Hard earned money - Busted in seconds - page 9.

Tumanggor

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Quote from: nakamura12 on May 14, 2022, 05:13:18 PM

That's why you have to learn how to manage your own money. Just make a portion out of the total money you have like 50% save and the rest 50% will be divided among the choices you want like gambling, purchasing something or whatever you want with it. So when you started your bet at $3 then you still have money left even though you started to bet until $98 but still it's just a portion of your total money you have and you are just not lucky at the moment.

Your advice is very good but it's actually very difficult to put into practice. the majority of gambling players today do not have good financial management skills, they only gamble because of temporary emotions and that is what makes many lose the moment and lose big

luck must come to a gambler but when their greed is greater then it makes them fail and lose big

VanityWallets2015

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It's a shame if you gamble a lot of money through it. Especially the moments after that when you realize that you have lost all your money. After that you have to be strong and make sure you don't gamble all your power through it again. Easier said than done of course. You should actually build in a self-protection by building in a certain budget. If you are not prone to addictions, you will not lose a lot of money quickly.

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Quote from: nakamura12 on May 14, 2022, 05:13:18 PM

That's why you have to learn how to manage your own money. Just make a portion out of the total money you have like 50% save and the rest 50% will be divided among the choices you want like gambling, purchasing something or whatever you want with it. So when you started your bet at $3 then you still have money left even though you started to bet until $98 but still it's just a portion of your total money you have and you are just not lucky at the moment.

It doesn't work like that, gambler gonna find a way to get coins for addiction or to chase losses. Accepting loss is first part to be profitable gambler in the long run, the more you feel urge to deposit the chances will decrease to recover. Being lucky and spending only small percentage of salary can help but for addicted users it is not possible, unfortunately. There are many threads related to mentioned factor.

nakamura12

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That's why you have to learn how to manage your own money. Just make a portion out of the total money you have like 50% save and the rest 50% will be divided among the choices you want like gambling, purchasing something or whatever you want with it. So when you started your bet at $3 then you still have money left even though you started to bet until $98 but still it's just a portion of your total money you have and you are just not lucky at the moment.

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Quote from: romero121 on April 29, 2022, 09:59:56 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

You only lost $3 at the end which was your capital, so do not cry again. Gambling is a game of luck. There is no guarantee to what happens. It can go well or bad for anyone. There is that spirit of gambling which makes every loser go back to playing after losing and definitely you will return to it soon once your hurt heals. Next time you should make a decision to withdraw your winnings before placing more bets. That way you will not lose everything.

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Quote from: CaVO32 on May 14, 2022, 09:21:11 AM

Quote from: Peanutswar on May 14, 2022, 07:54:35 AM

Well in gambling its all about the luck too not all the time the luck is with us and giving a good profit as we play, having self-awareness is the most ideal thing to do such as having a limitation to ourselves. It is good like making a limitation for the deposit for a day and next if you think its not a good game why not make a step back there's nothing wrong with it than urging too much to get grind more back the losses. Discipline is the most essential and fundamental in gambling, emotions must need to set aside.

Honestly, it is easy to give a piece of advise to someone when it comes to gambling. But when you are the one in this situation, I believe you will also make the same mistake. I am just basing on my own experience. I know, you need to set your limits if you are aiming to pay somebody or pay your bills. But when you are already deep in your game, what you will feel is you need to recover the losses and earn profits. And most of the time, you won't recover those losses and end up losing all if you will not stop chasing those losses.

In your example, it turns out that a man carried away with gambling forgets about his obligations that he had to fulfill but could not because he lost all the money. Such behavior can indicate two possible variants: carelessness or addiction to gambling. If he is thoughtless about his responsibilities no one will have anything to do with him, but if he is a gambling addict he urgently needs help from specialists.

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Quote from: Fundamentals Of on May 12, 2022, 10:18:17 PM

This is gambling. Whether you increase your winning chance to as high as 90% or reduce it to as low as 10%, the possibility of losing is always there. And in terms of money management in gambling, those adjustments almost make no difference at all.

Sometimes it is weird that 90% win chance gives you more losses than a 10% chance where you can hit it in a couple of bets. This is why I like to play with high odd games because to me they are less risky than chasing a small win and ended up risking more money on a low odd game although yeah it all boils down to money management because no matter what odds you play, low or high but if you don't know how to manage your money, you will always lose and possibly become an addicted gambler in no time.

