Some of my big losses (Gamble Responsibly)

[MiliMil]

Hi Guys,

A few weeks ago I posted my $417,000 win from a $300 bet (https://bitcointalk.org/index.php?topic=5441169.0).

Since then I have received multiple private messages from people who are offering me money in exchange for betting tips and advice.

I am making this thread to address the above matter plus the issue of responsible gambling.

Firstly, I will NEVER ask for or accept money or payments from anyone on this forum. There is enough information, statistics and knowledge for free online that you should never pay for these services. Anybody who tries to sell you "tips" or "picks" is most likely a scammer who is only interested in taking your money. Do your own research/analysis online for free it really isn't hard at all.

Secondly, the amount of private messages from people I have received is crazy. There is nothing guaranteed in gambling and you can quickly put yourself in a financial predicament by trying to win large amounts of money fast. The most important things to remember when betting is to gamble responsibly and only bet what you can afford to lose. This amount is different for other people and if you are not betting within your means you are heading for disaster.

I feel like people only post their winnings and not their losses so I decided to show you the reality of sports betting below.

The first photo is of a $646,000 bet that I lost by one leg. I took Stan Wawrinka (clay-court specialist) to win 2-0 against Sumit Nagal who isn't a good player and has never been ranked higher than 120. Wawrinka lost the first set and then ended up winning the next two sets
6-0, 6-1.

The next photo is a $1195 bet to win $1M. I won all the hard games but lost because of four matches that were paying $1.09, $1.15, $1.20 and $1.22. These are matches I thought were "guaranteed" and all lost in close games they should have won.

The last photo is a $20,000 bet I did on MLB to win $52,000. I thought it was going to be an easy win until the San Diego Padres got a bad call by the umpire and they ended up losing a match they should have won and I lost my $20,000.

These examples should show you how hard it is to win big amounts and I hope everyone who reads it understands nothing is guaranteed when it comes to gambling. Luck plays a HUGE part in gambling and the weather, the referees or an unforeseen scenario can be the difference between winning or losing.


Please only gamble what you can afford to lose and if you don't have discipline or control you shouldn't be gambling. I can't stress that enough.


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[robelneo]

You did right posting your losses, there were many threads about gamblers winning and these temp people that its possible to win big amounts of money, by showing them your results you just show the true picture of how gamblers have their highs and lows in their bets, those who earlier post their winnings are just bragging and wants people to show admiration to their skill, but you are different you show them that things are not easy and they should play with money they can afford and not to be tempted to be like those who pretend to be good in winning.

[molsewid]

Thanks for sharing your losses as well, this could be helpful to our community. I also remember a thread in this forum sharing his friend that apparently not knowing that he is slowly getting addicted to gambling. Some people still gamble even they don't have enough or they are are using their budget for food and then when they lose they will tell other people they are a victim of scam, take for an example there is a gambling site here which influencers also giving some money for them to register and start to play some people invested 250$ and now they are all complaining they can't withdraw money now.

[Yogee]

That Stan must have stung hehe. It's been a while since I visited your $417K thread but I remember some members even doubting your story. I also kinda expected some people will send you offers in private ever since you made that post. It's kind of a rare chance to actually converse with some high roller so I don't really blame them. What's your current betting limit on sportsbet by the way?

[Viscore]

You did right posting your losses, there were many threads about gamblers winning and these temp people that its possible to win big amounts of money, by showing them your results you just show the true picture of how gamblers have their highs and lows in their bets, those who earlier post their winnings are just bragging and wants people to show admiration to their skill, but you are different you show them that things are not easy and they should play with money they can afford and not to be tempted to be like those who pretend to be good in winning.

OP just want to show everyone the reality about gambling, and that there can be no big wins without enduring huge losses at first. Well anyway, thanks OP for making it clear particularly for those beginners in gambling who are dying to win huge amount like you had won. Now, they will refrain from messaging you because they know already that you are just trying to recover your big losses. I think what all gamblers should realize that gambling should not be seen as a source of income, or instant wins, knowing it could also lead you to a life changing losses if you don’t gamble responsibly.

