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What would be the best option if a friend who happens to be good at horse racing lost his fortune coming from betting in horse racing because of illness and came to you and asked for a loan and honestly stated that he wants to use it betting in horse racing to recover his fortune.

But you have doubts because he is away betting horse racing for a long period of time and he might lose the money because you have to be updated on the conditions of the horses, jockeys, and the many handicaps, and his anxiety about recovering his fortune might fail he offers you two options loan him money or just partner with him.

What's your best course of action in this scenario?

A common friend confided this to me.

I will probably recommend to go back in earning his stable source of income. If his only choice is to bet on these gambling games, due to recovering to his illness, I would probably choose partnering with him. I personally hate getting and giving loans to others. If I partner with him, I would probably learn his techniques along the way and the each bet he will be made will be a mutual decision. One rule I will deploy before partnering with him is each bet he place needs a justification or explanation why he place that bet on a team or horse. I need to be convince to support him for me to know that he is not doing blind bets because of being pressured of getting back to his own feet.

If he is a gambler, I can not borrow him any money. Either I borrow him what I can give him, or I will just give him the part of the money that I can afford to give a friend and he should look for elsewhere to borrow the remaining.

Gambling is gambling and it is risky. Gambling should not be what I will borrow people money for and I can not partner with a gambler that is risking so much of his money on gambling because the amount I am winning and losing on gambling is very small.

To be honest, I don't understand horse racing but in this scenario I will not take a bigger risk let alone lend without any guarantee that it will win, we often call it "luck" even though I know in horse betting there is certainly an analysis to see the condition of the horse and jockey.

Maybe lending is not a good solution "in my mind" but there are some agreeing with partnering but that for me still does not agree because in terms of money I do not want to involve in gambling with others.

The conclusion is to do neither.

We all know gambling is a game of chance and no matter how good one is, you can never give yourself or others assurance that you will comeout with guaranteed profits at the end of the day!

As of helping our friend, firstly you can not put a price on your friendship as if you do this, you will be losing a friend because they might lose that money you give them which makes this bond break sooner or later after he/she fails to pay back..but if your buddy came out saying they needed some financial help..give him the help he needs but also ask if gambling is the only solution to raising funds as this might be a bad vice in the long term and try figure out a way to make a stable income ::)

No matter what the situation is, if a person would borrow and ask for a loan and he would pay me back by gambling again, I would definitely avoid it.

Remember that it is definitely a bad idea to ask for a loan and your means of paying it is by gambling. No matter how good your friend may be when it comes to horse racing, at the end of the day, the results are not absolute. In fact, the chances of a person winning a definite outcome cannot apply to gambling due to its very nature surrounded by tons of risks and factors.

If I were in your shoes, I will probably borrow him money but at a relatively low amount and I would consider such as "money given" or donation; just for the purpose of friendship and good karma.

I would give him money I can afford to give to him,if he is playing at the same casino as me I would tip him from my balance,gamblers solidarity that's it.I would also not borrow any money to him as borrowed money to a gambler can be lost for good,several years ago in my past job I had a colleague who kept asking anybody for money as borrowed money and in the beginning everybody gave him,they didn't know he was an addicted gambler,as soon as we knew,no one gave him money,he kept asking for money even in salary day because his salary was kept to pay the debts,he used to tell us I need money for pills and something like that but no one believed him anymore,as such based on this personal story gambling solidarity is what I would do at best.

I’ll definitely won’t give him a loan no matter how good he is because it’s still gambling. However, I will give him some financial help that he doesn’t need to repay since the amount is just normal amount so that I will never have the urgency to ask him pay me back.

It’s not bad to help a friend in need but not to the point of financing his gambling needs to recover since he can always get a job to earn the money that he needs for gambling instead of loaning it while he doesn’t have way to pay it back when he lose.

Sometimes people don't know if you have money or not but they still come to you to borrow it. If I have such a friend, I will give him half of the money because he's my friend and I will only give him the little I can risk also. Moreover, we can never tell what might happen next if he wins or loses, and you know, given such a loan, you don't need to give out that kind of loan with interest, because if the person loses the money, in horse racing games, you don't know if he can pay back or not.

Besides, as a gambler, you don't need to be greedy because surely a day might come when you will lose all your money by gambling, and you might also look for someone who can lend you some money and if the person idn't give you, you might feel bad mostly when you know the person have the money but refused to give, the shocking part is that the game played accurately the way you predicted it, but no money to stake it.
Besides I don't advice using borrowed money to gamble.

He just went through an operation he is still under stress This might have an impact on his betting analysis and he might lose the money that I intended to loan to him, I'll just give money that I can afford to lose so it's more of a help than giving him a loan and I don't want to partner with him, the pressure might impact our friendship I don't want to partner with a friend when it comes to gambling as this might ruin our friendship.

I won't loan him, but give him the amount that I can manage. I'll do this after suggesting not to get into gambling for some time period. Horse racing is something highly unpredictable and if he's ready to accept my suggestion I'll take him somewhere else to spend the time. Maybe skipping the time being will help him stay away from the horse racing.

Helping a friend in need is good, when it comes to gambling we should think twice before supporting financially.

I have read the thread and almost all replies have been posted. I guess I will go with them. I won't borrow him money to gamble it. No matter how expert he is in gambling. Gambling cannot be the primary income source of a person. He must have another income source. It could be his business or his job or other things. If he need help to develop those things, I would help him.

If you lend him money and he lose again, he won't will be down further and you might regretting lending him. Instead, give him some good advice about his other income sources. He should build those first before he gamble again. Most of the time gamblers lose because they want to recover their loss.

I'd probably give him a small loan and check his progress. It would probably take time to gain back his sharpness and confidence so lending or investing a higher amount in him may not be the wisest option.

I was just about to ask the illness but how do you know this? OP never mentioned anything about medical operation.

The thing that adds to the burden on our minds is often friends who disappoint us.  i once entrusted my money to a friend but until now he hasn't paid his debt, even though i often see him on social media showing off luxury goods.  My advice is if you really trust your friend, he has a history of winning high horse race bets or maybe you owe him a debt of gratitude because of his kindness in the past, then make a written agreement for the money you entrust to him.
why is a letter of agreement so important at this time, it's because the money you give is your right and the friend you loaned is obliged to pay back, that's a form of trust.

I won't lend him money for gambling because there's no guarantee that he will win the horse racing bet and return my money. I only provide loans when I'm confident that they can be repaid promptly, otherwise I choose not to lend.

I generally avoid lending money to friends for gambling purposes. However, I'm willing to help if they have a genuine and pressing need for the money, but not for gambling. Even if he is skilled/pro at betting, I would still be hesitant to agree. :)

I don't really understand about betting on horse racing, how to choose a bet and win, and what factors are taken into consideration to be a successful bettor in horse racing, but for me this is still gambling where the chance of losing money is still as big as getting it so when we give a loan there will also be a risk that he will not be able to return the money because he experiences unexpected results, such as what he experienced when he chose a sick horse and ended up losing his fortune that he got from betting on previous horse races, and I think that's a lesson that no matter how smart when we choose a bet, there will be other factors that can make us lose so that losing money because gambling is not a way to get a guaranteed income. We are grateful if it can make our money increase, but at other times it can also make our money decrease a lot and even make us go into debt, ultimately endangering our finances, it is better not to borrow to gamble and also give loans to people who want to gamble because both are at risk of losing.

I'd have loaned him and have asked him for a escrow. No gambling strategy are full proof in long run so I'd not be involved in partnership. And if he's so perfect on prediction, he'd not want a partnership for long term.
A person in real life would have something valuable to hold as an escrow and I'd do a proper paperwork to make sure I can get my money back. If the person is so sure about his bet it would not be a problem for him to accept my proposal and I would have a peace of mind the whole time.

Generally speaking lending to a gambler is a big no.
But if he is a good friend deserving some help I would partner with him : I'd put the funds and wuold let him completely freedom of choice about which events to bet on but I would reserve for myself bankroll managemen rules;
it would be a " you decide what I decide how much" deal.
This to avoid that his anxiety to recover the amount he lost would induce him in risking too much on outcomes he feels confident on.

@everyone I think it's a good point just give him what you can afford to give or better have a group session so all our friends will give what they can afford to give, I don't think he can find work with his condition he is a diabetic and he has his left foot amputated and he is in maintenance his gambling might have an impact on his health, but if ever he still good in betting I will encourage him if he recovers his fortune to just maintain a variety store, there's too much stress in gambling for someone like him with a lingering illness.

We will have a chat tomorrow morning.

This is the best solution. I know this is an off topic matter already but this kind of situation makes healthcare insurance shows how valuable insurance is for hard situations like this.

