From 650 Bitcoins to one: Why you should never gamble

[twister]

I haven't lost that much btc, but I have lost a lot of money in off-line gambling, I can control myself and have succeeded in staying away from it from last 3-4 months but I do get the occasional  itch and I then gamble with as much btc I have at that time and end up losing it all. I don't think I can say I have an addiction coz I am able to control myself for the most part but I think my father has an addiction, he to this day wakes up and goes out to various casinos and betting centers everyday and if for some reason he can't because of his health or any other reason, he gets really up-set. I think up-to now he must have lost over $40k.

[fast2fix]

Well, I have a gambling problem and I will ask my "Shrink" for help. My problem is that I like to play roulette. So long story short, I made it from 650 Bitcoins, where almost 600 were pure profit, to one. You can check it here: https://blockchain.info/de/address/1GJ7EMh9JyyBAKteQZLHXn8jbHz5ymfCqW And 340 Bitcoins from my winnings are not even in the Blockchain, als I only had them ingame (roulette) and sadly did not cash out until I had lost everything.

So here is my warning: Never gamble! It is just not worth it! Not the money, not the nerves. I also have played roulette wiht Fiat money in the last 10 years, my total loss up to date is around 25'000 Dollars. I now only have 1.4 Bitcoinis and 10.250 Million Dogecoins left...Now I just have the money to make ends meet.

that sucks! i'd stopped gambling last year and will try to keep on avoiding .  

[casinobitco]

Where did you play?  Sick beat and luck - but you should have been playing with CasinoBitco.in as you'd have more than ample kickbacks and automated comps to keep you in the game. Based on that kind of loss, you'd still have 100 btc if you were playing with us.

Regardless, it's a shame.

[EvilPanda]

There's also this little thing called entertainment. Some people are just having fun gambling and even if they lose they treat it like paying for a cinema ticket or for an arcade game. Some games are more entertaining than other, for example electronic dice seems really boring, some on the other hand like poker you can play for hours and have fun even if you lose. So my advice to you, play a game you actually enjoy and spend a small amount of money, you'd normally use to buy booze or smokes. If you lose you'll at least be able to say you killed some time

[Minnlo]

Gambling is just like drugs; you can have fun in moderation but not knowing when to stop can ruin your life pretty quickly.

Exactly mate..In moderation it can be fun..and be profitable at the same time. I used to bet on all the games I can find n lose a lot. now I only bet one or 2 games a day max.. N i am making some profits now

The only gamble that really allows you to make profit is sports bets and such, roulette and others are just not gonna help you.

not really, all gamble are just the same, even if you bet for favorites on the sports bet, they always have the chance to lose to a small teams, so there is never a guarantee that you really make money
and againts small team, they got a pretty small odds, tempting you bet huge amount wit small gain

Some games like sports betting and poker have a skill factor. If you are good at it, you could have a better chance to win than less skillful players and you may even have a +EV. Some games like roulette and dice depends on luck only.

[adaseb]

You claim 600 BTC were pure profit, so you pretty much just lose what you've won which isn't so bad. Many get into debt due to mining and get relationship and health problems. Its good you are aware of the issue. Its only money and could of been worse.

[Astargath]

Gambling is just like drugs; you can have fun in moderation but not knowing when to stop can ruin your life pretty quickly.

Exactly mate..In moderation it can be fun..and be profitable at the same time. I used to bet on all the games I can find n lose a lot. now I only bet one or 2 games a day max.. N i am making some profits now

The only gamble that really allows you to make profit is sports bets and such, roulette and others are just not gonna help you.

not really, all gamble are just the same, even if you bet for favorites on the sports bet, they always have the chance to lose to a small teams, so there is never a guarantee that you really make money
and againts small team, they got a pretty small odds, tempting you bet huge amount wit small gain

Some games like sports betting and poker have a skill factor. If you are good at it, you could have a better chance to win than less skillful players and you may even have a +EV. Some games like roulette and dice depends on luck only.

There is people here that has been posting their sport bets and some of them have profits after thousands of bets so yeah you can have +EV

[Stars]

You claim 600 BTC were pure profit, so you pretty much just lose what you've won which isn't so bad. Many get into debt due to mining and get relationship and health problems. Its good you are aware of the issue. Its only money and could of been worse.

I don't think it matters that much that the 600 BTC was profit. I'm sure 600 BTC to him is a lot of money therefor it's very hard to look at it as you just lost your profit. He's probably looking at it as $162k loss which is horrible.

[crytoboost]

Well, I have a gambling problem and I will ask my "Shrink" for help. My problem is that I like to play roulette. So long story short, I made it from 650 Bitcoins, where almost 600 were pure profit, to one. You can check it here: https://blockchain.info/de/address/1GJ7EMh9JyyBAKteQZLHXn8jbHz5ymfCqW And 340 Bitcoins from my winnings are not even in the Blockchain, als I only had them ingame (roulette) and sadly did not cash out until I had lost everything.

