Why did I have to give it ALL back?

[bw2006]

Hello All,
For the most part I feel that I am responsible when it comes to online gaming. I don't spend more than I can afford and I don't ever try to chase losses. I can usually cashout and will do so even if only up a few hundred. On Friday I made a $25 deposit into Cherry Red and actually got it up to $3700!!! It was a different feeling - I felt like I was on fire and nothing could stop me. Why didn't I have the strength to hit that withdraw button? I usually have the restraint to do so and am beating myself up because I ended up putting it all back!! Makes me so sick to think about it!!!! After I did this I took a break and didn't go on the computer for the rest of the weekend - I didn't want to chase my loss and knew I would feel even worse for that. If anyone has any advice or experiences - I would love to hear them. Thanks so much!!!

 

[Jasminebed]

I think most of us have did that at some point or another.

One thing another member reminded me of is that is possible to cashout PART of your winnings, leaving a balance to play with.

You can even do it more than once in a single play session.

Set yourself a withdrawal goal when you deposit. That goal is individual, and may vary on the size of your deposit. Let's say you deposit $100, and your goal is $1K or bust. You hit $1300 right off the bat. Withdraw $1K. Continue playing with the $300, if you get your balance up to $1.5K, then withdraw another grand.

You get my drift. And keep this last session in mind next time you sit down. That goes a long way to helping you meet your playing goals.

It is an easy mindset to fall into that this money is the "casino's" money you are playing with. Once you have met any WR's if you played with a bonus, it is YOUR money.

Try not to beat yourself up too much. You lost a deposit that you made prepared to lose it, and hopefully had a heck of an exciting ride during the same period.

 

[Peter-Jan]

Hello All,
For the most part I feel that I am responsible when it comes to online gaming. I don't spend more than I can afford and I don't ever try to chase losses. I can usually cashout and will do so even if only up a few hundred. On Friday I made a $25 deposit into Cherry Red and actually got it up to $3700!!! It was a different feeling - I felt like I was on fire and nothing could stop me. Why didn't I have the strength to hit that withdraw button? I usually have the restraint to do so and am beating myself up because I ended up putting it all back!! Makes me so sick to think about it!!!! After I did this I took a break and didn't go on the computer for the rest of the weekend - I didn't want to chase my loss and knew I would feel even worse for that. If anyone has any advice or experiences - I would love to hear them. Thanks so much!!!

Do you have anyone in real life (not an internet forum) to talk about it?

Feeling the shame of admitting this in person could help you to cashout next time.

Also, do NOT deposit for a while.

 

[LaurieJim]

I have been there and done the exact same thing, even have the footprints where i kicked my own ass for playing and being stupid at the time and not cashing out. Its a normal feeling, a sick feeling but normal to feel this way.

There is a certain high emotion you get when you have a balance up past the point of , where you feel like "well i never could play this game at that big of a bet before and who knows i might make my balance even bigger". or i will just play for awhile longer and cashout at this amount, when you get to that amount it goes down and down till your at 0, checking how many comps you might have.

I know it wont give you much comfort, but you are not alone, this happens often among gamblers...............laurie

 

[De Beuker]

Hello All,
For the most part I feel that I am responsible when it comes to online gaming. I don't spend more than I can afford and I don't ever try to chase losses. I can usually cashout and will do so even if only up a few hundred. On Friday I made a $25 deposit into Cherry Red and actually got it up to $3700!!! It was a different feeling - I felt like I was on fire and nothing could stop me. Why didn't I have the strength to hit that withdraw button? I usually have the restraint to do so and am beating myself up because I ended up putting it all back!! Makes me so sick to think about it!!!! After I did this I took a break and didn't go on the computer for the rest of the weekend - I didn't want to chase my loss and knew I would feel even worse for that. If anyone has any advice or experiences - I would love to hear them. Thanks so much!!!

