[DISCUSSION] How to overcome a big loss in gambling? - page 6.

chaser15

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Quote from: Nellayar on May 27, 2020, 08:12:20 AM

1. Manage your emotion

Don't overstress yourself because you have lose a big amount of money. You can't rewind everything, so the best choice is to calm. If you stressed yourself with your great loss, it can lead to depression. And all of us really know what will happen if you can't control it. It's a mental health problem that you should manage.

I'd rather overstress myself. Why? That's the time I can test how far I can bear my losses. This can't be avoided so I will face the wrath of being a loser.

If I can't overcome my stress, then I'm not supposed to be a gambler after all. But if I succeeded, that's what I can be called I manage properly my emotion.

Quote from: Nellayar on May 27, 2020, 08:12:20 AM

2. Don't pressure yourself to regain your loss

I know that I am not the only gambler who experience this. After a loss, I am always want to regain it causing for another loss because my mind and emotion become aggressive. If you lose that day, shut it down temporarily because all of us have bad luck days. And I do believe that luck is essential in gambling not only your strategy.

Like for number 1, I will pressure myself to chase for losses until my wallet is empty. I will now feel the negative effect of forcing to chase my losses.

That was a good experience that will lead me on not doing it again the next time since I already know the feeling.

The bottom line for me, for a gambler, it's better that we all feel the negative effects of doing gambling rather than to make it perfect. Without these bad experience, we will never learn.

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Among on the list mentioned then these are the things which should most gamblers need to look on;

1. Manage your emotion
2. Don't pressure yourself to regain your loss

When you do deal up with gambling then this will be your primary enemy when you do lose money along the way where you would surely
burst your emotion since we dont like to lose.Right? and thats what #2 would set in when you are already on anger or being too desperate
then thats the time you will chase up your losses.This is its important to control your emotion because what comes after that will be
actions that would really lead up into more problems.

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"Prevention is better than the cure", so don't give a chance for yourself to lose huge money in your economical status.At first why you are playing with such amount if you can't afford to lose them.But once it happens then just accept it or else you may do more harm to you, just move on.

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I do agree with #1.

It's about the emotion because losing your calm will make you do the YOLO thing. You will become unstoppable to the point that you're not thinking anymore of the consequences that might come with your wrong action.

Managing the emotion is included in the acceptance of temporary defeat.

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First you need to understand why a big loss hurts you so much.
The answer is simple - you play for the money to which you are emotionally attached.
You need to clearly understand before the game that the money that you take with you is no longer your money.

This money can be easily lost.

Thus, you should let them go from the very beginning, and treat the gain as a successful combination of circumstances, and the loss as a completely obvious combination of circumstances.
When you have no expectations, you have no frustrations when you lose.

Always ask yourself: "if I can afford to lose the amount that I play" - if the answer is no, you should probably finish today.

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@Nellayar I believe the most important and basic thing to avoid the stress caused because of losing is to gamble with the spare money you are willing to lose. If you are gambling with your spare money even if you lose, you won't feel any stress. Stress strikes only when you lose money which you cannot afford. The money which you can't afford to lose should never be used to gamble.

DoublerHunter

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^ Most of the gamblers that can read this article will definitely appreciate you because everything that was mentioned can really help people who have undergone the same experience like depression and be able to cope up and recover from any negative emotions they are suffering. The article can also help anyone who might possibly suffer severe effects on the outcome of gambling. To add something about the article that might also help is by knowing your limitations in gambling prior, during, and post, we should all be aware of when we need to end gambling or until when we can continue gambling.

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Quote

3. Turn your attention in other activities

We need a new refreshing activity that will unwind our feelings. Get up and have some fun activities because you will gradually recover. I don't know if it works with other but everytime I have problems in my computer or I lose money in gambling. I stay away from it in few hours, I play basketball and other stuffs. After that, I conclude and realize some of my mistakes and how can I come in solution.

If you just in front of your computer even you do some stuff, there is always temptation that you need to play more. And if that so, number 2 in the list will happen.

Its like giving yourself a time to clear you mind first of what just happen and then come back equipped with solutions in mind. I have several problems myself that i encounter online specially the jobs I get on job sites. I tend to read some tutorials and when nothing gets into my mind, I will first go out, talk to some friends or take a coffee break outside.

