Why People Naturally Chase loses in gambling.. - page 3.

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Quote from: noormcs5 on May 19, 2024, 12:36:45 AM

Also when they are not gambling, they are taking risk too because who knows that they may win big amount and this may help them improve their life style.
It's a tough situation to be in and if you are one of those who can afford some money loss, then I must say that you are privileged.

I do not think that there is a risk at all if they dont gamble. It is much better if they do not gamble at all so nothing to chase with.

And that is why if a gambler do not gamble at all, I understand that some may think to gamble and think of the past losses and they might try again. But if they do, that is already their problem.

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Quote from: wxa7115 on May 16, 2024, 10:02:57 PM

Quote from: CODE200 on May 16, 2024, 09:53:10 PM

Exactly, it's really weird how people are so mystified with the fact that people want to try and chase losses when that's the natural instinct that you'll have when you gamble, you try to get back that money that you've just lost, that's how they do it, maybe the reason for why they're so mystified with how gamblers chase losses probably comes from the fact that there's gamblers out there that has this one as their main cause of their losses and so they end up losing more money than they should lose. Totally agree on that, accept the losses and move on, a new day shouldn't be a reason for you to chase the losses that you've got yesterday.

Chasing our losses is natural, and this is because it is an instinct for each person to look for the best possible outcome for themselves, and when this does not happen, people do not give up on the spot and instead they keep trying to figure out ways to achieve their goals.

It is this kind of thinking that has produced some of the greatest discoveries and inventions, but just as there are scenarios in which never giving up is the right path to take, there are others in which it is a huge mistake to do so, with gambling being one of those scenarios in which chasing our losses is not a good decision.

That's right, it's an instinctual thing and although I agree with it that this has fueled us to innovation, this doesn't really justify the need for people to be chasing losses when it's not the optimal thing to do, inventing something or innovating something doesn't really equate to gambling in any way and I totally agree that it's a bad decision to chase losses because at the end of the day, you're the one that will mess it up and skew how you think of things. That's why chronic gamblers aren't easily persuaded into getting into rehabilitation because they're so addicted and they're always justifying their gambling habit.

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Quote from: hyudien on May 19, 2024, 01:00:43 AM

Quote from: mirakal on May 18, 2024, 05:44:28 PM

People chase their losses because they don’t want to see theirselves losing in the end, that is the most painful thing we don’t want to experience in gambling, yet it’s inevitable. We always have this big anticipation that we will make a big win in the end that will cover all our previous losses. We always believe that gambling is here to make us win, but in reality gambling is here to provide us winning experience at first but they’ll eventually get the funds back and put us in the losing end. This is the sad reality about gambling, it’s never our advantage actually but it’s always the gambling casino that has an edge over us.

Of course, those who chase losses really don't want to see themselves lose by gambling, the reason they continue to gamble even though they have lost is because they want to chase their losses or want to recover from losses that have caused them to lose the money they bet. But of course, even if they continue to bet, it is not the right action, there will still be losses or loss, therefore there is no definite way to recover the money that has been lost in gambling. it seemed almost impossible.
It is true that the casino has a bigger advantage, the casino's advantage in winning percentage is of course bigger than that of the players because their goal is to make a profit from the many players who gamble. with those who hope to get a big win that can cover all the losses they have experienced, it actually makes them fall deeper into gambling.

Acceptance would be the key and this is something the main issue for most gamblers on which they wont really be accepting that they are on the losers side and since we do have that ego then of course you would really be trying out to break those loses or trying to chase and this what makes the situation even more worst because of such mindset. Its natural because human beings do really hate on losing money on which means that on the moment that they would really be losing then it would really be just that what comes next will really be trying out to breakeven until they would be busting up themselves in this regard.

This is why gambling industry is really that becomes profitable just because of this kind of common behavior on which people would really be continuing to play no matter what
and as long they wont really be that become satisfied then they would really be definitely be having that trying to continue no matter what. This is something that you
will really be definitely be able to see and pretty obvious within this market.

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Quote from: mirakal on May 18, 2024, 05:44:28 PM

People chase their losses because they don’t want to see theirselves losing in the end, that is the most painful thing we don’t want to experience in gambling, yet it’s inevitable. We always have this big anticipation that we will make a big win in the end that will cover all our previous losses. We always believe that gambling is here to make us win, but in reality gambling is here to provide us winning experience at first but they’ll eventually get the funds back and put us in the losing end. This is the sad reality about gambling, it’s never our advantage actually but it’s always the gambling casino that has an edge over us.

