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Author Topic: Dangerous chasing losses  (Read 2598 times)
alegotardo
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October 27, 2023, 01:32:50 AM
 #101

~snip~
Conclusion: I will never gamble again when I’m bored or chase loss small amount. With this exhilarating experience. I think I will stop gambling for a long time and reflec on what dumb thing I do today.

Were you lucky or really skilled?
Most bettors end up "losing their minds" and are unable to reason correctly when they get into a streak of bad luck with sequential losses, as a result they end up losing a lot of money until they finally realize that it is no longer possible to reverse the losses.

The good thing about this event is that in addition to having made a profit, you learned a lot so that you don't make that mistake again.

Congratulations on the achievement and thank you for sharing this story here, I hope it helps other people too.

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danherbias07
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October 27, 2023, 02:17:07 AM
 #102

I always tell myself when I lose half of my balance that I cannot get it back anymore. Being forgetful can be the key factor in avoiding this kind of problem. If we know how much we want to get back then it won't happen. Win some and then change the game. That's what I think will work better than staying in one game and chasing all of it in one sweep.
But quitting is a better option, especially for casino players. Right now, I am spending more time in sports betting where I think I have a better chance to double my bet than relying on casino games these are sometimes (most of the time) stressful because of the house edge that is difficult to defeat.
I've played a lot using small bets with hundreds of thousands of amount of bets and all I see is downward so I think I will just go back on sticking with sports betting from now on.

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October 27, 2023, 03:44:48 AM
 #103

Lastly, I deposit 1800$ to have a better bankroll again, This time I’m betting like a high roller and lucky manage to recover my losses and bag 150$ profit.
- You're among the fortunate ones who can bounce back from a losing streak. I've been through similar experiences a couple of times. The first time I lost everything, I swore I'd never gamble like that again. But, surprisingly, a few weeks later, I found myself losing in the same way.
- I can't help but wonder, what would you do if luck wasn't on your side and you lost all $1800?
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October 27, 2023, 04:42:16 AM
 #104

Lastly, I deposit 1800$ to have a better bankroll again, This time I’m betting like a high roller and lucky manage to recover my losses and bag 150$ profit.
You are indeed lucky, because this is just the way people start to gamble with small amount of money and later go for bigger amount like your savings or all the money that you have with you. What will later end it is the person finding himself that he got no money again as all has been used to gamble. Just quit gambling for now to have a better mindset. Do not go more than your gambling budget anymore, because you are lucky today, tomorrow may be very different.

I feel the real intensity of my mistake after I withdraw my funds. My hand is shaking and I think my flu come back again due to intense game. I just recently received my yearly bonus and other incentives at work that’s why I’m very confident on playing huge amount.

I can’t imagine what will I deposit when I still lose my 1800$ because I still have remaining balance on my bank account this time. I learned a lot of lesson today. Even a casual gambler can still commit a mistake like addicted gambler does when in dire situation.  Angry 

       -  It costs me $1800 here in our country. I can't lose that much gambling here in just one day. Maybe when you used it, you didn't think about losing your gambling. But the more you think, the more you can grow it by winning more gambling.

Although sometimes I also had the experience of chasing my loser, I also stopped when I felt that my loser was getting further away and growing a lot. That's why I stopped instead of making my bankroll zero. So I think I made the right decision, even though I really lost.

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October 27, 2023, 05:50:46 AM
 #105

The OP is just going beyond the limits of his ability to get rid of boredom. He should know that using smaller amounts of money is better for getting rid of feelings of boredom, unless he really wants to make money, after all if he initially uses smaller bets it won't drain more of his money but luckily OP has managed to recover his losses and that's good enough.

But if he loses and chases his losses and fails, it will obviously be very detrimental to him. Limiting his gambling budget is important because when he loses he can stop playing and start to feel that it is not good to continue. It should not be continued. Playing with smaller money for fun is no problem. , for example OP is looking for another activity for example playing golf or playing a fun game that costs $100 or more maybe OP will not pursue it because he feels it is entertainment so why ask for money back, just like OP lost at the start but pursuing it is a decision which is wrong and reckless even though in the end he can win it, OP should reduce the budget limit to a smaller one if he really wants to enjoy gambling when he loses there is no need to chase it
Even though it is boredom, @OP should know that there is no guarantee that he can win from gambling but he can experience a lot of losses. When he succeeded in winning, he should have immediately decided to stop so that his losses would not increase. That would be better than later depositing more money where there is no guarantee that he can win. Playing gambling with a small amount of money is enough for him to get rid of boredom because it depends on how we can overcome boredom.

