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

[iv4n]

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 ...

He didn't lose focus, he lost money... $3M is a lot of money, but not for him, I think he can afford to lose this amount. I like what he said about gambling and life, he is pretty much an honest guy with some crazy life experience, so I think he can be trusted. Life is full of ups and downs, and sometimes crazy shit happens to us, but instead of crying for losses, we need to suck it up and continue fighting. I agree with him that people who fight with depression should stay away from gambling (and social networks), and people who have a hard time when it comes to dealing with downturns should stay away from gambling.

[South Park]

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 ...

He didn't lose focus, he lost money... $3M is a lot of money, but not for him, I think he can afford to lose this amount. I like what he said about gambling and life, he is pretty much an honest guy with some crazy life experience, so I think he can be trusted. Life is full of ups and downs, and sometimes crazy shit happens to us, but instead of crying for losses, we need to suck it up and continue fighting. I agree with him that people who fight with depression should stay away from gambling (and social networks), and people who have a hard time when it comes to dealing with downturns should stay away from gambling.

Anything can be used as a way to learn more about the world and about ourselves, and while there is no doubt that we must not follow his example, at the same time this could be a good lesson for the many people out there that believe this could not happen but only to those that are addicted, but this is not true, losing control for a single night and lose so much money that your life could take a turn for the worse can happen to anyone, and the sooner people understand that, the easier it will be for them to take measures to prevent this from happening to them.

[Ever-young]

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 ...

He didn't lose focus, he lost money... $3M is a lot of money, but not for him, I think he can afford to lose this amount. I like what he said about gambling and life, he is pretty much an honest guy with some crazy life experience, so I think he can be trusted. Life is full of ups and downs, and sometimes crazy shit happens to us, but instead of crying for losses, we need to suck it up and continue fighting. I agree with him that people who fight with depression should stay away from gambling (and social networks), and people who have a hard time when it comes to dealing with downturns should stay away from gambling.

Anything can be used as a way to learn more about the world and about ourselves, and while there is no doubt that we must not follow his example, at the same time this could be a good lesson for the many people out there that believe this could not happen but only to those that are addicted, but this is not true, losing control for a single night and lose so much money that your life could take a turn for the worse can happen to anyone, and the sooner people understand that, the easier it will be for them to take measures to prevent this from happening to them.

You are completely correct that everyone is vulnerable to making mistakes and falling into the trap of overspending and addiction, whether in gambling or any other form of dangerous behaviour. People sometimes don't know they have a problem until it's too late. It affects not only those who are "addicted," but also anybody who lacks the necessary knowledge and awareness to grasp the risks and repercussions of what they're involving themselves into.

[nelson4lov]

He didn't lose focus, he lost money... $3M is a lot of money, but not for him, I think he can afford to lose this amount. I like what he said about gambling and life, he is pretty much an honest guy with some crazy life experience, so I think he can be trusted. Life is full of ups and downs, and sometimes crazy shit happens to us, but instead of crying for losses, we need to suck it up and continue fighting. I agree with him that people who fight with depression should stay away from gambling (and social networks), and people who have a hard time when it comes to dealing with downturns should stay away from gambling.

While I'm of the opinion that gambling is not for the faint of heart, I'm really surprised how you would easily proclaim him to be trusted and honest? Unless you know the guy personally, you might want to take whatever he said especially experiences with a grain of salt.  Gambling is a risky business and only those that have the stomach to take on negative outcomes, should indulge. In my experience, losing a bet is hurtful for everyone but some people have come to the realization that you're never going to win all. You will win some and lose some.

At the end of the day, staying pessimistic makes it easier to deal with gambling outcomes. This way, you're not surprised or disappointed by the outcome if it doesn't go your way.

[fullhdpixel]

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.

You are right about alcohol because it is also written in the first post. Mistakes can happen not only for the drinkers but if we are more careful, we can minimize or prevent them. The only moment gambling became very risky is when we are staking with huge amounts. A small mistake is only small but they can be deadly sometimes. If only we deposit money that are not huge enough, it's not going to be a big deal losing them all at one go. Gambling under the spirit of alcohol does not guarantee a loss. I remember some also ended up with a huge win but it does not mean that we will now follow it. Some activities should be done separately.

