Chasing Losses

Chasing Casino LossesThe Same Old Roulette Story

It's a Sunday afternoon, and you decide to throw $200 into your casino account for a few casual spins on the roulette wheel.

You can't really afford to lose this (your first bad decision of the day), but its a nice round number and you tell yourself that you're not going to play with more than $100 of it anyway.

So you make your deposit and load up a roulette table, preferably European roulette because you know it gives sweeter betting odds.

Things start out pretty well, and you're up $100 within 20 minutes after a few well placed even-money wagers and you're thinking you might actually be leaving the game with more money than you started with today. To try and ride with lady luck for a little longer, you throw in some random $5 straight bets along with some $10 outside bets to see if you can hit a bigger payout.

Unfortunately things don't go you're way, and you've lost $50 on you're first spin.

Should You Have Another Spin Of The Wheel?

It's a little disappointing, but not too bad.. you're still up overall. However, the fact that you did have $300 but you are now down to $250 is starting to grate on you a little. Without too much thought, you click on 'repeat' and hit 'spin' hoping for the best, looking to recoup the unfortunate loss of the last spin.

But much to your disbelief, you get pretty unlucky once again, and you're back to where you started. Now you mean business.

This time you're genuinely frustrated with having lost all your winnings within two quick spins. You're at a decision where you can choose to follow your head and leave the game with your original $200, or go balls to the walls and raise the stakes to try and come out the other end with a profit. Let's just say you don't follow your head, and you decide to go for glory.

What Is Your Next Move?

You lay $100 on red, click spin and close your eyes, waiting and hoping that the next time you open them you see $300 in the corner of the screen.

However, your heart sinks when you open them and see $100 left. It's really all or nothing now, and the next losing bet of the remainder of your money leaves you feeling desperately lost. You're left with a sickening feeling of losing more than you can afford, when only 2 minutes ago you were sitting at the table with $100 more than you started with.

Chasing Losses On Roulette

That was a quite a long story for something that is only supposed to set the scene, but I think it was deservedly so. I'm hoping that reading that story recreated an uncomfortable feeling inside you, so that you can fully appreciate how chasing losses can land you in a very sticky spot when reading this article.

Almost everyone has chased a loss from time to time, whether it be big or small. But at the end of the day, chasing losses is an awful trait that you want to shake off at the earliest opportunity.

Stop Being a Loss-Chaser

To avoid being a loss-chaser, you have to change your overall outlook on the game, as well as to try and keep focused on the bigger picture at all times. As soon as you start getting caught up in the heat of the moment, you can expect to wave goodbye to whatever money you have in front of you the majority of the time.

Here are a few things to remember when you're playing roulette (or any casino game for that matter):

  • Expect to win and lose. If you expect to lose at some point, you won't be shocked when you do.
  • You can't guarantee to keep your winnings if you are gambling with them.
  • Don't play with money that you can't afford to lose. You know this, so just don't do it.
  • Gambling is entertainment, not a way to make money.
  • You are in control of your actions, you can decide to leave as well as decide to play on.


They are all pretty cliché things to remember, but it's all too easy to set them aside when you hit a big loss and decide that you're anger and frustration knows best.

Remember that you are the one that decides how long you play for and how much you are betting, so don't forget it. It's funny how the feel-good emotion of a good win is not quite on the same level as the stomach-sinking feeling of a big loss, so try your best not to recreate it the next time your at the roulette table.

Don't Get Caught Up In The Moment

There's no point in having read this article if you're just going to blame you're next loss on “getting caught up in the moment”. Keep everything in focus, and focus on having a good time rather than playing to always win at all costs.

It's no fun if you're losing more money than you can afford.