So here is my warning: Never gamble! It is just not worth it! Not the money, not the nerves. I also have played roulette wiht Fiat money in the last 10 years, my total loss up to date is around 25'000 Dollars. I now only have 1.4 Bitcoinis and 10.250 Million Dogecoins left...Now I just have the money to make ends meet.

that is really sad story about gambling, it was just bad luck to lose such high amount in gambling.

[Coef]

Gambling is just like drugs; you can have fun in moderation but not knowing when to stop can ruin your life pretty quickly.

This. When you notice you may have problems in gambling addiction, you really need to stop immediately and get some external help.
FYR: http://www.helpguide.org/articles/addiction/gambling-addiction-and-problem-gambling.htm

[Gibbs187x]

Well, I have a gambling problem and I will ask my "Shrink" for help. My problem is that I like to play roulette. So long story short, I made it from 650 Bitcoins, where almost 600 were pure profit, to one. You can check it here: https://blockchain.info/de/address/1GJ7EMh9JyyBAKteQZLHXn8jbHz5ymfCqW And 340 Bitcoins from my winnings are not even in the Blockchain, als I only had them ingame (roulette) and sadly did not cash out until I had lost everything.

So here is my warning: Never gamble! It is just not worth it! Not the money, not the nerves. I also have played roulette wiht Fiat money in the last 10 years, my total loss up to date is around 25'000 Dollars. I now only have 1.4 Bitcoinis and 10.250 Million Dogecoins left...Now I just have the money to make ends meet.

its alright man dont stress man lifes to good to stress over this much just chill out ha what site you use?

[Pascal Parvex]

Where did you play?

I played at Bitzino.com. They have a limit of 100 Bitcoins on 2:1 bets...Once I put 100 Bitcoins there and won, and once I lost. That's a cool $25'000 both times.

[Gibbs187x]

Where did you play?

I played at Bitzino.com. They have a limit of 100 Bitcoins on 2:1 bets...Once I put 100 Bitcoins there and won, and once I lost. That's a cool $25'000 both times.

damn i see fuck man i dont even have 1 btc lol let alone 650! which was all winnings ? just consider it a lose and move on hard as it iss man i feel the pain i guess being poor<--me lol and being a gambler are two differnet things? :/

[wealthy$]

I've lost about 50.000$ gambling in the past 7 years. I highly suggest any one who gamble to quit. I'm learning about it stopped doing so from now 2 Months and I felt much better.... I still got debts for about 6.000$  and I just work to pay them all and invest into any long/short term EV+ deal. OP I love people like you as I feel I'm who knows we never had to gamble (Again) on our cases. But those who don't know the gamble at all (The vice of it ) Stay away, sometimes I don't know why people full support gambling sites in this forum when if you think about it gambling only ruins ppl life.

[Gibbs187x]

I've lost about 50.000$ gambling in the past 7 years. I highly suggest any one who gamble to quit. I'm learning about it stopped doing so from now 2 Months and I felt much better.... I still got debts for about 6.000$  and I just work to pay them all and invest into any long/short term EV+ deal. OP I love people like you as I feel I'm who knows we never had to gamble (Again) on our cases. But those who don't know the gamble at all (The vice of it ) Stay away, sometimes I don't know why people full support gambling sites in this forum when if you think about it gambling only ruins ppl life.

stocks?? maybe ive been looking at organovo! and tesla

[Sammal]

Im sorry bro For ur loss, Look Mine ive had over 6 btc but gambling (: https://blockchain.info/address/19Un1cDJuUahwrXASJnVMJmjawRnFchrSb

[Gibbs187x]

guys keep it cool man its chill sometimes you win, sometimes you lose like OP i have lost before but nothing compared to this guy. i felt crappy when i lost 6btc but 650btc.. but on topic op go outside man smoke a j haha jk do you gamble all the time?

[girlbtc.com]

you should gamble with stratagy not only with luck .

when you win with luck , you find it is too easy to make money this way ,and you can not stop.

when you win with stratagy, what is not that easy, it force you to think and enjoy. so it is a game more than gamble.

our game 

Current round:2015-03-03 18:00 (GMT)0.005btc V.S.   0.008btc

wish your support.

[Nobitcoin]

Your a fellow addict. The problem is that you need to fill your time doing something constructive and don't resort to gambling. Looks like you won a lot first and lost your profits which is very Lucky for you a lot of people have it the other way round.

[Mist]

Hello fellow degenerate, fortunately i don't have the bankroll that you do. I would most likely lose it.