From $50 into $40 million?

[usekevin]

They said no risk, no reward, right? Being greedy in most cases helps, like you have explained, but there should be a limit to that greed. Too much greed is what always leads to losing it all.
 
If someone starts with $15 and is lucky enough to take two great risks and be greedy at the same time with luck being on their side, they end up winning up to $500. I think that moment is when the person should not be too greedy again. Even if you want to continue, the best thing to do is make some withdrawals first and leave some balance there so that even if you lose, you will still have something secured rather than losing it all.

The limited greedy will make you to earn more than the amount you had won in the gambling site.The gamblers can play the game with a little greedy to increase their confidence in the game,but the over greedy will make the gamblers to bankrupt at the end of the game.One gambler can wager the 15$ to 500$ with their confidence in the gambling site.But the gamblers should play the game with more confidence in the game till the end.Their may be ups and down in the game,so risk also increases when the gamblers target the high value in gambling.

[bisdak40]

It shows that making a fortune through gambling is possible if you have the skills. It’s a mistake to think we’re all destined to lose in the long run.

I guess it's not about skills. It's just that someone might get lucky, so this person is lucky. But this does not mean that anyone else is guaranteed to be lucky if they imagine that they have "skills". In general, this chain of reasoning based on one example is a characteristic "survivorship bias" when millions of losers are not taken into account. It is possible to make a fortune, but who wins depends only on chance...

When you have the skills and some luck, you’ll probably win occasionally. However, if you keep gambling, the chances of losing your winnings are high, as I’ve experienced. In gambling, you win some, you lose some. It’s important to set a goal, and once you’ve achieved it, it’s time to quit and invest your gambling profits in other ventures instead of always relying on gambling.

[Julien_Olynpic]

One of the important things is that he eventually lost all his money and was banned from the casino. What happened to him next and how he lived out the rest of his life - his biographers are silent about this. However, the fact remains: he managed to make a fantastic increase in his bankroll. The most important thing remains unclear to us. Namely: what strategy did he use to achieve such impressive results? His problem was that he did not know when to stop. This happens to gamblers. But it is a very important skill - to know when to stop. This is what allows you to preserve your wealth.

[LogitechMouse]

From $50 to $40 million - crazy, right? It shows that making a fortune through gambling is possible if you have the skills. It’s a mistake to think we’re all destined to lose in the long run.

What do you think about this? Isn’t it inspiring already?

$50 to $40,000,000 is something that's crazy, but you know what's even crazier? The people who thinks like "It happened to him/her, and I believe that it will happen to me as well. It can happen to anybody including me." and because of this, the gambler spend $50 hoping to make money in gambling. If the gambler loses, he will spend more money because of this kind of thinking.

Make a fortune on gambling as long as you have skills? Although skill is an important factor when it comes to gambling, there's nothing more important than luck. You can be the skilled gambler, but if you aren't lucky, it's pretty much useless and you might end up losing money still. Destined to lose in the long run? It will depend on the gambler because a gambler might win a million dollars from a single dollar only, but he might come back, gamble again using that money that he won and in the end, he might lose it all. Losing in the long run isn't certain, but since most of the gamblers doesn't know the term "Stop" when they're winning huge, we've seen it that way already.

Inspiring? Nahhh not at all.

[bakasabo]

From $50 to $40 million - crazy, right? It shows that making a fortune through gambling is possible if you have the skills. It’s a mistake to think we’re all destined to lose in the long run.

What do you think about this? Isn’t it inspiring already?

$50 to $40,000,000 is something that's crazy, but you know what's even crazier? The people who thinks like "It happened to him/her, and I believe that it will happen to me as well. It can happen to anybody including me." and because of this, the gambler spend $50 hoping to make money in gambling. If the gambler loses, he will spend more money because of this kind of thinking.

Make a fortune on gambling as long as you have skills? Although skill is an important factor when it comes to gambling, there's nothing more important than luck. You can be the skilled gambler, but if you aren't lucky, it's pretty much useless and you might end up losing money still. Destined to lose in the long run? It will depend on the gambler because a gambler might win a million dollars from a single dollar only, but he might come back, gamble again using that money that he won and in the end, he might lose it all. Losing in the long run isn't certain, but since most of the gamblers doesn't know the term "Stop" when they're winning huge, we've seen it that way already.

Inspiring? Nahhh not at all.

