Damn it I just lost all my bitcoins

[onlyu]

Should not gamble what you can not afford to lose.

[Nathonas]

At least you didn't lose 8 BTC like me. BTC that I needed to pay my university tuition no less. It will feel like shit and you will feel like a fool for a couple of days, but it will go away and you will remember it and laugh. You'll get over it. I did 

[ranlo]

You will never come out ahead if you gamble.  You may have a lucky streak and win a little.  The longer you play the more you'll lose in the long run. The casino always has the advantage.

Sorry about your luck, at least it was only 1.6 btc. I have a buddy that gambled away his condo.  The bank foreclosed because he kept gambling away his mortgage payments.

When you start gambling that much, you know there's a big problem. I personally don't gamble at all (aside from investments), and instead just live vicariously through others. I'd rather risk nothing and lose nothing than risk a lot and win a lot.

[m_murfy]

It's not a nice feeling.
When you are on-tilt, you need to just walk away.
Never gamble for profit. Only gamble for fun, and with no more than you can afford to lose.
A good rule from the outset is to expect that you will lose all the money you are gambling with.
If you can't afford to lose all of it, stop yourself immediately.

[Gimmelfarb]

All gamblers lose eventually.

You can verify this by measuring the size of the casino industry.

depends on your definition of gambling. dice, craps, roulette? this is gambling? poker -- not so much. i made a good living playing online poker before the dreaded Black Friday hit and threw a monkey wrench in my lifestyle...

[ranlo]

All gamblers lose eventually.

You can verify this by measuring the size of the casino industry.

depends on your definition of gambling. dice, craps, roulette? this is gambling? poker -- not so much. i made a good living playing online poker before the dreaded Black Friday hit and threw a monkey wrench in my lifestyle...

Poker is still gambling. It's just considered as a "skill-based" game. We could really say that craps is also skill-based in the same way.

[Gimmelfarb]

All gamblers lose eventually.

You can verify this by measuring the size of the casino industry.

depends on your definition of gambling. dice, craps, roulette? this is gambling? poker -- not so much. i made a good living playing online poker before the dreaded Black Friday hit and threw a monkey wrench in my lifestyle...

Poker is still gambling. It's just considered as a "skill-based" game. We could really say that craps is also skill-based in the same way.

sure, it's gambling in the sense that betting on anything based on probability is gambling. trading equities, or bitcoin, is similar in that way. craps could be seen in the same vein -- though the house has odds on you; the probabilities are always against you. so, in that sense, it is a very different form of gambling and i would say more fitting of the definition.

[ranlo]

All gamblers lose eventually.

You can verify this by measuring the size of the casino industry.

depends on your definition of gambling. dice, craps, roulette? this is gambling? poker -- not so much. i made a good living playing online poker before the dreaded Black Friday hit and threw a monkey wrench in my lifestyle...

Poker is still gambling. It's just considered as a "skill-based" game. We could really say that craps is also skill-based in the same way.

sure, it's gambling in the sense that betting on anything based on probability is gambling. trading equities, or bitcoin, is similar in that way. craps could be seen in the same vein -- though the house has odds on you; the probabilities are always against you. so, in that sense, it is a very different form of gambling and i would say more fitting of the definition.

Ahh, what you mean then is just the house has an edge when "gambling." FWIW, in poker the house has an edge as well: rake and antes (depending on the casino).

[Gimmelfarb]

All gamblers lose eventually.

You can verify this by measuring the size of the casino industry.

depends on your definition of gambling. dice, craps, roulette? this is gambling? poker -- not so much. i made a good living playing online poker before the dreaded Black Friday hit and threw a monkey wrench in my lifestyle...

Poker is still gambling. It's just considered as a "skill-based" game. We could really say that craps is also skill-based in the same way.

sure, it's gambling in the sense that betting on anything based on probability is gambling. trading equities, or bitcoin, is similar in that way. craps could be seen in the same vein -- though the house has odds on you; the probabilities are always against you. so, in that sense, it is a very different form of gambling and i would say more fitting of the definition.

Ahh, what you mean then is just the house has an edge when "gambling." FWIW, in poker the house has an edge as well: rake and antes (depending on the casino).

yes, but rake is very different than "playing against the house" (with bad odds). in poker, you are matching your analytical/statistical skills against other players. the rake might be more comparable to commission on an equity trade. you are paying the house for their services -- not playing against them.

[mezmerizer9]

I know how you feel, I once lost 10k doge, not as much as you, but still bad. Do not gamble, people but if want to, just send your btc to me.

[IamCANADIAN013]

You will never come out ahead if you gamble.  You may have a lucky streak and win a little.  The longer you play the more you'll lose in the long run. The casino always has the advantage.

Sorry about your luck, at least it was only 1.6 btc. I have a buddy that gambled away his condo.  The bank foreclosed because he kept gambling away his mortgage payments.

When you start gambling that much, you know there's a big problem. I personally don't gamble at all (aside from investments), and instead just live vicariously through others. I'd rather risk nothing and lose nothing than risk a lot and win a lot.

That the problem, the bigger problem was that he didn't realize it until it was too late.  I know gambling addiction is apparently a thing, but I don't get it.  Whats addictive of losing everything you have?

I know the same can be said about drug addicts, since it ends the same way, but at least you get high.  I mean, I've tried an arrange of drugs and can see how they could become addictive.  I've gambled, I can't see how that can be addictive.

What is it about gambling that makes certain people grow an addiction to it?  

The lights and sound the machine makes?

[dadugan]

When the house have odd against you, the longer you play, the sooner the odd realized itself in the form of losing money.

[DolanDuck]

The rule with gambling is simple and well known: never bet more than you can afford to lose.
But most people just go in rage mode and cannot think about what they are doing.

[madken7777]

The rule with gambling is simple and well known: never bet more than you can afford to lose.
But most people just go in rage mode and cannot think about what they are doing.

Thought process is taken over by rage when people gamble.

If everyone think rationally, casino industry won't get this big.

[nickenburg]

That really sucks man, but you should never ever try to win your losses back.
That is one thing I learned in poker, because if you try to win your money back you just lost.
You are gambling on emotions, and not on rational thinking so you make decisions you would normally not make.
If you just lost just quit and play another day.

[zetaray]

Gambling is fun when you know when to stop. I don't have a gambling problem but have lost more before. One thing I say to myself when I am on a loosing streak is: I do not have to winner everything back today, I can keep this loss on my 'tab' and continue tomorrow or next time I am here.

[GoofyUK]

I don't have a gambling problem

Famous last words.

[cowandtea]

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

Well, thats what happen when you gamble. The key is not to gamble any more to make up your lost 1.6 BTC.

[gagalady]

Gambling requires a lot of logical thinking and calm nerves , to know when to stop or not. Gambling involves usually "big" risk factor but you should know that there are many many factors that can help you a lot and even get odds on your side. A lot of people who gamble gets into ardor and It will always end up in losing in case you stop at the right time. Professional gamblers knows where to play, what to play, how to play. If you are really smart you can really profit from this, but even people who do It usually learns It the hard way there Is no easy way to this, and others after big lose just stops or play till they lose everything. And If you about to blindly bet you should play with the money you "already lost" or willing to lose. In conclusion I would not recommend to gamble maybe If you want to have some ardor for fun, play ONLY POKER. 

[trashymonkey]

Oh man, I am so broke. I just asked for a small loan (not for gambling) over at lending and they basically told me to kick rocks.