Playing back winnings

[kidgloves]

There are regular posts here about people who play back their winnings, normally due to the length it takes for the casino to flush the withdrawal request.
I have to say that I've never had the urge to do this. Once I have made whatever sum I get to and it's time to withdraw, that money in my mind is back in the bank already. No amount of dilly-dallying on the part of the casino is going to get me to reinvest it in their games. In fact, the harder a casino tries to keep the balance fluttering its eyelashes at me in the pending period, the harder I kick my heels in.
It got me thinking about different players ability, or willpower to be strong in these situations. I reckon it's partly due to genetic make up, although all gamblers have the urge to scratch the itch on a fairly regular basis, some have a stronger cut off point than others.
Case in point, loss chasing - I would argue that the urge to redeposit after a losing streak takes stronger willpower not to act on than playing back a balance. The reason being that your desire to win has not been fulfilled in the losing streak, and alongside that, your craving for entertainment may well have been a short ride so you're not ready to want to take a break yet and of course, the crazy part of your brain telling you you're due a win when the sensible part is just shaking it's head at you.
If on the other hand you have a good run, a couple of hours entertainment and make a profit, then both targets being met, it's easier to withdraw. Even a quick hit for me, say a couple of hundred up in the first 5 mins of playing will have me hunting for the cashout button.
So I'd say my genetic make up serves me well, a strong sense of when to quit, a strong desire to make a profit and keep it, a sensible head all round. Much like how I act in real life.
I know a lot of people are not so lucky with their genetic make up so some of these decisions are much harder to deal with.
I thought I'd write this due to winning a sum of 600 or so on Friday but having to upload docs. The team aren't back in until Monday so it's sitting there for a while, however all I can think about is how rosy my bank balance will look when things are finally sorted.
In my time, I have splurged with the best of them and broke all these rules, one night I decided I'd play £10 spins on Gladiator and £2000/half an hour later I was feeling all sorts of pain and stupidity. I guess now a few elements have changed - maturity - I'm sure age plays a part, a bit like driving a car, the young ones tend to get stung on the insurance due to the risk taking factor being much higher, being a bit older I don't throw my cash around any more.
So the untamed beast of self control can and always will rear its head to some level of carnage, but mostly he lies dormant these days.

 

[Freeman]

Edit: Wrong thread

 

[mathsboy1975]

There are regular posts here about people who play back their winnings, normally due to the length it takes for the casino to flush the withdrawal request.
I have to say that I've never had the urge to do this. Once I have made whatever sum I get to and it's time to withdraw, that money in my mind is back in the bank already. No amount of dilly-dallying on the part of the casino is going to get me to reinvest it in their games. In fact, the harder a casino tries to keep the balance fluttering its eyelashes at me in the pending period, the harder I kick my heels in.
It got me thinking about different players ability, or willpower to be strong in these situations. I reckon it's partly due to genetic make up, although all gamblers have the urge to scratch the itch on a fairly regular basis, some have a stronger cut off point than others.
Case in point, loss chasing - I would argue that the urge to redeposit after a losing streak takes stronger willpower not to act on than playing back a balance. The reason being that your desire to win has not been fulfilled in the losing streak, and alongside that, your craving for entertainment may well have been a short ride so you're not ready to want to take a break yet and of course, the crazy part of your brain telling you you're due a win when the sensible part is just shaking it's head at you.
If on the other hand you have a good run, a couple of hours entertainment and make a profit, then both targets being met, it's easier to withdraw. Even a quick hit for me, say a couple of hundred up in the first 5 mins of playing will have me hunting for the cashout button.
So I'd say my genetic make up serves me well, a strong sense of when to quit, a strong desire to make a profit and keep it, a sensible head all round. Much like how I act in real life.
I know a lot of people are not so lucky with their genetic make up so some of these decisions are much harder to deal with.
I thought I'd write this due to winning a sum of 600 or so on Friday but having to upload docs. The team aren't back in until Monday so it's sitting there for a while, however all I can think about is how rosy my bank balance will look when things are finally sorted.
In my time, I have splurged with the best of them and broke all these rules, one night I decided I'd play £10 spins on Gladiator and £2000/half an hour later I was feeling all sorts of pain and stupidity. I guess now a few elements have changed - maturity - I'm sure age plays a part, a bit like driving a car, the young ones tend to get stung on the insurance due to the risk taking factor being much higher, being a bit older I don't throw my cash around any more.
So the untamed beast of self control can and always will rear its head to some level of carnage, but mostly he lies dormant these days.

