Gambling experience using loan money

[rahmad2nd]

I agree with you here, but some people get careless with loans since it feels like you're playing with someone else's money. Loan can give some people a sense of freedom, like the risk is lower because you aren't losing anything. A day before you didn't have that money and now you do.
Some of them feel like it's an easy way to make money for free. You take a loan, bet it, win and pay the loan back, pocketing the profit. It really looks this simple for many of these players, until they lose it all and the reality hits them in the face like a brick.

In fact, it is not uncommon for gamblers to be tempted to seek or obtain loans just to channel their desire to gamble. after getting loan funds, we usually have high enthusiasm to carry out game sessions. in fact, not a few also had the belief that today we would win. then, pay the loan directly along with the interest. this sense of optimism is present, when we do not have a penny of funds for gambling. therefore, not a few are looking for loans to fulfill their desire to gamble. although some of us are reluctant to borrow and only choose when we have our own funds.

As you said, borrowed money can provide a sense of freedom, because at first we really didn't have the capital to carry out gambling sessions. if lucky, we get a win even repay the loan and have extra money to do the next betting session. but unfortunately, if what we plan is not in accordance with the expected scenario. which in the end, we lose everything and face reality like being hit by a brick with new problems faced to pay the money we have borrowed. ah sometimes it's funny, if I remember the past, I experienced this in the era of land casinos. uniquely, I made it a very memorable and meaningful experience to date. therefore, we do not recommend borrowing money just to fulfill the desire to gamble.

[Blitzboy]

I agree with you here, but some people get careless with loans since it feels like you're playing with someone else's money. Loan can give some people a sense of freedom, like the risk is lower because you aren't losing anything. A day before you didn't have that money and now you do.
Some of them feel like it's an easy way to make money for free. You take a loan, bet it, win and pay the loan back, pocketing the profit. It really looks this simple for many of these players, until they lose it all and the reality hits them in the face like a brick.

In fact, it is not uncommon for gamblers to be tempted to seek or obtain loans just to channel their desire to gamble. after getting loan funds, we usually have high enthusiasm to carry out game sessions. in fact, not a few also had the belief that today we would win. then, pay the loan directly along with the interest. this sense of optimism is present, when we do not have a penny of funds for gambling. therefore, not a few are looking for loans to fulfill their desire to gamble. although some of us are reluctant to borrow and only choose when we have our own funds.

As you said, borrowed money can provide a sense of freedom, because at first we really didn't have the capital to carry out gambling sessions. if lucky, we get a win even repay the loan and have extra money to do the next betting session. but unfortunately, if what we plan is not in accordance with the expected scenario. which in the end, we lose everything and face reality like being hit by a brick with new problems faced to pay the money we have borrowed. ah sometimes it's funny, if I remember the past, I experienced this in the era of land casinos. uniquely, I made it a very memorable and meaningful experience to date. therefore, we do not recommend borrowing money just to fulfill the desire to gamble.

Unfortunately, your experience is all too prevalent in the world of gambling. The two dont really go together like... well, you know.

To begin, remember that gambling is inherently a game of chance. There are methods and strategies to increase your chances of winning, but in the end, the house always wins. This is how gambling establishments make a profit. To believe you can cheat this system, especially with borrowed funds, is, well, optimistic, to put it mildly. And if you go bust, you'll be out more than just your chips; you'll be in the red as well. A double whammy, if you will.

Gambling is enjoyable, even thrilling, but only if you're risking money you can afford to lose. Not with borrowed money that could cause financial disaster if lost. Keep your love of gaming alive, but always gamble responsibly

[ogamibr]

* Just replying the topic name*

Just dont do it, NO, a BIG NO!.

- But Ogami, why, "I found a good way to make profit with it

Well,

No bet is 100%, if you lose you will have less money than when you started, even if you had 0 it would not be a debt.
By losing the bet you will owe.

Only gamble with money you can afford to lose.

Value of a pizza, a coke, a cake, a movie at the cinema.

Be responsible, because your life literally depends on it. Your family.

Debts never bring anything good, gamble with responsibility.n.

[dimonstration]

@OP, What about those people who even sell some of their assets to gamble? Is that not madness? But if they win huge, it will not really be called madness, but the person will now be seen as a risk undertaker (Maybe that's the experience). Other than that, there is no good experience about betting with loaned money;  instead, the person might even be more pressured to gamble at a loss.

This is already different level crazyness on gambling but I knew a lot of people selling their assets just to gamble and in fact one of my friend have this kind of business that lending money on IRL casino while they are asking for asset collateral such as car, luxury jewelry and even title of the house which gives him a lot of profit once the borrower defaulted to pay the loan.

Bit I doubt there’s someone here doing this staff since most of us here is well versed on gambling addiction implications. 

[Pierre 2]

I think taking loans can be viable strategy if you can really profit a lot through gambling OR loan rates being too low compared to your wage/income increases so you can close down your losses. People are "too" scared of taking loans honestly. Loans are important part of capitalism and they exist for many different reasons. When you take a loan you get money directly to payback later on which can be beneficial if currency is experiencing devaluation. Even USD experiences devaluation nowadays so do not be worried my friends.

[klidex]

I think taking loans can be viable strategy if you can really profit a lot through gambling OR loan rates being too low compared to your wage/income increases so you can close down your losses. People are "too" scared of taking loans honestly. Loans are important part of capitalism and they exist for many different reasons. When you take a loan you get money directly to payback later on which can be beneficial if currency is experiencing devaluation. Even USD experiences devaluation nowadays so do not be worried my friends.

