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Question Why does this happen every time? Crash and burn over $1000.

Discussion in 'Online Casinos' started by frosty3907, Aug 2, 2012.

    Aug 2, 2012
  1. frosty3907

    frosty3907 Non-Gambler

    Occupation:
    unemployed
    Location:
    Australia
    Hello everyone,

    I'm a moderate better, $1-$5 per spin generally, lately I've been depositing ~$100 and will gradually work up to about $1000, unfortunately I've almost never withdrawn in my life, but what seems strange is that after this point ($1000) the games will just TANK.

    I mean, I spent a few hours getting to $1200 and then @ Dragon's Loot $5 bets went 400 games without feature and bottomed out.

    This has happened about 4 times in a row and I've always noticed before once you get over $1000 warning bells start blaring, because almost every time it's like the software says "Ok, you've had your fun, time to get my money back".

    Also to a lesser extent I've noticed a lot of the time you'll get an initial winning period, when I play on physical slots quite often they will just lose lose lose from the start, but online you almost always have a little win at the start, do you think these are programmed in?

    Or am I just mad?
     
    2 people like this.
  2. Aug 2, 2012
  3. mattsgame

    mattsgame Ueber Meister CAG webmeister

    Occupation:
    Web Master
    Location:
    Clown Town

    You're MAD :D sorry could not help it.

    You're quite lucky getting $100 to $1,000 in the first place, especially with such high bets on a small bank roll. Which slots do you play apart from Dragons Loot? Dragons Loot is quite high in variance, so long losing streaks do occur but you may get that nice little run, but it will end eventually. 400 bets at $5 is $2,000 so you did manage $800 of extra spins so to speak. Do you stick to the one slot each session or change it up?

    When you win some do you up the bets to your bankroll? I know I do this and have done this, if I am on $1,000 I will start betting stupid amounts I would never dream of and then ask myself were did that money go.

    Slots are a random event and nothing is programmed in.
     
    4 people like this.
  4. Aug 2, 2012
  5. Tirilej

    Tirilej Still a Lady CAG MM

    Occupation:
    Breathing
    Location:
    Sweden
    I think you are just mad:)
    The worst part is that the only one you can be mad on is yourself.

    Why don't you cash out?
    You can start learning to control yourself by at least cashing out a small part, and then make it a habit.

    I do know the feeling. I did the same yesterday, not the same amount, but I blame myself and get over it;)
     
    7 people like this.
  6. Aug 2, 2012
  7. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Whatever the reasons for this happening, try setting yourself a target, $1000 if you like, but then WITHDRAW some money, $800 say. This leaves you $200, double your usual deposit. Take a break, and then come back later. You can then play on that $200 and if thet games "tank" you will quickly lose it. However, unlike before, you will still have that $800 on it's way. You MUST get into the habit of seeing this as the end of your session, rather than getting tempted to reverse and lose the $800 back. You would not only be fighting your own desires, but those of the casino who will try to entice you to reverse. The usual tactic is making you wait to see your money, holding on to it "for your convenience" for 24 to 96 hours, even more in some cases. Some are known to offer you an additional bonus if you reverse your withdrawal.

    Another reason for withdrawing is to see how quickly the casino pays, and whether they mess you around over documents, or have a quick, streamlined, verification process.

    If you still want to play, go to a different casino, and use another $100.

    This way, every time you manage to work your balance up so high, you will keep a large chunk of it. This will make your money last longer as not all your $100 deposits will be funded from your income.
     
    10 people like this.
  8. Aug 2, 2012
  9. Nifty29

    Nifty29 Dormant account

    Occupation:
    PAID CASINO SHILL
    Location:
    Turn right, then right. then right again
    Do you really want the answer? :p

    Actually, at first glance, your issue seems to be bet size vs bankroll, with a splash of unreasonable expectations.

    What I mean is that you if you're going to bet $1, you need to start with around $200 in your bankroll.....for $5 you need $1000. These amounts are dependent on the volatility/variance of the slot also. A high variance slot with $1 bets might need a $300 bankroll and so forth, to allow you to ride out the dry spells.