Yeah, helping him financially is the best thing to do but don’t loan him since he will be pressured to gamble just to pay interest and we all know what’s the implication in case he didn’t succeed. I have a friend like this that asking for loan to fund his job hunting overseas. We gave him the money but he failed the job and just waste our money on job hunting, now he is suicidal because he failed to find job and repaid us which we are not asking to pay us quickly.

The fact that he he's been betting on horse racing for a very long time and couldn't still save enough money that he can fall back to on his bad days makes it a very bad idea to give him a loan that he requested from me.
Gambling shouldn't in anyway be allowed to be people's primary occupation so for anyone to prioritize gambling as their main source of income, that person shouldn't be taken serious for anything

every loan must have collateral! even if it come from a friend or a parent.
Personally I don't care what a friend will do with this money, I care about getting it back.
But this depends also the amount he has requested... in this case, if "friendship" and "gambling addiction" compete, the loan is released on the basis of which of these two aspects will prevail...

Sorry but I'll decline.
Even if he's the best horse race bettor, that won't be enough. He's been there and said to be good at it but why he don't have his own money and lost his fortune from it? It's enough to learn the lesson that he's lost his fortune from it and if he's going to ask me money, much better not to include myself by having a potential loss even it's a loan.

The luck play the major role in the horse race,even the gamblers had huge experience in the game.The loan had many reason,it may include the money for the gambling.But to give the money,you should have some money.The winnings on a bet is not an sure one,So if you have free money you can help your friend.Because apart from the reason,he is your friend.He may help you at the hard time,So if you had money you either help him or join the hand with your friend as partner.Since he had an experience he may give you huge profit from your investment.But you need to believe your friend for the profit on one day.Till that you should need a patience with some trust.Because without trust you can’t wait with some patience.

Gambling is unpredictable so you cannot be certain that your friend will recover his loss. If he is not careful he will love more money. Taking a loan to gamble is a very bad decision that can put him into more debt. It is better to gamble with your own money and preferably your spare cash.

Your friend should take a break and take care of himself. Tell him that he cannot pursue his losses in gambling. He needs to gamble responsibly and look for other sources of income. You can partner with someone to invest in a business but a gambling partnership is strange to me.

It's because of his illness that he loses his fortune, for me, I will not give him a loan for gambling or partner with him I will just give him a loan so he can set up a business and I will discourage him from gambling with the help of his family with his condition his diabetic might worsen he needs to have a stress free environment and gambling is not a place to give him that.

And besides he is away to long from horse betting there's a possibility that he cannot keep up anymore and he will stress himself because he going back to square one.

Strongly no, because I have real experience borrowing money from my friend for gambling. I didn't inform my friend about the requirement for gambling, I said another reason and borrowed around $1500. Things didn't go well as I planned and expected. At some point my friend was in need of money and asked it back. By that time I was to borrow from other person to give my friend the borrowed amount. So, this is going to make a big problem in his life and I'll never lend/give money for gambling.

I will be honest with my opinion here, the truth for me is that, I will neither loan him the money or partner with him, if this refusal is what will make our friendship go soar, then let it be, at least, this proves to me that we were never really friends in the first place, I am a gambler myself but i can never loan anybody money to gamble or play bets, no matter how good the person is, and it doesn't matter how close such person is to me, whether he or she be a friend or family member, my principle is to never loan anybody money for gambling purposes, except i dont know that the friend is borrowing the money to use it to gamble, then i will be so furious at him or her when i discover, even when he won and return the money, i will warn such friend never to borrow money from me and use it to gamble again..

If it is business the friend wants to use the money for, i will look at how profitable the business is likely to be if he succeeds, then loan him the money or even partner with him, but if he or she is requesting for the loan to use in gambling/betting, its a NO for the loan, and NO for the partnership.

Partnering with him means a long-term relationship and if he loses he won't have the fear to pay you back thinking you are partners. It's going to feel like you also lost instead of just him.
Loaning him money will be high risk because of the history that you said. He lacks the idea of what is happening now and he might have sudden choices that will lead to more losses just because he feels excited to make a bet without even analyzing it yet.

This is a difficult decision. I wish there was a choice to just not let him loan any money or partner with him. Just nothing. Stand by. That should not end the friendship but more like strengthen it by giving him advice to not go through the same dilemma again. It's not in the choices you said but  I like it to end up that way instead of wrecking your relationship because of money, either by loan or partnership.

Give them advice that gambling is not a source of income and the right approach to recover their lost fortune that they did not gather from gambling in the first place. You can offer to give them money that you do not hope to recover, that is like dashing them the money, but do not encourage them to continue with that plan that feels like a good plan to them but is bad and can follow with more regret. There is no assurance and guarantee with gambling, it is not a way to make money.

Perhaps the market would not buy stamp paper if one's word were reliable, and similarly, the Bible would not be proof of one's honesty if one's commitments were trustworthy. By taking an oath on the Bible
In every loan and collaboration there must be a guarantee given, exactly as you said, and I completely agree.

If I'm going to lend money, I make sure to ask about the purpose behind the request, as well as the repayment plan. A reasonable explanation and potential collateral (if borrowing a large amount) are very important for me to consider it. After the promise is made, I may agree to give a loan, this is what I need to do to ensure that the money he borrows will return.

Honestly, not going to give him the money he's looking for. Gambling is gambling whatever reason you may have, entertainment or profit. In the case of your friend that is in dire straits, regardless if the reason for his loss was because of greed in gambling or outright outside reasons, I wouldn't be so confident as to lend him my money even if he says we'll share 50/50. Not because I'm stingy or I'm a bad friend like that, but because what your friend needs at the moment isn't to get back his losses, but to actually recover from what he's suffering from in hopes of him being able to get back on his feet eventually. That in mind I'd probably lend him some money with the caveat that he's not going to spend it gambling, but will use it to get the treatment that he needs. That's how a real friend works.

This is the kind of situation that will ruin friendship and either of these options will not make me rich if he fails. Can't I just say No?
I'd more than likely going to tell the truth that I have no money for horse racing. But just so it won't make him feel bad about my refusal I will just give some money to him for his capital that he may be able to get back his fortune. The money will not be tied as a loan from me and he has no obligation to pay.

If it is a matter of health, I would feel more comfortable giving a loan so my friend could the medical treatment he needed to recover.

But if he is being honest with me and I am aware of his fame within the horse racing community, I think I would be willing to give with some money for him to bet and something to one side for him to buy medicine in the mean time.

In general, when someone tells me they are very good at predicting outcomes, I get defensive and am very skeptical. It would take me to be a very close friend of that person or family member.

If he's a close friend, I might consider giving him a loan and forgetting about it, assuming I never helped him in his recovery nor during all his problems with his health. I'd never seek repayment, especially if I'm in a position of sharing what I have. Of course, the amount won't be big, but something that can potentially help him jump back to his feet and start over again. At this point, I'm looking at keeping the relationship and not burning bridges. It's a one-time offer, and he will never have the chance to borrow money from me again.

If he has no source of income because of his illness, then there’s no way he can pay for his loan. So I’ll just give him the money that I can afford to give, and it’s up to him if he will gamble it all in, or just spend a portion to gamble. After all, regardless if he’s good in horse betting, that will not guarantee that he’ll also become profitable in gambling. Gambling is based on pure luck and chances, and it’s never been on skills. Moreover, I will also give him an advice that gambling alone will not solve his problem. Finding a job that fits for him is the best option that he should learn to take.

I can tell you right now that nobody trustworthy is going to lend your friend any money, especially after that red flag in which he stated that he wishes to use the lent money for gambling. Your friend is exhibiting extreme signs of gambling addiction and if he were truly your pal then you would try to convince him not to take out a loan. Especially from people who are actively seeking desperate people like him in order to offer him illegal/shady loans. Those same kind of people who would break a mans arms and legs and throw him into a river with concrete shoes. Loans for gambling always end badly.

It's a mystery how you think somebody can be "good at horse racing" bets yet "lost his fortune". You seem to be finding a disconnect between the activity of gambling and this persons ill health, but in fact they could be correlated. Somebody who has to rely on constant and endless luck to survive, could find themselves under great stress which can manifest in actual health conditions and problems. If he was a wise gambler, even profitable as you suggest, then he would have plenty of money in reserve and not have lost everything even when faced by illness. The reality that is much more likely, is he has clouded out his losses when betting and is a longterm loser - so you would be throwing away any money you gave to them.

I hesitate and will not lend it for betting but when he is sick, maybe I will help him recover because I am compassionate to him who is sick but if the purpose of the money is only to bet on horse racing even though he is good at betting, I will not do that.

Remember many people say loans must be guaranteed while gambling has no guarantee at all except relying on the belief that he will win in his bet but I myself still doubt and that doubt will prevent giving money to him.

I just don't like borrowing money just for gambling and lust.

