Gambler's Greed... Grumblings

[Casino2014man]

I am guessing a number of us suffer from this, but I in particular am prone to be a bit of an idiot... Sorry to ramble..

Example:

Today I deposited around £20 at Mr Green for the first time in ages... I won £200 - perfect I thought, a nice withdrawal..

I went and reversed it... and lost it...

Aggravated with myself I deposited another £100... I turned it into £500. Even better, I thought. I am awesome.

I went and reversed it... and turned it into £1000 - I am on a roll!

I then turned the £1000 into £2000 - INSANE!!!

I then managed to do some insane high wagers being a greedy tool, and lost £1k... and withdrew the first 1k.

At the beginning of today, had I known I was going to win 1k, I would first have said, sure. LOL. But also have been over the MOON.

Now, even though it has been processed, and I am really happy as it will hit my card tomorrow, and go straight on bills.. there is a tinge of regret..

 

[dunover]

Irony both ways. Had there been no sh!tty reverse period Mr. Green would be £800 better-off. You would have been £800 worse-off. (At the stage you w/d £200)

I can understand the emotions. Nice 880 gain, you'd have taken that at the outset. But you focus on the fact that you lost more than that 880 gain from your peak balance, i.e. IK.

Just imagine if you hadn't have had the discipline to pull the plug when you'd lost 1k of the 2k peak balance. You'd feel TERRIBLE now and far worse and more regretful if bust from 2k.

Focus on the fact that you had 880 profit, treat the IK w/d as a big reward and tell yourself the IK you spent of the 2k was a justified no-lose punt at some really big money that didn't come off, but cost you nothing....

 

[coxwel]

You need some more will-power and self discipline buddy

Anyway, congratz!

PS: I have and would never reverse a withdrawal myself, i play for profit.

 

[Jono777]

Can see things from both sides of the coin on this one.

Never been a 'reverser' (that's the wife's job ) so offer little sympathy to those who blow the lot!

However the term 'In it to win it' also springs to mind

In this case, first a wtg! on your win and another wtg! for pulling the plug at the 'half way stage'

IMO I would look on this situation as a whole as all positive!

 

[michielm1]

Only play before you have to go to work or really have to do something for which you cant be l8...
Sort of works for me... allthough i usually lose to the clock. But they know that @ work and its never more than 5/10/15 minutes lol

Congratz on your win/cash back

 

[slotplayer]

that's why I don't play online. I already know the outcome before I start.

 

[Adriana B]

I think greed in many ways here. First, you weren't happy with your winnings and reversed it. Why? To win more? And now after winning 1K, you're whining. Really? Most of us can only dream of winning that much. I am happier then a pig in shit if I win $100 which is a rare occurrence. Count yourself lucky pal. It could have had a much worse outcome and it usually is.

 

[Casino2014man]

First Off - Barbara, not whining, more sharing, but thanks anyway for your input.

Secondly, everybody else thanks

I have had a couple of hours to get over losing that extra bit and now feeling massively relieved and happy I did not lose the lot and went through with the withdrawal

Can't wait for it to hit - it will be massively useful for getting rid of a bit of debt - best win I have had since the beginning of the year

 

[Adriana B]

@Casino2014
Sorry .... just being envious. You are right -- you were just sharing one of those "ah crap" moments. Curious to know which games you were playing. Glad to see you will be spending your winnings wisely!

 

[lotusch]

First of all gratz on your win.
And I fully understand where you come from.
Only for me it is a slightly different story as once I have hit the withdrawal button I will not reverse my withdrawal!!
My problem often is that I would let's say deposit €100.00 and very quickly after doing so I could be up €200.00 thus having a nice profit.

But because I just started to play I don't want to quit right away so I continue playing resulting mostly in a bust on the end of my session.
On multiple events also I was up a couple of 100 and I was on fire,enjoying myself and just forget to bloody hit the cashout button.
So a sure profit was played back to 0 again ending in a loss after all.

GREED? Yes I think so!

Now that said,this year I have changed all this,also thanks to some forum members as they explained how they manage bankroll and playstyle and improved my own behaviour a lot.
This year I made more withdrawals than 2013&2014 combined due to changed behaviour.

Now when I deposit and I hit a nice win I immediatelly WD my initial deposit and x amount of profit.
Will continue playing with this remaining balance until I bust out or hit another nice win.

