My worst day in gambling - page 10. | Bitcointalksearch.org

Mahanton

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Quote from: Fortify on September 27, 2022, 04:26:45 PM

Quote from: Frankolala on September 25, 2022, 03:59:33 PM

I believe everybody has their worst day in gambling especially if you started gambling early maybe in your teenage age. My worst day was when I used my school fees to gamble because I thought I will make more money to take care of some of my needs in school. At the beginning I was making profit for 2hrs,I was carried away with the anxiety of winning but later the game turned round and I was losing and losing,I didn't quit hoping I will recover my lost. Before I knew it I was left with 10% of the money I started with, I couldn't just quit the game then because I still feel I will start winning again but luck failed me and I got drained of all I have on me.

Two weeks later it was announced in school that we only had one more week left for closure of school fees payment, I tried borrowing, seek for help everywhere but nobody could help me with the money. This was how I couldn't pay my fee for that semester and went home with carry overs after the end of the semester as I was not allowed to write some exams.

How about you do you had a worst day on gambling that you will never forget ?Did it affect an aspect of your life and how ?

I don't honestly have a worst day in gambling, just a few rather mediocre level losses that probably burned me for a while and actually did well to discourage me from gambling away any higher amounts. When I hit the $50-100 losses in a day, that is enough for me to bail out and probably choose a different activity for a long while. It's happened in a couple poker sessions over the years, it's happened when switching from football betting into horse betting and not understanding that the chances of winning are calculated completely differently. Guess I've been fairly fortunate but also never had a desire to gamble at any higher levels because the risk is not worth the reward to me.

Same here, you wont really be ending up having the worst if the money you had burned or loss overall is something that you had prepared for it to loss on that particular session which is something that really needs to have in someones mind whenever they do play gambling in the first place on which if you do have accepted your fate and dont expect something in terms of profits then you wouldnt really make yourself to be that
impulsive and instead you would really completely stop once you do deplete out all of your balance.Worst day would really be happening if you are really thriving or doing your best to make profits as much as you could.
Well, in gambling then it would really be that a very common behavior since we do really love to make profits but we know that gambling is something high risky thing to be dealing off with.

Fortify

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Quote from: Frankolala on September 25, 2022, 03:59:33 PM

I believe everybody has their worst day in gambling especially if you started gambling early maybe in your teenage age. My worst day was when I used my school fees to gamble because I thought I will make more money to take care of some of my needs in school. At the beginning I was making profit for 2hrs,I was carried away with the anxiety of winning but later the game turned round and I was losing and losing,I didn't quit hoping I will recover my lost. Before I knew it I was left with 10% of the money I started with, I couldn't just quit the game then because I still feel I will start winning again but luck failed me and I got drained of all I have on me.

Two weeks later it was announced in school that we only had one more week left for closure of school fees payment, I tried borrowing, seek for help everywhere but nobody could help me with the money. This was how I couldn't pay my fee for that semester and went home with carry overs after the end of the semester as I was not allowed to write some exams.

How about you do you had a worst day on gambling that you will never forget ?Did it affect an aspect of your life and how ?

I don't honestly have a worst day in gambling, just a few rather mediocre level losses that probably burned me for a while and actually did well to discourage me from gambling away any higher amounts. When I hit the $50-100 losses in a day, that is enough for me to bail out and probably choose a different activity for a long while. It's happened in a couple poker sessions over the years, it's happened when switching from football betting into horse betting and not understanding that the chances of winning are calculated completely differently. Guess I've been fairly fortunate but also never had a desire to gamble at any higher levels because the risk is not worth the reward to me.

decodx

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No doubt, the worst day in the life of a gambler is when he is losing, and the bigger his losses are the more difficult he takes it. For me losing my $2000 bank roll was the worst day of my gambling life. But analyzing it also helped me realize that I had made a few mistakes and my biggest mistake (total action) cost me 50% of my bankroll on that day. So, if you are going to play or attempt to beat the casinos, make sure you are disciplined and do not increase your bet when you are chasing your losses. That's the most costly mistake I made with my bankroll.

erep

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Quote from: coinerer on September 27, 2022, 11:57:23 AM

Usually gamble should be conducted by a certain amount of money that they can lose. But if someone forgets this basic idea and gambles with the hope of profit, then he can face a worst day any time. If one can do money management in gambling then good results can come to some extent. Naturally gambling depends entirely on luck so any kind of worst situation can be imposed on a gambler.

You are right, that the basic rules of gamblers determine the minimum amount of money to use in gambling so that we are not burdened with thoughts even the psychological effects of losing from gambling, another rule we only enjoy gambling for entertainment and do not collect high profits. I think the OP should consider not using school fees to gamble and he's still a teenager better focus on education, it's not advisable to approach the gambling environment area although I don't know about your state's regulations for age restrictions of gamblers.

Smartvirus

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Quote from: madnessteat on September 27, 2022, 09:58:50 AM

My worst gambling-related day was the day I lost about two months' salary in an hour. I played Martingale then and didn't calculate the initial bet, which led to the fact that after several consecutive losses I simply had no money left.

