Topic: How do you handle your losses - page 9. (Read 5971 times)

This is the most important step imo. If you can't make a budget for gambling, then it means you are ready to risk everything you got. When you risk everything you got, sooner or later you will lose everything you got. It doesn't matter if you win at some point, you will keep playing because you'll think why not win more? then you will lose your winnings first then you will lose your savings.

If you make a budget first though, that won't happen to you.

Keeping your emotions in check is definitely a good one, especially being able to properly re-assess your current mood over time - as if you're having a long session (like playing poker for example) then it's quite possible to start the day fresh, rack up a load of good wins, but then lose concentration and trail off the quality of your play. It can result in handing back all the money that you smartly made at the start. There can be many reasons for dropping the quality of your play, assuming you are in a skill based game not random, like not properly eating which cause your energy levels to drop or having tiredness/intoxication start to creep into your mind.

i guess we all should wear that kind of skin so as not to be a trouble. for online casinos, the casino won't have any prob dealing their gamblers physically. usually, it is the online rant or complaint they need to address at. if you are just sticking to your budget, there won't be any prob after you lost it all. because for one, you are preparing yourself for that loss. remember, in gambling, you always go home more on the losing side rather than on the winning side. but if you know when to stop, maybe, you will go home as a winner even if it is not so big.

As you said it clearly that everyone has their ways of handling emotion. Yes that is true, and also what works for you might not work for another person, because everyone has their ways of thinking. Thick skins are differs. For letting your loss go as for me is an understatement, if you did not let it go, then what do you think you will do? beat up the casino bookmakers or arrest the company manager? My bother, in this case you don't have even a second thought on it, you just have to let it go because you have loss and the money can never return back to you, because that is where the casino company also make their legit money to pay another winner of the game. All the criteria you wrote are pre determine act before entering the casino you that you will not feel pain when it happened. So have a thick skin when losses

If you could set your budget for gambling and stick to it, there would be no huge losses in gambling because you are only gambling your money that you can afford to lose. However, I would also say that if you are an irresponsible gambler and has no discipline when it comes to your expense, and you let your emotions control your mind, then you will always end up with possible losses than winnings from gambling.

Same. The most important thing is not to play for sensitive amounts of money and to be distracted from gambling in time. When we get too deeply involved in something, it basically carries destructive tendencies, so we need to pause.
In fact, I even like pauses when, after bad betting sessions, I quit betting completely and my head is free to think about the odds and how which team will play their game.

reading everything you wrote up to a certain point made me laugh a little because I always forget to drink water, so when I bet and I'm watching a game I feel like drinking water and I get irritated, and when I drink water and I go back to watching the game I play and I feel like peeing I get irritated again, that's why I even prefer to pee a lot hours before the game starts. about the precautions before placing bets, the only things I do is just analyze the games, then have a plan B in case I lose a bet and deal with the result of the bets normally, I understand that losing is part of the game for that reason why I don't get angry when I lose

I put it in my head that there will be another opportunity to win and make a profit, games are just fun, and the way I look at games, losing money is part of games. the only thing that makes me angry is when i'm watching the game and i have to stop to leave

I just move on, I look at my losses as no big deal because I am aware that whenever I engaged myself in gambling, there is a huge tendency that I will lose.  With that in mind, I only play with money that I can afford to lose to minimize the mental pressure from the effect of that losses. 

Also, I tend to have a short break so that if I start my gambling session it will be a refresher without any traces of thoughts or feelings of the previous losses.

I ensure my emotion is in check:

This is what im trying to check and see out whenever i do make myself having a gambling sessions or play on which i do always check out my emotion.On the time that i do on a scenario on which
losing streak is really that worst then i do completely stop midway and would really just handle the anger and frustration deep inside me.
Handling losses is really that hard considering that your main enemy would be your mindset which would be mainly be affected with your emotion and this is
where you should really be that mindful when it comes to this manner.

