Hard earned money - Busted in seconds - page 23.

Mauser

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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 sounds really unlucky, sorry read that your start in gambling was so devastating. It's a bit hard to fully understand what happened to you. From your post I get that your starting bet was $3 and your highest bet was $98, how much was your bankroll? $1000 or $2000? The first thing what is alarming to me is that you got busted in a few minutes. That should never happen. Your starting bets where probably way to big for your overall bankroll. Whenever you gamble you need to anticipate to lose a few games in a row. If you start betting too large and it will be impossible to recover any losses later on. Maybe it would have been better if you start with a 0.25 or 0.5$ bet? Like that you are less at risk to go broke and can run more bets. It's good that you realised that you weren't in control, unfortunately that happens a lot in gambling when you try it out for the first time. Games in online casinos go much fast than in a physical casino, so we need to be more in control of ourselves. Managing emotions and not only focusing on possible wins is very important in gambling. I hope you can save more money in the future and be a bit more cautious next time you try gambling. Good luck in your next gambling adventures.

MonaLeeTracy

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Quote from: electronicash on April 30, 2022, 09:18:25 PM

Quote from: lienfaye on April 30, 2022, 08:10:53 PM

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the question is why did he gamble it if it's meant for someone as payment? there were lots of stories like this in the past where someone took a loan to pay for a loan but instead gamble the money and lose. he instead has to person to pay. a movie like "SHARK TALE" is one of it where he asks for money from his girl to pay a loan shark but then he took a chance in a horse race. lose the bet.

sounds like a gambling problem. one solution for this is to sell his priced possession, we all have priced possession to pay the debt.

Maybe the OP wants to try his luck before paying the debt, his intention is to double the money. But what happened was the opposite, the money that was supposed to pay off debts was wasted due to gambling bets.

The OP error was:
First: he thinks can double the money from gambling bets, when in fact gambling never promises a win.

Second : Op used the money that was supposed to pay off debts, after the money runs out due to losing bets, The new Op thinks that he should pay off the interest too.

Franctoshi

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That's gambling for you it's a game of luck sometimes you win sometimes you loose,
So take the outcome and learn from your mistakes and play smart next time so you can profit,
There is always a next opportunity.Or You can venture into other things if it isn't working out for you.

Pamadar

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Quote from: Don Pedro Dinero on May 01, 2022, 12:26:54 AM

It is sad to see what's happened to romero121.

Quote from: robelneo on April 30, 2022, 11:45:36 PM

I also suffered from this kind of loss I kept it to myself for too long and that's harm my health and my thinking you have to open up and admit this behavior for you to move, I still experience this but can easily move on, no ne is really perfect that he can play with money that you can afford to lose sometimes you are taking a risk.

So I take it from what you say that although sometimes you end up losing more than you can afford, it's not a catastrophe for your finances and it doesn't happen very often. Is that so?

I actually believe that there are no or very few people who behave perfectly rationally. Everyone at some point commits some excesses that we had not foreseen, the important thing is not to get out of control.

Very important because if we continue playing without proper control, we are leading our way

in busting everything we have, it's true that there are times we suffer from unexpected losses, budget that are not allocated
for your gambling, but due to excessive playing, we did burn our bankroll.

It's important not to dwell with that losses and try not to behave the same, addictions will push you and that's the need of
good control to avoid messing up everything in terms of your finances.

Don Pedro Dinero

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It is sad to see what's happened to romero121.

Quote from: robelneo on April 30, 2022, 11:45:36 PM

I also suffered from this kind of loss I kept it to myself for too long and that's harm my health and my thinking you have to open up and admit this behavior for you to move, I still experience this but can easily move on, no ne is really perfect that he can play with money that you can afford to lose sometimes you are taking a risk.

So I take it from what you say that although sometimes you end up losing more than you can afford, it's not a catastrophe for your finances and it doesn't happen very often. Is that so?

I actually believe that there are no or very few people who behave perfectly rationally. Everyone at some point commits some excesses that we had not foreseen, the important thing is not to get out of control.

robelneo

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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

Buddy we have countless stories like this some prefer to open it up some prefer to just hide it for themselves but in your case, you are brave to admit your time of weakness which is good because that's a sign that you are ready to move.
I also suffered from this kind of loss I kept it to myself for too long and that's harm my health and my thinking you have to open up and admit this behavior for you to move, I still experience this but can easily move on, no ne is really perfect that he can play with money that you can afford to lose sometimes you are taking a risk.

bittraffic

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Quote from: Poker Player on April 30, 2022, 10:22:05 PM

Quote from: South Park on April 30, 2022, 09:22:40 PM

I think the biggest mistake was that such amount of money was actually something that you needed, if you had lost that much money but that was money you could spare then things would not be so bad, but the fact that you needed to use that money to pay a debt and now you need to pay interests makes this an important mistake, try to learn from it so it does not happens to you again and if possible try to not gamble for a time to reduce to zero the chances you could make a mistake like this yet again.