I would not do both options offered in the title.
Firstly, giving him a loan to gamble is tantamount to plunging him back into gambling, maybe it will be good if he can reverse his previous losses but on the other hand we need to be aware that such a thing is a positive thing that in gambling the probability is 1:10 because the possibility of losing again is still very large.
To do our own game with your friend as a jockey also I still would not do it if I were you, the reason is simple I prefer gambling to be done alone and when you give someone else as a jockey then when we lose I think there will be a little regret that makes the relationship between you and your friend become tenuous so if I were you I would also not use this option.

As a friend, I do not want to take advantage of the person's situation so I guess I'll go with partnering with him since it would be both beneficial for both of us if ever he still have the knacks for analyzing the horse races.  He won't owe anything to me if he losses and at the same time, I would get a better pay if we win.  But if he insisted of loans then loan it is, I would let him borrow some money to kickstart his comeback to horse racing.

This is one thing that have ended a few friendships because a friend took a loan refused to later pay the loan or couldn't afford to pay as earlier promised. I don't loan money to my friends let alone to the one I am quite aware of that he's a gambler and has put it in clear terms to me that he needs the loan for gambling to recover his lost fortune. This is same as chasing losses which we all know it doesn't end well.

Like I earlier said I don't give loan to my friends, it's either I can be generous to freely give him half of the amount he needs in disguise of loaning him so he doesn't take it for granted in the way he utilize it. The reality is that if he loses that money to a bet which is possible he can lose it weighing all odds anyway, you are cool with him not been able to pay you back because in the preceding you actually gave it as a free gift to him.  If he doesn't have any source now to finance his bet where will he get the source to pay your loan if given?

There's no other ideal question to that but it would really be a "NO" or simply just reject out his request and pretend that you dont have money to be spared or make use in gambling or giving him some loan.

You wont really be that so dumb on letting your friend borrowed seeing that the extreme desperation is there and the worst that it is really that would be used on gambling which we know that the risks is high.
Better to reject or deny such request if you dont really like such headache on trying to think about being getting repaid. You would really just rather creating a possible problem which would be giving out some gaps in between you and your friend. So better tell him about having no money and better giving him some advise that it wont really be ideal on having that kind of desperation in towards on getting his money back
via betting, no matter how good you are on which you would really be definitely having those chances of losing and would bust it all.

I would rather advise him about on skipping out that kind of idea because it would really make things worst when it comes to finances.If he had a nice track record on betting then it
would really be still your choice whether you would proceed or not.

Sometimes in life; humans are bound to be overzealous, lose it and then become over desperate to right the wrongs; in situations like this, we humans need our "friend" to speak some sense into us, calm us down, offer encouragement and show us that being desperate will put us in further troubles.

Your friend in this situation has lost it; and the help he needs is not a loan; but some comfort. Why do i say this? My number 1 rule in gambling is never to borrow to gamble; and theres one funny thing about gambling; if you lose your composure, you lose everything.

Best course of action is to help your friend recover from his pain, anguish and self blame, help him regain his normal self and then he can win the war! (He only lost a battle)

I won't lend money to a friend and I won't partner with him with his horse racing activities.  Instead, I give him some money that I can afford to give to help him with his needs.  Since I have a bad experience in loaning people and at the same time had been scammed of my money in partnering with a friend, I will not give this friend a chance to commit sin that can stain our friendship.  I won't consent his gambling activities by providing or loaning him funds for his gambling needs, instead, as I stated earlier,  I would give him some money to help for his personal needs.

..emmm, you've not made specificities on whether or not your friend recovered from his illness though buh, if he didn't, then I'll have to administer some personal treatments First, then sit him down and tell him what he needs to hear - I can't lend anyone funds to gamble for any reason... That's not an internal revenue platform, or a sort of disbursement fund - it's way more different.

Sandra 🧑‍🦰

You wont really be that skeptical on the time that you would be lending out some amounts acts as a help specially on his treatment but in speaking on making use of it on gambling then you would really be that hesitating
on what he might do which just like the rest been saying that it wont really be that ideal on doing or lending him some money because you do see that he's really that eager to play again and dont mind about his maintenance or medication if ever he had been that still on such condition. So its better to give out some piece of advise on making things more better or arrange first before minding anything else specially on gambling.

Giving him a loan turns out that you are tolerating them and also do you really like on lending him money even if you do know that he cant pay it up on time? even if he does but still its not a good idea on spending loan
money on gambling and there's so much things or important matters which needs to be worked first before gambling or leisure times. As a friend then it would really be that ideal and something commendable
if you would be explaining things on what are the things that he should mind first.

That’s why it’s better to have another source of income as a gambler, and you shouldn’t depend on only gambling for survival. If your friend has other sources of income, I'm sure he will be able to generate money from there, and he will be able to start all over again, but it’s just risky to take a loan to win back his fortune, which I don’t really recommend people do. I don’t recommend people take a loan to gamble even if they are professional gambler and they have been winning for a long term.
 
Since he is your friend, the decision is left for you to make, but if you are giving him the money, then you should keep in mind that anything can happen to the money that you loan him, and I don’t really know how the partnership aspect is going to look.

You can't partner with him without supporting him with funds. It is funds the guy need and not encouragement. So if your mind tell you to support him with the funds then do it. But is it physical bet or prediction? If it is physical betting I will advise him to stop the game for sometimes to regain himself fully before going to join the race again. But if it is prediction then you can loan him to play the game but put at the back your mind that, he has an alternative way to pay back the loan if he looses.  If not your money stock there.

He's good in the horse race and yet he didn't win big upon all the games had played and that was why there was nooney in his pocket when he sick and if he was a successful racer, money won't be his problem after the sickness. Or he would have easily taking the loan from his competitors if they know that he was good. And since he was not a successful racer even this loan, there is no guarantee that he will win. So you better look for an alternative way for him to restart the race and not the loan. Don't take loan tto gamble.

if a person keeps placing bets and the entire bank goes bankrupt, then it's because that person can't win, so that person should stop playing immediately, I know it's painful and even when we say this to people it may sound rude, But we have to analyze things carefully, why would a gambler go bankrupt? The answer is simple: because this person is not able to place bets correctly and manage their bankroll correctly, imagine that you have a friend who has $100,000 in bankroll and keeps placing horse bets, after 3 months your friend looks for you and tells you he lost everything betting on horses

This means that your friend lost 100,000$ and if he had any gains then we would already be talking about losses of more than 100,000$, so your friend asked you to borrow 2000$ to go back to betting on horses, I ask you: if your friend with $100,000 bank was unable to make a profit and went bankrupt, so $2000 would change anything? the answer and it wouldn't change anything, he would lose everything again. The most recommended thing is that you as a friend should do in these cases and tell the person who is placing horse bets to stop betting immediately, you should not lend them money to continue playing because by doing so

you will be helping him become addicted to gambling, when a person cannot stop gambling even though he sees that he doesn't win anything and is bankrupt, then that's when that person is addicted to gambling. There is no other name, this is called addiction and it needs to be treated with greater urgency before it reaches much more serious proportions in the lives of other people in the family and friends, today they ask for money to continue playing, tomorrow they will steal money to continue playing and a day will come in which you can die because of gambling

Regardless of the reason why he's taking a loan, you know your friend more than us.

Is he capable of paying back the loan?
Has he turned down you at his promises even once?
How do you trust him in his words?

If you ask that question in the community, many might say that don't give him a loan. We can't give you any better advice. That common friend of yours is only known by you including his behavior, personality, traits, and many more. Only you can decide what to do, not us.

Dude has anxiety over losing his fortune in horse racing, would you really loan that guy or partner with him considering that he might make bad decisions due to his vengeful nature? I won't. That will be my help for him as a friend by not giving him anything because it will just ruin his life and his own health by gambling again.
The gambling industry has a stressful nature and whenever we experience losses, we tend to think hard about regretting our decisions. By partnering with him you just put yourself in the same position as him and soon both of you will have the same stressful environment which leads to disaster.
Help him on other ways, not like this or whatever is in your options.

Some friend wont really be minding whether he would be repaid back or not by his friend and there are really those people who are really that prepared or really that willing to help their friend at need but basing up

on the situation then this is basically a call for gambling urge and income or profit making on which you could really feel out the desperation deep inside which it would really be that resulting into further losses
as you would really be that desperate when it comes into your actions.If you are that someone who would really be that thinking up that way as a friend then you could really just simply tell him some recommendations on what things should be done rather than on spending.

I agree that playing gambling with a loan is never been that ideal.You are really that putting yourself into so much trouble or deep debt on the time that you would be busting up  yourself
that hard into this industry. Partner with him doesnt have no point because you are just simply tolerating him on what the things he do want and ending up for you to support his needs
and funding towards gambling which it doesnt make sense.

Neither giving loan nor partnering with him. Told him to get money before trying to continue to bet on it. Giving him a loan will be a disaster for you as you he can also become your enemy. Another scenario to consider is that your friend may try to deceive you if you decide to partner with them. I don't even see those options were good. Told him to get a job and get money from working on his job is far better. He shall have stopped to bet once he running out of money in his pocket.

