Dangerous chasing losses - page 23. | Bitcointalksearch.org

Accardo

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Quote from: Wiwo on October 25, 2023, 04:48:58 PM

Quote from: Wakate on October 25, 2023, 02:06:19 PM

I could remember the casino I started using not quite long that almost made me to chase my loses although I could see that it does not worth. I had no option than to leave the casino and not bet there for about few days before I decided to back and start gambling on the casino. The kind of winnings I had was very surprising to me because I never thought I could make such consistent winnings.

I think if everyone take this kind of decisions when they noticed that they are becoming addicted or having too much loses, it is good for us to leave gambling for a while that the loses will not affect our emotions if we continue to bet with any plans or taking a leave or rest for a while.

Yeah, that is the best thing to do, whenever you feel that you are going too much in a particular direction, then you need to take a break in between because your continued it may have lead you to more losses, this is not peculiar to only you, but so many of us here and that is why you need a lot of discipline to be able to stay at a safer place while gambling.

Having a limit in gambling is like setting a stop-loss timer on your trading feature this will help you to stay above the tendency of going over the board looking for what you may not be able to cash up with at some point, so giving the break becomes the best way to stay at safer zone.

Things like this, most times, are beyond our personal control. Gravity can be used to classify such behavior. When gambling makes us happy we'll gamble until it starts getting us sad and terrified. Then we begin to chase losses like OP. Assuming he didn't follow up his loses, though risky, he may not have earned profits. This made me think of how uncertain gambling can be. It works differently for everyone. Gambling is risk. Most people may have lost a lot in gambling, due to second thought, they stopped gambling then tried again to be welcomed by big wins. It may no work similarly for others. That's why no specific method can be used to win continuously in gambling. OP is an example of a player with a weird gambling experience. They're times we gambling so much, and begin to wonder, what we've done to our self. And boom, a win that shuts us up, maintains the news, and makes us not to feel like to gamble again. It could be as a result of what a person wants to gain. Or feel about gambling. If they don't stand strong against peer pressure, they'll definitely go back to gambling. While I support giving gambling a sustainable time for rest, I don't agree with the win and run technique. As it could be stopping the player from winning on the next game.

Sandra_hakeem

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Goodnight, ohh Leo!!! 🦅

That's the last thing you'd wanna repeat again bro ... Shit doesn't end well.. when you try to amend and get Back your stakes atleast, you lose the more.. This definitely means you didn't Carry out any gambling routines cus if you did, you would have had a specific amount from your bankroll to wager with, for the day...
It's appalling and very much concerning how you'd wanna conserve your money, but you need to waste them first.. lol

Sandra 🧑‍🦰

Silberman

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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.

This is a good example of an average gambler losing control of their emotions and betting way more than what they can afford to lose, fortunately you avoided the worst outcome by earning a little bit of money out of this experience, but things could have easily go against you and your losses could have been very high, it is because of this that every single gambler needs to be very careful even if they know they have no gambling issues, as all what is needed to accumulate huge losses is for their self-control to fail them once.

rhomelmabini

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Well, I think you can afford to lose that in the first place but lesson learned you don't have to chase losses that way. Imagine if you've lost all that a $2k bankroll is really huge to be lost in just a day especially if you are not that of a whale.

Casdinyard

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I would've understood if you stopped after placing a 250 bucks deposit but you went for it and actually deposited even more money in the next run, that's a new level of ballsy and stupid if I do say so myself. Chasing losses is the biggest reason why people get addicted to gambling. They always think that somehow sometime as long as they keep playing, they'll get their big break and actually be able to win whatever money they lost which is so far from the truth. Glad that you easily found out about it and stopped when you still have the chance to do so. Imagine if you just lost that 1800 bucks, how devastating that would be to you and your mental lol. Take care and never gamble belligerently my friend.

Wiwo

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Quote from: Wakate on October 25, 2023, 02:06:19 PM

I could remember the casino I started using not quite long that almost made me to chase my loses although I could see that it does not worth. I had no option than to leave the casino and not bet there for about few days before I decided to back and start gambling on the casino. The kind of winnings I had was very surprising to me because I never thought I could make such consistent winnings.

