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?
I've lost control before and it cost me some money but not enough to turn my world upside down. I quickly learned from my mistake and started handling gambling as it should be handled.
1. When I was still new to gambling, I know about the risk involved before I started but I craved for the experience, how it really feels to win or lose.
2. I don't gamble offline, it is something I prefer to do in my private space.
3. I lost $40 then, and I later battled with the feeling of trying to get the money back, what stopped me was other peoples stories about what happened after they chase their losses, I later let go.
4. My lesson was that I wasn't ready to lose that $40 which was why I felt like chasing the money back, after few weeks have passed and I healed from the loss I started making some money online and using small portion of the balance to try gambling again.
Since that time I ended up coming up with an amount specifically for gambling, since that time it hasn't change, I only reduced the amount when my income from other business isn't much.