I've just lost over £65000 through sports betting in the recent built up, i have maybe around £10000 or little over, i recovered over £50000 last year and just this month i ended up losing back 50000 plus another 15000, i dont know how to deal with these losses, i want to get over it but its almost impossible. my head is spinning out of control and im feeling sick every moment of my life now. I dont know if i can tell my parents i've lost this much money because it would be a burden to them! should i be telling my parents about my huge loss? i don't want to commit suicide either because it would burden them also, i need any advice which would help, i want to avoid gambling ever again because its making me sick and been a waste of my life in the past year.

Big Cat Gambling Losses

1. After that big first loss your mind is going to be in a permanent state of anxiety and chaos, dwelling on those losses, and this is the most dangerous time for you to be anywhere near any form of gambling. The urge to chase those losses will be stronger than any other urge you will ever face.
2. The final total of his losses added up to nearly $112 million per the Wall Street Journal. With a nickname like Vegas Dave, one has to assume that big losses are just going to be part of the experience. This sports bettor, whose actual name was Dave Oancea, was known for being showy with his gambling on social media.

Huge Gambling Losses

Big Gambling Losses

Gambling losses do not impact your tax return nearly as much as gambling winnings. Losses only partially offset the tax effects of gambling winnings. If you’re a regular gambler in retirement, this means your fun can cost you thousands more in taxes and increased Medicare Part B premiums each and every year.