This is exactly one of the risks of gambling, being addicted, this happens because the gamblers cannot control their ways and willing to manage the funds, emotion, and also willingness to gamble.
And being addicted is very usual in gambling, most of them are experiencing this. But it may vary o how hard the addiction is.
or his case, he may not change enough if he is not treated carefully and wisely. Sometimes, losing much money can also make someone feel stressful but sometimes they are eager to play more and more.
Topic: Man lost £20,000 in one night after becoming addicted to online gambling! - page 17. (Read 3830 times)
May 12, 2021, 05:37:10 PM
May 12, 2021, 04:56:33 PM
I'm a bit skeptical about this news since the man seems more like a photo model than a gambling addict, and the advertisement tho.. (cough @Footsteps)
Anyway, if the story is true, the problem is always betting tremendous amount of money that he couldn't afford to lose. Remember the 10:90 principle, 10% of your net worth max for gambling, and this problem won't exist.
I don't know, losing 10% of your net worth is already a lot, from my standpoint. True, it's not a killing amount, but it's enough to make someone think about getting it back, "to recover the losses", as gamblers like to say. I think a gambler should risk not more than he/she can easily afford to lose. Losing 10% of all your money is never easy. Anyway, if the story is true, the problem is always betting tremendous amount of money that he couldn't afford to lose. Remember the 10:90 principle, 10% of your net worth max for gambling, and this problem won't exist.
May 12, 2021, 04:50:47 PM
if you gamble for the wrong reasons like getting rich over night you will learn this the hardway!
It's unfortunate that for first timers in gambling they usually win the first few games which clouds their judgement and want to go all in as they build confidence not knowing that's how the gambling addiction starts as you are forced to chase your losses.
Sad news for the lad that took his life, if you suffering from gambling addiction talk to someone,it should never end this way.
It's unfortunate that for first timers in gambling they usually win the first few games which clouds their judgement and want to go all in as they build confidence not knowing that's how the gambling addiction starts as you are forced to chase your losses.
Sad news for the lad that took his life, if you suffering from gambling addiction talk to someone,it should never end this way.
May 12, 2021, 04:28:01 PM
I don't know why they are caught up in this moment but I think people know the risks yet they still try. Was it appropriate for him to call the gambling firm wrong or he was right? (See the last part of the article or better read the 3 mins. article instead)
I guess people do not really end up gambling because they are addicts, they are addicts because they gamble. What I mean is you do not know if you would be a good gambler who just does it time to time with a small amount you can lose, or if you are a person who would get in and lose 20 thousand pounds when you get addicted, it is really weird.I personally do not feel like I could do anything like that, not that I have the money for doing it anyway but I probably won't do that at all, it would not make any sense. This means there are some people out there, probably kids right now who will grow up, and they have no idea what kind of gambler they are, maybe you will be fine and spend 50 quids on it per month, or maybe you will get addicted and go crazy and lose everything you ever owned, nobody knows until they try and that is a scary feeling to be honest.
May 12, 2021, 02:25:58 PM
Addiction is a serious thing and I don't like that people say that you just have to be strong willed if you want to stop addiction, look at this person, he could've stopped when he was around 5k loss but addiction doesn't permit stopping.
All he had in mind was that he wanted to win. The greater the money that has been spent while playing gambling, the greater his lust for victory. The person will continue to play with the hope of getting the jackpot so that he can get back the money he lost. I was never surprised to see someone lose so much. Because when addiction can't be controlled, it would be difficult for someone to stop playing while in a losing position. 
May 12, 2021, 01:50:20 PM
I guess he almost forgot the risks of gambling that he used a huge sum of money to gamble in just a single night. Gambling addiction could really lead us to losses that will only bring regrets in the future. One person needs self-discipline and self-control to get rid of this mental illness. Sometimes, if we're enjoying something, we tend to forget its negative effects which we have to be mindful of.
I'm of the opinion that he knew all risks, he just focused on his greed and didn't care about the value of hard earned money and ethics. This is the saddest thing, when you know you will lose anyways since desire is unlimited but your greed never stops. Every person no matter their financial status can do hard work and improve their living conditions in a good way. Chasing easy and illegitimate money is never acceptable. Gambling is such an addiction, that I wouldn't even want it happen to my worst enemies!
-Chasing up his losses
-Thinking of on getting huge sums in profits or winnings
-Can repay those loaned money he taken
-Greed
-Impulsive emotion
-Doesnt really mind on what would be the consquences
Even if he's aware on the possible problems but still tolerated his addiction then he would really suffer after that.
May 12, 2021, 01:29:08 PM
£40,000 is a big amount but this is still a mild case if we look at how gambling addiction could actually ruin more than your finances.
The problem with gambling is not the amounts but the control you are losing over yourself actually. I have been into gambling for a long time now and I know it can be a disaster once you start losing control and even worst once you start chasing your losses. 40k Euro is nothing for a rich man so I won't say he lost too much and wouldn't recover. Whether the amount is big or not, we must not gamble what we cannot afford to, this simple thing people fail to apply in real life.The role of gambling addiction recovery programs, whether government or private, cannot be overemphasized.
