Definition

A risky behavior where a bettor increases wager size (or keeps betting immediately) after losses, attempting to win back lost money quickly. Chasing often leads to poor decision-making and can compound losses. It is widely regarded as a dangerous approach contrary to sound bankroll management.

Formula

Example

After losing \$200 on early fights, a bettor decides to **chase** by putting \$500 on the main event (much larger than normal bet size) to try to break even. If that bet loses, the losses grow dramatically. Chasing losses can turn a bad night into a catastrophic one.