How do you handle your losses

[MiliMil]

There was a thread about the NFL Playoffs earlier today.

I posted my predictions an hour before the game started because the other guy uploaded a photo of his bet that I didn't like.

It was clear he didn't follow NFL much.

My prediction won and his lost.

Moral of the story is to only bet on sports you have knowledge of and watch regularly.

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[QueenVera]

These are all great points and without doubts , people are still far from handling losses and most times one of the major reasons why we chase after losses is using money we can't afford to lose for gambling and that is extremely wrong and against the ethics of gambling.
Below are the ethic I have devicee to help memstay in track and to avoid chasing after my losses
1. I always make sure I have a set amount(budget) for gambling and I try not to exceedy budget just incase I'm already in loss.
2. I also have what I regard as reserve because we're all human and we all love to have something nice for real and I always keep something aside just incase I exceed my budget I make sure I don't exceed my reserve and the reserve is mostly for urgent games that looks promising.
3. I always make sure that I don't let my emotions play on me no matter if I'm winning or losing.
4. I make sure I don't use money I can't afford to lose or borrowed money.

[panjul07]

How do I handle my losses? Simple, accept the losses and do not try to recover the losses in the next gambling session.
Means that every single session should be a new session without thinking of revenge to take back what I've lost previously.
Anyway I'm interested the point of "to avoid greedy friends" because some of my friends are greedy and sometime I do greedy as well.
For me, I will not be influenced by greedy friends, I'll just ignore them if they tell me something that I do not want to do.

[swogerino]

How do I handle my losses? Simple, accept the losses and do not try to recover the losses in the next gambling session.
Means that every single session should be a new session without thinking of revenge to take back what I've lost previously.
Anyway I'm interested the point of "to avoid greedy friends" because some of my friends are greedy and sometime I do greedy as well.
For me, I will not be influenced by greedy friends, I'll just ignore them if they tell me something that I do not want to do.

They say that the people who keep track of sheep are really quiet people and those who keep track of some more aggressive animals are aggressive as persons.With this analogy I want to say that the human nature can be influenced just like in the above example and despite you saying you will ignore your friends,with the passing of time if you stay with greedy friends it is only natural for you to become greedy.The best to do in such situation is to play alone at the comfort of your home fully relaxed and enjoy the sessions,this way you will forget about such friends.

[rahmad2nd]

We all handle emotions differently, also the way each of us admit our losses differs. I love playing dice and blackjack on my favorite casino and have never had a big win, but I make sure not to chase my loss if I lose. I have learned to deal with losses, it wasn't easy from the beginning, but it gradually became part of me over time.

Not everyone is good at letting go of their loss. I used a four way strategy to train myself into admitting my loss.

There are various ways and reactions of a person when dealing with losses, especially in this case when dealing with losses from gambling and of course not everyone is the same in how they handle them. however, from a human psychology standpoint, gamblers are often driven by feelings or emotions to try to try their luck again, even though they have made several deposits.

And for all the points you posted in this thread, it would probably be a good reference for gamblers to try as you did. at least, you have shared the strategy or method you used when dealing with losses. to be honest, for me gambling is nothing but part of entertainment on the sidelines after doing activities at work.
First of all, never chase losses and never expect to make high profits. I like to play slots, blackjack, dice or something else. but i have limitation for it. if I lose today, there's still another day than getting stuck just chasing losses. quite difficult indeed, especially if we have a long free time. but, if without continuous training with self-control. so what happened, as you said not everyone is good at letting go of losing.

[masulum]

How do I handle my losses? Simple, accept the losses and do not try to recover the losses in the next gambling session.
Means that every single session should be a new session without thinking of revenge to take back what I've lost previously.

