Dont chase your loss - page 23. | Bitcointalksearch.org

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Quote from: Tmoonz on March 05, 2024, 12:40:42 PM

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

After all, why would people gamble just to chase their losses, when we know that this method is wrong and will definitely make someone go bankrupt faster and lose more money, no one is safe from that method, everything will definitely end badly, that's why everyone before When gambling, they should be aware that gambling is not only about winning but also losing. People never want to understand the losses they experience, even though that is also part of gambling, but they are not willing to experience defeat.

Obviously that sounds strange, when we gamble the result is to keep winning, that's impossible because gambling sites also want to make money, so they won't let their users win a lot of money on their gambling sites, that's why it's important to understand your own abilities before gambling if you don't want to. If you experience defeat, it is better not to gamble, because gambling cannot always continue to win and make money, anyone must be prepared to lose and therefore gamble using money that is ready to be lost or ready to lose. I think some people who are experienced in gambling definitely understand that.

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Quote from: Tmoonz on March 05, 2024, 12:40:42 PM

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

This has been tackled for many times now that Chasing losses will only lead you in either complete
losing or else addiction this is why never that I tried doing such in my entire gambling gaming.

there are several people that i know who has this attitude and yes now they are addicted already
because all they want is to win back their losses and not just that instead they are seeking also
for so much win each time so they are a loser completely.

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Quote from: Tmoonz on March 05, 2024, 12:40:42 PM

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

A gambler must refrain from gambling for some time especially when a gambler feels that he needs money or he has lost too much in a bet in gambling and has to recover the amount of the bet then I must tell him to take a break from his casual gambling. Generally we know from some learning points while gambling that a gambler must be gambling in a healthy state. A gambler can make relatively good decisions if healthy. A gambler is not normal when he tries to quickly recover his losses. If he resumes gambling with a temporary break during that time, he can control himself from losing more.

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Quote from: Tmoonz on March 05, 2024, 12:40:42 PM

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

It's always in the back of our minds all our previous losses, some gamblers go through the table or log in trying to recover all their previous losses, it's not bad to think that you can still recover all your previous losses, but it's not how it works you cannot recover all your previous losses with just one sitting, even if you're having a run of good luck there's still a risk of being tempted to bet everything thinking that you can recover everything you've loss because you're having a good luck, the house edge will eventually comes into play and you will lose everything.

The key here is to contend with your small winning and never go all out because you think luck is finally on your side, because you never know what's the next roll will be going to be, I experienced 10 straight rolls and when I put everything on the 11th roll the house edge comes to play and it wiped out all my winnings, I feel like hitting my head with a keyboard, glad that I did not or else I will have to buy a new one. Cheesy

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Quote from: Tmoonz on March 05, 2024, 12:40:42 PM

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

This has been discussed many times. Don't chase losses and only use the money that you can live without. But many gamblers forget these reminders because they don't want others to mind their business or thinking they can handle themselves.

So before playing, keep in mind that gambling is a risky way if your intention is to gain money. Don't expect too much, just enjoy the game using a spare money. This is, if you don't want to follow the foot steps of those gamblers who became addicted because they have no self-control and discipline.

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Quote from: arjunmujay on March 05, 2024, 10:13:44 PM

This is a familiar story. because for the most part, gamblers are oriented only towards winning. Therefore, if a gambler loses, he will definitely catch up on that loss. and because they are impatient, and want to get instant wealth, they take the wrong path when gambling.

This is why some people believe that when gamblers win, it's the return of all the losses they have lose in the past, I don't keep tab on how much I have lost but I always remember how much I have won and I can say that it's big enough, an amount that I would be able to forget, turning $25 into 1600 isn't something that always happens, I know it could be small for some but it's big enough for me.

I don't rely on gambling, and I don't always gamble but I always make sure that my life expectations aren't from gambling, the hunger for gamble starts from the moment that you want gambling to do something for you, I have a job, a good one that's paying and still I choose to gamble once in a while, because I have other responsibilities on me.

