Chasing losses - Double down bet or Bet twice?

[pawanjain]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

That is what called as revenge betting. You are basically taking revenge by betting more than you can afford to lose.
You are chasing the loss without controlling your emotions which eventually lands you in trouble.
What I do is when I lose 3-4 consecutive attempts to recover the loss then I prefer to stop gambling for the day and come back next day.
This is how I control myself from over gambling and stay in the limits.

[LogitechMouse]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

Bet using the same amount multiple times.
Increasing bet size is almost the same as martingale strategy, and it might be working for others, but not for most of the gamblers especially for those who are chasing losses.

I've seen gamblers increasing their bet size, so that they can recover faster, but I would take the safer approach, and be disciplined. I did try that "increasing bet" strategy in the past, but I ended up losing all of my money. On the other hand, currently I'm trying to be disciplined, and not chasing my losses and so far, I'm having more success on that than increasing my bet size. I mostly bet on sports and statistics are very helpful in choosing your bets as it increases your chances of winning (at least for me) so in that way, I'm slowly recovering my past losses.

[noormcs5]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

In your bad mood, what if you increase your bet size to the total loss and win that bet ? This means that now you loss will be double.
Same if you bet the same amount, you can lose another bet and it will pile up your losses. In my point of view, both these choices are not good because you are in fact chasing your loses.

As per main personal experience if you start to chase the losses on the same day you will never succeed. The best bet is that you stop playing for the day and come back again to gambling after a day or two with a fresh mind and fresh emotions. Maybe luck changes and you start again on a winning streak.

[348Judah]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

That is what called as revenge betting. You are basically taking revenge by betting more than you can afford to lose.
You are chasing the loss without controlling your emotions which eventually lands you in trouble.
What I do is when I lose 3-4 consecutive attempts to recover the loss then I prefer to stop gambling for the day and come back next day.
This is how I control myself from over gambling and stay in the limits.

Don't be surprised that this may actually work out for some gamblers just that only on a rare occurrence, our dexterity doesn't count most times when we sound very eager to win, the harder we try the lesser result we see, which means it's not actually onbthe rate of amounts being used or the mind well determined for winning, it's all by luck and how accurate we are in predicting over games we play when gambling.

[rahmad2nd]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

Are you damn serious? It's casino, how can you aim to hit a winning streak to recover? What if you don't recover? Are you going to lose your whole balance?
If I were you, I would dedicate certain amount of money for gambling and wouldn't care about win/lose ration.

At least, I believe the OP has been aware of the risks. after all, the OP has said he always has a dilemma when it comes to chasing losses. The OP also explained that when he's in a good mood, he always bets using the same amount, until he reaches the point of having his luck. well, which becomes a problem when the OP is in a bad mood. OP, got carried away by his emotions and led him to bet increasing the size of an uncharacteristic amount. if it wins, it is good luck for him. if he loses, he will suffer a greater loss.

But despite all that, we agree with what you say. it would be nice when we do gambling sessions, not really expecting rewards to get high wins. or it could be, play loose with a pre-budgeted amount regardless of winning or losing. most importantly, we continue to enjoy every gambling session without having to always chase losses.

[seoincorporation]

I think doubling up the bet is a better strategy than betting twice, at least that way has worked better for me. Always when I try the bet twice method I end in a bust because when we are on a bad streak that means we will lose most of our bets. So, the long run is was take our money. But, with the martingale as OP mentioned we can recover with a single win and move on chasing the profit side.

[romero121]

It is not good to gamble when you're in bad mood. We have big plans, but we fail on execution. Yesterday I received my signature earning and I was able to double the amount received, but when I went in making just a single dollar I failed and lost everything just because I tried to have my wallet balance to be same after the wager. Here what I did is just went on doubling the bet amount. This means if you're lucky, doubling the bets could bring big money. When the choice is to safe gamble it is good to bet twice. Chasing losses is the bad decision one should never think with gambling.

[Iroh]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

I would say it’s not wise to play with emotions. Whether you’re losing or in a winning streak, you shouldn’t let your emotions cloud your judgement and forget when to stop. That’s the key; knowing when to stop.
When having losses while playing, it’s best to stay calm if you want to continue playing. Do not let the pain of losing overshadow your ability to reason. If you can’t, it’s best to pack up, nurse your bruised ego and go home.
Different things works for different people but I would not advise anyone to chase and try to win their losses back. It most times ends up in more losses.

[Beparanf]

Are you damn serious? It's casino, how can you aim to hit a winning streak to recover? What if you don't recover? Are you going to lose your whole balance?
If I were you, I would dedicate certain amount of money for gambling and wouldn't care about win/lose ration. It would be better for my mood, better for my budget and better for everyone.
Just my piece of advice: If you have been gambling for money for a while and find it difficult to stop yourself alone and do double bet and similar budget destroying things, just write down the plan that if the balance reaches X amount, you'll just turn off the game and don't gamble that day! Remind this to yourself, stick with your plans. If you feel nervous, just go to the GYM and spend your energy there.

Your reasoning is not cut out on gambling logically. The only way to win in the casino is to have a win streak. Let’s say you are increasing your bet to recover your loss, it’s still useless if you are not winning consistently no matter what is your strategy.

If I were you, I would dedicate certain amount of money for gambling and wouldn't care about win/lose ration. It would be better for my mood, better for my budget and better for everyone.

Why you will dedicate money on gambling if winning is not your top priority. This doesn’t make sense and a common post by user that doesn’t gamble at all. You can play gambling games on playstore and appstore using play money if your goal is not to have profit to save you time and money.

Just my piece of advice: If you have been gambling for money for a while and find it difficult to stop yourself alone and do double bet and similar budget destroying things, just write down the plan that if the balance reaches X amount, you'll just turn off the game and don't gamble that day! Remind this to yourself, stick with your plans. If you feel nervous, just go to the GYM and spend your energy there.

Your advice is a bit off-topic. I’m not asking an advice personally. This discussion is meant to determine what people typically on recovering loss. And if you are really a gambler I think I doubt that you can do your opinion personally.