Huge win that turn into loss scenario - page 9.

Findingnemo

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Bitcoin = Financial freedom

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.

This isn't rocket science but more of a conservative strategy who are more keen on not to lose money in the name of gambling so whenever you make some money then withdraw your deposit and everything that's left can be used with more freedom cause you are not going to lose anything from your pocket even if you bust the remaining bankroll.

Everyone can practice it and as OP said he learnt this in a hard way but for newbies just be smart and learn from others mistakes.

Accardo

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Leading Crypto Sports Betting & Casino Platform

Lifestyle creep is a culprit, they say. Gamblers feel this unnecessary need for rapid betting when their bankroll is on the increase. It's natural, but can be controlled through setting a budget, having a long term plan, and harnessing a strong will power to delay gravity. But we have to walk before we run. Perfectly managing lifestyle inflation isn't a habit to develop instantly.

A depressed frustrated gambler who wagered his house and lost it, also complained on Quora that he wins when staking lesser amount and losses the moment he wagers huge amount. Players have in them the ability to limit or stop walking right into a greedy lifestyle. It's tempting to avoid, but many gamblers max out their crypto or credit cards chasing losses. When this happen they'll go to money lenders. Or sell out all their properties and belongings. Withdrawal hardly revolves this permanently. The player's mind has to be positively renewed and actively directed towards a responsible superlative lifestyle.

AVE5

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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.

If you're a bettor who gambles on the crypto casino if may be hard for you to Opt out of being tempted to bet further otherwise, the best to secure your profits after winning or even when you want to prevent more lost is to logout of the gambling sites and don't just gamble within that period of time otherwise you'd gamble with an anxiety of either lost of winning which doesn't feel good because you may aftermath bet off out of control.

bitterguy28

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“FRX: Ferocious Alpha”

if you got lucky i say take out most of your profit already to ensure that you will not walk away from the experience penniless but i said only most of it because if you want to try and push your luck then you can do so but don’t lose all your money in trying to do so

i would go and play again and if i lose once then that is when i know i should stop but if i win again then i would be thankful to the gambling gods or whatever and continue this kind of system

coin-investor

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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.

Glad you did, for a gambler to continue to enjoy playing in casinos he should know his limitations, we all have this experience but we have to go through this to learn, and experience is the best teacher in gambling.

You have to reach your lows to realize your mistake, and for you to overcome this weakness.
There's nothing like enjoying your winnings other than blaming yourself for being too greedy, even if your winning is small you have to appreciate it and you can do that by withdrawing it.

Solosanz

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There was a thread that discuss exactly same like this, where the @OP ask what you will do if your bankroll went from $100 to $10 or $100 to $500. Since we're talking about in profit, the wise choices withdraw the profit which is $400 and then you gamble continue to gamble using your initial bankroll.

Even you loss your bankroll, but you're still earn $300.

mindrust

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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.

Oshosondy

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Gamble responsibly

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.

Wapfika

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Bitcoin makes the world go 🔃

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.

Topic: Huge win that turn into loss scenario - page 9. (Read 1098 times)