Betting Debt Is Gambling With Debt

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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 PG Slot loan, car payment or credit card usage, betting debt is unique. The number one difference here is the enticement to continue betting, hoping to kick the big one and then pay off all that debt accumulated due to betting 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 leaving debt, the first thing they need to do is stop over-spending. In like manner, available on the market the gambler must also do. They need to stop betting in order to truly solve their debt problem.

Unfortunately, unlike those who spend cash in order to have things, the gambler talks about their betting in a different light. If they have lost money wagering 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’re going to 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 betting.

As is often the case, the individual begins their betting problem in a small way. It usually starts with buying lotto tickets, playing bingo or placing wagers with co-workers on their favorite sports team. Even though they lose more often than they win, the euphoria that overtakes them if he or she do win compels them to the buy-ins in their betting adventure. They soon begin visiting the race track, wagering on horses or dogs, or they make the trip to the local casino for a little video slot fun. The bottom line here: they start to 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 payback and will be able to get out of the debt mess they are currently in.

Another part of this dilemma is purely psychological. Because no one wants to feel stupid or made a fool of by others because of the predisposition to waste money betting, they often times rationalize their actions by making themselves believe that they can beat the odds and sooner or later hitting the big win will have made it all worthwhile.

The betting 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 town.

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 betting wouldn’t be in business extended if they lost more money than they won. The odds are clearly in favor of the betting 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 can work next big winner. In reality, the very small variety of instant millionaire jackpot winners are merely being used by the betting industry to keep other players going for broke.

The reality is this: in order to get out of betting debt, the gambler must forsake one dream for another dream. Instead of fantasizing about hitting the big jackpot and finding yourself on easy street, the gambler needs to come to in conclusion that the it’s likely that clearly stacked against him, and this will never happen.

Accept that you are not likely to realize a make money from all the betting. Admit to yourself that, even if you did win something, you will always lose it back so as to win even more. The bottom line is, as long as you believe you can see a make money from betting, you’ll never stop.

Start to keep yourself well-informed by reading books that reveal the actual 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 money, soon can be found less well off than in the past, their self esteem gone as well.

The next phase is to cease betting in all its forms. It may need request being banned from casinos and race tracks. You will also benefit by canceling any accounts with a bookie or other sources of betting. It will mean that you need to stop wagering 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.

By doing so, you can now use that money you’re paying for betting to start leaving debt. Instead of thinking that you can money the device by winning the jackpot and then settling your debts, take that mindset and apply it towards really winning the big one by settling your debts the right way. When you are prepared to get out of debt through hard work and discipline, only then will you truly work winner!

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