This is an interesting post which caught my eye because this time 10 days ago I had generated a £3K profit off a £50 deposit of which I ended up finally withdrawing about only £500 after a series of unwise reversals. Now every time I reversed I was inwardly disgusted with myself for doing so, but this is the nature of addiction. Now I hold my hands up and say that I am a gambler through and through and only a hairs breadth away from becoming a problem gambler. I gamble pretty much all of my disposable cash but I never dip into money that is for other things like rent, or bills and so I would say that I am really close to being on the edge when it comes to self control.

Now with all of the above in mind, I can tell you that when I have generated a large profit then there are 2 key thoughts that go through my mind

1. I am on a good streak, so maybe I can push it that little bit more and make even more profit.
2. The money was never in my account and so I do not consider it to actually belong to me - it is almost like I can treat it as free gambling fund.

For me it is the latter point that leads to my problems which I suppose is a fundamental problem with the perception of what money actually is. I always seem to view it in a detached way and as soon as a deposit has been made, then that money has gone - and any profit I make is still not really MY money. This thought process is the complete opposite of your own thought process as you say that you visualise your profit as being in your account even though at the time it is not yet so.

This is just painting the picture of the thought processes that go through my head, but for serial withdrawal reversers, it may also be the case that they experience something similar.

Your post does sound like you have your head screwed on and are able to detach yourself completely when necessary. In that regard it would seem that you do not have a problem gambling, but I bet there are many many like myself who are on the verge of problem gambling and just manage to keep it together by not falling off the edge, not to mention those who HAVE fallen off the edge.

I suppose ultimately that is the difference between someone with an addiction and someone without one.

 

[Dinahnana]

Used to have a problem with reversing so now I only play at fast paying sites such as Betat and Guts or sites that flush on request 32 Red etc. Problem has now been solved
I had a win over 800 about 6 or 7 weeks ago at Redflush and buggers refused to flush so I ended up reversing and playing it back. Since then I swore to keep away from those sites. So for me from now on its instant pay casinos or ones that flush all the way

 

[Nate]

You shouldn't be giving your business to Casinos that leave your withdrawal pending for longer than 5 hours IMPO.

You shouldn't play at places that don't pay on weekends or don't frequent them when they don't pay at the very least.

Places like Guts, Redbet, Mr. Green, Betsson and others have all the games you could think of and pretty fast withdrawals too.

Its 2014 for goodness sake, technology has evolved, no matter how good you feel a Casino is, they only pay you slower because they want you to reverse and it is the highest form of predatory conduct.

FYI Betsson, Casino Euro, Betsafe, Maxino and others have INSTANT withdrawals to e-wallets. Other places like Redbet, Guts and Mr. Green are so quick, they are almost instant


Nate

 

[Dinahnana]

You shouldn't be giving your business to Casinos that leave your withdrawal pending for longer than 5 hours IMPO.

You shouldn't play at places that don't pay on weekends or don't frequent them when they don't pay at the very least.

Places like Guts, Redbet, Mr. Green, Betsson and others have all the games you could think of and pretty fast withdrawals too.

Its 2014 for goodness sake, technology has evolved, no matter how good you feel a Casino is, they only pay you slower because they want you to reverse and it is the highest form of predatory conduct.

FYI Betsson, Casino Euro, Betsafe, Maxino and others have INSTANT withdrawals to e-wallets. Other places like Redbet, Guts and Mr. Green are so quick, they are almost instant


Nate

Amen to the above I am starting to play at the sites you mentioned. I still play at 32Red but always request my winnings to be flushed which they do

 

[nisosbar]

It sucks to play back winnings, but as long as you aren't playing with a deposit you can't lose, then seems to me that you don't have much room to complain. I do agree with those who suggest playing only at casinos that flush or withdraw instantly.

