Stop chasing your losses and use it as a lesson.

[Smartprofit]

Yes, when a player loses their money, they continue to consider it theirs for a while. Even though the money is already lost and belongs to someone else (that is, the online casino). 🙋

I think we can draw an analogy here with a transaction on the Bitcoin network... When you transfer bitcoins to another party, those coins are no longer yours. Ownership transfers to another party. And if the miners have already confirmed this transaction, then even if you start crying, sobbing, and demanding it be reversed, no one will help you. The transaction has already been completed and recorded in the blockchain. That's reality.

In my opinion, this is exactly how losses should be approached. You've already lost the money ("the transaction has already been completed"), and there's no way to get it back. It may take you some time to accept this fact. That's why there's a rule in gambling: "Never try to win back your losses!"

[Kelward]

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.

If you really want to be a successful gambler, all you have to do is to avoid excessive loses by setting up a budget in cash and time so that you don't exceed your budget

You are correct the two aspects to get it right in gambling is to be disciplined with your bankroll and the time you spend while gambling, if you have a total control over the two their is no way you can chase loses or become addicted in gambling. If you decide that you won't go beyond x amount in a gambling session, there won't be any reasons to keep gambling when you finish the amount, if you don't add more money to chase loses there is no how you can chase it. Aside from being disciplined with your bankroll if you decide that you won't spend more than a certain time gambling when that time reaches you will authomatically stop gambling. It sounds like a military drill but it is how you can help yourself because gambling is addictive.

[Fredomago]

Most of the time, those who think that way losses control over their emotions and even they have strategy and pattern that they followed, but since that the emotion already beat them inside what they wanted to pursue is to recover the amount that they lose, so instead making money they lose more eventually as desperation continue to push and keep adding money which supposedly much better to make a quick stop and accept the outcome to stop chasing then lose more.

It makes sense that this would happen because their emotions, such as greed, overpowered their awareness of the discipline that should have been established.
Actually chasing losses or wanting to recover these losses is an action that is not recommended because indeed the opportunity only allows us to lose more but yes if you cannot accept defeat that will happen.

Exactly, as what inside your mind is to find ways to recover and if you keep failing yourself it added pressures and aggression which most of the time lead you to keep adding more money to your bankroll. With good control over your emotion, you'll be able to save your butt losing more, as even you keep pushing yourself, you'll be able to accept the outcome and reflect if what made you wrong then adjust or rest for some time and be back to try some luck if fate decides to back you up.

[AYOBA]

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.

Most of the people into gambling don’t check terms and conditions of the gambling and that’s they end up of chasing their losses they don’t know that this chasing is what will lead them to lose a big amount of money, because all their aim is they if they keep chasing thy will recover when they have lose which is not the gambling is not about that.

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. 

Do you mean that there’s guaranteed of recovery back everything a person has lose from gambling? I don’t so because by the time some people’s are losing and still stakes big amounts of money is that very time they lose more, so in this case it’s not advisable for anyone who’s losing money gambling to stakes big amounts believing that it will get everything back that will be very difficult.

[Emitdama]

For an experienced gamblers, they are not supposed to be lured into chasing after their losses because their bet just lose by one game, it's lack of self discipline and the lack of knowledge to comprehend that in gambling, no body can gain back what has been lost unless the person is just very lucky.  But most people are just very ignorant at this, just like an issue that came up few days ago about a guy that worked for 10 years to save a huge amount of money but in few days, he spent all that money in gambling. It must have been that he kept chasing after losses.

Yes, you are right. If they are experienced, they will not be tempted to continue chasing losses from gambling. They will realize that continuing to gamble does not guarantee that they will win. And I agree that chasing losses occurs due to a lack of discipline and a wrong view of gambling.
Winnings can be obtained and equal to or even exceed previous losses, but only if you are lucky enough.

It takes time for someone to know this, but the reality is that we are not going to end up with that much of a great situation, at the end of the day if we are dealing with a veteran, they will know what to do. Of course this isn't that easy, we should be expecting it to be very different and in the end we are seeing newbies chase those losses because they are not aware that it's actually a bad thing for them. I get why that would look not so great but newbies do not know that yet, so it's natural.

For us veterans, we are aware of it because not only we did that mistake and learned a heavy lesson, but we have also seen many people other than us have the same type of thing at the same time as well, which was crazy for us.

