Why most gamblers can never hold onto big bag? - page 8.

Finestream

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Quote from: RapTarX on April 25, 2020, 09:25:44 AM

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.

He got lucky, your friend played dice and with luck, you can easily turn a small money into something,.. good for him but he need to learn more on how to manage himself, sometimes greediness will turn our effort into nothing, even if we are lucky at some point.

Quote from: RapTarX on April 25, 2020, 09:25:44 AM

How come he lost everything one day? Do most of the gamblers lose money in such way?

That's because he is not discipline as a gambler, he should learn how to limit himself, losing everything is like getting your business bankrupt that you build with all your effort and made it successful.

What happen to your friend is a good example on why gambling is called a high risk activity.

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Quote from: RapTarX on April 25, 2020, 09:25:44 AM

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?

At the height of my gambling addiction, I had the same experience with your friend, although I played on a land based casino that time. My initial fund was the same around $100 and in less than 30 minutes makes in 10x, but I still didn't stop until I got busted. Played the next day, got another huge win, this time I go home and take a rest. The next day goes and wanted more, but eventually lost. I will say that average gamblers won't go that route, but for those addicted like me back then, it is really hard to control.

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Quote from: btc_angela on April 26, 2020, 06:09:54 PM

Quote from: RapTarX on April 25, 2020, 09:25:44 AM

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?

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.

My question is does his friend wanted to enjoy gambling games or just wanna make some money from it? This question depends only on what does OP's friend wants but obviously his friend is really addicted to gambling because it can't seem to control the urge to lose everything in just one day. Perhaps OP should tell his friend to bring money only that he can afford to lose because you obviously know what will going to happen next.

btc_angela

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Quote from: RapTarX on April 25, 2020, 09:25:44 AM

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?

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.

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Quote from: RapTarX on April 25, 2020, 09:25:44 AM

How come he lost everything one day?

It is not a surprising thing, buddy. There are too many gamblers experiencing the same situation. Losing all funds in a single day is very possible if you never limit your money to gamble. That's why it is very important to have limitation or control in gambling. If you don't want losing everything in a single day only, you must limit your funds and force to stop once the funds for that day is over already.

Quote from: RapTarX on April 25, 2020, 09:25:44 AM

Do most of the gamblers lose money in such way?

I don't know since I don't read any research or data about it. I think every gambler possibly has different case and losing money in their own way. So, it is quite hard to say most of them losing money in a such way (the same as your friend did).

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Quote from: Becky666 on April 26, 2020, 02:25:15 PM

Quote from: RapTarX on April 25, 2020, 09:25:44 AM

How come he lost everything one day? Do most of the gamblers lose money in such way?

Oh, another greedy fellow who fell again. This is a clear symptom of greediness on the part of the gambler, anyone of then who don't take profit whenever signs are clearly shown during gambling will surely loss their winnings to platforms{gambling}. He or she{Victim} wanted to make more huge profits before he signs out but unfortunately he ran into Waterloo in the process. Stop be greedy gamblers; this has affected 95% of gamblers to loss when they supposed to win and be happy. As I have said, many lost inline with this gambler actions and many are still on their way to their loose if not repent from be greedy.

Greed is part of human nature thats why its really hard for it to avoided and even for us people who are aware on this one will surely still able to get pulled on by our own greed with money.Who doesnt really like on making more money? When we do won then it will surely be triggered up and thats why that kind of urge will surely be on hard to resist specially when your mind is already telling you on what would you gonna do.
In talks of holding their big bag then this wont happen most of the time because gamblers will always play no matter what happen as long they do know that they do have still money into their pockets.

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I dont think thats surprising about what your friends are doing. He can save the victory and bet on another chance. But for some gamblers I think they have their own beliefs about how they have to bet all their money in one bet. Confidence like this is usually only owned by those who have the courage and not infrequently they can also win bets in large quantities.

But for me, its good to set aside a quarter of the money in reserve if we cant win that big bet and there is a possibility that the rest of this money can bring victory to return the money that was spent before.

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Most gamblers don't lose this way because it's rare for a player to keep winning for a long time and then suddenly bet it all on one game or something like that. It's very strange that your friend did it.

I know two types of gamblers. One type is that little earner who always plays low stakes and saves up winnings. Plays with a certain pool and every win above that pool gets set aside.
The other type plays big and likes to place one big bet once in a while. If he wins he wins if he losses he goes back to earning it and comes back when he has some spare cash to spend.

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Quote from: RapTarX on April 25, 2020, 09:25:44 AM

but yesterday, he lost everything once again.

if I had a Satoshi for every time I heard this, I'd be running my own casino Cheesy

Quote

How come he lost everything one day? Do most of the gamblers lose money in such way?

Yes they do. Not just because of greed but most gamblers, when they start losing, they tend to double their bets unconsciously hoping to recover their losses. They do not realize that all it takes is few consecutive losses before they lose everything.

For example, if your friends initial bet amount was 100$ and he decided to double his bet every time he loses. 6 losses in a row would be enough to drain his entire balance (24 eth).

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Quote from: RapTarX on April 25, 2020, 09:25:44 AM

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?

Most of the gamblers always chase their losses. They try to win back what they lost in the same go inorder to break even.in this process they loose all of their bankroll in a single run.
But in reality what they should do is that they should accept defeat and call it a day, go out have a beer and then come back if they wish to gamble as this changes your mind and gives you a fresh stsrt.

