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NoxWild t1_iybj0xk wrote

Are you and he wealthy? The amounts he is betting are very substantial sums to most average people.

He has already lost at least $6700, and his winning wagers were $1500. It's not possible to know how he is doing since we don't know the odds on each wager. It doesn't look like he's doing that well.

But even if he has enough money to cover these bets, most people would rather save it or spend it on something else. It's upsetting you, and most people would feel the same way.

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[deleted] OP t1_iybjph3 wrote

Well he’s wealthy , I’m not. I’m a school teacher. Some of the bets are pending . He said he Already saves and Invests and this money is for leisure.

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NoxWild t1_iybkvz5 wrote

That's a heck of a budget for leisure gambling. (My gambling is pretty much limited to a one-dollar lottery ticket once every couple of months.) It's difficult for me to comprehend.

Do you know his financial position well enough that you believe he can afford to lose sums like this?

I think you should be very cautious about this relationship. This seems like reckless risky behavior to me.

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[deleted] OP t1_iybmlji wrote

Well the start up that he started with his friends just recently started making money so this is very new. Before he would save and reinvest everything.

He recently started to do financially well so I’m not worried about him losing all his money but I am worried that he’s addicted to it and he will be losing a lot of money over the comjng years if he doesn’t stop.

Even though he may not go broke , you should still value Money

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