Gambling experience using loan money

[Cling18]

I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

Being responsible with your finances is key, regardless of whether you borrow or not. If you decide to take out a loan and engage in gambling or other activities, always have a well-thought-out plan to ensure you can repay the loan. Whether you use the money for trading, casino visits, or necessities like food, remember that timely repayment is crucial to maintain financial stability and avoid unnecessary stress. It's wise to balance your entertainment and financial goals and never gamble with funds you cannot afford to pay back.

Borrowing is fine as long as you can pay for it but if you are going to borrow and fully depend on the possible income that you can get in gambling then that’s too risky since gambling profit is not guaranteed and you might lose the money you borrow so it’s not advisable. I’ve done this before and I lose the money fortunately, I still have the funds to repay my debt. I agree that being responsible is the key, this is gambling and you should gamble based on your financial capacity.

When borrowing for gambling, you have to make sure that you won't be expecting high wins before you're able to pay for it. You have to be ready for the possibilities and must have spare source of funds to pay for it because we all know the risks that gambling could give. We might have unexpected losses so we shouldn't rely on the result before being able to pay for it.
Being responsible when it comes to borrowing is necessary or else, we could face difficulties and consequences in the end. As much as possible, we must avoid borrowing for gambling and only gamble using the funds that we can afford to lose.

[DoublerHunter]

I knew that there's many topic like this in the past that asking advice about loaning for gambling. The intention of this thread is determined what's the actual feeling when you are using a loan money on gambling knowing that there's an interest rate on your borrowed money which means you already lose part of your money before you start gambling.

I saw many high rank users here that asking for loan and directly deposit the loan amount on gambling account. I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

^ That is a bad decision, why?
Firstly, the act of using a loan for gambling can intensify the pressure and stress during gameplay. Knowing that you not only have to win back what you wagered but also cover the interest on the loan can create a heightened sense of urgency and desperation. This added pressure may lead to impulsive and irrational decisions, which are often counterproductive in gambling.
Secondly, by using loaned money, you are essentially starting the gambling process already at a loss due to the interest on the borrowed funds. This means that even if you win some money during your gambling session, you may still end up losing overall because you have to repay the loan along with the interest. This can lead to a vicious cycle of borrowing more money to cover previous losses, which can quickly spiral out of control and result in significant debt. So now what do you think?

[Wakate]

I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

Being responsible with your finances is key, regardless of whether you borrow or not. If you decide to take out a loan and engage in gambling or other activities, always have a well-thought-out plan to ensure you can repay the loan. Whether you use the money for trading, casino visits, or necessities like food, remember that timely repayment is crucial to maintain financial stability and avoid unnecessary stress. It's wise to balance your entertainment and financial goals and never gamble with funds you cannot afford to pay back.

Borrowing is fine as long as you can pay for it but if you are going to borrow and fully depend on the possible income that you can get in gambling then that’s too risky since gambling profit is not guaranteed and you might lose the money you borrow so it’s not advisable. I’ve done this before and I lose the money fortunately, I still have the funds to repay my debt. I agree that being responsible is the key, this is gambling and you should gamble based on your financial capacity.

When borrowing for gambling, you have to make sure that you won't be expecting high wins before you're able to pay for it. You have to be ready for the possibilities and must have spare source of funds to pay for it because we all know the risks that gambling could give. We might have unexpected losses so we shouldn't rely on the result before being able to pay for it.
Being responsible when it comes to borrowing is necessary or else, we could face difficulties and consequences in the end. As much as possible, we must avoid borrowing for gambling and only gamble using the funds that we can afford to lose.

For me, I don't even know why a person will have to go and borrow me to play bet when we know how risky it is for one to borrow me to gamble. Gambling is a big risk and some persons still see it as a game of luck where one is take small risk to win high amount of money. Even bet has multiple gains when we are going to win. It is very important for us to weigh our risk before we going into gambling or borrowing money to bet. The risk is very high and we need to understand the kind of risk we are taking before going into it. It is just like a person that is trying to use $10 to win $5 million dollars. How possible could this ever be?

