Chasing losses - Double down bet or Bet twice? - page 2.

Sandra_hakeem

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Quote from: Beparanf on February 15, 2023, 07:01:06 AM

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

Either of these way's wack!! You'll still lose, even more bigger if you keep trying this ways... How many times have you tried and it cuts?? Keep them counting....Can you? ..
Hear this; there's no recovery or rescue system that advices that you keep betting, is there?? Anyone would simply be some similar, lame assumptions. Gambling isn't a game of Chance, it's actually a game of Luck.
I've seen several instances where 'em gamblers be comparing different sessions of a club's head to head,, but it still turns out the opposite from their initial predictions....

Sandra 🧑‍🦰

nullama

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Quote from: Beparanf on February 15, 2023, 07:01:06 AM

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

If I'm in that situation, I stop gambling.

I learned very quickly many years ago, and with only a bit of money, that you can lose way more trying to recover your initial loss.

Not worth it in my opinion. Set the amount you want to bet, and be done with it. Winning or losing, doesn't matter. Stick to the plan. Emotions will only make things worse.

Some people end up in a very bad situation because they wanted to chase their loses. Even huge companies have collapsed because of this.

Just don't mix emotions and gambling, that's a terrible combination.

Baofeng

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Quote from: Beparanf on February 15, 2023, 07:01:06 AM

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

I can feel you mate, been in this situation money times before, sometimes I do pull the trigger and take it a notch higher, bigger bet size. And sometimes it works, winning and recovering my losses. But not all the time though, so it's really hard when we are in a losing streak. All strategies are being thrown out of the windows.

Quote from: Beparanf on February 15, 2023, 07:01:06 AM

What do you typically do when you are on chasing loss situation?

And that's where our control and emotion gets in, if we have total control of it, maybe we will slow down and maybe call it a day and not chase our losses. And think that tomorrow might be different for us. So I guess that is the best practice, I know it's hard, but it's all in the mind.

tabas

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Quote from: Lanatsa on February 15, 2023, 05:59:45 PM

Quote from: tabas on February 15, 2023, 05:42:54 PM

Quote from: Beparanf on February 15, 2023, 07:01:06 AM

What do you typically do when you are on chasing loss situation?

Crazy things such as betting with all that I've got and having that yolo mindset. It's hard to make that whenever I'm in tough situation in gambling because I want to chase my losses, my emotions are too high and it's uncontrollable.
I want to get as much as return as I want as soon as possible and that makes sense for me to bet one in a blow and play by having a yolo mentally for which sometimes ending up good but mostly, not.

Going all in is never been ideal whether you are dealing with investment, how much more with gambling? Cry

If you dont like to experience or suffer more deeper losses then you shouldn't be having this kind of habit but if you do have the money something needs to be burnt then its your choice.
Sometimes its really our emotions that do drives us to make some crazy moves and decisions in life.

So its a personal choice whether on how you do make out your bets.

It's really not an ideal thing but if you are in the situation, as I've said that we can do crazy things and those are just a few from the lot possibilities that you can do.
Well, you're all right that it's a matter of personal choice and we're all grown ups to understand what will be the potential outcome of it. We just can expect that it might quite good at the end but then the result varies.

bitcampaign

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I use 2 times the bet like the martingale strategy, but sometimes I always play consistently when I lose at a certain point I will stop playing to take time to find loopholes and other strategies, don't be too passionate against the gambling machine always be calm and relaxed even though the situation is in a losing state

Lanatsa

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Quote from: tabas on February 15, 2023, 05:42:54 PM

Quote from: Beparanf on February 15, 2023, 07:01:06 AM

What do you typically do when you are on chasing loss situation?

Crazy things such as betting with all that I've got and having that yolo mindset. It's hard to make that whenever I'm in tough situation in gambling because I want to chase my losses, my emotions are too high and it's uncontrollable.
I want to get as much as return as I want as soon as possible and that makes sense for me to bet one in a blow and play by having a yolo mentally for which sometimes ending up good but mostly, not.

Going all in is never been ideal whether you are dealing with investment, how much more with gambling? Cry

If you dont like to experience or suffer more deeper losses then you shouldn't be having this kind of habit but if you do have the money something needs to be burnt then its your choice.
Sometimes its really our emotions that do drives us to make some crazy moves and decisions in life.