Only by limiting his gambling budget can he avoid losing a lot and it would be even better if he could stop gambling. Chasing a win or recovering from a loss is not recommended because it will result in greater loss, even though there is a possibility that he can win. But as far as we know, we cannot always win when playing gambling, so we have to control our gambling. And don't let us lose control of ourselves when gambling because that can cause various problems.

Maybe what you did at that time was that you were not able to control yourself well so you could lose the money you deposited and in my opinion at that time you had not found the luck to win, and what you did was chase losses by gambling again even though you should have What to do is stop gambling immediately so as not to cause even greater losses.

@OP's opinion is absolutely correct, with the bad conditions and situations we are experiencing, it's a good idea for us to just stop gambling, because that way we can prevent the risks of gambling and it's better to look for useful activities to restore our minds and if we want to go back to gambling we already have thoughts. be good and careful when gambling to minimize the loss of the money we have.
Yes, that was a mistake I made and I didn't pay attention that anything could happen in a gambling game and didn't control myself well so I lost. I then realized that whatever I experienced in gambling should be a valuable lesson so that I don't repeat it in the future. I also learned to control myself better, which is not easy because it requires time and more frequent practice.

I agree that stopping gambling as soon as possible after experiencing a loss is the best way to avoid big losses. And by stopping gambling, we can prevent bigger risks so that we don't have to lose a lot of money in gambling.

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October 27, 2023, 07:02:24 AM
 #106

Even though this situation made you feel bad psychologically, it was a very nice experience for you and it caused you to have an experience that didn't hurt you too much at the end of the whole process.

If he lost it all, it would be more difficult for him to make it out of this thought. Looking at his reactions despite earning profits, you'd understand how bad it affected him psychologically. He was amazed to find himself wearing such a behavior. It has never been this way, in his memory. It'll help him not to behave that way anymore, in future. It'll be hard to tell how it happened to him, but if the experience took away few of his normal behavior. The therapy would be, giving such thought a break. As thinking so much about a vague past experience can help cause more mistakes. In the person's gambling activity. He'll may be too conscious of not repeating what happened, when he had enough time and funds. Thereby, reducing the comfortability they get through gambling. So if the behavior negatively affects his winning, it could be that the player is not staking with a clear mind. Also affecting their personal relationship to people. Hence, it's important for gamblers to always stay cheek by jowls with non gamblers. So that they'll be able to reach a wider audience. That they teach about the effects of gambling; good and bad. Guide on their journey to bitcoin. And most importantly garner profits through them. In return non gamblers can be the primary detector of an uncertain behavior in the gambler's life. It's crucial to know how people have felt about the changes in us, which we are not aware. Nobody is an exception in such an occurrence. We must follow our minds and things we've thought as possible or works. To know the new behaviors in us, and be able to link it to its cause, can be a good definition of a gambler.
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The mind is a complex part, and it can experience significant transformations when it is exposed to the highs of gambling. Shifts that have the potential to impact one's basic nature, interpersonal interactions, and self-perception. There are turns and turns throughout this trip. Therapy, taking a break, introspection... These are necessary. What's more important, though? Surrounding oneself with non-gamblers. They could provide an objective, new viewpoint. In a chaotic world, they can serve as the voice of reason. They can assist the person in recognizing the modifications, adjustments, and departures...

Ultimately, though, the key is self-awareness. identifying the alterations, comprehending the causes, and making efforts to achieve equilibrium. It's about constantly, always, always remaining loyal to oneself

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October 27, 2023, 07:13:34 AM
 #107

You don't have to be a addict gambler for you to start chasing losses, even a beginner can find it hard to let go of the amount they lose to gambling on their first day, they will start trying hard to at least get their money back and yet they will fail, once you use money you aren't ready to lose you will likely start chasing your looses which will eventually leads to more loss.

The rules are simple but many think they are smart or genius when it comes to gambling, do not use money you can't afford to lose, how hard can this warning be that people ignore it? Wanting to make a lot of money from gambling is what encourages you to use a big amount of money and that's why most people will use money they can't afford to lose.

