We are smart, but stupid if we lose.

[Antotena]

Why can many of us not recognize that we are already losing? Instead of stopping, we still continue until we lose everything we have, not only our bankroll but sometimes we even go beyond that. We even think of stupid decisions like depositing again, and this time not to win anymore but just to try to win back our losses.

Have you experienced that? We are not crazy, we understand what we are doing but there are times, especially when losing, that we become foolish. We get reckless and just bet and bet, hoping we can recover but what is driving us is only our emotion because we are not thinking clearly.

I experienced this, the last time I remember my biggest loss was around $1,000 more or less.

A gambler that refused to stop gambling after seeing that he has loss much probably has some experience and think that he will make the money he loss to gambling. I think everyone has what they can afford to lose, there are people that will make money and make some loss and wouldn't quit gambling because they have once win. This actually work sometimes if the gambler knows what they are doing but some people naturally don't know how to stop.

I have a golden rule for my self when I gamble, if I lose money and I see that the coast is not clear I will not bet again. I will wait till everything become normal again. It's good to take some break when things go wrong, there are times gambling can be rough, like this fifa world cup, I have only manage to win two bet since it started and that was the one I made from yesterday, the beginning was very rough and I stop. The last two I tried was excellent and I think I will try again.

[michellee]

We keep saying to ourselves that we still have more chances to recover our lost and wins money through gambling. We are difficult to accept the lost situation so we will take a stupid decision by continuing gambling.

I have experienced that many times with or without realize the situation and in the end, I could only regret of what I already did. I can't turn back the time and stop gambling but I can quit immediately after regret.

But my losses was not too big than you @OP so I can still breaks and breath. But that is pain remembering my losses.

[qwertyup23]

Why can many of us not recognize that we are already losing? Instead of stopping, we still continue until we lose everything we have, not only our bankroll but sometimes we even go beyond that. We even think of stupid decisions like depositing again, and this time not to win anymore but just to try to win back our losses.

It is somehow easy to discern this. The normal reaction of human nature teaches us to fight back whenever we are in a losing position. It is nothing but human nature for us to recover our losses quickly because we want to rectify and correct our mistakes as soon as possible.

Unfortunately, however, this kind of mindset tends to snowball into a bigger problem especially if we cannot recover our losses and the latter keeps piling up more and more. I agree with you OP, stopping is the solution and the best remedy. However, it's definitely easier said than done especially when you are in that kind of position.

Have you experienced that? We are not crazy, we understand what we are doing but there are times, especially when losing, that we become foolish. We get reckless and just bet and bet, hoping we can recover but what is driving us is only our emotion because we are not thinking clearly.

Yes definitely! I was in the exact same position like you described where I thought that the only chance of recovering my losses would be to gamble again. However, I learned this the hard way- it put me in a position of an endless cycle of winning and losing due to the lack of discipline in stopping myself and calling it a day.

[mitchr4]

We keep saying to ourselves that we still have more chances to recover our lost and wins money through gambling. We are difficult to accept the lost situation so we will take a stupid decision by continuing gambling.

I have experienced that many times with or without realize the situation and in the end, I could only regret of what I already did. I can't turn back the time and stop gambling but I can quit immediately after regret.

But my losses was not too big than you @OP so I can still breaks and breath. But that is pain remembering my losses.

Been through this many times as well, keep playing until depositing again and again thinking the losses can still be recovered. Being smart alone is not enough to avoid this trap because what is really needed is self control. The truth is what has already been lost is very hard to get back no matter how much we convince ourselves it will come back.

[Dunamisx]

Why should we be chasing after losses in gambling, I'm sure not every Gambler is doing the same, because some really understand the reason why you should be meant for an entertainment purpose, but those that fails to realize this and actualize it will always see it in another direction to them, which is why so many gamblers are unfulfilling today because they are losing.

[coin-investor]

Why can many of us not recognize that we are already losing? Instead of stopping, we still continue until we lose everything we have, not only our bankroll but sometimes we even go beyond that. We even think of stupid decisions like depositing again, and this time not to win anymore but just to try to win back our losses.

I experienced this, the last time I remember my biggest loss was around $1,000 more or less.

The adrenaline rush will not recognize logic; all it wants is to consummate its desire and fulfill the emotions, so even if it's the right thing to quit, it will not because it is challenged.
I once did that, and I ended up blaming myself and thinking, what if I regain my losses and double my winnings? So there's guilt if you want to quit at the height of the adrenaline rush.
Eventually, you will learn to ignore that adrenaline and follow the right logic, but only after learning this the hard way.

[Crakryptvest]

I was addicted for reckless gambling lifestyle and that thought be a big lesson in life because it wasted a lot of my precious time. I went on a long break and didn't even think of gambling again. However, when I started gambling, I gamble once in a week and I do that with a little amount of money. I can now gamble in a responsible way.

This is it is been said that experience is the best teacher but is that phrase right? What about those that returned after taking a break and stop got hooked by the same thing that made them to take break although that's individual difference, the good thing here is that you took a bold step, you realized that you could get into something that will ruin you and decided to back out for some time to rebuild your mindset on how to approach gambling and to me I think you were very disciplined enough to take action when necessary, I just wish that those gamblers that are into this shit can take actions like this for their own good.

