A friend asked me if he could chase a $1,400 loss with $20k...
in other words, use the 20k (if necessary) to get back his 1,400 that he's down with a local.
In short, I gave him a definitive NO.
He's new to gambling, so he's too naive and clueless to even consider a 'strategy,' and he's playing with a local that would probably limit him if he started betting more than about $3k/game (so martingale/double-down is out...for a number of other reasons as well.)
A few years ago, I might tell someone like him that it's possible. Maybe just play RAS ncaab totals on a double-down system or something, assuming he could get higher limits. But honestly, there's no way I could recommend in good faith that he even consider it.
What's the most you've ever seen someone lose chasing a relatively small ($1,000) loss?
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Originally Posted by MickChunky
