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

[Yatsan]

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.

Unfortunate, indeed but at least he can cope with the loss and that he's not on his worst situation still. Let's say that's because he's rich but if ever such thing will be occuring more frequent then it won't be safe to assume that he'll just be fine on his own. At least he learned something from this mistake of him. Needless to say, we shouldn't be embracing the risk in the first place if we are not fully aware of things. One worse scenario is losing more than what you can really accept once you got up from being unaware. The moment you knew, is the time things are too late and you'd be lucky already if you will be able to accept things instantly 'coz it would be most likely that you won't. It is like answering a mathematic equation while you're sleepy, would you be hitting the right answer, given that things should be analyzed? Most likely, you won't. Chance of losing is bigger so at least be preventive of making your loss bigger even with the smallest things such as maintaining consciousness whenever you are betting.

[BABY SHOES]

Alcohol can forget everything including that he won't think he has spent a lot of money even though he only remembers that it was just a little and gambling under the influence of alcohol then it will have a bad effect because he is half-conscious.

But he realized that even though he lost $3M and it is true that in gambling winning or losing will still happen so it must be realized for all gamblers.

Although he lost by not experiencing any major depression it should not be imitated maybe he has more money reserves than us, never imitate the gambling style of a pope they are still immune to money even though they lose a lot while if we lose it will be severe depression.

[Lanatsa]

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.

Losing 3M and just nothing? I dont think so that this one would really be that just fine or something an amount that he could neglect about but the main difference about into these people that they could easily
generate out these amounts and this is why they are really that confident when it comes to this manner on which you would really be that playing and thinking about being a small amount since you know
that its something that you could easily earn or make into with your business,ventures or investment or whatsoever. This is why its not really that shocking they would really be having those kind of
words on regarding their losses.

Well, leaving a basic piece of advise is indeed considerable on which if you are someone who do hate up loses and becomes that too stressful thing for you then gambling isnt really for you.
On the time that you do afford on losing up a certain amount as if its nothing then this do means that you are really that expecting that gambling does
really give out that kind of effect.

[blockman]

It's part of the game and gambling, as long as there are winners and losers then someone to expect that he can be in both of it or mostly on the side of losing.
Well, these are like rich men normal thing that they'd lost ONLY $80k but what amount is that to us, right?
And then finding out that he's lost $3M so, nothing changes to him but heck that's a lot of money and for sure that he had scratched his head there.

[coolcoinz]

One thing that strikes me in that interview is he went to bed like normal and was perfectly fine about losing $80k. The real amount lost was too much for him, but 80k was fine. Wish I had that much money so I could wake up in the morning and say damn, 80k lost, let's eat some breakfast and think of how I can win it back. Most people would be devastated after a $10k loss. 80k is the price of a small house.

Lessons to learn from this?
1. Be happy it wasn't you.
2. Don't drink and gamble.
3. Don't worry, even if you're drunk you won't get Dana's credit line. They'll probably tell you to leave and maybe (if you're lucky) get you a cab and make sure you tell the driver where you live.

[ethereumhunter]

It's a good advice but the only problem is that it's not working so far, people seem to care more about doing a breakeven rather than stopping and taking a pause in their gambling to either stop the bleeding of money from the losses or to rethink a new way to do things. People have no self-control and most of the time, it's detrimental to whether they'd follow a logical advice like this one and with a lot of people that's becoming financially unstable because of their messy gambling habit, it seems that the theory that a lot of people don't have any kind of self-control seems to have to some ground.

What happened to Dana is a really devastating thing for him but a prosperous day for the casino definitely, that amount that his lost in gambling is probably enough to make me retire right now so damn, I can't even begin to fathom how expensive that loss is, don't drink and gamble kids, you will never know how much you've lost until you're sober.

That's because people still wants to make more money than what they've got before. They don't satisfy with their win instead still wants to continue playing gambling because they thinks that they have more chances to win more money. But if they can thinks that in gambling, they will difficult to make money, they will not trying to playing gambling more after they win. They will stop playing gambling and trying to take care themselves from the increasing of their emotional. They can thinks that it's enough to win some money and stop gambling because they can playing gambling in the next days and maybe they can win more money.

That's an example for us to always avoids drunk while we playing gambling or doing other activities because we will not realizes about what we do. When we playing gambling while drunk, we will not care about around us and will not stop playing gambling. That's a risks for us because we can lose all of the money while we will difficult to win.

