Can you trust a gambler with your money/savings?

[Zilon]

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.

In one sence, gambling is a form of addiction. Many gamblers I see can't control themselves. Especially they can't handle greed. They became desperate to manage gambling money. So it is not at all safe to keep them in a place directly related to money.

We still have gamblers that are trust worthy when it comes to handling other people finances but it is still risky because no matter how disciplined they might be this temptation of taking small fraction from what was given to them to keep for gambling will always arise and it takes extra discipline to kill those urges. Most times they might have suggestions like take a little if you win you replace it and when the lose they will want to play on to see if they can cover up for the loss until everything is lost.

[Markinzo]

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?

Putting your money in the care of a problematic gambler is like putting your hands into the mouth of a crocodile and expecting it will not chop it off.
Like who does that?
I can't trust my investment in the hands of a gambler.
Though not all gamblers are irresponsible, but when it comes to addicted gamblers is very risky to place them in control of a financial position cause it's responsibility we are talking here, and responsibility amounts to accountability which can not be gotten from an addicted gambler as the instinct to gamble will always be there as far as money is at their disposal.

[inthelongrun]

I will answer this based on my experiences. But if the gambler is a stranger then literally it is already a big no. I will never ever trust them with my money.

When it comes to money. I used to judge my gambling friends thru their personal past and present appearances, attitudes and as much as possible their financial situations. Assessing their financial situations is the best but it is also the most difficult because it is something personal and we may not be able to delve deeper. I can remember a friend prosing to our circle of friends about a business and that he will be the one to manage. I rejected it right away knowing he was struggling financially with unpaid debts to some of our friends and he is also a regular gambler. I got a lot gambling friends and relatives that haven't paid me up to now although in small amounts.

The biggest unpaid amount from a regular gambler to me was $600. He used to gamble around $1000 to $4000 daily. I trusted that friend and let him borrowed $2,000 few years ago because he seemed doing well financially. In few years time he acquired 3 more cars, regularly vacationing abroad and somehow his wife's family business was expanding. I was too late to know that he was personally bleeding financially with divorced coming up and some unpaid debts to some of our common friends too.

Lesson I learned? The things we see is not really enough to assess someone's financial situation especially on a heavy gambler.

 

[Taskford]

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

He cannot even settle his finances and how much more the other people's money? for sure his gambling activities will lead up for a relationship or partnership to be broken because since he is a gambler he  might use the money to spend on his gambling activities.

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

Everyone deserve a second chance but make sure that he is so damn serious about forgetting about his gambling life, If he show positive response towards what people advice him towards his gambling activities and you see that he slowly getting up from messy situation then maybe its good to try again to trust him with financial things.

[bitbollo]

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

1) Yes. Unless you're talking about "problematic" gamblers (some one that has an issue about gambling!). I know it's really hard to know, but sometimes there are some signs (likewise no money saved or spending much more respect any win, playing compulsory, etc).

2) No. It's a serious health problem. if some one is not able to manage correctly money received, he doesn't reserve a second option is a true risk. Even if he recover from this problem I will thinking twice (maybe more) before handling a single satoshi!

[lionheart78]

Quite frankly, and don't think this the wrong way. I wouldn't trust any of you with my money, and neither should you trust me. If you have to trust someone with money, make sure it's as small of an amount as possible. Hence why normally there are trustee's in businesses, and any one holding money for the business or whatever, doesn't have access to all the funds, but a share of it.

Perfectly said! I was swindled by my trusted friend (known him since high school) when he offered me to invest in his business.  I rejected the offer instead I lent him the needed money without any interest and told him that I will get it back after 2 years.  Two years came and I talk to him about getting my money back.  He promised to pay it in parts. Another 2 years passed, the money was not returned and I was put on ignore.  I lost around $8k interacting with this guy's business.
The point here is that it doesn't need for a person to be a compulsive gambler to rekt someone.  Anyone can steal and cheat us but I don't agree about judging people that they will do bad things because they are a gambler since we do not know what kind of people these gamblers are.

[AicecreaME]

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

In my opinion, it's risky so you have to be carefully judge them before you hired them in that kind of position in a certain company. I mean, if that position allow him to hold the cash of your company then it's a no no, but if it is only like tallying the amount of money of your company via software, then it's good.

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

If someone done that to me, I wouldn't give them a second chance. Maybe they could try it to another company, because it's not worthy to trust them again if they can't separate their addiction on their work.

