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Economy => Gambling discussion => Topic started by: AVE5 on February 24, 2024, 07:18:39 AM



Title: Outcomes of insighting gambling for a source of income.
Post by: AVE5 on February 24, 2024, 07:18:39 AM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: dimonstration on February 24, 2024, 07:30:08 AM
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

I'm really skeptical if 1000$ can really give you a lucrative business in my country but maybe in your country since that amount is only the price of the business location with very rental small place but resorting to gambling using the funds that is intended for important matters is always a big red flag because you are risking the money that you can't afford to lose.

I thought the amount involved here is around 10K or more since it sounds like very serious while reading the introduction of the story including the colluding just to hide gambling. But I will do the same of hiding my gambling activity to others if someone knew enter to my place though even though I'm just playing for fun because it's not cool being known as a gambler in my country. Your friend is still lucky to still involve not that significant amount of money on gambling because he can easily repaid it through jobs.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Agbamoni on February 24, 2024, 07:55:29 AM
The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
Definitely it is the nature of the business. No matter the losses gamblers never quit they always have the assurance that they would win and that losing is something that must surely happen along the line. So it doesnt hurt them as long as they will also win massively. Also it depends on the amount the gambler use to gamble. If it is something big then he has to reduce the weight of it. I cant find it interesting when a gambler continue losing with huge sum of money expecting that when he wins it will be a very huge sum of money. Sometimes, when you calculate the cumulative loses and then compare it with his wins. It may end up that he had acquired more loss.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Oshosondy on February 24, 2024, 08:03:25 AM
He has learned his lessons that gambling is not a way of looking for income. If you need a source of income, you need to do good business instead of gambling. He has ruined his business and go bankrupt. He borrowed money to started another business but gamble with the money and he lost it. I guess he will not try to gamble anymore. If you know you are gambling with huge amount of money and losing, that is just an addiction that should be stopped and avoided because the end result is not always good. You need to advice him and tell him the truth about the reason he needs not to gamble again.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: danherbias07 on February 24, 2024, 08:21:52 AM
Depends on where you are. Maybe $1000 there is a good amount to start a business but I don't think that is enough when you are in another country.
Anyway, what he did was still a mistake in gambling the money that is meant for business, that's just the wrong way to do it. And he might as well learn from that lesson because what if he already started the business and it's not going well? Will he also gamble the profits he made to double it? That will be the start of bankruptcy and he will definitely lose everything.

There's a very rare amount of people who are successful at using gambling as their source of income. Testimonies about it don't come out every day, more like every week or every month. If you imagine how many people are gambling out there, it's too obvious that it is not meant as a day job or whatever one person thinks it could give him on a daily basis.
The risks are just too high and that's why it's a gamble. It's like your one foot is always buried in something and there's a chance the soil will get hard and you might not pull it out again once you lose. I would not recommend joining them and the end game for your friend is an example of it.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Gozie51 on February 24, 2024, 08:39:28 AM

Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.

Truly a gambler who is a high staker is on health risk and to borrow money to gamble is a no no. Gamble with the money you can afford to lose is for a purpose and which is if you lose, you only see it as a game to try again next time.

At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

I was thinking he would be making confessional statements that he would never gamble again after he saw his close state of giving up life. But gamblers who are addict never gives up to it when they don't see someone committed to help them out from it. If he is still remembering that he was trying to win big then he is likely to go back on the same track. So you and your other friends also have a responsibility to help him leave such gambling addiction.

Moreover, depending on the country, I don't know the kind of business that $1,000 would be enough to start for him. I wish him good luck anyway.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: uneng on February 24, 2024, 08:41:04 AM
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
Your friend has been being greedy by attempting to boost his business through gambling income. If he continues with this mindset, he is not only going to be unable to boost business' capital, but he is also going to lose his entire capital, and there won't be any businesses after all. Instead, he is just going to accumulate further debt, what will potentially damage his health even more, and put him in further medical assistance.

I understand 1000$ isn't a lot of money to turn into a decent business, but that is what he has under his disposal for now, therefore he has to work with this sum of money. He has to do the best he can with the current tools he has. Maybe he can start a small business and then grow it slowly as profit is made, although to go for gambling expecting immediate returns shouldn't be an option to take into consideration anymore. As a friend, all you can do is to advise him hoping he will listen to you for his own good.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Cryptomultiplier on February 24, 2024, 08:41:31 AM
As bad as we may think gambling is, it might have just been a savior to someone who understands it better and have won several times. Unless they have no other source of income, spend much more than the one they  have, with even borrowed funds, then they have become addicted.

When the economy is so unbearable and prices of commodities keeps rising, any legit source that doesn't involve carrying arms or being violent or hacking someone else's hard earned sweat, is very valid. So long it keeps them from begging for bread.
In this case however, I see no evil except for the fact that such a friend was too dumb to have lost his business money because he believes gambling will help double what he has quickly, instead of doing a legit business and slowly growing his wallet.



Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Yaunfitda on February 24, 2024, 08:48:43 AM
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

I'm really skeptical if 1000$ can really give you a lucrative business in my country but maybe in your country since that amount is only the price of the business location with very rental small place but resorting to gambling using the funds that is intended for important matters is always a big red flag because you are risking the money that you can't afford to lose.
Maybe for the country that they live, $1k may have a big money already and that it could start some business as initial capital. But the question is that his friend gamble it in hope that he can make it double or even more. I remember one thread about recovering gambling addicts and it was an eye opener because those people says that they see gambling as a means to make more money but in the end, it was not.

I thought the amount involved here is around 10K or more since it sounds like very serious while reading the introduction of the story including the colluding just to hide gambling. But I will do the same of hiding my gambling activity to others if someone knew enter to my place though even though I'm just playing for fun because it's not cool being known as a gambler in my country. Your friend is still lucky to still involve not that significant amount of money on gambling because he can easily repaid it through jobs.
And I guess the point is that regardless of what the amount will be, it has two ending. Either you win or lose, and most of the time the stories that we here is that those who take the risk ended up with nothing. And so instead of having a business, they have no money left but then still thinks that gambling will be a savior which is not and it's the wrong mentality in my opinion.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: angrybirdy on February 24, 2024, 09:00:55 AM

I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.



maybe that's why they don't want to tell you because they know that things are going a bit sideways in their business and it's only right that they don't tell you about their sources of income. even if you are one of the closest friends because it's a matter of confidentiality. Like what you've said, You never see anything wrong about doing a gambling business as long as you know how to control your money, decisions and emotions, that's all true and it will only become wrong if you cannot handle well your financial expenses and you've already developing gambling addiction.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Rockstarguy on February 24, 2024, 09:15:18 AM
he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
This is the result you will gain when you see gambling as source of income and expect so much from gambling . Gambling is a wrong investment for anyone to involve his/her self into. Gamble win can never be predicted, sometimes you win or lose. And when you put so much in gambling and at the end their is no positive result it will definitely make one to be angry .

Expecting so much from gambling can make one to be sad to the point of depression. Seeing gambling as a job is dangerous to the health and this what beginners needs to know about gambling,  it can never be predicted or just grant your desires at all times.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: DabsPoorVersion on February 24, 2024, 09:33:10 AM
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
Your friend has come up with the worst idea to expand their business quickly by gambling to increase their capital. While this may seem like a fast and easy way to achieve their goal, it comes with a high risk. There is a strong possibility that they may lose their money instead of doubling it.

It is important to understand that gambling is not a viable path to financial success, whether it's for improving one's financial situation or expanding a business. Engaging in gambling activities can often lead to more problems and worsen one's current financial status. It's best to avoid gambling altogether and instead focus on more sustainable and reliable methods for achieving financial goals.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Dr. Strange on February 24, 2024, 09:39:31 AM
I can speak from my own personal experience. I have seen many people choose gambling platforms as their source of income but they do well or earn money in the beginning but later face huge loss of money. Then gradually, even if they want to come out of it, it becomes very difficult for them to come back. In other words, they became addicted to gambling and gradually became a bad image to their family and relatives. So I think gambling should not survive to make money. And in the end the result of gambling is very terrible. So if someone comes to gamble then he must come with good knowledge.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: ultrloa on February 24, 2024, 09:40:11 AM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

He just expect to much on gambling and think that its easy for him to win that's why he made up on some conclusion that its possible for him to earn a living on gambling but unfortunately everything spills out and he face the harsh realization about his activities done.

And its good that he has friends around giving an advice to stop what he does since if he continue to chase up for sure more lose will occur to him since I think he might be in desperate mode and everything will fall bad if he continue to gamble.

Gambling is not bad activities if done well that's why there's always reminder about gambling in moderation so that they will take it easy and just enjoy this activity.

Now since he's on treatment then much better he should not think other things that can cause stress like squandered business and he should focus on his medication so everything will be fine since he can start over again once he's fine and not bothered by past activities.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: swogerino on February 24, 2024, 09:51:44 AM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

You can have an online site hustle if you have 1000 dollars and of course I am not going to tell you which one as there are plenty of them,you just have to be careful to do your own research to not fall into scam as also scams online are in huge quantity.If they were talking as gambling with 1000 dollars and considering it as business that is the worse of all the ideas as that money can go as soon as just three days.

Therefore they should stop right away as if they continue their medical health condition will get worse and worse as that is the only way if you keep gambling and considering it as a business no matter what "strategy" you apply to it.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Outhue on February 24, 2024, 10:12:28 AM
I am very certain that right now he must have learnt his lesson that gambling is not a way of making a income, they learnt this lesson because they hide it from you, they knew what you are going to say already that's why they are avoiding you, things like this have happened to some people I knew too, they always learn after they refuse to listen to your advice and do their thing.

For the $1000 as a money for starting a business, I think its very small, I don't know which country you are in but this amount won't do too great in my country, the rent for a store alone will take a lot of that amount, the major problem is where you plan to rent for the business, it's so much that I've even decide to build a bigger store in front of my house after this bull market is over.

People who don't understand that gambling isn't any way close to investing in real assets will only learn the hard way, just like these friends, they must have believe that they are the smartest ones.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: livingfree on February 24, 2024, 10:53:50 AM
Everything that is too much and uncontrollable is bad. And I just mind my own business so if two people are talking about what they're up to and they're not including me to the conversation, I'll just keep my mouth shut.

And those gamblers that have been using funds that are dedicated for some important matters, as a capital to a business or anything like medical bills, monthly bills, etc.

There's only one thing that we can think of them and that's they're likely gambling addicts already. It's hard to control when they're on that point that they can spend money that's not actually for gambling.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: bitbollo on February 24, 2024, 11:00:10 AM
If it were so easy to win at gambling that you could make a living, there wouldn't be so many bookmakers and all the bettors would be very rich.  8)
It's clear that sooner or later you get "burned" by gambling and end up losing :(

I also agree with the comment that with $1000 at least in a country western it is really difficult to launch a profitable (legal) business...


