Post
Topic
Board Gambling discussion
Re: This person made $500,000 with gambling and lost it all within 60 seconds!
by
Caladonian
on 10/02/2019, 01:58:39 UTC
The story is from about almost 5 years ago but this is 100% relevant to 2018 or 2019 or many years to come, you can read it here:

https://www.reddit.com/r/IAmA/comments/1ch7wb/starting_with_almost_nothing_i_made_almost_500000/

In short version, he gambled on Bitcoin, made $500,000 - and lost it all later on, he then continued to gamble in Roulette and other games, and ended up with $50,000 in debt.

By the way,
This is not only related to Bitcoin or Casino Games - if you think Sports betting is different think twice after reading this:

https://www.psychforums.com/gambling-addiction/topic182379.html

This person lost over $300,000 within 48 hours, all because of sports betting, he had bets on tennis, basketball, soccer - you name it.

And there are many more stories to read such as this:

https://www.reddit.com/r/problemgambling/comments/4pzgmu/i_just_lost_140000_in_5_minutes/

Moral of the story - you can never be rich with gambling, and even if you end up being "rich" - you would lose the whole lot in no time ... only the house wins because the house has an edge.

the problem is a person could not control his emotion and happiness while getting the profit or loss being calm and composed will very important to be a profitable Gambler and if you got a huge profit take the winning amount quickly and invest from the new little amount this will be the right way to reduce the loss happening.
Very well said, if you still have control while you are feeling lucky like this, but most of the time it's greediness who keeps you coming back and
let you to feel that you are undefeatable, aiming to keep more and more winnings, control and misuse of his lucky day for sure many of us will
say if only he be able to save even little winnings or just stay away when he already loses everything and not to push and be back losing another
bankroll of his own.

Kinda unusual but its really happened inside the gambling casinos.