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Author Topic: How do you handle your losses  (Read 5971 times)
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January 18, 2023, 08:11:29 AM
 #141

I think most of us usually lose the most when we are on a good running streak and get over confident such that  we increase the stake instead of keeping the winning formula going all because of greed... Imagine you were playing with 50 cent entries on slots but because you have been able to catch a few big multipliers you decide to go with a higher amount which only let's you play less than 20 rounds, it's a recipe for disaster. But if these losses come, best to leave the work station and try to get mindset reset and rested by trying something off any gambling platforms and try your luck again.

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January 18, 2023, 09:32:20 AM
 #142

Unless you can accept the loss on your own, you should not go to the betting section. First you have to deal with the loss in yourself. Even if you are going to trade there will be losses so first you have to build your ability to handle losses then you can start trading. So I would like to say that those who bet in the gambling section need to strengthen their mentality the most. Because the gambling section will depend entirely on luck. If you are lucky you can win. And without luck you can never win. So you have to always participate with a strong mindset to deal with it otherwise you may end up having a heart attack. So before participating in the gambling section you need to make your mind up in such a way that even if you lose you can stand properly and adjust yourself.

Any money that I put in gambling I have already counted it as a lost money. I don't have much expectation of win but if it happens I will be happy. If it does not happen I'll just forget about it.
How I handle my lost is that whenever I loss a bet, I'll reduce my betting power subsequently. I lose again I reduce amount until it gets to zero, I'll know I have lost out in everything

Good budgeting and allocating your finances will help you to limit yourself from losing a lot, you just need to make sure that you are really good in controlling your emotion, it depends from how a person project and execute what strategy they have or what are the plans before playing the game.

I think most of us usually lose the most when we are on a good running streak and get over confident such that  we increase the stake instead of keeping the winning formula going all because of greed... Imagine you were playing with 50 cent entries on slots but because you have been able to catch a few big multipliers you decide to go with a higher amount which only let's you play less than 20 rounds, it's a recipe for disaster. But if these losses come, best to leave the work station and try to get mindset reset and rested by trying something off any gambling platforms and try your luck again.

Indeed, the disaster comes when we lose control of our emotions. We can say that some are because of greed and some are because of aggression, to make huge runs or to recover losses. But again, it is the emotion that will kill all the enjoyment and entertainment while playing.

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January 18, 2023, 09:54:09 AM
 #143

I think most of us usually lose the most when we are on a good running streak and get over confident such that  we increase the stake instead of keeping the winning formula going all because of greed... Imagine you were playing with 50 cent entries on slots but because you have been able to catch a few big multipliers you decide to go with a higher amount which only let's you play less than 20 rounds, it's a recipe for disaster. But if these losses come, best to leave the work station and try to get mindset reset and rested by trying something off any gambling platforms and try your luck again.
That means we can't control our greed in gambling, which has happened to many people. If we can control ourselves, especially after we can get a big win or a big multiplier and stop right away, we can enjoy that win by withdrawing the winning money and celebrating it. But we know that getting a big win will give us the thought that it is when our luck comes and we can continue playing to get another big win. But that's not the case and we will crash and lose the winning money even more quicker.

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January 18, 2023, 10:09:26 AM
 #144

There is nothing wrong with what the OP has explained and even with the meaning he/she wants us to relate to what it wrote, you are only claiming the same thing from a different view. Handling/managing emotions and losses, and maintaining a responsible gambling lifestyle that will help are still striving towards the same goal.

Anyone could proffer any solution to his problem to cut loss and perhaps increase earnings, it does not matter how it looks to others so long as it's working for the person.
Not really, it's different.

What @OP explain is handling the result, but what I'm talking about is handling during gamble.

Almost of people can't accept losses, since they're gambling to make money. Of course they might gambling using a lot money and can't control themselves, so they will regret when they're lose it all.

But if a gambler already know if gambling is for fun, they don't need to handle their losses.

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January 18, 2023, 10:17:13 AM
 #145

I think most of us usually lose the most when we are on a good running streak and get over confident such that  we increase the stake instead of keeping the winning formula going all because of greed... Imagine you were playing with 50 cent entries on slots but because you have been able to catch a few big multipliers you decide to go with a higher amount which only let's you play less than 20 rounds, it's a recipe for disaster. But if these losses come, best to leave the work station and try to get mindset reset and rested by trying something off any gambling platforms and try your luck again.
When you are already on that desperate mode then you would really be definitely be having that kind of thinking that you should really break even or make up with those losses and win up particular further bets.
Once you do win certain amounts,then those emotions created by consecutive loss would really be wiped instantly and you would really be that confident that you might be able to succeed on what you do have in mind.

