Gambling until you go totally broke

[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.

[Pi-network314159]

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.

He got broke as a matter of gambling with greed. How can someone gamble till he lost his sences of reason of not knowing when to stop. I think that is the baisic problem of gamblers they always want to win big by chasing after loses, and end up becoming broke to the extent of depending on people or friends to survive. I guest he may have learnt his lessons this time. For me I think you should have just given him some money despite you knew he was lieying about the rent issue, then tell him never to do such again let it now be on his head.

[Spaceman1000$]

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.

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.

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.

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?

I applaud your generosity,  who told you he is not going to gamble with the $20 you gave him. That guy is obviously addicted and what he needs more is advise from you. gambling is high Risk, he can actually gamble with the last money he has, and luckily win. However you shouldn't be gambling up a point where you don't have money to take care of you upkeep, that's an error. Professional gamblers know when to stop, and that's what's makes you a healthy gambler. If you're gambling and consistently you've been losing, it's best to give yourself a break, the idea of using your last cash to gamble is too risky.

[Stepstowealth]

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

This is the reason why it is referred to as addiction because gamblers who are addicted find it difficult to really control themselves and me make unreasonable decisions just so that they can keep gambling.

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.

I will not be surprised if this your friend that you offered an assistance goes back to gamble with the money you gave him to sustain himself. Gamblers act very irrationally when they become addicted and to many of them although it may be seen as trying their luck it is actually just stupidity. Sometimes you will wonder if these gamblers are under some kind of spell or juju.

[michellee]

Greed and desire to get money in a short time. That's what makes people return to gambling because they often dream of winning large amounts of money from gambling. But it's not what they imagined because winning the gambling game is not easy. They have to use a lot of money but that doesn't guarantee they can win. Even if they win, the winnings will not be as much as the money they have lost at the gambling table.

I've never had that happen, even though I've almost had it in the past. But I really don't want to experience that because losing all my savings just because of gambling is very painful. For this reason, we really have to take care of ourselves as best as possible when gambling so that we don't experience too many losses. We must be able to gamble responsibly so that we don't experience any problems so that we can enjoy gambling as entertainment.

[Juse14]

Winning can make people addicted to gambling so that they continue to place bets with larger amounts in the hope of winning bigger than before. And losing can make people more curious about gambling, where they continue to place bets and gamble even though they have often lost before. This can happen because there is an assumption that the more often you lose, the closer you are to winning. However, instead of getting a big win, which could change his financial situation, this only led him to endless gambling activities, which ultimately only resulted in losses in the long term that made him bankrupt. and when someone is really addicted to gambling, then they will only wake up from their bad behavior, only when the individual has lost everything, lost the amount of money they have and lost the trust of other people due to their bad behavior, so that no one else is enough cared about him and no one else trusted him enough to lend him money.

[Accardo]

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.

He got broke as a matter of gambling with greed. How can someone gamble till he lost his sences of reason of not knowing when to stop. I think that is the baisic problem of gamblers they always want to win big by chasing after loses, and end up becoming broke to the extent of depending on people or friends to survive. I guest he may have learnt his lessons this time. For me I think you should have just given him some money despite you knew he was lieying about the rent issue, then tell him never to do such again let it now be on his head.

Giving him money has double meaning between these two friends. On one side the Op gets worried about what he'd end up doing with the money. If his friend's addiction gets worse, he'd have to blame himself for sending out arms to him. Lending him money is like offering him money. It'll be difficult for the addict to think of paying back his debt. However, the addict may be reaching out for financial assistance to everyone he's ever known. What is most crucial to gamblers is having money to satisfy their gambling urge. However, if his friend, the Op, didn't send out the money, his friend could have an alternative on who's next. I think it's confusing on the side to pick on such a situation. What Op did, seems right to him, for some reasons, which include that he's a friend to the addict. But the right thing is checking up on him. It's funny he wouldn't use the money to grab food or other utilities. He'd wager them.

Hence, his journey of financial help isn't a short one. Once he bypasses this level of financial stress for a few days, he gets used to this and ends up finishing his salaries earlier every month. Within him, he's gone through this and will next time. No way everyone would understand what he's doing. People do this out of addiction. And due to the actions of addicts who wager all their money till they end up broke, my idea on Op's friends was generated. If he's not able to take care of this earlier, it could affect his progress financially. So, Op has other jobs to do, like calling him once in a while to exercise his mental capacity, and then help him deal with it if such troubles erupt again. New mistakes occur each day. Gamblers need a guide.

[Yatsan]

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.

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.

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.

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?

