Never Expect Consistent Winnings From Gambling - A Lesson I Learnt.

[ethereumhunter]

Hopefully, he can learn from his experience and never repeat the same mistake. And if he is already experiencing a gambling addiction, he should ask for help from other people to help him cure his gambling addiction. And that he has to do before he has a new job so it won't make him go back to gambling after getting a new job. If he cannot cure his gambling addiction, it will not make him stop gambling but will only make him sink deeper into gambling because, from his new job, he will be able to earn income to gamble again.

if the person is wise in responding to his problem or the lessons he has learned, he should think about the long term such as curing himself from gambling addiction or if he is not an addict he can go to a psychology doctor to get a solution to improve himself before getting a new job.
because it's only useless if you still have a great desire to gamble when he has got a new job, he can spend all his salary on gambling and it gets worse.

He should have become self-aware of what he's got and know he has a problem that must be cured. But if he can't learn from his experiences or even get deeper into gambling, no one can help him and he will only get worse from gambling.

When someone has money, is used to gambling, and has no self-control, he will only use that money to gamble. He will not think about his life or start a new life without gambling. Maybe someone else should stay with him while he's at home or out and about so that person can keep an eye on what he's doing. And if he wanted to gamble, that person would pull him elsewhere.

[Webetcoins]

It is said that it's only a rumour but it is not true because if it is then that guy will never experience a loss later on but maybe this is the consequence? I've read similar stories before about witchcrafts and selling your soul to devil has a price to pay. If only that guy did not ignore it and arrange himself later on, he will still carry his wealth.

I don't think the guy is simply lucky. We all can experience to be lucky but there is no way that our luck will continue for several days but what usually happen is that we can only win on the first day and then lose at the second or third day. Also the winnings that we can take home isn't that big because we already know what can happen when we try to make more.

Such stories are nothing more than rubbish, witches can't make you lucky or make you win in gambling, your luck and your destiny can't be changed that way. And it does happen when you become lucky and win consecutively for a few days and that is when you start thinking that it might work even after all those days.

But what happens is that you start losing after that winning streak which is always going to happen since it's gambling and it's based on your luck, and no one in the world in my opinion can be lucky all the time in their lives.

[Mauser]

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

Sorry to hear that your friend lost everything, but this doesn't come as a surprise to me. Gambling is not a profession that can be used a full time job in my opinion. We all know that casino games are designed in a way to guarantee the casino is making long term. The so called house edge can be found in almost every game and means that if the number of gamblers and games played is large enough the winnings will be close to the expected values, which are positive for the casino and negative for the gamblers. The randomness aspect of gambling of course means that there can be winning and losing streaks, but this is not going to be the norm. Also there is no real winning chance for most of the casino games, so we can't rely on gambling as consistent form of income. It's good that your friend is looking for a normal job again and tries to get life in order. Hopefully he has learned his lesson and will use gambling in the future as a form of entertainment and not as form to reliable income.

[mm2543363580]

It is said that it's only a rumour but it is not true because if it is then that guy will never experience a loss later on but maybe this is the consequence? I've read similar stories before about witchcrafts and selling your soul to devil has a price to pay. If only that guy did not ignore it and arrange himself later on, he will still carry his wealth.

I don't think the guy is simply lucky. We all can experience to be lucky but there is no way that our luck will continue for several days but what usually happen is that we can only win on the first day and then lose at the second or third day. Also the winnings that we can take home isn't that big because we already know what can happen when we try to make more.

Such stories are nothing more than rubbish, witches can't make you lucky or make you win in gambling, your luck and your destiny can't be changed that way. And it does happen when you become lucky and win consecutively for a few days and that is when you start thinking that it might work even after all those days.

But what happens is that you start losing after that winning streak which is always going to happen since it's gambling and it's based on your luck, and no one in the world in my opinion can be lucky all the time in their lives.

Gambling is not something reliable thing which you can trust and use your everything in that,  this thought and act of totally depending on it is foolish .
You can do gambling as fun and with limited resources so that If you loose you don't end up being broke and depress .

