Hard earned money - Busted in seconds

Quidat

hero member

Activity: 2548

Merit: 533

Quote from: delfastTions on June 01, 2022, 11:27:49 AM

Quote from: Quidat on June 01, 2022, 10:13:46 AM

Quote from: TopTort777 on June 01, 2022, 09:19:21 AM

Quote from: Alisha-k on June 01, 2022, 03:31:15 AM

It's easy to tell yourself "I will stop after I've won this one". But I think one just needs a certain control over gambling as it can be addictive.

Actually this is wrong. If you tell yourself "stop after X scenario", brain will send the command to do completely different. And this is not only in gambling. Every experienced opening a can of Pringles, saying just one last chip and later finding yourself with an empty can? Or opening a bag of skittles and taking just one candy? We are always trying to lie to ourselves. In gambling, this lie is multiplied with greed, and this "I will stop" only triggers to play more. Because "I will stop" with 99.9% variability is used when you are already loosing, and nobody wants to be a looser.

A person who do have a good control on himself is the ones to those who could completely stop midway or immediately if he wanted to yet not all are really having that kind of behavior
on which majority do really fail on doing so.They do only stop when there's something bad happen to them or do experience out some hardships in life.
If you dont like to lose your hard earned money then you shouldnt play gambling or making yourself some involvement because that would surely
the things which cant be taken back.

The reasoning on this topic is absolutely correct, but the whole difficulty lies in the ability of a particular person with a certain temperament and character of the psyche.
Someone is able to stop almost instantly even in a state when he is completely in the grip of the excitement of the game, all in "adrenaline". But there are very few such people.
And so almost everyone continues to play and lose further.
And such people simply do not have the willpower that can stop them. I think such people are more than 90% of all inhabitants of the planet. And all our advice and reasoning here in the topic will not change anything for them. Most people will play and lose anyway.
And casinos will continue to exist comfortably and earn

Thats why gambling is a very profitable business due to the fact that people are way too impulsive on dealing with gambling which its not surprising that they do commonly having these kind of conditions
which would really result into this thats why its better to be that self remindful about on the actions you are making and as i said earlier that if you dont like to bust up your hard earned money
or doesnt like to blown out in seconds then you shouldnt have gambled on the first place because this thing would really be putting you into bigger trouble.

Naficopa

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Activity: 2002

Merit: 516

Quote from: romero121 on June 02, 2022, 02:01:20 PM

When we gamble with some target, even when we've won good we won't be able to stop and take a break. This means if I've decided to stop once reaching $90 winning and reached $85, I will go for the remaining $5 and this makes me loss everything. This has happened several times and I even tried to hold funds in vault and use a limited amount, but at times we get into emotion and withdraw from vault and end up losing.

Gambling is an addiction - when you win - you think you're going to win all the riches of the world.
It good to be greedy but its not good to be lusty. And wasting your savings on gambling is a very bad idea.

romero121

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Activity: 3164

Merit: 1213

Quote from: virasisog on June 02, 2022, 01:23:35 PM

Quote from: romero121 on April 29, 2022, 09:59:56 PM

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid to manage the debt for some more time. Unlucky me Sad

This is frustrating and it's fine to feel bad about that experience but you have to take it as a lesson as well. Keep in mind that there will always be unlucky days and we're not in control of that because gambling is mostly luck-based. However, you must learn from what you experience by knowing your limits. If you're losing, it doesn't mean that you'll win if you'll bet continuously. You also have to set a certain limit and allocate enough funds for gambling so you'll know when to stop.

