Hard earned money - Busted in seconds - page 14.

KTChampions

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Quote from: Mahanton on May 06, 2022, 03:56:25 PM

Quote from: KTChampions on May 06, 2022, 03:08:58 PM

To be honest, I didn't quite get your point. Maybe you missed the context of the discussion? I have no problems with the feeling of excitement, on the contrary, I look for this feeling when I place bets, because for me this is entertainment and not a way to make money. If I was emotionally empty during the game, then I would not play at all.

Well, gambling is really for entertainment and that kind of rush in emotion which some people do really seek off.The thrill, the excitement the suspense when you do know that you are betting into something.
Im talking about hard earned money where it is been mainly be affected on this kind of situation where you do love to play but you do need to spend up those funds.So self control would be
crucial on here.If you dont like to lose those funds then better stop and immediately cut off that excitement of yours no matter how tempting it would be.

It is quite obvious that if I do not want to lose money then I should not gamble. Gambling is entertainment, not earnings, the one who thinks otherwise and "invents" strategies to beat the casino is engaged in self-deception. There are some ways to make money in the casino, but this has nothing to do with gambling and is also painstaking work.

Despairo

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Quote from: Xxmodded on May 06, 2022, 08:53:01 PM

You looks losing bigger fund on crypto gambling but right now still active or have stop yet on casino gambling, I ever loss on gambling but still not really bigger funds and have top totally right now what ever reason I don't try back to gambling casino again. I think not good with waste all salary for gambling and better if can't leave casino gambling yet could use few fund for gambling only after 70% until 80% salary saving for daily day needed. But depending when you still single easy for wasting all money for gambling but after have family and kids you will think one more all in on gambling.

He's an active gambler and losing $5K for 8-9 years is considered as small amount to be honest, someone can lose bigger than for a day. The thing is $5K at that time is 10 BTC and now 10 BTC with the current price is really high amount. It's not about gambling, but he's not holding his Bitcoin until now, same as many people sold their Bitcoin on 10 years ago. If someone worried to lose money on gambling, better to not gamble anything. However I don't understand why you promoting gambling but you're want to stay away from gambling.

Ahli38

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Quote from: Xxmodded on May 06, 2022, 08:53:01 PM

You looks losing bigger fund on crypto gambling but right now still active or have stop yet on casino gambling, I ever loss on gambling but still not really bigger funds and have top totally right now what ever reason I don't try back to gambling casino again. I think not good with waste all salary for gambling and better if can't leave casino gambling yet could use few fund for gambling only after 70% until 80% salary saving for daily day needed. But depending when you still single easy for wasting all money for gambling but after have family and kids you will think one more all in on gambling.

Well, it's different when we're single and when we're married.
When we are single, we understand that we are not too afraid of losing money so we often do not hold back in gambling.

but after having a family let alone children. so I myself can restrain myself a little so that there is a separate portion where the money is for fun (gambling and others) and which is for the family.

but in the casino it also brings a little fun and forgets a little stress at work.

Xxmodded

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Quote from: tygeade on May 06, 2022, 12:35:29 PM

Losing a few months salary in crypto gambling is something could only be done if you also won the lottery or something. If you are gambling your bitcoin away you need to realize that you will also see the price going up. I lost maybe like 10 bitcoins overtime in bitcoin world if I calculate the price of them at the time I wagered it should be like 5k at the most, and in around 8-9 years that is not too bad, that's quite low amount if you calculate it per month.

However, if you calculate it based on the price today, that's like 400k+ lost in just gambling. This is why I do not check the bitcoin price sense, I gamble with USD value in mind.

You looks losing bigger fund on crypto gambling but right now still active or have stop yet on casino gambling, I ever loss on gambling but still not really bigger funds and have top totally right now what ever reason I don't try back to gambling casino again. I think not good with waste all salary for gambling and better if can't leave casino gambling yet could use few fund for gambling only after 70% until 80% salary saving for daily day needed. But depending when you still single easy for wasting all money for gambling but after have family and kids you will think one more all in on gambling.

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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

You know. I our religion and culture we are strongly forbidden to gamble. I am doing some research too why was gambling forbidden. And one of the reasons is you loose control over yourself. When you are in that stage - its very hard to hard to decide what to do and what not to do. Very unlucky for you. Do you still wish to continue gambling?

Mahanton

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Quote from: Kelvinid on May 06, 2022, 04:23:33 PM

Quote from: Mahanton on May 06, 2022, 03:56:25 PM

Well, gambling is really for entertainment and that kind of rush in emotion which some people do really seek off.The thrill, the excitement the suspense when you do know that you are betting into something.
Im talking about hard earned money where it is been mainly be affected on this kind of situation where you do love to play but you do need to spend up those funds.So self control would be
crucial on here.If you dont like to lose those funds then better stop and immediately cut off that excitement of yours no matter how tempting it would be.

