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Author Topic: Dangerous chasing losses  (Read 2586 times)
CryptSafe
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November 09, 2023, 09:37:42 PM
 #281

So many people are fond of gambling dangerously in their quest to reclaim already lost money in gambling and that I think is a result of lack of self control as well as inability to manage their emotions whenever they're losing.
For one to gamble on the first place, he must accept that there is every possiblity of either winning or losing and should be able to handle the emotional feelings that comes with both in other not to become a gambling addict. It's not wise gambling more and more when one is losing because at that moment, the person will not be strategic enough to know when to gamble how to gamble rather will be reckless with his gambling decisions because if his desire to reclaim his lost money
Another big problem for those that are chasing their losses is that the expectations they have from gambling are out of place, they believe that since they watched a few influencers making some money that they already know everything there is to know about gambling and they can begin to use casinos as their personal ATMs, a completely ridiculous notion, as if that was possible then casinos as a business will disappear as no business can sustain those losses for long.

Chasing of losses has been a major problem I think gamblers are facing because most of the addiction came as a result of chasing of losses to recover all they have lost, but in the process of doing so, they keep losing more and more as they continue to chase their losses.  Watching influencers play, gamble, and win is not the major point, though, because that is not convincing for one to rush to start gambling because they saw an advertisement of an influencer playing and winning. I see that as not convincing because it is a fake advertisement, so in that case, it might be a fake win to entice gamblers to playing with them and when they do, they start to tell stories and lots more.

Yes, I agree with what you said. Chasing losses is a big problem for them, because if they play with such principles or goals, there is little chance that the victory will be obtained to restore the losses they are chasing. Moreover, if they chase losses, it is not the victory that will be obtained but most likely the defeat that they will get, so they spend more money to chase the loss.

Apart from that, if they run out of capital they can just borrow here and there or online loans, which of course this will make things worse, and their lives will become unsettled because they are in debt here and there with a large amount. and not a few people have done this, those who have been deceived by advertisements that promise big wins do not realize because there are no bookies who will lose in gambling, if there is maybe the player is lucky sedan not good at gambling. So it's true what you said about the victories that only aim to attract players to go deeper into gambling until addiction occurs. 

Chasing loses can be detrimental to ones gambling lifestyle and should be properly  put under a check. As a responsible gambler, you should know when to call it a day, take a bow and leave the casino rather than chasing shadows of losses incurred as a result of not being principled enough to follow their own instructions for which they set up for themselves. Leaving a casino when you are done saves you the stress of looking for where to borrow in other to chase losses. It is best to do so because loans can put very detrimental to playing gamble because if you are not careful, you will lose out making you indebted.
Something of this nature is something that make people to be addicted in gambling whenever you are chasing lose and it's when you have more loses and when you continue to get more lose in gambling you will be desperate in recovering what you have lose, so therefore if you are chasing a lose that means you are liable to lose more, so I will advice any gamblers to ensure that whenever you lose do not chase it because it will lead you into addictive, and in gambling we have to be careful of gambling and how much you spend in gambling, because tye more you lose in gambling the more you spend more funds

Having a budget could help cushion this effect.  Here gamblers who are always after  their losses can be able to Play by their budget plan accordingly.  This would help them reduce  the rate at which they gamble because this would make them develop self-restraint. As a gambler, self restraint is of good importance because it guides you to being cautious of your gambling lifestyle and makes you play responsibly and for fun. Addiction can be a thing of the past if one who is addicted decides to take it upon himself to play by budget plans and steaks to it.

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November 09, 2023, 09:38:51 PM
 #282

And what causes gamblers chasing loses most times is  when a gambler gambles more than they can always afford to lose, and in such case, the only option such gambler has is to double his betting stake, while hoping to win and recover all lost funds plus an extra, just as O.P did, by winning an extra, which is a rare occasion, as most times, if you are not lucky enough, you could also end up losing your entire funds, and gamble only responsibly at all times no matter whatever the scenario be, while having how much is he/she willing to risk at all times.

Gambler lose more in chasing loses because they tend to stay on the same game.  Like in slots, the longer we stay on this game, the more frequent dead spin occurs.  So if chasing losses is triggered, the player tend to ignore that kind of observation and keep on gambling until they ran out of money.

