Dana thought he lost $80k one night and his advice for gamblers

[Solosanz]

That's why casinos loves to serve free drinks because they are investing on us, LOL.. just imagine, with free drinks, casino made $3 million on just a single night, without the dink they'll only get $80k, huge difference.

Yep, but the free drinks have few requirements, one of them is high roller.

If the free drinks are for everyone, people won't going there to gamble, but there will be many poor people enter the casino in order to get free drinks lol.

He lose money and he makes money, as long as he makes more than he lose, regardless on the source of income, he'll be fine. After all, he wouldn't be here in his situation now if he isn't a risk taker.

The relation between his business and gambling is close, even he's not a gambler, he must to gamble because that's the way he make relation and increase his popularity. He will think this loss is kind of investment because you need to spend money to build network.

[stomachgrowls]

That's why casinos loves to serve free drinks because they are investing on us, LOL.. just imagine, with free drinks, casino made $3 million on just a single night, without the dink they'll only get $80k, huge difference.

Yep, but the free drinks have few requirements, one of them is high roller.

If the free drinks are for everyone, people won't going there to gamble, but there will be many poor people enter the casino in order to get free drinks lol.

Its business and this isnt some sort of charity on which you would really able to get free drinks or any other freebies on just staying on the casino and not playing. They wont really be that dumb on giving out those free things if you arent playing on which this is something default or understandable. I dont know on why there are people or sayings that you could really be able to get free drinks when you do just stay up on the casino.
If ever there's some free drinks for everyone regardless a player or not then it would might happen for some one time kind of event but not on day to day basis which it would be understandable
but if we do speak about being that offering on an ordinary day then it isnt really that something that do happen.

When it comes to perks and comps then it would really be just that right that they would be focusing into those high rollers or simply with those VIP.
This is where business do flows and its normal to have that kind of treatment.

[Wexnident]

Just want to share.

https://youtu.be/k7aQEqDbuf8?t=4429
He was interviewed on Lex Fridman's channel just today. Funny how he thought it was just $80K but it's actually $3M. Rich men lose more when they get drunk playing blackjack.

He advises about winning and losing in gambling and if you get depressed because of it, gambling is not for you. He meant winning and losing are part of the game where great things and bad things happen.

Idk, how can one casually just forget that there's like 2 more zeroes with 3m than 80k. Different breed alright.

Gotta agree with the advice though. Losing is part of the game so if you can't past over that, or if you're simply going to assume that all you're going to experience is winning, then wake up. They're not your friend that gives out money willy nilly. They'd suck the life out of you if you were to slip up, maybe even similar to how this man felt when he mistook 3m for 80k.

That's why casinos loves to serve free drinks because they are investing on us, LOL.. just imagine, with free drinks, casino made $3 million on just a single night, without the dink they'll only get $80k, huge difference.

Yep, but the free drinks have few requirements, one of them is high roller.

If the free drinks are for everyone, people won't going there to gamble, but there will be many poor people enter the casino in order to get free drinks lol.

Or just a frequent player. Any store owner would probably give out a drink or two for a frequenc customer really.

[Viscore]

He lose money and he makes money, as long as he makes more than he lose, regardless on the source of income, he'll be fine. After all, he wouldn't be here in his situation now if he isn't a risk taker.

The relation between his business and gambling is close, even he's not a gambler, he must to gamble because that's the way he make relation and increase his popularity. He will think this loss is kind of investment because you need to spend money to build network.

If that is part of the business then good, but the news stated that he was drunk and didn't know he lose $3 million, so that clearly state that he goes overboard, or beyond budget as he is suppose to lose less than a million dollar or just $80k as per the article. He can socialize with friends or anyone that could help his business to grow, but not knowing how much you lose because you are drunk, that's another thing.

[Ultegra134]

When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.

Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.

[LUCKMCFLY]

When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.

Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.

As a player you have to be very clear about what you are getting into, only if you are playing in a casino and drinking alcoholic beverages is something that I do not recommend, I only recommend it if you have a couple of beers and only if you have the money to spend in a casino, obviously without exceeding what you can spend, if you do not take control of these things your life will get out of control and that is what we should not allow, that is why when we look for fun and extreme things, we must do them at our own risk and Our 5 senses are very active, and when we drink or worse still there are people who take drugs, things go to another level, and enter a level of total irresponsibility, in fact there are people who even lose their lives, because if they reach a point addiction level is the worst thing that can happen to them.

[Quidat]

When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.

Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.