But, this method is not that simple for a lot of people. I was once in a position trying to accept my loses, but I forced myself to play again. Until I got stuck in a condition that made it difficult for me. Luckily there was 1 Max-Win that saved me at that time. On the other hand, other players may find it difficult to control the urge to play because of losses like what happened to me at that time. One think that made me save from this conditions, I usually divert to games that make me relax to forget any losses. For now I have time to reduce my addiction to slots and forgetting all my losses. Especially because there are things that force me to have to pay other people's bank debts "but I'm in charge of it", so now there's no free money to play any slots, this is the right time to handle any losses

[dothebeats]

How do I handle my losses? Simple, accept the losses and do not try to recover the losses in the next gambling session.
Means that every single session should be a new session without thinking of revenge to take back what I've lost previously.
Anyway I'm interested the point of "to avoid greedy friends" because some of my friends are greedy and sometime I do greedy as well.
For me, I will not be influenced by greedy friends, I'll just ignore them if they tell me something that I do not want to do.

They say that the people who keep track of sheep are really quiet people and those who keep track of some more aggressive animals are aggressive as persons.With this analogy I want to say that the human nature can be influenced just like in the above example and despite you saying you will ignore your friends,with the passing of time if you stay with greedy friends it is only natural for you to become greedy.The best to do in such situation is to play alone at the comfort of your home fully relaxed and enjoy the sessions,this way you will forget about such friends.

"Tell me who your friends are and I'll tell you who you are."

Kinda goes like that IIRC. Your environment influences you in ways that you do not even fully recognize because you are busy doing your thing with your friends. Only then would you recognize this once you are no longer associated with your friends, or you have shifted your attention into another activity completely unrelated to what you were previously doing.

I personally try to avoid friends that are degenerate gamblers, even though I am gambling myself. They do not have any self-control, and once I see them long enough to think that it's "okay" what they're doing, I'll be applying that to myself and I'll slowly slide down to degeneracy.

[Bananington]

The degree of loss for me will determine the best method for me to handle the situation. If it is just a normal amount that is not too big, I can give myself solace with the thought that people loose such amounts to gambling everyday and it is normal and nothing to feel too bad about, I can even go ahead to tell some close friends that I am sure will find a joke to make about it just to cheer me up. If it a huge loss, I handle it by rebudgetting myself and expenses for that week and month to accommodate the loss and then stay off gambling for a while.

[qwertyup23]

I ensure my emotion is in check:
I remind myself regularly that I am only having fun that can either be winning or loss, and what ever be the outcome it is for the fun of the moment and not a get rich quick scheme.

If you can remind that your main goal is for having fun, I believe you won't have a problem with your losses. This is the ultimate way to deal with your losses, you focus on getting entertainment and don't really care about the losses. As long as you use small money and it is limited money, you won't feel so hurt when you get losses. The complicated problem only rises when we use big money, even worse it is loan money. That's why only use the extra money and it must be money that can afford to lose. 

Well this is true but to a certain extent depending on the amount that is lost on the process.

For example, a gambler may prioritize having fun as the main goal but he/she still may incur huge amounts of losses. Obviously, in that case, keeping your emotions in check may be somehow and relatively difficult. Though I do agree that if your main goal is to have fun, then the amount gambled should not be an issue. If this is the intention of the gambler, then he/she must gamble using limited or at least a small amount in the games.

[Theones]

I ensure my emotion is in check:
I remind myself regularly that I am only having fun that can either be winning or loss, and what ever be the outcome it is for the fun of the moment and not a get rich quick scheme.

If you can remind that your main goal is for having fun, I believe you won't have a problem with your losses. This is the ultimate way to deal with your losses, you focus on getting entertainment and don't really care about the losses. As long as you use small money and it is limited money, you won't feel so hurt when you get losses. The complicated problem only rises when we use big money, even worse it is loan money. That's why only use the extra money and it must be money that can afford to lose. 

Well this is true but to a certain extent depending on the amount that is lost on the process.

For example, a gambler may prioritize having fun as the main goal but he/she still may incur huge amounts of losses. Obviously, in that case, keeping your emotions in check may be somehow and relatively difficult. Though I do agree that if your main goal is to have fun, then the amount gambled should not be an issue. If this is the intention of the gambler, then he/she must gamble using limited or at least a small amount in the games.

