Lost more in the process to recover ?

[BuNga_cute]

I started wining like the 20%, then lost 90%

I deposited more and won, almost recovering the loss. Then lost like a 20% again.

You are just lucky to gain back your losses, but mind you that gambling is not working like that, you do not have to think about your losses at all for it not to bring you poor mindset of poor thinking that could make you to bet in the wrong way, losers like to bet the more they lose to lose the more, that is why people do advice that gamblers that lost bet should leave betting for that moment for the betting adrenaline to first die down before thinking of betting again. I will advice you to gamble but be careful of thinking about your losses and focus on quality gambling as fun and using the amount you can afford to lose.

It is true that if we succeed in returning our losses in gambling is luck, and if we continue it will make the losses even greater.
I agree with your advice that if we experience defeat in gambling, you should stop for a moment to calm ourselves first, before
deciding to play gambling again. If our minds are calm, playing gambling can be more controlled, that way we can play gambling
properly.

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[NeilLostBitCoin]

Today I gambled for the first time in ages.

I started wining like the 20%, then lost 90%

I deposited more and won, almost recovering the loss. Then lost like a 20% again.

Quitted after that, so overall with a little loss. I don't think I will gamble in a very long time again. I have the hunch that if I kept betting I would have lost everything. So in my case, I thankfully recovered a decent amount, and didn't lose more in the process. I take it as a cheap lesson that has taught me that I don't like gambling: I didn't enjoy the experience at all, more stressful than entertaining.

I think it is much better to invest in crypto at least you always keep the hope to recover from a bear market if you don't sell, without risking more than what you invested initially.

As long as it will makes you happy and satisfied then it's okay, just play and play, enjoy it, but if you are losing too much or consecutively learn how to rest as well so that it will regain your strength and maybe it can help you to decide the better odds to bet. Sometimes I am making a chart or excel file, that all my bets amount are being documented for me to track it.

[Krislaw]

P.S : I did play the game again after a few days and recovered some of the $. But this time I quit the game while I was in profit.  

P.P.S : I was conscious while I was trying to recover the lost funds and I tried only till that point where I can't afford to lose anymore. I always keep in mind the amount that I can afford to lose.

It happens to every gambler out there. But good thing you said you recovered some of the lose. And I guess you went back with the intentions of gaining your loss. You were lucky you won something back.
What I do now after I see I'm on losing spree is pause for sometime to analyse my strategy. Gambling is all about the strategy that works for you.

[Becky666]

It is what it is but we cannot remove the fact that there are lucky gamblers. They gamble as if they want to win and luckily winning the jackpots.
In that case, they have recovered and won money too.

If they win it then lucky, they are else those who have lost in recovery will think back later why did they gambled again. Its worse for those who had borrowed money in a thought will win and lost it again will now may not have money to pay back too. So its luck which may help you to win or lose in the end for some games.

Those gamblers who borrows money are desperate but it's not a good move. Lose your money but don't lose others money even if you have borrowed it.
Several times I've read gamblers who have done that and lost a lot instead of recovery.

Truth be told, for anyone to borrow funds to gamble should be check thoroughly because most causes of this type is addiction.  We'll know that gambling is all about be luck to some extent, and for a gambler to choose the way of borrow funds to gamble show his or her irresponsibility in life. When a gambler borrow funds to gamble, if he or she loss these funds there is a strong tendency that recovery of loss funds will be activated immediately, which will actually give ways for more loss in the process, so, borrow funds is outside the ethics of a gambler.

[Porfirii]

It is what it is but we cannot remove the fact that there are lucky gamblers. They gamble as if they want to win and luckily winning the jackpots.
In that case, they have recovered and won money too.

If they win it then lucky, they are else those who have lost in recovery will think back later why did they gambled again. Its worse for those who had borrowed money in a thought will win and lost it again will now may not have money to pay back too. So its luck which may help you to win or lose in the end for some games.

Those gamblers who borrows money are desperate but it's not a good move. Lose your money but don't lose others money even if you have borrowed it.
Several times I've read gamblers who have done that and lost a lot instead of recovery.

Truth be told, for anyone to borrow funds to gamble should be check thoroughly because most causes of this type is addiction.  We'll know that gambling is all about be luck to some extent, and for a gambler to choose the way of borrow funds to gamble show his or her irresponsibility in life. When a gambler borrow funds to gamble, if he or she loss these funds there is a strong tendency that recovery of loss funds will be activated immediately, which will actually give ways for more loss in the process, so, borrow funds is outside the ethics of a gambler.