I gamble using money that I made from my sweat and blood, I don't have to be told about how to manage my own money, it's not easy for me and I won't be stupid enough to lose such money because of gambling, there is a big difference between miracle and reality, even in the holy Bible, we have to break sweat to have our ways in life, nothing will come easily.

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Honestly, it is no use to make topics like this because people will still do same stupid mistake. We can repeat this mantra for 1000 times, but it is impossible to change humans greed. I think almost every week we get topic here how someone lost everything because casino cheated him/tried to play back/went all-in with his salary. We can make a million and one topic with rules as plan budget, dont chase loss, know when to stop, gamble with cold head and etc, but people wont listen anyway.

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Quote from: goldkingcoiner on March 05, 2024, 11:03:14 PM

Quote from: Tmoonz on March 05, 2024, 12:40:42 PM

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

It would be better to plan and limit your gambling. That way you can gamble responsibly and have a safety net, in case you lapse into a gambling rush. Or you can not gamble at all.

But if you plan it, you will have to own a large amount of self discipline.

My own personal plan is once a week at most and only with tiny amounts, capped to a max. amount.

That's a good point you made, "when we plan it, we have to be disciplined to execute it". From what I've seen from some of my friends, they do plan the amount they lose when they play, for example they shouldn't spend more than $10 at a time, but in reality they can't be disciplined and will instead allocate another $10 to play and hope that the money they lost before can come back to them, and not stop at the second $10, they can even repeat it until the fifth $10 is spent.
Did they not have a plan at the beginning? No, they did. But can they be disciplined in sticking to the plan they have made at the beginning? Well that is a question that will go back to each of them personally. Because in this case they themselves determine the path, whether they will be able to be disciplined or they themselves who actually violate what is the rule in the game they are doing.
This is what we call irresponsible gambling. They constantly expect high returns and hope that luck will come to them on the second, third and so on. But instead of the luck they get, they become overwhelmed by emotions in gambling.

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Quote from: retreat on March 06, 2024, 02:00:39 AM

Quote from: Tmoonz on March 05, 2024, 09:56:48 PM

The fact is that it will become more difficult in keeping track of time and and the amount you are use to or supposed to use because at that point of chasing your loss you are being controlled by emotion followed by drastic decisions it becomes devasting and you may loss again and again. you just need to calm your mind take a break and probably see a better options before striking.

That's right, someone who chases losses will continue to lose in the end because they are too rash in making decisions and too hasty, so it makes them nervous and unable to digest information properly which leads them to bigger losses. The need for a gambler to be able to regulate their emotions is quite crucial, because if they cannot regulate their emotions and tend to be too aggressive in pursuing their losses, then in the end they will lose even more and make the situation worse.

We shouldn't came up on that situation since if we are encountering a losing streak that indicates that favor is not falling for us and if we decide to gamble more for sure there will be more disappointment and we just spend more just to chase up our losses so we should avoid to do that situation since we might do unnecessary action that can end up getting broke that's why its important for us to know the consequences then stay up on more realistic approach towards what we do on each gambling activity we made. If we can avoid doing those chasing things for sure we will never get devastated on bad results we get.

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Quote from: Tmoonz on March 05, 2024, 12:40:42 PM

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

1. No one should gamble with expectations that they will make money, this is the first thing to do, and this will prevent gamblers from chasing losses, those who chase losses must have use the money they can't afford to lose.

2. Gambling doesn't exists to get you rich, how many have gotten rich around your surroundings through gambling? You should have answer if it's this easy.

3. Ask yourself, what type of money would you lose right now that won't matter? If you get it then that's the type of amount that's suited for gambling, if you gamble with $0.10 and it doesn't cost you anything, if you lose this money few times there won't be any thing to prompt you into chasing any losses.

What losses anyway? This amount isn't even near a dollar, it's the type of money you can easily give out to anyone on the street, because it's very small, this is the type of money that will make you feel right about yourself when gambling, get use to this.

