Should I try to win back my loss? - page 7.

diegz

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Quote from: Saidmod on November 30, 2017, 12:43:56 AM

Quote from: Md Saad on November 27, 2017, 12:43:52 PM

Snip

Its not, because if you are chasing with the amount you loss ypu will keep on pushing yourself to focus with that without thinking a good ways to make money. It is better to play again without chasing the money you've loss.

Chaing is a bad decision when it comes to gambling, usually it ends up terrible. As for the making money, well, we all know that not everyone is looking for money in gambling site, but sometimes it turns out to be like that for newbies in gambling.

As for the OP, man, that's plenty of red, cut it off. Breath some fresh air outside, it might help you think better or who knows, after resting, you might find a way to stop your gambling habit.

Saidmod

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Quote from: Md Saad on November 27, 2017, 12:43:52 PM

Obviously, You have to keep trying to back your loss, if you can't make any effort then how can you wish your loss back. every success comes from making effort and getting determined. so try your level best and get attached in order to make a profit through creating opportunity.

Its not, because if you are chasing with the amount you loss ypu will keep on pushing yourself to focus with that without thinking a good ways to make money. It is better to play again without chasing the money you've loss.

shield132

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Quote from: diegz on November 26, 2017, 04:58:03 AM

Quote from: mharz on November 26, 2017, 01:33:56 AM

In gambling theory, trying to win back after loses is desperately used by the gambling addict, because if you are in good thinking you can choose to escape and back if the negativity of your body were lost. Sometimes we can't win because there's a lot of negative vibes to our body due to stressed in our life. So I think it's better if we lost it first before playing.

Otherwise, if you feel that your not lucky in the games, I suggest to stopped and back on the next day. Because if you continue playing there's a possibility of instead of earning income, more loses you will gain.

It's a different story when you are in the game. Sometimes you forgot everything because of excitement. You tend to skip your meals, your chores at home, and sometimes you start to ignore people in your phone because of gambling.

But you have a point there, if you are negative, you'll have a hard time winning and if you lose, it feels like everything is falling. That is why it is better to atleast have a break in between games when you feel that you are not lucky, go out.

If anyone does that despite the fact how funny can be sounded skipping meals for gambling, he/she has very serious problems and needs psychologist as soon as possible because it's even out from abnormality. Gambling is gambling, not a profit machine or source. Game is for fun so is gambling but if anyone wishes to profit and thinks he/she is better than anyone, let's do it but don't cry when you try ro win back loses. Good luck everyone, don't go in deep..

South Park

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Quote from: Md Saad on November 27, 2017, 12:43:52 PM

Obviously, You have to keep trying to back your loss, if you can't make any effort then how can you wish your loss back. every success comes from making effort and getting determined. so try your level best and get attached in order to make a profit through creating opportunity.

That only works when you can more or less control the outcome, but this is not true when it is a game of chance, people think that just making a bigger effort is going to cut it but in gambling that is not the case, so forget about trying to earn back the money you lost, it is lost, forget about it and concentrate in something else.

Ewinsane

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Quote from: BabyBoss on November 25, 2017, 09:54:04 AM

Quote from: iluvbitcoins on October 18, 2017, 07:18:03 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

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

Sometimes, in gambling you should play with relax feelings because the moment you want to get back what you lose is what you make tense and it was so hard for you to win because your only reason why you want to win to just to win back what you lose.

I think we should always play with relax feeling in gambling. First of all we all know that it is just pure luck so there is no need to go crazy about it and no need to get disappointed in oneself after losing some bets. Its ok as it is part of this game. Secondly always enjoy whatever you do or otherwise it's useless. I also suggest not trying winning back the loss by playing same game which caused you that loss.

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Quote from: iluvbitcoins on October 18, 2017, 07:18:03 AM

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

Hello iluvbitcoins,

Sorry for not reading the whole thread, but it seems like you got yourself trapped into the gambler's fallacy.
https://en.wikipedia.org/wiki/Gambler%27s_fallacy

Quote

The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future, or that, if something happens less frequently than normal during some period, it will happen more frequently in the future (presumably as a means of balancing nature).

We humans, we need balance for stability. When some event happens, we believe it will somehow behave to make it right.
On the roulette wheel, it should be red and black alternating each spin, in a perfect world.

However things don't work that way.
You can look at probabilities (like your list of bets to place to make yourself whole) and be enticed to act.
But don't forget that each spin you take is ultimately a 50% chances to win roll.

The game don't care how much spins you've lost before.

IMO, this is dangerous to continue and you should stop your betting streak.
Just my 2 sats. Take care !

oHnK

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Quote from: MinerHQ on November 27, 2017, 08:39:56 PM

These highlighted words will suite in gambling because success in gambling does not depend on your hard work to keep trying until you get success but it depends on your luck, which is not in your control. So you shouldn't try to recover back your gambling losses in gambling instead you need to find other ways of investments to get back those losses. Another thing is if you can't afford to lose money in gambling then you shouldn't go to gambling.

it never depends on our hard work but it depends only on luck . For a guy that is not lucky like me, profit word doesnt exist in my vocabulary so even If I try to win back what I lose then I will lose alot more. Even If I can afford it, I dont think that I will ever gamble for profit again because Im just going to lose everything so there is no point to that

crwth

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It's not going to be the most natural thing to do, but I suggest for you to stop and just accept the losses. It's scary to think that you can still risk the remaining amount that you have but would you do it? In an instant you could lose everything that you have saved for and know that Bitcoin has always been increasing in value, it's necessary to keep and protect more of your bitcoin.

