how to get over it - page 5. | Bitcointalksearch.org

fullhdpixel

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Quote from: uneng on June 14, 2023, 06:03:50 PM

Quote from: NAPK1NS_RA3 on June 09, 2023, 02:34:18 AM

How do I get over the countless failures? I’ve been chasing the $1,000,000 dream for years.

Your goal is just too high. Maybe you are being megalomaniac. Since it's a game of probabilities, they are against you and it's really likely you are going to fail over and over again on your desperate attempt of turning few thousands of dollar into a million. If you don't want to lose money, just decrease your final goal, but if you still want to keep that goal intact, don't feel bad about losing money, because you have to keep in mind you are trying a hardcore challenge which comes with extreme risks.

He could have achieved his dream already if he could modify it a bit, maybe to complete it in two attempts of $500,000 each round, because if he manages to reach a certain amount and then losses it all in a single bet, that hurts even more than not being able to achieve the goal in my opinion. One should at least keep a portion of the winnings aside so that they can try their luck again and if they could do it again, they should do the same thing again.

What he does is he doesn't spare any of the winnings and spends it all on the next game, and then when the bet is lost, all that he managed to make so far goes away and he is back to zero. If I was him, I would probably do it systematically without being emotional.

Alisha-k

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I may not know the number of loses you may have incurred but one thing is sure, gambling had favoured you big time, the wins are huge.
Quick advice- it's best to stay guided, those amounts you risk are way too high and if you continue like that, you Y be forced to risk your entire savings someday.

Outhue

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Quote from: NAPK1NS_RA3 on June 09, 2023, 02:34:18 AM

I’ve turned $1,000 into $100,000
I’ve turned $6,000 into $80,000
I’ve turned $11,000 into $550,000
and recently I’ve turned $4,000 into $90,000

With nothing to show for it…I’m a sharp sports bettor, but I always end up going all in. I can never be satisfied until it’s too late. I always need to go all in.

I’ve been reading comments from my last post (turning $4,000 into $90,000 and losing the entire $90,000), and I can’t help but feel like shit.

How do I get over the countless failures? I’ve been chasing the $1,000,000 dream for years.

Not every $1,000,000 dream chasers will end up with such an amount and if you don't know when to stop things could go wrong for you, I've estimated all the money you have won in bets and that's close to 1million, I think you should stop risking this amount in gambling anymore.

If you can't stop, find someone you trust and give the money to them, you are simply becoming an addict already, make sure the money is far away from your reach, and only come back when you have beat the addiction of gambling.

What you already have is good enough to maintain a good life, I don't understand what else you want, millions of gamblers can't get this amount that you've won, assume yourself luck and leave gambling alone.

peter0425

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Quote from: NAPK1NS_RA3 on June 09, 2023, 02:34:18 AM

I’ve turned $1,000 into $100,000
I’ve turned $6,000 into $80,000
I’ve turned $11,000 into $550,000
and recently I’ve turned $4,000 into $90,000

With nothing to show for it…I’m a sharp sports bettor, but I always end up going all in. I can never be satisfied until it’s too late. I always need to go all in.

I’ve been reading comments from my last post (turning $4,000 into $90,000 and losing the entire $90,000), and I can’t help but feel like shit.

How do I get over the countless failures? I’ve been chasing the $1,000,000 dream for years.

Not sure what you are asking for because it is given that you completely understood what is needed but you denied acting.

You have won multiple times but your greediness and your unsatisfaction leads you to keep losing.

better to learn your behavior and knowledge first before dealing again.and try to be contented .

Pierre 2

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I think if someone is able to do 10x or 20x through gambling numerous times - he is definitely good one at it. Its best to focus on your own winnings when gambling. Checking loses regularly can worsen your psychology and mood. You may be more worried while measuring sports betting odds and your win rate would most certainly drop a lot. People would try and can't achieve those 50x like winning odds. We should always look on the bright side of life.

Don Pedro Dinero

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The OP's behaviour has all the appearance of being compulsive and problematic, I would have stood up much earlier and enjoyed the gains, but he can't stop, wanting more and more when he has already made considerable gains.

