Huge win that turn into loss scenario

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Quote from: bettercrypto on September 09, 2024, 05:14:27 AM

Quote from: Oshosondy on July 11, 2024, 09:38:03 AM

Even if I have small win, I withdraw it immediately. I do not let the money to stay in my gambling account.

But if I do not withdraw it and leave it on my gambling account and later I gamble and lose it. There is nothing there because it is just a small amount of money. But if I win huge amount, I do not think twice before I withdraw and I will call the day a luck day for me.

If I win and I do not withdraw, then what is the point of me gambling? I do not gamble for money but if I win I will withdraw almost all the money.

We're the same; if I win $30,, I immediately take out $50, and I'm okay with that amount. Then what I'll do is I'll come back another time when I have extra money again; that's all I'm saying. It's important that the money I gamble is limited.

I don't want to be like others who won a large amount of money but ended up being a character in the end because their greed existed so they didn't lose in the end.

That's one key to making a disciplined gambler. Gamble limited money only. That way you won't be urged to keep on betting when nothing is left in your wallet and it will probably let you stop for a minute to think things through.
I do the same and I only deposit near the minimum amount. I don't have to be arrogant and tell myself that I have the money so why not deposit more, that's a recipe for chaos.
I like it that way because I have resting time once the money that I deposited is gone. Plus, I don't really bet too much and I am always targeting the wagering amount so that I could create a higher bonus amount when the time for bonus comes either weekly or monthly.

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Quote from: Kelward on September 09, 2024, 02:13:31 AM

Quote from: mindrust on July 11, 2024, 09:53:12 AM

That’s the trick. When you are addicted to gambling, you’ll lose eventually because even if you win lots of money, you will always come back to win more but then you’ll lose what you won earlier and then some more. It is because the games are designed that way. Mathematically you are bound to lose in the long run. That’s how the casinos survive. That’s why casinos rarely go bankrupt unless someone cheats or an insider steals from the owner. The house has the biggest advantage over the players. They have the math on their side.

Any gambler that understands that casinos have unfair advantages over them they will learn how to gamble responsibly. As a regular gambler if you calculate your wins and loses over a long period of time you'll realize that loses are always greater than wins. Meaning that the chances of losing your money is greater than wins therefore you must have an exit plan when you win to atleast enjoy it. It's very rare to hear of someone that wins and uses it to continue gambling without losing the money so it's very important to take wins. I personally have a budget for gambling and I only gamble with the amount, whether I win or lose I'll exit when I've exhausted the budget.

Unfortunately, it’s not easy to be a responsible gambler when you are greedy to make more money. Because even if you know that you should leave the casino immediately once you have made a huge win, but your greed tells you to gamble more so that you’ll end up making a lot more money. That’s exactly the reason why most gamblers end up losing their profits and leave the casino with empty pockets, simply because their goal to make more money is always greater than just gambling simply for entertainment.

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Quote from: Oshosondy on July 11, 2024, 09:38:03 AM

Even if I have small win, I withdraw it immediately. I do not let the money to stay in my gambling account.

But if I do not withdraw it and leave it on my gambling account and later I gamble and lose it. There is nothing there because it is just a small amount of money. But if I win huge amount, I do not think twice before I withdraw and I will call the day a luck day for me.

If I win and I do not withdraw, then what is the point of me gambling? I do not gamble for money but if I win I will withdraw almost all the money.

We're the same; if I win $30,, I immediately take out $50, and I'm okay with that amount. Then what I'll do is I'll come back another time when I have extra money again; that's all I'm saying. It's important that the money I gamble is limited.

I don't want to be like others who won a large amount of money but ended up being a character in the end because their greed existed so they didn't lose in the end.

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Quote from: Viscore on September 09, 2024, 04:10:28 AM

Quote from: Kelward on September 09, 2024, 02:13:31 AM

Quote from: mindrust on July 11, 2024, 09:53:12 AM

That’s the trick. When you are addicted to gambling, you’ll lose eventually because even if you win lots of money, you will always come back to win more but then you’ll lose what you won earlier and then some more. It is because the games are designed that way. Mathematically you are bound to lose in the long run. That’s how the casinos survive. That’s why casinos rarely go bankrupt unless someone cheats or an insider steals from the owner. The house has the biggest advantage over the players. They have the math on their side.