I would rather than give him advice. It will be only destroying the relationship between you and your friend if you were doing one of those options. This is based on my actual life experience.

It would be good if he wins the game, but what is happening if he will lose it? The decision is yours.

First of all, it is your friend. Try to explain to him what is happening and why the risk of doing it is so huge. Try to persuade him not to do it because it can make his situation worse. Now for sure, he will still not be listening to you, so if ever you do have extra money, I will let him borrow it, but with less value, and let him know that his strategy is not working now so he can experience it and possibly make his eyes wide open.

I can also do this but how much of the amount to give to him is what I would actually have 2nd thoughts. $1000 is even too much for me but will this test result to enlightenment on his mind?

When a person is somfixated with their idea sometimes even with the intention to help, its us that looked not supportive to him. For me, $100 might just be right for him to see everyone is in crisis today so don't make it worse.

The fact that he will just use the money (that I will lend to him) in gambling, makes me hesitate to give him a loan. Regardless what form of gambling he is good at, it is still gambling and not guaranteed.

Therefore, I will just give him money as a help for his illness and not to use in horse racing. Even let's say he is good in horse racing, but you can never be so sure that you're still good like what you used to before since it's been a while. Moreover, in gambling, you need luck to win, so I will advice this friend to look for other ways to earn money rather than relying on gambling to get his fortune back.

I would reject his request to borrow money because I don't know how much money he's planning to borrow and even the good bettors can still go through a bad patch of losses, so you never know when he can pay it back. I might partner with him through his horse racing bets because it can be a fun hobby, as I used to follow horse bettors a few times. Also, it's tough to lend money to a friend because it could burn bridges, and i'd prefer helping in another way after i've had bad past experiences with lending money to a friend.

First I would thank him for his honesty and statement that he will keep on gambling money with loan. I wouldn't give him lecture but I would share my opinions about gambling with loaned money and that I don't want to give him. I would only suggest him to get back on his feet (symbolically) and earn money through different income methods. I would suggest him to gamble with money only he owns. That's pretty much it. I value my friendships.

If I am honest with you I do not like to mix business and friends, as this seems like a good combination but when you actually try this it ends in disaster, on the surface it may seem like a good idea to give a loan to your friend as you could make more than your seed money, but even good gamblers lose money and this could strain your relationship, besides unless you were completely sure they lost their money because of a disease I would be suspicious they lost their money gambling and they are just looking for someone to fund them instead.

Friendship is the most valuable and important thing in life. But you always need to be able to separate friendships and money, and this is very important, they should not mix with each other. If your friend asks you for money, but at the same time he can leave, then the only best way will be to help him out with money, but at the same time conclude a written contract with him, which will describe all the amounts that you lend him. At the same time, the timing of the return of this money should also be described. This will allow you not to be left without money if this friend suddenly decides that disappearing with money is more important than your friendship.

Taking a loan for betting is never a good idea, even if he is a long-term sports betting winner. I would probably try neither to lend him the money nor partner with him.

If I was forced to and had absolutely no choice but those two, it would depend very much on the person and the circumstances. I would probably partner with him until I got my money back and a bonus for the risk taken and that's it. He's not going to be paying you for the rest of his life because you lent him money once.

Wait he lost in horse betting because he was sick or is he just sick, sick? Cause if the former, then that's kinda bs, and if the latter and he's asking you to give him money to bet, I'd question him why he isn't asking a loan for his sickness instead.

In the first place, I'd never, ever loan to someone, whether they be friend or family, if the purpose was for gambling. If it wasn't for gambling but it is given to a gambler, then I'd need to check whether said money is actually spent on whatever need they have. I'd even be willing to spend the time to assist and check it myself.

Giving loan for betting is not recommeded although how close you are as best friend or not, loan is faster way how to cut off your relationship not only between friend but also as the family. I don't think good ideas giving loan for your friend to horse race bett actually with bad reputation loss much in that kinds gambling.
You can give few dollar as best friend relationship under 20$ to 50$ and never give loan yet if your friend using for betting, there are not guarantee with your friend horse race betting will win and he doesn't earn money yet for loan payment later.

after you say if he is very rich and loses at horse races loses all his wealth I will only choose the option not to lend money to him because it is clear from the start he is a rich man who can lose all his money and if you give loans to him he will definitely lose too money when defeat comes take everything. on the one hand, this effort is not that we are evil to friends not to give loans, but this effort can prevent them from losing too much money to gamble.

but if he has a job or an established business I think its fine to give him a loan because he has the income from his business to be able to repay the loan.

I wouldn't give him any money. Period. What do you mean by "partnership"? You both split the cost of the bets and then split the profits?
Such type of partnership still doesn't seem reasonable to me.
I don't care how good he is at betting in horse racing(or any other gambling activity). Gambling is extremely risky and I don't trust people, who claim to be good at gambling games. Even the best gamblers had suffered great losses and there's no way for anyone to provide consistent profits out of gambling.
If your friend had lost his fortune, that's his problem, not yours. He must get a job, work hard, save some money and start gambling again with his own savings. If he wins, that's great. If he loses, that's his fault

Everyday, people finds themselves in tight corner that would either explore them or make them fall back to trenches. I totally understand the whole sad incidents but there's always chances to bounced back but with more reliable source of income, and definitely not gambling. Lending him money, there's 90% probabilities that he will liquidate all this money because he will not gamble with the stable mindset and having the plans to multiply his funded money because has calculated number of time to pay back, putting him under pressure. There are many ways to resolved this matter without mentioning loan or partnership because both choices still make no sense to me.

I will not risk my money by giving loan to him even though I know his predictions are good. Basically we should not think that if a person is good  at predictions he will always be right in his bets. Sometimes the upsets do happen and who knows that it is that time where he loses with our money.

Just make a simple principle in life and that is not to give any loans to the one's who want to gamble with our money.

That is like Homer Simpson collecting all the family's money for racing purposes and making a ridiculous bet that loses.

Nobody should provide any loans for gambling, the house edge is simply too high in all cases to expect any reasonable return or profit to be made. Not even if it is to a friend, because you should not be gambling what you can't afford to lose in the first place.

I would prefer an option to give a loan instead of partnering, because in that option that person owes you whole sum and you would get less profit (or even zero profit) and risk. While if you partner, you will  get only half in case bet looses. If you become a partner, think of becoming addicted also and make unnecessary bets. I would have more doubts if I should involve in that at all, instead of thinking giving a loan or becoming a partner. As this is not just to choose how to part with money, but how to get involved into gambling or not, as this friend might drag you into betting and you both could lose all fortune.

I think I'd go with my doubts that he will not be updated anymore on these kind of things. If I'd give him a loan I guess it would be wise if there's some kind of collateral that he may offer. It's a risky thing considering he'd just put it on gambling which will not be so sure if he'll be the same man before that's good at it. Or, just don't give him any money.

Personally, if a friend like that visits me, actually these two options are not a bad thing. Because both options have their respective advantages and disadvantages.
For example, suppose I lend money to my friend to continue gambling, psychologically I don't need to worry about anything, because I lent the money and my friend will definitely return it. Then if I partner with my friend, the profit lies in the income that will be obtained when my friend makes a profit. But the risk is that when my friend experiences a loss, I personally will automatically lose too.

So if you look at that, if you want profit, I will definitely choose the option of partnering with my friends, but at the risk of experiencing losses when my friends face losses. But if you want security, I will definitely choose to lend it. So because I prefer those with minimal risk, I prefer the option to lend it.

We are talking about gambling, so if we decide to lend money to a gambler, we must be aware that there are always chances that the money will be lost. Are we ready to forgive the debt in that case? Gamblers rarely have money to pay back, because they usually lose everything they earn...

The best choice is to stay away. Landing is good if you really trust someone, and you know they have ways to return the loan. But when it comes to gambling and giving loans to others for gambling... I don't think it's the smartest idea.

I'll be honest if I can't lend him the money, especially if the money will be used to bet on horse races. I don't know how skillful he is at picking a good horse that has a chance of winning but it is gambling and in gambling, it is hard to win so if he borrows money from me or anyone else, it will make it difficult for him to pay back the money he borrowed.

Maybe it's cruel because he's our friend but I don't want to put him in the difficult position of being unable to pay his debts. Apart from that, I also don't want my friendship with him to be damaged just because of money. He could borrow from someone else, but I don't want to risk it if he can't repay the money he borrowed.

It's actually hard to lend someone money knowing that he'll just use it in gambling. Although he has a history of being a good bettor at horse racing, it won't still give you an assurance since gambling is a risk. Maybe it's better to advice him to find another source of money. So when he have extra, he can go back to horse racing again if he wants to.

