Huge win that turn into loss scenario

[KingsDen]

That’s the trick. When you are addicted to gambling, you’ll lose eventually because even if you win lots of money, you will always come back to win more but then you’ll lose what you won earlier and then some more. It is because the games are designed that way. Mathematically you are bound to lose in the long run. That’s how the casinos survive. That’s why casinos rarely go bankrupt unless someone cheats or an insider steals from the owner. The house has the biggest advantage over the players. They have the math on their side.

This is the angle that I am coming from my own, what we need to do is to avoid being addicts. Gambling addict will win and still leave it on the platform and later run on losses. Even if he eventually withdraws the money to fiat, he will in one way or the other still deposit the money back into the gambling  platform and lose all and even deposit more and more and lose. The best thing to do is learn to be disciplined and have a budget, beyond which you are not willing to gamble again. It is this set budget and your ability to control it that will set you free.
Then will you develop the habit of not gambling again even if the money is in the platform because you have hit your max budget.

[Jating]

I’m many can relate to this situation since most of us becomes extremely greedy whenever we already have huge profit then slowly you are losing it due to bad lose streak.

This happened to many times when I already have huge profit such as x2 to x5 of my bankroll. I usually hangout out for more gambling but place only small bet on slot games. This small bet turns into increasing bet when losing badly u til I already buying bonus that keep losing too until I bust all my bankroll.

Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and convert to fiat via exchange P2P to avoid gambling again for more win.

Yes, everyone can relate and it's called greed, it's because you think that you are very lucky and that you feel invincible. But just one simply mistakes, that one game that you will lose will into a disaster and you somewhat wanted to recoup that and win back but then your luck chances and then you are suckered to play more and more until you losses your win and your capital.

So that best thing is to really snap out of it, withdraw it. Regardless if you exchange it to fiat or just sit it in your wallet, the best thing to do is to withdraw your winning. And good that you were able to overcome that weakness because for some, it's really that hard.

[rahmad2nd]

An experience we have repeatedly as gamblers, sometimes when we have doubled our initial bankroll many times over. Often times we get carried away with continuing the game session, especially slot games which are very simple without having to involve skills. Even if someone has good self-control, it is not impossible for someone to lose control and get carried away when playing. especially, when the game delivers good shots.  Unfortunately, in the long run our winnings gradually decrease and eventually run out. that's why self-control is difficult to do. because our psychological condition must be in good condition. if not, someone is even willing to spend time playing slots or other gambling.

Things with the words greed, in the world of gambling it is difficult to define it. the reason is, we bet using money. So, in return you can win a decent or big fortune. The problem is, sometimes we think the game we are playing is good. that's why, perhaps most of us continue gaming sessions. Moreover, if in the shortest possible time we get multiplication with very large rewards. It seems like we haven't really enjoyed the sensation of the game, which sometimes many gamblers continue. Gambling is complex for me personally, where we interpret gambling itself. We have actually discussed it many times, that one must make rules with limits for each game and know the limits of money that can be lost. It's just that this idea often doesn't work consistently in every betting session we do.

[robelneo]

I’m many can relate to this situation since most of us becomes extremely greedy whenever we already have huge profit then slowly you are losing it due to bad lose streak.

I prefer to attribute this to the adrenaline rush we already have but we want more, it's like striking it when the iron is hot but unfortunately, it will not work on gambling based on the odds.

This happened to many times when I already have huge profit such as x2 to x5 of my bankroll. I usually hangout out for more gambling but place only small bet on slot games. This small bet turns into increasing bet when losing badly u til I already buying bonus that keep losing too until I bust all my bankroll.

I experienced this many times as if I'm hypnotized by the numbers, and after losing everything I have nothing left but to ask what happened to me.  

Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and converting to fiat via exchange P2P to avoid gambling again for more win.

Gamblers who fail to learn will have to endure losing a lot of money and possibly their mind.

[LogitechMouse]

I’m many can relate to this situation since most of us becomes extremely greedy whenever we already have huge profit then slowly you are losing it due to bad lose streak.
~
Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and convert to fiat via exchange P2P to avoid gambling again for more win.

