If we lose in gambling, what do we need to do?

[Blitzboy]

Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

It's definitely not to keep gambling to cover up previous losses as the gambling should only be for entertainment and not to look for source of income. If you are afraid to lose that money and you play thinking to double your money or for profit, then you should not be playing in the first place.

If it happens that you lose, it's better to stop playing and wait for you to first cool down before playing again but not to cover your previous losses. Just keep in mind that you are playing to entertain yourself and not to look for a new source of income.

Cover-up is different from trying to recover what you have lost, however we can really cover up the money that we have lost in gambling by earning money on other sources. This is better because it is more surer. Once we are done recovering it all, it's best to just stop playing gambling to not repeat the same mistakes again.

Many gamblers who have a goal of earning a profit are scared to risk their hard-earned money but surprisingly they still ended up depositing it and worse they lose it. They will only regret after. We can look for a new source to earn money if the current source we have is not enough but gambling is not qualified for it, unless if we are a streamer or a pro gambler.

we all make mistakes. Gambling losses happen. But the worst thing you can do is keep chasing those losses the same way. Its a trap. I've seen it in business, believe me. The smart play is to analyze, regroup, and find a smarter way forward. Thats the path to true success. Trying to win it all back at the tables is an emotional play, and emotions cloud judgment. We need a clear head in these situations. Forget the quick fix. Focus on building something sustainable - skills, investments, those are real assets with real returns. Gambling, thats not an asset, thats a liability.

I understand the drive to recover what you lost. Its human nature. But true strength comes from recognizing when a strategy isnt working. Shifting your focus, thats what makes someone a winner in the long run. There's always a better way.

[CryptoHeadlineNews]

It is also funny when people ask for an advice for what should they do after losing. If they can allow to continue and want to do it, then they should continue gambling. If they run our of money, have no wish to continue, then they should stop. I mean what advice do they want to get? When they lose, for someone suggest them a winning strategy, or a bet that will be a 100% win next time? Or where to get more money?

It is simple...just quit the game for that day, and allow yourself not to be controlled by your emotions. If you quit, and play again tomorrow, you might be lucky. If you are not lucky, always quit when you have used up to the money that you intend using to gamble, and play again next time. It will help you manage your loss and also prevent you from any trauma and addiction.

Yes, there could be no better answer than what you just gave above myself, because truly when a gambler loses a game while gambling, there are only 3 options/decision or action he/she has to take, that is, first to either borrow money so as the keep gambling while chasing his/her loses, second, the either stop gambling for the day, so as to continue another day, and third, to either quit gambling entirely, so as to never experience such lost ever again. And whatever the case may be, I will strongly suggest that when you observed you have lost a huge sum while gambling, it's better to stop for the moment, so as to continue another day.

[alegotardo]

In gambling, probability has always told us that it is much more likely to lose than to win money. However, the fact that we are human makes us moved by emotions and the hope that at some point we will be lucky enough to become very rich, every person creates and maintains this hope even in defeats, after all... we cannot lose forever. The idea of betting once again and having some kind of confidence that this will be the triumphant move is the big question that moves us: The optimism of "beating the system" just as some have already done.
That's what makes us bet, the emotional will always prevail over rationality.

Think about all the defeats and victories you've had, even though the defeats are the majority, I'm sure that even though moments are rare, you retain many more memories of your victories, right?
The money we lose never seems to be much compared to the few times we manage to win, this renews people's hope in continuing to play.
Websites and casinos know this and that is why they operate with little margin above 50% probability, as they want us to continue winning in 45% of cases, so that this hope is always renewed.

I don't blame the games, but I'm grateful. Because they give us the opportunity to have fun without taking too much advantage of the odds. It is only up to us, users, to know how to play responsibly and with limits.

[Webetcoins]

Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

It is normal to have both losses and gains in gambling but many times many gamblers have different reactions when they face big losses in gambling. A gambler must have the ability to control himself after gambling losses. If the gambler has repeatedly gambled in order to recover losses, then he is likely to incur more losses later on. soThe gambler must be stopped from gambling for a period of time and must have a plan for what steps to take next to control him from gambling. He should never break down mentally and act accordingly on what to do next and take a clear plan on how to recover past losses.

Having losses is normal in gambling, but a gambler is supposed to keep their losses limited and shouldn't bring the situation where they can experience big losses in the first place because once that happens, then it becomes even more difficult for the gambler to have control and they will start making reckless bets after that point only to try and recover the lost amount which we know is barely possible and one will lose more if they keep trying to achieve that.

