Should I try to win back my loss? - page 18.

fiomcorka

sr. member

Activity: 496

Merit: 254

Quote from: rickadone on October 23, 2017, 02:47:11 PM

Quote from: JL421 on October 22, 2017, 11:50:49 AM

No you shouldn't try to recover your loss would mean you are addicted to gambling or on a brick to get addicted to it. If you want to save yourself now and in the future don't try to recover your loss you will lose lot more than you would gain

I will suggest him the same because all those who returned to gambling in order to recover their losses, they lost further more or got addicted to the evil game. This a game of devils and you never should try to get back to this game if once decided to stay away from this.

There are many other ways of making your money that you lost but if you really don’t want to lose any more, don’t return to gambling.

Absolutely there are hundreds of the methods with which you can earn money. No matter what have you done in the past, still there are bright chances for making all this fine. Get away from this harm game that affects you badly in terms on money, energy, valuables, family and much more. Be good, do well and keep yourself indulged in right and good ways of earning money.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: oHnK on October 24, 2017, 02:35:28 PM

Quote from: Altas on October 24, 2017, 03:42:26 AM

Trying to win back the loss is good, but here too one needs to fix the target and limitations. If that's not effective, automatically in the name of recovering the loss the user keeps on spending big ending up in loss. The same might end up the users interest over gambling.

Some people dont have target at all that is why they are ready to lose everything. Sometimes people like that is going to lose alot more then what they expect . Bad things about that is they are not going to regret it at all because all they want is to win or to win back what they have lose. For me that is very frustating for someone to lose alot of money

if this is happen to me, i am not try to win back my loss because i know its really difficult and i think i don't have a chance to do this. beside that, if i depend with my skills then i know i am not good in gambling games so i think i will let it go and its better to stop for playing gambling. but i am curious about gamblers that still trying to win back their loss, how long they can recover it but i guess they loss is too much than their win back money.

oHnK

hero member

Activity: 1414

Merit: 574

Quote from: Altas on October 24, 2017, 03:42:26 AM

Trying to win back the loss is good, but here too one needs to fix the target and limitations. If that's not effective, automatically in the name of recovering the loss the user keeps on spending big ending up in loss. The same might end up the users interest over gambling.

Some people dont have target at all that is why they are ready to lose everything. Sometimes people like that is going to lose alot more then what they expect . Bad things about that is they are not going to regret it at all because all they want is to win or to win back what they have lose. For me that is very frustating for someone to lose alot of money

cjmoles

legendary

Activity: 1176

Merit: 1017

Quote from: iluvbitcoins on October 24, 2017, 01:15:44 PM

Quote from: shalnark on October 24, 2017, 09:25:57 AM

It seems your lucky day sir, I never heard that any games that if you bet 0.00001 will turns into 1 what games are you playing? and share us your secret to make us lucky too like you. Congrats sir

https://en.wikipedia.org/wiki/Martingale_(betting_system)

It's called Martingale

It's a system where you place bets at odds 2.0 or simmilar and each time you lose, you double your bet in order to recover your losses

So, if your starting bet is 0.001BTC and you lose, in order to recover that loss, you place a 0.002BTC bet, now you've won 0.004BTC and are in overall profit

Sounds good in theory, since the odds of getting 20 reds in a row are around 1 in a million
You place a lot of bets and with each bet placed odds of rolling that 20 red strike are higher and higher, until it eventually happens
And when it does, results are catastrophic
Imagine your bet was 0.001

Bet 1 - 0.001
Bet 2 - 0.002
Bet 3 - 0.004
Bet 4 - 0.008
Bet 5- 0.016
Bet 6- 0.032
Bet 7- 0.064
Bet 8 - 0.128
Bet 9 - 0.256
Bet 10 - 0.512
Bet 11- 1.024
Bet 12 - 2.048
Bet 13- 4.096
Bet 14- 8. 192
Bet 15- 16.384
Bet 16 - 32.768
Bet 17 - 65.536
Bet 18 - 131.072
Bet 19 - 262.144
Bet 20 - 524.288

