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Author Topic: Can you trust a gambler with your money/savings?  (Read 1441 times)
Newlifebtc
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June 27, 2022, 01:18:54 PM
 #181

Why of all people in the world we are talking about gambler to be entrusting our money ?

Of course the answer is NO, there are many people that i can entrust my money but not with a desperate person(desperate because this i can call a serious gambler, desperate to become millionaire)

and also I am not a type of person that will let my money into others hand because I know that i can make my own for long term .
I wonder why one would think of trusting a gambler if he will temper with the money that he is in charge of. It is as keeping a fish with a cat and still not sure if the cat will eat the fish. When it comes to money a desperate gambler can not be trusted because gambling is a strong addiction that a desperate gambler can be tempted to use the money to play gamble if their is no other way to get money.
any person who is gambler and is addicted in gambling you cannot give the person's money to keep for you because immediately the money is given to him what will come into his mind is to multiple the money by playing gambling so gamboler is not trustworthy to guarantee  a money keeper

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June 27, 2022, 01:29:45 PM
 #182

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.

What a sad story you had with your friend Sir, Nowadays, it is really hard to give our trust to someone, especially if the person itself is a gambler.
Even you know the person, still hard to trust especially if the money is involved. Though, I am not saying all the gamblers are not trustworthy, of course not, that's not what I'm trying to say, maybe you can give a trust if the person/gamblers you know Him/Her well I guess, at least with that you have a guarantee anyhow to get your money back again.
In this case there is no longer a reliable trust when it comes to money, the only way is with a guarantee because only with a guarantee they will certainly be responsible for the money itself. There are no longer good friends, old friends or best friends in the eyes of every individual, when it comes to money, any kind of friendship is no longer valid and cannot be guaranteed. If in an investment it is clear that they have tangible goods and/or activities, they cannot repay the loan, then even more so if it is related to gambling, then of course you have to be careful. So yes, the guarantee is the main thing in this case and not good friends and not old friends so we can trust it, because it is wrong when it comes to money because money can spoil everything if there is something wrong in it.

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June 27, 2022, 07:32:47 PM
 #183

If the business processes in the company are properly debugged, then the employee simply does not have a chance to steal funds regularly and without consequences, therefore, in my opinion, in such cases it is possible to hire gamblers and drug addicts and other categories of employees who are rated as risky. The problem that is raised in the first post is trust between friends - if you trust a friend so much that you don't control him if he is your employee then be prepared for the fact that he will deceive you.
I would not trust anyone with bad finances.
If you want to test a person - see how he deals in the finances. If the person is not good in dealing with finances - this means he is not trustworthy. 

Your actions seem reasonable, but they are deeply flawed. In order not to be deceived, you must avoid opportunities where you can be deceived. All external signs do not matter. If you study the history of scammers (the most famous or the average ones) you will see that they radiated reliability and showed signs of a "worthy and trustworthy" partner. And they used that trust to their advantage.

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June 27, 2022, 08:34:31 PM
 #184

First of all, I don't think Bitcoiners are trusting people imo, we use a digital currency because we don't trust the traditional system. We don't trust crypto exchanges to store our crypto so we use wallets we have full control. Back to topic, It's really easy to trust anyone with money these days, it makes it more easy for me when the person has a history of gambling problems and unpaid debts. That's a red flag. I wouldn't put in a position where they can take advantage of me.
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June 27, 2022, 09:13:14 PM
 #185

- Are gamblers eligible to hold financial positions?

Regular gamblers, yes. Problem gamblers, no. And not only because a company's money are at risk, but because giving money to gamling addicts can aggravate their problem.

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

Absolutely. Gambling addiction is treatable. I personally know a guy healed from it several years ago, who've never had any issues since.

Identifying problem gamblers however is hard, you can never tell a guy have a gambling problem until you learn its too late. Unless you live with him in the same house. Problem gamblers hide the vice to a long time, you will only learn they've got this problem when its pretty obvious already which he is selling his watch, car or properties which is worse.

I think he will have to experience the great loss first before learning to accept, treated to get healed.

Normal that we wont really be seeing on what people been dealing with until you do able to discover if its indeed too late.Speaking about trusting someone with my money then it would really be just common sense
that you would really be having those kind doubts whenever you do know that someone is really dealing up with gambling.I know that we are just too judgemental but it cant really be avoided since our instincts do tell us on what would be the probabilities of things to happen considering that you do know that someone is really dealing up with gambling which means that tendency or chances could happen and thats something
that you do really want to happen.I know that its a bit harsh or not to ethical on accusing someone or making out conclusions but i could really say that its really hard not to mind off if you do know something.

R


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June 27, 2022, 09:51:00 PM
 #186

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?

Look, I confess this is a complicated and disappointing case.
Unfortunately, depending on the situation, it is necessary to be cautious when it involves money... Even more if the person/employee is a gambler or perhaps a gambling addict.

It is a delicate and isolated situation to resolve.

