Gambling experience using loan money

[Wexnident]

I know I've advocated it before that loaning for your hobbies and enjoyment is dumb, I've actually done it once or twice in the past, hence why I share it with others and why they shouldn't to it in the first place. The idea is that it isn't even related to the purpose really, just the fact that you have an active loan somewhere is like having a guillotine above your head all the time, that is if you have some shame, which I do. If one didn't have shame in the first place, I reckon they'd just shoulder loans here and there all the time.

I didn't really have pressure myself when spending money, at least, during the time that I spent it, I only felt thrill and enjoyment, which is only a short moment though. After that whenever I remember about the loan I have this chill of trying to think of how I'd pay it. It didn't last long since I've planned it out already, but just the idea that there was a loan in the first place was enough to shake me into not asking for one if possible.

[Mr.suevie]

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.

Well as a gambler nobody is supposed to tell you that gambling is hard and risky because i feel and believe you have been gambling yourself to have had the experience for yourself so going to take loan for such high risk is totally out of the question and it's similar to when someone actually gave you money to buy or hold for them and you willingly used the money to gamble tinking you can add up your interest to the funds whereas you don't the casino's also have other plans with the funds. Such act can put someone into big problem.

[danherbias07]

I have not tried this yet as I have no intention of making gambling part of where I would make money for my daily or monthly needs. It's all just an addition to my joy in watching sports and some casino games to pump my heart up. So I'd never loan anything just for it, it's not too important.

But you may be right, there will be a lot of pressure in using a loan amount to risk it more in the gambling way. I mean, I am already under pressure just knowing I have a loan, what more if I am trying to double it in a risky way?
This is not a recommended method to start gambling, it would still be better if the money will come from yourself and actually a spare to avoid stress and pressure.

[Don Pedro Dinero]

People could play Russian roulette to see if they get it right or if the bullet is there when they pull the trigger and blow their brains out, so what difference does it make?

Borrowing to finish has all the tickets to end badly, and I personally know of one case who to this day has his accounts seized because he used instant loans when he couldn't stop gambling. He lost and to this day he still has money taken out of her paycheck to pay off the debt every time he gets paid.

[Hirose UK]

Taking loans in gambling in my opinion is an act that is very detrimental to ourselves, because in gambling we cannot predict whether we will win or lose, if we win of course there is no problem, but if we lose we feel uncomfortable experiencing something like that.
I think it would be better if we played gambling using our own money, big or small, the money we use feels very comfortable.

[len01]

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.

Im sure that many high-ranking users who have been in gambling for a long time have experienced this and even though they already know the risks are huge, I still do it on the basis of having a job or definite income to pay off loans.
TBH, Im borrowed money several times to gamble but I decided to borrow when I had calculated all the risks I had to accept with my income right then and there. so I continued to gamble as usual because I had no doubts or fear of not being able to return the loan because there was already a definite income that could cover my loan.
but don't do it if you don't have a steady income or don't even do it even if you have a definite job because saving money is more important than continuing to have fun at gambling.

and I once lent money to my friend to gamble and it was actually very risky because when it was due he couldn't return it and was forced to let the money I loaned disappear.
for me lending money or borrowing money is very risky, especially breaking up friendships or close relatives, especially if the money is used for gambling.

[Strongkored]

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.

I once did it, borrowing money to gamble, for me the pressure remains the same when gambling with money not from borrowing, but I also the reason why borrow because at that time I didn't have coins in my wallet while I needed to do it because there was a promotion which I thought was quite interesting, and maybe the pressure will be different when making a loan not based on our ability to repay the loan, I mean we borrow beyond the limit of our ability and the purpose of the loan is to pursue victory which will put very strong pressure especially if the results are not as expected. However, it is highly recommended not to make loans for gambling because often it will be difficult to stop from these activities if the first time it goes well so we think that borrowing will be an alternative to continuing to fund our gambling, by borrowing we can exceed the limit we have set so that later can damage our finances a little.

