Man lost £20,000 in one night after becoming addicted to online gambling!

[traderethereum]

I won't ever blame the victim for any reason, casino games are very addictive and it takes the strong mind to overcome it, most of the times I have lost money on Plinko game within 5 minutes and I know how it is, the victim may get a lot of money at hand and will voe to himself to recover from previous losses, having this instinct in mind makes you lose lots of money, the only secret to win this it to stop playing when you loose about three hits in a row, and wait for another day maybe you may be lucky the next time.

We're not using our pov here though, we're using the pov of the gambler, and said gambler is blaming someone else for his loss. It's basically a hysteric at this point, one that doesn't make sense and just throws logic out the window, skewing everything to make it work for him. Besides, the mindset of actually trying to recover your losses isn't one you should have when gambling. It's for entertainment, joy, only spend what you can. I can only blame the victim if that were the case tbh.

If that gambler blames someone else for his loss, that will not make sense because that is his money, and he gambles using his own money.
Maybe he needs to change his mindset not to use too much money to gamble, so when he loses, he will not regret it or regret it but not in big money.
Stopping gambling for a while after losing a streak will be recommended because we need to reduce our tension and curiosity. And that is the way to take a break for a while and saving our money from another loss.
But unfortunately, most gamblers will not stop after losing some money and still think that the next rounds will be their chance to win.
That will only lead to another loss because he will not know what will happen in the next rounds.

[Ultegra134]

Yes that is very bad but he seems to be a rich man, with him willing to bet a very large amount in just one night at least it identifies the gambler as having wealth. Indeed, gambling in big numbers isn't always about the rich because the poor can do it, but whether someone with £20,000 is considered poor and I don't think so. Therefore, he lost because of greed and with that defeat too, it was greed that might make him realize to quit gambling addiction but indeed, some of them will realize because they are in debt.

If he was indeed rich, then this story would have never got published in the tabloids. The reason why this story went viral is because this guy is almost bankrupt now and he is blaming the casino for not preventing his losses. As we all know, it is ridiculous to blame the casino instead of himself. The casino can be blamed only if they had rigged some of the games. As of now, there is no evidence for any of this. It was the responsibility of the gambler to play in an accountable manner, and he couldn't do that. 

Like what I previously mentioned, there is this so called 'gambler's cycle' wherein once you start winning or losing in a bet, you will most likely bet again until you win or recover the losses that you incurred. This is most likely the situation that happened with this person. He won, he lost, he won again, he lost and the story continues until he depleted every resources he had.

I don't get why he expected the casino to call him before placing such a bet, or how in the earth was it possible for them to guess if he's going nuts and bet his whole bank account. It's pretty interesting that the casino called him the next day, if it wasn't for them, there's a slim chance that he might have suicided before the police got there.

It's simply his fault for not being able to control himself, I get it that with the pandemic and the quarantine measures you need something to blow steam off, but there are other methods to do rather than gamble such amounts of money. I'm still curious on how he deposited such an amount on his account, I mean, doesn't it take some procedure?

[bryant.coleman]

Like what I previously mentioned, there is this so called 'gambler's cycle' wherein once you start winning or losing in a bet, you will most likely bet again until you win or recover the losses that you incurred. This is most likely the situation that happened with this person. He won, he lost, he won again, he lost and the story continues until he depleted every resources he had.

Experienced gamblers know how to take care of this issue, so I am not going to mention them. For the noobs and gambling addicts, the most dangerous situation is when they win two or three games at the start. Then they start to believe that it is their lucky day. Then they will lose 2-3 games and all the gains made in the previous games will be gone. At this point, anyone with some sort of experience would quit. But the addicts would refuse to admit their losses and they will gamble until every single penny is lost. 

[wxa7115]

But how is this the fault of the casino?

The casino is merely offering a transaction to everyone that is interested in taking it on. Any player is well informed that they are taking on a losing proposition in the long run - whether or not they plan on actioning on that knowledge is their choice only.

I'm not saying that what the man has gone through is insignificant, not at all. I'm just questioning the validity of blaming the counterparty of a transaction that you had willingly entered.

This is a horrible and terrifying losses that a gambler may encounter. But I think it's no use of blaming the Casino or the institution where a person got lose that huge amount of asset because he really now already the consequences of gambling that much without a limit or a self control. I mean, this institution is just offering an entertainment, a service to those gamblers, it is also a business at the same time so this institution were not going to throw the person out of the building once it lost that amount as long as he has a money that he can use to place a bet. At the end of the day it is ourselves who are responsible to whatever the result of our action turns out.

