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

[Dread Pirate Roberts]

Getting addicted to gambling is very bad. I wondered how this man would lose such huge Amount in one night. He will definitely regret this for the rest of his life. He  probably wanted to win big, but ended up losing £20,000.

If you like to see gambling streamers like ayezee. Xposed , trainwreck and many other streamers in gambling . I think 10k-50k its pretty normal for high roller gambling. I don't know who lost this 20k and how his finances are. Everyone has a different way of looking at the cost of gambling. agree with KTCchampions . number its objective.

[tabas]

I won't say "that's just money". We don't know how he worked hard for that but it's also his fault for gambling that amount within a quick time frame.
The impact mentally that it has given will be there but if he wants to recover, he shouldn't let that disappoint put him into that situation forever since there's still a way to recover it through working and other legitimate means.

To be objective, this amount is not critical for developed countries. In fact, this is income for 5-6 months (I can be wrong, but not much). Therefore, I would agree with the statement that it is just money. They can be earned again. And by the way, everyone who, for example, did not buy Bitcoin or Ethereum cheaply has potentially lost much more  

You have the point but I'm detailing about the pointer about that "it's just money". Well, with such amount, if you're okay to lose 5-6 months of your income within a single night within a few minutes, that's still would hurt you. But you have to carry that on and just move on after wards and it's true that you can earn that again.

[KTChampions]

To be objective, this amount is not critical for developed countries. In fact, this is income for 5-6 months (I can be wrong, but not much). Therefore, I would agree with the statement that it is just money. They can be earned again. And by the way, everyone who, for example, did not buy Bitcoin or Ethereum cheaply has potentially lost much more  

You have the point but I'm detailing about the pointer about that "it's just money". Well, with such amount, if you're okay to lose 5-6 months of your income within a single night within a few minutes, that's still would hurt you. But you have to carry that on and just move on after wards and it's true that you can earn that again.

Once I started a business and worked quite hard (at first things were going well) but after a year of work I had to close it and I realized that I have as much as I had when I opened this business. Thus, you can say that I lost a whole year 
And this is true, in fact, such a loss is not much different from a quick loss in a casino. By the way, I can't say that I really regret it - in order to succeed, we must take risks and temporary losses are inevitable. Perhaps that player reasoned in a similar way, another thing is that a casino is not the best place to give fate a chance since having received a win in a casino, you have nothing but money, but in the case of a business, if you are lucky you get a system that will be guaranteed to bring you income for a long time.

[ene1980]

To be objective, this amount is not critical for developed countries. In fact, this is income for 5-6 months (I can be wrong, but not much). Therefore, I would agree with the statement that it is just money. They can be earned again. And by the way, everyone who, for example, did not buy Bitcoin or Ethereum cheaply has potentially lost much more 

The annual salary will be around £ 30,000 and loosing £20,000 is a huge amount in any developed country and even if you have a good bank balance it can derail your plans. What you are saying is not even hypothetical, how can someone loose anything if they did not even invest to begin with, what kind of logic is that and no one will calculate their profit loss percentage like that  .
  

[Rengga Jati]

-snip-

If we count from the annual salary, of course, this is a big amount.
But, if those are those who are often gambling in huge amounts, win and lose several times, it may be usual for them.
however, whatever condition of the gambler that lost that high amount, I think that losing that big amount is very a pity, maybe he thinks he will immediately get his luck and multiply his money. But what happens otherwise, actually loses that much money.

[KTChampions]

To be objective, this amount is not critical for developed countries. In fact, this is income for 5-6 months (I can be wrong, but not much). Therefore, I would agree with the statement that it is just money. They can be earned again. And by the way, everyone who, for example, did not buy Bitcoin or Ethereum cheaply has potentially lost much more  

The annual salary will be around £ 30,000 and loosing £20,000 is a huge amount in any developed country and even if you have a good bank balance it can derail your plans. What you are saying is not even hypothetical, how can someone loose anything if they did not even invest to begin with, what kind of logic is that and no one will calculate their profit loss percentage like that  .

Ez  
For example, in the era of ICO, many participants in this forum received tens of thousands of dollars for performing simple actions or for wearing a signature. How could you lose this easy money? Sometimes it was an exit from an asset at the wrong time, sometimes on the contrary - you remained in the asset and it became very cheap. This happened to me several times, so I do not look back (take care of my psyche)   but the fact remains - potentially I lost a huge amount of money.
When I wrote that message, I kept this script in my head, so maybe you did not understand me.