[bitbollo]

Perfectly said! I was swindled by my trusted friend (known him since high school) when he offered me to invest in his business.  I rejected the offer instead I lent him the needed money without any interest and told him that I will get it back after 2 years.  Two years came and I talk to him about getting my money back.  He promised to pay it in parts. Another 2 years passed, the money was not returned and I was put on ignore.  I lost around $8k interacting with this guy's business.
The point here is that it doesn't need for a person to be a compulsive gambler to rekt someone.  Anyone can steal and cheat us but I don't agree about judging people that they will do bad things because they are a gambler since we do not know what kind of people these gamblers are.

never mix friendship and business!
I think this is a proverb that with various declinations exists all over the world! Even in my region people says "Friends... and PAY ATTENTION!" You will never known what they are planning and we know that money creates just greed people

I think that generally speaking we can trust Gamblers. By the way it's obviously there are many types of "gamblers".
What he does for passion, what he does as a hobby, what he has so much money that just plays a few dollary is literally a drop in the ocean ... It is quite different when it comes to "problem gamblers" Japanese man gambled away a huge Covid-19 relief funds mistakenly sent to him then those who have an addiction and cannot control their addiction .

[Tumanggor]

~

Perfectly said! I was swindled by my trusted friend (known him since high school) when he offered me to invest in his business.  I rejected the offer instead I lent him the needed money without any interest and told him that I will get it back after 2 years.  Two years came and I talk to him about getting my money back.  He promised to pay it in parts. Another 2 years passed, the money was not returned and I was put on ignore.  I lost around $8k interacting with this guy's business.

I have also experienced something like this, I was tricked by my friend since childhood, he promised ROI in a year but until now what I received was only 45% of the promised ROI, I have lost contact with him

The point here is that it doesn't need for a person to be a compulsive gambler to rekt someone.  Anyone can steal and cheat us but I don't agree about judging people that they will do bad things because they are a gambler since we do not know what kind of people these gamblers are.

here I don't really agree with you, we know that gambling is something related to money, what is worried is when the gambler can't control himself and uses the company's money, that's where precautions need to be taken by not placing gamblers in the finance department

[pawanjain]

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?

It actually depends on how severe are the gambling habits of that person. If he is an addict I would never trust him even when I am high AF.
But if he does casual gambling may be then we can put a little trust on him and monitor the results on regular basis.
But once we see that the results are not positive and if we find out that he is using the money for gambling instead then never trust him back again.
He doesn't deserve a second chance.

[GigaBit]

I think it's really hard to trust a gambler with your money, i had access before to some money that belong to my brother and I used it to gamble and get a profit multiple times and of course I lost half of it once and I had to find ways to give the money back, from this experience I find it hard for me to even trust myself with other people's money, so in my opinion, you can't trust a drug addict with drugs and you can't trust a gambler with your money.

It depends on the gamblers themselves because if they can stop gambling or at least be responsible for themselves and not use other people's money, we can try to believe it. But it's hard to give trust to people who have wronged us and it takes time. Maybe the person who has wronged us should try to correct himself first before accepting the trust of others. Everyone has the right to get a second chance but it depends on how much intention that person has to change for the better.

All gamblers are not equal, we cannot judge all gamblers are bad and do not deserve to be given the opportunity to manage money.
I think it's just an addicted gambler, which we absolutely shouldn't give any chance to manage money. I agree with you, a person who
can be responsible for himself, can always control himself when gambling. To be honest, I have a friend who always gambles whenever
he has free time, but his finances remained stable and did not lack money to meet daily needs. This means that my friend is a responsible
gambler, he can limit the money to gamble. Usually based on the results of my research, most responsible gamblers always know when it is
time to stop gambling and are not obsessed with winning. So responsible gamblers deserve to be given the opportunity to control other
people's money.

Gambling should never be taken as a income source. Most of the times gambler never control his mind as a result he lost his assets. It should be considered as entertainment otherwise nothing. If a gambler is not desperate then no problem but if he is addicted in any way he would be irresponsible one, there will have no perfection. Addicted gamblers can never keep their commitment, especially financial issue.

[3meek]

If a person has any kind of addiction, whether it's drugs, alcohol or gambling, he cannot be trusted at all... It's a psychological disorder, and it's a long time since the nice guy you knew before... All the more reason not to trust such a person with money or valuables... There have already been many examples of people degraded by bad habits...

gambling is not psychological disorder because it is a competition that earns money which whenever it happens money involved so I would like to say that addiction of alcohol will contribute to psychological disorder why addition in Ros can also contribute for psychological disorder because the function is limited like function of gambling gambling is just to a process of getting money from another person due to arguments and prove so I don't think that it can cause disorder but it will make you to lose whatever thing you have if you are totally addicted to it.

