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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, 01:35:46 PM
 #41

I guess it has something to with the human instinct of not getting enough and believing that we should strike while the iron is hot and the fear of missing out, if you have not experienced all of these you are always tempted to continue, this is how we got rekt,
striking while the iron is hot and chasing our loss, gambling is a roller coaster ride if you are not matured and experienced gambler you will be taken for a ride where you will lose control of yourself and your action.
Those who already experience deep lost in gambling and find realization when they already win will save some as profit. It's hard to determine when winning streak will happen again so if there is a chance to win better already save some maybe the capital or 2x of the capital. When we became too greedy at the end we will just lost and those who already have experienced too much in gambling knows how to at least secure some of their winnings before it’s gone again.

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September 24, 2022, 01:39:01 PM
 #42

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?

A good story to be seen by many people who think that they can struck a huge win for second time around and actually for sure many gamblers experience that. Since for sure we became more greedy to accumulate more especially if we think we are so lucky today then came back to test our luck for another round.

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September 24, 2022, 02:04:08 PM
 #43

I guess the story can be related to the thread that was posted here which is When betting becomes to high. Some people often gamble a lot when they are chasing their loses however it is not always the case. Some people also gamble more than they usually gamble on when they are feeling extremely lucky and want to bet more to maximize profit.

Just as the story you've provided, the gambler bet more than his winnings as he felt extremely lucky at the time. I think this is a common scenario for most gamblers as I, myself experience this. I was on a winning streak during one of my dice gambling session and tried to bet more and more but instead of earning more, I end up losing all my bankroll including my previous winnings.

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September 24, 2022, 02:27:34 PM
 #44

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.
It seems that we have the same neighboorhood , just kidding. Yeah we all have that kind of story I also have one, that is my uncle. My uncle learns a new way to earn and as for him he discover an online gambling app that will pay him $1 up to $10 I think, he earns small amount but he keeps on playing and he did not  think that he is spending way too much than his earning.
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September 24, 2022, 02:39:09 PM
 #45

This has often happened because indeed when gambling everything is difficult to predict because considering this is risking luck and obviously luck is not obtained every time.
This will be quite a regret for him but with this result he should be able to learn to control himself because in this case it is clear that if he could control himself things like this might be a different story.

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September 24, 2022, 02:39:58 PM
 #46

Greedy is the very fit word about this story, this is why gamblers need a good self control in order to avoid this problem.

Before I gamble I already know I would lose my money instead of getting profit, but when I get huge profit in a day, I wouldn't gamble more or put higher bet because I will keep limit of my gambling activity. So, I can gamble for few days or weeks again instead of losing it all in one day. My aim is to get fun and not for money, I wouldn't stress when I'm losing since that's the risk.

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September 24, 2022, 03:36:17 PM
Merited by The Sceptical Chymist (3)
 #47

That is the spirit behind gambling and if not controlled properly it might leads to getting another funds to bet.
Lemme explain about myself a bit, that is, my experience few days ago. I place a bet with 1k worth my currency at a time a spirit in me asked me to cashout. I place a bet to win 362k my currency at some time the game began to play out of 15 matches 7 already entered correctly and I was given an option to cashout NGN22.5k but I was thinking it will correctly entered as predicted. On the 8 match it when against my prediction and I lost everything both my cashout I couldn't able to get again.

In me something told I have applied greed why don't I cashout with just precious amount given to me.

Now in scenario of your friend he thought he could win something big than what he did so no doubt he also applied same mindset with me, to hit another money.

Sorry for him
My word for him, next if such happens he should stay away from site for 48hrs for his senses to normalize. At the point of hit high he's senses would always tells him to gamble more and if not properly controlled he might end up losing more. So you win you stay clear for at least 24hrs to 48hrs.

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September 24, 2022, 03:51:50 PM
 #48

That is what most gamblers would do, I think, especially if they won big early on the night. They would go back and gamble more because they did not have their fill and would like to win more until they lost the big winnings. What is bad is if they lost it and they still try to win it back that will lead to too much more losses.

I have not done it though. Whenever I win big early, I would just keep that win and enjoy it with my family or friends. I think that it would be a waste if I throw it away by gambling again. I can always go back and gamble again some other day but I there are very few moments that I win big, so I better enjoy it.
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September 24, 2022, 04:02:27 PM
 #49

I have not been in a situation that after winning I went back to the casino the same day since I know that in such a situation it is very important not to give vent to emotions, so it is very important to stay away from the casino for 1-2 days after winning. This time is enough time for the emotional background is balanced and you could make informed decisions again. 

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September 24, 2022, 04:45:03 PM
 #50

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?

I think that everyone who is familiar with gambling knows such cases. This one is ridiculous only because here between "I'll take the winnings" and "I will continue to play" only half an hour passed and it was an offline casino. I knew one gambler who won a car (there was some kind of promotion in the offline casino and he turned out to be lucky) - he did not sell it (he already had his own car) and explained this by saying that if he sells it, he will lose in the casino all the money.
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September 24, 2022, 04:51:29 PM
 #51

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.

It is a common situation happens almost every single day in this gambling industry.
When people cant control themselves, it will always happen.

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

Without a doubt it happened to me several times, for sure it was a bad experience due to my own bad self-control.
Now I prefer to stop for a while (days/weeks) after a decent win instead of coming back in the same day.

