Topic: How do you handle your losses - page 8. (Read 6020 times)

Personally, I am not too into gambling, but my two hilarious friends usually motivate me to gamble, and when we are gambling, we usually crack jokes and make fun of ourselves, and you don't even think about your losses. 

But I still have some memories of my early days in sports betting. I would place a bet on some team, and perhaps if the match were tomorrow, I would already be calculating in my mind where I was going to spend the money I was expecting to win. But often times, I end up losing those bets. It usually makes me sad and also makes me take a false decision of not betting again, but after my emotions calm, I go back to betting. 

Three things I have learned about handling my losses maturely are:

1: I usually gamble with my friends because I realize the fun we usually have in the process of betting, is what makes me not even feel my loses. 

2: I don't gamble without making a budget of what I am willing to gamble off, so even if I lose all the money I budget, it's already been decided before I started gambling.

3: I don't only feed my mind with the thoughts of wins, so that any time I lose, I remind myself that that's what I'm in for.

There is one little problem I am battling with, although it is nothing much. Any time I am out gambling, some times I win a lot, even more than the budget I set for that day loss, but at the same time, I end up gambling off everything I won, and by the time I am done gambling that day, I keep on blaming myself for not just stopping gambling after winning until I have lost all my winnings again. Is there someone who encounter such thing feeling?

Wow, really! Like, you deposit and see it for a lost fund? I literally didn't see that coming but, that could work. You already tricked your mind to the acceptable of a likely outcome and with that, you don't get no surprises if you happen to lose. That way, you could achave fun playing but, why being concerned about the way its lost if upon deposit, you already have your conviction on a lose? It shouldn't matter. For me, If I were to look at the way, it would be in terms of having the casino or sportbook confiscate my fund. That wouldn't be funny because, I never got the chance to even gamble and have fun with it.

Managing lose for me, I see it like the price I have to pay for the fun am having in taking that bet and should I win, I see it for a lucky day and some reward as to how well I know the game. Dead simple!

In gambling dealing with losses has to do with ones psychology, once you have a locus of control of your psychology to accept defeat when it comes in form of losses in your bets then you see yourself not bothered about losing, every gambler had to understand that it's either you lose or win don't be one sided in your expectations while staking your bets in that way you're already prepared for the worse or good results.
The way we don't take winning personal when we win it's same way we shouldn't take losing personal too when we loss or losing, for there's always another day to try again. With this ideology in mind you're in full control.

The way I deal with my losses is very simple, whenever I make a deposit at any casino I think of that money as being already lost, what matters is how I lose it, obviously losing everything in a single bet would be very painful, as a result I set myself a maximum bet at a very low level and whenever I gamble I set a limit in terms of the money I can lose on that session and the amount of time I will gamble, and by following these simple steps I have been able to handle my losses without too much of a problem.

Prevention is better than cure is what they say and that is what addict don't know and won't do because they are always interested in shooting for profit and don't care about how much they are losing until they run out of cash totally and get into depression. It is those who have less control of themselves that will chase losses until they are finally bankrupt.

I don't gamble more than I can lose at a particular time so I don't really have big losses. I'm not a greedy gambler and I set how much I am to spend on bets each day. The problem comes when I get too greedy or should I say ambitious when I go over my limit. When this happens, I just move on like every other day. I blame myself for going over my betting limit but I console myself with "what if I had won".
It can get really frustrating when you loose money like that in gambling especially when it happens unnecessarily, that is why its essential to know that its a game of chance you're playing. Accept the loss and move on. One thing that lead to more losses in gambling is desperately trying to recover a loss. Sometimes when you've lost (big or small) you should just take a chill pill and give it a rest.
Always gamble what you can afford to lose

Since I don't play regularly I always remember the first one on your list of managing the risk as always. Chasing losses will always end up to lose more since you're doing it emotionally instead taking breaks will not just minimize your loss but cool your head for some time.

Not really sure for others, but for me, yeah, play with the money that you can afford to lose and that's is. If your bankroll is swept by the casinos then there's no need to deposit and chase that lost. And when I lost big, I just took a break from gambling and just take it easy for a day or two and just enjoy and have fun with your families and friends just to get rid of those negativity that you think because of your losses. And then it make me feel relax and so I don't have the emotions to get back again. As for the greedy friends, you should be in control and if your friends invited you for another session of gambling after your losses then you should learn how to say no, and admit to them that you just lost the previous days.

When you've failed emotionally it is impossible to handle your loss. The result comes to an end with the wallet getting emptied. Emotional failure can't be managed by any of the ways, and it is the one through which one gamblers loss huge funds. We should not let our gambling activities have an emotional connect. When you feel you're on the losing streak, just stop and take a break which is the best way.

