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Author Topic: Hard earned money - Busted in seconds  (Read 3693 times)
mia_houston
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May 03, 2022, 03:23:43 PM
 #161

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me  Sad Sad Sad
This is why gambling is something that we should be able to avoid, maybe some people are lucky in gambling and earn a lot of money, but their addiction to gambling is not impossible to make their return to being poor, I think no one will be rich for long from the results of gambling because sooner or later of course bad luck will come to them, what happened to you is no different from some of my friends who had to end up in prison for not being able to pay debts and there were even some of them who had to end up on the streets, indeed gambling is a pleasure but if it becomes an addiction of course it will be a disaster.
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May 03, 2022, 05:31:29 PM
 #162

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me  Sad Sad Sad
This is why gambling is something that we should be able to avoid, maybe some people are lucky in gambling and earn a lot of money, but their addiction to gambling is not impossible to make their return to being poor, I think no one will be rich for long from the results of gambling because sooner or later of course bad luck will come to them, what happened to you is no different from some of my friends who had to end up in prison for not being able to pay debts and there were even some of them who had to end up on the streets, indeed gambling is a pleasure but if it becomes an addiction of course it will be a disaster.

Well said, a disaster if you failed to control yourself getting addicted, for some an entertainment but for people who have an aggressive approach to this kind of entertainment sooner or later they will suffer huge loses to the point that they will Yolo everything that they have in their savings and find it out that they've already burned it all.

You need to cope up with this and move forward, divert yourself to something that will free up your mind in thinking about gambling. The best way to limit yourself is to limit your finances and never to dwell on your losses.

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May 03, 2022, 06:12:13 PM
 #163

Hi !
Let's understand that sometimes this is usual and sometimes it's unusual for you to have such probelms. If this is normal for you then I would honestly advice you to seek medical care. Most people fail to understand that addiction is a cause of brain abnormality and thus needs to be treated that way as well. Therefore for starters you should go to the GP and get a referral. If this is not the case and this is a one time thing you should *never try and do it again* try and put your savings somewhere else not in the same wallet from where it can be accessed that easily. Make separate wallets for gambling and savings which on any accord must not be touched. I hope you realize that you solely are in control of all of this and improve your situation. Best of luck!

It's not a brain anomaly at all. Rather, it is a conditioned reflex that a person acquires while gambling. If you win, you get a release of the happiness hormone. It does not matter at all how big the winnings are. Over time you get used to constantly encouraging your body with these hormones and when you deprive yourself of these hormone emissions you fall into a depressive state. That's why the gambler is so drawn to come back to the casino.

In fact, another mechanism works and it is sewn into the human brain even before birth. To put it simply, the brain mobilizes the body's resources if the "prey" is close (yes, this is a rudimentary legacy of the fact that a person is an animal). And it pushes the person to play further. If you notice casinos always create the feeling that victory is very close. This is the exploitation of this particular natural mechanism that is in people, by the way, it is natural that men (hunters) are more susceptible to such manipulation than women.

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May 03, 2022, 06:23:04 PM
 #164

^

That's an interesting thought. It is quite possible that these mechanisms work together, as if only the mechanism described by you worked, a person would not strive for gambling so much, as he can get the loot while doing everyday work. A person gets pleasure from winning and this, in my opinion, is the main motivator to return to the casino again and again.

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May 03, 2022, 07:49:45 PM
 #165

^

That's an interesting thought. It is quite possible that these mechanisms work together, as if only the mechanism described by you worked, a person would not strive for gambling so much, as he can get the loot while doing everyday work. A person gets pleasure from winning and this, in my opinion, is the main motivator to return to the casino again and again.
Once you do really have that kind of intent on where you are aiming to make profits then you would always be having the reason on which you do go back again and again on casinos
as long you do have the money to spent or in your pocket then you wont really be stopping for you to play as long you couldnt really satisfy your leisure needs or simply with your greed.
This is one of the most common problem for a person to attain or able to experience out if you are really that gets addicted to gambling where trying out to control yourself
in terms of spending is something really very very hard on solving it personally or on your own.

