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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?

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.

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. :)

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.

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.

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.

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.

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.

He is not a a responsible gambler, cause every gambler know that if they win that kind amount of money they will cash out some of it and play some of their winnings. I have a lot of friends that after they win they are securing some of their winnings and play again, same with me! When I win in gambling I will secure some and play again until I win again or if I lose my dedicated money for that game I will quit and call it a day. That kind of person are usually getting broke because of gambling cause they didn't know how to quit when they win.

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.

Most of the people losing their money from betting in such a way because to make profits from gambling it will take too long but to lose it may happen with a long streak and this is also the reason why people stuck with gambling even if they wanted to stop, they are making money but they lost everything in a blink so they work hard on strategies but lose again at some point then it keeps repeating.

Bad luck caught up with him, I wonder does he not know that every day is not a lucky day, he should be a wise gambler, he must know when and how to quit but most importantly how to balance everything like allocating fund whenever he is gambling, he must be frustrated to lose that huge amount but it's a lesson learned that everything should be in moderation.

I don't want to say that losing everything at a single day is normal for gamblers (though it really happens to gamblers) since you might think that it's okay to lose such amount within a day.

Maybe your friend thinks that he can win a big amount of money within a small period of time, that's why he's putting everything on the game. The reason why gamblers tend to lose their money that fast is because of their greed. You see, your friend had won already yet he wasn't contented and risked everything again and went back to zero. Gambling also includes smart thinking and a proper mindset. It's not just about the capital, luck, or strategy. Gamblers should also know when to stop, to avoid any big losses.

I read somewhere that when one gets addicted to gambling; "the wager amounts lose meaning, and it becomes just figures on a screen", this way all that matters to them is the next game, and the next. Your friend should train himself to take regular breaks while gambling, whether he's winning or losing. This way he would be able to make a wise decision when resuming

I don't have a statistic to go by, but most people who are addicted to gambling would likely run through a big winning if they were to have one.

Incredible and very sad story.
I will say only one thing for his loss, it is greed. He should have stopped after he won 24 ETH. Why go for more when already you have made more than 1k.

Sorry to hear about his loss.

The thing with most gamblers is that when the funds are less, they go with small amounts, takes less risks and when the funds are big, they go for high rolls and take more risks. While playing high risk rolls, either they manage to win big in a day or go bust in a day. If you take crash game for an example, some gamblers won't risk too much and cash out around 2x while some go for 30x , 50x etc. I guess your friend falls under the second category of players who goes for the high risk rewards while you fall under the first category.

Could it be a mistake in betting?
He started with just $100 and turned it to 24ETH, that's a huge profit already but that how easy it is to spend money that isn't hard-earned.

If he encounter a losing streak while doing the martingale strategy then it's an easy loss. 24ETH go to waste but I guess he really meant money in gambling.  

This is a very common pattern, most likely he was using something like the martingale betting system in which you double your bet each time you lose, in the short term this could produce profits as you keep wining and every time you lose you recover the money you lost, however eventually your losing streak will be too long and your capital is not going to be enough to endure it losing everything in the process, in fact most likely your friend did not lost his money in a day, this probably happened in the matter of minutes making the loss even more hurtful.

this is a matter of self-control...
not only your friend has experienced this, but I have also experienced events like, I was too confident and lead to greed, then I lost everything in a few hours, your friend is too following greed so he lost everything.

Chasing losses or desperate to win something big. I can't say most but what i've noticed is that a lot gamblers probably been in that situation since winning gives you a confidence boost to play even longer until you lose.


The gambler probably thinks the 24 ETH he got only costed him $100 in the first place so it's not that bad to go risk it once again. And it's not just martingale that could cause him to lose all those profits since most dice sites are fast.

Greed and revenge are the 2 things that I see with this situation why it happened.

Your friend started $100 and when he won and have 24 ETH already as you said, he didn't taught of withdrawing some of his winnings or just leave his initial fund in the website stake.com and he just continued to gamble all of his winnings. He is greedy because he didn't withdraw his funds but just hoped that he will get more ETH if he will not withdraw it.

Revenge because when the time your friend got lost, he probably want to get the lost money back and to have some profits by using larger amounts but unfortunately luck doesn't came on his side and he loses everything. These 2 words are deadly and we saw it already here. He got 24 and 30 ETH but he chooses to gamble instead of withdrawing it. He must've be rich right now :D.

Gamblers push their luck to the limit, it's human nature to be greedy. However, knowing the risk of gambling you should have control over your self. Once you have filled your bag, you should be contented and enjoy your profit somehow. Then if you want to gamble again, start with a small bag, if you lose stop. The just repeat. I know self-control is easier said than done, however, if you will let your greed take over you, you will lose a lot of money.

The thing experienced by your friend, lost everything in one day is often experienced by many gamblers including me. That's the interesting thing
from gambling, we can profit suddenly but on the other hand can also suffer sudden losses. My advice stop gambling when it's have 20-30% profit,
if we continue playing surely can finally lose everything. We must control our greed so that it does not happen.

greed is really the reason for it, nothing else. and most gamblers often experience this. hoping that he will get more. already a good amount of money, but he's not contented about it. i bet, it will happen again and again in his gambling life.

Because gamblers uses money everytime they gamble, and they wont get to bag a good profit everytime, there were unlucky times. A gambler will empty his bag specifically during he started lossing and was trying to take back what he lost by spending double or triple of his betting, thinking "I could manage this loss anyway, because these are my winning profit from the last time I won", this is exactly what happened to your friend.
I have been in his shoes multiple times, where I made enough profit, but bet everything irresponsibly and lost everything including my betting capital.

Greediness will kill you if you are over confident with your self, I guess this is what happen to your friend as your friend wasn't contented to what he have won. That amount is already big and he can cash it out anytime he like but because he likes to earn more then he lost everything because of being greedy.

Most of the gamblers are not winning at the end because they will not get contented even if they are already winning a huge amount of money. But if you are a wise gambler, you can easily divide that amount and make sure that you cash out your capital and a percentage of your winning.

Well that is because he can't keep winning all the time, if it was this easy then everyone would be rich and the casinos, dice sites would go bankrupt. Its all about self-control and when to leave and not get too greedy. I'm not saying that your friend is a greedy person but it sounds like he got over confident and thought that he could keep winning and then it sounds like he went back to try and make up for the loss and lost it all again when he built up a nice amount. When he won the 30 ETH he should of left and maybe return to play in a few weeks or so and yes most gamblers who don't have self-control lose like this.

This is one of the advantages of a gambler, because he thinks this way to either win the jackpot or lose everything!!The life of a true gambler needs wisdom, knows the time of entry and exit. :-\ There are many gamblers who do not know the meaning of withdrawing and delaying gambling until a later time. This makes them more greedy op :P

This is what I've been thinking too. It is somehow a normal story from a gambler. Winning a huge amount of money then lose it by the end of the day. I think those gamblers are blinded by winning and greed. They think they can have more after winning so much. They are feeling it and once you are feeling it, it so much harder to stop. Those who can afford to stop while winning are those who can still think critically, they are the ones who still have control. This is one of the reasons why a lot of gamblers lose so much at the point they are betting money they didn't even own.

My God! You're friend is only having a taste of money then poof lol. So unfortunate for him :(. We all know that losing is normal but d*mn losing all you've got often is a toxic experience already.

