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Author Topic: After losing the money in gambling,what is your strategy  (Read 996 times)
danadc
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April 17, 2024, 09:27:26 PM
 #101

Any loss, and especially a big loss, is a reason to think about it. The most important thing you should do (if you haven't already) is stop playing. It is obvious that you have made one or more serious mistakes. Perhaps these are errors in game forecasting, in risk management, in money management, or some other error. But the fact of the error is obvious. You must come up with a solution that will help you neutralize these errors in the future. Otherwise, further continuation of the game is pointless.

When we experience a loss, especially a fairly large loss, it is true what you said that the first step we must take is to withdraw from the game to take a break from the activity and think seriously about dealing with what happened. Because it is possible that the defeat we experienced was caused by our own carelessness without realizing it. Gambling is full of thrill and excitement, so someone could unknowingly lose a lot of money in just one time. So the next step we have to take is to find a solution to overcome this error. Namely by increasing our knowledge and skills in the type of gambling we play to maximize the possibilities in each game, as well as improving the way we manage money and implementing limits regarding the amount of money used. issued for gambling. And being able to use our loss experiences as lessons for the future.

I have had very big losses and that has made me feel bad, because it has made me think a lot and reflect that bears have to be done more quickly with more restraint and with much more dedication for them to turn out well, I have always said that, yes We start to analyze things because it is obvious that when we are looking for consolation, it is very difficult, just words and go ahead, work harder and do things better for the next game session, because otherwise you can't do many more things, .

I have even cried and I have to move forward, because losing money like that is difficult, I have lost more than what I have won, I cannot say that I have won big, what I have won the most has been 25usd and that is the equivalent so that I don't retire from the game at once.

R


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April 17, 2024, 09:31:14 PM
 #102

When we experience a loss, especially a fairly large loss, it is true what you said that the first step we must take is to withdraw from the game to take a break from the activity and think seriously about dealing with what happened. Because it is possible that the defeat we experienced was caused by our own carelessness without realizing it. Gambling is full of thrill and excitement, so someone could unknowingly lose a lot of money in just one time. So the next step we have to take is to find a solution to overcome this error. Namely by increasing our knowledge and skills in the type of gambling we play to maximize the possibilities in each game, as well as improving the way we manage money and implementing limits regarding the amount of money used. issued for gambling. And being able to use our loss experiences as lessons for the future.

It seems to me that you don’t need to be a genius to look around and understand that most gamblers are always at a loss and only very rare lucky ones win the jackpot. It is no less easy to see that those who go to work and work there receive at least a salary that allows them to cover many of their vital needs. I say this because his friend understands everything perfectly, but as long as he has a choice between gambling and ordinary life where he has to work, he will choose gambling. But at some point life will force him to make a different choice  Grin

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April 17, 2024, 09:41:51 PM
 #103

I have even cried and I have to move forward, because losing money like that is difficult, I have lost more than what I have won, I cannot say that I have won big, what I have won the most has been 25usd and that is the equivalent so that I don't retire from the game at once.
Normally, we cry when we've worked hard the money that we used to gamble. And upon losing it, it's not just about losing the money but also losing all of the times that we've spent for earning that money and that's why we become emotionally which is normal when we realize at the end how we lost a lot even if the amount we gambled is small for the others. No effort can be par with that amount when it includes our time, effort, energy and attention.

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April 17, 2024, 10:08:53 PM
 #104

The possibilities of controlling oneself in gambling is not actually about how much experiences acquired but your personal gaming decisions to be mean or loosed to yourself if you would be in charge of your emotions or the casino will take charge of yourself for you.
So in both beginners and old gamblers, it is based on persons and not about who comes first acquires the best advantage. This is just about gambling being a game of luck.

I have withnessed such persons ws your friend who struggles to meet up with their bills and budgets but yet they could always find all means to get money and stakes in the gamble.

Your friends ideal of going for more loans to stake more in the gambling with the hope that he would win and so he can clear his families debts is not the right thing.
If he could lost over $2K then there is no promising tendencies that he was going to win other times.

He could actually be unlucky in multiple times.
Let him know that gambling is a game of luck and it could be possible that he could bet a million times without winning so, he should stop giving himself those false hope of winning. In  better chances for him, he should not being so separate of winning for profits on gambling else there will always be that Irresponsible insightments of him in the gambling that it is a source of income.

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April 17, 2024, 10:43:00 PM
 #105

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.
This is the worst decision that he has taken, using loaned money to go back to gambling, and with such a mindset, he is likely to lose all of it to gambling, and that's when he will realise he has made a mistake. 
 
Your friend needs help; he is addicted to gambling, but you might not know. His family is in a financial crisis, yet he chooses to play with money that could be used for other things, and when things go sideways, they will suffer together, not just him.

