If You Win Big Will You Remember Your Losses

[Coyster]

For anyone who gambles frequently and with a good amount of money, it's very difficult for your winnings to outweigh your losses.
We all know how difficult it is to gamble successfully, losses occur more often than winnings, so to make sure your losses are minimized, you bet with small amount of money while still chasing the jackpot, that way if you get to win, you'll either be at an equilibrium or your winnings will be higher.

For me it's foolish to keep losing money everyday, then win an amount that is lesser and be joyous, you could have as well saved up all the money you've wasted and it would have yielded an increase for you .

[lienfaye]

For me it's foolish to keep losing money everyday, then win an amount that is lesser and be joyous, you could have as well saved up all the money you've wasted and it would have yielded an increase for you .

Indeed. But some people wont realize it especially if they are happy to gamble their money for the hope to win like in lottery. I know someone who regularly gamble in lottery even the chances of winning is one in a million.

Its common to be happy (and forgot the past losses) if you win regardless of how much amount it is.

[freedomgo]

For me it's foolish to keep losing money everyday, then win an amount that is lesser and be joyous, you could have as well saved up all the money you've wasted and it would have yielded an increase for you .

Indeed. But some people wont realize it especially if they are happy to gamble their money for the hope to win like in lottery. I know someone who regularly gamble in lottery even the chances of winning is one in a million.

Its common to be happy (and forgot the past losses) if you win regardless of how much amount it is.

Winning in lottery is a life changing event, for sure a gambler would forget all his loses because we are talking of million or millions here.
However, let's be realistic, we know the chance of winning in lottery is very slim which is close to nothing, but we still hope we can win one day.

When a gambler continues to spend for lottery ticket, I don't think it would hurt his pocket a lot because the amount that is spend is just a small amount, unless he is crazy to spend for many tickets thinking it will improve his chances of winning.

[shoreno]

yes i did calculate them before i start to gamble   . i will calculate if how much will be my winnings versus to my looses if that will be worth it to gamble  . i also consider the difficulty of the game  .

i tend to play more if the game is more winnable than compare to those that are verry risky like lotteries  .

 id say that its okay to play with smaller bets but the reward is bigger because its not regretable at all if ever you loose but the feeling is verry rewardable if ever you could win on them

[Darker45]

I have a friend who wins 15,000 pesos or $300 the first time keno games in an offline betting outlet, he is so happy and very ecstatic about his winnings, I congratulate him and ask him how long before he hit the jackpot, he told me that it took him 7 months and he is betting daily at 100  pesos or $3 so his losses are bigger than winnings.

But surprisingly he did not calculate his losses all he cares about is he finally wins, how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

I do make an account of my gambling wins and losses. But I would say most gamblers have the opposite kind of mentality. My mother used to place small bets on local digit lottery. For a time, she almost did that on a daily basis. She could have incurred significant losses already if she had a detailed account of it, but she does not mind that because she places a seemingly insignificant amount every time. But when she wins she would easily gives away a blowout. She's the same with so many gamblers in my locality.

Funny how people celebrate their gambling victories without thinking much of their losses.

[DoublerHunter]

For me it's foolish to keep losing money everyday, then win an amount that is lesser and be joyous, you could have as well saved up all the money you've wasted and it would have yielded an increase for you .

Indeed. But some people wont realize it especially if they are happy to gamble their money for the hope to win like in lottery. I know someone who regularly gamble in lottery even the chances of winning is one in a million.

Its common to be happy (and forgot the past losses) if you win regardless of how much amount it is.

^ Absolutely yes. You can still remember your losses but due to so much happiness then you can overcome it and move forward to face the truth that you win big so you don't need to remember your losses anymore. Most gambling enthusiasts will not after what they had lost, they keep doing on it just because they wanted to rich quick with a small odds to bet and one of common bet is on the lottery because it needs only a small capital to spend.

[Tungsten-1]

I have a friend who wins 15,000 pesos or $300 the first time keno games in an offline betting outlet, he is so happy and very ecstatic about his winnings, I congratulate him and ask him how long before he hit the jackpot, he told me that it took him 7 months and he is betting daily at 100  pesos or $3 so his losses are bigger than winnings.

