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Lost money gambling

A couple of days ago I signed up with William Hill after I had enjoyed watching a friend play poker. I've been playing roulette over the last couple of days. To start with I made £30 and walked away and then the next morning I lost a bit of that and left. Later that I day I won more until I was about £60 on top. However I don't know what has happened to me today, Since I had such large winnings I was betting higher amounts of money. I started with £20 bets and ended up with nearly £50 bets to cover the bets that I lost.

However my bets have become out of hand and I have now ended up £500 down. I still have money in my bank so i'm not likely to go into debt with my bank but I just feel so depressed that I let this happen to me as i'm usually very, very careful with my money. I have contacted William Hill to see if there is anything they would do but I wouldn't be surprised if they don't.

I'm not after much from anyone reading this thread - I feel like I need to tell people as I would be too embarrassed to tell my parents or girlfriend but they don't see my bank statements so they won't find out.

It will take me about 2 months to earn this money back but I realise my mistake and plan on closing my account with William Hill and not gambling again.

Reply 1

tsnake23

1

Playing roulette is a very stupid idea - its a game of total luck but the house has an edge of 2.7% (single 0 table). That means its impossible to win at it in the long run and every spin you make your effectively giving 2.7% of your stake in equity to William Hill. The payout is completely fixed and the numbers random so there is no 'system' or patterns.

There's no chance of you getting the money back from William Hill. Your best bet is to learn from your mistake and don't play it again.

Reply 2

A_Howells

9

Just quit mate and make this a lesson. These games are designed to lose your money and you will never win your money back without risking going into debt.

Everyone has wasted money when they shouldn't.

Reply 3

cl_steele

2

im curious what youd like them to do? Theyre hardly going to refund you money...

Just suck it up and put it down to one of lifes lessons, after all the casino [or equivalent] will always win in the long run.

Reply 4

Putch1

2

Yep, gambling is not the way of life. Truth is, the more you play, the more addicted you will be. Eventually, you could lose a lot of money.

Reply 5

Jack Howarth

I gamble quite regular, about £50 a month of my pay goes on online slots because the progressive jackpots attract me and the chance of a big payout is exciting. Most of the time I lose, sometimes I don't but if you don't expect to win, and don't chase your losses, it can be a rewarding and enjoyable way to spend an hour. It's very easy for people to say it's stupid etc but if you control your expenditure I see no problem - it's not a physically harmful vice akin to binge drinking or smoking after all. Few years ago I won £4,500 so maybe I'm just biased from my good fortune. If you like to gamble it's tough to cut it out completely so just set yourself a cap and be strict with yourself.

I agree with the comments about roulette mathematically though if you're playing long term you have no way to ever truly "win".

Posted from TSR Mobile

(edited 11 years ago)

Reply 6

the bear

20

Definitely close your account with Messrs Hill. Otherwise you will be tempted to win back the money you lost.

Reply 7

Putch1

2

Original post by Jack Howarth

I gamble quite regular, about £50 a month of my pay goes on online slots because the progressive jackpots attract me and the chance of a big payout is exciting. Most of the time I lose, sometimes I don't but if you don't expect to win, and don't chase your losses, it can be a rewarding and enjoyable way to spend an hour. It's very easy for people to say it's stupid etc but if you control your expenditure I see no problem - it's not a physically harmful vice akin to binge drinking or smoking after all. Few years ago I won £4,500 so maybe I'm just biased from my good fortune. If you like to gamble it's tough to cut it out completely so just set yourself a cap and be strict with yourself.

I agree with the comments about roulette mathematically though if you're playing long term you have no way to ever truly "win".

Posted from TSR Mobile

I some what agree, but the majority of beginners can't control themselves.

Reply 8

Putch1

2

Hmmmm >.>

(edited 11 years ago)

Reply 9

MagicNMedicine

20

Original post by cl_steele

im curious what youd like them to do? Theyre hardly going to refund you money...

I wonder how he would have reacted after he was £60 up if William Hill had contacted him and asked him for the money back, I expect he would have told them where to stick it

Reply 10

cleveradam

9

500 pounds is a lot but you can't keep on gambling or it will go 4 digits. Good luck getting a refund... I'm sure if you had won and they asked for the money back you most likely wouldn't have given it :s-smilie:

Reply 11

JediArron

16

Original post by Putch1

Do you get paid to advertise? :P

That was the precise comment in which I was about to make.

