Topic: If we lose in gambling, what do we need to do? - page 19. (Read 4143 times)

That's inaccurate. 1 or 2 out of 10 makes it 10 or 20 out of 100, and 100 or 200 out of 1,000. Do you think that 100 or 200 people out of 1,000 manage to make a lot of money from gambling? That is 20% of gamblers being profitable which can't be true because if that happens, casinos would go bankrupt in no time. Getting some profit and winning a huge amount are two different things, we might get lucky one day and be profitable, but that doesn't mean we are in profitable considering our overall gambling experience.

Barely 1 person out of 1,000 or maybe 10,000 manages to stay profitable in gambling and all others stay at a loss which is the reason why casinos are always profitable and this is because gambling is a business for casinos and it isn't a way for gamblers to earn money.

Actually, to get the answer to the question of what we should do when we lose, they can answer it themselves by applying rational thinking and consideration because obviously by thinking rationally, they will be able to make decisions that are in accordance with what they need. I understand that they want to get some good advice from the considerations made by everyone here, that's fine. But if we're talking about gambling then obviously it's best to quit, no matter if you win or lose, because whatever situation happens in gambling can always make us feel curious, simply put when you lose then you will be curious and when you win then you will be greedy. Although basically all decisions come back to each person but sometimes not everyone can really think rationally and make the best decision that keeps them away from more significant bad effects and I believe that the best decision is always about quitting in any situation especially when you lose, this action shows how wise you are in controlling things to keep everything in balance.

The three different steps you outlined for a gambler to take when he's losing have been in existence since gambling started but not all the steps are fair enough to be seen as a good option. Firstly, you talked about borrowing to continue gambling in other to chase his losses and that's the worst option among the options because when a gambler loses his money in gambling and opts to borrow, the chances of recovering his losses with the borrowed money is lesser than the chances losing. So if a gambler sees that as an option, he's very likely to end up losing the borrowed money alongside all the money he lost before borrowing. The second option of quitting gambling at that particular time to come back later is fair enough because it'll give th e gambler the chance of re-strategizing before coming back but if the gambler is always losing in gambling, your last option of totally quitting gambling is the best option for such person

Having losses is normal in gambling, but a gambler is supposed to keep their losses limited and shouldn't bring the situation where they can experience big losses in the first place because once that happens, then it becomes even more difficult for the gambler to have control and they will start making reckless bets after that point only to try and recover the lost amount which we know is barely possible and one will lose more if they keep trying to achieve that.

Exiting when you have won something is great, but knowing how to keep the losses limited is way more important than that because if wins don't make you addicted to gambling, your losses will do that for sure and once you get addicted, the same thing will happen again and again and you won't be able to stop it.

In gambling, probability has always told us that it is much more likely to lose than to win money. However, the fact that we are human makes us moved by emotions and the hope that at some point we will be lucky enough to become very rich, every person creates and maintains this hope even in defeats, after all... we cannot lose forever. The idea of betting once again and having some kind of confidence that this will be the triumphant move is the big question that moves us: The optimism of "beating the system" just as some have already done.
That's what makes us bet, the emotional will always prevail over rationality.

Think about all the defeats and victories you've had, even though the defeats are the majority, I'm sure that even though moments are rare, you retain many more memories of your victories, right?
The money we lose never seems to be much compared to the few times we manage to win, this renews people's hope in continuing to play.
Websites and casinos know this and that is why they operate with little margin above 50% probability, as they want us to continue winning in 45% of cases, so that this hope is always renewed.

I don't blame the games, but I'm grateful. Because they give us the opportunity to have fun without taking too much advantage of the odds. It is only up to us, users, to know how to play responsibly and with limits.

