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Author Topic: Go home with a profit and come back to end up losing a lot.  (Read 316 times)
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September 24, 2022, 03:19:18 AM
 #1

A friend of mine works in a casino (land-based) and he told me yesterday that there was a client who with a stroke of luck won a good amount, about $8k. He exchanged the chips for cash and went home. After about half an hour, my friend sees him walk back in the door and went on a gambling binge all the night, only to end up losing his winnings and more.

At the end of the session he signed the self-exclusion.

If it weren't for the fact that this person is going through a drama, the story would make you want to laugh.

Has this ever happened to you or do you know of cases like this?

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September 24, 2022, 03:59:08 AM
 #2

This woman lost in gambling more than the amount won from the jackpot https://www.mirror.co.uk/news/uk-news/lotto-winner-admits-gambling-addiction-24952273,
indeed the defeat she suffered was not overnight like the person told by your friend.
The winning she got from the jackpot actually made her can't to control herself to continue gambling and start using bigger money than she used to play.
I personally have never experienced this still able to control myself, it's just that I lost all the gambling results that were saved in an online wallet because the wallet was hacked, I think the pain is the same as experiencing a loss from gambling

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September 24, 2022, 04:30:14 AM
 #3

I can already tell this is going to be a thread about very tragic stories, unfortunately.
The closest cases I have seen personally are of those people that used to play bingo at the neighborhood of my grandmother, it was a daily event where people used to gather at dusk to play. In order to attract more people, some cash rewards were set for the winner of the night, those severely addicted to the bingo ended up losing it all the same night or the next one by paying for large numbers of cards to have a higher chance to win again, most of the time they ended up losing the money gotten from the initial strike of luck.

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September 24, 2022, 04:35:32 AM
 #4

In the past i used to work for a casino and i remember a player who win more than 30 btc on his first bet. I'm talking about the old times when bitcoin was under $1000, but still a huge win. That player was a high roller and he had the chance to walk away with his profit but he stay on the site gambling for 8 hours and ending with a lost of 40btc. And this happens when people do emotional gambling and not smart gambling. The fact that you win big ones doesn't meant that you will keep winning.


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September 24, 2022, 04:37:16 AM
 #5

I haven't experienced winning $8,000 in a single day. I do experience betting with a budget limit of $2,000 per day and after several months of playing, I stopped it. I was losing thousands of dollars so I realized that I needed a vacation and to stay out of gambling for a while. I am still betting up to this day but with very small limits.

If I were that person in OP's story, I would've called it a day and then come back the other day but of course with a betting limit. It is greed versus discipline. And sometimes, we only realized when the damage has been done.  

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September 24, 2022, 06:47:59 AM
 #6

At the end of the session he signed the self-exclusion.

Didn't know something like this existed and I guess not all countries offers this type of program.

How long does it lasts though? And is there a payment when you enroll on a self-exclusion program?


Has this ever happened to you or do you know of cases like this?

I think everyone goes through that experience. Controlling our emotion is really hard especially when there's money involved to it. When we win, we tend to gamble more thinking that our luck will still continue and will be able to earn more profit. But when we lose, we can't just accept it easily that we come back trying to recover the money that we lose.
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September 24, 2022, 06:56:24 AM
 #7

When this happens in a casino it becomes a laughable incident. When it happens online none knows, and it creates loud cry within them. I've experienced it many times, most of the time I spend little by little and make a small wager. My ultimate was to have winning momentum till the weekend, but this never happens with me. Most of the time I end up empty wallet by Friday or Saturday. This week this has happened too earlier during Monday.
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September 24, 2022, 07:03:37 AM
 #8

A friend of mine works in a casino (land-based) and he told me yesterday that there was a client who with a stroke of luck won a good amount, about $8k. He exchanged the chips for cash and went home. After about half an hour, my friend sees him walk back in the door and went on a gambling binge all the night, only to end up losing his winnings and more.

At the end of the session he signed the self-exclusion.

If it weren't for the fact that this person is going through a drama, the story would make you want to laugh.

Has this ever happened to you or do you know of cases like this?

It is the adrenaline you get when you win big,the excitement of achieving such a milestone,it does not let you rest,your mind is super active and you hear "voices" in your head to go back to the casino and win more,it is a natural thing which cannot be contained.That is why gambling is dangerous even when you win because we all know how bad we feel when we lose money.

I can relate to this story when I used to go gambling at 2 AM at night at my favorite land line casino,I was amazed by the slots there,I won the jackpot once 4500 USD,I got home but next day I got back and lost everything and even more money,it was my last time playing in a land line casino.

