Who is to be blamed, the gambler or the betting agent

[Mr. Magkaisa]

       -     If I look at the events, it literally seems like the betting agent is the one who is at fault, because even though he knew that the gambler's money was in 2k Nigerian currency, he still allowed him to lend it, we just don't know if he asked the gambler what his job was. that could be the reason for lending it.

But if the betting agent doesn't know the gambler's job, obviously the problem and mistake is clearly the agent's. Because he should not have given the loan if he knew that he had no source of income to pay what was owed to him.

[Negotiation]

It is true that if there is proper legal action in the case of such companies, they will never be able to collect high interest from individuals and it will be possible to eliminate fraud. They steal huge amount of money by scamming. Many are being held hostage and ransom is being demanded from their families. As we have inadequacy of our legal system in terms of prevention, there is a great inaction of our law enforcement forces. Since the law was passed, giving any speech against the ruling and powerful through digital media means that there is a fear of being sued under the digital security act. One party is taking advantage of it this is why the economic development is being hindered and the government has to take the right steps for the proper development of the law.

[len01]

Well, if you can lend a cash advance to your worker so he can pay his debt on the betting agent, then problem solved. However, you cannot guarantee that the same scenario will not happen again especially that you are making things easier for your worker to gamble and lose his money in the end.

For me, I’d say the one at fault here is the gambler itself since he’s not supposed to gamble more than his income. And if by chance he’s just taking advantage from the agent’s offer without the intention to pay, then I must say the gambler is not a responsible and a reliable one especially when it comes to paying off his debt.

This is a risky proposition, lending money to a person that you know is difficult, but doing so to help them paid a debt which was incurred while gambling seems like a bad idea.

As if you were to give them that loan then they could simply quit the next day, get another job at another place and now you will have to be the one spending your time to try to find them, and even if this did not happened now you have created the expectation that if they are in financial troubles you will give them a loan, and if you are not careful they could take you with you on their path to financial ruin.

exactly., and more precisely, do not lend money to anyone, even if its your own employee or someone closest to you because the negative effect of giving a loan to anyone will destroy relationships and on the other hand financially will also be destroyed. I mean when you lend money to your friends, of course, one day you will end your friendship when you can not return the money and you really need the money.
like the case that was written by the OP even though its not clear who is at fault but in the end he will lose his customers for providing loans but taking advantage of the situation even though the gambler can return the money but after that the gambler will no longer bet there. from this problem we can take a valuable lesson that using borrowed money to gamble is not very good and also lending money to gamblers is also not very good in the long run.

[molsewid]

exactly., and more precisely, do not lend money to anyone, even if its your own employee or someone closest to you because the negative effect of giving a loan to anyone will destroy relationships and on the other hand financially will also be destroyed. I mean when you lend money to your friends, of course, one day you will end your friendship when you can not return the money and you really need the money.
like the case that was written by the OP even though its not clear who is at fault but in the end he will lose his customers for providing loans but taking advantage of the situation even though the gambler can return the money but after that the gambler will no longer bet there. from this problem we can take a valuable lesson that using borrowed money to gamble is not very good and also lending money to gamblers is also not very good in the long run.

Is it okay to lend your money in someone who needed it, but the thing is you are entitled to know where could be it went what could be the purpose of their loan and how will they pay you. So that it would not be a problem anymore and it would not make your relationship to that person be broken if something happen, it is your right as a lender to know where it could be use and when it will be sent back.

[maydna]

Is it okay to lend your money in someone who needed it, but the thing is you are entitled to know where could be it went what could be the purpose of their loan and how will they pay you. So that it would not be a problem anymore and it would not make your relationship to that person be broken if something happen, it is your right as a lender to know where it could be use and when it will be sent back.

If they borrow money to buy necessities of life, I will lend it without expecting the money back, especially if he is a person who is truly deprived and finds it difficult to get his daily money. But if he said that he would use his money to gamble, I would say no to him based on how he would pay me the debt if he lost. Even though he insisted that he would win, I still would not lend him the money because it would be difficult for him to repay the loan even if he won. I don't want to wait in uncertainty while he doesn't want to pay off his debt yet and says he wants to double the money to get more. It was something that could not guarantee him winning any time he wanted.

