Gambling loss lead to suicide! - page 2.

EluguHcman

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

As said news you should have also dropped us a link to read through too because the official source narrating of such sadden stories could help next victims planning to take such decision of taking their own lives too.

Regarding that this has not become something new, we still don't have to look away from it because all lives worth to live. Especially such with responsibilities of families and children taking their own lives at the course of frustration and shame of being indebted or loosing their life savings at the course of chasing riches in gambling.

Let it be reminded that taking your own life is not the best decision because who stays alive and effortlessly strives on making good changes are potential to overcome those challenges. Just matter of time.

These recent and past suicidal events of gamblers taking their lives should serve the rest a big warnung to always bet what is affordable to loose because no amount of money is worth a life.
I feel pity for the deceased family.

GreatArkansas

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

Something is strange here, how can a person bet 150k in just a single bet? While he is earning 40k annually can he earn the 150k in working for almost 4 years?!!!
This is not normal anymore; it's like he bet his whole life on just 1 single bet, and it ended badly, this is already out of control and the worst loss I ever heard based on the bettor's situation not unless he can earn that 150k in just a few days/weeks like it's just cents for him to lose it.

Coin_trader

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

It’s very hard to get over with this kind of loss since this loss is almost 4 years gross salary and probably he saves this for more than a decade of work since he has other expenses for his family.

This guy probably experienced minor losses then get greedy on chasing his lose quickly that turns out to become a disaster loss. I experienced this kind of feeling during my newbie days using the money I earned on crypto investments that was supposed to be a year of my salary at work.

It’s very hard to cope but I manage to find way to recover through another series of investments on crypto and avoid gambling for a long time.

laijsica

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

We should get rid of the foolish lifestyle. Why do some people have the wrong view of their most precious life? Gambling is an art form, once you start abusing it, it will throw you out of the circle. Gamblers should continue their activities for fun by applying their own strategies and placing small bets every time. If greed in you is excessive and the main purpose of earning is to earn money, then it will definitely wreak havoc in your life.

You have seen many cases in the news where people commit suicide or become mentally disturbed and because of these people, others have a negative perception of gambling. Actually, when you gamble, it should be that you do not bet a large amount of money. Your mindset should be that you are going to lose in this bet and spread it in other bets in small amounts.

meser#

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Unfortunately, this behavior is very common among gamblers. Wherever you go in the world, you will meet a gambler like this. Something similar happened in my country (Turkiye) recently( Maybe 15 or 20 days ago) . A boy who gambled away the money his father had sent for the treatment of his sick mother (cancer) committed suicide. When the ambition of people combined with gambling addiction only one result will appear; destroyed lifes. Not only one person's life and his/her relatives will affected by it.

alegotardo

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

Greed is a powerful force that can lead to impulsive and destructive decisions in gambling. This person was certainly driven by greed and possibly the illusion of a big win. He gambled a significant amount that far exceeded his annual income (almost 4x what you reported) due to an irresponsible decision combined with a lack of financial management and an inadequate understanding of the risks involved.

Obviously, this decision created an unsustainable financial situation and the financial pressure combined with the shame and regret may have been too much for him to bear, leading him to this extreme decision. The worst part is that this is not an isolated case. I think I have read at least 5 or more reports of similar situations, all from people with wives and children.

However, the warning is always about the importance of responsibility and risk management in gambling. We should always play only with money that we can afford to lose without compromising our financial obligations and personal responsibilities. Greed and the illusion of quick gains can lead to irrational and disastrous decisions like this one that sometimes end tragically.

uneng

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

What's your take on this matter?

The gambler got desperate, because the loss of a single bet resulted in the income he would have to work almost 4 entire years to recover. Moreover, he had a family to sustain. Those could be the savings to be used for the educational future of his baby, besides the welfare of his wife. And we don't know if he had already lost further amounts of money before placing the 150,000$ bet.

Potentially, the answer is positive, considering to place a bet of such size is a clear demonstration of a final and desperate move by him in order to recover previous losses and return to the game in a good shape. He saw no exit for the trouble he got into and did what he did... That is very unfortunate, because if he had cooled down his head and thought about the matter in a more rational way he would have found an alternative.

