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Author Topic: How much can u lose with gambling?  (Read 27685 times)
lionheart78
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July 28, 2016, 07:23:44 AM
 #601

I think the amount i can lose  with gambling is around 0.02 BTC - 0.05 BTC each day.  This is my bankroll budget.  I will stop whenever this budget is depleted.  So that is one way of controlling myself of loses whenever Im playing gambling games.  So with these budget and playing 2x to 3x a week, my monthly  budget would be around 0.15 BTC to 0.3BTC per month.



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Mastsetad
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July 28, 2016, 09:23:09 AM
 #602

I think the amount i can lose  with gambling is around 0.02 BTC - 0.05 BTC each day.  This is my bankroll budget.  I will stop whenever this budget is depleted.  So that is one way of controlling myself of loses whenever Im playing gambling games.  So with these budget and playing 2x to 3x a week, my monthly  budget would be around 0.15 BTC to 0.3BTC per month.

That is actually the only way to stay safe from losing everything in gambling to just limit your budget for a day and stop when you lose it all.
And if you really win 0.15 or 0.3btc in a month then that is great, but if you are talking about loses then that is not quite good to lose that much in a month.
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July 28, 2016, 08:07:34 PM
 #603

The smartest way to do that would be maybe like this.

When you win some money, bet a little more and when you lose some, bet a little less. This way if you are in a good winning streak, your profits can go up exponentially while also limiting loss.
Apparently, from the experience I have watched some gamblers, there are only a few gamblers who do that.
They are often blinded by "I may win next time" or "I'll get my money back!" and carelessly bet even if it goes beyond the amount that they can afford to lose.

.

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teilwalL05
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July 29, 2016, 01:07:05 PM
 #604

This is opposite from topic "How much can u win with gambling?". Well I`m on zero again, I`m looking how much I can win with gambling but actually I`m tryin to calculate how much can i lose. It`s always small amout`s but after many times this several small amount`s becoming one big one. There is some crazy stories on internet about people that have it all in one moment...
http://www.telegraph.co.uk/men/active/mens-health/10976770/Online-gambling-how-I-lost-my-wife-children-and-750000.html
And this guy started  with almost nothing and made almost $500,000 gambling with Bitcoin, then he lost it all in about 60 seconds. https://www.reddit.com/r/IAmA/comments/1ch7wb/

So pretty simple question, how much can YOU lose with gambling?

that is weird question, i think that you can lose everything with gambling and of course you can win a lot from it, but if you don't have luck you can lose a lot
I think we can never calculate all our loses in gambling if we combine all our loses. And for me, it is more loses than winning that I received when in gambling. Well, that is really what gambling was.  Cheesy

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July 29, 2016, 03:00:35 PM
 #605

If i calculate that till now how much actual investment i lost , is nearly 1+ btc and if you calculate that with this investment i went till how much high and then went all lost then it will be crazy as it is nearly 6+ btc , so my main problem is i am not able to stop when i am on loosing streak. That is why i am today in heavy loss and living a normal life with earnings depended on signature campaign and some small altcoin trading.














 

 

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Hide_ip112
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July 29, 2016, 03:03:34 PM
 #606

If i calculate that till now how much actual investment i lost , is nearly 1+ btc and if you calculate that with this investment i went till how much high and then went all lost then it will be crazy as it is nearly 6+ btc , so my main problem is i am not able to stop when i am on loosing streak. That is why i am today in heavy loss and living a normal life with earnings depended on signature campaign and some small altcoin trading.

Regrets that you would get if it cannot stop it all and if it can not control themselves. You should stop to gambling in quite some time. For I see that you already have a lot of debt that must be immediately you finish so that you can live a normal life before gambling. Indeed, gambling has a magnet, but you should be able to eliminate the magnet by means of eliminating all thoughts about gambling and hold themselves in order not to do, discussing or considering gambling
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July 29, 2016, 04:18:46 PM
 #607

If i calculate that till now how much actual investment i lost , is nearly 1+ btc and if you calculate that with this investment i went till how much high and then went all lost then it will be crazy as it is nearly 6+ btc , so my main problem is i am not able to stop when i am on loosing streak. That is why i am today in heavy loss and living a normal life with earnings depended on signature campaign and some small altcoin trading.
Do not worry about your losses folk. The good thing is you are still with bitcoin earnings and you could make differences in your life if you are giving up gambling at least now onward.

This situation is most commonly most of the gamblers are facing here. If we are going for gambling only with the amount we can have which will not affect our life by any means in the case of losing all of them. This must be little fact but too hard to realize and to apply when we are gambling.



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July 29, 2016, 05:28:02 PM
 #608

The smartest way to do that would be maybe like this.