Quote from: uneng on June 14, 2023, 06:03:50 PM

Your goal is just too high. Maybe you are being megalomaniac. Since it's a game of probabilities, they are against you and it's really likely you are going to fail over and over again on your desperate attempt of turning few thousands of dollar into a million. If you don't want to lose money, just decrease your final goal, but if you still want to keep that goal intact, don't feel bad about losing money, because you have to keep in mind you are trying a hardcore challenge which comes with extreme risks.

I think this is the question. You set your goal too high for your starting bankroll. Either you should set a lower goal or you should start from a higher bankroll. But it seems to me that even so, the kind of personality he shows would lead him to keep betting even if he got the million.

wxa7115

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Quote from: uneng on June 14, 2023, 06:03:50 PM

Quote from: NAPK1NS_RA3 on June 09, 2023, 02:34:18 AM

How do I get over the countless failures? I’ve been chasing the $1,000,000 dream for years.

Your goal is just too high. Maybe you are being megalomaniac. Since it's a game of probabilities, they are against you and it's really likely you are going to fail over and over again on your desperate attempt of turning few thousands of dollar into a million. If you don't want to lose money, just decrease your final goal, but if you still want to keep that goal intact, don't feel bad about losing money, because you have to keep in mind you are trying a hardcore challenge which comes with extreme risks.

Another possibility is that it is possible to obtain the dream of the OP, but it is likely they will have to invest more than one million dollars in order to fulfill their goal.

And in that case they might as well give up, save their money and get to that goal anyway by simply accumulating their money over the years, not exactly the most exciting possibility out there, but it is one that is way more effective than trying to chase those profits while gambling.

uneng

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Quote from: NAPK1NS_RA3 on June 09, 2023, 02:34:18 AM

How do I get over the countless failures? I’ve been chasing the $1,000,000 dream for years.

Your goal is just too high. Maybe you are being megalomaniac. Since it's a game of probabilities, they are against you and it's really likely you are going to fail over and over again on your desperate attempt of turning few thousands of dollar into a million. If you don't want to lose money, just decrease your final goal, but if you still want to keep that goal intact, don't feel bad about losing money, because you have to keep in mind you are trying a hardcore challenge which comes with extreme risks.

Pulsar77

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Ambition is a good thing in gambling but it shouldn't turn into some kind of addiction. I don't know maybe you can see a psychologist to gather extra help about this. Because you need to have control of yourself while betting. It feels great to win big amounts in a short time. I had that feeling in the past but I knew where to stop myself from going all in just like you. Because I actually saw this as an adventure and put a target amount for myself to stop there if I reach it.

This formula really helped me truthfully. But of course your target should be as realistic as possible otherwise nothing would change about greed. Greed is really the biggest enemy of a bettor and one should know how to deal with it well.

macson

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Quote from: NAPK1NS_RA3 on June 09, 2023, 02:34:18 AM

I’ve turned $1,000 into $100,000
I’ve turned $6,000 into $80,000
I’ve turned $11,000 into $550,000
and recently I’ve turned $4,000 into $90,000

With nothing to show for it…I’m a sharp sports bettor, but I always end up going all in. I can never be satisfied until it’s too late. I always need to go all in.

I’ve been reading comments from my last post (turning $4,000 into $90,000 and losing the entire $90,000), and I can’t help but feel like shit.

How do I get over the countless failures? I’ve been chasing the $1,000,000 dream for years.

from your writing, it seems you are an ambitious gambler, that's not wrong as long as you can control and manage your finances but are you really targeting up to $ 1 million? Are you not going to withdraw profits even when you have managed to make a profit of close to $ 1 million?

someone's failure usually occurs because of ambition and greed, you will only be trapped from your expectations of getting $ 1 million, get over it, and be a gambler who enjoys each process after process to reach $ 1 million slowly not with one bet!!!

lizarder

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Quote from: NAPK1NS_RA3 on June 09, 2023, 02:34:18 AM

With nothing to show for it…I’m a sharp sports bettor, but I always end up going all in. I can never be satisfied until it’s too late. I always need to go all in.

I’ve been reading comments from my last post (turning $4,000 into $90,000 and losing the entire $90,000), and I can’t help but feel like shit.

