The question that you need to ask yourself is: why am I investing my hard earned money in a game in which 99 people out of 100 are losers? I think that you need to no longer consider this game as a possible form of income and more as a hobby. If you can't do that then you need to quit.
Bottom line is: if you've seen many people ruin their lives as a result of a gambling addiction, don't believe for an instant that you aren't immune from suffering the same fate. It's ok to bet on the horses, but you must be responsible.
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