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Went from up 30k to ruining my life in a weekend gambling

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Posts: 158

DefenseWinsSB

Veteran

Joined: Jan, 2023

Posts: 2771

Posted: Dec. 9, 2024 - 11:32 AM ET #151

Quote Originally Posted by MRxKrazz:

Quote Originally Posted by vanzack: Can't take responsibility for your own terrible decisions so you blame "demon". You aren't ready to stop. Take ownership pal. It's you, not a demon. You should be the last one talking, lots of lies you type, at least this dude have the courage and honesty to type out what’s real. If anyone have half a brain and paid attention to what you type out here they would know what you are up to here Now To the OP! Hang in there, knowing the issue and problem is the first step to solving the problem

thank you brother I will I gotta be strong and humble

DefenseWinsSB

Veteran

Joined: Jan, 2023

Posts: 2771

Posted: Dec. 9, 2024 - 11:34 AM ET #152

Quote Originally Posted by SFGiants93:

@DefenseWinsSB Forget mutual funds and Invest in growth stocks. I've been through what you're going through and put most of my money in the stock market and I've been doing great the past 10 years. I managed to control my sports betting to $100-$200 bets for fun. The main key for me was to stop betting for months whenever I lose $1000-$2000. If I win, I withdraw the account down to $2000 and quit if I lose that. This helps me reset and come back feeling like a clean slate. No chasing. You can make money in the stock market long term, tough to do that betting on sports. Good luck.

I will look into that thank you . I’ve done everything financially wrong since I was a teenager and I really think losing this amount might of just snapped my head on straight. I am looking them up now I appreciate it

det586

Rookie

Joined: Oct, 2007

Posts: 677

Posted: Dec. 9, 2024 - 11:37 AM ET #153

@DefenseWinsSB

Life is tough, but everything happened for a reason. Keep your head up. Everything will be fine.

Crazy_Train

Captain

Joined: Feb, 2013

Posts: 9899

Posted: Dec. 9, 2024 - 11:43 AM ET #154

[Quote: Originally Posted by vanzack]Quote Originally Posted by mikebdb: A gambler who starts betting at let’s say at 21..bets till lets say he’s 7O now that’s 39years of betting med bets 50 to 100 bets will lose about 1k per month on average..times 12 ..12k a year..times 39 years..468 k ..take off let’s say 150 k in winnings over that time. That’s 318 k..in losses…problem is no one tracks there record over years if betting Now this is the math of someone who should quit gambling immediately.[/Quote