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Author Topic: How much can u lose with gambling?  (Read 27628 times)
Caladonian
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March 27, 2017, 12:48:39 PM
 #901

I mostly bet only on sports matches and my max bet size is 0.01BTC which i can afford to loss. I think i am going to loss one of my bet on current test series between IND and AUS.  Angry

I can afford to loss around 0.01BTC on every alternative day.
That's really good to bet 0.01BTC every alternate day. I have lost a maximum of about 0.25 BTC in a single gambling event. Losing is just a part of gambling, none will be successful or earning without a single loss. I think above mate might have placed betting upon Australia to win the match.
seems that he already planned this activity losing .01 btc in every alternative games that he bets, so he will not feels bad if he loses the bet because he mention that the amount he can afford to lose, better to be this way and learn from the games we played so the next time we can able to take some edge if we do really understand the game.

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Davkul
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March 27, 2017, 12:56:23 PM
 #902

That's a weird question honestly.
You either win or lose everything. Usually when you start going in negative, you feel bad about it and that will push you to gamble even more, even if you know you could lose what you got left as well you still gamble it to try to fix the losses. So it's not like you can control that. Personally, if I was an addicted, I'd do that. I would rather lose it all than just lose a part of it, that's why it is an obsession. If you don't win you don't feel satisfied, you don't care about money at all, you just want to win.
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March 27, 2017, 01:02:51 PM
 #903

It's hard for me to be accurate on this as the correct answer won't be zero. It will be negative according to me. Why, see if you want to look at maximum loosing, then obviously you will be going all in to recover your lost money and if you loose that, means you will be in deep negative that's what my calculations says. I have been at break even points at many points, sometimes I am in negative but I make sure that I stop. So one can't be specific but I feel if one looses it all, he can even loose his life.

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March 27, 2017, 03:48:09 PM
 #904

Hmmm around 0.01 bitcoin daily i can afford to play and lose i don't want this to become big if i lose stop and never played for a week but when im winning i always withdrew my capital to gambling and always use my profit to star again it is really hard nowadays to win in gambling but with patient everything is imposible.



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kodes88
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March 27, 2017, 03:56:34 PM
 #905

Well that would depend on the person gambling as they could lose some of their money or if it is a greedy gambler they could end up losing everything. I have seen this many times before when people get greedy and think they are on a roll and then gamble everything on that bet and lose it all. That is why people should set a limit and try and sick with it, it's self control and if people don't have this then don't gamble.

Yes if we cannot control ourself, if we cannot control emotion and we are not set a limit we could lose everything we have in our life just because of gambling. Gamble without self control will make your brain work short, think short and too many take a big big risk. The worst thing will happen is when you don't have anything, not only for gambling, but even for food.

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Xenophoto
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March 27, 2017, 04:29:14 PM
 #906

It's hard for me to be accurate on this as the correct answer won't be zero. It will be negative according to me. Why, see if you want to look at maximum loosing, then obviously you will be going all in to recover your lost money and if you loose that, means you will be in deep negative that's what my calculations says. I have been at break even points at many points, sometimes I am in negative but I make sure that I stop. So one can't be specific but I feel if one looses it all, he can even loose his life.

First of all, losing negative amount of money will mean that you're going to earn money. Double negative means positive. When you're trying to recover your losses, you don't have to go all in at all unless your bankroll's almost empty anyway. You can just go for a higher multiplier. I see other people do this. They usually go for 2.00x to 3.00x but when they lose consecutively, they go for something higher like 4.00x - 6.00x. Just so they can win and at the same time recover their money. But if they still lose continuously, they will increase their bet amount.

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MMA
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March 28, 2017, 03:40:08 AM
 #907

Hmmm around 0.01 bitcoin daily i can afford to play and lose i don't want this to become big if i lose stop and never played for a week but when im winning i always withdrew my capital to gambling and always use my profit to star again it is really hard nowadays to win in gambling but with patient everything is imposible.
that is really a good strategy, i also play gambling in a limit and never try to exceed that limit. as i play gambling on daily basis therefore i have distributed my amount that i have reserved for gambling for daily gambling as i have a fixed limit for daily gambling and when i reach to that limit then stop playing gambling and never try to exceed that limit.

