Dana thought he lost $80k one night and his advice for gamblers - page 7.

Questat

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Quote from: Apocollapse on March 27, 2024, 08:54:29 AM

$3 Million is just a peanut for him, it's not even 1% of his net worth.

What need to worry is poor or middle class people who get drunk and gamble at the same time, if they only earn $2K per month, but they gamble $1.5K at that night, this will cause a big problem for them.

Quote from: Kakmakr on March 27, 2024, 01:13:10 AM

Dana obviously have a gambling addiction problem, seeing that a lot of casinos blocked him from gambling at their establishments.

Fun fact, he got banned because he's a high roller and win a lot/url], so it's not about gambling addiction.

Gambling addiction doesn't mean he is losing all the time or most of the time. He loves to gamble consistently, that's already called as a gambling addiction. Well, as long his finances are not greatly affected, I think that's fine, and his gambling addiction making him ban from a casino because of his huge stake, that's a good kind of addiction as that means he is making money if I'm not mistaken.

Apocollapse

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$3 Million is just a peanut for him, it's not even 1% of his net worth.

What need to worry is poor or middle class people who get drunk and gamble at the same time, if they only earn $2K per month, but they gamble $1.5K at that night, this will cause a big problem for them.

Quote from: Kakmakr on March 27, 2024, 01:13:10 AM

Dana obviously have a gambling addiction problem, seeing that a lot of casinos blocked him from gambling at their establishments.

Fun fact, he got banned because he's a high roller and win a lot/url], so it's not about gambling addiction.

Jody.Drummer

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Quote from: BABY SHOES on March 26, 2024, 01:55:44 PM

Alcohol can forget everything including that he won't think he has spent a lot of money even though he only remembers that it was just a little and gambling under the influence of alcohol then it will have a bad effect because he is half-conscious.

But he realized that even though he lost $3M and it is true that in gambling winning or losing will still happen so it must be realized for all gamblers.

Although he lost by not experiencing any major depression it should not be imitated maybe he has more money reserves than us, never imitate the gambling style of a pope they are still immune to money even though they lose a lot while if we lose it will be severe depression.

Yes that's for sure, or it means that this happened because of the influence of the alcohol he consumed which obviously has the effect of removing consciousness which in the end is like the one experienced by the person mentioned by the OP where he only remembers that he only lost $80k when it was much more than that which he must be quite angry and disappointed with such a situation, however the effect of alcohol can eliminate or reduce a person's level of consciousness and it will greatly affect him in terms of making decisions that lead to excessive actions and which usually end with regret.

Gambling is always about winning and losing and even though he was aware of this I still think losing the amount of $3M is a painful loss of money, and if I were in a situation like that then yes maybe it seems like I could end up stressed, but if for example he did not overreact to the situation of his loss then yes maybe he is one of the rich people who still has a lot of other spare money outside of the money he lost, in the end it is still a valuable lesson that we should make an example to never gamble while consuming alcohol or anything that can intoxicate and remove consciousness because the impact can be unexpected.

Kakmakr

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Dana obviously have a gambling addiction problem, seeing that a lot of casinos blocked him from gambling at their establishments.

You cannot take advice on how to gamble from someone that has a gambling addiction problem, because they are not in control of their own actions. (You can take advice from him on how to stop, if he can get help and if he can stop gambling)

He will have a hard time kicking that addiction, because he is surrounded by Sport and gambling advertising all the time.

ethereumhunter

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Quote from: blckhawk on March 26, 2024, 11:22:34 AM

It's a good advice but the only problem is that it's not working so far, people seem to care more about doing a breakeven rather than stopping and taking a pause in their gambling to either stop the bleeding of money from the losses or to rethink a new way to do things. People have no self-control and most of the time, it's detrimental to whether they'd follow a logical advice like this one and with a lot of people that's becoming financially unstable because of their messy gambling habit, it seems that the theory that a lot of people don't have any kind of self-control seems to have to some ground.

What happened to Dana is a really devastating thing for him but a prosperous day for the casino definitely, that amount that his lost in gambling is probably enough to make me retire right now so damn, I can't even begin to fathom how expensive that loss is, don't drink and gamble kids, you will never know how much you've lost until you're sober.