And I'm sure you will lose it all in the end because you don't have a target to stop pursuing victory in gambling, even though previously you had won four times and there should have been a time to stop to continue. In general, gambling cases will end in the same way if you rely on capital like that to multiply profits and there is always no certainty about how many rounds we will spend and be able to maintain the win.

Having a small bankroll while targeting large profits is not right and it will be very impossible to get a big win according to the target you set. It's better to keep small wins and not lose your basic bankroll capital, so that every time you decide to gamble you have a balance in account.

Quote from: NAPK1NS_RA3 on June 09, 2023, 02:34:18 AM

How do I get over the countless failures? I’ve been chasing the $1,000,000 dream for years.

There is no way to chase the $1,000,000 dream if gambling using this pattern and your bankroll is the basis for why it is difficult. A winning streak will only happen a few times and when you decide to keep increasing bets then that's where you lose.

blockman

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How about you stop for a while and think for many times like have some relaxing moments and meditate? So that you will realize which part of your wins you have ignored and missed resulting in your failures. Even if failures are always there and part of becoming successful, you've got a lot of experience to say on what you must do.

Quote from: milewilda on June 14, 2023, 03:15:40 PM

Making those bets on having huge profits and asking on how to win despite of the losses and failures that he commits? It doesnt really make sense on why people do have such approach.

Sometimes we don't understand why they have that approach but it can be explained by them. Well, we may not understand why the approach of them is like that but I guess there's a very reason behind it.

milewilda

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Quote from: Fortify on June 13, 2023, 01:04:52 PM

Quote from: NAPK1NS_RA3 on June 09, 2023, 02:34:18 AM

I’ve turned $1,000 into $100,000
I’ve turned $6,000 into $80,000
I’ve turned $11,000 into $550,000
and recently I’ve turned $4,000 into $90,000

With nothing to show for it…I’m a sharp sports bettor, but I always end up going all in. I can never be satisfied until it’s too late. I always need to go all in.

I’ve been reading comments from my last post (turning $4,000 into $90,000 and losing the entire $90,000), and I can’t help but feel like shit.

How do I get over the countless failures? I’ve been chasing the $1,000,000 dream for years.

I don't believe any of the figures you've spouted but it's an interesting theoretical situation. First off I would recommend that you seek to vastly expand your knowledge on finances and how to diversify your assets. Going "all in" repeatedly is a recipe for disaster when there are only two outcomes: win or lose. Take some time to learn about the stock market. It is not gambling but has plenty of elements of risk in it and you get to learn about how different businesses function. Take a share of your earnings and buy stocks instead, they do not have such a binary outcome - it's possible to sell out on the way down or skim profits on the way up.

Really hard to believe with those numbers but we know that everyone could really spout out some words about something like this and like that but in overall it would really be hard to believe that if someone do make out money just like on this method or this way on gambling space then i wouldnt really bother on asking out some questions on how to hit up a million dollar win. You would definitely be having the idea on how to do that sicne you do already have that experience and idea on how to win things then you wouldn't really be bothering yourself on asking the community on why you've been betting on something like this or the behavior.
This is why its not that ideal on believing into something which arent really that realistic to be hearing off. No winner or gambler whose on the winning side would really be making out some questions.
Making those bets on having huge profits and asking on how to win despite of the losses and failures that he commits? It doesnt really make sense on why people do have such approach.

BitcoinTurk

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Quote

How do I get over the countless failures?

To comment on the situation that you are constantly losing money in gambling, I think it is only because of greed. Assuming that the amounts you specified are correct I think you should set goals for yourself and set some rules for yourself in order to achieve these goals. For example, let's say you gamble with a budget of 1,000 units and have a goal of winning 25,000 units. In line with these goals you need to set the maximum bet amount for each game and when you reach the target of 25,000 units you should not risk to win more. So, considering everything you mentioned I understand that the main reason you lost was actually your desire to win more and that you didn't set any rules for yourself.

Jody.Drummer

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Quote from: kamvreto on June 13, 2023, 12:56:30 PM

Quote from: Jody.Drummer on June 13, 2023, 12:19:26 PM

Quote from: Apocollapse on June 13, 2023, 10:35:19 AM

Set a limit and never go all in, as simple as that.