[pawanjain]

Considering the daily wage of ₦‎2000 we can assume that the worker can afford to lose ₦‎1000 in gambling since he had that balance at first place.
So even if he doesn't gamble for 8 days then he will be able to accumulate ₦‎8000 and clear off his debt.
It is both the agent and the worker's fault in this case. Neither the agent should have allowed him credit nor the worker should have played in credit.

[noormcs5]

       -     If I look at the events, it literally seems like the betting agent is the one who is at fault, because even though he knew that the gambler's money was in 2k Nigerian currency, he still allowed him to lend it, we just don't know if he asked the gambler what his job was. that could be the reason for lending it.

But if the betting agent doesn't know the gambler's job, obviously the problem and mistake is clearly the agent's. Because he should not have given the loan if he knew that he had no source of income to pay what was owed to him.

When you give a loan to someone either in the real world or in the form of a gambling balance, you should make sure that the other person is capable of paying it back. If a person has less salary or do not have enough sources to pay back the funds, then I am afraid that it will be difficult to recover the loan.

Now when you are giving a loan to a person to gamble, you are risking even higher because if he loses money in gambling, it would be impossible for him to return the loan. I don't know what was in the betting agent's mind that he decided to give a loan to the gambler 

[len01]

-snip

Is it okay to lend your money in someone who needed it, but the thing is you are entitled to know where could be it went what could be the purpose of their loan and how will they pay you. So that it would not be a problem anymore and it would not make your relationship to that person be broken if something happen, it is your right as a lender to know where it could be use and when it will be sent back.

makes sense. wise advice to give loan to people in need for something important I think its not a problem but if lending money to gamble seems to be a problem. there are lots of cases like this, Im even sure that people around you who gamble using money borrowed from their friend will definitely cut off their friendship because money is something that is very hot.

but different from what the OP said, the problem is with betting agent and gamblers or customers, which the end is related to their work, which has to pay off all credit by borrowing from their boss or other employees at work.

[Jody.Drummer]

makes sense. wise advice to give loan to people in need for something important I think its not a problem but if lending money to gamble seems to be a problem. there are lots of cases like this, Im even sure that people around you who gamble using money borrowed from their friend will definitely cut off their friendship because money is something that is very hot.

Well it's fine if we want to help others by giving some loans, it's a good act to help each other. But we also have to see who the person we are lending to is, I mean if you want to lend money first ask the person who wants to borrow it, ask what the money is for. If indeed the money is for primary needs for something sudden and urgently needed then it doesn't matter but if you give a loan to someone for gambling capital I think it would be better if you don't give it, are you sure your money will be able to return? maybe there are some who believe it but I have experienced that if I give loans easily then the next time they will borrow money again for various reasons, and only us they will choose because in the past it was very easy for them to get loans from us. At that time, I once lost money because they didn't keep their promise to pay their debts. That's right, money is very sensitive by nature and it can ruin a friendship, so I hope that before you give a loan, look at the person first, don't give them a lot of reasons not to pay because not only will you lose money but you will also lose a personal relationship with them.

but different from what the OP said, the problem is with betting agent and gamblers or customers, which the end is related to their work, which has to pay off all credit by borrowing from their boss or other employees at work.

As a result of borrowing too much money for gambling, it is indeed very likely that it will greatly interfere with all one's activities, they will be in debt everywhere including with other coworkers at their workplace. Gambling has led them to new problems in real life, along with many problems related to their main job. I see a lot of gamblers who spend their monthly salary just to pay off their debts, it looks ridiculous. 

[Apocollapse]

As a result of borrowing too much money for gambling, it is indeed very likely that it will greatly interfere with all one's activities, they will be in debt everywhere including with other coworkers at their workplace. Gambling has led them to new problems in real life, along with many problems related to their main job. I see a lot of gamblers who spend their monthly salary just to pay off their debts, it looks ridiculous. 

It's really sad after get a school for 6-12 years, there are still many no brainer people and can't have a critical thinking to face a problem. Internet is really kill a lot people, it's not about crypto casino, but there are many videos that set a ridiculous target e.g. 25 years old you must have $1 Million, 30 years old you must have a big house, nice car and $10 Million etc etc. This make those young people want to achieve such crazy target when they're currently work and earn average wage which is impossible.

