Topic: Huge win that turn into loss scenario - page 5. (Read 1084 times)

Unfortunately, we are all sometimes lucky and sometimes unlucky. I saw a streamer who tripled his deposit on slots and he sat there with his eyes wide open and couldn't believe it.  
And you know what's funny? He continued playing and increased his deposit again!  It is after gamblers see this that they do not want to stop at the first big win. But as a rule, everyone then loses.

Withdrawing the profit is a good way to gets the money before our minds gets tempts from gambling and we will lose our control. But the problem is many people gets tempts before they can decides to withdraw their wins so that makes many people keeps playing gambling without thinks to gets their profit in gambling.

They are greed because they wants more winning and thinks that they can gets it from the next rounds. But the fact is they will difficult to wins but instead they can lose their wins money before. Maybe we have that experienced before so we have our lesson and not trying to do the same things as before. We can lose all of the money including the wins money if we can't holds ourselves from gambling and the wins  will be waste for us.

I am just thinking if we must only account winning on big odds because for me, if I can be lucky to win on little odds or little profits as much as I gambles, I will not hesitate to take that little profit for the day I go and then accounts little profits again next time and in sequence of my continues gambling, if can be continued being lucky on little winning and at a summary I have accumulated a huge profit without waiting to win hugely before taking out the profit.

I am also not be strick on gambling for profits but once found the tickets benefit from it or I am at a time lucky to profit from it, of course I would accept that chance and if I have been loosing at most then I would account it to be part of my recovery.

One could argue that there's as much reasons to keep profits in he account as there are reason to put money in there in the first place. So, the real issue is, how much is that significant amount?

Op was talking about x2 to x5 of the bankroll, and frankly i don't see that as significant unless the money OP deposited is almost significant enough by itself.

And if you mean casinos where you are getting direct crypto rewards by staking, and not some other bonuses, i see that as a red flag. Because in order to really benefit from those, you need to hold significant amount, and i have hard time trusting that casinos that are offering those will be around for a long time,

Because regulations are tightening and those services are already more then questionable in regulatory sense, so i don't get a feeling that they have a long term plan, or plan to expand.

When you gamble and have a huge win, don't be greedy and continue gambling to increase the win because there's a huge chance that you can loose everything. If you must continue to gambling for any reason, it's better to only gamble with the bankroll that produced the win and withdraw the won amount. If you lose the bankroll that you used to gamble again, then it's not too bad because you still have the actual amount won minus the capital. Gamblers needs to learn how to gamble on budgets, when you have diminished that budget whether you win or lose it's best to quit for the day.

When gambling, we must be able to accept when the money we bet is lost because we need to remember that players only have a small chance of winning. So when you experience defeat, the thing to do is stop and leave the casino so you don't gamble again on the same day. and again another day, maybe luck can give us a win with the gambling we do, also when we have won, don't have any thoughts of getting more than we already got, thoughts like that of course lead to greed and can end in disappointment, also when we lose but still want to gamble and what happens is that the losing streak is due to greed because they really want to get a win that is based on luck.

What I have experienced is that when I have lost in a row I still force myself to gamble and even borrow money from my friends and how very lucky I am to be able to get a win that is many times the loss that has occurred, from that incident I am no longer interested in gambling online. Too much because it will only cause us harm in the future, even though luck will be on our side, that doesn't mean we have to gamble continuously even though we have experienced consecutive losses. That is not recommended.

The safest way to scale through losing out streak is by securing your profit imidiately after win by fast withdrawal. otherwise you will be left with nothing in your bankroll. This has been a  major problem people usually face all the time. And it is basically greediness that causes such thing, I have been in such situations on several occasions where I keep on gambling till I lost all my bankroll and I have vowed to myself that I can never leave my bankroll after winning.

Indeed. Greed is the problem for gamblers who have no contentment even they already win huge. It's because of their belief that they can gain more once they continue playing. Well, it's a human nature to be greedy sometimes, however we need to be wise to stop already and withdraw the profit. Chances are you'll only lose all of it if you didn't refrain yourself from playing. Those who already experienced such situation can relate and probably have a regret for not controlling themselves.

What people don't understand is that if you arrive at the casino and in the first few plays you make between x2 and x5 on your bankroll, it is not that you are on a run of good luck, so to speak, on the contrary, you have been too lucky, i.e. a variation on the average expected result, very much in your favour, which in the long run will tend to converge with the expected result, which was a loss.

To put it simplistically, if you have a bankroll of $10 and you place a $1 bet on a game with an RTP of 95, the expected result is $0.95. But if the actual outcome is a $50 big win, you have won $40.05 more than expected, and more than you will win in the long run on that type of play. The more you play, the closer that outcome is to the actual outcome. And keep in mind that every time you bet with an RTP of less than 100, you are earning negative compound interest, which means that in the end the money you bet will tend to 0, meaning you will lose your entire bankroll.

That's why I advise people like the OP, if they have a big win to withdraw the money and enjoy it, so it's good that he seems to have learned his lesson. There will be other days when you won't get those positive results and you won't be able to withdraw. Let's not let the day you can walk away with money from the casino turn into a catastrophe.