And you lost a 1000BTC
You don't even have to do 20, you can do 15, I got 16 reds then deposited more to roll 30% of the new deposit and got 17 new reds
Shit happens, stay away from Martingale Cheesy

Best advice ever. I think that Martingale, and its derivatives, ruin more people's bankrolls than any other system. It attracts inexperienced gamblers because it seems intuitively safe; however, there's a lot more going on there than can be explained in simple terms. Variance ---> it's NOT the same on all the different dice sites. The larger the range of possible outcomes, the larger the variance....the larger the variance, the easier it is to realize an unfavorable sequence of outcomes ---> pay attention ---> do the math ---> learn the Kelly bankroll strategy.

crazycatwoman03

sr. member

Activity: 588

Merit: 250

Quote from: joebrook on October 24, 2017, 01:46:15 AM

I advice that that you give yourself a small break before you make any further mistake, by trying to win back the money that you have lost, you are going to loss an even huge amount and sure that you wouldn't want to go more in debt because you are always trying to win back the money you lost.

Most likely, by trying to win back what is already loss will only make it worst. Yes it is possible that he will even have a bigger problem like another big loss resulting to multiple debts. Another situation is that it is also possible for that person to be addicted in playing gambling which will sure make the problem, bigger and harder to solve.

It will be better if after that big loss, he will not try to win it back to avoid making the problem more complicated.

iluvbitcoins

legendary

Activity: 2198

Merit: 1150

Freedom&Honor

Quote from: shalnark on October 24, 2017, 09:25:57 AM

It seems your lucky day sir, I never heard that any games that if you bet 0.00001 will turns into 1 what games are you playing? and share us your secret to make us lucky too like you. Congrats sir

https://en.wikipedia.org/wiki/Martingale_(betting_system)

It's called Martingale

It's a system where you place bets at odds 2.0 or simmilar and each time you lose, you double your bet in order to recover your losses

So, if your starting bet is 0.001BTC and you lose, in order to recover that loss, you place a 0.002BTC bet, now you've won 0.004BTC and are in overall profit

Sounds good in theory, since the odds of getting 20 reds in a row are around 1 in a million
You place a lot of bets and with each bet placed odds of rolling that 20 red strike are higher and higher, until it eventually happens
And when it does, results are catastrophic
Imagine your bet was 0.001

Bet 1 - 0.001
Bet 2 - 0.002
Bet 3 - 0.004
Bet 4 - 0.008
Bet 5- 0.016
Bet 6- 0.032
Bet 7- 0.064
Bet 8 - 0.128
Bet 9 - 0.256
Bet 10 - 0.512
Bet 11- 1.024
Bet 12 - 2.048
Bet 13- 4.096
Bet 14- 8. 192
Bet 15- 16.384
Bet 16 - 32.768
Bet 17 - 65.536
Bet 18 - 131.072
Bet 19 - 262.144
Bet 20 - 524.288

And you lost a 1000BTC
You don't even have to do 20, you can do 15, I got 16 reds then deposited more to roll 30% of the new deposit and got 17 new reds
Shit happens, stay away from Martingale Cheesy

shalnark

full member

Activity: 196

Merit: 121

Quote from: iluvbitcoins on October 24, 2017, 08:53:38 AM

Quote from: BossMacko on October 23, 2017, 02:45:55 AM

Congratulation iluvbitcoins for winning back your losses. It is really risky doing martingale especially in 2x payout, highest red streak i got from that is 25+. But atleast you have the guts to try to win back in betting in sports. I was following you in your free picks in the past in your old prediction thread, I will follow you again in some time when i have spare mbits. grats again and more wins for you.

