Topic: Slow down if you want to recover your losses - page 3. (Read 733 times)

Well to some people martingale works; that is the idea of betting twice as what you've lost in order to be able to recover from your losses. On my end, I won't suggest it because of the risk involved with it. Some people are using strategies of such with the same idea. But to the extent I view it, that's just frustration dominating a gambler. I quite of cool down when I am losing. I am taking a pause because maybe that is not my day. Oushing through would give you a bigger chance to lose more, that's just how gambling works.
There's still a difference. Gambling is different from what the story is implying; perseverance, meaning, consistency will give you the bright outcome. However, no matter how consistent of a gambler you are; if you are not lucky, you'd lose. No matter how you slow things down, if you'd lose then you'll lose. That is why moderation should be the key not to win afterwards but to moderate your losses until fate sides on you.

The tale of tortoise and how he won the race against the hare is one big emphasis on how taking things slow can encourage a recovery for losses incurred. It is almost as if energy in the form of momentum is gained during this period.
It is paramount one keeps the eyes on the price and seek ways to navigate the losses inorder to avoid much loss.
New ideas and strategies will be made revealed if one can listen during the slowing down period.

Well said. Plus, by doubling, each new loss is way bigger, in a (desperate) attempt to recover all the previous (and ever increasing) loses.
Indeed, the sure path of getting very fast to zero.

Martigale is good, but probably just in theory. In practice, with the house edge ensuring that all gamblers will become losers, I believe Martingale makes larger and faster the possibility of going to ZERO. Plus it's not very good for your sanity. I would choose to buy Bitcoin at ATH, and HODL through with a -70% loss during the bear market over doubling my bet everytime it's a loss then seeing it become another loss, then another and another and another!

It's like the known tip of "take it easy". As you slow down, it's not all about giving up but giving up is also another step forward for someone who's been into losses.
But in your case, if you've taken your time and took easy as you slowed down the process of taking back your losses. It's something to take into account that you really have to take one step at a time and don't be too furious if you're on a losing streak. The timing will be in your favor if you don't take things hastily.

Sometimes acceptance about what might possible happen is really needed but its really hard to do this especially if we are been challenge by those loses and we want to get back on those down time. Although other didn't get a best result, but some other people got intense result but expect that this scenario happens on whales. So if you are not a whale we should manage our expectation and avoid all excessive things.

It's easy to say but it's actually difficult when you are in that situation.
Recently, I had the same experience, I am losing a lot of my bets in sports and even when the games are not over yet, I am trying to chase the losses already.
When you have access to the site, emotional control seems to be going away from you.
You just want to take back whatever amount was gone until you are satisfied or you lose everything.
Although it can be done, it will not be an easy task, it needs strict discipline.

Right I also find it more aggressive betting through Martingale strategy as you have more chance of losing through it and can also go beyond your budget but don't know it somehow works for some players and they recommend it but for me it's not good so avoid it according to me as well.

For me it is better to quit and restrategize after a big lose. Trying to recover your loss can be counterproductive. You might be tempted to stake more than your budget or your limit when you are gunning to recover your losses. But slowing down and betting in less risky games might also be a fair option as all long as it is not above your budget or limit. But from my experience, the more I try to chase my losses it is the more I go deeper into losses. Therefore, I have learnt to take a break or go home after incurring some losses. It gives me the strength and strategy to come back and enjoy my game and not necessarily to pursue my losses.     

Slowing down and going back to smaller size bets is a nice idea to try and recover our losses. I might give it a try next time I face a bad gambling evening. There a few issues however for me when it comes to recovering losses in one session. First of all, I am a huge fan of martingale strategies, so whenever I face a loss I kind of have to double my betting sizes to recover all my previous losses. The problem here is that this leads to large bets fairly quickly when suffering a few losses in a row. Normally I don't believe in loss streaks, but there are evenings for me where I can't get into the greens at all, no matter how hard I try. Usually when facing too many losses I tend to switch games and start from scratch. Going from Black Jack to Roulette or Dice, is a good switch for me. Slowing down could also be a good idea when facing a loss streak, this would help with the issue of losing a lot of money quickly due to doubling up every bet. Instead of trying to recover our previous losses in one single bet, the idea would be now to stick to smaller bets and recover over a longer period of time. Another problem is also my head, whenever losing 3-4 times in a row my brain keeps telling me it's only one more round for me to win. It feels a bit like I deserve to win now because I lost so much already, which is of course not true. The rounds are not connected and the casino doesn't know how much I lost or won, the chances are always the same.

