There was a recent case in Australia where a man lost his entire life savings of $400,000+ in a 48 hour gambling spree.
The gambler lost $12,000 in a single bet and then tried to chase that initial amount but ended up losing his life savings.
It's no wonder he lost the money in a short time because he bet on one bet with an amount that I think is very large. How can such ridiculous thoughts arise in the minds of gamblers when they have worked hard to save maybe for a long time but spend it in a short time? I think he is so stupid.I am a seasoned and experienced gambler and my one piece of advice to people is to only bet what you can afford to lose otherwise you are setting yourself up for failure.
What is clear is that we can gamble but don't even think about using savings, it's better to use cold money so that if we lose the money it won't be a problem and we don't have to chase after those losses.