Just lost all of my money gambling

Bet365 is cool

Lesson #4 never "react" thinking you have to "fix" the loss
Your next bet should be ever the same move you was going to do, regardless you won or lost the previous one

Red Beard said:
Your only mistake was not taking the 1000 out so you were playing with house money.
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Also this
 
You can't be successful gambling without discipline. I've played poker for years and made tons of mistakes that cost me money. Took a lot to have the mental strength to just stop at the right moment and be happy with what you got.
 
Gambling is a slippery slope. You lose some, win some, win some more boosting your confidence, then end up losing it all in an instant. Eventually you're living on the streets turning tricks just to get a little pocket money to bet on the local turtle races.
 
AminoAcid said:
S
To all of your betters and gamblers out there, never, EVER make the same 3 mistakes that I made.

Never, ever get too greedy (mistake 1).
Never, ever place 50% of your account's capital on a single bet (mistake 2).
Never, ever place 99% of your account's capital on a single bet (mistake 3).
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I feel like you're coming away with the wrong lessons.

#1 Don't Gamble
#2 ...unless you're the house.
pinger said:
Gambling is a tax for people who are bad at math
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My maternal grandfather called the lottery the "idiot tax".

He was wealthy.
 
AminoAcid said:
Sup ya'll. Need to get this off my chest. Sorry if this isn't the right place.

Anyways, couple months ago, I put $1000 in my BET365 account. Over the coming weeks, I managed to turn that 1k into 4.5k, mainly betting on sports such as NBA, UFC and volleyball.

Today however, I felt exceptionally greedy for some reason (mistake #1) and decided to place a 2k parlay (mistake #2) on a series of matches I felt confident in. That however, didn't work out and I ended up losing $2000. I couldn't bear seeing my account balance down all the way to 2.5k, and so I placed more bets throughout the day that I felt confident in. Long story short, I managed to recover the 2k that I lost. That's right, I made up the 2k and had my account back up to 4.5k, where I started the day off at. I was feeling relieved and was about to call it quits for the evening.

However, a very greedy part of my being convinced me to place one more parlay, just so I could ride the hot streak that I was currently on and end the day over the 5k mark. So I put in 4.5k (mistake #3) on a 4 match parlay, 3 of which ended up winning, with the 4th one losing to a buzzer beating 3 point shot (Euroleague).

Before I knew it, I had lost $4500 in a blink of an eye.


To all of your betters and gamblers out there, never, EVER make the same 3 mistakes that I made.

Never, ever get too greedy (mistake 1).
Never, ever place 50% of your account's capital on a single bet (mistake 2).
Never, ever place 99% of your account's capital on a single bet (mistake 3).


I got too cocky, I got too stubborn, I got too confident, and I lost everything in my account.



To end things, I just want to say that I only put $1000 in originally, and I did not plan to ever see this money again. So if shit hit the bed (and it did) I wouldn't be overly disappointed about it (I still am, however). The $1000 that I put in I could afford to lose - my finances are solid and I'm not hurting financially because of this loss as I never was expecting it to help me in the first place. Still however, it just hurts a bit knowing I made a few G's only to lose it all in a blink of an eye. I could have had a lot of fun with a few thousand dollars..


I have a total of $20.81 left in my betting account, and I don't plan on adding anymore for at least another 365 days.


LIVE BY THE GAMBLE. DIE BY THE GAMBLE.
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you bet exactly like me, and on the same platform bet365.
I do ufc and football (real football not that american shite)
Football both teams to score bets are always my bets.
Over a weekend I’ll turn 20 into 400 and then end up with nothing because I refuse to stop until I have something substantial.
I’ve actually got the bet365 debit card so you can draw cash off the account from an ATM
I’ve done it a couple time’s and pulled 1000 off it but the truth is, I’ve got money.
What I want is to pull like 20 grand off it.

AC Milan game later BTTS thank me later
 
-Magua- said:
images

Put another $4500 on KC this week at +3.5.
It’s a lock.
$9000 in your account ain’t bad.

Then make a Mystic Magua appreciation thread.

De Nada HomeSnake
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I got Ravens winning over KC.
 
gnyg said:
If you absolutely have to bet, then you should have an clear-cut strategy that you never deviate from. Much like strategy for trading. Its all about probability, psychology and place a small percentage of your total to minimize risk.
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This. Gambling as well as stock market (which can be basically gambling too) you have to have a strategy. If you go in with emotion or "gut feelings" you will get crushed. It's easier said than done though.
 
Haha thanks for the feedback everybody. Can’t lie I can always rely on sherdog to cheer me up.


I’ll be honest, I haven’t even thought about the loss today until this very moment. Not really hurt by it anymore. I’ll take your advice and stick to a game plan, no matter what. I had a game plan going in when I put $1000 in, and it worked pretty good for me. I just started deviating from it near the end because I got greedy. Can’t have that happen. Easier said than done of course.


Ill take a break. Might put in another $1000 sometime next year. For now I’ll just reflect on the shit that went wrong.


Appreciate ya’ll.
 
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