Topic: Hard earned money - Busted in seconds - page 11. (Read 3701 times)

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What mistake? Lossing your money to a lossing bet? That's not a mistake in gambling terms that's unlucky, and there's nothing to learn from there coz that's the nature in gambling sometimes you win sometimes you lose.
When you talk about learning from your mistakes in gambling, that's actually when you stop gambling coz you've realized how much money you lost because of gambling.

Being unlucky isn't a mistake when it comes to gambling. The mistakes in gambling is their decisions.
Gambler's decisions decide the fate of him. If he chooses to gamble after losing a large account then it is his mistake. If he choose to borrow money just to have some funds to gamble is a mistake. I think losing money to a bet isn't a mistake but the decisions that a gambler is doing is.

Yeah, losing your own money is not a mistake if you consciously chose to gamble with it. Losing is a necessary part of the journey. You may think that you’ve lost it all, but that’s not the end of the world. The real failure is when you gamble and lose the life savings that were put aside for a rainy day or for a large emergency.
If you can maintain your own emotional and financial security, then it doesn’t matter how much you lose. Losing money is just one of the hazards of being a gambler. And in the long run, it’s better to lose a little now and then and keep your life in order than it is to lose it more than you can afford to.

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Quote from: robelneo on May 09, 2022, 10:01:59 AM

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What mistake? Lossing your money to a lossing bet? That's not a mistake in gambling terms that's unlucky, and there's nothing to learn from there coz that's the nature in gambling sometimes you win sometimes you lose.
When you talk about learning from your mistakes in gambling, that's actually when you stop gambling coz you've realized how much money you lost because of gambling.

Being unlucky isn't a mistake when it comes to gambling. The mistakes in gambling is their decisions.
Gambler's decisions decide the fate of him. If he chooses to gamble after losing a large account then it is his mistake. If he choose to borrow money just to have some funds to gamble is a mistake. I think losing money to a bet isn't a mistake but the decisions that a gambler is doing is.

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Quote from: pawanjain on May 09, 2022, 08:02:45 AM

Quote from: romero121 on April 29, 2022, 08:59:56 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

That's what happens when we don't follow the basic rules of gambling. But I think you have learnt your lesson.
Most of us have faced this because of the uncontrollable urge to recover the money we lost in the previous bets.
Thus we end up using all our money to recover the amount we used since the start of gambling.
But it's better to limit our losses for the day and come back another day if we are losing a lot on a particular day.
Controlling the emotions is where many fail and hence lose all their money.

The best lesson that will really sink is the one that will hurt us in OP's case, it's his pocket and of course, his motivation because he needs to work hard to pay the debt and the interest, this is money that you can't afford to lose, this is the kind of situation where no gamblers want to be in, it's ok if it's your own money but this is not your money and it is incurring interest.

He needs to try working overtime or to find additional sources of income to pay that debt/loan that he mistakenly losses

while he was doing his gambling activities, there' nothing he can do now but to learn from that mistake and try not to allow

that to happened again, there are many people who also encounter same mistake, those who are not ready with how single

mistake can ruined your finances.

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Quote from: romero121 on April 29, 2022, 08:59:56 PM

snip

Calm down, buddy. Losing money in gambling is not a mistake, but losing money continuously in gambling and not realizing, it is a mistake and will be a big mistake if you keep trying to play gambling. A lot can be learned in gambling, such as controlling yourself, limiting the use of money in gambling, learning game strategies if it is a game related to skill and so on.

Learning from our mistakes in gambling will make us careful about using money to gamble and we will limit the time and money that we will use to gamble.

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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

My Wife would kill me if I do this lol, because She is letting me doing everything in crypto but with her knowledge .
and she even allows me to gamble but with certain amount she will give me every Payday .
you did a very wrong move and I hope that you learned many things from that.
and will never allow your self from doing this same mistakes again or else ? i would call you an gambling addict .

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Quote from: bitbollo on May 09, 2022, 12:55:54 PM

Quote from: Fredomago on May 09, 2022, 12:35:26 PM

...
in most cases, gamblers who can't move forward will be more aggressive in trying another shots and ended up losing more.
...

the best solution in this case is just stop gambling at least for some months because it has become a negative and no longer pleasant experience. It is practically impossible to be able to recover such a large amount by "winning". On the contrary, it's relative easy take a greater risk by chasing the winnings.

Actually have some gambler mind when losing on casino try to recovery on next casino games, they not try for stopping because always have faith can recovery with how much loss by winning on gambling again. Although impossible they not care and keep borrowing much money for active on gambling and try recovery with how much loss before. Better with stop after losing much on casino gambling and finding new way for recovery with how much loss is better than try gambling again and loss much money on casino gambling.

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learn from existing experience, I have now learned to take care of myself to be able to cope with gambling.

You are lucky to be able to learn from the experience because not many people are willing to do it and realize what their mistakes are. They will even continue to gamble and not think about what will happen to them in the future. We will feel very sad if we lose money at the gambling table, moreover, the money comes from wins that we never thought of before. So before it's too late, we really need to learn from our previous experiences.

What mistake? Lossing your money to a lossing bet? That's not a mistake in gambling terms that's unlucky, and there's nothing to learn from there coz that's the nature in gambling sometimes you win sometimes you lose.
When you talk about learning from your mistakes in gambling, that's actually when you stop gambling coz you've realized how much money you lost because of gambling.

Sometimes you win and you always lose. I agree that this is really the nature of gambling. You know, if you bet a certain amount, you are sure that you will lose that money and not expect a return. Also, the unlucky term is really based on luck. I think the right word really is loss because you really lose to it and accept it. Also, betting your money is a mistake because you are in the gambling world and you can really lose it. I think there are no mistakes in terms of gambling in that unless you are playing with a strategy, most of these are pure luck.

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Op you are not the only one who feels that you are plunged into the world of gambling in a hurry with minimal capital but expect thousands or even millions of times over in a bad way (borrowing money or using emergency funds). with them with good thoughts, maybe in the future if you still want to play in this fantasy world, try to manage from the profits you get and say stop to yourself. This is not easy and you need to make peace with yourself. self desire to earn more. I learned this theory from binary options
if you feel that life is unfair, consider the money you have to compensate as your investment in future gambling trips as well as memories hhehehe

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learn from existing experience, I have now learned to take care of myself to be able to cope with gambling.

You are lucky to be able to learn from the experience because not many people are willing to do it and realize what their mistakes are. They will even continue to gamble and not think about what will happen to them in the future. We will feel very sad if we lose money at the gambling table, moreover, the money comes from wins that we never thought of before. So before it's too late, we really need to learn from our previous experiences.

What mistake? Lossing your money to a lossing bet? That's not a mistake in gambling terms that's unlucky, and there's nothing to learn from there coz that's the nature in gambling sometimes you win sometimes you lose.
When you talk about learning from your mistakes in gambling, that's actually when you stop gambling coz you've realized how much money you lost because of gambling.

ipanks

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