We all know the answer and that's simply irresponsibility and greed. All of us are aware that there is always a risk for us to lose money in gambling. But why are there people literally being bankrupted due to gambling? It is no longer on your age but your maturity to balance the risk and consequences of this industry or activity. If you know to yourself that betting all of your money could put you in a situation that you'd be miserable, why would you still do it? We do get the point that if you become lucky, your money will multiply but bottomline is "IF" which simply indicates lack of assurance. It is okay to have hopes for a better life but never embrace too much of risk in return. You did the right thing lending him a few amount of money but if ever this scenario will be repeated then it would be better for you to limit your interaction with him especially if he will insist such favor to you from time to time.

[DubemIfedigbo001]

Dude is a reckless gambler, this one has outgrown irresponsibility. from my own understanding, he is gambling with his life as he exhausted his bankroll and turned himself to a beggar, I still commend you for at least helping him out. Its not bad to make a mistake, its only stupid when he doesn't learn from his mistake. He really needs to take things easy.

I hope you educated him on the importance of gambling responsibly and having a budget in gambling, lest you just opened a charitable outlet and be sure to have him back with the same stupid story sooner or later expecting you to have his back as usual.

[Issa56]

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.

Something you have to punish some people so that they won’t make similar mistake again, when you know you don’t have much money with you, why do you have to gamble with the one which you are having, and that’s what you will be using till month end before you will be getting another salary. If am in your position, seriously I won’t really give him any amount of money, next time he won’t make similar mistake, don’t be surprise that after giving him some money, he might end up gambling with the money also.

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

That’s what they call gambling addiction, some people will use the last amount of money they are having with them which they are suppose to use and feed themselves, they will end up using the money to gamble. Addicted gamblers do some crazy things which you will never think someone reasonable will do things like that.

[Hispo]

To be honest, I kinda feel some pity for your friend and I also believe you are a very kind person for giving him some money, regardless he lost all of his money because his foolishness. One can only hope he won't use any of the money he is begging for to continue to further dig himself a deeper grave.
I have never been in a situation where I have found myself without a penny and thank God I have not seen any friend or family going through anything similar.
Though, I have heard rumors and stories about people losing all their money in local casinos in my city, which are fairly new, by the way. I have read about people who have had to sell their trucks and personal cars before their gambling debts. Considering we are talking about a country like Venezuela, it is minnblogging how people can gamble away their cars and properties, at the same time there is people who barely can afford to eat.

[GideonGono]

I think those who are so addicted to the point that they would risk everything to enjoy their time and wouldn't care about the future, are those who always have someone to support them when things go wrong.
They are the ones who grew up having someone who would take care of them when they did something wrong or someone who would cover up for them.
If you want to help those kind of people then you shouldn't just give them out money for free let them earn their own money, help them by introducing them to any part time jobs that they could to survive.

[mirakal]

I have no sympathy for those losers. Had he won, he wouldn’t have talked to you. You would be the last guy in his mind when he was spending them profits. When they lose, suddenly you become his best buddy. Fuck him. Just leave him be or feed him with the generic crap like “sorry mate you deserved better in life I hope everything will be great in the future”  If you try to fix somebody who doesn’t wanna get fixed, you’ll end up broken like him.

Well, obviously you won’t be remembered if he won and made profits. You could be the last option for him since the rest of his friends have been tired already of giving him financial assistance and yet, everything still fall on gambling. If I have a friend like this, I would never tolerate his actions also but will teach him lesson that gambling is only good for those who have extra money, but for those who’s facing critical with their finances, it’s better to avoid gambling as much as possible.

This only shows that OP has been facing gambling addiction without him knowing, or he knew it already, yet he’s afraid to admit. While helping a friend is a good deed, but having this type of situation, it’s better not to help him anymore so he can learn his best lesson and realize later on that gambling will put him in misery if he continues to gamble irresponsibly.

[AmoreJaz]

I have no sympathy for those losers. Had he won, he wouldn’t have talked to you. You would be the last guy in his mind when he was spending them profits. When they lose, suddenly you become his best buddy. Fuck him. Just leave him be or feed him with the generic crap like “sorry mate you deserved better in life I hope everything will be great in the future”  If you try to fix somebody who doesn’t wanna get fixed, you’ll end up broken like him.

Well, obviously you won’t be remembered if he won and made profits. You could be the last option for him since the rest of his friends have been tired already of giving him financial assistance and yet, everything still fall on gambling. If I have a friend like this, I would never tolerate his actions also but will teach him lesson that gambling is only good for those who have extra money, but for those who’s facing critical with their finances, it’s better to avoid gambling as much as possible.

This only shows that OP has been facing gambling addiction without him knowing, or he knew it already, yet he’s afraid to admit. While helping a friend is a good deed, but having this type of situation, it’s better not to help him anymore so he can learn his best lesson and realize later on that gambling will put him in misery if he continues to gamble irresponsibly.

I won't judge the OP for being gambling addict himself just because he lent money to his friend. He can very well feel empathy even though his friend lost money to gambling, and he's just thinking that he had nothing to eat for the remaining days before his friend's salary.
But he can tell to his friend that next time he lost all his money to gambling, he won't give any penny to him. He needs to find something for himself to survive in the remaining days before he gets his funds.