Quote from: Fundamentals Of on May 12, 2022, 10:18:17 PM

I used to play dice more often but when I was new to the game, I almost couldn't believe that I could lose money even if I adjusted my winning possibility with a higher percentage.

That's a common mistake made by newbies. We think it was a scam but no, that's just normal in gambling. There are times that you can win more often in high chance but you should learn how to stop because those winnings can turn into losses the longer you play.

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Quote from: Ziskinberg on May 14, 2022, 10:23:17 AM

Quote from: CaVO32 on May 14, 2022, 09:21:11 AM

Quote from: Peanutswar on May 14, 2022, 07:54:35 AM

Well in gambling its all about the luck too not all the time the luck is with us and giving a good profit as we play, having self-awareness is the most ideal thing to do such as having a limitation to ourselves. It is good like making a limitation for the deposit for a day and next if you think its not a good game why not make a step back there's nothing wrong with it than urging too much to get grind more back the losses. Discipline is the most essential and fundamental in gambling, emotions must need to set aside.

Honestly, it is easy to give a piece of advise to someone when it comes to gambling. But when you are the one in this situation, I believe you will also make the same mistake. I am just basing on my own experience. I know, you need to set your limits if you are aiming to pay somebody or pay your bills. But when you are already deep in your game, what you will feel is you need to recover the losses and earn profits. And most of the time, you won't recover those losses and end up losing all if you will not stop chasing those losses.

That's correct, even I was addicted before to gambling but I learn from my mistakes, it's not that easy but as you always continue to correct your mistakes, eventually you'll be able to train yourself on how to gamble responsibly. The main reason why we gets addicted is because of greediness, maybe we understand the risk but we don't calculate it, that's why we go beyond our limit.

If we are able to control our greediness and emotions, we can succeed in gambling, trading, and many more things in life. The problem is that not many people have the ability to overcome greediness. It's human nature that we need quick money and for this purpose, we take risks without thinking the negative aspect of this. Most of the gamblers lose all their winning amount just because they are more greedy.

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Quote from: CaVO32 on May 14, 2022, 09:21:11 AM

Quote from: Peanutswar on May 14, 2022, 07:54:35 AM

Well in gambling its all about the luck too not all the time the luck is with us and giving a good profit as we play, having self-awareness is the most ideal thing to do such as having a limitation to ourselves. It is good like making a limitation for the deposit for a day and next if you think its not a good game why not make a step back there's nothing wrong with it than urging too much to get grind more back the losses. Discipline is the most essential and fundamental in gambling, emotions must need to set aside.

Honestly, it is easy to give a piece of advise to someone when it comes to gambling. But when you are the one in this situation, I believe you will also make the same mistake. I am just basing on my own experience. I know, you need to set your limits if you are aiming to pay somebody or pay your bills. But when you are already deep in your game, what you will feel is you need to recover the losses and earn profits. And most of the time, you won't recover those losses and end up losing all if you will not stop chasing those losses.

Yes if we are in his feet sometimes we fall in this situation, when we gain something our brain tend to make us feel overwhelmed and that will result to make us play and play even though the odds are not in our favor. I think the feeling of winning hinder us to stop the game not the losses. I rarely play dice games and casinos, because I can't stop myself.

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Quote from: CaVO32 on May 14, 2022, 09:21:11 AM

Quote from: Peanutswar on May 14, 2022, 07:54:35 AM

Well in gambling its all about the luck too not all the time the luck is with us and giving a good profit as we play, having self-awareness is the most ideal thing to do such as having a limitation to ourselves. It is good like making a limitation for the deposit for a day and next if you think its not a good game why not make a step back there's nothing wrong with it than urging too much to get grind more back the losses. Discipline is the most essential and fundamental in gambling, emotions must need to set aside.

Honestly, it is easy to give a piece of advise to someone when it comes to gambling. But when you are the one in this situation, I believe you will also make the same mistake. I am just basing on my own experience. I know, you need to set your limits if you are aiming to pay somebody or pay your bills. But when you are already deep in your game, what you will feel is you need to recover the losses and earn profits. And most of the time, you won't recover those losses and end up losing all if you will not stop chasing those losses.

That's correct, even I was addicted before to gambling but I learn from my mistakes, it's not that easy but as you always continue to correct your mistakes, eventually you'll be able to train yourself on how to gamble responsibly. The main reason why we gets addicted is because of greediness, maybe we understand the risk but we don't calculate it, that's why we go beyond our limit.

