Topic: Your epic fail experience in gambling - page 7. (Read 968 times)

Maybe my epic fail would that time when I used to win some since I'm feeling lucky that time and I bet all in at that time and I thought it's my final lucky win since I decided to stop right away if I win this game for the last time but it turns out I lost to that final bet and stopped playing gambling without anything left in me. lol

Anyway, if someone has to yolo or do it and planning to bet all in make sure you are aware of what you are doing since we are talking about money here that has a 50% chance of making it double or gone to zero in an instant.

I used to play online poker seriously from 2006 - 2012.  I'm not a pro by any means but I made a bit for myself just like a lot of guys who took the time to do the work and improve their game.  The games were soft those days.  Anyway, players usually follow a 25 - 30 buy in strategy for each stake at poker.  So for example you have 5k - 6k USD you can start taking shots at 200nl.  If you lose and your bankroll goes down below 25 - 30 bi, you move back down.

So I grinded my way up from 100 bucks to 30k in a span of 6 months or so.  I started playing 1000nl for the first time and boy I was in for a revelation.  The guys who played those stakes were much better and more aggro than I'm used to.  But I played on, winning some big pots and losing some.  I remember my hands were shaking because it was the highest buy in I have ever played.  To make the long story short, the rule of moving down whenever your bankroll is below 25 - 30 buy ins was not followed.  In just one night I started with 30k and ended the session with just around 3k USD in my account.  All the hard work, gone...  But it's weird cos right there and then, I felt numb and just turned off my PC.

Mine was more on tempting my luck I have a huge win in one game which is the coin flip applied martingale here and thought I will have good success doing martingale here I made a good success because I seems to get the algorithm I was winning big because of I thought have gotten the right algo so I bet it all hoping that I will double my earning since I got it in my last ten bets, unfortunately, I was wiped out, just when I thought I got the algo, you really can't be sure in a game of chance things can wrong even if you think or feel you got.

I don't really have any I'd actually consider, the closest one to a fail would be my greediness on my plays every now and then (like I'm on a streak and then I just suddenly decide, oh, let's bet it all so I can get more, spoilers, I didn't). There's also sometimes when I just choose a random team (when I absolutely have no idea who the two are) on a series I'm watching, mostly Esports tournaments, e.g. Dota 2, League, Apex, etc. I know it's dumb, but every once in a while I bet on all the matches in a series if I have the extra funds, and just randomly bet on teams if I don't know much about them.

That's why when you're in profit, you should be able to secure your profits so that it won't be taken away from you. My experience is not with an online casino but with real life/physical casino and that's always the same experience as you but not with automated bet.

But with the decision of continuing despite I'm already in win.

The learning is very basic and simple that whenever we're already in profit, take back the starting bankroll and capital and then proceed with the remaining or vice versa.

I would suggest the following personal finance management strategy...

You save 10 percent of your income and invest it in high-risk projects (including gambling).  You agree in advance that the probability of winning is very small, but you understand that if you are lucky, the amount of money won will be very significant. 

In my opinion, there are no mistakes in life.  There is no instruction on how to live your life correctly and what actions will definitely bring results.  A lot depends on luck. 

At the same time, luck also needs to be given a chance.

I think my Epic Fail came when I thought I found a way to "fund" my gambling at a popular casino. I found a pattern where I bet my whole balance on one bet on Crash and then I take the winnings and I wager on Dice. This worked for a long time...and I was happy that my strategy to fund my gambling was paying from the casino money..and not my own deposits. 

Well, it worked..... until that one bet where I bet my whole balance and it crashed out on 1.00X .....it wiped my whole balance and the profits that I made for weeks. 

Most of the time was "greediness". When I was in nice profit, I bet more than what I used to do in order to get bigger profit but unfortunately it made me lose all my balance. It was when I could not control myself, but I'm happy that I can get out of that greedy and can control myself better in gambling since few years ago.

I agree with you and what you say is similar to my previous comment. The only thing is that to try to earn that large sum of money you have to do it with money that you have left over, that you don't need for anything at all, unlike many people do.

my biggest mistake was when i was betting on one of the sports betting sites that are on this forum and one of these days i started a winning streak, and for some reason my mistake i put all my money i won in a single bet and i managed to win and then i won more It's a free bet, but I made a disastrous mistake, I mistyped it when I bet and lost all my money, honestly I only realized the error after losing everything and had to make another deposit, and after I won some time i lost everything the same way i lost everything the first time. it was just shocking to me. and because of this loss I stopped playing for a few months, if memory serves me I stopped playing for 3 months or more. although i had more profit than loss i was not satisfied with the way i lost money twice making the same mistake so stopping for 3 months or more was the best decision

To increase your capital from 0.1 BTC to 4 BTC is a great success.  If you kept those 4 BTC (Hodl!!!) you could sell them for $240,000 in 2021.