But just like what we've been hearing here, loaning money to use it in gambling is never a good idea. What if he lost and wasn't able to get back the money he borrowed. How will you get your money back as well? Although he was honest about using it in horse racing,  I still wouldn't let him borrow money. It's like you're feeding his desire that could lead to addiction.

You don't need to get pressured on his request since if you can't afford to grant his request then decline it since this is more better decision to do and it can help you to get away from stress and also you can save your relationship with your friends since everything might fall apart if he fail from his plans.

Just give him an advice on what is the most proper way to do and he need to stay away from gambling for a while and focus on recovering. After that maybe he can go back to what his activity if he's 100% healthy and financially ready.

Upsets do happen like they're happening at most times.

I agree, if a gambler asks money from the bank, he'll get rejected and declined. So, as an individual even if you know him personally and for a long time, if you're too worried about your money then just avoid and say no. It's okay to say no in times like this because the borrower isn't even in danger but only want to satisfy the crave to gamble and have some quick buck from it.

Gambling most time is unpredictable and we need to measure our risk before we decide to go into gambling fully to avoid unnecessary loses and torching stories. I will never support going for loan in order to make bet just to recover lost funds. A lot of things are happening and we need to be very careful on how we make decisions that can affect us in a long run because of our wrong decisions if not taking with consciousness. There are many gamblers that had lost there funds because they used emotions to gamble which is very dangerous.

Because it is too difficult to earn money, I will not be willing to deposit money for him for the purpose of gambling.
There is nothing that can guarantee the money will be returned at the right time in gambling.

It's different if he is an athlete in horse racing, I will help him as much as I can.
Very experienced in borrowing and giving loans. As a gambler, at least the gambler must be responsible for the gambling they do. Don't because gambling is all messy.

Taking a loan for gambling is never a good idea there is no exact guarantee of winning in gambling. If you lose paying off the debt will be difficult and stressful also not good to partner with anyone the risk will be less if you have to limit yourself to what you win or lose. So when deciding whether to save or borrow for a bet start by asking yourself how quickly you need the item. If you are too worried about money then review your borrowing options and choose the one with the lowest cost. Finding alternatives to gambling without borrowing money will help you move your life forward. But take a loan and think about how to use that loan. A good understanding of bad debt can help you make better use of it in your life.

The fact that he is good in horse racing wouldn't stop me from giving him a loan to continue with his racing bet, of course there isn't any straight or consistent winning streaks in betting whether horse racing, soccer, tennis etc there are always some period of losses and   there is the tendency that he would bounce back after he had recuperated from his illness, a wise statement says “A Friend in Need is a Friend Indeed” whatever help I can render  him I would do so instead of partnering with him to share out of the money he would earn, if he eventually win some bets I believe he would pay back his loan without any qualms.

If it were me, I would say emphatically not to loan it out. And according to my logic, he lost his fortune betting on horse races.
And if I lent him with the intention of recovering his fortune, I don't think that makes sense. Since most gamblers aim to chase losses, it will only make them suffer more and I don't want that to happen to me.
And I also care if he is angry or upset because I didn't lend him, because I don't want to lose my money and I don't care about losing it either.

@robelneo, it's easy to deal with a friend like that, there is a wise scenario if you respond positively, of course you don't look at him in a negative light/the desire to gamble is caused by borrowing money.

For me, of course I will take a policy for that friend, because he is sick and he is an expert in horse racing betting, you are a wise thing to consider.
1. Give him money, but not a loan, give him money for free, you don't need to know what the money is used for, gambling or other things, what is certain is that you have helped your friend for the first time with money.

Tell your friend, there is no borrowed money, but here is some money that I have, take it and use it wisely, regardless of whether he is gambling or not, maybe it's better from your side to help your friend who is sick, If he uses his money to bet wins, it means you have helped him positively and if he loses, it means you have nothing to lose in assessing your help, at least you have helped your friend.

I do not lend money and do not cooperate with people in whom I have doubts, as I have met many times both with fraudsters and unpunctual people who do not honor the terms under the contract. As I understand the person who told you this story doubts this person, so if he still intends to cooperate with him or lend him money, let him draw up a contract and notarize it, so that then there were no unpleasant situations.

To be honest with you,if gambling is the only option,I wouldn't give him a dime,I will humbly tell him that I don't have money to help him with, because he will end up losing it. Gambling is a game of luck and there is no guarantee that he will win as he said. It is better he goes somewhere else to look for a loan or partnership to avoid any problem in our friendship. It is only a lazy man that will believe that it is only through gambling that he can make it. There is no need to gamble when you don't have money no matter how much you believe in yourself because you will end up gambling in an unhealthy state.

Same here, I will not loan him a money but not because I don't trust his instincts towards horse racing, nevertheless if he's good at it or what's his situation that might be a hurdle in wagering, but because I don't want to put our friendship in vain as I know that money can always be one the reasons why relationships will be severed. And even if he's good at it, there's always a chance that he will get it lost as there's always two sides of the coins.

I am sorry to hear that he has a bad health condition and he is unable to work. Now I am wondering how he will live his life. I feel sorry for him. For some reason, I believe gambling cannot be a primary income source. Gambling is all about winning and losing. Even if he has a long-winning streaks, a single losing streaks will bankrupt a person and this will worst in his case.

It would be best if you an gather all your friends and sum up a good money and establish a small business where he can make money and live his life. If he can grow his business, he can repay you later.

One of the reasons why gamblers always lose more money is when they chase after their losses. When gambling and you lose a large amount of money, trying to win back the money shouldn’t be the next thing to be done. Just take a break, and when you are coming back, just gamble normally. You shouldn’t try to win back the amount lost within a short period of time, or you might end up losing more money during the process.
 
Also, if you are trying to gamble and you think the best thing to do is to take a loan, that’s also wrong because when gambling, the pressure will be kind of high because you know the money you are using is not yours, and you might end up losing even after making a little mistake.
 
I can say the Op friend is trying to make two mistakes. firstly, he is trying to chase his losses, which is very wrong in gambling, and secondly, he is trying to take a loan to win back all the money lost. He is so desperate to win back the money lost that he might end up losing the money he took from the loan also.

By 'recover his fortune' do you mean he is chasing his losses and wants to win back what he lost? If that's the case, don't lend him money or partner with him. Chasing losses is the biggest problem for many gamblers losing their everything. So I don't think it will be a good idea to deal with something like this. Make sure that the person you are lending money to is capable of returning it, or has what it takes to pay you back. If not, then stay away.

Betting is a 50-50 chance. What if he loses and isn't able to pay you back? That will ruin your relationship with him. So be sure to check these things before lending money to others.

That's going to be a pretty challenging place to be in because he is your friend and you have a belief that he can recover somehow, how he "was" before where he had a lot of money but then lost everything in gambling.

I'm quite confused about this part

Did he lose it because he was hospitalized? Or did he lose it in gambling? Because there are two ways you could go with this.

If he lost it due to health complications: Go lend him the extra money that you have since it's not because of losing.
If he lost money to gambling: Don't lend him money. It might not come back to you. That's going to be a problem in the long run. You will just get stressed.

I hope you make the right decision with this OP.

The scenario I once experienced was a friend coming to my house. After chatting for a while, he then wanted to borrow some money. As is my custom for friends who want to borrow money from me, I always ask first what they borrowed the money for. He said it was originally to buy food, but I hesitated to lend him the money since I knew he was a card player in my neighborhood. Suddenly, there was a call from his brother asking if my friend was at home. I said yes, he was here chatting with me.

Then his brother said if he wanted to borrow money to buy something, don't lend him money. He had lost playing cards with his other friends. He comes to your house and wants to borrow money. Tell him I was told by your brother not to lend you money.

Well, finally, I was saved by a call from her sister. But I also don't know if the money will be used for playing cards ;D

But I was already suspicious when he wanted to borrow money to buy food because he did not have difficulty with money, at least for his family. He leaves me desperately because of his brother's phone.

Won't be minding how long he's been away from playing or betting in such kind of game but rather would consider his capability of paying. If he's solely dependent of the outcome once he bet the borrowed amount, then that's obviously a no. No matter how bad he knows he can win with the amount he's about to borrow, no one has the guarantee. Practical and obvious calidation is the fact that he lost huge amount of money. Thus, there'll be no assurance of him being able to give it back in an instant unless he has a high paying job which you can lean on or unless you are too kind to trust him. It's on you basically.

First off I don't condone horse racing (or animal betting of any type) as it's extremely cruel.  Eventually there will be no more horse racing (just as dog racing has all but died in the United States) as people are finally starting to wake up to the cruelties of it.

That being said, I wouldn't loan any friends any money period. Even if he's good at betting horses, that doesn't guarantee he's going to win you or his money back, plus he's more likely to be reckless being that it's a loan.

