Dangerous chasing losses

[redsun114]

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.

The reason why a person loses more while chasing losses isn't that they stay in the same game, but the main reason for it is that the gambler starts increasing the bet amount almost by 2x after every loss, we call it the martingale strategy, and a healthy loss streak with this strategy will take only a short while to empty the bankroll of the gambler because the bet amount is doubling after each loss and that when continued for more than 10 bets will reach a pretty high amount.

So, the danger of chasing losses is in doubling the base bet which is a recipe for disaster a lot of gamblers don't understand because they might have done it successfully once or maybe twice but they haven't yet experienced a deadly loss streak that sometimes can even go above 20 consecutive losing bets which is disastrous.

[1714863718]

1714863718

[Fredomago]

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.

Not everyone can duplicate what the outcome did OP experienced, and it's safe to say that most of the time, the outcome turned to the other side,  instead of recovering and enjoying with small winnings,  the gambler who chased their loses add the money they replenished to another amount that they've loss.

It's going to be that way since when you are trying to recover, there's already aggression that you feel inside you.  Which can lead you to bet big to recover quickly, but most likely you will lose again.

[Westinhome]

The reason why a person loses more while chasing losses isn't that they stay in the same game, but the main reason for it is that the gambler starts increasing the bet amount almost by 2x after every loss, we call it the martingale strategy, and a healthy loss streak with this strategy will take only a short while to empty the bankroll of the gambler because the bet amount is doubling after each loss and that when continued for more than 10 bets will reach a pretty high amount.

So, the danger of chasing losses is in doubling the base bet which is a recipe for disaster a lot of gamblers don't understand because they might have done it successfully once or maybe twice but they haven't yet experienced a deadly loss streak that sometimes can even go above 20 consecutive losing bets which is disastrous.

The gambler use the full money many times in the same game after the big loss in the gambling.If the gambler had loss the game in the gambling site,he should try the other game on their next bet.The gambler should do the other game and find the best game which is used by them to make the biggest win using the gambling sites.Some gambler still try the same game many time till he chase the full money loss in that game.But we can’t manage to regain the loss from the same game.Only few people achieve the loss management using the same game,which he had loss the more dollars in the recent past of the gambling site.

[Oilacris]

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.

Not everyone can duplicate what the outcome did OP experienced, and it's safe to say that most of the time, the outcome turned to the other side,  instead of recovering and enjoying with small winnings,  the gambler who chased their loses add the money they replenished to another amount that they've loss.

It's going to be that way since when you are trying to recover, there's already aggression that you feel inside you.  Which can lead you to bet big to recover quickly, but most likely you will lose again.

Aggression would really be there and it would really be just that so normal that on the time that you would really be losing up your money or entire bankroll on a particular session then this is where
these emotions would come out on which it would really be that normally be giving out that kind of idea that it isnt really that too far off on trying out to break even those losses on which means
that chances that you would really be making out such deposit would really be likely and it would continue until you have lose on everything on that particular session. People wont stop
not unless if  they do have that nothing left into their pocket or account. As long they do know or have in mind that they could still be able to play since they do still have
balance then they would really be doing it no matter what.

[Nerdy doctor]

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.

I would say anyone who has regrets after gambling and losing, then gamble some more in hopes of winning some money to take back home with after draining the money available with you at the moment, are people who use money saved up and budgeted for something else.
There is no regret if you are fully aware of the risks involved and money used whenever gambling is money that has been set aside for that particular purpose.

[Oasisman]

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.

There is no regret if you are fully aware of the risks involved and money used whenever gambling is money that has been set aside for that particular purpose.

You can't be so sure about that. I've seen several gamblers who just had an automatic regrets when they have this hesitation on how they are going to place their bets. Of course when the outcome didn't come their way or the winning bet was their original plan or it was the 2nd option, then regrets are inevitable in such case.
I personally experienced it a lot of times before. Though I am totally aware of the risks involve, but sometimes we just hope to win some not the other way around.

[zuzie]

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.

Yes, because influencers are paid by a company so they will happily work to earn money even if their work is untrue or fraudulent. And this is what happens if the influencer is someone who is already known to the public, so that the public will be interested in the advertisement, so that we as ordinary people of course must always be careful, so as not to get trapped. in advertising it is not necessarily certain or true. By remaining alert and understanding every intent and advertisement, even though it is a bit difficult to try, I think it is the right step.

