Topic: Dangerous chasing losses - page 18. (Read 2983 times)

Well that makes more sense, that way he will continue to earn money, and if his hacking is completely unknown by casino security then he will be able to earn money consistently and as long as he wants. And on the other hand the way they can succeed in gambling in my opinion is that they have to become the house itself, or create their own casino. You may know the casino makes a system to defeat always dominate the gamblers and that means the big and real profits are not made by the gamblers but by the casino itself, why is it like invisible and difficult to realize by the gamblers? Because the casino has a very smart system or rule, it involves the mindset and mentality of the gamblers who play there, such as for example ten defeats will be treated with just one win (mentally), and just try to calculate the number of defeats is much greater, but strangely most gamblers will not think about that, they will only be very happy when they get a win even if it's just one time out of dozens of losing attempts, and I say that's the smartness of the casino, they will give one win and exchange it for 9 defeats from the gamblers, obviously it's more profitable.

I call it greed, who doesn't want money? everyone needs money, and when they see in gambling there is an opportunity to make money then obviously even if for example they have managed to return the loss, after that they will be greedy and feel great that they have been able to return the loss in the previous time, they will never feel enough with any results there. None other than all that happens because of the factor of excessive expectations and their mistake in understanding what exactly is meant by opportunities in gambling, even though there is absolutely no guarantee. And I say this cycle will never end if they don't stop it themselves, because if it continues it will only make things worse.

I wouldn't say that OP's lucky though, it's betting so there's an involvement of analysis so it's not all luck, if OP knows where to place the bets then there's a higher chance of OP winning. Chasing losses is a matter of what game is being played, if it's based on chances, chasing losses is the worst thing that you can do but if there's a chance that your skill can change the game, then chasing losses is a possibility and not the worst thing that you can do maybe in the latter case, it's up to you if you want to break even or stop right then and there.

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.

Of course, what he has to do is think about whether he will continue gambling or just stop because he is losing more than winning. Agree with this, if he wants to continue gambling what he has to do is be able to control the money he bets and always be careful when gambling, remain wise and responsible so as not to overdo it when gambling.

The self-control that a person has is very influential in gambling, so that he is aware that the results of gambling cannot be predicted, wins will only be obtained by a few people while most gamblers will experience losses and this is true if they have talent and experience. Being lucky doesn't necessarily mean you're lucky, and what you said is true, it's good for us to gamble as an activity to entertain ourselves when we're bored.

I don't really understand your gaming history, you first played BlackJack pretty normally. Your betting size was between 5 - 15 USD, which is good sizing and you should be able to withstand a losing streak. And then 1 hour later you deposited new money to bet 10x your initial bet sizes. That feels wrong and I don't understand why you would jump so quickly in your bets, because you weren't even losing before. I can understand that after a few losses in a row you might want to place 1-2 big bets to try and recover your previous losses. However, you fully went to play with your new bet sizes and never went back to your more comfortable levells. It's good that you didn't lose all your money and even made a profit for the night. Depending on your overall bankroll 1.800 USD might be a lot of money and I would recommend you go back to play smaller sizes again. Especially if you gamble for a long time, then it can be really dangerous to use all your money in one session. It's good that you realise your mistakes and will learn from them, it's not that easy to control our emotions and our finances when gambling a whole evening.

But really gambling itself is not meant to free our free time, only for us to try to double what money we have or we want to stake on it. Op doesn't really want to fill his free time because if he does then he would engage himself in playing some games in his phone or watch movies. He didn't want to fill his free time that was why he didn't want to leave his lost money but chased it by all means possible and he was lucky to have got it.

So I believe if I want to fill my free time, gambling is not my best bet but to look at other areas of distraction and entertainment 

And all the incidents that happened to him can be a valuable lesson so he can learn from everything. If he has experienced a lot of losses since he played for the first time, he has to think about whether he should continue gambling or whether he should leave gambling. But if he still wants to gamble, that's okay, but he has to be careful not to spend a lot of money and as much as possible, he has to reduce the amount of money.

People who gamble must have experienced defeat because that is what they will experience if they gamble. They should know that getting a win is very difficult and if they still decide to recover their losses, they will only regret it, especially if they use more money. The important thing is that he can control himself and his money so he doesn't lose much. Thus, he only needs to enjoy gambling as entertainment.

Chasing defeat will only make us experience bigger losses, that's why if we decide to gamble, it would be better if the initial goal is not to win but to get rid of boredom, look for fun in gambling games that we like and have limits within carry out these activities. so that the mood when we lose will be fine because we are definitely ready to lose that money.
Therefore, it is better to gamble with small amounts of money so that we don't think too much about losing when gambling.

OP said that if he wants to gamble with the aim of having fun, if he aims to have fun, he won't experience any problem if he loses his first money with a limit that he thinks is the minimum, but he keep thinking about his losses and makes deposits many times just to recover his losses, so I think his goal is Not looking for fun but testing adrenaline, he was lucky to be able to recover the money he used because it is rare for successful gamblers to chase their losses because most of them always experience bigger and bigger losses.

Unfortunately, it isn't possible to think logically after a person loses in gambling because of the negative psychological effects the experiences. Although I can control myself in gambling, unfortunately, when I make leveraged trading sometimes I cannot control myself and increase my loss amount by taking more wrong decisions. Whatever the action is, the person must be able to control themself in such a psychological state, even if it is very difficult and not continue on their way by making additional mistakes. For this, as you mentioned taking a short break would be the ideal solution for this.

Although, as I mentioned I succumb to this psychology not in gambling but in leveraged trading, I usually only increase my loss amount and manage to stop myself before the situation gets worse. For this reason, I think it is very important to control bad psychology, emotions and with a little willpower everyone can prevent such bad scenarios by controlling themselves.