Example is a few weeks ago where I deposited €100.00 at a certain casino,managed to cash €600.00 (€100 & €500 profit) and left myself with just over €80 to play with.
With this I went to play Girls with Guns Frozen dawn and hit a nice 540x bet (€1.20 stake) on the magnetic wilds feature and cashed out another €600.00.
Busted out with the remainder of the balance but ended up with a cool €1100 profit.

I am trying to maintain this play style now and it seems to work much better as in the past I just would continue playing in a lot of occasions.

What I sometimes also do is huge bets but only when I am up a serious amount of money.
A few months ago I did €300 worth of €10-€20 spins on WMS slot Bierhaus as I was up well over 1k and was just dreaming of a huge hit or FS bonusround which never came in...

Anyone else sometimes does some crazy bets when up in balance?

I mean,1 good hit and you could end up winning thousands.
Never happened yet on those stakes as I play them very seldom.

Normally a medium roller with preferred bets anything between €0.45 (DOA) and €3.00 (WMS/Netent/MGS)

 

[Casino2014man]

@Casino2014
Sorry .... just being envious. You are right -- you were just sharing one of those "ah crap" moments. Curious to know which games you were playing. Glad to see you will be spending your winnings wisely!

It was a few different games - I started on the new netent dazzle game, that got me up £60.

Moved on to Deck the Halls by MG, which ate the lot.

Then I played bust the bank, and won £200. Grew the balance playing Karate Pig and the Casinomeister slot getting some big hits. Had some very lucky hits today - really weird for me this year!

Lost the majority of my extra money doing £6 spins on bridesmaids - crazy I know - (one bonus round, it paid 4x..) and then lost a few hundred on roulette. Always my downfall roulette..

 

[Casino2014man]

First of all gratz on your win.
And I fully understand where you come from.
Only for me it is a slightly different story as once I have hit the withdrawal button I will not reverse my withdrawal!!
My problem often is that I would let's say deposit €100.00 and very quickly after doing so I could be up €200.00 thus having a nice profit.

But because I just started to play I don't want to quit right away so I continue playing resulting mostly in a bust on the end of my session.
On multiple events also I was up a couple of 100 and I was on fire,enjoying myself and just forget to bloody hit the cashout button.
So a sure profit was played back to 0 again ending in a loss after all.

GREED? Yes I think so!

Now that said,this year I have changed all this,also thanks to some forum members as they explained how they manage bankroll and playstyle and improved my own behaviour a lot.
This year I made more withdrawals than 2013&2014 combined due to changed behaviour.

Now when I deposit and I hit a nice win I immediatelly WD my initial deposit and x amount of profit.
Will continue playing with this remaining balance until I bust out or hit another nice win.

Example is a few weeks ago where I deposited €100.00 at a certain casino,managed to cash €600.00 (€100 & €500 profit) and left myself with just over €80 to play with.
With this I went to play Girls with Guns Frozen dawn and hit a nice 540x bet (€1.20 stake) on the magnetic wilds feature and cashed out another €600.00.
Busted out with the remainder of the balance but ended up with a cool €1100 profit.

I am trying to maintain this play style now and it seems to work much better as in the past I just would continue playing in a lot of occasions.

What I sometimes also do is huge bets but only when I am up a serious amount of money.
A few months ago I did €300 worth of €10-€20 spins on WMS slot Bierhaus as I was up well over 1k and was just dreaming of a huge hit or FS bonusround which never came in...

Anyone else sometimes does some crazy bets when up in balance?

I mean,1 good hit and you could end up winning thousands.
Never happened yet on those stakes as I play them very seldom.

Normally a medium roller with preferred bets anything between €0.45 (DOA) and €3.00 (WMS/Netent/MGS)

This was my massive issue. I am normally a £1 spin man, I kept doing £5-£8 spins when I was so ahead as I was dreaming..

 

[michielm1]

In most of my cases of losing back, its because of the bet raising. I think i should stay on my original bet size.
If i would want to increase i would assume the machine wants an equal amount of bigger spins on the bigger bet size on avg...
Offcourse there is the occasional quick hit, but i like to think im not that kind of quick all or nothing player. Im more of a grinder, so if i win a couple times my original deposit, i already have had at least a half decent play time. And that is exactly what makes withdrawing more easy.

 

[Harry_BKK]

Guys&Girls this is called gambling and casino2014man you are right... it is greed which sets in. Hitting that one massive win on a big bet, which usually does not happen.

