My experience with Gambling Block


(Daniel Warriner) #1

I wanted to share quite a personal experience with everybody; mainly so Monzo and its customers can see what a difference some features can make.

On Tuesday, I was rather disappointed from losing a couple of bets that I’d put on the England game, but noticed that I’d won a relatively small amount from one of them. Instead of cutting my losses and withdrawing the funds, I decided to use them on online roulette. Unsurprisingly, I lost that money.

For reasons unknown to myself, I decided to carry on, and began depositing more money in order to play more roulette. To cut a long story short, I lost just short of £700 that evening after losing every single round of roulette.

I’ve never really understood people with gambling problems; and always thought I’d have enough willpower to stop when I’d lost what I could afford.

What became clear though, was how strong the “oh go on, another £50 won’t hurt - I’ve got to win eventually!” mindset can kick in when gambling.

Afterwards, I activated Monzo’s Gambling Block (with ease, I must say) and opted to self exclude myself from my online gambling accounts for the maximum amount of time possible. I now know that even if I wanted to, I couldn’t place a bet that might lead to another incident like the above.

I’ve not posted this for sympathy or to be judged. I’ve posted it to say thank you. A couple of months ago when Monzo announced the Gambling Block feature, I recall making a point of telling people how good the feature was. I never saw myself needing such a feature but I’m so glad that it’s there to be used!

Finally, I’d just like to issue a warning. This might seem self explanatory and may sound too much like the adverts but…when the fun stops, stop. I wish I had. I never thought I’d be the kind of person to be drawn into gambling so much money. It really draws you in when you least expect it - and even though I know that statistically, you HAVE NOT got to win eventually, I was too caught up in the moment to realise.


#2

It’s all about chasing your losses sadly. Thank you for sharing, I’m sure someone else in the same place you were at launch might get the urge to turn it on.


(Chris Rimell) #3

Thank you for sharing your experience with us all :+1::heart: