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Online Casino Conditions >>> Gambling Tips >>> September 2007

Avoiding the Temptation to Chase After Losses in the Casino
by Mike Harrison, Strategy and Games Writer

We have probably all been tempted to bet more than we are accustomed to all in the interest of chasing after losses. Even if it's been just one bet, most of us have chased after losses at one time or another. Although it might prove successful at times, more often than not, chasing after losses only spells disaster.

One of the biggest temptations for casino gamblers after going on a long losing streak is to bet the rest of one's bankroll on a single wager. It's kind of like saying, "Well, I practically lost my entire bankroll anyways, so I might as well put the rest of it on the line". Another excuse is, "It would take me forever and a night to get my bankroll to where it was when I started my gambling session, so I might as well up my bets while I still have some money to work with". While these may or may not sound like reasonable excuses to you personally, most gamblers are guilty of exercising this type of thinking in the casinos.

The best way to keep this from happening is by using preventive measures along the way, which essentially amounts to being objectively aware about the state of your gambling session irregardless of wins and losses. Not only should you set yourself losing limits, set yourself break points. In other words, before you log into the online casino, tell yourself that if you go down $100, then you are going to take a ten minute break. Do this even if your total loss limit is $500.

Furthermore, it's never a good idea to put your entire bankroll at risk - even if it's free money. Especially when gambling in online casinos, bets get spent before you know it. If you keep telling yourself that you have nothing to lose and are going to put it all on the line, you will certainly be tempted more to take risky bets and chase after losses. While it's good to not be overly attached to your gambling money, it is also good to not be too unattached, if you know what I mean.

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