Individuals Reflect on Their Regrettable Financial Choices

18.

“Gambling. You can never outplay your losses.”

“The issue with gambling isn’t the losses per se; if you lost consistently, you wouldn’t continue to bet. The challenge lies in winning.

The more you win, the higher your stakes become. A few wins here and there seem insignificant — I once visited a casino with $2 and walked away with over $500; the following day, I entered with $150 and left $300 in the red.

This vicious cycle ensures that the money you earn doesn’t lead to substantial changes in your life, as you’ll inevitably lose it on your next wager.

As a result, your mind becomes so addicted that you begin to make illogical financial choices in your everyday life — even regarding expenses that have nothing to do with gambling. You might end up splurging on luxury items for your partner because you feel guilty about a loss from the previous night or because you’re overly optimistic about winning again tonight.”

—u/No-Compote-2127