~snip~
Taking out a loan to gamble is a very bad idea, and I’d even say it’s a dead end, since it’s clear that gamblers will always lose in the long run because of the house edge. Sure, some lucky person might get lucky once and hit the jackpot right away, allowing them to pay off the loan, but that’s more of an exception.
Indeed as that can makes them in trouble. If they lose in gambling, they will difficult repaying the loan. It is clear that gamblers will lose in the long run so no need to gamble using loan money. We must realize and never do something that can makes us in trouble. We may get our lucky someday so no need in a hurry to chase the wins. If they wins in gambling using loan money, that is their luck but don't repeat the process as we will not always guarantee to win.
~snip~
True, I know a person who happened to borrow money from a friend, the friend had no idea that this person would gamble the money, so he lent him the requested amount. At the end, the person who lent him the money heard he lost them all to gambling so this person become cautious from then on rejects his request whenever he borrowed money until he paid what he borrowed last time.
Sometime gamblers can lie to those who wants to gives the money. But they use it to gamble with the hope they can wins much money and repay the loan. It is better we selective to lend the money so we will not give the money to the wrong person.
~snip~
Yeah, after that incident, I realized that if I lost that time, I could be in a bad financial situation because I might have lost the money and would have to pay the loan and interest.
You should not do that again so you can avoids the trouble. You will not know when you win and lose but the chance to lose will be bigger than the win.
