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

[pauloaragaomelo]

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.

Greed dominates bad behavior that is difficult to control for gambling addicts, there is no instant way to stop greedy behavior but you stop gambling activities temporarily so that you can control your brain and lust.

[btc78]

If you have a lot of money like $20,000 do not gamble it is a bad combination. If you do not have a lot of money then do not gamble. Only gamble what you can afford to lose is a common saying but I would say only gamble a % of what you can afford to lose to stop you from losing all that money.

that is the problem for the mentioned person because that 20k euro amount seems like his Lifetime funds but he decides to gamble and that means stupidity right?

then the problem is why it looks like people are concern about his stupid idea when he losses, but no one will care if he wins.

this story has just been exaggerated but the truth is this is just like many gambling addict experience and story.

[Silberman]

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.

This is something that happens a lot, a person thinks that they have figured out how to make money at gambling and they decide to keep doing it just because they expect to get benefits out of it instead of doing it because they are obtaining entertainment, and this can be a very difficult spot to be in because as soon as your luck begins to turn against you then anxiety is going to begin to creep in and you are bound to make mistakes, and then when you lose money you are going to want to recover it and you are going to take unacceptable risks in order to do so.

[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.

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 .

When you can use gambling moderately, you will not get a big loss. Chasing your losses will only give you more loss and that means you can not gambling with control instead use your money to recover the losses.
We should treat gambling as it was so we do not lose too much money and know when our time is enough to play gambling.

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.

When your purpose playing gambling is because wanting to win the games, you will not have a big chance to win.
You will get more and more losses, especially if you have greediness to chasing the next winning.
I agree about learning how to use the limit so we do not have a big hope to win, although many people will always want to win from gambling.

[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 

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.

Hmm ... maybe I don't have a good enough estimate of the average income of the British, okay. But from your calculations it turns out that this gambler clearly does not belong to the class of ordinary workers, because despite the current expenses, the high cost of living, etc. he had vacant £ 20k to lose overnight at the casino, right? Accordingly, I can assume that this loss was not critical for him.

[Silberman]

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.

Hmm ... maybe I don't have a good enough estimate of the average income of the British, okay. But from your calculations it turns out that this gambler clearly does not belong to the class of ordinary workers, because despite the current expenses, the high cost of living, etc. he had vacant £ 20k to lose overnight at the casino, right? Accordingly, I can assume that this loss was not critical for him.

In the article it is stated that he lost a total of £40k pounds of which £10k came from borrowing from friends, family and banks, the rest came from a property that he had sold, so fortunately for him he's not so heavily indebted and even if he has an average job he should be able to bounce back as long as he doesn't make another mistake, however losing so much money in one single night even for a reasonably wealthy person is is still incredibly painful.

[dunfida]

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.

Hmm ... maybe I don't have a good enough estimate of the average income of the British, okay. But from your calculations it turns out that this gambler clearly does not belong to the class of ordinary workers, because despite the current expenses, the high cost of living, etc. he had vacant £ 20k to lose overnight at the casino, right? Accordingly, I can assume that this loss was not critical for him.

In the article it is stated that he lost a total of £40k pounds of which £10k came from borrowing from friends, family and banks, the rest came from a property that he had sold, so fortunately for him he's not so heavily indebted and even if he has an average job he should be able to bounce back as long as he doesn't make another mistake, however losing so much money in one single night even for a reasonably wealthy person is is still incredibly painful.

There's always a way for a problem to be solved but you should first solved out your addiction on where you wouldnt really play for a while and focusing on repaying those debts and since you do have some work

and some businesses then you might able to resolve it in no time.Its just a matter of dedication and seriousness of quitting gambling and fixed everything that had been mainly affected by such mistake

that you had done in the past.It might sound easy but its not since its neither you would able to get away or get rid with the addiction or would fail to do so.

