How much can u lose with gambling? - page 26.

rio3233

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Quote from: PacePay on July 29, 2016, 04:32:14 PM

Quote from: Erza on July 27, 2016, 10:20:10 PM

Quote from: MaritiJames3 on July 26, 2016, 12:20:54 PM

With gambling, you can lose everything you invest.
The more money you are willing to invest, the more you can lose, i would therefore advice to make low bets.

How can you lose from what you invest? Moreover if you invest on some huge gambling site with a huge wagered because in the end house is always winning no matter what you do. But it will sure take time because this is very long investment if you place it on gambling site and it still is a good way to get some profit

i think with gambling we are unable to earn profit, no one here have any proof that they have earn bigger amount with gambling and they are getting a steady earning from gambling, you yourself not have any proof that with gambling we will earn a good profit.

I think someone out there can earn profit from gambling, but he never show off. I also lost so much money on gambling, around 3-5+ bitcoins because of gambling.

ubitcoin

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Quote from: Erza on July 27, 2016, 10:20:10 PM

Quote from: MaritiJames3 on July 26, 2016, 12:20:54 PM

With gambling, you can lose everything you invest.
The more money you are willing to invest, the more you can lose, i would therefore advice to make low bets.

How can you lose from what you invest? Moreover if you invest on some huge gambling site with a huge wagered because in the end house is always winning no matter what you do. But it will sure take time because this is very long investment if you place it on gambling site and it still is a good way to get some profit

Investment into a gambling site's bankroll as an investor is completely different kind from the perspective of gamblers and gambling. Getting scammed after you invest into gambling site as an investor completely not covered from what we are discussing here. I strongly believe those things are not covered under gamblers and gambling aspects.

20kevin20

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Quote from: PacePay on July 29, 2016, 04:32:14 PM

Quote from: Erza on July 27, 2016, 10:20:10 PM

Quote from: MaritiJames3 on July 26, 2016, 12:20:54 PM

With gambling, you can lose everything you invest.
The more money you are willing to invest, the more you can lose, i would therefore advice to make low bets.

How can you lose from what you invest? Moreover if you invest on some huge gambling site with a huge wagered because in the end house is always winning no matter what you do. But it will sure take time because this is very long investment if you place it on gambling site and it still is a good way to get some profit

i think with gambling we are unable to earn profit, no one here have any proof that they have earn bigger amount with gambling and they are getting a steady earning from gambling, you yourself not have any proof that with gambling we will earn a good profit.

I've seen many websites doing stuff like .. the owner creating an account claiming to be 'a lucky player', winning hundreds of BTC. It HAS to be the owner, I mean come on... Show me a guy who was able to win +10BTC a day in gambling, never loosing Wink

Nah man, gambling is just for fun. And if you are lucky and the site isn't rigged, you might also win what you've lost in total/more.

PacePay

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Quote from: Erza on July 27, 2016, 10:20:10 PM

Quote from: MaritiJames3 on July 26, 2016, 12:20:54 PM

With gambling, you can lose everything you invest.
The more money you are willing to invest, the more you can lose, i would therefore advice to make low bets.

How can you lose from what you invest? Moreover if you invest on some huge gambling site with a huge wagered because in the end house is always winning no matter what you do. But it will sure take time because this is very long investment if you place it on gambling site and it still is a good way to get some profit

i think with gambling we are unable to earn profit, no one here have any proof that they have earn bigger amount with gambling and they are getting a steady earning from gambling, you yourself not have any proof that with gambling we will earn a good profit.

ricardobs

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Quote from: upsidedown75 on July 29, 2016, 01:46:59 PM

Quote from: prtty2gal2 on July 28, 2016, 12:32:51 AM

Quote from: adaseb on July 27, 2016, 07:59:18 PM

The smartest way to do that would be maybe like this.

When you win some money, bet a little more and when you lose some, bet a little less. This way if you are in a good winning streak, your profits can go up exponentially while also limiting loss.

Not a good idea to limit your losses. It is a dangerously modified version of martingale strategy because when you are keep on increasing your bet amount when you are having winnings streak, one losing bet might sweep out all of your profits. Constant bet amount is always a good idea to balance both winning and losing bets.

That is the reason we are having martingale strategy with the options of not modifying bet amount when having winnings streak. When you are increasing your bet amount on winning, you might get chances to multiply your bankroll exponentially, at the same time we should not forget losses also may occur exponentially.

