Degen Stories....
anyone care to post some of their biggest degen stories?
I have a few i'd like to share but i want others to go first 
I havent post on here in a while, just want to let you guys know i just lost almost 200K in gambling in a couple of days.
Will make a comeback thread soon if anyone is interested.
Are you firing directly on Bookmaker or on a skin that hosts it like ACR or something?? Do you get any lossback and any deposit bonus?? I had a sick setup with 20% lossback and 25% crypto deposit bonus firing on a bookmaker skin but they banned the account. Best deal I'll ever see I think
I posted this elsewhere and thought I might share it here. I've lost my last 500USD and feel the itch to fkn gamble.
Story:
After years of playing poker and making some little money my brother decided to stake me and gave me a roll of 2k (he's been a winning reg on PS for years), the deal was simple: grind, win $$ and when you have your own bankroll you return me the money.
I have to add some context by saying I don't have a stable job so what could be pennies for some of you is significant money for me.
I get the 2k and start playing NL50 on PS as previously agreed with my bro: after two weeks I'm exactly 305$ up and decide to play the 5$ in the casino for the lols. I open a slot game called "cashzuma" and proceed to turn the 5$ into 300$~... i got the free spins a few times and win big (I was playing .40c a spin). I thought to myself: I'm winning, what if I keep playing only with the money I've just won? Great idea.
I honestly never gave too much attention to pit games (idk how to play bj or baccarat) so I opened the live roulette lobby... and here it begins... oh boy
Roulette story: I began by betting small on numbers around the zero, idk why. At first I was losing and got down to to 150$ (from the 300$ I'd won at cashzuma) after betting on random numbers I go up to 900$, it felt like I couldn't lose. As I said before this was a lot of money to me, but I couldn't stop; I told myself "if I go down to 500$ I'll stop" I eventually get down to 500$ (the poker roll is still safe) and I'm leaning towards the monkey tilt part of the gambler spectrum. I bet 100$ on 5 numbers thinking okay it was a hell of a ride for 5$, BOOOM 26 BLACK BABY THERE WE ARRE BACK 3600$ AT THIS POINT I HAD ENOUGH TO RETURN THE 2000$ MY BROTHER GAVE ME AND GRIND NL50 BUT HEY I COULDN'T LOSE. Let me breathe for a second I just got flashbacks of what happened next.
So I have 2300$ -the poker roll- and 3600$ and it all started with 5$, but honestly I don't know if I could have stopped had I lost the 5$ so who cares.
I was so ****ing happy that at some point felt worried thinking about the old phrase "once you hit a big win you become addicted to it". I decided to take my roll seriously and did the following: 3600+2300 = 5500$ for poker and 400$ to f**k around at the roulette. Same story again I ****ING COULDN'T LOSE IT FELT SURREAL, I REMEMBER THINKING "THEY MAY THINK I'M CHEATING BECAUSE HOW TF YOU RUN THAT GOOD" obviously I was used to the swings of poker but roulette was a different beast. I reach 10k~ total, that's my liferoll I should stop now, well I did, that night. Head to bed and fell asleep.
The downfall: the night next I log in and my balance was 10400$~ WHY DIDN'T I ****ING BUMHUNT OR SOMERHING WHY THE F DID I NEED TO CONVINCE MYSELF THAT ID FKNIN BET 400 AND THATD BE IT. I open cashzuma and play for 2$ a spin chasing dem sweet free spins. -200$. Okay let's go back to live roulette 200$ on odd, ball hits red 36.
Standard, I'm actually laughing until I got the urge to continue. I bet 1k on third column, down to 9k I repeat similar EV+ moves until I'm down to 5k.
I learned then how it feels to have lost when you're still up. I bet 2000$ on 0 and it's four neighbors. Balls lands on 32 red YEAH BABY OMG I CAN'T FKN BELIEVE it and while I'm doing the math I realize I placed a bet on all the numbers but forgot 32 **** **** **** **** **** **** **** **** **** **** ****.
I PROCEED TO GRAB MY SCREEN AND PUNCH IT SEVERAL TIMES UNTIL IT GOES BLACK, I ALSO KICK MY COMPUTER AND SHOUT LIKE AN AUTISTIC MOTHAF** THE SOUND WAS FKNNN WEIRD my cat leaves the room running WHY DIDNT I FKN STOP.
I proceed to take some xannies and fell asleep after repeating 100000000 times "it doesn't matter with how much you started but what's the net, and the net since my brother gave me the 2k is +1k" The next day I woke up with a headache and thirsty, I tell my brother what happened and ask him if I can keep the 1k, he says yes. I withdraw 500$ buy a new screen give him the 2k back and leave 500$ in my account. Disgusting. Sorry for the long text but I felt like I needed to share this, **** **** ***.
