Huge win that turn into loss scenario

[Poker Player]

What people don't understand is that if you arrive at the casino and in the first few plays you make between x2 and x5 on your bankroll, it is not that you are on a run of good luck, so to speak, on the contrary, you have been too lucky, i.e. a variation on the average expected result, very much in your favour, which in the long run will tend to converge with the expected result, which was a loss.

To put it simplistically, if you have a bankroll of $10 and you place a $1 bet on a game with an RTP of 95, the expected result is $0.95. But if the actual outcome is a $50 big win, you have won $40.05 more than expected, and more than you will win in the long run on that type of play. The more you play, the closer that outcome is to the actual outcome. And keep in mind that every time you bet with an RTP of less than 100, you are earning negative compound interest, which means that in the end the money you bet will tend to 0, meaning you will lose your entire bankroll.

That's why I advise people like the OP, if they have a big win to withdraw the money and enjoy it, so it's good that he seems to have learned his lesson. There will be other days when you won't get those positive results and you won't be able to withdraw. Let's not let the day you can walk away with money from the casino turn into a catastrophe.

[lienfaye]

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.

Indeed. Greed is the problem for gamblers who have no contentment even they already win huge. It's because of their belief that they can gain more once they continue playing. Well, it's a human nature to be greedy sometimes, however we need to be wise to stop already and withdraw the profit. Chances are you'll only lose all of it if you didn't refrain yourself from playing. Those who already experienced such situation can relate and probably have a regret for not controlling themselves.

[Samlucky O]

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 safest way to scale through losing out streak is by securing your profit imidiately after win by fast withdrawal. otherwise you will be left with nothing in your bankroll. This has been a  major problem people usually face all the time. And it is basically greediness that causes such thing, I have been in such situations on several occasions where I keep on gambling till I lost all my bankroll and I have vowed to myself that I can never leave my bankroll after winning.

[junder]

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 safest way to scale through losing out streak is by securing your profit imidiately after win by fast withdrawal. otherwise you will be left with nothing in your bankroll. This has been a  major problem people usually face all the time. And it is basically greediness that causes such thing, I have been in such situations on several occasions where I keep on gambling till I lost all my bankroll and I have vowed to myself that I can never leave my bankroll after winning.

When gambling, we must be able to accept when the money we bet is lost because we need to remember that players only have a small chance of winning. So when you experience defeat, the thing to do is stop and leave the casino so you don't gamble again on the same day. and again another day, maybe luck can give us a win with the gambling we do, also when we have won, don't have any thoughts of getting more than we already got, thoughts like that of course lead to greed and can end in disappointment, also when we lose but still want to gamble and what happens is that the losing streak is due to greed because they really want to get a win that is based on luck.

What I have experienced is that when I have lost in a row I still force myself to gamble and even borrow money from my friends and how very lucky I am to be able to get a win that is many times the loss that has occurred, from that incident I am no longer interested in gambling online. Too much because it will only cause us harm in the future, even though luck will be on our side, that doesn't mean we have to gamble continuously even though we have experienced consecutive losses. That is not recommended.

[Kelward]

There was a thread that discuss exactly same like this, where the @OP ask what you will do if your bankroll went from $100 to $10 or $100 to $500. Since we're talking about in profit, the wise choices withdraw the profit which is $400 and then you gamble continue to gamble using your initial bankroll.

Even you loss your bankroll, but you're still earn $300.

When you gamble and have a huge win, don't be greedy and continue gambling to increase the win because there's a huge chance that you can loose everything. If you must continue to gambling for any reason, it's better to only gamble with the bankroll that produced the win and withdraw the won amount. If you lose the bankroll that you used to gamble again, then it's not too bad because you still have the actual amount won minus the capital. Gamblers needs to learn how to gamble on budgets, when you have diminished that budget whether you win or lose it's best to quit for the day.

