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Just want to share.

https://youtu.be/k7aQEqDbuf8?t=4429
He was interviewed on Lex Fridman's channel just today. Funny how he thought it was just $80K but it's actually $3M. Rich men lose more when they get drunk playing blackjack.

He advises about winning and losing in gambling and if you get depressed because of it, gambling is not for you. He meant winning and losing are part of the game where great things and bad things happen.

Losing $3 million and thinking he lost $80000. Alcohol is not good for those that drink too much of it. I think he gambled on a land base casino where you can have fun and be given alcohol. I do not like that kind of mistake, people needs to be careful of alcohol in anything they are doing. It is even not only while gambling but in everything we are doing because during alcohol intoxication, bad things can happen and the person may later blame himself when he feels no more intoxication. Mild to moderator drinking while gambler is better than excessive drinking. Also we should know our limit.

When you are benched on alcohol, you will not know exactly what you are doing, because you will do things due to the control of alcohol. Most times, you will not know what you are doing and when gambling, it is the worst because you can gamble with your entire bankroll unknown to you. It is surprising to see a man like this not that worried on losing $3M on gambling and will still continue gambling.

It shows that these rich gamblers always  lose more than the poor gamblers. Imagine if a poor gambler won the amount that this man gambled with unknown to him. It means that the poor man have hit the jackpot of $3M. It is good that when we are gambling, we stay away from alcohol or whatever, will make us not be conscious of ourselves to avoid great loss that might affect our lives tomorrow.

Lucky for him, he can afford such amount of huge loss. If you are just an ordinary gambler, it will be a devastating moment. But anyway, you won't reach that situation in a physical casino, because you will only wage what you have.  ;D

But being intoxicated to anything, will always give trouble. Even outside casino. So if you think you can't handle yourself anymore, let someone bring you home or bring yourself home as soon as you realize you are not thinking clearly or on the verge of subjecting yourself to shame.

You need to be careful while gambling, otherwise you may end up with such huge losses and you won't even realize it.

Can make decisions that will affect your entire life in a single day, without even realizing whether it is 3 million dollars or 80 thousand dollars, and unfortunately, you cannot take back these things. I agree, losing or winning in games are good emotions, but the more emotions you can handle, the better. This way you can understand your feelings better.

Alcohol and gambling combined are two of the worst things any gambler can do. At first, if you lose in gambling without having self-control, you can just be chasing your losses until you run out of cash before you can realise your self-talk more of when the person is under the influence of alcohol.
 
One of the things that makes it very easy for this man to lose up to that amount without realising it is that he has the money; he is rich, and the funds are accessible to him freely, so he can easily just spend that without even realising how far he has gone.
 
That's really a hefty amount of money. When I see people spend and waste this much on gambling, it just makes me wonder what kind of budget they usually have for gambling.

The ups and downs in gambling are truly real; winning is great, and losing is never fun, but all of that is part of the game. Perhaps the important thing to consider before engaging is having the right mindset to handle both wins and losses. He also considers that he made a mistake in getting drunk because of the free alcohol and learned from that experience. He says that alcohol may be free, but you don't have to drink it. However, alcohol can indeed have a different effect when you're influenced by it, reaching a point where you're not aware of your actions. He's right when he says that when your situation becomes depressing, you need to get out of it. And when he gambles, only his money is at stake if he loses, and no one else will be affected.

These rich guys are not a model of people that other people should copy, in this case Dana White lost 3 million US dollars, but there is news from the past in which they say that he won 7 million dollars in a single night in a casino. las vegas and as they don't mention at all he has already made a lot of money from gambling, so in my opinion the guy is not making a loss by losing those 3 million dollars, he is probably making a profit just by playing. We also have to take into account the fact that he has a large fortune, so he must have many investments that give him a lot of profits every day. Let's imagine in this case where he lost 3 million dollars gambling, probably in a few days

or in a few weeks or a few months his business will generate a profit equal to or greater than 3 million dollars and in this way he recovers the money he lost in gambling. I have always said that for rich people who have many businesses that generate a lot of profits, they can play with millions of dollars in casinos and there is no problem because they will recover that amount of money in a short time thanks to the many businesses they have. . now when it is a case of a person who lives depending on his salary at the end of the month, when he loses money in gambling, that person does not recover that money

because the salary comes in the same amount every month, so the money in the person's bank account will not increase, the bills will increase, so the person has a greater chance of getting stress, depression, addiction and it will destroy his life. while for cases like Dana White's he won't be depressed because he lost 3 million dollars in a casino, he won't become addicted to a serious condition because the guy has a lot of money and a lot of things to do in life to the point that he has little time left for gambling. Happy and rich people can spend a lot of money on gambling and they won't have any problems in their lives.

For those that understand the consequences that follows gambling losing shouldn't be an issue for them but the truth is that no matter how we say this some people are still going to be affected and those set of people are the ones that have already stipulated only winning in their mentality.  Gambling should be understood from an angle of both the losing and winning because it's a hard fact that can't be ignored but the only thing now is not allow yourself get hurt to a fate that you are actually getting ready to meet the moment you choose gamble.

We often hear that advice, however, since we are just human beings and most people prefer to have a quick way to make money, they will continue to gamble even if it makes them depressed because of gambling. I mean, every time they lose their money, they've come down to the point of losing themselves because of it, but they still continue to gamble at the end of the day.

Another important piece of advice I heard in the interview is that is not supposed to be missed by everyone, he also said "I never drunk again when I was playing cards". Being drunk will make you think unexpectedly or make you unable to execute an accurate decision in gambling, it's better to avoid it if you plan to gamble.

He was asked by the host how much was his biggest win in gambling, Mr White said it was just $1M. Can't really believe what the bald man says.
He is the head of UFC, you can't expect him to just stop gambling while he losing money, he said he will return. If he won't let the 80k slide, he won't also let go of that $3M.

He is talking a lot of things in this interview but he is right about a gambler getting depressed after losing then gambling is not for him.

Simple statement but the message is deep.

In other words, everyone should accept that in gambling, there are only 2 results, winning and losing.

However, I understand that for an average gambler, especially those who can't afford to withstand the effect of losing, it's hard to understand that statement. Rich gamblers on the other hand can just simply walk away with their losses and move on easily and that's the reason they can truly understand what gambling is all about.

Of course, there are only two possibilities in gambling. You either win or you lose. Having this at the back of your mind as a gambler is important as a gambler. Most gamblers only look at the possibilities of winning and becoming rich and then neglecting that gambling is not a bed of roses. Gamblers with this mindset easily get addicted because even when it is clear that gambling is taking so much from them they still live in the fantasy that they will win millions and so they keep pushing without setting budgets for themselves. When a gambler fails to set limit and stick to it, he wil have financial ruin and instead of getting richer as he desires, he will continue to lose profits.

The interview revealed that even the rich lose heavily more than the poor but they don't get so much worried simply because they gamble for fun and not to make more money. The amount lost as revealed might be huge for a common man but that is probably what he can afford to lose. This tells us that staking with what you can lose can be relative depending on the income of the gambler. Don't copy another gambler or try to gamble the same way he is gambling because your income might be different and so following him might lead to creating problems for yourself. 

Another thing is that just like any other gamblers, Dana wanted to come and get back his $80k that he thought the lost initially. And some of us has that mentality, to chase down our losses because we don't want to admit that the casino take that from us.

Definitely, don't get yourself drunk when you gamble, you will make a lot of stupid decisions because your decision is clouded. For sure majority of us has experience that. For me, I went max bet on slot games when playing on land base casinos because drinks are free.