R


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April 17, 2024, 10:59:05 PM
 #106

This is too risky a decision. Borrowing money to gamble is already a bad thing to do, and this is even worse when you have already lost money. The mentality of regaining back his loses can harm him, and debt will pile up on debt.

That's the reason gamblers are advised not to handle gambling as a source of income because it can make them addicted to the process and therefore lead to the individual spending all their money to stake in different games. After they have lost all their own money, they will be forced to chase losses, which is the most insensible thing to do when the gambler is chasing losses with money that they have acquired through a loan. What sense does it even make when someone is chasing gambling losses with or without their own money? 

A gambler should avoid gambling at all costs when they begin to have the urge to take a loan and gamble. There is no possibility of winning every game, they will definitely lose the whole money and become confused and depressed. 

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April 17, 2024, 11:16:08 PM
 #107

I had suggested my friend to quit gambling and I had feel that he totally get addicted to the gambling.Which was the cause for the many high risk to get into the complete loss.But he clarify me,he had loss the money because he had follow the same betting strategy with the changing algorithm of the gambling site.From his experience,I had learned we should not follow the same betting style for the changing algorithm.
He won't realize that he is addicted to gambling. He will have some reasons about the lose, he won't stop it but will be motivated to play with a higher amount of money. You probably can't stop him yourself, you need to cooperate with his family members. Only his closest people who can help him, he needs the help from his parents, wife, or children.

He can't convince to win although he uses a different way. Sometimes, it is not about the strategy but it is also about the luck and chance. The chance to win is rather small, sometimes we also are unlucky. That's why we don't use big money in gambling.

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.
Why he is too confident to play again with loan money?
It is crazy that he gamble with loan money and expect to recover the previous loss. This will be the worse way for him, the loan money will lose also. Then, he also will have a responsibility to return the loan but he has no money. How he will handle this situation?  Huh


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April 17, 2024, 11:18:08 PM
 #108

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

If your friend is stubborn enough to continue playing even if you insist on telling him to stop, then don't waste any more time trying to convince him to do something that is already useless.
In the worst case he will also lose all the money on the loan, in the best case he will be able to recover his losses and say to your face: "I told you... I managed to recover everything" but he will lose it again after a few weeks or months .

Anyway, a sensible person would indeed stop, but for those who don't want to be convinced, the most you can do is advise them without trying to change who they are.

Maybe it's even good if he loses the money from the loan, so he has nowhere else to turn and then who knows, he might look for a worthy way to recover the money from his addiction.

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April 18, 2024, 05:49:43 AM
 #109

This is the worst decision that he has taken, using loaned money to go back to gambling, and with such a mindset, he is likely to lose all of it to gambling, and that's when he will realise he has made a mistake. 
 
Your friend needs help; he is addicted to gambling, but you might not know. His family is in a financial crisis, yet he chooses to play with money that could be used for other things, and when things go sideways, they will suffer together, not just him.
In my opinion, he decided to use borrowed money to gamble because he was already addicted and he himself had run out of capital to gamble, all the money he had had been used for gambling, and this was caused by an addiction that could not be controlled, so when he Having run out of all the money he had, he thought of a way to get money so he could gamble again, and yes, borrowing money was one way, but actions like this were not right. Because it will only make the situation worse.
It's very bad when a family is in a financial crisis but one of the members only thinks about gambling, what you say is true, when he only thinks about gambling there is a possibility that they could suffer together, with him being addicted, in my opinion it only adds to the problem, not produces a solution. a way out of his financial crisis.

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April 18, 2024, 05:59:11 AM
 #110

When we experience a loss, especially a fairly large loss, it is true what you said that the first step we must take is to withdraw from the game to take a break from the activity and think seriously about dealing with what happened. Because it is possible that the defeat we experienced was caused by our own carelessness without realizing it. Gambling is full of thrill and excitement, so someone could unknowingly lose a lot of money in just one time. So the next step we have to take is to find a solution to overcome this error. Namely by increasing our knowledge and skills in the type of gambling we play to maximize the possibilities in each game, as well as improving the way we manage money and implementing limits regarding the amount of money used. issued for gambling. And being able to use our loss experiences as lessons for the future.

