Gambling is all cool, until you hit that Huge Loss

[Eternad]

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?

Why would you gamble all-in like that? Where is the fun in that?

Personally, I prefer to gamble tiny amounts with a limited gambling budget per month. That way I do not feel tempted to overspend and stay grounded in reality. The reality being that you cannot expect to make any kind of profit or steady income from gambling. It is just a pipedream. I do not recommend following it.

Gambling is for entertainment, at best.

User like this usually being lazy on withdrawing their funds because they think they can accumulate more before they can withdraw in one big haul from accumulated profit.

This is the player POV while in reality the more you stack all your profit on your casino bankroll the more you will keep risking it on gambling games that will result to lose just like what happened to him.

It’s a gambler instinct to keep chasing their losses while their bankroll can still cover for their losses until they bust it all.

[yhiaali3]

We would all say yes, I would have avoided this situation if I were in your place, but few do. We always say it, but few do it because the one in control of those moments is not us, but our emotions that overcome our minds in those moments. And when this ends and we return to our minds and conscious thinking, we regret it and say "we should have stopped".

Like many others, we often say we'll stop, reap the profits, and step away, but we come back every time, lose every time, repeat what we did before, repeat the same mistakes, and then say we've learned. That's the truth.

[Oasisman]

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

Probably I'd end up the same fate as you, not unless if I had a better use of that money during that time, I would have withdrawn it and put it to better use. The good thing is, you did not made anymore deposits because all of those were accumulated from the winning streak you had over the past days.
As long as I have not made excessive deposits and lose it, I'd be fine with losing everything I've won over the few days. Though I could do better than end up the same fate over and over, I'd probably learn not how to end up that way eventually. Maybe setting a max accumulated win before withdrawing would work.

[fruktik]

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?

90% or more of forum members are in a similar situation to yours. So there's no point in torturing yourself with such thoughts. Yes, there will undoubtedly be those who withdraw all or part of their winnings. This is gambling, and an absolutely absurd situation can occur that wipes out your deposit. Such risks should be factored into the process from the start. You need to expect from the start that you'll lose your money, and this has nothing to do with a positive attitude.

[jcojci]

If I win streak and the amount is big, I will immediately withdraw the money, leaves some amount of money in my account. I don't want to get tempting to use the money to gamble and double the amount as that can makes me lose all of the money. I have that bad experienced before so I don't want to have the same.

You have got your lessons so when you win, winning streak, you better withdraw the money and leave small amount in your account. You can use the amount to gamble next days and not use your winning amount to double the money or winning more, that is a self-control you should do.

[iv4n]

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

Well, the same thing happened too many times to all regular players... And when I say the same thing, I mean exactly the same thing that goes as you described it... a strange winning streak that last for days, and I guess we think it can go like that forever. But at some moment reality hits us...

These things still happen to me from time to time... we can avoid it, and actually, it's simple, we just need to withdraw, and we can avoid/save ourselves from some bad situation.

Good luck, and don't worry too much...

[swogerino]

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?

It depends on your winning amount, I have been on that same situation where even 10x of my initial deposit amount was not satisfactory for me so I kept playing until I lose it all. I know your feeling when you say that you expected it but not that way as I have lost 29 buy bonuses in a row and that can make you mad, in fact I believe it can make anyone mad. So next time it would be probably better to withdraw winnings and just keep playing with the initial deposit. You will not feel any regret for losing it by withdrawing profit first.

[Frankolala]

Yea, I would have cashed out my win instead of piling it up in the casino as if it's a bank. The problem is that you were too confident in yourself because luck worked for you in the previous days. You thought that it's going to be so always. One thing is gambling is that if think you are capable of winning your bet that's when you will lose it.

[Yablee0]

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?

Am very sorry about your lost bro, take it in good faith. By now from your stay in the system you should have been more conversant with the system and how it works, that nothing is guaranteed. And also chasing of lost is one big mistake we should do away from if we really want to be safe in gamble.

However, it was quite unfortunate that you got a little bit relaxed and feel too used to your winning streak, forgetting the fact that a single second can change the entire picture. But regardless what has happened, don't let it way you down, perhaps it's a quick reminder that gamble is never guaranteed and if you're opportune to be on a winning streak at any point in time, it's better to you don't get carried away because the next minute can change the whole game.

[impulse709]

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

Probably I'd end up the same fate as you, not unless if I had a better use of that money during that time, I would have withdrawn it and put it to better use. The good thing is, you did not made anymore deposits because all of those were accumulated from the winning streak you had over the past days.
As long as I have not made excessive deposits and lose it, I'd be fine with losing everything I've won over the few days. Though I could do better than end up the same fate over and over, I'd probably learn not how to end up that way eventually. Maybe setting a max accumulated win before withdrawing would work.

Losing a lot is typically where the fun of gambling turns into suffering. I do agree that losing winnings is different from losing fresh deposits, but it does play with your head because profits that have been left in the casino too long can be perceived as free money and this can be a slippery slope. Developing a target for withdrawing profits is one of the best ideas for gamblers. When you reach a profit target, withdrawing some or allof it prevents you from losing it all. Willpower is more important than luck.

[Olatundespo]

Yes it is gambling. Whether you should gamble for profit or for entertainment is a constant debate among us. If it is for profit you should withdraw after winning. If it is for entertainment you should still withdraw after winning because you want to enjoy it.

