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Topic: Should I try to win back my loss? - page 10. (Read 4078 times)

MMA
legendary
Activity: 1134
Merit: 1000
November 17, 2017, 06:12:38 PM
you can just reverse your losses if your investment is more and your strategy is better to win you just because you did not know what youtube yoon you are using. That's not the reason that strategy has been used and that it's a computer so it's a good idea to decide your strategy for your own thinking. And you'll remember that gambling is risky.
Yes you should try to reverse your lost but up to a limit. because if you will continue to recover your lost and instead you are losing your investment again and again then it can cause a big lost therefore if we have setup a limit for our investment then we should not exceed the limit in any case and should even stop recovering our money.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
November 17, 2017, 05:47:33 PM
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



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
Never try to win back the money you have lost, once lost it does not belong to you, it is over and that is the way that you should look at it, I know that if you do the math the chances of losing do not look that bad but once you begin playing losing that many times in a row is not really that difficult.
sr. member
Activity: 714
Merit: 250
November 17, 2017, 05:25:51 PM
First off, I think gambling is not a good way of earning coins. Gambling in general is not a good way, because when you lose, you would always want to win it back, and thus, you are obliged by your own self to play more, which would prompt you to probably lose some more. I think, like in the reply, if you have experienced a series of loses, you should walk away and regroup instead of jumping on the gun immediately, your judgement and your motive is different and you tend to be blinded by the fact that you are losing a lot already.

People, listen to this man.
I was lucky I won, I could of just as easily lost.

Don't gamble with what you can't afford to lose, EVER!

Any money you put into gambling must be reserved for the game
For fun

And if you win, you win, if you lose, you lose Wink

I agree,  it's always just a matter of acceptance and as we will move on after what had happened upon the scenario whether losing or at winning luck. All those chances and fortunes that we're going to experience in every moment, still not a good idea to expect more losses recovery. Because it's frustrating when you have to analyze it due to gambling always been biased to losses probabilities, and we cannot prevent thaf to happen as well. So it's better to think of another alternatives in order to gain another sources of profit asid of betting again just to get a recovery of your money loss.
sr. member
Activity: 700
Merit: 250
November 17, 2017, 03:50:33 PM
The tendency if you want to win back your losses is that you have to spend again to win back your losses meaning there are more chances of you to lose again. So if I were you I wouldn't win back my losses and just invest instead.
full member
Activity: 490
Merit: 100
November 17, 2017, 01:47:25 PM
Why not what's wrong in that gambling is a luck based game if it's your day you can easily recover your loss and might even get a profit but you need to he sure that it's surely your day if you still lose then it's better to stop and try recovering your losses later
not its wrong its clearly showing that you are addicted you shouldnt gamble if you cant afford to lose that money if you lose you shouldnt grieve about it you should  just forget that money if you try to recover it you will get more loss
seriously you would always feel you won't hit the losing streaks freaquently , the next one should be your time to win back what you have lost. you might successfully make it happen smoothly for short term only but when you do it continuously ? give it a try and you would find out that gambling are not profitable at all. it's only give you a temporary satisfaction.
That is right. gamblers who are always looking revenge to win back of what he/she have have loss is seems it already have a gambling addiction, but for me it is not a good practice since we cannot predict the result if we can surely win after the come back and the tendency is the chances of losing more will increase. So much better to limit the value of betting and control what we can only afford to loss.

meanwhile if he still come back to tried to win back his loss, he can make another loses with the games and i think his loses will be bigger than before. and he can not win back the loss and only make loss again. if he can not control this, he will become more addicting in gambling and the money his losing will be bigger too.
I think that the risk do not have to say if it comes about gambling. players about it never think and as a result, remain empty pockets.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 17, 2017, 06:55:26 AM
Why not what's wrong in that gambling is a luck based game if it's your day you can easily recover your loss and might even get a profit but you need to he sure that it's surely your day if you still lose then it's better to stop and try recovering your losses later
not its wrong its clearly showing that you are addicted you shouldnt gamble if you cant afford to lose that money if you lose you shouldnt grieve about it you should  just forget that money if you try to recover it you will get more loss
seriously you would always feel you won't hit the losing streaks freaquently , the next one should be your time to win back what you have lost. you might successfully make it happen smoothly for short term only but when you do it continuously ? give it a try and you would find out that gambling are not profitable at all. it's only give you a temporary satisfaction.
That is right. gamblers who are always looking revenge to win back of what he/she have have loss is seems it already have a gambling addiction, but for me it is not a good practice since we cannot predict the result if we can surely win after the come back and the tendency is the chances of losing more will increase. So much better to limit the value of betting and control what we can only afford to loss.