If people misremember how much alcohol they have consumed, with some people arguing to me they only had 2 drinks when they actually had 14, then it is easy to to understand that a person that is blind drunk may bet way more money than what they intended on the first place, so gamblers have to make a choice, they either avoid drinking when gambling, have a friend that does not drink with them to prevent them from betting that much money, or they leave all their credit cards and valuables at home so they cannot make this kind of mistake.

For those who haven't watched it, he got drunk and called the manager to give him credit and they agreed to it, even though he was drunk. He thought it was 8k because he passed out after the game and woke up the next morning not remembering all of it.
This is crazy, not only because he was given all that money on credit and they knew he was drunk and would eventually lose it. You don't think straight when you're drunk like that. They could rob you leave you naked on the street and you wouldn't remember any of it. They could make you sign all kinds of things.
Remember folks drink, but don't get drunk like he did. Get a couple drinks and stop, or you'll make similar mistakes.

Gambling and drinking are two deadly combinations to guarantee your losses, which is why physical casinos offer free drinks and energy drinks to excite you and make you lose your focus on the game.

Dana's losses are nothing compared to what he's making from milking his UFC fighters, he has a lot of cash cows on many fighters on his rosters, which is why they want to have more fights to sustain his gambling addiction.
I'm sure Dana will continue to gamble he has a way to sustain himself even if it costs him millions.

That is a bad sign of being drunk while gambling, this is always being spoken against because gambling with alcohol is no combination and it outcome is always worst because the gambler will be controlled by the influence of alcohol and at some point it will rob up on all that may thinks that it enjoyment to get drunk while gambling.


In fact, avoid gambling when you are drunk, unless you are gambling just to have fun from it which will be understandable because you already have the mindset of fun and not to win when gambling while drinking alcohol.

And before that, he has to curse the manager of the casino, to increased it from $1.5 million to $3 and the casino manager readily agrees with it knowing that Dana is drunk anyways and could lose all of that.

That's what I'm trying to say, the best decision by the casino manager that night as they easily won big against the shark, Dana White. And it's really stupid of Dana to request to extend his credit as he is drunk already. Not sure if he is just alone or with an entourage that can simply tell him that he had to stop. But in any case he is the boss so they can't do anything about it. I think we already knows what the lessons that we can learn from the revelation here.

As much as I want to feel bad for Dana, that 3 million is probably going to be an easy money to get back for him being a promoter of UFC and all, definitely not that damaging for him but his advice about gambling is true and it's a really obvious thing too, gambling will always give you losses and wins but mostly losses so either you make it your life to get those wins despite losing a lot than you should or you could control how you would gamble. Remember that not all of us don't got the Dana White money, it's not going to be a good time if that ever happened to any of us, remember that, unless you're an obscenely rich socialite that won't mind losing that much money then good for you but it seems that not any of us is that kind of person, better to check on your gambling spending.

That is happening in so rich humans like Dana where though losing so small comparing
to the actual amount? imagine how much money we are talking here but for Dana seems to
be nothing for him but for people like me this is a life changing amount that can feed even
the 3rd generation of mine.

Well, these are amounts that may seem outrageous to many of us but it's like someone with a more modest income thinking they've lost $80 and after they sober up they realize they've actually lost $3K. In any case the lesson is clear: just like don't drink and drive don't drink and gamble.

Do you think he was scammed by the GM like taken advantage of by the manager there because he was drunk?
Yes. I think so too. They are laughing their ass out for doing it while Dana almost regrets drinking the whiskeys they serve for him. Probably drugged.

All the people on the table that night probably win and he is the only loser on schedule. Drinking while playing cards, the ladies probably sit on his lap too while playing. When a rich man gets drunk and everyone gets to make money.

This guy is a legend, losing $3 million is okay for him? I like to be in his status but I don't know if he is telling the truth or not.

Well, for a guy who has a net worth of $500 million, that's just not even 1% of his total net worth, so he is fine with that as he has a lot of money coming from his business.
https://www.celebritynetworth.com/richest-businessmen/ceos/dana-white-net-worth/

For us, this should not be our thing, never get drunk if we don't have a lot to lose and we are quiete serious with what we are doing as liquor will make us confidence and foolish at the same time, no wonder casinos serving free drinks.

Alcohol is free, but you don't have to f**king drink it.

This is it, when a friend visits a casino he claims they all serve free drinks and thats why he would go there another time to gamble again, I asked how he manage to gamble when drunk, he said it was fun but he did lose his money.

Some casinos have their ways with gamblers, they will get you drunk and you will lose even more money that you aren't prepared for, drinks shouldn't be served in a casino, it's a trick to lose your god-damn mind.

This is a good lesson to learn in the video you shared OP, and I believe that some people on this forum still use casinos that are visible to gamble this days, unlike me that only gambles online.

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This man lost 3M dollars and it's cool with him because he has won millions from gambling, he is a rich motherfucker, do not compare yourselves to him, I think that the casino did take advantage of him by using the free drinks, don't be the next victim.

I guess that's why they bring alcohol in the traditional casinos. ;D It's a sneaky tactic to squeeze more money out of the gamblers.
Online gambling is better, maybe because you don't get drunk, while you are on the computer, or maybe some people do get drunk while playing online gambling. ;D I agree with him that losing is a major part of gambling, and that's the main reason why you can't gamble with money you can't afford to lose. The difference between 80K and 3 million is very big. Maybe this guy was completely wasted. Did he use a credit card or something? Gambling with a fixed amount of money is a must. Never max out your credit card in the casino. ;D

This is really funny, thinking you lost 80,000 meanwhile it is actually 3 million wow big loss, alcohol is really bad because you won’t realize yourself. alcohol will make you enjoy the game even when things are not going right and you keep losing, alcohol will make you feel like you are doing the writing so I will never advise anybody to keep a bottle of alcohol by his side while gambling I see gambling as something you need to do with a clear eye to clear how your game is going the errors and know when to stop gambling is a very big risk sometimes is good sometimes is bad that is just the way of gambling right from the origin. We just have to be careful that it’s all about gambling.

Not having alcohol will be almost impossible in physical casinos. The casinos make the environment appear fun and they know people like alcohol and include it. But people under alcohol intoxication will be reckless and that also applies to while gambling. They will just think they should gamble more. I drink alcohol but I am very careful and that can not happen to me. What I have to blame is the man but it is his money and not mine.

This is not the first time someone is gambling under the influence of alcohol. The last time it was somebody who lost some bulks while on drug. because drug gives him the confidence or mind to play without having a second thought of lost or the amount spent on gambling. But all those are not supposed to be done. Gambling is a delicate game that need concentration to know wether you are at more wining or more losing side. If you are not on drug or alcohol, you may notice how everything is, by being sensitive to know you are losing or wining more. but If you are on highness you may end up continuously playing. having a higher hope of winning till when you blow off your fund, then you will know that you have been motivated wrongly by the alcohol you've taken. So alcohol and drug is not for gamblers. Those are elements of party, not needed in a financial situations. be it gambling or other business deals.

Should we call this a deliberate act by the casinos business owners who exploited him by giving him excess alcohol knowing fully well he could afford as much money as he could possibly lose in that gambling session?, or his carefree attitude that incurred such Loss for him. $3m is a huge money to loose to a casino. Perhaps he's filthy rich and is not bothered, rather advises people of the true nature of gambling.

Nevertheless, being drunk while gambling isn't much of a good thing, because when drunk, you take everything lightly without really thinking of the implications of your actions. He's lucky he could afford his loss, lest he'll be in  some serious trouble settling debts. Generally, we should desist from behaviors that lures us into irresponsible gambling.

Every gambler should be able to have these characteristics in them that gambling is not a bed of roses where they expect to be winning at all time and again should avoid being drunk before they go into gambling site or casino houses. Most times people lost money unconditionally and uncontrollably because they don't know they are under influence of alcohol, and they can lose huge amount of money while gambling just as he did think that he is losing $80k without knowing is already running lost in millions of dollars.