The danger of chasing losses is the trigger factor where a gambler don't mind anything but to get a huge win and eventually recover his losses which often times don't happen.
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November 09, 2023, 10:26:36 PM
 #283

And what causes gamblers chasing loses most times is  when a gambler gambles more than they can always afford to lose, and in such case, the only option such gambler has is to double his betting stake, while hoping to win and recover all lost funds plus an extra, just as O.P did, by winning an extra, which is a rare occasion, as most times, if you are not lucky enough, you could also end up losing your entire funds, and gamble only responsibly at all times no matter whatever the scenario be, while having how much is he/she willing to risk at all times.

Gambler lose more in chasing loses because they tend to stay on the same game.  Like in slots, the longer we stay on this game, the more frequent dead spin occurs.  So if chasing losses is triggered, the player tend to ignore that kind of observation and keep on gambling until they ran out of money.

The danger of chasing losses is the trigger factor where a gambler don't mind anything but to get a huge win and eventually recover his losses which often times don't happen.

Yeah right, once you already been triggered by aggression you will keep trying and hoping that a big win will happen and you'll be able to recover,  Yolo is most of the time the final push, you win be happy, you lose, regret is on his way to chase on you. Better to play with the desire of being entertained and not to exceed from it. Winning or earning should be a bonus and not really the focus of your game.

You're safe if you are playing for enjoyment and with strong money management,  other than that there's always a big risk to become aggressive.

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November 09, 2023, 10:37:18 PM
 #284

If you go through the entire explanation, you will understand the meticulous nature of the details pointing out to you not having a budget. It was a very risky gamble, it might have caused you a almost 6 months and one week of your signature pay.
If you calculate it this way, you'll understand the reason why people budget their gambling funds else you'll have setback not anticipated

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November 09, 2023, 11:03:57 PM
 #285

It's important that people begin to understand how unhealthy chasing losses can be , some persons may be lucky to recover their losses when they actually chase after it but the truth remains that most often they loose even more so definitely it's not a healthy thing to do, I'd you had a particular budget before visiting the casino, always make sure to stick to it
Not just unhealthy but will give you more frustration on top of the actual losses you've already incurred. Most of us just want to recover our losses and that's what we're doing when the time is on us that we're about to decide whether to continue and try to recover our losses.

It's not ending up good for the majority of us and anyone can speak for their own experience. Yes, some may be lucky to recover their losses but it's not like a daily scenario for all.

if you exhausted your budget without a win yet it's very much advisable you leave and don't hope to further recover comeback the next day u may be lucky.
This is so much better, take the day off and come back in some other days.

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November 10, 2023, 02:49:51 AM
 #286

Chasing of losses has been a major problem I think gamblers are facing because most of the addiction came as a result of chasing of losses to recover all they have lost, but in the process of doing so, they keep losing more and more as they continue to chase their losses.  Watching influencers play, gamble, and win is not the major point, though, because that is not convincing for one to rush to start gambling because they saw an advertisement of an influencer playing and winning. I see that as not convincing because it is a fake advertisement, so in that case, it might be a fake win to entice gamblers to playing with them and when they do, they start to tell stories and lots more.
that's why we have to be smarter in assessing things, advertisements definitely promote what they advertise with the promise of big profits, of course to attract the interest of users, which in reality the advertisement does not match the facts.

Chasing losses will only make us increasingly out of control and will most likely become addicts. If we have experienced this it will be difficult for us to stop because all we have in mind is the ambition to win at gambling, therefore according to the title of this thread "chasing losses it's a dangerous thing"

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November 10, 2023, 03:19:26 AM
 #287

Every gamblers expect something immediately after they played their coupon and the moment their experience loss in their course of gambling the whole mentality changes and instead of coming to win money, you then tend to play to try and recover the one you have lost which is absolutely madness. I even asked a friend about the syndrome of chasing your loses and he replied simply that not all humans are the same.
Well, that's how gambling works and that is why their online gambling business won't lose, no bankruptcy will happen unless they are hacked or a robbery will happen due to an inside job.
Gamblers will keep on playing because they want their money back. Most of the gamblers cling to the belief that somehow the gambling site will return their losses due to RTP or the provably fair rule. But that's not the whole truth. It's a false hope that they input and yet many still believe in it. I do. Grin
It's crazy how we know the truth that we cannot win against the house and we will keep on chasing the invisible multi wins and yet here we are still playing, still losing and the returns are so rare that it's almost an impossible feat.
Despite that, many people are still willing to risk their money for a chance of a little glory and I think this cannot be stopped, actually it will become contagious and more gambling sites will open.

