Before reading my little blurb on responsible gaming, I just want to preface this by saying that we all love reading the stories of STL Cards or Noto hitting that six-figure payday. In reality, very few of us will probably ever hit that. Instead people can be like me (as you will read below) and screw some things up. I hope this article reaches some people and helps them put some perspective in their DFS life and be smart about gaming.
I have been an RG member and DFS player since I was a sophomore in college (about 3-4 years ago). I loved the thrill of playing and as a guy who followed every sport religiously, except hockey, I was hooked. I would play anywhere from $5-10 a day and just have fun with it. I did this for a couple years and loved it all.
However, last Spring was the downfall of my DFS career. If I could take a time machine and do some things over in my life, this would be my first stop. In Spring I got my first credit card and it had a $16,000 limit. As a college student who was 21 and wanted to go to the bars all the time, this was dangerous. One thing that I learned rather quickly was that I could link my credit card to my Paypal account and deposit even MORE MONEY. I was so excited. I told myself that I am going to hit it big and just live the life of luxury.
For the next six months, I would constantly deposit money in. Sometimes $100, sometimes $500, sometimes over $1000. I was having a blast doing it. I would win some and lose some…but overall for the next 6 months, I had only won about $100. Not a lot or anything but as a college kid, I was quite stoked.
In January 2018, my bad luck came. As DFS players, we all have highs and lows. Well, I think it is safe to say that I hit a HUGE low. By the end of February, my $16,000 credit card was almost maxed out. I would just lose and lose and lose. I would bet to try and win back everything I had loss the previous night. I was chasing my loss, which is the worst thing any gambler/DFS player could do. I ended up applying for another credit card, and sadly, the credit card company accepted me. They gave me a new credit card that had a $10,000 limit….
I was excited. In my mind, I told myself that I had an extra $10,000 to win all my losses back. Well, shockingly (Dave Potss sarcasm here) I lost it all over the next couple months (May 2018). So as a 23 year old, I was stuck looking at about $25,000 in credit card debt, feeling hopeless, feeling scared, and not sure of what would happen.
Currently, I still have this huge debt hanging over my head on my credit cards. It is the worst feeling in the world. I have cried multiple times at night just feeling so beaten, so scared, and feeling like I have let so many people down. I would try to hide from it myself by paying the minimum on the credit card and just figure that it would go away. I haven’t told anyone in my family, not my girlfriend, just all of you RG members now.
Over these past couple weeks, I have gained some confidence and strength. I do not know where this has come from, but I am glad I have gotten it. I am ready to face this debt that is in front of me, not through DFS haha…but from hard work and slowly paying if off. As a fresh college graduate, I have a nice job that I will be starting in a couple weeks, and my goal is to try as hard as I can to pay off all of this debt in the next 2 years. I know, all of you are thinking 2 years is a long ass time, but when you are as stupid as me, that is what it will take. 2 years with payments of about $1200 a month….that is what is placed in front of me. It is not pretty, but it is the situation I am currently in.
I do not want this story to a pity story for me. People should not look at me and feel sorry for me. I want to be an example in the DFS world, especially relatively young people like me, to pause and think about bankroll management. Winning money in DFS is fun, but losing is such a stronger and deeper feeling. It eats away in your stomach. No one wants this feeling, so be smart with your money. The money you make from your job is precious and you should take care of it. I am the face of terrible bankroll management. I am the poster child of what you should not become.
If anyone has any questions, please feel free to comment below.