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Topic: Chasing losses - Double down bet or Bet twice? - page 4. (Read 479 times)

legendary
Activity: 3178
Merit: 1054

better stop than feel regretful after chasing the loss and end up losing it all. and you did not enjoy the money that you suppose to spend on something.

all the time i have not won a grand pot every time i chase my loss.
i may be lucky doing martingale at first and i always thought of stopping and withdrawing but a minute later i come back to try again. when a successive loss comes, it feels like i'm out of luck but i try to max out and bam zero. it's a stressful loss.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
What do you typically do when you are on chasing loss situation?
It's hard to stop when I'm determined to chase my losses but, when reality sinks in that it is best to stop within the day then that's when I become calm and follow what my mind is telling me.
My emotion tells me that I have to chase it as if there's no tomorrow and there won't be any more other chances to take them. But when my mind starts to work and reminds me of what must be done, that's when I realize that I have to stop.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I've never chased a loss again because it was not worth it and has cost me losses. Every time I try to recover from losses, I will experience loss after loss, ending with losing all the money in one day.

I rarely increase bets, regardless of the situation, because it can make me forget to stop and besides that, I'm still trying to control myself.

When I'm in a bad mood, I don't gamble but take breaks to get back in the mood. If I insist on gambling, I may lose control and use more money which is not good for me.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
What do you typically do when you are on chasing loss situation?
It depends on my bank roll. I increase my bet size whenever I have a huge bank roll since I always start on a 5$ min. bet. I believe that the chasing loss you are pertaining is when you lose part of your bank roll and want to recover it.

I do the second choice(multiple bet) if I have low bank roll and wait until I grow my bank roll to shift on an increase bet strategy to recover loss. At the end of the day, It’s still based on your luck whether you will recover it or not since no matter what method you do you will still lose if red streak hits you hard on that day.
hero member
Activity: 1470
Merit: 608
Vave.com - Crypto Casino
You are prone to make mistakes when you are chasing your losses all strategies will fail even if you double down or bet twice, what I learn from chasing losses is you need to cool down, the house is dominating you, by colling down, until you get into a winning streak, bet half or one-fourth of what you bet to cool down until you have your winning streak.
Chasing losses is every gambler's dilemma like what OP is feeling when chasing his losses it's understandable because we are just human, when we are excited or very eager to get back our losses we lose our good judgment, which leads to losing more.
The second bet is motivated only by the motivation to recover his losses. But he does not feel that if he loses the second bet then his loss will be double than before and it will be more difficult for him to recover. In this way, he will face a huge loss when he loses multiple bet.  So of course he should stop gambling for that day after losing the first bet and should gamble with a new strategy the next day. This may give him a chance to slowly recover the losses
hero member
Activity: 3024
Merit: 614
Leading Crypto Sports Betting & Casino Platform
You are prone to make mistakes when you are chasing your losses all strategies will fail even if you double down or bet twice, what I learn from chasing losses is you need to cool down, the house is dominating you, by colling down, until you get into a winning streak, bet half or one-fourth of what you bet to cool down until you have your winning streak.
Chasing losses is every gambler's dilemma like what OP is feeling when chasing his losses it's understandable because we are just human, when we are excited or very eager to get back our losses we lose our good judgment, which leads to losing more.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
I'd prefer taking a pause. There's no certainty with the result and pushing it through may just put you into bigger losses. Well it would be a good thing if you would be able to get back with the losses but what if it just double up? This is why prevention is important. If you are only betting an amount which won't put you on guilt, then things won't be as hard. Martingale to some players is effective but try asking them if good things happen more often than them ending up with bigger amount to take back. Also, know what type of a bettor you are and stick with it. Losing is indeed part of the game but atleast do not out more weight into it.
hero member
Activity: 1470
Merit: 608
Vave.com - Crypto Casino
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 betting repeatedly to cover your losses, you will face more losses this way. 2nd bet will never guarantee you to win. So if you lose a bet, you should stop gambling at that time and try again the next day with a cool mind. I feel more comfortable doing this because multiple bets at once creates a kind of gambling addiction. And if repeated losses create the motivation to cover the losses thus encountering large losses
legendary
Activity: 1666
Merit: 1037
You either reach your cap, stop and try again another time. Or, double down, risking the chance of losing more or spiraling into going all in. Usually  this does not end up well but of course it's a game of chance. If you are considering whether or not to "chase losses", you should re-assess whether or not you should be gambling in the first place.
sr. member
Activity: 2282
Merit: 470
Telegram: @jperryC
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.

