Worst mistake in gambling - page 30.

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Quote from: serjent05 on August 15, 2017, 01:19:54 PM

Quote from: aardvark15 on August 15, 2017, 09:29:47 AM

Quote from: JasonXG on July 01, 2016, 04:37:42 PM

What are some the more idiotic and stupid mistakes that you know you shouldn't have made but did anyway. Yes this includes other none gambling stuff like sending btc to the wrong address. I'm interested to find out the stupid things other people do. Roll Eyes

My biggest mistake was trying the Martingale strategy on a dice game. I started with a very small bet like 0.0001 Bitcoins. If you win you keep betting 0.0001 which means the winnings are very small if you lose, you double the bet.

I got on a long losing streak. At 10 losses in a row the bet got to 0.1024 Bitcoins which is starting to get to serious money. I had to stop before I lost my whole bankroll. I ended up losing a lot but not everything.

You are not alone in this experience. Many of us experience this kind of losing streak. The secret on this is that we must know how much bankroll we need to accomodate long series of losing streak. If our bankroll is just a small one then, this kind of method would incur trauma to the player Grin

.

theoretically, no amount of bankroll is enough, there's always that possibility that you'll just keep losing, no matter how much you might think you'll win (gamblers fallacy). this is the same mistake a lot of gambling newbies make thinking martingale is an unbeatable strategy, only to lose after a dozen consecutive losses.

personally though, I hit a 99x roll off the faucet the other day while waiting for an investment deposit to come in, imagine if I put my deposit on that roll instead Roll Eyes

aardvark15

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Quote from: serjent05 on August 15, 2017, 01:19:54 PM

Quote from: aardvark15 on August 15, 2017, 09:29:47 AM

Quote from: JasonXG on July 01, 2016, 04:37:42 PM

What are some the more idiotic and stupid mistakes that you know you shouldn't have made but did anyway. Yes this includes other none gambling stuff like sending btc to the wrong address. I'm interested to find out the stupid things other people do. Roll Eyes

My biggest mistake was trying the Martingale strategy on a dice game. I started with a very small bet like 0.0001 Bitcoins. If you win you keep betting 0.0001 which means the winnings are very small if you lose, you double the bet.

I got on a long losing streak. At 10 losses in a row the bet got to 0.1024 Bitcoins which is starting to get to serious money. I had to stop before I lost my whole bankroll. I ended up losing a lot but not everything.

You are not alone in this experience. Many of us experience this kind of losing streak. The secret on this is that we must know how much bankroll we need to accomodate long series of losing streak. If our bankroll is just a small one then, this kind of method would incur trauma to the player Grin

.

The problem is that you think you can't get a long losing streak like that but you can because you have to roll the dice hundreds of times to make any decent amount of money. The odds are that if you are rolling the dice hundreds of times, you are going to have long winning streaks and long losses sing streaks. And because the house takes a percentage of the rolls, you will have more losing streaks and longer losing streaks than winning streaks.

daringdiscovered

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Quote from: Creepings on August 15, 2017, 07:00:37 PM

Quote from: shezu007 on August 15, 2017, 05:20:53 PM

Quote

I got on a long losing streak. At 10 losses in a row the bet got to 0.1024 Bitcoins which is starting to get to serious money. I had to stop before I lost my whole bankroll. I ended up losing a lot but not everything.

You should need to change the website i would like to say that freebitco.in is one of the best website to earn.

Changing your gambling site will not have an effect on how you will be winning a gambling site. It depends on how you will be able to make ways to earn, and I suggest that you get your balance out of your gambling site wallets and move in investing into altcoins.

I guess, it is not us who is going to decide if we are going to win or not, mostly we are relying it on our luck, since we are competing against the house, which is a pretty tough competitor, you could even lose always if you are not going to be careful on betting. I still remember the time when I made a 0.03 profit out of my 0.0003 deposit, I was being greedy that time, continued gambling instead of withdrawing my profit, that is why instead of earning, I've lost my money that time.

