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?
I just feel sorry for these people ending their lives because they can't accept the fact that they lost the money. But that's the mistake of these people, they gambled money that they shouldn't have gambled. They just followed their greed and were fooled by their own minds by thinking that they could double the money if they went all-in on one bet. If only they understood their financial capabilities, then they wouldn't have done something so stupid.