[kamvreto]

I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

Being responsible with your finances is key, regardless of whether you borrow or not. If you decide to take out a loan and engage in gambling or other activities, always have a well-thought-out plan to ensure you can repay the loan. Whether you use the money for trading, casino visits, or necessities like food, remember that timely repayment is crucial to maintain financial stability and avoid unnecessary stress. It's wise to balance your entertainment and financial goals and never gamble with funds you cannot afford to pay back.

Borrowing is fine as long as you can pay for it but if you are going to borrow and fully depend on the possible income that you can get in gambling then that’s too risky since gambling profit is not guaranteed and you might lose the money you borrow so it’s not advisable. I’ve done this before and I lose the money fortunately, I still have the funds to repay my debt. I agree that being responsible is the key, this is gambling and you should gamble based on your financial capacity.

When borrowing for gambling, you have to make sure that you won't be expecting high wins before you're able to pay for it. You have to be ready for the possibilities and must have spare source of funds to pay for it because we all know the risks that gambling could give. We might have unexpected losses so we shouldn't rely on the result before being able to pay for it.
Being responsible when it comes to borrowing is necessary or else, we could face difficulties and consequences in the end. As much as possible, we must avoid borrowing for gambling and only gamble using the funds that we can afford to lose.

Borrowing to gamble is ridiculous in my opinion. While not expecting high wins, this is a very risky choice. especially if you don't have a source of reserve funds, borrowing only becomes a new burden to pay new bills and you still don't get a profit. Borrowing to trade may still make sense, but borrowing to gamble is a ridiculous thing that is only fraught with risk.

[Cantsay]

I have not seen and heard anyone asking or used loan for gambling but I have seen and heard in this forum that someone asked if he can used loan for investment and not gambling. Op I ask you to bring the high rank user who used loan for gambling.

Although it's not a frequent habit but if you scroll through the lending board or some dedicated lending thread you'll notice that some might not state it directly since it will discourage the lender from giving out a loan to them but if you track their transactions on the blockchain you'll notice that sometimes get sent to their gambling address. I don't have any evidence and I don't plan on going through the lending boad for one but this thread^[1]  should give you an idea of what I'm saying afterall we are dealing with gambling here and once it turns into an addiction everything becomes possible.

[1] https://bitcointalk.org/index.php?topic=2643220.0

[robelneo]

Getting a loan for gambling is a sign that you are a compulsive gambler, even if you are capable of paying it and even if you have enough funds you should not get used to getting a loan to gamble, there's pressure to win using money that did not come out of your pocket and if you lose, you lose twice the money you loan and the interest rate, you might end getting more loan to chase your losses because there's always pressure to win back money that you are not comfortable losing.
Once you dip your hands in taking a loan and there are resy people to give you a loan you will always be tempted to try your luck again by taking a loan, and money from a loan cannot be allocated because there's intrerest attach to it.

[Adbitco]

It all depends on the exposure of the borrower because borrowing money that you are able to pay without being worried of if may not affect your gambling at the moment at the cost of placing and losing your bets. Is just like saying I have $200 to gamble at the moment knowing to well that I could get to my shop or work place and make $3000 either before closing or after work closes, that is why they only take loan they know they could overcome the pressure despite on the lost side at least you would be confident enough to pay back without being sad about the lost but, where it may affect the borrower is when you don't have an alternative to pay back maybe the means was to win and pay back the loan amount that is when you could feel very sick whenever you are running lost.

[alastantiger]

I saw many high rank users here that asking for loan and directly deposit the loan amount on gambling account. I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

Loan money should be spent on getting assets that would sure to yield profits and not frivolities like gambling wherein the odds are against you. You are already on the losing side in an adventure where the game is rigged in their favor. Please no one should take out a loan for gambling.  Loan money is just like the devils money once you take it the pressure to pay it back together with the high interest rate may result in health challenges for the gambler who loses such money in gambling.

[macson]

I knew that there's many topic like this in the past that asking advice about loaning for gambling. The intention of this thread is determined what's the actual feeling when you are using a loan money on gambling knowing that there's an interest rate on your borrowed money which means you already lose part of your money before you start gambling.

