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

[bittraffic]

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.

[Oshosondy]

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.

[Frankolala]

When you are benched on alcohol, you will not know exactly what you are doing, because you will do things due to the control of alcohol. Most times, you will not know what you are doing and when gambling, it is the worst because you can gamble with your entire bankroll unknown to you. It is surprising to see a man like this not that worried on losing $3M on gambling and will still continue gambling.

It shows that these rich gamblers always  lose more than the poor gamblers. Imagine if a poor gambler won the amount that this man gambled with unknown to him. It means that the poor man have hit the jackpot of $3M. It is good that when we are gambling, we stay away from alcohol or whatever, will make us not be conscious of ourselves to avoid great loss that might affect our lives tomorrow.

[AmoreJaz]

When you are benched on alcohol, you will not know exactly what you are doing, because you will do things due to the control of alcohol. Most times, you will not know what you are doing and when gambling, it is the worst because you can gamble with your entire bankroll unknown to you. It is surprising to see a man like this not that worried on losing $3M on gambling and will still continue gambling.

It shows that these rich gamblers always  lose more than the poor gamblers. Imagine if a poor gambler won the amount that this man gambled with unknown to him. It means that the poor man have hit the jackpot of $3M. It is good that when we are gambling, we stay away from alcohol or whatever, will make us not be conscious of ourselves to avoid great loss that might affect our lives tomorrow.

Lucky for him, he can afford such amount of huge loss. If you are just an ordinary gambler, it will be a devastating moment. But anyway, you won't reach that situation in a physical casino, because you will only wage what you have.  

But being intoxicated to anything, will always give trouble. Even outside casino. So if you think you can't handle yourself anymore, let someone bring you home or bring yourself home as soon as you realize you are not thinking clearly or on the verge of subjecting yourself to shame.

[SUPERSAIAN]

You need to be careful while gambling, otherwise you may end up with such huge losses and you won't even realize it.

Can make decisions that will affect your entire life in a single day, without even realizing whether it is 3 million dollars or 80 thousand dollars, and unfortunately, you cannot take back these things. I agree, losing or winning in games are good emotions, but the more emotions you can handle, the better. This way you can understand your feelings better.

[Orpichukwu]

Alcohol and gambling combined are two of the worst things any gambler can do. At first, if you lose in gambling without having self-control, you can just be chasing your losses until you run out of cash before you can realise your self-talk more of when the person is under the influence of alcohol.
 
One of the things that makes it very easy for this man to lose up to that amount without realising it is that he has the money; he is rich, and the funds are accessible to him freely, so he can easily just spend that without even realising how far he has gone.
 
That's really a hefty amount of money. When I see people spend and waste this much on gambling, it just makes me wonder what kind of budget they usually have for gambling.

[Text]

The ups and downs in gambling are truly real; winning is great, and losing is never fun, but all of that is part of the game. Perhaps the important thing to consider before engaging is having the right mindset to handle both wins and losses. He also considers that he made a mistake in getting drunk because of the free alcohol and learned from that experience. He says that alcohol may be free, but you don't have to drink it. However, alcohol can indeed have a different effect when you're influenced by it, reaching a point where you're not aware of your actions. He's right when he says that when your situation becomes depressing, you need to get out of it. And when he gambles, only his money is at stake if he loses, and no one else will be affected.

[Slow death]

These rich guys are not a model of people that other people should copy, in this case Dana White lost 3 million US dollars, but there is news from the past in which they say that he won 7 million dollars in a single night in a casino. las vegas and as they don't mention at all he has already made a lot of money from gambling, so in my opinion the guy is not making a loss by losing those 3 million dollars, he is probably making a profit just by playing. We also have to take into account the fact that he has a large fortune, so he must have many investments that give him a lot of profits every day. Let's imagine in this case where he lost 3 million dollars gambling, probably in a few days

or in a few weeks or a few months his business will generate a profit equal to or greater than 3 million dollars and in this way he recovers the money he lost in gambling. I have always said that for rich people who have many businesses that generate a lot of profits, they can play with millions of dollars in casinos and there is no problem because they will recover that amount of money in a short time thanks to the many businesses they have. . now when it is a case of a person who lives depending on his salary at the end of the month, when he loses money in gambling, that person does not recover that money

because the salary comes in the same amount every month, so the money in the person's bank account will not increase, the bills will increase, so the person has a greater chance of getting stress, depression, addiction and it will destroy his life. while for cases like Dana White's he won't be depressed because he lost 3 million dollars in a casino, he won't become addicted to a serious condition because the guy has a lot of money and a lot of things to do in life to the point that he has little time left for gambling. Happy and rich people can spend a lot of money on gambling and they won't have any problems in their lives.