Indeed but gamblers who are addicted need to understand that gambling addiction is similar to something like fever, it won't go off its own and there should be no shame in admitting to addiction as long as you are ready to overcome it, must see a doctor. May 12, 2021, 11:42:08 AM
I guess he almost forgot the risks of gambling that he used a huge sum of money to gamble in just a single night. Gambling addiction could really lead us to losses that will only bring regrets in the future. One person needs self-discipline and self-control to get rid of this mental illness. Sometimes, if we're enjoying something, we tend to forget its negative effects which we have to be mindful of.
I'm of the opinion that he knew all risks, he just focused on his greed and didn't care about the value of hard earned money and ethics. This is the saddest thing, when you know you will lose anyways since desire is unlimited but your greed never stops. Every person no matter their financial status can do hard work and improve their living conditions in a good way. Chasing easy and illegitimate money is never acceptable. Gambling is such an addiction, that I wouldn't even want it happen to my worst enemies!
May 12, 2021, 10:49:50 AM
I guess he almost forgot the risks of gambling that he used a huge sum of money to gamble in just a single night. Gambling addiction could really lead us to losses that will only bring regrets in the future. One person needs self-discipline and self-control to get rid of this mental illness. Sometimes, if we're enjoying something, we tend to forget its negative effects which we have to be mindful of.
'If you arent mindful with your actions then you would most likely be ending up with this kind of scenario or event on where you do play gambling but doesnt already mind off on how muchmoney you are already spending and thats a bad thing or simply does shows that you are already addicted to it.
We should be aware towards our actions and it is really a bad idea on borrowing up money just to cover up your gambling habits because it will surely
be making more problems rather than on solving it.
May 12, 2021, 10:44:15 AM
I guess he almost forgot the risks of gambling that he used a huge sum of money to gamble in just a single night.
What is happening here psychologically is this: You lose, let's say, 1k by "bad luck" while playing. But the player does not accept the loss and now tries to make up for the loss with even higher stakes. Even if this succeeds in the next game, there is a good chance that the player thinks he is on a lucky streak and continues to play - instead of stopping at this point.
This leads to an accelerating downward spiral where losses are compensated by betting even more money. Until you end up there and have lost 20k or more ...
May 12, 2021, 10:42:32 AM
This isn't about entertainment anymore, gambling addiction is a mental disorder. A person couldn't become addicted immediately in 1 night, this person is regularly gambling online and this time he exceeded to his usual gambling routine that he ended up spending more time and money onto it.
I feel like people who are new to gambling are rather more prone to losing big amounts of money as compared to someone who gambles on a regular basis because when you are new into gambling you feel like you have found a way to earn easy money and initially you might actually win some which then makes you go big and hence go bankrupt.But once you are gambling for some time you automatically build a sense of understanding that it is not possible to win every time and if the bets are not paying then it might be the right time to stop betting.
People who are new to gambling/betting think they just cannot lose which is the root of the problem.
May 12, 2021, 09:56:46 AM
I guess he almost forgot the risks of gambling that he used a huge sum of money to gamble in just a single night. Gambling addiction could really lead us to losses that will only bring regrets in the future. One person needs self-discipline and self-control to get rid of this mental illness. Sometimes, if we're enjoying something, we tend to forget its negative effects which we have to be mindful of.
May 12, 2021, 09:33:51 AM
Yeah, I read the article and I see that this kind of gambling addiction is very very damgerous, for in this kind of game, these people will hope that by gambling they would be able to change their lives by winning very big, not thinking of the consequences if in case they have used up all the money and they end up in huge debt. If the person is not mentally stable in such times of crisis it will end up being depressed and might have suicidal thoughts. Remember, only gamble money you are willing to lose and that's it. If you lose it all then go home and don't gamble again.
I pity the man who lose that 20k euro in one night, I saw the article and all those happen because of the pandemic. He is struggling with his mental health and he found gambling to relieve his stress on it. His addiction consumed him that it almost ruined his life. Good thing he found a group that helps with addiction and started a new life.
Its dumb decision for someone to take gambling as final resort where they can burst their emotion since this really add the problem, Imagine how big can we possibly lose since we arr out ot focus and we ill became more lonely specially when we already drain out our capital.
This is a good story to read and lucky for him he found a good group where he can eliminate his addiction and hopefully other can think about it in advance that there's no good benefits we can ger if we became addicted and doesn't have a self control.
May 12, 2021, 09:26:42 AM
That is the risk from being addicted and we read about that news.
Being addicted is what we must avoid, no matter if that will work hard for us because gambling will always seduce us to come back and play the other gambling games.
I am sure we do not want to lose that much so we really need to avoid that thing and make sure that we have control.