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Agbe on February 24, 2024, 11:01:25 AM
Using gambling as a source in of income is an error and one can invest only use gambling as a alternative accidental way of income and not a source of income. Because the number of time one loss before winning once is mush more than the time of winning and I have said this in one of my gambling thread. As for me gambling nis not even side hustling but it is a Lucky game which you can win when you have the luck to win. As I said gambling is not a source of income but it is used to drain people income from other sources. If your want to make money in gambling just gambling once a while and not a habit that without it you can't live. Addicted gamblers have dedicated their lives to gambling. If anyone is doing a good business, in fact it is not even good to gamble.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Promocodeudo on February 24, 2024, 11:11:15 AM
The mindset of a gambler is never to quit even if the are not making fortunes, by this is bad for anyone to think that way, how will someone continues to expend in a thing that's not profit sure, that's madness, I hope your friend has learn, gamblers never quit unless something serious befall them, some people can be myopic in their reasoning, how would a right mind person think that he or she will make a living or a good money source through gambling, I think that's not possible, their are many business that can profit anyone who invest in it, gambling should never be an alternative talk more of a major source of income.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: shivansps on February 24, 2024, 11:54:08 AM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.


The point is probably not even about 1000 dollars, but about the fact that if a person is prone to gambling, then no matter how much money he has, there is a chance that he will lose it through bets or casinos or something like that. The issue here is not gambling or business, but a lack of basic knowledge, namely that you should not under any circumstances use money intended for business or for family or for anything important for gambling.
If this understanding is not there, then there is a possibility of problems arising both for the person himself and for the people who are nearby.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Wexnident on February 24, 2024, 11:55:36 AM
~
Erm there's actually more to it than just playing while losing your emotions to greed, it's also thinking of it as a method to quickly make your money bigger, just like in your case OP (or your friends). In fact, I'd much take your sample case as much worse compared to impulsive gambling since their mind is relatively free from influence of dopamine (the emotion thingy). The moment someone thinks of using gambling as a method to multiply their money is the moment you lose it all. There are rare cases, but those are on the extremely rare side like the FedEx president.

In fact, having that mindset and yet wanting to start a business only makes me see that said business would've flunked immediately since they'd start looking for loopholes to immediately make money lol.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Natsuu on February 24, 2024, 11:56:57 AM
Your friend's into some heavy gambling and it's taking a toll on him not just financially but also health-wise. It's important to remind him to set limits and know when to stop. Maybe suggest seeking support or finding healthier ways to cope with financial goals. Losing borrowed funds for a business restart is rough and a bit of advice could go a long way


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Hirose UK on February 24, 2024, 11:57:25 AM
~snip~

You can have an online site hustle if you have 1000 dollars and of course I am not going to tell you which one as there are plenty of them,you just have to be careful to do your own research to not fall into scam as also scams online are in huge quantity.If they were talking as gambling with 1000 dollars and considering it as business that is the worse of all the ideas as that money can go as soon as just three days.

Therefore they should stop right away as if they continue their medical health condition will get worse and worse as that is the only way if you keep gambling and considering it as a business no matter what "strategy" you apply to it.
In gambling it is business and it is clear that only those who own gambling sites and who invest there can make profit, but this all requires lot of money and of course it can reach tens of thousands or even hundreds of thousands of dollars to get started.
If are just gambler then it is not business because business is an activity that can develop and generate certain amount of profit while gambling is an activity that can spend money.
Moreover, with $1000 won't be able to have any business in gambling and if this is used for gambling capital then what you say is true is that it can run out very quickly with nothing left.
Everyone must be able to really take wise decisions with the money they have, if mistake occurs then the main thing that must be faced is to be willing to lose all the money.

I don't think there are people who consider gambling as business, I also believe they have too high hopes to see what is good and bad.
Not everything in gambling can be considered bad, but if the attitude and approach is wrong first then it is clear that it will only be bad result, they must immediately realize it before everything they have is lost.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: coin-investor on February 24, 2024, 12:03:48 PM

Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

This is two heartbreaks in a row when you loan money and plan to use it in gambling to expand your business and you happen to lose it and because of the loss you suffer from a deep depression that results in hospitalization, all of these happens because of your greediness, your greediness thinking that you can expand your business if you can double your money and you can pay the loan if you can win.

People should be satisfied with what they have and they have to contend with what they have and work their way up and not rely on gambling for a quick profit, the money that should be for business is for expansion if your friend just proceeds in using the money for their expansion they could have triple the amount and pay off the loan and further expand their business.

Now he is on a loan, and he cannot expand his business for lack of funds, the hard lesson here is never never take a loan to gamble, you are pressured to win and because you are pressured to win you can make careless decisions that will result in losing all your money.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: 348Judah on February 24, 2024, 12:13:14 PM
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

Maybe he just got taught of the lesson of his life not to rely on gambling for his lifetime achievement, one thing that is so common we often experience in gambling is that you don't see it coming even though you expected it, it doesn't come the way we planned in most cases, gambling also is not a means  of making money neither is it an investment, we are sometimes looking for an opportunity where there's none.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: slapper on February 24, 2024, 12:18:06 PM
~snip~

You can have an online site hustle if you have 1000 dollars and of course I am not going to tell you which one as there are plenty of them,you just have to be careful to do your own research to not fall into scam as also scams online are in huge quantity.If they were talking as gambling with 1000 dollars and considering it as business that is the worse of all the ideas as that money can go as soon as just three days.

Therefore they should stop right away as if they continue their medical health condition will get worse and worse as that is the only way if you keep gambling and considering it as a business no matter what "strategy" you apply to it.
In gambling it is business and it is clear that only those who own gambling sites and who invest there can make profit, but this all requires lot of money and of course it can reach tens of thousands or even hundreds of thousands of dollars to get started.
If are just gambler then it is not business because business is an activity that can develop and generate certain amount of profit while gambling is an activity that can spend money.
Moreover, with $1000 won't be able to have any business in gambling and if this is used for gambling capital then what you say is true is that it can run out very quickly with nothing left.
Everyone must be able to really take wise decisions with the money they have, if mistake occurs then the main thing that must be faced is to be willing to lose all the money.

I don't think there are people who consider gambling as business, I also believe they have too high hopes to see what is good and bad.
Not everything in gambling can be considered bad, but if the attitude and approach is wrong first then it is clear that it will only be bad result, they must immediately realize it before everything they have is lost.
Gambling is a house profit machine, not a player's enterprise. They have algorithms, capital, and an advantage. Joe average betting a grand? Donating to the casino's bottom line, not investing. We disagree because some gambling decisions are strategic or insightful. Not to glorify gambling, but to recognize that knowledge and discipline are important even in the most rigged games. You won't break the bank with $1,000, but the point is to understand odds, walk away, and respect money. The line between wasting money and taking sensible risks is there. Wise choices? Absolutely. Let's not ignore strategy just because the house has the advantage


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: teamsherry on February 24, 2024, 12:21:06 PM
Living off gambling is a very risky practice and your friend has learnt that lesson, just imagine how much he must have lost to realise that it's such a  bad idea to do that.

The truth is its a choice and he made that choice and he would also carry his loses on his head.

If he had invested that money using DCA, he would not have ended up in such a state and maybe by now he must have gotten some profit from this bull run, just imagine he invested only 200$ when bitcoin was still at 36k he would made almost double the money right now.

That money is also enough for him to start a mini bus tag would be giving him a cumulative of 100$ every month if he uses it very well.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: qwertyup23 on February 24, 2024, 12:44:22 PM
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.

That is actually very kind of your friends to not let you in this activity. Given that it is potentially addicting and dangerous, they probably understand that it is better if they keep it to themselves than to influence others which has the potential to spiral out of control.

Quote
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

I think that is just some rationalizing done by your friend to justify his actions in gambling.

I agree, $1,000 is not enough to start a business. He is probably that desperate to borrow money in order to fund his gambling addiction but you can clearly observe that he cannot control his urges. Unfortunately, your friend is in a very tight position where he got stuck in the cycle of gambling.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Renampun on February 24, 2024, 12:45:48 PM
...
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

This is wrong thinking. Maybe there are several stories where a successful gambler doubled his money in gambling and was finally able to start his business again well and smoothly, but things like that are very rare, it would be better if someone just opened a business with enough money. he really had it from the start even though it was just a loan, because starting a business with money earned from gambling is very risky.
btw, I have to admit, your friend has a very brave mentality. People like him are often the ones who become successful people, he dares to take risks and that is one of the conditions for being a successful person in life, in contrast to those who always play it safe, they it will be difficult to be successful.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Ever-young on February 24, 2024, 01:29:41 PM

I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.



maybe that's why they don't want to tell you because they know that things are going a bit sideways in their business and it's only right that they don't tell you about their sources of income. even if you are one of the closest friends because it's a matter of confidentiality. Like what you've said, You never see anything wrong about doing a gambling business as long as you know how to control your money, decisions and emotions, that's all true and it will only become wrong if you cannot handle well your financial expenses and you've already developing gambling addiction.

You make an important point. people might not be willing to disclose their sources of income to others for some reasons, either they're not proud of their sources of income or they're afraid of being judged or criticized by others. I also believe there's an element of personal privacy in display here. Just because you're closed friends with someone doesn't guarantee that you have access or you're entitled to all his personal life, especially the financial aspect of his life.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Peanutswar on February 24, 2024, 02:07:47 PM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.

Gambling is not always the key to making an earning, that's why it is called gambling, you make a gamble with your money, and there's not as always an assurance that you will win the game, its a 50/50 chance of winning it depends on the game you are playing with, like your friend experienced he play gambling as a source of income, at the end of the day the luck is not with him, at least your friend doesn't lose control and seek more money to gamble and take a loan, most of the desperate gambler doing this kind of act and at the end, they lose their money instead getting back their losses. Hoping they will recover with this charge to experience mistake.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: joeperry on February 24, 2024, 02:11:46 PM
Your friend has some serious gambling problem I can say. Personally I wouldn't recommend gambling to be your main source of income, never. We know that the gambling site will always gonna win, you will lose more than you will win and risking the fund that supposed to be in business in gambling is a big mistake.

That is true gambling is not that bad unless it would affect you badly such as making a terrible decision (just like your friend). It's supposed to be for fun and entertainment only, though we can't really help it as it's one of the fastest way to double up your money but also fastest way to ruin you financially.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: TheUltraElite on February 24, 2024, 02:14:56 PM
So your friends are being secretive about their gambling "hustles" and dont want you to know?

That and pre-existing mental health problems dont go good together and indeed are a recipe for disaster. As a friend you can only warn them about it. Gambling cannot be a source of income, its a game of chance and if you win big stop, or else you are going to lose it all.

Your friend is making a mistake, they will lose money and then go to another debt and not be able to run a business at all.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Beparanf on February 24, 2024, 02:23:41 PM
If he had invested that money using DCA, he would not have ended up in such a state and maybe by now he must have gotten some profit from this bull run, just imagine he invested only 200$ when bitcoin was still at 36k he would made almost double the money right now.

