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Author Topic: taking out a loan for a sports bet  (Read 5280 times)
NAPK1NS_RA3 (OP)
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June 04, 2022, 09:01:34 PM
 #1

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  Smiley
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June 04, 2022, 09:24:02 PM
 #2

Taking loans will always depend on your credibility and if we are talking Dollars here, you might not get that loan easily especially with the banks, it will require a lot of paper documents before they issue that money, and if here in the forum you still need to get a good trust.

I will not take such risk of betting using a borrowed money, because that is too risky and if you bet carelessly you might lose that money in an instant so be careful.
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June 04, 2022, 09:26:10 PM
 #3

Depends..

When you are tending to take a loan from a bank then expect;
1. Source of income
2. Assets
3. Basic documentation
4. Co-maker/guarantor
5. Credit evaluation

The said loan amount above isnt something that too small so expect it would be not easy
to comply on what would be potentially ask.

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June 04, 2022, 09:27:35 PM
 #4

Nah, I wouldn't dare to go that far and take a loan to put everything in sports betting. It's not a guarantee that your team will win. What if they losses? what's your plan on how to pay those loans? So it's very risky so I don't like the sound of it.

And those information that you get about those soccers, not sure how you can call it reliable. Maybe they are, but still, there are no assurance.

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June 04, 2022, 10:00:07 PM
 #5

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  Smiley

I will not suggest taking a loan for gambling, even if you see a good winning percentage, there's still such a thing as getting busted because of an upset, only you can answer if you can take a loan easily how good is your credit loan and your friends are all willing to give you a loan based on your record, but I doubt if they are going to give you a loan just to place a bet, even a bank will not give you a loan if you're going to use to gamble.
I have not done it and I don't think I will do it, even if there's insider info, the risk is just too high.

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June 04, 2022, 10:07:56 PM
 #6

when i read the title i expected it to be something like a joke, but reading the thread i realized that you are really thinking and such madness. My opinion: never borrow for gambling, never borrow. this is the riskiest thing you should ever do, think: when you make a loan you have interest and a long period to pay off the loan. when you take money for gambling, the person must get into his head that from the moment he gambles that money is lost, the purpose is always for bookmakers to win, that's why it's a big mistake to borrow to gamble, don't look casinos as a guaranteed source of income, neither in the short nor in the long term. I hope you give up on this idea of making a loan for gambling and be very careful because the moment the person starts to think about this possibility then the person may already be addicted to gambling

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June 04, 2022, 10:12:57 PM
 #7

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  Smiley

The unspoken rule in gambling is that never use a loan to fund your entertainment or bets. This would only cause the person to continue betting and borrowing money until he/she has satisfied his bet. But given the nature of gambling being highly unpredictable, this would only result to your loans getting higher and higher overtime.

Given the nature of your account, I'd say that it would be nearly impossible for you to loan money without having any collateral in exchange. Sometimes, forum ranks are given basis in order for your request to be granted. Given that you are relatively new in this space and you are already thinking of acquiring some loans to fund the most unpredictable nature of such purpose, then I highly doubt someone would provide and fund you.
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June 04, 2022, 10:17:28 PM
 #8

Nah, I wouldn't dare to go that far and take a loan to put everything in sports betting. It's not a guarantee that your team will win. What if they losses? what's your plan on how to pay those loans? So it's very risky so I don't like the sound of it.

And those information that you get about those soccers, not sure how you can call it reliable. Maybe they are, but still, there are no assurance.
Even myself wouldnt tend to do such thing on loaning hundreds of thousands just for you to gamble out.If it turns out to be good then that you would be giving significant profits or wins but if not then
you would be suffering on repaying those loans for a long time thats why you should think twice or thrice before considering on getting one and just like on what been said by other
people above about the requirements on getting such loan then it would really be asking out for some collateral which is more than on the amount that you are planning to borrow.
Sports betting is strategic but we know that its still gambling which does really require some luck.

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June 04, 2022, 10:22:55 PM
 #9

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?

You will never know until you placed your bet. Is that information you are talking about even genuine and true in the first place or it just makes you feel desperate thinking that prediction can really happen? Soccer is not easy to predict. Even if you have information about the inside jobs, it's hard to execute those rigged games in the live match and much, especially if the league was reputable.

Don't expect easy money. No such thing exists in any type of gambling.
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June 04, 2022, 10:36:12 PM
 #10

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  Smiley
This will I'll never do.

Even if I've got an information and there's an insider, you'll never be sure with the source of that information you've heard. Well, this is you and it's your idea and you should have a good record if you're going to take a loan from someone or even in the banks and any financing institution.

It's better to don't use loaned money for your bets. If you lose, what's next? You'll blame yourself or that source you've got because you're too confident of betting with such amounts and you have to pay that loan with interest. Think again OP!

