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

[Hirose UK]

He said "Alcohol is free." so I think that's where he made a mistake.

$3 million. Damn. It's an amount that I may not be able to have so I don't think I will end up the same. But there's a good lesson here and the other members here are right to not gamble while you drink especially if it is a place that is giving it for free like what happened to Dana.
It's pretty obvious that they serve it free because they know it could boost the courage and ego of the gamblers which means they will spend more and might even go as far as taking a loan to someone else just to continue gambling.
Gambling and alcohol do not match. While we gamble we need to think and alcohol is destroying that ability.

Hahaha, alcohol will destroy you, this is thought for gamblers who don't like consuming alcohol and different thoughts will occur for gamblers who like alcohol because they will think that alcohol can make them play more bravely and give them sense of confidence.
It just that on the other hand it will affect consciousness until in the end he unknowingly experiences too many losses and spends much more money, he becomes out of control due to the influence of consuming alcohol when gambling.
If in an offline or physical casino then it is service for those VIP guests who are rich people, there will be free alcohol provided even though we think this is something that is deliberately provided so that gamblers lose consciousness.
If the gambler doesn't drink too much and can control it then he is unlikely to make mistakes and gamble within his means and it is impossible to cross the limit.

This is form of big loss for rich people and we can draw the conclusion and lesson that gambling with sane brain is the main priority.
Everyone must absolutely avoid consuming alcohol when gambling if they want to remain in control.

[gunhell16]

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.

As for the difference between 80 000 and 3 million, this is just proof that drinking alcohol while gambling is not really good because it causes a wrong view of the amount we bet in a casino game where we are playing.

He realized that it was 3M that he had lost when he was already consumed by himself. My goodness, 3 million was a very large amount of money. That's not just a small amount of money.

[ethereumhunter]

Playing gambling when someone drunk is not recommended because he can lose his minds and can't thinks clear about what he will do. He will not thinks about limiting his gambling activity, no matter if he rich or poor guy. His emotions will increase when he lose some money and will continue playing gambling without thinks that is the sign to take a break or stops playing gambling. That will be worsen when he drunk, he will not thinks to stops playing gambling because he find that playing gambling is a fun and he will not wants to stops gambling.

When you lose some money, you needs to stops playing gambling and not thinks to recover your lose. You needs to check your money and if it's almost runs out, it's better to stops playing gambling rather than lose all of your money.

[348Judah]

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.

It is as easier as this, if we maintain a personal moral ethics with how we gamble, we are likely not to experience such amazing surprises on lost, from our casino wallet, we should make deposit of the amount of money we know that we can afford to lose, even if dunked, we cannot bet beyond the limit on the casino wallet, we also cannot compare ourselves with other people in which they can afford to lose any amount of money because they know what comes in for them on a daily basis, the rich win and loses, but we shouldn't overdo beyond the risk we can take with gambling.

[summonerrk]

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.

It's incredible, yeah.
Alcohol in the casino is the best way to make a player forget about self-control. When you drink, all the problems don't seem so terrible, and you start betting without thinking about the consequences. But this is a false confidence, because alcohol muddies the mind and makes you act on instinct. As a result, the player can lose all the money without controlling his actions. Therefore, it is important to remember that moderate alcohol consumption during gambling can lead to negative consequences and loss of self-control.

[sokani]

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.

I like the fact that he admitted he learnt a valuable lesson not to drink when gambling, according to him "alcohol is free but you don't have to take a f*cking glass."

I don't know if refreshments are part of the VIP treatments given to high profile gamblers at physical casinos, but alcohols shouldn't be included because some gamblers could be taken advantage of. Imagine blowing off $3M and thinking it was just $80k because of alcohol, that's really sad.

[Gozie51]

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.

He is correct actually and that is the psychology that gambling requires but you can't have such mentality if you are not gambling as you can bear and if you are not doing that, it will never look like fun for you. Take for instance in his own case, losing $3m but thinking it was mere $80,000 which means he has more bankroll and also means for source of income even though under the influence of alcohol.

Those that will be depressed when they lose are either gambling more than they can bear and have borrowed money hence are confused about how to repay. Those who don't have means of source of income also can be depressed when they lose.