I think there are a lot of people who use that strategy in crypto gambling. Because I know a gambler who has a little resemblance to what you do to recover from a loss somehow.

His strategy is that he only has a limit on the amount of his bet in each game he plays, and when that is reached, he moves to other casino games. Apart from that, when he wins a jackpot in gambling when he returns to playing again, he will first spend a week and then he will gamble again.

That is a good strategy.I have learned by playing slot machines that chances are higher when you are playing with the smallest available bet to play longer and thus having more chances to get the bonus round or feature game and maybe to win big.This is not assured when you play with a big bet as a huge balance is needed to play longer at that bet although usually the slot machine in the bonus round or feature game tends to give you much better winnings when you are playing with a big bet but that is a high risk.

The best advice will always be...  not to chase your losses, but your strategy is more focused on slowing down your own emotions. When players lose a lot of money, the emotions like "anger" kick in... and they want to have the last say or some kind of revenge... and that is the worst place to be in.

I also switch to something "smaller" ... to calm my emotions, when I hit a losing streak. If I can control that situation... I tend to hit something bigger to perk up my mood. 

You slowing down those not really mean you will win back your loss, I don't really know how many times you have tried the strategy and it works for you, if it's just once or twice then I can say it's just a luck, but if it happens frequently then I can say the pattern works for you. If am losing in a bet, I don't even try to win back my loss at that moment because I will keep on losing, no matter how I slow down, the only thing I do whenever I noticed I already lose enough money is to stop gambling at that moment and come back later.

I am not 100% sure how it is in Blackjack, but I imagine it is similar, if not the same as in Poker. A good bankroll management implies betting smaller when you have losses, in the case of Poker going down a level, and I imagine that the case you mention is similar.

In the same way, when you have profits you can bet bigger, because the point is to have a minimum of x times the bet, so you avoid the risk of bankruptcy in case of a bad streak.

Of course, I prefer to manage my bankroll by betting EV+. With EV- games, no matter how well you manage the bankroll, the long term tendency is going to be losing, although with good management the money will last longer.

then yes  , OP had been into gambling for such a time and now with realization on how to manage His losses, meaning that he had been into many things before and now learn His lessons.
actually this is what most gamblers must do but if we can manage to accept the fact that it is not easy and need perseverance and full dedication to succeed .
and discipline mate , because no matter how big or small the luck if you cannot control yourself from playing then everything will gone in after the luck.

I think gambling requires a certain amount of luck because all of the games in the casino had a house edge that gives the casino owners a slight advantage over players, it is still risky betting a smaller amount of money while trying to recover losses since the house edge for the game is still the same. Over the long run, I think some players might still lose all of their remaining money if they got unlucky while trying to recover their losses.

Good advice here because all of us needs this to have , but the problem is that how can we afford to slow down when eagerness comes to place?
the main issue in this is that we often seek to win when the truth is losses is what we have gotten .
maybe try to analyze our self first , try to understand our thoughts and our dedication , if it is to win or to enjoy.

Good for you if you can manage to do this. Many gamblers I suppose cannot easily feel at ease when the losses are increasing. I myself can testify that there is really that strong urge, that itch, to try to quickly recover all of them, at once if possible. This is probably the reason why the Martingale strategy was developed and widely used until now even if it is already proven that it is not a sound strategy. Sometimes, many gamblers cannot just accept that they're losing. For as long as they have the money, they will always try to recover them, and as quickly as possible.

Tbf, I've never actively tried to "recover" losses in cases of gambling. If it's lost, then well, it's lost, done and over. I'd rather prioritize having fun, no matter how simple or dumb the game is (or my actions are), though it's understandable if some want to actually recoup (though honestly, I'd rather you go into trading in that case instead of gambling).

After a big loss I just usually stop and go find some healing activity. It can be some reading, (usually immersive ones), sleeping, or exercising. I don't try to go back to gambling itself since, well, emotions get the best of me (and maybe for others as well). OP is pretty careful with that though since he can handle that slow recoup by playing rather often even after a big loss.