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All the tips that were mentioned above by the OP are true and could really help everyone who plays gambling.

In addition to that acceptance is also a key in overcoming big loss in gambling, if you are able to accept all the pros and cons equals the consequences of gambling then you may not even experience depression in the end for you will always be prepared on the outcome of each gambling session.

For me, I'm not a big fan gambler though I find gambling really entertaining but when I enter either online or physical casinos I'm always prepared for the outcome win or lose I will never think that it could possibly be a passive income to me somehow as I always do it with limitations that will not hurt me at all if I lose at the end of the day.

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Quote from: Tipstar on May 27, 2020, 11:01:48 AM

And don't keep a tab of your loses. The coins you lost are gone, don't pressure your gambling habits including them in your gambling balance sheets. The coins you lost in 2013 are not equal to the same coins now. Don't keep on looking your past bets but come to your base bet. When you gamble, make a bankroll according to your bankroll and never exceed it. Even if you have money, you need to stop your martingale if it goes above your gambling budget.

I think that having the balance sheet of profit and loss in gambling is necessary unless you are just occasionally gambling and that too was just for pure fun. Then it is fine as once a while you gamble and for fun, so you are always in a limit. But if it is regularly and also to make money out of it, one should know the status every month end if you are more on the losing side or making any profit as well and accordingly need to take further steps. Also have seen people after they are realizing their losses once they keep a track, they decide to quit from gambling daily.

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Quote from: Pmalek on May 27, 2020, 08:25:34 AM

Your example isn't over exaggerated. I know and have heard of local people from my immediate surroundings who are real sickos when it comes to gambling. The first thing they do when they pick up their paycheck is going to the casino. What remains is spent on food and essentials.

An old acquaintance of mine gambled away his father's private business on poker with people you shouldn't mess with. A man I don't know personally, but have met a few times in my life, lost his restaurant, apartment, marriage, and his family because he valued Slot machines more than anything.

The unhealthy approach of gambling with money and things you can't afford to lose leads to irreversible actions. Once people understand that gambling should be a fun periodic activity, they'll be better off.

Events like that are not very common because most people are able to control how much they gamble, but once you have become addicted to it you're going to do everything to keep playing and if that means sacrificing everything that you have then most addicts will do it, in my opinion one of the easiest ways to avoid this fate is to set up a weekly or monthly budget to your gambling activities and once that money runs out you exercise the needed discipline to avoid gambling with the rest of your money, if you can do that then you will never have to regret or to overcome a big loss when you gamble.

Tipstar

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And don't keep a tab of your loses. The coins you lost are gone, don't pressure your gambling habits including them in your gambling balance sheets. The coins you lost in 2013 are not equal to the same coins now. Don't keep on looking your past bets but come to your base bet. When you gamble, make a bankroll according to your bankroll and never exceed it. Even if you have money, you need to stop your martingale if it goes above your gambling budget.

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Quote from: Nellayar on May 27, 2020, 08:12:20 AM

Let assume that you lose worth of 3,000 USD in gambling.

1. Manage your emotion

Don't overstress yourself because you have lose a big amount of money. You can't rewind everything, so the best choice is to calm. If you stressed yourself with your great loss, it can lead to depression. And all of us really know what will happen if you can't control it. It's a mental health problem that you should manage.

Managing that Big loss is not that easy specially if the money involved is from your daily living and not a excess money to spare for gambling,this will surely ruin your life if does happen because your family will blame you and the pressure is always there.

Quote from: Nellayar on May 27, 2020, 08:12:20 AM

2. Don't pressure yourself to regain your loss

I know that I am not the only gambler who experience this. After a loss, I am always want to regain it causing for another loss because my mind and emotion become aggressive. If you lose that day, shut it down temporarily because all of us have bad luck days. And I do believe that luck is essential in gambling not only your strategy.

This mostly called "Chasing Losses" and the most stupid way for gamblers to deal because the more you eager to win is the more losses will come to you.

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Well write to overcome big loss. But you should know writing proverbs is very easy but it's quite difficult to follow. All humans brain isn't similar cool and fortunately everyone have different structure. That's the main prevention to overcome big losses. When a gamblers lost funds then first thing he set a target to recover his lost fund. If somehow recover then he will be greedy again, or if he lost again then he will try continuously to recover lost funds and that's how peoples become addicted. So it's quite complicated strategy, but I have to admit if someone follow what you wrote then likely its possible reduce loss.

