Dont chase your loss - page 26. | Bitcointalksearch.org

mindrust

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Quote from: Tmoonz on March 05, 2024, 01:40:42 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?

Gambling shouldn't be a skill in the first place. It is just a way of having fun. There is no such thing as "improving your gambling skills" unless you are a professional gambler and you are not a professional gambler. Then why even get obsessed with making money from gambling if you are not a pro?

If you want to make money get a different profession instead. When it comes to making money, the other jobs are way easier than gambling I am sure about that.

If you lost, you lost. There is no point in trying to get back what you lost. You can always play more if you want but not like this.

Dr.Bitcoin_Strange

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I think those that mostly chase losses in gambling are those that fully depend on it, like a side hustle or a major hustle, where they believe it's a sustainable source of income. A real gambler who is fully oriented and experienced in gambling will not want to chase losses because it's easy to understand that winning in gambling is definitely based on luck. If a gambler is lucky to win on their first bet, they may not be lucky again on the next game. Therefore, it is wise to just gamble with what the person can afford to lose, and if they have had a series of losses, they can just take a break. Although sometimes I am set to gamble and perhaps I have planned to spend $10 or $20, until I spend all that money, I might not take a break, even if I was losing all the bet, but what I don't do is gamble above those limits, where my balance gets exhausted.

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Quote from: Marykeller on March 05, 2024, 02:37:19 PM

They don't intend to gamble for fun, and neither would they like to gamble in vain without actually actualizing some profits before the end of their gambling day.

That is the problem many people have. Are they stupid? They see a betting company increasing in workers and having more money. Do they not know that is possible because most gamblers are losing and the gambling companies are making money? If a gambler do not want to gamble for fun, he should not gamble. If he is looking for money, he should get a job.

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It is easy said than done don't chase your lose. Still yet gamblers will keep on chasing their losses, because they are always doubling their bet when they win little amount, since they are not satisfied with little wins. Anyone that sees gambling as way to change his life will not be able to stop chasing his loss, because he is already an addict unknown to him.

Gambling is be done with ease, and for fun so that you will be able to gamble with an amount that when you lose, would not be anything to you, and this will not affect you emotionally. Having a time limit for gambling, and having a gamble budget is another way to control your loss. You should also not gamble frequently, to avoid addiction.

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Most gamblers are filled with the habit of chasing their losses. They don't intend to gamble for fun, and neither would they like to gamble in vain without actually actualizing some profits before the end of their gambling day. That's why we keep learning that most gamblers who are fond of chasing losses have indirectly turned themselves into addicted gamblers, who don't end their day-to-day gambling ordinarily without chasing losses because, to them, they have a target of earning money initially and not losing money in a gambling house. After all, that's not their thought at first instance.

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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.

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Well, in the first place, we don't have full control of the outcome. Losing will be always part of gambling, if that's so why are some people still in profit? They know how to manage their bankroll and bets. To be preventive of huge loss is the main thing to prolong your gambling career. As I've mentioned, there will always be a tendency to lose.

You won't need to chase for your loss if that amount is tolerable or under your risk appetite, meaning an amount you can accept losing. If you won't let your emotions do the betting then this is possible. Always have a sense of control with the amount of money you engage in this industry. If you are losing continuously then accept and take a break. If you would push yourself to win back what you have lost, then it won't be surprising to know that it will just become bigger on the run. You'd be too eager on the same extent to continue with your bets but if you're unlucky, trust me, your bankroll will be consumed in no time. Much better is to take a rest and try the other day or week you will again be gambling.

Keep in mind that we have no control of our luck and that also means no control of the outcome. But we have full control of ourselves on tough times, maintain self discipline.

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Quote from: Tmoonz on March 05, 2024, 01:40:42 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?

The moment anyone starts to develop the mindset that they can use gambling to earn passively or make it their only source of income that's the day they have started to dig their own grave.

At no point in time should anyone conceive the thought of them “chasing loss” or the mindset of “Let me just make this deposit one last time, I might be lucky enough to win back my previous deposits” - if they should try it they're surely on the path of failure and all that will be realized from it will only be more losses nothing more, nothing less.

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Quote from: Oshosondy on March 05, 2024, 01:45:29 PM

Do not gamble for money making
Do not gamble when losing already. That is true
Do not gamble that day again if you have made profit
Have gambling budget
Do not let your gambling budget to be more than 1 to 5% of your weekly income. 1% is percentage that is recommended to gamblers
If you go more than your gambling budget, you are an irresponsible gambler.

You're right I think chasing after your loses sometimes makes one to get more addicted to gambling, considering the money they lose from when they started playing gamble till date is going to be a huge amount of money,so at this point withdrawing from gambling is never a best option for them, instead they keep chasing there loses hoping that they are going to recover from there lost.

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How many times have you heard this saying about never chasing your losses in gambling? We know and realize that it will be worse if you keep chasing it, so you already have the right opinion on the matter.

If you've lost and depleted your bankroll then stop gambling or take a break.
Don't chase your losses and you will lose more than twice.
Gambling is done as fun, if you win you should be happy, if you lose do not despair let alone stress.
Enjoy gambling with cold money, don't force it because money is for your needs.

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Quote from: Tmoonz on March 05, 2024, 01:40:42 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?

I guess this has been discussed so many times here on the forum and still its same reasons. Gambling is meant to be for fun. If someone see gambling much more than what it's supposed to be, they will have problems upfront.

When we gamble, we should always remember to gamble what you can afford to lose. This way, you won't be bothered that much about chasing you lose. When you lose though it's not something anyone will be happy about, you get to learn some new ideas so when next you play, you might be able to apply these new ideas into you next game.
If you chase after your loses, you tend to lose even more than you intend at first. So don't over think about your loses. And start chasing after them.

rachael9385

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Quote from: Tmoonz on March 05, 2024, 01:40:42 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 type of warning have been announced tome without numbers, when you start chasing your losses you have to deal with more loses, you won't be able to concentrate on other things.
If you can't afford to lose you shouldn't gamble, I keep saying this for the betterment of newbie gamblers, I call newbie gamblers because I believes many already knows what's involved in gambling but few don't have any knowledge on what gambling can cause.
I advise one to know what gamble is and the disadvantages in gamble, those that knows the disadvantages in gambling are making sure to avoid them.
However, the disadvantage of gambling is not hidden at all, everyone of us knows that if a gambler chases his or her loses the pet might become addition to gamble, so the best ideas is not to chase any lose at all, wether big or small.

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Quote from: Tmoonz on March 05, 2024, 01:40:42 PM

What is your opinion on this?

I think chasing your losses is what led you to gambling addiction and that's why I never recommend something like that to any player. Most of the addicts that we see today are those people who always try to recover their losses and win more and this in doing that they end up losing more money and that makes them gamble even more.

The more one gambles the higher the chance of getting addicted to it, and that's he main reason why we see most of the gambling addicts. Those addicts are the ones who somehow can't forgive themselves for the losses and they try their best to recover the losses and win, but we all know that they won't win.

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...gambling responsibly. Do not be addicted.

Do not gamble for money making
Do not gamble when losing already. That is true
Do not gamble that day again if you have made profit
Have gambling budget
Do not let your gambling budget to be more than 1 to 5% of your weekly income. 1% is percentage that is recommended to gamblers
If you go more than your gambling budget, you are an irresponsible gambler.

Tmoonz

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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?

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