When we gamble with some target, even when we've won good we won't be able to stop and take a break. This means if I've decided to stop once reaching $90 winning and reached $85, I will go for the remaining $5 and this makes me loss everything. This has happened several times and I even tried to hold funds in vault and use a limited amount, but at times we get into emotion and withdraw from vault and end up losing.

bitbollo

legendary

Activity: 3248

Merit: 3485

Nec Recisa Recedit

Quote from: virasisog on June 02, 2022, 01:23:35 PM

....
You also have to set a certain limit and allocate enough funds for gambling so you'll know when to stop.

it is correct to choose to allocate a certain amount to limit losses or at least have some "rules" ... but is it always possible?
The problem is when you can easily access ancillary funds and then pay more than you owe. If you are in a "rush" during a session or you see an interesting match, it's really easy made this kind of error.
The best trick in this regard is to set a limit on the possible deposits and for those who use sites with crypto, create a cold wallet that is difficult to access (or why not with a timelock to block those funds), even buying collectibles where "locking" value can also be an interesting strategy...

virasisog

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Activity: 1820

Merit: 537

Quote from: romero121 on April 29, 2022, 09:59:56 PM

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid to manage the debt for some more time. Unlucky me Sad

This is frustrating and it's fine to feel bad about that experience but you have to take it as a lesson as well. Keep in mind that there will always be unlucky days and we're not in control of that because gambling is mostly luck-based. However, you must learn from what you experience by knowing your limits. If you're losing, it doesn't mean that you'll win if you'll bet continuously. You also have to set a certain limit and allocate enough funds for gambling so you'll know when to stop.

freedomgo

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Quote from: Cryptock on May 30, 2022, 01:46:21 PM

Quote from: freedomgo on May 30, 2022, 12:31:12 PM

Of course, regrets do come in last but even if they do know about that fact they still chose to go deaf and blind just to follow their addiction and gamble. In times of their biggest challenge, that's the time that they will realize that they've gone too far already and they have also affected the people surrounding them. Worse is that they're already too late to turn away from that mistakes they did.

Since gambling is illegal in our region and we have this thing always at the back of the mind. That we must keep this habit at arms length.
there are very serious law against gambling. But those who gamble - know that it very risky - its intense and can bring in some serious results.

Whether it is illegal or legal the risks entailed with it don't change for even a bit, gambling is always a risky activity in any part of the world and people already know the consequences if ever they fell into that trap but we couldn't blame them because they just want to earn money even the chances are not good.

As for your country @Cryptock, that's good because the government is putting so much effort to ban these activities because surely they don't want their own citizens to be addicted because of it and worse take their own life if they lose big or because of the debts.

Saint-loup

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Activity: 2604

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Quote from: Wawa2013 on May 31, 2022, 11:13:34 PM

A valuable lesson we can take when gambling is not to be too obsessed with winning when we experience losses. Because this can eventually
cause us to lose large amounts of money in a short time. I also experienced it when I first played gambling, I was very obsessed with covering
the losses I experienced by betting bigger every time I lost. Even though it only made me lose money faster and I learned from my mistakes.
Sometimes we don't realize that when playing gambling, the main key to avoiding big losses is to control our emotions. If we can control our emotions,
I believe we can accept when we experience losses and be able to stop before our capital runs out.

When you encounter a big loss, even if you stop your session it doesn't mean you will be able to cope with it after your session. The frustration of having lost a large amount of money could follow you and obsess you. And even if you have been strong enough to stop your session you will come back the next day or the next week to try to recover your loss. People can't borrow money when they are at the casino, they are doing it when they are outside, while they are not gambling anymore. Things are not so simple.

Cryptock

hero member

Activity: 1792

Merit: 507

Quote from: South Park on June 01, 2022, 09:52:05 PM

Self-control is incredibly difficult, there are in fact a few people out there which can say to themselves something like this and stop immediately whatever they are doing, but they are an exception and the majority cannot do this, which is why it also important to train this over time, but when a great deal of people live under YOLO and other similar philosophies then it is not difficult to see why self-control is such a rare ability nowadays.

That is so true - self control is an extremely difficult task. And the game of gambling is a merciless game. There is not middle line, you are either a winner or a loser. So play safe, don't throw all your cards on the table. Being vigilant doesn't hurt

South Park

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I am terrible at Fantasy Football!!!

