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Author Topic: How you can benefits from your loss ?  (Read 559 times)
Natsuu
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April 07, 2024, 05:00:04 PM
 #41

If you'd just need to lose to know you're doing wrong and to be able to change and adapt your strategy and your game plan until you get good winnings. Everybody would be able to easily win money at gambling games. Unfortunately it's not so easy. You can get a nice winning streak or a big jackpot while following a bad strategy leading you to lose money over the long term.

Only if I get unto some losing streaks like 2weeks in a row, then and only then I will change my strategy. But if it's not, I just keep playing it the way I should be and would let probabilities play out for me long term. When I get hunch that I probably doing something wrong that's why I am losing, then I am going to talk to myself and reflect which of those actions. Sometimes I realize that I just put bets without analyzing because I am bored, sometimes I just get impulsive and get carried away of excitement. When I do those things, I try my best no to beat up myself and just learn from them.

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April 07, 2024, 05:19:13 PM
 #42

There are really not many options out there but either to stop playing and take a rest or continue on and try to chase the losses.
I like resting first because I want to play again while I am thinking straight and not being clouded by madness about the losing streak. Sometimes the strategy is successful after a rest because I win and there are even better times where a consecutive will happen that would tie all my losses. But after that, it can become chaos once again.

I don't like the feeling when chasing the losses, I get to be pulled by my anger and I can lose more which often happens which is why I don't think it is wise to continue on when half of your funds is gone in just a day. Deep breaths will be important when this time comes so that we can see that we are doing it the wrong way and it would just lead to regrettable losses.
You take a step back, a deep breath... good on you, man, that's hard to do in the heat of the moment. Sometimes things work out, giving you a jolt of adrenaline. It doesn't last, right?

You understand the rage, obsession, and drive. Chasing what's gone costs. It's more than money, right? Losing oneself in battle for what? This break and plan are good ideas, but not guaranteed. Chaos remains, waiting.

Finding that balance between playing and letting the game play you is the actual challenge. Stepping back and rethinking isn't weakness, but it's also no magical fix. How can you center yourself when everything is falling apart? How do you know when to intervene and when not?

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April 07, 2024, 05:33:52 PM
 #43

In gambling, losing is something we often experience, because winning in gambling is not an easy thing, especially if it is a big win. But apart from that, it all comes back to each individual in managing the gambling activity and in managing the winnings obtained. Big wins are quite difficult to get, therefore, when we are given this opportunity, take advantage and use the results of the victory as best as possible for things that are more useful and meaningful. Because not a few people, who get the opportunity to "achieve a big win in gambling" instead of making a withdrawal, they actually lose the results of that win by continuing to place bets with an even higher amount than before, because they think that winning and Luck was on his side, he hoped that he would get a bigger victory than before. In the end, the results of the victory could not be enjoyed, and the shadow of regret continued to haunt him all the time.
Unless a gbler decides to take the gambling activities more personal or as a career, I don't see why any gambler who losses should be emotional and angry knowing fully well that there are winning days as much as the losing days.

The best way I think one can benefit from loss is in the meditation that follows. One should be able to sit quiet in a day at a specific time of day and ponder on some decisions and choices that may have caused the loss or win and direct other gambling games accordingly.
Also, when the urge to keep playing to counter the losses comes, one should check their wallet and analyze properly before spending further on gambling. It is at this point that gambling becomes a harzard and safety measures should always be put in place to avoid going over the edge with flodding emotional responses.

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April 07, 2024, 05:38:46 PM
 #44


Gamblers when they are dedicated to what they are doing, learn from the mistakes they did and then somehow will just find a way to win the next time they play. Just like the kid who becomes smarter whenever they are grounded. Those kids learn how to avoid getting caught after the violation.

There are just casino games that you can't win though, especially those luck base but the games where they have the chance to change their luck, they are going there.

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April 07, 2024, 05:42:56 PM
 #45

As gambler How do you deal with loss?
accept and remember that losing is part of gambling. It is the risk that you willingly took when you decided to gamble. while there is nothing wrong feeling sad when you loose, it is crucial to not dwell too much on it because it can lead to overthinking or perhaps feelings that you need to start chasing your loses.