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June 04, 2022, 10:41:39 PM
Last edit: June 04, 2022, 10:57:09 PM by coin-investor
 #11

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  Smiley

Only you can answer if it's about a loan if you don't have an existing loan with a good business and a clean record you can get a loan just don't or never mention that you're going to use it to bet or gamble, you will be turned down right away, I don't know what kind of information you've got, but you know there's such a thing as fake information and you'll going to get yourself in big trouble, if it turns out to be fake information, my advice to you is don't do it, or you'll going to regret it.  

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June 04, 2022, 10:47:16 PM
 #12

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  Smiley
That is too risky mate. You don't hold any assurance that your bet will definitely win, or if someone has assured you, i don't think he'll still be responsible once you lose that huge amount. Think a hundred times. You can bet but make sure to put only money that you can afford to lose. Taking loans either for investment or gambling may only make you face into future troubles once they did not turn well. Once you lose, you will surely struggle how to pay it back, even its monthly interest is still very big so i wouldn't let it happen to me in case.

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June 04, 2022, 10:55:47 PM
 #13

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  Smiley

Taking a loan to bet is simply not a good thing to do, but it's more terrible that you're willing take such risk based on some information which definitely might not be true (most likely not going to turn out well).

Having to take a loan to place a bet also indicates that you can't afford to lose to the money doesn't matter if you're expecting some money from salary/someone or whatnot, and the first ethical rule of gambling is, only bet with what you can afford to lose.

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June 04, 2022, 11:39:23 PM
 #14

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?

Don't mind that information or special tip you have there but instead, ask yourself if you can able to pay that kind of amount in the event of a loss?

You should have Plan A, Plan B, and Plan C for unexpected results and not just you are really sure about your bet. Personally, I will never create a problem over a problem. Testing the waters is good but taking risks isn't an easy decision that you will just take.

And prior to that betting, do you even qualify for that loan amount?

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virasog
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June 04, 2022, 11:42:38 PM
 #15

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  Smiley

Taking a loan to do betting is not a good idea. You are taking a loan because you do not possess that amount to bet. Now if you lose that bet, you will still have to repay that loan. How will you repay when you have no money,  Shocked
I have seen people going into depression and doing illegal things only to repay their debts. Do not be over optimistic that you will win the bet and that everything will be good. Things could turn out in the opposite direction as well.

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June 05, 2022, 12:35:57 AM
 #16

I will echo the sentiments here, maybe a loan of $100 might be something that a gambler can take. But $100k? damn, that's too big a money to gamble and take the risk. And it's either you go to the bank or a loan shark, still the big question is what if didn't turn out to be as plan? It can totally ruin you unless you have something to pay or have a big collateral. This is the worst idea in gambling. As what we have said here, just gamble what you can afford to lose.

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June 05, 2022, 12:42:45 AM
 #17

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  Smiley


It's ok if you are financially stable and can cover the loan payment once your bet is loss. The money you are planning to risk is too huge for a loan just for placing bets.

I know some players taking out loan for sports betting purposes but the amount is just small and they have fixed income to cover the payemnent if ever there bet lose. Assess first if the risk is worth it or you are just purely gambling because you will suffer huge debt plus loan interest if your bet lose.

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June 05, 2022, 02:40:42 AM
 #18

Taking a loan is easy if you have a valid collateral and full information about your identity, that's what banks demand when you want to taking a loan. You could get a loan from online loan, the requirement is very easy and you will be credited quickly, but the bad thing is they could scam you or high interest. I have never taking a loan for betting, because my gambling rule is use the amount that you can afford to lose.

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June 05, 2022, 02:52:43 AM
 #19


Its not easy to take a loan that big. A loving father will not even give you that amount when they feel like they don't see how you can repay it. Either you will present then a business proposal convincing enough or a collateral twice the value of the loan.

How sure are you going to win this soccer match? If you have the inside information of this  fix match, maybe you can sell some of you asset and buy it back after.

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June 05, 2022, 03:08:26 AM
 #20

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  Smiley


It's ok if you are financially stable and can cover the loan payment once your bet is loss. The money you are planning to risk is too huge for a loan just for placing bets.

I know some players taking out loan for sports betting purposes but the amount is just small and they have fixed income to cover the payemnent if ever there bet lose. Assess first if the risk is worth it or you are just purely gambling because you will suffer huge debt plus loan interest if your bet lose.

On the contrary, if you are financially stable then why you have to take a loan just to gamble? doesn't make sense? maybe he doesn't want to used his money to gamble though? But still that seems to be illogical.

Yes, I would agree, it depends on the amount of loan to gamble. And everyone here should know there's limits and so they will know how much money they can take out as loan.

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