[Silberman]

I don't think you can still be a responsible gambler even though you lose too much money on gambling.

The way I see it, you can be a responsible gambler only if you don't lose more than you can afford to. Losing too much money means you are pretty addicted to gambling. There is no way I can view this as being responsible. It sounds more like an excuse.

This is what is happening to most of the gamblers that is why we all them as irresponsible gamblers.

They are spending money way more than what they can afford to lose on gambling thus, they are becoming irresponsible and sometimes they are getting addicted into it because they are times that they want to recover the money that they lose. I agree with what you said that the more you lose, the more you addicted into it. If you know what your limits then you will not put yourself into a point where you will lose all of your money.

Well, it is what it is. People wants money that is why they are willing to spend more just to have more money :X.

What happens is that a great deal of the people are in self-denial, they want to think of themselves as responsible gamblers but when you actually ask them what is what they do to be considered to be a responsible gambler they do not really have an answer for it, they want to be recognized as one but they do not make any effort in order to reach that goal, which means that they lose way more money than what they should, but since they do not keep track of that money at all then they like to think that everything is under control when in fact they are just one step away of losing complete control over their gambling.

[Fatunad]

-snip-

If we count from the annual salary, of course, this is a big amount.
But, if those are those who are often gambling in huge amounts, win and lose several times, it may be usual for them.
however, whatever condition of the gambler that lost that high amount, I think that losing that big amount is very a pity, maybe he thinks he will immediately get his luck and multiply his money. But what happens otherwise, actually loses that much money.

When it comes to financial status then everyone would really be different into that manner which simply means that we do have different allocation or percentage that we do make use in gambling activity.
It might turns out to be that big amount for most people but there are people whom do treat those amounts to be small until they do hit up into a point on where big money is already lossing which
majority could really give out negative sentiments about on what they had experience but actually its none of our business on how much a person could spend into their gambling
because its their money to burnt out even though its just really a waste to think of about those money being wasted but just let them be.

[rhomelmabini]

-snip-

If we count from the annual salary, of course, this is a big amount.
But, if those are those who are often gambling in huge amounts, win and lose several times, it may be usual for them.
however, whatever condition of the gambler that lost that high amount, I think that losing that big amount is very a pity, maybe he thinks he will immediately get his luck and multiply his money. But what happens otherwise, actually loses that much money.

Well, he got out of control and just caught up on what emotion he feels on that moment. The only reason is that he thinks he can get it if he chase the losses but it's undeniable that if we chase losses the more we get it, it's like we are in law of attraction moment. That is a huge amount to be honest and he can't get it in a monthly salary yet he risks it in one day, a pity one. This is just an eye opener to everyone and that's just an expensive lesson he must take.

[Ultegra134]

No, he won't regret that for the rest of his life. He will regret it temporarily but he won't bring that forever, he might bring that for a long time but I doubt that he's going to regret that forever.
He's going to remember how reckless he was and that's for sure.

That's just money, you can earn money but if you lose your health because you can't live a normal life anymore, that's bigger than the money you lose. Losing big money is not good, but we can always move on and live our life, try to improve our life financially by working hard, and be positive going forward.

There are gamblers who lose a lot of money due to addiction, but eventually, they beat the addiction and live a normal life, some people even still able to return in gambling but more responsible.

I won't say "that's just money". We don't know how he worked hard for that but it's also his fault for gambling that amount within a quick time frame.
The impact mentally that it has given will be there but if he wants to recover, he shouldn't let that disappoint put him into that situation forever since there's still a way to recover it through working and other legitimate means.

Of course it's not just money, 20.000 pounds is at least 2-3 years of work here, taking into account the difference in wages between countries. It's a huge amount of money to lose in just night, it's more than 1/2 of the average annual salary in the UK.

I find it ridiculous that someone risked so much money in gambling.

[fortunecrypto]

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)

He is not guided and has no control of himself he is like a timebomb waiting to explode, this is what usually happens if you won a big amount of money on your first try playing, you thought it's all easy and you just need a big bankroll, this is what a guy told me that I always regain my losses by using a martingale strategy, which old gamers know that cannot be trusted, always do your research if one guy told you a strategy to win in gambling.