MinerHQ

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Quote from: Md Saad on November 27, 2017, 12:43:52 PM

Obviously, You have to keep trying to back your loss, if you can't make any effort then how can you wish your loss back. every success comes from making effort and getting determined. so try your level best and get attached in order to make a profit through creating opportunity.

These highlighted words will suite in gambling because success in gambling does not depend on your hard work to keep trying until you get success but it depends on your luck, which is not in your control. So you shouldn't try to recover back your gambling losses in gambling instead you need to find other ways of investments to get back those losses. Another thing is if you can't afford to lose money in gambling then you shouldn't go to gambling.

yoseph

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Quote from: South Park on November 27, 2017, 03:46:15 PM

Quote from: entrepmind23 on November 25, 2017, 10:57:47 PM

I also tried Martingale strategy before because I thought I will not be able to lose consecutively 25x but it happened. I tried again because there is very small chance I would have that number of consecutive losses but then I lose again 25x so I just stop gambling doing that strategy because it will just exhaust all my funds in doing so. I lost a pretty large amount in gambling because of this strategy. It is just frustrating to lose and whenever I lose, I am getting emotional so I just decided to stop gambling and shifted my attention to trading. Trading is still gambling but at least, I have a plan first before entering into a trade not in gambling wherein I just depend on luck.

It would depend on you if you want to win back your loss. If you have that much money then you can continue but there is a possibility it will exhaust your funds. If I am in your position, I would just stop for the day and then think for a while if it is really worth it.

This is what many do not understand something may seem unlikely to happen but if given enough time even some of the most unlikely things will happen, sometimes those are good things like wining the lottery but sometimes it is something bad like being hit by a lightning bolt.

Immediately after gambling, the first hing that i suggest is that you step back for a while and clear your mind because if you are not careful, you are going to make a lot of mistakes and that will be very disastrous in the long term.Immediately trying to win back your lost money doesnt always end well.

South Park

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Quote from: entrepmind23 on November 25, 2017, 10:57:47 PM

I also tried Martingale strategy before because I thought I will not be able to lose consecutively 25x but it happened. I tried again because there is very small chance I would have that number of consecutive losses but then I lose again 25x so I just stop gambling doing that strategy because it will just exhaust all my funds in doing so. I lost a pretty large amount in gambling because of this strategy. It is just frustrating to lose and whenever I lose, I am getting emotional so I just decided to stop gambling and shifted my attention to trading. Trading is still gambling but at least, I have a plan first before entering into a trade not in gambling wherein I just depend on luck.

It would depend on you if you want to win back your loss. If you have that much money then you can continue but there is a possibility it will exhaust your funds. If I am in your position, I would just stop for the day and then think for a while if it is really worth it.

This is what many do not understand something may seem unlikely to happen but if given enough time even some of the most unlikely things will happen, sometimes those are good things like winning the lottery but sometimes it is something bad like being hit by a lightning bolt.

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Quote from: JL421 on November 27, 2017, 01:15:12 PM

Quote from: roseybanez on November 21, 2017, 09:05:23 AM

I think you shouldn't . i'm just trying to tell your about my personal experiences . It's very bad when you're chasing your loss and the loss are increasing without a control and you can't do a shit about it. So quit gambling if you're not lucky in it .

chasing losses always hurt it applies same for the real life situation as well if you want to recover
something that is lost it hurts a lot and maybe even cause further problems to you should never try
to recover your losses it will just keep on increasing and will take over your life

I guess the Op knows the best answer but he's gone ahead to ask. I don't think it'll take a rocket science to determine whether or not to chase your losses because it's fatal if you give it some thought. You will need a cool head to make the right gambling decisions and with the mindset of trying to recover the losses you'll be pressurized into making some unforced mistakes which can plunge you into gambling addiction.

JL421

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Quote from: roseybanez on November 21, 2017, 09:05:23 AM

I think you shouldn't . i'm just trying to tell your about my personal experiences . It's very bad when you're chasing your loss and the loss are increasing without a control and you can't do a shit about it. So quit gambling if you're not lucky in it .

chasing losses always hurt it applies same for the real life situation as well if you want to recover
something that is lost it hurts a lot and maybe even cause further problems to you should never try
to recover your losses it will just keep on increasing and will take over your life

Md Saad

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Obviously, You have to keep trying to back your loss, if you can't make any effort then how can you wish your loss back. every success comes from making effort and getting determined. so try your level best and get attached in order to make a profit through creating opportunity.

jpoker272727

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Quote from: warwar on November 23, 2017, 08:35:19 AM

Quote from: South Park on November 22, 2017, 06:28:00 PM

Quote from: imsotiredofmoviereboots on November 20, 2017, 03:25:30 AM

Nope. You are just dragging yourself in a deeper and darker hole that could trap you forever. And another thing, I tried that martingale crap but to tell you the truth is that owners will set a high chance of loss streak for players because I lost 20x straight.