[o48o]

There is really no reason to keep profits in the account. Ultimately this is not a slot on a staking platform, although I must admit that there are now casinos that allow crypto staking. But if your profits are gradually diminishing due to a series of losses, then there is no reason to continue playing and destroy your profits and your bankroll. In gambling, the role of luck is very large, and if it is not sports betting, then luck is absolute. If you have won a significant amount, then most likely you are unlikely to be able to repeat your winnings. No need to tempt Fortune.

One could argue that there's as much reasons to keep profits in he account as there are reason to put money in there in the first place. So, the real issue is, how much is that significant amount?

Op was talking about x2 to x5 of the bankroll, and frankly i don't see that as significant unless the money OP deposited is almost significant enough by itself.

And if you mean casinos where you are getting direct crypto rewards by staking, and not some other bonuses, i see that as a red flag. Because in order to really benefit from those, you need to hold significant amount, and i have hard time trusting that casinos that are offering those will be around for a long time,

Because regulations are tightening and those services are already more then questionable in regulatory sense, so i don't get a feeling that they have a long term plan, or plan to expand.

[EluguHcman]

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.

I am just thinking if we must only account winning on big odds because for me, if I can be lucky to win on little odds or little profits as much as I gambles, I will not hesitate to take that little profit for the day I go and then accounts little profits again next time and in sequence of my continues gambling, if can be continued being lucky on little winning and at a summary I have accumulated a huge profit without waiting to win hugely before taking out the profit.

I am also not be strick on gambling for profits but once found the tickets benefit from it or I am at a time lucky to profit from it, of course I would accept that chance and if I have been loosing at most then I would account it to be part of my recovery.

[ethereumhunter]

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 safest way to scale through losing out streak is by securing your profit imidiately after win by fast withdrawal. otherwise you will be left with nothing in your bankroll. This has been a  major problem people usually face all the time. And it is basically greediness that causes such thing, I have been in such situations on several occasions where I keep on gambling till I lost all my bankroll and I have vowed to myself that I can never leave my bankroll after winning.

Withdrawing the profit is a good way to gets the money before our minds gets tempts from gambling and we will lose our control. But the problem is many people gets tempts before they can decides to withdraw their wins so that makes many people keeps playing gambling without thinks to gets their profit in gambling.

They are greed because they wants more winning and thinks that they can gets it from the next rounds. But the fact is they will difficult to wins but instead they can lose their wins money before. Maybe we have that experienced before so we have our lesson and not trying to do the same things as before. We can lose all of the money including the wins money if we can't holds ourselves from gambling and the wins  will be waste for us.

[bubilas]

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.

Unfortunately, we are all sometimes lucky and sometimes unlucky. I saw a streamer who tripled his deposit on slots and he sat there with his eyes wide open and couldn't believe it.  
And you know what's funny? He continued playing and increased his deposit again!  It is after gamblers see this that they do not want to stop at the first big win. But as a rule, everyone then loses.

[Assface16678]

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.

Unfortunately, we are all sometimes lucky and sometimes unlucky. I saw a streamer who tripled his deposit on slots and he sat there with his eyes wide open and couldn't believe it.  
And you know what's funny? He continued playing and increased his deposit again!  It is after gamblers see this that they do not want to stop at the first big win. But as a rule, everyone then loses.

Well, this kind of scenario is what we call gamblers who cant be satisfied and not thinking properly, imagine losing a huge amount from your previous winnings? Imagine how much you can be regretful because of that, but again its their own fault, if they didn't play more hoping to gain more then they can be happy to their winnings, or instead a gambler should secure some good amount to their winnings so that no matter what happens in the remaining still you are getting something, simply securing the capital you have used and some of the money from the winning amount.

[Samlucky O]

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 safest way to scale through losing out streak is by securing your profit imidiately after win by fast withdrawal. otherwise you will be left with nothing in your bankroll. This has been a  major problem people usually face all the time. And it is basically greediness that causes such thing, I have been in such situations on several occasions where I keep on gambling till I lost all my bankroll and I have vowed to myself that I can never leave my bankroll after winning.

Withdrawing the profit is a good way to gets the money before our minds gets tempts from gambling and we will lose our control. But the problem is many people gets tempts before they can decides to withdraw their wins so that makes many people keeps playing gambling without thinks to gets their profit in gambling.

