Quote from: Fiatless on Today at 07:37:16 AM

Quote from: Findingnemo on February 04, 2025, 05:38:35 PM

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. And when you suffer big losses such as this, seek assistance for loved ones or seek professional help.

We dont know on what are the other ways or methods on which they do able to earn money on which this isnt really just that limited into his income alone on yearly but actually getting that $120k on having that 40k annual would really be that telling that there might be some possibility that he had sold something or taking up some loan on which same as you said. This is why its really that a very risky action that you do really need up to consider when it comes to financial aspect on which its understandable that bad decisions or choices or decisions in life will really be that reflecting out whether it will be giving out that good outcome or bad ones.

When it comes to losses then it will really be that devastative if you wont really be that careful in regarding about your decisions. You would really be ending up on having suicide if you wont really be that careful when it comes to decisions specially on taking up some loan because of gambling. Spending up your life savings into something like gambling will really be that making things even more complicated or worst that a problem that cant be solved easily.