Topic: Dangerous chasing losses - page 2. (Read 2613 times)

I think it has nothing to do with the amount one is using for gambling but it's all about one's mindset. A person who is gambling just for fun and has $5,000 might not try and recover their losses even if they are betting $10 on a single bet, whereas a person having $100 as their overall bankroll but playing to earn money can't ignore their losses even if the base bet is in cents and will always try to recover what has been lost because they don't want to lose anything from their bankroll but gain more on top of it.

So, the idea of recovering losses comes when the person is considering their bankroll as capital and is trying to increase the amount without realizing that gambling is going to take it all away because casinos are not there to provide us with profits but they are businesses that take profit for themselves from us.

There's nothing totally wrong in losing as it's part of the game, but when the losses are becoming too much, it's worrisome, and it gets to the level that despite the losses, some gamblers would still not stop but continue to bet and bet thinking the luck will still come if they persist. But that is not how it works, at that level, the gambler is out of control, it's the emotion that lives in him that is working at that time. This will not stop until the gambler himself or the people around him stops it, that is why it's good to know our limits as we gamble. From the start of gambling, we should know that it is either we win or lose, and in the first two bets, if we lose, we should be aware of what we are doing and it's not by force that we continue to bet especially when we also lose the third time.

Although, this depends on the kind of game we play and the amount we are playing it with and willing to lose, but yet applicable to those who are gambling with huge amounts of money. This is why we need our budgets per periodic time of gambling, and by this, the gambler must have known the amount he would gamble and the number of losses that could be accommodated in a day instead of just gambling without any plan that could tame the person. Like me, I bet casino games at most 5 times a day and the highest I have wagered is $10. This is because I know my weakness in casinos, unlike sports betting that I can go beyond $500 at a go. So, to keep myself out of the emotions of trying to get my money back, I had better have a plan that puts restraints on my gambling habit.

Yes, but it's going to be very difficult process. I mean it's going to be very hard to control one's emotion, specially if you are in a losing streak and wanted to chase and recoup what you have lost. And we all know that even if you are not that addicted, but still most of the time the feeling of losing is very hard to swallow. So you think you can comeback and play and win again.

But it's not very easy, there is still the element of luck that you need to know. And so if you really sense that you are in a bad losing streak. It's really best to come to your senses and never or at least stop the bleeding in your end and not deposit any more money.

Minimizing your deposit and allocate enough time and not letting yourself exceed anything, that's really something that only you can process. Most gamblers are aiming to recover as quickly as they can thinking that with luck after suffering from a losing streak they will be able to catch up and win back everything.

And if ever they did it, greed will start to shine up and allure them to keep playing, where most of the time they will bring the money back to casino and lose everything again.

Self-control protects against luck, but it doesnt eliminate gambling's risks. How come? Gambling is about probabilities, not luck or self-control.

Isnt changing bet sizes based on past results a gambler's fallacy? Each bet is independent of previous wins or losses. Can gamblers ever be "careful"? When does carefulness become overconfidence and avarice, which we're warned against? Doesnt gambling expertise involve understanding when to stop, not just how to start?

If indeed your condition is sick like you said the flu or whatever it is then it's better not to even think about touching gambling to fill your empty time when you're sick, although it always can't rule out the possibility but it's better as you said it's better not to touch the cell phone at all, because I also feel let alone to touch gambling sometimes just seeing the light from the cell phone screen alone can make me dizzy.

So if you are sick then it is better to just focus on resting for your recovery, and if you have recovered then you will be free to do whatever activities you want, but even if you have fully recovered, honestly I would not really advise you to enter or get involved in gambling activities because there will definitely be many worries that are very likely to happen to you, especially the impact of gambling itself, it is not impossible that the impact of gambling can also make you fall ill.

Recovering your losses becomes dangerous when you have no idea yet on what might happen as you recover. And that is because many keep on recovering their losses instead of calling that a rest for the day and the result opposite to what they expected.

When I lose today, that is enough for this day. If ever I have a good time tomorrow and made profit decently, then that is my recovery. But if I lose again, then just calling it as normal losing day.

Recovering losses is not advisable because they will experience more losses. It would be best for them to accept their defeat and leave the casino before they experience more losses. However, many gamblers do not realize this but try to recover their losses, which does not give a good result. But what happened was they ended up losing so much that there were gamblers who spent all their money in one day. We must really prevent it from happening and therefore, we must continue to practice self-control so that we can avoid these many defeats. Recovering a loss will pose a greater risk than we imagine, so it is better to gamble moderately so that the risk of losing does not become large.

It is true that gambling losses can be easily avoided if one is careful in gambling. Because once a person becomes careless in gambling then he forgets everything luck is never the same again and again. If luck is good it is possible to win once but at that moment you have to keep yourself under control and rest for a while and try again later luck may favor you again. Being greedy never changes fate but puts it at risk be aware as well as changing your bet size based on whether you won or lost your previous bet before placing the bet. It is determined by whether you won or lost your previous bet.

If you are a professional or a partime gambler in life time you once try to recover loss. Recover loss is dangerous. When you try to recover loss you risk you money that you are using the amount you try to recover. Your emotion work here highy because you are already in loss and you are risking money for recovery. That's the reason i prefer not to do chasing losses.

So you do gamble when flu I mean that is totally ok but when I get sick Im not gonna touch internet related even my gadget because sometimes it makes my head dizzy. and maybe because of your flu you dont think right Im totally gonna messed up if do gamble when sick not feeling right body and emotionally so my advice dont touch gamble when you feel unwell.