That's because people still wants to make more money than what they've got before. They don't satisfy with their win instead still wants to continue playing gambling because they thinks that they have more chances to win more money. But if they can thinks that in gambling, they will difficult to make money, they will not trying to playing gambling more after they win. They will stop playing gambling and trying to take care themselves from the increasing of their emotional. They can thinks that it's enough to win some money and stop gambling because they can playing gambling in the next days and maybe they can win more money.

That's an example for us to always avoids drunk while we playing gambling or doing other activities because we will not realizes about what we do. When we playing gambling while drunk, we will not care about around us and will not stop playing gambling. That's a risks for us because we can lose all of the money while we will difficult to win.

coolcoinz

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One thing that strikes me in that interview is he went to bed like normal and was perfectly fine about losing $80k. The real amount lost was too much for him, but 80k was fine. Wish I had that much money so I could wake up in the morning and say damn, 80k lost, let's eat some breakfast and think of how I can win it back. Most people would be devastated after a $10k loss. 80k is the price of a small house.

Lessons to learn from this?
1. Be happy it wasn't you.
2. Don't drink and gamble.
3. Don't worry, even if you're drunk you won't get Dana's credit line. They'll probably tell you to leave and maybe (if you're lucky) get you a cab and make sure you tell the driver where you live.

blockman

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It's part of the game and gambling, as long as there are winners and losers then someone to expect that he can be in both of it or mostly on the side of losing.
Well, these are like rich men normal thing that they'd lost ONLY $80k but what amount is that to us, right?
And then finding out that he's lost $3M so, nothing changes to him but heck that's a lot of money and for sure that he had scratched his head there.

Lanatsa

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Quote from: bittraffic on March 25, 2024, 11:49:12 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.

Losing 3M and just nothing? I dont think so that this one would really be that just fine or something an amount that he could neglect about but the main difference about into these people that they could easily
generate out these amounts and this is why they are really that confident when it comes to this manner on which you would really be that playing and thinking about being a small amount since you know
that its something that you could easily earn or make into with your business,ventures or investment or whatsoever. This is why its not really that shocking they would really be having those kind of
words on regarding their losses.

Well, leaving a basic piece of advise is indeed considerable on which if you are someone who do hate up loses and becomes that too stressful thing for you then gambling isnt really for you.
On the time that you do afford on losing up a certain amount as if its nothing then this do means that you are really that expecting that gambling does
really give out that kind of effect.

BABY SHOES

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Alcohol can forget everything including that he won't think he has spent a lot of money even though he only remembers that it was just a little and gambling under the influence of alcohol then it will have a bad effect because he is half-conscious.

But he realized that even though he lost $3M and it is true that in gambling winning or losing will still happen so it must be realized for all gamblers.

Although he lost by not experiencing any major depression it should not be imitated maybe he has more money reserves than us, never imitate the gambling style of a pope they are still immune to money even though they lose a lot while if we lose it will be severe depression.

Yatsan

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Quote from: bittraffic on March 25, 2024, 11:49:12 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.

Unfortunate, indeed but at least he can cope with the loss and that he's not on his worst situation still. Let's say that's because he's rich but if ever such thing will be occuring more frequent then it won't be safe to assume that he'll just be fine on his own. At least he learned something from this mistake of him. Needless to say, we shouldn't be embracing the risk in the first place if we are not fully aware of things. One worse scenario is losing more than what you can really accept once you got up from being unaware. The moment you knew, is the time things are too late and you'd be lucky already if you will be able to accept things instantly 'coz it would be most likely that you won't. It is like answering a mathematic equation while you're sleepy, would you be hitting the right answer, given that things should be analyzed? Most likely, you won't. Chance of losing is bigger so at least be preventive of making your loss bigger even with the smallest things such as maintaining consciousness whenever you are betting.

Ever-young

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Quote from: Oshosondy on March 25, 2024, 11:59:17 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.