When you are really that having this kind of mood swing then most like you would really be spending or tons of money on gambling because you are really that aiming on getting wins or profits.
You cant really avoid some circumstances but you do have the will on stopping completely if you wanted to.

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January 18, 2023, 11:57:30 AM
 #146

^

In my opinion, the first thing a gambler must learn to stop when he feels that his emotional background has changed markedly, and it does not matter after winning or losing streaks.

Emotional outburst leads to a wrong perception of reality that can lead to mistakes in gambling. After winning you will feel a surge of strength, confidence that you are able to beat the casino - this leads to losing the money you have won. In case of a losing streak you will feel that you should definitely win back and as we all know very often this leads to even more spending.

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January 18, 2023, 01:53:16 PM
 #147

If you are a gambler with discipline for sure that you will make a plan to make a gambling for your entertainment but if you are just a gambling who would like to prefer for a luck and have a budget losses is not in your vocabulary some people manage to win a lot with their risk and all of their risk-taking but of course not all the time it happens, it depends on the gambling habit still of the player, but for me ideal to have a set budget if you are just in the middle class to lower would like to play gambling because there's more use of money than taking the risk to win just my cent.

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Docnaster
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January 18, 2023, 02:30:43 PM
 #148

I think most of us usually lose the most when we are on a good running streak and get over confident such that  we increase the stake instead of keeping the winning formula going all because of greed... Imagine you were playing with 50 cent entries on slots but because you have been able to catch a few big multipliers you decide to go with a higher amount which only let's you play less than 20 rounds, it's a recipe for disaster. But if these losses come, best to leave the work station and try to get mindset to reset and rested by trying something off any gambling platforms and trying your luck again.
That means we can't control our greed in gambling, which has happened to many people. If we can control ourselves, especially after we can get a big win or a big multiplier and stop right away, we can enjoy that win by withdrawing the winning money and celebrating it. But we know that getting a big win will give us the thought that it is when our luck comes and we can continue playing to get another big win. But that's not the case and we will crash and lose the winning money even more quickly.
A big win comes with great motivation and big expectations. But to so many, this usually results in big losses because they will end up picking odds randomly with little fear of losing111. I realize that, with much staking power, risk can be controlled, but only a few people know how to control risk with good staking power, I tag this person to be "greedy". It is too much greed that brings in much loss to so many gamblers.

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Cling18
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January 18, 2023, 03:00:28 PM
 #149

If you are a gambler with discipline for sure that you will make a plan to make gambling for your entertainment but if you are just a gambler who would like to prefer for a luck and have a budget losses is not in your vocabulary some people manage to win a lot with their risk and all of their risk-taking but of course not all the time it happens, it depends on the gambling habit still of the player, but for me ideal to have a set budget if you are just in the middle class to lower would like to play gambling because there's more use of money than taking the risk to win just my cent.

Allocating a budget that is for gambling alone without affecting your daily budget for your necessities should be the right way of spending your funds. Losses could only affect us emotionally if we are already spending the funds that we couldn't afford to lose. The right mindset has a big impact on our whole gambling journey so we must have the proper perspective right from the beginning. If your goal is to make a huge profit or to get rich real quick in gambling then you are not far from having emotional damage in case you have losses.
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January 18, 2023, 03:08:34 PM
 #150

Everything comes down to having a plan and being disciplined enough to follow through with said plan. As long as you have a concrete plan that you will be willing to follow, there's no way losing money over gambling is gonna get to you. Personally, I employ a three-loss-three-wins plan. Whenever I get as much as three wins in one sitting, I call it a day even if I still feel lucky. Same goes with losses, this way, I make sure I don't get addicted and that my funds are kept in check, in such that they don't dry up in one sitting. I suggest you try that plan out too if you're still lost with what to employ, or maybe think of a plan that really resonates with you.

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January 18, 2023, 03:32:19 PM
 #151

Quite for sure it's emotional when gambler loses a bet but it depends on the amount of money that I used in my staking, that will actually determine the extent at which I'm gonna feel pataining my lose. This reason,  the way I've used in handling my loses is, I ensure each time I'm placing my bets I don't over bet by putting large amount of money and also ensure using the amount money that I'm with losing.
If a gambler loses more than he can afford to lose, there will be a negative effect. But it can be under control if the gambler has forethought. In other words, if he loses as much as he will bet, how can he recover the loss that should be thought before betting. Since loss is a common aspect of gambling, everyone should know how to control it. But as a simple control strategy i need to bet when I have enough money and I can take break if needed.

