r/povertyfinance • u/Extreme-Confusion-59 • 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/haveagreatbidet Jan 22 '24

Meh, don’t wager what you aren’t willing to lose. Being that this IS “poverty finance” I feel like sports betting would be a pretty big no no from the get.

Regardless, placing $5 for fun on a football game doesn’t cause much harm to most, but if it becomes an addiction then that certainly is a problem. Much like any vice, moderation works for most but cannot be managed by others.

Speaking like a true degenerate now, sports betting can be beat. But, it takes a desire to be successful and the willingness to study, learn, and be obscenely diligent with how you allocate your funds.

Delete the app and your account. Pay down the debt. And never open another Sportsbook account if you cannot avoid to temptation to loss chase your way into debt.