I guess your friend does not know to exit that's why he always come to a point where his luck depletes. Also, maybe he also lose control on betting. Remember, larger bet means larger loss. I think you shoulf advice him to set his own limits and maintain control every time he gamble :)  

Not trying to be a detective but may be he bet all of his assets? Or maybe he went lose streak then betting double after it? Though losing isn't uncommon in gambling world so maybe your friend went into sort of need-to-take-back-my-winnings guy so he go all unless he won back his money. Man, your friend needs an assistance, advice maybe won't do but you need to keep an eye on him else everything would be unfortunate to him in gambling world. To take note that he's already luck with his winning but he insist on playing once more, is already a sign of a bad habit. Something needs to reassess here, man.

It's probably because of being greedy. It's possible that because he realized that he already had 30 eth, he feel so lucky that he can still continue winning, or it is also possible that he chase after his losses.

Yes, there's a lot of the same case as your friend or even more depends on the remainig money on their pocket.

Isn't this what we call gambling addiction. We win,then we lose and in order to recover the lost amount we once again lose it all and we keep on digging the hole further.

>>Don't play what you can't afford to lose. Isn't this what we say all the time. It's true, since in order to recover we always play in long run and we know how difficult it is in that.

Greed, that's just what was causing your friend to lose all he got after wasting precious times paying to win those bet. Can you link me to that friend? I'll invest same $100 although I'll be monitoring the account and maybe after just winning 10-15 ETH he just have to stop, withdraw some profit and maybe continue gambling to his satisfaction. Individuals easily gamble all available funds in their reach as they are never satisfied with what they have won so far and want to keep on playing until they get tired.

Gamblers especially the addict lose funds ever higher than that amount. One thing that make then feel they didn't lose anything is the fact they would use small amount of funds to gamble and win big and win they decide to gamble back with those funds+profit and losses, to then they only lost their capital since the profit wasn't their initial investment (capital) although that's a very wrong mindset.

He cannot handle his winnings properly, this is how newbie handle their winnings he thought he has a winning touch and will continue winning, it's too late to find out that every day is not Christmas day and he will eventually lose if he doesn't know how to control and how to plat properly in a game where luck plays a major factor.

Maybe he didn't had a good mindset. Dice in gambling depends only of pure luck and luck alone. He maybe lucky at some point yet nothing is permanent. Better if he must be disciplined that each and every time he lose, he stops. And every time he wins, he continues. And the bet he's giving remains the same and not betting more amount after winning. One thing is for sure why he loss that much, it is because he can't hold the satisfaction it gave him in his wins and eagerness to win.

A 54 ETH loss which is equivalent to around $10.5K is pretty big. He probably thought that luck was on his side all the way and decided to try and convert that amount into something bigger like $100K which is why he screwed up.

This is why you should always invest what you are willing to lose only. There are bigger losers out there. There was a gambler who literally lost millions to casinos in a short span of time.

Yes many gamblers lose this way I even know a guy who won twenty times of his bet only to come back the next to lose it, I ask him why he let it happens, he just answered he is trying his luck to extend his winnings from yesterday, he has no regret, considers it as natural and human to extend his winnings.

Many gambles just the hang of it, not about the money and this is very risky.

It is a sad story from your friend. I guess he fails to manage his balance, so he lost everything two times. If he can know when he needs to stop gambling, especially if he can have more than 20 ETH, he must quit gambling no matter if he still wants to continue playing the games. But we don't know how he can lose everything in one day, but I guess that he is too greedy to chase the other win money, so he uses more amount to bet. I am not sure if most gamblers will have those experience because I see that will only happen to the gambler who cannot control themselves, and they always try to get another win money.

But perhaps, you can ask your friend how he lost the money so you will know the real story.

That is so sad, losing youthe money you received from your work is really so sad because it  just wasted yout time and effort earning that kind of money, but I just want to know how he lost that kind of money in a single day, is he gets scammed by other people? Because 30 ETH is really big amount, is he tried some unsecured website snd he got scammed by it?
Always make sure to secure your money everytime because there are so many possibilities thst hackers and scammer will do something just to steal it from you.
That is also the question on my mine, that is so huge amount of money and it is really hard for the person who lost it.

It look like that your friend has no proper plan on how to play gamble. He need to come out with a strategy on how much money to use in each game. If he keeps on wining and go all in most of games he can lose all the amount as he is doing now. Either play with the profit or play with seed money again and again, so that if you lose you only lose your profit or lose only seed money and not both.

Your friend is the most unlucky person, why doesn't he stop when he gets 30 ETH in two stages of his victory, he's really bad luck.

Gambling is always accompanied by greed that cannot be separated from gambling addicts, ambition, greed and emotional.
I also have a friend's fate like your friend, but he lost a new car in his purchase, the car was obtained from gambling also within a period of 1 month, only 1 day he could drive the car, that day also immediately changed hands to other people, gambling was really heartbreaking.

Anyone can gamble or understand anything in the field of the game that you want to play.
The important thing is to control yourself, relax, control excessive emotions.

We have the same feeling and if it happens to me, I'd definitely feel bad and sad if I lost most of the winnings that I've got within the long run that I've been winning.
I don't gamble with that kind of style but your friend must be thinking of something that pushed him to let it lose easily.

Not too long ago, someone has asked if betting double will get you a high chance to get back what you've lost. I guess your best friend proves that wrong cause it didn't work at all. because I believe, why he lost that big amount in a single day is betting double after double to regain back what he had lost but he didn't succeed. Maybe a good time to take a rest for good because from 20 ETH now he loses even bigger. who knows what he might lose next time.

I think it's a typical situation with gamblers. The problem, in my opinion, is a psychological one. Namely, if you're winning, it's hard to let go at the right moment, withdraw and enjoy yourself. Instead, if you're winning and winning, it seems that you should cherish the moment and get the most of it. It's not the losses that motivate people to keep going, some say. It's the occasional wins that bring joy and make one feel like another win is just around the corner. I am not saying it's something impossible to control since sometimes people manage to win and leave the casino, but it must be a difficult thing to do, especially if you're a regular gambler. You can walk away today, but it doesn't mean you won't come back and lose a lot tomorrow.

That's why I think it's much safer to stop gambling after winning enough on a single day. Then you can just try your luck again the other day, rather than pushing all of your luck. Winning is not a thing that can always happen to us. So if I already won a certain amount, I always try to stop for that day because if I don't, I might end up losing everything. Although sometimes I also feel greedy that I will still bet even if I already won, but not to the point I will bet all of my money again.

It's really hard to control your gambling limits when you are having so much fun. Especially when you win something, it's common to be more greedy. But we still need to think critically that it's not always like that. Luck is not always at our side.

If your friend can manage a balance of big money, but finally, he loses all of that, he should learn about how to manage his funds. I guess he uses that all of the balance to place another bet, which is not recommended to do, especially if he can win so much money. Maybe you can suggest he stop gambling after he wins that money because his passion will be bigger than before, so that can make him play another game. The gamblers will lose their win money if they still try to play more games because he will want to get another winning. But I don't know about that.

If you are a gambler you got to overcome your habit of greediness. Most of the gamblers lose their earned money only because of their greediness. If the OP was not so greedy, he would have been enjoying 30 eth as it is not a small amount.

Can't say about most of the gamblers, but definitely not all of them lose everything they won. Here's a recent example of a guy winning big and spending a big part of it on useful things right away:

https://bitcointalk.org/index.php?topic=5242283.0

I myself lost on many sites all my previous winnings there, but those were amounts from $20 to $50, the amounts I could afford to lose at the time, although not without bitter regret in some cases. But when I won $500 once($1.3k at the current BTC price), I immediately withdrew $470, leaving $30 on the site to play later(took me around a year to lose it eventually).