Losses at exponentially? Very much dangerous. The main motivation of the gamblers should be to avoid losses rather than making more profits from it. When you are concentrating to prevent your losses, you will get more chances to multiply your bankroll.

upsidedown75

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Quote from: prtty2gal2 on July 28, 2016, 12:32:51 AM

Quote from: adaseb on July 27, 2016, 07:59:18 PM

The smartest way to do that would be maybe like this.

When you win some money, bet a little more and when you lose some, bet a little less. This way if you are in a good winning streak, your profits can go up exponentially while also limiting loss.

Not a good idea to limit your losses. It is a dangerously modified version of martingale strategy because when you are keep on increasing your bet amount when you are having winnings streak, one losing bet might sweep out all of your profits. Constant bet amount is always a good idea to balance both winning and losing bets.

That is the reason we are having martingale strategy with the options of not modifying bet amount when having winnings streak. When you are increasing your bet amount on winning, you might get chances to multiply your bankroll exponentially, at the same time we should not forget losses also may occur exponentially.

neochiny

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Crypto.games

Quote from: upsidedown75 on July 28, 2016, 03:07:34 PM

Quote from: adaseb on July 27, 2016, 07:59:18 PM

The smartest way to do that would be maybe like this.

When you win some money, bet a little more and when you lose some, bet a little less. This way if you are in a good winning streak, your profits can go up exponentially while also limiting loss.

Apparently, from the experience I have watched some gamblers, there are only a few gamblers who do that.
They are often blinded by "I may win next time" or "I'll get my money back!" and carelessly bet even if it goes beyond the amount that they can afford to lose.

Right. Thats actually the surest way to lose money.Playing with money they can’t afford to lose and hoping for that one big win. That is how people can lose everything in gambling. Never knowing when to stop and letting emotions rule them, that’s how most people play tho. Lol.

naidray

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Quote from: equator on July 29, 2016, 10:00:35 AM

If i calculate that till now how much actual investment i lost , is nearly 1+ btc and if you calculate that with this investment i went till how much high and then went all lost then it will be crazy as it is nearly 6+ btc , so my main problem is i am not able to stop when i am on loosing streak. That is why i am today in heavy loss and living a normal life with earnings depended on signature campaign and some small altcoin trading.

Do not worry about your losses folk. The good thing is you are still with bitcoin earnings and you could make differences in your life if you are giving up gambling at least now onward.

This situation is most commonly most of the gamblers are facing here. If we are going for gambling only with the amount we can have which will not affect our life by any means in the case of losing all of them. This must be little fact but too hard to realize and to apply when we are gambling.

Hide_ip112

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Quote from: equator on July 29, 2016, 10:00:35 AM

If i calculate that till now how much actual investment i lost , is nearly 1+ btc and if you calculate that with this investment i went till how much high and then went all lost then it will be crazy as it is nearly 6+ btc , so my main problem is i am not able to stop when i am on loosing streak. That is why i am today in heavy loss and living a normal life with earnings depended on signature campaign and some small altcoin trading.

Regrets that you would get if it cannot stop it all and if it can not control themselves. You should stop to gambling in quite some time. For I see that you already have a lot of debt that must be immediately you finish so that you can live a normal life before gambling. Indeed, gambling has a magnet, but you should be able to eliminate the magnet by means of eliminating all thoughts about gambling and hold themselves in order not to do, discussing or considering gambling

equator

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If i calculate that till now how much actual investment i lost , is nearly 1+ btc and if you calculate that with this investment i went till how much high and then went all lost then it will be crazy as it is nearly 6+ btc , so my main problem is i am not able to stop when i am on loosing streak. That is why i am today in heavy loss and living a normal life with earnings depended on signature campaign and some small altcoin trading.

teilwalL05

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Quote from: fireball4 on July 24, 2016, 08:05:48 AM

Quote from: iv4n on November 10, 2015, 03:54:35 PM

This is opposite from topic "How much can u win with gambling?". Well I`m on zero again, I`m looking how much I can win with gambling but actually I`m tryin to calculate how much can i lose. It`s always small amout`s but after many times this several small amount`s becoming one big one. There is some crazy stories on internet about people that have it all in one moment...
http://www.telegraph.co.uk/men/active/mens-health/10976770/Online-gambling-how-I-lost-my-wife-children-and-750000.html
And this guy started with almost nothing and made almost $500,000 gambling with Bitcoin, then he lost it all in about 60 seconds. https://www.reddit.com/r/IAmA/comments/1ch7wb/

So pretty simple question, how much can YOU lose with gambling?

that is weird question, i think that you can lose everything with gambling and of course you can win a lot from it, but if you don't have luck you can lose a lot

I think we can never calculate all our loses in gambling if we combine all our loses. And for me, it is more loses than winning that I received when in gambling. Well, that is really what gambling was. Cheesy

upsidedown75

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Quote from: adaseb on July 27, 2016, 07:59:18 PM

The smartest way to do that would be maybe like this.