Any gambler that understands that casinos have unfair advantages over them they will learn how to gamble responsibly. As a regular gambler if you calculate your wins and loses over a long period of time you'll realize that loses are always greater than wins. Meaning that the chances of losing your money is greater than wins therefore you must have an exit plan when you win to atleast enjoy it. It's very rare to hear of someone that wins and uses it to continue gambling without losing the money so it's very important to take wins. I personally have a budget for gambling and I only gamble with the amount, whether I win or lose I'll exit when I've exhausted the budget.

You've already considered that if you compute your long-term performance, you won't end up being profitable. That's why we call gambling entertainment, especially for games based on luck. It's a way to remind ourselves not to chase it as a method of making money since it usually leads to losses. This goes beyond just gambling what we can afford. If we lose, we should move on and forget, but if we win, we enjoy the moment to feel the excitement of winning because eventually, we'll come back to play again, and next time we might lose. No gambler wins all the time or even most of the time. In the bigger picture, we're usually on the losing side, so it's important to understand that before it's too late.

Gamblers are often more motivated and come back to gambling because of the feeling of winning. Over time, blaming luck and the tendency to lose can lead to over-emotional functioning and a return to gambling from that feeling. Any trend that works to get back into gambling must be for entertainment because gambling to make money is very harmful for everyone who has to face problems at every stage. Luck must be considered as the main catalyst for winning because many experienced people also lose and for them no systematic change can make any difference in gambling.

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It's actually an act of control, usually when I make a target for the day in my gambling activities, and it's huge I just take my profits and exit the casino immediately. That because I might be tempted to want to play again and eventually might loss it. Not all days are good and not bad either. You might just be lucky enough to hit a steady wins, and that idea of today may be the lucky day would just push in your head. Immediately you see yourself playing unlike you planned. For me I just take my profits and let go of the rest.. I can leave a little just incase I wish to play another time so I don't have to deposit. But I make sure I move most of the profits out.

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Quote from: Wapfika on July 11, 2024, 09:33:50 AM

I’m many can relate to this situation since most of us becomes extremely greedy whenever we already have huge profit then slowly you are losing it due to bad lose streak.

This happened to many times when I already have huge profit such as x2 to x5 of my bankroll. I usually hangout out for more gambling but place only small bet on slot games. This small bet turns into increasing bet when losing badly u til I already buying bonus that keep losing too until I bust all my bankroll.

Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and convert to fiat via exchange P2P to avoid gambling again for more win.

Is quite funny as this behavior of Lossing it all or almost all of what we have won Is a general situation that every gambler is facing, striving so hard to over come this can be very good, the truth is that winning comes with lots of excitement which at some point leads to over confident of even betting more and we end up losing in most cases, some time ago I was betting in sports betting vitual Play to be precise, I won for over five times in a straight there after I used to the whole money I won and bet a time and that was how I lost all that money I tat have won, immediately I stop for that day and I went home, it was a learn to me I will never make such mistakes a gain.

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Quote from: Wapfika on July 11, 2024, 09:33:50 AM

I’m many can relate to this situation since most of us becomes extremely greedy whenever we already have huge profit then slowly you are losing it due to bad lose streak.

This happened to many times when I already have huge profit such as x2 to x5 of my bankroll. I usually hangout out for more gambling but place only small bet on slot games. This small bet turns into increasing bet when losing badly u til I already buying bonus that keep losing too until I bust all my bankroll.

Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and convert to fiat via exchange P2P to avoid gambling again for more win.

I have mentioned many times that there is a very fine line in gambling, starting from wagering and ending with the fact that we simply have nothing to do and want to occupy our time with something. Many players do not feel it and are too self-confident, although one should be more doubtful and always expect that a losing streak may occur. In addition, if we manage to win as well as you x2 or x5 from our deposit, then the chances of winning even more become much smaller, because a streak of victories is a very rare event, and personally, life and the game have taught me to take a little, it is better than to be left with nothing at all. Of course, others will laugh and will not want to take less than x10, but then they should be prepared for the fact that for them this will be a very rare event and may not even happen at all, they simply increase the risk.

