taking out a loan for a sports bet

[Heartilly]

Think many times before you make a decision. Borrowing from someone or lending to a company just for a gamble that you have no guarantee that you will win is not a joke.

Because debt and gambling addiction is one of the causes of depression today and sometimes even leads to wrongdoing or suicide. And it’s even sadder if you have a wife and children and ruined your family because of being buried in debt because of gambling. It is not bad for a person to give his own happiness, but we must have or know our limits.

[Zilon]

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 

First do you have the collateral equivalent of the loan you about to take? Taking a loan with such amount will require lots of assessments like source of income, assets, Creditworthiness and guarantor. But how on earth will you think of taking such a huge loan on a bet have you thought of the risk carefully? it is scary to make such an attempt

[carlfebz2]

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 

First do have the collateral equivalent of the loan you about to take? Taking a loan with such amount will require lots of assessments like source of income, assets, Creditworthiness and guarantor. But how on earth will you think of taking such a huge loan on a bet have thought of the risk carefully?

Doesnt really make sense right? How someone do really consider out on taking a huge loan just for him to make out some bets or simply gambling? If you are on your right mind then for sure you wont be considering

such step and its true that acquiring such big amount loan isnt something simple that someone could really be able to comply.The amount is huge which banks and other business firms will definitely

be looking into something which do really correlate on the amount that you are requesting or taking up some loan.If you cant provide on whats been asked then expect on what would be the approval which
would be surely declined.

[agustina2]

With huge money there are many other methods to invest and make that sum grow. It's really not necessary to go all in one bet, doesn't matter how safe it looks.

OP can consider following the tip, there's nothing wrong with that. But as you said, going all-in in one bet should be taken into account seriously. OP should think of those things that might possibly happen if ever that bet loses. Even without pursuing a loan, OP can still take advantage of that tip by betting only the amount he is willing to lose or risks.

OP should not treat gambling as a child's game. It already destroys lots of lives because of doing a loan for gambling purposes. Don't put your life on a complicated status as if you are the only one who will be affected but also all people around you, especially your family.

[Spack17]

Never gamble with a loan! When you do this, you've already lost. There is no 100% guarantee of winning while gambling. If you lose in this way, you will have lost twice as much and you will have suffered a great psychological loss. My brother did this before and couldn't recover for a long time. I know how bad it is because I see it so close.

[michellee]

Think many times before you make a decision. Borrowing from someone or lending to a company just for a gamble that you have no guarantee that you will win is not a joke.

Because debt and gambling addiction is one of the causes of depression today and sometimes even leads to wrongdoing or suicide. And it’s even sadder if you have a wife and children and ruined your family because of being buried in debt because of gambling. It is not bad for a person to give his own happiness, but we must have or know our limits.

That's true but often, people don't think twice and immediately take loans from other people. Only after they get into trouble with the loan or have to pay it every month do they think about how to get the money to pay it off. This often happens in the real world because people can easily borrow from others.

Those two things, namely debt and gambling addiction, are serious problems that everyone should avoid. Having this debt will make us feel hard to pay it. Meanwhile, if we are addicted to gambling, we will find it hard to leave it even though it is for our good.

[Oshosondy]

I think the author of this thread is safe... He is not going to borrow 50,000$-100,000$ from any lender or institution without a very good collateral.

Even craziest than borrowing money to gamble, it is to lend such amounts of money to a gambler without a guarantee he can pay back if his bet goes wrong.

With huge money there are many other methods to invest and make that sum grow. It's really not necessary to go all in one bet, doesn't matter how safe it looks.

What I have heard before and what I can be able to do is to borrow money for business and not for gambling because gambling is not a business, it is not a job, it is even not a profession. I see no qualification for someone that will borrow to gamble than stupidity and foolishness. There is nothing better to even gamble with what you can afford to lose rather than borrowing.

[YuginKadoya]

...

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,

It's the thing, some people are not responsible! Some people are taking loans without thinking about how to return them eventually! What these people don't understand is that it's not just their "credibility" at stake, family and close people can suffer a lot more! So when it comes to OP and his words I think he is very irresponsible when he says how he plans a 50k-100k loan for a bet on a soccer game?! I think he doesn't understand the consequences if he loses a bet! And as I said, even if he wins it will be just postponing a disaster, he will probably think about the easy money and he will try to do the same with more money maybe! So the hole will just get deeper and deeper...

It's stupid to borrow money for gambling in any possible way! People should have fun with gambling if they have some money to spare, playing with borrowed money is just a burden, and people should never do it!  

