Chasing losses - Double down bet or Bet twice? - page 3.

stomachgrowls

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Quote from: Beparanf on February 15, 2023, 06:01:06 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 im in still my own awareness then i dont really chase up losses and if a certain bet would be a total lost then i would definitely calling it a day and wont tend to add more but there are really indeed days which

i do really consider out that im really that in rage or something that can be called a moody one.I do usually doubling up my bet or simply like martingale whenever i have lost a certain bet and i would be basing up on the amount that i have totally lost up.
Its never been recommendable i would say basing up on experience.There are moments which i do able to win but i could say that im still on the negative side of things.

Cling18

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Quote from: pixie85 on February 15, 2023, 02:35:54 PM

Quote from: Maus0728 on February 15, 2023, 06:45:03 AM

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

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.

Yeah, that looks like a recipe for a disaster. I mean that's exactly what I have done when I collected my 2-week signature campain payout on YoLoDice and gambled it on their website hoping to cover my previous week's loss. After maxing my bet amount on dice, it only takes 1 tap of a button to lose it all in instant Cheesy

.

That's what you get for chasing losing bets :v

I can relate. I've been in yolodice campaign since January 2017 and a few times felt a need to "spin the wheel" before cashing out my cashing out my campaign money. That's how these campaigns that send money to your casino account work. They make you play because the money it's already there waiting, bets are just a few clicks away. Losing money didn't hurt at the time, but it started to do so when bitcoin pumped.

I also did increase my bet after a loss. Not a typical martingale with 2x but often 3x or 4x with enough money to only bet 5 times in a row before running out. Easy come, easy go. Wink

I also had the same experience which I'm regretting until now. I had big winnings but when I was about to cash them out, I'd been greedy and hoped to win higher so I bet again and lost and when I started to chase my losses by betting 5X in a row, I ended up losing all my funds. I can conclude that this will not help us recover from our losses. Most of the time, our greed and hope of having higher winnings can make us have bigger losses.

Fivestar4everMVP

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Quote from: Beparanf on February 15, 2023, 06:01:06 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?

Hmm, chasing after my loses is something I've stopped doing a long time ago, and I've always advised gamblers against it after a brutal experience I had, I can not really go into details right now, but the advice is to avoid chasing after your loses, I don't know how lucky you've been doing this so far, but I tell you that, there is always a high chance that you might end up loosing more money if you are someone that is always chasing after your loses all the time, and this could also lead to gambling addiction, which is something that is also very bad on its own.

pixie85

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Quote from: Maus0728 on February 15, 2023, 06:45:03 AM

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

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.

Yeah, that looks like a recipe for a disaster. I mean that's exactly what I have done when I collected my 2-week signature campain payout on YoLoDice and gambled it on their website hoping to cover my previous week's loss. After maxing my bet amount on dice, it only takes 1 tap of a button to lose it all in instant Cheesy

.

That's what you get for chasing losing bets :v

I can relate. I've been in yolodice campaign since January 2017 and a few times felt a need to "spin the wheel" before cashing out my cashing out my campaign money. That's how these campaigns that send money to your casino account work. They make you play because the money it's already there waiting, bets are just a few clicks away. Losing money didn't hurt at the time, but it started to do so when bitcoin pumped.

I also did increase my bet after a loss. Not a typical martingale with 2x but often 3x or 4x with enough money to only bet 5 times in a row before running out. Easy come, easy go. Wink

virasisog

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Quote from: Beparanf on February 15, 2023, 06:01:06 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 in a chasing loss situation?

I've done this a lot of times and there were lucky days as I apply this strategy but there were also bad days where I have bigger losses because of applying it. This is a risky thing to do because chasing our losses is like pulling more losses closer to us.
The result will still depend on our luck but as much as possible, we should still set limitations and know when to stop because if continuously chase our losses, we coul d always have higher losses and it could lead to worse scenarios. Resting if we have big losses for a while would be helpful.

Hispo

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I normally avoid a situation where I feel like chasing losses, I have only done it once or twice.
In those occasions I have gone for the double-down strategy and try to get back into positive numbers as soon as possible, it has only given partial good results to me before I decided to move on and log out, before losing even more.

It was one of those days your learn that most of the times, it is not worth it to go out your plans to test luck further than you should.

