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Author Topic: Chased loss, got it back and lost everything.  (Read 538 times)
YOSHIE
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May 12, 2024, 01:49:51 PM
 #21

Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.
Ever, I think almost everyone who has ever gambled has experienced the same fate, it's really sad and very unlucky.
In my experience, at that time I bet on one of the slot games and I lost, two days later I tried two games at once on Plinko and Blackjack and I won on both bets, because I wanted revenge and wanted to chase losses in the slot game and I placed my bet, everything only lasted five times, buy the bonus, the remaining funds, I tried again on the automatic spin, it was sold out without any remaining.

I should have stopped playing at that time and finished all the games because I had covered the losses in the two types of games I mentioned, because I was emotional and greedy, that's what happened, everything fell apart.

Unlucky experiences like that, I think the average gambler has experienced big and small losses, what is clear is that gambling has both bad and good sides.

R


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May 12, 2024, 01:51:29 PM
 #22

As long as you are a gambler, you must have this kind of experience only if you have never gambled for up to 1hr. Gambling is all about winning and losing. It is either you experience both while gambling at a particular time or you experience them in different days. This is why it is good to be contented with the outcome of your bet. If you run at loss and you don't have any extra funds assign to gambling. You should stop gambling.

One the other hand, if you are lucky to win some amount of money be contended with that amount and walk away because you might end up losing it back to the casino, if you continue playing thinking that you will win more to what you have won already. It ducks when you find yourself in such state of losing back everything that you won on a seat. I have experienced it and planned never to gamble back with my win.

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May 12, 2024, 02:01:40 PM
 #23

Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.

Reading this guy confession https://www.gamblingtherapy.org/forum/topic/compulsive-gambler-chased-loss-got-it-back-then-lost-everything-again/ sometimes remind me of myself when I’m still not that fully taking control my gambling habits. I’m sure other players can relate to the part that you still keep playing after recovering your losses for a hope to win a little bit before you leave.
Is a coincidence? because this just happened to me about 1 hour ago. Starting in the morning I lost, in the afternoon I entered again and lost, in the evening I still entered a larger amount than before, and finally the first loss until the end was paid off with this win but instead of taking back the winnings, I instead increased the bet to be bigger. Feeling that the balance has doubled enough so that it doesn't feel like it has returned to zero. hahaha sometimes I laugh at myself after losing everything. This activity is not my type in general, but today somehow the desire to continue betting pushed me to do it.

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May 12, 2024, 02:07:31 PM
 #24

Yup, been there, seen that. The so-called recovering gambler who gets that rush from winning some money back and thinks, welp, maybe just one more spin of the wheel to really get ahead.  It's a nasty cycle, I know it all too well.  That little voice starts whispering come on try your luck again! Think of everything you could do with another big payout...  and  hard to ignore, right?  Even when you have the best intentions to stop, it finds a way to suck you back in.

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May 12, 2024, 02:13:04 PM
 #25

Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.

I am familiar with the kind of scenario on the title not from personal experience but from the experiences of other people. In this gambling discussion board, I have read very similar stories to know that nothing in gambling is ever in our control once we hit start. A compulsive gambler is already an irresponsible gambler whose end are always in a loss of money. It begins with placing a bet, losing the bet, chasing the lost bet, winning the bet, betting again and losing it. Something of this pattern and it starts all over again.

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May 12, 2024, 02:14:06 PM
 #26

this is common in gambling, where a gambler gets their money back after a losing streak but then they lose again and lose it all. indeed, this sounds funny, but that is what often happens in gambling and what we can do is minimize it by taking a temporary break when we win big, then we can play again when we are ready. and that's what i usually do when i win back my money from gambling, and i'll take a short break until i can play again.
Indeed, taking a short break can refresh our minds, and after playing again, can we control everything, basically the bookie has programmed the system? If you play again or chase defeat or chase victory in front of you, it feels impossible for you to get it, we should stop and no longer join in. There have been many victims who have fallen in gambling, if we have experienced a loss, we should accept it gracefully and not do it. return. This method is much better for your finances and makes a much more useful use of your money.

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May 12, 2024, 02:21:49 PM
 #27

Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.

Reading this guy confession https://www.gamblingtherapy.org/forum/topic/compulsive-gambler-chased-loss-got-it-back-then-lost-everything-again/ sometimes remind me of myself when I’m still not that fully taking control my gambling habits. I’m sure other players can relate to the part that you still keep playing after recovering your losses for a hope to win a little bit before you leave.
Read the guy's story and it was indeed pathetic. He has consistently tried his best to avoid gambling but addiction is such a strong feeling that can make someone think irrationally. When the feeling is triggered, it will take an uncommon dedication to stop that feeling. I have been addicted to something else not gambling so I can phantom how strong the feeling is.

