An interesting story and experience of a gambler

[Davidvictorson]

I thought that this was one of those stories with a happy ending. I thought it was going to end with a sentence like, "yeah, I got back at those casinos for all the losses I have ever experienced by closing my account and quitting gambling forever." Unfortunately, I am disappointed not because it didn't end that way but in his moment of vulnerability which for me is the time when he was experiencing a winning streak, he had no friend or confidante to talk some sense into him to slow down. Well, his losses has slowed him down. There is a lesson to learn and he has learned it the hardway.

[Alpha Marine]

I don't think he has a gambling addiction, he just have money management problems. What happened to him is what happened to a lot of gamblers, the difference is, in the amount. Most time we win a bet and lose most of the money to more gambling, but in his case, the money was really big.

I have two things to learn and say from this.
First, this is a classic example of knowing when to stop. It goes both ways. We need to know when to stop when winning and when to stop when losing. I believe he didn't lose all that money at one, it happened over a series of bets. If he stopped after a certain stage he most likely would not have lost it all. There is always this voice in our ear that'll say "you hit it big next" "you might recover your losses from the next bet" and so you just keep trying again till there's nothing else to try with. That doesn't mean you have a gambling addiction, that's just how gambling is.
That's why I always say we should have a set out percentage we want to gamble with and try as much as possible not to exceed that amount. It's easier said than done, I know, but it's doable and it saves us from a lot mayhem. It helps me a lot.

Secondly, we should know how to manage money. I read somewhere that we should know what to do with money before the money arrives. Everybody dreams of owning millions, but give one of such person a million bucks today and they won't know what to do with it, this may in turn make the person squander the money. 89k is a lot of money and it's funny how he didn't think of putting part of the money into something that'll give him more money.
I believe if we plan how to use money even before having any hopes of getting that money, we'll manage that money better.
Plan yourself in a way that if $1 million hits your account today you know what to do with it, don't wait till you have that money before you start planning on how to use it. 

[South Park]

Hi everyone,

So, like few hour ago, I was scrolling through my reddit feed and found a post that was made on one of the gambling channels on the platform, I opened the post to read and behold, it was a gambler telling his own story and experience in gambling, I found it quite interesting to read, plus his experiences could also serve as a valuable lesson to some of us here, so, I thought I should share it.

Read the whole story in the shot I post below, you can also click the shot to view the original post on reddit, and as well read reddit users comments on the post..

What exactly do you think we call this type of gambler? For he is not only addicted to gambling, but he seem to be also addicted to buying stuffs he obviously does not need, and absolutely not interested in..

Again, alot of money can be made through gambling if one is lucky, but it also can destroy the person if he or she does not, or fail to control him or herself..
Anyways, lets discuss about this, feel free to put your comments below.

He is an addicted gambler, it is just that now his addiction is not exclusively contained on his gambling and now it is expanding to other aspects of his live, after all if you are irresponsible with your money while you gamble, it makes sense you will also be irresponsible with your money when doing anything else.

In my opinion he is in one of the last stages of addiction, and unless he does something quickly, he may reach a point in which he may never recover.

[Yaunfitda]

Impulsive that's it, and because he has a lot of money and it all came from his winnings, he thought that he "needed" it. But damn, been playing Crazy time I wasn't able to get that big win of him although I don't bet as high as this guy or at least I'm a conservative gambler. And yes, as others have said, he could sell those items below the price he bought it if he wanted to get some money of things that he see doesn't have value for him. And just like what we say though in gambling, he is really that addicted and there are no control and he give it back to the casinos and now, he has nothing again and it's going to be a vicious cycle.

[Wexnident]

~

The hell is he going to use 2 XBox consoles for is the real question I want to ask. Addicted and irresponsible really. Being kind and good does NOT excuse you from the responsibilities you have to yourself, and well, spending money to buy stuff that you probably wouldn't even use all at once can be counted as being irresponsible in my book. Could've planned out his purchases, maybe even add in investments if possible but no, let me buy this giant ass speaker and two consoles (that I probably will not use) and some other stuff that I bought because I was high in money.

It's not even about gambling imo, even if he didn't gamble, I reckon he would've 100% splurged his money god knows where.

[DubemIfedigbo001]

What exactly do you think we call this type of gambler? For he is not only addicted to gambling, but he seem to be also addicted to buying stuffs he obviously does not need, and absolutely not interested in..

