Gambling until you go totally broke

[DaNNy001]

I am just wondering if anyone here have ever been in a similar situation before? That is, gambling until you are completely broke with nothing to fall back on?
No money in the bank, no cash in the hand, what did you do?

Or maybe gambled until you are one bet away from going broke (if you lose), do you go ahead and risk the money, or cancel the bet and  keep that money for something more important?

It has happened to me before several times which means I was addicted. If it happens just ones and the person learn his lesson and stop the stupid gambling habit, he is not addicted. But if he continues, it means he is an addict. It is possible that his close friends borrowed him money already or they know he is using his money to gamble and not want to borrow him money. Only the money that I can be able to give the guy as a friend that I can borrow him because likely he may not pay back or take longer time to pay back.

The funny thing is that I also had a friend who was fucking addicted to the point of going to collect money from different persons and using it to gamble and one of us who knows he was fucking addicted would always take advantage of it by telling him to borrow from him with a collateral of his property attached and when I asked him why he said he wants to teach him on how far he could damage himself through the act and you believe where you ended up? He fucking sold or should I say loaned everything to this my friend and it was not until the last minute we had to tell him to his face and he realized the crazy thing he has been doing without thinking.

[m2017]

A friend, (doesn't stay close to me) called me up on the phone this morning, I was surprised to see his call since it's been a while we Last spoke to each other, and talking to him again on the phone was the last thing on my mind, and Answered the call and we greeted as usual.
He went on to ask me for financial assistance, that he is totally broke and have asked all his friends who are close by, and non of them agreed they have enough so as to lend him some money, he went on to tell me that I am his last hope, that he wouldn't have bothered me if he had anyone else to call or turn to.

Your friend only remembered you when he needed money from you. Are you really ready to call him your friend? Would he remember you if he won a million gambling?

I asked him what happened? What the sudden need for financial assistance? He tried lying (I noticed from his turn) but later, he opened tell me that he had some funds on him which could possibly have sustained him until this month ending to get his salary, but he didn't know what came over him, he went to a casino last night and in the process of trying out one and two games, he gambled and lost every single penny on him, and now, he has nothing to fall back on for the few days remaining before he gets his salary for the month of March.

Are you ready to trust (hope to get the money back) your friend who lies to you?

Why should you help financially those who, because of their stupidity or inability to control and foresee the consequences of their actions, bet their last money?

Long story short, I wasn't going to help him, most especially for the fact his a single guy, but out of pity, I later lended him $20.

Surely he immediately lost the $20 in the casino. Try to find out and tell us how your friend managed his money a little later. Necessarily.

Do you enjoy sponsoring other people's bets?

But then, this got me wondering why a full grown person will gamble until he or she has no money left in his or her bank account, and no cash at hand, I personally have on several occasions gambled away every single cash I had at hand, but I always had some money in the bank to fall back on, together with my family.

Age is not yet an indicator of maturity as a person. More often than not, most “adults” are not able to control their life activities. What else can call it when an adult is left without the last means of subsistence for the next month due to his rash actions?

I am just wondering if anyone here have ever been in a similar situation before? That is, gambling until you are completely broke with nothing to fall back on?
No money in the bank, no cash in the hand, what did you do?

I have never been in this situation and never will be because I don't gamble.

I can only condemn the behavior (financially and morally) of people like your friend. Helping people who find themselves in difficult financial situations is necessary, but if the situation arose due to gambling, this is no longer acceptable. This “help” only corrupts them even more (easy money from friends and relatives, which you don’t have to give away) and delays the moment of “sobering up” from gambling.

Or maybe gambled until you are one bet away from going broke (if you lose), do you go ahead and risk the money, or cancel the bet and  keep that money for something more important?

It is generally accepted that gambling is a quick and easy way to make money. If so, why do stories like your friend's happen?

[Gozie51]

But then, this got me wondering why a full grown person will gamble until he or she has no money left in his or her bank account, and no cash at hand, I personally have on several occasions gambled away every single cash I had at hand, but I always had some money in the bank to fall back on, together with my family.

The reason is trying to recover your losses. Many gamblers have lost all because they are bent on recovery what they have lost. They have decided within themselves to keep playing until they get back what they have lost but unfortunately it doesn't happen like that.

Many gamblers try their luck to gamble to double what they have, they have a misconception that gambling will generate income for them but unfortunately gambling is different from invest. Investment is where you put in your money and you expect some dividend or return later.

Or maybe gambled until you are one bet away from going broke (if you lose), do you go ahead and risk the money, or cancel the bet and  keep that money for something more important?

Not many gambler will back down when they are losing. If you experience such losing time, you are lost in your mind on what to do but what will keep coming to your mind is to keep going on. So it takes a very strong self control to stop or take a break when you are losing.