Exiting when you have won something is great, but knowing how to keep the losses limited is way more important than that because if wins don't make you addicted to gambling, your losses will do that for sure and once you get addicted, the same thing will happen again and again and you won't be able to stop it.

[Docnaster]

It is also funny when people ask for an advice for what should they do after losing. If they can allow to continue and want to do it, then they should continue gambling. If they run our of money, have no wish to continue, then they should stop. I mean what advice do they want to get? When they lose, for someone suggest them a winning strategy, or a bet that will be a 100% win next time? Or where to get more money?

It is simple...just quit the game for that day, and allow yourself not to be controlled by your emotions. If you quit, and play again tomorrow, you might be lucky. If you are not lucky, always quit when you have used up to the money that you intend using to gamble, and play again next time. It will help you manage your loss and also prevent you from any trauma and addiction.

Yes, there could be no better answer than what you just gave above myself, because truly when a gambler loses a game while gambling, there are only 3 options/decision or action he/she has to take, that is, first to either borrow money so as the keep gambling while chasing his/her loses, second, the either stop gambling for the day, so as to continue another day, and third, to either quit gambling entirely, so as to never experience such lost ever again. And whatever the case may be, I will strongly suggest that when you observed you have lost a huge sum while gambling, it's better to stop for the moment, so as to continue another day.

The three different steps you outlined for a gambler to take when he's losing have been in existence since gambling started but not all the steps are fair enough to be seen as a good option. Firstly, you talked about borrowing to continue gambling in other to chase his losses and that's the worst option among the options because when a gambler loses his money in gambling and opts to borrow, the chances of recovering his losses with the borrowed money is lesser than the chances losing. So if a gambler sees that as an option, he's very likely to end up losing the borrowed money alongside all the money he lost before borrowing. The second option of quitting gambling at that particular time to come back later is fair enough because it'll give th e gambler the chance of re-strategizing before coming back but if the gambler is always losing in gambling, your last option of totally quitting gambling is the best option for such person

[Jody.Drummer]

It is also funny when people ask for an advice for what should they do after losing. If they can allow to continue and want to do it, then they should continue gambling. If they run our of money, have no wish to continue, then they should stop. I mean what advice do they want to get? When they lose, for someone suggest them a winning strategy, or a bet that will be a 100% win next time? Or where to get more money?

Actually, to get the answer to the question of what we should do when we lose, they can answer it themselves by applying rational thinking and consideration because obviously by thinking rationally, they will be able to make decisions that are in accordance with what they need. I understand that they want to get some good advice from the considerations made by everyone here, that's fine. But if we're talking about gambling then obviously it's best to quit, no matter if you win or lose, because whatever situation happens in gambling can always make us feel curious, simply put when you lose then you will be curious and when you win then you will be greedy. Although basically all decisions come back to each person but sometimes not everyone can really think rationally and make the best decision that keeps them away from more significant bad effects and I believe that the best decision is always about quitting in any situation especially when you lose, this action shows how wise you are in controlling things to keep everything in balance.

[redsun114]

Funny enough a lot of people who win in gambling are not much compared to the number of people who lose daily, that is enough reason for one not to take gambling as a means of earning a fortune, it is not like an everyday job where you'll work an expect income whether monthly or weekly. In gambling, making profits is based on luck and skills and 1 or 2 in 10 persons have been very lucky to make huge fortune out of it. I think the best way to see gambling is as a form of entertainment, that is why it is advised that people should bet with what they could afford to lose. Also, instead of chasing loses I'll advise you quit for a while and try again later.

That's inaccurate. 1 or 2 out of 10 makes it 10 or 20 out of 100, and 100 or 200 out of 1,000. Do you think that 100 or 200 people out of 1,000 manage to make a lot of money from gambling? That is 20% of gamblers being profitable which can't be true because if that happens, casinos would go bankrupt in no time. Getting some profit and winning a huge amount are two different things, we might get lucky one day and be profitable, but that doesn't mean we are in profitable considering our overall gambling experience.

Barely 1 person out of 1,000 or maybe 10,000 manages to stay profitable in gambling and all others stay at a loss which is the reason why casinos are always profitable and this is because gambling is a business for casinos and it isn't a way for gamblers to earn money.

