Stop chasing your losses and use it as a lesson.

[bubilas]

Sometimes gamblers and bettors gamble because they want money to achieve their goals. For example, a guy wants Manila or a house and is short of a certain amount. Then he thinks that gambling or betting is a great solution for making money quickly and fun. And a small percentage of them actually place a bet and win. But they are a minority.
The majority, however, will lose and hope that the next gaming session will bring them a profit, but they lose again and again until they are left with nothing. It's a sad story about how money disappears simply out of greed and naivety. There are many such stories, and they will be repeated for years and hundreds of years to come.

[Zadicar]

Sometimes gamblers and bettors gamble because they want money to achieve their goals. For example, a guy wants Manila or a house and is short of a certain amount. Then he thinks that gambling or betting is a great solution for making money quickly and fun. And a small percentage of them actually place a bet and win. But they are a minority.
The majority, however, will lose and hope that the next gaming session will bring them a profit, but they lose again and again until they are left with nothing. It's a sad story about how money disappears simply out of greed and naivety. There are many such stories, and they will be repeated for years and hundreds of years to come.

On the moment that we do gamble then the primary goal we do have in mind is to make money or winning up a particular session or bets on which it is a normal approach. The main differences on here is on how a certain individual would be able to handle gambling itself specially on the moment or time that you are losing money because each person is different when it comes to tolerance specially on stress and anxiety. Some could be able to handle it and could move on easily without any issues but for most gamblers they would be ending up on becoming impulsive and would be making up that kind of approach on which you would be ending up on getting addicted and the worst is that you would be that keep on piling up your loses. Its recommended that once you do make up some engagement with gambling then make it sure that you wont be finding yourself having some issues when it comes to patience or simply on emotional aspect because this is where people do end up like shit.

[danherbias07]

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.

I agree. It's a fact. Also, I have experienced it many times, and the real trouble is when the game is getting longer, especially in slots. It will keep on eating more money until you are dried out. Minimizing losses is by stopping and not by playing continuously. Avoiding games like the casino and slots will be a good idea. Use them as entertainment only.

Sports betting is the best choice to avoid chasing losses because we can only focus on the games that we have knowledge of. Once they are done, we have no games to play anymore and nothing to bet for unless we will force it to the games that we have no idea about which for me is a stupid decision.

[Kelward]

Sometimes gamblers and bettors gamble because they want money to achieve their goals. For example, a guy wants Manila or a house and is short of a certain amount. Then he thinks that gambling or betting is a great solution for making money quickly and fun. And a small percentage of them actually place a bet and win. But they are a minority.
The majority, however, will lose and hope that the next gaming session will bring them a profit, but they lose again and again until they are left with nothing. It's a sad story about how money disappears simply out of greed and naivety. There are many such stories, and they will be repeated for years and hundreds of years to come.

Another problem is that many people who are seriously looking for quick money will hear that somebody hit the jackpot in the lottery and won millions or another gambled and won life changing amount, they will jump into gambling without proper knowledge. These people don't know that it is by luck to win and a lot of people tried but only very few actually won very big and it is the big stories that reached their ears. If people understand that there is no guarantee to make money in gambling I think they will not chase loses when they gamble, they will learn to be in control.

[rachael9385]

Not many people realize when they must stops gambling. Many will recover their lost although they understand it will difficult. But they consider that they may have lucky on chasing their lost and bring their money back.

If they could think twice about recovering the lost which may leads them to get more losses, they will not spend more money instead stop gambling and calming down themselves.

Increasing their bet will not be a solution but could makes them lose bigger than before. Stopping gambling for a while and calm down yourself will be better to be done.

You need to refreshing your minds, reducing your tension, and realize the fact that gambling is not for making money solution.

A lot of people don't know when to stop and this is a serious problem because they can keep on losing as a result of this.  like you said, it is important to stop gambling for a while when you notice that your gambling activities are making you lose more than what you are getting from it. instead of stopping some choose to increase their bets all because they are trying to recover, this  increases thr problem.

[Dunamisx]

I don't like some gamblers for something which is their persistence in making recovery even when it's seems to be odd enough for them to achieve that, there are situations whereby we only have to let go and move on and not to keep on the same issue without having anything that can come out of it, once we realize a lost then is not proper to be chasing after it except we are opportune to win unexpectedly.

[Orpichukwu]

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.

