Hard earned money - Busted in seconds

[Wind_FURY]

I believe OP lost nothing but his $3.00 and only wasted some of his time. Plus he merely lost the "people's money" back to the people. We couldn't say if the money "lost" was truly "hard earned" or not, but technically you gambled for it, it's still in your account, and you still use it to gamble again, so that money you held was fair game.

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 

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.

There was a psychological study that addicted gamblers actually want to lose, not win. They are addicted to the feeling of losing then winning. It's a dopamine kick, it's not necessarily about earning the money back.

[Taskford]

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 

It takes week, months and years to earn money but it takes only few seconds to lose all the money.

That's the reason why everyone tells us that do not to spend the money which we can't afford to lose in gambling and trading. Both are risky and can make us bankrupt.  Nothing can be done now as the damage has been done. Now you need to focus again to earn more money to repay the debt.

I'm sure that each of us has paid our fee for the experience with gambling, some a lot some a little, but hardly anyone has been able to get the experience for free. If a person cannot control himself while gambling then he will pay the price. The main question is how much he will pay before he learns to control himself. The saddest thing is that some gamblers are willing to pay for their entire lives without realizing that until you know how to control yourself it is better to stay away from gambling.

Most of the time we encounter this kind of losses when we are new and been hype up with something huge return what inserted on our minds to those who promote this to us. For sure those who already experience this painful defeat will learn their lesson especially on holding their finances on gambling since this is mostly the lesson will be learn by gamblers who lost after the end of the day.

It's unfortunate, but that's the cycle if you're not going to think thoroughly every decision that you will make. If you are going to be a one-day-millionaire, you will be the one crying in the end. Because after all, the gambling you risked your money to won't give you a budget for your necessity if ever you bet all of your funds in it. Just make sure that you learned and never do it again. After all, experience is the best teacher. Maybe some really have to undergo through it to be wiser the next time around and to be more cautious of their actions.

But actually there are many ways not to encounter that if the user is not totally lazy on reading things which can help them. I believe many gambling forums exist online and also this board in the forum can help those guys seek for the informations or discussions they want. People experiences is good info to learn by everyone to avoid if there's something happen to their funds and adjust according to what is right in terms if we are already trying to play without getting hurt badly. Proper handling of finances is the key to avoid getting broke in gambling.

[molsewid]

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.

Yes, I agree. I have some rich friend who doesn't care about losing because they have too much. And as he said, he is not rich the money he used is for his other expenses and that will be a red flag for me, it only shows that he is getting addicted to gambling and if he will not stop that he will probably lose everything even that money that is not yet in his hands. Rich people know how to handle their money, some of them have their own financial adviser as well because for them gambling is just entertainment, and some others play to kill their time. Gambling with proper management is good.

[xSkylarx]

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 

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.

Strategy is a minor one to win but still the most of it was more on luck. In gambling you should really need to like allocate amount of money so you will not go over it . Most of people I know when they go to casinos , they only brought is for fare and money to spend in casino so that they can make sure that they cant over it but still there are lapses of it because you can borrow money which you will be in debt so controlling your emotions is also one of the things needs to work on.

[Maslate]

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.

Yes, I agree. I have some rich friend who doesn't care about losing because they have too much. And as he said, he is not rich the money he used is for his other expenses and that will be a red flag for me, it only shows that he is getting addicted to gambling and if he will not stop that he will probably lose everything even that money that is not yet in his hands. Rich people know how to handle their money, some of them have their own financial adviser as well because for them gambling is just entertainment, and some others play to kill their time. Gambling with proper management is good.

Don't use the word rich in gambling because there's no person that has infinite money.
You might be rich but if you are gambling more than you can afford to lose and you'll lose control eventually, that would easily make you poor, or worse you will end up homeless.

Discipline is the key to being happy in gambling, and understanding the risk is very important so you'll be able to manage the risk.

[michellee]

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.

Yes, I agree. I have some rich friend who doesn't care about losing because they have too much. And as he said, he is not rich the money he used is for his other expenses and that will be a red flag for me, it only shows that he is getting addicted to gambling and if he will not stop that he will probably lose everything even that money that is not yet in his hands. Rich people know how to handle their money, some of them have their own financial adviser as well because for them gambling is just entertainment, and some others play to kill their time. Gambling with proper management is good.

