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Confessions of an internet gambler...


EersSkins05

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I bet on sporting events from time to time through an online sportsbook. I put 50 bucks in there about 2 years ago, and built the account up to about 1000 bucks before I withdrew 800 earlier this year, and used it to help pay for a gigantic HD TV.

Life was good. I never really made big time bets, mostly just 5-20 dollars here and there on an NFL parlay or college football games. Biggest bet I made was on the National Championship game this past year, which I won before the $800 withdrawal.

Well, I pissed around with the remaining 200, basically treading water for 4 months. Recently, I've wanted to get an Xbox 360, but money is tight because my wife and I just bought a house. So I decided to try pay for the 360 through my gambling account, playing blackjack and betting on sporting events to try to raise the balance.

Blackjack and NBA basketball took me up to 430 bucks, more than enough to pay for the 360 (especially considering that I would be trading in my xbox as well). However, I'm absolutely convinced that there's something wrong with their blackjack program, as I've made a ton of money off of it in the past week.

Well, tonight I get on there to try to make a little bit more before I withdraw the necessary funds to get a 360.

As you can probably tell, I lost it all.

I found myself going further and further into down into the hole, a sense of dispair rushed through me. I just kept betting more and more and more to try to make up for what I'd lost, and kept losing and losing and losing until there was nothing left.

While 430 bucks lost in an internet gambling account (when I only put in 50, and already withdrew 800) isn't a real sob story in the big scheme of things, I have this horrible feeling in my stomach, knowing that I just uncontrollably squandered away a pretty decent chunk of money that was going to be used for a specific purpose.

And I can't help but to feel exactly like what those degenerates feel that lose their house, car, etc. I knew I should stop, but for some reason I couldn't. Too competative, I guess.

The moral of the story- don't gamble. It does things to you that cause you to lose all sense of reason and understanding.

I just wanted to get this off my chest, kinda like a gambler's annonymous meeting... lol

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Sorry about the loss. It does, however, sound typical. The majority of gamblers will lose untold sums of money in search of a hot streak. A gambler over the course of his gambling career will have an average of 4 1/2 hot streaks.

Money management considering a "stop loss point" and cashing in when ahead is a good rule of thumb.

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Just so you know, the government in its infinite wisdom (in my state but they also just passed a House bill, I think) has decided to treat those who wager money online to sentences equaling what many pedophiles receive.

Why the government even gets involved, other than the fact it's income they can't effectively track, I dont' know. Wait, I just gave the reason. :(

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Thanks for sharing your story with us. You should also be glad that you only lost $430 and, more importantly, found out what kind of a gambler you are. I've seen some cases where guys break up their marriage with excessive gambling (I'm talking selling off houses and business kind of gambling). All in all, you learned a good life lesson and got a HD TV out of that deal for $50. Now if all our life lessons could be so cheap :cheers:

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Just so you know, the government in its infinite wisdom (in my state but they also just passed a House bill, I think) has decided to treat those who wager money online to sentences equaling what many pedophiles receive.

Why the government even gets involved, other than the fact it's income they can't effectively track, I dont' know. Wait, I just gave the reason. :(

Say what?? Explain further please...

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Say what?? Explain further please...

Basically the government doesnt like not being able to get money from people gambling online, so they have decided to compare them basically with pedophiles. Government sucks at the internets.

They are just getting more and mroe controlling. So what is the problem with people gambling? And gambling online? Rhetorical question.

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Yes, here they just passed a law that could send a gambler (not the guy who RUNS the site, but just a gambler) to jail for 5 years.

It's hilarious. These sites (a few) are reputable and are traded on international markets (London included) as they are publicly-held companies. Here in WA, the indian casinos are a powerful lobby and so they get to fix the market and criminalize the use of the competition. That and the inability to track and tax your income as effectively earns you a severe penalty.

It's like the people in government and those that often support them know nothing of Prohibition or any of the failures of previous wars on behavior that SOME find problematic morally but that do not constitute a 'crime' in any traditional sense as there is no victim.

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That must feel good to get off your chest.