This is a clear indication of being drunk and doesn't know what he is doing, as a gambler we should be able to know when to enter to play gamble and as a gambler you must avoid some certain things such as being over excited before going to play Gamble, and also avoid being too sad while going to gamble. Always remain on your normal state of mind before jumping into any site to gamble otherwise you could lose concentration along the line while gambling.

Lets just say anyone can loose as much if gaming while drunk because you would be out of control about yourself. You would definitely play til you are called to order that your balance is insufficient to proceed with further stakes.

The much and more looses in gambling is not literally the totality of the money lost but what your income is.
I can be unaffordable to lost $200 on a straight game and then I would feel like I have lost everything that I have laboured for in life with the emotional breakdowns of unfit to put myself up in order again while there are gamblers who could lost over $10K on a straight and never feel they lost some funds.
So basically it is not just the riches that lost more but also the average gamblers.

Gambling has its pron and cons which every bettors should be aware of so we could always give counts of our lost and profits out of it in a bearable healthy and financial conditions.

I don't think Millionaires are good with advising people but anyways there are couple of right things in this topic. Drunk gambling is definitely no go. When people are too drunk, their decision making goes very bad. Another important point here is to not lose your control with money, even if you are millionaire. You should always set your goals and limits.

he is absolutely correct, if losing in gambling makes you depressed then gambling is probably not for you, gambling is a extremely risky activity and most of the time you lose more than you win, so if you can't handle losing it would be best for you to look for another hobby or activity to do.

Also, a bit off topic, isn't Dana White the guy who got kicked of a casino for winning too much on blackjack, from what I remember he was up million dollars when got kicked out.

Always not gamble when you are drunk, tired, and not mentally or emotionally stable. Gambling in this kind of state will not only make you not make right decisions but also has risks of losing large sums of money. Although from dana's advice about the risks and being prepared for both wins and losses is important, still, it's much more important to have a healthy mindset and know when to walk away if it starts affecting your mental health.

it's just like don't gamble when you're under the influence of drugs, why? because you don't know what's really happening around you anymore, imagine? You lost 3M but you thought it was only $80k, what a big difference right? Gambling is not really for you if you are careless and lack self-awareness while playing because if it continues, you might end up losing more than you expected.

He said "Alcohol is free." so I think that's where he made a mistake.

$3 million. Damn. It's an amount that I may not be able to have so I don't think I will end up the same. But there's a good lesson here and the other members here are right to not gamble while you drink especially if it is a place that is giving it for free like what happened to Dana.
It's pretty obvious that they serve it free because they know it could boost the courage and ego of the gamblers which means they will spend more and might even go as far as taking a loan to someone else just to continue gambling.
Gambling and alcohol do not match. While we gamble we need to think and alcohol is destroying that ability.

Losing $3m and he thought it was $80k, that's a huge amount of money lost in a single night. You don't gambling while your drunk, alcohol intoxication has a way of exciting an individual and keeping you hyper active to a point you wouldn't mind selling your personal belongings to continue a game, because at that stage you're not with your right state of mind, which ordinarily you would had the natural instincts that will tell you to stop playing. Dana is a rich dude who can bounce back, but I believe he has learnt the bitter lessons of not mixing alcohol and gambling.

Rich or poor is not an exemption from losing money when playing under the influence of alcohol or any hard drugs.  Your status doesn't count, what we shouldn't do as gamblers is gambling while drunk it's a bad habit we all must avoid.

That's the spirit of the game, just like a coin of two varied faces you either win or lose and which ever comes our way we gat to deal with it like matured men. And the simple way to always deal with a loss ahead of it before it happens is by gambling with an amount of money we care less of losing. For the person in question in this op what he lost was an amount he care less to lose considering his networth.

Both the interviewer and the interviewee are very funny because I don't understand why he asks whether he loves losing gambling. One thing I learned from that video is the danger of gambling while you are drunk. Not only gambling but in anything serious you want to achieve, you have to stay away from too much drinking until you get the desire result. No class of people is free from the effect of alcohol, it is doesn't matter whether you are rich or poor, if you take too much of it during decision making processing such as gambling, you'll end up intoxicated and make wrong decisions.

Of course, losing and winning is part of the game and that's why it's called gambling. If it just losing, no one will even attempt it because at the end of the day, there's no anticipation and likewise, if it is just winning, developers will get nothing in return so there's no point of introducing it. The buttom line is gamble responsibly and be free from unnecessary depression.

Hahaha, alcohol will destroy you, this is thought for gamblers who don't like consuming alcohol and different thoughts will occur for gamblers who like alcohol because they will think that alcohol can make them play more bravely and give them sense of confidence.
It just that on the other hand it will affect consciousness until in the end he unknowingly experiences too many losses and spends much more money, he becomes out of control due to the influence of consuming alcohol when gambling.
If in an offline or physical casino then it is service for those VIP guests who are rich people, there will be free alcohol provided even though we think this is something that is deliberately provided so that gamblers lose consciousness.
If the gambler doesn't drink too much and can control it then he is unlikely to make mistakes and gamble within his means and it is impossible to cross the limit.

This is form of big loss for rich people and we can draw the conclusion and lesson that gambling with sane brain is the main priority.
Everyone must absolutely avoid consuming alcohol when gambling if they want to remain in control.

As for the difference between 80 000 and 3 million, this is just proof that drinking alcohol while gambling is not really good because it causes a wrong view of the amount we bet in a casino game where we are playing.

He realized that it was 3M that he had lost when he was already consumed by himself. My goodness, 3 million was a very large amount of money. That's not just a small amount of money.

Playing gambling when someone drunk is not recommended because he can lose his minds and can't thinks clear about what he will do. He will not thinks about limiting his gambling activity, no matter if he rich or poor guy. His emotions will increase when he lose some money and will continue playing gambling without thinks that is the sign to take a break or stops playing gambling. That will be worsen when he drunk, he will not thinks to stops playing gambling because he find that playing gambling is a fun and he will not wants to stops gambling.

When you lose some money, you needs to stops playing gambling and not thinks to recover your lose. You needs to check your money and if it's almost runs out, it's better to stops playing gambling rather than lose all of your money.

It is as easier as this, if we maintain a personal moral ethics with how we gamble, we are likely not to experience such amazing surprises on lost, from our casino wallet, we should make deposit of the amount of money we know that we can afford to lose, even if dunked, we cannot bet beyond the limit on the casino wallet, we also cannot compare ourselves with other people in which they can afford to lose any amount of money because they know what comes in for them on a daily basis, the rich win and loses, but we shouldn't overdo beyond the risk we can take with gambling.

It's incredible, yeah.
Alcohol in the casino is the best way to make a player forget about self-control. When you drink, all the problems don't seem so terrible, and you start betting without thinking about the consequences. But this is a false confidence, because alcohol muddies the mind and makes you act on instinct. As a result, the player can lose all the money without controlling his actions. Therefore, it is important to remember that moderate alcohol consumption during gambling can lead to negative consequences and loss of self-control.

I like the fact that he admitted he learnt a valuable lesson not to drink when gambling, according to him "alcohol is free but you don't have to take a f*cking glass."

I don't know if refreshments are part of the VIP treatments given to high profile gamblers at physical casinos, but alcohols shouldn't be included because some gamblers could be taken advantage of. Imagine blowing off $3M and thinking it was just $80k because of alcohol, that's really sad.

He is correct actually and that is the psychology that gambling requires but you can't have such mentality if you are not gambling as you can bear and if you are not doing that, it will never look like fun for you. Take for instance in his own case, losing $3m but thinking it was mere $80,000 which means he has more bankroll and also means for source of income even though under the influence of alcohol.

