If we lose in gambling, what do we need to do? - page 38.

mvdheuvel1983

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Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

In your opinion, what should we do if we have lost a lot of money on gambling?

What do you expect us to tell you if you lose in gambling? To stay and keep gambling? To chase losses? You already know the answer to these questions that you have posed to us as no one in their right thinking mind would tell you to keep gambling. Even in the non gambling world, when you keep experiencing failure and setback you are told to take a break try something new or different or quit it to totally. From the last sentence you can get the answer to the questions that you have posed.

rachael9385

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Nothing rather than going home and hustling for more money than if you like to go back, you can or quite gamble Grin

.

We will always be sad to lose money on various things and not only gambling. People who gamble for fun will do nothing, but people who gamble for profits will hustle for more money and go back the next day to gamble thinking they will gain back the money that they lost some days ago.

Gambling is something lucky and nobody should think that gambling is an earning right or, if they lose, it is a must to gain back the money that they lost in gambling. However, earnings are not guaranteed through gambling. That is why even if you think that you are prepared for it, you will still end up losing more money. For me, I think that the only time people win by gambling is only when their mind is settled and not planning the money that they think they will win.

Issa56

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Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

If you have just suffered a big financial loss and are attempting to make up for it, you should stop. You'll face pressure, which will cause you to lose more money. I will simply advise you to stop gambling if you are currently losing a lot of money at it because if you keep going, you will definitely want to chase your losses, which is extremely risky. Simply remain calm and place the responsibility for your massive gambling losses on yourself if you suffer a significant financial loss. Then you've learnt your lesson, and next time you are gambling, just gamble with the amount you know it's not going to hurt you. Gambling shouldn't be done for the sake of making money.

BitcoinPanther

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Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

In your opinion, what should we do if we have lost a lot of money on gambling?

Accept the fact that we lost and don't feel bitter and don't have regret. It was our decision to gamble in the first place and our decision how much we will spend on our gambling activity. If ever it impacted us negatively, try to learn from out mistakes and only gamble what we can afford to lose.

Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

Chasing losses is one of the worst mistake a gambler can do. Just think that every gambling session is a fresh start. This way we won't be pressured to chase losses of the previous activities. Quitting or leaving gambling is all up to the person so I won't suggest that they should stop their gambling activities.

JoyMarsha

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I haven't for a day lost a lot of money to gambling but if I should find myself in such a situation, what I will do is try as possible as I can to withdraw my gambling involvement that day to try again another day(if they need should be) since that day doesn't have my lucky star. Trying to recover my losses from gambling that day, would have me lose more money which I won't find funny.

It is better to try again later than insist on recovering your losses while you lose in between.

abel1337

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Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

There are many ways how gamblers act when they completely lost on their gambling session but for me the best thing to do after losing is to close the casino website and stay calm. Rest, eat outside or talk to friends or someone, there's a high chance that you won't hold a grudge and do revenge gambling. Though I think it's way better to control yourself first before doing gambling like having a strict budget on gambling. That way you won't think of doing revenge gambling on the casino. The more you think about it the more frustration you will have and if you end up playing again, the chance of you losing will go higher.

Findingnemo

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Quote from: Tuturtinular on October 09, 2023, 10:08:41 AM

Quote from: Findingnemo on October 09, 2023, 09:28:54 AM

The term "a lot of money" is subjective to one's financial status so only you know how much is a lot of money for you.

I have an acquaintance, a businessman, he owns a lumber factory. He said he sold his 2 trucks because he lost gambling, and he lost them in just 3 months. Maybe his financial condition didn't suffer because of that, but for me it was a very big losses

Let's say those 2 trucks are worth 5% of his total asset value then it's acceptable but still it shows that he didn't learn from the mistakes he made which is important for a business man. Anyway, he told you that he suffered due to that loss financially or you just related to that situation on your own?

Because its totally different and you can't compare someone's risk tolerance level with yours.

macson

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Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

All gamblers must have lost big, i have also experienced that, but i didn't stay down for long and was able to get up. The thing you must do when you are losing at gambling is to reflect for a moment and think about what things made you lose at gambling and usually people lose at gambling because they don't have a good plan about how much capital they will spend and when they should stop play. Gambling is an activity like a double-edged sword, as long as you are able to control yourself so as not to go too far then you can definitely avoid defeat.