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January 18, 2023, 03:32:56 PM
 #152

Any money that I put in gambling I have already counted it as a lost money. I don't have much expectation of win but if it happens I will be happy. If it does not happen I'll just forget about it.
How I handle my lost is that whenever I loss a bet, I'll reduce my betting power subsequently. I lose again I reduce amount until it gets to zero, I'll know I have lost out in everything

If that's true, at least you have very good self-control. even when you experience defeat, you can reduce the share for your bet. the reason is, most gamblers will be tempted to make a re-deposit of a higher amount to recover their losses. I, myself, always budget with what I'm prepared to lose. because betting has a very high level of risk of losing. moreover, for this type of betting game that is purely based on luck. but, nevertheless we have to know the essence of why we gamble. that's important, because if you want to make a profit it's better to focus on work or business. but if it's only for entertainment and fun, we won't get high pressure if we lose a bet. of course, with reasonable deposit limits.

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January 18, 2023, 03:37:01 PM
 #153

Quite for sure it's emotional when gambler loses a bet but it depends on the amount of money that I used in my staking, that will actually determine the extent at which I'm gonna feel pataining my lose. This reason,  the way I've used in handling my loses is, I ensure each time I'm placing my bets I don't over bet by putting large amount of money and also ensure using the amount money that I'm with losing.
If a gambler loses more than he can afford to lose, there will be a negative effect. But it can be under control if the gambler has forethought. In other words, if he loses as much as he will bet, how can he recover the loss that should be thought before betting. Since loss is a common aspect of gambling, everyone should know how to control it. But as a simple control strategy i need to bet when I have enough money and I can take break if needed.
Losses are part of life and one should deal it with an open mind , specially when you are gambling and as we know its risk taking so do it with an open mind to face all kinds of results . Incase you win its your good but if you loose accept it and avoid stress and tension .
Always keep a balance in your life either its your income or expanses or gambling or any other habit , never go over board in anything so that there is always a way back .

.
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January 18, 2023, 03:47:34 PM
 #154

Any money that I put in gambling I have already counted it as a lost money. I don't have much expectation of win but if it happens I will be happy. If it does not happen I'll just forget about it.
How I handle my lost is that whenever I loss a bet, I'll reduce my betting power subsequently. I lose again I reduce amount until it gets to zero, I'll know I have lost out in everything
What?! "You win, you are happy", "you lose, and you don't care". Yet, you are already counting the deposit money as a loss. That seems to be the illogical pattern of how gamblers react whenever they are on the ecstasy of winning and regretting when they are losing. I am gambling because I like emotional sways, happiness, excitement, mad, regret, sadness, joy, and others.
Handling losses is the worst part of being a gambler especially if the game you are playing is within your reach, like now with online gambling sites, the casino games.
In sports, there are instances when you become a fan of a team in a specific sport, you could get emotionally inclined to them and take the bet further if you feel like your team is on the losing side. i.e. adding more in their handicap although it's an obvious blowout.

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January 18, 2023, 04:02:39 PM
 #155

Unless you can accept the loss on your own, you should not go to the betting section. First you have to deal with the loss in yourself. Even if you are going to trade there will be losses so first you have to build your ability to handle losses then you can start trading. So I would like to say that those who bet in the gambling section need to strengthen their mentality the most. Because the gambling section will depend entirely on luck. If you are lucky you can win. And without luck you can never win. So you have to always participate with a strong mindset to deal with it otherwise you may end up having a heart attack. So before participating in the gambling section you need to make your mind up in such a way that even if you lose you can stand properly and adjust yourself.

Any money that I put in gambling I have already counted it as a lost money. I don't have much expectation of win but if it happens I will be happy. If it does not happen I'll just forget about it.
How I handle my lost is that whenever I loss a bet, I'll reduce my betting power subsequently. I lose again I reduce amount until it gets to zero, I'll know I have lost out in everything
Dealing with losses is not easy, most people will continue to chase losses and eventually get to the point where they have nothing to play for. Self-control, limiting finances and most importantly being aware that gambling is not the only way that can be solved quickly. The disadvantages that I often see from those closest to me are those who are unable to control their emotions, are too ambitious and as if playing again will multiply their wins. Wrong way of thinking, careless, and such a person is only sure to be diagnosed as an addicted gambler.

Like most people handle losses, namely by limiting the balance or simply by allocating funds to play every week or month.