[bryant.coleman]

In the article it is stated that he lost a total of £40k pounds of which £10k came from borrowing from friends, family and banks, the rest came from a property that he had sold, so fortunately for him he's not so heavily indebted and even if he has an average job he should be able to bounce back as long as he doesn't make another mistake, however losing so much money in one single night even for a reasonably wealthy person is is still incredibly painful.

This may sound harsh, but sometimes heavy financial losses are necessary to wean off gambling addicts from this habit. Hopefully he has learnt the lesson, and will never again involve himself with such behavior. And as you mentioned, it is not a life-threatening amount. The article also states that he has managed to kick the habit, after getting himself treated Cardiff-based at the Footsteps to Recovery institution. So eventually, this loss did something good to him. If he hasn't lost this amount, would he agree to the treatment?

[ethereumhunter]

There's always a way for a problem to be solved but you should first solved out your addiction on where you wouldnt really play for a while and focusing on repaying those debts and since you do have some work

and some businesses then you might able to resolve it in no time.Its just a matter of dedication and seriousness of quitting gambling and fixed everything that had been mainly affected by such mistake

that you had done in the past.It might sound easy but its not since its neither you would able to get away or get rid with the addiction or would fail to do so.

If that person has an addiction to gambling and other problems that can make him in trouble, he needs to solve his gambling problem as he can play more to distract the other problem that come to him. I agree that it is just a matter of seriousness for him not to playing gambling forever and that can happen if only he realizes that gambling can not make him happy instead of giving the other problem.

Getting rid of the addiction will not be easy, especially if he is heavy addicted to gambling and that will be more difficult if he does not have other people who can support him to get out from the addiction. If he can solve his gambling addiction, he will get the other way to solve the other problem.

[hahay]

In the article it is stated that he lost a total of £40k pounds of which £10k came from borrowing from friends, family and banks, the rest came from a property that he had sold, so fortunately for him he's not so heavily indebted and even if he has an average job he should be able to bounce back as long as he doesn't make another mistake, however losing so much money in one single night even for a reasonably wealthy person is is still incredibly painful.

This may sound harsh, but sometimes heavy financial losses are necessary to wean off gambling addicts from this habit. Hopefully he has learnt the lesson, and will never again involve himself with such behavior. And as you mentioned, it is not a life-threatening amount. The article also states that he has managed to kick the habit, after getting himself treated Cardiff-based at the Footsteps to Recovery institution. So eventually, this loss did something good to him. If he hasn't lost this amount, would he agree to the treatment?

At least there will always be good things after suffering and I think that treatment only happened because he had a big loss. That is, if he does not suffer a major defeat then it is unlikely that treatment will be possible, because the treatment he is doing is only for a recovery, perhaps because he is not ready for the defeat. Well, this incident can at least give a lesson to many people as well and not only for himself, having a lot of money doesn't mean we can spend it quickly because in gambling we have to be aware of the time to stop even though we still have money in our pockets.

[Sithara007]

At least there will always be good things after suffering and I think that treatment only happened because he had a big loss. That is, if he does not suffer a major defeat then it is unlikely that treatment will be possible, because the treatment he is doing is only for a recovery, perhaps because he is not ready for the defeat. Well, this incident can at least give a lesson to many people as well and not only for himself, having a lot of money doesn't mean we can spend it quickly because in gambling we have to be aware of the time to stop even though we still have money in our pockets.

Severe addiction to anything needs to be considered as mental disease. However the majority of the gamblers doesn't believe that gambling addiction needs treatment and by the time they take help, it is too late. Early diagnosis and treatment can save the gambler from complete financial ruin. A lot of people say that it is the duty of the casinos (both online and offline varieties) to help such people. But I disagree. There is nothing that the casinos can do about it, if the individual himself refuses help.

[Desmong]

-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.

It's never a pity to me cause he might lost more than such amount of money and also gained more that is greater than what he had lost. We have investors gamblers who can gamble with more $50k and even more without shaking or having phobia of losing their funds because they'll have what it takes. I have someone that gambled with $1m and make more than $3m just within few hours.