It seems to me that you don’t need to be a genius to look around and understand that most gamblers are always at a loss and only very rare lucky ones win the jackpot. It is no less easy to see that those who go to work and work there receive at least a salary that allows them to cover many of their vital needs. I say this because his friend understands everything perfectly, but as long as he has a choice between gambling and ordinary life where he has to work, he will choose gambling. But at some point life will force him to make a different choice  Grin
Losing money in gambling is normal thing, but doesn't that have to be considered between living needs, savings and also expenses for fun like gambling, they will have crappy life if they can't consider all of that.
Moreover, the attitude of responsible gambler is to be able to control himself, just like when he just experiences defeat or loses money that he feels is too big, he must be able to stop and forget all his losses so that he doesn't have to think about recovering them.
After all, working to earn money is not only to fulfill the desire for satisfaction in pleasure but to be able to support much more decent life in the future, especially when have truly built family because the family priority is everything.
It just that I admit that everything will come back to their mindset, if they can't think well and determine the right steps then bad impacts will definitely occur, they have to be in certain conditions first for some people to be able to think well.

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April 18, 2024, 12:44:04 PM
 #111

The gambling is the game with both the possibility,but most of us fail to understand the possibility of losing in the gambling.So if the gambler get into the gambling,in the behalf he had agreed to lose the capital on their bad luck.Some new gamblers most feel this way of thinking after the loss in the gambling,but the experienced gamblers will ready to move on,because they know with their knowledge he can make the big money in some day.One if my friends had loss nearly 2000$ in the gambling,because of his loss even his family suffered a lot in financially.Even his family not able to afford to pay their rent for their house for the few months.

I had suggested my friend to quit gambling and I had feel that he totally get addicted to the gambling.Which was the cause for the many high risk to get into the complete loss.But he clarify me,he had loss the money because he had follow the same betting strategy with the changing algorithm of the gambling site.From his experience,I had learned we should not follow the same betting style for the changing algorithm.

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.
He is mistaken, there is no change of pattern or anything like that that can make someone win after losing other than the RTP that slot games have where you get a percentage of what you have lost back but it doesn't mean you won't lose, and keep winning. A lot of gamblers feel like they have understood some pattern or something and now they can conquer the casino by winning a lot of money but the result stays the same at the end of the day, and they come out with a frown face after losing everything again.

I know people who used to have the same thoughts about certain games in gambling, they used to see the previous results of the game displayed while you were playing, and they used to make their bets based on them, and coincidentally, some of their bets worked out, and they thought they have got a pattern for winning until they lost everything again to realize that none of these things are true and can make someone win.

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April 18, 2024, 01:53:50 PM
 #112

The solutions or advices that you give to your friend will likely be ignored after he gets the loan.
I dont think anyone can stop him to gamble again with that money.
But the important thing is that you have told him, and hopefully he can win with that money.
If he loses again, then he will realize that what you said is true and it will be a very hard lesson for him which is sometimes necessary in such conditions.
Sometimes some persons are not willing to take advice until they have learnt the hard way then they will get to understand and sometimes even regret why they didn't take the advice given them earlier because they have been hit by the repercaution of their attitude of not taking advice as at when given them, maybe that time they will be willing to quit and seek for help but then if they had not been hit by such and have to learn the hard way then they will most definitely not get to the point where they will understand they had to have listened and not do that which they have done which have cost them a whole lot already as he will by then be struggling to pay of the debt he has incurred.

If he gambles and win then he's lucky a d my actually get to be able to pay off his debt and recover but then if he loose i think he going to learn and at that point he's going to be the one to even advice himself without needing anyone to advice him.

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April 18, 2024, 05:06:50 PM
 #113

Additionally, if we are going to consider the risk involved, i don't think such should even be regarded as a strategy, instead a stupidity, from the first place, taking loan is not a good idea for starting a business and not to talk of using it for gambling purpose, with this kind of decisions, so many gamblers have be thrown into divers categories of troubles at the cause and there is no how they can see gambling as fun anymore with this than frustration because they are busy running after what they may not be able to achieve with the loan taken.
Yes of course that is nonsense. How can someone with his right senses borrow money because gambling something you don't know how it will happen. It doesn't make any sense. Gamble your games with what you have and leave to come another day. If you loss what you have that day then it means that that day was not your day. You luck is not good in that day so you have to go home and think of another day with a new methods because probably the methods you used were not favourable. I have seen an addicted gambler who gambled all the money he has and borrowed money from business people to gamble and still loss all and pay back the loan. Is that not stupid? If you are taking loan to achieve something then it is a good loan and not foe gambling.

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April 20, 2024, 05:48:32 AM
 #114

Taking loan to be use as a bankroll to win back his losses will further result to more losses if he fails, that's really a risky move. We have different strategies or things we do when losing money for instance I would stop for a mean time to calm down myself and not to try to win back the losses I've done and play again once I accept that it's already lost.
You once said that each of us has their own strategy after losing in gambling, so there you go. That's what his strategy but indeed that it was only inappropriate, so he must refrain from doing that. Meanwhile, your strategy looks better than him but I think this is not easy especially if we still have a balance left in our stash, so I salute you with that. So many times I've failed to be like that and that causes me tons of regrets.