I don't know how much your bankroll for each month, but let's assume you can afford to lose $1,000 per month. So it's mean $250 per week, football match usually happen every week. Keep in mind when you want to place your bet, the maximum amount you can gamble is $250 per week, even though you win in the first week, it doesn't mean you should use your winnings to gamble on the next week. The winnings you make is a bonus for you.

So I agree with what you said, if we don't have a limit to bet, no matter how much money we have, we will lose in one bet. You are saying something very true here by describing when we are prepared to lose a certain amount of money in one month, and that is indeed very good money management. Like what you said, maybe we can win in the first week, but there is no guarantee that the same thing will happen in the second week and the following weeks. If we spend our money in one bet, then that is the beginning of ruin in my opinion. It's better to allocate as little as possible even though maybe if you win it won't be as big as when we allocate it to the maximum.

Not all gamblers will allocate funds like that. Those who just walk in with all their money and risk some, end up risking it all because on the first bet they lost and lost, eventually left with no money. Correct money management will help gamblers not lose all their money. Hoping to win, but instead get a loss.
The allocation for gambling may be only a little and being able to lose this allocation, it would be better.

No one is saying that all gamblers can do something like that, but not a few gamblers can manage their finances well. If they lose in one bet with the maximum nominal they can lose in a month, then if they want to return to betting with the same nominal, they will experience 2x the loss and that is definitely not something good for a gambler.
I'm sure those who gamble with common sense have considered the risk of losing, but that doesn't mean they have to make decisions that will make them lose a lot of money in one bet. Yes, even though in the end, whatever money we put at stake, it has the same risk.

Quote from: NicNacCoin on June 13, 2023, 07:59:25 PM

OP, what you describe sounds like a complete miracle to me. If your description is true why don't you stop whenever you turn $11,000 into $55,0000. I think you are so greedy that you can lose all your money because of greed. Did you know that gambling platforms are purely luck based platforms. From here you can lose your money anytime. Here you have already lost the $90k you earned from the $4000 you mentioned. You will fall into a bigger failure than you cannot overcome your countless failures. So be content with the money you still have and don't chase your big ($1000000) dreams.

Yes there are no words that can be expressed other than the greed that the OP did. If I were in his position, then I would think about stopping for a moment and enjoying the results of my victory. To me, what the OP won was a huge amount, in fact I was thinking, when am I going to win a gamble with that kind of money.
Greed will bring disaster in any case, especially this is a gamble that we know what it's like if we can't suppress our greed.

wxa7115

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Quote from: NAPK1NS_RA3 on June 09, 2023, 02:34:18 AM

I’ve turned $1,000 into $100,000
I’ve turned $6,000 into $80,000
I’ve turned $11,000 into $550,000
and recently I’ve turned $4,000 into $90,000

With nothing to show for it…I’m a sharp sports bettor, but I always end up going all in. I can never be satisfied until it’s too late. I always need to go all in.

I’ve been reading comments from my last post (turning $4,000 into $90,000 and losing the entire $90,000), and I can’t help but feel like shit.

How do I get over the countless failures? I’ve been chasing the $1,000,000 dream for years.

This is difficult to answer as you do not tell us how much time it took you to accumulate those profits or the number of bets which took you to reach those impressive numbers.

At least to me it seems you are not afraid to take risks and make some really bold bets, however while this can help you to accumulate profits quickly, at the same time this does not help you at all when it comes to retain those profits, a good idea could be that once you reach some important profits you change gears and reduce significantly the size of your bets, now this goes against your natural instincts as a gambler so it will be hard to do at first, but if you want to eventually enjoy those profits and use them to buy something you may want then you have no other option but to change your behavior.

NicNacCoin

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Quote from: NAPK1NS_RA3 on June 09, 2023, 02:34:18 AM

I’ve turned $1,000 into $100,000
I’ve turned $6,000 into $80,000
I’ve turned $11,000 into $550,000
and recently I’ve turned $4,000 into $90,000

With nothing to show for it…I’m a sharp sports bettor, but I always end up going all in. I can never be satisfied until it’s too late. I always need to go all in.

I’ve been reading comments from my last post (turning $4,000 into $90,000 and losing the entire $90,000), and I can’t help but feel like shit.

How do I get over the countless failures? I’ve been chasing the $1,000,000 dream for years.

