So I just lost all my btc saving (1.6 btc) by gambling, in about a half hour. I lost just a little bit, and of course I gambled a little more trying to make it back. I lost even more, so I started putting even more to try to make up. Eventually I found myself down to .4, and I put it all down, and thought maybe I would double my money, and just stop at .8.
Well I lost that too, so now I am completely broke. I feel like such a schmuck. I honestly don't feel that I have a problem with gambling (probably have maybe 3-4 hours of online gambling experience under my belt) and one trip to Atlantic City, where I spent 50 bucks (which was "fun money" that I already figured was spent). I've never done anything so foolish before!
Now I'm flat broke. Like I have 5 dollars in my wallet, and that is it.
I don't really know where I'm going with this, I just feel like a jackass
If you never gamble more than you can afford in your life it will be a very cheap lesson; if you only do your big mistakes once you will become extremely rich and happy
Try to save again and buy some BTC and you will forget about this story
when it comes to gambling -- and i don't recommend it -- you need to have bankroll management. betting 1/2 or all your bankroll at once is a sure way to lose it all, every single time (because once you win once, twice or even a third time you will eventually lose it all)
If you play at a casino game, the more you play the more you expect to lose; no betting strategy is going to help your expected return, it can only help having more fun