I think if everyone take this kind of decisions when they noticed that they are becoming addicted or having too much loses, it is good for us to leave gambling for a while that the loses will not affect our emotions if we continue to bet with any plans or taking a leave or rest for a while.

Yeah, that is the best thing to do, whenever you feel that you are going too much in a particular direction, then you need to take a break in between because your continued it may have lead you to more losses, this is not peculiar to only you, but so many of us here and that is why you need a lot of discipline to be able to stay at a safer place while gambling.

Having a limit in gambling is like setting a stop-loss timer on your trading feature this will help you to stay above the tendency of going over the board looking for what you may not be able to cash up with at some point, so giving the break becomes the best way to stay at safer zone.

knowngunman

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Quote from: Wapfika on October 25, 2023, 11:55:13 AM

I feel the real intensity of my mistake after I withdraw my funds. My hand is shaking and I think my flu come back again due to intense game. I just recently received my yearly bonus and other incentives at work that’s why I’m very confident on playing huge amount.

I can’t imagine what will I deposit when I still lose my 1800$ because I still have remaining balance on my bank account this time. I learned a lot of lesson today. Even a casual gambler can still commit a mistake like addicted gambler does when in dire situation. Angry

The good thing here is that you have already realized your mistake and you learned the lesson. Chasing losses can be really dangerous because it can lead to even bigger losses and can be very difficult to stop. Gambling should always be done in moderation and only for entertainment purposes. You intended to gamble for fun initially but the idea changed immediately you lost the first deposit. I would advise you to take some break as you already decided. If you're feeling bored or lonely, there are lots of other things you can do to entertain yourself.

Your case is another proof that idleness is one key factor that promote reckless and irresponsible gambling nowadays. You wouldn't have ended up gambling if you were to be busy with work as usual. Even as an addicted person, if you are busy all the time, it will help to reduce your addiction and the lesser time you have to gamble is the higher chance you would be free from the addiction.

Finestream

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Quote from: Oshosondy on October 25, 2023, 11:47:24 AM

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

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.

You are indeed lucky, because this is just the way people start to gamble with small amount of money and later go for bigger amount like your savings or all the money that you have with you. What will later end it is the person finding himself that he got no money again as all has been used to gamble. Just quit gambling for now to have a better mindset. Do not go more than your gambling budget anymore, because you are lucky today, tomorrow may be very different.

It's normal for gamblers to lose as long as the amount is manageable to lose. But in your case OP, if it weren't you're lucky, then you must have lose a huge amount only in just a blink of an eye. Good thing you realize immediately that gambling will never be good enough if you keep on chasing even small losses. But I agree to what Oshosondy has said, you have to take a break from gambling at the moment because what you have experienced is a terrible one. You can manage your loss at the moment but I don't think you can still be able to do it the next time you gamble.

Gamble for fun and not to earn profits or chase your losses. Otherwise, if your mindset is like that, then you are not doing healthy gambling anymore as you get more attached to chasing your losses than to just simply enjoy and have fun when gambling.

Weawant

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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.

You were really luck you recovered and aswell made some profit out of the game you further played, but then you mentioned earlier that your intentions were for fun, then how it later turned into you chasing your losses is funny because if it were for fun you wouldn't have to chase losses, I think you gambled at leisure and so it wasn't long the fun was lost.

When next you want to try gambling, that is if you eventually give it a second taught, don't try to chase your losses els you may end up loosing even more, if you want to really enjoy the fun that comes with gambling, stake only what you can afford to loose at a time and not staking so big because you intend to make more money, that way you may have to chase your losses if the game turns out against you and very importantly gamble responsibly. You were lucky to recover next time you may not so don't chase your loses.

mvdheuvel1983

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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 reflect on what dumb thing I do today.