Leaving funds in the portfolio unchanged after betting creates a tendency to bet more aggressively. I have understood this from my gambling experience. Gambling is a form of greed that greed comes from the expectation of making money. The more money you have in your portfolio the more you will be tempted to gamble. Even if you want to you will not be able to control gambling. It is better to allocate a specific budget for gambling and not keep any excess amount of money in your portfolio.

[TopT3ns]

Yes it is gambling. Whether you should gamble for profit or for entertainment is a constant debate among us. If it is for profit you should withdraw after winning. If it is for entertainment you should still withdraw after winning because you want to enjoy it.

Leaving funds in the portfolio unchanged after betting creates a tendency to bet more aggressively. I have understood this from my gambling experience. Gambling is a form of greed that greed comes from the expectation of making money. The more money you have in your portfolio the more you will be tempted to gamble. Even if you want to you will not be able to control gambling. It is better to allocate a specific budget for gambling and not keep any excess amount of money in your portfolio.

The best way to avoid the greed of kings to ruin your future finances is to keep your gambling money away form your overall savings. Excessive money in your betting pocket normally causes aggression without even taking into account the fact that you could lose all your money. Admittedly, immediate withdrawal of winnings gives a real enjoyment, and keeps your capital safe during a losing streak. Strict budget control is essential, so that this vice does not turn into a vice in the future.

[Findingnemo]

You wagered and lose, there is nothing different we can done at that position or you are asking about withdrawing after the win that might gave you the chance to use that money for something else.

Huge loss should not exists because huge win may not be in your control but how much money that you are wagering is completely in your control so you should decide which amount you are ready to lose and should accept the outcome no matter what it is and if not ready for that then better withdraw all the money left and don't gamble again.

[Agbamoni]

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

This is not debatable. I would have avoided this mistake because the money that I won the other day would have been spent already. Always know your limit in gambling. I dont know if this is how everyone does it, but for me, I gamble with only the capital and remove the money I have won. I thought this was what everyone in the forum had been doing because we've had similar discussions other times. When you are on a winning streak, do not gamble with everything. Take out the profit, spend the capital on a bet. That's how you will avoid situations like this.

[Dr.Bitcoin_Strange]

There's a saying that when something bad happens to you, you will learn from it and not allow it repeat again, I have done this too, trying to compound my profits and it was working, I never wanted to withdraw until the profits gets to a certain amount but just in one bad day, I lose all the money because I lost control over how I normally approach the game. I have also experienced it in trading and I don't allow that to repeat.

[junder]

One of the moments that can make gambling enjoyable is when a player wins conversely, when gambling goes badly and results in a loss, that’s when it ceases to be enjoyable especially if the player can’t accept the outcome.

Although gambling is essentially an activity for fun, not everyone who engages in it views it that way.

Some approach it with that mindset from the very beginning, while others adopt it only after losing and there are even those who completely abandon the idea of gambling for fun. It all depends on each individual’s perspective.

[Crakryptvest]

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.

But was he expecting that he won't lose? Is he the owner of the casino, when you gamble and win huge amount for example, you don't need anybody to remind you that you're supposed to withdraw your profit, I don't know why winning blindfolds some gamblers to the very point that they will refuse to do what is expected of them,when you are winning don't forget so quick that you can as well lose almost immediately as you are wining because nothing is guaranteed in gambling and for that we shouldn't be greedy, I don't know why some gamblers think that taking a break sometimes isn't necessary.

[WhoYouCantKill]

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

This is not debatable. I would have avoided this mistake because the money that I won the other day would have been spent already. Always know your limit in gambling. I dont know if this is how everyone does it, but for me, I gamble with only the capital and remove the money I have won. I thought this was what everyone in the forum had been doing because we've had similar discussions other times. When you are on a winning streak, do not gamble with everything. Take out the profit, spend the capital on a bet. That's how you will avoid situations like this.

Although this was meant to be some kind of experiment though, and experiment to try out this new strategy I was thinking about, so I deposit that amount and I actually wanted to see how far I can grow that amount and how effective and profitable that strategy can be. I believe if I had stuck to that strategy, I think it would’ve been alright, I believe the reason I lost all that money was because I tripped after a few losses, else I would’ve been just fine.

[Ever-young]

Although this was meant to be some kind of experiment though, and experiment to try out this new strategy I was thinking about, so I deposit that amount and I actually wanted to see how far I can grow that amount and how effective and profitable that strategy can be. I believe if I had stuck to that strategy, I think it would’ve been alright, I believe the reason I lost all that money was because I tripped after a few losses, else I would’ve been just fine.

If it was merely an experiment, then this shouldn’t affect you, I mean losing the money. But if it were me, even if I’m only conducting an experiment and I notice that the money I’ve won is quite sizable, I’d definitely withdraw it immediately without a second thought, because the more you keep that money there, it’ll keep drawing you back to the casino to keep trying until you’ve lost everything, maybe this I believe has thought you some valuable lessons too.

[Sammye3]

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?

I experienced something similar to this recently but, only that i did not blow my account but still had a little left. One advise I would always give is: setting a limit to how much you want to gamble with, going with a plan and remaining consistent no matter the outcome because nothing good ever comes out of chasing losses.

Recently,  I accumulated a certain amount from consecutive wins but I did not withdraw because I had a certain target in mind. After series of winnings, I decided to increase my stake by 10 times with a couple of little odds but I lost everything. The feeling was terrible at first but I just had to let it go, because after that I had to withdraw and not chase my losses. I lost half of my winnings but I never regretted my decision.