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November 10, 2023, 03:59:31 AM
 #288

And what causes gamblers chasing loses most times is  when a gambler gambles more than they can always afford to lose, and in such case, the only option such gambler has is to double his betting stake, while hoping to win and recover all lost funds plus an extra, just as O.P did, by winning an extra, which is a rare occasion, as most times, if you are not lucky enough, you could also end up losing your entire funds, and gamble only responsibly at all times no matter whatever the scenario be, while having how much is he/she willing to risk at all times.

Gambler lose more in chasing loses because they tend to stay on the same game.  Like in slots, the longer we stay on this game, the more frequent dead spin occurs.  So if chasing losses is triggered, the player tend to ignore that kind of observation and keep on gambling until they ran out of money.

The danger of chasing losses is the trigger factor where a gambler don't mind anything but to get a huge win and eventually recover his losses which often times don't happen.
Without chasing losses, gamblers will also lose more often because this is gambling where there is no certainty that can give you guarantee of winning, even when you change games you can't ansure win.
Of course, very few gamblers can accept defeat and all this is because gamblers have the wrong goal when they enter into gambling, firstly they think of making money and secondly they always want to get win that is always bigger than before.
And as much as possible use money that is truly acceptable when you lose, I said this very often.

I consider chasing losses to be the first step towards ruin because to chase losses every gambler will definitely deposit or use more money, whereas once they start betting the losses will never stop.
This kind of behavior must be thrown away from gamblers if they want to be able to enjoy the true happiness of gambling.

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November 10, 2023, 04:24:07 AM
 #289

Chasing of losses has been a major problem I think gamblers are facing because most of the addiction came as a result of chasing of losses to recover all they have lost, but in the process of doing so, they keep losing more and more as they continue to chase their losses.  Watching influencers play, gamble, and win is not the major point, though, because that is not convincing for one to rush to start gambling because they saw an advertisement of an influencer playing and winning. I see that as not convincing because it is a fake advertisement, so in that case, it might be a fake win to entice gamblers to playing with them and when they do, they start to tell stories and lots more.
that's why we have to be smarter in assessing things, advertisements definitely promote what they advertise with the promise of big profits, of course to attract the interest of users, which in reality the advertisement does not match the facts.

Chasing losses will only make us increasingly out of control and will most likely become addicts. If we have experienced this it will be difficult for us to stop because all we have in mind is the ambition to win at gambling, therefore according to the title of this thread "chasing losses it's a dangerous thing"

Agree with you, we have to be smart in choosing and understanding what the aims and objectives of advertising are so that we don't easily believe and don't easily take promotions that have been advertised, because in fact most of the promotions that are advertised do not match the facts stated or promised.
It is true that by chasing victory or chasing defeat in gambling, a person will not be able to control his gambling because he really wants his hopes and desires to be fulfilled, if they are not fulfilled then he will become more brutal in gambling, even to the point of being said to be an addict, so what is true? what you said. If you have become an addict, it is very difficult to stop this behavior and can even last for quite a long time.

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November 10, 2023, 04:27:05 AM
 #290

I consider chasing losses to be the first step towards ruin because to chase losses every gambler will definitely deposit or use more money, whereas once they start betting the losses will never stop.
This kind of behavior must be thrown away from gamblers if they want to be able to enjoy the true happiness of gambling.

There's no joy in chasing losses; it just reflects our inability to accept defeat and the desire to always come out on top. This approach doesn't involve logical thinking; it's solely based on emotional decisions, and I'd argue it's a flawed strategy unless you have an infinite amount of money.

Once you start chasing losses, your patience begins to wane, and patience is a crucial trait for maintaining discipline and safety in gambling.

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November 10, 2023, 04:37:11 AM
 #291

And what causes gamblers chasing loses most times is  when a gambler gambles more than they can always afford to lose, and in such case, the only option such gambler has is to double his betting stake, while hoping to win and recover all lost funds plus an extra, just as O.P did, by winning an extra, which is a rare occasion, as most times, if you are not lucky enough, you could also end up losing your entire funds, and gamble only responsibly at all times no matter whatever the scenario be, while having how much is he/she willing to risk at all times.

Gambler lose more in chasing loses because they tend to stay on the same game.  Like in slots, the longer we stay on this game, the more frequent dead spin occurs.  So if chasing losses is triggered, the player tend to ignore that kind of observation and keep on gambling until they ran out of money.

