Worst Day of My LIFE - Dice

[pleasureteam]

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

[Golftech]

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

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

[janggernaut]

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

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

Even the billionaires of this world cannot claim to have spare money. There is nothing like spare money as far as it is hard earned one. People who are involved in smuggling and stuff or get big balances from their adults can never understand how it is really to make money with efforts. The amount used in playing games should be little ones so that when lost, they do not hurt the player financially.

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

[lienfaye]

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

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

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

[akmal1984]

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

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

[swogerino]

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

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

Even the billionaires of this world cannot claim to have spare money. There is nothing like spare money as far as it is hard earned one. People who are involved in smuggling and stuff or get big balances from their adults can never understand how it is really to make money with efforts. The amount used in playing games should be little ones so that when lost, they do not hurt the player financially.

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

[Ucy]

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

[Landak]

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

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

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

[michellee]

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

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

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

[janggernaut]

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

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

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

I guess your friend should have asked you what you want to use the money for with proofs.

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

[Questat]

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

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

[South Park]

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

yes this is gambling, if from borrowing money to play it will have a greater burden to win, emotions can not be controlled and finally as like digging your own grave.

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

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

[deisik]

Are you new to gambling or something?
It's beyond me why anyone would borrow to gamble or invest in something they don't  understand well. Could this be greed or addiction? I doubt it's addiction

The whole idea looks stillborn to me

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

[Hypnosis00]

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

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

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

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

[Capt00]

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

[TIDOVEE]

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

[LogitechMouse]

~snip

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

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

[wildan88]

~snip

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

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

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

[Betwrong]

Borrowed $1600 from my friend. Apart from this placed gold as collateral and got $250. ~

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

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


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

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

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

[Fundamentals Of]

Borrowed $1600 from my friend. Apart from this placed gold as collateral and got $250. ~

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

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


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

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

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

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