It aint that crazy when you google this guys story. He did not make that $50>$40,000,00 in one day, but did it during 3 years of gambling, and his starting budget was not $50, but $10k loan. $50 is the amount he had when he has arrived to Vegas, took loan (or many loans, wikipedia does not give full info) and started gambling. The story is not inspiring at all, because that person has lost those $40 millions. His story would be inspiring, if he would kept those $40 millions and spent them wise, or made help to society.

[Dewi Aries]

It shows that making a fortune through gambling is possible if you have the skills. It’s a mistake to think we’re all destined to lose in the long run.

I guess it's not about skills. It's just that someone might get lucky, so this person is lucky. But this does not mean that anyone else is guaranteed to be lucky if they imagine that they have "skills". In general, this chain of reasoning based on one example is a characteristic "survivorship bias" when millions of losers are not taken into account. It is possible to make a fortune, but who wins depends only on chance...

When you have the skills and some luck, you’ll probably win occasionally. However, if you keep gambling, the chances of losing your winnings are high, as I’ve experienced. In gambling, you win some, you lose some. It’s important to set a goal, and once you’ve achieved it, it’s time to quit and invest your gambling profits in other ventures instead of always relying on gambling.

That is why a gambler is always advised to have the ability to stop at the right time, the first reason is because even though you have the skills but still if luck is not with you then defeat will also occur, and besides that as you said that when a gambler continues to play after winning then it is the same as you directing yourself to lose the amount of money that has previously been won (although I know the chance of getting another win is still possible), but in the end, isn't prevention always the best action? and in that situation you have managed to achieve a number of wins and isn't that what you want? Obviously, and that is why greed is always a prohibited action, none other than to avoid the possibility of losing the amount that has previously been won and also none other than to avoid yourself from significant regret. Utilizing the winnings for other potentially profitable things is also a good idea.

[ethereumhunter]

That is why a gambler is always advised to have the ability to stop at the right time, the first reason is because even though you have the skills but still if luck is not with you then defeat will also occur, and besides that as you said that when a gambler continues to play after winning then it is the same as you directing yourself to lose the amount of money that has previously been won (although I know the chance of getting another win is still possible), but in the end, isn't prevention always the best action? and in that situation you have managed to achieve a number of wins and isn't that what you want? Obviously, and that is why greed is always a prohibited action, none other than to avoid the possibility of losing the amount that has previously been won and also none other than to avoid yourself from significant regret. Utilizing the winnings for other potentially profitable things is also a good idea.

We must have control over ourselves so we can stop anytime especially when we wins so much money. We don't have to risks our win money to keep playing gambling and expecting to wins more money. We don't have a guarantee to wins many times in the next rounds so we must know when we must stop gambling.

Playing gambling and hopes we can wins more and more can makes us forget that gambling is not a place to make money. We will lose our money with our win money so we will not get anything from gambling and only lose the money.

That is why we must control ourselves from greediness because that is very dangerous if we can not do that. Many people already lose much money from gambling so we must be careful especially after winning some money. No need to chase the next wins since we can win again in the next day and it is enough for our wins today.

[Smartprofit]

I’ve been reading stories about successful gamblers and thought I’d share this one- it’s truly impressive.

From $50 to $40 million - crazy, right? It shows that making a fortune through gambling is possible if you have the skills. It’s a mistake to think we’re all destined to lose in the long run.

What do you think about this? Isn’t it inspiring already?

Archie Karas: Turning $50 into $40 million

There have been many tales of gamblers going on amazing runs at the casinos of Las Vegas. However, there may be none more staggering than that of famed punter Archie Karas.

Karas started ‘The Run’ with a mere $50 in his pocket and racked up more than $40 million in winnings. But that’s not where the story ends.

Remarkably, Karas then managed to lose it all and end up with nothing, before being banned from setting foot in a casino.

Archie Karas is certainly an outstanding player and his achievements are not accidental. Billiards and poker are games based not only on luck, but also on special skills and abilities.

Archie Karas trained hard before his trip to Las Vegas, so it is not surprising that he showed such outstanding results in the game. In addition, he did not hesitate to use various fraudulent techniques, for example, marking playing cards during a poker game. All this further increased his chances of winning.

At the same time, he was a very passionate and risky player, so after a huge win, he quickly lost the money he had won. In general, in my opinion, this is a very interesting and instructive story.