I think most of us are familiar with this phenomena..
You could try to cashout a part of your winnings next time.
A cashout doesn't have to be the end of your session, just cashout half, or whatever you like and play on with the remaining balance, try to build that up again.
This way you won't be tempted to wager much higher because of those 4 figures in the left upper corner of your screen..

edit: Damn, 4 replies when I was typing, lots of helpful ppl here!!

 

[love2winalot]

Hiya: Well, you actually only, LOST, $25. The rest of what you made would have been profit. But, the fact is that your bank acct. is down only -$25.

WOW, You lost $25 gambling on the Internet? You need help, hehehehe
I am not laughing at you, i am laughing with you....

Every single person on this board has done what you just did, and some of us, more than once, and some of us, it was a lot more than $25 as the initial deposit. At one point or another, all of us are Idiots.

Since you asked, here it is. imhop, You take the deposit amount, and multiply it by 2 or 3, for table games, or have a set target for slots. When either of those happen, You withdraw All, or Most of the profit. This way, if you end up now giving back the rest, you still made a net profit of 2-3 times your deposit. Set the target. Type it up, "Withdraw at $400", as example, and tape it to the top of the monitor. Follow instructions. Good Luck.

 

[oldtrvlagt]

Don't beat yourself up too bad...as you can see there are many here that have done the same thing..including me! I just did it over the weekend...playing a Rival casino...made the WR and decided it could only get better Obviously, it didn't! I know better...was at $800 and my cashout would have been $1000 but I just couldn't get it there. (I know I should have cashed out part and played with the rest). I chalk it up to another "greed" lesson learned

 

[takethemoney]

Been there done that. I think what really happens is you're not used to having that kind of money to gamble with. You, like others, probably figured here is a chance to really gamble and win big. You did and it didn't work out. The next time you turn a small sum into several thousand I'll bet you think differently. I won over $40,000 from Cherrry Red on a $100 deposit, over 3 random jackpots. I spent $8000 of it back due to reversible cashouts. I'm glad I collected the bulk of the money.

 

[rockycatt]

I have a sign a top of my p c it says cash out on time because ive done similar as you , in my case its been lesser amounts but after taking a inventory of the events i do realize that cashing out was a thought i
had just about each time

any way dont beat yourself up thats orders

 

[De Beuker]

Been there done that. I think what really happens is you're not used to having that kind of money to gamble with. You, like others, probably figured here is a chance to really gamble and win big. You did and it didn't work out. The next time you turn a small sum into several thousand I'll bet you think differently. I won over $40,000 from Cherrry Red on a $100 deposit, over 3 random jackpots. I spent $8000 of it back due to reversible cashouts. I'm glad I collected the bulk of the money.

I think you hit the nail on the head there.
You just don't fully realise how much money you have at that point.
As long as its in your account its credits, it becomes money at the moment its in your bank or webwallet.
When I played back my 1600.- win at Roxy Palace a year ago I only realised a few hours afterwards what I just did.
Sixteenhundred euro's.. when still playing I just didn't fully realise how much I had won.
Upping your bets is so easy with such a balance, especially when you're in a winning mood..

 

[Wildfire7]

Been there done that. I think what really happens is you're not used to having that kind of money to gamble with. You, like others, probably figured here is a chance to really gamble and win big. You did and it didn't work out. The next time you turn a small sum into several thousand I'll bet you think differently. I won over $40,000 from Cherrry Red on a $100 deposit, over 3 random jackpots. I spent $8000 of it back due to reversible cashouts. I'm glad I collected the bulk of the money.

It is true many players find it difficult to stick to their original cashout target if on a good run. In my early days of playing online this used to happen to me. Until I realised that it is more productive to cashout smaller increments as you are playing. That way your mindset is locked into your usual comfort zone, ie the kind of bankroll you are in control of and know what risks you can afford to take.

If a session is going so well you find yourself on a very good run, then cashout a large chunk of it quickly, otherwise you can find yourself chasing the bankroll highpoint, and chasing in this business is always risky especially when your chasing something that has a very good head start....the house edge.

