Quick Help Please

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Frogman
(@frogman)
Posts: 79
Topic starter
 
Hi All,
I signed up here a while ago but never felt the need to post my story as I thought my gambling addiction wasn't bad enough.
Now I have lost litterally everything and all I am looking for is some words of encouragement and advice on how I can pick myself up.
Quick background info about myself. I am 34 and have been married for 2.5 years now. We have a son and the second one is due to be born in 2 weeks. I have earned a decent salary for the last 6/7 years with an average of £45k annually.
I got the balance of what I have lost so far since opening my online betting account in 2012 and it sits at £69,000. I started off with ocassional football betting, losing a few quid here and there. In 2014, I started gambling more frequently and my loss (I kept a spreadsheet) gradually rose to £25k. As I was earning well and had access to credit facilities, I was still able to survive but I eventually hit rock bottom in late 2015, which then forced me to open up to my wife. As you would expect, she was very disappoint but she stood by me and acted as a guarantor to get a loan to pay off my debts (I am still paying that loan till today).
I stopped gambling for a long time. It wasn't much of a problem for me to stay away from the gambling website because my addiction wasn't compulsive at the time (So I believe). I was paying off my debts and taking care of household bills and had some lose change to spare, but somehow, in October 2017 I was back. I lost £8000 in the space of three weeks of football betting and then started chasing it. I lost another £16000. In this period, I was spending the better part of my day researching on how to beat the bookies. I even subscribed to one of the arbing websites, I paid £35 for the first month.
To cut the long story short, I ended up with Tennis betting which initially paid off, I thought I had the winning formula. I started with sets betting and graduated to backing a favourite who has lost the first set with odds in the region of 2/1 to 9/1 and I even staked £1000 on a number of occasions. I managed to win back £18,000 out of the £24,000 I lost but I don't need to explain what happened in the end. I lost everything and the losing streak came. I started taking out more loans (both personal and business) and credit cards, to chase it, thinking about the periods I won and thinking in my head that the winning streak would come back.
After hitting rock bottom again, I confessed to my wife for the second time last month. I have to say that she must be the most loving and caring person in the world because she forgave me again and even took out a personal loan this time to help pay off my debt. She even borrowed money from relatives. Instead of paying off the debt, I tried to chase my loss with the money and eventually lost everything again. Now I have dragged her into debt and she is madly upset.
Believe me or not, I now have 25 + creditors that I owe (Credit cards, personal loans, payday loans, business loans and loans from relative). My total debt is £57,000. I am actually struggling to focus at work and I have lost 10kg in weight in the last 2 months, I rarely eat these days. I have also picked up smoking which was something I only did at social events or night outs. I have also been lying a lot to my wife lately, not disclosing the actual level of debt and all further borrowings. My first default loan repayment will be on Friday but that is not the most pressing issue. My wife has no trust in me anymore and she has no means to help. I have put our lives and future at risk. I am only a step away from losing my marriage, wife, son and unborn son.
I managed to open up yet again yesterday, you can imagine how she must have felt. It was a terrible day, the darkest on my life. She is struggling to forgive me this time and I dont think I deserve to be forgiven. I have been selfish and wicked. I have begged her and promised to rebuild the trust. I have given her access to all my accounts and have blocked the gambling website. I made yesterday the start of a new dawn for me and I want to focus on rebuilding the trust and paying off my debts. I will most likely be going on the debt management plan. Credit history will be ruined for 6 years (least of my worries now).
I want to point out that what drives me to betting is winning the money back. I have finally come to terms that the moeny is gone. The mental strenght is what I think I need now
Any advice will be highly appreciated.
 
Posted : 2nd May 2018 11:33 am
salaz
(@salaz)
Posts: 21
 

Well, I have only one advice to give that helped me. Give all financial access to your wife, and have 0 access to money online.

