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?
If his yearly income is 40k, how did he get up that amount to gamble? Did he borrow it or sell a personal property. I know of a gambler who committed suicide because he borrowed the money he used in gambling. When his creditors began to come for their money he began to give them many excuses. When he ran out of lies and didn't have any means you repay the loan, he committed suicide.
It is stupidity to use your close to four years income to gamble to hit the jackpot. Gambling outcomes are unpredictable which is why it is important to gamble with what you can afford to lose.