Those that will be depressed when they lose are either gambling more than they can bear and have borrowed money hence are confused about how to repay. Those who don't have means of source of income also can be depressed when they lose.

even when sober, a person needs to be careful when gambling, because he could gamble more than he can afford, especially when he is drunk, this should not be done because drunk people cannot think and tend to just play for their own pleasure. when someone is drunk, they will think that what they are doing is just having fun and they will not think that it could be a disaster for them.

and because of the dangers of gambling while intoxicated, one needs to limit themselves and not consume alcohol or anything that could impair their sobriety. because casinos will never forbid someone who is drunk from gambling, instead they support that person, because they think that it can give them money.

Take a lesson from here that you have to gamble in a conscious state, even when you are conscious, people sometimes forget what they are like when they are not conscious because of the influence of alcohol. This should not be combined, even though gambling is just for fun, don't use alcohol to have fun either. gambling, it will definitely end badly because I once saw my friend lose a lot of money after being unconsciously under the influence of alcohol he gambled like crazy, after he realized he had spent all his savings, he only regretted it.

For me, rich people might still be able to find that much money, but for poor people, losing a lot of money in their savings because of gambling, it definitely takes time to collect it again and even getting it again will be difficult. I'm not too interested in gambling while drinking alcohol, although sometimes I still Drinking alcohol doesn't mean you have to gamble under the influence of alcohol, it will never be good, there have been many cases like this that I have seen, so I have learned a lot about controlling myself when gambling, make sure you are sober.

Dana White is a god of Blackjack because he used to be frequently winning and get restricted to play on some casino just because he keeps winning. I’m surprised that he made a mistake like this such as drinking alcohol during gambling while he a discipline gambler. This only proves that no one can be successful on gambling in the presence of an alcohol or simply clouded mind even a guy like Dana that is so good on this game.

What’s interesting on his interview is he is not that much affected and he is showing a sign that he will keep coming back to recover his loses but this time he already leaned his lesson for not drinking.

I’m curious on the next chapter of his gambling career because people that already experienced bad defeat after a good gambling career usually end up chasing loss badly.

The interview just proved how the man he is to admit that Vegas did not make him drunk he did not make an alibi about having too many drinks and being deceived into getting drunk, this is where I admire him he is right drinks are free in Vegas but you don't have to drink all what's been offered to you.

It's a good lesson for him, so he made sure that he will not get drunk again while gambling, people tend to forget what they're doing when they are drunk, so gambling and drinking don't mix.

Right, I agree with you that it looks like the person gambled in a physical casino where there are facilities that we don't find in online casinos where you can buy a bottle of beer to make the atmosphere more pleasant but without realizing that this action can affect you in terms of making decisions when betting and like what happened to the person who lost a large amount we are talking about here where he didn't even realize that the amount he lost was $3 million and not $80000.

Yes basically as we know that the effects of alcohol can make our consciousness decrease which sometimes it can make us make decisions without hesitation and without any consideration which in turn can trigger the impact of regret at the end of the session when their consciousness has recovered. The advice is that it is definitely better not to consume anything that could trigger a loss of consciousness in yourself, especially when you want to bet because obviously the impact can be like the one experienced by the person who lost the large amount we talked about here or even worse than that. The reason is because decision making must be based on sobriety and rational consideration so that everything runs in balance according to what you can be responsible for.

Casinos won't forbid someone who is drunk from gambling, but they'll do it instead if someone is lucid enough to find a way to win at their games. Nothing personal, only business.

But I remember a case that I read here some months ago about a drunk/drugged man who was arrested by the police because of an incident in a casino. You are allowed to drink to the point of losing your money, but not more :D

Oh my God! Imagine the past losses that he incurred- he probably thought that he only lost "xxx" amount of money but in reality, he lost more than what he thought of.

This really shows on how gambling can quickly cloud your judgement especially if you pair it with other vices. Like what you mentioned OP, he probably has that automatic response whenever he losses like he bets quickly in order to recover it.

This should be an eye opener to everyone. I think it is definitely a good practice for you guys to track down your losses in order to prevent any unexpected loss. Even if you have a big budget on gambling, step on the breaks and re-evaluate your position. Keep your head high and your feet on the ground- count your losses and call it a day if it is too much!

Very funny, you lost 80k and you thought the casino got you good, not knowing that the real lose is millions of dollars, let's just imagine that this man isn't a millionaire or maybe this is all he has, it means he just went bankrupt.

Still think that drinking alcohol is good? It is if you can take very little of it, but it is a competition in my country, from one bottle to another, if the amount is higher they will be able to brag about it.

Alcohol consumption is bad, it kills the kidney and it makes you lose your senses, I  don't know why people are so into it, if any gambler who loves to drink is reading this now, they will learn if they are smart, and if they are the stupid type they won't.

Excessive intake of alcohol is bad, and it can make us misbehave and take decisions that can become a problem in our lives tomorrow. This is why you don't need to take more than your limit. Gambling and alcohol are two vices that can destroy someone due to addiction. Imagine a person that is addicted to alcohol and gambling, he would run at great loss unknown to him, if he gambles when he is drunk, compared to when he is not drunk. This is because whatever he is doing then is unknown to him.

Dana is a gambler that is used to winning and losing, and he is rich so he does not care about if he losses heavily in gambling, because he knows how to recover back the funds through different channels. Don't gamble when you are drunk, because it is unethical.

Alcohol addiction has caused a lot of gamblers huge lost in their asset because many have made some mistakes that led to the forfeiture of their digital asset because of being drunk while exposing their private information's, some gambles with the entire money they have in which they wouldn't have done so if they were in their normal sense, we have to be very careful of the acts we will be playing in which will have a future negative repercussion on us as such with gambling under influence of alcohol.

Not knowing how much he lost shows that he is not accountable. Regardless of how much he is worth, $3 million is not a small sum that should go unnoticed. Does it mean that he doesn't have separate account for gambling or he doesn't receive transaction alerts? I don't like seeing this kind of publicity or interview because it could influence newbies in gambling. However, his advice is valid because gambling is not for the chickenhearted. After all, losing is part of the game. To avoid deep regret or depression we have to gamble with the amount we can afford to lose. I checked the net worth of Lex Fridman and the estimate is about $ 4 million. Was he joking or too drunk not to know when he blew his life savings?


We shouldn't engage in any activity if one is drunk. The only option will be to seek assistance, take a bath if possible and a good rest. Many people have lost many valuables including their lives because of irresponsible use of alcohol. He should be regretting his action instead of justifying it with sound gambling advice.

It's a good advice but the only problem is that it's not working so far, people seem to care more about doing a breakeven rather than stopping and taking a pause in their gambling to either stop the bleeding of money from the losses or to rethink a new way to do things. People have no self-control and most of the time, it's detrimental to whether they'd follow a logical advice like this one and with a lot of people that's becoming financially unstable because of their messy gambling habit, it seems that the theory that a lot of people don't have any kind of self-control seems to have to some ground.

What happened to Dana is a really devastating thing for him but a prosperous day for the casino definitely, that amount that his lost in gambling is probably enough to make me retire right now so damn, I can't even begin to fathom how expensive that loss is, don't drink and gamble kids, you will never know how much you've lost until you're sober.

Indeed, alcohol has the ability to impair your ability to make decision and can also cloud your judgement too making you to make poor decisions that has the ability to affect your finance and possibly make you loose money on the process without even knowing what you've done to yourself.
In the case of Archie Karas, he ended up losing a fortune because he was under the influence of alcohol and not thinking clearly. People should really be careful when under the influence of alcohol, that's the best time to relax your mind and not the time to involve yourself in things that would require your to make  certain decisions, especially decisions that concerns your finance.

