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Author Topic: Can you trust a gambler with your money/savings?  (Read 1439 times)
Rruchi man (OP)
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June 23, 2022, 09:51:57 PM
 #1

True life Story.
A friend i know recently narrated to me how his business almost collapsed due to trust he had for another of his friends who he thought he was helping by recruiting him to manage one of his Retail outlets. He narrated how having put him in charge of that point started observing a decrease in the the profit from there intended for savings and reinvestment. He confronted him severally to know what the problem was, but his friend attributed it to being ill and needing drugs, until one faithful day when he ran into him in a betting shop during working hours betting on virtual football games, how disappointing!

Questions for discussion
- Are gamblers eligible to hold financial positions?
- Do problem gamblers deserve a second chance to hold a financial position?

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June 23, 2022, 09:58:03 PM
 #2

I knew a Chinese trader who lost his daily receipts and then divorced his wife and flew back to China from Europe.

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June 23, 2022, 09:58:40 PM
 #3

Questions for discussion
- Are gamblers eligible to hold financial positions?
- Will it be wrong to trust a problem gamblers with money?

Gambler will always be a gambler, if there’s a greed and other opportunity then most probably they will grab it. Gambler can still be trusted as long as you make them liable and trusting your friend is a big thing, its not easy but its possible.

Gambler should be more responsible especially on handling others money, if you don’t trust them then why give money to them in the first place? You should know the possible risk of this.

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June 23, 2022, 10:04:37 PM
 #4

Really hard to answer, but I heard horror stories too just like what the OP has describe. Well if he knows that his friend is into gambling, maybe he wouldn't trust him. So I guess for us we really need to be very careful about who put our businesses and money and rely them to manage it for us. Not just for gamblers, but for everyone because you really don't know, maybe if they see that the business is growing, they might be tempted to steal.
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June 23, 2022, 10:09:29 PM
 #5

Noticed playing Virtual game's hmmm ? That's one of the fastest ways someone or anyone can loss he's or her funds. Crazy thing's are really have I can't happen to watch such a fatal flaw come upon my fund's, funds or no funds, I am certain that I can never give a gambler my trust, but some cam be very discipline and works harder.
Once addiction is a problem, you better keep the at arm- length, funds should be used for better and good reasons.

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June 23, 2022, 10:14:20 PM
 #6

Questions for discussion
- Are gamblers eligible to hold financial positions?

Obviously in this case, gamblers are hard to trust holding positions that involved money. Money that don't belong to you in the first place. And we have a old saying here that if you have a business, don't gamble your profits because you business will go down.

- Do problem gamblers deserve a second chance to hold a financial position?

Everyone deserves a second chance. It's that the gamblers should have the moral compass not to be tempted and relapses back to his old self otherwise that chances will be taken from that individual.

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June 23, 2022, 10:22:13 PM
 #7

- Are gamblers eligible to hold financial positions?
No if it's a gambler similar to your story. I think a serial gambler like that has no sense of responsibility and should not be able to handle a company's major financial transactions or else.  An opportunity makes a thief as they say. Give it to them and you'll pay the price.

Quote
- Do problem gamblers deserve a second chance to hold a financial position?
Yes if they were able to get some sort of therapy or have proven they're able to bring down gambling habits to a manageable level.

R


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June 23, 2022, 10:40:46 PM
 #8

Questions for discussion
- Are gamblers eligible to hold financial positions?
Based on your story, if that's the type of gambler then it will be a no.

- Do problem gamblers deserve a second chance to hold a financial position?
Yes, everyone who has been problematic with sort of things like this deserves a second chance. Anyone can change and if he's not willing then it's  his problem anymore and not the one who's giving him a second chance.

We all deserve a second chance and maybe by that chance, someone who's too addicted like in the story wholly change.

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June 23, 2022, 10:40:57 PM
 #9

- Are gamblers eligible to hold financial positions?
The average gambler who is responsible will still hold the company's finances for safe, not for betting, but it is rare to find a qualified gambler to hold finances of a company. In real life according to my personal experience, an owner will not do that by entrusting finances to people even though he is a friend. Previously will see a history of skills in managing money, well behaved of course and can be trusted, criteria for gamblers are not included in the list but I don't know in other countries.
- Do problem gamblers deserve a second chance to hold a financial position?
Of course not, because he's still a problem gambler. Things will repeat themselves with every temptation of an unhealthy mindset, unless he has given up gambling and has common sense.

