How Much Money do You Have When You Lose Gambling??

[philipma1957]

I used to gamble over my head from the age of 4 and 1/2 to about the age of 33 and 2/3

I no longer gamble because I alway lost too much on my losing days.

I once walked 12 miles from a racetrack to my home because I was broke from betting on the horses. So broke I spent my train fare to get home.

[DabsPoorVersion]

I'm a little curious about the story. What happened next? Is it the boss's personal money or does it impact the company you work for?

What is most noticeable is that every month's salary from month 1, 2, 3, 4 there is a bottleneck in salary payments. All the workers are complaining and asking why our salaries have been late lately.
My friend (who has a higher position than me) at work finally had the courage to ask the company advisor and finally had an internal discussion (maybe urgently meeting company officials), which finally found out that my boss had lost in gambling, a total of up to 44,000 USD.
What's worse is that my boss gambled and lost his gamble by losing 44,000 USD using company money, part of which was to pay employees. That's why my salary at that time was always late for several months and it made all the employees panic and chaotic because all the employees so far had not made any mistakes or done anything negative.

So what I am thinking is correct. Your boss is spending a lot of money on gambling, the more shocking is that he is not using his own money. I can also see that there is a possibility that he is attempting to recover his losses, more like this has been happening for a lot of months. It is disappointing to see this kind of situation, especially that your boss has a position and responsibility in your company.

[Don Pedro Dinero]

Those of you who like to gamble, how much money do you have when you lose when gambling??
Is my story the same as the story of those of you who have a boss or friend and the boss or friend gambles and loses?
If anyone has the same story as mine, how much money did they lose when gambling??

In my case much less than your boss. A few years ago I have even lost a few hundred euros per session, in some sessions. But more recently I've even become more moderate and it's tens of euros, like 50 euros maximum in one session. Lately if for example I deposit in a cryptocurrency casino I can deposit 20 dollars and play slots for example in one session. If I win 100 dollars or more I withdraw it, if I lose nothing happens. Even when I was betting more heavily and therefore had bigger losses in some sessions it was money I could afford to lose.

[robelneo]

If I surf the altcoinstalks forum, especially gambling forums, it seems like I haven't found a thread about gamblers' losses, that's why I made this post.

I'm not a gambler and I don't want to gamble but this reality happens in my work environment in the office.
My boss apparently found out by my colleagues and all the company advisors that my boss had gambled and suffered losses.
Unmitigated, the loss reached 44,000 USD and that's the equivalent of the newest Honda SUV where I live, that's a lot of money and this really shocked me.

Those of you who like to gamble, how much money do you have when you lose when gambling??
Is my story the same as the story of those of you who have a boss or friend and the boss or friend gambles and loses?
If anyone has the same story as mine, how much money did they lose when gambling??

It is shocking how much money these wealthy people lose money in an instant in gambling, like Drake who lost millions, and Jordan whose losses run in tens of millions, we feel that it is a waste of time but then again these wealthy earn a lot of money that it's just a fraction of what they are making, the highest I've loss in gambling was $500 its already a big amount and it's my one-month income, for average income earner we take it hard even if we lose a few hundreds because we do not have the luxury of earning like what these rich people do.

[Stompix]

I used to gamble over my head from the age of 4 and 1/2 to about the age of 33 and 2/3

Phil, on what where you gambling when 4? 
I knew you were betting on the ponies from out other topic but, at 4???

I once walked 12 miles from a racetrack to my home because I was broke from betting on the horses. So broke I spent my train fare to get home.

Well, it was good for your body, you got enough time to lose all the anger, you had time to meditate..
But that's why I only bet on horses from the computer and I always load my account only with prepaid cards and get out of there every big win cause I know having money there will change my way of betting.
That being said, I once was at Ascot and once at Kempton, to be honest nothing beats the atmosphere there, you can't have the same in your house.

Also raw numbers are irrelevant.
$44k might mean 10 years of average wage in Philippine or half of year of wage in Norway.
It could also mean more than all a person has earned in his live or 1% of what he makes a year!
Somebody losing $100 might be in worse situation than somebody losing $5000 so hardly relevant for the persons involved.