[swogerino]

I have no sympathy for those losers. Had he won, he wouldn’t have talked to you. You would be the last guy in his mind when he was spending them profits. When they lose, suddenly you become his best buddy. Fuck him. Just leave him be or feed him with the generic crap like “sorry mate you deserved better in life I hope everything will be great in the future”  If you try to fix somebody who doesn’t wanna get fixed, you’ll end up broken like him.

I know an ex colleague of mine who we were not close at work at all,each one of us had their job in different departments and the maximum we greeted each other Good morning,Good day.One day though he called me exactly during salary day and asked me if I had 100 dollars to lend to him,I at first was completely shocked how come a person that just got the salary wanted 100 dollars but he explained to me that he had lost everything and had nothing to feed his family.I immediately helped as I thought it is better to lend someone 100 dollars and never see them again rather than not doing a good deed,I was stupid but I don't regret this fact as he never called me again from that day meaning that these guys are never to be trusted.From that day on I never lend a single penny to any of these type of guys.

[Sandra_hakeem]

Insanity isn't just a type of ailment that requires you to pull your clothes and hit the streets naked all the time... It could also be a byproduct of habits like this...

Insanity isn't just a type of ailment that requires you to pull your clothes and hit the streets naked all the time... It could also be a byproduct of habits like this...

I'm a gambler and I know how to spend wisely when the system comes calling. Gambling will trigger many many things in our life's but in everything, just ensured you're always on the right winning track this season.

I love your confidence and sense of understanding... But how would do you mean one should ensure to always be on the winning track?.. look, I'd even be an addicted gambler if I didn't caution myself over this ... Whatever strategies you might have that seems right ,doesn't really make it right...

Sandra 🧑‍🦰

[entertheabyss]

Insanity isn't just a type of ailment that requires you to pull your clothes and hit the streets naked all the time... It could also be a byproduct of habits like this...

I'm a gambler and I know how to spend wisely when the system comes calling. Gambling will trigger many many things in our life's but in everything, just ensured you're always on the right winning track this season, I know it's not easy but winning ought to be granted in all scenarios. Gambling until one go totally broke is never the plan and this is weigh out of the picture if you ask me. We gamble because we're in need of extra change but that doesn't mean we should go above the rules, rather we should be doing what we think is better.

[serjent05]

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,

One reason is that a person don't have a control over his gambling activity.  Probably he is hooked or addicted to gambling.  It is also possible he is chasing losses and got unlucky and decided to bet his last money.  In short it falls under irresponsible gambling habits.

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?

NO i don't have any experience on such thing but I do experience emptying my bankroll in my gambling sessions, it is my limiter in gambling.  Either I win the target amount or emptied my bankroll.

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 always bet until the last fund I have in my casino account each session but it never made me broke because I always make sure that I only deposit the remaining fund after I allocated my finances for my family budget and bills.

[Agbamoni]

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.

He got broke as a matter of gambling with greed. How can someone gamble till he lost his sences of reason of not knowing when to stop. I think that is the baisic problem of gamblers they always want to win big by chasing after loses, and end up becoming broke to the extent of depending on people or friends to survive. I guest he may have learnt his lessons this time. For me I think you should have just given him some money despite you knew he was lieying about the rent issue, then tell him never to do such again let it now be on his head.

Needs and wants that may have been the cause of him to continue gambling. Not all the time is greed. A person might be comfortable with his level of finances and have other expenses to take care which he needs extra fund. Gambling may be the only option he has to get more money so that he can do whatever he needs the money for.

I would appreciate if we reasoned the negative and positive side of things before jumping into conclusions. However, that doesn't mean such a person should use all the money that was planned for something in gambling. Self-control should be important, if a person lacks this, he won't be able to quit gambling even if he is wining. I think this is the most ideal problem such gambler OP mentioned is facing and your friend too.

[Casdinyard]

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.

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.

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.

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?

Anyone who only knows you when they are in desperate times isn't worthy of a sliver of help from you, regardless of whatever they have going for them. And I'm not in any of that altruistic shit since living right now is financially taxing and difficult so I can't be sparing some change for someone who wouldn't do the same thing for me at the end of the day.

Even more when they are asking for your help after they just splurged all their money on a fucking casino night, nuh-uh. They for sure have other options that they could rely upon and only saw you as a leeway cause they probably know you have some money on you since you're dabbling in crypto, all the more reasons to not let people know how much you make and how much money you got no matter what. Good for you, it's not about teaching people a lesson, it's about letting them sit on the bed they made and realizing just how difficult living is when you don't have money, and when you don't play your cards nicely. Be diligent and prudent, if you can't then don't go asking people for help when you're down in your luck. Simple as it is.