But some rich people don't know how to handle their money and spend it to get the pleasure they want. Many of them also spend their money at the gambling table, even though some can manage their money but others lose all their money. But it would be even better if we do have money and want to use it to gamble, we must be able to manage that money properly and correctly so that we experience a lot of losses like other people.

[Boristhecat]

This has happened to a lot of users, I even have seen people busting big loans. Is important to understand when to stop and take our loss because the feeling after hitting an empty wallet is terrible.

Is one of those non-cheap lessons that cryptos have for us.

This is a terrible lesson, but I agree that it is very useful and probably every gambler should get it as soon as possible. For example, I learned a similar lesson when I was a student and lost my "modest" money. I'm sure if I had been "lucky" it might have been the first time I'd faced a big loss in adulthood. It would be much more painful. The most important thing is to draw the right conclusions after such a lesson and not repeat such mistakes again.

[Smartvirus]

You've said it more briefly in OP, you gambled what you can't afford to loose and gambling is a game of luck so, I don't know where your over 20 rolls to increase your chances of winning or probability of success is coming ffrom.on fact, when I gamble, I like to think more of the possibility of a lose than success. That way, I better guide myself against whatever outcome and should it turn out not to be funny, I just suck it up.

That puts me in a better position to gamble only what I could see as spare or extra cash. How can you be in debt and still get to gamble away your hard earned money of over 2months. That's a lot of time wasted and still in debt. I won't say better luck next time but, I hope you learn something from this sad experience. That it can never be about what you see for a probability of success when it comes to probabilities and gambling.

Breaking rules, incures unbearable loses!

[retreat]

There was a psychological study that addicted gamblers actually want to lose, not win. They are addicted to the feeling of losing then winning. It's a dopamine kick, it's not necessarily about earning the money back.

although I never studied psychology but it seems this is true, I have a friend who is addicted to gambling, he doesn't care about his losing money, he only cares about winning bets when he is in a losing position. Gambling addiction is a serious problem, it needs special treatment from psychiatrists to change gambling addicts.

[maydna]

Hard earned money - Busted in seconds is not worth getting because we collect the money from every moment, but it is gone in just seconds. We got this lesson from here, and @OP teaches us not to follow what he did and always save our money by withdrawing it as soon as possible before the money runs out. If you can win from the games, and that money can increase in a short time, you are lucky, and you must stop playing gambling as possible and leave the place. I am not sure if you can win some money in the next rolls because who knows, your luck is leaving you.

[mirakal]

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 

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.

That's how the became much richer because they know how to control their behavior or when exactly to stop and they knew how to calculate their chances of losing if they still continue to gamble, the most problem of those who aren't lucky in life is that they are greedy to have that much money to be a millionaire overnight, that doesn't work like that.

[JohnBitCo]

There was a psychological study that addicted gamblers actually want to lose, not win. They are addicted to the feeling of losing then winning. It's a dopamine kick, it's not necessarily about earning the money back.

although I never studied psychology but it seems this is true, I have a friend who is addicted to gambling, he doesn't care about his losing money, he only cares about winning bets when he is in a losing position. Gambling addiction is a serious problem, it needs special treatment from psychiatrists to change gambling addicts.

If your friend does not care about losing money, he must be very rich and he can risk his money on gambling. Unlike him, I and many others care for our money and we can't risk a big amount in gambling.

Hard earned money - Busted in seconds is not worth getting because we collect the money from every moment, but it is gone in just seconds. We got this lesson from here, and @OP teaches us not to follow what he did and always save our money by withdrawing it as soon as possible before the money runs out. If you can win from the games, and that money can increase in a short time, you are lucky, and you must stop playing gambling as possible and leave the place. I am not sure if you can win some money in the next rolls because who knows, your luck is leaving you.

We all know that it's not easy to earn money and we should apply money management skills in gambling, but unfortunately, when we are actually playing gambling, we forget all these things and emotions take control over us.  

[bitbollo]

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  

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.  

it is not a "rich person" approach but it is the correct approach in gambling! or not to care about the amount you lose, but play a figure that you can lose without the slightest regret, without even taking it into account in your spending budget!