R


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May 03, 2022, 07:57:01 PM
 #166

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me  Sad Sad Sad
This is why gambling is something that we should be able to avoid, maybe some people are lucky in gambling and earn a lot of money, but their addiction to gambling is not impossible to make their return to being poor, I think no one will be rich for long from the results of gambling because sooner or later of course bad luck will come to them, what happened to you is no different from some of my friends who had to end up in prison for not being able to pay debts and there were even some of them who had to end up on the streets, indeed gambling is a pleasure but if it becomes an addiction of course it will be a disaster.

Luck always runs out eventually, that's why Vegas casinos are so big and beautiful. Unless you are playing a skill based game or doing something like card counting, it's nigh on impossible to make a living out of this. From what I recall there is a small and quiet operation in Australia that is making money from mispriced odds on sports books, but they do this arbitrage at a huge scale - most likely to help bookmakers lay off their bets if they're allowed to do it long term. Besides that, you need a very keen eye to make any profit out of a sportsbook. You can make money from other games like poker, as long as you are playing at a higher skill level than the people around you - but they'll always be someone better so it is a high intensity game.

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May 03, 2022, 08:05:30 PM
 #167

...
 in Australia that is making money from mispriced odds on sports books, but they do this arbitrage at a huge scale - most likely to help bookmakers lay off their bets if they're allowed to do it long term. Besides that, you need a very keen eye to make any profit out of a sportsbook.
...

there are dedicated service that allow to make this kind of bets, but you need dozens of accounts, in several bookmakers and be able to place these bets in short time. each time the money earned are just a little percentage (1-2%), so you need to have an huge bankroll for a decent earning (... just count money for withdrawal).

if you are addicted to games you can also waste your funds searching "the chance of the victory" even playing with this strategy. I mean, it's hard also in this case earn safe money and not risk again.
I think that when there is the risk of real addiction or money wasted easily (like the OP story), the only solution is "stop gambling". if you have passed this line things could just get worst.

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May 03, 2022, 08:40:29 PM
 #168

I think it's okay to use hard earned money to gamble, but we should be able to limit the amount of money we will use to gamble. So the hard earned money that we have will not all run out, and the most important thing when gambling is to control our emotions, so we know when to stop and not continue to gamble until we lose all the money we have. From the very beginning the OP used the money saved to pay off the debt was the wrong decision, I hope the OP realizes his mistake and makes it a mistake not to do the same thing in the future. I also thank the OP for sharing what he went through, it is also a warning to all of us to be responsible gamblers. I suggest gambling with the extra money we have, meaning that we first fulfill all our needs.
Including paying debts, bills, and daily necessities. After that if there is still money left we can use it for gambling, the key is in ourselves how we manage money well, that way we can prevent what happens to the OP.
Of course it's very fine because it was ours. We work hard for it so we deserve to spend it, on the things that can make us happy and gambling can be one of it. What is only not right is if you stole the money and use it for your own good.

Limiting is a must and before we gamble, we always been warned to gamble responsibly because if not then there might be some bad things that will happen to us like we can lose too much money or become heavily addicted with it. This must be the biggest mistake the op have made or will made to his life because he shared it here and I can feel that next time he will be more careful again or he may not play gambling anymore.
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May 03, 2022, 09:54:20 PM
 #169

I know that nothing we could say here could take back the events, to prevent it, nor to change it back. But it is good to hear that OP has learned a lesson from this experience, despite the negativity of it all. And reading the responses here, I believe that forum users are also aware of such happenings and what must be abided in order to not be in this situation, which I hope that we may have the determination to always put into practice.
Its a common thing even if we dont really share it up publicly but we could really make out some self realizations on mistakes that we had committed out just because of some foolish actions came from our own

foolish beliefs towards gambling.If you cant handle out your addiction then you would really be likely to fall into this scenario on which you would be spending money which arent supposed to be spent

on gambling but it would depend if you are really serious on avoiding it on next time or you would tolerate it.So its your call!

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May 03, 2022, 10:20:01 PM
 #170

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me  Sad Sad Sad

I don't think gambling is bad, but I think is bad being addicted to gambling, from the post I believe you lost l your money because of two reasons which are; you are addicted to gambling and also you are greedy. You started with $3 and you where able to grow the account, why don't you continue growing your account gradually? Also whenever you are gambling you should also learn to take your profit, you shouldn't just leave all your money there I believe you have learnt your lesson and also other forum users will be able to learn from your post.