Thanks

Keep following, I'm turning a nice profit again Cheesy

Quote from: Hhampuz on October 23, 2017, 06:58:18 AM

There you go! Right in the face of everyone telling you to cut your losses and move on.. Agreed martingale can be incredibly scary and cause you to tilt but if you got enough of a bankroll it's usually fine Cheesy

.

You stopping with gambling all together or just restarting from here on?

I'm not stopping, I'll be gambling, just not Martingale
A sweet innocent 0.00001BTC bet turns into a 1BTC bet in a matter of seconds

Quote from: noormcs5 on October 23, 2017, 02:24:36 PM

I am really happy to know about it that you have won, really i feel happy, because when i saw your thread last 3 days ago, then i though he has lost the game, but unbelievable you have won. Congratulation on your surprisingly winning and it is a great achievement, but i think you get a lesson from this martingale game that's why you are not ready to play it again.

Thanks

Quote from: Barbut on October 23, 2017, 04:41:38 PM

This is a pretty high bet, I can just say congratulations like some other people and wish you more wins in the future. I like nice comebacks, to win in gambling you need to come back even after losing money. Your bankroll must be very high when you risked so much, and you said in one comment that you had in mind next bet with more then 1 btc.
To sum up great gambling story, you started with couple loses and you endured trough that and won in the end, happy ending for sure, good luck my friend in next gambling sessions.

Not that high, I was indeed taking a chance to get even, but a one time only chance
As I said, I won't risk it with Martingale EVER again, I've learned my lesson
But I've decided to risk it this time with sports, since Beneveneto has scored only 2 goals in the whole season, it's a pretty much certain game with 1.5 odds
If lost, I'd bet 1.2 BTC at 1.23 odds
If Beneveneto has 2 goals in the whole season and 1.5 odds
I imagine if I'd lose the 1.23 odds game, I'd be the fucking unluckiest person alive Cheesy

But as I said, it was a one time thing, making profit in the long run like this is impossible
Don't try this at home Cheesy

It seems your lucky day sir, I never heard that any games that if you bet 0.00001 will turns into 1 what games are you playing? and share us your secret to make us lucky too like you. Congrats sir

iluvbitcoins

legendary

Activity: 2198

Merit: 1150

Freedom&Honor

Quote from: BossMacko on October 23, 2017, 02:45:55 AM

Congratulation iluvbitcoins for winning back your losses. It is really risky doing martingale especially in 2x payout, highest red streak i got from that is 25+. But atleast you have the guts to try to win back in betting in sports. I was following you in your free picks in the past in your old prediction thread, I will follow you again in some time when i have spare mbits. grats again and more wins for you.

Thanks

Keep following, I'm turning a nice profit again Cheesy

Quote from: Hhampuz on October 23, 2017, 06:58:18 AM

There you go! Right in the face of everyone telling you to cut your losses and move on.. Agreed martingale can be incredibly scary and cause you to tilt but if you got enough of a bankroll it's usually fine Cheesy

.

You stopping with gambling all together or just restarting from here on?

I'm not stopping, I'll be gambling, just not Martingale
A sweet innocent 0.00001BTC bet turns into a 1BTC bet in a matter of seconds

Quote from: noormcs5 on October 23, 2017, 02:24:36 PM

I am really happy to know about it that you have won, really i feel happy, because when i saw your thread last 3 days ago, then i though he has lost the game, but unbelievable you have won. Congratulation on your surprisingly winning and it is a great achievement, but i think you get a lesson from this martingale game that's why you are not ready to play it again.

Thanks

Quote from: Barbut on October 23, 2017, 04:41:38 PM

This is a pretty high bet, I can just say congratulations like some other people and wish you more wins in the future. I like nice comebacks, to win in gambling you need to come back even after losing money. Your bankroll must be very high when you risked so much, and you said in one comment that you had in mind next bet with more then 1 btc.
To sum up great gambling story, you started with couple loses and you endured trough that and won in the end, happy ending for sure, good luck my friend in next gambling sessions.