About this topic I have talked a couple of times, and it is really clear to me. One of the best readings on this topic, for me, that helps you see this from an objective perspective, is Dostoyevski's "The Gambler". It is quite a short story, compared to other works by him, and I totally recommend reading it before starting to bet.

Many people talk about strategies for gambling, but where it comes from? just mathematics? there are many more important points of failure that mathematics do not cover (psychological, philosophical, social...) and underestimating them is, for me, the main reason most gamblers get in trouble.

In crypto we have many rules set in stone, like "not your keys not your coins", "DYOR" or "don't invest more than you can afford to lose". In gambling, to me, the number one rule or, at least, one of the most important, is for sure "don't gamble with other people's money". There are just a few reasons, or maybe no reason, to commit suicide, and unfortunately one of the most typical cases related to gambling is this one.

[Noctis Connor]

Never borrow to gamble, look as bets as entertainment a game hobby with a bonus.   You shouldn't borrow to drink either or anything else you enjoy but doesn't regularly return a profit, most of us dont make money this way just try to have some fun and maybe get a win.

and didn't play it again for 2 days.

Give yourself a regular daily allowance to bet with and you should do far better overall within that self discipline.   So yea don't chase bad luck with even greater attempts, just return with next days regular amount to get back your losses.   I get what you mean about the averages coming back to favor you with a win but if you have a plan of only spending so much its also useful to stop a pointless chase.   Go into battle with a plan and you will fair far better

It is true never borrow money just to gamble because your just going to be submerge with debt and will never rise again because of gamble, but if you see it as entertainment and just to gamble to have some fun it is alright because we will never ever make money with it.
i am agree with this regular allowance which is the more chances for you to get what ever you want in the future which something will be important you will never know what is it until the day it comes. because nowadays money is much more important because if this situation which is covid and stop spending too much money just to lose more and trying to recover what is already lose just move on and find another suitable way for us to earn money.

[Yudhisthir]

This emotion is what makes a gambler chronic and destroys his/her life. There are many mistakes we have done in the past and if we keep on accumulating them, and trying to rectify all of it, we would never move forward and keep increasing our pot of grief.
Every new day is a new life and every new bet is a different one. Don't measure the loss you had in past days and take profit when you have one. 1 BTC 5 years ago is not the same as 1 BTC now.

[Emitdama]

This is something almost any gambler does at least once in their life and it is just a right of passage for gamblers. If you have never tried to recover and lost all of your balance, that means you do not know what you are doing. At the end of the day we are talking about something very dangerous here that could end up with all of your deposit gone and unfortunately it is something we all do.

I am not doing it anymore, not all gamblers constantly do it, most of us stop that and do not care about chasing the loss and when we lose we just accept it and move on. However everyone does it at least once, and some people can't stop it neither, they keep doing it again and again for a long period of time, which causes them to gamble more frequently and they end up losing a ton more money as well.

[Inkdatar]

The more you chase your loses the more you can't recover. Most people have a gambling problem and can't manage to stop when already losing the game. Acceptance is need when you have lost the game. Those experience should keep in mind that in gambling we can experience to win and lose. Gambling is just a pure of luck and good thing to do is to take profit so this is important when winning the game.

[FlightyPouch]

...the best thing to do when this things happen is to pack up stop and enjoy your winnings.

This is the problem to most of gamblers I know. They are thinking that it is their win, that they should stop and go home. I agree that they should stop but that is not their win, they are just taking back their losses. They took back the money they lost, how is that a win? You win bets maybe, but the money? It is not a win.

...But many gamblers don't operate as such, they rather continue with their gambling for more winnings which might lead them into coax.   

Well, that is the point of this thread. They are always thinking that gambling more could lead them to a better future, for better wins and better profits although it is not that easy and it is not the results they are getting in the end. It is like quicksand, to be honest, the more you move, the more you struggle, the more you will be falling into it.

[Quidat]

The more you chase your loses the more you can't recover. Most people have a gambling problem and can't manage to stop when already losing the game. Acceptance is need when you have lost the game. Those experience should keep in mind that in gambling we can experience to win and lose. Gambling is just a pure of luck and good thing to do is to take profit so this is important when winning the game.

This is true, gambling is luck based but the self control is the factor that makes us loss. Just about ten minutes back myself emptied my wallet holding 0.06 btc in the event of making 0.001 btc. This happened as a result of lack of self control. When lost, I kept increasing the bet value which emptied the wallet in very few number of rolls.