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January 18, 2023, 04:09:51 PM
 #156

Quite for sure it's emotional when gambler loses a bet but it depends on the amount of money that I used in my staking, that will actually determine the extent at which I'm gonna feel pataining my lose. This reason,  the way I've used in handling my loses is, I ensure each time I'm placing my bets I don't over bet by putting large amount of money and also ensure using the amount money that I'm with losing.
If a gambler loses more than he can afford to lose, there will be a negative effect. But it can be under control if the gambler has forethought. In other words, if he loses as much as he will bet, how can he recover the loss that should be thought before betting. Since loss is a common aspect of gambling, everyone should know how to control it. But as a simple control strategy i need to bet when I have enough money and I can take break if needed.
Losses are part of life and one should deal it with an open mind , specially when you are gambling and as we know its risk taking so do it with an open mind to face all kinds of results . Incase you win its your good but if you loose accept it and avoid stress and tension .
Always keep a balance in your life either its your income or expanses or gambling or any other habit , never go over board in anything so that there is always a way back .
Agree, When one goes to gamble one takes a risk.  So loss can't hurt him too much.  But yes loss always hits everyone which may be more or less based on the amount. But if I have a loss, I smoke a lot first and drink alcohol if I have a lot of loss.  I know they are harmful to the body.  Yet it has to be done to comfort myself.


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January 18, 2023, 04:11:44 PM
 #157

I think most of us usually lose the most when we are on a good running streak and get over confident such that  we increase the stake instead of keeping the winning formula going all because of greed... Imagine you were playing with 50 cent entries on slots but because you have been able to catch a few big multipliers you decide to go with a higher amount which only let's you play less than 20 rounds, it's a recipe for disaster. But if these losses come, best to leave the work station and try to get mindset reset and rested by trying something off any gambling platforms and try your luck again.
That's exactly my issue with gambling on slots, i always get over confident every time am on a winning streak and i would always get this funny thinking of going all in with my stake instead collecting and maintaining my Normal winning formula and this always results to me loosing alot, its just like the winning streak is actually a trap set for you to lose more. When the losses starts coming i just hold back and end my gambling for that day because if i try to chase my losses and get back my funds it will result to further frustrating losses.

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January 18, 2023, 04:18:37 PM
 #158

Any money that I put in gambling I have already counted it as a lost money. I don't have much expectation of win but if it happens I will be happy. If it does not happen I'll just forget about it.


This is the most bullshit reason or whatever shenanigans that I heard on gambling. Why the heck you are gambling if you didn’t expect to win and just counted your money as lost once you deposit? It’s better to send your money to donation so that it can help poor people rather than spend it on your nonsense gambling since you didn’t want to win. Seriously why you do need to play gambling if you have this kind of resolve.

Winning is what makes people drive to gamble more but in your case you are like zombie playing without any goal to achieve. Zzzzz



you made me laugh a lot because I keep telling people that they shouldn't look at gambling as a way to make money fast, I say that so people don't deceive themselves and don't lose all the goods they have because of gambling bad luck, but I make bets in search of profits, but unfortunately I cannot talk or encourage people to enter the world of games of chance to seek profits, I know that lying is something ugly and disgusting, but there are times that the person need to omit a few things, I think @Docnaster is in the same situation, maybe he is in the gambling world looking for profit but he can't say that because it could be seen as if he is giving people advice and encouraging to participate in games of chance to profit

How I handle my lost is that whenever I loss a bet, I'll reduce my betting power subsequently. I lose again I reduce amount until it gets to zero, I'll know I have lost out in everything

in my opinion you should keep the same bet amount, for example if you have 10$ in your bankroll, and you only place bets on games with odds of @2.00 and up, then you can place a 1$ bet, if you win you have 11$ in the bankroll, you already have 11 games to bet on, the ideal is to always keep the same bet amount and bet on games with odds of @2.00 or above, of course you have to choose the games well

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mvdheuvel1983
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January 18, 2023, 04:58:00 PM
 #159

I say to myself after a loss - it is just a bad game not a bad life.
Winning and losing abound. I try not to whine too much about the loss. In fact, I play call of duty whenever I have a loss, or I look for a game that requires me to think critically -Chess.
When I play any of these, I do not have the time to romanticize about losing. This is how I handle losing. Chasing loses is for amateurs. It never ends well so I do not do it.

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tjtonmoy
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January 18, 2023, 05:09:53 PM
 #160

I think it is best to separate your gambling spending from your regular life's spending. Never invest what you are not willing to lose. So having a fixed amount to spend in your gambling would help a lot to take emotional decision.
Then comes the loss. If you are losing in a streak, never continue the play. Taking a break from it will help. I've heard taking a bath with hot water helps clear your mind. So consider doing that.
If you make some profit. Withdraw that into a separate account. Go in with the main asset. This will ensure you to focus on profits and motivate you to keep your cool. Because you already have your profits safe. If you spend all, thinking that you can make more with that, then you will lose.
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