Unfortunate, indeed but at least he can cope with the loss and that he's not on his worst situation still. Let's say that's because he's rich but if ever such thing will be occuring more frequent then it won't be safe to assume that he'll just be fine on his own. At least he learned something from this mistake of him. Needless to say, we shouldn't be embracing the risk in the first place if we are not fully aware of things. One worse scenario is losing more than what you can really accept once you got up from being unaware. The moment you knew, is the time things are too late and you'd be lucky already if you will be able to accept things instantly 'coz it would be most likely that you won't. It is like answering a mathematic equation while you're sleepy, would you be hitting the right answer, given that things should be analyzed? Most likely, you won't. Chance of losing is bigger so at least be preventive of making your loss bigger even with the smallest things such as maintaining consciousness whenever you are betting.

Alcohol can forget everything including that he won't think he has spent a lot of money even though he only remembers that it was just a little and gambling under the influence of alcohol then it will have a bad effect because he is half-conscious.

But he realized that even though he lost $3M and it is true that in gambling winning or losing will still happen so it must be realized for all gamblers.

Although he lost by not experiencing any major depression it should not be imitated maybe he has more money reserves than us, never imitate the gambling style of a pope they are still immune to money even though they lose a lot while if we lose it will be severe depression.

Losing 3M and just nothing? I dont think so that this one would really be that just fine or something an amount that he could neglect about but the main difference about into these people that they could easily
generate out these amounts and this is why they are really that confident when it comes to this manner on which you would really be that playing and thinking about being a small amount since you know
that its something that you could easily earn or make into with your business,ventures or investment or whatsoever. This is why its not really that shocking they would really be having those kind of
words on regarding their losses.

Well, leaving a basic piece of advise is indeed considerable on which if you are someone who do hate up loses and becomes that too stressful thing for you then gambling isnt really for you.
On the time that you do afford on losing up a certain amount as if its nothing then this do means that you are really that expecting that gambling does
really give out that kind of effect.

It's part of the game and gambling, as long as there are winners and losers then someone to expect that he can be in both of it or mostly on the side of losing.
Well, these are like rich men normal thing that they'd lost ONLY $80k but what amount is that to us, right?
And then finding out that he's lost $3M so, nothing changes to him but heck that's a lot of money and for sure that he had scratched his head there.

One thing that strikes me in that interview is he went to bed like normal and was perfectly fine about losing $80k. The real amount lost was too much for him, but 80k was fine. Wish I had that much money so I could wake up in the morning and say damn, 80k lost, let's eat some breakfast and think of how I can win it back. Most people would be devastated after a $10k loss. 80k is the price of a small house.

Lessons to learn from this?
1. Be happy it wasn't you.
2. Don't drink and gamble.
3. Don't worry, even if you're drunk you won't get Dana's credit line. They'll probably tell you to leave and maybe (if you're lucky) get you a cab and make sure you tell the driver where you live.

That's because people still wants to make more money than what they've got before. They don't satisfy with their win instead still wants to continue playing gambling because they thinks that they have more chances to win more money. But if they can thinks that in gambling, they will difficult to make money, they will not trying to playing gambling more after they win. They will stop playing gambling and trying to take care themselves from the increasing of their emotional. They can thinks that it's enough to win some money and stop gambling because they can playing gambling in the next days and maybe they can win more money.

That's an example for us to always avoids drunk while we playing gambling or doing other activities because we will not realizes about what we do. When we playing gambling while drunk, we will not care about around us and will not stop playing gambling. That's a risks for us because we can lose all of the money while we will difficult to win.

Dana obviously have a gambling addiction problem, seeing that a lot of casinos blocked him from gambling at their establishments.

You cannot take advice on how to gamble from someone that has a gambling addiction problem, because they are not in control of their own actions. (You can take advice from him on how to stop, if he can get help and if he can stop gambling)

He will have a hard time kicking that addiction, because he is surrounded by Sport and gambling advertising all the time.

Yes that's for sure, or it means that this happened because of the influence of the alcohol he consumed which obviously has the effect of removing consciousness which in the end is like the one experienced by the person mentioned by the OP where he only remembers that he only lost $80k when it was much more than that which he must be quite angry and disappointed with such a situation, however the effect of alcohol can eliminate or reduce a person's level of consciousness and it will greatly affect him in terms of making decisions that lead to excessive actions and which usually end with regret.

Gambling is always about winning and losing and even though he was aware of this I still think losing the amount of $3M is a painful loss of money, and if I were in a situation like that then yes maybe it seems like I could end up stressed, but if for example he did not overreact to the situation of his loss then yes maybe he is one of the rich people who still has a lot of other spare money outside of the money he lost, in the end it is still a valuable lesson that we should make an example to never gamble while consuming alcohol or anything that can intoxicate and remove consciousness because the impact can be unexpected.

$3 Million is just a peanut for him, it's not even 1% of his net worth. (https://www.celebritynetworth.com/richest-businessmen/ceos/dana-white-net-worth/)

What need to worry is poor or middle class people who get drunk and gamble at the same time, if they only earn $2K per month, but they gamble $1.5K at that night, this will cause a big problem for them.

Fun fact, he got banned because he's a high roller and win a lot/url], so it's not about gambling addiction. (https://www.youtube.com/watch?v=dfLjgaR1ihg)

Gambling addiction doesn't mean he is losing all the time or most of the time. He loves to gamble consistently, that's already called as a gambling addiction. Well, as long his finances are not greatly affected, I think that's fine, and his gambling addiction making him ban from a casino because of his huge stake, that's a good kind of addiction as that means he is making money if I'm not mistaken.

Casinos or betting sites would really be not liking into those people who do make huge wins or simply with those lucky gamblers considering that this is something that would really be putting them in trouble.
Banning would really be the solution or something that having those kind of exclusions on which we know that this would really be a normal thing for them to do so. Going back into the topic in speaking about about those loses then it would be normal on having those loses on which the important thing on here is that you do really know on how much you would really be spending on which you wont really be putting up yourself
on such big trouble. For these people then we do know that these are millionaires or someone who could really be able to make easy money out of the businesses and careers they do have.

Actually its a good piece of advises on about gambling spending on which its true that everything should really be that in moderation and if you are someone whose really
that having no moderation about spending then you would really be messing up yourself with gambling.

There are actually some healthy/good addictions out there and gambling is definitely not one of them wether he is making money from it or not. Being a gambling addict means you cannot control your urge to gamble, so while you win some times, losses are also at the corner waiting for you. $3 million is quite a lot to lose at once and it is a thing of concern which should not be applauded, even if  he is rich. The loss means nothing to him because he is addicted and he will go back to it again tomorrow.  My advice to all "don't aspire to be like Dana who will even gamble when he is drunk". There is no fun in losing such an amount of money.  Many would even die of depression for this reason.

Being drunk and playing is something that does not works for everyone, we need to be conscious in the batting hall or casino for us to know what we are doing or the bet we are playing. I don't advise people to go drunk and bet because it could have a severe results on us if we are unable to make good winnings as players. We just have to be careful how we gamble and going about playing games when we know that we are not fit enough to bet. Many people had made this mistake and they regretted it because they were too relaxed that they could be be fortunate to earn without knowing what they have lost so far.

There is a theory --- drunk while gambling that his pleasure increases but he loses awareness of his sanity so he will not be sober when playing gambling while betting big or small.

Gambling games we still have to be aware even though the game is luck but by being aware we know the betting limits or will not act more aggressively spending a lot, this should not be done by anyone for the sake of perverted pleasure but harming you more.

When he wants to win or lose, it doesn't matter if he is drunk, the important thing is that they play with the influence of alcohol that is still there.

