It is hard to go about it alone and much easier when you have loved ones encouraging you. Look for support groups like Gamblers Anonymous. It will be beneficial to get advice from people you can relate to, the ones that have been there and done that. Understand the term winnings – Winnings is how much money you won gambling. You will be in work for over 40 years earning a staggering amount of money – I earn £26,000 per year after tax, pension etc. X that by 40 years and its more than 1 million – put that into context with what you've lost – money will come and go. Make sure you have food, a home (you don't have to own one) and you have a hobby that keeps. You're allowed to deduct losses only up to the amount of the gambling income you claimed. So if you won $2000 but lost $5,000, your itemized deduction is limited to $2,000. You can't use the remaining $3,000 to reduce your other taxable income. Here at TheRichest, we've decided to compile some of the biggest gambling losses of all time into this brief list. If you think it's rough losing $3 on a scratch ticket you bought at your favourite convenience store, just imagine what it's like to be these gamblers. 5 Steve Richards lost £30,000 after he bet it on ONE game of Rugby.
Hi Guys,I seriously need help as I've been gambling over the last 10 years. It all started of like many others betting $100-200 at the casino and now I am doing $2,000 a spin on roulette.
I am sick of tired of this behavior. I've tried to quit so many time but the losses are too big for me to totally give up. I seriously don't know what to do. I did attended GA meeting a few time but it doesn't seem to help. Even attending these meeting I ended up lying to the counselor.
The last 3 years I have built a successful business but now the cookie seem to crumble as I've been taking business money out for gambling. The problem here is the business has high taking but the outgoing is a lot too. I am blinded when using the money now and not be able to cover my expenses when end of the months comes around.
This week alone Day 1... won 5k. Day 2 lost 10k and Day 3 lost 17k. I am on the brink of breaking apart. I got no sense of money value here.
What breaks my heart the most is every morning, my wife (married for 1 year) wakes up early for work and she only earns 200-250 a day max. Here I am throwing money like an idiot. The current mess is so big now I am affair to tell her as this will 100% break our marriage. There is 5% I can cover all of this if everything stop at this instant.
How Much Money Have You Lost Gambling Reddit 2020
But on the other hand my head keep saying DO NOT give up and beat the casino/sportsbet again. For example I keep thinking all I need is to obtain large sum of money to make MORE money.
How Much Money Have You Lost Gambling Reddit Today
Jack - Australia.