I had a really good buddy who got barreled in when he was in his early 20's. He ended up defrauding his friends and family to the tune of 40k. Ended up dying in a single car accident on a desolate highway. Don't go that route pal.
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11-30-11 10:33 PM #36
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11-30-11 10:38 PM #37
I'm at rock bottom as I type this. My whole world is going to shit. And I haven't placed a bet in almost a year. Go figure.
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11-30-11 10:41 PM #38Forever in Debt to your Priceless Advice
Become A Pro!
Join Date: 06-30-08Posts: 45,360Betpoints: 8792
i've gone down over 60K before so your 800 is chump change pal
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11-30-11 10:44 PM #39
in my younger days i once ran my account up to 30K online, was dreaming of things I was going to do with it, got slow paid, and only ended up getting 10,000 of the site
i know i was really up 9 grand, but it felt like I burned 20,000 and just couldn't deal with it for a long, long time. couldnt' even make love with my wife that week
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11-30-11 10:46 PM #40
How did he swindle 40k?
Originally Posted by gauchojake
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11-30-11 10:54 PM #41I thought i told you that we dont stop
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Join Date: 05-29-08Posts: 9,283Betpoints: 151
sounds like my friends buddy. he stole 25,000 from him. Had his buddys CC info and deposited 25k into multiple sports books over a 3 weeks period and lost it all. made a few threads about this last year. Til this day the guy hasnt paid back a cent of the 40k total he owes the dude. Originally Posted by Ernie Mccracken
As for me, sports betting the deepest i ever got was a few thousand. I bet on sports from age 17 to 19 and pretty much quit then. I never had a great job at that age so i couldn't lose much.
Im 22 now and play a lot of 2/5 and 5/10 poker and if i run bad in a week i can lose like 7k over 4-5 sessions.
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11-30-11 11:01 PM #42
I deposited $100 in 5dimes and built it up to $1200. Lost all of that in a week and felt horrible. It was all profit but still...wish I would have taken some of that out...
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11-30-11 11:03 PM #43
interesting lead in. tell us more Originally Posted by Hoja Verdes
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11-30-11 11:08 PM #44
if ur working and living with parents and not paying rent 800 is nothing. U should be able to get up that scratch rather quick. If u need action just p2p 250 to 5dimes and bet small. Won't get rich but won't go bust either. Money management is key. With that u can ride out bad streaks and not go broke.
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12-01-11 12:33 PM #45
opened cc's in his father in law and brother in law's names... ripped off discover... forged checks. you name it he tried it. he had bookies threatening his wife. it was pretty bad. Originally Posted by Ernie Mccracken
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12-01-11 12:53 PM #46
Who hasn't taken a big hit in life?
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12-01-11 12:54 PM #47
Originally Posted by tymoline
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12-01-11 12:55 PM #48
this thread is like a horror story because we're all quite similar.
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12-01-11 01:02 PM #49
maybe this sbrpoint will help ease your pain.
and to answer the question- ive never let myself go too far below zero aside from student loans but have been zeroed more times than a semi-intelligent adult should be for sure.
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12-01-11 01:03 PM #50
You want some sage advice?
Here it is:
(a) Work an extra 35-40 hour shift at McDonalds. You'll recoop that $800 back in like what.....6months?
(b) Forget gambling. Never gamble if you're intoxicated, lonely or depressed. In your case you are 2 outta 3. Instead go out and find a club, hobby or group to join that contains people that have similar interests as you. You'll forget about gambling in no time. It's more important at your age to develop your life....not bad habits like betting mid-tier collge basketball games at 11 pm on a wednesday night.
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12-01-11 01:13 PM #51
I'm down a couple hundred grand in the stock and housing market. I'm pretty sure I'll make it back!
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12-01-11 01:24 PM #52
c'mon, guys! Do you really believe Bengals28 is for real?! He's like that DroopyDog cartoon character: "Gambling is my only friend;" "I need my mom to manage my money." He's putting us on! LOL!!!
Btw, that posting about the car crash on a desolate highway reminds me of a meth addict I knew about 40 years ago. He got so in debt to his dealer that he was scared to death of what would happen to him. Literally. He wrapped himself around a tree at about 100mph. Lee Fortney. Thanks for the memories, guys.
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12-01-11 01:24 PM #53
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12-01-11 01:34 PM #54
30K in 6 months. Was okay in the beginning but them I began chasing with teasers and parlays. Truly felt sick and depressed for the entire time. I kept thinking "OK this next bet HAS TO HIT!" My luck will turn around. Totally stupid in retrospect. Then I figured out that I wasn't gambling for the $$$. It was about the thrill , the excitement and EGO. I wanted to beat the books SO BAD.
A tough lesson to learn. Once I came to the realization that I LOVE the process of researching injuries, matchups, coaching styles, etc and making betting decisions based on those factors I became happier.
Now I understand that I WILL NOT win every bet...fluke things happen in sports...missed field goals...half court shots at the buzzer...teams not being motivated enough to play....TEBOW, etc
Now I practice STRICT bankroll management and I don't try to win the lottery no matter what the parlay calculator tells me.
We have all felt that pit in our stomach when we lose - especially when we thought had a LOCK OF THE WEEK OF THE YEAR.
But with bankroll management I can just shrug it off and learn from why my capping went bad. The longer I do this the smarter I become and the less my ego plays into my picks.
BOL OPNomination(s):This post was nominated 1 time . To view the nominated thread please click here. People who nominated: numismatist
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12-01-11 01:46 PM #55
Become a bookie , I still gamble but just to offset my exposures -----if the mods don't attack me I would tell u but for some reason Mr. BackendZuckerburgHack is watched round these parts...ps bet TX Rangers ml yr round
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12-01-11 03:10 PM #56
I lost on a scratch off once.
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12-01-11 03:40 PM #57
Wow a whole $800 dollars...
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12-01-11 05:37 PM #58
haha, this brings back memories.
if you think that's bad, try maxing out your first CC at $1,000, applying/receiving a 2nd, maxing that out at $1,000, and losing it all on sports wagering within a month.
That's what happened to me when I was 18 and a broke college student 9 years ago.
Think it actually helped me in the long run as it probably would've been worse if I ran off a win streak. I quit gambling for 5 years after that...finally decided to come back. Now, I've pretty much mastered the money management part and play well below my means. I flat bet an amount so laughable to most of you on this forum that I won't even bother telling you my bet size. But hey, I can still sleep at night after I go 1-7...
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