[Hispo]

Why can many of us not recognize that we are already losing? Instead of stopping, we still continue until we lose everything we have, not only our bankroll but sometimes we even go beyond that. We even think of stupid decisions like depositing again, and this time not to win anymore but just to try to win back our losses.

Have you experienced that? We are not crazy, we understand what we are doing but there are times, especially when losing, that we become foolish. We get reckless and just bet and bet, hoping we can recover but what is driving us is only our emotion because we are not thinking clearly.

I experienced this, the last time I remember my biggest loss was around $1,000 more or less.

Actually, it is something which has been discussed here on the gambling section of the forum before, how many of us have got greedy and then desperate when we started to chase our losses during gambling sessions on our favorite casinos.

It believe it is something which happens to pretty much all gamblers and bettors which frequently, so it is pretty much an universal phenomenon within the world of gambling.

Also, losing one thousand dollars in order to learn such lesson is wild...
Most of gamblers lose a handful of dollars (small gamblers) and a few hundreds (medium sized gamblers), before they realize they have committed a mistake and they need to stop before losing even more...

[Queen uloma]

I don’t think you should link your intelligence to the outcome of a chance game. That obviously doesn’t seem very logical. Instead of worrying about the outcome, try to enjoy the ride. I would say the true test of intelligence when it comes to gambling is whether or not the player is enjoying themself.

I agree with you, that someone isn’t suppose to link their intelligence to the outcome of a game of chance. Losing or winning in gambling doesn’t automatically mean that a person is smart or foolish because luck plays the major role. For me the  real test of intelligence in gambling is whether the person understands the risks involve in gambling, knows when to stop and doesn’t allow emotions or greed to control them. Enjoying the experience is fine, but once gambling start affecting your finance, decision-making, or peace of mind then it is no longer entertainment. A smart gambler is someone who knows his limits and can stop when necessary and walk away, whether he wins or loses.

[Orpichukwu]

Loses will always be a huge part of gambling and the failure to accept this is mostly what result in folks chasing their own loses... I could even bet that majority of folks who are very find of chasing losses simply did so coz they did approach gambling with a profit expectation mindset, and when they didn't see this profits, they get so pissed off and try as much as they can to recover those money that they lost.. But in doing so they tend to have forgotten how uncertain gambling really is.. Gambling shouldn't constitute a burden to anyone, we all should just gamble for fun  .

There are people who are out there gambling with a different mindset from others; they believe that there is a pattern which they could use to defeat the system, and when their pattern is no longer working, they tend to not be able to accept that loss because they have been using money they could not let go of easily as a result of having confidence in what they are doing; that's how some gamblers end up chasing their losses.

[Leahized]

I think the biggest mistake in gambling is when, after a long losing streak, you start thinking that your luck is about to start. I might be able to believe it if it were about betting, but people who play slots, even after they've lost their entire deposit, top it up again to keep playing and hope for some luck. To me, that seems like the biggest mistake a player can make.

I think a gambler should never have too much hope. From what I have seen in real life, people who expect a lot of good things in gambling, mostly lose. Also, no one can ever say for sure whether any spin has a huge multiplier. So gambling should not be used as a main weapon. I think the first mistake gamblers make is planning to get rich by shortcuts. So gambling should be fun as much as possible, without too much expectation. By doing this both mind and mentality will be good.

[adultcrypto]

But my losses was not too big than you @OP so I can still breaks and breath. But that is pain remembering my losses.

The mistake some people make is gambling without budget, through this pattern they gambling and continue to gamble and never knowing when to stop and take a break. Gambling without making a budget is not only destructive to the finances of the player, it damages their mental health especially when they encounter a situation of winning and losing it all back. This post will serve as a reminder to every player that there should be limit in gambling and one way to set that limit is by making a budget.

[hyudien]

I think a gambler should never have too much hope. From what I have seen in real life, people who expect a lot of good things in gambling, mostly lose. Also, no one can ever say for sure whether any spin has a huge multiplier. So gambling should not be used as a main weapon. I think the first mistake gamblers make is planning to get rich by shortcuts. So gambling should be fun as much as possible, without too much expectation. By doing this both mind and mentality will be good.

Expecting to get rich from gambling especially especially slot games, is stupid, this is a game with 100% luck, where the results are always random, even sports betting where there is a better chance of winning, still luck still plays a role. Gambling is solely for entertainment, that's what we should always hold on to, so that we still enjoy it.

[Bluedrem]

One of the reasons for this is that when people lose, the main focus is on recovering their money and if they keep winning, there is an opportunity to win more. That is why gamblers in most cases cannot hold on to their money even after winning in gambling and this is true for most gamblers. However, if someone is truly wise and understands the reality of gambling, then he should never be greedy and if he loses several times in a row, he should stop gambling.