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April 07, 2024, 05:43:26 PM
 #46

Losing is a part of gambling and will always be. I'd say it is not a good thing to experience but something we won't be able to avoid as long as we gamble. The only thing we could learn from a loss, is to learn from that experience.

When a person is new to gambling, he or she never experiences the loss. Getting the feeling is loss is good as it helps to know that gambling is risky and therefore putting more money on the risk should be avoided. If a person only keeps winning, he will become greedy and may take bigger positions and thus lose a big amount. Therefore, losses will usually keep your mindset and you will always remain cautious of what you are risking at gambling.

Unless a gbler decides to take the gambling activities more personal or as a career, I don't see why any gambler who losses should be emotional and angry knowing fully well that there are winning days as much as the losing days.

If a gambler is gambling to get the career out of it, then he is doing at the first place and therefore he should be stopped out and should have experience of some loss so that he starts to think realistic and do not treat or compare gambling to a profession or a constant income generation thing.

If the person is expecting something extra ordinary out of gambling, a loss will reset his mind ack to normal. Wink

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April 07, 2024, 06:56:51 PM
 #47

If you'd just need to lose to know you're doing wrong and to be able to change and adapt your strategy and your game plan until you get good winnings. Everybody would be able to easily win money at gambling games. Unfortunately it's not so easy. You can get a nice winning streak or a big jackpot while following a bad strategy leading you to lose money over the long term.

Only if I get unto some losing streaks like 2weeks in a row, then and only then I will change my strategy. But if it's not, I just keep playing it the way I should be and would let probabilities play out for me long term. When I get hunch that I probably doing something wrong that's why I am losing, then I am going to talk to myself and reflect which of those actions. Sometimes I realize that I just put bets without analyzing because I am bored, sometimes I just get impulsive and get carried away of excitement. When I do those things, I try my best no to beat up myself and just learn from them.
It's true that if a strategy doesn't work in gambling, it doesn't mean that my strategy is wrong. I should consider the results of applying that strategy several bets. If there are a few bets with the same result then i can change my strategy. A lot can be learned through losses in gambling. If a gambler can make decisions by considering various factors such as which strategies were wrong and what decisions should not be taken, then he can certainly learn from the losses. Moreover, a gambler cannot be an experienced gambler if he does not lose.

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April 07, 2024, 07:26:54 PM
 #48


Hi everyone ,

I have previously seen articles about the mistakes that some gamblers make, especially when they lose a bet, as they try in every way to remedy the matter. The same thing happened to me before and many times, and this is what often leads to greater losses.


None of us sees losing as a normal thing, even in the simplest things. The majority have the mentality of a winning , and this is normal because this is human instinct, and losing always negatively affects how the gambler thinks and the ability to analyze the situation, and it has the ability to destroy all positive ideas and make the gambler frustrated. It puts him in a spiral of remorse and heartbreak over what he lost, but if we take it from another perspective, we can benefit from it. The first thing to do is to bear it and realize the matter as it is, and that gambling, when we talk about money in the same way as the pleasure found in it, always gives us the same two options: either winning or Loss, and in such matters, we must know that the ability to restrain emotions plays an important role in such situations , anger and heartbreak will make things worse, and taking time out to analyze things will be the best option.We must know the mistakes we made and analyze them, study the strategy we followed and change it if it is not in line with the results and the course of the game.. , there are many options that can help us .

Gambling is based on losing and winning, and if you lose, this does not mean that losses will rain down on you one after another, but you can cause yourself greater losses and you will be the first reason, or you can benefit from them and your mistakes and make them a good reason for your next win.

 This is my just own opinion and based on my few experiences in this field ,
 
As gambler How do you deal with loss?

Personally I used to deal with lost games,sessions one after another as I was gambling responsibly within an already allocated budget for gambling.The problem was that one time not long ago I lost a huge amount,2 months salary within one hour by playing slot machines led by greed that if I win it big I will most likely win a life changing amount.That was plain wrong because no one is there to let us make money,the people who make money are 1 out of 100000 people in gambling and honestly in percentage talking doesn't look like it is going to be one of us against 100000.