[7788bitcoin]

~
It's never a pity to me cause he might lost more than such amount of money and also gained more that is greater than what he had lost. We have investors gamblers who can gamble with more $50k and even more without shaking or having phobia of losing their funds because they'll have what it takes. I have someone that gambled with $1m and make more than $3m just within few hours.

In gambling anything is possible and there are instance where people gamble with what they have hoping to win big and that needs to stop and if people are that stupid they need treatment.

Loosing £20,000 in a minute is not a huge deal when you are gambling online and the instance here is that someone lost money due to his addiction and so is the reason this topic even started and everyone is discussing about how to deal with situation like these and it is time that we lock this thread  .

[fortunecrypto]

If you have a lot of money like $20,000 do not gamble it is a bad combination. If you do not have a lot of money then do not gamble. Only gamble what you can afford to lose is a common saying but I would say only gamble a % of what you can afford to lose to stop you from losing all that money.

Unfortunately for a man who gambles excessively there is no small or big amount, he'll take it and promise himself that he will double it, this is the reason why those who are addict to gambling are taking loans and selling all his stuff because he believes he can get back all his losses he thinks that his winning days will come back and recover all his losses, this is a blind belief and many gamblers have it.

[Hamphser]

If you have a lot of money like $20,000 do not gamble it is a bad combination. If you do not have a lot of money then do not gamble. Only gamble what you can afford to lose is a common saying but I would say only gamble a % of what you can afford to lose to stop you from losing all that money.

Unfortunately for a man who gambles excessively there is no small or big amount, he'll take it and promise himself that he will double it, this is the reason why those who are addict to gambling are taking loans and selling all his stuff because he believes he can get back all his losses he thinks that his winning days will come back and recover all his losses, this is a blind belief and many gamblers have it.

This is true! Minding off such thing is not part of their vocabulary but instead they would just mind that as long they do have money into their pockets to spend they would surely continue to play gambling..

When we do talk about potential losses on gambling field then it would be sky is the limit and this is where people should really watch out because if you dont mind about the risk then possible losses

will really be that a major problem into your life not only affecting finances but also affecting your relationship into your loved ones.So better be careful and watchful.

[crzy]

If you have a lot of money like $20,000 do not gamble it is a bad combination. If you do not have a lot of money then do not gamble. Only gamble what you can afford to lose is a common saying but I would say only gamble a % of what you can afford to lose to stop you from losing all that money.

Unfortunately for a man who gambles excessively there is no small or big amount, he'll take it and promise himself that he will double it, this is the reason why those who are addict to gambling are taking loans and selling all his stuff because he believes he can get back all his losses he thinks that his winning days will come back and recover all his losses, this is a blind belief and many gamblers have it.

This is too much addiction and should address the right way because if all of this negative things are into that gambler, he might be on a suicide attempt. Losing such money is already a big problem especially if you just borrow that funds, addictions is not good at all this is one of the enemy of every gambler and fortunately most of the gamblers knows what to do for them not to get addict, we have to do everything not to fall on this gambling trap.

[Viscore]

If you have a lot of money like $20,000 do not gamble it is a bad combination. If you do not have a lot of money then do not gamble. Only gamble what you can afford to lose is a common saying but I would say only gamble a % of what you can afford to lose to stop you from losing all that money.

Unfortunately for a man who gambles excessively there is no small or big amount, he'll take it and promise himself that he will double it, this is the reason why those who are addict to gambling are taking loans and selling all his stuff because he believes he can get back all his losses he thinks that his winning days will come back and recover all his losses, this is a blind belief and many gamblers have it.

This is too much addiction and should address the right way because if all of this negative things are into that gambler, he might be on a suicide attempt. Losing such money is already a big problem especially if you just borrow that funds, addictions is not good at all this is one of the enemy of every gambler and fortunately most of the gamblers knows what to do for them not to get addict, we have to do everything not to fall on this gambling trap.