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May 03, 2022, 10:56:43 PM
 #171

You should always follow your game strategy. When emotions begin to overcome, then you need to pause the game, it won't go anywhere from you and you can continue at any time. I'm not a gambler myself, but I can sometimes play poker, and sometimes I can raise the odds recklessly too. It almost always ends in a loss.
It is hard to pause when you are too emotional. You barely control yourself and for you to overcome, you wont be able to think on it when you are on the spot and situation. That makes it harder because you do not think of any other thing but just to gamble and have your bankroll or capital bank. And when you are dealing with that situation, that makes you reckless and you are out of control.
When you have nothing on your hands, that is the time you come to regret the action you made.


I agree because I also experience to lose control in gambling in the past, it takes a lot of losing experience before I learned how to control myself.  Discipline is necessary, keep learning from your mistake and eventually, you'll mature as a gambler, the only principle to follow is to gamble what you can afford to lose and never think of considering gambling as a source of income, unless you are exceptionally good.
Those experiences that we've got are the ones that will dictate and teach us what we should do. From those huge mistakes, to little by little, they're going to be corrected and we're going to learn from them. Words are easy to say as advises too but when it's about the application of those words.
That's where the gambler is falling shortly and hardly going to follow.

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May 03, 2022, 11:00:18 PM
 #172

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me  Sad Sad Sad

I don't think gambling is bad, but I think is bad being addicted to gambling, from the post I believe you lost l your money because of two reasons which are; you are addicted to gambling and also you are greedy. You started with $3 and you where able to grow the account, why don't you continue growing your account gradually? Also whenever you are gambling you should also learn to take your profit, you shouldn't just leave all your money there I believe you have learnt your lesson and also other forum users will be able to learn from your post.
Addiction is the major cause for the loss. If not, OP could've stopped rather than going for a higher amount and come back after some time. As suggested it is good to grow the account through wagers, and not get greedy just on experiencing some good wins. Taking profits too is a good thing, because leaving the profits will tend to go for higher amount which is taking big risk. Some might get lucky, whereas the majority won't.

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May 03, 2022, 11:07:43 PM
 #173

I know that nothing we could say here could take back the events, to prevent it, nor to change it back. But it is good to hear that OP has learned a lesson from this experience, despite the negativity of it all.
Hopefully he really does.

And reading the responses here, I believe that forum users are also aware of such happenings and what must be abided in order to not be in this situation, which I hope that we may have the determination to always put into practice.
We've come to a certain point of our lives that we did the same thing that we've regret. And that will be correcting us with our further decisions not just in gambling but also in our aspect of our lives.

This is gambling and we're aware that it could really make us lose all of our money if you're not careful with what you do.

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May 03, 2022, 11:10:19 PM
 #174

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me  Sad Sad Sad

I don't think gambling is bad, but I think is bad being addicted to gambling, from the post I believe you lost l your money because of two reasons which are; you are addicted to gambling and also you are greedy. You started with $3 and you where able to grow the account, why don't you continue growing your account gradually? Also whenever you are gambling you should also learn to take your profit, you shouldn't just leave all your money there I believe you have learnt your lesson and also other forum users will be able to learn from your post.
Addiction is the major cause for the loss. If not, OP could've stopped rather than going for a higher amount and come back after some time. As suggested it is good to grow the account through wagers, and not get greedy just on experiencing some good wins. Taking profits too is a good thing, because leaving the profits will tend to go for higher amount which is taking big risk. Some might get lucky, whereas the majority won't.

But some are not stopping as they want to recover their losses.
I think, most of us experienced that situation, trying to tell ourselves to stop once we lose the next round.
But because we are just human, we are tempted to bet again for the hope of getting back the losses.
Up until, we lose all our bankroll. And that's when we totally stop playing. I also know the feeling as I've been there many times.
But as much as possible, I leave something for myself and not totally walking out zero.
milewilda
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May 03, 2022, 11:38:04 PM
 #175

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me  Sad Sad Sad

I don't think gambling is bad, but I think is bad being addicted to gambling, from the post I believe you lost l your money because of two reasons which are; you are addicted to gambling and also you are greedy. You started with $3 and you where able to grow the account, why don't you continue growing your account gradually? Also whenever you are gambling you should also learn to take your profit, you shouldn't just leave all your money there I believe you have learnt your lesson and also other forum users will be able to learn from your post.
Addiction is the major cause for the loss. If not, OP could've stopped rather than going for a higher amount and come back after some time. As suggested it is good to grow the account through wagers, and not get greedy just on experiencing some good wins. Taking profits too is a good thing, because leaving the profits will tend to go for higher amount which is taking big risk. Some might get lucky, whereas the majority won't.