[freedomgo]

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)

He is not guided and has no control of himself he is like a timebomb waiting to explode, this is what usually happens if you won a big amount of money on your first try playing, you thought it's all easy and you just need a big bankroll, this is what a guy told me that I always regain my losses by using a martingale strategy, which old gamers know that cannot be trusted, always do your research if one guy told you a strategy to win in gambling.

That doesn't go that way all the time, for some, even if they are already experienced in gambling but they still make big mistakes. I read some article before that a man working in a big company with a high position has slowly stolen money from the company because of gambling, it was only found out when there's an audit, so anyone could really make mistakes but anyone who makes mistake should take responsibility and be a man.

[Desmong]

Unfortunately, addiction does just that. There are no limits for an addicted person. As in this case, people go into debt as long as they can, because they still believe that there will be a big win that will allow them to pay off all their debt. Unfortunately, this is not happening in most cases. The only way out is, as this guy did, admit that you are addicted and seek help from specialists.

They've been trap in the mindset and urges that if they tried to play again for another chance they will get back the amount that they lost. Trying their luck and lucky time came they win at first and then trying again believing that they will gonna win again but all the amount that they brought on the gambling site losted again and worst they fell into debt, additional debt. I think I saw this kind of scenario in the movies but I know this is happened in the real life situation. I felt bad to those being trapped with this.

This is not a matter of addiction or what so ever. This is gambling and anything can happen anytime, even that most successful gamblers do make loses cause everyday is not meant to be rosy. There would be good days and bad days. We never know how much he had made from gambling, so for the fact that he lost such an exorbitant amount of funds makes some persons to over think claiming gambling is evil, full with a lots if bad addictions which is never true.

 Everything is controllable except if there is an external forces acting on the person. Rich gamblers do gamble with big funds and when they lose, they will humbly leave cause they Know that tomorrow might be much more better.

[ene1980]

~
Ez  
For example, in the era of ICO, many participants in this forum received tens of thousands of dollars for performing simple actions or for wearing a signature. How could you lose this easy money? Sometimes it was an exit from an asset at the wrong time, sometimes on the contrary - you remained in the asset and it became very cheap. This happened to me several times, so I do not look back (take care of my psyche)   but the fact remains - potentially I lost a huge amount of money.
When I wrote that message, I kept this script in my head, so maybe you did not understand me.

I failed to get into your head to understand the script  . Everyone had those times when your coins rallies 1000% and you kept holding them longer thinking that it will rally further and then the market taking everything you think you made down the drain making it worthless. This is an experience everyone had during the ICO hype and i also went through the same feeling as yours and i am sure many went through that, but truth is i made my profits but failed to book huge profits in some of the hyped up projects in time, but if i started thinking as potential amount i might have gone through depression  .

[Rengga Jati]

-snip-

Exactly it will depend on the financial status of everyone who plays gambling at all. And we may be different.
However, in this case, Is it true that someone who is rich (or that man) is used to or not a problem when losing money like that much in gambling?

Well, he got out of control and just caught up on what emotion he feels on that moment. The only reason is that he thinks he can get it if he chase the losses but it's undeniable that if we chase losses the more we get it, it's like we are in law of attraction moment. That is a huge amount to be honest and he can't get it in a monthly salary yet he risks it in one day, a pity one. This is just an eye opener to everyone and that's just an expensive lesson he must take.

Yes, this case really shows us how money and risk management are very important, plus good emotion when gambling. gambling may be fair enough when we know how to gamble wisely and smartly, not only gambling and spending money. From this case, we can see how he might make a mistake, tempted by very high desire, and very high expectation without abling to manage the strategy.

[LUCKMCFLY]

Unfortunately, addiction does just that. There are no limits for an addicted person. As in this case, people go into debt as long as they can, because they still believe that there will be a big win that will allow them to pay off all their debt. Unfortunately, this is not happening in most cases. The only way out is, as this guy did, admit that you are addicted and seek help from specialists.

They've been trap in the mindset and urges that if they tried to play again for another chance they will get back the amount that they lost. Trying their luck and lucky time came they win at first and then trying again believing that they will gonna win again but all the amount that they brought on the gambling site losted again and worst they fell into debt, additional debt. I think I saw this kind of scenario in the movies but I know this is happened in the real life situation. I felt bad to those being trapped with this.

This is not a matter of addiction or what so ever. This is gambling and anything can happen anytime, even that most successful gamblers do make loses cause everyday is not meant to be rosy. There would be good days and bad days. We never know how much he had made from gambling, so for the fact that he lost such an exorbitant amount of funds makes some persons to over think claiming gambling is evil, full with a lots if bad addictions which is never true.

