Being Able to Accept the Small Loss

being able to accept the small loss:

in gambling, you are always going to suffer losses sometimes. and actually, if you gamble long enough, you will have a huge losing streak at some point. this is inevitable.

i don't think i fully understood this before i began. they don't advertise this. they don't say, according to mathematical probability, a run of up to ten losses in a row is not even that uncommon after playing long enough. i suppose i was born optimistic, thinking i could win, and i can see now how this could be dangerous, always assuming everything's going to work out.

how you react to a losing streak determines quite a bit, actually. twice, i couldn't stop. i just bet larger and larger chasing my losses. this is not what you should do! you should accept the small loss, stop and walk away.

a win may not make much of a difference but a huge loss, all the money you have and even more if you've borrowed, could ruin your life.

CLEARCHARGE