Cryptomultiplier

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Quote from: Beparanf on February 15, 2023, 06:01:06 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?

Nothing good comes from chasing losses both in gambling and in life. The strategy it takes to win one time may falter at another time, this is why it is good to always keep count or scores, mostly when your losses occur with a frequency.
From my little experience, trying to make up for a bad loss by doubling the next bet with hopes to recover is a sure way to loose more. It is always better to walk away after a recurring loss. Changing strategy may not work because greed has set in and all the mind would see is how to get more that instant.
If I were to make a choice from your options however, I would rather bet twice with same games, but with different odds or stakes.

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Quote from: Beparanf on February 15, 2023, 06:01:06 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?

I got punished which ended up in streak of losses most of the time while trying to chase losses using the same amount of bet to breakeven or gain profits, unfortunately ended up losing everything hence stopped using that method, even martingale method couldn't make any difference, I resorted to money management that is using a fixed specific amount to bet once I lose the fixed amount I stopped gambling for the day, of course there are more opportunities in another day thus why I do I need to bet or gamble blindly after losing all the amount of money fixed for the day.

Silberman

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Quote from: Beparanf on February 15, 2023, 06:01:06 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 realize that I am chasing my losses I stop immediately as this is not a healthy mindset when you are gambling, in my mind any money I gamble is assumed to be lost already, so if after losing some money I begin to chase it and try to recover it I know this is very risky as it opens the possibility of losing way more money than what I had planned for the session, and the only appropriate response when this is the case is to stop gambling.

panjul07

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Quote from: Beparanf on February 15, 2023, 06:01:06 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?

I'm not a type of gambler who like to increase my bet in any situation because most of the time I do flat betting.
Although I dont like to chase loss situation as anytime I start gambling, I take it as a new session by ignoring the previous result.
However if I have to chase lose situation, I will not increase my bet amount but I will adjust the payout in the game.

carlisle1

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Quote from: ryzaadit on February 15, 2023, 12:19:53 PM

First, you should know the situation.

If you are on losing situation, never chasing the losses because you're on lose streak double the bet is kinda risky. I more like it double the bet on win situation, why? because who know you're still on the streak.

I have experience all-in betting by double everytime i win for more than 6x times and it's make me a good chunk money.

That's new, I mean most are doing martingale in terms of losing then double the bet, but in your situation, that's really something
which only a gambler who has a big nerve can do.

If you know the situation and you are willing to gamble with your luck, that kind of sweet outcome will be there for you, though not many
are lucky and I can say that most likely with 3-4 consecutive wins, that's more than enough to enjoy.

rahmad2nd

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Quote from: Beparanf on February 15, 2023, 06:01:06 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?

I dunno, I don't have a proper answer for this one.

The problem is, in most cases, whenever we are in a loss-chasing situation, most of the time all we end up with is a loss. in fact, this story can happen over and over again when we are in the chasing loss phase. To be honest, I don't recommend always chasing losses. What's more, what we are playing is a type of gambling that is purely based on luck.

But if you ask me, usually, one or two defeats. it was enough for me to stop the gambling session. why, because in theory, our psychology begins to play with emotions that we most likely have a hard time controlling. in fact, even if you can recover your losses, it does not guarantee that you will stop your gambling session. the key is in you. are you willing to accept defeat again when chasing losses. or you can end the gambling session, to avoid bigger losses. everything is a choice.

ryzaadit

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First, you should know the situation.

If you are on losing situation, never chasing the losses because you're on lose streak double the bet is kinda risky. I more like it double the bet on win situation, why? because who know you're still on the streak.

I have experience all-in betting by double everytime i win for more than 6x times and it's make me a good chunk money.

panganib999

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Why not double down on your losses and save yourself the time and the disappointment? Kiddings aside however, I think you have a greater chance at winning your bets if you spread your money on more bets, especially if you're looking to recover losses from a prior run. That being said, it still doesn't guarantee that you'd get something out of the bets you made, regardless of how spread out each of your bets are. At the end of the day, especially when it comes to games that are based on the luck of the user, we're at the mercy of the casino and we can't do anything about it, so best to just have fun while playing and don't go beyond your means so as to not incur a loss that you cannot recover from.