[bittraffic]

Just an update. Dana admitted he lost $8M on Blackjack in one night. https://youtu.be/J4-28fzeSaU?t=3191

In the video of this OP, he only lost $3M that night but this is another story.


4:20 - We Got Dana White a Present!
6:20 - Dana White on Kamala Harris
9:55 - Dana White’s Conversation with Donald Trump After Assassination Attempt
13:50 - Abu Dhabi Story
21:20 - The Las Vegas Sphere
30:00 - The Growth of the UFC
38:00 - Dana White on Jake Paul
44:05 - Dana White on Conor McGregor
46:15 - Dana White on Feeling Discouraged
51:45 - Gambling
1:00:20 - SteveWillDoIt and Adin Ross
1:03:20 - Bob Menery Gives Dana White a Gift!

[Oluwa-btc]

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.

Definitely,we learn each day from such experience and stories and it's an eye opener to the upcoming generation that still want to gamble and make money out of it,and again gambling when depressed, emotional,angry and so on its not favourable to oneself.
Youight be thinking,yeah I'm depressed and need air out myself so you just dive into gambling and then cause you mind isn't stable,you might just gamble with a huge sum and end up loosing after all which will even generate an advance depression on you.

And he's very correct to have said that winning and loosing it's a criteria for gambling that comes with both good and bad effect of which any gambler should know about.

[khiholangkang]

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.

Definitely,we learn each day from such experience and stories and it's an eye opener to the upcoming generation that still want to gamble and make money out of it,and again gambling when depressed, emotional,angry and so on its not favourable to oneself.
Youight be thinking,yeah I'm depressed and need air out myself so you just dive into gambling and then cause you mind isn't stable,you might just gamble with a huge sum and end up loosing after all which will even generate an advance depression on you.

And he's very correct to have said that winning and loosing it's a criteria for gambling that comes with both good and bad effect of which any gambler should know about.

The right word and the reason why he lost more money in the story given by the OP is that he gambled when he was drunk, his logic was unconscious and only relied on emotionality at such times, of course if the brain is unconscious and drunk, no matter how much is spent at such times we will not be afraid, because the decisions made are not in the sense that sober people should gamble, I think it's because his position is unconscious.

Of course we need to learn from this, never gamble when drunk and or mental state of mind in a bad situation because it will affect emotionality when playing.
 

[bering]

Just an update. Dana admitted he lost $8M on Blackjack in one night. https://youtu.be/J4-28fzeSaU?t=3191

In the video of this OP, he only lost $3M that night but this is another story.


4:20 - We Got Dana White a Present!
6:20 - Dana White on Kamala Harris
9:55 - Dana White’s Conversation with Donald Trump After Assassination Attempt
13:50 - Abu Dhabi Story
21:20 - The Las Vegas Sphere
30:00 - The Growth of the UFC
38:00 - Dana White on Jake Paul
44:05 - Dana White on Conor McGregor
46:15 - Dana White on Feeling Discouraged
51:45 - Gambling
1:00:20 - SteveWillDoIt and Adin Ross
1:03:20 - Bob Menery Gives Dana White a Gift!

Dana White has been admitted that he lost 8 million within one night at Blackjack game and when the host asked him does he don't want to recover his loses or not then Dana White has been answer he was never thinking about that and leave the game however Dana White has a net worth more than 500 million so i am sure lost 8 million isn't big problem for him because although he lost millions dollar through an gambling but he hasn't thinking to stopped his habit

Do not forget too Dana White can be called as the professional gamblers and besides can earn money as UFC president his source of income also came from gambling and  if i am not mistaken on 2021 he banned from playing at the Palms casino Las Vegas because at that time he was successfully to beat that casino with gets 1.6 million from Blackjack too

[HelliumZ]

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 absolutely right because gambling is all about loss and profit. Gamblers who will not participate in gambling solely because of fear of loss are not gambling at all but rather should lie locked in their room. It will not be the case that I will not go out on the road for fear of an accident because to reach the destination one must go out on the road just as one must accept to experience profit or loss in gambling.  If we participate in gambling then we must face profit or loss because this is the eternal rule of gambling.

