Will you borrow money as your bankroll if you trust your skills in gambling?

[Maslate]

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.
For this purpose, I like to use the money that I will borrow as the bankroll in sports gambling.

Anyone here have tried this? What can you recommend?

[alani123]

This is never a good idea.
Gambling is always set in favor of the house/bookmaker and borrowing money just to put it on a wager not only increases potential losses, but can even result in financial ruin and bankruptcy as you end up losing more than just cash.

I wouldn't even do it  if the betting was on a 1v1 match and I was the player. Just too many things that can go wrong for such a risk.

[criza]

I think it would impose a great risk for you and to the money that they would be lending to you because, the reward would not overcome the risk in using debt for gambling. It is like you are facing a doubled risk: risk from not being able to pay for your debt and the risk of losing it all from gambling. I would advise to keep your bet to a minimum so you would not need to borrow from others. It is better to gamble with clear mindset and at ease before taking such risk.

[peter0425]

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.
For this purpose, I like to use the money that I will borrow as the bankroll in sports gambling.

Anyone here have tried this? What can you recommend?

if you really trust your skills in this Type of gambling then Better "Use your own money to do that" because at least if you lose theres no one that will be disturb but you right?

what if you lose and suddenly he needed the money?you will be having a bad day paying him while you can do it yourself without giving trouble to others?

[Ucy]

Well, it depends on people. I am not good at borrowing money (especially outside of my family) whether I am sure of making profit or not.
 I will probably lend though, if you are truely very skilled in the game, and not taking big risk. I don't think it's a good idea to lend to people who are not sure of "winning".

[swogerino]

I think that if you are just experimenting and the lenders don’t expect the money back if the experiment fails go ahead and do what you like.

If it is not like that and they want their money back no matter what happens to the experiment you need to be really careful as you can’t trust your skills in games where luck is predominating factor.No one has really been able to come back from lost money with borrowed money.The majority of the ones who have done so have ended badly.

[GreatArkansas]

For me, it is extremely risky; using your own money or other's money in gambling doesn't change at all but only more on emotional part since you are using other people's money, overall it doesn't matter at all. The risks are still there.
If you totally rely on skills on gambling, your borrowed money still will be useless and it will just lead it on loss.
Borrowing money for gambling, a very big no for me.

[casperBGD]

would never do it, gambling is not a way to earn money, it should be considered for fun only and to improve your experience when watching sport or other interesting topics, never with borrowed money, risk is too high, and winnings are scarce..

[Pmalek]

I wouldn't do that. If you are a skilled gambler why do you need to borrow money? You should already have enough for your experiment if you are as skilled as you say. If you don't have the money, how can you call yourself an expert in gambling? Based on what previous results are you good at it?

[BlackFor3st]

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.
For this purpose, I like to use the money that I will borrow as the bankroll in sports gambling.

Anyone here have tried this? What can you recommend?

If your gambling skills is topnotch like it has a 90-100% of success rate then it is not a problem to borrow a money as your capital because your rate is success rate is very high.

But if you are not that confident with your skills like it fall below 80% of success rate then that move is pretty risky and it is advisable only for risky gamblers. But for me, borrowing money just to gamble is not a good idea because it will only lead you to addiction which is not good.

[KTChampions]

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.
For this purpose, I like to use the money that I will borrow as the bankroll in sports gambling.

Anyone here have tried this? What can you recommend?

A very bad idea. There is no skill in gambling. You can manage a bank well, but you cannot control or manage your luck, so playing for other people's money is an unacceptable step. Try playing at small bets. If you are confident in your skills, then gradually you will be able to rise to high bets by yourself.

[Astvile]

That is the most terrible decision you'll ever make as a gambler. Using money that came from lending or by all means as long as the money isn't yours you should not gamble it. Having a big bankroll doesn't mean that you will always win, sometimes lose will hit you bigger with a bigger bankroll. Even a professional gambler I think will never do that just because of the risk you are going in with gambling using lend money from other people/companies.

[imstillthebest]

why not ? if you are confident of your skills on gambling then why not try what your planning  . its your friend anyway and he said that he are verry willing  . if you cant paid , i have a sense that he will wont scolded you  or hated you  but dont do this to other people that you dont really know because you can be on big trouble if ever you cant pay  . never tried gambling with loaned money but i do loan money for other purposes  and sometimes i gamble some and win some and then i pay my loans on time  .

[DabsPoorVersion]

This is something that you should never try to do.

Borrowing money just to use as your bankroll in sports gambling will never be a good idea. It is not about trusting your skills or not, it is about thinking of possible things to happen to your gambling. Luck will never be on your side, if you lost that money you borrow, the circumstances you have to pay for that money will be problematic on your side.

[2double0]

Can you tell us the reasons why they are willing to lend you only when they can do 'whatever they want to do' with their money? If that is the catch that they are doing it because they have seen you winning constantly in sports betting, then it still poses a lot of risks here and you should not consider borrowing anything from your friends for your own good. Have you thought that if you lose their money, not only will you lose your friends but their trust as well as your credit in your local network which can destroy the chances of getting a loan for some personal use in the future because you will be tagged as 'an addicted gambler' so no one will consider lending you.

[ethereumhunter]

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.
For this purpose, I like to use the money that I will borrow as the bankroll in sports gambling.

Anyone here have tried this? What can you recommend?

No. I don't want to borrow money from other people even if I have skills for playing gambling because I don't know if I can win or not. Gambling games need luck, and if I don't have luck and only have skills, it still difficult to win. But it is up to you, and if you are very sure with your skills and you are sure you can win in sports gambling, then you can borrow the money and try to place the bet. Just remember, you should stop playing gambling if you can win the games and leave the place as soon as possible.

[jhonjhon]

You can if you really want to and if you think you are an expert but in my opinion, no matter how good you are at gambling it is still not a guarantee of sure win most especially if you're near the house edge already. I know people who are very confident when it comes to gambling because they think they can beat the house edge and they risk their life saving for it but unfortunately they've lost in the end. If you want to gamble so bad only spend the amount that you think you can afford to pay and lose because gambling can be addictive and if you will let your emotions control you then it will lead you nowhere.

[Zeke_23]

why not ? if you are confident of your skills on gambling then why not try what your planning  . its your friend anyway and he said that he are verry willing  . if you cant paid , i have a sense that he will wont scolded you  or hated you  but dont do this to other people that you dont really know because you can be on big trouble if ever you cant pay  . never tried gambling with loaned money but i do loan money for other purposes  and sometimes i gamble some and win some and then i pay my loans on time  .

I disagree with you,
The fact that he is thinking to use the money he was about to borrow to gamble is not a good idea, it is like you are asking someone to get you in a situation you can't easily escape with. Even if OP's friend is willing to lend him money, gambling is not a better choice.

[Viscore]

Just like starting a business, maybe you can start small and grow that amount so you can really tell if you are profitable or not, but in business also we borrow money to expand, so it's really up to you if you are willing to take that risk, but make sure you really have the skills and you have proven it.

for now, it does not cross in my mind.

[stomachgrowls]

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.
For this purpose, I like to use the money that I will borrow as the bankroll in sports gambling.

Anyone here have tried this? What can you recommend?

Its all up to you on where you do want to spend that loaned money as long you do know or responsible enough on repaying it when the due date comes.

No one would stop you for it to be used in gambling but if you are aiming to play because you do think that you can repay with gambling winnings then better stop
because you will surely mess up things in the end of the day.

Gambling is never been a solid option for you to take when it comes to debt solution.Instead on resolving things up it will worsen up the situation and thats
a very stressful thing for any person.