In my opinion, your main mistake is not that you listened to the advice of the weird guy from YouTube.  Your main mistake is that you think that there are winning strategies in gambling (games based on luck).  In my opinion, this is not true.  Martingale is not a winning gaming strategy in the long run.  Just like any other game strategy.  

In my opinion, in gambling you should try to win a large sum of money and then stop playing.  

That is, your mistake is not that you listened to someone else's advice.  You had to end the game and start a new one (hodl BTC).

My epic fail?

I was betting on UFC event and I forgot which fighter I bet, but he's a heavily favorited the odds <1.05 if I'm not mistaken. From that's bet I put all of my bankroll to this bet and I was very confident he will win. Anyone can think, how can a heavily favorited fighter will lose? he's really best with excellent record too. I didn't watch the fight since I think it's easy match for him, but after checking my bet, I lose. It was really unexpected and I don't want to bet heavy favorited fighter anymore lol.

I haven't had any epic fail experience but I wanted to comment on something you said.


This is very typical. You had a winning streak against all odds, an improbable streak but in your favour, and instead of thinking you were pushing your luck you wanted more.


In reality, even if you had continued with Martingale, you would most likely have lost the money in a short time as well.


If you mean being able to make a living from it, there is no formula. It is impossible. Unless you call playing a few spins on the Gladiator Slot machine, winning the 2,000,000 USD jackpot, invest it and live off the rents a formula.

I don't remember the exact year that this promotion introduced but as I remember, It needs to comment on PD ANN thread here in the forum the hash of your bet that contains the exact winning number. The consecutive number promotion is what I participate before but I never win any of those promotion. Your case is a typical result which the casino expecting for the result of there promotion besides attracting new players to enter. We have natural greedy attitude as part of our human weakness. I think many of us got wrecked on gambling because of this greediness.

Back then, Primedice launched a promotion where you'd get a good amount of profit just by hitting a set of numbers and there are different prizes based on the bet amount you decided to go with. I easily cleared the first level and got a bit greedy as I tried to clear the next level eventually I burned a lot of money than usual and failed. In the end, I ended up going negative instead of positive even though I won a prize from the promo I still lost way too much from chasing the next prize. 

That's why I'm also not into auto bet. Anything that you are not in control of is just not good even using bots in trading is just not for me as well. Its best to manually do it. Make it worth while and enjoyable in gambling like sports betting, blackjack or poker because at least there is the thrill and  you do it yourself.

I have my own epic fail but too like parlay on sports so I stopped doing it because there is just no way I can predict all.

I rarely play using huge balance so I can't share much loss experience but I have too some mistakes on gambling that I can't forget until now. One of them is betting the amount that I thought in USD but in reality the currency I'm betting is in mbtc. I made 3 consecutive bet before I notice that I'm actually betting the whole balance on my account. I made 1 win and 2 losses in proper order, At first I was surprised that I can't bet anymore while I'm assuming I only bet 1$ per bet then after I check my betting history. I realize that I'm using mbtc as currency and it stop immediately my gambling session at that time.

I always check currency of my bet after that moment. Luckily I'm not playing with huge amount ever in all my gambling games. I'm sure that this is a complete disaster if happened to someone that has a huge balance.

Gambling has been what I can not learn online because those that are teaching are also losing if they play often, that is just gambling and the truth many people will not want to say. It is YouTube, I believe not that the person is making money from gambling but just looking for people tolhat will click on his video and generate money through monetizing. Sorry for your loss, it was long time ago but I know how it would be painful at that time.

I like to bet most on football, in-play matches if I should be more specific, I was a kind of person that can start a bet with $5 and later make $50 through staking all my money including the money won at onces. I could have won big like 10x or more, it will get to a point I stake all my money and it would be gone at once after losing it all in just a single match after I have played several in-play matches and won. It was what further got me into addiction, but it would have been better for me to just stake, won and remove my profit, it would have been better.

I have many epic fail moments in my gambling experience that I want to share. Some of them is the reason why I keep playing while some are the experience that makes me quit on gambling for more than a year. Let me start with my first epic fail experience when I was addicted on dice way back 2016.

I'm a regular player on Primedice that time and I manage to grow my balance from 0.1BTC to 4BTC within a week of non-stop manual playing using common martingale strategy. I was very happy at that time until I watch some random video on youtube showing tutorial to do automated betting with his setup. I was interested to follow his setup since he shows how much he won. I try it by myself using small bets until I forgot my auto bet running overnight, I was in shocked that balance got zero after hitting more than 30's red streak and all my BTC that I earned for a week is already gone overnight just because I follow some random guy trick while my strategy is working at that time.

After that, I conclude that personally I was so easy to convinced and I didn't care about the risk of what I'm entering when I was happy in my profit. I was not contented on my profit and tiring way that's why I seek some alternative way that make my gambling experience more hassle free. There's no easy formula on gambling to become successful.


Whats' your epic fail experience in gambling?
Let's see your conclusion and re-evaluate your decision making after the epic fail experience.