[Dr.Osh]

Why can many of us not recognize that we are already losing? Instead of stopping, we still continue until we lose everything we have, not only our bankroll but sometimes we even go beyond that. We even think of stupid decisions like depositing again, and this time not to win anymore but just to try to win back our losses.

We often overthink the gambling we engage in. When we experience a loss that nearly wipes out all our assets, we've probably felt like "the next game is a win," but it turns out that win was a fake one. Well, what you're saying is unwise. I quite agree, because when someone gambles, they can lose their sanity and re-deposit to finish a game they consider "unfinished."

[justdimin]

That is human behavior which gambling has been exploiting since centuries. Normally when we are losing our brain has cloud judgment at the time so it has no clear judgment. This can lead us into making very bad decisions like depositing more and deceiving ourselves that this deposit is going to be different yet again I will say this wonderful saying which perfectly summarizes this human behavior which is doing the same things over and over again and expecting different results is insanity.

Unfortunately there are a lot of psychological reasons behind this. One example I have, is that a friend of mine has a very materialistic wife, and I mean very much, like she wants the best vacations, best phones, whatever iphone latest is, and best bags, and best clothes, and best things for home.

Basically way out of their budget, they can't afford it, and she keeps wanting. The logical solution for him should be a divorce, no doubt, but he doesn't. So what does he do? He does the most stupidest thing ever, by gambling with his money, to hope one day he will get rich, and instead they get into even bigger debt.

[Smartprofit]

When faced with a stressful situation, people usually completely lose the ability to think logically (unless, of course, they're Agent 007). This is a completely natural reaction. 🙋

I periodically read the Telegram channel of a very smart guy who's involved in all sorts of dubious business dealings (I personally don't approve of this kind of business).

Recently, he described a situation where a criminal case is brought against a person in Russia.  

If a person is in Dubai at that moment (which extradites criminals to Russia upon request), they can't board a plane on their own to fly to another country where they'll be safe (for example, if they have a residence permit or even citizenship in that country). They absolutely need a friend to help them board the plane and monitor the entire flight. Otherwise, they'll just sit there and wait to be arrested.

The question arises: why does this happen? The answer is very simple: during periods of severe stress, the prefrontal cortex of the brain completely shuts down.  A person becomes incapable of performing even the most basic actions that lead to salvation.

Although losing at gambling is far less dangerous than facing criminal charges, the body's reaction is exactly the same. That's just how the human psyche works! The prefrontal cortex of the brain completely shuts down, and the person loses the ability to react adequately.

In my opinion, in such a situation, it's extremely important to have a friend nearby who can physically stop the gambling. Because a person is incapable of doing this on their own. 🤷

[Muba20]

I was addicted for reckless gambling lifestyle and that thought be a big lesson in life because it wasted a lot of my precious time. I went on a long break and didn't even think of gambling again. However, when I started gambling, I gamble once in a week and I do that with a little amount of money. I can now gamble in a responsible way.

This is it is been said that experience is the best teacher but is that phrase right? What about those that returned after taking a break and stop got hooked by the same thing that made them to take break although that's individual difference, the good thing here is that you took a bold step, you realized that you could get into something that will ruin you and decided to back out for some time to rebuild your mindset on how to approach gambling and to me I think you were very disciplined enough to take action when necessary, I just wish that those gamblers that are into this shit can take actions like this for their own good.

Your question is quite reasonable, why does a gambler return to the same activity after taking a break? This can lead to him getting addicted to gambling again. But the main difference here is that a gambler becomes addicted to gambling due to regular gambling. Due to excessive addiction, the gambler starts facing huge losses. But when a gambler can take a break from regular gambling, he is not addicted to gambling. A gambler can take a break by bringing proper self-control over himself. So if he ever starts gambling again, then it should be understood that he is gambling only for entertainment.

[Rubuchi]

That is human behavior which gambling has been exploiting since centuries. Normally when we are losing our brain has cloud judgment at the time so it has no clear judgment. This can lead us into making very bad decisions like depositing more and deceiving ourselves that this deposit is going to be different yet again I will say this wonderful saying which perfectly summarizes this human behavior which is doing the same things over and over again and expecting different results is insanity.

mindset plays a very significant role in gambling, when you develop a positive mindset towards gambling, you will be great at it regardless but when you develop a negative mindset towards it, you will be worse at it no matter what. Your ability of registering loses in gambling as a negative result totally lies on your mindset as the gambler. But if you are able to register even the worst moments as a positive outcome it is most likely going to make you win even more or at least reduce the pain that comes with the lost. What's also fundamental is nothing other than financial discipline and management which tells the extent of risks you are taking and the resultant effect of it.

[nara1892]

From my experience, quitting after a win is much better than quitting after a loss. For some reason, when we win, it feels like our curiosity is somewhat satisfied. However, when we lose, that curiosity seems to increase even more, ultimately triggering emotions and expectations. When a losing streak occurs, it's true that one of the reasons we keep trying is the hope of recouping lost capital. The focus is no longer on profit but on saving capital.

We are aware of these impulsive actions, but it's true that they are very difficult to control, and that's what happens when emotions get involved. This is why we are always advised to never exceed our limits.