That money is also enough for him to start a mini bus tag would be giving him a cumulative of 100$ every month if he uses it very well.

Sadly, Many still preferred quick profit rather to slowly but surely profit from investing. I think he is looking forward to increase his business capital instantly since he needed it immediately that’s why he try his luck on gambling.

This is really a bad idea and he should just take a business loan to get the additional money that he needed to start already the business. He can slowly pay back the loan with minimal interest using the business profit. This is much better than losing everything including the capital for business.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: goaldigger on February 24, 2024, 02:35:42 PM
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
That's addiction already and considering gambling as a source of income or business if you are a player is not good.
I don't want to say this but better not to listen to your friend if he asked you to gamble with him, because for sure you'll be corrupted and you might ended up with the same faith. If you have a good business better not to mixed your money from that business and if you really want to gamble, set aside some budget for it and don't over spend, you should gamble responsibly.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: rozak on February 24, 2024, 02:42:30 PM
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

doesn't care about the amount of capital he has lost. but what is very clear is that your friend is doing something wrong with his gambling.
I'm worried whether your friend knows there's something wrong or not. perhaps they are still ambitious to put in more to catch up with the losses they have experienced.
There will indeed be gamblers who consider gambling as a profession. but I'm not sure they will last long, when they get a streak of losing, they will finish with regrets.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: alastantiger on February 24, 2024, 02:52:02 PM
In gambling, you learn the easy way or you learn the hard. The easy way is from other people's experiences. The hard way is from your own very bitter experience. Starting a business no matter how small or finding gainful employment no matter how small cannot be replaced nor compared with turning to gambling as a side or main hustle.

Good friends will proffer good advice even when we don't want to hear it. Even though your friend has learned a very hard lesson there is no assurances that he will not be enticed to repeat the same mistake again. He should deal with the cause of his mistake which is the onset of gambling addicition and not the effect which is using money meant to start of business for gambling.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: AVE5 on February 24, 2024, 03:11:14 PM
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

I'm really skeptical if 1000$ can really give you a lucrative business in my country but maybe in your country since that amount is only the price of the business location with very rental small place but resorting to gambling using the funds that is intended for important matters is always a big red flag because you are risking the money that you can't afford to lose.

I thought the amount involved here is around 10K or more since it sounds like very serious while reading the introduction of the story including the colluding just to hide gambling. But I will do the same of hiding my gambling activity to others if someone knew enter to my place though even though I'm just playing for fun because it's not cool being known as a gambler in my country. Your friend is still lucky to still involve not that significant amount of money on gambling because he can easily repaid it through jobs.
It is either you are a high staker in the gambling or the $1,000 lost is as little not to be compared to your income rate that is why you are not moved by when this guy couldn't stand the fact that he lost $1,000 in the gamble. Well maybe I should recall to you that as financial levels differs so also we know the little and big amounts of funds we could be found as treasures which centrally depends on our incomes rate.
This is a local gambling in question and we are talking about a fund in a hard currency of $1,000 that is equivalent to #1,690,000 to his traditional currency. I guess you see a million plus is involved here. Haha.
This just to let you know how valuable the lost fund is and how such amount could attain a lucrative level of businesses within his locality considering that it was also a borrowed fund for a business purpose just as you are aware.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Queentoshi on February 24, 2024, 03:33:44 PM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do
When people are doing things that they are not expected to do or should not be doing, there is always the act to trying to do it in secret, so other people will not know. Your friend knows your opinion on gambling and that you will never approve of it as a source of income. 

Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
If he could slump from loosing a bet, it is not impossible for him to die from it. He should check his health and ensure he does not have any underlying health challenge like high blood pressure, that could lead to his death from gambling.

At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
You may have calculated it to be enough for you, but to some other people, it is not enough.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Yatsan on February 24, 2024, 03:36:50 PM

At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
Anything could just be called a "business" anyway. But I doubt they are in the wrong side of gambling industry as long as they are aware of things. As OP have mentioned, the friend have said that losing is a part of what they are calling business and that's just the reality of gambling. Then if the question is how come others are making a living out of it? Proper risk management and control with bankroll I guess. They won't be continuing gambling in the first place if they are not in profit right? Again, there's nothing wrong as long as you can manage the risk in gambling. They have their own ways to strive. You cannot call something a bad thing if it works for them. It is just not for everyone given how risky gambling is.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
That's addiction already and considering gambling as a source of income or business if you are a player is not good.
I don't want to say this but better not to listen to your friend if he asked you to gamble with him, because for sure you'll be corrupted and you might ended up with the same faith. If you have a good business better not to mixed your money from that business and if you really want to gamble, set aside some budget for it and don't over spend, you should gamble responsibly.
Gambling addiction is being problematic with gambling activities. If they are doing well then I doubt that they are in such state. It is just a different mindset than most of us since many people are against being too hooked up with gambling. In most instances, it is bad but we just cannot categorize gamblers into one; there will always be those which are succeeding.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: mindrust on February 24, 2024, 03:52:55 PM
I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

Amazing some people can build a business for $1000 while some people spend this money for their lunch and dinner... If $1000 is a life changing money for you then you shouldn't be gambling with that money. I don't know what kind of a business can you start with $1000 but if you really think it is lucrative then you should do it right away. You can buy a laptop and start your own software engineering company maybe?  8) What is the ROI of that business you start for $1000 anyway? Can it make $1000 a year? If  you invest in stocks it will only return $50-100 dividends annually...


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Mauser on February 24, 2024, 04:10:28 PM

Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

I really don't understand how anybody can use borrowed money for gambling. As soon as you place a bet with borrowed money you are at risk to lose your money twice. You not only have to repay the loan you took out but also lost all your gambling funds. Especially when you look at gambling at a source of income that we shouldn't be using any money that isn't our own. The whole concept of making money is through gambling is way too risky got me. I feel like I would never be able to make a consistent form of income through gambling. Also the amount of money needed for low risk returns in gambling is really high, which is why casinos have maximum bet limits. Without it all people would follow martingale strategies.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Blitzboy on February 24, 2024, 04:32:20 PM
Your story should wake up your friend and anyone considering gambling as a career. Your acquaintance has suffered through a road of more losses than successes. Gambling, especially with borrowed money, is risky. Gambling to launch a business is a myth. A firm needs a solid foundation, not chance. That $1,000? Golden opportunity wasted on gambling tables. I advise you and anyone in a similar circumstance to explore that amount's business investment potential.

Financial knowledge and accountability must be addressed. Gambling will never replace strategic business planning and execution. Early recognition improves recovery and future sustainability. Making sensible decisions, learning from failures, and pushing forward with a vision are key.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Dr.Bitcoin_Strange on February 24, 2024, 07:24:38 PM
Not everyone can actually manage a business; some people just need a good job for a sustainable income so that they can take care of their needs and also have fun when they want. I usually tell those people who hate gambling that gambling is not a bad activity, but rather that some addicted gamblers have a bad lifestyle towards gambling, which ends up causing problems for their lives and can even destroy the lives of some of those compulsive gamblers. 

If you are very close friends with those two guys discussing gambling as a means of income, I will suggest you just have to advise them to not handle gambling in the way they are going about it. At least if they can head to your advice, that's what you owe them as a true friend who doesn't allow their fellows to get misled. Let them get a job, save up money to invest, or start a business if they have the capability to do so. They can gamble if they want, but they should not handle it as a means of income. 


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Wakate on February 24, 2024, 07:50:40 PM
I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

Amazing some people can build a business for $1000 while some people spend this money for their lunch and dinner... If $1000 is a life changing money for you then you shouldn't be gambling with that money. I don't know what kind of a business can you start with $1000 but if you really think it is lucrative then you should do it right away. You can buy a laptop and start your own software engineering company maybe?  8) What is the ROI of that business you start for $1000 anyway? Can it make $1000 a year? If  you invest in stocks it will only return $50-100 dividends annually...
There are also people that are very skilled when they gamble and they can easily turn $1000 to $5000 with stress. Those kind of people most time take too many risks just to earn more. Gambling is all about stay safe when gambling but sometimes we all need to go in fully to make money as fast as possible. If we keep taking little or no risk while gambling, we may never win or make huge profits. Our profits will be less compared to those that keep taking risks to win a jackpot. We need just a single risk and luck to get what we had been struggling for in gambling. Let's go in fully with a good skill.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: famososMuertos on February 24, 2024, 08:19:54 PM
First of all, another story like, my friend's friend bet, and then he told me, I told him, it's a bad idea not to bet.

It's like a template
.
start/here is mine, but with a "deeper focus:"

🗣️🤔:Today I got up, called my friend and told him: Barcelona is playing today, how much I bet."

👤🤫: He answered that the potluck is very low, around @ 1.2, if we are going to risk with $1000 of the funds that managed, we has to have more profits.

 🗣️🤔: but we would earn $200, that's fine, especially for $1000 that is not ours.

👤🤫: responds, let's go for it, let's play a BB, that way we can win up to 5 times, it would be $4000 profit.

🗣️🤔: it's not right to do that, the risk is very high.

🙋😞 Everyone's friend appears and says you are addicts.

Template/end.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Lorence.xD on February 24, 2024, 08:38:59 PM

Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

I really don't understand how anybody can use borrowed money for gambling. As soon as you place a bet with borrowed money you are at risk to lose your money twice. You not only have to repay the loan you took out but also lost all your gambling funds. Especially when you look at gambling at a source of income that we shouldn't be using any money that isn't our own. The whole concept of making money is through gambling is way too risky got me. I feel like I would never be able to make a consistent form of income through gambling. Also the amount of money needed for low risk returns in gambling is really high, which is why casinos have maximum bet limits. Without it all people would follow martingale strategies.
Well, it will never be advised to anyone in this industry. In some instances, borrowing in form of loan for an investment is a good idea as long as that investment could pay the interest of what you borrowed. Unfortunately, I never viewed gambling as an investment. I get the idea in particular with profit expectancy but things are just not the same. With gambling, it is either you win big or lose big. Much better to just bed with higher odds in order to have bigger rewards but the point here is whether gambling could be a good source of income. Any amount could be turned into an investment however, once things are done then it's done.Gambling could be a good source of income nut that is only if you are lucky with the career itself.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Juse14 on February 24, 2024, 09:16:07 PM
In this life nothing is instant, where everything has to go through a process and be done gradually. When starting a business, no business can suddenly become big, everything starts from zero and continues to be improved gradually. It's like climbing a ladder, where to get to the top we have to put our feet on every step we take. And $1000 is an amount that is considered large enough to be able to start a business, and if your friend is confident enough about the business he is going to start, then why doesn't he just start it with minimal capital and/or when he feels it's still not enough, why doesn't he just take out a loan? or even collaborate with other parties to get an injection of funds,? because in my opinion it is something quite rational compared to risking capital money to gamble whose results are uncertain.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Saint-loup on February 24, 2024, 10:35:22 PM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
Which type of game he is gambling? Because if he borrow money not to try to win back his losses or to repay his debts but to make profits with the funds he must be very good at those games. Even if your are very good at some games you can't be sure to win each time unfortunately because the likelihood to win is never 100%, except if you are able to bet on a event that already happened and you know what is the winning outcome.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Marvelman on February 24, 2024, 10:57:24 PM
Your friend's got himself into a right mess with that gambling.  I know you think it ain't all bad, but borrowing money to gamble til he lands himself in the hospital? Pretty clear sign of trouble if you ask me and   

hey, it's good you worry about him and all.  Just tryin to tell him it ain't bad when he's strugglin' so hard might not work.