meanwhile if he still come back to tried to win back his loss, he can make another loses with the games and i think his loses will be bigger than before. and he can not win back the loss and only make loss again. if he can not control this, he will become more addicting in gambling and the money his losing will be bigger too.
member
Activity: 560
Merit: 10
November 16, 2017, 10:39:43 PM
you can just reverse your losses if your investment is more and your strategy is better to win you just because you did not know what youtube yoon you are using. That's not the reason that strategy has been used and that it's a computer so it's a good idea to decide your strategy for your own thinking. And you'll remember that gambling is risky.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
November 16, 2017, 09:54:05 PM
First off, I think gambling is not a good way of earning coins. Gambling in general is not a good way, because when you lose, you would always want to win it back, and thus, you are obliged by your own self to play more, which would prompt you to probably lose some more. I think, like in the reply, if you have experienced a series of loses, you should walk away and regroup instead of jumping on the gun immediately, your judgement and your motive is different and you tend to be blinded by the fact that you are losing a lot already.

People, listen to this man.
I was lucky I won, I could of just as easily lost.

Don't gamble with what you can't afford to lose, EVER!

Any money you put into gambling must be reserved for the game
For fun

And if you win, you win, if you lose, you lose Wink
Well before gambling reserving the amount is the good thing, whether it's won or lost that should not affect our living. This is possible when we has the mind to play with what we can afford as well the mind to accept loss. Trying to get back the losses is like risking ourselves into a big trap. Better is to gamble without expectations, and possibly such users will be more lucky to win big.
full member
Activity: 546
Merit: 100
November 16, 2017, 09:05:13 PM
Why not what's wrong in that gambling is a luck based game if it's your day you can easily recover your loss and might even get a profit but you need to he sure that it's surely your day if you still lose then it's better to stop and try recovering your losses later
not its wrong its clearly showing that you are addicted you shouldnt gamble if you cant afford to lose that money if you lose you shouldnt grieve about it you should  just forget that money if you try to recover it you will get more loss
seriously you would always feel you won't hit the losing streaks freaquently , the next one should be your time to win back what you have lost. you might successfully make it happen smoothly for short term only but when you do it continuously ? give it a try and you would find out that gambling are not profitable at all. it's only give you a temporary satisfaction.
That is right. gamblers who are always looking revenge to win back of what he/she have have loss is seems it already have a gambling addiction, but for me it is not a good practice since we cannot predict the result if we can surely win after the come back and the tendency is the chances of losing more will increase. So much better to limit the value of betting and control what we can only afford to loss.
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
November 16, 2017, 07:05:26 PM
First off, I think gambling is not a good way of earning coins. Gambling in general is not a good way, because when you lose, you would always want to win it back, and thus, you are obliged by your own self to play more, which would prompt you to probably lose some more. I think, like in the reply, if you have experienced a series of loses, you should walk away and regroup instead of jumping on the gun immediately, your judgement and your motive is different and you tend to be blinded by the fact that you are losing a lot already.

People, listen to this man.
I was lucky I won, I could of just as easily lost.

Don't gamble with what you can't afford to lose, EVER!

Any money you put into gambling must be reserved for the game
For fun

And if you win, you win, if you lose, you lose Wink
hero member
Activity: 798
Merit: 500
November 16, 2017, 06:59:52 PM
The psychology of gambling is play again and again to gain what you lost. It is not advisable to do the attitude playing. My advise is play with what you have in hand and planned to play. If lost you should take a break and relax and if you decide to play then play. Otherwise it lead you to the disaster of your financial conditions.
That would only happen if you do not have the control that is necessary, you cannot chase your loses all the time because you are just making a suicide on that one, just always be realistic and remember that not everyday is your winning day. There are times that you lose, what is important is you are willing to accept in order to minimize your loses.

