Topic: Man lost £20,000 in one night after becoming addicted to online gambling! - page 4. (Read 3830 times)

That doesn't go that way all the time, for some, even if they are already experienced in gambling but they still make big mistakes. I read some article before that a man working in a big company with a high position has slowly stolen money from the company because of gambling, it was only found out when there's an audit, so anyone could really make mistakes but anyone who makes mistake should take responsibility and be a man.

He is not guided and has no control of himself he is like a timebomb waiting to explode, this is what usually happens if you won a big amount of money on your first try playing, you thought it's all easy and you just need a big bankroll, this is what a guy told me that I always regain my losses by using a martingale strategy, which old gamers know that cannot be trusted, always do your research if one guy told you a strategy to win in gambling.

Of course it's not just money, 20.000 pounds is at least 2-3 years of work here, taking into account the difference in wages between countries. It's a huge amount of money to lose in just night, it's more than 1/2 of the average annual salary in the UK.

I find it ridiculous that someone risked so much money in gambling.

Well, he got out of control and just caught up on what emotion he feels on that moment. The only reason is that he thinks he can get it if he chase the losses but it's undeniable that if we chase losses the more we get it, it's like we are in law of attraction moment. That is a huge amount to be honest and he can't get it in a monthly salary yet he risks it in one day, a pity one. This is just an eye opener to everyone and that's just an expensive lesson he must take.

When it comes to financial status then everyone would really be different into that manner which simply means that we do have different allocation or percentage that we do make use in gambling activity.
It might turns out to be that big amount for most people but there are people whom do treat those amounts to be small until they do hit up into a point on where big money is already lossing which
majority could really give out negative sentiments about on what they had experience but actually its none of our business on how much a person could spend into their gambling
because its their money to burnt out even though its just really a waste to think of about those money being wasted but just let them be.

What happens is that a great deal of the people are in self-denial, they want to think of themselves as responsible gamblers but when you actually ask them what is what they do to be considered to be a responsible gambler they do not really have an answer for it, they want to be recognized as one but they do not make any effort in order to reach that goal, which means that they lose way more money than what they should, but since they do not keep track of that money at all then they like to think that everything is under control when in fact they are just one step away of losing complete control over their gambling.

Ez  
For example, in the era of ICO, many participants in this forum received tens of thousands of dollars for performing simple actions or for wearing a signature. How could you lose this easy money? Sometimes it was an exit from an asset at the wrong time, sometimes on the contrary - you remained in the asset and it became very cheap. This happened to me several times, so I do not look back (take care of my psyche)   but the fact remains - potentially I lost a huge amount of money.
When I wrote that message, I kept this script in my head, so maybe you did not understand me.

If we count from the annual salary, of course, this is a big amount.
But, if those are those who are often gambling in huge amounts, win and lose several times, it may be usual for them.
however, whatever condition of the gambler that lost that high amount, I think that losing that big amount is very a pity, maybe he thinks he will immediately get his luck and multiply his money. But what happens otherwise, actually loses that much money.

The annual salary will be around £ 30,000 and loosing £20,000 is a huge amount in any developed country and even if you have a good bank balance it can derail your plans. What you are saying is not even hypothetical, how can someone loose anything if they did not even invest to begin with, what kind of logic is that and no one will calculate their profit loss percentage like that  .
  

Once I started a business and worked quite hard (at first things were going well) but after a year of work I had to close it and I realized that I have as much as I had when I opened this business. Thus, you can say that I lost a whole year 
And this is true, in fact, such a loss is not much different from a quick loss in a casino. By the way, I can't say that I really regret it - in order to succeed, we must take risks and temporary losses are inevitable. Perhaps that player reasoned in a similar way, another thing is that a casino is not the best place to give fate a chance since having received a win in a casino, you have nothing but money, but in the case of a business, if you are lucky you get a system that will be guaranteed to bring you income for a long time.

You have the point but I'm detailing about the pointer about that "it's just money". Well, with such amount, if you're okay to lose 5-6 months of your income within a single night within a few minutes, that's still would hurt you. But you have to carry that on and just move on after wards and it's true that you can earn that again.

If you like to see gambling streamers like ayezee. Xposed , trainwreck and many other streamers in gambling . I think 10k-50k its pretty normal for high roller gambling. I don't know who lost this 20k and how his finances are. Everyone has a different way of looking at the cost of gambling. agree with KTCchampions . number its objective.

To be objective, this amount is not critical for developed countries. In fact, this is income for 5-6 months (I can be wrong, but not much). Therefore, I would agree with the statement that it is just money. They can be earned again. And by the way, everyone who, for example, did not buy Bitcoin or Ethereum cheaply has potentially lost much more 

I won't say "that's just money". We don't know how he worked hard for that but it's also his fault for gambling that amount within a quick time frame.
The impact mentally that it has given will be there but if he wants to recover, he shouldn't let that disappoint put him into that situation forever since there's still a way to recover it through working and other legitimate means.

Getting addicted to gambling is very bad. I wondered how this man would lose such huge Amount in one night. He will definitely regret this for the rest of his life. He  probably wanted to win big, but ended up losing £20,000. Gambling without setting your limit always result to losing huge funds. I pray he survive this, because it may lead to him committing suicide. Is not good when one eventually make gambling a mean of making money. It leads to gambling addiction.

Agree, maybe from the perspective of outsiders like us and reading information from different countries, this amount can be a very large number but let's take the stance of one person going to work in high-income developed countries, the money this man is losing can only be a few years of savings and he will never forgive himself and never gamble again. Such a lesson will help a man grow up and know how to work hard to earn money, the fact that he loses so little and stays so long gambling, sometimes it will be worse than the money he is losing right now

That's just money, you can earn money but if you lose your health because you can't live a normal life anymore, that's bigger than the money you lose. Losing big money is not good, but we can always move on and live our life, try to improve our life financially by working hard, and be positive going forward.

There are gamblers who lose a lot of money due to addiction, but eventually, they beat the addiction and live a normal life, some people even still able to return in gambling but more responsible.

No, he won't regret that for the rest of his life. He will regret it temporarily but he won't bring that forever, he might bring that for a long time but I doubt that he's going to regret that forever.
He's going to remember how reckless he was and that's for sure.

it doesnt matter how much you lost in gambling but on how you can accept that losses , there always big and bigger losses time after time.
everyone are indeed cannot get away from it especially when you do it online and nobody can cheer you up directly,  a deep thinking to feel regret etc is just normal as a human nature.
a man can lost 20 million dollar at a single bet and feel just okay if he knows the risk and be wise.
but a man can be so desperate and giving up on his life with a loss of $500. so the thing is that gambling must be done responsibly. doing it alone are not advised.

If they do not like hard work and only expect to make money from gambling, they only dream about that because all of us need to work hard to achieve what we want. But playing gambling for making money will not be a solution for them even if they add more money to tried to recover their losses. But I do not deny that some people can recover their losses, even winning a lot of money from gambling. But not many of them will have big luck in gambling.

I guess they will think that what they did is right because they do not ask about the other opinion how if they do that. But if they try to ask others, they will see that what they did is wrong and they will only lose that money. Yes, they are sober about playing gambling, but their minds seem closed by the passion for winning much money. That is why we might see other people lose some big money from gambling without getting a chance to recover.

I think they already learned much from these stories, but that does not make them always realize what they did in gambling. So that makes them continue playing gambling and pretend that someday, that will be their time to win much money. It is worth keeping our hard earned money for our life instead of using it for playing gambling, which does not guarantee us to win the money. We really need to take care of our money and if somehow we want to play gambling, we must remember knowing how much money we want to spend.