Part of human nature to be greedy and when emotion do sets in then thats the time you would really change up your decision and would panic out.
You would really have that intention on recovering your loss via increasing your bets and do hope that you next bet will really able to break even on what you have lost
or would able to profit more and this is the very essence of gambling and businesses like this become too profitable for them due to people are way too
emotional.They wont stop completely unless if they dont have more money left into their pocket.

[bitterguy28]

Today I gambled for the first time in ages.

I started wining like the 20%, then lost 90%

I deposited more and won, almost recovering the loss. Then lost like a 20% again.

Quitted after that, so overall with a little loss. I don't think I will gamble in a very long time again. I have the hunch that if I kept betting I would have lost everything. So in my case, I thankfully recovered a decent amount, and didn't lose more in the process. I take it as a cheap lesson that has taught me that I don't like gambling: I didn't enjoy the experience at all, more stressful than entertaining.

I think it is much better to invest in crypto at least you always keep the hope to recover from a bear market if you don't sell, without risking more than what you invested initially.

great experience and at least your first and last gambling let you realize that Investing is more best than gambling,you differentiate what is god and what is bad.
I hope that this realization will also comes to many gamblers that instead of playing and making casino owner richer,they will decide to care about their money and start investing for their own future.

[worldofcoins]

We regularly attempted to recuperate we lose cash when starting the new rounds and afterward we take loads of wrong decisions which lead us to a frenzy and we lost again.
I think we should forget about them ahead. We generally lose more cash when we're attempting to recuperate them.
I had the same experience but I never win my losing amount. The pace of my triumphant possibilities are in every case less so I never care about my losing cash

[Janation]

We regularly attempted to recuperate we lose cash when starting the new rounds and afterward we take loads of wrong decisions which lead us to a frenzy and we lost again.

It is really hard for other gamblers.

They can't control themselves. The time that you find a good time to stop but still continue to do your bets is the start of your wrong decisions. Instead of grabbing that win, you give more chances for the house to win back that money hence giving you losses that might trigger continuous losses until you are out of founds. A lot of regrets happen after that.

[MCobian]

We regularly attempted to recuperate we lose cash when starting the new rounds and afterward we take loads of wrong decisions which lead us to a frenzy and we lost again.

It is really hard for other gamblers.

They can't control themselves. The time that you find a good time to stop but still continue to do your bets is the start of your wrong decisions. Instead of grabbing that win, you give more chances for the house to win back that money hence giving you losses that might trigger continuous losses until you are out of founds. A lot of regrets happen after that.

Everything you say is true, we really have to be able to control ourselves when playing gambling. We must be able to stop playing gambling
if we have won, even though the number of wins we get is not large. If it continues, it will only lose the money we get from the win. Likewise
if we experience defeat, don't force yourself to play gambling anymore. What happens we will lose even more money.

[just_Alice]

...the best thing to do when this things happen is to pack up stop and enjoy your winnings.

This is the problem to most of gamblers I know. They are thinking that it is their win, that they should stop and go home. I agree that they should stop but that is not their win, they are just taking back their losses. They took back the money they lost, how is that a win? You win bets maybe, but the money? It is not a win.

...But many gamblers don't operate as such, they rather continue with their gambling for more winnings which might lead them into coax.   

Well, that is the point of this thread. They are always thinking that gambling more could lead them to a better future, for better wins and better profits although it is not that easy and it is not the results they are getting in the end. It is like quicksand, to be honest, the more you move, the more you struggle, the more you will be falling into it.

This is a good analogy!

I think we can utilize the advices from this video, How to Survive Falling Into Quicksand, with some adjustment, of course.

1. Unlike in the movies, in real life it's quite rare to sink into the quicksand up to the neck. In relation to gambling, "up to the neck" means you can't stop compulsive betting by yourself, and you need a professional help. It happens, but it's rare.

2. "Stop moving" means stop playing. You might think you could recover your losses by playing further, but in most cases your losses just keep growing.

3. "Lighten the load" means don't even read gambling related articles or watch gambling related movies.

4. "Grab on to something" means find something else to be entertained with instead of gambling.

5. I can't come up with an analogy to "Lean back and wiggle your feet".

6. "Call for help" means tell your closest friends you want to fight your gambling addiction. They will help you.

I hope watching the video along with reading my comments will help at least someone to "safely return to the surface".

