Thursday, March 11, 2021

How Young Thug Lost $800K in Vegas

Rappers, athletes and young stars are no strangers to having a lot of money to burn, and it shows once they hit the headlines for the tough losses they endure. Young Thug is the latest victim of significant losses since his recent visit to Las Vegas. The rapper, whose real name is Jeffery Lamar Williams, took to Instagram to reveal that Sin City won $800,000 from him. It is not yet known which casino floors enjoyed his gambling and liquor money. Some fans have asked him to reveal the establishment's name so that they can boycott, but the star does not seem all that concerned:

Young Thug was even crowned the 21st century's most influential rapper by the BBC. While the amount the rapper lost is easily the payment for a luxury home, he does not seem to be hurting. In fact, he can recover the amount, and then some, in a single show. 

During a Million Dollaz Worth of Game podcast conversation, he revealed he earns at least a million dollars for a single show. This amount does not compare to what he was earning before the pandemic. January 2020, the star posted on his Instagram, thanking God for receiving $1.5 million for a 45-minute show, saying he had to drop his rate due to the lack of shows during the coronavirus.

Gambling Discipline 

Several finance specialists have offered their opinion on the situation, and they remind people that anyone can be affected by pathological gambling. In most cases, young stars and athletes think they have enough backup to chase their losses, but they only end up losing money. The Young Thug situation serves as a useful lesson that if you can't afford to lose, you shouldn't be gambling in the first place. 

Gambling is a dangerous indulgence if control is not exercised. Unlike alcohol and drugs, where the frequency and intensity of use can only accelerate so much before hospitalization or death, spending on gambling often has no limits. You can avoid these pitfalls by following these pointers: 

● Remember, the house always wins 

Game odds are always in the casino's favor, making it more likely to win than the players. Therefore, even if you have some lucky rounds, you are likely to encounter more losses than wins. 

● Have a set bankroll 

Determine the amount to gamble before you enter the gaming den or launch the website. The set amount of money should be within the limits of what you can lose comfortably without burning a hole in your wallet. Once this amount depletes, walk away from the games, even if you lose it all. Trying to recover the funds is only going to lead to more losses. 

● Avoid slot games 

Slot machines may be the most popular of all casino games, but they have some of the worst winning odds. Also, they do not allow strategy that can make the chances of winning better. Instead, play games like blackjack, poker and roulette that offer different stake options with varying winning and payout odds.