If You Win Big Will You Remember Your Losses

[michellee]

In my life, the biggest amount I have won when betting is 4.71 BTC (profit 3.71 btc), but actually I always remember the amount of bitcoins I lost in 2015 (50BTC). I wish that if I saved them, my life would be easier.

50 BTC in gambling or you just lose it?  i wouldn't ever think about that much amount of bitcoin in my life because never saw it. But anyway, sorry for you loss but other people i am sure face that experience too, know that what they lose is bigger.

Losing 1 bitcoin is already heartbreaking, what more losing 50 bitcoin, what a poor guy. I bet he was so greedy that time because he have a large capital which he thought would last when he risk it playing on gambling, but turned out the other way. If you use it on Trading, buy high and sell low, you probably should've double that 50 bitcoin of yours today, but that's life, we always regret things in the end.

In 2015 price of bitcoin maybe around $200-$300 (correct me if i am wrong) maybe a lot of people have a lot of bitcoin at that time. But 50 bitcoin for gambling is insane, people who really have a lot of money who will risk that amount of money in gambling. 

You are right. I remember that in that year, bitcoin was around $200-$300. I can not imagine if 50 bitcoin is used for gambling in 2017-2018. I am sure that if he loses, he will get big stresses. We almost forget with the losses if we win big, and that is normal to see many people say that because we do not count how many we are a loss. But some people write their losses, and they use that to remind them about the dangers of gambling. So if they win, they can take a look and check on how much they earn money from gambling.

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[owengtam09]

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?

Maybe it is worth it for him. You say that he is daily betting on that particular offline betting outlet and I guess he is already hooked and at the same time enjoying what he is doing, and as I know about that game, there are also some small winnings or should I say consolation price if you hit some of their conditions of the game. Maybe he also wins small amount on that, so that he tries his luck to get the highest jackpot. I also forgot my loses when I actually win in a game because all what we think at that moment is our winnings and not our loses.

[doomistake]

At least when a win big can recover all previous losses and add some profit. It's useless when winning doesn't count how much money has been lost, it's the same as losing.

Counting how many losses you've made and how much money you've lost will just put too much pressure on yourself to win, and that means your mind will be clouded of thoughts and hesitation, you're going to think "what if I still lose this round" a lot of what ifs will flood your entire system which is not okay. In order to win, a clear mind and a heart full decision is needed, luck too (if you have one in gambling)

Winning big after so many losses is a sign that you should quit, maybe God allows you to get back your losses to make you realize how dangerous gambling is.

[finzyoj]

I think, I'm more of a "now" person. I just live in the moment. I mean, what matters for me is what happens now. Of course, I still recall the fact that I have lost before but not to the point of counting them and see if my winning is enough to get back my losses. I simply enjoy what I have gained rather than what I have lost.

[wxa7115]

But there is a problem, if i win i will play again, again, and again. Then i lost again.
After that i will say so stupid why i don't cashout that money 

We really can't blame you for doing such. I think it's just human nature to feel the rush of adrenaline especially after you win.

However, as you have said, it is a problem once you let that adrenaline rush control you. The tendency is the thing which happened to you—lose. Well, since you already know the possible outcome, I hope you learned your lesson.

It is natural I agree but that lack of control can lead to addiction, it is important that you set a limit to how much you are willing to gamble each week or set a limit to how long you will gamble during a week, I say this because most of those which become addicted start that way, they gamble a little and then when they win they get very excited and instead of cashing out and be thankful for their luck they decide to keep playing.

Then they lose they money and this generates in them a desire to get it back only to lose again, this creates a set of behaviours of which is really difficult to get out as such it is better to never go through that path to begin with.

[STT]

Even though you experienced a lot of losses in the past, that will not tell you the wins you will be having in the future.

