If You Win Big Will You Remember Your Losses

[robelneo]

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 never ask or even calculate my losses if I win big, or I will just sorry that I if win again because I will just calculate my losses again, and I feel sorry again and it will be a cycle, again and again, that's make gambling oppressive to you, and you will feel sorry that you gamble, because you are playing to lose even though you win.

[maydna]

Congratulate to your friends, and that is a gift to him to win those games. I am very curious about how much his losses in those games because I guess his losses will be more than $300 if he places big bets. I hope next time he can make a note or he can write how much money he will use to playing gambling so if he can win some money on that game, and he will know if that is worth or not to continue playing the game.

I never write or calculate how much I lose money in any gambling games. Besides that, I don't have any experience to win more than $20, so I think that is okay if I don't calculate it. But if I am playing gambling every day, and I am a pro gambler, I think I will calculate or at least, and I will write in excel or notepad so that can remind me about my winning and my losing.

[Janation]

This is the typical scenarios for most of the gamblers when they win.

They erased mostly the memories of being lost, like a slate being cleaned after winning. You are a filipino, I think so maybe you know the "balato", right?

Balato is when you win and people you know or lost ask for some consolation to you, might used the wrong word, I don't know. Most of the Filipino gamblers will say, "Talo pa nga ako ehh", meaning he still lost despite the win.

There are two reasons why they say this, first is because they don't want to give money to that certain person and the second one is that they are aware of their losses in the past that they just use as an excuse since they don't really wanna give money to other people. Even though they know they lost in the past, winning that time resets the losses in their minds and keep on gambling.

[Ridwan Fauzi]

Gambling is not my daily activities or even it is not my source income. I'm just playing gambling when I want and I had a money to play it. So I never count my money to spend when I play gambling and I never count as well my big win in gambling but I still remember my big win on gambling was I got $500 from sport betting and I never got again.

So my point here is I'll play gambling and I using money that I can afford to lose and I never goaded to deposit again although I'm still curious to playing more at there. I think I'm not a gambling addict I just know how to play gambling and must know when I must quite the gambling. Yeah, I think your friend is including to gambling addict but he never know how to play safe and how to avoid to lose.

[fortunecrypto]

I'm not a big gambler I'm just having fun gambling, it's like you are spending when you are watching a movie, and you don't calculate how much you have spent in watching movies all year round, you treated it as part of the expenses, so If I win big in gambling I don't remember my losses
I'm just happy that I win finally.

[samputin]

He will remember his losses but wouldn't mind.

Just like me. I'm not a huge gambler. I mean, I only gamble from time to time or for merely entertainment. That's why I don't really mind my losses. What matters most is my winning.

And for my dad, who bets on lottery for over many years now, his losses are surely greater than the amount he wins. But the way I see it, he doesn't mind those money he lose. Sure he feels sad if his number doesn't come out but whenever the numbers are those he bet on, he is very grateful and the times he lost are just gone. He even bought me a present from his winnings. With that, I'm sure he didn't mind.

[libert19]

If he gambled for the sake of entertainment then i don't think he needs to calculate losses.

We all spend money on food, movies, video games — and usually we don't calculate it.

While, if he was into it for money then he should be calculating it, some gamblers manage sheets where they calculate their net profit and losses.

Depends on which kind of person your friend is.

[peter0425]

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?

Surprisingly?would you expect him to cry for the losses when he should be enjoying the winnings!?And is there anything he can do to bring back the losses?

I don’t know what you wants to ask here because even in real life we don’t tend to remember the past but instead facing the future

If you are a true gambler or know about what  gambling is all about,this question will never comes onto your mind because in gambling losing is part of the game same as the winning

[aioc]

Why you have to remember, you win and that's all just matter,  tomorrow you might win again you will just frustrate yourself if you think that way, better just get your win enjoy it have a drink and face the next hoping that you will win, again and again, losing and winning are part of the game.

[btc_angela]

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. 

[Ararbermas]

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?

your friend is a true gambler mate because he play for fun only that's why he didn't calculate all her lost after winning. But it's a bluff that he didn't remember that he spent many money on it just to win . Because it's your experienced within on it and it's impossible ypu don't remember anything . Especially when verytime you succeed because it will  throw back automatically when there's something good that happening on your life.  Especially if it's a related on it.  