Of course, those who chase losses really don't want to see themselves lose by gambling, the reason they continue to gamble even though they have lost is because they want to chase their losses or want to recover from losses that have caused them to lose the money they bet. But of course, even if they continue to bet, it is not the right action, there will still be losses or loss, therefore there is no definite way to recover the money that has been lost in gambling. it seemed almost impossible.
It is true that the casino has a bigger advantage, the casino's advantage in winning percentage is of course bigger than that of the players because their goal is to make a profit from the many players who gamble. with those who hope to get a big win that can cover all the losses they have experienced, it actually makes them fall deeper into gambling.

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Quote from: I_Anime on May 18, 2024, 03:40:55 PM

But still deep down there's some greed in such desire. Because at first one wasn't force to gamble he or she actually choose to . So as a gambler one should always be aware that either they lose or win . That's why is always advisable to gamble with money you can afford to lose, so that if one endup losing by any chances he or she can easily let go for a while and gamble another time when Their thinking straight instead chasing after losses and same time , endup making rash decision that may lead to more losses.

I have a different side of looking at it. Yes, those who have a lot of money they can afford to put aside some money for gambling and will not regret losing it but there are some people who do not have money to gamble. They will have to use their in-use money to gamble and hope for a win. Such people can't afford loses as a loss can make their life even more miserable. So the only option left for them is to take the risk or not gamble at all.

Also when they are not gambling, they are taking risk too because who knows that they may win big amount and this may help them improve their life style.
It's a tough situation to be in and if you are one of those who can afford some money loss, then I must say that you are privileged.

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Quote from: target on May 15, 2024, 02:02:49 PM

The goal of getting back the loss seems a natural reaction as you say. If someone takes something from you, you obviously will object and will likely take it back. The problem is that when we get it back we want more thinking we got it back easy so we might as well win easily. Getting even is not enough.

I totally agreed with you, in gambling getting back what we have lose is never enough, we always want more of it, and that is why we still hunger for more and we still go for it too despite knowing fully well of the risks involved and might still lose the more and it's a natural occurrence and stopping it will be very very bad, so instead of chasing for a lose immediately, they should take a breath, then after a while, they should resume gambling, that way won't make them to lose more.

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Quote from: Fivestar4everMVP on May 15, 2024, 01:52:29 PM

One of the reason why many gamblers naturally chase after their lose is due to one thing that is built into every game known as the "near miss effect", after every loss, a near miss effect makes our brain believe that a win is very close, and this automatically makes the player to keep playing and playing, even while he or she is losing, his or her brain convinces itself that a jackpot is just around the corner, this makes the player keep playing until he or she discovers that his or her bankroll is empty, this is when anger and regret usually sets in, you begin to feel like you were not really yourself all that time you were gambling, like you were hypnotized or something, and you only regained consciousness of yourself when you have already gambled all your money away.

That is exactly the reason why people gamble at lost. When people have that mindset that they gonna win someday somehow and they end up being trapped in hallucination or illusion of the impossibility. I know some guys who usually gamble endlessly with the hope of wining big anytime soon, yet those words end up being a. Empty hope. After losing for several decades there mindset where changed by reducing the level at which they gamble why some hasn't changed or stopped. I believe in your statement which says that people Chase loses due to the effect known as "near miss effect" and U find that to be true.

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Quote from: Fivestar4everMVP on May 15, 2024, 01:52:29 PM

Hi everyone,
Here actually is my finding on why people chase loses in gambling, do you know that it's natural for a gambler to chase after his or her loses? Well, if you don't know, now you know, it is natural in the sense that ; the desire is inbuilt, it is we ourselves that learn to put or subject the desire to our control, same way it is natural to feel bad when you lose a bet, but you can be happy if you choose to, and can control your emotion.

Everyone's expectations are really high. People want as much as they can get. Once he wins gambling, the desire to win once more builds a nest in his mind. On the other hand, if a person loses once, the desire to win becomes intense. Then he can't control himself so they lose. Actually, it is a natural source. It arises automatically in the mind and influences the human brain. So I think it is better not to go with gambling.

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Quote from: Fivestar4everMVP on May 15, 2024, 01:52:29 PM

Hi everyone,
Here actually is my finding on why people chase loses in gambling, do you know that it's natural for a gambler to chase after his or her loses? Well, if you don't know, now you know, it is natural in the sense that ; the desire is inbuilt, it is we ourselves that learn to put or subject the desire to our control, same way it is natural to feel bad when you lose a bet, but you can be happy if you choose to, and can control your emotion.
.

