Dont chase your loss

[_act_]

when is the time that it's necessary to gamble? 
however, it's been the usual advice not to try chasing the loss. the more money will be lost in doing so. the martingale strategy is basically chasing the first loss and then you who applied the strategy kept doubling to get back that loss.

Martingale strategy is good but some gamblers use to abuse it and making the wrong calculation to the amount of money they can afford to lose, leading to them using more money to gamble and if the strategy failed, it would be a big money loss.

i have not seen a single user who tried chasing their loss and got it back successfully, i hope to see one actually.

I have chased loss before and later won but it is not common. But chasing loss is bad because if I will count the number of times I chased loss to be 10, I won only ones and the rest got all the money in my account lost to gambling. Chasing loss is not good.

[jossiel]

It is best you gamble when necessary not because you want to chase your loss and win back you money

You don't say that. Most of the gamblers that have lost with their bets are going to chase their losses no matter what you say. Whether you remind them not to win back their money and stop chasing them, you just cant' stop them from doing so.

Because it's a nature in human that we're not going to give up easily and if it's our money involved, we'd never stop. But with that, you'd see that we're not having some good ending with this approach.

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 skills is out of this.

If you're a good gambler then you are a good gambler but this involves decision making. So that's why I've said that gambling skills is out of this and this is more of your decision making skills and how you control your emotion.

[Wiwo]

When it comes to gambling, it is very important not to chase a particular directions because in doing so you tend to record your highest loses along the way, and most of the people that take that particular directions have become either addicted or even indebted so it is best to always gamble having in mind that you can lose all your money as a result that is why is advisable to gamble under strict compliance with your set rules.

1: don't gamble trying to recover from previous loses
2: don't gamble with too high amounts that you can not afford to let go if you lose.

And also you should avoid gambling under the influence of any thing such as stress, desperation or drugs.

[Yogee]

It is best you gamble when necessary not because you want to chase your loss and win back you money

To try to win back the money you lost from the previous gambling sessions is also a good goal. There are responsible gamblers who check the results of their weekly or monthly activities and count if they're in the green or red. The problem here is trying hard to achieve that when you're no longer in a condition where you could think clearly. Take a break before attempting to do it.

[Tmoonz]

It is best you gamble when necessary not because you want to chase your loss and win back you money

You don't say that. Most of the gamblers that have lost with their bets are going to chase their losses no matter what you say. .

Gambling on the motive of getting back your loss is actually bad, the implications are very dangerous as regards to gambling you will end up being addicted where you are being controlled by the games and not you controlling how play the game, of a truth is normal to feel depressed when you at loss but however chasing after your loss is out of control rather than you controlling the game.

[Gozie51]

Gambling is done as fun, if you win you should be happy, if you lose do not despair let alone stress.
Enjoy gambling with cold money, don't force it because money is for your needs.

You have identified one particular problem that makes people to fall to chasing their loses. Gamblers tend to force winning out by themselves without understanding that the games have an already direction that it is going while they want to redirect the outcome to suit them and this is the reason they fail after a try. They are destabilized in studying their analysis because their focus is winning back loses, so they just run in into betting for another one after they have lost the previous.

We have to understand that to force our bet into our desired aim will not work so we have to be reasonable and bet the amount we can endure when it outcome is loss, with this it will help our gambling adventure.

[robelneo]

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?

It's ok to chase your losses as long as you're using money that you can afford to lose, the problem with chasing your losses is after you lose your bankroll you increase your bankroll immediately and deposit that is within your allocation and you are chasing your losses based on your emotion, it's within one's emotion to chase your losses we all want to do this in the back of our, we calculate our previous when we are winning and this is additional motivation but you should control our motivation because we could eventually lose what we've gained.

[Assface16678]

It is best you gamble when necessary not because you want to chase your loss and win back you money

You don't say that. Most of the gamblers that have lost with their bets are going to chase their losses no matter what you say. .

Gambling on the motive of getting back your loss is actually bad, the implications are very dangerous as regards to gambling you will end up being addicted where you are being controlled by the games and not you controlling how play the game, of a truth is normal to feel depressed when you at loss but however chasing after your loss is out of control rather than you controlling the game.

There's no such thing as recovering or getting back the funds or money you have already lost in gambling; in fact, it will only make you lose more as you try to recover your losses. Then what is the best option or what is the best thing to do? Let it all out, meaning what's gone is gone at the end of the day. If you already lost all your funds for gambling, then it's time to stop. You will feel regret, yes, but the thing is, if you try to get it back, you will only dig your grave caused by gambling, so just wait for the time that you can have funds again allocated for gambling. You have a choice. You choose to play gambling where there is no certainty that you will earn or get back the money you lost. If you can avoid gambling especially if you can't lose the money you are using.

[Stable090]

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 first rules of gambling is that, don’t gamble because you want to make money, if you can gamble because of money, then you might end up regretting doing that. If you are gambling and you are already losing heavily, just stop gambling at that particular moment, never think of winning back your money, because the more you think of winning back your loss, the more you keep on losing.

That’s why when you gambling, just do it with the little amount you can afford to lose, if you can lose the money, then stop gambling, don’t deposit more money money in your gambling account just because you are planning to recover the amount you have lost previously. Most people that do fight to recover their loss are the once that gamble with the amount which they can’t afford to lose.

[Samlucky O]

Chasing up losses is the reason behind frequent failure in gambling. Most times when people loss, they lost out of negligence and curiousity or trying to prove an unreasonable fact of getting back there lost fund by all means, and they will chase after more loses than win.
I could remember long time ago when I played gamble and lost, I was very navours and aggressive to win my loses and at the end I lost all and even played with my reserved fund after that incident I have never did such thing again.

