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According to the story, a man collapsed after he lost $400(the equivalent 200k in my local currency) loan at a betting shop called Bet9ja. This money was borrowed from loan shark operators for pay for his house rent however. The man thought that he may be able to double it he took it to a betting shop. Sadly, he lost all the money to a virtual game. Now, he is mostly likely going to be kicked out of his apartment and wind up homeless on the street.
The football season starts today. Many folks who gamble see it as an opportunity to cash out or double their money. This is a great caution to never take out a loan to gamble and another way of saying this is never gamble with money you cannot afford to lose. Lastly, I believe we have a moral obligation, not to introduce any friend and family to gambling matter how much we may have won in the past or think we will win this season. You can share your thoughts.

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As we have been saying here in the community, 'gamble what you can afford to lose'. And this man didn't understand that and so now he has 2 problems, how to pay those loan sharks because for sure he will get a beating from them if he don't pay, and then probably homeless by now. Another stupid move by a individual and more likely he will continue to gamble as it seems that he is already addicted.

There's a reason why gambling companies are so profitable.

It's the millions of individuals that are spending a fortune to try to win some money. In reality they're all just basically donating their money to the rich people that run the casinos.

Behind all the bells and whistles of the casinos there's the cold hard math fact that in the long run the house always wins.

Unfortunately these events happen all the time.People who are not that good at controlling self emotions and thinking far ahead will suffer from this.In my country there are some "loan operators" that for me they should be put to jail yet the country government let them like nothing is wrong with them,they give you 1000 EUR and ask for 1600 EUR in return after some months,if you don't pay in time the interest goes up to 280% or more.

The man in this story should have stayed away from gambling but since he took a loan from loan operators to pay the rent of his apartment says a lot of him being not so competent or financially literate so he was an easy victim to the gambling system.

But why did he have to gamble with all, if he wanted to gamble so badly and was so sure he could double the money, why not split the money into two parts, one part greater in ratio than the other and use the lesser part to gamble seeing that he's already a problem gambler. In my analysis he is first a silly individual, and allowing himself to be a problem gambler without accepting it and wanting to change has made him more sillier. I doubt he will be without a roof over his head, even if he has to squat with someone for a while or make some payment to retain his accomodation...but this experience I really hope will serve as a lesson to him to make better decisions next time. If he doesn't, he collapsed today maybe tomorrow if he continues, he may have a heart attack, slump and just die.

I would never understand how people living from paycheck to paycheck and are on the brink of being homeless still think of using their last money to gamble. The chances of losing that money is extremely higher than doubling it. People should stop relying everything on luck and start doing things to turn their lives around. Nothing wrong with gambling if you can support your life without having to get a loan. Then again, the delusions of the poor and their greed would always get to them and that, IMO, is something that can't be fixed.

One thing gamblers fail to know is that gambling involves taking from an unlucky bettor to pay a lucky one. Risking a loan taken for a specific purpose on bet is a risk that isn't worthy to take. And risking all $400 wasn't a good idea as well. And the sad story is gamblers keep falling into this over again making the gambling industry the most profitable amongst other industries. I feel many will still engage their greed in gambling so for now this has become a norm

I just commented on a thread about not taking a loan to bet on an insider tip so this is the scenario if you gamble and the money comes from a loan, the sad part of this topic is, that it is coming from a loan shark, we all know how loan coming from loan shark generate interest if you fail to pay on time this is a big lesson for him and people should learn from this sad experience that only gamble excess money


Unfortunately, advice or reading stories coming from people's experiences are not sufficient, for gambler's alibis are, it's not going to happen to them or they know what they are doing, for a loan shark they always on a look for people who are addicted to gambling because they are willing victim.

I am currently reading The Three Musketeers by Alexandre Dumas. There is one interesting episode in the book.

Musketeers have very little money. Athos, Portos and Aramis give all their money to D'Artagnan and send him to play in a casino (gambling house). At the same time, Athos says that D'Artagnan will definitely win at dice, since he has a "light hand".

However, only in fictional novels do such stories end well...

