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Borrowed $1600 from my friend. Apart from this placed gold as collateral and got $250. Altogether with hope of returning the borrowed amount and taking the gold back started to play dice after a long. At the beginning it went good, and when my profit reached $200 started to fail. Once I began to loss I was out of my control. Within minutes everything went out of my control, my mind didn't had the ability to think. I just doubled the bets consecutively. Ended with a loss. Now I was in a situation to repay my friend the borrowed amount. Please don't borrow and spend on gambling, it might give an earning, but that mostly leads to suffering. :'(

All you can do is learn from your mistakes. Don't beat yourself up too much.

your first mistake was borrowing money just to gamble, your second is you're not mentally prepared for the situation(which most gamblers are).
the third is you used it to gamble and want easy money and repay your debt to your friend in which went horribly wrong. I'm not even remotely sorry
for what happened to you(sorry for the harsh words) but you need to learn that the lesson.

I can feel you mate, been in that situations many times in the past. Borrow money or went to a pawnshop for my gold bracelet, feeling lucky go on a landbased casino, started to win and feel good and invincible, but suddenly the tide has turn and I don't have any control anymore because my judgement is clouded.

Learn my lessons in a hard way and very expensive to say the least. Now, I don't gamble that much, just play to have some fun and of course bring money that I can afford to lose and that's it. If I won, then good, if not I can still it over and not think about that money.

Know that gambling is not a solution for financial problems. It is riskier when we play than we though. Gambling with borrowed money or to repay debt doesn't guaranteed that you will win and be able to return it back no matter how skilled you are.  I guess you know all this things now since you experienced it. I hope it will enlighten many gamblers from this situation of yours.

You shouldn't have tried to borrow mate. I know the feeling though. The moment where you just keep rolling and rolling and doubling your bets without a care in the world. I doubt many gamblers havent felt that feeling, but I certainly have. Though it really is a bad habit to have not gonna lie. If you ever plan to borrow, at the very least, prepare something to fall back on. At least, you wouldn't be at this point where ur burried in debts and having a hard time.

Hell, I can't believe someone borrowing money to gamble. This is too stupid decision. Never gamble anything which you can't afford to lose.
I was having good profit from dice last week but yesterday I have lost a big amount as well. Dice is very risky way to generate money.

I'm really sorry to hear that bro. But you understood when you have still time. You have lost only a few hundred bucks, there are people who due to their gambling addictions, lost their entire fortune and family. It's never a good idea to take loans to gamble either way. Gambling should be treated as an entertainment, nothing more!

I’d love to laugh you in the face but I guess I’m not in the mood for that. You seem to have followed the Martingale betting strategy on dice chasing on losses after losses. Apparently that’s a flawed system and that would not work, even on provably-fair games/platforms, this wouldn’t work. You may have doubled or even tripled your money on sports betting and/or card games such as poker, and that might even help you get the win that you need.

I’m not sorry for your loss, though consider this an experience gained with a huge price to pay.

Why did you borrowed the money ? You want to play gamble and get profit from it ?
You should know gambling is the most uncertain game and in most cases it will give you loses. Now you will have to do some other work and repay this loan. It is better that you do not go for short cuts in life.

I'm not sure if you're aware of the fact that martingale only works if you have an infinite bankroll. And that only exists in theory.

So don't believe anyone who touts you martingale or a version of martingale as a viable profit making opportunity. It's not. Each bet you do is still -EV at the end of the day due to the house edge in dice, which is low in comparison to other games, but is still there.

I suggest you look for help. You have an addiction it seems like, and I've personally been through the same stuff. Talk to a counsellor, there's online ones available.

LOL Well you are part of a signature campaign, I guess you will have to work hard for it to repay a friend. Or you can gamble again and hope for the best. You'd gonna have to give a believable story to your friend to give you a grace period. Hope you won't end up losing this valuable friendship, having a friend ready to loan $1600 is hard to find.

Even the old gamblers could not control their emotions in gambling. OP did not want to accept the small loss and he tried again and again with a hope that he will get a winning streak but it did not happen for him. This is his own mistake and he will have to bear the consequences.

OP, Looks like this loss is nothing to do with a bad day.  Looks like you did a lot of mistakes here. Have you heard of this Chinese proverb?

"If you must play, decide upon three things at the start: the rules of the game, the stakes, and the quitting time."

First of all, you shouldn't have borrowed money to Gamble. You should always gamble with what you have extra and afford to lose. Next, you shouldn't have used the Martingale strategy on Dice. That's a dumb decision to do. Martingale strategy on dice may give good returns in shorter format but in the long run, will end up in hefty loss. Third, you didn't know when to quit. You should have quited when you made 200$ or when you had a small loss. Forth, you let your emotions play. Never let your emotions to play while gambling.

Lastly, don't take target's advice, find a better way to pay back your friend.

Suggesting to clear a gambling debt with more gambling! What is wrong with you?  What if he loses again?

So sorry about your situation bud. I can completely relate to what you went through because it happened to me some 10 years back when i just got to learn about gambling.
Just like trading, one learns from past mistakes and tries to better themselves. Once, you let emotions take control of you. You are bound to make mistakes which consequently lead to more loses

Don't judge me, I ain't judging you giving him a strategy on how to play. What I just told him is just an option to what he could do. But in the end I'm still concern how it would be for him and his friend to come to terms with this loan and I truly hope he can repay his friend. Believe it or not there is no way we can stop him from betting especially because he also stays in crypto where gambling is usual. It all depends to him so take a deep breath and relax.

This is the typical story of a gambling addict. I think you need serious treatment to get rid of that habit. Gambling is cool as long as you don't overdo it but borrowing money to play? Bruh that's insane. Yiu haven't only burned yourself but somebody else too now.

The most stupid way to engaged in gambling is if you are borrowing money from others just to try luck and beat the bankers/House how can you even win when from the start you are already lose,imagine that you borrow money of course with collateral.

But sometimes we need to experience big mistakes before realizing what we are doing is wrong and not you already have a basis to not letting this happen again,stop gambling if you have extra money to play for

Okay, I'm not judging you. Edited my previous post. But, I don't think that suggesting a Gambling addict to cover up the losses by gambling more is concerned advice.

You did several mistakes here.
The first and the main mistake is getting loan to gamble, this is very bad mistake. I have no idea why you did it.
Second mistake, you have reached $200 but you continue gambling because you are unable to control yourself.
It is happened already then you should take it as an expensive lesson learned and do your responsibility to pay the loan.

I am sorry to hear your story. That is your mistake because you borrowed the money from your friend and you got lost all the money. And that is our lesson not to borrow money from other people because we will get the same thing as him. It is an important lesson for all people whether they gambler or not so we can avoid the wrong thing that might happen. For OP, you need to control yourself in gambling next time, so you don't have the same experience

The best answer is “You cannot cover the losses by another losing” you made mistakes by borrowing to gamble so hope this is enough to understand that it’s not gambling that will help you out.
Just tell your friend what happens since you are claiming to be “his Friend” the for sure he will understand that and make agreement that all you payments for. windice will go directly to him as partial payments

You made the worst mistake you could.
It is not a wise choice to borrow money in order to spend them on the casino. It was very risky what you did and now you are in the bad position to repay. Hope you will manage to earn those money and get them back to your friend, otherwise you might be seen very untrustworthy...

With the most respect it sounds like you suffer from a gambling addiction
You should be careful in the future of losing even more money on the dice site
Borrowing money to gamble sch in your case is never a good idea especially whee it involves your friends
Just take it as a lesson learned and move on

DOnt feel that bad because we are human and we tend to commit mistakes.

You know whats the most important part of this thread?is in the end you are giving advice to other gambler to not commit the same mistakes as you did.

For me this is enough reason for me to understand that you really admit he mistakes and inside your heart will never make this again.that would be the helpful part of you journey as since you already experienced the feeling ,then don’t let others to feel the same way .

Just move on mate and eventually you will repay your friend and will have a better life ahead

What you are doing is crazy, well I understand, maybe you still don't understand at the time, why you shouldn't gamble from borrowed money. Now that you have experienced that bitter experience, I hope this will be an example for others not to gamble with borrowed money. Indeed, if we imagine it is very interesting but the fact is the opposite if it can not manage properly.

Luckily I myself never dared to do what you did, because I knew it would end badly. The point is always think rationally before acting, if not it will harm us in the future.

This is just the worst.

You just lost and that money is not even yours.

Now that is the worst way to lose in gambling. I am sorry for your loss but I just hope you learned your lesson. Gambling is not a world of marshmallows and rainbows, it is cruel out there. Despite the great feeling of winning, it is hard to fit yourself in the world where losing is not an option, it is automatic to be in that situation when you are gambling. I just really hope this gives the OP his lesson and will give also to the people who read this.

Another malpractice while playing dice, aggression is one of the biggest mistake inside this venue of gambling. Once you make a mistake not to control
your emotions you'll find yourself regretting with each bets that you'll see that keeps turning to red. Losing streak is part of the game so calculating and allow yourself to stop for a while will help you to regenerate your mindsets.

This already happened and there's nothing left but to accept your loses and be avoided not to let your emotions overpower your entire mindset. Rest and forgive yourself better to stay away from this activity for a moment as tendency that you will try back will only led you to lose more.

You had not really learn how to use money management to play your game by using the amount of money you can afford to lose placing an outrageous amount of bet to play a dice end result can be catastrophic which is exactly what you had experienced.
You just have to move on I had experienced such a mood of losing much money in gambling its really a bad experience that you have to overcome, I also buy the idea of not borrowing to play bet or gamble.

borrowing 16 hundred $ and added another 250 for your gold?so that time you are serious and ready to risk that amount?but why it seems that you are not ready losing those?you prepared for that moment the way you deliver this thread and you don't accept defeat thats not fair man

better talk to your friend and ask how you can settle that amount(things that i am sure will be harder from you as gambling addict)but you have no choice but to face him and look for solution

i know someone who does this . its not actually new to borrow and use the money on gambling  . some can succesfully win and they can payed back in advance but some are loosers and stuck on debts   . you borrowed 1.6k usd ? the money is a bit big but why lend such a big amount ? you sure you can afford that ? if yes then no problem at all  .  loosing control and betting higher than usual the most risky thing to do in gambling  . that happen to me alot of times before but now i change my playstyle and play safely with stable bets which is more effective

I'll always consider to borow money for investing, yeah it is just for investing who has a little risk compared to gambling. I won't be dare to borrow money for gambling purpose, it seems like I have money and I just borrow to someone else to meet my daily need because it will be useless. Gambling, is just a lucky thing, and it is not reasonable to borrow money to play gambling. Take a leason for you to this case, it would be good you need a suggestion from someone else before you start something. Yeah, I was weird when you just tell to everyone after it was happened.

You are promoting a gambling site and you frequently visiting and commenting in gambling topics, so how come you did not know that gambling what you can't afford to lose is the worst decision you can ever do, are you not absorbing what you have reading about the woes pf people without a control and you even try it.