As a player you have to be very clear about what you are getting into, only if you are playing in a casino and drinking alcoholic beverages is something that I do not recommend, I only recommend it if you have a couple of beers and only if you have the money to spend in a casino, obviously without exceeding what you can spend, if you do not take control of these things your life will get out of control and that is what we should not allow, that is why when we look for fun and extreme things, we must do them at our own risk and Our 5 senses are very active, and when we drink or worse still there are people who take drugs, things go to another level, and enter a level of total irresponsibility, in fact there are people who even lose their lives, because if they reach a point addiction level is the worst thing that can happen to them.

When it comes to those free drinks then it get used to be one of the tactics or methods on which casino would really be using but we know that drinks would really be offered into those who are always at the casino and making some wagering on which we know that once you are under the influence of alcohol then judgment becomes that vague and this is something that you would really be that
making those impulsive actions because you cant really be able to control your emotion and this is something that you should really be watching out. Any possible things that  you might be able to encounter which its really that part of their strategy. Ex. having no clock at offline casinos where gamblers cant be able to know what time it is.

As for loses then this would really be depending on how far you could really be able to reach or last because we know that house do always win at the end.
If you are lucky enough then you might be able to pull up something but most of the time you would really be consider as a loser.

[Casdinyard]

Losing $3 million and thinking he lost $80000. Alcohol is not good for those that drink too much of it. I think he gambled on a land base casino where you can have fun and be given alcohol. I do not like that kind of mistake, people needs to be careful of alcohol in anything they are doing. It is even not only while gambling but in everything we are doing because during alcohol intoxication, bad things can happen and the person may later blame himself when he feels no more intoxication. Mild to moderator drinking while gambler is better than excessive drinking. Also we should know our limit.

Alcohol is not good for anything that would require you to think, which is practically more important if you're into games like Blackjack which would require you to play more attentively and smartly. You understand that this is Dana White, the person that casinos fear because of his skills at playing cards, he's got the game by the chokehold that casinos are literally banning him just because of the amount of money he's making them lose, and he lost 3 million bucks all because he got too inebriated.

If it's just pub games and if you're with people you can trust, like close friends or family members, you don't gotta worry and just go crazy, hell, at the end of the day everything is fun with alcohol and when you're drunk, but if it's in a place where you're needed to be in there, attentive and all focused at all times, then don't be stupid and make sure you don't get piss drunk that you can't even tell the difference between 80k and 3 million dollars. It's just that easy my friend.

[gunhell16]

It's a very unfortunate incident like that, to be honest. This just goes to show that drinking alcohol in excess is not really good for us. Just like that, think 80k is very far from 3M dollars. What does he think is different from $80,000?

It costs a lot; it's also stressful; you probably haven't slept well for a few weeks or months; and it's probably hard to move on in that state. So don't drink too much or get drunk when gambling; let this be a lesson to our gamblers.

[Viscore]

It's a very unfortunate incident like that, to be honest. This just goes to show that drinking alcohol in excess is not really good for us. Just like that, think 80k is very far from 3M dollars. What does he think is different from $80,000?

It costs a lot; it's also stressful; you probably haven't slept well for a few weeks or months; and it's probably hard to move on in that state. So don't drink too much or get drunk when gambling; let this be a lesson to our gamblers.

Probably not as stressful as we think, Dana is is a millionaire and he has a big business that could generate millions consistently for him, so I think $3 Million does not hurt his pocket a lot. Actually, we won't be able to compare how we feel to how he feel because we are not on his level, I mean this guy has a net worth of half a billion dollars, we aren't even a millionaire yet, so we don't feel the same way.

We might think we will regret a lot or think that it will destroy our lives, but if you are making more than $3 million per month, you can easily let of that as money are meant to be spent anyway, the fact that he got drunk, that means he had fun.

[passwordnow]

From being $80k and telling it was "just" already means a lot for someone like me but I can speak for the majority of us that it certainly is a lot of money and there's the behind the scene with it. That also shows on how rich Dana that can lose $3M on just one particular night. I can't even attain to lose thousand of bucks or even hundred but with him, it seems that it's just nothing but well, this is how the rich plays. Money is truly a tool to them that they can use to have fun. While he's on a better state of giving advise to the other gamblers because he won't lose his entire money on it. It makes sense to give the reminder to everyone that no matter how much money you have, make sure that it seems nothing to you when you lose or else you're going to regret and will have to work your ass hard off with it until you recover it. We're far from Dana but we can have that mindset that how much we lose in gambling can be literally nothing or even more that we afford to lose. From the basic and simple tips that we're saying to the other gamblers of losing what they can afford to lose is the whole point of it.

