Freddy Gray Freddy Gray

Investment special: Confessions of a stock picker

I always seek the best advice – then do the opposite

issue 04 May 2013

My name’s Freddy and I’m an online gambling addict. The problem started a few years ago when I opened an account on Betfair.com. At first it was small bets on football games, maybe the odd greyhound. A fiver here, a tenner there. Click, click, click. It was fun. Pretty soon, however, the hobby had developed into a minor obsession. I moved on to the harder stuff: cricket, tennis, even X Factor results. I had some wins but more losses: £20; £30; oops, there goes a hundred. Click, click, click. Then I downloaded the Betfair app onto my phone. Tap, tap, tap. I realised things had gone too far when I had almost all my savings on Andy Murray to win a quarter-final somewhere. He did, happily. But I got short odds — and it was Andy Murray, for goodness sake. I talked to my wife, vowed to stop, and I pretty much have.

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