I saw many high rank users here that asking for loan and directly deposit the loan amount on gambling account. I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

there is a feeling of pressure! that's for sure, everyone who takes loans for risky actions ^{(such as investing, trading and gambling)} must have a very heavy mental burden, because what comes to mind from the borrower is how to return the loan on time, for that borrowing money to gamble is a ridiculous behavior.
recently in my environment, a man was kicked out by his father from home because he borrowed money from a loan shark to gamble, and the stupid man lost so the loan shark continued to terrorize the borrower's family, often people are trapped here, always remember that the money that what you borrow is not your money, never be desperate to borrow money from other people, let alone moneylenders for gambling purposes.

[alegotardo]

I knew that there's many topic like this in the past that asking advice about loaning for gambling. The intention of this thread is determined what's the actual feeling when you are using a loan money on gambling knowing that there's an interest rate on your borrowed money which means you already lose part of your money before you start gambling.

I saw many high rank users here that asking for loan and directly deposit the loan amount on gambling account. I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

In the same way that we can only bet in games of chance the money we are willing to lose, with borrowed money the logic is very similar...
Before someone borrows money, it is necessary to think about how the person will return it if they lose everything in gambling. If the answer to that is something like "I don't know" then you should never borrow the money for that purpose.

However, if the person is sure that next month he will receive payment for a salary or sale, then it is possible to borrow money in order to "satisfy the addiction" without having to wait for the receipt of that money.

In any other situation, gambling with borrowed money is insane. Unfortunately, there are people who borrow money from friends or relatives and hide the true purpose of it, consequently end up losing friends or creating fights within their own family.

[Hispo]

Beyond the obvious stupidity of borrowing money for gambling (assuming the person is going through economical difficulties). I think that gambling with money one does not actually own or has borrowed would only add to the feeling of remorse and disappointment if the gambling sessions go worng and one lose it all to the casino.

On the other hand, if luck is on ones side and one can pay all back quickly, then it could influence on the future behavior of the gambler and getting them used to take even more risks in the future, borrowing even larger amounts of money, eventually we all know how it will end.

I am glad I have never been in such position. I feel for those how have, though.

[dothebeats]

Gambling with loaned funds is outright insanity. You are just digging a grave for yourself because you don't have any guarantees that you will win anything, or even win back what you put in the casino/gambling platform. Better to gamble with something that came from your own money rather than getting it from somewhere else then making a problem out of it.

[n0ne]

Gambling with loaned funds is outright insanity. You are just digging a grave for yourself because you don't have any guarantees that you will win anything, or even win back what you put in the casino/gambling platform. Better to gamble with something that came from your own money rather than getting it from somewhere else then making a problem out of it.

This gonna lead the gambler towards grave for sure. Maybe one in hundred will be successful whereas the majority end up losing the loan amount, and once again starts struggling to repay the loan as well as the interest. I've personally experienced it and when we've got good wallet balance all we do is wager with high amount. Even when we have made good profit the mind never accepts and makes us go for more and end up losing everything. One could learn from experience and many of them will understand only through experience and we need to leave it to their choice on these things.

[stomachgrowls]

I knew that there's many topic like this in the past that asking advice about loaning for gambling. The intention of this thread is determined what's the actual feeling when you are using a loan money on gambling knowing that there's an interest rate on your borrowed money which means you already lose part of your money before you start gambling.

I saw many high rank users here that asking for loan and directly deposit the loan amount on gambling account. I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

Never ever i had this kind of idea in mind on using up loan money to play on gambling thats why i cant really tell precisely on how it would feels like but having that common sense and assuming on what would be the feeling on using up a loan amount on which it is true that on the time you do take the loan then you are already losing considering that you do need to pay up the interest. How much more if you would really be able to lose all of those amounts in gambling? You would really totally be paying up the loan+interest on a due time on which you would really be having a hard time on repaying if you dont have any other source for you to ensure
those payment or due.