[bakasabo]

Imo this story should inspire people not to gamble, but instead pay more attention to learning self discipline or develop as a person. A perfect proof that greed and addiction lead to loosing money quickly. Or a proof that if person is unserious about something, he wont be able to keep it. We can only admire his high risk gambling, but a saying "Something is better than nothing" suits perfectly for this case. In fact, I rarely see gambling related stories that end well, so there is nothing much to be inspired about.

[Dewi Aries]

That is why a gambler is always advised to have the ability to stop at the right time, the first reason is because even though you have the skills but still if luck is not with you then defeat will also occur, and besides that as you said that when a gambler continues to play after winning then it is the same as you directing yourself to lose the amount of money that has previously been won (although I know the chance of getting another win is still possible), but in the end, isn't prevention always the best action? and in that situation you have managed to achieve a number of wins and isn't that what you want? Obviously, and that is why greed is always a prohibited action, none other than to avoid the possibility of losing the amount that has previously been won and also none other than to avoid yourself from significant regret. Utilizing the winnings for other potentially profitable things is also a good idea.

We must have control over ourselves so we can stop anytime especially when we wins so much money. We don't have to risks our win money to keep playing gambling and expecting to wins more money. We don't have a guarantee to wins many times in the next rounds so we must know when we must stop gambling.

Playing gambling and hopes we can wins more and more can makes us forget that gambling is not a place to make money. We will lose our money with our win money so we will not get anything from gambling and only lose the money.

That is why we must control ourselves from greediness because that is very dangerous if we can not do that. Many people already lose much money from gambling so we must be careful especially after winning some money. No need to chase the next wins since we can win again in the next day and it is enough for our wins today.

Yes, the point is self-control, that's what will make it easier for a gambler to make rational decisions in any situation, such as after successfully achieving victory.
Actually, greed is a choice, in the sense that you are free to apply greed but with the note that you must be able to accept whatever the results are, especially losing the amount of victory that you have previously obtained.

But yes, I am sure that it is not easy to accept a losing situation when you have previously succeeded in achieving victory, and this is why stopping and securing the money is always the recommended decision because that is the best way to minimize all unwanted possibilities.

[satscraper]

~

What do you think about this? Isn’t it inspiring already?

As we know money doesn't fall from the sky, thus,  I thought how many gamblers  had to lose to cover his $40 million, ^{probably my bucks also  wormed  its  way into his fortune}. I am gambling for around ten years and lose more than often, ^{luckily not big sum but still money pulled down at my main job}. And yeah, it is inspiring story ^{would like to feel myself in his place}

[the rise]

he was very lucky but this is not inspiring at all, because news like this encourages people to gamble harder, pity those who will become victims because beginners do not think long about the risks of gambling, all they think about is winning

[Cryptmuster]

Turning a few dollars into millions is phenomenal, but it is even more surprising to hear that he eventually lost everything. After such a big win, at least one million could have been left untouched. But what can I say, this whole story sounds like a story from a movie, he was good at billiards, that's how he earned his money, but gradually he got carried away with other games. The failure came when he lost almost 30 million in three weeks, I think that was the turning point that did not allow him to stop, and in the end he had nothing left, this is an example of how to know when to stop...

[freedomgo]

he was very lucky but this is not inspiring at all, because news like this encourages people to gamble harder, pity those who will become victims because beginners do not think long about the risks of gambling, all they think about is winning

I don’t mind seeing those kinds of posts, because I’m a gambler myself, and it’s nice to see someone succeed, even if that story ends with losing it all after turning a tiny bankroll into millions.

Honestly, advertising a casino already encourages people to gamble, so what’s the difference with sharing these stories? Are we trying to make people believe no one can ever win in gambling? That’s a tough sell, because it’s basically saying we’re all just wasting money when we gamble. What’s important is teaching people to be responsible, and everything else will fall into place.

[Oluwa-btc]

From $50 to $40 million - crazy, right? It shows that making a fortune through gambling is possible if you have the skills. It’s a mistake to think we’re all destined to lose in the long run.

What do you think about this? Isn’t it inspiring already?

It's inspiring on a norms but not as inspiring as something so beneficial that one can really devote himself to do and it's rather risky to think of making a fortune from this because like we all know everyone has different destinies either to win nor lose and this is why reason being that you got the best skills and luck in the entire universe you still got little chances of winning because all of all this are mastered to allow the  casino or gambling sites gain more than the users, so nothing so special should inspire you about gambling.