[Webutxo]

The last time I tried to chase my losses, it didn't take long for me to regret it as I would later go on to regret it the same day. The same applies to other industries as well like trading and even life in general. In the heat of a losses, it's common to feel the need to go all out at the next available opportunity as an avenue to make it l back. These days, I fight battles within myself to not take on more bets immediately after a painful loss.

If we are losing in gambling it is better we take a break from gambling at that moment to relax our brain in order for us to think straight because if we continue gambling and chase our losses we are doing ourselves more harm than good because we are going to incur more losses, and by the time we will realize what's happening we must have put ourselves in a financial difficulty.

Nothing beat break in gambling like any other thing, even if you are winning and making all the money from gambling, you can take a break and chill out maybe take sometime to check the way you have been gambling and if there is anything. If there is nothing, still take some break and have time from breaking out. There are people that make some certain money from gambling and they never for once enjoy the money they have made from gambling.

The addicted gambler don't know how relax the brain becomes if you take a break from gambling. Many people used to be addicted to gambling but because they took some break, take their time to check the things they have been doing wrong and work on them, they became better in their come back. They understand the things they have been mixing up and the games they don't need to play as far as gambling is concerned.

[cxtreenal]

Most of the time, those who think that way losses control over their emotions and even they have strategy and pattern that they followed, but since that the emotion already beat them inside what they wanted to pursue is to recover the amount that they lose, so instead making money they lose more eventually as desperation continue to push and keep adding money which supposedly much better to make a quick stop and accept the outcome to stop chasing then lose more.

It makes sense that this would happen because their emotions, such as greed, overpowered their awareness of the discipline that should have been established.
Actually chasing losses or wanting to recover these losses is an action that is not recommended because indeed the opportunity only allows us to lose more but yes if you cannot accept defeat that will happen.

Exactly, as what inside your mind is to find ways to recover and if you keep failing yourself it added pressures and aggression which most of the time lead you to keep adding more money to your bankroll. With good control over your emotion, you'll be able to save your butt losing more, as even you keep pushing yourself, you'll be able to accept the outcome and reflect if what made you wrong then adjust or rest for some time and be back to try some luck if fate decides to back you up.

If you start to fail and the stages get out of your control quickly, stop there and give yourself a break. You will not be able to break the natural pattern of losing in gambling easily if you have gained a lot of skill. Keep yourself busy for a few days and adjust yourself because mental weakness and emotions will take you back to that place. But you will have to start gambling again with more corrections and find the mistakes. But eventually you can gamble with your emotions under control which will be the best decision. Emotions should be controlled to reduce the accumulation of funds due to stress and aggression.

[Umulala-alala]

Those who are addicted in gambling we may not know when they are gambling to see if they can win some of or almost all that they have lost when gambling but this is entirely not good. Those gamblers who chases loss are most desperate to win back and due to this desperation they may not calm down to predict a good game and this will cost them more harm because they are likely to loss more. Gambling is a game that doesn't guarantee that we must win instead the possibility of losing is high so it's good we gamble with in our limit by also gambling with money that we can afford to loss.

[HelliumZ]

If you really want to be a successful gambler, all you have to do is to avoid excessive loses by setting up a budget in cash and time so that you don't exceed your budget

It is very important to have a specific budget to avoid excessive emotions and losses in gambling. If we have a specific budget for gambling, we will try to stay within that budget, meaning that when the budget is over, we will be forced to stop gambling.
Again, if we become overly emotional, then when we run out of budget, we will not be able to reload the budget even if we are emotional because we will not give any additional budget outside a certain budget for the week or month. If we are not given extra money, then when the budget runs out, we will be forced to refrain from gambling.

[IjawMan]

If you really want to be a successful gambler, all you have to do is to avoid excessive loses by setting up a budget in cash and time so that you don't exceed your budget

It is very important to have a specific budget to avoid excessive emotions and losses in gambling. If we have a specific budget for gambling, we will try to stay within that budget, meaning that when the budget is over, we will be forced to stop gambling.
Again, if we become overly emotional, then when we run out of budget, we will not be able to reload the budget even if we are emotional because we will not give any additional budget outside a certain budget for the week or month. If we are not given extra money, then when the budget runs out, we will be forced to refrain from gambling.

