Should I try to win back my loss? | Bitcointalksearch.org

chris200x9

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Quote from: neolite on January 06, 2018, 04:07:28 PM

The biggest mistake is to try to recover your losses as quickly as possible. Thinking like this I lost a lot and I do not think it was happened only for me.
Now it's no longer worth betting. You can make a profit by investing in good ICO's or altcoins.

Yes, not only you every gambler will go through that situation including me. But only some gamblers will not repeat the same mistake again and again because once you come to know that gambling is not for making money then there is meaning in trying to recover back your losses. Now also I gamble once in awhile but not to make a money but just to enjoy my favourite games during my free time.

serjent05

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Quote from: oHnK on January 11, 2018, 02:17:24 PM

Quote from: yoseph on January 11, 2018, 10:59:22 AM

Are people even gambling with bitcoins anymore, i highly doubt this especially since the transaction fees are currently so high, It just go to show that one is highly addictive if he/she spends a lot of money on transaction fees just to gamble alone and eventually maybe even lose.

Some people are, if they lose with bitcoin then they will try to get it back. It is a simple thing that they will do but the transaction fees is the reason why more people will keep gambling. That will be just another reason for them not to withdraw as it is expensive and most of the time they pay less then what the site pay for the user

Some gambling casino does not charge transaction fee, one of the example is FortuneJack so you can easily withdraw your fund anytime you want. This mean, it is not the transaction that made player to gamble continuously but it is themselves who choose to gamble instead of withdrawing their winnings.

Though it is not a good practice to chase loses since they will definitely suffer more damage in doing this.

jrrsparkles

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Quote from: oHnK on January 11, 2018, 02:17:24 PM

Quote from: yoseph on January 11, 2018, 10:59:22 AM

Are people even gambling with bitcoins anymore, i highly doubt this especially since the transaction fees are currently so high, It just go to show that one is highly addictive if he/she spends a lot of money on transaction fees just to gamble alone and eventually maybe even lose.

Some people are, if they lose with bitcoin then they will try to get it back. It is a simple thing that they will do but the transaction fees is the reason why more people will keep gambling. That will be just another reason for them not to withdraw as it is expensive and most of the time they pay less then what the site pay for the user

Yes putting more money after loss is not good for a gambler because it again gives you loss only because gambling is not an easy thing it needs patient level higher than normal time and playing smarter is the best way for a gambler .

oHnK

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Quote from: yoseph on January 11, 2018, 10:59:22 AM

Are people even gambling with bitcoins anymore, i highly doubt this especially since the transaction fees are currently so high, It just go to show that one is highly addictive if he/she spends a lot of money on transaction fees just to gamble alone and eventually maybe even lose.

Some people are, if they lose with bitcoin then they will try to get it back. It is a simple thing that they will do but the transaction fees is the reason why more people will keep gambling. That will be just another reason for them not to withdraw as it is expensive and most of the time they pay less then what the site pay for the user

yoseph

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Quote from: eann014 on January 11, 2018, 09:47:58 AM

Quote from: btcloi78 on October 30, 2017, 03:41:17 PM

No, Everytime I tried to recover my losses I ended up lossing all my money.

That's true, its really hard to win back loses but if you are lucky enough then maybe you can back your loses. But if not maybe you just have to stop immediately to play gambling than to lose another batch of your bitcoin.

Are people even gambling with bitcoins anymore, i highly doubt this especially since the transaction fees are currently so high, It just go to show that one is highly addictive if he/she spends a lot of money on transaction fees just to gamble alone and eventually maybe even lose.

daringdiscovered

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Quote from: haileysantos95 on January 09, 2018, 02:18:41 AM

Trying to win the losses that you take will only lead you to more losses, its best that you should call it a day to have a more relaxing feeling when you bet again, not having the right mind to bet will lead to wrong decision.

I agree with you, getting provoked by the gambling site and deciding to continue playing gambling even you have experienced a big lose might lead to a certain situation that you might not like. Clearing your mind and thinking of other things aside from gambling would be helpful for you to think of something else which could help you to win back your loses in a safe way.

eann014

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Quote from: btcloi78 on October 30, 2017, 03:41:17 PM

No, Everytime I tried to recover my losses I ended up lossing all my money.

That's true, its really hard to win back loses but if you are lucky enough then maybe you can back your loses. But if not maybe you just have to stop immediately to play gambling than to lose another batch of your bitcoin.

BlockEye

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Quote from: michkima on January 11, 2018, 12:25:19 AM

Quote from: Hhampuz on January 10, 2018, 02:57:21 PM

Quote from: kateryana81 on January 09, 2018, 01:30:15 AM

Quote from: Creepings on January 06, 2018, 12:15:46 PM

For me, it is not that good since you are trying to win back your loss which might reverse the effect and instead of taking back your loss, you will be giving another amount to be lost. It is good if you can just set an amount to be lost and if that level is reached, better stop it because you might add another loss on the list. Better lose something you can afford right?