It is, in the first place, borrowing money just to gamble is never a good idea, unless you operate a gambling site where most likely you'll be profitable in the long run. This is gambling where we don't have the advantage, so we should be realistic and stick with the principle of not risking money more than we can afford to lose.

If one can afford to lose £20,000 in one night, then it should not be a problem for him, but for the majority of the gamblers, £20,000 is just too much to lose, some will have to pay it for the rest of their lives due to one-night mistake.

[Silberman]

In the article it is stated that he lost a total of £40k pounds of which £10k came from borrowing from friends, family and banks, the rest came from a property that he had sold, so fortunately for him he's not so heavily indebted and even if he has an average job he should be able to bounce back as long as he doesn't make another mistake, however losing so much money in one single night even for a reasonably wealthy person is is still incredibly painful.

This may sound harsh, but sometimes heavy financial losses are necessary to wean off gambling addicts from this habit. Hopefully he has learnt the lesson, and will never again involve himself with such behavior. And as you mentioned, it is not a life-threatening amount. The article also states that he has managed to kick the habit, after getting himself treated Cardiff-based at the Footsteps to Recovery institution. So eventually, this loss did something good to him. If he hasn't lost this amount, would he agree to the treatment?

To me it doesn't sound harsh at all, that is just life, I have always preferred to learn from the mistakes of others as it is easier and let's be honest it is cheaper as well, however sometimes we need to make our own mistakes and unfortunately those mistakes can be very costly, not only in terms of money but in terms of the time, energy and even the relationships that we lose, however those are the lessons that we learn by heart because the next time that something like that happens to us we are going to remember all of what we lost and we're going to do everything in our power to stay away from that situation.

[seleme]

If you have a lot of money like $20,000 do not gamble it is a bad combination. If you do not have a lot of money then do not gamble. Only gamble what you can afford to lose is a common saying but I would say only gamble a % of what you can afford to lose to stop you from losing all that money.

Unfortunately for a man who gambles excessively there is no small or big amount, he'll take it and promise himself that he will double it, this is the reason why those who are addict to gambling are taking loans and selling all his stuff because he believes he can get back all his losses he thinks that his winning days will come back and recover all his losses, this is a blind belief and many gamblers have it.

This is too much addiction and should address the right way because if all of this negative things are into that gambler, he might be on a suicide attempt. Losing such money is already a big problem especially if you just borrow that funds, addictions is not good at all this is one of the enemy of every gambler and fortunately most of the gamblers knows what to do for them not to get addict, we have to do everything not to fall on this gambling trap.

It is, in the first place, borrowing money just to gamble is never a good idea, unless you operate a gambling site where most likely you'll be profitable in the long run. This is gambling where we don't have the advantage, so we should be realistic and stick with the principle of not risking money more than we can afford to lose.

If one can afford to lose £20,000 in one night, then it should not be a problem for him, but for the majority of the gamblers, £20,000 is just too much to lose, some will have to pay it for the rest of their lives due to one-night mistake.

This is not the first time I saw similar mistakes on online gambling, you are one click away to put all your life savings on the gambling website. Some guys also took money from a family bank account and risk the whole money to chase the losses on the previous dead session, the end is obvious. Gambling shouldn't be a place we chase money instead of looking for fun, the brutal days happen due to the lack of deposit limits. The site shouldn't let the gambler deposit the bigger amounts compared to the previous deposit history and bank accounts shouldn't be able to send money over 10k to the gambling accounts. This is more complex on crypto casinos, unfortunately. What you can win is capped to 5000x but you can loss unlimited money which limited to your savings..

[gagux123]

Look... I confess that I would never have imagined that a person could become addicted to gambling!!!
Unfortunately, that's too much is dangerous!

But I believe that for everything we have a solution.
The best way is to talk to someone in your family (or a trusted person) to be able to give you support and help to get out of this addiction!