Money is involved in gambling, that's why it is important to control it to avoid debt. If you don't control your gambling habit, it will lead to a financial crisis which is not a good condition. The fear of becoming broke or in debt has always guided me to follow my gambling budget. And the knowledge that you cannot pursue losses and successfully win the house has been my motivation not to pursue losses.
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May 12, 2024, 02:24:11 PM
 #28

As the title of the post says, many gamblers have experienced that severally before they begin to learn that, someone doesn't get all their loss entirely when gambling. If someone were lucky in that aspect, quitting would be a better option for them at that moment because the gambler will be betting out of excitement with huge money to win more without first analyzing their bets, which will make the gambler end up losing everything they once won, which will later turn out to be a shameful experience to them.

However, it is hard to quench to zeal of not to gamble more when you are in winning ways in gambling. What will come to the gambler's mind is to keep winning and never stop because it is their lucky day. The time it would occur to them to stop gambling is when their money is all gone.

R


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May 12, 2024, 02:30:23 PM
 #29

I have never gone into debt because of gambling, even when I was younger I could spend all the money I have at the moment, but that's it... until the new money comes in I don't gamble. It's so wrong to play with borrowed money, with credit cards, once you get into these debts it's hard to get out of them. A gambling loss doesn't hurt as much as a debt does, the constant reminder of that mistake.

But I understand this situation, it has happened to me many times that I am at a loss after several deposits and a lucky moment comes that gives me back everything I lost plus some profit on top of that... and instead of stopping and taking a break I continue to gamble and lose it all. It's happened to me too many times in my gambling life, that's why gambling is full of ups and downs. It's hard to be in control when we are losing, sometimes it's even harder to stay in control when we are winning and our heads are in the clouds.


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May 12, 2024, 02:30:40 PM
 #30

Severally I have seen gamblers win huge and later lost all and most of the people that always does this act are mostly those that plays casinos at gambling offices they will continue playing and losing and winning till they have emptied their pockets that's only time they will leave the office.
I do not know what you mean by casinos but maybe your are also referring bookmakers because I have some people that are only going for sport and have this habit. This is not just about casinos but about gambling and betting generally. If you have someone that like live matches and gambling very well, you may noticed that about him. Also if you know someone that like virtual sport like football very well, if the person is using it to gamble often, you will noticed that in him. It is not only about casinos.

You are right that it is not only casino games that gamblers tends to win and lose everything in the course of continuous playing, there are also other live games just like the one you mentioned and I highlighted, virtual football betting in my country is very rampant as a lot of young men devote most of their time playing this virtual football betting and they don't have anything to show for it, they literally get money from other sources and lose all to virtual football betting since the virtual football game is programmed such that within an interval of 5 to 10 minutes the result is out and you know if you win or lose unlike the live football matches that takes close to 2 hours before the result will be out.

Placing bets on live football matches is more preferable because before a match will start and end it will take time which means you won't be losing at regular basis but in casino or this virtual football betting, within an interval of 1 hours you must have lost huge amount of money.

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May 12, 2024, 02:33:05 PM
 #31

If you let your habit to slide on it's own then it's addiction and that's applies to someone who consider it as gambling, it's always important to be aware of your status or it's going to be cat and mouse game. Here the factor of greed led to be in this situation and mostly that's the case with gambling, we can't do anything other than taking it as lesson and hope will not be in the similar scenario.

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May 12, 2024, 02:35:36 PM
 #32

Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.
I put myself in the shoes of the gambler and can only imagine the morale boost he must have had after being able to chase back all his losses and get them back. He must have felt and become too confident in his abilities, and that overconfidence led to the losses.

It is not advisable to chase your limits, but if you do and you happen to win back all you lost, do not try to get too greedy again by trying to gamble more immediately. Take what you have recovered, try another day.

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May 12, 2024, 02:39:33 PM
 #33

Experienced it before, it feels assuring when you get back your losses after chasing it, then suddenly you become greedy because you feel lucky and feels like you will get more win but then you will end up lossing all of them lol. Fortunately that's just a small amount.

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May 12, 2024, 02:43:09 PM
 #34

Exactly, I am familiar with the sentence from the title you gave above, and I admit that it really happened because I also have one friend who has experienced such a scenario where at first he struggled hard to chase something that had been lost before but when he had succeeded in grabbing it instead of stopping and securing his money but what happened instead he continued the session even in an increasingly crazy way. And this is why we are always forbidden to chase the losses we have lost before, because the first thing that is really hard to ignore is "greed".

