Degenerate Gambler Definition
Degenerate translation in English-Icelandic dictionary. En The rampant destruction and poisoning of the environment, the persistent plague of war that swallows millions of lives, the violent crime epidemics that breed fear and distrust everywhere, and the ever-degenerating moral climate that seems to lie at the root of many of these ills —all these global crises join hands, as it were,.
08:3225 Oct
For all that poker players claim to understand that skill, experience and self-control are all essential to beating the game, there are those who just can’t overcome that crippling degen gene – the need to gamble it up at the expense of common-sense!
Today’s tales of degeneracy were sparked by a Reddit/poker thread, one user recounting how they destroyed their 2019 WSOP dream before even reaching the tournament tables.
- “Degenerate gambler” is a term that many regular gamblers tease each other with after a big loss or a bad night at the tables. However, a real degen gambler is no laughing matter.
- What are some stories of famous gambler losing lots of money. Ill start with one. Told by Todd Brunson 'About 14 years ago, I was playing in a $150-$300 hold'em game at Commerce Casino.
A $4500 bankroll and $1500 savings should have been enough for a decent but modest schedule, with the chance of a sattie win to chase the riches.
However a shitty flight led to a tilted $900 punt on the cash game tables, and with the rest of that $6k in the pocket for fear of hotel theft, our ‘hero’ took to the roulette wheel in an attempt to win it all back.
You can imagine how the rest went, and the full story linked later if you want the gory details, but all you really need to know is how our player felt:
'The dream, crushed to oblivion. Heart in pieces. I felt dead inside.”
That incredible rush of blood, the absolute need to play, or chase losses or glory or instant thrills, is far from an unusual one among poker players, of course.
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Peter Eatsgate’s sportsbetting $millions
Peter Eastgate was one of the lucky ones, in several ways. A $9.1million payday for scooping the WSOP Main Event in 2008 gave him the riches to do whatever he pleased.
Worryingly, however, he also believed: “It is slightly in a poker player’s DNA to make bets,” and that led to a $1.7million splurge on the 2010 football World Cup.
Although admitting to being “an addict' and “a degenerate gambler', Peter fortunately found a way through his problems and managed to stop his self-destructive behaviour before it wiped out his entire bank balance.
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Erick Lindgren’s $10million debts
Others were not so lucky, and the sad tale of Erick ‘E-Dog’ Lindgren is a case in point, with more than $10million in tournament winnings equalled by the amount of debt he managed to rack up.
Again it was sportsbetting that caused the problems, a $50k to $100k per game addiction that led to his borrowing from other poker players and gamblers.
Haralabos Voulgaris and Max Weinberg were among those who went public, and there was also a $2million Full Tilt payment that was mistakenly sent twice, and never repaid by Lindgren.
Lawsuits and multiple bankruptcies followed and Lindgren’s ‘All American Hero’ status lay in tatters.
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We could go over the poker successes and degenerate lifestyles of Stu Ungar, Scotty Nguyen, Gus Hansen and many others – some of whom survived and came out the other side, some who didn’t.
Gambling, drugs, alcohol, men and women of the night – the list of poisons is endless, and as our Reddit degen shows, it’s not exclusive to the $millionaire poker club. Stick to what you know and stick to your limits - you have been warned!
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What Does Degenerate Mean In Sports Betting?
by Doc's Sports - 10/2/2014
If someone calls you a degenerate gambler then they are not complimenting you. If you are a degenerate gambler then you need to step away from the betting window. A degenerate is someone who bets for the rush of the action above all else, and who isn’t capable of making good, mathematically sound bets that have a long-term expectation of profit. In simpler terms, they are compulsive gamblers who are destined to go broke.
So, how do you spot a degenerate gambler? Hopefully not by looking in the mirror. Here are a few characteristics of a degenerate to help you in your hunt:
1. Degenerates were often hardcore fans before they were degenerate bettors. Chances are, though, that their fandom has dimmed as their betting intensity has grown. The need for action has outweighed the joy of watching and cheering.
2. Degenerates are basically incapable of estimating the edge they have in a game. If you ask them they will pretty much certainly overstate everything - their handicapping prowess and their chances of winning. If you can’t get a true sense of your edge then you can’t find value and you have no chance of long-term success. Degenerates can’t determine their edge in large part because they are very willing to lie to themselves. They are completely delusional.
Degenerate Gambler Definition
3. Degenerates chase big payouts. If a three-team parlay is good then a six-team parlay is even better because of how big the payout would be. The actual chances of success, the true odds, the size of their bankroll and so much else is completely ignored. They think they are going to win, so they only focus on the payout. Sportsbooks love degenerates like this because they can offer truly awful sucker bets and, as long as the potential payoff is large, the degenerates will throw their money at it.
4. Degenerates chase their losses. When they lose a bet most smart bettors know that it is just a part of the game, and they look for a better result next time. Degenerates feel like fate has done them wrong, they are certain that they can’t lose twice in a row, and they increase their bet size to get back to even. The more losses in a row, the more reckless their betting, and the faster their ruin arrives.
Definition Of Degenerate Gambler
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