First of all if you're going to gamble dont ever use a borrowed money, Why? Because there's no assurance you can make it grow. Gambling is risky and more on luck s hard to rely on luck unless you have the skills and strategy (for games like poker) to use to be able to win.

Controlling our emotion is a bit hard like stopping yourself from playing. Regrets are always in the end and you learned your lesson thus move on.

Borrowing money to use gambling is not really good because look like what happened to you, you already lose the money that you borrowed to your friend because you know gambling is is very risky it's okay if the money that you lose is your own money because incase you lose you will not having a problem but now think a good way on how you turn back the money that you brought to your friend.

So you played a game with a known house edge where the odds were always going to be against you, then you tried the Martingale strategy which is proven to be do nothing to improve your odds against the house, then you lost almost $2,000.

First off, I have to say that a fool and his money are easily parted. The fact that you thought betting $1,850 on Dice was a viable way to produce a profit indicates that you are indeed a fool.

Secondly, your friend was also a fool for lending you $1,600 without collateral for gambling. I don't know which of you is the bigger fool. Probably your friend, since it is unlikely you have the money to repay him considering you needed to borrow the money in the first place.

I hope you learned your lesson. Gambling should be a fun pastime, not a business unless you're in the business of losing money.

Gambling is just for fun, do not let the money needs or you borrow money to gamble, this is a wrong step in the election. do not let you get the worst decision by choosing gambling as a place to make money because it is only a dream.Stop gambling and start paying off your debts to keep you quiet

I don't know if you give an honest reason when you want to borrow money from your friend, because if yes it could be that your friend will not give it even though using collateral.

This is what I often experience when play gambling always curious when losing and choose to double the bet, which eventually resulted in greater losses even until 0.

Yes this is your worst day but don't be too late with it, immediately looking for additional income to pay off your debt, hopefully this loan does not use interest even yes, it is not a large interest because it will further make your days can be more chaotic because your debt increasing.

That's double jeopardy and hardest way to learn the lesson, the old saying in investment, only invest what you can afford to lose, it will take a quite sometime to return to the table because you just loan what you lose.
That's actually the best route to make your like in complete misery, loan money to gambling, only few people able to get up from that I hope you are one of them.

That’s a big amount as borrowed just to risk and spend in gambling you should have considered breaking it into two parts so the other one will be used for gambling and the other part for something useful

I never did something like that before even when I am still addicted in gambling though I did sold many of my personal things even my motorcycle just to have sustained my gambling addiction but I never borrowed from someone because I know I have no sure means to payback

That is why I consider that double jeopardy, if you only used your money you have yourself to worry about, but now you are going to lose a friend and you might have an enemy out of it, because no one wants to lend to a gambler because, there's no guaranty or time frame for payment, but anyway good luck.

What is the occasion today for you? I mean what pushed you to plan a gambling by borrowing big money? Honestly, I am not ready to feel sorry for your losses nor for your situation. You are a sr.member here with 1400+ posts still you have not learned the how cruel these gambling are. That is the exact point where you have slipped which costs you now totally $1850.

It seems you were allowed to gain more than $10% of your bankroll but like most other gamblers, I guess you also might have started to gamble with no preset limits. Always I recommend to plan up for targets wherever you go like it could be either gambling or trading.

This is the situation of all the gamblers who are into the gambling without the sense of responsibilities. I like to suggest you to find ways not to repeat the same types of mistakes at least in future as you might get lots of other earning methods to recover this losses. Life is too big with full of opportunities just go and find them instead of worrying about today's bad events.

That's good for you because the damage will be just for yourself, in terms of Duzter situation that's really a bad situation because not just you are in trouble of being broke but you damage your friend's money also. I hope that it's one of your close friend so that you will not be in trouble. Just gamble for entertainment, don't gamble a borrowed money.

as a borower you have the right to use the money on anything even on gambling and as a lender its not thier business anymore to ask if what will be the purpose of those loans but as long as you both agree on the terms and condition   .  loaned money should be payed on the deadline , if not he can accuse the lender or increase his interest  .  i think even if he dont pay it , he wont loose his friend because his friend will understand the reason  . if he is a real true friend

His friend can only hold his collateral. But I don't think there won't be confrontation if he can't pay on the agreed date. He can pay gradually if they can agree again for it. Money can turn friends into strangers and have a first hand experience with that, I paid all that I owe, shake hands but it was never that kind of friendship again. Its good to just meet this friend not too often because you will be missed over time, offer beer for oldtimes sake and maybe that will bring back.

What's the motivation to gamble coming from loaned money only chronic gambler do that, when they have no funds to gamble, if it's only hoping you should think for a moment what could have happened if you lose, it's very depressing to read losing gambling from the money you loan, it's not a small money I wonder if your friend knew or already know that you lose the money you loan from gambling, try to pay him asap so you will not lose your friendship and make this a big lesson in gambling.

You are too late to understand this? We never have to gamble with the money which is not affordable then how you did with the borrowed money?

Gambling never gives you earning unless your are the luckiest of all,so don't try to bypass it,in long term we will lose money so don't do that again.

It's a "double kill". Now, you need to pay your loan and end up nothing due to your greediness. But that is okay if you know how to set a limit on gambling you should always remember that you are borrowing money just to gamble and that is not your willing to lose. That is not a good idea for me and if I were you, I will never gamble the money that comes from a loan and that is not mine yet. Nothings bad in hoping to double your money in just a couple in minutes on gambling but the truth is you cant.

People ask me is it profitable to run crypto gambling site. Well, till players like OP are present, it is profitable to run any day.

No, no, no, just don't ever do that! If borrowing money for a legitimate business already have the risk of you not being able to pay up due to the venture not succeeding, just imagine something as uncertain as gambling.

Only gamble with your own money. It's safe to say that your friend will likely no longer be your friend in the near future after what happened.

You might have to plead with your friend to give you some time to come up with cash. What is the actual current value of the gold collateral? I'm assuming it's higher than the $1850 you got. OR did you pawned the gold to another person?

Sorry to hear about your losses. I know it hurts. Borrowing money almost never works out so its better not to put yourself in that position. Your intentions were good. Everyone who gambles potentially goes through this. I know have multiple times and most of the time the borrowed money doesn't work out.
Always look for the lesson from the setback. Chasing losses usually always ends in a catastrophe. Always remember you can come back and play another time with a fresh mind and FRESH money after some time. Took me years to understand this and I still have to discipline myself. And whatever happens NEVER drink and gamble. It's like driving drunk down the freeway the wrong way. You will bounce back from this and be stronger.

Gambling can be very addictive and the common mistakes of gamblers is when they try to recover the losses in times where there emotions are high, if you let your emotions take over then this will happen. This should serve as a lesson to you not to borrow money just to gamble, you should have invested it on something else and if you gamble, maintain a focus mind to avoid losing everything.

I am going to change this part slightly "Please don't spend on gambling if you are not able to afford your loses". If anyone abide this then he will not going to borrow money at least. Here i am not discouraging you from gambling but we always should think about our own economical condition before taking risks to be millionaire overnight.

What you are facing the problem now it the same to happen to me also, a few months ago I lost more than $800 and $300 borrowed from my friend. totally $1100 loss in one of the great dice website and I am still suffering from the loss. it is teaching me a good session to my life after that I never play
dice games and I recovered some amount in sports betting.

Sorry to haring about your loss, I hope you will recover the amount soon.

 

Everybody knows that, gamble with what you can afford to lose. If you forget it, then you will have to bear the consequences. Always have a limit in mind for waging and for profit. These are some simple things that will always keep you safe.
 

Why would you even borrow money to gamble? This is not good, as a gambler, you should know that such a thing will happen. When you gamble, greed and being unable to stop your self even when you are losing happens. Never take gambling as a chance to gain money quickly. I hope you learned your lesson and this might stop you from doing the same mistake over and over. I gamble sometimes but with only the amount that I know wouldn't hurt me if I lose.

Just a common mistake I have done it too but I'm not borrowing and play it on gambling it is too risky. Play only if you have extra money well, lesson learned. Take it as an experience and move on. Sometimes greediness gets the best of us if we lose sometimes we double the bets hoping to get back what we lose and it ends up losing everything. Gambling needs some luck too.

Damn, yeah, never play anymore then you afford. I've played my rent money twice and other time things got so bad i just had to quit it for a while and think about my priorities. Got back in gambling when i figured out that it should be fun for me, and not taking winnings on granted.

First you are winning and thinks you will win again but then you are going to lose it all.  Did he said which casino he loss it?

You would be playing a lot longer if you just trade on exchanges, trade some pairs since there are lots of pumps going on. You'd be more lucky on exchanges than in casinos. You probably can turn that $1600 to $2k by now.  Lesson learned here. If you even see yourself in such situation again, start reminding yourself of the previous situation where you lose the money you loan. Remind yourself of the worst day.

You shouldn't borrow money to gamble. When you have already won, put that amount on your pocket already or withdraw your capital and play with that winning. I'm sorry with your losses and you have to learn the lesson on this another experience of yours.

We've been seeing and telling people that gamble only with the right amount that you can lose. But with the loan you've taken, it's kind of big amount for me.

Nope, he did not.

I don't really recommend investing or even use the borrowed money to use in gambling. Thinking of making it double is a delusional act, that's why I would never recommend this because I've already experienced and saw the worst of it before.

If you happen to borrow some money and thinking to double it then find a profitable one, like having a job in order to pay off to your debt/loaned money.

it's a really bad experience that you tell us here, it shows pure randomness games are truely unpredictable, and people should be very careful when they play at those games. You should have bet on a 1 vs 1 match/fight instead, it's more easily predictable. On which platform did you play?

This is exactly why you shouldn't ever bet or invest more money than you can afford to lose; it's a tough lesson, and many people end up having to go through this in both gambling and trading on some occasions, but things will be alright in the future if you learn from this.

Take a break from gambling, and if you still don't feel comfortable afterwards, consider just not gambling in the future. It's an interesting source of entertainment, and not everybody has the proper self-control to responsibly gamble. It's especially hard for many people to just accept a loss and not press things further in an attempt to 'earn back' lost funds.

Sorry man, that's a big loss, I think dice is not really a good game if you are to risk a big amount like that.
Your problem is you lack discipline in gambling and I am sure any amount you have access might be in a big risk of losing.

If I have that big amount to gamble, I'd rather choose sports where I believe I have a better chance since there is no house edge.
With sports, we can cap games, analyze it before playing our bet and our money will not be gone as fast as you witnessed but like I said, discipline is a must.

Oh damn $1850 loss just in a day in gambling. Such a terrible luck and very sorry to hear that from you OP. I know it's too late to regret what you did, but what was exactly on your mind when you decided to take a loan to gamble? Do you need to pay something important so you take high risk like that?

Borrowing money to gamble is the worst idea you can think of.
But when someone is totally desperate, he may think that gambling is his last resort. It usually ends by losing everything like what happened to you.
I hope you learned the lesson.

I'm not a gambler but I think that's too much money for a dice game. That is very unfortunate and terrible experience, that could teach you a hard lesson and start rehabbing yourself or you can consult a specialist to cure your addiction before it gets worst. Gambling is good past time but it should be in moderation and as much as possible only little amount of money should be involve.

