Stop chasing your losses and use it as a lesson.

[justdimin]

This is a very accurate expression that characterizes the psychology of gamblers—the inability to accept defeat.

But is that not stupidity? Is it really a stupidity. When they can not win the house, they do not want to accept the defeat. It is not a stupidity for a newbie gambler that first experienced it and learn from it and not make such mistake again, but it is stupidity for someone that has experienced it before but not learn from it. They will only just repeatedly continue to lose money until they are broke again. This kind of people are always broke.

Honestly it is not "stupidity" but more like addiction. Addiction could make anyone do anything, like for example, if you are using drugs you know that it will kill you eventually, so there is really nothing that they do not know, you think they are taking drugs because they do not know? They know and yet they still do it because that's how they are addicted. In this case, it's not your life but your money that is in risk, and yes they know they can lose more and yet they are addicted so they can't stop.

Due to addiction, gamblers will search for justification for their actions where chasing loss must be just another reason for continuing gambling but the reality is, they are well aware of the final results but urge of gambling pushes them to gamble again and again. Overall, curing addiction slowly may solve all of these where professional's help is mandatory in severe cases.

[cxtreenal]

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..

One way to control yourself when you are losing money in gambling is to stop playing. It is the most difficult thing for gamblers to stop gambling at this time because they are constantly losing money and they need to recover that money. The situation changes as the amount of losses increases in the moment. Even if you start gambling for entertainment purposes, you can become excited as the losses increase. This is a dangerous stage of gambling.

A gambler needs to maintain self-control to control his emotions when he loses in a gambling game. This is a special quality that allows you to immediately stop yourself from losing and prepare for the next time you play.

[lombok]

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..

One way to control yourself when you are losing money in gambling is to stop playing. It is the most difficult thing for gamblers to stop gambling at this time because they are constantly losing money and they need to recover that money. The situation changes as the amount of losses increases in the moment. Even if you start gambling for entertainment purposes, you can become excited as the losses increase. This is a dangerous stage of gambling.

A gambler needs to maintain self-control to control his emotions when he loses in a gambling game. This is a special quality that allows you to immediately stop yourself from losing and prepare for the next time you play.

The inner strength required when confronted with the harsh reality that one is likely to lose the power to be lucky is immense. Disillusionment should not be depended on to be changed into aggression that will drain whatever left of the capital. To establish a solid point of stop loss is an indicator of respecting ones limits. It is much better to be mentally prepared to play it tomorrow. We have to be capable of controlling our emotional cycle so that we can be stable even when things are not working out as we had originally intended.

[348Judah]

If we keep saying this over and over again, it does not refrain people from performing what is in their mind to do, the intention each everyone of us have over gambling are quite different, some may see gambling as what is meant to be a source to them, because they are been pressed by the economy hardship in their country, while some may have another interpretation to what they believed gambling to be, therefore if you see someone today after losses, then it shows a wrong approach and mentality had been in place already by the gambler.

[EarnOnVictor]

Chase your losses and lose more.  This is not a jest, it's a tested fact. I call this a revenge, and in risky activities, except you have the luck once in a while, it has always been more losses when you try to revenge. As you said, it's better to take it calm and probably let it go, but learn from it so that the losses will not occur again in a big form. One of the ways to achieve this is to be disciplined and prioritise responsible gambling. You need to enforce the caution and make sure your managerial skill is intact.

[Muba20]

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..

One way to control yourself when you are losing money in gambling is to stop playing. It is the most difficult thing for gamblers to stop gambling at this time because they are constantly losing money and they need to recover that money. The situation changes as the amount of losses increases in the moment. Even if you start gambling for entertainment purposes, you can become excited as the losses increase. This is a dangerous stage of gambling.

A gambler needs to maintain self-control to control his emotions when he loses in a gambling game. This is a special quality that allows you to immediately stop yourself from losing and prepare for the next time you play.

The gambler should remember that no matter how hard he tries, if luck is not on his side, he will only lose. And when luck is bad, the more aggressive the gambler is, he will lose more. Gambling can lead to losses, but if the loss increases or exceeds his limit, the gambler must stop. We often see that some gamblers cannot accept their losses in any way, and when they lose, they try to recover the money they lost. In such a situation, the gambler loses control over himself. The habit of chasing losses can develop in gambling, but that too must be kept under control.

