Chasing losses will ruin your bankroll (learned it the hard way today)

[MiF]

I've been following a solid betting strategy where I stick with a fixed amount per bet and focus on beating the bookie through volume, not luck. It’s all about consistency and proper bankroll management and it works. But today I broke my own rule. I tried to double my bet after a loss thinking I could win it back quickly. Of course, that one move destroyed everything,  lost control, and just like that my bankroll was gone.

Lesson learned.... it doesn’t matter how good your system is, the moment you start chasing losses, you’re done.

Stick to your plan, stay consistent and don’t let emotions take over.

This often happens when someone starts to get frustrated after losing too much. However, it is not much different when increasing the amount of the bet, of course, relying on getting lucky. In fact, most of those who do this actually shorten the game so that in an instant they are closer to bankruptcy.

After losing in gambling, the interest in gambling increases a lot because then there is a thought about how to recover the lost money. I think that when we lose a lot in gambling, we should retire from gambling because at that time our head is not right. Because gambling is good if we can play with a cool head and if someone plays with a hot head, it will be a big risk for him.

[Viscore]

After losing in gambling, the interest in gambling increases a lot because then there is a thought about how to recover the lost money. I think that when we lose a lot in gambling, we should retire from gambling because at that time our head is not right. Because gambling is good if we can play with a cool head and if someone plays with a hot head, it will be a big risk for him.

That’s really the challenge that keeps us gambling, it’s like we’re trying to solve a problem that never ends, so we keep going. Actually, it’s not that big of a risk as long as we’re responsible and know our limits. If we lose today, just chill and come back tomorrow. It only gets ugly when we can’t accept defeat. That’s something we should train ourselves to handle, because if we can’t, we’ll just keep making bad decisions that hurt our finances even more.