[Lanatsa]

But then, this got me wondering why a full grown person will gamble until he or she has no money left in his or her bank account, and no cash at hand, I personally have on several occasions gambled away every single cash I had at hand, but I always had some money in the bank to fall back on, together with my family.

People who gamble until the last penny are compulsive gamblers who live the moment and don't think about long term consequences. This kind of mindset actually prejudices these gamblers on every aspects of their lives, going much further than financial matters. They are called losers because they don't make progress with their finances, relationships, careers and personal development. These people have difficulties keeping promises, following routines and achieving long term goals. They are too confusing and unstable, unfortunatelly, and those around them like family, friends and lovers tend to suffer a lot for the lack of commitment these individuals display.

Since you lent money to your friend once, you can expect he will come back for more, because you are probably one of the few contacts he has which did so... I suggest you not doing this anymore, because you are simply fueling his addiction. If you want to help, maybe you could lend money to his family, so they can pay their bills and purchase food, but don't give money to him directly.

You wouldnt learn until  you would really be sleeping on the streets or you would really be getting divorced by your wife or you would be left by your family. People never ever learn not until they would really be able to experience the worst and this is something that you should really be that trying to learn things but on the most hardest situation on which some people cant really be able to recover on or ended up on having suicide just because theyc ant really be able to bare up with the risks that they've been into. This is why on the time that you do play gambling then everything should really be in moderation.
Dont make yourself that be engaging too much in gambling if you dont really like for yourself to be ended up on miserable life.

People do really make things messy on the time that they cant really be able to think up well or could be able to make that control so that you wont really be ending up with
those miserable conditions that not everyone is been dreaming off. Dont wait up for things to be like that before you would be quitting.

[killerfrost]

The point about losing 90% of your funds highlights the devastating financial consequences of gambling addiction.  Imagine going from a comfortable position to near-bankruptcy due to the uncontrollable urge to gamble. The role of addiction in your story is crucial.  The "spirit of addiction" pushing you to gamble everything you had left reflects the compulsive nature of this condition.  This highlights the importance of seeking help if you struggle with gambling addiction.

The observation about greed and addiction going hand-in-hand is insightful.  The desire for quick and easy gains can fuel the flames of addiction, leading to reckless decisions like gambling away your remaining funds. The decision of your friend to rescue you financially is a complex one.  While their support helped you in the immediate aftermath, it's important to consider the potential for enabling behavior.

[cabron]

But then, this got me wondering why a full grown person will gamble until he or she has no money left in his or her bank account, and no cash at hand, I personally have on several occasions gambled away every single cash I had at hand, but I always had some money in the bank to fall back on, together with my family.

I am just wondering if anyone here have ever been in a similar situation before? That is, gambling until you are completely broke with nothing to fall back on?
No money in the bank, no cash in the hand, what did you do?

Or maybe gambled until you are one bet away from going broke (if you lose), do you go ahead and risk the money, or cancel the bet and  keep that money for something more important?

He is young, we are like that once upon a time I think. Probably the happy-go-lucky kind because they know their family will be there to send money when they are in trouble. Only this time I guess his family taught him a lesson. 

I did the same when I was younger, as always I was again thinking my luck would be back so I wagered the last money in my pocket. I hailed a cab and asked the driver to wait til my old pop came out of our house so he could pay for my ride home.

[robelneo]

I am just wondering if anyone here have ever been in a similar situation before? That is, gambling until you are completely broke with nothing to fall back on?
No money in the bank, no cash in the hand, what did you do?

I hope no one here was on that kind of position, that's a desperate situation if you are on this kind of situation and you are worse than a beggar, because a beggar can keep a money while you keep losing it because of your addiction.

Or maybe gambled until you are one bet away from going broke (if you lose), do you go ahead and risk the money, or cancel the bet and  keep that money for something more important?

I have not done that I always have a line that I created where I have set my boundary, if you keep doing this habit of betting, you will eventually go home penniless, you should never bet your last money you will feel self pity if you want to buy a cheap item like a cigarette and you can't.

[umbara ardian]

The internal conflict you express about wanting to help your friend but not enabling their addiction is understandable.  You rightly point out that lending money can perpetuate the cycle of gambling.  Imagine a scenario where providing financial support unintentionally fuels the addiction.

The observation about the limitations of tough love with addicts is insightful.  Simply telling someone to stop gambling might not be effective, especially when they're in the throes of addiction.  Imagine a situation where logic and reason struggle to compete with the compulsive urge to gamble.

The counterpoint about the potential for alternative support systems is interesting.  While you can't control your friend's actions, you can offer support in other ways.  Imagine encouraging them to seek professional help, joining a support group, or connecting them with resources to manage their addiction.

