Topic: Gambling is for big bag holders - page 4. (Read 1465 times)
I think the strategy used will depend on whether there is need to use a big bank roll or not. Gambling needs a good fund to win a good amount to money so gamblers to reduce there risk of losing much in gambling. For a gambling that had less amount of money, they will want to use small capital to win big profits which is mostly difficult. It is a good to have a reasonable amount of money in the bank roll to have better chances of winning in the gambling world.
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While this experience is definitely unfortunate, this serves as a warning to everyone who wishes to gamble for profit. Gambling is all about luck and this does not absolutely mean that everyone will experience it. Even if you think that today's a good day, it does not entirely equate that one will win.
From this case we all as gamblers must know that luck can come whenever a sign is known so in my opinion as a gambler you should still try to make bets even though with a small value and when you get a jackpot you will get a lot of profit, gambling must have faith and very high patience and it must be known that the risk of loss is also very high. While this experience is definitely unfortunate, this serves as a warning to everyone who wishes to gamble for profit. Gambling is all about luck and this does not absolutely mean that everyone will experience it. Even if you think that today's a good day, it does not entirely equate that one will win.
After this experience I believe gambling is for the big bag holders, if you're in urge of making a win. Very much disappointed, because it is the last few dollars I had as a cryptocurrency holding. If I had more funds I wouldn't have encountered this big loss. Martingale once again a failed strategy when you don't have big bag of money.
I honestly think that the martingale strategy works best if you have a relatively huge amount of capital to begin with. If you consistently experience a loss during such strategy, it somehow compels you to gamble more capital in the process just to recover your losses on all of your previous rounds.
While this experience is definitely unfortunate, this serves as a warning to everyone who wishes to gamble for profit. Gambling is all about luck and this does not absolutely mean that everyone will experience it. Even if you think that today's a good day, it does not entirely equate that one will win.
There's an "IF" on what OP has said and I agree to do that. If you have the goal of winning with the games that you've chosen like in dice, you should really allocate huge money on it if you will apply martingale.
This is not true even for "WHAT IF". We are talking about martingale here, do you really think the chances of winning are likely to happen using that method even though we have a big capital for it? Even a whale will start at the very lowest possible amount to bet, double the bet for every loss will kill any bankroll no matter how much it is. They might win at maybe 4th, or 5th bet but the amount lost is much compared to winning at their whole session.
Actually, martingale is not the problem here but OP's mindset. Who will take the risk playing on dice where it's the only last few dollars remaining on his wallet.
He thinks that using martingale is a good decision and gambles his remaining money. OP overthinks too much thinking he will gain profit in return.
I would recommend everyone to avoid that "strategy" and rather just walk away from gambling for the day when you start noticing that rise in blood pressure and adrenaline. Thats a strategy.
There is no right strategy in gambling, everyone will lose money in the game, sooner or later it will happen, I think all experience the same thing about the Martingale strategy.
Every time we play gambling, there is always adrenaline in us and of course the pressure to continue the game becomes very emotional, plus losing blood pressure will increase emotions uncontrollably and in the end we get out of line that cannot be avoided, but by regulating control we don't know the limit until when, for example, losing or winning still limits must be applied.
That sounds perhaps a bit too pessimistic? No offense. Its important to know where your borders are and the only true way you can find that out is by testing them. Some tests are dangerously risky, some are not. But once you find and define your limits (borders), you should be able to develop your own ways to make gambling a better experience for you. Some strategies can include averaging your losses, setting boundaries for how much you are willing to take home in winnings before you stop gambling and there are many more. They all serve to minimize the risks of continous gambling and of course, eventually losing.
After this experience I believe gambling is for the big bag holders, if you're in urge of making a win. Very much disappointed, because it is the last few dollars I had as a cryptocurrency holding. If I had more funds I wouldn't have encountered this big loss. Martingale once again a failed strategy when you don't have big bag of money.
gambling is not just for "big bag holders" even if you are in "urge" of making a win. reading through your post it looks like you just got impatient. saying that you wouldn't have encountered this big loss if you have more funds, I am sorry to tell you but you would've encountered a much bigger loss especially if you are using Martingale. also, if you don't have a sizable fund, knowing how to properly manage them would be one of your biggest assets when gambling. 