This is very very true mate, as humans we have so many traits that comes naturally with us and some of them actually needs mind training and focus before we can actually adjust to such inbuilt characters. One of the major traits in us that kicks in everytime is that of the greed to always want to win more despite even with the first initial intentions of wanting to get to particular point and even when that is achieved the greed to continue always naturally comes to play and this is natural for every humans so it's now left for us to control that urge and make correction to override that thought and stick to what is seen being content with the wins we get when gambling.

Naturally to chase loses after a game is a common thing but that doesn't mean we can't control it and it's that inability to control these certain traits that lead so many people to getting being addicted or even feeling regretful always when they are gambling.

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Quote from: Fivestar4everMVP on May 15, 2024, 01:52:29 PM

So, from your own understanding, what do you think makes people chase loses aside greed which I believe many of us are already familier with?.

After a gambling loss the gambler will try to recover his money. There are many who cannot accept their losses and there are many who accept losses but do not want to take much time to recover those losses. Because of this, the gambler plans to chase the loss quickly and loses more. Loss-chasing gambling by a gambler is not unfamiliar, but when a gambler tries to recover his losses by engaging in uncontrolled gambling, he loses his money. Due to his mistake, there is a possibility of losing all the wealth he has. There are some gamblers who behave abnormally in their gambling. Their greed increases to such an extent that it is responsible for their losses in the future. A gambler must be patient in gambling. A gambler who conducts more gambling , the more likely he is to lose. And when the losing parentage increases, he will be more desperate to recover the lost money.

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Quote from: Hispo on May 18, 2024, 05:34:45 PM

Quote from: Riginac111 on May 18, 2024, 05:03:19 PM

To chased your loss in gambling is totally good for my understanding but the thing is that it has a disadvantages situation whereby will be addicted in gambling why it is not what you plan to do so it will be good for someone who is a gambler to at least have a particular moment so that whenever he this is in gambling he will not be chasing the loss

Actually chasing losses is one of the most counter productive things one can end up doing in a casino. The feeling and the need to get one's money back is kind of natural and expected, nobody wants to lose money after all, but it is kind of obvious chasing losses does not help to get money back, but rather lose it even further.

I have seen a few cases in which gamblers have managed to get their losses back by going in a revenge spree and double down on their wager, but those situations are very limited and not the rule, but the exception.

People chase their losses because they don’t want to see theirselves losing in the end, that is the most painful thing we don’t want to experience in gambling, yet it’s inevitable. We always have this big anticipation that we will make a big win in the end that will cover all our previous losses. We always believe that gambling is here to make us win, but in reality gambling is here to provide us winning experience at first but they’ll eventually get the funds back and put us in the losing end. This is the sad reality about gambling, it’s never our advantage actually but it’s always the gambling casino that has an edge over us.

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Quote from: Riginac111 on May 18, 2024, 05:03:19 PM

To chased your loss in gambling is totally good for my understanding but the thing is that it has a disadvantages situation whereby will be addicted in gambling why it is not what you plan to do so it will be good for someone who is a gambler to at least have a particular moment so that whenever he this is in gambling he will not be chasing the loss

Actually chasing losses is one of the most counter productive things one can end up doing in a casino. The feeling and the need to get one's money back is kind of natural and expected, nobody wants to lose money after all, but it is kind of obvious chasing losses does not help to get money back, but rather lose it even further.

I have seen a few cases in which gamblers have managed to get their losses back by going in a revenge spree and double down on their wager, but those situations are very limited and not the rule, but the exception.

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Quote from: I_Anime on May 18, 2024, 03:40:55 PM

Quote from: lienfaye on May 17, 2024, 12:58:28 PM

Quote from: Fivestar4everMVP on May 15, 2024, 01:52:29 PM

So, from your own understanding, what do you think makes people chase loses aside greed which I believe many of us are already familier with?.

When we want to recover back our losses, it's not often because of greed but I think it is more on the feeling of unable to accept the fact that you lost your money by playing. The eagerness to recover it is a human nature since we don't want to give up the money especially if our main desire when we decided to use it in gambling is to gain in snap (and that's greed).

Well, it's understandable to have such intention everytime we face losses. However, it's not a good habit since it can only lead to further losses if you can't control yourself. The reason why it is crucial that before you use your money in gambling, be aware of the consequences especially if you're not fortunate to win.

But still deep down there's some greed in such desire. Because at first one wasn't force to gamble he or she actually choose to . So as a gambler one should always be aware that either they lose or win . That's why is always advisable to gamble with money you can afford to lose, so that if one endup losing by any chances he or she can easily let go for a while and gamble another time when Their thinking straight instead chasing after losses and same time , endup making rash decision that may lead to more losses.

