Topic: Why most gamblers can never hold onto big bag? - page 6. (Read 1862 times)
The emotional issue may be the reason why your friend loss everything in a glance. Gamblers have a tendency of betting a higher amount when they won on the first round but will end up losing everything because it is also our nature to bounce back when we lose the first time. Some gamblers have the instinct to know if it is their lucky day or not and that instinct your friend doesn't have.
To lose that amount isn't an unusual thing when you are not controlling your emotions.
And I feel he tries to recover his losses and probably doubled his bet for the sake but something unlucky to him and just lost everything he has.
He is really frustrated for sure and makes him out of his mind. If we all like him, nothing to expect a good result either but losses. It wasn't a good idea to double our bet and exceed our limits, that is why we should have to control ourself otherwise we got nothing in the end.
And I feel he tries to recover his losses and probably doubled his bet for the sake but something unlucky to him and just lost everything he has.
He is really frustrated for sure and makes him out of his mind. If we all like him, nothing to expect a good result either but losses. It wasn't a good idea to double our bet and exceed our limits, that is why we should have to control ourself otherwise we got nothing in the end.
Well I had the same before. Just win big in a short time and didn't stop on time or redeposit the winnings a day later and bust all.
To prevent that I am using paper wallets to where I transfer a part of the winnings. This prevents me to easily redeposit and I will keep a big part of my winnings.
To prevent that I am using paper wallets to where I transfer a part of the winnings. This prevents me to easily redeposit and I will keep a big part of my winnings.
That is the best way we should manage our profits otherwise, we might spend that money again back to gambling. In gambling, we need not rush for money aim for a daily limit of gambling and it will surely help us to make some decent profit. I hope gambling is a risky one so we should be very careful because there is a higher chance to lose all our money.
Well I had the same before. Just win big in a short time and didn't stop on time or redeposit the winnings a day later and bust all.
To prevent that I am using paper wallets to where I transfer a part of the winnings. This prevents me to easily redeposit and I will keep a big part of my winnings.
To prevent that I am using paper wallets to where I transfer a part of the winnings. This prevents me to easily redeposit and I will keep a big part of my winnings.
Things like this happen in gambling the one thing that you should have control of in gambling is your emotion and your urge, after winning a huge amount of money there is a strong urge to come back because they believe in the saying that strike while the iron is hot but unfortunately it will not apply to gambling at all the time.
Addiction in gambling can barely give you a good return. It will make you lose everything. I have seen gambler in real life who made huge ton amount of money and lose that faster than they made it. The problem is being addicted to gambling, it makes you hungry when you win but that will make you poor. At the end, none if the gambler can make big amount, gambler mean who are addicted.
How come he lost everything one day? Do most of the gamblers lose money in such way?
That's the nature of gambling and people enjoying this activity
In more mundane terms, the gambling folk in general are predisposed for and susceptible to losses as well as losing all in the end for two major reasons. First, they are not rational. Well, they can be quite rational people outside gambling but as far as gambling is concerned, they become irrational beyond what you would expect of those engaged in this activity. In other words, you wouldn't really expect a frugal and judicious person to gamble in the first place
Then, let's multiply that by the effect a win big produces, which seems to be the case you write about. When you win big time hitting what is known as lucky streak, you easily get carried away losing whatever self-control and discipline you might have (which you typically don't). As I said elsewhere, it is not losses as such that make you cry, but big wins which you fail to grab and run away with in time without looking back, ever (I've been there)
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?
The reason why we should limit ourselves when we are gambling your friend already have a great profit but due to being greedy he loss it all.How come he lost everything one day? Do most of the gamblers lose money in such way?
I don't know why there are some who wouldn't take out their money once they already won in gambling it would only be a small transaction fee to do it.
If your friend have done that then I think he would still have a great profit on his hand not to mention the second time that he actually pull another huge profit.
The way I see it he believes in his gambling skill and wants to get more even if he already have a huge profit on his hands.
My question is does his friend wanted to enjoy gambling games or just wanna make some money from it?