I like your introspection and honest self reflection. It shows that you are a responsible gambler. You should take it easy on yourself. We tend to get carried away and the result is what you have just told us. You think you need a break from gambling? Then take it. You think you need a gambling partner to put you in check , keep tabs on you with regards to your gambling activity? Get one. Please do whatever is necessary to make sure that there is no repeat.

Fortify

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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.

If you're in the wrong mindset or even distracted by things like illness, it is very easy to make mistakes while you're gambling. However you also need to make the distinction that in some games, like those offered by casinos, they are engineered so you are the loser over longer time periods and they use a lot of powerful psychological trickery in order to get you to empty your wallet. Do not be ashamed when you lose, it is a mathematical certainty if you play for long enough, just take it as a cheap - or in your case expensive - lesson. Write off the amount you lost in your mind and do not dwell on it, however to avoid feeling stupid again you should probably cut yourself off from gambling for a long time in such situations.

sokani

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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.

You're really lucky mate. You got balls, each time you blow off your bank roll, you just kept increasing your deposit hoping to make a break through. That was crazy and I'm happy that you were able to recover your losses. One of the donts of gambling is never chase your losses and on so many occasions it does not used to turn out well for gamblers based on their state of mind, as they are most at times gripped with fear and doubts. I also like the concluding part of your statement, you really need a time off.

Dunamisx

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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.

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.

The more we are chasing after the looses we had while gambling the more it becomes a mirage to us and we dare not achieve such no matter how desperate we are, it has always been said that we should gamble with the amount of money we can afford to loose, it's a pity that the more you're chasing after the loss the more it keep accumulating, gambling is actually tempting if we are not cautioned, we can continue in such manner before realizing we've gone too far.

topbitcoin

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Quote from: Wapfika on October 25, 2023, 11:55:13 AM

Quote from: Oshosondy on October 25, 2023, 11:47:24 AM

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

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.

You are indeed lucky, because this is just the way people start to gamble with small amount of money and later go for bigger amount like your savings or all the money that you have with you. What will later end it is the person finding himself that he got no money again as all has been used to gamble. Just quit gambling for now to have a better mindset. Do not go more than your gambling budget anymore, because you are lucky today, tomorrow may be very different.

I feel the real intensity of my mistake after I withdraw my funds. My hand is shaking and I think my flu come back again due to intense game. I just recently received my yearly bonus and other incentives at work that’s why I’m very confident on playing huge amount.

I can’t imagine what will I deposit when I still lose my 1800$ because I still have remaining balance on my bank account this time. I learned a lot of lesson today. Even a casual gambler can still commit a mistake like addicted gambler does when in dire situation. Angry

Yes although we basically if we are adrift and have a sense of revenge or ambition to want back what we have lost in the casino it will make ourselves further in to continue playing, and consciously unconsciously it will make us lose control of ourselves sir, everything you have ever built principles in your gambling, and I am quite sure that you have been in the position of being a responsible gambler before, but certain situations you lose that principle that makes you lose more in gambling.

I think this is a normal thing to happen, inconsistency in your own mindset will make you lose so much money, but I am grateful that you feel you can get a lesson on this issue, and I think it will be your hardest blow this year, I hope you can really be more mature in deciding something especially in gambling, you must be really wise sir.

Stop gambling for a while, if you want to survive, and stop having thoughts that you want to get the $1800 that you have lost in gambling today, you should also be less active with the internet and focus more on your health.

Wiwo

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Quote from: Agbe on October 25, 2023, 02:36:04 PM

Chasing loss in gambling is not really good because at the end you might loss everything you have. And that is the mindset of many gamblers. They think the their next game will give them what they have loss from the previous game and they loss out again and bet or play again until everything in the pocket or in the wallet is exhausted before their eyes always open to see and their brains open to understand that they wouldn't used all their money for the gambling or they wouldn't chase the loss. chasing loss is not always a favourable thing to do.

Yeah bro and not just losing everything that you got, you may slide into gambling addiction if you chase loss too much, and the same goes also to chasing the winning, it goes both ways and gamblers need to be aware of that, at some point, you have to really rely on and walk away regardless of what the result is for the day.