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September 24, 2022, 07:09:42 AM
 #9

A friend of mine works in a casino (land-based) and he told me yesterday that there was a client who with a stroke of luck won a good amount, about $8k. He exchanged the chips for cash and went home. After about half an hour, my friend sees him walk back in the door and went on a gambling binge all the night, only to end up losing his winnings and more.

At the end of the session he signed the self-exclusion.

If it weren't for the fact that this person is going through a drama, the story would make you want to laugh.

Has this ever happened to you or do you know of cases like this?
Not the "signed the self-exclusion" in the end though. But I know a taxi driver, who win big in our country, like $2k or more. So that's enough for him to put food in the table for his family and maybe not work as a cab driver for weeks. But he chooses to go back and you know what's going to happen to those who wanted to stretch their luck. So he lost everything and now back to being a driver, ouch.

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September 24, 2022, 07:13:25 AM
 #10

Lol, this has happened to me several times already. But I had a good run though, it's like 3 successive days that I'm winning so I keep coming back. But in the 4th day, it wasn't like the other days. I ended up losing all my previous days winning and then some of my capital. Was so mad, but that's gambling, I have to take some days off or even a month if I can remember. It took me a long time just to get over incident as a gambler.  Smiley

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September 24, 2022, 07:27:41 AM
 #11

A friend of mine works in a casino (land-based) and he told me yesterday that there was a client who with a stroke of luck won a good amount, about $8k. He exchanged the chips for cash and went home. After about half an hour, my friend sees him walk back in the door and went on a gambling binge all the night, only to end up losing his winnings and more.

At the end of the session he signed the self-exclusion.

If it weren't for the fact that this person is going through a drama, the story would make you want to laugh.

Has this ever happened to you or do you know of cases like this?

This happens when people wins big in gambling, they will think that they have mastered the method or the game that gave them the huge winning. They will continue to try that same strategy not knowing that it will not play out immediately.

When anyone wins big, there should be a high degree of discipline to guide oneself. For instance if you play 10% of your income and eventually wins big, you can increase to 15 or 20% because of the big winning. When the allocated percentage finishes, you rest and go hime.

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September 24, 2022, 07:41:38 AM
 #12

A friend of mine works in a casino (land-based) and he told me yesterday that there was a client who with a stroke of luck won a good amount, about $8k. He exchanged the chips for cash and went home. After about half an hour, my friend sees him walk back in the door and went on a gambling binge all the night, only to end up losing his winnings and more.

At the end of the session he signed the self-exclusion.

If it weren't for the fact that this person is going through a drama, the story would make you want to laugh.

Has this ever happened to you or do you know of cases like this?
Pretty good example of gamblers who can't satisfy themselves and also being attacked by their own greed. We can't deny that there are many gamblers on a real casino who overspend their time playing and ended losing it all. We know that the more we spend our time on a casino is the more chance that casino will make money from us. I've experienced the same thing when I was still a gambling addict before and honestly it's hard to resist the urge to overspend my time and keep playing again knowing that the luck is on my side. Having a good gambler mindset or putting your own up could reduce the chance of this happening.
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September 24, 2022, 07:48:13 AM
 #13

Has this ever happened to you or do you know of cases like this?
Yes, countless number if time. But not about land based casino winning and online casino losing together. No land based casino in my area, only betting agents for sport matches are in my area, but I still just prefer the use of phone or computer to gamble.

The problem I had before was that I was an addict, I prefer to use almost all my won amount to gamble at once, this made it possible for me to lose often and often.

I prefer going on low odds, like home team or away team (not both teams to score) score in first half not to be up to 3 goals. I failed. Later I prefer going for in-play and failed too.

For the home or away team first half score to be less than 3, I can win from Monday to Friday a very huge amount, but I noticed I always lose the whole money on either Saturday or Sunday.

For in-play, I noticed I may win all through the day, but losing exactly at night when it remain just few matches to the end of the day which are mostly clubs in countries in Brazil, Argentina, Mexico and those other clubs that play late in the night like 11pm GMT +1 to early in the morning like to around 2 or 3am. I will start the day good, but lose just before going to bed. I gambled almost all the time in the past.

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September 24, 2022, 07:49:55 AM
 #14

A friend of mine works in a casino (land-based) and he told me yesterday that there was a client who with a stroke of luck won a good amount, about $8k. He exchanged the chips for cash and went home. After about half an hour, my friend sees him walk back in the door and went on a gambling binge all the night, only to end up losing his winnings and more.