All gamblers have this kind of feeling that's for sure. The feeling of you having that adrenaline rush because you feel that you have a lucky day since you're winning consistently... until it came to a point where all of that luck is gone already, and instead of stopping, you choose to gamble it all hoping that the luck that you once have will return again. Unfortunately, it didn't happen and you lost all of your money. That kind of scenario happened to me. Consistent winning - adrenaline rush and choose to continue - lost all of my money.

The problem with me is that, whenever I win, I only withdraw my winnings and I keep my initial capital, and when my capital lost, I will deposit my winnings again until I lost it as well. With what OP said, I guess I'll convert it immediately into fiat, or invest it into other coins as soon as I withdraw it, and I'll withdraw ALL of it now instead of keeping my initial capital on the exchange.

[$crypto$]

When we have made a big win our desire continues to want to play, maybe the initial intention was only with the smallest bet possible because feeling unsatisfied finally increased the bet without realizing it spent all the money won, so if you think it's better to withdraw some of it than to keep all the winnings in the account, it feels like you want to keep playing.

Same scenario but this is in sports betting not slot games.
With a capital of $50 getting a 3x win, of course it's good, isn't it if I withdraw $100 and leave another $50 to bet, because of confidence in the match the odds are also quite high, finally placing a bet again with two matches and one more match to follow, what happened the bet lost because the EURO match was difficult to predict, finally losing all the money won before.

[bitbollo]

after an huge win, people try to bet "as much as they can" = they are feeling lucky... but if they start to loss, they will try to recover the amount loss and it's not uncommon to waste huge amount of money.

there are many solutions to avoid these "black outs". First of all, have a budget and a clear money management of your fund.
Try always to move you funds (likewise in case of win) to a cold wallet. People that use crypto have this good habit!
Don't gamble just for trying your luck, maybe just use only a trivial amount and thats all.

[Nwada001]

This happened to many times when I already have huge profit such as x2 to x5 of my bankroll. I usually hangout out for more gambling but place only small bet on slot games. This small bet turns into increasing bet when losing badly u til I already buying bonus that keep losing too until I bust all my bankroll.

Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and convert to fiat via exchange P2P to avoid gambling again for more win.

The fastest way to lose big in gambling is by buying bonuses, as that method can increase the amount you win in a single win. That's also how it leads to losing big when you lose a one-time wager with that bonus. I always just avoid buying bonuses in order to retain my minimum single wager amount. 
 
It's good to see that after how many times you might have fallen victim to losing all you win back to the gambling industry, you were able to make a withdrawal this time, showing that you have learned how to overcome that thing that keeps triggering you to continue playing after the winning.

[Sim_card]

after an huge win, people try to bet "as much as they can" = they are feeling lucky... but if they start to loss, they will try to recover the amount loss and it's not uncommon to waste huge amount of money.

there are many solutions to avoid these "black outs". First of all, have a budget and a clear money management of your fund.
Try always to move you funds (likewise in case of win) to a cold wallet. People that use crypto have this good habit!
Don't gamble just for trying your luck, maybe just use only a trivial amount and thats all.

I will add to what you said that greed is also part of what will make a gambler not withdraw his wins because he wants to win more and before he knows it he will lose all his bankroll. Some gamblers don't have self control over their gambling activities and such gamblers might find it difficult to manage the risk of losing more to gamble by not setting a gambling budget and not withdrawing their funds at the right time from the casino.

[Mr.suevie]

I’m many can relate to this situation since most of us becomes extremely greedy whenever we already have huge profit then slowly you are losing it due to bad lose streak.

This happened to many times when I already have huge profit such as x2 to x5 of my bankroll. I usually hangout out for more gambling but place only small bet on slot games. This small bet turns into increasing bet when losing badly u til I already buying bonus that keep losing too until I bust all my bankroll.

Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and convert to fiat via exchange P2P to avoid gambling again for more win.