[danherbias07]

When necessary. I think I like that.

In the past, I chased losses of x3000 in casino games. I know it will be difficult to get it back considering most games don't just give out that kind of amount in one blink. So what I did was slowly get it back by winning x100 in one game then get out. I didn't recover it all but somehow made an x1000 by jumping from one game to another. Now, forgetting the x2000 losses will be the problem. You will always think about it even if you don't want to. There will be times that you may even have nightmares about it.
Still, we have to keep our composure and just forget about it so that we can think straight with our next bets. It will not be easy to make the right decision when we are still imprisoned with our losses. All we will think about is having revenge and wanting to get it all back in rapid method.

[Adbitco]

At first as a gambler you have to control your greed level whenever this is control then you can never chase lose while gambling in for instance, when most people are gambling they are summing up the total amount which includes also potential winning they would gain in that bet and places their bets, at this point greed is already running on that person. As a gambler your aren't meant to count all this what you should is to just gamble naturally and when winning comes you can add up as plus to you instead of allowing greed to control before place your bet, when you lose you would always want to go chase the lost.

[passwordnow]

It is best you gamble when necessary not because you want to chase your loss and win back you money

We go back to the reasoning that all of us must gamble for fun. Yes, we do gamble for fun but can't remove that fact that we're also gambling to win and win some back of those losses that we've incurred as we gamble. That's always the case for most gamblers that we are gambling because we want to win and want to win some but in the end, we're losing and losing more because we can't stop that desire once we're already hooked into it. No matter how hard you try to stop when all you want is to gamble and win back, you'll get more losses the more you try to chase them.

Chasing up losses is the reason behind frequent failure in gambling. Most times when people loss, they lost out of negligence and curiousity or trying to prove an unreasonable fact of getting back there lost fund by all means, and they will chase after more loses than win.

It's essential that a gambler will want to chase their losses. I'm not justifying them because I am one of those the guilty ones that have been chasing my losses. But there are times that I do realize that it is just covering lose after lose and making me lose more money. When you happen to be in that state and you realize that you're not doing good, all you want to do is to stop and just take the losses and accept it because no matter what you do, those losses are already permanent and you just give that call a day and stop so that it won't be adding more losses on your end.

[acroman08]

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?

would you mind elaborating when you say "It is best to gamble when necessary"? As much as I love gambling and the fun and entertainment it gives me I don't see when gambling is necessary(just to be clear I am talking about the context of this topic). anyway, I completely agree that everyone should never gamble with the reason of trying to chase their losses, it is a bad habit that could lead to more problems not just financially but mentally too.

[PytagoraZ]

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?

Totally agree with you and usually if we chase losses then we will usually experience even bigger losses, and that will only make the situation worse. Maybe because when chasing losses we play with emotion or in a hurry as you said

Like if we play on a day where we don't have much luck, then no matter how many times we try and make a deposit we will still lose. The best way is to forget about the losses we experienced and play again when our financial condition is good and we are not angry or emotional. I've experienced it before, chasing losses is a way to increase losses

[AmoreJaz]

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?

would you mind elaborating when you say "It is best to gamble when necessary"? As much as I love gambling and the fun and entertainment it gives me I don't see when gambling is necessary(just to be clear I am talking about the context of this topic). anyway, I completely agree that everyone should never gamble with the reason of trying to chase their losses, it is a bad habit that could lead to more problems not just financially but mentally too.

I have the feeling that the OP is referring to situations like your favourite team or athlete is playing, and you know very well the odds and the probability of winning is high. So for you, it is quite necessary to bet because your winning chance is quite high.

But on the note of being the case that best to gamble when necessary? I don't think it is necessary to gamble, this is quite personal choice and you can always opt not to gamble your money especially if you are in tight budget.

[Chibit01]

Well I understand that there was a huge loss and to some it is a little  loss but I want us all to understand and remember that bitcoin is just a product in a market which can either appreciate or depreciate....

We should never allow emotion to believe clouds our minds that we have forgotten so fast that we are in an open market that the fact that bitcoin is appreciating doesn't means that it will not depreciate that's why I said we should allow tell people to invest with more cautiousness because things like downtrend of crypto currencies are bound to.happened any time any place so to the appropriate appreciation of the value also.............

Meanwhile bitcoin still remains the master of all coins we should not forget that bitcoin is still reigning

Thanks 🙏👍

[Nwada001]

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?

One of the worst mistakes most gamblers make is thinking they can control and cheat the system. Some gamblers do believe they can have control over everything, but they just go in with little money, make some heavy wins, and move out.
 
Some even go as far as putting their hope to pay bills in their gambling results, which is one of the worst things to do as a gambler, and when they have this mindset and feeling, they ought to make bad gambling decisions, which lead to me losing always in gambling, and trying to recover that loss will lead to more losses.

[xLays]

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 read this kind of post many times here in bitcointalk and my answer will always be the same. This means you're chasing losses in gambling and trying to win back money you've lost by betting more. It's risky because it can lead to even bigger losses. It's better to avoid this kind of behavior and take break if you think yourself doing it. Only gamble with what you're willing to afford to lose. It means only spend money on gambling that you're okay with losing. Don't gamble with money you need for important things like bills or savings or you will end up in financial trouble.

[Tmoonz]

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?

It's ok to chase your losses as long as you're using money that you can afford to lose,

The fact is that it will become more difficult in keeping track of time and and the amount you are use to or supposed to use because at that point of chasing your loss you are being controlled by emotion followed by drastic decisions it becomes devasting and you may loss again and again. you  just need to calm your mind take a break and probably see a better options before striking.