[goinmerry]

I don't know what was in the betting agent's mind that he decided to give a loan to the gambler 

Factors might be; regular customer, known person, knows the person financial capability and related factors.

Although technically, regular casino workers are not supposed to give loans or do have the authority to execute such actions not unless they are allowed to do so. Loans always associated with credit checking and if eligible, it would just take a moment to be credited.

Generally, loans in casinos, if there's any, are rare to found.

And I don't even know if there's one exist even on a biggest casino.

[Blitzboy]

      -     If I look at the events, it literally seems like the betting agent is the one who is at fault, because even though he knew that the gambler's money was in 2k Nigerian currency, he still allowed him to lend it, we just don't know if he asked the gambler what his job was. that could be the reason for lending it.

But if the betting agent doesn't know the gambler's job, obviously the problem and mistake is clearly the agent's. Because he should not have given the loan if he knew that he had no source of income to pay what was owed to him.

When you give a loan to someone either in the real world or in the form of a gambling balance, you should make sure that the other person is capable of paying it back. If a person has less salary or do not have enough sources to pay back the funds, then I am afraid that it will be difficult to recover the loan.

Now when you are giving a loan to a person to gamble, you are risking even higher because if he loses money in gambling, it would be impossible for him to return the loan. I don't know what was in the betting agent's mind that he decided to give a loan to the gambler  

Giving loans, whether for gaming or something else, has nothing to do with kindness or charity. Its a cold game of numbers and how people think. You're right that the borrower's ability to pay back should be considered, but do you really think the betting agent doesnt know that?

Here's a secret: the agent might not have wanted the loan paid back at all. Think about how much control, pressure, and power he has over someone who has so much debt that they are buried under it. Its not just about money; its about who has control over your life.

Gamblers, on the other hand, on the edge of danger because they want the highs and lows. And, to be honest? An agent making use of that? Survival of the best is just how things work in the wild.

[Gozie51]

Giving loans, whether for gaming or something else, has nothing to do with kindness or charity. Its a cold game of numbers and how people think. You're right that the borrower's ability to pay back should be considered, but do you really think the betting agent doesnt know that?

To this and the question that you asked, I think the agent knows that he would lose the money to them even if it was borrowed to him. This could be a good reason because the capacity to repayment must be known and maybe the agent decided to influence him to play by offering to borrow the money and later to collect it back. This is just the same with real or physical business where a seller wants to sell off the goods about to spoil by all means and by that time any potential and worthy debtor can get it if influenced or indicate interest to buy even on credit.

[Jody.Drummer]

As a result of borrowing too much money for gambling, it is indeed very likely that it will greatly interfere with all one's activities, they will be in debt everywhere including with other coworkers at their workplace. Gambling has led them to new problems in real life, along with many problems related to their main job. I see a lot of gamblers who spend their monthly salary just to pay off their debts, it looks ridiculous. 

It's really sad after get a school for 6-12 years, there are still many no brainer people and can't have a critical thinking to face a problem. Internet is really kill a lot people, it's not about crypto casino, but there are many videos that set a ridiculous target e.g. 25 years old you must have $1 Million, 30 years old you must have a big house, nice car and $10 Million etc etc. This make those young people want to achieve such crazy target when they're currently work and earn average wage which is impossible.

Actually, to set a target like you said at their age is not ridiculous, as long as they are working towards it. I can say it's ridiculous when they have such a target without any other effort other than their job that earns an average salary. If that's the case, it's like they're sleeping during the day and then dreaming that a miracle will come to them and make them achieve that target. As long as they try to make it happen and do all the things, they can't be said to be ridiculous in my opinion.

[slapper]

makes sense. wise advice to give loan to people in need for something important I think its not a problem but if lending money to gamble seems to be a problem. there are lots of cases like this, Im even sure that people around you who gamble using money borrowed from their friend will definitely cut off their friendship because money is something that is very hot.

