Title: Escape Debt with Gambling: A Dangerous Cycle Post by: pakhitheboss on February 16, 2024, 12:12:10 PM We all have debts somewhere or the other and we try our level best to repay that debt. While some of us can do it with ease, some of us face issue after issue to repay it. The situation leads us to find alternatives like consolidation loans or shifting existing loans to another bank at a cheaper rate. But what happens when you take a loan from a loan shark due to a bad reputation with banks? They give the loan without any problem at a high interest rate and most of the time it will be a noncollateral loan. Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling.
In my country online gambling to an extent is legal but as we all know the house always wins. He tried multiple online gambling platforms but never made any money. Two days back he called me up and said he found an online casino that had a few bugs as one of his colleague was able to cash out a handsome amount by using some tricks. I won't go into details of those tricks as it was complicated for me to comprehend, what he wanted me to check was to find out whether it is possible to trick the system. He asked me to check the casino and he even gave me his account information to try a few games. I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk. I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: SamReomo on February 16, 2024, 12:17:58 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? I suggest you to give him his account back and tell him that you can't do that for him. It's something totally unethical to exploit bugs of a casino and use those to take advantage of it. It would be much better if you contact that casino and tell them about the bugs so they can fix it and be safe from such exploits. Your friend is basically trying to cheat a casino and he wants you to be involved in that cheating if I'm not wrong. Just go tell him that you can't do that for him. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: pakhitheboss on February 16, 2024, 12:23:22 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? I suggest you to give him his account back and tell him that you can't do that for him. It's something totally unethical to exploit bugs of a casino and use those to take advantage of it. It would be much better if you contact that casino and tell them about the bugs so they can fix it and be safe from such exploits.I have thought about that but considering the financial mess my friend is in now I could not. I have to think about him first rather than the casino as he is married and has two kids. It is not that he is not working both he and his wife are earning a decent amount of salary. The problem started five years back when due to COVID-19 he lost his job and at that time his wife was not working. There are many issues related to this guy who is my friend and some of them cannot be discussed openly in the forum. I appreciate your suggestion, thank you. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: ryzaadit on February 16, 2024, 12:33:02 PM One thing people should avoid
- People who tell you how to get rich - Investment - Someone tell people about gambling tricke. I mean, all human have a (GREED) if my self know about trick and other things make me rich. I don't even tell anybody, not only friend but also my family member (I keep it for my self). Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Oshosondy on February 16, 2024, 12:39:13 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? You want you to help him by giving him money. Is that correct? Or you want you to borrow him money? If he is a good friend and you are able to give him the money without borrowing him, you can. I mean just give him an amount of money that you can afford to give a friend in a way that you can afford to lose such money too when gambling. Definitely he will lose it at last, just know that. I just want you to know that. He is an addict and addicts always lose. If the person is my friend, I will not borrow him or give him any money for gambling.Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: danherbias07 on February 16, 2024, 12:46:29 PM I think it would be best if you take this to the owner of the casino and you might make money by doing that. Then, just share some of that money with him and maybe that will silence him from doing this kind of thing that might get you both in prison or, worse, just you.
There are so many things that can be done to make money, especially in this era, why go to something that would jeopardize your safety? It's also your fault for giving it a thought, he might think you are really interested in the evil project that he wants you to do. Don't give any person an idea that you are interested and they will stop. That's it. Period. Play fair and you will sleep at night better, play unfair and you will have nightmares. I believe in that and karma is such a bitch that it will backstab you whenever you are not ready. Loopholes will always be there, but as human, we have ethics that we try to always follow. I am sure there will be rewards for those who will tell the truth. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: dansus021 on February 16, 2024, 12:48:05 PM the house is always win and the gambling cycle started when you had a big loss and try to deposit with a loan money. that is the started of everything so the best option right now is only do gamble with amount you can afford to lose and with tight budget and stay on the budget.
you know win big and loss big is just part of the gambling story so deal with it. maybe there is a moment we had a big win and can pay everything and buy anything but there are also a moment that we lose so don't get into loan for gambling the dangerous cycle will haunt you Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Jody.Drummer on February 16, 2024, 12:58:11 PM This is the danger when you don't understand what gambling really is, and on the other hand someone can become very aggressive for a reason, such as the situation that your friend is experiencing here where he is experiencing a lot of pressure from the debts he has, urgent circumstances make it difficult for someone to think to consider and find a solution that is really a solution, from the conclusion that I can here is that your friend slipped in thinking due to the pressure that was in his mind so that it made it difficult for him to think and in the end made gambling an alternative to solving the problem.
Another thing, we must understand that after all gambling is not an activity or a place to make money, because after all there is absolutely no certainty at the beginning of the session that can guarantee you to win at the end of the session, and after all gambling is a business founded by the bookie which means they are looking to profit from most gamblers who act impulsively and who try to take advantage of gambling in the wrong way, and this is why we always say that the house will always be the winner. So it's not unreasonable to think of gambling as a way to make money, but unfortunately there are still people who can't think rationally which makes them end up with bigger problems such as the increase in debt that your friend experienced and taking out a loan to gamble with the aim of paying off previous debts is a very silly decision. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: pakhitheboss on February 16, 2024, 12:58:49 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? You want you to help him by giving him money. Is that correct? Or you want you to borrow him money? If he is a good friend and you are able to give him the money without borrowing him, you can. I mean just give him an amount of money that you can afford to give a friend in a way that you can afford to lose such money too when gambling. Definitely he will lose it at last, just know that. I just want you to know that. He is an addict and addicts always lose. If the person is my friend, I will not borrow him or give him any money for gambling.I can give him the money from my pocket and forget it. The problem will remain the same as next time he would expect me to again bail him out. It is not a viable condition he needs to learn about finance the hard way which I am ok with. What he is now asking is another gamble with his life and his family and that is making me insecure as he would either kill himself if this thing does not work out or he would massacre his family and then kill himself. His desperation is real as those loan sharks are now pressurizing him to make the full repayment before the due date or pay them extra within the time frame. I do not want to be part of such situation but I have to help him and that is kind of a messy deal that I am in. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Coin_trader on February 16, 2024, 01:06:05 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? You have no obligation in any form to help your friend on financial needs because he is not your partner or family at least. You already gave him a clear indication that you are not interested on what ever shit he is doing on gambling but he still keeps playing. I have a lot of experience on dealing with person like this and they will never stop badgering you for help unless you answer them a firm NO. Having a hard feelings is inevitable but you should remember that it’s his problem not yours so don’t stress yourself on the problem of others because he is the one who enter that situation without your support. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: acroman08 on February 16, 2024, 01:10:27 PM I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk. just to be clear, your friend is asking to to help him gamble at that casino using the trick he learned so he can pay his debt faster? if my understanding is correct, then don't do it, this is just a disaster waiting to happen, and if the disaster did happen you would be blamed for it(or at least some part of it) and I wouldn't be surprised if your friend asked you to pay some of the money that was gambled.I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Quidat on February 16, 2024, 01:15:22 PM I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk. Just simply tell him that you cant do it, dont tend to force yourself on doing something which you dont really want to do. If you dont like on getting blamed in the end of the line then it would I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? better that you should really ignoring or reject out such request. Tell him that he try other friends that he had because even if he do say that he's that willing to take risks on which its not something that would really be that true. Dont risks your friendship into something which is really just that a temporal agreement because if it might looks okay but on the time that you do bust all of funds that he had on that certain account then for sure there would really be some blaming moments. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Solosanz on February 16, 2024, 01:19:55 PM You made a good decision.
No matter how good he's or how strong your relationship with him, anyone can change whenever they want, so don't expect if they're a nice person when you were in school or university, he will be nice to you after graduation, have a job, have a girl friend, after marriage, or after having a baby. He's just one from many many friends you have, even you don't have other friend, you can find a new friend. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: retreat on February 16, 2024, 01:22:53 PM You don't need to help him by lending him money to pay his debts, because there is a big possibility that the money you lend will be lost in gambling again. Moreover, you don't have the responsibility to help him because you are just friends, so you can cut ties with him if you feel uncomfortable with him. Because a friend like that is not worthy to be called a friend seeing that he seems to want to trap you from the start.
Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: swogerino on February 16, 2024, 01:23:32 PM One thing people should avoid - People who tell you how to get rich - Investment - Someone tell people about gambling tricke. I mean, all human have a (GREED) if my self know about trick and other things make me rich. I don't even tell anybody, not only friend but also my family member (I keep it for my self). I also think to stay away from such happenings.People in the casino chats blame the house for their loses while they are the only responsibles for their money and the way they spend it. I don't think is greed the motivator to pay off debt with gambling rather the belief to try one or two times and see if you hit it big enough,I once thought why not play with 1 dollar bet in slot machine with x40.000 max win and get that 40000 dollars to pay off mortgage yet I lost miserably.There is also no such thing as tricking the system,the house edge is exactly there to prevent this from happening. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: slapper on February 16, 2024, 01:24:14 PM Gambling increases debt, not solves it. The exhilaration of a prospective win blinds you to persistent defeats. Every bet moves closer to financial catastrophe. Your friend is making all the wrong life decisions, and this isn't just about money. He's fighting his desperate decision-making, not a casino. You're involved? He won't find it lifesaving. An anchor will bind you both
He must accept that debt has no shortcuts, certainly not high-risk ones. Stop gambling and face the consequences. Help him find legal debt relief. Encourage him to negotiate debt restructuring, see a financial planner, or talk with creditors. Love is hard, yet he needs it more than ever Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: piebeyb on February 16, 2024, 01:45:13 PM Your friend's biggest mistake was borrowing money from loan sharks and his second mistake was using gambling as a place to pay off his debt there and his third mistake was borrowing more money to gamble, that's clearly a very fatal mistake that can't be helped anymore, actually I also had a friend like that until now he no longer contacted me and heard the news that he was involved in a legal case for committing a criminal act of robbing a shop which ultimately landed him in prison.
Desperate gamblers will usually do anything to achieve their goals. In fact, you are not wrong if you don't answer his calls because later he will continue to ask for your help without wanting to try to change his habits. A gambler who is desperate to gamble just because he wants to pay off his debt will usually return. gambling again, especially if you help him it will definitely be in vain, it's best not to say YES to helping him, in my opinion it's best not to answer his calls because it's for his good in the future so that your friend doesn't make careless decisions and is willing to spend money gambling just to pay off his debt to loan sharks. ;) Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Iroh on February 16, 2024, 01:45:47 PM I do not want to be part of such situation but I have to help him and that is kind of a messy deal that I am in. You don’t have to do anything you don’t want to. You mentioned you want no part of the situation yet you still willingly get involved. What he’s probably going through is the results of not so wise decisions he has made over time. He’s gone and got himself in business with loan sharks. Very understanding when lending money and not so understanding anymore when it’s time for repayment. You wouldn’t want to get involved with such characters. It’s truly admirable wanting to help out the person you consider a friend. While helping a drowning man, You’ve got to be careful not to drown also. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Helena Yu on February 16, 2024, 01:47:30 PM You can try to tell him to stop gamble or seek a help to professional, if he don't listen to you, then you need to avoid to interact with him.
One thing people should avoid For investment it's subjective.- People who tell you how to get rich - Investment - Someone tell people about gambling tricke. I mean, all human have a (GREED) if my self know about trick and other things make me rich. I don't even tell anybody, not only friend but also my family member (I keep it for my self). If someone offer a private investment to start a business, startup, robot trading etc, definitely it's high chance they will scam. But if they talk about investment in general, without recommend you or asking you to invest into a specific asset, that's a good friend and he's not a scammer. However you're correct for not telling anybody how to get rich because they will envy and beg for money. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: asyakashi on February 16, 2024, 01:55:46 PM This is a real thing and very dangerous if someone just hopes to double their money instantly, if I were in your position, I would not help him and take risks because I know that action will make the situation worse, it's best just to say that you are not willing
Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: robelneo on February 16, 2024, 01:56:25 PM I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk. I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? You did the right thing I would have done that also, I don't need this kind of friend who will put me in this kind of trouble, he should be man enough to owe to his mistake and not drag you, you don't need this kind of friend, I am a responsible gambler and I don't want to part of problems caused by friends who are addicted to gambling, don't reply and take your time if you agreed to be part of the problem you will just regret it, and if your wife if you have one, will get angry at you for taking part with your friend's problem. When it comes to gambling it's to each their own, you create your problem you solve it, and don't drag other people, he cannot be considered a friend so better to stay away from him. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: noormcs5 on February 16, 2024, 02:04:51 PM In my country online gambling to an extent is legal but as we all know the house always wins. He tried multiple online gambling platforms but never made any money. Two days back he called me up and said he found an online casino that had a few bugs as one of his colleague was able to cash out a handsome amount by using some tricks. I won't go into details of those tricks as it was complicated for me to comprehend, what he wanted me to check was to find out whether it is possible to trick the system. He asked me to check the casino and he even gave me his account information to try a few games. I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk. I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? As i understand this, you mean to say that your friend invested a lot money in those gambling games that he thought could be won with a trick ? Is it so ? If yes, then what happened to that trick or the casino corrected the bugs etc ? I guess, he have been fooled by the casino, as no casino will let you win with a trick of anything like that. If this was really a loop hole in the casino, then for sure, the casino must have lost everything by now. Seems like your friend might have won few games and thought he can win more by following any strategy and as soon as he played with the big amount, he lost everything. For the advice of giving him loan to pay his debt, if would say to check his financial status as if he has any job or regular income. If so, you can help him pay off debt but remember that only do this if you think he is trustful and pay you back once he gets money. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Wiwo on February 16, 2024, 02:07:43 PM First ask yourself, whether or not what he is doing is right or wrong and taking advantage of a bug to abuse a casino is an entirely wrong action and at that if you are caught you may lose more than you won.