Exactly! It will not depend on a person's status or if he's educated or not, people can become desperate depending on the situation, and being addicted to it is a snap as well, but I am not saying that all people will be doing this loan and gambling thing, it can happen to anyone of us, in desperate situations, the rich could get bankrupt and eventually thinking stupid things like this, or most notable will be the poor once that doesn't have a thing at all, so it can happen to anyone, but it will always depend on the situations,

And yes it is really stupid to borrow money and gamble, anyone can gamble without getting a loan, but it will depend on your financial status, And TS is loaning for the purpose of one thing only, and that is to gamble, he might be desperate in increasing his money, or he could be just doing an experiment if his lucky or not or worst part of this he could be addicted without knowing it, any situation can end up really bad,

[hahay]

I think it depends on the requirements and rules made by the lender, for example, the guarantee that must be adjusted to the size of the loan and also on how much of the repayment must be met and the possible time will be determined as well. With this policy, then all choices return to yourself, whether you are ready to do it or not. If you are not ready and just to try, then I would suggest avoiding it because it will be very risky, instead of winning you can be very down and destroyed. It's different if you are really ready and completely sure that you will win with the capital you get from a loan, but still gambling is not right if you borrow it in large amounts because it will only make it a burden for yourself.

[The Author]

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.

Tbh, the chances of ones success in betting with borrowed money is really low 
So the OP should know this and refrain from such no matter how good of an analyst you are.

[Apocollapse]

What I have heard before and what I can be able to do is to borrow money for business and not for gambling because gambling is not a business, it is not a job, it is even not a profession. I see no qualification for someone that will borrow to gamble than stupidity and foolishness. There is nothing better to even gamble with what you can afford to lose rather than borrowing.

If he told the institutional to borrow money for gambling, then he's dumb since no any legit institutional will give him loan. I believe there are many people who borrow money for gambling and he claim it's used for personal or etc, because most of addicts are rekt since they're using borrowed money. Now I'm worried if the @OP is a gambling addict but still force himself to gamble.

[Wexnident]

Most loans shouldn't be THAT hard to take if you have all the requirements the loan agencies set beforehand. It may change depending on the amount and may differ from agency to agency though, so that'd be different from what I have here to what you have there. At most I'd give it a week, at the very least, one or two days. That's the regular type though, as I said, it might differ if the loaning agency you visit has different rules cause of the amount you want. IF it was from a family/friend, then it might be faster really, if said people actually trust you to pay.

Wouldn't really recommend it though tbh.

[madnessteat]

I think it depends on the requirements and rules made by the lender, for example, the guarantee that must be adjusted to the size of the loan and also on how much of the repayment must be met and the possible time will be determined as well. With this policy, then all choices return to yourself, whether you are ready to do it or not. If you are not ready and just to try, then I would suggest avoiding it because it will be very risky, instead of winning you can be very down and destroyed. It's different if you are really ready and completely sure that you will win with the capital you get from a loan, but still gambling is not right if you borrow it in large amounts because it will only make it a burden for yourself.

Even if TS manages to take such a big loan and pay back the debt to the bank after winning, this story still will not end well. He will understand that it is possible to gamble without having his own money and sooner or later he will lose the borrowed money. It takes years to earn that money in my country, which means that if he loses, he will just have to work to pay the loans.

I would advise him never to take out loans for such risky ideas.

[aioc]

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 

Be sure to check how reliable is the information 50-100k is such a huge amount to take a loan, the first rule of gambling and investing is always invest money that you can afford to lose, this is gambling there is no uncertainty here, even if the game is fixed things could go the other way around, and about the loan, if you are very serious on what you are going into, you can easily get a loan if you have a good credit line, in my case, I would not even think of taking a loan just to gamble, it's not my character and it could ruin my life.

[jostorres]

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 could have other alternatives to find funds for betting then don't loan. You'll only be putting yourself in a risky situation. There's no guarantee that you can win so if you'll loan, you'll have a hard time paying it. If there are upcoming events that you're interested in betting with, you must prepare for them ahead of time. It's better to use your own hard-earned money for gambling.

It seems that the OP is serious about the information because why would he plan to take out a loan? I am sure that he already knows the risk, that is why he is not rushing but he take the time to ask for a second opinion here but unfortunately many of us here is not in favor of his plan so sorry OP, I guess you will need to cancel out that plan and follow instead what is suggested here.

Take the advice of this user for instance. Try to look for another way to make funds without needing to borrow it and repay it. The only disadvantage of it is that you cant get that much money you are planning to get in a short period of time and you can miss the game.

