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.

And now, let’s continue with the obvious question: How to recover lost money from casino? Is this possible? Can you still take something back for lost money at casino?

How To Recover From A Big Gambling Losses

Gambling losses are indeed tax deductible, but only to the extent of your winnings and requires you to report all the money you win as taxable income on your return. The deduction is only available if you itemize your deductions. If you claim the standard deduction, then you can't reduce your tax by your gambling losses.

The short answer is no. And you already know this: No casino (or online casino) will refund your money just because you lost. Remember that these are called “games of chance” for a reason. The operators do not guarantee any winnings and you cannot take your losses back. Do you go to the betting booth after losing a sports bet and ask for your money back? It is the same principle: Lost money online casino (or land-based casino) won’t be refunded, period.

Since nobody can tell you how to recover lost money in casino because it is not possible, you should start accepting your losses. Coping with gambling loss is a hard and long process, but it is also mandatory. You should start by: Taking A Break. Maybe it is time to take a short break: Gambling must be a hobby, not a second job. I don’t listen to him and I go lose the 10k in 30 minutes of roulette, feel like complete scum again. So I get back home what do I do I go to the casino which I am banned from, and it spiral out of control, they don’t recognize me with my beard, I start going everyday. Skippping class to gamble, stop working out, lying to family and friends. We moved eighty miles north of NYC with the tiny bit of money we took out of our apartment after selling at a million dollar loss. I didn't leave the house for three months. I gained back all my.

There is only one scenario in which the answer to how to recover lost money in casino question is yes: Fraud. If your account is hacked and a third party used your balance to play games, then yes, the casino may choose to refund your losses. However:

How To Cope With A Big Gambling Loss

• This is not mandatory. The casino may not choose to refund your losses even if you can prove that your account is hacked.
• Proving a hack is harder than you think. The majority of players who lost try to use this excuse, and we do not know even a single case where the casino accepted a hack really happened.

So, while possible in theory, it is near impossible to recover your lost money at a casino because of a hack. However, we have a suggestion for you: If you play at online casinos, you can win back a certain percentage of all your losses automatically. This is called a “casino cashback bonus”: By using it, you can save some of your losses at all games. For example, there are online casinos out there that refund 25% of all losses every week. Yes, it is not the solution you want, but it is still an option. More importantly, this is the only legal way of getting a refund, so we advise you to benefit from this promotion.