Chased loss, got it back and lost everything.

[vs2014]

I have seen gamblers win big and then lose it all but in many cases they hold on to that money without spending it. But if you become more profitable and addicted to making lots of money, you will continue to bet until you lose all money or make double money. This is not really a result of gambling addiction but in most cases it can be because the gambler wants to win before he leaves the casino hall and your greed increases. Many people take money loans so that they can get back all the lost money, but it can be seen that they also have a big financial crisis.

[Assface16678]

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.

Sometimes, most gamblers don't even keep tracks of their gambling records; Yes! That could help you understand if you're making profit or not. Secondly, it could also help control your habits/ how much/ how often you increase your bankroll.

True, that's why I have my own records or I mean way of keeping track on what is currently happening to my finds in gambling, for example in a week I will allocate $100 worth of funds just for gambling and I have my spreadsheet for that week and every gamble, bet or what I always keep track on it, what amount I used and how much I lost or won, so basically all movements I do in gambling is recorded and from that I will saw if my capital is growing or not, I simply created my own spreadsheet will calculations and such, like an advanced spreadsheet well its easy for an IT graduate, anyway I would say that tracking is important if you value your money or if you want to know if your money is still good or not, in that way you will know when to stop or not.

[nelson4lov]

This happened to me last month and I've since taken a step back to do some reevaluation because it happened really fast and I made really stupid decisions.

• Took an L with Liverpool, got around 50% of lost value back with Leverkusen
• Decide to reach breakeven point by betting on Arsenal at home against Aston Villa. What happened? Aston Villa won 0-2 at the emirates.
• At this point, I got really desperate since I've not only lost the initial but even the 50% I recovered was lost too and I went all in on Inter. That's the day Inter drew 2-2 after a long winning streak.

I've always heard and read about scenarios like this in the forum but now, I have my own experience.

[Miles2006]

Interesting, this kind of gamble addiction need a great loss to stop gambling, the story is totally different from other addict sharing their experience. It seems the person in question want to try the possible best to stop but the urge keep coming or the mindset of wanting more, wanting more is never guarantee as this is one of the reason people still go back and gamble hoping for a positive result rather the person is growing an improper habit whereby they can’t do without gambling wins. I experienced similar story that happened in a casino shop, when the gambler won a bet he never expected but, the amount is worth gambling. This gambler had a wrong impression gambling again with the money he won the next day, everyone watched him finish everything again. I thought about gamblers who gamble and refuse to do something meaningful with the money because this is another problem most gamblers face.

[uneng]

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.  

Yes, it's a common scenarion faced by many compulsive gamblers. They just don't stop until losing everything, what means there are highs and lows along the way, which involve them being able to recover considerable sums of lost money, what increases their personal confidence and morale to continue gambling pursuing even higher goals, until the final loss inevitably hits them so hard that nothing else can be done, besides stopping gambling, since there isn't money available anymore.

In fact, it must be very rare to find a successful story of a gamble who got every of his losses back, and then quitted gambling from that moment on, maintaining a history of profit for the rest of his life. If you find a story like that, please share with us and don't hesitate in creating a new thread talking about this achievement, which must be one in one million!

[ultrloa]

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.

Yeah lots of us can relate that scenario since there are situations that we choose to continue then test our luck to recover our losses and all has been granted since everything is in favor on our side. But what bad thing happen is we continue to gamble and he greedy in situation since we think there's a chance to earn more.

But turns out we got out of luck and lose everything on hand. This scenario is really depressing and realization stage will come then we usually say after this that we will not do this actions again since we will experience the same unfortunate experience again if we continue to abusive or in out of control situation.

[Mrbluntzy]

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.

The idea that comes to my head sometimes is, let gamblers have a target of the amount they are expecting to win while they are gambling, so that if they have succeeded to win such amount, they can just stop and make due with what they have won. I know that it is not always certain that a gambler can win everyday but the person must also have it in mind that they can either win or lose but if luck favors them and they win, they should have a fixed amount to win before they can stop gambling. It will help them not to lose everything that have been won initially.

[passwordnow]

I actually thought that it's you before I open this thread. It didn't happened to me because I treat every loss as part of yesterdays and won't be looking back at it again. Those that are struggling to chase their losses, all you have to do is to stop recovering but to start a new start when you gamble. It's not going to be easy at the beginning but if it's going to work on you, make sure that you follow it.
I admire the courage of the guy to share his experience but it's easier to say on a forum when no one knows you personally and that's where I think he pulled his bravery. But as he's said, if you're able to chase your losses and successfully done it, never go back because no one is there to help you take them back again but only you.
If you like to have some headache then you do it repetitively because if you have been doing it so, you'll always take back those losses theoretically but you have no idea on how much struggle that you need to do because it doesn't stop there. It might become a cycle for you and becomes part of your moral thought that it should be done every time you lose.

