I just lost a 100 grand gambling - absolutely unbelievable story

[EGrecu]

I've been on and off gambling for a while. I started to get back into it last month...I messed around with small time books and lost 12K


Well I told myself I would chase my losses and stop forever. I started betting 2 team parlays to get it back and lost 6 parlays in a row in the most horrific way imaginable. Practically all of them were 2 team parlays where 1 covered super easily and the other 1 lost in the most soul crushing way imaginable. I lost because of the suns game where the suns were up by 15 points with 1:30 to go and won by 3 (line was -7.5). I lost because of Marquette game which was +7.5 (lost by 8) and literally the only difference in the game was free throws (marquette was terrible at FT line and uconn wouldn't stop swishing). I lost on Wednesday with cleveland winning easily and houston was up by 13 points middle of second half and still somehow lost (I had -5.5). I lost first parlay for 7K, then 12K and every parlay was bigger and bigger loss.


To make things worse. I had to transfer some money over on friday so I had a small amount to bet on thursday. I was going to have a big parlay today so I figured I would make it even bigger by betting 12K on Golden state money line (12K to win 3K)...golden state then managed to lose to the knicks, the same knicks who have lost like 5 games in a row on the road and GSW is 25-4 at home. So I was supposed to have 27K to bet on a parlay today and I only had 15K because of GSW losing. Because of this, I made a 3 team bet on Cleveland, Cleveland under and Minnesota over instead of cleveland and minnesota over


well cleveland won but the game went way over and minnesota game is gonna go over so I'm gonna lose a parlay that I would have won if not for golden state losing to a garbage knicks team


I'm just absolutely dumbfounded. I've never felt worse in my life

[SEAHAWKHARRY]

Stop

[rake922]

[EGrecu]

Stop

I'm just dumbfounded how so many extremely unlikely things in a row could happen to screw me over

[Orbison]

if i'm understanding you correctly, you lost $12K on the Golden St ML but where did the other $88K go?

[EGrecu]

The cavs game today, pacers scored 48 points in the first quarter. 9 3s...the rest of the game was dominated by cavs

Literally that 1 quarter cost me 100 grand. I had a 18K parlay to win 84K

[EGrecu]

if i'm understanding you correctly, you lost $12K on the Golden St ML but where did the other $88K go?

GSW was after losing 5 parlays in a row, each one bigger than the previous

[juicername]

https://www.sportsbookreview.com/forum/players-talk/3689836-we-have-guest-honor-next-bash.html

Was this you?

[MalikHusam]

Unbelievable?

It would be unbelievable if you WON 10k at this rigged shtt game

[juicername]

Unbelievable?

It would be unbelievable if you WON 10k at this rigged shtt game

So no one won on the games this guy had "bad beats" on? No one had the other side and got lucky wins?

[jjgold]

Good laugh

[yahoonino]

Parley are the worst bet that you can make..it hard enough to win on one team ..

[yahoonino]

over and under are the bet .

[EGrecu]

Parley are the worst bet that you can make..it hard enough to win on one team ..

I've had a good luck with them winning maybe 1 in 3


I am dumbfounded I lost 6 in a row

[EGrecu]

What do I do guys?

If I deposit 50K more, am I gonna win one of my next 2 parlays? It seems like the odds are inevitable

[clockwise1965]

Sorry man.

[EGrecu]

Sorry man.

What do I do?

How do I walk away from this?

[d2bets]

What do I do?

How do I walk away from this?

Close all your accounts. Don't even watch sports anymore. Take up a new hobby. Bicycling or some shit. No offense, but don't look at SBR anymore either. Cut it all off.

[Waterstpub87]

Agreed. Time to stop for a while. You need to consider the money gone.

Start again, deposit like 1000 or something. Bet 10$ a game. Build it up. Stop betting parlays.

Like everything is gambling, going for the high payout stuff is much worse. You have to grind to win unfortunately.

Odds to lose 6 2 parlays in row, with two spread in them is .1779. It sounds like a small number, but you will hit it frequently if you bet parlays.

If you want to bet parlays, wait to see if the US books will give you Alabama -49 over 60. Bet those.

[Orbison]

GSW was after losing 5 parlays in a row, each one bigger than the previous

didn't realize you bet even larger amounts on parlays than you do on straight wagers.

impossible to advise anyone without knowing their exact financial situation - so while losing $100K on the surface likely looks shocking to most, it may be part of the typical swings that large bettors experience.

i mean, if you're consistently betting tens of thousands of dollars on both parlays and straight wagers, one would have to assume you have a very large bankroll, lots of savings, and a steady flow of high income.

[Eddy Munny]

You lost $100K of your own money or you "lost" $100K when calculating money combined with potential winnings?

Because it sounds like the latter.

