Confessions of an Internet Gambler – My Biggest Financial Mistake

In honor of Tough Money Love’s post today on financial mistakes that we bloggers have learned the hard way, I wanted to share with you my biggest mistake.

Six years to the day yesterday I turned 19 (legal age to gamble in Canada).  My father and I took the twenty minute trek to Niagara Falls and we sat down at a blackjack table.   An hour later I was $600 richer and a gambler for life.

College – My Dumb Years

I went to school in Indiana, luckily there were no casinos around and Internet gambling was just becoming a fad.  I would go home on occasion specifically for the casinos.  I will be honest and tell you I came out ahead at live casinos playing blackjack, but along the way I broke some of my own hard and fast rules for not losing my shirt at a casino.  These rules:

  • Don’t ever go to the ATM, bring what I am willing to lose.
  • Don’t chase lost money with bigger bets
  • Don’t overreach (walking into a casino and playing a single blackjack hand for $300, losing, then spending the next four hours trying to get back even, is not advisable)

About the tail end of college I started to play Internet poker.  I had a good year at live casinos so I was willing to have fun with my money.  I am not a poker player, I like action and poker is a slow game.  I probably lost $2000 over the course of a few months before I left Indiana for grad school.

Grad school – My Really Dumb Years

I made some great friends while at grad school and we all loved to hang out and play cards.  Usually we played for small amounts because it was social.  This got my blood pumping for more and I proceeded to start playing online poker about as much as I was studying.  Again, I am not a poker player.  Over the course of two years I lost $6000 took an 8 month break and lost another $4000 when I felt I could come back and control my habit.

I would constantly stress about money, dipping into my savings to pay my gambling bill.  It never became debt, but it was scary.

Employment – My WTF Brian! Years

A friend asked me for my newspaper to check the lines of opening NFL weekend and then placed a call to his bookie in front of me.  I had never bet on football before with any real money, but I know the game and I liked his bet.  I told him to throw $200 extra and I was good for it.  At this time I hadn’t placed a bet in about a year.  I lost that $200 but started to look at football as a way to make some extra cash if I got good at reading the lines.  The next week I placed a few bets and won about $550.

With money flush in my account I was looking at the lines for the following week with excitement to make some money.  But when it’s Tuesday, NFL Sunday seems so far away.  In the corner of my eye I saw the online blackjack tables.  To pass the time I was playing $1 and $2 hands.  Again, I like action.  This eventually turned into $25 hands which turned into three $25 hands at a time.

The blackjack hands at an online casino take about three seconds to play.  A couple mouse clicks and it’s the next hand.  My blood was pumping so fast while playing I would mis-click buttons and lose money.  There were times when I would have three hands of $300 playing at the same time.

This behavior lasted for about three months.  It finally concluded when I placed one large (over $2000) bet on a football game.  It was a smart bet and i won it.  All told, when i called the website this past week they said in that four month period i had deposited over $8500 into their system.  Luckily I had cashed out with almost $11,000.  I really thought I had made more (any surprise their?).

Present Day – The Responsible Years

I have had quite the turnaround in the past year.  My cash flow is out in the open and it’s all from reliable sources (employers).  I haven’t placed a bet since that large bet in early December.  I have made a permanent change for the better.

One of my brothers and i made a commitment to each other that we would not place a single bet this year (table games or football).  I don’t know how he is doing with his end of the deal but I have not made one single bet (even a friendly wager amongst friends).

I also discovered the power of personal finance and the knowledge that one can really win the race with a slow and steady approach.  They may not know it, but several personal finance bloggers have been an inspiration to me and have kept me on a path towards accumulated wealth.  I thank each of them for that.  (Going to have to give thanks in particular to J. Money at Budgets are Sexy.  Without his advice I wouldn’t have written about this topic and maybe one of you wouldn’t have had the opportunity to learn from my mistakes.)

2,338 Responses to Confessions of an Internet Gambler – My Biggest Financial Mistake
  1. education degree
    November 11, 2018 | 11:33 pm

    What i don’t understood is if truth be told how you’re no longer actually much more well-favored than you might be right now. You are so intelligent. You already know thus considerably in terms of this subject, produced me individually imagine it from a lot of varied angles. Its like women and men are not interested unless it is one thing to do with Woman gaga! Your personal stuffs excellent. Always take care of it up!

