Hard earned money - Busted in seconds

[smyslov]

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 

If you're reckless to regain your previous losses and you're not taking your time on your bet you will likely lose all your money in seconds, it goes with the motivation, losing your money in seconds just mean that you are playing and taking a big chance with a huge amount which is not good you want it all or nothing, and we all know its hard to beat the house with that reckless attitude.

[1714943390]

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[1714943390]

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[1714943390]

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[jrrsparkles]

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 

If you're reckless to regain your previous losses and you're not taking your time on your bet you will likely lose all your money in seconds, it goes with the motivation, losing your money in seconds just mean that you are playing and taking a big chance with a huge amount which is not good you want it all or nothing, and we all know its hard to beat the house with that reckless attitude.

Our greed never let the common sense to be on the top which is the reason why we do crazy things and life risk after knowing the chances of results will be in the favour of us is very low. Atleast in the future we should not repeat the mistake so we won't stuck in this situation forever.

[bittraffic]

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 

If you're reckless to regain your previous losses and you're not taking your time on your bet you will likely lose all your money in seconds, it goes with the motivation, losing your money in seconds just mean that you are playing and taking a big chance with a huge amount which is not good you want it all or nothing, and we all know its hard to beat the house with that reckless attitude.

Our greed never let the common sense to be on the top which is the reason why we do crazy things and life risk after knowing the chances of results will be in the favour of us is very low. Atleast in the future we should not repeat the mistake so we won't stuck in this situation forever.

The temptation is hard to resist especially when you assume its your lucky day. I had my own experience too that during the first 2 rolls I won $10, its a lucky feeling and wager more til I lost it all. That's greed. I regret the next few minutes for not stopping while I won and then life goes on. No one is going to be stuck in such situation forever. Its just a simple mistake. Everyone learns when he messed up, he had to earn back and pay the debt.

[dezoel]

This is what I did back in the day and that is why I always have a limit on what I gamble. Back in the day when bitcoin didn't worth so much, I sold a game item and made some money, it wasn't a big deal for me but I worked for 3 months to get that item, since it didn't really have much of a real world value, I got a little money for it, still a decent sum for a game item but not a lot in real life.

I gambled that away in a single hour and I cried a lot because that was the first ever money that I ever owned via working. Never have I gambled like that ever again, it was a lesson, a well paid one and now I never lose that much ever again.

[Reatim]

This is what I did back in the day and that is why I always have a limit on what I gamble. Back in the day when bitcoin didn't worth so much, I sold a game item and made some money, it wasn't a big deal for me but I worked for 3 months to get that item, since it didn't really have much of a real world value, I got a little money for it, still a decent sum for a game item but not a lot in real life.

This is what experienced gamblers like us do now , and we use our bad experiences to be more progressive and practical and of course knowledgeable to whatever gambling activities we might have.

I gambled that away in a single hour and I cried a lot because that was the first ever money that I ever owned via working. Never have I gambled like that ever again, it was a lesson, a well paid one and now I never lose that much ever again.

That is very tragic mate , first Work payment being lost because of gambling? damn this will be an Eye opener if you are a truly bright person , but others will take this as a revenge seeking situation and will always wanted to get back what's lost .

[madnessteat]

^

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.

Haha. Yes, I am well aware of how we are lured by slot machines, but fortunately I have learned to stop in time. I remember when our country's casinos have not been moved to separate zones where gambling is allowed, I very well increased my deposit. My friends at the time were very surprised that I was able to stop and left the casino. Of course I still spent all the money I earned, only it was already in a strip bar and the money gave us a completely different emotion.

[lienfaye]

I gambled that away in a single hour and I cried a lot because that was the first ever money that I ever owned via working. Never have I gambled like that ever again, it was a lesson, a well paid one and now I never lose that much ever again.

I have the same experience too that put me in trouble and much worse I had many debts to pay but unable to do so because of depression and feeling hopeless, that was few years ago. Thats why I learned from that experience and even I still gamble up to now, I am making sure that I will not repeat the same mistakes again because its so hard. You'll only realize what you did wrong in the end.

[Xxmodded]

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 

Why not try stopping bet and I think every body will success stop with betting and I have try it, the same like you like betting with small fund from $3 until $20 each sport betting games. But after active on ever weekend football match I stop with betting and keep use my money for trading. Right now just enjoying with football match only without see and care with how bigger odds giving on ever week football match. I think you can stop from betting slowly although is not easy but if you have spent money for trading or investing is better thing than keep waste all your funds for betting.

[Questat]

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 

Why not try stopping bet and I think every body will success stop with betting and I have try it, the same like you like betting with small fund from $3 until $20 each sport betting games. But after active on ever weekend football match I stop with betting and keep use my money for trading. Right now just enjoying with football match only without see and care with how bigger odds giving on ever week football match. I think you can stop from betting slowly although is not easy but if you have spent money for trading or investing is better thing than keep waste all your funds for betting.

Stopping is hard for gambler, maybe slowly minimize until the time will come that you'll be able to control yourself. I do gamble and made mistakes as well, but until now I'm still gambling and I never tend on stopping, however, the good news is that I'm able to control myself now, 100%.

[Wind_FURY]

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.

I don't believe the problem is actually because of "gambling addiction". It's just that there are certain people who probably have a chemical imbalance in their brains that's depleted of serotonin/dopamine which them makes them more susceptible to "crave" gambling because it releases more dopamine that they need. The problem might be genetic. Because truly if the problem was only about "gambling", then everyone would be addicts.

[delfastTions]

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.