It is sometimes we do gambling to please ourselves from a busy life but it should be limited. It is really hard to work every day and just earn a few bucks but it is lost in just a minute because of our stupidity and gambling addiction. I can't really imagine doing that.

It is just to say that gambling shouldn't be taken seriously or else we fall in love with them. Addiction could ruin everything we have and that is why we should have to fight this feeling as this won't give us a better future. We can do gambling but only use the extra money.

Everything should be limited or simply has limitation and you should be basing on how much you've been earning and how much you would really need to spent because if you do spent on the money which is more than
that you could able to earn then you would really be having problems later on.Its not really that bad to have some leisure times on which we do really at least to put some time for it
but of course you should limit out on amounts which you could only afford to lose.Dont go overboard or go beyond limit if you dont like problems.

Dean2

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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

These 20% profit rolls are never profitable as you tend to bust your entire balance before you can make any real profit.

Kelvinid

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Quote from: Mahanton on May 06, 2022, 03:56:25 PM

Well, gambling is really for entertainment and that kind of rush in emotion which some people do really seek off.The thrill, the excitement the suspense when you do know that you are betting into something.
Im talking about hard earned money where it is been mainly be affected on this kind of situation where you do love to play but you do need to spend up those funds.So self control would be
crucial on here.If you dont like to lose those funds then better stop and immediately cut off that excitement of yours no matter how tempting it would be.

It is sometimes we do gambling to please ourselves from a busy life but it should be limited. It is really hard to work every day and just earn a few bucks but it is lost in just a minute because of our stupidity and gambling addiction. I can't really imagine doing that.

It is just to say that gambling shouldn't be taken seriously or else we fall in love with them. Addiction could ruin everything we have and that is why we should have to fight this feeling as this won't give us a better future. We can do gambling but only use the extra money.

Mahanton

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Quote from: KTChampions on May 06, 2022, 03:08:58 PM

Quote from: Mahanton on May 05, 2022, 04:33:55 PM

Quote from: KTChampions on May 05, 2022, 03:58:26 PM

I don't think that that spending money was suboptimal - it was a good investment in memories, we all need that kind of spending sometimes Grin

By the way, it is really important not to go to extremes - on the one hand, not to be a crazy gambler and understand the principles of the game (and the mechanisms that encourage us to play). And on the other hand, allow yourself to spend on pleasures without thoughts that poison the mind: "I was deceived, I am losing money for the sake of momentary pleasures, this is wrong, etc."

Having that boosted feeling on making out bets is something that you couldnt really that able to avoid for sometime even if we are really that new into gambling or not being noob into this
which i could say to be that normal but on the time that you are really making some realizations then this is where you do really be mindful into your next possible step or move.
Since you are already aware about possible bust up then you would really be careful on next time unless if your addiction is too severe then no one could really help you into this point.

To be honest, I didn't quite get your point. Maybe you missed the context of the discussion? I have no problems with the feeling of excitement, on the contrary, I look for this feeling when I place bets, because for me this is entertainment and not a way to make money. If I was emotionally empty during the game, then I would not play at all.

Well, gambling is really for entertainment and that kind of rush in emotion which some people do really seek off.The thrill, the excitement the suspense when you do know that you are betting into something.
Im talking about hard earned money where it is been mainly be affected on this kind of situation where you do love to play but you do need to spend up those funds.So self control would be
crucial on here.If you dont like to lose those funds then better stop and immediately cut off that excitement of yours no matter how tempting it would be.

KTChampions

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Quote from: Mahanton on May 05, 2022, 04:33:55 PM

Quote from: KTChampions on May 05, 2022, 03:58:26 PM

I don't think that that spending money was suboptimal - it was a good investment in memories, we all need that kind of spending sometimes Grin

By the way, it is really important not to go to extremes - on the one hand, not to be a crazy gambler and understand the principles of the game (and the mechanisms that encourage us to play). And on the other hand, allow yourself to spend on pleasures without thoughts that poison the mind: "I was deceived, I am losing money for the sake of momentary pleasures, this is wrong, etc."

Having that boosted feeling on making out bets is something that you couldnt really that able to avoid for sometime even if we are really that new into gambling or not being noob into this
which i could say to be that normal but on the time that you are really making some realizations then this is where you do really be mindful into your next possible step or move.
Since you are already aware about possible bust up then you would really be careful on next time unless if your addiction is too severe then no one could really help you into this point.