[Casdinyard]

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.

Common story when you think about it. Cause more often than not a good amount of us people in here, even those who would consider themselves not addicted to gambling or responsible gamblers fall victim to this massive fallacy in logic. You already got your hands on the most money you could ever come up with or even wish of ever having, but because you're stupid with money and you suck at fathoming just how massive wins are in an industry that is designed to drain every single dime out of your pocket.

[Accardo]

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.  

Yes, it's a common scenarion faced by many compulsive gamblers. They just don't stop until losing everything, what means there are highs and lows along the way, which involve them being able to recover considerable sums of lost money, what increases their personal confidence and morale to continue gambling pursuing even higher goals, until the final loss inevitably hits them so hard that nothing else can be done, besides stopping gambling, since there isn't money available anymore.

In fact, it must be very rare to find a successful story of a gamble who got every of his losses back, and then quitted gambling from that moment on, maintaining a history of profit for the rest of his life. If you find a story like that, please share with us and don't hesitate in creating a new thread talking about this achievement, which must be one in one million!

That's not possibly easy to chase after the loss and regain the funds. It's always hard to achieve this, especially for naive players who don't know the ethics of gambling. Even the experienced players will as well find it very hard to achieve such a milestone. Due to the challenging aspect of gambling where the player wouldn't have a complete control over the results. Notminding how strategic his gambling strategy may have been prepared.

The right thing is forgetting about the losses and trying again another day. The fun continuous if we have the funds to gamble on a next session. Exhausting it all trying to recover all our losses only causes anxiety for the player and puts his gambling activity on a bad shape. What is most crucial is enjoying the process not focusing mainly on hitting back what we've gotten and lost. There are multiple possibilities that the player will still bypass his gambling limit and wouldn't stop even if he gets back the losses, which is rare.

[ralle14]

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've gone through that pattern countless times and now it has helped me take an extra step to withdraw everything to my wallet or store it somewhere else whenever I break even.

Despite knowing the risks, it's always easy to keep falling for these mistakes because we always want to make the most out of our luck, but we forget how luck can quickly shift the other way, and all it takes is one streak of losses to waste that opportunity.

[GreatArkansas]

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.
(...)

This is very normal for most gamblers, they were given hope but still lost it, some telling themself that once they already got it back they will stop but some don't do that, they still continue and after that, lose it. It's just sad to see these and I am really convinced that they really need help.

[irhact]

That's not possibly easy to chase after the loss and regain the funds. It's always hard to achieve this, especially for naive players who don't know the ethics of gambling. Even the experienced players will as well find it very hard to achieve such a milestone. Due to the challenging aspect of gambling where the player wouldn't have a complete control over the results. Notminding how strategic his gambling strategy may have been prepared.

The right thing is forgetting about the losses and trying again another day. The fun continuous if we have the funds to gamble on a next session. Exhausting it all trying to recover all our losses only causes anxiety for the player and puts his gambling activity on a bad shape. What is most crucial is enjoying the process not focusing mainly on hitting back what we've gotten and lost. There are multiple possibilities that the player will still bypass his gambling limit and wouldn't stop even if he gets back the losses, which is rare.

In most cases where individuals chase loses they tend to lose because at that point they might not be gambling with a stable mindset but post individuals have been lucky to win big when they decide to chase lose, although they might have lost severally on the process before they get lucky, if such luck happens it is expected that an individual should take their profit and leave but then greed comes in.

 In the scene that they'll want to win more from the profit they get from the act of chasing loses. I consider that a wrong act cause most times someone individuals end up losing a huge percentage of the money, that's a real definition of opportunity come but once  it would've been more safer if they just take profit and leave but they decided to be greedy and therefore lost, apart from losing such act could even make some become addicted.

[Nrcewker]

This happens with almost all the gamblers. Gambling lures you to play more even when you recover the losses. You only think to make little profits, but while chasing this unfortunately you lose all the balance. This happens with many gamblers many times. This is the tendency of all the gamblers I must say. What we can do here is that to withdraw little portion of the amount, so that we can use that to recover the money if by chance we lose it while gambling.

[wxa7115]

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.

