Dangerous chasing losses - page 16. | Bitcointalksearch.org

rodskee

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Quote from: Wapfika on October 25, 2023, 11:40:19 AM

I’m not a regular gambler nor an addicted gambler but I recently experienced a terrible chasing loss that start with small amount. I’m on a day off on my job right now due to my minor flu. My feeling got better while I don’t have things to do on my work dormitory so I decided to just gamble for fun only.

My game start by just betting minimum bet on a blackjack table with my initial deposit of 85$ which is my signature campaign earning last week. I lose my initial bank roll with just few bets on consistent losses. I decided to deposit again but this time with higher bankroll which is 250$. I bet twice the minimum bet this time since my bankroll is higher, the result is much terrible loss.

Lastly, I deposit 1800$ to have a better bankroll again, This time I’m betting like a high roller and lucky manage to recover my losses and bag 150$ profit.

Conclusion: I will never gamble again when I’m bored or chase loss small amount. With this exhilarating experience. I think I will stop gambling for a long time and reflec on what dumb thing I do today.

SS of my game history:

this is the effect if you let your emotion takes place when in gambling table because sure you will have wrong decisioning then,
Look at what you have experience from this and now you have learned your lesson that chasing losses is the stupidest attitude a gambler must have
even that I am not an expert but I know that when you chase losses is that how you are keep trapping yourself into another losses endangering all your funds
just because you believe that there are ways to recover those amount but the long you stayed is the more you losing.
you have a good winning history but made a wrong mindset , hope that there will be another chance to win again and never to let your feeling decide for you.

Woodie

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Let's be honest here, casino games aren't anywhere near sport's betting, for sports betting you can manage to make a 3odds bet and stake your full bank roll and win but with casino games you can't always win in one hit and you should be ready to play a good number of hands before the game turns in favour of you, so a few losses are very much normal still you wait for your winning run to come and not necessarily that you are chasing your losses, but waiting for the winning train.

Quote from: Wapfika on October 25, 2023, 11:40:19 AM

Conclusion: I will never gamble again when I’m bored or chase loss small amount. With this exhilarating experience. I think I will stop gambling for a long time and reflec on what dumb thing I do today.

Lol can relate, anything that offsets your mood can affect you potential to win and am pretty sure most gamblers have experienced this..

zuzie

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Quote from: ethereumhunter on October 30, 2023, 04:30:54 AM

Quote from: zuzie on October 29, 2023, 09:50:15 PM

It is true that if someone has experienced depression due to losing gambling, it is not easy for him to recover quickly, there must be special treatment and balanced support from the people closest to him. In my opinion, special treatment is being given motivation and good advice and little by little trying to learn to reduce gambling, I think this step will reduce the burden, although it is not easy, it must be tried.

Of course yes, friend, because it is natural for someone to experience defeat when gambling, apart from that, we as gamblers must be able to accept this defeat, and from this defeat we must make it an experience so that when we want to gamble we are always careful when we act. in terms of time and stakes. In this way we inadvertently try to control ourselves in gambling and prevent ourselves from becoming gambling addicts.

Motivation and good advice and staying with him during the depression recovery process can help him survive and get through his depression. It may not be easy, but it's all for the sake of his recovery and also so that he can realize his previous mistakes so that he won't want to return to gambling again. This needs to be paid attention to because someone who is depressed doesn't seem to want to think about anything and tends to be confused about what to do. This is where the assistance provided can lead him to start to organize his life again and always say that he has many opportunities to return to normal.

When we experience loss in gambling, we must be able to accept it because in gambling, we will face wins and losses and everything will depend on luck and the analysis we do. By having self-control, we can prevent ourselves from losing a lot and won't want to spend a lot of money to gamble. We will think about avoiding the problem of gambling addiction, especially since we have seen what impact gambling addiction will have on a person, including the people around him. That is why, when we lose, we will not pursue the loss or try to recover the loss because that will only result in an even bigger loss.