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serjent05
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March 28, 2017, 03:57:55 AM
 #908

It's hard for me to be accurate on this as the correct answer won't be zero. It will be negative according to me. Why, see if you want to look at maximum loosing, then obviously you will be going all in to recover your lost money and if you loose that, means you will be in deep negative that's what my calculations says. I have been at break even points at many points, sometimes I am in negative but I make sure that I stop. So one can't be specific but I feel if one looses it all, he can even loose his life.

First of all, losing negative amount of money will mean that you're going to earn money. Double negative means positive. When you're trying to recover your losses, you don't have to go all in at all unless your bankroll's almost empty anyway. You can just go for a higher multiplier. I see other people do this. They usually go for 2.00x to 3.00x but when they lose consecutively, they go for something higher like 4.00x - 6.00x. Just so they can win and at the same time recover their money. But if they still lose continuously, they will increase their bet amount.

If you are advising a bet like that, I think it is better to use martingale method to at least you have a consistent system.  And I agree losing negative money means gaining an amount, because only a positive amount can nullify negative amount. 



As for this week, I think I lost around 0.05 BTC, it was a good round for me until some unusual event kicked in, I lost without a single win after winning my last bet before the loses start.

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March 28, 2017, 04:35:22 AM
 #909

It's hard for me to be accurate on this as the correct answer won't be zero. It will be negative according to me. Why, see if you want to look at maximum loosing, then obviously you will be going all in to recover your lost money and if you loose that, means you will be in deep negative that's what my calculations says. I have been at break even points at many points, sometimes I am in negative but I make sure that I stop. So one can't be specific but I feel if one looses it all, he can even loose his life.

First of all, losing negative amount of money will mean that you're going to earn money. Double negative means positive. When you're trying to recover your losses, you don't have to go all in at all unless your bankroll's almost empty anyway. You can just go for a higher multiplier. I see other people do this. They usually go for 2.00x to 3.00x but when they lose consecutively, they go for something higher like 4.00x - 6.00x. Just so they can win and at the same time recover their money. But if they still lose continuously, they will increase their bet amount.

The pattern your talking about is martingale which you will probably end up losing more, if you think about
it using martingale is one of the stupidest strategies to be made, your only option to get a profit using martingale
is to win consecutively and if does happen you will lose it all your profit with just several losing streaks.

anyway calculating how much can you lose is dependent on how much you have or how much you are
willing to lose.



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March 28, 2017, 07:41:54 AM
 #910

Well that would depend on the person gambling as they could lose some of their money or if it is a greedy gambler they could end up losing everything. I have seen this many times before when people get greedy and think they are on a roll and then gamble everything on that bet and lose it all. That is why people should set a limit and try and sick with it, it's self control and if people don't have this then don't gamble.

Yes if we cannot control ourself, if we cannot control emotion and we are not set a limit we could lose everything we have in our life just because of gambling. Gamble without self control will make your brain work short, think short and too many take a big big risk. The worst thing will happen is when you don't have anything, not only for gambling, but even for food.
Yes, losing everything including no money for food for next time will be possible through gambling losses. Unless you're careful how much we are spending with gambling, committing suicide would be a result for many gamblers, unfortunately it is already happening.

We usually look for how much we could earn from gambling but we never bother about how much we could lose in gambling. Yes we may lose our life in gambling, losses to happen in gambling is practically unlimited.



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bhadz
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March 28, 2017, 07:51:41 AM
 #911

Hmmm around 0.01 bitcoin daily i can afford to play and lose i don't want this to become big if i lose stop and never played for a week but when im winning i always withdrew my capital to gambling and always use my profit to star again it is really hard nowadays to win in gambling but with patient everything is imposible.

0.01 BTC on a daily basis is quite big for me already. I can even lose that for a week when I gamble for dice game and sports betting. For sure you learned and earned a lot of from it because most of the time you had enough capital for a day gambling. Maybe I'll do this one day if my bankroll is already big and money isn't a problem to me anymore.

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March 28, 2017, 08:40:23 AM
 #912

Hmmm around 0.01 bitcoin daily i can afford to play and lose i don't want this to become big if i lose stop and never played for a week but when im winning i always withdrew my capital to gambling and always use my profit to star again it is really hard nowadays to win in gambling but with patient everything is imposible.