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There are many gamblers that always does this. They don't secure profits when they have started with small amounts from their bankroll and whenever they've turned it into something that's quite big, they won't still withdraw their profits to enjoy it. That's the mistake that many gamblers repetitively does. They will only recognize the mistake when they have gone everything and it happened for so many times. As for myself, whenever I take profits, I'm always happy about it whether it's small or quite big, what matters is I am able to enjoy the profits that I am having.

These huge wins need not to be ignored but to apply your decision making on how much you should take and how much you're going to keep. Because if keeping it within your casino account for quite a while, you are definitely aware that you're not going to take it back anymore and you're about to lose it. That's why it's going to be a problem if you don't even know how to take your profit and to satisfy yourself.

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Quote from: Kelward on September 09, 2024, 02:13:31 AM

Quote from: mindrust on July 11, 2024, 09:53:12 AM

That’s the trick. When you are addicted to gambling, you’ll lose eventually because even if you win lots of money, you will always come back to win more but then you’ll lose what you won earlier and then some more. It is because the games are designed that way. Mathematically you are bound to lose in the long run. That’s how the casinos survive. That’s why casinos rarely go bankrupt unless someone cheats or an insider steals from the owner. The house has the biggest advantage over the players. They have the math on their side.

Any gambler that understands that casinos have unfair advantages over them they will learn how to gamble responsibly. As a regular gambler if you calculate your wins and loses over a long period of time you'll realize that loses are always greater than wins. Meaning that the chances of losing your money is greater than wins therefore you must have an exit plan when you win to atleast enjoy it. It's very rare to hear of someone that wins and uses it to continue gambling without losing the money so it's very important to take wins. I personally have a budget for gambling and I only gamble with the amount, whether I win or lose I'll exit when I've exhausted the budget.

You've already considered that if you compute your long-term performance, you won't end up being profitable. That's why we call gambling entertainment, especially for games based on luck. It's a way to remind ourselves not to chase it as a method of making money since it usually leads to losses. This goes beyond just gambling what we can afford. If we lose, we should move on and forget, but if we win, we enjoy the moment to feel the excitement of winning because eventually, we'll come back to play again, and next time we might lose. No gambler wins all the time or even most of the time. In the bigger picture, we're usually on the losing side, so it's important to understand that before it's too late.

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Quote from: mindrust on July 11, 2024, 09:53:12 AM

That’s the trick. When you are addicted to gambling, you’ll lose eventually because even if you win lots of money, you will always come back to win more but then you’ll lose what you won earlier and then some more. It is because the games are designed that way. Mathematically you are bound to lose in the long run. That’s how the casinos survive. That’s why casinos rarely go bankrupt unless someone cheats or an insider steals from the owner. The house has the biggest advantage over the players. They have the math on their side.

Any gambler that understands that casinos have unfair advantages over them they will learn how to gamble responsibly. As a regular gambler if you calculate your wins and loses over a long period of time you'll realize that loses are always greater than wins. Meaning that the chances of losing your money is greater than wins therefore you must have an exit plan when you win to atleast enjoy it. It's very rare to hear of someone that wins and uses it to continue gambling without losing the money so it's very important to take wins. I personally have a budget for gambling and I only gamble with the amount, whether I win or lose I'll exit when I've exhausted the budget.

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Quote from: LUCKMCFLY on July 31, 2024, 07:38:37 PM

Quote from: Natalim on July 26, 2024, 11:39:10 AM

The best solution for me is to secure and withdraw the profits every time you win. No need to set a target on the amount of withdrawal, but as long as you make some gains, that's for you to keep and withdraw it so you can't gamble more, and leave some small funds that will serve as your capital the next time you decide to gamble.

For me that is the only thing that matters to me when playing, there is no other way, I personally respect a lot the decisions of other people when they are in a situation, they will see if they play and win leaving the money there, but for me it is important that it can be withdrawn because it is the way to bear our money, our effort, also from my own experience of sometimes leaving the money in the casino without withdrawing, well I have lost it all, because it is a temptation, let's say that we have money and we start to play and little by little we spend it all.

