Effect Of Drink On Betting Decisions

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Rx. Senior
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Over the last 3 Months I logged all the decisions I made on bets gone wrong in some way ( most of these would be trading bets or mistaken prices ETC) and how much drink was part of the equation.

Number of Bets wrong =126
Number of bets wrong when sober =38 Right move made =31
Number of bets with drink taken =88 Right move taken =26

The bad figure of action taken is not made up of just an accidental wrong moves but plenty of bravado and in some cases making things worse by pressing up a situation. There's no doubt that I pay a penalty profit wise while I drink and Gamble and although I have some sort of control on it, many younger gamblers wont. :thumbsup:
 

EV Whore
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Excessive drink + gambling = poorhouse

Took me awhile to figure that simple equation out.
 

morally bankrupt
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Except last year I bet an under when I meant to bet an over and thought I lost pretty big which just lead to more drinking and when I woke up I saw I won. It was amazing, like a gift from the drinking god.
 

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I bet the same bet 98% of the time and only do double 1.9% and triple once in my life.

I was drunk and instead of betting on the Miami Hurricanes for the normal bet at +3.5 -110 or something similar, I bet 10x on the ML.

They ended up losing by 1. I was pissed.
 

RX Senior
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I have had some of my best runs and cashouts from when I was drunk.

I have also lost so much when I was drunk that I woke up in such a
world of hurt the next day wondering how life will go on.

My thinking is that gambling is gambling, and you got to be careful no matter what.
 

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Over the last 3 Months I logged all the decisions I made on bets gone wrong in some way ( most of these would be trading bets or mistaken prices ETC) and how much drink was part of the equation.

Number of Bets wrong =126
Number of bets wrong when sober =38 Right move made =31
Number of bets with drink taken =88 Right move taken =26

The bad figure of action taken is not made up of just an accidental wrong moves but plenty of bravado and in some cases making things worse by pressing up a situation. There's no doubt that I pay a penalty profit wise while I drink and Gamble and although I have some sort of control on it, many younger gamblers wont. :thumbsup:
You seem well past control. Until AA help's you, your gambling will stay in the negative. Good luck.:smoker2:
 

2009 RX Death Pool Champion
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NEW YORK (Reuters Health) - Young adults who binge drink frequently are more likely to show disadvantageous decision-making patterns than their peers who don't drink as heavily, a new study shows.

Furthermore, the earlier a person begins to binge drink, the stronger the tie to poor decision-making skills, Dr. Anna E. Goudriaan and colleagues from the University of Missouri-Columbia report.

However, the study wasn't able to demonstrate which came first -- a bad approach to decision-making or a tendency to drink heavily.

Adolescence and early adulthood are both a time when many people drink heavily and a key period for making important life decisions, Goudriaan and her team note in the journal Alcoholism: Clinical and Experimental Research.

To determine whether a person's drinking habits might be related to strategies for decision-making, the researchers had 200 male and female college students complete a test called the Iowa Gambling Task (IGT), a computer card game that involves trying to devise a winning approach by choosing cards from advantageous, rather than disadvantageous, decks.

Students had completed a questionnaire on their binge drinking frequency once a year for four years, beginning with the summer before their freshman year. Binge drinking was defined as consuming five or more drinks in a single sitting.

They were divided into four groups based on drinking histories: one group had a low level of binge drinking, meaning they reported binge drinking once or not at all over the past 30 days; the second group binge drank moderately; the third showed an increase in their tendency to binge drink over the course of the study; and the fourth group binge drank heavily throughout the study.

The young men and women in the chronic high binge drinking group performed worse on the gambling task, on average, than those who drank less, and the earlier they had begun binge drinking, the worse they fared.

Goudriaan and her colleagues conclude: "Although a causal link has yet to be established, our findings indicate that binge drinking at a younger age and prolonged binge drinking are associated with worse decision making."

SOURCE: Alcoholism: Clinical and Experimental Research, June 2007.

http://news.yahoo.com/s/nm/20070524/hl_nm/drinking_college_dc;_ylt=ApsfLlWfRsmMypjAyc9.hrjVJRIF
 

RX Senior
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"However, the study wasn't able to demonstrate which came first -- a bad approach to decision-making or a tendency to drink heavily."

LOL. I dont know why but that made me laugh.
 

2009 RX Death Pool Champion
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"However, the study wasn't able to demonstrate which came first -- a bad approach to decision-making or a tendency to drink heavily."

LOL. I dont know why but that made me laugh.


exactly............ it is almost as if they didn't know whether they had just picked up several dumbasses,which as you know is very possible.you see sober people on a daily basis do some of the stupidest things one can imagine
 

Rx. Senior
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You seem well past control. Until AA help's you, your gambling will stay in the negative. Good luck.:smoker2:


:missingte I probably do about 100-150 Transactions a Day so its inevitable. what I'm trying to highlight is how one reacts. Rather than taking reasonable defensive action which is the case when sober, a Cavalier attitude surfaces when drinking.

STILL NO PINT ON THE FRONT PAGE
 

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