Reply 12

SloaneRanger

18

LOL, there are massive posters in betting shops throughout the country, that indicate GAMBLING AWARENESS, its on the machines themselves. They are there to look pretty, gambling is meant to be recreational and as soon as you are wagering beyond your means, you know you have a problem. You really need self exclusion, if you have an addictive personality! Here is a bit of advice, you do realise that Betting Shops are currently open long hours, not because of horse racing/football/cricket etc, but because of the revenue that is bought in by the Betting Machines, if they weren't making money. They wouldn't be open till 9.30/10pm at night, in Soho, Paddy Power and Betfred shops, are open till close to Midnight. Hilarious to think you could make money on virtual roulette though :colondollar:

. Also I doubt John Quinn, head of Customer Relations at William Hill, will give you a refund,lol......he wrote a book on this subject you can buy it on Amazon, its quite a good read. Hills tend to do good will gestures for people as a publicity stunt, this isn't one,lol.

(edited 11 years ago)

Reply 13

Tycho

14

Here's a few tips:

- Never risk what you cannot afford to lose.
- Always expect to lose.
- Don't think that a win somehow makes you more likely to keep winning.
- Never look at gambling as a way of making money.

Reply 14

officelinebacker

Original post by OllieLeake93

A couple of days ago I signed up with William Hill after I had enjoyed watching a friend play poker. I've been playing roulette over the last couple of days. To start with I made £30 and walked away and then the next morning I lost a bit of that and left. Later that I day I won more until I was about £60 on top. However I don't know what has happened to me today, Since I had such large winnings I was betting higher amounts of money. I started with £20 bets and ended up with nearly £50 bets to cover the bets that I lost.

However my bets have become out of hand and I have now ended up £500 down. I still have money in my bank so i'm not likely to go into debt with my bank but I just feel so depressed that I let this happen to me as i'm usually very, very careful with my money. I have contacted William Hill to see if there is anything they would do but I wouldn't be surprised if they don't.

I'm not after much from anyone reading this thread - I feel like I need to tell people as I would be too embarrassed to tell my parents or girlfriend but they don't see my bank statements so they won't find out.

It will take me about 2 months to earn this money back but I realise my mistake and plan on closing my account with William Hill and not gambling again.

STOP CHASING YOUR LOSS.

You made a stupid decision, to play roulette, then made a stupid decision to keep going after making a small profit, then another stupid decision when you kept chasing your losses.

On an online casino it is impossible to win any game of chance long run, doesn't matter if it's roulette, blackjack, slots or dozens of other games, in the long run the casino will win.

As for getting money back from William Hill, get a grip. Why would a casino give money back to somebody? If they gave one person back money it would end up in the press that they do that, and then they would have every idiot who loses money begging them for it back. It's not going to happen.

Write this up to a moment of madness and move on.

Reply 15

Frube

3

Poker is a game of skill, roulette is a game of chance learn the difference.

Reply 16

RichardLai

12

This is why gambling should be banned.

Reply 17

Genocidal

19

Original post by Sum Gai

This is why gambling should be banned.

If you realised how much gambling brings in economically you'd see how foolish that statement is.

Reply 18

RichardLai

12

Original post by Genocidal

If you realised how much gambling brings in economically you'd see how foolish that statement is.

and? Do you know how much the government could make selling illegal drugs legally?

Reply 19

Genocidal

19

Original post by Sum Gai

and? Do you know how much the government could make selling illegal drugs legally?

Well if you had any clue what you were talking about you would realise how if we banned gambling the industry would simply move country.

America went against online gambling in recent years and all those billions simply moved to countries like us. Our gambling industry, and that of many others, profited hugely from many gamblers and operators leaving the US market.

More importantly, why should we ban something just because of a few idiots who can't control themselves? To compare gambling to selling illegal drugs is laughable. Illegal drugs always harm people. Gambling does not. The majority of gamblers are casual people who have full control over what they're doing.

I suppose in your world we should ban alcohol too? That harms far more people than gambling.

Lost money gambling

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