If You Win Big Will You Remember Your Losses - page 12.

iMark

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Quote from: boyptc on September 12, 2019, 03:28:54 PM

Quote from: swogerino on September 12, 2019, 06:31:10 AM

It depends how big the win is.If you just win an accumulator like a ticket with 10 games and you win for example 0.5 to 1 Bitcoin it is surely a big win but it is not enough to forget my lost money because I have lost a whole more money by gambling.This is a great consolation prize as I can start to recover with that but I cannot easily forget my lost money.

Ticket wins aren't memorable although it's still giving that feeling of relief that you have won.

And winning such amount from the example that you have given will be remembered though but the point is when you have won that much, you will also calculate your losses and extract on how much you've won or break even with that winning.

Yeah "amount" that will remind you of the profit or losses you get. the greater the loss you get, the more you will remember the loss.
even I still remember the sad loss I felt a few years ago, because of the big of the loss that I suffered.

Ewox

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Depends really on what kind of a gambler you are and how much you gamble in a day. But mostly, they don’t count on the losses because it’ll be a big headache for them to have loss such amount. That’s why when they finally win out of the many losses they had; they couldn’t think of the amount of loss but instead think of the winnings.

jhonjhon

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Not really, most of the time gamblers don’t remember the losses they incur after winning a big amount because they are to focused on the wining they got one time which is higher that what they bet on the day. In this case your friend bet $3 but he won $300, at first look it’s sure a big win but when you look back and calculate all your bet for 7 months then $300 it’s just nothing however, once gamblers win big amounts the first time won’t really look back at his previous bets, what is important the he won after a long time.

boyptc

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Quote from: boyptc on September 12, 2019, 03:28:54 PM

Quote from: swogerino on September 12, 2019, 06:31:10 AM

It depends how big the win is.If you just win an accumulator like a ticket with 10 games and you win for example 0.5 to 1 Bitcoin it is surely a big win but it is not enough to forget my lost money because I have lost a whole more money by gambling.This is a great consolation prize as I can start to recover with that but I cannot easily forget my lost money.

Ticket wins aren't memorable although it's still giving that feeling of relief that you have won.

And winning such amount from the example that you have given will be remembered though but the point is when you have won that much, you will also calculate your losses and extract on how much you've won or break even with that winning.

someone who has fallen in love with gambling, of course he will not realize the money he spent on gambling, when he wins, he will surely feel happy with the victory and does not care if the victory he gets is not commensurate with the capital spent. most importantly he felt happy because the gambling he did was only for entertainment and not to enrich himself

The win counts and losses don't, that's it.

But for someone who's too conscious with his finances in gambling will also count his losses and the total he has made recently. But I also doubt it that he'll count his lifetime losses and earnings but for sure they will have an estimation.

RivAngE

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After reading this thread i laugh immediately because this so me. The moment I win I don't remember how much it cost me to win that jackpot. Though, probably after some minutes or hours have pass by i come back to my senses then start trying to calculate my real profit if i remove the total capital (fund) it cost me to win the jackpot.

Since psychology is a big part of investing/trading/gambling, I suppose that "cheating" a bit on your calculations in order to make yourself think you have been more profitable can be good.
When we're on the red, we tend to be reckless hoping we'll make up for our loses, usually ending up with even more loses. Making ourselves believe we have no loses should help at some level... unless you end up losing everything... don't do that!

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Quote from: 1BTC EQUALS 1CAR on September 13, 2019, 12:35:16 AM

Quote from: coin-investor on September 07, 2019, 11:30:05 AM

I have a friend who wins 15,000 pesos or $300 the first time keno games in an offline betting outlet, he is so happy and very ecstatic about his winnings, I congratulate him and ask him how long before he hit the jackpot, he told me that it took him 7 months and he is betting daily at 100 pesos or $3 so his losses are bigger than winnings.