[Bitinity]

Taking loans in gambling in my opinion is an act that is very detrimental to ourselves, because in gambling we cannot predict whether we will win or lose, if we win of course there is no problem, but if we lose we feel uncomfortable experiencing something like that.
I think it would be better if we played gambling using our own money, big or small, the money we use feels very comfortable.

Depends on ourselves, if we have our own responsibility then it will not be something detrimental. I am going to use myself as example, lets say I took a loan for gambling because I know that I will be able to repay the loan no matter what will be the result in the gambling (win/lose). It is not something wrong or detrimental for me, but it will be something wrong/detrimental if I take a loan while I hope to repay the loan from the gambling (hoping to win). In other words, we should take a look at the case deeper and we should not generalize that all those who take a loan for gambling are all bad. I also do not mean to say that I support taking loan for gambling but of course gambling with our own money that we can afford to lose without taking a loan is obviously better.

[Hypnosis00]

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.

What I feel is that - I can't focus on gambling because what is in my mind is worried about where I can get money to pay my loan if I lose them all.  

That is why - if we are going to gamble, it is better not from a loan or borrowed money so we don't care whatever happens to us. Because if we wanted to earn a profit and grow our financial capabilities, gambling isn't the right place to spend on. It is better to start a small business rather than relying on luck in gambling knowing that our chances it very slim.

[swogerino]

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.

I have only done that once many years ago and the experience is not good.I played all of them on sport betting trying to win money with low odds only to find out that the amount of bad luck intensifies in a huge way when we are playing with borrowed money,may be not for everyone of us but I am sure the same experience is felt by at least 90% of the gamblers who have done so in the past.It is stupid to borrow money to gamble and it is a sign of addiction which means anyone doing it should ask professional help.The interest rate you will pay it,otherwise with the passing of time it keeps increasing and increasing thus making you more in debt than you already are.

[_act_]

What I feel is that - I can't focus on gambling because what is in my mind is worried about where I can get money to pay my loan if I lose them all. 

It is because you are not an addict. If you are a gambling addict, all you will be thinking about is that if you borrow, that you will look for more always to earn from gambling and you will be able to pay back the money. But at the end, you will feel sorry for yourself if you borrow the money and after losing it. Anyone that borrow to gamble is a sign of addiction.

Why would I borrow to gamble? I can not do that, it is not possible. I can gamble but not to the extent that I should borrow money. I hardly spend 2% of my salary on gambling, not to talk of borrowing money for gambling.

[RockBell]

Taking loans in gambling in my opinion is an act that is very detrimental to ourselves, because in gambling we cannot predict whether we will win or lose, if we win of course there is no problem, but if we lose we feel uncomfortable experiencing something like that.
I think it would be better if we played gambling using our own money, big or small, the money we use feels very comfortable.

I can take a loan to address other issues but taking a loan to gamble is not really a call for me also, have seen people especially in my own region placing bets on credit, which I don't think is ideal they always go with the mindset of winning, and the dept keep accumulating and sometimes I blame the betting agents for allowing them to play on credit, playing at your convince with your own money is the best, instead of adding more problems to yourself by loaning to play on dept.

[Mauser]

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.

I never used a loan for gambling, it's one of the worst decisions in my opinion you could do in when playing with money. After losing big in a casino, I borrowed a few times 10 Euros from my friends, but that I wouldn't call a loan. For me a loan is a larger sum of money, where we are going to have to pay interest and the repayment is going to take a long period of time. Such a loan should never be used for gambling or other unnecessary items. Taking out a loan should be the last resort when we are faced with difficulties or an emergency, gambling doesn't really count as either of them. The problem with using borrowed money is that you get used to spending more money that you actually own and once you formed a new habit of living above your means it's hard to get rid of it again. If you already lost your own money in gambling, the chances are high that you are going to lose the borrowed money also. In the end you lost everything and still have to pay back the loan with interest for long period of time.

[Gozie51]

I can take a loan to address other issues but taking a loan to gamble is not really a call for me also, have seen people especially in my own region placing bets on credit, which I don't think is ideal they always go with the mindset of winning, and the dept keep accumulating and sometimes I blame the betting agents for allowing them to play on credit, playing at your convince with your own money is the best, instead of adding more problems to yourself by loaning to play on dept.

