Damn it I just lost all my bitcoins

[Phinnaeus Gage]

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

Damn, I just lost all my PayPal coins on some gambling site. I worked so hard selling shit on eBay and what nut, but now I feel like a schmuck.

Now, I'm flat broke, only having a few satoshis to my name. I now feel like fucking a jackass.

My PayPal account is... My Dwolla account is... And, I accept barter if anybody desires to tip me due to my stupidity.

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[MisterDD]

Please do not gamble anywhere on the internet. There is always some way or script which will go on the side of the house - gambling host.
There are some more or less fine sites, but if you gamble, be sure you have some secure level where you stop and try again, so that you have always profit.
I do not know which games you guys play, but it is better to stop several times during the day with small profit, than play for one hour, receive some bad row and then you lose all.
I do not recommend gambling, that I must say laud and clear. Watch out people.
All that what you see on internet about big profits, is maybe just a trick to invite people on gambling games.

[Ron~Popeil]

Gambling in itself can be fun but there is a weird psychology to it that affects some individuals. I have seen people gamble away 50-60 btc in a few seconds on some of the gambling sites.

[androz]

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

telling you do not gamble now will sort no effect. you have only to go ahead and don't forget this hard lesson

[HigsonPP]

this is why i don't gamble....

[KonstantinosM]

Gambling is a sure way to lose money unless you're the casino or find a way to cheat or to get the odds in your favor. Dice sites on the internet always have the odds against you. You may get ahead for a short while but the long term trend is going to be your balance going closer to 0 the more time you play.

Once you know this then you won't bet a single satoshi on one of those sites.

[Nathonas]

Gambling is a sure way to lose money unless you're the casino or find a way to cheat or to get the odds in your favor. Dice sites on the internet always have the odds against you. You may get ahead for a short while but the long term trend is going to be your balance going closer to 0 the more time you play.

Once you know this then you won't bet a single satoshi on one of those sites.

Trust me, I knew this when I was betting and losing all my BTC. The problem is not that people don't realize that, it's that human nature makes you think that A) you can win big and stop and B) you HAVE TO chase your losses instead of getting out while you still can. I could've gotten out with half my BTC but instead I kept going like an idiot.

[ArbatDeli]

if you gamble, you have to have a better system. google "bankroll management" to see what % of your bankroll you should use on any one bet

[akali]

That really sucks that you lost all of your btc.

But you did kinda had a gut feeling before I`m sure.. that if you`d lose then you would stop right?

Anyways, I learned from your valuable lesson to never use my hard earned bitcoin unless I have some plan before I go in.

[ARGpentem]

did the SAME exact thing myself about a year ago. never rolled dice like that again....

[Nathonas]

It's hard to bash gambling when many of us have signatures promoting it.

Haha. The way I look at it though, there is nothing wrong with gambling with money that you can afford to lose. But people like OP (and myself) were gambling with money they couldn't afford to lose.

[Kluge]

Low-stakes poker with friends. Everything else can go to Hell. (except Dragon's Tale, where I had the odd opportunity to buy an account once where it was nearly ev neutral and came out ahead, then gave the account back without a second thought)

[Phinnaeus Gage]

did the SAME exact thing myself about a year ago. never rolled dice like that again....

I remember my first Omaha8 session and sweeping two back-to-back monster posts, both times with Quad Jacks. I thought I mastered the game as I was up over a grand. Later that night I went bust. Now, I can play and beat the game sans even looking at the cards (quasi-literally).

I knew of a team that traveled the country playing $1 slot machines via $2 token with the machine only registering 1 credit ($1), and were making a killing... Til they got arrested - twice. The first time, a judge tossed out the case because he won't accept the fact that the casinos were losing money with such a crazy proposition. The prosecutors did a better job the second time around in getting the charges to stick.

These guys were so good at their craft, that they pulled off this scheme right in front of security that they buddied up with, but would have turned them in if they had a clue as to what was up.

Sans any foreign objects used (just the coins, one a time, played regularly like a normal token), can you figure out how such was accomplished? It's genius once you learn how.

[keithers]

if you gamble, you have to have a better system. google "bankroll management" to see what % of your bankroll you should use on any one bet

This sounds like advice coming from an online poker player   

[Argwai96]

When I played dice, I used a variant of Martingale and did alright. Took profits early on every good run because inevitably you always, always end at zero (since you don't have a never-ending roll). Sorry to hear...

[onlinepro]

Well, I hope you learned your lesson, never gamble.

[Nobitcoin]

Well join the club!  Lost around 3btc to primedice (my favourite place to lose). Hope you feel better now   

[ahmedjadoon]

I feel sorry for you.I guess that's why gambling in prohibited in my religion Islam.

[ashe]

I feel sorry for you.I guess that's why gambling in prohibited in my religion Islam.

Oh really? I didnt know gambling is religion specific.

So what happens if you are from Islam, american born raised and you gamble? do you go to hell or something?

Or is it more of a shame on your kind of thing.

[Kluge]

I feel sorry for you.I guess that's why gambling in prohibited in my religion Islam.

Oh really? I didnt know gambling is religion specific.

So what happens if you are from Islam, american born raised and you gamble? do you go to hell or something?

Or is it more of a shame on your kind of thing.

A fair number of Christian denominations don't gamble, either, sometimes justified with a story that Jews gambled on how long Jesus would live on the crucifix, which makes it particularly vulgar to some sects. It's basically considered a waste of precious life, and usually harmful to self, sometimes an addiction. Generally, self-harm (and unnecessary harm in general) is considered an insult to God, disrespect toward His creations. He probably won't eternally damn you just on that, though (for those believing in Hell). Fwiw.