That is why I have stopped gambling from that very moment when I realized odds are totally against me.

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April 07, 2024, 07:42:42 PM
 #49


Hi everyone ,

I have previously seen articles about the mistakes that some gamblers make, especially when they lose a bet, as they try in every way to remedy the matter. The same thing happened to me before and many times, and this is what often leads to greater losses.


None of us sees losing as a normal thing, even in the simplest things. The majority have the mentality of a winning , and this is normal because this is human instinct, and losing always negatively affects how the gambler thinks and the ability to analyze the situation, and it has the ability to destroy all positive ideas and make the gambler frustrated. It puts him in a spiral of remorse and heartbreak over what he lost, but if we take it from another perspective, we can benefit from it. The first thing to do is to bear it and realize the matter as it is, and that gambling, when we talk about money in the same way as the pleasure found in it, always gives us the same two options: either winning or Loss, and in such matters, we must know that the ability to restrain emotions plays an important role in such situations , anger and heartbreak will make things worse, and taking time out to analyze things will be the best option.We must know the mistakes we made and analyze them, study the strategy we followed and change it if it is not in line with the results and the course of the game.. , there are many options that can help us .

Gambling is based on losing and winning, and if you lose, this does not mean that losses will rain down on you one after another, but you can cause yourself greater losses and you will be the first reason, or you can benefit from them and your mistakes and make them a good reason for your next win.

 This is my just own opinion and based on my few experiences in this field ,
 
As gambler How do you deal with loss?

There are many different forms of gambling and you have to adapt your mentality to each scenario. If you're a poker player, you will have the same random luck as everyone else on the table but through psychology including bluffing or being able to read other players, you can use any cards you're dealt to a different advantage - sometimes you'll even profile people at the table which can help long term profitability. If you enjoy playing slot games however, you have to understand that each play is entirely independent of all past or future plays and the mathematical odds will reset, in that scenario the casino will always have the advantage over you the longer you play.

R


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April 07, 2024, 08:19:39 PM
 #50

The only time for me to take loses as a benefit is when you take the lessons that comes along with the long with the loses such as the mistakes that leads to the loses and how best to handle such mistakes in the next bets, because at that point it becomes clear to the mistakes and steps that lead to that loses and for sure it better to learn the lesson from all the happening around the gambling scene that makes up for the overall experience that the gambler gathered.

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April 07, 2024, 08:29:16 PM
 #51

The only time for me to take loses as a benefit is when you take the lessons that comes along with the long with the loses such as the mistakes that leads to the loses and how best to handle such mistakes in the next bets, because at that point it becomes clear to the mistakes and steps that lead to that loses and for sure it better to learn the lesson from all the happening around the gambling scene that makes up for the overall experience that the gambler gathered.
'
Learning lessons from it would really be the only benefit that you could really be able to have speaking about those loses, this isnt really just that limited on gambling field but also in other things or aspects in life as well
on which loses or failures is something that would really be making you even more wiser and aware on the things that you've been trying to deal with.

If we do speak specifically on gambling then loses are inevitable, this is part of the game and something that it would be always be. It would really be just that depending on you on how you would really be trying out to less those loses but this is only possible via with those games like sports betting and other card games like poker on which results would really be only determined on how well you are
on dealing up with these things and would really be able to adjust it out but of course these things cant be applied when dealing with pure luck. Everything or outcomes will always be determined randomly
whether you are lucky into that particular moment or point.

R


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April 07, 2024, 08:42:31 PM
 #52

I consider each loss or mistake in gambling like a lesson. The price for the lesson is the amount that I have lost.
I will not regret too much any loss just because this is an amount of money planned for this kind of expense.
There is not much to deal with a loss... thinking too much on it is never useful.