[Mr.suevie]

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.

For those that understand the consequences that follows gambling losing shouldn't be an issue for them but the truth is that no matter how we say this some people are still going to be affected and those set of people are the ones that have already stipulated only winning in their mentality.  Gambling should be understood from an angle of both the losing and winning because it's a hard fact that can't be ignored but the only thing now is not allow yourself get hurt to a fate that you are actually getting ready to meet the moment you choose gamble.

[DabsPoorVersion]

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.

We often hear that advice, however, since we are just human beings and most people prefer to have a quick way to make money, they will continue to gamble even if it makes them depressed because of gambling. I mean, every time they lose their money, they've come down to the point of losing themselves because of it, but they still continue to gamble at the end of the day.

Another important piece of advice I heard in the interview is that is not supposed to be missed by everyone, he also said "I never drunk again when I was playing cards". Being drunk will make you think unexpectedly or make you unable to execute an accurate decision in gambling, it's better to avoid it if you plan to gamble.

[target]

These rich guys are not a model of people that other people should copy, in this case Dana White lost 3 million US dollars, but there is news from the past in which they say that he won 7 million dollars in a single night in a casino. las vegas and as they don't mention at all he has already made a lot of money from gambling, so in my opinion the guy is not making a loss by losing those 3 million dollars, he is probably making a profit just by playing. We also have to take into account the fact that he has a large fortune, so he must have many investments that give him a lot of profits every day. Let's imagine in this case where he lost 3 million dollars gambling, probably in a few days

or in a few weeks or a few months his business will generate a profit equal to or greater than 3 million dollars and in this way he recovers the money he lost in gambling. I have always said that for rich people who have many businesses that generate a lot of profits, they can play with millions of dollars in casinos and there is no problem because they will recover that amount of money in a short time thanks to the many businesses they have. . now when it is a case of a person who lives depending on his salary at the end of the month, when he loses money in gambling, that person does not recover that money

because the salary comes in the same amount every month, so the money in the person's bank account will not increase, the bills will increase, so the person has a greater chance of getting stress, depression, addiction and it will destroy his life. while for cases like Dana White's he won't be depressed because he lost 3 million dollars in a casino, he won't become addicted to a serious condition because the guy has a lot of money and a lot of things to do in life to the point that he has little time left for gambling. Happy and rich people can spend a lot of money on gambling and they won't have any problems in their lives.

He was asked by the host how much was his biggest win in gambling, Mr White said it was just $1M. Can't really believe what the bald man says.
He is the head of UFC, you can't expect him to just stop gambling while he losing money, he said he will return. If he won't let the 80k slide, he won't also let go of that $3M.

He is talking a lot of things in this interview but he is right about a gambler getting depressed after losing then gambling is not for him.

[goinmerry]

He meant winning and losing are part of the game where great things and bad things happen.

Simple statement but the message is deep.

In other words, everyone should accept that in gambling, there are only 2 results, winning and losing.

However, I understand that for an average gambler, especially those who can't afford to withstand the effect of losing, it's hard to understand that statement. Rich gamblers on the other hand can just simply walk away with their losses and move on easily and that's the reason they can truly understand what gambling is all about.

[borovichok]

Of course, there are only two possibilities in gambling. You either win or you lose. Having this at the back of your mind as a gambler is important as a gambler. Most gamblers only look at the possibilities of winning and becoming rich and then neglecting that gambling is not a bed of roses. Gamblers with this mindset easily get addicted because even when it is clear that gambling is taking so much from them they still live in the fantasy that they will win millions and so they keep pushing without setting budgets for themselves. When a gambler fails to set limit and stick to it, he wil have financial ruin and instead of getting richer as he desires, he will continue to lose profits.