But surprisingly he did not calculate his losses all he cares about is he finally wins, how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

This is one of the examples on the dilemma about gambling since what only matters are the winnings and not the losings. In gambling, it creates this illusion that someone may think that they are winning but in fact, are losing due to the accruements of money along the process.

What makes this more dangerous is that it places the individual on a pedestal thinking that they are actually lucky, which would only start the cycle of gambling.

Good topic, I don't think that most gamblers remember their losses to be honest (including me). All they think of is that they just won and that's what matter most for them. And I doubt that gamblers realised that or put their losses on paper so that they would know how much money they have lost so far. 

Once gamblers start to know and account their losses, that will only be the time that their discipline will manifest. Rationalizing every win and disregarding your losses would be very dangerous especially in the long-run and streak of gambling.

Yeah when we know our lose we will know how to make it again profit I know time to time things will be good for you but remind your lose abs never try to repeat your mistakes. Knowing your weakness and your strength is the most important thing so when you will recognize your weakness and reasons for lose try to overcome it.

[panjul07]

yes i did calculate them before i start to gamble   . i will calculate if how much will be my winnings versus to my looses if that will be worth it to gamble  . i also consider the difficulty of the game  .

i tend to play more if the game is more winnable than compare to those that are verry risky like lotteries  .

 id say that its okay to play with smaller bets but the reward is bigger because its not regretable at all if ever you loose but the feeling is verry rewardable if ever you could win on them

Basically it is not good to calculate previous losses before you start gamble as it may force you to bet bigger or play longer so you will be able to recover the previous losses. I think it is always better if you start gamble from zero like you have never gambled before, but obviously you should always stick on your own limit on every gambling period. It is what I usually do whenever I start to gamble as it gives me better feeling and enjoyable while gambling as I don't think about previous losses.

[peter0425]

Why you have to remember, you win and that's all just matter,  tomorrow you might win again you will just frustrate yourself if you think that way, better just get your win enjoy it have a drink and face the next hoping that you will win, again and again, losing and winning are part of the game.

Exactly !8 don’t know what’s the reason why we need to find time to remember our losses while we have been in happy situation fo being winner
Nd it will only ruin ng enjoyable moment when the truth is our losses is forgettable while winnings are not.
And besides what’s on our mind when winning is on what to do for celebration about our winning money

[Chrystora123]

personally, I have forgotten all my loss, even though I didn't win big.. I just think that it is useless if I have to remember my loss in the past

I recently lost a few Bitcoins in one of the EPL matches (Arsenal vs Tottenham) but I've forgotten it 

[bitcoin31]

Maybe if I compute my total losses from I started in gambling for sure it will be a lot of than my winning amount.  But I categorized only my capital this year not in the last few years because I leave gambling for about year I remembered.  But I'm happy to say that I get more than my losses.  Maybe just forgot the past and focus to the present so you will be focus in playing gambling because people compute the past losses that can cause also for them to lose more because it can become them greedy to the profit so they want big profit but instead of thag another losses capital happen to them because we know gambling is after you win little times the longer you stay the high chance you losses including the capital you have. 

[stadus]

personally, I have forgotten all my loss, even though I didn't win big.. I just think that it is useless if I have to remember my loss in the past

I recently lost a few Bitcoins in one of the EPL matches (Arsenal vs Tottenham) but I've forgotten it 

Sometimes it will take time to forget big losses in gambling, but we need to forget it in order for us to enjoy our following gambling session.
Most of us are just losers so winning big is not ordinary and therefore this is something that will excite us as a gambler who just gamble for fun.

I myself have lost a lot of money in gambling, sometimes I regret losing big especially when I loss control but eventually I just forget it as I know I need to accept, otherwise, I will have to stop gambling and I would not have fun anymore in my life. Gambling though risky but it's already part of my life, it doesn't matter if I have more loses than my winnings as long as I can experience winning moments.