[yixichloro2xx]

‎I agree with you, winning through gambling is never guaranteed, it like 50/50 on luck. At times people often forget that loses are part of the game and from there they will start to chase their loses hoping they can recover back. They will increase their stakes out of frustration, once emotions take over logic disappears. And this mostly happens especially if they see others winning and they aren't or they are taking bad advice from their friends. As a gambler its good to have a limit, know when to stop when you feel are losing more than winning. Gambling should always be treated as entertainment not a rescue plan.

[Dr.Bitcoin_Strange]

If we keep saying this over and over again, it does not refrain people from performing what is in their mind to do, the intention each everyone of us have over gambling are quite different, some may see gambling as what is meant to be a source to them, because they are been pressed by the economy hardship in their country, while some may have another interpretation to what they believed gambling to be, therefore if you see someone today after losses, then it shows a wrong approach and mentality had been in place already by the gambler.

That's the point bro, you are right, people would see it and handle it the way it is on their mind but if they still do that with discipline and a responsible approach, they won't regret their actions because they won't chase loses, they will only play with spare money that they can afford to lose while hoping that a win could still come out of it. It's not that bad for someone that handles gambling responsibly.

[noormcs5]

Chase your losses and lose more.  This is not a jest, it's a tested fact. I call this a revenge, and in risky activities, except you have the luck once in a while, it has always been more losses when you try to revenge. As you said, it's better to take it calm and probably let it go, but learn from it so that the losses will not occur again in a big form. One of the ways to achieve this is to be disciplined and prioritise responsible gambling. You need to enforce the caution and make sure your managerial skill is intact.

Most gamblers will learn it the hard way, that is they will first lose and then chases loses and then lose more. Once they experience this a few times, they will realize that chases loses will make them lose more.

Even worse, some may never realize their mistakes and they will think that chasing losses is the only way to recover the loss and they will blame only their luck for that. They will never understand that they need to change their habits if they need to have better results in gambling and the first step to it is to stop revenge gambling.  

[Iranus]

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

The problem is chasing loss that people are tempted to bet bigger to recover their loss. This determination push people to face even bigger loss and mental stress. At that time people usually make decision based on emotion rather than logic. They have a misconception like Gambler's Fallacy. somethin like I have lost a lot, so this time I am sure I wll win. When they get stuck in this belief their judgment is completely impaired

I think the smartest move is to take a break as you said, respect your own limitation and just accept the loss as an expense of entertainment. No one can guarantee that the next bet will make up for the previous loss. Every spin or match is completely different so trying to recover the loss can make the situation worse. If you can control this tendency and when you can decide to back off then gambling will become enjoyable instead of bad

[Oluwa-btc]

But gamblers are chasing losses in reality, and there's nothing we can do with that. Even the most disciplined gambler still chase his losses at times, so at this point, no matter how often we hear this reminder, still people would gamble and would chase losses after.

The only thing we can do is to learn from it, and realized that the more we chase our losses, the bigger the losses becomes. And the bigger the losses turned out, the more we end up regretting, wishing we could be good manager of our emotions.

Since Gambling is for wins and losses,every gambler is expected to win or lose.The most important routine in gambling is not to be accompanied by the same losing mistakes over and over again.Chasing losses is the fastest way to experience the hell out of gambling.The moment your brain projects you into chasing losses,just know you've lost it or you're about to lose it(control).

[NurseHub]

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.

Yes, I agreed with you, chasing losses is opening room for more losses. As a gambler, it doesn't matter what motive took you into gambling or what you expect, but it should be of good knowledge to understand that gambling is not your source of income, and trying to recover all you have lost will only lead you to losing more. A good gambler sets rules, limitations and a budget, whatever you may call it, but doesn't chase losses because it's the biggest mistake. A casino doesn't show mercy; just because you have already lost a lot doesn't give you the will to recover your loss. Tensions can make you as a gambler not think directly, so you should master stopping when it's no longer fun but exhausting.

[Africolo]

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.

Gambling has to be done continuously before you can win if a gambler doesn't chase losses he can never win because for you to recoup whatever you have lost then you have to chase games and like you rightly said gambling is all about loosing and winning and the high time a gambler bears that at the back of his mind the better for him or her, one can actually be gambling for years without winning if you don't have luck on your side so that's why it's advisable for one to gamble with what you can afford to loose without having regrets or high blood pressure if you loose at the longrun.

