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Author Topic: My worst day in gambling  (Read 2958 times)
Razmirraz
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September 27, 2022, 02:40:35 PM
 #121

Make your worst experience in gambling the most valuable lesson in your life. Nothing forbids you from gambling at a young age, the important thing is that the money used to gamble does not cause new problems later in life. When you profit from a bet you should be able to think more realistically or when you start losing in a few rounds you immediately stop to avoid a bigger loss.
This is human nature, when you make a profit you want to get more, but when you lose, you will continue to bet in the hope of getting back the money that has been spent. Remember, gambling should prioritize common sense, not lust.

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September 27, 2022, 03:57:23 PM
 #122

Usually gamble should be conducted by a certain amount of money that they can lose. But if someone forgets this basic idea and gambles with the hope of profit, then he can face a worst day any time. If one can do money management in gambling then good results can come to some extent. Naturally gambling depends entirely on luck so any kind of worst situation can be imposed on a gambler.


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September 27, 2022, 05:16:08 PM
 #123

Make your worst experience in gambling the most valuable lesson in your life. Nothing forbids you from gambling at a young age, the important thing is that the money used to gamble does not cause new problems later in life. When you profit from a bet you should be able to think more realistically or when you start losing in a few rounds you immediately stop to avoid a bigger loss.
This is human nature, when you make a profit you want to get more, but when you lose, you will continue to bet in the hope of getting back the money that has been spent. Remember, gambling should prioritize common sense, not lust.

Our worst experience will be our best teacher. For sure, you will not learn your lesson if you haven't been through that kind of situation but the good thing is, you survived and were able to face that experience bravely. We've all been through a bad day in gambling because not every day could be lucky for us. Some of us have been scammed while others used their borrowed funds and lost them and some gamblers also used the money that is intended to use for other things, all those things happen because of putting all our hope in gambling which for me is a wrong mindset. We should always keep in mind that gambling has a huge risk of losing everything we have.
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September 27, 2022, 06:16:00 PM
 #124

My worst gambling-related day was the day I lost about two months' salary in an hour. I played Martingale then and didn't calculate the initial bet, which led to the fact that after several consecutive losses I simply had no money left.

This situation allowed me to gain precious experience that will be with me for the rest of my life.

Generally agree with you and a few pages earlier I described a similar experience that happened to me.
But what does it mean not calculated the initial bet? Whatever initial bet you come up with, sooner or later it would turn out that your deposit would run out. Martingale always works like this.
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September 27, 2022, 06:44:35 PM
 #125

My worst gambling-related day was the day I lost about two months' salary in an hour. I played Martingale then and didn't calculate the initial bet, which led to the fact that after several consecutive losses I simply had no money left.

This situation allowed me to gain precious experience that will be with me for the rest of my life.

No any worst day in gambler's life than when he make some loss but not only an ordinary one bit a big and huge one whicg serve a blow on the face, now not even the loss that actually matters most but using the money not meant for you in your disposal to gamble big and loss everything, going back home will be the worst fierst condition to take a step going back home because nothing left to meet at home while the casino have enjoyed eating or taking away all the money away from you, one willl feel like giving the casino an attack to take back his money might even cause trouble at the casino hiuse just because of vexation but all comes to naught because what's gone cannot be recovered as at the moment, crying with great regret becomes inevitable for the gambler and taking a step back home becomes difficult as well  Grin

R


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September 27, 2022, 07:25:33 PM
 #126

Usually gamble should be conducted by a certain amount of money that they can lose. But if someone forgets this basic idea and gambles with the hope of profit, then he can face a worst day any time. If one can do money management in gambling then good results can come to some extent. Naturally gambling depends entirely on luck so any kind of worst situation can be imposed on a gambler.


novice gamblers just want to make a profit without knowing they are entering a dangerous area. They use the money they still need for other purposes and want to make a profit on the first try. This is indeed a bad start, because beginners like this will only deposit their money for the bookie and there will be no return. regarding financial management on gambling, of course, it must be done because there is an allocation of money for gambling and it must not exceed that allocation and that is a rule that must not be violated. luck will only come when they do not experience any burden and can still think that defeat will also come, they must be prepared.
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September 27, 2022, 07:27:06 PM
Last edit: September 29, 2022, 06:26:05 PM by Smartvirus
 #127

My worst gambling-related day was the day I lost about two months' salary in an hour. I played Martingale then and didn't calculate the initial bet, which led to the fact that after several consecutive losses I simply had no money left.