From my experience, it's pointless to say a guy who won big to withdraw all the money and never gamble again. What is more realistic is to withdraw 90% of it, and leave 10% to gamble with. Thus they will find themselves in win-win situation: if they won big again that would be great of course, but if they'd lose, they'd be happy about risking only 10% of their initial big win.

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. :)

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.

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.

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. :)

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.

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..

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..

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.

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.

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.

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

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.

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.

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

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).

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.

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.

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.

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.

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).

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.

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.

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.


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.

Most of the gamblers are losing money everyday but the scenario that happened to your friend is one of a kind :D.

He started at $100 and then he made 24 ETH on it and then suddenly lost it all and another one is he made 30 ETH and the same thing happened. How come he lost everything? He has been eaten by greediness. That is one thing for sure because if he knows how to quit, he may have stopped gambling at the time he reaches that amount of money. I will stopped immediately if I reached that amount because it is a very huge money already and he started at just $100. You're friend is addicted to gambling already that's for sure.

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.  :D

He must be increasing the bets per roll and has a high odd percentage so he can earn faster and bigger with each bet but it's risky strategy especially when you're using autobet feature like in most dice games. He should have put a stop loss especially when the rolls is not doing good and in a lose streak. But even if he's in a win streak he should always have an exit point to not get rekt.

I guess that is what he did because he lost everything in one day. He doesn't quit gambling when he can have those balances, but because he has greedy, that attracts him to have a passion for winning more and more. Using the autobet is not be a problem as long as we can manage how long the dice should run, and we should stop if we think it is enough to use the auto. Sometimes, when we can get a winning streak, we want to make another winning so that it can lead us to get the other losses.

 i think this is pretty normal for most gamblers includes me  . building balance can take a long way and take some patience but suddenly you will go in a state that you wana play again ( this time with huge balance ) and suddenly you will just carried away and gamble all what you got . i dont know what the science behind this but it just happen  .  you will only notice it once all are gone  . then you are going to repeat the same mistake again and again  ,  this sucks but i think we should find a way to combat this asap  

Perhaps, your friend is taking all the risk in order to win huge amount and also to quite lost it in just one day, I've experienced playing in some gambling sites and earned some, not too big. But when I am getting excited, I tend to bet all in. That is when I could lose every amount of funds I won. So the lesson here is to not always see the positive side of winning, we can earn but we should not be complacent to always win. In the first place we think of gambling as a risk, in that way, there is a huge possibility of us to lose.

I think this happens to addicted gamblers and most of us are addicted up to a certain point.However winning like 30 ETH is a big amount of money if started out with a small amount.If I won that amount I would stop immediately and cash out 20 ETH and then I would have continued to play until I win more or I lost everything.

It is essential for people to know difference the need and desire. Everyone wants to make lost of money from gambling but we also know some facts about it and should be reasonable enough to know that if we have some decent amount we should not become more greedy and quit and take money and only from the profits made if still want to continue can be done upto a certain %. But have seen people not only losing those profits but later on the money played with initial capital is also lost inspite of winning big  amounts at some point of time.

I personally believe it's because most gamblers are looking to win life-changing amounts of money.

Although turning $100 into 30 ETH (approx $6,000) is definitely a great win, $6,000 is certainly not a life-changing amount for most people.

Even in the poorest countries, $6,000 is only around a year or so salary.

I see it often, people bet their leftover salary (disposable income) in the hopes of winning enough to money to live on comfortably for a significant period of time. Unless these people successfully get this, then they're unlikely to stop gambling.

Can you specify what's the exchange rate of ETH at that moment?

You mentioned your friend started at $100 usd and manage to have a balance of 24 ETH, so we can't tell if that amount is big enough already that would make him stop as you don't mentioned on your post. If we based on the current price or let's say we will price 1 ETH at $150, then your friend would have cash out $3600 if he have stop.

but like the famous song, don't count your money while you are still on the table, there's a lot of counting time after you gamble.
It means you only win if you made a profit when you stop.

That's more likely a gambler's mentality. A gambler would usually play despite of the fact that winning is not certain. Once an individual experienced winning, regardless of his losses, he would continue and urge to again experience 'that' experience. Only few gamblers are being able to save their winnings, most of the gamblers are again using their winnings to play and eventually it would consume more. It is a matter of discipline. If a gambler won't control his self, such scenario would be the outcome.
It is not as aeasy as it sounds. From how I understood gambling habit, the bigger your winnings are, the more you would play and engage your money in it. It can be associated with psychology, in particular with learned rewarding system. A habit perhaps, would be sustained through rewarding system, reward in this case is winnings, and the habit is playing more.

In an addicted person, that difficult to advice them to stop on the usual habbits. They don't even think about what future might bring, if there's money then it'll have to be spent and didn't even bother losing it with gambling. Once a winning profit comes, they'll become unstoppable and more aggressive.

He made 24 eth just for 100 capital,and again managed to make 30 eth just from the bonus he received but yet losses everything in 1 day.
in this point the only answer is Greed and not being contented,that 30 ethereum is Big enough if he only managed to control His eagerness to play more and more.this will be a best example for gamblers to learn that we cannot be a millionaire in one day so have limitation whenever we gamble.

Gamblers are easily taken over by Greed, especially if they are having a good run. This happens to me a lot, I always push my luck to end, whenever I start losing I chase for my losses until I end up losing my profit or even ending a day with a negative. Turning a small amount of money up to that amount is really difficult, he must've spent a lot of hours playing. Just imagine how much time and possible profit he wasted because of greed. He should've learned his lesson the first time this occured.

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.

That addicted person will not think about stop gambling, especially if they already make a big win. They will try to continues playing gambling because they want to get another winning. We don't have to follow their step because we want to have a bright future if we can win big money, so we need to stop gambling as soon as possible after the big winning. After that, we can count how much money we have so we can make another plan with that money, and we will have the cash for another thing.

As I keep talking about greediness, that we should avoid it it seems like it is very natural to every gambler. Pushing the limit of my luck is quite out of line but it is your decision what to make so you should be accountable for it, win or lose. There are times that being greedy will give you what you don't expect to have in gambling but that requires your luck to have a luck, most of the time greediness is what will keep us broke.
If you are having a good run on playing, try to have a limit when to quit it's not always good, not always christmas.

That aggressiveness control the tempo so instead of quitting they choose to continue and try much harder, thinking that they will continue to win more and not being bothered that luck may passed them out and the next thing to happen is losing everything again.
Addicted gamblers don't have the right mentality in terms of when to quit and how to take advantages of certain situations, they are only care of keep pushing forward.

What's interesting and sad at the same time is that none of us is immune to the temporary addiction(let me call it that way). Even if we are not problem gamblers and we can easily stop playing in most cases, it happens from time to time that we become addicted for a day or two. A possible solution would be to not keep more than you can afford to lose on a gambling site, and to think about whether we already lost the amount allocated for gambling before depositing again.

Yea, but that is typical nistake many gamblers do. After they lose big time they think the next bet will be the wining one and they will cover complete loss and make profit above that. That is, of course, wrong and in most cases only takes them even deeper into loss.
Such a feeling that every next time will be win takes you over so easy and if you don't have enough selfcontrol you are lost.

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.

 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.

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.

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

 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

   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.

