GAMBLE RESPONSIBLY

[Webetcoins]

How will someone have that amount of money and decided to gamble with it to make profit. It shows that the man is greedy and thinks he can use gamble to double his money. Unfortunately for him he ended up losing all his life saving.

Gambling with an amount that he cannot afford to loss was where he went and chasing his losses. I don't know what he will do now that he has lost everything to gamble due to his own carelessness amd greed.

It is said that it was his life savings and then it is said that he only started with 12k dollars. 12k dollars seem huge even for a huge saving person like him, so I think his aim to gamble that time is to make a profit but if this was his first time (which I believe is) then that was the start of his biggest mistake.

Gambling can really double, triple, etc... our money but it's just that it's a bit risky compared to others and this is why it's not recommended. It's funny that we always hear the advice of risking only what we can afford to lose, when in fact we automatically did it but it's just that it's also in our nature to not accept a defeat easily, this is why we are only getting screwed. Let's only hope for the better at him.

[mirakal]

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

Some gamblers find it hard to process their right thinking, most of them will just fail and lose big before realizing that they are doing wrong. That is why hearing this piece of advice won't easily be digested in the minds of greedy gamblers, they will listen but no action has been made as they still continue doing what they believe is right (even if it is wrong).

Gambling responsibly is easy to say --but hard in reality. And I say why? This is because there are a lot of temptations in gambling especially if you have a lot of money in your hands. Many gamblers never stop gambling until they become empty.

[retreat]

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

Cases like this have happened several times, and every time I hear news like this I am always surprised to see how much money they spend just to chase their losses. Especially in this case, 400k USD is not a small amount of money, it is a lot of money, and how he used it without thinking makes it clear that he is an aggressive and irresponsible gambler. This can be a lesson for us gamblers and also a reminder that when you are irresponsible and cannot control yourself not to gamble, then what will happen is that you will become like this man - who acts only based on your lust and your greed, and in the end you will lose all your money, and that will not only harm you, but also your family who shouldn't feel that way.

[dansus021]

GAMBLE RESPONSIBLY yes you need this there are bunch of case people lost life saving or other same thing like this and even worse some people can hurt someone if cant control the emotion. If you look at the streaming service like KICK.com you gonna see people very easy bet with 10K of money or higher and heck you hear the news about

TLDR. Drake has lost over $1 million in Bitcoin through sports betting on recent NBA and NHL finals. He lost $500,000 in Bitcoin betting on the Dallas Mavericks to win the NBA finals, and another $500,000 on the Edmonton Oilers in the Stanley Cup Finals https://blockonomi.com/drakes-1-million-bitcoin-loss-a-case-study-in-celebrity-crypto-betting

[YOSHIE]

If, what I have quoted is an actual fact, I must admit it.

Gambling responsibly is easy to say --but hard in reality. And I say why? This is because there are a lot of temptations in gambling especially if you have a lot of money in your hands. Many gamblers never stop gambling until they become empty.

I have a friend who is much more established in financial matters, you could say he is a rich man, unfortunately gambling backfired on him, it was caused by the responsibility factor, as you said.
He had several times taken responsibility for the money used in online crypto gambling, but what happened was the opposite, greed and lust consumed everything he had, Now it's back to square one where he has to work hard to get it all back, without gambling responsibly.

[Jody.Drummer]

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

Cases like this have happened several times, and every time I hear news like this I am always surprised to see how much money they spend just to chase their losses. Especially in this case, 400k USD is not a small amount of money, it is a lot of money, and how he used it without thinking makes it clear that he is an aggressive and irresponsible gambler. This can be a lesson for us gamblers and also a reminder that when you are irresponsible and cannot control yourself not to gamble, then what will happen is that you will become like this man - who acts only based on your lust and your greed, and in the end you will lose all your money, and that will not only harm you, but also your family who shouldn't feel that way.

Yes that's completely true, however that amount is a very large amount for most people, and of course it is really difficult to accept the fact or situation that you lost that amount just by gambling, and as you said that from the amount of defeat then we can already conclude about how aggressive the person is in treating his gambling. And the incident started due to not being able to accept or take responsibility for the previous loss which ultimately made the person trapped in the act of chasing losses which ultimately made him lose more significant amounts of money.

Right, in conclusion, the incident is really a lesson for us that when we cannot be a responsible gambler then yes, of course in the end the downturn will befall us, and that is very certain. So the point is to try to improve your approach to gambling, try to only make decisions that are in accordance with our abilities, limit the acceptance of victory and learn to be responsible for all the decisions we have made.

[CryptoHeadlineNews]

There was a recent case in Australia where a man lost his entire life savings of $400,000+ in a 48 hour gambling spree.

The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.

