Chasing losses - Double down bet or Bet twice?

[BenCodie]

You either reach your cap, stop and try again another time. Or, double down, risking the chance of losing more or spiraling into going all in. Usually  this does not end up well but of course it's a game of chance. If you are considering whether or not to "chase losses", you should re-assess whether or not you should be gambling in the first place.

[coinerer]

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 betting repeatedly to cover your losses, you will face more losses this way. 2nd bet will never guarantee you to win. So if you lose a bet, you should stop gambling at that time and try again the next day with a cool mind. I feel more comfortable doing this because multiple bets at once creates a kind of gambling addiction. And if repeated losses create the motivation to cover the losses thus encountering large losses

[Yatsan]

I'd prefer taking a pause. There's no certainty with the result and pushing it through may just put you into bigger losses. Well it would be a good thing if you would be able to get back with the losses but what if it just double up? This is why prevention is important. If you are only betting an amount which won't put you on guilt, then things won't be as hard. Martingale to some players is effective but try asking them if good things happen more often than them ending up with bigger amount to take back. Also, know what type of a bettor you are and stick with it. Losing is indeed part of the game but atleast do not out more weight into it.

[coin-investor]

You are prone to make mistakes when you are chasing your losses all strategies will fail even if you double down or bet twice, what I learn from chasing losses is you need to cool down, the house is dominating you, by colling down, until you get into a winning streak, bet half or one-fourth of what you bet to cool down until you have your winning streak.
Chasing losses is every gambler's dilemma like what OP is feeling when chasing his losses it's understandable because we are just human, when we are excited or very eager to get back our losses we lose our good judgment, which leads to losing more.

[coinerer]

You are prone to make mistakes when you are chasing your losses all strategies will fail even if you double down or bet twice, what I learn from chasing losses is you need to cool down, the house is dominating you, by colling down, until you get into a winning streak, bet half or one-fourth of what you bet to cool down until you have your winning streak.
Chasing losses is every gambler's dilemma like what OP is feeling when chasing his losses it's understandable because we are just human, when we are excited or very eager to get back our losses we lose our good judgment, which leads to losing more.

The second bet is motivated only by the motivation to recover his losses. But he does not feel that if he loses the second bet then his loss will be double than before and it will be more difficult for him to recover. In this way, he will face a huge loss when he loses multiple bet.  So of course he should stop gambling for that day after losing the first bet and should gamble with a new strategy the next day. This may give him a chance to slowly recover the losses

[Coin_trader]

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

It depends on my bank roll. I increase my bet size whenever I have a huge bank roll since I always start on a 5$ min. bet. I believe that the chasing loss you are pertaining is when you lose part of your bank roll and want to recover it.

I do the second choice(multiple bet) if I have low bank roll and wait until I grow my bank roll to shift on an increase bet strategy to recover loss. At the end of the day, It’s still based on your luck whether you will recover it or not since no matter what method you do you will still lose if red streak hits you hard on that day.

[ethereumhunter]

I've never chased a loss again because it was not worth it and has cost me losses. Every time I try to recover from losses, I will experience loss after loss, ending with losing all the money in one day.

I rarely increase bets, regardless of the situation, because it can make me forget to stop and besides that, I'm still trying to control myself.

When I'm in a bad mood, I don't gamble but take breaks to get back in the mood. If I insist on gambling, I may lose control and use more money which is not good for me.

[passwordnow]

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

It's hard to stop when I'm determined to chase my losses but, when reality sinks in that it is best to stop within the day then that's when I become calm and follow what my mind is telling me.
My emotion tells me that I have to chase it as if there's no tomorrow and there won't be any more other chances to take them. But when my mind starts to work and reminds me of what must be done, that's when I realize that I have to stop.

[electronicash]

better stop than feel regretful after chasing the loss and end up losing it all. and you did not enjoy the money that you suppose to spend on something.

all the time i have not won a grand pot every time i chase my loss.
i may be lucky doing martingale at first and i always thought of stopping and withdrawing but a minute later i come back to try again. when a successive loss comes, it feels like i'm out of luck but i try to max out and bam zero. it's a stressful loss.

[len01]

chasing defeat will make you lose even more if you don't have a lot of budget to chase defeat.
but in the past I was the same as you when I often chased losses I preferred a double bet that would chase my losses faster in the past. but this method at least must have a very large budget and must be really ready to lose everything. because in gambling there are often consecutive defeats and it is impossible to predict when the defeats will stop and turn into wins. so even if your budget is big but you are not lucky to experience a losing streak, it will make all your funds disappear.

and for those who are trending use the martingale strategy to return your funds or catch up your losses, but still the same, you must have a big budget. but if you are lucky to recover your losses, martingale is an effective way.

but I advise you to control yourself not to chase your losses. because i was broke a few years ago because i was chasing loses and i lost it all.
You are better off enjoying your gambling responsibly and planning a budget for gambling. if you run out of budget for gambling that day, quit and come back the next day. but this is just a suggestion.

[348Judah]

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?

Regardless of the amount used or the technique used in making that decision, if a gambler must win he will definitely win regardless of considering any of this into action, but it will be more wise of a gambler to always reduce the loss by lowering the amount of money used in gambling whenever the luck isn't coming for making a winning, this is not all about the higher the stake the higher the probability of winning, we win whenever our guess goes along with the reality that occurs with the bet we placed in gambling.

