The Act
A casual bettor lost his weekend stake and did what every gambler swears they won't: he chased it. Bigger bets, borrowed money, "just one more to win it back." Each loss demanded a larger bet to undo it.
The Price
Months later he'd burned through his savings, maxed out credit cards, and owed money to friends who stopped calling. The original loss was a few hundred dollars; the chase cost him tens of thousands, his credit score, and relationships that money can't buy back.
The Lesson
The money you lost is gone. Every "recovery bet" is a new, bigger risk made by someone already tilted. Set a hard stop before you start — an amount you can walk away from — and leave the moment you hit it.
FAFO Index
10/10 — the house always wins, and the chase always loses.
Bottom Line
Chasing losses isn't a strategy. It's a second, dumber bet.