Heard some guy won 100k and lost everything

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loomis311

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  • #51
A lot of times it is just a downward spiral that gets out of control. You start to lose a little and feel that your luck will come back. Then you start to try to just come back to where you started. Then you kind of get an emotional numbness realizing how much you lost and just to continue to play in disbelief.

I have a friend that when he started winning he would keep going up in stakes and win thousands in a night. But then his hot streak would end and he would always lose it back within a week. In poker, learning to have discipline is very important.
 
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Cooking

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  • #52
Not surprised me, but lose everything in the next day is very weird, even for a freeroller. $100k is a lot of money to lose this way, I would definitely cash out at least 1/2 of this before starting playing again.
 
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jimmylytle2

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  • #53
$148K, wow is that a lot of chips.
 
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AcesUp747

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  • #54
This stuff happens all the time. I was around Stars for 5 years before BF, and at least once a year, some top 3 Million finisher would spew his entire payday in a few days at nosebleeds.
 
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hrix

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  • #55
Crazy dude, I hope everything is OK with him now
 
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RickH1983

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  • #56
loomis311 said:
A lot of times it is just a downward spiral that gets out of control. You start to lose a little and feel that your luck will come back. Then you start to try to just come back to where you started. Then you kind of get an emotional numbness realizing how much you lost and just to continue to play in disbelief.

I have a friend that when he started winning he would keep going up in stakes and win thousands in a night. But then his hot streak would end and he would always lose it back within a week. In poker, learning to have discipline is very important.
I did that when I started. I blew 5k a couple times in 2 days. 148k is a whole different story. When you can purchase multiple vehicles or a decent home you would think people would cash something out not think that they are a poker god and blow it all. After losing the first 10 or 20k you got to think to yourself I need to stop playing.
 
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ak725

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  • #57
you win over 100k with ticket entry. great good player.
but..... he had money, a lot of it and instead of playing tournements he become greedy and play 5k cash.
greed is not good in poker. it will destroy you.
 
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pokerclann1

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  • #58
17AXA didnt he blow it all playing 5k hypers im sure it was looking at his graph.
 
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pokerclann1

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  • #59
Poker Orifice said:
Of course there's lots of regs. who go deep in Sun.Mill too. But of the bigger buyin tourneys online the SunMill. attracts alot of recreational donks, has alot of satellites & is a fairly fast-structured tourney compared to others (effective stacks are not deep in the SunMill in later levels).
100% agree, sm is like a turbo really, but is def the softest of the high stake majors on stars.
 
n3rv

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  • #60
When you really think about it, the likes of Stu Unger lost everything to his vices so it isn't that surprising. Nowadays that would be the equivalent of a player of Ivey's capability losing everything.
 
zveri666

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  • #61
now i feel way better about losing 500$ by playing way out of my bankroll
 
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alexb87

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  • #62
wow completely sick.. my guess is he sat down at a table and lost some money and went on tilt and from there he felt like he couldn't stop he just had to make the money back... gosh crazy crazy
 
S3mper

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  • #63
I actually heard about this guy but did not know he lost it all, This seems to me like a gambling addict.

the poor get/stay poor not because were idiots but because we are idiots with money the rich get richer not because they are so much smarter then everyone (some times they are) but because they are good with money this guy clearly isn't good with money
 
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nab76

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  • #64
zveri666 said:
now i feel way better about losing 500$ by playing way out of my bankroll

ya dont feel bad we have all done it
 
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pokerclann1

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  • #65
bernotas22 said:
uhm......poker players are gamblers if they weren't it would be a game of chess, poker has luck if you did not know and it is a form of gambling
Had to log in to comment on this, youre comment is so vague, obv theres luck in poker but theres ways round the luck and if you treat poker like a buisness and are a competent player who grinds high volume to reduce variance then gambling plays no part in it, are you that stuck in your ways that you cant comprehend this or do you not know anything about poker and just assuming.
 
dmorris68

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  • #66
bernotas22 said:
uhm......poker players are gamblers if they weren't it would be a game of chess, poker has luck if you did not know and it is a form of gambling

Yeah I avoided commenting on this earlier, but now that it's bumped back up, I will.

There isn't a poker player alive that doesn't understand that chance (luck) is a factor in poker. How much of a factor, however, depends in you and your skill level. The problem is that the vast majority of poker players are bad, losing players who leave far more to chance than to skill.

On the spectrum of wagering games, with total chance at one end and total skill at the other, poker is one that moves way more towards the skill side than the chance side. While some (bad) players treat it like any other gambling game, good players will never look at poker as "gambling." In fact many find the categorization of poker as gambling an offensive one.

Poker certainly has aspects of chance, but so does virtually every other activity we do on a daily basis. Take driving for instance. Imagine an experiment where someone who has never driven is compared with someone who has driven for 20 years. Put them both in a car and have them navigate a high-traffic route to the same destination. There is certainly a "chance" that the experienced drive has an accident and the first-time driver arrives unscathed... but the odds are pretty heavily against that. Now take 100000 of each type of driver and compare the results. Skill will very quick materialize as the chief attribute behind the long term and hopefully obvious results.

