Slow down if you want to recover your losses

[danherbias07]

I want to share my own technique on how I overcome my loss. You can share yours too on the comment below.

I recently experienced a heated game session on blackjack that I never experienced before due to I over extent my budget to chase loss. I was down by 200$ while my current bankroll is only 100$. Typically most user will do all in to quickly recover losses but my strategy is to slow down and bet only on craps 5$ on each number. Craps has a low house edge because your only loss is when 7 appear while the rest of the number that you didn’t choose will just result as draw.

Craps pays x2+ per win which is good to slowly recovering my losses. I just continue same bet and stop gambling for a day after I recover 50$ of my bet. I keep doing this per day until I completely recover all my loss slowly and rest for the week.

The slow down bets makes me think clearly and stop me for doing risky bet. This is most important lesson I learned on this messy situation.

It's easy to say but it's actually difficult when you are in that situation.
Recently, I had the same experience, I am losing a lot of my bets in sports and even when the games are not over yet, I am trying to chase the losses already.
When you have access to the site, emotional control seems to be going away from you.
You just want to take back whatever amount was gone until you are satisfied or you lose everything.
Although it can be done, it will not be an easy task, it needs strict discipline.

[ultrloa]

I want to share my own technique on how I overcome my loss. You can share yours too on the comment below.

I recently experienced a heated game session on blackjack that I never experienced before due to I over extent my budget to chase loss. I was down by 200$ while my current bankroll is only 100$. Typically most user will do all in to quickly recover losses but my strategy is to slow down and bet only on craps 5$ on each number. Craps has a low house edge because your only loss is when 7 appear while the rest of the number that you didn’t choose will just result as draw.

Craps pays x2+ per win which is good to slowly recovering my losses. I just continue same bet and stop gambling for a day after I recover 50$ of my bet. I keep doing this per day until I completely recover all my loss slowly and rest for the week.

The slow down bets makes me think clearly and stop me for doing risky bet. This is most important lesson I learned on this messy situation.

It's easy to say but it's actually difficult when you are in that situation.
Recently, I had the same experience, I am losing a lot of my bets in sports and even when the games are not over yet, I am trying to chase the losses already.
When you have access to the site, emotional control seems to be going away from you.
You just want to take back whatever amount was gone until you are satisfied or you lose everything.
Although it can be done, it will not be an easy task, it needs strict discipline.

Sometimes acceptance about what might possible happen is really needed but its really hard to do this especially if we are been challenge by those loses and we want to get back on those down time. Although other didn't get a best result, but some other people got intense result but expect that this scenario happens on whales. So if you are not a whale we should manage our expectation and avoid all excessive things.

[passwordnow]

It's like the known tip of "take it easy". As you slow down, it's not all about giving up but giving up is also another step forward for someone who's been into losses.
But in your case, if you've taken your time and took easy as you slowed down the process of taking back your losses. It's something to take into account that you really have to take one step at a time and don't be too furious if you're on a losing streak. The timing will be in your favor if you don't take things hastily.

[Wind_FURY]

Slowing down works for me this time because my usual approach on this is to martingale

OMG, LOL!
Well, anything else is better than Martingale
In this case, slowing down was already a huge step forward.

Right I also find it more aggressive betting through Martingale strategy as you have more chance of losing through it and can also go beyond your budget but don't know it somehow works for some players and they recommend it but for me it's not good so avoid it according to me as well.

Martigale is good, but probably just in theory. In practice, with the house edge ensuring that all gamblers will become losers, I believe Martingale makes larger and faster the possibility of going to ZERO. Plus it's not very good for your sanity. I would choose to buy Bitcoin at ATH, and HODL through with a -70% loss during the bear market over doubling my bet everytime it's a loss then seeing it become another loss, then another and another and another!

[NeuroticFish]

doubling my bet everytime it's a loss then seeing it become another loss, then another and another and another!

Well said. Plus, by doubling, each new loss is way bigger, in a (desperate) attempt to recover all the previous (and ever increasing) loses.
Indeed, the sure path of getting very fast to zero.

[Cryptomultiplier]

It's like the known tip of "take it easy". As you slow down, it's not all about giving up but giving up is also another step forward for someone who's been into losses.
But in your case, if you've taken your time and took easy as you slowed down the process of taking back your losses. It's something to take into account that you really have to take one step at a time and don't be too furious if you're on a losing streak. The timing will be in your favor if you don't take things hastily.

The tale of tortoise and how he won the race against the hare is one big emphasis on how taking things slow can encourage a recovery for losses incurred. It is almost as if energy in the form of momentum is gained during this period.
It is paramount one keeps the eyes on the price and seek ways to navigate the losses inorder to avoid much loss.
New ideas and strategies will be made revealed if one can listen during the slowing down period.

[Yatsan]

Well to some people martingale works; that is the idea of betting twice as what you've lost in order to be able to recover from your losses. On my end, I won't suggest it because of the risk involved with it. Some people are using strategies of such with the same idea. But to the extent I view it, that's just frustration dominating a gambler. I quite of cool down when I am losing. I am taking a pause because maybe that is not my day. Oushing through would give you a bigger chance to lose more, that's just how gambling works.