When you win some money, bet a little more and when you lose some, bet a little less. This way if you are in a good winning streak, your profits can go up exponentially while also limiting loss.

Apparently, from the experience I have watched some gamblers, there are only a few gamblers who do that.
They are often blinded by "I may win next time" or "I'll get my money back!" and carelessly bet even if it goes beyond the amount that they can afford to lose.

Mastsetad

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Quote from: lionheart78 on July 28, 2016, 02:23:44 AM

I think the amount i can lose with gambling is around 0.02 BTC - 0.05 BTC each day. This is my bankroll budget. I will stop whenever this budget is depleted. So that is one way of controlling myself of loses whenever Im playing gambling games. So with these budget and playing 2x to 3x a week, my monthly budget would be around 0.15 BTC to 0.3BTC per month.

That is actually the only way to stay safe from losing everything in gambling to just limit your budget for a day and stop when you lose it all.
And if you really win 0.15 or 0.3btc in a month then that is great, but if you are talking about loses then that is not quite good to lose that much in a month.

lionheart78

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I think the amount i can lose with gambling is around 0.02 BTC - 0.05 BTC each day. This is my bankroll budget. I will stop whenever this budget is depleted. So that is one way of controlling myself of loses whenever Im playing gambling games. So with these budget and playing 2x to 3x a week, my monthly budget would be around 0.15 BTC to 0.3BTC per month.

prtty2gal2

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Quote from: adaseb on July 27, 2016, 07:59:18 PM

The smartest way to do that would be maybe like this.

When you win some money, bet a little more and when you lose some, bet a little less. This way if you are in a good winning streak, your profits can go up exponentially while also limiting loss.

Not a good idea to limit your losses. It is a dangerously modified version of martingale strategy because when you are keep on increasing your bet amount when you are having winnings streak, one losing bet might sweep out all of your profits. Constant bet amount is always a good idea to balance both winning and losing bets.

Erza

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Quote from: MaritiJames3 on July 26, 2016, 12:20:54 PM

With gambling, you can lose everything you invest.
The more money you are willing to invest, the more you can lose, i would therefore advice to make low bets.

How can you lose from what you invest? Moreover if you invest on some huge gambling site with a huge wagered because in the end house is always winning no matter what you do. But it will sure take time because this is very long investment if you place it on gambling site and it still is a good way to get some profit

adaseb

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The smartest way to do that would be maybe like this.

When you win some money, bet a little more and when you lose some, bet a little less. This way if you are in a good winning streak, your profits can go up exponentially while also limiting loss.

BitMaxz

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Playbet.io - Crypto Casino and Sportsbook

Quote from: SvenBomvolen on July 27, 2016, 06:20:12 PM

With gambling its easy to lose everything, even life in the end. Its hypothetical question, but someone can lose other people money also. Its more then someone have, probably there isn't limitations how much can someone lose.
I cant lose much, cause I don't gamble for high amounts. I don't gamble with high amounts cause I don't have it, simply. I will never borrow money for that, or do something bad to have money for casino. In my case I can lose around 10 $ per month maximum, but I win also, so basically I spin same money. I don't win much, don't lose much, just having fun in my free time.

Well we are not the same here we have difference how much were lose or win.. honestly i am losing and i think i lost almost 1 btc above but i am making profit of almost above 2 btc.. i lost a lot in dice game which is very hard to make a bankroll high..
Unlike in sports betting i can easily make more profit with this game..

SvenBomvolen

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With gambling its easy to lose everything, even life in the end. Its hypothetical question, but someone can lose other people money also. Its more then someone have, probably there isn't limitations how much can someone lose.
I cant lose much, cause I don't gamble for high amounts. I don't gamble with high amounts cause I don't have it, simply. I will never borrow money for that, or do something bad to have money for casino. In my case I can lose around 10 $ per month maximum, but I win also, so basically I spin same money. I don't win much, don't lose much, just having fun in my free time.

Dwetha

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It depends on how much money you have because if you decide to spend al your money on gambling there is a chance that you will lose everything.
If you have to know when to stop because it can wreck you.

Topic: How much can u lose with gambling? - page 26. (Read 28360 times)