Dudes gotta admit he's got a real problem here, not make excuses for it, right?


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: AmoreJaz on February 24, 2024, 11:07:45 PM
Your friend's got himself into a right mess with that gambling.  I know you think it ain't all bad, but borrowing money to gamble til he lands himself in the hospital? Pretty clear sign of trouble if you ask me and   s

hey, it's good you worry about him and all.  Just tryin to tell him it ain't bad when he's strugglin' so hard might not work.

Dudes gotta admit he's got a real problem here, not make excuses for it, right?


A typical story of a gambler, where he would take the risk of the funds meant for other important aspect of his life. Though it is not a new story in gambling, but people should learn how to handle themselves in front of their games, so as not to compromised them into a tight situation.

I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
Amazing some people can build a business for $1000 while some people spend this money for their lunch and dinner... If $1000 is a life changing money for you then you shouldn't be gambling with that money. I don't know what kind of a business can you start with $1000 but if you really think it is lucrative then you should do it right away. You can buy a laptop and start your own software engineering company maybe?  8) What is the ROI of that business you start for $1000 anyway? Can it make $1000 a year? If  you invest in stocks it will only return $50-100 dividends annually...

Now, these days you can basically start your business at the comfort of your home. Just look at the freelancer market and you will understand that 1000 bucks can really go a long way, depending on your skills and strategies. Thus, I can believe that someone can start something profitable from this amount, even less if he knows what he's doing and he has the skills to grow that amount of money. So don't look down at people who can say, they can start a business with this amount because some people can really make it.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: nara1892 on February 24, 2024, 11:21:08 PM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
Which type of game he is gambling? Because if he borrow money not to try to win back his losses or to repay his debts but to make profits with the funds he must be very good at those games. Even if your are very good at some games you can't be sure to win each time unfortunately because the likelihood to win is never 100%, except if you are able to bet on a event that already happened and you know what is the winning outcome.

Honestly I never thought that anyone would be able to make a profit or even make gambling their business if you are basically nothing more than an ordinary gambler like everyone else. I'm not saying that you can't win because all gamblers have a chance of winning but the problem is that it's not that easy to win especially when your gambling is based on the idea of making money in order to pay off debts or to recover from previous losses.

On the other hand as you said that he must be really skilled in the type of game he chooses but as I said above that all gamblers only have "chances" and not "reality", in the sense that there is absolutely no certainty that can guarantee them to actually earn. However gambling has always been an activity that moves without certainty, I would only believe that you can really make a profit if you are basically the owner of the casino itself that regulates its systems and algorithms.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Casdinyard on February 24, 2024, 11:39:08 PM
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

I'm really skeptical if 1000$ can really give you a lucrative business in my country but maybe in your country since that amount is only the price of the business location with very rental small place but resorting to gambling using the funds that is intended for important matters is always a big red flag because you are risking the money that you can't afford to lose.

I thought the amount involved here is around 10K or more since it sounds like very serious while reading the introduction of the story including the colluding just to hide gambling. But I will do the same of hiding my gambling activity to others if someone knew enter to my place though even though I'm just playing for fun because it's not cool being known as a gambler in my country. Your friend is still lucky to still involve not that significant amount of money on gambling because he can easily repaid it through jobs.
In some countries a thousand bucks could set you up with a small business, primarily in the micro-food industry. In the Philippines, you could get your own Siu Mai stall for cheaper than that, I wouldn't be surprised if some other third-world country out there could make bigger use of the 1000 bucks that they are talking about. Besides, OP's friend's is more likely a micro-entrepreneur. So thousand dollars to start up a business, not really that unbelievable.

What concerns me more than the capital they made up with is the fact that they are looking for it in one of the worst places you could look for money which is casinos. You're better off saving your money instead of wishing it would yield more in a short span of time, cause if you're looking for instant gratification all you're going to get is a zero balance at the end of the day and a diminished desire to keep up with the business you're trying to create and a greater desire to earn money the easy way, which would then snowball into something even more problematic, until you find yourself addicted to gambling without you even knowing it. 

Sucks total balls to be OP's friend but this is a crucial part of his journey that needs further help and assistance in my opinion. If he is able to assist his friend in getting out of this sticky situation, he may not only salvage the business dream, he may also save his friend from ruining his own life for good.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Assface16678 on February 24, 2024, 11:42:57 PM
Your friend's got himself into a right mess with that gambling.  I know you think it ain't all bad, but borrowing money to gamble til he lands himself in the hospital? Pretty clear sign of trouble if you ask me and   s

hey, it's good you worry about him and all.  Just tryin to tell him it ain't bad when he's strugglin' so hard might not work.

Dudes gotta admit he's got a real problem here, not make excuses for it, right?


A typical story of a gambler, where he would take the risk of the funds meant for other important aspect of his life. Though it is not a new story in gambling, but people should learn how to handle themselves in front of their games, so as not to compromised them into a tight situation.
.Well, true, this is common. Even if this story or statement is true, it is common that many gamblers risk their money to be used for other things and use it to gamble in the hope of earning or double it, but in reality, that's not always the case, so after the result of their gambling, they will either have regrets or they will be in joy because they got a win. If you ever treat or hope gambling as a source of income, then you are digging your own grave. Gambling will never ever be a source of income as it has the bigger chances of losing money. No, expect that you will lose more than you would win. Yes,  if you win or hit a jackpot, it could change your life, but the thing is that luck will never be given to those just hoping. Instead of investing or doing business, stop gambling if you are not responsible enough.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: ralle14 on February 25, 2024, 12:04:17 AM
That reminds me of an old story where an owner of a well-known business gambled the remaining portion of their funds in hopes of avoiding bankruptcy and it paid off once their bets ended up winning.

I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
If it's an idea expected to fail, they most likely thought you'd try to stop them, and maybe that's why they kept it a secret. It might've been a different story if he won, but still relying on luck, specifically through gambling, always backfires.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: klidex on February 25, 2024, 02:56:08 AM
Gambling cannot be used as a source of income, let alone a business because in fact your friends are actually experiencing bigger losses, playing gambling is not worth making a business because the real business is the gambling owner who creates gambling because they get big profits, if he makes gambling games a business he will never be successful, only people with stupid minds really think they can be successful if they gamble, no one really knows luck and we have certainly heard of some people who are successful because they win large bets, but it must be remembered that people who are involved in the world of gambling There are very many and no more than 10 people are truly successful in their gambling out of the many people throughout the world.

To start a small business, $1000 is enough because starting a business doesn't require a large amount of capital right away because everyone's abilities are different, depending on what business you want to do, whether you want a culinary business or a basic ingredients business such as rice or oil, there are many type of business so adjust it to your abilities ;)


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: wxa7115 on February 25, 2024, 03:24:22 AM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
A person that does not make an effort to take control of their life, will see that control being snatched away by someone or something, like it is the case here.

Your friend is in big trouble, not only they were doing something they should not be doing, gambling away funds they borrowed to start a small business, they knew very well this was a bad thing to do and intentionally hid it from you and most likely other people that could have helped him to avoid making that mistake, which is a sign addiction has taken over and if drastic measures are not taken now, it could be very difficult for your friend to ever recover.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: boty on February 25, 2024, 03:55:46 AM
Gambling cannot be used as a source of income, let alone a business because in fact your friends are actually experiencing bigger losses, playing gambling is not worth making a business because the real business is the gambling owner who creates gambling because they get big profits, if he makes gambling games a business he will never be successful, only people with stupid minds really think they can be successful if they gamble, no one really knows luck and we have certainly heard of some people who are successful because they win large bets, but it must be remembered that people who are involved in the world of gambling There are very many and no more than 10 people are truly successful in their gambling out of the many people throughout the world.

To start a small business, $1000 is enough because starting a business doesn't require a large amount of capital right away because everyone's abilities are different, depending on what business you want to do, whether you want a culinary business or a basic ingredients business such as rice or oil, there are many type of business so adjust it to your abilities ;)
Of course there is no gambling that can be used as a source of income and most people who gamble will get a lot of losses and if someone makes gambling as a business of course this is very ridiculous and no one will be able to make a profit from gambling on a regular basis and it is profitable for the gambler and also I have never found anyone who can be successful in the gambling they play.

When someone decides to start a business, of course they must have knowledge and expertise in the business they are going to build and with just $1000 in capital, I think they will be able to run the business they are going to build as long as they have a good grasp of the business they are going to build.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: bitvalak on February 25, 2024, 04:15:52 AM
The mistake is to think that gambling is a sure thing to pursue as a money maker. I don't know how much more money he has to sacrifice just to raise capital and then start a business in another field.
The most sensible solution is to find a number of investors to finance your friend's business, but there must be a portfolio of businesses that he has successfully run so that investors will be happy to help him.
Hopefully that way your friend can develop better, and the most important thing is to stop gambling using money and important assets.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: bangjoe on February 25, 2024, 04:19:27 AM
The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
Definitely it is the nature of the business. No matter the losses gamblers never quit they always have the assurance that they would win and that losing is something that must surely happen along the line. So it doesnt hurt them as long as they will also win massively. Also it depends on the amount the gambler use to gamble. If it is something big then he has to reduce the weight of it. I cant find it interesting when a gambler continue losing with huge sum of money expecting that when he wins it will be a very huge sum of money. Sometimes, when you calculate the cumulative loses and then compare it with his wins. It may end up that he had acquired more loss.
hahahah and what often makes me laugh is that their guarantee is their own hope so it's not from data or research that gamblers will get huge profits and can change their lives 180 degrees easily like turning their hands.
The false hopes that can make gamblers come back again and again to lose their money if what they are aiming for is victory, I can believe in a sentence, gambling is considered a place of entertainment by those who are rich, and is considered a place to earn income by those who are poor, so if there are people who really want make a money in gambling, it is certain that they are financially and knowledgeably poor.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: PytagoraZ on February 25, 2024, 06:20:25 AM
The false hopes that can make gamblers come back again and again to lose their money if what they are aiming for is victory, I can believe in a sentence, gambling is considered a place of entertainment by those who are rich, and is considered a place to earn income by those who are poor, so if there are people who really want make a money in gambling, it is certain that they are financially and knowledgeably poor.

Hope is one of the selling points of gambling, even if it is just false hope. So that gamblers don't give up even though they lose many times, gamblers will think "who knows maybe today I'm lucky" "who knows maybe I'll get the jackpot".