At the end of the session he signed the self-exclusion.

If it weren't for the fact that this person is going through a drama, the story would make you want to laugh.

Has this ever happened to you or do you know of cases like this?

It is tragic but this is a major reason for things like welcome bonuses in live casinos. They'll offer to register for a membership card on your first arrival and in return you might get certain freebies - like $25 free play. The hardest part for most casinos is "developing" a new player, the fact they've got someone through the door is a major win and they want to convert that person into a regular - or at least until they can clear out their bank account. Many people are creatures of habit, if they get a few wins under their belt - seeing all the flashing lights and loud noises celebrating a win, that will trigger happy emotions. Then, in the back of their mind, little seeds start getting planted where they store the happy wins but conveniently forget the many tiny losses that outweigh them.

R


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September 24, 2022, 07:52:22 AM
 #15

When you win big at a casino, it's as if you are on a high. Your mind goes like: Maybe Lady Luck is on my side. Maybe today that one big win will change my life!

Casinos are designed to entice people to gamble. They are meant to make you feel like a winner even if you aren't, and for many people this works. The more fun you have gambling, the more you'll want to gamble, which means that casinos live off of excitement. But if you keep at it long enough, you'll probably lose all your hard-earned money.

The best thing you can do if you win a large sum of money at a casino is to leave as soon as possible. The more time that passes, the greater your odds are of losing everything you won and then some.

R


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September 24, 2022, 07:54:48 AM
 #16


Has this ever happened to you or do you know of cases like this?
This is a typical example of irresponsible gambling. I wouldn't judge the man gambler though because of you are a real gambler, you would either have done this or have fought the urge to do it after a big win. From personal experience, I once put back the money I won for another bet. Even though it was little, I was pained because I didn't even get back a fraction of what I had won previously.

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EarnOnVictor
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September 24, 2022, 08:18:19 AM
 #17

Your story is not an uncommon one and still narrows down to a lack of self-discipline/plan. No matter how you are lucky in a day or know how to gamble, you have to have good plans and be disciplined with them. The psychology of gamblers matters to the gambling itself, which will help in avoiding over-gambling and addiction.

In this case you narrated, your friend's psychology is bad towards gambling, and this made him display irresponsible behaviour.

Gamblers should know the amount of money they would gamble with on a daily, weekly and monthly basis, and they should not renege from such no matter how lucky or unlucky they are for that duration. Else, anything could happen whether good or bad.

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September 24, 2022, 08:37:02 AM
 #18

A friend of mine works in a casino (land-based) and he told me yesterday that there was a client who with a stroke of luck won a good amount, about $8k. He exchanged the chips for cash and went home. After about half an hour, my friend sees him walk back in the door and went on a gambling binge all the night, only to end up losing his winnings and more.

At the end of the session he signed the self-exclusion.

If it weren't for the fact that this person is going through a drama, the story would make you want to laugh.

Has this ever happened to you or do you know of cases like this?

Yes, I have had such situations in my life.  It's a gambling addiction. 

If a person has formed a gambling addiction, then he performs inadequate actions.  Gambling addiction does not allow a person to make rational actions.  The player develops magical thinking.  He thinks something like this - today I won 8,000 dollars, which means that today is my lucky day and I need to keep playing to win 80,000 dollars.  Such a statement completely contradicts the mathematical theory of probability.  Nevertheless, for a player with a formed gambling addiction, the same actions seem adequate. 

Moreover, even after losing, the player will continue to perform inappropriate actions, for example, he will try to win back.

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September 24, 2022, 08:38:13 AM
 #19

Yes, a few times but at online casino actually I'm sure the guy you're talking about have a doubts when playing again, because I'm also same that too. When you win and come back it's a bad thing, because you can't fight yourself. But I impressed that the guy you're talking about immediately signs a self-exclusion, because normally otherwise he would become an addict.

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September 24, 2022, 09:01:14 AM
 #20

Has this ever happened to you or do you know of cases like this?
yep, in the past, I experienced it both in an online and land-based casino, though not as much as the guy you were talking about. basically, what I felt after winning what I think is a sizable amount of money and going home or logging out is that I felt the urge that it was my lucky day and I could probably win more or double what I got and if lose I would stop when I lose all my winnings, but the "I would stop after I lose all my winning" never came, I always tried to win back what I lost and eventually lost my winnings and a lot more and then I end up regretting what I did and thinking what if I just stopped when I won and called it a day.

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