[Kakmakr]

Dana obviously have a gambling addiction problem, seeing that a lot of casinos blocked him from gambling at their establishments.

You cannot take advice on how to gamble from someone that has a gambling addiction problem, because they are not in control of their own actions. (You can take advice from him on how to stop, if he can get help and if he can stop gambling)

He will have a hard time kicking that addiction, because he is surrounded by Sport and gambling advertising all the time.

[Jody.Drummer]

Alcohol can forget everything including that he won't think he has spent a lot of money even though he only remembers that it was just a little and gambling under the influence of alcohol then it will have a bad effect because he is half-conscious.

But he realized that even though he lost $3M and it is true that in gambling winning or losing will still happen so it must be realized for all gamblers.

Although he lost by not experiencing any major depression it should not be imitated maybe he has more money reserves than us, never imitate the gambling style of a pope they are still immune to money even though they lose a lot while if we lose it will be severe depression.

Yes that's for sure, or it means that this happened because of the influence of the alcohol he consumed which obviously has the effect of removing consciousness which in the end is like the one experienced by the person mentioned by the OP where he only remembers that he only lost $80k when it was much more than that which he must be quite angry and disappointed with such a situation, however the effect of alcohol can eliminate or reduce a person's level of consciousness and it will greatly affect him in terms of making decisions that lead to excessive actions and which usually end with regret.

Gambling is always about winning and losing and even though he was aware of this I still think losing the amount of $3M is a painful loss of money, and if I were in a situation like that then yes maybe it seems like I could end up stressed, but if for example he did not overreact to the situation of his loss then yes maybe he is one of the rich people who still has a lot of other spare money outside of the money he lost, in the end it is still a valuable lesson that we should make an example to never gamble while consuming alcohol or anything that can intoxicate and remove consciousness because the impact can be unexpected.

[Apocollapse]

$3 Million is just a peanut for him, it's not even 1% of his net worth.

What need to worry is poor or middle class people who get drunk and gamble at the same time, if they only earn $2K per month, but they gamble $1.5K at that night, this will cause a big problem for them.

Dana obviously have a gambling addiction problem, seeing that a lot of casinos blocked him from gambling at their establishments.

Fun fact, he got banned because he's a high roller and win a lot/url], so it's not about gambling addiction.

[Questat]

$3 Million is just a peanut for him, it's not even 1% of his net worth.

What need to worry is poor or middle class people who get drunk and gamble at the same time, if they only earn $2K per month, but they gamble $1.5K at that night, this will cause a big problem for them.

Dana obviously have a gambling addiction problem, seeing that a lot of casinos blocked him from gambling at their establishments.

Fun fact, he got banned because he's a high roller and win a lot/url], so it's not about gambling addiction.

Gambling addiction doesn't mean he is losing all the time or most of the time. He loves to gamble consistently, that's already called as a gambling addiction. Well, as long his finances are not greatly affected, I think that's fine, and his gambling addiction making him ban from a casino because of his huge stake, that's a good kind of addiction as that means he is making money if I'm not mistaken.

[Lanatsa]

$3 Million is just a peanut for him, it's not even 1% of his net worth.

What need to worry is poor or middle class people who get drunk and gamble at the same time, if they only earn $2K per month, but they gamble $1.5K at that night, this will cause a big problem for them.

Dana obviously have a gambling addiction problem, seeing that a lot of casinos blocked him from gambling at their establishments.

Fun fact, he got banned because he's a high roller and win a lot/url], so it's not about gambling addiction.

Gambling addiction doesn't mean he is losing all the time or most of the time. He loves to gamble consistently, that's already called as a gambling addiction. Well, as long his finances are not greatly affected, I think that's fine, and his gambling addiction making him ban from a casino because of his huge stake, that's a good kind of addiction as that means he is making money if I'm not mistaken.

Casinos or betting sites would really be not liking into those people who do make huge wins or simply with those lucky gamblers considering that this is something that would really be putting them in trouble.
Banning would really be the solution or something that having those kind of exclusions on which we know that this would really be a normal thing for them to do so. Going back into the topic in speaking about about those loses then it would be normal on having those loses on which the important thing on here is that you do really know on how much you would really be spending on which you wont really be putting up yourself
on such big trouble. For these people then we do know that these are millionaires or someone who could really be able to make easy money out of the businesses and careers they do have.