Not everyone knows how to share their problem; this is one thing I have observed about a few people, and some of them don't believe they can actually get help from anywhere, and when such a type of feeling is harboured inside of a gambler, it's hard for them to consider anyone as help until they are able to get away from that mentality.

[GiftedMAN]

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.

Not everyone knows how to share their problem; this is one thing I have observed about a few people, and some of them don't believe they can actually get help from anywhere, and when such a type of feeling is harboured inside of a gambler, it's hard for them to consider anyone as help until they are able to get away from that mentality.

Gamblers find it hard to talk about their problem some do that because they feel they will be mocked because of the amount they have wasted while others think you will end up blaming them instead of helping them to provide solutions to their problem, they take it personally to keep things to heart despite the burden and pains they pass through doing all of that. It takes a good relationship with them for them to speak to you in private.

[Wakate]

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

There are so many platforms gamblers can utilize to help themselves when they can not talk or share their issues with people around them with the fear their stories might be use against them when things started going wrong.
For those that have families, that are the people they can share their experience with if they want solution to their problem.

[imamusma]

~~

Not everyone knows how to share their problem; this is one thing I have observed about a few people, and some of them don't believe they can actually get help from anywhere, and when such a type of feeling is harboured inside of a gambler, it's hard for them to consider anyone as help until they are able to get away from that mentality.

Gamblers find it hard to talk about their problem some do that because they feel they will be mocked because of the amount they have wasted while others think you will end up blaming them instead of helping them to provide solutions to their problem, they take it personally to keep things to heart despite the burden and pains they pass through doing all of that. It takes a good relationship with them for them to speak to you in private.

It's true, most people fear being judged or blamed, especially when it comes from those closest to them. So it's no surprise that many gamblers choose to keep their problem to themselves and never talk about it with anyone. I think the reason many people never talk about their gambling problem is because of shame, the shame of having suffered too many losses. On the other hand, many people will set boundaries with gamblers, especially those who are addicted.

[Orpichukwu]

Not everyone knows how to share their problem; this is one thing I have observed about a few people, and some of them don't believe they can actually get help from anywhere, and when such a type of feeling is harboured inside of a gambler, it's hard for them to consider anyone as help until they are able to get away from that mentality.

Gamblers find it hard to talk about their problem some do that because they feel they will be mocked because of the amount they have wasted while others think you will end up blaming them instead of helping them to provide solutions to their problem, they take it personally to keep things to heart despite the burden and pains they pass through doing all of that. It takes a good relationship with them for them to speak to you in private.

You are right about that too; sometimes it's also because of how they have seen people who speak up being treated based on them trying to seek a solution, so instead of adding being disgraced to what they are already facing, they prefer to deal with it in silence instead until they see someone close enough who they can trust to share their issue with, and that's a very big problem we are having in the society today.

[GiftedMAN]

Not everyone knows how to share their problem; this is one thing I have observed about a few people, and some of them don't believe they can actually get help from anywhere, and when such a type of feeling is harboured inside of a gambler, it's hard for them to consider anyone as help until they are able to get away from that mentality.

Gamblers find it hard to talk about their problem some do that because they feel they will be mocked because of the amount they have wasted while others think you will end up blaming them instead of helping them to provide solutions to their problem, they take it personally to keep things to heart despite the burden and pains they pass through doing all of that. It takes a good relationship with them for them to speak to you in private.

You are right about that too; sometimes it's also because of how they have seen people who speak up being treated based on them trying to seek a solution, so instead of adding being disgraced to what they are already facing, they prefer to deal with it in silence instead until they see someone close enough who they can trust to share their issue with, and that's a very big problem we are having in the society today.

But the right thing is not for them to keep it to themselves because it's more dangerous if they don't find someone to talk to at least the person can criticize them but he will still try to help them to get better after all the criticism. Silence is not the best way it's better they accept being disgraced so they the shame will help them to stop gambling instead of dying in silence.

[Patikno]

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.

I completely agree with you, every gambler should be aware of the risks and consequences of gambling. Gambling is about winning or losing. If we are lucky, then we win, and if we are unlucky, then we lose. Essentially, it is the luck, and bad luck factors that determine the final outcome. So, when someone loses, accept it as a loss, and don't chase your losses, It should be better to calm down after the loss, then you can play again. Well, actually, everyone has the right to chase losses, but one important thing they should know is that they shouldn't chase losses when they are emotionally uncontrolled, and they shouldn't do it under duress. This means you must be responsible for your financial management, to remain a responsible gambler. Whatever we do in gambling, be wise, and you will see gambling as not your primary goal of making a profit.