Quote from: TopTort777 on June 01, 2022, 09:19:21 AM

Quote from: Alisha-k on June 01, 2022, 03:31:15 AM

It's easy to tell yourself "I will stop after I've won this one". But I think one just needs a certain control over gambling as it can be addictive.

Actually this is wrong. If you tell yourself "stop after X scenario", brain will send the command to do completely different. And this is not only in gambling. Every experienced opening a can of Pringles, saying just one last chip and later finding yourself with an empty can? Or opening a bag of skittles and taking just one candy? We are always trying to lie to ourselves. In gambling, this lie is multiplied with greed, and this "I will stop" only triggers to play more. Because "I will stop" with 99.9% variability is used when you are already loosing, and nobody wants to be a looser.

Self-control is incredibly difficult, there are in fact a few people out there which can say to themselves something like this and stop immediately whatever they are doing, but they are an exception and the majority cannot do this, which is why it also important to train this over time, but when a great deal of people live under YOLO and other similar philosophies then it is not difficult to see why self-control is such a rare ability nowadays.

edgycorner

sr. member

Activity: 1064

Merit: 382

Hurrah for Karamazov!

OP is a shitposter lol
All of youse, stop making so many replies to a story which probably isn't even true

Alanaz

member

Activity: 980

Merit: 10

Quote from: Wawa2013 on May 31, 2022, 11:13:34 PM

Quote from: Alanaz on May 31, 2022, 03:45:25 PM

Quote from: imamusma on May 31, 2022, 07:39:46 AM

Quote from: TopTort777 on May 31, 2022, 07:27:00 AM

I think it was not about greed, but about making wrong decisions and trying to achieve something quick and easy.
snip-

snip-

In any case this is a lesson to be learned. Because they want to cover the loss of concentration, it is clear that they are thinking about ambition and emotions to keep winning and not thinking more logically.
This is something that is indeed quite difficult to prevent if the self-control that is carried out is quite weak and indeed this is unavoidable if indeed our minds are focused on winning then it will indeed be very difficult to play calmly and will only make things worse.

A valuable lesson we can take when gambling is not to be too obsessed with winning when we experience losses. Because this can eventually
cause us to lose large amounts of money in a short time. I also experienced it when I first played gambling, I was very obsessed with covering
the losses I experienced by betting bigger every time I lost. Even though it only made me lose money faster and I learned from my mistakes.
Sometimes we don't realize that when playing gambling, the main key to avoiding big losses is to control our emotions. If we can control our emotions,
I believe we can accept when we experience losses and be able to stop before our capital runs out.

I feel like this has happened even to almost all gamblers and not just you, me and even the gamblers on this forum are doing the same thing here considering that mistakes like this will definitely happen even if there are people who haven't experienced this sooner or later. This will definitely be felt because it is a road like this, like it or not, must be passed.

On the other hand I quite agree with what you said about accepting failure like this but things like this are not easy to go through.

NicNacCoin

sr. member

Activity: 1288

Merit: 451

Sugars.zone | DatingFi - Earn for Posting

Quote from: romero121 on April 29, 2022, 09:59:56 PM

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me Sad

This gambling is a thing that is very difficult to get out of when you enter.Your hard-earned money is gone in an instant. You were a good winner in the first place but when you left your wallet it was completely exhausted.That's why I say don't let anyone gamble with your hard earned money.Because gambling is a very bad thing.

Cling18

full member

Activity: 1708

Merit: 126

Quote from: TopTort777 on June 01, 2022, 09:19:21 AM

Quote from: Alisha-k on June 01, 2022, 03:31:15 AM

It's easy to tell yourself "I will stop after I've won this one". But I think one just needs a certain control over gambling as it can be addictive.