We can read lots of experiences that is just similar to this where they havent able to quit when they are making money until they bust it all.
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.

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.

Did he was using martingala? If he was using it, losing it all is pretty common.

That's what I've been thinking too since no one could lose their whole hard earned money in just a single day. Sadly, OP's friend might have to learn the hard way of giving a value of what we do have and thinking that they could just earn an easy money on a single day too. Gambling is designed to take money from their player slowly since it is just a business.

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.

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.
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.

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)

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.

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.

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.

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.

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.

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.

When they usually start at a small amount and win a big amount eventually, that kinda changes the mentality of a gambler, they could think gambling provides easy money and they'll only realize when they make a big mistake which is not knowing when to control themselves.

we need to understand the personality of the person playing:

1 - Is an addict and greed

2 - Is very convinced (the type of person who thinks he always wins)

3 - Is naive or amateur

we have 3 options that can be analyzed. be it as it is very difficult for an addict to stop gambling, that's why I can assume that addiction and greed were the factors for this unfortunate event

I think the most gamblers are losing big winning again is that it's all digital money.

You haven't seen the money so it's very abstract. Personally that's why I lose some big amounts before. I lost easily $1000 on dice and didn't care about that. If I would had that money here on the table I wouldnt even doubt about it to gamble that.

Is the responsible gambler part of the 3rd personality?because i thing there are long time gambler but ( that we cannot consider as amateur) they are just visiting casinos just to have fun.

well i don't think thats the case because even in live casino if people are greed he can also lose Huge as this is already an attitude.

how was that possible to know if its your lucky day or not  ? that was cool if i have that skill but maybe they believe or look on signs which is  i think is only a co incident but one thing is for sure that the longer you play the more money you will loose   .  i mean playing contiously on the same  pattern because this happen to me also  but know i just take a break and change strat as much as i can to make the system confuse and its surprisingly working on me most of the times 

Constantly chasing loses kills most gamblers, the entire idea behind a casino is the house edge and once you start playing hundreds of hands or bets it starts to catch up

The reason for this is overconfidence on luck. And you know what? It's absolutely normal for gambling addicts. Look, we don't get a lot of winning streaks all the time. Psychologically, when we get a winning streak, we start to believe that it's a miracle which will continue.

The second reason is, psychology of self betrayal. How many times have you won big and then thought to double it and actually indeed did? Lots, at least me.

So, when I have made 0.1 btc from 0.001 btc and then successfully doubled it to 0.2 btc, and then when I would want to double it to 0.4 and if someone tells me to stop else I will lose, I will say "hey, you told me to stop at 0.1 too, but I doubled it right, so you shut up" and by this I start to gain overconfidence till the level I lose it all. :)

Losing $1,000 in dice would be the worst experience you have. I think many others have got the same experience as you, but we can avoid the same thing that we did if we can be careful while we are playing gambling. But I think it is easy to lose any amount of money than to win any amount of money because if we gamble, we will difficult to win.

Losing $1000 could be a small amount for other gamblers, that's why we set our own limit as we have different capacity in gambling.
Some gamblers could even lose $100,000 in just one night, but life is normal for them as they have a lot of money to lose, limiting or gambling what you can afford to lose is always the best rules to follow, that way, we can avoid getting greedy, especially if we are in a losing situation.

I think this is how most gamblers are, from time to time there always some event that they won big time and didn't go home with that huge winning money. instead, they want to play more and bet double. this is the reason why many casinos are not closing because of this kind of dumbness. after they win big, they don't know how to use that money other than going back to gambling. so, instead of winning, they ended up returning that money to the place where they got it by losing all of it. to be used later to get another money from them.

That is why in any real casino, the game goes to the chips, not the money - people thus lose them with greater psychological ease. In the case of cryptocasino, I can assume that many major losses were made there with easy money - profit from airdrops, profit from bounty campaigns, etc.

No wonder I feel, even in the past I also experienced events like this and the thing that I realized after having a lot of money from the many wins that have been achieved is that I feel I will easily win the bet until I finally have the courage to take bigger risks, Of course big odds and big bets are the main choices every time I bet, but in the end that arrogance led me to bankruptcy. So the reason for cases like this is about not having control and enormous greed that will certainly make us feel arrogant.

Normally big risks = low chance of winning the bet.

Does that mean that you typically play low odds bets, which should mean you don't win very often right?

Overall, I think people that play a lot of small bets are more likely to be in the hole than those that make a few big bets. That's just how probability works. You move closer to the expected distribution with the more bets you place.

Regret do always come in the end which is always the thing that commonly happen because people would only realize things when they have encounter some experiences which made them think that they have
might able to win big if they have completely stop midway or to those times that they've been hitting big.

Greed is really hard to resist which is totally been always a part of being a human where these motives will just eventually come out when we are dealing with money.

Gambling industry is vast and a very profitable business because of this kind of mistake on where most people do commit.

Most people? I think not, I believe only few really commits mistakes and majority are just enjoying although they risk a big amount of money.
Gambling business does not want people to get greedy because that will affect their future, if the government sees a growing problem related on gambling, then for sure they'll ban gambling just like other countries do, so a healthy gamblers would help the business industry to have a healthy future as well.

It seems you know very well how gambling works, bro.  :)
Yeah, you are right. But as people always play again and again the gambling games, it means they agree with it. Even they realize that commonly they win a big amount of money after losing a bigger amount of money, but they still gamble there. If we analyze with financial or economic calculations, we are probably always losing but some people consider the entertainment that is priceless.

It all comes down to self control and not get greedy like a lot of gamblers do, I myself have done this in the past where I was able to build up a nice amount of Bitcoin with one sportsbook but got greedy and bet it all on one game and lost the bet. If I had of stuck to my strategy I would of been sitting a my bankroll less the 1% I normally bet on games. I have now learnt my lesson and only bet 1% of my bankroll on each game and stick with it. Bankroll management is also very important and I think not a lot of gamblers use this when gambling, set limits and stick to them.

Not all gamblers do fall at the same way because there are ways a gambler can avoid losing all of his winnings by just one day. Maybe your friend have a problem on his budget management because if he minds the amount he bets, he would not fall to loose all of his winnings in just one day. Having such amount of ETH is already that big to loose in just a day. If he managed his money well, the amount of assets he have in hand can be spent for days and not just for one day. He can do also have a chance to win more than what he have if he just take a better look of his playing behavior and management of his budget well. Strategic intervention must be done for a gambler to avoid loosing all he have won for days of playing in just a day because such experience is awful for a gambler earning those and just loose it like a bubble.

Unfortunately, your friend just becomes lucky, the story has a title: Newbie luck. 
From $100 to 24 ETH is not hard with correct money management and luck, your friend should learn when to turn off the pc before starting the same cycle again. Big lessons have a cost, hit and run strategy never dies.

Because of greed? There are people out there that were able to make profit and never return to gambling. But, yeah, the number of those people are actually low.
Most gamblers does lose money in such a way. They play for weeks to build up profit, and boom! They lose everything in just few bets. This is because the house always has an edge and in the long run, it is the casino that will always win.
You make profit, you leave the casino with your profit to never return.