[lighpulsar07]

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?

Sometimes we people don't count our losses as we gamble all it matters that we won it after all the loses the we gone through winning jackpot is the ultimate goal for us gamblers and also, it's relieving if you won something after how many times we  try to get it you know!!.This also applies to real life no matter how hard you try or how many times you tried all it matters is you succeeded on what you're doing. I don't usually count my losses after i won huge in casinos since achieving the almost impossible and largest win is a huge achievement for me.

[qwertyup23]

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?

This is one of the examples on the dilemma about gambling since what only matters are the winnings and not the losings. In gambling, it creates this illusion that someone may think that they are winning but in fact, are losing due to the accruements of money along the process.

What makes this more dangerous is that it places the individual on a pedestal thinking that they are actually lucky, which would only start the cycle of gambling.

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. 

Once gamblers start to know and account their losses, that will only be the time that their discipline will manifest. Rationalizing every win and disregarding your losses would be very dangerous especially in the long-run and streak of gambling.

[nc50lc]

My gambler "friend" always remember his losses whether he wins or not; a family member also does.
That's before they decided to quit

Play Poker instead of those chance-alone-based games, it's more thrilling, intelligent and fun.

@coin-investor
BTW, you must be talking about PCSO's Keno... It's not offline, it is still connected to their server for verification, the "Keno Lotto Express" that delivers the numbers and other stuffs. (you mean local?).
Off-topic: "If You Kept on Losing, You'll Remember Your Winnings" is far more interesting, IMO.
Because that's what keeping real gambling addicts enthusiasts gambling.

[lienfaye]

I already experience to win in keno lotto but the different thing is I dont gamble often in this kind of game, I think that day im just lucky to win. I didnt hit the jackpot but was lucky enough after spending few dollars I won 400$ (if I remember it right) because its been few years.

Well if I win I dont really think about my past losses and just enjoying the current happenings. Past is past so whats the point of calculating it.

[Botnake]

Most gamblers did not remember their loses, that's why they didn't know they are already losing a big amount when accumulated.
Actually, most gamblers are just looking for fun, eve in my case, if I win big money in gambling, I would just forget all my loses because I know from the very start that to be profitable in the long run is not achievable by most gamblers.

[NavI_027]

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.

Wow! At least he won before these small time lotteries was shutdown by the Duterte administration due to missing money controversy . And besides he was still considered lucky compare to my other friend who didn't win even once .

But surprisingly he did not calculate his losses all he cares about is he finally wins

Probably because of the hype he felt that very moment or/and maybe the money he used for betting doesn't really matter becuse it was only an extra money or an allotted budget for gambling pruposes. But well, technically speaking,he still lose an amount of money but since he is not so affected by that then let it be. Let's not kill his joy  

[Barbut]

A man is enjoining playing keno, it's not matter how much he lost, we got to apwns money somewhere, and a man decided to spend it on keno, I respect that. I remember some of my big loses, but not all of them, its same with my winnings, it's cause I like to gamble and I do it everyday, it's impossible to remember everything. I understand this man, and people who enjoy in something they don't calculate how much they spend on their fun, it's like that with most activities, not just with gambling.

[sheenshane]

snip-
@coin-investor
BTW, you must be talking about PCSO's Keno... It's not offline, it is still connected to their server for verification, the "Keno Lotto Express" that delivers the numbers and other stuffs. (you mean local?).

Tend to agree and I think that is what OP means and since he stated about (peso currency)a local currency. This feeling was I noticed to my father when he won in lotto(the 3 digit combination), he keeps saying on us once he hit the combination number and got a jackpot prize. But if we add all his bet in lotto that too much compares the winning amount. But he still happy about what he got. Remembering your losses is what you've got is heavy feelings, much better if you don't.

[Ucy]

This happens to almost all risk-takers (not just gamblers) who spend time on something that has no known learnable strategy. It is not really advisable unless you are playing to discover some strategies for the luck-based gambling or you don't care about winning. 

It's generally not advisable spending alot of time trying to profit from something you do not understand its workings or has no known strategy especially if you have limited resources