taking out a loan for a sports bet (UPDATE) + fixed match

[xSkylarx]

You would only get stressed when you do lose your money but its normal rather than on having from both stress which is losing your money and you would need to pay up some loan with those losses which is totally
a disaster if you do have this kind of consideration on handling up things because its never been ideal on taking up some loan just for gambling purposes and it would be more worth if you do make
some considerations like these but if it would be solely be spend for gambling then you are just creating some real big problems ahead on the time  that you would need to repay those amounts.
Dont take loan for gambling purposes.Period.

A person doing this can be addicted into gambling that he didn't thought of the risks if he losses the money he will borrow. Getting a loan just to gamble puts your life at risk not just physically but also mentally because you will definitely experience depression if you lose those money. Recovering from those situation could really be difficult if no one would be willing to help you especially your family to overcome those struggle.

[Nrcewker]

I’m curious how you knew that the match would turn out a certain way first of all? Second off I’m curious if you felt any level of guilt apparently already knowing exactly how the event was going to turn out? I’m not myself I could actually bet on a fixed matched like this.

This usually happens in low leagues specifically .
It’s obvious from the post that OP had already the info about the fixed match for which he placed the bet so smoothly.
If the bookies know about this earlier, then definitely they gonna cancel the betting on that particular event.
Nevertheless what’s passed cannot be changed, so yes OP congratulations on making easy money.
I am also glad that you didn’t take any loan in order to gamble and risk other’s money.
Thanks for listening to community’s suggestions.

[Strongkored]

You would only get stressed when you do lose your money but its normal rather than on having from both stress which is losing your money and you would need to pay up some loan with those losses which is totally
a disaster if you do have this kind of consideration on handling up things because its never been ideal on taking up some loan just for gambling purposes and it would be more worth if you do make
some considerations like these but if it would be solely be spend for gambling then you are just creating some real big problems ahead on the time  that you would need to repay those amounts.
Dont take loan for gambling purposes.Period.

A person doing this can be addicted into gambling that he didn't thought of the risks if he losses the money he will borrow. Getting a loan just to gamble puts your life at risk not just physically but also mentally because you will definitely experience depression if you lose those money. Recovering from those situation could really be difficult if no one would be willing to help you especially your family to overcome those struggle.

This is also one of the reasons, many people out there are struggling with economic problems and often this makes them think about how to get money quickly, one of which is by gambling, especially when the person is so sure of winning, that borrowing money to gamble is no longer a problem for him.

[michellee]

You would only get stressed when you do lose your money but its normal rather than on having from both stress which is losing your money and you would need to pay up some loan with those losses which is totally
a disaster if you do have this kind of consideration on handling up things because its never been ideal on taking up some loan just for gambling purposes and it would be more worth if you do make
some considerations like these but if it would be solely be spend for gambling then you are just creating some real big problems ahead on the time  that you would need to repay those amounts.
Dont take loan for gambling purposes.Period.

A person doing this can be addicted into gambling that he didn't thought of the risks if he losses the money he will borrow. Getting a loan just to gamble puts your life at risk not just physically but also mentally because you will definitely experience depression if you lose those money. Recovering from those situation could really be difficult if no one would be willing to help you especially your family to overcome those struggle.

What comes to my mind when I see someone borrowing money just to play gambling is how he will repay the loan, especially if he has no other income and only depends on winning at the gambling table. It must have been very difficult for him because, after all, he had to win to repay the borrowed money, while he also knew that to win at gambling would never be easy. This is what he will face if he keeps borrowing money. Even though he has income that can be used as collateral to return the money, it will still not be easy because when he borrows, there is a possibility that he will deposit other money to recover his losses.

[btc78]

It's all about the risk and if you trust the insider that much then you can gamble some money but I don't suggest to take any loan just to have a bet like this which is more risky than the ordinary games in gambling. Fixed matches are real, sometimes the coaching staff also planned for this especially if the game didn't affect their status.

You can still bet but it should be money from your saving but not all of it or by pawning some of your unused stuff but never take a loan even if a friend guaranty it, there's still such a thing as a last-minute change of plan I see that happen when they are exposed and your source does not know that there's a change of plan and its too late to change your bet, that's a disaster if that happens to you.

indeed and that is why I prevent looking for gambling when I am broke because the more eager I play is the more chance to lose my Money .
and also Loaning just to gamble is a No No to me ., because the assurance of winning is very tin and the chances of losing is completely there.
I rather stay away of gambling when there is no money than borrow at all.

[Reatim]

If we are talking about Fixed matches then we are also Dealing with Multi risking event here? because you are risking because of gambling , then risking because of borrowed money and the main part is risking because of the fixed match that mostly a scam attempt for a Noob or greedy gamblers?

i am not sure  if playing with this is safer than Fire but using a borrowed money will double if not  triple your chance of being a loser.

So gamble only with your own money and if necessary is that those funds must be your excess money.