In fact, according to the mathematical theory of probability, losing in games of chance based on luck is more likely than winning. All the more crazy to play with credit money.

Getting kicked out of your house and homeless on the street is the worse that can happen to anybody but he cannot blame anybody but himself, I'm sure he already knows that we should only gamble money that we cannot afford to lose, I wonder why he takes the risk and did not think of the consequences, this is what happens if you want to take on risk and don't want think of the consequences, I hope his relatives will still help him based on the picture he seems to regret what happened to him, you seldom think of the consequences until it happens to you

Unfortunately with the internet and ads online it's hard to stop them from learning about gambling, but once you discovered that your relatives are into it, we need to guide them and advise them on the harmful effect of irresponsible gambling.

Maybe he collapses not because of his losses, but he is afraid on how he is going to pay the loan shark. It's probably like 20% or more than maybe he was just give 2 weeks to pay for it. And now that he gambles everything, then his problems multiply as well.

Again, dumb decision because he didn't know to prioritize things. Or maybe he was really addicted already that's why he is willing to take a loan to disguise as payment but at the back of him mind, he is thinking that once he got the money, he will gamble it right away.

It has been repeatedly said not to gamble with money on loan or that money you can't afford to lose. Gambling is a strong force that always control an individual to only see possibility of winning but not for winning. As soon that you make the money out for bet, the money is no longer yours and you stand only in between to recover it above what it was or to lose in entirely. For the gambler who borrowed money to try his luck to multiply it against paying his rent, it is unfortunate that he may suffer the consequence of taking the risk of luck

This is hilarious. The guy seems from a country which money is very hard to earn, Loaning on whale shark and lost it all on betting will surely give you a distress because that money is very huge in his country. Although I’m just concern about the source because it’s from a social media post and video looks like a meme but focusing in the lesson of this kind of story, Gambling is already risky but involving loan sharks as source of money will just  worsen the risk involved because there interest is insane and huge than the house edge.

The player is already in lose the moment he get that money from the loan shark.

He was being responsible, he only believes in the positive outcome but did not see the risk of losing, now he is surely regretting as he suddenly becomes homeless. I think this guy does not have a stable job though, because if he has, he can still pay the lose since he is earning, so it will only fall to the violation of the principle in gambling which is gamble what you can afford to lose.

We should not wait this would happen to us, we have to learn from the experience of other people.

The picture got me laughing. Taking loan from those Sherlocks to gambling is not only disastrous but it might be suicidal. In few months the interest would be greater than the loan and they would get him arrested if he fails to service or pay the loan. Thank you OP for this great remainder and I would never secure a loan for gambling. I want to add that we should not also use income that have been budgeted for our basic needs, especially those that have defendants. Some women can turn the home to hell if their husbands looses feeding or other bills' funds.      

When I first saw the news on online news platforms, I was laughing out loud at his insanity. I wonder what makes people think that they can make good abundance out of online betting. Although he's not the first that has indulged in betting with loans or borrowed money.

Bet9ja has done so much harm to our youths. It's disheartened to see how millions of people partake in online betting with their last dime.  

Same as this more incidents will be happening around, but very few gets revealed. This incident serves as example to users who think gambling as a way to earn. Not everyone will be lucky to double or triple the capital. What the person experience is really terrible. Gambling is for users who have excess fund in the wallet after meeting all their life needs.

How sad, he should be able to relax a little more in that apartment, if he didn't follow his imagination and use the money to gamble.

Now the man has to face two of the most difficult big problems after he loses the bet.
He will be: A bum and he has to think to cover the loan sharks that have been set, that's the effect of not thinking clearly, just following lust that's what happened, this is really bad news for the guy.

In this topic I can draw one conclusion, gamble as much as we can, don't assume that gambling can double your money, what else borrow money, think of gambling as entertainment and make bets with money other than salary, loans, bets with bonus money good idea to bet gambling.

