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Gambling Debt Is Playing With Debt

No matter which way you look at debt, it is still debt. However, unlike the more conventional impression of debt being something that happened because of a home loan, car payment or pos4d credit card usage, playing debt is unique. The number one difference here is the provocation to continue playing, hoping cascade over the big one and then pay off all that debt accumulated due to playing in the first place. The fact is, the odds are definitely stacked against anyone accomplishing this goal.

In a similar manner, 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, and this is what the gambler must also do. They need to stop playing in order to truly solve their debt problem.

Unfortunately, unlike those who spend cash in order to have things, the gambler looks at their playing in a different light. If they have lost money bets on horses or at the casino, they often 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 convince themselves that all their efforts to win are about to pay off, so they continue to go deeper into debt playing.

As is often the case, the individual begins their playing problem in a small way. It usually starts with buying lotto tickets, playing bingo or placing table bets 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 levels in their playing adventure. They soon begin visiting the race track, bets on horses or dogs, or they make the trip to the local casino for a little video slot fun. The bottom line here: realize 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 compensation 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 propensity to waste money playing, they often justify 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 playing industry doesn’t make it any easier with mottos such as “Lotto does good things” and “If you’re not in it, you can’t win it”. It can make the perpetual 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 playing wouldn’t be in business extended if they lost more money than they won. The odds are clearly in favor of the playing industry and the gambler instinctively 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 function as a next big winner. Actually, the very small variety of instant millionaire jackpot winners are only being used by the playing industry to keep other players going for broke.

The reality is this: in order to get out of playing debt, the gambler must forsake one dream for another dream. Instead of thinking about hitting the big jackpot and ending up on easy street, the gambler needs to come to the conclusion that the chances are clearly stacked against him, and this will never happen.

Accept that you are not likely to realize a cash in on all of that playing. 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 cash in on playing, you’ll never stop.

Set out 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 turned out. 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 to be found poorer than ever, their self esteem gone as well.

The next step is to cease playing 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 playing. It will mean you need to stop bets 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.

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