Once you are having fun, it is very easy to let go of your inhibitions and begin to do all kind of things you would not do normally, in light of this fact, we need to be very careful with the amount of alcohol that we drink at casinos, with the best case scenario being not drinking at all, a scenario that is not very realistic given that people go to the casino precisely to get some fun, and alcohol is often expected to be consumed during those times, so the next best option should be to limit its consumption, so we do not go through the same experiences that were shared by the OP.

I think he was drugged by the casino manager that's why he couldn't remember he actually lost $3M that night. Either that or he just tells this story so that he can have the excuse of losing $3M.

But you know gamblers sometimes can boast how much they lost in a single night and tey are proud to tell it to people around him that he lost this much. And Dana is just one of them. It must feels so macho.

He might have consumed alcohol due to which he made a mistake in selecting the correct number at that time. He lost more money than he thought. Gambling is already very risky, a gambler can lose all his money due to a small mistake whereas if a gambler gambles under the influence of alcohol then his loss is guaranteed. Gambling can lead to both profit and loss but still we should try to gamble responsibly so that we don't make any big mistakes. Whenever we make a big mistake we will face a big financial loss. Gambling should be done with a relatively small amount of money without taking excessive financial risks and should make informed and cool minded decisions regarding gambling.

I just saw the video and dang how he got 3 million dollars in lost when he just only had 1 million in his credit line i still didn't get it and by the way that is a lot f** money. at the end of the video he give an advice to other people :D hahah to not drink the alcohol when playing the game.

the line is "Alcohol is free but don't fu** to drink it   ;D" this is epic and very much true

There is time for everything, when it's time for drinking do not decide to do other important things at that time, let the time for drinking be for drinking only, do not get into other things.

I like advising my family friends who like to drink to always get in the act close to their beds, because they will lose control of their senses and the only solution is to sleep it off.

Although I still don't encourage drinking too much, because it comes with complications, Dana won't get hit too much because he has the money, but let's pretend that the millions is all he has left.

As a man its good to be responsible and discipline in everything.

Alcohol can make us Blackout meaning we can forget or may not know everything we do that very moment.

or maybe because that amount is a little to nothing for him , this is why he just react like that.

it is not maybe , Dana really have a tons of money in his pocket , and into his accounts .

Saying that "it's just $80K" shows that they really have all the money in the world and it's just a drop in the bucket, you know? I agree in some ways that if you get depressed, it's definitely not for you. You need to get checked because it's YOU who decided to gamble and YOU decided to risk an X amount of money. It's all part of the risk when you are gambling.

Yeah, but he is multi millionaire so he might think that he could have just spend that $80k as if nothing. But wait, it's millions when he come to his senses. Nevertheless, he knows that he can come back and win that money again as the competitive inside of Dana is fueling him to get back at the casinos. It's all goes down to our emotions and control of ourselves. If by every emotions we feel, our reaction is to gamble, then yes definitely it's not for us. But for those people like Dana who has a lot of money to burn and then at the same time believes that they can recoup everything because that is their motivation, then most likely money is not going to be a concern for this individuals but the determination to recapture their losses and win some.

Dana is a professional Blackjack player. He usually won millions of dollar in a casino that’s why he is confident for that amount because he knew that he can recover it when he play in full capacity since he admit defeat due to his drunk state while playing that time.

Besides of having a huge bankroll, He is confident to his skills that he can recover it easily through playing again or through his salary from UFC.

He is a god of Blackjack for me. He probably have a good sense of predicting possible cards through the use of different version of card count.

However, it is not just $80k that he has lost. Uncle Dana lost $3 million American dollars of his own money! If you watched the video, he drank too much alcohol and he cannot control himself. This also appears to have caused why he thought he only lost just $80k heheheeh. The alcohol caused him to forget $2.92 million hehe.

It also appears that uncle Dana has a problem with alcohol. He might also have forgotten his power slap on his wife's face after looking at her with a very red face next morning.

https://i.ibb.co/xGyj9t9/7-B60959-C-B9-B7-4-E89-B23-B-6911-DA36-A101.png

UFC president Dana White admitted on Monday to slapping his wife on New Year's Eve.

White acknowledged the incident while speaking with TMZ after video surfaced of White slapping a woman in the face. In the video obtained by TMZ, White is seen at a night club standing with a woman on a balcony. The woman is seen with her head in her hands before turning to slap White in the face. White then slaps the woman in the face before the situation appears to settle. The footage cuts off a few moments later.

Read in full https://sports.yahoo.com/ufc-president-dana-white-admits-to-slapping-his-wife-on-new-years-eve-044437510.html

seriously "thought it was JUST 80k$"  :D ;D

this would be my Life savings mate but for them this is just nothing but a piece of cake and that is what you can see in their Eyes and how they are talking .

that is a cool advise from a person that have just lose 3 million dollars without him not knowing and yeah if this is someone that is not that riches than them? for sure they will even commit suicide after knowing this mistake.

One mistake I can point out from this picture is mixing gambling with alcohol, this is the worst combination for success and hope non of us fall into this trap!!

Btw, I like this interview and the honestly of this guy as this shows gambling is not really about having fun but primarily making some extra money on what you have regardless of one's financial status.

I wonder when does the depression kick in, when you calculate how much is lost or when you chasing your losses and you aren't winning  ::)

Btw, do winning gamblers ever feel depressed or this is only for losers :P

It makes sense when you have such an abundance of money that $80,000 doesn't seem like a big deal. This video demonstrates how careless some rich people can become with their money when alcohol and possibly drugs are involved. This can also apply to anyone else, except we don't have three million dollars to lose. But the sure thing is that this combination is bound to make you lose money; it's practically making you dumber by impairing your ability to think straight, which often results in taking unnecessary risks you otherwise wouldn't take. It may not happen every time, but it'll eventually happen.

It is a big deal, not a huge one but a big deal indeed.

I just looked it up and according to Wikipedia he has a net worth of $500 million, so he can afford to lose that $3 million, although it is 6% of his total net worth and it must have hurt. Imagine your net worth is $100,000 and going in drunk, you thought you lost $160 when you actually lost $6,000, something like that.

Really that impossible that they cant really be able to think off well specially if its a percentage of your overall networth and making up those huge bets does really shows that you dont have that control
but this is actually something not that shocking when it comes to this because people would really be that trying out to go past beyond their limits specially if they do have that kind of approach on things that they could actually be able to win up the next bet. Once you do have that kind of mindset then you would really be pushing up yourself on trying to attain it.

When it comes to loses in gambling then it is something that could be sky on the limit, no matter how rich or wealthy you are on which damage could really be something significant
on which no matter how rich you are, you would really be able to feel up the pain.  :D

Let's not talk about the numbers here, it's only a big deal if he feels it's a big deal for him. And also, we don't know what is history in gambling, what if Dana despite being reach have won a lot of money in gambling prior to that lost, so he won't feel the pain or anything.. We easily react and we know part of the story yet, but if we compared that to our lives, of course it's a real big deal as we don't have that kind of money.

Everyone basically know this but the problem is that most people like to win more than they like to lose and as such they cannot understand clearly that if they cannot withstand loses then it is much better for them to stop gambling as if they continue accumulated sadness can transform into depression making things much worse for them.

As for millionaires I never understand why they need to gamble in the first place.

For someone that has a net worth of $500 million, $80,000 doesn't sound like a big deal to me, and probably neither to him. $3 million however, is a considerably large amount of money, even for someone with that kind of net worth. Still, it's not like he'll spiral into a depression for the lost money, it's not someone who won't quickly recoup his losses or who's not making ends meet by any means.
Well, for someone with his net worth, it's quite reasonable to not feel like a big deal to him. On the other hand, you're right, someone else, even as wealthy could possibly make it a big deal because that doesn't negate the fact that it's still a huge amount of money. Anyway, these are amounts that we'll possibly never see in our lives, and on the one hand, that's okay, you don't need huge amounts of money in order to be happy.