Actually its a good piece of advises on about gambling spending on which its true that everything should really be that in moderation and if you are someone whose really
that having no moderation about spending then you would really be messing up yourself with gambling.

[Zoomic]

$3 Million is just a peanut for him, it's not even 1% of his net worth.

What need to worry is poor or middle class people who get drunk and gamble at the same time, if they only earn $2K per month, but they gamble $1.5K at that night, this will cause a big problem for them.

Dana obviously have a gambling addiction problem, seeing that a lot of casinos blocked him from gambling at their establishments.

Fun fact, he got banned because he's a high roller and win a lot/url], so it's not about gambling addiction.

Gambling addiction doesn't mean he is losing all the time or most of the time. He loves to gamble consistently, that's already called as a gambling addiction. Well, as long his finances are not greatly affected, I think that's fine, and his gambling addiction making him ban from a casino because of his huge stake, that's a good kind of addiction as that means he is making money if I'm not mistaken.

There are actually some healthy/good addictions out there and gambling is definitely not one of them wether he is making money from it or not. Being a gambling addict means you cannot control your urge to gamble, so while you win some times, losses are also at the corner waiting for you. $3 million is quite a lot to lose at once and it is a thing of concern which should not be applauded, even if  he is rich. The loss means nothing to him because he is addicted and he will go back to it again tomorrow.  My advice to all "don't aspire to be like Dana who will even gamble when he is drunk". There is no fun in losing such an amount of money.  Many would even die of depression for this reason.

[Wakate]

Alcohol can forget everything including that he won't think he has spent a lot of money even though he only remembers that it was just a little and gambling under the influence of alcohol then it will have a bad effect because he is half-conscious.

But he realized that even though he lost $3M and it is true that in gambling winning or losing will still happen so it must be realized for all gamblers.

Although he lost by not experiencing any major depression it should not be imitated maybe he has more money reserves than us, never imitate the gambling style of a pope they are still immune to money even though they lose a lot while if we lose it will be severe depression.

Being drunk and playing is something that does not works for everyone, we need to be conscious in the batting hall or casino for us to know what we are doing or the bet we are playing. I don't advise people to go drunk and bet because it could have a severe results on us if we are unable to make good winnings as players. We just have to be careful how we gamble and going about playing games when we know that we are not fit enough to bet. Many people had made this mistake and they regretted it because they were too relaxed that they could be be fortunate to earn without knowing what they have lost so far.

[BABY SHOES]

Alcohol can forget everything including that he won't think he has spent a lot of money even though he only remembers that it was just a little and gambling under the influence of alcohol then it will have a bad effect because he is half-conscious.

But he realized that even though he lost $3M and it is true that in gambling winning or losing will still happen so it must be realized for all gamblers.

Although he lost by not experiencing any major depression it should not be imitated maybe he has more money reserves than us, never imitate the gambling style of a pope they are still immune to money even though they lose a lot while if we lose it will be severe depression.

Being drunk and playing is something that does not works for everyone, we need to be conscious in the batting hall or casino for us to know what we are doing or the bet we are playing. I don't advise people to go drunk and bet because it could have a severe results on us if we are unable to make good winnings as players. We just have to be careful how we gamble and going about playing games when we know that we are not fit enough to bet. Many people had made this mistake and they regretted it because they were too relaxed that they could be be fortunate to earn without knowing what they have lost so far.

There is a theory --- drunk while gambling that his pleasure increases but he loses awareness of his sanity so he will not be sober when playing gambling while betting big or small.

Gambling games we still have to be aware even though the game is luck but by being aware we know the betting limits or will not act more aggressively spending a lot, this should not be done by anyone for the sake of perverted pleasure but harming you more.

When he wants to win or lose, it doesn't matter if he is drunk, the important thing is that they play with the influence of alcohol that is still there.

[South Park]

Alcohol can forget everything including that he won't think he has spent a lot of money even though he only remembers that it was just a little and gambling under the influence of alcohol then it will have a bad effect because he is half-conscious.

But he realized that even though he lost $3M and it is true that in gambling winning or losing will still happen so it must be realized for all gamblers.

Although he lost by not experiencing any major depression it should not be imitated maybe he has more money reserves than us, never imitate the gambling style of a pope they are still immune to money even though they lose a lot while if we lose it will be severe depression.

