Why do gambling addicts often believe they can “win back” losses ?

[Julien_Olynpic]

People are susceptible to cognitive biases and believe what they want to believe. However, they often don't realize how irrational or even misguided their beliefs are. Only dramatic events involving the loss of part or all of their capital can disabuse a person of these illusions, and often it takes several losses. When a person is lucky, they feel like a god; when they lose part of their capital, the belief in the possibility of recovering their losses arises naturally.

[fullfitlarry]

People are susceptible to cognitive biases and believe what they want to believe. However, they often don't realize how irrational or even misguided their beliefs are. Only dramatic events involving the loss of part or all of their capital can disabuse a person of these illusions, and often it takes several losses. When a person is lucky, they feel like a god; when they lose part of their capital, the belief in the possibility of recovering their losses arises naturally.

And as a gambler, we all have that kind of mindset, otherwise we won't take that big risk. It's like our minds are playing tricks on us, but I guess that's also part of human nature. To follow what we believed is right, but knowing that it is irrational and biased.

Maybe there are few who get back their losses, but then again if you have experienced that, then you will go on the cycle of repeating that same lost-recovery cycle until you can't control it anymore and losing more what you recovered.

[Orpichukwu]

People are susceptible to cognitive biases and believe what they want to believe. However, they often don't realize how irrational or even misguided their beliefs are. Only dramatic events involving the loss of part or all of their capital can disabuse a person of these illusions, and often it takes several losses. When a person is lucky, they feel like a god; when they lose part of their capital, the belief in the possibility of recovering their losses arises naturally.

And sometimes even after a heavy loss, some still don't realise they are chasing an unrealistic dream; they still believe there is something they are missing, and if they get it, then it will go all right, not realising how deeply in loss they are running. And when they finally do, it will be hard for them to easily forget the loss; they will start chasing their loss, thinking it could be recovered, and the more they try, the more the loss will keep on expanding.

[cxtreenal]

Why do gambling addicts often believe they can “win back” losses despite statistical odds being against them? Is it because a weak mind or lack of will power that they have these doubts ?

Before you find the answer to this question, ask yourself why you keep gambling. If you can understand that, it will be easier for you to find the answer. When I started gambling, it was a fascinating time for me and a test of luck. A process of verification through which I indirectly saw how lucky I was. Since then, I have been involved in the gambling industry with continuous efforts.

Not all gamblers are addicted. Check the statistics of those who are addicted, most of them were incompetent and gambled randomly. They believed that luck was responsible for winning or losing in gambling. Another sign is that they gambled only for the purpose of earning. The main reason why addicted gamblers keep coming back to gambling is that they believe that they will win in the next bet and will be able to recover all the losses. And they become mentally disturbed due to huge losses.

[vanesha]

Why do gambling addicts often believe they can “win back” losses despite statistical odds being against them? Is it because a weak mind or lack of will power that they have these doubts ?

The main points are belief in winning again and a strong desire to become rich. These two traits definitely exist in gambling addicts, which is why they are unable to think of a good strategy when gambling. Instead of truly trying to beat the gambling system, they choose to become beggars to it. Honestly, with addicts like this, I even wonder whether they can recover from that kind of mindset.