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

[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.

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.

Borrowing small money can become bigger if we lose in gambling as we don't know how good our luck is when we play gambling. I hope that will not become a habit because that can make us always borrow the money for playing gambling. Besides that, it is not recommended to playing gambling using borrowing money. It is better to use that money to buy our daily needs or create a business to make money.

[Alisha-k]

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.

Truth about gambling addiction as you have rightly said. But for a man to have lost £20000 it's way beyond addiction has you have pointed out.  After now what's the possibility of the victim to avoid gambling (self exclusion) because addiction is very difficult to stop and how do we advice victims of gambling addiction to help reduce their losses and also help then build a better money management format.

[YuginKadoya]

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.

Truth about gambling addiction as you have rightly said. But for a man to have lost £20000 it's way beyond addiction has you have pointed out.  After now what's the possibility of the victim to avoid gambling (self exclusion) because addiction is very difficult to stop and how do we advice victims of gambling addiction to help reduce their losses and also help then build a better money management format.

I really think people with addiction needs to be tended with proper care and change their mindset they will be the one that may change themselves if not it will surely never stop because an addicted to gambling think that they are not really addicted to it, a compulsive addiction could really turn worst and the only thing that runs to their mind is just giving a shot on playing gambling, and it is hard for them to think that they are losing much because all in their mind they will still recover from that lost and gambling will provide it, I think they need to seek advice from a psychologist in what could be done to his condition.

[yazher]

I really think people with addiction needs to be tended with proper care and change their mindset they will be the one that may change themselves if not it will surely never stop because an addicted to gambling think that they are not really addicted to it, a compulsive addiction could really turn worst and the only thing that runs to their mind is just giving a shot on playing gambling, and it is hard for them to think that they are losing much because all in their mind they will still recover from that lost and gambling will provide it, I think they need to seek advice from a psychologist in what could be done to his condition.

Addictions are scary, it always resulting in something regretful except for the other habits which are helpful like reading books and others. many people fell into this kind of problem where they always waste what consider to others as a huge opportunity. if people know the value of everything they know how to spend it well. whether it is their wealth, time, and health. But there's always be another chance to let go of those kinds of addictions if one has no one to talk to, they can consult someone who knows their current situations.

[dimonstration]

Addictions are scary, it always resulting in something regretful except for the other habits which are helpful like reading books and others. many people fell into this kind of problem where they always waste what consider to others as a huge opportunity. if people know the value of everything they know how to spend it well. whether it is their wealth, time, and health. But there's always be another chance to let go of those kinds of addictions if one has no one to talk to, they can consult someone who knows their current situations.

Thats why we need to determine what we do and spend our money with, some think their too rich or too lucky enough that they will not regret playing gambling. At the end of the day we are the one who makes decisions and being addicted is not a reason . We are the one who should move and decide on what are we going to do. The accessibility of gambling now doesnt mean that we need to put all our money in it.

[SquallLeonhart]

I don't blame the victim rather, it happens regularly and his not the first person, of the victim age is less than 18, that's means he is not strong enough to fight against been addicted, it's very necessary to be careful when playing casino games because its very addictive, I just hope his family will console him while support him from not commiting suicide.

The "victim" is a guy who willingly gambled, I am not saying that it Is an addictive thing but not like this is some drugs situation and that Is why I feel like it Is not the same. I get that it is addiction, gambling addiction is a real thing and requires medical help to get rid of it by some people, that Is understandable however the reality is that we are talking about gambling and not some biological stuff, drugs have physical problems that makes it addictive, cigarettes and even chocolate has those things and when your body wants it then psychologically you are already fighting against your body.

However gambling is not like that, there is nothing going in your body and it Is just your mind, so are they "victims" because they gambled? I am not entirely sure, I wouldn't say they are victims, I feel like if it Is getting too much they should know better to ask for help.

[carlisle1]

Addictions are scary, it always resulting in something regretful except for the other habits which are helpful like reading books and others. many people fell into this kind of problem where they always waste what consider to others as a huge opportunity. if people know the value of everything they know how to spend it well. whether it is their wealth, time, and health. But there's always be another chance to let go of those kinds of addictions if one has no one to talk to, they can consult someone who knows their current situations.

Thats why we need to determine what we do and spend our money with, some think their too rich or too lucky enough that they will not regret playing gambling. At the end of the day we are the one who makes decisions and being addicted is not a reason . We are the one who should move and decide on what are we going to do. The accessibility of gambling now doesnt mean that we need to put all our money in it.

It's all your responsibilities in every actions that you'll going to take, I agree to what your are implying.

Addictions is on the gamblers sides, you can avoid things to happened if you have a good plans before you engage to anything, gambling for sake of entertainment is good to relax out, but too much engagements and having a lots of time to spend plus the money, it will led you to addiction.

Regrets are the next thing that you'll see after losing huge amount of money, best to control or if possible never to proceed if you know to yourself that
you can't handle the pressure.