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April 07, 2024, 08:54:07 PM
 #53

None of us sees losing as a normal thing, even in the simplest things.
Nope, actually most of us see that losing is a normal thing when you gamble and it's the same with investing. When you put some bets that you're willing to take, then it clearly means that you're willing to take the risk and risk comes with a potential win or lose. But in most cases, we see that losing is normal to each and everyone of us as we know gambling is like this. That's why if you're saying that losing is not seen by most of us as a normal thing then you're probably not gambling at all or don't take risks at all.

The majority have the mentality of a winning , and this is normal because this is human instinct, and losing always negatively affects how the gambler thinks and the ability to analyze the situation, and it has the ability to destroy all positive ideas and make the gambler frustrated.
I agree that this is the majority of us. Despite that losing is also normal, the mentality that we have about winning is normal as well. Nobody wants to lose but it's just that the expectation of many of us is already on that point that we can actually lose when we gamble and that's the acceptance that we're having as we gamble. Normally, when a gambler wins then that adds confidence to him and he wants to gamble for more to see that satisfaction that he's looking at as he gambles but then, when losing has come. You'd see this winning gambler will start to just look frown but accepted that it's a normal thing to lose.

As gambler How do you deal with loss?
There is no need to deal with it. Acceptance is what you must do in all of the results that you'll have, whether you win or lose as long as you've been accepting outcomes and you're not expecting a lot when you gamble should be the norm. And with that norm, you learn something new that you'll apply it to yourself or in life or simply in gambling.

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April 07, 2024, 09:01:25 PM
 #54

As gambler How do you deal with loss?
There is no 2 ways about it. Whenever you lose you have to accept defeat and move on by continuously playing. Though that does not mean you will not play with caution. Gambling is a game of luck. Most times when people loss they panic because they think they have lost it all forgetting that some days are good days while some days are often bad days. When the bad days come we accept it when the good days come we also accept in good faith. So how I manage my loses is that I keep calm whenever I loose, and look up to the future.

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April 07, 2024, 09:08:43 PM
 #55

Not everyone succeeds in overcoming their losses, actually what gamblers need is self-awareness that gambling is not a way to make money and there will definitely be more losses and defeats, many people don't realize that, we are not talking about just losing and winning, but recognition and self-awareness that gambling has a big risk of losing money and don't focus on making money, don't gamble if you don't want to lose and lose money, that is the choice and awareness of each person who has chosen to gamble.

If they are ready to gamble then they are ready to lose and lose, so why think about how to make a profit from our losses in gambling, it is clear that the dealer will always win and not many people succeed in making money from gambling, let alone making a profit from the losses they experience, most people actually feel pleasure when gambling and not just trying to make a profit there, the same thing I do is gambling for fun, not to look for profit or money, to gamble you have to be ready to lose and lose so never gamble if we are not ready to lose and lose, we are free to choose and no gambling will force us to gamble.

That's what gamblers need, especially gambling addicts, they tend not to realize that the gambling they do is too excessive, even though the gambling they do always ends in defeat, they still gamble because they only think about winning. They have to realize that gambling is not something that can make money for sure, they can make money for sure by working in real life. It's true what you said, don't gamble if you're not prepared to lose money, which will definitely happen in gambling.

We should do this gambling with the feeling that we are ready to lose the money we bet. It is not true that we gamble but we are not ready to lose the money at stake. be aware that gambling is a game that only drains our finances, don't just think about winning which is not certain to happen. Therefore, don't hope or think that you can find or make a definite profit by gambling, it is better to realize that gambling is only for entertainment.

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April 07, 2024, 09:19:28 PM
 #56

I see nothing in one benefiting from their losses except they go back to their board and develop a new and good gambling strategy for the game for which they had lost.
If as a gambler you lose game and after that you decide to go improve your game skills as it relates to that game, I can say that you are learning to not fail again in that game or you are perfecting your skills in playing that game so that you do not fail again.
If you had played and lost a game, you can sit back and try recall how you started playing the game, recall the possible mistake you think you had played that likely resulted to you loosing the game after that, you start developing patterns that could be favourable to you when playing so that you do not make any silly mistake again. I think by doing so, you can say your loss made you develop a good gaming skills which is beneficial to you and friends.