But surprisingly he did not calculate his losses all he cares about is he finally wins, how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

If someone told me the same thing like that which is not calculation all his losses then it is just proven that the person is a gambling addict and he needs help. The mere fact the he's very consistent on betting everday that he won't stop until he manage to win so imagine the amount he would lose if he did not still win after a year.

I think that not all gamblers which do not calculate his losses, it doesn't mean that the gamblers were an addict and needs help. As far as I know, I don't calculate my losses, but I don't addict to gambling. Besides that, I guess that many other gamblers will do the same as me.

Perhaps, we are too lazy to calculate the losses we got in the gambling games because we don't think that is too important for us. The only thing that we want is only playing gambling and have fun without thinking about the details.

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Quote from: coin-investor on September 07, 2019, 11:30:05 AM

I have a friend who wins 15,000 pesos or $300 the first time keno games in an offline betting outlet, he is so happy and very ecstatic about his winnings, I congratulate him and ask him how long before he hit the jackpot, he told me that it took him 7 months and he is betting daily at 100 pesos or $3 so his losses are bigger than winnings.

But surprisingly he did not calculate his losses all he cares about is he finally wins, how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

If someone told me the same thing like that which is not calculation all his losses then it is just proven that the person is a gambling addict and he needs help. The mere fact the he's very consistent on betting everday that he won't stop until he manage to win so imagine the amount he would lose if he did not still win after a year.

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Quote from: hahay on September 12, 2019, 06:28:30 PM

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After reading this thread i laugh immediately because this so me. The moment I win I don't remember how much it cost me to win that jackpot. Though, probably after some minutes or hours have pass by i come back to my senses then start trying to calculate my real profit if i remove the total capital (fund) it cost me to win the jackpot.

But at least you still remember the loss and it is good to do so that you can control to not be greedy, in contrast to me who never counts and remembers how much money has been spent to get a win, because in gambling losing and winning becomes a part that will definitely be passed.

In some way, counting back the money you've lost can lead to regret. Especially if it amounts to almost the same as your winnings. We know where regret leads. Though in another point, you're right. Counting your losses will make you aware of how careless or cocky you were with your money. I guess it just depends on how you see your losses. If it's something that will push you to gamble more or to make you step back a little.

hahay

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After reading this thread i laugh immediately because this so me. The moment I win I don't remember how much it cost me to win that jackpot. Though, probably after some minutes or hours have pass by i come back to my senses then start trying to calculate my real profit if i remove the total capital (fund) it cost me to win the jackpot.

But at least you still remember the loss and it is good to do so that you can control to not be greedy, in contrast to me who never counts and remembers how much money has been spent to get a win, because in gambling losing and winning becomes a part that will definitely be passed.

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After reading this thread i laugh immediately because this so me. The moment I win I don't remember how much it cost me to win that jackpot. Though, probably after some minutes or hours have pass by i come back to my senses then start trying to calculate my real profit if i remove the total capital (fund) it cost me to win the jackpot.

That's great to hear, so you have won a lot rather a loses and Yes definitely. You can remember your losses after you win. You might compute your losses and your total winnings to have the exact amount of your earnings. That's what gamblers do but some people will just celebrate and forget all the losses and will just be happy for the win. That's what we called totally entertained in gambling.

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Quote from: Reatim on September 12, 2019, 03:54:18 PM

Quote from: DeathAngel on September 12, 2019, 11:17:54 AM

Quote from: coin-investor on September 07, 2019, 11:30:05 AM

I have a friend who wins 15,000 pesos or $300 the first time keno games in an offline betting outlet, he is so happy and very ecstatic about his winnings, I congratulate him and ask him how long before he hit the jackpot, he told me that it took him 7 months and he is betting daily at 100 pesos or $3 so his losses are bigger than winnings.

But surprisingly he did not calculate his losses all he cares about is he finally wins, how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

For lots of people gambling is a hobby, if he’s having fun & gambling with only $3 usually then maybe he doesn’t mind losing. It’s only like going out with friends & drinking beer. If he’s having fun then cool. Obviously when he wins $300 he forgets all those little losses even if he’s still down.

