Topic: Man lost £20,000 in one night after becoming addicted to online gambling! - page 19. (Read 3830 times)
May 11, 2021, 03:26:36 PM
I’m not going to laugh at the guy, some people have very addictive personalities. It’s not just gambling, it can be drugs, prostitutes, alcohol. I hope he has found peace & managed to be strong to resist his urges.
May 11, 2021, 03:17:46 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)
There does seem to be a very fine line between personal responsibility and the vulture-like companies who are able to take advantage of people who are unstable at the time. He should definitely not have been visiting any gambling sites at such a desperate point in his life, because that tends to distort reality and makes things like chasing losses much more likely. At the same time, I don't think the gambling company was acting very responsibly either - if they really wanted to stop such actions by reckless people who have lost control they could easily put protections in place. It would be so simple to say - you cannot deposit or place bets more than double the highest amount you have wagered in any of the last 7 days (starting from say a $100 base amount). That would vastly reduce the chances of someone instantly throwing away life changing amounts of money and savings they probably worked years to make.
May 11, 2021, 01:39:55 PM
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)
May 11, 2021, 01:15:38 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.
It is very difficult to give advice to an addicted person. Their brains are deadlocked. He is always optimistic that what he repeats will make up for his losses. They are willing to sell anything for gambling if he is addicted. There must be psychological guidance and lessons for sufferers like this. Generally, people like this are people who don't want to work hard. They want to work casually but the results are abundant. But this is of course very difficult, especially gambling. There are so many incidents because of their gambling addiction, they are a lot of debt and in the end are miserable and can't return the debt. They also become ruffled. 
May 11, 2021, 12:58:38 PM
I wonder at any point in that single night of betting and loosing £20,000 did he consider
This is a bit wild
I cant really afford this
I think I have a serious problem here
This is unsustainable
What if....
I better quit before its all over
He probably considered all of those but thought, the next one is the one!
Crazy losses but this happens the world over, every day.
This is a bit wild
I cant really afford this
I think I have a serious problem here
This is unsustainable
What if....
I better quit before its all over
He probably considered all of those but thought, the next one is the one!
Crazy losses but this happens the world over, every day.
May 11, 2021, 12:55:15 PM
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)
May 11, 2021, 12:00:07 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.
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 think his story is true as he has also a fundraising page here
but i believe there are still a lot of gamblers that are still suffering from the same situation, and he is lucky that he made his decision to open up his struggle to his family and friends, which save his life. it shows that family will always be there for you even at the lowest point of your life. so for those who are still struggling, dont hesitate to ask help from your family. you'll never know what they can do to lighten up what you're going thru.
May 11, 2021, 11:03:59 AM
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.
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 11, 2021, 10:35:53 AM
Addiction is really a problem, for sure a lot of people who already addicted to gambling are aware of what is happening to them, they also tried to stop but the addiction rejects to do so, this is really serious, imagine losing $28000 and half of it in one night, that is really frustrating, maybe he bet all in his last game and resulted of losing, that is really sad, still, I am partly happy because he can still talk with his family and friends. Bonding with our family and friends can be a good way to stop addiction.
May 11, 2021, 10:29:11 AM
£ 20,000, that's a fantastic loss for novice gambling addicts in one night, indeed that is the risk if someone is addicted to online gambling, emotional, greedy can eliminate our homes in one night, if we lack professionalism and control when betting on gambling.
£ 20k is indeed not a little if where I live can get a luxury house, I often see people betting on one of the gambling sites by placing a bet of $ 1000 to 5 times the pairs run out without any impression, My mind is that if the money is placed in gambling, the money that is obtained for free is not a problem, but if something results and is placed to bet and lose, it will definitely experience shocks for the addict.
Actually it is not a gambling site that is guilty of losing such a large number, we do not control ourselves in betting, want to get multiple payoff profits, without considering our bad luck at that time.
£ 20k is indeed not a little if where I live can get a luxury house, I often see people betting on one of the gambling sites by placing a bet of $ 1000 to 5 times the pairs run out without any impression, My mind is that if the money is placed in gambling, the money that is obtained for free is not a problem, but if something results and is placed to bet and lose, it will definitely experience shocks for the addict.
Actually it is not a gambling site that is guilty of losing such a large number, we do not control ourselves in betting, want to get multiple payoff profits, without considering our bad luck at that time.
May 11, 2021, 10:10:27 AM
It happens, mainly because there are no people around him intervening or stopping him from his ways. That's why intervention on any form of addiction is the first step to let people know and realize that they are already in too deep in their 'hobby.'
It's a very expensive lesson, and I do hope that the person in questions really learned something from this experience. I can't imagine losing a thousand dollars in one go of gambling, let alone $20,000. It's very painful for the heart and the pocket that's for damn sure.
It's a very expensive lesson, and I do hope that the person in questions really learned something from this experience. I can't imagine losing a thousand dollars in one go of gambling, let alone $20,000. It's very painful for the heart and the pocket that's for damn sure.