Don't blame the betting agent for the irresponsible behaviour of a gambler who is only chasing to beat the house. Off line game houses give credit to customers who have played with them for some time, they do this because they can trace them to their houses or through their friends but motive to such credit facility is because they know that the possibility of winning is very low. Of course no body wants to give you money when they are sure that using the money against them would cause them losses, so they give it to them. I will blame those gamblers who don't set limits to themselves. As a responsible gambler, you are suppose to have your budget for gambling, your playing limit and days of playing of which when they are exhausted, you should wait for another set time and budget bankroll.

[AicecreaME]

Never tried gambling using borrowed money. And despite not experiencing this, I really wouldn't recommend it to anyone because it screams irresponsibility. If you want to gamble, make sure you are capable. Loaning money just for the sake of having fun or hoping you'll profit when you gamble is an irrational move. You should only risk what you can afford to lose and since you don't even have enough money to begin with, therefore you can't really afford to lose it. It will just bring anxiety and trouble to you if ever things go bad.

Why would you prefer to have something to stressed on when you can only live within your means and be relaxed without fearing you'll lose. It's much more peaceful to spend a spare than to borrow and play so you won't have or at least only have minimal regrets if ever things don't favor you.

[Mr. Magkaisa]

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.

     -      It's a bad move to borrow money just to gamble at the casino. And the only one who takes this approach is a gambler with a gambling addiction. And it's not pretty to be honest. If the debt is just a debt, even if you don't gamble, you're only buried in debt, and you're addicted to gambling, so your life will be ruined even more.

And then the person who does this is not in the right mind, imagine they think that if they borrow, they will recover their loss but will only get deeper into debt and will also lead to the limit of lending to a gambler.

[pawanjain]

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.

Although I haven't taken any loan as of yet but the constant pressure of repaying the loan on time is the first and foremost thing that will bug me all the time.
Losing the money from loan will become a bigger loss and will turn out to be a challenge in repayment and not paying on time will just make it more harder.
I don't like being pressurized and these reasons are enough for me not take any loan ever.

[slapper]

Borrowing for gambling, or any other activity, has its own risks. The interest rate and principal amount make it expensive.

High-ranking users asking for gambling loans may suggest a gambling addiction. If you can't pay for your gambling habit with your normal salary, that's a warning sign. The pleasure of the gamble is one thing, but taking out a loan for it is dangerous.

Increased stress? True. The added stress of debt repayment and the interest rate can affect your gaming, potentially leading to hurried and ill-considered actions. It's a hazardous spiral that everyone should avoid

[Josefjix]

I have not tried this yet as I have no intention of making gambling part of where I would make money for my daily or monthly needs. It's all just an addition to my joy in watching sports and some casino games to pump my heart up. So I'd never loan anything just for it, it's not too important.

But you may be right, there will be a lot of pressure in using a loan amount to risk it more in the gambling way. I mean, I am already under pressure just knowing I have a loan, what more if I am trying to double it in a risky way?
This is not a recommended method to start gambling, it would still be better if the money will come from yourself and actually a spare to avoid stress and pressure.

Using loan to bet on games, definitely not appropriate. Gambling alone with your personal funds is risky, talking about taking a loan and using the money to gamble, ofcourse its entirely on a different league. A gambler can never predict what he or she stands to gain or lose in the space, we just have to gran good entries in the gambling proceeds if we would want to succeed.Gambling with utilizing loan money, very risky. I wouldn't advised anyone to try this, it's absolutely not a financial advise, it will definitely drained a gambler to the last core.

[jrrsparkles]

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.

Gambling is form of entertainment so it means there is no guarantee about the financial benefits so let's just put the gambling in the spending category so taking loan and spending the money to buy an expensive food in a 5 star hotel can be compared to it which makes its no sense at all. If you don't have the money to lose on gambling then don't ask money from others to gamble it just double the risk of paying back the loan along with interest.