Chasing Losses

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    Last post ago over 3 years by Lootva
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    Lipstick

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        Lipstick

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        Hiya LCB'ers,

        I always remember my dad telling me to never try and chase back my gambling losses. He told me 9 times out of 10 you will only end up digging a bigger hole. When i first started gambling i did just the opposite of what he told me and sometimes i have to be hit over the head with a hammer to see the light!

        I always thought just one more deposit, just one more ATM withdrawal and i know i will get it back! Oh my was i wrong! It seems like if you are not having a lucky day then no matter what you play winning is not going to happen.

        I have gotten much better with following my dad's golden rule but once in awhile i do slip up thinking ........maybe just maybe i can win if i try one more time! It is far and in between i ever come out ahead after losing.

        Do you chase your losses and if so has it ever paid off?

        Lips
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        dtsweet

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        nope; I buy pre-paid cards..what's on them is what I've got to spend..I don't go pick up another when it's out
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        anfransen

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        yeahhh..it's true...set a budget...if u lose that's it
        chasing losses is just like you being "hot"
        if u r hot then u become reckless and u most probably will lose..

        control gambling, not the other way round
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        Johnny Karp

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        "Just play. Have fun. Enjoy the game." -- Michael Jordan

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        I've been chasing losses but not any more, I just set a budget for the session and stop playing when it runs out or cash out when I double the budget.
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        drtheolen

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        I was a little boy when I watched my cousin gambling 500.000 euros on blackjack (back than it was in german marks curency). That session lasted something like 24 hours and I think he smoked no less than 5 or 6 packs of cigarettes for that time. In the end he lost all that money, and I remember well the bad feeling I had after it was over. It kinda taught me some things, I knew from that moment Ill never be addicted to gambling.

        Ofc I do gamble, but I never redeposit if I lose, and always deposit the money I would otherwise spend on some kind of entertainment. I think its a crucial to say that there are no boundaries of how much you can loose when you hit the loosing streak. Just because constant loosing does not happen often, it doesnt mean it cannot happen to you Thats how I think at least
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        Markotik

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        I have a budget and I stick to it. For me, it's simple as that; if I needed to deal with my addiction that wouldn't be fun and entertaining anymore.
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        blueday

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          I have chased losses and needless to say, it didn't always pay off however sometimes it did.  It is a bad thing and a limit is definitely a good way to restrict the amount that can be lost.

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          LuckyRJ

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          i used to chase losses years ago, when i gambled in the local arcade - but i did stop chasing them after a while, and just played what i could afford - and when i started online gambling, i never chase losses because online is far more different to argade slot machines.

          but it paid of years ago in the argade slots a few times when i chased

          LuckyRJ
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          Feelin froggy

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          Limits are nice in theory but many of us can't set and stick to them. Yep, I've chased my losses and ended up a hundred times worse off.
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          fried-eggs

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          I'm guilty of chasing my losses. I love roulette so when I'm losing I tend to bet heavier out of frustration, which I only end up losing a whole lot more. I need to learn to walk away! 
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          Lipstick

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          It can be tough to walk away because gambling in essence is all about taking risks. It is knowing where to draw the line and sticking to it. It sounds like an easy rule to follow but when you are caught up in the passion and excitement it can be easy to throw the rule out the window!
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          bingoaddict

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          been there done that... which only caused me to lose more.

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          Lootva

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          I think it is a good advice not to chase the losses down. I try to stick to the budget that I set for a specific casino/game, a no-matter-what policy. That way, I have a feeling that I am in control of the cash flow, because once you don't have control over it, I guess you can only increase your loss...
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          chocolateman

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          Speaking of chasing losses. My ex been chasing me for the past 3 month. Maybe I should tell her to goto the atm and make some more deposits. Maybe she'll get lucky and win me back, lmao!!!
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          liquorman

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          Hey as long as its her debit card and she wins why not lol. Don't think there is a gambler alive that don't try to chase back the losing blues. It's like playing craps sometimes it pays off and most of the time we want to kick ourselves in the arse for doing it.

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