Chasing looses Vs Finding closure: Any difference?

[mindrust]

There is only one rule you need to know when you are gambling. You are going to lose in the long run unless you do the forbidden stuff like EV/Arbitrage betting. I am saying forbidden because they make you win and if you are winning who is losing? The casino. Obviously they don't want to lose because it is their business to make money.

So, when you decide to play even more to make up for your losses, what do you think gonna happen? You'll lose even more money.

If you don't want to lose money, just stop playing. Be a responsible gambler. Play once a week, twice a week, whatever... Have a plan and never change it.

[bittraffic]

If it matters to you that you win before you stop for the day then might really spend more in order to win back the loss. But that is if the luck changes.

To me it doesn't matter whatever is the difference between the two. If it meant losing, I would just find closure to drink a bottle of beer and call it a day. There is more day ahead and more important things to do than chasing a loss.

[uneng]

I really need a clarification on this. Is chasing looses in gambling same as looking for closure because i recently read an article on reddit where the poster said that he will gamble untill he wins just to look for closure. I have been thinking about this for sometime now because closure has the same characteristics with chasing looses which is even when the gambler is loosing he will still be gambling just to recover all his looses.

Source:
https://www.reddit.com/r/gambling/comments/120jc8a/should_i_gamble_until_i_win_so_that_i_can_have_a/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=3&utm_content=share_button

Yes, chasing losses is the same as looking for closure, because by seeking for a positive closure means he isn't going to stop playing until he makes profit from his gambling session. That is exactly what gamblers chasing losses do. However, instead of finishing the session in profit, they end losing the entire funds, going busted, as this kind of approach doesn't work effectively on most times.

So don't get distracted by terms like closure. After all they are so dangerous and impracticable as chasing losses.

I hope this is clear to you now.

[Saint-loup]

I really need a clarification on this. Is chasing looses in gambling same as looking for closure because i recently read an article on reddit where the poster said that he will gamble untill he wins just to look for closure. I have been thinking about this for sometime now because closure has the same characteristics with chasing looses which is even when the gambler is loosing he will still be gambling just to recover all his looses.

Source:
https://www.reddit.com/r/gambling/comments/120jc8a/should_i_gamble_until_i_win_so_that_i_can_have_a/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=3&utm_content=share_button

It will produce the same consequences, so at the end it's the same thing for the player, it's a dangerous way of playing. Evry gambling games has a house edge meaning you are likely lose the percentage the house has on you in the long run but not way more than it. It's usually around 5%, and rarely above 10%, if the game is legit. It means you are not likely to lose way more than $500 if you wager $10 000 in many bets. Unfortunately by doing what you say, you are increasing volatility by increasing your stakes, and it can lead to wipe out all your bank roll in few bets instead of "only" $500.
You have also to take into account that the house edge is taken on the total amount you are wagering, it means it's virtually increasing with each bet.

[wheelz1200]

I really need a clarification on this. Is chasing looses in gambling same as looking for closure because i recently read an article on reddit where the poster said that he will gamble untill he wins just to look for closure. I have been thinking about this for sometime now because closure has the same characteristics with chasing looses which is even when the gambler is loosing he will still be gambling just to recover all his looses.

Source:
https://www.reddit.com/r/gambling/comments/120jc8a/should_i_gamble_until_i_win_so_that_i_can_have_a/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=3&utm_content=share_button

For so.e people it could be.  People like going out on top so they don't have to constantly think about the loses.  It's a physiological thing that almost can't be explained.  Most people also just think they can win back what they lost which is silly but happens.

[AmoreJaz]

If it matters to you that you win before you stop for the day then might really spend more in order to win back the loss. But that is if the luck changes.

To me it doesn't matter whatever is the difference between the two. If it meant losing, I would just find closure to drink a bottle of beer and call it a day. There is more day ahead and more important things to do than chasing a loss.

i don't think chasing losses will give you a good closure. because it means, you won't stop unless you win, which practically means, you may run out of bankroll and you will borrow money just to continue your games. for me, if that is the meaning of your chasing losses, then, better stop gambling. you can find closure in many ways. as you said, you can have a drink and call it a day. but not to the point of not stopping unless you win. you will easily find out that you practically lost a lot before such win. there are other days to get that much coveted win. to find a closure, you should know how to accept defeat also.