Being drunk and playing is something that does not works for everyone, we need to be conscious in the batting hall or casino for us to know what we are doing or the bet we are playing. I don't advise people to go drunk and bet because it could have a severe results on us if we are unable to make good winnings as players. We just have to be careful how we gamble and going about playing games when we know that we are not fit enough to bet. Many people had made this mistake and they regretted it because they were too relaxed that they could be be fortunate to earn without knowing what they have lost so far.

Once you are having fun, it is very easy to let go of your inhibitions and begin to do all kind of things you would not do normally, in light of this fact, we need to be very careful with the amount of alcohol that we drink at casinos, with the best case scenario being not drinking at all, a scenario that is not very realistic given that people go to the casino precisely to get some fun, and alcohol is often expected to be consumed during those times, so the next best option should be to limit its consumption, so we do not go through the same experiences that were shared by the OP.

[cabron]

Alcohol can forget everything including that he won't think he has spent a lot of money even though he only remembers that it was just a little and gambling under the influence of alcohol then it will have a bad effect because he is half-conscious.

But he realized that even though he lost $3M and it is true that in gambling winning or losing will still happen so it must be realized for all gamblers.

Although he lost by not experiencing any major depression it should not be imitated maybe he has more money reserves than us, never imitate the gambling style of a pope they are still immune to money even though they lose a lot while if we lose it will be severe depression.

Being drunk and playing is something that does not works for everyone, we need to be conscious in the batting hall or casino for us to know what we are doing or the bet we are playing. I don't advise people to go drunk and bet because it could have a severe results on us if we are unable to make good winnings as players. We just have to be careful how we gamble and going about playing games when we know that we are not fit enough to bet. Many people had made this mistake and they regretted it because they were too relaxed that they could be be fortunate to earn without knowing what they have lost so far.

Once you are having fun, it is very easy to let go of your inhibitions and begin to do all kind of things you would not do normally, in light of this fact, we need to be very careful with the amount of alcohol that we drink at casinos, with the best case scenario being not drinking at all, a scenario that is not very realistic given that people go to the casino precisely to get some fun, and alcohol is often expected to be consumed during those times, so the next best option should be to limit its consumption, so we do not go through the same experiences that were shared by the OP.

I think he was drugged by the casino manager that's why he couldn't remember he actually lost $3M that night. Either that or he just tells this story so that he can have the excuse of losing $3M.

But you know gamblers sometimes can boast how much they lost in a single night and tey are proud to tell it to people around him that he lost this much. And Dana is just one of them. It must feels so macho.

[Litzki1990]

He might have consumed alcohol due to which he made a mistake in selecting the correct number at that time. He lost more money than he thought. Gambling is already very risky, a gambler can lose all his money due to a small mistake whereas if a gambler gambles under the influence of alcohol then his loss is guaranteed. Gambling can lead to both profit and loss but still we should try to gamble responsibly so that we don't make any big mistakes. Whenever we make a big mistake we will face a big financial loss. Gambling should be done with a relatively small amount of money without taking excessive financial risks and should make informed and cool minded decisions regarding gambling.

[dansus021]

I just saw the video and dang how he got 3 million dollars in lost when he just only had 1 million in his credit line i still didn't get it and by the way that is a lot f** money. at the end of the video he give an advice to other people hahah to not drink the alcohol when playing the game.

the line is "Alcohol is free but don't fu** to drink it   " this is epic and very much true

[Outhue]

There is time for everything, when it's time for drinking do not decide to do other important things at that time, let the time for drinking be for drinking only, do not get into other things.

I like advising my family friends who like to drink to always get in the act close to their beds, because they will lose control of their senses and the only solution is to sleep it off.

Although I still don't encourage drinking too much, because it comes with complications, Dana won't get hit too much because he has the money, but let's pretend that the millions is all he has left.

As a man its good to be responsible and discipline in everything.

[rodskee]

Alcohol can forget everything including that he won't think he has spent a lot of money even though he only remembers that it was just a little and gambling under the influence of alcohol then it will have a bad effect because he is half-conscious.

Alcohol can make us Blackout meaning we can forget or may not know everything we do that very moment.

But he realized that even though he lost $3M and it is true that in gambling winning or losing will still happen so it must be realized for all gamblers.

or maybe because that amount is a little to nothing for him , this is why he just react like that.

Although he lost by not experiencing any major depression it should not be imitated maybe he has more money reserves than us, never imitate the gambling style of a pope they are still immune to money even though they lose a lot while if we lose it will be severe depression.

it is not maybe , Dana really have a tons of money in his pocket , and into his accounts .