Setting up the budget for Gambling is one, and it's another thing to act by your budget. You do realise there are people who have constantly set up gambling budgets for themself but still ignores it when they seat at the table to gamble. They get excited by the game and gamble more than what was their budget and before they regain thoughts, the losses has increasingly compound and all of a sudden they resort to chasing of their extra unbudgeted losses.

[Zadicar]

Most of the time, those who think that way losses control over their emotions and even they have strategy and pattern that they followed, but since that the emotion already beat them inside what they wanted to pursue is to recover the amount that they lose, so instead making money they lose more eventually as desperation continue to push and keep adding money which supposedly much better to make a quick stop and accept the outcome to stop chasing then lose more.

It makes sense that this would happen because their emotions, such as greed, overpowered their awareness of the discipline that should have been established.
Actually chasing losses or wanting to recover these losses is an action that is not recommended because indeed the opportunity only allows us to lose more but yes if you cannot accept defeat that will happen.

Exactly, as what inside your mind is to find ways to recover and if you keep failing yourself it added pressures and aggression which most of the time lead you to keep adding more money to your bankroll. With good control over your emotion, you'll be able to save your butt losing more, as even you keep pushing yourself, you'll be able to accept the outcome and reflect if what made you wrong then adjust or rest for some time and be back to try some luck if fate decides to back you up.

Once you do have in mind is on how you recover your loses then this is what make you that play gambling on continous manner and this is something that you do need to watch out if you dont want to make yourself that messed up entirely when it comes to financial just because you are trying out to chase up those loses. The primary thing that comes up into your mind is on how you would be able to breakeven yourself and thats why you would be that keep on gambling no matter what. Its always been recommended that you should be always having the control and moderation when it comes into your emotions because this is what usually be the reason on why you do end up on having these problems on gambling addiction or having that having problems when it comes to financial on which this is the common problem of most gamblers. So it will be just that depending on you on how you would gonna deal up with it.

Gamble into the amount that you can afford to lose and never ever make yourself that thinking about that you can become rich with gambling because this would be pushing you to play even more and what causes up that disaster on which it would be leading up into huge regret.

[Rabata]

Those who are addicted in gambling we may not know when they are gambling to see if they can win some of or almost all that they have lost when gambling but this is entirely not good. Those gamblers who chases loss are most desperate to win back and due to this desperation they may not calm down to predict a good game and this will cost them more harm because they are likely to loss more. Gambling is a game that doesn't guarantee that we must win instead the possibility of losing is high so it's good we gamble with in our limit by also gambling with money that we can afford to loss.

Trying to recover lost money means that the gambler is leaning towards one side. The gambler can never take the decision that he takes impulsively because the decision is not appropriate at that time. An addicted gambler, just because he is trying to recover his money, cannot take the decision that a normal and healthy mind needs to take, because of which he loses more. In gambling loss can happen, but if he gambles normally without showing an immediate reaction to recover that loss, he can avoid losses. It is also beneficial for the gambler to take a break from gambling regularly. This will enable him to break free from abnormal thinking.

[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.

I'm very sure most gamblers still chase their losses. Emotions are just one difficult thing to control but if one is disciplined enough then it would be an easy task. It sounds stupid when a gambler says he's chasing his loss or trying to recover them. They only end up in more losses. Let's not forget that while it may seem like we have a chance of winning or these games are probably fair, they are designed to make us as gamblers not win. The house have a higher edge compared to that which any gambler would ever have. What keeps most gamblers in the game long enough is their ability to manage their risks long enough to hit a substantial win. And this can only be possible when you are able to control your emotions..

[Big Dirams]

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.

I'm very sure most gamblers still chase their losses. Emotions are just one difficult thing to control but if one is disciplined enough then it would be an easy task. It sounds stupid when a gambler says he's chasing his loss or trying to recover them. They only end up in more losses. Let's not forget that while it may seem like we have a chance of winning or these games are probably fair, they are designed to make us as gamblers not win. The house have a higher edge compared to that which any gambler would ever have. What keeps most gamblers in the game long enough is their ability to manage their risks long enough to hit a substantial win. And this can only be possible when you are able to control your emotions..

Chasing after our losses and having the mindset of trying to recover from the loss is just a irresponsible act because even before you walk into the gambling site we know it is filled with risk and at the same time it mostly about luck so no strong strategy or strong analysis that could help us make profits so we should always expect to loss at any time and when we do best thing to look forward in doing is by quitting to reduce our losses not by making recovery because things like that don’t often occur in gambling.
 Many people normally say this “Gamble with what you can afford to loss” because they know that gambling is filled with high risk so one wouldn’t get upset by their losses, it is advisable to gamble with what we can afford to loss.
Emotion on the other hand is one thing that leads us to more loss when we loss control of it. 