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Quote from: Peanutswar on May 14, 2022, 07:54:35 AM

Well in gambling its all about the luck too not all the time the luck is with us and giving a good profit as we play, having self-awareness is the most ideal thing to do such as having a limitation to ourselves. It is good like making a limitation for the deposit for a day and next if you think its not a good game why not make a step back there's nothing wrong with it than urging too much to get grind more back the losses. Discipline is the most essential and fundamental in gambling, emotions must need to set aside.

Honestly, it is easy to give a piece of advise to someone when it comes to gambling. But when you are the one in this situation, I believe you will also make the same mistake. I am just basing on my own experience. I know, you need to set your limits if you are aiming to pay somebody or pay your bills. But when you are already deep in your game, what you will feel is you need to recover the losses and earn profits. And most of the time, you won't recover those losses and end up losing all if you will not stop chasing those losses.

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Quote from: asus09 on May 14, 2022, 07:08:10 AM

Quote from: Dunamisx on May 14, 2022, 06:55:51 AM

Quote from: delfastTions on May 12, 2022, 07:13:34 AM

This thread must have been opened by OP when he suddenly made a big bet and lost!

OP specifically stated that he was screwed at the end, this is an experience he had pass through and bring up for others to learn from his case, loosing money on playing bet isn't something new since it's a fifty by fifty chance of winning or loosing, most gamblers doesn't consider all these something new anymore because they are used to playing over time to win or several occasions or loose as well, but i think for a begginer or someone who vested a huge amount on a game to have lost the winning will definitely finds it disheartening enough, because playing bet is a gradual process, you start small and begin to increase your betting stakes before you know it turns to a huge amount for staking.

learn from experience, and learn from mistakes, each of us must have felt failure and fall, and lost consciousness while playing gambling, but if we want to learn from mistakes we will definitely get better, and can definitely control ourselves so that we avoid waste, we must remember our hard earned money, lest we spend it in vain.

Well in gambling its all about the luck too not all the time the luck is with us and giving a good profit as we play, having self-awareness is the most ideal thing to do such as having a limitation to ourselves. It is good like making a limitation for the deposit for a day and next if you think its not a good game why not make a step back there's nothing wrong with it than urging too much to get grind more back the losses. Discipline is the most essential and fundamental in gambling, emotions must need to set aside.

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Quote from: Dunamisx on May 14, 2022, 06:55:51 AM

Quote from: delfastTions on May 12, 2022, 07:13:34 AM

This thread must have been opened by OP when he suddenly made a big bet and lost!

OP specifically stated that he was screwed at the end, this is an experience he had pass through and bring up for others to learn from his case, loosing money on playing bet isn't something new since it's a fifty by fifty chance of winning or loosing, most gamblers doesn't consider all these something new anymore because they are used to playing over time to win or several occasions or loose as well, but i think for a begginer or someone who vested a huge amount on a game to have lost the winning will definitely finds it disheartening enough, because playing bet is a gradual process, you start small and begin to increase your betting stakes before you know it turns to a huge amount for staking.

learn from experience, and learn from mistakes, each of us must have felt failure and fall, and lost consciousness while playing gambling, but if we want to learn from mistakes we will definitely get better, and can definitely control ourselves so that we avoid waste, we must remember our hard earned money, lest we spend it in vain.

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Quote from: delfastTions on May 12, 2022, 07:13:34 AM

This thread must have been opened by OP when he suddenly made a big bet and lost!

OP specifically stated that he was screwed at the end, this is an experience he had pass through and bring up for others to learn from his case, loosing money on playing bet isn't something new since it's a fifty by fifty chance of winning or loosing, most gamblers doesn't consider all these something new anymore because they are used to playing over time to win or several occasions or loose as well, but i think for a begginer or someone who vested a huge amount on a game to have lost the winning will definitely finds it disheartening enough, because playing bet is a gradual process, you start small and begin to increase your betting stakes before you know it turns to a huge amount for staking.

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Quote from: bilal_jan321 on May 14, 2022, 05:18:47 AM

Remember in gambling, "a winner is the one who knows when to stop". If you keep on betting based on your previous wins than you are deemed to loose that all one day. Its very hard to stop betting when you are winning and thats why gambling is banned in some parts of the world that it usually take people to debt.

I agree, only a handful of people can make a living out in gambling, those people are good in numbers but if you are just an average joe, you will win sometimes but in the long-run the losing streak will get you if you dont stop.

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Quote from: Fundamentals Of on May 12, 2022, 10:18:17 PM

This is gambling. Whether you increase your winning chance to as high as 90% or reduce it to as low as 10%, the possibility of losing is always there. And in terms of money management in gambling, those adjustments almost make no difference at all.

