Took a substantial lose - $4500 - What next?

[rouletteguy101]

Hey Everyone,

New member here, long time browser.

Quick story, I was playing over the weekend. Went down $2400 playing interactive blackjack (the one where the dealer is on the screen, each player plays from individual shoe, 4 seats at the table, etc). Anyways I lost approximately $1500 playing that (not a huge lose, but noticeable). I decided to do some damage control and play roulette. Next thing I know I am playing thirds on roulette, betting large sums 500/500 per third. I walked out with a lose of $2400.

Frustrated I decided to walk in the next day and do some major damage control. I was playing thirds (middle section and third section), high bets 500/500. Made a couple of rash decisions which costed me another $2000.

So now I am sitting here $4500 down in the hole contemplating my next move. I realize where I went wrong (playing with large sums of cash because I was flustered). I let my emotions become the best of me and thats why I wasn't playing rationally.

So I am asking for the forums advice on what to do? Traditionally I have been quite strong playing thirds. I play on a interblock airball machine and the wheel is quite predictable, therefor I am able to predict when its going to go on a hot streak of 13+.

Whats your advice? Do I go back to the casino in a months time and try to win the money back in small increments (under $500)?

[Proofreaders2000]

have you thought about playing flat-bet hot sectors
(three consecutive hits) separated into thirds (including zeros)

[Proofreaders2000]

Here is a sample test
----------------------------------
Celtic Casino American Wheel-
Sunday, October 30,2016 @ 11:38PM CDT USA

A: 0,28,9,26,30,11,7,20,32,17,5,22,34

B: 15,3,24,36,13,1,00,27,10,25,29,12,8

C: 19,31,18,6,21,33,16,4,23,35,14,2
-----------------------------------------------------
...15,0,6,32,35,23,16 (newest spin-value)

Bet C group for up to 3 spins:  1.) 16(win)

[Steve]

Honestly, the pattern you followed is how gambling problems begin. So i suggest take it as an expensive but valuable lesson to let go. If you are doing it as a business thats one thing, but playing to win back losses is leading to a bad place. You are best to walk away.

Money comes and goes. There are more important things.

[ego]

 Sorry to hear that ...

Brett Morton is a good example and he write in hes book.

Assume you have a bankroll of 5000 Euro - then you don't take all the Money with you to the casino.
First you decide that you will play two games with win and lose target and take that amount of Money with you to the casino.

For example you take 200 Euro for each game - that is 400 Euro and you still have a bankroll with 4600 at home.
And if you follow Brett Mortons Money management strategy you can never lose it all back to the casino if you reach you win target once during your session.
This does not mean you would avoid a chance to hit jackpot and puch for more on a winning strike - but the great thing with Brett Mortons strategy is that it has many saftey nets.

Hes book is Worth the Money just to get the knowledge about hes Money Management Strategy - the other parts in the book is ok but nothing that will give you super skills.

If you had this mentality using Money Management you would have Control over the situtation wich is very important when gambling.

John Patrick is also made good concept about Money management strategy to follow - but i let Nathan Detriot to eloberate about it.

Cheers

[nottophammer]

I play on a interblock airball machine and the wheel is quite predictable, therefor I am able to predict when its going to go on a hot streak of 13+.

If you can see when hot streak coming, there lies your answer. You'll have the money back as quickly as you lost it

[Maui13]

You sound EXACTLY like me ...  and the only way I cured it was to spend more time in the casino.

Let me explain - the "thrill" of betting real money gets to you, and you don't concentrate. I would go in, feel like everyone is watching, heart pounding in my throat, and then do stupid things.

Once you get over that... you have a game plan, methods to test/use, a stop loss and your bank roll.... go in, have a drink take a seat and chill out. That's the best advice I can give.

See the money as a loss, and start from scratch... don't try and play recover. That's just my 2 cents...

[DoctorSudoku]

but playing to win back losses is leading to a bad place. You are best to walk away.

Good advice, especially for people who are new to gambling (and for many veterans also -- sad to say).

[Azim]

Whats your advice? Do I go back to the casino in a months time and try to win the money back in small increments (under $500)?

Never ever think of being able to get your money back.  Don't be putting your good money to chase bad money. You will end up losing your good money.

[FreeRoulette]

@roulettteguy101

Losing a lot of money is a real kick in the stomach, but never try to win back your money.

You said you win decently on some machines. The key to winning is to be consistant and know that sometimes you will lose. (losing will become just part of the system)

My advice, is to take your bankroll. Say you have $5000, divide it by 10 or even 100.

Lets suppose you divide it by 100, that will give you $50 bank roll to play for the day. The goal is to win money and set a stop loss once you start winning. Sometimes, you will lose the 50, but you can lose 100 times before your original bankroll is gone.

Once you figure out just how consistantly your wins are, if it is profitable, then you have it made. You can increase your bankroll for the next set of 100 days. Having a small bankroll will also help avoid that urge to bet it all because you lost so much.

Everyone wants to hit it big, but the key is to win consistantly, slowly draining the casino.


Also, if you get your system down, don't use a player card. The casino will track your wins and might ban you from your money train.

[Thunder Pants]

Id definately suggest winning in small increments.

Here is the "rules" i set for myself:
- always small bankroll (as ive noticed that knowing that i have only a limited number of bets left keeps me in check from taking unnessesary risky large bets & makes sure that i stick to my small 3-4 step progessions & accepts a small loss instead that i can win back in just a couple of bets).
- dont gamble while drunk (Didnt think itll really matter getting a small buzz on, but it clearly affects both my analytics & betting & decisions).
- max session i play is 2 hours a day (as my concentration goes out the window affecting everything).
- Pull out when i feel like it (this goes both for a single bet, partly into a progression or the whole session. Some may argue its wrong & yes there are times i should have stuck to playing out a progression, but there certainly isnt anything wrong with skipping a bet as nothing risked = nothing lost, and you can always recover the hard slow grindy way).

Blackjack:
Not much i can say here other than: study your game/dealer as they definately arnt playing the same. Here im thinking mostly of how many card decks they shuffle in. Ive seen crazy stuff like the dealer pulling 7 aces in a row. Best advice i can give is pretty much always "stand" and wait for the dealer to bust. The times ive won standing on 12 is actually pretty high.

Roulette: i find that analyzing the wheel behavior to be quite helpfull & so i keep analyzing for multiple things during play too. Sometimes its very obvious like i get to the wheel 4 of the 5 hot numbers listed is all in the Zero section so it wasnt hard to pull a profit even with just a bit of flat betting the section. Rarely that easy tho.
i dabble in:
- hot sectors, i check for both hot sections, but also for sectors repeating often and plays a 4-5 step progression (with max bet 20% of bankroll) depending on the situation.
- EC bets, i usually bet all 3 at the same time, multiple ways, progression 4 step max 10% of bankroll. As a general rule: i assume that 2 of them will constantly change while the 3rd will streak after a couple of bets. Protective bet vs zero may be usefull unless zero is outright listed as coldest 5.
- dozens & colums. Mainly Grassroots variations to choose from.
- hot numbers. are nice but tend to expire quick & is hard to catch i find.
- dealers. Again some will probably say it dosnt matter who rolls the ball & its all my imagination.