Leaving funds in the casino balance has an influential way of dragging me back to a non stop spinning. Not to say, I don't consider it a rough or careless option, as it helps to ease players the stress of having to send crypto to their casino again. The needful precautions is for the player to drain away the habitual thoughts of continuous gambling, when they have some funds left on the gambling space.

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No matter how much money do you have in your gambling account, the real money is how much fund you have done withdrawal from casinos because you may have large amount but there's no guarantee that you will be able to withdraw it later or lose everything. So its wise to withdraw after winning. Although for me, i don't withdraw after winning any single amount cause later i will have to deposit again after losing lol. But I don't hesitate to withdraw instantly if the winning amount is big enough. Otherwise you'll be in trouble managing these fund during staking cause when we have bigger amount, our kind commonly drive us to make big stake on games lol. So yeah OP, what you are taking, is wise decision IMHO...

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Quote from: Natalim on July 26, 2024, 11:39:10 AM

The best solution for me is to secure and withdraw the profits every time you win. No need to set a target on the amount of withdrawal, but as long as you make some gains, that's for you to keep and withdraw it so you can't gamble more, and leave some small funds that will serve as your capital the next time you decide to gamble.

For me that is the only thing that matters to me when playing, there is no other way, I personally respect a lot the decisions of other people when they are in a situation, they will see if they play and win leaving the money there, but for me it is important that it can be withdrawn because it is the way to bear our money, our effort, also from my own experience of sometimes leaving the money in the casino without withdrawing, well I have lost it all, because it is a temptation, let's say that we have money and we start to play and little by little we spend it all.

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Quote from: Wapfika on July 11, 2024, 09:33:50 AM

Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and convert to fiat via exchange P2P to avoid gambling again for more win.

I think withdrawal is the best option in this case as well. Most of gamblers fall into greediness because of the sweetness of winning and the longer we keep risking the harder we get satisfied, we may think that we can win more but losses are inevitable in gambling and it is a general fact. So the best way to avoid that is withdrawing your wins before losing them in stupid impulsive bets, then living in that circle or depositing and losing everything.

In my opinion, in order to gamble right you need to learn how to manage your money as well as managing your own actions and controlling your feelings and desires. Knowing that gambling might cause you to be broke will forbid you to do impulsive actions.

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Quote from: Jaycoinz on July 25, 2024, 04:26:25 PM

I've been in this situation countless times, you can be on a winning streak for days and one day you can lose everything within the twinkle of an eye.. one common mistake that gamblers make after making a lot of Profit is chasing their losses especially when they lost just an insignificant amount of money, chasing that little amount can make you lose everything you Ve won .. always withdraw your profit and try as much as possible not to engage in revenge betting..learn to know when to stop, discipline is very important.

Gambling is just understanding, the lack of understanding in gambling can just make one to lose very easily. Just like some gamblers that have won instead of them to go with what they have won they keep on playing believing that they will still be lucky to win more games and maybe a little lose occur in stead of going with what is left they will be carried away to chase the lose and finally lose everything.

The best way to always win in gambling is to be satisfied with what what you win, trying get more can lead to lose and be left with nothing. Greed has always been the reason why gamblers lose their bet by trying to recover what they have lose .

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Quote from: vs2014 on July 26, 2024, 02:49:22 PM

Greed is the main reason behind the feeling of winning in gambling because when you win from gambling, you will bet again because of greed. There are very few people who do not bet again after winning gambling. Last week i was in profit of 2% of the total capital when i made the original withdrawal. But when i bet again with the profit money i lost. I was very well planned so didn't lose much that day. There are many people who lose twice as much when taking a loss. Also there may be low luck games where you can win repeatedly.

Greed is unavoidable for some people, but that isn't the case for everyone. I know that as a human, we all have that feeling in us. It comes out in certain situations, mostly in gambling, and when that happens, some of us manage to control the feeling and don't do what the feeling wants to make us do. Still, some of us aren't able to do that and they give up in front of this feeling and they end up being on the negative side.