[ethereumhunter]

Yes, the point is self-control, that's what will make it easier for a gambler to make rational decisions in any situation, such as after successfully achieving victory.
Actually, greed is a choice, in the sense that you are free to apply greed but with the note that you must be able to accept whatever the results are, especially losing the amount of victory that you have previously obtained.

But yes, I am sure that it is not easy to accept a losing situation when you have previously succeeded in achieving victory, and this is why stopping and securing the money is always the recommended decision because that is the best way to minimize all unwanted possibilities.

Yes, having self control in gambling is a must so we can be wise when making a decision especially when we wins big money. We will not trying to chase the other winning but we will stop gambling and withdraw the money. We know that we don't have a big guarantee to win in the next rounds so we know what we need to do. We can also prevents the greed becomes bigger and stopping ourselves from gambling will be the best decision.

It is indeed not easy to accept the lose situation in gambling and that can attract us to use more money and try to wins. But when we know that will not be easy, we will not trying to keep playing gambling.

[Popkon6]

he was very lucky but this is not inspiring at all, because news like this encourages people to gamble harder, pity those who will become victims because beginners do not think long about the risks of gambling, all they think about is winning

Of course right because hearing all these news new gamblers will be more attracted, and start gambling. And once a gambler is hooked, that gambler will certainly experience losses, so it can be a dangerous lure for new gamblers. Whenever a gambler begins to gamble with the intention of winning, that gambler becomes instantly addicted to gambling, and loses repeatedly. And to recover that loss and the pain of losing money will make the gambler try hard to win, so any gambler should gamble with as much money as he is prepared to lose to have a fair chance of winning.

[fruktik]

I’ve been reading stories about successful gamblers and thought I’d share this one- it’s truly impressive.

From $50 to $40 million - crazy, right? It shows that making a fortune through gambling is possible if you have the skills. It’s a mistake to think we’re all destined to lose in the long run.

What do you think about this? Isn’t it inspiring already?

Archie Karas: Turning $50 into $40 million

There have been many tales of gamblers going on amazing runs at the casinos of Las Vegas. However, there may be none more staggering than that of famed punter Archie Karas.

Karas started ‘The Run’ with a mere $50 in his pocket and racked up more than $40 million in winnings. But that’s not where the story ends.

Remarkably, Karas then managed to lose it all and end up with nothing, before being banned from setting foot in a casino.

And what surprises you in this story? I have also read many similar stories and they all end almost the same. What happened in the end? The man lost all his money. There is nothing surprising about this. Gambling is such a thing that it is difficult to resist the temptation to go to the casino again. It is a shame only that this man did not buy anything for himself with this money, but could at least help those in need a little.

[mammusu]

Imo this story should inspire people not to gamble, but instead pay more attention to learning self discipline or develop as a person. A perfect proof that greed and addiction lead to loosing money quickly. Or a proof that if person is unserious about something, he wont be able to keep it. We can only admire his high risk gambling, but a saying "Something is better than nothing" suits perfectly for this case. In fact, I rarely see gambling related stories that end well, so there is nothing much to be inspired about.

Maybe what happened to him is only luck 1 in 1000 gamblers, I think to achieve a win of $40 million with only 50$ is something very fantastic and will be difficult to achieve if he does not have continuous luck in the game he is playing, In my opinion, stories like this may actually be one of the allures for other people to gamble and hope to be lucky to win big prizes, but behind the story we should see the importance of financial management and self-control, especially in situations involving high risk such as gambling, although big wins can be very tempting, but without a clear strategy to manage these wins of course one can easily get stuck in a cycle of loss like Archie Karas, knowing when to stop and set limits in order with have a clear plan can help us prevent big loss like he experienced.

[Inwestour]

And what surprises you in this story? I have also read many similar stories and they all end almost the same. What happened in the end? The man lost all his money. There is nothing surprising about this. Gambling is such a thing that it is difficult to resist the temptation to go to the casino again. It is a shame only that this man did not buy anything for himself with this money, but could at least help those in need a little.

What is unusual in this story is that the player was able to make such huge money, 40 million, this is not one or two random wins, this is a story about a successful player who could win millions, and unfortunately, about the fact that he also lost tens of millions and could not stop. Apparently he thought that luck should return to him and he would start winning again, but luck can be fickle and perhaps the casino is also learning to adapt to players.