That was not good news to your friend who really loves to play gambling, most of the people today would like to play gambling because of the lockdown most of them now cannot make it to the gambling casino but luckily we have now gambling online and one of this platform is the stake.com, I think your friend does not have enough capability to win all of his games this is base on my conclusion only. In gambling you must need to become knowledgeable you must need have a lot of ideas, information and knowledge to make a better decision in gambling let's say he already has that and win some of his games and now he is facing some problematic actions while playing he must need to do some critical thinking to avoid getting lost as a gambler we must need that, now even he lost already it is better to make a list of conclusion why does he lose on the game by that you can make an idea what are your mistakes so soon you can avoid this again. It is better also if we keep monitoring our profit and losses because by that we keep aware on our selves that we already lose a lot of money and we can now stop for the meantime to avoid continuously losing sometimes there is a term called "momentum" in gambling if you lose this you can not make focus on your games and having a loose steak now.

I like how you said it, hit & run strategy never dies! Only one thing is sure here, we all learn and build experience over time, how to make profit and most of all how to keep the profit and not lose it all. I had many similar gambling nights, where I get into good profit and in desire to make more, with feeling that I am on roll and that I can win much more, I rise bets and after some time I simply go to zero!
The same will happen again to me, I am sure, when I get carried away I can do something stupid again. It's gambling after all and we play for excitement, it's easy to get blinded by big wins, desire to win even more, we can't run away from that, at least some of us!

This is called recency bias

And it is a serious issue not only with gambling but with trading too, which is, to tell the truth, not very far from gambling (at least, for the majority of traders). Our brain is wired in such a way that we intuitively consider most recent events and circumstances as most important and significant, failing to see the bigger picture. In general, this is a good strategy overall, but it can play nasty tricks with our decision-making machinery

So we start to win and our subconscious tells us that this will go on. Most people base their decisions not on strict logic and rational considerations but rather on their so-called gut feelings, the voice of the subconscious. No surprise they end up losing their profits, whether it is gambling or trading. In fact, we are all vulnerable and susceptible to this illusion

I think that our subconscious voice is always wrong but we never take notes of what happens during a gameplay session or a trading decision.If we do I am think that sooner rather than later we will start to stop listening to this voice which would be translated in not losing big amounts of money anymore.

I can't imagine his face before & after he won a big money and suddenly lost everything he had in his pocket. I think he bet a lot since he started to play gambling, so he managed to win a lot and lose a lot in an instant. I guess your friend had a great experience in gambling activities. I never won as much as he did but I still manage to broke up when I know that I can't control myself even it's losing or winning. I don't want to risk many as I can knowing that I might regret all my losses in the end. I'm happy to gambling just for fun.

Your friend better they do is to save the other coins they win on playing in the whole months I amazed because from such amount they grow it very big and I think lesson learned to him is to control his self for the time they play again.

If I get that amount of money or win huge from my capital I will keep it safe the others and I will withdraw it and I will play the rest because once your money is in the gambling wallet by time goes by you play you did not notice that is all gone because you are busy to get a target.

There is a saying that goes "regret comes in the end".. that's probably what his friend is feeling after he lose all his winnings.
If you can see the future, you'd probably do the right things all the time, but this is part of being a gambler man, once you learn from your mistake, you'll sure mature.

As the saying goes, if ifs and ans were pots and pans (there'd be no work for tinkers' hands)

Long story short, it doesn't work like that. The rational decision making requires time and conscious effort. But when we have no time, we have to react fast on the spur of the moment. Naturally, that means relying on our instincts and automatic responses. Needless to say, more often than not this leads to wrong decisions and suboptimal choices resulting in losses

It goes well beyond things like gambling and trading, and it is a very serious issue. For example, pilots are trained to discard their impulses and follow the flight indicators, but they still default to their feelings in cases of extreme emergencies. There is no way to override this system once it takes control, which happens when we become overwhelmed with fear or greed

Hopefully you can win so you can prove to yourself if you can really follow your plan.

Actually mate, just like a regular gambler, we all do planning before we gamble, but sometimes we loss control, instead of following it, we do the opposite because our emotion has taken over our head, that's why discipline is very important, but you'll not gonna master that easily, it will take time a lot of experience to learn and mature as a gambler.

and Regret of being greedy  ;D

Imagine that he had already Big winnings and he accumulate for months but in just 1 day he spent all and turn back to zero?

This person is totally Greed and addicted ,he will never win in any gambling that he may attended because he cannot even reserve some amount for another day,He will always be a LOSER.

This is a known fact, casinos know that if you were using your money directly when you are betting you are going to be discouraged to bet your money because you are going to think of the consequences of it and what you could do with it, but if you are using chips things change and people feel more at ease to bet that money because they do not see it as money anymore which is why in any casino around the world you're going to be forced to exchange your money for chips if you want to bet at that casino.

He is excited in the money he won and he does not know how to handle it and this is dangerous, not knowing what to do and how to control himself and this case is not isolated, it can happen to anyone and mostly to newbies at their early stage of playing.

For me I think if I ever win something SO big that I have never seen in my bank account before, then I might have a different reaction,,, however if it is a few hundred or even a thousand, I would still try to win more. And this is exactly what happened to me several times anyway. But I promise if I win jackpot lottery, I will keep most of it, after buying house and paying off all loans.

I think that money cannot be handled by everyone and fore some of them when they win some big money instead of following the basic principles to move away and not to bet further then greed overtakes them and they play more considering they can win more and many times you might end up losing lot of many. Also if people can invest rightly this winning amount can multiply in coming years and can make them more wealthy as well.

I can add just one more thing, it's a difference between trading and gambling in this specific moments. In trading you need to spend some time while you set up trade orders, not too much of course, but it's a lot more than you need to raise bets and make another few spins on any slot for example, couple seconds to decide your next bet on roulette. Just a point that in gambling everything happens faster, and when you get into a fire mode you can spend a lot of money and lose everything or win a lot!

Most of us probably would stop at making like 1 ethereum, let alone reach to 30 ethereum levels, all in all this person knows their limits and tested it and failed, now at least they learned something. I had something similar back in the day, not as big as him obviously because I am not that rich at all, but it was the same idea with the amount I had so it works out pretty similar.

I had a certain amount of money I earned from somewhere that I could have used very well, but it was from a casino so they put it on my account and instead of withdrawing like a smart person I gambled with it instead and earned more than 6 months of salary for me, and I lost it all of it. It really teaches you to be more careful about gambling and never had similar problem ever again.

In fact, if people understand everything but continue to consciously play (I exclude of course the case of painful dependence), then there is nothing wrong with that. It’s just a waste of money on entertainment, just like spending money on a movie or going to a restaurant. You pay (lose money) but in return get the service you are interested in.

Mostly but there are still gamblers who would stop at the certain limit that they have set once they've win it. Just like me, I don't set too much expectation and amount to win. Learning from the experience of other gamblers is suitable for those who don't want to do the same mistake.

It actually does teach a lot of lessons when you were able to go through this situation.

a greedy gambler does.

it sucks to hear about your friend's loss but it is common for an undisciplined gambler to become cocky or greedy(and your friend is one of them) when they are on a winning streak and that is one of the biggest flaws of an undisciplined gambler. gamblers who have patience, control and discipline would never lose all that in one day. that is why you have to stay cool and composed especially when you are on a winning streak.

There are two things that cause a person to lose a lot of money on one betting opportunity and that is:

• High self confidence.
• Bet with strategy

High self confidence, A gambler must have high self-confidence and more often known as the courage to bet. IMO If you bet a large amount of your money on one bet, then you will also have the chance to get a higher win. Big wins are for those who bet big amounts.

Bet with strategy, Gambling strategy is intended to get a higher chance of winning than without strategy. Martingale or other types of strategies are also a cause of great losses like this because you have to entrust your money to the strategy you play if you want to win.

