No matter which way you look at debt, it is still debt. However, unlike the more conventional impression of debt being something that happened as a result of home mortgage, car payment pos4d or credit card usage, gaming debt is unique. The number one difference here is the temptations to continue gaming, hoping to hit the big one and then pay off all that debt accumulated due to gaming in the first place. The fact is, the odds are definitely stacked against anyone accomplishing this goal.
In a similar way, those who continually run up credit card debt buying clothes, furniture and other electronic gadgets will never find themselves out of debt. If there is any hope of them one day getting out of debt, the first thing they need to do is stop over-spending. In like manner, this is what the gambler must also do. They must stop gaming in order to truly solve their debt problem.
Unfortunately, unlike those who spend money in order to have things, the gambler talks about their gaming in a different light. If they have lost money gambling on on horses or at the casino, they often times think that their luck is about to change. All they need is that one big jackpot and they will then be living on easy street. They often times encourage themselves that all their efforts to win are about to pay off, so they really continue to go deeper into debt gaming.
As is often the case, the individual begins their gaming problem in a small way. It usually starts with buying lotto tickets, playing bingo or placing proposition wagers with co-workers on their favorite sports team. Even though they lose more often than they win, the euphoria that overtakes them whenever they do win compels them to up the blind levels in their gaming adventure. They soon begin visiting the race track, gambling on on horses or dogs, or they make the trip to the local casino for a little slot machine fun. The bottom line here: associated with lose more than they win back and the debt begins to grow.
Even though they fully recognize the debt they are getting themselves into, they still believe they will one day win the big settlement and will be able to get out of the debt mess they are currently in.
Another aspect of this dilemma is purely psychological. Because no one wants to feel stupid or made a fool of by others because of their predisposition to waste money gaming, they often times rationalize their actions by making themselves believe that they will beat the odds and sooner or later hitting the big win will have made it all worthwhile.
The gaming industry doesn’t make it any easier with mottos such as “Lotto does good things” and “If you are not in it, you can’t win it”. It can make the continuous gambler think that, even if they continue to lose, at least they are ‘contributing’ to a good cause that benefits the community.
Even though this all makes sense, in the heart of the gambler they know they have a problem. They know that the casinos and other forms of gaming wouldn’t be in business very long if they lost more money than they won. The odds are clearly in favor of the gaming industry and the gambler naturally knows this.
However, one of the cruelest things to happen to any gambler is to see the occasional big winner. That is often enough to keep them playing the game, hoping that they will be the next big winner. Truthfully, the very small numbers of instant millionaire jackpot winners are just being used by the gaming industry to keep the rest of the gamblers going for broke.
The reality is this: in order to get out of gaming debt, the gambler must forsake one dream for another dream. Instead of woolgathering about hitting the big jackpot and finding yourself on easy street, the gambler needs to come to in conclusion that the the probability is clearly stacked against him, and this will never happen.
Accept that you are not going to realize a make the most of all the gaming. Admit to yourself that, even if you did win something, you will always lose it back in an attempt to win even more. The bottom line is, as long as you believe you can see a make the most of gaming, you will never stop.
Learn to educate yourself by reading books that reveal the true statistics of the game to understand that no one can truly beat the casinos in the long run. You could even research the lives of those that have hit the lotto and see how their lives have proved. You will soon discover that most of them are miserable, often suffering from depression, divorce, drugs or alcohol, not able to properly manage their unexpected riches, soon can be found less well off than in the past, their self esteem gone as well.
The next phase is to cease gaming in all its forms. It may require you to request being banned from casinos and race tracks. You will also benefit by canceling any accounts with a bookie or other sources of gaming. It will also mean you must stop gambling on with friends and co-workers on potential outcomes of sports matches. You will even need to stop purchasing that occasional lottery ticket, even when it is at a new record amount.