Tag Archives: Gambler’s Fallacy

After the Death of a High School Student, the Police Were on the Look Out for the Bookies and Found Three High Schools and Twenty-Seven of Their Students Involved

Started too young, in the life of crimes, from the Front Page Sections, translated…

The second-year high school student, Kao works as a bookie for a gambling website, because he’d owed $280,000N.T. in gambling debts he couldn’t pay up, on Mother’s Day, he’d attempted suicide by burning charcoal in his home.  The police followed the leads, and two nights ago, managed to arrest the bookies He works under, Tsai and Lee, and Yeou, who’s above the bookies.  After Tsai and Lee were interrogated, they were taken into police custody, and Chuang was charged with gambling right away.

The police sorted through He’s cell phone, and found there to be twenty-four other students from his school who were also involved, and, interrogated them all yesterday, and so far, three schools and twenty-seven students have been found to have involvements in the case, and from this, we can see how serious the problem of on campus gambling is.

The police stated, because the online gambling sites are set up abroad, and, the workers took cash bets, it’s really hard, to find the person behind it all, and, Chuang was merely a “small fish” in the gambling websites.

Tsai and Lee are both minors, and, although they’re involved in the gambling charges, they weren’t caught in the act, and so, they were sent home after being interrogated, alongside twenty-four others, and, they’re to make their appearances in juvenile court at another date.

The investigative officers pointed out, that two weeks ago, Lai, another student from He’s high school, because of how much pressure there was for him as a junior bookie (Retailers), after He learned, he’d taken up the post, but, for the next two weeks, because the students who’d signed the bets couldn’t pay him, and he’d owed the debts himself, he and his peers owed a total of $160,000N.T.  And because the debts are collected on Mondays, in order to find a way out, to turn his situations around, on the evening of May 9th, before Mother’s Day, he’d bet in the “Dice Games”, but, in just one night, he’d lost $120,000N.T.s, the very next day, he’d left the message, “Lost my final bet in life”, committed suicide by burning charcoal.

The student, Tsai was once the upstream for Lai, in February, he was caught by the police, and, he’d handed his job to another student from another school, Lee, later on, He connected with Lee, Tsai and Lee admitted to working as the general agents, and reported to Chuang directly; Chuang sold drinks at the night markets regularly, and, in order to increase his earnings, he’d gotten the agent rights from a gambling ring online, from a man nicknamed “Chang”, absorbed Tsai, Lee as his downstream, on the ninth, he’d heard Lee told, that “He is suicidal”, but he didn’t know He personally.

The police officers said, the student He accepted the bets from his fellow students, and got 1.5 percent of the fees, and, the bets ranged anywhere from $100 N.T. to $10,000N.T., the gambling rings used the temptation of making huge amounts of money to attract the students, and, at the start, they’d given them the sweet rewards, but, they’d found an assortment of reasons, to withhold their commissions.

The police suspected, that He had lost the bets, and, wanted to gamble one last time, to see if he could make what he’d lost back again, and maybe, he was affected by the Japanese comic of “Revelation of Gambling”, the main character from the comic was a habitual gambler, with high debts, in the end, he’d taken his friend’s advice, went onboard a gambling ship called, “Hope”, placed his final bets, ended up, winning everything, but the money was scammed away by his friends, He might have copied the behaviors in the stories, but, he’d ended up, committing suicide.

So, this, is the cause of the death of a high school kid, because he was tempted, and, once he was drawn in, he’d found himself, sinking deeper, deeper, and deeper, and in the end, he couldn’t get out, so, he took the easy way out.

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Filed under Cause & Effect, Choices, Coping Mechanisms, Cost of Living, Current Events, Despair, Getting Exposed Too Young, Lives Lost, Observations, Peer Pressures & Influences, Problems of the Teenage Years, Social Issues, The Teenage Years, Vicious Cycle, Wake Up Calls

His Wife and Child Left Him…He’d Placed His Own Teaching Certificate as a “Wager” and Still Betted

In need of serious treatment for a GAMBLING problem here, from the Front Page Sections, translated…

The male P.E. teacher from Jinghua Middle School had gotten so deep in the game, “Bingo-Bingo” he’d owed over four million dollars, last year, he’d placed another bet at the lottery stores, and didn’t pay, and received a delayed jail sentence, his wife took his kids and left him; yesterday, he’d done the same, placed bets of over $40,000N.T at two separate shops, and told the shops that they could have his teaching identification card to keep, claimed that he’s going to get the money for the bets, and ran off, the shops called the police and he was caught.

The forty-one year old teacher Chang four years ago became addicted to the game, “Bingo-Bingo”, and ever since, he’d gone down the dark paths, asked money from his friends and loan sharks to place his bets, and as he was arrested, there was only $100N.T. left inside his wallet; he said with regrets, that he couldn’t defeat the desires to gamble, “maybe I should just CHOP my own fingers off!”

Yesterday Chang went to a lotto shop on Zhongxiao E. Road, asked to get nineteen bets (each one worth $1,250 N.T.), totaling to $23,750N.T.s, and, he’d lost everything.  As the shop asked for him to pay, he’d asked for another game, the shop insisted that he paid them first; he’d told them, that he didn’t have that much on him, and gave them his cell phone number, his teacher’s certificate, along with his driver’s license, claimed that he’s getting more money, and, never returned to the shop again, the shop called him, he’d turned off his cell.

Chang later went to place his bets at another shop, as he was half way done, the shop asked him to pay, he’d told them, “I don’t have the money!”, the shop quickly stopped his bets, but, part of the bets he’d placed were final, and he’d placed eighteen separate bets, totaling up to over $22,000N.T., he’d begged to pay them back at a later date, the shop called the police.

The police arrested him, and booked him based off of fraud; he’d claimed, that he’d betted, to pay off his debts, that he will pay up.  The police found, that this, was NOT the first time that Chang had done this, last year, he’d gone to four separate shops, and owed $40,000N.T., and was sentenced to the jail term of six months, which he was supposed to serve two years later.

Chang said, that at the beginning, it was only for fun, for a few hundred bucks, and then, it’d gotten bigger and bigger, the most he’d betted was $400,000N.T. a time, and because he’d lost, he felt unfair, and he needed to take care of his two elementary aged daughters, “I wanted to get my losses back all at once!”, without knowing, that he’d gotten into the vicious cycle, kept borrowing money to gamble, and now, he’d owed over four million dollars.

He said, his wife already turned cold from trying to get through to him unsuccessfully, last year, she’d divorced him, and took the kids, he worried about how he’ll pay back the money owed, he couldn’t focus on teaching his classes; he knew, that he didn’t have a dime left, and still, he’d wanted to place the bets, “I’d secretly hoped that I’d win big!”.  He said, that last time he was caught, he got a big reprimand from the school, that this time, he might lose his teaching post at the school.

The police told him, that he is able-bodied, and should work hard, to “not ruin your own life!”, and even though, he’d told them, “I understood!”, that he wouldn’t keep going, and he’d used his cell phone, to take out money from the loan sharks, and the police couldn’t do anything to help him.

And this man had gotten drawn in, by the gambler’s fallacy, thinking that the next time he’ll finally win back all he’d lost, and, yet, he kept on this losing streak, until he’d lost his pants, and he still wanted to gamble, and, it may take this LOSER to lose HIS life to finally realize, and by then, it would be too late because he’d be D-E-A-D!!!

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