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Author Topic: After losing the money in gambling,what is your strategy  (Read 1427 times)
Pandu Geddon
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Today at 09:25:32 AM
 #241


The best way to control your bankroll is to quit the game when you are running at loss, and don't think of recovering your losses because it will lead to more loss.

Yes, that's true, and gamblers should leave the game when they run out of money after losing. some people also control their gambling funds. But there are also many who cannot be consistent with this and instead use their spare money.

when you lose then quit gambling and come back when you have sufficient funds in the next game. Chasing after the defeats we receive will only increase the losses. We have proven that it happens a lot, only a few people get lucky when they chase their losses.



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dezoel
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Today at 12:54:34 PM
 #242

Well, that's the only mistake your friend made; he went back to gambling, and the money he used in the casino came from a loan, which was wrong and a big mistake in my opinion. Instead of reducing it, it added more problems for him.

It is said, right, one debt cannot be resolved by another debt; you must think of a different solution to pay off the debt, and that is the other strategy that can raise money that does not come from the debt.
He will difficult to repay the loan from another loan because that will be looks as a circle that will never end. He made a big mistake from the first time because he take a loan. Many people gets that experienced, especially people can find an online debts easily that can gives them the money.

That online debts makes them in another big problem, especially if they can not pay the loan. If someone is not involved in any debts, he must must stay away from any of that, especially if he doesn't have a source of income. He must trying to manage his finances than take a loan so he doesn't have to gets the problem from the loan. If he is sure that he can handle the loans, he can try that but he doesn't have to use the money from that loan to playing gambling.
I have seen people who misuse loans before, but never this badly to be fair. Usually people take out loan to pay off their debt that made for material stuff, like they keep on buying stuff, luxury bags, latest phones, nails, saloon hair stuff, some house things like tech. We should consider the fact that people who are making these mistakes, do really see that they are making a mistake and yet do them anyway.

I mean did the person who took out a bigger loan, just to gamble, did not know that he may lose? I mean it is simple math, it is gambling and you could either win or lose and he knew that if he used that loan to gamble then he could lose that as well. So he did not really do anything that he did not expected as a result at all.

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ethereumhunter
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Today at 01:24:38 PM
 #243

I have seen people who misuse loans before, but never this badly to be fair. Usually people take out loan to pay off their debt that made for material stuff, like they keep on buying stuff, luxury bags, latest phones, nails, saloon hair stuff, some house things like tech. We should consider the fact that people who are making these mistakes, do really see that they are making a mistake and yet do them anyway.

I mean did the person who took out a bigger loan, just to gamble, did not know that he may lose? I mean it is simple math, it is gambling and you could either win or lose and he knew that if he used that loan to gamble then he could lose that as well. So he did not really do anything that he did not expected as a result at all.
If they take loan for filling their daily needs, that will not be a problem because that is the important things in their life. If they take loan for buying stuff or luxury things that is not necessary for their life, that will not recommended because that is not too important for their life. We must consider what we needs to survive if we wants to take a loan but if we can manage our finances properly, we don't have to take a loan.

If they take a loan for playing gambling and lose that money in gambling, they must repay the loan because the lender will not lets them away without paying the loan. Take a loan must gives back the money and if they can't repay, they can gets in jail because they don't gives the loan money to the lender. People must not take a loan for playing gambling especially if they lose their money. If they lose, it is better to stops from playing gambling so they don't have to lose more money.

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Today at 01:47:59 PM
 #244

I have seen people who misuse loans before, but never this badly to be fair. Usually people take out loan to pay off their debt that made for material stuff, like they keep on buying stuff, luxury bags, latest phones, nails, saloon hair stuff, some house things like tech. We should consider the fact that people who are making these mistakes, do really see that they are making a mistake and yet do them anyway.

I mean did the person who took out a bigger loan, just to gamble, did not know that he may lose? I mean it is simple math, it is gambling and you could either win or lose and he knew that if he used that loan to gamble then he could lose that as well. So he did not really do anything that he did not expected as a result at all.
If they take loan for filling their daily needs, that will not be a problem because that is the important things in their life. If they take loan for buying stuff or luxury things that is not necessary for their life, that will not recommended because that is not too important for their life. We must consider what we needs to survive if we wants to take a loan but if we can manage our finances properly, we don't have to take a loan.