I work at a bar that has slot machines and sometimes it's just sad to watch some of those people play. They'll blow so much money in one night. They'll win a couple of hundred bucks but they think they'll somehow win more and end up losing what money they had won. Anyway, it's a nasty habit and it sounds like you've gotten the gist of it waaaay before most people do...sometimes I think about if the addict gamblers are worse than the alcoholics that I serve.

I appreciate the story, I'll be moving in with my boyfriend shortly and we are buckling down and saving every dime and having a strict budget. Cutting back on the luxuries is much harder than I planned. We haven't gone out to the bar or out to eat in awhile. Instead we just do nerdy free hobbies like reading and playing endless amounts of tennis :doh: :laugh: Budgeting sucks but it certainly pays off.

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Thanks for sharing your story with us. You should also be glad that you only lost $430 and, more importantly, found out what kind of a gambler you are. I've seen some cases where guys break up their marriage with excessive gambling (I'm talking selling off houses and business kind of gambling). All in all, you learned a good life lesson and got a HD TV out of that deal for $50. Now if all our life lessons could be so cheap :cheers:

Great outlook, and it's kinda what I was feeling.

Might help me get some sleep tonight... lol

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That must feel good to get off your chest.

I work at a bar that has slot machines and sometimes it's just sad to watch some of those people play. They'll blow so much money in one night. They'll win a couple of hundred bucks but they think they'll somehow win more and end up losing what money they had won. Anyway, it's a nasty habit and it sounds like you've gotten the gist of it waaaay before most people do...sometimes I think about if the addict gamblers are worse than the alcoholics that I serve.

I appreciate the story, I'll be moving in with my boyfriend shortly and we are buckling down and saving every dime and having a strict budget. Cutting back on the luxuries is much harder than I planned. We haven't gone out to the bar or out to eat in awhile. Instead we just do nerdy free hobbies like reading and playing endless amounts of tennis :doh: :laugh: Budgeting sucks but it certainly pays off.

Another great point. I had a friend that worked in one of those places that has sprung up around WV once slot machines were legalized, and we would watch janitors come in there and drop 500 bucks a night into those machines, knowing full well that they could never afford it.

I suppose I'm not the world's greatest gambling deterent, as I did essentially come out of my experience +750 bucks.

But the feeling I had in my belly as I was going farther and farther down tonight, with my bets getting bigger and bigger, it was really like I was outside my own senses. It was very strange.

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They don't like people gambling online because they can't track it and tax it effectively. Basically, they want in. Eventually there will be all sorts of online casinos being ran on top of US soil and all will be well again for the online gamblers.

I've been playing poker online for 3 years, and have been a consistent winner for 2. I play relatively small stakes and still cleared 12 grand last year, thats pennies in the bucket. College kids are making 6 figures multi tabling online rather than getting jobs. Only a very small percentage of players are good enough to even beat the rake as most players are losing players, but they still keep depositing. This is exactly why the government wants in on it.

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Sorry to hear it EersSkin. This has happened to me before. I know how you are feeling, although, if you can still post, it must mean you havent yet chucked your computer out a window.

When it happened to me, i was livid for a few hours, then realized that gambling wasnt gambling at all. The outcome is known and predictable every time. Its why it can fuel the construction of excesses like this:

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Thanks for sharing your story. You've recognized the problem and admitted it, most people don't do that until they have two broken knees. It may seem overkill since you didn't lose all that much but your inability to control yourself should tell you that you need to remain vigilant. Like alcoholism, gambling addiction is a disease that is cunning and baffling. Without support you could go 10 years doing fine but could easily find yourself back in the life. Also your story would help others with their addiction. You should have no problem finding a gambler's anonymous in your area. I know from personal expierience that those who attend AA or GA that they get far more out of it then just remaining straight.

Good luck and God bless. :)

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You really shouldnt play Blackjack online:mad: , its such a scam.

I used to be really big into betting on basketball and blackjack just like yourself.

I started playing with money that wasnt mine so the learning experience wasnt too harsh on my pocket...but we lost it all.

I started playing it on my own, loosing hundreds of dollars.

Until, i won a few huge parlays and won 80% of my money back i quit gambling on sports and blackjack.

I moved on to roulette, craps, slots..u name it... ive played it. I started reading literature on how to master these games...but the programs are always all the same.. and u end up loosing it all.