0.01 BTC on a daily basis is quite big for me already. I can even lose that for a week when I gamble for dice game and sports betting. For sure you learned and earned a lot of from it because most of the time you had enough capital for a day gambling. Maybe I'll do this one day if my bankroll is already big and money isn't a problem to me anymore.
If you have a regular job that is too small for you especially if you are earning a good salary, like you I cannot also afford to lose that amount and it's beyond my budget already. Enjoying in gambling does not necessarily risky a bigger amount of money, if one can enjoy will small amount the better as the risk involve is also low.



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BlockEye
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March 28, 2017, 09:45:34 AM
 #913

Hmmm around 0.01 bitcoin daily i can afford to play and lose i don't want this to become big if i lose stop and never played for a week but when im winning i always withdrew my capital to gambling and always use my profit to star again it is really hard nowadays to win in gambling but with patient everything is imposible.

0.01 BTC on a daily basis is quite big for me already. I can even lose that for a week when I gamble for dice game and sports betting. For sure you learned and earned a lot of from it because most of the time you had enough capital for a day gambling. Maybe I'll do this one day if my bankroll is already big and money isn't a problem to me anymore.
If you have a regular job that is too small for you especially if you are earning a good salary, like you I cannot also afford to lose that amount and it's beyond my budget already. Enjoying in gambling does not necessarily risky a bigger amount of money, if one can enjoy will small amount the better as the risk involve is also low.
You can actually enjoy gambling without risking huge amount but this only applicable if you never bet huge amount on your past game. Because it is impossible to enjoy it for small amount once you already try high amount betting. You always want higher if you are on the game.

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EdenHazard
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March 28, 2017, 09:58:39 AM
 #914

Hmmm around 0.01 bitcoin daily i can afford to play and lose i don't want this to become big if i lose stop and never played for a week but when im winning i always withdrew my capital to gambling and always use my profit to star again it is really hard nowadays to win in gambling but with patient everything is imposible.
that is really a good strategy, i also play gambling in a limit and never try to exceed that limit. as i play gambling on daily basis therefore i have distributed my amount that i have reserved for gambling for daily gambling as i have a fixed limit for daily gambling and when i reach to that limit then stop playing gambling and never try to exceed that limit.
if you do that 0.01 losing limit continuously in daily basis it might hard to avoid you will become addicted sooner or later , you have to wake up and realize that when you trying to make money through gambling for the long term purpose it has big risk for you to get a problem.

yes an addiction problem which can causing chaos in your whole life story.

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bhadz
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March 29, 2017, 09:53:56 PM
 #915

Hmmm around 0.01 bitcoin daily i can afford to play and lose i don't want this to become big if i lose stop and never played for a week but when im winning i always withdrew my capital to gambling and always use my profit to star again it is really hard nowadays to win in gambling but with patient everything is imposible.

0.01 BTC on a daily basis is quite big for me already. I can even lose that for a week when I gamble for dice game and sports betting. For sure you learned and earned a lot of from it because most of the time you had enough capital for a day gambling. Maybe I'll do this one day if my bankroll is already big and money isn't a problem to me anymore.
If you have a regular job that is too small for you especially if you are earning a good salary, like you I cannot also afford to lose that amount and it's beyond my budget already. Enjoying in gambling does not necessarily risky a bigger amount of money, if one can enjoy will small amount the better as the risk involve is also low.

I'm just making every cent that I had to become more important. I used to value it more than now and that's why even I do have a regular job which gives me enough for living, still that amount is already good for me. There are even more way of enjoying your money instead of gambling, choose the best that's worth to spend the money you work for.

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March 29, 2017, 10:17:03 PM
 #916

Hmmm around 0.01 bitcoin daily i can afford to play and lose i don't want this to become big if i lose stop and never played for a week but when im winning i always withdrew my capital to gambling and always use my profit to star again it is really hard nowadays to win in gambling but with patient everything is imposible.

0.01 BTC on a daily basis is quite big for me already. I can even lose that for a week when I gamble for dice game and sports betting. For sure you learned and earned a lot of from it because most of the time you had enough capital for a day gambling. Maybe I'll do this one day if my bankroll is already big and money isn't a problem to me anymore.
If you have a regular job that is too small for you especially if you are earning a good salary, like you I cannot also afford to lose that amount and it's beyond my budget already. Enjoying in gambling does not necessarily risky a bigger amount of money, if one can enjoy will small amount the better as the risk involve is also low.