[taufik123]

-snip-
Barely 1 person out of 1,000 or maybe 10,000 manages to stay profitable in gambling and all others stay at a loss which is the reason why casinos are always profitable and this is because gambling is a business for casinos and it isn't a way for gamblers to earn money.

yes that's what Online casinos are like, especially if there are many gambling addicts then the profits of Online casinos will be more and more.
Those who profit in gambling will be lucky to have a chance to hit the jackpot or turn over their capital, but those who continue to lose will only end up with regret.

But keep in mind gambling has warned all that, it just depends on how gamblers do gambling as entertainment or as a place to make a lot of money or vice versa.

[rachael9385]

Funny enough a lot of people who win in gambling are not much compared to the number of people who lose daily, that is enough reason for one not to take gambling as a means of earning a fortune, it is not like an everyday job where you'll work an expect income whether monthly or weekly. In gambling, making profits is based on luck and skills and 1 or 2 in 10 persons have been very lucky to make huge fortune out of it. I think the best way to see gambling is as a form of entertainment, that is why it is advised that people should bet with what they could afford to lose. Also, instead of chasing loses I'll advise you quit for a while and try again later.

I think it's also the same as your money was given to another gambler. From my obsession, I have come to think that as you are losing your money on gamble and another gambler is winning, the money that are being used to settle the winner is the money the other gambler (including you) have been losing all those while. A gambler should not gamble when he can not afford to lose what he have.

[Obim34]

Funny enough a lot of people who win in gambling are not much compared to the number of people who lose daily, that is enough reason for one not to take gambling as a means of earning a fortune, it is not like an everyday job where you'll work an expect income whether monthly or weekly. In gambling, making profits is based on luck and skills and 1 or 2 in 10 persons have been very lucky to make huge fortune out of it. I think the best way to see gambling is as a form of entertainment, that is why it is advised that people should bet with what they could afford to lose. Also, instead of chasing loses I'll advise you quit for a while and try again later.

A gambler should not gamble when he can not afford to lose what he have.

One thing about the effect of gambling is the way we prioritize it, many see it as a good source of income or a good habit that can generate profits for them instead of doing jobs and get paid, all these are their lazy and poor standard of reasoning whereas a good winning streaks is not assured and this leads to them chasing after their losses  all in the name of making profits but personally I see gambling as something I do and should do recreational. Today I lost a bet, fine am okay with my loss because what I used to stake is an amount not worth affecting my state of good living.

[Miles2006]

Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

Using the word "earn" looks like a job you get paid for and I don't expect this idea from any gambling cause gambling is just a game where you get to win or lose unexpectedly so choosing gambling as a career is useless at this moment. Gambling has always been like this for long and nothing can change it, as a gambler you'll definitely lose cause there's no amount of strategy a gambler apply that can help except such day turns out to be a lucky day, I can testify cause each time I lose I get angry with the mindset of quitting gambling but I guess I'm still gambling probably I'm not ready but if gambling is not working for a person and such gambler need the win so badly I will advice he/she quit for a while. Quitting for a while is not so deep but what matters is our view and opinion about gambling cause your believe can determine what will happen next so if anyone is having this believe earning with gambling such person should change

[Franctoshi]

There's no two ways about this, since the op is asking about what should be done when we lose money in gambling, To me the best thing one should do here is just take a break, stop and re-evaluate your betting strategy , Try to study or know why you have been losing , if you are playing the right kind of game that you understand very well, because some gamblers just bet even when they don't understand how that particular game works, and lastly finding area of gambling you understands.

[shivansps]

Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

You wrote that there are people who also lose a lot of money gambling. I believe that we should not look at other people. We may not know anything about them. A person can afford to bet large sums on risky events on bets because he has a lot of money, another person has long lost a sense of control and does not manage his life, a third person can control himself very well, etc.
We should know our weaknesses and try to protect them. If I know that after a loss I always try to win back, for example, then I try not to place bets after I lose. In your case, you may have bet money that was important to you and you couldn't afford to lose. It is important to be able to analyze mistakes and losses

[Ojinga]

First what's gambling? For me gambling is a place where you predicte games either you win or you lose. Before you think of going into gambling you should know that either you'll lose or win it's a game of risk. So losing when gambling it's a fixed thing everyone who gambles do lose but when you keep trying and keep up with your predictions you definitely win. I've some many friends who do gambles but few of them haven't win a game one day but the continue playing, why because they know they are spending money but they won't quit. For me what should be done when you lose more in gambling, your predictions are not good enough and you should change the ways you play your games. I do gamble as well but when I started gambling I lose a lot then a friend of mine showed me another pattern of gambling. It's totally different which other people don't know about. at first when you lose you'll surely get mad because it's money you're wasting.