In my opinion, getting help from other people in the form of guidance and advice to cure depression experienced by gamblers is very helpful, because someone who has experienced depression tends to be alone and less social with other people because they are confused about what to do. . right now maybe what he is thinking about is whether telling other people will lighten his burden and he thinks that other people don't need to know what he is experiencing, maybe he feels embarrassed if other people know the truth.

That's right, when we want to gamble we have to face all the risks, losing and winning are common things experienced by gamblers, by having thoughts like that at the start of course gamblers will try to control themselves as much as possible. , so as not to experience too many losses and too many losses. , and this will also be an important experience for them if they want to gamble again, self-control is very important.

AicecreaME

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It's really risky to chase both winnings and losses. There are two chances with probability of achievement varying based on your luck, skills, and strategies. If you want so badly to chase winnings, there's a possibility that you will win a huge amount or even the jackpot prize, however, there's also the probability of you losing all your money because of failed attempts. High risk, high reward. If you are an aggressive player, then probably you are after the thrill and excitement as well as profit. It may turn out good, but it may turn out to be your darkest dark.

Chasing losses is risky as well because the moment you run after all your lost money and got lost in the process, you will lose more and more in the long run. You might not even recover your losses and instead accumulate more of it because of your greediness and ambition to break even. If you have the chance to exit, do it gracefully. That way, it will bring less heartache and less losses. It's good that you've learned your lesson and I hope others will learn a thing or two on your experience to avoid undergoing the same stupid thing.

Docnaster

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Quote from: junder on October 30, 2023, 09:11:49 AM

Quote from: lienfaye on October 30, 2023, 04:35:02 AM

Quote from: Wapfika on October 25, 2023, 11:40:19 AM

My game start by just betting minimum bet on a blackjack table with my initial deposit of 85$ which is my signature campaign earning last week. I lose my initial bank roll with just few bets on consistent losses. I decided to deposit again but this time with higher bankroll which is 250$. I bet twice the minimum bet this time since my bankroll is higher, the result is much terrible loss.

Lastly, I deposit 1800$ to have a better bankroll again, This time I’m betting like a high roller and lucky manage to recover my losses and bag 150$ profit.

Chasing losses is not a good idea because of the high possibility to lose more money. The typical approach is to stop and refrain from trying to recover it back. I experienced this before so I know exactly the feeling and the pressure that didn't end up well.

In your situation, you're still lucky to recover your loss and even managed to profit from the last deposit. The good thing about this experience is, you realized that it is dangerous that trigger you to deposit more and became out of control in placing bets.

Yes, of course it is not an effective way to catch up on losses that have been lost. If they play gambling with this principle, it is true what you said, instead of recovering losses, they will lose more money, so the one who makes a profit is the bookie, not those who gamble with the wrong principle. If they want to recover losses, it is not by gambling again, but they must leave gambling, and change their mindset.

The winnings obtained will not even be equivalent to the losses that have occurred. Even if he wins I'm sure it doesn't cover all the losses that have been lost. It is true that you said sometimes people are uncontrollable when placing bets, this makes their money run out quickly. Even with the guarantee of winning with a large value too but it does not rule out the possibility that they will lose. So in my opinion the small or large bets they place, it will not guarantee them a win.

When a gambler loses a lot of money through gambling, it's advisable to immediately start to chase his losses because at that very moment, he's unlikely to get back his losses since he wouldn't be mentally strong enough to be strategic in his gambling. People who chase their losses are more eager to win than to be strategic in their approach to gambling making it very difficult to win at that very time.

junder

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Quote from: lienfaye on October 30, 2023, 04:35:02 AM

Quote from: Wapfika on October 25, 2023, 11:40:19 AM

My game start by just betting minimum bet on a blackjack table with my initial deposit of 85$ which is my signature campaign earning last week. I lose my initial bank roll with just few bets on consistent losses. I decided to deposit again but this time with higher bankroll which is 250$. I bet twice the minimum bet this time since my bankroll is higher, the result is much terrible loss.

Lastly, I deposit 1800$ to have a better bankroll again, This time I’m betting like a high roller and lucky manage to recover my losses and bag 150$ profit.