That's the point. We should only use to bet the money we can afford to lose, just as we should only invest the money we can afford to lose, especially in volatile investments.

The OP has not logged in since he created the thread yesterday. I guess he is resignedly assuming what has happened, as two months of hard earned money lost in just a few moments, are enough to make an important reflection.

I hope he can take action so that this does not happen to him again.

Hard earned money is hard to let go. Some people who lost their hard earn money by a scam find it hard to get up, he is conscious and still blessed since its not worth millions. He can earn them back and pay his debts. We all learn.

Sometimes we need this call to be able to understand, that gambling on dice or lottery is not for me. If you are good at trading, then trade where you could earn more. If you can learn sports betting and become good at it, just do the sports betting.

Poker Player

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Quote from: South Park on April 30, 2022, 09:22:40 PM

I think the biggest mistake was that such amount of money was actually something that you needed, if you had lost that much money but that was money you could spare then things would not be so bad, but the fact that you needed to use that money to pay a debt and now you need to pay interests makes this an important mistake, try to learn from it so it does not happens to you again and if possible try to not gamble for a time to reduce to zero the chances you could make a mistake like this yet again.

That's the point. We should only use to bet the money we can afford to lose, just as we should only invest the money we can afford to lose, especially in volatile investments.

The OP has not logged in since he created the thread yesterday. I guess he is resignedly assuming what has happened, as two months of hard earned money lost in just a few moments, are enough to make an important reflection.

I hope he can take action so that this does not happen to him again.

South Park

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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 think the biggest mistake was that such amount of money was actually something that you needed, if you had lost that much money but that was money you could spare then things would not be so bad, but the fact that you needed to use that money to pay a debt and now you need to pay interests makes this an important mistake, try to learn from it so it does not happens to you again and if possible try to not gamble for a time to reduce to zero the chances you could make a mistake like this yet again.

electronicash

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Quote from: lienfaye on April 30, 2022, 08:10:53 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

Thats unfortunate. But why did you use the money that is meant to pay your debt? Hoping to make it double?

Its understandable the eagerness of chasing the money that we lost but always think if thats the wise thing to do because you might regret your decision. Self control and discipline are really necessary, as much as possible set a capital to only use or gambling, dont exceeds with your limit because thats the start of having problem later on. In my case, I only use a spare money because gambling is risky and chances to lose are money is high.

the question is why did he gamble it if it's meant for someone as payment? there were lots of stories like this in the past where someone took a loan to pay for a loan but instead gamble the money and lose. he instead has to person to pay. a movie like "SHARK TALE" is one of it where he asks for money from his girl to pay a loan shark but then he took a chance in a horse race. lose the bet.

sounds like a gambling problem. one solution for this is to sell his priced possession, we all have priced possession to pay the debt.

lienfaye

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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

Thats unfortunate. But why did you use the money that is meant to pay your debt? Hoping to make it double?

Its understandable the eagerness of chasing the money that we lost but always think if thats the wise thing to do because you might regret your decision. Self control and discipline are really necessary, as much as possible set a capital to only use or gambling, dont exceeds with your limit because thats the start of having problem later on. In my case, I only use a spare money because gambling is risky and chances to lose are money is high.

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

Just started with a $3 bet, but it went upto $98 and ended with empty wallet.

Wait, I thought first on my quick read that you managed to turn your 3$ bet to $98. Is that how it goes?

But reading carefully the statement, does it mean you started with a $3 bet then went up to $98 per bet? That's a crazy and insane bet for an average gambler. Nothing wrong though if you are testing your luck but on that kind of bet, you need guts to face the risks.

Well then, it already happened and the only thing you need to do is to move on. Once you are now in your relaxed mind, try to figure out how to earn money to pay your debt - but this time not through gambling of course. Just do gambling again once you solve your debt issue.

eaLiTy

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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

It is not a wise idea to bet with money that is kept to repay a loan. You knew the risk you were taking and still i am not sure in which games you lost your bet. I had a horrible month in terms of sports betting loosing ten times more than you lost because there were many unexpected upsets and the odds were really low as well in terms of the risk taken but never gamble with money that is kept to repay a debt.

coin-investor

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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