A friend in need is a friend indeed. If my friend was in such a delimma, I don't think it really matters if I partner or loan the friend the money.
Whichever one it boils down to, the notion of borrowing to gamble is already risky and not advisable, but if I could gift him money close to the amount he requested without bothering on what he does with it, but with the warning that that's all I can do, I would have done enough.

In this case, I have to pick an option and  I would think that partnership with him is better, at least I get to watch him at his word, gamble, while I learn or try to understand the game better and hold him accountable if he loses, so he doesn't come up with such a genius idea next time.

After all what are friends for, if not for inconveniences.

It is assumed that you knew such person in toto and at some points had helped you before or maybe you guys are into gambling together, I have no option to loan him that money because knowing too well that any money used for gambling is not worth counting on except that person win's a bet before we could say the money had generated profits otherwise any money using for gambling can be consider a lost one. Loan him that money means you are also taking precaution anything is possibly to happened because gambling is not a guaranteed game that he would play and win as his mind tells him.
My advice is that, loan him a money you know that you aren't in haste to use it or something you can easily forget for him if he weren't able to pay it as quickly as you think.

Before giving a friend a loan for gambling, you should keep in mind that it will always be too difficult to get your money back. You should consider how he would be able to repay you in the event that he was to lose money gambling. After all, it appears that this is how he makes his life. There is no other source of income he has apart from gambling. Repaying your loan to you will be based on whenever he wins in his horse race gambling and recovers his losses. 

The best option in this scenario is to give him the amount you know, it won't give you a headache if he refuses to pay you back. As for loaning a friend money to gamble is what to avoid. If you still want to be friends with him.

I don't want to sound insensitive, but I think this is a legitimate question. Have you considered the possibility of his health deteriorating or, even worse? Aside from the risk of investing in such a gambling venture, I believe you also need to think about what will happen to your investment if the worst-case scenario unfolds.

Well, I genuinely hope your friend makes a recovery and manages to find some enjoyment in the rest of his life.  Sadly, based on my own experiences, it can be quite challenging to bounce back from such an illness, and often, the condition tends to deteriorate over time in most cases.

First let me say that emotions should not be prioritized over finances. But as a friend he can claim money or loan. But it is better not to give it for any gambling purpose. Because when one loses in gambling he can spend more to recover the money. He can even bet on borrowing or lending money. It is necessary to first ascertain the situation of your friend whether he is an addict or not. If he is not an addict and you have confidence in him then you can lend him money. Also if you think he is an experienced player then you can take risk as partnership. It will totally depend on you.

In the reality, many our friend reason ask loan not for using to gambling but they want to buy some medicine to his family or his children, we can't reject for giving our friend loan because know what he fell and our emotion what happen if his children can't help, but many of them are giving wrong reason when asking loan and use it for betting.
I don't think any our friend will telling true when asking loan because not easily any people want to give loan use for betting. Not guarantee for winning and there are not chance for repayment back our loan when giving to them use it for gambling, better keep away with this kinds of friend if won't something bad happening in the future.

I share your sentiment, I know that it will take some time because this horse racing or other games that are involving animals in general that are part of betting are somehow a part of the culture or history as these kind of games has been with us since time immemorial. We cannot even trace it back from where it started because of the very long time that has passed but it's sure that these day and age, games like these are getting minimized until we can take it out in our lifetime.

Now for the OP, if I'm in that position, I'd take a stand and reject his idea because there's no good in that. I know that he can always go to somebody else and that's okay as long as he knows that when it comes to money specially for betting, I'm not his man whom he can borrow.

In this case, if I had spare money, I would lend to him. The guy is a good friend, has always been very successful on his bets, plus growing the money earned into a fortune, showing a very responsible behavior. Inevitably he had to spend with health issues, so I think he deserves a helping hand. Let him celebrate his life doing what he enjoys! I couldn't desire something different for someone who had been ill, especially if close to death.

It's different from the situation involving a scammer or compulsive gambler. We can't generalize.

Gambling is gambling. Once he mentions that he will use the money to bet, I won’t borrow him that money because I’m afraid of borrowing him money and coming back and hearing another story. At the end of the day, gambling has no guarantee of getting the money back, which means the money may not come back, and whatever expert you are, you will still lose in gambling, so the only thing I can do for this friend is that I won't borrow him money, but I will give him some money that I know, even if he didn't tell me to borrow him, I will give him for free. If the money won't be enough for him to get what he wants, he can now go to another place; maybe he will get someone who can risk his or her money to borrow him and place the bet.



Exactly. Borrowing a gambler's money is just like investing what you can afford to lose. because there is no guarantee of getting your money back, so while making a decision like this, you need to be very careful of the kind of amount of money they will request from you as a loan, even if they are friends, because he may place the bet and he will lose, and you can’t ask for what there isn't. As it shows, the OP friend doesn’t have any other way of getting money than horse race betting, so you can see that there is no possibility of getting the funds back if he loses the bet.

Same here, I don't lend money to people who will use it for gambling, as it's too risky and there's no guarantee that they'll pay me back. Even if someone is a professional bettor, I still wouldn't trust anyone with my money when it comes to gambling. However, if they have a stable job and receive a salary, I might consider it especially if they are a close friend.

That's the right thing to do, for me.
Gambling will just add problems for him and if he is diabetic then the best place that the money will go is for his insulin or other medication that is needed for his treatment.
It's not like you are being selfish in what you are doing, you are actually the helping hand by not letting him go through more stress.
Ask him why would he like to spend the rest of his life gambling. How about his relatives? Doesn't he feel like he should be spending more time with them, especially in his case? I think the habit when he was stronger is just coming back and I have my own experience with my father behaving that way after he was stroked. He still likes to gamble in cockfighting although there's no way he can walk to the cockpit anymore.
The only help I gave him is by letting him watch the live cockfights during Saturday afternoon, thankfully he enjoyed it.

Too risky a risk to take man, is a red flag to give friends and families loans because they may likely not pay back, worst scenario in this case is that your friend want to take the loan to gamble with the money which we all know that there is nothing like expertise in gambling and is high risk activities.
This make is very clear in my opinion that you have high chance of not getting the money back in the long run, Let your friend get a stable job if his health conditions permit that, and he should gamble with any amount he has but should not take a loan to gamble with because that will lead him into a bigger mess.

Dont tolerate him and if you do see that he had some slight gambling addiction then there's no way that you should really be lending him some money and if you dont like to have that kind of potential problem in between your friendship then it would really be just that better that you should reject or would really be trying out to say that you dont have money instead on making him getting some loan. You arent that blind on not to see the condition specially if he do still that in recovery.Even we do say that he has some good record when it comes to sports betting but we know that we cant really be lucky forever. What if he would really be able to lose it all on the time that he had played out gambling and then make a reasoning that he cant really be able to repay you and it might take up some time? For sure it would really be bringing up that kind of
conflict in between  you two and if you dont like for it to happen then its better not to tolerate him on giving up some loan even if you do have the money then it would be ideal that you should be
pushing him to play even more. Getting some loans for desperate gamblign sessions? Its never been that ideal nor good at the first place.

Exactly what I had initially proposed. You don't help him through giving him the money to gamble, you help him with whatever you can give/impart to ease up his illness and then by then, help him get a more stable source of income cause when you're betting and all that, there's no clear reliable way for you to really earn, no matter how good you are at it. He already lost his fortune, which makes me think that either he's uninsured or he's bad at financing, which will only become a recurring issue even if he does get his fortune back.

Teach a man how to fish as they say. but in your friend's case, you gotta give him the fish too.

It is better not to lend him money if we already know the risk that he will not return the money to us. That would be much better, especially if the money is used for gambling, where gambling will not always result in winning. It would be better for him to look for a loan from somewhere else or get a job to make money and use it for gambling. That way, he won't have to owe you or anyone else anything, and it will keep him out of the trouble of repaying his debt. And with his own money, he can freely use it for whatever he wants, even if it's for gambling.

There have been many stories you would be got a new enemy once you were lending your money to your friends. I saw that hundreds of times. It's not a recommended way to lend your money to your friend once you knew that your friend is unlikely to pay back it.
Never try to do that or you will be risking yourself in a problem with your friend. There's no guarantee if your friend will be winning the bet. Even though it was not slot but it's not also guaranteed your friend to win the game.

The better thing to do is telling him about he available job and he can get money through working. I saw that many times people were always in trouble caused by they were lending their money to their close friend.
The decision to lend him is the worst one that could be made.

A lot of people are also aware of how difficult to get back your money once your friend was losing the game.

Winning remain the priorities for most of these gamblers, we just have to stick to drawing out good mappings that would results in profits for us, however we can not also prevent losses along the line, because losses can not be permanently removed but can be temporarily prevented for estimated period of time. You're absolutely right about the stated out suggestion. Lending him money to gamble is another risks because he would be put under pressure to make more money to recover the money he borrowed and also the ones he lost to gambling, making the whole circumstance complicated and tough to handle.