This situation allowed me to gain precious experience that will be with me for the rest of my life.

If you actually learned from ot then, the lose has profited you in some way. In a way that you know when to draw the line and be sure to keep to it. You try not to compromise and you would be good otherwise, it won't be your last time loosing a 2 month salary in an hour, now that's painful you know. A hard earned 2 months and worst if you've got family that are hoping on that money.

Gambling can be really tricky and that's why it's best played by matured minds and not just adults by age. Too bad the online restriction relies on you just clicking I'm over 18 and we can't place a line on maturity/discipline.

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Quote from: coinerer on September 27, 2022, 11:57:23 AM

Usually gamble should be conducted by a certain amount of money that they can lose. But if someone forgets this basic idea and gambles with the hope of profit, then he can face a worst day any time. If one can do money management in gambling then good results can come to some extent. Naturally gambling depends entirely on luck so any kind of worst situation can be imposed on a gambler.

novice gamblers just want to make a profit without knowing they are entering a dangerous area. They use the money they still need for other purposes and want to make a profit on the first try. This is indeed a bad start, because beginners like this will only deposit their money for the bookie and there will be no return. regarding financial management on gambling, of course, it must be done because there is an allocation of money for gambling and it must not exceed that allocation and that is a rule that must not be violated. luck will only come when they do not experience any burden and can still think that defeat will also come, they must be prepared.

348Judah

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Quote from: madnessteat on September 27, 2022, 09:58:50 AM

My worst gambling-related day was the day I lost about two months' salary in an hour. I played Martingale then and didn't calculate the initial bet, which led to the fact that after several consecutive losses I simply had no money left.

This situation allowed me to gain precious experience that will be with me for the rest of my life.

No any worst day in gambler's life than when he make some loss but not only an ordinary one bit a big and huge one whicg serve a blow on the face, now not even the loss that actually matters most but using the money not meant for you in your disposal to gamble big and loss everything, going back home will be the worst fierst condition to take a step going back home because nothing left to meet at home while the casino have enjoyed eating or taking away all the money away from you, one willl feel like giving the casino an attack to take back his money might even cause trouble at the casino hiuse just because of vexation but all comes to naught because what's gone cannot be recovered as at the moment, crying with great regret becomes inevitable for the gambler and taking a step back home becomes difficult as well Grin

Boristhecat

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Quote from: madnessteat on September 27, 2022, 09:58:50 AM

My worst gambling-related day was the day I lost about two months' salary in an hour. I played Martingale then and didn't calculate the initial bet, which led to the fact that after several consecutive losses I simply had no money left.

This situation allowed me to gain precious experience that will be with me for the rest of my life.

Generally agree with you and a few pages earlier I described a similar experience that happened to me.
But what does it mean not calculated the initial bet? Whatever initial bet you come up with, sooner or later it would turn out that your deposit would run out. Martingale always works like this.

Cling18

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Quote from: Razmirraz on September 27, 2022, 10:40:35 AM

Make your worst experience in gambling the most valuable lesson in your life. Nothing forbids you from gambling at a young age, the important thing is that the money used to gamble does not cause new problems later in life. When you profit from a bet you should be able to think more realistically or when you start losing in a few rounds you immediately stop to avoid a bigger loss.
This is human nature, when you make a profit you want to get more, but when you lose, you will continue to bet in the hope of getting back the money that has been spent. Remember, gambling should prioritize common sense, not lust.

Our worst experience will be our best teacher. For sure, you will not learn your lesson if you haven't been through that kind of situation but the good thing is, you survived and were able to face that experience bravely. We've all been through a bad day in gambling because not every day could be lucky for us. Some of us have been scammed while others used their borrowed funds and lost them and some gamblers also used the money that is intended to use for other things, all those things happen because of putting all our hope in gambling which for me is a wrong mindset. We should always keep in mind that gambling has a huge risk of losing everything we have.

coinerer

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Usually gamble should be conducted by a certain amount of money that they can lose. But if someone forgets this basic idea and gambles with the hope of profit, then he can face a worst day any time. If one can do money management in gambling then good results can come to some extent. Naturally gambling depends entirely on luck so any kind of worst situation can be imposed on a gambler.

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Make your worst experience in gambling the most valuable lesson in your life. Nothing forbids you from gambling at a young age, the important thing is that the money used to gamble does not cause new problems later in life. When you profit from a bet you should be able to think more realistically or when you start losing in a few rounds you immediately stop to avoid a bigger loss.
This is human nature, when you make a profit you want to get more, but when you lose, you will continue to bet in the hope of getting back the money that has been spent. Remember, gambling should prioritize common sense, not lust.

Fundamentals Of

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Quote from: madnessteat on September 27, 2022, 09:58:50 AM

My worst gambling-related day was the day I lost about two months' salary in an hour. I played Martingale then and didn't calculate the initial bet, which led to the fact that after several consecutive losses I simply had no money left.

This situation allowed me to gain precious experience that will be with me for the rest of my life.