Don't blame yourself it happens to many of us here and the same can happen to anybody here, there are times that I forgot this basic rule of playing within your means and money that you can afford to lose, it's always in the back of your head that it's your lucky day and a good opportunity to win big and win more when you're having a winning run, but winning run can stop without you knowing it, you lose in one roll then you recover in the next roll then you lose two times and lose one and so on until you realized you lose everything, this is the sad reality.

stomachgrowls

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Quote from: Maus0728 on April 30, 2022, 06:22:59 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

Why would you even gamble your hard earned money at the first place lol Cheesy

If you don't want such disappointment and feeling lost, better not use your hard earned money on risky games, but rather just use some money that you might got as a bonus or those that came onto you easily. Even if you win or return your money that time, it will still be a lose for you as you will get addicted to the satisfaction of gambling and how fun it was to risk a precious thing and win. Better get a grip of a fine mindset before entering gambling again dude.

First question that should be answered because if you do really mind off about that hard earned money then you wont really be spending it like a maniac on playing gambling and you would cry or regret later on

and bang off your head into the wall just because of this mistake.If you dont like to lose then you shouldnt have played gambling in the first place which its the reality of gambling

on where you would really be having less chance on ending up to be profitable.Dont aim for more because greed would fucked you up in the end.

STT

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People bet big to win big, cant blame him really but I would just advise build it up slowly not rush in. You got the best chance with some kind of system or familiarity and avoid rushing or playing when drunk or distracted. Person has to learn their best chances personally not just the game, hence I say take your time really.

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Quote from: macson on April 30, 2022, 04:45:48 PM

i'm sure the OP must have a great awareness that regret always comes late....but i will not judge the OP for this mistake he did, everyone especially gamblers must have a greed that is difficult to control, so hopefully the OP and all of us can learn from mistakes like this, keep the spirit OP, i hope you can solve the debt problem you are experiencing ^{(i'm trying to encourage the OP from losing playing gambling due to selfishness)}

Greed is always there but if you allow it to win then you'll eventually be losing all that you've worked for. No one stops you to gamble but do not go that far.
When you have to gamble with the money that you've worked hard for months. It's okay to put a budget to your gambling needs but be in control of it. Because if you don't, gambling is the one that will control you and every time you've saved money to be spent in other meaningful things, you'll do this again.

Maus0728

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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

Why would you even gamble your hard earned money at the first place lol Cheesy

If you don't want such disappointment and feeling lost, better not use your hard earned money on risky games, but rather just use some money that you might got as a bonus or those that came onto you easily. Even if you win or return your money that time, it will still be a lose for you as you will get addicted to the satisfaction of gambling and how fun it was to risk a precious thing and win. Better get a grip of a fine mindset before entering gambling again dude.

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Quote from: macson on April 30, 2022, 04:45:48 PM

Quote from: zaim7413 on April 29, 2022, 11:30:23 PM

Have you ever thought that regret always comes too late? Not everyone is lucky when gambling, there are times to lose and there are times to win. What you are experiencing now are the result of your greed to get more money from the bets you place. No need to be sorry mate, everything has happened. Start looking for money from whatever source you can get to pay off debt so you do not have to be burdened with interest.

i'm sure the OP must have a great awareness that regret always comes late....but i will not judge the OP for this mistake he did, everyone especially gamblers must have a greed that is difficult to control, so hopefully the OP and all of us can learn from mistakes like this, keep the spirit OP, i hope you can solve the debt problem you are experiencing ^{(i'm trying to encourage the OP from losing playing gambling due to selfishness)}

i guess, he's not alone in this dilemma. i believe most of us experienced the same, maybe not paying for the debt, but the aim of earning more by betting. but most of the time, i put a boundary which means, if i go down to a certain level. i need to stop no matter what. but i think, some will continue for the hope of recovering the losses. which is a normal reaction of most gamblers. as he needs to pay a debt, i believe next time, better keep your money not for gambling but pay first your debt. don't be tempted on the idea that you can double it fast because you are not so sure when it comes to gambling.

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Quote from: zaim7413 on April 29, 2022, 11:30:23 PM

Have you ever thought that regret always comes too late? Not everyone is lucky when gambling, there are times to lose and there are times to win. What you are experiencing now are the result of your greed to get more money from the bets you place. No need to be sorry mate, everything has happened. Start looking for money from whatever source you can get to pay off debt so you do not have to be burdened with interest.

i'm sure the OP must have a great awareness that regret always comes late....but i will not judge the OP for this mistake he did, everyone especially gamblers must have a greed that is difficult to control, so hopefully the OP and all of us can learn from mistakes like this, keep the spirit OP, i hope you can solve the debt problem you are experiencing ^{(i'm trying to encourage the OP from losing playing gambling due to selfishness)}

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