Depending on the conditions, if in the past I had a debt of gratitude to him maybe I would help him with money and maybe more than that. But if he's just friends and we're not that close, maybe I won't give him a loan, because the chances of him losing are pretty big and we're not that close for me to sacrifice for him.

If you immediately feel doubt about what he needs, there is no reason for you to grant what he wants to happen to what he borrows from you. It is difficult because you help someone who has doubts, and it will come out as if what you are doing is against your heart.

Maybe it's also good to be honest and explain properly why you can't give him what he wants. Because if you think that you are going to lend money to the person and then you know that he will also use it for something else, there is no certainty that the loan will go to something meaningful, and it will appear as if you just wasted or threw money away.

I have loaned to such people in the past but they talk as they do when borrowing but there is a gap between their words and deeds at the time of payment. I don't want to put myself at risk by lending my money to others. Especially for gamblers. If they are desperate for money before gambling and lose, they have no alternative way to pay. But yes, it is considered safer for those who have a specific source of income like a job. Even if they lose, they can make up for it after a certain period of time. But there are some gamblers who are very sophisticated who want to pay off their debts on time and there is no chance of any loss in lending them.

I don't see any reason why I would borrow gamblers money and expect him or her to pay me back later. I know he or she will find it difficult to pay me back because gambling is not a reliable source, and no matter how good someone may claim at gambling because gambling is a guarantee option. What I can only do if I have money to give out is maybe give such a person money, but I don't think I can borrow gambler's money, no matter how close the gambler may be to me. I am not sure I can take the risk.
 
If it is not that someone is addicted to gambling, how would someone think of taking a loan to gamble on something that has no guarantee and whose probability of losing is still high? I will say that is a bad idea. I have seen many gamblers take out loans to gamble many times before, and what they end up is still lose all the money there. But the truth is that it will be very hard to see a gambler trying to take a loan, and they will tell you the truth: they want to use it to gamble. They can only lie and take the loan because I don't think anybody will go along with the idea of giving a loan to gamble.

It's just his expectation, imagine if you've give your money to him which actually you can't afford to lose because you're also think he will win, but what if your friend lose? what will you do to your friend? if you can't accept the lose, you will angry and blame him everytime. But as we know he's sick, so you will make his condition become worse and it's not good for both of you and him.

The best is reject it and explain it with logic.

Yes, it's true that it's just their expectations and shadows, for the result, obviously I think it's only 50-50, meaning that it's not necessarily winning and not necessarily losing but it's wrong to assume that the final result will match their expectations, even though it's just nonsense haha. Yes and I would also advise you to lend him instead of partnering with him, because as you said if you partner and your friend wins then yes you will get a percentage share of the winnings, but the question is if your friend loses? Obviously you will not receive the results and your money is lost there. Therefore if I have to choose between lending or partnering then obviously I would prefer to lend it because there is a guarantee that the money will be returned whatever the outcome of your friend's gambling, and in my opinion it is useful to minimize things you don't want (defeat).

But yes, if there is another option, it is better for you to just let the offer go, as you said, don't choose the first and second choices, and talk to him about the reasons why you rejected it, and indeed that is better.

I don't really recommend both because the options you provided are risky. The moment you allow him to loan, there's a chance that you won't be able to get your money back. Let's be frank here, a borrowed money should be considered gone unless you have an agreement stating the deadline of payment which is notarized by an attorney to have an assurance. But if you will just let them borrow and use your conversation as proof, then don't expect anything in return. Because most often than not, people are only polite and kind when they need something, but when it's your time to ask them for what they borrowed from you, they become aggressive and angry.

Partnership isn't also recommended because he might forget about it and not give your share to you. Sometimes greediness takes over a person so you can't really be sure. What you can do instead is to give him an amount that isn't heavy on your heart to help him. GIVE and not LOAN. This way, there will be no hard feelings if he won't return the money because it's just your spare.

If he wins there's a percentage of yours? but if he loses it a 100% in your part I guess the ideal is to lend him a loan to you if you are willing to, because at the ends you will get a return plus the interest if you want or as is with the 1:1 ratio because its your friend, for me partner with him is not a win win in your side, but if you have a good result with games I guess that's the time you are building your trust to him and you are willing to take the risk.

If I were in that condition then I would not lend my money to him to gamble or bet, even though he has good luck and knowledge in betting or even gambling games. I have several times had the experience of lending the money that I have to be used by some friends to gamble or bet on sports betting, but in the end it always only damages the friendship between me and some of my friends.
I don't know if I'm the only one who always ends up bad when lending friends to bet or gamble or does everyone feel that way too?.
I think it is better to lend them to open a small business or a business than to lend them to gamble because there is a high probability that they will not return the loan if it is used for gambling or betting.

Looks not good option with loan clause, if his friend winning will pay with loan interest and bad for borrower have to pay full 100% if get loss in betting, actually is not recommended to be partner in gambling platform because he can't promising will win in gambling and get repayment your loan with ration 1:1 without ask him higher loan interest although he won in gambling.

Get partnership seems has chance for his friend not worry when losing in betting, you right is not recommended to get relation partner for betting and not the same with building business. More than 80% of chance for gambler are loss but they try with fewest chance percentage to win in betting. I don't see any potential earn profitable with gambling and give them loan for all in or depositing in gambling platform.

If someone come to me for taking loan then I will surely give him loan but if his aim is to utilize this loan in the process of gambling then I will not utilize my money in such activities. It should be keep in mind that if a person is taking loan for the first time and he did not succeed in betting then taking laon for him will become an addiction.

It is necessary to overcome this habit so eventually this will turn into good habit. I don't understand that having lots of money why people loss all of them in gambling?
May be they are not thankful for the money they have and they want huge amount so in this greediness they loss each and everything and also they don't want to do any job that requires hard work therefore such people goes towards gambling which is not promised always.

Lending money to a friend who gambles is risky. Because he will lose that money by gambling and will not be able to return it later. So if you have a friend who is a gambler and wants to borrow money from you, give him as much money as you can give him for free. Because a person who is addicted to gambling is always attracted to gambling so he cannot give up gambling so he will not hesitate to gamble in any situation. So it is foolish to partner with him for anything too

This is the right action towards this instance since the friend being mention by OP is now a PWD which makes him unable to work. This means the person who's borrowing has no way to repay the debt once he loss all the money on gambling.

The good side is when they gave free money, They can help the person to recover financially since he is good on sports betting because he can focus on it all day long. No pressure on the the money they share.


reference for my statement about the current condition of the person in subject

In this situation, I may give him a loan but depends on several factors such as:
- How much/how far I know him personally, if I know him as responsible person then I'll give him a loan.
- How much is the amount, it should be reasonable amount compared to his current financial situation (job).
- Collateral, I will give him a loan if he provides a collateral which worth more than the amount he ask for the loan.
- Last factor is obviously depending on my own current financial situation LOL.

It's one of the worst sport betting though, I mean the odds is not that good and most likely this is why your friend, even though he might be good at analyzing the horse races, including the jockeys and the time of the horse, might still lose in the end.

But regarding your question, I wouldn't like no part of his gambling though, so it's either I just loan him some money and then wait if he can pay it right away. I would not want to partner with him as it might be complicate things being the one that loan the money for him. The only thing you can do is wish that he can win and pay you back.

This scene is like always the breaker of relationships especially with friendships and relatives. What you can do if you really want to help him, it's either don't give any amount at all or just give him some relatively amount which isn't that much and not a total loss for you if ever he won't pay.

In that sense, you're able to help him and you have also satisfied yourself of helping him. That's the choice that you can do but if you're okay lending him money knowing all of his backgrounds, that's your problem later on when he's got no money to pay you.

First of all it must be a risk because if you lose the games now then there may be money crunch or confusion within ourselves. I think one should not resort to loan for any gambling because losing in gambling will lead to financial crisis and may put a lot of pressure on you for loan which will damage your life. However, my best course of action is to search for a specific stable income source and then call him on that. However, partnership should not be used in terms of gambling because your partner may not accept the amount of loss.

I like to give people the benefits of doubt. At least he was honest and being that he is my friend, my best course of action would be to first tell him how terrible the idea is but then if his mind is still made up to go ahead with it, I'll loan him the money. Only the amount that I know that I can afford to lose.

I don't think I would need to school him further on the risk involved. I'll give him the money, not all of it and certainly what I can afford to lose like I had already written and wish him all the good luck he'll ever need.

I think that would be the last thing that any reasonable person would do because there is never a certainty to someone who is a gambler actually paying you back the funds which you borrowed him and I can only do that when I know that he or she has a reputable means of paying back the funds. Gambling with borrowed money is never the best choice and hoping you can pay back through that means actually makes it worst because with no doubt for sure you might end up being in more depts.