Yes, there could be no better answer than what you just gave above myself, because truly when a gambler loses a game while gambling, there are only 3 options/decision or action he/she has to take, that is, first to either borrow money so as the keep gambling while chasing his/her loses, second, the either stop gambling for the day, so as to continue another day, and third, to either quit gambling entirely, so as to never experience such lost ever again. And whatever the case may be, I will strongly suggest that when you observed you have lost a huge sum while gambling, it's better to stop for the moment, so as to continue another day.

we all make mistakes. Gambling losses happen. But the worst thing you can do is keep chasing those losses the same way. Its a trap. I've seen it in business, believe me. The smart play is to analyze, regroup, and find a smarter way forward. Thats the path to true success. Trying to win it all back at the tables is an emotional play, and emotions cloud judgment. We need a clear head in these situations. Forget the quick fix. Focus on building something sustainable - skills, investments, those are real assets with real returns. Gambling, thats not an asset, thats a liability.

I understand the drive to recover what you lost. Its human nature. But true strength comes from recognizing when a strategy isnt working. Shifting your focus, thats what makes someone a winner in the long run. There's always a better way.

It is simple...just quit the game for that day, and allow yourself not to be controlled by your emotions. If you quit, and play again tomorrow, you might be lucky. If you are not lucky, always quit when you have used up to the money that you intend using to gamble, and play again next time. It will help you manage your loss and also prevent you from any trauma and addiction.

He who cannot quit gambling when losing, will always loss more, and will be affected by his losses which can lead him into frustration. This is why when gambling, you think about how to gamble in a way that you have nothing to lose, apart from that small amount of money that you ha e used to stake your bet. I would not call that a loss, because you enjoyed the game and had fun.

I have suggested it once but I will repeat it again as personally it works out for me.I usually say to myself this advice before starting to gamble so I say to myself where I will be if I don't gamble and the answer is that I will have more money in my balance to do other things that I may not otherwise be able to do.The same can be said to people who have lost and want to stop,they can ask to themselves like I have done,they can say where would I be if I had not gambled all this money and lost everything by gambling almost daily in a consistent way?The answer is motivating to say the least and for people who really want to quit they can achieve it as I am sure they will love the idea of having more money without gambling.

It is also funny when people ask for an advice for what should they do after losing. If they can allow to continue and want to do it, then they should continue gambling. If they run our of money, have no wish to continue, then they should stop. I mean what advice do they want to get? When they lose, for someone suggest them a winning strategy, or a bet that will be a 100% win next time? Or where to get more money?

 Funny enough a lot of people who win in gambling are not much compared to the number of people who lose daily, that is enough reason for one not to take gambling as a means of earning a fortune, it is not like an everyday job where you'll work an expect income whether monthly or weekly. In gambling, making profits is based on luck and skills and 1 or 2 in 10 persons have been very lucky to make huge fortune out of it. I think the best way to see gambling is as a form of entertainment, that is why it is advised that people should bet with what they could afford to lose. Also, instead of chasing loses I'll advise you quit for a while and try again later.

Correct! I call some risk irrelevant risk, like chasing after loses is an irrelevant risk because it will cost you more than when you let go.

Perhaps, chasing losses will only bring more loss to us and with that it's more preferable to let go of your losses and stay away from gambling for sometime before going back to it.

We are always advised to gamble only with what we can afford to lose and that is the first thing we should have in mind that whatever we use to gamble should be an amount that we can do without, a lot of us have made up an amount separately for gambling most during weekends and some at any time.

If you practice this steps you will find your self doing more than chasing losses.

Cover-up is different from trying to recover what you have lost, however we can really cover up the money that we have lost in gambling by earning money on other sources. This is better because it is more surer. Once we are done recovering it all, it's best to just stop playing gambling to not repeat the same mistakes again.

Many gamblers who have a goal of earning a profit are scared to risk their hard-earned money but surprisingly they still ended up depositing it and worse they lose it. They will only regret after. We can look for a new source to earn money if the current source we have is not enough but gambling is not qualified for it, unless if we are a streamer or a pro gambler.

and then you start regretting why you didn't increase the amount you wager but once you do that, you'll start experiencing the losing streak. i have seen this happening to me over an over that why i stick to just a few USD.

and i think the casino will start noticing me. i got paranoid sometimes that i think they are manipulating already the result lol
even the odds in the sports matches sometimes is just not making sense anymore.