Secondly, if he finds a bug as you said, and has a hard loan of cash out from the site, why then is he still broke to the point of requesting for financial help from you? You need to be very careful and not to risk what you may not afford to lose since he has already convinced you to a certain level right now, and you feel that the mechanism is working. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Frankolala on February 16, 2024, 02:38:27 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? You want you to help him by giving him money. Is that correct? Or you want you to borrow him money? If he is a good friend and you are able to give him the money without borrowing him, you can. I mean just give him an amount of money that you can afford to give a friend in a way that you can afford to lose such money too when gambling. Definitely he will lose it at last, just know that. I just want you to know that. He is an addict and addicts always lose. If the person is my friend, I will not borrow him or give him any money for gambling.I can give him the money from my pocket and forget it. The problem will remain the same as next time he would expect me to again bail him out. It is not a viable condition he needs to learn about finance the hard way which I am ok with. What he is now asking is another gamble with his life and his family and that is making me insecure as he would either kill himself if this thing does not work out or he would massacre his family and then kill himself. His desperation is real as those loan sharks are now pressurizing him to make the full repayment before the due date or pay them extra within the time frame. I do not want to be part of such situation, but I have to help him and that is kind of a messy deal that I am in. He needs to learn how to manage his finance to avoid setbacks in life, because taking loans from loan sharks or from banks are big setback and sometimes, this loan keep on piling up interest and some people end up not paying it till they live the earth. I don't know why he put himself into this dip mess. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: coin-investor on February 16, 2024, 02:44:34 PM I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk. I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Obviously you're friend is taking advantage of you, its also obvious that he is lying so don't partake of his misery by declining to help him, you don't own him anything when it comes to gambling even if you owe him money he doesn't have the right to do this. Gambling is a risky business there's no guaranty even if he told you 100% that he found a bug, the casino has a way to flag an account with unusual winning, don't think that you are wiser than a casino, don't assume that you can beat a casino, because before you can withdraw your winning they check and verify if the winning is done in a natural way, not coming from cheating or bugs. so what you're friend is asking you is very risk don't let him drag into it and save yourself. Its ok to help a friend but not in cheating a casino, there are a lot of ways that you can prove you are a good friend advising him what is right and wrong proved that you are a caring friend. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Porfirii on February 16, 2024, 03:06:05 PM <...> -snip-Gambling is a risky business there's no guaranty even if he told you 100% that he found a bug, the casino has a way to flag an account with unusual winning, don't think that you are wiser than a casino, don't assume that you can beat a casino, because before you can withdraw your winning they check and verify if the winning is done in a natural way, not coming from cheating or bugs. so what you're friend is asking you is very risk don't let him drag into it and save yourself. Its ok to help a friend but not in cheating a casino, there are a lot of ways that you can prove you are a good friend advising him what is right and wrong proved that you are a caring friend. Cheating a casino is not only forbidden but also illegal in most jurisdictions (it's just another form of scam), and as quoted, even if in yours it isn't, so many things can go wrong. He's your friend, but you shouldn't participate on that: too many chances for something to go wrong. Sorry to tell you the obvious, but your friend doesn't seem a sensible person, and he's also immoral. Better go and get new (better) friends. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Blitzboy on February 16, 2024, 03:08:43 PM Loan sharks and internet gambling? That combination would make anyone queasy. You have a pal in trouble, seeking a lifeline. First, good job not rushing his idea. It reveals your character. Now, to the point: gambling, especially when perceived as a lifeline, is like gasoline on a fire. Fun and games until it's not. Although 'beating the system' is appealing, casinos don't lose
Your perspective on not helping him gamble is correct. You can pivot here. Instead of abandoning him, suggest professional aid. The mindset behind debt is just as important as the money. There are ways to face it without risking everything. Encourage him to consult a financial expert about debt management. We're not ashamed to ask for aid. Don't forget to support gambling's enjoyment, within reason. Finding balance, setting limits, and folding is key Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Assface16678 on February 16, 2024, 03:13:27 PM First ask yourself, whether or not what he is doing is right or wrong and taking advantage of a bug to abuse a casino is an entirely wrong action and at that if you are caught you may lose more than you won. True, abusing a button or glitch in a website, especially in a casino, may result in a permanent ban. It will be worse because you will not be able to play again, and the funds you currently have may be locked as you are banned from the website. And also, if the Caisno owner decides to sue you, then it will be much worse. Secondly, if he finds a bug as you said, and has a hard loan of cash out from the site, why then is he still broke to the point of requesting for financial help from you? You need to be very careful and not to risk what you may not afford to lose since he has already convinced you to a certain level right now, and you feel that the mechanism is working. Why is he still broke? Because taking advantage of a website or casino will not bring you any further, you see, gambling is gambling; no matter what you do, you will always lose, and at worst, the OP does a loan, which could add to a bigger problem. A loan or borrowing money from others should be avoided, especially if you will only use it for gambling. You are just adding to your problem even more. Also, don't hope that gambling may be the answer to a financial problem or that it could help you in life. Yes, if you are lucky enough, that's not always the case. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Zoomic on February 16, 2024, 03:24:30 PM We all have debts somewhere or the other and we try our level best to repay that debt. While some of us can do it with ease, some of us face issue after issue to repay it. The situation leads us to find alternatives like consolidation loans or shifting existing loans to another bank at a cheaper rate. But what happens when you take a loan from a loan shark due to a bad reputation with banks? They give the loan without any problem at a high interest rate and most of the time it will be a noncollateral loan. Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling. In my country online gambling to an extent is legal but as we all know the house always wins. He tried multiple online gambling platforms but never made any money. Two days back he called me up and said he found an online casino that had a few bugs as one of his colleague was able to cash out a handsome amount by using some tricks. I won't go into details of those tricks as it was complicated for me to comprehend, what he wanted me to check was to find out whether it is possible to trick the system. He asked me to check the casino and he even gave me his account information to try a few games. I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk. I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Your friend is just irresponsible and has a very poor knowledge of financial management. I am just curious to know, wouldn't the money he invested in gambling be enough to payoff all or part of his debts from the loan shark? He should pay off his debts first before investing in gambling he is never benefiting from. Your friend is indeed on a dangerous circle and will incur more debts if he doesn't stop gambling for a while. Your friend is wrong for trying to take advantage of you and for trying to use tricks on casino sites but I will not advice that you ignore him now that he needs you. Try finding out what he's up to and why he keeps accumulating debts. If you find anything reasonable about his debts, try rendering help anyway you can but if he's just being irresponsible, let him be. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: qwertyup23 on February 16, 2024, 03:42:28 PM One thing people should avoid - People who tell you how to get rich - Investment - Someone tell people about gambling tricke. I mean, all human have a (GREED) if my self know about trick and other things make me rich. I don't even tell anybody, not only friend but also my family member (I keep it for my self). I find it funny that there are people who still fall onto these tricks even at this day and age. I mean, everyone should be aware that if a person randomly messages you telling their "secret sauce" to get rich, that should already spark a red flag for you. Assuming that he DOES have the secret to be rich, then why share it in the first place? I am a firm believer that there is nothing free in this world- everything has a fair equivalent of something. Again, just to reiterate, there is no such thing as free things. If someone approaches you telling to invest into a certain project with very high yield, then avoid it completely. If someone messages you for an investment, be doubtful and research about it. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Cantsay on February 16, 2024, 03:44:17 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Al I can see here is your friend trying to dig a shallow hole deeper - Just as others have suggested, give him back his account, advise him that despite the bug there’s still a possibility that he’ll lose his money. This is one of the worse things that anyone who’s involved in gambling can do; which is wanting to multiply their money through gambling so as to pay dept, this is him just being desperate nothing more and if care is not taken that your friend can even go to the extent of involving in unethical behavior just to secure the money he’s going to use to pay back his debts. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Fiatless on February 16, 2024, 03:48:55 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Helping someone to defraud a system is a criminal offense. You cannot engage in criminal activities because you want to help a friend. It will be dangerous to help a close friend have access to a steal from an account because you know the password. He shouldn't force you to commit crime, that's not true friendship.I will suggest you refuse his plea and help him to stop overgambling. Another problem is that gambling is not also sure, which means there is no certainty that you will be able to cheat the system and recover his losses. If you try to help him and you lose all his money, you have contributed to his downfall. He might even plan you for his losses. If you also become successful and recover his loss you might be traced and arrested for cheating or criminal activity. Let him sort out his gambling problems and seek alternatives means of settling his debts. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: cabron on February 16, 2024, 03:55:02 PM When a man in need calls someone either a best friend or a brother, this someone is his last resort. Seeing that he is considering exploiting a bug, he already put all his hopes for it. If there is just an easier bank to rob he would have done it already as this is the same life-threatening situation having a huge debt from a loanshark. Those guys will bring your friend to a clinic to remove his kidney and other organs to be sold. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Queentoshi on February 16, 2024, 04:03:58 PM Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling. Gambling is never a way to raise income especially when you intend to clear off a loan with debt. If you try to use gambling to raise money for clearing of debts you only end up spending more money and losing more, which is money that should have been saved up to at least have the hope that you have started gathering money back to pay any loan you collected. Your friend could have sort out other ways like looking for quick jobs to earn some little money, or even sell off some home items that they may not need in the worst case to clear their problem.I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? You can help him pay the debt, if you can, but he will have to pay you back and have to stop gambling. By helping him pay the debt, you are trying to see that he does not get too addicted to gamble or continue gambling as a way to raise money.Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Fortify on February 16, 2024, 04:09:54 PM We all have debts somewhere or the other and we try our level best to repay that debt. While some of us can do it with ease, some of us face issue after issue to repay it. The situation leads us to find alternatives like consolidation loans or shifting existing loans to another bank at a cheaper rate. But what happens when you take a loan from a loan shark due to a bad reputation with banks? They give the loan without any problem at a high interest rate and most of the time it will be a noncollateral loan. Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling. In my country online gambling to an extent is legal but as we all know the house always wins. He tried multiple online gambling platforms but never made any money. Two days back he called me up and said he found an online casino that had a few bugs as one of his colleague was able to cash out a handsome amount by using some tricks. I won't go into details of those tricks as it was complicated for me to comprehend, what he wanted me to check was to find out whether it is possible to trick the system. He asked me to check the casino and he even gave me his account information to try a few games. I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk. I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? It's illogical that a casino would survive very long at all, they are in the business to make money and would quickly identify any accounts that are withdrawing substantial amounts because that is highly suspicious behaviour from the company perspective. People who dig themselves into a hole when it comes to gambling can start to make up all sorts of illusions in their own mind and even try to trick others into supporting their habit further. It sounds like your friend has fell down that hole and is trying to get your money to extend their losing streak. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Huppercase on February 16, 2024, 04:25:03 PM We all have debts somewhere or the other and we try our level best to repay that debt. While some of us can do it with ease, some of us face issue after issue to repay it. The situation leads us to find alternatives like consolidation loans or shifting existing loans to another bank at a cheaper rate. But what happens when you take a loan from a loan shark due to a bad reputation with banks? They give the loan without any problem at a high interest rate and most of the time it will be a noncollateral loan. Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling. I personally don't owe anyone and I'm not indebted to any person. I don't owed a debt and I'm proud of my financial status right now. Your friend made a wrong move and he is not just a chronic gambler, he is a dishonest person who don't fulfill his promises because I don't understand why you will take loan and then you don't fulfill the obligation to payback after given you what you want. Loan shark are not the type to joke with else he wouldn't have resort to gambling as alternative but he knows how dangerous they are in loan business. Quote I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Some people can't be save even if you want to save him, they will use their own to taint you. Since you have made your own investigations and found out that there is red flags in what he has done. Simply abandoned him and don't reply him or change the subject of discussion. I don't think there is anyone that should force you to do what you aren't interested in, you should just change your body language. I'm sure with that altitude, he will change and look for another alternative and if he failed, nobody will tell him to back out but he will pull out own his own. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: EluguHcman on February 16, 2024, 04:32:36 PM I think the contexts of this thread is about how the OPs friends needed to take advantage over the Trish tactics to win in the gambling sites and so that he could pay his debt. This is where I specially want to emphasize.