I had it twice in my 17 years of online gaming.... 20K win on a 25EUR bet on LOADED and 22.5K on a 45EUR bet on SPRING BREAK (both at Royal Vegas) and probably 100's of times where i lost the lot very quickly.

Sometimes reversing works out and you win more, sometimes you end up losing it and depositing even more chasing that earlier withdrawal What i find really odd in these situations is that ALWAYS at some point i make it back to appr. 75% of my initial withdrawal + extra deposits, go figure. ...The soon i hit that number it is 99% sure it will go down again with lightening speed or in 1% of the cases i go further up to a nice profit.

Happened just 10 days ago at 32RED... had a withdrawal of 3.5K pending over the weekend (was still down by 1.6K though) so i decided to reverse to maybe claw back the reminder of the losses, after all i had Friday to Sunday time to do that, so i thought. ....However, went on a bender playing high bets from 9-22.5$ on CENTRE COURT and TSII and ended up ditching the 3.5K and another 5K in deposits in an absolutely atrocious session.

Last night, back to my normal 1.50-3.00 bets and what do you know, i made 300 profit Withdrew it, which is my normal strategy. If i am ahead by 100 x my highest bet of the session i cash out.

 

[mac72]

Happened just 10 days ago at 32RED... had a withdrawal of 3.5K pending over the weekend (was still down by 1.6K though) so i decided to reverse to maybe claw back the reminder of the losses, after all i had Friday to Sunday time to do that, so i thought. ....However, went on a bender playing high bets from 9-22.5$ on CENTRE COURT and TSII and ended up ditching the 3.5K and another 5K in deposits in an absolutely atrocious session.

Harry, you did a harry!

 

[Harry_BKK]

Happened just 10 days ago at 32RED... had a withdrawal of 3.5K pending over the weekend (was still down by 1.6K though) so i decided to reverse to maybe claw back the reminder of the losses, after all i had Friday to Sunday time to do that, so i thought. ....However, went on a bender playing high bets from 9-22.5$ on CENTRE COURT and TSII and ended up ditching the 3.5K and another 5K in deposits in an absolutely atrocious session.

Harry, you did a harry!

Yeah mate, and a big one with that and the worst what you can do, coming back from the bars, 1 beer too many and sitting down for "only 30 minutes" - 5 hours later i finally stopped the bleeding

 

[hoff1985]

Yeah! I always try to cash out immediately after a big win, at least a big portion, exactly fort he same reasons. As bigger my balance as more stupid my play style

 

[MightyDuck]

Setting balance-targets is IMHO the most important self-control tool you have available when gambling (not only slots, but in general).

It's quite easy when you play with bonuses. You're "target" would be to reach wagering requirements. When you have successfully do so, which is difficult enough in most cases, you should withdraw a certain amount of your balance and play with the remaining cash.

When you play without a bonus I'd recommend setting a realistic target too. After reaching this you don't necessarily need to withdraw. Some players say when reaching your target you are allowed to lose let's say 20% of this balance. So you can withdraw a big chunk of your balance and play with the rest. When the rest is gone. It's over. No reversal.

Btw nice discussion. It's always helpful discussing how to control oneself.

 

[michielm1]

Happened just 10 days ago at 32RED... had a withdrawal of 3.5K pending over the weekend (was still down by 1.6K though) so i decided to reverse to maybe claw back the reminder of the losses, after all i had Friday to Sunday time to do that, so i thought. ....However, went on a bender playing high bets from 9-22.5$ on CENTRE COURT and TSII and ended up ditching the 3.5K and another 5K in deposits in an absolutely atrocious session.

Harry, you did a harry!

That is absolutely sickening. Okey those amounts are big to me, but obv you have a much larger budget. That doenst make it worth less though. Awfull ... i like to keep in mind that mofo slots need to maintain their 90+%rtp so you should get it back one way or the other...

 

[mac72]

The problem here is a common one.The OP isn't elated at winning 800 hes feeling down at 'losing' 1000.Only thing i could add is that its really only play money until you hit that withdrawal button.I do like some of the suggestions of always setting withdrawal amount at say 75% (and always considering that figure to be your winnings with the other 25% is playtime) of max balance and continually adjusting to say the nearest 50 and have tried that with moderate success lately

 

[aceking123]

I am guessing a number of us suffer from this, but I in particular am prone to be a bit of an idiot... Sorry to ramble..