Actually this is wrong. If you tell yourself "stop after X scenario", brain will send the command to do completely different. And this is not only in gambling. Every experienced opening a can of Pringles, saying just one last chip and later finding yourself with an empty can? Or opening a bag of skittles and taking just one candy? We are always trying to lie to ourselves. In gambling, this lie is multiplied with greed, and this "I will stop" only triggers to play more. Because "I will stop" with 99.9% variability is used when you are already loosing, and nobody wants to be a looser.

If we aim for something with greed, we could really end up losing everything we have. The right mindset is necessary before we enter the gambling world. We should learn how to control our emotions or else it will be the one who will control us. Uncontentment is human nature but we could change our ways if we'll know our limits from the beginning.

delfastTions

legendary

Activity: 2702

Merit: 1465

Quote from: Quidat on June 01, 2022, 10:13:46 AM

Quote from: TopTort777 on June 01, 2022, 09:19:21 AM

Quote from: Alisha-k on June 01, 2022, 03:31:15 AM

It's easy to tell yourself "I will stop after I've won this one". But I think one just needs a certain control over gambling as it can be addictive.

Actually this is wrong. If you tell yourself "stop after X scenario", brain will send the command to do completely different. And this is not only in gambling. Every experienced opening a can of Pringles, saying just one last chip and later finding yourself with an empty can? Or opening a bag of skittles and taking just one candy? We are always trying to lie to ourselves. In gambling, this lie is multiplied with greed, and this "I will stop" only triggers to play more. Because "I will stop" with 99.9% variability is used when you are already loosing, and nobody wants to be a looser.

A person who do have a good control on himself is the ones to those who could completely stop midway or immediately if he wanted to yet not all are really having that kind of behavior
on which majority do really fail on doing so.They do only stop when there's something bad happen to them or do experience out some hardships in life.
If you dont like to lose your hard earned money then you shouldnt play gambling or making yourself some involvement because that would surely
the things which cant be taken back.

The reasoning on this topic is absolutely correct, but the whole difficulty lies in the ability of a particular person with a certain temperament and character of the psyche.
Someone is able to stop almost instantly even in a state when he is completely in the grip of the excitement of the game, all in "adrenaline". But there are very few such people.
And so almost everyone continues to play and lose further.
And such people simply do not have the willpower that can stop them. I think such people are more than 90% of all inhabitants of the planet. And all our advice and reasoning here in the topic will not change anything for them. Most people will play and lose anyway.
And casinos will continue to exist comfortably and earn

Quidat

hero member

Activity: 2548

Merit: 533

Quote from: TopTort777 on June 01, 2022, 09:19:21 AM

Quote from: Alisha-k on June 01, 2022, 03:31:15 AM

It's easy to tell yourself "I will stop after I've won this one". But I think one just needs a certain control over gambling as it can be addictive.

Actually this is wrong. If you tell yourself "stop after X scenario", brain will send the command to do completely different. And this is not only in gambling. Every experienced opening a can of Pringles, saying just one last chip and later finding yourself with an empty can? Or opening a bag of skittles and taking just one candy? We are always trying to lie to ourselves. In gambling, this lie is multiplied with greed, and this "I will stop" only triggers to play more. Because "I will stop" with 99.9% variability is used when you are already loosing, and nobody wants to be a looser.

A person who do have a good control on himself is the ones to those who could completely stop midway or immediately if he wanted to yet not all are really having that kind of behavior
on which majority do really fail on doing so.They do only stop when there's something bad happen to them or do experience out some hardships in life.
If you dont like to lose your hard earned money then you shouldnt play gambling or making yourself some involvement because that would surely
the things which cant be taken back.

TopTort777

legendary

Activity: 2282

Merit: 1435

Quote from: Alisha-k on June 01, 2022, 03:31:15 AM

It's easy to tell yourself "I will stop after I've won this one". But I think one just needs a certain control over gambling as it can be addictive.