Juse14

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In doing other things, when we experience failure, what we have to do is to keep trying again until we achieve success, and when we experience defeat, what we have to do is get back up and keep trying to achieve victory. However, it seems that this does not apply when we gamble because after all, when we talk about gambling, we are talking about luck. So what we have to do when we lose in gambling is to stop the activity for a moment. We must be able to realize that the longer we gamble, the greater the loss we will experience. Luck doesn't come every time we play, so it would be ridiculous if we had to spend money just for one game, we have to remember that there are still days ahead to be able to get lucky in gambling.

Oilacris

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Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

When you do lose money, then this is the most common thing that people do;

1. Chase up their losses and play as long they do have the funds
2. Stop on point and call it a day
3. Become impulsive and finding ways to have funds to play even more
4. Become that too desperate on which taking up some loan or borrowing funds
5. Selling out their posession like things or whatever it might be

Results or outcomes would really be that entirely be depending on someones decisions because if you do find yourself that too impulsive on things then you would really be
definitely be ending up on making bad decisions on which this is something that must avoid. Be sensible towards your actions and on how you to treat up gambling
because its never been a main source of income or something that could bring out sure profits. This is built and been created for the sake of entertainment and not
for money making and this is the one of the most common mistake on which people do really be able to commit out because of that wrong assumption on things
which arent supposed to be done in the first place.

Nwada001

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Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

If you ask me what I will do if I have lost a lot of money in gambling, which I really have not, but if I happen to fine myself in such a case (which I don't pray to you), the best thing for me to do is to just stop and limit the amount that I use to bet on games each time I want to gamble in order to reduce my losing amount.

The best choice for me to stop this is because I will use my losing experience to advise myself. I will have to calculate how much I have lost during this time period that I have been playing, and if I continue playing in the name of wanting to recover, what guarantee do I have that I will recover every penny that I have lost or even part of it? And if I lose this next game in the name of trying to recover, will this not be another number added on top of what has already been previously lost? The best is just to stop and move on with life.

_BlackStar

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Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

Stop gambling if your goal in gambling is to double your money. Don't gamble for more money than you can afford – that's obviously bad. Spend your money on something useful like investments or other things - that is quite wise advice for you if you really want to value money.

Even if you promote a gambling signature, I don't think you are obliged to gamble. The inflation sweeping the world has made it difficult for many people to earn more money than they need - so think twice before you gamble for money. If you really want to gamble - then set a limit on your budget. 5% of your total income is fine - invest the rest.

Vaskiy

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Once we've lost big, and if we have the plan to continue gambling it is kind of addiction. Another thing, in such situation we need to be very careful. At any cost we should not have the plan to recover what we've lost. This worsen the gambling addiction, and better way is to take a break and keep ourselves engaged into some other activities.

Whenever we get into something, it is good to make some research and further move forward. Most of the gamblers never know the losing side. They dream of making big money out of gambling and experience a change of life. This isn't the reality with majority of the gamblers and unexpected loss makes them down. To avoid such circumstances it is good to have basic understanding and then get into gambling.

cabron

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It's not unusual for gamblers to chase the loss though. It's been done by several gamblers who couldn't sleep thinking of how much was lost from their pockets.

You stop playing and try your luck the next day. That's what you do. There is nothing else to do but stop once you lose your capital for the day. Unless you wanna deposit more of your coins because you are not done for the day. There are many opportunities later. It's best not to hurry.

uswa56

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Quote from: AprilioMP on October 09, 2023, 11:49:33 AM

Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

Strangely, those of us who know that gambling is a place to spend money, actually we keep trying to find money every week to gamble.

What should we do when we lose at gambling? Stop, we lose and that's not a solution in my opinion. I will continue gambling until the money I have spent is returned. Once I get the money back, I will lower my gambling level just for the sake of it.
It is not difficult for me to do it reduce the level of gambling because I have done it before so I can say to myself that I have already done my control regarding gambling.

Indeed, things like this are very strange for some people, but I think everyone has their own reasons for spending money on gambling.
I think if we have not experienced an addiction to gambling then it will be easy to stop gambling, but if we have experienced an addiction it will be very difficult to stop and reduce the level of gambling maybe only some people can do this and if you can reduce your level of gambling of course you are very good at controlling yourself in gambling and you will not experience a lot of losses when gambling. Of course you really understand when is the right time to do it and when to stop gambling.

