In this post here
, I talked about how I play the national lottery, place a bet on one horse-race
a year and occasionally gambled on football matches. Gambling like this is a hobby of mine, under control, although I don’t really know exactly how much I spend on this past-time. All I know is that I don’t spend as much on the lottery as I used to years ago.
So I dug out my bank statements for 2013 to do an analysis on my gambling habits.
The figure shocked me.
Last year, I gambled away over £522! By gambling, I mean lottery, online betting on football matches, football pools, fantasy football and football predictions. I say ‘over’ £522 because it’s not possible to measure the exact figure, as I’ve only gone by what has been tracked on my bank statements and of course, these don’t include any cash bets I may have placed (and I have done). This means the figure is likely to be a lot higher. So much for being in control!
The figure was split roughly as follows:
Online betting (football & horse race) – £110
Football Pools – £56
Lottery Syndicates – £156
Other Lottery – £145 (I forgot that I sometimes buy ‘ad hoc’ lottery tickets outside of my syndicates...)
Fantasy football/football predictions – £55
The football pools was cancelled late last year and I have resolved not to add any more funds to my online betting account for the rest of this year – no, not even for the World Cup! I have been placing bets, but I’m just using the funds left in the account.
My lottery syndicates will be down to £104 and ‘other lottery’ will be down to £30 (100 Club lottery which is a fund raiser for a society I’m a member of).
So I can reduce my gambling by 60%, meaning that over a year, I should have an extra £300 to save/invest, instead of throwing it away!