genting 1000 chip

A lone RM 1,000 chip

The Signs (TM) were all there. I lost my ATM card so I had to withdraw from my credit card instead. I went up with the sole intention of winning back my Auckland losses (RM 5,000). I was talking about chasing the dragon when I went up but my obstination made me go against it.

Anyway, let’s cut to Auckland Sky City Casino. I actually WON in New Zealand with a paltry NZD 2,000 buy in. I started REALLY badly and was down to about NZD 300 when I chased this Player dragon that netted me a cool NZD 2,100. There I was, with NZD 4,100 of chips which I cashed in and sat for 45 minutes drinking beer while waiting for my friend to finish her game.

auckland sky city casino

I’m not very good with waiting so in the end I started playing again. I was very, very drunk at that point and was just putting money on the Blackjack table, holding with a 6 and other stupid stuff like that. Not surprisingly I lost the NZD 2,100 plus my buy in of NZD 2,000. That’s about a RM 5,000 net loss (not factoring in the win, else it’ll be something close to RM 10,000).

Back to Genting, I just had an urge to head up this weekend, coz I had nothing to do. Thus, I headed up with RM 2,000 (with the intention of withdrawing an additional RM 4,000 from my credit card when I get into the International Room). We were staying in First World Hotel so against my better judgement, I went into that casino first.

There was a Banker dragon going on. I bet 1k on Player (against the dragon) and lost. I bet another 1k on Player (talk about obstinate!) and lost again. That’s the end of my RM 2,000 buy in so I had to head to the main casino. It didn’t help that the Banker dragon was broken RIGHT AFTER THAT with four Players in a row, which, if I had withdrew the cash first, would have made me win.

Thus, down by 2k, I went into the IR and withdrew RM 4,000 in 4 x RM 1,000 chips (shown in the first photo) and sat down on Elite Baccarat. I put 1k on Player as usual and won. However, in Elite Baccarat you have this option to switch and I accidentally switched (wanted to hold) and lost the 1k.

It was a series of unfortunate events which happened really rapidly after that. I was betting with my emotions instead of my analytical skillz. I went Player all the way. After a couple of wins and losses (got a natural 9 once, and a really lucky win of 3 vs 2).

However, at the end of it I was left with a sole 1k chip which I went to the toilet to take a photo of before heading back to the table. While I was away, Player won 3 times. >.<

I lost a total of RM 6,100 (RM 100 was a last ditch attempt for a comeback by putting it on the number 6 on Roulette) and now I have to eat Maggi Mee every single night to save up for my condo. T_T

Things you can buy with RM 11,100:

A nice bed for my new condo
A nice sofa for my new condo
A nice TV for new new condo

Experiences you can buy with RM 11,100:

A trip to pretty much anywhere in the world for a week if you’re careful with accomodation

However, I’m always prepared to lose my buy in when I come up to gamble but things would have worked out so differently if I just followed the Banker dragon in the first place. Oh well, I don’t complain when I win so I don’t complain when I lose too. :)

It’s just life, sometimes you win, sometimes you lose. My approach to betting is just too risky. A man beside me can absorb the losses coz he bets RM 100 – RM 200 each round. I don’t play for fun. I play to win so I reduce the times I have to play by betting high.

Anyway, I’m going to have to skip Subway and Dominos and cook 2 packets of Maggi with 2 eggs every night from now on. I’m NOT going up to Genting anymore until I purchase my condo.
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53 Responses to “How I lost RM 11,100 over a week”

  1. Huai Bin,
    You’re welcome. Happy to share my past experience. From Wikipedia: Black Swan Events were described by Nassim Nicholas Taleb in his 2007 book, The Black Swan. Its explains the existence and occurrence of high-impact, hard-to-predict, and rare events that are beyond the realm of normal expectations.
    How to identify a black swan? 1. The event is a surprise (to the observer). 2. The event has a major impact. 3. After the fact, the event is rationalized by hindsight, as if it had been expected.
    Hope you understand my point – stay away from gambling (whatever kind) since you’ve already told us enough about your ‘good’ and bad experience associated with the betting game.

  2. I believe your weblog is nice! I found it on Yahoo. I believe I will come back on day, thank you.

  3. the cornet player. Highly respectable gondoliers! And skeweyed Walter

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