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But that wasn't the strategy's fault - we just didn't have enough money. At this point it was about 7am. In our excitement we had stayed up all night playing and planning what to do with our massive winnings. We'd split the winnings or losses down the middle. Excited, we went downstairs to the bank and wired the money.

A few minutes later, it was all there. Not good.

10 Biggest Gambling Losses Of All Time

We hit, got a 2, and the dealer busted. We won! It felt great -we knew the strategy was good and that we had made the right decision. The big bet scared us, though. I don't remember exactly how we modified our strategy, but we somehow changed it so that after some point we would cut our losses and start the progression over.

But then something happened I was exhausted from staying up so late so I went to sleep while Adam continued to play. When I woke up, it was like a kid on Christmas. I logged in and checked the balance :. Equally foolishly, he agreed. Our hopes had been dashed. We failed, and all of my money was gone. But then something strange happened. It was as if fate didn't wanted to avoid the imminent promises to never gamble again, and we started winning.

And winning. Soon we had recovered all of our money and then some!

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Every time we'd lose money we'd reevaluate the bizarre flowchart that described our strategy and add another branch to it. Soon our friends were recruited, and a 24 hour playing schedule was implemented. We had a high score sheet where we'd write down our hourly profit and try to outdo each other. We kept our lips shut about our winnings, but everyone in our dorm knew that we were gambling.

More importantly, they knew that we had serious gambling problems. Random aquaintances would come up and try to explain the dangers of gambling. I'd keep a straight face, but inside I was dancing.

How Casinos Enable Gambling Addicts

I was going to be rich, and I wasn't going to work for it. But the rumors around the dorm were increasing - everyone thought we were pouring all of our money down the drain like idiots. We had to change their minds. We declared that we were big winners and offered a chance to invest with us. Give us your money on friday and on monday we would return it, reflecting our win. So cocky we were, that we guaranteed against losses. No one wanted to take it. The money went to our heads and we started spending it. We spent some in real life and even more future profits in our heads.

We'd buy boats, an island, planes, or whatever else we wanted. I never had a cell phone before, but I went and bought the most expensive one available at the time that only high powered executives could afford. Soon we split into two teams and kept playing. We'd go to the business building at UT and play side by side, smirking at the business students who were cranking out their term papers.

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I thought we were unstoppable. But Hayden, eternally more cautious than I, managed to unravel our strategy and do the math. We were getting lucky My whole world was crashing around me. The past couple weeks had me completely convinced I was on the fast track to wealth, and I didn't want to let go of that dream.

Reluctantly we cashed out and split the profits. More thorough this time I worked and worked to try to come up with a winning strategy. By some fate, one hit me. It couldn't be that easy, could it?

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Sure enough, the next few months proved that it could be that easy. Some of the casinos would pay me like that first one did, others would stiff me. Some seemed to have the games rigged and I couldn't win no matter what. As time passed I figured out which to trust and which to avoid. I took my first job the next year. I wanted a car, but didn't want to spend all my money on one, so I decided to get a job and pay myself back before quitting.

It was my first Mercedes, and I was loved it. My job was delivering pizzas, and I only needed to work for two months to recover the money spent on the car. As pizza delivering became more boring, the gambling thing looked more attractive. In a fit of irony my car actually broke on the way home when I was one day away from earning enough to pay myself back for it.

Is this the future face of sports gambling?

The timing chain was broken and the car was totalled. Shortly after, I decided to drop out of school. Class was getting in the way of gambling and thanks to Papa Johns Pizza, I knew I would never get a real job again - the money isn't good enough to justify giving up my precious time.

With gambling I could play whenever I wanted, take time off when I wanted, and play from anywhere in the world. I'm done. Calling my mother didn't feel quite as good. In her life priority list, school is a clear number one. And possibly numbers two and three too. The conversation ended when she hung up on me :. It seemed like a good enough idea to me. She was convinced for a long time that I wasn't making any money. I'll never forget the quote : "Tynan, if you took a second and actually added up how much you won and lost, you'd find out that you were actually losing.

Note that this is about someone who has fun gambling within his means, and not about addiction at all. I doubt the average person can go on a thirty-day bender and come out unscathed. Mar 26, Hiram rated it it was amazing. Jay rated it liked it May 07, Erik rated it liked it May 03, Mike rated it really liked it Aug 17, Chad rated it really liked it Mar 03, Dbob rated it liked it Mar 27, Ken rated it liked it Feb 11, Daisygirl rated it really liked it Sep 17, Krobot rated it really liked it Mar 13, Brent Lipinski rated it liked it Sep 17, Matt Jones rated it it was amazing Jul 18, Maclean Kumpula rated it it was amazing Oct 22, Jared rated it it was ok Jul 26, Vic rated it liked it Jun 10, J rated it it was ok Apr 02, Josh Pothen rated it really liked it May 17, Jon Bertoletti rated it liked it Apr 03, Lance rated it liked it Jan 14, Lauren Siegert rated it really liked it Jun 02, Andrea Lipinski rated it liked it Jan 18, Rob rated it liked it Nov 10, Matt Denton rated it it was amazing May 12, Rich Jones rated it it was amazing Jan 28, Nathaniel Dakin rated it it was amazing Feb 20, There are no discussion topics on this book yet.

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