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June 23, 2022, 10:44:34 PM
 #10

True life Story.
A friend i know recently narrated to me how his business almost collapsed due to trust he had for another of his friends who he thought he was helping by recruiting him to manage one of his Retail outlets. He narrated how having put him in charge of that point started observing a decrease in the the profit from there intended for savings and reinvestment. He confronted him severally to know what the problem was, but his friend attributed it to being ill and needing drugs, until one faithful day when he ran into him in a betting shop during working hours betting on virtual football games, how disappointing!

Questions for discussion
- Are gamblers eligible to hold financial positions?
- Do problem gamblers deserve a second chance to hold a financial position?


A financial position or lending money two different things.  I generally don't like lending money to a hard core gambler because you are only begging for them to feed their addiction and sever personal ties.  But them holding a financial position like stocks or crypto is a little different.

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June 23, 2022, 10:46:03 PM
 #11


Questions for discussion
- Are gamblers eligible to hold financial positions?
- Do problem gamblers deserve a second chance to hold a financial position?

1. Everything does have freedom on whatever positions that they are tending to apply on, its up to the employer if they would simply attached those personal information in regarding your situation
which might be some basis whether they would be accepting you or not.

2. There would no problems if you dont really let yourself do involved your work out of your gambling addiction.Its up to someone if they would really be commiting some crimes or violations
which do attached with their work which is a dumb thing to be done imho.

R


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June 23, 2022, 10:58:57 PM
 #12

In my case I would just give my friend an amount of money that I know I wouldn't miss if he lost, I wouldn't give him money that I need to pay bills or that I need to eat or that I need to play games and have fun , friendship does not mean that the person has to trust blindly in his friend, sincerely in the current world it is necessary to be careful with anyone, even if it is someone you are living with every day, even so this person can attack you in the back

- Are gamblers eligible to hold financial positions?

yes, as long as the person is not addicted to gambling and is a responsible person, that person can hold any position. who determines whether or not a person is in a position to assume a certain position because he is addicted to gambling is a doctor, only the doctor after an exam can determine someone's incapacity

- Do problem gamblers deserve a second chance to hold a financial position?

definitely not! it would be too risky to put some ex-gaming addict in a position where he is dealing with money, i would take it if he is dealing with roles and people but not money

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June 23, 2022, 11:03:27 PM
 #13

Trust is one of the problem we are having when it come to fund or a particular high position. This is a big case of study and we need to put ourselves in this shoe to understand the storyline because I have lost huge sum of capital because of thesame mistake I made. I can not entrust my fund with a friend, not even closed friends without taking a thorough observation on how they roll with the fund or position. I am too careful these days on similar thing so it will not come close to my sight again.

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June 23, 2022, 11:04:17 PM
 #14


Questions for discussion
- Are gamblers eligible to hold financial positions?
- Do problem gamblers deserve a second chance to hold a financial position?
This is a case by case scenario problem here imo. If all gamblers had problems handling money, I swear gambling would've been banned long long ago. And I wouldn't really give a gambler a second chance, most of their bad habits come from compulsiveness and that isn't anything closely similar to a simple mistake, no, it's way worse.

It's kinda dumb though how he recruited him based on friendship and not resume. It's all good to help a friend BUT this was a retail owner position. Friend or not,  they should've checked his credentials and work experience properly first.

R


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June 23, 2022, 11:12:38 PM
 #15

~snip~
Questions for discussion
- Are gamblers eligible to hold financial positions?
- Do problem gamblers deserve a second chance to hold a financial position?

^ This is a case-to-case basis and depends on the financial status of the gambler, but if you don't know him personally or there is no guarantee that he has responsible enough to hold a fund, then, why do you entrust him?
Even do gamblers and non-gamblers are the same, when it comes to money we should be careful who should we trust especially in a business.
Your question is definitely hard to answer because it will matter in the situation, the only thing that I can assure is to know him personally before putting trust because trust cannot be asked, it should be gained.
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June 23, 2022, 11:15:54 PM
 #16

True life Story.
A friend i know recently narrated to me how his business almost collapsed due to trust he had for another of his friends who he thought he was helping by recruiting him to manage one of his Retail outlets.
That is why when building a business, there needs certain attention and professionalism although they are our friends or even our family. That's why it is better not to involve friends or family in certain businesses if they cannot be professional. For, once bad condition happens, this will really influence the relationship between us and them.
Btw, this case can be really a good lesson for us here.

