How AI Legalese Decoder Can Prevent Financial Losses and Help Save for Your Dream Home Deposit
- May 4, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Feeling Remorseful After Gambling
Feeling really sick after engaging in gambling activities. Deleted all the apps and signed up for Gamstop in an effort to prevent future incidents.
## Financial Regret
The thought of losing a whole month’s worth of hard work and the money that could have been saved has now vanished in just 30 minutes. This impulsive decision has left me feeling regretful and foolish.
## AI Legalese Decoder Assistance
The AI Legalese Decoder can help in this situation by providing a better understanding of the legal terms and policies related to gambling. It can offer insights into responsible gambling practices and provide guidance on how to avoid falling into similar situations in the future. With its assistance, individuals can make more informed decisions and take steps to protect themselves from the negative consequences of problem gambling.
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****** just grabbed a
You can’t change the past, you can only change the future. If thats all you ever lose gambling take it as a cheap lesson.
UKs highest earner is the owner of BET365, Tells you all you need to know. She made about £450m or something mad in a year
Well done for realising that you’ve got a problem, accessing Gamstop, deleting the apps and reaching out to us on Reddit. The first steps are the hardest.
It’s actually quite sickening the amount of adverts for gambling sites you see nowadays, then they throw 1 anti-gambling advert in for probably every 100 gambling ads to make it seem ok.
Don’t stress it’s £1K. Seems like a lot but in the grand scheme of life it’s nothing.
I know a guy that forged his wife’s signature to remortgage the house and then gambled away nearly £100K. Ended up having to sell and live with their son.
Stop whilst it’s a £1K loss or one day it could be a £100K loss.
Well done for signing up to Gamstop. We’re you a gambler before this loss?
Remember the feeling of this loss next time you fancy a bet. It sucks losing that much money.
Try to mentally get some of it back by doing something to earn cash that you wouldn’t have done before this loss. Chuck some things you don’t use anymore on eBay, do a couple of days freelancing or gig jobs on the weekend, don’t get that takeaway you were thinking of getting. Doesn’t get all of it back, but helps soften the blow a little.
£1,000 is a small price to pay for this very important life lesson. Some people literally bet the house and end up losing hundreds of thousands. Not saying that would be you but every big time gambler started out as a small time gambler who couldn’t say no.
Suck it up, realise you got away relatively unscathed and keep your chin up. Stay away from the sites.
I was in the same spot. Beggining of this year I had paid off my gambling debt of 5 grand But then I had the urge to gamble again since I wasnt in debt. I quickly went to gamstop and registered my name as well as my wife’s name so I couldnt use her name to start gambling because I thought about it as well. Now I have no way of sports gambling which has been a relief cause in these 5 months I’ve actually saved up £7,500 because before I would’ve used my monthly wages to gamble then scrounge for loose change to get by until next paycheck. Now I can splurge money on my wife and I after paying all the bills.
It must really hurt to lose that, but consider it a lesson learned, and [compared to some people](https://www.reddit.com/r/BestofRedditorUpdates/comments/18fz7ti/redditor_loses_over_800000_gambling_and_hides_it/) you learned it at a bargain price (only click that link if you want to read about a man literally gambling his entire life away).
That £1k loss may have saved you from far worse losses in the future. Just stick to your lesson and get back to saving.
Sounds like you scared yourself chases losses. Yep you’re only human occasionally we lose control. As this is a finance sub I want to convince you that even ‘moderate’ gambling is stupid.
The odds for Liverpool vs Spurs on Bet365:
Liverpool win: 4/9
Draw: 9/2
Spurs win: 9/2
We can convert odds to implied probability using the formula:
denominator ÷ ( numerator + denominator) x 100
Liverpool win: 9 ÷ (4 + 9) * 100 = 69%
Draw: 2 ÷ (9 + 2) * 100 = 18%
Spurs win: 2 ÷ (9 + 2) * 100 = 18%
69% + 18% + 18% = 105%
Wait… it adds up to more than 100%? Yes that 5% is the bookmakers margin.
Now imagine you’re betting against a friend via Bet365 in a closed system. You both start with £100 each and win 50% of the time.