[Yeesha]

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.

Gambling is not an investment that you will invest in, and would be expecting something tangible in the future. Even investment require some statistical analysis, research and positive approach, despite the fact that you may have something great or better in the future, talkless of gambling that is a game of luck or chance. We just can't put so much effort, time and resources on gambling. The best thing is to make the right decision at the right moment, gambling with a huge amount of money doesn't guarantee success, and you might end up losing more money if certain things are not put into consideration. Some people fail to admit the mistakes that they made, and they will continue making same mistakes.

[skarais]

Those who are addicted in gambling we may not know when they are gambling to see if they can win some of or almost all that they have lost when gambling but this is entirely not good. Those gamblers who chases loss are most desperate to win back and due to this desperation they may not calm down to predict a good game and this will cost them more harm because they are likely to loss more. Gambling is a game that doesn't guarantee that we must win instead the possibility of losing is high so it's good we gamble with in our limit by also gambling with money that we can afford to loss.

In fact, all gamblers are fully aware that they can lose all their money because of gambling, but the worst thing is when they cannot afford to lose it. The worst risk of gambling is not basically losing money due to losing, but other effects that can make everything messy. It is normal for all gamblers to try to recover losses, but they should also know that by recovering they risk further losses that then accumulate to become even greater.

[LUCKMCFLY]

The way gambling is further designed, it will get to a point where a good percentage of players won't be capable of controlling their emotions anymore. Neuroscientists work round the clock to help casinos make this happen, that is a big reason why gamblers must be careful about going beyond their limits, because when that happens, it becomes a continues behavior which wouldn't be spotted immediately as a problem until it gets out of hand.

There's something we shouldn't lose sight of we're human. It's obvious that whenever we're doing an activity and we lose or things go badly, we want to recover. That's something we carry inside us, in our DNA: to get up and keep going until we achieve a goal. But in gaming, things aren't like that because there are other things like house advantage and the luck factor, things we can't control. That's why knowing how to accept what happens is wiser.

[Ronsbit]

There is nothing you can do about it OP. As long as casino's and game's do exist,  people who are interested would definitely play. Mind you some play just for fun while others play for other reasons best known to them so there is every possibility that some gamblers would still chase after their loses irrespective of the fact that gambling is just for fun.
The issue of learning a lesson is on self basis. Not every gambler is willing and ready to do that at the moment as they feel it is something of luck but some still do learn the lesson based on the mistakes they have made in the past.

[Yablee0]

The commonly known reason gambler chase loss is to recover money they have lost as the name implies "chasing loss" but it is wrong to do that because it is not certain that we will get or recover what we have loss in gambling as loss is inevitable. And it is advisable to always use what we can afford to lose so that the zeal to chase loss won't be there even when we make loss and this is why we are also told to be disciplined so as tio help us gamble responsibly.

It has been very obvious that lost chasing in gambling has been the killer of man in recent years and has caused repeated cases of gambling addiction.  However the more you refuse to let go of your lost fund's, the more you keep on losing more and it's more crazy that untill now people's are still ignorant of this trap called lost chasing and falling heavily for it.


Sometimes I wonder how some people's see this gambling stuff, because if truly our initial reasons for  gambling at the first instance was to had fun and to be well entertained I don't think their would have been anything like endless urge of chasing our lost that has been a major challenge today, however the more we see this as a common situation in the society and give it less attention the more it keeps on eating us deep.

[Frankolala]

Exactly, as what inside your mind is to find ways to recover and if you keep failing yourself it added pressures and aggression which most of the time lead you to keep adding more money to your bankroll. With good control over your emotion, you'll be able to save your butt losing more, as even you keep pushing yourself, you'll be able to accept the outcome and reflect if what made you wrong then adjust or rest for some time and be back to try some luck if fate decides to back you up.

As a gambler self control is very important because it leads to proper bankroll management sonce that is only what we as gamblers can control since we don't have the power to control the outcome of our bet. Setting up a gambling budget is a kinda way of learning how to control your emotions because you're to bet with the amount of money that you can afford without chasing your losses.