So its a personal choice whether on how you do make out your bets.

tabas

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Quote from: Beparanf on February 15, 2023, 07:01:06 AM

What do you typically do when you are on chasing loss situation?

Crazy things such as betting with all that I've got and having that yolo mindset. It's hard to make that whenever I'm in tough situation in gambling because I want to chase my losses, my emotions are too high and it's uncontrollable.
I want to get as much as return as I want as soon as possible and that makes sense for me to bet one in a blow and play by having a yolo mentally for which sometimes ending up good but mostly, not.

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Quote from: Beparanf on February 15, 2023, 07:01:06 AM

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

Well, it depends on my available bankroll amount. If I have some money to spare with, chasing some losses and even betting twice the amount is possible so you can recover your loss quickly, but if you have only small balance available, then it’s better to stay on minimal amount until you recover your losses. But accept the fact that once you continue to bet, you are allowing yourself to lose more and eventually give the edge to the casino house.

Russlenat

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Quote from: Oshosondy on February 15, 2023, 07:05:08 AM

Quote from: Beparanf on February 15, 2023, 07:01:06 AM

What do you typically do when you are on chasing loss situation?

You will most likely lose more if you try to chase losses.

When I gamble and I lost, I just stop to bet if I know that I use big amount of money, but what I can still afford to lose. If I am using small amount, gambling to just have fun, I just continue to gamble and never think of it as losses, if the amount I set for that time is lost, I stop to gamble. Next time, I would have forgotten that I even lost.

I guess if you are really a gambler, not to chase our losses is actually hard to do especially if we are losing such a huge amount. Good thing if they are just small losses, but if they become big already, I think chasing our losses is not that bad but if we are still committing the same mistakes again and lose more, then it’s better to just stop gambling and go home eventually. That is better than to gamble more and lose more of your money.

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Quote from: Beparanf on February 15, 2023, 07:01:06 AM

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

When I am in a big lose I do make sure that I settle my mind do I will not be too bittered to the extend that will make me play more and start missing bets. I do prefer going out and having fun with friends so that it will clear my mindset. Gambling is not something we need to take very serious and we are not meant to make it our real job which is one of the reasons why many gamblers are so indepth to playing bets.
You don't expect someone that does not have a job to stop playing bets which is like a job to them.

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Quote from: Beparanf on February 15, 2023, 07:01:06 AM

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

If you keep wagering the same amount expecting a lucky streak to recover the losses, you are probably going to increase your debt during the gambling session. On the other hand, if you increase your bet to recover everything at once, it's probably going to work better on short run, although inevitably you will also lose the increased bet as well after some attempts. There is no safe way out this situation... You are damned if you do, and damned if you don't.

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Quote from: Fortify on February 15, 2023, 05:00:55 PM

It doesn't matter what you do really, both situations are likely to be equally disastrous for you if you're "chasing losses". Doubling down will just mean you have one less click to perform if that's your final bit of money available.

That's what it comes down to in the end. A gambler set to chase his losses is not going to stop like that. It doesn't matter what tactic is chosen the outcome will most likely be similar.
When a player who doubles down wins and recovers, he's going to feel confident and he wot leave. He'll think that maybe this win means that the tide has turned and will make another bet, if that's a win he might finally leave, but if it's a loss it's going to be another round of doubling down and maybe this time it won't go so good.

This is why casinos don't care what strategy we use, because math for both options is the same and that math has one word written on it that they're interested in and that word is "edge".

Johnyz

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Doubling your bet after some losses are quiet normal, this is how our emotion works but you have to remember that chasing losses can’t always result to a good one because luck will still matter.

I do make some greed bets as well and its too bad for me, now I always limit myself and stay within my limit and forget about my losses because there’s no safe way for me to get it back, just accept it and move on.

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Quote from: Beparanf on February 15, 2023, 07:01:06 AM

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

It doesn't matter what you do really, both situations are likely to be equally disastrous for you if you're "chasing losses". Doubling down will just mean you have one less click to perform if that's your final bit of money available. This misses the entire point that you are gambling on a game that is designed and even tells you up front that for every $100 you put into it, you are statistically likely to get only a certain percent back - like $97 dollars. Then you'll put those $97 dollars back in and get back $94.50 and so on. The rare victories you get larger wins will not outweigh this, they are just there to prolong your play and get you into a habit forming mentality - so you'll add even more funds after it's all gone.