[len01]

Hopefully, he can learn from his experience and never repeat the same mistake. And if he is already experiencing a gambling addiction, he should ask for help from other people to help him cure his gambling addiction. And that he has to do before he has a new job so it won't make him go back to gambling after getting a new job. If he cannot cure his gambling addiction, it will not make him stop gambling but will only make him sink deeper into gambling because, from his new job, he will be able to earn income to gamble again.

if the person is wise in responding to his problem or the lessons he has learned, he should think about the long term such as curing himself from gambling addiction or if he is not an addict he can go to a psychology doctor to get a solution to improve himself before getting a new job.
because it's only useless if you still have a great desire to gamble when he has got a new job, he can spend all his salary on gambling and it gets worse.

He should have become self-aware of what he's got and know he has a problem that must be cured. But if he can't learn from his experiences or even get deeper into gambling, no one can help him and he will only get worse from gambling.

When someone has money, is used to gambling, and has no self-control, he will only use that money to gamble. He will not think about his life or start a new life without gambling. Maybe someone else should stay with him while he's at home or out and about so that person can keep an eye on what he's doing. And if he wanted to gamble, that person would pull him elsewhere.

but in my opinion, if he has become a gambling addict, it will be very difficult for him to be self-aware because in his mind he is only gambling and winning big. It is this mindset that causes a person to become an addict when he wins large amounts at gambling and he feels and thinks about the results or big profits from gambling.
and it would all be better if the people themselves who wanted to live better avoided gambling or took gambling less seriously as just entertainment.

that's all I say from my own experience that I've been an addict.

[Viscore]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

The moment a gambler decides to leave completely his job so he can focus on gambling and gain bigger income, that is a total stupidity. No man has the right thinking to leave his stable job out from gambling. The only lesson I get here is gambling will never guarantee you to be profitable consistently. In times you’re lucky, you might be making profits but since most of the time we never get luck, so we always lost the chance and end up gambling at the losing end.

[Fivestar4everMVP]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

The moment a gambler decides to leave completely his job so he can focus on gambling and gain bigger income, that is a total stupidity. No man has the right thinking to leave his stable job out from gambling. The only lesson I get here is gambling will never guarantee you to be profitable consistently. In times you’re lucky, you might be making profits but since most of the time we never get luck, so we always lost the chance and end up gambling at the losing end.

You are very right about this, like I said in the op, gambling can never give one a consistent cash flow, and to be sincere, from my personal experience, the days which a gambler loses money, most times is more greater than the days the gambler wins..

It is a stupid decision for one to leave his steady paying Job to face gambling, except on the reason that the individual own his or her own gambling Casino, even at this, it is very important to make sure that the casino is already doing very well before leaving your steady paying job.

[madnessteat]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

The moment a gambler decides to leave completely his job so he can focus on gambling and gain bigger income, that is a total stupidity. No man has the right thinking to leave his stable job out from gambling. The only lesson I get here is gambling will never guarantee you to be profitable consistently. In times you’re lucky, you might be making profits but since most of the time we never get luck, so we always lost the chance and end up gambling at the losing end.

I would not quit my job even if I had enough money for 10 years of carefree life, because my goal is not to spend the money I have earned, but to multiply it. I agree with the forum users who think this guy was stupid for believing in himself and quitting his job. I think he is already regretting what he did.

[swogerino]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

The moment a gambler decides to leave completely his job so he can focus on gambling and gain bigger income, that is a total stupidity. No man has the right thinking to leave his stable job out from gambling. The only lesson I get here is gambling will never guarantee you to be profitable consistently. In times you’re lucky, you might be making profits but since most of the time we never get luck, so we always lost the chance and end up gambling at the losing end.

I would not quit my job even if I had enough money for 10 years of carefree life, because my goal is not to spend the money I have earned, but to multiply it. I agree with the forum users who think this guy was stupid for believing in himself and quitting his job. I think he is already regretting what he did.

