Big Gambling mistakes you have ever made?

Quote: ThatDonGuy

IIRC, all 10 cards in VP are "dealt" in advance - the card you receive when you discard a particular card is not affected by what other cards you discarded, or how long you take to push the "draw" button.

Don, Are you saying that is one of the biggest mistakes? Because that is not how modern day poker machines work. Modern machines are continually shuffling the remainder of the deck while you choose your hold cards.

My biggest gambling mistakes have involved an affinity for orange. In 2008, I took Clemson at 50-1 to win the national college football title in July. They opened as seven point favorites versus Alabama on August 30. Yes, seven point favorites. I had gotten a real good futures number, and those 50-1 odds were long gone by the time the first game kicked off. As I recall, Alabama ran back the opening kickoff for a touchdown, and it was downhill from there. It wound up a 34-10 blowout. My futures bet had lasted about 10 seconds, the time it took for Alabama to run back that opening kick.

A few years before that, I had taken Clemson at 100-1 and 120-1 to win the college hoops title. They started off something like 16-0 or 17-0, and those odds were long gone two months into the season. Well, it turns out they couldn't handle full court presses and couldn't shoot free throws, and they blew about six games with double digit leads and fewer than five minutes left. They collapsed so hard, they didn't even make the tournament.

Orange, as they say, was the new red for me.

One of my biggest gambling mistakes was in my first 6 months of AP'ing. I educated someone who was about to leave town that night after they found no sucsess looking into AP here. They had had some sucsess in a niche gambling area in different state far away that was no longer viable. They just happend to run into me one night and asked me a simple question that lead to more. I made a deal with them thinking it wasn't a big deal, I didnt see the downside. They never honored the deal that should have been many thousands of dollars. Worst than that, they were like a bull in a china shop and they did lots of damage for years to come, and occasionally he became my competition. He also pissed off a lot of other AP's and it was embarrassing to me. Of course, they too did businesses with the guy after I warned them not to and they knew better. He was very successful. I hear he is doing nothing but banging whores in some Asian country and living like a king.

Quote: AxelWolf

One of my biggest gambling mistakes was in my first 6 months of AP'ing. I educated someone who was about to leave town that night after they found no sucsess looking into AP here. They had had some sucsess in a niche gambling area in different state far away that was no longer viable. They just happend to run into me one night and asked me a simple question that lead to more. I made a deal with them thinking it wasn't a big deal, I didnt see the downside. They never honored the deal that should have been many thousands of dollars. Worst than that, they were like a bull in a china shop and they did lots of damage for years to come, and occasionally he became my competition. He also pissed off a lot of other AP's and it was embarrassing to me. Of course, they too did businesses with the guy after I warned them not to and they knew better. He was very successful. I hear he is doing nothing but banging whores in some Asian country and living like a king.

Take heart, his d*** probably rotted off from incurable vd.

Biggest mistake has been not going in huge the rare times I've found some huge edges.

A few years ago found a position that was +50% edge on a game and only made low four figures. Found another game that was about +10% and was a little hesitant on it and only made around $100 to $200 per week until it was gone. There was one time I found something even better than those edges and did bet as big as I could ... of course the position I did take lost (getting 10-to-1 betting a game early that ended up closing around even money).

Quote: beachbumbabs

Some of the misinformation and inconsistency you refute is because LS went back and edited her post. Her original claim was that she pushed a button labeled "C" (not "C&E" or whatever she says now) thinking it meant "CashOut".

still lots of misinformation posted.
you have to agree, with or without any edits.

Quote: beachbumbabs

She didn't go back and fix every related fact in her story, which sounded bogus to start; now that seems even more likely.

that seems to be her problem and not mine.

Quote: beachbumbabs

The whole point of the story was to start a thread, IMO.

in your opinion

Quote: beachbumbabs

It would be best to disregard the nonsense and learn something about the poster, which is what I'm doing.

still, the OP has so much FALSE info and, imo, so poorly written, I can't imagine why anyone over the age of 95 would even be interested in reading it.

so she starts a thread.

for(i=1,uniques,prob=binomial(n,uniqueSeq1)*sum(j=0,uniques-1,(-1)^j*\
binomial(uniqueSeq1,j)*(uniqueSeq1-j)^draws)/n^draws)
EXCELLENT!!

winsome johnny (not Win some johnny)

why does this forum allow fake people to post nonsense?

Back in the late 90's, I was at Harrah's Tahoe and after a good night at the craps table, I cashed out a couple hundred ahead. It was late, and I may or may not have had a few beverages. On the way to the cage, I figured that I would play one hand $25 of BJ, so I threw a green chip down and got my two cards. I scratched the felt for a hit, and the dealer looked at me like I had two heads, but never said a word. So, I tucked my cards. At showdown, he flips my cards, takes my money, and shakes his head.

To this day, I have no idea what game I played, but it sure wasn't blackjack!

Not casino gambling, but risking money - when I was in my early 20s, I got a bonus at work. it was about 25% of my salary at the time. I let a coworker talk me into buying stock options with the whole amount. The options were trading $0 @ $0.20. So $0.20 to buy, $0 to sell. I bought them, immediately got cold feet, and sold them back the minute my coworker walked away. I sold at a $0 price. And then I had no money.....

One time way back when I was a gambling noob my wife and I were playing some JoB VP, she cashed out and went to take a bathroom break. She comes back and starts banging away on the machine again.

An hour later I look over at her screen and it’s double bonus poker, the screen reset to another game screen when she was gone and she didn’t notice. Miraculously she managed to stay even while playing JoB strategy on DB for one hour.