I started betting on Stake in 2021, and I experienced what is called "beginners luck". I won some substantial money, but convinced myself I was an expert and could never lose...until I did.
Fast forward nearly 4 years and all I have to show for it is $100,000 in losses, $100,000 I could have used to buy gifts for loved ones, $100,000 I could have used to pay off student loans, and oh by the way, they are going to close my account if I don't verify soon. I was just scrolling through some of my betslips from the last few months, and I found this parlay I almost won. 6/7 of my predictions won, and it would have been close to $134,000 in winnings. That would have been my total net losses + my debts paid off!
Betslip for those who would like to laugh at me: https://ibb.co/238DxBY
I'm simply tired of this. I will not be verifying the account because I've decided that I will not be betting anymore. I've put myself in a difficult situation and I have many restless nights and nightmares because of this. I don't think I'm a bad sports bettor, in fact many of my predictions win, but I am addicted to parlays and I have been chasing my losses for too long. The pressure was just too much for me.
I hope that everyone who reads this has better luck than me and I wish you all a happy New Year. I am done.
I feel you. While i can't connect losing as much as 100k in gambling, i can imagine what you are going trough. First of all, congratulations for having a backbone to quit. I am hoping that lasts and it's not only because you don't happen to have cash. Because it's not for everyone.Fast forward nearly 4 years and all I have to show for it is $100,000 in losses, $100,000 I could have used to buy gifts for loved ones, $100,000 I could have used to pay off student loans, and oh by the way, they are going to close my account if I don't verify soon. I was just scrolling through some of my betslips from the last few months, and I found this parlay I almost won. 6/7 of my predictions won, and it would have been close to $134,000 in winnings. That would have been my total net losses + my debts paid off!
Betslip for those who would like to laugh at me: https://ibb.co/238DxBY
I'm simply tired of this. I will not be verifying the account because I've decided that I will not be betting anymore. I've put myself in a difficult situation and I have many restless nights and nightmares because of this. I don't think I'm a bad sports bettor, in fact many of my predictions win, but I am addicted to parlays and I have been chasing my losses for too long. The pressure was just too much for me.
I hope that everyone who reads this has better luck than me and I wish you all a happy New Year. I am done.
I also noticed a pattern of denial and "only if" attitude. There are conflicting statements like "convinced myself I was an expert", and "I don't think I'm a bad sports bettor, in fact many of my predictions win"
Like you wouldn't have learned from convincing yourself, and don't know what went wrong in the end.
First of all no one is "good" at betting, that's just not a thing even if you are an expert, your changes are counted into the provided odds. And of course many of your predictions won, but that doesn't prove you are "good" at it. That just means that sometimes you are making money just like the rest of us. And given how much you are in loss, i am not sure where you are getting that idea.
It might feel like you were one off for not winning, but that's how we cheat ourselves, that's why 7/7 parlay has high odds in the first place. Because it's just that much unlikely to get them all right, it's a form of gambler's fallacy. It might be plausable to get 7/7 coin tosses right as well, but your changes to accomplish that are 1:128. So how much you would bet on that, if you saw the odds clearly? And in sport matches there are even draws that aren't counted into that.