Set Realistic Goals

[Edward]

I get a lot of people messaging me lately talking about how they can never seem to win. Upset about the outcomes of their deposits. In some cases, I can sympathize, in others, not so much. I'll pull up a players account & I will see they deposited say $50. They have turned it into $150 and then lost. How is that bad luck I will think to myself? That's not bad luck. That's great luck combined with simply not knowing when to stop. 

Players who are in profit are the ones who know when to cash out. They set a goal. They stick to it. They take their winnings. They are content. Losing players are the opposite. They will go on and on until they lose. This is not smart. Unless you have unlimited money, if you play for an unlimited amount of time, you will lose. That is how gambling works.

Set goals. Stick to them. Cashout. Play smart.

[cointikka]

Absolutely correct defining a limit and setting up a realistic goal for yourself is the most important thing to keep in mind while betting. Thanks for the lovely post.

[DanielRandomDud]

its greed. Turning 50 into even 75 is lucky . You should withdraw 50 and play with 25 for practicaly free since then

[Kate]

Edward just took words of mine i mean like why do people say " Oh i made 100 $ and then i bust " that is not bad luck that is your in capability of not knowing when to stop at all.

[yanny5]

yes because luck  is limited only, cash out the deposit and taking a little break will do. Many people want instant and big profit lol

[yololife222]

Yeah i hade a goal of getting 225eur and withdrawing but greedy me busted it all cuse one dude scamed me for my 10$ and i did all in to get it all back.... wish i withdrew that.

 

[pfodo]

I fully agree, I have repeated this error many times and I believe that I will be more self controlled and no so much greedy next time.

[Shaniqua]

yeah, its these goals that i dont have that are an issue... go in with no goals... prepare not to come out

[williamshennie9]

True winners know when to withdraw and stop playing. Greed will always cause you to bust in the long run, so I agree with you, that self control is needed to know when to stop gambling, so that you can actually make a profit.

[Sefan]

4 hours ago, Edward said:

I get a lot of people messaging me lately talking about how they can never seem to win. Upset about the outcomes of their deposits. In some cases, I can sympathize, in others, not so much. I'll pull up a players account & I will see they deposited say $50. They have turned it into $150 and then lost. How is that bad luck I will think to myself? That's not bad luck. That's great luck combined with simply not knowing when to stop. 

Players who are in profit are the ones who know when to cash out. They set a goal. They stick to it. They take their winnings. They are content. Losing players are the opposite. They will go on and on until they lose. This is not smart. Unless you have unlimited money, if you play for an unlimited amount of time, you will lose. That is how gambling works.

Set goals. Stick to them. Cashout. Play smart.

i really try to set realistic goals, but even if i reach my goal i always end up never withdrawing, i don't know why, but when i got a lot of money to play with i just cant stop, i get to addicted, i mean i withdrawn 4 times from the site, and the first one was this year, over one year after i registered on stake ;(

[jkd123]

What a realistic goal? Like double balance or maybe 3x. The problem is sometime you can make any winning from the start. Keep losing when trying to recover 1st losses.

It will better if you set realistic goal and set limit. Most people forgot about their limit untill they have nothing left.

[artizykristy]

My realistic Goals may be when I start gambling that in my mind I fight the site so the possibility of holding me is only a little which makes me always cash in whatever I can win  

[gougou]

@Edward i totally agree with that.i spent a lot of money here and long time.almost 2 years.

Things went up and down,ok most times down but this is gambling.i know it well and dont cry as a kid.probably some players here think that casinos are monasteries and give money to everyone.because noone i think mentioned you """LOOK EDDIE I WON SO MUCH HERE I THINK SOMETHING IS NOT GOING GOOD SO I RETURN SOME FUNDS BACK"""  right???

[barbaris]

It's hard to play without a goal, you don't know when to stop. And in the end, stop when the balance is empty.

[Mhela10]

its hard to play when you didnt have a goal or what we call hit the min amout you wanted to get by winning..after loosing lot of coins i discovered not to risk a high multiplier that gives only 100x in a row of betting instead go atleast the the risk that will give the amount of what you wanted to get with your goal..

[wry]

I totally agree @Edward - set a win target before you start rolling, hit it and quit it!  If the player doesn't stop the house wins, it's that simple.