Chasing losses is not a good idea because of the high possibility to lose more money. The typical approach is to stop and refrain from trying to recover it back. I experienced this before so I know exactly the feeling and the pressure that didn't end up well.

In your situation, you're still lucky to recover your loss and even managed to profit from the last deposit. The good thing about this experience is, you realized that it is dangerous that trigger you to deposit more and became out of control in placing bets.

Yes, of course it is not an effective way to catch up on losses that have been lost. If they play gambling with this principle, it is true what you said, instead of recovering losses, they will lose more money, so the one who makes a profit is the bookie, not those who gamble with the wrong principle. If they want to recover losses, it is not by gambling again, but they must leave gambling, and change their mindset.

The winnings obtained will not even be equivalent to the losses that have occurred. Even if he wins I'm sure it doesn't cover all the losses that have been lost. It is true that you said sometimes people are uncontrollable when placing bets, this makes their money run out quickly. Even with the guarantee of winning with a large value too but it does not rule out the possibility that they will lose. So in my opinion the small or large bets they place, it will not guarantee them a win.

Fredomago

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Quote from: lienfaye on October 30, 2023, 04:35:02 AM

Quote from: Wapfika on October 25, 2023, 11:40:19 AM

My game start by just betting minimum bet on a blackjack table with my initial deposit of 85$ which is my signature campaign earning last week. I lose my initial bank roll with just few bets on consistent losses. I decided to deposit again but this time with higher bankroll which is 250$. I bet twice the minimum bet this time since my bankroll is higher, the result is much terrible loss.

Lastly, I deposit 1800$ to have a better bankroll again, This time I’m betting like a high roller and lucky manage to recover my losses and bag 150$ profit.

Chasing losses is not a good idea because of the high possibility to lose more money. The typical approach is to stop and refrain from trying to recover it back. I experienced this before so I know exactly the feeling and the pressure that didn't end up well.

In your situation, you're still lucky to recover your loss and even managed to profit from the last deposit. The good thing about this experience is, you realized that it is dangerous that trigger you to deposit more and became out of control in placing bets.

Yes indeed, if you follow that emotion and fortunate not go your way losing more money would be the next thing that you will realize, suffering from more upsetting outcome and having that issue would trigger more chances that you will continue to aggressively chase those losses putting you in the situation where you can risk everything and lose more money after.

There's always a possibility that due to other factors, instead of coping with losses or making your way to recover, chances are that greed can eat you up and lead you to ask for more.

maydna

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Quote from: AmoreJaz on October 29, 2023, 05:39:49 PM

Quote from: maydna on October 29, 2023, 10:14:30 AM

~snip~

self-control is indeed needed on this activity because if you failed to stop yourself, you will be a slave of this habit up until you are ruining your life because you can't get out anymore. i guess, most of us already experienced this chasing losses at one point of our gambling life, and we already know what happened to our funds afterwards. so we should remember such lesson and remind ourselves why we are really into this gambling.

Yes, we have experienced it. Perhaps some of us have experienced it very badly. That is why we must continue to practice self-control so that we do not experience destruction because of the stupid things we do. We've all had those moments, and fortunately, we can overcome them, so at least we have ways to work for us; by continuing to do this while gambling, we will not experience huge losses because we can prevent these big losses. We also always try to avoid addiction because it is a serious problem that is difficult to cure.

nara1892

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Quote from: Westinhome on October 29, 2023, 07:59:11 PM

Quote from: Docnaster on October 29, 2023, 06:06:25 PM

In my own analysis of people who dangerously chase their losses, over 75% of people who seriously chase their losses ends up as losing more money instead of getting them back from gambling. In my own opinion about the subject of the matter, I think it's better to avoid trying to get back our losses at that very time we lost the money because we won't be cool headed enough to be strategic and gamble rightly which will help us to win.

