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Chasing Losses: Why It Backfires

By Hannah Reeve · 2026-07-11

Chasing losses — raising stakes to win back what is gone — feels logical and is reliably costly. The odds do not remember your last spin, so bigger bets after a loss just increase how fast the bankroll moves.

The fix is unglamorous: set a stop-loss before you start and honour it. Walking away on a down session is a skill, and it is the one that keeps play affordable.