May 11, 2021, 08:50:48 AM
There are many reasons why a certain person is addicted to gambling. There are those who have experienced winning a jackpot or a big amount once and cannot move on from it thinking that there would be more. There are also those who felt depressed or who is too lonely that gambling becomes a sort of a way to kill the time. There are also those who simply think that gambling will make their wishes to become rich come true. There are also those who are like the man in the story, someone who is just falling deep into all kinds of vices.
May 11, 2021, 08:22:40 AM
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)
These are not huge amounts, just look at the chat space in some of the major gambling sites and you will see people gambling with much higher valuation, he needs to be aware of the situation and his bank balance before gambling and if he think he has an issue he needs to get help from his family and friends and there are many who destroyed their life savings because of the addiction. May 11, 2021, 08:18:13 AM
I think most people that gamble on a weekly basis are in more ways than one addicted to gambling. We do not like to admit it and probably think we know our limits but how many times have the members here in this thread gone past their limit? I know I have.
Gambling addiction is more common than we think and if you tally up the amount of money that you could have saved over the years it would have probably been a better idea to invest that into a business and take your chances there rather than mostly playing against a system that is designed to beat you in the long run.
Gambling addiction is more common than we think and if you tally up the amount of money that you could have saved over the years it would have probably been a better idea to invest that into a business and take your chances there rather than mostly playing against a system that is designed to beat you in the long run.
May 11, 2021, 07:48:32 AM
The fact that he thought of ending his life, he must be in big trouble.
I lost big money in the past as well, but I never thought of ending my life, I can say that this person is weak, he should have stayed away from gambling so he will not ruin his life, all of what he did is just because of his mistake, he failed to manage the risk in gambling and he goes with his emotion.
In this case, I think he badly needs help, he has a disease now that can only be healed if he is willing to.
Hopefully this will not happen to our fellow gamblers here.
I lost big money in the past as well, but I never thought of ending my life, I can say that this person is weak, he should have stayed away from gambling so he will not ruin his life, all of what he did is just because of his mistake, he failed to manage the risk in gambling and he goes with his emotion.
In this case, I think he badly needs help, he has a disease now that can only be healed if he is willing to.
Hopefully this will not happen to our fellow gamblers here.
May 11, 2021, 07:26:18 AM
~snip~
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)
^ This has been a problem since the day gambling was created. But we all know that not all people had to experience this situation because they were properly oriented. I think on this one, the firm does not have any problem with it. We can’t also blame the person that much but he has to accept, endure and resolve the consequences it has done to him with his actions. The only option or resolution I see here is that I think it is mandatory for the gambling businesses with licenses to give proper orientation and credit checking to the players and help them allocate enough funds that they afford to lose before they play with the money they use for betting. Nevertheless, in this way, gambling businesses might not profit that much but this would resolve help the gamblers not ending up with this. And this would be rewarding to them. 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)
May 11, 2021, 07:21:28 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)
Gambling and especially online gambling can be very dangerous. Everyone knows that but stories like this one illustrate this even more. I also think that some people are much more prone to addiction than others may it be smoking, alcohol or online gambling. So if you know of yourself that you are very easily get addicted to things you should never begin gambling at all. And for everyone else, you have to be very responsible and stick to both your budget and your gambling time.
May 11, 2021, 06:41:40 AM
It's a classic case of gambling addiction and nothing else. It happens when greed takes over the mind and drives it. I am glad that the fellow has finally started taking medical assistance from the competent people. However, I don't why the gambling companies are to be blamed here.
Quote from the article,
If your greed lures you into something that has a negative impact on your finances, why blame the gambling operators when they are operating legally? Rather why not blame your own greed?
Quote from the article,
Quote
The advertisements are crazy - they need to be stopped or at least cut down significantly. It was the welcome bonuses and sign-up offers that lured me in, and from there I spent all day completely transfixed on different online casinos.
If your greed lures you into something that has a negative impact on your finances, why blame the gambling operators when they are operating legally? Rather why not blame your own greed?
May 11, 2021, 06:26:13 AM
This is just another terrible horror story of gambling addiction,but should we put the blame on the gambling industry?
Should we put of the blame on the alcohol industry for all the alcoholics?
Should we put the blame on the weapon industry for all the murders and violence?
Perhaps more government regulation will reduce such cases of addiction and deviant behavior,but I don't believe that the government will be that effective.
Maybe the only right way is to educate all the kids at school about the horrible side effects of getting addicted.
Should we put of the blame on the alcohol industry for all the alcoholics?
Should we put the blame on the weapon industry for all the murders and violence?
Perhaps more government regulation will reduce such cases of addiction and deviant behavior,but I don't believe that the government will be that effective.
Maybe the only right way is to educate all the kids at school about the horrible side effects of getting addicted.
May 11, 2021, 06:08:47 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)
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