I hope everyone will read your statement, I think that's the best way so a gambler will not have any idea to chase their losses, but living in this modern society where everything is very accessible via online, It's hard for them to follow this because just like what you've said, Do a budget or bring a budgeted money for gambling only but gamblers always have their phones and mobile banking app is accessible once they lose all their handed money. Also we know for ourselves that we can't stop someone especially if they are really determined to play again to get back the money they lost.

That's better. A budget. Also, don't bring anything that can be pawned. Car, gold, silver, or anything that is sold for money. Bring only the cash and maybe the ugliest car in your garage.
Because those things will give you the idea to chase the losses by using them as collateral to get a loan from loan sharks that are hiding in the shadows if it's in a physical casino. They will always be there.
Like what they always say, only gamble what you can afford to lose and I think the budget that we will bring is the only money that we should lose then we could go back home without much regret about it. At least that way we could still sleep sound and then just go back another day with the same plan.
It's not like the casino is going away, they will always be there just waiting for their customers and there will always be another where maybe we will get lucky and claim back all that was lost.

Luck never comes unexpectedly and luck cannot be chased in any way.
It quite strange to see those gamblers who always try to recover from their losses and think that luck is on their side, recovering from their losses can cause someone to fall into cycle of difficulty and this is what actually happens but most gamblers cannot realize it.
There have been many incidents where gamblers have experienced setbacks and they are still trying to get back what they have lost, but experiences like this cannot be used as lessons to change attitudes and behavior in gambling.

Talking about financial limits when gambling is very easy, in fact I personally often say that gamblers can limit their finances so they don't go overboard because it can increase the budget that has been set.
What more, gambler without financial limitations does have more time and betting sessions, so losses are also likely to be greater.
But unfortunately some people also say that just talking is an easy thing but implementing it is difficult thing to do.

A person who is said to be a professional in gambling also in my opinion behind his skills that are played cannot be separated from luck, no matter how good their skills are by playing gambling there are also few chances to get a victory The gambling system that is set to always win, Indeed there will be a victory that he gets but it is not easy to get, even with the best skills of the gambling expert. Depending on what game is played, if for poker maybe playing skills play an important role where this game leads to mathematical calculations that are mastered by a person playing poker why is that, because that's where the element of poker luck comes into play, if you toss a coin a billion times, you would expect the coin to land on heads or tails 50% of the time. although it will basically be 50/50 by the time you reach a billion coin tosses, there will be times when the coin lands on heads tens, hundreds, or even thousands of times in a row or continuously. There is also a wave path to the actual 50/50 number known as variance that plays an important role in all poker formats and variants. For example, pocket aces beat random cards about 85% of the time in large sample sizes. But there are times when your pocket aces keep losing too, it's this short-term poker luck that players focus on, not the long-term when the variance eventually balances out.

There are also some who don't believe in poker skill, but they fail to answer why there are professional poker players There is an element of skill in playing poker, which starts with you having control over which cards to play and which cards to fold. In addition, poker skill is required to put your opponent on a wide selection of hands, to bet the right amount of chips to encourage a call or fold, and much more. The best poker players study the game in depth, by studying the odds and probabilities of every aspect of the game to learning all about mathematically perfect optimal game theory games, That's if poker. 
 And I think poker requires skills that play an important role like math,  for the slot itself in my opinion does not require deep skills.

It's different with slots.
If the slot in my opinion only needs to be careful in choosing the site, because the game may be exactly the same but the difference is the appearance of the site and the security of the site, because I have played on one site where the site could not pay the big winnings that I got, but to play slots in my opinion does not require deep skills like poker which has elements of mathematics at its core. In the event that you're looking for a slot machine with a high RTP, this is the percentage of the total bet that will be returned to the player in the long run, slot machines with a high RTP tend to provide a better chance of winning, but some people don't believe in this like myself, I play slots just for entertainment so I don't pay attention to many things, the goal is to find a thrill in exchange for the money deposited and the winnings I get I consider a bonus from the slot. And for what you said it's not wrong, I agree with what you said for poker, but for slots I don't think so.

Or rather, have/carry a set amount that is to be spent in the casino before leaving your home. With a little discipline, you’ll pack up and head home when you’ve burnt through the set amount of money designated for gambling. That could help a little to resist the urge to continue playing with hopes of winning all the money lost earlier.
Perhaps it’s only when a huge portion of your total money is completely exhausted, that’s when realization sets in about how much has been spent.

We need the realisation, luck hadn't favoured and that's the reason we had lost the bets. Once again trying to hold back the luck and keep on wagering with the hope of recovering the loss is wrong. As stated when we're in loss our minds won't work good. It keeps wavering and even our prediction and picks won't be ours. We want to recover what we've lost and continue to wager out of control. Even we don't know what is the bet amount we've placed, only after losing everything we check the bet history.

And the easiest way to avoid this mindset is to avoid betting too much money from the beginning, this way if things do not go your way and you start to lose, the losses you will suffer will be small and there will be no need for you to chase your losses, as you know very well that you will have the funds to pay for all the things you need in order to keep your home running as it should, however something so simple is beyond most people and they only realize this once they have suffered massive losses.

It is indeed that the person who is chasing losses in not in his proper mind set.  It is highly possible that he is engulf with worries that he will be lacking fund in the next day so he tried his best to recover his losses that ends up losing more money to gambling.

No matter how much we had lost in gambling we should cool our head and retain our sanity because chasing losses is proven to be devastating especially when luck isn't in our side.

Yes, you are not in the right mindset because all you want is to get back the money you lost and in this situation, your money will be used up especially if you rush into the actions you are doing. We are talking about gambling here, it is difficult to recover the loss when it comes to gambling. That's why it's called gambling because we don't know what will happen, we just hope for luck. So let's think carefully, be calm in any situation so that your money doesn't run out. Because if you rush and anger dominates you and you don't control your emotions, you will just run out of money.