The point is that a gambler is required to have an overall correct understanding of how gambling actually is, on the other hand, it is true as you say that there is no coercion at all from any party that forces them to gamble, which means they gamble on their own will and decision, therefore if in the end they experience a downturn then they themselves must be blamed for treating gambling in the wrong way.

Actually, in my opinion, for the problem of adverse effects it depends on how they understand gambling itself, because if for example they do not understand the whole about gambling and only see in terms of winning opportunities, it is clear that most likely they will only lead themselves to many downturns, one of which is experiencing a greater amount of loss as you said, because if they understand that the risks in gambling can never be avoided completely, it is less likely for them to take various actions that will only harm themselves.

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To chased your loss in gambling is totally good for my understanding but the thing is that it has a disadvantages situation whereby will be addicted in gambling why it is not what you plan to do so it will be good for someone who is a gambler to at least have a particular moment so that whenever he this is in gambling he will not be chasing the loss

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Quote from: I_Anime on May 18, 2024, 03:40:55 PM

But still deep down there's some greed in such desire. Because at first one wasn't force to gamble he or she actually choose to . So as a gambler one should always be aware that either they lose or win . That's why is always advisable to gamble with money you can afford to lose, so that if one endup losing by any chances he or she can easily let go for a while and gamble another time when Their thinking straight instead chasing after losses and same time , endup making rash decision that may lead to more losses.

Creating self awareness and self-control is the key to a less loses in gambling. It allows an individual or gambler to take full responsibility of their stakes, gives them the confidence to play more result oriented games where they can win more than they will lose. Not taking charge of your mental ability to make decisions during gambling is directly proportional to lack of effective results in gambling.

People wonder why they cannot benefit from gambling than others, aside from the natural luck that comes into play, attaining some level of self control in the process of gambling, brings out more positive results and achievements. Because you can then choose what to stake and what not to as well as your behavior towards loses in the gambling games.

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That's an interessing topic but it would me more interesting if you've provided some scholar links about this psychological effect. It mostly happen at slots IMO because unlike most gambling games, you don't know what are the winnings you can expect when you spin. While at other games you play for a known multiplier of your stake. I don't think this near miss effect is very strong for games with low winning mulitpliers like Blackjack or Baccarat for example.

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Quote from: JMBitcointernational on May 18, 2024, 02:28:57 PM

Quote from: Fivestar4everMVP on May 15, 2024, 01:52:29 PM

Hi everyone,
Here actually is my finding on why people chase loses in gambling, do you know that it's natural for a gambler to chase after his or her loses? Well, if you don't know, now you know, it is natural in the sense that ; the desire is inbuilt, it is we ourselves that learn to put or subject the desire to our control, same way it is natural to feel bad when you lose a bet, but you can be happy if you choose to, and can control your emotion.

One of the reason why many gamblers naturally chase after their lose is due to one thing that is built into every game known as the "near miss effect", after every loss, a near miss effect makes our brain believe that a win is very close, and this automatically makes the player to keep playing and playing, even while he or she is losing, his or her brain convinces itself that a jackpot is just around the corner, this makes the player keep playing until he or she discovers that his or her bankroll is empty, this is when anger and regret usually sets in, you begin to feel like you were not really yourself all that time you were gambling, like you were hypnotized or something, and you only regained consciousness of yourself when you have already gambled all your money away.

This has happened to me few times, and from it, I've leant to always be conscious of myself and my decisions while gambling, making sure I do not allow my brain to deceive me into believing that my losses is because a win is around the corner, making me to gamble way more than I've planned to.

So, from your own understanding, what do you think makes people chase loses aside greed which I believe many of us are already familier with?.

The desire to chase for your loses is actually inbuilt @op even when most gamblers claim that they are not after their loses, no human being on earth is ever happy for any single loss, and that is why there is always a zeal to replace it and to find any alternative measures to cover for the lost amount. Gambling requires patience, time and consistency and that is why it is very imperative to wait patiently and restrategise for the next step.

most times as a gambler we allow our brain to decide for us and our emotions to control us, it is always nice to plan and make a decision before staking bets so that we don't end up losing much of our funds to bet because there is always a desire to go after any single loss. i have been a victim of such a mistake when i lost a small amount in a bet and i was so angry that staked another bet to recover the amount that i lost but at the end , i lost more than expected, so i will encourage and advise any gambler you has the habit of chasing after his or her loss to desist from it because you might end up losing more than you expected.