If I had the money to live carefree for 10 years I would definitely quit my job and just do some side jobs,part time like 2-3 hours a day just to keep my brain active but the thing that most people fail to understand is exactly this multiply of money is what keeps people busy until the realize they have not much left to live and that is the biggest mistake anyone can make.I have my boss,he work like he is 20,stays awake and does not sleep and his life is a misery,he keeps staying in the office 24/7 and I don't get it,now he is 67 and I doubt he will live that long based on his way of life,he surely has not enjoyed money trying to keep multiplying and keep multiplying.It is funny as the daughter in law or son in law will enjoy his money,what a pathetic way to live one life in my view.

[YOSHIE]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

That is why in the world of gambling there is nothing consistent. That is a fact, where everyone must think rationally and professionally, the true purpose and meaning of our entering the world of gambling, Unfortunately, many of our friends think that gambling is the main element for consistent income. reality is just an illusion.
so that they forget in real life and act in a criminal manner when they experience successive defeats, so that it darkens their eyes to do something that is detrimental to themselves and also others.

I realize that gambling is like digging a mountain, the more we dig the mountain, the wider and deeper we are never consistent, never satisfied and never find what we are looking for, for that, from now on I think gambling is solely done for the sake of pleasure, never hoping to achieve something that has never been achieved.

[Tumanggor]

~

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

really the story of a tragic person, gambling in casinos especially those based purely on luck like slots or dice cannot be made into a main job because the income we get (wins) will never be stable

and most of the many cases that occur, people who make gambling as their entertainment, have more chances to win than those who make gambling as their main income focus

mindset is very influential on the habits and also the future of each person

[rahmad2nd]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

So, the theme of our discussion is never to expect consistent wins from gambling. well, looks like we agree, in fact most of the community would probably say the same.

Speaking of gambling, I'm sure every gambler has a dream of getting consistent results. even hope, to get abundant victory one day. although in reality, in practice it is very difficult to realize even in the type of gambling that involves expertise. in fact, the probability of winning that we have, is smaller than the ratio of losing. then, why do we keep gambling. the reason is classic, apart from having fun we hope that today luck is on our side. therefore, we will always be compelled to engage in gambling. after all, if we're lucky, the reward we get can be many times over and I think that's part of its uniqueness.

Despite the fact, there are impacts that can affect us psychologically if we don't have a good understanding of gambling. plus, be responsible accompanied by self-control.
then, is gambling a business. it depends, if you act as a casino owner, then you will make a profit from the business that you are running. but if just being a gambler, I agree with what you say.

Based on the second story you told, by the way. This phenomenon is not new to me personally. this applies especially to gamblers, but can be related to real life. where when someone is in a prosperous situation whether it's from business or gambling, they tend to forget themselves. "in this case for people whose economy is middle to lower". which in the end, someone who is lacking in terms of his own human resources, often, he wastes what he has achieved before. which in the end, he fell back in his life.

[dunfida]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

The moment a gambler decides to leave completely his job so he can focus on gambling and gain bigger income, that is a total stupidity. No man has the right thinking to leave his stable job out from gambling. The only lesson I get here is gambling will never guarantee you to be profitable consistently. In times you’re lucky, you might be making profits but since most of the time we never get luck, so we always lost the chance and end up gambling at the losing end.

I would not quit my job even if I had enough money for 10 years of carefree life, because my goal is not to spend the money I have earned, but to multiply it. I agree with the forum users who think this guy was stupid for believing in himself and quitting his job. I think he is already regretting what he did.

If I had the money to live carefree for 10 years I would definitely quit my job and just do some side jobs,part time like 2-3 hours a day just to keep my brain active but the thing that most people fail to understand is exactly this multiply of money is what keeps people busy until the realize they have not much left to live and that is the biggest mistake anyone can make.I have my boss,he work like he is 20,stays awake and does not sleep and his life is a misery,he keeps staying in the office 24/7 and I don't get it,now he is 67 and I doubt he will live that long based on his way of life,he surely has not enjoyed money trying to keep multiplying and keep multiplying.It is funny as the daughter in law or son in law will enjoy his money,what a pathetic way to live one life in my view.