This is a very common scenario, after all when people are chasing their losses, it is common for them to use martingale or some other betting progression, and the thing with those progressions is that more often than not you will recover the money you have lost.

The flaw of those strategies is only felt once the unlikely scenario of losing several times in a row actually occurs, so a gambler losing a lot of money, recovering it and then losing it definitely is probably the most common scenario there is when it comes to chasing your losses.

[Fivestar4everMVP]

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.

😂 Serious matter but always comes out very funny to me, this is thing with gambling and chasing after loses though, I've had a similar experience or scenarios on multiple occasions, but where mine never seem to bother me, or make me want to talk or discuss about is because the amount that is involved is always very small, since I don't gamble that much and when I do, I always do with a small amount of money.

But then, on several occasions, I've had to chase after some loses, which I many a times out of luck, end up winning back the money I previously lost, and sometimes with profit too, but the thing is tha, we never will stop gambling, even if one stop for that day and maybe the next day, and maybe even one week, the fact remains that, one day, you will return back to gambling, and when you do return back, you still might end up losing the money back and then you have to start chasing loses again, in the end, we discover we are just going round and round in one circle, and pray you are able to recover the loss again atleast, for there is always a high chance that in trying to win back your previous loses, you end up losing even more.

[Jody.Drummer]

This happens with almost all the gamblers. Gambling lures you to play more even when you recover the losses. You only think to make little profits, but while chasing this unfortunately you lose all the balance. This happens with many gamblers many times. This is the tendency of all the gamblers I must say. What we can do here is that to withdraw little portion of the amount, so that we can use that to recover the money if by chance we lose it while gambling.

That's right, it doesn't matter if you've managed to achieve a recovery but still in the end there will always be the temptation to continue, we must remember that a person is addicted when he manages to win which means that didn't achieving a recovery result because you managed to achieve several wins that made you achieve a recovery? Yes, it means that there is most likely an element that will make you feel addicted and maybe you think of continuing to not only come out with a recovery but also with another victory, but it is a fact that there is no guarantee for anyone to always be able to win in a row, which means there is a possibility that when you continue then a defeat can occur at that time which makes you have to lose the amount of recovery that you previously managed to get.

This means that you will most likely get emotional and go back to chasing the losses that you just incurred to recover your money and I would say that this is actually a cycle that is most likely to be experienced by gamblers who are always greedy, instead of leaving and securing the recovery that you managed to get but you continue again and it is only natural that you end up losing again, meaning that whatever success you achieve in gambling is all useless if you basically cannot ignore the greed in you.

[Zigabel]

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.

This has always been the reason why most times gamblers are advised not to chase losses because it most times don't get to end well with them because even if you get to recover your losses at the next trial, it takes Strong psychology to exit after recovering because at that point you may be tempted to think you now have the blue print a d would want to attempt it again after your recovery only for you to get to loose at that point and would want to find where to throw blames around but if you had not chased losses, you wouldn't have wanted to try again after recovery.

Chasing losses has never been a good approach to gambling, it has most times turned out to the dis advantage of the gambler and that's why they are mostly advised to not engage in such so they still have the chance to try again another time in a better mind.

[Ruttoshi]

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.

The idea that comes to my head sometimes is, let gamblers have a target of the amount they are expecting to win while they are gambling, so that if they have succeeded to win such amount, they can just stop and make due with what they have won. I know that it is not always certain that a gambler can win everyday but the person must also have it in mind that they can either win or lose but if luck favors them and they win, they should have a fixed amount to win before they can stop gambling. It will help them not to lose everything that have been won initially.

Having a target on an amount that you can win is not a bad idea but it will only lead you to addiction, because you will continue playing to make sure that you hit that amount which might no be possible. You should also consider that gamble is not a guarantee that you must win which is why you don't need to set an amount as your target to win.

The best way to gamble is for you to gamble with an amount that you can afford to lose, and also accept the outcome of your bet, so that if you lose you walk home happily, and if you win, you will be satisfied with whatever amount that you won either big or small.

[zuzie]

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.

This is a normal thing and must have been felt and experienced by all gamblers including myself, yes at that time when I was gambling I lost several bets but after I wanted to end the game I was sure that if I bet one more time I would win and then I followed my own instincts and obviously I tried to bet again even if I only used a little money and in the end I won and I was definitely happy and I was even more confident that I would win again and to the point that I would forget that I had to stop gambling, and when I saw the remaining gambling results, I realized that I had to stop immediately and go home to enjoy the results and come back again when I was ready to gamble again.