Chasing losses - Double down bet or Bet twice?

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: Synchronice on February 16, 2023, 08:16:08 AM

Are you damn serious? It's casino, how can you aim to hit a winning streak to recover? What if you don't recover? Are you going to lose your whole balance?
If I were you, I would dedicate certain amount of money for gambling and wouldn't care about win/lose ration. It would be better for my mood, better for my budget and better for everyone.
Just my piece of advice: If you have been gambling for money for a while and find it difficult to stop yourself alone and do double bet and similar budget destroying things, just write down the plan that if the balance reaches X amount, you'll just turn off the game and don't gamble that day! Remind this to yourself, stick with your plans. If you feel nervous, just go to the GYM and spend your energy there.

Your reasoning is not cut out on gambling logically. The only way to win in the casino is to have a win streak. Let’s say you are increasing your bet to recover your loss, it’s still useless if you are not winning consistently no matter what is your strategy.

Quote from: Synchronice on February 16, 2023, 08:16:08 AM

If I were you, I would dedicate certain amount of money for gambling and wouldn't care about win/lose ration. It would be better for my mood, better for my budget and better for everyone.

Why you will dedicate money on gambling if winning is not your top priority. This doesn’t make sense and a common post by user that doesn’t gamble at all. You can play gambling games on playstore and appstore using play money if your goal is not to have profit to save you time and money.

Quote from: Synchronice on February 16, 2023, 08:16:08 AM

Just my piece of advice: If you have been gambling for money for a while and find it difficult to stop yourself alone and do double bet and similar budget destroying things, just write down the plan that if the balance reaches X amount, you'll just turn off the game and don't gamble that day! Remind this to yourself, stick with your plans. If you feel nervous, just go to the GYM and spend your energy there.

Your advice is a bit off-topic. I’m not asking an advice personally. This discussion is meant to determine what people typically on recovering loss. And if you are really a gambler I think I doubt that you can do your opinion personally. Grin

Iroh

sr. member

Activity: 742

Merit: 275

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 would say it’s not wise to play with emotions. Whether you’re losing or in a winning streak, you shouldn’t let your emotions cloud your judgement and forget when to stop. That’s the key; knowing when to stop.
When having losses while playing, it’s best to stay calm if you want to continue playing. Do not let the pain of losing overshadow your ability to reason. If you can’t, it’s best to pack up, nurse your bruised ego and go home.
Different things works for different people but I would not advise anyone to chase and try to win their losses back. It most times ends up in more losses.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

It is not good to gamble when you're in bad mood. We have big plans, but we fail on execution. Yesterday I received my signature earning and I was able to double the amount received, but when I went in making just a single dollar I failed and lost everything just because I tried to have my wallet balance to be same after the wager. Here what I did is just went on doubling the bet amount. This means if you're lucky, doubling the bets could bring big money. When the choice is to safe gamble it is good to bet twice. Chasing losses is the bad decision one should never think with gambling.

seoincorporation

legendary

Activity: 3346

Merit: 3125

I think doubling up the bet is a better strategy than betting twice, at least that way has worked better for me. Always when I try the bet twice method I end in a bust because when we are on a bad streak that means we will lose most of our bets. So, the long run is was take our money. But, with the martingale as OP mentioned we can recover with a single win and move on chasing the profit side.

rahmad2nd

legendary

Activity: 2548

Merit: 1009

Leading Crypto Sports Betting & Casino Platform

Quote from: Synchronice on February 16, 2023, 08:16:08 AM

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?

Are you damn serious? It's casino, how can you aim to hit a winning streak to recover? What if you don't recover? Are you going to lose your whole balance?
If I were you, I would dedicate certain amount of money for gambling and wouldn't care about win/lose ration.

