Dont chase your loss

[bettercrypto]

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

The fact is, it's not just chasing the losses, but also, chasing the winning. Most gamblers already experience the feeling of winning big and that fuels them to gamble more. Because of that winning experience, they want to experience that again and again. Who doesn't want to feel that experience repeatedly?

While chasing that winning experience, they didn't realize how much money they were risking already and losing in the process. And the next thing that will happen to them is already obvious to us. Some might get luck and still hit that big win but in the end, the same losing result will happen later on.

You're right there; the more we want to win, the more we don't realize that we're becoming greedy without even noticing. Of course, when we think or want to win, we don't even notice that we are losing an amount that is getting bigger and bigger without us even noticing, right?

So it should be those two things that gamblers in this field of cryptocurrency should not do. It's still better to gamble just because our intention is to have fun, and if we win, it's because we have the luck that comes with playing in a casino, right?

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[qwertyup23]

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

I call this the "cycle of gambling" where a gambler is stuck on this scenario of winning and losing.

Based on this cycle, a gambler would most likely gamble again regardless of whether he wins or losses. The initial reaction of a person whenever they lost in gambling is to recover the said losses by gambling again. Similarly, a gambler would most likely gamble again if he wins just to try out his luck if he could go and continue his winning streak.

I do agree that whenever a gambler chases their wins/losses, this would lead them to a position where they are stuck in this cycle. In order to really recover from this, it is essential that they change their perception about gambling and their goal. Rather than seeing this as a way for extra income, one must see this primarily as a way of entertainment.

[summonerrk]

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

I call this the "cycle of gambling" where a gambler is stuck on this scenario of winning and losing.

Based on this cycle, a gambler would most likely gamble again regardless of whether he wins or losses. The initial reaction of a person whenever they lost in gambling is to recover the said losses by gambling again. Similarly, a gambler would most likely gamble again if he wins just to try out his luck if he could go and continue his winning streak.

I do agree that whenever a gambler chases their wins/losses, this would lead them to a position where they are stuck in this cycle. In order to really recover from this, it is essential that they change their perception about gambling and their goal. Rather than seeing this as a way for extra income, one must see this primarily as a way of entertainment.

Yeah, totally get what you're saying about not chasing your losses in gambling. It's like this never-ending loopp.

You win, you lose, and then you feel like you got a win it back. But man, that just keeps you stuck in that cycle, and it's very important to control this situation. Instead of focusing on making money, maybe we should see gambling more as a fun way to pass the time. It's hard of course. It's all about changing our mindset and not getting caught up in that whole "gotta win it back" mentality. Only family and a strong character can make gambler feel free again.

[danherbias07]

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

I call this the "cycle of gambling" where a gambler is stuck on this scenario of winning and losing.

Based on this cycle, a gambler would most likely gamble again regardless of whether he wins or losses. The initial reaction of a person whenever they lost in gambling is to recover the said losses by gambling again. Similarly, a gambler would most likely gamble again if he wins just to try out his luck if he could go and continue his winning streak.

I do agree that whenever a gambler chases their wins/losses, this would lead them to a position where they are stuck in this cycle. In order to really recover from this, it is essential that they change their perception about gambling and their goal. Rather than seeing this as a way for extra income, one must see this primarily as a way of entertainment.

Nice! I may call that the same from now on.  

It's true and I agree with you, it's a never-ending game. We play, we win, we lose, and we keep on playing. Another reason why many gamblers are easily addicted to it.
Looking for revenge had always been a bad idea, either in life or in gambling. Many gamblers cannot stop because they think their next bet might be the lucky one to change their life or a new start of capital to gamble more.
We have different reasons why we chase our losses, a part of it is also because of our pride and ego. We don't want to end the game as a loser, we want to at least smile a bit at the end of the road and somehow tell ourselves that we defeated the house.
This kind of mentality is why we cannot just end it, we cannot withdraw, and we cannot enjoy our profits when we win a decent amount. We want bigger things and the satisfaction level is not high enough to tell ourselves "We are done."

[Ever-young]

I don't think it's easy not to chase our losses as gamblers because when someone isn't in the right frame of mind, they're more inclined to make rash judgments that contradict their better judgment. Although it can result in higher losses and emotional pain, causing them significant harm in their lives, if they find themselves in that situation, it is critical that they take a step back and rethink their plans to determine whether or not they want to proceed.  However, deciding not to chase our losses is not easy.

