Post your worst 'double up to get even' fiascos

KSOT · #1 11-15-2005, 07:45 AM

Please share them with me, if you were ever dumb enough to attempt it. It'll make me feel a lot better.

I know the whole Martingale thing is a high risk sham but I kept pulling it off when I was stuck big in online blackjack. I even had numerous trips to the casino where I'd have a bad night of poker and make it all back with a few spins on the roulette wheel. So basically I got way too confident, foolishly carried more money than I was willing to lose, went on blackjack tilt and failed to double up like 5 times in a row. Net loss - $600. Not much to most of you I'm sure, but it was quite substantial for me. More than I've ever won or loss at any casino in a night.

Did you learn your lesson after you saw Martingale's strategy crumble before your eyes? I hope I do.

Sabrazack · #2 11-15-2005, 09:33 AM

"...Martingale's strategy.."

Yeah, thats one damn fine strategy you have. Too bad it didn't work out for you.

Sorry, but i have nothing but disrespect for people who play obviously -Ev games. Please don't.

StevieG · #3 11-15-2005, 10:58 AM

Plenty of people can play with -EV and enjoy it for any number of reasons (socializing, chance thrills, challenge of competition). Since they provide your +EV, you may want to change your approach from pure disrespect to at least some recognition of their legitimate goals.

TakeMeToTheRiver · #4 11-15-2005, 11:05 AM

[ QUOTE ]
Sorry, but i have nothing but disrespect for people who play obviously -Ev games. Please don't.

[/ QUOTE ]

The casino industry -- and therefore live poker -- needs the -EV games to survive.

And craps is a lot of fun (especially when drinking). [img]/images/graemlins/smirk.gif[/img]

coffeecrazy1 · #5 11-15-2005, 11:43 AM

Strangely, if I've been running bad at poker, it is almost soothing to play a game that I KNOW is -EV, instead of one that is SUPPOSED to be +EV.

Especially since, I've had a couple of times when the only place I could win was on blackjack or pai gow poker. [img]/images/graemlins/tongue.gif[/img]

callydrias · #6 11-15-2005, 12:52 PM

[ QUOTE ]
Sorry, but i have nothing but disrespect for people who play obviously -Ev games. Please don't.

[/ QUOTE ]

By your reasoning, you should never, for example, go to the movies because it's a -EV activity. Sure, table games have negative financial expected value, but can have a positive utility EV for an individual. (In economics, utility is a measure of the happiness or satisfaction gained from a good or service.)

And on that note, I'm going to go catch a flick and spend the evening at the craps table.

#7 11-15-2005, 02:17 PM

There was this one time where I was down about 250 playing blackjack. I had a 100 chip and what I thought was a five dollar chip (very drunk at the time). I put down the hundred on black and the $5 on 24. What I didnt realize til after they said no more bets was that the $5 chip was actually a $500 chip. When 24 came up I totally lost it. and then I woke up.

Bulbarainey · #8 11-15-2005, 06:42 PM

$3 craps at the El Cortez becomes +EV with all the free drinks!

TripleH68 · #9 11-15-2005, 07:10 PM

I studied a betting regression system while in college in the '80s. A buddy of mine and I put in $250 a piece(this was a lot of money then) and went into Resorts in Atlantic City for some craps!

After several hours of chipping away we were up close to $150. Never saw more than four in a row on either side - pass/don't pass. Then we head over to the Trop.

Lady goes on a tear making pass after pass after pass. We are on the don't. $5. $12. $24. $56. $78. $96. $125. Now we are at the point where you bet the rest of your bankroll. And my heart is pounding. The table is having a great time and starting to glare at me.

I place whatever is left (about $250) on the don't and the lady throws 12. Push! She then rolls six. Four throws later she sevens out. The dealer puts a marker on my stack and proceeds to collect a tremendous amount of money from the table. Only after all is collected and stacked do they count out my bet and pay. This was hilarious. [img]/images/graemlins/grin.gif[/img]

Next roll I drop back to $100 on the don't and the next lady throws a 3. I took the money and we quit up $100.

Phew.

coffeecrazy1 · #10 11-15-2005, 07:14 PM

Betting the don'ts is always good for evil fun. The best was when 6 friends and I went to a casino and commandeered one end of the tub...all betting the don'ts.

We were cheering the crap-outs, high-fiving on seven-outs, and chanting, "suck...suck...suck...suck" everytime one of us would shoot. [img]/images/graemlins/grin.gif[/img]