Gambling it's smartness and when you notice that you're losing much please friends just try and hold for like few days and think of changing strategies in the game. Because it's a game of risk you aren't the playing it in reality.

And what I'll advise people that do lose most some times check the bet site that you're gambling with. Most of this site are not legit sites for gambling, you'll be playing but you'll never win a day. Because the more you lose the online casinos gambling sites increase with their income, so I think all of us are probably chasing the same thing because if you win you'll surely get your money more than what you gambled with. So you can't gamble and always think that you'll always be the winner, their are 1000% people playing every day and you won't expect that the 1000% will win. No always believe that the game is game of risk either you win or lose, but while losing don't get mad of yourself but if you see that gambling doesn't favour you please quit and find something else that you can use your money for. The most worse gambling that I'll advise people not to ever go in playing, it's visual. Visual for me visual it's away from gambling. Every day people do spend much on that.

I went to a bet niger shop I sew a boy playing visual and sweating very badly, he was very serious burning money and the worse part is that he haven't won a day. He just believe that he'll definitely win the game not until his money got exhausted while playing.

What pains me most about it, he went extremely too hard to himself even got to esteem of giving out his cell phone for a collateral. Just for him to win the game, for me I thought he have some debt that he needs to settle at that moment but he doesn't. People that's he normally gamble. So what thing about gambling it's not about being in a quickie mood of earning the money at that immediate moment. In gambling it's much more losing than winning so don't always believe that you must win, put it in mind that it's all about risking to win.

[Wakate]

There's no two ways about this, since the op is asking about what should be done when we lose money in gambling, To me the best thing one should do here is just take a break, stop and re-evaluate your betting strategy , Try to study or know why you have been losing , if you are playing the right kind of game that you understand very well, because some gamblers just bet even when they don't understand how that particular game works, and lastly finding area of gambling you understands.

Gambling is not as easy as we think and precaution is very important so that we don't end up losing more than we have to bet on. Many people are making mistakes because they are not ready to calm down and gamble since their motive is to make quick profit in the market. We need to be prepared to make money by taking the right approach so that we don't still lose in gambling. Those that are making money frequently in gambling now are those that have made sacrifices at the beginning and have lost money and now they are enjoying making money because they are ready to observe and taking the right risk that would bring more money for them.

[Antotena]

It is also funny when people ask for an advice for what should they do after losing. If they can allow to continue and want to do it, then they should continue gambling. If they run our of money, have no wish to continue, then they should stop. I mean what advice do they want to get? When they lose, for someone suggest them a winning strategy, or a bet that will be a 100% win next time? Or where to get more money?

The sad part of it is that even if you give them all the advice needed, they might not even use your advice, they will stick to their initial plans because they will see yours as waste especially when they don't win with such strategies. I just think that regardless of outcome from gambling, all gamblers should follow a definite rule by not betting more than the can lose, not borrowing money to gamble and follow risk management. With these, you absolutely have nothing to worry about gambling.

I have seen this guy that has said many times that he will never bet again anytime he lost to betting but as soon as money enters his accounts, his gambling mode activated and common sense will disappear, it wouldn't come back until he exhausted the money and then the circle continues everytime he has money.

[Fivestar4everMVP]

There's no two ways about this, since the op is asking about what should be done when we lose money in gambling, To me the best thing one should do here is just take a break, stop and re-evaluate your betting strategy , Try to study or know why you have been losing , if you are playing the right kind of game that you understand very well, because some gamblers just bet even when they don't understand how that particular game works, and lastly finding area of gambling you understands.

Gambling is not as easy as we think and precaution is very important so that we don't end up losing more than we have to bet on. Many people are making mistakes because they are not ready to calm down and gamble since their motive is to make quick profit in the market. We need to be prepared to make money by taking the right approach so that we don't still lose in gambling. Those that are making money frequently in gambling now are those that have made sacrifices at the beginning and have lost money and now they are enjoying making money because they are ready to observe and taking the right risk that would bring more money for them.