This is indeed an unexpected result. I thought all gamers wanted to win and win. But such an assumption is indeed logical. From a loss, as I thought, and the truth is, the player may have stronger feelings than from a win. Perhaps it is precisely such experiences and passions that a gamer needs. As you rightly point out, this is all done by chemistry in the human body. The production of such substances act like drugs. Apparently, from losing, gamers get more of these substances. And, accordingly, more buzz, if I may say so.

[TopTort777]

romero121 sad story is another example that shows that people should gamble only with cold head. I just cant realize how much money he had lost, if his bets increased from 3 bucks to 98. As I understand, romero121 bet 3,4,5,10,20,50 and up to 98. I suppose 98 dollar bet was all-in. He wrote that he has lost 2 month salary, he is from Croatia. Google say that an average salary there is about 1.5k. 3k bucks busted in minutes. That's sad.

[dunfida]

romero121 sad story is another example that shows that people should gamble only with cold head. I just cant realize how much money he had lost, if his bets increased from 3 bucks to 98. As I understand, romero121 bet 3,4,5,10,20,50 and up to 98. I suppose 98 dollar bet was all-in. He wrote that he has lost 2 month salary, he is from Croatia. Google say that an average salary there is about 1.5k. 3k bucks busted in minutes. That's sad.

No this is too much.If you do based up on here on the latest or year 2022
then its playing around $500-1000 basing up on your skills

https://take-profit.org/en/statistics/wages/croatia/

So losing 2 month salary is between $1k-2k which is totally a waste of money and this would really be a lesson learned.

[aioc]

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.

The bigger problem is when you use money intended to pay a debt in gambling it's like losing your money and you have to start all over again, and I'm sure OP will learn his lesson well and he will be better, not really a new experience, many gamblers also experienced the same thing the hardest thing and something that must happen is to move on and get better.

[molsewid]

I don't believe the problem is actually because of "gambling addiction". It's just that there are certain people who probably have a chemical imbalance in their brains that's depleted of serotonin/dopamine which them makes them more susceptible to "crave" gambling because it releases more dopamine that they need. The problem might be genetic. Because truly if the problem was only about "gambling", then everyone would be addicts.

Actually, you have a point. People tend to gamble more because it triggers a neurotransmitter called serotonin, I know this thing as well because I have a therapist before and she said that when people are lonely or if people don't feel anything or sometimes when we feel so down we tend to find our happiness in other things, like what you have said we crave for that feeling and that will result for us to gamble more, spend more, become reckless try things that are not good for us, so I agree he has another underlying factor that's why he did that, but the thing is if will not stop this craving will become addiction soon, I think some people who got addicted in gambling might go to a rehab center.

[Cling18]

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.

The bigger problem is when you use money intended to pay a debt in gambling it's like losing your money and you have to start all over again, and I'm sure OP will learn his lesson well and he will be better, not really a new experience, many gamblers also experienced the same thing the hardest thing and something that must happen is to move on and get better.

Using funds that aren't allocated for gambling will surely cause trouble. You can't have your money back and your focus should be on the debt that you have to pay. You should take this experience as a lesson that gambling has a huge risk. You better be wise in making decisions in the future if you don't want to regret things in the end.

[maydna]

romero121 sad story is another example that shows that people should gamble only with cold head. I just cant realize how much money he had lost, if his bets increased from 3 bucks to 98. As I understand, romero121 bet 3,4,5,10,20,50 and up to 98. I suppose 98 dollar bet was all-in. He wrote that he has lost 2 month salary, he is from Croatia. Google say that an average salary there is about 1.5k. 3k bucks busted in minutes. That's sad.

No matter how much he lost, it is still sad because he can't recover the losses and can't use that money to buy something he needs. It is a lesson for us not to use the money more than we can because if the result is like @romero121, that will cause pain, and we can't get the money back. Hopefully, he can learn from his mistake this time and not do the same in the future.

[panjul07]

romero121 sad story is another example that shows that people should gamble only with cold head. I just cant realize how much money he had lost, if his bets increased from 3 bucks to 98. As I understand, romero121 bet 3,4,5,10,20,50 and up to 98. I suppose 98 dollar bet was all-in. He wrote that he has lost 2 month salary, he is from Croatia. Google say that an average salary there is about 1.5k. 3k bucks busted in minutes. That's sad.

Sorry to say but I will prefer to say that it is a stupid story instead of a sad story.
Gambling with the money that should be used for other important thing is a big mistake, no doubt about it.
Even worst the money was hardly earned within few months.
Lesson learned, do not spend hard earned money for gambling unless you have no other things to pay.

[Ahli38]

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.

well the OP should learn from this experience. and not too down on this loss. because out there there are many incidents similar to what the OP experienced.

learning from experience can bring success in the future.
correct the wrong steps and first solve the problem that is now being faced. namely the debt installments that must be paid. must be heavy. but if you live it patiently and keep working hard. then the results will not lie to the hard work.

[khaled0111]

Why not try stopping bet and I think every body will success stop with betting and I have try it, the same like you like betting with small fund from $3 until $20 each sport betting games. But after active on ever weekend football match I stop with betting and keep use my money for trading.

It's easier said than done! and some many gamblers can't control themselves and stop playing when they should especially when they start losing more and more hoping they will recover their losses. Some gamblers simply have gambling problems and this is why we hear these stories all the time.
The lesson here other than "never gamble what you can't afford to lose" is that even if you bet on small odds like what OP did, there is a high possibility you will lose all your money especially if you keep playing for a long time.

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.

I don't think we can say he lost only $3. He spent the money he borrowed then he lost the hard earned money he saved to repay the loan. In addition, now he has to pay higher interest for not repaying the loan in time.