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Quote from: Nellayar on May 27, 2020, 08:12:20 AM

5. Just enjoy your future games

Who cares if you lose? As long as you release your stress. Don't make the gambling as your job, because if you will push to win, you will become greed. Bet only the amount you afford to lose. Just like trading, if you need your money more than you want. Stay away in gambling. If you deposit bitcoin in online casino, assume that it will burn.

This is the most important thing for me to enjoy gambling with full entertainment because I am here playing gambling just to get rid of stress and boredom so I know the risk of what will happen later.

If you lose because you are accustomed to knowing how much capital you have to spend on gambling, I think they are still in control of such conditions except addicts, so if winning with gambling is a fortune when you get rid of the boredom of playing online casinos at home.

Gambling really always makes me happier and doesn't make my main job.

dentolas

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I think that after a big loss you should take a deep breath, and consider it exactly how it is (a loss) and move on, never try to regain the value that has been lost by gambling because this will eventually lead to more loss and complete desperation... a good trick is to think about this loss like when you crash your car and have an expensive repair ahead, or when your girlfriend runs away with your money... you just have to move on and think about other stuff...

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Quote

5. Just enjoy your future games

This is very important. Just like what others said; "Not everyday is your lucky day". I also experienced this, I lost for this day I stopped and take a rest. On the next day, I won and stop because I already in profit. It's like controlling ourselves. That's why sometimes if I don't gamble or I am busy, I am withdrawing my Bitcoins on the gambling website so I will not be tempted to play, it's one of the ways how I handle myself, yet it is effective.

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Quote from: Pmalek on May 27, 2020, 08:25:34 AM

An old acquaintance of mine gambled away his father's private business on poker with people you shouldn't mess with. A man I don't know personally, but have met a few times in my life, lost his restaurant, apartment, marriage, and his family because he valued Slot machines more than anything.

This is the worst experience one could go through and i have only heard about these wrecking machines who goes to any limit to gamble and i usually wonder why would anyone from the family help them get medication for the addiction.

Quote from: Pmalek on May 27, 2020, 08:25:34 AM

The unhealthy approach of gambling with money and things you can't afford to lose leads to irreversible actions. Once people understand that gambling should be a fun periodic activity, they'll be better off.

If you are gambling for fun then it is the most enjoyable thing and you need to have a budget you burn every year, if not gambling will put a hole in your life. I gamble but only spent a limited budget every month and i will not gambling more to recover my losses which is the biggest mistake for every new gambler.

Quote from: Nellayar on May 27, 2020, 09:23:19 AM

Nope, don't underestimate third world countries bro. Gambling makes people craze.

Addiction does not have any limitation and i am sure the global gambling industry which includes illegal gambling houses make much bigger turnover than the mainstream markets. People who are poor might see gambling as a way out of it and might spent more money trying their luck.

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Quote from: milewilda on May 27, 2020, 08:17:40 AM

$3000 amount is either big or not, depending on where a certain person do lives but its unlikely to happen that someone do reside on a 3rd world country would spent out 3k all in with gambling.

Nope, don't underestimate third world countries bro. Gambling makes people craze. The more you entertained the more you want to spend your money and time. I came from third world country, but I can say to you that in my country people are gamblers. I have known people who lose more than that, to take note they did not came from an elite family.

Quote from: Pmalek on May 27, 2020, 08:25:34 AM

Snip.

Just like what I've said, many people are really sick in playing gambling. And if it is habitually do, it leads to addiction. I also have neighbours even right now that gambled their money during lockdown. They don't care if they lose just to feed up their wants. In the end, they have been arrested because they caught in act. It is really a lose-lose situation for them.

It doesn't matter the value that you have lose, it matters how will you overcome such loss and be fun again!

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Number one is the best advice manage your emotion this is the hardest thing to do, because the temptation is always there to continue playing until you exhaust everything, your emotion, your funds almost everything, the first thing you should learn when coming in a gambling site for the first time is to manage your emotion, if you can manage that you manage everything, and even your funds the most important thing to manage.

Topic: [DISCUSSION] How to overcome a big loss in gambling? - page 6. (Read 1019 times)