taking out a loan for a sports bet

[Yogee]

recently I've come across some information for an upcoming soccer match and I'd like to place a big bet of 50-100k,

Sounds like you got some kind of an insider or match fixing information that's why you're willing to bet an amount outside of your normal range. Did a friend of yours invited you into this? You can still make use of that info but I suggest you stay with the usual amount you bet. Less stress if it turns out to be wrong and still a profit if it turns out correct.

[Boristhecat]

recently I've come across some information for an upcoming soccer match and I'd like to place a big bet of 50-100k, how easy would it be for me to take out a loan and how long would it take? has anyone else done something like this?

feel free to message me or comment below 

There is nothing more stupid than borrowing, even if only to bet on match-fixing. Firstly, you cannot be sure of the accuracy of your information, secondly, even a match-fixing may, for various reasons, end with an unexpected result, and thirdly, you can risk (and this is clearly a risky business) only with your own money. And by the way, a large bet size attracts the attention of bookmakers, so the more money you bet, the greater the chance that the result of the game will be canceled and all bets will be returned.

[Jody.Drummer]

I wouldn't do that, any bet on any loan would obviously have a buildup of debt that destroys everything. I don't know what you think when you take out a loan to fulfill your bet so you are sure to win? What if the loan yield gets bigger when you continue to lose money?

If you want to bet why not use personal money? If you can't get enough of big bets, why not just use small money to bet? If this is weighing you down, I suggest you stop thinking that borrowing for bets is not a gambler's solution.

[joeperry]

This is only my personal opinion about this. I think taking a loan so just you can just place bet is very risky not unless you are 100% sure that the match on where you are going to place bet is going to win, just imagine taking a loan around 50k-100k and you lose. You are going to pay those loan plus the interest.

But if you have spare money that you can afford to lose, even how big or small it is I think that it is worth trying your luck but taking a loan, is a big no for me.

[ethereumhunter]

Others are saying it depends but despite any dependency and chances of any possibility, I'd say that just don't do it. You'll regret it if you lose and if you win then you're lucky.
But just don't do it if it's not your money, that's the basic rule that one can take into his mind whether it's trading or gambling. Just use your own money for any of those sakes but if it's not yours and you're coming to that point, you'll see the negative effect of it if things didn't go according to what you've planned and the fate isn't with you.

There will only be two possibilities that we will get from gambling, namely winning and losing and if we are lucky, we will win, regardless of how much money we win. But before starting gambling, we should think about how much money we will use to gamble and never cross the limits that we have set. No one recommends borrowing money from anyone because it will burden us, especially if we lose. After all, we have to return our borrowed money. It would be better to use the money we have because we will not have the burden of returning the borrowed money.

[Oasisman]

recently I've come across some information for an upcoming soccer match and I'd like to place a big bet of 50-100k, how easy would it be for me to take out a loan and how long would it take? has anyone else done something like this?

feel free to message me or comment below 

Man, i have never experienced taking out loan to use it to bet. That amount is quite huge, the timeframe to complete the loan depends on where you take out the loan.
Say for example, you apply for a loan in your local bank, that for sure will consume 2-3 business days for that amount to complete their customer intelligence background check.

However, taking out loan to use it for gambling is not advisable, but still that depends on your risk appetite. It's not easy paying out loans which the money lost in a snap of a finger.

[swogerino]

Taking out a loan for gambling,whatever the case it is,for me it is never recommended.If you know some good information like you are saying bet with the amount you already have and whatever the outcome of this game you won't risk to get into debt.There is nothing sure in sport betting even when someone promises you information about a certain event.For me any time I took loans to gamble it ended in the worst possible way,losing all that money and accumulating more debt overall.

In normal conditions in an European bank to get that amount if you are decided and convinced to do so it will take a minimum of 2 to 5 days for the bank to grant you the loan.

[Bitinity]

recently I've come across some information for an upcoming soccer match and I'd like to place a big bet of 50-100k, how easy would it be for me to take out a loan and how long would it take? has anyone else done something like this?

feel free to message me or comment below 

No one will lend you that much if you have no collateral worth more than what you are looking for. No one will even agree with your plan to get a loan for gambling purpose. If you dont have much money, bet with the money you have in your own wallet only. I have no idea why you have such crazy plan, even if you are so sure that you will win the bet but it is not wise to gamble with loan money.

[AmoreJaz]

recently I've come across some information for an upcoming soccer match and I'd like to place a big bet of 50-100k, how easy would it be for me to take out a loan and how long would it take? has anyone else done something like this?

feel free to message me or comment below 

No one will lend you that much if you have no collateral worth more than what you are looking for. No one will even agree with your plan to get a loan for gambling purpose. If you dont have much money, bet with the money you have in your own wallet only. I have no idea why you have such crazy plan, even if you are so sure that you will win the bet but it is not wise to gamble with loan money.

here in the forum, i don't think someone will loan you that amount of money, let alone, it is for betting or gambling. maybe, there is a chance to get a loan but yes, you should have collateral or something to offer in return. even if you say your tipster is a very credible one. you can never say you are 100% sure with the outcome, up until the game is over.
so yeah, better be happy to bet what you have, don't aim too high, because you may fall hard. or if you badly want to bet big, take a loan from your bank or any close family or friend. let us see how fast you can get that money and how long you can get them paid in full.

