Topic: If we lose in gambling, what do we need to do? - page 38. (Read 4193 times)

A lot? I think you should consider quitting for good or quit until that greed pass. I think it's already been said countless times that chasing it will just lead to more losses and that's a fact we can't deny. I suggest to start getting some work or leave gambling for good.

I like the first sentence "gambling is a place to spend money" it shows how simple your question is to answer. When we lose or win one thing amongst these two should be done; stop or continue playing. Even those who win big can give gambling a break, if they're fed up with gambling. Too much of gambling can reduce some people's interest in gambling. Just like spending so much money on a single product can cause lose of appetite in the product. We may think that playing too much leads to addiction. I don't agree. Sometimes it leads to lesser engagement in gambling. If a person continues playing games, despite losing numerous amount in gambling, eventually he'll get fed up. Only those who don't mind gambling as a place to spend money would rush to chase losses and end up being disappointed. Because, chasing losses, is not the best way to spend money. Once we're satisfied with the fun. It's expected of us to rest and wait for when next we feel like to gamble. The reason why players always end up not giving gambling a break is because of the returns promised to them. And it's obvious they do not win up to their expectations. Those who enjoy gambling with their spare time and money, have higher chances of making accurate predictions. As their mind is at rest, and they don't get worried or sad at any losing result. They've programmed their day and time, when to start and end for the day. Hence, no specific decision is right about Op's question. Stopping immediately after losing can hinder us from winning or losing more if we continued. Nobody knows what would have been the outcome if we played a little more. That's why I'd advise people to set up time duration for their gambling activities. And never to stop playing, regardless of losing or winning, until the time elapse. For instance, people gamble in football. It's a 90 minutes game and the match never ends until the time is up. Whether a team is losing they keep playing and most times we've seen the losing team end up winning the game or getting a draw. It's just like a relatable example of what we need to do as gamblers.

One of the most simple things when it comes to gambling is staying within your means, maybe even creating a "bankroll" for certain games like poker which will dictate the size of room that you play in. If you have $100 allocated to spend on gambling each week, then you need to decide how to use that - either all in one session or you split $20 across five days for example. Then you need to keep track of the balance you've spent on a particular day, otherwise the gambling house can obfuscate it by a constant drip feeding of small wins. Lots of gamblers, even if they refuse to admit it, suffer from the problem of chasing losses but keep such a poor grip on their losses that they forever feel like they're in a black hole and are unlikely to climb out of it, the only way to get out is accepting the painful reality that you've lost all that money.

Those who think that casinos or gambling can be considered as an earning source or place, I think they are in a world of misconception. Casino or playing gambling I think is totally a part of entertainment, should it be used only for entertainment purposes. And I think it is very dangerous to enter here thinking of something else or become addicted.


My opinion in this regard is that before investing money here, you should think that this money will never come back. Because in some cases gambling completely depends on luck. So it is natural that there will be loss and gain here
In this case I will say that, when you gamble, set a specific strategy that may be your budget, such as you lose this (xxx) amount of money then you will not do more gamble that day. It is not only used in the case of gambling losses, but also in the case of profit, you can set a certain amount that after the profit, you will not gamble again that day.

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.

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

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.

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.

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.


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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.  

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.

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.

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.