  2. Home Service Plans
    November 12, 2018 | 12:59 am

    You are a very intelligent individual!

  3. Home Warranty Companies
    November 12, 2018 | 1:38 am

    I will right away seize your rss as I can not find your email subscription hyperlink or newsletter service. Do you have any? Kindly allow me realize so that I may subscribe. Thanks.

  4. Verona Portolese
    November 12, 2018 | 1:51 am

    An attention-grabbing discussion is worth comment. I think that you should write more on this subject, it might not be a taboo topic however usually persons are not sufficient to speak on such topics. To the next. Cheers

  5. Sylvester Ochiai
    November 12, 2018 | 3:11 am

    I would like to point out my love for your generosity supporting persons that should have guidance on in this concept. Your very own dedication to getting the message along was astonishingly functional and has regularly enabled guys and women much like me to achieve their objectives. Your amazing useful guideline denotes so much to me and substantially more to my mates. Best wishes; from everyone of us.

  6. dragon ball rage cheat engine
    November 12, 2018 | 5:05 am

    I would like to thnkx for the efforts you have put in writing this web site. I’m hoping the same high-grade web site post from you in the upcoming also. In fact your creative writing abilities has inspired me to get my own website now. Really the blogging is spreading its wings rapidly. Your write up is a great example of it.

  7. click here
    November 12, 2018 | 5:08 am

    You could certainly see your skills within the work you write. The world hopes for more passionate writers such as you who are not afraid to mention how they believe. At all times go after your heart.

  8. Finance Management
    November 12, 2018 | 5:36 am

    My wife and i have been now more than happy when Raymond could deal with his web research from the precious recommendations he received while using the web site. It’s not at all simplistic to simply find yourself giving for free tricks many others may have been trying to sell. We recognize we have the website owner to be grateful to because of that. The most important illustrations you’ve made, the easy website menu, the relationships your site make it easier to instill – it is many superb, and it’s really making our son in addition to our family know that that situation is enjoyable, and that’s incredibly vital. Many thanks for the whole lot!

  9. Architecture Technology
    November 12, 2018 | 5:37 am

    Wow, superb weblog structure! How lengthy have you been blogging for? you made running a blog look easy. The full look of your website is magnificent, as well as the content!

  10. automaker
    November 12, 2018 | 5:37 am

    You made some good points there. I did a search on the subject and found most people will go along with with your site.

  11. Caridad Kue
    November 12, 2018 | 10:21 am

    I totally understand everything you have stated. Actually, I browsed through your various other articles and I do think that you’re certainly correct. Best wishes with this particular site.

  12. Job and Career
    November 12, 2018 | 10:25 am

    Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you could do with a few pics to drive the message home a little bit, but instead of that, this is fantastic blog. A fantastic read. I will definitely be back.

  13. Lean Belly Breakthrough Reviews
    November 12, 2018 | 12:48 pm

    It as a pity you don at have a donate button! I ad certainly donate

  14. for more info
    November 12, 2018 | 1:22 pm

    We stumbled over here coming from a different web address and thought I may as well check things out. I like what I see so i am just following you. Look forward to looking at your web page repeatedly.

  15. Animal and Pet
    November 12, 2018 | 2:07 pm

    It’s appropriate time to make some plans for the future and it’s time to be happy. I have read this post and if I could I wish to suggest you some interesting things or tips. Maybe you can write next articles referring to this article. I want to read more things about it!

  16. sony vegas pro 15 serial number
    November 12, 2018 | 3:52 pm

    Enjoyed reading through this, very good stuff, thankyou .

  17. Hasilbertapa
    November 12, 2018 | 6:19 pm

    Hey there. I found your blog by the use of Google while searching for a similar topic, your web site got here up. It seems great. I’ve bookmarked it in my google bookmarks to come back then. oday bloggers publish only about gossip and internet stuff and this is actually irritating. A good site with exciting content, that is what I need. Thanks for making this site, and I’ll be visiting again. Do you do newsletters by email? Thank you, muchas gracias

  18. oil vaporizer
    November 12, 2018 | 7:27 pm

    Thank you for creating my private students have access for your webpage post.