OP, I expected you to be inquisitive when he told you of a gambler gambles and wins with tricks. You should had given it benefits of doubts to check that out maybe if it true, then it is not a wrong ideal tricking the gambling site so win. There is no conscience for gambling sites as much as they don't have conscience over the gamblers. How much you bets and looses belongs to the gambling sites and how much you wins belongs to you so, if there is a rumour on how a gambling site can be tricked to count winning should be a welcomed development for the gamblers. Although, I know that it is not possible but yet no harm checking it out when you heard of it. It should be believed that your indebted gambling friend counts on you as much as he believes your capacities. So, if the so trick winning he told you about isn't valid after you access on the site, then you can as much let him know that bro, let go off the trickish winning strategy because it doesn't work out. Else, due to how he is being flexible to be influenced by rumours, he would keep hitting on that so tricks that even if he doesn't win, he would still keep pushing on with the fake trickish rumours and yet he would keep loosing. At that point of contact of you and him, you can as well advice him to limit his gambling forces because it had paid him no good but looses beyond his affordability. With the trust I feel he has for you, you can help him out by guidance of advices. You just can't be short of words with him over this. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Rockstarguy on February 16, 2024, 04:39:23 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Borrowing money or to give him money for free won't change anything about him and will not allow him to learn lesson for next time. People who are addicted learn their lesson in hard way. If I'm to be op I won't involve myself into is situation because borrow him money will make him to take things for granted and to make him to be addicted the more.You don't need to be worried if you don't have the money help your friend or if you are scared of risking your money which can end up to be lose at last. Involving yourself to is matter can be a problem to you later on , this is not something that you need to bother yourself with his addiction problem. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: DubemIfedigbo001 on February 16, 2024, 04:47:31 PM I know very well that nothing said here will change your mind if its made up to do anything, but I just want to remind you that its good to be upright in your dealings especially if it has the well being of others in contemplation. And whatever we do to others have a way of coming back at us whether good or evil. You exploit someone today, you get exploited tomorrow. I perfectly understand you friend's plight as he's under a lot of pressure now and needs your help to settle his bills, but that doesn't change the fact that what is evil, is evil and you're not picking his calls is your way of trying to stay out of the temptation of granting his wish.
You need to confront him ASAP and let him know of your unwillingness to execute such task. If I have learnt something in this life, I have learnt that running away doesn't solve a problem, rather it makes it worse. The earlier you tell him of your stand, the better for you. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: borovichok on February 16, 2024, 04:52:36 PM You cannot escape debt from gambling but ignoring his call is not the right time. Tell him the reality. It is essential to understand that gambling is a game of chance and uncertainty, and there is no guarantee that one will win enough money to pay off debts. The gambler is more likely to lose money than to win. Gambling to pay debt can lead to a cycle of addiction where individuals continue to gamble in the hope of winning enough money to pay off debts and this can result in further accumulation of debt, as the individual may struggle to manage their finances and may resort to borrowing more money or neglecting other financial obligations.
Advise your friend that instead of gambling with the hope of paying off debt, he should essentially explore alternative strategies for debt management such as creating a budget and sticking to it and ensuring that essential expenses are covered first and discretionary spending is minimized. This can help him to better manage his finances and avoid accumulating further debt. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Davidvictorson on February 16, 2024, 05:09:47 PM Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling. I am sorry to sound harsh but it is either your friend doesn't have good advisors around him or he chooses not to listen to the advice from his friends. Because if he does, then he'll know that the worse way to pay back a loan is through gambling. The best way to repay a loan is to liquidate an asset. We all have something that is precious that can be liquidated to repay a loan. Another way is to get a job that pays daily or biweekly. He can work as a helper in a construction site and get paid at the end of each day's work.Quote I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Do not help your friend out of this mess. He has to own up to it and fix it himself if not there will be no lesson learned at the end of it. It is not being wicked it is because you love that he has to learn this lesson the hard way. Stay strong and do not allow yourself to be emotionally blackmailed. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: ajiz138 on February 16, 2024, 05:32:51 PM You try to tell him that you can't help pay off the huge debt, even if you play the account, you won't necessarily win because we know the casino house will win.
People who are in debt because of gambling, their last resort is to ask for help from their close friends, so you will feel pressured because you keep asking how to pay off the debt, maybe he is also waiting to feel that you feel sorry for him, maybe you can say like a beggar who keeps asking for help even though in this case it is quite complicated. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Marykeller on February 16, 2024, 05:59:45 PM There are characters some friends would display at times, you will begin to feel furious about it, of why they are involving you in their mess when they have already done a stupid deed. They won't involve you when the deed hasn't been done but will involve you when they have problems.
What I hate most about helping friends in need is that, once you start coming to their rescue when they need financial aid, it never stops, the help continues until you dare to say no, not to help them. Apart from that, they keep pressuring you to help. I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? You want you to help him by giving him money. Is that correct? Or you want you to borrow him money? If he is a good friend and you are able to give him the money without borrowing him, you can. I mean just give him an amount of money that you can afford to give a friend in a way that you can afford to lose such money too when gambling. Definitely he will lose it at last, just know that. I just want you to know that. He is an addict and addicts always lose. If the person is my friend, I will not borrow him or give him any money for gambling.I can give him the money from my pocket and forget it. The problem will remain the same as next time he would expect me to again bail him out. It is not a viable condition he needs to learn about finance the hard way which I am ok with. What he is now asking is another gamble with his life and his family and that is making me insecure as he would either kill himself if this thing does not work out or he would massacre his family and then kill himself. His desperation is real as those loan sharks are now pressurizing him to make the full repayment before the due date or pay them extra within the time frame. I do not want to be part of such situation but I have to help him and that is kind of a messy deal that I am in. I am not suggesting you not to help your friend but I want you to learn how to say no, to certain things. Not everything that requires a helping hand always. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Juse14 on February 16, 2024, 06:00:01 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? The name of gambling is full of uncertainty, so only fools who gamble beyond the budget limit are ready to lose it, and place bets from borrowed money. Moreover, if you take a loan from a loan shark, the interest rate is very high, it can reach 20-30%. It's really stupid because this will only increase the losses experienced. Connecting with loan sharks will only make us suffer more. "lending money to a gambling addict is the same as encouraging his bad behavior to continue." And I think you have the right to refuse this request, because we are not super heroes who can help everyone. so you don't need to hesitate to reject it and say "sorry I can't help you." although maybe later your friends will feel disappointed and then hate you. because sometimes we also need to be a little selfish for our own good. "Stop...!! feeling bad" because we also need to pay attention to ourselves. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: electronicash on February 16, 2024, 07:06:27 PM if you pay his account and lose, you will be blamed by your friend for losing the money. and he may just drag you to the loansharks being your fault. it is in his interest to escape from the loansharks and he may find you part of his escape plan. while you can help him by just giving him the right advice, just leave the account alone. always be ahead of what the other guy is thinking. while gambling the money meant to pay debt, loanshark learning about you gamble the money will make them furious. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: salad daging on February 16, 2024, 07:14:08 PM I have friends who are victims of loan sharks with high interest rates even though without collateral and disbursing money more easily still have high interest rates that do not make sense, because in an emergency they are forced to borrow from loan sharks, why not borrow from banks because they do not want the collateral they want, so one of the last resort is loan sharks.
It is wrong to lend money to loan sharks with high interest rates and then use the money for gambling games, so you can say that people are stupid, only thinking about their own addiction without thinking about the risk of losing all their money because we know that gambling is luck so you will not be sure when you win. Avoid people like this because it will be a burden for you, I know you have a generous heart because you want to help him maybe but still when people are already involved from gambling it will be difficult to advise him. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: bitvalak on February 16, 2024, 07:30:03 PM It's better to avoid it, you will never know how big your potential gambling win is even though you know there are bugs there that you can exploit to find a win.
Let your friend fend for himself with his responsibilities, you have no obligation to help him unless you don't mind interfering with the problems he is facing. People like this will usually give you trouble in the future, because they feel like they have someone they can rely on for difficult situations. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Quidat on February 16, 2024, 07:30:31 PM You try to tell him that you can't help pay off the huge debt, even if you play the account, you won't necessarily win because we know the casino house will win. On calls of desperation then it isnt really shocking that people would really be sticking into those options on which they could see that it is the fastest and easiest way on which they have beenPeople who are in debt because of gambling, their last resort is to ask for help from their close friends, so you will feel pressured because you keep asking how to pay off the debt, maybe he is also waiting to feel that you feel sorry for him, maybe you can say like a beggar who keeps asking for help even though in this case it is quite complicated. able to missed up on thinking about the risks involved specially with gambling.Yes, it could possibly give out that opportunity knowing that gambling could give out that instant and possible big amounts once you do be able to win but thinking up realistically then this is something that odds is always against you. House do always win at the end or simply that gambling isnt something that you could be always having the luck on winning up the game. So i would say that it isnt really that worth on taking up the risks. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: coolcoinz on February 16, 2024, 07:38:56 PM It depends on how close you two are because you can either help or not. I honestly don't know what I'd do.
I find the situation a bit funny though since he found a bug in the casino and is trying to scam them to get back the money he lost and despite knowing that bug and taking money from the casino, he's still down a lot. He won't make it. Even if they haven't noticed what he's doing, they will by the time he gets everything back and block his withdrawals, so he can try but I think that he will still be at a loss when dust settles. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: topbitcoin on February 16, 2024, 07:53:30 PM .......... I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? What you and your friends are facing is a quite complex and challenging situation. What's more, your friend is associated with a loan shark, where when you borrow money from a loan shark at a higher interest rate, this can drag your friend into a debt cycle that is difficult to resolve, especially if the money borrowed is used for gambling and placing bets. And maybe at first glance helping your friend to pay off his debt is a good and noble act, but following the advice to use a trick with the aim of cheating the online gambling system, is not a good enough solution. Because this could get you and your friends into quite serious problems. In this case you must be able to say honestly what you feel, if you feel unable to help then just say so. It is important to remain honest with yourself and your friends in understanding your limitations in providing assistance. Because you are not a god who can answer all the requests of his servants. Providing emotional support and sound advice is in my opinion the best thing you can do. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Ultegra134 on February 16, 2024, 08:01:34 PM First of all, it stinks to be in that position because, on the one hand, you feel bad for him and want to help him, but on the other hand, you don't want to get involved. From my understanding, he's asking you to take advantage of a bug at a casino and cash out as much money as possible. Am I right? I would strongly advise against this as it's likely to get you in trouble, and I'm almost certain that it's also written in their TOS that they don't tolerate taking advantage of such bugs.