Well, sorry but you are absolutely wrong, specially with the last part of your comment, winning in gambling has nothing to do with how much a gambler have previously lost to the activity, if things worked in such a way that, those who have lost the most to gambling tend to win more over time, I am pretty sure that old time gamblers (including myself) will just retire from whatever work or business we are into, and by now, just relax and reap the fruit of our long years of loses to gambling, but unfortunately, things don't work this way, it doesn't matter how well experienced you are in or with gambling, if you re not lucky, you will not win, it does not matter how much you've lost before.

So, the best advice for us to always mind what we do, and how much we spend on gambling on daily basis, monitor our win as well as our loses, know when we are already losing too much and taking a break, so as not to end up losing money meant for some important things; to gambling.
And most importantly, it's best to see gambling as a means of having fun, and not a way to make money, for in the end, the chances of a gambler losing to the casino is always higher, so, seeing gambling as a way to have fun brings better peace of mind.

[piebeyb]

-snip-
Barely 1 person out of 1,000 or maybe 10,000 manages to stay profitable in gambling and all others stay at a loss which is the reason why casinos are always profitable and this is because gambling is a business for casinos and it isn't a way for gamblers to earn money.

yes that's what Online casinos are like, especially if there are many gambling addicts then the profits of Online casinos will be more and more.
Those who profit in gambling will be lucky to have a chance to hit the jackpot or turn over their capital, but those who continue to lose will only end up with regret.

But keep in mind gambling has warned all that, it just depends on how gamblers do gambling as entertainment or as a place to make a lot of money or vice versa.

In the end, gamblers have to determine what their goal is in gambling. Most of what we know is that they gamble only to get money and make a profit, that's why when they experience defeat they continue to gamble again until they actually lose a lot of money and of course gambling like that will only continue to benefit online casino owners. , more and more gamblers who play recklessly will ultimately experience failure and bankruptcy because they cannot control their emotions when gambling and continue to be curious about the gambling they are playing.

Online casinos are created as a place to have fun, but people continue to think of them as a place to make money and multiply their money, but in the end, many gamblers become addicted to the point that the online casino owner ultimately loses. Every gambler must know how, when they lose, they should stop gambling and Always make sure you gamble with money you can afford to lose, not gamble with money for your life's needs because that's the same as throwing away money that is important for your life, so it will ruin everything in the end. Gamblers must be aware that there are risks in gambling so limit the budget and gamble with money that is ready to be lost so as not to become addicted.  

[Gaza13]

Imo is not a smart move to always have the urge of wanting to get what one have loss back or chasing after losses. Because when one has began to have such mindset or thought of getting that they have loss I their gambling sections, they may endup magneting more losses to themselves. So chasing after losses isn't encouraging at all, when one encountered any forms of losses in Their gambling, is better to call it a day. So that they can have enough time to get their head back in the game.

Taken gambling as a form of getting rich quick or as a source of earning is never a good start because gambling is a form of entertainment. Though one can earn some extra cash by hitting the jackpot but still doesn't mean that one should take it as a source income.

If we have experienced a lot of losses in gambling, we should just stop, don't expect too much to catch up on our previous losses. This will make you fall deeper into the abyss of your losses. Emotional control and financial management are needed when we start gambling. We should play only for entertainment, not to earn a living. Basically the gambling owner has arranged everything for you when playing, even if you have good skills. Not a single bookie made him go bankrupt, which makes the dealer rich from your losses while playing.

[madnessteat]

It is also funny when people ask for an advice for what should they do after losing. If they can allow to continue and want to do it, then they should continue gambling. If they run our of money, have no wish to continue, then they should stop. I mean what advice do they want to get? When they lose, for someone suggest them a winning strategy, or a bet that will be a 100% win next time? Or where to get more money?

I have suggested it once but I will repeat it again as personally it works out for me.I usually say to myself this advice before starting to gamble so I say to myself where I will be if I don't gamble and the answer is that I will have more money in my balance to do other things that I may not otherwise be able to do.The same can be said to people who have lost and want to stop,they can ask to themselves like I have done,they can say where would I be if I had not gambled all this money and lost everything by gambling almost daily in a consistent way?The answer is motivating to say the least and for people who really want to quit they can achieve it as I am sure they will love the idea of having more money without gambling.

You need to realize that gambling requires money just like other entertainment. Why fantasize if you can before starting a gambling session accept the fact that you will in any case lose this money as a payment for services.

If you think that you can enjoy the money lying in your pocket for a long time, you are wrong. Most of us enjoy spending money more than having it.

 At the moment of gambling session, you get emotions that are very difficult to get in other entertainment. This is why there are so many gamblers in the world.