There is a difference between gambling responsibly and gambling out of stupidity and greed, and it's obvious the person O.P is referring to is likely to have gambled out of stupidity and greed, because if it's not, how will a user constantly keep wagering $12,000 and be losing, and his common sense couldn't tell him to stop when the loses were getting out of hand. Hence, inasmuch as gambling responsibly is very important, trying to develop yourself into a stage where you can't allow your emotions get you carried away is one factor to always consider too.

[aioc]

The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.

At one point we all have this bad experience It is just bad for the guy that the amount is just too high, when you lose an amount that you can't afford to lose, you'll be tempted to try and win it back and that's what exactly happens to the guy, on the process of trying to win back our losses we forget the amount that was left to us
It happened to me before just glad that the amount is not my lifetime savings, but I learned a lot from that loss.

[dezoel]

I know this is common sense to the majority of people on this forum but I can't stress how important it is to gamble responsibly.

There was a recent case in Australia where a man lost his entire life savings of $400,000+ in a 48 hour gambling spree.

The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

Chasing losses can be destructive, there is no doubt about that, and I'm sure that the guy didn't start his bets with $12,000 as his first base bet but he probably reached that point by chasing smaller losses first because for someone having $400k as their total net worth wouldn't start betting with $12,000 which is 3% of the total amount and only a multi-millionaire can do that.

I'm also pretty sure they were very anxious and having mixed emotions when they placed that $12,000, hoping that they might win this one and recover everything they have lost so far and exit with a relief but he failed and that is what happens in gambling, the results of your bets are usually the opposite of your expectations and hopes.

[SmartGold01]

This what we face when we don't apply cautiousness when gambling, it is almost in all gambler whenever they are gambling and see their account balance being emptied it won't even occur to them that is time to stop and exit from gambling site. It will only be down on them when they finally swiped their bank account zero level especially when they have access to their entire life savings it will easily lead to misfortune and setback. Like I always says they should plan their amount to used for gambling it could be 1-5 percent of their weekly/monthly income with this when that amount is exhausted then they don't have alter any other further money from their personal accounts to fund their gambling site, I know lot of us here are hard time gamblers who are trying all means to scale up their earning by gambling consistently.

[carlfebz2]

I know this is common sense to the majority of people on this forum but I can't stress how important it is to gamble responsibly.

There was a recent case in Australia where a man lost his entire life savings of $400,000+ in a 48 hour gambling spree.

The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

Chasing losses can be destructive, there is no doubt about that, and I'm sure that the guy didn't start his bets with $12,000 as his first base bet but he probably reached that point by chasing smaller losses first because for someone having $400k as their total net worth wouldn't start betting with $12,000 which is 3% of the total amount and only a multi-millionaire can do that.

I'm also pretty sure they were very anxious and having mixed emotions when they placed that $12,000, hoping that they might win this one and recover everything they have lost so far and exit with a relief but he failed and that is what happens in gambling, the results of your bets are usually the opposite of your expectations and hopes.

One of the main reason on why gambling is really that a profitable business just because into those people who do really keep on chasing up their losses on which we know that on the moment that you would really be on such condition then you are really just that making yourself be potentially be experience those possible worst case scenario specially on speaking about losing money. On the moment that you do find yourself
that being too impulsive towards gambling and really that trying to chase up those loses then better to stop midway and dont intend to do such thing because it would really be that worsen up the situation and this is something that you should really be needing to look upon and not really just that making yourself to be that delusional. Gambling is really just that for fun and not for making money because once you do end up with this kind of thinking or mindset then expect that sooner or later you would really be ending up on that huge devastation.

[DubemIfedigbo001]

The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.

When a mistake is made, you've two options,  trying to correct the mistake and cover up for your error and learning from your mistake, moving on and making amends in futuristic activities.  

Choosing the first one is a big error.  Most times trying to cover up our errors results in bigger errors. This man in question was a victim of the first option and he paid dearly for it with his entire life savings.

Nothing is more destructive in gambling than chasing your loses. It always leads to more loses and bigger regrets at a later time. If he had quietly left with his initial loss and maintained his peace, he wouldn't be in such l loss presently.

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

Good for you, you've chosen the better approach to gambling which will never disappoint you in your gambling activities. I hope you  keep following your own advice for sanity sake.

[Z_MBFM]

I know this is common sense to the majority of people on this forum but I can't stress how important it is to gamble responsibly.

There was a recent case in Australia where a man lost his entire life savings of $400,000+ in a 48 hour gambling spree.

The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

No one can deny a loss in gambling. Because of this, you never have to use everything to gamble. Gambling companies use various tactics to make gamblers panic which later bankrupts a gambler. Why should you fight against what you cannot afford? It is foolish to do these things and those who do such things can never do anything good. Life is a game, one who can pass every step of his life very carefully becomes a success while others are failures.

[Tmoonz]

I know this is common sense to the majority of people on this forum but I can't stress how important it is to gamble responsibly.