I am still learning and right now I am trying to stop playing gambling and just save the excess money I have because I also have plans for it once it grow huge. I don't want to let gambling ruin these small achievements of mine again.

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April 20, 2024, 06:24:04 AM
 #115

I have even cried and I have to move forward, because losing money like that is difficult, I have lost more than what I have won, I cannot say that I have won big, what I have won the most has been 25usd and that is the equivalent so that I don't retire from the game at once.
Normally, we cry when we've worked hard the money that we used to gamble. And upon losing it, it's not just about losing the money but also losing all of the times that we've spent for earning that money and that's why we become emotionally which is normal when we realize at the end how we lost a lot even if the amount we gambled is small for the others. No effort can be par with that amount when it includes our time, effort, energy and attention.
We are supposed to gamble using our extra money, not our hard-earned money. Indeed, it was too emotional because we thought already that we would win. We feel disappointed because we overthink that having this xxx amount will become x2 (or more).
In order to avoid this, then makes a decision to just spare money for gambling, a separate budget for personal/family budget. And most of all, we have to stop assuming to win because this is gambling and we just rely on luck. There is no need to cry because we choose to gamble and we choose this life, not the decision of others.

R


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laijsica
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April 20, 2024, 06:44:06 AM
 #116


Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.
Decision to gamble again with loan money to maintain balance is definitely a wrong decision for your friend as he should take more time for financial stability. First of all he should give more importance to his family so he should try to find a reliable source of income. The advice you give to your friend is definitely timely as addiction becomes a curse. In this situation you need to stand by his side and turn him away from gambling addiction or else he may go further towards destruction.
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April 20, 2024, 06:51:36 AM
 #117

I have even cried and I have to move forward, because losing money like that is difficult, I have lost more than what I have won, I cannot say that I have won big, what I have won the most has been 25usd and that is the equivalent so that I don't retire from the game at once.
Normally, we cry when we've worked hard the money that we used to gamble. And upon losing it, it's not just about losing the money but also losing all of the times that we've spent for earning that money and that's why we become emotionally which is normal when we realize at the end how we lost a lot even if the amount we gambled is small for the others. No effort can be par with that amount when it includes our time, effort, energy and attention.
It is normal when we feel sad because we have lost the money we earned from work to gambling. But that is the risk that we have to understand, so when gambling, we have to be careful in how we use our money. We cannot use a lot of money, especially since the money is our salary to gamble because there is a risk of losing the money.

We should have allocated funds for gambling and always try not to use a lot of money for gambling. After all, gambling is just for entertainment and not something serious for us. We also don't need to gamble too often to avoid excessive use of money.

When we appreciate the money we get from our work, we will definitely feel sorry for using it to gamble. This will make us always be careful when using money for gambling.

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April 20, 2024, 07:11:25 AM
 #118

~Snip~

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.
This is pure addiction and where most gamblers fails is having this mentality of playing more in other to recover previous losses, this mentality have led to so many gamblers losing even more than they would have lost if they stopped chasing losses.
Severally we have discussed on the effect of taking a loan to gamble because if you lose you will be faced with the trauma of your loss and the outstanding debts I have gotten yourself into , it can even make someone go crazy especially when your loan is due.

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April 20, 2024, 08:47:58 AM
 #119

...

I had suggested my friend to quit gambling and I had feel that he totally get addicted to the gambling.Which was the cause for the many high risk to get into the complete loss.But he clarify me,he had loss the money because he had follow the same betting strategy with the changing algorithm of the gambling site.From his experience,I had learned we should not follow the same betting style for the changing algorithm.

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

I am afraid your friend does not understand how truly the algorithm of those casinos and gambling sites truly work, and he is just trying to cope with reality and the fact he lost that much money. I don't know him, (obviously) but in my opinion it is fair to say he al already a victim of gambling addiction, because he has already caused financial harm to himself and his family and cannot yet realize the magnitude of the consequences of his actions.

Anyone with a minimum of experience with casinos (either online casinos or brick and mortar ones) will tell you how those games are designed not to follow any predictable pattern as he claims.
You have already done much by giving honest advice to your friend, but I am afraid that is not always enough to make someone to wake up and realize those mistakes. He may need the help of a professional at this pace if he continues to recklessly gamble instead working.

It is a very sad situation. I sincerely hope he can turn his situation around for good ...

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April 20, 2024, 08:51:28 AM
 #120

After losing in gambling? Nothing else except try to forget it, I know it it hard to do but it is better than forcing ourselves to recover what we have lost. Getting a loan is fine if it is used for daily needs but getting a loan to gambling again is false especially if we have no solid source of income that can cover the loan on time. The most important thing is not about strategy after losing, but strategy before gambling which is about how we need to do in all possible result when we are gambling.

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