I feel devastated, jobless and I know after this there's not a single chance I can grind at the poker tables.
-got 2k to play NL50
-gambled it up to 10400
-lost everything but 3k
I posted my own most vile gambling bender here a few years ago. I showed it recently to a friend. Today he asked me to post on here his own recent experience which I copy and paste below. He is interested in feedback……
So, where do I start on this one… Let me set the mood… I’ve been gambling since the age of 18 and have been through it all, gambled since I could and been through all the ups and downs possible, done my salary before it’s landed, taken loans out to gamble, the lot. You’d say I’d be old at this point but I’m a 30 year old self made millionaire thanks to taking a 4 year break and grinding my ass off in multiple business ventures. However, at the age of 28 I said, **** it I fancy gambling again. The last 2 years I have been up and down, I’ve experienced a 90k upswing from poker one year and a 30k loss on the second. Not the worst, however - this is where the story begins. In the last 2 months I went from having 100k liquid to around 10k liquid. I’m on a massive 90k downswing in just two months - but guess what, it wasn’t on poker, it was in a digustinging cursed devil game called
Roulette.
I’ve only had the urge to share this because I’ve promised myself I’m done with this bullshit game. So… two nights ago I was at home with my beautiful wife and two daughters, just chilling on the sofa at around 10pm until I get a call from my friends asking me to come out to the casino. As a degenerate gambler, gambling almost everyday for the last 2 years my customary was a snap YES I’m On my way! Leaving behind my wife and kids so late (I’m normally out from 8pm so 10pm is not usual) I already had a weird feeling about the night.
I get to the casino in park lane and I meet my friends, we have a nice dinner expenses by the casino cause we’ve done our balls, holding our ace member cards with free drinks and dinners.
I start that night with a £1k bullet which I manage to spin up to £3k - my friend now asks me for some cash and I want to lock up my win, so I give him my winnings and my original 1k and an addition 2k I had on me, he locks up £5k when I walked in with £3k and I’m feeling great, quick night 30 mins in and out I was done for the night.. so I thought. My mate did the money in a heartbeat and I said to myself that’s upsetting he’s lost but now I have no access to the cash and I’ve locked up a £2k win.
About 30 minutes pass and my other friend now says do you want to go halves on £1k so £500 each… I wasn’t reluctant at all, my head instantly said nice even if I lose I win 1.5k… no that didn’t happen. We lost and went again, we lost, I’m down to ‘only £1k profit now’.
Like the ****ing degen **** I am this felt like a loss, I asked my mate for £1k and also did that in one spin. Now break even my mind couldn’t comprehend that I’m not actually down.
But… I’m a degenerate sick minded gambler so what do I do next? I take £2k off my mate and do it in around 20 minutes, couldn’t hit a single spin and now I’m tilted and chasing. I’ve told myself before don’t chase it’s bad, but my mind wasn’t in my head at this point. I snap say £2k more. He lends me the money and now decides he wants to spin for me so the luck changes, I’ve seen him spin it up before and I trust his ‘strategy’ so I say go ahead bro let’s do this. I’ve heard of people staking for poker, but who the **** stakes people in roulette wtf was I thinking.
Anyways, he manages to dust off this £2k in a way longer time than I did, 1 hour 30 minutes. Now down £4k after being £2k up. I’m super fuming, he lets me know he has another 2.5k on him and I instantly say yes let me go for it. The story doesn’t change, I miss every spin £500 bullets at a time and gg there goes 6.5k, at this point he says he doesn’t have more and I’m some what relieved I can’t get deeper in the hole, however, out pops out another friend of mine who has spun up his £200 into 2.5k and I ask him reluctantly ‘bro that’s nice, do you want to lend me it until tomorrow’ feeling sick with myself. Now I’m in for 9k after being up 2k I’m steaming. This. £9k was pretty much all the liquid I had, sure more money coming in end of the month but to absolutely dust it off would make me fuming.
We do a few spins, hitting the first winning 700 and hitting the second winning 2000 now I’m only down around 5k. I see the light at the end of the tunnel, I’m used to spinning out of it, I get the feeling this is the moment. Nope. 8 bad spins later I’m back down to £0 owning chunks to 2 friends.
What went from a profitable, nice dinner nice vibe night became a depressing, 9k loss knowing I’m going back to my family with a smile on my face masking the hidden depression.