That one continues to chase looses doesn't mean he will even win at the end of the day and most times it makes the gambler to lose more money in course of chasing games to win and recoup what he has lost so far, but when a gambler is on a loosing streak and winning is no longer coming it's best he takes a break for the time being to evaluate and reanalyzed games before playing again when he is mentally stable, if we continue chasing our loses we enrich casino owners the more when we loose so we should curtail how we chase our losses in other not to loose more.

[Wakate]

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.

If a gambler can not speak for themselves then they are not supposed to be gambling. Anyone that can not tell people around them about what they are passing through in life can come online in a faceless community like Bitcointalk to express their problem so that they could get help from people that might have been in a similar problem before with their our ways of getting a breakthrough.

[Lida93]

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.

If a gambler can not speak for themselves then they are not supposed to be gambling. Anyone that can not tell people around them about what they are passing through in life can come online in a faceless community like Bitcointalk to express their problem so that they could get help from people that might have been in a similar problem before with their our ways of getting a breakthrough.

There are anonymous platforms where people share their experience and issues that are a burden to them which they can't speak out to someone closely known due to personal reasons. Such people have anonymous sites and platforms for help as users there would be willing to share insights and advise that would be helpful. The world has advanced and has provided different avenues through which people can speak out on what's eating them up without having their identity shown if that's why they're afraid of speaking to someone close

[Furious 7]

But gamblers are chasing losses in reality, and there's nothing we can do with that. Even the most disciplined gambler still chase his losses at times, so at this point, no matter how often we hear this reminder, still people would gamble and would chase losses after.

The only thing we can do is to learn from it, and realized that the more we chase our losses, the bigger the losses becomes. And the bigger the losses turned out, the more we end up regretting, wishing we could be good manager of our emotions.

Since Gambling is for wins and losses,every gambler is expected to win or lose.The most important routine in gambling is not to be accompanied by the same losing mistakes over and over again.Chasing losses is the fastest way to experience the hell out of gambling.The moment your brain projects you into chasing losses,just know you've lost it or you're about to lose it(control).

You are right, the important thing to note is not to make the same mistake repeatedly. People who gamble have definitely made mistakes, and that should make them realize and have the intention to improve. However, on the other hand, there are still people who insist that they can win at gambling, which results in them continuing to place bets without considering the risks.

Chasing losses is the wrong thing to do. It's like going against the nature of gambling, where players essentially have a lower chance of winning. So forcing yourself to win is like forcing yourself to be lucky.

[Jody.Drummer]

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.

The misconception that gambling should be considered entertainment but is instead seen as a means of making money is widespread, and yes, they tend to bet money beyond their means in the hope of winning to improve their situation, but this only makes things worse. In such situations, there is a possibility that they will not be able to accept the disappointing reality because they initially did it to earn money, and the action most likely to be taken is to gamble again with the principle of chasing victory. This is where chasing losses occurs because they cannot accept defeat.

[Mr_Brilliant$]

But gamblers are chasing losses in reality, and there's nothing we can do with that. Even the most disciplined gambler still chase his losses at times, so at this point, no matter how often we hear this reminder, still people would gamble and would chase losses after.

The only thing we can do is to learn from it, and realized that the more we chase our losses, the bigger the losses becomes. And the bigger the losses turned out, the more we end up regretting, wishing we could be good manager of our emotions.

TBH, chasing losses is almost natural for gamblers..  It is hard to lose money and just walk away, even disciplined people fall for it sometimes.. But the truth is, once you start chasing losses, the situation will always usually gets worse..  One loss leads to another, and before you know it, the regret I will be bigger than the original loss..

The real thing is not to avoid losses completely, because losses will happen..  It is just learning to know when to stop, accept the loss, and move on.. Most damage is not from losing, but from refusing to accept it..

[davis196]

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.

Are you trying to teach gamblers about chasing loses? Just don't be too preachy about it. There have been hundreds of forum threads about the same subject and nobody has ever achieved any success at teaching the gamblers how to stop chasing loses. Gamblers are notorious for having impulsive behavior and failing to follow someone's advice. Simply telling the gamblers "don't chase your loses" won't do the work.
Money is what makes a man act funny. If you lose in a computer game, you won't start playing until you win, but losing money at the casino is a different thing. There's no easy cure for the "chasing loses" attitude and there's no easy cure for gambling addiction.

[Odusko]

Sometimes what I always tell those who are just coming into gambling and their are experiencing loses that they are paying for they lessons this is very important, because without the experience there is no way anyone can make head way in gambling most especially when the loses becomes higher than the winnings one need experience to keep themselves going ahead of the time.