On the time that you would be playing then the pressure is there because you would really be mainly having in mind that you should be winning because you would need to pay up a loan plus interest on which it would really be removing all that entertainment or thrill on doing gambling because of that pressure on which its not really that recommended at all on doing so.This is why as much as possible it wont really be that
recommended on doing so because you would really be putting yourself in huge debt because losing plus paying up interest then that sucks.

[acroman08]

I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

oh, there is an additional pressure alright, every bet can be nerve-cracking especially if you keep losing a bet, it also makes you unnecessary riskier bets just to hope that you can get a big win and get back the money you've lost and more, in order to pay back the money you borrowed.

[TelolettOm]

I saw many high rank users here that asking for loan and directly deposit the loan amount on gambling account.

How do you know that the high rank account ask the loan for gambling?
I know that we have some loan services in this forum, there are many forum members asking for loan there. But they never stated the loan for a certain purpose, nor for gambling.

Anyway, if it is true. The high rank asked for the loan because they know well how to earn money from gambling. They mustn't use the loan money if they just speculate in gambling. Basically, it is too risky to use the loan money, but the experts or experienced gamblers can deal with the risks. However, it is just my guess, not sure whether they really can succeed with loan money or not. For me, gambling is gambling, no specific way to always win. Even you are an expert, the chance to lose will be always more than 50%.

Is there additional pressure on gameplay or just the same using regular money without an interest rate.

Of course, when we take a loan, we must expect to earn more money. The loan must have a deadline to repay and have some interest, too. This must bring more pressure to gamblers.

[AmoreJaz]

I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

oh, there is an additional pressure alright, every bet can be nerve-cracking especially if you keep losing a bet, it also makes you unnecessary riskier bets just to hope that you can get a big win and get back the money you've lost and more, in order to pay back the money you borrowed.

for sure, you have adrenaline rush when you are waiting for the results of your bets, if you just loaned the money with high interest. i don't want to put myself in that kinda situation because that's gonna be sick. i have the feeling that those gamblers who put themselves into this situation will gonna throw up once their bets are on the losing end. this is why there are some addicted gamblers who fear for their lives esp if they got the money from gang members. so to avoid such trouble, don't gamble if you have don't have funds to spare with.

[Vaskiy]

I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

oh, there is an additional pressure alright, every bet can be nerve-cracking especially if you keep losing a bet, it also makes you unnecessary riskier bets just to hope that you can get a big win and get back the money you've lost and more, in order to pay back the money you borrowed.

for sure, you have adrenaline rush when you are waiting for the results of your bets, if you just loaned the money with high interest. i don't want to put myself in that kinda situation because that's gonna be sick. i have the feeling that those gamblers who put themselves into this situation

Everyone won't understand the hard part of loan. They have an understanding that gambling will bring us big money. The real thing, it'll bring good money and we should have the right understanding to take break, stop, resume and have our limits. When we make statements it is really easy, but in real time we won't follow it. This makes gambling more riskier, and even more riskier when the money used is out of loan.

[Chikito]

what's the actual feeling when you are using a loan money on gambling knowing that there's an interest rate on your borrowed money which means you already lose part of your money before you start gambling.

I've tried it, definitely going to be nervous. there is a feeling of restlessness when spin or click the button bet. There is also a fear that money lost and never back the capital. So, if someone here wants to take a loan for gambling, I hope you dissuade from now, because there's nothing good about it, you're being chased and under pressure. Even if you win, you will continue it again after the interest back and double it the capital. That circle always spin and stop when you lost your loan money. Better to gambling with free money, which is not used for your needs.

[harizen]

The intention of this thread is determined what's the actual feeling when you are using a loan money on gambling knowing that there's an interest rate on your borrowed money which means you already lose part of your money before you start gambling.

I doubt you will really understand the pressure of just hearing the other thoughts and responses here.

For me, if you don't have any plans on borrowing money just to gamble, then doesn't need to know the actual feeling of it. How can you determine the "actual" feeling if you won't even try it on "actual" in the first place, right?

The better thing to do is, just don't make an attempt to do it not unless you are sure to cover it.

It's fine to borrow money but not for purposes related to gambling.