Stop chasing your losses and use it as a lesson.

[Nothingtodo]

You should never bet in pursuit of loss recovery because in this case, you may face more losses while trying to recover your losses.
If you follow the same method when investing, there is a high possibility of losing money, especially if you have invested in an altcoin, and if that investment becomes a loss and you intend to invest in altcoin again to recover it, then your chances of losing money will be much higher. So if you lose money gambling, you must take a break and decide what action you will take next. You should prepare yourself in such a way that even after losing, you will not repeat the loss a second time in the future.

[Olatundespo]

I want to say that even if anyone wants to chase their losses, they should be with responsible tactics as they can afford to lose, and for this, they can set a budget for their gambling bankroll. Now, if they lose all their gambling bankroll, then they should stop their loss chasing on that point.
But if we goes with the unlimited loss chasing options, then that will be irresponsible gambling. In that case, there is a  high chance of being big losses in a long-run and as well also being addicted person on gambling and we all know the bad impact of all theses.

The point is that responsible gamblers do not chase losses. They naturally gamble for entertainment. At some point the gambler will not be limited to his limits if he will not responsible. Determine what your strategy should be to manage the risk of losing funds in gambling. The best way is to have a fixed bankroll in gambling that you are mentally prepared not to gamble beyond.

Going beyond the limit is not only financially harmful, but it can also lead to personal and social harm. A gambler needs to understand that he has to keep himself within a limit. If he crosses the limit, he will have a bad time and prepare in advance for this. If an addicted gambler admits that he is addicted, it will be easier for him to correct himself and he will not chase unlimited losses. He will try his best to control himself and be responsible.

[justdimin]

If you have already advised yourself to take a break and stop trying to recover your loss I must say you have already won; you have won against that thrill to go after what can't be recovered, and you will continue to gamble henceforth, knowing fully well that the money you spend in gambling can't be recovered, and that will help you moderate how much you spend, as you need to check and balance all the time not to spend what will push you into having a thought to chase your losses.

This is the right answer. If you can stop, even with all that life throws at you, then you are going to be fine in the end and you are a great person. Anyone who was addicted to gambling and still managed to stop, is a great human in my eye, they are an amazing person who had an amazing achievement. Life is mostly boring, we work, we come home, there are troubles, and it's endless.

Month after month there is something bad happening, like yeah it is not a big deal but this month is my tooth broken, I will need to get it made again, not a big deal, but life always find small or big bad things to throw at you. It's at that time if you can stop and not go back to it because of psychological damage that you are feeling, it is going to be fine.

[allthebitandbobs]

Some will insist on not accepting a defeat from losing their bets, therefore they are determined to continue chasing after their losses with the hope of having a recovery from what they've missed out. In contrast, it is not so in gambling because we cannot chase after the losses unless we are winning by luck, to recover is not that easy to achieve. After all, in gambling, it is easier to lose than to win.

Determination doesn't get you anything in gambling, but most people don't get this. They believe that if they stay determined and keep trying, they are eventually going to make it and recover what they have lost so far. Some people might experience a magical recovery process and get everything back and even get some profit as well, but that happens once in a blue moon, so it's not a common occurrence.

This is why when someone loses money in gambling, they should basically forget about it and they will be better, when they chase their losses, they might lose more than what they had lost earlier.

[Jubilee58]

In gambling, chasing losses has never been a good method of gambling and does not show any sign of discipline in ones gambling lifestyle. When you gamble and you experience loosing streak, it is adviceable to take a break because winning a bet most times is luck , because no matter how appealing your prediction may look like , that game is liable to fail when you are not lucky. It is necessary you take some break while loosing and try some other time maybe you are not lucky that very day to win.

Chasing losses is a wrong method of gambling and will make you to loose more money instead of making profit.

[icebar]

Chasing losses is a wrong method of gambling and will make you to loose more money instead of making profit.

