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Around 2 years ago I blew all my savings in one night and was determined that I’d never let myself get in that position again. I worked hard and did not have a bet for 12 months. I knew I back in control and thought a small bet wouldn’t harm. I continued to make small bets but inevitably the stakes got higher and higher until the inevitable happened last Friday night.
There was no need for me to jump onto the roulette table, I was sat at my girlfriends sisters and decided it would be a good idea to chuck some money into my online account. Lost and lost and lost then won and won and won until I was only around 500 down at this point compared to 10k 5 minutes earlier. At this point I should have cut my losses but me being me blew the whole lot plus a further 8k. I’d lost 18k within 20 minutes.
4 days later and I’m still not feeling to great. Went to the football Saturday and tonight and normally I look forward to this. Obviously since Saturday I feel slightly better I thenuilt around my head continues to spiral around.
My family know, I have all the support around me and a serious financial plan in place to have a house wth my girlfriend by June 2019. Bearing in mind I’m only 22 I’ve got plenty of years ahead of me but it’s no consolation at the moment after spewing away 18k in 20 minutes, money I’d worked hard for.
How do people deal with huge gambling losses? I know 12 months from now I’ll be fine but the here and now it’s difficult.
It feels good to put this all in writing and hopefully my journey is a positive one. Four days without an urge to gamble and no online accounts open. I’m on a mission to prove to myself that gambling is not a neccesity in life. I’ve done 12 months, I can do more.
I plan on starting a campaign to get it taught throughout school that gambling can be just as bad as drink and drugs. The psycholical effects of gambling are mind numbing. It would be good to gather people’s thoughts on this.
Here’s to a bright future.
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Hi my friend I’ve been there time and time again. the compulsion takes over. You need to place barriors be honest with yourself and family. You can not have access to your hard earned money, hard to admit but its true.
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Hi James and welcome to GT.
Gambling brings losses in many forms. The most evident loss is the financial one, especially when it hits suddenly.
If it is any consolation, I can tell you, that like you I experienced a sudden loss in March 2015. I had become immune to the ongoing losses for approximately 15 years , but when a large sum of money that I BADLY needed for other purposes vanished before my eyes, I was plunged into deep shock. I was devastated to the point of numbness. Exactly as you describe. NUMB! At the time, a fellow GT user came to my aid and suggested I would put a PLAN in place to restore my finances. I clung on to that word “Plan” . It saved me!
Fast forward to October 2016 and I now look at that Restoration Fund/Plan and see a healthy four figure sum mounting. I have a long way to go to make up the total loss and I have a lot of surplus gambling debt which is under control and reducing gradually.
The PLAN gave me hope James, and hope is what we need when we are close to despair.
Yes, money comes and goes and you will restore your loss but for the immediate treatment for shock (and it is a big shock) I suggest you make a plan…..
The other losses will become evident as time passes.
Turning our back on gambling is the only way we can be sure the same thing does not recur .
Well done on reaching out for help.
‘Hope this answers your question
“How do people deal with huge gambling losses?”
That line stood out to me in your post. -
Hi James. As Vera says, put a plan in place. Forget “12 months from now” though. Put a manageable budgeted plan in place and then just focus on the manageable weekly/monthly payment.
The main problem isn’t your finances though, it’s your gambling. What things can you start tp put in place that will help you avoid your next bet?
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Congrats on your Engagement, James.
(When is the BIG DAY??)
And on you G free time!
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