I was sad to read it, I also experienced the same thing, but it was different, the loan I did was not for gambling but for other needs. I want to stop the habit of borrowing that I do at online loan services that are easy to find in my country. I am now trapped in a cycle of debt. Of course I am still responsible for my actions, but this gambling and borrowing activity that I do at the same time, makes me worried. Few days back I've a chance to repaid, but I'm continued to playing slots and lose 80% of my winning. So, never do repaid after that.

One of the negative effects of psychology when gambling is no longer entertainment is to come up with another stupid idea by placing too high hopes on gambling winnings, while betting the rest of the money.
I think every physical casino should start plastering their walls a lot with useful financial advice, so that players won't come in with a depressed economy.

A usual scene already in gambling world. Taking a loan, facing the risks, and expecting a profit in return.

For me, I feel good about what happened to that man. Why? If ever he won it, that will create a bigger problem in the future as he will just continue to do betting. Once all of those winnings lose, another loan attempt will be in progress and the cycle will just repeat. Since that man's loss, I think he has now learned a lesson and won't bother to do it again next time, I hope so.

I just don't know why he was able to be credited with that amount. Usually, taking a loan even at around $400 has a strict checking before it will be granted be it on the bank or any lending institution. Borrowers need to have a credible credit quality or if none, they should have a fixed income. And for a $400 loan to be granted, the fixed income of that person should be decent.

Another one that learned the hard way. Because the reality is there is no such thing as easy money. Gambling winnings may look easy but there is a huge risk too. The money we bet is the hard-earned money and in gambling, we may lose or win, there are no guarantees. I may tell a friend to gamble but only if that person is financially and mentally stable. There are people that have a revenge attitude when losing a bet, and that's not a good trait of a responsible gambler.  

Yes, the long awaited season is finally back and I can't wait to see all green in my first game of the week today hopefully am going to win big this new season. Every new season is an opportunity to keep trying our errors because when the luck is not coming fort it becomes errors to bettors who don't give up no matter the losses in the gambling hustle. This advise that gamblers should gamble with an amount they can afford to lose has been said several times and any gambler who still take loans to gamble is either an addicted gambler or a newbie in gambling. I will not force anyone to join me in gambling and I will not share my experience with people because the journey has been a rough one and I don't want any member of my family to Ie a part of it.

This man has suffered the consequences of his greed, he seems to forget or ignore some important messages in managing his finances when betting, betting with borrowed money is always not recommended and he looks down on this message. The real bet is not how much money we deposit into the bookie, but we have to bet against the passion that always drives us to win big money. Every bet carries a capital risk and gamblers are generally advised not to bet more than they can afford to lose.

It's unbearable for him, imagine losing $400 instantly from a loan coming from a loan shark, loan sharks are notorious in giving high interest rate every time you delay your payment, I guess the guy doesn't have the money to pay his loan, this is the worst way to lose, you will still feel better if it's your own money, I could not imagine myself getting a loan from a loan shark only to lose everything in gambling.
If you're gambling money coming from a loan you are not thinking correctly, responsible people will never do such a thing.

Yes, probably that is the case for this man, watching the virtual game and then getting nervous when he see that his bet is not going to win. And eventually he lost and now thinking where he should get the money then for the rent and to pay for the loan. And it's unbearable that he collapses. Maybe for others $400 might not be a big money, but still a money that he chooses to gamble first instead of paying his rent so that he can still have a place to live, wrong decision but it's kinda late.

This is absolutely pure greediness by the man in a bid to win huge money, unfortunately lost everything because of "getting rich quickly", why not gamble with 5% or at most 10% of the money after losing it he should just quit and look for other alternative to replace the little amount of  money lost, gambling with the whole borrowed money not even his personal money is a very stupid idea, infact losing the whole money might consequently result to his suffering from high blood pressure, there is the possibility of not having an alternative means of repayment of the loan, this serve as warnings to newbies who had the habit of gambling with the whole lot of money.

Maybe he fainted because the money used to bet from the borrowed day and the amount was very large, and even though it wasn't the loan proceeds, he definitely wouldn't sleep well and was even stressed and that was the consequence of gambling.
surely he will feel deep regret after he wakes up from his stupor but it has already happened, this is stupidity and carelessness done without calculation and not thinking long about what if he loses and repays the loan.