Indeed, alcohol has the ability to impair your ability to make decision and can also cloud your judgement too making you to make poor decisions that has the ability to affect your finance and possibly make you loose money on the process without even knowing what you've done to yourself.
In the case of Archie Karas, he ended up losing a fortune because he was under the influence of alcohol and not thinking clearly. People should really be careful when under the influence of alcohol, that's the best time to relax your mind and not the time to involve yourself in things that would require your to make certain decisions, especially decisions that concerns your finance.

blckhawk

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Quote from: ethereumhunter on March 26, 2024, 07:21:00 AM

When you lose some money, you needs to stops playing gambling and not thinks to recover your lose. You needs to check your money and if it's almost runs out, it's better to stops playing gambling rather than lose all of your money.

It's a good advice but the only problem is that it's not working so far, people seem to care more about doing a breakeven rather than stopping and taking a pause in their gambling to either stop the bleeding of money from the losses or to rethink a new way to do things. People have no self-control and most of the time, it's detrimental to whether they'd follow a logical advice like this one and with a lot of people that's becoming financially unstable because of their messy gambling habit, it seems that the theory that a lot of people don't have any kind of self-control seems to have to some ground.

What happened to Dana is a really devastating thing for him but a prosperous day for the casino definitely, that amount that his lost in gambling is probably enough to make me retire right now so damn, I can't even begin to fathom how expensive that loss is, don't drink and gamble kids, you will never know how much you've lost until you're sober.

Zlantann

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Quote from: bittraffic on March 25, 2024, 11:49:12 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.

Not knowing how much he lost shows that he is not accountable. Regardless of how much he is worth, $3 million is not a small sum that should go unnoticed. Does it mean that he doesn't have separate account for gambling or he doesn't receive transaction alerts? I don't like seeing this kind of publicity or interview because it could influence newbies in gambling. However, his advice is valid because gambling is not for the chickenhearted. After all, losing is part of the game. To avoid deep regret or depression we have to gamble with the amount we can afford to lose. I checked the net worth of Lex Fridman and the estimate is about $ 4 million. Was he joking or too drunk not to know when he blew his life savings?

Quote from: Doan9269 on March 26, 2024, 10:53:11 AM

Alcohol addiction has caused a lot of gamblers huge lost in their asset because many have made some mistakes that led to the forfeiture of their digital asset because of being drunk while exposing their private information's, some gambles with the entire money they have in which they wouldn't have done so if they were in their normal sense, we have to be very careful of the acts we will be playing in which will have a future negative repercussion on us as such with gambling under influence of alcohol.

We shouldn't engage in any activity if one is drunk. The only option will be to seek assistance, take a bath if possible and a good rest. Many people have lost many valuables including their lives because of irresponsible use of alcohol. He should be regretting his action instead of justifying it with sound gambling advice.

Doan9269

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Quote from: Ruttoshi on March 26, 2024, 10:41:26 AM

Quote from: bittraffic on March 25, 2024, 11:49:12 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.

Excessive intake of alcohol is bad, and it can make us misbehave and take decisions that can become a problem in our lives tomorrow. This is why you don't need to take more than your limit. Gambling and alcohol are two vices that can destroy someone due to addiction. Imagine a person that is addicted to alcohol and gambling, he would run at great loss unknown to him, if he gambles when he is drunk, compared to when he is not drunk. This is because whatever he is doing then is unknown to him.

Dana is a gambler that is used to winning and losing, and he is rich so he does not care about if he losses heavily in gambling, because he knows how to recover back the funds through different channels. Don't gamble when you are drunk, because it is unethical.

Alcohol addiction has caused a lot of gamblers huge lost in their asset because many have made some mistakes that led to the forfeiture of their digital asset because of being drunk while exposing their private information's, some gambles with the entire money they have in which they wouldn't have done so if they were in their normal sense, we have to be very careful of the acts we will be playing in which will have a future negative repercussion on us as such with gambling under influence of alcohol.

Ruttoshi

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Quote from: bittraffic on March 25, 2024, 11:49:12 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.

Excessive intake of alcohol is bad, and it can make us misbehave and take decisions that can become a problem in our lives tomorrow. This is why you don't need to take more than your limit. Gambling and alcohol are two vices that can destroy someone due to addiction. Imagine a person that is addicted to alcohol and gambling, he would run at great loss unknown to him, if he gambles when he is drunk, compared to when he is not drunk. This is because whatever he is doing then is unknown to him.