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I agree with you. It's important to not chase losses because it's a dangerous habit. When chasing losses, players tend to lose sight of their limits and budgets due to impulsive and risky decisions. Players also tend to become more focused on recouping their losses and neglecting their skills and strategies than making informed decisions. It's important to set limits, stick to budget and make informed decisions.

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Quote from: Tmoonz on March 05, 2024, 09:56:48 PM

The fact is that it will become more difficult in keeping track of time and and the amount you are use to or supposed to use because at that point of chasing your loss you are being controlled by emotion followed by drastic decisions it becomes devasting and you may loss again and again. you just need to calm your mind take a break and probably see a better options before striking.

That's right, someone who chases losses will continue to lose in the end because they are too rash in making decisions and too hasty, so it makes them nervous and unable to digest information properly which leads them to bigger losses. The need for a gambler to be able to regulate their emotions is quite crucial, because if they cannot regulate their emotions and tend to be too aggressive in pursuing their losses, then in the end they will lose even more and make the situation worse.

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Yes, it is better for us to gamble just for fun and not because we want to chase losses or win the gambling game. We will not want to win the gambling game with a goal like that.
We know that gambling games are just a way to relax ourselves after carrying out daily activities. By playing enough gambling, we only want to enjoy our free time and have no desire to chase win.
And if they gamble because they are chasing a win but only experience loss in the end, it will only give them sadness because they lose their money. They will find it difficult to recover their losses because gambling is not a place to earn money.

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Quote from: GideonGono on March 05, 2024, 01:28:31 PM

I used to do it before, but then I realize that it was an amount that I could afford to lose from the beginning, and I risked it knowing that I could lose that money so I shouldn't try to increase the amount of money that I would risk, just by trying to recover what I already lost.
For me if you would try to chase what you lost, then you shouldn't have gamble at all.

Chasing after one's lost is like going into a journey of no return,you can't chase after something that's gone totally but you can otherwise make amends in regards to that,so there won't generate loss anymore.
And another thing that makes you go after your loss is greed,when you're so anxious to make it so fast and urgent not bearing in mind there are some do's and don't guiding the game.

Whenever you generate a loss while gambling don't he in a haste to make it all out again just be patient and sit back to assimilate why and how come about the kids and look for ways to amend and make it better again.

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Quote from: Bitinity on March 05, 2024, 10:45:53 PM

Quote from: Tmoonz on March 05, 2024, 12:40:42 PM

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

Chasing our loss is basically normal thing in gambling, it is natural and I'm sure most gamblers do it most of the time. The most important thing is that we should always stick into our limit in every gambling session we play. We also should not force ourselves in the process of chasing our loss, for example: yesterday I lose $100 and today I played and made a $50 profit, it is better for me to stop in this stage or not to chase the other $50. The key is here is not to force ourselves while gambling, reduce our greed, and stay on our own limit for every gambling session.

Yes, it's natural to chase back losses and it yields better outcome some of the times and aswelll does the opposite. Like you said, knowing when to stop is important during gambling and many has failed to keep this limit and that's the reason most people face loses and ends up poor, wretched or even homeless, these are all penalties to be faced with setting no limits.

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Quote from: goldkingcoiner on March 05, 2024, 11:03:14 PM

Quote from: Tmoonz on March 05, 2024, 12:40:42 PM

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

It would be better to plan and limit your gambling. That way you can gamble responsibly and have a safety net, in case you lapse into a gambling rush. Or you can not gamble at all.

But if you plan it, you will have to own a large amount of self discipline.

My own personal plan is once a week at most and only with tiny amounts, capped to a max. amount.

I thought I was the only one, I always gamble twice in a week and I don't spend up to a hour on a casino, when it's time for me to place bet on football matches that's a different one from online casinos, I do place bet on a match and wait for my win or my loss, but I don't gamble more than twice and that's all I can afford.

Expectations and entitlement are the biggest problems that most people have, they always have expectations from where they don't plant any seed, if money is this easy to make won't everyone in the world be rich right now? I don't expect any casino to turn me into a rich and successful person, it could happen but it's too unrealistic, so I don't have to expect that gambling will make me rich, it's a wrong mindset.

