Topic: [DISCUSSION] How to overcome a big loss in gambling? - page 2. (Read 1019 times)

Majority of gamblers are one point of time in their gambling experienced have lost a lot of money,it could be in their newbie days or on the days that they cannot stop or keep the urged to continue gambling, but a responsible gamblers knows what are the right thing to do, to continue living life while gambling, you cannot prevent losing money from gambling but learning how or when to stop is the way to prevent those losses.

The first time we gamble, we can allocate the amount of money we want to use for playing gambling. But as time goes, sometimes we forget about limiting the money, but we deposit again because we feel too have fun and we want to try to win the games in the next round. That can make us lose in more money, and sometimes, some people cannot accept their loss, and that will make them feel too sad. Not all gamblers can overcome their big loss because many of them will feel desperate and sad, but that is because of their fault.

Gambling industry is so profitable just because of this kind of characteristic of most gamblers.They do keep coming back in spite of their losses.

They do try to play again and thinks that they can able to break even on what they have lost which is totally a wrong mindset to have specially if you do deal with gambling.

Overcoming will simply means that you should move on since from the start.Dont chase on the amounts on where you do already expect for it to go in house wallets.

Allocate the amount that you are willing to be gone and you wont really have that chasing mindset.

That's where most gamblers are making a mistake as most of them will go back after a huge loss.
Trying to recover their losses is what they aimed, but most of the time, it will incur more losses on their end.
Take a break, do something aside from gambling and think of other possible sources of income to replace what you have lost.
Getting too emotional in gambling will give you more problems than what you already have.

Rule Number 1: After a huge loss, take a break. There is always a temptation to try to recover the lost funds and the decisions one might make may be irrational because they are focused to recovering the money.

Gambling for fun rather than as a source of income also avoids any pressure or stress that may come up as a result of a huge loss. When one is gambling for fun. They are in most cases doing it with money they can afford to lose.

You get the point and know it well, mate. Yep, trying to chase losses will lead to more losses. By chasing losses, you probably try to put bigger and bigger your money in the gambling games. You won't realize it during playing the games, but after all your funds have gone, you will regret it. This must be a warning for us to not force our selves in gambling.

Thanks for suggestion!
When you are never winning for your entire game, definitely the gambling site that you are playing is not genuine. I believe that every gambling site has their own calculated algorithm in order for the players not to win for every game. That's why a lot of players are losing than winning in gambling.

---

We need to be cautious in playing. We are risking our money here without assuming of ROI.
If you are continuously losing the game, stop playing. Because it might not a problem of your strategy but it is a way of a gambling site to deceit players.

Not all gambling site are transparent, that's why we have to conduct a research before depositing our money.

It's not that most gamblers don't want to put a limit I think it's about maintaining self control because even though you have an initial plan to not go over the limit it's very easy to abandon the plan and deposit again when you're continuously losing. Sometimes I myself get carried away as well (for example if there's a promotion that involves betting) the hard part is to do it consistently.  

The only way that I usually do whenever I lost from gambling is to play online games, whenever you lose you should do something that will make you happy so it would overcome the sadness from being lost. Just like me I always play online games whenever I lost form gambling because online games make me happy I am comfortable saying games. The second thing that sometimes I do is to have fun with your family, your family is really a great remedy for you, whenever you get sad, just communicate with your family. Our family is one of our reason why we are living, why we are doing work, so they know how to handle our emotions whenever we are sad at the moment.
Well said, if we don't know how to control our emotions. It would be bad for us. For example, when you are playing and getting lost, you won't think other ways to win the game or strategies because you are so sad about what is happening.

Losing 3000 dollars in a single night is simply too much, even if you can afford to lose that kind of money from time to time it is simply not the right especially when bitcoin casinos offer you the possibility of betting with very small amounts of money, such a loss without a doubt will come from a lack of control in your gambling or because the person is using a strategy like martingale which requires you to double your bet after each loss and just after a few losses your bet size grows to the point you lose 3000 dollars.