Actually this is wrong. If you tell yourself "stop after X scenario", brain will send the command to do completely different. And this is not only in gambling. Every experienced opening a can of Pringles, saying just one last chip and later finding yourself with an empty can? Or opening a bag of skittles and taking just one candy? We are always trying to lie to ourselves. In gambling, this lie is multiplied with greed, and this "I will stop" only triggers to play more. Because "I will stop" with 99.9% variability is used when you are already loosing, and nobody wants to be a looser.

Alisha-k

member

Activity: 840

Merit: 23

That's the thing with gambling. There's this inner voice that tells you to keep playing after you have lost the first round. That you can do it, you will recover all.
Then you lose one, till you have none left. I'm sorry you have added more debt in top of what you are facing.
It's easy to tell yourself "I will stop after I've won this one". But I think one just needs a certain control over gambling as it can be addictive.

Razmirraz

sr. member

Activity: 1260

Merit: 393

#SWGT PRE-SALE IS LIVE

Quote from: Uang_kartal on June 01, 2022, 01:18:46 AM

actually when we are at the top (win or intentionally) it's our choice to regulate concentration and capital. any market and company I'm sure they won't hold you back for a moment to prepare your thoughts, psyche and inner calm. conditions are good enough for manage capital if you can make peace with yourself withdraw capital and you can have fun with the profit margin.
no burden, free and can be more relaxed.
indeed everything has a risk of the effect of the defeat.
in the future you can be wiser in playing, have fun and save your emergency money friends. or you can also participate in the income sumhsr in this forum, although it doesn't always pay off. but there are still legit weekly campaigns if you want to apply and play finance on any platform as you please friends

Easy to say but hard to do, when someone is at the top he will think this is his lucky day, he will continue to place bets in the hope of getting even bigger profits. Concentration is necessary, no matter the conditions. Someone who is on top is more dominant in doing something that is considered to be able to surprise in the next round, while someone with a big loss will be increasingly eager to get back his lost capital. Whoever and wherever one is required to be able to control emotions, by thinking for a moment one can set aside capital for other needs.

Uang_kartal

full member

Activity: 378

Merit: 167

betfury

actually when we are at the top (win or intentionally) it's our choice to regulate concentration and capital. any market and company I'm sure they won't hold you back for a moment to prepare your thoughts, psyche and inner calm. conditions are good enough for manage capital if you can make peace with yourself withdraw capital and you can have fun with the profit margin.
no burden, free and can be more relaxed.
indeed everything has a risk of the effect of the defeat.
in the future you can be wiser in playing, have fun and save your emergency money friends. or you can also participate in the income sumhsr in this forum, although it doesn't always pay off. but there are still legit weekly campaigns if you want to apply and play finance on any platform as you please friends

traderethereum

hero member

Activity: 2870

Merit: 574

Quote from: Wawa2013 on May 31, 2022, 11:13:34 PM

A valuable lesson we can take when gambling is not to be too obsessed with winning when we experience losses. Because this can eventually
cause us to lose large amounts of money in a short time. I also experienced it when I first played gambling, I was very obsessed with covering
the losses I experienced by betting bigger every time I lost. Even though it only made me lose money faster and I learned from my mistakes.
Sometimes we don't realize that when playing gambling, the main key to avoiding big losses is to control our emotions. If we can control our emotions,
I believe we can accept when we experience losses and be able to stop before our capital runs out.

Almost all of us have probably experienced it and take it as a valuable lesson for us so that it doesn't happen again.
Those of us who have had that experience will think twice about trying to recover from our previous loss.
If we feel we cannot recover from that loss, we will not try and will forget about it because gambling is just entertainment.
But some of us might try it and hope they can recover from their losses but unfortunately, not many can recover their losses but only increase the amount of money they lose from gambling.
We and other gamblers need to be aware of this and don't try it because the results will still win and lose and our chances of losing can be bigger than before.

Topic: Hard earned money - Busted in seconds (Read 3638 times)