  19. Renovation House
    November 12, 2018 | 7:29 pm

    Thank you, I have recently been looking for information approximately this subject for a long time and yours is the best I have discovered till now. However, what concerning the bottom line? Are you positive in regards to the supply?

  20. Homeserve USA Septic Tank
    November 12, 2018 | 10:01 pm

    Great article and straight to the point. I am not sure if this is actually the best place to ask but do you guys have any ideea where to employ some professional writers? Thanks in advance 🙂

  21. House Improvements
    November 12, 2018 | 10:07 pm

    I think other site proprietors should take this website as an model, very clean and wonderful user friendly style and design, let alone the content. You are an expert in this topic!

  22. More Help
    November 12, 2018 | 11:15 pm

    Hello there! I know this is kinda off topic however , I’d figured I’d ask.
    Would you be interested in exchanging links or maybe guest writing
    a blog article or vice-versa? My website covers a lot of
    the same subjects as yours and I feel we could greatly benefit from each other.
    If you are interested feel free to shoot me an e-mail. I look forward to hearing from you!

    Fantastic blog by the way!

  23. health and fitness
    November 12, 2018 | 11:24 pm

    Thanks , I have recently been looking for information about this topic for a while and yours is the greatest I have found out till now. But, what in regards to the bottom line? Are you positive in regards to the source?

  24. kitchen remodel ideas
    November 12, 2018 | 11:29 pm

    Hello there, just became aware of your blog through Google, and found that it’s truly informative. I am gonna watch out for brussels. I will be grateful if you continue this in future. Lots of people will be benefited from your writing. Cheers!

  25. Kitchen Remodel
    November 12, 2018 | 11:35 pm

    Very nice post. I just stumbled upon your weblog and wanted to say that I have really enjoyed browsing your blog posts. After all I’ll be subscribing to your feed and I hope you write again very soon!

  26. Charolette
    November 13, 2018 | 12:48 am

    Every weekend i used to pay a quick visit this web site, for the reason that i want enjoyment,
    for the reason that this this website conations genuinely fastidious funny stuff too.

  27. Home Improvement Contractors
    November 13, 2018 | 3:07 am

    Hello, i think that i saw you visited my web site so i came to “return the favor”.I’m attempting to find things to improve my web site!I suppose its ok to use some of your ideas!!

  28. Home Service Meaning
    November 13, 2018 | 3:52 am

    I have been exploring for a bit for any high quality articles or weblog posts on this sort of house . Exploring in Yahoo I finally stumbled upon this web site. Reading this information So i am satisfied to show that I’ve an incredibly excellent uncanny feeling I found out exactly what I needed. I so much certainly will make certain to don¡¦t put out of your mind this web site and provides it a look regularly.

  29. bobsweep pro review
    November 13, 2018 | 4:10 am

    Usually I don at read post on blogs, however I wish to say that this write-up very compelled me to check out and do so! Your writing taste has been amazed me. Thank you, quite nice article.

  30. bobbyhd.apk
    November 13, 2018 | 6:59 am

    I am not rattling great with English but I get hold this really easygoing to read .

  31. matlab2018 crack
    November 13, 2018 | 10:13 am

    I was looking at some of your articles on this site and I believe this internet site is really instructive! Keep on posting .

  32. Continued
    November 13, 2018 | 12:56 pm

    What’s up colleagues, nice article and good urging commented at this place, I am truly enjoying by these.

  33. try this
    November 13, 2018 | 2:11 pm

    If you would like to get much from this post then you have to apply such techniques to your won blog.

  34. recommended you read
    November 13, 2018 | 9:27 pm

    Way cool! Some extremely valid points! I appreciate you writing this post and also the rest of the site is also really good.

  35. toy blast download
    November 14, 2018 | 12:29 am

    This is awesome!

Trackbacks/Pingbacks
  1. Haroon ur Rasheed columns
  2. unique gift ideas
  3. hiking socks
Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/confessions-of-an-internet-gambler-my-biggest-financial-mistake/trackback/

Confessions of an Internet Gambler – My Biggest Financial Mistake

In honor of Tough Money Love’s post today on financial mistakes that we bloggers have learned the hard way, I wanted to share with you my biggest mistake.