[Saisher]

Our goal is to win, if this will bring back negative memories of losses then we are not actually winning, we are just going back to a situation where we actually lose, it's not good that you remember and calculate your losses every time you lose, just have fun enjoy your winnings and you are good to go.

[bering]

For me personally the highest achievement from my gambling is i can get the main prize or hit the jackpot so i do not really care about my previous loss as long i can get those prize it will satisfied me because i never calculated my losses moreover too in gambling world when people mostly didn't calculated their lost and will be so happy when they get big prize while gambling although the money to spend during gambling are very much bigger than the prize amount

[michellee]

Our goal is to win, if this will bring back negative memories of losses then we are not actually winning, we are just going back to a situation where we actually lose, it's not good that you remember and calculate your losses every time you lose, just have fun enjoy your winnings and you are good to go.

I think by remembering how much we lose money in the gambling games can make us become carefully to manage the money we use to playing gambling. We will think that to win the games will need more money and more time, and that is not for all gamblers. Besides that, we can know how often we can gamble with small money so we can prevent losing big money.

[madnessteat]

A few years ago, I lost a lot of money in the dice. I tried to play by Martingale's strategy with a minimum bet and saw good results. But when I increased the initial bet I got 8 times in a row "no". My money was just not enough for the next bet.

After that, I don't gamble very often, but if I do, then before the game, I determine exactly how much I can afford to lose.

[Avirunes]

how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

I don't usually keep tabs on losses and wins while playing casino games. I used to earlier but that often led to keep up gambling more trying to build up better stats ....and gambling in long run you know which way it goes so it never worked out for me and I made it out of habit now.

Nowadays I just keep some parlay bets from sports book which I won beating some good odds.

[Oilacris]

Good topic, I don't think that most gamblers remember their losses to be honest (including me). All they think of is that they just won and that's what matter most for them. And I doubt that gamblers realised that or put their losses on paper so that they would know how much money they have lost so far. 

I think most gamblers will think that our losses is a part of the past now and we shouldn't think about it anymore since we can't get back what we've lost already and we can't change anything from the past. This kind of mindset is for gamblers who do have self-control that's not stressing too much of how he lost that money since in the first place it is his own fault and he enjoyed it so it's just fair to pay for entertainment.

Exactly, we don't need to remember our loss, but it is better if we can know how much our loss so we can prevent to get more losses in the future. Besides that, we can know that playing gambling will only give us losses because we don't know when we can win the games. When gamblers can win some money, they will forget that in the past, they are losing so much money before they can win. And if they can realize that, perhaps they will think twice to continue playing gambling and risk more money in gambling.

Or if they want to play gambling, they can play with small money, and if they can win again in those games, they will consider that is because of luck, and they need to leave the places.

Knowing your loss or able to calculate doesn't give you the thing on preventing more losses on the future yet everything is random.The thing here is that you are pretty aware that you are having soo much loss than winning.If you do know how to control up yourself then its good since you are fully aware and would able to stop if things goes severe.

Loss will really be part of the past and its true that majority will not bother out to think of those loss yet on what is important is on the things that they are currently experiencing.

[BALIK]

A few years ago, I lost a lot of money in the dice. I tried to play by Martingale's strategy with a minimum bet and saw good results. But when I increased the initial bet I got 8 times in a row "no". My money was just not enough for the next bet.

After that, I don't gamble very often, but if I do, then before the game, I determine exactly how much I can afford to lose.

That's the correct mindset.

Too many people think they can simply keep doubling up until they eventually get the hand they want. However, they'll soon reach a point where they can't afford to double up again and will be faced with the decision whether to keep going or accept your losses and stop. The bigger man will be able to know when to call it a day, whereas the problem gambler will continue.

Remember guys, gambling should be for fun, not profit. If you think you'll get rich gambling, think again.

[roosbit]

If there is something I have learnt about gambling over the years is if you lose it let it go or else you will be chasing your losses and this is a proven fact other gamblers can attest to, and winning big is a even a better reason to forget about any losses.