How much you have lost in gambling?

[Mickeyb]

I like to bet mainly on Euroleague basketball. Last year I had a great run at the end of the season, I have made about Bitcoin  BTCs betting mainly on over /under.

European championship has killed me. I have lost about 2.5 BTCs on this competition together with the 2 first days of the Euroleague.

All in all I have lost about 0.5 BTC.

[chennan]

Unfortunately, when I started out in bitcoin I gambled a lot and had sort of an addiction to gambling (I know, ironic with my signature)... but now I have cut back a bit and gamble only when it's a rainy day and have nothing else better to do; and better yet, I have developed some sort of "deal" with my self that if I ever do go gamble I can only loose .05 BTC no matter what... It's been hard for me to come to that realization with the mentality that "Oh well, I can get it all back with just one bet! *YOLO*". When it comes down to minimizing your loses when it comes to gambling, it's all about discipline in setting a limit of how much you allow yourself to lose.

[mirana12345]

It's quite surprising for be, but i actually am a lot in profit on crypto related gambling, but a lot in a loss in real live casinos and sportsbetting.
I guess the provably fair games are quite an advantage over normal gambling.

I don't know exact number but so far i'm about 2.5 bitcoins in profit, and about 1200 $ in a loss in irl casino/sports betting (which i have now abandoned completely)

[thefaucetrunner]

Maybe 0.2-0.3 BTC in total? I got greedy at points and decided to do some pretty big bets. Actually, scratch that -more like 0.1-0.2.

I try not to gamble - I lost 0.008 today on Magical Dice after receiving my signature campaign satoshi. Decided to withdraw at that point.

My luck doesn't hold out at all, I try to steer clear unless I'm rolling in cash (which isn't often, lol)

[klf]

Unfortunately, when I started out in bitcoin I gambled a lot and had sort of an addiction to gambling (I know, ironic with my signature)... but now I have cut back a bit and gamble only when it's a rainy day and have nothing else better to do; and better yet, I have developed some sort of "deal" with my self that if I ever do go gamble I can only loose .05 BTC no matter what... It's been hard for me to come to that realization with the mentality that "Oh well, I can get it all back with just one bet! *YOLO*". When it comes down to minimizing your loses when it comes to gambling, it's all about discipline in setting a limit of how much you allow yourself to lose.

This is a quite honest review on this thread. It good that you have some self control to reduce your losses. But if you already know you may not win in these gambling then I think you may find some other useful things to do in rainy day instead gambling those 0.05BTC. If you can find some other ways to spend your time then you can save those small coins also.

[poplolnman]

I like to bet mainly on Euroleague basketball. Last year I had a great run at the end of the season, I have made about Bitcoin  BTCs betting mainly on over /under.

European championship has killed me. I have lost about 2.5 BTCs on this competition together with the 2 first days of the Euroleague.

All in all I have lost about 0.5 BTC.

Yeah gambling always be like that, last month you got 300% profit and then in the next month you lost over 400%. -100% and ended on negative. I Didn't bet on basketball but I have lost a lot of money too in EURO qualification. Almost -1 btc .

[Supercrypt]

I like to bet mainly on Euroleague basketball. Last year I had a great run at the end of the season, I have made about Bitcoin  BTCs betting mainly on over /under.

European championship has killed me. I have lost about 2.5 BTCs on this competition together with the 2 first days of the Euroleague.

All in all I have lost about 0.5 BTC.

Yeah gambling always be like that, last month you got 300% profit and then in the next month you lost over 400%. -100% and ended on negative. I Didn't bet on basketball but I have lost a lot of money too in EURO qualification. Almost -1 btc .

Yes gambling is giving some big profit in some months then it will end in negative in next month same like trading. Making consistent profits from trading and gambling is not an easy task. You must be a professional gambler to make your every month as a profit-full month.

[kostya.ash]

I am confused as to why people still gambling ?
whereas he know if he have lost a lot

[Mickeyb]

I am confused as to why people still gambling ?
whereas he know if he have lost a lot

Because they still have hope they will win big and recover all of their loses. Also people start gambling because they believe that they will win big with very small amounts.

It's just an addiction. Addiction that has destroyed many lives unfortunately!

[Eastwind]

I am confused as to why people still gambling ?
whereas he know if he have lost a lot

First, because they think they can win. Second, they enjoy the gambling process.

[Erza]

I like to bet mainly on Euroleague basketball. Last year I had a great run at the end of the season, I have made about Bitcoin  BTCs betting mainly on over /under.

European championship has killed me. I have lost about 2.5 BTCs on this competition together with the 2 first days of the Euroleague.

All in all I have lost about 0.5 BTC.

Yeah gambling always be like that, last month you got 300% profit and then in the next month you lost over 400%. -100% and ended on negative. I Didn't bet on basketball but I have lost a lot of money too in EURO qualification. Almost -1 btc .

Yes gambling is giving some big profit in some months then it will end in negative in next month same like trading. Making consistent profits from trading and gambling is not an easy task. You must be a professional gambler to make your every month as a profit-full month.

How can it be the same as trading? What I know you can't even loss with trading bitcoin. Mostly people lose because of lack of experience in trading and they do trade some alt coin that no one pump thats why he loss. AFAIK gambling is profitable if you know when to stop

[kostya.ash]

I am confused as to why people still gambling ?
whereas he know if he have lost a lot

Because they still have hope they will win big and recover all of their loses. Also people start gambling because they believe that they will win big with very small amounts.

It's just an addiction. Addiction that has destroyed many lives unfortunately!

yeah like that, he will repeat his lost, probably until the money runs out?
what addiction as it can be stopped?

[Betwrong]

I've lost around 0.1, but not at once. It took me more than a year of gambling to be at minus 0.1 overall, so I guess I'm pretty lucky at gambling. )

[kostya.ash]

I've lost around 0.1, but not at once. It took me more than a year of gambling to be at minus 0.1 overall, so I guess I'm pretty lucky at gambling. )

lost 0.1BTC its small enough, to play within 1 year

you were lucky, a lot of members who lost more than 10 btc i think haha,

[BTCevo]

I've lost around 0.1, but not at once. It took me more than a year of gambling to be at minus 0.1 overall, so I guess I'm pretty lucky at gambling. )

Yeah it is good to make that recovery but that is to long to recover it. That means you lose many btc that your recover take 1 years

[Joel_Jantsen]

I have wasted 2BTC till date on gambling .I have such accurate figure because I have dedicated my alternative wallet only for gambling purposes .Trust me if you are planning to start gambling my advice would be "DON'T".Just invest your money into some thing better which has low but guaranteed incomes .If you're goal is to become rich sooner,remember shortcuts are always dangerous .

[hua_hui]

well, i also have the tendency to gamble in hope to get more btc in shorter duration and so far, all these failed very v3ery very badly. tried a lot of things but more of the time is failure and losses. best is still patient and investment on promising opportunities.

[1990BEARS]

None gambling is for fools  would rather risk money in HYIP

[StevenLiang]

I don't lose anything, because I am not gambling. But my friend lost 2 BTC. Gambling is always a risk and when yo start doing it, you should be ready to loose

Sound good, i do not lose anything too so far, sometimes i just pay for entertainment in sportbooks bet. And have enjoyed my free time to play some Blackjack card in Crypto-Games.net, or watching some sport on live streaming video.

Overall, i think gambling must be considered as a "pay for entertainment" game. Play fun, and pay less.

[michietn94]

From the beginning , I try not to gamble but since I saw many have won big so I can't resist myself to try it out.
FOr the first attempt, I lose but it piss me off to chase down the loss and at the end I loss more than ever ( BTC 0.1 ++ )