The interview revealed that even the rich lose heavily more than the poor but they don't get so much worried simply because they gamble for fun and not to make more money. The amount lost as revealed might be huge for a common man but that is probably what he can afford to lose. This tells us that staking with what you can lose can be relative depending on the income of the gambler. Don't copy another gambler or try to gamble the same way he is gambling because your income might be different and so following him might lead to creating problems for yourself. 

[btc_angela]

Another thing is that just like any other gamblers, Dana wanted to come and get back his $80k that he thought the lost initially. And some of us has that mentality, to chase down our losses because we don't want to admit that the casino take that from us.

Definitely, don't get yourself drunk when you gamble, you will make a lot of stupid decisions because your decision is clouded. For sure majority of us has experience that. For me, I went max bet on slot games when playing on land base casinos because drinks are free.

[South Park]

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.

If people misremember how much alcohol they have consumed, with some people arguing to me they only had 2 drinks when they actually had 14, then it is easy to to understand that a person that is blind drunk may bet way more money than what they intended on the first place, so gamblers have to make a choice, they either avoid drinking when gambling, have a friend that does not drink with them to prevent them from betting that much money, or they leave all their credit cards and valuables at home so they cannot make this kind of mistake.

[darkangel11]

For those who haven't watched it, he got drunk and called the manager to give him credit and they agreed to it, even though he was drunk. He thought it was 8k because he passed out after the game and woke up the next morning not remembering all of it.
This is crazy, not only because he was given all that money on credit and they knew he was drunk and would eventually lose it. You don't think straight when you're drunk like that. They could rob you leave you naked on the street and you wouldn't remember any of it. They could make you sign all kinds of things.
Remember folks drink, but don't get drunk like he did. Get a couple drinks and stop, or you'll make similar mistakes.

[robelneo]

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.

Gambling and drinking are two deadly combinations to guarantee your losses, which is why physical casinos offer free drinks and energy drinks to excite you and make you lose your focus on the game.

Dana's losses are nothing compared to what he's making from milking his UFC fighters, he has a lot of cash cows on many fighters on his rosters, which is why they want to have more fights to sustain his gambling addiction.
I'm sure Dana will continue to gamble he has a way to sustain himself even if it costs him millions.

[Ojima-ojo]

That is a bad sign of being drunk while gambling, this is always being spoken against because gambling with alcohol is no combination and it outcome is always worst because the gambler will be controlled by the influence of alcohol and at some point it will rob up on all that may thinks that it enjoyment to get drunk while gambling.


In fact, avoid gambling when you are drunk, unless you are gambling just to have fun from it which will be understandable because you already have the mindset of fun and not to win when gambling while drinking alcohol.

[Yaunfitda]

For those who haven't watched it, he got drunk and called the manager to give him credit and they agreed to it, even though he was drunk. He thought it was 8k because he passed out after the game and woke up the next morning not remembering all of it.

And before that, he has to curse the manager of the casino, to increased it from $1.5 million to $3 and the casino manager readily agrees with it knowing that Dana is drunk anyways and could lose all of that.

This is crazy, not only because he was given all that money on credit and they knew he was drunk and would eventually lose it. You don't think straight when you're drunk like that. They could rob you leave you naked on the street and you wouldn't remember any of it. They could make you sign all kinds of things.
Remember folks drink, but don't get drunk like he did. Get a couple drinks and stop, or you'll make similar mistakes.

That's what I'm trying to say, the best decision by the casino manager that night as they easily won big against the shark, Dana White. And it's really stupid of Dana to request to extend his credit as he is drunk already. Not sure if he is just alone or with an entourage that can simply tell him that he had to stop. But in any case he is the boss so they can't do anything about it. I think we already knows what the lessons that we can learn from the revelation here.

[pinggoki]

As much as I want to feel bad for Dana, that 3 million is probably going to be an easy money to get back for him being a promoter of UFC and all, definitely not that damaging for him but his advice about gambling is true and it's a really obvious thing too, gambling will always give you losses and wins but mostly losses so either you make it your life to get those wins despite losing a lot than you should or you could control how you would gamble. Remember that not all of us don't got the Dana White money, it's not going to be a good time if that ever happened to any of us, remember that, unless you're an obscenely rich socialite that won't mind losing that much money then good for you but it seems that not any of us is that kind of person, better to check on your gambling spending.