I'm sure that even if you've made it to the recovery phase, there will always be something whispering in your ear that will tempt you to continue gambling with the lure of a bigger win, but it's a fact that it's nothing more than a temptation that will trap you. Believe me, it's a cycle that will never stop if you don't stop it yourself, and if you can't stop when you've made a recovery then it's the same scenario as the OP where he ran out of everything.

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May 12, 2024, 03:21:24 PM
 #35

Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.

I can relate, and I'm sure many of us here, too, It is something inherent to us gamblers; it hurts when we lose money, and we remember those losses when we're having a stroke of luck in our games, so we try our luck by taking chances, but unfortunately it backfired that we eventually lose all our gains.

For a new gambler, it's very appealing, but for old gamblers who have already experienced what it is like, they avoid this scenario and don't want to be tempted to try to recover their previous losses. I already experienced this three times, and I don't want a fourth time.

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May 12, 2024, 03:27:35 PM
 #36

Anyone here familiar with this kind of scenario on the title? Just recently saw a compulsive gambler diary which he manage to recover everything when he chased loss then later on he loss it all.

Reading this guy confession https://www.gamblingtherapy.org/forum/topic/compulsive-gambler-chased-loss-got-it-back-then-lost-everything-again/ sometimes remind me of myself when I’m still not that fully taking control my gambling habits. I’m sure other players can relate to the part that you still keep playing after recovering your losses for a hope to win a little bit before you leave.

It is normal and that has happened to many gamblers,including myself.This happens because when we get back all of our losses we get a huge adrenaline and the dopamine that our brain has emitted during such time makes us feel really good.This makes us think that we will keep winning again so it is just a matter of time until we are back at it and while we are back at it,rarely we will witness another winning session,it simply most of the time does not happen.In such a scenario personally I say to myself since I got so much back,the max win should be right about the corner and this has led me more than one time to lose it all,so for me this is just a normal gamblers behavior.

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May 12, 2024, 03:39:36 PM
 #37

Snip


This happens because when we get back all of our losses we get a huge adrenaline and the dopamine that our brain has emitted during such time makes us feel really good.This makes us think that we will keep winning again so it is just a matter of time until we are back at it and while we are back at it,rarely we will witness another winning session,it simply most of the time does not happen.In such a scenario personally I say to myself since I got so much back,the max win should be right about the corner and this has led me more than one time to lose it all,so for me this is just a normal gamblers behavior.

I really this scientific explanation approach since I experienced this first hand and there’s something on my head that makes me want to continue further due to enjoyment.

It’s like all dark and cloudy on my mind when I’m in loss and chasing losses but it feels like heavy load unload when I finally catch up that’s why continue betting is very easy or even doing more risky bet because the mind has some chemical reaction due to stress that will makes you think to go further. Cheesy

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May 12, 2024, 04:14:00 PM
 #38

Every profits chasers can verily attest to had passed through this experience, especially the greedy gamblers.
I am a victim and has experienced it several times.
It do me so much good that I could advice myself to apply smartness while gambling in the sense that I should appreciate little profits and know when to stop gaming further so that I don't lost it all even to my capital.
So then I was able to differentiate smart-wise from greeds

Formally I have always wanted to accumulate big or bigger amount of profits before leaving but unfortunate that I lost them all off back to the casinos.

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May 12, 2024, 04:35:11 PM
 #39

Every profits chasers can verily attest to had passed through this experience, especially the greedy gamblers.
I am a victim and has experienced it several times.
It do me so much good that I could advice myself to apply smartness while gambling in the sense that I should appreciate little profits and know when to stop gaming further so that I don't lost it all even to my capital.
So then I was able to differentiate smart-wise from greeds

Formally I have always wanted to accumulate big or bigger amount of profits before leaving but unfortunate that I lost them all off back to the casinos.


This happens because in gambling, the principle is that every next step seems to be successful, and all the steps before that seem somehow unsuccessful and ill-conceived.
By "steps" I mean: another sports bet, one spin of slots, a bet on the casino table or a poker game.
Human psychology believes that each of us was a fool and now we have become smarter. And this is even when we are not developing our brains.

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May 12, 2024, 04:52:51 PM
 #40

This is always the end results of greedy gamblers.  I have witnessed gambling games and street gambling to be precised where a gambler wins and wins and still yet not satisfied with the amounts he won. He developed ego and pride and was boasting to win everyone again and again. He was not sensitive to know when to quit and leave with what he has won but rather he was boastful challenging everyone and it became obvious that they had a challenge him back and that was how he lost everything there and it was just like a dream to him that he lost everything on him called money. He was cold and left there with shame and they were laughing at him.
Sometimes it is good to be satisfied with what you have won matter how small or big it is. For the  fact that you have won first round is enough for you to call it a quit while others continue. Do not be greedy, have self control and quit immediately for your own safety.

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SPIN

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