He might have consumed alcohol due to which he made a mistake in selecting the correct number at that time. He lost more money than he thought. Gambling is already very risky, a gambler can lose all his money due to a small mistake whereas if a gambler gambles under the influence of alcohol then his loss is guaranteed. Gambling can lead to both profit and loss but still we should try to gamble responsibly so that we don't make any big mistakes. Whenever we make a big mistake we will face a big financial loss. Gambling should be done with a relatively small amount of money without taking excessive financial risks and should make informed and cool minded decisions regarding gambling.
You are right about alcohol because it is also written in the first post. Mistakes can happen not only for the drinkers but if we are more careful, we can minimize or prevent them. The only moment gambling became very risky is when we are staking with huge amounts. A small mistake is only small but they can be deadly sometimes. If only we deposit money that are not huge enough, it's not going to be a big deal losing them all at one go. Gambling under the spirit of alcohol does not guarantee a loss. I remember some also ended up with a huge win but it does not mean that we will now follow it. Some activities should be done separately. 
Topic: Dana thought he lost $80k one night and his advice for gamblers (Read 832 times)
April 09, 2024, 06:46:35 PM
He didn't lose focus, he lost money... $3M is a lot of money, but not for him, I think he can afford to lose this amount. I like what he said about gambling and life, he is pretty much an honest guy with some crazy life experience, so I think he can be trusted. Life is full of ups and downs, and sometimes crazy shit happens to us, but instead of crying for losses, we need to suck it up and continue fighting. I agree with him that people who fight with depression should stay away from gambling (and social networks), and people who have a hard time when it comes to dealing with downturns should stay away from gambling.
While I'm of the opinion that gambling is not for the faint of heart, I'm really surprised how you would easily proclaim him to be trusted and honest? Unless you know the guy personally, you might want to take whatever he said especially experiences with a grain of salt. Gambling is a risky business and only those that have the stomach to take on negative outcomes, should indulge. In my experience, losing a bet is hurtful for everyone but some people have come to the realization that you're never going to win all. You will win some and lose some.
At the end of the day, staying pessimistic makes it easier to deal with gambling outcomes. This way, you're not surprised or disappointed by the outcome if it doesn't go your way.
April 09, 2024, 06:32:47 PM
This guy is not a role model for this kind of thing because despite his popularity, he cannot be trusted since he lost his focus in a crucial moment of his life ...
He didn't lose focus, he lost money... $3M is a lot of money, but not for him, I think he can afford to lose this amount. I like what he said about gambling and life, he is pretty much an honest guy with some crazy life experience, so I think he can be trusted. Life is full of ups and downs, and sometimes crazy shit happens to us, but instead of crying for losses, we need to suck it up and continue fighting. I agree with him that people who fight with depression should stay away from gambling (and social networks), and people who have a hard time when it comes to dealing with downturns should stay away from gambling.
April 09, 2024, 04:35:11 PM
This guy is not a role model for this kind of thing because despite his popularity, he cannot be trusted since he lost his focus in a crucial moment of his life ...
He didn't lose focus, he lost money... $3M is a lot of money, but not for him, I think he can afford to lose this amount. I like what he said about gambling and life, he is pretty much an honest guy with some crazy life experience, so I think he can be trusted. Life is full of ups and downs, and sometimes crazy shit happens to us, but instead of crying for losses, we need to suck it up and continue fighting. I agree with him that people who fight with depression should stay away from gambling (and social networks), and people who have a hard time when it comes to dealing with downturns should stay away from gambling.
April 09, 2024, 11:32:16 AM
This guy is not a role model for this kind of thing because despite his popularity, he cannot be trusted since he lost his focus in a crucial moment of his life ...
He didn't lose focus, he lost money... $3M is a lot of money, but not for him, I think he can afford to lose this amount. I like what he said about gambling and life, he is pretty much an honest guy with some crazy life experience, so I think he can be trusted. Life is full of ups and downs, and sometimes crazy shit happens to us, but instead of crying for losses, we need to suck it up and continue fighting. I agree with him that people who fight with depression should stay away from gambling (and social networks), and people who have a hard time when it comes to dealing with downturns should stay away from gambling.
April 09, 2024, 11:07:19 AM
When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.
Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.making those impulsive actions because you cant really be able to control your emotion and this is something that you should really be watching out. Any possible things that you might be able to encounter which its really that part of their strategy. Ex. having no clock at offline casinos where gamblers cant be able to know what time it is.
As for loses then this would really be depending on how far you could really be able to reach or last because we know that house do always win at the end.
If you are lucky enough then you might be able to pull up something but most of the time you would really be consider as a loser.
