Simple ways to avoid chasing lost

[yahoo62278]

If you have been following up recently you will know that the issue of addiction as being on the rising level and some folks are still battling a better way of escaping it. Lost chasing is what many gamblers may be thinking doesn't matter till something goes wrong and before they will realize it's late and turns into addiction.

However, these are some things that can cause chasing of lost in gambling and how to avoid them:

- Greed is one major reason we do chase lost, we may be opportune to win little but in other to get more we keep on gaming hoping is that easy, when we now lost to the gambling platforms that's when the whole revenge process started and before you know it you will never end till it turn into your nightmare.

- Staking about what you can't let go: This is also an instigator of lost chasing. That's why it's advisable to always ways cut our coat according to our available material. You don't have to prove no point, just gamble with the little in your power so that if otherwise their wouldn't be a problem.

- Don't Gamble with fund's that was meant for other purpose: This is another big problem behind lost chasing, when gambling with the wrong fund's. For example gaming with a school fees, house rentage money, feeding funds, utility bills subscription fee etc. Perhaps, when tempering with any of this funds and things didn't goes as planned, this will automatically distabilize your plans and before you know you have started gambling out of emotion just to get back that money and that's the more lost you keep on accumulating for yourself. Gamble was never made to put us in any form of tension but we brought it up on ourselves by some of our wrong doings. So what your thoughts on this?

What are the ways to avoid chasing losses? I'm not seeing 1 single way to avoid chasing losses reading through your post. I see things that you feel make you chase losses but 0 ways to avoid chasing losses. Might wanna rethink your title.

[Cityhunter34]

You're making good sense, but as you can see, similar threads has already been discussed countless times. However, I think it's necessary for us to always follow the right way when gambling. Gambling is not a source of income. Without luck on your side, notting else can guarantee you winnings. Even without being told, we are not supposed to chase losses in gambling because it doesn't make any sense at all. Gamble with the mindset of having fun and enjoying the game, since nothing else can change the outcome.

[TedMosby]

IMO, the simple way to avoid chasing losses is by doing budgeting. But this simple thing needs discipline. You should also evaluate where your money goes. Set your gambling budget, and stick to your budget. If you start chasing losses, think again because what you'll do will ruin the balance of your other budgets. You better try installing a financial planner, expense tracker, or budgeting app to make it easier for you to understand what I mean. It really helps me a lot, although the case is not about a gambling budget, but for other things. In my case, I have a monthly budget for Work from Cafe (WFC). It really helps me not overspend on my WFC activities. At the end, I have extra money left over from my WFC budget and I use it for other things.

[yudi09]

- Don't Gamble with fund's that was meant for other purpose: This is another big problem behind lost chasing, when gambling with the wrong fund's. For example gaming with a school fees, house rentage money, feeding funds, utility bills subscription fee etc. Perhaps, when tempering with any of this funds and things didn't goes as planned, this will automatically distabilize your plans and before you know you have started gambling out of emotion just to get back that money and that's the more lost you keep on accumulating for yourself. Gamble was never made to put us in any form of tension but we brought it up on ourselves by some of our wrong doings. So what your thoughts on this?

This is something to avoid, and gambling with this money is strongly discouraged. If you gamble with money that should be set aside for other urgent needs, it’s like taking off your clothes, burning them, and then going home naked.
Regardless of all that and the series of stories cited above, you are correct in stating that one should not gamble with money that should be used for more noble purposes in life.

[Uruhara]

Those who become addicted to gambling are usually people who view it as an opportunity to make a lot of money quickly and hope to get rich overnight. Most people who have this mindset from the start will eventually become addicted, because they aren’t gambling for fun, even though gambling is meant to be just for fun. Setting aside about 1–2% of our income for entertainment is normal, and we won’t feel too bad when we lose. Well, in gambling too, we only need to set aside a few percent as a special budget. That way, we won’t feel the need to try to win back our losses. If we start with a large sum of money, then when we lose, we’ll be very eager to recoup those losses and think we’ll stop once we’ve made a profit or simply recovered the capital we lost earlier.

[cryptoaddictchie]

I still prefer what the OP said about it which is having budget. The person should try that first, but if it does not work, he can stop gambling. Know that there are people that are not addicted that are chasing losses, also. This topic will be for such people, not people that are addicted already.