Only fools would consider out gambling to be a last resort to save up himself into debt or financial problems.
Gambling is never been an option and the worst part here is that people do even took a lone from somebody just to gamble
having to hope that they would able to win or make theirselves rich but in the end they do even go to the worst situation which
is really an awful thing to know.Lesson learned will always comes in the end until you realize on what you had done.

Not a new story about gambling anymore. There were even have lost more than you do, but I get It, $1,600 is a "lot", considering It's a borrowed money.
I understand where your coming from, and I know its never gonna be easy lossing that much money.
This post is probably made out of your frustrations, and you should learn from here.

That's a lesson that you should learn, mate. Never borrow anything for gambling because there's no guarantee that you could gain a good profit here since everything is just a matter of luck. If you would want to play dice next time, make sure that you're using your own funds. There are still ways to earn except for gambling, you could do trading instead of playing. What you have to do now is to work hard so you'll be able to pay for your debt.

RIGHT! Why would you make a loan to play a gambling game? Everyone knows that playing gambling with the money you can't lose is a very bad move.
I don't want to scold the OP but I think he's not ready for the debt he is facing right now because of the unethical move he did.

Be grateful that your friend let you borrow a money and might give you consideration but I will predict that his trust to were gone if you will tell him the reason why
you lost the money you borrowed.

I guess he already read the news about someone who can win a lot of money from dice using the secret method, so he decided to take a loan. Even if that is to pay something, it is not worth to use the money from a loan to play gambling. It is better to use the money to pay something directly, so we don't have to think or regret it because of losing it in the gambling place.

That's now the reality that OP needs to handled, the loss amount which he borrowed is an obligations to be paid and it will keep reminding him how
he suffered from this gambling activities. There's no way to recover anything aside from taking another risk which is not a good option but to try another way such trading or investing, chances is much higher if you'll pay attention with how to assess properly while working with your money.

Sportsbooks also take their margin from players which is basically the house edge in this aspect and the margin differs based on the sport and the sportsbook that you are dealing with.

However, I do agree with your opinion that it is possible to earn more from sports betting when compared to traditional gambling since research plays.a crucial role along with luck. Hopefully, op will be able to sort out his issues soon.

I'm just going to do that, loan money and gamble it if I am drunk, there's no way I'm going to do that if I am sober, you never gamble from money coming from a loan, this is a trap, you know on casino, they have a loan shark there, and these loan shark are making things misery for gambler, because it's bad luck if you are going to gamble money coming from loan, that's the easiest way to become misery in your life.

Yeah it is a very sad moment that a person lost his good friend only because of money and I just wonder that his friend was so good that he lend him such a big amount of money, I think he should not gamble with all that money (may he gamble with half) because I am now thinking that how he will manage the money to return his friend on the exact date otherwise his friend will increase interest and he will get into the trap of borrow more and more.

Correct me if i'm wrong but the worst part from you when decide to starting gambling is you borrowing money and thought can able to get profit from it but this is your biggest fault when you considering gambling to earn money because there is no exact thing in gambling that when you thought all of it according to your predictions then it can be missed anytime depend on the luck which you have

Lol $1,850 is not a small amount to still hold as friend ,remember that he borrowed the hard earned money of his friend and for sure he did not even care to tell that he will gamble the money instead he used another reason for what is the need for the loan and from that he already lie as friend and you expect that the involved person will just forget about everything and continue being friend !?lol that’s not how the world round credit is credit and must be paid then if not there’s a legal issue that must be done and if I were the friend?i will let him stay in jail just to learn why he need to stop his addiction for the goodness of everything and if he continues to do such thing?i will file formal case to let him live behind bars for longer time even if he get angry with me

If a friend asks  a loan and his reason is he will use it to gamble, I don't think I will give him a loan, people should only gamble with the spare money and just to be entertained not to use his friend's money to gamble, and besides, that's a big amount and he lost it in just one night, it's like throwing away money that quick, if you are going to loan a friend you should know what the loan is for, many friendships are broken because of loan.

^ Besides that matter, that is not advisable to have a loan for gambling. Yet, you are risking and that is not good because once you have lose you pay nothings to come to you. Probably there is a small chance that you probably win but that gives a small chances of winning. Remember that gamble;e only that you can afford to lose or if you have the extra money in your pocket. Nevertheless, gambling is only a form of entertainment not just by chasing money or you treat as a source of income.

That's why if you want to gamble, use cold money (my local language) or the more appropriate word is free money (don't borrow or don't even steal for gambling) This is really a bad factor, if we do the above. Because the risk in gambling is huge, if playing gambling with emotion it will lead you to defeat.

I agree what you said because the first part is the worst decision that he/she made borrowing money just to gamble one of the signs that you are getting addicted to gambling, second is trusting too much that you can earn a considerable profit ( yes you can profit a massive amount in gambling but its a wager it either win or lose) see what happen. The third one is spending some money that you can't afford. The last one is getting frustrated and can't control emotions. Catching your losses is a very bad move, especially if you can't think properly. :)

@Duzter I feel sorry for your loss of funds but you only have yourself to blame for this debacle, you broke the most basic rule of gambling i.e. playing with borrowed funds. While you have put yourself in an uncomfortable situation I hope you have confessed to your friend, and have asked him for more time to repay his funds. Also in the meantime stay away from gambling, and focus on working hard and paying off your debts before you resume gambling again.

The worst is your loss will have domino effect, you not only loss in gambling but also your relationship with the people around you might also be affected. If you fail to pay what you owed can create serious problems not unless if you have the means to pay for it.

If that's really the reason (believing there is secret method to win in dice) it's mean he already falling to their trap.

Not only their relationship, but about both of their family would get affected too. While his friend wanna use that money later but OP can't pay him on the time since he already lost it and still trying to get it back whatever the way. Lent $1600 to people isn't very easy to get, it seem OP' s friend has really trust OP.

I have said this before and I will say it again: without self-discipline and control, the effects of gambling would only cascade into the vicious cycle of winning/recovering your losses overtime.

I am sorry to hear for your loss but you should have stopped when you already incurred profit from your bets. You also should have set a limit/cap on which that would be your maximum betting for the night. Unfortunately, when you incurred your loss you though of recovering it but it only worsen your situation.
Let this experience remind you that gambling without planning ahead can only worsen your current situation.

Indeed it has an impact to those people around you. Losing such amount in gambling is not a joke especially you only borrow it. Sometimes we dont think about the aftermath until we already facing it. Its an example that gambling cant make your money grow and the chances to win is slim.

1800 or 18 bucks, I hope you learnt your lesson about loaning money. It's not so much don't lend people money, but don't expect it to ever be paid back is all. Worse, when it's for gambling, it's just a stupid idea and I keep seeing people online loan money and then end up fighting and creating endless drama about it when it all (as expected) doesn't get paid back.

can feel you mate because way back i did the same mistake when i gambled my 1 month allowance and lost all of it.
though this is not a borrowed money still this is not mine since its my parents money and i am responsible to provide or else i will be dropped out of university.

but what is important?the lesson we've learn that in gambling just use amount you have prepared to at least risk.and not even a single amount that reserved for important things,and also not to borrow just to sustain our vices because that is Foul and not tolerable

I hope this real-life experience and the lesson you've learned from it will reverberate all over here and even beyond. It is unfortunate that you will have to undergo this ordeal before you realize that gambling is no money making machine. Hopefully, others who have the potential to get caught in similar situations, those who are inclined to gamble out of the same mindset, will be cautioned and not proceed with the same foolish mistake.

If I may add though, I guess every gambler had at least one worst day in their life because of gambling. At least the OP just lost money and he still has a chance of repaying it. But how about those people who really losses their mind and started to kill people? I think that the worst possible scenario that could happen to any gamblers. Just learn from our mistakes and never let gambling takes over our lives.

I think that OP has failed both main rules:

Rule 1: Don't gamble what you don't afford to lose.
Rule 2: Take gambling as a fun way to spend some time, not as an hypothetical "method to earn money".

One rule in gambling. Never ever borrow money from your companion just to have some money to gamble.

I hate to say this but what you did is pure stupidity with a bit of greediness. You expect that you will win in dice so you borrowed from your friend? I assume that you are new to gambling so welcome to gambling world where the chances of winning is lower than the chances of losing :D. Now you dug your own hole and thinking how do you repay the loan but thanks anyway for reminding us. We know already that gambling is a way to lose your money :D.

We have all been there at some point,I mean the real gamblers where eyes were closed and the mind was in dark.I remember something similar doubling my sport bets after losing and betting on odds over 3 that lead me to borrow money and lose them too.It was this moment that woke me up and I never gamble with borrowed money anymore.Sometimes these moments are needed to make us think deeper and becoming a better judgment person.

Indeed, gambling is too risky for us to gamble other's people money. Unlike trading wherein the skill of a broker could be better than a typical normal traders, gambling doesn't give any advantage to anyone. Anyone in gambling has same odds to win and the risk is too high wherein luck dictates who win or lose.

Just wondering, what were you expecting exactly, especially after winning $200 from the start? If I were you, I would stop right away. I mean, it was a big mistake from the very beginning when you decided to borrow money for gambling. But none of us is immune to mistakes,  we are making them constantly, in various fields, and what is more important than trying to not make mistakes is the decisions we make afterwards. What you could do was:

1. Giving your friend the borrowed money and buying out the collateral, losing a bit of money, before starting gambling with it.

2. Withdraw your funds with $200 profit, considering it a big luck, and deciding to never do such risky things again.(It's a little bit harder than the first task, because at that point you probably thought that you know how to win.)

3. Withdraw the remaining $1,000 after losing a big part of your balance. (I know it's extremely hard to do, when you are losing money and losing your control, it's close to impossible.)

As you can see, after a mistake things go from bad to worse, unless you start to correct the mistake you made.

As is evident from your last sentence, you have decided to never borrow money for gambling again. And that's a good start, actually. You are on the right course, and I sincerely wish you good luck in the future.

Not only risky if we use borrowed money but risky everytime lol 😂

I like the point thy if OP risked in Trading maybe he don’t lose that big and the chance of gaining is indeed,but I think he is a typical gambling addict that cannot live a day without playing ,because it’s not normal behavior of a person to borrow money and just spent for gambling

Gambling with borrowed money, worst thing you can do. You are playing with scared money and start chasing a small loss with high risk.

I did that also a few years ago, gladly with just $100 so losing that wasn't that hard to repay but I discover you play completely different. Just play with the money you could lose otherwise you will be in trouble.

He is not new in gambling. He alraedy joined on windice campaign since long time and he should already knew about the risk to gamble his borrowed money. I don't think we can even smiling with his situation, where he needs to repay his friends money and also $250.

$100 is big money for some people, and if they use that money to play gambling and lose the money, I don't think that they can repay the money. But that will not happen with you because I see that you can repay the money. I think other people don't have to borrow money from other people as we don't know how we can repay it. But even though you can repay the money, it still not recommend using that way because we never know the future. I agree that in gambling, we should play with the money we can lose because we don't have a big chance to win the game in gambling.

