Join date: Jun 23, 2022

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Resisting the urge to chase losses Even if you’re a highly disciplined soul, the hypnotic sway of the casino can seduce you into uncharacteristic behavior. One typical lure that pulls gam- blers off the cliff of control is chasing your losses. For example, say you’ve lost more than you intended

But, you think, if you could just win one big bet, your problem would be erased. So chasing your losses is tempting, especially in a casino where people seem to be winning all around you. The sad fact is that most people lose when gambling. And when people lose, they tend to want to get their money back. Even though it’s almost always a quick path to ruin, the urge to chase losses is a phenomenon that seems to sweep over casinos from the Mississippi River to Monaco. Don’t fall victim to chasing your losses!

When you seek to retrieve that lost money, you start throwing good money after bad, hoping to win it all back. To avoid losing even more of your gambling bankroll, treat a loss as just that: a loss. Say no to the next hand or play, and say yes to some other activity. One reason some of the best professional gamblers win is because they don’t chase their losses. As a matter of fact, the best pros win, not because they’re lucky, but because they have a long-term perspective on their gambling. Annie Duke is one of the world’s top poker players.

Her philosophy is not to fixate on individual sessions or daily results. She feels that — over time — all play- ers get dealt the same cards. The important difference is how skillfully you play those cards. Maintaining a proper emotional attitude and composure, even when you’re losing, ultimately spells success.


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