40,000$ annual income isn't bad, and with proper management he could overcome the losses in some years, while treating the gambling addiction and compulsion.

CryptSafe

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

If you had dropped a link to this story, it would have been much better but this is not the first I have heard of this scenario, in my country last year, a man borrowed money to gamble and he lost everything with high expectations that he would win so he could pay back his debt but his hope was dashed and he committed suicide. The post has its link on this platform and if I come across it I would edit this post and put it here. I believe over expectations, disappointment, and the money used in gambling cause all these sad news after failed games.

Sometimes, people who take such a risk to gamble such an amount of money must have gotten the wrong advice or information which led them to use such an amount of money to gamble with high expectations and when they end up losing, they get frustrated and commit suicide leaving their families to pay back the debt they took for gambling.

cryptomaniac_xxx

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

That is gambling though, maybe it will be good if you provided the link so that we can have more thoughts on what the man gamble that hug amount of money in a single bet, what kind of games it is because I don't understand that someone will go all in a single bet when everything is on the line. And most likely he can't take that big L that's why he decided to take his own life.

Just very unfortunate and sad news to hear because of what he has left. Obviously, any gamblers take here is that we shouldn't do this, there will be other ways to survived in this life even if we lost everything in gambling. And for those who are in the same predicament, we should just think that there will be always a solution. I know it's hard to quit gambling, but it could be a good start if we lost big money.

bhadz

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

He's addicted, he's greedy and he's lost a lot. And that's why it took me to lose 150k in total because he thought that he'll recover that. This is another sad news. Every gambler should have a budget on how much max loss they can have. Because if not, we'd be insane and we will never recover the amount that we've lost already. That's why if you're up for it, you'll never get to the end point of it because the loss will be having on top of it with another loss. It feels bad whenever there are news like this. To the addicted gamblers there, don't waste your life.

TopT3ns

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

People often find themselves in a choice, the potentially better life is achieved with financial problems, or the uncontrollable emotions bring the desire of a better life. The decision of the amount is not only the risk but the desire that can come from the necessity to effect the change in the short period of time. However, when it comes to result missing one feels desperate especially until one feels that he or she has lost direction. This proved that due to life’s pressure one can take risky decisions and do not look at the consequences. Such things prove that even a minor mental or emotional pressure can alter choices made and people should not dwell alone as they are never alone in struggling.

Charles-Tim

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Quote from: sokani on February 04, 2025, 05:49:00 PM

How can one use his 4 years salary to bet on a single bet? That's absolutely crazy. This is reason why we are constantly reminded/warned not to gamble with our life's savings, to gamble only with what we can afford to lose. In this case I cannot tell if it was greed or addiction but this is a warning to us all to look before we leap. There are decisions we'll take that does not only affect us but also our dear ones.

Do not make such conclusion. The OP does not included any link and we can not just completely go for what he posted. I think he did not lost the money at once. He will start with some amount of money and lose. He will want to recover the loss and continue to gamble but lost more money until the money were all spent on gambling.

rhomelmabini

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

Only a retard would do that and end his life, you are making paycheck to paycheck and decided to bet it on a gamble? He's probably not thinking straight during that time and ending his life wasn't the answer considering it's all just a money. This is madness and people need to wake up that gambling isn't the only key to take risks on something especially if that's the lifeline of your family.

Ndabagi01

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

Humans should know that there is no setback that befalls on anyone that is worth taking your own life. That’s not a good etiquette and that shouldn’t be condoned whatsoever. Now that he has taking his life, he has now left a widow and and orphan behind which their own life may become miserable as a result of this. He gambles more than he can afford to lose and that was why taking his own life was the only option that came to his mind. Seeing the figures of salary he earns, we may as well say that he’d borrowed the money and was looking for an escape route out of the big disaster he has fallen himself into. What a very sad loss which he shouldn’t have done.

sokani

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Quote from: Frankolala on February 04, 2025, 01:44:26 PM

This is more than addiction because how will he use almost 4 years of his annual income on a single bet. Did he think that it was a sure bet? Greed was what made him commit suicide, and this should be a lesson for gamblers that thinks there is a sure bet somewhere. Addiction might also be the cause of his wreckless action. No one should put the blame on gamble.

