I think all of us as gamblers have experienced losing control at some point. It usually leads to chasing losses, which turns into blind betting....a dangerous cycle. In my experience, whenever I’ve chased my losses, I’ve ended up losing more than I can afford to lose, and most of the time, the outcome is not good.
So how about you? What’s your biggest regret when it comes to chasing losses?
1) Can you name a specific situation where you chased your losses?
2) Were you playing online or offline?
3) How much did you lose?
4) And what did you do after that?
That’s true, I have also experienced that painful feeling, stress and bad decisions if you cannot handle that situation, probably you will lose more than money or financial crisis, but your whole life will turn into dark and misery. The worst thing that could happen to a gambler is losing control over his emotions and start chasing his losses with blind strategy and without any money management.
In response to your question, my biggest regret is losing an important amount of money that should go to my studying expenses. What’s worse than that is taking debts to gamble more in an attempt to earn back my losses.
I have shared much details on my journey until recovery and what I went through if you ever want to visit one of my topics.