If only he managed to play that loan money on strategy-based or skill-based gambling games, things might not become much worst. I don't understand where these people is getting the guts of playing a loan money in a luck-based games where the risks of losing is much possible

I also don't understand dealing with the last of your money and there's no Plan B. That's basically suicide.

I hope he will solve that problem and anyone else who has the same experience. Please don't give up.

We have been telling that to many gamblers, and the old ones know this rule already that do not gamble with the amount that you can't afford to lose.

This guy did it just wrongly.

That money that he took as a loan has something to be used for and then he did spent it to something that it shouldn't be.

There's a tiny chance but it's always not that good to use the loaned money for gambling purposes.

He is still lucky for me that he only loses $400. At least, he can negotiate it properly with the lender and do some new agreement on how to pay it if the man claims that he will struggle to pay for that. The first thing to do is to do that action before the due date so the lender will be notified about the problem.

The man just needs to work hard to earn the money until reaching $400. He should pay the price that's why no room for any complaints.

He should feel lucky that it's only $400 and not more than that. It's a nightmare if the amount loss is really big.

Next time, don't gamble when there's no backup and established plan in case of losing the money.

there are many similar cases happening in my neighborhood, some of my friends lost their property because of treating gambling blindly.
sometimes I feel sorry for someone who becomes homeless because of his excessive behavior towards gambling, the effects of addiction make their way of thinking become irrational, psychological disorders we often encounter in someone who has excessive tendencies.

So back to the title of your thread, the behavior of someone who has characteristics like the man you describe, actually they experience psychological disorders and loss of consciousness to think clearly.
many gamblers are desperate to risk all the money he has to double it through gambling, and in the end only hurt himself.

The first post correctly lists the risks of gambling and how we should proceed if we decide to gamble. I don't want to sound rude, but in this particular case (as in many others), the main problem was not gambling. It is obvious that if a person came up with the idea to bet on borrowed money to solve some financial problems, he is already in a difficult situation and the additional problem does not change much.

That’s what he got for being an irresponsible gambler. If he only gamble with discipline, or just gamble on an amount he can afford to lose, then he must still be living in an apartment safe and sound. I think gamblers these kind have been gambling addicts already as they cannot control the urge to gamble anymore. I hope this will be an eye opener to everyone that gambling won’t be a solution to your own problem. It will create another problem instead once not done in moderation.

Well, all people really have different attitudes to losing gambling, but do people investing in the crypt and losing after that react the same way, of course not, just stick to the rule of losing what you don't feel sorry for, but excitement and greed are insidious things, you need to remember this.

Stories like this deserve a lesson for all gamblers because gambling doesn't always have a beautiful ending. in my city gambling is illegal but the majority of homeless are drug users and gamblers, they must have been thrown out by their families because they have destroyed themselves in their own social life. keep using a cool mind in any case, don't get emotional easily, especially when gambling.

That really doesn't look the end of the world for him. Even though the man lives in a poor country where dollar values a lot and local fiat currency is worthless, 400$ is still recoverable through another methods relatively fast. The man just needs to forget gambling for now and concentrate his efforts in working and asking people around for temporary support until he can pay for a new house.

Maybe his appearance on the local news will lead people to recognize and offer earning and living opportunities to him.

Gambling is okay, only when betting from your own money only that is considered portion for your hobby/entertainment purposes. Betting using the lent money is a no-no.
This is the very reason why most poor to average people become poorer due this kind of mindset.

The nonsense that heavily addicted gamblers get up to never ceases to amaze me. It is a blend of pure desperation, laziness and greediness that ultimately drives people to commit such acts but a lack of education seems to play a role as well. It's bad enough that he put money down that was paying for a month worth of a roof over his head, but he put it down on a "virtual" sport which is absolutely engineered to only benefit the sportbook - there is absolutely no luck involved, it is all predefined through automated algorithms. He could probably have found much better odds with some sort of sports team and had a genuine chance of doubling up. It's hard to have any sort of sympathy for the situation he has created.

unfortunately such sad story recalls a series of basic information for those entering the gambling sector.
 - never take out a loan to gamble
 - never gamble more than you can actually lose hence never gamble with money you need for daily expenses.
 - never take a risk in something that you can control (I mean virtual games are not based in any skills, plus there is no track records.. and so on...)