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June 27, 2022, 10:21:47 PM
 #187

Well, at the end of day it depends on how good or bad gambler person is. Personality makes big role in this discussion and not all employees have same mental health to think rational due to nature of gambling. Someone can run away with my hard earned money after gaining my trust while someone else can use it for personal life without bad purposes. Even if person wanna gamble and ask loan to fund his casino bankroll, I will trust his experience and share with him amount that I can afford to lose.
The truth about this is, its sure to vary per individual. Yeah, it's very difficult to trust anyone, not to even mention a gambler and not just any gambler but an addicted one for that matter to be in charge of your money. Any mistake and yiu can loose all but, its individual based. There are those that see someone else's money as being just that and defines a fine line between themselves and that money and do the most not to cross it. Even in hardship, they dare not see it for a chance to make money off what was put in there care for safe keeping because they have imagined the worst and won't wish to risk it. These sort of individuals once found, there is a greater tendency of entrusting them with your money.

R


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June 27, 2022, 10:35:43 PM
 #188

This story is similar to what I have personally experienced some time ago when I bought a cap for a driver of a taxi and the guy sold my car and gambled with the money without my knowledge. I arrested the driver thereafter but the case has been charged to Court for criminal activity.

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June 27, 2022, 10:55:50 PM
 #189

Well, at the end of day it depends on how good or bad gambler person is. Personality makes big role in this discussion and not all employees have same mental health to think rational due to nature of gambling. Someone can run away with my hard earned money after gaining my trust while someone else can use it for personal life without bad purposes. Even if person wanna gamble and ask loan to fund his casino bankroll, I will trust his experience and share with him amount that I can afford to lose.
In my perspective, If a person ask a loan for me to fund his casino bankroll, I would definitely reject him as soon as he told me whether he is a friend/family or good at playing gambling games. It's not because I don't trust him or he has a bad personality, but it's about the responsibleness of a gambler. If a gambler want's to gamble, It is his own responsibility to gamble his own money and not borrow from someone. I've seen someone who borrowed from a loan shark just to gamble but the end result is just a trauma to him.
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June 27, 2022, 10:56:20 PM
 #190

This story is similar to what I have personally experienced some time ago when I bought a cap for a driver of a taxi and the guy sold my car and gambled with the money without my knowledge. I arrested the driver thereafter but the case has been charged to Court for criminal activity.

That's why we have to be careful about trusting our money or assets to other people, because what you have experienced must have been experienced  
by many others as well. Hopefully your experience can be a lesson for all of us, to get to know each person we trust more deeply. Especially in
a situation of economic crisis like now the price of trust becomes expensive, many people betray the trust given to them. Sometimes gambling
addiction can indeed make someone dare to do criminal activities to get money to gamble. Therefore, if we feel we are addicted  to gambling,
immediately go to rehabilitation, so that we don't do stupid things, which will destroy our future.

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June 27, 2022, 11:58:09 PM
 #191

This story is similar to what I have personally experienced some time ago when I bought a cap for a driver of a taxi and the guy sold my car and gambled with the money without my knowledge. I arrested the driver thereafter but the case has been charged to Court for criminal activity.

That's why we have to be careful about trusting our money or assets to other people, because what you have experienced must have been experienced  
by many others as well. Hopefully your experience can be a lesson for all of us, to get to know each person we trust more deeply. Especially in
a situation of economic crisis like now the price of trust becomes expensive, many people betray the trust given to them. Sometimes gambling
addiction can indeed make someone dare to do criminal activities to get money to gamble. Therefore, if we feel we are addicted  to gambling,
immediately go to rehabilitation, so that we don't do stupid things, which will destroy our future.

some gamblers really do the desperate move if they are caught in a tight situation. they may not want it but because of their desire to gamble or pay their debts, hence, they do it blindly. so maybe, to make sure no situation like this will happen, better be cautious in trusting funds if you know the person is a gambler.
people resort to unacceptable route if they do feel they are out of options. they will be willing to ruin their reputation just for this vice that they can't control of.

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June 27, 2022, 11:59:55 PM
 #192

It depends, because everything has got its limits. One can't be kept aside just because he is into gambling. According to me if I was in a position to give him an opportunity I'll help and observe him closely. If I find him doing something unwanted I'll give a warning. When it comes to financial position, to some extent we can tolerate.

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June 28, 2022, 12:39:52 AM
 #193


I'd say that unless it is an extraordinary case, gamblers should only gamble their own money and do not get involved with the savings or invesments of others. The chances of huge gains are always there, however, some people do not like the idea to bet their hard-earned money to horses or football teams.

A problem gamble could have a second chance, but holding a smaller financial position in case they suffer a relapse...