Mike

 

[DiamondGeezer]

So many good posts on here as always. The only thing I can add is that it's the rush isn't it? That feeling of being unstoppable. That your time has come. You are winning strongly so it seem logical you will continue to win.

I think the only aid to dealing with it is experience. If you look at huge sports events often the best players are not the most talented ones but those who handle the occasion best. And often they are the experienced players.


The only thing I can say is that after you have done this a couple of times ie lose a winning balance (as I have) you get a rough idea of when to stop. You find yourself coming away with a bit more every time. Also NEVER EVER try to hit a round number eg 4000 as that will end in disaster.

 

[secret2]

Oh, yeah. Been there and still doing it.

I think we all know when the slots, (that's what I play...RTG, mainly), that when we hit a 'large' hit , we really should move on to another slot but not always...THERE is the catch, too. Sometimes, as with Azrtec Treasure, the wild icons can carry on for a while.

I think I can guage when it is not going to go to a big hit. It remains 'even' and then slightly less per spin....gradually....that's when I should move on...

I have the best luck on Thursdays and Friday evenings...after 7pm ...USA EST.

(Ok, I could say also... sitting crossed legged, with a leprechaun on me lap...but...ya know)

My best advise is to try and stay level -headed, don't drink and gamble...and whether you're having fun OR NEED to win. BIG difference, right?

 

[felicie]

Greed usually leaves a wound when it rears it's ugly head. Time heals all.

 

[gloria460]

The thing that I do when I get to a certain sum and I've just started doing this the past three months is to go to live chat and ask them to flush my withdrawal. slotocash, clubworld and platinum play will flush immediately. I leave a small amount to play with and there is no further temptation to play bc your money is gone.

The next morning before going to work I put in a withdrawal and don't look back. The next morning it's headed to my bank account and I feel a lot better since I've been doing this.

 

[bw2006]

Wow - Thanks to everyone who posted!!! You all gave me such helpful advice! I feel better after reading these posts - I know it will take more experience to have more control but I will not forget that feeling....I hope that will help me to withdraw right away!!

 

[lost2much]

I'm ashamed to say bw that unfortunately I can top that. Playing at a Casino Rewards site a couple of weeks ago. I got up to $2000 playing the 4 hand deuces wild game. Got 4 deuces dealt and won $5000. I did the "smart" thing and cashed out the 5K. Unfortunately it was on a friday night and with the stupid 48 hour reverse period..... let's just say that it was a very looonng weekend. I lost all but my original couple of hundred I had deposited. I hate that waiting period, but it was my own stupid fault. I told the wife that next time I hit something big, that I am disconnecting the computer and having her stash the computer modem at her work until I get paid out. STUPID, STUPID, STUPID.........

 

[BingoT]

bw2006 I wish you all the best of luck in the future.
We all learn by our mistakes that's for sure.
It all comes down to Self Control.
A lot of great helpful advice has been posted here.
All I can say is just seek the best road to take for the best outcome that you are looking for yourself and it will work out for you.
Never ever beat yourself down.
If you seek any outside help go get the help you need.You have great organizations in your local area that have many great people you can talk to you that will guide you in the right direction.
Set the best goals for yourself for a better tomorrow.
I wish you well.
~T~

 

[Balky]

I think that each of us forum members has had some similar experience. I had a 2K+ hit in a playtech casino and put it all on cashout, but... 4 days pending time... reversal... roulette... chasing the green 0 with higher and higher stakes... in the end the zero really showed up, only it wasnt the green roulette number but a HUGE zero in my balance field. Of course I felt like an ass for some time, but I think I learnt a lesson. 2009 was a superlucky year for me and I had lots of cashouts in several casinos, including an RTG jackpot and whenever there was a nice amount in balance and the WR was done I found the cashout button.

Cheers Balky

 

[SlotMonster]

Hiya: Well, you actually only, LOST, $25. The rest of what you made would have been profit. But, the fact is that your bank acct. is down only -$25.

Exactly my point! It WOULD BE your money if you managed to find "Cashout" button.