To be honest, I didn't quite get your point. Maybe you missed the context of the discussion? I have no problems with the feeling of excitement, on the contrary, I look for this feeling when I place bets, because for me this is entertainment and not a way to make money. If I was emotionally empty during the game, then I would not play at all.

tygeade

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Quote from: dunfida on May 05, 2022, 10:03:53 AM

Quote from: TopTort777 on May 05, 2022, 05:55:19 AM

romero121 sad story is another example that shows that people should gamble only with cold head. I just cant realize how much money he had lost, if his bets increased from 3 bucks to 98. As I understand, romero121 bet 3,4,5,10,20,50 and up to 98. I suppose 98 dollar bet was all-in. He wrote that he has lost 2 month salary, he is from Croatia. Google say that an average salary there is about 1.5k. 3k bucks busted in minutes. That's sad.

No this is too much.If you do based up on here on the latest or year 2022
then its playing around $500-1000 basing up on your skills

https://take-profit.org/en/statistics/wages/croatia/

So losing 2 month salary is between $1k-2k which is totally a waste of money and this would really be a lesson learned.

Losing a few months salary in crypto gambling is something could only be done if you also won the lottery or something. If you are gambling your bitcoin away you need to realize that you will also see the price going up. I lost maybe like 10 bitcoins overtime in bitcoin world if I calculate the price of them at the time I wagered it should be like 5k at the most, and in around 8-9 years that is not too bad, that's quite low amount if you calculate it per month.

However, if you calculate it based on the price today, that's like 400k+ lost in just gambling. This is why I do not check the bitcoin price sense, I gamble with USD value in mind.

Cling18

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Quote from: carlisle1 on May 06, 2022, 10:12:11 AM

Quote from: mirakal on May 06, 2022, 09:46:01 AM

You certainly have a point because chances are that money would only go to waste and because of greed or wanting to get that money lost, people tend to go for debts just to get that money back and little did they know that they are slowly digging their own holes. I mean it's really fine to gamble some few extra money, just make sure that you know when and how to stop as we don't want to regret something later.

There are cases that gamblers take un-imaginary loans and lose it all to gambling, all start from being greed and un-controlled

gambling activities. There are chances that addictions will affect not just the gambler but all those people behind him. It's all better

to take the entertaining part and not to think that gambling can bring you huge amounts of money. Only luck can do that, but who

knows when luck will come your way and until when that luck will let you win Wink

Gambling is mostly about luck so if you don't feel lucky then don't dare borrowing or loaning just to satusfy your greed because you might lose everything. That's actually the common problem of people who are trapped in gambling addiction. They embrace gambling too much even if it isn't for them. We couldn't be lucky in gambling all the time so we shouldn't risk all that we have.

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Quote from: mirakal on May 06, 2022, 09:46:01 AM

You certainly have a point because chances are that money would only go to waste and because of greed or wanting to get that money lost, people tend to go for debts just to get that money back and little did they know that they are slowly digging their own holes. I mean it's really fine to gamble some few extra money, just make sure that you know when and how to stop as we don't want to regret something later.

There are cases that gamblers take un-imaginary loans and lose it all to gambling, all start from being greed and un-controlled

gambling activities. There are chances that addictions will affect not just the gambler but all those people behind him. It's all better

to take the entertaining part and not to think that gambling can bring you huge amounts of money. Only luck can do that, but who

knows when luck will come your way and until when that luck will let you win Wink

mindrust

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Quote from: LogitechMouse on May 06, 2022, 09:14:37 AM

Quote from: mindrust on May 03, 2022, 10:43:17 PM

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

I sometimes think only the rich people should be gambling but in reality it is the exact opposite. Rich people almost never gamble but poor people gamble with the money they don’t own. This is a pretty sad case. Rich people only play the games which they will win. It is not a surprise, that's how they get rich. Cool

Most of the rich people are businessmen right? Since most of them are businessmen, they know how it works and its business model thus they will not risk their hard earned money just to gamble. Though we see some rich people gambling still, they are just gambling for fun for sure and those poor and average people are gambling for money.

The problem with average and poor Joe's is that they think gambling as their ticket to be rich where in fact it isn't but its the complete opposite. Gambling is their ticket to be poorer.

Its not related to the topic but its under gambling as well. I've seen people that has addicted into gambling here in our country that has been reported in news. The reason? They are stealing money from other people. They are fighting against their family for some reasons (they have mental issues because of gambling). Some are even going to jail because they are doing bad things. These are just some of the negative effects of gambling. I'm not saying though that don't gambling since its our decision but gamble moderately.

It is like how you said. Businessman are smart people, smart people do understand how gambling works. In a casino the odds are stacked against you unless you are the house. The sooner you understand this, the better control you'll have over your wealth. People who don't understand this simple fact think that they can become rich from gambling as a player. Obviously they are not smart at all.