April 09, 2024, 10:05:27 AM
He was interviewed on Lex Fridman's channel just today. Funny how he thought it was just $80K but it's actually $3M. Rich men lose more when they get drunk playing blackjack.
He advises about winning and losing in gambling and if you get depressed because of it, gambling is not for you. He meant winning and losing are part of the game where great things and bad things happen.
This is proof that drinking and gambling should not go together but casino operators freely serve liquor to their clients because they know that gamblers when intoxicated will do foolish things when they are gambling, obviously Dana White is not aware of this, but now that he losses $3 million instead of $800k.
Now he is preaching that gambling and drinking should not go together, because even if he is a big-time promoter, $3 million will hurt his pocket.
If you're going to drink and gamble, be sure you have someone at your side who is sober and will decide for you if you are out of control.
April 08, 2024, 06:07:32 PM
This guy is not a role model for this kind of thing because despite his popularity, he cannot be trusted since he lost his focus in a crucial moment of his life and you can see that money is nothing for them since they can earn it back sooner or later and this is what should people avoid when playing because if they cannot control their emotions or play drunk like what he did, they will forget their needs and continue playing without taking account of the consequences later. For him, it was a big lesson and still, he has his properties but for others, it would be a life-ending story since that will probably cost him his life.
April 08, 2024, 05:54:22 PM
When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.
Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.and be wary on the things that is happening around would really be that enough or sufficient for you to be able to make yourself to realize on what are the things that you should really be needing to be done
for you to be able to avoid up such disaster towards gambling. You wont really be putting up yourself on such trouble if you are really just that making yourself that responsible towards your actions.
When it comes to potential loses then it would really be sky is the limit or simply it would really be basing up on how much money you could really be only have.For those people who are rich or known personalities
then they could really be able to spend up tons because of their financial capacity and same goes into the amount that they could potentially lose up too.
Having those advises and words of wisdom isnt that bad to hear out but its actually that something basic on which yourself could be able to find out easily.
April 08, 2024, 05:48:35 PM
When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.
Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.
April 08, 2024, 02:47:35 PM
Saying that "it's just $80K" shows that they really have all the money in the world and it's just a drop in the bucket, you know? I agree in some ways that if you get depressed, it's definitely not for you. You need to get checked because it's YOU who decided to gamble and YOU decided to risk an X amount of money. It's all part of the risk when you are gambling.
I wish i had his problems to worry about. Oh, I lost some money gambling, no new Ferrari this month
Rich people's problems are the least of my concerns, but it's nice to imagine from time to time and think of all the things we could do with just one of Dana's monthly paychecks.
I dare to say you could build a whole house for yourself, buy a good car, furnish the house and you'd still have some money left with just one of his paychecks.
For most people losing that kind of money would mean depression. For him it's just a cool story to tell at parties.
April 08, 2024, 02:04:53 PM
When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.
Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.Let put it this way mate, you don't drink alcoholics that have high chance of getting someone drunk, because when we use the word Drinking it can be water, fruit juice, wine ,whiskey, etc. So the best opinion as you have given is not getting drunk while gambling.
It normal as the big guys are fond of drinking while they gamble but you the low guys only get drunk when they lose. In essence the message Dana was passing out but seems most persons didn't really get, is for gamblers to build discipline so as to avoid Ill situations from gambling.
Imagine it was someone else (poor, middle class) that was in such situation it would have resulted to suicide, depression, emotional disturbance. So by all means Moderation and Discipline is needed as a gambler. Because it takes only a system to conquer another system, so as to make you the master of the game and not been played by the game.
He is rich and from what I have heard, his message is that losing and winning is part of gambling. This is for the rich, middle class and poor who are trying to gamble, they have to understand that this can happen to all whether they lose or win regardless of whether them being drunk or not. And so if you are not ready to accept you lost a hundred and you wanna come back for it, then you are going to start a bad habit, that is the crossroad right there.
April 08, 2024, 01:07:55 PM
When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.
Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.Let put it this way mate, you don't drink alcoholics that have high chance of getting someone drunk, because when we use the word Drinking it can be water, fruit juice, wine ,whiskey, etc. So the best opinion as you have given is not getting drunk while gambling.
It normal as the big guys are fond of drinking while they gamble but you the low guys only get drunk when they lose. In essence the message Dana was passing out but seems most persons didn't really get, is for gamblers to build discipline so as to avoid Ill situations from gambling.
Imagine it was someone else (poor, middle class) that was in such situation it would have resulted to suicide, depression, emotional disturbance. So by all means Moderation and Discipline is needed as a gambler. Because it takes only a system to conquer another system, so as to make you the master of the game and not been played by the game.
