I've always thought that it was about someone trying to move on after their wife has died, from the line "leaving me to some organ grinder's lullaby", since an organ grinder is associated with death. And since the speaker wants to "burn down this place that we called home", and you make a home with your spouse. And especially since he "bet all he had" - when you get married you think it's forever, and he didn't consider that he'd have to move on from her.
And then I read Arash's comment, about how Jon Bon Jovi wrote it for 'Moonlight and Valentino', which is all about moving on from her husband's death.
I've always thought that it was about someone trying to move on after their wife has died, from the line "leaving me to some organ grinder's lullaby", since an organ grinder is associated with death. And since the speaker wants to "burn down this place that we called home", and you make a home with your spouse. And especially since he "bet all he had" - when you get married you think it's forever, and he didn't consider that he'd have to move on from her.
And then I read Arash's comment, about how Jon Bon Jovi wrote it for 'Moonlight and Valentino', which is all about moving on from her husband's death.