When they lose again, they will regret it and think they will not gamble again because they have already spent a lot of money. But if they have more money "let's try again, it's impossible to keep losing, this time we will definitely win". If they get a small win then they will continue gambling until they lose again, this cycle will continue over and over again.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Oilacris on February 25, 2024, 06:54:56 AM
The false hopes that can make gamblers come back again and again to lose their money if what they are aiming for is victory, I can believe in a sentence, gambling is considered a place of entertainment by those who are rich, and is considered a place to earn income by those who are poor, so if there are people who really want make a money in gambling, it is certain that they are financially and knowledgeably poor.

Hope is one of the selling points of gambling, even if it is just false hope. So that gamblers don't give up even though they lose many times, gamblers will think "who knows maybe today I'm lucky" "who knows maybe I'll get the jackpot".

When they lose again, they will regret it and think they will not gamble again because they have already spent a lot of money. But if they have more money "let's try again, it's impossible to keep losing, this time we will definitely win". If they get a small win then they will continue gambling until they lose again, this cycle will continue over and over again.
Hopes and anticipations and being too positive or optimistic about becoming rich or could solve out money problems via gambling is something that really fuels someones hopes that they would really be able to make money with it or possibly be able to make winnings and when reality slap out into their faces then this is where things becomes messy and this is something that we should really be
realizing on the first hand. When you do have that kind of source of income intent then you would really be ending up yourself that kind of huge problem because despite of the extreme loses
do you have, you would really be still that making yourself do play further more until they would be busting up.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Asuspawer09 on February 25, 2024, 07:32:20 AM
Gambling surely destroys his thinking already, I mean after losing a business he's already thinking of gambling and thinking that he might win just to expand his business without even thinking about the risk of it.

Its surely not that easy to recover from the loss of a business for sure it was a decent amount of money that is lost just because of gambling, he just got the wrong mindset thinking of a possible shortcut on how he could earn a huge amount of money in just a short amount of time which is risky and wrong when starting a business, yet alone involving gambling on starting a business that doesnt really going to make any sense. You could totally start a good business with 1000$ but it just gonna take a lot of effort as long as you are not lazy and doing the work there is a very low chance that your business is gonna fail for sure, but this guy is already thinking of gambling that just means that is wanted to take a shortcut and risk everything again, it just not going to work.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Gheka on February 25, 2024, 08:00:45 AM
Gambling surely destroys his thinking already, I mean after losing a business he's already thinking of gambling and thinking that he might win just to expand his business without even thinking about the risk of it.

Its surely not that easy to recover from the loss of a business for sure it was a decent amount of money that is lost just because of gambling, he just got the wrong mindset thinking of a possible shortcut on how he could earn a huge amount of money in just a short amount of time which is risky and wrong when starting a business, yet alone involving gambling on starting a business that doesnt really going to make any sense. You could totally start a good business with 1000$ but it just gonna take a lot of effort as long as you are not lazy and doing the work there is a very low chance that your business is gonna fail for sure, but this guy is already thinking of gambling that just means that is wanted to take a shortcut and risk everything again, it just not going to work.
Gambling has a lot of glamor attached to it as well as a scent that attracts most of the people who are desperate for financial gain, exactly as many people imply, the shortest path with the least amount of effort and time, even turning around a situation that cannot be solved by ordinary efforts but sadly, that's just the ideal image molded from the participants. This is originally a forest for those who are lost, searching deeply only to be hit with indistinguishable illusions, paralyzing a correct perception, it's not a place to restore, it's a place to rot


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: CODE200 on February 25, 2024, 08:08:17 AM
The mistake is to think that gambling is a sure thing to pursue as a money maker. I don't know how much more money he has to sacrifice just to raise capital and then start a business in another field.
The most sensible solution is to find a number of investors to finance your friend's business, but there must be a portfolio of businesses that he has successfully run so that investors will be happy to help him.
Hopefully that way your friend can develop better, and the most important thing is to stop gambling using money and important assets.
That's not how they see it, the real mistake is from the fact that they're seeing gambling as a way to multiply their money and that they don't see anything wrong with it despite the inherent risks that are accompanying gambling ever since, I do feel like the reason that people are still considering this kind of thing as a way to make themselves some steady income is because they're too lazy or they just don't like working their bones doing something that actually contributes to the society and to themselves, that's probably a really sad thing if you ask me, they don't like the idea of working for someone but they will gladly lose their money to another individual because they think that they can win money from them and this people still think that the risk is fair when it's not in the first place. To everyone that's considering to do this, make sure that you don't got a family to feed because gambling to make a steady income is a disaster waiting to happen.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: bangjoe on February 25, 2024, 08:38:20 AM
The false hopes that can make gamblers come back again and again to lose their money if what they are aiming for is victory, I can believe in a sentence, gambling is considered a place of entertainment by those who are rich, and is considered a place to earn income by those who are poor, so if there are people who really want make a money in gambling, it is certain that they are financially and knowledgeably poor.

Hope is one of the selling points of gambling, even if it is just false hope. So that gamblers don't give up even though they lose many times, gamblers will think "who knows maybe today I'm lucky" "who knows maybe I'll get the jackpot".

When they lose again, they will regret it and think they will not gamble again because they have already spent a lot of money. But if they have more money "let's try again, it's impossible to keep losing, this time we will definitely win". If they get a small win then they will continue gambling until they lose again, this cycle will continue over and over again.
Hopes and anticipations and being too positive or optimistic about becoming rich or could solve out money problems via gambling is something that really fuels someones hopes that they would really be able to make money with it or possibly be able to make winnings and when reality slap out into their faces then this is where things becomes messy and this is something that we should really be
realizing on the first hand. When you do have that kind of source of income intent then you would really be ending up yourself that kind of huge problem because despite of the extreme loses
do you have, you would really be still that making yourself do play further more until they would be busting up.
And even worse we can't stop that kind of repetitive logic to ourselves and even to those closest to us who are in a position like that, I myself have experienced that kind of thing but I am quite grateful that I can change and not until everything is lost from what I have achieved in this world.

They think they will get rich quickly or at least have the capital to start a business from gambling with small capital but they mistakenly think that gambling can do it, in fact it is just a hope and you will regret it, it's that simple to destroy a fool and the casino takes away his wealth.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: lienfaye on February 25, 2024, 08:49:15 AM
So I caught my friend up having gambling as a source of making incomes.
A situation that is not really unusual. The possibility of gaining money is the main reason on why new/old gamblers are tempted to use their money in gambling. Then, if the outcome is not what they expected it to be, that's the moment they realized their mistakes.

Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
There's nothing wrong if we try our luck in gambling. However, it is wrong to have a high expectation to win and worse if the funds you use are a borrowed money. A greedy gambler will likely end up like this. Sometimes you have to experience it yourself before learning a lesson. But of course much better to become aware of the worse case scenario before trying to use your money in gambling. Don't gamble hoping you can double your money in snap because that's not often the case.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: bluebit25 on February 25, 2024, 08:51:56 AM
It can bring income and a large job system to many people but I think it is not a way to make money from gambling. But the house is the one who can do that and they exploit the players, and turn the players into money making tools. From the player's perspective, I have not seen many people who can claim that it is a job that generates income for them. The few people who can do that (very few).
And accepting that it is a way for us to satisfy our needs (of relaxation), gambling can be a serious problem, but with care and support from friends and family, gambling can be a serious problem. Your family and friends can get through it. Be patient and accompany him during the detoxification process and guide him to more positive activities.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Gormicsta on February 25, 2024, 08:58:40 AM
There's nothing wrong if we try our luck in gambling. However, it is wrong to have a high expectation to win and worse if the funds you use are a borrowed money. A greedy gambler will likely end up like this. Sometimes you have to experience it yourself before learning a lesson. But of course much better to become aware of the worse case scenario before trying to use your money in gambling. Don't gamble hoping you can double your money in snap because that's not often the case.
I believe there are a few things one may take to approach gambling in a responsible manner. First and foremost, it's critical to establish boundaries for yourself regarding the amount of money and time you're ready to spend playing. It's also important to have a clear understanding of your motivation for gambling: are you doing it for fun or to reach a certain financial goal? Lastly, it's important to be aware of the warning signs of addiction and to know when to give up if you start to feel like you're losing control.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Pi-network314159 on February 25, 2024, 09:05:39 AM
Sometimes I wounder what people think gambling is. Gambling is not a business, it is just a game to try luck or some people may say gambling is for fun. Gambling should not be a top priority of making a fortune but a way of just trying luck which does not need to spend a lot of money on it but spending less amount which you can afford to lose. The $1000 is not a small amount of money in my country. That money can start a small scale business that can be yielding you money on a frequent basis.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: len01 on February 25, 2024, 09:12:15 AM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
your friend seems to have the wrong mindset in understanding how gambling works and engaging in excessive gambling activities causes him to experience big losses when the money he was going to use to open a business ends up being lost in gambling.
It is very clear that gambling is only about winning or losing, but the chance of losing is greater than winning because gambling is built to provide profits for gambling owners, not to give money to customers.
events like this are what make gambling look bad in the eyes of other people out there, whereas gambling actually doesn't have any problems as long as you are able to take responsibility for all the risks you will get by betting with the cold money you have and not betting when you don't have any money left but a wrong understanding of gambling makes a bettor lose a lot of money and makes gambling's reputation bad in the world's view.

your friend may now feel very regretful and feel very sad after losing a lot of money after having too much hope in gambling, but in this way your friend gets a very valuable lesson not to make mistakes again and think that gambling just a place to try your luck with numbers small.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Miles2006 on February 25, 2024, 09:12:28 AM
This is just a normal act done by most gamblers, some of them are jobless people without a source of income, they have refuse to change and I'm sure your friend will go back to gambling but I think he needs a little advice never to borrow money for a higher expectation, this is very bad and most people can end up taking their life if the money is so huge.
What's the point taking loan to gamble and besides gambling is unpredictable so how sure to the extend of borrowing money.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: angrybirdy on February 25, 2024, 09:52:29 AM
This is just a normal act done by most gamblers, some of them are jobless people without a source of income, they have refuse to change and I'm sure your friend will go back to gambling but I think he needs a little advice never to borrow money for a higher expectation, this is very bad and most people can end up taking their life if the money is so huge.
What's the point taking loan to gamble and besides gambling is unpredictable so how sure to the extend of borrowing money.

If you really care to your friend, then give them a piece of advice that never ever borrow money just to gamble because it will turn them having a big problem if ever they didn't manage theirself.
If a person end up taking their life, surely that they are having worst and depressing time and that's sad to know.
so it's better that while it's still early, we can prevent the things that can happen so that it doesn't lead to such an event like suicide.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: ethereumhunter on February 25, 2024, 12:22:17 PM
You can asks you friend what he is doing. if that is gambling, you should advice him not to continue his gambling activity because that can make his life in a mess. You can tell that he will difficult to win much money from gambling because gambling is not a source of income or a job that can give him an income. Yes, people can win from gambling but the matter is not many people can win a lot of money from gambling. If he can realize his mistake and want to fix it, you must help him and stay besides him to support him. Maybe he is not yet being addicted but who knows. But he already borrowed some fund so he needs to repay the fund before he can decide what he needs to do. But don't start from gambling because that is not a good idea.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Lida93 on February 25, 2024, 12:43:44 PM
Losing is an expected aspect of gambling which to me there's nothing wrong in experiencing losing as a gambler. The losses and winnings must interact but it's more adored to have more winnings than losses. What I don't subscribe to is using money not meant for gambling to gamble, it's a risk not worth giving into, using a business money in gambling under the auspices of doubling it is just another form of irresponsibility and lack of objectivity to the person.

