Hard earned money - Busted in seconds - page 17.

JohnBitCo

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Quote from: retreat on May 04, 2022, 01:38:55 PM

Quote from: Wind_FURY on May 04, 2022, 05:48:58 AM

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.

If your friend does not care about losing money, he must be very rich and he can risk his money on gambling. Unlike him, I and many others care for our money and we can't risk a big amount in gambling.

Quote from: maydna on May 04, 2022, 01:42:57 PM

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.

We all know that it's not easy to earn money and we should apply money management skills in gambling, but unfortunately, when we are actually playing gambling, we forget all these things and emotions take control over us. Sad

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Quote from: Peanutswar on May 03, 2022, 11:02:19 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.

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.

That's how the became much richer because they know how to control their behavior or when exactly to stop and they knew how to calculate their chances of losing if they still continue to gamble, the most problem of those who aren't lucky in life is that they are greedy to have that much money to be a millionaire overnight, that doesn't work like that.

maydna

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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.

retreat

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Quote from: Wind_FURY on May 04, 2022, 05:48:58 AM

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.

Smartvirus

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You've said it more briefly in OP, you gambled what you can't afford to loose and gambling is a game of luck so, I don't know where your over 20 rolls to increase your chances of winning or probability of success is coming ffrom.on fact, when I gamble, I like to think more of the possibility of a lose than success. That way, I better guide myself against whatever outcome and should it turn out not to be funny, I just suck it up.

That puts me in a better position to gamble only what I could see as spare or extra cash. How can you be in debt and still get to gamble away your hard earned money of over 2months. That's a lot of time wasted and still in debt. I won't say better luck next time but, I hope you learn something from this sad experience. That it can never be about what you see for a probability of success when it comes to probabilities and gambling.

Breaking rules, incures unbearable loses!

Boristhecat

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Quote from: seoincorporation on May 02, 2022, 06:19:30 PM

This has happened to a lot of users, I even have seen people busting big loans. Is important to understand when to stop and take our loss because the feeling after hitting an empty wallet is terrible.

Is one of those non-cheap lessons that cryptos have for us.

This is a terrible lesson, but I agree that it is very useful and probably every gambler should get it as soon as possible. For example, I learned a similar lesson when I was a student and lost my "modest" money. I'm sure if I had been "lucky" it might have been the first time I'd faced a big loss in adulthood. It would be much more painful. The most important thing is to draw the right conclusions after such a lesson and not repeat such mistakes again.

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Quote from: molsewid on May 04, 2022, 06:06:09 AM

Quote from: Peanutswar on May 03, 2022, 11:02:19 PM

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.

But some rich people don't know how to handle their money and spend it to get the pleasure they want. Many of them also spend their money at the gambling table, even though some can manage their money but others lose all their money. But it would be even better if we do have money and want to use it to gamble, we must be able to manage that money properly and correctly so that we experience a lot of losses like other people.

Maslate

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Quote from: molsewid on May 04, 2022, 06:06:09 AM

Quote from: Peanutswar on May 03, 2022, 11:02:19 PM

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.

Don't use the word rich in gambling because there's no person that has infinite money.
You might be rich but if you are gambling more than you can afford to lose and you'll lose control eventually, that would easily make you poor, or worse you will end up homeless.

Discipline is the key to being happy in gambling, and understanding the risk is very important so you'll be able to manage the risk.

xSkylarx

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Quote from: Peanutswar on May 03, 2022, 11:02:19 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.

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.

Strategy is a minor one to win but still the most of it was more on luck. In gambling you should really need to like allocate amount of money so you will not go over it . Most of people I know when they go to casinos , they only brought is for fare and money to spend in casino so that they can make sure that they cant over it but still there are lapses of it because you can borrow money which you will be in debt so controlling your emotions is also one of the things needs to work on.

molsewid

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Quote from: Peanutswar on May 03, 2022, 11:02:19 PM

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.

Taskford

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Quote from: AicecreaME on May 03, 2022, 08:03:12 AM

Quote from: Taskford on May 03, 2022, 06:34:30 AM

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Quote from: virasog on May 03, 2022, 05:52:47 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

It takes week, months and years to earn money but it takes only few seconds to lose all the money.

That's the reason why everyone tells us that do not to spend the money which we can't afford to lose in gambling and trading. Both are risky and can make us bankrupt. Nothing can be done now as the damage has been done. Now you need to focus again to earn more money to repay the debt. Sad

I'm sure that each of us has paid our fee for the experience with gambling, some a lot some a little, but hardly anyone has been able to get the experience for free. If a person cannot control himself while gambling then he will pay the price. The main question is how much he will pay before he learns to control himself. The saddest thing is that some gamblers are willing to pay for their entire lives without realizing that until you know how to control yourself it is better to stay away from gambling.

Most of the time we encounter this kind of losses when we are new and been hype up with something huge return what inserted on our minds to those who promote this to us. For sure those who already experience this painful defeat will learn their lesson especially on holding their finances on gambling since this is mostly the lesson will be learn by gamblers who lost after the end of the day.

It's unfortunate, but that's the cycle if you're not going to think thoroughly every decision that you will make. If you are going to be a one-day-millionaire, you will be the one crying in the end. Because after all, the gambling you risked your money to won't give you a budget for your necessity if ever you bet all of your funds in it. Just make sure that you learned and never do it again. After all, experience is the best teacher. Maybe some really have to undergo through it to be wiser the next time around and to be more cautious of their actions.

