Gambling is all cool, until you hit that Huge Loss

[WhoYouCantKill]

Ok I just feel like sharing this experience here.
or the past few weeks, I've been on some strange winning streak, but this time, i decided not to withdraw all the wins but kept everything on the casino account, I revisited the account after a day or two to play, and whenever I won, I'd leave it there and everything was going all fine and cool.

Not until today, I made my regular visit, made a few bets but lost all, decided to double my stake, but it seemed like they were really out for tonight, and before I knew it, everything I've accumulated the past few days was all gone in a twinkle of an eye, I couldn't believe my eyes, But come on, that's gambling, it's not like I didn't expect it, I did but not just this way.

So would you have avoided this situation if you were in my shoes?

[Hazink]

So would you have avoided this situation if you were in my shoes?

I would have at least the loss could not have happened this way. One thing that makes me avoid casinos where its minimum withdrawal is above $10 is because I like making regular withdrawals, no matter how small it is, as long as it's above what I deposited. I will be false to secure most part of the winning leaving some there, if the money where not all in the casino balance, and you are funding it after every loss you could have discouraged yourself once you reach a particular level, but this one there was no limit and the money all gone just like stock unrealised profit

[Wiwo]

What happened to you is simply a two basis scenario on how gamblers faces the two side of gambling.

This have nothing to do with the casinos monitoring you in anyways, what is clear in this situation is that, it shows how poor you managed your winnings instead staying back from chasing the luck.

Another's this this shows how you chase the losses which is another bad approach in gambling.

Next time, witdraw all your winnings, and don't double your bet for whatever reasons never bet beyond your set weekly budget.

[Ever-young]

I sure would have avoided losing all that money back to the casino. The biggest mistake you made, which could've avoided this whole situation was to leave your winning in the casino account. The moment you made that first win, what you should have done was to withdraw it asap, and probably made another deposit when you want to place another bet, because the more you keep seeing that money there in your bankroll, it'll keep drawing you back until you either withdraw it or give it back to the casino.

[7juju]

There’s no way we all would have acted the same way. If I were in your shoe I would have avoided what happened to you. You gambled continuously because you had money at your disposal, if you were withdrawing some portion of the out of your casino account when you were winning you wouldn’t have blown up all the money. Maybe when you finished the one in your casino account, you would stopped. The mistake you made was keeping all the money you won for the past few days in your casino.

[jossiel]

Ok I just feel like sharing this experience here.
or the past few weeks, I've been on some strange winning streak, but this time, i decided not to withdraw all the wins but kept everything on the casino account, I revisited the account after a day or two to play, and whenever I won, I'd leave it there and everything was going all fine and cool.

Not until today, I made my regular visit, made a few bets but lost all, decided to double my stake, but it seemed like they were really out for tonight, and before I knew it, everything I've accumulated the past few days was all gone in a twinkle of an eye, I couldn't believe my eyes, But come on, that's gambling, it's not like I didn't expect it, I did but not just this way.

So would you have avoided this situation if you were in my shoes?

The solution is simple for this situation of yours.

Withdraw your capital or starting deposit then gamble with the rest. That won't make you feel bad if ever you lose all that you've won.

Because you got your initial deposit and you won't care what might happen next as long as you enjoyed it. To the winners out there, never forget to withdraw, your profit or your bankroll.

[Odogwu-Blockchain]

I always say this whenever I comment, that, once you discover a bad day through consistent failure in the first three trials, you should stop immediately and postpone betting to the next day. There are good days and bad days, if you notice a bad day, quick instantly before chasing losses becomes the next plan.

Also, profits from gambling and trading seems to be the same, if you aren't taking profits whenever, it turns out to be disasterous if greed comes in. Take profits every time to avoid sad experience.

[Samlucky O]

Not until today, I made my regular visit, made a few bets but lost all, decided to double my stake, but it seemed like they were really out for tonight, and before I knew it, everything I've accumulated the past few days was all gone in a twinkle of an eye, I couldn't believe my eyes, But come on, that's gambling, it's not like I didn't expect it, I did but not just this way.

So would you have avoided this situation if you were in my shoes?

I don't even know the reason why I would allow my wining to accumulate on my gambling casino without withdrawing it  after some days, knowing fully well that it is very risky. For me I will never do such a thing because I may be tempted to gamble all quickly. If you allow your wining compiled for too long, you will no longer have the ability to stay  without betting all of them.