I don't know if you are rich to loan such a huge amount but if you can repay that amount in a time frame you both agreed or much earlier, that will be ok but nobody will advise that you take a loan to pay, you should only gamble on your spare money, if you are not that really good in winning gambling don't pour too much on it if I'm your friend I will never give you loan to gamble.

Many stories like this before and maybe you miss those stories which lead you to greediness. We can't play the money that we don't have, in short its better to play small which you can afford to lose than to borrow money and expect that you can win easily. Now you have to work harder and pay your debts, I hope that you learned a lot from that experience and don't worry, you can earn more money if you start correcting yourself.

I also experience it with dice as well but not with a borrowed money, I just use my money and spend it to play, just like you, at first it was good then afterwards I didn't think and concentrate to win but just to return my lose. Then suddenly I just lost everything because I am eager to get back what I lose so I bet all that I have and thinking to make it double but I was wrong.

I will always suggest that gambling with borrowed money is something very bad, if a person do not have money for gambling and after that he borrow money and lost it in gambling then just think what will he return to the owner of the money, means that he will be in complete trouble and after that nobody will lend money to him just because nobody will trust him after that.

Honestly I am sorry if I sound rude, the OP's question sounds very dumb. Gambling for money is one very wrong thing we all do. Alot of us are aware that gambling is only meant for pleasure and not a way to make money but because we are broke and need means to generate money, we could decide to take the risk and we try as much as we can to be extremely careful.

Going as far as borrowing is the biggest mistake of all time, as though that wasn’t enough, he still went as far he can’t drop gold as collateral, what gave him that confidence in the first place? Well, sorry for the loss is all we can say, but I believe you have learnt in the hard way and I am sure such mistake would never repeat itself again.

Being out of control is the reason why most gamblers end up broke. We should discipline ourselves to skip or pause for a while if we feel like lossing for a period of time.

Good luck gambling with borrowed money, you proved that you cannot be trusted with money as you consider gambling as a way to increase your holding which is the most stupid thing in the world  ::). Just go out and do a job to earn money and with gambling you will not go anywhere in life, you can gamble for fun and not to make money, if you are lucky you might win some money :P .

I think it is even better to steal that is for those who have the ability to steal than to borrow because stolen money might come like a free money but the thief would be prepared to face the consequences when caught lol.

I am surprised that people still borrow money to gamble considering all the stories we have read on this great forum and all the lessons we have learnt so far, I am indeed shocked to my bones. I feel very sympathetic for the OP but at the same time, I know he is responsible because he is probably too greedy or too confident in his ability forgetting the meaning of gambling. The pain would pass away and the loss would be restored but I hope he learnt his lessons and I hope a lot of people would also learn from his story. Never borrow to gamble is one thing we would always say and will continue to say here.

An any desperate gambler should went though the path which he first loses his own and then someone else's money. Only when with no money and when no one wants to give a new borrow, comes the realization that the wrong way of earnings has been chosen. This road (good gambler) for those who are lucky. You just have to learn a lesson and tell to your friend how it is.

This is the reason why I am highly against gambling. No doubt the experience of having some money for free and that too while you are enjoying some game, is sweet and tempting. But there are only few times when a gambler comes across such winnings in his whole life. Loss of money causes depression and desperation. People eventually lose control over themselves. It is best to stay away from gambling.

This really is a desperate gambler's move, the urge to gamble is so strong that he cannot resist that he has to borrow money from a friend, if it is his birthday and he wants to have a good time, we can accept this, but to the point of making a loan to gamble, this is a symptom, of gambling addict, you will only loan money when you badly need it, or you have a good project ahead and gambling is not a good project.

The fact that you can't control what will happen when you are inside this activities should be noted that borrowing money is not healthy to anyone.
Gamblers needs to act accordingly and it's a must not to use money that you can't afford to lose especially money from lending. It can use more
in many more important things and not to gamble it with luck.

Knowing to set limitations and always keep in mind that risk are high when you are playing gambling so don't be a fool trying to have easy money, there's no reality of doing that only luck will permits you just in-case.

Nice point mate and that’s indeed because people realized when we are in the deepest part of life,when we have nothing but all is trouble that’s the time we can tell our self that this is enough
And we need to take a U-turn to step to find the right way back home
But sometimes we have so hard time to recover from the past mistakes
Don’t stop and just focus things will be for those who wait and dedicated in everything they do

Self discipline plays a very vital role in such scenarios else gambling becomes so much addictive that you cannot stop yourself from keep gambling irrespective of you are winning or losing and people have lost their savings or have played on money which they borrowed from others and also lost that .

The fatal mistake is borrowing money from others just to fix past defeats. I don't think it's a good idea, you should work and get your money back. So if you decide to play gambling again, that is the right step.

I think that I have once borrowed money to bet and I promised myself I would never do that again, never in my whole life, it was a very wrong decision I made and I have always tried to talk everyone I know never to borrow money to gamble for a game that is a pure game of luck.

Borrowed money has a way of reducing ones self-esteem and also puts fear in the mind of player. The first and only time I borrowed money was the time I had record of the worst losses of my life. I remember that I was scared and I had divided attention, the imagination of what happens when I lose made it happen even faster. It’s such an awkward experience.

I don't get why people are chasing after gambling so much... it's like being told by a stranger "Give me your money and I'll most likely keep them, but you have a slight chance to double them".

Even if you give your money to an algorithm and not a stranger, I wouldn't gamble even with my spare income, let alone with money I don't have.

Thanks for sharing your story though, hopefully it'll help someone realize the dangers.

I am really sad and quite very displeased with everyone's reaction here about the OP borrowing money to gamble. A lot of us do this often even though everyone is now acting as a saint which is quite unfair to make him feel this bad.

I personally believe everything that has to do with gambling is a risk, which life that we are even leaving is generally a risk on its own  and we must fully understand this even before embarking on the gambling journey. To borrow money is just like taking more risk in order to succeed which could sometimes backfire like it did for the OP and it is only unfortunate for him.

Because gambling gives a big dream to people, they can win big money from the various game. That is why more people who will come to gambling games and use their money to make more money. Whenever they want to gamble, they can play with their money and still try to win the games. We don't have to try to be like them if we want to save our money. Stay away from gambling will be needed, too, because that is the way to prevent the loss of the money. We can share this story with other people so they can think about their goodness.

The mistake is borrowing is too high so you basically have been greedy at the beginning even before gambling starts, so I don't think it's surprising you lost everything. Remember, we intend to gamble and try to play with money that can be spent, even though it is money from loans, so when you borrow money only deservedly in the sense of not being greedy to spend in gambling, then at least you can play with discipline. I also experienced something like this but I was not greedy in taking out loans and in the end I was even able to repay loans faster than promised.

This is a lesson learned from all of us, borrowing money from others is not good just to gamble. Playing gambling is base on luck and being greedy to it is really a worse case. Just stop gambling if you cannot manage or cannot control your emotions. We must learn from our own mistakes so the next time when encounter this kind of situation we know how to deal with it.

Borrowing money just to reply on luck in gambling is bad but if you have the skills and you have proven you can be profitable then I think its alright to borrow money as you are likely doing it like you are a businessman which purpose is to be profitable.

The case of OP is that he gambled in dice which we know its purely based on luck, which is really a bad idea for any gambler to think.

Normally I don't criticize people for gambling but with this one I just have to say - that was a very, very STUPID thing to do! Fix this mess, remember the lesson and don't make the mistake again.

I don't know the details of you collateral but if you really can't come up with cash to pay of your debt, then might as well let that gold go to maintain your support system. You wouldn't want to alienate friends and families by asking them for money you'll never pay back.

Know the consequences either. Borrowing money isn't bad actually, but your intention of such a deal makes it bad and puts you at debt ends.
If we are thinking to be in gambling, better to use money that is only available at our pocket not just to lend some for the sake that we have money to gamble with and think of doubling it. It was not a good idea, and I believe this could help to enlighten people's minds who have a plan in gambling.

No one says borrowing money is bad but intentionally borrowed to use and spent in gambling’s is stupidity ,imagine that instead of looking for profitable way so you can repay the borrowed money?you choose to gamble?thats insane
That must be what OP understand and be contented in small amount than taking others money to lose

That’s even the most painful part of the story I can only imagine. I love my reputation a whole lot and I hate to destroy my relationship with people and this is exactly what borrowing does especially when one is unable to meet up. it takes a whole lot to build a relationship and having it destroyed all for gambling is not worth it at all.

I still don't understand reasons why people borrow money for gambling. Are they just greedy or do they think it is the right thing to do?

I have learnt from the experience of others that borrowing money to gambling is the greatest mistake anyone would avoid and it is heartbreaking to see fellow players still/make this very terrible mistake. Maybe those who borrow money to gamble do not really care about the relationship they have built with the lender or their reputation means less to them because anyone in their right senses would not borrow to play games.

I think that there is need for me to really educate you mate, people will always run after gambling because the game is absolutely entertaining and as well it relieves slot of us of stress. Now, there is a huge difference between normal gamblers and desperate gamblers. Desperate gamblers are those presenting gambling in a bad light and it's really bad. 

Anyone who goes out of his way to borrow money just to gamble Is nothing but a desperate person because every player understands the risk behind gambling even when it is being played for money or for pleasure, so it will be stupid of anyone to borrow money to gamble.

Its always been a dumb thing for you to done such thing where you do took loan just to gamble? You are making things so messy

when you do entirely blow up those capital or borrowed money of yours.I cant think of a reason why people do such thing on spending
a money which isn't theirs or completely being borrowed without thinking twice or having second thoughts that they do need to repay
something on due date but its just okay if you are capable of doing it but if you do think to repay them with your gambling winnings
then you are actually a total fool to consider that option which isn't really that ideal.

Well, think first the outcome and the consequence while you are in gambling that the money you had been used is come from someone else you lend. Quite risky because you don't know it will end up nothing or might your money will doubled after you had been gambled. That is not good and I will not do it in my self. Why not you just gamble that you can afford in your pocket not just borrowing for gambling. Indeed, this kind of person is desperate to have an easy way of money.

Feel sorry for you, but first thing first why would you borrow money just to play gambling games. Mate, that was a biggest mistake of yours 'cause you are already in debt without even playing the game itself besides, you are playing in the end with a hope returning your debt instead in a hope of getting profit. Before you play gambling you first make sure that you have your own money to play, and set a certain quota that when you reached it you'll stop playing in order to avoid losing control.

Because of 2 reasons:

• Out of greediness.
• Hoping that their money will double or triple in a quick and easy way.

Both are somewhat correlated but that is the 2 reasons that I know why people really wants to gamble. I don't gamble all the time because of lack of funds and it is somewhat a blessing in disguise for me :D because I can't gamble.

If you don't experience it, then you surely will not understand, for me as a gambler, I have already experience it a lot of times, it's called an adrenaline rush where you don't want to stop and you just keep on gambling until you win or until you loss all your bankroll.