[abel1337]

Addictions are scary, it always resulting in something regretful except for the other habits which are helpful like reading books and others. many people fell into this kind of problem where they always waste what consider to others as a huge opportunity. if people know the value of everything they know how to spend it well. whether it is their wealth, time, and health. But there's always be another chance to let go of those kinds of addictions if one has no one to talk to, they can consult someone who knows their current situations.

Thats why we need to determine what we do and spend our money with, some think their too rich or too lucky enough that they will not regret playing gambling. At the end of the day we are the one who makes decisions and being addicted is not a reason . We are the one who should move and decide on what are we going to do. The accessibility of gambling now doesnt mean that we need to put all our money in it.

We should be responsible for everything we do with our lives. Our money isn't infinite, Even millionaires got addicted to gambling and lose big chunks of their money, and after losing they will just only figure out that they need to stop or slow down from playing gambling. I believe that every mistake we did is the result of our bad decisions and being addicted to gambling is our decision. Being caught on gambling addiction doesn't mean we can't change, We make or do small steps to slow down our addiction till we get rid of it. Consulting someone and limiting ourselves is one of the best things you can do if you are a gambling addict.

[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.

Truth about gambling addiction as you have rightly said. But for a man to have lost £20000 it's way beyond addiction has you have pointed out.  After now what's the possibility of the victim to avoid gambling (self exclusion) because addiction is very difficult to stop and how do we advice victims of gambling addiction to help reduce their losses and also help then build a better money management format.

I really think people with addiction needs to be tended with proper care and change their mindset they will be the one that may change themselves if not it will surely never stop because an addicted to gambling think that they are not really addicted to it, a compulsive addiction could really turn worst and the only thing that runs to their mind is just giving a shot on playing gambling, and it is hard for them to think that they are losing much because all in their mind they will still recover from that lost and gambling will provide it, I think they need to seek advice from a psychologist in what could be done to his condition.

Everything must start with their consciousness. First of all they need to realise what did they do to them and their relatives. Otherwise how much you push them to take medical help it wont end with success.

One my friend almost killed himself due to gambling debt.   Thanks to Allah we realised before he tried it.  We helped him to get rid of his mental and debt problems. The key was instill the idea that all debts would be settled and that he would be at  fine.

[ethereumhunter]

We should be responsible for everything we do with our lives. Our money isn't infinite, Even millionaires got addicted to gambling and lose big chunks of their money, and after losing they will just only figure out that they need to stop or slow down from playing gambling. I believe that every mistake we did is the result of our bad decisions and being addicted to gambling is our decision. Being caught on gambling addiction doesn't mean we can't change, We make or do small steps to slow down our addiction till we get rid of it. Consulting someone and limiting ourselves is one of the best things you can do if you are a gambling addict.

What you say is right. We must have responsibility for our lives and if we decide to play gambling, we must have control for ourselves so we do not use too big money to gamble. Gambling can make us forget to stop, so controlling ourselves will be necessary before we make a big mistake and never forgive ourselves. We know that if we are playing gambling can make us addicted and once we addicted, that will be difficult to cure the addiction. We already read many stories about a gambler who lose their money in just one night so we really need to take care of our money.

[AicecreaME]

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.

I agree with this.

I mean, if you have to borrow money just to play gambling and work your ass out to pay for the money you borrow, why not just turn it to savings instead? we wanted to earn some money and that's not always possible in gambling, so we should go to the options in where earning money or having money is possible.

Also, borrowing money doesn't mean gambling sites or casinos would take a pity on you because you're a hard-working gambler so they should give you a huge winning, there's no such thing, casinos doesn't even care who you're except for your money.

[blockman]

Truth about gambling addiction as you have rightly said. But for a man to have lost £20000 it's way beyond addiction has you have pointed out.  After now what's the possibility of the victim to avoid gambling (self exclusion) because addiction is very difficult to stop and how do we advice victims of gambling addiction to help reduce their losses and also help then build a better money management format.

There are gamblers that are even losing more than that amount. But with such amounts, that only indicates how can one is willing to gamble with and lose it eventually and then will go back to their normal thinking that they should haven't lose that amount.
That's when the reality knocks that they've lost a lot and if they've won huge amounts, they're not going to realize how lucky they are for winning that amount. Because instead of securing those profits, they're putting it again on the line and then that's when they eventually lose it.

[sujonali1819]

To me it's not a big things in gamble. £20,000 is about less than 1 BTC right now. So I think the many big gamblers deposit more than this amount to do gamble.

For why the words if very familiar in gambling that, only do gamble what you actually afford to lose. To protect money from addiction in gamble , people should not deposit big amount. Because the more big amount the more big pressure create when come a big hand lose, And one time bet all in and lose all fund.

[Ultegra134]

To me it's not a big things in gamble. £20,000 is about less than 1 BTC right now. So I think the many big gamblers deposit more than this amount to do gamble.

