Chasing losses - Double down bet or Bet twice?

[Silberman]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

If I realize that I am chasing my losses I stop immediately as this is not a healthy mindset when you are gambling, in my mind any money I gamble is assumed to be lost already, so if after losing some money I begin to chase it and try to recover it I know this is very risky as it opens the possibility of losing way more money than what I had planned for the session, and the only appropriate response when this is the case is to stop gambling.

[gabbie2010]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

I got punished which ended up in streak of losses most of the time while trying to chase losses using the same amount of bet to breakeven or gain profits, unfortunately ended up losing everything hence stopped using that method, even martingale method couldn't make any difference, I resorted to money management that is using a fixed specific amount to bet once I lose the fixed amount I stopped gambling for the day, of course there are more opportunities in another day thus why I do I need to bet or gamble blindly after losing all the amount of money fixed for the day.

[Cryptomultiplier]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

Nothing good comes from chasing losses both in gambling and in life. The strategy it takes to win one time may falter at another time, this is why it is good to always keep count or scores, mostly when your losses occur with a frequency.
From my little experience, trying to make up for a bad loss by doubling the next bet with hopes to recover is a sure way to loose more. It is always better to walk away after a recurring loss. Changing strategy may not work because greed has set in and all the mind would see is how to get more that instant.
If I were to make a choice from your options however, I would rather bet twice with same games, but with different odds or stakes.

[Hispo]

I normally avoid a situation where I feel like chasing losses, I have only done it once or twice.
In those occasions I have gone for the double-down strategy and try to get back into positive numbers as soon as possible, it has only given partial good results to me before I decided to move on and log out, before losing even more.

It was one of those days your learn that most of the times, it is not worth it to go out your plans to test luck further than you should.

[virasisog]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are in a chasing loss situation?

I've done this a lot of times and there were lucky days as I apply this strategy but there were also bad days where I have bigger losses because of applying it. This is a risky thing to do because chasing our losses is like pulling more losses closer to us.
The result will still depend on our luck but as much as possible, we should still set limitations and know when to stop because if continuously chase our losses, we coul d always have higher losses and it could lead to worse scenarios. Resting if we have big losses for a while would be helpful.

[pixie85]

When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

Yeah, that looks like a recipe for a disaster. I mean that's exactly what I have done when I collected my 2-week signature campain payout on YoLoDice and gambled it on their website hoping to cover my previous week's loss. After maxing my bet amount on dice, it only takes 1 tap of a button to lose it all in instant  .

That's what you get for chasing losing bets :v

I can relate. I've been in yolodice campaign since January 2017 and a few times felt a need to "spin the wheel" before cashing out my cashing out my campaign money. That's how these campaigns that send money to your casino account work. They make you play because the money it's already there waiting, bets are just a few clicks away. Losing money didn't hurt at the time, but it started to do so when bitcoin pumped.

I also did increase my bet after a loss. Not a typical martingale with 2x but often 3x or 4x with enough money to only bet 5 times in a row before running out. Easy come, easy go.

[Fivestar4everMVP]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

Hmm, chasing after my loses is something I've stopped doing a long time ago, and I've always advised gamblers against it after a brutal experience I had, I can not really go into details right now, but the advice is to avoid chasing after your loses, I don't know how lucky you've been doing this so far, but I tell you that, there is always a high chance that you might end up loosing more money if you are someone that is always chasing after your loses all the time, and this could also lead to gambling addiction, which is something that is also very bad on its own.

[Cling18]

When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

Yeah, that looks like a recipe for a disaster. I mean that's exactly what I have done when I collected my 2-week signature campain payout on YoLoDice and gambled it on their website hoping to cover my previous week's loss. After maxing my bet amount on dice, it only takes 1 tap of a button to lose it all in instant  .

That's what you get for chasing losing bets :v

I can relate. I've been in yolodice campaign since January 2017 and a few times felt a need to "spin the wheel" before cashing out my cashing out my campaign money. That's how these campaigns that send money to your casino account work. They make you play because the money it's already there waiting, bets are just a few clicks away. Losing money didn't hurt at the time, but it started to do so when bitcoin pumped.

I also did increase my bet after a loss. Not a typical martingale with 2x but often 3x or 4x with enough money to only bet 5 times in a row before running out. Easy come, easy go.

I also had the same experience which I'm regretting until now. I had big winnings but when I was about to cash them out, I'd been greedy and hoped to win higher so I bet again and lost and when I started to chase my losses by betting 5X in a row, I ended up losing all my funds. I can conclude that this will not help us recover from our losses. Most of the time, our greed and hope of having higher winnings can make us have bigger losses.

[stomachgrowls]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

When im in still my own awareness then i dont really chase up losses and if a certain bet would be a total lost then i would definitely calling it a day and wont tend to add more but there are really indeed days which

i do really consider out that im really that in rage or something that can be called a moody one.I do usually doubling up my bet or simply like martingale whenever i have lost a certain bet and i would be basing up on the amount that i have totally lost up.
Its never been recommendable i would say basing up on experience.There are moments which i do able to win but i could say that im still on the negative side of things.

[swogerino]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

Whenever someone tries to chase his losses it ends up pretty badly for him most of the time which translates to losing all of his balance.I consider each session independent of each other and I have set a bankroll that I play weekly and stick to it,whenever I win I withdraw and call it a day and when I lose I don't go depositing soon after trying to recover my lost amount as this to me personally has impacted and made possible to lose the money that I deposited trying to recover my losses.This has been the case for many others also and that is why it is never a good idea to deposit money to chase your losses.