[AmoreJaz]

Dana White has been admitted that he lost 8 million within one night at Blackjack game and when the host asked him does he don't want to recover his loses or not then Dana White has been answer he was never thinking about that and leave the game however Dana White has a net worth more than 500 million so i am sure lost 8 million isn't big problem for him because although he lost millions dollar through an gambling but he hasn't thinking to stopped his habit

Do not forget too Dana White can be called as the professional gamblers and besides can earn money as UFC president his source of income also came from gambling and  if i am not mistaken on 2021 he banned from playing at the Palms casino Las Vegas because at that time he was successfully to beat that casino with gets 1.6 million from Blackjack too

As we put it this way, Dana is a high-roller. So the amount involved may not be significant for him but only for other gamblers. Besides, he can also easily get it back from his other game sessions. With his net worth, we can say, he can very well afford to have such kind of gambling lifestyle. So there's no big deal on this scenario.

[2Pizza410000BTC]

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 not right to gamble while drunk, he may have said such things while drunk. I'm sure it will hurt a lot if he's healthy. 3 million dollars is a huge amount that he cannot feel drunk. One should not participate in gambling while drunk because then a person's brain is not normal. When we participate in gambling we participate in the game of winning and losing, but when we are drunk we do not participate in gambling and we participate in this gambling only for entertainment, no pain even if we lose. Also, since we gamble for fun, we gamble with a very limited budget and we don't feel any pain if we lose the budget. It is better to have fun with a small amount of money to have fun.

[Dave1]

Dana White has been admitted that he lost 8 million within one night at Blackjack game and when the host asked him does he don't want to recover his loses or not then Dana White has been answer he was never thinking about that and leave the game however Dana White has a net worth more than 500 million so i am sure lost 8 million isn't big problem for him because although he lost millions dollar through an gambling but he hasn't thinking to stopped his habit

Do not forget too Dana White can be called as the professional gamblers and besides can earn money as UFC president his source of income also came from gambling and  if i am not mistaken on 2021 he banned from playing at the Palms casino Las Vegas because at that time he was successfully to beat that casino with gets 1.6 million from Blackjack too

As we put it this way, Dana is a high-roller. So the amount involved may not be significant for him but only for other gamblers. Besides, he can also easily get it back from his other game sessions. With his net worth, we can say, he can very well afford to have such kind of gambling lifestyle. So there's no big deal on this scenario.

Yeah, he has a lot of money, and so losing millions might not affect his net worth and he could still gamble and recover that losses from casinos as he is a high roller. He had his business empire already and majority of us here are fans and at some point, we might have buy PPV fights and so we contribute money to him already,  .

But his advise is to those average gamblers like the rest of us, if we go and play and get drunk, then it's a bad combination as you are confused with you judgement. And then you increased your risk taking that if you are normal you won't do that kind of betting. So it's very important that when we gamble, we have a clear mind and self-control.

[libert19]

I like it when he tells people to take up responsibility when they lose big in casino and blame free alcohol drinks provided by them.

Pretty intelligent of casinos though I must say to make people lose money but still people are not forced to do so, so I guess we can't blame casinos much, can we? If they were to remove drinks, I'm sure more people would be sad about it than otherwise.

Should we call this a deliberate act by the casinos business owners who exploited him by giving him excess alcohol knowing fully well he could afford as much money as he could possibly lose in that gambling session?, or his carefree attitude that incurred such Loss for him. $3m is a huge money to loose to a casino. Perhaps he's filthy rich and is not bothered, rather advises people of the true nature of gambling.

If you watched video, he answered that himself. Anyhow, I'll quote it for you:

"Alcohol is free, but you don't have to drink it".

[Samlucky O]

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 quite unreasonable for someone to gamble under the influence of alcohol. Being tipsy can be catastrophic and disastrous in the sense that you lose your sence of reasoning and gamble above your programming. Similar case like this has been discussed here before. Emagine the trauma he will face when he realised that he has spent $3m instead of $80k. This is to let us know the level of his tipsyness. The truth of the matter is that we should be careful not to gamble under the influence of alcohol or not to gamble when we are depressed otherwise we lose more instead of winning due to greed and aggression.

[ethereumhunter]

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 absolutely right because gambling is all about loss and profit. Gamblers who will not participate in gambling solely because of fear of loss are not gambling at all but rather should lie locked in their room. It will not be the case that I will not go out on the road for fear of an accident because to reach the destination one must go out on the road just as one must accept to experience profit or loss in gambling.  If we participate in gambling then we must face profit or loss because this is the eternal rule of gambling.

