Did the cards get you wrong, was the game manipulated or were you just unlucky? Regardless of the exact reason, learning how to recover from a serious gambling loss is no easy task. Join us in this informative blog post as we outline the reasons for developing a gambling addiction and share how to deal with gambling losses.
In this article, you will learn how to recover from severe gambling loss. First, we will start by knowing the main reasons and factors that put players on that dangerous path of heavy losses and developing a gambling addiction.
Let's take a look at two instinctive behaviors to overcome gambling loss.
Chasing the losses
The first way to not recover permanently from a big gambling loss is to keep "chasing losses". When some gamblers lose a couple of times in a row, they don't keep their horses. Instead, they firmly believe that since they have consistently lost, the big win is just around the corner.
This is a very dangerous mindset, as chasing losses is the reason some people struggle with dealing with losing games. After a few ill-fated attempts, these players realize their frenzy has resulted in huge losses and are determined to win them all back. Of course, such attempts are usually unsuccessful and can lead to even more colossal exhaustion.
Post Loss speeding
Another common unsuccessful practice in dealing with gambling losses is what is known as "post-loss speeding". After a big loss or a steady stream of failures, some players quickly start betting one after another. That behavior is due to the personal frustration caused by the defeat and the immediate attempt to recover the lost money. Rather than being more careful with their budget, post-loss speeding often makes players more impulsive and even reckless.
How to Recover from a Game Loss - Step by Step Guide
We have all experienced gambling losses in our gambling careers. Frankly, "the loss shouldn't be in the singular". For a casual player, having a few failed hands or spins wouldn't spoil the fun. The amount of money lost would be so negligible that such games would have no negative effect.
In comparison, some gamblers who struggle with their gambling habits are likely to have trouble recovering from gambling losses. That's why we've compiled a list of some of the most common strategies for dealing with gambling loss.
Take a break from the game
Just like with cigarettes and any other type of addiction, tackling the problem head-on and completely eliminating the undesirables from your life is always a good option. But first you have to be honest with yourself. If gambling has become a problem for you, temporarily or permanently stopping real money gambling are two options to consider.
Control your spending habits
Perhaps this step of figuring out how to recover from a big gambling loss is one of the most critical. You should always be in control of how you spend your finances. We always advise players to take care with their gaming budget and never exceed it.
Join a responsible gaming community
One of the best responsible gambling practices is to join a responsible gambling community. Some of the best known responsible gambling organizations include GamCare, BeGambleAware, Responsible Gambling, Gamblers Anonymous and Gambling Therapy.
Joining a gambling-related support group is an important step in sharing your experiences and struggles with addiction. A lot of courage and bravery is needed to succeed in this attempt to recover gambling losses. Also, if you are part of these support groups and communities, you can read their material and gain more knowledge on the subject.
Contact medical help
Once you become part of a responsible gaming community, you will definitely join a support group or get a sponsor. You can share with them and be held accountable if you misbehave. However, if even this step proves useless, it may be time to seek professional medical help.
There are residential care centers made especially for such occasions. They are usually remote facilities where patients have all the support and resources they need to heal from the daily grind of gaming life. Additionally, the staff working in such locations are trained and educated to provide the best possible medical care to those who overcome a gambling loss.
Not knowing how to recover from a big gambling loss is a significant problem found all over the world. Fortunately, responsible gaming organizations have many useful documents that players can use. If you're struggling to get over the game loss, try our tips and suggestions, but if the situation spirals out of control, be sure to seek appropriate assistance.