April 08, 2024, 08:41:22 AM
When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.
Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.
April 08, 2024, 07:59:02 AM
From being $80k and telling it was "just" already means a lot for someone like me but I can speak for the majority of us that it certainly is a lot of money and there's the behind the scene with it. That also shows on how rich Dana that can lose $3M on just one particular night. I can't even attain to lose thousand of bucks or even hundred but with him, it seems that it's just nothing but well, this is how the rich plays. Money is truly a tool to them that they can use to have fun. While he's on a better state of giving advise to the other gamblers because he won't lose his entire money on it. It makes sense to give the reminder to everyone that no matter how much money you have, make sure that it seems nothing to you when you lose or else you're going to regret and will have to work your ass hard off with it until you recover it. We're far from Dana but we can have that mindset that how much we lose in gambling can be literally nothing or even more that we afford to lose. From the basic and simple tips that we're saying to the other gamblers of losing what they can afford to lose is the whole point of it.
April 08, 2024, 07:38:37 AM
It's a very unfortunate incident like that, to be honest. This just goes to show that drinking alcohol in excess is not really good for us. Just like that, think 80k is very far from 3M dollars. What does he think is different from $80,000?
It costs a lot; it's also stressful; you probably haven't slept well for a few weeks or months; and it's probably hard to move on in that state. So don't drink too much or get drunk when gambling; let this be a lesson to our gamblers.
It costs a lot; it's also stressful; you probably haven't slept well for a few weeks or months; and it's probably hard to move on in that state. So don't drink too much or get drunk when gambling; let this be a lesson to our gamblers.
Probably not as stressful as we think, Dana is is a millionaire and he has a big business that could generate millions consistently for him, so I think $3 Million does not hurt his pocket a lot. Actually, we won't be able to compare how we feel to how he feel because we are not on his level, I mean this guy has a net worth of half a billion dollars, we aren't even a millionaire yet, so we don't feel the same way.
We might think we will regret a lot or think that it will destroy our lives, but if you are making more than $3 million per month, you can easily let of that as money are meant to be spent anyway, the fact that he got drunk, that means he had fun.
April 08, 2024, 05:56:44 AM
It's a very unfortunate incident like that, to be honest. This just goes to show that drinking alcohol in excess is not really good for us. Just like that, think 80k is very far from 3M dollars. What does he think is different from $80,000?
It costs a lot; it's also stressful; you probably haven't slept well for a few weeks or months; and it's probably hard to move on in that state. So don't drink too much or get drunk when gambling; let this be a lesson to our gamblers.
It costs a lot; it's also stressful; you probably haven't slept well for a few weeks or months; and it's probably hard to move on in that state. So don't drink too much or get drunk when gambling; let this be a lesson to our gamblers.
April 08, 2024, 05:21:36 AM
Losing $3 million and thinking he lost $80000. Alcohol is not good for those that drink too much of it. I think he gambled on a land base casino where you can have fun and be given alcohol. I do not like that kind of mistake, people needs to be careful of alcohol in anything they are doing. It is even not only while gambling but in everything we are doing because during alcohol intoxication, bad things can happen and the person may later blame himself when he feels no more intoxication. Mild to moderator drinking while gambler is better than excessive drinking. Also we should know our limit.
Alcohol is not good for anything that would require you to think, which is practically more important if you're into games like Blackjack which would require you to play more attentively and smartly. You understand that this is Dana White, the person that casinos fear because of his skills at playing cards, he's got the game by the chokehold that casinos are literally banning him just because of the amount of money he's making them lose, and he lost 3 million bucks all because he got too inebriated. If it's just pub games and if you're with people you can trust, like close friends or family members, you don't gotta worry and just go crazy, hell, at the end of the day everything is fun with alcohol and when you're drunk, but if it's in a place where you're needed to be in there, attentive and all focused at all times, then don't be stupid and make sure you don't get piss drunk that you can't even tell the difference between 80k and 3 million dollars. It's just that easy my friend.
April 07, 2024, 11:42:24 PM
When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.
Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.making those impulsive actions because you cant really be able to control your emotion and this is something that you should really be watching out. Any possible things that you might be able to encounter which its really that part of their strategy. Ex. having no clock at offline casinos where gamblers cant be able to know what time it is.
As for loses then this would really be depending on how far you could really be able to reach or last because we know that house do always win at the end.
If you are lucky enough then you might be able to pull up something but most of the time you would really be consider as a loser.
April 07, 2024, 10:32:07 PM
When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.
Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.Jump to: