I decided to take about $2,000 and go on a Casino trip with my best friend Betsy. We got to the casino, and I had all my money in $20 bills. I hit the first slot machine. It was a dollar slot. I pressed the spin button- and BOOM! I got three diamonds, and managed to win $80.00! I was shaking. I had never gambled before and suddenly I was up. I played all night and ended up with $400 more then I had started with. I used the money to buy some new clothes.
The next weekend I invited Betsy back to the Casino. This time I somehow lost, despite my system of only doing the dollar slots (its a better pay out). I ended up losing $3,000. It took about four hours to do. I was devastated. Betsy told me to stop while I was still okay, but I didn't listen. In the next 6 months I managed to spend about $889,000 of Dad's money to us at the slot machines. I know that sounds like a lot, but trust me it goes fast when you start playing tables- I got into black jack and there were tables where the maximum was $500 a bet. I couldn't help myself, honest! When my mother went to check the balances she was shocked and dismayed. She and Dad didn't plan on spending the money until seven or eight months after he placed it in the accounts, so they could get a small vacation home. I was supposed to use my money on other things, but apparently not gambling.
My parents refuse to speak to me. After my Dad blew up on me for ';throwing away'; 40 years of his hard-earned money, they kicked me out of the house! I explained that all I needed from them was about $20,000- $10,000 for my living expenses, and $10,000 to go back to the casino to try to earn back the money. They flat-out refused! I found this quite terrible considering I am their daughter and all. Why did this happen? I know I spent a lot of money in half a year on slots, but I didn't realize they would get so pissy. My grandparents also told them to cut me off and that I was getting addicted. Come on! I've gone to casinos all the time and hear all these old ladies saying ';I won $5,000 on a Quarter machine. I did well tonight.'; How do THEY win but I lost? I don't understand. I know the house technically wins, but I see A LOT of people walking out of casinos bragging about all the money the won on nickel slots and how they had JUST sat down and only put $5 in, and suddenly they struck it big. I have no idea why it didn't happen to me.
Please, why did this happen and was I wrong?Was I WRONG to gamble the family's money?
let me get this straight, you spend almost a million dollars on gambling, money that was not yours to take. money that was your fathers life savings, money that was your moms as well, you are 27 yrs old and still living with mom and dad and you have the nerve to ask them for more money to live on and want to know why its not your fault. wow i can't believe what i am reading. i hope this is not true and you have a vivid imagination.Was I WRONG to gamble the family's money?
Casinos are built on losers not winners. For every one winner, there are a thousand losers. I hope your story is NOT the truth, because that was one of the most ignorant stories I ever heard about gambling.....either that or you are just in COMPLETE denial. You were so wrong that if you were my daughter, I would disown you...THEN I would sue you in court for the amount you STOLE....(yes you STOLE the money because you did not use the money in the account for its intended purpose)
I would say to you the money was not for you to gamble with. It's always easier to destroy than create or make. The returns for gambling is generally negative. That means over time especially the longer you play the odds are against you. It's just the occasional jackpot or flashing lights that makes you want to play more. You might hit a Million dollar jackpot however the odds are against you. Your more likely to be struck by lightning.
Your goals now is to create wealth not destroy and get back the trust from your family. Create wealth with your art and make money. Learn that it's harder to create wealth for instance your Dad's nest egg of $900,000. It might take you over a lifetime to make that back and by that time it will probably be too late to ever pay back you Dad.
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