I personally wouldn't help him; he dug his own hole, and it'd be safer to not get involved; he'll drag you down as well. Don't lend him any money either; it's a guaranteed loss. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: suzanne5223 on February 16, 2024, 08:28:51 PM what do you guys suggest? The person in the subject problem started from an inpatient habit which I believe is what led him/her to request a loan from a loan shark and see gambling as a means for him/her to pay the loan when the technical concept of winning in gambling is not guaranteed based on the house edge.If you borrow him/her the money requested to pay the loan, I want you to keep in mind that he won't pay you back. However, you need to advise him/her about being cool, and calm and making the right decision in a situation not to add more problems. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Sandra_hakeem on February 16, 2024, 09:01:28 PM I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him.Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk. skepticism was one of the most proficient weapons you would have used to stoop below the request.. but sadly, you weren't even convinced that he was definitely on the wrong path.... What more should I have listened to after he ruined his own little cash before my very eyes?Trying to wager on casinos with the high hopes of winning and paying off some debts would be the dumbest choices to make... If you've got a little cash, why not try to round up everything and see how you'd repay people's loan? Sandra 🧑🦰 Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: AmoreJaz on February 16, 2024, 09:18:22 PM First of all, it stinks to be in that position because, on the one hand, you feel bad for him and want to help him, but on the other hand, you don't want to get involved. From my understanding, he's asking you to take advantage of a bug at a casino and cash out as much money as possible. Am I right? I would strongly advise against this as it's likely to get you in trouble, and I'm almost certain that it's also written in their TOS that they don't tolerate taking advantage of such bugs. I personally wouldn't help him; he dug his own hole, and it'd be safer to not get involved; he'll drag you down as well. Don't lend him any money either; it's a guaranteed loss. as he already knows his friend, then, be firm with his decision. tell him straight that he won't be helping him do what he wanted to do. because if he will see you that you are strong with your position, maybe he won't bother you anymore. you already know that taking advantage of the bug inside the casino may possibly lead you to trouble. so before it happens, why not stop him for this and not connive with his plans? It depends on how close you two are because you can either help or not. I honestly don't know what I'd do. I find the situation a bit funny though since he found a bug in the casino and is trying to scam them to get back the money he lost and despite knowing that bug and taking money from the casino, he's still down a lot. He won't make it. Even if they haven't noticed what he's doing, they will by the time he gets everything back and block his withdrawals, so he can try but I think that he will still be at a loss when dust settles. he's traversing a dangerous path here. and high likely that if the OP will try to jump on what his friend asked him to do, will possibly lead to some trouble that he may regret. so better not to go on such path that you think will give you a headache later on. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: goaldigger on February 16, 2024, 09:25:59 PM It's better to avoid it, you will never know how big your potential gambling win is even though you know there are bugs there that you can exploit to find a win. This is why I also limit myself on helping my friends because I don't want to feel that I'm responsible for them, and I can only suggest what to do next. Debt is your biggest enemy in achieving financial freedom and if you are going to gamble for the hope of winning big, then you are just increasing the risk of getting into more debt where you can be trap. Gambling is not a good source of money honestly because in gambling there's no assurance that you can get back your capital because of the big risk and a lower probability to win. Let your friend fend for himself with his responsibilities, you have no obligation to help him unless you don't mind interfering with the problems he is facing. People like this will usually give you trouble in the future, because they feel like they have someone they can rely on for difficult situations. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Weawant on February 16, 2024, 09:30:28 PM The name of gambling is full of uncertainty, so only fools who gamble beyond the budget limit are ready to lose it, and place bets from borrowed money. Moreover, if you take a loan from a loan shark, the interest rate is very high, it can reach 20-30%. It's really stupid because this will only increase the losses experienced. Connecting with loan sharks will only make us suffer more. Firstly why would some one even go and get loan from a loan shark only to use such to gamble a d hope that they will be able to payback probably from the profit they will be making from their gambling profits, it's very unreasonable to even think of such a thing that you will gamble with money you borrowed and then be able to repay."lending money to a gambling addict is the same as encouraging his bad behavior to continue." And I think you have the right to refuse this request, because we are not super heroes who can help everyone. so you don't need to hesitate to reject it and say "sorry I can't help you." although maybe later your friends will feel disappointed and then hate you. because sometimes we also need to be a little selfish for our own good. "Stop...!! feeling bad" because we also need to pay attention to ourselves. Gambling even with the best strategy doesn't guarantee a 20-30% profit so I don't understand how some one will risk such when they know they will not be able to make it because gambling doesn't give assurance in any of such forms so why then will you take such risk, it's absolutely foolish a d not reasonable to get a loan for the purpose of gambling, if it's to invest in a profitable and promising business that can be acceptable but for gambling it's totally out of it. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: carlfebz2 on February 16, 2024, 09:59:23 PM The name of gambling is full of uncertainty, so only fools who gamble beyond the budget limit are ready to lose it, and place bets from borrowed money. Moreover, if you take a loan from a loan shark, the interest rate is very high, it can reach 20-30%. It's really stupid because this will only increase the losses experienced. Connecting with loan sharks will only make us suffer more. Firstly why would some one even go and get loan from a loan shark only to use such to gamble a d hope that they will be able to payback probably from the profit they will be making from their gambling profits, it's very unreasonable to even think of such a thing that you will gamble with money you borrowed and then be able to repay."lending money to a gambling addict is the same as encouraging his bad behavior to continue." And I think you have the right to refuse this request, because we are not super heroes who can help everyone. so you don't need to hesitate to reject it and say "sorry I can't help you." although maybe later your friends will feel disappointed and then hate you. because sometimes we also need to be a little selfish for our own good. "Stop...!! feeling bad" because we also need to pay attention to ourselves. Gambling even with the best strategy doesn't guarantee a 20-30% profit so I don't understand how some one will risk such when they know they will not be able to make it because gambling doesn't give assurance in any of such forms so why then will you take such risk, it's absolutely foolish a d not reasonable to get a loan for the purpose of gambling, if it's to invest in a profitable and promising business that can be acceptable but for gambling it's totally out of it. 1. Gamble with loan money 2. Selling out property to gamble 3. Risking your savings or emergency funds 4. All in with your monthly salary On the time that you would really be doing such actions then you are just basically putting up yourself on such great trouble. This is why it would really be that important that you should really be that be wary on the things that you are dealing with and act accordingly on which you do know that you cant really be able to make yourself having such bad decisions. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Agbamoni on February 16, 2024, 10:10:33 PM Hope at the end of the day he blames you for the loss. Before you make any decision, you have to be sure that you know how close you are with your friend. so that your good deeds wont later in the future bring about hatred and enemity between the both of you. Infact what i would prefer if was in the situation is that i will tell him that if anything goes wrong i won't be responsible for the loss as he is willing to take the risk though me, he has to take the consequences if i am unable to make wins in the bet. A signed agreement would be appreciated and some witnesses so that it will back the agreement that has been made.
Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: bangjoe on February 16, 2024, 10:13:10 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? My advice, call your friend back, and tell them that you can't help them right now. Because this is too risky and can lead you to more complicated problems that can harm yourself. And here it's not that I forbid you from doing good, but you also need to pay attention to yourself. and never forget that you also need help, your own problems need to be solved. You can't make everyone happy by continuing to help them when they have problems, and you are not responsible for that, because you yourself need to be happy. Stop making your life difficult by involving yourself in other people's problems. "You can and may be a helper, but never forget how important it is to set boundaries to do this for your own good." Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: serjent05 on February 16, 2024, 10:24:14 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Just stand on what you believe in. Since the thing your friend asking is against your norms, you can frankly tell him that you can't help him and you are not into that kind of activity. If he is your friend, he will understand you and will not pester you to do things against your standard. Just be true to yourself and don't just do things because your friend asked you to. You know you are right that it is not good to cheat or do bad things just to make a friend happy, so be firm with it. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Westinhome on February 16, 2024, 10:33:34 PM What you and your friends are facing is a quite complex and challenging situation. What's more, your friend is associated with a loan shark, where when you borrow money from a loan shark at a higher interest rate, this can drag your friend into a debt cycle that is difficult to resolve, especially if the money borrowed is used for gambling and placing bets. And maybe at first glance helping your friend to pay off his debt is a good and noble act, but following the advice to use a trick with the aim of cheating the online gambling system, is not a good enough solution. Because this could get you and your friends into quite serious problems. In this case you must be able to say honestly what you feel, if you feel unable to help then just say so. It is important to remain honest with yourself and your friends in understanding your limitations in providing assistance. Because you are not a god who can answer all the requests of his servants. Providing emotional support and sound advice is in my opinion the best thing you can do. The gambler who want to gamble by getting the loan is not the recommended one.Because the game was not in the hand of the gambler,if they use the money from the loan.Surely the gamblers get the emotional in every game,when the initial dollar was reduced the gambler will start to worry about of being loss their money in to the gambling site.The gamblers who take loan from the loan shark will need to pay the extra interest for the loan,if the loan repayment duration was increased because of the loss of their money into gambling site.Your friend should avoid of playing the gambling with the loan is my personal opinion to avoid huge loan in a row. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Docnaster on February 16, 2024, 10:40:22 PM I've read everything the OP said and I think the driving force behind your friend's decision to look for easy ways to bug the casino is because he simply wants to win big and settle his debts but that's actually not the best way to settle debts accrued through gambling.
When a gambler is trying to win big in gambling to settle his debts, his mind is ever ready to engage in any sort of illegality just to make sure he achieves his aim and in most cases, they end up losing more fortunes than they had lost before. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Dewi Aries on February 16, 2024, 10:41:19 PM the house is always win and the gambling cycle started when you had a big loss and try to deposit with a loan money. that is the started of everything so the best option right now is only do gamble with amount you can afford to lose and with tight budget and stay on the budget. That's right, no gambler can beat the house, the casinos create the systems and they apply the algorithms to every game that is provided, overall gambling is set up to benefit the house and that means that whatever you do as a way to get a win is all for naught and you will only end up with a huge amount of losses, I'm not saying you can't win because if at certain times luck comes along then you can also win like others but maybe not as often as you would like. And gambling with borrowed money or gambling with the aim of paying off debts you have is a very reckless or even stupid idea and action, gambling is not created to solve financial problems because this is a probability activity that only provides "possibilities".you know win big and loss big is just part of the gambling story so deal with it. maybe there is a moment we had a big win and can pay everything and buy anything but there are also a moment that we lose so don't get into loan for gambling the dangerous cycle will haunt you So as you said that what is allowed and recommended is to gamble with your own money and with an amount that you can afford to lose, everyone does not like to lose but when you want to engage in gambling then you have to be prepared to lose anyway, and the point is that gambling with borrowed money to pay off debt is not a solution but it is a new way to end up in a worse situation. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Oilacris on February 16, 2024, 10:43:18 PM What you and your friends are facing is a quite complex and challenging situation. What's more, your friend is associated with a loan shark, where when you borrow money from a loan shark at a higher interest rate, this can drag your friend into a debt cycle that is difficult to resolve, especially if the money borrowed is used for gambling and placing bets. And maybe at first glance helping your friend to pay off his debt is a good and noble act, but following the advice to use a trick with the aim of cheating the online gambling system, is not a good enough solution. Because this could get you and your friends into quite serious problems. In this case you must be able to say honestly what you feel, if you feel unable to help then just say so. It is important to remain honest with yourself and your friends in understanding your limitations in providing assistance. Because you are not a god who can answer all the requests of his servants. Providing emotional support and sound advice is in my opinion the best thing you can do. The gambler who want to gamble by getting the loan is not the recommended one.Because the game was not in the hand of the gambler,if they use the money from the loan.Surely the gamblers get the emotional in every game,when the initial dollar was reduced the gambler will start to worry about of being loss their money in to the gambling site.The gamblers who take loan from the loan shark will need to pay the extra interest for the loan,if the loan repayment duration was increased because of the loss of their money into gambling site.Your friend should avoid of playing the gambling with the loan is my personal opinion to avoid huge loan in a row. you are unlucky and you would definitely lose and this is something that cant be changed. If you are lucky then you would be winning. Better not to take off the deal on playing on behalf with your friend. It is really just that sad that there would really be people who do keeps on chasing their loses on which they didnt really have been able to think up well on how they should really be considering on stopping to prevent further loss. Its never been good on making yourself chasing up those negative because the more you do it, the more it would be getting deeper. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Natsuu on February 16, 2024, 10:54:16 PM Hey just be straight with your friend. Let him know messing with online casinos is risky and it could make things worse. Suggest seeking professional advice on handling debts or exploring legal alternatives instead. Gambling might seem like a quick fix but it often ends up causing more trouble. Encourage him to make responsible choices for a better long-term solution
Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Rruchi man on February 16, 2024, 10:59:30 PM ~ Some Gamblers actually are lucky that they win big and are able to clear off their debts through gambling, but the chances of this happening is very small because it doesn't happen everyday and certainly not to every gambler who has a debt to pay. Some debtors who are gamblers are under very serious pressure of paying off their debt because they are due, if that pressure is taken to gambling, a good decision will be hardly made. A debtor who still has enough time to pay off a debt may be lucky to win and pay off debt because they will be calmer when gambling.Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: goinmerry on February 16, 2024, 11:26:50 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Try your best to shift his beliefs. Don't ever consider giving him money as that will fuel more his mind to believe that what he currently believes is right. It's up to you if you will ignore him but the worst might happen. Better give your best shot to just continue doing advice as much as you can. If he now tries to ignore you because of your annoying advice, then that's the time you won't care about him. At least, you tried your best and just hoped for the best for him. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Jody.Drummer on February 17, 2024, 02:15:57 AM Hey just be straight with your friend. Let him know messing with online casinos is risky and it could make things worse. Suggest seeking professional advice on handling debts or exploring legal alternatives instead. Gambling might seem like a quick fix but it often ends up causing more trouble. Encourage him to make responsible choices for a better long-term solution People who cannot bring a rational mindset to gambling often end up with a lot of financial problems, and this is what the person in this case experienced, in the sense that he really did not see gambling from various sides and he only saw gambling in terms of profit, especially about winning but did not think about the negative side which would actually make him fall into the abyss. This is what will happen when you are too focused on winning along with putting hope in it, because instead of getting a win to pay debts but what happens is that you will experience a lot of losses which of course will make the situation worse. Therefore, it is always recommended to apply caution and vigilance along with full awareness when you want to get involved in gambling, lest you take the wrong path that ultimately makes you lost, after all gambling is not a solution to any problem and this really should be considered and applied in mind.Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: traderethereum on February 17, 2024, 11:21:40 AM Hey just be straight with your friend. Let him know messing with online casinos is risky and it could make things worse. Suggest seeking professional advice on handling debts or exploring legal alternatives instead. Gambling might seem like a quick fix but it often ends up causing more trouble. Encourage him to make responsible choices for a better long-term solution Maybe @OP can try to play and win the gambling game because he has seen a bug that he can use to win ;DThat's just stupid advice @OP, don't take it. But it was true that he needed to advise his friends not to rely on gambling to make money. However, gambling will not give him the money he wants and he may end up losing even more. He must immediately be made aware that what he is doing is wrong and it is time to try to cure his addiction to gambling because it is all for his own good. Moreover, his friend has deposited a lot of money to gamble but he hasn't been able to win. So @OP should immediately advise his friend before he spends any more money. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Outhue on February 17, 2024, 02:48:52 PM Sounds stupid to me, if you believe that you can pay your debt with gambling don't rely on it, I will still advice you to risk only what you can afford to lose in gambling, most times, when people try to use such strategy I like calling it debt with debt, because it's sure that gambling will bring you more debt when you are trying to settle a debt with gambling.