[zuzie]

I don't think it's easy not to chase our losses as gamblers because when someone isn't in the right frame of mind, they're more inclined to make rash judgments that contradict their better judgment. Although it can result in higher losses and emotional pain, causing them significant harm in their lives, if they find themselves in that situation, it is critical that they take a step back and rethink their plans to determine whether or not they want to proceed.  However, deciding not to chase our losses is not easy.

It is true, the majority of gamblers chase losses to get back their money and often we find that these gamblers will often lose more than they gain because of their very wrong way of thinking and acting. He shouldn't do things like that because all he has to do is waste time and money pursuing desires that he himself is not sure he will achieve.
Yes, just thinking about stopping is the right step, but most gamblers can't do it because of their strong desire to win.

[Lannakosa]

It is rather a psychological factor, that makes you nervous, and as a result leads to many mistakes. You need to be prepared for losses from the very beginning, but this is difficult to understand before you start dealing with gambling (or as I like to compare it with trading).

To understand this you need to have experience, but you won't be able to get it until you start playing. The success of each player will depend on the result of many bets, some of them will be winning, some will be losing, and the final result will determine whether there will be a profit or a loss. So trying to win back after every loss is a bad idea, and will only lead to further losses.

[uneng]

However ignorance is a bad deases for those will not take advantage of what is being shared here .

Indeed. The people who should be reading these posts are probably not going to access it. Even though we promote casinos here through our signature campaigns on this forum, I believe we do this in an ethical way, since we explain the pros and cons of the industry and how to take part of it in a responsible and healthy way, never leading gamblers to the mistake of believing gambling is a source of extra income, side hustle or a method to get rich fast. So I guess we bring awareness to the discussions.

On the other hand, social influencers, who are also promoters of virtual casinos, do their marketing and propaganda in a dubious or malefic way, since they use their influence and charisma to dive gamblers and potential gamblers into the depths of that ignorance you mentioned. They aren't concerned about giving proper hints and advices to gamblers, that is, directing them into a gambling routine which won't impact their finances negatively. Rather, their goal is to give false and wrong perspectives of gambling activity, as something highly profitable on short run, where the risks are put aside, to focus only on the bright side of potential winnings.

Of course they aren't breaking any rules by promoting gambling that way, however, I think it's unethical because they are taking advantage of the ignorance of the public, or from a diminished discernment cognitive capacity part of that public has.

[reagansimms]

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

That's why don't gamble with your emotions. You must be able to control your emotions when gambling because if not, it will be the destruction of your life. I see many gamblers who think about increasing their bets because they think that if they have already lost then of course they will have the next moment to win. He will continue to raise the bet because he wants to capture that winning moment. I think that's a stupid idea because gambling is luck and you can't measure your probability of winning that way.

Betting with emotions can trigger a feeling of disappointment, despair and lead to depression due to hope to win in gambling is not fulfilled. Usually people who cannot control emotions due to unable to accept defeat when gambling will always be trapped in a circle of victory feelings will immediately approach him. The thought of raising bets will make things worse because it will be difficult to control finances in gambling, the hope of wanting to take back the money that has been spent will actually make the situation worse due to the constant defeat.

[Coin_trader]

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

Playing with goal of recovering your losses will impair your critical thinking for properly manage your bankroll. You will always tempted to bet huge amount just to recover quickly until you bust your bankroll. Remember that gambling is made for entertainment and not for financial gain. It’s important that you are gambling without chasing any amount that will lead you to take unnecessary big bets to meet the goal.

I always think that all my losses in the past is just my payment for the game I played that time which provides me entertainment. There’s no way for us to beat the house through gambling regularly on luck based game. So we should just gamble to enjoy and have fun with temporary profit, suck it if you lose your money because that’s the most possible outcome in gambling.

Always gamble money that you can afford to lose to avoid unnecessary problem such as addiction because most the addiction starts on a simple chasing losses.

[Zigabel]

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

Gambling all the time is actually an unhealthy practice and definitely is going to make you not get the best out of gambling because you will not be able to think we'll and make the best picks because you are mostly in a haste to place bets, you could actually skip some days and stay away from gambling for the day, that way it will help you to come back in a better and right shape of mind to gamble and possibly make good profits and not just the fun of gambling, if you gamble only when necessary, probably follow a routine for gambling, you will see that you make better decisions than you would do when you gamble everyday.


Only a few gamblers are sometimes able to gamble right and still keep to their routine of not gambling everyday because you don't get to see the best game you can gamble on everyday rather you only see this happening a few times probably randomly within the week you could find games and see them as potential opportunities and explore them.

[YOSHIE]

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this

That's the point, we always control ourselves in every time we enter the world of gambling, we have to understand that the risk of gambling for users is winning and losing, where when that bad day comes to us, we have to be aware that chasing victory is not a good idea to do.

