How Do You Recover from a Huge Gambling Loss?
Recently updated on January 5th, 2023
Most players experience a gambling loss more than once in their gambling career. However, beginner players tend to deny losing some wagers because they feel ashamed. The best thing to do for yourself is to learn how to recover from a gambling loss because it’s inevitable.
Read this guide to learn more about coping with a huge gambling loss when playing at the best online casinos in the United States.
Top 7 Tips on Coping with a Gambling Loss
1. Take a Break from Gambling
If gambling has become a problem, you must be honest with yourself first. So, if you have suffered a huge gambling loss, taking a break from real money gaming can be useful. Try finding other hobbies that don’t require you to use your money.
2. Control your spending habits
Learning how to manage your bankroll is one of the ways that you can recover from a huge gambling loss. Managing your bankroll is an important skill to have when you are gambling online regularly. The best thing about playing online is seeing how much you regularly spend because you have control over your profile.
We advise new players to think about their gambling budget and stay within it. Setting a limit on your credit or debit cards and accounts is another precaution to take to gamble responsibly.
3. Try self-exclusion or a time out
The best online casinos in the US have systems that will help players control their gambling and play responsibly. These systems include a self-exclusion and a time-out feature. When you choose either one of these options, the casino will temporarily restrict you from playing with them.
4. Participate in a responsible gambling community/forum
One of the things you can do to cope with a huge gambling loss is to join a responsible gambling forum. These communities are filled with people supporting each other in gambling. Reputable gambling sites in the United States have resources that you can use to help you gamble responsibly.
These resources include GamCare, BeingGambleAware, Responsible Gambling, Gamblers Anonymous, and Gambling Therapy. Here are some of the resources that you are most likely to find at a casino site:
National Council on Problem Gambling (NCPG)
- Live chat: NCPGambling.org/chat
- Call or text: 1-800-522-4700
- Website: NCPGambling.org
- Twitter: @NCPGambling
- Website: GamblersAnonymous.org
- Website: Gam-Anon.org
- Call: 718-352-1671
5. Reach out for help
If you find that your gambling loss is too much for you to handle, seek medical help. Also, please don’t keep gambling a secret from your family and friends. Because when you have issues, you can turn to them for help and support after a huge gambling loss.
6. Understand your gambling behavior
It’s important to take the time to learn your gambling habits and behavior. That way, you’ll be able to make a positive change when a problem arises. For example, you will be able two detect when you are struggling with your gambling loss.
7. Don’t chase your losses
Trying to win back all you have lost after suffering a huge loss is normal. However, it’s important to take a break from gambling after that loss and accept it. That is one of the first steps you need to take to recover from stress, anxiety, and guilt.