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Author Topic: How to Protect yourself from Excitement and keep your Winnings Safe  (Read 1610 times)
akram143
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March 06, 2019, 04:44:36 PM
 #41

Decoration for winning in gambling is controlling your excitement while you are getting a profit or loss because in most of the time people will made decision wrongly while they are excited what they are going so in this field we need to know what we are doing in each and every time this will be the only way to hold your money and make it more higher.

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March 06, 2019, 05:01:29 PM
 #42

I had similar Mantra's as well. I guess if you really experienced a big lost in your gambling habits, I guess this kind of self call will be effective. I lost heavy before and I kept thinking what if I just exited and went home or quit with my money then I would be very very happy the next day.

And now seeing all that big money gone just like that, makes me think that's why I learn to have self control and quit before I experienced that painful and disappointment and regrets again.

R


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March 06, 2019, 06:04:20 PM
 #43

I had the same predicament when started gambling. Out of excitement, I have lost over 0.2 BTC in a single bet. When we keeps winning and as the balance grow we have that "no one can stop us" feeling. Eventually, we would end up with empty hands. Withdraw when you win is a good idea but, personally I don't agree with the second point you have made. Whoever it may be, never get money involved in your relationship if you care for it to stay long. I had many worst experiences trusting closed ones. Make use of vault/ bank features instead.

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March 06, 2019, 06:48:58 PM
 #44

More simple step is don't gamble for money,just do it for excitement and it need to be enjoyed over stopping.If you want to keep your win amount safe just get out from betting at the moment you have won.

The problem is, we do it for money, not for pleasure .  Sometimes there are times when you can win 100$  or even $1000 just from 1$
Not everyone plays for money. There are a lot of gamblers who are been into gambling just for fun as they like playing with the games.

Always remember of you treat gambling to balance your financial life than each time you would end up into loss due to over-confidence, anxiety, excitement, or something similar. Gambling can generate major profits as you say but the risk remains the same as we can’t control the markets.
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March 06, 2019, 07:08:45 PM
Merited by Japinat (2)
 #45

Open-pots is really very helpful and educative. I’ve also lost a lot gambling and from experience I have now devised strategies which sometimes fail and sometimes saves me out of loses. That idea of stopping game is really very vital.

I even write it down before I begin that I should that it is very important to end game when I make a win before I can proceed but I realized the greed in me would not make me follow this and then I end up losing, then I told myself that the major thing I need to succeed in gambling is self-discipline.

This self-discipline has greatly helped me. I stop game when necessary, make withdrawals at the right time and I’ve just been appropriate and then I realized that I stopped making losses and for your idea of entering into an agreement, well what work for you might necessarily not work for everyone.

Finding a trustworthy person these days is very difficult, for those who can find a good relative they can trust, it is not a bad idea but I have heard and seen stories of siblings who are jealous of themselves. Be sure whoever you are trusting to help you open a wallet will not in future be jealous of you when they start seeing what you earn.

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March 06, 2019, 08:37:25 PM
 #46

Your ideas are ok.. Though everything would depend on how trustworthy your friends or relatives are.
There are suggestions about auto locking wallet for days,  weeks or years. I think it is much safer than sending money to your relative or friends wallet.

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March 06, 2019, 08:50:05 PM
 #47

Thank you for sharing this with us as many of us has gotten our account back to zero because of the excitement.  I could remember in 2014 when I was betting with ioption and I have just win 6 in a roll and from there increase my betting rate and in three loses I have my entire account wipe out.
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March 06, 2019, 09:19:20 PM
 #48

For me it's quite simple.
You play only to double or triple your money(I'm talking about poker).Nothing more.
If you double/triple your money,you just leave the table and start playing 24 hours later with the same start amount from the previous day.If you lose everything,you just leave the table and play again after 24 hours(the moment of tilt will be gone).
Same here I would only double or triple the money that I deposit,
But most of the time I would lose  Grin ,
I always play mines and crashgames.

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March 06, 2019, 09:22:32 PM
 #49

It doesn't need to be that complicated if you have a strong determination to keep your winning safe. I have done this method without involving close friends, a method like this is indeed very good but the problem is that when you do not also get winning in gambling what happens is that you will always make deposits. I always separate funds for gambling and storage in the wallet, when we make a lot of wins in gambling, of course your money in the wallet will continue to grow, but when you always lose gambling? then any method for securing your coins in the wallet will never succeed if you still want to gamble without thinking about leaving. So, the most important thing is how we are able to make wins streak in gambling consistently and not about how we should keep winnings safe.

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March 06, 2019, 10:58:33 PM
 #50

Decoration for winning in gambling is controlling your excitement while you are getting a profit or loss because in most of the time people will made decision wrongly while they are excited what they are going so in this field we need to know what we are doing in each and every time this will be the only way to hold your money and make it more higher.

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March 06, 2019, 11:32:21 PM
 #51

I have find  this method  for myself and that helped me a lot  after my  summer  lost  , I lost everything I had  won and  saved for 1 year ,
I lost 53 million Satos  0.53 BTC  in  1 week .

I was very upset, I had to make some decision or stop playing  and stop lost my time or do something that would be stronger than my excitement and protect my winnings .
 I came up with a way out , after I did that , my savings started to grow little by little  and now I am in very good profit .

1) First thing I did I began to constantly repeat the word Stop Game - Withdrawal , and it helps me to stop game when I start win and
make a withdrawal .

2) So how now secure your winnings . Do you have relatives or reliable friends whom you trust as yourself ?
 Ask them to open a wallet for you, ask them for help, and while accumulating the balance don't forget to thank them with a percentage of the amount .
 We all love gifts .  I gave my friend already 0.10 btc, but assured him that it is not necessary to sell them now and it is better to wait 1-2 years .

3) You must enter into an agreement .

The first Conditions of your agreement should be such that you  will not take cryptocurrency from this wallet . The second Condition is that 80% of the winnings will be sent to this wallet . You can take this crypto currency only when you want to change it for real money, and it is better to come up with some really cool goal for this money . This will help to be patient .
 You have to give the word  to the holder of your wallet that you never  will ask him  this money  on  gaming in  casino or on the stock exchange . If you break your agreement , your agreement is broken and your friend should no longer help you . Don't  allow  yourself fall in the eyes of your friend . The ability to keep your word is worth a lot .

As for me personally, I am ashamed to ask for a games , because I gave my word . There were many times when I wanted to make a Deposit after I lost again and again but this method kept me from doing rash actions caused by excessive emotions.  For me wallet  which is out of your access zone it's surviving  for  my balance ,  sometime you can even transfer 90% and  keep for yourself just 10-20% and send it to on your personal wallet and use them for games . NOT MORE THEN 20 % FOR Games

If you break your promise and disgrace yourself and take the cryptocurrency for gaming from this  wallet that is out of your reach, then you are sick and you need medical help from professionals .

Good luck to you guys , hide your winnings  from your passion and they will serve for  you . I hope I helped you guys .

PS
On some sites we have  vaults is a good solution for someone , but not for me , as it will not help me not protect me from my own  excitement . If it were possible to close the money in the vaults for different periods of time, it would be much better .
PSS
Another important point is that those who do not play do not understand us , how we can put such amounts on the one bet and explain it will be difficult, but when the money is already between two people who have different attitudes to the gambling  , there is a different level of responsibility .


In the pursuit of big wins , we lose a lot of small and significant amounts  !

Always necessary to take away and hide from yourself part of the winnings !

I don't know how to control the excitement while we are getting the profits higher but I know one thing it will come under your experience so controlling your excitement when only been made by your experience because in the beginning stage you will don't know how to control it after getting some losses you will definitely learn it.
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March 07, 2019, 01:08:49 AM
 #52

after winning, leave the gambling table and have fun. after that, enter again but with a small bet, it will make you safer in playing gambling.

Just getting away is not enough, Excitement corrupts the mind, winnings corrupt the mind too . The task is to learn to keep  excitement under full control  , but even if we come to this, then the money we won  better to hide from ourselfs . Attitude to the money we won is quite different and it easier to lose .

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March 07, 2019, 02:08:09 AM
 #53

Unlike the winning amount it is good to save a part of the winning on every event. This will let the user have a safer fund, because people always tend to spend the entire winning on gambling and go for a bigger earning in the Short. This sometime make the user quit gambling as there won't be anymore funds to spend upon. It is us to plan wisely and spend it.

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March 07, 2019, 03:29:09 AM
 #54

Unlike the winning amount it is good to save a part of the winning on every event. This will let the user have a safer fund, because people always tend to spend the entire winning on gambling and go for a bigger earning in the Short. This sometime make the user quit gambling as there won't be anymore funds to spend upon. It is us to plan wisely and spend it.

Everyone should carry only a limited amount while entering casinos . So they know at the max they can lose that much amount only. Another thing when people win they should keep taking out their capital away from the game and only play with profits.

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justspare
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March 07, 2019, 07:02:09 AM
 #55

I think it depends on how much you win.

If someone wins the lottery which is in the multi-millions, they will most likely stop buying more lottery tickets and keep their winnings.

The issue with the people who can't stop gambling are the ones who either lose a lot or win a little.

If someone loses a lot, they will usally keep playing until they get break-even and then they will quit. However for many they never hit break-even and end up losing tons of more money just to recover a small initial loss. Basically losing $1000 because they only wanted to get their $100 back.

If someone wins a little, they will usually keep playing because they "want more" and "its not enough" and what usually happens they will lose what they've won and either quit then or they will get into the negative.