You can't escape debt with gambling, you are just looking for more problems for yourself, it's highly likely that you will end up in more troubles because remember that you will also risk money when gambling, imagine that you keep losing all the money in the hope of making money, and you later find out that all the money you've risk is so much, enough to pay part of the debt already? This is what happens to most gamblers that plan to pay debt with gambling, it's a wrong method, because you could be calling for more debt on your neck, gambling is nothing but luck dependant. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Blitzboy on February 17, 2024, 03:11:54 PM Sounds stupid to me, if you believe that you can pay your debt with gambling don't rely on it, I will still advice you to risk only what you can afford to lose in gambling, most times, when people try to use such strategy I like calling it debt with debt, because it's sure that gambling will bring you more debt when you are trying to settle a debt with gambling. The "debt with debt" technique is a trap, according to personal experience and many stories. Yes, its a downward cycle that worsens financial problems.You can't escape debt with gambling, you are just looking for more problems for yourself, it's highly likely that you will end up in more troubles because remember that you will also risk money when gambling, imagine that you keep losing all the money in the hope of making money, and you later find out that all the money you've risk is so much, enough to pay part of the debt already? This is what happens to most gamblers that plan to pay debt with gambling, it's a wrong method, because you could be calling for more debt on your neck, gambling is nothing but luck dependant. Consider that every bet has the possibility of more loss. The chances are against you - the house usually wins, right? I've seen and studied it, but the conclusion remains the same. Gambling exploits hope but rarely delivers. Risk includes both today's losses and tomorrow's compounded debt. Debt management requires strategy, discipline, and tough decisions, not luck. Winning large is tempting but unlikely. Its a surefire debt trap. Face reality and dont risk our finances. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Yatsan on February 17, 2024, 03:23:12 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: SamReomo on February 17, 2024, 07:03:32 PM I have thought about that but considering the financial mess my friend is in now I could not. I have to think about him first rather than the casino as he is married and has two kids. It is not that he is not working both he and his wife are earning a decent amount of salary. The problem started five years back when due to COVID-19 he lost his job and at that time his wife was not working. There are many issues related to this guy who is my friend and some of them cannot be discussed openly in the forum. I appreciate your suggestion, thank you. In that case you should try to find an ethical way to help your friend who needs money rather than stealing the money from a casino. Man, you should keep in your mind that casinos are also run by people who spend a lot of money on casinos in order to earn from the business model, some of the casinos go bankrupt if they don't get success, if someone exploits those casinos then that person is somehow taking money of those workers who work on that casino. It's some kind of stealing from a casino and giving it to your friend. Your own inner self will always tell you that whatever you have done was not a moral act and you'll feel guilt whenever you remember that you did a crime in order to help out your friend.Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: khiholangkang on February 17, 2024, 07:45:32 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Try to be honest with yourself about the limitations you have, because no one is perfect, including me personally and you. Therefore, never hesitate to admit the limitations you have, and stop pretending that you are capable of doing everything. And if you really can't agree and comply with this request, you also feel quite forced to help your friend. So don't ever be afraid to say "no. I can't" but remember it must be conveyed politely and with good words, convey your main reason why you can't help him, for example because it is too risky and could endanger your safety, or another reason that sounds quite logical. because when you deal with loan sharks, it's no joke. Apart from the relatively high fees, their method of billing their customers is very harsh and likes to play physically. And to keep your relationship with your friends improving, try to provide alternatives or support in other forms. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Weawant on February 17, 2024, 10:10:26 PM In that case you should try to find an ethical way to help your friend who needs money rather than stealing the money from a casino. Man, you should keep in your mind that casinos are also run by people who spend a lot of money on casinos in order to earn from the business model, some of the casinos go bankrupt if they don't get success, if someone exploits those casinos then that person is somehow taking money of those workers who work on that casino. It's some kind of stealing from a casino and giving it to your friend. Your own inner self will always tell you that whatever you have done was not a moral act and you'll feel guilt whenever you remember that you did a crime in order to help out your friend. It's actually an unhealthy practice and shouldn't be encouraged for any reason, some persons don't have that good herat enough to tell their selves that what they are doing is not good that stealing from the casino is a way of making others who work there not have their pay nd that will means they will be bankrupt aswell.Tell your friend to look for a better way to earn money and not to steal from the casino as the casino is also some One else's business and that spend money to run it too sometimes they do spend a good amount of fund s on these casinos to keep them running but this may be a unknown f t to the gamblers a sthey will only see the casino taking their money as not the expenses the casino in cure to run the game house. It's criminal to steal and it's punishable by the law, so before he gets caught he should quit. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Oilacris on February 17, 2024, 10:17:34 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Try to be honest with yourself about the limitations you have, because no one is perfect, including me personally and you. Therefore, never hesitate to admit the limitations you have, and stop pretending that you are capable of doing everything. And if you really can't agree and comply with this request, you also feel quite forced to help your friend. So don't ever be afraid to say "no. I can't" but remember it must be conveyed politely and with good words, convey your main reason why you can't help him, for example because it is too risky and could endanger your safety, or another reason that sounds quite logical. because when you deal with loan sharks, it's no joke. Apart from the relatively high fees, their method of billing their customers is very harsh and likes to play physically. And to keep your relationship with your friends improving, try to provide alternatives or support in other forms. Some wont really be that totally something like this since they've been wary that they would really be messing up their life if they would pursue or trying out to push on whats the idea that they do have in mind even if they do know that they cant really be able to achieve it out. Ego or your own perspective on thinking up high or you do have that kind of feeling that you can do everything would really be always bring out disadvantage i should say. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: pakhitheboss on February 18, 2024, 12:20:00 PM I had to spend $10 from my pocket to convince him that the casino does not have a bug. I had to sit with him and play the game that he thinks can be rigged with my own money and the bugger still thinks that I am trying to fool him. He is now asking all his friends who are into gambling to help him as he got hold of the individual who won big time from the casino. I did meet with this guy and he told me that he created 20 accounts using 20 different mobile numbers to win a substantial amount from the casino.
As I have said earlier it is an illegal online casino in my country and the owner is trying to use it for his benefit therefore KYC is not needed. The way he recognizes that a user is genuine is by the mobile number. It is not that easy to get mobile numbers in my country but in some shops, you can get them by paying extra to the shopkeeper. Now the question that comes to my mind is whether it is possible to win in a casino by creating several accounts and playing the same game at the same time. Does it crash the game? Or there is another reason. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: RockBell on February 18, 2024, 01:07:31 PM Sounds stupid to me, if you believe that you can pay your debt with gambling don't rely on it, I will still advice you to risk only what you can afford to lose in gambling, most times, when people try to use such strategy I like calling it debt with debt, because it's sure that gambling will bring you more debt when you are trying to settle a debt with gambling. from the first play why the heck will someone get a loan just to gamble that is one of the sliest things anybody can do, and since gambling is not something you can rely on then how do you end up paying back the loan people don't think, and they feel they can always take a risk at the cost of whatever it may lead to, and they have to forget that risk should be re-examined before you even think of taking one, when a loan is taking it must be repaid the loaner does not have a business with either you win or not and does are the risk behind it. and if anyone borrows money to gamble that is how that person will continue to gamble with borrowed money till the person decides to get help. and I wouldn't say I like the fact gambling involves to much risk just makes the whole thing worst, because the person will have too many thing to be concerned with, starting from the money borrowed and winning your gambling.You can't escape debt with gambling, you are just looking for more problems for yourself, it's highly likely that you will end up in more troubles because remember that you will also risk money when gambling, imagine that you keep losing all the money in the hope of making money, and you later find out that all the money you've risk is so much, enough to pay part of the debt already? This is what happens to most gamblers that plan to pay debt with gambling, it's a wrong method, because you could be calling for more debt on your neck, gambling is nothing but luck dependant. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: klidex on February 19, 2024, 04:10:56 AM Actually, the problems your friend is experiencing is so complicated, he want to involve you in the problem he is experiencing and is trying to take advantage of the situation of the casino being hit by a bug. In fact, this could be said to be a good opportunity, which rarely happens in online casino because it is very likely that the casino owner will experiences big losses if many people use it at times like that, but that doesn't mean your friend can use it because it is very dangerous for your own reputation and that of your friends if one day it is discover and it might be reported by the authorities on the basis of fraud, even though it is actually a bug it's a system error and not the users fault, but it would be better if you played it safe rather than having to suffer the consequences later, after all, why would your friend want you to do it and why not just do it yourself without having to involve you in thing that might make thing difficulty for you someday what happened.
Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: angrybirdy on February 19, 2024, 07:47:38 AM I've read everything the OP said and I think the driving force behind your friend's decision to look for easy ways to bug the casino is because he simply wants to win big and settle his debts but that's actually not the best way to settle debts accrued through gambling. When a gambler is trying to win big in gambling to settle his debts, his mind is ever ready to engage in any sort of illegality just to make sure he achieves his aim and in most cases, they end up losing more fortunes than they had lost before. That's right, and if we look at it, it would seem that his friend would do more harm than improve the situation he is having. I think we can get rid of all the problems we have if we do the right thing and by not taking the wrong action. Sometimes, in our desire to make things easier, we don't think about the circumstances that could happen to us, we can't think about the consequences we will receive if we do things wrong, because our focus is only on making money and paying off all the debts we have. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: carlfebz2 on February 19, 2024, 07:58:06 AM I've read everything the OP said and I think the driving force behind your friend's decision to look for easy ways to bug the casino is because he simply wants to win big and settle his debts but that's actually not the best way to settle debts accrued through gambling. When a gambler is trying to win big in gambling to settle his debts, his mind is ever ready to engage in any sort of illegality just to make sure he achieves his aim and in most cases, they end up losing more fortunes than they had lost before. That's right, and if we look at it, it would seem that his friend would do more harm than improve the situation he is having. I think we can get rid of all the problems we have if we do the right thing and by not taking the wrong action. Sometimes, in our desire to make things easier, we don't think about the circumstances that could happen to us, we can't think about the consequences we will receive if we do things wrong, because our focus is only on making money and paying off all the debts we have. This is why as a friend then ti would be best that you should at least having that kind advise about taking the good and ideal steps rather than on trying out on making such steps further on which we know that it could really make things even more worst. Escape debt with gambling? you are really that making yourself that getting buried by more deeper debt. If you are really that having some loan problems then it would be best that you should really be that trying out to solve on repaying it gradually. Dont spend up for some non worth things and as much as possible it would be better that you should really be that avoiding gambling on that time. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: SeaCoinCollector. on February 19, 2024, 08:02:47 AM It would be best to distance yourself and refrain from your friend's gambling habit. It's important to keep in mind or recognize that enabling harmful behavior may do more harm than good. It's hard but setting boundaries will be beneficial for both of you in the long run. Encourage him to seek professional help, but let him know you care for him and you can still show and offer support from a distance. It's okay to be there for them, but it's also okay to step back if it's harming you.
Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Su-asa on February 19, 2024, 08:31:21 AM Escaping dept with the hope to win gamble is disastrous and might leed to a big problems because you don't have the power on your own to make it win and when they lose you have pay back the dept you are in. You rather pay the little you have than to gamble with it while thinking to win when you gamble. As you manage to win you the money you won might not be able to pay for the dept and this situation might put you on a bigger dept which means you can not be able to home out easily. Gamble to pay dept will only make you gamble on pressure as your mind won't be settled to gamble with mind free.
Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: rahmad2nd on February 19, 2024, 09:42:05 AM ~~ I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Very long thread, but short points, the essence is related to debt, addiction, which affects your friend's mindset psychologically. let's assume, suppose someone can find a bug or loophole to figure out the gambling system. Logically, it's simple, someone will not share their tricks with other people, including those closest to them. because if the casino platform finds out that there is something strange and odd, they will quickly change their system. and don't forget, as far as I know, the developer or casino has security that is fully operational throughout the day to prevent errors, fraud and other things. well, at this point we've finished discussing points about bugs. As for your friend, it seems like his mindset has influenced his psychology to think rationally. so, it tries to do things like you said in your thread. now we are talking about your friend, if you want your friend to realize that his actions have gone too far, help him according to his portion. No need to overdo it, if you have objections. in short, do what you think is right for you to do. as a friend, it is your duty to provide assistance. without having to help pay off the debt, especially in a very large amount. give him the understanding, knowledge and consequences he has experienced so far. the rest, it's up to your friends to decide. referring to the title of this thread, I can't comment on what you said. because, that is your personal right. I just want to say, know the risks behind gambling and know the limits of what we can afford. that way, gambling will not lead to debt and become a dangerous cycle. in essence, understanding is very important to be involved in this fun hobby. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: GxSTxV on February 19, 2024, 10:03:12 AM This is the way our world really works nowadays, where people will do anything just to survive from debts and earn money, banks doesn’t care if they take away your house or even your kids if you don’t pay them back in time as long as you took a loan from them, you will live under their own mercy until paying them back.
Choosing gambling as an escape or for a way to make money while you are in debt it’s the most ignorant thing anyone could do especially as you mentioned that thing guy is a father, responsibilities of taking care of a family always comes first. You should answer his call to help him gamble and lose all that money, and it’s hard for you now to give him money to pay his debt knowing his intentions now to gamble, and not just any gambling but using tricks and unauthorized activities inside a casino with their games, I believe that it won’t be possible for him to withdraw the earning funds once the casino suspect a high balance and also verify their games. It’s better for you to help him with something else than gambling. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Accardo on February 19, 2024, 11:21:44 AM Escaping dept with the hope to win gamble is disastrous and might leed to a big problems because you don't have the power on your own to make it win and when they lose you have pay back the dept you are in. You rather pay the little you have than to gamble with it while thinking to win when you gamble. As you manage to win you the money you won might not be able to pay for the dept and this situation might put you on a bigger dept which means you can not be able to home out easily. Gamble to pay dept will only make you gamble on pressure as your mind won't be settled to gamble with mind free. Those pressures only make the gambler to end up in pains, like the person in Op's story. Those thoughts are quite not good for anyone, especially in things as gambling. I've seen many other gamblers who end up being in a severe sickness for not being able to meet up with their debts, accumulated for the sake of gambling. However, gambling is a game for players who care about being financially stable, not for people who want to terminate their existing financial status for a wealth which they are foreseeing. When the debt is too much to clear, the person ends up depressed and get more addicted into gambling hoping that the wins appear someday. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Crypt0Gore on February 19, 2024, 11:54:45 AM I know someone who escaped his debt using gambling but it was more complicated than you think, the was never a gambler but his mother was admitted into a local hospital and an operation was needed to carry out, he reached out to me then and I contributed what I could afford but he never disclosed it to anyone including me until he took the risk and luckily he won.
He was able to pay for the operation and he was able to pay back some debts too, this was like a break through for him, because since that time every start going well for him, when I heard about what he did later I was furious and I felt like beating him up, what came to my mind was if he lost the money, what could have happened? He said he had no choice, I asked myself if I would have done the same, but I knew I could not because losing everything to gambling is the most feared in my own way, I don't want to end up like those who lost everything they once had to gambling, I am very careful around gambling. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Weawant on February 19, 2024, 01:00:27 PM Escaping dept with the hope to win gamble is disastrous and might leed to a big problems because you don't have the power on your own to make it win and when they lose you have pay back the dept you are in. You rather pay the little you have than to gamble with it while thinking to win when you gamble. As you manage to win you the money you won might not be able to pay for the dept and this situation might put you on a bigger dept which means you can not be able to home out easily. Gamble to pay dept will only make you gamble on pressure as your mind won't be settled to gamble with mind free. Gambling with loans money is a very risky thing that I don't really think I will advise anyone to consider because they will definitely have issues along the way as its not something that you can really put your hope on to enable you pay your debt, as it's a 50/50 chances more like probability without any certainty attached.If you have some of your funds with you to offset your debt, it's better to first make payments of that first then you allow yourself some time and pay up the remaining probably you could plead for time from your creditors to enable you pay your debt but if you allow yourself to risk it with gambling you may end up still being in that debt and not really been able to pay off as at when due rather than getting in to trouble because you wanted to double the money. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: aioc on February 19, 2024, 01:18:02 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? There's nothing wrong with what you did you are also a gambler you understand how gamblers lie just to regain what they lose, don't fall for his trick, there's a lot of uncertainty in gambling, and even if he successfully cheats the casino do you think he is wise enough, casinos are complete with an anti-cheat and they will always question or they will verify your winnings to see if it comes naturally or coming from cheats. And you have no obligation to help him with his debt unless you are a very rich guy and can shoulder other people's debt which I doubt you will, as a gambler, you should know all the warning signs of gambler issues and if you have a friend with issues shouldering his debt is not the right way, help him overcome his addiction is the right way. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Dewi Aries on February 19, 2024, 02:58:20 PM Escaping dept with the hope to win gamble is disastrous and might leed to a big problems because you don't have the power on your own to make it win and when they lose you have pay back the dept you are in. You rather pay the little you have than to gamble with it while thinking to win when you gamble. As you manage to win you the money you won might not be able to pay for the dept and this situation might put you on a bigger dept which means you can not be able to home out easily. Gamble to pay dept will only make you gamble on pressure as your mind won't be settled to gamble with mind free. Those pressures only make the gambler to end up in pains, like the person in Op's story. Those thoughts are quite not good for anyone, especially in things as gambling. I've seen many other gamblers who end up being in a severe sickness for not being able to meet up with their debts, accumulated for the sake of gambling. However, gambling is a game for players who care about being financially stable, not for people who want to terminate their existing financial status for a wealth which they are foreseeing. When the debt is too much to clear, the person ends up depressed and get more addicted into gambling hoping that the wins appear someday. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Slow death on February 19, 2024, 05:16:46 PM I am confused and do not know what to do, what do you guys suggest? For me it's simple: your friend is asking you to help him, so he asks your friend who the loan shark is, where the loan shark lives and what the value of the debt is and then you tell your friend to go to that loan shark and if you If you want to help your friend then pay his debt, you can pay all or part of it so that the debt will be reduced but don't give the money directly to your friend, give the money to the loan shark. It often takes people a long time to realize that they are dealing with a person who is addicted to gambling. the moment your friend takes money intended for bills, money intended to pay debts and takes it to play, then your friend has lost control of himself, he is addicted to gambling as he is addicted to gambling and this is a serious illness, so it is important that you report this to his family because it will be necessary for his family to immediately go to court claiming that he is addicted and incapable of keeping money and material goods and the The judge will issue a mandate so that your friend no longer accesses his assets and is taken to be treated in a hospital urgently and only with a document from a doctor certifying that he is in good health and that the judge will release his assets These measures are harsh, they are the type of things that generate fights in families and even lead to deaths, but it is necessary because if you don't admit your friend, he will eventually steal and kill to have money to continue playing and will always use the argument that he He wants money to pay the debt and will not accept that he is sick and needs to be treated. That's why it is necessary to go to court and he will be taken to the hospital by force where he will be isolated from the world and will only leave with the judge's authorization when the doctor shows proof that he is cured Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Hanadawa on February 19, 2024, 05:27:53 PM Choosing gambling as an escape or for a way to make money while you are in debt it’s the most ignorant thing anyone could do especially as you mentioned that thing guy is a father, responsibilities of taking care of a family always comes first. I often say that making gambling a source of income is the most ridiculous thing I have ever heard. You won't really be able to win from gambling. Honestly, I think gambling is a game, where there will be winners and there will be winners. And in games the most important thing to look for is to have fun in it. So I'm confused when someone thinks of making gambling their job because they think it's easy to get money if they win. You have forgotten one important aspect of a game, fun.Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Accardo on February 19, 2024, 05:38:31 PM Those pressures only make the gambler to end up in pains, like the person in Op's story. Those thoughts are quite not good for anyone, especially in things as gambling. I've seen many other gamblers who end up being in a severe sickness for not being able to meet up with their debts, accumulated for the sake of gambling. However, gambling is a game for players who care about being financially stable, not for people who want to terminate their existing financial status for a wealth which they are foreseeing. When the debt is too much to clear, the person ends up depressed and get more addicted into gambling hoping that the wins appear someday. Yes because it is a fact that many gamblers end up stressed or depressed due to not being able to withstand all the tension and pressure in a problematic situation, the idea of paying off debt by gambling is a very careless or even stupid mindset and idea, because gambling is not a cure for financial problems, but rather an activity that provides nothing more than "odds" which means "the possibility" of getting something but without having any certainty to actually guarantee you can win at the end of the session. In the end, it is clear that overcoming financial problems with gambling will actually make someone worse or get into debt, or simply gambling can give you more problems. We must really have the right understanding about gambling, do not get the wrong understanding because it can be fatal in the end. So the point is not to let the chance of winning in gambling make you conclude that gambling can solve financial problems or can make you rich instantly, NO, that's a dangerous mindset, the uncertainty in the results at the end of the session will frustrate all your plans and will make you regret it.Those thoughts are from gamblers who don't have the main orientation needed before venturing into their gambling journey. Most newbies ended up gamblers because a friend made some wins through gambling. I was once in that shoe, luckily, it didn't last for a long time till I retraced my ways. Gambling has no certain method of winning, hence, nobody is advised to take it to the level of borrowing money to wager in casino. The player if he wins, will still return the money back to the loan shark. Such things level up the stress of the gambler, and some still go ahead to gamble more, to be able to earn a sustainable amount that'll cover for both the debt and settle their financial responsibilities. Gamblers need to follow a nice method that'll remove those embarrassing mindsets from their memory and focus on being a good gambler that wagers to learn and earn when the time comes. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: killerfrost on February 19, 2024, 08:11:23 PM Come on, good things like that only happen in movies. If someone has a real secret to "making money", they will never share it with you, they just keep those secrets to enjoy life. So, when someone promises to help you get rich quickly, be careful, they may be scamming you. Investing is a great way to make your money grow, but remember that there's no guarantee you'll get rich. There is always risk, and you could lose money. So, before investing, please research carefully and understand the risks involved.