 
Posted : 2nd May 2018 1:40 pm
BG1973
(@bg1973)
Posts: 7
 

Hi

Well done for admitting and opening up. What has worked for me in the last 33 days may or may not work for you. i attend a GA meeting every week, the feeling of talking and sharing your story with people who have the same illness aswell as listening and learning from others is something i look forward to weekly. My other suggestion is hand over all finances and liabilities to your partner. It is not nice at first but it sounds like you are at rock bottom and need to do something to change it and you need to rebuild the trust at home. i recognise this as you are now 'ready' to change. By that i mean the bigger picture no more race days with the lads (best day out of the year) no more lottery, no more sports bets and no more horses/dogs.

  • tell your partner everything and hand over financial responsibility
  • find a local GA meeting and attend at least 1 a week
  • get payment plans in place for all debt so you can live and its manageable
  • ​visit your gp and tell him/her everything. they may put you on some medication to help (it works)

​My doctor prescribed me some anti depressant tablets, he made me take my partner in the next day for another appointment and collect the prescription (just making sure partners are aware and we are upfront. this was a great help)

Apart from that keep strong and get your head down at work i lost my job over this so i am the same as you but with no currnet income!!

Best of luck you can do this you don't need it anymore.

Billy

 
Posted : 2nd May 2018 1:58 pm
(@lethe)
Posts: 960
 

Having been in your wife's position my view is you ought to be doing and offering more.

Full financial control including access to every credit report out there and blockers and passwords set by her to your devices as a start. Look into counselling to establish what's driving the compulsion and plan to attend GA now and going forward. Don't pressure her about trust. She won't and indeed shouldn't trust you for a very long time to come. She will need to see action not the hear the words she's heard countless times before. Has she got support for herself? It would be a very good idea for her to get that wherever she can whether via formal groups like Gamanon or via friends and family.

 
Posted : 2nd May 2018 2:01 pm
ITDamo
(@itdamo)
Posts: 480
 

HI Ayoadeade (hope thats right),

You've had some excellent advice above bou now it is up to you and where you go with it. The first issue for me is your debt and if that is dragging you down then get in touch with stepchange. They will be able to help you to make more manageable payments so that you are not struggle every month to get by. It may affect your credit rating but no more than you missing payments or getting more credit.

As with most people on here your focus is centred on the money you have lost and how to get it back. What about the time lost sitting gambling that you could be spending with your wife and son….that’s got to be more important right?

If you are really ready to stop then you will start to make the choices that give the best chance of that happening. Telling your partner is good but if she finds out there is more it will be 10x worse believe me. Get yourself along to GA/Counselling. Some people say is not for them but what harm is it to give it a go? Its not going to make things worse is it? That’s not to say it’s the only way to go about it but maybe it could turn out to be the best way for you.

Whatever choices you make I really hope that it goes well for you.

Damo

 
Posted : 2nd May 2018 2:48 pm
Forum admin
(@forum-admin)
Posts: 5994
Admin
 

Hello Ayoadeade1

Welcome to the forum.

Blocking the gambling websites and opening to your wife about your debt and giving her access to your accounts are positive steps. There is some great advice from other forum members here and would echo what has been said with regards to finances. Asking you wife to handle the finances for a time can be helpful while you start address your problem gambling.There is help for you here with Gamcare there is free counselling available across the UK and the counselling is face to face please see here for details. http://www.gamcare.org.uk/support-and-treatment/free-treatment

There is also group support with Gambler Anonymous and meetings are also across the Uk https://www.gamblersanonymous.org.uk/

We have a helpline and Netline where you can speak with an adviser and they will listen to your concerns the helpline is open 8am -midnight every day. The contact number is 0808 8020 133 please see here for netline http://www.gamcare.org.uk/support-and-counselling/frontline-services/netline

You also say that you are looking at a possible debt management plan. Please see here a list of non-profit agencies who can give you free independent money advice. http://www.gamcare.org.uk/get-advice/what-can-you-do/finance-and-debt-management#.VBwEDvldXww

You are not alone please keep posting

Forum admin

 
Posted : 2nd May 2018 6:49 pm

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