For why the words if very familiar in gambling that, only do gamble what you actually afford to lose. To protect money from addiction in gamble , people should not deposit big amount. Because the more big amount the more big pressure create when come a big hand lose, And one time bet all in and lose all fund.

Define "Big gamblers" here. I don't think there are many people who go nuts and bet such amounts, it's pure stupidity and those gamblers you are referring to, aren't that dumb to do that. I hope you're not implying that 20 grand isn't a huge sum of money, just because it's less than one BTC.

That guy was a pure fool, he gambled just because he wasn't feeling mentally okay, I understand that, I've been there, but it's just foolish to let your weaknesses into online gambling.

[traderethereum]

To me it's not a big things in gamble. £20,000 is about less than 1 BTC right now. So I think the many big gamblers deposit more than this amount to do gamble.

For why the words if very familiar in gambling that, only do gamble what you actually afford to lose. To protect money from addiction in gamble , people should not deposit big amount. Because the more big amount the more big pressure create when come a big hand lose, And one time bet all in and lose all fund.

Define "Big gamblers" here. I don't think there are many people who go nuts and bet such amounts, it's pure stupidity and those gamblers you are referring to, aren't that dumb to do that. I hope you're not implying that 20 grand isn't a huge sum of money, just because it's less than one BTC.

That guy was a pure fool, he gambled just because he wasn't feeling mentally okay, I understand that, I've been there, but it's just foolish to let your weaknesses into online gambling.

They just forget to control themselves when they are playing gambling, so they still deposit more money and play for more rounds.
They attract to the deep of gambling because gambling tempts them to still playing gambling and always whisper in their ear that the next round can be their chance to win.
So that makes some gamblers deposit more money and continue playing gambling, but then they do not have any chance to win on that game instead of losing all of the money.
It is no surprise to read the other gambler are losing big money because we know the risk of playing gambling and we know that gambling can make us forget when to stop gambling.

[wxa7115]

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.

While it is true the consequences of his actions cannot be made to disappear it is important that he accepts that he is the one fully responsible for what happened.

If he does not admits this and instead blames the casino or anyone else for what happened to him then there is a high chance this will happen again to him, and if he is in a difficult situation now then it is likely he is going to find himself in an even more difficult situation in the future to the point that he will be unable to get out of it for the rest of his life.

[john_nautica]

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.

While it is true the consequences of his actions cannot be made to disappear it is important that he accepts that he is the one fully responsible for what happened.

If he does not admits this and instead blames the casino or anyone else for what happened to him then there is a high chance this will happen again to him, and if he is in a difficult situation now then it is likely he is going to find himself in an even more difficult situation in the future to the point that he will be unable to get out of it for the rest of his life.

I hope this person handled it in a good way and didn't try to recoup their loss by betting even more in the future. He may have learned a hard and good lesson now, to keep things from going horribly wrong again. With gambling you know that you can win and lose. in both cases people often continue to play. By the way, does anyone have more information about this person who lost 20k?

[Ratash]

Yes online gambling is risky especialy when you start losing money and keep trying to get your lost money and in the end you find your self losing more i lost a considerate amount of money this way i think the best thing to do when you're in a losing streak is to stop gambling for a while to get a fresh start after some time because the pressure make you unstable and cloud your jugment.

[michellee]

Yes online gambling is risky especialy when you start losing money and keep trying to get your lost money and in the end you find your self losing more i lost a considerate amount of money this way i think the best thing to do when you're in a losing streak is to stop gambling for a while to get a fresh start after some time because the pressure make you unstable and cloud your jugment.

Whether it is online or offline gambling, it will have a risk and many people already prove that by losing their money in gambling. If you are still trying to chase your losing money without thinking to stop for a while, you will only lose more money. Once you realize how much money you already lose, you will regret it because that will be big money you already spent on gambling. Stopping gambling as soon as possible is more important than using more money to gamble.

[hahay]

Yes online gambling is risky especialy when you start losing money and keep trying to get your lost money and in the end you find your self losing more i lost a considerate amount of money this way i think the best thing to do when you're in a losing streak is to stop gambling for a while to get a fresh start after some time because the pressure make you unstable and cloud your jugment.

Whether it is online or offline gambling, it will have a risk and many people already prove that by losing their money in gambling. If you are still trying to chase your losing money without thinking to stop for a while, you will only lose more money. Once you realize how much money you already lose, you will regret it because that will be big money you already spent on gambling. Stopping gambling as soon as possible is more important than using more money to gamble.

Basically, gambling without stopping will also not be a problem, because the problem is that you are not good enough to control your emotions. Well, maybe it's true that it's better to stop when you get a losing streak but I think when you go back to gambling it still doesn't guarantee an easy win. So in this case I just believe, when you have had a losing streak and continue to gamble the main thing to avoid is, not to have a target of taking what you have lost because of course it will be a target that will spoil your own focus, gamble calmly because only a good mood will allow you to enjoy gambling.