I think what actually happened to you is basically greed 101 and this is always the end result when you lack control or the need to be satisfied with the winning you have already gotten when you are playing on a casino. I have also experience this lots of time and the recent was when I was playing at playgram telegram casino, a really good casino at that too but I just flipped out when I tried winning to actually balance my bankroll to a whole digit of 50$ and thats when the loses started.

[KTChampions]

Even if I have small win, I withdraw it immediately. I do not let the money to stay in my gambling account.

But if I do not withdraw it and leave it on my gambling account and later I gamble and lose it. There is nothing there because it is just a small amount of money. But if I win huge amount, I do not think twice before I withdraw and I will call the day a luck day for me.

If I win and I do not withdraw, then what is the point of me gambling? I do not gamble for money but if I win I will withdraw almost all the money.

If you make a withdrawal, how do you start your next gaming session? Are you making a deposit? If it's so simple, what stops you from making a deposit at the wrong time (when you've lost control) and losing money? If making a deposit is not so easy, don’t you get tired of repeating this complicated procedure for depositing/withdrawing funds? And it also seems to me that no organization likes it when the customer constantly deposits/withdraws funds.

[Dailyscript]

Everyone wants to win big which is not bad at all. But the habit of winning big and then chasing more and more wins after will danger their entire bank roll which may turn out to be losses like you have said. I believe such persons might jump into this thread and this is the best place for them to hear possible ways to quit such habits. I have been in such situations and then I abstained from it because it might become a habit and am scared of having a negative habit of gambling.

My advice to such a person is simple, always withdraw your wins whether small or big make it a habit. If using a crypto casino in gambling then after winning always change the wins to fiat and then leave the capital there if you want to continue gambling or call it a day.

[Hatchy]

This happened to many times when I already have huge profit such as x2 to x5 of my bankroll. I usually hangout out for more gambling but place only small bet on slot games. 

As a responsible gambler, you should know when to stop and take a break it a good way to help you minimize you loss and maximize your wins. With every instance we make different strategy better than the previous. If we continue playing without considering a break we might eventually run out of luck and loss  back everything we have made for that round of gambling session.

Even if I have small win, I withdraw it immediately

If you make a withdrawal, how do you start your next gaming session? 

If I'm correct, he is only making withdrawals of his profits not his initial deposit and to me I see it as a very good strategy to avoid making potential losses. As a gambler we should be able to use any means to minimize our risk. Any thing can happen as many be ran out of luck which will eventually turn tables around for you. But by removing your profits, you know clearly that you aren't on the losing hand.

[ajiz138]

It is not strange that greed is a part of gamblers but when you realize that you have an advantage then it is better to withdraw and leave a little in the account to avoid losing all, I know that this tragedy is experienced by many of us before.

The point is that now I have started to be disciplined and don't want to overdo it anymore, when I have a pretty decent profit, say 5x the initial capital, I will withdraw leaving a little balance to bet again for the rest.

You do not do discipline, rest assured that no matter how big the profit you will not feel because greed will destroy everything.

[panjul07]

I’m many can relate to this situation since most of us becomes extremely greedy whenever we already have huge profit then slowly you are losing it due to bad lose streak.

This happened to many times when I already have huge profit such as x2 to x5 of my bankroll. I usually hangout out for more gambling but place only small bet on slot games. This small bet turns into increasing bet when losing badly u til I already buying bonus that keep losing too until I bust all my bankroll.

Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and convert to fiat via exchange P2P to avoid gambling again for more win.

You should have a winning limit, at least you have to withdraw when you are on winning situation before you continue playing.
This is what I usually do, when I manage to win 2x or even more from my initial deposit, I'll withdraw at least 75% of my balance then I continue playing for fun with the rest.
Of course it is not enough because even if you have withdrawn your profit, you can be triggered to deposit it back.
Greed is hard to control, no doubt about it but we should always try it as much as we can to minimize losing all what we have won.

[Adbitco]

This depends on the gambler who is gambling usually when you places bet and have winning what is next is to have your winning cashed out, because when you tried to place more bet with the winning pressure you wouldn't know when you are out of track where you keep betting and losing. It's always advisable to stay clear from casino/gambling site when there is huge win or any winning otherwise if continued losing is inevitable.