[moneystery]

even when sober, a person needs to be careful when gambling, because he could gamble more than he can afford, especially when he is drunk, this should not be done because drunk people cannot think and tend to just play for their own pleasure. when someone is drunk, they will think that what they are doing is just having fun and they will not think that it could be a disaster for them.

and because of the dangers of gambling while intoxicated, one needs to limit themselves and not consume alcohol or anything that could impair their sobriety. because casinos will never forbid someone who is drunk from gambling, instead they support that person, because they think that it can give them money.

[piebeyb]

Take a lesson from here that you have to gamble in a conscious state, even when you are conscious, people sometimes forget what they are like when they are not conscious because of the influence of alcohol. This should not be combined, even though gambling is just for fun, don't use alcohol to have fun either. gambling, it will definitely end badly because I once saw my friend lose a lot of money after being unconsciously under the influence of alcohol he gambled like crazy, after he realized he had spent all his savings, he only regretted it.

For me, rich people might still be able to find that much money, but for poor people, losing a lot of money in their savings because of gambling, it definitely takes time to collect it again and even getting it again will be difficult. I'm not too interested in gambling while drinking alcohol, although sometimes I still Drinking alcohol doesn't mean you have to gamble under the influence of alcohol, it will never be good, there have been many cases like this that I have seen, so I have learned a lot about controlling myself when gambling, make sure you are sober.

[Wapfika]

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.

Dana White is a god of Blackjack because he used to be frequently winning and get restricted to play on some casino just because he keeps winning. I’m surprised that he made a mistake like this such as drinking alcohol during gambling while he a discipline gambler. This only proves that no one can be successful on gambling in the presence of an alcohol or simply clouded mind even a guy like Dana that is so good on this game.

What’s interesting on his interview is he is not that much affected and he is showing a sign that he will keep coming back to recover his loses but this time he already leaned his lesson for not drinking.

I’m curious on the next chapter of his gambling career because people that already experienced bad defeat after a good gambling career usually end up chasing loss badly.

[aioc]

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.

The interview just proved how the man he is to admit that Vegas did not make him drunk he did not make an alibi about having too many drinks and being deceived into getting drunk, this is where I admire him he is right drinks are free in Vegas but you don't have to drink all what's been offered to you.

It's a good lesson for him, so he made sure that he will not get drunk again while gambling, people tend to forget what they're doing when they are drunk, so gambling and drinking don't mix.

[Jody.Drummer]

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.

Right, I agree with you that it looks like the person gambled in a physical casino where there are facilities that we don't find in online casinos where you can buy a bottle of beer to make the atmosphere more pleasant but without realizing that this action can affect you in terms of making decisions when betting and like what happened to the person who lost a large amount we are talking about here where he didn't even realize that the amount he lost was $3 million and not $80000.

Yes basically as we know that the effects of alcohol can make our consciousness decrease which sometimes it can make us make decisions without hesitation and without any consideration which in turn can trigger the impact of regret at the end of the session when their consciousness has recovered. The advice is that it is definitely better not to consume anything that could trigger a loss of consciousness in yourself, especially when you want to bet because obviously the impact can be like the one experienced by the person who lost the large amount we talked about here or even worse than that. The reason is because decision making must be based on sobriety and rational consideration so that everything runs in balance according to what you can be responsible for.

[Porfirii]

even when sober, a person needs to be careful when gambling, because he could gamble more than he can afford, especially when he is drunk, this should not be done because drunk people cannot think and tend to just play for their own pleasure. when someone is drunk, they will think that what they are doing is just having fun and they will not think that it could be a disaster for them.

and because of the dangers of gambling while intoxicated, one needs to limit themselves and not consume alcohol or anything that could impair their sobriety. because casinos will never forbid someone who is drunk from gambling, instead they support that person, because they think that it can give them money.

Casinos won't forbid someone who is drunk from gambling, but they'll do it instead if someone is lucid enough to find a way to win at their games. Nothing personal, only business.

But I remember a case that I read here some months ago about a drunk/drugged man who was arrested by the police because of an incident in a casino. You are allowed to drink to the point of losing your money, but not more

[qwertyup23]

<..snip..>
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.

Oh my God! Imagine the past losses that he incurred- he probably thought that he only lost "xxx" amount of money but in reality, he lost more than what he thought of.

This really shows on how gambling can quickly cloud your judgement especially if you pair it with other vices. Like what you mentioned OP, he probably has that automatic response whenever he losses like he bets quickly in order to recover it.