[maydna]

It would be a mistake if he gambled until he won because it would cost him a fortune before he could win. In addition, he will not know how much he has won because if you add up how much money he has spent with the wins he has won, the result may be that the number of losses is greater than the number of wins. So when you have experienced defeat or a losing streak, it is better to stop gambling immediately and leave the casino. It can increase your emotions and keep gambling until you win, even though you don't know when you can win. Chasing defeat is not worth it, especially if we get more losses.

[Frankolala]

Gambling should be seen as a means of entertainment and not to make profit. If you keep on chasing your loss,you will end up losing everything that you have. Chasing your loss will also lead to addiction.

There is nothing like gambling till closure,it is still when you are losing and you think that you can win back all that you have lost,this greed in you will trigger you to chase your loss. Set a certain amount and time for your gambling activities, this will enable you to gamble responsible.

[Fortify]

I really need a clarification on this. Is chasing looses in gambling same as looking for closure because i recently read an article on reddit where the poster said that he will gamble untill he wins just to look for closure. I have been thinking about this for sometime now because closure has the same characteristics with chasing looses which is even when the gambler is loosing he will still be gambling just to recover all his looses.

Somebody seeking closure like this is still stuck in completely the wrong mentality, they are holding on to any excuse they can in order to squeeze some extra betting out without facing reality and it's a very slippery slope to follow. Like with many hardcore addictions, it's only when you hit rock bottom that you really can decide that it's time to let go, some people are good enough to keep it "recreational" for their whole lives and it never becomes a problem when it comes to gambling. However, when you have reached that point the only way to start healing is to stop gambling entirely and not start chasing a new theory, because you're still a gambler while placing those supposed final bets.

[Raflesia]

Even though it's not prohibited, I think this is a mistake because regardless of anything, looking for victory to close in every bet that is made is clearly impossible. Precisely in this case we have to be wiser because when in gambling we lose and always have the ambition to chase the defeat the results will not go well because you will only add to the defeat. Regardless of any conditions like this, it is certain because your gambling intentions are different and chasing previous losses will only have a bad impact on your balance.

[o48o]

When you are losing enough it brings ton of adrenaline and you are less able to make rational decisions. Then people usually just play more and increase the bets and justify their irrational bets by reasoning like that. In reality it would be better to cool off. Gambling isn't going away and you are not in a hurry. Dealing with those emotions first lets you make more informed decisions.

I know it's hard to control as many of us are in here because of that rush. And losing is just another side of that rush.

[goldkingcoiner]

Chasing losses is basically the gambling version of "trading on emotion", and as any good day-trader knows, that never goes well. Its best not to gamble on emotion, whether on the emotion of frustration from losing money or from the ecstatic feeling of winning more money (feeling lucky).

Usually the end result is (almost always) losing much more money than you thought you were going to lose. Its just probabilistic math and there is nothing you can do.

I recommend taking a break from gambling once you notice that your feelings are getting out of control. Sometimes you lose, sometimes you win, but you should always gamble with a clear head.

Finding closure is hard.

[harapan]

This is something that make gamblers incur so much losses. Continuously gambling in the hopes of winning to get your money back is just a perfect way of playing till you no longer have any money left to gamble with. When you've gambled to a certain points and you see that you're just losing, its best you just cut your losses and move on. Don't listen to the tiny little voices that will be telling you things like "you might hit the jackpot in the next round". "why are you giving up now".
There's nothing like closure when you've lost money, You'll just be playing out of desperation and confusion.

[SirLancelot]

If it matters to you that you win before you stop for the day then might really spend more in order to win back the loss. But that is if the luck changes.

To me it doesn't matter whatever is the difference between the two. If it meant losing, I would just find closure to drink a bottle of beer and call it a day. There is more day ahead and more important things to do than chasing a loss.

If we lose then we should accept that it was a loss. There is still tomorrow or other days to try again. If you win then you must also stop as that alone can give you contentment already. No need to think about our losses from yesterday. Past is past as they say. There are people who are successful of recovering their losses.

It becomes easy if one is only getting started in the world of gambling so don't say or think yet that recovering a loss is only about losing because what if you got lucky? But if you have a big doubt then much better if you don't try it. Just continue doing the alternative that you can think of because for you, they are less risky.