This person is a literal gambler and yeah  he may not see this coming that he have to lose 3 millions instead of 800k but this is something that he can recover in short time because Dana is a big time gambler and yes have been losing and winning millions each time and like what he says if you cannot accept losing then you should not gamble .

Actually, Dana only bet 80k dollars but the alcohol has made the bet to 3 million dollars. This is absolutely crazy. Dana says alcohol is free but someone could take advantage of it. That's an absolutely insane amount. Dana lost more than 25x the intended bet. This is a lesson for everyone not to get drunk when playing cards. You can't enjoy the game if you are drunk.

3 million dollars is a big money. The money should be used to pay some of the elite fighters at UFC Fight week.  ;D

@Rampagoe004. However, similar to what @Cointrader has mentioned, uncle Dana is a professional blackjack player. He earned the millions that he lost on the blackjack games he has played. This is not something similar to someone who took money from his company to lose everything in the casino hehehehe. If he is very good in blackjack, we can also be quite certain that he has earned back the money and earned more after this. You reckon he should support and donate to fighters from his blackjack earnings hehehehe?

Totally not shocking that there are really indeed people who are presuming that this is really actually happening on which they would really be mixing up his own personal funds and company funds and assuming that the funds that been used into his gambling session or activity do came from the company on which it isnt really just right to make out some conclusions. We dont know about his history in gambling plus
what if he do make use only his personal money or came from his own wallet? People are really that love to judge directly and telling or saying that asking to donate into this and that. loool

As for the advise then its pretty basic on which it would really be just that normal that you should really be that only making use of the amount which you can afford to lose.
Dont make yourself go beyond limits when it comes to spending because it will really be just that messing up your life totally if you wont really be
that responsible into the actions that you are making.

That's a separate budget, Dana's money is his personal, I think  he also have money from the company he is managing and that is when promoting games in UFC. 3 million is big but with his capacity, he can afford to lose that amount, good thing not more than because he was drunk and he could have lose more. I don't know if he regrets his losses, but if he is a gambler, it's not the first time for him to lose that amount and I am also thinking maybe he won a bigger than that also as a gambler.

He lose money and he makes money, as long as he makes more than he lose, regardless on the source of income, he'll be fine. After all, he wouldn't be here in his situation now if he isn't a risk taker.

He will be fine as he is in the business where he makes lucrative income. But $3 million is still a huge some of money, I'm sure he learn a lesson from that loss that he'll not get make himself drunk too much that he forget how much he lose already. That's why casinos loves to serve free drinks because they are investing on us, LOL.. just imagine, with free drinks, casino made $3 million on just a single night, without the dink they'll only get $80k, huge difference.

When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.

This is why it's important to keep track of your bets and be sober when gambling. This is not an isolated case. There are lots of gamblers out there that experienced the same thing at least once because they are under the influence of alcohol. I can't really accept it if this happens to me, and perhaps that might make me stop betting if I become too careless in the future.

Anyway, that $3m is nothing to a man like Dana White. Dude's just living every man's dream at this point, and he's got a lot of business and things going on for him to enable such a lifestyle. He could easily make that money back in just a few fights and sponsorship deals. But to us common folk, even a thousand might hurt the bank too much.

Yep, but the free drinks have few requirements, one of them is high roller. ;)

If the free drinks are for everyone, people won't going there to gamble, but there will be many poor people enter the casino in order to get free drinks lol.

The relation between his business and gambling is close, even he's not a gambler, he must to gamble because that's the way he make relation and increase his popularity. He will think this loss is kind of investment because you need to spend money to build network.

Its business and this isnt some sort of charity on which you would really able to get free drinks or any other freebies on just staying on the casino and not playing. They wont really be that dumb on giving out those free things if you arent playing on which this is something default or understandable. I dont know on why there are people or sayings that you could really be able to get free drinks when you do just stay up on the casino.
If ever there's some free drinks for everyone regardless a player or not then it would might happen for some one time kind of event but not on day to day basis which it would be understandable
but if we do speak about being that offering on an ordinary day then it isnt really that something that do happen.

When it comes to perks and comps then it would really be just that right that they would be focusing into those high rollers or simply with those VIP.
This is where business do flows and its normal to have that kind of treatment.

Idk, how can one casually just forget that there's like 2 more zeroes with 3m than 80k. Different breed alright.

Gotta agree with the advice though. Losing is part of the game so if you can't past over that, or if you're simply going to assume that all you're going to experience is winning, then wake up. They're not your friend that gives out money willy nilly. They'd suck the life out of you if you were to slip up, maybe even similar to how this man felt when he mistook 3m for 80k. Or just a frequent player. Any store owner would probably give out a drink or two for a frequenc customer really.

If that is part of the business then good, but the news stated that he was drunk and didn't know he lose $3 million, so that clearly state that he goes overboard, or beyond budget as he is suppose to lose less than a million dollar or just $80k as per the article. He can socialize with friends or anyone that could help his business to grow, but not knowing how much you lose because you are drunk, that's another thing.

Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.

As a player you have to be very clear about what you are getting into, only if you are playing in a casino and drinking alcoholic beverages is something that I do not recommend, I only recommend it if you have a couple of beers and only if you have the money to spend in a casino, obviously without exceeding what you can spend, if you do not take control of these things your life will get out of control and that is what we should not allow, that is why when we look for fun and extreme things, we must do them at our own risk and Our 5 senses are very active, and when we drink or worse still there are people who take drugs, things go to another level, and enter a level of total irresponsibility, in fact there are people who even lose their lives, because if they reach a point addiction level is the worst thing that can happen to them.

When it comes to those free drinks then it get used to be one of the tactics or methods on which casino would really be using but we know that drinks would really be offered into those who are always at the casino and making some wagering on which we know that once you are under the influence of alcohol then judgment becomes that vague and this is something that you would really be that
making those impulsive actions because you cant really be able to control your emotion and this is something that you should really be watching out. Any possible things that  you might be able to encounter which its really that part of their strategy. Ex. having no clock at offline casinos where gamblers cant be able to know what time it is.

As for loses then this would really be depending on how far you could really be able to reach or last because we know that house do always win at the end.
If you are lucky enough then you might be able to pull up something but most of the time you would really be consider as a loser.

Alcohol is not good for anything that would require you to think, which is practically more important if you're into games like Blackjack which would require you to play more attentively and smartly. You understand that this is Dana White, the person that casinos fear because of his skills at playing cards, he's got the game by the chokehold that casinos are literally banning him just because of the amount of money he's making them lose, and he lost 3 million bucks all because he got too inebriated.

If it's just pub games and if you're with people you can trust, like close friends or family members, you don't gotta worry and just go crazy, hell, at the end of the day everything is fun with alcohol and when you're drunk, but if it's in a place where you're needed to be in there, attentive and all focused at all times, then don't be stupid and make sure you don't get piss drunk that you can't even tell the difference between 80k and 3 million dollars. It's just that easy my friend.

It's a very unfortunate incident like that, to be honest. This just goes to show that drinking alcohol in excess is not really good for us. Just like that, think 80k is very far from 3M dollars. What does he think is different from $80,000?

It costs a lot; it's also stressful; you probably haven't slept well for a few weeks or months; and it's probably hard to move on in that state. So don't drink too much or get drunk when gambling; let this be a lesson to our gamblers.

Probably not as stressful as we think, Dana is is a millionaire and he has a big business that could generate millions consistently for him, so I think $3 Million does not hurt his pocket a lot. Actually, we won't be able to compare how we feel to how he feel because we are not on his level, I mean this guy has a net worth of half a billion dollars, we aren't even a millionaire yet, so we don't feel the same way.

