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19 lost all my savings.

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19 lost all my savings.

Postby lostsoul123 » Wed Nov 17, 2010 5:27 pm

Well, I just turned 19 this year last march, just old enough to go to the casino... Initially I had 7000$ in my savings account, that was when i just got laid off from work. so with 7000$ and no job, I decided to visit the casino with the thought of it as my income for the time being.... the game that I play is blackjack, i could say I have a good intuition when it comes to playing it, but the game leans slightly to chance. Anyway.. Some days I went I managed to get my money up to 9000$, it was the most money I've ever had in my life. I enjoyed the whole concept of playing a game to win big fast money, I got addicted to it... One day I had total bad luck playing, lost about 1000$ and couldn't bare it because of pride, and just couldn't accept that I lost. because there were times I'd lose big and still win it back and make more after that.... So the next day I went and played more, lost the 1000$ winnings and couldn't accept it.. Some of you might be thinking, well that's not too bad you still have your initial money and it's alot of money for a 19 yo teenager. But I just couldn't accept the lost because I believed in my gambling.. i went to play more 2 days after and lost 2000$.. Down to 5000$ with the thought of winning it back.. There were times I could"ve walked away with winning for that day but I wanted to win back the whole thing... In the end of the day I lose. this continued until today with only 20$ left in my savings.. I come from a struggling working family and i lost this kind of money that my parents dint even have... And they don't even know that I lost it all, and they don't even know that I gamble.. now I'm broke knowing the whole concept of fast casino money, when I think of normal jobs.. I think to myself, I could make 10 times or more in one hour than a normal job.. weeks of work I could manage to win in just 1 day.. I'm in the middle of accepting my situation but in the same time I just can't .... now I'm just thinking about somehow to earn some money and play some more, and maybe if I control myself when I win, I could manage this time.. I'm 19 and i know I'm still young, but in my mind I wanted to be set already, and I'm turning 20 soon... Currently very depressed, and don't feel like doing anything. I have no more money, and what's worse is that my credit card is maxed, I still haven't paid for this months interest rate.. And my phone bill.. I just want to get out of this situation
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Re: 19 lost all my savings.

Postby jasmin » Sat Nov 20, 2010 6:27 pm

Lostsoul, you have to look for a job and earn money the hard way. Look for an organization that offers help for people who are addicted to gambling too. Think about it, you won't be able to control this, you have already lost all your savings. You'll prove that you're a grown man if you stay away from gambling and get help.
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Re: 19 lost all my savings.

Postby ultimatealex » Thu Dec 02, 2010 2:52 pm

Hi there, I can certainly understand your problem, I have been through it all myself. The best thing you can do is try to understand why you think you can win money, in a casino system which is guaranteed to make the casino money!?! I felt the same way before, but the government or in some places private business sink millions of dollars into building casinos, because it is extremely profitable! So don't be a sucker. You are still very early in your life, trust me, I started gambling a long time ago (maybe 10 years) and it took me years to realize I even had a problem, I lost my money much slower but in the end I have lost probably over 20k through the years. You lost it fast and can quit while you are ahead, meaning, quit before you lose not only your savings but before you start going into debt to gamble, committing crime to gamble, borrowing to gamble etc etc. There is hope! If you want to read more about my story and follow my own process - I have come a long way but I still struggle - visit my blog at dontbet.blogspot.com
You can defeat the gambling system, by not playing it... and to be smart enough to not play you need to understand how they get you to want to play - knowledge is power!
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Re: 19 lost all my savings.

Postby as1187 » Sat Dec 11, 2010 7:01 am

Hey LostSoul,

I don't know if you're still checking this blog, but i have had a similar experience. I am a 23 year old college student who became addicted to blackjack. I loved it! I would skip class, go to the casino and play all day long. I would go in there win some money and then lose it all. The next day I would repeat the same scenario in hopes of winning back my money. Unfortunately in the end I lost all my savings and went into debt. It is over 6 months since I last went to the casino. I have not gambled since. I wish I had some miracle cure to this addiction, but I don't. I still dream at night about casinos and playing blackjack (embarrassing but true)! So how did I get myself to stop going? One day I hit rock bottom and went on one of these blogs and got some support. Just like I'm trying to do for you! The key is to keep yourself busy. Try to maybe get a job and do your best to avoid the casino anyway you can. Look, I think blackjack is the most fun game ever, but you seem pretty smart and understand the odds. Anyways, to make a long story short, you might never get over this addiction. From my experience it does get a hell of a lot easier. Just STAY OUT OF THE CASINO!!!!! If you need someone to talk to let me know, or it gets anymore serious then please get into GA. Keep your chin up!
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Re: 19 lost all my savings.

Postby JimmyS1985 » Thu Feb 24, 2011 2:26 pm

Play the stock market, thats what I would tell you to do with, well, your savings you use to have. My AGNC pays 19% per year, $1.40 a share for the last 8 quarters consistently and is up 50% from its IPO 3 years ago. If I feel like giving myself a $560 raise this year (assuming the dividend stays constant over the next 4 quarters) i buy 100 shares at $28.50 a share.

Thats what I do with my money, it may be boring, but I say every quarterly dividend is like having one guarunteed, great night at the casino.

Oh and don't play penny stocks, you may as well go to the casino if you play those as you will get more entertainment.
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