Joined: Mar '11
Location: United Kingdom
Age: 55 (M)
Posts: 7371
This sums up the highs and lows of gambling. You are correct in saying that you should never chase your losses but when you are losing, it is very difficult to walk away. Better luck next time
Joined: May '08
Location: Germany
Age: 59 (M)
Posts: 6786
Slots are evil. The combination of a high house edge with high variance and high game speed can wipe out a bankroll in no time. Yes, there can be nice wins in between, but in the long run they will eat you alive. And martingaling doesn't rescue one every time.
Joined: Mar '12
Location: United Kingdom
Age: 45 (F)
Posts: 2261
I think anyone who tries to use slots as way to consistently make money is always going to lose in the long run.Casinos love slots and never lose money on them. I am pretty sure this blogger has posted results from poker,especially Omaha,where he has done well so I don't really understand why he continues to play slots.I was going to say it's his money so carry on if you enjoy them but from the sound of it the fun of slots had gone on this occasion!!
GAMBLERS ANONYMOUS is a fellowship of men and women who share their experience, strength and hope with each other that they may solve their common problem and help others to recover from a gambling problem.
The only requirement for membership is a desire to stop gambling. There are no dues or fees for Gamblers Anonymous membership; we are self-supporting through our own contributions. Gamblers Anonymous is not allied with any sect, denomination, politics, organization or institution; does not wish to engage in any controversy; neither endorses nor opposes any cause. Our primary purpose is to stop gambling and to help other compulsive gamblers do the same.
Most of us have been unwilling to admit we were real problem gamblers. No one likes to think they are different from their fellows. Therefore, it is not surprising that our gambling careers have been characterized by countless vain attempts to prove we could gamble like other people. The idea that somehow, some day, we will control our gambling is the great obsession of every compulsive gambler. The persistence of this illusion is astonishing. Many pursue it into the gates of prison, insanity or death.
We learned we had to concede fully to our innermost selves that we are compulsive gamblers. This is the first step in our recovery. With reference to gambling, the delusion that we are like other people, or presently may be, has to be smashed. We have lost the ability to control our gambling. We know that no real compulsive gambler ever regains control. All of us felt at times we were regaining control, but such intervals - usually brief -were inevitably followed by still less control,which led in time to pitiful and incomprehensible demoralization. We are convinced that gamblers of our type are in the grip of a progressive illness. Over any considerable period of time we get worse, never better. Therefore, in order to lead normal happy lives, we try to practice to the best of our ability, certain principles in our daily affairs.
