Topic: Hard earned money - Busted in seconds - page 16. (Read 3701 times)
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.
There was a psychological study that addicted gamblers actually want to lose, not win. They are addicted to the feeling of losing then winning. It's a dopamine kick, it's not necessarily about earning the money back.
This is indeed an unexpected result. I thought all gamers wanted to win and win. But such an assumption is indeed logical. From a loss, as I thought, and the truth is, the player may have stronger feelings than from a win. Perhaps it is precisely such experiences and passions that a gamer needs. As you rightly point out, this is all done by chemistry in the human body. The production of such substances act like drugs. Apparently, from losing, gamers get more of these substances. And, accordingly, more buzz, if I may say so. 
There was a psychological study that addicted gamblers actually want to lose, not win. They are addicted to the feeling of losing then winning. It's a dopamine kick, it's not necessarily about earning the money back.
although I never studied psychology but it seems this is true, I have a friend who is addicted to gambling, he doesn't care about his losing money, he only cares about winning bets when he is in a losing position. Gambling addiction is a serious problem, it needs special treatment from psychiatrists to change gambling addicts.I don't believe the problem is actually because of "gambling addiction". It's just that there are certain people who probably have a chemical imbalance in their brains that's depleted of serotonin/dopamine which them makes them more susceptible to "crave" gambling because it releases more dopamine that they need. The problem might be genetic. Because truly if the problem was only about "gambling", then everyone would be addicts.
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 
Why not try stopping bet and I think every body will success stop with betting and I have try it, the same like you like betting with small fund from $3 until $20 each sport betting games. But after active on ever weekend football match I stop with betting and keep use my money for trading. Right now just enjoying with football match only without see and care with how bigger odds giving on ever week football match. I think you can stop from betting slowly although is not easy but if you have spent money for trading or investing is better thing than keep waste all your funds for betting. 
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
Why not try stopping bet and I think every body will success stop with betting and I have try it, the same like you like betting with small fund from $3 until $20 each sport betting games. But after active on ever weekend football match I stop with betting and keep use my money for trading. Right now just enjoying with football match only without see and care with how bigger odds giving on ever week football match. I think you can stop from betting slowly although is not easy but if you have spent money for trading or investing is better thing than keep waste all your funds for betting. 
I gambled that away in a single hour and I cried a lot because that was the first ever money that I ever owned via working. Never have I gambled like that ever again, it was a lesson, a well paid one and now I never lose that much ever again.
I have the same experience too that put me in trouble and much worse I had many debts to pay but unable to do so because of depression and feeling hopeless, that was few years ago. Thats why I learned from that experience and even I still gamble up to now, I am making sure that I will not repeat the same mistakes again because its so hard. You'll only realize what you did wrong in the end. 
^
That's an interesting thought. It is quite possible that these mechanisms work together, as if only the mechanism described by you worked, a person would not strive for gambling so much, as he can get the loot while doing everyday work. A person gets pleasure from winning and this, in my opinion, is the main motivator to return to the casino again and again.
Yes, this is not the only mechanism that works, but I think that this is the main mechanism at the stage when a person starts the game and cannot finish it until he wins a large amount or loses all the money. Nature forces him to chase victory to the end. If you played physical slots, you probably noticed that when symbols drop on the reel, it often turns out that literally one symbol is missing before winning, and this gives you great motivation to make one more spin and then another and another.
Haha. Yes, I am well aware of how we are lured by slot machines, but fortunately I have learned to stop in time. I remember when our country's casinos have not been moved to separate zones where gambling is allowed, I very well increased my deposit. My friends at the time were very surprised that I was able to stop and left the casino. Of course I still spent all the money I earned, only it was already in a strip bar and the money gave us a completely different emotion.
This is what I did back in the day and that is why I always have a limit on what I gamble. Back in the day when bitcoin didn't worth so much, I sold a game item and made some money, it wasn't a big deal for me but I worked for 3 months to get that item, since it didn't really have much of a real world value, I got a little money for it, still a decent sum for a game item but not a lot in real life.