Lol, I don't know why but the title of your thread made me laugh, sorry. Not that I underestimate the amount but 400 usd is also a huge money already for me. I think it's because most of similar stories that I hear has an amount which is bigger than what is featured here and also those guys didn't collapsed but they are only worried.

The picture that you attached made me laugh as well as it got my attention first and I think it was some kind of a meme about the gambling site bet9ja but I only realized that it was based on a true story right after I started reading the post. We don't know maybe the guy is only doing a drama so that someone can help him but what he did there is still wrong.

Yeah, if we own the money then we can do anything we want with it. But if you just took it as a loan, you better be wise on using it because it can vanish quickly if not spent on better things.

No offense to them but that's the reality. It's likely that they're also the ones who want to become rich quickly and that's why they're looking for ways to reach that goal of being wealthy in ways that are not stable. And most likely, they're putting themselves in a situation that's hard to deal with.

That's kind of funny, why will you borrow money then the only thing that will come to your mind is to gamble with it, the person know he can't afford to lose the money then still go ahead to gamble with it, the person is completely addicted to gambling which is very bad. I always advise people to stay away from loan and if you are taking a loan always make sure you use it wisely.
Am sure the guy wanted to gamble with the money so that he can double or make extra cash, but when you are gambling your win is not assured, anything can happen so always gamble with the extra cash you are having and always gamble with the amount you can afford to lose.
Hope the person those not have wife and children because I don't know where they are going to stay, he will use his mistake to punish innocent people.

Actually the reality is that all or most of gamblers has that mentality which is to became rich in the quickest way possible. However, we as gamblers should be disciplined and be able to know how to moderate or manage or funds. People who bet on high risk bets and only has a focus on winning will usually end up being broke as you will need to strategize.

I don't think most, otherwise many people are already addicted to gambling and our government will be forced to ban gambling. Of the total gamblers, IMO there are only a few who are indisciplined and not realistic enough to believe that gambling gave easy money but in reality, they will never win in the long run.

Jemzx00 it's not like that, most gamblers are normal people who gamble with money we can afford to lose! Yes, it's normal to wish to become rich from gambling, but as gamblers, we know our chances and we choose to play crazy volatile slots where we can lose or win a fortune very fast, or we can play poker or bet on sports slowly, week by week...

The reality is that people don't think about the consequences before it's too late... but that's life, we all make mistakes and we pay for them! We all learn how to think before we do something, that comes with years and experience...

Many misinterpret gambling simply because they don't have any knowledge about it especially the possible risk if they get too attached with it. That bettor collapse simply because he's worried about how to pay that loan and where to get the money to pay for their needs.

This is just a one story out of many failed attempt in gambling, having that loans is not ideal and we should always learn from this. If you can't afford to gamble, don't borrow money just stay put and focus yourself in other things, gambling is not good to those who don't have enough capital for this.

This is really concerning because, in a third-world country, $400 is a huge amount...

use your brain and logic, this is what everyone should encourage everyone around them because many people out there especially gamblers in poor areas do not have any concern for their future and their families. in my country, $400 can be pay rent for half a year and I would prioritize paying the rent rather than having to spend it all on gambling.

Obviously, this guy is not into gambling and was surprised that his money coming from the loan was wiped out in just a short period of time its a reaction of a guy who is helpless and in shock, the depression is going to linger as long as there is no solution to his problem, I hope his family can help him because this guy just suffered from breakdown, he needs a support system to get him back on track and be normal again I hope his friends and family can provide him the needed support.

that's why you should never gamble the money that you can't afford to lose. this guy is just one of many people who lost their money to pay the bills due to gambling.

I wonder if he has a job because if he doesn't, being homeless would be the least of his worries. loan sharks are notorious when it comes to high-interest rates, if he can't pay his loan in time he'll be buried in debt.