When losses come for them, they will blame it on their expectation, saying to themselves that gambling was suppose to make them rich, this was their dream and goal, and now they can't stop, they must bring the dream alive, so they will keep going, not all gambling addicts are addicted because they are chasing losses, some have a huge dream that gambling was supposed to bring alive for them.

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Quote from: entertheabyss on March 05, 2024, 10:35:09 PM

Quote from: arjunmujay on March 05, 2024, 10:13:44 PM

This is a familiar story. because for the most part, gamblers are oriented only towards winning. Therefore, if a gambler loses, he will definitely catch up on that loss. and because they are impatient, and want to get instant wealth, they take the wrong path when gambling.

Gambling is tender on making crucial changes which will either be profitable to the gambler or serves as losses to him. The losses are here in the space and trying one's possible best to completely abstain from the system will definitely make us be confident from the system. Perhaps it's not going to be an easy one but the best is yet to come. Ask yourself this question, why will gamblers indulged in the system if not hanging around desperately hitting on for profits. Gamblers exists in the space simply for what? They're chasing the winning because that's the only thing that seems to be keeping most of these gamblers.

This is true, especially if a gambler suddenly wins a large sum of money. Of course, that is a large amount. The gambler suddenly becomes greedy, and instead of stopping as he should, he continues to gamble because of the desire to get a large amount of the money they are hoping for.

A lot of people stumble in that situation; the winner then suddenly loses in the end, and in the end, they will feel that they will regret that after all, they are also at fault. Where greed has never done anything good,.

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Quote from: entertheabyss on March 05, 2024, 10:35:09 PM

Quote from: arjunmujay on March 05, 2024, 10:13:44 PM

This is a familiar story. because for the most part, gamblers are oriented only towards winning. Therefore, if a gambler loses, he will definitely catch up on that loss. and because they are impatient, and want to get instant wealth, they take the wrong path when gambling.

Gambling is tender on making crucial changes which will either be profitable to the gambler or serves as losses to him. The losses are here in the space and trying one's possible best to completely abstain from the system will definitely make us be confident from the system. Perhaps it's not going to be an easy one but the best is yet to come. Ask yourself this question, why will gamblers indulged in the system if not hanging around desperately hitting on for profits. Gamblers exists in the space simply for what? They're chasing the winning because that's the only thing that seems to be keeping most of these gamblers.

You're right, mate. It is true that many people are driven to gambling because of the possibility of earning money. However, it is equally crucial to understand the psychological and emotional elements that motivate people to bet. Some people use it as an escape or to cope with stress or boredom. Others use it to feel in control or empowered. Others see it as an addictive behavior that is difficult to overcome. But what's more important is that, however you consider gambling, it's important to be fully aware of the dangers and disadvantages included.

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Quote from: Tmoonz on March 05, 2024, 12:40:42 PM

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

If you have lost then let go of the money you have lost because under normal circumstances you could lose all your money at the casino because you lose, especially when you try to recover the loss it will only lead you to greater losses because you make many wrong decisions even though there are also players who can recover their losses but that is a rare case and can be said to be just a coincidence.

That's why if you don't want to be in a situation where you want to recover what you have lost, gamble with money that you can afford to lose because it means losing that money will not affect your emotions and your finances as a whole, because one of the reasons why there are gamblers who trying to chase his losses is because losing the money makes him emotional and has disrupted his finances.

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Quote from: Tmoonz on March 05, 2024, 12:40:42 PM

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

My opinion is that they are not a victim of circumstances. Better if you stop using the socialist vocabulary for everything. One of the worst things about socialism is that it has sold people that they are helpless victims who can do nothing. A victim of circumstance is someone who is walking down the street, a brick comes off the facade, falls on his head and kills him. That is a victim of circumstance, not someone who repeatedly goes to the casino of his own free will and when he loses what he had planned to lose, he continues betting more to see if he can win it back.

Topic: Dont chase your loss - page 23. (Read 3123 times)