taking out a loan for a sports bet

[rhomelmabini]

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?

I think there might be that it happened in the past but for sure that was too risky for a move to loan just for the sake of betting, it's a ridiculous thing. It's still a gamble and you will never know the outcome unless you're really that ready to loan and if you lost you're ready for the consequences. If you can pay the loan and can fathom the risks, then it's your own gut that will be followed.

[iv4n]

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?

A recipe for disaster! Take a $50k to $100k loan to bet on a soccer match! I guess even if you win that bet and make some money, the next time you will go for over a $100k loan, just because you think it's so easy to make money...

As always, don't take loans for stupid things! And taking a huge loan to bet on soccer is more than stupid in my opinion! Taking loans for gambling will just get you in trouble, sooner or later!

[madnessteat]

^

In my opinion, the problems will start as soon as TS takes a loan for such ridiculous purposes. I would advise him to urgently reconsider his attitude to money and risk and educate himself, because I think that only an uneducated person would come up with an idea that could instantly ruin his life if his bet loses. Gambling with credit money is an attempt to risk your freedom. I don't understand that at all.

[YuginKadoya]

A recipe for disaster! Take a $50k to $100k loan to bet on a soccer match! I guess even if you win that bet and make some money, the next time you will go for over a $100k loan, just because you think it's so easy to make money...

As always, don't take loans for stupid things! And taking a huge loan to bet on soccer is more than stupid in my opinion! Taking loans for gambling will just get you in trouble, sooner or later!

Well, it will always be TS's decision if he wants to take a loan for gambling then get one, but it will always be his responsibility to pay up the loan in due time, even if he wins or lost in betting soccer it is always good to pay up your loan because that could get ugly in his part, his credibility is at stake he can never get a loan in some other platform if he could have a record if he will be needing money for an emergency,

But yes it is stupidity to make loans for a gambling match that has a huge risk involved, I think there could be some people that are very lucky to make loans and win a bet but that is by an actual chance only, so yes my advise is do not take loans for gambling,

^

In my opinion, the problems will start as soon as TS takes a loan for such ridiculous purposes. I would advise him to urgently reconsider his attitude to money and risk and educate himself, because I think that only an uneducated person would come up with an idea that could instantly ruin his life if his bet loses. Gambling with credit money is an attempt to risk your freedom. I don't understand that at all.

Well, unfortunately, I have seen Educated people ruining their life because of gambling, mostly loaning big money and then using it on gambling I think it is not because you are educated you can have the right mind to decide whether that thing is good or bad, sometimes people become desperate enough in taking loans then decided to use it for gambling, it is not because of what diploma you have attained, or what school or universities, you graduated, none of it matters when you are desperate, I think the right question is why people become desperate, or what triggers a person to do such things,

[madnessteat]

^

We do not see in TS's words despair. Rather, we see a desire for easy money, but an educated person understands that the possibility of getting easy money through credit is associated with very high risks. Therefore, an educated person is more likely to decide not to participate in this kind of event.

In addition, desperation is not a feeling that a person should trust. Despair is more likely to lead to more problems because it clouds the sober mind and allows emotions to control a person.

[ethereumhunter]

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 

You are taking big risk because it's never advisable to take loans for betting as you could loose the bet but still have to repay the loan amount along with the interest.In your case you are saying of having 50-100k loan which is not easy to be passed but depends on your credit score or have you taken any past loan and how would you repay the loan amount.But this for sports bet is not favourable according to me rest you have lot of options from members above.

If he takes a loan, we just hope he can manage the loan money wisely and not use it to play bets. He will get a big risk if he uses the money for betting because there is no guarantee of winning it. If he had lots and lots of valid information, he might have a chance to win but it would all come back to his luck. Many people who have loans find it difficult to repay the loan money, especially those who do not have an income every month. So he has borrowed money or if he wants to borrow money from someone else, he should think twice before deciding.