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.
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
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?

the best approach would avoid any kind of "emotional bet". It means you must continue to bet following your initial strategy and not changing "according your mood".
I know it's not easy (and games like dice are designed just for this kind of stuff) but if you want be really profitable you must have such approach...
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
The last time I chase my losses I bet twice and manually pick my rolls but sometimes things will not go your way when you're chasing your losses, I sometimes think that when you are chasing your losses it is part of having a stroke of bad luck, you really have to stop when circumstances tell you to stop Double down bet or Bet twice, its useless when you its not your day to win.
If you chase losses and able to meet up and make profit, indeed you are very lucky because that is not always most what will happen, it is the time people use to lose. The last time I could remember that I chase losses, which is as usual, I lost more and I did not stop gambling until I lost all the money with me. Chasing losses is a bad idea.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
Half my last bet or 75 percent of it. I don't go double as I fear I will be stressed out by the double loss.  Cheesy
If ever it will lose again, I am not in x2 yet which seems to make me feel better, kind of an unusual way of me when calculating my losses and profits.
Most of the time I chase my losses while NBA games are still ongoing. If all my early bets are near completion and most of them are losing, that's when I will look at the upcoming games on the same day or if they live.
But, if there are no more games, I stop, rest, and try again tomorrow.
I am guessing you are playing casino games, which will be difficult to control as the games are always available but I don't suggest going for double because you will keep on doubling it until you get to zero, which will be fast.
hero member
Activity: 2926
Merit: 567

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


The last time I chase my losses I bet twice and manually pick my rolls but sometimes things will not go your way when you're chasing your losses, I sometimes think that when you are chasing your losses it is part of having a stroke of bad luck, you really have to stop when circumstances tell you to stop Double down bet or Bet twice, its useless when you're chasing losses its not your day to win.
sr. member
Activity: 1554
Merit: 413
...What do you typically do when you are on chasing loss situation?
It depends.

I don't usually chase losses when playing casino games since the likelihood of losing more is also high. Of course there are options to increase the chance winning a roll like in Dice but you'll have to bet more to recover. That also has risk on its own.

I am more comfortable increasing bet size on sportsbetting. It's better when you can rely more on your skills or research than just pure luck.
sr. member
Activity: 1022
Merit: 363
We all know that chasing losses is really a bad action to take by anyone so if you are going into this situation then maybe at least you still think correctly because if you double down to bet a huge part of your resources in single bet trying to get back your losses then this is a bad moves made. Bet twice is most ideal since you can still enjoy your bets unlike you came to the point chasing where this is stressful to us.
hero member
Activity: 2366
Merit: 594
The more you chase your losses, the more you lose. I remember when I was new to gambling, I also read this strategy: if you lose, you need to double your bet until you get back your loss. Well, in my opinion, it will work because there is no way to lose 10 times in a row. So I've tried, and I experienced my first ever big loss. That idea was really dumb because all of my deposit money was lost on that game because if you go on a losing streak, then it's your end. Don't do it unless you have unlimited balance so that you can still bet even if your losing streak is 100x.
hero member
Activity: 2828
Merit: 518
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?

That's a very bad attitude in gambling. To be successful, you need to maintain consistency so you will not regret it in the end. If you feel you made a mistake, you have to reflect on it and correct that mistake. It's not good to chase your bets, as that's a sign of being an undisciplined gambler, and you know where it will take you based on your experience.

Learning is the KEY!
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
chasing losses is a big mistake that the person should not make, for example imagine that you have a bankroll of 20$, then you have to define that you will bet 2$ in each game, this would give you the chance to have 10 attempts, but you have to choose games with odds from @2.00 upwards, because when you bet 2$ on a game where the odd is at @2.00 then you are left with 4$, that means that your profit of 2$ already gives you the possibility to bet on 11 more games, that is, they have 11 chances, and if you bet and lose but in the next game you bet $2 on a game with odds of @2.00 and you win then you can recover your money lost in the previous bet

never chase losses, do not place bets with odds below @1.80, avoid making multibet bets, there are cases where it is worth making multibet bets, but the risk in multibet bets are very high, the person can place 3 games in a parlay, but the game in which the odds were very low and the person was more confident that they would win, lose, this is very irritating, so avoid multibet betting, but if you are a person with a good knowledge of the sport, then you can even take the risk and place a bet
hero member
Activity: 2072
Merit: 542
DGbet.fun - Crypto Sportsbook
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?

Can relate much on your situation mate. Chasing losses is a big problem for me as i intend to double my bet after a lose to recover quickly but turns out that most of the time losing more. I could say that "patience" really plays a big role in gambling so if we want to stay longer in this game we should be disciplined and patient enough and not hurry on recovering our losses.

If I'm on a losing streak I usually take a break then bet again and if lose again then that's it for me on that day and come back tomorrow hoping that I would be lucky this time and recover my losses yesterday.
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