It's important for people to learn from their mistakes and don't repeat the same mistakes, but in gambling, most people don't do that. They become greedy, lose once, and think they won't do it again, but they do it again after a few days when become greedy.

So it's very important for us to be able to control our feelings and emotions and don't let them override the emotions that are important for us to stay on the positive side.

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Quote from: Wapfika on July 11, 2024, 09:33:50 AM

[...] This happened to many times when I already have huge profit such as x2 to x5 of my bankroll. I usually hangout out for more gambling but place only small bet on slot games. This small bet turns into increasing bet when losing badly u til I already buying bonus that keep losing too until I bust all my bankroll. [...]

That's the need for basic knowledge about gambling & casinos, have you ever heard "the house never loses" or "the house always wins"?

No matter how much we win our bets, or how much we have multiplied our bankroll, we will definitely come back again. So, don't use betting as a way to make a living, especially if you deposit money that you are not willing to lose. I usually implement the habit of stopping after x2 of bets (live casino or slots), when it comes to sports betting i usually only bet on important matches.

vs2014

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Greed is the main reason behind the feeling of winning in gambling because when you win from gambling, you will bet again because of greed. There are very few people who do not bet again after winning gambling. Last week i was in profit of 2% of the total capital when i made the original withdrawal. But when i bet again with the profit money i lost. I was very well planned so didn't lose much that day. There are many people who lose twice as much when taking a loss. Also there may be low luck games where you can win repeatedly.

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Quote from: knowngunman on July 26, 2024, 12:56:36 PM

Quote from: Wapfika on July 11, 2024, 09:33:50 AM

Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and convert to fiat via exchange P2P to avoid gambling again for more win.

Is this actually a strategy to overcome this? I doubt it. I have seen several times where gamblers rush to withdraw their winning in the first minutes and then /make a deposit in the next minute. When it comes to losing huge win to gambling, it is attributed to gambler inability to control his habit and allow emotion to control them. For gambler who can manage and control emotions are not easily tempted with the money in their balance. Although, leaving the money in your wallet would easily tempt one to gamble but having emotional control would discipline one regardless of whether they leave money in wallet or withdraw it.

People who withdraw early and feel enough with what has been won is also a self-control, he recognizes his nature that will be easily tempted in gambling and therefore OP makes a withdrawal to secure his winnings.
If you talk about self-control, everyone can control themselves, and depending on how you recognize yourself, there you will find a way for you not to do things that you shouldn't do.

OP made the right move, because previously experienced such a mistake that made him regret it, so you don't need to think that OP took the wrong action or was in a hurry, that's how he controlled himself.

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Quote from: Sim_card on July 26, 2024, 12:24:12 PM

Quote from: dansus021 on July 26, 2024, 10:07:52 AM

Huge win that turned into a loss scenario oh frenn believe me most of the people here in the forum already fell after winning and turn into a loss hahah. the greed is really there frennn in our body just waiting to be activated haha. But seriously tho sometime even myself can't control it greed is very delicious, there is a point that I win and then I bet more and win again and when I hit the final round I just lost all of it because I think its gonna be win again but in reality that is not gonna happen because gamble chance is still 50.50 hah

The advice is we need to make sure our greed take control of our body just by withdraw after win big haha

It is good that a gambler should be contented with his wins or better still if he is not contented with the amount he has won, he should withdraw some part and leave little amount to continue gambling with so that if he losses that he might rethink of stopping the game and walk away with his wins. I know that it is hard because there is this instinct that will always tell you that you will win again because you have being winning when you started. I was lucky to win a decent amount of money but I became greedy and use all my wins to bet in one game, and that was the end of my happy moment because I lost it all in just one game.

I hear such stories very often, to be honest I think it is a common story for the average player. Many players have had such an experience, including me. The thing is that you can increase your deposit by winning and when to stop, at what exact moment no one knows. It is as if we are moving forward in the fog, but at some point we cannot put our foot on the support and fall off the cliff, losing the entire deposit on the loss.

In general, gambling usually punishes the greedy. There is even such an expression in the places where I live - greed breeds poverty. And over all the years that I have been playing, I am only becoming more and more convinced of the truth of this expression.

Topic: Huge win that turn into loss scenario (Read 1098 times)