It is good that he can tell his dad and his friends to get help from them and go to rehabilitation.
I think both are not wrong but the responsibility will still be on him or other people as he will decide what he will do later.
Being addicted is what we must avoid, no matter if that will work hard for us because gambling will always seduce us to come back and play the other gambling games.
I am sure we do not want to lose that much so we really need to avoid that thing and make sure that we have control.
It is good that he can tell his dad and his friends to get help from them and go to rehabilitation.
I think both are not wrong but the responsibility will still be on him or other people as he will decide what he will do later.
May 12, 2021, 09:17:39 AM
IMO, people with unsound mental state should not be allowed to gamble. In many of the countries around the world, before being able to purchase a firearm, you need to undergo a psychiatric evaluation. The same should be made mandatory for gambling as well. Those who are vulnerable to gambling addiction should not be allowed in to casinos or online sites. I agree that for online gambling, it is very difficult to implement the rules. But it is necessary to implement strict rules.
May 12, 2021, 08:53:17 AM
Yeah, sometimes you need to lose it all for you to come to your senses. I have lost amounts as well when I was in college. We have these small fiestas and then what we call the color game. You choose a color and then your money will double if the color that you choose is the one that showed up on top of the color dice. Lost so so many times after winning a few and one evening I even lost 2,000 PHP in one sitting. It is only through sheer discipline that patience that I learned how to play not with emotions but with a plan. When I play poker at a poker club, and this is a physical one at that, I tend to control my winnings and losses. Treating it as a business rather than entertainment. Helped me financially then and made me what I am now in crypto space. I seldom gamble for money nowadays but when me and the blokes play we play poker using small coins just to entertain ourselves.
May 12, 2021, 08:29:05 AM
This is the problem if we are hiding our gambling activity to our family or the people we love because we don't know that we are already becoming addicted and losing our behavior in right manner.
and in the end? we lose everything including our family and Life.
Never gamble on our own. let people knows our activity so there are others that will remind us about our changes .
and in the end? we lose everything including our family and Life.
Never gamble on our own. let people knows our activity so there are others that will remind us about our changes .
May 12, 2021, 08:14:06 AM
I don't condemn him though.I know the feelings of a real gambler and I know what he must have thought at those moments.He must have thought I am spinning a few more spins with max bet and if I hit that jackpot I solve my financial problems once and for all but this almost never happens.He learned the lesson in the hardest way and I am sure now he will not be back to gamble anymore.I have tried the same with small amounts 1000 EUR where I have played 20 spins with 50 EUR bet but lost in a lightning fast amount of time all of the money.
May 12, 2021, 07:51:53 AM
I do not believe the news as it is told.
Newspapers live by causing emotions in people, both positive and negative, and the Mirror even more so.
The way the story is told, it seems as if the protagonist had an ideal life, without any previous problems, and suddenly, overnight, he developed a serious gambling addiction problem.
maybe drugs as noted in a comment:
Bold is mine.
Newspapers live by causing emotions in people, both positive and negative, and the Mirror even more so.
The way the story is told, it seems as if the protagonist had an ideal life, without any previous problems, and suddenly, overnight, he developed a serious gambling addiction problem.
maybe drugs as noted in a comment:
Quote
“I was a train wreck,” he said. “I was shut off, I was drinking more, I felt so down, so hopeless and so ashamed - I didn’t want to tell anyone, not even my family.
Bold is mine.
it really is necessary to investigate this story further, he said he made occasional bets on the weekends when watching a game, if he did it for a long time then what changed and made him start being addicted out of nowhere? did he have control of himself and out of nowhere he becomes addicted? this story is very strange. his argument to justify how he became addicted Is that the lockdown changed his routine and made him stay at home doing nothing (at least that's what i understand) so as he had nothing useful to do he decided to drown his hurts in the game of chance and became addicted. this story is very strange. it looks like a conspiracy against the lockdown
There are others that has much more than this, I am watching players in Roobet.com betting 20k usd per round that means what story in OP is just a Peanut compared to that gambler.
maybe these players are people in control of themselves and have a lot of money. The problem is in doing something that the person does not know and that he knows he has no money to do. Addiction is something that anyone can have, but if the person is in control of himself and has a lot of money then nothing prevents him from spending a lot of money on gambling
May 12, 2021, 07:13:24 AM
Quote
After becoming addicted to online casino games in March last year, he lost £40,000 in the space of a month, losing half of that in just one night.
After losing that money too, he found himself in massive debt, and contemplated taking his own life.
https://www.mirror.co.uk/news/uk-news/man-lost-20000-one-night-24067466After losing that money too, he found himself in massive debt, and contemplated taking his own life.
I don't know why they are caught up in this moment but I think people know the risks yet they still try. Was it appropriate for him to call the gambling firm wrong or he was right? (See the last part of the article or better read the 3 mins. article instead)
though maybe they are more capable than what the story tells.
Prevernt yourself from engaging in gambling to much , because I've been there before.
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