It's like the known tip of "take it easy". As you slow down, it's not all about giving up but giving up is also another step forward for someone who's been into losses.
But in your case, if you've taken your time and took easy as you slowed down the process of taking back your losses. It's something to take into account that you really have to take one step at a time and don't be too furious if you're on a losing streak. The timing will be in your favor if you don't take things hastily.

The tale of tortoise and how he won the race against the hare is one big emphasis on how taking things slow can encourage a recovery for losses incurred. It is almost as if energy in the form of momentum is gained during this period.
It is paramount one keeps the eyes on the price and seek ways to navigate the losses inorder to avoid much loss.
New ideas and strategies will be made revealed if one can listen during the slowing down period.

There's still a difference. Gambling is different from what the story is implying; perseverance, meaning, consistency will give you the bright outcome. However, no matter how consistent of a gambler you are; if you are not lucky, you'd lose. No matter how you slow things down, if you'd lose then you'll lose. That is why moderation should be the key not to win afterwards but to moderate your losses until fate sides on you.

[Accardo]

^

According to your description you are using Martingale strategy, but unfortunately this strategy does not work as you think and when you lose a large sum you will understand it.

Each successive bet has nothing to do with the previous one. If you lose the first bet, you just start the game with a higher bet. If by the will of fate you will have several losses in a row (which is not impossible) then you will lose a large sum just trying to beat your previous losses.

It's impossible to have several losses in a row playing the all red or black numbers. All my years playing roulette game, I've not experienced such a serial loss, but I'd agree with you that its possible if I continued choosing specific numbers in a row. However they is no connection between  a previous win or loss with my next game. I only pointed that it feels bad to win with small stake, a kind of regret why I didn't stake big, which will trigger the urge to stake big. Sometimes it works and its a faster strategy to increase my bank roll.

[Zanab247]

OP, your experience make me to believe that, I can also recover from my losses but it will be difficult for me in this few weeks to the end of this year 2022 to recover them. I will start applying this strategy you just mentioned here because I have lost so much money on gamble that is making me to doubt myself, if I will be able to recover all those money before the end of next year. I used to gamble with big money, I guess I will reduce the amount of money I use to gamble to see if I will experience something good from my bet.

[Don Pedro Dinero]

OP, your experience make me to believe that, I can also recover from my losses but it will be difficult for me in this few weeks to the end of this year 2022 to recover them. I will start applying this strategy you just mentioned here because I have lost so much money on gamble that is making me to doubt myself, if I will be able to recover all those money before the end of next year. I used to gamble with big money, I guess I will reduce the amount of money I use to gamble to see if I will experience something good from my bet.

When you bet in the casino, it is normal to lose, if you are not aware of that, you are not doing well. What the OP says is that in one session, I understand he means one session, when you have had losses and try to recover by betting the same or more, as most people do, what you have to do is make smaller bets, and if you have positive results and recover, then go back to the initial bet size.

You are talking about recovering your losses in the long run and that is not possible because of the House Edge. Gambling should only be done with money that you don't need and don't mind losing, and thinking that you can make some extra money from time to time, but it's not a good way to make money.

[Yogee]

.....
Slowing down doesn't decrease risk! You can keep betting until you eventually run out of money by playing fast or slow. Playing slow only will give you more time before the inevitable outcome.

These "advice" are hilarious.

Not really hilarious, have you tried the approach?  @OP not only slows down but he changed his game to a low edge game where he has a good chance of winning while trying to recover his losses.  He is still in his "can afford to lose" budget and he has proven that he is gaining some recovery. The slowing down really doesn't make sense or lessen the risk but the change of game do.  Betting on craps you have  greater chance to win against the house if you bet on each number.  So I guess it does the trick.  But as usual @OP is lucky that the 7 doesn't show frequently in his craps session. 

The OP's main focus on his post is on the slowing down of bets and not on the changing the game with lower house edge so I get why the advice sounds hilarious to other gamblers.

..... I used to gamble with big money, I guess I will reduce the amount of money I use to gamble to see if I will experience something good from my bet.

Reducing your bet would only guarantee longer playing time and probably add more fun to it but don't expect a higher chance of winning unless you also switch to a game with higher RTP.

[Plaguedeath]

Nah, it just because you're lucky, so you can recover your losses. Slots has nothing to do if you're use martingale strategy, anti martingale strategy, etc etc since slots has house edge and it make the house always win. If there's a gambler who can find a way to win in slots, he can easily make profit and ruin every casino since these casino will suffer bankruptcy. I already suffer many losses, but I don't mind about it since it's what is gambling.