We all get pissed off when we loss, but no doubt overtime we have learnt to accept whatever outcome.
What if we consider chasing after a loss this way, when our allocated amount for that day hasn't been met, you are free to gamble,and only a wise man will know that the plan should be to recover and quit to be ready for the next day, I can't say that's is "chasing our loss", But. When we have exhausted the amount left for that day after the loss as a discipline individual aside gambling you will understand that you quit and wait till the next opportunity.
This also gears down to having a set plan and rules.

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Quote from: lienfaye on May 17, 2024, 12:58:28 PM

Quote from: Fivestar4everMVP on May 15, 2024, 01:52:29 PM

So, from your own understanding, what do you think makes people chase loses aside greed which I believe many of us are already familier with?.

When we want to recover back our losses, it's not often because of greed but I think it is more on the feeling of unable to accept the fact that you lost your money by playing. The eagerness to recover it is a human nature since we don't want to give up the money especially if our main desire when we decided to use it in gambling is to gain in snap (and that's greed).

Well, it's understandable to have such intention everytime we face losses. However, it's not a good habit since it can only lead to further losses if you can't control yourself. The reason why it is crucial that before you use your money in gambling, be aware of the consequences especially if you're not fortunate to win.

But still deep down there's some greed in such desire. Because at first one wasn't force to gamble he or she actually choose to . So as a gambler one should always be aware that either they lose or win . That's why is always advisable to gamble with money you can afford to lose, so that if one endup losing by any chances he or she can easily let go for a while and gamble another time when Their thinking straight instead chasing after losses and same time , endup making rash decision that may lead to more losses.

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Quote from: Fivestar4everMVP on May 15, 2024, 01:52:29 PM

Hi everyone,
Here actually is my finding on why people chase loses in gambling, do you know that it's natural for a gambler to chase after his or her loses? Well, if you don't know, now you know, it is natural in the sense that ; the desire is inbuilt, it is we ourselves that learn to put or subject the desire to our control, same way it is natural to feel bad when you lose a bet, but you can be happy if you choose to, and can control your emotion.

One of the reason why many gamblers naturally chase after their lose is due to one thing that is built into every game known as the "near miss effect", after every loss, a near miss effect makes our brain believe that a win is very close, and this automatically makes the player to keep playing and playing, even while he or she is losing, his or her brain convinces itself that a jackpot is just around the corner, this makes the player keep playing until he or she discovers that his or her bankroll is empty, this is when anger and regret usually sets in, you begin to feel like you were not really yourself all that time you were gambling, like you were hypnotized or something, and you only regained consciousness of yourself when you have already gambled all your money away.

This has happened to me few times, and from it, I've leant to always be conscious of myself and my decisions while gambling, making sure I do not allow my brain to deceive me into believing that my losses is because a win is around the corner, making me to gamble way more than I've planned to.

So, from your own understanding, what do you think makes people chase loses aside greed which I believe many of us are already familier with?.

The desire to chase for your loses is actually inbuilt @op even when most gamblers claim that they are not after their loses, no human being on earth is ever happy for any single loss, and that is why there is always a zeal to replace it and to find any alternative measures to cover for the lost amount. Gambling requires patience, time and consistency and that is why it is very imperative to wait patiently and restrategise for the next step.

most times as a gambler we allow our brain to decide for us and our emotions to control us, it is always nice to plan and make a decision before staking bets so that we don't end up losing much of our funds to bet because there is always a desire to go after any single loss. i have been a victim of such a mistake when i lost a small amount in a bet and i was so angry that staked another bet to recover the amount that i lost but at the end , i lost more than expected, so i will encourage and advise any gambler you has the habit of chasing after his or her loss to desist from it because you might end up losing more than you expected.

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Quote from: Fivestar4everMVP on May 15, 2024, 01:52:29 PM

So, from your own understanding, what do you think makes people chase loses aside greed which I believe many of us are already familier with?.

When we want to recover back our losses, it's not often because of greed but I think it is more on the feeling of unable to accept the fact that you lost your money by playing. The eagerness to recover it is a human nature since we don't want to give up the money especially if our main desire when we decided to use it in gambling is to gain in snap (and that's greed).

Well, it's understandable to have such intention everytime we face losses. However, it's not a good habit since it can only lead to further losses if you can't control yourself. The reason why it is crucial that before you use your money in gambling, be aware of the consequences especially if you're not fortunate to win.

Topic: Why People Naturally Chase loses in gambling.. - page 3. (Read 757 times)