I don’t think that I have never and will never borrow to gamble because I know that is highly dangerous for a game where everything that happens is full of uncertainties and mostly based on pure luck on the end of the gamer. I will advise you as a dear brother that you should really try as much as possible to desist from the act because it is too risky.   

I will bet you cannot compare the risk if gambling on a neutral ground to adding additional risk of using borrowed money for playing gambling. It is better to use the little cash you have and loose honorably than to borrow someone's money that would still end up being lost.

i think too that he is addicted in gambling because if he did not control hia self to play a gambling even  he knows playing of it is very risky. We don't care if he is addict but better next tims for him to know how to control his self and not borrow again to his friend for playing only because he have a problem now on how he pay his friend hope he pay a soon as possible.

Everyone experienced the same thing, in the challenge of gambling at the beginning of the match the peak of victory and subsequent defeat repeatedly, this has been experienced by everyone.

If this happens to you, I can't say to continue the game or stop.

For now you should be able to find the capital you borrowed and then return it to your friends.
Or you continue to play other gambling games and learn from mistakes.

I still remember this being discussed in one thread in the gambling section about things gambling players shouldn't do..  starting from don't get drunk when gambling, don't bring family problems, work, or love when gambling and last don't borrow money to gamble..  borrowing other people's money to gamble sounds very easy if you win but in reality, it will lead you to other bigger problems if you lose.

But OP was talking about his experiences and the reason why he will changing,as he needs to find job just to payback his credit
This way Op did not drink because all he aim is to win big to cover the borrowed money, but suddenly instead of winning losing is what he got so sorry for the losses

The most common purpose of being so obsessed with gambling is the fact that someone relative or friend has won in gambling recently. The sad thing is that people borrow money from their friends in order to make more profits and they end up losing everything, same way as the OP.

Why is your worst day in your life?
If you did the thing you love (played dice)
Does money serve to ruin someone's day?
Of course not, money is made for a variety of reasons, not to ruin your day.
So head up and enjoy life, and most importantly be grateful!

Borrowing money from someone in order to gamble shows how addicted to gambling you are. That is the worst decision you have taken. You are borrowing the money in the first place because you don't have any money. Then why in the world didn't you think what would happen if you lost all the money while gambling?
Hard luck. I would suggest you to get a job and slowly repay him. He is your friend. He will understand your situation.

That's so sad. You should not try anymore to cope up with your loss. As greed will swallow you and if you got swallowed by that, that might end your career in gambling. Try to be happy in every way and don't punish yourself too much. And if you can manage to pay your friend then you should pay him asap. But, if you can't, you can always tell him and explain what happened and I hope that he can understand you since he's your friend.

Well the world is like a jungle where have the law of the strongest or the law of the most intelligent. For example, I started placing sports bets before yesterday and made 3 bets and and I won the 3 bets (it was a good start)

yesterday I made 8 bets and had 5 losses and 3 wins

Today I made 3 bets and had 3 losses.

If people don't use the casinos, then how will the casinos pay the signature campaign participants? How will casinos survive if they don't have customers? there are people who make profits from gambling and there are people who only make losses from gambling

but sometimes we must punish ourselves just to realize how things gone wrong,admit it that we humans are hardheaded and cannot learn mistakes for simple committing but instead we need big issues before finding right decisions.i have been in same situation though not in gambling but something related to this wayback and that scene awaken me from my wrong doings.

to OP just focus now on repaying the debt and use this mistakes to be a better man not for others but for yourself

Knowing that gambling sites or places are businesses so its just normal to think of that theres only 2 outcomes for this matter.

Winners and Lossers and the ones would survive are those to those lucky ones.Losing is inevitable that's why we should not force out
ourselves to win up if we do like because it isn't that possible.

This is why gambling businesses are way too profitable because people are way too greedy enough even doing the most foolish things
I do saw like borrowing or taking a loan just to play? Ridiculous.

Gambling is real evil. It is so addictive and deceiving that the gambler keeps on losing but still comes back to lose more. It probably kills his all senses and makes him desperate. Moreover, it is not shocking to know that losing money makes people crazy and that too continuously. Things really become worst when gamblers borrow money and lose that too. It is best to never play this game.

Let me clear this my friend. It is not a very good or happy experience to lose money especially when you do not have big amounts in your bank accounts. Even if playing dice provides pleasure, still no gambler wants to become a poor person. Majority desires to win. This is the fact that we need money in order to survive in this world and nothing can take its place. Money matters a lot.

Indeed, you are lucky if you got no interest on your borrowed money or else you can see your debt growing because you will be unable to pay it until the interest is much larger than the debt itself.  I have seen several people who borrowed money to gamble and have their life miserable because of that one error.  Another one had his house confiscated by bank due to unpaid loan and had his house as collateral. 


I think not, it is due to a persons lack of self control.  Gambling is there and never forces you to indulge on it.  It is our own personal decision that we gamble and whatever the consequence is, it is our own fault not the gambling itself.

Basically in investment we also borrow money, it just depends on how certain we are in our plan that will determine our winning and loses. In this case, the OP state that he didn't know what he's doing, in that regards, the problem isn't about borrowing. Because for me, me in gabmling, sometimes I borrow amount if I need it. When the times that I know exactly what to execute and I know there's a huge possibility to win.

Yes, stories about losses on gambling is all over this forum and unfortunately no one is ready to learn those lessons for free of cost but they want to spend their own hard earned money and time to repeat the same mistake. The perfect solution must be avoiding gambling completely or at least all the luck based games. Yes, sportsbetting or poker are good for showing our skills.

When gambling never produce positive results for us, it must be suicidal to go for gambling with loans. When you borrow money then you must be ready for facing double the problems.

All gambling games basically have their own risks.
It's just that we regret here is when I want to return the loss and the way is to borrow money. Though this is not a good idea to play gambling, because there is no guarantee we always get a victory.

Those are not the only reasons why people gamble.
Personally, I spend a lot of time on gambling websites and online casinos just because it is entertaining and I have fun being there. I don't spend too much money though.
I spend few bucks daily, therefore, it doesn't matter if I win or lose. I just enjoy it.

that would be the most stupid thing he could do, hope he doen't listen to you  ;D

Because he need to pay the money he borrowed from his friend and the problem here I think is that, he can’t pay the money easily. Well, the greed in gambling is not good and remember that you can enjoy without borrowing big money. Don’t try to borrow money and do gambling, it will become a big problem for sure.

You had a point but in gambling we put our money in the risk so better to gamble with selfcontrol  set miney ready to lose un gambling. In gambling luck is very important but losing is part playing in gambling to avoid worst scenario just play gambling for just having fun and enjoy it.

When it is stated, 'don't borrow to invest in Bitcoin,' this also applies to not borrowing to gamble.
Moreover, I think the latter is the worst of it kind cause gambling is super unpredictable.
Anyway, it's a good thing you learnt from this.
Just find a way to pay up your friend. He might be so angry to know you spent that much all on gambling. Also ignore all those claiming they made millions or thousands from gambling, I guess this is what triggered you to take that action. You don't gamble to double money.

If all gamblers can realize that borrowed money will make another trouble, they will avoid that and will only use some money to bet in gambling. But unfortunately, gamblers are greedy and want to chase the win money and make them forget that playing gambling has a limit for using the money.

Even though some gambler doesn't want to borrow money, but if he sees one person offers to lend his money, he will not think twice, and he will take that money to continue playing gambling. That is a trap for him because he doesn't have a big chance to recover his losses before or get a win.

It is worse than the worst decision that a person can make in his life :D.

I know that it this will hurt a bit but the OP is stupid. Greed has eaten him forcing him to borrow money to his friend just to have some funds for gambling. This is the first time I saw this situation and I hope that no one will do it again.

If I'm the borrower of the money, I don't like to wait for a long time to repay the borrowed money. To the OP, find another sources of income aside from your current job to pay the loan ASAP.

Anyone who borrows money to gamble is definitely on a suicide attempt because the person is definitely aware of the risk involved.

I have once borrowed money to gamble and I had two thoughts in mind when I did that.  First off, I prayed to win so that I can pay off my debts and also start to have a better life because at that point I already felt like giving up. 

Secondly, I decided it would be an end to my existence if I lost that money because I couldn't stand having issues with a close friend that borrowed me that money and it will be a great stain to my personality. I think God was only merciful on me and I won, paid off the debts and gradually having a better life I ever wanted.

You happened to be very lucky during that particular game, and I'm happy for you, but, as you said it yourself, borrowing money for gambling is something similar to a suicide attempt. People shouldn't do that even if they were diagnosed with cancer because it's not only their own life at stake, but also of those who are close to them.

From your story it looks like the outcome of such behavior can be a good one, and some might think "Why not take a risk?" But the truth is that in most cases when you win, it doesn't end there. Knowing that they can win, people usually try to do the same again, and lose even more than they could during the first time. I really hope that this won't happen to you. Stay strong.

It’s appalling that so many people don't believe in gambling as a form of entertainment. The OP who mentioned 2 reason people gamble without adding entertainment definitely didn't carry out his research.

I have been gambling for years and I do it purely for entertainment. Those who play for fun will never have a reason to borrow but the greedy gamblers would go to any extent which is really very bad. I can't recall having any bad experience gambling because my intentions have been defined rightly. How can a player borrow money to play and expect to make profit when he is psychologically he would be disturbed knowing the risk involved. I am glad that stories like this are coming out because new gamblers would learn from it.

Well most gamblers expect that they can win big money in gambling that is why they dared to borrow money from a friend or someone but unfortunately, most of them failed and lost instead. Borrowing money just to gamble should be the last thing a person should do or he will be like OP or maybe worst.

First mistake in the gambling is that borrowing the money and then gambling is the strict no no. Maximum chances is that the result will be the loss of money and you would not be able to repay this debt which will need more debt to repay the already existing loan taken.

Gambling is not a fun mate but it’s earning resources so if you want to make money from dice we all know it has a lot of websites to learn it and become an expert. Lose and win is part of every game to avoid the lose a gambler just stay relax and don’t take overstress to win I hope it’s profitable to play skillfully and don’t spend your whole amount at single bet.

I agree. It's better to borrow money and give it to a charity to help for something good. Atleast we will have a mental satisfaction and after that work hard to earn the money to return back. But borrowing for gambling is literally the worst habit to form. Because gambling never stops chasing, and borrowing money is the deadliest trap.

I think to borrow money to be given to a charity will not be a great idea because we need to pay the money back. And if we don't have any job which we can get paid, how we can repay the money? Borrowing money is not a solution even for gambling because sometimes we can get in the hard situations which we cannot repay that money. I have that bad experience before, and after that, and I talk to myself that I will not borrow other people's money because I know it is hard to repay the money.

We need to know what is our limit and don't break those limits if we are not sure or we cannot do that. But if we believe that we can handle that with good, then sometimes borrow money will be necessary to help us to resist.