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Quote from: Cling18 on May 05, 2022, 10:24:38 AM

Quote from: aioc on May 05, 2022, 10:15:25 AM

Quote from: Accardo on May 04, 2022, 04:30:50 PM

OP, I would say that you took a risk and it didn't favor you, and the problem is half solved because you took responsibility of the mistake. What is required of you is to focus on how the debt will be paid. And, remember not to make the-same mistake twice.

The bigger problem is when you use money intended to pay a debt in gambling it's like losing your money and you have to start all over again, and I'm sure OP will learn his lesson well and he will be better, not really a new experience, many gamblers also experienced the same thing the hardest thing and something that must happen is to move on and get better.

Using funds that aren't allocated for gambling will surely cause trouble. You can't have your money back and your focus should be on the debt that you have to pay. You should take this experience as a lesson that gambling has a huge risk. You better be wise in making decisions in the future if you don't want to regret things in the end.

You certainly have a point because chances are that money would only go to waste and because of greed or wanting to get that money lost, people tend to go for debts just to get that money back and little did they know that they are slowly digging their own holes. I mean it's really fine to gamble some few extra money, just make sure that you know when and how to stop as we don't want to regret something later.

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Quote from: mindrust on May 03, 2022, 10:43:17 PM

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

I sometimes think only the rich people should be gambling but in reality it is the exact opposite. Rich people almost never gamble but poor people gamble with the money they don’t own. This is a pretty sad case. Rich people only play the games which they will win. It is not a surprise, that's how they get rich. Cool

Most of the rich people are businessmen right? Since most of them are businessmen, they know how it works and its business model thus they will not risk their hard earned money just to gamble. Though we see some rich people gambling still, they are just gambling for fun for sure and those poor and average people are gambling for money.

The problem with average and poor Joe's is that they think gambling as their ticket to be rich where in fact it isn't but its the complete opposite. Gambling is their ticket to be poorer.

Its not related to the topic but its under gambling as well. I've seen people that has addicted into gambling here in our country that has been reported in news. The reason? They are stealing money from other people. They are fighting against their family for some reasons (they have mental issues because of gambling). Some are even going to jail because they are doing bad things. These are just some of the negative effects of gambling. I'm not saying though that don't gambling since its our decision but gamble moderately.

Wind_FURY

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Quote from: bitbollo on May 04, 2022, 02:23:21 PM

Quote from: mindrust on May 03, 2022, 10:43:17 PM

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

I sometimes think only the rich people should be gambling but in reality it is the exact opposite. Rich people almost never gamble but poor people gamble with the money they don’t own. This is a pretty sad case. Rich people only play the games which they will win. It is not a surprise, that's how they get rich. Cool

it is not a "rich person" approach but it is the correct approach in gambling! or not to care about the amount you lose, but play a figure that you can lose without the slightest regret, without even taking it into account in your spending budget!

A truly rich person approach would be to own the casino in which you are gambling in, using the money you earned from the plebs to earn more money. Although the owner shouldn't be winning all the plebs' money all in one session of gambling. It should be done softly, and slowly.

I believe it's the same with centralized cryptocurrency exchanges. Has anyone suspected that the operators of some exchanges might be taking the other side of the trade against you? In casinos, at least you know you are playing against the house.

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Quote from: ipanks on May 06, 2022, 12:30:55 AM

When you can earn money from gambling but do not stop as soon as possible, the chance to lose the win money will be bigger and will be there because the next round can be the bad round that can make you get lost.

You will definitely going to be wiped out if that's what you'll do when you're already winning but you don't save those winnings you've got.

Quote from: ipanks on May 06, 2022, 12:30:55 AM

So before you experience the loss, it is better to save your win money and enjoy the winning moment. Only by doing that, you can prevent losing the win money.

These tips are always being said. But if you're on the momentum, you'll forget about this tip and then you'll just get on the losses that you'll eventually get.

Erumo

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Lets call topic started back here and ask what gambling rules he has violated from his point of view. Or let list them by ourselves.

1) gamble only with funds you allow yourself to lose
2) gamble and emotions does not come together
3) gambling and loans are no-no
4) know when to stop.

Finestream

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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 happens to most of the gamblers who failed to control their emotions and end up losing them all. What makes it worst is that you gamble your money that is intended to pay your debt, maybe hoping to double the amount, and for me not just you're unlucky but you are also very wrong with your decision making. You just have to gamble your extra money, and not those intended to pay your bills. But anyways, take a break first before you attempt to gamble again. Find good means that will generate an income so that you can start even paying the interest of your loan.

Topic: Hard earned money - Busted in seconds - page 14. (Read 3701 times)