Quote from: playboy654 on February 10, 2019, 01:46:12 AM

Quote from: Get-Paid.com on November 18, 2018, 02:11:02 PM

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.

Its not at all easy to control your emotions. In case you are winning, you are more tempted to spent more money in gambling and this could result in loss, as it did in OP case.

Quote from: mersal on February 10, 2019, 01:12:51 PM

It can be a huge loss for him if he to the correct more then he will be getting the all profit from his home but the limitations of the most important thing for a gambler to get the profit to his hand while it was unlimited then nothing will be returned to our hand in the gambling.

Well, if he does not know to take the profit out of gambling, then such winnings is of no use as it will all lost in other gambling activities.