[Fredomago]

Hard earned money - Busted in seconds is not worth getting because we collect the money from every moment, but it is gone in just seconds. We got this lesson from here, and @OP teaches us not to follow what he did and always save our money by withdrawing it as soon as possible before the money runs out. If you can win from the games, and that money can increase in a short time, you are lucky, and you must stop playing gambling as possible and leave the place. I am not sure if you can win some money in the next rolls because who knows, your luck is leaving you.

No guarantee if how long your luck will stay at your side, OP is giving good guidance to avoid doing the same mistake that he did, better to withdraw your fund if you already reached something decent. Unlike how OP did, Don't know if that's out of greed or too much confidence that he can add more with his winnings.

If he withdraws even half of it, that's already decent coming from only $3 initial bankroll, he can enjoy some beers from that earnings

but, it's his decision to continue and then losses everything back from the house.

[Fortify]

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.

Yes, I agree. I have some rich friend who doesn't care about losing because they have too much. And as he said, he is not rich the money he used is for his other expenses and that will be a red flag for me, it only shows that he is getting addicted to gambling and if he will not stop that he will probably lose everything even that money that is not yet in his hands. Rich people know how to handle their money, some of them have their own financial adviser as well because for them gambling is just entertainment, and some others play to kill their time. Gambling with proper management is good.

It's actually kinda sad how they would rather spend that money on such a wasteful behavior instead of putting it into a more useful endeavor. But I guess the flip side of it is, they are actually spending it somewhere instead of just letting it sit and build in their bank accounts like some rich might prefer to do. The trickle down effect is tiny in reality, the dealer tips and keeping someone behind the drinks bar is probably only providing a few incomes to society. It depends how rich you are really, some people can give a lot to charity while frittering the same amount away on gambling. It's a dangerous addiction to fall into and even sillier when rich people are just chasing such a short term buzz when they stand to gain little else from it.

[Quidat]

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 

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.

That's how the became much richer because they know how to control their behavior or when exactly to stop and they knew how to calculate their chances of losing if they still continue to gamble, the most problem of those who aren't lucky in life is that they are greedy to have that much money to be a millionaire overnight, that doesn't work like that.

Gambling was never meant for that kind of aims or hopes when we do talk about becoming a millionaire but we know on how a person do really behaves when it comes their perception
into gambling which we know that it could really give out those kind of chances which cant really be denied but in overall aspect on which tending to be sticking out with the odds or simple
with reality then its really hard to believe on that we would really make ourselves to be that profitable in gambling side.Not all would really be that lucky and not all
would really be that mindful towards their actions.

[Fivestar4everMVP]

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 

LOL, sorry I find this funny, but I honestly can relate, been a victim of this more than 6 or 7 times that I completely burnt my gambling account due to reckless gambling.
The thing with me is that, I don't gamble frequently but when I do, I do it carelessly, and I do it for fun and don't care if I win or not, this makes me not to pay attention to the rules of the game, I usually go all in and sometimes when lucky, I win huge amount, and then I go all in again with both capital and wining, I do this several times and before I know what's happening, my account goes from thousands of dollars to zero, this only demonstrates how hard it is to make money and how easy it is to loose it.
Though the difference between us is that I don't borrow money to gamble and I also don't gamble with what I can't afford to loose, this is the reason why each time I burn my account, it does not get to me or affect my emotions.

[KTChampions]

^

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.

Yes, this is not the only mechanism that works, but I think that this is the main mechanism at the stage when a person starts the game and cannot finish it until he wins a large amount or loses all the money. Nature forces him to chase victory to the end. If you played physical slots, you probably noticed that when symbols drop on the reel, it often turns out that literally one symbol is missing before winning, and this gives you great motivation to make one more spin and then another and another.

[Issa56]

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.

That's the problem most gamblers do have, they believe gambling is kind on easy, after getting into it they end up losing money. So before we start gambling we should all know that gambling is not really easy.
As a gambler we should always make sure we take our profit, we shouldn't be greedy, we shouldn't be using our profit to bet incase when you lose money you will definitely have a backup, but if you are using your profit to bet then when you are losing your money then you are losing both your startup capital and your profit. We can't be always right so sometimes we will be wrong and we will lose money.

[Accardo]

OP, I would say that you took a risk and it didn't favor you, and the problem is half solved because you took responsibility of the mistake. What is required of you is to focus on how the debt will be paid. And, remember not to make the-same mistake twice.