After losing few bets, there may naturally be an attempt to recover some of the losses. But if the gambler becomes too aggressive in recovering his losses, then even if he wins a few bets, he will definitely lose again and at some point, his losses will increase even more. Trying to recover losses will lead the gambler to long-term losses. If the gambler loses a bet, he should take a temporary break. If he loses more than he can afford to lose, then he will have a strong desire to chase, which will later lead him to bigger losses.

[silpersurfer]

Losing in gambling often doesn't stop at the "result of the game." For some, that's precisely where curiosity begins to grow. I've been there — when I lose, I want to go again, not stop. It seems like there's a question left unanswered: What if I win this next round? This is what compels me to play and keep putting money in, as if I’m just one round away from winning.

But then I get another loss, and I realize that it’s no longer fun curiosity. It gradually changes from a feeling into a strong need to recover the lost. The game is not where we want to be, but the losses we feel owe us immediately.” “No,” says the dealer. At this stage of the game, emotion tends to trump reason — people may bet more, become more impulsive, and the hope of ‘getting your money back’ could in fact lead to even bigger losses.

In the long run, self-control is much more precious than a fleeting win, because it is without self-control that gambling can descend into regret. That’s what I’ve experienced and what I’ve felt.

[Churchillvv]

Chasing losses is a wrong method of gambling and will make you to loose more money instead of making profit.

After losing few bets, there may naturally be an attempt to recover some of the losses. But if the gambler becomes too aggressive in recovering his losses, then even if he wins a few bets, he will definitely lose again and at some point, his losses will increase even more. Trying to recover losses will lead the gambler to long-term losses. If the gambler loses a bet, he should take a temporary break. If he loses more than he can afford to lose, then he will have a strong desire to chase, which will later lead him to bigger losses.

Well I believe in luck and once that luck is exhausted you don’t even have to loss too much to know that your luck is not that much anymore so you can drift around and make another decision like, maybe playing a game for fun than gambling or doing what we call chasing loses, but some people will never agree that they are chasing loses instead they will argue and say it’s consistency and then loss more and more. It’s not a do or die thing if you loss, go home if you are in a physical casino, while online, leave it and focus on something else.

[Joeboy]

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.

That's right...And honestly I think that misinformation is what makes most folks to be so desperate after recovering their losses. Prior to gambling, some folks probably where told that gambling is one of the fastest ways to make money and when they come into gambling with this mindset, they keep repeating the same pattern which is them chasing their losses, just because they want to actualize what they were initially told, which is that gambling gives quick money...But then gambling doesn't work like that, losses is part of the game, honestly, no matter how experienced and skillful you are, you still cannot escape losses, that is why folks should always be ready to accept whatever amount of loss they encounter..

[Dunamisx]

There's no much benefit in chasing after losses in gambling because we are expected to have this already in mind that we are using our money to gamble and it's either we win or lose, but even though some were aware of all this, they still go ahead to prioritize getting money from gambling by chasing after their losses rather than having it as fun.

[blockman]

There's no much benefit in chasing after losses in gambling because we are expected to have this already in mind that we are using our money to gamble and it's either we win or lose, but even though some were aware of all this, they still go ahead to prioritize getting money from gambling by chasing after their losses rather than having it as fun.

The only benefit that we get from chasing our losses is that we've got an extended period of having fun. But that fun is going to be at our expense because usually the results when we chase them is that we'll lose more. So, if you're a gambler that's prepared for that, you should remind yourself that it's not always ending good if a gambler chases their own losses. Even if you're the most optimistic person in the world, that won't be enough and that optimism of yours is going to destroy your mood once you start losing more than what you've expected.

[Issa56]

Gambling is a game of win and lose this is probably the first lesson anyone who is coming into gambling should learn first.

Some people know that gambling is a game of win and lose, but the problem am always having with them is that they are always so desperate to win whenever they are gambling, they are just ready to do anything just because they want to win, and they don’t know that things don’t work like that, you can’t be winning always, there are some time that you just have to stop gambling whenever you notice that your lose is too much.