This is what experienced gamblers like us do now , and we use our bad experiences to be more progressive and practical and of course knowledgeable to whatever gambling activities we might have.Quote
I gambled that away in a single hour and I cried a lot because that was the first ever money that I ever owned via working. Never have I gambled like that ever again, it was a lesson, a well paid one and now I never lose that much ever again.
That is very tragic mate , first Work payment being lost because of gambling? damn this will be an Eye opener if you are a truly bright person , but others will take this as a revenge seeking situation and will always wanted to get back what's lost . 
This is what I did back in the day and that is why I always have a limit on what I gamble. Back in the day when bitcoin didn't worth so much, I sold a game item and made some money, it wasn't a big deal for me but I worked for 3 months to get that item, since it didn't really have much of a real world value, I got a little money for it, still a decent sum for a game item but not a lot in real life.
I gambled that away in a single hour and I cried a lot because that was the first ever money that I ever owned via working. Never have I gambled like that ever again, it was a lesson, a well paid one and now I never lose that much ever again.
I gambled that away in a single hour and I cried a lot because that was the first ever money that I ever owned via working. Never have I gambled like that ever again, it was a lesson, a well paid one and now I never lose that much ever again.
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
If you're reckless to regain your previous losses and you're not taking your time on your bet you will likely lose all your money in seconds, it goes with the motivation, losing your money in seconds just mean that you are playing and taking a big chance with a huge amount which is not good you want it all or nothing, and we all know its hard to beat the house with that reckless attitude.
The temptation is hard to resist especially when you assume its your lucky day. I had my own experience too that during the first 2 rolls I won $10, its a lucky feeling and wager more til I lost it all. That's greed. I regret the next few minutes for not stopping while I won and then life goes on. No one is going to be stuck in such situation forever. Its just a simple mistake. Everyone learns when he messed up, he had to earn back and pay the debt.
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
If you're reckless to regain your previous losses and you're not taking your time on your bet you will likely lose all your money in seconds, it goes with the motivation, losing your money in seconds just mean that you are playing and taking a big chance with a huge amount which is not good you want it all or nothing, and we all know its hard to beat the house with that reckless attitude.
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
If you're reckless to regain your previous losses and you're not taking your time on your bet you will likely lose all your money in seconds, it goes with the motivation, losing your money in seconds just mean that you are playing and taking a big chance with a huge amount which is not good you want it all or nothing, and we all know its hard to beat the house with that reckless attitude.
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.
Honestly, gambling is never easy, it is all about patience and risk management. We need to be able to learn how maintain already earn fund so we won't lost it again to the house. It is a good practice to withdraw your funds everytime you win big amount of profit. One can also withdraw fund we little profits are made.
We done have to leave our funds on gambling platform for long before withdrawing them because it we can lose the fund if care is not taken. Make some winnings, withdraw part of the fund and keep them safe.
We done have to leave our funds on gambling platform for long before withdrawing them because it we can lose the fund if care is not taken. Make some winnings, withdraw part of the fund and keep them safe.
That's the problem most gamblers do have, they believe gambling is kind on easy, after getting into it they end up losing money. So before we start gambling we should all know that gambling is not really easy.
As a gambler we should always make sure we take our profit, we shouldn't be greedy, we shouldn't be using our profit to bet incase when you lose money you will definitely have a backup, but if you are using your profit to bet then when you are losing your money then you are losing both your startup capital and your profit. We can't be always right so sometimes we will be wrong and we will lose money.
^
That's an interesting thought. It is quite possible that these mechanisms work together, as if only the mechanism described by you worked, a person would not strive for gambling so much, as he can get the loot while doing everyday work. A person gets pleasure from winning and this, in my opinion, is the main motivator to return to the casino again and again.