As long as he’s not getting himself into financial trouble then let him get on with it

Yeah and why would a winner thinks of The losses when that specific time is for celebration lol

In gambling we already knew that it’s more of losing then winning so if you still play means you already accepted the reality of small chance of winning .

If that so when we got a win and specially with that amount in which good money,we intend to be happy and forget everything just for a day or so

And that one time winning is the trigger for your more gambling activities.There are people or gamblers who do think of their losses when they do win because they come for profit and every win will be deducted by the loss and where he can presume that if he already break even or profit on the said win or still on the negative side.Some might not care but people will think normally into their losses in the past but same as you said on my part I don't mind too much because I already accepted on what would be my fate with gambling since I do play for fun part not really on making money since its just a bonus for me but I'm pretty sure that I'm still on the negative side.

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Quote from: DeathAngel on September 12, 2019, 11:17:54 AM

Quote from: coin-investor on September 07, 2019, 11:30:05 AM

I have a friend who wins 15,000 pesos or $300 the first time keno games in an offline betting outlet, he is so happy and very ecstatic about his winnings, I congratulate him and ask him how long before he hit the jackpot, he told me that it took him 7 months and he is betting daily at 100 pesos or $3 so his losses are bigger than winnings.

But surprisingly he did not calculate his losses all he cares about is he finally wins, how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

For lots of people gambling is a hobby, if he’s having fun & gambling with only $3 usually then maybe he doesn’t mind losing. It’s only like going out with friends & drinking beer. If he’s having fun then cool. Obviously when he wins $300 he forgets all those little losses even if he’s still down.

As long as he’s not getting himself into financial trouble then let him get on with it

Yeah and why would a winner thinks of The losses when that specific time is for celebration lol

In gambling we already knew that it’s more of losing then winning so if you still play means you already accepted the reality of small chance of winning .

If that so when we got a win and specially with that amount in which good money,we intend to be happy and forget everything just for a day or so

boyptc

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Quote from: swogerino on September 12, 2019, 06:31:10 AM

It depends how big the win is.If you just win an accumulator like a ticket with 10 games and you win for example 0.5 to 1 Bitcoin it is surely a big win but it is not enough to forget my lost money because I have lost a whole more money by gambling.This is a great consolation prize as I can start to recover with that but I cannot easily forget my lost money.

Ticket wins aren't memorable although it's still giving that feeling of relief that you have won.

And winning such amount from the example that you have given will be remembered though but the point is when you have won that much, you will also calculate your losses and extract on how much you've won or break even with that winning.

DeathAngel

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Quote from: coin-investor on September 07, 2019, 11:30:05 AM

I have a friend who wins 15,000 pesos or $300 the first time keno games in an offline betting outlet, he is so happy and very ecstatic about his winnings, I congratulate him and ask him how long before he hit the jackpot, he told me that it took him 7 months and he is betting daily at 100 pesos or $3 so his losses are bigger than winnings.

But surprisingly he did not calculate his losses all he cares about is he finally wins, how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

For lots of people gambling is a hobby, if he’s having fun & gambling with only $3 usually then maybe he doesn’t mind losing. It’s only like going out with friends & drinking beer. If he’s having fun then cool. Obviously when he wins $300 he forgets all those little losses even if he’s still down.

As long as he’s not getting himself into financial trouble then let him get on with it

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Quote from: BALIK on September 10, 2019, 01:37:50 PM

Quote from: madnessteat on September 10, 2019, 01:22:58 PM

A few years ago, I lost a lot of money in the dice. I tried to play by Martingale's strategy with a minimum bet and saw good results. But when I increased the initial bet I got 8 times in a row "no". My money was just not enough for the next bet.

After that, I don't gamble very often, but if I do, then before the game, I determine exactly how much I can afford to lose.