I assume his friend didn't enjoy the gambling games but trying to dream earning more money from gambling. If he just enjoyed the games and not obsessed with winning and bigger amount of money, I bet he won't lose all their money one day only. That's a learning for all of us to not obsessed with winning and better to think realistically. Once you think to force yourself to win more, then it is the beginning of you for more losses. 
OP's friend did twice lesson from his losses, so we hope that he is not making the next mistake because he already made it before. If he cannot hold himself and say that is enough for him to playing gambling with the big winning, he must quit gambling right away. I agree that OP's friend could be obsessed to make bigger money from that game because he succeeded to make a large amount of winning. Unfortunately, the money was back to the house, and he is not making any money at all after his winning. It is hard to win, but it is easy to lose.
My question is does his friend wanted to enjoy gambling games or just wanna make some money from it?
I assume his friend didn't enjoy the gambling games but trying to dream earning more money from gambling. If he just enjoyed the games and not obsessed with winning and bigger amount of money, I bet he won't lose all their money one day only. That's a learning for all of us to not obsessed with winning and better to think realistically. Once you think to force yourself to win more, then it is the beginning of you for more 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?
Did he was using martingala? If he was using it, losing it all is pretty common.
Unfortunately, your friend doesn't have control which is common among gambling folks anyway, not that it's something special.
If I win such a huge amount, I would immediately withdraw and do some baby dips every now and then. I never chased losses with such a huge amount. Instead, I call it a day and play next week, or few weeks after that, just so I won't think of the losses I have incurred that will trigger me to bet insanely without regards to my current bankroll.
True story or not, we know that these things happen on the daily, and there's a thing or two that we can pick up from here.
well I often do as much as possible if my capital to gamble has returned then I will immediately make a withdrawal and use the proceeds from gambling profits to gamble again so that the capital I use is safe and gambling without using personal money. because usually more severe website creator will provide a secret feature where he can find out the most balance and can immediately to provide any means to drain his balance by making himself lose. If I win such a huge amount, I would immediately withdraw and do some baby dips every now and then. I never chased losses with such a huge amount. Instead, I call it a day and play next week, or few weeks after that, just so I won't think of the losses I have incurred that will trigger me to bet insanely without regards to my current bankroll.
True story or not, we know that these things happen on the daily, and there's a thing or two that we can pick up from here.
Unfortunately, your friend doesn't have control which is common among gambling folks anyway, not that it's something special.
If I win such a huge amount, I would immediately withdraw and do some baby dips every now and then. I never chased losses with such a huge amount. Instead, I call it a day and play next week, or few weeks after that, just so I won't think of the losses I have incurred that will trigger me to bet insanely without regards to my current bankroll.
True story or not, we know that these things happen on the daily, and there's a thing or two that we can pick up from here.
If I win such a huge amount, I would immediately withdraw and do some baby dips every now and then. I never chased losses with such a huge amount. Instead, I call it a day and play next week, or few weeks after that, just so I won't think of the losses I have incurred that will trigger me to bet insanely without regards to my current bankroll.
True story or not, we know that these things happen on the daily, and there's a thing or two that we can pick up from here.
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?
It looks like your friend is addicted to gambling, so obviously, the answer is Yes.
Most addicted gamblers can't control themselves, their judgement is clouded and they always think that they can bring the house down and will continue to gamble until there's no money left with them. So it will be cyclical, there are days that his going to win big amount, but most likely the next day everything will be gone in a blink of an eye.
Well if you have to read between the lines, he had at one point in time turn $100-> 24 ETH, if he is just enjoying the game then he would have exited and take that winning and enjoy. And then again, eh cross 30 ETH and lost. So obviously this guy what you call a classic definition of a pathological and addicted gambler, no question about it. He doesn't have the control or the mentality to quit when all those money in his wallet.
We do only read a few about people who do able to get out and buy up important things into their gambling winnings and thats how the reality works
into this industry.
Its common imho for people to commit the same mistake and when they do realize that they dont have nothing left then thats the time they would
stop which is totally wrong and should've done it earlier if they are really trying to seek out for profits.