Not that high, I was indeed taking a chance to get even, but a one time only chance
As I said, I won't risk it with Martingale EVER again, I've learned my lesson
But I've decided to risk it this time with sports, since Beneveneto has scored only 2 goals in the whole season, it's a pretty much certain game with 1.5 odds
If lost, I'd bet 1.2 BTC at 1.23 odds
If Beneveneto has 2 goals in the whole season and 1.5 odds
I imagine if I'd lose the 1.23 odds game, I'd be the fucking unluckiest person alive Cheesy

But as I said, it was a one time thing, making profit in the long run like this is impossible
Don't try this at home Cheesy

daringdiscovered

hero member

Activity: 700

Merit: 500

Quote from: Emoclaw on October 18, 2017, 09:26:21 AM

I personally would act on impulse and place more bets, despite that probably not being the best thing to do.
Then again it's up to you. The amount you've lost so far isn't close to that you could potentially lose.
Even though the odds of you losing those 16 bets were 0.00179%, those next bets are still 49.5%, so keep that in mind.

I suggest not to, you are just going to lose more of your money and I know that you wouldn't want that to happen, we are doing gambling to win money and not to lose money, but sadly we are losing money on it because of the house, which is the reason why the gambling sites are making huge bankroll everyday, to make the long story short, gambling is compose of more losing than winning.

Altas

full member

Activity: 366

Merit: 100

Trying to win back the loss is good, but here too one needs to fix the target and limitations. If that's not effective, automatically in the name of recovering the loss the user keeps on spending big ending up in loss. The same might end up the users interest over gambling.

zhelis74

full member

Activity: 510

Merit: 102

Quote from: noormcs5 on October 23, 2017, 02:24:36 PM

Quote from: iluvbitcoins on October 22, 2017, 12:59:37 PM

The game finished 3:0
I won

To sum up the thread
I won back my loss

http://prntscr.com/h0knoa
http://prntscr.com/h0kmme

Also, on a further note
I'll never play martingale again Cheesy

I am really happy to know about it that you have won, really i feel happy, because when i saw your thread last 3 days ago, then i though he has lost the game, but unbelievable you have won. Congratulation on your surprisingly winning and it is a great achievement, but i think you get a lesson from this martingale game that's why you are not ready to play it again.

if you loss maybe its not advisable that you always after come to win back of what you have lost because it only leads you of a wrong bet, so try to think calm down and plan it wisely, and if you can judge that your not lucky then try another moment to refresh the mine to have a good bet again

Hhampuz

legendary

Activity: 2996

Merit: 6138

Meh.

Quote from: joebrook on October 24, 2017, 01:46:15 AM

I advice that that you give yourself a small break before you make any further mistake, by trying to win back the money that you have lost, you are going to loss an even huge amount and sure that you wouldn't want to go more in debt because you are always trying to win back the money you lost.

Please.. Before you start with your signature spamming posts at least look at the latest post for the love of god?

He didn't take break, he didn't cut his losses. He kept on and he won and made back what he had lost. Everyone were saying that he should have just moved on but he didn't. Good for him and I think this thread can be locked now.

joebrook

sr. member

Activity: 644

Merit: 259

CryptoTalk.Org - Get Paid for every Post!

I advice that that you give yourself a small break before you make any further mistake, by trying to win back the money that you have lost, you are going to loss an even huge amount and sure that you wouldn't want to go more in debt because you are always trying to win back the money you lost.

cjmoles

legendary

Activity: 1176

Merit: 1017

Quote from: iluvbitcoins on October 22, 2017, 12:59:37 PM

The game finished 3:0
I won

To sum up the thread
I won back my loss

http://prntscr.com/h0knoa
http://prntscr.com/h0kmme

Also, on a further note
I'll never play martingale again Cheesy

Man....that wasn't smart. I'm glad it worked out for you, but it would have been a gut shot if you'd have lost ---> it would've hurt. Advice for the future: set limits! Do some research on bankroll management schemes, like the Kelly (https://en.wikipedia.org/wiki/Kelly_criterion), and find one you can apply stubbornly.

megynacuna

sr. member

Activity: 756

Merit: 253

Quote from: tiggytomb on October 23, 2017, 05:34:27 PM

It's always a dangerous game when you start chasing your losses, sometimes it's better to take a break and come back another day.