True life Story.
- Are gamblers eligible to hold financial positions?
Well, actually this will depend on how professional the people are. But, if someone has been addicted to gambling, I personally will not choose them for the financial position because this is very risky to be like this case. Although not all gamblers like this, it is not working if we avoid the probabilities, isn't it?


R


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goinmerry
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June 23, 2022, 11:26:32 PM
 #17

Questions for discussion
- Are gamblers eligible to hold financial positions?
- Do problem gamblers deserve a second chance to hold a financial position?

1. Yes, of course. It depends on what type of gambler that person is. There's a responsible and irresponsible gambler. Regardless of how addictive they are, if they are doing their best in their work, everything will be fine on the business side.

2. Why should we limit them especially if that's their expertise? As long as they will remain responsible all the way, there should be no problem.

Choosing the person, of course, should be personally known to you as you know them more than everyone.
TimeTeller
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June 23, 2022, 11:43:32 PM
 #18

Questions for discussion
- Are gamblers eligible to hold financial positions?
- Do problem gamblers deserve a second chance to hold a financial position?

1. Yes, of course. It depends on what type of gambler that person is. There's a responsible and irresponsible gambler. Regardless of how addictive they are, if they are doing their best in their work, everything will be fine on the business side.

2. Why should we limit them especially if that's their expertise? As long as they will remain responsible all the way, there should be no problem.

Choosing the person, of course, should be personally known to you as you know them more than everyone.

There are gamblers that know their limits and know to keep their responsibilities separate from their habits.
However, they are also subject to temptation, depending on their desire to gamble.
We can always give them a chance but in case they bend their protocols once, then, think of the worst possible situation.
Better be cautious with things rather than regretting late. Definitely, they can be trusted but depends on their personality himself.
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June 23, 2022, 11:52:21 PM
 #19

- Are gamblers eligible to hold financial positions?
- Do problem gamblers deserve a second chance to hold a financial position?

The first question seems to be already judging the book by its cover. Just because the term used is "gambler" seems to me that you already concluded all as addicted and dangerous. What if that person is really performing well on that work?

The second question has a clear answer. They should deserve a second chance as long as they are now a better person after being addicted to gambling.

Personally, I have knows lots of responsible gamblers over irresponsible ones. They are losing big almost regularly but outside gambling, they are being professional and their lives are not that affected. We can't just conclude gamblers are supposed to be a big problem later on. That's wrong.

In OP's story, I'm sure there are parts of the story that we didn't know. Putting the blame because of gambling doesn't make sense.

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Lanatsa
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June 23, 2022, 11:54:32 PM
 #20

Questions for discussion
- Are gamblers eligible to hold financial positions?
- Do problem gamblers deserve a second chance to hold a financial position?

1. Yes, of course. It depends on what type of gambler that person is. There's a responsible and irresponsible gambler. Regardless of how addictive they are, if they are doing their best in their work, everything will be fine on the business side.

2. Why should we limit them especially if that's their expertise? As long as they will remain responsible all the way, there should be no problem.

Choosing the person, of course, should be personally known to you as you know them more than everyone.

There are gamblers that know their limits and know to keep their responsibilities separate from their habits.
However, they are also subject to temptation, depending on their desire to gamble.
We can always give them a chance but in case they bend their protocols once, then, think of the worst possible situation.
Better be cautious with things rather than regretting late. Definitely, they can be trusted but depends on their personality himself.
Yes and op is generalizing that all gamblers would really be like that and which same as you said that there are indeed people who could really able to control theirselves when it comes to their addiction or simply into

their gambling habits or activities on which they arent really that dumb on risking out their dayjob just because of their side hobby which it isnt really worth on exchanging the way on how you do make your living into

something which do only focuses on entertainment or something temporary which cant really able to make you sustain on day to day spending or expenses.

R


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