An Indian boy committed suicide after losing money by Betting in IPL

[matchi2011]

I feel very bad when I see news like this. I think that this shows how dangerous betting with huge amount can be. Especially if you don't have much money, it is not logical to risk all of your money. Because when you lose, there is no way of recovering it unless you borrow money from somebody. Borrowing money from somebody to make bet is not a cool act too. I'm really sorry for this boy. I hope that other people who is betting like this take lessons from this incident and we won't see these kind of incidents happen again.

That's how dangerous having addiction to gambling you ain't going to push that hard to the point that you'll barrow money from your
friends and use it and play back thinking that you'll be able to recover your money.

Very bad that the boy can't handle the pressure a he needed to face he's friends without any money to pay he's lend. This case is really
happening so better to watch closer with your kids especially those who already known this vice.

[Hamphser]

Recently an Indian young boy committed suicide as he lost enough money by betting in IPL. He lost all of his money then borrowed money from his friends and bet with it in a hope of win back something. But he lost everything and took the step finally.

As i said many times before here - gambling can be very dangerous thing. Maybe it will sounds some cynically , bus such outcome it at least good enough in terms that this guy just killed himself. It could be much worse if he would take a knife and behead his friend or his grandma to take more money on this shit. (I know enough real stories about such cases)

Just don't loose your head in such things and do not play more than you can afford yourself to loose.

Not saying that its better to kill himself but i do agree on what you had explained that rather than killing other or loved ones due to stress and anger or being too emotional.
People cant really handle out some stress for sometimes and since this is just a kid or a minor then you would expect that he arent really that mature enough to realize up
things but instead he do resolved it out directly on making some suicide to think that it will be all over and he wont really be asked out for some repayment but he do think
that it would be over? No, because the people whom he took some loan will surely go after to his parents and ask out on what he do owe.So its just a similar story if he
had just tell his parents that he had took some loan then he might able to resolve it out.

[Oceat]

That is a sad story right there, that boy hasn't live his life to the fullest yet it just took him a mere seconds to end his life. I can't blame the booy though since he lost the money first but risking it to play in gambling is something that the boy didn't understand at all. Desperate time calls for desperate move, I think either way the boy knew already what are the results if he won't bring back the money so that's why he risk doing it anyway, what an unfortunate circumstances.

[Lordhermes]

How old is the young victim? Is he 18+
However, it had been warned several times by betting agencies to stop teenagers in Betting system, he is still a young teenager below 18 I think, so it hard to resist the pressure that comes after the loss adding to the ones he is owing, that's while is advisable to stop borrowing money to bet. These cases are meant to happen and it can't be stopped at any given point in time. Similar cases
had happened in my country uncountable times so it hard to stop this except for the fact that you keep advising younger ones to avoid betting at their tender age.

[Smartvirus]

Is not betting that got him killed to me, it's his bad risk and bad money management strategy. I say this because, there are many ways to incure debts and more debts and not just bettings. Some persons have been known to invest in projects that turns out to be a scam with both their personal finds and borrowed money. That's a debt right there! Some traders trade with people's invested capital and ends up loosing all of it, that's also a debt right there!

So, it is a matter of how do you evaluate risk and manage the money at your disposal. You should never risk more than you can afford to loose and so, borrowing money to risk it in a high probability investment is you already failing because, you've broken the first rule of not investing more than you can afford to loose already. It feels sick that people do this (Borrow and subject to high risk). It's just sad it had to end this way for the desaesed.

[Sithara007]

Being a resident of India, I have to point out that gambling is illegal here (with the exception of the state of Goa). This ban also covers online gambling. So don't expect any help from the law enforcement authorities, as in their view the individual was indulging in a banned activity. And secondly, you should not gamble, if you don't know when you should stop. There should be a strict stop-loss target, that should be kept in mind.

[Nalien]

A boy betting serious amount of money on IPL. It's clearly government's fault, government shouldn't allow teenagers to gamble if they allow then we will see more cases like this all over the world. Parents should also take care of their childrens.

[FlightyPouch]

A boy betting serious amount of money on IPL. It's clearly government's fault, government shouldn't allow teenagers to gamble if they allow then we will see more cases like this all over the world. Parents should also take care of their childrens.

Why should we all blame this on the government? I don't know the age limit in their country but all I know is that people should be responsible for their vices, it is not that the government can't control all of the people in their country. This is just sad but we can't just point it all out on the government as this is all the kid's decision and can't bear that he lost.

[acroman08]

this is too tragic. he is too young to die. gambling can really bring the worst of oneself. that is why I understand why governments tend to ban gambling(of course money laundering and other illegal activities are one of the reasons too) and even implement strict to extreme measures or punishment in order for their citizen to stop gambling or prevent them from gambling.

[shoreno]

A boy betting serious amount of money on IPL. It's clearly government's fault, government shouldn't allow teenagers to gamble if they allow then we will see more cases like this all over the world. Parents should also take care of their childrens.

Why should we all blame this on the government? I don't know the age limit in their country but all I know is that people should be responsible for their vices, it is not that the government can't control all of the people in their country. This is just sad but we can't just point it all out on the government as this is all the kid's decision and can't bear that he lost.

theres always people that will blame everything to the government and i find that funny because when i say everything , that include things that are verry far or the government has nothing to do with . on age restriction in gambling , why not blame the gambling operator instead of the government because gambling operators are the ones that make it possible but i dont mean that . i was only using it as a sample to show the connection between gambling and governments .

its still the responsibility of the bettor and not by the gambling owners. not just under age but on any age suicidal can happen .