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Quote from: Creepings on August 15, 2017, 07:00:37 PM

Quote from: shezu007 on August 15, 2017, 05:20:53 PM

Quote

I got on a long losing streak. At 10 losses in a row the bet got to 0.1024 Bitcoins which is starting to get to serious money. I had to stop before I lost my whole bankroll. I ended up losing a lot but not everything.

You should need to change the website i would like to say that freebitco.in is one of the best website to earn.

Changing your gambling site will not have an effect on how you will be winning a gambling site. It depends on how you will be able to make ways to earn, and I suggest that you get your balance out of your gambling site wallets and move in investing into altcoins.

It is superstition in gambling, some gamblers think that changing spot or casino will change their luck. Some casino games are made people to lose money, we can not know are games are rigged or
we just had a bad day. That is one of the reasons why I like betting on sports, casinos and bookies do not have connections with the game we bet on.
My worst mistake in gambling is not believing in myself enough. Many times I was sure in some results, not correct scores, it was like I knew there will be goals or not, who will win, but I always stick
to my rule never more then couple dollars per bet slip, and I made profit but I could made much more. My main excuse is my financial situation, I can not allow myself to risk more and lose.

Creepings

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Quote from: shezu007 on August 15, 2017, 05:20:53 PM

Quote

I got on a long losing streak. At 10 losses in a row the bet got to 0.1024 Bitcoins which is starting to get to serious money. I had to stop before I lost my whole bankroll. I ended up losing a lot but not everything.

You should need to change the website i would like to say that freebitco.in is one of the best website to earn.

Changing your gambling site will not have an effect on how you will be winning a gambling site. It depends on how you will be able to make ways to earn, and I suggest that you get your balance out of your gambling site wallets and move in investing into altcoins.

Paid Piper

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Quote from: bohr on August 15, 2017, 06:01:34 PM

Quote from: daringdiscovered on August 09, 2017, 08:15:31 PM

Quote from: bohr on August 05, 2017, 06:08:50 PM

My worst mistake in gambling came when I was playing poker, I had a bad hand, but I was in the button position so I raised to try to steal the blinds but I got called, then instead of admitting defeat and fold my hand I keep betting and even raising the bet until I was all in, when it was the time of the showdown everyone in the table was surprised that I did not had anything and I lost.

That is not the worst mistake that you've done, I guess, it was you tried gambling, even you don't have to, because of the lust to money, to win easy money, that is why you've enter the world of gambling and took the risk, but what happened was the opposite of what you thought, everything was all a lie, the false hope and the desire of ourselves to make big money on gambling is just for those lucky people on it, but sadly, you are not one of them, that is why you have lost, and lost your money instead of earning some.

No, it was not about greed it was abut strategy, in poker the one that is in the position of the button will most likely raise if no one has and there are only a few players in the pot, what happened was that someone played his hand slowly and I fell for it but even then my opponent was very worried about what I had in my hand since I kept raising and calling his bets, it was a strategy that failed but that was my thought process it was not about greed.

no doubt that strategy is too much important in gambling. if you do not have any strategy then you cannot make money from gambling and without any strategy gambling is too much risky and there are more chance that you will even lose your own invested money in bitcoin. therefore we need t have good strategy about gambling.

bohr

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Quote from: daringdiscovered on August 09, 2017, 08:15:31 PM

Quote from: bohr on August 05, 2017, 06:08:50 PM

My worst mistake in gambling came when I was playing poker, I had a bad hand, but I was in the button position so I raised to try to steal the blinds but I got called, then instead of admitting defeat and fold my hand I keep betting and even raising the bet until I was all in, when it was the time of the showdown everyone in the table was surprised that I did not had anything and I lost.

