Ah, fvck me

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mugs

Lifer
Apr 29, 2003
48,920
46
91
Originally posted by: MrDingleDangle
i dont even know how this is possible...ive only played at pokerroom.com and there you deposit a certain amount of money and you cant play with any more then you deposit.

how did you deposit more money then you have?

Sounds like he didn't deposit more money than he has, but he's written some checks that will put him well in the hole after they've cleared.
 

JEDI

Lifer
Sep 25, 2001
29,391
2,738
126
bah... i lose and win $1500 daily

fortunately, i win more than i lose. :)

to the OP- why are you playing with $ you cant lose?!
 
Aug 27, 2002
10,043
2
0
Originally posted by: MrDingleDangle
i dont even know how this is possible...ive only played at pokerroom.com and there you deposit a certain amount of money and you cant play with any more then you deposit.

how did you deposit more money then you have?
I'm trying to figure that one out myself.
 

Looney

Lifer
Jun 13, 2000
21,938
5
0
Originally posted by: Xafgoat
And for those of you saying i should play more... i cant deposit any more money. I think they realize my bank acount is toast.

LOL the fact that you didn't realize they were being facetious is SCARY!
 

RaynorWolfcastle

Diamond Member
Feb 8, 2001
8,968
16
81
Originally posted by: Nik
I don't understand how this can happen. :confused: Don't play such high tables! Start at the bottom and work my way up. I've played a couple thousand hands on $12 over at Absolute Poker, playing the .02/.04 tables, learning the ropes. :thumbsup:

Just FYI Nik, the .02/.04 tables teach you absolutely nothing. People call play like total clods and it's very difficult to win because people play every single hand they get so you inevitably end up losing to some dumbass that makes his inside straight on the river with 8/4 offsuit.

You start getting semi-decent play where you learn at about the .50/1 tables.
 

JEDI

Lifer
Sep 25, 2001
29,391
2,738
126
Originally posted by: Xafgoat
Ok its actually worse than you think. I lost it all on blackjack. I win when i play poker. I went and played the 20-40 tables last week and won close to 1600. Then i lost it all in black jack. Plus the 2500 im in the hole. I Kept thinking id win back what i lost. Im fvcking retarded.

blackjack?!

wtf are you doing playing a -EV game?!

since you are a $20/40 player, you know better than that!

wait.. you were playing 20/40 with only a bankroll of $2500?!

ok.. now i call Shens!
 

BudAshes

Lifer
Jul 20, 2003
13,990
3,346
146
Originally posted by: JEDI
Originally posted by: Xafgoat
Ok its actually worse than you think. I lost it all on blackjack. I win when i play poker. I went and played the 20-40 tables last week and won close to 1600. Then i lost it all in black jack. Plus the 2500 im in the hole. I Kept thinking id win back what i lost. Im fvcking retarded.

blackjack?!

wtf are you doing playing a -EV game?!

since you are a $20/40 player, you know better than that!

wait.. you were playing 20/40 with only a bankroll of $2500?!

ok.. now i call Shens!

im not a usual 20/40 player. I just went a little crazy. 5/10 is my game, or 3/6 omaha if im feeling in the mood.
 

Viper GTS

Lifer
Oct 13, 1999
38,107
433
136
Never, ever play a game with a house edge (unless you're casino whoring then it's OK as long as you follow the rules).

Stick with poker if you can win with poker. Play blackjack when and ONLY when casino whoring.

Viper GTS
 

TallBill

Lifer
Apr 29, 2001
46,017
62
91
Wow.. good luck recovering from that one. And I felt weird about spending $13 on a round for magic the gathering online.
 

imported_electron

Senior member
Nov 6, 2005
427
0
0
Originally posted by: Viper GTS
Never, ever play a game with a house edge (unless you're casino whoring then it's OK as long as you follow the rules).

Stick with poker if you can win with poker. Play blackjack when and ONLY when casino whoring.

Viper GTS

What is casino whoring?
 

Viper GTS

Lifer
Oct 13, 1999
38,107
433
136
Originally posted by: electron
Originally posted by: Viper GTS
Never, ever play a game with a house edge (unless you're casino whoring then it's OK as long as you follow the rules).

Stick with poker if you can win with poker. Play blackjack when and ONLY when casino whoring.

Viper GTS

What is casino whoring?

Basically it works something like this:

1) You deposit money (say $100)
2) They "give" you $100
3) You meet the wagering requirements (say $1000) to clear the money they gave you
4) You walk away with whatever you have left

The math goes something like this:

$100 + $100 = $200 account balance
$1000 wagering requirement * house edge (something like 0.5% for perfect strategy blackjack) = $5 that you expect to lose

You walk away with $200 - $5 = $195

Now the really profitable way is to play really small bets (to minimize variance) until you're close to your wagering requirements... Say play $1 a game for 900 hands, at which point (in theory) y ou'll expect to have roughly $196 of your money left. Then you switch to large bets (say $25/hand) to finish off the remaining $100 of wagering requirements. The goal is to profit from the times variance swings your way, & lose (essentially) nothing when it doesn't. Sometimes you'll lose the $100 they gave you in four $25 bets & walk away with a net loss of a few dollars, but other times you'll end up WAY up.

Done properly it can be VERY profitable, & it can even be taken a step further & played for either bust out (a loss of $400 of your money) or a huge cashout. Depending on the specific game being played & the amount of bonus they give you it works out something like 3 times out of 4 you'll lose all your money, but 1 time out of 4 you'll end up with enough to cover your three losses + quite a bit more.

Look around the web for more info, there are specific formulas to figure out what your target cashout is, the ideal bet size to use, your risk of ruin, etc. The math does support it, but it is very high variance - You might lose 10 deposits in a row.

Viper GTS