If they take a loan for playing gambling and lose that money in gambling, they must repay the loan because the lender will not lets them away without paying the loan. Take a loan must gives back the money and if they can't repay, they can gets in jail because they don't gives the loan money to the lender. People must not take a loan for playing gambling especially if they lose their money. If they lose, it is better to stops from playing gambling so they don't have to lose more money.
Certainly loans are a tool for us to be helped in financial terms, such as in the urgency of the need for household appliances and others I also agree that it is not a problem if it is still within his ability to earn money, and if it is about buying luxury goods or a glamorous lifestyle from borrowed money, I think they are too imposing themselves to be seen by others that they have luxury goods to show to others and that is not a good thing for others and even for yourself just because you want to be considered rich.
And yes the best way is to only buy what you need not what you want so as not to exceed your limits.

There is no tolerance for lenders to losing gamblers, whatever it is, because basically they just lend money and don't care what the borrower will do with the money as long as he can pay the loan again at the agreed time, I agree with you that it is better not to gamble than to have to use borrowed money to gamble, no matter how much we feel we will be lucky never do it because if you lose the consequences are very big indeed, and if you don't have money to gamble then it's better to keep quiet and hang out with your family.

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Today at 02:11:36 PM
 #245

He will difficult to repay the loan from another loan because that will be looks as a circle that will never end. He made a big mistake from the first time because he take a loan. Many people gets that experienced, especially people can find an online debts easily that can gives them the money.

That online debts makes them in another big problem, especially if they can not pay the loan. If someone is not involved in any debts, he must must stay away from any of that, especially if he doesn't have a source of income. He must trying to manage his finances than take a loan so he doesn't have to gets the problem from the loan. If he is sure that he can handle the loans, he can try that but he doesn't have to use the money from that loan to playing gambling.
I have seen people who misuse loans before, but never this badly to be fair. Usually people take out loan to pay off their debt that made for material stuff, like they keep on buying stuff, luxury bags, latest phones, nails, saloon hair stuff, some house things like tech. We should consider the fact that people who are making these mistakes, do really see that they are making a mistake and yet do them anyway.

I mean did the person who took out a bigger loan, just to gamble, did not know that he may lose? I mean it is simple math, it is gambling and you could either win or lose and he knew that if he used that loan to gamble then he could lose that as well. So he did not really do anything that he did not expected as a result at all.

They are people who are always positive about their gambling decisions. Wouldn't call it addiction completely, but it's rewarding and highly risky for the gambler. Because all he could imagine during his deciding moments has to do with winning. If he hadn't concluded within him that he would win after taking the loan he wouldn't have looked into borrowing money.

For real I was thinking of taking a loan on something else, because within me it's been checked and confirmed that it would work out with profits. What would happen if it doesn't work out as expected. That's what gambling is about. It's uncertain.

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Today at 05:17:47 PM
 #246

There is no strategy or method that I apply when I experience defeat in my gambling session other than stopping and withdrawing then resting or doing other activities in my daily life. In gambling there is no single way to restore the situation or recover the amount of loss, because however and in whatever situation gambling will always be an activity that occurs randomly, meaning that chasing losses or implementing various strategies that you believe in will still not be able to guarantee recovery. on your bankroll.
We don't just know when to start but also know when to stop. Ideally, we have to limit our gambling time, losing for 3 consecutive bets (at least) is enough for us to think "I have to stop and relax for now' because the more we push through, the more it causes losses. A healthy gambling practice accepts losses and defeat and of course, never chases winning but rather waits for it.

That's right, and that's the point, which is that a gambler who will avoid various bad possibilities in gambling, especially losing large amounts of money, are those who know when to paddle and when to pull over. But the majority of gamblers always find it difficult to do this and I know the reason is because they find it difficult to completely ignore various temptations that look tempting, or because they can't resist continuing gambling when they have lost at least 3 times in a row as you said. The other thing is that most likely quitting at the right time will only be possible for gamblers who don't have a high interest or obsession with winning, because usually most of the gamblers who can't quit after losing are those who have hopes of winning so it is difficult for them to be responsible in every situation.


Therefore I think what makes more sense is to withdraw as quickly as possible and calm your mind like I did, gambling is a game of luck, and if you lose it means you are unlucky, therefore it is better to go and do other more important activities , and return to gambling at another time when your mind has calmed down and forgotten the previous defeat, because maybe our luck will be at another time, or in the next few sessions.
I'm not sure if it is a good idea especially if is not a huge amount and if we still gamble but yes, to avoid temptation, it is best to empty our wallets so we don't have a reason to check it again.

However, I don't see we need to reach this situation if we are a responsible gambler as still we can manage ourselves properly.