The man probably thought that $400 is also a huge amount if it doubled, and it's a good opportunity that came knocking at his door. He thought that it's just a quick bet that will make his money double, but he was wrong, big time. People who are thinking of get-rich-quick schemes too much are always screwed because it skews their judgment and thinks more of the benefits but never consider the negatives of their actions. I'd say he deserve it, and hopefully serve a costly lesson for him to not repeat the same thing again.

In my country $400 is a huge deal. The reason is that Covid 19 brought with it untold suffering and hardship. Coupled with the fact that the government would not stop passing policies that are unfavorable to her citizenry. So many people are living on less than a dollar a day. So I could why the man collapsed.It seems all hope is lost. It would take him more than a year to raise the the money. And maybe longer if he has a family.

That's too sad, I hope he has some day job so he can pay his debt and I hope there's no more problem he will encounter after this one. Being in debt or doesn't have anything in your wallet is definitely a bad thing, I hope he will take this as a lesson and will never do this again because if he do, he will lose his everything his family and himself and being buried in debt and addiction.

Gambling companies running in 3rd world countries are outright evil, They sell false hopes and dreams to the poor people living there and while they get richer folks there become homeless.

I think it doesn't have any difference on the second and first world countries since their promotion is mostly about double or triple your money etc and have a warning sign if gambling is high risk games. But since second and first world countries have better mindset than the third world counties, most of people were rekt of gambling mostly come from third world countries. Gambling companies aren't wrong, but the gamblers itself have full responsibility.

False hope in gambling could really make us lose everything we have. It is not advisable to borrow and bet more than what we could afford to lose especially if it's allocated to our necessities. I feel sorry for Ops friend but it will only serve as a lesson. It's just so heartbreaking that this situation mostly happens to the poorest of the poor. We should know the risk of gambling in the first place and we shouldn't put our hopes in it.

It could be better if he's not gonna wake up again JK lol.
Well, that's not a new story. Pretty sure we have heard stories like this before and as long as there is gambling, we'll probably going to hear more.
I've got nothing to say this person If I personally knew him but wish him goodluck and the encourage him to be resilient and learn from what have happened to him.
I knew someone who has lost enough due to gambling, but he didn't collapsed, but he lost his car and his girlfriend for 10 years.

I'm also very regret for bringing my relatives friend to gamble, I have experienced the same thing. Actually I did not invite them but those who came to me, to be honest I was wrong. But as a man, I have to take responsibility, I will think harder to recover my finances in this new season, so that I can help my friends and relatives. The thing that must be considered is that, it should not just bring people into the gambling industry, they must have their own responsibilities with careful thought.

Gambling has always been dangerous, there is no guarantee of profit, even professional gamblers lose money in gambling. In this case that OP posted, it seems to me that the guy made a bad bank management, took the money he couldn't afford to lose and made a losing bet, but I believe he did it out of desperation. he needs money, and so he thought that by betting and winning 2X he would have money to pay his bills and wouldn't have many debts, unfortunately everything went wrong. are things that happen. Now the biggest problem is undoubtedly the fact that he can't afford to pay his debts and won't have a place to live. this is the most worrying part because he can be arrested if the people he is due go to the police


I don't talk to anyone about gambling, I'm afraid to talk to someone and then that person will lose money and blame me and then I'd be blamed

What I mean is that most of us came to gambling with a mindset of being rich in the quickest possible way. Yes, most of us thinks about the consequences and the risks when gambling but the reward it gives whenever  we win is somewhat the fastest way to earn or double or funds compared to other alternatives.
I don't think the OP knows the guy or even a friend of his but rather a story he heard somewhere else. Anyways, these kind of situation isn't limited to poor people but this also happens to rich ones. I think this is much more common to rich gamblers as they are easy to lose control and even bets their properties.

That is one very thing that could occur or happen to anyone when someone borrowed money trying to X2 the money within a short period of time, so bad knowingly it was money that is meant for his rent and in the process loose the whole money, this should server as a very big lesson to him to learn. Anyone that wants to get involved with gambling should have in mind the risk that comes with it, hence one can even go extent committing suicide as result of this.This is as a result of his greediness for money.
 