I think the guy acted on so much excitement and impulse without firstly sitting down to properly plan the funds in his deposition. He was normally extravagant with funds and at the slightest opportunity, he unleashed what poverty has suppressed in him for a long time. I also think its the first time he's having access to such funds and I'm not surprised how he wasted almost everything immediately. I really think he might continue until he's back at the penniless stage he started, later on will move to selling those gadgets he acquired mindlessly to suit his gambling addiction If he's not careful. The best thing for him now is to quit gambling until his terrible urge subsides a little.

I had similar experience at 2015 and 2018 when I hit $7k and $10k  respectively. I was young and stupid, and as a result wasted precious funds thinking I'll continue winning, but it never came again in such magnitude. I learned my lessons the hard way and had to angrily avoid the bookies for almost three years. I really hope this guy has learned his lessons, else there's more trouble coming his way.

[letteredhub]

I thought that this was one of those stories with a happy ending. I thought it was going to end with a sentence like, "yeah, I got back at those casinos for all the losses I have ever experienced by closing my account and quitting gambling forever." Unfortunately, I am disappointed not because it didn't end that way but in his moment of vulnerability which for me is the time when he was experiencing a winning streak, he had no friend or confidante to talk some sense into him to slow down. Well, his losses has slowed him down. There is a lesson to learn and he has learned it the hardway.

Sorry for the disappointment, it's a never happy ever after real life story and I think the guy in question is a gambling freak, as in, he's a gambling addict judging by how he couldn't control himself to holdback and enjoy his money after closing his account he still went on creating another new account and got himself wasted. Fuck him for making the story not to end in favour of a gambler at least for ones.

[Poker Player]

What exactly do you think we call this type of gambler? For he is not only addicted to gambling, but he seem to be also addicted to buying stuffs he obviously does not need, and absolutely not interested in..

Again, alot of money can be made through gambling if one is lucky, but it also can destroy the person if he or she does not, or fail to control him or herself..
Anyways, lets discuss about this, feel free to put your comments below.

He calls himself a degenerate gambler. He may not be addicted in the sense of having the need to gamble every day but he has dysfunctional behavior.

This kind of thing could be avoided if people actually understood deeply the concept of expected value.  The moment he wins 65,000 with a bet of 35 he is winning much more than the expected value. A bet of 35 in a casino is always worth less than 35. So, if the expected value is 34 for example and you win 65,000, you have been too lucky and you are going to pay for it by losing a lot if you continue betting. On top of that, you still deposit 2K and turn it into 30K, so you are already at the limit of having so much luck that you have nothing left to lose. And what does he do? Keep betting, and therefore losing.

[Samlucky O]

Again, alot of money can be made through gambling if one is lucky, but it also can destroy the person if he or she does not, or fail to control him or herself..
Anyways, lets discuss about this, feel free to put your comments below.

Gambling win always comes with an uncontrollable force that can drive you into doing unexpected things. Sometimes I wounder if the cause is due to the money being a free money. Because most people take winning for granted. After several loses if they manage to win they think the best thing to do is to have fun which will make them loss the money. I can't really said he made a mistake in buying the unwanted home appliances because that is all what he can lay his hand on or his achievements and if perhaps he didn't buy the claimed unnecessary items, he would have surely spent it on gambling in his second newly created account.

He can sell those unopened boxes the stereo and xbox if he wants to but it also sounds like he doesn't wanna do that.

I don't think if it is necessary to sell it, and I hope he doesn't sell it. Because that is the achievement of the money he won. Sometimes the thing we spend money on and think it is not useful usually becomes useful Afterall, just that it has not been utilised yet. When he starts using it, it becomes a testimony of what he has achieved so far in gambling

A person doesn't really realize the gravity until it's too late. It's his battle and no matter what advice is given to him, those unopened boxes will tempt him. He should open it already and enjoy the games and music.

Exactly.. that is also my sudjestion to him. Opening those boxes will be his chances of achieving a tangible thing in gambling, otherwise he will sell them and use the money to chase after loses.

[danherbias07]

Bad financial handling.

He knows he won, he gave some to his mom. He also spends some of it on some items that I think are expensive and if it is still unboxed then it means he doesn't really need it. I guess he is also affected by envy from the people around him. Maybe they have high-end stereo and two Xboxes too and so he wanted them all for himself after he won. The sad part is the part where he went back. He already closed his account which I think means that you are done with gambling. From one good decision to a bad one.
I don't think he has a mental problem, he just doesn't have a plan for what he will do next which is why he is spending the money for things that he doesn't need.
He just need a plan or a financial advisor to keep things straight.