The danger of chasing losses is the trigger factor where a gambler don't mind anything but to get a huge win and eventually recover his losses which often times don't happen.
Without chasing losses, gamblers will also lose more often because this is gambling where there is no certainty that can give you guarantee of winning, even when you change games you can't ansure win.
Of course, very few gamblers can accept defeat and all this is because gamblers have the wrong goal when they enter into gambling, firstly they think of making money and secondly they always want to get win that is always bigger than before.
And as much as possible use money that is truly acceptable when you lose, I said this very often.

I consider chasing losses to be the first step towards ruin because to chase losses every gambler will definitely deposit or use more money, whereas once they start betting the losses will never stop.
This kind of behavior must be thrown away from gamblers if they want to be able to enjoy the true happiness of gambling.
You're quite right; gambling is a game of chance with little chance of success. Although it's a bitter pill to swallow, this is the reality. Gamblers frequently enter with the incorrect mindset, believing they will win huge amounts of money and constantly seeking for greater wins. They get caught in the trap there. It's more about the excitement and entertainment than it is about making money. Indeed, you ought to spend funds that you are willing to risk. I will repeat what I say all the time: spend money that won't cause you to lose sleep if it disappears

The actual issue arises when one chases losses. It's an endless cycle. You lose, you increase your bets in an attempt to win back, and you almost always lose more. It leads directly to disaster. If gamblers hope to derive any pleasure from the game, they must abandon this behaviour. It's all about self-control, establishing boundaries, and honouring them. You shouldn't be gambling if you are unable to accomplish it.

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November 10, 2023, 08:03:14 AM
 #292

So many people are fond of gambling dangerously in their quest to reclaim already lost money in gambling and that I think is a result of lack of self control as well as inability to manage their emotions whenever they're losing.
For one to gamble on the first place, he must accept that there is every possiblity of either winning or losing and should be able to handle the emotional feelings that comes with both in other not to become a gambling addict. It's not wise gambling more and more when one is losing because at that moment, the person will not be strategic enough to know when to gamble how to gamble rather will be reckless with his gambling decisions because if his desire to reclaim his lost money
Another big problem for those that are chasing their losses is that the expectations they have from gambling are out of place, they believe that since they watched a few influencers making some money that they already know everything there is to know about gambling and they can begin to use casinos as their personal ATMs, a completely ridiculous notion, as if that was possible then casinos as a business will disappear as no business can sustain those losses for long.

Chasing of losses has been a major problem I think gamblers are facing because most of the addiction came as a result of chasing of losses to recover all they have lost, but in the process of doing so, they keep losing more and more as they continue to chase their losses.  Watching influencers play, gamble, and win is not the major point, though, because that is not convincing for one to rush to start gambling because they saw an advertisement of an influencer playing and winning. I see that as not convincing because it is a fake advertisement, so in that case, it might be a fake win to entice gamblers to playing with them and when they do, they start to tell stories and lots more.

Yes, I agree with what you said. Chasing losses is a big problem for them, because if they play with such principles or goals, there is little chance that the victory will be obtained to restore the losses they are chasing. Moreover, if they chase losses, it is not the victory that will be obtained but most likely the defeat that they will get, so they spend more money to chase the loss.

Apart from that, if they run out of capital they can just borrow here and there or online loans, which of course this will make things worse, and their lives will become unsettled because they are in debt here and there with a large amount. and not a few people have done this, those who have been deceived by advertisements that promise big wins do not realize because there are no bookies who will lose in gambling, if there is maybe the player is lucky sedan not good at gambling. So it's true what you said about the victories that only aim to attract players to go deeper into gambling until addiction occurs. 

Chasing loses can be detrimental to ones gambling lifestyle and should be properly  put under a check. As a responsible gambler, you should know when to call it a day, take a bow and leave the casino rather than chasing shadows of losses incurred as a result of not being principled enough to follow their own instructions for which they set up for themselves. Leaving a casino when you are done saves you the stress of looking for where to borrow in other to chase losses. It is best to do so because loans can put very detrimental to playing gamble because if you are not careful, you will lose out making you indebted.

Not only lifestyle but it will also harm their basic needs which they definitely need every day, because those who only think about chasing losses will certainly forget a lot of things just to chase losses that they think it can return even more than the money they have lost in gambling.