Listen to the tips "every time you win" in gambling Gambling is a game of chance, and no one can guarantee you will win. So, if someone brags that they have the secret to winning money, be suspicious of them, they may be trying to scam you for money. Greed Greed can motivate you to try hard, but it can also cause you to make wrong decisions. When you're too focused on making money, you can easily get caught up in promises of "money making" or risky investments. So, always be alert and don't let greed cloud your reason. Sincere advice If you want to become rich, the best way is to focus on self-development. Gain knowledge, hone your skills, and create plans for the future. Be patient and consistent, and don't be afraid to take calculated risks. While there's no guarantee you'll get rich, if you follow these tips, you'll have a better chance of success. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: SamReomo on February 19, 2024, 09:24:31 PM I had to spend $10 from my pocket to convince him that the casino does not have a bug. I had to sit with him and play the game that he thinks can be rigged with my own money and the bugger still thinks that I am trying to fool him. He is now asking all his friends who are into gambling to help him as he got hold of the individual who won big time from the casino. In that case I suggest you to contact the support team of the casino and tell them about the bug. It's the casino that should fix the bug so users can't exploit it. It would be a great step taken by your side and trust me you won't regret it anytime. Helping someone else won't cause you troubles but looting someone else does. So consider the owner of casino as a human being who is spending a lot of money on his business model and is working day and night in hope to get some revenue. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: borovichok on February 19, 2024, 09:45:11 PM I often say that making gambling a source of income is the most ridiculous thing I have ever heard. You won't really be able to win from gambling. Honestly, I think gambling is a game, where there will be winners and there will be winners. And in games the most important thing to look for is to have fun in it. So I'm confused when someone thinks of making gambling their job because they think it's easy to get money if they win. You have forgotten one important aspect of a game, fun. I don't think any rational-thinking person will make gambling a source of income. Unlike employment, gambling does not involve a level of control or predictability that is necessary for sustainable income generation. In most forms of gambling, outcomes are determined by random chance rather than skill or effort, making it difficult for individuals to influence the results in their favour consistently. The unpredictable nature of gambling outcomes means that there is a high likelihood of losing money rather than making a profit. Relying on gambling winnings to cover living expenses or financial obligations can lead to financial instability and potential debt problems. The lure of potential winnings can create a cycle of dependency that is difficult to break, further exacerbating the negative consequences associated with relying on gambling for income. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: klidex on February 20, 2024, 07:46:38 AM Escaping dept with the hope to win gamble is disastrous and might leed to a big problems because you don't have the power on your own to make it win and when they lose you have pay back the dept you are in. You rather pay the little you have than to gamble with it while thinking to win when you gamble. As you manage to win you the money you won might not be able to pay for the dept and this situation might put you on a bigger dept which means you can not be able to home out easily. Gamble to pay dept will only make you gamble on pressure as your mind won't be settled to gamble with mind free. Those pressures only make the gambler to end up in pains, like the person in Op's story. Those thoughts are quite not good for anyone, especially in things as gambling. I've seen many other gamblers who end up being in a severe sickness for not being able to meet up with their debts, accumulated for the sake of gambling. However, gambling is a game for players who care about being financially stable, not for people who want to terminate their existing financial status for a wealth which they are foreseeing. When the debt is too much to clear, the person ends up depressed and get more addicted into gambling hoping that the wins appear someday. Of course you are right to overcome problems with gambling, it will add to new problems if you continue to experience losses and if you continue to experience losses, of course it will be increasingly difficult for you to pay off your debts and become increasingly burdened, so if you want to pay off your debts it is better to avoid gambling for a while and look for work. which will definitely make money so that your debt will be resolved quickly. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: 0t3p0t on February 20, 2024, 08:00:56 AM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? That is a tough decision to make to be honest as that guy is your friend. I mean conscience will haunt you everytime you remember him. But for me if I am on the situation I will tell him frankly that I cannot help him about it so he won't be expecting something from you. If you will tolerate your friend you might put him into a much worse situation than he currently have. Finding a job is for me the best solution if he has plans to repay that debt. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: joniboini on February 20, 2024, 08:20:26 AM I mean conscience will haunt you everytime you remember him. But for me if I am on the situation I will tell him frankly that I cannot help him about it so he won't be expecting something from you. If you will tolerate your friend you might put him into a much worse situation than he currently have. Finding a job is for me the best solution if he has plans to repay that debt. Nice decision. There is definitely a line between helping friends and being so gullible you got tricked into shouldering debts that were never yours to begin with. Not to mention OP's friend kinda feels like he's trying to use OP to fix his problem to some extent. While you can help him if they ask you for a $100 loan, doesn't mean you should loan him $10k because he said so. I don't think a friend will force you to do that either.I had to spend $10 from my pocket to convince him that the casino does not have a bug. I had to sit with him and play the game that he thinks can be rigged with my own money and the bugger still thinks that I am trying to fool him. He is now asking all his friends who are into gambling to help him as he got hold of the individual who won big time from the casino. In that case I suggest you to contact the support team of the casino and tell them about the bug. It's the casino that should fix the bug so users can't exploit it. It would be a great step taken by your side and trust me you won't regret it anytime. I think he's saying that there's no bug, but his friend insists that something must be faulty because he's desperate to make money as quickly and as much as possible. OP, If I were you and I couldn't talk some sense into his head, maybe I'd just ignore him until he can listen. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Hanadawa on February 20, 2024, 08:49:18 AM I think he's saying that there's no bug, but his friend insists that something must be faulty because he's desperate to make money as quickly and as much as possible. OP, If I were you and I couldn't talk some sense into his head, maybe I'd just ignore him until he can listen. On the first page OP says that his friend got information from a friend of OP's friend who said that there was a casino that could be rigged. And in the thread on this page it looks like the OP has already burned his $10 to prove to his friends that the casinos can't be rigged. Then OP's friend asked other friends to help him try to find the bug in the casino. Am I right??If that's true, I'm not surprised why you call him a troublemaker. I think your friend is in big trouble. He had a lot of debt from online gambling and because of the great pressure he ended up hallucinating and believing that there were casinos that could really be rigged. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: avp2306 on February 20, 2024, 09:18:08 AM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? That is a tough decision to make to be honest as that guy is your friend. I mean conscience will haunt you everytime you remember him. But for me if I am on the situation I will tell him frankly that I cannot help him about it so he won't be expecting something from you. If you will tolerate your friend you might put him into a much worse situation than he currently have. Finding a job is for me the best solution if he has plans to repay that debt. Much better if he let his friend solve his problem since tolerating him might cause a bigger problem since if he didn't learn from that mistake and think about there's a friend will help him for sure he will do those actions again. Also its so hard in that situation and what if his friend cannot pay him for sure their friendship will be broken because of that reason. So much better decision to take is to say no regarding on the help he ask and just create an excuse that he is on financial struggle so he cannot help him regarding on what he want to request from OP. He should find legitimate way to find the solution of his loan so that he will not be in another trouble since we know how bad it will be if our loan pilled up and this could lead into more worse situation. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: KiaKia on February 20, 2024, 09:41:39 AM This doesn't look good, it's like trying to escape from a problem to a even bigger problem, it's like saying that you can kill fire with fire, it won't work, funny thing is if such person keeps failing and failing, they will change totally and become something different entirely.
They will become enraged and they will be consumed by anger/frustration, they will start seeing themselves as nothing, to even go back to work or start working on their lives will be one of the hardest thing to do. It's not all friends that are capable of revealing their true plans, they can come for money and you won't know that they plan to use the money for gambling, it's better to help with what you can afford to lose, some money you lend out isn't coming back, like my mother used to say, only lend someone the amount you won't be pained if they fail to pay you back. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: sokani on February 20, 2024, 09:56:04 AM You're in a tough situation and I understand you don't want to ruin your friendship. So talk to your friend and make him see reasons why exploiting a bug in the casino is wrong. If the casino finds out, his account will be blocked and he'll also lose the winning. Offer him another alternative which may not really fetch him much but it's better than nothing. Convince him to report the bug to the casino and whatever he gets, he can use it to clear his debt.
Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Strongkored on February 20, 2024, 10:10:27 AM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Borrowing from loan sharks is clearly a mistake and looking for a solution to pay debts with high interest through gambling is the biggest mistake, especially now trying to take advantage of bugs that occur in casinos, if this story is true then it is difficult to find a solution.And you may feel that you are in a difficult position to want to help him but clearly that would be against the law because it is possible that the casino will finally detect something odd and it will also turn out that your friend has done KYC, meaning that his personal data is already with the casino so his whereabouts can be traced and in the end it will take your friend I'm in a more difficult position, and I don't have any advice because this can only be resolved by paying off debts from loan sharks but by finding the funds in the right way, not the wrong way because that means just making mistake after mistake which will make life even more difficult. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: o48o on February 20, 2024, 12:44:16 PM We all have debts somewhere or the other and we try our level best to repay that debt. While some of us can do it with ease, some of us face issue after issue to repay it. The situation leads us to find alternatives like consolidation loans or shifting existing loans to another bank at a cheaper rate. But what happens when you take a loan from a loan shark due to a bad reputation with banks? They give the loan without any problem at a high interest rate and most of the time it will be a noncollateral loan. Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling. I haven't seen anyone in here pointing out the obvous: IF there's a bug to exploit, why is your friend still losing money? And why is your money somehow better for exploiting it? This just reeks like desperation. And just because he is your friend, it doesn't obligate you to break the law. In fact he is being a shitty friend for asking that instead of loan from you. So don't go that road, no matter if the exploit works or not.In my country online gambling to an extent is legal but as we all know the house always wins. He tried multiple online gambling platforms but never made any money. Two days back he called me up and said he found an online casino that had a few bugs as one of his colleague was able to cash out a handsome amount by using some tricks. I won't go into details of those tricks as it was complicated for me to comprehend, what he wanted me to check was to find out whether it is possible to trick the system. He asked me to check the casino and he even gave me his account information to try a few games. I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk. I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? If you want to help your friend, you must first: 1: Understand his situation. He is going for desperate measures, because he is desperate. Blaming doesn't fix his situation. If you live in an area where police is too corrupt to help, or your friend has nowhere to hide, there's a very real and urgent issue, and that's a threat against him. Loan sharks don't use collateral or legal ways to collect their money, as they most of the time operate illegally anyway. They literally can break legs and harass the victims and their close friends or relatives, if they know/ find out where they live. They also could force victims to break the law to pay their debts, and this could in fact be one of these schemes. So first they need to deal with direct threat, after that they can focus on other issues, like the one that lead him to this deep end. Even if loanshark is operating legally, your friend could be ruining rest of his life as interests build up and he would end up paying those forever. 2: If you have money to help, i wouldn't keep my hopes up getting that money back ever. And you need to ensure that the money goes directly to the loan shark. Addicts tend to lie and might even gamble that money away, as depending how their brains are wired, they might not learn anything from this. All they get would get from this bail out is a dopamine reward, linking this to loan sharks = good in their brain. Also before you give any money to your friend, sit down with him and make him explain how he doesn't get into this situation again, and don't accept any other answer then him blaming directly himself and admitting he is an addict that needs help (other then monetary as well). And since this situation is extreme, i would demand for extreme measures. I would demand he seeks for legal guardian of interests, he could even point you as one, so that you would have legal rights for his money. You would get paid for that job, but it's hard and level of responsibility would be high. But if you are up for it, that's an option. If legal guardian seem too emasculating for him, maybe he doesn't yet accept his situation. And the fact he he believes that luck would get him out from this makes me believe he doesn't have a clue what he is doing, nor any kind of sense of financial responsibility. 3: If you leave in somewhere with minimum corruption, in where you can trust police, he shouldn't just pay, loan sharks often don't have a leverage they claim to have, but they definitely will harass and threat you. Luckily for your friend there are ton of places where you can report loan sharks. Those you can find by googling but this all depends where you live. If this is a real option for you, i would definitely go for this road. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Jody.Drummer on February 20, 2024, 01:14:44 PM That is a tough decision to make to be honest as that guy is your friend. I mean conscience will haunt you everytime you remember him. But for me if I am on the situation I will tell him frankly that I cannot help him about it so he won't be expecting something from you. If you will tolerate your friend you might put him into a much worse situation than he currently have. Finding a job is for me the best solution if he has plans to repay that debt. Much better if he let his friend solve his problem since tolerating him might cause a bigger problem since if he didn't learn from that mistake and think about there's a friend will help him for sure he will do those actions again. Also its so hard in that situation and what if his friend cannot pay him for sure their friendship will be broken because of that reason. So much better decision to take is to say no regarding on the help he ask and just create an excuse that he is on financial struggle so he cannot help him regarding on what he want to request from OP. He should find legitimate way to find the solution of his loan so that he will not be in another trouble since we know how bad it will be if our loan pilled up and this could lead into more worse situation. But what I doubt is that I'm not too sure that his friend can really ignore that person, because if you look at the scenario of the story his friend really cares about that person or something else it seems that he is afraid of that person so he always fulfills the things that the person wants. This problem is quite confusing because for these two people because if this continues to be done by that person then it is possible for him to eventually plunge or bring OP to the problem he has. So if indeed he absolutely cannot be helped with just a suggestion due to having a stubborn personality then of course it is better for you to avoid him and ignore whatever he is experiencing, because sometimes not caring too much about others can also be the right decision when the situation is like this. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: 348Judah on February 20, 2024, 01:30:01 PM Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling. Base on my knowledge about online gambling, it was intended for having fun and making gambling at every affordable ease and not to serve as a means of making money online, i don't see online gambling as an alternative to finding a means of debt repayment, instead it could make the entire process more difficult to repay back, the best suggestion for someone already on loan is to look for a job to do and earn in other to repay his debt and not to be gambling when he actually needed money for his loan repayment, he may continuously make loss in gambling and the condition keeps getting worse. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Dewi Aries on February 20, 2024, 04:23:09 PM Yes because it is a fact that many gamblers end up stressed or depressed due to not being able to withstand all the tension and pressure in a problematic situation, the idea of paying off debt by gambling is a very careless or even stupid mindset and idea, because gambling is not a cure for financial problems, but rather an activity that provides nothing more than "odds" which means "the possibility" of getting something but without having any certainty to actually guarantee you can win at the end of the session. In the end, it is clear that overcoming financial problems with gambling will actually make someone worse or get into debt, or simply gambling can give you more problems. We must really have the right understanding about gambling, do not get the wrong understanding because it can be fatal in the end. So the point is not to let the chance of winning in gambling make you conclude that gambling can solve financial problems or can make you rich instantly, NO, that's a dangerous mindset, the uncertainty in the results at the end of the session will frustrate all your plans and will make you regret it. Those thoughts are from gamblers who don't have the main orientation needed before venturing into their gambling journey. Most newbies ended up gamblers because a friend made some wins through gambling. I was once in that shoe, luckily, it didn't last for a long time till I retraced my ways. Gambling has no certain method of winning, hence, nobody is advised to take it to the level of borrowing money to wager in casino. The player if he wins, will still return the money back to the loan shark. Such things level up the stress of the gambler, and some still go ahead to gamble more, to be able to earn a sustainable amount that'll cover for both the debt and settle their financial responsibilities. Gamblers need to follow a nice method that'll remove those embarrassing mindsets from their memory and focus on being a good gambler that wagers to learn and earn when the time comes. Yes it is certainly a very bad idea to gamble with borrowed money, I think people who do this are those who are too confident in winning which actually your belief has absolutely no effect on the results at the end of the session, nothing else can lead you to victory other than you are lucky. So the real fact and the conclusion is that gambling with borrowed money will only get you further into debt because you will only rotate in the cycle of borrowing to gamble and gambling with the intention / aim of getting a win to pay off the debt, this will only make your debt even bigger because no luck comes in a row. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: dansus021 on February 25, 2024, 01:36:23 PM That's right, no gambler can beat the house, the casinos create the systems and they apply the algorithms to every game that is provided, overall gambling is set up to benefit the house and that means that whatever you do as a way to get a win is all for naught and you will only end up with a huge amount of losses, I'm not saying you can't win because if at certain times luck comes along then you can also win like others but maybe not as often as you would like. And gambling with borrowed money or gambling with the aim of paying off debts you have is a very reckless or even stupid idea and action, gambling is not created to solve financial problems because this is a probability activity that only provides "possibilities". So as you said that what is allowed and recommended is to gamble with your own money and with an amount that you can afford to lose, everyone does not like to lose but when you want to engage in gambling then you have to be prepared to lose anyway, and the point is that gambling with borrowed money to pay off debt is not a solution but it is a new way to end up in a worse situation. I know right you know winning big and losing big is just part of the gambling story so we need to deal with it. and Using gambling as a means to solve financial problems or pay off debts is highly risky and generally not advisable. It is A Dangerous Cycle we need to get out when we don't have money to play gamble Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Webetcoins on February 25, 2024, 06:18:24 PM You're in a tough situation and I understand you don't want to ruin your friendship. So talk to your friend and make him see reasons why exploiting a bug in the casino is wrong. If the casino finds out, his account will be blocked and he'll also lose the winning. Offer him another alternative which may not really fetch him much but it's better than nothing. Convince him to report the bug to the casino and whatever he gets, he can use it to clear his debt. I think that can also be a risk to ruin their friendship but at least we choose to be a good friend, up until the end. Yes, this is the true definition of a good friend and not the ones that we are only fine even if the things that our friends are doing are already wrong, and we don't want a friend like this because it may also influence us to do a wrong thing, but if they agree to change for the better, then we should gave them another chance.I like the advice but it was only unfortunate if a casino refused to give a reward as some casinos are like this and even if not, a reward given may only be small and won't still be enough to clear our debts, but at least we can use it to lessen them. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Findingnemo on February 25, 2024, 07:59:41 PM That's really bad idea, what if you lose the bet that is the most probable outcome than wins in gambling will you able to forgive yourself for doing that?
