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Old 02-15-2018, 06:16 PM
 
Location: Verde Valley AZ
8,776 posts, read 10,284,858 times
Reputation: 11413
Quote:
Originally Posted by santafe400 View Post
I've met folks who've gambled everything from their monthly rent to their family inheritance, from their students loans to modest lottery winnngs and lost everything after just one or two nights of "having fun" and "feeling lucky" in the casino.

Anyone else know of anyone who gambled away their money and LOST big time?

My brother gambles way more than he should. He's on a first name basis with all the employees at the casino. He HAS won big a couple of times but not enough to justify what he's lost. He lost his house, truck, motorcycle, two businesses and three wives! My mother paid for a great deal of his 'losses'. She also made him the executor of her estate and Trust. Bad move but he always was her 'golden boy'. When she was in the hospital, dying, he took all the money out of her safe and went to the casino. And spent the night at a luxury resort. To this day none of us have even seen a copy of Mom's Trust papers. He's a jerk and I haven't talked to him in three years. Can't blame that on gambling but it sure doesn't help.
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Old 02-15-2018, 07:05 PM
 
Location: Near Wichita, KS
121 posts, read 74,847 times
Reputation: 121
I interned at the Salvation Army for a while. The office was all volunteer except for 3 paid social workers and a paid secretary of retirement age. This was the Emergency Services department where we worked. People came in seeking diapers, food, utilities, clothing, transportation, rent... The secretary was drawing social security and earning a wage. She spent her wages at the casinos and tons of lotto tickets.

Here I'm an unpaid student intern who was secretly eating at the soup kitchen due to disability that kept me from cooking...

I don't think the secretary was putting herself in any danger but you can look at this situation for the addiction problem this behavior can cause...

At previous employment, I had some decent savings even earning modest pay. Staying away from expensive entertainment was one of my savings tools...Nothing is more expensive than shoveling money into machines or table games at casino thinking you are gonna win and later feel like you cannot stop...

Our local casino replaced all the 1 cent slots with 30 cent, 60 cent, 90 cent multipliers which used to be nickle, dine, quarter multipliers. One cannot even drop $10 and entertain yourself for 10 minutes and the payouts are almost zilch...You are going to run through the money so quickly, I don't even stop by this casino any more even for a bit of entertainment....It's a great concert venue but I don't even stop at the slot machines any more, just walk in and out.
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Old 06-11-2020, 11:12 AM
 
1 posts, read 706 times
Reputation: 10
I think there is only one reason of making people gambling - bad casinos. What do you think about it?
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Old 06-11-2020, 12:03 PM
 
Location: NJ
26,941 posts, read 32,522,461 times
Reputation: 19061
Quote:
Originally Posted by wiseman007 View Post
I think there is only one reason of making people gambling - bad casinos. What do you think about it?
your wisdom is only topped by your command of the english language.
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Old 06-11-2020, 12:21 PM
 
962 posts, read 336,421 times
Reputation: 3356
I'm a retired bookmaker. I have more gambling horror stories than I care to share.
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Old 06-11-2020, 12:34 PM
 
3,635 posts, read 2,292,678 times
Reputation: 8186
When I was 18 years old and made under $6 an hour, I turned $20 into over $700 in one night playing the martingale system in roulette. This was when I thought I independently came up with this idea on my own, which I would later learn is already a well known common strategy.


And then I watched red come up 13 times in a row, which is a .00005% chance and I lost it all. My money was gone after 6 or 7 double downs, but that was the reason why you can’t beat negative expected values flashing before my eyes.
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Old 06-11-2020, 01:33 PM
 
Location: northern New England
3,306 posts, read 1,559,745 times
Reputation: 12638
Probably the saddest thing I ever saw was an elderly lady, in bedclothes, in a reclining wheelchair, mouth agape, seemingly asleep. No, she wasn't playing the slots but her caretaker was. How much you wanna bet Grandma's SS check had just arrived?
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Old 06-12-2020, 04:03 PM
 
5 posts, read 877 times
Reputation: 10
When I started reading I thought that old lady was playing, but that is really sad...
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Old 06-12-2020, 04:19 PM
 
21,101 posts, read 15,302,211 times
Reputation: 16378
I wish they’d open up gambling in Texas in part to make in more convenient for me and also to cut off massive amounts of revenue it Oklahoma, Louisiana and other outlets. I’d also in full disclosure acknowledge I don’t want a casino anywhere near my house. I love to gamble, don’t do it often, budget when I do but also know it’s overall terrible to be around long term
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Old 06-13-2020, 01:56 AM
 
5,263 posts, read 1,941,512 times
Reputation: 2316
I thought most adults gambled with play money. why would someone risk rent or mortgage?
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