Topic: Dangerous chasing losses - page 6. (Read 2613 times)

Chasing losses is a regular occurrence that happened with most gamblers, I also experienced it when I was a binary option trader it's a gambler nightmare and indeed a very bad habit at that point most gamblers can't control their emotions, however now  personally I funded my account with the amount of money I can afford to lose out of my monthly income and once that fund has been expended that is the end for that month, though later I was able to control that habit unfortunately it has dealt a big blow to me on several occasions, now once I pick my accumulated bets and stake with a small amount of money I wouldn't bother again whether lose or gain.

But that's normal, if you come as a newcomer who is inexperienced, such things are absolutely felt by newcomers.
Most people who gamble are also like you that does not apply only to newcomers. but also applies to old gamblers who have not realized what they have done like you, it's good that you can stop doing it and no longer chase losses. If you are still doing the same thing maybe it will worsen your situation, there are also many people who cannot stop it so they sell all the assets they have and even sell their own homes to gamble because they want to get a big win that can cover the losses they feel.
Just make lessons and experiences for the future don't be like that again, but that's your right, we can look back but it's not recommended to repeat.

It's not that easy, once a gambler starts chasing their losses, they don't keep a limit for stopping and they keep doing it until they either lose all their bankroll or manage to win one bet and recover the balance. People often recover their losses initially because it's not impossible all the time, but they make the mistake of trying that more than once which is where they trap themselves and they eventually experience a loss streak that doesn't let them win any bet and takes all the balance away.

So, the best thing is to just let go of the bet that you've lost instead of doubling your bet after every loss and trying to recover the whole balance because that doesn't work all the time, if it did, no one would ever lose money in gambling and everyone would successfully recover their losses and keep winning from casinos and casinos would eventually go bankrupt.

Chasing losses carries a big risk and if you insist on recovering your losses it means you also have to be prepared to lose more money because it is difficult to recover the money you have lost in gambling.
and of course there have been many victims who have experienced something like this, therefore we can remind each other here that chasing losses will only increase those losses and as you said, this will probably lead to gambling addiction because they have the aim of recovering their money by placing hopes of the remaining money they have.

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It cannot be denied that chasing losses is definitely difficult to comply with the budget that has been set, but if we don't chase losses and let go of the money we have lost, we can easily comply with the budget that has been set because our goal is just to have fun.

Simple as it is if we only follow that principle, there's no excess amount that we lose and we can end the session without any regrets, since we allocate that money for our gambling activities. Win or lose we can move forward and we can go forget the amount that we lose, unlike when you don't have that control which most of the time you will try to add more since you wanted to recover and the outcome most of the time is not in your favor and it will add more regret since there's an additional amount that you lose.

The important thing is that you know what your gambling limit is; if you don't know, your casino balance will be depleted, that's for sure. But if you enter a casino, whatever amount you gamble should be the only amount you can use on the day you gamble.

Because of a simple thing like this that we can do, for sure we can prevent losing a large amount, because that's the only money we carry for our bets here in casino gambling.

It is a real problem that is typically ignored. Many people get caught up in a cycle of loss and hopelessness because they want to win quickly. You're totally right that newbies are especially at risk. People who are inspired by others' rare wins think that gambling is a quick way to get ahead, but they don't realize how rare such results really are. We are heading for trouble with this skewed view. Knowing that gambling is just a form of fun with risks is the key. For control and reasonable goals, knowing this can help. Gambling should be approached with a clear head and an understanding of the high likelihood of failure. Maintaining awareness can help avoid chasing losses, which worsens the issue

This does not surprise me at all because  I have been in that situation before. My case was even worsened by the fact that I increased the stake hope that one win will cover all the loses. It was as if I was under a spell; I continued gambling until I drained my account. I don't mean my gambling account but my bank account because because I was making deposit after I lose everything in my gambling account.

Chasing losses is not a habit a good gambler should have, it does not always end well. I learnt the hard way and ever since I stopped it, I have made remarkable improvements in my gambling.

Trying to recover losses seems to have the unintended consequence of making you spend all of your money on gambling before realising how foolish you were. The majority of people who attempt to recover their losses always end up losing further money. Few people will be successful in making up for their losses, and this is not common. If your goal is to recover your loss back, addiction is inevitable. When you bet and lose, you'll be irritated and driven to win back all of your losses. Some people will ultimately increase their bet since they believe they can quickly make their money back.


If you are trying to win back your losses, even if you have a budget before visiting a casino house, you will find it difficult to stick to the budget, because you will do everything possible to win back your loss, the only time which you are going to stop gambling is when you discover that you have nothing left and their is no way you can keep on gambling, some people might end take a loan to gambling hoping to pay back if they can win, and some people will sell properties hope if they can win back all they have lost, they will be getting something better for themselves.

Chasing losses is a common behavior where individuals try to win back money they have lost by increasing their bets. This behavior is driven by the belief that a subsequent win will offset previous losses.
There are several emotional reasons that drives it.
I think the most important is Escapism.

This means that the pursuit of recovering losses, can serve as a form of escapism from the negative emotions associated with financial setbacks. It is a feeling that you escape or distract yourself from real-time problems.

Next time you will be sick, you will feel again the need to gamble, so don't do it!

Or do it but take it easy and set your limits beforehand...

You are lucky because when you make the final deposit you can recover the losses you have incurred, imagine if at the final deposit you had to experience a loss again then you can be sure that you are not feeling pleasure but frustration even though basically your goal in gambling is just for fun but it seems like the goal This suddenly changes because you don't control your emotions well when you lose, giving rise to a desire for revenge by increasing your bet and making deposit after deposit. Fortunately, your game doesn't end up losing everything.