[mirakal]

When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.

Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.

This must be a big lesson not just for him but for everyone here who are fond of drinking while gambling. Just like Dana said, drinks are offered for free but it does not mean that you need to drink while you are gambling. So it’s actually having your own discipline so you won’t get drunk and will stay focus on your stake. However, I believe not everyone is good enough not to drink but the fact that alcohol will create a dizziness effect and will get you off from your consciousness, then it’s a must to avoid drinking while your are gambling. Otherwise, you will end up making worst things out of your consciousness and eventually regret in the end.

[Bravut]

When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.

Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.

This must be a big lesson not just for him but for everyone here who are fond of drinking while gambling. Just like Dana said, drinks are offered for free but it does not mean that you need to drink while you are gambling. So it’s actually having your own discipline so you won’t get drunk and will stay focus on your stake. However, I believe not everyone is good enough not to drink but the fact that alcohol will create a dizziness effect and will get you off from your consciousness, then it’s a must to avoid drinking while your are gambling. Otherwise, you will end up making worst things out of your consciousness and eventually regret in the end.

Let put it this way mate, you don't drink alcoholics that have high chance of getting someone drunk, because when we use the word Drinking it can be water, fruit juice, wine ,whiskey, etc. So the best opinion as you have given is not getting drunk while gambling.
It normal as the big guys are fond of drinking while they gamble but you the low guys only get drunk when they lose. In essence the message Dana was passing out but seems most persons didn't really get, is for gamblers to build discipline so as to avoid Ill situations from gambling.

Imagine it was someone else (poor, middle class) that was in such situation it would have resulted  to  suicide, depression, emotional disturbance. So by all means Moderation and Discipline is needed as a gambler. Because it takes only  a system to conquer another system, so as to make you the master of the game and not been played by the game.

[bittraffic]

When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.

Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.

This must be a big lesson not just for him but for everyone here who are fond of drinking while gambling. Just like Dana said, drinks are offered for free but it does not mean that you need to drink while you are gambling. So it’s actually having your own discipline so you won’t get drunk and will stay focus on your stake. However, I believe not everyone is good enough not to drink but the fact that alcohol will create a dizziness effect and will get you off from your consciousness, then it’s a must to avoid drinking while your are gambling. Otherwise, you will end up making worst things out of your consciousness and eventually regret in the end.

Let put it this way mate, you don't drink alcoholics that have high chance of getting someone drunk, because when we use the word Drinking it can be water, fruit juice, wine ,whiskey, etc. So the best opinion as you have given is not getting drunk while gambling.
It normal as the big guys are fond of drinking while they gamble but you the low guys only get drunk when they lose. In essence the message Dana was passing out but seems most persons didn't really get, is for gamblers to build discipline so as to avoid Ill situations from gambling.

Imagine it was someone else (poor, middle class) that was in such situation it would have resulted  to  suicide, depression, emotional disturbance. So by all means Moderation and Discipline is needed as a gambler. Because it takes only  a system to conquer another system, so as to make you the master of the game and not been played by the game.

He is rich and from what I have heard, his message is that losing and winning is part of gambling. This is for the rich, middle class and poor who are trying to gamble, they have to understand that this can happen to all whether they lose or win regardless of whether them being drunk or not. And so if you are not ready to accept you lost a hundred and you wanna come back for it, then you are going to start a bad habit, that is the crossroad right there.

[darkangel11]

Saying that "it's just $80K" shows that they really have all the money in the world and it's just a drop in the bucket, you know? I agree in some ways that if you get depressed, it's definitely not for you. You need to get checked because it's YOU who decided to gamble and YOU decided to risk an X amount of money. It's all part of the risk when you are gambling.

I wish i had his problems to worry about. Oh, I lost some money gambling, no new Ferrari this month
Rich people's problems are the least of my concerns, but it's nice to imagine from time to time and think of all the things we could do with just one of Dana's monthly paychecks.
I dare to say you could build a whole house for yourself, buy a good car, furnish the house and you'd still have some money left with just one of his paychecks.
For most people losing that kind of money would mean depression. For him it's just a cool story to tell at parties.

[Ever-young]

When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.

Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.

The actual moral from this story isn't for us to completely avoid gambling, but rather approach it with caution, awareness of oneself and with a sound mind. Gambling isn't something that one should get involved with when he's not in his right frame of mind. Dana White's approach to gambling was unquestionably reckless, but it is also true that gambling can be done more responsibly. It's all about understanding the risks and taking precautions to protect oneself, both financially and mentally, and not when you're under any sort of influence that's capable of clouding your judgement.