[khiholangkang]

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.

There is no regret if you are fully aware of the risks involved and money used whenever gambling is money that has been set aside for that particular purpose.

You can't be so sure about that. I've seen several gamblers who just had an automatic regrets when they have this hesitation on how they are going to place their bets. Of course when the outcome didn't come their way or the winning bet was their original plan or it was the 2nd option, then regrets are inevitable in such case.
I personally experienced it a lot of times before. Though I am totally aware of the risks involve, but sometimes we just hope to win some not the other way around.

Regretna is the facility that we will get from gambling, whether it's because of the wrong intention at the beginning of gambling, or choosing the wrong decision and or other things that make you regret, sometimes when you use small bet then you get a victory, for myself me Feeling sorry why not using a bigger bet to get a bigger win before, including doubt before making a decision.

But indeed my biggest regret during gambling is because of the chase of defeat, as if I wanted to get back the money I had previously spent, and made me impulsive in gambling.

[Mate2237]

Lolz, chasing lose has not been favourable to gamblers and finally result is always a bitter. You would have stopped at the first loss but you believed that you would win you first loss and you loss out till 3x. It is a lesson to you now. And one thing I see from the Op narrative is greedy. Why I am saying in the sense that when he as loss the first game, he would have reduced the amount but instead he increase it to recover the first loss and the same thing repeat itself again in the third game again. And that becomes an addictional mindset.

To decline from gambling is from the mind and if you can control it then it is settled. Lolz. I stopped gambling last month when I lost $50 to casino here and I will continue when the mind is settled and prepare to play again.

[ethereumhunter]

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.

Yes, he was lucky to recover his losses but if he looks at his gambling records, he may still have losses but he should not try to recover his other losses because it will not be easy. The risk will certainly be greater than they imagine so the possibility of experiencing loss will be there. If they can really avoid it, they will not experience a bigger loss. Very few people can actually recover their losses because this is gambling, where we will find it difficult to recover the losses.

If they have experienced a loss and want to recover their losses, they must remember that there is a possibility of experiencing another loss and never increase the value of the bet because it can cause large losses in one round. They should keep using the same betting value for some time and immediately stop gambling if the result continues to be the same loss.

[Mr. Magkaisa]

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.

Yes, because influencers are paid by a company so they will happily work to earn money even if their work is untrue or fraudulent. And this is what happens if the influencer is someone who is already known to the public, so that the public will be interested in the advertisement, so that we as ordinary people of course must always be careful, so as not to get trapped. in advertising it is not necessarily certain or true. By remaining alert and understanding every intent and advertisement, even though it is a bit difficult to try, I think it is the right step.

      -   That's the only advantage with well-known influencers who have a large number of followers, because even if only 1/4 of his followers join him in his promoted gambling casino, apart from this paid-for advertisement, it has an additional bonus commission. get from his followers to sign up and also enter money in the casino platform that he campaigned on.

So often, the unfortunate ones in the end are those of us who are unpopular on social media platforms. So, you are right that the only solution is to be careful so that we are not fooled by other lying social media influencers.

[Litzki1990]

Such a series of losses must be very bad for you. Many people cannot accept consistent losses like you have given. But you should be glad that you didn't bet too much money because of which you lost a small amount of money on each bet. As you mentioned at the beginning you are not a professional gambler or a gambler with a lot of experience, maybe you have such a series of losses from the early part of gambling. I think you should learn from the series of losses you've had towards the end. You should get an idea of what caused the loss and where you should have adopted a different strategy from the previous loss. If you can find and work on the causes of the previous losses, then you will not face such a series of losses later on.

[zuzie]

      -   That's the only advantage with well-known influencers who have a large number of followers, because even if only 1/4 of his followers join him in his promoted gambling casino, apart from this paid-for advertisement, it has an additional bonus commission. get from his followers to sign up and also enter money in the casino platform that he campaigned on.

So often, the unfortunate ones in the end are those of us who are unpopular on social media platforms. So, you are right that the only solution is to be careful so that we are not fooled by other lying social media influencers.