This is just a way to protect his ego, I know it does not make sense but many people are like that, they cannot admit they made a mistake and they need to blame someone else so in their minds they still are this perfect version of themselves but that somehow were deceived by the casinos.

But obviously we know better, we are responsible for our own actions and this person is simply irresponsible, and the fact he is not admitting his mistake only means that there is a high chance this is going to happen to him once again.

[Sithara007]

But obviously we know better, we are responsible for our own actions and this person is simply irresponsible, and the fact he is not admitting his mistake only means that there is a high chance this is going to happen to him once again.

Whether he admits his mistake or not, the money is gone. He is a complete idiot if he thinks that the casino will get frightened by his claim and refund his deposit. They are under no legal obligation to do so. BTW, his friends of relatives should get the individual admitted in a good mental health facility. Gambling addiction is a serious mental condition, and I guess his condition would degrade further if professional support is not given. If he refuses to get himself admitted, then it is another topic altogether.

[meser#]

I've seen a lot of people who are addicted to gambling. They aren't  just gambling addicts, they are addicted to adrenaline , many of them addicted to winning, addicted to risky situation. Many of them seeing gambling as a saviour. They dont realise one inetivable thing: At the end they will damaged themself as psychologically. Money can buy everything except time and health.

If you are gambler don't forget: You can only win by giving up gambling

[Chato1977]

After becoming addicted to online casino games in March last year, he lost £40,000 in the space of a month, losing half of that in just one night.

After losing that money too, he found himself in massive debt, and contemplated taking his own life.

https://www.mirror.co.uk/news/uk-news/man-lost-20000-one-night-24067466

I don't know why they are caught up in this moment but I think people know the risks yet they still try. Was it appropriate for him to call the gambling firm wrong or he was right? (See the last part of the article or better read the 3 mins. article instead)

That man is Addicted but a small time gambler mate because there are even players that bets 20,000$ per role and that is far high compared to that 20,000 euro for the whole gambling activity.

But in small time gamblers this is a heart and soul of their gambling career.

He is certainly not the first and only one who suddenly loses so much money. On the forum I have read stories of people who have lost a lot more. If you have 21k in your bank account, and you become addicted and then lose 20k, it hurts for a while. His only lesson now is to stop immediately and build a bankroll again. Then don't gamble. nowadays it is so easy to waste your money online.

Lol i checked my wagered total in one gambling site that i played and i already had  100k just for a single site so what more to the next 7-10 gambling site that i am playing lol.

[passwordnow]

I've seen a lot of people who are addicted to gambling. They aren't  just gambling addicts, they are addicted to adrenaline , many of them addicted to winning, addicted to risky situation. Many of them seeing gambling as a saviour. They dont realise one inetivable thing: At the end they will damaged themself as psychologically. Money can buy everything except time and health.

If you are gambler don't forget: You can only win by giving up gambling

Giving up and winning are not the same. If it's about winning and giving up then it's about winning against addiction and that's what you're reiterating and I do agree with you.
But if it's about winning sums of money in gambling, there's no way to stop a person that has seen the potential amount that he can win for the first try and then later on won huge money which makes him to be pursuant with it.

[barbara44]

This is a horrible and terrifying losses that a gambler may encounter. But I think it's no use of blaming the Casino or the institution where a person got lose that huge amount of asset because he really now already the consequences of gambling that much without a limit or a self control. I mean, this institution is just offering an entertainment, a service to those gamblers, it is also a business at the same time so this institution were not going to throw the person out of the building once it lost that amount as long as he has a money that he can use to place a bet. At the end of the day it is ourselves who are responsible to whatever the result of our action turns out.

This is just a way to protect his ego, I know it does not make sense but many people are like that, they cannot admit they made a mistake and they need to blame someone else so in their minds they still are this perfect version of themselves but that somehow were deceived by the casinos.

But obviously we know better, we are responsible for our own actions and this person is simply irresponsible, and the fact he is not admitting his mistake only means that there is a high chance this is going to happen to him once again.

Right, I can understand if a kid complains as such but an adult saying he was deceived by a casino doesn't make sense at all. Most of the addicted gamblers are those who are struggling with finances and when they see an ad on TV, emails, messages, etc along with some kind of a free bet offer, they think there is no harm in trying it since they want to fix their financial problems. This is where it all starts and if he wins, he gets greedy while if he loses, would always want to cover his losses and lose more.

The only possible way of avoiding such fate is to gamble when with "spare funds" and make sure you are not chasing your losses because the worst part of gambling addiction is chasing your lost funds. You will 99% of the time end up losing more and stuck within a recovery syndrome.

