Stop chasing your losses and use it as a lesson.

[mcdouglasx]

I don't know why there's so much fuss about losses, since it's the most common thing in the world of gambling. I think it's what you'd expect on a normal day: more losses than gains. Or at least we should keep in mind that we'll have losses, and for that very reason, we should be mindful when gambling, in a way that's moderate for our finances. That's no secret; even addicts know it. So we should just accept losses as a fact, or at least a very real possibility.

[Orpichukwu]

There is need for gamblers that are passing through problems to speak for themselves so that their problems do not get prolonged when solution should have been acquired. The only way people will stop chasing loses is when they have learnt their lesson from several mistakes they must have made in the past. Chasing loses is not good for those that have limited bankroll.

Some gamblers are not bold enough to speak for themselves; even if they are not bold enough, they should do themselves good and advise themselves against chasing losses. It's not being able to accept defeat that usually pushes some gamblers into always looking for a way to win back what they have lost, and they don't always learn from their mistakes even after some continuous losses.

[Hatchy]

But there is no guarantee that you are going to recover what you have lost in gambling, the best thing to do when you have gone on a major losing streak is not to continuously gambling with big stakes believing that you are going to recover because, that may not happen.  Take a break and critically evaluate your losing and use it as a lesson going forward and gamble within what you can afford to lose.Chasing your loses is like opening yourself to more loses, Gambling is not a do or die affairs because, what you should know is that, the Casino wants you to continuously gamble knowing that the more you gamble the more the Casino becomes richer and the more the Gambler struggle with regret.

The moment you try to avenge your losses and take your anger on the casino, you would end up losing more. A gambler should be able to control himself during losses. Making any rash decisions would not solve the problem but rather multiply it. If you aren't controlling your emotions as a gambler, it would simply take over you. That's why you should make sure to be aware that gambling is more about the losses than the wins. Anyone who tells you they make the wins more than losses probably is lieing.. you can accumulate your wins over time to balance your losses, but don't put too much hopes on it. You would only end up in losses..

[kawetsriyanto]

But there is no guarantee that you are going to recover what you have lost in gambling, the best thing to do when you have gone on a major losing streak is not to continuously gambling with big stakes believing that you are going to recover because, that may not happen.  Take a break and critically evaluate your losing and use it as a lesson going forward and gamble within what you can afford to lose.Chasing your loses is like opening yourself to more loses, ~~

Agree. Even if we try to recover the losses, there is no guarantee that we can succeed to recover it. In most cases, it only leads to more severe losses. Even more, we try more attempts with the same approach, it is very likely to result in other failures. Yep, the best way: to evaluate the strategy, accept the losses, and and take a break if needed. We don't force to continue it if we aren't in a good mood. Playing gambling must be with calm mind, so we can optimize the chance for the win and enjoy the game.

Chasing losses might feel like the right thing to do, but it’s a trap. After a loss emotions take over and you start making worse decisions.

Exactly. It is like a trap because it tends to lose more than to win. Sure, the problem is that we gamble with emotion and no calm mind. How someone can gamble properly in this condition? It is impossible to win with emotional approach. That's why we are always suggested to stop temporarily when we are emotional. Take a break and do evaluation should be the choice for the gambler!

[JiiBs]

I don't know why there's so much fuss about losses, since it's the most common thing in the world of gambling. I think it's what you'd expect on a normal day: more losses than gains.

Expecting more losses than gains might seem unreasonable and might make you question why you play, even though we can play for fun and would like to win majority of our bets. Having to expect more losses than wins ensures you are not disappointed each time you do make some losses and it makes you to play with money you can afford to lose because, you’ve already accepted losses to be a close outcome of your bets.

[cryptoaddictchie]

Gambling is a game of win and lose this is probably the first lesson anyone who is coming into gambling should learn first. Failure to come to terms with this reality will amount to disaster on the part of the gambler. Often times some gambler's are always trying to get back what they have lost in the process of gambling by continuously gambling, some even go further by increasing the stakes thinking that by doing that they are going to win and recover what they have lost in the process.

