A friend asked me if he could chase a $1,400 loss with $20k...

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  • Hoja Verdes
    SBR MVP
    • 08-23-06
    • 1403

    #1
    A friend asked me if he could chase a $1,400 loss with $20k...
    in other words, use the 20k (if necessary) to get back his 1,400 that he's down with a local.

    In short, I gave him a definitive NO.

    He's new to gambling, so he's too naive and clueless to even consider a 'strategy,' and he's playing with a local that would probably limit him if he started betting more than about $3k/game (so martingale/double-down is out...for a number of other reasons as well.)

    A few years ago, I might tell someone like him that it's possible. Maybe just play RAS ncaab totals on a double-down system or something, assuming he could get higher limits. But honestly, there's no way I could recommend in good faith that he even consider it.

    What's the most you've ever seen someone lose chasing a relatively small ($1,000) loss?
  • flyingillini
    SBR Aristocracy
    • 12-06-06
    • 41219

    #2
    You know what I would tell him, "No Mames Guey".
    המוסד‎
    המוסד למודיעין ולתפקידים מיוחדים‎
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    • poker_dummy101
      Restricted User
      • 11-03-08
      • 6395

      #3
      I saw OTW chase a 1 chip loss on SBR roulette to bust all his points.
      Comment
      • 1st and Ten
        SBR Hall of Famer
        • 11-13-09
        • 5131

        #4
        I've chased a 600 dollar wagers...with another 600 dollar wager...and then a 1200 dollar wager. Lost em all never again.
        Comment
        • MickChunky
          SBR MVP
          • 10-31-06
          • 1452

          #5
          Rule # 4 Never chase
          Comment
          • SRBI
            SBR Hall of Famer
            • 10-20-09
            • 8393

            #6
            Originally posted by MickChunky
            Rule # 4 Never chase
            Comment
            • G's pks
              Restricted User
              • 01-01-09
              • 22251

              #7
              We need losers...tell him its his money do what he wants...maybe the sooner he loses he will quit gambling and that is it...
              Comment
              • 13th Inning
                SBR Wise Guy
                • 08-05-08
                • 878

                #8
                I don't understand - if he's got $20,000 on hand, why chase $1,400?
                Comment
                • Jaug
                  SBR MVP
                  • 01-11-09
                  • 3087

                  #9
                  Tell him to chase on 3 or maybe even 4 pucklines (+1.5) in NHL, he can thank me later.
                  Comment
                  • Hoja Verdes
                    SBR MVP
                    • 08-23-06
                    • 1403

                    #10
                    Originally posted by 13th Inning
                    I don't understand - if he's got $20,000 on hand, why chase $1,400?
                    Pride.

                    He's got all this money saved up before he moves out to L.A., and thought he'd make a little more gambling on football. I told him from day one: "the only way you learn how to win at gambling is to lose...and the period of losing can take years." Of course he didn't believe me.

                    He is the epitome of the word "square bettor." It's hard to find guys these days that are reliable legit fades, but he is a square in the purest sense. For what it's worth, he really likes Texas tomorrow night. I got this text from him about an NBA game tonight: "The Nets are +14 to the Hawks, the hawks have been messing up lately. Looks like a winner." I told him he'd be better off flipping a coin.
                    Comment
                    • bradthebloke
                      SBR MVP
                      • 07-26-09
                      • 3175

                      #11
                      dumb
                      Comment
                      • jjgold
                        SBR Aristocracy
                        • 07-20-05
                        • 388179

                        #12
                        This kid will be broke very soon and buried.

                        I have lost like 10k chasing a dime .
                        Comment
                        • flyingillini
                          SBR Aristocracy
                          • 12-06-06
                          • 41219

                          #13
                          Tell him to go buy a few zones of some white girl and get yacked up.
                          המוסד‎
                          המוסד למודיעין ולתפקידים מיוחדים‎
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