[coin-investor]

The guy just wants to verify that he is losing and chasing his losses which is why he chooses the word closure, this is a good choice of word but whatever word you're using you can't deny the fact that you are chasing your losses in the hope to win back everything you lose that night and you just can't forgive yourself if you did not give yourself a chance to prove that you can win what you've losses, but unfortunately there's a high chance that you can lose even more.
A responsible gambler knows how and when to quit and will not create a reason just to continue because it's futile.

[Viscore]

Chasing losses for closure? That's just a silly justification to me. Any person who thinks that way is already considered a gambling addict in my book and is only finding absurd reasons why he keeps on betting. I can confidently say that there will be no closure even after he manages to get a winning streak. He will still gamble his winnings until he loses again. The cycle continues......

True, totally an absurd mindset. Once you learn to gamble and you develop deep addiction from it, you will never find closure from all your bets, regardless if you win or lose in the process. If you win, you will chase for bigger profits, if you lose, you will still chase to recover your losses. So there’s no closure in gambling, you will never stop gambling unless you decide to from quitting from gambling.

[rahmad2nd]

I really need a clarification on this. Is chasing looses in gambling same as looking for closure because i recently read an article on reddit where the poster said that he will gamble untill he wins just to look for closure. I have been thinking about this for sometime now because closure has the same characteristics with chasing looses which is even when the gambler is loosing he will still be gambling just to recover all his looses.

I agree with other members who say that chasing losses and seeking closure are basically the same. which means, you are in the phase of trying to recover previous losses by gambling again. IMO, you're looking for justification for the link you shared. so, you should not need clarification on this matter.
I will not say that you are indicated to be addicted to gambling, I think you just need to know the essence of gambling for you. at least, when you experience defeat, the step you take is to stop for a moment to neutralize your psychology from the impact of defeat. you can come back a few days later, or a week, it could be the next day. Most importantly, avoid always chasing losses. because the impact can be fatal.

I know and understand very well, that what I say is not as easy as what I say. the fact is, sometimes we have a hard time controlling ourselves. whether it's when we get lucky, especially when we experience consecutive defeats. Therefore, what you need to realize is the essence of gambling for you personally. for me, gambling is a fun pastime. however, it must be based on responsibility and self-control.

[Twentyonepaylots]

I really need a clarification on this. Is chasing looses in gambling same as looking for closure because i recently read an article on reddit where the poster said that he will gamble untill he wins just to look for closure. I have been thinking about this for sometime now because closure has the same characteristics with chasing looses which is even when the gambler is loosing he will still be gambling just to recover all his looses.

Source:
https://www.reddit.com/r/gambling/comments/120jc8a/should_i_gamble_until_i_win_so_that_i_can_have_a/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=3&utm_content=share_button

I think you are right since his plan of playing until he wins doesn't guarantee that loses along thay way would be minimize. It is possible that he could be experiencing a lot of loses before he finally have that win so it isn't a win-win situation since you risk everything you have. It would be dilemma since if he wins quickly with low amount of loses, he might not that get that closure that he wants. So, probably, since you had made your choice to stop it, why not do it as soon as possible so that the risks would be low and it wont really hurt you financially.

[dothebeats]

That's just wording it positively. The gist of it is, you're still chasing losses. No matter how fancy you construct the wordings are, or how well you think you did on clawing back in on the game, you still chased losses and that's it. You only wasted time if you managed to get even against the casino. And what if you just lost and lost? Then I don't think you'll ever achieve closure if that happens to you, unfortunately.

[Baofeng]

I really need a clarification on this. Is chasing looses in gambling same as looking for closure because i recently read an article on reddit where the poster said that he will gamble untill he wins just to look for closure. I have been thinking about this for sometime now because closure has the same characteristics with chasing looses which is even when the gambler is loosing he will still be gambling just to recover all his looses.

Source:
https://www.reddit.com/r/gambling/comments/120jc8a/should_i_gamble_until_i_win_so_that_i_can_have_a/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=3&utm_content=share_button

Nah, I think he is just looking for excuse to continue his gambling habits, simple as that. For sure we have said that to ourselves as well, just one game and one more win or at least break even to quit and move on. But that is the case, because once we got that win and have the money back already, someone will whisper to you to continue. And that's where our emotions comes in, if it is not check, then we will continue because we feel lucky and greedy. And then when we lost, we go back to that same prayer of just one win and no more. So it's going to be cyclical and with that I don't agree or believed that gamblers are going to find some closure if they chase their losses and win it back.