Exactly true. Most times it's easy to say but difficult to do. We might have that initial thinking that if the game plays and we win, we will try as much as possible to withdraw but we may be convinced that withdrawal is not the best option rather doubling the hustling which is caused by greed and will suck us dry. There is this my friend that won $300 and I told him to withdraw it since the money was a free gambling money, he never answered me anything untill he use all the bankroll and was left with nothing, then he realised he has made a big mistake by not withdrawing at the right time. So we need to be calculative and smart to make profit, than loosing them all.

[Odohu]

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 is one of the major challenge most gamblers face which is turning a good win into a bad gambling day. I think it is a psychological huddle that must be overcome to remain a profitable gambler. There is a high temptation to increasing gambling amount whenever there is winning; this is the source of complacency and eventual frustration as a result of irrational actions.

How I manage this situation, after losing several winnings, is to always withdraw whenever I have a reason winning and leaving only small balance in my account with which to continue gambling in the same manner I was gambling before the winning. This way I don't have to worry about losing my winnings because the money is already in my bank account.

[Questat]

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 is one of the major challenge most gamblers face which is turning a good win into a bad gambling day. I think it is a psychological huddle that must be overcome to remain a profitable gambler. There is a high temptation to increasing gambling amount whenever there is winning; this is the source of complacency and eventual frustration as a result of irrational actions.

I don't think of being profitable anymore. What I want is just to stay disciplined and lose only what I can afford. Aiming to be profitable is just too ambitious for a gambler and requires a lot of skill and choosing the right game, which I don't have right now. I may experience a winning gambling session, but all I want is to stop with a profit, not being greedy but being content with what I can make today, and just come back next time to reap another win if lucky. By saying discipline, I mean controlling your emotions, and I should have the ability to control them in different situations, both losing and winning.

[Jody.Drummer]

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 is one of the major challenge most gamblers face which is turning a good win into a bad gambling day. I think it is a psychological huddle that must be overcome to remain a profitable gambler. There is a high temptation to increasing gambling amount whenever there is winning; this is the source of complacency and eventual frustration as a result of irrational actions.

I don't think of being profitable anymore. What I want is just to stay disciplined and lose only what I can afford. Aiming to be profitable is just too ambitious for a gambler and requires a lot of skill and choosing the right game, which I don't have right now. I may experience a winning gambling session, but all I want is to stop with a profit, not being greedy but being content with what I can make today, and just come back next time to reap another win if lucky. By saying discipline, I mean controlling your emotions, and I should have the ability to control them in different situations, both losing and winning.

Of course you have the right mindset, because after all gambling is not a place to make money, even though you can win, however, there will always be the possibility of risks that could occur at any time, especially when luck has run out at that time. Greed will always be a part that is difficult to ignore in humans, but however it is too dangerous to prioritize greed in gambling, although this does not mean it is impossible for you to produce bigger wins, but sometimes the problem is that there are only a few gamblers who are truly able to accept a losing situation when they have previously seen that they have won, where this situation can really bring a gambler into significant emotions and it is very likely that they will carry out various aggressive actions to vent their emotions. If we talk about gambling then of course there is nothing better than having the ability to stop at the right time, although for example maybe you can win bigger when you continue but in any case taking precautions is much better, stopping at the right time , cash in your winnings when you are lucky and enjoy it, that is the real victory.

[retreat]

And because of this, knowing your limits is important because by understanding your limits you can stop yourself from gambling back money that you should be able to enjoy. Gambling and immediately withdrawing is a pretty wise thing for a gambler to do - there is no need to think that you can get more money when gambling back your gambling winnings, because most of those people will usually end up losing badly. Just withdraw and then enjoy the money for your needs. Even if you want to gamble again, you can use other money that you have previously prepared for gambling.

[Lannakosa]

This is one of the major challenge most gamblers face which is turning a good win into a bad gambling day. I think it is a psychological huddle that must be overcome to remain a profitable gambler. There is a high temptation to increasing gambling amount whenever there is winning; this is the source of complacency and eventual frustration as a result of irrational actions.

