True but its also a matter of not becoming greedy.
If you make $500,000 profits on sport betting you must collect your winnings and start with a 25k balance again or something like that. Im betting on sports as well. I am using valuebetting software and strategy. I am already happy making a consistent average of 25-50$ profits on a daily basis. But I know that I do not withdraw and increase my bets I will end up loosing everything. 1 downstreak is enough to chase losses and at the end end up in loss.
Topic: This person made $500,000 with gambling and lost it all within 60 seconds! - page 8. (Read 14126 times)
November 18, 2018, 09:37:25 AM
November 18, 2018, 09:11:02 AM
The story is from about almost 5 years ago but this is 100% relevant to 2018 or 2019 or many years to come, you can read it here:
https://www.reddit.com/r/IAmA/comments/1ch7wb/starting_with_almost_nothing_i_made_almost_500000/
In short version, he gambled on Bitcoin, made $500,000 - and lost it all later on, he then continued to gamble in Roulette and other games, and ended up with $50,000 in debt.
By the way,
This is not only related to Bitcoin or Casino Games - if you think Sports betting is different think twice after reading this:
https://www.psychforums.com/gambling-addiction/topic182379.html
This person lost over $300,000 within 48 hours, all because of sports betting, he had bets on tennis, basketball, soccer - you name it.
And there are many more stories to read such as this:
https://www.reddit.com/r/problemgambling/comments/4pzgmu/i_just_lost_140000_in_5_minutes/
Moral of the story - you can never be rich with gambling, and even if you end up being "rich" - you would lose the whole lot in no time ... only the house wins because the house has an edge.
https://www.reddit.com/r/IAmA/comments/1ch7wb/starting_with_almost_nothing_i_made_almost_500000/
In short version, he gambled on Bitcoin, made $500,000 - and lost it all later on, he then continued to gamble in Roulette and other games, and ended up with $50,000 in debt.
By the way,
This is not only related to Bitcoin or Casino Games - if you think Sports betting is different think twice after reading this:
https://www.psychforums.com/gambling-addiction/topic182379.html
This person lost over $300,000 within 48 hours, all because of sports betting, he had bets on tennis, basketball, soccer - you name it.
And there are many more stories to read such as this:
https://www.reddit.com/r/problemgambling/comments/4pzgmu/i_just_lost_140000_in_5_minutes/
Moral of the story - you can never be rich with gambling, and even if you end up being "rich" - you would lose the whole lot in no time ... only the house wins because the house has an edge.
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