Why You Should Never Chase Your Losses

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  • Written by Anette
  • Posted on August 12, 2020
Home News & Articles Why You Should Never Chase Your Losses

Ever since gambling was created, players have been developing different strategies to help them manage their bankroll and win.

Some strategies proved to be more, some less efficient, while some performed terribly, although even that didn’t stop punters from using them.

The biggest problem with such strategies is the fact they cost money. Well, online gambling or in a real casino generally cost players money, but that doesn’t necessarily have to be so expensive. One of the strategies you should avoid is chasing losses, as you’re probably going to end up losing even more money.

Chasing Losses

Chasing losses is when you continue to gamble hoping you’ll be able to return the money you’ve already lost. On many occasions, players will go on believing they’ll win in the end, spending more money to reach that goal.

Although many players claim they have a feeling they’re close to scoring a big win, chasing losses is only the beginning of a downward spiral that is a clear sign a person has lost control of his or hers gambling.

Chasing losses is often accompanied with a rollercoaster of emotions, from anxiety to worry and frustration. As you try to get even, you rationalize your losses, and this becomes the primary goal of your gambling, taking away all fun out of it.

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You may start to make excuses to justify what you’re doing, like saying it’s just an unlucky wager and even be confident you’ll manage to win back your money.

All of this will drive you to gamble more frequently and to spend more money, even in those situations when you clearly have fewer chances of scoring a win. And instead of returning the money, the losses keep on amassing.

The Best Way to Avoid Chasing Losses

It’s not easy to stop chasing losses, but it’s possible. Here are some things you can do.

Don’t Be Obsessed with Taking Back Your Money

It’s hard to stop, especially when you think your lucky break is just around the corner. And this feeling is normal, although it’s likely you’re just fooling yourself.

Woman losing playing slot machines
You should never chase your losses in online casinos. Here is why.

When you’re only focused on winning back your money, you won’t be able to consider all other things, such as all additional losses you’ve made while chasing your losses.

The feeling this streak of bad luck is about to end can lead you to dangerous territory.

It’s Not Personal

Losing is not a great feeling, and it’s something no one likes. But make sure not to take it personally.

You don’t have to prove to anyone you did everything right, because doing so will give more logic to your attempts to get back the money. It will force you to risk more and maybe even increase your losses.

In the end, you may start borrowing money to continue your efforts, creating additional problems, and more pressure.

Knowing When to Stop

As we’ve already mentioned, chasing your losses is a signal to stop gambling. It can be a warning sign of a gambling problem, so taking a break could prove to be a smart decision.

Taking a break will allow give you time to clear your head and turn your attention to other things you enjoy doing.

The feeling of wanting to return to chasing your losses won’t last that long. After some time, you can go back to gambling, although you should always bear in mind to gamble responsibly.

The best advice we can give you is to never gamble more than you can afford to lose. That way you can continue playing and still feel good when you wake up in the morning. It’s tempting to try and take back the money you lost, but trust us when we say it could lead to much bigger losses. Visit OnlineGambling24.com today and play for free before you’re ready to start playing for real money.

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