We might think we will regret a lot or think that it will destroy our lives, but if you are making more than $3 million per month, you can easily let of that as money are meant to be spent anyway, the fact that he got drunk, that means he had fun.

From being $80k and telling it was "just" already means a lot for someone like me but I can speak for the majority of us that it certainly is a lot of money and there's the behind the scene with it. That also shows on how rich Dana that can lose $3M on just one particular night. I can't even attain to lose thousand of bucks or even hundred but with him, it seems that it's just nothing but well, this is how the rich plays. Money is truly a tool to them that they can use to have fun. While he's on a better state of giving advise to the other gamblers because he won't lose his entire money on it. It makes sense to give the reminder to everyone that no matter how much money you have, make sure that it seems nothing to you when you lose or else you're going to regret and will have to work your ass hard off with it until you recover it. We're far from Dana but we can have that mindset that how much we lose in gambling can be literally nothing or even more that we afford to lose. From the basic and simple tips that we're saying to the other gamblers of losing what they can afford to lose is the whole point of it.

This must be a big lesson not just for him but for everyone here who are fond of drinking while gambling. Just like Dana said, drinks are offered for free but it does not mean that you need to drink while you are gambling. So it’s actually having your own discipline so you won’t get drunk and will stay focus on your stake. However, I believe not everyone is good enough not to drink but the fact that alcohol will create a dizziness effect and will get you off from your consciousness, then it’s a must to avoid drinking while your are gambling. Otherwise, you will end up making worst things out of your consciousness and eventually regret in the end.

Let put it this way mate, you don't drink alcoholics that have high chance of getting someone drunk, because when we use the word Drinking it can be water, fruit juice, wine ,whiskey, etc. So the best opinion as you have given is not getting drunk while gambling.
It normal as the big guys are fond of drinking while they gamble but you the low guys only get drunk when they lose. In essence the message Dana was passing out but seems most persons didn't really get, is for gamblers to build discipline so as to avoid Ill situations from gambling.

Imagine it was someone else (poor, middle class) that was in such situation it would have resulted  to  suicide, depression, emotional disturbance. So by all means Moderation and Discipline is needed as a gambler. Because it takes only  a system to conquer another system, so as to make you the master of the game and not been played by the game.

He is rich and from what I have heard, his message is that losing and winning is part of gambling. This is for the rich, middle class and poor who are trying to gamble, they have to understand that this can happen to all whether they lose or win regardless of whether them being drunk or not. And so if you are not ready to accept you lost a hundred and you wanna come back for it, then you are going to start a bad habit, that is the crossroad right there.

I wish i had his problems to worry about. Oh, I lost some money gambling, no new Ferrari this month :(
Rich people's problems are the least of my concerns, but it's nice to imagine from time to time and think of all the things we could do with just one of Dana's monthly paychecks.
I dare to say you could build a whole house for yourself, buy a good car, furnish the house and you'd still have some money left with just one of his paychecks.
For most people losing that kind of money would mean depression. For him it's just a cool story to tell at parties.

The actual moral from this story isn't for us to completely avoid gambling, but rather approach it with caution, awareness of oneself and with a sound mind. Gambling isn't something that one should get involved with when he's not in his right frame of mind. Dana White's approach to gambling was unquestionably reckless, but it is also true that gambling can be done more responsibly. It's all about understanding the risks and taking precautions to protect oneself, both financially and mentally, and not when you're under any sort of influence that's capable of clouding your judgement.

Actually you wont really be needing to read up someones story or would really be hearing out someones advises because you could really be able to make out such act. Whereas, making use of your own common sense
and be wary on the things that is happening around would really be that enough or sufficient for you to be able to make yourself to realize on what are the things that you should really be needing to be done
for you to be able to avoid up such disaster towards gambling. You wont really be putting up yourself on such trouble if you are really just that making yourself that responsible towards your actions.
When it comes to potential loses then it would really be sky is the limit or simply it would really be basing up on how much money you could really be only have.For those people who are rich or known personalities
then they could really be able to spend up tons because of their financial capacity and same goes into the amount that they could potentially lose up too.
Having those advises and words of wisdom isnt that bad to hear out but its actually that something basic on which yourself could be able to find out easily.

This guy is not a role model for this kind of thing because despite his popularity, he cannot be trusted since he lost his focus in a crucial moment of his life and you can see that money is nothing for them since they can earn it back sooner or later and this is what should people avoid when playing because if they cannot control their emotions or play drunk like what he did, they will forget their needs and continue playing without taking account of the consequences later. For him, it was a big lesson and still, he has his properties but for others, it would be a life-ending story since that will probably cost him his life.

This is proof that drinking and gambling should not go together but casino operators freely serve liquor to their clients because they know that gamblers when intoxicated will do foolish things when they are gambling, obviously Dana White is not aware of this, but now that he losses $3 million instead of $800k.

Now he is preaching that gambling and drinking should not go together, because even if he is a big-time promoter, $3 million will hurt his pocket.

If you're going to drink and gamble, be sure you have someone at your side who is sober and will decide for you if you are out of control.

I had only gotten drunk in my life, because I was very resistant to alcohol, but one day at a party they gave me a drink that was fresh from the still and that is actually like airplane gasoline, it is an impressive thing and well at that moment I lost control, I don't know how it happened, but it was something really bad, in a casino it is always good to have some alcoholic beverages, but controlled, without losing control because that is something that we must do well, so that we can have the thoughts expensive about our gambling, with alcohol the ideas can be very cloudy and we can do things very badly, or become uninhibited for anything else, the combination of alcohol with casino gambling/driving is never good, and that is one of the premise that we should always take.

He didn't lose focus, he lost money... $3M is a lot of money, but not for him, I think he can afford to lose this amount. I like what he said about gambling and life, he is pretty much an honest guy with some crazy life experience, so I think he can be trusted. Life is full of ups and downs, and sometimes crazy shit happens to us, but instead of crying for losses, we need to suck it up and continue fighting. I agree with him that people who fight with depression should stay away from gambling (and social networks), and people who have a hard time when it comes to dealing with downturns should stay away from gambling.

Anything can be used as a way to learn more about the world and about ourselves, and while there is no doubt that we must not follow his example, at the same time this could be a good lesson for the many people out there that believe this could not happen but only to those that are addicted, but this is not true, losing control for a single night and lose so much money that your life could take a turn for the worse can happen to anyone, and the sooner people understand that, the easier it will be for them to take measures to prevent this from happening to them.

You are completely correct that everyone is vulnerable to making mistakes and falling into the trap of overspending and addiction, whether in gambling or any other form of dangerous behaviour. People sometimes don't know they have a problem until it's too late. It affects not only those who are "addicted," but also anybody who lacks the necessary knowledge and awareness to grasp the risks and repercussions of what they're involving themselves into.

While I'm of the opinion that gambling is not for the faint of heart, I'm really surprised how you would easily proclaim him to be trusted and honest? Unless you know the guy personally, you might want to take whatever he said especially experiences with a grain of salt.  Gambling is a risky business and only those that have the stomach to take on negative outcomes, should indulge. In my experience, losing a bet is hurtful for everyone but some people have come to the realization that you're never going to win all. You will win some and lose some.

At the end of the day, staying pessimistic makes it easier to deal with gambling outcomes. This way, you're not surprised or disappointed by the outcome if it doesn't go your way.

You are right about alcohol because it is also written in the first post. Mistakes can happen not only for the drinkers but if we are more careful, we can minimize or prevent them. The only moment gambling became very risky is when we are staking with huge amounts. A small mistake is only small but they can be deadly sometimes. If only we deposit money that are not huge enough, it's not going to be a big deal losing them all at one go. Gambling under the spirit of alcohol does not guarantee a loss. I remember some also ended up with a huge win but it does not mean that we will now follow it. Some activities should be done separately.