Unimaginably large! Infact, it's the surest determinants that I know of when it comes to gambling. As long as nobody knows you personally, and everything shuffles up back in place, when it's your turn, it's definitely a win.
Just imagine walking into a casino to get your previous winning, only to begin another phase that slowly drags you into being indebted to them.... What more do I say? That's literally the worst that'd ever happen. They could confiscate some of your properties until the debt is cleared. Isn't that shameful already? No need to tempt fortune! ^{[i love that little phrase]}

Huge win can tempts us to continue playing gambling and not realizes that is the right time for us to quit gambling. Greediness makes us wants more money from the winning. But that will not always happens as we wants.

We must prevents that happens to us because we will regrets to see our winning turn into loss scenario. Greediness will makes us lose much money without seeing that we already wins and needs to withdraw the win money. But we forgets to do that and still playing gambling and hopes that we can wins in the next rounds.

We must remember that playing gambling is not for make money but for have fun. We must quit gambling in the right time so we can enjoy our winning. If we lose, we can prevents more losses by quit gambling.

There is really no reason to keep profits in the account. Ultimately this is not a slot on a staking platform, although I must admit that there are now casinos that allow crypto staking. But if your profits are gradually diminishing due to a series of losses, then there is no reason to continue playing and destroy your profits and your bankroll. In gambling, the role of luck is very large, and if it is not sports betting, then luck is absolute. If you have won a significant amount, then most likely you are unlikely to be able to repeat your winnings. No need to tempt Fortune.

That's a big lie! Focus isn't triggered nor interrupted by too much success - atleast that's not the case for everyone... I personally feel the pressure comes in when you're losing too much and, in the frenzy, you really wanna recover everything at the same time.. you could be really extravagant when there's big win but again, that doesn't mean you'll just keep losing althrough.
What If I tell you that I've seen cases in reverse? They just lose for let's say, the next 3 tries and it cuts again! Huge one for that reason. Unless you're not able to control yourself, stick to using the withdrawal option as often as you can.

You can find a middle ground for this, you know?

If you make 2x your initial investment, consider converting and withdrawing half of it (your profit) and continue betting only with the rest.

That way you can ensure that you won't lose everything and still have the chance to continue having fun and maybe even win more money again. After all... you have to take advantage of the lucky streak.

If you win again, repeat the process... convert and withdraw your profit again (or half of it) and continue betting, now with a bigger bankroll and more chances of winning even more.

If your luck runs out, at least you will have guaranteed that you didn't lose.

This happened to my partner, the $40 bankroll become +$1000 then loss most of it because of being greedy. I already to her that she should stop already and make it a day since she got a big win as the more you stay in gambling the higher chance you will loss. All she do is agree to me but still playing. Until one day she confess to me that she become addicted and loss most of the wins she get because of chasing losses.

Greed has been one of the problems many of us that are gamblers are facing and it is good for us to know what is wrong with us so that we don't have to keep doing what will keep us losing. Gambling has been a good way for us to make money but something greed has been a problem for us that will always make is keep losing in gambling. Even though we keep withdrawing our funds anytime we make profits, greed can still make us to deposit the funds and use it to bet which can finally be lost again. There are so many things we need to do so we don't have to become addictive losing bets anyhow.

Precisely. Even if you aren't a gambling addict, once you win a small amount, you need to withdraw it immediately so that the casino won't get it back. A win is always a win, and unless you bet it again, it will not return back to the casino.

However, not every gambler is capable to control his greed  for money. To gamble is to make more money, but it seems the design for gambling casinos would not agree to it. In fact, the house should always win so they will do everything to stay in profits, not to give away their profits.

It's harder then one would think to immediately take everything out, as you feel like you are in a flow, and that there's a stroke of luck going on that you can't cut short.
It has happened me several times. I win and suddenly i feel i have way more money to gamble than my initial budget. And i don't necessarily even realize that the money i am putting in is real, and could be used in real life. I might play 10% of what i won, in order to win more, and if i don't i feel stupid because i just wasted it.

Of course there's a change that i win more, and then i won't feel as stupid. I actually might feel like some gambling genius, but deep inside i know that i lost control when i didn't get out earlier and instantly. And slots are the worst way to lose money, because i don't even think what i am doing, like in sports betting.

It takes time to learn how to get out with a win. Setting a target of your winning is very important, because without a target you'll not be able to stop at the right time. Yes, greediness is upon us, I mean most of us are probably greedy but that should not convert to losing after being up like x2 or more of our bankroll. We do want to win more as much as possible, but we should put in mind that winning is not everyday but gambling operates 24/7, so it's okay to cash out, enjoy the win and come back another day.

This is what I'm taking about, after you withdraw, just call it a day and never think of depositing again on the same day as that would likely result to another loss based on my experience.

One thing is certain: greed and gambling don't mix, unless you don't care much about losing money. Any player who does not develop the ability to control their emotions and level of greed is doomed to failure.

One of the strategies in this case would be to withdraw as soon as you reach a goal (or immediate profit), withdraw the profit, as long as it's within the minimum required by the platform and/or as soon as you realize that the house is earning more than you, stop playing and come back another time.