LOl why need to borrow just to donate when you can just find funds to do so?do you know what does it mean?you will be in debit because you wanted to help?helping is good but better do it without any hassle .just work and accumulate the said fund and give them heartedly and not from borrowing ,i support your intention mate but not in that way,because there are some good ways aside from this

That’s very helpful mate and the best way of spending borrowed money and not just for gambling,actually I have tried this once when someone(neighbors)approached me that he badly needed some amount because of some financial problem and need to feed his family but that time I am really broken so what I did is made some cash advance in office to lend that man,but I never look for payment as I considered that as a help and small support until he find another job

Huge loss from op this so unfortunate experienced, Can I ask OP what is the reason for borrowing money? or you just borrowed to gamble and hoping to multiply your money in the fastest way as possible? This strategy is not advisable making money takes time and patience to earn not in gambling its too risky like what happened to op, I also tried this before but only small amount, remember you are gambling and you don't know what will happens next. 

Probably OP was taking a risk and disparate to make easy money and just hoping that easy to multiply the borrowed money. Just quite a risk but if you win probably you can pay your debt at the same time you have instant money. But the big question is how much the chances you will successfully defeat the house edge of the dice gambling since I think it is only 5% chances of winning we had. So, the chances of winning are very slim.

But for me, it depends on which kind of gambling I prefer to use not 95% based on luck game. Poker and sports betting are considered based on skill and strategy games. But don't use to gamble a borrowed money. It may cause of a miserable life.

It is not unfortunate, he did that on purpose and he is a person that cannot be trusted with money and we see many people like in every phase of life and the only dream of these people is to make money in a short period of time and gambling is not to make money and if they have an idea like that then you will end up loosing everything and that is not a surprising aspect.

What that I read, he borrowed the money from his friend. He said that (  Apart from this placed gold as collateral and got $250. Altogether with hope of returning the borrowed amount and taking the gold back started to play dice after a long.) But, he tried gambling to make a fast and huge income, which is a good and precarious move, especially that you loan that money. In gambling, you can't assure that you will win all the time.  :)

He gamble for the hope he can double the money through gambling. We know how risky it is and should not be the reason if you're going to gamble, but we will only realize this mistake in the end after losing the money.

Well its really easy to double your money IF you're lucky otherwise it can drain your assets.

We believe that's a big mistake but that is the first thing that comes out from his mind and he did this cause nobody could give him a word before he'll go the worst decision.  I think if someone could give him advice, it seems it won't happen cause what is in his mind is to generate profit easily and payback to his friend as whar he promise. I believe there is no wrong with that, the only thing gets worst is he might not able to win in gambling and lose them all.  

When you are playing dice, you prefer to do it alone and since it's easy to place dice as we can gamble both with our pc and our phone, we are more vulnerable of making big mistakes if we don't have the discipline to control ourselves.

Any form of gambling should be avoided if even if we keep gambling and we still keep doing the same mistake..

of course there are other ways to enjoy, and gambling should not be the only choice, if you want to make money and you like to take risk, maybe learn to trade or start a real business.

If we care about turning back the money we borrowed plus the interest, gambling is not the last option to take for sure. Not even an expert will do the same and risk his money for the sake that he/she might able to pay debts for a very short period of time. Cause in the first place, we're not sure about winning in gambling and not even having the assurance to make wins all the time.

This is really a very risky decision. You should have not borrowed money just for gambling because there is no guarantee that you will win and make bigger money. Gambling may give you good earnings in the start but if you chose to continue betting, you will surely end in losses. And the worst is you cannot pay your debt which will definitely make your friend mad on you. Hope you learn your lesson now.

What's risky decision from his post actually? He is only saying if gambling  isn't the only way how to get OP's money back and there should be another safer way to earn it.

If he can't be trusted with money, would his friend lent him money? obviously not, isn't it?
His friend trusted him and he lent him quite huge money (but idk if he know his friend gonna use it for gambling or other reason)

Yep, gambling is not the last option for us to make money. But some people will think that only gambling that can save him because he is sure that he can make that money. But playing in any gambling game won't give a chance to make money, and we can only enjoy the game without thinking of making money.

Dice game will be an interactive gambling game because the game is easy to play, and we don't have to learn so many methods or strategies to win. Even for new people who are not familiar with the game will feel that dice can give excitement. And that is why many people who lose in dice game because they forget how much money they already spent.

It happens to most of us. Even with a strict gambling plan and rules laid out right in front of me before I started, it's difficult not to feel anything when you lose. I believe it is simply part of human nature to want to sort of "fight back" and try and retrieve what was taken from you.

My bad experiences with gambling have led me to believe that gambling is for entertainment. Don't gamble if you need money lol. Also, look on the brighter side its just $1600+gold, people have lost far more than that in gambling.

A lot of people already did same thing like what you did. They are really confident to use other people's money either it is to do trading, or maybe gambling. In this business, make sure you use your own money. Although you are professional in trading, don't every try to make investment or borrow people's money to increase your capital. Nobody know when they lose all money in trading . At least if we use our own money, if lose we don't neet to pay anyone.

Borrowing money just for gambling is really a bit mistake but it will be only a mistake if he borrowed money and lose all of it.

Lets see the other side, what if he borrowed money and then doubled it? Will it be a mistake also? Yes borrowing money to gamble is a mistake but if you are lucky at that time and you doubled it then there is no way that it will be called "a mistake".

Anyway, the OP lost the money he lost so it really is a mistake. Lesson learned - don't borrow money just for gambling. Make a way for you to have some funds for gambling and not borrow.

The outcome should basically be a non-issue. You should never borrow money for something like gambling. There's always the  chance that you'll double or even win an amount multiple times, but the likelihood of losing that borrowed amount is more probable. It's just north worth it and to consider that it's someone else's hard work that you're gambling with should make a decent person feel guilty. This applies not just to dice but basically all gambling types.

Borrowing money just to play gambling is a bad way for you just to gamble because if you lose all of your borrowed money, it will be a big loss for you. We can't always say that we are lucky enough to always win in gambling, that is why borrowing money is not a choice, and if you don't have any money to gamble just to stay away and watch the game for you to control yourself not to gamble.

it's really bad to play gambling by borrowing money from other people. I was lucky, when I was addicted to gambling, I didn't even borrow from someone else.
3 years I gambled, I always use free money like getting from a giveaway, because a few years ago there were so many new gambling sites always gave free bets, in fact, I once got 2 BTC from that free bet, and of course, don't forget people always say betting on what they can afford to lose.

Playing in any gambling site will give us a chance to make a huge amount of money, the problem is the guarantee that we will make that huge amount of money.  Gambling is a game of chance, with a small capital we can win a lot from that site, that is if we hit the jackpot but the only problem is the probability to hit that jackpot. 

I agree, gambling is not the last option to make money, there are lots of money making task, but the problem is people are so lazy to work and wanted to earn money in an instant  and they think gambling will give it to them which is proven to be wrong.

If someone borrowed money for gambling, and then doubled or tripled it, they can celebrate, of course, but it is very important that that person know that borrowing money for gambling is still a big mistake, regardless of the outcome, or, otherwise, they might be stepping on a very dangerous path, thinking that if they borrow more they can win more. If it's already in the past, okay, we can't change the past, but in the future it must be an absolute rule that you never borrow money for gambling.

thats a very once in a million chance that a borrowed money will bring us fortune because the very start it was already a mistake and how come luck will turn your side?
but even if there's a big chance of winning?no i will never risk my name and credibility just to borrow to gamble,i would rather choose to sell some of my stuffs if really needed but will never disturb other people just because i wanna give satisfaction for my habits

At the end of the day, It all boils down to the fact that using money you can't afford to lose(whether it's your money, borrowed or a relative/friend's money). It's not advisable to gamble with it. I know how eye catching these casinos and betting platforms can be. But before gambling, I always think of the possibility of it going the other way round and I think about the consequences when that happens.

In life, good measurements of risk and reward is always helpful. I'm not in anyway saying that taking risks in life is bad.  As people always say, too much of anything is bad. Same goes for taking risk.

readiness of losing is bad vibes if we are going to gamble instead it is much bettern to still look positive though the chance is very little

many gamblers who has been playing that accepted already being defeat and the ending?yes they are loser
that's it,but yet as what they say'No Risk,no Profit' since gambling is too risky but giving huge winning if luck

Taking risk isn't really that bad but people are overexerting theirselves to believe into things that it should work or the things that they do anticipate.
Using up a loan money just to gamble is really a very bad idea for you to take.As said we wouldn't know the outcome if we do win then its good since you can
directly repay those loans but if not then you would really had a big problem since you already put yourself into a deep debt situation.If you don't like to experience
these hardships then don't consider on taking this step.

Because this is gambling and risking is really part of it,if you are not ready to risk then never gambling at all,the only problem with Op is he borrowed money to gamble things that Foul for me.

Why not sell his car or bike?instead of borrowing and losing money he don’t own ,very bad move

I have heard lots of gamblers went for borrowing money and then gambled to multiply it even for 10x to but never heard about cashed out their profits and left the casino to repay their loan. I mean to say I never heard about the celebration after gambling. It is like most gamblers want to celebrate their success again with gambling and this is the reason they never want to leave gambling. So, they keep on gambling to keep on celebrating until they finish off themselves ;).

This is not the first time people are sharing about their frustrating losses in gambling out of borrowed money. But, this kind of sad stories keep coming always and from that we need to realize people never learn any lesson out of this forum but they keep continuing what they want to do by losing their time and money.

Its not that bad if you have other source of income in case you lose your borrowed money. Sometimes I do that when my payday is still far and want to play gambling. I knew that because when a person is addicted to gambling then he might borrow money out of desperation to claim back there loses. Its not that easy to control gambling and it really needs to be treat by a psychiatrist.

It was really never a good idea in the first place to gamble borrowed money. I know there's still a what if. What if you won double or even triple the money you borrowed. But let's not forget that luck is not always on us so always remember to condition and control our minds before gambling. Always set a limit to yourself when playing to avoid awful situations to happen.
Don't get blinded by your greed and money cause it'll just make you out of control.

IMHO,borrowing money itself a bad thing based on myself because we are moving apart from something which we couldn't afford but gambling with that money makes how badly you did the mistake. ::)

Like others said this could be a lesson for life and will make you better incase if you borrow money from someone with managing it carefully.

Such thinking is also very good about borrowing money, and I am also aware of it but, when we really need fast money for an important need in life then indeed, there is no harm in borrowing money. But when we borrow lots of money just to gamble, then I don't think it really has to be done because you only prioritize greed in gambling, because borrowing a lot of money just to gamble is something wrong and is not worthy of a loan.

Consequences of spending the lend amount for something which is not going to be assured profitable is very stupid and it can be felt only when we goes bankrupt and we may have no choice other than ending our life literally. :)

So when we are borrowing money we should have prepared for paying it back this is what I always keep telling myself.

Yeah, that's the difference between borrowing for wants and needs, when we borrow only for desires, regret is the end. It is different when someone borrows money for a need such as building a business, even though the results do not guarantee profit, but at least it is a little more helpful and wise than it must be used for gambling.

And it is true that when we borrow money, we must be prepared to repay it, therefore only people who are brave and have rational thinking are able to make this decision.

