Student ran up £20,000 debt on ‘crack’ terminals

Posted on April 17, 2014 by admin
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A former gambler told how he considered suicide after blowing £20,000 on fixed odds betting terminals in high-street bookies.

Matt Zarb-Cousin lost £2,500 in one day playing the machines – labelled the ‘crack cocaine’ of gambling – while a student at Birmingham University.

The 24-year-old went on to blow £14,000 in just 18 months – at the height of his addiction splurging his entire £3,000 student loan on the terminals.

‘I began to get more obsessed with the machines but more and more depressed after suffering huge losses,’ he said.

Read the full article in The Metro online.