be something whispering in your ear that will tempt you to continue gambling with the lure of a bigger win, but it's a fact that it's nothing more than a temptation that will trap you. Believe me, it's a cycle that will never stop if you don't stop it yourself, and if you can't stop when you've made a recovery then it's the same scenario as the OP where he ran out of everything.
I'm sure that even if you've made it to the recovery phase, there will always be something whispering in your ear that will tempt you to continue gambling with the lure of a bigger win, but it's a fact that it's nothing more than a temptation that will trap you. Believe me, it's a cycle that will never stop if you don't stop it yourself, and if you can't stop when you've made a recovery then it's the same scenario as the OP where he ran out of everything.
Experienced it before, it feels assuring when you get back your losses after chasing it, then suddenly you become greedy because you feel lucky and feels like you will get more win but then you will end up lossing all of them lol. Fortunately that's just a small amount.
Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.
I put myself in the shoes of the gambler and can only imagine the morale boost he must have had after being able to chase back all his losses and get them back. He must have felt and become too confident in his abilities, and that overconfidence led to the losses.It is not advisable to chase your limits, but if you do and you happen to win back all you lost, do not try to get too greedy again by trying to gamble more immediately. Take what you have recovered, try another day.
If you let your habit to slide on it's own then it's addiction and that's applies to someone who consider it as gambling, it's always important to be aware of your status or it's going to be cat and mouse game. Here the factor of greed led to be in this situation and mostly that's the case with gambling, we can't do anything other than taking it as lesson and hope will not be in the similar scenario.
Severally I have seen gamblers win huge and later lost all and most of the people that always does this act are mostly those that plays casinos at gambling offices they will continue playing and losing and winning till they have emptied their pockets that's only time they will leave the office.
I do not know what you mean by casinos but maybe your are also referring bookmakers because I have some people that are only going for sport and have this habit. This is not just about casinos but about gambling and betting generally. If you have someone that like live matches and gambling very well, you may noticed that about him. Also if you know someone that like virtual sport like football very well, if the person is using it to gamble often, you will noticed that in him. It is not only about casinos.You are right that it is not only casino games that gamblers tends to win and lose everything in the course of continuous playing, there are also other live games just like the one you mentioned and I highlighted, virtual football betting in my country is very rampant as a lot of young men devote most of their time playing this virtual football betting and they don't have anything to show for it, they literally get money from other sources and lose all to virtual football betting since the virtual football game is programmed such that within an interval of 5 to 10 minutes the result is out and you know if you win or lose unlike the live football matches that takes close to 2 hours before the result will be out.
Placing bets on live football matches is more preferable because before a match will start and end it will take time which means you won't be losing at regular basis but in casino or this virtual football betting, within an interval of 1 hours you must have lost huge amount of money.
I have never gone into debt because of gambling, even when I was younger I could spend all the money I have at the moment, but that's it... until the new money comes in I don't gamble. It's so wrong to play with borrowed money, with credit cards, once you get into these debts it's hard to get out of them. A gambling loss doesn't hurt as much as a debt does, the constant reminder of that mistake.
But I understand this situation, it has happened to me many times that I am at a loss after several deposits and a lucky moment comes that gives me back everything I lost plus some profit on top of that... and instead of stopping and taking a break I continue to gamble and lose it all. It's happened to me too many times in my gambling life, that's why gambling is full of ups and downs. It's hard to be in control when we are losing, sometimes it's even harder to stay in control when we are winning and our heads are in the clouds.
But I understand this situation, it has happened to me many times that I am at a loss after several deposits and a lucky moment comes that gives me back everything I lost plus some profit on top of that... and instead of stopping and taking a break I continue to gamble and lose it all. It's happened to me too many times in my gambling life, that's why gambling is full of ups and downs. It's hard to be in control when we are losing, sometimes it's even harder to stay in control when we are winning and our heads are in the clouds.
As the title of the post says, many gamblers have experienced that severally before they begin to learn that, someone doesn't get all their loss entirely when gambling. If someone were lucky in that aspect, quitting would be a better option for them at that moment because the gambler will be betting out of excitement with huge money to win more without first analyzing their bets, which will make the gambler end up losing everything they once won, which will later turn out to be a shameful experience to them.
However, it is hard to quench to zeal of not to gamble more when you are in winning ways in gambling. What will come to the gambler's mind is to keep winning and never stop because it is their lucky day. The time it would occur to them to stop gambling is when their money is all gone.
However, it is hard to quench to zeal of not to gamble more when you are in winning ways in gambling. What will come to the gambler's mind is to keep winning and never stop because it is their lucky day. The time it would occur to them to stop gambling is when their money is all gone.
Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.
Reading this guy confession https://www.gamblingtherapy.org/forum/topic/compulsive-gambler-chased-loss-got-it-back-then-lost-everything-again/ sometimes remind me of myself when I’m still not that fully taking control my gambling habits. I’m sure other players can relate to the part that you still keep playing after recovering your losses for a hope to win a little bit before you leave.
Read the guy's story and it was indeed pathetic. He has consistently tried his best to avoid gambling but addiction is such a strong feeling that can make someone think irrationally. When the feeling is triggered, it will take an uncommon dedication to stop that feeling. I have been addicted to something else not gambling so I can phantom how strong the feeling is. Reading this guy confession https://www.gamblingtherapy.org/forum/topic/compulsive-gambler-chased-loss-got-it-back-then-lost-everything-again/ sometimes remind me of myself when I’m still not that fully taking control my gambling habits. I’m sure other players can relate to the part that you still keep playing after recovering your losses for a hope to win a little bit before you leave.
Money is involved in gambling, that's why it is important to control it to avoid debt. If you don't control your gambling habit, it will lead to a financial crisis which is not a good condition. The fear of becoming broke or in debt has always guided me to follow my gambling budget. And the knowledge that you cannot pursue losses and successfully win the house has been my motivation not to pursue losses.
Jump to: