If You Win Big Will You Remember Your Losses

[LogitechMouse]

I have a friend who wins 15,000 pesos or $300 the first time keno games in an offline betting outlet, he is so happy and very ecstatic about his winnings, I congratulate him and ask him how long before he hit the jackpot, he told me that it took him 7 months and he is betting daily at 100  pesos or $3 so his losses are bigger than winnings.

But surprisingly he did not calculate his losses all he cares about is he finally wins, how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

One reason maybe is he has a stable job and the money that he uses can be brought back with his job so he can forget about his losses. Another reason that I know is he is just enjoying playing keno keno (this is what I call to keno) and he tends to forget his losses as long as he win. He is just gambling for fun that is why he forgot his losses.

[Polar91]

I have a friend who wins 15,000 pesos or $300 the first time keno games in an offline betting outlet, he is so happy and very ecstatic about his winnings, I congratulate him and ask him how long before he hit the jackpot, he told me that it took him 7 months and he is betting daily at 100  pesos or $3 so his losses are bigger than winnings.

But surprisingly he did not calculate his losses all he cares about is he finally wins, how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

I understand the perception of your friend. Not every gambler doesn't compute his total winnings minus his total losses. We can't deny the joy that winnings give us, thus some people including me will just ignore me loss so I can really feel it and be more optimistic. Some people are also gambling just for fun; perhaps they don't need to be profitable but rather have some fun with a thrill by putting their money at stake.

[jake zyrus]

Of course. It was once your experience and I bet you wouldn't forget that. The feeling of losing, the total money you've lost, and the disappointment you have felt that day. Maybe it's just his initial reaction after winning and I believe it's just about acceptance and moving forward. Of course you won't just stuck yourself at the past and your losing. At some point, you will also win and the experience of losing will become your lesson not to make the same mistake.  

[tazmantasik]

Most indeed experience more losses (amount) than wins. Everyone will be happy with the winnings, but they really never count the amount that has come out in gambling. At least Winning is the main goal, even though if we calculate it, we don't get profit.

[TIDOVEE]

Haha! When one gains victory, even though you are injured, at least for that moment you gain relief. But one may remember the scars each time you see it. It depends on how heavy the loss is sometime that determines how easy you forget it.
At times when you loss at gamble and you still have a job to expect payment. You may easily get over it. Thinking about the past loses after victory doesn't make things better but learning from the past is more important.

[iMark]

Of course. It was once your experience and I bet you wouldn't forget that. The feeling of losing, the total money you've lost, and the disappointment you have felt that day. Maybe it's just his initial reaction after winning and I believe it's just about acceptance and moving forward. Of course you won't just stuck yourself at the past and your losing. At some point, you will also win and the experience of losing will become your lesson not to make the same mistake.  

I think a good gambler will always remember the losses he got, not to lament sadness but to be part of your journey in gambling, that gambling has a huge risk of losing, and sometimes profit you earn, could be boomerang for you if you don't remember the losses that you get.

[AdoboCandies]

Gambling is very addictive and you could not realize that you're losing because all you consider is to win and to gather all the loses because winning feels so good and it makes us happy. although losing makes someone feels frustrated and angry and it takes a lot of money once your addicted to it, you will need some help to get out of it.

[agustina2]

Of course. It was once your experience and I bet you wouldn't forget that. The feeling of losing, the total money you've lost, and the disappointment you have felt that day. Maybe it's just his initial reaction after winning and I believe it's just about acceptance and moving forward. Of course you won't just stuck yourself at the past and your losing. At some point, you will also win and the experience of losing will become your lesson not to make the same mistake.  

I think a good gambler will always remember the losses he got, not to lament sadness but to be part of your journey in gambling, that gambling has a huge risk of losing, and sometimes profit you earn, could be boomerang for you if you don't remember the losses that you get.

It's just natural to remember all your loss before you get the win that you always aim for. Imagine betting for such a long time then you just win once. If you win double or even triple the amount you have won, then probably you will remember more of your win but if it's not, then that memory of losing all your money before will still linger your mind. But it's an experience worth learning and sharing.

[buwaytress]

If I can say so myself, I have a good system to keep track of winning or losing, at least when it comes to sports betting.

Apart from the daily thread I maintain on this forum, I have a small sum of money I set aside every season for football. Or specific tournaments. And then it's simple really from there. End of season/tourney, I know what's left.

Fun and limits losses.

[Utoy101]

I would think of my lose but won't care much about it because losing is part of gambling and you should always have that at the back of your mind every time you place a bet.

[TheCoinGrabber]

Since you mentioned months, then he definitely would have forgotten it. Even if he does remember, it doesn't "hurt" anymore coz of how far it is in the past.

Think of it this way. If you gamble a dollar on a lottery ticket everyday for a year, it wouldn't feel to much. But if you have to give up all that money in one go, you might even decide not to go use it to gamble.

300$ or 15kPhp is a huge amount in the Philippines that 300$ can last for 3 months.

That's basically the monthly minimum wage in the country.

[jhonjhon]

I would think of my lose but won't care much about it because losing is part of gambling and you should always have that at the back of your mind every time you place a bet.

It doesn't make you important cause you are just having fun in gambling but if you seriously think that gambling is a major source of your income, everything will be remembered and makes them needs to fill in those losses.