[Sonia_123]

Ok I just feel like sharing this experience here.
or the past few weeks, I've been on some strange winning streak, but this time, i decided not to withdraw all the wins but kept everything on the casino account, I revisited the account after a day or two to play, and whenever I won, I'd leave it there and everything was going all fine and cool.

Not until today, I made my regular visit, made a few bets but lost all, decided to double my stake, but it seemed like they were really out for tonight, and before I knew it, everything I've accumulated the past few days was all gone in a twinkle of an eye, I couldn't believe my eyes, But come on, that's gambling, it's not like I didn't expect it, I did but not just this way.

So would you have avoided this situation if you were in my shoes?

You never know when you are going to win in gambling, that you are winning does not mean it will continue to happen for you like that, if you were told you were going to lose the game, you will not believe, the loses in gambling are always there . I will accept my fate and move on because that is gambling for you.

[knuckey]

The longer we persist, the greater the risk, as well as the profits we will get. These are just two sides of the coin: returning home with double profits or returning home with nothing. Almost all gamblers have experienced the same thing as you. However, after an incident like that, it is better to secure the profits first before starting again. If that is the question for now, I would avoid it.

[freedomgo]

I was once a victim of not withdrawing my funds before because of the same reason you have. But one huge loss will open your eyes that gambling can never be safe especially if you are here to make money and chase your luck. Expecting to lose from gambling is never enough, you should make actions and wise decisions to prevent yourself and your funds from losing all at once.

Its always safe to withdraw your winning amount and just leave a small amount for your future bets. That would help you manage your greed and the high risk to lose from gambling. And just to make you realize, once you win, the casino will surely find ways to get back the profits you gained, and they will use your emotions to easily recover their losses and bring back the profits again once you decide to bet with the aim to maximize your profits.

[Hispo]

Ok I just feel like sharing this experience here.
or the past few weeks, I've been on some strange winning streak, but this time, i decided not to withdraw all the wins but kept everything on the casino account, I revisited the account after a day or two to play, and whenever I won, I'd leave it there and everything was going all fine and cool.

Not until today, I made my regular visit, made a few bets but lost all, decided to double my stake, but it seemed like they were really out for tonight, and before I knew it, everything I've accumulated the past few days was all gone in a twinkle of an eye, I couldn't believe my eyes, But come on, that's gambling, it's not like I didn't expect it, I did but not just this way.

So would you have avoided this situation if you were in my shoes?

Many people will feel tempted to say that they would have stopped at the right time and gotten all that money for themselves and would have never committed those mistakes you did, but I am not that kind of person... I would have likely done the same you did and lost a significant amount of that money in a similar manner, because in the end of the day, we all are human beings are we all are weak when comes to greed and other desires.

Do not feel bad or stupid because of the money you had in your hands and you let go because of your greed. Because it is something which is very common within the world of betting and gambling. The majority of people in this ecosystem will suffer something similar to it sooner or later.

[Orpichukwu]

You never know when you are going to win in gambling, that you are winning does not mean it will continue to happen for you like that, if you were told you were going to lose the game, you will not believe, the loses in gambling are always there . I will accept my fate and move on because that is gambling for you.

The op made the mistake of thinking the winning streak would still keep on going and that the confidence level was so high that even after losing a few hands he would still continue to be playing until all the money went down. One thing I will never do is trust myself with leaving money on my casino account; I don't trust myself with that because I will always be tempted to stake.

[Davidvictorson]

Not until today, I made my regular visit, made a few bets but lost all, decided to double my stake, but it seemed like they were really out for tonight, and before I knew it, everything I've accumulated the past few days was all gone in a twinkle of an eye, I couldn't believe my eyes, But come on, that's gambling, it's not like I didn't expect it, I did but not just this way.

So would you have avoided this situation if you were in my shoes?

Sorry about this . I hope you take it as a lesson.

I have been in your shoes and I learned what to do and what not to do.

What to do, withdraw 90% of your winnings and spend it on something nice or if you want, save.

What not to do, leave it in wallet, the losses always hits different because you don't just feel the pain of the loss, you feel the pain and regret from what you would have used the initial wins from if you have withdrawn it.

Live a little with your winnings and do not try to chase your losses, you can never "catch" it.