OP, what you describe sounds like a complete miracle to me. If your description is true why don't you stop whenever you turn $11,000 into $55,0000. I think you are so greedy that you can lose all your money because of greed. Did you know that gambling platforms are purely luck based platforms. From here you can lose your money anytime. Here you have already lost the $90k you earned from the $4000 you mentioned. You will fall into a bigger failure than you cannot overcome your countless failures. So be content with the money you still have and don't chase your big ($1000000) dreams.

rahmad2nd

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Quote from: inthelongrun on June 11, 2023, 08:06:12 AM

You gotta gamble moderately mate. Gambling might give you the chance to earn but you should never consider it as your way of achieving financial freedom. We are supposed to consider gambling as a form of entertainment. This way, we do not have high expectations on our bets. And the most important is to bet only amounts that we can afford to lose which means any amount that we don't regret if we end up losing.

And about your goal of achieving $1 million. Why not start a business of your own? Or invest in cryptocurrencies with long-term goals?

Ideal as you say. even overall, i agree with you. in particular, why doesn't the OP just invest in Bitcoin. but what is certain, someone has their own preferences and they have the right to do what they want to do, including what the OP did.

And if i refer to this thread i try to imagine. what gambles does OP make, how can he be consistent with the results he gets. for me, this is the interesting part. because referring to what the OP said, at least he has been pursuing for years. can we do the same with him, consistently for a few years. I'm sure the answer is no. because, we only gamble for fun and not for a $1 juta target. so the point here is, the OP really wants to get what he's aiming for and that's his right. unfortunately, in the end he lost it all in one gamble. unlike us, we only do gambling as a fun part of entertainment. plus, add to the appeal of adrenaline while watching the game.

Fortify

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Quote from: NAPK1NS_RA3 on June 09, 2023, 02:34:18 AM

I’ve turned $1,000 into $100,000
I’ve turned $6,000 into $80,000
I’ve turned $11,000 into $550,000
and recently I’ve turned $4,000 into $90,000

With nothing to show for it…I’m a sharp sports bettor, but I always end up going all in. I can never be satisfied until it’s too late. I always need to go all in.

I’ve been reading comments from my last post (turning $4,000 into $90,000 and losing the entire $90,000), and I can’t help but feel like shit.

How do I get over the countless failures? I’ve been chasing the $1,000,000 dream for years.

I don't believe any of the figures you've spouted but it's an interesting theoretical situation. First off I would recommend that you seek to vastly expand your knowledge on finances and how to diversify your assets. Going "all in" repeatedly is a recipe for disaster when there are only two outcomes: win or lose. Take some time to learn about the stock market. It is not gambling but has plenty of elements of risk in it and you get to learn about how different businesses function. Take a share of your earnings and buy stocks instead, they do not have such a binary outcome - it's possible to sell out on the way down or skim profits on the way up.

kamvreto

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Quote from: Jody.Drummer on June 13, 2023, 12:19:26 PM

Quote from: Apocollapse on June 13, 2023, 10:35:19 AM

Set a limit and never go all in, as simple as that.

I don't know how much your bankroll for each month, but let's assume you can afford to lose $1,000 per month. So it's mean $250 per week, football match usually happen every week. Keep in mind when you want to place your bet, the maximum amount you can gamble is $250 per week, even though you win in the first week, it doesn't mean you should use your winnings to gamble on the next week. The winnings you make is a bonus for you.

So I agree with what you said, if we don't have a limit to bet, no matter how much money we have, we will lose in one bet. You are saying something very true here by describing when we are prepared to lose a certain amount of money in one month, and that is indeed very good money management. Like what you said, maybe we can win in the first week, but there is no guarantee that the same thing will happen in the second week and the following weeks. If we spend our money in one bet, then that is the beginning of ruin in my opinion. It's better to allocate as little as possible even though maybe if you win it won't be as big as when we allocate it to the maximum.

Not all gamblers will allocate funds like that. Those who just walk in with all their money and risk some, end up risking it all because on the first bet they lost and lost, eventually left with no money. Correct money management will help gamblers not lose all their money. Hoping to win, but instead get a loss.
The allocation for gambling may be only a little and being able to lose this allocation, it would be better.

Topic: how to get over it - page 5. (Read 1118 times)