After first bet the two of you have a combined £190 (£100 + £100 – 5% to the bookmaker). After the second bet you both have a combined £180. After another 10 bets you have a combined £110… so £55 each.
Mathematically, the bookmaker always win. You as the gambler always lose over time. If this weren’t true the bookmakers would be going out of business left, right and centre, yet they’re all boasting large profits.
You just paid £1,000 to learn that you should never gamble again. Hopefully money well spent!
man, i think people who gamble have some sort of inverse schizo. nothing will get me to bet £1000 on a dice where 2 sides will double my money and 4 sides will lose my money.
but for ganblers they see this is like a crack hit they can’t refuse.
that’s what gambling is, occasionally you will win here and there but overall it’s a net loss.
there was a gambling simulator someone created and it will similulate the wins/lossess over time of someomne who gambles daily. for some people get get lucky intiially and they win big, but then over the course of time they lose more than they win.
£1k is a cheap lesson. Focus on your future and on how to control this. One of my mates has lost about £100k in gambling (poker+betting), now that was a bit of an ouch. He’s still recovering from it.
Could be worse, you could have taken a loan out in your wife’s name, pretended to be her on the phone to get more and then emptied your kids savings
It would have been far, far worse for you if you had won
Go and read r/gamblingaddiction. This should be enough to stop you gambling right now. Some of the stories on there are heart breaking
*when you lose
It’s not if, it’s when, gambling odds are never in your favour. Well done for getting help though! You got this!
Well that was dumb, just don’t do it again.
Nobody died.
Make a physical note of how you feel about this somewhere and remember/look at it when you feel like you’d like a bet.
After not gambling for almost 8 years, I’m doing alright now but I reckon the habit set me back a solid decade in terms of savings/deposit/personal life.
That £1k will be one of the most valuable lessons you ever buy.
My grandmother worked in a bookies for 40 years, she never gambled once in her life. She saw life’s destroyed daily and the only ever winner was Gus Demmy bookmakers.
A friend of mine just gambled away his £100,000 house deposit. It could be a lot worse.
Never forgot how it felt to lose all that money. Write it off, you’ll never get it back, ever. That will help you psychology disconnect from it.
Only a very very tiny percentage ever make any money from gambling. Unless you spend lots of time learning these techniques you will never win, ever.
Now you can get rich slowly by investing regularly and letting compound interest do it’s thing. It’s quite boring so if you like the thrill of gambling find a hobby that gets those endorphins running around and one that doesn’t cost you much money.
My advice would be to look up other posts on here about gambling losses.
People lose tens of thousands and more and spend their whole live recovering from it.
You got the same lesson for cheap. Look to the future now and start rebuilding. In a few months time you won’t even be thinking about this anymore. Time heals.
Deleting the apps won’t work. Face the shame and tell your family what you have done.
Once the shame is removed you’ll have an easier time coping with the urges.
Addiction is an illness. I can walk into a casino with a set amount of cash and not care if I win or lose because I’m paying to have fun. That’s what gambling is to most people but you allow it to ruin your month.
By sharing you can help to lower the urge to chase the rush because you feel so low and the people who love you can act as an anchor
Good luck op
Can I ask why you did it?
I know some people justify gambling as “just a bit of fun” but I have the impression that gambling addicts often see it as an escape – the only way they’ll be able to afford a house, a decent life or other nice things.
Save the money into Premium Bonds. The money is safe, plus scratches that gambling itch (sort of)
Let this be a £1000 lesson to never do it again. Get help too, even if you’re 100% convinced you won’t do it again. Good luck.
I hope today is the start of your life without gambling. Good luck.
It wont hurt as much in the future, but if you take one thing away from it you’ve learned how dangerous gambling is which, for £1000, is a relatively cheap lesson.
It could’ve been much worse and now gambling is off limits 🙂 don’t beat yourself up, you can’t change the past
I lost about the same amount in meme stocks back when it was hyped, which was essentially gambling. It hurt but I ended up learning invaluable things about stocks, trading and finances. Everyone’s made financial mistakes but it teaches you important stuff!
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Sorry you’ve been through that, but at least you’ve put positive steps in place.. you might want to edit and think about your last sentence, you said it’s not worth it if you lose. It’s not ‘if’, it’s WHEN because you always will eventually