How to Win and Lose 40k in 2 weeks

Oh I know, I didn't start with 5k at the 30, I started 6-8 tabling at the 10/20 (which still isn't really enough) and after two nights had doubled up and then slowly worked my way to the 30 again. That climb up is the rough part but I've had about a week to reflect and kick myself about 5000 times over my stupidity and I'm ready to start that climb up again. I removed the blackjack icons from the interface but even if they were there, I want to be able to ask myself why would I play a game called 'Give party your money' and not even bother opening it up.

[Fabian]

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Oh I know, I didn't start with 5k at the 30, I started 6-8 tabling at the 10/20 (which still isn't close to enough) and after two nights had doubled up and then slowly worked my way to the 30 again. That climb up is the rough part but I've had about a week to reflect and kick myself about 5000 times over my stupidity and I'm ready to start that climb up again. I removed the blackjack icons from the interface but even if they were there, I want to be able to ask myself why would I play a game called 'Give party your money' and not even bother opening it up.

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I quoted your post and changed (and bolded) the part of it I don't agree with to reflect the truth.

I strongly recommend you read up on bankroll management, because without proper knowledge in that area, you are almost guaranteed to fail as a poker player, no matter how strong you are in other aspects of the game. The short version, if you don't want to research it too much yourself, is that you need at the very least 500 big bets if you want to play mid- or high limit online poker. Considering the number of tables you play I'd recommend more than that though, since your winrate will be lower, thus resulting in larger downswings. Good luck.

[bohemian]

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How to Win and Lose 40k in two weeks.

I wasn't going to share this, but I think its very important that I do so that other people can avoid what I did.

So I regularly multitable the 30/60 on party, with a dabble of 50/100 in there for good measure. After taking a 4 month break due to work and personal commitments, I played at the 30/60, I typically super multitable and in just playing the evenings and weekends since I work all day, in about a week I made about 40k. I'd never gone up an upswing that much or that quickly ever.

And then something really horrible happened, just for fun being in a gambling spirit I played blackjack on party. $200 a hand . . At first it was harmless and I was going a little up and little down (and playing perfect basic strategy) till suddenly I was down 2k and was like . . Crap, I lost 2k in 30 minutes . . What was going through my head was, man it'll take a lot longer getting that 2k back in poker, I better keep going . . The next thing I knew I was 10k in the hole . . And in due time . . I lost it all on blackjack. Don't ask me how, but I lost 40k playing blackjack on party poker. I'm such an idiot, I never really thought I had a 'blackjack problem' but apprently I do because I couldn’t stop … I was trying to get out of this stupid hole. I haven't been able to get it out of my head, that monye would have done wonders and I'm basically going to be starting from scratch. I've been trying to make myself feel better by telling myself that it was all money that I had won and like it never happened, but I can't get it out of my head. Yes I know, moronic. Either way, blackjack has been removed from party so I don't even have the temptation. But I've been asking myself If I do have some sort of problem. It was never like this before, but I of course didn’t' have instant access to blackjack before either.

Guys, I know a lot of people have already said this but seriously, stay away from blackjack. Erase the image files!

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Man, I so feel your pain. I dumped ten bucks on that thing. Nasty.

I think I lost $100 before I wised up to how unprofitable blackjack is. You must be sick in the head to lose 40k playing that game. Have you ever heard of a successful online blackjack player?
Can I buy your soul for a hundred dollars?

[Colonel Kataffy]

If you're going to blow 40k, please do it at the poker tables.

I feel for you man. I had a similar experiance with about 3k where I would bet $5 each hand and i would double it every time i lost a hand and when i won it I would reset back and bet $5. So if you think about it each time you win after a bad streak of losses overall youve made $5. The big problem with this strategy is the max bet. I was playing BJ on bodog where the max bet is $500 so that gave me 7 losses that i am allowed before the doubleing maxes out. Well obviously this strategy ended badly and I lost my bankroll, but it went even further. This happened about 4 or 5 months ago and i havent been able to win at poker again. I was up that 3k playing $.5-$1 and now I cant get back into winning mode in poker. ive lost about 500 in poker since. Im sure this is all just a mental thing but i now find myself questioning if I am even a winning player.

i definitely feel how you feel. although i didn't lose 40k. i lost my entire bankroll last night at party. i had 2.2k, made it from $300 playing 1-2 and 2-4 for a month. and in one night, i blew it all playing party poker's bj. and its fuked up how u can't get the option to get 'even money' when you hit blackjack and the dealer shows an ace. but yeah, i guess we are learning it the hard way. now that we lost the money, at least don't lose the lesson of no more online bj. i am now going to have to rebuild my bankroll from scratch now..errr...best of luck

Not to be rude.. but the stupidity in this thread is mind blowing.

First, why even play a game in which overtime your SUPPOSED to lose money?

Second, why play with your entire bankroll?

Third, whats the point of playing blackjack online.. and for that many hands.. The whole point of blackjack is the short run.. in the long run, you are GUARENTEED to lose money. How you managed to lose 40k is beyond me with 200 dollar bets.. but you would think after 5k, youd stop, or 10k... or even 20k, when your bankroll is being decimated.

Fourth.. the reason blackjack is fun in a casino is because you go to a casino to lose money but to enjoy yourself. While at the end of a night, you could be up money (and sometimes quite a bit), even if you lost (and lost an amount that your comfortable losing..) you still had fun. Its the atmosphere of the casino that makes it fun.. which is why I can't understand online casinos.. Once you start losing thousands of dollars, and eventually every cent youve made, you are no longer having fun, and your time and money would have been better spent elsewhere...

[Subfallen]

haha awesome post frisky

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I strongly recommend you read up on bankroll management, because without proper knowledge in that area, you are almost guaranteed to fail as a poker player, no matter how strong you are in other aspects of the game. The short version, if you don't want to research it too much yourself, is that you need at the very least 500 big bets if you want to play mid- or high limit online poker.

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Dude just dropped 40k at blackjack --- playing under-rolled is not his problem.

You can play with under 500 BB if you are willing to reload if you bust, as OP appears to be.

Edited for brevity.