[swogerino]

Of course people should gamble responsibly but I believe it is only natural to bet like 20.000 dollars a bet when you have won 417.000 dollars and that cannot be avoided.I place bets with little money 2-10 dollars bet on big parlays and this is because of my limited budget,the rare times I hit a big parlay like an over 300 dollars win then the bets are not anymore 2-10 dollars but are 15-40 dollars per bet and this is something I know for sure every single gambler does,they try to maximize the rewards.

You have done well to put here your loses as most likely these can serve you first and foremost and then other people who maybe thinking that winning at gambling is easy.

[piebeyb]

if you share stories about your defeats it means you are a great gambler, sometimes what we see is people always show off their gambling wins but never share stories about losing in gambling, not many people want to share those stories, BTW your advice is important for novice gamblers to gamble with what they can afford to lose, so don't force yourself to have to sell any valuable assets just to play gambling and become a life-ruining addict just because you want to win big wins. 

[Gozie51]

The lesson is not to over shoot the betting budget just because of the estimated reward. Some bettors don't really look at the risk of losing but are so eager for how much potential is there at the end but unfortunately we know with experience that no game is a guarantee winning because the element of hard luck can outplay itself against a "sure bet" just with what op posted on the games he expected to win. Another point is that the difference between huge win and small win is in the staking power, so keeping it gradual and betting according to what we can lose or forfeit and not according to our risk appetite because every person would like a high risk appetite.

[bittraffic]

Threads are getting pages and pages because the of discussions of picks though. Every sport and match is asked looking in hopes of tips from fellow gamblers. $20,000 is quite a confident bet.

How often do you win will be the next question because if the rate is still worth it, those users who sent you PM still have the hope to take the risk of your picks.

[AverageGlabella]

I wish I had this money that I could gamble I do not put more then $10 at a time because I cannot afford to lose any more. I do not know how people can risk their money when they could be using it for other things in their life. I could never put a bet of $600000 even if I had that money and would be willing to lose it I would go invest it into some thing else that would be safer. Gambling has too many variables and I think I would have bought Bitcoin with that money instead.

[TimeTeller]

I wish I had this money that I could gamble I do not put more then $10 at a time because I cannot afford to lose any more. I do not know how people can risk their money when they could be using it for other things in their life. I could never put a bet of $600000 even if I had that money and would be willing to lose it I would go invest it into some thing else that would be safer. Gambling has too many variables and I think I would have bought Bitcoin with that money instead.

Every person has their own take when it comes to gambling. Some of these high rollers don't think about the amount.
Whereas, like you, I also don't bet big. I play from time to time just to pass the time, but I always set my limits.
Whenever I used that amount, I stop. Though I play to extend my games, but if I feel that I can't recover such losses, I call it a day already.
In this game, it is your own self who can only stop from playing. If you think you need to allot your money to important things, you can always do so.
It is hard to stop sometimes if you are already chasing losses. This is where some gamblers are getting addicted as they won't stop up until they totally used their bankroll.

[blockman]

That's so nice of you that you didn't take advantage of those bettors that want to have some additional chance of winning through your picks. Because in the past, there have been those tips being offered just because they've been winning with the sizeable amount and chances that they've got were better than the rest so they think that they should open a service offer for producing tips and picks every day. But most of those didn't go successfully and just as you've mentioned, it's good that you clear that in gambling there's no guarantee for all of the picks that you'll do which is true. You might also satisfy some folks that have been looking for your losses because they're not satisfied about what you've shared which was only about your wins.

[madnessteat]

^

I am very glad that you have shown forum users not only your successful bets, but also the bets that led you to losses. In my opinion this is a good example to show that in betting as well as in gambling the outcome very often depends on luck and not only on the professionalism of the bettor.

Good luck to you and I hope you'll share more successes with us in the future!

[serjent05]

It is the right decision to reject people asking you to use their money for betting no matter how good their promise of sharing the winnings.  People who has no intention to take advantage of people will kindly decline funds like that.  And this shows that @OP is a good person and at the same time wise gambler.  

It is also great that @OP shares his losses so that people will know that winning in gambling is not easy as we think.  Besides, gambling result is random although sports betting might give us an easier way to win if we have the skill and knowledge of the data and statistics of the player or teams at the end of the day there is always a variable factor that will greatly affect the result of the game.  

Threads are getting pages and pages because the of discussions of picks though. Every sport and match is asked looking in hopes of tips from fellow gamblers. $20,000 is quite a confident bet.

