Quote from: Vaskiy on November 25, 2023, 11:03:35 PM

Quote from: BitcoinPanther on November 25, 2023, 09:58:21 PM

We need the realisation, luck hadn't favoured and that's the reason we had lost the bets. Once again trying to hold back the luck and keep on wagering with the hope of recovering the loss is wrong. As stated when we're in loss our minds won't work good. It keeps wavering and even our prediction and picks won't be ours. We want to recover what we've lost and continue to wager out of control. Even we don't know what is the bet amount we've placed, only after losing everything we check the bet history.

Luck never comes unexpectedly and luck cannot be chased in any way.
It quite strange to see those gamblers who always try to recover from their losses and think that luck is on their side, recovering from their losses can cause someone to fall into cycle of difficulty and this is what actually happens but most gamblers cannot realize it.
There have been many incidents where gamblers have experienced setbacks and they are still trying to get back what they have lost, but experiences like this cannot be used as lessons to change attitudes and behavior in gambling.

Quote from: Nerdy doctor on November 25, 2023, 11:53:59 PM

Quote from: Silberman on November 25, 2023, 11:00:19 PM

And the easiest way to avoid this mindset is to avoid betting too much money from the beginning, this way if things do not go your way and you start to lose, the losses you will suffer will be small and there will be no need for you to chase your losses, as you know very well that you will have the funds to pay for all the things you need in order to keep your home running as it should, however something so simple is beyond most people and they only realize this once they have suffered massive losses.

Or rather, have/carry a set amount that is to be spent in the casino before leaving your home. With a little discipline, you’ll pack up and head home when you’ve burnt through the set amount of money designated for gambling. That could help a little to resist the urge to continue playing with hopes of winning all the money lost earlier.
Perhaps it’s only when a huge portion of your total money is completely exhausted, that’s when realization sets in about how much has been spent.

Talking about financial limits when gambling is very easy, in fact I personally often say that gamblers can limit their finances so they don't go overboard because it can increase the budget that has been set.
What more, gambler without financial limitations does have more time and betting sessions, so losses are also likely to be greater.
But unfortunately some people also say that just talking is an easy thing but implementing it is difficult thing to do.