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Topic: Hard earned money - Busted in seconds - page 4. (Read 3701 times)

full member
Activity: 952
Merit: 105
Quote from: romero121 link=topic=5396713.msg60006422#msg60006422

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

You are lucky that you lose only 98$, I lost 175$ yesterday and 60$ last week. You can easily imagine how I would be feeling right now. Gambling is all about losing your hard earned money in few minutes or seconds. Despite all my efforts I can't restrict myself from gambling.
A loss is loss, and what made my loss bad is that I lost every bets to roll over 20. That is really bad, and a loss of $235 is really big for a common gambler. As far gambling is concerned, don't try to recover those losses. Give some time or take a break and this will help you atleast get back little than emotionally getting lost.
Gambling is good when you win - but its a serious serious trouble when you are at losing end.
Gambling is considered as illegal in some region. Now I realize why it is illegal.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
Quote from: romero121 link=topic=5396713.msg60006422#msg60006422

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

You are lucky that you lose only 98$, I lost 175$ yesterday and 60$ last week. You can easily imagine how I would be feeling right now. Gambling is all about losing your hard earned money in few minutes or seconds. Despite all my efforts I can't restrict myself from gambling.
A loss is loss, and what made my loss bad is that I lost every bets to roll over 20. That is really bad, and a loss of $235 is really big for a common gambler. As far gambling is concerned, don't try to recover those losses. Give some time or take a break and this will help you atleast get back little than emotionally getting lost.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
That's what happens to gamblers because not all gamblers can open up and tell other people because, in some countries, gambling is considered nothing and will instead be given a negative impression.
So for those gamblers, keep their stories about gambling and don't share them with others.
It will be even more difficult if the gamblers are addicted because no one will know.
No matter where do we live, we should start to share our experience once gambling is started to be a "problem" in our life. If we keep it ourselves as a secret and no one knows, it is possible that it will become a bigger problem. If we share it to our close-friends or family, we may hear some opinions and hopefully to get a better solution to get rid of the problem.
This is the reason why I let my mother and fiance of the time (now wife) know as soon as I lost all my money when I was back in college. Don't get me wrong, I live in a small nation and I didn't had much money, it was like 200 bucks or something and meant nothing to my parents, they laughed at it. But to me, that was like a good few computer games money that I lost, or a few going outs with my fiance money that I lost (probably games lol).

So, I whined about doing something stupid, and shown my regret and they simply said they were there for me for any time I have the urge to gamble and would be willing to do something else to take my mind off it. Helped a ton.

Good for you that you have someone who are open-minded to understand and to support you with that kind of mistake, though you are right $200 is not that much compared to those who losses a lot of savings with this kind of regretful mistake, gambling is something that you need to understand before taking the risk.

Just how the title of this thread, hard earned money that got busted that quick without any chance of recovering if you won't add another set of fund.

But that's another stupidity, as the chance of losing again is not by far.
legendary
Activity: 2310
Merit: 2073
^

I have developed restrictions for myself by which I try not to gamble more than a couple of times a month and spend no more than $100 per game. In my opinion, such restrictions do not allow me to get used to gambling. I would, if I were you, reduce the number of visits to casinos because I think it is important in the fight against gambling addiction.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
Quote from: romero121 link=topic=5396713.msg60006422#msg60006422

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

You are lucky that you lose only 98$, I lost 175$ yesterday and 60$ last week. You can easily imagine how I would be feeling right now. Gambling is all about losing your hard earned money in few minutes or seconds. Despite all my efforts I can't restrict myself from gambling.

Well, when I first started gambling excessively, I lost more than $300 just like that.
It was hard earned money ofcourse but I didn't realize the losses until one day I calculated all my losses and the amount crossed $300.
That was when I decided not to gamble excessively and from that day onwards, I never gambled with an amount more than $5 per bet.
Also, I gamble for not more than 10 - 15 minutes a day and less than 4-5 times a week.
This way I have restricted myself from gambling excessively and limiting my losses. Self control is the trick here.
sr. member
Activity: 616
Merit: 252
If am not mistaken you are trying to say you use all that  you have in your account to play gamble, if it so you have gone beyond the limit.  You are supposed to know your limit in Gambling and not to gamble with the number you can't afford to lose.
It's true as you said, if we gamble beyond the limit, of course we will experience huge losses, because in gambling we must be able to control ourselves, if we can't control it, it is certain that all the wealth we have will disappear in an instant.
legendary
Activity: 2310
Merit: 2073
"In gambling a winner is the one who knows when to stop". the real catch is when to stop in either case you win or lose. Normally
people keep on betting when they are losing or winning and that's where problem start. I am happy that gambling is ban in my country and I gamble rarely on crypto sites.
That means that even gambling is banned on your country, you still happen to gamble at some moments of your life during this rule of law has been implemented. Well, going with the winners who knows how to stop.
IMHO, the correct terms would be disciplined and accountable. Any gambler who's disciplined and accountable will know when it's time to give up and just stop. There will be matters that should be addressed more importantly than going on if they know that they're already defeated for that.
It's not a total loss if you happen to stop when things are not working for you like most of your bets are dropping in losses.