We can extend the loan by doing something and pay little amount but for very long term is the solution not preferable to choose gambling and having a thought that making money is that simple and if that is the reality then every gambler would have been debt free. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Accardo on February 25, 2024, 08:27:06 PM Those thoughts are from gamblers who don't have the main orientation needed before venturing into their gambling journey. Most newbies ended up gamblers because a friend made some wins through gambling. I was once in that shoe, luckily, it didn't last for a long time till I retraced my ways. Gambling has no certain method of winning, hence, nobody is advised to take it to the level of borrowing money to wager in casino. The player if he wins, will still return the money back to the loan shark. Such things level up the stress of the gambler, and some still go ahead to gamble more, to be able to earn a sustainable amount that'll cover for both the debt and settle their financial responsibilities. Gamblers need to follow a nice method that'll remove those embarrassing mindsets from their memory and focus on being a good gambler that wagers to learn and earn when the time comes. True, most of it is the mindset of a gambler who doesn't really know what gambling is really about, they are just floating in uncertainty, and usually they come because they see something that looks very tempting that is successfully obtained by others or including some of their friends who are already familiar with gambling. The fact is that seeing something that is very tempting can cloud your consciousness which in the end you rule out other aspects or possibilities that are actually much more important and should not be ignored such as possible risks and they will only continue to gamble by putting very high hopes and beliefs with the assumption that "I can get a win like everyone else", they don't know that it's not as easy as they think which in the end it is clear that slowly they will only experience problems with their finances.Yes it is certainly a very bad idea to gamble with borrowed money, I think people who do this are those who are too confident in winning which actually your belief has absolutely no effect on the results at the end of the session, nothing else can lead you to victory other than you are lucky. So the real fact and the conclusion is that gambling with borrowed money will only get you further into debt because you will only rotate in the cycle of borrowing to gamble and gambling with the intention / aim of getting a win to pay off the debt, this will only make your debt even bigger because no luck comes in a row. Confidence could be a problem in the journey of any gambler, in the sense that, one shouldn't feel confident for something uncertain as gambling. To an extent of taking loan to clear a debt or just for gambling purposes. I've read multiple cases online about gamblers who ended up getting ill or affected mentally over the debts they took, to gamble. It's quite a wrong move for any player and shouldn't be a way of escaping debt or paying our loans. Some newbies are being moved by their peers, and don't make choices out of experience or a personal will, they gamble for the sake of others who has made reasonable profits via gambling. ' They forget that the wins are just for a short while, and if the winner isn't careful, he could lose them the same day. Depending on the type of game he plays. That's the essence of letting gamblers to be prepared knowledgeably to understand what they're venturing into before trying to wager money in gambling. Lack of information makes the gamblers to fail and deep down, they wish to win at all costs. Which pushes them to take loans, when all their funds have been exhausted. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Oilacris on February 25, 2024, 08:39:55 PM That's really bad idea, what if you lose the bet that is the most probable outcome than wins in gambling will you able to forgive yourself for doing that? If gambling would really be that a debt solution then not only gamblers would really be that flocking out into gambling world but also other people who would really be tending to deal up withWe can extend the loan by doing something and pay little amount but for very long term is the solution not preferable to choose gambling and having a thought that making money is that simple and if that is the reality then every gambler would have been debt free. just because on what they do heard of. ;D We do know that in speaking about debts then this is something a common known problem into peoples lives yet there are really times or moments on which we do really need up to take some loan or borrowing money for whatever purpose that it could have. This is why it would really be that always best that never ever make gambling as your solution because instead on resolving out yourself into such problem, you would really be just that making it worst. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Lorence.xD on February 25, 2024, 08:44:27 PM Something you wouldn't consider if you are not after high risk. Ever heard stories wherein people are in debt despite of having properties? And that person chooses to sell that property not to immediately pay the debt but to try making it double by engaging it to gambling? If you are in debt, in what way would you be able to pay it? One is to have a secured and consistent source of income. In such way you'd be able to still make a living and eventually pay the debt even little by little. Those people who seeks gambling to pursue such purpose are having desires to do things in a rush or fast manner. However if it's reality check, there's no such thing. You won't be in debt in the first place if there is.
That's really bad idea, what if you lose the bet that is the most probable outcome than wins in gambling will you able to forgive yourself for doing that? Not only debt free but also, the idea of every gambler would be rich. But gambling does not work that way; losing will be more often to happen. Luck is the main determinant and no gambler will have full control of gambling outcome. As you embrace higher level of risk you cannot expect yourself to get out of it as a cycle. It will just continue.We can extend the loan by doing something and pay little amount but for very long term is the solution not preferable to choose gambling and having a thought that making money is that simple and if that is the reality then every gambler would have been debt free. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: boltz on February 25, 2024, 08:44:52 PM Never get into debts for actually gambling because that eventually will lead to tragic events and it's really sad if we go that deep. However, this things happens daily and unfortunately the stories you can read from gambling addicts or people who had massive debts because of gambling are really really tragic to read and comprehend.
In Romania per example we have a serious problem with bookies as lately they opened near schools and highschools and this is very dangerous for young generation that currently see gambling as a way to "make more money" which is quite the opposite of what gambling stands for. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: livingfree on February 25, 2024, 08:51:35 PM I will not touch that kind of thing if a friend asks me to do so. It's because he's the one to do that when he's at the right thinking and then he has to face his consequences.
I don't mind telling him that he should pay that debt because he borrowed for that and I won't play his account with balances. That's so hard for me to do that because what if he insists that I was involved on it, I might get into trouble and that doesn't make sense for me because he just approached me. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: South Park on February 25, 2024, 09:03:09 PM We all have debts somewhere or the other and we try our level best to repay that debt. While some of us can do it with ease, some of us face issue after issue to repay it. The situation leads us to find alternatives like consolidation loans or shifting existing loans to another bank at a cheaper rate. But what happens when you take a loan from a loan shark due to a bad reputation with banks? They give the loan without any problem at a high interest rate and most of the time it will be a noncollateral loan. Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling. You are in a a difficult situation, while there is a moral obligation to help a friend in need, there is no obligation to sacrifice yourself during that process or to let yourself get scammed by him, it is obvious to me that he is desperate and that he is willing to throw you under the bus in order to get out of his problems, and if you accept to give him that money then most likely you will never hear of him ever again, so you might as well save yourself the trouble and not give him the money and end the friendship anyway.In my country online gambling to an extent is legal but as we all know the house always wins. He tried multiple online gambling platforms but never made any money. Two days back he called me up and said he found an online casino that had a few bugs as one of his colleague was able to cash out a handsome amount by using some tricks. I won't go into details of those tricks as it was complicated for me to comprehend, what he wanted me to check was to find out whether it is possible to trick the system. He asked me to check the casino and he even gave me his account information to try a few games. I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk. I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: bitzizzix on February 25, 2024, 09:25:23 PM Debt and gambling are currently rampant because of the ease of access and ease of making loans which can only be done in a matter of minutes with easy conditions.
In my area, there are lots of gamblers who take out online loans without thinking about the risks they will face. And most of them just chase losses and take online loans just to continue gambling which will actually make them experience two losses and also serious problems. This happens because it is difficult to get a job and makes them fall into the wrong path and it all starts because of relationships and conveniences that they don't really want. However, due to circumstances that make them go the wrong way and fall into the wrong path, and make them suffer even more and think that gambling can make money and do it in the wrong way because of curiosity. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: alegotardo on February 25, 2024, 09:54:24 PM I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest? Asking money from loan sharks is dangerous! If you really are his friend, lend your money so he can pay the loan shark and sleep easy saying he can pay you back within a year! I'm kidding, don't do that. In fact, this is not an easy situation to deal with and trying to use gambling to solve this problem is a big mistake. The best way is to look for a reasonable "agreement" to pay the debt and get this money in a dignified way, if possible even selling assets such as cars. But it's not enough to just get rid of debt, you need to be more responsible in the game to avoid getting into debt again. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: the rise on February 25, 2024, 09:59:59 PM You should not help your friend and return his account, besides if you help it will make him more addicted and he can fall into a repeating cycle, I mean borrowing money from people, and borrowing from other parties and so on, it's best not to take a risk, it will end badly
Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: carlfebz2 on February 25, 2024, 11:49:47 PM You should not help your friend and return his account, besides if you help it will make him more addicted and he can fall into a repeating cycle, I mean borrowing money from people, and borrowing from other parties and so on, it's best not to take a risk, it will end badly End up badly for sure but the worst thing on this one is that you wont really be able to resist out on not to let your friend be that on such situation on the time that he/she would be asking for some loanor would really be borrowing into you. Yes, you could make out some advises but once these type of addicted people are really into it then it is really that hard to resist or rejecting on whats they are asking. This is why on the time that you would really be having those kind of friends then it would be always good that you should not grant on whatever wishes they do have specially on asking some money or taking up some loan or borrowing. At least do your part as a friend on giving out some advises and telling on what they should stop and what they should do. Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: South Park on March 03, 2024, 07:45:16 PM You should not help your friend and return his account, besides if you help it will make him more addicted and he can fall into a repeating cycle, I mean borrowing money from people, and borrowing from other parties and so on, it's best not to take a risk, it will end badly The supposed friend of the OP is just trying to make him suffer his losses instead and get away with it, he is hoping that his friendship is going to be enough to force the OP to throw his common sense out of the window and get the loan he needs, after all while it is often the case for a person to not pay what they owe to a friend, this is not something you can do to loan shark, which will do everything, no matter how heinous, to recover their money.Title: Re: Escape Debt with Gambling: A Dangerous Cycle Post by: Quidat on March 03, 2024, 08:33:07 PM You should not help your friend and return his account, besides if you help it will make him more addicted and he can fall into a repeating cycle, I mean borrowing money from people, and borrowing from other parties and so on, it's best not to take a risk, it will end badly The supposed friend of the OP is just trying to make him suffer his losses instead and get away with it, he is hoping that his friendship is going to be enough to force the OP to throw his common sense out of the window and get the loan he needs, after all while it is often the case for a person to not pay what they owe to a friend, this is not something you can do to loan shark, which will do everything, no matter how heinous, to recover their money.This is why most of them would really be giving or granting out such request but it doesnt mean that they are tolerating such gambling addiction by its friend. For those who arent that making some toleration about on the said condition then they wouldnt really be giving out such loan or borrowing money. Now in the situation about making up some bets which directly made by you instead of him and telling that it would be just fine that you would be losing it then i dont really believe those things because there would really be that anger deep inside once you have lost it all. |