Gambling, Sport Betting: Surefire paths to financial ruin
(977 reads) See also â–ş The 7 Pillars of Financial Literacy â–ş In Summary, What does Financial Literacy really mean?
Know this: Gambling (in all its forms: sports betting, Baba Ijebu, Tete Oriire etc) is a surefire path to financial apocalypse, financial ruin!
Why?
There's a saying in the gambling world that:
THE HOUSE ALWAYS WINS.
The fact is that in gambling, the odds are always against the player. So, before you make any meaningful money, you must have lost so much. And before 1 person out of 1 million wins something meaningful, know that over 1 million people have lost fortunes.
Now, what assurance do you have that you are that lucky one in a million individuals?
Below are reasons to stay far far away from Gambling.
PROBLEM: COMPULSIVE GAMBLING, OR GAMBLING DISORDER
Symptoms
Signs and symptoms of compulsive gambling (gambling disorder) can include:
* Being preoccupied with gambling, such as constantly planning gambling activities and how to get more gambling money
* Needing to gamble with increasing amounts of money to get the same thrill
* Trying to control, cut back or stop gambling, without success
* Feeling restless or irritable when you try to cut down on gambling
* Gambling to escape problems or relieve feelings of helplessness, guilt, anxiety or depression
*Trying to get back lost money by gambling more (chasing losses)
* Lying to family members or others to hide the extent of your gambling
* Risking or losing important relationships, a job, or school or work opportunities because of gambling
* Asking others to bail you out of financial trouble because you gambled money away
What can come out of this?
Complications
Compulsive gambling can have profound and long-lasting consequences for your life, such as:
Relationship problems
Financial problems, including bankruptcy
Legal problems or imprisonment
Poor work performance or job loss
Poor general health
Suicide, suicide attempts or suicidal thoughts
It's better never to start gambling. Because getting out is harder than people think.
READ MORE:
1. The Dangers Of Gambling And Sports Betting
2. How To Stop Gambling Addiction And Betting Losses
3. How To Permanently Quit Football Betting And Gambling
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