That's right, the advantage for influencers is to make a lot of money by lying to the public, by promoting casino advertisements so that people are interested in following the advertisements, yes, this has happened a lot and many people have even participated. advertised promotion, I don't know what happened. In the minds of the people at that time, maybe they thought that if they participated in casino promotions then their lives would be as lucky as the lives of influencers, but in reality NO, because it was just a hoax or deception. .

And if people have already followed the promotion, it would be better to immediately abandon it or stop it, because there is no point in wasting time and money that we are not sure we will get.

[junder]

      -   That's the only advantage with well-known influencers who have a large number of followers, because even if only 1/4 of his followers join him in his promoted gambling casino, apart from this paid-for advertisement, it has an additional bonus commission. get from his followers to sign up and also enter money in the casino platform that he campaigned on.

So often, the unfortunate ones in the end are those of us who are unpopular on social media platforms. So, you are right that the only solution is to be careful so that we are not fooled by other lying social media influencers.

That's right, the advantage for influencers is to make a lot of money by lying to the public, by promoting casino advertisements so that people are interested in following the advertisements, yes, this has happened a lot and many people have even participated. advertised promotion, I don't know what happened. In the minds of the people at that time, maybe they thought that if they participated in casino promotions then their lives would be as lucky as the lives of influencers, but in reality NO, because it was just a hoax or deception. .

And if people have already followed the promotion, it would be better to immediately abandon it or stop it, because there is no point in wasting time and money that we are not sure we will get.

Yes, it is a fact, only many people misinterpret it so that they make gambling their main income and become crazy about gambling. It is a fact that offline or online casinos are created to make money for the company not to distribute money to everyone who gambles, but there are also some who are profitable and successful from gambling that too with luck on their side not with tricks or patterns.

They make advertisements on the internet only for the needs of their casino network so that more people know and play in their casinos or in online gambling. In my opinion, there is nothing wrong with this, but what is wrong is that there are people who play in casinos who do not have self-control so that they become addicted. If they can control themselves while playing, maybe it will minimize the harmful effects of gambling.

[Suzume]

Chasing losses in Gambler is very dangerous if you are not in economical sense recover losses. The addiction of recover losses you don't noticed how much capital you have risk to recover the loss. That remain reason chasing losses is dangerous because if you set to recover loss and say that how much capital I have to put in it to recover my loss that mean you are foolish person. Because over gambling makes addiction because of addiction you gamble over and over gambling causes losses. That's why if you face loss stop gambling for the time start after taking some rest it will be more effective and helpful for recover your losses.

[Kelward]

Chasing loses in gambling is the worst form of it's addiction, because the gambler will be desperate to get back to winnings to recover loses, if that doesn't happen depression can set in big time. This is when the person becomes a degenerate gambler, which is the worst form of addiction. Anybody that is engaging in gambling must try to avoid this harmful habit, because at the end if the day, the gambler will likely  go broke, even to the extent of borrowing money in the hope to win back loses. The most dangerous thing in this types of scenario is that it can affect the gambler's mental health.

I'm happy in the case of the OP because he was able to read the handwriting on the wall to understand that continue playing can not guarantee winnings to recover his loses. Gambling is based on luck, anything can happen, either to win or loss . So it's best to have a budget before gambling, so if that budget gets exhausted in loses, best to call it a day and live to gamble another day.

[nara1892]

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.

Yes for normal people the thought is very absurd and out of what should be done, they are a bit crazy because they carry a mindset and beliefs that are clearly contrary to the facts that the actual concept of gambling. Basically it is very difficult for them to be able to get a win or even just to recover losses. That is why we must be responsible gamblers by always putting money that is ready to be lost so that there is no need or thought to chase losses.

If they put too much obsession and ambition on their gambling then obviously it will only worsen the situation, instead of getting a recovery from the money that has been lost but the opposite happens, the amount of loss is even greater. On the other hand, you should not think that chasing defeat is a struggle to achieve results that match your expectations, because in gambling there is absolutely no guarantee and still for the final result always depends on how lucky you are at that time.

It is very unreasonable if they put their hopes on something that always runs randomly for the results, self-control will always be at war with the temptations and opportunities that you are there, in my opinion that is what makes them end up in a dilemma and confused to choose which one, and because the temptation in gambling is very strong it makes them finally forget self-control and continue to pursue victory because of the temptation that seems tempting when it is nothing more than a trap.