At least, I believe the OP has been aware of the risks. after all, the OP has said he always has a dilemma when it comes to chasing losses. The OP also explained that when he's in a good mood, he always bets using the same amount, until he reaches the point of having his luck. well, which becomes a problem when the OP is in a bad mood. OP, got carried away by his emotions and led him to bet increasing the size of an uncharacteristic amount. if it wins, it is good luck for him. if he loses, he will suffer a greater loss.

But despite all that, we agree with what you say. it would be nice when we do gambling sessions, not really expecting rewards to get high wins. or it could be, play loose with a pre-budgeted amount regardless of winning or losing. most importantly, we continue to enjoy every gambling session without having to always chase losses.

348Judah

hero member

Activity: 714

Merit: 521

Quote from: pawanjain on February 16, 2023, 09:24:12 AM

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?

That is what called as revenge betting. You are basically taking revenge by betting more than you can afford to lose.
You are chasing the loss without controlling your emotions which eventually lands you in trouble.
What I do is when I lose 3-4 consecutive attempts to recover the loss then I prefer to stop gambling for the day and come back next day.
This is how I control myself from over gambling and stay in the limits.

Don't be surprised that this may actually work out for some gamblers just that only on a rare occurrence, our dexterity doesn't count most times when we sound very eager to win, the harder we try the lesser result we see, which means it's not actually onbthe rate of amounts being used or the mind well determined for winning, it's all by luck and how accurate we are in predicting over games we play when gambling.

noormcs5

hero member

Activity: 2814

Merit: 618

Leading Crypto Sports Betting & Casino Platform

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?

In your bad mood, what if you increase your bet size to the total loss and win that bet ? This means that now you loss will be double.
Same if you bet the same amount, you can lose another bet and it will pile up your losses. In my point of view, both these choices are not good because you are in fact chasing your loses.

As per main personal experience if you start to chase the losses on the same day you will never succeed. The best bet is that you stop playing for the day and come back again to gambling after a day or two with a fresh mind and fresh emotions. Maybe luck changes and you start again on a winning streak.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

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?

Bet using the same amount multiple times.
Increasing bet size is almost the same as martingale strategy, and it might be working for others, but not for most of the gamblers especially for those who are chasing losses.

I've seen gamblers increasing their bet size, so that they can recover faster, but I would take the safer approach, and be disciplined. I did try that "increasing bet" strategy in the past, but I ended up losing all of my money. On the other hand, currently I'm trying to be disciplined, and not chasing my losses and so far, I'm having more success on that than increasing my bet size. I mostly bet on sports and statistics are very helpful in choosing your bets as it increases your chances of winning (at least for me) so in that way, I'm slowly recovering my past losses.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

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?

That is what called as revenge betting. You are basically taking revenge by betting more than you can afford to lose.
You are chasing the loss without controlling your emotions which eventually lands you in trouble.
What I do is when I lose 3-4 consecutive attempts to recover the loss then I prefer to stop gambling for the day and come back next day.
This is how I control myself from over gambling and stay in the limits.

Peanutswar

legendary

Activity: 1708

Merit: 1280

Top Crypto Casino

In my opinion, this kind of gambling habit is quite expensive because you require every time you play to cover all of your losses which is not too ideal not all time can you recover from those losses unless you have a consistent bet until you reach the previous losses. Instead have a great strategy even not the same bet just until you reach the amount you are goal.

Quote from: btc_angela on February 16, 2023, 07:48:00 AM

I guess the gambler in all of us, of course we wanted to chase our losses and bet double down on the next, martingale system. But we all know that the risk is huge so it's all in or go home mentality.

And I do hope that it will be like that, otherwise, if you lose again after a double down and you don't have any capital, you might think of depositing for more and that's where the problem arises as you might be addicted in chasing your losses.

I did the same thing chasing with the martingale and of course I just have a limited asset for game play end of the day it doubles my losses but it doesn't mean its applied to others too.

Synchronice

hero member

Activity: 882

Merit: 792

Watch Bitcoin Documentary - https://t.ly/v0Nim

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?