With skill, the affects of chance and variance in poker can be reduced such that results will always heavily favor skill over chance, to a degree unlike almost any other wagering game. Because poker is played against other players, not against the house with a predetermined edge. Hence the distinction that poker is a skill game rather than a "gambling" game.
 
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bernotas22

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  • #67
pokerclann1 said:
Had to log in to comment on this, youre comment is so vague, obv theres luck in poker but theres ways round the luck and if you treat poker like a buisness and are a competent player who grinds high volume to reduce variance then gambling plays no part in it, are you that stuck in your ways that you cant comprehend this or do you not know anything about poker and just assuming.

im stating a fact man, poker is gambling i never said what type of gambling or went into it deeper, just like opening a business it can be risky sure and poker in the long term that risk goes away so it's like a business where you may owe money in loans in the beginning but if you run things right the loans will get paid off and you will make profit
 
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bernotas22

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  • #68
dmorris68 said:
Yeah I avoided commenting on this earlier, but now that it's bumped back up, I will.

There isn't a poker player alive that doesn't understand that chance (luck) is a factor in poker. How much of a factor, however, depends in you and your skill level. The problem is that the vast majority of poker players are bad, losing players who leave far more to chance than to skill.

On the spectrum of wagering games, with total chance at one end and total skill at the other, poker is one that moves way more towards the skill side than the chance side. While some (bad) players treat it like any other gambling game, good players will never look at poker as "gambling." In fact many find the categorization of poker as gambling an offensive one.

Poker certainly has aspects of chance, but so does virtually every other activity we do on a daily basis. Take driving for instance. Imagine an experiment where someone who has never driven is compared with someone who has driven for 20 years. Put them both in a car and have them navigate a high-traffic route to the same destination. There is certainly a "chance" that the experienced drive has an accident and the first-time driver arrives unscathed... but the odds are pretty heavily against that. Now take 100000 of each type of driver and compare the results. Skill will very quick materialize as the chief attribute behind the long term and hopefully obvious results.

With skill, the affects of chance and variance in poker can be reduced such that results will always heavily favor skill over chance, to a degree unlike almost any other wagering game. Because poker is played against other players, not against the house with a predetermined edge. Hence the distinction that poker is a skill game rather than a "gambling" game.

thanks for going much deeper onto my statement, I agree with everything you said but i am correct when I say it is gambling, the gambling part whoever can be faded over time with good play
 
dmorris68

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  • #69
bernotas22 said:
thanks for going much deeper onto my statement, I agree with everything you said but i am correct when I say it is gambling, the gambling part whoever can be faded over time with good play

And here's where I disagree and so you're not correct. I realize English isn't your first language and perhaps the nuances are different in your native language, but to make the statement to the effect of "poker is gambling" is the same as saying it's more gambling than not. In English at least, the term gambling is equated with games of chance. The general public, ignorant of poker, often does lump poker in with other gambling games like craps or blackjack. Poker players know better. To over-extend my goofy driving analogy, it would be like referring to driving as gambling instead of a skilled activity just because there is always a chance something could happen to you while driving that is out of your control (i.e. "luck"). Sure, we sometimes gamble with our lives when we drive, and might joke about doing so, but when it comes down to it, driving is a learned skill and not a gambling endeavor.

roulette and craps are gambling games. Even blackjack and sports betting, which can benefit from some amounts of skill, are still heavily ruled by chance and weighted against the bettor. When you play those games, you're "gambling" more often than not that you'll come out on top.

Poker is NOT a game of chance. It is predominately a game of skill with a variable degree of chance that diminishes greatly as skill increases. The distinction is important, which is why serious poker players reject the notion that "poker is gambling." Whether you agree or not is irrelevant, because serious poker players do make that distinction and will tell you you're wrong. I know you like to argue, but this is not an argument you can win. :)
 
tbdbitl

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  • #70
cardsking said:
I googled in every way possible , still did not find it .
Well if it's not on the internet it can't possibly be true.

As far as the 2 year old thread goes, maybe he should have read some of my rants on BRM!
 
supernuts25

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  • #71
i would quit playing poker if i did that
 
S3mper

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  • #72
How about this... Poker is not gambling but it has gambling in it. " To bet on an uncertain outcome, as of a contest" definition of gambling

So even if I shove with AA vs KK its still gambling because the outcome is not 100% certain same with AKVS88

It has gambling in it but in the long run (for a winning player) it is not gambling
 
dmorris68

dmorris68

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  • #73
S3mper said:
How about this... Poker is not gambling but it has gambling in it. " To bet on an uncertain outcome, as of a contest" definition of gambling

So even if I shove with AA vs KK its still gambling because the outcome is not 100% certain same with AKVS88

It has gambling in it but in the long run (for a winning player) it is not gambling

Pretty much what I said. :)
 
triplesyxx

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  • #74
pretty sure this is fake, ive been hearing rumors like this for years now
 
loafes

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  • #75
triplesyxx said:
pretty sure this is fake, ive been hearing rumors like this for years now
I really doubt that to be honest. There are people who do some truly retarded things in life and in poker
 
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