Obviously its possible to win and still not cover previous losses.  The idea of noting previous losses is that on average your games won will reflect an average for that games probability of winning, hence some will want to continue until their luck returns.   Thats probability theory and it has to be done properly really so the gambler isnt just chasing losses in blind hope but noting each game won or lost is not a bad idea so you can at least repeat what has proved profitable in the past.

[terencio]

I always remember my losses because I keep a track on the spreadsheet how much money I've loss  and why I've got a tracker because that money comes from the loan I took. Even though I have already recovered my loss, but every win I always subtract it from my losses.

[michellee]

I always remember my losses because I keep a track on the spreadsheet how much money I've loss  and why I've got a tracker because that money comes from the loan I took. Even though I have already recovered my loss, but every win I always subtract it from my losses.

I am sure that you can control your money in gambling, so you don't get a big loss. But I guess that you will need a long time to recover your losses because I don't think that you can win many times in gambling. You will need a huge lucky to win the games, especially to win big money. But even you get a big win, and it doesn't mean you can recover your losses because I am sure that your losses will bigger than all of your winnings.

But having a tracker to know how much you win and lose will give you a chance to see how big you're lucky in gambling. I never suggest getting the money from a loan because we will be difficult to pay back the loan, especially we cannot always win the gambling game.

[peter0425]

In my life, the biggest amount I have won when betting is 4.71 BTC (profit 3.71 btc), but actually I always remember the amount of bitcoins I lost in 2015 (50BTC). I wish that if I saved them, my life would be easier.

Well the question is when did that winning happen?because if you made that in the late 2017 or early 2018 surely that you covered all that said 50btc losses because the value of bitcoin from 2015 to 2017-18 is significantly increased
But that’s normal to remember that 50btc because comparing to the price now that’s a huge amount,anyway for sure you won’t accumulate that said amount if that’s happen today lol and you will not risk to gamble such big volume

[Inkdatar]

Of course I will count the number of my winnings whether to cover the amount of loss of money that I have spent so far. Because my initial goal was to make money not for fun.What I have tried so far is that each time I win the amount to be above my previous defeat.

We count the number of winnings and we think if it is really worth it. The point is when counting a number of winnings can we really cover the amount of money we lose? There’s a need of huge funds for that just to aim for a big win. Well, let’s hope for more luck to come to win.

[samputin]

-snip-

We really can't blame you for doing such. I think it's just human nature to feel the rush of adrenaline especially after you win.

However, as you have said, it is a problem once you let that adrenaline rush control you. The tendency is the thing which happened to you—lose. Well, since you already know the possible outcome, I hope you learned your lesson.

It is natural I agree but that lack of control can lead to addiction, it is important that you set a limit to how much you are willing to gamble each week or set a limit to how long you will gamble during a week.

I think that is a good way to control yourself—to set a particular limit for a day or for a week. It is quite challenging and tempting if you'll only remind yourself at the moment you play.

But if you have already set your mind that you will only gamble a specific amount day(s) before going to the casino or before going to your favorite gambling site, then most probably you'll save yourself from bigger loss. However, you still have to make sure that you will follow that mind set and not let greed take over you.

[jakoylantern]

-snip-

We really can't blame you for doing such. I think it's just human nature to feel the rush of adrenaline especially after you win.

However, as you have said, it is a problem once you let that adrenaline rush control you. The tendency is the thing which happened to you—lose. Well, since you already know the possible outcome, I hope you learned your lesson.

It is natural I agree but that lack of control can lead to addiction, it is important that you set a limit to how much you are willing to gamble each week or set a limit to how long you will gamble during a week.

I think that is a good way to control yourself—to set a particular limit for a day or for a week. It is quite challenging and tempting if you'll only remind yourself at the moment you play.

But if you have already set your mind that you will only gamble a specific amount day(s) before going to the casino or before going to your favorite gambling site, then most probably you'll save yourself from bigger loss. However, you still have to make sure that you will follow that mind set and not let greed take over you.