But actually there are many ways not to encounter that if the user is not totally lazy on reading things which can help them. I believe many gambling forums exist online and also this board in the forum can help those guys seek for the informations or discussions they want. People experiences is good info to learn by everyone to avoid if there's something happen to their funds and adjust according to what is right in terms if we are already trying to play without getting hurt badly. Proper handling of finances is the key to avoid getting broke in gambling.

Wind_FURY

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I believe OP lost nothing but his $3.00 and only wasted some of his time. Plus he merely lost the "people's money" back to the people. We couldn't say if the money "lost" was truly "hard earned" or not, but technically you gambled for it, it's still in your account, and you still use it to gamble again, so that money you held was fair game.

Quote from: Peanutswar on May 03, 2022, 11:02:19 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.

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.

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.

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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.

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.

Razmirraz

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Quote from: Wakate on May 03, 2022, 06:58:36 PM

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.

When a person wants to gamble, what is in his head is victory, but he is also prepared to lose. People who are afraid of losing will never approach the gambling table, someone who has won a certain amount of money will be increasingly obsessed with continuing to play, he thinks this is his lucky day. It is easy for you to say managing risk management, OP experience is an example, Op understands risk very well, but very difficult to do, because there is a strong urge to keep playing.

mindrust

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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

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

Poker Player

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Quote from: Wakate on May 03, 2022, 06:58:36 PM

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.

I don't see the sense in what you are saying because with crypto gambling, just as you withdraw them, you can deposit them again pretty fast. If we were talking about a physical casino that is far from your home, it would make more sense. You win some money, you leave and put the funds in safekeeping. If you are tempted to play again, it takes you an hour to get back. Or you go back to the casino without those funds and if you lose and want to use those funds, it costs you two hours to go get them and return to the casino.

But with crypto casinos it doesn't help. You click twice and you have deposited again.

Wakate

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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.

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Quote from: TimeTeller on May 03, 2022, 06:10:19 PM

Quote from: Vaskiy on May 03, 2022, 06:00:18 PM

Quote from: Issa56 on May 03, 2022, 05:20:01 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 don't think gambling is bad, but I think is bad being addicted to gambling, from the post I believe you lost l your money because of two reasons which are; you are addicted to gambling and also you are greedy. You started with $3 and you where able to grow the account, why don't you continue growing your account gradually? Also whenever you are gambling you should also learn to take your profit, you shouldn't just leave all your money there I believe you have learnt your lesson and also other forum users will be able to learn from your post.

Addiction is the major cause for the loss. If not, OP could've stopped rather than going for a higher amount and come back after some time. As suggested it is good to grow the account through wagers, and not get greedy just on experiencing some good wins. Taking profits too is a good thing, because leaving the profits will tend to go for higher amount which is taking big risk. Some might get lucky, whereas the majority won't.

But some are not stopping as they want to recover their losses.
I think, most of us experienced that situation, trying to tell ourselves to stop once we lose the next round.
But because we are just human, we are tempted to bet again for the hope of getting back the losses.
Up until, we lose all our bankroll. And that's when we totally stop playing. I also know the feeling as I've been there many times.
But as much as possible, I leave something for myself and not totally walking out zero.

Whenever you do tend to chase up your losses then you would really be gonna end up on being fucked up in the end because instead on getting those money back you would lose even more.
Busted,Getting fucked up, losing all your money is just a common line whenever you do make yourself do engage with gambling and this should be the main thing that to be put
up in your mind.If you dont like to lose then dont gamble as simple as that.If you dont break that kind of habit then you would really be having a messed up life
since you do only spend your hard earned money into something which cant benefit you out on long term.

TimeTeller

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Quote from: Vaskiy on May 03, 2022, 06:00:18 PM

Quote from: Issa56 on May 03, 2022, 05:20:01 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 don't think gambling is bad, but I think is bad being addicted to gambling, from the post I believe you lost l your money because of two reasons which are; you are addicted to gambling and also you are greedy. You started with $3 and you where able to grow the account, why don't you continue growing your account gradually? Also whenever you are gambling you should also learn to take your profit, you shouldn't just leave all your money there I believe you have learnt your lesson and also other forum users will be able to learn from your post.

Addiction is the major cause for the loss. If not, OP could've stopped rather than going for a higher amount and come back after some time. As suggested it is good to grow the account through wagers, and not get greedy just on experiencing some good wins. Taking profits too is a good thing, because leaving the profits will tend to go for higher amount which is taking big risk. Some might get lucky, whereas the majority won't.

But some are not stopping as they want to recover their losses.
I think, most of us experienced that situation, trying to tell ourselves to stop once we lose the next round.
But because we are just human, we are tempted to bet again for the hope of getting back the losses.
Up until, we lose all our bankroll. And that's when we totally stop playing. I also know the feeling as I've been there many times.
But as much as possible, I leave something for myself and not totally walking out zero.

jossiel

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Quote from: zidanw on May 03, 2022, 10:15:00 AM

I know that nothing we could say here could take back the events, to prevent it, nor to change it back. But it is good to hear that OP has learned a lesson from this experience, despite the negativity of it all.

Hopefully he really does.

Quote from: zidanw on May 03, 2022, 10:15:00 AM

And reading the responses here, I believe that forum users are also aware of such happenings and what must be abided in order to not be in this situation, which I hope that we may have the determination to always put into practice.

We've come to a certain point of our lives that we did the same thing that we've regret. And that will be correcting us with our further decisions not just in gambling but also in our aspect of our lives.

This is gambling and we're aware that it could really make us lose all of our money if you're not careful with what you do.

Topic: Hard earned money - Busted in seconds - page 17. (Read 3701 times)