Yes, that accurately sums up the strategy you described. It is critical to develop and stick to a plan, avoid temptations, manage your physical and emotional state, and be aware of the influence of others. Furthermore, it is critical to remember that gambling is a form of entertainment, not a way to make money, and to gamble responsibly and within your means. It is also critical to be aware of the potential risks of excessive gambling and to seek help if you believe you have a gambling problem.

In gambling losses are part of us but dealing with them is always different but in a way things are almost exactly the same thing to do and I always avoid this for the possibility of not chasing losses after I I got used to staying calm and not emotional.

There is always a limit that is set for gambling, not exceeding the capacity that is more than that, we even have a bankroll that is fixed, it must be guarded not to be added because you feel emotional when you lose.
So the point is for fun, we have to be responsible for the defeats we receive, even if I run out of money, it's fixed for gambling, then it will come back later after new money is set again, I feel this has to be handled properly and discipline so that it is not excessive that becomes your pressure.

A loss is a loss and I expect it always when playing a casino games. Or to rephrase, I always have it at the back of my mind. So when it happens, I do not let it define how I feel or react to people are round me. When I experience a loss at an online casino, I simply log off and get busy. I do not stay there whining or feeling bittered. I learn from my losses I move on and because I have developed a discipline with gambling online I do not exceed my budget. We lose today, we win tomorrow or vice versa.

It's the same disappointment from other turns and events of my life. Handling losses has been already part of my life and I'm sure that everyone does like being rejected and having a failure. It's not a different thing to majority of us because we know that it's something normal in life and mostly in gambling. It is to be expected that when we gamble, we know that there are only two things for its results, either you win or lose and having that mindset that you're expecting to loss is already a good sign that you're going to handle it well because the result isn't going to favor you.

I don't want things too deep. I handle losses the way I take the same response as when I experience big disappointments and regrets.

The losing amount is also a significant consideration. If that's a huge amount involved, then moving on might take time but on the other hand, if the loss amount is quite small and can be handled, then just a bit of taking a break from gambling will do the trick of how to move on.

Don't focus too much on ways how to handle losses but instead, try our best to build a good winning streak on every of our gambling sessions.

If you can remind that your main goal is for having fun, I believe you won't have a problem with your losses. This is the ultimate way to deal with your losses, you focus on getting entertainment and don't really care about the losses. As long as you use small money and it is limited money, you won't feel so hurt when you get losses. The complicated problem only rises when we use big money, even worse it is loan money. That's why only use the extra money and it must be money that can afford to lose. 

That is all we have to do to handle losses without further consequences. If you stick to a fixed bankroll, you don't have to worry, because once that money is lost, you know your gambling session ended and you will start a new one only next week, with another limited fixed budget. For gamblers having difficult to stop playing, it's better to never deposit more than the amount they set to use for the week, otherwise they will feel tempted to continue wagering with extra funds, even after losing the pre-determined amount.

I know Stake casino has a "vault", where gamblers can store their money, so it won't display on their balance. It can reduce the temptation a little bit, but if it's still not enough, it's really advisable to deposit only the amount which is going to be wagered on the week.

I only set a bankroll to play and that is the maximum I will spend on gambling for the week,usually 50-100 or max of 200 dollars.I have been a slot addict and I can proudly say that I am not an addict anymore,I have the courage to quit when I see that loses keep hitting me.I play sport betting now,it is easy to check here as you see your balance grow or shrink based on your performance.

I think in sport betting is much easier to keep track of the lost amounts but in slot machines is much more difficult,you need to continuously update an excel sheet to keep track of your lost amounts and I think this would be the best thing to do to keep track of our lost amounts,we can add deposits and withdraws there and it is easy to see the difference which in turn would be our profit or lost amount.

If you follow your emotions then there is no real escape,you will lose continuously money as emotions do not make us see the reality but show us a distorted one,the one we want to see.

