Just lost all of my money gambling

rearnakedchoke said:
Damn. How much would the 4K parlay have paid? That’s some serious dough.
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4.5k parlay to return 9.5k


What hurts is that 3 out of the 4 teams in the parley won, with the 4th losing at the buzzer to a three pointer 78-76.


Shit happens though. Lesson learned. As someone mentioned earlier, I probably should have withdrawn my initial investment of 1k and then some, and just used the rest to fk around. House money.

Solid lessons.

Live by the gamble, die by the gamble.
 
AminoAcid said:
4.5k parlay to return 9.5k


What hurts is that 3 out of the 4 teams in the parley won, with the 4th losing at the buzzer to a three pointer 78-76.


Shit happens though. Lesson learned. As someone mentioned earlier, I probably should have withdrawn my initial investment of 1k and then some, and just used the rest to fk around. House money.

Solid lessons.

Live by the gamble, die by the gamble.
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That doesn’t seem like good odds. Must have been serious favourites you bet on.

but this has inspired me to open a 365 account
 
rearnakedchoke said:
That doesn’t seem like good odds. Must have been serious favourites you bet on.

but this has inspired me to open a 365 account
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good luck brother.

it’s a lot of fun and as long as you don’t put in what you can’t afford to lose, it’ll be worth it to go through the experience (win or lose).
 
AminoAcid said:
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.
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200.gif
 
And this is why people use the unit system to gamble. You should never bet more than 5% of your bankroll on any single bet.
 
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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I lost 250000 in 48 hours about 2 years ago I was suicidal after that
 
Luckily I've never been into gambling because I have an addictive personality prone to binging Basically My worst binge was about 4-5 months ago. I got arrested in November for possession which got eventually dismissed thank god but I fell into a deep depression while everything played out. I have a pretty wealthy family and I'm pretty well off myself so money was never an issue when it came to drugs. Where I live it's on the water in predominantly white hoity toity area so the drugs are stepped on and pretty shitty. Well when I was growing up I lived with my mom til I was 14 and she was a drug addict and we lived in impoverished areas of Houston that were mostly black and mexican areas so most of my friends were black or mexican....long story short I stayed in contact with a few of them and always had my "hood pass" as they called it which meant I was always welcome in the bad parts of town and @Uncle Bruce can attest that there are some really shady areas of Houston.

Well I'll call him Big C....he was apart of a gang in Houston called "Houstone" that had Cartel connections and a very violent reputation but we were always friendly, we'd goto Rockets games and shit and hang out and it'd be cool. Well Big C also was a big supplier of Cocaine on the SE side of Houston....he got the best shit you could get in the city no bullshit before he processed it down to sell it. He usually used the pure stuff to cook it and the rest to cut down to sell it, well since we were boys he'd sell me the shit right off the brick (kilo) and it was the rawest shit I had ever had....well with me being depressed and jobless at the time and fighting a case and having nothing but time I spent basically all my time alone in my condo doing blow, playing video games, fucking around online, going out at night and getting drunk at night, and then using my xanax prescription to come down at night. Eventually I built up a tolerance to the xanax so I had to take more for it to be effective....

In a way it seemed like I was trying to kill myself, I was mixing a shit ton of cocaine...I was going through a "7" every 2 days 7 grams aka 2 eight balls on top of alcohol and xanax. Alot of people fuck with me about my PTSD or whatever but I am service connected disabled for PTSD and TBI throught the Army as well as the VA from my time in Iraq and Afghanistan. They just don't give you 100% ratings without documented evidence of you being fucked up. I try to make the most of life, but that was the scariest time of my life, but with the support of my family and friends and getting into support groups and getting sober it's really helped me see the light and I'm back on track and sober and happy with no cravings or inkling to ever want to touch the shit again....sorry for the long post lol I'm bored and can't sleep.
 
MarloStanfield said:
You weren’t meant to like my post when I told you I lost 250k in 48 hours, it ruined my life
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Damn that’s crazy. I can’t even imagine how tough that would have been.

How did you lose so much in such little time?
 
Dusty Rhodes said:
You only lost $1000 of your own money if it makes you feel any better.

It's a disease bro, lesson learned and dont let it happen again!
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Not to be that guy but..
"just-lost-all-of-my-money-gambling"

When he "only" lost what he was able to lose...

So meh.
 
AminoAcid said:
Damn that’s crazy. I can’t even imagine how tough that would have been.

How did you lose so much in such little time?
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I was recovering from a bad car accident and was fucked up, I was stuck on the couch and couldn’t walk for a long time, I joined an online casino, based out of some dodgy island, but they were legit,
It started with gambling away 10k every couple of months but I didn’t stress because I still had about 350k cash that I said I wouldn’t touch,
I started using meth and that was an instant trigger for me to gamble, id lose a couple of grand and leave it alone,
So id been up a couple of days and and wasn’t fully with it, I won 70k in one spin and they take days to deposit winnings in bank so I gambled it and lost quickly,
So I started transferring 10k at a time from my bank account, when it’s online money doesn’t seem real, I had a really bad run and was down over 100k and panicked so tried winning it back, in that 48hours I became one of their highrollers and they would give me 10k at a time to play with, I didn’t leave my laptop for the whole time and just kept losing and I couldn’t control myself and walk away because I needed to win it back, so 2 days later I blew 250k from my bank account plus the 70k I won at the start so 320k
I can’t explain what I was feeling/thinking when I realised what id done, I freaked out, that kind of money for someone like me is something I’ll never see again, it was probably 3 years ago now and for 2 years everyday it fucked with my head, they banned me and I’m blacklisted from every online casino because I tried to get my money back,
 
Im ashamed of myself and always will be. I’ve let myself and more importantly my son down,
 
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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Hahaha

I know this struggle all too well.

The psychology of money management is the key to gambling and its fucking hard to learn.
 
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