To be honest, this story does not seem real to me. To rise to such a significant amount from a small rate twice ... this rarely happens.
But if this is true, then the explanation is simple: this is a standard event with easy money. Easy come, easy go. Apparently he did not take this win seriously, so he easily lost it.
But if this is true, then the explanation is simple: this is a standard event with easy money. Easy come, easy go. Apparently he did not take this win seriously, so he easily lost it.
This story is on the border between reality and fiction, I agree with you about that KTCChampions. It's not
impossible for some people to make a lot of money with gambling, and in wish to make more, like they have
a lucky row they risk more and more until they lose everything. I think that happened to everyone who gamble,
to win something and lose everything after some time.
I have similar stories from my early days of gambling, with not with so big amounts. This story is extraordinary
because a lot of money is involved, but situation as it is happens to every gambler once in a while.
its nice to see that someone can make that huge sums in a just a simple dice game . when i play dice i can never get so far because if i do i will only loose so i stop once i hit twice or thrice streak .
100 usd is not a verry small fund to most of us but it might be small to him so why does he dont stop when he already earnt alot ? earning big profit from small capital is something that i will treasure so i avoid to loose it because i put alot of hard work and effort to pull that plus its not something that i can do most of the time
100 usd is not a verry small fund to most of us but it might be small to him so why does he dont stop when he already earnt alot ? earning big profit from small capital is something that i will treasure so i avoid to loose it because i put alot of hard work and effort to pull that plus its not something that i can do most of the time
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?
That's a big loss in just a day, Maybe he lost track of it, I guess he has goals to multiple his investments in gambling every day and his trying hard always to get that goal and that end up losing all of his funds.
Maybe he might easily save that money if he could control his emotion or be discipline if he put a goal to reach daily he might just put a limit on how much he could only lose daily to avoid this. But we can't really blame him gambling was always risky and depend on luck for sure he's already aware of that
To be honest, this story does not seem real to me. To rise to such a significant amount from a small rate twice ... this rarely happens.
But if this is true, then the explanation is simple: this is a standard event with easy money. Easy come, easy go. Apparently he did not take this win seriously, so he easily lost it.
But if this is true, then the explanation is simple: this is a standard event with easy money. Easy come, easy go. Apparently he did not take this win seriously, so he easily lost it.
I personally have a limit for how much I lose and how much I win. I put in a set amount of money to play, and if thats over I do not play anymore, the money I deposit is the money I will play that session, if thats gone I will not play anymore at all. The other side is if I made x2 of what I deposited, I will stop, I will withdraw the half that I played for another day and just stop for that day.
With this method if I lose I lose what I know I would lose, if I win x2, that means 2 more days of playing like that, it really just gives me a great chance, I will never make x30 profit in gambling ever, I know that and I know there is a chance of me making that much money and I am missing out on that, however there is also no chance to lose that much neither so it works out for the better.
Shouldn't it depend on how rich a person is? A very wealthy person could lose 30 eth and wouldn't even feel it, that would basically be his chump change for spending time during virus pandemic going around so they just stay at home and spend 30 eth a day to have fun, there are rich people who can afford to do that. However if you are not rich and 30 eth is a lot of money to you, and you still gamble it away, that is greed.
Now some people might say, when is the line? That person made 100 dollars into 24 eth, he started losing at 24 eth, and ended up at zero, how could he have known 24 eth would be the end, how could he have known 25 wouldn't happen, if he stopped at 20 eth that would be less because he missed out on 4 extra, so where do you know when to stop. Well the answer is when you start losing, do not stop at 20, do not even stop at 24, stop when your 24 becomes 20.
Now some people might say, when is the line? That person made 100 dollars into 24 eth, he started losing at 24 eth, and ended up at zero, how could he have known 24 eth would be the end, how could he have known 25 wouldn't happen, if he stopped at 20 eth that would be less because he missed out on 4 extra, so where do you know when to stop. Well the answer is when you start losing, do not stop at 20, do not even stop at 24, stop when your 24 becomes 20.
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