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Don't Chase Losses

Posted: Mon Sep 18, 2023 3:04 am
by VashStampede
If you're losing, it's not a good strategy to keep increasing your bets in an attempt to recover your losses. This can lead to even greater losses.

Re: Don't Chase Losses

Posted: Mon Sep 18, 2023 3:09 am
by water6530yr
You're right!

Re: Don't Chase Losses

Posted: Mon Sep 18, 2023 3:26 am
by Lois88
You're absolutely right. Increasing bets in an attempt to recover losses is a strategy known as the "Martingale" or "chasing losses," and it can be extremely risky.

Re: Don't Chase Losses

Posted: Mon Sep 18, 2023 12:25 pm
by MorganaFalle0zl
Sometimes, but I usually do this but only for 3x if I still lose on 3rd time that's where I stop

Re: Don't Chase Losses

Posted: Mon Sep 18, 2023 3:18 pm
by Nobunaga387
Thank you for sharing , I will keep this in mind.

I always lose :(

Re: Don't Chase Losses

Posted: Thu Oct 26, 2023 8:14 am
by kkianna92
YEAH!!! YOUR'E DEFINITELY RIGHT! As a fellow gambler, accept that losses happen, my advice is simple never chase losses. It's easy to get caught up in the desire to recover what's been lost, but this often leads to more trouble. and always prioritize fun over chasing money. :)

Re: Don't Chase Losses

Posted: Sat Oct 28, 2023 1:21 am
by LAYLA
You're right. responsible strategy is to set a budget for your gambling activities and stick to it. If you're losing, it's often better to take a break, reassess your approach, and perhaps even walk away for the day. Gambling should be seen as a form of entertainment, and it's important to play within your means to avoid financial hardship. Responsible gambling practices can help ensure that you enjoy the experience without getting caught in a detrimental cycle of chasing losses.

Re: Don't Chase Losses

Posted: Sat Oct 28, 2023 6:59 am
by quartz123
VashStampedegk3 wrote: Mon Sep 18, 2023 3:04 am If you're losing, it's not a good strategy to keep increasing your bets in an attempt to recover your losses. This can lead to even greater losses.
YES! IT'S TRUE!! I AGREE Chasing losses is like trying to catch smoke, The more you chase, the more you lose. Be responsible gambling is about self-control, setting limits, and knowing when to walk away to ensure it remains an entertaining and controlled pastime. just be more responsible to us Good luck everyone! & of course enjoy! :)

Re: Don't Chase Losses

Posted: Sat Oct 28, 2023 7:13 am
by Hammer915
VashStampedegk3 wrote: Mon Sep 18, 2023 3:04 am If you're losing, it's not a good strategy to keep increasing your bets in an attempt to recover your losses. This can lead to even greater losses.
Indeed!! It's important to acknowledge that chasing losses can create a harmful cycle of more losses caused by emotional and irrational decision-making. so to maintain financial stability and make informed choices, it's important to accept losses as a natural part of the process, learn from them, and avoid actively pursuing them. ( because not all the time, we always win the game, there will come a day and time when we lose the game)

Re: Don't Chase Losses

Posted: Sun Oct 29, 2023 6:50 am
by panda251mxq
Hammer915 wrote: Sat Oct 28, 2023 7:13 am
VashStampedegk3 wrote: Mon Sep 18, 2023 3:04 am If you're losing, it's not a good strategy to keep increasing your bets in an attempt to recover your losses. This can lead to even greater losses.
Indeed!! It's important to acknowledge that chasing losses can create a harmful cycle of more losses caused by emotional and irrational decision-making. so to maintain financial stability and make informed choices, it's important to accept losses as a natural part of the process, learn from them, and avoid actively pursuing them. ( because not all the time, we always win the game, there will come a day and time when we lose the game)
yes, indeed! Losses are a crucial component of a responsible gambling process. It’s a fact that not all gambling games will lead to victory; however, appreciating and respecting the element of chance while gambling is what assures financial stability and informed decisions.