Time to give up after almost 20 years of gambling?

[richdeniro]

Bit of a long post and not meant as in a woe is me kind of way, just started typing and wanted to put it down on paper. Am sure there are a million posts like this all over the internet but maybe it will be cathartic.

I have been gambling/trading on Betfair since 2005 and recently requested a deposit v withdrawal statement which showed that I have lost a little over £40,000 since then. It has put into perspective just how hard it is to make any extra money on the side and am, not for the first time, thinking it really is time to call it a day.

I guess a £2-3k loss every year isn't a huge amount in the grand scheme of things and was probably just about the amount I could afford to lose but added up it equates to well over a years salary which makes it all the more depressing especially as I fell hook line and sinker in hoping that gambling might be the golden ticket to making a little bit extra cash that might give me a slightly better quality of life.

I guess that's the reason most of us get into gambling really, the hope of being the 0.1% that actually do make money. For me I have always been fairly unremarkable I guess, live and work in London in a fairly average job always in the 25-35k mark and with no real creative talent or the extroversion or confidence to make much of a career - personality type is INFJ so I am very aware of my flaws and also fairly cynical of the working world having spent almost a year unemployed due to the financial crash and worked for pretty bad employers. I guess gambling/trading gave me the same hope that the lottery has but that it felt more realistic a dream to stumble across some sort of system that might get me out of my one bedroom flat and into being able to own my own home and not have that permanent worry about money. My brother also has severe mental health issues and was effectively made homeless by the coalition government when the austerity cuts hit for a few weeks in 2016 which made me double down on my efforts as I never wanted my family to go through that again so sought to try and make money to deal with that.

But after 20 years and now in my mid-40s, I've read almost everything there is to read about systems, I've paid tipsters, invested in automated betting software, trying spread betting on IG and countless other things I haven't even come close to making the money I lost back in order to break even.

Is it completely hopeless? Has anyone ever made it work or successfully made back a massive chunk they have lost over the years? Or even just stumbled across a system that works for them after many years? At the moment I've resorted to putting anywhere between £2 and £10 on ridiculous 20 leg accumulators in an attempt to win my money back which seems ridiculous and is just increasing that losses figure.

Can anyone recommend any other way to make a decent amount of cash every month? I'm not a shirker and always happy to put the graft in but everything just seems impossible - I've tried dropshipping, buying and selling at auctions, share trading, doing things on fivver, etc but after almost two decades of trying am now thinking I should just accept that this is my lot.

[LEE-GRAYS]

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