That is not the worst mistake that you've done, I guess, it was you tried gambling, even you don't have to, because of the lust to money, to win easy money, that is why you've enter the world of gambling and took the risk, but what happened was the opposite of what you thought, everything was all a lie, the false hope and the desire of ourselves to make big money on gambling is just for those lucky people on it, but sadly, you are not one of them, that is why you have lost, and lost your money instead of earning some.

No, it was not about greed it was abut strategy, in poker the one that is in the position of the button will most likely raise if no one has and there are only a few players in the pot, what happened was that someone played his hand slowly and I fell for it but even then my opponent was very worried about what I had in my hand since I kept raising and calling his bets, it was a strategy that failed but that was my thought process it was not about greed.

shezu007

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Quote

I got on a long losing streak. At 10 losses in a row the bet got to 0.1024 Bitcoins which is starting to get to serious money. I had to stop before I lost my whole bankroll. I ended up losing a lot but not everything.

You should need to change the website i would like to say that freebitco.in is one of the best website to earn.

Siren

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Quote from: bering on August 15, 2017, 01:16:53 PM

Quote from: aardvark15 on August 15, 2017, 09:29:47 AM

Quote from: JasonXG on July 01, 2016, 04:37:42 PM

What are some the more idiotic and stupid mistakes that you know you shouldn't have made but did anyway. Yes this includes other none gambling stuff like sending btc to the wrong address. I'm interested to find out the stupid things other people do. Roll Eyes

My biggest mistake was trying the Martingale strategy on a dice game. I started with a very small bet like 0.0001 Bitcoins. If you win you keep betting 0.0001 which means the winnings are very small if you lose, you double the bet.

I got on a long losing streak. At 10 losses in a row the bet got to 0.1024 Bitcoins which is starting to get to serious money. I had to stop before I lost my whole bankroll. I ended up losing a lot but not everything.

there are so many victims from martingale strategy so i think suffered huge losses it's not only you because might be all of people at here already try this strategy even the results will unexpected that usually martingale only the way how to losing our money with pretty fast but not for profit so maybe this is also the worst mistake from the people during their gambling

One of my mistake as well. Did try to used it first time as strategy for dice. Usually, I do manual betting only and rarely used the autobet. So I said to myself, well why not try to used martingale to see if it really works. So I just started low and it seems to be effective. So I increase my bet, but unfortunately, I got into a losing streak that ended eating up my bankroll. I'm not saying that method doesn't work, but if you have like 7-10 losing streak, you will lose all your money by using this method. I rather would go back using my old method of manual betting.

serjent05

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Quote from: aardvark15 on August 15, 2017, 09:29:47 AM

Quote from: JasonXG on July 01, 2016, 04:37:42 PM

What are some the more idiotic and stupid mistakes that you know you shouldn't have made but did anyway. Yes this includes other none gambling stuff like sending btc to the wrong address. I'm interested to find out the stupid things other people do. Roll Eyes

My biggest mistake was trying the Martingale strategy on a dice game. I started with a very small bet like 0.0001 Bitcoins. If you win you keep betting 0.0001 which means the winnings are very small if you lose, you double the bet.

I got on a long losing streak. At 10 losses in a row the bet got to 0.1024 Bitcoins which is starting to get to serious money. I had to stop before I lost my whole bankroll. I ended up losing a lot but not everything.

You are not alone in this experience. Many of us experience this kind of losing streak. The secret on this is that we must know how much bankroll we need to accomodate long series of losing streak. If our bankroll is just a small one then, this kind of method would incur trauma to the player Grin

.

bering

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Quote from: aardvark15 on August 15, 2017, 09:29:47 AM

Quote from: JasonXG on July 01, 2016, 04:37:42 PM

What are some the more idiotic and stupid mistakes that you know you shouldn't have made but did anyway. Yes this includes other none gambling stuff like sending btc to the wrong address. I'm interested to find out the stupid things other people do. Roll Eyes

My biggest mistake was trying the Martingale strategy on a dice game. I started with a very small bet like 0.0001 Bitcoins. If you win you keep betting 0.0001 which means the winnings are very small if you lose, you double the bet.