[Hewlet]

Anyways, lets discuss about this, feel free to put your comments below.

the truth is that you don't just get satisfied with your current win when something inside is telling you that you can win more if you played again. It's a normal thing that happens to all of us. It's not not just peculier to the dude. Most of us here can't comfortably work away from gambling even after winning millions, one of the first and primary thought that will come to your mind is that since you've won but now, maybe it's best you improve on how you do your staking. Maybe you should just choose a game and stake with a huge amount since you have the resource already and that if you possibly do it over and over again, luck will still shine on you and you will even win more.

What we shouldn't forget is that money has power and having the ability to controlling it is one of the most deficult thing we can think of doing. But at the end of the day, gambling money should always be seen as a passive income and never to b followed as one gotten from our skills or whatever. You're lucky to win today but if you aren't carefully, you might still loose it all the same them. Lik he's said already, gambling is not for jerks, it's for th matured mind. If you don't want get in situations like this that can possibly traumatize you for a lifetime, stick to maximum of one time gambling per week and never gamble above maybe  5% of your weekly earning so if you choose to gamble after hitting it big, it doesn't really affect your entire win.

[Davidvictorson]

Sorry for the disappointment, it's a never happy ever after real life story and I think the guy in question is a gambling freak, as in, he's a gambling addict judging by how he couldn't control himself to holdback and enjoy his money after closing his account he still went on creating another new account and got himself wasted. Fuck him for making the story not to end in favour of a gambler at least for ones.

Common man, you sound too harsh on the guy as if you have some personal beef with him. This can indeed happen to anyone.

In my estimation, the guy got carried away. It is possible that he had so much time on his hand that all he did was gamble. You know loneliness can also make someone find comfort in gambling and it doesn't mean that the person is a gambling freak. I know that when it is done without moderation it could result in gambling addiction.

[mu_enrico]

I had a significant win a week ago and a smaller win just yesterday. Both of these winnings have already been used to purchase a bunch of things I wanted
Got my new DAC, mechanical keyboard, wireless mouse, etc. Do I want to deposit more because of this? NO, since I have and follow my gambling budget. If the next time I deposit and lose, it's just like the usual unlucky day.

The problem with OP's story and many others is about GREED. After winning big, he wanted more and deposited more money. He should have stopped and enjoyed his winnings. Don't ever think about some formula to beat the house and get rich through gambling.

[Crypt0Gore]

This person is battling with multiple addictions, gambling came into his life and make those addiction a reality, many people must be the same, thinking that if they can be lucky to make some money someday, they will buy a lot of things, including the things that they don't need.

What did he planned to use two Xbox series s for? Even those who are hardcore gamers don't do the same, this person is a lost soul he doesn't know what he wants, he have the desire of wasting money.

I would have invested the majority of that money first, this one opportunity can change his story forever if he managed the fund very well, but unfortunately many people are like this.

They look so lacking but once they get access to some fund they will choose to lavish it all, some people are like this.

[Alphakilo]

I had a significant win a week ago and a smaller win just yesterday. Both of these winnings have already been used to purchase a bunch of things I wanted
Got my new DAC, mechanical keyboard, wireless mouse, etc. Do I want to deposit more because of this? NO, since I have and follow my gambling budget. If the next time I deposit and lose, it's just like the usual unlucky day.

You are living my dream. I had always wanted a mechanical keyboard and a wireless one. My life would be much better with them. You are one very lucky gambler.

Sometimes when I read the type of stories in the OP and read about gamblers who were in the same situation but were sensible enough to succeed or overcome such temptation, I just want to send those types of people an email with examples of people who were in their situation.

Maybe it would serve as motivation, encouragement, or inspiration. I don't know, but I feel that it would somehow help them. And yours is one of such examples

[letteredhub]

Sorry for the disappointment, it's a never happy ever after real life story and I think the guy in question is a gambling freak, as in, he's a gambling addict judging by how he couldn't control himself to holdback and enjoy his money after closing his account he still went on creating another new account and got himself wasted. Fuck him for making the story not to end in favour of a gambler at least for ones.