[masulum]

If he takes a loan, we just hope he can manage the loan money wisely and not use it to play bets. He will get a big risk if he uses the money for betting because there is no guarantee of winning it. If he had lots and lots of valid information, he might have a chance to win but it would all come back to his luck. Many people who have loans find it difficult to repay the loan money, especially those who do not have an income every month. So he has borrowed money or if he wants to borrow money from someone else, he should think twice before deciding.

Exactly, borrowing money to gamble will only add a problem for our life, it would be nice if he win after betting $50K (example), but how if we are lose? Is there money to recover when we have to pay bills. I myself do not dare to do something like this. I'd rather use free money than borrowed money just to bet, since I already doing this long time ago, and I lose. Moreover, even though the team on paper will definitely win, there are always surprises in the match. Sometimes, when we are too confident, and bet All In, the result is just going opposite. However, back to the OP, if he feels he can pay if he loses, he will take the risk.

[Boristhecat]

Given the history of the OP's messages, it can be assumed that he either invents a lot or has big problems with gambling addiction - also because he was a successful better in the past. One way or another, borrowing money to bet on a supposedly fixed game, in my opinion, is the most unprofitable decision. By the way, it is possible that the one who gave him information about the upcoming game (allegedly fixed) just deceived him.

[KTChampions]

Hmmm... https://bitcointalk.org/index.php?action=profile;threads;u=1042486;sa=showPosts

Guys, don't you think this is strange? A better who boasts about the fact that he won 550 thousand dollars in a month at bets is talking about borrowing 50-100 thousand? This calls into question all his previous stories.

I don’t know what is the point of creating such freaky topics (he used to at least advertise his telegram channel), but I would be suspicious of his messages.

Maybe he lost all of those 550k and then tending to borrow 50k again to cope up with the losses? What you think? In overall its not really that a good idea
to take up some loan just for you to gamble out unless if you could be sure on able to repay those amount in the right time but if not then its not really that ideal on taking such step.
We know that sports betting do have better chance on winning than playing with luck based but we know its still gambling. 50% chance on losing your bet thats why
its not recommendable unless if those amounts is something that you can afford to lose.

It seems to me that if you earned 550 thousand dollars in one month, then you are unlikely to lose all the money because you have to set aside a part as a "fireproof" amount. In general, now I just do not believe in the stories that the OP tells, maybe he will provide some evidence later, but until then I will be extremely skeptical about them.

[Zlantann]

Taking a loan for a sports bet is extremely risky except you have a very reliable proof that you would win. I even doubt if there are anything called reliable guarantee that a game or number would play. Loans a better used for investment and not for try your luck scheme like gambling. The best advice is that you play with what you have so that when you loose you can be able to bear the loss. If you loose the money you borrowed, it might lead to depression and other health challenges.  

[Jody.Drummer]

In this case it all comes back to what you want but obviously this is something that has risks and I can say this is tantamount to burying yourself.
Borrowing money just to bet is not wrong but in this case the result is most likely 50:50 even smaller than that for the win ratio because it is clear that losing is a big one in sportsbet betting though.
For personal money, maybe I will not forbid things like this provided you are able and ready to lose that much money, but with a loan, you have already lost that much money, you will also be chased and demanded to return then this is definitely not worth it.

[fiulpro]

I just read LOAN + BET in the same sentence?

NO !!
Never take loans for a bet, trying to place your money in luck by chance senario and losing it would be your biggest mistake, it shows that you do not have money for the bet it to loose those much amount therefore you must understand that you don't want to be in a debt if this goes wrong.

I have never done it and would never do it as well!! It's not healthy gambling if it's not responsible.

[Rruchi man]

has anyone else done something like this?

People have definitely done things like this and nine out of ten, if not all the time, regret making such an unwise decision. This is almost same as deciding to borrow money to trade.