Lol its your money that was lost and your decision on what to do with it. Though if you think it through, reason would tell you its never a good idea to apply a "never give up" attitude when it comes to gambling.
Once we are on the situation, and we lost multiple times, we still wanted to get even atleast or to know if we will still be able to win again even just the portion of what we lose, again stop doubling your bet when it hits 10 times because it is too risky. The chance of getting more reds to come is greater than to wait for it to green then bet to cover your losses.

I recommend not to try winning back that loss mate, because you might be frustrated against the current situations that you will going to face. Even how eager you play aggressively in order to win and yet its not your luck, you will fail most of the time specially when you're in panic of your game bets. The best options to do now is move on and play another chances in an occasional situations so that you won't be addicted for more lucky gaming chances. Because if you stay longer time with that gambling habits, I bet you will become more pursuant in achieving gambling profits which is not possible all the time due to low probability of winning in gambling and more losses to occur rather than winnings.   
legendary
Activity: 3038
Merit: 6194
Meh.
November 16, 2017, 06:38:01 PM
The psychology of gambling is play again and again to gain what you lost. It is not advisable to do the attitude playing. My advise is play with what you have in hand and planned to play. If lost you should take a break and relax and if you decide to play then play. Otherwise it lead you to the disaster of your financial conditions.
That would only happen if you do not have the control that is necessary, you cannot chase your loses all the time because you are just making a suicide on that one, just always be realistic and remember that not everyday is your winning day. There are times that you lose, what is important is you are willing to accept in order to minimize your loses.

Lol its your money that was lost and your decision on what to do with it. Though if you think it through, reason would tell you its never a good idea to apply a "never give up" attitude when it comes to gambling.

I'd say it depends on your situation and how much you can afford to lose. If you are good for a gazillion dollars I'd say that mental makes more sense Cheesy. But true, if you are just a casual gambler who plays for around $100 weekly or monthly it's not a good idea. It can spiral out of control pretty quickly..
legendary
Activity: 1148
Merit: 1097
Bounty Mngr & Article Writer https://goo.gl/p4Agsh
November 16, 2017, 06:35:23 PM
The psychology of gambling is play again and again to gain what you lost. It is not advisable to do the attitude playing. My advise is play with what you have in hand and planned to play. If lost you should take a break and relax and if you decide to play then play. Otherwise it lead you to the disaster of your financial conditions.
That would only happen if you do not have the control that is necessary, you cannot chase your loses all the time because you are just making a suicide on that one, just always be realistic and remember that not everyday is your winning day. There are times that you lose, what is important is you are willing to accept in order to minimize your loses.

Lol its your money that was lost and your decision on what to do with it. Though if you think it through, reason would tell you its never a good idea to apply a "never give up" attitude when it comes to gambling.
Once we are on the situation, and we lost multiple times, we still wanted to get even atleast or to know if we will still be able to win again even just the portion of what we lose, again stop doubling your bet when it hits 10 times because it is too risky. The chance of getting more reds to come is greater than to wait for it to green then bet to cover your losses.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
November 15, 2017, 11:23:52 AM
The psychology of gambling is play again and again to gain what you lost. It is not advisable to do the attitude playing. My advise is play with what you have in hand and planned to play. If lost you should take a break and relax and if you decide to play then play. Otherwise it lead you to the disaster of your financial conditions.
That would only happen if you do not have the control that is necessary, you cannot chase your loses all the time because you are just making a suicide on that one, just always be realistic and remember that not everyday is your winning day. There are times that you lose, what is important is you are willing to accept in order to minimize your loses.