So you definitely do not have a gambling addiction because many people play online casinos via VPN/TOR despite the ban on gambling in their countries. In my city there are no land-based casinos that would have a license and I have to play online. It seems to me I have no gambling addiction as I can leave the gaming area at any time and try to do it immediately after winning and also can do without gambling for a month or more.
member
Activity: 798
Merit: 34
If am not mistaken you are trying to say you use all that  you have in your account to play gamble, if it so you have gone beyond the limit.  You are supposed to know your limit in Gambling and not to gamble with the number you can't afford to lose.
hero member
Activity: 3080
Merit: 603
"In gambling a winner is the one who knows when to stop". the real catch is when to stop in either case you win or lose. Normally
people keep on betting when they are losing or winning and that's where problem start. I am happy that gambling is ban in my country and I gamble rarely on crypto sites.
That means that even gambling is banned on your country, you still happen to gamble at some moments of your life during this rule of law has been implemented. Well, going with the winners who knows how to stop.
IMHO, the correct terms would be disciplined and accountable. Any gambler who's disciplined and accountable will know when it's time to give up and just stop. There will be matters that should be addressed more importantly than going on if they know that they're already defeated for that.
It's not a total loss if you happen to stop when things are not working for you like most of your bets are dropping in losses.
sr. member
Activity: 952
Merit: 281
Exactly, after winning $1000 you don't feel it like real money. The problem is psychological, we have to stop gambling for long rounds, our brains fail feeling of how to make hard cash due to long series of up/downs. Unfortunate cases will happen more in case of user keep gambling every week,  taking break for 1 month will take back to reality.

"In gambling a winner is the one who knows when to stop". the real catch is when to stop in either case you win or lose. Normally
people keep on betting when they are losing or winning and that's where problem start. I am happy that gambling is ban in my country and I gamble rarely on crypto sites.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
This is called chasing your losses and it happens almost everywhere where money is involved, it is not rare for a trader to work for months to get profits and then when they make a bad trade and lose a great deal of those profits they cannot accept it and then use a lot of money during the next trade to try to recover the money they lost.

However most likely they will lose that trade as well as they were not thinking clearly during those moments, so instead of experimenting a small loss and move on now they have to deal with massive losses which will be almost impossible to recover.
Chasing losses can lead to suicide like in crash scene of Luna in rare cases, traders or gamblers should think twice before chasing losses in previous loss session. It may pay you once and gambler can win back losses but one mistake or bad loss streak can destroy bankroll management terribly. Having a self awareness and proper control of your bets can save gambler, this is what we are suggesting to do.
And without a doubt you are right, however being self-aware is something that most people are not used to do, just as an example I remember that once a friend said that he was interested in singing and he had been taking some classes and he wanted to sing a song for a group of friends.

Then when he finished the first thing that came to my mind was that he was terrible, but did anyone actually told him the truth? No, everyone was nice and they told him he was doing great and to keep practicing, and to this day he cannot sing well at all, my point with this story is to show that most of the time people will not tell you the truth about your performance and as such you may have the idea that you are great at something when in fact you are terrible, most of the time this is not a problem but when it comes to the markets and gambling this can be a terrible weakness to have.
hero member
Activity: 2870
Merit: 574
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Of course, it's terribly insulting when you lose a large amount. However, the stage of acceptance comes and the player calms down a bit. I also read here in the topic above that a person can then remember a big loss all his life. But I think that time erases such memories from memory and they are forgotten. Usually people remember their victories or luck much better. Losses are forgotten much faster. OP, don't worry too much.
Probably this topic has already helped him forget the loss and treat this state with humor.
That would be fine if they could calm down, but we've seen other people getting even more eager to recover from their losses and continue to gamble.
They have not realized that what they have lost is more than enough and that they should stop and not try any further.
Forgetting defeat is not as easy as it sounds because it involves our feelings but indeed, we should try to forget it and learn from our mistakes.
Hopefully, they can figure it out and don't repeat the same thing in the future.

No matter where do we live, we should start to share our experience once gambling is started to be a "problem" in our life. If we keep it ourselves as a secret and no one knows, it is possible that it will become a bigger problem. If we share it to our close-friends or family, we may hear some opinions and hopefully to get a better solution to get rid of the problem.
That's right. If we have problems with gambling, we can share or tell stories with people close to us.
By sharing stories with them, we can feel relieved and not burdened with various gambling problems that befall us.
Thus, it will ease their minds and be able to live their lives well and as long as they can manage their finances well, they don't have to worry about another loss.
If they could completely stay away from gambling, that would be even better.
legendary
Activity: 2310
Merit: 2073
^

How can you afford to gamble with the money you win from the casino if in the long run the casino has an advantage over the player?