I'm not eliminating the possibility of fixed sports bet games, but If you come across a fixed game, you may still try it...but the best advice is take such a risk with your own money! why borrow money that someone may want to use for something important and then you borrow it with the intention of wanting to gamble with it on some so called fixed games, this is an abuse of relationship to me. If you must borrow money, borrow for very important cases and use, not to gamble...it reeks of irresponsibility.

[dothebeats]

Banks would be very happy to cater your request if your finances are somewhat established and you have something in your possession that can work out as a collateral to your loan. If you're certain your bet is going to win, go for it, but alway remember that most of the time, loans that are used in gambling go bust, and the borrower ends up being broke and depressed, looking for ways to repain the said loaned amount. That should already deter you from executing your plan, but it's still your decision anywa.

[TheGreatPython]

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.

It was only a sportsbet anyway and he can have an extra chance of winning than he will be using the money in a game of luck or in casino games plus he have some info's with him that can surely help him to secure the win. Most of us have jobs to live, so the guy also has one. He can use his salary to pay for the loans.

On some jobs there are benefits and he can take an early loan from those benefits. He can also use that money to pay for his other loans. There is no person that will take a loan if he know's that he doesn't have any source of income to pay it because he will be in trouble or there is no way that he will be allowed to take the loan.

[Vaskiy]

In a third world country a common person who leads his life out of daily wage won't make this money in his lifetime. Taking such a huge money as loan for the purpose of gambling is unwanted. We don't know the outcome, if the bet wins, it is fine and if things take place in the opposite way entire life gets disturbed.

There is difference in making bets with own money beyond our life needs and money taken as loan for the purpose of betting. I've experienced it in real life and so I suggest no to do it. Here's the story of me taking a loan and ending with debts Be A Responsible Gambler

[mitchr4]

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 

Do not believe it could be that the information is not 100% true. Taking a loan to play gambling is not recommended, it is very risky. Try to think for a moment about what might happen in the future if you lose at gambling. You owe the bank and lose your collateral.

However, the bank will not give you a loan for the reason of gambling football. Without a clear reason of course the bank will refuse it and also you must have collateral.

[agustina2]

Do not believe it could be that the information is not 100% true. Taking a loan to play gambling is not recommended, it is very risky. Try to think for a moment about what might happen in the future if you lose at gambling. You owe the bank and lose your collateral.

OP thinks that following a tip, it's a guaranteed winning which in reality, it's risky as hell. Let's say OP is really sure about that and wants to take the risks, getting a loan is not even possible for him. There's a certain requirement for that kind of amount and banks or certain lending institutions won't just release the money even how well they are qualified. There is a first loan limit, second, etc.

However, the bank will not give you a loan for the reason of gambling football. Without a clear reason of course the bank will refuse it and also you must have collateral.

It's actually pretty easy to say another reason for the loan purpose. The problem is like I said, banks won't just release money without meeting their credentials and requirements. OP seems sure that profit is coming to him with that received tip so good luck to him.

[harizen]

It would be incredibly difficult to get a loan if your purpose is to gamble with that money, almost no bank would be willing to give that money away unless you were a profitable gambler and you knew the one at the top of the bank from which you were asking the loan,

As far as my experience in associating with banks, there's no such thing as even if you are a profitable gambler, you can get an approved loan by the banks. That's not how banking loans work. For the first-time borrowers, clients need to pass all the credentials and requirements that banks asked them to do so. It's a hassle but for another loan attempt and the credit score is good, banks will be the ones now to offer the loan to that client.

For the loan amount mentioned in the topic, I think OP is just trolling here. OP really concerned about the loan without thinking if the information is really legit which I doubt it is even though there's inside information about a possible rigged game.

It's not that simple to execute rigged games.

[Don Pedro Dinero]

Seeing how infrequently the thread creator posts, I doubt we'll ever find out if he took the loan and how it turned out if he did.

From any rational point of view it is crazy what is being proposed. The only exception would be if he knew 100% that a team had been bought to lose, which is highly unlikely to happen and virtually impossible for anyone outside the deal to find out.

So no, don't do that crazy thing.