I'm just making every cent that I had to become more important. I used to value it more than now and that's why even I do have a regular job which gives me enough for living, still that amount is already good for me. There are even more way of enjoying your money instead of gambling, choose the best that's worth to spend the money you work for.

if we have regular payment from our jobs, then if we are playing with bitcoin gambling and you get the bitcoin from many ways, then i think you don't always thinking how much you can lose because your life is guarantee by your regular payment. but if you don't have regular payment, then you need to thinking to not getting lose to often so you can win some money for your life. i think 0.01 bitcoin is small depend on your regular payment in the office and you don't mind to getting loss for that amount.

bhadz
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March 30, 2017, 05:18:49 AM
 #917

Hmmm around 0.01 bitcoin daily i can afford to play and lose i don't want this to become big if i lose stop and never played for a week but when im winning i always withdrew my capital to gambling and always use my profit to star again it is really hard nowadays to win in gambling but with patient everything is imposible.

0.01 BTC on a daily basis is quite big for me already. I can even lose that for a week when I gamble for dice game and sports betting. For sure you learned and earned a lot of from it because most of the time you had enough capital for a day gambling. Maybe I'll do this one day if my bankroll is already big and money isn't a problem to me anymore.
If you have a regular job that is too small for you especially if you are earning a good salary, like you I cannot also afford to lose that amount and it's beyond my budget already. Enjoying in gambling does not necessarily risky a bigger amount of money, if one can enjoy will small amount the better as the risk involve is also low.

I'm just making every cent that I had to become more important. I used to value it more than now and that's why even I do have a regular job which gives me enough for living, still that amount is already good for me. There are even more way of enjoying your money instead of gambling, choose the best that's worth to spend the money you work for.

if we have regular payment from our jobs, then if we are playing with bitcoin gambling and you get the bitcoin from many ways, then i think you don't always thinking how much you can lose because your life is guarantee by your regular payment. but if you don't have regular payment, then you need to thinking to not getting lose to often so you can win some money for your life. i think 0.01 bitcoin is small depend on your regular payment in the office and you don't mind to getting loss for that amount.

Well if you think that 0.01 BTC is very small no matter what is your regular job. It depends on the person on how he is going to value that amount. But for me, that's already an acceptable amount to lose but I know there are a lot of more addicted gamblers that can manage up to 3 digits of bitcoin because they've got a lot of it.

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March 30, 2017, 04:13:41 PM
 #918

If you do not know how to controll yourself you can lose everything you have with gambling and you  can lose even more borrowing then being in debt.

Btw I think that online gambling is a bit safer than the real life one because you don't have those "friends" sitting around and always offering to "help" you with a loan.
Most of the gamblers are lack of discipline actually, which in the end losses of big money always happened. In my case I'm not that type of gambler who got loss a big amount, I just loss weekly most of the time 0.05BTC but sometimes I won in the games however like what everybody said always loss in gambling.

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JL421
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March 30, 2017, 04:55:00 PM
 #919

Well I would only gamble some left overs from my pocket so it wouldn't bother me even if I lose,
Maybe a few bits wont hurt so maybe about 0.002 Bitcoin would do.
Wow if you actually lost only that much from gambling then that's really good man. I would recommend you to not deposit
again as i was just calculating the money i lost in total from dice sites, sports betting and forex. It totals upto 1.2 btc as by
the current price of bitcoin of 1030$. I know that's a lot but i deserve it as it was all because of my greediness.

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March 30, 2017, 04:58:54 PM
 #920

Hmmm around 0.01 bitcoin daily i can afford to play and lose i don't want this to become big if i lose stop and never played for a week but when im winning i always withdrew my capital to gambling and always use my profit to star again it is really hard nowadays to win in gambling but with patient everything is imposible.

It means that you do have the ability to earn profits in gambling. but you need to know that gambling is not always gives us an advantage, so that what is done now is just a mere profit and it would not necessarily make us happy in the future. Any time gambling have different algorithms so that it will make the gamblers to always update and adjust back so that it can benefit
 


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