And chasing losses will definitely lose many other things such as, time, awareness, money that is certain and themselves as well who will certainly feel the loss of what they are working on, but the problem is they don't realize that by chasing the losses they mean, in my opinion it will only make them lose more money, and will also have a dangerous impact on other things. because chasing losses will involve many of the most important things. Because chasing losses will involve many things, most importantly money. But there are still many other things that will be affected by those who chase the loss.

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November 10, 2023, 08:47:09 AM
 #293

I consider chasing losses to be the first step towards ruin because to chase losses every gambler will definitely deposit or use more money, whereas once they start betting the losses will never stop.
This kind of behavior must be thrown away from gamblers if they want to be able to enjoy the true happiness of gambling.

There's no joy in chasing losses; it just reflects our inability to accept defeat and the desire to always come out on top. This approach doesn't involve logical thinking; it's solely based on emotional decisions, and I'd argue it's a flawed strategy unless you have an infinite amount of money.

Once you start chasing losses, your patience begins to wane, and patience is a crucial trait for maintaining discipline and safety in gambling.

That's right, I will also say the same thing as you said, there is absolutely no pleasure felt by the gambler when he chases defeat and what happens and what he feels on the contrary is that he chases defeat with full pressure in his mind, he always thinks how to make the defeat in the previous time can be replaced by victory and with that he must get a victory in the new gambling session. And also yes on the other hand honestly I would not say that they are responsible gamblers, because obviously with his behavior chasing defeat as you said it is enough to reflect that he cannot accept defeat in the previous time.

True, there was no logical thinking when he did and decided to chase defeat and certainly the decision came out of no consideration and was only based on emotions and lust. I'm not sure if this is a good idea or not, but I'm sure it's not, and I'm not sure if it's a good idea or not, but I'm not sure if it's a good idea or not, and I'm not sure if it's a good idea or not.

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November 10, 2023, 10:12:31 AM
 #294

I’m not a regular gambler nor an addicted gambler but I recently experienced a terrible chasing loss that start with small amount. I’m on a day off on my job right now due to my minor flu. My feeling got better while I don’t have things to do on my work dormitory so I decided to just gamble for fun only.

My game start by just betting minimum bet on a blackjack table with my initial deposit of 85$ which is my signature campaign earning last week. I lose my initial bank roll with just few bets on consistent losses. I decided to deposit again but this time with higher bankroll which is 250$. I bet twice the minimum bet this time since my bankroll is higher, the result is much terrible loss.

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.

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.
Just don't chase what you have lost. It's lost, gone, forget it. When you start to chase loses, that's the moment where your addiction starts kicking. There was a thread created in gambling discussion board with the following title: Do You Believe That Reading People's Bad Experience Will Help You. I am glad you posted image which I am not quoting right now but hope this post of yours will help others to keep in mind your experience and don't chase loses. Gambling is for fun, for making your life better, to enjoy it and not to make you poor out in the street.

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November 10, 2023, 10:55:16 AM
 #295

So many people are fond of gambling dangerously in their quest to reclaim already lost money in gambling and that I think is a result of lack of self control as well as inability to manage their emotions whenever they're losing.
For one to gamble on the first place, he must accept that there is every possiblity of either winning or losing and should be able to handle the emotional feelings that comes with both in other not to become a gambling addict. It's not wise gambling more and more when one is losing because at that moment, the person will not be strategic enough to know when to gamble how to gamble rather will be reckless with his gambling decisions because if his desire to reclaim his lost money
Another big problem for those that are chasing their losses is that the expectations they have from gambling are out of place, they believe that since they watched a few influencers making some money that they already know everything there is to know about gambling and they can begin to use casinos as their personal ATMs, a completely ridiculous notion, as if that was possible then casinos as a business will disappear as no business can sustain those losses for long.

Chasing of losses has been a major problem I think gamblers are facing because most of the addiction came as a result of chasing of losses to recover all they have lost, but in the process of doing so, they keep losing more and more as they continue to chase their losses.  Watching influencers play, gamble, and win is not the major point, though, because that is not convincing for one to rush to start gambling because they saw an advertisement of an influencer playing and winning. I see that as not convincing because it is a fake advertisement, so in that case, it might be a fake win to entice gamblers to playing with them and when they do, they start to tell stories and lots more.

Yes, I agree with what you said. Chasing losses is a big problem for them, because if they play with such principles or goals, there is little chance that the victory will be obtained to restore the losses they are chasing. Moreover, if they chase losses, it is not the victory that will be obtained but most likely the defeat that they will get, so they spend more money to chase the loss.

