Gambling confession [Archive] - MensTennisForums.com

Gambling confession

kinster
12-31-2008, 12:38 AM
I started gambling 3 years ago in the summer. I am in debt at the moment at
-£614.03. My high point is near +£700 and low point is around near -£1000. I want to quit if I ever reach -£1000 again. I want to win my money back real bad and maybe quit but I doubt I ever will.

Tell me about your gambling story as I told you mine. Just wondering as if any of you people are is the same sort of situation like me.

azza
12-31-2008, 01:30 PM
Always Pick Federer in early matches = 100% strike rate.

ryan23
12-31-2008, 10:07 PM
Sorry to hear your story Kinster- ive been there and i'm sure most of the people on here have been, i got out of it luckily and i'm much better for it nowadays, theres always a way out m8 even if it means quit the gambling untill you can afford to do so,

nowadays i can afford to do it so i do but never at the expense of the important things in life e.g bills,roof over your head etc

Hope you get over it mate and i hope 2009 is better for you

its.like.that
01-03-2009, 03:56 AM
When I was 9 years old I stole $50 from my parents to buy a basketball card which I then sold for a little over $400.

Thanos
01-03-2009, 06:36 AM
When I was 9 years old I stole $50 from my parents to buy a basketball card which I then sold for a little over $400.

which player was it?

Gamblore
01-03-2009, 06:44 AM
which player was it?

Most probably Michael Jordan. But cards back from 1990 to 2000 or so are worth squat these days. Unless its a signed card with a piece of used jersey.

TankingTheSet
01-03-2009, 07:30 AM
I started gambling 3 years ago in the summer. I am in debt at the moment at
-£614.03. My high point is near +£700 and low point is around near -£1000. I want to quit if I ever reach -£1000 again. I want to win my money back real bad and maybe quit but I doubt I ever will.


The highlighted statement is one of the classic pathological thoughts that can lead to gambling addition and ever-increasing debts.

I'm not saying your situation is bad - the amounts you quote are relatively benign -- but it is a thought like 'I want to win my money back real bad' etc that can lead to increasing gambling problems/debts in some people.

It can help if you recognize such a tought as irrational, and just take it easy and try to view your gambling more as a recreational hobby in which case gambling can be more fun and relatively harmless. It's a lack of discipline with irrational thoughts like 'I want to win my money back bad', 'I need to win $xxxx by tomorrow/next month' that can cause problems.

The irrationality can be explained as follows:
1. Someone has $xxxx debt from gambling.
2. Wants to recover his debt by gambling.

Statement 1. suggests the person has a big chance of losing more money by gambling. Therefore statement 2. is irrational.

IvŠn
01-03-2009, 04:33 PM
Is that from your own mind TTS or have you copy and pasted?

Lebowski
01-03-2009, 07:48 PM
Quit your crying... something your father should have told you

MTF is the castrated community

bad gambler
01-03-2009, 09:00 PM
When I was 9 years old I stole $50 from my parents to buy a basketball card which I then sold for a little over $400.

That kind of entrepreneurship at such an early age should be embraced

Nathaliia
01-03-2009, 09:15 PM
Tanking The Set is a pseudo intellectual type, so I believe it's his own production :p.

Kinster, hopefully you'll be fine. I had two thrilling adventures of this sort, but came back, although the second time (yeah, parlay with Mahut in Wrocław 2008) was painful enough that for a few days I didn't have money for a living as my salary got delayed.

Roddickominator
01-15-2009, 11:01 PM
I started like a month ago....started with $100, got up to $2700 in 7 or 8 days. Put $2,000 on a 6-team parlay(NBA and college basketball) that'd have won me about $8,000.....A strong home favorite was upset by 3 points and I lost. Since then its been up and down....i'm down like a grand overall.

I think i'd have been better off losing early...because I can get a little too sure of myself and take too many risks. But i'm learning.

ryan23
01-16-2009, 08:50 AM
Thats the problem when your on a winning streak you start to feel like you cant lose- but the tide will turn and thats when you know how good you are, dont get cocky!

Bolar Bolabi
09-14-2009, 06:16 AM
When I was 9 years old I stole $50 from my parents to buy a basketball card which I then sold for a little over $400.

Can't beat what I did.

At an AFL practice football match one time in Lavington.