I also had been victimized by the promise of Martingale many times. For me the most painful part of doing Martingale is when your remaining funds are already small enough that you cannot anymore double your next bet. This has been a common experience to many gamblers. What makes it particularly painful is that your desire to recover your losses will have to stop. You have no choice left but to accept that you need to go back to step 1. I usually feel lazy and unexcited when this point comes.

Daltonik

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Any day spent gambling in an online casino can be the worst for you if you have a sufficient amount of funds available to you and a desire to win, especially to try to win back lost bets, you need to be very careful with this.

madnessteat

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My worst gambling-related day was the day I lost about two months' salary in an hour. I played Martingale then and didn't calculate the initial bet, which led to the fact that after several consecutive losses I simply had no money left.

This situation allowed me to gain precious experience that will be with me for the rest of my life.

aioc

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Quote from: Frankolala on September 25, 2022, 03:59:33 PM

How about you do you had a worst day on gambling that you will never forget ?Did it affect an aspect of your life and how ?

It's always worst when you are playing with money that you can afford to lose and you are chasing your losses, every time I do these I felt worst and I have a sleeplessness night and I have to cover or pay the price of the money that I use for these two situations as much as possible under any circumstances don't use money allocated for something important, and when you lose it don't chase it, you'll likely suffer from a mental breakdown.

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Quote from: TopTort777 on September 27, 2022, 05:40:06 AM

Recently we had a topic here, where guy lost his college money or money to cover credit in one night by repeatedly increasing his bet while trying to win bank. We have such great topic here, such a valuable experience, and people still screw up...

The problem is that this is the experience of other people and everyone thinks that it will not affect him. I also know a similar story when a guy's mother sent a good amount of money to close his debts, and instead he lost them in one day. In the end, he repaid these debts himself, but stretched it out for half a year and now he is holding on, but who knows if this was a good lesson for him, or he may continue to do it again in the future.

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Quote from: Pierre 2 on September 27, 2022, 03:52:54 AM

Many times I heard bad stories about gambling experiences of people who are in need of money. Most of these stories are about people who are hard to satisfy honestly. We should never forget resources in world are limited and you can't win everything. I suggest people to gamble with low share of their wealth or wage and always consider quitting at one point even if you keep losing. Losing is part of gambling experience you should understand this clearly.

The problem is that is very easy to quit when you start gambling and you always lose,there is no incentive in order for you to continue,some people want to get their money back and they lose even more and become addicted but the majority of people when starting only with loses I have seen they have been able to easy quit.

The real problem is when you start gambling and you hit a couple of big wins in the beginning.After that even if a person loses he reminds himself of the big wins he got and that he hopes he will get even more big wins than those if he continues playing,this brings a lot of addiction to many people unfortunately and this also bring a lot of "worst" days in gambling.

TopTort777

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OP you should really reconsider your gambling addiction, as this is not the first time you are in real danger of it. In addition you have been posting about addiction, so you know that problem. Seriously, go visit a specialist, or you will end badly.

Recently we had a topic here, where guy lost his college money or money to cover credit in one night by repeatedly increasing his bet while trying to win bank. We have such great topic here, such a valuable experience, and people still screw up...

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Quote from: Biscutard on September 27, 2022, 04:35:03 AM

Quote from: Pierre 2 on September 27, 2022, 03:52:54 AM

Many times I heard bad stories about gambling experiences of people who are in need of money. Most of these stories are about people who are hard to satisfy honestly. We should never forget resources in world are limited and you can't win everything. I suggest people to gamble with low share of their wealth or wage and always consider quitting at one point even if you keep losing. Losing is part of gambling experience you should understand this clearly.

This are the things some people that gambles failed to realize. Gambling is fun but only gamble with enough money that will not make you put in a misery once you lost it.

allocating enough money is intended for fun , but once you more more in this ? then that is already what we can call irresponsible gambling.

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Just like in trading, invest or put money on it which you can afford to lose.

this is why I stand the same in gambling and trading because on both we can lose if we dont use our brain and heart.

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Gambling stories are full of losses because the reality of it is only the casinos are the real winners. Gamblers constantly lossing their money once they losses control of their expenditures regarding the gambling activities.

casino will always win but if we knew how to deal with it? then we can be save from other losses .

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Quote from: Sithara007 on September 26, 2022, 11:39:40 PM

Fortunately for you, the losses were affordable. I know a number of cases where the individual lost his entire life savings with a few hours of gambling. And I have heard about people committing suicide due to mounting debts from gambling. All of us make mistakes and you should consider yourself lucky that this one didn't hard much of a long term impact on you. We learn only from our mistakes. Although I never lost big amounts in gambling, a decade or so ago I lost lots of money in online ponzi schemes and scams. But I have moved on and learnt from my mistakes.

The losses aren't affordable, there is no way he will graduate with his colleagues. The academy is time, he has to wait for another semester to rewrite those papers again and of course, find a means to raise the money to pay back the school fees.
Why take a life because you lost money, that is the last thing I will ever do because as they say, you only live once, and money may be revived but once a life is lost, there is no other way to wake the dead, therefore everyone should use caution while gambling.

Topic: My worst day in gambling - page 10. (Read 2958 times)