If you are a gambler, you should expect loss, there is no way you can avoid loss, so you just have to be prepared for it, but when you notice is getting too much, then just stop gambling at that moment, take your time to do more analysis so that you going discover where you are getting things wrong. If you try to win back your loss without doing that, then just expect more loss.

[AGogi2003]

Chasing losses doesn't happen in a day. My experience is that it takes several days of accumulated losses to get there.
Gambling is part of the game, and the game is just two things: losing or winning.
It's like a slot machine game. Losing streaks happen, and when such situations cause players to keep chasing those losses, I can assure you it's not good because you're simply in an unlucky position.
When you lose, just enjoy it even though it brings up emotional feelings. Bankroll management is crucial.

When you're chasing your losses in gambling that will make you be losing more and things won't be going well the way you like. So you should be careful anytime you lose just know that he as gone you should focus on the current one that will comes that is why you should always risk what you can afford to lose in gambling so that you won't feel bad, because gambling is a game of luck and not everyone can be successful in it so even you're betting always if he didn't favour you just try to stop it and so that you shouldn't become addicted and start chasing your losses.

[AprilioMP]

[edited out]

When you're chasing your losses in gambling that will make you be losing more and things won't be going well the way you like. So you should be careful anytime you lose just know that he as gone you should focus on the current one that will comes that is why you should always risk what you can afford to lose in gambling so that you won't feel bad, because gambling is a game of luck and not everyone can be successful in it so even you're betting always if he didn't favour you just try to stop it and so that you shouldn't become addicted and start chasing your losses.

Chasing losses on the same day will not lead gamblers to their desired victory. If they continue to do so, it is like digging a hole until they cannot climb out of it.
There are limits that need to be managed every day, and you should not exceed your bankroll limit. If you run out, just consider that luck is not on your side. Take a break and come back tomorrow. The same thing might happen the next day, but the same thing must be done: take a break and come back tomorrow until the time comes when victory arrives. In a week, there is usually a win from the amount of money spent, based on my experience. Not an accurate reference.

[Fredomago]

There's no much benefit in chasing after losses in gambling because we are expected to have this already in mind that we are using our money to gamble and it's either we win or lose, but even though some were aware of all this, they still go ahead to prioritize getting money from gambling by chasing after their losses rather than having it as fun.

The only benefit that we get from chasing our losses is that we've got an extended period of having fun. But that fun is going to be at our expense because usually the results when we chase them is that we'll lose more. So, if you're a gambler that's prepared for that, you should remind yourself that it's not always ending good if a gambler chases their own losses. Even if you're the most optimistic person in the world, that won't be enough and that optimism of yours is going to destroy your mood once you start losing more than what you've expected.

Indeed, unless if you got lucky and you have that discipline to quit after reaching the amount of money that you intend to win back, chasing losses most of the time brings more losses than having such luck that will allow you to regain your initial deposit, some of those experienced gamblers understand that it's not good to chase and rather doing that they choose to accept the outcome and stop thier sessions knowing that there's another day to play and much better to deal with it with fresh mindset.

[savetheFORUM]

Well, by now I should be the wisest person in the world from all the times I lost lol. There is nothing big to learn about losses, because you are just going to lose no matter how veteran you are in the gambling world.

This is why most of the people who win stuff end up being newbies because they do not know what they should do and they do the wrong one and they win, but because there are more newbies that lose money than the ones who win, we say that's wrong, it's just pure luck.

Gambling overall is pure luck, and if you keep on insisting that you could get better, that result will not be good for you and the result will not be great either, we should not be looking into this as something that could change all that much.

[Shinpako09]

You really need to stop chasing losses. Just pause, stop, and come back another day. Forget what happened before and start fresh. Sounds easy, right? But, it’s not as simple as it is. Once emotions kick in, even simple things become hard to do. That’s when rage betting happens, you try to recover by increasing your stake. Sometimes you get lucky, but most of the time it just drains your balance faster. I know this because even if I’m aware of it, there are still times I end up doing the same thing.