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Why It Is Never A Good Idea To Chase Your Losses

June 28th, 2019 by LuckyMobileCasinos | Follow us on Twitter Here

Are you tempted to play, despite a losing streak, thinking it means that the next spin will get you a win? Time to read this casino blog post.

Why You Don't Chase Your Gambling Losses
Why You Don't Chase Your Gambling Losses
18+

Chasing losses is a very bad gambling tactic: that’s when you continue playing casino games with the hope of recovering the money you have already lost.

This psychological determination often traps gamblers and causes them to lose amounts significantly higher than their original losses.

If you are an individual who has fallen into this trap, not only is this a sign that you are losing control of your gambling but generally means you won’t walk away happy.

Why do gamblers chase your losses?

No matter whether you are a casual or professional online casino player, every person is after that big win and losing bets can cause significant frustration and anxiety.

Poor luck, combined with a bad emotional state, is detrimental to a player’s gambling tactics, as it can cause you to make poor decisions based purely on emotions.

Gambling is designed to be fun and entertaining, rather than an instrument of escape. When chasing losses becomes the main priority, more and more losses are accumulated – as well as debts.

Stick to your betting strategy and avoid chasing bets at all costs. It rarely ends well. That’s why we write good reviews for Mr Green have safeguards that lets you put limits on deposits and how much you play; always gamble responsibly.

3 Tips on How to avoid chasing losses

Of course, it’s easier said than done, because how do you know when you start chasing losses.

Well, here are three tips to keep in mind when you are playing and how to make sure you keep in control and realise when you are just playing (and losing) and when you are chasing your casino losses.

Manage your bankroll wisely

Bankroll management is essentially a player recognising how much money they have available to use.

Setting a limit will ensure you don’t blow all your deposit should you start losing more than you are winning.

If you are only playing with a set amount of money, which is a relatively modest figure, you are less likely to walk away with nothing.

How do you know if you are chasing a loss? When you make a deposit over your limit. Simple. So don’t do it, close your phone or Android Tablet and walk away.

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Don’t gamble while in an emotional state

As we mentioned previously, gambling should always be seen as a fun and entertaining way to pass the time – rather than an escape for everyday troubles.

Professional gamblers who are successful are level headed and don’t let their emotions get in the way of their betting.

If you start making bets and wagers while depressed or coping with emotional trauma, this can cause you to make silly mistakes and placing spontaneous bets with money you don’t have.

If you’re not in the mood to have fun, don’t gamble. Online casinos are here for your entertainment. Just like you shouldn’t go to a bar and drink your sadness away, stay away from casinos online.

Don’t take it personally

Although losing is not the nicest feeling in the world, you should never take any losses personally.

Online casino games are purely based on chance or luck, so the house edge is eventually going to catch up with you if you carry on playing.

Understanding that losing scenarios are inevitable will help you prepare and equip you with the tools you need to succeed at gambling.

At the end of the day, your mental state of mind needs to be ‘Ah well! That was fun anyway’ – if you start to get angry, frustrating or feel like you might start shouting to customer services… that’s when you might be chasing your losses and you should walk away.

Summary

Here at Lucky Mobile Casinos, we always encourage players to gamble responsibly and never to chase their losses.

As long as you are betting within your set bankroll and not deviating, there is nothing you need to worry about. If you do not play online casino games in a responsible fashion, you risk losing significant amounts of money and no one wants that.

To read some unbiased casino reviews and obtain gambling advice from a team of experts, the Lucky Mobile Casinos website is where you need to be.

We have put together information about a variety of mobile casinos, offers, promotions and platforms – you know we are the website you can trust.

And if we can give you one piece of advice, play on a casino that takes responsible gambling seriously like Mr Green, who have special tools to help you keep you in control, and give you a warning when you are playing out of characters.

Plus you get a great welcome bonus which always helps when testing out a new casino site.

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