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Author Topic: Gambling addiction causes loss  (Read 1982 times)
usekevin (OP)
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February 14, 2024, 04:05:28 AM
 #1

I had a friend in the gambling circle,he was gambler addicted person over a year.I had advised him many times,but he is not ready to accept my advice in the gambling.Apart from gambling,my friend accept my advice without any hesitation.When I had a time on weekend,I get a chance to meet him in personal.I had some question about his gambling addiction,but the sad part is he is not accepted his gambling addiction towards the gambling site.

He said that he had nearly 64k dollars as a loss in the gambling site.In order to recover that 64k dollars,he keeps on betting from all his economic resources.I had advice him to use only 20 percentage of salary to get away from entire gambling loss.But he is now repeating the same 100 percentage of income from weekly,biweekly and monthly.So he was in the big loan problem.Still he is arranging funds from loan to play gambling,because he think that the recovery was possible at the place where he lost his money.What will be your suggestion for my friend to recover from the gambling addiction.

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February 14, 2024, 04:10:32 AM
 #2

A rehabilitation center or a medical help would be very good for him. But he first need to accept that he is addicted to gambling and that he needs to stop, for him not to later do something not good to himself.

I had advice him to use only 20 percentage of salary to get away from entire gambling loss.
Tell him not to gamble anymore. If he is still gambling, he needs help like I said.

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February 14, 2024, 04:20:09 AM
 #3

I had a friend in the gambling circle,he was gambler addicted person over a year.I had advised him many times,but he is not ready to accept my advice in the gambling.Apart from gambling,my friend accept my advice without any hesitation.When I had a time on weekend,I get a chance to meet him in personal.I had some question about his gambling addiction,but the sad part is he is not accepted his gambling addiction towards the gambling site.

He said that he had nearly 64k dollars as a loss in the gambling site.In order to recover that 64k dollars,he keeps on betting from all his economic resources.<>

He is already challenge and he'll never stop gambling until he win back all his losses. Only two possibilities will happen, either he will go bankrupt or win back his losses. That's why it's not good to chance our losses in gambling as most of time it will only make the problem worst. However, you can't blame a gambler, we have different ways of thinking and it's not impossible to win although at this rate the chances is low.

Personally, I have this kind of experience, but overtime I gave up and stop chasing by forgetting it. Fortunately for me, I don't loss that huge amount in my entire gambling life as of now.

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February 14, 2024, 04:22:46 AM
 #4

There is an unwritten rule in gambling...
never try to recover the amount lost while playing by trying to bet more and more...
you will simply lose even more.
Just because the games always have an advantage for the bookmaker/gambling house.
It's really hard to beat this advantage, its like a match rule.

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February 14, 2024, 04:29:41 AM
 #5

Quote
Gambling addiction causes loss

Surprise! Hot sun and wet water. What are we going to discover next today? That if you drop something it will fall to the ground?

What will be your suggestion for my friend to recover from the gambling addiction.

None. He has to solve the addiction on his own, and it won't be long before he is forced to do so because one's debt capacity is limited, and even more so when one is taking out loans to gamble. Banks identify a problematic pattern quickly and stop lending. So, if he asks you for help in some way, other than economic, such as accompanying him to gamblers anonymous or to a psychologist, lend it to him, but it is something that has to come from him.

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SeaCoinCollector.
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February 14, 2024, 06:19:11 AM
 #6

It's very sad to see a friend refusing to admit their gambling problem. It's important to talk with your friend with understanding and care to encourage them to change. You can also help him to make budget or financial plan to slowly pay off his debts. You can also offer him help from a professional. Inorder to get away with gambling, he'll need dedication, patience, readiness
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February 14, 2024, 06:35:04 AM
 #7

I had a friend in the gambling circle,he was gambler addicted person over a year.I had advised him many times,but he is not ready to accept my advice in the gambling.Apart from gambling,my friend accept my advice without any hesitation.When I had a time on weekend,I get a chance to meet him in personal.I had some question about his gambling addiction,but the sad part is he is not accepted his gambling addiction towards the gambling site.

He said that he had nearly 64k dollars as a loss in the gambling site.In order to recover that 64k dollars,he keeps on betting from all his economic resources.I had advice him to use only 20 percentage of salary to get away from entire gambling loss.But he is now repeating the same 100 percentage of income from weekly,biweekly and monthly.So he was in the big loan problem.Still he is arranging funds from loan to play gambling,because he think that the recovery was possible at the place where he lost his money.What will be your suggestion for my friend to recover from the gambling addiction.
That is why gambling can plunge a person into the abyss of financial ruin, we do not blame the casino but the person who cannot control himself and uses money that he cannot afford to spend on gambling, we usually say he cannot afford to lose his money.

