I can't stop gambling what do I do

[b!z]

I just lost 20 BTC with 50% dice what do I do please help me

[1715691554]

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[1715691554]

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[greyhawk]

Transfer your assets into Casascius coin. Makes it harder to just spend stuff on a whim.

[BIGMERVE]

This can be a very serious problem and you have to get help. Try looking for a local Gambler Anonymous. If you live in the US you can use this link to find locations near you. http://www.gamblersanonymous.org/ga/locations.

I've had some problems in the past with gambling and it won't get better until you recognize that it is an addiction. You need to find help.

[jackjack]

Send me your money
You will never gamble with it again
Satisfaction guaranteed or your money back

[Este Nuno]

You're not going to get the money back. Betting more is not going to fix it. Take the loss and write it off and do not send another satoshi to that site.

[AzureEngineer]

Stop now, close the site and never go to it again. Block it from your router if you have to. Gamblers normally get addicted because they want to make back their losses, which only results in more losses. SatoshiDICE is designed to statistically cause you to lose money. Also, follow this fellows advice:

This can be a very serious problem and you have to get help. Try looking for a local Gambler Anonymous. If you live in the US you can use this link to find locations near you. http://www.gamblersanonymous.org/ga/locations.

I've had some problems in the past with gambling and it won't get better until you recognize that it is an addiction. You need to find help.

[matt4054]

You may want to try this code (PHP for example), I had fun writing it in 5 minutes (might be flawed but it works):

Code:

<?php

$i = 1;
$balance = 100.0; $init_balance = $balance;
$bet = 1.0;
$win_multiplier = 1.957; // SD 50%
$threshold = mt_getrandmax() / 2;
$won = 0; $lost = 0;
$high = $balance;

while ($balance > 0) {
    printf("New iteration #%d, betting %f BTC\n", $i++, $bet);
    $balance -= $bet;
    $chance = mt_rand();
    if ($chance < $threshold) {
        printf("%d is below %d, you lose!\n", $chance, $threshold);
        $lost++;
    } else {
        printf("%d is above or equals %d, you win!\n", $chance, $threshold);
        $balance += $bet * $win_multiplier;
        $won++;
    }
    printf("New balance: %f BTC\n", $balance);
    $high = max($balance, $high);
}

printf("Initial balance: %f BTC\n", $init_balance);
printf("Final balance: %f BTC\n", $balance);
printf("Your highest balance in this game was %f BTC\n", $high);
printf("You won %d times and lost %d times (%f%% won)\n", $won, $lost, 100*$won / $i);
printf("It took me %d iterations to make you broke. Stop gambling!\n", $i);

?>

Now a couple of sample outcomes :

Initial balance: 100.000000 BTC
Final balance: -0.704000 BTC
Your highest balance in this game was 146.853000 BTC
You won 2528 times and lost 2520 times (50.069321% won)
It took me 5049 iterations to make you broke. Stop gambling!

Initial balance: 100.000000 BTC
Final balance: -0.283000 BTC
Your highest balance in this game was 128.107000 BTC
You won 2681 times and lost 2666 times (50.130890% won)
It took me 5348 iterations to make you broke. Stop gambling!

Initial balance: 100.000000 BTC
Final balance: -0.222000 BTC
Your highest balance in this game was 110.126000 BTC
You won 1354 times and lost 1396 times (49.218466% won)
It took me 2751 iterations to make you broke. Stop gambling!

Wash, rinse and repeat... profit stop the deficit!

[Kluge]

Well.... if you keep doubling your bet and going again, you'll very likely come out ahead if you cash out after first win, eventually. -Or lose thousands of coins.

[server]

I just lost 20 BTC with 50% dice what do I do please help me

Invest your btc and invest the revenue.

(I know, easy for me to say.. I don't like to gamble)

[Theraty]

I just lost 20 BTC with 50% dice what do I do please help me

I bet you 50 BTC( Theoritical Bitcoins) that you can't stop gambling.

But being serious, if you can find a service that timelocks your bitcoins for 6 months to a year youd be kinda sorted unless it turns out that you need it. Try pyramining. I've a link on bottom right of post. Once you put your money in, you won't be able to touch it until its fully paid back with minimum of 10% extra at the end of it.

But make sure you read through it and know that you want to invest.

Another alternative is to find someone in the bitcoin community that you trust and get them to hold to them until your withdraw for something worthwile.

[jackjack]

Another alternative is to find someone in the bitcoin community that you trust and get them to hold to them until your withdraw for something worthwile.

If OP really wants that, chose carefully the guy and read his posts/feedbacks
If needed I can be this guy (I mean seriously this time, I know how addiction is a bitch)

Whatever you do, follow bigmerve's advice

[Pzi4nk]

A lot of good suggestions here. The main thing is to make it harder on yourself. You can do this by putting your bitcoins somewhere you can't get to them (physical boundary) or you can tell other people about your problem and make yourself accountable to them (psychological boundary).

Either way, it's about creating a barrier. If it doesn't work the first time try making the boundary more difficult.

[BitcoinBarrel]

When gambling, never bet more than you are willing to lose. If you have 20 BTC then only gamble .2 at a time. If you lose the .2 then stop for the day. When you win stop for the day. In the long run you will lose gambling, but if you only bet what you can afford to lose then sometimes you will come out ahead.

[arsenische]

Oh, I am sorry. I lost some money in gambling too (a bit more than I expected to loose, but not too much).

Maybe you could become a trader? It has much in common with gambling and could help you to develop your capital management skills.

Define your set of rules of how you deal with your capital (e. g. don't put all your eggs in one basket, don't risk more than 2% of your capital at a time, etc).

Create a spreadsheet where you track your actions and assets, buy pass-through to SatoshiDice (at least you'll get some of your lost coins back as dividends ).

Evaluate your portfolio daily, log your mistakes and achievements.

[Axios]

Transfer your assets into Casascius coin. Makes it harder to just spend stuff on a whim.

That what I did, I won a little more than 30BTC and bought the coins that are currently in my safe deposit box. Thanks SD!

[Pzi4nk]

Transfer your assets into Casascius coin. Makes it harder to just spend stuff on a whim.

That what I did, I won a little more than 30BTC and bought the coins that are currently in my safe deposit box. Thanks SD!

I'm glad for you, but I really don't think we should be encouraging him to gamble by telling him how much you've won in the past.

[RodeoX]

Gamble on yourself? Take a class at a community college or form an LLC side business. You are more likely to "win" that way.

[QuestionAuthority]

I know I joke a lot but this isn't a joke. Check out this website:  http://www.nevadacouncil.org/lit_dist.php
They can help.

[Este Nuno]

Also, 20 BTC is actually a pretty cheap lesson.

Just stop now. Seriously. There's no way you will look back and be happy if you bet another bitcent.

[lophie]

Oui,  I have a solution for you. Pick someone who you really trust not to indulge you. Then create a two signature address so each of you get a private key. And keep your funds there.