Post
Topic
Board Gambling discussion
Re: BANKMAN-FRIED PANIC GAMBLES TO REPAY DEBT
by
nullama
on 30/12/2022, 03:29:26 UTC
~snip~
How in the world did SBF decide that gambling was the best course of action for recovering the funds? It seems to me that he has terrible friends around him.  Have you ever thought of gambling as way to recover your funds and pay your debts? Does this look like a case of compulsive gambling?

Source: https://www.pokcas.com/sam-bankman-fried-and-ftx-bankruptcy/

That's pretty much what a lot of gamblers end up doing.

They try to recover their losses by gambling more, which ends up being a terrible idea most of the time since now they lost even more money.

Also it's easier to spend other people's money than yours.