Example:

Today I deposited around £20 at Mr Green for the first time in ages... I won £200 - perfect I thought, a nice withdrawal..

I went and reversed it... and lost it...

Aggravated with myself I deposited another £100... I turned it into £500. Even better, I thought. I am awesome.

I went and reversed it... and turned it into £1000 - I am on a roll!

I then turned the £1000 into £2000 - INSANE!!!

I then managed to do some insane high wagers being a greedy tool, and lost £1k... and withdrew the first 1k.

At the beginning of today, had I known I was going to win 1k, I would first have said, sure. LOL. But also have been over the MOON.

Now, even though it has been processed, and I am really happy as it will hit my card tomorrow, and go straight on bills.. there is a tinge of regret..

well if you dont do the higher bets your never know or learn a thing ,if you can afford it & have no problems losing it then go for it , i sometimes play way out of the bank roll , i know for a fact its not suggested in here , but sometimes on a roll a can reach the double figures with slot bets , mainly it doesn't pay but just sometimes you can hit nicely

if these funds are already won , then hay why not , doesn't mean to say i'm not in control , i just happen to like to go for the win , hence why i don't make that many withdrawals , could of had a nice couple hundred from betat today but like you that gremlin roulette munched the lot

last night 32red again got my balance up to 600 ish which hasn't been seen for a long time again hit playboy devastated the balance RTP% was a joke 43% at £3 per spin , but there go good bet if you hit a good run on that could be 3k very quickly , all part of gambling dont beat yourself up , but stay in control )

 

[dave1888]

had this in 2012 big time turned 50 into a grand and lost the lot. I was steamed because I hadn't upped my bet in time and missed getting the motherload at a high bet I was betting £15 a spin at one point! not good at all!

 

[t4llek]

had this in 2012 big time turned 50 into a grand and lost the lot. I was steamed because I hadn't upped my bet in time and missed getting the motherload at a high bet I was betting £15 a spin at one point! not good at all!

thats my kind of thing, a month ago i turned 50+100% on 32 red on a friday into 7000 in a couple of hours (have a ton of screenshots but 2 lazy to post) and lost it all betting as high as 45€ on the 9 liners, im trying to scoop a huge one, maybe one day it will come my way. I think there a couple more people like me in this forum, most notably the meister, his screenshots show he goes bananas on a small bankroll sometimes also.

 

[dave1888]

thats my kind of thing, a month ago i turned 50+100% on 32 red on a friday into 7000 in a couple of hours (have a ton of screenshots but 2 lazy to post) and lost it all betting as high as 45€ on the 9 liners, im trying to scoop a huge one, maybe one day it will come my way. I think there a couple more people like me in this forum, most notably the meister, his screenshots show he goes bananas on a small bankroll sometimes also.

ouch that's a sick loss!! I'd have cashed that out definitely then just self exclude for a couple of days if the casino is slow..Hope you cash out next time.

 

[Harry_BKK]

That is absolutely sickening. Okey those amounts are big to me, but obv you have a much larger budget. That doenst make it worth less though. Awfull ... i like to keep in mind that mofo slots need to maintain their 90+%rtp so you should get it back one way or the other...

Even with a larger budget, those amounts hurt badly, believe me.

I am mostly OK at 32RED when betting max. 3$, maybe occasionally up to $6. I reversed yesterday again part of my pending cashin where i had withdrawn 1K which was a 300$ profit for that session (see last sentence in post #14). Stuck strictly to max 3$ bets and got the withdrawal up to total 1.6K playing Centre Court and TSII. I raised my bets once above the $3 and that for only 10 spins @ $4.50 on Centre Court. Miraculously i hit the Free Spins on spin 6 and it paid 165xbet.

What really hits me hard every time at 32RED is betting high. You would think out of 20, 30, 40 sessions with high bets, and i mean 9$ and higher up to 25$, you would have once at least a good playtime or maybe make a little profit. Nothing, NADA.... no matter which slots i play, exactly those don't pay a dime in those sessions. Come back next day, play max $3 and i can make a small profit for that session, go figure.

I posted this once in a different thread: one session i was already down some 3K on TSII with 1x free spins only which paid nothing when i deposited another $500 and put it on autospin @ 15$ bets. The balance was "0" at spins 38. It paid 5 bets out of 38!!!!