Six years to the day yesterday I turned 19 (legal age to gamble in Canada).  My father and I took the twenty minute trek to Niagara Falls and we sat down at a blackjack table.   An hour later I was $600 richer and a gambler for life.

College – My Dumb Years

I went to school in Indiana, luckily there were no casinos around and Internet gambling was just becoming a fad.  I would go home on occasion specifically for the casinos.  I will be honest and tell you I came out ahead at live casinos playing blackjack, but along the way I broke some of my own hard and fast rules for not losing my shirt at a casino.  These rules:

  • Don’t ever go to the ATM, bring what I am willing to lose.
  • Don’t chase lost money with bigger bets
  • Don’t overreach (walking into a casino and playing a single blackjack hand for $300, losing, then spending the next four hours trying to get back even, is not advisable)

About the tail end of college I started to play Internet poker.  I had a good year at live casinos so I was willing to have fun with my money.  I am not a poker player, I like action and poker is a slow game.  I probably lost $2000 over the course of a few months before I left Indiana for grad school.

Grad school – My Really Dumb Years

I made some great friends while at grad school and we all loved to hang out and play cards.  Usually we played for small amounts because it was social.  This got my blood pumping for more and I proceeded to start playing online poker about as much as I was studying.  Again, I am not a poker player.  Over the course of two years I lost $6000 took an 8 month break and lost another $4000 when I felt I could come back and control my habit.

I would constantly stress about money, dipping into my savings to pay my gambling bill.  It never became debt, but it was scary.

Employment – My WTF Brian! Years

A friend asked me for my newspaper to check the lines of opening NFL weekend and then placed a call to his bookie in front of me.  I had never bet on football before with any real money, but I know the game and I liked his bet.  I told him to throw $200 extra and I was good for it.  At this time I hadn’t placed a bet in about a year.  I lost that $200 but started to look at football as a way to make some extra cash if I got good at reading the lines.  The next week I placed a few bets and won about $550.

With money flush in my account I was looking at the lines for the following week with excitement to make some money.  But when it’s Tuesday, NFL Sunday seems so far away.  In the corner of my eye I saw the online blackjack tables.  To pass the time I was playing $1 and $2 hands.  Again, I like action.  This eventually turned into $25 hands which turned into three $25 hands at a time.

The blackjack hands at an online casino take about three seconds to play.  A couple mouse clicks and it’s the next hand.  My blood was pumping so fast while playing I would mis-click buttons and lose money.  There were times when I would have three hands of $300 playing at the same time.

This behavior lasted for about three months.  It finally concluded when I placed one large (over $2000) bet on a football game.  It was a smart bet and i won it.  All told, when i called the website this past week they said in that four month period i had deposited over $8500 into their system.  Luckily I had cashed out with almost $11,000.  I really thought I had made more (any surprise their?).

Present Day – The Responsible Years

I have had quite the turnaround in the past year.  My cash flow is out in the open and it’s all from reliable sources (employers).  I haven’t placed a bet since that large bet in early December.  I have made a permanent change for the better.

One of my brothers and i made a commitment to each other that we would not place a single bet this year (table games or football).  I don’t know how he is doing with his end of the deal but I have not made one single bet (even a friendly wager amongst friends).

I also discovered the power of personal finance and the knowledge that one can really win the race with a slow and steady approach.  They may not know it, but several personal finance bloggers have been an inspiration to me and have kept me on a path towards accumulated wealth.  I thank each of them for that.  (Going to have to give thanks in particular to J. Money at Budgets are Sexy.  Without his advice I wouldn’t have written about this topic and maybe one of you wouldn’t have had the opportunity to learn from my mistakes.)

2,338 Responses to Confessions of an Internet Gambler – My Biggest Financial Mistake
  1. education degree
    November 11, 2018 | 11:33 pm

    What i don’t understood is if truth be told how you’re no longer actually much more well-favored than you might be right now. You are so intelligent. You already know thus considerably in terms of this subject, produced me individually imagine it from a lot of varied angles. Its like women and men are not interested unless it is one thing to do with Woman gaga! Your personal stuffs excellent. Always take care of it up!