I would not say these gamblers are the arrogant gambler category, but they can be said to be brave gamblers. Whether he wins or loses depends on his luck.

Correct, you got my point. That's what I mean, entertainment is priceless, that value should be more than all money we spend on it. But it is only applied to people who think about entertainment. While for people who gamble only for money, they always consider everything based on the amount of money they can earn. He never enjoyed the games because only play on money based purposes.

In real life, though, it is the other way around

When you should make your next bet is entirely up to you, i.e. whether you make it in a second or in an hour doesn't change anything (unless the casino is going to run away within that time span, of course). In other words, nothing is going to happen faster unless and until you choose so

However, things are quite different in trading where what you do, or do not, is determined by the environment, i.e. the current market situation. This is where the speed of your responses may become a matter of life and death, figuratively speaking. Sometimes you should act fast and sometimes you should wait instead, and that depends on the market

Because he is an greedy idiot, sorry for truth. Your question is resolved now.


Ha ha, classic! That's how does it works. You think like "ah, let's try again, let's play one more time, now i will win for sure!" but this is not how it works. Even honest probability is not acting like "he lost 3 times, so now he will win". Every single gamble round is separated from previous and next, so your winning chance will still the same all time. And it's very low  :) But on long distance you will lost everything, doesn't matter how much you won before/

So do we already settle that is really indeed greed that will make gamblers play until all their money is gone? I don't know any other reason for this though.  :P

Quite funny when I read this but this is the truth.

Your friend is a greedy idiot. A gambler who started $100 and ended up with almost 24 ETH at most is not a common scenario for most of the gamblers. Most of the time they end up losing their money or they will win a bit and then lose it all. Your friend has once in a lifetime opportunity to go out with 24 ETH and another with 30 ETH and yet he chooses to gamble. He is a greedy idiot who doesn't think of going out if it is time to get out of gambling already.

The sad part is after he accumulate those amounts for long playing then all of a sudden he spent and lose them all in 1 Day that is the stupid thing in this way.

it is ok if he did just play and lose partially like what he did for those days that he is gathering the almost 24 and 30 ethereum.
But the idea of losing each for a day?that is a greedy idiocy act.

and I never said they are arrogant. being greedy and arrogant are not the same. it doesn't matter if they have high self-confidence or bet with strategy as long as they are greedy and doesn't have discipline they are bound to lose no matter what their strategy is.

If you have a strategy and manage to follow it through, you already have discipline

With that in mind, we can assume that a) you (by you I mean the person OP talks about and their likes) don't have a strategy, b) your strategy is not working and the gains are simply the effect of luck, and c) you become so greedy that you lose all caution and fail to follow the plan. Other than that, I agree that arrogance and greed are different things even if the outcome is still the same, i.e. loss of money

I think he get a superman syndrome where he thinks that there is a unlimited winning streak. I think it is better if we will also think the money that we are going to lose not only the money that we can win. It is really a regrettable decisions because he managed to increased his portfolio with many days but he only lose it in just one day. Not only once but twice, I think this scenario can also help us specially if we experience to feel greed. Avoid having superman syndrome because it is one of the major reason why our gain can become losses.

I sometimes have that kind of superman syndrome you are referring and I would say it's really bad.
About being so aggressive in gambling as in the end, we will only lose a lot of money, and gambling sites will be the winner.

Our emotion is our weakness, that's true, if we want to earn success in gambling, we need to ensure we are in control of our emotion.
It's like going into battle you need to retreat when you are outnumbered by your enemy.

I like the term, 'superman syndrome', lol it sounds that you are really bullet proof and invincible, however, this is real life, no one is going to have an unlimited winning streak in gambling. Even those poker stars sometime with all the skills they have are not enough to turn their unlucky streak into a winnable case. I would admit that I fall for this kind of 'superman syndrome', but as I mature I learn to get out when I still have money in my hand.

This is better than chasing our loses.

I've experience both chasing loses and being aggressive when winning,  the feeling when you lose more because you keep chasing is more disturbing, can't accept it easily especially if it resulted to gambling more than you can afford to lose. When winning sometimes, I like to make more, that is greediness and I understand it but that our weakness as a human, we need to learn controlling that, not just to win but to minimize our loses as well.

Imagine you put all your effort and you win but you did not stop at the right time, so you ran out of luck in the end.

Because they are gamblers and betting on the edge is what gambling is all about. If you make them win big they'll be more daring in because they'll think they're lucky.
They'll also have a bigger margin of error having more money in their wallets so they'll still be able to lose 50% without blinking an eye, regardless of whether that 50% is $50 or $50k.

The situation you mentioned was unfortunately a bad experience for your friend. Undoubtedly, the main reason for this situation is due to the greedyness of people. Although the person has set a goal for himself, he continues to bet with the ambition to win more if that goal is achieved. Afterwards, the balance is deducted below the target set first and the person continues to play to reach his target again. Of course, in this process, the current balance is gradually melting and finally ends. This is not just a behavior seen on your friend, it is a behavior seen on almost all gamblers. First, we lose after psychology of gain and then because of loss psychology. There is also a psychological problem for everyone who gambles, and the happiness gained with $ 1 is less than the sadness achieved with $ 1 lost.

If you lost that amount when BTC was around $200, and today you see that it's $1,000, I can relate because the same happened to me as well. But I can't understand how could you not care about losing $1k in BTC when it was $1k at the moment. Have you never exchanged your BTC for USD before? Because only in that case you could see those thousands of sats as some virtual "play money" with no relation to the physical world. Once you exchanged it, you feel they are real.

Whatever the reason that guy lost 30ETH in one day, it wasn't that he thought the money was "abstract".

It is difficult to know how to stop while you are winning, while the trend is positive, my strategy is this if I win what is more than the budget that I have allocated to the game I put it aside and do not replay it

I have to think that your friend is enjoying the moment and is willing to lose.

Maybe we should care much and get surprised how he did it but never ask why it brings his level to that point. Asking him might tell that he was bored enough to win or he has a lot of money which he tried to enjoy. The situation may not enough to tell that he probably out of his mind and might think he has a problem because some gambler won't make that stupidity, not only if they are chasing their losses to recover.

I have something in my mind why gamblers can never hold onto big bag. Even though i'm not a gambler like your friend but this is the only thing I can say about why gamblers can't hold on to big bag is because of greed. Gamblers will think of getting hold of more or much bigger bag than before that is why instead of holding the bag and keep it but still want to do it.

it cannot be all the time associated with people's greed, you only call yourself greedy when you set a target, you hit it but you still don't stop because you are longing to win more and more, that's more life greediness to me, but I think in this case, he has not set a target, so he is gambling without a direction, so he won't reach to a specific direction.

That's one of the reasons brick-and-stone casinos use chips

Indeed, chips are more handy and convenient overall (compared to paper money or coins), but we shouldn't throw away a psychological aspect of them either. As the case described above proves, most people deep down don't feel like they are playing with real money, and that's what casinos want. Otherwise, gamblers would be way more cautious, careful and prudent with their shekels. That's not what casinos want. They want you to be reckless and wild, so when you see a pile of chips, they are just that, round pieces of cheap plastic

Over confidence is another reason why the gamblers lose all the money in one go. A sensible gambler will never lose money all at once. He will play slowly and steadily. When you see a person making big bets, the reason is that he is playing with emotions and greed, and he will lose sooner or later if he continues this.

that is effect of Positivity in playing mostly confident but after a couple of losses they changed to desperation and that comes the losing of all the money goes.