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April 07, 2024, 09:23:08 PM
 #57

If you are gambling and you want to benefit from your loss, you need to be using very small amount of money to gamble if you like gambling. So if you make money or you are losing, you are benefitting from gambling and that means you still benefited from losses even if you are not winning.  Cool

You earn $250 weekly and you are using $5 to gamble weekly. That is an example.
Apart from using small amount of money to play gamble, it will also make sense after a lose to give some break. Having break after a lose can help one to gather his/herself financially and emotionally to start a new game with a clear mind. Some people play gambling with a small amount but the frequency which they play is very high. They can play gambling always with no break and if you calculate the money that is used to play gambling despite it is small, when it is accumulated it is a huge amount  of money.

Having a break in gambling is a way of benefiting from your lose and also playing with a little amount that you can afford to lose. When people lose in gambling it is just important for them to give a break, it will do more good for them.

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April 07, 2024, 09:37:19 PM
 #58

In gambling, losing is something we often experience, because winning in gambling is not an easy thing, especially if it is a big win. But apart from that, it all comes back to each individual in managing the gambling activity and in managing the winnings obtained. Big wins are quite difficult to get, therefore, when we are given this opportunity, take advantage and use the results of the victory as best as possible for things that are more useful and meaningful. Because not a few people, who get the opportunity to "achieve a big win in gambling" instead of making a withdrawal, they actually lose the results of that win by continuing to place bets with an even higher amount than before, because they think that winning and Luck was on his side, he hoped that he would get a bigger victory than before. In the end, the results of the victory could not be enjoyed, and the shadow of regret continued to haunt him all the time.

That's right, because losing is a possibility that will definitely happen wherever you gamble and in any type of gambling, because as we know that gambling is about winning and losing, it's just a matter of those two possibilities where we all will never know when we will be able to get a win especially in large quantities, meaning yes as you said if for example we managed to win in any amount then it is definitely a good idea and advice to better not waste the opportunity by cashing out as soon as possible before luck finally disappears and makes you lose again.

I don't think winning is difficult but getting the luck is because winning always depends on how lucky you are at the time of the session while the way luck works is always on an "occasional" basis that comes by chance and can never be known. This means that we must have the ability to ignore greed, do not assume that the winning situation is an opportunity to pursue recovery, because in some cases usually such a mindset will only lead you to regret because you lose all the money you have won before.

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April 07, 2024, 10:12:45 PM
 #59

-cut-
As gambler How do you deal with loss?
Difficulty to process that is easier to understand when we realize that we are really unequipped to deal with winnings either. Feeling from winning is obviously easier to handle, but it comes with an expection that we would eventually win anyway, so winning is kind of relief. And when we subconsciously assume that we are going to win, it means that in our head we create this feeling of entitlement or feeling that we are owed to. That's why we aren't really mentally prepared for the loss.

It just feels wrong, and many people can't seem to understand why they keep losing. From these people we hear these crazy ideas that we should just play more, or what we should loan money to jump back into profits, because they think it's just a matter of time. It's not. It's a matter of probability, which is very different thing and is usually misconstrued equal to matter of time.

Short answer is that my process is that i avoid situations where i would spend so much, that i would have to deal with those feelings, as i don't deal with them well either. But i do process them by acknowledging that those feelings exist and just FEEL them, like mental health experts recommend, so that those feelings don't control me after that.

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April 07, 2024, 10:17:06 PM
 #60

Indeed so called "strategies" in chance based gambling about adjusting your bet to make back your losses are quite ridiculous in that it's entirely possible to lose everything this way unless you have unlimited amounts of money and the casino has infinite max bets. Cheesy If you make tons of bets, you're bound to hit many losses in a row even at high win chances. The chances have no obligation to be on your side really so anything could happen, especially if we're talking random chance.

So really the lessons someone must take from losing is that one should never overdo it with his bets. If you lost more than you were expecting, it's ok to stop. But a budget on a weekly or monthly basis and never go over it with your losses. If you put aside x amount of money maybe you can afford losing let's say 10% of it. But don't deposit more. This is what has the potential to ruin you. Not losing a bit of pocket money, but trying to get it back "safely" with huge bets.

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