While most sites are honest we must not forget there are some shady websites out there that have manipulated the script so whenever a player bets a big amount that player losses, those kind of things have happened in fiat casinos, they fix the games, so as long as you play in trusted casinos you should be fine.

Yeah you are right there are lot of gambling website that is really fixing their games . The best way to gamble is find the best gambling.website and trusted website that is the only way to reduce your losses but should you try to.win it back? No because that is greediness that will lead to bigger losses . You should control.your self from that situation

That is the reason why people say that the house has always edge over us. They are the ones who control our luck, decide winning and losing because this is how their business can make progress.

I will not give you false hopes and honestly there is nothing like best or perfect gambling website which will care about us, the players. In order to reduce your loss, simply play with Limited amount for a Limited number of times.

FasTroy

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Quote from: Malsetid on November 26, 2017, 02:02:07 AM

Quote from: mharz on November 26, 2017, 01:33:56 AM

In gambling theory, trying to win back after loses is desperately used by the gambling addict, because if you are in good thinking you can choose to escape and back if the negativity of your body were lost. Sometimes we can't win because there's a lot of negative vibes to our body due to stressed in our life. So I think it's better if we lost it first before playing.

Otherwise, if you feel that your not lucky in the games, I suggest to stopped and back on the next day. Because if you continue playing there's a possibility of instead of earning income, more loses you will gain.

Or think about the better things that you could've spent the money you lost on. If you're not yet that addicted to gambling, the i suggest that you reevaluate your decisions after a loss. Trying to win back your losses immediatelty is one of the most atupid thing you'll ever do. Look back and clear your mind.

You are right, If you think that you can win back your loss immediately, you are wrong, because fast decision mostly are too bad, and you can lose everything if you did it, So the best thing is to stop, clear your mind and search carefully the way to win back your loss.

thesmallgod

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you can win back your lost but it has to be gradual process. if you continue to play without re-evaluating your lost you will endup losing more and more money. so you start by going through your betting streak and check the games you have lost. try to check the aspect you intend to improve. is it the number of games you play as wager or the type of bet you select? try to understand the one that giving you the most win previously. do this might help you. most time when this happen to me, i stop betting for awhile then continue later

diegz

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Quote from: mharz on November 26, 2017, 01:33:56 AM

In gambling theory, trying to win back after loses is desperately used by the gambling addict, because if you are in good thinking you can choose to escape and back if the negativity of your body were lost. Sometimes we can't win because there's a lot of negative vibes to our body due to stressed in our life. So I think it's better if we lost it first before playing.

Otherwise, if you feel that your not lucky in the games, I suggest to stopped and back on the next day. Because if you continue playing there's a possibility of instead of earning income, more loses you will gain.

It's a different story when you are in the game. Sometimes you forgot everything because of excitement. You tend to skip your meals, your chores at home, and sometimes you start to ignore people in your phone because of gambling.

But you have a point there, if you are negative, you'll have a hard time winning and if you lose, it feels like everything is falling. That is why it is better to atleast have a break in between games when you feel that you are not lucky, go out.

Jedzkie050617

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Quote from: markdario112616 on November 19, 2017, 09:35:58 AM

Learn when to stop, Statistically speaking you already incur a lot of loses in that day and It's an indication that you must stop. As you have said you still have coins to waste, If I were you I would keep it and/or invest it (even though you already have tons of coins) It's much better to not gamble it anymore. It's a lot of money, You can do a lot of things with that amount.

I won't blame you if you continue to regain your loss, This industry is a mind game it will attack not only your emotionally but also mentally. Just do your best to avoid such regrets in the future.

Trying to win back your loss might still continue to add on the number of losses you have. If you try to analyze the ratio from the number loses you have compare to your wins which your losses are many you must stop betting. You just wasting your money and your time as well. Gambling will depends on your luck, so if your lucky enough so go for betting but remember you must set aside some winning money so you could take home. Self discipline and control your emotions to avoid ruin on your financial.

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Quote from: mharz on November 26, 2017, 01:33:56 AM

In gambling theory, trying to win back after loses is desperately used by the gambling addict, because if you are in good thinking you can choose to escape and back if the negativity of your body were lost. Sometimes we can't win because there's a lot of negative vibes to our body due to stressed in our life. So I think it's better if we lost it first before playing.

Otherwise, if you feel that your not lucky in the games, I suggest to stopped and back on the next day. Because if you continue playing there's a possibility of instead of earning income, more loses you will gain.

Or think about the better things that you could've spent the money you lost on. If you're not yet that addicted to gambling, the i suggest that you reevaluate your decisions after a loss. Trying to win back your losses immediatelty is one of the most atupid thing you'll ever do. Look back and clear your mind.

Topic: Should I try to win back my loss? - page 7. (Read 4078 times)