Lol its your money that was lost and your decision on what to do with it. Though if you think it through, reason would tell you its never a good idea to apply a "never give up" attitude when it comes to gambling.
copper member
Activity: 1442
Merit: 529
November 14, 2017, 08:54:00 AM
If you only think about getting back your loss then it is 100% proven that you will lose even more. If you set goals and try to stay within these goals chances are higher for you to make your loss back. It is like that, if you don't set a weekly bankroll you risk to lose a lot of money. For example in sport betting set a weekly limit of 0.021 btc and play 0.003 each bet. You have set your max loss during the week which will be 0.021 btc in the worst case scenario. By doing like this you are educating yourself in gambling what it is called self control. Once you master it in the long run I am pretty sure you will see more green than red(talking only about sport betting).
hero member
Activity: 998
Merit: 504
November 14, 2017, 08:36:26 AM
Honestly for anyone asking the same question just don't do it. Strike it off as a loss because your likely to rush to try and get it back and end up losing a lot more. I wish I learned this sooner in life.
When you once lost, never try to get it back. Things are better when you leave gambling, when you are an addict of this, you can’t make anything better in your life. Because whatever you want to make good, gambling will reverse it and at the end of day, you will be ending with a lot of losses rather profits. So be vigilant, make your decisions wisely. Never try to return back once lost.
If you havr a capability to bet high and read the flow of the game then maybe you can try to win it back, but if you try it often and failed multiple times then better quit, maybe gambling too hard is not for you. Find some activities that will worth your time and effort. The moment we try it sometimes thats the only time will know if it's worth it than just reading random stuffs here.

i think he can trying to win back his loss but he need to understand that he can not always win back his money because the house is always win in the end. so if he don't want to lose more money, then i suggest that he don't try this and only playing without thinking to win back and only using limit money.
Limiting yourself and playing within restrictions are just useless and waste strategies that are only for your own understanding and making your mind easy with all that stuff. Gambling is not better rather it is harmful for all those who are getting into it. You can’t just rely on it being better source of earning money. Don’t return back when you lost once, you will loss again.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
November 13, 2017, 10:36:41 PM
The psychology of gambling is play again and again to gain what you lost. It is not advisable to do the attitude playing. My advise is play with what you have in hand and planned to play. If lost you should take a break and relax and if you decide to play then play. Otherwise it lead you to the disaster of your financial conditions.
That would only happen if you do not have the control that is necessary, you cannot chase your loses all the time because you are just making a suicide on that one, just always be realistic and remember that not everyday is your winning day. There are times that you lose, what is important is you are willing to accept in order to minimize your loses.
member
Activity: 154
Merit: 10
November 13, 2017, 12:53:32 PM
The psychology of gambling is play again and again to gain what you lost. It is not advisable to do the attitude playing. My advise is play with what you have in hand and planned to play. If lost you should take a break and relax and if you decide to play then play. Otherwise it lead you to the disaster of your financial conditions.
legendary
Activity: 1442
Merit: 1025
November 13, 2017, 12:44:37 PM
Chasing losses is not advised, big balls op if you did and succeeded, then you are in the less than one percent of people who tried and succeeded. The other 99% had to learn the hard way.
It is very difficult that you would make out of your losses and win via gambling. This is because gambling is totally dependent upon the luck and there are no chances to win after a great loss because both the mental stress and unusual results add up to the loss of control on one’s emotions. Hence, the betting again results in a loss and the cycle goes on continuing until you are left with the only option to sell your stuff in the house to pay debts and as well as to recover the losses.
legendary
Activity: 1442
Merit: 1008
November 13, 2017, 05:39:23 AM
Why not what's wrong in that gambling is a luck based game if it's your day you can easily recover your loss and might even get a profit but you need to he sure that it's surely your day if you still lose then it's better to stop and try recovering your losses later
not its wrong its clearly showing that you are addicted you shouldnt gamble if you cant afford to lose that money if you lose you shouldnt grieve about it you should  just forget that money if you try to recover it you will get more loss
seriously you would always feel you won't hit the losing streaks freaquently , the next one should be your time to win back what you have lost. you might successfully make it happen smoothly for short term only but when you do it continuously ? give it a try and you would find out that gambling are not profitable at all. it's only give you a temporary satisfaction.
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