I got on a long losing streak. At 10 losses in a row the bet got to 0.1024 Bitcoins which is starting to get to serious money. I had to stop before I lost my whole bankroll. I ended up losing a lot but not everything.

there are so many victims from martingale strategy so i think suffered huge losses it's not only you because might be all of people at here already try this strategy even the results will unexpected that usually martingale only the way how to losing our money with pretty fast but not for profit so maybe this is also the worst mistake from the people during their gambling

erwin45hacked

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When you won a nice amount and don't leave gambling for that day, that is the biggest mistake you can do. Because if you will lose it again, that could really drive you crazy and bring you on tilt.

People will try to go for more, atleast majority of people because they are a fool to begin with. In the end most people will keep playing and trying to get for more without even knowing the risk that they are taking. It is literally the worst mistake that everyone could make which is to keep hoping for more in EV- games

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Quote from: JasonXG on July 01, 2016, 04:37:42 PM

What are some the more idiotic and stupid mistakes that you know you shouldn't have made but did anyway. Yes this includes other none gambling stuff like sending btc to the wrong address. I'm interested to find out the stupid things other people do. Roll Eyes

I think one of my biggest gambling mistake was when I played online bingo before, I had put in all my money on the machine which I was supposed to play for about four hours just for fun and of course for money. And, I pressed 10x winning which costs all of the money that I had put in in one game and I lost all of it within just 5 minutes.

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Quote from: JasonXG on July 01, 2016, 04:37:42 PM

What are some the more idiotic and stupid mistakes that you know you shouldn't have made but did anyway. Yes this includes other none gambling stuff like sending btc to the wrong address. I'm interested to find out the stupid things other people do. Roll Eyes

As you said it, the most idiotic thing that i have done is sending in the wrong address and when that happened I actually spend like 10$. I was really pissed and angry to myself, also the other thing that I did to fk me up is that when I try to spent 5$ in a gambling out of interest then just bet it and then lost it for just like less than 5 mins. This is why I really don't like gambling.

aardvark15

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Quote from: JasonXG on July 01, 2016, 04:37:42 PM

What are some the more idiotic and stupid mistakes that you know you shouldn't have made but did anyway. Yes this includes other none gambling stuff like sending btc to the wrong address. I'm interested to find out the stupid things other people do. Roll Eyes

My biggest mistake was trying the Martingale strategy on a dice game. I started with a very small bet like 0.0001 Bitcoins. If you win you keep betting 0.0001 which means the winnings are very small if you lose, you double the bet.

I got on a long losing streak. At 10 losses in a row the bet got to 0.1024 Bitcoins which is starting to get to serious money. I had to stop before I lost my whole bankroll. I ended up losing a lot but not everything.

Guvn0r

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bobyhodob

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my worst mistake is when I play dice, but I didn't realize that I was pressing max bet so that I placing all bets on the one click and finally I lost all my money Grin

LieTOme

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For me it usually is greed. I can not control my appetite to be able to get a lot of gambling. This makes me lose my bitcoin. If we can control gambling is not too high risk for me

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Quote from: StonedWolf on August 15, 2017, 05:41:30 AM

I think that the worst mistake in gambling is to put all your money in one game so you can with a simple play loose everything !
that's why we should always take a guarantee of safety in goal to remain playing !

It's surely a worst mistake if you have the guts to put all of your money into a single game. And in the end you will only lose, a very popular mistake and yet we still didn't learn from this mistake. Everyone wants to risk an all-in because it is one way of recovering our losses but it's a do or die, a fortune or a mistake.

StonedWolf

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I think that the worst mistake in gambling is to put all your money in one game so you can with a simple play loose everything !
that's why we should always take a guarantee of safety in goal to remain playing !

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