Put myself into debt because of online poker

[maurile]

[ QUOTE ]
Do people consider gambling companies to be gamblers?

[/ QUOTE ]
Exactly what I was going to ask. Is Harrahs gambling when it deals a hand of blackjack? When it deals a billion hands?

The whole argument is kind of silly because "gambling" doesn't have any single precise definition that is indisputably better than any other definition. You can consider poker to be gambling or not, depending on how you define "gambling," and depending on context.

In any event, for any player with -EV, poker is definitely gambling; and anybody who has a problem quitting poker because he likes the action does have a gambling problem.

[maurile]

[ QUOTE ]
IF you play Roulette, you know that you will lose over the long run... that is inevitable. Yet almost anyone would state that playing roulette is a form or gambling.

[/ QUOTE ]
People who play roulette do so because of the variance. They dig the action. That is gambling.

When the house plays roulette, it does so despite the variance (and because of the EV). I would say that when the house is playing roulette, it is not really gambling.

But words, shmurds. It doesn't really matter whether you call something gambling or not. A rose by any other name . . .

[GoSox]

That does suck. After losing the first few thou didn't it dawn on you that you have a problem ? Please seek help, and good luck !!

[Tboner7]

[ QUOTE ]
Yes...I definitely consider casinos to be 'gambling' with their money.
A well run organization will have enough capital to withstand the fluctuations and will control the situation as much as reasonably possible.


For example, I worked at a low-roller casino for a few months.
There was a stumbling drunk betting monsterously large for our place. Incredibly drunk and stupid...bizarrely so in fact.

Anyway, he was hanging out at the roulette table and kept wanting to put 2 or 3 purple chips on whatever his favorite number was. At 36-to-1 that's a $36k payoff if the casino accepted his $1k bet. But I think the max bet is $50 or $100 or something...so on EVERY spin he would push his purple chips out there...and on EVERY spin the dealer would push them back and say 'no bet' and the floor would explain to him that he wasn't allowed to bet that high on roulette.


Even though the casino is getting the best of it and it's +EV it was more than the casino was willing to gamble (they could have accepted the bets if they wanted).

if he hits just a few times it is really damaging to the bottom-line.
so the casino decided 'nope, this GAMBLE is not in our best interest.'

[/ QUOTE ]

They put a limit on how much you can bet on roulette because you CAN win at roulette. BUT only IF the maximum limit is high enough and the low limit is low enough.

[bgtas]

I am 26 years old and i have bet on sports in the past and i have gone to casinos. Vegas 3 times, foxwoods mohegun sun, a.c.

[nongice626]

[ QUOTE ]
hello everyone just wanted to say that i put myself in a little bit of a debt because of online poker around $5000. I really can't be doing this anymore. My life is upside down because of this. I started playing around a year ago. I dont know what to do anymore. all i think about is poker but I know i have to stop thinking about poker. any suggestions on how to stop thinking about poker???

[/ QUOTE ]

try crack. i hear good things.

or learn to make money. pay back the 5K and continue moderately.

[nongice626]

[ QUOTE ]
A single poker hand is gambling.
A billion poker hands is not.

What screen resolution do I need for that?

Lori

[/ QUOTE ]

i remember you.

bitch.

[Reef]

[ QUOTE ]
Step down in limits.

[/ QUOTE ]

no. he needs to stop playing period- there is obviously a gambling/addiction/losing problem.

[imported_stealthcow]

good for you to post your losses/ your problem and questions

that is by far the hardest and most important thing you have done.

i dont really know at what stage/ what your feelings are at.

if you want to play, i'd admit defeat and start from the bottom up. consider the 5k an investment in a stock or whatnot that didn't pay off. maybe things dind't pan out (you never really mentioend what limits/games you were playing- a loss of 5k at 3/6 or 20/40 obviously means a big differencee).

buy a book like lee jones guide to low limit hold'em, buy poker tracker and rock at the .50/1 tables. make it a hobby, as i think poker can make you a better person if you learn to live with teh good and bad that it brings. if you really applied yourself at the hobby (much like someone does for any other) you will find your weaknesses, find your strengths and ultimately succeed. (this is why i love poker)

if you want to get away from poker, good luck and good for you. as many have pointed out, there is a lot to lose by not seeing your mistakes and moving from them. you've found your weakness and now all is left is for you to decide if you can handle it yourself, or if you need somoene else.

in any case

best wishes

stealthcow-

[fearme]

he played to high for his bankroll,