Keep Losing Money Gambling
And now, let’s continue with the obvious question: How to recover lost money from casino? Is this possible? Can you still take something back for lost money at casino?
I manned the roulette wheel for about 6 months back in my college days, and the most amount of money I ever saw someone lose was $2,500. He put $100 on 22 different numbers, red, even, and second half. I'll never forget his face when zero showed up. The most amount of money I ever saw someone win was around $12,000 or so, give or take.
- You Don’t Have a Bankroll. It’s not the most fun part of gambling, but it’s undoubtedly the most.
- You’re Placing the Wrong Bets at the Casino. All casino games have a house edge—a mathematical.
- Okay, so you just lost a cool 100k, don’t panic. You can always get it back if you take.
The short answer is no. And you already know this: No casino (or online casino) will refund your money just because you lost. Remember that these are called “games of chance” for a reason. The operators do not guarantee any winnings and you cannot take your losses back. Do you go to the betting booth after losing a sports bet and ask for your money back? It is the same principle: Lost money online casino (or land-based casino) won’t be refunded, period.
There is only one scenario in which the answer to how to recover lost money in casino question is yes: Fraud. If your account is hacked and a third party used your balance to play games, then yes, the casino may choose to refund your losses. However:
- This is not mandatory. The casino may not choose to refund your losses even if you can prove that your account is hacked.
- Proving a hack is harder than you think. The majority of players who lost try to use this excuse, and we do not know even a single case where the casino accepted a hack really happened.
So, while possible in theory, it is near impossible to recover your lost money at a casino because of a hack. However, we have a suggestion for you: If you play at online casinos, you can win back a certain percentage of all your losses automatically. This is called a “casino cashback bonus”: By using it, you can save some of your losses at all games. For example, there are online casinos out there that refund 25% of all losses every week. Yes, it is not the solution you want, but it is still an option. More importantly, this is the only legal way of getting a refund, so we advise you to benefit from this promotion.
Casinos can be a great pastime. They have something for everyone. If the thrill of spinning slots isn’t your thing, maybe you’d prefer doubling down at the blackjack table. When you win, it feels awesome; that’s the appeal that brings people to the casinos in the first place.
While it’s fun to win, we all have our losing streaks. Sometimes we lose a lot. I once lost $100 in 10 minutes at a video poker machine. We’ve all heard of the house edge, but is it possible to increase your own edge?
We’re about to shed some light on the situation. With a little luck, you’ll be able to turn your fortune around. Here’s why you lose money at the casino.
Managing your bankroll is the most important thing you can do at the casino. We all want to bet big on the games. After all, the bigger the bet, the bigger the win.
The problem is you can’t guarantee a win every time. You can’t even guarantee a win every dozen games. If you have a bankroll of $60 and lose three $20 bets, you just blew through your whole budget in two minutes.
Take into consideration how long you want to play. If you’ve got a bankroll of $60, why not split it into smaller bets of $1 per hand? At least this way, you’ll get to play 60 rounds and stand a stronger chance of winning. The rewards may be smaller, but you’ll get a lot more entertainment playing two hours than two minutes.
Keep Losing Money At Casino
This may seem like a silly thing to say, but you might be playing the wrong games. If you’re losing every time, you might want to try something new.
When you’re selecting a casino game, it’s important to consider the house edge. In general, finding a game with a lower house edge gives you better chance of winning. If you’re used to luck-based games like slots or roulette, you might want to try skill-based games like blackjack or video poker.
In fact, video poker is a really good choice for machine players. Slot machines can vary in regard to house edge, ranging between a low of 5% and a high of 30%. With Jacks or Better video poker, you will recover 99.54% of your money throughout your lifetime. Add in a lifetime of comped drinks, and you’ve made out like a bandit.
Many people search for casino game strategies. You’ve probably done it yourself at one time or another. The problem with a lot of strategies is that you either have to be an expert player with a spreadsheet of numbers in your head, or you need a massive bankroll.
Don’t fall into the mindset of thinking, “Well, if I use this system, it’s bound to work in the end.” We do not recommend counting cards or increasing your bet after every loss. Unless you’re a billionaire with a near-unlimited bankroll, those are losing strategies. Unless you have unlimited money, you cannot beat the house, period.
Casinos know these strategies don’t work. You can almost see the curt smile on the dealer’s face as you double your bet again and again. Instead of using a strategy like this, manage your bankroll in the ways noted earlier. Be smart about it.
While there are some skill-based games, casinos are all about luck. You’re going to suffer losses along the way. Even professional gamblers cannot guarantee they’ll always win, because gambling relies on a certain amount of luck.
Don’t let a loss or a losing streak get to you.
What To Do When You Lose All Your Money Gambling
It’s common for players to suffer a loss and then start throwing out higher bets without thinking. You need to remain logical and, again, manage your bankroll effectively.
Casino gaming should be fun. If you get angry or stressed, it’s time to stop. Don’t throw away everything you have left in an attempt to get even. It’s not going to work. Never has, never will.