taking out a loan for a sports bet

[Davidvictorson]

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 will tell you that you are not the only one in this ship. It is possible that people who are willing to take out a loan to bet on a game view it more of like an investment rather than "gambling". It is a good thing you have asked this question, it shows you are smart and willing to do thorough a research before making the move. If you decide to go through with your decision, kindly avoid loan sharks. They'll loan you the money without any collateral but will go to any length to get it back if you default.

[DoublerHunter]

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 will tell you that you are not the only one in this ship. It is possible that people who are willing to take out a loan to bet on a game view it more of like an investment rather than "gambling". It is a good thing you have asked this question, it shows you are smart and willing to do thorough a research before making the move. If you decide to go through with your decision, kindly avoid loan sharks. They'll loan you the money without any collateral but will go to any length to get it back if you default.

A very high risk, I won't risk any of my properties on this. When you ask for a loan, of course, there is high collateral and the value of that collateral considering a low value to the lender. I don't know how sure I am with my prediction in sports betting, probably a chance to take that risk will probably be a small percentage when I am sure that who is the winner of the betting match but if not, I won't take that high risk.
It will become a double edge sword once you lose in gambling.

[Quidat]

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 will tell you that you are not the only one in this ship. It is possible that people who are willing to take out a loan to bet on a game view it more of like an investment rather than "gambling". It is a good thing you have asked this question, it shows you are smart and willing to do thorough a research before making the move. If you decide to go through with your decision, kindly avoid loan sharks. They'll loan you the money without any collateral but will go to any length to get it back if you default.

Would always be a bad idea to take some loan just for you to make out some gambling bet which is really a very bad idea even if you are capable or eligible on getting that amount but still you would
need to pay off something which is really that a casual thing to be done or its your responsibility for you to do so.You do know on where it would really be heading on such extent if ever
you would consider on not repaying those debts or loans.IF you cant see yourself on able to pay on the right time then you would really be having that big problem ahead.

[KennyR]

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 will tell you that you are not the only one in this ship. It is possible that people who are willing to take out a loan to bet on a game view it more of like an investment rather than "gambling". It is a good thing you have asked this question, it shows you are smart and willing to do thorough a research before making the move. If you decide to go through with your decision, kindly avoid loan sharks. They'll loan you the money without any collateral but will go to any length to get it back if you default.

A very high risk, I won't risk any of my properties on this. When you ask for a loan, of course, there is high collateral and the value of that collateral considering a low value to the lender. I don't know how sure I am with my prediction in sports betting, probably a chance to take that risk will probably be a small percentage when I am sure that who is the winner of the betting match but if not, I won't take that high risk.
It will become a double edge sword once you lose in gambling.

Yess, depending on the value of loan will be the requirement of collateral to be submitted. What OP have requested and has planned is a big number and this requires a much valuable collateral. This bet can be made out of loan if the user have got the backing to clear the loan even if the bet didn't win.

[STT]

Sounds like a plot to a movie, can I recommend for entertainment instead of dying and/or committing to bankruptcy you watch the Bad Lieutenant.  In theory it can be taken as all about someone who bets on games using hot money and ends up worse for wear, luckily he is already a total wreck anyway so its got a happy ending.

[_act_]

Definitely think twice before taking loan, there is no 100% fixed match and you can lose more than what you can afford to lose. What if, you take a loan and placed sports bet then it loses? Well, you have to pay back whatever amount you borrowed and it will be stressful day unless you are able to pay back soon. Just my 2 cents.

Exactly. Ask for a loan it is never a good idea. Banks are not stupid and you should put your home or something with high value as collateral, and you can risk to lose it for a match that you're also sure that is not fixed at 100%.

Even this could not be about if a match is fixed or not, going for loan to bet is stupidity. It is just a sign of addiction.

So, consider what are you doing, and think about. Less gains sometimes means also more safety.

I do not believe in less gain if going for low odds is what you mean, it is even dangerous at time and there are different strategies used for different matches. I have gone for low odds all to know that it is riskier than high odds because the profit made is less and before you will make the profit for high odd, the money could have been lost.

[ethereumhunter]

Better safe strategy than sorry. What if he wins the match? Surely sounds exciting but chances are higher to bust that money you can't afford to lose as gambler. I can't even imagine losing money OP tooks as loan and can't pay then loses collateral. It will be nightmare and traumatic loss.

Instead of getting a big risk of losing the money, especially if it is borrowed money, it is better to manage the money we can afford to lose because the risk is smaller than borrowing money. I do not dare to take that risk because there is still a refund to the owner. If that happens, it might be the worst experience and it could be that we lose everything we have because we can't pay back all the borrowed money. So by using our own money and not from the loan, we can prevent from paying the money back.

[Gosgosking]

Definitely think twice before taking loan, there is no 100% fixed match and you can lose more than what you can afford to lose. What if, you take a loan and placed sports bet then it loses? Well, you have to pay back whatever amount you borrowed and it will be stressful day unless you are able to pay back soon. Just my 2 cents.

Taking a loan to bet is something that one needs to think twice be taking such decisions,  no one can predict a result of a game.  The risk in taking loan to bet is very high, it is under probability to win the bet.
If at all a loan should be taking to bet let it be the amount that will be easy to pay back without any stress.

[Theones]

Definitely think twice before taking loan, there is no 100% fixed match and you can lose more than what you can afford to lose. What if, you take a loan and placed sports bet then it loses? Well, you have to pay back whatever amount you borrowed and it will be stressful day unless you are able to pay back soon. Just my 2 cents.

Taking a loan to bet is something that one needs to think twice be taking such decisions,  no one can predict a result of a game.  The risk in taking loan to bet is very high, it is under probability to win the bet.
If at all a loan should be taking to bet let it be the amount that will be easy to pay back without any stress.

Since I am very careful in lending and borrowing money. And I keep my financial matter very accurate. So for me doing a sports bet on the loan is a big no no for me. I would rather play safe and loose my  own extra money rather than losing loan money and ending up in double debt.