How come he lost everything one day? Do most of the gamblers lose money in such way?
That's a huge loss from your friend he has it already in his hand but never did a responsible way to manage the risk. Though I am not in the position to speak it on him I think this is a valuable lesson to those who already has the fortune yet just gone in a day out of greediness. Not all gamblers are that kind you can look up those who are successful in gambling and how they get there. 
Topic: Why most gamblers can never hold onto big bag? - page 11. (Read 1916 times)
I have one friend who used to play dice in stake.com, he started with a very small fund ($100), out of that money, he managed to have a balance of 24 ETH at some point but unlucky guy lost everything in one day. Once again, with the bonus he got from stake, he managed to cross 30 ETH within less than a month but yesterday, he lost everything once again.
How come he lost everything one day? Do most of the gamblers lose money in such way?
How come he lost everything one day? Do most of the gamblers lose money in such way?
He does not know how and when to stop, if you don't have it then you are in a tough luck, you must know your limit when playing, there are a lot of gamblers who lose everything, some of them ruin their life by losing and getting a loan from loan shark and lose it all again, this is one reality of excessive gambling that people should be aware of.
I have one friend who used to play dice in stake.com, he started with a very small fund ($100), out of that money, he managed to have a balance of 24 ETH at some point but unlucky guy lost everything in one day. Once again, with the bonus he got from stake, he managed to cross 30 ETH within less than a month but yesterday, he lost everything once again.
How come he lost everything one day? Do most of the gamblers lose money in such way?
How come he lost everything one day? Do most of the gamblers lose money in such way?
He does not know how and when to stop, if you don't have it then you are in a tough luck, you must know your limit when playing, there are a lot of gamblers who lose everything, some of them ruin their life by losing and getting a loan from loan shark and lose it all again, this is one reality of excessive gambling that people should be aware of.
Do most of the gamblers lose money in such way?
No, not everyone. Only those who don't value money and/or are so addicted that it makes no difference to them if they kept those 30 ETH or lost all of it just like that. People can't find a balance, that's a big problem. There is that saying: "When the FUN stops STOP!" It is so easy buy yet so difficult.
Basically, it is normal in gambling to lose all of your profit in an instant because even you experience a win streak in gambling it is possible for you to lose all of your money. So that will be the time that gambling will push your friend to gamble again until he could get back all of his losses, that is why your friend might get greedy after experiencing those instant losses.
I have one friend who used to play dice in stake.com, he started with a very small fund ($100), out of that money, he managed to have a balance of 24 ETH at some point but unlucky guy lost everything in one day. Once again, with the bonus he got from stake, he managed to cross 30 ETH within less than a month but yesterday, he lost everything once again.
How come he lost everything one day? Do most of the gamblers lose money in such way?
How come he lost everything one day? Do most of the gamblers lose money in such way?
Yes many gambler lose that way one way or another, this is one of the reason why I never counting my winning or losing i will be disappointed to find out that I loss more than I won, it's just prove that it's not your lucky day every night and there's a chance that you can lose everything in one night, or you will be lucky in winning big money in one night.
That's a sad story. Have you asked your friend how did he ended up losing all of it within a day?
I don't know, nor I did ask. He used to share me his winnings and balance all the time. Yesterday, he lost everything, at a row. It's really sad. It was a huge amount, losing such a fund within one day is a big one. I never did such gamble at a row, never won such huge amount nor lost. legendary
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Though I am not a gambler I am not also experienced in it, I want to say that this called gamble. Some time rich sometimes helpless. And maybe your friend is highly addicted to the gamble. If not he thought about his capital/profit. It also happens when a gambler becomes very angry after loss some bet and thinks I very will win this game today. Thus he makes bet bigger to the biggest amount and loss everything in a short time. 
That's a sad story. Have you asked your friend how did he ended up losing all of it within a day? I guess it's another emotional scenario which he was triggered by the losses that he made and then didn't care anymore with the remaining profit that he made.
In short, he played YOLO.
In short, he played YOLO.
I have one friend who used to play dice in stake.com, he started with a very small fund ($100), out of that money, he managed to have a balance of 24 ETH at some point but unlucky guy lost everything in one day. Once again, with the bonus he got from stake, he managed to cross 30 ETH within less than a month but yesterday, he lost everything once again.
How come he lost everything one day? Do most of the gamblers lose money in such way?
How come he lost everything one day? Do most of the gamblers lose money in such way?
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