Topic: Similarities Between Cashback Wagering Requirements and Chasing Losses (Read 68 times)

Yes in both cases the gambler is hoping to win. But the preexisting emotions are different. When you are just about to deposit and start playing, you see the cashback offers as a bonus but that’s it. You are going to play with still some confidence in you.

Meanwhile when you start losing and you keep playing, you are already emotional and frustrated. And you are going to have  a stronger desire to win so that you can gain back your losses.
The only vague similarity between them is that in both cases you are feeling like there is a safety net below you. Since you have a cashback offer, you feel as of you are not really losing your money. If you try to recover your losses, you also feel that you basically didn’t lose your money. It’s like that.

Cashback can never be the same or greater than the amount of money that has been lost, chasing it will only result in more loss of money and this will only be like someone chasing loss because there is no benefit in either scenario.
It just that the cashback requirements with chasing losses cannot be interpreted the same because in the cashback requirements gambler must have certain amount of bets on certain types of bets too and that just cashback in an amount that is much smaller than the money lost, to chase victory itself is an attitude that I think is done by someone with their own ambitions.

It only becomes false hope if you think the cashback rewards offered would be enough to offset the losses that you made. It's more on the mental side of things imo. And in that regard, the fact that cashback gives back something compared to chasing losses which "may" give back something is pretty big imo since in the first place, if you're going to lose, you might as well get something back no?

I won't deny that cashback is just a marketing stunt by casinos, but at the end of the day you as a gambler will still play. And would still lose. So at that point, I'd only see it as a benefit really.

Of course, cashback is just a marketing ploy. The goal of this marketing ploy is that the casino hopes to encourage the player to play more actively. However, this is not always the case. The player may not pay attention to losses and may not continue to place bets after losses. In other words, you do not need to chase losses because of cashback. But there are many players who do exactly that. It is difficult to say what percentage of such players are. We do not know these statistics and I am not sure that anyone collects such statistics.

That's an excellent observation. And I completely agree with you regarding the cashback offer and loss tracking as per the wagering requirements. Both strategies entice players to continue playing. Often under the illusion of "Second Chance" What makes them similar is the psychological trap they create. Which makes you believe that if you keep going You're close to winning.

Another similarity is the sense of urgency they both induce. When you chase the loss You are always in a hurry to make up for what has been lost. And it's often a bad decision. The same applies to cashback bonuses. Especially when you realize the need to bet. It can feel like a race against time to satisfy that need. And before you know it You have placed more bets than you originally planned. In the end Both situations take advantage of the player's emotional state. Whether it's the frustration of losing or the misguided belief that it's one more spin. One more bet Can change everything And in fact, it often leads to even deeper loss.


You're to the point! There is no doubt that casinos offer these bonuses to keep players engaged. But the main difference, as you mentioned, is the cashback offering. Of course, you must meet those requirements to claim the bonus. It's almost like dangling a carrot in front of the players. To entice them to keep spending in hopes of getting that “raw” energy.

Interestingly, those chasing these bonuses are often the same people chasing losses. In both cases Logic revolves around the idea that another check or bet can turn the tables. Which ultimately keeps players in that spending pattern. In fact The line between tracking bonuses and tracking losses is blurred. Both of these feed on each other. In fact It makes you wonder how much your bonus is worth considering other bets. It's all you've done in an effort to meet those requirements. Has anyone here really managed to see refunds effectively?

Nothing new since the casino always wants a player to keep coming but if you are just coming to chase the loss without trying to fulfill a requirement then you miss that bonus. That's the difference, you get a bonus when you spend enough to meet that requirement.

Those who tried getting a bonus because of the offer I think are more serious in their gambling spree and they are also the ones who also chase the loss.

No, because there are no similarities!
Chasing losses means you are betting on your own with a target because you previously lost, nobody is chasing wagering requirements as a goal to get their money back before the loss actually happens, so while one is a set of mind that is triggered by an event the other is just a byproduct of specific conditions.

But yeah, in the mind of someone who keeps piling loss after loss they might look the same, just like a guy with a hammer who only sees nails around him.

I see a similarity between cashback offers with wagering requirements and chasing losses. Here's why. In both of them, you will want to keep on playing in the hopes of the possibility of an eventul win which almost don't happen.False hope. Rather what happens the player losses more money because you are going to be betting more. What they have at the back of their minds while placing more bets in both scenarios is that they are being given another chance to recover their losses. Lies. And then even when you want to stop, it becomes difficult because you keep telling yourself you must win.You can't leave empty handed. Has anyone noticed any other similarities between cashback wagering requirements and chasing losses?