Well it's fine if we want to help others by giving some loans, it's a good act to help each other. But we also have to see who the person we are lending to is, I mean if you want to lend money first ask the person who wants to borrow it, ask what the money is for. If indeed the money is for primary needs for something sudden and urgently needed then it doesn't matter but if you give a loan to someone for gambling capital I think it would be better if you don't give it, are you sure your money will be able to return? maybe there are some who believe it but I have experienced that if I give loans easily then the next time they will borrow money again for various reasons, and only us they will choose because in the past it was very easy for them to get loans from us. At that time, I once lost money because they didn't keep their promise to pay their debts. That's right, money is very sensitive by nature and it can ruin a friendship, so I hope that before you give a loan, look at the person first, don't give them a lot of reasons not to pay because not only will you lose money but you will also lose a personal relationship with them.

but different from what the OP said, the problem is with betting agent and gamblers or customers, which the end is related to their work, which has to pay off all credit by borrowing from their boss or other employees at work.

As a result of borrowing too much money for gambling, it is indeed very likely that it will greatly interfere with all one's activities, they will be in debt everywhere including with other coworkers at their workplace. Gambling has led them to new problems in real life, along with many problems related to their main job. I see a lot of gamblers who spend their monthly salary just to pay off their debts, it looks ridiculous. 

lending money to anyone, especially if you don't know their intentions, is just bad business. Why? Because you're setting yourself up for failure, just as you experienced. Now, about this whole 'helping others' narrative, let's get real here: most people are out to serve themselves, not pay back loans. If someone's coming to you for gambling money, you should've seen the red flags immediately

Money is power, and you need to understand that. If you're just going to hand it over without a second thought, well, you're not the sharpest tool in the shed. Forget friendships; if someone wants to gamble, let them find their own capital. I've seen how this game plays out. It's predictable, and you've been played. Next time, think twice before opening your wallet. People should be coming to YOU for opportunities, not handouts

[jostorres]

       -     If I look at the events, it literally seems like the betting agent is the one who is at fault, because even though he knew that the gambler's money was in 2k Nigerian currency, he still allowed him to lend it, we just don't know if he asked the gambler what his job was. that could be the reason for lending it.

But if the betting agent doesn't know the gambler's job, obviously the problem and mistake is clearly the agent's. Because he should not have given the loan if he knew that he had no source of income to pay what was owed to him.

That's the point, the agent shouldn't provide the play now, pay later option for people who don't have any way to repay the loan, he should simply ask for some collateral that he will keep until the gambler returns the money in case he loses all of it right there, and if they manage to win, they should pay the loan back right at that time and take their profit and either leave or gamble with it, and if they lose the borrowed money, they will only get their property when they return the loan.

If the agent follows this pattern, he won't need to chase a gambler just because they borrowed money from him and didn't pay it back because they will have their property that they can liquidate and use the money in case the gambler defaults on him and doesn't show up again to repay.

[Wakate]

Considering the daily wage of ₦‎2000 we can assume that the worker can afford to lose ₦‎1000 in gambling since he had that balance at first place.
So even if he doesn't gamble for 8 days then he will be able to accumulate ₦‎8000 and clear off his debt.
It is both the agent and the worker's fault in this case. Neither the agent should have allowed him credit nor the worker should have played in credit.

Sometimes most of those sporty bet shops normally allow there customers to play free bet and pay later to again there interest. But I think this time, this did not go the way he planned it. Gamblers that know that they don't have the fund to pay for bet should better stay off gambling than taking the risk to bet on credit and pay later. When a gambler accumulated so much credit when they bet and later loses, this could make them to be on the run for a long time before they are seen especially when they don't have the money to pay for the credit bets.

[len01]

but different from what the OP said, the problem is with betting agent and gamblers or customers, which the end is related to their work, which has to pay off all credit by borrowing from their boss or other employees at work.

As a result of borrowing too much money for gambling, it is indeed very likely that it will greatly interfere with all one's activities, they will be in debt everywhere including with other coworkers at their workplace. Gambling has led them to new problems in real life, along with many problems related to their main job. I see a lot of gamblers who spend their monthly salary just to pay off their debts, it looks ridiculous. 

problems like this have often occurred in any part of the country and what is even more ridiculous and very sad is when someone continues to gamble using a credit card or loan money after that unconsciously the bill money is very high and has a very large loan amount someone commits suicide ending his life out of frustration with what he was doing and determined not to be able to return all of the loans and in other threads there were also discussions about this.