[erep]

It seems that the OP is serious about the information because why would he plan to take out a loan? I am sure that he already knows the risk, that is why he is not rushing but he take the time to ask for a second opinion here but unfortunately many of us here is not in favor of his plan so sorry OP, I guess you will need to cancel out that plan and follow instead what is suggested here.

I agree that the OP question requires another explanation as a second option from experienced gamblers and all the above opinions are relatively unsupportive of loans to be used for inappropriate purposes and very risky. I hope the OP continues to actively review the discussion in this thread and consider every opinion that has been put forward for the purpose of sharing a good solution for you, that we must have limits for gambling and we bet using money that is ready to lose without being tied to a loan with any party.

[Theones]

It seems that the OP is serious about the information because why would he plan to take out a loan? I am sure that he already knows the risk, that is why he is not rushing but he take the time to ask for a second opinion here but unfortunately many of us here is not in favor of his plan so sorry OP, I guess you will need to cancel out that plan and follow instead what is suggested here.

I agree that the OP question requires another explanation as a second option from experienced gamblers and all the above opinions are relatively unsupportive of loans to be used for inappropriate purposes and very risky. I hope the OP continues to actively review the discussion in this thread and consider every opinion that has been put forward for the purpose of sharing a good solution for you, that we must have limits for gambling and we bet using money that is ready to lose without being tied to a loan with any party.

I would always think of plan B - what if the bet is lost. Losing all the loan  money in gambling is something I would not prefer at all.
But his is a big risk OP - should decide carefully after careful consideration.

[Mahanton]

It seems that the OP is serious about the information because why would he plan to take out a loan? I am sure that he already knows the risk, that is why he is not rushing but he take the time to ask for a second opinion here but unfortunately many of us here is not in favor of his plan so sorry OP, I guess you will need to cancel out that plan and follow instead what is suggested here.

I agree that the OP question requires another explanation as a second option from experienced gamblers and all the above opinions are relatively unsupportive of loans to be used for inappropriate purposes and very risky. I hope the OP continues to actively review the discussion in this thread and consider every opinion that has been put forward for the purpose of sharing a good solution for you, that we must have limits for gambling and we bet using money that is ready to lose without being tied to a loan with any party.

I would always think of plan B - what if the bet is lost. Losing all the loan  money in gambling is something I would not prefer at all.
But his is a big risk OP - should decide carefully after careful consideration.

Very big risk indeed that getting some big loan just for you to make some sports betting? If you do have other source on paying up the loan then its good but if not? Then you are really
making yourself on putting into a situation where you would definitely be having a hard time on repaying those amounts until interest would bloat out which would cause more problems.
So its better not to take some loan as much as you could so that you wont really be finding yourself on a situation where you are messed up paying those amounts for long term
just because you had spent it all in gambling.

[AmoreJaz]

It seems that the OP is serious about the information because why would he plan to take out a loan? I am sure that he already knows the risk, that is why he is not rushing but he take the time to ask for a second opinion here but unfortunately many of us here is not in favor of his plan so sorry OP, I guess you will need to cancel out that plan and follow instead what is suggested here.

I agree that the OP question requires another explanation as a second option from experienced gamblers and all the above opinions are relatively unsupportive of loans to be used for inappropriate purposes and very risky. I hope the OP continues to actively review the discussion in this thread and consider every opinion that has been put forward for the purpose of sharing a good solution for you, that we must have limits for gambling and we bet using money that is ready to lose without being tied to a loan with any party.

I would always think of plan B - what if the bet is lost. Losing all the loan  money in gambling is something I would not prefer at all.
But his is a big risk OP - should decide carefully after careful consideration.

in the first place, i don't think anyone from here will give him a loan without any significant collateral. maybe, he has a chance if he will borrow it from his close friends or colleagues and know his financial capability. but asking from here or any other forum, i don't think he will be successful in this task. no one can guarantee the outcome of the bet. that's for sure, even if it is insider's tip.

[coolcoinz]

When you have an account in a bank with some steady inflows, like from a job, banks will allow you to take a fast loan. The amount depends on many things like the bank itself, the amount of money going through your account, the age of the account, current loans that you have, and so on. In my case I had about 1.2k EUR of steady inflows in one of my accounts and could take a 5k EUR loan just like that from my bank API so a small loan is usually not a problem. There are companies that grant small loans with no collateral within minutes. You just need an ID.

That said, I wouldn't recommend going into debt to gamble.