[Mahanton]

When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.

Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.

The actual moral from this story isn't for us to completely avoid gambling, but rather approach it with caution, awareness of oneself and with a sound mind. Gambling isn't something that one should get involved with when he's not in his right frame of mind. Dana White's approach to gambling was unquestionably reckless, but it is also true that gambling can be done more responsibly. It's all about understanding the risks and taking precautions to protect oneself, both financially and mentally, and not when you're under any sort of influence that's capable of clouding your judgement.

Actually you wont really be needing to read up someones story or would really be hearing out someones advises because you could really be able to make out such act. Whereas, making use of your own common sense
and be wary on the things that is happening around would really be that enough or sufficient for you to be able to make yourself to realize on what are the things that you should really be needing to be done
for you to be able to avoid up such disaster towards gambling. You wont really be putting up yourself on such trouble if you are really just that making yourself that responsible towards your actions.
When it comes to potential loses then it would really be sky is the limit or simply it would really be basing up on how much money you could really be only have.For those people who are rich or known personalities
then they could really be able to spend up tons because of their financial capacity and same goes into the amount that they could potentially lose up too.
Having those advises and words of wisdom isnt that bad to hear out but its actually that something basic on which yourself could be able to find out easily.

[yazher]

This guy is not a role model for this kind of thing because despite his popularity, he cannot be trusted since he lost his focus in a crucial moment of his life and you can see that money is nothing for them since they can earn it back sooner or later and this is what should people avoid when playing because if they cannot control their emotions or play drunk like what he did, they will forget their needs and continue playing without taking account of the consequences later. For him, it was a big lesson and still, he has his properties but for others, it would be a life-ending story since that will probably cost him his life.

[coin-investor]

He was interviewed on Lex Fridman's channel just today. Funny how he thought it was just $80K but it's actually $3M. Rich men lose more when they get drunk playing blackjack.

He advises about winning and losing in gambling and if you get depressed because of it, gambling is not for you. He meant winning and losing are part of the game where great things and bad things happen.

This is proof that drinking and gambling should not go together but casino operators freely serve liquor to their clients because they know that gamblers when intoxicated will do foolish things when they are gambling, obviously Dana White is not aware of this, but now that he losses $3 million instead of $800k.

Now he is preaching that gambling and drinking should not go together, because even if he is a big-time promoter, $3 million will hurt his pocket.

If you're going to drink and gamble, be sure you have someone at your side who is sober and will decide for you if you are out of control.

[LUCKMCFLY]

When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.

Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana.

As a player you have to be very clear about what you are getting into, only if you are playing in a casino and drinking alcoholic beverages is something that I do not recommend, I only recommend it if you have a couple of beers and only if you have the money to spend in a casino, obviously without exceeding what you can spend, if you do not take control of these things your life will get out of control and that is what we should not allow, that is why when we look for fun and extreme things, we must do them at our own risk and Our 5 senses are very active, and when we drink or worse still there are people who take drugs, things go to another level, and enter a level of total irresponsibility, in fact there are people who even lose their lives, because if they reach a point addiction level is the worst thing that can happen to them.

When it comes to those free drinks then it get used to be one of the tactics or methods on which casino would really be using but we know that drinks would really be offered into those who are always at the casino and making some wagering on which we know that once you are under the influence of alcohol then judgment becomes that vague and this is something that you would really be that
making those impulsive actions because you cant really be able to control your emotion and this is something that you should really be watching out. Any possible things that  you might be able to encounter which its really that part of their strategy. Ex. having no clock at offline casinos where gamblers cant be able to know what time it is.

As for loses then this would really be depending on how far you could really be able to reach or last because we know that house do always win at the end.
If you are lucky enough then you might be able to pull up something but most of the time you would really be consider as a loser.

I had only gotten drunk in my life, because I was very resistant to alcohol, but one day at a party they gave me a drink that was fresh from the still and that is actually like airplane gasoline, it is an impressive thing and well at that moment I lost control, I don't know how it happened, but it was something really bad, in a casino it is always good to have some alcoholic beverages, but controlled, without losing control because that is something that we must do well, so that we can have the thoughts expensive about our gambling, with alcohol the ideas can be very cloudy and we can do things very badly, or become uninhibited for anything else, the combination of alcohol with casino gambling/driving is never good, and that is one of the premise that we should always take.