Need your input: How do you know when to walk away?

[Webzcas]

This is a question that is applicable to everyone. We all have encountered incredibly bad runs when playing online. Especially when we have over stretched the budget we had in mind.

So the question is, how do you know when to walk away? Have you ever found yourself whereby you are chasing your losses?

I have had some very poor runs where I have done way more than I ever wanted to. Especially when I was an affiliate in the late 2000's and early 2010's. Thankfully though, I have never put myself in a position whereby my bankroll starts eating into my monthly living expenses.

 

[SlamRoyale]

This doesn't happen with me in gambling but it applies because its about knowing when to quit.

Buddy system. Something I used successfully when I was doing trading. Which if you do, you know is as addictive as gambling. Has the same psychological effects as gambling (you lose, you chase losses, you deposit more, you panic, you dont sleep, etc).

So most of us who trade like gambling, nobody knows. Or if poeple know they don't know we spend so much time/money. But if you have someone you know who also does it, you both do a buddy system. You both know every session, every trade. Every deposit at least, sign off each other.

When your buddy shows the signs, you step in. When you show the signs, he steps in.

I know and you know for us to have our own self discipline when chasing a big loss is almost impossible...

 

[satchnz]

Once my £50/$50 deposit is gone then it’s game over for me. If I double or greater my deposit I tend to withdraw (assuming 1x wagering complete). If this is early in my session I’ll deposit another 50 to somewhere else, rinse and repeat. By the time my second deposit is either gone or withdrawn I’ve normally had enough anyway.

 

[Milaroy]

For me, it comes down to a mix of discipline and pattern recognition. If I’m no longer making rational decisions, chasing losses, or telling myself “just one more spin” after hitting my original stop-loss or win goal, it’s time to walk. I’ve also learned to spot the emotional shift... once the fun turns into frustration or obsession, I step away.

 

[greylady]

It's not all about winning for me, I really don't mind losing if I get 'play time' but when I can't even get that over an extended period I just stop playing, sometimes for weeks but I have been known for it be months.

I am going through that phase now, nothing seems to bonus or I just can't get ahead, becomes predictable and boring so extended break for me

 

[Downsman]

I have a small monthly limit in place that can't be changed 'till the following month.
So when it's gone that's it..works for me and I only have one casino to play at now.

 

[Jono777]

Stuck to my set monthly budget for years and years now (In fact actually reduced it a lot when I lost my content writing job) Usually upload to Skrill and when it's gone, it's gone.

Mega rarely gone over it, and barring acts of god, never left myself short for day to day life expenses etc. Bills have always been paid on time.

May make extra deposits than normal (don't laugh) if I withdraw something decent but also never blown the lot back, always get something, even a little something to show for it.

Still enjoy a session but it does bore me a lot quicker than it used to which helps me to be "not that bothered" - Predictability has grown over the past few years, I often(ish) say out loud what's going to happen before I hit 'Spin' (no Jon, impossible with random games )

Latest "tool" is that I rather have peace of mind, nice things, extra takeaways, treats etc that sit here flogging a dead horse.

If a balance holds then yes, I'll play more on an evening to "boredom bust" but not make extra deposits chasing losses, something I don't feel I've ever done.

 

[geordiecolin]

This is a question that is applicable to everyone. We all have encountered incredibly bad runs when playing online. Especially when we have over stretched the budget we had in mind.

So the question is, how do you know when to walk away? Have you ever found yourself whereby you are chasing your losses?

I have had some very poor runs where I have done way more than I ever wanted to. Especially when I was an affiliate in the late 2000's and early 2010's. Thankfully though, I have never put myself in a position whereby my bankroll starts eating into my monthly living expenses.

Funnily enough I have found that all of the above could be related to dating and relationships too

 

[Webzcas]

Funnily enough I have found that all of the above could be related to dating and relationships too

With only a couple of furlongs to go, you are in danger of winning the internet for today with that post

 

[greylady]

Funnily enough I have found that all of the above could be related to dating and relationships too

What kind of woman do you date?