It happens. I didn't do anything like this but I know how it feels to be at a loss. The worst thing you can do is try to borrow money again to get your first loss back through gambling. The best thing you can do is work honestly and pay back what you owe to your friend. You can't take back time but you can keep the relations with your friend and be a good person.

You have learned a lesson and these are usually not free so don't beat yourself over it.

In the end?still borrowing money is next to stupidity if used for gambling righ?

How many of us here experienced this already?dos the scene complement us?or just bring failure and bitterness?
Will never do the same thing even given a chance.

And I have a respect for myself and couldn’t declare to be a diff by all means ,so will not borrow to gamble

Yes,unless we know what number is going to win on the lottery we are going to bet. ;D

Which is also definitely not possible though so yes its just the stupid thing if someone borrow money and gamble with it to make profits and repay the borrowed money.

I agree, and I have been in similar situations when I borrowed money from friend and lost. The worst anyone can do at this point is lying. Look, gambling isn't a crime and gambling isn't "cheating" on your friend. If I tell to my friend that I gambled using his money and lost, it will make him angry. But it will not end our friendship. He can call me stupid, idiot and say "shouldn't have done that". But it will save the friendship, but if I lie, he will think I'm making excuses to not return the money and then it can affect on the friendship.

In that case that's like adding fuel in a fire.
Betting in a lottery hoping to pay off your debt when you win is like shooting the sun with a watergun. 
It's not gonna pay the debt it will only worsen the current situation.
There was a local news about a gambler who committed suicide because of the huge debt after lossing too much money from gambling and repaying it will take him a lifetime of working. That's an example of high level of stupidity.

Killing two birds with one stones, actually its three in this case, making money, paying debts and above all, the happiness of winning; is very rare. I have never ever expected luck to be too sweet and helping because most of the times rather all the times it is not. Debts is the biggest reason behind gamblers committing suicide or performing actions like betting their wives and stuff. Gambling is a game, not a source of income.

There's no doubt that such stories will continue to happen with gamblers outside of this forum,  but I really hope that our discussions here and in similar threads help those who read them to stay away from such dangerous steps as borrowing money for gambling. So, I disagree with the notion that people never learn. I think they do learn from what they read, and bad things happen to people who never read something from where they can learn something.

LOL if that was possible then there would not exist any speculative money making markets in the world. Casinos, exchanges everything would have become non-existant, hence it is false.

Addicted gamblers tend to fuel their greed by money eventually ending up with a broke balance and then resort to unfair means of getting money which include lying, stealing and sometimes borrowing from their close ones.

They forget that the golden rule is to gambler responsibly. They are responsible for their own actions and so they must know when to stop. Every gambler has a bad day, does not mean it is the worst.

It is so beneficial for people who read this and learn from other experiences and do not burn their own money for free . Those who are smart will understand this and stay away else we will have some other who will share their experience of losing the money .

Not much people who want to read forum, or maybe see other people's experience before they do gambling. Maybe open the forum only to see the review about site that he want to play really have reputation or not. That is why a lot of people keep come with their sad stories either they lose, greedy or maybe use money from loan to play gambling.

I think this situation is going to change in the future. Gamblers, even those who have nothing to do with crypto, can read many cautionary tales here and can get many good advices on gambling in general. Maybe a big part of this forum is signature spamming garbage, but some posts do contain valuable information, which can hardly be found anywhere else.

Everyone has one worst day to go through in their lives, especially when it comes to financial problem that caused by your gambling behavior... a wrong way to solve your problem instead things cleared out , you get stuck on a bigger problem.

Never easy to gamble responsibly, you should go for professional help service once you feel you are going to lose everything.

And this short story tells you that a game like dice is a dangerous one who often makes people frustrated in loss within a couple minutes even seconds! This game is addicted as hell , people should avoid that game especially a temperament one! Moreover borrowing money is the root of gambling mistake, a fatal mistake that everyone can't fix for sure.

Gambling hates the idea of you borrowing money just to gamble with it. In your mind, you were going to use the borrowed money to make extra cash and later pay back the money. Also when gambling, you should always stop when you lose three times on a roll. It is a sign that you might end up losing all your funds.

I do not have a problem with people gambling responsibly but this is why we are told to never bet with borrowed money or money that you cannot afford to lose, because as soon as luck turns against you your mindset will change and you will be unable to control yourself, I have seen this happening in front of my eyes too many times to count and I have seen people lose their whole salaries in minutes, it is a hard lesson for you but if you learn from it and you become wiser because of it then at least you will get something out of that terrible day.

I will never support such activity doing investment with the borrowed amount. Everyone in this world is having some commitment and need to earn for their family or someone.
In that case we will not allow others to make money with the our hard earned and borrowed money. Try to avoid borrowing as much possible to have calm life.

You are totally wrong. Borrowing money for investment/bussiness is a good way to make your bussiness get bigger quickly, as long as you already know the risk and how you will pay the loan + interest later, you shouldn't worry about your borrowing money.
The problem is when you borrowing money for gambling purpose, which is likely you can't know the result since almost all of them are lucky based games.

I'd really like to hear from the OP again.

@Duzter, what happened next? Have you buy back your gold already? What did your friend say to you hearing that lost all the money he loaned you? And the most important question - in my opinion - Were the replies  in this thread helpful in any way?

I think it's the other way around, he is the one who loaned the amount that is why we have that title not his friend and he is now advising people not to loan people just to gamble it, because it will really lead to suffering, like what he is experiencing right now.

This guy is not a selfish person because he cares for the welfare for other people, not just his friend but also for others who still have the potential of getting drowned same as his failures in gambling. Getting loans for the sake of gambling investment is a very big mistake, then everyone should pay attention to what this man being broken with his unforgettable past which led him to become frustrated.

Part of the rules of gambling, do not borrow money to stake. You made so many mistakes here including gambling irresponsibly(i am not trying to insult you). You should try to use gambling disciplines once you realise that you start losing. You shouldn't be blackout because you lose, relax and observe for sometime. I know it was a though decision for you which can never be undone and I'm sure you have leaned your lesson the hard way.
My little advise is that don't try to gamble in order to pay your friend back because it may not end well.

Really? Have you bothered to read the whole post by any chance? Because it's obvious from the fist two sentences


that it was the OP who borrowed money and lost all of it, plus $250 from the mortgaged gold.

Please, guys, before posting in a thread, read the OP first.

---

Unfortunately, no updates from the OP in this thread, although they were making 11 posts on this very forum just two days ago.

What surprises me the most is the amount of money his friend borrowed to him, 1600 dollars is a lot of money, in many countries that is several months of work and even in developed countries that is still one or two weeks worth of work, I love my friends but they know that my limit when it comes to loans I will give them with no question asked is only 50 dollars, anything more than that and I apply the same rule that is applied in the forum of no collateral no loan.

Borrowing money to gamble is the biggest and most dangerous mistake according to me because you would always be under pressure to gave back money and till that time you would have a lot of stress and would do anything to get money which could even involve wrong doings.

another victim of the martingale self destruction strategy. Casino gambling always end up in a loss no matter what strategy you use. I feel sorry for you but you shouldn't have borrowed money to gamble in the first place. Thats by far one of the most stupid things you can do

A big lesson to understand that gambling being a luck based activities needs to have spare money that can be afford to forget, not single
cent to spend using a lended funds. It's difficult to handle once you became aggressive you'll forget to think properly, this is the moment
where casino loves from the gamblers as advantage will be in their side. Best to move forward and cope up slowly but surely try to forget
about dealing with gambling again.

I think OP isn't too stupid to use martingale strategy during his gambling time. For only less than $2000, it's hard to win if you use martingale strategy.

Spare money he mean is the amount which hasn't been used and it's like free cash for them which if lost, it doesn't give them any big effect

Indeed, borrowing money is a big No if you're going to gamble. It would be better to use your own money rather than asking for others to sustain your eagerness to gamble, its risky and might put you in a worse situation like what happened to op.

No matter how good player and confident you're to grow the money still its a mistake to use it for gambling.

A very good suggestion from you. To this day, although I am online every day on a gambling site, but as much as possible I will not borrow money to make bets. Because I realize how dangerous it is that we have started to become addicted to gambling. Winning or losing is meaningless later that there is only a desire to continue playing.

It should be so but when a player is under gambling addiction he doesn’t care if the money is obtained easily or hard earned,the player keeps playing hot headed and does not thing about the consequences.No one has spare money except people who sell drugs or do something similar.Once you start gambling you are not safe from anything anymore financially speaking so better to be careful.

Are you new to gambling or something?
It's beyond me why anyone would borrow to gamble or invest in something they don't  understand well. Could this be greed or addiction? I doubt it's addiction.
I guess your friend should have asked you what you want to use the money for with proofs.

I think that was the beginning of addiction then it became greed, he could have left gambling (dice) if not addicted but he still did it and when he was already profit then suffered losses then he tried to multiply the base bet or something else and in the end lost everything.
If he is not addicted he will not play gambling and greed always comes when you get profit/loss, that is the gambler's instinct.

stupidly maybe here, why is his friend so easy to believe it or maybe his friend already believes in him so much. I still don't understand why his friend is so stupid, lending money but not asking, what is that much money used for.

Yeah, that is not advisable to borrow money for anything, not even for playing gambling. We cannot repay the money if we don't have jobs that can give us the money to pay back the money to that person. Related to gambling, when you decide to borrow money for playing gambling, you need to think twice about how you're going to pay the money back because gambling won't give you the win money if you don't have luck.

You should think other reason too, there is a chance OP's friend ever lent him money and OP pay back it very fast with some interest for his friend. That could be a reason why Op's friend willing to lend him money again

Is there anyone who won't ask you anything when you are going to borrow their money?

When I lent someone I usually ask them on what purpose you will borrow, or sometimes the borrower itself with say first why he would borrow.
However, a borrower can always make false reason, so if we lend money and we trust the person, we would just give if we have some extra money, regardless on how he spend it as its already out of our control.

Which is why you should only borrow money in the case of an emergency, due to the economic system that is currently in place people have accepted to be indebted as a natural state and that is completely false, in the past people lived their entire lives without being indebted to any institution and only had small debts among their friends, but now you can ask a credit for anything and that is simply not right and this thread is a perfect example of that.

The whole idea looks stillborn to me

If they have to borrow money for something, though not necessarily for gambling or investing (these are the extreme cases), most certainly they don't understand it at all. Apart from a few rare exceptions (which are said to prove the general rule), this is going to end in disaster and likely personal default. Even in business, if your idea is worth it, you will be able to find investors to support your project with their own money (so-called venture financing)

Gambling can be full of temptation when you are actually in the casino. Jackpot price can be fulfilling if we won it and sometimes it makes a reason why some gambler attempts to borrow money for this. Not a kind of stupid thinking but it sometimes makes sense also cause what if he/she wins the jackpot prize, instant millionaire might he/she will be. But for us who are less experienced in gambling, we've never want to try this act cause we were afraid of the losses we might get.