Yes, this is not the only mechanism that works, but I think that this is the main mechanism at the stage when a person starts the game and cannot finish it until he wins a large amount or loses all the money. Nature forces him to chase victory to the end. If you played physical slots, you probably noticed that when symbols drop on the reel, it often turns out that literally one symbol is missing before winning, and this gives you great motivation to make one more spin and then another and another.
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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
LOL, sorry I find this funny, but I honestly can relate, been a victim of this more than 6 or 7 times that I completely burnt my gambling account due to reckless gambling. The thing with me is that, I don't gamble frequently but when I do, I do it carelessly, and I do it for fun and don't care if I win or not, this makes me not to pay attention to the rules of the game, I usually go all in and sometimes when lucky, I win huge amount, and then I go all in again with both capital and wining, I do this several times and before I know what's happening, my account goes from thousands of dollars to zero, this only demonstrates how hard it is to make money and how easy it is to loose it.
Though the difference between us is that I don't borrow money to gamble and I also don't gamble with what I can't afford to loose, this is the reason why each time I burn my account, it does not get to me or affect my emotions.
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
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.
It depends on the gambler most of the rich people manage their money properly and know what they afford to lose in the gambling we know they are capable of doing it because they have a large number of it. Some of the gambling addicted already make a win and they want to try it again and some of them are already lost a lot of money and want to earn it back. We know how gambling makes a risk. It's all about high-risk rewards depending on the luck and players' strategy.
into gambling which we know that it could really give out those kind of chances which cant really be denied but in overall aspect on which tending to be sticking out with the odds or simple
with reality then its really hard to believe on that we would really make ourselves to be that profitable in gambling side.Not all would really be that lucky and not all
would really be that mindful towards their actions.
It depends on the gambler most of the rich people manage their money properly and know what they afford to lose in the gambling we know they are capable of doing it because they have a large number of it. Some of the gambling addicted already make a win and they want to try it again and some of them are already lost a lot of money and want to earn it back. We know how gambling makes a risk. It's all about high-risk rewards depending on the luck and players' strategy.
Yes, I agree. I have some rich friend who doesn't care about losing because they have too much. And as he said, he is not rich the money he used is for his other expenses and that will be a red flag for me, it only shows that he is getting addicted to gambling and if he will not stop that he will probably lose everything even that money that is not yet in his hands. Rich people know how to handle their money, some of them have their own financial adviser as well because for them gambling is just entertainment, and some others play to kill their time. Gambling with proper management is good.
It's actually kinda sad how they would rather spend that money on such a wasteful behavior instead of putting it into a more useful endeavor. But I guess the flip side of it is, they are actually spending it somewhere instead of just letting it sit and build in their bank accounts like some rich might prefer to do. The trickle down effect is tiny in reality, the dealer tips and keeping someone behind the drinks bar is probably only providing a few incomes to society. It depends how rich you are really, some people can give a lot to charity while frittering the same amount away on gambling. It's a dangerous addiction to fall into and even sillier when rich people are just chasing such a short term buzz when they stand to gain little else from it.
Hard earned money - Busted in seconds is not worth getting because we collect the money from every moment, but it is gone in just seconds. We got this lesson from here, and @OP teaches us not to follow what he did and always save our money by withdrawing it as soon as possible before the money runs out. If you can win from the games, and that money can increase in a short time, you are lucky, and you must stop playing gambling as possible and leave the place. I am not sure if you can win some money in the next rolls because who knows, your luck is leaving you.
No guarantee if how long your luck will stay at your side, OP is giving good guidance to avoid doing the same mistake that he did, better to withdraw your fund if you already reached something decent. Unlike how OP did, Don't know if that's out of greed or too much confidence that he can add more with his winnings.
If he withdraws even half of it, that's already decent coming from only $3 initial bankroll, he can enjoy some beers from that earnings
but, it's his decision to continue and then losses everything back from the house.
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
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.
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!
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