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.
Topic: Dana thought he lost $80k one night and his advice for gamblers - page 2. (Read 832 times)
April 06, 2024, 10:57:44 AM
April 06, 2024, 10:39:58 AM
He lose money and he makes money, as long as he makes more than he lose, regardless on the source of income, he'll be fine. After all, he wouldn't be here in his situation now if he isn't a risk taker.
The relation between his business and gambling is close, even he's not a gambler, he must to gamble because that's the way he make relation and increase his popularity. He will think this loss is kind of investment because you need to spend money to build network.If that is part of the business then good, but the news stated that he was drunk and didn't know he lose $3 million, so that clearly state that he goes overboard, or beyond budget as he is suppose to lose less than a million dollar or just $80k as per the article. He can socialize with friends or anyone that could help his business to grow, but not knowing how much you lose because you are drunk, that's another thing.
April 06, 2024, 10:03:46 AM
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.
Gotta agree with the advice though. Losing is part of the game so if you can't past over that, or if you're simply going to assume that all you're going to experience is winning, then wake up. They're not your friend that gives out money willy nilly. They'd suck the life out of you if you were to slip up, maybe even similar to how this man felt when he mistook 3m for 80k.
That's why casinos loves to serve free drinks because they are investing on us, LOL.. just imagine, with free drinks, casino made $3 million on just a single night, without the dink they'll only get $80k, huge difference.
Yep, but the free drinks have few requirements, one of them is high roller. 
If the free drinks are for everyone, people won't going there to gamble, but there will be many poor people enter the casino in order to get free drinks lol.
April 06, 2024, 09:14:21 AM
That's why casinos loves to serve free drinks because they are investing on us, LOL.. just imagine, with free drinks, casino made $3 million on just a single night, without the dink they'll only get $80k, huge difference.
Yep, but the free drinks have few requirements, one of them is high roller. If the free drinks are for everyone, people won't going there to gamble, but there will be many poor people enter the casino in order to get free drinks lol.
Its business and this isnt some sort of charity on which you would really able to get free drinks or any other freebies on just staying on the casino and not playing. They wont really be that dumb on giving out those free things if you arent playing on which this is something default or understandable. I dont know on why there are people or sayings that you could really be able to get free drinks when you do just stay up on the casino.
If ever there's some free drinks for everyone regardless a player or not then it would might happen for some one time kind of event but not on day to day basis which it would be understandable
but if we do speak about being that offering on an ordinary day then it isnt really that something that do happen.
When it comes to perks and comps then it would really be just that right that they would be focusing into those high rollers or simply with those VIP.
This is where business do flows and its normal to have that kind of treatment.
April 06, 2024, 09:07:01 AM
That's why casinos loves to serve free drinks because they are investing on us, LOL.. just imagine, with free drinks, casino made $3 million on just a single night, without the dink they'll only get $80k, huge difference.
Yep, but the free drinks have few requirements, one of them is high roller. If the free drinks are for everyone, people won't going there to gamble, but there will be many poor people enter the casino in order to get free drinks lol.
He lose money and he makes money, as long as he makes more than he lose, regardless on the source of income, he'll be fine. After all, he wouldn't be here in his situation now if he isn't a risk taker.
The relation between his business and gambling is close, even he's not a gambler, he must to gamble because that's the way he make relation and increase his popularity. He will think this loss is kind of investment because you need to spend money to build network. 
April 06, 2024, 09:01:52 AM
This is why it's important to keep track of your bets and be sober when gambling. This is not an isolated case. There are lots of gamblers out there that experienced the same thing at least once because they are under the influence of alcohol. I can't really accept it if this happens to me, and perhaps that might make me stop betting if I become too careless in the future.
Anyway, that $3m is nothing to a man like Dana White. Dude's just living every man's dream at this point, and he's got a lot of business and things going on for him to enable such a lifestyle. He could easily make that money back in just a few fights and sponsorship deals. But to us common folk, even a thousand might hurt the bank too much.
Anyway, that $3m is nothing to a man like Dana White. Dude's just living every man's dream at this point, and he's got a lot of business and things going on for him to enable such a lifestyle. He could easily make that money back in just a few fights and sponsorship deals. But to us common folk, even a thousand might hurt the bank too much.
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.