How often do you win will be the next question because if the rate is still worth it, those users who sent you PM still have the hope to take the risk of your picks.

@OP is a veteran of sportsbetting , I think .  He is very confident with his sports analysis but that loss simply shows that gambling isn't always a win even though we are confident about our knowledge on sports betting and it is good of him that he share that losing experience for the sake of educating us about gambling possibilities.

[Mahanton]

I wish I had this money that I could gamble I do not put more then $10 at a time because I cannot afford to lose any more. I do not know how people can risk their money when they could be using it for other things in their life. I could never put a bet of $600000 even if I had that money and would be willing to lose it I would go invest it into some thing else that would be safer. Gambling has too many variables and I think I would have bought Bitcoin with that money instead.

We know that each person does have their own financial capability on dealing up with things and this is why we should really accept that there are people who could really afford or do make out those big amounts which
we do really have those thoughts that it would be better if they would really be make use into other things which these people arent realizing or simply they do have that lots of money and thats why they arent really that minding. It is really just that amazing on how these fellas do thrown out thousands of dollars on each bet or roll on t he time that they do gamble. We know that this is a game of luck where losses and winnings
are inevitable but in general sense on which gambling do always talks about the risks.

[o48o]

Thank you for being transparent. I often get greedy when i see posts or videos winning insane amount of money. At that moment all i see is the winnings and completely forget that most people don't get those. In fact many people lose a lot while pursuing jackpots.

I see this mentality especially people who play lottery. Changes are astronomically high. When changes are one to too high numbers for people to comprehend. They tend to forget the odds and just think what they would buy with the jackpot. In fact that could be the best part of the game i suppose.

If people would posted all their losses, most games bets with low changes of winning would seem unattractive.

[un_rank]

Thank you for sharing this. People respond quickly to results and winning and tend to forget the periods of losses and they somehow wish they can have one without the other. In gambling, trading, investing, starting a business, or launching your platform, there is a huge element of risk, the risk that you could lose out in the end. If you do win after different trials, you should inform people of the losses which led up to it so they have a full idea, and I respect you for talking about that.

Gambling is just like bitcoin trading, but less reliable. Always let people know of the risks.

- Jay -

[Mahanton]

Please only gamble what you can afford to lose and if you don't have discipline or control you shouldn't be gambling. I can't stress that enough.

People should realize this on which when it comes to gambling then risks would always the main thing that you would encounter then whats the thing that you do mainly need? Of course it would be talking about
luck which does really plays a main role when we do speak about winning. Good thing that you do make out that kind of realistic approach toward sports betting and did show to the public that anyone could mess up
even on a one sided match or even how low the odds it would be.It doesnt really guarantee a sure win and this is where people should really be believing.
There would be no assurance when it comes to gambling because anything could really happen along the way which would really be changing up on what are those expected results.

[dunfida]

Please only gamble what you can afford to lose and if you don't have discipline or control you shouldn't be gambling. I can't stress that enough.

People should realize this on which when it comes to gambling then risks would always the main thing that you would encounter then whats the thing that you do mainly need? Of course it would be talking about
luck which does really plays a main role when we do speak about winning. Good thing that you do make out that kind of realistic approach toward sports betting and did show to the public that anyone could mess up
even on a one sided match or even how low the odds it would be.It doesnt really guarantee a sure win and this is where people should really be believing.
There would be no assurance when it comes to gambling because anything could really happen along the way which would really be changing up on what are those expected results.

This is where we do say that regrets do always come at end, when you are pushing that hard and trying out to make things happen on something on your mind then you would be ending up on a disaster because this isnt

how things goes. Gambling is for fun and only bet on the amount which you can afford to lose.Dont go into certain lengths which it isnt really that ideal anymore because you would really be losing money if you do stick with those false hopes and beliefs.

Slight chance of losing could still count as chance on losing your money which is the very basic concept of gambling.

[Ebede]

Gambling is a game of luck and it can hit you profit today and next tommorow you lose everything you have achieved, so therefore i want us to believe such point, because if you keep the documents of what you use in playing gambling and what you don't use in playing gambling, you will notice that sometimes the lost will be higher than the profit and it's difficult before you can see the profit go higher than what you spent so far.