Huge win that turn into loss scenario - page 2.

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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.

Yes I believe that is a good strategy or step that leads to a prevention by preferring to make a withdrawal as early as possible before greed haunts your mind, I understand that it is not an idea that can really keep you from gambling again at that time, because of course as you said there is a possibility that they will eventually make a deposit, but anyway I would still think that the idea of cashing out early is always a good thing to do.

Although I understand that it does not mean that after that they will not make another deposit but it will always be a recommended action, but of course I also quite agree with your opinion that it all depends on whether they can control themselves or not, or whether they can resist the temptation or not, because if not then yes of course even though they have cashed out the winnings early on it is possible for them to make another deposit, meaning the first thing that must be correct is that they must have good self-control along with having a correct understanding of how the chances are in gambling, especially understanding that even if for example they continue the gambling session at that time by making another deposit, it does not mean that they will win again.

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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

That's simple math and statistics. If you play long enough the house edge alone will make you lose. The deal is to win in a certain number of moves, like you do in chess.

The only way to attempt this is to go relatively all in from the start but it's in our nature to start slow. We all think that if we play low stakes we'll be in control of the game, but all we're doing is prolonging the inevitable.

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Quote from: summonerrk on July 18, 2024, 09:04:31 AM

Some time ago I tried to play and set aside a certain part of the winnings; I even created an Excel table for this purpose and wrote there when and how much I won, as well as how much I set aside from winning bets, including express bets and slot games.
And you know, I got tired of this, especially when I was recording large profits from the slots. It's tedious and takes you away from the game. But I want to play and not think about it.

I think it is good that you have thought about managing your financial activity in relation to gambling regardless of whether you lose a lot or win a lot. This shows your maturity as a user and your intentions not to make unconsidered mistakes. At the same time, I understand that you quickly get bored of recording all the betting results, especially when you want to focus only on playing. I am sure that this boredom is temporary and that you will be proud of yourself at the time when you will need to review your financial priorities and whether your gambling activity has had any effect. Personally, I advise you to continue this wise behavior that unfortunately most players lack and who, due to their excessive immersion in gambling, are ignorant of the size of their winnings/losses and therefore do not know when to start and when to stop.

To be honest, doing this on a regular basis is not easy at all and I doubt there are many people who do it regardless of the size of their gambling budget.

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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.

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.

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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.

most gamblers can literally relate because greed is one of the common thing most gamblers usually face. because greed can come in, in two ways in gambling either when one is winning or losing . For instance, base on your point most gamblers normally have this urge to continue gambling without being satisfied with their win , and most time they usually endup with losses .

While most people, have the greedy habit to always chase after their losses and most time they will endup making things worse , bringing in more losses in the process

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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.

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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.

Its very tempting when you are winning to go on and on to secure even bigger wins, but you always need to reset you funds to the initial deposit when you make considerable profit. when I make at least twice my bankroll, I immediately reset my bankroll to the initial amount by removing the excesses to avoid losing them all in the event of losing streak.

Quote

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.

Every gambler must have experienced this many times, the bad experiences of your funds melting in your presence because of persistent gambling motivated people like me to adapt a pattern of removing my gains as soon as they are big enough

Quote

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.

Congrats on learning your lessons, although I would not be surprised if you still flop sometimes on this principle, because you're a human. Principles saves us a lot and I hope yours continue to guide you to profitable gambling.

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Quote from: Casdinyard on July 25, 2024, 05:27:57 PM

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.

Well good for you. But the reality of things is that not everyone's gonna be as smart or as level-headed as you are. Cause for the most part a lot of people will see a large bankroll or a large win as their ticket to gamble more, instead of doing something to make sure they are able to secure their profits.

One thing I would really recommend you do when you gamble to instill some sense of discipline upon yourself is use USDT as a payment option instead of using any other cryptocurrencies. To give you an unparalleled perspective of just how much money you're spending, and if that shit still doesn't faze you, then I would highly suggest you withdraw every 2-5x win you bag when you gamble. That ensures you still have a bankroll to play with, while being able to secure as much profits as you can.

I think regardless of what payment to opt to chose, as long as the gambler has no discipline towards his betting activity, he will never refrain from gambling more most especially if he is still also in the winning streak. But when losing streak comes, that's the biggest challenge when gambling, trying to stop yourself from continuous gambling when you know that's not what you want.

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.

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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

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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.

Well good for you. But the reality of things is that not everyone's gonna be as smart or as level-headed as you are. Cause for the most part a lot of people will see a large bankroll or a large win as their ticket to gamble more, instead of doing something to make sure they are able to secure their profits.

One thing I would really recommend you do when you gamble to instill some sense of discipline upon yourself is use USDT as a payment option instead of using any other cryptocurrencies. To give you an unparalleled perspective of just how much money you're spending, and if that shit still doesn't faze you, then I would highly suggest you withdraw every 2-5x win you bag when you gamble. That ensures you still have a bankroll to play with, while being able to secure as much profits as you can.