This is what we must prevent to happen and we must learn hot to get this kind of thing out of our mind.

I think some gamblers might have the illusion that it is easy to win money from the casino when they are on a lucky streak, but I also believe there will be times when the gamblers run out of luck and that is the moment everything starts to goes badly for them. Without any self control, the gamblers will simply lose all of their money back to the casino within one day.

Being overconfident is somewhat related to greediness because both of them give the same result to the gambler and that is an imminent loss :D.

For me, a gambler who has a plan when to stop whether he is winning or losing is the best gambler. This just mean that he can control himself and he has plans to do whenever he won X amount of money and if he losses. Person making big bets are really greedy but this scenario is the greediest that I've seen. Started from $100 and have 24 ETH but he chooses to gamble and another one is he has 30 ETH and he didn't stop there and chooses to gamble more hoping that he will earn more money :D>

As long as we don't greedy to make more money, we can stop gambling anytime. Greediness will be the enemies that will prevent us from stopping from playing gambling while we are winning.

Your strategy is good, and I think that is what we must do after we win so we don't have to get another loss in the next round. That can prevent us to see the passion for playing gambling become bigger too.

^ Definitely right, dont be too greedy in gambling if you are in a winning situation. Because the more time you have been spent in gambling the more of chances that you probably lose, but luckily if you will win for how many streaks but that is rarely happen and most likely it will end up losing. Be contented of what you have gained from gambling or it is good if you have allocated an exact amount of your money in gambling so that if ever win or lose you will stop.

Even if we win some rounds, we recover the loss that we already got before, but that is not the real winning because we win to cover the lost. If we can know that no matter how much time we spend in gambling, that can only give you the chance to lose. It is better to feel enough is enough, so we can know what we should do if we lose or win. Besides that, we can know about allocating the money that will be used for playing gambling.

For me I'll just stop monitoring my loses as I don't want to give this a headache in my gambling activity.
The thing is, when you keep thinking of recovering your previous loses, you'll never enjoy gambling because it's given that most gamblers loses .

So, if your purpose is just to have fun, you should focus on what you have in a certain session, and enjoy gambling, regardless of the outcome.

If we gamble and win we think the same scenario will going to happen again. The reason why some of us keep playing for the hope we can get back what they lost or win the same amount like before. Its easy to spend the amount we didnt earn from hard work thus it would be better to have a plan how to manage it by having a limit how much to spend in gambling.

When it comes to playing, there are times that you will win, but we all know that after all those winning, you will suddenly lose because luck is not on your side everytime.
In this case, your friend might have face his losing streak and tried to take his losses back, unfortunately, your friend wasn't able to do that and end up losing all his money.

That is in fact, true especially if the games that you are playing is dice game where there is no significant signs if you will win or not, meaning to say that your basis to tell if you will win is the previous game that you played. What happens is that, the opposite of what we think which is losing. That is because gambling and winning doesn't certify us to win always, there is always a chance to lose and perhaps, it is higher than the chance to win.



Not all the time, sometimes there are people that knows how to value funds even if it doesn't come from hardwork. Traders I can say, they didn't allow their funds to be lost so they always execute decisions based from the market graph and condition. The same as in gambling, what we need is control. Control to say that we have earned enough because with greed, we can lose everything in just one day.

What you are saying is that called" Beginners Luck" in which most newbies has given opportunities and experience the winnings but just after that the Losses starts and they will become addicted to chase those wins from the past.
He is not chasing losses because he wins more than what he has as capital what happens here is that OP's Friend becomes Greed to chase for more wins and not leaning back about the losing he got.

He lose a bit but he got a big regret for this lose, when you are up and you are still thinking to win more, there's a chance that you'll end up with nothing because you will lose everything, that's pretty normal in gambling, one can start with a small bankroll get aggressive while gambling to win big amount and if it happen it happen, the problem is when to stop and just cash out to enjoy it.

If we can only get contented, we can always enjoy our winning by spending it to whatever we like to buy, then start a small bankroll again and try to win big just like what we have done previously, I think this is quite better than losing your winning instantly.

I personally can't relate, because even when I play poker with my friends using a cheap poker game set like this one

https://i.imgur.com/F6mmi6c.jpg

those chips feel valuable to me like real money, even though we never assign cash equivalent to them(we don't play for money, it's a friendly game).

But that's not to say that I disagree with you. People are different, and, indeed, on most of them real physical money produce some "magical" effect that chips and other substitutes fail to produce.

Gamblers who have huge bankroll most of the time thinks that they can comes out with decent profits, trying to keep playing while funds still doing great and some lucks gives them hint, but in the longer run those lucks start to fade and losing streaks begins to show up and with aggressive approach this gamblers will only realize that everything was gone and busted.

I will think of the opposite, gamblers who have decent bankroll are more discipline and compose than those who does not have.

here's what I believe.
Gamblers with huge bankroll are strict with their bankroll management, they focus on the long term profit using their consistency in gambling.
Gamblers with less bankroll are usually aggressive because they like to grow their money in many folds thus they are taking a huge risk.

As you have already mentioned on your topic that your friend easily got 24 Eth and after losing everything again made 30 eth through gambling. Yeap,,,its the nature of gambling where you can easily make huge profits but chances of being empty pocked is also higher too. Self control is the only thing which can help you to make some easy money but if you play aggressively than definitely you will lose most of your funds. You can tell your friend to make some study about the word "Greedy" which may help him to hold his winning fund in the upcoming days.

Gambling is the only platform which can make you millionaire just in one night but have chances of being bankrupt in the morning. That's why people love to put all blame on their luck. 

Well as for me, I would not blame my luck, rather I would blame myself as I am the one making the decision and I understand that a gambler cannot be lucky all the time. When seeking to become a millionaire in gambling, that seems to be a hard mission, unless you have a decent amount of capital close to million, but starting from a small capital and you want to turn into million, you'll need extreme luck and of course discipline to be able to stop at the right time.

We can't have to blame luck because luck comes without we want, and the luck will go only to the right person. But we should know that playing gambling will need luck so we need to remember that if we cannot win on the gambling, then we should stop for a while, and think that our luck is not coming to us. Getting millionaire from gambling is possible, but many people don't realize that, and they still chase that from time to time. If they can consider that luck is one important, they will not try to force themselves to pursue the luck by playing more.

Yeap,,, you got my point. Strict discipline is highly recommended for every gamblers which actually play the key role during gambling. Who are not well disciplined and have lack of self control will always run after big wins and as result it can bring huge losses anytime. Most interesting thing is that in the field of gambling its quite rare to find well disciplined gamblers. Professional gamblers have their own strategy, discipline and self control which drive them during their game and save them from being bankrupt.

That's correct, and we should not be surprise that some countries ban gambling because people are losing money that they are not suppose to lose anyway, they need to bet only what they can afford to lose but they does not have that control, so instead of educating people, government make a drastic measures by banning gambling in their country.

Most gambler could never hold onto big bags because they couldn't control their self they couldn't control their greed they would want more they would keep on playing until they lose it all or they get what they wanted.
It is simple as that it is like what my older friends told me back when I was still in high school some people wouldn't go to college once they have a taste of earning money from work.
So I think it also apply on gambling some people wouldn't stop once they have taste of earning from gambling.

many people have that trait and it has become a very normal thing because human nature can be said to be trying to get a lot of profit but are afraid of losses that might occur so that only people who can control their patience can get the golden opportunity.