I printed off a whole heap of Mickey Mouse pictures. Signed them, then sold them to kids for $10 a piece saying Mickey Mouse signed it. I raised over $500 and was pretty happy with myself.

The smart thing about that was that if I sold it to them for more, their parents would ask what they need the money for. :wavey:

I would do it again in a heart beat. This time maybe a Miley Cyrus picture. That seems to be the craze at the moment in young people.

IvŠn
09-14-2009, 05:31 PM
about 5 years ago i always use to start with say 100 pound and slowly build it up to about a 1 thousand, then the following week i would lose it all in a manic gambling spree of getting pissed off with certain losers.

in the last 2 years i have learnt to controll myself, i now value 400 pound say like 4 grand, dont get sidetracked by the number on your betting screen, as soon as you win a big amount witdraw it immedieatly into your bank account, leave a little to play with, if you lose it, wait two weeks and put in 100 pound again.

LSD
09-16-2009, 07:37 PM
Can't beat what I did.

At an AFL practice football match one time in Lavington.

I printed off a whole heap of Mickey Mouse pictures. Signed them, then sold them to kids for $10 a piece saying Mickey Mouse signed it. I raised over $500 and was pretty happy with myself.

I would do it again in a heart beat. This time maybe a Miley Cyrus picture. That seems to be the craze at the moment in young people.

maybe lady gaga ? :rolleyes:

SpinLES
09-17-2009, 11:11 AM
Can't beat what I did.

At an AFL practice football match one time in Lavington.

I printed off a whole heap of Mickey Mouse pictures. Signed them, then sold them to kids for $10 a piece saying Mickey Mouse signed it. I raised over $500 and was pretty happy with myself.

The smart thing about that was that if I sold it to them for more, their parents would ask what they need the money for. :wavey:

I would do it again in a heart beat. This time maybe a Miley Cyrus picture. That seems to be the craze at the moment in young people.

and now you are selling pubes to us..you evil mastermind

http://www.hotmoviesale.com/dvds/60721/1/Guys-Gone-Wild-Bad-To-The-Bone.jpg

coronaerabrahim
05-21-2010, 12:34 PM
I have never gambled in life ,but will try my luck here once as it is illegal here.so dangerous also.and hope you recover your money Sir.Best of luck.
Regards Abrahim

goldenhorseshoe
08-28-2010, 02:41 AM
I agree with Ryan, if you play and you always in winning streak your mindset is always there, your always tempted to play because of easy money not thinking the side effect if you are addicted on gambling.

kidbourbon
07-22-2012, 10:54 PM
My first year was 2008. I made a thousand dollars on college football
My second year was 2009. I made two thousand dollars on college football.
My third year was 2010. I made five thousand dollars on college football.
My fourth year was 2011: I lost seven thousand dollars on college football (two saturdays in particular just killed me).
I first started dabbling in tennis in early 2012, and I'm up fifteen hundred dollars. My goal is to get up five hundred more before college football season starts.
I plan on making seven thousand dollars for the 2012 college football season.

yeahdude
08-09-2013, 05:20 AM
I've just started betting. I don't chase losses--if i lose then so be it. I don't risk big money in the first place and tend to go for the safer picks, games, teams and players i know. so, i place a limit on myself. i set aside money for leisure and i don't take it as a way to earn more.

jcleft79
02-04-2014, 08:16 AM
Copy-pasting this confession from a gambler in another forum:

"Hi guys in the Gambling Forum. C****** here doing something I need to do for my own peace of mind and that of my partner. I had a bit of a wake-up call yesterday when my gf sent me a message saying we had to talk. I initially thought it was something of nothing and I opened an AH thread having a laugh about the whole thing.

In fact it was something very serious, my gambling. You who have been here a lot have seen that I am on every day, gambling every day and for the most part losing every day. I have had some wins and have got smarter but realistically I am losing more than I win. I never put large amounts in my account but that is not to say I have not lost big. I might only lodge €20 but eg one day I made €200 and lost the whole lot on two bets. I spent more than I should and I even ended up borrowing from a moneylender to make up the losses.

So I made a promise to a girl, a real lady that I am lucky to have. I told her I would stop. But I kept one account and lodged in the shop so it wouldn't show on the bank statement. I got caught. And now I not alone broke a promise but I hurt this girl by lying, sneaking around and putting everything else first instead of her. I really didn't think i had a problem but if I was willing to hurt the best thing that ever happened to me for the sake of predicting a few goals in a match then yeah I have a problem.

