Revenge Gambling, Is That the Right Way When You Lose? - page 3.

Zlantann

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Quote from: Patikno on Today at 11:53:08 AM

➥ Have you ever done revenge gambling?
➥ What is your biggest win/loss from revenge gambling?
➥ What do you think about revenge gambling in general?

I have tried chasing losses in my early gambling days and it didn't end well. I have lost some amount and was tempted to keep betting hoping the recover my losses. I ended up staking more than I could afford to lose which made me to take a loan for survival. Can't remember the amount but it was equivalent to my weekly wage. I have also heard several stories about loss chasing and most of them didn't end well. The easiest means to become addicted to gambling is to engage in consistent loss chasing. Revenge gambling like you call it should be avoided because it can cause more harm than help.

Findingnemo

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Quote from: Patikno on Today at 11:53:08 AM

Losing and winning are common things in gambling, some even think that these two things are a cycle. Doing revenge gambling can be one way to get back the previous bankroll that has been lost, this just happened to me last night, I lost $250 in my gambling section, then I made another deposit twice as big as before, and it ended up with $1,000+ in my bankroll. Many people think this is a bad habit, not having management in gambling, but if I didn't do that, maybe I would have lost last night.

God, you were lucky but in my perspective if your second deposit is $500 then you would have ended with -$750 instead of $1000 so there's no way it can be justified as right thing, you took some wild decision at the moment and that's supposed to happen once in a while but don't make it as a habit cause the right term for that is 'chasing our loss' which mostly end up badly.

I have some principles and never try to chase my loss is one of it so I can get away with minimal loss than forcing it to more because of my stubbornness.

stompix

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This is not revenge gambling, this is Loss Chasing!
It's actually one of the first signs that should tell you you're close to an addiction and you need to stop it now!
It is much based on the same gambler's fallacy that if you have lost 10 times you will not lose 10 times again, which of course's not true, and will only result in you losing much more now that you play haotic and increase the bet in order to recoup those losses.
In short, the worst kind of betting you could do!

Quote from: Patikno on Today at 11:53:08 AM

Many people think this is a bad habit, not having management in gambling, but if I didn't do that, maybe I would have lost last night.

And if you would have lost that again what would you have done?
Doubling again, playing some sort of martingale on random events that are not influenced at all by what the previous bet result was?

Cantsay

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Quote from: Patikno on Today at 11:53:08 AM

Many people think this is a bad habit, not having management in gambling, but if I didn't do that, maybe I would have lost last night.

Would you have this same thought if you had lost those deposits you made? I

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I have a few questions for you guys regarding revenge gambling:
➥ Have you ever done revenge gambling?

Nope, I haven’t made any deposits just so I can go after a money I lost in gambling - this is the same as chasing after a lost and I believe it’s good for gamblers to realize how much they are risking when they indulge themselves in it.

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➥ What is your biggest win/loss from revenge gambling?

I haven’t chased after a lost before so it’s safe to say that my total revenge gambling lost (as you called it) is $0 and same goes for my win - I’ve lost during normal session currently I’ve been on a losing streak but still haven’t gone back to chase them.

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➥ What do you think about revenge gambling in general?

It’s a bad practice, yes there is a possibility of you winning back what you lost and even more but still there a possibility of you getting lost in the process and then making deposits or using an amount that you won’t be able to lose just because you thought you’d win more if you make use of it.

Wiwo

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Revenge gambling you mean chasing your loses in other terms, and this could be good and also bad depending on the outcome of your new session, I have also experienced same thing with yours so me times in fact on a repeated basis I have chase my loses, but most often than none I end up losing more, and the reason is that, each time I me I engage in that partten of gambling, in the last session I am always carried away with my quest to win the bet at all cost and this make me lose more.

But u can say that you are lucky to have been able to recover your previous loses and even make some gains from the current session, but still yet gambling is a risk it either win or lose and the house is always at advantage the reason why many lose more than win.

Patikno

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Losing and winning are common things in gambling, some even think that these two things are a cycle. Doing revenge gambling can be one way to get back the previous bankroll that has been lost, this just happened to me last night, I lost $250 in my gambling section, then I made another deposit twice as big as before, and it ended up with $1,000+ in my bankroll. Many people think this is a bad habit, not having management in gambling, but if I didn't do that, maybe I would have lost last night.

I have a few questions for you guys regarding revenge gambling:
➥ Have you ever done revenge gambling?
➥ What is your biggest win/loss from revenge gambling?
➥ What do you think about revenge gambling in general?

Topic: Revenge Gambling, Is That the Right Way When You Lose? - page 3. (Read 201 times)