 Everything is controllable except if there is an external forces acting on the person. Rich gamblers do gamble with big funds and when they lose, they will humbly leave cause they Know that tomorrow might be much more better.

You are right, but the point is to know and have the conviction to withdraw from the game on time, but when it is with the effects of alcohol while playing the brain usually transforms into superman, that is why certain conditions must be met to withdraw from the game on time. I play with losses that are not so great.

The bad thing is when he is in a bad streak, the player if he does not have enough self-control, he does not know when he can stop playing, and this is linked to the personality type, because at one point the player forgets the value of money, since he only wants is to win and win, he does not measure consequences, at that moment is when he goes into addiction.

[lixer]

The bad thing is when he is in a bad streak, the player if he does not have enough self-control, he does not know when he can stop playing, and this is linked to the personality type, because at one point the player forgets the value of money, since he only wants is to win and win, he does not measure consequences, at that moment is when he goes into addiction.

In my opinion on both good and bad streaks, gamblers usually do lose self-control. Because, both positive and negative rolls will disturb the balance of emotions of gamblers and when gamblers start losing their control over emotions then they start taking worst decisions like adding more funds to bankroll and then increasing bet amount randomly and then forgetting to generate new paring-seed.

I have seen gamblers lose in thousands on each round still they were in hurry to win so that they believe that they could recover all the losses and may leave the casino with profits. On one occasion, a friend of gambler was trying to understand the worst current situation of gambling, but that gambler refused to listen to his words and followed his own intuitions and lost all his money.

[traderethereum]

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)

He is not guided and has no control of himself he is like a timebomb waiting to explode, this is what usually happens if you won a big amount of money on your first try playing, you thought it's all easy and you just need a big bankroll, this is what a guy told me that I always regain my losses by using a martingale strategy, which old gamers know that cannot be trusted, always do your research if one guy told you a strategy to win in gambling.

Having no control will be his mistake as he does not realize that using more money only leads him to get more losses, which proves that he is losing so much money.
If he can think to stop gambling right after he wins much money from gambling, he will have a chance to enjoy the money and not return to gambling for some time.
But the greediness somehow attracts him to chase the next winning that he can not get instead of getting more losses and losing all of the money.
Recovering the losses will be the difficult thing the gamblers can do because I doubt he can win back all of his money.

[Jackl87]

To be objective, this amount is not critical for developed countries. In fact, this is income for 5-6 months (I can be wrong, but not much). Therefore, I would agree with the statement that it is just money. They can be earned again. And by the way, everyone who, for example, did not buy Bitcoin or Ethereum cheaply has potentially lost much more 

I disagree here. I just googled and according to the internet the average wage for the UK was 29.000 pounds back in 2018 and that was before taxes! So this should be probably around 20k pounds after taxes. So this loss was basically exactly worth one year of wages after taxes for the average british worker. So if we assume that most people also have to pay rent or have to pay back a loan for their house or flat that they own than i would say, it is pretty hard for the average guy to put aside 20k pounds if you have that many running costs each and every months. So i would say that for the average person even in first world countries it is definitely critical to lose 20k pounds in one night. Maybe not in a way that your life is over and you have to sell everything you own but in a way that you need a few years at least to recover from that.

[kotajikikox]

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)

He is not guided and has no control of himself he is like a timebomb waiting to explode, this is what usually happens if you won a big amount of money on your first try playing, you thought it's all easy and you just need a big bankroll, this is what a guy told me that I always regain my losses by using a martingale strategy, which old gamers know that cannot be trusted, always do your research if one guy told you a strategy to win in gambling.

Having no control will be his mistake as he does not realize that using more money only leads him to get more losses, which proves that he is losing so much money.

The biggest mistake of every gambler is to chase losses because almost majority of them only lose more than winning , because gambling must be treated with moderation and not just risking everything for the sake of 1 day winning .

If he can think to stop gambling right after he wins much money from gambling, he will have a chance to enjoy the money and not return to gambling for some time.
But the greediness somehow attracts him to chase the next winning that he can not get instead of getting more losses and losing all of the money.
Recovering the losses will be the difficult thing the gamblers can do because I doubt he can win back all of his money.

Greediness , the attitude that always makes a person loser and addicted.

you want to win in gambling? then learn to limit your expectation and desire first.