If a person knows how to control himself while gambling, he does not have to quit gambling in order not to lose money. We all get pleasure from different things - some from alcohol, some from skydiving and some from gambling and it all requires money.
sr. member
Activity: 1232
Merit: 379
It is beginning to sound stupid to me to loose one's money to a casino that has already been programmed.While gambling,loosing your hard earned money is going to be the outcome.Before I used to hate the idea of using the money you worked for to gamble,I do prefer using the one you won from them to play,but even using the one you won from them to play,when the casino finishes it,you will still use your hard earned money to play because once you start playing and they've won your money once,there is every tendency that you will continue to play untill they finish all your money.So running from gambling is the only way to save your money.
sr. member
Activity: 952
Merit: 281
Quote from: romero121 link=topic=5396713.msg60006422#msg60006422

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

You are lucky that you lose only 98$, I lost 175$ yesterday and 60$ last week. You can easily imagine how I would be feeling right now. Gambling is all about losing your hard earned money in few minutes or seconds. Despite all my efforts I can't restrict myself from gambling.
hero member
Activity: 2968
Merit: 687

That is only good if the people who surrounds these gamblers won't give a bad compliment or some negative comments in anyway because if that's the case then I won't be shocked if these gamblers are also not interested in sharing their problems and how deep already they are in terms of being an addict because they knew that they would just hear some unwanted comments instead of getting some help from them. That's how toxic our society in todays world Sad
gamblers face it more often- but they are careful with what funds they are risking.
He risked his rental and bills money on the gambling. Which was a very bad mistake. Hope he has learnt through this mistake.

I seriously think that you don't understand, these gamblers are already addicted and they have dug quite deep enough for themselves because of the debts and unwanted losses but that's the risk they need to face as an addicted gambler. That is also the reason why they badly need help from the people who surround them, but getting some help in that position is not an easy thing to do.

People will always learn through their mistakes, the hard part is that we will just wait to learn it in a hard way when things are already risky.
People do mostly learn in the end or realize when they are experiencing hard situations that they haven't encountered or experience before that's why it would really come naturally on where we do learn and be aware on next time.

If you don't like to mess up your finances then you should be mindful on your spending because if not then you would really fall into the pit of addiction which might or likely result into unfortunate conditions.
legendary
Activity: 2884
Merit: 1117
That's what happens to gamblers because not all gamblers can open up and tell other people because, in some countries, gambling is considered nothing and will instead be given a negative impression.
So for those gamblers, keep their stories about gambling and don't share them with others.
It will be even more difficult if the gamblers are addicted because no one will know.
No matter where do we live, we should start to share our experience once gambling is started to be a "problem" in our life. If we keep it ourselves as a secret and no one knows, it is possible that it will become a bigger problem. If we share it to our close-friends or family, we may hear some opinions and hopefully to get a better solution to get rid of the problem.
This is the reason why I let my mother and fiance of the time (now wife) know as soon as I lost all my money when I was back in college. Don't get me wrong, I live in a small nation and I didn't had much money, it was like 200 bucks or something and meant nothing to my parents, they laughed at it. But to me, that was like a good few computer games money that I lost, or a few going outs with my fiance money that I lost (probably games lol).

So, I whined about doing something stupid, and shown my regret and they simply said they were there for me for any time I have the urge to gamble and would be willing to do something else to take my mind off it. Helped a ton.
legendary
Activity: 3248
Merit: 1160
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That is only good if the people who surrounds these gamblers won't give a bad compliment or some negative comments in anyway because if that's the case then I won't be shocked if these gamblers are also not interested in sharing their problems and how deep already they are in terms of being an addict because they knew that they would just hear some unwanted comments instead of getting some help from them. That's how toxic our society in todays world Sad
gamblers face it more often- but they are careful with what funds they are risking.
He risked his rental and bills money on the gambling. Which was a very bad mistake. Hope he has learnt through this mistake.

I seriously think that you don't understand, these gamblers are already addicted and they have dug quite deep enough for themselves because of the debts and unwanted losses but that's the risk they need to face as an addicted gambler. That is also the reason why they badly need help from the people who surround them, but getting some help in that position is not an easy thing to do.

People will always learn through their mistakes, the hard part is that we will just wait to learn it in a hard way when things are already risky.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
People with gambling addiction should have a financial barrier. They should have as little money as possible or better still don't go out with any money. What I mean is that someone else should be in possession of their money in their bank account. This someone  could be a spouse, a significant other, a parent. Or better still if you are married, open a joint bank account with your spouse and have her on charge of it. She'll get notifications whenever any withdrawal is made. If you are single then talk to your bank about your situation so that they don't loan you money when you don't need it.
There are some isssues attached with that, some people do not like their spouse to be attached 100% to their financial life and they just want to be in control of their money themselves, just like me and I believe just like other men. It may be the best to do but many will not do that a long as they are living and not psychotic. Gambling addiction can be very hard to treat but it can start by letting your spouse know about it but not to the extent you will give all your financial income to her to be in control. There should be other ways that can help.
hero member
Activity: 1120
Merit: 887
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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 Sad Sad

People with gambling addiction should have a financial barrier. They should have as little money as possible or better still don't go out with any money. What I mean is that someone else should be in possession of their money in their bank account. This someone  could be a spouse, a significant other, a parent. Or better still if you are married, open a joint bank account with your spouse and have her on charge of it. She'll get notifications whenever any withdrawal is made. If you are single then talk to your bank about your situation so that they don't loan you money when you don't need it.
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