Dana is a gambler that is used to winning and losing, and he is rich so he does not care about if he losses heavily in gambling, because he knows how to recover back the funds through different channels. Don't gamble when you are drunk, because it is unethical.

Crypt0Gore

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Quote from: bittraffic on March 25, 2024, 11:49:12 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.

Very funny, you lost 80k and you thought the casino got you good, not knowing that the real lose is millions of dollars, let's just imagine that this man isn't a millionaire or maybe this is all he has, it means he just went bankrupt.

Still think that drinking alcohol is good? It is if you can take very little of it, but it is a competition in my country, from one bottle to another, if the amount is higher they will be able to brag about it.

Alcohol consumption is bad, it kills the kidney and it makes you lose your senses, I don't know why people are so into it, if any gambler who loves to drink is reading this now, they will learn if they are smart, and if they are the stupid type they won't.

qwertyup23

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Quote from: bittraffic on March 25, 2024, 11:49:12 AM

<..snip..>
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.

Oh my God! Imagine the past losses that he incurred- he probably thought that he only lost "xxx" amount of money but in reality, he lost more than what he thought of.

This really shows on how gambling can quickly cloud your judgement especially if you pair it with other vices. Like what you mentioned OP, he probably has that automatic response whenever he losses like he bets quickly in order to recover it.

This should be an eye opener to everyone. I think it is definitely a good practice for you guys to track down your losses in order to prevent any unexpected loss. Even if you have a big budget on gambling, step on the breaks and re-evaluate your position. Keep your head high and your feet on the ground- count your losses and call it a day if it is too much!

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Quote from: moneystery on March 26, 2024, 08:36:14 AM

even when sober, a person needs to be careful when gambling, because he could gamble more than he can afford, especially when he is drunk, this should not be done because drunk people cannot think and tend to just play for their own pleasure. when someone is drunk, they will think that what they are doing is just having fun and they will not think that it could be a disaster for them.

and because of the dangers of gambling while intoxicated, one needs to limit themselves and not consume alcohol or anything that could impair their sobriety. because casinos will never forbid someone who is drunk from gambling, instead they support that person, because they think that it can give them money.

Casinos won't forbid someone who is drunk from gambling, but they'll do it instead if someone is lucid enough to find a way to win at their games. Nothing personal, only business.

But I remember a case that I read here some months ago about a drunk/drugged man who was arrested by the police because of an incident in a casino. You are allowed to drink to the point of losing your money, but not more Cheesy

Jody.Drummer

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Quote from: Oshosondy on March 25, 2024, 11:59:17 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.

Right, I agree with you that it looks like the person gambled in a physical casino where there are facilities that we don't find in online casinos where you can buy a bottle of beer to make the atmosphere more pleasant but without realizing that this action can affect you in terms of making decisions when betting and like what happened to the person who lost a large amount we are talking about here where he didn't even realize that the amount he lost was $3 million and not $80000.

Yes basically as we know that the effects of alcohol can make our consciousness decrease which sometimes it can make us make decisions without hesitation and without any consideration which in turn can trigger the impact of regret at the end of the session when their consciousness has recovered. The advice is that it is definitely better not to consume anything that could trigger a loss of consciousness in yourself, especially when you want to bet because obviously the impact can be like the one experienced by the person who lost the large amount we talked about here or even worse than that. The reason is because decision making must be based on sobriety and rational consideration so that everything runs in balance according to what you can be responsible for.

aioc

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Quote from: bittraffic on March 25, 2024, 11:49:12 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.

The interview just proved how the man he is to admit that Vegas did not make him drunk he did not make an alibi about having too many drinks and being deceived into getting drunk, this is where I admire him he is right drinks are free in Vegas but you don't have to drink all what's been offered to you.

It's a good lesson for him, so he made sure that he will not get drunk again while gambling, people tend to forget what they're doing when they are drunk, so gambling and drinking don't mix.

Topic: Dana thought he lost $80k one night and his advice for gamblers - page 7. (Read 1597 times)