I agree that maturity likely plays a role in exercising self-discipline in avoiding the habit of reversing withdrawals. Live and learn is my philosophy.

 

[eddiesdad]

i now only play at guts because of the rapid payout,and also the weekly limit which means i cant chase any loss

 

[dunover]

I have reversed twice in about a year. The first time it was a partial w/d at La Vida of £20 out of 180-ish and in a few spins I hit my famous 4-reel shitstorm for 1500-odd on TSII and ended up cashing a further 1700 out. So a very lucky one.
The second time was a 50-quid minimum w/d at RedFlush a few weeks back, but only because I had a couple of profits on the way from VeraJohn and CasinoLuck. I have since close RF down because it's the only site I played out with slow wd/'s.

So, generally no, because as you stated profit has been counted and winning has satiated any desire to play further. As you said too, as I became a more 'mature' player my control and willpower increased considerably, bar a very few occasions. I am in control, not the casinos, even though with the 'pending' period they like to challenge that concept.

 

[chayton]

Personally I think it comes down to what your reasons are for gambling in the first place - and maybe the size of the winnings. Plenty of times I've played back $200 or $300 wins, but when it's getting up to $700 or above there's a little voice in my head that reminds me that there's other stuff I could use the money for.

 

[gagamel]

I am human and sometimes I make mistakes.

But I have to say that sometimes I made a big hit and cashed out a lot more money. But sometimes I throwed the money away like an idiot.

In the last months I just had one pay back and was able to make some good profit in this casino a week after my loses.

 

[mcgameboy]

I myself have actually never been guilty of reversing a withdrawal.

But on far too many occasions, I have been very guilty of not finding (or not wanting to even look for, let alone find) the cashout button in the first place. There have been times when I jumped out to a lead during a WR, only to then lose it before the WR is met. But there's been times when I have met WR with £600 in play and I have only cashed out £350 or £300. I know this much....if Chopley had been in similar spots....I know how much he would have withdrawn....£500 absolute minimum. It's all too easy to get caught up in that buzzing while you're winning feeling, next thing you know you've dropped £100 before the buzz has started to wear off.

But now, having gone through my worst losing streak since I started slotting on a regular basis late last year, things have changed. Watching Chopley's vids (particularly the one where he decided to quit early) has made me realise that I've been a muppet far too often. Dunover's bit of advice re: taking a small profit rather than risk being greedy and losing it all did strike a chord with me.

In another thread that was started earlier this week, I mentioned that I do keep track of my winnings/losses. In each of the last two months, I have lost over £400 (not a lot to some, but a lot to me given that I am a low roller). This month, since taking the "settle for what modest profit I have and take the money and run" approach, I am down a mere £10. I'm still getting my fix of slotting, even if I'm not getting the buzzes of big wins, but I'm not taking the nasty/-ier hits to my wallet. And I sure feel a lot better for it.

 

[nikantw]

OP: Careful with the “genetic makeup”. It’s the path to the dark side!

 

[brianmon]

Is it just a coincidence that the most popular and most respected online casinos are the ones who pay fast, or at least allow flushing?

I wonder if the ones with long pending periods make more from reversals than they lose from people not depositing until a withdrawal is full processed.

If you're waiting up to a week (and sometimes longer) for a withdrawal to a debit card, are you likely to make a fresh deposit during that time? I wouldn't think so.. Are you even likely to deposit there again?

I'd say long pending/processing periods are a false economy
With the amount of competition there is now. those sites with long processing periods should maybe reassess their procedures

 

[carlisleboy]

I find if I win big very early on, my mind says you've had little enjoyment so carry on.

Quite often I've been up by £200 - £300 and gambled it back.

I mostly cash out when I'm up after I've been playing for a good few hours or if I get massively up like £500 + and I've been playing for a few hours.

My last session sums me up, £150 staked, balance at £450, but nothing else to do and not been playing long. So continued playing ended up cashing out my £150 stake.

I'm lucky in that I have quite a bit of spare money to gamble with, but in turn that means that winning a couple of hundred is neither here nor there for me.