Dana thought he lost $80k one night and his advice for gamblers - page 9.

DubemIfedigbo001

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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.

Should we call this a deliberate act by the casinos business owners who exploited him by giving him excess alcohol knowing fully well he could afford as much money as he could possibly lose in that gambling session?, or his carefree attitude that incurred such Loss for him. $3m is a huge money to loose to a casino. Perhaps he's filthy rich and is not bothered, rather advises people of the true nature of gambling.

Nevertheless, being drunk while gambling isn't much of a good thing, because when drunk, you take everything lightly without really thinking of the implications of your actions. He's lucky he could afford his loss, lest he'll be in some serious trouble settling debts. Generally, we should desist from behaviors that lures us into irresponsible gambling.

Samlucky O

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This is not the first time someone is gambling under the influence of alcohol. The last time it was somebody who lost some bulks while on drug. because drug gives him the confidence or mind to play without having a second thought of lost or the amount spent on gambling. But all those are not supposed to be done. Gambling is a delicate game that need concentration to know wether you are at more wining or more losing side. If you are not on drug or alcohol, you may notice how everything is, by being sensitive to know you are losing or wining more. but If you are on highness you may end up continuously playing. having a higher hope of winning till when you blow off your fund, then you will know that you have been motivated wrongly by the alcohol you've taken. So alcohol and drug is not for gamblers. Those are elements of party, not needed in a financial situations. be it gambling or other business deals.

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Quote from: adpinbr on March 26, 2024, 03:17:15 AM

I will never advise anybody to keep a bottle of alcohol by his side while gambling I see gambling as something you need to do with a clear eye to clear how your game is going the errors and know when to stop gambling is a very big risk sometimes is good sometimes is bad that is just the way of gambling right from the origin. We just have to be careful that it’s all about gambling.

Not having alcohol will be almost impossible in physical casinos. The casinos make the environment appear fun and they know people like alcohol and include it. But people under alcohol intoxication will be reckless and that also applies to while gambling. They will just think they should gamble more. I drink alcohol but I am very careful and that can not happen to me. What I have to blame is the man but it is his money and not mine.

adpinbr

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This is really funny, thinking you lost 80,000 meanwhile it is actually 3 million wow big loss, alcohol is really bad because you won’t realize yourself. alcohol will make you enjoy the game even when things are not going right and you keep losing, alcohol will make you feel like you are doing the writing so I will never advise anybody to keep a bottle of alcohol by his side while gambling I see gambling as something you need to do with a clear eye to clear how your game is going the errors and know when to stop gambling is a very big risk sometimes is good sometimes is bad that is just the way of gambling right from the origin. We just have to be careful that it’s all about gambling.

davis196

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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.

I guess that's why they bring alcohol in the traditional casinos. Grin

It's a sneaky tactic to squeeze more money out of the gamblers.
Online gambling is better, maybe because you don't get drunk, while you are on the computer, or maybe some people do get drunk while playing online gambling. Grin

I agree with him that losing is a major part of gambling, and that's the main reason why you can't gamble with money you can't afford to lose. The difference between 80K and 3 million is very big. Maybe this guy was completely wasted. Did he use a credit card or something? Gambling with a fixed amount of money is a must. Never max out your credit card in the casino. Grin

Z390

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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.

Alcohol is free, but you don't have to f**king drink it.

This is it, when a friend visits a casino he claims they all serve free drinks and thats why he would go there another time to gamble again, I asked how he manage to gamble when drunk, he said it was fun but he did lose his money.

Some casinos have their ways with gamblers, they will get you drunk and you will lose even more money that you aren't prepared for, drinks shouldn't be served in a casino, it's a trick to lose your god-damn mind.

This is a good lesson to learn in the video you shared OP, and I believe that some people on this forum still use casinos that are visible to gamble this days, unlike me that only gambles online.

This man lost 3M dollars and it's cool with him because he has won millions from gambling, he is a rich motherfucker, do not compare yourselves to him, I think that the casino did take advantage of him by using the free drinks, don't be the next victim.

