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?.
Chasing of losses by gamblers is quite natural to those of them that take it as a source of income, because if you are actually gambling for fun, you will definitely gambles with money you can afford to lose, and if in the process you fall to win, even though it ten times in a row, you wouldn't actually be bothered because that's a money you can do away without, but if you are gambling with money you can't afford to lose, that is the major reason of not just chasing losses, but it's the path that leads to addiction.
So in essence is that, if we can be able to gamble with only what we can afford to lose, we wouldn't have to chase losses in the first place, because in gambling, the more you chase losses the more you lose your hard earned money, so it's best we only stake what we can afford to lose so that we wouldn't be in that space in the first place.