I remember some time ago at a large company near my city there was an employee or team from that large company and served as a development team and it was very surprising that he suddenly committed suicide and when investigated it turned out that he had many loans just to gamble and write messages before ending his life if he is unable to bear the burden of the loan.
with this story as an experience for anyone and wherever they are, do not occasionally borrow or receive loans from anyone just to gamble or have fun at gambling because in the long run it has very high risks.

[Jody.Drummer]

makes sense. wise advice to give loan to people in need for something important I think its not a problem but if lending money to gamble seems to be a problem. there are lots of cases like this, Im even sure that people around you who gamble using money borrowed from their friend will definitely cut off their friendship because money is something that is very hot.

Well it's fine if we want to help others by giving some loans, it's a good act to help each other. But we also have to see who the person we are lending to is, I mean if you want to lend money first ask the person who wants to borrow it, ask what the money is for. If indeed the money is for primary needs for something sudden and urgently needed then it doesn't matter but if you give a loan to someone for gambling capital I think it would be better if you don't give it, are you sure your money will be able to return? maybe there are some who believe it but I have experienced that if I give loans easily then the next time they will borrow money again for various reasons, and only us they will choose because in the past it was very easy for them to get loans from us. At that time, I once lost money because they didn't keep their promise to pay their debts. That's right, money is very sensitive by nature and it can ruin a friendship, so I hope that before you give a loan, look at the person first, don't give them a lot of reasons not to pay because not only will you lose money but you will also lose a personal relationship with them.

but different from what the OP said, the problem is with betting agent and gamblers or customers, which the end is related to their work, which has to pay off all credit by borrowing from their boss or other employees at work.

As a result of borrowing too much money for gambling, it is indeed very likely that it will greatly interfere with all one's activities, they will be in debt everywhere including with other coworkers at their workplace. Gambling has led them to new problems in real life, along with many problems related to their main job. I see a lot of gamblers who spend their monthly salary just to pay off their debts, it looks ridiculous. 

lending money to anyone, especially if you don't know their intentions, is just bad business. Why? Because you're setting yourself up for failure, just as you experienced. Now, about this whole 'helping others' narrative, let's get real here: most people are out to serve themselves, not pay back loans. If someone's coming to you for gambling money, you should've seen the red flags immediately

Money is power, and you need to understand that. If you're just going to hand it over without a second thought, well, you're not the sharpest tool in the shed. Forget friendships; if someone wants to gamble, let them find their own capital. I've seen how this game plays out. It's predictable, and you've been played. Next time, think twice before opening your wallet. People should be coming to YOU for opportunities, not handouts

Well that's right, that's why I say that it's better to ask first about what the money is used for, especially if the person borrowing has a gambling background then most likely the borrowed money will be used for gambling. Many cases like this happen that in the end those who lend money will lose the money and they will not keep the promise to pay the debt. Honestly, this is an experience and a warning for me and maybe for others who don't want this to happen to them.
So the point is gambling has brought a lot of problems, not only for people who gamble or who do it but some of the closest people will also be affected like some of the problems like I experienced this, it's true that it's better to think twice if someone wants to lend money, don't be too kind because it's for the good of all of us including friendly relationships.

[maydna]

Considering the daily wage of ₦‎2000 we can assume that the worker can afford to lose ₦‎1000 in gambling since he had that balance at first place.
So even if he doesn't gamble for 8 days then he will be able to accumulate ₦‎8000 and clear off his debt.
It is both the agent and the worker's fault in this case. Neither the agent should have allowed him credit nor the worker should have played in credit.

Sometimes most of those sporty bet shops normally allow there customers to play free bet and pay later to again there interest. But I think this time, this did not go the way he planned it. Gamblers that know that they don't have the fund to pay for bet should better stay off gambling than taking the risk to bet on credit and pay later. When a gambler accumulated so much credit when they bet and later loses, this could make them to be on the run for a long time before they are seen especially when they don't have the money to pay for the credit bets.

If the person doesn't have a sudden need, he can collect the money to pay off the debt. But when there is a sudden need, he must have a hard time paying off his debts. This is why we should refrain from borrowing money from anywhere, including from sports betting shops, because sometimes we will find it difficult to pay back the debt. Our plans sometimes turn out differently than we expect, so we must accept that we can only gamble if we have money. There is still plenty of time to gamble when we have money, so we don't have to borrow from others. And that is a lesson for us where we have to remember not to go into debt or gamble.