Topic: Dangerous chasing losses - page 12. (Read 2983 times)

No, patience won't make you win but it will just save you from excessive losses. So, you can say that a condition for losing less in gambling is patience because those who are impatient and have no self-control tend to have a hard time accepting their losses which is why they spend more money trying to recover their losses which makes them lose even more money, but if they stay patient and accept the small losses and move on, they wouldn't have to lose more money.

Responsible gamblers stop gambling when they see they are losing constantly, and that saves them from excessive losses, whereas irresponsible and reckless gamblers gamble even more when they are losing hoping to recover the losses and eventually lose all their bankroll because they are out of luck at that particular time but they don't understand that on time.

Some persons may not really see anything wrong in chasing their losses but then one thing is sure, it's very possible that you loose more trying to recover from previous losses, there's only a little chance you recover from such when you chase losses because of emotions.

Whenever you are bent on recovering your losses most of the time you most likely get emotional because you just want to recover and your decision at they point may not be rally rational enough, they are just random and you make wrong picks thereby reducing your chances of further wins. So it's usually advised you stop playing whenever you feel that urge to chase your losses and play some other time when you are in the right frame of mind.

Another factor which gamblers tends to ignore somehow is that they forget that what is the probability that when they chase the loss, they will succeed in it and will not lose more money. If there is a guarantee that you will be able to recover the loss, by playing more with the intent to chase the loss, then I would tell everyone to always chase the loss, but the reality is otherwise. There is no guarantee of winning with the intent to chase the loss.

The best thing for the gambler is to analyse the risk of loss even before playing and in case he has not done any homework, then accept the loss and do not run to convert the loss into profit. 99% of the time, he will lose more money.

Controlling emotion is really big part of gambling since it’s the most common enemy of gambler aside from house edge. It’s very hard to control it if you are just an occasional gambler because you are still not immune whenever you encounter a consecutive bad losses.

Most of the time, it always ended to lose since you will bet higher amount more than your usual wager just recover quickly while your bankroll will be short since your bet will be higher than usual. This is the part people will surely loss when they failed to made another  bet since their remaining bankroll is already not enough to make another bet.


Correct. Your bankroll will be shorter that’s why you can easily lose everything if you still bad luck on the next bets when chasing lose.

That's becaause gambling is designed just for fun activities only, I think that's a strong reason why someone always fails to chase their losses, of course it doesn't make sense, I honestly don't understand why they have that mindset. Basically there is no guarantee whatsoever to be able to win in gambling, because every session will run randomly about who will win and who will lose, we will never be able to find out and also there is absolutely no reason for us to continue to chase victory there because there is no certainty for any outcome. Of course the best thing is to consider whether this activity has a good or bad impact on your life, only those who feel it themselves about it and I think wiith that you will also be able to know what the best thing is to do.

On the other hand, it is quite difficult to tell those who are addicted to gambling, their mindset is almost entirely dominated by lust and gambling temptation, so it is quite difficult for them to think clearly to get better judgment according to what should be done and indeed the best thing to do. It is quite difficult to get out of the addiction cycle, so I think they will be able to stop or realize when they already feel something that can really make them worse.

I agree, the frustration that causes you to keep chasing those losses will not end up with anything that is decent or long term, we should be considering that as something that is a little bigger and better if we want to. I hope that we could get to a point where it could be a lot better. I believe that we are at a point in our life when we can say that it is not going to end up being a little different, and for that to happen we need to realize that we can't change anything that quickly.

Hopefully, we could make it work, and if we can't then we are going to be basically losing even more while chasing the initial loss and that is what happens most of the time. People who chase their losses do not understand that it is not going to be easy to get that money back, and this is why they are going to keep losing money one way or another and should try to find a way to get over it and just go back to normal gambling without chasing anything that they lost.

I do gamble when I am bored, and I don't see anything wrong with it, I haven't experienced any challenges. I do prefer to gamble whenever I am bored. Gambling when you are bored is not bad, but the only mistake you made was trying to win back your loss. People have lost a lot of money in gambling just because they were trying to win back the amount they lost. If you are trying to make up for your loss, then you are likely going to lose more. Some people end up being addicted to gambling because they are trying to recover their losses.

It is not a given that those attempting to recover their losses would likewise be successful just because the OP pursued his loss and was able to do so with a small profit. Many people who attempt to recover their losses actually end up losing more money. Simply quit gambling and take a break if you are losing. You may try gambling again another day and eventually you will be able to win back your loss, so don't strive to get it back fast.

Yes that's right, their victory is when they can limit the game without following their emotions which of course if they follow their emotions and passions it will only make them lose more money. It is difficult to accept defeat, but the fact is that it is what they have to accept, even though there is resentment that they feel it will not turn things around for the better. Moreover, if they play again with the aim of recovering losses by chasing it is wrong, because it is unlikely to be obtained.

