I saw a news today about a person who decided to end his life after losing around 150K in a single bet, the person is an average middle class with a wife and baby and his annual income will be around 40K (max) then why on earth he decided to bet that big amount on a single bet. It's evident that his greed forced him to take such decision but as a result he lost the life and leaving the loved ones stranded. What's your take on this matter?
Greed comes to anyone middle class or lower class, all the same when gambling but some of them do not take it seriously. Who will be blamed for this suicide incident? if not the gambler himself who cannot limit himself from his finances. I have witnessed many cases of suicide due to gambling whose losses are still under $ 20K, the main factor is taking gambling too seriously and using borrowed money. So it is not surprising that the saying "gamble with the amount you can afford to lose" tells us to be aware so as not to ever use money beyond our capabilities.