Its basically fear and greed combined and not a good combination.
I think it is even more greed that will make one who has won multi millions in gambling continues because he hopes to win more. It is even okay for those who have lost and wish to even recover and even those who have won little and hope to win more.

Like you have rightly mentioned Fear and greed combined and it is not a good. The truth is most people wouldn’t have lost as much as they possible on gambling as a result of the 2 factors you mentioned.
Lexus19 (OP)
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March 07, 2019, 10:06:02 AM
 #56

Open-pots is really very helpful and educative. I’ve also lost a lot gambling and from experience I have now devised strategies which sometimes fail and sometimes saves me out of loses. That idea of stopping game is really very vital.

I even write it down before I begin that I should that it is very important to end game when I make a win before I can proceed but I realized the greed in me would not make me follow this and then I end up losing, then I told myself that the major thing I need to succeed in gambling is self-discipline.

This self-discipline has greatly helped me. I stop game when necessary, make withdrawals at the right time and I’ve just been appropriate and then I realized that I stopped making losses and for your idea of entering into an agreement, well what work for you might necessarily not work for everyone.

Finding a trustworthy person these days is very difficult, for those who can find a good relative they can trust, it is not a bad idea but I have heard and seen stories of siblings who are jealous of themselves. Be sure whoever you are trusting to help you open a wallet will not in future be jealous of you when they start seeing what you earn.

I haven't spoken to my brother in over 7 years. , , all due to the fact that he has lost my trust , and always to forgive the man that hurt . But I was lucky in my life  to find  good and reliable friends .  If a person does not have someone to trust his money ,  he must put  his   winning money in place from there  will be extremely difficult  make another deposit  . 
As an option, this is a hardware wallet  Trezor or Ledger which will be closed in bank safe deposit box .

Lexus19 (OP)
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March 07, 2019, 10:07:42 AM
 #57

I guess my post is related with this one. Here's the link.

https://bitcointalk.org/index.php?topic=5098112.msg49260152#msg49260152

Excitement and other feelings such as too much happiness, sadness or anger can greatly affect your decision making in gambling. Even though we say that we should set aside someting, if we dont have this control, that hidden fund of yours can be subject to another betting rounds. Always start from strengthening your mindset before doing anything.
I like his idea of locking the balance with someone else who care about you. If you both come to an agreement and help each others then the gambler friend might find himself safe from losing everything.


For me it's quite simple.
You play only to double or triple your money(I'm talking about poker).Nothing more.
I never played poker so I have no idea about poker addiction however I am into sports betting and I know how frustrating it is to control your greed.

By the way, Thanks for OP for this very simple idea. I appreciated it with some merit for you. Hope you enjoy it.

I forgot to thank you for merit . Thank you , I glad that my topic liked and attracted the attention  Smiley

reda
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March 07, 2019, 10:52:04 AM
 #58

Unlike the winning amount it is good to save a part of the winning on every event. This will let the user have a safer fund, because people always tend to spend the entire winning on gambling and go for a bigger earning in the Short. This sometime make the user quit gambling as there won't be anymore funds to spend upon. It is us to plan wisely and spend it.

Do you believe that people actually do that. I am sure they are not instead they get greedy and loose the fund on investing more funds over multiple gambling options. I have some friends did this kind of things and lost many of their funds in the peak time of cryptos.

I always suggest to keep some funds on cold storage or paper wallet and forget it for some month until we see the next bull run.

Simply you could see the odds and watch the match and then make the betting all will be fine for you.
iMark
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March 07, 2019, 11:53:32 AM
 #59

I had similar Mantra's as well. I guess if you really experienced a big lost in your gambling habits, I guess this kind of self call will be effective. I lost heavy before and I kept thinking what if I just exited and went home or quit with my money then I would be very very happy the next day.

And now seeing all that big money gone just like that, makes me think that's why I learn to have self control and quit before I experienced that painful and disappointment and regrets again.
everyone must have such tricks because the final results given in gambling and the player's response certainly can make things worse, don't be too excited when you win because it can makes you overconfident and takes great risks. losses too, most players will do max bet when they lose right?
maydna
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March 07, 2019, 01:37:07 PM
 #60

after winning, leave the gambling table and have fun. after that, enter again but with a small bet, it will make you safer in playing gambling.

Just getting away is not enough, Excitement corrupts the mind, winnings corrupt the mind too . The task is to learn to keep  excitement under full control  , but even if we come to this, then the money we won  better to hide from ourselfs . Attitude to the money we won is quite different and it easier to lose .

I guess that will not be easy to leave the gambling table because the tempt to play still will always on there, and it could attract us to play more. But if you can controlling your mind always to remember that when you win, you must quit gambling, then you don't need to afraid to leave the gambling places.

I think leaving the gambling place is not the same as getting away because we don't want to get losses after we win and we want to save the money for other things.

The money from the "hot" place will go fast, and it could not stay in a long time in our wallet. I have this experience in the past but with another thing

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