Now I play poker online, i lost about $100 the first time i started playing, but now im $1300 up in the last 7 1/2 weeks, and im about to quit my job and use poker as my main source of income. I highly reccommend you get into poker if you really want to tap the money pool.

Maybe you get can still bet on sports, but if ur gonna bet, be smart...go POKER!!!!!!

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Now I play poker online, i lost about $100 the first time i started playing, but now im $1300 up in the last 7 1/2 weeks, and im about to quit my job and use poker as my main source of income. I highly reccommend you get into poker if you really want to tap the money pool.

Maybe you get can still bet on sports, but if ur gonna bet, be smart...go POKER!!!!!!

Whatever you do, DO NOT QUIT YOUR JOB.

You could win $1300 on sheer luck. I'm not saying thats the case as I've never seen you play, but something tells me if you think you can quit your job because you've made a little over a grand in 7 weeks that you're probably somewhat new to the game. Take it slow, use proper bankroll management. 1300 bucks is enough to play $50 NL steadily. Even multi-tabling you can't make THAT MUCH money. Keep your job, play part time and let your bankroll build before you go chasing the dream. Its rougher out there than you think. For every good run of cards there is a bad one right behind it. A cold streak can humble a man real fast and break him even faster.

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Whatever you do, DO NOT QUIT YOUR JOB.

You could win $1300 on sheer luck. I'm not saying thats the case as I've never seen you play, but something tells me if you think you can quit your job because you've made a little over a grand in 7 weeks that you're probably somewhat new to the game. Take it slow, use proper bankroll management. 1300 bucks is enough to play $50 NL steadily. Even multi-tabling you can't make THAT MUCH money. Keep your job, play part time and let your bankroll build before you go chasing the dream. Its rougher out there than you think. For every good run of cards there is a bad one right behind it. A cold streak can humble a man real fast and break him even faster.

Agreed 100%

I worked my bankroll from an initial deposit of 200 up to 1900 in about 2 months. I took out 900 to help buy my new TV, and have since been in a tailspin down about 500. I am playing solid poker almost always getting my money in as a favorite, but I am getting killed by constant runner-runner and river beats. Sometimes it doesn't matter how good you play, you can still take an unexpected beating.

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Just so you know, the government in its infinite wisdom (in my state but they also just passed a House bill, I think) has decided to treat those who wager money online to sentences equaling what many pedophiles receive.

Yeah, i love how gambling is so evil and terrible and sinful that only the government can sponsor it (ie lottery).

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Now I play poker online, i lost about $100 the first time i started playing, but now im $1300 up in the last 7 1/2 weeks, and im about to quit my job and use poker as my main source of income. I highly reccommend you get into poker if you really want to tap the money pool.

Maybe you get can still bet on sports, but if ur gonna bet, be smart...go POKER!!!!!!

Ehh I wouldn't recommend that at all. Gambling is all about chance and luck, a steady job is guaranteed pay. Why jeopardize one for the other? Sure the payoff might be nice, but what about the possible losses?

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Worst day : Lost 3k in about 4 hours gambling.

Best Day : Won 10k in about 4 hours of gambling.

Overall over the years, I am probably up around 20k.

Even as a skilled player you can lose, and lose fast.

I rarely gamble much anymore. But I used to go 5 days a week minimum. Mostly winning but occasional losing.

Nowadays, I play poker with friends at a $10 buy in table. I laugh to myself about how seriously they take losing 10 bucks. I have bet $1000 or more on a single Blackjack hand on more than one occasion and never batted an eye.

The only reason I stopped gambling as much is because I moved to Atlanta for a couple of years, and the best I could get was a $50 buy in poker game, or drive to freakin' Gulfport or Biloxi.

I loved it. I guess playing football pools is gambling but usually I win once or twice during the season so I dont think twice about it.

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Ehh I wouldn't recommend that at all. Gambling is all about chance and luck, a steady job is guaranteed pay. Why jeopardize one for the other? Sure the payoff might be nice, but what about the possible losses?

Poker over the long run is only gambling if you're not very good or play over your head. If you know what you're doing and use proper bankroll management its profitable. Problem is, most people don't know what they are doing and play over what they can afford to play.

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