If you have ten dollars to use for gambling and you lose half of the money, you still have more five dollars to risk, but once you lost everything it's wise to stop gambling and wait for another day when you have spare ten dollars to risk again, do not use what you can't afford to lose, that is the solution to chasing losses in gambling.
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October 27, 2023, 08:24:02 AM
Last edit: October 27, 2023, 08:37:12 AM by Saisher
 #108

Only few gamblers succeed in chasing their losses, the motivation to recover our losses backfires because we are trying to win back the money that we've previously lost, when you're chasing your losses you are pressured to win and because you think you fumble on your votes and commit error after error, I've experienced this and the feeling is so bad that I can't eat in a few days because the what if, keeps running in my mind.
Chasing losses is a big nightmare for gamblers because you cannot think clearly and you feel you are in hostile territory, It is better to keep in mind that whatever happens, you will not chase your losses.
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October 27, 2023, 12:18:48 PM
 #109

Only few gamblers succeed in chasing their losses, the motivation to recover our losses backfires because we are trying to win back the money that we've previously lost, when you're chasing your losses you are pressured to win and because you think you fumble on your votes and commit error after error, I've experienced this and the feeling is so bad that I can't eat in a few days because the what if, keeps running in my mind.
Chasing losses is a big nightmare for gamblers because you cannot think clearly and you feel you are in hostile territory, It is better to keep in mind that whatever happens, you will not chase your losses.

In addition to a little, I also think it is almost impossible to get success, besides that these actions will also only make your situation worse, instead of returning the previous defeat but what happens is that the number of defeats increases, and that is the cycle that always happens and is suffered by gambling addicts.

An addict will usually treat frustration over his defeat with some motivation that they create themselves, that is one of their wrong actions, already knowing their mindset is wrong but instead believing in assumptions that come out of their own minds instead of seeking some help from others through some advice. They will always justify their own wrong actions, with all positive mindsets such as "I'm sure in the next experiment I will be able to get a real victory", but in the end they still lose lol, it doesn't just happen once but it has become a cycle that they will continue to live indefinitely.

You have felt it yourself, because it is true that the pressure due to such conditions in gambling is very bad, so you even don't eat for several days, and not only that, but other unexpected things are also very likely to feel like depression or even act out of control. So the point is that there is no point in you chasing losses because gambling is just a matter of luck and why the final result is always not what is expected? because there is absolutely no guarantee that you will win.

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October 27, 2023, 01:45:57 PM
 #110

Only few gamblers succeed in chasing their losses, the motivation to recover our losses backfires because we are trying to win back the money that we've previously lost, when you're chasing your losses you are pressured to win and because you think you fumble on your votes and commit error after error, I've experienced this and the feeling is so bad that I can't eat in a few days because the what if, keeps running in my mind.
Chasing losses is a big nightmare for gamblers because you cannot think clearly and you feel you are in hostile territory, It is better to keep in mind that whatever happens, you will not chase your losses.

We can't say few but rather there are several gamblers been lucky that there result became different compare to other people who choose to chase their losses since they encounter more heavier losses and worse all their money is gone because they made a crazy decision for pushing their selves to their limits. But if some other successful for recovering back their money it doesn't mean that this scenario will always happen to them since they should consider the luck factor and that scenario might not come to them anymore if they choose to risk their money on super risky situation.

We know all people doesn't want to lose everything they have so maybe best for us to have second thoughts on each decision we going on so that we will not regret all the decision done when everything became a big mess to us.

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October 27, 2023, 01:57:13 PM
 #111

Maybe what you did at that time was that you were not able to control yourself well so you could lose the money you deposited and in my opinion at that time you had not found the luck to win, and what you did was chase losses by gambling again even though you should have What to do is stop gambling immediately so as not to cause even greater losses.

@OP's opinion is absolutely correct, with the bad conditions and situations we are experiencing, it's a good idea for us to just stop gambling, because that way we can prevent the risks of gambling and it's better to look for useful activities to restore our minds and if we want to go back to gambling we already have thoughts. be good and careful when gambling to minimize the loss of the money we have.
Yes, that was a mistake I made and I didn't pay attention that anything could happen in a gambling game and didn't control myself well so I lost. I then realized that whatever I experienced in gambling should be a valuable lesson so that I don't repeat it in the future. I also learned to control myself better, which is not easy because it requires time and more frequent practice.

I agree that stopping gambling as soon as possible after experiencing a loss is the best way to avoid big losses. And by stopping gambling, we can prevent bigger risks so that we don't have to lose a lot of money in gambling.
As the saying goes, people will not be satisfied or aware if they have never experienced or felt something bad happen to them, so for you, what I mean by the risk of gambling that befalls you, you will then realize that what you have been experiencing is a fatal mistake because You haven't been able to control yourself well so you regret having done that and now you are trying to start changing by learning to control yourself well.