[dothebeats]

Even I couldn't fathom this idea. You know you only have that much money left and you still think of taking a chance with it even though you know so well that the odds are stacked against you... It just doesn't make sense at all.

I gamble with money I can lose, and even then, there are times that I feel like I can't lose $5 on a single bet just because I'm that afraid of losing. Then there are these people who only have $100 left on their name to survive until their next paycheck and risking it all just because they think they are lucky and can multiply that amount very easily.

I'd never risk my last money that I can use to survive for a few days in gambling. The rewards are tempting, but if those rewards don't favor me, I wouldn't have anyone to ask for help at all. The thought of losing 'all' of my money at that time is just scary.

[Majestic-milf]

But then, this got me wondering why a full grown person will gamble until he or she has no money left in his or her bank account, and no cash at hand, I personally have on several occasions gambled away every single cash I had at hand, but I always had some money in the bank to fall back on, together with my family.

There are two types of gamblers for me; the impulsive ones and the compulsive ones and I feel your friend ends in the latter.
Gambling stimulates the reward system in the brain and this makes people indulge in it sometimes to their detriment. Your friend who is a compulsive gambler has gotten to that point where he no longer plays for fun but does this with the mind that his life depends on it. When gambling and you notice you have exceeded the amount in which you set out to gamble with, the best thing's to stop because there's this part of your brain that will be encouraging you that the next game would be the jackpot, but rarely so.
 He should better get help because these sets end up being depressed and can easily commit suicide because by the time they realize the damage their behaviors have caused, it's too late.
Just like drugs, gambling can get so addictive that you become less concerned about food and more invested in how to squander the cash and that only happens when you've gone beyond thinking levellt with your brain.

[coin-investor]

I am just wondering if anyone here have ever been in a similar situation before? That is, gambling until you are completely broke with nothing to fall back on?
No money in the bank, no cash in the hand, what did you do?

As much as possible we should never let this thing happen to us, we are totally out of control and cannot decide what's right and what's wrong, anyone who's doing this is at the bottom and he should be rehabilitate because he do not know how to decide properly.
He will lose everything and he will likely end up with nothing to eat because he prioritize gambling more than anything else.
This kind of people usually are unkempt and unorganize and their life has no direction, rehabilitation is the only answer no amount of advice can save this individual.

[Ever-young]

But then, this got me wondering why a full grown person will gamble until he or she has no money left in his or her bank account, and no cash at hand, I personally have on several occasions gambled away every single cash I had at hand, but I always had some money in the bank to fall back on, together with my family.

There are two types of gamblers for me; the impulsive ones and the compulsive ones and I feel your friend ends in the latter.
Gambling stimulates the reward system in the brain and this makes people indulge in it sometimes to their detriment. Your friend who is a compulsive gambler has gotten to that point where he no longer plays for fun but does this with the mind that his life depends on it. When gambling and you notice you have exceeded the amount in which you set out to gamble with, the best thing's to stop because there's this part of your brain that will be encouraging you that the next game would be the jackpot, but rarely so.
 He should better get help because these sets end up being depressed and can easily commit suicide because by the time they realize the damage their behaviors have caused, it's too late.
Just like drugs, gambling can get so addictive that you become less concerned about food and more invested in how to squander the cash and that only happens when you've gone beyond thinking levellt with your brain.

Gambling can be addictive and can cause problems for some people. But not everyone who gambles has a problem. Some people can gamble for fun and stay in control. If someone has a gambling addiction, they can get help and get better. It's important to be careful when gambling and to ask for help if you need it. Some types of gambling, like slot machines, can be more addictive than others. But playing games with friends, like poker, might be less risky. gambling can also be fun, but it's important to be safe and get help if one notices that he's gradually getting addicted.

[Volimack]

Such a bad situation should not happen to anyone gambling should try to control yourself before things get out of hand. Which one is wrong and which one is right should be verified. It is never right to give more priority to gambling to your own detriment. If you see that gambling is leading to losses stop gambling before everything is lost. Gambling should never take risks. You will be in more danger than you take.

[Slow death]

Many people seem to be unable to understand the meaning of helping another person. when a person asks you for financial help and you ask them what happened, and that person explains to you that they took the money they had and went to play in a casino but lost everything, so at that time we have to explain to the person the great danger of using money of paying bills and the great danger of using money intended for food, but we need to speak calmly to the person so that we don't increase the person's guilt and they start things like suicide. after we warn the person of this danger and advise the person that they should not repeat this very serious mistake, then we lend the money to that person, when we help someone, we should not keep charging that person

Many people think that they will never make mistakes in life and because of this they become arrogant and start to judge other people and even get to the level of saying things like: "I'm not going to help person x, because it was his fault, it was a mistake." " and after saying these types of things to the person who asked them for money, in the end they refuse to help. So if they didn't want to help from the beginning, why did they keep talking to the person who asked them for help? The saddest thing about all this is that people who have the defect of condemning other people who make mistakes, on the day that they too need help, no one helps them and then they complain because they were not helped. It's not nice for a person to keep complaining to help someone else, it's not nice to constantly criticize someone when they make a mistake.

