Australian (ASX) Stock Market Forum

Problem Gamblers?

I heard tonight that the person that won Ozlotto 23/10/07 was a young guy from Western Australia. A uni student - no hex fee for that young man and a possible change of career.:D and his second ticket he'd bought:)

Cheers The Cat
 
I've read a book "behind the 8 ball" which studies gambling problems and its affects on families. An eye opener for me. The general analysis is that gamblers all tend to have very similar traits - they are generally attracted by the opportunity to control and dictate the outcome - perhaps because they feel they have lost control of their own personal life.

During my dark days, I use to have the TAB racing and Comsec screens open at once, trying to pick the winning horse and the next big penny dreadful come blue chip overnight. It didn't help that my intro into the stock market was during the tech bubble era - and that I was leveraged to the kilt - easy come, easy go!

I'm glad I wasn't addicted to drugs, I would be dead by now.

You know when you are gambling when the activity consumes you, during work and at home, when you become disinterested in everything/everyone else who don't talk your language.

What helped turned me around was the realisation that my actions have a profound effect on those dear to me, more than I could ever know or imagine.

Now I use my experience in the market to make informed investment decisions and they may take a while longer to bear fruit, but its much more rewarding when you put your sweat and tears into it.

You live, you learn.
 
She Found Comfort in a Brooklyn Diner, Then Lost Everything
https://mobile.nytimes.com/2018/05/...ng&geoCountry=GB&blockId=signature-journalism


In 2013, Ms. Haskell’s last surviving sister, Marcy, died in Florida. Ms. Legall traveled with her for the funeral. “She helped me on the airplane,” Ms. Haskell recalled. “It was like a little vacation for her.”

Ms. Legall forged and cashed 75 checks totaling more than $200,000. She opened several credit cards and ran up an eclectic range of charges to Apple, JetBlue, Victoria’s Secret, and clubs and restaurants in Miami.

In addition, Ms. Legall bet heavily on horse races. She racked up expenses in New York Racing Association buffets and bars, at Belmont Park, and online at betting sites like TwinSpires at Churchill Downs.

Ms. Legall was indicted in Brooklyn on charges of grand larceny and forgery. The indictment accused her of stealing more than $470,000 from Ms. Haskell.
On April 25, Ms. Legall pleaded guilty to grand larceny. She was sentenced this month to three to nine years in prison. She lived in the house in Flatlands with a man and two of her teenage children; they declined to comment, as did her lawyer.

In the fallout of the reverse mortgage, Ms. Haskell lost her home of 46 years. Her family is fighting in the courts to get it back, but her future there is far from certain. She is crippled by arthritis and could not climb her own front steps. She has lived in a cramped room at a Staten Island rehabilitation center for about a year.
 
I've read a book "behind the 8 ball" which studies gambling problems and its affects on families. An eye opener for me. The general analysis is that gamblers all tend to have very similar traits - they are generally attracted by the opportunity to control and dictate the outcome - perhaps because they feel they have lost control of their own personal life.

During my dark days, I use to have the TAB racing and Comsec screens open at once, trying to pick the winning horse and the next big penny dreadful come blue chip overnight. It didn't help that my intro into the stock market was during the tech bubble era - and that I was leveraged to the kilt - easy come, easy go!

I'm glad I wasn't addicted to drugs, I would be dead by now.

You know when you are gambling when the activity consumes you, during work and at home, when you become disinterested in everything/everyone else who don't talk your language.

What helped turned me around was the realisation that my actions have a profound effect on those dear to me, more than I could ever know or imagine.

Now I use my experience in the market to make informed investment decisions and they may take a while longer to bear fruit, but its much more rewarding when you put your sweat and tears into it.

You live, you learn.
Thanks for sharing. Don't worry about money too much. Lots of people are negatively affected by it. I know a few gamblers who are now grieving continually. But the past is the past...Something nasty often comes into our lives and we can't change the past, but we gotta get up and keep going.
And yeah, drugs is worse...
 
A gambler is suing a Mayfair, London, casino for the £3.9million he lost in a 72-hour card game – because he said it had a legal duty to prevent his losing streak.
Malaysian tycoon Han Joeh Lim, 62, claims private members' club Aspinalls breached its responsibilities under the 2005 Gambling Act.


Aspinalls' Zoos: https://www.aussiestockforums.com/threads/all-creatures-great-and-small.5258/page-21#post-1158411
 
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A gambler is suing a Mayfair, London, casino for the £3.9million he lost in a 72-hour card game – because he said it had a legal duty to prevent his losing streak.
Malaysian tycoon Han Joeh Lim, 62, claims private members' club Aspinalls breached its responsibilities under the 2005 Gambling Act.


Aspinalls' Zoos: https://www.aussiestockforums.com/threads/all-creatures-great-and-small.5258/page-21#post-1158411
 
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