Of course, if someone has experienced defeat then what he has to do is stop, even though this is very difficult to do, but if he has a strong belief then this will not be as difficult as he imagines, because according to him if he gambles continuously then he will lose a lot of money, not increase it Money.

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October 27, 2023, 01:57:48 PM
 #112

In addition to a little, I also think it is almost impossible to get success, besides that these actions will also only make your situation worse, instead of returning the previous defeat but what happens is that the number of defeats increases, and that is the cycle that always happens and is suffered by gambling addicts.
The only way a gambler to success in chasing losses is he need to hack the site and steal as much as he can lol.

I imagine if someone is successfully recover all of his previous losses, I don't think he will completely quit gambling, but I believe he will try to gamble in order to earn more. A gambling addict will not change if he's not realize and have a commitment to gamble only for fun.

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October 27, 2023, 02:24:47 PM
 #113

Only few gamblers succeed in chasing their losses, the motivation to recover our losses backfires because we are trying to win back the money that we've previously lost, when you're chasing your losses you are pressured to win and because you think you fumble on your votes and commit error after error, I've experienced this and the feeling is so bad that I can't eat in a few days because the what if, keeps running in my mind.
Chasing losses is a big nightmare for gamblers because you cannot think clearly and you feel you are in hostile territory, It is better to keep in mind that whatever happens, you will not chase your losses.

Yes, there are others who recover their losses and I think these are the only ones who are not too greedy, because once they recover their winnings, they will not bet again.
I experienced this before when I got back my loss but of course I felt like I would win a lot more so I just continued gambling until I ran out of money without realizing it. When you're really hooked and you receive a lot of money from your gambling, it's really hard to control yourself. I didn't repeat it because I was taken by what happened and I learned something from my stupidity at that time.

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October 27, 2023, 02:39:43 PM
 #114

Lastly, I deposit 1800$ to have a better bankroll again, This time I’m betting like a high roller and lucky manage to recover my losses and bag 150$ profit.
- You're among the fortunate ones who can bounce back from a losing streak. I've been through similar experiences a couple of times. The first time I lost everything, I swore I'd never gamble like that again. But, surprisingly, a few weeks later, I found myself losing in the same way.
- I can't help but wonder, what would you do if luck wasn't on your side and you lost all $1800?
What are you looking for in gambling friends? Duplicating money? Chasing defeat? or what? I think you need to change your mindset a little in gambling, if you expect to win intentionally then you will experience frustration in gambling that you do because you don't have the luck to win, and it could be the impact of that you will continue to gamble and try to pursue losses.

Gambling problems make a place to have fun, although in the end you lose you get time to have fun time in gambling, even if you are lucky in the gambling you do, I think it is the fortune you need to be grateful for.

Judging from his attitude he might chase the loss and stop until he gave up.

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October 27, 2023, 02:55:55 PM
 #115

Conclusion: I will never gamble again when I’m bored or chase loss small amount. With this exhilarating experience. I think I will stop gambling for a long time and reflec on what dumb thing I do today.

People can decide to engage in divers activities when they are bored. Some of them read, take a walk, go for a drink, or even play computer games. Gambling because of boredom is not in my list because it involves money. I will not risk money because I am lonely. It will be better to follow your gambling budget or seek other means of overcoming boredom.

Only a few gamblers succeed in chasing their losses, the motivation to recover our losses backfires because we are trying to win back the money that we've previously lost, when you're chasing your losses you are pressured to win and because you think you fumble on your votes and commit error after error, I've experienced this and the feeling is so bad that I can't eat in a few days because the what if, keeps running in my mind.
Chasing losses is a big nightmare for gamblers because you cannot think clearly and you feel you are in hostile territory, It is better to keep in mind that whatever happens, you will not chase your losses.

Chasing losses will lead to a lack of concentration which will cumulative to more losses. I have tried to recover my losses on a few occasions and I find myself tensed up and uncoordinated. As you keep losing, it will lead to anger issues and even confrontation with people around you. OP was fortunate to recover his losses after a hot chase but this is not always the case.

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October 27, 2023, 02:57:13 PM
 #116


Conclusion: I will never gamble again when I’m bored or chase loss small amount. With this exhilarating experience. I think I will stop gambling for a long time and reflec on what dumb thing I do today.