Fiatless

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Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

Casinos and bet houses are not places to spend or waste money. Nobody goes to a casino intending to lose money. I go to the casino to make more money and to have some fun. We know that in most cases we lose bets but we also win and in some cases, we can win big.

Quote

In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

It depends on your level of gambling. If you are a responsible gambler you can decide to take a break after a long time of losses. You can use this time to evaluate your gambling and make adjustments where it is necessary. For me, if it is not affecting your finances negatively, you can keep staking because you might be lucky one day. But if you observe that you are having any form of gambling disorder that has led to uncontrollable gambling adventures, I think there is need to stop and seek solutions. It is dangerous to pursue losses because it is one of the main causes of gambling above your means. We should always bear in mind that we cannot beat the house. You can never be certain that you can win so there is no need to chase losses because gambling outcomes are unpredictable.

Ruttoshi

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Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

Gambling should be done for fun and that is why you should not use the amount that you can't afford to lose to gambling because it will make you start chasing your losses. It will not only stop there, but you will continue to lose more and finally, you will end up being an addict, which is the worst.

Self-control is what one need, for him to be able to enjoy his gambling activities. Gambling should be seen as a means of entertainment and not to make profit, if you understand it this way, you will not run at loss because you will gamble responsible.

If I loss a huge amount of money based on my greedy nature, I wouldn't chase my loss because it will only lead to more losses. What I will do is to go on a break, and have to understand what is gambling is, so that I can plan on how to gamble responsible and also learn how to control my emotions, before I will come back to gambling.

Cookdata

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Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

Not all of us, I can speak for myself. My deposit << my withdrawals and that indicate that I win and I'm ahead of them but you are not wrong about that. Most gamblers that bet, ask them around amount of money they win since they have started playing, you will be shock about their responses, they don't win and the onew that win, it's smaller in amount, even you do the maths, they are only playing with optimism but after the long day, they hardly make something significant.

Quote

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

When you lost money to gambling, there is absolutely nothing you can do about that, move on and if you must change your routine for the day, try and do as much to remove the lost from ringing in your head. You can try the next day but don't play with the mindset of making back the previous losses else you will on lose more. You can invite a friend over to play, it will remove the thought of making back the previous losses you have had in the past.

AprilioMP

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Quote from: Tuturtinular on October 09, 2023, 09:09:57 AM

In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

Strangely, those of us who know that gambling is a place to spend money, actually we keep trying to find money every week to gamble.

What should we do when we lose at gambling? Stop, we lose and that's not a solution in my opinion. I will continue gambling until the money I have spent is returned. Once I get the money back, I will lower my gambling level just for the sake of it.
It is not difficult for me to do it reduce the level of gambling because I have done it before so I can say to myself that I have already done my control regarding gambling.

Hispo

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Quote from: Docnaster on October 09, 2023, 11:39:21 AM

Quote from: Hispo on October 09, 2023, 11:26:48 AM

If anyone has lost a relatively high amount of money to their own standards and can't let it go, then that person is not supposed to continue gambling, let alone chasing previous losses.

I would better to take time off gambling and casinos in general and move onto different activities which could fill the void of such activity.

Sometimes I messes with my mind how so many people can believe they can chase losses and will end up doing okey, even having so many examples of people who tried and failed. One is not supposed to believe one is special in comparison to others in regards of luck and randomness...

One mistake that a lot of gamblers do is that whenever they're losing a relatively big money, they'll want to gamble more in other to win back the already lost money. That approach has made majority of gamblers to end up as gambling addicts in their quest to recover their money.
When one loses a lot of money in gambling, there's very little chances of recovering the money immediately when he gambles more because he would be gambling out desperation to win. So it's advisable to avoid gambling for awhile after losing huge money in gambling.

It does not even have to be a "huge" amount, by the way. Just big enough for the gambler to feel remorse and desperation and starts to chase the money out control. Something relatively similar happened to me, I was rolling dices when sudently lost more than I was comfortable with. I panicked and thought about increasing my wager in order to chase those bucks I lost, however, after a while I realized that in reality my plan will likely lead me to more loses, so I swallow my pride and logged out.

Topic: If we lose in gambling, what do we need to do? - page 38. (Read 4225 times)