They will never be satisfied if they cannot control themselves because greed will always be with them. But hey, when some people can taste money from their work before they finish their study, they will not continue their study because they think that they don't need that because they already make money.

In gambling, when people can win some money, they feel that it is something important to them because not all people can win in gambling. That can make them play gambling because they want to get another winning, but unfortunately, they cannot always win in gambling.

The only thing which comes to my mind is that gamblers in general are greedy. That's the only reason they always lose the profit which they gain from winning. If gamblers overcome the habit of greediness, they can earn good amount of money from gambling.

This is how casinos operate for the most part. They take advantage of the psychology of addicts, or even normal players, who don't know when to quit. A classic example being blackjack which has by far the lowest house edge of any table game in the casino. Even though over time it's meant to be profitable for operators because of the house edge, the game still takes advantage of people that go bust because of greed.

Giving back what you win is almost inevitable which is why you should only gamble for fun, not to make money.

Obviously it is because it goes into his head, thinking that he might always get lucky if he'll push his luck to its limit, which clearly explained that it can't. Gamblers who don't know how to control their emotions and urges to have more profits will eventually lose their profits in the end of the day, the worst part is that they will never make profits again, I mean it will take some time before they would experience the joy when they are winning huge profits.

They key is to be contented no matter how big your profit is, it is safer that way, nonetheless, proceed with caution and take the responsibility to yourself.

We all agreed to the terms or idea of how gambling can be our one way ticket to being a millionaire instantly. Sometimes when luck hits you, it may bring you the biggest twist of your life which is to earn a lot of money. Yet it will so makes you so sad if the luck isn't with you. Luck isn't thst constant because it will be randomly experience by anybody that is playing gambling.

To the idea of most gamblers never hold onto big bag is that because they always ate by the idea of greediness. If they think or they earn a lot of money that they didn't earn in the past, they will desperate want to experience the earnings. And sometimes gamblers experience the overthinkinh of what may happen to their earnings if they didn't pull put or withdraw it. Some gamblers also into the idea of anything is possible, so if they earned money they will alsp earned it in the future.
And also, if gamblers learned how market works and what things ro be considered in gambling, they will not panic and van wait for the bigbag and stays to hold on. Most gamblers is in the idea of greediness and overthinking. But what can we say? Gambling is one of the most easy way to earn a lot of miney yet dangerous also in terms mo chance of losing a lot of money as well. All of people have different perspective in gambling and also they have different strategy in order to earn money even if it is in long term or short term.

The reason why your friend lost too much money in just a day is simply that he is greedy,

I don't know what is the actual process of his gambling but base on what you have stated, the only reason that I can see is that he wasn't able to control his addiction. He can't stop himself to continue gambling and turns out that he end up having nothing. That is the common problem of a person who's addicted to gambling, sometimes they don't know how much they lose and only realize it after they play.

While you are not incorrect it is safe to assume that it was that greediness that allowed him to reach those levels of profits in the first place, I know that if I was in his place and I started with a certain amount of money and after some time I doubled that amount through gambling I will probably stop right there and think of myself as someone incredibly lucky, but in his case it was that greediness that kept pushing him forward until he reached those profits and it was that very same greediness that caused his downfall by forcing him to keep betting despite the huge profits he got already.

Not going to argue with the "gamble for fun" part, cos  those are my thoughts too. But I think that when we say that something is inevitable we should specify, during what period of time. I mean, you can go bust in a matter of minutes because of bad luck, but, however hard I tried, I failed to find any reliable information on after how many bets you are guaranteed to lose to the house. I have an impression that it is something closer to billions rather than to hundreds. And it really makes me laugh when someone who lost $200 to a roulette game within just 50 spins is told by his friends: "There's a house edge! What were you expecting?!"

This is a interesting topic but the answer is pretty simple, imagine knowing a gold mine and you are allowed to carry gold but if you are caught then you have to forfeit all gold and pay what you had, its almost similar to that where you win some money then you feel for more and go for it if you achieve the cycle continues itself. Now unless your luck exceeds all limits and you bankrupt the bankroll of the casino there is no realistic way of how you would stop. That is often the problem with easy/free money people get greedy and loose all, this is also the concept of how most of the ponzi out there works, they pay you some interest and you invest again this continues until one day they decide the amount is enough to run away with.

The only possible way to hold with a big win is that you must take a break for gambling and realize that what you win is already pretty significant and chasing more profits can make you loose it all.

It's part of gamblers' thinking. We all want to earn and win that's why it's your responsibility to control yourself. If you lose control, you actually lose the money you're gambling.
And also can lessen losing.

I will always disagree in this mindset "Gamble just for fun" to avoid things you don't wanted, okay? but we still cannot deny the fact that even though we're having "fun" (pun intended) we are still going to lose most of our money whether we burst our bets or not, that's the truth. Now, if you guys are saying that there would be no hard feelings that way, I must again disagree, because that is not applicable to everyone who gamble.

Not all of the people could enjoy gambling especially those people that don't have plenty of money. Most of the gamblers who can do that are those well privilege when it comes to wealth, since money is not a problem to them at all, they can gamble all they want, they can lose any amount of money and still, it's okay for them.

I think he need to have control hiself on playing and remind him that he better to have controlling his self on betting amount of money.
It is bad that it happen to him that his winnings amount are lose including the capital that is the reason of the others why losing more money in gambling suggest to him that once he got win withdraw the others.

Control is the most important, for some gamblers they need to make mistakes in order to learn but if they will keep making mistakes then they can expect that they are going to regret their wrong action in the long run.

The experience of OPs friend is not new to us gamblers, in my case, I have a very bad experience in gambling too and that leads me to being responsible now, my experience was more on I continue gambling when I am losing until I lose beyond my budget in gambling.

Could you explain where's pun here? I'm a big fan of those and just want to know what I'm missing (other than pun and fun rhyming perfectly)


If we think about that, it more and more starts to look like a self-defeating argument

Really, if you don't enjoy gambling as a process, i.e. you are not an adrenaline junkie of sorts (as most gamblers are deep down inside) and you are continually losing to the house, which is kinda set in stone (at least as long as we are talking about games of chance, e.g. dice), then what forces you to come back and play again? It simply makes no sense unless you get a kick out of it, even if it is an emotional roller coaster (at first you feel exalted and then depressed)

I think it is almost impossible for the players to deplete the entire bankroll of the casino, as I know some of the online casinos are allowing investors to invest their money into the casino bankroll. This would enable the casino owners to have more bankroll available for their operation, and even if a player got lucky and hit a big winning streak and won himself huge amount of money, he would eventually lose all the money back to the casino if he choose to play against the casino for long period of time.

That ultimately depends on the proper bankroll management

If this management is good, the max bet amount (and thus how much you can win) is tied to the bankroll size, with a decent safety margin (there are mathematical models for that). So if someone wins really big, the casino will have to diminish the max win to keep up the sustainability of its operation. However, this is not always the case, and there are quite a few examples when casinos were ruined by a deep pocket with a bottomless purse

That is really a worse scenario. I know losing isn't the end of our gambling life but being out of control because we are desperate about the losses we have and we want it to recover, it gonna be worsening at all. It for sure you have learned it already and I supposed to think that it changed your mindset and becoming more responsible in your gambling life.
Its a lesson and learn, we can't correct our mistakes if we don't find a solution to it.