When you win some money, bet a little more and when you lose some, bet a little less. This way if you are in a good winning streak, your profits can go up exponentially while also limiting loss.
Apparently, from the experience I have watched some gamblers, there are only a few gamblers who do that.
They are often blinded by "I may win next time" or "I'll get my money back!" and carelessly bet even if it goes beyond the amount that they can afford to lose.

Right. Thats actually the surest way to lose money.Playing with money they can’t afford to lose and hoping for that one big win. That is how people can lose everything in gambling. Never knowing when to stop and letting emotions rule them, that’s how most people play tho. Lol.


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upsidedown75
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July 29, 2016, 06:46:59 PM
 #609

The smartest way to do that would be maybe like this.

When you win some money, bet a little more and when you lose some, bet a little less. This way if you are in a good winning streak, your profits can go up exponentially while also limiting loss.
Not a good idea to limit your losses. It is a dangerously modified version of martingale strategy because when you are keep on increasing your bet amount when you are having winnings streak, one losing bet might sweep out all of your profits. Constant bet amount is always a good idea to balance both winning and losing bets.
That is the reason we are having martingale strategy with the options of not modifying bet amount when having winnings streak. When you are increasing your bet amount on winning, you might get chances to multiply your bankroll exponentially, at the same time we should not forget losses also may occur exponentially.

.

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July 29, 2016, 07:06:01 PM
 #610

The smartest way to do that would be maybe like this.

When you win some money, bet a little more and when you lose some, bet a little less. This way if you are in a good winning streak, your profits can go up exponentially while also limiting loss.
Not a good idea to limit your losses. It is a dangerously modified version of martingale strategy because when you are keep on increasing your bet amount when you are having winnings streak, one losing bet might sweep out all of your profits. Constant bet amount is always a good idea to balance both winning and losing bets.
That is the reason we are having martingale strategy with the options of not modifying bet amount when having winnings streak. When you are increasing your bet amount on winning, you might get chances to multiply your bankroll exponentially, at the same time we should not forget losses also may occur exponentially.
Losses at exponentially? Very much dangerous. The main motivation of the gamblers should be to avoid losses rather than making more profits from it. When you are concentrating to prevent your losses, you will get more chances to multiply your bankroll.

Coinroll - Bitcoin Dice

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July 29, 2016, 09:32:14 PM
 #611

With gambling, you can lose everything you invest.
The more money you are willing to invest, the more you can lose, i would therefore advice to make low bets.

How can you lose from what you invest? Moreover if you invest on some huge gambling site with a huge wagered because in the end house is always winning no matter what you do. But it will sure take time because this is very long investment if you place it on gambling site and it still is a good way to get some profit

i think with gambling we are unable to earn profit, no one here have any proof that they have earn bigger amount with gambling and they are getting a steady earning from gambling, you yourself not have any proof that with gambling we will earn a good profit.


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20kevin20
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July 29, 2016, 09:38:11 PM
 #612

With gambling, you can lose everything you invest.
The more money you are willing to invest, the more you can lose, i would therefore advice to make low bets.

How can you lose from what you invest? Moreover if you invest on some huge gambling site with a huge wagered because in the end house is always winning no matter what you do. But it will sure take time because this is very long investment if you place it on gambling site and it still is a good way to get some profit

i think with gambling we are unable to earn profit, no one here have any proof that they have earn bigger amount with gambling and they are getting a steady earning from gambling, you yourself not have any proof that with gambling we will earn a good profit.

I've seen many websites doing stuff like .. the owner creating an account claiming to be 'a lucky player', winning hundreds of BTC. It HAS to be the owner, I mean come on... Show me a guy who was able to win +10BTC a day in gambling, never loosing Wink Nah man, gambling is just for fun. And if you are lucky and the site isn't rigged, you might also win what you've lost in total/more.
ubitcoin
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July 29, 2016, 11:51:12 PM
 #613

With gambling, you can lose everything you invest.
The more money you are willing to invest, the more you can lose, i would therefore advice to make low bets.

How can you lose from what you invest? Moreover if you invest on some huge gambling site with a huge wagered because in the end house is always winning no matter what you do. But it will sure take time because this is very long investment if you place it on gambling site and it still is a good way to get some profit
Investment into a gambling site's bankroll as an investor is completely different kind from the perspective of gamblers and gambling. Getting scammed after you invest into gambling site as an investor completely not covered from what we are discussing here. I strongly believe those things are not covered under gamblers and gambling aspects.
rio3233
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July 30, 2016, 12:40:21 AM
 #614

With gambling, you can lose everything you invest.
The more money you are willing to invest, the more you can lose, i would therefore advice to make low bets.

How can you lose from what you invest? Moreover if you invest on some huge gambling site with a huge wagered because in the end house is always winning no matter what you do. But it will sure take time because this is very long investment if you place it on gambling site and it still is a good way to get some profit

i think with gambling we are unable to earn profit, no one here have any proof that they have earn bigger amount with gambling and they are getting a steady earning from gambling, you yourself not have any proof that with gambling we will earn a good profit.