In gambling one needs to accept the fact that, regardless of what direction the game goes, it is most important to always take a break in between to be able to get most especially likely a weekly break and take a fresh breath and cool off before coming back to gamble again.

Oilacris

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Quote from: swogerino on October 25, 2023, 02:43:26 PM

It is very difficult to not chase loses at first time,it takes experience like that James Franco meme here described it extremely well so it will be learned with the passing of time.It is not easy as I said as I apply this logic,from the money I intend to deposit to play I think what other can I do with them and this leads me to only deposit 20% of the original amount and the other I use for other purposes,this makes me not care much if I lose or win and it is one of the best strategies to not chase loses.Yesterday I played Wild West Duel from Pragmatic and kept buying the Beer Game bonus which was generous at first and then greed got me and choose Lost Relic bonus,high cost 400x bet compared to x100 of Beer Game and lost it all in an instant,yet I did not chase this type of loss as I only played a small amount.This can be applied by anyone else.

Really totally depends on the control and the discipline towards you as a gambler or lets just say as a person on which you would really be that able to stop completely or wont really be doing such thing if you are really just that simply having that kind of control towards self and its true that having experience does contribute on having that kind of capability when stopping out midway.
Chasing losses is never been that good on gambling on which house do really always win at the end or lets say that you cant think off clearly if you do really make yourself that
become impulsive on which it is really just that resulting that you cant really be able to assess on the situation and making you that cant think off clearly on what are the
things that you would really be needing to do and since we are talking about gambling then chasing losses is never been that ideal at all.

CryptoHeadlineNews

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

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.

Lucky for you, at least you were able to recover all your losses and an extra $150 as profit while gambling, which i'm sure all these wouldn't have been possible had it been you never took a higher risk after all the losses by depositing that last $1800 and rollover which enabled you to recover all losses plus profit. So please in case of next, don't forget the reason why you decided to gamble (i.e fun), and as such don't let emotions be your deciding factor, which is very obvious you allowed your emotions to have control over you after many losses with your multiple depositing of high funds, and remember that gambling is just like a double-edged sword, where you likely to win or lose, and as such gamble with the fund you can always afford to lose.

swogerino

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It is very difficult to not chase loses at first time,it takes experience like that James Franco meme here described it extremely well so it will be learned with the passing of time.It is not easy as I said as I apply this logic,from the money I intend to deposit to play I think what other can I do with them and this leads me to only deposit 20% of the original amount and the other I use for other purposes,this makes me not care much if I lose or win and it is one of the best strategies to not chase loses.Yesterday I played Wild West Duel from Pragmatic and kept buying the Beer Game bonus which was generous at first and then greed got me and choose Lost Relic bonus,high cost 400x bet compared to x100 of Beer Game and lost it all in an instant,yet I did not chase this type of loss as I only played a small amount.This can be applied by anyone else.

Agbe

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Chasing loss in gambling is not really good because at the end you might loss everything you have. And that is the mindset of many gamblers. They think the their next game will give them what they have loss from the previous game and they loss out again and bet or play again until everything in the pocket or in the wallet is exhausted before their eyes always open to see and the brain open to understand that they wouldn't used all their money for the gambling or they wouldn't chase the loss. chasing loss is not always a favorable thing to do.

tjtonmoy

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Gamble only what you can afford to lose and never chase your losses. Also, gamble responsibly. That's the basic rule of gambling. Not the only rules but in order to explain I am focusing on those rules specifically. What you have done, is a terrible mistake that a professional gambler should never do. It is bad for starters too. Gambling is best on luck. You may win or you may lose. And in a place where your skill doesn't matter and won't improve your gambling luck, chasing your losses in a situation like that is foolish. You have made some losses and some wins, but the losses were higher.

When you gamble using your money, consider that money already gone. Gambling is for entertainment only when you don't stake money that you can't afford to lose. Whenever it comes to money, it does not stay as an entertainment. It becomes an addiction for making money or recovering what you have already lost. I hope you never make the same mistake again.

Topic: Dangerous chasing losses - page 23. (Read 2613 times)