This situation allowed me to gain precious experience that will be with me for the rest of my life.
If you actually learned from ot then, the lose has profited you in some way. In a way that you know when to draw the line and be sure to keep to it. You try not to compromise and you would be good otherwise, it won't be your last time loosing a 2 month salary in an hour, now that's painful you know. A hard earned 2 months and worst if you've got family that are hoping on that money.

Gambling can be really tricky and that's why it's best played by matured minds and not just adults by age. Too bad the online restriction relies on you just clicking I'm over 18 and we can't place a line on maturity/discipline.

R


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September 27, 2022, 07:35:26 PM
 #128

Usually gamble should be conducted by a certain amount of money that they can lose. But if someone forgets this basic idea and gambles with the hope of profit, then he can face a worst day any time. If one can do money management in gambling then good results can come to some extent. Naturally gambling depends entirely on luck so any kind of worst situation can be imposed on a gambler.

You are right, that the basic rules of gamblers determine the minimum amount of money to use in gambling so that we are not burdened with thoughts even the psychological effects of losing from gambling, another rule we only enjoy gambling for entertainment and do not collect high profits. I think the OP should consider not using school fees to gamble and he's still a teenager better focus on education, it's not advisable to approach the gambling environment area although I don't know about your state's regulations for age restrictions of gamblers.

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September 27, 2022, 07:42:08 PM
 #129

No doubt, the worst day in the life of a gambler is when he is losing, and the bigger his losses are the more difficult he takes it. For me losing my $2000 bank roll was the worst day of my gambling life. But analyzing it also helped me realize that I had made a few mistakes and my biggest mistake (total action) cost me 50% of my bankroll on that day. So, if you are going to play or attempt to beat the casinos, make sure you are disciplined and do not increase your bet when you are chasing your losses. That's the most costly mistake I made with my bankroll.

R


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September 27, 2022, 08:26:45 PM
 #130

I believe everybody has their worst day in gambling especially if you started gambling early maybe in your teenage age. My worst day was when I used my school fees to gamble because I thought I will make more money to take care of some of my needs in school. At the beginning I was making profit for 2hrs,I was carried away with the anxiety of winning but later the game turned round and I was losing and losing,I didn't quit hoping I will recover my lost. Before I knew it I was left with 10% of the money I started with, I couldn't just quit the game then because I still feel I will start winning again but luck failed me and I got drained of all I have on me.

    Two weeks later it was announced in school that we only had one more week left for closure of school fees payment, I tried borrowing, seek for help everywhere but nobody could help me with the money.  This was how I couldn't pay my fee for that semester and went home with carry overs after the end of the semester as I was not allowed to write some exams.

  How about you do you had a worst day on gambling  that you will never forget ?Did it affect an aspect of your life and how ?
   

I don't honestly have a worst day in gambling, just a few rather mediocre level losses that probably burned me for a while and actually did well to discourage me from gambling away any higher amounts. When I hit the $50-100 losses in a day, that is enough for me to bail out and probably choose a different activity for a long while. It's happened in a couple poker sessions over the years, it's happened when switching from football betting into horse betting and not understanding that the chances of winning are calculated completely differently. Guess I've been fairly fortunate but also never had a desire to gamble at any higher levels because the risk is not worth the reward to me.

R


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September 27, 2022, 08:31:34 PM
 #131

I believe everybody has their worst day in gambling especially if you started gambling early maybe in your teenage age. My worst day was when I used my school fees to gamble because I thought I will make more money to take care of some of my needs in school. At the beginning I was making profit for 2hrs,I was carried away with the anxiety of winning but later the game turned round and I was losing and losing,I didn't quit hoping I will recover my lost. Before I knew it I was left with 10% of the money I started with, I couldn't just quit the game then because I still feel I will start winning again but luck failed me and I got drained of all I have on me.

    Two weeks later it was announced in school that we only had one more week left for closure of school fees payment, I tried borrowing, seek for help everywhere but nobody could help me with the money.  This was how I couldn't pay my fee for that semester and went home with carry overs after the end of the semester as I was not allowed to write some exams.