This is what im trying to achieve on which i do really thrive my best to be that financially free when im not still that old on which im really not letting myself do get badly beaten up due to stress or having no sleep
because we know that our body would really take out the toll. There's no point on making lots of money because once your body is really that ill or able to get that serious sickness or whatsoever correlated to this
then you would be definitely be able to spend all of those earnings into hospitalization and this is why it would really be that just right that everything should really be in balance.

We know that everything which is too much would really be putting us on harm.We should be wary on how risky gambling is and we should really accept the fact that its impossible that we would really be
having that disadvantage against house or simply we arent that lucky all the times. Its never been wise on seeing yourself dealing with gambling and leaving out
or quit your job just because you do believe that you could sustain out for the rest of your life? You are crazy if you do consider out such decision.

[Fortify]

For most of us in my area here, it was like he did a charm, I personally envied him to be sincere, but not with any evil intention , I only wished I was as lucky as him..

But the sad thing about the whole thing was that, he's attitude changes, those are big amount when converted to my country's local currency, but not big enough to warrant his Change of attitude..
He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Variance in gambling can be wild and it is a good lesson that you describe. Sometimes arrogance can blind a person into believing that they are highly skilled, when in actual fact they just got an extreme lucky sequence of events and it can all come crashing down one day. Unless you're doing a truly skilled activity, with many thousands of hours of evidence that you are profitable, probably accrued over years of hard work - then you might not have any sort of winning strategy at all. Your opening story makes reference to learning from other peoples mistakes, and this can work on a low level, however sometimes to truly learn a lesson and take heed it requires you to feel the pain so that you will not repeat it so hastily.

[Ebede]

Gambling as a game of luck should not be expected to be won always because most times is not about what you know that plays out that's why is been called a game of luck, luck plays a major role in gambling so expect the unexpected as far as gambling is in play.

[ethereumhunter]

Hopefully, he can learn from his experience and never repeat the same mistake. And if he is already experiencing a gambling addiction, he should ask for help from other people to help him cure his gambling addiction. And that he has to do before he has a new job so it won't make him go back to gambling after getting a new job. If he cannot cure his gambling addiction, it will not make him stop gambling but will only make him sink deeper into gambling because, from his new job, he will be able to earn income to gamble again.

if the person is wise in responding to his problem or the lessons he has learned, he should think about the long term such as curing himself from gambling addiction or if he is not an addict he can go to a psychology doctor to get a solution to improve himself before getting a new job.
because it's only useless if you still have a great desire to gamble when he has got a new job, he can spend all his salary on gambling and it gets worse.

He should have become self-aware of what he's got and know he has a problem that must be cured. But if he can't learn from his experiences or even get deeper into gambling, no one can help him and he will only get worse from gambling.

When someone has money, is used to gambling, and has no self-control, he will only use that money to gamble. He will not think about his life or start a new life without gambling. Maybe someone else should stay with him while he's at home or out and about so that person can keep an eye on what he's doing. And if he wanted to gamble, that person would pull him elsewhere.

but in my opinion, if he has become a gambling addict, it will be very difficult for him to be self-aware because in his mind he is only gambling and winning big. It is this mindset that causes a person to become an addict when he wins large amounts at gambling and he feels and thinks about the results or big profits from gambling.
and it would all be better if the people themselves who wanted to live better avoided gambling or took gambling less seriously as just entertainment.

that's all I say from my own experience that I've been an addict.

A gambling addict will indeed find it difficult to be self-aware. Hopefully, an event will awaken him so he can get enlightenment that playing gambling is not good for him and he is already experiencing gambling addiction. A beginner new to gambling has a high potential to become a gambling addict, especially if he only follows his friend's invitation to gamble. And if he does not have self-control, he will gradually turn into a gambling addict. But even though he has become a gambling addict, it seems he will not blame his friends who have asked him to gamble.

[Alisha-k]

Let's begin with a story (more like a parable) which I think is familiar to some of us...

A Man on his sick bed called two of his sons, and asked both of them, "you both have heard that experience is the best teacher right?"

They both answered - "yes dad"

He then asked the first son - "you my first son, how or what is the best way to learn from experience?"