There's an "IF" on what OP has said and I agree to do that. If you have the goal of winning with the games that you've chosen like in dice, you should really allocate huge money on it if you will apply martingale. But, the question of it is how much will satisfy you each win?
If you're just the type that you're ok with any amount as long as you're win and the records show that they're all green, that won't be a matter to you.
People are different when it comes to approach on particular things specially on gambling where its normal that people would really be neither be contented on getting huge or small wins but its impossible for someone to ignore when they do know that they do have huge bankroll or capital that they do have which its normal that they will really be coming after for huge wins and this is where behavior changes .Gambling is for everyone and there's no such restriction whether you are a whale or a shrimp it wont matter because its free for everybody but we know on what are the advantage into those people If you're just the type that you're ok with any amount as long as you're win and the records show that they're all green, that won't be a matter to you.
who do have bigger financial capability which its really obvious in talking about strategies applied and on the behavior that they do have on dealing with gambling activity.
There's an "IF" on what OP has said and I agree to do that. If you have the goal of winning with the games that you've chosen like in dice, you should really allocate huge money on it if you will apply martingale. But, the question of it is how much will satisfy you each win?
If you're just the type that you're ok with any amount as long as you're win and the records show that they're all green, that won't be a matter to you.
If you're just the type that you're ok with any amount as long as you're win and the records show that they're all green, that won't be a matter to you.
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I am very sorry for your loss. But I do not agree with you that Gambling is for big bag holders. If you think about it from this site only, then gambling is not for anyone. Gambling is one of the things that makes a rich person begger in a moment and a beggar can be rich in a moment. It has been a long time since that big bags holder have become the beggar of the street. So it totally depends on luck. I believe that you said it from your sadness. Now I would say everyone that gamble as much as you can effort to loose. 
I think everyone doesn't have the same luck because some people sometimes accidentally get the jackpot, so I think that gambling places are for free people as long as they understand how to use the gambling place and of course have to understand that not always gambling places can make money because sometimes gambling places can spend your money instantly when you make a wrong prediction.
Not all are the same when it comes to luck, this is why some wins and some loses. Can't imagine if all are the same, I think a gambling site will easily bankrupt the moment all players won. Gambling is about luck but I still believe that it has to do with consistency, I mean if the more you play gambling the more the chance you can get a win or that jackpot that you always assume than those who play rarely although they still do have a chance if their luck strikes on them.The only sure thing that gambling can guarantee is that one can enjoy if their goal is to enjoy. People should learn to use gambling that way if ever they haven't yet.
I would recommend everyone to avoid that "strategy" and rather just walk away from gambling for the day when you start noticing that rise in blood pressure and adrenaline. Thats a strategy.
There is no right strategy in gambling, everyone will lose money in the game, sooner or later it will happen, I think all experience the same thing about the Martingale strategy.
Every time we play gambling, there is always adrenaline in us and of course the pressure to continue the game becomes very emotional, plus losing blood pressure will increase emotions uncontrollably and in the end we get out of line that cannot be avoided, but by regulating control we don't know the limit until when, for example, losing or winning still limits must be applied.
In this case, you will blame the gambling house? or blame strategy? or yourself who are too ambitious in gambling so risk losing more. It's possible that when you have a big bag and play without having a loss limit it's the same as giving everything to the casino house for the whole takeaway. Just control your gambling, limit your losses and stay within the bets you can afford to lose.
Whatever strategy that you are using is if you lose then you lose if you win they you win. If a person thinks that gambling is the shortcut to get rich fast then I disagree with that kind of thinking. Gambling site owner either a casino or a sportsbook is always winning compared to gamblers. There might be some case that a gambler won big amount and the amount that a gambling site will play to that gambler will be gain sooner or later.
I applied the same strategy and also ended up losing my savings which I regret until now. Yes, most of us have the same experience especially when we're overwhelmed and we are not able to control our emotions. Too much excitement and adrenaline rush when playing sometimes leads us to wrong decision of betting too much.
That's why, whatever our circumstances when gambling, we must still be able to control our emotions so that we don't lose control. Too much excitement will make us lose consciousness to control emotions and make us want to continue playing even though we have won from gambling. If we really control our emotions, we will not have the experience of losing big money and we can enjoy gambling as it should be. But gambling is not for the whales but for everyone who wants to gain experience from playing games using money. Very unfortunate see you lose at the dice game, but gambling is not for people who have a lot of money because gambling is for people who think smart. Looking at your bet history, only lost 7 strike you've run out of money. You may forget in the past there are many people lost 10 strike up to 20 more, so placing bet value and total of bets is very important. Wish you luck in the future, but remember with money you can afford to lose, don't be greedy and keep your emotional stability.