I mostly stay quiet - either I go out for a walk or go out for a hike.
That has been very helpful.
Most of time I go to sleep wakeup in wee hour make myself a cup of hot tea and watch TV

[virasisog]

I ensure my emotion is in check:
I remind myself regularly that I am only having fun that can either be winning or loss, and what ever be the outcome it is for the fun of the moment and not a get rich quick scheme.

If you can remind that your main goal is for having fun, I believe you won't have a problem with your losses. This is the ultimate way to deal with your losses, you focus on getting entertainment and don't really care about the losses. As long as you use small money and it is limited money, you won't feel so hurt when you get losses. The complicated problem only rises when we use big money, even worse it is loan money. That's why only use the extra money and it must be money that can afford to lose. 

Well this is true but to a certain extent depending on the amount that is lost on the process.

For example, a gambler may prioritize having fun as the main goal but he/she still may incur huge amounts of losses. Obviously, in that case, keeping your emotions in check may be somehow and relatively difficult. Though I do agree that if your main goal is to have fun, then the amount gambled should not be an issue. If this is the intention of the gambler, then he/she must gamble using limited or at least a small amount in the games.

I mostly stay quiet - either I go out for a walk or go out for a hike.
That has been very helpful.
Most of time I go to sleep wakeup in the wee hour make myself a cup of hot tea and watch TV

Gambling using only the funds that we can afford to lose won't affect our emotions too hard in case the result won't be in our favor. Gambling for fun would be fine as long as we always put limitations when betting. The right mindset toward betting would be the smartest move. Resting and relaxing will be a good help for us to recover and move on with our losses.
For me, as long as we are gambling responsively, moving on, and handling our losses will never be hard.

[klidex]

In every game or bet there must be a profit and a loss.
I myself, if I experience a loss if it's only a small amount, I will re-learn how the game works and if I really understand and can determine the right position, I will bet again with a larger amount to be able to recover losses and still make a profit.
However, if I experience a large loss, I will be more silent and stop playing for a while with the aim of calming my mind and dampening my emotions. If it gets better, I will play again with a gradual number of bets.

[Oceat]

In every game or bet there must be a profit and a loss.
I myself, if I experience a loss if it's only a small amount, I will re-learn how the game works and if I really understand and can determine the right position, I will bet again with a larger amount to be able to recover losses and still make a profit.
However, if I experience a large loss, I will be more silent and stop playing for a while with the aim of calming my mind and dampening my emotions. If it gets better, I will play again with a gradual number of bets.

We all have different strategy on how to handle losses and yours is one of them plus the internet is plenty of useful strategy on how to manage/control yourself from losses. And most of them are based on real life experience so, a little research on the internet is plenty enough to jot down those important details. It's very useful if someone is just starting to gamble or having a problem with how they should manage their emotions especially to newbies in gambling but I don't know if newbies would ever think to do some research first or just play ahead and do the research after losing.

[Cookdata]

Handling emotion after loss is difficult; for the past two weeks, I have suspended betting; not because I want to quit totally, but because it is beneficial to take a break and observe how things unfold. I recall that from the beginning of the year to the 9th, I won the majority of my bets, I rolled over even the tickets that were cut earlier than expected, but everything changed when teams I least expected to lose kept ruining my tickets, I also switched from Football to Basketball (NBA and Chinese league but all have not been going well) and I have put a stop until I see that things are getting better, I don't have rules, I just make sure I don't have betting Apps on my device. 

[boyptc]

Handling emotion after loss is difficult; for the past two weeks, I have suspended betting; not because I want to quit totally, but because it is beneficial to take a break and observe how things unfold. I recall that from the beginning of the year to the 9th, I won the majority of my bets, I rolled over even the tickets that were cut earlier than expected, but everything changed when teams I least expected to lose kept ruining my tickets, I also switched from Football to Basketball (NBA and Chinese league but all have not been going well) and I have put a stop until I see that things are getting better, I don't have rules, I just make sure I don't have betting Apps on my device. 