By limiting the game when losing and stopping it is a wise choice so that they can rest their minds so that there is no addiction that has a bad impact on themselves. It is true that you said not everyone can do it, it can even be said that rarely people can control or limit themselves when playing, especially when experiencing defeat. The situation can also affect them when playing, so it is true that you said gambling in a calm time so that there is no greed or loss of self-control when playing.

Of course and indeed basically whatever you do even outside of gambling if you rely on excessive emotions then obviously it will usually always end in downturns and regrets, I think this is very common for everyone to experience, so some people make this downturn a lesson so that something like that doesn't happen again in the future, And on the other hand there are still those who do not want or cannot accept the fact that gambling is nothing more than an entertainment activity, and maybe yes for some of them there are those who can break even by getting back what they have lost, but it is very clear on the other hand that this is still an activity that is not recommended, especially if you bring an improper mindset such as for example thinking that gambling is to make money.

On the other hand I am quite strange with their mindset that is always excessive, even though there is no guarantee for anyone to succeed in getting what they want, one that is not recommended is chasing losses, how can you be sure that you will be able to get a win? while on the other hand there is no guarantee whatsoever. And well that's gambling, I hope anyone including those who are new to gambling not to overdo it in gambling, because obviously it will only worsen their financial condition. So the point is better to prevent than cure, don't be too tempted by what you see as tempting, because it's nothing more than a temptation to make you worse.

Most, if not always, allowing emotion to dominate while playing in any type of gambling more likely ends with a big risk, though there might be some who can break-even or win some after gaming but most of the time the outcome is not favoring the gambler side, to the point that they can lose a lot of money.

And adding to that, chasing losses are always the first thing when you have that aggression thinking that by adding more money you can have that chance to recover only to find out that you will just lose it all and then regret it after.

And that is an achievement that we must appreciate because we have really managed to control ourselves well. We have to keep doing it so that we are not tempted by greed to chase victory so that we will not experience many losses. For those who still can't control it, they still have a lot of time to train it because the more often they train it, the more their ability to control themselves will also increase, and that will have an impact on their self-control. He could get rid of all the temptations that came his way because, with his increasing self-control, he would not care about the whispers of greed telling him to keep playing. He can take care of himself very well and can even enjoy gambling as a pastime.

And if they lose, they can immediately stop and leave the casino because they know that will prevent them from being tempted by the offers they see even though the offer will always tempt them to try to take it. But they now have good self-control so they won't be tempted and can leave the casino carefree even if they experience those losses.

In fact gambler biggest win is when they can minimize losses by stopping when they start losing because if they continue there will only be losses until what they have is completely gone.
Maybe it will be difficult to stop and accept every defeat that occurs, but we will have even more difficulty if we chase bigger losses and lose even all the valuable things we have such as money or other assets.

Of course, stopping after losing is wise decision and you must do it in the next few days so that you can be calmer and not be emotionally influenced by chasing after the defeat.
Unfortunately, only few gamblers are able to do this because sometimes they are unable to accept the risk of losing.

That is why it is recommended to gamble when in calm atmosphere and with money that can afford to lose.

Agreed. When you allow yourself as a gambler to be ruled by emotions, it most likely wouldn’t end well. When you use your heart instead of your head whenever playing , you’re bound to make mistakes. Mistakes that could cost you the game.
And your reactions after having lost out on the game matters a lot. You could get really upset at having lost and decide at all costs to win whatever fund you initially lost. When that happens, you’re on the wrong path and on the road to losing even more money.
Using your head, you’re bound to have more self control over your actions.

Yes, most gamblers have tried to recover their losses, but they cannot get it easily at all because they have to use more money, which does not guarantee that they will be able to recover their losses. And it is indeed the house that will gain the biggest profits while we gamblers will only experience losses. And even though someone can win a lot, the casino will still take the biggest profits. We should be able to think that we don't need to gamble excessively because that means we have to be prepared if we have to lose even more money.

I don't have a gambling record but I can see the gambling history in my gambling account. If I feel like it's too much, maybe I'll stop gambling this week and not gamble for a few weeks to calm my emotions. That's better because I can divert my mind to other, more useful things.

It is an eternal truth that if a person rushes to recover the loss then he will lose all his money but he will fail to recover the money. Occasionally I have seen a situation where a gambler has lost 100 times his winnings to recover a small amount. If any such interest arises in a gambler he is sure to lose money. There are many gamblers among us who start gambling at any time. When never having the desired bet, he loses money by entering into another bet. In my opinion the more patient the gambler is the more money he loses. A condition for winning in gambling can be patience.