Emitdama

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Quote from: joeperry on February 15, 2023, 08:12:58 AM

That bad mood actually is being greedy to chase your losses which lead to more losses and that's where the casino earn profit. I don't think if you are in a loss situation it is much better to call it a day than trying to chase your losses, in terms of doubling your previous bet that is a martingale strategy which is a good strategy assuming you have a good amount of bankroll.

Usually what I do is same betting amount every time until I hit a win streak and if I lose 5-8 times continuously then it's not actually my day. There's is no good advice actually double down or bet twice can still wreck you. If you're lucky you'll feel it and if not you're getting greedier and greedier.

The OP said that he still chases his losses even he is not in a bad mood although he only bets moderately. I think all of us gamblers here can relate with it and we already know which one is better right? Yes and that is to stay calm. I know this one is hard but this can make us to stay longer in the game and simply means we have a much greater chance to recover our previous losses than the other way around. Whatever we do, casino will still earn a profit due to the house edge. I think it's not greed is the one that we feel when we are losing but it's anger and we want a revenge. It's when we are winning is the one that we can feel greed.

Quote from: joeperry on February 15, 2023, 08:12:58 AM

Setting a loss stop is a good idea too. For example if I lose $20, then that's it I'm done and if I reach $100 today then I'm done. It actually let your bankroll grow or stop your losses in a day.

Who knows that this can also work well in betting? Many of us only hear it in trading but I believe it's not always being followed in gambling. Most of us will only gamble until we bust our deposits if we won't win our target amounts.

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

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

I try to be responsible and avoid putting myself in a chasing loss situation. To do this, I set limits on the amount of money I'm willing to risk, so I never find myself in a position where I'm losing more than I can afford. Let's be real, we've all been there - trying to make up for losses by doubling down or using some fancy strategy like the martingale. But if you've been around the gambling block for a while, you probably know that these strategies can be a straight-up disaster.

There's just no way to guarantee a win when you're gambling, and trying to chase your losses is a surefire way to end up even deeper in the hole. So, if you're going to play the game, it's best to do it responsibly and within your means. And who knows, maybe you'll even strike it lucky and walk away with some extra cash.

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

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

That is what gamblers need to avoid when they're going through several losses because of the urgency to recover you're most likely going to lose your bankroll that way. Back then if I plan on chasing my losses i'd also do the same thing but that gave me a good lesson to stop doubling down after a loss since it's also one way to develop an addiction. After that, I usually stick to the same bet amount because there's no need to recover all your previous losses when you're only playing casually and at best you have to learn to accept it.

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

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

I am a big fan of martingale strategies, that's why I usually double after a loss. When running a martingale strategy all we need is one win to recover all the previous losses. It's a pretty easy strategy that saved me a lot of times in the past. The big problem with this kind of strategy is when we started our initial bets too big and are not able to keep doubling down. If our bankroll is too small to withstand a loss streak we can face a loss of all our money. In such a case where we don't have enough capital it might be better to consider betting twice instead of doubling down.

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Quote from: Beparanf on February 15, 2023, 06:01:06 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?

Regardless of the amount used or the technique used in making that decision, if a gambler must win he will definitely win regardless of considering any of this into action, but it will be more wise of a gambler to always reduce the loss by lowering the amount of money used in gambling whenever the luck isn't coming for making a winning, this is not all about the higher the stake the higher the probability of winning, we win whenever our guess goes along with the reality that occurs with the bet we placed in gambling.

len01

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chasing defeat will make you lose even more if you don't have a lot of budget to chase defeat.
but in the past I was the same as you when I often chased losses I preferred a double bet that would chase my losses faster in the past. but this method at least must have a very large budget and must be really ready to lose everything. because in gambling there are often consecutive defeats and it is impossible to predict when the defeats will stop and turn into wins. so even if your budget is big but you are not lucky to experience a losing streak, it will make all your funds disappear.

and for those who are trending use the martingale strategy to return your funds or catch up your losses, but still the same, you must have a big budget. but if you are lucky to recover your losses, martingale is an effective way.

but I advise you to control yourself not to chase your losses. because i was broke a few years ago because i was chasing loses and i lost it all.
You are better off enjoying your gambling responsibly and planning a budget for gambling. if you run out of budget for gambling that day, quit and come back the next day. but this is just a suggestion.

Topic: Chasing losses - Double down bet or Bet twice? - page 3. (Read 489 times)