Yes, I understand that it is not an easy idea to do, especially if the amount of loss is very large, but I think there is no other way that can be used as a prevention when a gambler is in that situation other than stopping, because most likely then they will only be controlled by their emotions which will make them take various actions and decisions that are more crazy.

Emptying the wallet? Yes that can also be used as a precaution, but I think the idea should be prepared before a gambler runs a session or simply before they experience a desperate situation such as losing a large amount of money which is really difficult to empty your wallet when your whole mind is consumed by emotions. I've also done the idea you suggested where before I gamble I empty all the money in my digital wallet when I get involved in any kind of online casino, and it works to hold me back, or I mean it works to make me stop at the right time because I no longer have a way to make a deposit. The other thing is of course as you said that if we are truly responsible gamblers then maybe we don't need to make such elaborate preparations, but it doesn't hurt to do it as a preventive measure.

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Today at 06:56:52 PM
 #247

Therefore I think what makes more sense is to withdraw as quickly as possible and calm your mind like I did, gambling is a game of luck, and if you lose it means you are unlucky, therefore it is better to go and do other more important activities , and return to gambling at another time when your mind has calmed down and forgotten the previous defeat, because maybe our luck will be at another time, or in the next few sessions.
I'm not sure if it is a good idea especially if is not a huge amount and if we still gamble but yes, to avoid temptation, it is best to empty our wallets so we don't have a reason to check it again.

However, I don't see we need to reach this situation if we are a responsible gambler as still we can manage ourselves properly.

Yes, I understand that it is not an easy idea to do, especially if the amount of loss is very large, but I think there is no other way that can be used as a prevention when a gambler is in that situation other than stopping, because most likely then they will only be controlled by their emotions which will make them take various actions and decisions that are more crazy.

Emptying the wallet? Yes that can also be used as a precaution, but I think the idea should be prepared before a gambler runs a session or simply before they experience a desperate situation such as losing a large amount of money which is really difficult to empty your wallet when your whole mind is consumed by emotions. I've also done the idea you suggested where before I gamble I empty all the money in my digital wallet when I get involved in any kind of online casino, and it works to hold me back, or I mean it works to make me stop at the right time because I no longer have a way to make a deposit. The other thing is of course as you said that if we are truly responsible gamblers then maybe we don't need to make such elaborate preparations, but it doesn't hurt to do it as a preventive measure.
The act of emptying your wallet requires self-awareness. Like anything else in life that makes your blood race, gambling is all about controlling those basic impulses. It has to do with realising that although strong, our emotions can also mislead us. You wouldn't show up for a business meeting high on adrenaline (or drug). Or same with the casino

Establish those boundaries mann. Not just financial limits, but emotional ones too. Determine what drives you to chase those losses and then build that damn wall. You pick up skills in anger management and productive channeling in addition to fighting. Walking away from the table knowing you're the one making the decisions is the true accomplishment here, not how much money you gain or loss. Such discipline permeates all area of your life, including your work and relationships

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Today at 07:21:42 PM
 #248

Gambling without proper sources of funds can lead to the worst scenario - huge debts mostly. This usually happens to poor people who think that gambling will make them rich but unfortunately, this even gives them more financial problems.

That is why we should have to understand clearly what gambling is all about because if we think about earning more money, this is not the right place. But if we think if just having fun, then this gives us what we want. Gambling should be taken wisely and even if we are seeking pleasure and making fun but still we need to become responsible. Otherwise, we fall into addiction which is the worst thing to happen.
This is very often to happened in my country that after lost people think if they gamble again then they can able to recover their loses so that's why they start to thinking to loan money because they thought if win they can used those money to pay their debts and i am a witness that my own friend because he wanted to recover his losses from gambling and decided to loan money but the result is he was suffering lost even deep lost and this situation is make him have to sell his car and house to covered his debt from gamble so he almost lost everything in his life

I think we should be throw away the mindset that gamble to earn money because nothing is certain in gamble and indeed sometimes people were experience big won it was very excited but there is no guarante they can repeat it again and while gamble people have to realize this is pure of luck and they should be enjoyed every their gambling activities to avoiding getting addiction
I don't get the type of people who think that if they lose enough then eventually they will start to win because they can't be unlucky so many times in a row that they constantly lose.

I mean it is obvious that we are going to end up with some return eventually, and I think the best way to go with this would be just realizing that we are not going to make as much money as people think we are going to make, even if we lose 100 times in a row, we can lose the 101st one, or if we lose a million times in a row, the next one could still be a loss. This is what I have seen with martingale, people think if they lose 10 in a row at 50%, that's low chance and 11th would be even lower and they must win. Nope, it is still 50% just like any other bet.

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