The first son, after thinking for a while answered "learning from my mistakes, that is, never making the same mistake twice".

The father answered - "that's very good my son, you've answered well".

Then turned to the second son, and asked him the same question..

The second son answered immediately - "it is good to learn from my mistakes, but I think it is better to learn from other people's mistakes, so that I won't have to make mistakes myself before I learn".

The father looked at him and was short of words to empress himself, he told both of them to go, but later called the second son privately and said to him, "I am astonished by the level of your wisdom, you can't take your elder brother's place as my first son, but I put him under your care, do all you can to keep him from taking wrong decisions".

Now, To the main discussion...

Please note that I've previously touched on this topic HERE, but I decide to escalate it as a topic to better reach more gamblers who possibly could learn from the experience..

A supposed friend, he working and has been gambling for a while, recently got lucky, won consistently for 3 good days consecutively..

1st day, he won $670+
2nd day, he won $702+
3rd day, he won $692+
This are the ones I know and saw the slip myself...

For most of us in my area here, it was like he did a charm, I personally envied him to be sincere, but not with any evil intention , I only wished I was as lucky as him..

But the sad thing about the whole thing was that, he's attitude changes, those are big amount when converted to my country's local currency, but not big enough to warrant his Change of attitude..
He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

so sad, how long do we keep the advice coming before some persons are able to understand how life plays??
To everyone, there's an opportunity to make it big but we often times abuse this opportunity and expect that it'll last forever. I am not against him quitting his job, probably that was the space he would have needed in order to think and make a proper plan, squandering the money on frivolities instead of investing it in something that'll stand the test of time was stupidity on his side...

I see his circle are nice people.to even accept him back proves that, that kind of person cannot be my friend.

[Silberman]

so sad, how long do we keep the advice coming before some persons are able to understand how life plays??
To everyone, there's an opportunity to make it big but we often times abuse this opportunity and expect that it'll last forever. I am not against him quitting his job, probably that was the space he would have needed in order to think and make a proper plan, squandering the money on frivolities instead of investing it in something that'll stand the test of time was stupidity on his side...

I see his circle are nice people.to even accept him back proves that, that kind of person cannot be my friend.

The story shared by the OP is a very clear example of how someone can leave everything behind and believe they have a chance to pursue a particular lifestyle when the success they have gotten so far is incredibly small, in a way this reminds me of all examples of people that try to become movie stars, they leave everything behind only to be disappointed by the results they get, and I will be honest if I was one of his friends I will not want to have anything to do with him, as someone that does what he did to his friends is someone that does not deserve that friendship at all.

[Negotiation]

~snip~

The guy you told us about was too naive and arrogant, which is why his gambling experience was so bitter. The winnings clouded his mind and he showed you his true face. Do not do business with him, for such people cannot be loyal for long. If you want to help him, advise him to see a specialist and quit gambling for a while.  

I don't think he can quite gambling so easily after experience such huge and massive  win, the best he can do for himself is to just lay low for some time and let his pride, greed and ego go because that's what actually caused his problem in the first place. Not everyone in the world today knows how to control money so many just let the money control them and its very bad because money amplifies someone character and its bring out the natural character of the person.

Yes the greed of money brings people down a lot, the same thing happened to that person. If a person thinks that he needs a luxurious life after he is comfortable in life, then his greed for money will cease and if one is satisfied with that, then he should not be greedy for money. The bottom line is that unless there is a strong backup of money, there will be greed for money condition for being arrogant.

[AicecreaME]

This is a great example as to why we should learn how to handle financial aspects and take the responsibility on another level. Gambling is a huge risk. It requires a good decision making skills, luck, and sometimes skills. If you will not be disciplined in making bets and in playing, there's a high probability that you will experience the same as the one involved in the personal story OP shared.

Learning from someone's mistake instead of doing it so that you'll learn eventually is a better option. We have to weigh the pros and cons of every action we will do before executing it because it might cause harm than what we expected if we will just decide impulsively. I hope you, OP, learned from your friend's mistake so that the same unfortunate situation won't happen to you.