[Agbe]

Unfortunately, there is nothing to learn here. Gambling is all about win and loss. The only thing worth learning is how to manage risk when gambling. Every other thing is controlled by the game providers and the players if it is sports betting. It is true, the most lesson learnt from gambling is never to chase loss. It only make the gambler, lose more. The same thing goes for chasing win. When the gambler tend to go for more win, rather than quitting when the time was right.

risk management is very important to have as a trader it is important to focus more the lessons learned and stop repeating the same things, gambling is all about timing, when you gamble always have it in mind that you are not in control of the game being it sports betting as well. this is a constant reminder why you cannot keep on chasing losses, because you are cahsing your shadows.

[GiftedMAN]

risk management is very important to have as a trader it is important to focus more the lessons learned and stop repeating the same things, gambling is all about timing, when you gamble always have it in mind that you are not in control of the game being it sports betting as well. this is a constant reminder why you cannot keep on chasing losses, because you are cahsing your shadows.

Risk management is very important not just for traders and gamblers alone but same goes to every other business out there that is depending on luck to achieve good result, if you have gotten your life lessons from the mistake of the past it's better you don't go back doing things the made out to do the mistake, If you are gambling with the hope of winning but you are not lucky to win it's better you stop gambling because it will only make you to lose more because you can't recover if it's not your Lucky day.

[LUCKMCFLY]

Not everyone knows how to share their problem; this is one thing I have observed about a few people, and some of them don't believe they can actually get help from anywhere, and when such a type of feeling is harboured inside of a gambler, it's hard for them to consider anyone as help until they are able to get away from that mentality.

It's a fact, and that's how it is; not everyone can go out and express what they want or what others can help them with. But there's something that must be clear: chasing losses is never the solution. It's a poor mentality to try to do that. When I started in the world of galmbling, I fell into that temptation, and it never went well for me It's something that shouldn't be done, not even as an experiment. Well, I recommend not doing it.

[Hispo]

Sometimes gamblers and bettors gamble because they want money to achieve their goals. For example, a guy wants Manila or a house and is short of a certain amount. Then he thinks that gambling or betting is a great solution for making money quickly and fun. And a small percentage of them actually place a bet and win. But they are a minority.
The majority, however, will lose and hope that the next gaming session will bring them a profit, but they lose again and again until they are left with nothing. It's a sad story about how money disappears simply out of greed and naivety. There are many such stories, and they will be repeated for years and hundreds of years to come.

Well, considering greed is as old as humanity itself. It is pretty safe to say greed and casinos will continue to be a profit as long as there continue to be human beings on the face of earth.

Also, there will be always people who will try to get as much money as possible from gambling because stories of success and people getting rich out of gambling become viral quickly, and nobody talks about the millions of people to lose money daily to their local casinos. For one to get millionaire the casino needs thousands or millions of people to lose their deposit, in order casinos and a few gamblers to get profits.

[Agbe]

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.

Disciplined gamblers don't really chase losses because ate always in control of their decisions, chasing losses is more of an act of indiscipline and those that are in control of themselves don't actually do such. Although it is always tempting to chase losses after losing especially when you end up losing a huge amount of money, that's the reason why we must always gamble with the amount we can afford to lose.

[fruktik]

I haven't been able to get back the money I lost. I've tried so many times, but the results are always negative. So I decided to stop this pointless pursuit. Currently, I can only lose a modest amount of money on slots, which won't affect my personal or family budget. I understand there's some resentment about what I lost, but this is the very trap that keeps players coming back again and again, making them addicted.

[Bd officer]

Actually gambling is very risky so you need to be careful beforehand. You should gamble with money that you can afford to lose. But if you aim to be rich and lose by betting a big amount then you will regret it. Anyway I want to share the story of a person from my area, I will not mention his name, that person was addicted to gambling and lost a lot of money, he thought he could recover the money he lost by gambling. But he lost more and finally he sold his house and gambled. So recovering is not that easy, if you are not lucky then you will just lose. I personally gamble for entertainment and I forget about the money I lost.