Topic: Dana thought he lost $80k one night and his advice for gamblers - page 10. (Read 1577 times)

We often hear that advice, however, since we are just human beings and most people prefer to have a quick way to make money, they will continue to gamble even if it makes them depressed because of gambling. I mean, every time they lose their money, they've come down to the point of losing themselves because of it, but they still continue to gamble at the end of the day.

Another important piece of advice I heard in the interview is that is not supposed to be missed by everyone, he also said "I never drunk again when I was playing cards". Being drunk will make you think unexpectedly or make you unable to execute an accurate decision in gambling, it's better to avoid it if you plan to gamble.

For those that understand the consequences that follows gambling losing shouldn't be an issue for them but the truth is that no matter how we say this some people are still going to be affected and those set of people are the ones that have already stipulated only winning in their mentality.  Gambling should be understood from an angle of both the losing and winning because it's a hard fact that can't be ignored but the only thing now is not allow yourself get hurt to a fate that you are actually getting ready to meet the moment you choose gamble.

These rich guys are not a model of people that other people should copy, in this case Dana White lost 3 million US dollars, but there is news from the past in which they say that he won 7 million dollars in a single night in a casino. las vegas and as they don't mention at all he has already made a lot of money from gambling, so in my opinion the guy is not making a loss by losing those 3 million dollars, he is probably making a profit just by playing. We also have to take into account the fact that he has a large fortune, so he must have many investments that give him a lot of profits every day. Let's imagine in this case where he lost 3 million dollars gambling, probably in a few days

or in a few weeks or a few months his business will generate a profit equal to or greater than 3 million dollars and in this way he recovers the money he lost in gambling. I have always said that for rich people who have many businesses that generate a lot of profits, they can play with millions of dollars in casinos and there is no problem because they will recover that amount of money in a short time thanks to the many businesses they have. . now when it is a case of a person who lives depending on his salary at the end of the month, when he loses money in gambling, that person does not recover that money

because the salary comes in the same amount every month, so the money in the person's bank account will not increase, the bills will increase, so the person has a greater chance of getting stress, depression, addiction and it will destroy his life. while for cases like Dana White's he won't be depressed because he lost 3 million dollars in a casino, he won't become addicted to a serious condition because the guy has a lot of money and a lot of things to do in life to the point that he has little time left for gambling. Happy and rich people can spend a lot of money on gambling and they won't have any problems in their lives.

The ups and downs in gambling are truly real; winning is great, and losing is never fun, but all of that is part of the game. Perhaps the important thing to consider before engaging is having the right mindset to handle both wins and losses. He also considers that he made a mistake in getting drunk because of the free alcohol and learned from that experience. He says that alcohol may be free, but you don't have to drink it. However, alcohol can indeed have a different effect when you're influenced by it, reaching a point where you're not aware of your actions. He's right when he says that when your situation becomes depressing, you need to get out of it. And when he gambles, only his money is at stake if he loses, and no one else will be affected.

Alcohol and gambling combined are two of the worst things any gambler can do. At first, if you lose in gambling without having self-control, you can just be chasing your losses until you run out of cash before you can realise your self-talk more of when the person is under the influence of alcohol.
 
One of the things that makes it very easy for this man to lose up to that amount without realising it is that he has the money; he is rich, and the funds are accessible to him freely, so he can easily just spend that without even realising how far he has gone.
 
That's really a hefty amount of money. When I see people spend and waste this much on gambling, it just makes me wonder what kind of budget they usually have for gambling.

You need to be careful while gambling, otherwise you may end up with such huge losses and you won't even realize it.

Can make decisions that will affect your entire life in a single day, without even realizing whether it is 3 million dollars or 80 thousand dollars, and unfortunately, you cannot take back these things. I agree, losing or winning in games are good emotions, but the more emotions you can handle, the better. This way you can understand your feelings better.

Lucky for him, he can afford such amount of huge loss. If you are just an ordinary gambler, it will be a devastating moment. But anyway, you won't reach that situation in a physical casino, because you will only wage what you have.  

But being intoxicated to anything, will always give trouble. Even outside casino. So if you think you can't handle yourself anymore, let someone bring you home or bring yourself home as soon as you realize you are not thinking clearly or on the verge of subjecting yourself to shame.

When you are benched on alcohol, you will not know exactly what you are doing, because you will do things due to the control of alcohol. Most times, you will not know what you are doing and when gambling, it is the worst because you can gamble with your entire bankroll unknown to you. It is surprising to see a man like this not that worried on losing $3M on gambling and will still continue gambling.

It shows that these rich gamblers always  lose more than the poor gamblers. Imagine if a poor gambler won the amount that this man gambled with unknown to him. It means that the poor man have hit the jackpot of $3M. It is good that when we are gambling, we stay away from alcohol or whatever, will make us not be conscious of ourselves to avoid great loss that might affect our lives tomorrow.

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.

Just want to share.

https://youtu.be/k7aQEqDbuf8?t=4429
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.