Topic: An interesting story and experience of a gambler - page 5. (Read 743 times)

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. 

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.

Gamblers think that life is ending and there is no hope to live after they lose some funds and lose their hope. Why they can't think about how they earn those lost funds? They are very happy when they are winning but when a suddenly small loss they face they lose hope and consider themselves like they are nothing and are zero. Every gambler makes a lot of money but due to their greedy nature they loss it. Just like in the story same thing happens he wins a huge amount giving a handsome fund to his mom and charity but when he loses his profits he becomes sad. I think we need to grow as a professional we can make again money after losing but the basic thing is to believe in yourself, when you believe yourself and on your capabilities, you can do anything that comes your route.

I think that you have been very lucky and at least you gave to your mom about 12% of your won amount to pay off some debts which is a great thing to do,you also bought those high tech devices and high tech consoles like Xbox X series.I think the only mistake you made is to have played the wheel and not slot machines (that is what another degen would have said) and tried your luck to get like x10000 with 35 bet,that would have been amazingly awesome to achieve.I think the fact that you got back the next day is a normal thing which many gamblers would have done and I don't think there is no hope for you,it simply takes a lot of time to learn patience and discipline which can help over the long run to make better decisions next time the luck hits on your door.

What strikes me is that the first thing he did was to buy a bunch of stuff he didn't need. Who buys 2 consoles at the same time? Does he want to start an arcade?
It makes me think of those cartoon characters that win some money and run around town screaming "I'm rich," throwing money around to show off.
Well' at least he gave some to his mother and to charity. That means something, doesn't it? He's broke, but he was broke before, with the difference that now his mom can afford stuff and he has new wheels for his car

Totally agree with this line on which as a human being there would really be no such thing about satisfaction but of course it would really be that depending on what kind or type of person you would be because not all would really be the same when it comes to approach on things which there are ones who are that easily get contented on what they do earn or win up but there are ones who are really that asking for more.

On the time that you would really be experiencing consecutive winning then you would really be having that kind of emotion boost up and assuming that luck is already on your side on which these feelings would really be the main thing that will really be making you to play even more on which it isnt really just that right on having that kind of behavior because this would really be causing up that kind of desperation
on which it would really be resulting that all of those winnings would really be coming to waste since it would really be losing back again into the casino just because of too much hope and expectation.

The person writing the story in the OP surely has a problem. But he is well over the first stop towards the right direction. And that is realizing you have a problem. Now he needs to seek some help. Get some sense of community. Reach out to his mum even and have a nice chat. But the best of all would be some constructive therapy.

OP for sure would benefit from some counseling by a professional. Being chronically poor is something very common today but gsmbling surely isn't a healthy habbit if you can't afford it. He had the right idea to stop. He can stop even now. There is no reason to feel bad about losing though. Think about the progress you can make. He needs to do that too. And to anyone that thinks of recovery, start and think about improving. Don't obsess about the past.

If it is on a winning position then that's clearly greed. Self discipline will indeed aid this however it is the hardest thing to imply to oneself, which makes this a bit understandable. Personally, I am guilty of such thing, there are times I would be desiring to earn more than to settle with a small profit, then end up with a complete loss but that's gambling. It will never be too late to make a change for yourself, for the betterment, all you need is to have the initiative or else, quit gambling because in the long run you'd more likely just be in deep loss.
Will be absurd to think that he's addicted already. Would be better to assume that he's just having his "wants" more than his "needs" if it causes him problem already. But I agree with the idea that he might got used of buying anything that crosses his mind because of confidence that he will again win in gambling. However, as we all know, gambling doesn't work that way. You may win sometimes but it won't always be happening, or should I say not too often that it will outnumber the tendency that you'd lose.

I won't hope that he will stop gambling. But the stereo and Xbox will not be lost in his possession if it's unboxed or else he might think of selling those items to gamble again.

If there is something of a souvenir to keep from the money he won upon betting $35 up to 1900x, it's the stereo and the Xbox. There is more to music and games since it diverts his attention. Who knows he gets more addicted to Xbox games than the porn he watches every day.

That guy might have a shopping addiction if he spends that much on the things he wants, but I think it's not a bad alternative if he'll be gambling his winning at some point. It reminds me of an old topic mentioning your winnings and spending them before it's too late.

The lucky win probably gave him a lot of confidence and maybe that's why he couldn't resist playing again. I've experienced that same situation, and eventually, you could be giving back your winnings within a short time if you start chasing your losses.

There is a statement he made there that "No matter how much you win you can never get satisfied". Yes this is a result of not being able to control himself, like as I always said whenever you have the first winning its just like giving you a free ticket to keep gambling because you would have this mindset that there are other possible huge luck out there you could win higher than what you have won. Of curse there is every possibility that you could win higher or above what you had won before but have you also consider the other side of yourself what it's causing towards your life because to me, when you gamble and win it increases your interest to keep gambling the more at this point you won't know when you might got sink in gambling addictions.