Becky666

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Quote from: RapTarX on April 25, 2020, 09:25:44 AM

How come he lost everything one day? Do most of the gamblers lose money in such way?

Oh, another greedy fellow who fell again. This is a clear symptom of greediness on the part of the gambler, anyone of then who don't take profit whenever signs are clearly shown during gambling will surely loss their winnings to platforms{gambling}. He or she{Victim} wanted to make more huge profits before he signs out but unfortunately he ran into Waterloo in the process. Stop be greedy gamblers; this has affected 95% of gamblers to loss when they supposed to win and be happy. As I have said, many lost inline with this gambler actions and many are still on their way to their loose if not repent from be greedy.

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Quote from: BITCOIN4X on April 26, 2020, 12:34:12 PM

-snip-

It is true, there is a tremendous urge to continue playing when we have good financial strength and unfortunately this desire is the gate where we will get destroyed.

Gambling is a decision and any risk must get good tolerance from the players. Its not good to blame a situation where we cant win something bigger, every decision we make is what we think is right and I think not all gamblers have the same thought and almost all gamblers feel disappointed when the results they get are not what they want.

Quote from: erep on April 26, 2020, 01:47:15 PM

The biggest win in gambling is when you can control yourself against the desire not to keep playing after you win.

Only a few people can do it, the rest will lose control. I think

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Quote from: BITCOIN4X on April 26, 2020, 12:34:12 PM

Therefore, valuing what we get today is something we must do, big wins are desires that we dont necessarily get. Stop for a moment and rest.

Good quote, gamblers should consider the quote above so they don't lose everything before regretting. The biggest win in gambling is when you can control yourself against the desire not to keep playing after you win.

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Quote from: Chrystora123 on April 26, 2020, 11:59:06 AM

30 ETH is not a small amount, I personally have never won with this amount.

His consistency while playing has made him have 30 ETH in less than 30 days and didnt get it on one occasion.

I am sure everyone really wants a victory that is greater than what he already has. When this desire can not be dammed, then someone will be very close to the wrong decision that will make it as someone who has bad luck. The desire to get a bigger victory when there is a lot of balance may be common for gamblers, but not infrequently they will also end up without anything as the OP said. Therefore, valuing what we get today is something we must do, big wins are desires that we dont necessarily get. Stop for a moment and rest.

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Quote from: RapTarX on April 25, 2020, 09:25:44 AM

he managed to cross 30 ETH within less than a month but yesterday, he lost everything once again.

30 ETH is not a small amount, I personally have never won with this amount.. Your friend is really on a bad day, if I become your friend then I will pause and continue playing tomorrow..

Quote from: RapTarX on April 25, 2020, 09:25:44 AM

How come he lost everything one day?

I think it's because he is too confident (will win more on that day). "confidence" when gambling is important but "being too confident" won't work, you will only lose everything in the next few rounds..

Oilacris

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Quote from: RapTarX on April 25, 2020, 09:25:44 AM

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?

Do you really believe that gambling do always win?If we do talk about poker and other strategy type of games then it do have chance but
talking about dice? Nah. you will surely bust up your entire balance in shortest time as possible and this is why gambling industry is a very
profitable one because of this kind of behavior of most gamblers.

Gamblers mindset wont really be that kind being contented on what they have won.Their mindset that they should play and they might
able to hit up some wins again.

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Quote from: LbtalkL on April 26, 2020, 10:51:54 AM

It is such a big and sad loss, Wasted a chance to get a large amount of money, 30 ETH now is more or less 5820 USD it is big money. Maybe greed comes on his way, thinking of getting a bigger amount and it ends in a tragedy. It happens for the second time maybe for the 3rd time he already learned his lesson. If he's your friend advise him for the better. He goes for a high risk high reward, sometimes it pays off sometimes not. If I was on his shoes maybe I would withdraw 50 to 80 % of it.

Money goes just as fast as it comes when you're gambling. If the dude would've earned 60ETH from 30, he would have continued to play with it hoping to get even more. You just don't know when to stop and the adrenaline makes it even worse. It's so easy to say what should've been done when the session is already over, but it isn't as easy to make the perfect bets when you're in the middle of it.

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Been watching some bets in dice and since it's very transparent I can see some gamblers aim too much that they bet >5, I don't know if I would do such thing but there are gamblers who do that. Less chance of winning if you bet >10 even more when you do the >5. But it makes sense if he aimed to win really big though.

LbtalkL

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It is such a big and sad loss, Wasted a chance to get a large amount of money, 30 ETH now is more or less 5820 USD it is big money. Maybe greed comes on his way, thinking of getting a bigger amount and it ends in a tragedy. It happens for the second time maybe for the 3rd time he already learned his lesson. If he's your friend advise him for the better. He goes for a high risk high reward, sometimes it pays off sometimes not. If I was on his shoes maybe I would withdraw 50 to 80 % of it.

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Probability of winning bets is low on most of the casino games which literally means you are going to lose more bets so even if you won huge amount in winning bets it will keep roll back to the house itself by multiple losing bets.If someone wants to hold and enjoy their profits needs to control their greed and have to satisfy with what they made from gambling.

Topic: Why most gamblers can never hold onto big bag? - page 8. (Read 1916 times)