That's the correct mindset.

Too many people think they can simply keep doubling up until they eventually get the hand they want. However, they'll soon reach a point where they can't afford to double up again and will be faced with the decision whether to keep going or accept your losses and stop. The bigger man will be able to know when to call it a day, whereas the problem gambler will continue.

Remember guys, gambling should be for fun, not profit. If you think you'll get rich gambling, think again.

There's actually two type of gambler:

1. Those who love to play no matter what the result ... they are happy doing so

2. Those who looking for profit in the long run , I doubt you can do it in casino but possibly sportsbetting have better chance.

The OP story show us how his friend gamble for entertainment and doesn't even care how much he have lost in the past , the most important for him is that time when he won a 300x jackpot , fair enough for those who looking for entertainment in gambling.

But not for those who looking for profit , they would of course calculate everything.

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Quote from: coin-investor on September 07, 2019, 11:30:05 AM

But surprisingly he did not calculate his losses all he cares about is he finally wins, how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

This doesn't happen only via gambling, it also can be observe in real life. You subconsciously forget about all the struggles you have gone through, the moment you achieve success. This struggles could be countless sleepless nights because you're training, preparing for examination/interview or positing yourself to take advantage of an opportunity when it does present itself.

One way or the other, we all have at some point fallen victim to this. I have fallen victims on numerous occasions, you can't fight it as it's just in our human nature to forget our sorrows (in this case lost funds) when we do achieve success. Here's a possible solution, it's always advisable to keep a record of how much you spend in gambling, as with this record you can always rate yourself if you're making progress or just wasting your time.

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It's like paying homage to those dollars you have lost along the way that help you get to where you are right now Grin

Anyway, if I lost a lot on casino games, I just don't care about it and I'm more open to losing on that facet of gambling rather than losing on sports betting. I do have my own portfolio of W-L over time in sports betting, including the amounts gained/lost as well. I'm well over the W right now and I'm definitely okay with it, though I could still be on a losing streak knowing that I don't track my casino loses, but whatever.

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It depends how big the win is.If you just win an accumulator like a ticket with 10 games and you win for example 0.5 to 1 Bitcoin it is surely a big win but it is not enough to forget my lost money because I have lost a whole more money by gambling.This is a great consolation prize as I can start to recover with that but I cannot easily forget my lost money.

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Quote from: madnessteat on September 10, 2019, 01:22:58 PM

A few years ago, I lost a lot of money in the dice. I tried to play by Martingale's strategy with a minimum bet and saw good results. But when I increased the initial bet I got 8 times in a row "no". My money was just not enough for the next bet.

After that, I don't gamble very often, but if I do, then before the game, I determine exactly how much I can afford to lose.

I am surprised that someone still uses martingale, I thought it has been mentioned here many times that the strategy is doom or you never knew? So what led you to trying it. Well this is not the time to put blames. I am sorry about your loss and I believe you must have recovered since it’s been years now. ONE more thing, I think that I noticed from your post that you have already prepared to lose a game even before you play it, I think this is a very wrong mentality, and I hope you work on changing this mentality because its possibly the reason behind your loses and martingale cannot be blamed so much for this.

Back to the post, I don’t see any reason to remember my loss if I win big, We only remember loses when we keep on losing.

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Quote from: Zeroxal on September 11, 2019, 04:52:06 PM

No, because the tendency of most gamblers is to gamble more, not minding their loses, all they want is to have more winnings, thats the nature of their addictive endeavour.

Yes, they only think about how to win the games without thinking about how if they lose more money. They will forget about their losses in a few days or weeks or months ago because today, they can win some money. It feels like what they lose in a few moments ago is not exist because now they have the money.

They will only remember about their winning, and they will tell other people that they can win from gambling. But unfortunately, they don't realize that to get a win in the gambling games will need much money and of course, they will need luck too.

Topic: If You Win Big Will You Remember Your Losses - page 12. (Read 4722 times)