But there is no guarantee that you are going to recover what you have lost in gambling, the best thing to do when you have gone on a major losing streak is not to continuously gambling with big stakes believing that you are going to recover because, that may not happen.  Take a break and critically evaluate your losing and use it as a lesson going forward and gamble within what you can afford to lose.Chasing your loses is like opening yourself to more loses, Gambling is not a do or die affairs because, what you should know is that, the Casino wants you to continuously gamble knowing that the more you gamble the more the Casino becomes richer and the more the Gambler struggle with regret.

Thats a solid point about chasing losses and the need to step back, that part is spot on. One thing you could improve is tightening the message and there’s some repetition that slightly weakens the impact, and a clearer structure would make it hit harder. Still, the core lesson is important indeed and gambling should stay controlled, realistic, and never driven by desperation.

[Pi-network314159]

But there is no guarantee that you are going to recover what you have lost in gambling, the best thing to do when you have gone on a major losing streak is not to continuously gambling with big stakes believing that you are going to recover because, that may not happen.  Take a break and critically evaluate your losing and use it as a lesson going forward and gamble within what you can afford to lose.Chasing your loses is like opening yourself to more loses, Gambling is not a do or die affairs because, what you should know is that, the Casino wants you to continuously gamble knowing that the more you gamble the more the Casino becomes richer and the more the Gambler struggle with regret.

All what you have just Said is nothing but the truth, there is no guarantee that continuously gambling will result to more wining or recovering of loses, because Instead of achieving this, it will even result toore loses. The fact is that if you want to gamble just gamble but don't take too seriously because that will eventually leed to addiction and more loses in a long run.

[Jody.Drummer]

unfortunately this is something that a lot of gamblers would keep on doing even if you warn them about how dangerous it can be, gamblers find it hard to learn from the past or other people's experiences. chasing losses only leads to more losses in the long run amd people that do this repeatedly will continue to lose time and money. You cannot do the same things and expect a different result.

You make a fair point, we won't be called risk takers after all if we don't want to go back and somewhat play again without thinking that we go back because we wanted to take a "revenge' and recover what we have lost.

So it's going to be a cyclical, and even if we win and recover back, we will start a new chapter again and play and regardless of the result, winning or losing, we will all be suckered to go back. It's whether we accept it, or completely stop gambling so that we won't lose money after bouncing back.

One of the most impossible things in gambling is winning back what you have lost, and yes, that is the money we have bet. When the money we have bet is lost, there is very little chance of getting it back. Perhaps the chance is only one percent. And you're right about the new round that will be played again when you win. Basically, when we win, we feel the urge to keep betting, sometimes even forgetting the risk of losing or suffering an even greater defeat. We must be sure that when we want to gamble, we must be prepared to lose.

[bubilas]

Gambling is a game of win and lose this is probably the first lesson anyone who is coming into gambling should learn first. Failure to come to terms with this reality will amount to disaster on the part of the gambler. Often times some gambler's are always trying to get back what they have lost in the process of gambling by continuously gambling, some even go further by increasing the stakes thinking that by doing that they are going to win and recover what they have lost in the process.

But there is no guarantee that you are going to recover what you have lost in gambling, the best thing to do when you have gone on a major losing streak is not to continuously gambling with big stakes believing that you are going to recover because, that may not happen.  Take a break and critically evaluate your losing and use it as a lesson going forward and gamble within what you can afford to lose.Chasing your loses is like opening yourself to more loses, Gambling is not a do or die affairs because, what you should know is that, the Casino wants you to continuously gamble knowing that the more you gamble the more the Casino becomes richer and the more the Gambler struggle with regret.

It's very difficult for addicted gamblers to accept the idea that they need to stop and start taking effective steps to restore their lives and financial situation. I emphasize the word "effective," because gambling is a hobby based on luck, not a 100% guarantee of winning. Only hard work, persistent and consistent, can guarantee that money will be in their wallet. But this is very difficult for inveterate gamblers to accept. They often think that since it's easy to lose money in gambling, it will be just as easy to get it back. But this is a mistake.