[dothebeats]

I never chased losses that often. I think I only did it a few times but I never went over my budget. Only tried doing Martingale until the balance ran out and that's it. There aren't any 'good' strategies out there to chase losses. Heck, chasing losses in itself is already pretty bad, so I don't think you'd want to do it anyway. Just avoid getting hot headed and impatient when you're gambling and you'll never feel the need to chase losses ever. Instead of trying to see which strategy works best in chasing losses, why not drop the thought and start thinking of trying not to chase losses?

[Finestream]

It depends. First few losses I usually just ignore it and continue on. If it was a pretty long streak then damn hell I'd be done and just move on to a different game instead, or maybe stop altogether if I'm that frustrated. If I am to ever chase a loss, which I sometimes do, I usually just stay on the same bet instead of changing anything, just continuously doing it instead and stopping whenever I feel like I've returned my losses (if it ever happens anw). I don't chase winnings at that point, I just want to break even.

Yes, small losses should only be ignored since the moment you start gambling, you are allowing yourself to lose. But if you think you are already seeing consistent losses regardless if the bet is just small, then chasing losses will always be a bad move since it will only make you lose more eventually. For me, I would rather go home and just bet again when I have spare money, although chasing losses sometimes could be good but most of the time, it will only make you lose more of your money.

[Scripture]

What do you typically do when you are on chasing loss situation?

Chasing losses is not good but most of the time, I play out of control and usually double my bet because of my eagerness to chase my losses and the result was not good most of the time.

Every time I double my bet, I just increased my chance of losing more and eventually, stop playing because all my capital are already consumed. This has been the problem if you become more greed and increase your bet, you just speeding up your losses and not increasing your chances of winning.

[lionheart78]

What do you typically do when you are on chasing loss situation?

Usually, when I feel like chasing losses, I often redeposit (if I still have fund for gambling) and see if I can recover what I had lost.  After that, when my bankroll was still depleted, I just stopped playing thinking that it isn't a good day to gamble for me.

Chasing losses is not a good trait, if we get used to it, we will find ourselves depositing all the money, even the one that we can't afford to lose just to get back the amount we lost on the previous session.  It is better to think and contemplate if it is worth chasing losses when the action can develop into compulsive gambling.

[Fatunad]

What do you typically do when you are on chasing loss situation?

Usually, when I feel like chasing losses, I often redeposit (if I still have fund for gambling) and see if I can recover what I had lost.  After that, when my bankroll was still depleted, I just stopped playing thinking that it isn't a good day to gamble for me.

Chasing losses is not a good trait, if we get used to it, we will find ourselves depositing all the money, even the one that we can't afford to lose just to get back the amount we lost on the previous session.  It is better to think and contemplate if it is worth chasing losses when the action can develop into compulsive gambling.

This is why its really that important that you do only have the money which are intended for you to gamble or simply does have set out limits.Never ever make yourself that greedy or really that impulsive for whatever emotions that you are feeling on because you cant really just that easily able to get those losses back or whats up into your mind. Bet twice or double down, it is really just the same on which you are tending
to chase up something.Its never been recommendable and just like the rest which i do really admit out that there are really moments that you would really be trying out your best to bet once more
specially when you are really that on a losing moment.

[Fortify]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

It doesn't matter what you do really, both situations are likely to be equally disastrous for you if you're "chasing losses". Doubling down will just mean you have one less click to perform if that's your final bit of money available. This misses the entire point that you are gambling on a game that is designed and even tells you up front that for every $100 you put into it, you are statistically likely to get only a certain percent back - like $97 dollars. Then you'll put those $97 dollars back in and get back $94.50 and so on. The rare victories you get larger wins will not outweigh this, they are just there to prolong your play and get you into a habit forming mentality - so you'll add even more funds after it's all gone.

[Johnyz]

Doubling your bet after some losses are quiet normal, this is how our emotion works but you have to remember that chasing losses can’t always result to a good one because luck will still matter.

I do make some greed bets as well and its too bad for me, now I always limit myself and stay within my limit and forget about my losses because there’s no safe way for me to get it back, just accept it and move on.

[darkangel11]

It doesn't matter what you do really, both situations are likely to be equally disastrous for you if you're "chasing losses". Doubling down will just mean you have one less click to perform if that's your final bit of money available.

That's what it comes down to in the end. A gambler set to chase his losses is not going to stop like that. It doesn't matter what tactic is chosen the outcome will most likely be similar.
When a player who doubles down wins and recovers, he's going to feel confident and he wot leave. He'll think that maybe this win means that the tide has turned and will make another bet, if that's a win he might finally leave, but if it's a loss it's going to be another round of doubling down and maybe this time it won't go so good.

This is why casinos don't care what strategy we use, because math for both options is the same and that math has one word written on it that they're interested in and that word is "edge".

[uneng]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

If you keep wagering the same amount expecting a lucky streak to recover the losses, you are probably going to increase your debt during the gambling session. On the other hand, if you increase your bet to recover everything at once, it's probably going to work better on short run, although inevitably you will also lose the increased bet as well after some attempts. There is no safe way out this situation... You are damned if you do, and damned if you don't.

[Wakate]

I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.

What do you typically do when you are on chasing loss situation?

When I am in a big lose I do make sure that I settle my mind do I will not be too bittered to the extend that will make me play more and start missing bets. I do prefer going out and having fun with friends so that it will clear my mindset. Gambling is not  something we need to take very serious and we are not meant to make it our real job which is one of the reasons why many gamblers are so indepth to playing bets.
You don't expect someone that does not have a job to stop playing bets which is like a job to them.