[mirakal]

You're right, gambling is cool if you are consistently winning, but when you hit an unexpected huge loss, that's when you'll get how the house edge with gambling works. You can play and bring it on, but if you don't know how to play well those gambling tricks, they will find a reason to gain advantage from you and make you lose from your bets.

The damage that casinos do is unfathomable. You expected it but you never thought that it will happen as fast as this. You can't control what the casino is capable of doing, that is why its a wise decision to immediately withdraw your funds after winning. That's a good step to get you out from unexpected losses from gambling. No one wins but the casino itself, and with that, everyone here is bound to lose.

[Richbased]

Real winning is when you withdraw your winnings but since you left it in your casino account, you will always be tempted to gamble more in order to increase your winnings and since you have been on winning streak, you will feel like an expert but it is good that you lost all the amount you have won because it will now stand as a lesson to you incase you are on a winning streak you will have to withdraw and when you want to gamble again you can make a little amount of deposit. Gambling is very simple but greed is what has caused many gamblers to lose huge amount of money.

[Alphakilo]

You never know when you are going to win in gambling, that you are winning does not mean it will continue to happen for you like that, if you were told you were going to lose the game, you will not believe, the loses in gambling are always there . I will accept my fate and move on because that is gambling for you.

The op made the mistake of thinking the winning streak would still keep on going and that the confidence level was so high that even after losing a few hands he would still continue to be playing until all the money went down. One thing I will never do is trust myself with leaving money on my casino account; I don't trust myself with that because I will always be tempted to stake.

Never make the mistake of leaving profit from bets or trading events in a hot wallet or in a wallet like the gambling platform and hope to increase it with future activities. That's the huge error in judgement OP made without even the fact that he may have increased the bet size he normally would stick to, because of simple overconfidence.
It's a common mistake that all online gamblers may have made at some point in time. At least he didn't complain about the platform not allowing him withdraw the profits before resuming a new bet on a different game entirely.
This is a lesson well learned that shows the lack of risk management habit.

[Cantsay]

So would you have avoided this situation if you were in my shoes?

Most experienced gamblers would have been able to easily avert this from happening if they were in your shoes. The rule is simple, don’t leave your wins in your account if you’re not ready to lose them. Any money you leave in your gambling account is as good as gone because that next bet of yours could be what would trigger your losing streak and you might get carried away and find yourself still placing more bets despite being on a losing streak.

One way I have tried to prevent things like this from happening to me, is simply by placing withdrawals the moment I manage to hit some wins. So I’d withdraw a part of it and use the remaining portion to continue gambling and the whole thing continues that way until I finally hit that loss that takes the remaining balance away.

[Cointxz]

Not until today, I made my regular visit, made a few bets but lost all, decided to double my stake, but it seemed like they were really out for tonight, and before I knew it, everything I've accumulated the past few days was all gone in a twinkle of an eye, I couldn't believe my eyes, But come on, that's gambling, it's not like I didn't expect it, I did but not just this way.

So would you have avoided this situation if you were in my shoes?

I experienced this a lot in the past. The only way to counter this kind of mistake is to withdraw immediately after you play regardless if you win or lose because you will keep checking your casino account if there’s balance in there since you knew that you can bet whenever you want with that money sitting on your casino balance.

Withdrawal is cheap nowadays on casino and exchange using the right token and network like BSC so there’s no need to leave funds on the casino.

It’s a trap to leave your funds on casino account due to strong temptation to play especially on ungodly hour. lol

[rachael9385]

Ok I just feel like sharing this experience here.
or the past few weeks, I've been on some strange winning streak, but this time, i decided not to withdraw all the wins but kept everything on the casino account, I revisited the account after a day or two to play, and whenever I won, I'd leave it there and everything was going all fine and cool.

Not until today, I made my regular visit, made a few bets but lost all, decided to double my stake, but it seemed like they were really out for tonight, and before I knew it, everything I've accumulated the past few days was all gone in a twinkle of an eye, I couldn't believe my eyes, But come on, that's gambling, it's not like I didn't expect it, I did but not just this way.

So would you have avoided this situation if you were in my shoes?

You can lose everything that you have won in gambling within a few minutes, that is all it takes to either throw your wins away or hand over your life savings to the casino. Your mistake started when you didn't take the profits you made and take a break for at least a few weeks.