The gambler who target the loss in the gambling site should need of the time to recover the loss.Seriously no need to worry for the gambling loss,because after the certain period every gambler had the chance for the big win to the gambling sites.It’s better to manage the loss by using the free money to the gambling sites.The new can be begin certain money in few few month and recover all the losses the certain people

Maybe you mean gamblers who are always chasing victory, I agree with that statement because it is true and in accordance with the fact that anyone who is too serious in pursuing victory in gambling then instead of victory they get but instead of defeat will continue to dominate. I honestly don't really agree not to worry too much about the name of defeat even though there will definitely be certain times for them to get lucky, but I want to ask if the victory will match the number of defeats they have sacrificed? while on the other hand the percentage of defeat is much greater than victory, and that means there must be more defeat than victory, that's clear.

This is always the initial disease that causes them to be addicted, they misinterpret an opportunity that is not at all certain, even though the victory comes but look at the number of defeats is much greater because they get one victory with dozens of attempts and it is not healthy for recovery. The results in gambling are very dependent on luck, so even if you try as often as possible if you don't get luck then you will still lose, so you should never think about chasing defeat, it's better to reduce your gambling from now on the final results can never be predicted.

lienfaye

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Quote from: Wapfika on October 25, 2023, 11:40:19 AM

My game start by just betting minimum bet on a blackjack table with my initial deposit of 85$ which is my signature campaign earning last week. I lose my initial bank roll with just few bets on consistent losses. I decided to deposit again but this time with higher bankroll which is 250$. I bet twice the minimum bet this time since my bankroll is higher, the result is much terrible loss.

Lastly, I deposit 1800$ to have a better bankroll again, This time I’m betting like a high roller and lucky manage to recover my losses and bag 150$ profit.

Chasing losses is not a good idea because of the high possibility to lose more money. The typical approach is to stop and refrain from trying to recover it back. I experienced this before so I know exactly the feeling and the pressure that didn't end up well.

In your situation, you're still lucky to recover your loss and even managed to profit from the last deposit. The good thing about this experience is, you realized that it is dangerous that trigger you to deposit more and became out of control in placing bets.

ethereumhunter

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Quote from: zuzie on October 29, 2023, 09:50:15 PM

It is true that if someone has experienced depression due to losing gambling, it is not easy for him to recover quickly, there must be special treatment and balanced support from the people closest to him. In my opinion, special treatment is being given motivation and good advice and little by little trying to learn to reduce gambling, I think this step will reduce the burden, although it is not easy, it must be tried.

Of course yes, friend, because it is natural for someone to experience defeat when gambling, apart from that, we as gamblers must be able to accept this defeat, and from this defeat we must make it an experience so that when we want to gamble we are always careful when we act. in terms of time and stakes. In this way we inadvertently try to control ourselves in gambling and prevent ourselves from becoming gambling addicts.

Motivation and good advice and staying with him during the depression recovery process can help him survive and get through his depression. It may not be easy, but it's all for the sake of his recovery and also so that he can realize his previous mistakes so that he won't want to return to gambling again. This needs to be paid attention to because someone who is depressed doesn't seem to want to think about anything and tends to be confused about what to do. This is where the assistance provided can lead him to start to organize his life again and always say that he has many opportunities to return to normal.

When we experience loss in gambling, we must be able to accept it because in gambling, we will face wins and losses and everything will depend on luck and the analysis we do. By having self-control, we can prevent ourselves from losing a lot and won't want to spend a lot of money to gamble. We will think about avoiding the problem of gambling addiction, especially since we have seen what impact gambling addiction will have on a person, including the people around him. That is why, when we lose, we will not pursue the loss or try to recover the loss because that will only result in an even bigger loss.

Yamifoud

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Quote from: goinmerry on October 29, 2023, 05:53:54 PM

If the result is the other way around, I understand the real feeling lol.

Been through a lot of chasing losses experiences and what a relief if in the end, successfully managed to recover all those losses in that particular session. To tell you honestly, it's really hard to sleep after that big effort pushing to recover from the loss and nothing good happened at the end.

What a nice effort done by OP and that was tough work. It's not just about the money but the long period of time spent to recover those loses.

