Gambling Lost It All
dont even know where to start or what to say....
Opinion On my way to meet friends, I'd stop at a TAB and lose all my money Every pay day for nine years, Lucas gambled away his wages. Last year, the 39-year-old applied for a treatment program as. Gambling losses are indeed tax deductible, but only to the extent of your winnings and requires you to report all the money you win as taxable income on your return. The deduction is only available if you itemize your deductions. If you claim the standard deduction, then you can't reduce your tax by your gambling losses.
Started out with slots 12 years ago, it got worse and worse and worse.
- Nov 03, 2020 The Greek lost nearly his entire $40 million bankroll within a couple of months. The losing streak started with a 3-week period in which Archie lost $30 million at the Binions Horseshoe casino. First, he lost $11 million at the dice table.
- Only a few years ago, this Irish businessman was worth $6 Billion. However, he quickly lost it all after he invested twenty five percent (25%) in Anglo Irish Bank. However, his mistake was to use money he borrowed from his own insurance company.
then borrowing money to gamble
likely down somewhere around 35 to 40,000 dollars since then.
I won a couple times , 1000 here, couple hundred there, maybe another 1000 over there
then won 10,000 last year online slots...paid some debt off and oh boy that suckered me in big time
well now i got a visa maxed out at 10,000 and a mastercard at 6000 with 20% interest. lol
all on gambling, never mind the money off pay cheques ..
even when i win i never cash out and stop, even when big amounts like 5000 or 8000
i just up my bets and lose it all
like i always do... greedy want more i guess,
Not even all that crazy about money, like when i have it, i gamble
Lost It All Gambling
when i dont have it i still gamble ... what the heck??
sometimes i think i am addicted to the losing not the winning...
i have a kid coming in one month. i have been laid off work,
i have ruined my life and hurt those around me and now my unborn child and my wife will have to
suffer too. I AM THE BIGGEST LOSER.. there is no way back...
i feel suicide the best, although i dont even have life insurance.
I always say i will stop... never do..
i dont get it.,. i dont understand it.. i want to stop... i really do... why cant i
im not stupid, i used to shake my head at people like me wasting there money.,
He Lost It All Gambling
WHY CANT I STOP. I am so weak of a person i guess..I HAVE TO JUST STOP no one will or can make me stop but me... I understand this.. but i just cant freaking stop!!! it just dont make sense..
- This topic has 6 replies, 3 voices, and was last updated 4 years, 5 months ago by .
Celebrities Who Lost It All Gambling
Firstly, this is miniscule compared to some I’ve seen but we share the problems all the same. I’m 22, been betting for about 2 years, purely online, and out of boredom mostly. Yesterday I lost everything. I’m mostly angry at how quick it was, a spontaneous 20 minutes of foolish decisions. It was only 3k but I live with girlfriend and the bills come out of my account. I am yet to tell her, even knowing that she can loan me some money and I could just try to forget about this, I’m scared of her reaction. How can I ask for the money with her understanding? P.S Hoping this Forum is on topic.
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Hello and thanks for starting a thread in the Gambling Therapy forums
Here at Gambling Therapy we pride ourselves on being a caring and diverse online community who can help and support you with the difficulties youre currently facing. We understand that this might be a tough time for you, particularly if youre new to recovery, so come here as often as you need to and participate in the forums, access online groups and connect to the live advice helpline if you need one to one support. Were in this together!
Here on the forum you can share your experiences in a safe, supportive and accepting environment. The beauty of writing it all down is that you can take your time and you will be creating a record of your progress that you can look back on if it ever feels like youre not moving forward. So, share as much or as little as you like but do try to stick to keeping just one thread in this forum so people know where to find you if they want to be updated on your progress or share something with you.
And on that note….
Im going to hand you over to our community because Im sure they will have some words of wisdom for you 🙂
Take care
The Gambling Therapy Team
PS: Let me just remind you to take a look at our
privacy policy and terms and conditions so you know how it all works!Hey BlueSpark,
Well done on starting your diary on here. It’s good that you’re feeling more motivated and with purpose at work today and often a fresh smart that comes from recovering from gambling can actually help us kick start some good habits/mindsets in life. But be careful…it is very easy to bounce from one end of the spectrum to the other when you’re a compulsive gambler. The gambling gives us very quick and strong mood swings. You might go a week or two feeling great and like you’ve recovered, but with just one moment of weakness or lapse in judgement, you’ll be straight back into the gambling hole. I do urge you to self-exclude from where you gamble and close all your betting accounts.
Despite not being an insignificant amount, $3,000 is actually a very CHEAP lesson to escape gambling IF you stop gambling completely from now. It’s also not a life-changing amount and can be made back relatively quickly if you just focus on work and savings. But, this is a very dangerous sign of where you’re heading – remember, you’re still young and you can lose A LOT more throughout your life and go into a mountain of debt if you keep letting this addiction escalate. I have been on various gambling forums over the years and I have seen countless stories of people who started with relatively small/moderate losses, who sought help on forums, but nevertheless went on to lose their life-savings/go into major debt. On top of this, stealing, losing jobs and relationships typically go alongside these. So let me make it clear for you again: use that 3k as a lesson as to why you should NEVER EVER touch ANY form of gambling ever again. If you keep playing, there’s a high chance you’ll lose everything important to you in your life. Just think about it the next time before you gamble.
As for your OH – it is highly likely that she will be supportive of you. The amount isn’t too unreasonable (although most OHs will support their partner initially regardless of the amount lost – it is only when they keep lying and gambling on that relationships usually break down). Telling her will also be a huge mental burden off your mind – in fact, she probably already has some suspicions that something is wrong with you at the moment – usually the people close around us can tell because gambling makes us very withdrawn, isolated, moody and just not ourselves in general. You can also ask her to monitor your finances and give her control of your money as any money you have in your hands is money is extremely vulnerable to be gambled away.
Nice one on the self-exclusion and telling your OH, I knew she would take it well! As easy as it might have been to take these steps major props to you for actually going ahead with it – as these actions (although quite straight-forward) are actually very difficult for many CGs to initiate (either due to fear or their addiction telling their brain to “do it later” or that it is “not necessary”). Great work and all the best. I’m sure you’ll get through this and you’ll look back in a years time at this as just a distant memory but a major lesson learnt.