OP, in my opinion you did the right thing by helping your friend, even though your friend made a mistake, that doesn't mean you should punish your friend, help him willingly and knowing that you won't hold him accountable for what he did to you. the money you gave him for help, today your friend is in need of help and in the future you may also need help from your friend and your friend. If you look at the world you will see that things always change, today we are fine and we don't need help, but tomorrow we are bad and we need help

[moneystery]

that's greed. he thought that when he gambled his last money on gambling, it would multiply and he would become rich. but in reality it was the opposite, he lost the money and he experienced difficulties. if i were you, i wouldn't want to lend him my money even when he said that i was his only hope, that was just a classic excuse. believe that when you give him money, he will most likely gamble it again and will not pay his debt to you.

so in my opinion, it's best to ignore people like that and no longer need to contact them because there's no benefit for us either.

[Zoomic]

Problems like this can only happen to gamblers who put all their hope in gambling for survival. No gambler who sees gambling as a means of survival can be responsible.  This is because once you see gambling as a means of survival,  you will want to invest your time, money and other resources to make sure you earn and in the course of putting in your all, you gradually lose everything,  including yourself unknowingly. The person who gambled till he went broke had hopes, hope that he will win and replace all he has lost. But, this is gambling and we cannot build hopes on things we are not certain about, gamblers encounter challenges because of this. If Gamblers can actually adhere to this, problems will reduce.

[madnessteat]

~snip~

It seems to me that almost every gambler has lost all their money. In my life such situations happened several times. I also had to borrow money until payday, but only not from friends, and in the bank. I did not want to be indebted to my friends, so there were only two options for me - a loan from the bank, or pawn something of my personal valuables in a pawnshop. After several such mistakes, I realized that gambling should be played with only part of the funds, and in the casino categorically can not go after receiving an advance or salary.

[Jaycoinz]

Such a bad situation should not happen to anyone gambling should try to control yourself before things get out of hand. Which one is wrong and which one is right should be verified. It is never right to give more priority to gambling to your own detriment. If you see that gambling is leading to losses stop gambling before everything is lost. Gambling should never take risks. You will be in more danger than you take.

there is the Motto among some gamblers over hear that am staying which goes " a true gambler never leaves the table till the end " which to some extent is what almost all the gamblers believe but I see this as a crack up motto and a very stupid thing to do although I understand that its hard to stop the act but it all boils down to the choice the person wants to take because if you are straight and certain with your self then stopping what doesn't benefit you shouldn't be any problem at all.

[Dickiy]

I am just wondering if anyone here have ever been in a similar situation before? That is, gambling until you are completely broke with nothing to fall back on?
No money in the bank, no cash in the hand, what did you do?

Or maybe gambled until you are one bet away from going broke (if you lose), do you go ahead and risk the money, or cancel the bet and  keep that money for something more important?

To be honest, I have often experienced this incident, many of my friends who are young, single, unemployed ask for money loans, some are even married but complain because they don't have money to meet their daily needs. Very worrying and to be honest I wouldn't lend them any money. Because it's not that I don't believe him, but instead of having to lend without a strong guarantee that he can pay on time, it's better if I give him the money that I'm ready to give. But after that it will not give anything else, only a glimpse and will not approach the mentality of a gambler who is not responsible for himself or his family.

It might sound selfish, but that's my principle because surviving is very difficult, like it or not, if they are not able to control themselves from gambling then they will be left behind.

[Zigabel]

Or maybe gambled until you are one bet away from going broke (if you lose), do you go ahead and risk the money, or cancel the bet and  keep that money for something more important?

Gambling to the point you are left with your last money or a bet away from been broke is such an unhealthy way of gambling and shouldn't be practiced as it's aswell irresponsible way of gambling too and we always advocate responsible gambling here on the forum and even most gambling sites do mention same almost all the time. Whenever you gamble to this point most definitely you will be willing to risk it all and such is definitely going to get you to even worse condition because you will be leaving the casinos with nothing to fall back at after you must have exhausted all that you have got.

It's most advisable to gamble within a budget, I'd you have got the self control I advise it's a good idea to exit when you are a step away loosing your last funds, don't use it in the mind that it's the last and should be lost anyways, have it as what you can fall back at and probably get a chance to try again some other day and not that exact day again.