[Oasisman]

i am not sure  if playing with this is safer than Fire but using a borrowed money will double if not  triple your chance of being a loser.

What do you mean not sure if playing with this is safer than fire?
Man, there's nothing safe there in the first place. Taking out a loan to gamble is another of level of risk than just plainly gambling with your own money. How much more If you're taking out a loan to gamble to a said fixed match which sounds very shady for exposing it publicly.
There's not a chance of triple of being a loser here to be honest, coz the first time you took the loan intended to place a bet to the said fixed match, means you're already a loser. 

[Reatim]

i am not sure  if playing with this is safer than Fire but using a borrowed money will double if not  triple your chance of being a loser.

What do you mean not sure if playing with this is safer than fire?
Man, there's nothing safe there in the first place. Taking out a loan to gamble is another of level of risk than just plainly gambling with your own money. How much more If you're taking out a loan to gamble to a said fixed match which sounds very shady for exposing it publicly.
There's not a chance of triple of being a loser here to be honest, coz the first time you took the loan intended to place a bet to the said fixed match, means you're already a loser. 

man do you understand what I am saying?  if not then do not quote me for that reason ,  i clearly said that this will multiply the chance of losing and who told you completely that there is a losing to come? there are several claims that they bet and won in Fixed matching and we also have learn that there  are some rigging happening in sports occasion so I believe that we should take some look also in how a gambling world works now , there are instance that betting had been organized with criminal because we are talking about money here and we knew how this will come to reality most of the time.

[Finestream]

Taking a loan for a bet seems way too risky to me, but OP might have a different risk profile.

Gambling in general has a negative expected value in the long term, so it just doesn't make much sense to me to get a loan for it.

OP can of course get lucky and win with the extra money, which would multiply the earnings, but the flip side of that, which would be more probable, is to lose more than everything you have...

One of the the most important things to remember while gambling is to avoid ruin.

Gambling itself is already risky, so if you take a loan for gambling, that will add more risks to it. Good thing if the result will always end up positive, but if you’re not lucky and so you lose everything you bet, I guess that will eventually cause you a lot of troubles. That is why it’s never advisable to take a loan no matter how good you are in predicting, because the result is uncontrolled and it’s the house that always wins, and you can’t beat that fact. However, if you are lucky enough and you were able to hit the jackpot, I think the amount you win would still not compensate on how many years you’ve been losing huge amount in gambling.

[Fatunad]

i am not sure  if playing with this is safer than Fire but using a borrowed money will double if not  triple your chance of being a loser.

What do you mean not sure if playing with this is safer than fire?
Man, there's nothing safe there in the first place. Taking out a loan to gamble is another of level of risk than just plainly gambling with your own money. How much more If you're taking out a loan to gamble to a said fixed match which sounds very shady for exposing it publicly.
There's not a chance of triple of being a loser here to be honest, coz the first time you took the loan intended to place a bet to the said fixed match, means you're already a loser. 

Believing yourself that you could really get fixed matches information is something that you cant really able to obtain unless if you are part of some mafia or big organizations then you would really able to acquire these
things but speaking about on an ordinary day and you do able to see some claiming that these are fixed matches information then better not to believe those things and its true that whenever you  do make use of
your own money and losses then you would really make things even more worst if you do consider on taking up some loan and pushing on the same intent.

[chaser15]

Believing yourself that you could really get fixed matches information is something that you cant really able to obtain unless if you are part of some mafia or big organizations then you would really able to acquire these
things

And OP isn't really sure honestly if that information is legit. If he is really sure, then he should just go ahead and ignore our advice.

It's already clear that the information was just passed by other sources from other sources and so on. OP is not a part of a big group or organization that is involved in the fixed match but rather maybe he was lured to a service of the fixed match which is a paid service.

I hope OP will not always take the bait and be responsible for his future decision.

[LUCKMCFLY]

<snip...>
Anyway, the bet won easily so I couldn't help but feel like I should've taken out the loan...

I do think that you are lucky, considering that you won the sports event by purely basing it on an insider info. Remember, the bet that you are dealing on is so risky that if you were to take out a loan, there is no guarantee that you would win this amount of money even with the insider info.

In gambling, it is always better to be safe than sorry. Preventing a loss is so much better than actually paying for your loan in the event of a loss. Besides, almost all gamblers experience this "paranoia" that they should have betted more money in the process.

Yes, as I said before, this type of games arranged like this reminds me of that Peaky Blinders series where they arrange the bets and decide which horse will win, however, I think I also have the same thought, even if it is a rigged bet and that is fully verified with information that will not fail, it is better to take certain precautions, not to risk everything, because the order of events can change only with the smallest detail and it is a lot of money that can be risked, we have to have that minimum of enough responsibility to have control of what could happen in case it doesn't work out, in the case of the player he was very lucky, but personally I wouldn't do something like that.

[Fivestar4everMVP]

Anyway, the bet won easily so I couldn't help but feel like I should've taken out the loan...