The worst set of friends to have are those friends that can't put you on track when you're falling off from it and when you have those sets of people as gambling friends be rest assured you will run out of finances recklessly and they would make you feel you're still doing alright at it when conspicuously within you you feeling something isn't just right but their company makes it all appear right.



Title: Re: Outcomes of insighting gambling for a source of income.
Post by: KiaKia on February 25, 2024, 01:02:01 PM
I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

Amazing some people can build a business for $1000 while some people spend this money for their lunch and dinner... If $1000 is a life changing money for you then you shouldn't be gambling with that money. I don't know what kind of a business can you start with $1000 but if you really think it is lucrative then you should do it right away. You can buy a laptop and start your own software engineering company maybe?  8) What is the ROI of that business you start for $1000 anyway? Can it make $1000 a year? If  you invest in stocks it will only return $50-100 dividends annually...
Why not? $1000 or nothing, which one is better? Some people want the best at the beginning of their journey, but they failed to understand that you have to start from somewhere, I never had anything when I started making money from crypto, if anyone has $1000 I will advice them to start the business still, you don't have to get the whole money to start, time is running out.

If I start with nothing and become something then anything is possible, but if you believe that it's not possible with $1000 then it will remain the same for him, he became what he believes.

In my own space right now, I would invest the $1000 in a good crypto project, because this could turn $10,000 in a few months time, like how I invested in a A.I project that turned into $5,740 this morning, and all I invested was $350, this is a big gain already, imagine I invested a thousand dollars.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: AVE5 on February 25, 2024, 02:02:13 PM
I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

Amazing some people can build a business for $1000 while some people spend this money for their lunch and dinner... If $1000 is a life changing money for you then you shouldn't be gambling with that money. I don't know what kind of a business can you start with $1000 but if you really think it is lucrative then you should do it right away. You can buy a laptop and start your own software engineering company maybe?  8) What is the ROI of that business you start for $1000 anyway? Can it make $1000 a year? If  you invest in stocks it will only return $50-100 dividends annually...

It is either you are a high staker in the gambling or the $1,000 lost is as little not to be compared to your income rate that is why you are not moved by when this guy couldn't stand the fact that he lost $1,000 in the gamble. Well maybe I should recall to you that as financial levels differs so also we know the little and big amounts of funds we could be found as treasures which centrally depends on our incomes rate.
This is a local gambling in question and we are talking about a fund in a hard currency of $1,000 that is equivalent to #1,690,000 to his traditional currency. I guess you see a million plus is involved here. Haha.
This just to let you know how valuable the lost fund is and how such amount could attain a lucrative level of businesses within his locality considering that it was also a borrowed fund for a business purpose just as you are aware.
So if this guy could afford the money he wouldn't go borrowing it. That was the resultant of his emotions being unable to withstand the lost. So let's not look at how little or how big the lost fund was.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: lovesmayfamilis on February 25, 2024, 02:04:19 PM
I feel sorry for such people, those who are very stupid, thinking that Lady Fortune will dump her winnings on them, after which they don’t have to work for the rest of their lives. Why did people decide that they could add up their capital suddenly and immediately? And how long will they have to endure until the lessons are learned?
A good rule of thumb is to pay yourself first. What does it mean? You should leave some of your earnings. If you spend money left and right, you will not be able to exaggerate your capital. Especially when playing games of chance, where the amount of random winnings will always be small compared to the number of losses that avid gamblers receive.
How many people do we know who live off their winnings? But there are many more of those who fall into the pit.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Beparanf on February 25, 2024, 02:07:22 PM
It is either you are a high staker in the gambling or the $1,000 lost is as little not to be compared to your income rate that is why you are not moved by when this guy couldn't stand the fact that he lost $1,000 in the gamble. Well maybe I should recall to you that as financial levels differs so also we know the little and big amounts of funds we could be found as treasures which centrally depends on our incomes rate.
This is a local gambling in question and we are talking about a fund in a hard currency of $1,000 that is equivalent to #1,690,000 to his traditional currency. I guess you see a million plus is involved here. Haha.
This just to let you know how valuable the lost fund is and how such amount could attain a lucrative level of businesses within his locality considering that it was also a borrowed fund for a business purpose just as you are aware.
So if this guy could afford the money he wouldn't go borrowing it. That was the resultant of his emotions being unable to withstand the lost. So let's not look at how little or how big the lost fund was.

You shouldn’t indicate the exact amount to avoid focusing the discussion on the amount since we have different cost of living and the majority of country even on 3rd world country requires 1000$ to start a lucrative business.

But I agree that the focus of this topic should be on decision making which a friend of your done because this is indeed one of a clear sign of gambling addiction because he clearly use money that he can’t afford to lose. Maybe you should remove the exact amount on the OP because it will surely create confusion and doubt if you attached it to “lucrative” business.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Marykeller on February 25, 2024, 02:54:27 PM
I find it funny when friends hide things from their friends, not knowing that their friends already know what they are doing but have decided to keep mute towards them to allow them to wallow in themselves.

This boils on to why are your friends not bold enough to let you know that they are into gambling than discussing it another way around. Are they not above 18 years of age or have you in the past cautioned them about their gambling addiction that makes them not feel proud to say it in front of you? I am asking this because, it is only those who know what they are doing is so wrong, to depend on gambling as a source of income but they refuse to accept the truth that what they are doing is wrong, they continue doing it instead.

Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
That's the same result that those that placed hope in gambling always experience "needing medical attention". Now the family of the guy are the ones to spend and take care of their father and son.

At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
Funny enough, that gambling has become a way to expand business for some people(poor mentality). The majority of people refuse to learn that gambling is never the way for one to expand their business.

At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
Very big enough to start up a lucrative business. Every business must not start up in a big way if your friend thinks that $1000 is small money. You start up your business in a small way, and later run it becomes to boom due to the little profits accumulated.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Blitzboy on February 25, 2024, 03:24:49 PM
Losing is an expected aspect of gambling which to me there's nothing wrong in experiencing losing as a gambler. The losses and winnings must interact but it's more adored to have more winnings than losses. What I don't subscribe to is using money not meant for gambling to gamble, it's a risk not worth giving into, using a business money in gambling under the auspices of doubling it is just another form of irresponsibility and lack of objectivity to the person.

The worst set of friends to have are those friends that can't put you on track when you're falling off from it and when you have those sets of people as gambling friends be rest assured you will run out of finances recklessly and they would make you feel you're still doing alright at it when conspicuously within you you feeling something isn't just right but their company makes it all appear right.


Like you, I worry about gambling with restricted funds. After crossing it, financial mayhem ensues. 'Doubling' money through gambling is a dangerous illusion. Determining the difference between a planned risk and a reckless gamble requires discipline.

In gambling, friendships are crucial. Good friends guide us back when we stray. Unfortunately, the wrong crowd can obscure our judgement and make the undesirable seem harmless. Considering how easily we can be misled is sobering. Strength comes from self-control and allies. Picking the right staff is as important as our resolve in gambling.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: killerfrost on February 25, 2024, 03:43:32 PM
While gambling can be a tempting escape, especially when times are tough, it's like playing Russian roulette with your wallet. Sure, winning big might be a life-changer, but the odds are stacked against you like a deck of cards with all the aces missing.

Instead of hoping for a lucky streak, imagine building your wealth like a boss. Think starting a side hustle, learning new skills, or even that cool business idea you've been sketching on napkins. It might not be an instant jackpot, but it's way more sustainable than chasing quick wins at the casino.

Sure, your friend might have gotten unlucky and lost their business dough gambling. But hey, desperation can make even the smartest cats do crazy things. Instead of judging, let's just say they learned a hard lesson about responsible finances.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: michellee on February 25, 2024, 04:00:10 PM
While gambling can be a tempting escape, especially when times are tough, it's like playing Russian roulette with your wallet. Sure, winning big might be a life-changer, but the odds are stacked against you like a deck of cards with all the aces missing.

Instead of hoping for a lucky streak, imagine building your wealth like a boss. Think starting a side hustle, learning new skills, or even that cool business idea you've been sketching on napkins. It might not be an instant jackpot, but it's way more sustainable than chasing quick wins at the casino.

Sure, your friend might have gotten unlucky and lost their business dough gambling. But hey, desperation can make even the smartest cats do crazy things. Instead of judging, let's just say they learned a hard lesson about responsible finances.
But before people think like that, they should be able to think about the risks first so they can estimate the consequences that will happen to them. Many people don't think about it and just go straight to gambling. They think they can win easily from gambling when they don't.

Yes, I agree to start a side job or create a business that can provide an opportunity to earn money. That would be better than trying to chase the jackpot. We also don't know when we can get it but we can get more losses. Losing is a risk that we have to face when playing gambling.

But it seemed like it was too late because his friend had a loan that he had to pay back immediately. This is the result of what he did. Hopefully, he can realize his mistake and won't repeat it in the future.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: slapper on February 25, 2024, 04:43:19 PM
Gambling for a living is a recipe for disaster. You saw it with your friend's ordeal. Gambling is a trap that will consume you if you get too deep. What about your friend? He's the standard example of what occurs when you pursue windfalls instead of sustainable income

A business concept based on luck will never exist. Pun meant, it's a gamble. The only certainty in gambling is uncertainty. You said $1,000 can start a profitable business. Precisely! Entrepreneurs think like that. Build skills, not stakes. Real hustles require labor, knowledge, and ingenuity, not luck. Your insight may wake up your friend


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Rufsilf on February 25, 2024, 05:17:39 PM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
It seems like your friend made a poor choice since if he keeps losing money, it could seriously put him in danger of becoming bankrupt.  To put it another way, I believe that depending solely on gambling for income can cause serious psychological distress due to the unpredictable nature of the games and the intense pressure to win, which can drive us insane and cause us to focus only on the money we stake. In the event that your friend is desperate to make up for his losses, for example, this could push him toward obsessive gambling behavior. Even worse, if he has debts to someone, would you lend him money if he did? Without you knowing that he put gambling as his hustle or sideline source of income.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Dewi Aries on February 25, 2024, 05:53:32 PM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
It seems like your friend made a poor choice since if he keeps losing money, it could seriously put him in danger of becoming bankrupt.  To put it another way, I believe that depending solely on gambling for income can cause serious psychological distress due to the unpredictable nature of the games and the intense pressure to win, which can drive us insane and cause us to focus only on the money we stake. In the event that your friend is desperate to make up for his losses, for example, this could push him toward obsessive gambling behavior. Even worse, if he has debts to someone, would you lend him money if he did? Without you knowing that he put gambling as his hustle or sideline source of income.