20 losing streak in a martingale method, that would be an insane loss. But they say that if someone can outlast this martingale losing streak, then it is one of the most profitable strategies in the gambling industry. But the thing there is the word "if" since the losing streak goes longer as the game run which makes player's bankroll to get depleted sooner than they think.
Gambling is for anyone who wanted to have entertainment but not for everyone if the goal is winning. Worst is the use of martingale in a limited fund, you will get broke before you know it.
I think we all often use the martingale technique when playing and I've experienced a loss that drained the contents of the savings I collected in one year just to play one game, any strategy if a player can't control himself will end up losing. no matter how much capital he has in the end the bookie wins. this is a fact. I'm not the only one who has lost a lot, I think everyone here who likes gambling has almost the same experience.
I applied the same strategy and also ended up losing my savings which I regret until now. Yes, most of us have the same experience especially when we're overwhelmed and we are not able to control our emotions. Too much excitement and adrenaline rush when playing sometimes leads us to wrong decision of betting too much.
I agree, I myself have not made any successes with the martingale technique and in fact, I would not go as far as to call that an actual strategy. Rather the martingale technique is the result of rage-gambling whenever you lost a lot of money and now become desperate with emotion. Anyone who knows what I am talking about would never call it a strategy rather a consequence of gambling while under great emotional distress.
I would recommend everyone to avoid that "strategy" and rather just walk away from gambling for the day when you start noticing that rise in blood pressure and adrenaline. Thats a strategy.
I think we all often use the martingale technique when playing and I've experienced a loss that drained the contents of the savings I collected in one year just to play one game, any strategy if a player can't control himself will end up losing. no matter how much capital he has in the end the bookie wins. this is a fact. I'm not the only one who has lost a lot, I think everyone here who likes gambling has almost the same experience.
I applied the same strategy and also ended up losing my savings which I regret until now. Yes, most of us have the same experience especially when we're overwhelmed and we are not able to control our emotions. Too much excitement and adrenaline rush when playing sometimes leads us to wrong decision of betting too much.
I think we all often use the martingale technique when playing and I've experienced a loss that drained the contents of the savings I collected in one year just to play one game, any strategy if a player can't control himself will end up losing. no matter how much capital he has in the end the bookie wins. this is a fact. I'm not the only one who has lost a lot, I think everyone here who likes gambling has almost the same experience.
I applied the same strategy and also ended up losing my savings which I regret until now. Yes, most of us have the same experience especially when we're overwhelmed and we are not able to control our emotions. Too much excitement and adrenaline rush when playing sometimes leads us to wrong decision of betting too much.
I think we all often use the martingale technique when playing and I've experienced a loss that drained the contents of the savings I collected in one year just to play one game, any strategy if a player can't control himself will end up losing. no matter how much capital he has in the end the bookie wins. this is a fact. I'm not the only one who has lost a lot, I think everyone here who likes gambling has almost the same experience.
Its because you are also trying to win a big bag that's why you thought it's only for big bag holders.
That kind of game plan does need a large amount of capital to say it's a successful one. With a low percentage given by the house for you to hit a "win" in dice you will need like 50 times more bets. At what amount to bet will that be at that instance? Maybe tens of thousands of dollars.
I will look for other strategies if you cannot reach that amount because you are using luck basis if you think you will hit it in 10 bets.
That kind of game plan does need a large amount of capital to say it's a successful one. With a low percentage given by the house for you to hit a "win" in dice you will need like 50 times more bets. At what amount to bet will that be at that instance? Maybe tens of thousands of dollars.
I will look for other strategies if you cannot reach that amount because you are using luck basis if you think you will hit it in 10 bets.
If you start at 40 cents like the OP did, and then double down on a loss, a 10-loss streak will result in a $409.6 bet (and you're only claiming 40 cents). A streak of 15 losses will result in a bet of $13,107. That's a lot of money considering we have to risk it to win the initial 40 cents. Therefore, casinos love those who play Martingale - as a result, everything ends with a big loss and all the money remains in the casino.
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