Common man, you sound too harsh on the guy as if you have some personal beef with him. This can indeed happen to anyone.

In my estimation, the guy got carried away. It is possible that he had so much time on his hand that all he did was gamble. You know loneliness can also make someone find comfort in gambling and it doesn't mean that the person is a gambling freak. I know that when it is done without moderation it could result in gambling addiction.

Smiles! Not at all, there's no hard feelings not to mention a beef. And it's true this can happen to anyone it's just that we pray it doesn't happen to us using this experience as a reminder that gambling should be treat with a sense of maturity and discipline. Boredom could be so frustrating that loneliness that comes with it can make you want to take comfort even in uncomfortable phenomenon. I think we gamblers should also make it a culture to find other productive activities to engage into or even spending time with families and colleagues to avoid exposing ourselves to such disastrous losses.

[2Pizza410000BTC]

Hi everyone,

So, like few hour ago, I was scrolling through my reddit feed and found a post that was made on one of the gambling channels on the platform, I opened the post to read and behold, it was a gambler telling his own story and experience in gambling, I found it quite interesting to read, plus his experiences could also serve as a valuable lesson to some of us here, so, I thought I should share it.

Read the whole story in the shot I post below, you can also click the shot to view the original post on reddit, and as well read reddit users comments on the post..



What exactly do you think we call this type of gambler? For he is not only addicted to gambling, but he seem to be also addicted to buying stuffs he obviously does not need, and absolutely not interested in..

Again, alot of money can be made through gambling if one is lucky, but it also can destroy the person if he or she does not, or fail to control him or herself..
Anyways, lets discuss about this, feel free to put your comments below.

I have read the whole story but from here I understand that gambling can make a man destitute very quickly. Here I would blame the person you quoted because he should not have used his entire winnings to gamble. When this quoted person made 30k by depositing 2k, he should have kept 2k from this for gambling and the remaining 28k for himself but he got greedy and used it in full bets hoping to get more and ended up losing it all. Every person should take a lesson from this because gambling platforms should never use the entire portion of income. Always use a fixed income budget for gambling. Also, when gambling has high profits, one must control oneself and take time to participate in the bet later.

[Gozie51]

Read the whole story in the shot I post below, you can also click the shot to view the original post on reddit, and as well read reddit users comments on the post..

The lesson to his story is just as we have known with gamblers who become greedy after good wins. He made more effort to win and he kept playing with high stake instead of taking a break and continue the next day. We also learnt that in between lock, you can lose part of your money or all depending on the appetite of risk taken and increasing your stake randomly is one factor that pulls gambler down.

However, I notice he is either a philanthropist or someone who likes to gift people. Nothing is bad on that but it has to come with moderation and you won't depend on gambling to be gifting people or making people to rely on you to give them some financial benefits, that is already an addiction in itself and dependent on winning which means he will pressure himself in his gambling and that isn't nice to be playing under pressure.

[Wakate]

I thought that this was one of those stories with a happy ending. I thought it was going to end with a sentence like, "yeah, I got back at those casinos for all the losses I have ever experienced by closing my account and quitting gambling forever." Unfortunately, I am disappointed not because it didn't end that way but in his moment of vulnerability which for me is the time when he was experiencing a winning streak, he had no friend or confidante to talk some sense into him to slow down. Well, his losses has slowed him down. There is a lesson to learn and he has learned it the hardway.

I think this is why gambling is not for everybody. We need to be prepared for the future consequence because if we don't have self control, we might hurt ourselves at the end. This is a story for the strong not for the weak. There are people that gambling has done bad to them than good and we need to learn from this kind of life story so that we can always adjust so that we don't let gambling to eat us up to the bone. It is better we try controlling our gambling habit now before things might get worse that what we thought. We need to keep adjusting in a way that the consequences of a reckless gambling will not descent on us.

[danadc]

There are people who are compulsive accumulators, this is good in a Country that has inflation problems, corralitos or something like that , where they compare things they don't need, but at the time of crises what they do is sell it to have some money, not It's bad but you have to know how to do it, although the player is a bit addicted, he should get in touch with what he can do well, for this reason, in order to have real bets, we must manage many conditions that Favor us, for the casinos too, So in view of these things it has to be given that control is very important in all this , for that Reason when we are looking for more things in the casino we must be very realistic with things, we cannot spend more than we should, the story is Just enough to realize what we Should not do.