It makes sense when you have such an abundance of money that $80,000 doesn't seem like a big deal. This video demonstrates how careless some rich people can become with their money when alcohol and possibly drugs are involved. This can also apply to anyone else, except we don't have three million dollars to lose. But the sure thing is that this combination is bound to make you lose money; it's practically making you dumber by impairing your ability to think straight, which often results in taking unnecessary risks you otherwise wouldn't take. It may not happen every time, but it'll eventually happen.
3 million dollars is a big money. The money should be used to pay some of the elite fighters at UFC Fight week.
That's a separate budget, Dana's money is his personal, I think he also have money from the company he is managing and that is when promoting games in UFC. 3 million is big but with his capacity, he can afford to lose that amount, good thing not more than because he was drunk and he could have lose more. I don't know if he regrets his losses, but if he is a gambler, it's not the first time for him to lose that amount and I am also thinking maybe he won a bigger than that also as a gambler.
He lose money and he makes money, as long as he makes more than he lose, regardless on the source of income, he'll be fine. After all, he wouldn't be here in his situation now if he isn't a risk taker.
He will be fine as he is in the business where he makes lucrative income. But $3 million is still a huge some of money, I'm sure he learn a lesson from that loss that he'll not get make himself drunk too much that he forget how much he lose already. That's why casinos loves to serve free drinks because they are investing on us, LOL.. just imagine, with free drinks, casino made $3 million on just a single night, without the dink they'll only get $80k, huge difference.
3 million dollars is a big money. The money should be used to pay some of the elite fighters at UFC Fight week.
That's a separate budget, Dana's money is his personal, I think he also have money from the company he is managing and that is when promoting games in UFC. 3 million is big but with his capacity, he can afford to lose that amount, good thing not more than because he was drunk and he could have lose more. I don't know if he regrets his losses, but if he is a gambler, it's not the first time for him to lose that amount and I am also thinking maybe he won a bigger than that also as a gambler.
He lose money and he makes money, as long as he makes more than he lose, regardless on the source of income, he'll be fine. After all, he wouldn't be here in his situation now if he isn't a risk taker.
@Rampagoe004. However, similar to what @Cointrader has mentioned, uncle Dana is a professional blackjack player. He earned the millions that he lost on the blackjack games he has played. This is not something similar to someone who took money from his company to lose everything in the casino hehehehe. If he is very good in blackjack, we can also be quite certain that he has earned back the money and earned more after this. You reckon he should support and donate to fighters from his blackjack earnings hehehehe?
Totally not shocking that there are really indeed people who are presuming that this is really actually happening on which they would really be mixing up his own personal funds and company funds and assuming that the funds that been used into his gambling session or activity do came from the company on which it isnt really just right to make out some conclusions. We dont know about his history in gambling pluswhat if he do make use only his personal money or came from his own wallet? People are really that love to judge directly and telling or saying that asking to donate into this and that. loool
As for the advise then its pretty basic on which it would really be just that normal that you should really be that only making use of the amount which you can afford to lose.
Dont make yourself go beyond limits when it comes to spending because it will really be just that messing up your life totally if you wont really be
that responsible into the actions that you are making.
@Rampagoe004. However, similar to what @Cointrader has mentioned, uncle Dana is a professional blackjack player. He earned the millions that he lost on the blackjack games he has played. This is not something similar to someone who took money from his company to lose everything in the casino hehehehe. If he is very good in blackjack, we can also be quite certain that he has earned back the money and earned more after this. You reckon he should support and donate to fighters from his blackjack earnings hehehehe?
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.
Actually, Dana only bet 80k dollars but the alcohol has made the bet to 3 million dollars. This is absolutely crazy. Dana says alcohol is free but someone could take advantage of it. That's an absolutely insane amount. Dana lost more than 25x the intended bet. This is a lesson for everyone not to get drunk when playing cards. You can't enjoy the game if you are drunk.
3 million dollars is a big money. The money should be used to pay some of the elite fighters at UFC Fight week.
This person is a literal gambler and yeah he may not see this coming that he have to lose 3 millions instead of 800k but this is something that he can recover in short time because Dana is a big time gambler and yes have been losing and winning millions each time and like what he says if you cannot accept losing then you should not gamble .
It is a big deal, not a huge one but a big deal indeed.
I just looked it up and according to Wikipedia he has a net worth of $500 million, so he can afford to lose that $3 million, although it is 6% of his total net worth and it must have hurt. Imagine your net worth is $100,000 and going in drunk, you thought you lost $160 when you actually lost $6,000, something like that.