How can one use his 4 years salary to bet on a single bet? That's absolutely crazy. This is reason why we are constantly reminded/warned not to gamble with our life's savings, to gamble only with what we can afford to lose. In this case I cannot tell if it was greed or addiction but this is a warning to us all to look before we leap. There are decisions we'll take that does not only affect us but also our dear ones.

Felicity_Tide

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To me, this case doesn't sound like a case of addiction, considering the man's annual income, and the amount that was risked. Because if someone literally gets a total of 40K(of whatever currency), and risked 150K, then it's likely a story of trying to go all in at once. It's quite unfortunate, but like I will keep saying, suicide is never a last option. Probably, he must have messed around with his life savings, and maybe that of his wife and friends around, but the whole thing didn't go as planned.

Trying to go all in is a very common greed these days. Of course, it gives more profits, but like I will keep saying, some risks are not worth taking. Whatever game he placed bet on looks 100% certain to him, but at the end, the negative side of gambling happened to him. Now, he has left behind children in a world that demands good and complete parenting. It's quite sad though.

nakamura12

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If I am correct about my guess is he bet it in one go hoping to win huge but there's also a possibility that he may have set it to max or the wrong amount and it set to that amount which he lose hope and lead to suicide. In my journey, it is not easy to stop gambling and I aks family for help and finally stop because if I hadn't had help then It may cause stress or losing hope. We really can't help since it's in human nature to be greedy.

Hispo

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Quote from: AmoreJaz on February 04, 2025, 04:48:01 PM

Quote from: Hispo on February 04, 2025, 04:38:03 PM

Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

In my humble opinion, someone who decided to take their own life after suffering a gambling loss had already an history of suffering from mental illnesses and they were never supposed to step into a casino in the first place. Someone who is mental stable and suffer such a huge loss would not try to end their life as a first option, they would try to find more money to chase their losses.
I am not a doctor, but it is very likely this was a poor man who suffered from anxiety, depression and other undiagnosed problems, and decided to cope with all of it by partaking in gambling and going big in his bets/wagers.
Regardless of what he suffered from and what he did, I hope he is in a better place now, where he cannot longer suffer. 💔

We can't really judge that person who took his own life because we don't know the desperation or depression that he was going through. Someone close to him or his immediate family member should have seen his unusual behavior. However, most of the time, it is already too late for them to know what he was dealing with. Also, some won't care up until the person was already gone.

I am not actually trying to judge him or belittle him for what he did to himself, though. I was just trying to make some sense out of it, finding reasong for someone to deal with such amount of cheer desperation and loss of money, which leads them to die by suicide.
Anyone who mocks suicidal people or people who have taken their own life are mean and even disgusting, for lacking the minimum of empathy one expects from another fellow human being.

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Quote from: Findingnemo on February 04, 2025, 12:38:35 PM

I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?

Gambling is a very serious addiction. This gambling game gradually pushes people towards addiction and at some point people decide to commit suicide along with many bad deeds. Here the person who gambled and lost 150 thousand taka in gambling, the person actually gradually became addicted to gambling. Finally, finding no other way out, he chose the path of suicide. However, instead of choosing the path of suicide, he should have chosen the path of getting out of gambling and getting out of addiction because if he had an annual income of 40 thousand taka, he would have definitely been able to live a good life. To me, it seems completely stupid that they chose the path of suicide.

alani123

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We've kinda been over this.

Gambling is a plague if left unchecked, but also extremely hard to keep at bay because many people are at different levels of desperation.
Try to consider that society in general is lacking in providing support to those most in need.

If we could keep our hospitals, public health systems and mental health services at sufficient levels then these issues would be much less common. Social gambling would very rarely result to suicide because it would never be so extreme. Yet now, having removed the social aspect, we see all kinds of bad things happening.

Topic: Gambling loss lead to suicide! - page 2. (Read 305 times)