[molsewid]

Whether he admits his mistake or not, the money is gone. He is a complete idiot if he thinks that the casino will get frightened by his claim and refund his deposit. They are under no legal obligation to do so. BTW, his friends of relatives should get the individual admitted in a good mental health facility. Gambling addiction is a serious mental condition, and I guess his condition would degrade further if professional support is not given. If he refuses to get himself admitted, then it is another topic altogether.

Exactly mate I bet the world admitting your mistake is for you to move forward, learned from your mistakes and let go of what has been done. However, in case of gambling addiction I guess it really needs a treatment from a psychologist but most of all it needs a persons willingness to change his self and cure the addictions that he has on gambling. This is not an easy process, this would surely takes a lot of determination from a person who will undergo a treatment if and even if he really wanted to be treated.

[Reatim]

I've seen a lot of people who are addicted to gambling. They aren't  just gambling addicts, they are addicted to adrenaline , many of them addicted to winning, addicted to risky situation. Many of them seeing gambling as a saviour. They dont realise one inetivable thing: At the end they will damaged themself as psychologically. Money can buy everything except time and health.

If you are gambler don't forget: You can only win by giving up gambling

Giving up and winning are not the same. If it's about winning and giving up then it's about winning against addiction and that's what you're reiterating and I do agree with you.
But if it's about winning sums of money in gambling, there's no way to stop a person that has seen the potential amount that he can win for the first try and then later on won huge money which makes him to be pursuant with it.

You missed the intention of that last Sentence.

If you are gambler don't forget: You can only win by giving up gambling

This message refers to how we manage to lose in gambling each time we play and that is much higher than how much we gonna win.
Even if you compute the totality of win and lose then you'll find that its about 10/90 win lose.

So what he meant is that Giving up gambling will end your losing chances and in the end you are a winner by choice .

thats the deeper part of what he intended to explain.

[nakamura12]

if he didn't intend to get back the money he lose through gambling then he wouldn't have debts to pay later on. The meaning in that statement is what makes gamblers lose less if ever a person already bet some money. I even call myself a gambler even if some people think that I only bet small amount. The highest amount of money I lose in one bet didn't even reach $5 if you converted it to dollar.

[coin-investor]

After becoming addicted to online casino games in March last year, he lost £40,000 in the space of a month, losing half of that in just one night.

After losing that money too, he found himself in massive debt, and contemplated taking his own life.

https://www.mirror.co.uk/news/uk-news/man-lost-20000-one-night-24067466

I don't know why they are caught up in this moment but I think people know the risks yet they still try. Was it appropriate for him to call the gambling firm wrong or he was right? (See the last part of the article or better read the 3 mins. article instead)

Yes, they know the risk but once they are playing they forget the risk, and once they tasted winnings in the first round of playing they are soon tempted to play more until they lose and promise to get back what they lost the next day, and they keep doing this and promising every day until they lose everything, it's his lack of control, not the gambling site, a gambling site will not question your capability they will just warn you.

[wildan88]

For one person, the money in this story can be a significant amount, but believe me, this is a relatively small example. There are stories of people who have gambled millions online and then had to sell houses and other properties. Then this is still a low amount. However, if you have used all your bank balance, it does hurt for a while. It can also be a great learning opportunity to stop gambling right now. Admittedly; that's easier said than done.

[maydna]

if he didn't intend to get back the money he lose through gambling then he wouldn't have debts to pay later on. The meaning in that statement is what makes gamblers lose less if ever a person already bet some money. I even call myself a gambler even if some people think that I only bet small amount. The highest amount of money I lose in one bet didn't even reach $5 if you converted it to dollar.

It is not easy to repay the debts, and it is better we don't try that, especially if we use the money to gamble. The risk of losing that money will be bigger, and if we lose, how can we repay that money? We need to prevent big losing money in gambling, so we don't have to become like that man who loses too much money. We must learn from that man for our good to have that money for other things.

[meser#]

I've seen a lot of people who are addicted to gambling. They aren't  just gambling addicts, they are addicted to adrenaline , many of them addicted to winning, addicted to risky situation. Many of them seeing gambling as a saviour. They dont realise one inetivable thing: At the end they will damaged themself as psychologically. Money can buy everything except time and health.

If you are gambler don't forget: You can only win by giving up gambling

Giving up and winning are not the same. If it's about winning and giving up then it's about winning against addiction and that's what you're reiterating and I do agree with you.
But if it's about winning sums of money in gambling, there's no way to stop a person that has seen the potential amount that he can win for the first try and then later on won huge money which makes him to be pursuant with it.

You missed the intention of that last Sentence.

If you are gambler don't forget: You can only win by giving up gambling

This message refers to how we manage to lose in gambling each time we play and that is much higher than how much we gonna win.
Even if you compute the totality of win and lose then you'll find that its about 10/90 win lose.