I used to play dice more often but when I was new to the game, I almost couldn't believe that I could lose money even if I adjusted my winning possibility with a higher percentage.

The same is true of all other casino games. There's no way to eliminate risk entirely, and this is why the most players in a casino often lose the most money and why the house tends to make more money than the gambler, since their risk does not exceed the gambler's.

My advice is to play the game at a very modest amount, and stick to that amount. Over time, it won't cost you that much more to enjoy the game if you stick to that limit.

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Quote from: romero121 on April 29, 2022, 09:59:56 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

Remember in gambling, "a winner is the one who knows when to stop". If you keep on betting based on your previous wins than you are deemed to loose that all one day. Its very hard to stop betting when you are winning and thats why gambling is banned in some parts of the world that it usually take people to debt.

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Quote from: mirakal on May 13, 2022, 03:24:29 PM

Quote from: carlisle1 on May 12, 2022, 07:37:38 AM

Quote from: aioc on May 11, 2022, 06:11:24 PM

Quote from: wxa7115 on May 11, 2022, 05:37:06 PM

However if you can control yourself then those losses are not really that important as they will be on the low side, but some people cannot accept this and as such they let their emotions to surface and get indignant that they have lost, then they bet more than what they had in mind during the session and that is when the stories of massive losses actually happen.

I'm not really surprised by OP's experience as casinos are the easiest way to bust or lose money I have proven that myself, you can lose everything in one bet, if you're looking to make money you'll always be tempted to go all out and bet everything if you're just want to enjoy playing you'll not put everything in one bet, you'll take things easy and make most of the money that you allocate to play with.

And most of all, if you are only aiming to have some fun, you are ready to accept that the amount you spent will be burned after playing.

It's just a bonus if you win, but most of the time, you'll lose and let the enjoyment be the price for having that fun. Unlike with OP's situation

he might be trying to grow his bankroll and each time he suffers from losses, he aggressively tries to win it back till he finds out that nothing left

inside his bankroll.

You're definitely right about that! Gambling is only good thing if you just seek it for entertainment purposes or some past time activities but if you're seeking casinos to gain money or think of it as a part time job where you can earn then that's where the mistakes happen as people already know that mostly casinos are the one who ends up winning at the end of the day than the gamblers yet they still gamble in hopes that they could pull a good hit.

When people receive money as a reward for winning gambling, they see it as an opportunity to earn money. In addition, I know people who sincerely believe that gambling is an easy and quick way to "make" money without putting any knowledge and effort into it. Agree, this is not quantum physics or work in a warehouse as a loader. Most want to make money first, and entertainment is of secondary importance. Many people realize that it is almost impossible to beat the casino, but their greed and self-confidence pushes them to challenge it. As a result, we see similar topics about losing hard-earned money.

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Quote from: noormcs5 on May 13, 2022, 03:32:33 PM

Why do we need to be that much greedy that we put everything in one bet. We will either succeed and become rich within seconds o lose everything, and don't have any more money to bet and play. It's like make or break and i would not suggest anyone to take this insane risk. the chances of losing are much more a compare to the chances of winning these types on bet. We should learn from the mistake which OP made and lose all his money.

Also for the OP - make sure you are not slapped hard in face again by a casino. Don't risk your pays and bills money in casino.
Never ever again. Bytheway - how many days did it take you to recover from the grief? or are you still repenting for the loss?

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Quote from: aioc on May 11, 2022, 06:11:24 PM

Quote from: wxa7115 on May 11, 2022, 05:37:06 PM

However if you can control yourself then those losses are not really that important as they will be on the low side, but some people cannot accept this and as such they let their emotions to surface and get indignant that they have lost, then they bet more than what they had in mind during the session and that is when the stories of massive losses actually happen.

I'm not really surprised by OP's experience as casinos are the easiest way to bust or lose money I have proven that myself, you can lose everything in one bet, if you're looking to make money you'll always be tempted to go all out and bet everything if you're just want to enjoy playing you'll not put everything in one bet, you'll take things easy and make most of the money that you allocate to play with.

Why do we need to be that much greedy that we put everything in one bet. We will either succeed and become rich within seconds o lose everything, and don't have any more money to bet and play. It's like make or break and i would not suggest anyone to take this insane risk. the chances of losing are much more a compare to the chances of winning these types on bet. We should learn from the mistake which OP made and lose all his money.

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