Gambling is about win and lose so we must know how to treat gambling and not just chase the win. If we can not hold ourselves from playing gambling excessively, we will lose much money and can get depress because of our losses. If you afraid of big lose, you must always prevents the lose and manages your bet not to break your limit. We can playing gambling moderately so we don't feel stress or depress when we lose our money because that money is the money we can afford to lose.

Win and lose can happen anytime so we must be ready with that and don't use too much money to playing gambling. No matters what gambling games you play, you will have a big chance to lose your money and that lose will be bigger when you lose control of yourself. We must learns from other people's experience especially how they lose their money in gambling so we can gets something to ourselves and can avoids the lose not to becomes bigger.

[DaNNy001]

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's important not to engage in gambling when you are intoxicated or under the influence of alcohol, this can affect your logical reasoning and Make you do unreasonable things..it's true that rich people lose more because they have more to spare than someone that's poor, only someone with unlimited wealth can lose such an amount of money but is this also part of having fun? How can you play with what some might consider to be generational wealth to them...No matter how much money you think you have going this far doesn't make any Sense

[Pandu Geddon]

only someone with unlimited wealth can lose such an amount of money but is this also part of having fun?

when he plays while drunk, he thinks it's fun. but when he wakes up from his drunkenness and sees the amount of money he lost in gambling, he will still regret it. no matter how rich he is, maybe it's a small part of the money he has, but still collecting that much money must take hard work.

if you want to gamble, then avoid drinking first. if you are drinking then never think about gambling. whether it's in an online or physical casino, you still shouldn't lose control of your consciousness when gambling.

[carlfebz2]

only someone with unlimited wealth can lose such an amount of money but is this also part of having fun?

when he plays while drunk, he thinks it's fun. but when he wakes up from his drunkenness and sees the amount of money he lost in gambling, he will still regret it. no matter how rich he is, maybe it's a small part of the money he has, but still collecting that much money must take hard work.

if you want to gamble, then avoid drinking first. if you are drinking then never think about gambling. whether it's in an online or physical casino, you still shouldn't lose control of your consciousness when gambling.

I dont really believe that someone wont really be feeling up that kind of regret on the moment that they will really be losing up that big time. Even if you are drunk but on the moment that you
wake on on tomorrow and find out that you have lost up too much money then you will definitely be punching up the wall on why you have done that. Its never been that recommended on taking up
some bets while you are drunk because your decision making will really be clouded, you cant be able to think up well because of influence of alcohol. So its a normal thing that
you wont really be caring much about on the money that you would really be betting on.

[Gozie51]

only someone with unlimited wealth can lose such an amount of money but is this also part of having fun?

when he plays while drunk, he thinks it's fun. but when he wakes up from his drunkenness and sees the amount of money he lost in gambling, he will still regret it. no matter how rich he is, maybe it's a small part of the money he has, but still collecting that much money must take hard work.

if you want to gamble, then avoid drinking first. if you are drinking then never think about gambling. whether it's in an online or physical casino, you still shouldn't lose control of your consciousness when gambling.

I dont really believe that someone wont really be feeling up that kind of regret on the moment that they will really be losing up that big time. Even if you are drunk but on the moment that you
wake on on tomorrow and find out that you have lost up too much money then you will definitely be punching up the wall on why you have done that. Its never been that recommended on taking up
some bets while you are drunk because your decision making will really be clouded, you cant be able to think up well because of influence of alcohol. So its a normal thing that
you wont really be caring much about on the money that you would really be betting on.

This drinking is a culprit for so many actions that people take and later they regret it. It creates a kind of hyper impulse that looks alright in that intoxicated state but after that comes the reality. People drink and say certain repulsive things just because they can't say such in their sane state of mind .

This is why we need to gamble with complete and right frame of mind so as to maintain that limit percentage that we have decided to gamble with. In the case op, he over shoot his budget and doesn't even realize it because he has been in a state where nothing matters again.

There is a solution to this kind of action and that should be to take away your funds from where it will be easily accessible so that when you are going beyond your initial budget, you will not find it easy to access your funds. It is better not to cause yourself financial bankruptcy because you are intoxicated.