What you say could be right or wrong, but this is my boss who owns the private company where I work.
I also don't understand that he gambled and could lose that much money, I just imagine that 44,000 USD is impossible for me to get if I work 4 years or more in this company.

As I told you it's about the amount of money he could have at its disposal at a certain time.
For example if I would get completely mad and spend the business of my family money I could probably throw away 1 million, but its' not that we have  millions in cash!! or that we would made such a profit in a year, but if I were to time my mistake I would maybe be able to do it.
And those two millions would look like an insane amount when the actual profits in a bad year are in the 1-3% margin.

That's the same for your boss maybe, he spent the money he was suppose to use for other things.
Having 100k in the pocket out of which 40k is for wages, 30k for buying equipment, 20k for running costs and 5k for bank loans doesn't mean you have 100k but 5k to spend.

[Primo1760]

If I surf the altcoinstalks forum, especially gambling forums, it seems like I haven't found a thread about gamblers' losses, that's why I made this post.

I'm not a gambler and I don't want to gamble but this reality happens in my work environment in the office.
My boss apparently found out by my colleagues and all the company advisors that my boss had gambled and suffered losses.
Unmitigated, the loss reached 44,000 USD and that's the equivalent of the newest Honda SUV where I live, that's a lot of money and this really shocked me.

Those of you who like to gamble, how much money do you have when you lose when gambling??
Is my story the same as the story of those of you who have a boss or friend and the boss or friend gambles and loses?
If anyone has the same story as mine, how much money did they lose when gambling??

I never gamble for money outside of entertainment I always gamble for entertainment. Since I use this gambling game as entertainment, I use a fixed budget of 1 to 5% of income for this gambling game. If I use 1 to 5% of the income, I will definitely have more extra money if I lose gambling. But even if I had extra money, I would never gamble with that money because I would never budget for gambling beyond my set budget. Especially I use sports sites for gambling and sports sites are very good for me and I can make predictions here. I do not participate in any gambling other than this sports site because I have a lot of fun based on sports sites. I have lost very little in gambling so far.

[EluguHcman]

@ OP, If you don't gamble and the same time doesn't want to gamble, then I would advice you not to engage on any gambling discussion. Else you could be inspired to gamble somedays and apparently, gambling is best suit for those who are ready for it because it requires an emotional uphold to take control of yourself. If not, your jumping into gambling just with the attractive discussions out of it might end you up regretting it because you where either not fit in and ready for it. So, please don't engage on what you are not ready for. Just an advice

[SmartGold01]

We need to culture ourselves while gambling because if we don't it would lead to unnecessary expenses where you wouldn't know when to use your company's funds to gamble and ends up being broke. I have never be in this condition before were I will gamble and emptied myself entirely, I have limits to my gambling lose and I won't gamble blindly where I can't know that I am wasting my money.

[masudginanjar]

I used to gamble over my head from the age of 4 and 1/2 to about the age of 33 and 2/3

What?? What gambling games can you gamble on from the age of 4?
I just heard this and it sounds strange to me.

It is also possible that he is attempting to recover his losses, as this has been a recurring issue for several months. It is disheartening to see this kind of behavior, especially given that your boss is in a position of authority and responsibility within the company.

It is not known how often he gambled, but what is known is that the total loss and loss of money was around 44,000 USD and my boss must be held accountable for this because this money is company money for employee salaries.

That's the same for your boss maybe, he spent the money he was suppose to use for other things.
Having 100k in the pocket out of which 40k is for wages, 30k for buying equipment, 20k for running costs and 5k for bank loans doesn't mean you have 100k but 5k to spend.

No, he didn't spend his 44,000 USD for other purposes, but it was purely all he lost in gambling.
BTW, before finding out why my company was late in paying salaries, my friend who had a higher rank than me dared to ask the company advisor and then held an internal company meeting with company officials and my boss.