Actually this is quite helpful to overcome greater losses in gambling. Limiting the money that will be spent on gambling is one of the suggested efforts to overcome it. I dont think that all gamblers will always think of losses when gambling because they all have different goals. Losing and winning in gambling is a natural thing and it is a risk for the game.

But even though everyone has different goals, it would be better if we can limit the amount of money that will be spent on gambling to protect ourselves from greater losses. I think this is a smart mind, its just that not many people want to do it.

It's very important that you only play with money that you can afford to lose, if you use hard-earned money or money coming from your savings you are tempted to try to recover it by betting more, and this is where the problem starts.

You must realize that it's hard to win against gambling, once you put your savings here there will be a point of no return, just enjoy the game and gamble with excess money that you allocate for entertainment.

It is inevitable to have a big loss in gambling. If I would lose that kind of amount I'll just move on and don't chase to get it back again. I'll just enjoy my future games. Gambling is all about luck in the first place. I'm a resilient type of person so I don't dwell that much on failures or disappointments.

Losing up $3000 on gambling wont really be easy to forget but if you are rich then this would be just a piece of cake but if this one is a emergency fund or used for living then you would outrage.

Overcoming is the biggest issue on most gamblers because not all would easily accept their fate or current situation which would either end up on doing something bad neither they do lost of control inside of the physical casino if they play physically or they would smash up their pc if they do play online just to ease the stress and anger that they do currently feel.

If you dont like to experience such problem then its better not to play on the amounts that you cant afford to lose.This sound too basic and been suggest or advised for countless times but people never ever learn
until they experience unfortunate events.

They would most likely stop when the time comes that they dont have any money more left to bet or they are already on big debt.When do gamble then losses is always been a part thats why its important to play
that you arent really aiming on making money but only for just the sake of fun.

I do think one should take a break from Gambling if they have suffered any huge loss.

If you suffered a loss that could mean :

1. Either the site you were using wasn't 100% transparent and real .
One should always check their spam records . Not every site is going to give you equal probability of winning.

2. You are not calculating your own money and risks properly. One should take into account what they earn , what they should save and what they should use for Gambling.
-I always use the 50% rule .
 50% of what you earn you should save , rest 50% you should actually use for your daily activities , 10% of that you can use in Gambling.

See Gambling is like this age old tradition which is not something which should be abused . In moderation it does have many benefits. I have seen people win *100 times their investments. Just be careful and choose your gambling investment sites carefully and research .  
_________________________________________________________

I do think some things that can benefit you in this case might be :

1. Check if the rules of the site are fair .
2. Save up ! So that you can have a stable bank account .
3. Learn from the experience of others and yourself too .
4. Do not use all of your money in just one bet , split it up so that you can minimize the loss .
5. Mentally prepare yourself for everything

When I get emotional I use this gif and I try to synchronize my breathing on it to help me to calm down.

There is so called "bluffing" in poker. Most of dominated players do that and I think that is one of the best example that we use also our strategy in gambling. Yes, you have to be lucky but strategy in playing is require.

Don't just depend upon our lucky because if you play without a strategy is just giving your money in casino for free. So I agree with this opinion.

Gambling is not only based on luck, but some gambling games do also have strategies to win the game. Even it's a simple strategy like bluffing or counting the probabilities, it can turn the table that will change the current situation of that round. So at some part, analysis to make improvement is a good thing, to review your recent match and avoid those things that make you aggressive and lose the game. Having analyzation on your matches will make you realize what're the dos and don'ts in the game. Even in dice, you can predict the outcome by analyzing the flow of the algorithm, the number of bets, and players because sometimes your mind always take those as a basis to define your next bet.

Exactly, gambling is based on luck. This is not trading or investing to make analysis what did you do and how and what went wrong and what to make different next time.
In order to avoid losses is gambling selfcontrol is needed and control over your funds that you gamble and control over urge to try to recover loss immediately after happened by continuous gambling. In fact it's quite simple if the gambler is disciplined.

In gambling, where the most things depending on your luck, there no much to "analyse".  And this is if we are talking about some games with strategy, like poker. But in such games like "dice", there nothing what you can analyse. Only one moment: that you shouldn't play this game