I swore this would be the last time I play table games. I can handle the swings in poker but the tilt of a spinning ball dictating future life decisions just makes me sick.
https://www.reddit.com/r/wallstreetbets/...
I've held this in long enough. The shame, guilt, lies. Pretending to be cool and knowing what the **** I'm talking about. I've been holding this in for years. I've cried and cried and cried. I'm fed up with my bitch behavior. It's time to ****ing take things into my own hands and change. I'm not stopping, I'm going to gain this all back the slow, and right way. Here's my story.
In 2019 I learned about the stock market. Like a responsible retail investor, I created baskets and diversified my equity investments.
In 2020, I learned about options.
My first gamble was a meme stock I found on WSB that rhymes with Ped Pad Peyon. That was the start of my entire $1M loss and life downfall.
It felt so good to see those big spikes in gains.
But it also felt like the end of the world when it all went to $0.
For some reason, I always came back. I tasted the forbidden fruit, and was addicted.
Fast forward two years, I needed a source for more trading capital - I sold my house and car, maxed out credit cards, borrowed from the bank, and lenders. I lied to family/friends to get money, and worked odd jobs that were shameful.
My wife who I'd been with for 12 years left me, we didn't sign a prenup so there was that whole process...then she took custody of the kids.
Sure, I lost $1,030,220.81. But the worst part of it all, is I lost loved ones, every friend in my life, and every single asset I owned. I cried like a ****ing bitch for days on end, slept on benches, backyards, and under bridges.
I managed to save up some money, and am now living on my own, in a one-bedroom apartment.
I know it I can do this. I know I can make it all back. I've heard stories and seen people do it. I understand all the technical analysis, indicators, price action, gamma exposure, OI, risk-free interest, blah blah ****ing blah. I know it all. What made me lose it all wasn't my understanding of the markets, it was my ego, my greed, and lack of discipline. My psyche.
I've spent the last 2 yrs dedicating myself to mastering every technical aspect of the market. I've met 10 figure retail investors, hedgefund managers, and everyone in between. Really dedicated myself to learning the markets. Most importantly, I've made good progress mastering my emotions. I've even gone on months without masturbating. I needed to model a stimulus that was just as rewarding as gambling.
I'm here to show that I can gradually get out of this hell-hole.
I've managed to trade back up to $25k, and in the last week I made $14k (options + futures). I will get back to $1M. I'm just here to prove to the world and myself that this isn't over.
Is it the most hedged / low risk decision? **** no. The degen surely lives on inside me. But I've tamed it. I guess if you're looking for entertainment, or a person to root for, you can find me on X. Username is lost1million. I'll try to give periodic updates here as well.
This is pretty much it for me. Here we go.
cutting out masturbation is incredible for productivity and drive
rather have no drive
Dusts off a mill gambling on options "Man I really gotta stop cranking my hog"
DraftKings sued after father-of-two gambles away $1 million of his family’s money
Exclusive: He plundered his wife’s bank accounts and maxed out her credit cards, and stole his kids’ Christmas money and baptism gifts, according to a newly filed lawsuit.
So a father -problem gambler- of two was introduced to a "VIP group" by DraftKings where they fostered his addiction?
Can someone read the article? I think they have a chance.
It totally seems like the agents were completely aware of his tendencies and were doing everything they could to make his addiction even bigger, part of what they did involved daily interactions; they were quite aware of him losing money beyond his means.
What do you guys think?
Interesting extract:
“To be clear, this suit does not allege liability on the basis that Defendants passively permitted a problem gambler to use its gambling platform,” the complaint argues. “Rather, this suit alleges violation of New Jersey statutory and common law because Defendants actively participated in the addiction of Mdallo1990 by targeting him with incentives, bonuses, and other gifts to create, nurture, expedite, and/or exacerbate his addiction.”
if only he stopped masturbating
Not poker related but sports bet related... Putting $1500 on New York Jets TT over 17.5 points, they got 17 points first half and 0 second half so I lost. This was 10 years ago Never recovered.
Not poker related but sports bet related... Putting $1500 on New York Jets TT over 17.5 points, they got 17 points first half and 0 second half so I lost. This was 10 years ago Never recovered.
bruh 10 years and you haven't recovered from a $1500 loss? What happened did you get demoted at the muffin factory?
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Degen for my husband. He's playing in an online 1/2 NLHE game with a bunch of degens willing to gamble. He runs his stack up to $21, 000 (in for $500). I tell him to quit (it's late, anyway) and I go to bed. Sure enough, when I wake up he's down a few thousand. Idiot.