I've felt this way, three times I deposited and all ended up losing, I realized the more I chased. The more I lose, the more there is no point in chasing victory. In fact, we still lose.

I agree that gambling is necessary, there is no need to do bad things such as chasing wins that will result in losses in every game, gamble with a cool head and don't prioritize emotions.

[Blitzboy]

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

Playing with goal of recovering your losses will impair your critical thinking for properly manage your bankroll. You will always tempted to bet huge amount just to recover quickly until you bust your bankroll. Remember that gambling is made for entertainment and not for financial gain. It’s important that you are gambling without chasing any amount that will lead you to take unnecessary big bets to meet the goal.

I always think that all my losses in the past is just my payment for the game I played that time which provides me entertainment. There’s no way for us to beat the house through gambling regularly on luck based game. So we should just gamble to enjoy and have fun with temporary profit, suck it if you lose your money because that’s the most possible outcome in gambling.

Always gamble money that you can afford to lose to avoid unnecessary problem such as addiction because most the addiction starts on a simple chasing losses.

Gambling is tricky, and the house always wins. Your idea of paying for entertainment with viewing losses is brilliant. Cost of conducting business in casinos. But remember, this is for fun, not to fund your next big purchase.

Many fail because chasing losses is a steep slope. Big bets and "strategic" movements wont beat the system. A fool's quest. I've seen folks assume they can beat the house with willpower and luck. Not happening.

Simply gamble with what you can part with. As with high-risk stocks, dont invest more than you can afford to lose. Its not just about money for people who fall; its about admitting the problem and getting assistance. Real power comes from knowing and managing your limits.

[Wakate]

I don't think it's easy not to chase our losses as gamblers because when someone isn't in the right frame of mind, they're more inclined to make rash judgments that contradict their better judgment. Although it can result in higher losses and emotional pain, causing them significant harm in their lives, if they find themselves in that situation, it is critical that they take a step back and rethink their plans to determine whether or not they want to proceed.  However, deciding not to chase our losses is not easy.

You are very right and it is always difficult for us to stop chasing loses because that may be the only way we could get more money or try to recover our loses. There are people that are too desperate and they always want to make money and have a good lifestyle. It is very hard for us to recover our loses if we don't have a strategy to do so. Life is becoming very hard these days and losing some funds in betting can be very annoying and with lots of bad energy to get over with time. If we want to make money from gambling without too much risks, we need to gamble with what we can afford.

[lizarder]

Every gambler should realize a fairly simple truth - gambling does not guarantee winning, and the probability that you will lose money is higher than the probability that you will win. Gambling in essence is no different from other entertainment that requires you to spend money, so if you have problems with the budget, you better look for free entertainment. Of course, they will not bring as much fun as high-risk entertainment, but will definitely keep you from financial loss.  

It doesn't matter when people want to gamble responsibly and they can allocate money correctly for their gambling needs for fun. If they realize that gambling is not a place to make money all the time then their presence in gambling is definitely just for entertainment or just for fun. Most people who are involved in gambling actually have problems with finances, whether it's by chance or it's a common occurrence. However, when they have financial problems, engaging in gambling is not the right solution and actually adds to the problem.

I agree, when you can't do it anymore and you don't have money to gamble, just simply stop. There's no other solution with that and don't push yourself hardly with it because not all problems needed to be solved but you need to alter your course and must do something about it. Like this, even if you still have money to gamble but all the results aren't going according to what you think, it's the best idea that you just stop and gamble some other day again for your mind to get relaxed and you'll have a fresh day to start again.

Responsible gambling will probably be able to control to stop gambling when we experience defeat. But for those who are addicted to losing it makes it increasingly difficult to stop unless the money in the account runs out if they gamble on online sites. There is no need to force yourself to gamble excessively because it will have a psychological impact and gamble when you have a budget and stop when you lose. Gambling is not a place to make money regularly and if people think of gambling as a place to make money then that will be problematic and what is feared is that they will experience psychological problems.

[Frankolala]

I don't think it's easy not to chase our losses as gamblers because when someone isn't in the right frame of mind, they're more inclined to make rash judgments that contradict their better judgment. Although it can result in higher losses and emotional pain, causing them significant harm in their lives, if they find themselves in that situation, it is critical that they take a step back and rethink their plans to determine whether or not they want to proceed.  However, deciding not to chase our losses is not easy.