I once had a friend who started playing slots And he visibly degraded... He had the look of a crazy person, he had a lot of debts... His social circle also changed, especially when casinos became illegal in my country... Anyway, we stopped communicating with him and he didn't pay me back, it's been more than 10 years... So I think any kind of addiction affects the psyche...

[Peanutswar]

Before playing gambling I already know the possible risk that's why I have a gambling plan first there's a specific amount of deposit I need to do example is around $200 for a day and make a limit of $1000 as the goal but if at the end of the day i didn't reach this specific amount i call this for a day, and the stop loss of playing gambling is when i reach the 25% of my total deposits after that i made the next game for the next day. We know how emotions really affect us playing gambling that's why it is good if you are still capable control yourself in this kind situation.

[famososMuertos]

Hi,
I don't know how this issue is directly related to the gambling board...in fact when I read its title I thought of the classic of paying money to a third party to bet it, I wouldn't do it, I do it, but in the world of poker participation in tournaments is sold there are even forums where certain players with a very good reputation sell the buy-in.

At the level of great players Daniel Negreanu does it and when he does it they sell like hot cakes. I've seen people put their savings into these kinds of things.

Now what you are asking about is something that for a company depends on the human resources department, in the case of hiring at the individual level, common sense.

[KTChampions]

On the one hand, trust does not require constant monitoring, but on the other hand, if you are in business, then you should control everything more carefully, even if your friends are involved. If the OP's friend had controlled his business more carefully, it would not have been on the verge of collapse.

Before playing gambling I already know the possible risk that's why I have a gambling plan first there's a specific amount of deposit I need to do example is around $200 for a day and make a limit of $1000 as the goal but if at the end of the day i didn't reach this specific amount i call this for a day, and the stop loss of playing gambling is when i reach the 25% of my total deposits after that i made the next game for the next day. We know how emotions really affect us playing gambling that's why it is good if you are still capable control yourself in this kind situation.

Good algorithm, but how does this relate to the topic of the thread?  Or are you implying that you are the right gambler who can be trusted because you have stop losses, which means you will not lose all the money?

[sovie]

I once had a friend who started playing slots And he visibly degraded... He had the look of a crazy person, he had a lot of debts... His social circle also changed, especially when casinos became illegal in my country... Anyway, we stopped communicating with him and he didn't pay me back, it's been more than 10 years... So I think any kind of addiction affects the psyche...

That is strange - did you not reach out to your friend to know in what condition he is.
Maybe he needs help. But Gambling is a trouble for those who often loose. And a blessing for those who are winner. So in both the case one should not lose the control on oneself.

[Piesel]

The possibility of a gambler misusing your money is high so my answer to the title of this topic is no I can't trust a gambler with my money, I think the friend who entrusted the gambling addict with a business manager made a big mistake, he should have at least check on his friend's excessive handling of the business finances.

[DoublerHunter]

Depending on person's lifestyle and mental health, financial position can be suitable for gamblers too. Unless the person has control over his emotions and gambling style, trusting him with your money is not easy decision. He can go casino to chase losses with other people's money and lose it for doing stupid bets. Better to keep things under control in such situations and test person's responsibility level.

^ I think the best is a financial position in which is you have a guarantee that the person whom you trust will pay once the money will be lost due to gambling. Even though it is a gambler or not you should not trust anyone else with your money, the temptation of money is quite high because every one of us needs that. So the assurance could be the financial status and the lifestyle he has because everyone has a bright decision we know how to value others' trust not to destroy because once trust has been broken, it will never be healed like as before. 

[crzy]

The possibility of a gambler misusing your money is high so my answer to the title of this topic is no I can't trust a gambler with my money, I think the friend who entrusted the gambling addict with a business manager made a big mistake, he should have at least check on his friend's excessive handling of the business finances.

I’m wondering why you need someone to gamble for you? I don’t see any sense here since gambling is a game of luck and there’s no real strategy that makes you more profitable because gambling will always be in favor to the house. Now if you are not qualified to gamble, better no to try anymore and just follow the rules instead of using your money and trusting someone you don’t actually know. I also NO to this, and I will never use my savings for gambling.

[robelneo]

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

If they are compulsive gamblers they should not be considered in that position, but he deserves it if he is capable its not really the person but his addiction that stopped him from holding that position, if he can show to the management that he is totally cured then he should not be discriminated for holding that position.

He doesn't deserve a second chance if he is not yet cured like what I posted it's the addiction that's holding him to hold that position cure himself first then he gets that position if he deserves it.