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June 28, 2022, 12:45:28 AM
 #194

Lets just say that there are some gamblers that can manage money/savings well like no money is missing or being taken but still you shouldn't trust a gambler with your money/savings even if you are very sure that he/she is trusted. I don't know if there's a saying that goes like this "A gambler is always a gambler" but what I can say about that is very true. If you have a company and you just found out that one or two of your employee is a gambler then I surely won't place them on finance position. If there is a gambler that you know and you can trust him/her 100% that you are sure that he/she won't steal money from you then why not trust him/her (even if you trust a person that you know completely but still there are some people that you really can trust but in the end there's a chance that he/she will steal from you before you will know it).
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June 28, 2022, 12:52:31 AM
 #195

It depends, because everything has got its limits. One can't be kept aside just because he is into gambling. According to me if I was in a position to give him an opportunity I'll help and observe him closely. If I find him doing something unwanted I'll give a warning. When it comes to financial position, to some extent we can tolerate.
I think you are a wise person. Well, it's true that when we find our employees who like to gamble and cause a lack of responsibility for the work that has been given to them, giving a warning beforehand is indeed a good step. because sometimes people can change. by giving warning and little tolerance to a certain extent. is expected to make the employee change for the better. even though the opportunity is small but we deserve to give it a chance. It is very difficult to find people who can be trusted. not only because he is a gambler but from ordinary people who do not gamble, it is still difficult to judge correctly. let alone trust it with our financial management. I myself will only entrust financial management to employees who have worked for a long time and we really know their characteristics. although it may take years to find out. So I don't think I'll include new people, be it a gambler or a non-gambler.

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June 28, 2022, 01:44:27 AM
 #196

Lets just say that there are some gamblers that can manage money/savings well like no money is missing or being taken but still you shouldn't trust a gambler with your money/savings even if you are very sure that he/she is trusted. I don't know if there's a saying that goes like this "A gambler is always a gambler" but what I can say about that is very true. If you have a company and you just found out that one or two of your employee is a gambler then I surely won't place them on finance position. If there is a gambler that you know and you can trust him/her 100% that you are sure that he/she won't steal money from you then why not trust him/her (even if you trust a person that you know completely but still there are some people that you really can trust but in the end there's a chance that he/she will steal from you before you will know it).
it's a really painful thing when the person you really trust, stabs you in the back...

recently there was a case in my city, where a parking guard used his unpaid parking money to play slots as a result he got a big loss and ran out of all money. gambling has a strong appeal, people will definitely use the money in their hands to play without caring where the money comes from and what the money is for.



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June 28, 2022, 02:01:09 AM
 #197

I had a bad experience almost similar to this thread though it is about Investment and Loan, A friend of mine (in which close to me since Secondary grade) that approach me if I wanted to invest in a Small business Him and His Wife conducting that i come to agree(not asking His wife if this is true and legit because I trust the man) but after giving the funds and checking the business i totally believe about the project but it ended up that He is only using his friend business to make as front for me to invest but the truth is? they are both addicted to gambling and that business is losing its capital.
so it end up My friend has a  loan from me that until now? never come back.

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June 28, 2022, 02:37:05 AM
 #198

I had a bad experience almost similar to this thread though it is about Investment and Loan, A friend of mine (in which close to me since Secondary grade) that approach me if I wanted to invest in a Small business Him and His Wife conducting that i come to agree(not asking His wife if this is true and legit because I trust the man) but after giving the funds and checking the business i totally believe about the project but it ended up that He is only using his friend business to make as front for me to invest but the truth is? they are both addicted to gambling and that business is losing its capital.
so it end up My friend has a  loan from me that until now? never come back.

It's better to give away the money to a friend instead of loaning it. That way, at least you only lose your money, and maybe keep the friend.

Money has some sort of power over people. It's a powerful incentive. People literally do anything for money.

It's usually a good strategy to keep your own money separate from friends and family businesses.

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btc78
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June 28, 2022, 03:56:47 AM
 #199

I had a bad experience almost similar to this thread though it is about Investment and Loan, A friend of mine (in which close to me since Secondary grade) that approach me if I wanted to invest in a Small business Him and His Wife conducting that i come to agree(not asking His wife if this is true and legit because I trust the man) but after giving the funds and checking the business i totally believe about the project but it ended up that He is only using his friend business to make as front for me to invest but the truth is? they are both addicted to gambling and that business is losing its capital.
so it end up My friend has a  loan from me that until now? never come back.

It's better to give away the money to a friend instead of loaning it. That way, at least you only lose your money, and maybe keep the friend.
How i wish it is easy to do when the amount borrowed is almost half of your total fund since He is your friend you totally trusted him but after what he does? i don't think that the word Friendship is still intact because it was damaged by fooling and taking advantage of your good friendship .
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Money has some sort of power over people. It's a powerful incentive. People literally do anything for money.
and this is how you can prove who is worth trusting and worth being a friend .
Quote
It's usually a good strategy to keep your own money separate from friends and family businesses.
it use to be an investment but ended up to be a borrowed funds when he lied and did not tell the truth.

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June 28, 2022, 04:26:06 AM
 #200


in real life a gambler would not be able to trust holding a position as finance. it is very risky and the position will be used when the gambler lacks money to gamble. On average it is, but if you are a professional gambler, chances are you can still do your job as finance well. There are many types of gamblers from those who gamble for pleasure, as a necessity and addicted gamblers who end up losing continuously.

Everyone deserves a second chance, but the already troubled Gambler is better kept out of a financial position, there are many other jobs. Financial position will be very vulnerable to be misused.

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