Certainly, when the bet amount increases after each loss it causes the person to lose more money faster. In such situations, a person needs to be able to control his/her own will and avoid making wrong decisions by controlling his/her emotions. This is, of course a very difficult process but preventing this situation with a strong will and preventing all potential losses can only be achieved with the right emotional and psychological control. For this reason, if a person has lost money in gambling he/she must learn to control his/her own will and overcome his/her emotions to avoid making wrong decisions.

Thank you for sharing this your experience with us. I believe we would all learn a thing or two from it.

I believe that 90% of gamblers have an embarrassing tale of them chasing losses at one time or the other and it did not end well but we cannot tell the story publicly because we don't want to look stupid.

I tell you that if you stick to your place you will definitely bounce back a better and more disciplined gambler.

Their something I want us to understand in gambling and investment, for gambling if you are a gambling addicted I don't think that you will stop chasing losses in a gambling, an addicted gambler doesn't feel that it has lose in the gambling but I believe that in gambling instead of addicted gamblers to dress back in a gambling they will continue to chased their loss believing that one time wining of the gambling will make them to recover all they have lost so far, so I believe that is the mentality of gamblers who is desperate in gambling and also addicted in gambling, but someone that have strategies in gambling knows it's time and when to gamble and when to gamble and it's loss will not trigger him to gamble to make the one he losses

Somewhat i do agree into this point on which there are really indeed times that you are really that longing for more even if you do know the risks of losing but still you are really that doing it because you've been thrilled on doing so. Its weird but it is really that indeed happening  for most gamblers on which the urge is there to chase up those losses even if you are really that aware on what are the things that should really be needed to be done.Honestly its never been ideal on chasing up losses because if you wont really be that wisely on stopping midway or on the situation you are in then
most likely you would really be ending up on losing more. If you cant really be able to stop then expect on what would happen but if you are aware but  you have decided to play more then its your
choice. Just make it sure that you wont really be that making yourself that go beyond your limits on which this do matter the most.

I have experienced the same as you, but I have not lost as much as you. I know what I did was wrong, chasing defeat hoping for victory without realizing that in the end I only received defeat.

Actually, I'm not an addict and I'm not one who doesn't know the risks. It's just that sometimes we need entertainment when we're bored and just lying in the room. Initially, gambling was just to fill our free time without realizing that we were carried away by emotions, actually we were aware but it was curiosity that made us continue to chase losses. It was a valuable experience for me, if you are already losing, you should stop first.

A strong intention is really needed to get out of the world of gambling because with a strong intention, consistency will emerge and hold firmly to a promise not to gamble again. And you need to remember that "the sea is salty, but not the fish." So as long as this intention lives in the heart and behavior, I am sure that everyone is able to get out of all gambling problems even though they are in a fairly harsh environment.


Gambling is indeed quite tempting because it seems like gambling can double your money, but that's just the opinion of some people who don't want to think clearly and think further about gambling. Everyone can gamble but not everyone can control it, so this is where a good understanding of gambling is needed so that we can be more careful when playing it. Gambling is just a game, but this game is quite risky.

Chasing losses is where a lot of gamblers make mistakes. In my own view, I think that what causes almost all gamblers to chase their losses is that they gamble with amounts they can't afford to lose, because if that is not the case, why will someone try to recover their losses in gambling, which is all about luck? One thing about gambling is that even if you try to recover your losses and are lucky enough to recover the amount, you may still continue to make profits. Someone has to be smart and set rules when it comes to gambling; if not, someone will end up with nothing because the spirit of gambling is so strong that if someone is not smart enough, they will spend their entire life on gambling. Even those who are now gambling addicted started gradually by thinking they would one day recover their losses in gambling.

Some people may ask why they lose even more when they are counting their losses or looking to recover their losses. Well, the answer is that once you are thinking about the loss, you are all surrounded by negative energy and you only are depressed and full of negative thoughts. That is the reason that you may lose even further.

Believe me or not, if you want to win, you need to have positive energy, hope and willingness to win. Only then you may succeed and may win in gambling.

You will surely loss if you are counting your losses while gambling since your decision making will be affected by your desire to bet higher just to quickly recover. This is why you should think only about playing your current game and stop counting your loss so that  the game you are playing is in total control of your clear mind.

Just set a target profit and allocate a bankroll you should only use for that game so that you will never consider chasing loss or being greedy to win more once you hit those target.

Chasing your losses is one of the worst mistakes that one can make while gambling and it's one of the best moments for a casino that is being used by the gambler because they tend to get a lot of money in such situations because it's obvious that the gambler is going to lose everything eventually if they don't stop at the right time, and the right time is when they've lost their initial bankroll that they were always ready to lose and wouldn't think much about.

Some people actually manage to recover their losses in the first couple of attempts, but they don't stop there, they gamble more and once they lose again, they think they can recover it again but once they go for it, they are struck with extreme disappointment in the shape of losing their entire balance and then depositing more and losing that as well.

Good thing that realization hit you that hard for you to decide not to repeat that same mistake, I think there are many who can say that they also experienced that same mistake, instead of stopping after getting that opportunity to recover all their losses, they will think that they will going to win more, as luck already showing up and giving them that green sign to continue pushing for more.

End of the day, regret and that long time memory of losing your money instead of having that chance to pause and quit.

Many people say "I will stop gambling because I lose a lot" but after a few days, they'll be back to gambling again.

Nothing wrong with gambling as long as we are still in our minds but what went wrong is when we started to think of getting back our losses. This is the time that our emotions have been controlling us as in our mind to gamble more in order to win and secure our capital but too unfortunate that luck doesn't come when asked.

The only thing that we need to correct is our behavior and understanding of gambling.