There's nothing we can do and loss is a loss and never ever try to take those losses back because it would really just create that kind of desperation which is something that you dont really need up because it would pile up even more your losses and this is something that you dont really like for it to happen.This is why its better to move on and play on the amount which you had allocated for that particular session.Dont make yourself
get that been affected by much with anger and anxiety which we do gamble for fun and not to make it as a source of income and this is something that we should avoid at all cost.
Handle yourself in good control so that you wont really mess up even more.

First, it is expected to settle one fact before we set out to start gambling and that is to know when to turn down the urge to pull out losses when it happens,  some people don't have the balls to stand upto losses, and when it happens its result can be devastating on their emotional and mental health.

So I make sure I have a well planned out activity that will be a distraction abd fun seeking for me incase my bet goes wrong and i lose also I make sure I only bet with the amount I can let go if the loss happens.

I've learned about taking a deep breath in any situation that I may get in and most specially, in situations like handling losses. Just like what you've said OP about taking enough water.

There's also the psychological and mental explanation why taking a deep breath in a tough situation like being in a losing streak really helps. I've learned that before and read it as an advise so I take it. And guess what? It's not just only helping me to handle losses but also to relax when the situation isn't that good outside gambling.

For me, acceptance is the key in handling my losses. Whether it is a big or small loss, accepting the fact that you have lost is the first step in moving on and letting it go. If I cannot accept it, I will always try to chase the amount until I am in a deeper hole and lose a lot more. It happened to me before and I learned from it. I used to gamble in roulette and chase my losses by doing martingale. But it does not work. One long loss streak and you will lose everything. So, I learned to move on and accept my loss. If ever it is a big loss, I will take away myself from gambling for a while and stop betting. This resets me and prepares me to make my next move in gambling.

It also helps that I have a fixed amount set for gambling. I do not over spend now since I can only spend the set amount.

Handling your losses is a factor that will determine if you really have control over how you gamble, that is why we have the term chasing losses because people cannot handle it they want to play and play again to recover their losses because they cannot handle it.
In my case, I'm pretty good at handling my losses now after so many times chasing your losses, awareness of the consequences that you can experience what you've experienced in the past is a good awakening, experience is the best teacher when it comes to handling your losses, I just log out watch good movies or go out of and take something that will occupy my mind so I can forget those losses immediately.

Just doing the first thing in my opinion is enough, planning how much funds we will use to play whether for one day, week or month and must be consistent with the plans that have been made not to exceed the budget, and only use funds that we can afford to lose.

And in my opinion, this has nothing to do with gambling activities and people become greedy because they are indeed greedy, not because of the influence of friends.

Forget it, why remember or regret the defeats that have occurred, what is clear is that defeat has become part of gambling that must be accepted gracefully, and make it a habit to always bet on the losers consistently so that when you lose you don't care about it.
and don't try to chase to win it back, usually losses are the result of a bad chase. If you have a job, stay focused on work, go somewhere you enjoy and spend time with friends and keep busy and get away from the casino for a while and I think it's very simple.

I just accept it and move on, losing in gambling is very normal and you should anticipate this before playing. Don’t stress yourself and stop making things more complicated, you can have peace of mind if you only gamble with your extra money and not the money not came from your savings or a borrowed money. We all have our own ways to deal with our losses, and I’d hope that we can still control our emotion and not being greedy.

When im losing then i could say that im already that numb enough for me to say that these things arent affecting me anymore.Unlike when im just still noob or totally new to gambling activity on which in each loss
where it do give up some pain and anxiety which it do causes for me to be that impulsive when it comes to losing situation but as time passes by on which im really getting used to it or something that not
shocking anymore.For sure with those experienced ones are really that into that situation where you do already got used to it and this is something a very common approach.
The important thing is that you do know on how to handle up your finances.

This point is suitable and often used by me when I have lost a bet. For example, today I experienced a losing streak on every money I deposited to the site that I played several types of games. Three times I deposited, all three of them ran out or lost.
Because I still realised that this was just for fun, I stopped playing for today because there was an assumption that crossed my mind that luck was not in my favour.

Controlling and ensuring emotions are under control contains many interpretations as you said that each of us has our own way. But most players find it difficult to do so.

This is the best strategy, that will help you discipline you gamble life. I do have a monthly gambling budget,which I use for gambling and when I have exhausted it,I take it that gambling is over for that month. We should also not allow emotions control our gambling habit,or else,we will be tempted to chase our lost and this will lead to bankruptcy. Avoid gambling with funds for important purpose,only gamble with money that you can afford to loss,so that you don't get frustrated.