Well that got a point too but that needs total discipline, like its good to bring only enough money to play with casino, problem with some even they exhausted that money and so happened to bring their atm card still gonna try to withdraw some and turn back again. Is that ever happened to you? Like you trying to discipline yourself and ending getting more funds and lose it again.

[danherbias07]

About that last part.

- Don't Gamble with fund's that was meant for other purpose: This is another big problem behind lost chasing, when gambling with the wrong fund's. For example gaming with a school fees, house rentage money, feeding funds, utility bills subscription fee etc. Perhaps, when tempering with any of this funds and things didn't goes as planned, this will automatically distabilize your plans and before you know you have started gambling out of emotion just to get back that money and that's the more lost you keep on accumulating for yourself. Gamble was never made to put us in any form of tension but we brought it up on ourselves by some of our wrong doings. So what your thoughts on this?

My suggestion to every gambler is to pay whatever is needed to pay first. Don't gamble the money with the thought of doubling it. There's a higher chance that you will lose the money and end up regretting what you have done. Next to it are more stressful days without knowing where you will get money to patch things up.
Just use whatever is left after everything is paid. It will make you feel better when you know that you have done everything. Also, the gambling games will be more fun because you are in a calm mode.

[Zadicar]

If you have been following up recently you will know that the issue of addiction as being on the rising level and some folks are still battling a better way of escaping it. Lost chasing is what many gamblers may be thinking doesn't matter till something goes wrong and before they will realize it's late and turns into addiction.

However, these are some things that can cause chasing of lost in gambling and how to avoid them:

- Greed is one major reason we do chase lost, we may be opportune to win little but in other to get more we keep on gaming hoping is that easy, when we now lost to the gambling platforms that's when the whole revenge process started and before you know it you will never end till it turn into your nightmare.

- Staking about what you can't let go: This is also an instigator of lost chasing. That's why it's advisable to always ways cut our coat according to our available material. You don't have to prove no point, just gamble with the little in your power so that if otherwise their wouldn't be a problem.

- Don't Gamble with fund's that was meant for other purpose: This is another big problem behind lost chasing, when gambling with the wrong fund's. For example gaming with a school fees, house rentage money, feeding funds, utility bills subscription fee etc. Perhaps, when tempering with any of this funds and things didn't goes as planned, this will automatically distabilize your plans and before you know you have started gambling out of emotion just to get back that money and that's the more lost you keep on accumulating for yourself. Gamble was never made to put us in any form of tension but we brought it up on ourselves by some of our wrong doings. So what your thoughts on this?

I do see this to be a thread about - "Whats the reason on why gamblers becomes addicted or Why gamblers ending up miserable?" rather than on how to avoid chasing lost. Just like on what yahoo said above on which the title isnt really that correlated or connected to the content of your post. So there's really that confusion in between the title and on the content.

For the sake of answering out this question then greed is common, staking up more than on what you can afford to lose. these are normal gambler behavior on which this would be causing up that miserable life specially on finances due to these kind of actions or behavior. Now in regarding aboutu on how to avoid chasing lost, then the simple answer would this be "DISCIPLINE", if you do really know on how to control yourself and do know on having the moderation when it comes to spending then you wont really be putting up yourself into some problems just because you've been that trying out stop the things on which most gamblers do really end up to.

[YOSHIE]

Simple ways to avoid chasing lost

We can apply various methods so that we avoid anything that harms us in gambling, including ways not to pursue gambling losses, unfortunately greed, the money used and the type of game and whatever happens instantly in the gambling arena.

In some cases, emotions often occur suddenly in the world of gambling, they happen without being intentional and planned, that's when regret will come when everything is over, So whatever it is, if emotions are not controlled, it is difficult to separate ourselves from gambling, bad things always happen.

[Hardyrobust]

The best way to avoid chasing lost is through self discipline. When a gambler has self discipline they will know when it is right to continue and when to stop gambling. However, so many gambler's lack self discipline and they end up using more than what they can afford to lose to gamble and they will be trap with the idea that they are going to win it back.
Also o having a wrong mindset about gambling, like seeing gambling as a source of income or as means of escaping poverty can also leads to chasing of losses. So having a good mindset about gambling can also help to avoid chasing loses.

[rachael9385]

Gambling with money meant for other things can definitely lead to chasing losses because you would want to recover those amounts of money that you lost to solve what it was meant for but the more you keep on chasing the problem only gets worse. The simple way to avoid chasing losses is to have a time limit and also a budget, this is one of the best ways to avoid chasing losses and it's the most important.