Are you damn serious? It's casino, how can you aim to hit a winning streak to recover? What if you don't recover? Are you going to lose your whole balance?
If I were you, I would dedicate certain amount of money for gambling and wouldn't care about win/lose ration. It would be better for my mood, better for my budget and better for everyone.
Just my piece of advice: If you have been gambling for money for a while and find it difficult to stop yourself alone and do double bet and similar budget destroying things, just write down the plan that if the balance reaches X amount, you'll just turn off the game and don't gamble that day! Remind this to yourself, stick with your plans. If you feel nervous, just go to the GYM and spend your energy there.

btc_angela

hero member

Activity: 2660

Merit: 551

I guess the gambler in all of us, of course we wanted to chase our losses and bet double down on the next, martingale system. But we all know that the risk is huge so it's all in or go home mentality.

And I do hope that it will be like that, otherwise, if you lose again after a double down and you don't have any capital, you might think of depositing for more and that's where the problem arises as you might be addicted in chasing your losses.

mvdheuvel1983

sr. member

Activity: 1022

Merit: 368

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?

One of the root causes of gambling addiction can be traced to down to chasing losses. It is like the hangman's noose.
In my conversations with gambler's, some prefer to bet twice, and some others prefer to double down bet with the intention to recover the initial loss which they know is difficult to achieve but can found a way to convince themselves that it is possible.
Once, I double down bet and ended up incurring more losses. I learnt from personal experience that double down bet is way worse than betting twice as your chances of incurring more losses becomes high. Always know when to walk away, you would leave to fight another day.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Davidvictorson on February 16, 2023, 03:32:26 AM

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

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

However, sometimes, not all the time, even non-compulsive gamblers let their emotions get the best of them. I am guilty of this. Whether we choose to admit it or not, it is not all the time that we gamble for fun; sometimes, but not all the time, we actually gamble to win despite knowing that the odds are against us. It is at this point that we chase our losses. During this time, I wager the same amount multiple times until I finally hit a winning streak, and even if it's just a 5% increase over my initial wager, I leave happy.

Even if we called ourselves as well disciplined gamblers still there are time that we are out of focus and sometimes commit mistakes like this. Its normal reaction since sometimes our pride over powered us then we want our losses to return back on our wallets. But what good thing about that is we learn a lesson since for sure realization about things we do and mistakes we commit came up then next time we do more careful so that we can enjoy what we are playing.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: Issa56 on February 15, 2023, 05:55:47 PM

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

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

I think the best thing is for you not to chase the loss, if you try that then you are likely to lose more money, you won't even be able to do your analysis well again, all what you will be after is just your win which at the end you might endup losing all your money. Whenever you are losing and you notice it's getting too much, just stop gambling for that moment and come back another time, if you want to use any strategy to win back your loss, then don't be suprise that you will keep on losing.

Stop and try to chill for a while,

you might find some breathing instead of chasing for your losses and continue to add more money to lose
when you already suffering from a bad losing streak. Something that is really hard to stop when you are getting aggressive to win
back those amounts that you are not willing to let go, you need to accept that inside gambling there's always a huge risk.

Davidvictorson

hero member

Activity: 1120

Merit: 887

Livecasino.io

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

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

We all know the inherent dangers of chasing losses. It always ends with premium tears. However, sometimes, not all the time, even non-compulsive gamblers let their emotions get the best of them. I am guilty of this. Whether we choose to admit it or not, it is not all the time that we gamble for fun; sometimes, but not all the time, we actually gamble to win despite knowing that the odds are against us. It is at this point that we chase our losses. During this time, I wager the same amount multiple times until I finally hit a winning streak, and even if it's just a 5% increase over my initial wager, I leave happy.

Plaguedeath

hero member

Activity: 854

Merit: 663

Chasing losses in gambling is a bad idea because you will end up lose more and then blame yourself for did that. You will not be happy and enjoy during your gambling session, you might ask for loan in order to chase all of your losses that you use all of your money.