[adultcrypto]

Lolz, chasing lose has not been favourable to gamblers and finally result is always a bitter. You would have stopped at the first loss but you believed that you would win you first loss and you loss out till 3x. It is a lesson to you now. And one thing I see from the Op narrative is greedy. Why I am saying in the sense that when he as loss the first game, he would have reduced the amount but instead he increase it to recover the first loss and the same thing repeat itself again in the third game again. And that becomes an addictional mindset.

To decline from gambling is from the mind and if you can control it then it is settled. Lolz. I stopped gambling last month when I lost $50 to casino here and I will continue when the mind is settled and prepare to play again.

You are right Mate. I have done this a lot and not once has it favoured me, I end up loosing more amidst great pain and regrets. I have managed to work out a way of ensuring I don't chase losses with the saying "he who fights and run away, lives to fight another day". If I loose some bets, I accept my losses and prepare to come back stronger and better. I check the mistakes I made if any and try to improve on my selection. It is not a must to win a particular bet, and if that bet did not work, sit back and come back when your luck might have improved. Let's not forget that luck still play important role in gambling.

[maydna]

Chasing losses in Gambler is very dangerous if you are not in economical sense recover losses. The addiction of recover losses you don't noticed how much capital you have risk to recover the loss. That remain reason chasing losses is dangerous because if you set to recover loss and say that how much capital I have to put in it to recover my loss that mean you are foolish person. Because over gambling makes addiction because of addiction you gamble over and over gambling causes losses. That's why if you face loss stop gambling for the time start after taking some rest it will be more effective and helpful for recover your losses.

Recovering losses in gambling is never recommended because it will only increase the number of losses even greater. We will also face other problems where we can become addicted to gambling and will not realize that we have experienced it when we gamble more often. Apart from that, the money you spend on gambling can increase, so that is what makes many people experience chaos in their finances because they do not control themselves or limit themselves in using money for gambling. And yes, if we have experienced loss, we should stop gambling and rest because at that time, our emotions will increase, and all that is on our minds is the desire to recover from that loss. But by resting, we can lower our emotions so that we can think clearly and not think about trying to recover from loss.

[Dewi Aries]

Lolz, chasing lose has not been favourable to gamblers and finally result is always a bitter. You would have stopped at the first loss but you believed that you would win you first loss and you loss out till 3x. It is a lesson to you now. And one thing I see from the Op narrative is greedy. Why I am saying in the sense that when he as loss the first game, he would have reduced the amount but instead he increase it to recover the first loss and the same thing repeat itself again in the third game again. And that becomes an addictional mindset.

To decline from gambling is from the mind and if you can control it then it is settled. Lolz. I stopped gambling last month when I lost $50 to casino here and I will continue when the mind is settled and prepare to play again.

You are right Mate. I have done this a lot and not once has it favoured me, I end up loosing more amidst great pain and regrets. I have managed to work out a way of ensuring I don't chase losses with the saying "he who fights and run away, lives to fight another day". If I loose some bets, I accept my losses and prepare to come back stronger and better. I check the mistakes I made if any and try to improve on my selection. It is not a must to win a particular bet, and if that bet did not work, sit back and come back when your luck might have improved. Let's not forget that luck still play important role in gambling.

It's hard to give advice to someone whose mindset is so disturbed by addiction, and it seems like you are one of those people who have proven it yourself that indeed when you feel that the final result is always disappointing even though you have done everything like chasing defeat, when you feel it then it's good because indirectly you can confirm that indeed some of the advice from others who say that it is not profitable at all then you will just believe the statement. If we think logically with the actual concept that exists in gambling then clearly chasing defeat makes absolutely no sense and is not recommended, none other than because there is absolutely no guarantee for anyone to be able to recover the defeat in the previous time and also because on the other hand for the problem of the final result always depends on how lucky you are at that time.

You will realize when you feel the real impact that the method is really not effective to do and will only make things worse. So what's better is that there's no other way but to be a responsible gambler by accepting whatever the final result (loss) is, it's better in every way, you won't be depressed because you only put a small amount and without putting any expectations there.