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 have been in such a situation many times, but the bitter experience is that on the advice of my distant brother, I made a lot of money in the initial stage by betting on a gambling bet like an offline lottery system. But then I got greedy and kept buying lottery tickets again and again to get the highest prize. At some point, even though all my profit money was gone, I kept buying my lottery tickets. Finally, even after all my pocket balance was gone, I could not win the highest prize. Finally, I had about $50 in my local currency in my pocket. When I wasn't involved in the income, $50 was a big amount for me, and I still haven't forgotten that experience.