It is not possible at all to win back your losses in gambling. Gambling is just made to lose money, not to win. Only the house is all the time in profit, rest all suffer. Indeed, he is going to lose more in order to win back what he had lost. This is the reason why I don’t like gambling because here you have no rules and regulations but all the time, you are dependent on your luck for winning some money. Stay away from this game.

That is one of the worst thing I've read on this forum.. There's no chance at all to win back losses in gambling you say? I've done it several times and others have done it too. Obviously the house is always in profit but certain individuals will win as well otherwise there'd be no business for them to be had.. It just wouldn't go around.

I would say it is quite possible as well, however the chances of profiting is a lot slimmer when you have to put into consideration that you need to win back the losses you have incurred. Nothing is really impossible even in gambling, but due to a lot of factors the odds are always against the gamblers. Although there are people, like Hhampuz, who have won back his losses. It's really just about luck and chances, even if the odds are against you there is still a chance to win.

Yep. It is like 1 out of 10 who will make it possible, unless we are able to risk higher amount the next time we play, but still not guaranteed that we will win, like everyone keep saying it only matters on what are luck really is that day, if it's for us to regain it then be thankful, even we keep on trying better calm ourselves and take a break. Some things were not just meant to be on that time so only bet amounts we sure we will not regret if ever lose. Chasing losses is always a bad idea so better move on.

michkima

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Quote from: Hhampuz on January 10, 2018, 02:57:21 PM

Quote from: kateryana81 on January 09, 2018, 01:30:15 AM

Quote from: Creepings on January 06, 2018, 12:15:46 PM

For me, it is not that good since you are trying to win back your loss which might reverse the effect and instead of taking back your loss, you will be giving another amount to be lost. It is good if you can just set an amount to be lost and if that level is reached, better stop it because you might add another loss on the list. Better lose something you can afford right?

It is not possible at all to win back your losses in gambling. Gambling is just made to lose money, not to win. Only the house is all the time in profit, rest all suffer. Indeed, he is going to lose more in order to win back what he had lost. This is the reason why I don’t like gambling because here you have no rules and regulations but all the time, you are dependent on your luck for winning some money. Stay away from this game.

That is one of the worst thing I've read on this forum.. There's no chance at all to win back losses in gambling you say? I've done it several times and others have done it too. Obviously the house is always in profit but certain individuals will win as well otherwise there'd be no business for them to be had.. It just wouldn't go around.

I would say it is quite possible as well, however the chances of profiting is a lot slimmer when you have to put into consideration that you need to win back the losses you have incurred. Nothing is really impossible even in gambling, but due to a lot of factors the odds are always against the gamblers. Although there are people, like Hhampuz, who have won back his losses. It's really just about luck and chances, even if the odds are against you there is still a chance to win.

Hhampuz

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Meh.

Quote from: kateryana81 on January 09, 2018, 01:30:15 AM

Quote from: Creepings on January 06, 2018, 12:15:46 PM

For me, it is not that good since you are trying to win back your loss which might reverse the effect and instead of taking back your loss, you will be giving another amount to be lost. It is good if you can just set an amount to be lost and if that level is reached, better stop it because you might add another loss on the list. Better lose something you can afford right?

It is not possible at all to win back your losses in gambling. Gambling is just made to lose money, not to win. Only the house is all the time in profit, rest all suffer. Indeed, he is going to lose more in order to win back what he had lost. This is the reason why I don’t like gambling because here you have no rules and regulations but all the time, you are dependent on your luck for winning some money. Stay away from this game.

That is one of the worst thing I've read on this forum.. There's no chance at all to win back losses in gambling you say? I've done it several times and others have done it too. Obviously the house is always in profit but certain individuals will win as well otherwise there'd be no business for them to be had.. It just wouldn't go around.

haileysantos95

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Trying to win the losses that you take will only lead you to more losses, its best that you should call it a day to have a more relaxing feeling when you bet again, not having the right mind to bet will lead to wrong decision.

ELEL_ELEL

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Quote from: iluvbitcoins on October 18, 2017, 08:18:03 AM

I have around 500 000 bets placed on FJ
It was a matter of time when this would happen ( placed a lot of bets on not Martingale, so it already happened a lot of times, just not with Martingale)

I got 16 losses in a row
Starting with bet 0.000001BTC
And last bet was 0.03BTC
Counting a 0.06BTC loss total

https://image.prntscr.com/image/4W3zryuQSn6M7apKis1Zig.png

Now, my question is, should I try to win it back?