  2. Home Service Plans
    November 12, 2018 | 12:59 am

    You are a very intelligent individual!

  3. Home Warranty Companies
    November 12, 2018 | 1:38 am

    I will right away seize your rss as I can not find your email subscription hyperlink or newsletter service. Do you have any? Kindly allow me realize so that I may subscribe. Thanks.

  4. Verona Portolese
    November 12, 2018 | 1:51 am

    An attention-grabbing discussion is worth comment. I think that you should write more on this subject, it might not be a taboo topic however usually persons are not sufficient to speak on such topics. To the next. Cheers

  5. Sylvester Ochiai
    November 12, 2018 | 3:11 am

    I would like to point out my love for your generosity supporting persons that should have guidance on in this concept. Your very own dedication to getting the message along was astonishingly functional and has regularly enabled guys and women much like me to achieve their objectives. Your amazing useful guideline denotes so much to me and substantially more to my mates. Best wishes; from everyone of us.

  6. dragon ball rage cheat engine
    November 12, 2018 | 5:05 am

    I would like to thnkx for the efforts you have put in writing this web site. I’m hoping the same high-grade web site post from you in the upcoming also. In fact your creative writing abilities has inspired me to get my own website now. Really the blogging is spreading its wings rapidly. Your write up is a great example of it.

  7. click here
    November 12, 2018 | 5:08 am

    You could certainly see your skills within the work you write. The world hopes for more passionate writers such as you who are not afraid to mention how they believe. At all times go after your heart.

  8. Finance Management
    November 12, 2018 | 5:36 am

    My wife and i have been now more than happy when Raymond could deal with his web research from the precious recommendations he received while using the web site. It’s not at all simplistic to simply find yourself giving for free tricks many others may have been trying to sell. We recognize we have the website owner to be grateful to because of that. The most important illustrations you’ve made, the easy website menu, the relationships your site make it easier to instill – it is many superb, and it’s really making our son in addition to our family know that that situation is enjoyable, and that’s incredibly vital. Many thanks for the whole lot!

  9. Architecture Technology
    November 12, 2018 | 5:37 am

    Wow, superb weblog structure! How lengthy have you been blogging for? you made running a blog look easy. The full look of your website is magnificent, as well as the content!

  10. automaker
    November 12, 2018 | 5:37 am

    You made some good points there. I did a search on the subject and found most people will go along with with your site.

  11. Caridad Kue
    November 12, 2018 | 10:21 am

    I totally understand everything you have stated. Actually, I browsed through your various other articles and I do think that you’re certainly correct. Best wishes with this particular site.

  12. Job and Career
    November 12, 2018 | 10:25 am

    Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you could do with a few pics to drive the message home a little bit, but instead of that, this is fantastic blog. A fantastic read. I will definitely be back.

  13. Lean Belly Breakthrough Reviews
    November 12, 2018 | 12:48 pm

    It as a pity you don at have a donate button! I ad certainly donate

  14. for more info
    November 12, 2018 | 1:22 pm

    We stumbled over here coming from a different web address and thought I may as well check things out. I like what I see so i am just following you. Look forward to looking at your web page repeatedly.

  15. Animal and Pet
    November 12, 2018 | 2:07 pm

    It’s appropriate time to make some plans for the future and it’s time to be happy. I have read this post and if I could I wish to suggest you some interesting things or tips. Maybe you can write next articles referring to this article. I want to read more things about it!

  16. sony vegas pro 15 serial number
    November 12, 2018 | 3:52 pm

    Enjoyed reading through this, very good stuff, thankyou .

  17. Hasilbertapa
    November 12, 2018 | 6:19 pm

    Hey there. I found your blog by the use of Google while searching for a similar topic, your web site got here up. It seems great. I’ve bookmarked it in my google bookmarks to come back then. oday bloggers publish only about gossip and internet stuff and this is actually irritating. A good site with exciting content, that is what I need. Thanks for making this site, and I’ll be visiting again. Do you do newsletters by email? Thank you, muchas gracias

  18. oil vaporizer
    November 12, 2018 | 7:27 pm

    Thank you for creating my private students have access for your webpage post.

