I have lost around £30,000 on online poker in the last 4 years?
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I am currently battling an addiction to online poker. I have lost approx 30k in the last 4 yrs. I am now in 20k in debt. I lost most of the cash in about 2 weeks. I played on a well known poker site and had a limit of £1000 in 24hrs. I lost this amount in about 1hr at 10/20 level. I called customer svs, as I was tilting badly and urging for more money. They lifted my £1000 24hr limit and changed it to unlimited immediately!. I then went on to lose another £3500 that night. I feel absolutely destroyed about everything that has went on in my life after being introduced to online poker but I felt that I was unprotected in this case. Is there any law against this or is this common practice for these sites to do this? Any info may help….
May 26th, 2009 at 9:14 pm
To play right poker you have to not worry about money, and be able to loose and have swings. you are not playing correct if thinking about being down or getting even. All players have swings and most loose there whole bankroll as I have done and have been even behind like you are. the idea is in the end you need to realize there is more than poker and dont let gambling control you. It has completely ruined my last 2 years online and in real casinos. i would stop playing online as its not legit. there are better times ahead, if you can get away from poker and not worry about being down.
May 28th, 2009 at 12:59 pm
You were protected when you set the limits, to a point….no laws pertain to you changing your mine, or the fact you went out of controll………….
May 31st, 2009 at 12:19 am
There is no way to hold them liable for you losing your money. It is not their fault that you lost it. They are under no regulations as to how much money you can lose in a period of time.
Don’t be an idiot.
Quit playing.
June 1st, 2009 at 2:25 pm
Law against what?
You feel unprotected? You had a limit. You were protected. But YOU CHOSE to lift the protection.
Take some responsibility for your own actions. No one made you keep depositing money.
This is YOUR FAULT. I’d say that you should get some help with your gambling problem, but since you are trying to blame the poker site you obviously aren’t anywhere near that point yet.
June 3rd, 2009 at 6:17 am
Hello,
I recommend one method to deal with this:
1/ you must realize that this loss is unrecoverable,
2/ it does not mean that you should quit poker, in fact you do not need to, because there is a very simple technique, which is:
3/ play low limits, for example NL10; play there until you have made money there, and then consider moving up to NL25.
4/ possibly add a daily loss limit such as 3 buy-in=$30.
Good luck
June 4th, 2009 at 10:18 am
They are businesses, not babysitters – take responsibility for your own actions instead of trying to find someone to blame. Unless they sent someone to your house to get you drunk or make you gamble at gunpoint, they aren’t responsible for your problems, legally or any other way.
June 5th, 2009 at 1:31 pm
Well I live off of playing poker online its been my dream for awhile and I dont cheat. You just need to find out wich poker site is for you. There is a website that has the best poker websites out there.
June 7th, 2009 at 8:52 pm
Well I live off of playing poker online its been my dream for awhile and I dont cheat. You just need to find out wich poker site is for you. There is a website that has the best poker websites out there.
June 10th, 2009 at 8:43 am
I feel bad for you but there’s no law or other restriction to protect you from yourself. There are deposit limits which aren’t really in place to protect you they have to do with the risk of chargebacks to the site but you did talk them into overriding it for you. They don’t have any obligation to limit this though. You really do need to seek professional help if you find this is still out of control. If you do play again, losing 50 big bets in an hour at limit poker makes you world class loose and careless and you might want to stick to playing good cards instead of pretty much anything. To compare with a professional I might play 3 or 4 hands in an hour and fold most of them and you’re playing a lot more, way more than this and not doing a lot of folding either. You’ve got two problems here really, you’re careless with your money and careless about your play, very very careless in both instances and if you ever do play again, which you really shouldn’t, this is something to keep in mind.
King Cobra Poker