You are very right and it is always difficult for us to stop chasing loses because that may be the only way we could get more money or try to recover our loses. There are people that are too desperate and they always want to make money and have a good lifestyle. It is very hard for us to recover our loses if we don't have a strategy to do so . Life is becoming very hard these days and losing some funds in betting can be very annoying and with lots of bad energy to get over with time. If we want to make money from gambling without too much risks, we need to gamble with what we can afford.

There is no strategy that any gambler can use to chase his loss, and recover it, instead he will get more losses. This is why the advice is never to chase your losses because the house edge always win.

We should not gamble because we want to make profit, gambling is not for that but for you to have fun with it and this is why, the best way to enjoy gambling is to bet with the amount that you can afford to lose. So that why playing it, you take it that you are using the money for your stake to pay for the game. If you win fine, and if you don't win, it wouldn't be a problem to you.

It is when you are gambling for profit, that you will be tempted to stake with a big amount, so that you can win big, and when you lose, you will become emotional, and you might not let go of your lost, which will lead to chasing and losing more.

[target]

I don't think it's easy not to chase our losses as gamblers because when someone isn't in the right frame of mind, they're more inclined to make rash judgments that contradict their better judgment. Although it can result in higher losses and emotional pain, causing them significant harm in their lives, if they find themselves in that situation, it is critical that they take a step back and rethink their plans to determine whether or not they want to proceed.  However, deciding not to chase our losses is not easy.

You are very right and it is always difficult for us to stop chasing loses because that may be the only way we could get more money or try to recover our loses. There are people that are too desperate and they always want to make money and have a good lifestyle. It is very hard for us to recover our loses if we don't have a strategy to do so . Life is becoming very hard these days and losing some funds in betting can be very annoying and with lots of bad energy to get over with time. If we want to make money from gambling without too much risks, we need to gamble with what we can afford.

There is no strategy that any gambler can use to chase his loss, and recover it, instead he will get more losses. This is why the advice is never to chase your losses because the house edge always win.

We should not gamble because we want to make profit, gambling is not for that but for you to have fun with it and this is why, the best way to enjoy gambling is to bet with the amount that you can afford to lose. So that why playing it, you take it that you are using the money for your stake to pay for the game. If you win fine, and if you don't win, it wouldn't be a problem to you.

It is when you are gambling for profit, that you will be tempted to stake with a big amount, so that you can win big, and when you lose, you will become emotional, and you might not let go of your lost, which will lead to chasing and losing more.

Start betting small and then chase the small loss.  I think this is what the strategy called Martingale, its not a guaranteed effective just as most of those who used it once said.

I don't know what to think of this topic. If he means Don't chase your loss is about quitting gambling, it should have been clearer if he says it that way.
But gamblers don't think that way. He may lose today but the next day he still gambles and that means he is hoping to get back whats lost yesterday.

[agustina2]

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

Sometimes we need to just allow these people who are chasing a loss as a purpose why they gamble.

Without suffering a losing experience and big losses, they will never understand that chasing losses is something they can't achieve.

Though the worst part is, some people even suffer a big losing streak just to chase the losses, still didn't realize that what they are doing is crap.

[maknyos]

Sometimes we need to just allow these people who are chasing a loss as a purpose why they gamble.

Without suffering a losing experience and big losses, they will never understand that chasing losses is something they can't achieve.

Though the worst part is, some people even suffer a big losing streak just to chase the losses, still didn't realize that what they are doing is crap.

Usually, those who have experienced a lot of losses find it difficult to control their actions, and feel frustrated by the losses they have experienced so they want their money back to normal. They lose their minds to think, How to get back the money that has been used up, sometimes the money used for gambling is money that was plotted for other needs. Therefore, they will continue to try betting and will take risks by adding capital again and again.

[Lanatsa]

It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

Sometimes we need to just allow these people who are chasing a loss as a purpose why they gamble.

Without suffering a losing experience and big losses, they will never understand that chasing losses is something they can't achieve.

Though the worst part is, some people even suffer a big losing streak just to chase the losses, still didn't realize that what they are doing is crap.

Most of the time this is where people do really ended up with this kind of situation on which they would really be having those kind of unfortunate situation before they would really be making out those adjustments
or learnings on which it is really that sad. Its true that you could really be able to learn up things along the way and dont wait for yourself to be experiencing such hardship or tough situation before you would be able to learn. You could actually do it before and not after but usually the case people wont really be stopping not until they would really be experiencing those hardship as i say.

It would really be that so normal that a human being would really be chasing up their loses on which trying out to break it even and this is something a very normal situation.
The only thing that you should really be having in mind on such situation is that you should really be that doing gambling on a responsible manner plus having that good
control and moderation on which you wouldnt really be ending up with these type of conditions.