Questat

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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.

This guy is a legend, losing $3 million is okay for him? I like to be in his status but I don't know if he is telling the truth or not.

Well, for a guy who has a net worth of $500 million, that's just not even 1% of his total net worth, so he is fine with that as he has a lot of money coming from his business.
https://www.celebritynetworth.com/richest-businessmen/ceos/dana-white-net-worth/

For us, this should not be our thing, never get drunk if we don't have a lot to lose and we are quiete serious with what we are doing as liquor will make us confidence and foolish at the same time, no wonder casinos serving free drinks.

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Quote from: darkangel11 on March 25, 2024, 03:34:37 PM

For those who haven't watched it, he got drunk and called the manager to give him credit and they agreed to it, even though he was drunk. He thought it was 8k because he passed out after the game and woke up the next morning not remembering all of it.
This is crazy, not only because he was given all that money on credit and they knew he was drunk and would eventually lose it. You don't think straight when you're drunk like that. They could rob you leave you naked on the street and you wouldn't remember any of it. They could make you sign all kinds of things.
Remember folks drink, but don't get drunk like he did. Get a couple drinks and stop, or you'll make similar mistakes.

Do you think he was scammed by the GM like taken advantage of by the manager there because he was drunk?
Yes. I think so too. They are laughing their ass out for doing it while Dana almost regrets drinking the whiskeys they serve for him. Probably drugged.

All the people on the table that night probably win and he is the only loser on schedule. Drinking while playing cards, the ladies probably sit on his lap too while playing. When a rich man gets drunk and everyone gets to make money.

Poker Player

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Well, these are amounts that may seem outrageous to many of us but it's like someone with a more modest income thinking they've lost $80 and after they sober up they realize they've actually lost $3K. In any case the lesson is clear: just like don't drink and drive don't drink and gamble.

rodskee

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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.

That is happening in so rich humans like Dana where though losing so small comparing
to the actual amount? imagine how much money we are talking here but for Dana seems to
be nothing for him but for people like me this is a life changing amount that can feed even
the 3rd generation of mine.

pinggoki

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As much as I want to feel bad for Dana, that 3 million is probably going to be an easy money to get back for him being a promoter of UFC and all, definitely not that damaging for him but his advice about gambling is true and it's a really obvious thing too, gambling will always give you losses and wins but mostly losses so either you make it your life to get those wins despite losing a lot than you should or you could control how you would gamble. Remember that not all of us don't got the Dana White money, it's not going to be a good time if that ever happened to any of us, remember that, unless you're an obscenely rich socialite that won't mind losing that much money then good for you but it seems that not any of us is that kind of person, better to check on your gambling spending.

Yaunfitda

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Quote from: darkangel11 on March 25, 2024, 03:34:37 PM

For those who haven't watched it, he got drunk and called the manager to give him credit and they agreed to it, even though he was drunk. He thought it was 8k because he passed out after the game and woke up the next morning not remembering all of it.

And before that, he has to curse the manager of the casino, to increased it from $1.5 million to $3 and the casino manager readily agrees with it knowing that Dana is drunk anyways and could lose all of that.

Quote from: darkangel11 on March 25, 2024, 03:34:37 PM

This is crazy, not only because he was given all that money on credit and they knew he was drunk and would eventually lose it. You don't think straight when you're drunk like that. They could rob you leave you naked on the street and you wouldn't remember any of it. They could make you sign all kinds of things.
Remember folks drink, but don't get drunk like he did. Get a couple drinks and stop, or you'll make similar mistakes.

That's what I'm trying to say, the best decision by the casino manager that night as they easily won big against the shark, Dana White. And it's really stupid of Dana to request to extend his credit as he is drunk already. Not sure if he is just alone or with an entourage that can simply tell him that he had to stop. But in any case he is the boss so they can't do anything about it. I think we already knows what the lessons that we can learn from the revelation here.

Ojima-ojo

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That is a bad sign of being drunk while gambling, this is always being spoken against because gambling with alcohol is no combination and it outcome is always worst because the gambler will be controlled by the influence of alcohol and at some point it will rob up on all that may thinks that it enjoyment to get drunk while gambling.