[Big Dirams]

One of the most impossible things in gambling is winning back what you have lost, and yes, that is the money we have bet. When the money we have bet is lost, there is very little chance of getting it back. Perhaps the chance is only one percent. And you're right about the new round that will be played again when you win. Basically, when we win, we feel the urge to keep betting, sometimes even forgetting the risk of losing or suffering an even greater defeat. We must be sure that when we want to gamble, we must be prepared to lose.

Many gamblers fail to understand that gambling is all about luck and the appropriate way and appropriate means to approach gambling is by going in responsibly and playing or staking responsibly not by staking what we can not afford to loss and later fall into regrets and despair.
 Trying to chase after our losses by using the mindset of recovery our loss is a wrongful idea and such mindset will only put us back into more regrets and more loss, stake responsibly and always expect to loss and let not have the mindset of winning.
 Avoiding the urge to play more is a great idea and we should also know when to quit and when to go in again to avoid excess loss.

[imthegreat]

I don't know why there's so much fuss about losses, since it's the most common thing in the world of gambling. I think it's what you'd expect on a normal day: more losses than gains. Or at least we should keep in mind that we'll have losses, and for that very reason, we should be mindful when gambling, in a way that's moderate for our finances. That's no secret; even addicts know it. So we should just accept losses as a fact, or at least a very real possibility.

Yes, losing is very common, and most gamblers understand this. But! When you start playing for real money, every gambler's outlook changes dramatically. They start thinking, "I'm a nice guy, not like everyone else, and I'll get lucky. I'm special. And everyone else is a loser. The slots will spin as they should, and I'll make money."
Don't tell me that no one has ever thought this way while spinning the slots. Absolutely everyone thinks this way, and casinos are great at exploiting this. And imagine what goes through such a gambler's head when they... suddenly get lucky and win.

[Hardyrobust]

One of the most impossible things in gambling is winning back what you have lost, and yes, that is the money we have bet. When the money we have bet is lost, there is very little chance of getting it back. Perhaps the chance is only one percent. And you're right about the new round that will be played again when you win. Basically, when we win, we feel the urge to keep betting, sometimes even forgetting the risk of losing or suffering an even greater defeat. We must be sure that when we want to gamble, we must be prepared to lose.

Many gamblers fail to understand that gambling is all about luck and the appropriate way and appropriate means to approach gambling is by going in responsibly and playing or staking responsibly not by staking what we can not afford to loss and later fall into regrets and despair.
 Trying to chase after our losses by using the mindset of recovery our loss is a wrongful idea and such mindset will only put us back into more regrets and more loss, stake responsibly and always expect to loss and let not have the mindset of winning.
 Avoiding the urge to play more is a great idea and we should also know when to quit and when to go in again to avoid excess loss.

Yes gambling is a game of luck. Having this understanding will make a gambler not to put all his hope in winning rather whatever the outcome maybe. This will also make gambler to gamble with what they can afford to lose since they already know that gambling is a game of luck . Aside this the attitude of chasing after losses won't really be there. Many gambler do act impulsively by chasing after losses and end up losing more money because they relied so much on there gambling skills and forget that gambling is a game of luck.

[Yablee0]

If we have to say the truth I believe that we are gone pass where we have to keep repeating words over and over again, not sure there is anyone who is not aware that chasing losses is like going after your shadow it's not what you should run after by any chance instead you can say you want to hit bigger by consulting people who win more than you have ever done, so the chasing of losses thing in my opinion is like we are running round under a tree which is very insae to keep doing that.

If am not mistaken various cautions on many dude concerning chasing of their Lost has been sounding more like a broken record and likely has been discussed more than a thousand times on the forum of which I believe most of us if not all would have surposed to have learned by now.

Nobody chasing his lost and still came out lifely
or okay, something definitely must go wrong along the line, it's either you sacrifices your peace, your finances, your time name it, you certainly need to pay a supreme price while trying to chase your Lost so it's right we act responsible and stay safe in our daily games to avoid unforeseen and future challenges.

[Emeraldo]

This is another piece of advice that is good for not only gambling but also investing. Limiting losses with stop losses is a common tactic by seasoned investors to limit losses if things don’t go your way. Taking a 7% loss hurts, but taking a 60% loss because you kept doubling down hurts a lot more. We’ve all been there.