So what he meant is that Giving up gambling will end your losing chances and in the end you are a winner by choice .

thats the deeper part of what he intended to explain.

You have pretty much explained it correctly. The missing piece is psychologically mood. You know If you are losers at gambling its mean you're definitely loser and you know it. But if you are a winner you win money but also you are loser but you dont know it. If you are a winner, without realising you will start to losing your patience, feeling of satisfaction and maybe even anger management. Thats what gambling sector wants to do exactly.

If you are saying what is he bullshitting just remember how do you feel when u lost your money. And probably you wanted to get back your loses and you lose couple times more.Most of the gamblers don't realise that they are not betting just with their wallet also they are betting with their psychological mood. Best possibility for being winner is dont play

[Tumanggor]

After becoming addicted to online casino games in March last year, he lost £40,000 in the space of a month, losing half of that in just one night.

After losing that money too, he found himself in massive debt, and contemplated taking his own life.

https://www.mirror.co.uk/news/uk-news/man-lost-20000-one-night-24067466

I don't know why they are caught up in this moment but I think people know the risks yet they still try. Was it appropriate for him to call the gambling firm wrong or he was right? (See the last part of the article or better read the 3 mins. article instead)

gambling addiction leads a person to misery
a delusional victory, making a gambling addict unknowingly spend all his money

sad to read the man's story, despair made him want to end his life
I hope he can return to normal life soon and start planning his life from scratch well and slowly

[hahay]

if he didn't intend to get back the money he lose through gambling then he wouldn't have debts to pay later on. The meaning in that statement is what makes gamblers lose less if ever a person already bet some money. I even call myself a gambler even if some people think that I only bet small amount. The highest amount of money I lose in one bet didn't even reach $5 if you converted it to dollar.

It is not easy to repay the debts, and it is better we don't try that, especially if we use the money to gamble. The risk of losing that money will be bigger, and if we lose, how can we repay that money? We need to prevent big losing money in gambling, so we don't have to become like that man who loses too much money. We must learn from that man for our good to have that money for other things.

Well borrowing money to gamble isn't really the way to go anyway, but if it's just a small amount of money that we can at least pay off with a full time job, I guess that shouldn't be a problem either. But when it becomes a habit then of course it will be dangerous too, losing money in a short time will be very easy and it does not only apply in gambling. So, make a deeper consideration if you want to spend a lot of money on gambling, always having a spending limit on gambling can be the best way to keep your financial management under control.

[Quidat]

if he didn't intend to get back the money he lose through gambling then he wouldn't have debts to pay later on. The meaning in that statement is what makes gamblers lose less if ever a person already bet some money. I even call myself a gambler even if some people think that I only bet small amount. The highest amount of money I lose in one bet didn't even reach $5 if you converted it to dollar.

It is not easy to repay the debts, and it is better we don't try that, especially if we use the money to gamble. The risk of losing that money will be bigger, and if we lose, how can we repay that money? We need to prevent big losing money in gambling, so we don't have to become like that man who loses too much money. We must learn from that man for our good to have that money for other things.

Well borrowing money to gamble isn't really the way to go anyway, but if it's just a small amount of money that we can at least pay off with a full time job, I guess that shouldn't be a problem either. But when it becomes a habit then of course it will be dangerous too, losing money in a short time will be very easy and it does not only apply in gambling. So, make a deeper consideration if you want to spend a lot of money on gambling, always having a spending limit on gambling can be the best way to keep your financial management under control.

A very suicide thing to be done by someone who would consider on taking a loan just because he do want to play gambling? You are just making things complicated and possible big problem is really on high chance to happen which might really end up for you to go suicide when those who give you loan
would really hunt you down in the time where you do need to repay.You shouldnt consider out this kind of option because you would eventually
be putting yourself into big trouble. Play on the money that you can afford to lose and that would be just an extra or spare that you do had.

[SaShiRaJaVu]

A very suicide thing to be done by someone who would consider on taking a loan just because he do want to play gambling? You are just making things complicated and possible big problem is really on high chance to happen which might really end up for you to go suicide when those who give you loan
would really hunt you down in the time where you do need to repay.You shouldnt consider out this kind of option because you would eventually
be putting yourself into big trouble. Play on the money that you can afford to lose and that would be just an extra or spare that you do had.

There are many that gamble like that and some of the countries have strict law against gambling is because they know that it can destroy life if you have someone who is an addict and they would literally gamble their entire life savings hoping that he would recover from the mess and financial issues and end up loosing everything.

I know a user here who gambled huge number of Bitcoin when he was drunk and when you are not in good physical condition never gamble especially if you are intoxicated .