[Mauser]

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

I am a big fan of martingale strategies, that's why I usually double after a loss. When running a martingale strategy all we need is one win to recover all the previous losses. It's a pretty easy strategy that saved me a lot of times in the past. The big problem with this kind of strategy is when we started our initial bets too big and are not able to keep doubling down. If our bankroll is too small to withstand a loss streak we can face a loss of all our money. In such a case where we don't have enough capital it might be better to consider betting twice instead of doubling down.

[ralle14]

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

That is what gamblers need to avoid when they're going through several losses because of the urgency to recover you're most likely going to lose your bankroll that way. Back then if I plan on chasing my losses i'd also do the same thing but that gave me a good lesson to stop doubling down after a loss since it's also one way to develop an addiction. After that, I usually stick to the same bet amount because there's no need to recover all your previous losses when you're only playing casually and at best you have to learn to accept it.

[decodx]

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

I try to be responsible and avoid putting myself in a chasing loss situation. To do this, I set limits on the amount of money I'm willing to risk, so I never find myself in a position where I'm losing more than I can afford. Let's be real, we've all been there - trying to make up for losses by doubling down or using some fancy strategy like the martingale. But if you've been around the gambling block for a while, you probably know that these strategies can be a straight-up disaster.

There's just no way to guarantee a win when you're gambling, and trying to chase your losses is a surefire way to end up even deeper in the hole. So, if you're going to play the game, it's best to do it responsibly and within your means. And who knows, maybe you'll even strike it lucky and walk away with some extra cash.

[Emitdama]

That bad mood actually is being greedy to chase your losses which lead to more losses and that's where the casino earn profit. I don't think if you are in a loss situation it is much better to call it a day than trying to chase your losses, in terms of doubling your previous bet that is a martingale strategy which is a good strategy assuming you have a good amount of bankroll.

Usually what I do is same betting amount every time until I hit a win streak and if I lose 5-8 times continuously then it's not actually my day. There's is no good advice actually double down or bet twice can still wreck you. If you're lucky you'll feel it and if not you're getting greedier and greedier.

The OP said that he still chases his losses even he is not in a bad mood although he only bets moderately. I think all of us gamblers here can relate with it and we already know which one is better right? Yes and that is to stay calm. I know this one is hard but this can make us to stay longer in the game and simply means we have a much greater chance to recover our previous losses than the other way around. Whatever we do, casino will still earn a profit due to the house edge. I think it's not greed is the one that we feel when we are losing but it's anger and we want a revenge. It's when we are winning is the one that we can feel greed.

Setting a loss stop is a good idea too. For example if I lose $20, then that's it I'm done and if I reach $100 today then I'm done. It actually let your bankroll grow or stop your losses in a day.

Who knows that this can also work well in betting? Many of us only hear it in trading but I believe it's not always being followed in gambling. Most of us will only gamble until we bust our deposits if we won't win our target amounts.

[panganib999]

Why not double down on your losses and save yourself the time and the disappointment? Kiddings aside however, I think you have a greater chance at winning your bets if you spread your money on more bets, especially if you're looking to recover losses from a prior run. That being said, it still doesn't guarantee that you'd get something out of the bets you made, regardless of how spread out each of your bets are. At the end of the day, especially when it comes to games that are based on the luck of the user, we're at the mercy of the casino and we can't do anything about it, so best to just have fun while playing and don't go beyond your means so as to not incur a loss that you cannot recover from.

[ryzaadit]

First, you should know the situation.

If you are on losing situation, never chasing the losses because you're on lose streak double the bet is kinda risky. I more like it double the bet on win situation, why? because who know you're still on the streak.

I have experience all-in betting by double everytime i win for more than 6x times and it's make me a good chunk money.

[rahmad2nd]

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 dunno, I don't have a proper answer for this one.

The problem is, in most cases, whenever we are in a loss-chasing situation, most of the time all we end up with is a loss. in fact, this story can happen over and over again when we are in the chasing loss phase. To be honest, I don't recommend always chasing losses. What's more, what we are playing is a type of gambling that is purely based on luck.

But if you ask me, usually, one or two defeats. it was enough for me to stop the gambling session. why, because in theory, our psychology begins to play with emotions that we most likely have a hard time controlling. in fact, even if you can recover your losses, it does not guarantee that you will stop your gambling session. the key is in you. are you willing to accept defeat again when chasing losses. or you can end the gambling session, to avoid bigger losses. everything is a choice.

[carlisle1]

First, you should know the situation.

If you are on losing situation, never chasing the losses because you're on lose streak double the bet is kinda risky. I more like it double the bet on win situation, why? because who know you're still on the streak.

I have experience all-in betting by double everytime i win for more than 6x times and it's make me a good chunk money.

That's new, I mean most are doing martingale in terms of losing then double the bet, but in your situation, that's really something
which only a gambler who has a big nerve can do.

If you know the situation and you are willing to gamble with your luck, that kind of sweet outcome will be there for you, though not many
are lucky and I can say that most likely with 3-4 consecutive wins, that's more than enough to enjoy.

[panjul07]

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'm not a type of gambler who like to increase my bet in any situation because most of the time I do flat betting.
Although I dont like to chase loss situation as anytime I start gambling, I take it as a new session by ignoring the previous result.
However if I have to chase lose situation, I will not increase my bet amount but I will adjust the payout in the game.