  19. Renovation House
    November 12, 2018 | 7:29 pm

    Thank you, I have recently been looking for information approximately this subject for a long time and yours is the best I have discovered till now. However, what concerning the bottom line? Are you positive in regards to the supply?

  20. Homeserve USA Septic Tank
    November 12, 2018 | 10:01 pm

    Great article and straight to the point. I am not sure if this is actually the best place to ask but do you guys have any ideea where to employ some professional writers? Thanks in advance 🙂

  21. House Improvements
    November 12, 2018 | 10:07 pm

    I think other site proprietors should take this website as an model, very clean and wonderful user friendly style and design, let alone the content. You are an expert in this topic!

  22. More Help
    November 12, 2018 | 11:15 pm

    Hello there! I know this is kinda off topic however , I’d figured I’d ask.
    Would you be interested in exchanging links or maybe guest writing
    a blog article or vice-versa? My website covers a lot of
    the same subjects as yours and I feel we could greatly benefit from each other.
    If you are interested feel free to shoot me an e-mail. I look forward to hearing from you!

    Fantastic blog by the way!

  23. health and fitness
    November 12, 2018 | 11:24 pm

    Thanks , I have recently been looking for information about this topic for a while and yours is the greatest I have found out till now. But, what in regards to the bottom line? Are you positive in regards to the source?

  24. kitchen remodel ideas
    November 12, 2018 | 11:29 pm

    Hello there, just became aware of your blog through Google, and found that it’s truly informative. I am gonna watch out for brussels. I will be grateful if you continue this in future. Lots of people will be benefited from your writing. Cheers!

  25. Kitchen Remodel
    November 12, 2018 | 11:35 pm

    Very nice post. I just stumbled upon your weblog and wanted to say that I have really enjoyed browsing your blog posts. After all I’ll be subscribing to your feed and I hope you write again very soon!

  26. Charolette
    November 13, 2018 | 12:48 am

    Every weekend i used to pay a quick visit this web site, for the reason that i want enjoyment,
    for the reason that this this website conations genuinely fastidious funny stuff too.

  27. Home Improvement Contractors
    November 13, 2018 | 3:07 am

    Hello, i think that i saw you visited my web site so i came to “return the favor”.I’m attempting to find things to improve my web site!I suppose its ok to use some of your ideas!!

  28. Home Service Meaning
    November 13, 2018 | 3:52 am

    I have been exploring for a bit for any high quality articles or weblog posts on this sort of house . Exploring in Yahoo I finally stumbled upon this web site. Reading this information So i am satisfied to show that I’ve an incredibly excellent uncanny feeling I found out exactly what I needed. I so much certainly will make certain to don¡¦t put out of your mind this web site and provides it a look regularly.

  29. bobsweep pro review
    November 13, 2018 | 4:10 am

    Usually I don at read post on blogs, however I wish to say that this write-up very compelled me to check out and do so! Your writing taste has been amazed me. Thank you, quite nice article.

  30. bobbyhd.apk
    November 13, 2018 | 6:59 am

    I am not rattling great with English but I get hold this really easygoing to read .

  31. matlab2018 crack
    November 13, 2018 | 10:13 am

    I was looking at some of your articles on this site and I believe this internet site is really instructive! Keep on posting .

  32. Continued
    November 13, 2018 | 12:56 pm

    What’s up colleagues, nice article and good urging commented at this place, I am truly enjoying by these.

  33. try this
    November 13, 2018 | 2:11 pm

    If you would like to get much from this post then you have to apply such techniques to your won blog.

  34. recommended you read
    November 13, 2018 | 9:27 pm

    Way cool! Some extremely valid points! I appreciate you writing this post and also the rest of the site is also really good.

  35. toy blast download
    November 14, 2018 | 12:29 am

    This is awesome!

Trackbacks/Pingbacks
  1. Haroon ur Rasheed columns
  2. unique gift ideas
  3. hiking socks
Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/confessions-of-an-internet-gambler-my-biggest-financial-mistake/trackback/