    The expectations part is the amount you expect to reach before you cashout. I have learned over the years to set a cashout amount dependent on my deposit amount......in my case it is 5x deposit......if I deposit $100 I cashout at $600 and leave my original $100 to keep playing. Now, everyone is different, but my experience has made me cashout at that point because its not unrealistic and it means I have 5 more deposits at other casinos to increase my chances and protect my bankroll.

    Personally, if I hit $1000 from a $100 start I would be outta there with the cash. However, if you're someone who is only interested in the "big hit", then my method may not work for you. It's possible you will get your "big hit" by playing on past $1000, but the vast majority of the time you will lose the lot. Question is, will that "big hit" cover all those times you could have withdrawn $1000 but didn't? If you got to $1k five times, you'd have to hit $5k just to "draw even".

    I really think having lower expectations means more cash in your pocket overall, just in smaller parcels. You also need to consider that if you DO reach $10k+, would you REALLY stop and cashout? If you can't cashout at 10x deposit, your chances at 20 or 30x might be no better.

    Anyway, just my thoughts but there they are.
     
    13 people like this.
  10. Aug 2, 2012
  11. incrediblestuff

    incrediblestuff SearchingForTheHolyGrail! CAG webmeister

    Occupation:
    Currently: Self employed, Previously: Manager
    Location:
    Mostly the Netherlands
    Thanks all, another thread to wake me up:thumbsup:, and who knows soon i might be on the good side of humans being habitual animals:)
    (as in hearing ten thousand times about setting goals and once actually keeping the settings ^^)
     
    Last edited: Aug 2, 2012
    2 people like this.
  12. Aug 2, 2012
  13. Tirilej

    Tirilej Still a Lady CAG MM

    Occupation:
    Breathing
    Location:
    Sweden
    Exactly my thoughts:thumbsup:
    We do need to remind ourselves. Not only on how we should do to control ourselves when it comes to cashing out, but also that we are all still very human and that we all are doing the same mistakes as the OP.
    ...even though we know better and have heard it so much:)
     
    3 people like this.
  14. Aug 2, 2012
  15. Jasminebed

    Jasminebed Closer to 100 than Birth

    Occupation:
    Not in workforce
    Location:
    Ontario
    You have received some excellent advice, advice that I've received before and that has really helped.

    It seems such a small thing, but you really can withdraw some and leave some to play on with. Was probably the single best piece of advice I've received here.

    The other thing that helped me was to lower my cashout expectations. I used to aim for $1000, and rarely get there even to cashout. There are quite a number of times $950 balances would disappear trying to work it up to $1000.

    $500 - $800 cashouts are pretty satisfactory IMO. Even a withdrawal of a couple of hundred feels pretty good when you get up in the morning.
     
    3 people like this.
  16. Aug 2, 2012
  17. bpb

    bpb Banned User - repeated violations of rule 1.14 (tr PABnorogue PABnonaccred

    Location:
    Haverhill
    Ding Ding Ding ... we have a winner!
     
  18. Aug 3, 2012
  19. frosty3907

    frosty3907 Non-Gambler

    Occupation:
    unemployed
    Location:
    Australia
    Thanks all, you're right about cashing out, I'm not sure if it's because I'm hoping for that big win (as in, something that would put a dent in the amount I've lost over the years) or because I figure, "If I won $1000 off that $100, then chances are that I'll be able to do it again at least once in the ten $100's I have to bet with now right?"

    I've never been a withdrawer, more on the problem side of gaming I suppose- keep trying to give it up and really should before I end up broke and stealing money again, but that's a thread for another day.

    Thanks.
     
  20. Aug 3, 2012
  21. Nifty29

    Nifty29 Dormant account

    Occupation:
    PAID CASINO SHILL
    Location:
    Turn right, then right. then right again
    Well you say you're unemployed, and you've obviously stolen before to pay for your gambling.

    Honestly, if I were you I would get to a Gamblers Anonymous meeting ASAP as IMO you have a serious problem.

    FWIW, $5 bets are not what most would call "moderate".
     
    1 person likes this.

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