But some are not stopping as they want to recover their losses.
I think, most of us experienced that situation, trying to tell ourselves to stop once we lose the next round.
But because we are just human, we are tempted to bet again for the hope of getting back the losses.
Up until, we lose all our bankroll. And that's when we totally stop playing. I also know the feeling as I've been there many times.
But as much as possible, I leave something for myself and not totally walking out zero.
Whenever you do tend to chase up your losses then you would really be gonna end up on being fucked up in the end because instead on getting those money back you would lose even more.
Busted,Getting fucked up, losing all your money is just a common line whenever you do make yourself do engage with gambling and this should be the main thing that to be put
up in your mind.If you dont like to lose then dont gamble as simple as that.If you dont break that kind of habit then you would really be having a messed up life
since you do only spend your hard earned money into something which cant benefit you out on long term.

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May 03, 2022, 11:58:36 PM
 #176

Honestly, gambling is never easy, it is all about patience and risk management. We need to be able to learn how maintain already earn fund so we won't lost it again to the house. It is a good practice to withdraw your funds everytime you win big amount of profit. One can also withdraw fund we little profits are made.

We done have to leave our funds on gambling platform for long before withdrawing them because it we can lose the fund if care is not taken. Make some winnings, withdraw part of the fund and keep them safe.

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May 04, 2022, 03:28:39 AM
 #177

Honestly, gambling is never easy, it is all about patience and risk management. We need to be able to learn how maintain already earn fund so we won't lost it again to the house. It is a good practice to withdraw your funds everytime you win big amount of profit. One can also withdraw fund we little profits are made.

We done have to leave our funds on gambling platform for long before withdrawing them because it we can lose the fund if care is not taken. Make some winnings, withdraw part of the fund and keep them safe.

I don't see the sense in what you are saying because with crypto gambling, just as you withdraw them, you can deposit them again pretty fast. If we were talking about a physical casino that is far from your home, it would make more sense. You win some money, you leave and put the funds in safekeeping. If you are tempted to play again, it takes you an hour to get back. Or you go back to the casino without those funds and if you lose and want to use those funds, it costs you two hours to go get them and return to the casino.

But with crypto casinos it doesn't help. You click twice and you have deposited again.






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May 04, 2022, 03:43:17 AM
Last edit: May 04, 2022, 04:35:00 PM by mindrust
 #178

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me  Sad Sad Sad

I sometimes think only the rich people should be gambling but in reality it is the exact opposite. Rich people almost never gamble but poor people gamble with the money they don’t own. This is a pretty sad case. Rich people only play the games which they will win. It is not a surprise, that's how they get rich.  Cool

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May 04, 2022, 03:54:08 AM
 #179

Honestly, gambling is never easy, it is all about patience and risk management. We need to be able to learn how maintain already earn fund so we won't lost it again to the house. It is a good practice to withdraw your funds everytime you win big amount of profit. One can also withdraw fund we little profits are made.

We done have to leave our funds on gambling platform for long before withdrawing them because it we can lose the fund if care is not taken. Make some winnings, withdraw part of the fund and keep them safe.
When a person wants to gamble, what is in his head is victory, but he is also prepared to lose. People who are afraid of losing will never approach the gambling table, someone who has won a certain amount of money will be increasingly obsessed with continuing to play, he thinks this is his lucky day. It is easy for you to say managing risk management, OP experience is an example, Op understands risk very well, but very difficult to do, because there is a strong urge to keep playing.


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May 04, 2022, 04:02:19 AM
 #180

It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me  Sad Sad Sad

I sometimes think only the rich people should be gambling but in reality it is the exact opposite. Rich people almost never gamble but poor people gamble with the money they don’t own. This is a pretty sad case.

It depends on the gambler most of the rich people manage their money properly and know what they afford to lose in the gambling we know they are capable of doing it because they have a large number of it. Some of the gambling addicted already make a win and they want to try it again and some of them are already lost a lot of money and want to earn it back. We know how gambling makes a risk. It's all about high-risk rewards depending on the luck and players' strategy.

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