This should be an eye opener to everyone. I think it is definitely a good practice for you guys to track down your losses in order to prevent any unexpected loss. Even if you have a big budget on gambling, step on the breaks and re-evaluate your position. Keep your head high and your feet on the ground- count your losses and call it a day if it is too much!

[Crypt0Gore]

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.

Very funny, you lost 80k and you thought the casino got you good, not knowing that the real lose is millions of dollars, let's just imagine that this man isn't a millionaire or maybe this is all he has, it means he just went bankrupt.

Still think that drinking alcohol is good? It is if you can take very little of it, but it is a competition in my country, from one bottle to another, if the amount is higher they will be able to brag about it.

Alcohol consumption is bad, it kills the kidney and it makes you lose your senses, I  don't know why people are so into it, if any gambler who loves to drink is reading this now, they will learn if they are smart, and if they are the stupid type they won't.

[Ruttoshi]

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.

Excessive intake of alcohol is bad, and it can make us misbehave and take decisions that can become a problem in our lives tomorrow. This is why you don't need to take more than your limit. Gambling and alcohol are two vices that can destroy someone due to addiction. Imagine a person that is addicted to alcohol and gambling, he would run at great loss unknown to him, if he gambles when he is drunk, compared to when he is not drunk. This is because whatever he is doing then is unknown to him.

Dana is a gambler that is used to winning and losing, and he is rich so he does not care about if he losses heavily in gambling, because he knows how to recover back the funds through different channels. Don't gamble when you are drunk, because it is unethical.

[Doan9269]

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.

Excessive intake of alcohol is bad, and it can make us misbehave and take decisions that can become a problem in our lives tomorrow. This is why you don't need to take more than your limit. Gambling and alcohol are two vices that can destroy someone due to addiction. Imagine a person that is addicted to alcohol and gambling, he would run at great loss unknown to him, if he gambles when he is drunk, compared to when he is not drunk. This is because whatever he is doing then is unknown to him.

Dana is a gambler that is used to winning and losing, and he is rich so he does not care about if he losses heavily in gambling, because he knows how to recover back the funds through different channels. Don't gamble when you are drunk, because it is unethical.

Alcohol addiction has caused a lot of gamblers huge lost in their asset because many have made some mistakes that led to the forfeiture of their digital asset because of being drunk while exposing their private information's, some gambles with the entire money they have in which they wouldn't have done so if they were in their normal sense, we have to be very careful of the acts we will be playing in which will have a future negative repercussion on us as such with gambling under influence of alcohol.

[Zlantann]

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.

Not knowing how much he lost shows that he is not accountable. Regardless of how much he is worth, $3 million is not a small sum that should go unnoticed. Does it mean that he doesn't have separate account for gambling or he doesn't receive transaction alerts? I don't like seeing this kind of publicity or interview because it could influence newbies in gambling. However, his advice is valid because gambling is not for the chickenhearted. After all, losing is part of the game. To avoid deep regret or depression we have to gamble with the amount we can afford to lose. I checked the net worth of Lex Fridman and the estimate is about $ 4 million. Was he joking or too drunk not to know when he blew his life savings?

Alcohol addiction has caused a lot of gamblers huge lost in their asset because many have made some mistakes that led to the forfeiture of their digital asset because of being drunk while exposing their private information's, some gambles with the entire money they have in which they wouldn't have done so if they were in their normal sense, we have to be very careful of the acts we will be playing in which will have a future negative repercussion on us as such with gambling under influence of alcohol.

We shouldn't engage in any activity if one is drunk. The only option will be to seek assistance, take a bath if possible and a good rest. Many people have lost many valuables including their lives because of irresponsible use of alcohol. He should be regretting his action instead of justifying it with sound gambling advice.

[blckhawk]

When you lose some money, you needs to stops playing gambling and not thinks to recover your lose. You needs to check your money and if it's almost runs out, it's better to stops playing gambling rather than lose all of your money.

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.

[Ever-young]

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.

Indeed, alcohol has the ability to impair your ability to make decision and can also cloud your judgement too making you to make poor decisions that has the ability to affect your finance and possibly make you loose money on the process without even knowing what you've done to yourself.
In the case of Archie Karas, he ended up losing a fortune because he was under the influence of alcohol and not thinking clearly. People should really be careful when under the influence of alcohol, that's the best time to relax your mind and not the time to involve yourself in things that would require your to make  certain decisions, especially decisions that concerns your finance.