Apart from that, if they run out of capital they can just borrow here and there or online loans, which of course this will make things worse, and their lives will become unsettled because they are in debt here and there with a large amount. and not a few people have done this, those who have been deceived by advertisements that promise big wins do not realize because there are no bookies who will lose in gambling, if there is maybe the player is lucky sedan not good at gambling. So it's true what you said about the victories that only aim to attract players to go deeper into gambling until addiction occurs. 

Chasing loses can be detrimental to ones gambling lifestyle and should be properly  put under a check. As a responsible gambler, you should know when to call it a day, take a bow and leave the casino rather than chasing shadows of losses incurred as a result of not being principled enough to follow their own instructions for which they set up for themselves. Leaving a casino when you are done saves you the stress of looking for where to borrow in other to chase losses. It is best to do so because loans can put very detrimental to playing gamble because if you are not careful, you will lose out making you indebted.

Not only lifestyle but it will also harm their basic needs which they definitely need every day, because those who only think about chasing losses will certainly forget a lot of things just to chase losses that they think it can return even more than the money they have lost in gambling.

And chasing losses will definitely lose many other things such as, time, awareness, money that is certain and themselves as well who will certainly feel the loss of what they are working on, but the problem is they don't realize that by chasing the losses they mean, in my opinion it will only make them lose more money, and will also have a dangerous impact on other things. because chasing losses will involve many of the most important things. Because chasing losses will involve many things, most importantly money. But there are still many other things that will be affected by those who chase the loss.

This is not arguable. When entangled in such situations, there is every possibility of what you have said to be the reality because they would begin to spend much time at the casino wanting to recover all they have lost and in that case they would forget about every other engagements and activities which requires them their audience for those gamblers who can not exercise self-restraint and discipline. This makes the loose focus and start spending much time at casinos which in the real sense they would be it have done. This sometimes results to family negligence and they start having issues with their families as a result of their addiction to gambling which is very bad .

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November 10, 2023, 12:27:46 PM
 #296

I consider chasing losses to be the first step towards ruin because to chase losses every gambler will definitely deposit or use more money, whereas once they start betting the losses will never stop.
This kind of behavior must be thrown away from gamblers if they want to be able to enjoy the true happiness of gambling.

There's no joy in chasing losses; it just reflects our inability to accept defeat and the desire to always come out on top. This approach doesn't involve logical thinking; it's solely based on emotional decisions, and I'd argue it's a flawed strategy unless you have an infinite amount of money.

Once you start chasing losses, your patience begins to wane, and patience is a crucial trait for maintaining discipline and safety in gambling.

That's right, I will also say the same thing as you said, there is absolutely no pleasure felt by the gambler when he chases defeat and what happens and what he feels on the contrary is that he chases defeat with full pressure in his mind, he always thinks how to make the defeat in the previous time can be replaced by victory and with that he must get a victory in the new gambling session. And also yes on the other hand honestly I would not say that they are responsible gamblers, because obviously with his behavior chasing defeat as you said it is enough to reflect that he cannot accept defeat in the previous time.

True, there was no logical thinking when he did and decided to chase defeat and certainly the decision came out of no consideration and was only based on emotions and lust. I'm not sure if this is a good idea or not, but I'm sure it's not, and I'm not sure if it's a good idea or not, but I'm not sure if it's a good idea or not, and I'm not sure if it's a good idea or not.
The mind of a gambler chasing losses is somewhat mad. This cycle is emotional rather than logical, with victory becoming an obsession. In this situation, the gambler wants redemption, a dangerous path where want over reason.

This obsession frequently covers a deeper issue - the unwillingness to accept defeat - which might be a sign of a greater struggle with acceptance and control in life. Gambling becomes a frantic attempt to validate and reverse fortunes.

The actual gambler's paradox is the perception of control in an uncontrollable circumstance, not gambling. The mental gymnastics of strategizing victory from a random event is fascinating. It causes issues: Can control be attained in a world governed by randomness? Or is this just a comforting illusion to justify continued indulgence? Thus, the gambler's dilemma is about control and the pursuit of victory, not just winning or losing.

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November 10, 2023, 03:14:39 PM
 #297

I consider chasing losses to be the first step towards ruin because to chase losses every gambler will definitely deposit or use more money, whereas once they start betting the losses will never stop.
This kind of behavior must be thrown away from gamblers if they want to be able to enjoy the true happiness of gambling.