There are several suggestions to handle losses in technical and emotional terms

Handling gambling losses in emotional term:

• Acknowledge your feelings: It's important to acknowledge and accept your feelings of disappointment or frustration after a gambling loss. Ignoring or suppressing your emotions will only prolong the healing process.
• Talk to someone: Talking to a friend or family member about your feelings can help you process your emotions and gain a different perspective on the situation.
• Seek professional help: If your gambling losses are causing emotional distress, it may be helpful to seek the help of a therapist or counselor. They can provide support and guidance to help you cope with your feelings and develop strategies to prevent future emotional distress.
• Practice self-care: Taking care of yourself physically and mentally can help improve your emotional well-being. This can include things like exercise, meditation, yoga, or other stress-relieving activities.
• Set boundaries: Setting limits on your gambling can help prevent future emotional distress. This might include setting a budget, setting a time limit on your gambling, or avoiding certain triggers that lead to excessive gambling.
• Find a healthy distraction: Finding a healthy and fun distraction can be a great way to take your mind off your losses and improve your mood. This could include hobbies, sports, reading, or spending time with friends and family.
• Learn from the loss: Instead of dwelling on the losses, try to learn from the experience, reflect on what went wrong, and think about how you can improve your strategy for the future.

Handling gambling losses in technical term:

• Keep records: Keeping detailed records of your gambling activities can help you understand your patterns of behavior and identify any potential problem areas. This includes noting down the date, time, amount, and outcome of each bet you make.
• Set a budget: One of the most important things you can do to handle gambling losses technically is to set a budget and stick to it. This will help you avoid overspending and losing more money than you can afford.
• Use a stop-loss: A stop-loss is a predetermined point at which you will stop gambling for the day or week. It's a great way to control your spending and avoid losing more than you can afford.
• Use a staking plan: A staking plan is a method of managing your bankroll that helps you make informed decisions about how much to bet on each outcome. This can help you avoid losing more than you can afford.
• Take a break: If you're feeling down about your losses, it's important to take a break from gambling. This will give you time to clear your head and reassess your approach.
• Seek professional help: If you feel like you have a gambling problem and that your losses are affecting your personal and professional life, it's important to seek professional help. There are many organizations that can provide support and resources to help you overcome your addiction.
• Use responsible gambling tools: Many online gambling platforms offer tools that help players limit their deposits, set time limits, or even self-exclude from the platform. These tools can help you control your gambling behavior and avoid excessive losses.

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Usually whenever I experience gambling losses, I'll just take a deep breath and accept the fact that I lost, I never chase losses and I reflect on what to do next to avoid such kind of huge losses.  It is easier to accept if we gamble money that we can afford to lose since it has no impact in our daily budget and finances.

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sources:
https://www.algamus.org/blog/how-to-get-over-gambling-loss
https://www.quora.com/What-a-person-should-do-if-he-lost-his-money-in-gambling
https://800gambler.org/how-to-mentally-cope-with-a-big-gambling-loss/

We all handle emotions differently, also the way each of us admit our losses differs. I love playing dice and blackjack on my favorite casino and have never had a big win, but I make sure not to chase my loss if I lose. I have learned to deal with losses, it wasn't easy from the beginning, but it gradually became part of me over time.

Not everyone is good at letting go of their loss. I used a four way strategy to train myself into admitting my loss:


First I draw a plan of how much I am willing to risk for any bet:
I so much believe everything starts with a plan. To avoid been carried away by my loss or urge of trying more chances I first plan how much I'm willing to risk and if it goes I pause to try again when next I have made new budgets.

I make sure I don't pay attention to the leader board:
I try my best to avoid this board because it can be tempting and compelling seeing how much a user cashed out the hungry to try a little luck might make me go against my plan

I ensure I drink enough water to reduce risk of heat stress :
I won't want to be under any compulsion or stress after a loss, so I make sure I drink water to stay hydrated, and it helps manage my mood even if I lost.

I ensure my emotion is in check:
I remind myself regularly that I am only having fun that can either be winning or loss, and what ever be the outcome it is for the fun of the moment and not a get rich quick scheme.

I avoid greedy friends
Friends play a big role in the character of a person. Someone who is never greedy can become greedy based on a friend's influence. I rather take a small win and walkaway than risk it all to lose even my win.