Topic: how to get over it - page 6. (Read 1177 times)

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.

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.

Previously you have succeeded in turning small amounts of money into larger amounts, why should you be confused about the situation you are facing now. The more you progress, the more confused you are with the situation you will face, I mean you will get a win if you are lucky and you will lose if you are unlucky, one of these two sides always approaches you when you are gambling. Greed becomes the one thing that has made you lose control, the dream of getting $ 1,000,000 is like you want to touch the sky with your hands, you can see the sky but can't reach it.

I am not sure if it's easy for him to do that. All I can see right now is pure disappointment throughout his face. It's going to hard to move on for that kind of losses. Imagine, you are close to that dream but still lose it. We all experience a loss but it's only smaller than his, yet, we are having a hard time to sleep at night so imagine him? Maybe he is thinking about ending his life now but of course that was wrong. I hope he won't do it. There are known suicide hotlines that he can contact to talk about his problem if this forum is not enough.

If he manage to earn that kind of amount before. I'm sure he can still do it but like you said, he will only need to control himself this time and manage his winnings or next move properly.

Control your greed and you will succeed. You are able to analyze the right team and this is a good skill. The problem with you is that you want to make it fast, this happens because you are unable to control your greed. You can reach your target of $1,000,000 in a systematic way by that I mean you need to break your goal into multiple parts. If you go in all in one go the probability of losing everything is pretty high.

forget about the dream of having $1 Million at the moment and get yourself into a rehabilitation facility because it clearly looks like that you have a gambling problem. you, saying that you kept going all in, shows that you are greedy, impatient and aggressive. you need to fix your mindset and try another approach, it may be gambling again but you need to have full control of yourself so you won't experience unnecessary losses.

So after getting that big win, he can use the same budget as before to get even bigger wins. And if he loses, his loss is just the amount of the budget he has prepared, and it won't hurt too much because he still keeps most of his winnings. He could use some of the winning money to try his luck again.

And yes, he needs to manage his finances by not using all his money plus his winnings to gamble in the hope of doubling his money because it's not easy. He can achieve his desired target and enjoy the process by learning all that is required.

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?

I agree, the movie wild card is about gambling and talks about all kinds of experiences here. It is important to take some time to learn the basics before risking money Once you have a good understanding of how things work, you can start placing bets with confidence. Before playing any casino game or placing a bet, you should always set aside a certain amount of money that you are comfortable losing.

You are surely lucky making 100,000$ from 1000$ I mean that's 100x already and you still didn't take a profit from that? All you need this discipline and set your goal here since you already winning set your goal to a certain amount which is possible and not difficult to achieve like probably 2x. Getting 100k you could easily take a profit on 50k$ and gamble the rest at that. You get greedy since you wanted 1million$ thinking that you could win but most of the time that is what businesses wanted so your gonna get hooked and start to bet all of your money. Betting a huge amount at once was not a bad idea but if you make it every time there will surely be a time that you going to get lost and all of your winnings are useless.

I mean that just greed you already win but you let your emotions on it, just gambling responsively was supposed to be fun and entertainment but it might turn into a bigger problem losing a big amount of problem.

when I saw your post where you said that you turned $4000 into $90,000 I immediately said that you were probably at the beginning of becoming a gambling addict, I remember that while I was writing my post I was very worried about you, but now that I'm seeing your post again where you talk about another absurd goal of yours, I'm convinced that your problem could be much more serious than I imagined, you're really making the biggest mistake of all, which is setting a goal of high profits that you want to obtain with gambling and you are completely ignoring the real fact that gambling is not a source of steady income

you are ignoring something real that gambling is not to set a high profit target, when you continue on this path you will lose everything you have in the real world, because today you will put 90,000$ and you will lose everything, tomorrow you will put 200,000$ thinking in order to get 400,000$ and you will lose everything, after a few days you will put 300,000$ in the hope that you will get 600,000$ but again you will lose everything, there will come a time when you will no longer have money to play with, so you will start selling everything what you have and you will lose it, then you will start borrowing money and you will also lose everything, and finally you will start stealing and you will be arrested and at that time they will realize that you have become addicted to gambling

get out of it while it's still early, I don't play with those kinds of goals, look at games only as fun, because with that you won't lose much and you'll just play in your leisure time, don't destroy yourself, addiction is something very difficult to cure and it creates a lot of pain for the whole family

If what you say is true, I think you have quite deep insight and experience in terms of betting. in particular, I once commented on your thread about betting all in $90,000. if I'm not mistaken, you bet on Over in the French league 2. if I'm wrong, please forgive me.  First of all, I can't figure out what you plan to do in your betting. from $1000 to $100,000 it is a high amount if I convert in our local currency.