[fiulpro]

This is truly unfortunate.
That is why I believe the talk about gambling should be open and discussed. I know that in many countries like India, it is considered something that is untouchable and shouldn't be talked about with kids and teens whereas at the same time at every corner you will find old people gambling and Drinking.
People do have to learn the idea of Responsible gambling, asking for help , discussing. Gambling by itself is not a bad sport but with time and unfortunate habits one can destroy themselves.

- Always gamble responsibly
- Never take such extreme step even if you loose a lot , money can be earned back , not your life.
- Seek help
- talk with your friends and Family members about Addiction.

This is extremely important that we do know that with gambling comes responsibility and thus it would be better if we can share positive attributes with the community and our families at the same time look out for negative points.

[pawanjain]

~snip

People shouldn't bet with the money what they can't afford to loss. Borrowing money for betting is worst decision ever. Every gambler know these things but many of them still do it. Does this kind of news make you worried? Share your thought about this.

You have done a good job posting it here and raising awareness about gambling only with the amount we can afford to lose.
Even I advice this thing to everybody whenever I get the opportunity that gambling is very addictive.
We shouldn't gamble frequently as it can force us to borrow money from others for gambling.
Once we start doing that, we end up being financially broke. Not everyone is lucky enough to grab a fortune in gambling.
So it's always better to only gamble with the amount we can afford to lose. At least it will not lead to giving up your life.

[Saisher]

I consider this gambler an extreme gambler, no way you will take a loan and chase your losses, the poor guy is out of control, this is not an isolated case, there are unreported cases like this happening in countries where gambling are legal.

The moral of the story is make a line that will divide you from becoming an extreme gambler and educate yourself on the risk of being out of control, and if you have a friend who acts like that guide him and show him the right path to recovery from becoming an extreme gambler.

 

[Ayiranorea]

One can easily get into addiction. To be a strong gambler he/she needs the mind to accept loss and take break. Most of the time gamblers end their lives for mistakes that weren't planned. Whether it is gambling or something else, everything has got its limit. We need to stand within the limit to be on the safer side.

Most of the time suicide is done by gamblers when they spend the money for living into gambling. When the entire amount is lost, for the next days meal he don't have answer. So, at any circumstances one should not spend the amount allocated for living needs into gambling.

[cabron]

Feel sorry for him. He is just too young to end his life this way.
His friends must have been bugging him about the money he owes. I have experienced taking a loan and have not paid on time with interest, a friendship was broken after it. WE still are friends but not what it used to be.

Bad choices often lead to another bad choice. He committed a mistake by gambling money he doesn't own and then commits another by killing himself.  

[Cling18]

I really felt bad reading this kind of news. Gambling is actually originated for entertainment only but it's really a sad thing that it's now even taking lives. I think that's the reason why we have to take control of our emotions in gambling. We should know our limits and just bet what we could afford to lose. Borrowing money just to continue playing isn't really a good idea because it has lots of risks since there's no guarantee of winning. I just hope that the boy who committed suicide has been wise so things won't get worse for him.

[jrrsparkles]

I consider this gambler an extreme gambler, no way you will take a loan and chase your losses, the poor guy is out of control, this is not an isolated case, there are unreported cases like this happening in countries where gambling are legal.

The moral of the story is make a line that will divide you from becoming an extreme gambler and educate yourself on the risk of being out of control, and if you have a friend who acts like that guide him and show him the right path to recovery from becoming an extreme gambler.

 

We never know how much the amount he is in debt, but even small amount can cause people to be depressed especially when they are doing it without parents support and not on his own money so this is why it is important to bet on our money so we can face the consequences even if we lose it because its our money so we know how to earn them.

[ice18]

Really sad, RIP to this young boy only 19 year old and now engage heavily in gambling he should go to school at his young age and not doing gambling and the worst is the money is from his friends thats why he decided to end his life out of pressure and fear he might face if he tell it to his friends but after-all its only a money he can earn it in due time and can pay his friends not committing suicide.  

[k@suy]

Really sad, RIP to this young boy only 19 year old and now engage heavily in gambling he should go to school at his young age and not doing gambling and the worst is the money is from his friends thats why he decided to end his life out of pressure and fear he might face if he tell it to his friends but after-all its only a money he can earn it in due time and can pay his friends not committing suicide.  

This is the saddest part of playing gambling. There are no restrictions when it comes on playing gambling. Anyone are allowed to play even the kids can play and also the old ones most especially in the countries like Philippines. Gambling here in PH is is legal that's why the authorities are having a hard to chase those gambling lord which also a drug lord sometimes.

[Renampun]

Really sad, RIP to this young boy only 19 year old and now engage heavily in gambling he should go to school at his young age and not doing gambling and the worst is the money is from his friends thats why he decided to end his life out of pressure and fear he might face if he tell it to his friends but after-all its only a money he can earn it in due time and can pay his friends not committing suicide.  

What I was afraid of was that this kid who committed suicide was under pressure from friend who loans money to him...
as a parent I am very sick reading this news, I can't imagine what will happen to me if my child does something like this. I will continue to support my child and will always ask how he is every day so that he does not experience this kind of pressure.