Just gamble what you can afford to lose, no need to force yourself to make money through gambling because you will not always lucky.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

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?

It seems that the conditions are the same, a calm mind can make players think better about setting a strategy to increase the bet amount or stay but sometimes players get frustrated so they often make the wrong decisions, sometimes they don't just raise bets without good calculations but also often go all in because they think it's time , and I am a person who often does this all in when I'm chasing the loss, and it becomes a bad decision that makes all the balances run out.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: tabas on February 15, 2023, 05:41:51 PM

Quote from: Lanatsa on February 15, 2023, 04:59:45 PM

Quote from: tabas on February 15, 2023, 04:42:54 PM

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

When we are engaging on something which isnt just limited to gambling alone but also in other aspects in life which does need that making up a decision then it would really be that crucial whether you would be doubling the risk to acquire something or would really just let it go and would be accepting for whatever results or outcome would be able to hit or acquire out.?
This is really just the same when you do gamble. Everything would varies on our decision if we do have something that we could still able to pay up and spend then go for it.
People's leisure contentment isnt really the same and this is why we do see different scenarios.

Issa56

hero member

Activity: 1484

Merit: 928

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

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

I think the best thing is for you not to chase the loss, if you try that then you are likely to lose more money, you won't even be able to do your analysis well again, all what you will be after is just your win which at the end you might endup losing all your money. Whenever you are losing and you notice it's getting too much, just stop gambling for that moment and come back another time, if you want to use any strategy to win back your loss, then don't be suprise that you will keep on losing.

Sandra_hakeem

hero member

Activity: 798

Merit: 1045

Goodnight, ohh Leo!!! 🦅

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?

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

hero member

Activity: 1008

Merit: 960

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'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

legendary

Activity: 2576

Merit: 1655

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.

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, 06:01:06 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

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Lanatsa on February 15, 2023, 04:59:45 PM

Quote from: tabas on February 15, 2023, 04:42:54 PM

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

sr. member

Activity: 1918

Merit: 268

20BET - Premium Casino & Sportsbook

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

hero member

Activity: 2968

Merit: 687

Quote from: tabas on February 15, 2023, 04:42:54 PM

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

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

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

Sanitough

hero member

Activity: 2856

Merit: 674

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?

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

hero member

Activity: 2716

Merit: 904

Quote from: Oshosondy on February 15, 2023, 06:05:08 AM

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

Wakate

hero member

Activity: 1176

Merit: 543

fillippone - Winner contest Pizza 2022

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 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.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

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 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.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: Fortify on February 15, 2023, 04:00:55 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

full member

Activity: 2086

Merit: 193

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.

Fortify

legendary

Activity: 2688

Merit: 1192

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?

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.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: lionheart78 on February 15, 2023, 03:51:18 PM

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

lionheart78

legendary

Activity: 2954

Merit: 1153

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

full member

Activity: 1303

Merit: 128

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

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: Wexnident on February 15, 2023, 06:11:54 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.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

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?

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

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?

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.

stomachgrowls

hero member

Activity: 3010

Merit: 794

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

full member

Activity: 1708

Merit: 126

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

legendary

Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

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

hero member

Activity: 2184

Merit: 531

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

hero member

Activity: 1820

Merit: 537

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

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

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

full member

Activity: 952

Merit: 232

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.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

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

legendary

Activity: 2534

Merit: 1338

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

legendary

Activity: 3500

Merit: 1354

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

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

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

legendary

Activity: 2548

Merit: 1009

Leading Crypto Sports Betting & Casino Platform

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

legendary

Activity: 2660

Merit: 1261

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

hero member

Activity: 1750

Merit: 589

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

sr. member

Activity: 1914

Merit: 328

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.

decodx

hero member

Activity: 1456

Merit: 940

🇺🇦 Glory to Ukraine!