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Quote from: Frankolala on July 14, 2024, 08:54:37 AM

Quote from: KTChampions on July 13, 2024, 04:58:55 PM

Quote from: junder on July 13, 2024, 01:51:27 AM

In my opinion, when we win, it makes us more confident to be able to get more than we already got, apart from that, when we win, the temptation to continue betting will be there, especially with the initial thought being to seek profit, there will be thoughts that at that time they were lucky so they continued gambling with the winnings they had obtained, but however the risk of losing would not disappear so the casino could make the winnings they got disappear again and not one or two incidents like this have happened in my opinion. This incident happened again because they made the wrong decision.

winning is actually not difficult, it's just our own thoughts and desires that complicate everything. If we gamble and manage to get a win and then withdraw it without thinking, then everything is not complicated. However, when many gamblers win, they complicate things by following their desire for more, but that only makes them experience problems which sometimes makes them even more disappointed.

Maybe someone becomes more confident after winning, but it seems to me that many people, on the contrary, lose faith in luck when they already have something to risk. No wonder such a function as cashout (which is actually very unfair and close to robbery haha) is in great demand.
I understand perfectly well those who continue to play after winnings and raise bets - I do this myself Grin

When you want to win a serious amount, it is obvious that you should not stop at small ones. From the outside it looks irrational, but in fact such behavior is justified.

It is a norm for gamblers like us to have a certain amount in my that we want to win and when we are on our winning streak, we focus more on winning because what we have is not our target but that is wrong because only the game turns against you which it must, you will not understand how you lost it all instead of stopping when you had profit.

I don't blame those gamblers that go for cash out because they don't want to jeopardize with the little profit that have already and that is the important thing since because it is only what you are sure of. The other huge amount that will make you not cash out but love to see the end of your bet is not certain because one of the game might cut the bet and you lose it all.

Or simply a cycle that happens to each gambler on which they would really be having those kind of boost up on the moment that they would be able to x2 their bankroll on which they would be having those thoughts that they could even make it x4 or x6 or even more. Trying out to chase those jackpots until they would really be losing it all on which its the most basic situation that do happens for most gamblers.
If you are someone that be able to stop on the moment that you are winning then its good but if you are someone whose really that goes after with those huge winnings despite of a profitable situation
then it do really just proves out that you are a greedy person. All of us does have that kind of different level of greed but there are ones who cant really be able to control on the moment that they are winning.

Quote from: Doan9269 on July 25, 2024, 04:36:29 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.

Was it not greediness that is killing many gamblers, in some situations where you will discover that they won a bet and still use some sort of multiplier strategies to continue the bet thinking they are going to earn more to double that big win, but before realizing the truth, it had been too late, and so it is in gambling and many other things we do, chasing after money will result in loosing the money we even have.

A never ending kind of chase into those so called strategies on which we do really believe that it would really be something that puts you on advantage or simply could milk out the casino
until you would really be busting up all of your capital and made out some realizations that you shouldnt have done that. lol

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Quote from: Zigabel on July 18, 2024, 08:49:41 AM

Quote from: Peanutswar on July 14, 2024, 07:19:45 AM

If you win already you can take back to your original bet so you won't get too greedy sometimes people keep testing until when and where they can still manage to hit a jackpot or profit so just one lose isn't enough to them to consider that they need to get stop for a while and take a look with their balance or situation are they still winning or not. Personally, once I win a large amount I will call out this for a day and make another game for next day so I don't get carried away when I win and lose another money because seems like it slipped only to my wallet and get away because of wrong decision making and making more greedy to urge to earn back those losses or urge back to play more hope to win large pool again.

keeping to this is where the problem lays, almost every one knows they should exit after a hug win but the believe that they can still win some more has been the biggest challenge that ha led to the problem, some times its really difficult to ever refuse trying again with the hopes of winning especially when you are of the opinion that the next chance could be a win again so not trying will means missing out.

I have discussed this issue several times but I will never get tired of it because in most cases excessive gambling is always due to the trigger of greed to get a larger amount. If we set a goal to get a big win in gambling then actually it is a journey that will be very long and will never stop, in simple terms greed will never know the end.

Simply put, when you succeed in getting the $ 100 that you previously expected then you will expect a larger amount such as $ 1000 for example, and $ 10k and so on, while the risk will continue to lurk you at any time, and this is why the idea of cashing out at the right time like when you managed to get the first win is highly recommended, because besides the idea can make you enjoy the results of the victory, the idea can also keep you from significant regret when in the process of running greed it turns out that you actually lose all the winnings. So the point is if you want to make it easy to take action to cash out at the right time then never think that "bigger wins are just around the corner", it is useful to avoid greed.

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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.

Was it not greediness that is killing many gamblers, in some situations where you will discover that they won a bet and still use some sort of multiplier strategies to continue the bet thinking they are going to earn more to double that big win, but before realizing the truth, it had been too late, and so it is in gambling and many other things we do, chasing after money will result in loosing the money we even have.