Many people say "I will stop gambling because I lose a lot" but after a few days, they'll be back to gambling again.

Nothing wrong with gambling as long as we are still in our minds but what went wrong is when we started to think of getting back our losses. This is the time that our emotions have been controlling us as in our mind to gamble more in order to win and secure our capital but too unfortunate that luck doesn't come when asked.

The only thing that we need to correct is our behavior and understanding of gambling.
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October 27, 2023, 04:50:00 PM
 #117

Only few gamblers succeed in chasing their losses, the motivation to recover our losses backfires because we are trying to win back the money that we've previously lost, when you're chasing your losses you are pressured to win and because you think you fumble on your votes and commit error after error, I've experienced this and the feeling is so bad that I can't eat in a few days because the what if, keeps running in my mind.
Chasing losses is a big nightmare for gamblers because you cannot think clearly and you feel you are in hostile territory, It is better to keep in mind that whatever happens, you will not chase your losses.

Yes, there are others who recover their losses and I think these are the only ones who are not too greedy, because once they recover their winnings, they will not bet again.
I experienced this before when I got back my loss but of course I felt like I would win a lot more so I just continued gambling until I ran out of money without realizing it. When you're really hooked and you receive a lot of money from your gambling, it's really hard to control yourself. I didn't repeat it because I was taken by what happened and I learned something from my stupidity at that time.

Good thing that realization hit you that hard for you to decide not to repeat that same mistake, I think there are many who can say that they also experienced that same mistake, instead of stopping after getting that opportunity to recover all their losses, they will think that they will going to win more, as luck already showing up and giving them that green sign to continue pushing for more.

End of the day, regret and that long time memory of losing your money instead of having that chance to pause and quit.

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October 27, 2023, 05:23:50 PM
 #118

Chasing your losses is one of the worst mistakes that one can make while gambling and it's one of the best moments for a casino that is being used by the gambler because they tend to get a lot of money in such situations because it's obvious that the gambler is going to lose everything eventually if they don't stop at the right time, and the right time is when they've lost their initial bankroll that they were always ready to lose and wouldn't think much about.

Some people actually manage to recover their losses in the first couple of attempts, but they don't stop there, they gamble more and once they lose again, they think they can recover it again but once they go for it, they are struck with extreme disappointment in the shape of losing their entire balance and then depositing more and losing that as well.

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October 27, 2023, 05:29:51 PM
 #119


Yes, there are others who recover their losses and I think these are the only ones who are not too greedy, because once they recover their winnings, they will not bet again.
I experienced this before when I got back my loss but of course I felt like I would win a lot more so I just continued gambling until I ran out of money without realizing it. When you're really hooked and you receive a lot of money from your gambling, it's really hard to control yourself. I didn't repeat it because I was taken by what happened and I learned something from my stupidity at that time.

You will surely loss if you are counting your losses while gambling since your decision making will be affected by your desire to bet higher just to quickly recover. This is why you should think only about playing your current game and stop counting your loss so that  the game you are playing is in total control of your clear mind.

Just set a target profit and allocate a bankroll you should only use for that game so that you will never consider chasing loss or being greedy to win more once you hit those target.

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noormcs5
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October 27, 2023, 05:36:23 PM
 #120


Yes, there are others who recover their losses and I think these are the only ones who are not too greedy, because once they recover their winnings, they will not bet again.
I experienced this before when I got back my loss but of course I felt like I would win a lot more so I just continued gambling until I ran out of money without realizing it. When you're really hooked and you receive a lot of money from your gambling, it's really hard to control yourself. I didn't repeat it because I was taken by what happened and I learned something from my stupidity at that time.

You will surely loss if you are counting your losses while gambling since your decision making will be affected by your desire to bet higher just to quickly recover. This is why you should think only about playing your current game and stop counting your loss so that  the game you are playing is in total control of your clear mind.

Just set a target profit and allocate a bankroll you should only use for that game so that you will never consider chasing loss or being greedy to win more once you hit those target.

Some people may ask why they lose even more when they are counting their losses or looking to recover their losses. Well, the answer is that once you are thinking about the loss, you are all surrounded by negative energy and you only are depressed and full of negative thoughts. That is the reason that you may lose even further.

Believe me or not, if you want to win, you need to have positive energy, hope and willingness to win. Only then you may succeed and may win in gambling.

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