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.

ralle14

legendary

Activity: 3346

Merit: 1914

Shuffle.com

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.

Mauser

hero member

Activity: 1974

Merit: 534

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.

348Judah

hero member

Activity: 714

Merit: 521

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

hero member

Activity: 1330

Merit: 585

Leading Crypto Sports Betting & Casino Platform

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.

electronicash

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.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

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

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.

ethereumhunter

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.

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

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

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.

coinerer

hero member

Activity: 1456

Merit: 608

Vave.com - Crypto Casino

Quote from: coin-investor on February 15, 2023, 08:43:48 AM

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

coin-investor

hero member

Activity: 2996

Merit: 598

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.

Yatsan

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.

coinerer

hero member

Activity: 1456

Merit: 608

Vave.com - Crypto Casino

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 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

BenCodie

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.

joeperry

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.

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

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?

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...

_act_

legendary

Activity: 1064

Merit: 1298

Lightning network is good with small amount of BTC

Quote from: aioc on February 15, 2023, 07:43:39 AM

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.

danherbias07

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.

aioc

hero member

Activity: 2926

Merit: 567

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

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.

Yogee

sr. member

Activity: 1554

Merit: 413

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

...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.

avp2306

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.

xSkylarx

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.

Yamifoud

hero member

Activity: 2828

Merit: 518

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?

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!

Slow death

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

bisdak40

hero member

Activity: 2072

Merit: 542

DGbet.fun - Crypto Sportsbook

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?

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.

Maus0728

legendary

Activity: 1904

Merit: 1563

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

I always have a dilemma when it comes to chasing losses in gambling.

Aren't we all?

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

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

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

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

Well, your options are likely the one being done by most of the gamblers but it wasn't the best options at all. I think settling down for awhile and not to chase at all will be the best way for you OP. I am mostly settling down when I'm at streak loss, I always want the safer way and not to double my losses.

Pierre 2

legendary

Activity: 2436

Merit: 1366

I typically don't ever increase my betting amount. I think its like diving into bottomless pool. You can lose everything you got very quickly. In my opinion, its better option to keep playing with actual lower amounts instead (I see it as some sort of punishment to my wallet). I know I decrease chance of winning back but experience I got through would be entertaining. And also, I obviously focus on limiting amount I lose instead. Its different strategy.

ultrloa

legendary

Activity: 2758

Merit: 1228

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?

Most likely you lose if you increase your bet amount especially when you are pissed off and out of focus on what gameplay you are on. Much better stick with your current bet and try to hit the winning streak, but if that not came then stop there are still opportunity to bet tomorrow since you are having a bad day today. Just increase your bet size when you are lucky since this can possibly give you better profits unlike when you are in losing phase where you might lose more money by doing that.

robelneo

legendary

Activity: 3416

Merit: 1225

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?

Dilemma, is the right word I feel the same I always felt the necessity of getting back my losses as fast as possible it's hard to think when you are chasing your losses, I usually double my bet so I can quickly recover but the only mood I felt whenever I am chasing my losses is irritation, I just need to get back my losses, that is why I hate chasing my losses because if I did not get back my losses I usually feel irritated for a couple of days.
I'm sure I'm not the only one with this feeling.

acroman08

legendary

Activity: 2436

Merit: 1104

I remember in the past that I would either suddenly do a martingale(just like you are) or I would increase my next bet to 3-4 times the amount of my previous bet hoping I'd win and easily get the loss(as you know it doesn't work the majority of the time), but if I lost the bet I go back to the normal amount of bet that I do, not because I have control but because I don't have a choice because I'd bust my bankroll if I continue doing it. thinking about this now, it is an extremely stupid thing to do, luckily it is a thing in the past and I don't do it anymore.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

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.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

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

Beparanf

hero member

Activity: 2954

Merit: 796

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?

Topic: Chasing losses - Double down bet or Bet twice? (Read 475 times)