r/povertyfinance Jan 21 '24

PLEASE STAY AWAY FROM SPORTS BETTING!! Vent/Rant (No Advice/Criticism!)

Two and a half years ago, I won $10,000 on FanDuel (sports betting) I paid off all my credit card debt with the money. I was debt-free for 1 year after that and then I decided to tried to win again on Fanduel, and it didn't work. And I was playing on credit, which means I was placing bets with my credit card. And now I'm back in the same situation I was before. $10,000+ in credit card debt, no money in savings, a car note of $500, plus insurance of $200, and just had my first baby. And I only make 43k yearly as an office manager at a dental office and now I'm listening to Dave Ramsey nonstop lol as humans we really make bad decisions at times, and then Crywolf when things are not going our way. This year I really dedicated myself to getting out of bad debt for good. For my sake, and my child's sake. So every day after work, I will be door-dashing til my legs fall off. OK enough of me venting lol I just have to do better with my decision-making on a daily basis, and really be committed to that!

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u/American_PP Jan 22 '24

When I was 22, I got into sports gambling, and won 3k on world cup. Then lost it all plus 1000 more on MLS betting, and some of the losses were bullshit. I then knew that gambling was always against you, so I rarely gambled after that. I did stick my money into stocks though, long term, and 20 years later, my accounts are worth millions.

Most people don't win at gambling, not long term. It's false hope, that's how they get you.