I agree with what you said; I usually do the same thing because when the day that I lose a massive amount of money, I get too emotional because I can't afford that loss. After that, I set my self that I will control my money in every bet that I will make. This day I calculate mostly everything that I gamble, and also, I bet a limited money/budget money that if I lose all of it its game over. But not only in losing, I also have a range profit, that I gain that profit I will stop ( but mostly depending on the luck that I have.)

[Genemind]

That's the nature of gamblers. They will never stop until they gain the profit that they want. Winning a larger amount one big time is still fulfilling despite losing something each day. However, we should still set a target goal and we must know when to stop. If we think that we're not gaining what we want, we better quit than regret it in the end.

[roosbit]

Of course I will have to remember my losses to see where I have come from, especially if it's a BIG win.

And TBH I think looking back at your losses is good gambling etiquette as this could help in bank roll management when you gain the experience thanks to not giving up .

[ringgo96]

I am honest when playing gambling to be able to take capital back, but indeed some people give advice that it is difficult if you want to get the capital back, but now I am still trying to stop and remain sincere with the losses that I have gotten. if you want to gamble, make sure it's not for money but fun because this can make you addicted

[Best Dreams]

In my life, the biggest amount I have won when betting is 4.71 BTC (profit 3.71 btc), but actually I always remember the amount of bitcoins I lost in 2015 (50BTC). I wish that if I saved them, my life would be easier.

50 BTC in gambling or you just lose it?  i wouldn't ever think about that much amount of bitcoin in my life because never saw it. But anyway, sorry for you loss but other people i am sure face that experience too, know that what they lose is bigger.

Lose is lose it could be huge or miner and the lose of bitcoin is really unforgettable that’s why people should remain careful while gambling so they will better able to play skillful ways. It’s good if one keeps him lose in mind as it helps learn and avoid lose for next time. Winning comes after learning and we learn from mistakes.

[Wintersoldier]

In my life, the biggest amount I have won when betting is 4.71 BTC (profit 3.71 btc), but actually I always remember the amount of bitcoins I lost in 2015 (50BTC). I wish that if I saved them, my life would be easier.

50 BTC in gambling or you just lose it?  i wouldn't ever think about that much amount of bitcoin in my life because never saw it. But anyway, sorry for you loss but other people i am sure face that experience too, know that what they lose is bigger.

Lose is lose it could be huge or miner and the lose of bitcoin is really unforgettable that’s why people should remain careful while gambling so they will better able to play skillful ways. It’s good if one keeps him lose in mind as it helps learn and avoid lose for next time. Winning comes after learning and we learn from mistakes.

Basically, how could a person avoid mistakes in gambling? Most of the time, you are betting and risking without knowing where to bet. If you have intuition, you can use it, but most betting game isn't really predictable, you cannot avoid losing. For me, I will still consider my losses before I celebrate when I win. It is unfair so don't stop if you're finished, stop when you're done, when you your win is greater than your loses.

[gandame]

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?

When the time i gamble online i remember all my loses in i got won. If i compute all my loses in my winning its more bigger the winning rate than my loses.
But some are bigger there loses than there winning.

[maydna]

Of course I will count the number of my winnings whether to cover the amount of loss of money that I have spent so far. Because my initial goal was to make money not for fun.What I have tried so far is that each time I win the amount to be above my previous defeat.

So you need to be careful if you want to make money from gambling because as far as I know, the chance to make money will not bigger than to lose the money. Many people desperate because they lose and when they can win big money, I guess that they still lose some money because they already lose from a long time ago. But yes, they will not remember their losses, and they will consider that the losses are normal for them. Some gamblers are making a file of how much he wins and lose so he can know how much money he spent in gambling.

[Free1bitco.in]

In general, even though you have gotten common from this, chances are that people will again count the amount they got, and have lost it. this they do to find out whether they are still in a loss, or have profit. it's just that, I feel that those two things will still make people return to play. if he still feels defeated, he will most likely try to improve on that, whereas when they win, I think it will make people addicted.