 

[geordiecolin]

What kind of woman do you date?

I must admite that I did once get involved with a lady that made extra cash by facilitating her companies clients. Although I sometimes enjoyed the fruits of her labours I was not an affiliate

 

[goatwack]

I used my own thresholds and personal limits when dealing with the relentless slot birchings I'd endure.

I'd expect losses like the next man, yet when the games' lack of playtime would become all too apparent, my Shit-Luck-Shutoff would engage and I'd cut my losses......for about 20 minutes.

Obviously with modern games' tendency to be on the high-variance side, coupled with the absence of low-roller-friendly bonuses, playing with straight cash just become too expensive an endeavour, more so upon lamenting how much I'd just wasted, monetarily, let alone time.

In the end, post- Flash I'd find no real playtime on any slot I liked, and didn't much fancy pursuing the 'newer' slots of the Pragmatic/NLC era, until I settled on just going through the motions on the slots I knew best (didn't work out).

I like to separate disposable monies on different things, and more often than not prefer acquiring something tangible; any number of different things covering different interests. Yet when I found myself allocating most of it to chasing gambling losses, it all became rather too much like hard work!

Yet another Bonanza chase was the final straw, though one might say it's hardly the most 'balanced' game out there, with its somewhat erratic flourishes. Yet with it, I'd finally reached my Arse-End-Apex and went on slotting hiatus. That's what rigged games get you!

If you find yourself alone, riding in green fields with the sun on your face, do not be troubled. For you are in Elysium, and you're already dead! spending all your disposable money, towards the pursuit of acquiring more money to dispose of, in a never-ending cycle, then you know you've been had, and some introspection is in order

 

[winner2021]

Well I'm now getting reminders after an hours play on slingo-always when I'm up of course that I should "take a break" then if I don't, 5 mins later they tell me they might have to limit my account! Half the time they're wrong about the time and I've been playing less than an hour anyway. My play hasn't even changed, or it's probably reduced. And surely an hour is a perfectly reasonable amount of time to gamble on occasion? It's not like I'm in the casino dawn til dusk. I realise a lot of money can be lost on regular slots in an hour but slingo can get you some good play time. UKGC is really getting sites to overstep at this point.

 

[TheAddict]

Usually give up and walk after the 3rd or 4th (occasionally 5th) consecutive deposit attempt that fails.

 

[Avernite]

Having had issues in the past I only gamble now when the wife is nearby to reign me in. She's my voice of reason. Over time my habits have improved.

I really need to start listening when she tells me to change games though! Nothing worse than bonus chasing a dead game.

 

[Anton T]

I have no problems walking away when I’m winning, I find that easy, my problem is when I’m chasing losses, I don’t know when to stop.
I will explain further, Im a roulette player but only play on a single zero table. a few years ago I put this system together where I could easily win 10 units a day in a matter of minutes and then cash out, the system was based on following the wheel rather than betting against it, in other words I was placing bets on numbers or outside bets that had recently come up rather than doing the opposite, some players assume for example that if a black has not dropped for several spins then it’s due to drop , I do the opposite and back the colour or odd even/ low high that has just dropped. Anyway I can go weeks winning 10 units every day, so at £5/$5 a unit I make £50/ $50 a day , it’s great and I think I’m clever and invincible and then like all systems it completely does the opposite and I’m chasing the loss like a mad man because I can’t bear to lose.

 

[SlamRoyale]

Funnily enough I have found that all of the above could be related to dating and relationships too

Yeah, we have wingmen in dating but not a buddy to tell us to walk away when its time Some people I know are addicted to losing at relationships

 

[paraded]

I try to take a little break for a week or 2, then try again. If the results leave much to be desired, I take a break again. My longest period of silence was about six months. Sooner or later the winning streak comes back