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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'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.

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Quote from: summonerrk on July 18, 2024, 09:04:31 AM

Some time ago I tried to play and set aside a certain part of the winnings; I even created an Excel table for this purpose and wrote there when and how much I won, as well as how much I set aside from winning bets, including express bets and slot games.
And you know, I got tired of this, especially when I was recording large profits from the slots. It's tedious and takes you away from the game. But I want to play and not think about it.

It is not surprising that this is happening to you, in my experience the majority of the people hate doing their taxes or setting a budget, and what you are doing is very similar to both of those activities and I find it natural that you got tired of it, as the majority of the people that gamble do it to obtain some fun and to relax from all the pressures and responsibilities that they encounter on their everyday life, so the last thing they want to do is for gambling to become just another burden.

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Quote from: summonerrk on July 18, 2024, 09:04:31 AM

Some time ago I tried to play and set aside a certain part of the winnings; I even created an Excel table for this purpose and wrote there when and how much I won, as well as how much I set aside from winning bets, including express bets and slot games.
And you know, I got tired of this, especially when I was recording large profits from the slots. It's tedious and takes you away from the game. But I want to play and not think about it.

Sometimes this list works as negative for me because I bet recklessly when I saw that I’m in huge profit on my list since I knew that I have money to spare for losing.

I stop doing this list long time ago so that I can think fresh whenever I’m gambling this way I’m always neutral regardless of my previous gambling result. I’m not sure if others think this way too but I’m sure greediness will always makes you vulnerable to lose recklessly whenever you are thinking that you still have money to spare from your previous profit.

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Quote from: xLays on July 14, 2024, 10:07:40 AM

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 experienced this many times! I win big multi bet but end up losing all those winnings by trying to win more. I never learn from my gambling mistakes. Maybe next time I should consider setting some boundaries or limits for myself when I win a big bet to help manage this. Maybe ext time I could set aside some portion of my winnings and only gamble with specific amount.

Some time ago I tried to play and set aside a certain part of the winnings; I even created an Excel table for this purpose and wrote there when and how much I won, as well as how much I set aside from winning bets, including express bets and slot games.
And you know, I got tired of this, especially when I was recording large profits from the slots. It's tedious and takes you away from the game. But I want to play and not think about it.

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Quote from: Peanutswar on July 14, 2024, 07:19:45 AM

If you win already you can take back to your original bet so you won't get too greedy sometimes people keep testing until when and where they can still manage to hit a jackpot or profit so just one lose isn't enough to them to consider that they need to get stop for a while and take a look with their balance or situation are they still winning or not. Personally, once I win a large amount I will call out this for a day and make another game for next day so I don't get carried away when I win and lose another money because seems like it slipped only to my wallet and get away because of wrong decision making and making more greedy to urge to earn back those losses or urge back to play more hope to win large pool again.

keeping to this is where the problem lays, almost every one knows they should exit after a hug win but the believe that they can still win some more has been the biggest challenge that ha led to the problem, some times its really difficult to ever refuse trying again with the hopes of winning especially when you are of the opinion that the next chance could be a win again so not trying will means missing out.

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Quote from: AliMan on July 11, 2024, 11:49:30 AM

you should take that decision into a strict part of yours

I bet he did already when he converted his crypto to fiat.

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but we can't really finally say that gambling should be avoided

Why not? If you think it making things bad for you, then it would be best to just quit it. You rather say, that there are still no guarantees of quitting it permanently because temptations are only there in the corner but we can't blame our selves. We are only a human who are prone to it.

According in the OP's situation, there are no exploitation that happened there and even if we say there are, like casinos are heavily promoting their services, I think it's wrong to blame them because the final decision was still up to us.

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So we must be responsible enough to control ourselves in terms of betting gambling at all times even if we thought it won't affect our personal lives

That's right that it's better to be safe than sorry. Confidence is good but sometimes it can be the ones that can screw us.

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Quote from: Frankolala on July 14, 2024, 08:54:37 AM

I don't blame those gamblers that go for cash out because they don't want to jeopardize with the little profit that have already and that is the important thing since because it is only what you are sure of. The other huge amount that will make you not cash out but love to see the end of your bet is not certain because one of the game might cut the bet and you lose it all.

As long as you are happy with your decision, that should already satisfy you. For regular gamblers, experiencing losses and winnings on a regular basis is expected, so we already know what to do when it comes to the timing of stopping, whether in profit or in losing. Actually, since losing is just normal, it should not hurt us because we already anticipated that. However, if we win and don't stop because of greediness, that will leave a huge regret in our hearts and eventually make us problematic gamblers.

That's why some gamblers get addicted: they don't recognize the risk and don't manage it properly. If we only manage it, we should be able to enjoy gambling for the long run, even if we have more losses than winnings.

Topic: Huge win that turn into loss scenario - page 2. (Read 1098 times)