I have a total bank of around 1.6BTC on my disposal

Odds of me losing those 16 bets in a row were 0.00179%
Somewhere around 1 to 60 000

Now, if I place a 0.06BTC there's a 50.5% chance I'll lose
If I lose, I place a 0.12BTC bet, 0.505*0.505= 25.5% chance I'll lose
If I lose, I place a 0.24BTC bet, 0,255025*0,505= 12.88% chance
If I lose, I place a 0.48BTC bet, 0,128787625*0,505= 6.5% chance I'll lose

If I lose, I have a total loss of 0.48+0.24+0.12+0.06 (+0.03) = 0.9BTC (+0.03)

Is it worth it?
Should I cut my losses o.o

Odds of me losing 20 bets in a row should be 1 : 860 000
Which, with me having 500k bets, doesn't sound very good

Ofcourse lf l lose the game l will surely win back my loses. Because l know it's not just only to be a loser theres a time also for winnings. And I know that everyone monitor the game for winnings. It's really difficult to have a hope but there's something inside of me that LMAO gonna win the game.

kateryana81

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Quote from: Creepings on January 06, 2018, 12:15:46 PM

For me, it is not that good since you are trying to win back your loss which might reverse the effect and instead of taking back your loss, you will be giving another amount to be lost. It is good if you can just set an amount to be lost and if that level is reached, better stop it because you might add another loss on the list. Better lose something you can afford right?

It is not possible at all to win back your losses in gambling. Gambling is just made to lose money, not to win. Only the house is all the time in profit, rest all suffer. Indeed, he is going to lose more in order to win back what he had lost. This is the reason why I don’t like gambling because here you have no rules and regulations but all the time, you are dependent on your luck for winning some money. Stay away from this game.

neolite

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The biggest mistake is to try to recover your losses as quickly as possible. Thinking like this I lost a lot and I do not think it was happened only for me.
Now it's no longer worth betting. You can make a profit by investing in good ICO's or altcoins.

jahmes123

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I think you should just stop because the more greedy you would be the more money you would lose.

siti25

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Quote from: Dontme on January 06, 2018, 09:48:35 AM

Quote from: mirakal on January 06, 2018, 08:55:43 AM

Quote from: Uno17 on January 06, 2018, 08:04:01 AM

Why not? For me I should try winning back my losses for at least 2x maybe, but if i continue to loss on my 3rd attempts, maybe it means i should stop because luck is not on my side, or maybe its not my day, just make a try on some other days😃

It you will look at the situation of the OP, you'll see he has a long losing streak and it's possible in any kind of games, those who are brave and can take the risk will surely chase their loses and will only stop if they lose their money or win the game, with that kind of decision you just have to rely on your luck and if you fail you should accept your loses because that is your decision to chase.

Sometimes, this reason is the reason why we are going to lose more than to get it back. Because this reason makes us more attractive in money but not to enjoy anymore.

So that we are not more attractive, we do not have to think for win back our loses. Gambling as usual, gambling like you've never lost before. Gambling with a clear mind will make us more calm and if we are more calm we will not feel burdened with anything. Without thinking to win back our loses we will win back our loses if we are lucky. And we will not win back our loses if we are not lucky even though we think to win back our loses.

Creepings

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For me, it is not that good since you are trying to win back your loss which might reverse the effect and instead of taking back your loss, you will be giving another amount to be lost. It is good if you can just set an amount to be lost and if that level is reached, better stop it because you might add another loss on the list. Better lose something you can afford right?

okissabam

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Cut your losses and get out before it is too late. Don’t try to win it back with the same game , rather play another game on another day. If today is not your lucky day then try your luck the next time you play. That’s how I do it before when I was addicted to gambling online.

Dontme

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Quote from: mirakal on January 06, 2018, 08:55:43 AM

Quote from: Uno17 on January 06, 2018, 08:04:01 AM

Why not? For me I should try winning back my losses for at least 2x maybe, but if i continue to loss on my 3rd attempts, maybe it means i should stop because luck is not on my side, or maybe its not my day, just make a try on some other days😃

It you will look at the situation of the OP, you'll see he has a long losing streak and it's possible in any kind of games, those who are brave and can take the risk will surely chase their loses and will only stop if they lose their money or win the game, with that kind of decision you just have to rely on your luck and if you fail you should accept your loses because that is your decision to chase.

Sometimes, this reason is the reason why we are going to lose more than to get it back. Because this reason makes us more attractive in money but not to enjoy anymore.

mirakal

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Quote from: Uno17 on January 06, 2018, 08:04:01 AM

Why not? For me I should try winning back my losses for at least 2x maybe, but if i continue to loss on my 3rd attempts, maybe it means i should stop because luck is not on my side, or maybe its not my day, just make a try on some other days😃

It you will look at the situation of the OP, you'll see he has a long losing streak and it's possible in any kind of games, those who are brave and can take the risk will surely chase their loses and will only stop if they lose their money or win the game, with that kind of decision you just have to rely on your luck and if you fail you should accept your loses because that is your decision to chase.

Topic: Should I try to win back my loss? (Read 4056 times)