You are absolutely correct this goes for all levels of investors because the focus most times are usually are on the unnecessarily loses that are being encountered in the process investment, rather the focus should be on the wins and profit that can be realized from your investment if you focus on loses alone you might always want to be encountering loses  so even when it feels like there are few wins and more loses the focus still shouldn't be on your loses especially in your investments rather it should give you more strategies to tackle your loses and keep on pushing.

[junder]

When we gamble and experience defeat, we must be able to stop. It is important to know when to gamble, because if we don't, we can continue gambling even after experiencing defeat.
And the reason for chasing losses, in my opinion, is because of a misunderstanding, one of which is not being able to accept defeat and having high hopes of winning.
When we misunderstand, it will become a problem in the future, so consider gambling as nothing more than entertainment.

[bakasabo]

How many times do you think a person must fail huge while chasing losses, before he understand that it is no use and a strategy that will lead to nowhere? How many times it took you to understand that? I doubt that for someone it was enough only to chase losses once to see clearly that was wrong thing to do from the start. I doubt that there is a person who fully understand that chasing losses is a way to nowhere, because our greed is endless.

[Leahized]

We can advise people, but we cant change their decision, it it more better that we don't get misinformed right from time, so that we can apply the right approach towards the way we can manage our bankroll, we can ask around about those that have been chasing after losses if they ever made it or keep on trying, because at the end, we may not see gambling as being fun to play when winning is not coming.

Yes, it's not exactly what many people suggest and always stick to their own decisions. It has a good side, can't accept the advice of others if it ever fund loss. But it is possible to adapt even if you lose depending on your thinking and conscience. To be honest, I think those who run after loss always go for it. Especially it is always wrong idea but learning from loss is very important and it is not done by many. When you see that you start losing money in gambling, then there will be no fun in gambling and worry will start.

[fullfitlarry]

I don't know why there's so much fuss about losses, since it's the most common thing in the world of gambling. I think it's what you'd expect on a normal day: more losses than gains. Or at least we should keep in mind that we'll have losses, and for that very reason, we should be mindful when gambling, in a way that's moderate for our finances. That's no secret; even addicts know it. So we should just accept losses as a fact, or at least a very real possibility.

I think you missed the point, yes it's the most common thing is gambling, and there are only two outcomes: whether you win or lose. But in the latter, most gamblers doesn't like that kind of feeling. That's why they go and try to chase and hope that they can win it back.

So that is part of the mindset of most of us here. Yes, we should only gamble what we can afford to lose. We have been thought about that since the beginning. But very hard to control when you are in that situation. You really have to fight it out and stop and not to deposit and chase your losses right away.

[karabiber]

If a person decides to gamble, they have only one thing on their mind: winning. No one wants to lose, and no one wants to gamble if they know they will lose. However, even if people make smart decisions, they may not always be able to prevent their losses. This is a neurological condition. At this point, the brain's reward punishment system takes over rather than rational thinking. The gambler can no longer evaluate the odds dispassionately. After all, gambling begins with the hope of winning, but often continues with denial of loss.

[Antotena]

I don't know why there's so much fuss about losses, since it's the most common thing in the world of gambling. I think it's what you'd expect on a normal day: more losses than gains. Or at least we should keep in mind that we'll have losses, and for that very reason, we should be mindful when gambling, in a way that's moderate for our finances. That's no secret; even addicts know it. So we should just accept losses as a fact, or at least a very real possibility.

Why shouldn't people fuss about losses when they gamble more than they can afford to lose. That's the problem of any gamblers, they will risk everything they have only to cry later that gambling is different names. There is no way you are becoming that rich person with gambler, just accept the fact that you can't make wealth from gambling but if luck comes to you and it happens to you, then know that you are the lucky person but don't assume it will happen to you.

Gambling requires everything you can think about, even the money yiunar  going to lose you will lose it to casino which is why you have to gamble what you can afford to lose. You know the funny thing, many gamblers don't know how to play this rule of betting or gamble what you can afford to lose and hence this constant complains we are having all the time. We don't learn and that's the problem we have with this gambling.