How to overcome guilt from losing money by gambling?

Question

I'm just a "low roller" but it really bugged me to lose $40 so quickly at a Blackjack table last week. I had been to a casino before but it was a slots-only casino in PA. I lost a grand total of between $50 and $60 combined through all three of those trips but didn't feel too bad about it since I was able to play for hours and it was fun. Last week I went to a casino which has table games and after practicing Blackjack by myself at home and feeling confident about it, I went up to the $5 table and lost five straight hands and $25, my limit, and left the table after ten minutes of losing feeling like I had made a fool of myself.

A couple hours (and 5-cent slots) later I convinced myself to go back and changed ten more dollars (the last money I brought). I was able to get up to $40 in BJ winnings but stupidly kept playing and ended up losing it all. I felt and continue to feel so badly about it and don't know why I didn't step away when I was up. How do you rationalize losing?

Answer 1

Casinos aren't where to get BIG money.  Sports betting is.  I use a system that guarantees I win 97% of my bets.

http://johnmorrisonsystem.wordpress.com

Answer 2

Before gambling I ask myself if I'll feel comftorable losing money.

Answer 3

How could you possibly feel bad, your the best kind of gambler there is, one that isnt stupid and accepts defeat when it happens.  For starters, when you gamble, you HAVE to accept the possibility of losing, i mean you go to gamble for the excitement of winning or losing, and you certainly cant cry about it when you lose.

Gambling is also very streaky in many games, while on average you are expectign to lose say 25 cents per hand of blackjack, that is not how it plays out for each hand, you eiteh rwin or lose that particular hand and you more often than not fall very far from where your expected loss shoudl be weather it be above it or below it.

when playing a single shoe at a blackjack table 95 percent of the time you will win or lose 0-25 more hands than you lost or won respectfully, and that nuber is accurate not just somethign i pulled out of my ***.

What happened to you is not very uncommon at all, your just not used to it yet.

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About the money part, it entertainment, youve probibly spent more money than that on clothes, movies and driving your kids to and from school this week.  50 bucks is a very tiny amount of money.

To give you some encouragement, i am a professional at the blackjack tables and i employ the most extreme of tactics in gaining a winning edge at them, i have lost THOUSANDS of dollars in minutes, which for me over you is somewhat harder to accept since i know i am expectign to win money, but my mind has learned to cope with it even with extremely large losses (in one case -7300$ in 45 minutes) and so can yours. life goes on though and it will not kill you.  Its only money, not the very blood leakign from your veins.

I personally beleive that my ability to cope with these kind of hardships, has improved my life for the better, since i spend less time stressed out and worried when, "speed bumps" occur in my life.

Answer 4

you got greedy and didnt quit when you were ahead, if u cant handle loosing money then u shouldnt go gambling

Answer 5

As long as you aren't losing more than you can afford, then treat it as entertainment.  But, it sounds like you have a great respect for money, and you should never lose that.  As long as you don't try to chase losses by gambling more, then you should be fine.

Answer 6

Make up your mind exactly how much you are going to spend, and only bring that much to the casino, and that way you won't ever go over your budget.  Of course you don't want to set the thing high enough to produce regret later.  When you run out, time to go.  If you're feeling guilty that suggests you enjoy the stuff quite a bit but get a figure that you're going to still feel good about if you lose and then you will.

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