Post
Topic
Board Gambling discussion
Re: This person made $500,000 with gambling and lost it all within 60 seconds!
by
goaldigger
on 12/02/2019, 14:40:16 UTC
The story is from about almost 5 years ago but this is 100% relevant to 2018 or 2019 or many years to come, you can read it here:

https://www.reddit.com/r/IAmA/comments/1ch7wb/starting_with_almost_nothing_i_made_almost_500000/

In short version, he gambled on Bitcoin, made $500,000 - and lost it all later on, he then continued to gamble in Roulette and other games, and ended up with $50,000 in debt.

By the way,
This is not only related to Bitcoin or Casino Games - if you think Sports betting is different think twice after reading this:

https://www.psychforums.com/gambling-addiction/topic182379.html

This person lost over $300,000 within 48 hours, all because of sports betting, he had bets on tennis, basketball, soccer - you name it.

And there are many more stories to read such as this:

https://www.reddit.com/r/problemgambling/comments/4pzgmu/i_just_lost_140000_in_5_minutes/

Moral of the story - you can never be rich with gambling, and even if you end up being "rich" - you would lose the whole lot in no time ... only the house wins because the house has an edge.


I almost felt the same way as the guy who lost this huge amount. I felt my knees weak. This is why you should have control and learn how to quit. This is a real example of an addict gambler who instead of going home with a big cash on hand, ending up not just lost but having a huge debt which is reverse. I hope this will become a lesson to all of us.