Many gamblers suffer losses cause they never think what would be the possible consequences that might able to face later. Borrowing money for gambling its a nono for me and I think most of us here think it the same way. Though it sometimes came into our mind of winning the jackpot can solve everything, pay our debts and make us an instant millionaire. It sounds like encouraging but what if we fail (again), this is what we should have to look by. Though borrowing might be good but not because we use it for gambling.

Gambling is not just what you damble into. Gambling needs preparation especially in the mind. A lot of damage could be done even unto death, it could lead to jail, high blood pressure, irrecoverable losses, even suicide if someone do it anyhow. One could be lucky to do it anyhow and still win(that's gambling for you) but if comes the other way round should also be planned. And borrowing money to gamble is not adviceable, you should gamble with money you can afford to lose.

Borrowing money just to gamble is a stupid idea but if you really are a greedy and a revenge type gambler, you will do things like this to get your money back or to have some profits to bag on.

There are many gamblers who are getting many losses because either they don't know when to stop or they are not lucky at that time. For me, it is better if don't just gamble if you don't want to suffer the consequences gambling can give to you.

borrowing money for something high risk is really not recommended. I will borrow money when it guarantees that it will benefit. I have never even spent my money on gambling, I only dare to gamble when I get free money, and therefore when I lose a lot of money, I never stress.

Although you are right in regards of hedging your funds, I think when dealing with gamblers, we should care about their fate too. If you know for sure that someone wants to borrow money from you to gamble with it later, you better don't loan the money to them at all, with collateral or not. Maybe they will be mad at you at first, but they will thank you later.

It may go either way. If someone will borrow money from you to be used for betting and that bet won but since you did not lend him, he will definitely be mad at you. But either way, you should not lend to people who will just use the money for gambling. They are not to be trusted. Who will trust someone who does not have the money but still wants to gamble? That attitude reeks of lack of discipline and out of control gambling urge.

If the person you are lending money to, has a habit of gambling then making this conclusion that he will be doing same with the borrowed money is not difficult at all. Only those persons who are near to us ask for such favors and help. In case of gambler friend, it would be best to not give him any money. If he claims he has to pay some debts, better would be to join him in this act. Lending money is a serious matter.

Gambling is not just what you damble into. Gambling needs preparation especially in the mind. A lot of damage could be done even unto death, it could lead to jail, high blood pressure, irrecoverable losses, even suicide if someone do it anyhow. One could be lucky to do it anyhow and still win(that's gambling for you) but if comes the other way round should also be planned. And borrowing money to gamble is not adviceable, you should gamble with money you can afford to lose.

Gambling makes us addicted, especially if you've been given a win once, usually someone will be curious to be able to win back. But instead of the victories we often get, we're mostly lost. I have experienced that when gambling often, but thank God I have never borrowed money from anyone to gamble. So it is not recommended to borrow money for gambling. So if there is no money I just stay quiet and not gamble.

A wise and not greedy mindset is primary, but indeed as a gambling addict there will be thoughts of borrowing money to gamble even though it is only a small loan but over time it can become a habit when they no longer have control and because of greed which makes it worse.

Too ambitious to win a bet by doubling the value of the bet will produce two things. First we can win big and second we will fail miserably. Gambling is full of hope, but we dont realize that we have fallen asleep with the hope of victory. It is ok to bet, but if you cant control your emotions and thoughts, keep them away.
Often people sell valuable assets to bet, with the hope of returning capital and lots of wins, but many end in defeat and disappointment. Therefore, borrowing money to bet is not a good way to do it because it will only increase financial problems.

You'll always faced by hard choices in gambling.. even when you are up in profit.

Don't you think gambling is destructive most of the times? I can't see there's a lot of stories about gambling that have a happy ending , they are all either endless or terrible ending just like what op experienced.
That's the worst scenario... borrowing the money > get busted all > frustrated can't pay it back > committed crimes or the worse committed suicide to end the misery, I've heard a lot of stories like that , I wish we won't be one of them.

The damage that can be done if you'll engaging too much will go deeper, make sure you are mentally prepared and you are not going to spend
money that you can't afford to lose, otherwise, hte damage can bring you to many wrong decisions in life, to the point that you'll be ruining yourself.
Acknowledging all the potential outcomes will build your chances not to be addicted and not to make worse decisions like lending money for gambling purposes.

Actually gambling is not entirely bad, the bad is players. Stupid players will play greedyly and they will continue to try to play even in the worst conditions, like borrowing, well that's the stupidest thing. If the person playing is a wise person then they will make this gambling just a side to have fun and money is just a bonus, not a goal.

If you can’t afford to gamble, then don’t try It as simple as that and yet some people choose to take the risk without the plan b. If you are going to borrow to invest or for your trading activity then it will be fine but if you are playing it on a casinos, expecting for a return is not good it will be a sure loss. Lesson learned mate, you gamble with your money but don’t borrow again for this kind of reason.

It's not that easy to follow the advise though, specially if one is addicted and have won much in past :P the feeling to take a loan and then double it within seconds and then return the loan and having free money is kinda thrilling ans very hard to resist, and human greed defies every logic :D

I agree with what you said, Gambling is literally a very risky field to get money and it's not recommended to be honest. It could be addicted sometimes and I'm sure that anyone can be broken if he took it as a source of getting money. I usually gamble only for fun with my friends and I never took it so serious because I know the bad effects of it and I know how it's gonna be so bad when I start to think that it can be a source for getting money, in the most of case I'll end up loosing though.

That's the hardest part , you might did gamble for the first time for the sake of having fun but as time goes by without even you realized that you are gambling completely for the money... no more fun in it when you lost, everyone would admit been in that kind situation simply it's because the gambling nature tend to bring people into bad situations most of the times .

Stay away from gambling in the first place if you want to avoid risking your financial stability, it's destructive, affirmative!

Very good advice. It's safer if we play gambling only from the extra money we have. I mean not until we spend the money we have saved. Especially until the debt. I also do not understand why people want to borrow money just to gamble.Are they obsessed with winning or do they want to win big ?? Do not let gambling destroy our lives

People who gamble just to make money their is a high chances that what all you mentioned it could lead to all those things as it is possible that people may lose lot of money as greed is something which many could not resist it .

Gambling with an intention of making big amounts of money is the wrong approach.  Only gamblers with this false thinking face devastating results like losing all the money and ending up in huge debts. The sad reality is, majority of them are victim of such beliefs. Gambling is just a game. Though it is not a game in itself but placing money on other games can do nothing else than entertaining for some time.

Those that borrow money to gamble either have a huge gambling problem or they are unable to see the consequences of their actions, gambling should only be done for recreational purposes, once you begin to try to profit from any gambling game that is when you begin to see problems in the conduct of gamblers, because instead of just accepting their losses they try to somehow recover the money that they have lost to the casino but since you have the odds against you the longer you play the more losses that you will suffer creating an even bigger desire to recover the money that they have recently lost.

Sometimes it's easier to lend money to someone than to explain them why you can't (or don't want to) lend them money, but if you know for sure that it's for gambling you better take the trouble to explain that person that they are about to enter a very dangerous road, and that it's better for them to hold off. And it doesn't even matter whether it's a small amount or not. You just don't do that, you don't borrow money for gambling, ever.

Right, I would suggest people not to give out money even if it is for the sake of taking chances on high rollers.

True it becomes a mental burden when someone whom who lended could not pay back and now you are having to hunt him for an answer.

For gambling specifically. We borrow money for different purposes and banks dont ask for the reason (usually). But between friends who gamble one should be careful about giving out money.

Its like teaching a person to fish and they will be able to feed themselves. Gamblers should know when to stop and not gamble anymore such that it does not affect their savings anymore.

Losing that money would mean you would lose a good friend and mind you friends are more important in life than money.

- That should never be done in the first place. Do not trust even a friend if you know that the money will be using in gambling.
- Yes, and now the friend of OP will have to think of this problem on how OP will pay him back.
- I agree, if it happens to me and I know that it will only be use in gambling, there's no chance that I will lend  money.
- gamblers should know how to control themselves. If not, you will end up having debts until you were not be able to repay them.

But you can stop those people who do have that kind of mindset where they do think that they might able to repay those loan or borrowed money once they do able to hit up some wins.

Taking a loan or borrowing money just to gamble is really a dumb thing to be done.You are indeed putting yourself into a deep trouble and if you dont like to be put up into that situation
then better not to consider this thing.

Well busted last week 0.5 with a bad session. 282k rolls and just 8 times a 0. (for the once who don't know me, i mostly only hunt for 9900x)  >:(

Indeed. Even how skillful you think you are on gambling dont use borrowed money hoping you can double or triple it. Its a very risky thing to do and you'll only realize this if you end up with nothing on your hand. If you want to gamble then provide yourself a capital or spare money so you can play without worries of repaying back to someone.

Yes, borrowing money should never be done in the very first place. Borrowing money to use in gambling is too risky and it won't bring any good to any gambler. Providing enough money to play or the only amount to risk is the only choice and the only thing we should do to avoid unnecessary situations.

Losing 0.5 btc is really a lot (it's around $3150 atm). If you always chasing 9900x, you must be ever hit big amount with that multipler, don't you? What's your biggest win while hunting 9900x?

To be more exact, it's depends from your luck, either it could be good or bad luck

Well i was up from faucet to 0.5.

My biggest win ever was a 5000sat roll on 9900 so almost 0.5
Bet: https://duckdice.io/share/bet/38672623368

As after every sunset their is a sunrise happens same day nothing is permanent . You will have the good days and the bad days in casinos or in gambling where at times u will make money and other time will lose it . So stay cautions .

But gambling is full of a trick if we aren't strong enough and feel depressed when we lose our money, it really hurts you and even can't decide perfectly. And our lives can be like a wheel, sometimes up and sometimes down. If we believe that sunrise will come, we have to understand also that we have to lose some and gain later. But how if nothing left in our pocket cause we lost them all quickly before the sunrise comes, thus it need us to borrow from the others or leave? That is why most gamblers are in debt because of these beliefs.

There is something to worry about. Basically gambling is not an accept your loss lifestyle. If you truly are a gambler, you should do something to avoid doing stuffs such as borrowing money from someone just to have something for you to bet on. If you are a gambler, you know you can play without the help of anyone that surrounds you, you should be independent and self reliant.

Every gambler will be upset if they lose in gambling. Gambling will depend on the luck itself which no one will know when it's coming. Good days and bad days will always comes to every gambler, and if they cannot win many times in gambling, then they need to consider to leave gambling for some time. But accepting the loss will not be easy, especially for people who lose big money in gambling. So you must be careful when you play gambling.

if you will learn from the experiences right?because if you will follow your addiction then for sure losing will streak you everytime.

the desire to win is normal but the chance is minimal than losing so admitting that fact will save our asses from being greedy.

Borrowing money is better than stealing money just for a certain individual to have something to gamble, but it's like stealing if he is not going to pay it on time. Addicted gamblers are the ones who have this kind of routine if they run out of money yet they are still not satisfied with their game. Yes, you could call them obsessed with it because it's their life, without their addiction, they would feel empty and lonely.

It's ironic because they are having fun while they are destroying themselves indeed, but I guess there's nothing we could do if it is what they want.