In fact, avoid gambling when you are drunk, unless you are gambling just to have fun from it which will be understandable because you already have the mindset of fun and not to win when gambling while drinking alcohol.

robelneo

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

Gambling and drinking are two deadly combinations to guarantee your losses, which is why physical casinos offer free drinks and energy drinks to excite you and make you lose your focus on the game.

Dana's losses are nothing compared to what he's making from milking his UFC fighters, he has a lot of cash cows on many fighters on his rosters, which is why they want to have more fights to sustain his gambling addiction.
I'm sure Dana will continue to gamble he has a way to sustain himself even if it costs him millions.

darkangel11

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For those who haven't watched it, he got drunk and called the manager to give him credit and they agreed to it, even though he was drunk. He thought it was 8k because he passed out after the game and woke up the next morning not remembering all of it.
This is crazy, not only because he was given all that money on credit and they knew he was drunk and would eventually lose it. You don't think straight when you're drunk like that. They could rob you leave you naked on the street and you wouldn't remember any of it. They could make you sign all kinds of things.
Remember folks drink, but don't get drunk like he did. Get a couple drinks and stop, or you'll make similar mistakes.

South Park

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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.

If people misremember how much alcohol they have consumed, with some people arguing to me they only had 2 drinks when they actually had 14, then it is easy to to understand that a person that is blind drunk may bet way more money than what they intended on the first place, so gamblers have to make a choice, they either avoid drinking when gambling, have a friend that does not drink with them to prevent them from betting that much money, or they leave all their credit cards and valuables at home so they cannot make this kind of mistake.

btc_angela

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Another thing is that just like any other gamblers, Dana wanted to come and get back his $80k that he thought the lost initially. And some of us has that mentality, to chase down our losses because we don't want to admit that the casino take that from us.

Definitely, don't get yourself drunk when you gamble, you will make a lot of stupid decisions because your decision is clouded. For sure majority of us has experience that. For me, I went max bet on slot games when playing on land base casinos because drinks are free.

borovichok

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Of course, there are only two possibilities in gambling. You either win or you lose. Having this at the back of your mind as a gambler is important as a gambler. Most gamblers only look at the possibilities of winning and becoming rich and then neglecting that gambling is not a bed of roses. Gamblers with this mindset easily get addicted because even when it is clear that gambling is taking so much from them they still live in the fantasy that they will win millions and so they keep pushing without setting budgets for themselves. When a gambler fails to set limit and stick to it, he wil have financial ruin and instead of getting richer as he desires, he will continue to lose profits.

The interview revealed that even the rich lose heavily more than the poor but they don't get so much worried simply because they gamble for fun and not to make more money. The amount lost as revealed might be huge for a common man but that is probably what he can afford to lose. This tells us that staking with what you can lose can be relative depending on the income of the gambler. Don't copy another gambler or try to gamble the same way he is gambling because your income might be different and so following him might lead to creating problems for yourself.

goinmerry

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

He meant winning and losing are part of the game where great things and bad things happen.

Simple statement but the message is deep.

In other words, everyone should accept that in gambling, there are only 2 results, winning and losing.

However, I understand that for an average gambler, especially those who can't afford to withstand the effect of losing, it's hard to understand that statement. Rich gamblers on the other hand can just simply walk away with their losses and move on easily and that's the reason they can truly understand what gambling is all about.

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Quote from: Slow death on March 25, 2024, 01:20:38 PM

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.

He was asked by the host how much was his biggest win in gambling, Mr White said it was just $1M. Can't really believe what the bald man says.
He is the head of UFC, you can't expect him to just stop gambling while he losing money, he said he will return. If he won't let the 80k slide, he won't also let go of that $3M.

He is talking a lot of things in this interview but he is right about a gambler getting depressed after losing then gambling is not for him.

Topic: Dana thought he lost $80k one night and his advice for gamblers - page 9. (Read 1597 times)