This is so true and that's why those that can sleep after being on a losing streak are legends. It's easy for them to just sleep after those losses because the majority will have hard time dealing with it because acceptance won't be easy.

The emotional breakout is there after losing and you can't just move on an instant even if you want to. But yeah, the best move is to just stop even if it's hurting you and wanting to recover badly, you have to do something about it so that you can at least reduce the emotional pain.

[Hispo]

At first it is difficult. Mostly what I do is to set a ceiling to how much I am willing to lose while rolling dices, if I get to that threshold then I stop and try to accept the loss and do not chase it.

Also, immediately switching to play a non-gambling related game helps.
I personally like First person shooters, it works to forget about the bad streak at dices.

[stadus]

How do I handle my losses? Simple, accept the losses and do not try to recover the losses in the next gambling session.
Means that every single session should be a new session without thinking of revenge to take back what I've lost previously.
Anyway I'm interested the point of "to avoid greedy friends" because some of my friends are greedy and sometime I do greedy as well.
For me, I will not be influenced by greedy friends, I'll just ignore them if they tell me something that I do not want to do.

Same here, chasing over what you lost in the other day won't be giving us any benefit because there's a good chance that the chase will lead us into a much bigger loses, and we know that we don't want that situation in the first place. I just accept the reality that we cannot change anymore what happened yesterday and hope that this day, luck will be on our side without thinking our losses in the past.

[pixie85]

At first it is difficult. Mostly what I do is to set a ceiling to how much I am willing to lose while rolling dices, if I get to that threshold then I stop and try to accept the loss and do not chase it.

Also, immediately switching to play a non-gambling related game helps.
I personally like First person shooters, it works to forget about the bad streak at dices.

It's what I do. I send to mu account only the amount I want to gamble with and I have a rule that I never break which is that I never add another deposit during or right after a session.

When I know I have $50 to spend I come to play and I know that worst case scenario I'll be down $50 but to me whatever is sitting on my casino account is already lost. I don't feel like I have this money until it's back in my wallet.

I don't have to drink water like OP to handle a loss. It comes naturally. I don't feel a burden of a loss but I also never play with big money.

[terrorJR]

I think in this case calm is the main key. defeats and wins are actually normal conditions because regardless of anything we cannot avoid losing when we are in gambling. The problem is that there are still many people who always play more ambitiously in the next session when they have lost.
Indeed, there are several strategies to minimize defeat, but when we have more ambition about winning, this is actually not good for the next game because we don't focus too much and enjoy the match because our thoughts are winning.

[stomachgrowls]

How do I handle my losses? Simple, accept the losses and do not try to recover the losses in the next gambling session.
Means that every single session should be a new session without thinking of revenge to take back what I've lost previously.
Anyway I'm interested the point of "to avoid greedy friends" because some of my friends are greedy and sometime I do greedy as well.
For me, I will not be influenced by greedy friends, I'll just ignore them if they tell me something that I do not want to do.

Same here, chasing over what you lost in the other day won't be giving us any benefit because there's a good chance that the chase will lead us into a much bigger loses, and we know that we don't want that situation in the first place. I just accept the reality that we cannot change anymore what happened yesterday and hope that this day, luck will be on our side without thinking our losses in the past.

Most likely we would really be ending up on this way on which just like on whatever things that your'e dealing with which its never been ideal on chasing up your losses or trying out to break even because it would really

create out that kind of desperation inside when you do really make yourself fixed up that kind of mindset.This is why its better to move on and make yourself that versatile and a bit emotionless when you are
really that doing gambling or even in trading which its never been that good on trying out to chase your losses.Play for entertainment and losing is always been part and you should make yourself at least
aware into those things so that you wont really be that expecting that much.