Lolz, you got me rolling 🤣 on the floor by your comment, will he opening the boxes and enjoying the music and Xbox games stop his addiction to gambling?

I personally think that this gambler has gone far in terms of being addicted to gambling, and one thing about addiction in something is, when it comes, one completely loses interest in every other thing, it is not my wish for him, but I highly doubt he won't end up selling all of those gadgets and items just to raise money to gamble, possibly when he must have lost his entire balance totally.

In the nutshell, opening and using this items won't help him heal from his addiction to gambling, and beside, this things night as well be things he already has, he just bought this ones because of the large amount of money that entered his hands and he doesn't know what to do with it - I don't know if this dude knows about crypto, he should invest the money on bitcoin.

We should learn that winning in gambling is not possible every day. Luck won't help me every day. If one gets such a win I think one should enjoy that win as well as utilize it properly. I have seen some gamblers that after they win in gambling they spend that money in some useless places and after few days when they lose in gambling again they cannot manage the money. He has to take help from others for money. Although the person you mentioned spent on his own needs and some other places as well but in my opinion he should have spent on some pro active work. If a gambler invests his winnings in an investment platform, he can get a certain amount of money from it, which further contributes to his gambling.

The problem is that the person is gambling to make profit, and maybe take gambling as his job. This was the reason why he spends extravagantly, and keep on gambling due to greed without thinking of quitting. He is regretting now because he feels there is no hope in life anymore and gamble was his only hope. Losing such huge amount frustrated him. One thing that I understand with spending is that, if you get the money without effort, you will spend it on stuffs that you don't need because you just feel like spending, believing more money is coming.

This is why one should not think of making profit from gamble but see it as fun, and if you become lucky and win, don't think that you will be lucky again. This will make you use the money wisely, and you will not gamble hoping to hit it big again, because this is where the problem lies. You win small or big and you are not satisfied, you will lose bigger instead.

This is a case of multiple addictions in action because from the look of things, it seems that the gambler or victim seems to be out of control and he really needs some quick help if not, alot could go wrong with him at the end of the day because as it is, he is going to lose everything until his entire balance becomes zero at the end of the day.

So the best thing for him to do right now is to take a break from gambling for a while and try to forget about the entire figures and accept the fact that casino always wins.

That's what you called greed, the person in the post experience the luxurious life of having more money but the thing is he didn't think much and spend a alot in so many things, it can't be helped maybe he is just fullfilling his childhood wants or dream but the thing is the most practical is that the person in the post should have some money for investment or anything that could make his money grow, execpt gambling, see that example because of the taste of winning a lot of money drive him to gamble more in order to win again, little they know is that the more you have the taste of winning in gambling the more you will want to bet more, see rhe example, from a lot of money to none, its because they didn't learn to control themselves and let the greed and desire take over and that is a common mistakes fron those new in gambling.

indeed, an interesting story, lots of it keeps popping up on Reddit. He's an insecure gambler. Never had a target or plan. That's why he had to try again after his first big win. If he had a plan of doing something meaningful with that money, like starting up a business, he may have been busy trying to manage his money. Not saying giving to charity is wrong, as he did. But he wasn't sure of himself being financially stable, before making all those expenses. Now he's got no money, which shows he made the wrong choices or decisions. He moved from living large to not living at all.

That's the psychological aspect of gambling, going back to invest in what gave us the money, is a natural human behavior. He wasn't prepared to manage his moves in the last session which took long hours. And I think he got carried away by the losing streak. Those losses made him unsure of what he was actually doing, so he kept on going since some bucks were left. I think he'd convert those tech items to cash and use it to gamble again. The house takes back everything. Even he could convince his mom to lend him some funds, to try his luck. I don't think he is stopping soon; the money has been tested and it seems good to him. Moving back to square zero won't sit right with any gambler after winning as big as the player in the Op.

A lucky gambler that can’t appreciate his won but rather focus only on his losses which is just his profit from his first huge mean.

The subject is obviously doesn’t have contentment on his life that’s why he keeps chasing win after win despite he already got super lucky streak. He also give money to his mom and charity plus the things he purchased which in total is already above his original bankroll that still worthy to celebrate not to sulk.

This guy shouldn’t gamble because no luck in the world can satisfy his greediness since he even feel regretful despite he is still in profit overall.

The good thing that he had done is that he had at least make  those winnings been partitioned on which he had given some money into his mom, he had purchased some stuffs lie gaming consoles
and other things which he does like, he did even donate to charity but the biggest mistake he had is that believing about giving or doing something good could bring out luck factor on which its
really that very wrong because this isnt how luck chance would really be increased. Also, if you donate then dont expect something in return because you would really be just that blaming God in the end of the line.  . Greed is never been that something could be removed into a human being. As long you are really that knowing that you could make money even more then you would really be doing
your best on trying out to achieve something bigger on what you had hit up before on which it is really that very wrong approach specially on gambling.

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. That's why he was able to tell the story and so he is trying to control himself. But what he had no control over was the urge to open another account. And then he goes over to this reddit r/gambling for help, that's the kind of gambler he is.

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.