Most of the time --chasing losses ended up being a big loser but some people got luck just like you and OP who managed to recover.
I was in that situation but was too unlucky and even emptied my wallet badly. That is why I don't chase anymore if I have been losing 3 consecutive bets, I'd rather decide to stop because this is a sign that I have no luck this day. Because the more I played, the more I lost. I'd rather take a break and be back the next day hoping that the time has been favored to me.

zuzie

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Quote from: ethereumhunter on October 29, 2023, 01:29:49 AM

Quote from: zuzie on October 28, 2023, 06:28:09 PM

It's true what you say, it's better to just stop than lose a lot of money if you lose control and continue to lose. I see a lot of impacts from gambling, they experience very severe depression because they lose all their money and maybe there are many problems in their lives such as being abandoned by their beloved family and being in debt everywhere and this case is very worrying. not worthy of imitation and very sad to hear, and in gambling a wise and responsible attitude is also required here, both for people who are experienced and for people who are new to gambling, so the goal is not to gamble excessively so as not to become an addict gambling.

Of course, friends, everyone who has entered the world of gambling must be able to learn to control themselves when gambling, so that they can prevent the effects of gambling and it is better to gamble just for entertainment, don't think of it as gambling. will make money there, therefore actually to make money we have to work really so that every month we get a salary.

The problem of depression is a difficult problem to overcome because they have to improve their lives slowly and promise not to return to gambling again, especially after they have lost a lot of money from gambling. The problem of depression must be solved immediately before he takes shortcuts by ending his life and this requires attention from the people around him. And gambling addiction can also cause him to experience depression due to losing money in gambling.

We all experience defeat when gambling, so we must be able to overcome the problems that can arise and there is no need to gamble again if we have experienced a lot of losses. That is why we must be able to limit our gambling so that we do not experience any problems. I agree with you by making gambling entertainment and not gambling excessively so that we can prevent gambling addiction, which many people have experienced.

It is true that if someone has experienced depression due to losing gambling, it is not easy for him to recover quickly, there must be special treatment and balanced support from the people closest to him. In my opinion, special treatment is being given motivation and good advice and little by little trying to learn to reduce gambling, I think this step will reduce the burden, although it is not easy, it must be tried.

Of course yes, friend, because it is natural for someone to experience defeat when gambling, apart from that, we as gamblers must be able to accept this defeat, and from this defeat we must make it an experience so that when we want to gamble we are always careful when we act. in terms of time and stakes. In this way we inadvertently try to control ourselves in gambling and prevent ourselves from becoming gambling addicts.

mv1986

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Quote from: Wapfika on October 25, 2023, 11:40:19 AM

I’m not a regular gambler nor an addicted gambler but I recently experienced a terrible chasing loss that start with small amount. I’m on a day off on my job right now due to my minor flu. My feeling got better while I don’t have things to do on my work dormitory so I decided to just gamble for fun only.

My game start by just betting minimum bet on a blackjack table with my initial deposit of 85$ which is my signature campaign earning last week. I lose my initial bank roll with just few bets on consistent losses. I decided to deposit again but this time with higher bankroll which is 250$. I bet twice the minimum bet this time since my bankroll is higher, the result is much terrible loss.

Lastly, I deposit 1800$ to have a better bankroll again, This time I’m betting like a high roller and lucky manage to recover my losses and bag 150$ profit.

~

Lol I actually had to smile a little bit when I read your post, this escalated really hard man! Cheesy

You get started with a $85 deposit just to end up depositing $1800? I mean if someone gets started with $85 without the plan to play higher stakes later on (because you could have deposited much more right away), what actually happened in the meantime that made you increase your initial deposit by over 2,000%? :There is some jump in the logic or a massive loss of control! Wink

Next time we'll read here "I got started with a $200 deposit and now I am homeless because I sold my house after 3 hours and used that trying to recoup my $200 loss".

Westinhome

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Quote from: Docnaster on October 29, 2023, 06:06:25 PM

In my own analysis of people who dangerously chase their losses, over 75% of people who seriously chase their losses ends up as losing more money instead of getting them back from gambling. In my own opinion about the subject of the matter, I think it's better to avoid trying to get back our losses at that very time we lost the money because we won't be cool headed enough to be strategic and gamble rightly which will help us to win.