[Kemarit]

I used to gamble over my head from the age of 4 and 1/2 to about the age of 33 and 2/3

I no longer gamble because I alway lost too much on my losing days.

I once walked 12 miles from a racetrack to my home because I was broke from betting on the horses. So broke I spent my train fare to get home.

Damn, so you did the walk of shame? I haven't did that in my career as a gambler, I also have some money left in my pocket for my transportation.

But I have someone close to me who did that, he told me the story, that he wasn't able to control himself and then he cry in front of me. It was like a decade ago, but still the memories is fresh in my memory that I remember it. So when I gamble, I will also have money behind my back to that I can go back home after I lost all my money.

[LUCKMCFLY]

I am a person who has learned many strategies of the game thanks to experience, which are based on trial and error, when I started I lost a lot, almost that if I had 200usd to play, I lost the 200 and I even looked for money and lost it, In fact, I came to the point of telling myself that I wasn't good for this, that most of the things I was looking for on YouTube were people winning the game and I wasn't, or what I was doing was losing, then over time I began to realize that I shouldn't bet all the money because later without money things are more difficult.

Later, with the passage of time, I also learned some trading and thanks to trading I realized that things could be done very differently, I learned that the money I put into trading had to be the one I was willing to lose without it affecting my life, and the same applies in gambling, so when I play my money willing to lose does not exceed $10.

[Litzki1990]

I never gamble in such a way that if I lose a game I will lose all my money or I will continue to gamble until I run out of money. I bet some part of the money I have and when I put the money in the budget I don't think I can lose it and I don't regret it. Since I didn't think about these things beforehand, I don't regret it much even if it means losing money. If we regret these things, we will feel like we are gambling with more money, but these cannot be done at that time, but at that time we have to wait patiently for the opportunity. At that time, if one can patiently wait for the opportunity and if one can bet again at the right place during the opportunity, then the loss will be easily recovered. I think a gambler should always keep in mind some tricks when it comes to gambling.

[Rubel007]

I have not come across any real story where any of my office bosses were addicted to gambling and loss large amount of money. But I saw one of my roommates who lost all his job money while gambling. He was so addicted to gambling that after finishing his job he did nothing but gambling. I was amazed how he lost all the money from his job in just one day. His rate seemed too high to me. But he took such a big risk because he had won huge amounts from gambling in the past. But personally I am not interested in using such money in gambling. I am interested in gambling losing but never betting with all my assets.

[Uruhara]

My biggest loss in gambling was probably around 200usd. But at that time I felt like I was possessed by greed. because actually the 200USD that I lost was originally a profit that I could take. But I chose to replay it in one go and it was all gone. This made me realize that greed is what destroys a person, whether in business or in gambling.

The money I use for gambling is no more than 1% of the money I have. Because that's the only thing I can be willing to do if I have to lose. I am also trying to avoid gambling.

[LUCKMCFLY]

My biggest loss in gambling was probably around 200usd. But at that time I felt like I was possessed by greed. because actually the 200USD that I lost was originally a profit that I could take. But I chose to replay it in one go and it was all gone. This made me realize that greed is what destroys a person, whether in business or in gambling.

The money I use for gambling is no more than 1% of the money I have. Because that's the only thing I can be willing to do if I have to lose. I am also trying to avoid gambling.

It's hard for me to lose 200usd, it's a lot of money and it helps a lot, but if now you're Trying to Avoid Gambling it's very good of you , sometimes you leave it because you feel you can lose more, I honestly lost Something like that at the time and It was very difficult for me to be able to recover them again because things are very different in terms of work for that time, however when I had losses of that style I ended up scared , I didn't like it at all, it was as if I had done something very bad, and it lasted mentally badly, of course this is something that Affected me in that sense , I could say that when a person loses a lot of money they have to put their hand on their heart and avoid it at all costs.

In other games of chance it is unlikely that one loses, because the game is like that , it is About winning and losing, what you are Looking for is that you can Win much more than lose , that is what you basically have to look for, otherwise It is better to stop and look for another strategy.