  How about you do you had a worst day on gambling  that you will never forget ?Did it affect an aspect of your life and how ?
   

I don't honestly have a worst day in gambling, just a few rather mediocre level losses that probably burned me for a while and actually did well to discourage me from gambling away any higher amounts. When I hit the $50-100 losses in a day, that is enough for me to bail out and probably choose a different activity for a long while. It's happened in a couple poker sessions over the years, it's happened when switching from football betting into horse betting and not understanding that the chances of winning are calculated completely differently. Guess I've been fairly fortunate but also never had a desire to gamble at any higher levels because the risk is not worth the reward to me.
Same here, you wont really be ending up having the worst if the money you had burned or loss overall is something that you had prepared for it to loss on that particular session which is something that really needs to have in someones mind whenever they do play gambling in the first place on which if you do have accepted your fate and dont expect something in terms of profits then you wouldnt really make yourself to be that
impulsive and instead you would really completely stop once you do deplete out all of your balance.Worst day would really be happening if you are really thriving or doing your best to make profits as much as you could.
Well, in gambling then it would really be that a very common behavior since we do really love to make profits but we know that gambling is something high risky thing to be dealing off with.

R


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September 27, 2022, 08:35:16 PM
 #132

My worst gambling-related day was the day I lost about two months' salary in an hour. I played Martingale then and didn't calculate the initial bet, which led to the fact that after several consecutive losses I simply had no money left.

This situation allowed me to gain precious experience that will be with me for the rest of my life.
That would have been an exhausting day I guess? It's not really a safe strategy, it just eats up money and once triggered most people will leave  nothing else on their own money dashboards. Should be an expensive lesson you get there but I think it's worth because right now you're more conscious when it comes to gambling.
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September 28, 2022, 03:31:32 AM
 #133

I believe everybody has their worst day in gambling especially if you started gambling early maybe in your teenage age. My worst day was when I used my school fees to gamble because I thought I will make more money to take care of some of my needs in school.
You gambled with your future and that was extremely unacceptable. But I understand; youthful exuberance. I would never have gambled with my school fees because as a student my academics was my topmost priority.

Anyway, I gambled once with my entire daily wage and I really regretted my action because I lost. This experience is a memorable one because they job I did to earn that money was risky and very tedious. I had to work under the rain just to earn a little cash. In the process of doing the job, a man came and convinced my supervisor and me that he had some pool numbers that were sure bets. After much delibration, my superior tipped him and he gave us the numbers. After receiving my pay I rushed to the gambling house. The most painful part of it was that none of the numbers played.

R


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September 28, 2022, 04:50:10 AM
 #134

Usually gamble should be conducted by a certain amount of money that they can lose. But if someone forgets this basic idea and gambles with the hope of profit, then he can face a worst day any time. If one can do money management in gambling then good results can come to some extent. Naturally gambling depends entirely on luck so any kind of worst situation can be imposed on a gambler.


Most people forget about it especially when they are on the momentum where the game is intense and they will more likely ignore the fact about that simple rule and regret it later. It's really hard to regret especially when you realized you cannot get back what you've lost that easily. Later on, more regret will come when you are in need of that money you've just lost. So it's really better to assume that you need to prevent yourself from doing those things than to think about the remedy later because sometimes it doesn't exist.

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September 28, 2022, 06:01:18 AM
 #135

Usually gamble should be conducted by a certain amount of money that they can lose. But if someone forgets this basic idea and gambles with the hope of profit, then he can face a worst day any time. If one can do money management in gambling then good results can come to some extent. Naturally gambling depends entirely on luck so any kind of worst situation can be imposed on a gambler.


Most people forget about it especially when they are on the momentum where the game is intense and they will more likely ignore the fact about that simple rule and regret it later. It's really hard to regret especially when you realized you cannot get back what you've lost that easily. Later on, more regret will come when you are in need of that money you've just lost. So it's really better to assume that you need to prevent yourself from doing those things than to think about the remedy later because sometimes it doesn't exist.
It was natural that they would forget about it because of the fun factor they had already gotten. But that won't apply to people who enforce strict rules for themselves to keep from losing too much. Playing gambling with money management within a certain limit is highly recommended for every gambler, whether a new or old gambler, so they can avoid losing a lot of money in gambling. We already know that gambling will depend on luck that will come to us so by considering that luck factor, we try not to expect too much to get a lot of wins. Later there will be time for us to get that many wins so we should enjoy the gambling game while limiting ourselves so we don't lose a lot of money.

