Gambling 101

[elite3000]

That might be the reason you lost 250k over the last 20 years, you bet higher when you are in a winning streak and gets excited, then you bust.

I don't know if there are mega luck periods that all you get is a win or not, but better don't plan your actions based in such premise, because the luck time may end in any second

[maku]

Op, the truth is I don't believe any gambling theory about lucky days, lucky streaks or back luck caused by black cats or anything.
These type of conjectures are biased all of them is part of gambler's fallacy. Of course will you have lucky roulette spins and series of awesome sport betting wins.
But that means nothing in the end it is all part of gambling statistics and nothing more.

[Daffadile]

No risk no reward. It's like this with anything in life. Ask anyone who is rich how any times they lost their money and how long it took and how many times they failed. When you want to do something the better it is normally the risk increases with it. Because good things in life are hard to get and we must work for them I guess gambling and winning bige is the same. You must keep trying.

[JasonXG]

That might be the reason you lost 250k over the last 20 years, you bet higher when you are in a winning streak and gets excited, then you bust.

I don't know if there are mega luck periods that all you get is a win or not, but better don't plan your actions based in such premise, because the luck time may end in any second

I do the opposite. I chase after a lose and bet higher when I'm losing to get it back. When I'm winning I try play it safe bit keep telling myself to just make a little bit more and I'll withdraw now now. But now now never comes and I lose all.

[minime0105]

That might be the reason you lost 250k over the last 20 years, you bet higher when you are in a winning streak and gets excited, then you bust.

I don't know if there are mega luck periods that all you get is a win or not, but better don't plan your actions based in such premise, because the luck time may end in any second

I do the opposite. I chase after a lose and bet higher when I'm losing to get it back. When I'm winning I try play it safe bit keep telling myself to just make a little bit more and I'll withdraw now now. But now now never comes and I lose all.

haha, thats greediness, if you'll look at it, in general, we can say that it is like martingale, even you are not doubling it, but the fact that you want to recvoer your money, in the next bet, makes it a martingale of just another level.

[RussianRaibow]

In closing I will say that over the long run we all lose. But when your running hot and it does happen, press like a MOFO. Don't go in to protect mode, set yourself apart. Good luck whatever your betting on.

What does it matter if you win $15,000 if in the end you are in the negative.  What you said sounds all good at first, but seriously, if you made $15,000 but are now negative that really sucks.  I hope I never push the highs like you said and end up in a deep hole.  If you are in a "high" any bet could be the one that is a lose, so why risk it.  It's not like a "high" is a set period of time where you win win win.  I don't know, I would just hate for your advice to cause people to go deep into debt.