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RE: Am I Going To Lose Forever? What it Feels Like To Have a $60,000 Downswing Over 6 Weeks

in #money8 years ago

I don't have the nerves for professionally gambling, being it poker, or fantasy sports. I can win routinely enough, but I don't have the stomach for losing bad. Stick with it and turn that 60K slump around.

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Thanks.

I always say "it's a tough way to make an easy living". Losing money often feels worse than winning feels good.

Spoken like a true gambler.

Would you consider yourself addicted to gambling or do you view it as a job?

Purely as a job. For instance I went to a bachelor party in Vegas last weekend, while everyone else played blackjack, craps, roulette, baccarat...I just sat and watched. I don't feel a need to gamble, and don't ever gamble in things I don't believe I have an edge at. It would actually be a positive if I had more gamble in me. I've always been a bit too conservative with regards to pushing edges and aggressively moving up stakes, I moreso do it because I enjoy and excel at game theory optimization and solving games that people play for money.

I at one point was completely addicted to gambling. You seem to have a slightly more strategic position on the matter by the look of your posts.

Do you entirely avoid -EV games and stick to skill / researchable wins?

Replying to other comment here, max depth problems.

Yea, I completely avoid -EV games. I will sometimes play something I'm not yet elite at for money, but is possible to be a winner at. For instance, I mainly play no limit holdem and pot limit omaha, but I'll jump into different poker games that I'm less experienced at because I believe long term it will help me as a poker player and maybe I'll figure it out quickly and be better than my opponents. But I never play pit games, only sports bet when I have some sort of strong info or lean, and stick to things that are beatable.

What did you play when you were addicted?

I was big into long odds and 33% chance on "dice" or Bitcoin gambling games.

Basically 1% house edge games where users can pick their odds..
Gives you the illusion of control while slowly draining your soul.

Been off of gambling officially 8 months now and my life has improved drastically.
I'm still in debt, But at least I'm able to hold on to the money I earn and spend it wisely rather than trying to go for that big win.

I may have lost to you on one of the daily fantasy sites...maybe :)

If it was in the last 6 weeks, you probably won haha

:) No, long tme ago because I've been in Vegas a while, and there's no daily fantasy gambling allowed. Can't infringe on the casino's claim to my money

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