Precisely, i will even suggest you completely quit even to have asked yourself you just want to try and win back is a bad omen. Gambling must be played with a cool head and not trying to win back what wa lost yesterday because that way you will try to over do things even if you return after a break to gambling and that can plunge you into addiction so beware OP.

tiggytomb

legendary

Activity: 1848

Merit: 1000

It's always a dangerous game when you start chasing your losses, sometimes it's better to take a break and come back another day.

Celsiuss

full member

Activity: 266

Merit: 100

Quote from: iluvbitcoins on October 22, 2017, 12:59:37 PM

The game finished 3:0
I won

To sum up the thread
I won back my loss

http://prntscr.com/h0knoa
http://prntscr.com/h0kmme

Also, on a further note
I'll never play martingale again Cheesy

I be dammed, you were extremely lucky! Especially considering your high bet, you just got it all back in a signle bet. I've tried, and many times winning back my loss, without any luck EVERY time. I see other people make the same mistake all the time, and here you come and actually win it back. I'm glad to see you're done, but I wouldn't be surprised if you came back after some time has passed. I think most of us do Wink

But I agree, martingale is a bitch, but can also be extremely rewarding...

Barbut

hero member

Activity: 1694

Merit: 502

★Bitvest.io★ Play Plinko or Invest!

Quote from: noormcs5 on October 23, 2017, 02:24:36 PM

Quote from: iluvbitcoins on October 22, 2017, 12:59:37 PM

The game finished 3:0
I won

To sum up the thread
I won back my loss

http://prntscr.com/h0knoa
http://prntscr.com/h0kmme

Also, on a further note
I'll never play martingale again Cheesy

I am really happy to know about it that you have won, really i feel happy, because when i saw your thread last 3 days ago, then i though he has lost the game, but unbelievable you have won. Congratulation on your surprisingly winning and it is a great achievement, but i think you get a lesson from this martingale game that's why you are not ready to play it again.

This is a pretty high bet, I can just say congratulations like some other people and wish you more wins in the future. I like nice comebacks, to win in gambling you need to come back even after losing money. Your bankroll must be very high when you risked so much, and you said in one comment that you had in mind next bet with more then 1 btc.
To sum up great gambling story, you started with couple loses and you endured trough that and won in the end, happy ending for sure, good luck my friend in next gambling sessions.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: JL421 on October 22, 2017, 11:50:49 AM

No you shouldn't try to recover your loss would mean you are addicted to gambling or on a brick to get addicted to it. If you want to save yourself now and in the future don't try to recover your loss you will lose lot more than you would gain

I will suggest him the same because all those who returned to gambling in order to recover their losses, they lost further more or got addicted to the evil game. This a game of devils and you never should try to get back to this game if once decided to stay away from this.

There are many other ways of making your money that you lost but if you really don’t want to lose any more, don’t return to gambling.

noormcs5

hero member

Activity: 2758

Merit: 617

Leading Crypto Sports Betting & Casino Platform

Quote from: iluvbitcoins on October 22, 2017, 12:59:37 PM

The game finished 3:0
I won

To sum up the thread
I won back my loss

http://prntscr.com/h0knoa
http://prntscr.com/h0kmme

Also, on a further note
I'll never play martingale again Cheesy

I am really happy to know about it that you have won, really i feel happy, because when i saw your thread last 3 days ago, then i though he has lost the game, but unbelievable you have won. Congratulation on your surprisingly winning and it is a great achievement, but i think you get a lesson from this martingale game that's why you are not ready to play it again.

Topic: Should I try to win back my loss? - page 18. (Read 4056 times)