To be honest, I don't have the guts to bet like you do. because, the amount is so big that I can even finance all our needs including for our children's future education. I love betting, especially football. however my bankroll is very limited compared to what you do. if I were you, I would play it safer if the multiples of money at stake have exceeded 100x.
and if I were to imagine in your position, losing the whole stake in one single bet. seems to be a little disturbing my sanity. luckily, i was a little gambler. so, when I lose I won't be burdened with the bet I made.

I remember he had a topic where he boasted about the wagering amount - it seems there were millions of dollars. On the other hand, he had some incomprehensible topics about "guaranteed" fixed games and about bets on such games with borrowed funds. It's hard to judge what's true in his stories and what's not, but it looks like he's at least occasionally a highroller.

Yeah, in as much as I also agree that greed is the reason op goes all in in a bet with so much amount of money, let's not completely rule out the major root of the whole problem, and that is for the fact that op is a chronic addict and needs real help, he clearly said it in the op that  he is usually not satisfied until its too late, that is until he has gone all In and lost it all, he is usually not satisfied, I have someone whom I can relate this type of gambling addiction to, he told me in clear terms that he is never satisfied until he as gambled all the money in his pocket away..

If you guys ask me, I would say that, this is not a matter of being greedy, but a matter of addiction, op needs to find a way to come out from his addiction, then and only then he learn to control his greed and every other gambling related emotions.

I'm glad I'm not the only one who felt op was greedy  because I see no reason why one should go all in a bet with such amount of money and except from the fact that casinos get excited from our  losses, I think there should be some form of staking  limit and not sitting  and watch a player gamble away 90k in a single bet.

Op you really need to work on your emotions and learn how not chase losses because I understand  that as humans, there are some uncontrollable situations  in our lives but the ability  to control  those times makes us masters in such times.
I'm sorry you had to lose such amount of money while trying to achieve your goal bjt you have  to be less greedy.

You're wrong mate, Mr. Magkaisa isn't talking about gambling at casino, he's talking about gambling at sport bets. Unlike casino games, where you can hardly overcome the house edge, at sports bets, you can do it if you are a very good bettor. Because it's almost impossible to guess the outcome at Roulette, but it's not totally impossible for a match. And if for outcomes @2.00 odds for example you're able to guess the right result 60% of the times, you will make profits because 0.60 x 2.00 > 1

I'm sure that you already know the solution but you're just blinded by the possibilities that you could still win big amount of profit again. The only thing that you can do is to chance your mindset and stop chasing your losses. Always keep in mind that you can't always win against the power house and despite winning huge amount, you shouldn't disregard that losing will always be a part of the game.
Discipline yourself and know how to control your emotions. In your case, your emotion is the one that is controlling you in your decision making and that's something that you should be aware of. Put limitations and set enough amount of capital and stop or rest when necessary. You have lost huge amount already and I guess, it's time for you to be wise in managing your finances in gambling. Move on and stop getting too emotional when remembering your losses because that's a part of the risk that you are taking in gambling. If you are having lose streaks, then stop for a while and think of a better strategies that you can apply the next time you gamble again.

Losing the gold that you've gathered on the way to searching for the diamond is obviously not a wise thing to do. Chasing your dreams is not a bad thing and everyone should do that with dedication and effort that they can put in, but one should also use their mind for that because we all know that those who work hard get success but those who work smart get the work done more quickly and easily.

You could continue searching for your dream by accumulating the money that you managed to make with all the bets and amounts that you've made in the past, it would make both your life and chasing your dream way easier than you can think. You could have more money to make more bets and reach closer and closer to your target and eventually achieve it one day.

No, don't generalize them. There might be people out there who are already happy and contented with that they currently have and they know that wanting to have more is not a good idea as it can only lead for more losses instead which will hunt them after some time or even for the eternity.

I feel that OP is a rich man and that money might seem to be normal for him because why will he look for more? Although he said that he has a goal and that is to reach 1m dollars. This is too far and doing a couple of all-ins will only make him bust. It would be better if he can think of other less risky strategies. Maybe he should save each money he won from one session. That should make his goal easier to reach.

OP always seems to go big! I mean, he bets with a lot of money but it appears that he's making a good profit since he believes he's a professional and skilled in sports betting. I don't have much to say about it, but as long as he's making more money than he loses, it's fine as long as he doesn't go all-in. However, it seems that he does that sometimes, which is highly risky. If he loses all his money, he'll be left with nothing. Honestly, very few people would take such a risk like him unless they're foolish or have a gambling addiction.

I don't think OP is like you. He probably only shows his successful bets but doesn't reveal his losses. It's possible that he has lost much more money than he has actually won. that's just my opinion.