Something that is based on pressure always leads to a much worse result than expected, one of which is when you try to achieve recovery, I'm not saying that you won't be able to get a big win on the way to implementing greed but what is certain is that being in a very lucky situation will not be that easy, meaning that it is possible for you to end up suffering a greater amount of losses, as you said that gambling is an activity that can not be predicted at any time, but it is natural because it is a gamble where someone puts a certain amount of money for an unknown outcome, they only have chances and not certainty, meaning that victory is nothing more than a "possibility" that is not based on any certainty and guarantee. However, gambling as an alternative to solving financial problems is a very wrong action and decision, you cannot possibly realize or get something from a place that does not have any certainty, everything you expect will only be able to happen by "chance" in gambling.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Oilacris on February 25, 2024, 11:16:23 PM
So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
It seems like your friend made a poor choice since if he keeps losing money, it could seriously put him in danger of becoming bankrupt.  To put it another way, I believe that depending solely on gambling for income can cause serious psychological distress due to the unpredictable nature of the games and the intense pressure to win, which can drive us insane and cause us to focus only on the money we stake. In the event that your friend is desperate to make up for his losses, for example, this could push him toward obsessive gambling behavior. Even worse, if he has debts to someone, would you lend him money if he did? Without you knowing that he put gambling as his hustle or sideline source of income.

Something that is based on pressure always leads to a much worse result than expected, one of which is when you try to achieve recovery, I'm not saying that you won't be able to get a big win on the way to implementing greed but what is certain is that being in a very lucky situation will not be that easy, meaning that it is possible for you to end up suffering a greater amount of losses, as you said that gambling is an activity that can not be predicted at any time, but it is natural because it is a gamble where someone puts a certain amount of money for an unknown outcome, they only have chances and not certainty, meaning that victory is nothing more than a "possibility" that is not based on any certainty and guarantee. However, gambling as an alternative to solving financial problems is a very wrong action and decision, you cannot possibly realize or get something from a place that does not have any certainty, everything you expect will only be able to happen by "chance" in gambling.
On the time that you do touch up gambling then you should really bare in mind that when it comes to risk then gambling have the highest risks among all.
Outcomes will always be that negative and this is something that you should put up to yourself that it doesnt fit out if we do speak about gambling thing.
Play for leisure and entertainment and not for money making because it will destroy you specially on the time that you are already getting addicted to it or on the time that you are already chasing
loses on which this is something always the case for most gamblers.

Play for fun and not for income because if you do push up this idea into your mind then it will really be just that making you desperate which it isnt something right.
Sooner or later you would be able to realize about the reality of gambling but dont come into a point that you are losing that much already.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: klidex on February 26, 2024, 02:38:34 AM
~snip~
Of course there is no gambling that can be used as a source of income and most people who gamble will get a lot of losses and if someone makes gambling as a business of course this is very ridiculous and no one will be able to make a profit from gambling on a regular basis and it is profitable for the gambler and also I have never found anyone who can be successful in the gambling they play.

When someone decides to start a business, of course they must have knowledge and expertise in the business they are going to build and with just $1000 in capital, I think they will be able to run the business they are going to build as long as they have a good grasp of the business they are going to build.
Yes, because gambling is just a game and cannot be turned into a business to make a profit because in fact many people experiences losses when they gamble, if you run a real business (not gambling) someone will not experiences continuous losses if they fail, they keep trying so that your business can run smoothly and one day produce result. But if you keep trying to gamble until it produces results, you will only experience bankruptcy and your life will become increasingly out of control due to gambling addiction, where you will not get the profits that match your expectation. So don't even think about playing gambling can be used as a business or make a profits because if you are not able to control it, it will make your life difficult in the future.

Of course, before people start a business, they have to learn first about what business they want to build and the most important thing is that according to the budget they have. Don't let it exceed their capabilities because if your business fail you won't be able to recovered it easily, start with a small business, if you stick with it and can manage your finances well then your business will grow into a big one and the most important thing for a businessman is that they have to be patient and enjoy the process, don't give up easily. Let alone be influenced by gambling games with the promise of providing instant profits even though in reality it doesn't this really happens to everyone who gambles.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: SeaCoinCollector. on February 27, 2024, 07:53:49 AM
It's sad and concerning to hear about what happened to your friend's gambling problem and what has gambling impacted his life. Well, it's understandable why some people see gambling as a source of making quick money, it's important to be cautious, especially recognizing the risks involved. It's should be a reminder to everyone to not replace gambling as a substitute for business plan or financial decisions. If you or someone you know is facing gambling addiction, can seek help by talking with trusted friends or family member to manage and overcome the addiction. Always remember that you are not alone.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Z390 on February 27, 2024, 11:01:18 AM
Gamblers strongly believe that non stop gambling is the normal way to win this game, and they are damn wrong, it's possible for someone who gambles like ten times in a month to get lucky than someone who gambles everyday for a whole month, either you give more time or not to gambling doesn't matter, I could be wrong but this is what I believe in.

There are cases of few people struggling to build something and they can't finished the last part, and someone from nowhere will come and fix the last puzzle just like that, you can struggle all the days of your life to reach a certain level in life and someone who haven't passed through all the hardship like you will achieve the level that you've always wanted with ease.

Luck is far bigger than we can imagine, if your time isn't right you aren't going to get lucky, I don't like playing games of luck because to me it's already discouraging, very hard to predict, no analysis that's based on luck ratio, you are left to struggle and find out yourself, using your money, it's clear as white that you will lose.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Dewi Aries on February 27, 2024, 04:55:16 PM
Something that is based on pressure always leads to a much worse result than expected, one of which is when you try to achieve recovery, I'm not saying that you won't be able to get a big win on the way to implementing greed but what is certain is that being in a very lucky situation will not be that easy, meaning that it is possible for you to end up suffering a greater amount of losses, as you said that gambling is an activity that can not be predicted at any time, but it is natural because it is a gamble where someone puts a certain amount of money for an unknown outcome, they only have chances and not certainty, meaning that victory is nothing more than a "possibility" that is not based on any certainty and guarantee. However, gambling as an alternative to solving financial problems is a very wrong action and decision, you cannot possibly realize or get something from a place that does not have any certainty, everything you expect will only be able to happen by "chance" in gambling.
On the time that you do touch up gambling then you should really bare in mind that when it comes to risk then gambling have the highest risks among all.
Outcomes will always be that negative and this is something that you should put up to yourself that it doesnt fit out if we do speak about gambling thing.
Play for leisure and entertainment and not for money making because it will destroy you specially on the time that you are already getting addicted to it or on the time that you are already chasing
loses on which this is something always the case for most gamblers.

Play for fun and not for income because if you do push up this idea into your mind then it will really be just that making you desperate which it isnt something right.
Sooner or later you would be able to realize about the reality of gambling but dont come into a point that you are losing that much already.

It's true that however gambling is a risky activity and also can never be separated from the name of the possibility of risk because it is not a gamble if there is basically no risk involved in it. And it is because of this risk that makes us always advised to put full caution on gambling activities, because what is feared is when you lose consciousness or in the sense that emotions dominate yourself due to defeat which in the end you even lose a larger amount.

On the other hand maybe we have often heard about the idea of gambling for fun or more recommended for entertainment and I think this is indeed true and recommended because it is impossible for us to make a place that only has the possibility of making a place that produces, not impossible but too difficult and the probability is probably 0%, and obviously in some cases of addicts they usually end up suffering a lot of losses instead of producing. In fact the impact of gambling will not only cause problems with finances but also with a person's mental and psychological where it is not uncommon for them to end up crazy as a result of not being able to withstand all the pressure from the wrong impact of gambling. So gambling for entertainment purposes when you have free time and without taking anything seriously is certainly the best.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: mammusu on February 27, 2024, 05:16:09 PM
On the other hand maybe we have often heard about the idea of gambling for fun or more recommended for entertainment and I think this is indeed true and recommended because it is impossible for us to make a place that only has the possibility of making a place that produces, not impossible but too difficult and the probability is probably 0%, and obviously in some cases of addicts they usually end up suffering a lot of losses instead of producing. In fact the impact of gambling will not only cause problems with finances but also with a person's mental and psychological where it is not uncommon for them to end up crazy as a result of not being able to withstand all the pressure from the wrong impact of gambling. So gambling for entertainment purposes when you have free time and without taking anything seriously is certainly the best.
When something is related to luck, then it doesn't make sense when we think of it as a source of income. something that can be said to be a source of income is something that is certain and I don't see that in gambling. It may be true that we can win the game, but it happens only once in a while and that's if we are lucky enough to win the game.

That's the way it has to be, we have to look at gambling from an entertainment point of view, if we look at it from that point of view then it becomes less likely for us to become addicted. Because from what I have seen so far, someone who is addicted to gambling is someone who thinks it is an opportunity for them to earn more money. Which in the end makes them unable to control themselves to continue spending their money on gambling. And in the end we can see them having financial problems that they shouldn't have. So I agree with you that considering gambling as a form of entertainment is a good choice. that way we can manage everything, both in spending money, playing time and so on.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Fiatless on February 27, 2024, 05:19:57 PM
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
Gambling with borrowed funds is a clear sign of gambling addiction. It's a pity that your friend is a chronic gambler and it has even affected his health. He needs to stop gambling, work, save money, and pay his debt. He should seek the help of experienced gamblers who can guide him on how to gamble responsibly. If possible, seeking the help of a gambling addiction therapist could be good. He needs to take a break from gambling and only come back when he is sure of controlling his gambling behavior.

I'm really skeptical if 1000$ can really give you a lucrative business in my country but maybe in your country since that amount is only the price of the business location with very rental small place but resorting to gambling using the funds that is intended for important matters is always a big red flag because you are risking the money that you can't afford to lose.
$1000 could be enough to start a successful business but it depends on the kind or the size. The businessman might decide to start an online business instead of renting a physical shop. Some persons might have a business space in their homes which could serve as the business place until the business expands. Some persons might also decide to rent small stalls instead of a big shop.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Gallar on February 27, 2024, 05:37:42 PM
~Snip

I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Yes, I agree with you, that gambling is not a bad activity. Because it all depends on how we play or run it. Maybe a gambler just gambles carelessly, without having boundaries and good financial management. In my opinion, people like that can be said to be bad examples in the world of gambling. Because his actions could result in harm to himself. So basically in gambling, financial management is very necessary. Because after we can manage our finances to gamble well, what I experience is that our minds become better and will have definite limits. Therefore, gambling cannot be said to be bad just because someone experiences losses. Because loss is a risk that everyone who gambles must be prepared to bear.

Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.