Winning is a way to make some encouragement and also a mind-blowing diversion that it is mostly we forgot our losses at the time when we win and want to stay in gambling cause we thinking that we make it again and again.

[pixie85]

Maybe the friend of OP wants to buy a gambling achievement. He wants to be able to tell others that he won the jackpot and to have a story to tell at parties. Maybe he's bad at math

I always calculate when I gamble and try to keep a positive record. It's usually very hard and there's not many games where I did that. If I win I will remember my losses for sure but a win helps you to swallow a loss that's for sure.

[Oceat]

Good topic, I don't think that most gamblers remember their losses to be honest (including me). All they think of is that they just won and that's what matter most for them. And I doubt that gamblers realised that or put their losses on paper so that they would know how much money they have lost so far. 

I think most gamblers will think that our losses is a part of the past now and we shouldn't think about it anymore since we can't get back what we've lost already and we can't change anything from the past. This kind of mindset is for gamblers who do have self-control that's not stressing too much of how he lost that money since in the first place it is his own fault and he enjoyed it so it's just fair to pay for entertainment.

[Reid]

All I am trying to thing about is filling up those losses. Maybe that is how he felt too when he won that jackpot.

But afterwards, maybe I will forget it all and try to win again. For profit now because I already filled those holes and its time to get what I deserve.

Same thing with what I does with dicing. Good thing in Yolodice you could see your losses and profits. You dont need to get it stuck in your head remembering it everyday.

[finaleshot2016]

I have a friend who wins 15,000 pesos or $300 the first time keno games in an offline betting outlet, he is so happy and very ecstatic about his winnings, I congratulate him and ask him how long before he hit the jackpot, he told me that it took him 7 months and he is betting daily at 100  pesos or $3 so his losses are bigger than winnings.

But surprisingly he did not calculate his losses all he cares about is he finally wins, how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

One reason maybe is he has a stable job and the money that he uses can be brought back with his job so he can forget about his losses. Another reason that I know is he is just enjoying playing keno keno (this is what I call to keno) and he tends to forget his losses as long as he win. He is just gambling for fun that is why he forgot his losses.

Yes, I think it's nothing if you really have a stable or good job. On his mind, the big deal for him is the achievement of winning on a lottery that has a small probability of winning. He's the type of person who gambles just to be entertained or wanted to have a thrill in life.

We shouldn't be serious on gambling, that's why it's called gambling because you're risking something. So at first, we are aware that there's a risk and forget all of that money we've spent on the past.

It's hard to explain, if he's just spending 2.8k pesos per month and have a lot of income from his stable job, then it's fine. But for a normal person, it's a big money already, if he saved it, he'll get a lot of money than 15k.

[leowonderful]

I like keeping track of my wins and losses; I do so for trading, so it's natural for me to at least keep a mental count of the losses and wins that I've had at least in the near future. I've had several large wins in the past, but I typically never forget the losses (sometimes a bit large) that happened before a major win. It's definitely worth winning even if you take a small loss sometimes IMO, though if you're still deep in the red after a large win that's a different story.

[maydna]

Good topic, I don't think that most gamblers remember their losses to be honest (including me). All they think of is that they just won and that's what matter most for them. And I doubt that gamblers realised that or put their losses on paper so that they would know how much money they have lost so far. 

I think most gamblers will think that our losses is a part of the past now and we shouldn't think about it anymore since we can't get back what we've lost already and we can't change anything from the past. This kind of mindset is for gamblers who do have self-control that's not stressing too much of how he lost that money since in the first place it is his own fault and he enjoyed it so it's just fair to pay for entertainment.

Exactly, we don't need to remember our loss, but it is better if we can know how much our loss so we can prevent to get more losses in the future. Besides that, we can know that playing gambling will only give us losses because we don't know when we can win the games. When gamblers can win some money, they will forget that in the past, they are losing so much money before they can win. And if they can realize that, perhaps they will think twice to continue playing gambling and risk more money in gambling.

Or if they want to play gambling, they can play with small money, and if they can win again in those games, they will consider that is because of luck, and they need to leave the places.

[Icologies]

I have a friend who wins 15,000 pesos or $300 the first time keno games in an offline betting outlet, he is so happy and very ecstatic about his winnings, I congratulate him and ask him how long before he hit the jackpot, he told me that it took him 7 months and he is betting daily at 100  pesos or $3 so his losses are bigger than winnings.

But surprisingly he did not calculate his losses all he cares about is he finally wins, how about you do you remember your losses when you win a big amount and do you calculate your losses and ask if the winning is worth it?

if I personally have a calculation for the initial capital, if for the problem of loss I do not think too much because every trade or bet must be prepared to lose as long as we make it learning why it can lose and find solutions in the future.

[NavI_027]

Maybe the friend of OP wants to buy a gambling achievement. He wants to be able to tell others that he won the jackpot and to have a story to tell at parties. Maybe he's bad at math

No, I don't think he is not bad at math like what you think of. I'm pretty sure that he is still aware of his past losses and realized that the prize he won wasn't enough to cover those losses. The thing is OP's friend was just ecstatic right after he won, he just want to live the moment of being a winner. And that's normal. Have you ever seen a person who won the jackpot that instead of being joyful he became upset and said to himself "It is not enough " Of course there's no such thing! Unless you are emotinal imbalance lol.