I know how it feel when you have a losing streak as I had a losing streak for 1 month in a row ...imagine that but my luck was that I placed small bets for 1$ or 2$ max but still...a losing streak for that long can make you lose your mind and it will break your spirit and your confidence to bet and your intuition as well. I can also say that as some points I was placing random bets just to see if I'm the unlucky one or I just pick bad teams...but nothing worked.

I can also say I had a winning streak for almost 10 days but once again , placing small bets of 1$ or 2$ won't make you money but at least you will have green on your screen and that can lift up your spirit. 

The problem with most gamblers has always been with their kind of mindset as most of them do not have this mindset that you are talking aboy rather they have always wanted to rather make money off gambling and that has always been the reason why they ha e not been able to maintain good gambling habit in a long while. Only a few persons have this mindset which you just stated when they are gambling, the others only look for ways to make money off it. I have always mentioned that gambling is an expensive fun that sometimes when you are lucky you get rewarded for it but if you are not you end up loosing a whole lot to gambling because you were probably not Lucky enough.

Fun that comes with gambling isn't one that come for free, it comes with a price which will cost you some money so if you want to enjoy Gambling or see it as one of your fun activities then be ready to spend money to have fun.

When people seek fun in gambling they need to be observant of the decisions in their mind. Some players get prepared towards lots of losses, but once in the gambling house, they'll forget about all their initial plans. Then focus on doing irrelevant mistakes which will keep them down in more losses. What a player should do while having fun in gambling is giving little attention to his losses. As the concern people place on losing is what eats dip into their bankroll. Luck is not constant in gambling. Hence moving quickly towards hitting wins out of luck is quite an unrealistic action.

Players are meant to focus on enjoying their habits and learning new strategies in the process. Gambling is a fun game, of course, but our funds are the major factors that gets affected when we lose constantly. Whenever a gambler hardly remembers what he should do during a losing streak, he'll always lose. Playing and losing is a part of the game. That doesn't mean we should leave immediately after losing in a game. The most crucial thing is being able to take care of those moments when the loses are too high. At least stopping the game is the right choice to take when losing in a game.

Most gamblers will experience losing more than winning, because the risk of losing is very large in this type of gambling. If we continue gambling to get back our losses, it is the wrong choice, because we will most likely lose more. If we stop, can we stop that easily? I'm not sure, unless we have strong determination.

What you can do is gamble with the aim of just having fun, but we also have to be able to make our own rules. For example, we should not exceed the amount of money we allocate for gambling. That way we can minimize further losses and that can minimize us from becoming gambling addicts.

It is actually our choice which gambler we will become. Will we be gamblers who prioritize pleasure or other things? But what is clear is that we should not gamble excessively. As much as possible we must be able to restrain ourselves to always have good self-control, that is the key so that we don't become excessive gamblers because if we can't control ourselves, then our emotions will control us.

Everyone intention in gambling is to make money so whoever that loses, it’s just the way of gambling. Yes, it’s really really sad when we find ourselves losing multiple times without no single of winning. It seems like it’s just a difficult thing but one thing I understand that each time we win, it’s cover up a lot of losses and sometimes because of the happiness of winning no matter the amount we lost we don’t bother much again about our losses so it’s just a way of gambling. I don’t think there is much problem on it so that we not stand on my side of winning and lost losing  Quit gambling that is my suggestion .

When we hope to get passive income from gambling, of course this is very wrong, because it is impossible for us to continuously win the bets we play and it would be better if we considered gambling as a place to have fun and we must also be able to enjoy everything. the bets we play must remain within limits so that we don't spend too much of our money on gambling, because gambling too often will also make us addicted so that it will make us experience financial difficulties, of course this will never be desired by everyone. people, yes, it would be better for us to gamble when we can afford to lose the money we have and never gamble with borrowed money that makes it difficult for us to pay it off.