[FlightyPouch]

Well, that is the point of this thread. They are always thinking that gambling more could lead them to a better future, for better wins and better profits although it is not that easy and it is not the results they are getting in the end. It is like quicksand, to be honest, the more you move, the more you struggle, the more you will be falling into it.

This is a good analogy!

Thank you for that.

3. "Lighten the load" means don't even read gambling related articles or watch gambling related movies.

This could also mean that you need to lessen the bets you are making. Baby steps as they always say.

4. "Grab on to something" means find something else to be entertained with instead of gambling.

This is the most important to gamblers that wanted to stop their addiction. Grabbing on to someone for me means finding that will, that main reason why you need to stop gambling. This will be the root of your desperation to stop gambling.

5. I can't come up with an analogy to "Lean back and wiggle your feet".

I think that just means that you need to avoid doing bets, try to avoid it as much as you can and the wiggle part can also mean do something or other things like maybe bonding with your family or entertaining yourself with other things, not just gambling.

6. "Call for help" means tell your closest friends you want to fight your gambling addiction. They will help you.

So true, there are a lot of professionals out there that will push you to your limit to stop addiction. But remember that at the end of the day, it is still that thing you grab on to will make you stop gambling. You should never let that go.

[Hamphser]

The more you chase your loses the more you can't recover. Most people have a gambling problem and can't manage to stop when already losing the game. Acceptance is need when you have lost the game. Those experience should keep in mind that in gambling we can experience to win and lose. Gambling is just a pure of luck and good thing to do is to take profit so this is important when winning the game.

It becomes an addiction and due to lack of self-control one is not able to stop the gambling despite losing lots of money. So we read so many articles and on this thread how once they were winning but due to greed they end up losing or lost more money because of playing to recover the lost money. This will not stop till the time we do have self-control on our self and do not play just to win from gambling.

And this is why gambling business is profitable because the cycle to continue and progress due to this kind of gambler behavior.They cant stop out themselves
unless they do bust up their entire bankroll or does have a hole into their pocket.Dont ever consider on chasing up losses because this will really just
make the situation even more worst and in result you would surely regret when the time comes that everything had been messed up due to this kind of behavior.
Move on and call it a day and as long you dont compromise your finances or life savings then you are still good on playing but when you do already
reached that state then better to think again.

[just_Alice]

Well, that is the point of this thread. They are always thinking that gambling more could lead them to a better future, for better wins and better profits although it is not that easy and it is not the results they are getting in the end. It is like quicksand, to be honest, the more you move, the more you struggle, the more you will be falling into it.

This is a good analogy!

Thank you for that.

You're welcome!

3. "Lighten the load" means don't even read gambling related articles or watch gambling related movies.

This could also mean that you need to lessen the bets you are making. Baby steps as they always say.

I thought about that and was going to write almost exactly the same words, but then changed my mind because "lessen the bets" would still mean betting, while the aim was to stop betting completely.

4. "Grab on to something" means find something else to be entertained with instead of gambling.

This is the most important to gamblers that wanted to stop their addiction. Grabbing on to someone for me means finding that will, that main reason why you need to stop gambling. This will be the root of your desperation to stop gambling.

What I meant was another than gambling activity, but I like the idea of finding the will to stop gambling.

5. I can't come up with an analogy to "Lean back and wiggle your feet".

I think that just means that you need to avoid doing bets, try to avoid it as much as you can and the wiggle part can also mean do something or other things like maybe bonding with your family or entertaining yourself with other things, not just gambling.

Yessss! Now, when I read 4. and 5. it reminds me of the first two rules of the Fight Club, but I like it! Important rules must be duplicated.

[Debonaire217]

It is really hard for other gamblers.

They can't control themselves. The time that you find a good time to stop but still continue to do your bets is the start of your wrong decisions. Instead of grabbing that win, you give more chances for the house to win back that money hence giving you losses that might trigger continuous losses until you are out of founds. A lot of regrets happen after that.

In the case there is greed, it is okay to lose in a day but what is wrong is when we are getting greedy and we wanted to win back the losses right away. Remember, not every day we are lucky, it happens that a gambler might lose everything in just a day. The best thing to do here is to stop and let the day pass. Try to cool down and accept the losses since there's always a next day to test and try our luck. Another reason I can see is when we are fully trusting gambling for everything we need in the sense that we are betting funds that are allotted for our necessities. We should only bet amounts that we afford to lose because if not, we might encounter critical problems such as borrowing money from others.