[Ghenghis Kahn]

Aren't you the same guy that made a thread about beating the closing line? LOL Jesus man stop betting NBA

[EGrecu]

Agreed. Time to stop for a while. You need to consider the money gone.

Start again, deposit like 1000 or something. Bet 10$ a game. Build it up. Stop betting parlays.

Like everything is gambling, going for the high payout stuff is much worse. You have to grind to win unfortunately.

Odds to lose 6 2 parlays in row, with two spread in them is .1779. It sounds like a small number, but you will hit it frequently if you bet parlays.

If you want to bet parlays, wait to see if the US books will give you Alabama -49 over 60. Bet those.

It would be impossible to win back 100K betting small

[EGrecu]

You lost $100K of your own money or you "lost" $100K when calculating money combined with potential winnings?

Because it sounds like the latter.

I lost 100k of my own money trying to chase back my losses

[EGrecu]

didn't realize you bet even larger amounts on parlays than you do on straight wagers.

impossible to advise anyone without knowing their exact financial situation - so while losing $100K on the surface likely looks shocking to most, it may be part of the typical swings that large bettors experience.

i mean, if you're consistently betting tens of thousands of dollars on both parlays and straight wagers, one would have to assume you have a very large bankroll, lots of savings, and a steady flow of high income.

I've got about 10K in my checking account, about 180k in retirement and 200K equity in my house. I'm 33...that's it though

To gamble any more, I'd have to take out a home equity loan

[Bostongambler]

Ok thanks for stopping by. Now get lost.

[Mac4Lyfe]

The cavs game today, pacers scored 48 points in the first quarter. 9 3s...the rest of the game was dominated by cavs

Literally that 1 quarter cost me 100 grand. I had a 18K parlay to win 84K

Here's your problem. You bet 18k thinking you lost 18k plus the 84k the parlay would have payed. You really only lost 18k.

Stop betting parlays. They are fools gold. The only time to bet parlays are when you're on a heater. You're not.

There's no such thing as get your money back. That money is gone. You are now starting over. What are you willing to lose because gambling is being willing to lose. If you are not willing to lose anymore money then it's time to stop.

[Kermit]

I lost 100k of my own money trying to chase back my losses

If your goal is to chase back your losses betting 10 grand to win 2 grand, you're in for a bumpy ride. Pick and choose your spots.

[Mac4Lyfe]

I've got about 10K in my checking account, about 180k in retirement and 200K equity in my house. I'm 33...that's it though
To gamble any more, I'd have to take out a home equity loan

The absolute stupidest thing you could ever do is touch any of your retirement money. Might as well shoot yourself first. Certain things are untouchable in life. Your future is one of them. Paying yourself first is a MUST. You always save for yourself first. Paydown the house, save more in your 401k and personal accounts. Time is your friend. Compound interest is your friend. Stop gambling and start investing in you.

[Eddy Munny]

Doug Tushyterror called and he wants his shtick back.

[juicername]

I've got about 10K in my checking account, about 180k in retirement and 200K equity in my house. I'm 33...that's it though

To gamble any more, I'd have to take out a home equity loan

Take the loan. You gotta be in it to win it.

[ThaWoj]

Sounds like me except I usually win and then fk up. I was up 6k between fanduel and barstool which is a lot for me because I'm super in debt with loan sharks and all kinds of shit. No money in the bank and credit in the toilet. No means of getting extra cash.

Anyways i thought my degen shit would stop once i stopped playing offshore and getting sucked into casino and horses...alas, i have managed to blow all of it just about on live tennis, table tennis, and anything else in 2 days.

Took a stand with last 1000 last night blues -155 regulation and some parlays with pens and caps puck lines (which won) fkking blues up 3-2 in 3rd outshooting jersey 8-0 and in the last 10 minutes devils score 5 to win 7-4...blues were 17-1-2 when leading after 2 periods.

Sucks.

[Waterstpub87]

It would be impossible to win back 100K betting small

Again, the 100k is gone. You're not winning it back. Walk away, pretend you never had it. Easier that way.

Start small front scratch. Don't chase.

[fried cheese]

looks like 180k on rams ml.

[Orbison]

I've got about 10K in my checking account, about 180k in retirement and 200K equity in my house. I'm 33...that's it though

To gamble any more, I'd have to take out a home equity loan

well knowing that, you definitely need to stop betting large, if not altogether

the good news is that you already own a home at 33 and have a nice chunk in retirement, so you're still in a good position where you can simply learn from this and move on

best advice is to just keep working your normal day job/career and keep contributing to your 401K every paycheck and you'll be fine. your checking account will replenish itself if you do just those two things while not gambling at all

as others have said, do not touch either your retirement or equity in your home. let those things sit and work for you while you focus solely on increasing your checking account balance by living a normal life of working and saving as much as you can