Chasing loses

Loss chasing is a situation in which a player proceeds to make a bet in anticipation of retrieving money lost in earlier bets, or even earlier sets of games, thereby increasing the level of risk leading to further losses.

Psychological Factors:

Players can be dominated by emotional reactions, including frustration, despair, and feeling that a win is “due” on the heels in a run of losses, undermining any kind of rational decision.

Higher Chances:

Loss chasing will often see players betting more than before, which introduces a high level of risk for substantial financial loss, and can deplete one’s bankroll.

Cycle of Loss:

Chasing gamblers may fall into an enabling circle of ever-losing money, which is the downward spiral in gambling behaviour, making it difficult to retreat.

Impact on Bankroll:

This could be quite damaging to a player’s bankroll and often results in financial issues that may further lead to problems or addiction.

Discipline is important:

On that note, with disciplined practices, limits on gaming activities, breaks, and moving on at the right time, a player can save not only his bankroll but one’s head too.