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September 24, 2022, 05:10:12 PM
 #52

few people accept the harsh reality that gambling is not a guaranteed profit, gambling is not the kind of thing that one will make a consistent profit from, on the contrary at the end of the day one will end up with losses, even if one has a big sequence of victories and even stop playing for a while on the day you come back the person will start to lose money to the point of losing more than you won, for this reason I advise people to look at gambling as fun, look at gambling just for fun. Don't be fooled that they will win a lot, they will keep winning and winning, on the contrary, they will continue to lose a lot and a lot. I personally lost a lot in the past until I changed and got it into my head that I only play for fun, I only put in little money and play little per day, because I only do sports bets

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September 24, 2022, 07:21:54 PM
 #53

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?
I think that's greedines, when you are not satisfied with what you are having, that's kind of funny maybe the was was thinking if he gamble with the $8k he can make like $16k, he was feeling himself, maybe he thinks he is a professional gambler, I don't believe you winning gambling makes you a professional gambler, the people I call professional gamblers are the people that always caution there self when gambling, even when they are winning they always know when to stop and whenever they are losing they always know when to stop, they don't wait till they lose all their money before they stop, those are the people I call professional gamblers, you winning a gamble those not make you professional because when it comes to gambling you won't continue to win always, you will definitely lose but the best thing is for you to know when to stop. I have seen lots of people selling their properties just because they want gamble, they believe they will double their money if they win but at the end they always end up losing.

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September 24, 2022, 07:45:19 PM
 #54

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.

It is a common situation happens almost every single day in this gambling industry.
When people cant control themselves, it will always happen.

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

Without a doubt it happened to me several times, for sure it was a bad experience due to my own bad self-control.
Now I prefer to stop for a while (days/weeks) after a decent win instead of coming back in the same day.


at least enjoy your winnings for days, rather than getting happy and depressed the same day, right? but for sure, we all have that kind of moment. if you are a regular player, high likely that you experience such situation more often. lol but this is not new in the gambling industry. at the end of the day, you need to decide for yourself what you really want in life. this is why even your family can't stop you if you want to play because it is your prerogative to do so. but remember, you need to bear the consequences of your actions.

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September 24, 2022, 07:54:46 PM
 #55

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 case is common because there were plenty of gamblers who come back after winning a lot. This usually happens because of greed and they disregard their losses thinking that they can win the same profit again. If that person didn't go back and just enjoyed the 8K, I think that will be used for his treatment. He should have been wiser and kept in mind that not everyone could be as lucky as him.
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September 24, 2022, 07:59:38 PM
 #56

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.
You will see many cases like this if you are working in a casino or you could even watch high rollers in online casinos where they keep on winning for a while and then end up loosing big if they keep on continuing with the obsession.

There was a time i used to take screenshots of stupid rolls like waging 80BTC for 1.02 odds and end up loosing last year if i believe correctly in Stake, so these sort of obsessions are a common theme and finally end up loosing more Grin.
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September 24, 2022, 08:05:58 PM
 #57

I guess it has something to with the human instinct of not getting enough and believing that we should strike while the iron is hot and the fear of missing out, if you have not experienced all of these you are always tempted to continue, this is how we got rekt,
striking while the iron is hot and chasing our loss, gambling is a roller coaster ride if you are not matured and experienced gambler you will be taken for a ride where you will lose control of yourself and your action.
Those who already experience deep lost in gambling and find realization when they already win will save some as profit. It's hard to determine when winning streak will happen again so if there is a chance to win better already save some maybe the capital or 2x of the capital. When we became too greedy at the end we will just lost and those who already have experienced too much in gambling knows how to at least secure some of their winnings before it’s gone again.
Gambling is never easy and every gamblers should get ready to lose because that is what makes us a real gamblers, having the ability and ready to lose and come back to make better winnings. I have seen some gamblers that bet with there last fund something bigger than what they could ever afford and loses the fund having the urge not to gamble again because of the loses.
We need to get it straight 5o our head that no matter the loses we have in gambling, we should never relent and always aim high and prepare to work on our strategy to bet more and win more.

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September 24, 2022, 08:20:02 PM
 #58

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.
This is a scenario where every gamblers can relate. It happen to me a lot of times but not in a real life casino where I won and withdraw all and then later on I redeposit small amount first thinking that this is my lucky day as I already won earlier but my first deposit just lose and then it lead me to continue depositing till I lose my previous winnings together with my own money.

This left me with the words that gambling is really effective to manipulate us. They will only bait us to win first so that we will keep on coming back. It's like they know that they can always recover the money that they gave to their players and they can earn more than that.

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September 24, 2022, 08:30:44 PM
 #59

I know cases like that. My friend went to a casino and I was just sitting there with him watching his games and drinking. At first he doubled his starting money at which point I told him to leave because for me it was a round sum exactly twice what he came in with and he didn't want to. He said he's on a streak and you don't leave when that hits, so I stayed there for another hour and watched him go to 0 at which point we had an argument because I told him to go home and he wanted to go to the ATM. Things like that happen every day.

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September 24, 2022, 09:07:23 PM
 #60

This case is common because there were plenty of gamblers who come back after winning a lot. This usually happens because of greed and they disregard their losses thinking that they can win the same profit again. If that person didn't go back and just enjoyed the 8K, I think that will be used for his treatment. He should have been wiser and kept in mind that not everyone could be as lucky as him.
Yeah, not anymore a new story where a gambler wins a lot and still lose all of those because of not securing himself from that profit and goes back with everything that he has gained. Greed truly is the main factor on this happening because a gambler that's not contented with the gain he made for the day, he's not going to stop until he losses everything. It's better that you've lost all of that money into something that you've gained possession or used that for buying things and you get that material things on your hand.

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