[AlphaStorm]

6 hours ago, Edward said:

Play smart

I spoke with some players who are constantly “losing” And i explained to them that the most important clue "hangs on the door at the entrance". It's like with the inscription 'In the yard is an evil dog' and everyone understands the meaning of this inscription. There are a lot of such tips on Stake, they were made intentionally or accidentally not so important. It is important whether you understand this or not. And you, as a player, need to decide what you need and exactly follow your chosen action plan. So and the only way you can get the result.

[htetaungxx]

yah! that's is gambling edd, now i'm losing a lot, but still i hav profit.. that's why i'm still lucky on stake.. everything hav give and take not only in gambling, we must understand that!

[Menang]

Tottaly agree with Edward. Winners know how to start and how to stop. They can control greed and have a daily goals

[nattekut]

yeps spot on. I really do not care when loosing. But if I would I would withdraw my initial deposit as soon as I managed to double the initial deposit... even if it only was a 5$ deposit. Gambling is exactly the same as putting money in investments. In investments it also is most important to get your initial amount back as soon as possible and keep speculating with your profits. 

This is the only way to become rich. Making profits on top of your profits is one of the most powerful financial tools which is called compounding. But in gambling its not that applicable so its most important to get you initial deposit back as fast as possible and try to make more money playing with profits

[nuuuitsjdragon]

6 minutes ago, nattekut said:

yeps spot on. I really do not care when loosing. But if I would I would withdraw my initial deposit as soon as I managed to double the initial deposit... even if it only was a 5$ deposit. Gambling is exactly the same as putting money in investments. In investments it also is most important to get your initial amount back as soon as possible and keep speculating with your profits. 

This is the only way to become rich. Making profits on top of your profits is one of the most powerful financial tools which is called compounding. But in gambling its not that applicable so its most important to get you initial deposit back as fast as possible and try to make more money playing with profits

Agreed on the withdrawal once you make at twice of your deposit!

However, I hate sessions whereby I am unable to even maintain positive and just go all the way down to 0. 

It seems that lately I’ve been having many sessions like these that don’t give a damn about niceties and instantly drag to bring you to hell hahaha 👹

[bmg]

Ok so heres the deal what your not seeing is that a lot of us players depo for other players a lot more than you would think.  the first few onths i was here i was depoing thousands of dollars but having a few of the my friends that are very well known and respected here depo for me.

So if I hear one more comment about deposits  having anything to do with anything then im going to scream!

anyone can deposit money into an account but that doesn't mean they are spending it here.

[Babagucci]

10 hours ago, Edward said:

I get a lot of people messaging me lately talking about how they can never seem to win. Upset about the outcomes of their deposits. In some cases, I can sympathize, in others, not so much. I'll pull up a players account & I will see they deposited say $50. They have turned it into $150 and then lost. How is that bad luck I will think to myself? That's not bad luck. That's great luck combined with simply not knowing when to stop. 

Players who are in profit are the ones who know when to cash out. They set a goal. They stick to it. They take their winnings. They are content. Losing players are the opposite. They will go on and on until they lose. This is not smart. Unless you have unlimited money, if you play for an unlimited amount of time, you will lose. That is how gambling works.

Set goals. Stick to them. Cashout. Play smart.

Hey Edward, I appreciate you addressing this issue. I do get what your saying in regards to the case of someone makes a deposit of $50 and turns into $150, thats a good day,l. If they lose that profit, that's their fault for not knowing when to stop

Now I know we all go through dry spells, but with total respect to you, I also feel like I have been experiencing more losses since the update. It's not just losses either, it's the ability to achieve any profits from my deposits.

But I think a great way to clear this up is with some type of side by side chart, showing our stats with old Stake and New stake. Maybe if we could look at it that way it would answer a lot of the players questions and concerns?

[sdsdfbsfsd]

yea good idea edward honestly iget so god dam greedy i forget to withdraw half the time with for example 0.6btc won from 0.002btc on hilo went allin as was drunk and stupid we all need to take it slow

[rajamishra]

hello eddie after a long time admin analyze a account and summerieze her/his account how they lost why he/she lost rather not gained his profit ,impressed me i like it u r honesty.

 

good luck and keep this honesty till the end