The position of your friend's logic does not work, and still has the ambition to return the money he lost in gambling, and it will be useless at any time because it will not happen, especially in that level of addiction, if he doesn't want to be rehabilitated then he is the most that can be done by you to make him realize that his logic can run again and can give up the money he has lost in gambling, and this cannot be once or twice to remind him you have to be as often as possible to make him aware and even better to be helped by his family to be able to make your friend realize that getting that much money back from gambling is impossible.

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February 14, 2024, 06:50:01 AM
 #8

64,000$ and is he still chasing these numbers? how much he checks payrolls/month. If he doing these cycles not gonna to get there, the bankroll is not enough to chase those numbers. Get well soon, better to ask other people to manage his financial because people who are getting addicted are always try to gamble as much they can while they have some fresh cash money.

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February 14, 2024, 06:50:19 AM
 #9

He is just digging a deeper hole for himself, so I think you should do some research and find a proffesional person that are dealing with gambling addiction, so that he can get some help. ( He has to acknowledge that he is addicted to gambling, before this will work for him)

Most good casinos support responsible gambling and they will offer self exclusion features for people to "block" themselves.

You might get this person to admit that he has a problem and that he should try the self-exclusion option, before he goes for proffesional help.

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February 14, 2024, 07:09:21 AM
 #10

100 per cent of his income into gambling sounds too exaggerated, how is he eating? He should be on the street already, because he won't be able to pay for any bills, that's why I said this is a exaggerated story, the confidence that some people have in gambling is too crazy for me, when something is luck dependant I will automatically become cautious, be cause the luck side makes me vulnerable to losses.

All in the name of getting money, you will later realize that if all you did was save up all the money you risk in gambling you will be alright, if you can put yourself in a tight position so that you can take risks in gambling then you can achieve anything, why not apply a better and safer strategy?

This person needs to clear his head about what gambling is all about, because with his behaviour it looks like he have no clue about what he is doing, killing himself even further, what is lost in gambling is lost, he needs to accept this, and making that amount back is not guaranteed even if he change his strategy into a responsible gambler.

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February 14, 2024, 07:24:55 AM
 #11

So he was in the big loan problem.Still he is arranging funds from loan to play gambling,because he think that the recovery was possible at the place where he lost his money.What will be your suggestion for my friend to recover from the gambling addiction.
At this point, there might not be much help to offer your friend. He has already set a goal and must be accomplished before he many consider quitting his gambling activities. That too won't be possible because as at that time, his addiction might have gone extreme to the point where be might only need rehab to help him control.

At every point, a responsible gambler should be able to know when to stop and avoid further gambling that may lead to situations like this where you cannot stop. Your friend on question here had so many loss and now he feels the need to get them all back through gambling which to me might not be possible and even get further losses.

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Apocollapse
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February 14, 2024, 07:26:09 AM
 #12

I won't suggest anything because your friend can't accept someone else advice, so why I need to waste my time when I already know the answer?

The only way to stop him from gambling addiction is when he don't have anything anymore, we need to wait until the debt collector visit his house and force him to pay off his loans. If the debt collector already seize everything including your friend's house, there's a chance your friend will change.

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February 14, 2024, 07:32:39 AM
 #13

So basically, he got so addicted and that belief that he has where "we are going to make it and win that big amount" type of thinking is what is keeping him going. I think he needs a wake-up call that gambling is not gonna be the thing that would save him but only himself. If he doesn't do anything about it, it will just worsen and then before you know it, he will just give up or something.

I think the only way out of that is an acceptance from himself that he is an addict and he needs help. If he doesn't see that it is a problem, losing 64k and hoping that it can be won back is a problem. It's only him realizing that is wrong that could probably help.

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February 14, 2024, 08:00:53 AM
 #14

He acknowledges that he's lost a great deal of money on gambling, but it's still not enough to stop him. He should go cold turkey and quit gambling altogether. I know you had good intentions, but gambling 20% of his salary is still not going to cut it. He already mentioned to himself that he's trying to recoup the $64,000 he has lost; he'll simply end up losing more in the process and continue his vicious cycle. He needs professional help, not some stranger's advice, before he ends up homeless. Doesn't he have any family members who could assist him?