Many things must be learned to avoid or reduce risk, because by understanding or learning related things it can minimize the losses that will be experienced, so they will not lose large amounts of money.
Why can you say it is profitable in the end? Do you guarantee that those who chase losses will win? I think most gamblers like that only end up losing. Even if they win too, it's not worth the loss they've felt. With emotions controlling everything to be chaotic until they lose a large amount of money of course this is not a good thing but this is something they should avoid when gambling.

Yes, that's one of the impacts because you always overdo it and bring an improper mindset to gambling, I think that means you have entered the real addiction phase if you behave like that in your gambling involvement. Of course that is a very bad condition for you, and I'm sure the impact you feel is not playing around with a lot of financial problems and maybe also with significant mental stress. Yes that's right, it usually happens to beginners and I'm sure you come not to seek entertainment as you should but it seems like you come because you have seen some victories that have been achieved by others or maybe your friends so you are tempted and want to have the same fate.

Lately I think most of those who suffer from addiction are those who have just been involved or entered into gambling, none other than because as I have said above that they come with the wrong mindset and also added because they do not have any experience and never see the impact that happens to other people who have already fallen into addiction. The wrong mindset makes them lose control and of course with that, chasing defeat is always a matter that they think is a good alternative to recovery even though there is no guarantee whatsoever. Of course, the actual fact is that chasing defeat will only cause a lot of problems, so it is important to note that before you enter you must first see what risks are in gambling, because it is clear that usually defeat will dominate more than victory.

That is why we do not need to try to recover the losses we have experienced. Besides that, it is difficult to obtain, and we will experience an even bigger loss, and it could exceed the previous loss so that the money we have can be used only to try to recover from the loss. The tendency of gamblers to deposit more money into their gambling accounts after experiencing losses has always been there and this causes them to keep trying to recover their losses. We must not be trapped by our thoughts, which constantly tell us to recover from our losses because we will find it difficult to get the big win.

It would be better if we had a plan to use the winning money that we get rather than trying to get even bigger wins. That will be harder to get because we've already had the big win but we still want the bigger one. And that's where we need to have discipline and an escape strategy so that we can really get out of gambling with big winnings that we can use to build other sources of income so that we don't depend on gambling to make money. That will be much better because we will shift our focus on making money to other places that are more promising for generating income.

Stopping gambling after getting a big win is the best thing we can do because by stopping gambling, we can enjoy the winning money and we can also use it for other things, such as creating a new business with the winning money. We will not try to chase another big win so that we can also avoid more losses because once we experience a loss, we will try to recover from that loss so that it will only give us even bigger losses. So we have to be wise with what we have because we have to remember the purpose of our gambling, where we gamble only for fun and not to make money.

Well, as long as gambling is concerned, there are some things we ourselves must learn the hard way, that is, we do it and based on our own personal experience, we will learn that that thing is not good to do and possibly stop it, but the unfortunate thing is that, such lessons sometimes doesn't come without some losses financially.

Chasing loses is what so many gamblers still practice even till today, for some, it does favor them at the end of the day, while for majority of others, it always end in nothing but much more loses, and as we gamblers, we know not how lucky we will be, this is why it's very important to completely avoid chasing loses, no matter how compelling the feeling to do it is, we must always try as much as possible to be in control of ourselves, rather than allow our emotions control us.

Yeah we both had similar experience on our early days on gambling because in those days whenever I lose a bet I make sure to keep on gambling until I have realized back my money I had spent on the gambling but little did I know that chasing loses is like chasing a shadow that no matter how close you feel that you could reach out to it, in one way or another it will slipped through you, so that's exactly what chasing loses is all about and I learnt from it in a hard way.

Although in other words I love those experience that had during that time because it does not only help me but also guide me on my gambling decisions because is from the experience I realized that chasing loses is the worst gambling strategy to be adapted by any gamblers.

You may do this "sometimes" if you know your limits. Like I understand that zero chasing is not possible for some people but at least limit yourself and don't do it every single time. I think it would make sense if you did it very rarely, that way you could say that you have seen what harm chasing losses has made for you and you would try to avoid that, it does make sense in a logical kind of way.

People who can sense what harm it could do without actually doing it should avoid it completely and I agree with that, but this is for the people who are not entirely certain what it would do, and the amount of harm it can cause, so if those people rarely do it, like once every 3 months, then they could remember the harm and avoid it. This would give them a chance to not chase losses at the wrong places, and wrong moments which would allow them to get better and do it better. I personally hope that it could work for them in the end as well.

I am a person who chases losses until I spend all my savings. It was a bad condition for me. I did that when I was new to gambling. I don't have enough experience yet so I keep chasing losses and increasing the bet so that one win can cover the previous loss. But what I did was wrong, chasing losses made me lose more money. I realized it too late, and only realized it when all my savings were gone. This was a bad but valuable experience for me

They need the balance and the kind of mindset that will keep them away to any form of greed and addiction, chasing your loses most of the time push to lose more, and from that point you may develop bad gambling habits and turn you to become an addicted gambler, better to enjoy if you win some money of when you already lose your initial capital make sure to stop and not to add more money to try recovering back you loses, it's not a good practice, accept your defeats and take as rest to freshen your mindset and recreate a good strategy after.

You've made an important point about the dangerous route of trying to recover losses. This is the "sunk cost fallacy", a typical behavioral trap that is ingrained in our minds. This misconception prevents bettors from putting good money after poor in an attempt to recover losses. They frequently fail to see the long-term risks because of the short-lived thrill of victory

Conversely, you offer wise counsel in resigning while ahead. It's difficult, though, because of the "winner's high," a psychological condition in which an imaginary feeling of invincibility is fueled by previous success. Discipline and a predetermined escape strategy are essential in this situation. It is imperative for gamblers to acknowledge these psychological undertones and act in opposition to their natural tendencies