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Why do we chase

Discussion in 'Online Casinos' started by Ian92435, Apr 12, 2006.

    Apr 12, 2006
  1. Ian92435

    Ian92435 Dormant account

    Occupation:
    painter
    Location:
    Australia
    I made a deposit at Intercasino & had $400 in my account. Every other month i like to grind away. This month i wanted to do the WR quick. With the $400 in my account i started playing $100 a hand. Well i lost the first 4 hands so idiot me then makes a $500 redeposit. I then lose the next 5 hands. Really angry i make another $200 deposit thinking i can't lose 10 in a row of the first 10 hands i play. I bet $200 and lose again. Why o why do we chase, i knew i should have switched off my computer after i lost the first 4 hands in a row :( I guess it will teach me for betting big at an online casino
     
  2. Apr 12, 2006
  3. tantalos

    tantalos Experienced Member

    Occupation:
    Engineer
    Location:
    Here and There
    I've been there ,mate. It had happened to me with Inter casino 3 or 4 months ago - but with smaller amounts.

    Whenever I visit a b&m casino, I play BJ with $5 bets, having a total bankroll of $50 - so , if I lose them all, the night ends there for me.

    I decided to do so with Intercasino, as I thought this plan might be profitable (it had been profitable to b&m casinos for me before...), so I deposited $50 and started playing BJ at $5 a hand.

    Needless to say, I lost the whole stack, re-deposited,lost it, re-deposited and lost it.

    Of course, $150 is only a small amount compared to $1000. However, it was rather painful to me - not because of the $$$ I lost, but because I found out - in a most unappropriate way - that I had been uncapable of remaining calm,admit my initial $50 loss, shut down my PC and go for a walk or something...

    Since that day, I always try to be patient with the bets I place on BJ (I never/rarely play any other games). And, please take note of this, even if I decide to place bigger bets than my usual ones, I make sure that my bets are always small compared to my whole stack I have available for playing at that very specific time.

    I don't know why, maybe I'm just being superstitious, but I think that whenever I bet amounts that are small fractions of my bankroll, I -almost- always lose the hand. The perfect example for this is when I accidentaly press the "25-chip" button which is exactly below the "Repeat Bet" button at Cryptologic BJ....I've only won ONE of these accidental bets.

    Just forget about the whole thing mate, there's nothing you can do about it. Keep playing the normal way and hopefully you'll get your losses back. Maybe it will take a while , but it's better than throwing another thousand down the drain.
     
  4. Apr 12, 2006
  5. KasinoKing

    KasinoKing WebMeister & Slotaholic.. CAG MM PABnonaccred webmeister

    Occupation:
    House-Husband and Casino Advisor
    Location:
    Bexhill on sea, England
    I think your thread should have been called 'why do we place crazy bets?', not why do we chase.
    We all chase for the reason you mentioned, but yours is slightly extreme!
    I can not begin to imagine placing $100 bets - especially if I assume correctly that you are talking about BlackJack - notoriously streaky at Intercasino!
    Even if I was down to my last $20 I would not even place $5 bets!

    $1,100 for what, not even 5 minutes of play? :eek: :eek2:

    Better luck next time mate :thumbsup:
     
  6. Apr 12, 2006
  7. A23456789TJQK

    A23456789TJQK Dormant account

    Location:
    Canada
    Intercasino and all Crypto are known for spotting chasers right and kill them.
    You just found the wrong place to chase mate.
    Ask the master of all chasers, Cipher. He might know. HA HA.
     
  8. Apr 12, 2006
  9. Reef

    Reef Dormant account

    Occupation:
    Student
    Location:
    USA
    statements like "I can't lose this 10th hand, I've lost the last 9" shows me a lack of understanding of the math.

    Each hand is an independant event. On the 10th hand, you were about a 49.5% to win.

    Also, losing 10 in a row is only a ~1 in 930 event.
     
    1 person likes this.
  10. Apr 12, 2006
  11. Let_It_Ride

    Let_It_Ride Quit Gambling

    Occupation:
    none
    Location:
    europe
    I think most of us chase (well me anyway) because I hate to come out from a session losing money, deep down we all want to be winners. It's always a case of just one more hand or one more spin! No matter what the math says, it's hard to believe that we can lose 10 in a row, I mean how is that possible, LOL how come we never win 10 in a row.

    Still since hanging out at casinomeister, I've picked up some real good advise, I still chase but a lot less now and have even been known to cash out now and again :p
     
  12. Apr 12, 2006
  13. nafanny29

    nafanny29 Dormant account

    Occupation:
    financail adviser
    Location:
    London, England
    Ian that scary because yerterday afternoon I logged on to Intercasino and lost 11 hands of BJ straight off. They were only 2 each though but an amazing coincidence!!
     
  14. Apr 12, 2006
  15. soflat

    soflat Senior Member

    Occupation:
    Scientist
    Location:
    Florida
    About six months ago I deposited $100 in Omni and was going to try to get the bonus (I had quickly busted at both Omni and Sand the previous month and swore I would never go back). I busted real quick, and redeposited (I was now on a mission). On the third deposit I lost the first few hands and without thinking started Martingaling. They got $400 out of me that night.