So bottom line is i gotta do what I can to keep this girl and protect myself. I closed down my accounts and I am having myself banned from this forum. I just wanted to come on and say to you that I have enjoyed the camaraderie here and the banter but at a cost maybe too high and not just financial.

I know most of you are betting small amounts for the fun and can do that but I just want to warn any of you who feel it is beginning to consume more of your cash and your time than it should that maybe it is becoming a problem for you too."

Rumblingbelly
02-17-2014, 05:20 PM
That is why you gotta keep track of your bets in excel, never fool yourself and stop if your not a winning player.
I've won 4 years in a row, no reason for me to stop.

ExcaliburII
05-06-2014, 08:45 PM
Ive built my life thanks to betting. Started with pennies years ago on this forum. It has been my work for 3 years now. I have my own house and other stuff like that, you know...

There are stories like that, and I had mine, fortunately.

callitasicit
07-15-2014, 05:25 AM
I don't believe anyone can profit on gambling in the long run. Lets face it folks, the house always wins in the end!

Litotes
07-15-2014, 06:31 AM
I don't believe anyone can profit on gambling in the long run. Lets face it folks, the house always wins in the end!

You can discuss that with the gamblers who's got a career plus from betting after being active for many years. I know a couple of them (I am not one myself).

callitasicit
07-15-2014, 10:23 AM
You can discuss that with the gamblers who's got a career plus from betting after being active for many years. I know a couple of them (I am not one myself).

I've heard those stories but I don't believe them. Unless you are a bookie or working on the other side, it's hard to fathom.

Rumblingbelly
07-18-2014, 02:05 PM
I don't believe anyone can profit on gambling in the long run. Lets face it folks, the house always wins in the end!

Of course you can, just have to be good at it and have right mentality.

philosophicalarf
07-19-2014, 12:13 PM
I don't believe anyone can profit on gambling in the long run. Lets face it folks, the house always wins in the end!

Conceive of it like this: bookies make prices roughly corresponding to estimated likelihoods of the outcomes. To make money, a gambler has to repeatedly spot the occasions when this estimate is inaccurate, where betting will result in a profitable outcome (on average). This is usually called "value betting".


The "house wins in the end"? Mostly yes, because of a number of reasons:

1) 99.9% of gamblers are merely trying to "predict" who will win, which is of course impossible unless you're psychic.

2) Almost all books ban anyone betting value, or limit their maximum bet to near zero amounts. William Hill, Ladbrokes, Bet365, etc etc - none of these will tolerate what they call "non-recreational gamblers", because they know these are unprofitable customers.

3) Of those who can spot value, most also bet far too large, a critical error which will bankrupt anyone. There's a simple mathematical proof for this, but basically: the bad runs of results kill the over-staker, while the more conservative staker lives to fight again.

LarissaVer
07-23-2014, 02:01 PM
Conceive of it like this: bookies make prices roughly corresponding to estimated likelihoods of the outcomes. To make money, a gambler has to repeatedly spot the occasions when this estimate is inaccurate, where betting will result in a profitable outcome (on average). This is usually called "value betting".


The "house wins in the end"? Mostly yes, because of a number of reasons:

1) 99.9% of gamblers are merely trying to "predict" who will win, which is of course impossible unless you're psychic.

2) Almost all books ban anyone betting value, or limit their maximum bet to near zero amounts. William Hill, Ladbrokes, Bet365, etc etc - none of these will tolerate what they call "non-recreational gamblers", because they know these are unprofitable customers.

3) Of those who can spot value, most also bet far too large, a critical error which will bankrupt anyone. There's a simple mathematical proof for this, but basically: the bad runs of results kill the over-staker, while the more conservative staker lives to fight again.

I agree. But I think there's a simple way to not be flagged as "non-recreational gambler", I don't know how things go in other countries but here, in Spain, we have on ground betting agencies and I didn't heard any story about someone getting banned there. The downside of these agencies is that they have winning limits to around 10 000 euro but for me is more than enough, as for the stake limit I think you can easily place more than 100 euro on one bet.

Also about predicting who will win, there are 2 types of bettors: one is the bettor who place the bet by instinct and other type that is doing his/her homework, checks stats and don't try to get rich by just placing one bet. With a good money management I think is possible to keep a good balance and obtain some reasonable profit from betting.