Hard earned money - Busted in seconds - page 26.

magneto

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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

Sorry man. I hope you're okay financially.

It can't be understated how important it is to bet within your limits. And if you think that you are getting out of hand with your bets, go out there and take a breather. Stop chasing the losses.

It seems like that you may genuinely have an addiction. Perhaps it would be useful to seek some counseling/use voluntary self-exclusion to help for a bit.

btc_angela

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Quote from: Peanutswar on April 29, 2022, 11:46:34 PM

This is a common mistake when we make too much greed in a winning moment. We want to make a risk even though it's already a not assurance game. I'm not a fan of gambling too much, but when I manage to win a single game more than the current deposit, it's ideal for making a stop. Feels sad to your losses. I guess another gambling game is not perfect for creating risk. It's all about chances.

I don't think it has something to do with greed, if you read his history, he started small and have a losing streak, and to recoup, he might have been using the martingale system to quickly bounce and recover what he previously losses. But Lady Luck is not on his side, and it just matter of minutes his capital has been sweep without him not knowing what really happen until it's too late (his decision is clouded).

TravelMug

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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

Damn, I'm sorry to hear that mate, I was also in the same boat as you, 3 months hard earn money but lost everything in the casino last night. I usually don't do that, but i lost control of myself and totally got busted playing some card games, very unlucky. The good thing is that the money is not for paying a debt but I just save it. So back to zero to me, time to save again in the next 3 months and hopefully I can do that. The hard thing is controlling myself not to go to traditional base casino again. Sad

Peanutswar

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This is a common mistake when we make too much greed in a winning moment. We want to make a risk even though it's already a not assurance game. I'm not a fan of gambling too much, but when I manage to win a single game more than the current deposit, it's ideal for making a stop. Feels sad to your losses. I guess another gambling game is not perfect for creating risk. It's all about chances.

zaim7413

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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.

Poker Player

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

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

Hey man, sorry about your loss. Has this happened to you before?

Quote from: STT on April 29, 2022, 09:38:27 PM

I studied statistics at school and I've never heard a good defense for using martingale technique...

When I read the OP, I thought that he probably used martingale or one of its variants, but I am not sure. In any case, I would recommend that if this happens to him more often he take action because it is normal for a responsible gamble at some point in his life to have lost more money than he had originally set out to lose, but if this starts to happen with some frequency, you have to take action to stop it however you can.

mu_enrico

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Yea, shit happens mate. I'm pretty sure you are well aware of the risk and responsible gambling stuff. Anyway, dice game is a lot faster than any other games, so you need to be more mindful if you use auto play. Also, $98 bet just to get 23% ($24.5) profit isn't worth it IMO.

STT

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I studied statistics at school and I've never heard a good defense for using martingale technique outside of its easily understood and operated as a strategy. I was sitting in a casino bar 22 years ago hearing that strategy, its a good story I wont deny its appeal but best left as a thought not action imo. Its best to stick low bets till you are comfortable, good thing in crypto is its so divisible but also every loss still counts due to the high growth year to year so even a small gamble should be considered a proper bet. The main thing is to build up your technique and recognition to any game, do that on at most one tenth of your normal size and also split days you do bet so not all at once; its possible you process/digest your experience after the game and play better the next day.
If games werent profitable to run they wouldnt be hosted, the challenge is riding that horse without getting thrown dont be too down on yourself just play for fun next time only.

Jawhead999

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You have been this forum since 2013 and you're very familiar with gambling as I can see you're active in this board. There are so many thread created about gambling addictions and got many repetitions, you should have read that at least one thread, but I don't know why you can still become an addict. Now you regretting you have done before, however you're need to think how to pay your debt and the interest ASAP since crying over it doesn't solve the problem.

goinmerry

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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

No choice but to fight the temptation. Only you can help yourself.

I understand the feeling after a big loss and what I just do is, accept how hard it is, stay away from gambling for a few days, then come back betting with a conditioned and relaxed mind. I won't suggest quitting gambling just because of that as we are in still control but just needs to take a break to understand what part did we do something wrong.

But before going back to gambling, please take time to save first to pay your debt. Take that as a lesson and I'm sure you understand what you did.

cabron

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The more you lose the more you wanted it back. Heard it somewhere and they are saying its human nature, maybe its true because you are not the only who chased the win. A lot us lose their money. Of course, every experience gives us realization and lessons.

Somewhere in the past I bet dice roll under 90. That's a huge probability and I still lose playing martingale. That's when I promise to rarely do it and do it on sports betting.

romero121

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It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me Sad

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