There's no joy in chasing losses; it just reflects our inability to accept defeat and the desire to always come out on top. This approach doesn't involve logical thinking; it's solely based on emotional decisions, and I'd argue it's a flawed strategy unless you have an infinite amount of money.

Once you start chasing losses, your patience begins to wane, and patience is a crucial trait for maintaining discipline and safety in gambling.
When a gambler experiences loss, especially if it is a losing streak, they will be emotionally triggered so this will make them try to recover from their losses. They can easily deposit another amount of money into their gambling account to continue gambling even though that will not guarantee they can win. They know this but still do it by trying to gamble more than before so that slowly, the money they deposit will start to decrease and will eventually run out without them realizing it.

Many can't stop after experiencing another loss as a result of continuing to gamble, but that doesn't stop them from immediately quitting gambling. They still choose to deposit more money and some gamblers will increase the bet amount because, according to them, it will be a big win if they win. But again, they lost and the money ran out.

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November 10, 2023, 03:24:03 PM
 #298

Chasing of losses has been a major problem I think gamblers are facing because most of the addiction came as a result of chasing of losses to recover all they have lost, but in the process of doing so, they keep losing more and more as they continue to chase their losses.  Watching influencers play, gamble, and win is not the major point, though, because that is not convincing for one to rush to start gambling because they saw an advertisement of an influencer playing and winning. I see that as not convincing because it is a fake advertisement, so in that case, it might be a fake win to entice gamblers to playing with them and when they do, they start to tell stories and lots more.
that's why we have to be smarter in assessing things, advertisements definitely promote what they advertise with the promise of big profits, of course to attract the interest of users, which in reality the advertisement does not match the facts.

Chasing losses will only make us increasingly out of control and will most likely become addicts. If we have experienced this it will be difficult for us to stop because all we have in mind is the ambition to win at gambling, therefore according to the title of this thread "chasing losses it's a dangerous thing"

Agree with you, we have to be smart in choosing and understanding what the aims and objectives of advertising are so that we don't easily believe and don't easily take promotions that have been advertised, because in fact most of the promotions that are advertised do not match the facts stated or promised.
It is true that by chasing victory or chasing defeat in gambling, a person will not be able to control his gambling because he really wants his hopes and desires to be fulfilled, if they are not fulfilled then he will become more brutal in gambling, even to the point of being said to be an addict, so what is true? what you said. If you have become an addict, it is very difficult to stop this behavior and can even last for quite a long time.

Obviously, what we see as advert by influencers are not what they are in the reality. They are sometimes the opposite of what we think they are after going through the process and having the experience. Most times these influencers are just after their pockets and nothing much even the adverts they do on social media through their handles are fake sometimes. All these are just to get t their fan base and followership while marketing their affiliate products. And their fans who got no idea of the gimmicks just rush in and begin to d OP things and get carried away without verification and confirmation. Some of them ends up losing funds while some at the end become addicted to it whatever the case maybe. Addiction is not intentional but conventional.

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Doan9269
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November 10, 2023, 03:39:26 PM
 #299

Trust me no one chases after lost that wouldn't grabs the air, we are gambling not because we cannot afford to loose the money used in gambling, we are doing so because we see ourselves in that position capable enough to afford the use of money in gambling which we can afford to loose, most of the people who do this were probably regretting for their loss because of the conditions behind the money used for the bet or some other reasons beyond public explanation and they wanted to recover.
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November 10, 2023, 03:42:26 PM
 #300

Many can't stop after experiencing another loss as a result of continuing to gamble, but that doesn't stop them from immediately quitting gambling. They still choose to deposit more money and some gamblers will increase the bet amount because, according to them, it will be a big win if they win. But again, they lost and the money ran out.
Yes, it's almost the same as what OP did, but as we can see that OP managed to recover his losses and it must be remembered that OP's success was only a small part, not everyone can do that and be lucky to recover their losses, it is very risky to do what he did. OP did, he talked about his success but it would be a different story if he talked about his failure, it would be an important lesson for the OP too and his fellow gamblers on this forum.

I'm sure everyone must have heard OP's story thinking that it could be done successfully but it's clearly very wrong and there's a high risk of increasing the bet amount just to return the loss, that's clearly not justified, I also always remind myself when playing has reached the budget and lost, I I will leave the game without having to catch up on the losses I experienced because I gamble not prioritizing money but pleasure.

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