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Quote from: lionheart78 on February 15, 2023, 04:51:18 PM

Quote from: Beparanf on February 15, 2023, 07:01:06 AM

What do you typically do when you are on chasing loss situation?

Usually, when I feel like chasing losses, I often redeposit (if I still have fund for gambling) and see if I can recover what I had lost. After that, when my bankroll was still depleted, I just stopped playing thinking that it isn't a good day to gamble for me.

Chasing losses is not a good trait, if we get used to it, we will find ourselves depositing all the money, even the one that we can't afford to lose just to get back the amount we lost on the previous session. It is better to think and contemplate if it is worth chasing losses when the action can develop into compulsive gambling.

This is why its really that important that you do only have the money which are intended for you to gamble or simply does have set out limits.Never ever make yourself that greedy or really that impulsive for whatever emotions that you are feeling on because you cant really just that easily able to get those losses back or whats up into your mind. Bet twice or double down, it is really just the same on which you are tending
to chase up something.Its never been recommendable and just like the rest which i do really admit out that there are really moments that you would really be trying out your best to bet once more
specially when you are really that on a losing moment.

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Quote from: Beparanf on February 15, 2023, 07:01:06 AM

What do you typically do when you are on chasing loss situation?

Usually, when I feel like chasing losses, I often redeposit (if I still have fund for gambling) and see if I can recover what I had lost. After that, when my bankroll was still depleted, I just stopped playing thinking that it isn't a good day to gamble for me.

Chasing losses is not a good trait, if we get used to it, we will find ourselves depositing all the money, even the one that we can't afford to lose just to get back the amount we lost on the previous session. It is better to think and contemplate if it is worth chasing losses when the action can develop into compulsive gambling.

Scripture

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Quote from: Beparanf on February 15, 2023, 07:01:06 AM

What do you typically do when you are on chasing loss situation?

Chasing losses is not good but most of the time, I play out of control and usually double my bet because of my eagerness to chase my losses and the result was not good most of the time.

Every time I double my bet, I just increased my chance of losing more and eventually, stop playing because all my capital are already consumed. This has been the problem if you become more greed and increase your bet, you just speeding up your losses and not increasing your chances of winning.

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Quote from: Wexnident on February 15, 2023, 07:11:54 AM

It depends. First few losses I usually just ignore it and continue on. If it was a pretty long streak then damn hell I'd be done and just move on to a different game instead, or maybe stop altogether if I'm that frustrated. If I am to ever chase a loss, which I sometimes do, I usually just stay on the same bet instead of changing anything, just continuously doing it instead and stopping whenever I feel like I've returned my losses (if it ever happens anw). I don't chase winnings at that point, I just want to break even.

Yes, small losses should only be ignored since the moment you start gambling, you are allowing yourself to lose. But if you think you are already seeing consistent losses regardless if the bet is just small, then chasing losses will always be a bad move since it will only make you lose more eventually. For me, I would rather go home and just bet again when I have spare money, although chasing losses sometimes could be good but most of the time, it will only make you lose more of your money.

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I never chased losses that often. I think I only did it a few times but I never went over my budget. Only tried doing Martingale until the balance ran out and that's it. There aren't any 'good' strategies out there to chase losses. Heck, chasing losses in itself is already pretty bad, so I don't think you'd want to do it anyway. Just avoid getting hot headed and impatient when you're gambling and you'll never feel the need to chase losses ever. Instead of trying to see which strategy works best in chasing losses, why not drop the thought and start thinking of trying not to chase losses?

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Quote from: Beparanf on February 15, 2023, 07:01:06 AM

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

Whenever someone tries to chase his losses it ends up pretty badly for him most of the time which translates to losing all of his balance.I consider each session independent of each other and I have set a bankroll that I play weekly and stick to it,whenever I win I withdraw and call it a day and when I lose I don't go depositing soon after trying to recover my lost amount as this to me personally has impacted and made possible to lose the money that I deposited trying to recover my losses.This has been the case for many others also and that is why it is never a good idea to deposit money to chase your losses.

Topic: Chasing losses - Double down bet or Bet twice? - page 2. (Read 420 times)