I'm more confident on giving a loan to the people I know because I already know their personality. I think you should know them too. So if you think that the close people that you know are not likely to pay back, why will you still lend them a money? If ever you already did and they didn't pay back on the agreement date, you can always inform their parents or partners. I'm sure they are the ones who will pay you.

It's also best to give a loan for a more important needs and not in gambling because you are right, that it's hard to win on it, and we are only helping them to become more devastated. If they have a job or a money of their own, they can gamble whatever they want but it will still be better if they have a control of their selves, as working is not a joke. To become addicted in gambling is also hard.

First of all, I have no relevant knowledge about horse racing gambling, but I can make an analogy with other types of betting. for example, football betting. in essence, in any betting or gambling, there is no guarantee that we will have 100% winnings in the betting session. whether it's horse racing, or other bets, even football, which I really understand.

Tell a little story, I know football betting, not only related to the odds provided by the bookies. but more than that, I studied how the system that was implemented worked, what patterns they used, how when a mediocre team made a strategy looking for ways to prevent against a strong team. all of that is in my scenario, when researching and analyzing the team that will compete.
Well, it seems that in horse racing betting too, we will learn which horses are good, have the potential to win, and all sorts of things. but because your question is not related to the technicalities of betting, but more about Give Him a loan Or Partner With Him.

Honestly, I can't answer that for sure. because so far, I have never experienced this kind of situation. It's just that, how wise it would be, I could lend it to someone if it concerns basic needs. for gambling, I'm not interested in partnering. or maybe, I could just give him some money. If he is really good at betting, he can start from small things to become big. after that, it's up to him whatever he does.

True that, it is very risky on the person who is giving a loan.  Since there is no assurance in gambling, no matter how good a person in sports betting is, there is always this tendency that he will lose the bet.  And since the friend has no source of income, we are only helping our friend to buried himself in debt.  Partnering seems the lesser evil but it is like consenting him to not focus on getting a job or fixing himself to have a regular source of fund.  It is better to give him the loan if it will be used to find himself a job or if he is sick, to recover from his illness and finding a job when he is all well.

If a person is really good at sport betting then they will never lose all their money in it, it is that simple, and in that scenario we should never lend them any money as it is likely they are going to lose it too and then they will ask for even more money from you, as you have accepted already to lend them money once, and once you reject them regardless of the amount you lent them before they are going to form a grudge against you, and in that case you may as well reject them from the beginning as in that way you will at least save yourself from losing that money.

If you will lend him money to gamble again, it's like you're supporting him to make wrong decisions again. It's better to advise him to look for a regular and decent source of income rather than borrowing funds to gamble again. He already experienced failure so he shouldn't rely too much on his luck because gambling is a risky thing and it's not a good idea to borrow funds to to bet.
Gamble only with the funds that you can't afford to lose and not with borrowed money that you won't have any assurance that you could pay it back in time. Better be sure than to take another risk where you would face consequences.

Giving him money when you know that he wants to gamble with it shows that you are ready to let go of the money because he might end up not paying back. If you are the type that is hoping to get back the loan when he promise paying back,it means you are thge cause of any problem that occurs. I would't give a loan out to a gambler as long as i know that he wants to gamble,especially those gamblers that take gambling as a full time job just like what OP mentioned,because it is like you are throwing your money away. This is because there is no assurance that my friend will win as hse believes,sinve gambling is a game of luck and not only about skill.

If he is a very close friend and I trust him, I can give him a small amount of money to bet that is not important to me.This may not be a big loss for me, but if I have a good history with him in terms of friendship, I can say that it is a chance for me to reinforce it.I tell him that even if you lose, it is not important to him and I forget about it.I want to try my luck in such matters, but the important thing is how much money I can risk by giving it to my friend.

There are really people who would really be that kind of supportive when it comes their friends specially close ones on which they dont really mind on those amounts as long they would really be able to show up some
support to those people who are important to them which i could say that its something that other people could really do on some extent but there are ones who would really be mindful that much of their money.
Even if they do have that amount but still trying out to ignore and tell that they dont have money but of course i couldn't really blame them on, considering that earning money is never been easy and just simply give it out on a friend who had been having that addiction problems or something that do talks about involvement with gambling then it is really that hard for you to believe on that they could really be able to pay in due time.
If you are a type of friend who doesnt really care that much and give out importance on your friendship then it would really be on someones decisions whether they will really be deciding on granting him a loan
and wont really be putting up some due terms or not. It would really be entirely be depending on you since not all would really be that mindful about their money as long they do able to help their friend
which i dont see anything wrong on this though.

I quite agree with this one. Probably it's the fact that he lost his fortune to gambling that may have made him to lose control of his emotions and may have led him to drinking or even other vices that may have prompted the operation. He's still recovering, and loaning him an amount so he can go back to what may have led him to the operation room in the first place is like giving a diabetic chocolate.
Just like you have stated, it's best to give him an amount that I know I'd not need to worry about; that way he won't have to be pressured to make stupid decisions just so he can meet up payments. But then again, if he is a chronic gambler, that money might get lost and he'd need to collect another loan, thereby piling more debts.

I agreed to tell him about available jobs so he could apply and earn some money. Later, the money can be used for whatever he wants. I didn't want to lend him money to gamble because I knew he might get into trouble where he couldn't pay back the money he borrowed.

I don't want that to happen to me, especially since I have to adjust my financial position if I lend him money. And that would hurt my financial position. If it is for gambling, the money that will be used may not come back, let alone get a lot of money from gambling.

Although winning will be a priority for gamblers, they must also know that they have the potential to experience losses and even big losses. If they borrow money, they won't be able to pay it back if they lose. We don't want that to happen. Instead of having problems in our friendship, it's better not to lend him money and ask him not to gamble. But if he doesn't want to accept our advice, it's not our fault because we just don't want him to get into trouble for gambling. The situation will become complicated later, especially when we ask for the money back because we have a sudden need and he cannot return the money. It will make us feel uncomfortable.

Don't give out the amount of money you cannot afford to loose, be it in gambling or lending.

Know that you're taking a risk of giving him and at the same time risking the benefits of doubt in him

What makes him think he can win this second time after woefully loosing the first time

If you think you have the money and it's not going to affect you then give him.

If we can take good observation of the above advise on gambling, we will learn to minimize risk and avoid facing ugly consequences at the cause of lending money in gambling.

Honest advice. Do not give him any amount of money. First things first, if you give him money, you're not actually helping him. If you are truly his friend, you will help him in a better way without involving or having to use betting. Second, he used to be good at horse racing, it's all in the past. No one knows what will happen if he goes back to betting. Help him in another way, don't be the one to sponsor his desire to go back in gambling.

it's better to ask. some people borrow money. especially if the money is for gambling how does he return it if he loses? it's your money. I'm sure even rich people need money. then you can't just lend it out. even after he lost his fortune how can we believe they will come back just because we lent him money?

If you are kind hearted person,mostly you may give the loan.As like your opinion many people don’t give money for drugs and gambling.Because both drugs and gambling won’t help their family for the food.So many people doesn’t give their money for gambling,if you are in medical emergency the helping hand will be more.The person who get addicted should not get loan for the gambling ,because the addict person can’t win in the match Because of their emotion involved in the betting,The emotion can be reduce by the continues practice for gambling addicts.

In both cases things can get difficult, firstly because a loan makes you commit to a deal where the friend who has to pay cannot be found, so that it can be considered as something faithful and that can be completed, be sure to do it. Transact with that friend so that both can benefit, a loan must be fully fulfilled at least with the payments, because there are people who are very sensitive about money, they are even capable of leaving a friendship of years for that reason, we as good friends , we must be careful when lending, because not only the financial part can be compromised, but everything related to reputation, friendship and good treatment can also be compromised, we can play with that option, so always It's good to have clear clues, where I live there is a very nice saying, "Clear clues, keep friendships" is a very wise saying that applies to any situation, especially when it comes to money.

Now when it comes to how to make associations with respect to any business, that is another thing that must be very careful, because if there is one of the two who is not a person who wants to invest, but rather make profits to spend them, it is not the right choice either. idea, we must see very well that when we get involved or associate with someone, our duties are also that we must preserve and try to increase our capital, that is basically what we must manage and do well, in a society we as beunas Perimeor people we must have things very clear, so as not to spend money, and secondly to fully comply with the business that is being carried out, it is very easy to spend the profits of any business, but it is very difficult to maintain a business, usually for Although a business with good money has to establish goals, and due to the demand for an ROI, it is almost always true that in the first 3 years you do not see any profits, until later.

So we decided that all of his friends and relatives just give him money so he can start his own business and encourage him to just focus on his new store and not go back to gambling to recover his losses it would be bad for his health if he pressure himself to go back to gambling full time.
A common friend will accompany him in case he wants to bet on horse racing and monitor him so he will not bet excessively to the point of using money coming from his little business, with this I'm locking this thread