And you also didn't think the other way round?
What if you had taken the loan and the bet end up nothing winning? Would you have posted a sad face here?

We all should avoid ever taking a loan for risky ventures like betting where there is no guarantees,  it is better to lose your money,  you know how to cope with the lose and you have no body adding to your frustration,  but when you lose some one elses money,  you worry about the lose and also worry about how to pay the persons money back.

[Fatunad]

Believing yourself that you could really get fixed matches information is something that you cant really able to obtain unless if you are part of some mafia or big organizations then you would really able to acquire these
things

And OP isn't really sure honestly if that information is legit. If he is really sure, then he should just go ahead and ignore our advice.

It's already clear that the information was just passed by other sources from other sources and so on. OP is not a part of a big group or organization that is involved in the fixed match but rather maybe he was lured to a service of the fixed match which is a paid service.

I hope OP will not always take the bait and be responsible for his future decision.

Mostly this do came from paid services which same as you do said but we know that these informations arent really that sure if its a fixed match information a legit one or just simply a speculation
and those services will really be trying out to claim that it was real when it do really end up on a win which we cant really even assure if its real or not on the first place thats why you should really
be careful on dealing with these type of groups who do claim having those fixed matches information and the most dangerous thing to be done is to take up some loan
for you to make out some bets which it isnt always been recommendable to do so.

[livingfree]

I hope OP will not always take the bait and be responsible for his future decision.

In his last post, he said that;

I agree, nobody should follow my actions. Hopefully I do not have to do it again.

That makes it clear that he has the result and he understands that the risk isn't really worth taking if this plan is being carried out by the others.

It isn't worth taking loans for this reason and if the loaner knows the reason before they hand out the money, they'll not approve anyone on having this reason, to gamble.

[btc78]

Anyway, the bet won easily so I couldn't help but feel like I should've taken out the loan...

And you also didn't think the other way round?
What if you had taken the loan and the bet end up nothing winning? Would you have posted a sad face here?

let him be because it is His decision and this is His money to spare , loan or not? it is His part and his obligation in the future .

But I am not respecting a loan for a gambling that is what my decision is.

We all should avoid ever taking a loan for risky ventures like betting where there is no guarantees,  it is better to lose your money,  you know how to cope with the lose and you have no body adding to your frustration,  but when you lose some one elses money,  you worry about the lose and also worry about how to pay the persons money back.

yups, risking for loan and risking for fixed matching ? this is a total discouragement to mean and gamble.

[Silberman]

thanks for the responses everyone, I am placing bets using my own funds now I just needed to win a few big bets first and both of the matches I posted won

I am glad that you won your bets and that you only used your own money in our to do so instead of taking a loan, however in the OP you express that you think that maybe you should have taken that loan, but you need to understand that there are things that regardless of the outcome should not be done, and taking a loan to gamble with that money is one of those things, it is simply a bad idea to make a bet with money that is not yours, it doesn't matter if you think that it is a sure thing, this is something that must never be done.

[Adbitco]

I will appreciate if you subsequently drops games maybe i will love to try out but i won't go for loan to place a bet. You can initiate it every weekend lets see those lucky winners, next do not go take any loan because this is a game of probability you might win or lose and the probability of you winning is 1 and probability of you losing is 0 and i think you knows what means to your health coupled with taking a loan it might be disastrous to wellbeing which would probably affects your mental faculty. Always learn to bet with the little amount you have and don't apply Greed and much interest.

[ethereumhunter]

let him be because it is His decision and this is His money to spare , loan or not? it is His part and his obligation in the future .

But I am not respecting a loan for a gambling that is what my decision is.

This is what we can do for him. Let him make his own decisions because we have given him the best advice by not taking borrowed money if the borrowed money is only for gambling. He will suffer the consequences later if he ends up taking the loan; if he loses, he will also have to settle it. Taking a loan to play gambling is risky because there is no guarantee that we will win and can return the loan using the winning money.

[Fredomago]

thanks for the responses everyone, I am placing bets using my own funds now I just needed to win a few big bets first and both of the matches I posted won

I am glad that you won your bets and that you only used your own money in our to do so instead of taking a loan, however in the OP you express that you think that maybe you should have taken that loan, but you need to understand that there are things that regardless of the outcome should not be done, and taking a loan to gamble with that money is one of those things, it is simply a bad idea to make a bet with money that is not yours, it doesn't matter if you think that it is a sure thing, this is something that must never be done.

Lucky that he's not a type of addicted gambler who still have a good control inside him, unlike with addicted gambling, where most of the time instinct and aggressions are the factors that pushed them to do things that shouldn't be done while in gambling. Taking loans is a big risk not because you into gambling but more on the side that if you lose your bet the loan money needs to be paid, it will be a pain in your butt finding ways to pay the bills realizing that everything just went to one mistake that will continue to chase you while paying the loan amount.

It's good that afterwards, he realized that it's not good and things like this should not be backup or be followed. Always use spare money when gambling, an amount that you can easily let go.