[gabbie2010]

I know that losing in gambling is very real but the extent that I am making my emphasis is the situation whereby you should have a stipulated amount of money I want to use for gambling because of when you lose the money it will not affect you and you playing it step-by-step or gradually when it happened to come to aspect of lose he will not think otherwise, so I know necessarily that gambling you can use it anytime any hour depending the way you play it

Prepare a certain amount of money for gambling so that if you lose you will not take money other than the predetermined amount. it's a good strategy to resist the urge to keep gambling when the losses keep coming. Doing gambling step by step, of course, aims so that the money doesn't disappear in an instant. But it all also depends on what the purpose of gambling is done. If it's only as entertainment, of course, profits are not really needed, but if gambling is a way to quickly make profits, you need a good strategy and money management. Don't become an addict, because that will lead to being too greedy.

That is the exact method I adopted in gambling I set a daily limit of the amount of my total fund for bettings once my loss is equal or exceeded the daily limit I quit for the day because tomorrow is another day and there are more opportunities ahead, there isn't any need to start or continue gambling in a bid to recover my losses else I might lose more this is my personal experience, as for the OP bet recovery experience, I believe it's more of luck, another gambler might tread the path of the OP in a bid to recover the loses unfortunately will ended up losing or rekting the whole fund, always bet with the amount of money you can afford to lose.

[ethereumhunter]

Instead of replacing it with slow bets, you should stop immediately and don't even think about recovering your losses with slow bets. But maybe it is the best strategy for you because I see you can recover slowly. But not everyone can do it and it's better to stop immediately and do something else to divert your mind from recovering your losses. But I realize that we all need to rest after losing a lot and if you decide it's for the best, you still have to be careful because it won't always work out for you.

[Leviathan.007]

I'm not sure about it but from I can see that's not technique to use when you want to recover your lose, because techniquly, if you stop betting or lower your bet amount you won't be able to recover your lose, If you lose you need to recover and recovering needs more money and higher bet amounts. So I guess you were just lucky if you could recover your lose by using this technique. Howver changing the game or the bet can be a good solution for people to play new games with open mind to recover the money they lose, but I don't think if slowing down helps anyone.

[BobK71]

After losing a bet, various things come to mind. Especially why I bet more. Why didn't i take that opportunity, etc., Various questions started to arise in my mind. However, the most common mistake for a gamblers is trying to recover from a loss. The suggestion given by the OP here can certainly be good. But if a gambler can control himself gambling from that position then success can be expected. I think it is more appropriate to try to recover a certain amount of money gradually, rather than trying to recover quickly can lost all of your assets.

[Altryist]

 This is just a successful streak, which can just as easily be replaced by an unsuccessful one. If there is a fixed deposit, and it happened that it was lost, but what is the point of playing further? This almost always leads to the same result, and many of the stories told here do not teach anything, you have to lose twice as much to stop. Well, maybe this is not the worst case, if you were able to stop, then this is already a good sign.

[ChiBitCTy]

Thanks for sharing your experiences with us.  I think you're helping teach a very valuable lesson here.  I'm lucky to personally not have any sort of addiction to gambling, nor do I normally be big amounts of money, but for those who do, I can see it being very easy trying to chase your losses with that feeling "I've got to at least get back to where I started". 

This is a good lesson that goes for quite a few things, including investing in cryptocurrency or stocks for that matter. Slow and steady wins the race.

[rahmad2nd]

Slowing down works for me this time because my usual approach on this is to martingale

OMG, LOL!
Well, anything else is better than Martingale
In this case, slowing down was already a huge step forward.

Right I also find it more aggressive betting through Martingale strategy as you have more chance of losing through it and can also go beyond your budget but don't know it somehow works for some players and they recommend it but for me it's not good so avoid it according to me as well.

Actually, the martingale technique doesn't have to always double your bet in every round or spin. we adopt it by combining it with several other tricks. so, this technique does not always have to be forced to double it. you can also involve your experience, whatever the stakes. if for football there is a multibet. we can involve experience, when is it time to double up with the martinggale technique and when to stop betting for a moment. it depends on how you try to outsmart it plus involve your experience.

There is nothing wrong with any technique, what is wrong is when it is difficult to control our emotions which are carried away by the atmosphere during a gambling session. as long as technique and luck are on our side, we cannot avoid even big wins. or maybe the opposite happens, if we force to reverse losses.
or, the trick that Op shared in this thread you can apply. But the question is, can you do it? and I think this is the challenge.

[pixie85]

You could recover if you bet all in 100 usd in 2 itmes and make more. why wait.  the longer you play  on the casino the higher you chances to lose.

if you want to make big money then make big bet and quit on black jack. or lose it all.

In the grand scheme of things it doesn't matter if you make 10 bets with 10% of your money or 20 bets with 5%. The odds remain the same and it's true that house edge takes a greater toll on your win the more bets you make.

I prefer not to do it all in a single bet because there's a psychological barrier against doing it and that's what casino uses to make profit. In reality if you divide everything into 2 bets and your first bet is a win the probability of the second one also being a win is lower so you'll either stop and take that win or you take additional risk.

A player who instead divides his money into 100 bets will only get more entertainment out of it. There won't be any increase in win probability. It's funny how we tend to think that if we have more rolls we have more chance of winning back the money lost.