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I'm back some 2 years later

Posted: Mon May 25, 2020 1:20 am
by AnonymousGA1
I originally posted on this site when I was unable to control my gambling addiction, essentially for those too lazy to see my original post, I was 18, still in school when we had a guest speaker, a gambling addict, come in and tell all of us about the dangers of gambling, as a bit of a joke between me and my mates, I went home opened up a betting account (dumbest decision i'd ever made) and slapped $10 into the site, I won, of course, and from there it progresses $10 became $20, $20 became $50 and so on, all the way up-to thousands of dollars. The realisation that I had a problem was when I put a $10,000 bet down at the age of 19 and received a call from an employee within the betting site asking me questions like where I got my money, how I was able to fund that sort of a bet at that age without being in massive financial hardships, and while the $10,000 bet got up (lousy $1.20 odds) I freaked out. Not only about the call from the employee within the betting agency, although my heart felt as though it was beating out of my chest and I could barely breathe from the moment my bet was accepted, I was furious with myself.

My original post on this site was one of desperation, it was some 2 years ago, and looking back to the person I was then, I feel as though i've changed a great deal, while I still sometimes gamble (COVID-19 hasn't helped!) I'm still wondering why I still do it. Since my last post i've probably lost somewhere in the range of $5,000-$10,000 which is horrific, although it's definite improvement, as in my first year of gambling i'd lost around $30,000, the problem is most of my friends gamble, I went away with them recently and we had the greyhounds/horse racing on the TV 24/7 while we went about looking around the city, and going to the beach, it was definitely unhealthy for me and resulting in me losing somewhere between $500-$1000 that week alone.

While i'm still trying to curb back my addiction, i've made definite inroads, and if someone who's in their late teens/early 20's is reading this and genuinely want's to change I have a few tips that have worked for me (feel free to leave other suggestions in the comments for me also that might help!).

1. Put your savings/disposable money that you don't need in a term deposit

You can elect to lock your money away for 5 years in some cases, I normally do this for every pay check I receive, I store 10% of my paycheck in my spending account which i know is for neccessities and lock away the rest (90%), it's smart because I know that hopefully in 5 years i'll be a lot smarter with my money, and if i'm not then i'll just lock it away for another 5 years (it also earns a little bit extra in interest which is a handy bonus!)

2. Don't get a credit card (til you actually need it!)

It has legitimately never crossed my mind to get one, but one way you can somewhat restrict your spending is by spending money you DO have instead of money you DON'T have on a credit card, i'm fortunate that the bills I have to pay are minimal so I can get away with this (although I see why older user's need credit cards obviously) so this one's definitely for the younger users.

3. Get a debit/savings card through a bank that places restrictions on gambling

NAB are the bank I use, due to the sheer nature that you can click a button which mostly locks you out of all gambling vendors, the moment you try to make a transaction through an online betting site or something similar NAB instantly reject it, there are obviously many ways around this, so you must ensure that you either solely use NAB or use method #1 with this, so you only have a very small amount of money, and don't lose thousands gambling.

For this just Google : Block gambling transactions on your cards

Hopefully these tips help you, I obviously still have a problem, but things are looking better, leave suggestions in the comments for more things I could do to help, thanks for taking the time out of your day to read my story!

Re: I'm back some 2 years later

Posted: Mon May 25, 2020 3:29 pm
by pamela
Hi and welcome back,I remember your original post and how it made me feel being a public speaker about gambling.
I am happy you are doing better and I sincerely hope that you can stop for good one day.
No matter how much we win..it never matches what we lose.
You have put forward some good tips
Good luck

Re: I'm back some 2 years later

Posted: Mon May 25, 2020 4:49 pm
by AGHS
Thanks for sharing your journey......especially liked your tips! You would be a great community voice for young people.

Re: I'm back some 2 years later

Posted: Wed May 27, 2020 10:52 am
by Calvin (facilitator)
Hello @AnonymousGA1

Welcome back to the forums!
It sounds like you've gone through quite the journey. Those tips i'm sure will come in handy for many other people, so thankyou for sharing that. Glad to hear you've seen an improvement in your gambling over the last couple years.
Maybe now would be the time to set some goals for yourself, whether they be financial/personal etc.

Re: I'm back some 2 years later

Posted: Wed May 27, 2020 7:28 pm
by AnonymousGA1
Calvin (facilitator) wrote:
Wed May 27, 2020 10:52 am
Hello @AnonymousGA1

Welcome back to the forums!
It sounds like you've gone through quite the journey. Those tips i'm sure will come in handy for many other people, so thankyou for sharing that. Glad to hear you've seen an improvement in your gambling over the last couple years.
Maybe now would be the time to set some goals for yourself, whether they be financial/personal etc.
Yeah absolutely, I've already written up those goals, and don't have that same urge to gamble anymore, meaning I finally know what it's like to have proper savings and extra spending money for other thing's i've needed, if only this realisation came when I started out as an 18 year old! What definitely helped was restricting the gambling via amount limits and only gambling on big events, which stopped me from constantly opening up the site, and removed that habit!

Re: I'm back some 2 years later

Posted: Wed May 27, 2020 7:30 pm
by AnonymousGA1
AGHS wrote:
Mon May 25, 2020 4:49 pm
Thanks for sharing your journey......especially liked your tips! You would be a great community voice for young people.
Thankyou for the feedback! I haven't seen any posts offering advice on the site as of yet, and just wanted to post a few that definitely helped me over the years!

Re: I'm back some 2 years later

Posted: Wed May 27, 2020 7:35 pm
by AnonymousGA1
pamela wrote:
Mon May 25, 2020 3:29 pm
Hi and welcome back,I remember your original post and how it made me feel being a public speaker about gambling.
I am happy you are doing better and I sincerely hope that you can stop for good one day.
No matter how much we win..it never matches what we lose.
You have put forward some good tips
Good luck
Nice to hear from you again Pamela, I also remember your post from a while back too! realistically I could stop now if I really wanted to, although I don't see massive harm in having a little bit of fun putting $20 on a big event every once in a while! Absolutely you never win from gambling, glad you liked my tips, thanks for the positive feedback!

Re: I'm back some 2 years later

Posted: Thu May 28, 2020 12:21 pm
by Calvin (facilitator)
Good on you !! keep it up !

Re: I'm back some 2 years later

Posted: Fri Jul 10, 2020 10:46 pm
by Bluetack2
@AnonymousGA1 Great tips mate, think we’re around the same age and you’ve motivated me. Definitely understand what you mean about having the races on when with friends.

I’ve considered a term deposit previously but decided against it because the interest wasn’t great compared to some savings accounts. But a bit of extra interest obviously doesn’t mean anything if you’re constantly blowing all your savings - which I’ve unfortunately made a habit of doing - so I think you’re onto a winning strategy.

Who did you do your term deposit with and was it easy to set up?

And when you say you put 90% of your pay into a term deposit, how does that work? Can you legit just punch in the bank account details and it’ll go straight there - and does the term deposit length reset when you add to it?

Thanks mate

Re: I'm back some 2 years later

Posted: Tue Sep 08, 2020 1:23 am
by AnonymousGA1
@Bluetack2

Sorry for getting back to you so late, if you couldn't find the answers online, I used ING for my term deposits cause at the time they gave me the best interest, not sure if they still do, but offer great 2+ year deposits so you can't access much money, and yeah there's a feature where you can set it up so that when you get paid you can set an automated payment into your savings account at a certain time on a certain day every week or fortnight or month or whatever it is, most banks should offer that feature, my friends never seemed to be addicts, but lately I've found a lot of them are and have been considerably worse then me.