[acroman08]

recently I've come across some information for an upcoming soccer match and I'd like to place a big bet of 50-100k, how easy would it be for me to take out a loan and how long would it take? has anyone else done something like this?

feel free to message me or comment below 

"come across some information for an upcoming match"? are you saying that the upcoming match you are talking about will be rigged? if so, are you 100% certain that the information you have come across with is reliable? taking a loan to gamble is probable one of the stupidest things to do. also, as far as I know, banks do not give loans very easily. If I were you I would only gamble the money I have and can afford to lose even if the information I got regarding the match is 100% reliable.

[Smartprofit]

recently I've come across some information for an upcoming soccer match and I'd like to place a big bet of 50-100k, how easy would it be for me to take out a loan and how long would it take? has anyone else done something like this?

feel free to message me or comment below 

If you come to the bank and ask for a loan, referring to the fact that you plan to gamble, they will refuse you. 

You can get a loan from a bank for business purposes, but not for gambling.  At the same time, you can take out a consumer loan or apply for a credit card. 

However, this is very risky. 

If you do not have insider information, then your sports betting can lead to loss and loss of money. 

How will you repay the loan (with interest)? 

In addition, in many countries, the use of insider information when betting on sports is prohibited by law.

[Gosgosking]

Taking a loan to bet for sport bet is very risky, because their is no guarantee that one can win the game. But if a loan should be taken to bet and it is very sure that money will be coming from another source to pay for the loan, I can still take loan to play bet. If their no assurance of money coming from any source, I can't think of taking loan for bet.

[mirakal]

So you are saying you will take a loan here?

I think it's impossible to take that big amount of money, it's better to take a loan from the bank and show your collateral. Loans services here do not offer huge loan, just a small amount of money but it also depends on the reputation of the users, as for you, you need to earn your reputation first.

[Sirait]

recently I've come across some information for an upcoming soccer match and I'd like to place a big bet of 50-100k, how easy would it be for me to take out a loan and how long would it take? has anyone else done something like this?

feel free to message me or comment below 

if you do this (take a loan for betting) then you are doing something very risky. Even though I was given the opportunity to take a loan, I would not spend that money on betting. I better invest the money and I split the profits into several parts (60% to pay off debt repayments and the rest to gamble and meet other needs).

[Oshosondy]

recently I've come across some information for an upcoming soccer match and I'd like to place a big bet of 50-100k, how easy would it be for me to take out a loan and how long would it take? has anyone else done something like this?

If I should feel free to leave a comment, my opinion is that it is stupidity to borrow such high loan for bet, if you are able to borrow that large amount of money, definitely you are not a poor person because you will need a collateral to borrow such high amount of money, which also means you are earning good amount of money. Leave this, just use the small amount you can use to gamble than having a time of regret in the future that you should not have borrowed to gamble.

[TheGreatPython]

recently I've come across some information for an upcoming soccer match and I'd like to place a big bet of 50-100k, how easy would it be for me to take out a loan and how long would it take? has anyone else done something like this?

How sure you are that the info are accurate? But, the loan amount is too big and usually it can take some time for it to be processed but if you are close to the people that processed loans they might speed it up. Just tell them that you are in a hurry but don't tell them that you are doing this only for the sake of betting because that can disappointment someone else.

I never did such thing, because for me it is only an additional headache as gambling is very risky. Also if I won, there is no guarantee that I can pay the loan immediately since it wasn't their deadline yet and worst thing that could happen is I will just use the money before the repaying date comes.

[Yamifoud]

Is that information reliable? If it's a 100% sure win, then you are at no risk of borrowing money, you can even make your property as collateral as you are sure you'll be able to pay that loan after the bets get graded. However,  think of the risk also, if you lose your bet, you'll regret your action for sure.

Thing is, gambling is supposed to be treated as a fun activity, so taking loans is not necessary anymore.

[bitbollo]

If you have not any collateral you will not receive such high amount . clearly impossible.
without collateral, you can receive some amounts from your bank, but unless you're earning a BIG wage or you have a business it's clearly impossible that they provide such amount with a low interest rate ...

but the general question should be....
it really worth such risk?
if this is a rigged match sportsbook can decide to not pay a penny and freeze your money!
if this is not a rigged match you risk a lot of money for a 90 minutes play... an amount that normally you can buy a small house... it means a debit that you will pay for 30 years.

[Jawhead999]

Even some businessman said taking out a loan for a business, investment or trading can be considered as a good way, but I've always told taking a loan is really bad even you've calculated it before. The thing is there's no guarantee your analysis will work 100%, you can't predict the future. Now you're taking out a loan for gambling? you're really stupid or an addict, it's better for you to limit your gambling activities.

[madnessteat]

~snip~

In my opinion, this is the most irresponsible idea I've encountered on bitcointalk. Allowing yourself to take such a huge amount of money on credit and bet it on one single match is just stupid.

If you couldn't make that kind of money up to that point, why would you think you could pay it back if you lost it? After all, any plans can fail and you should always have a backup.