I think someone out there can earn profit from gambling, but he never show off. I also lost so much money on gambling, around 3-5+ bitcoins because of gambling.
Erza
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July 30, 2016, 01:12:55 AM
 #615

If i calculate that till now how much actual investment i lost , is nearly 1+ btc and if you calculate that with this investment i went till how much high and then went all lost then it will be crazy as it is nearly 6+ btc , so my main problem is i am not able to stop when i am on loosing streak. That is why i am today in heavy loss and living a normal life with earnings depended on signature campaign and some small altcoin trading.
Do not worry about your losses folk. The good thing is you are still with bitcoin earnings and you could make differences in your life if you are giving up gambling at least now onward.

This situation is most commonly most of the gamblers are facing here. If we are going for gambling only with the amount we can have which will not affect our life by any means in the case of losing all of them. This must be little fact but too hard to realize and to apply when we are gambling.

What do you mean dont worry about getting losses? And again you said we still on bitcoin earning? How can you suppose to get earning but you not yet recover what your loss? Anyway this little fact is always saying but everyone but in the end they just pump their adrenaline up when they gambling think that the next move they will win but in the end they just lose it so how much you will lose is really depends on yourself whether you are going to spend most of your coin to get some profit or just put small amount and get low profit
pocarime32
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July 30, 2016, 01:32:29 AM
 #616

If i calculate that till now how much actual investment i lost , is nearly 1+ btc and if you calculate that with this investment i went till how much high and then went all lost then it will be crazy as it is nearly 6+ btc , so my main problem is i am not able to stop when i am on loosing streak. That is why i am today in heavy loss and living a normal life with earnings depended on signature campaign and some small altcoin trading.
Do not worry about your losses folk. The good thing is you are still with bitcoin earnings and you could make differences in your life if you are giving up gambling at least now onward.

This situation is most commonly most of the gamblers are facing here. If we are going for gambling only with the amount we can have which will not affect our life by any means in the case of losing all of them. This must be little fact but too hard to realize and to apply when we are gambling.

What do you mean dont worry about getting losses? And again you said we still on bitcoin earning? How can you suppose to get earning but you not yet recover what your loss? Anyway this little fact is always saying but everyone but in the end they just pump their adrenaline up when they gambling think that the next move they will win but in the end they just lose it so how much you will lose is really depends on yourself whether you are going to spend most of your coin to get some profit or just put small amount and get low profit

Yeah, it's really retard to okay with getting losses on gambling. Our target on gambling is always want win. For me, i can lose much money on gambling.
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July 30, 2016, 02:13:13 AM
 #617

I can not count how many times I lost. I play gambling for pleasure. I do not for a job. gambling is a hobby for me. a fun hobby.

EdenHazard
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July 30, 2016, 03:35:40 AM
 #618

With gambling, you can lose everything you invest.
The more money you are willing to invest, the more you can lose, i would therefore advice to make low bets.

How can you lose from what you invest? Moreover if you invest on some huge gambling site with a huge wagered because in the end house is always winning no matter what you do. But it will sure take time because this is very long investment if you place it on gambling site and it still is a good way to get some profit

i think with gambling we are unable to earn profit, no one here have any proof that they have earn bigger amount with gambling and they are getting a steady earning from gambling, you yourself not have any proof that with gambling we will earn a good profit.

I think someone out there can earn profit from gambling, but he never show off. I also lost so much money on gambling, around 3-5+ bitcoins because of gambling.
it is not often a big roller or a jackpot winner announce himself on public.

but lots of people announce himself lost bigger rather than previous winning that they received. so i believe people can lost more than amount that they deposited to a casino to gamble.

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lienfaye
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July 30, 2016, 04:06:10 AM
 #619

I can not count how many times I lost. I play gambling for pleasure. I do not for a job. gambling is a hobby for me. a fun hobby.
Same as me, i just cant remember how much i lose in gambling. well if you risk your money there is no assurance that you will earn, mostly player are losing their money in gambling and it depends on how much money you will invest in it. and some are became addicted because they were thinking that next time he will able to win.
hua_hui
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July 30, 2016, 04:59:55 AM
 #620

I can not count how many times I lost. I play gambling for pleasure. I do not for a job. gambling is a hobby for me. a fun hobby.
Same as me, i just cant remember how much i lose in gambling. well if you risk your money there is no assurance that you will earn, mostly player are losing their money in gambling and it depends on how much money you will invest in it. and some are became addicted because they were thinking that next time he will able to win.

Gambling itself is not a bad entertainment. It is just that a lot of the people have overdone themselves and they suffer terribly with it. It is just like pokemon go, there is nothing wrong with this game but many people get into a lot of accidents or problem when they get too involved in it and cause some social problems.

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