~Snip
Therefore, I have said that even when gambling, we must be able to manage our finances (management) well. Because don't be like your friends who use hot money to use as gambling capital. Because when a bad possibility (loss) comes, the risk will definitely be very big. So it's natural that right now your friend is sick because he lost in his gambling game and the money he used was hot money. Therefore, tell your friends, when you want to gamble, use cold money and don't follow excessive emotions. Because following emotions too much can have a bad impact on gambling.

So the point is to be a wise gambler.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: fullhdpixel on February 28, 2024, 05:30:24 AM
He has learned his lessons that gambling is not a way of looking for income. If you need a source of income, you need to do good business instead of gambling. He has ruined his business and go bankrupt. He borrowed money to started another business but gamble with the money and he lost it. I guess he will not try to gamble anymore. If you know you are gambling with huge amount of money and losing, that is just an addiction that should be stopped and avoided because the end result is not always good. You need to advice him and tell him the truth about the reason he needs not to gamble again.
Doing a good business can give us more than just an income but that is if we are successful about it. With that said, it wasn't easy so for now if what we only want is a normal income to sustain our daily needs, we can look for a job to apply and work with. Borrowing money is already risky and what more if you will use the money in gambling? The person must be addicted already to do it, so I'm not sure if he can easily learn his lesson from there.

We still can try to give them an advice as some addicted people are only waiting for an encouragement from others because they them selves are too shy to confess their problems, thinking they will get a negative impression.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Poker Player on February 28, 2024, 05:41:52 AM
To dedicate oneself to betting on EV games - looking for that to be a source of income is to shoot oneself in the foot.

$1000 could be enough to start a successful business but it depends on the kind or the size. The businessman might decide to start an online business instead of renting a physical shop. Some persons might have a business space in their homes which could serve as the business place until the business expands. Some persons might also decide to rent small stalls instead of a big shop.

Of course, $1K is potentially going to have a higher return if invested in a business than betting in a casino against House Edge games. The best thing he could have done is to start out in business, and when it worked for him, with any extra money he had, he could have gone to the casino to entertain himself but not looking for it to be a source of income for him. The best way for a casino to be your source of income is to set up your own casino, be The House yourself.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Dewi Aries on February 28, 2024, 06:37:11 PM
On the other hand maybe we have often heard about the idea of gambling for fun or more recommended for entertainment and I think this is indeed true and recommended because it is impossible for us to make a place that only has the possibility of making a place that produces, not impossible but too difficult and the probability is probably 0%, and obviously in some cases of addicts they usually end up suffering a lot of losses instead of producing. In fact the impact of gambling will not only cause problems with finances but also with a person's mental and psychological where it is not uncommon for them to end up crazy as a result of not being able to withstand all the pressure from the wrong impact of gambling. So gambling for entertainment purposes when you have free time and without taking anything seriously is certainly the best.
When something is related to luck, then it doesn't make sense when we think of it as a source of income. something that can be said to be a source of income is something that is certain and I don't see that in gambling. It may be true that we can win the game, but it happens only once in a while and that's if we are lucky enough to win the game.

That's the way it has to be, we have to look at gambling from an entertainment point of view, if we look at it from that point of view then it becomes less likely for us to become addicted. Because from what I have seen so far, someone who is addicted to gambling is someone who thinks it is an opportunity for them to earn more money. Which in the end makes them unable to control themselves to continue spending their money on gambling. And in the end we can see them having financial problems that they shouldn't have. So I agree with you that considering gambling as a form of entertainment is a good choice. that way we can manage everything, both in spending money, playing time and so on.

Yes I completely agree with your ideas and statements here that one of the things or reasons that make gambling unreasonable to make as a place to earn is because there is no certainty whatsoever that can guarantee us to actually earn, I'm not saying that you can never win, but for the problem of earning consistently it is clearly never going to be achieved in gambling because after all the name of the betting activity is when you put something for two different results at the end of the session that is between you losing or you get extra (victory). It's all about "chance" and that means there's no way you can get the results you've always wanted in a place that always delivers when you're lucky.

Of course, when we look at gambling from a rational point of view then obviously I think most gamblers would not dare to bring the idea of "earning" in gambling activities, not least because it is too risky and it is clear that what will happen is that you will lose more than earn, in fact such an idea will only make the situation worse, defining gambling as a place to earn will only make you more disappointed when the final result is not what you expected. And obviously this situation will provoke your emotions and this is what makes many people do out of control actions such as putting larger amounts based on desperation and frustration in themselves which ultimately makes the situation much worse. So the bottom line as I said above and you agree about this is that there is no other choice but for you to make and treat gambling as an entertainment activity, looking at something as entertainment will be different from looking at something as a generating activity in terms of doing experiments, because if you consider it as entertainment then you will only come when you are bored.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: wxa7115 on March 02, 2024, 03:12:48 AM
He has learned his lessons that gambling is not a way of looking for income. If you need a source of income, you need to do good business instead of gambling. He has ruined his business and go bankrupt. He borrowed money to started another business but gamble with the money and he lost it. I guess he will not try to gamble anymore. If you know you are gambling with huge amount of money and losing, that is just an addiction that should be stopped and avoided because the end result is not always good. You need to advice him and tell him the truth about the reason he needs not to gamble again.
Doing a good business can give us more than just an income but that is if we are successful about it. With that said, it wasn't easy so for now if what we only want is a normal income to sustain our daily needs, we can look for a job to apply and work with. Borrowing money is already risky and what more if you will use the money in gambling? The person must be addicted already to do it, so I'm not sure if he can easily learn his lesson from there.

We still can try to give them an advice as some addicted people are only waiting for an encouragement from others because they them selves are too shy to confess their problems, thinking they will get a negative impression.
Their reaction will depend on how sick and tired they are from being addicted, those that are still in denial are impossible to convince, while those that accept it but still believe they can leave it on their own will be reluctant to listen to you.

Only those that know they have a problem and need the help of others will listen to your advice, but the issue with them is that they have been addicted for so long, that this group will find it very difficult to live a normal life.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: LUCKMCFLY on March 03, 2024, 04:49:17 PM
He has learned his lessons that gambling is not a way of looking for income. If you need a source of income, you need to do good business instead of gambling. He has ruined his business and go bankrupt. He borrowed money to started another business but gamble with the money and he lost it. I guess he will not try to gamble anymore. If you know you are gambling with huge amount of money and losing, that is just an addiction that should be stopped and avoided because the end result is not always good. You need to advice him and tell him the truth about the reason he needs not to gamble again.
Doing a good business can give us more than just an income but that is if we are successful about it. With that said, it wasn't easy so for now if what we only want is a normal income to sustain our daily needs, we can look for a job to apply and work with. Borrowing money is already risky and what more if you will use the money in gambling? The person must be addicted already to do it, so I'm not sure if he can easily learn his lesson from there.

We still can try to give them an advice as some addicted people are only waiting for an encouragement from others because they them selves are too shy to confess their problems, thinking they will get a negative impression.
Their reaction will depend on how sick and tired they are from being addicted, those that are still in denial are impossible to convince, while those that accept it but still believe they can leave it on their own will be reluctant to listen to you.

Only those that know they have a problem and need the help of others will listen to your advice, but the issue with them is that they have been addicted for so long, that this group will find it very difficult to live a normal life.

Everyone at some point has to see things from the most correct point of view, and they cannot see the game as the only way to do things to earn money, yes, I know that you can earn money with little effort, but wow That the risk is too much, and do I Start from those who say that to obtain something you have to risk a lot? yes, of course, but I say that one must be aware, before playing in any way one must understand that the game is favorable and will Always be favorable for the casino because they manage their house advantage, and this is something that will always be seen, in fact everyone should know that, so how to deal with that? nothing, it is impossible that one as a player has a better chance of winning than a casino, if we have a conscience we know that things in casinos are like that, they are things that we have to see and realize that it is like that, those who always look for income from a Just as if it were a job, sooner or later the osas will not be given to you.

When this happens, it is simple that person has to enter a period of acceptance and of the things it has to do better to make it more favorable for its game. What can I advise in this case? that when a person is in a casino they only have to take advantage when they win and if it is enough money to withdraw, there is no need to think about it, you have to withdraw, you have to feel the money, because that is what it is about, taking advantage, because the casino despite its high advantage, because they have to realize that things can also be favorable for the player, otherwise casinos would not exist, because no one would put money in a game that they Now they will never win, then this is just what we should do See, there is no other way, but that is the trick , Knowing how to proceed, knowing how to increase the bet, doing it at the right time, and yes, risk but not so much, only what we are allowed to lose no more than there.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: shasan on March 05, 2024, 08:27:45 PM
So I caught my friend up having gambling as a source of making incomes.
I do not think it is a wise decision to gamble as today you may win a good amount of money which may lead you to a beautiful life. But who knows tomorrow you will not lose and it will not come as a disaster. So, better not to take it as a source of fund.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: Lanatsa on March 05, 2024, 08:35:14 PM
So I caught my friend up having gambling as a source of making incomes.
I do not think it is a wise decision to gamble as today you may win a good amount of money which may lead you to a beautiful life. But who knows tomorrow you will not lose and it will not come as a disaster. So, better not to take it as a source of fund.
Majority of people would really be having those kind of realizations in the end of the line or on the time that they do experience shit things which they must be able to avoid it earlier if they have just that earlier
realizations on which we know that gambling is really just that for fun and not for making money. This is the main reason on why people do messed up their lives just because on having that kind of wrong
assumption and beliefs that been molded up into their minds on which they do really have that kind of perception that it could be possible with gambling which it is not.

One of the reason on why gambling industry is really that having a good revenue it is just because of this kind of motivation on which most gamblers that do really have in mind.
They would really be sticking into that idea until they would really be able to see themselves getting wrecked by gambling on which this is really sad.
Gambling should really be just that for fun and not something could be treat up as a main source of income. It is really just that suicide!


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: TheUltraElite on March 22, 2024, 01:42:59 PM
I do not think it is a wise decision to gamble as today you may win a good amount of money which may lead you to a beautiful life. But who knows tomorrow you will not lose and it will not come as a disaster. So, better not to take it as a source of fund.
The casino industry thrives on this false confidence that gamblers gain before starting playing and also between games when the win something small even if an insignificant amount.

Gambling is a source of entertainment and not income. If you are thinking of the opposite you are doing it wrong and you have to correct it to avoid the long term addiction and monetary loss associated with it.

While there are some people who might brag about their wins, they often skip out on the grimy details or present their win in such a manner that it seems like magic. Dig deeper in the proper place and you will find the real thing.


Title: Re: Outcomes of insighting gambling for a source of income.
Post by: entertheabyss on March 24, 2024, 06:24:04 AM
So I caught my friend up having gambling as a source of making incomes.
Instead of settling for gambling as means of income, settled for good jobs that pays handsomely monthly. Your friend have his own decisions and his life to lived, we should also try our best on our own end to ensure things runs smoothly for us and never backing to see the tremendous winnings that's weigh out of balance. None of us would be happy if we're solely not actively in the system. It's weigh out of line, how can we be subjected to making gambling as source of income? It won't worked like that because it's totally unbalance and risky.