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September 28, 2022, 06:25:16 AM
 #136

How about you do you had a worst day on gambling  that you will never forget ?Did it affect an aspect of your life and how ?

My worst experience in gambling happened on my college days. I was new to crypto that time and looking for some source of income that can provide financial assistance to my studies. I stumbled to a sportsbetting website and checked how it work. A money line bet got my interest because the mechanics of the game are very simple, you just need to predict what team or player that is going to win the match, usually the team with lower odds is likely to win the game. I asked my friend who also knows bitcoin to send some to me and I will pay him in cash when we see each other. I can't remember how much exactly is the value he send to me that time but it was 0.002 btc and I managed to make it 0.01 just by betting on lower odd teams. I was very happy that I can't contol myself out of excitemement. On the last game I put a bet on, I went all-in thinking that if I will win, it would give me profit half of my current capital. But after few minutes and I haven't receive any amount, I look at the bet history and found out that I lose the game. It was evening that time and I wasn't able to sleep until morning. I always keep thinking about it for few days and regret what happened.
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September 28, 2022, 07:36:45 AM
 #137

My worst experience in gambling happened on my college days. I was new to crypto that time and looking for some source of income that can provide financial assistance to my studies. I stumbled to a sportsbetting website and checked how it work. A money line bet got my interest because the mechanics of the game are very simple, you just need to predict what team or player that is going to win the match, usually the team with lower odds is likely to win the game. I asked my friend who also knows bitcoin to send some to me and I will pay him in cash when we see each other. I can't remember how much exactly is the value he send to me that time but it was 0.002 btc and I managed to make it 0.01 just by betting on lower odd teams. I was very happy that I can't contol myself out of excitemement. On the last game I put a bet on, I went all-in thinking that if I will win, it would give me profit half of my current capital. But after few minutes and I haven't receive any amount, I look at the bet history and found out that I lose the game. It was evening that time and I wasn't able to sleep until morning. I always keep thinking about it for few days and regret what happened.

Playing all-in always leads to the same result, no matter if it's gambling or trading... I don't know if it's fair to say that I had the worst gambling day, because I always played for small money and even though I don't like lose, but I can't say that it became a tragedy for me. Probably when I lost my entire deposite, I also could not sleep for a long time, but it was a good lesson for me, playing all-in always = loss of money.

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September 28, 2022, 07:41:27 AM
 #138

Even when i win at gambling i know how to stop myself. I would never gamble any money i need. Maybe i can't make a lot of money because i don't take risks. But i know myself. If i gamble with the money i need and win, i will continue to gamble. I know very well that if you don't set your stopping point you will hand over your earnings to the table. I'm constantly thinking about possibilities. For this reason, i did not make much money in gambling but i did not lose money that i would regret. The reason for this was the player cards gambling that i played with my friend at a young age. You know player cards were famous in childhood. I gambled with my friend to collect more cards and i lost all the cards i had. I had no financial loss but it was a great lesson for me.

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September 28, 2022, 12:04:37 PM
 #139

I remember how I have lost my collection of Turbo chewing gum inserts in obviously loosing bet. I cant remember exactly what were the rules and story behind, but all that I remember was me bluffing and to look cool among kids, I have accepted bet. And I was sky to say no, did not want to lose gained that day reputation Cheesy Even though now I remember that case with a smile on my face, but that day I though my life has stopped, as I was collecting and gambling to build my collection during a year or more.

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September 28, 2022, 01:38:03 PM
 #140

I remember how I have lost my collection of Turbo chewing gum inserts in obviously loosing bet. I cant remember exactly what were the rules and story behind, but all that I remember was me bluffing and to look cool among kids, I have accepted bet. And I was sky to say no, did not want to lose gained that day reputation Cheesy Even though now I remember that case with a smile on my face, but that day I though my life has stopped, as I was collecting and gambling to build my collection during a year or more.

sometimes our intuition points us the correct direction but our brains end up being stubborn and don't listen to it
quite a difficult thing to master.

this story also reminds me that sometimes when we lose, we win
so maybe you could learn something out of the situation

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