For someone that has a net worth of $500 million, $80,000 doesn't sound like a big deal to me, and probably neither to him. $3 million however, is a considerably large amount of money, even for someone with that kind of net worth. Still, it's not like he'll spiral into a depression for the lost money, it's not someone who won't quickly recoup his losses or who's not making ends meet by any means.I just looked it up and according to Wikipedia he has a net worth of $500 million, so he can afford to lose that $3 million, although it is 6% of his total net worth and it must have hurt. Imagine your net worth is $100,000 and going in drunk, you thought you lost $160 when you actually lost $6,000, something like that.
Let's not talk about the numbers here, it's only a big deal if he feels it's a big deal for him. And also, we don't know what is history in gambling, what if Dana despite being reach have won a lot of money in gambling prior to that lost, so he won't feel the pain or anything.. We easily react and we know part of the story yet, but if we compared that to our lives, of course it's a real big deal as we don't have that kind of money.
Well, for someone with his net worth, it's quite reasonable to not feel like a big deal to him. On the other hand, you're right, someone else, even as wealthy could possibly make it a big deal because that doesn't negate the fact that it's still a huge amount of money. Anyway, these are amounts that we'll possibly never see in our lives, and on the one hand, that's okay, you don't need huge amounts of money in order to be happy. 
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.
Everyone basically know this but the problem is that most people like to win more than they like to lose and as such they cannot understand clearly that if they cannot withstand loses then it is much better for them to stop gambling as if they continue accumulated sadness can transform into depression making things much worse for them.
As for millionaires I never understand why they need to gamble in the first place.
It makes sense when you have such an abundance of money that $80,000 doesn't seem like a big deal.
It is a big deal, not a huge one but a big deal indeed.
I just looked it up and according to Wikipedia he has a net worth of $500 million, so he can afford to lose that $3 million, although it is 6% of his total net worth and it must have hurt. Imagine your net worth is $100,000 and going in drunk, you thought you lost $160 when you actually lost $6,000, something like that.
Let's not talk about the numbers here, it's only a big deal if he feels it's a big deal for him. And also, we don't know what is history in gambling, what if Dana despite being reach have won a lot of money in gambling prior to that lost, so he won't feel the pain or anything.. We easily react and we know part of the story yet, but if we compared that to our lives, of course it's a real big deal as we don't have that kind of money.
It makes sense when you have such an abundance of money that $80,000 doesn't seem like a big deal.
It is a big deal, not a huge one but a big deal indeed.
I just looked it up and according to Wikipedia he has a net worth of $500 million, so he can afford to lose that $3 million, although it is 6% of his total net worth and it must have hurt. Imagine your net worth is $100,000 and going in drunk, you thought you lost $160 when you actually lost $6,000, something like that.
but this is actually something not that shocking when it comes to this because people would really be that trying out to go past beyond their limits specially if they do have that kind of approach on things that they could actually be able to win up the next bet. Once you do have that kind of mindset then you would really be pushing up yourself on trying to attain it.
When it comes to loses in gambling then it is something that could be sky on the limit, no matter how rich or wealthy you are on which damage could really be something significant
on which no matter how rich you are, you would really be able to feel up the pain.
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It makes sense when you have such an abundance of money that $80,000 doesn't seem like a big deal.
It is a big deal, not a huge one but a big deal indeed.
I just looked it up and according to Wikipedia he has a net worth of $500 million, so he can afford to lose that $3 million, although it is 6% of his total net worth and it must have hurt. Imagine your net worth is $100,000 and going in drunk, you thought you lost $160 when you actually lost $6,000, something like that.
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.
It makes sense when you have such an abundance of money that $80,000 doesn't seem like a big deal. This video demonstrates how careless some rich people can become with their money when alcohol and possibly drugs are involved. This can also apply to anyone else, except we don't have three million dollars to lose. But the sure thing is that this combination is bound to make you lose money; it's practically making you dumber by impairing your ability to think straight, which often results in taking unnecessary risks you otherwise wouldn't take. It may not happen every time, but it'll eventually happen. 
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.
Btw, I like this interview and the honestly of this guy as this shows gambling is not really about having fun but primarily making some extra money on what you have regardless of one's financial status.
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.
I wonder when does the depression kick in, when you calculate how much is lost or when you chasing your losses and you aren't winning 
Btw, do winning gamblers ever feel depressed or this is only for losers
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