This put me into asking this question if he used the entire money ($400) in one time betting.

People need to understand gambling is a game of lose and gain , and the result is unpredictable.  Since their is a probability of one loosing a game , it is good to only play with an amount of money that even if it get not to win it won't make one to be sober. People just need to understand the philosophy of gambling.

They do not sell false hope but many people who already know that gambling is very risky but always thinking to try even with money that should be for important things in their lives and this is a disaster especially if the person comes from a third country and without clear thoughts using money which is large enough to gamble, especially the person uses money from the loan, always use money that is able to lose.

He knows the risk and I think what he is right now is really what he earned, he shouldn't have taken that road if he can't be responsible for it. This isn't new and we just keep hearing similar issues even before, it's more like a disease we can't even afford to cure.

If this person lives in a poor developing country, then, unfortunately, his compatriots, most likely, will not be able to help him. 

These countries tend to have very high levels of unemployment and poverty.  In such countries, there are few opportunities to provide a decent life.  And if you do not have opportunities and resources, then you cannot share them with others. 

Trying to double $400 through gambling is probably out of desperation and hopelessness.  This person had no other options to improve his financial situation.  Very sorry for this person.

Gambling in general is not really a wise choice of risking your chances of getting your life in the rubble, it's the other way around. Rather than doing a high risk high reward kind of move, I'd rather do a small business, at least I know that I have something that will eventually give me something in return. Also, never ever trust loan sharks, because you'll never get out of them unless you get lucky enough in betting.

Well too bad that he had to lose such an amount to betting. Not only is he homeless, he is also in debt. Gambling is not something you apply faith in, using your "last card" to do bet and believe that lady luck will be on your side
 Gambling in general is a risk. And except you've got a good hand at winning, it's not advisable to indulge in it. And not to talk of using money reserved for something else to gamble? That's a real big risk.

Absolutely i agree. You should never gamble with money you need. There may be times when you need money, but that shouldn't encourage you to gamble. I'm sorry for the man's condition. He lost the money he needed for shelter in gambling. The sad thing about gambling is that it turns everything upside down. But the truth is that people who are about to lose everything are prone to addiction. It is very difficult to discourage people in this situation from their decisions. I hope there are helpful people around and they can help pay the rent. Never gamble with the money you need, no matter what. Even if the result is certain.

Personally, I feel sorry for him. He made a mistake by gambling with money he borrowed (money he can't afford to lose). Obviously he either has gambling problems or was totally desperate and had no other way to earn money. I can't laugh at someone else's misfortune although we all know what he did was stupid.
And I don't think Bet9ja or any other casino is to blame here. They are a for-profit business and they make profit from the losses of their customers.

Greed will lead you into this kind of situation, I feel sorry for what happened to him but of course we should not tolerate this kind of action because having such debt just to gamble is not a good thing at all. Now, another problem for him especially on paying both of his problem, this is the result if you exaggerate gambling and think for an easy money. Gambling can’t give any guarantee about profit, don’t wait for this to happen to you as well, avoid having bad debts.

Gambling is not for those who are living a pay check to pay check, of they have no extra money better not to gamble at all. If you are planning to have debt so you can gamble, don’t try this at all cost because you are going to lose everything and that is a big problem to you. What happened to guy is just a normal scenario in gambling, you will always lose their and luck might not be on your side. Debt is ok if you are going to use it on your business, but its too bad if you are just going to gamble.

^ It is definitely right, it is not good to blame gambling casinos just because of your stupidity, your bad decision, or your uncontrol of yourself.
Borrowing money to gamble is not a good choice in the first place, it seems you are risking your money, and being despite to double it is not a good solution. I can't even laugh a people who experience this, they probably need advice so they can decide a good decision in the end.
However, we hope that this man has learned from what he has done. There is nothing he can do just to pay his debt and moderate in gambling when you have a money that you can afford.