The gambler who target the loss in the gambling site should need of the time to recover the loss.Seriously no need to worry for the gambling loss,because after the certain period every gambler had the chance for the big win to the gambling sites.It’s better to manage the loss by using the free money to the gambling sites.The new gambler can be begin certain money in few month and recover all the losses if they ready to play for the gambling game.The motive was the biggest reason for the game,if the game was made for the game,we can’t predict the result.The god may allow such a passionate gambler to do the miracle by the big win.

Docnaster

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Quote from: goinmerry on October 29, 2023, 05:53:54 PM

If the result is the other way around, I understand the real feeling lol.

Been through a lot of chasing losses experiences and what a relief if in the end, successfully managed to recover all those losses in that particular session. To tell you honestly, it's really hard to sleep after that big effort pushing to recover from the loss and nothing good happened at the end.

What a nice effort done by OP and that was tough work. It's not just about the money but the long period of time spent to recover those loses.

In my own analysis of people who dangerously chase their losses, over 75% of people who seriously chase their losses ends up as losing more money instead of getting them back from gambling. In my own opinion about the subject of the matter, I think it's better to avoid trying to get back our losses at that very time we lost the money because we won't be cool headed enough to be strategic and gamble rightly which will help us to win.

Oilacris

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Quote from: AmoreJaz on October 29, 2023, 05:39:49 PM

Quote from: maydna on October 29, 2023, 10:14:30 AM

Quote from: rachael9385 on October 28, 2023, 01:39:44 PM

Quote from: retreat on October 28, 2023, 04:07:49 AM

You are really very lucky where at first you lose a lot but in the end you recover your losses and get 150 USD in addition. If it were me, maybe I wouldn't dare to deposit thousands of dollars again just to recover my losses. Because from my experience, when I chase losses, I end up losing more, which makes me even more annoyed and looks like a fool.

You see, there are many people who will do even more than that. Sometimes, gamblers who feel that gambling is all about money making or profit-making, even if they lose the whole money they have deposited, they will still deposit more because they believe that they might win that last chance that they have.
There was one time I bet on a game and the last one cut it off. I was like, should I try again, or should I quit at that moment? That's what I asked myself, but I didn't try again that day. I waited till the next day. Can you imagine that the game I wanted to bet on still cut when I didn't even bet on it?

Some gamblers manage to win, but they have to take bigger risks to win. But some people don't dare to take bigger risks, especially since they have seen their losses take a lot of their money, and they can't afford to lose again, so they decide to stop. That is why we should not follow what our mind tells us because it can cause us to experience defeats that we will not even be able to face, and ultimately, we become frustrated.

That is why we have to be able to control ourselves well so as not to be tempted by things in gambling so that we can stop gambling easily. We won't be able to imagine what would happen if we lost more money in the next round, especially if we ended up losing the winning money we got previously.

self-control is indeed needed on this activity because if you failed to stop yourself, you will be a slave of this habit up until you are ruining your life because you can't get out anymore. i guess, most of us already experienced this chasing losses at one point of our gambling life, and we already know what happened to our funds afterwards. so we should remember such lesson and remind ourselves why we are really into this gambling.

Self control would be always in question because having this kind of quality or behavior would really be varying on a certain individual on which there are ones which are good but there are ones who do really fail 100%. Dangers or chasing up losses is really that always be that risky because if you've been having that kind of emotion on trying out to recover on what you have lost then you would really be losing track when it comes to your spending and since we do have that kind of bankroll which are allocated on such particular session then it would really be just that right that you should really be that mindful on how you would really be controlling yourself when it comes to spending and never ever chase up losses because tendency to deposit more would really be that likely.

If you arent that aware about those actions then sooner or later you would really be finding yourself on sleeping on the streets on which tons of gamblers had
wrecked out their lives just because of that wrong decision that they had made out.

goinmerry

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If the result is the other way around, I understand the real feeling lol.