[joeperry]

I also agree with OP on some of the ways to avoid chasing lost but I would like to add 1 based on my experience. Before, whenever I lost my balance in gambling site, I usually deposit again and again until I accumulate a larger amount which I always realized when it's too late. I think one thing I can add up is to limit your deposit weekly, for instance, you should only have $80-$100 per week and no matter what happens, you shouldn't exceed on it at first it was hard since I'm really eager to deposit and try to win back my losses but it would take a lot of patience and practice to do it and once you do it, it's really a game changer for me, I'm not sure if it could work to others but there's no harm in trying this out.

[pawanjain]

If you have been following up recently you will know that the issue of addiction as being on the rising level and some folks are still battling a better way of escaping it. Lost chasing is what many gamblers may be thinking doesn't matter till something goes wrong and before they will realize it's late and turns into addiction.

However, these are some things that can cause chasing of lost in gambling and how to avoid them:

- Greed is one major reason we do chase lost, we may be opportune to win little but in other to get more we keep on gaming hoping is that easy, when we now lost to the gambling platforms that's when the whole revenge process started and before you know it you will never end till it turn into your nightmare.

- Staking about what you can't let go: This is also an instigator of lost chasing. That's why it's advisable to always ways cut our coat according to our available material. You don't have to prove no point, just gamble with the little in your power so that if otherwise their wouldn't be a problem.

- Don't Gamble with fund's that was meant for other purpose: This is another big problem behind lost chasing, when gambling with the wrong fund's. For example gaming with a school fees, house rentage money, feeding funds, utility bills subscription fee etc. Perhaps, when tempering with any of this funds and things didn't goes as planned, this will automatically distabilize your plans and before you know you have started gambling out of emotion just to get back that money and that's the more lost you keep on accumulating for yourself. Gamble was never made to put us in any form of tension but we brought it up on ourselves by some of our wrong doings. So what your thoughts on this?

I didn't actually get what the second reason is. Is it like staking something that we can't afford to lose ?
But then, the third reason is also quite similar and so we need not differentiate between the both and just stick to "not to gamble with what you can't afford to lose".
Isn't it better to keep things simple ?

[swogerino]

If you have been following up recently you will know that the issue of addiction as being on the rising level and some folks are still battling a better way of escaping it. Lost chasing is what many gamblers may be thinking doesn't matter till something goes wrong and before they will realize it's late and turns into addiction.

However, these are some things that can cause chasing of lost in gambling and how to avoid them:

- Greed is one major reason we do chase lost, we may be opportune to win little but in other to get more we keep on gaming hoping is that easy, when we now lost to the gambling platforms that's when the whole revenge process started and before you know it you will never end till it turn into your nightmare.

- Staking about what you can't let go: This is also an instigator of lost chasing. That's why it's advisable to always ways cut our coat according to our available material. You don't have to prove no point, just gamble with the little in your power so that if otherwise their wouldn't be a problem.

- Don't Gamble with fund's that was meant for other purpose: This is another big problem behind lost chasing, when gambling with the wrong fund's. For example gaming with a school fees, house rentage money, feeding funds, utility bills subscription fee etc. Perhaps, when tempering with any of this funds and things didn't goes as planned, this will automatically distabilize your plans and before you know you have started gambling out of emotion just to get back that money and that's the more lost you keep on accumulating for yourself. Gamble was never made to put us in any form of tension but we brought it up on ourselves by some of our wrong doings. So what your thoughts on this?

I would say that the third point in many cases is irrelevant based on my personal experience and many other gambler friends I have. I have opted to gamble with money I could afford to lose yet the feeling of regret as why I gambled kept pushing me to deposit more from funds that were meant for other purposes and I ended up losing big time. Also many friends of mine experienced the same feeling after they lost in gambling with funds they could afford to lose. So better to not gamble at all to avoid chasing what you lost.

[Mhizlove]

The truth is that many gamblers are addicted to gamble because of their inability to control their emotions. Because if a gambler can control his emotions he will definitely understand the importance of gambling responsible.
One important thing gambler should do in other to avoid being an addict gambler is for them to learn to appreciate even a small win because by doing so a gambler will not be greedy to keep on gambling to win more money forgotten the fact that there's no guarantee to win more. Another mistakes is that some gamblers intentionally compare themselves with other successful gamblers, of which is very wrong and it can lead to addition.