There are many stories like these in TV shows and other entertainment plots but this scenario can possibly happen in real life. This kind of people are just blinded by the profit return they can bring once they win and mostly the one who is new to gambling are the one experiencing it given that they don't know how to manage the risk and don't know the possible outcome of the decision they have made. Obviously the man did a newbie mistake of getting loans to gamble, As we know it's a very wrong move. Sometimes it's not about the greed, It's about the desperation of getting extra money for something.

This is why we gamblers have a saying gamble with the money you can afford to lose. The moment you start betting with someone elses money is the moment you have an actual gambling problem. This is when you have to get special help. This guy isnt the first guy to borrow money and not the last one aswell.

This is hilarious I must say. It only adds to the punch card of the ills of gambling addiction. You cannot eat your cake and have it o. Greed and impatience makes gambling or any other form of hustle unhealthy. A word they say, is enough for the wise.

I read that this concerns an amount of 400 GBP. That's not an astronomical amount at all, is it? If you have borrowed $100,000 somewhere to gamble then it is of course a completely different story, but in this case the damage is still easy to oversee? Maybe it was some sort of startle response. Many people know that they should only gamble with the money they can spare, but then people take out loans in the hope that they can earn much more money (by doubling their loan in the casino) and then they have a nice picture for eyes. Often, however, it is and then the problems are almost incalculable.

I don't say it as greed. This is his situation, a friend of him profited and he believes it can happen to him. Also, he's in need of money. He had the amount to spend on rent, he could've thought of having the same amount after rent could ease his life for a month. This is common man's mind and if he had enough money he couldn't have gambled. So, it is all about his situation that collapsed him than the greed.

Already happened and no choice but to move on. I'm sure that man has a stable job as he becomes eligible for the loan. What he needs to do now is to bear the situation and looked for an additional source of income to pay the loan even bit by bit. He took the risks, then pay for it.

I'm sure that man already knows that he might end up screwed but still he pushes for his desire to double the loan money. After that incident, I hope that man learned his lesson. Still lucky that he has a stable job as there's still a way for him to make money.

Good luck to that man and I hope he can get out of that problem.

Losers will always exist, each and every one of us goes through bad times... just don't take unnecessary risks and if you do, have a plan on how to get out of them.

 Things can always go wrong even to the most cautious person.

 If you are afraid of losing $100, do not bet it, if $10 also affects you in the loss, do not bet it if you think that $0.01 is a bet that does not affect you, then it is the one that you should be most careful, since 100 bets are $10 and 1000 bets are $100 remember that those amounts affected you... so happiness is not betting, what we believe does not affect us is knowing how much we can lose and that it does not affect us emotionally.

Now he has to pay for the $400 loan and still has to pay his house rent. He must have had a gambling problem long before this loan. The temptation is just too much to ignore for him even if the money is meant for something else.

Maybe disbelief that he collapsed, it's a brain's defense mechanism. Will the loan shark men ever give him a grace period?

Because he chases his losses in hopes to recover the money first lost.  But sadly the result is unfavorable, instead of regaining the lost amount he lost them all.  This simply show how bad chasing losses is.


 

I bet the guy has developed a compulsive gambling disorder.  It is also possible that it is not his first time doing such a thing and possibly he has lost the money allocated for payment before he asked for a loan from a loan shark.  Then due to the uncontrollable urge, he gambled the loaned money and lost. 

true, no casino that offers wealth especially gives false hope, gambling is a type of entertainment that involves money as a medium in every game.
not a few people who try to try their luck through gambling, we can see this from the example that the OP told. narrow thinking made him trapped in it, not only lost his home but he had to pay the money he had borrowed.
things like this can be an example so that we don't experience it, the most important part is, if you want to play gambling, play with money that has been prepared for a losing scenario.

The man from the story have some high-level of addiction for him to be able to do that. He is too focused with the possible return that can give him and didn't thought of any risks in gambling a borrowed money. His relatives should take him to a specialist that can help him about his current condition. If he takes a loan again from someone and lose it, it would put his life in danger and also his relatives if the creditor of money will do some bad intention against them.