    But I wasn't finished. I had already cleared 32red's monthly and had $350 there. My logic was that if I played roulette for $10 single number and hit early I could recover and go to sleep. Well lo and behold I hit within the first few spins and I was down less than $100 for the night. But if that was so easy why not try for one more hit? It wasn't so easy, 60 spins of the wheel at $10 a pop yielded nothing.

    Now I was numb.

    Next I burned through my Intercasino balance of $300. That took 5-10 minutes.

    At the time the losses amounted to about 1/3 of my bankroll, but I hardly even felt bad about it. I think I just needed to get this recklessness out of my system, because I have never done anything like it again and have multiplied my roll since.
     
  16. Apr 12, 2006
  17. CasinoForumu

    CasinoForumu Dormant account

    Occupation:
    Manager
    Location:
    Bursa
    I dont bet the same amount on each hand in blackjack.But at casinowar,putting same amound in each hand works,but I have to withdraw when I am 30% negative on my deposit,or I lost all.But it is not very exciting to play it however it allows to make a small profit.
     
  18. Apr 13, 2006
  19. 42ndSSD

    42ndSSD Dormant account

    Occupation:
    Retired
    Location:
    California
    Probably the craziest bet I've placed was $200 on the Baccarat tie line. I wasn't chasing anything though, chasing losses is the Road to Busto.

    I'd just had an insane winning session of Baccarat while working through a rollover requirement. I'd planned on breaking even at best, but I just couldn't seem to lose--I was up +70 bets out of ~200 hands.

    (That was immediately after a Pontoon session where I tripled my money in less than 15 minutes. Obviously someone had flipped the winswitch on, and I was trying to cash out ASAP before they found the mistake and flipped the doomswitch back on.)

    I had $200 left for the rollover, so I figured "let's get this over with" and put $200 on the Tie line. One big dumb bet in my life, right? No way I'll win, but...

    Well... I won. So I tried it again.

    I won again.

    I fled, with the Devil yapping at my heels. Cashed out, gave it all to charity. (And no, I'm not tempted to try a stunt like this again. :))
     
  20. Apr 14, 2006
  21. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Do I chase?

    Yes, very much so when I wake up and see this after going to bed in front:eek:

    This is a defined benefit risk though, leader is 100% guaranteed $2000 at 6pm EDT Sunday even if it costs to get there. Even losing $2000 chasing will come out OK if I succeed!

    As for my strategy, now that would be telling........
     
  22. Apr 14, 2006
  23. tennis_balls

    tennis_balls Dormant account

    Occupation:
    fish n chips promoter
    Location:
    Albuquerque, NM
    that's what you get for sleeping!
     
  24. Apr 14, 2006
  25. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Zzzzzzzzzzz

    I was waiting to "recycle" my withdrawal!

    I am slightly screwed as my Spin Palace withdrawal didn't make it out in time and will now be Tuesday.

    I am not totally screwed though, as I may or may not have "something up my sleeve" to help me get back the lost ground. It's NOT a loan for 10,000 to get 200 points to catch up!

    Maths on this is interesting, each point costs /$50 in wagering, after which the funds must be withdrawn and cycled to be deposited again (Neteller is a must for the required speed). As wagering on VP and table poker has been cut this time, it looks like slots, so each point costs 2.5 on average. 1000 points costs 2500, however hits of 500 give an extra 25 points. With the 300 VIP bonus on Tuesday, I should most likely come out near even. Any slight improvement in play, or a few decent hits puts me in positive territory.
    I have also been looking at table games that are not "Roulette, BJ or a form of Poker, or, of course, Craps). There are a few, Baccarat has a house edge close to 1.5% (better than slots), and does seem to count, Sic-Bo is dice, but is is NOT "craps", so maybe this will count. Baccarat also offers a chance to take 500+ payoffs on a 50/50 basis (almost), but the degree of risk is nerve wracking (300 banker bet needed), a bad run would kill off the value in any 2000 prize, and this would possibly trigger "chase mode" as the top prize becomes a must have.

    Brute force is not the only way to take out these "high roller" tournaments though, tactics play a part, and along with tactics comes the discipline, other players do not know how many "potential" points I have waiting in Neteller, and one little trick I have discovered is that the scoring script seems to "back calculate" for all net wagering and deposits, thus it is possible to wager first, and lump in with a few grand near the end and advance up to 100 points "in no time". I have seen other players seeming to achieve this and doubt I am the only one using tactics.

    This one will be the hardest, as withdrawals are not being processed today, and only Saturday seems to offer the next opportunity before the end on Sunday. I was well and truly outsmarted overnight, and am still hanging on.
     
  26. Apr 16, 2006
  27. nielsenj

    nielsenj Dormant account webmeister

    Occupation:
    Student
    Location:
    Scandinavia
    All gamblers act on a combination of emotions and logical sense. Sometimes we get to emotional for our own good. Chasing our losses is an example. We know we shouldn't. But sometimes logical sense get blurred by emotions.
     
    Last edited: Apr 16, 2006
  28. Apr 16, 2006
  29. winbig

    winbig Keep winning this amount.

    Occupation:
    Bum
    Location:
    Pennsylvania
    I've lost just as much (and actually won at times) betting big at online casinos that I have in B&M casinos....moral of the story: You'll get the same result online or off.
     

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