Been through a lot of chasing losses experiences and what a relief if in the end, successfully managed to recover all those losses in that particular session. To tell you honestly, it's really hard to sleep after that big effort pushing to recover from the loss and nothing good happened at the end.

What a nice effort done by OP and that was tough work. It's not just about the money but the long period of time spent to recover those loses.

AmoreJaz

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Quote from: maydna on October 29, 2023, 10:14:30 AM

Quote from: rachael9385 on October 28, 2023, 01:39:44 PM

Quote from: retreat on October 28, 2023, 04:07:49 AM

You are really very lucky where at first you lose a lot but in the end you recover your losses and get 150 USD in addition. If it were me, maybe I wouldn't dare to deposit thousands of dollars again just to recover my losses. Because from my experience, when I chase losses, I end up losing more, which makes me even more annoyed and looks like a fool.

You see, there are many people who will do even more than that. Sometimes, gamblers who feel that gambling is all about money making or profit-making, even if they lose the whole money they have deposited, they will still deposit more because they believe that they might win that last chance that they have.
There was one time I bet on a game and the last one cut it off. I was like, should I try again, or should I quit at that moment? That's what I asked myself, but I didn't try again that day. I waited till the next day. Can you imagine that the game I wanted to bet on still cut when I didn't even bet on it?

Some gamblers manage to win, but they have to take bigger risks to win. But some people don't dare to take bigger risks, especially since they have seen their losses take a lot of their money, and they can't afford to lose again, so they decide to stop. That is why we should not follow what our mind tells us because it can cause us to experience defeats that we will not even be able to face, and ultimately, we become frustrated.

That is why we have to be able to control ourselves well so as not to be tempted by things in gambling so that we can stop gambling easily. We won't be able to imagine what would happen if we lost more money in the next round, especially if we ended up losing the winning money we got previously.

self-control is indeed needed on this activity because if you failed to stop yourself, you will be a slave of this habit up until you are ruining your life because you can't get out anymore. i guess, most of us already experienced this chasing losses at one point of our gambling life, and we already know what happened to our funds afterwards. so we should remember such lesson and remind ourselves why we are really into this gambling.

Fredomago

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Quote from: Silberman on October 29, 2023, 03:08:13 AM

Quote from: Eternad on October 29, 2023, 01:43:38 AM

Quote from: Westinhome on October 28, 2023, 07:55:38 PM

Mostly the new gambler understand the fact it’s hard to chase the loss in the real gambling games.Nearly the 20 percentage of the loss will be covered by the gamblers,but the reaming loss can be covered if they ready to play the game till the end.In order to recover the loss in the gambling,the gambler should train himself to get the loss money with the full effort.It may take time,some times few days and sometimes it take over some years.But the gambler should wait to meet the loss money to the profit from the same gambling sites.It may be added some more dollars in the regular way to get back the loss.

This is easy to say than done since we are talking about gambling and not trading. People gamble because they want a quick profit. It’s obvious that anyone with losses on gambling will do the quickest way as much as possible to recover their losses. Playing slowly to recover losses is a good idea but that kind of patience level is very hard to apply on gambling since people will not gamble if they have that patience.

This chasing loss is the typical error of players which the casino really like that’s why they give some cash back feature just to encourage user to play since they some insurance when they lose.

And that is precisely the issue here, even if someone had the necessary skills and traits to gamble in a methodical way in order to recover the money they have lost, this attitude is not something anyone expects from them, not even themselves, and this is because hardly any gambler will wager their money in this way, as it is way more likely to take impulsive decisions when we gamble, then the correct choice when losing more money than what we expected is to stop gambling instead of trying to chase our losses.

If you are not a fan of taking the risk, it's always good to stop and quit, gambling is not the right venue for you. Chasing losses and trying recover your money once you already losses some of it might be difficult to handle, there are many kind of emotions that will begin to bother you especially when things is not favoring your side, it's best not to continue and stop your sessions to avoid having more losing streak to take place.

Topic: Dangerous chasing losses - page 16. (Read 2613 times)