There was a recent case in Australia where a man lost his entire life savings of $400,000+ in a 48 hour gambling spree.

The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

Gambling is a game there is no 100 percent guarantee of winning, there are gambling uncertainty which one can not control no matter how long you have been in to it or how professional you think you are, one don't need to completely rely on it for any reason. However , the best advice has always been to gamble within your reach or limit which you can bear in the case of loss, chasing losses is one big habit that can be problematic as it can lead to addiction, stick to only what you can afford to lose and don't Chase losses or gambling in terms of prioritizing profit maximization.

[Huppercase]

I know this is common sense to the majority of people on this forum but I can't stress how important it is to gamble responsibly.

There was a recent case in Australia where a man lost his entire life savings of $400,000+ in a 48 hour gambling spree.

The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

I wish there is a management control from casinos to prevent people from making such kind of decisions to gamble but that is what casinos are there for, to give you what you won and to take what you bet but many gamblers don't understand this. Many people don't even know that gambling isn't done in a way for them to win it simply, even if you do you will have to earn it by putting all your time into it and it's even possible not to win anything even if you invest your soul in gambling.

Nothing beat responsibility in gambling bur what some gamblers don't understand is that they think that when they bet and lose it and there is more funds available, they may have luck along the way and win a jackpot that will be in hundreds or thousands of what they have loss to the gambling but the iteration of casino games doesn't work like that, the fact that lose now doesn't mean you wouldn't lose the next one that's every gambler must gamble responsibly.

[Doan9269]

Once a person have learnt his lesson then no one is required to tell him on what to do in subsequent time later in future, but the question to be asked here is that must we have to learn from our mistakes before we wise up, many are trying hard to get the right thing being done and be on track while some are just busy around wasting down their opportunities before they never realized what they are going to loose, by now no one should preach any good to him because he has learnt his own the hard way.

[Zigabel]

I know this is common sense to the majority of people on this forum but I can't stress how important it is to gamble responsibly.

There was a recent case in Australia where a man lost his entire life savings of $400,000+ in a 48 hour gambling spree.

The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

A very good advice but the challenge of keeping to it is what bothers me the most because i believe you can only get to been disciplined enough if you are determined to keeping to it but sadly most gamblers only try to keep to it only when they are broke and don't have the funds to gamble any further but away from that, you find out that they still end up gambling all they have got before they will then have to stop gambling of which like the case of this man, they might have ended up loosing all of their life savings and in some cases loosing funds that was actually kept for something else. Chasing losses has been another of one big challenge that gamblers who has got almost no control suffer because for they they always have hope and believe that they can be lucky by the next game.

[promise444c5]

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

Cases like this have happened several times, and every time I hear news like this I am always surprised to see how much money they spend just to chase their losses. Especially in this case, 400k USD is not a small amount of money, it is a lot of money, and how he used it without thinking makes it clear that he is an aggressive and irresponsible gambler. This can be a lesson for us gamblers and also a reminder that when you are irresponsible and cannot control yourself not to gamble, then what will happen is that you will become like this man - who acts only based on your lust and your greed, and in the end you will lose all your money, and that will not only harm you, but also your family who shouldn't feel that way.

Everything will always be traced back to having a false hope of winning it back somehow, that sh*t is a motivation  to doing something awful... don't  know how he will cope with life or his current state now after losing his life savings (let's assume 30~35 years of hard saving) just in a single night sure he will be seeing a therapist more often... don't know how this won't torment him FR.

[Hispo]

I know this is common sense to the majority of people on this forum but I can't stress how important it is to gamble responsibly.

There was a recent case in Australia where a man lost his entire life savings of $400,000+ in a 48 hour gambling spree.

The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

I would be helpful if you also included the source of the news about that man Lossing all his money to the casino, by the way. Not that we doubt your story (because it seems perfectly possible and it would not be the first time something like that happened to a gambler), but I assume there will be people here in the gambling section who feel curious and would like to read the article by themselves.

Also, I don't think it is an obvious thing to say we are supposed to be careful with our money when comes to casinos, actually, I am okey with some thread now and then coming up here so people can recall what they are never supposed to do when dealing with casinos.
Unfortunatelly, that man from Australia learnt the hard way about it, I hope he is okey by the way :c

[DaNNy001]

I know this is common sense to the majority of people on this forum but I can't stress how important it is to gamble responsibly.

There was a recent case in Australia where a man lost his entire life savings of $400,000+ in a 48 hour gambling spree.

The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.

I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.

This is basically the first rule of gambling and the funny thing is that despite the fact that so many people are aware of this rule they still fall victim of the rule. Some gamblers actually go into gambling with the intentions of actually making little profits but the mistakes they make is that they go in with a very huge bankroll and when you start with such bankroll you will definitely lose and losing your money might trigger you to continue playing which at the long run might make you lose lots of money.