How I manage this situation, after losing several winnings, is to always withdraw whenever I have a reason winning and leaving only small balance in my account with which to continue gambling in the same manner I was gambling before the winning. This way I don't have to worry about losing my winnings because the money is already in my bank account.

I realized this even better in trading, every quarter I take all the profit that I manage to get, it disciplines me and every time it’s money + that I can count on. In gambling, this can work exactly the same way, every month, or every quarter, if there is a profit, then it’s worth withdrawing. This is a simple rule, but if you follow it constantly, you will be able to see how much you earn, because if all the winnings constantly remain on the gaming deposit, it is very difficult to understand what in the end you managed to win, because the money on the deposit is not yours until you don’t have it withdraw to your wallet.

[mamesso]

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.

It is a habit of gamblers that when they have a profit of 2X to 5X the nominal capital at stake, they often forget the initial concept and goal when starting the game. You won't always win, take advantage of your luck to secure the victory you have obtained.

I prefer to set a target amount that will be spent when I have made a profit, if the amount decreases due to losses in the next few games, I will immediately stop and then return to playing after a few hours. The concept that I use will be very profitable personally, apart from being able to enjoy the game for a while, I don't need to spend additional capital to gamble. The concept is actually very simple, it's just that greed always makes gamblers forget about losing.

[noormcs5]

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.

Indeed. Greed is the problem for gamblers who have no contentment even they already win huge. It's because of their belief that they can gain more once they continue playing. Well, it's a human nature to be greedy sometimes, however we need to be wise to stop already and withdraw the profit. Chances are you'll only lose all of it if you didn't refrain yourself from playing. Those who already experienced such situation can relate and probably have a regret for not controlling themselves.

Having a big win is a blessing in gambling and I feel sorry for those gamblers who do not understand this and keep on playing with profits and lose everything in the end.
Ask from those gamblers who are mostly in a loss and if they ever won good amount, how happy they will be. On the other hand we have such gamblers who despite having win good amount end up withdrawing nothing because they lose out of their greed. Its hard to imagine the feeling of a gambler who won a big amount and soon after loses everything. Such an Unlucky Gambler.

[Finestream]

Having a big win is a blessing in gambling and I feel sorry for those gamblers who do not understand this and keep on playing with profits and lose everything in the end.
Ask from those gamblers who are mostly in a loss and if they ever won good amount, how happy they will be. On the other hand we have such gamblers who despite having win good amount end up withdrawing nothing because they lose out of their greed. Its hard to imagine the feeling of a gambler who won a big amount and soon after loses everything. Such an Unlucky Gambler.

There's a famous line from Kenny Rogers' song that goes, "You never count your money when you're sitting at the table." That means even if you are up while gambling, it's still not considered a profit until you stop. So if we end up losing in the end, it means we never had a profit, and that's a learning experience that knowing when to stop is necessary to end with a profit. However, it's easier said than done, especially if you don't have a game plan. First, you need to target how much you need to win to stop. If it's $1000, then stop when you hit that amount. Pretty simple.

[Don Pedro Dinero]

There's a famous line from Kenny Rogers' song that goes, "You never count your money when you're sitting at the table." That means even if you are up while gambling, it's still not considered a profit until you stop. So if we end up losing in the end, it means we never had a profit, and that's a learning experience that knowing when to stop is necessary to end with a profit. However, it's easier said than done, especially if you don't have a game plan. First, you need to target how much you need to win to stop. If it's $1000, then stop when you hit that amount. Pretty simple.

Something similar is said in the stock market, and it can be applied to bitcoin and cryptocurrencies: you don't make a profit until you sell. You can have a shitcoin where you invested $100 and it has turned into $10,000, but if you don't sell, you don't know if you wake up in the morning and it has gone to 0. It's the same with betting. If you don't cash out and leave the casino, you can't count what you win as a profit. Especially if you get a decent amount that you can do a lot of things with outside the casino, you have to withdraw the money and leave, which we already know how the story ends if you stay.