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February 14, 2024, 08:04:35 AM
 #15

The thing is, your friend already lost so much money—64k dollars? That's  a no-joke amount, so that's what pushes him to keep on gambling or betting, and worst of all, he has debts and loans, which makes the whole thing worse. I will say it, he cannot be stopped at that point because as the money he lost keeps on getting bigger, the regret will grow too, and that's what keeps him from letting go of gambling. It's easier to just let it go, but if you are in that position, I'm sure you will also have a hard time letting it go and ignoring it. 

He missed his point where he can just walk away and stay away from gambling; it's like his wanting to recover the loss without noticing that the damage is also getting bigger and worse. In harsh reality, if you can't stop him or he can't stop himself, he will stop and learn the hard lesson and reality of what he is doing.

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February 14, 2024, 08:14:50 AM
 #16

What will be your suggestion for my friend to recover from the gambling addiction.
Loss is a normal thing to happen and take place given that we are all just 'gambling', and that simply means that we have no assurance of the winning outcome. It is either you lose or win; this is how gambling works. If the outcome resulted to a losing bet then the only thing you could do is to either play again to get back with that amount or to just accept things and move on. In his case, it is better to just accept and learn from it. Chasing profit or recovery of loss will just more likely result to bigger problem. We always have a choice whether to continue or stop already no matter what circumstances there are. He should focus more with how wil he be able to pay his debt with salary, little by little. What matters in this instance is to slowly pay everything 'til it's finished, then move forward. It might seem hopeless at this point for him which makes him frustrated of gambling but that's the only way possible than to continue taking the risk. Never wait or even put yourself to a situation you don't know how to resolve 'coz another problem will just arise.

As his friend, you could only give him advices but it will depend on him whether he would listen or not. You may advise seeking professional help to have him assessed. We are the one to start a problem therefore, it would be us to end it as well.

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February 14, 2024, 08:18:39 AM
 #17

He said that he had nearly 64k dollars as a loss in the gambling site.In order to recover that 64k dollars,he keeps on betting from all his economic resources.I had advice him to use only 20 percentage of salary to get away from entire gambling loss.But he is now repeating the same 100 percentage of income from weekly,biweekly and monthly.So he was in the big loan problem.Still he is arranging funds from loan to play gambling,because he think that the recovery was possible at the place where he lost his money.What will be your suggestion for my friend to recover from the gambling addiction.

Unfortunately, he is already deep in gambling and we can tell that he is already a addicted one, sorry to burst the bubble. And no amount of advise could turn your friend, he is hell bent on recouping that $64k and he will do everything he can. Like you said, taking loans and then spending his income just to be able to win back  that money.

It's better to seek professional help for you help. Guide him and maybe let him know that it's going to ruin his life in the long run if he continue to have this attitude. And let him understand in a good way that he is a addict and admit it to himself and again, picture him the consequences of his actions and maybe he will be awaken.

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February 14, 2024, 08:22:01 AM
 #18

You can still approach and give him the same advice even if he doesn't want to accept your advice. He really couldn't be made aware of anything until he opened his mind to realize that he was so addicted to gambling that he was just about to undergo rehabilitation. You can also ask him to do other things to divert his attention from gambling while you are with him so that he will not think about gambling when he is with you. By being with you more often and doing other things that have nothing to do with gambling, he may be able to get the insight that he should try to reduce his gambling activities until he can gamble in moderation.

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February 14, 2024, 08:48:12 AM
 #19

What will be your suggestion for my friend to recover from the gambling addiction.
I'd say get professional help and if it is a very close friend, inform their family about his situation and suggest to convince him to get professional help and tell him the negative effect it is having on him and possibly the people around him. other than that there is really much that can be done, you have done what you can and if he is not listening it is on him.

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February 14, 2024, 09:10:19 AM
 #20

He will keep losing more money, they always do, the gambling fever is all in your friends gut, I believe there is no way to safe him from this, the only solution is forcefully restriction, by some family members, make him see reasons, it might work.

The best solution though is if he is willing to put a end to his gambling addict, because at this point he is already addicted to chasing his losses, that's why I introduce force restriction, and someone who he respected so much in the family needs to approach him and talk some sense into him.

I have seen this work, if not I won't bring up the idea, there was someone close to me that was relieve from his gambling nature because of what the family did to him, they forcefully take gambling away from him, locked him up and invited a uncle who is like a father figure to him, and there is a rumour that his person only listens to his uncle from his childhood days.

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