True contentment and self control is a big protection to gamblers, and another thing gamblers are supposed to understand is that betting is not a competition to prove anything, because many of the big wins people show do not tell the full story of many times they have lose before because if you try comparing yourself with others at end of the day greed and pressure will be the call of the day and that's where problem begins. So If gambling just focus on your limits, always appreciate little wins and know when to pause or give yourself a break,it will be easier if you keep betting as an entertainment instead of something that will later turn out to problem

[Frankolala]

You're making good sense, but as you can see, similar threads has already been discussed countless times. However, I think it's necessary for us to always follow the right way when gambling. Gambling is not a source of income. Without luck on your side, notting else can guarantee you winnings. Even without being told, we are not supposed to chase losses in gambling because it doesn't make any sense at all. Gamble with the mindset of having fun and enjoying the game, since nothing else can change the outcome.

Gambling for fun and setting up a gambling budget will help you a lot from chasing your losses if only you can stick to it. Setting a time limit is also important and stop the game at the right time. If you can see gambling as a means of entertainment and don't think of making profits whenever, you are gambling, you will able to accept your losses.

[Fiatless]

Well that got a point too but that needs total discipline, like its good to bring only enough money to play with casino, problem with some even they exhausted that money and so happened to bring their atm card still gonna try to withdraw some and turn back again. Is that ever happened to you? Like you trying to discipline yourself and ending getting more funds and lose it again.

Without discipline, budgeting is useless. To come up with a financial plan is easy,  but the problem lies in its implementation. I dont think anyone intends to gamble more than they have allocated. But the main issue is the ability to control gambling activities. It takes dicipline to walk away or log out even when your emotion is driving at refunding your account.

[Fortify]

If you have been following up recently you will know that the issue of addiction as being on the rising level and some folks are still battling a better way of escaping it. Lost chasing is what many gamblers may be thinking doesn't matter till something goes wrong and before they will realize it's late and turns into addiction.

However, these are some things that can cause chasing of lost in gambling and how to avoid them:

You overlook the main driver behind why people end with this problem: regret. That regret gets deeper and stronger with every failed session even if a gambler does not want to admit it. They ultimately end up lying to themselves because it hurts admitting that you've thrown away a large amount of money that you will never be getting back. Most gamblers try to shy away from this reality, because when they finally admit it the party is finally over. The next stage had to be quitting entirely for a long time until they get their self control back again (or maybe never gambling again in their life). People stop gambling for the money when what they've spent goes far beyond what they can reasonably earn back in a single session through some great luck.

[Alex077]

We have several discussion about this already. The simplest way to know that you are not a gambling addict is when you are able to use little amount of money to gamble.

1% of you weekly or monthly income is the recommended percentage.
Some gamblers on this forum said they go up to 5% and it is good for them.
Going more than that is bad.

I still think there’s no universal number that automatically determines whether someone has a gambling addiction or not, although using 1% as a rough guideline is probably reasonable. But if you really look into it, even 1% of income can become a problem for one gambler if they constantly think about gambling, chase losses, or lose control, while for someone else even 5% may remain nothing more than entertainment without any serious consequences.

Are they taking money that should be used for the house or family expenses? Are they trying to hide their gambling from family or friends? Those are much more serious warning signs, and in situations like that even spending 0.1% on gambling can already become a problem.

And besides that, it’s important to understand that percentages of income are relative too. For someone with a high income, 5% may not affect their life at all, while for another person even 1-2% spent on gambling can create real financial stress.

That said, I do agree that the general idea of limits is absolutely the right approach. When someone sets an amount they are prepared to lose without harming their finances or daily life, and actually sticks to that limit, it’s obviously much healthier than gambling chaotically and constantly trying to “win back” losses.

[Hispo]

Gambling with money meant for other things can definitely lead to chasing losses because you would want to recover those amounts of money that you lost to solve what it was meant for but the more you keep on chasing the problem only gets worse. The simple way to avoid chasing losses is to have a time limit and also a budget, this is one of the best ways to avoid chasing losses and it's the most important.

If anyone gambles with money which was never intended to be deposited on a casino, that is definitely going to degenerate into chasijg losses, that there is a strong attachment to that money which is being lost to the casino.
In such scenarios it would be difficult for any gambler just to call itna day and assume those losses, as they face stigma and social problems if they cannot get their money back, so they choose to take their chances on engaging on money chasing.

Education and self-control are the only tools which one can use in order to control one's deposits and not to take choices one will regret in the short term while engaging on casinos and bookies.