[hahay]

I’m many can relate to this situation since most of us becomes extremely greedy whenever we already have huge profit then slowly you are losing it due to bad lose streak.

This happened to many times when I already have huge profit such as x2 to x5 of my bankroll. I usually hangout out for more gambling but place only small bet on slot games. This small bet turns into increasing bet when losing badly u til I already buying bonus that keep losing too until I bust all my bankroll.

Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and convert to fiat via exchange P2P to avoid gambling again for more win.

The problem in gambling is only about greed and not having control or not having good patience. If these two factors are experienced then ofcourse you will only end up losing. But,  if you can overcome this problem, then of course you will be able to withdraw from gambling, no matter how much you withdraw. Because, when you can withdraw from gambling, it can be assumed that you have won.

But indeed, when you are in a winning position and of course you will think that it is a good moment for you to continue betting. But unfortunately, this problem is about greed because you are not satisfied with the initial victory you have obtained. Because with dissatisfaction like  that and at the same time you think you can still get bigger profits, then at that time there is also a big chance for you to lose everything and end up regretting it.

[Sandra_hakeem]

Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and convert to fiat via exchange P2P to avoid gambling again for more win.

...to avoid more winning or more unforseen loses? Mahn, I almost got twisted just by reading your post, but atleast I understood the scenerio you described.

It's not a new story that people have been falling a victim of wagering with their winnings just to see how much more they can win... There's absolutely nothing that this is attributed to apart from the big game changer, "greed". I heard most casinos would even go as far as taking advantage of that weakness; They raised the withdrawal process limit that you can only withdraw by wagering atleast 5 games...

This depends on the gambler who is gambling usually when you places bet and have winning what is next is to have your winning cashed out, because when you tried to place more bet with the winning pressure you wouldn't know when you are out of track where you keep betting and losing.

There's no assurance that for everytime you wager a ticket, it'll be a win.....so what pressure are you talking about? 

[carlfebz2]

I’m many can relate to this situation since most of us becomes extremely greedy whenever we already have huge profit then slowly you are losing it due to bad lose streak.

This happened to many times when I already have huge profit such as x2 to x5 of my bankroll. I usually hangout out for more gambling but place only small bet on slot games. This small bet turns into increasing bet when losing badly u til I already buying bonus that keep losing too until I bust all my bankroll.

Gladly, I overcome already this weakness through securing immediately my profit by withdrawing it and convert to fiat via exchange P2P to avoid gambling again for more win.

As a gambler, then theres no such thing about contentment on which on the moment that you do find yourself being that too greedy then you are just that basically putting up yourself on such big trouble on which on the moment that you do aim for something more then it would really be that making you desperate and not minding on securing the profits that you do make but rather be spending out more because you do want more.

Human beings are naturally greedy on which on the time or moment that you do find yourself being profitable.This is why self control would really be that relevant.

[GigaBit]

Everyone wants to win big which is not bad at all. But the habit of winning big and then chasing more and more wins after will danger their entire bank roll which may turn out to be losses like you have said. I believe such persons might jump into this thread and this is the best place for them to hear possible ways to quit such habits. I have been in such situations and then I abstained from it because it might become a habit and am scared of having a negative habit of gambling.

My advice to such a person is simple, always withdraw your wins whether small or big make it a habit. If using a crypto casino in gambling then after winning always change the wins to fiat and then leave the capital there if you want to continue gambling or call it a day.

Many times a gambler's big win makes them so confident that they won't lose there. It also happens that many people change their normal play style after increasing their bankroll. He tries to increase the amount of profit even more but when the result is reversed his winnings take so little time that even the gambler himself can never believe. This happens often. I have had such an experience. But the step that should be taken to get rid of this situation is that the gambler needs to set a boundary. After winning, one has to control one's greed.

Just remember "Rome was not built in a day", a gambler cannot become rich in a day. He must be gambling with time. It is best to get out of gambling with the prospect of getting rich. Many have become rich from the jackpot but it does not work equally for everyone. Gambling luck is also a factor that cannot be ignored. The gambler should remember that he can become rich as well as lose within seconds.