What if someone can't pay back a loan because they lose at gambling?
Gambling is always synonymous with luck, no matter what happens and any effort, sometimes we can still lose when luck is away from us and one thing when borrowing money to gamble but not having a job is very dangerous.
Because the guarantee of borrowing money is our job or a job that is sure to make money to be able to return the money, but if you borrow money to gamble but don't have a job, it better not to do it.
Even with the best strategy, a very precise recommendation, don't borrow money to gamble

[BitcoinPanther]

In my opinion, I think it is pretty insane and risky if gamblers are taking loans to fund their gambling activities, the risk is huge as the chances to lose all of the money within a few minutes in a casino is possible whenever a bad streak starts. If the situation were to happen, the gamblers would be in deep financial problem as they would need to repay all of the money loaned to them within a certain period of time.

I agree with you here, but some people get careless with loans since it feels like you're playing with someone else's money. Loan can give some people a sense of freedom, like the risk is lower because you aren't losing anything. A day before you didn't have that money and now you do.

I also agree since a person's minds works in different way, others think that gambling with loaned money, they are using the money of other people and do a gambling spree until their balance is depleted then later they will just realized that they were so foolish to ask for a loan when the time comes that they have to pay for it with an interest.

Some of them feel like it's an easy way to make money for free. You take a loan, bet it, win and pay the loan back, pocketing the profit. It really looks this simple for many of these players, until they lose it all and the reality hits them in the face like a brick.

Yeah, that first situation you stated should be a bliss since gambling with other's money, winning and paying back the lender while pocketing the winning amount is a dream like situation but the reality is that it is seldom to happen but rather these people ends up losing the money and paying the debt with interest.

[Dr.Bitcoin_Strange]

This is already different level crazyness on gambling but I knew a lot of people selling their assets just to gamble and in fact one of my friend have this kind of business that lending money on IRL casino while they are asking for asset collateral such as car, luxury jewelry and even title of the house which gives him a lot of profit once the borrower defaulted to pay the loan.

Bit I doubt there’s someone here doing this staff since most of us here is well versed on gambling addiction implications. 

Yeah, I see cases like that, and it's just a common thing with some gamblers. There were some movies I watched back then when I was still a kid, and some men would sell so many properties to gamblers, and by the time they returned home empty-handed without their property, they began to receive a series of questions from their wives and even ended up having issues. I thought it was just in the movies that most of those things could happen, but it's just something that's happening around me even more frequently. Today I decided to visit a nearby casino. Just to my surprise, the cashier was fighting with one of his customers because the guy gambled without paying. Although he gambled there some times and paid, he has not paid for the last one, and the cashier taught him that since he has paid for the other ones, he will still pay for the last one. Unfortunately, he had no money on him again after some arguments, which resulted in a slight fight.

[Mr.suevie]

In my opinion, I think it is pretty insane and risky if gamblers are taking loans to fund their gambling activities, the risk is huge as the chances to lose all of the money within a few minutes in a casino is possible whenever a bad streak starts. If the situation were to happen, the gamblers would be in deep financial problem as they would need to repay all of the money loaned to them within a certain period of time.

The funny part is that the gamblers never actually feels or know the implications of all this not until they finally gamble away all the money they use in gambling and that's when the feeling of remorse and regret kicks in. Like you said gambling is very risky and dangerous which can collect even the little funds the customer has, and they do go to some extent to even borrow more to gamble.

[o48o]

I am not actually how does it differ from gambling your money for rent etc. In both cases, gambling your rent money and gambling borrowed money you are gambling away money that is budgeted for someone else as in both cases you owe that money. Even if you borrowed directly to gambling, i see using rent money for gambling is perfectly similar to me.

In other case you either lose you collateral, or you might get loan sharks after you. And in other one you might lose your apartment.

[serjent05]

@OP, What about those people who even sell some of their assets to gamble? Is that not madness? But if they win huge, it will not really be called madness, but the person will now be seen as a risk undertaker (Maybe that's the experience). Other than that, there is no good experience about betting with loaned money;  instead, the person might even be more pressured to gamble at a loss.

This is already different level crazyness on gambling but I knew a lot of people selling their assets just to gamble and in fact one of my friend have this kind of business that lending money on IRL casino while they are asking for asset collateral such as car, luxury jewelry and even title of the house which gives him a lot of profit once the borrower defaulted to pay the loan.

This kind of things  also often happens in land-based casino.  I have a friend who is working in a gambling casino and he often witnessed  millionaires selling their cars and other things just to keep their gambling activity.  What surprising is that they are selling them in a very cheap price.  So if someone wanted to buy a very cheap slightly used car or item, they can find it in the lobby of a casino.

Bit I doubt there’s someone here doing this staff since most of us here is well versed on gambling addiction implications. 

If I am not mistaken there are conversations from years ago where someone defaulted due to his gambling addiction, I do not know if he is able to repay it and redeem himself.

[rojan]

Honestly here in my country I'll experience this kind of situation that I'll make a loan from my friend of mine and I used that money to bet in a cock fight which is pretty known ij my country. And then I'll bet and use that money then I'll loss and loss  then when that pay time has come and I don't have enough money to pay because I have a family to feed them I realize that using a loan money to gamble is not a good habits as we all know that once we don't have our luck in our side then all we get is losses.

Gambling with loans from friends is not too risky as there is no interest to be paid on the loan.  But when someone starts gambling with a loan from an organization or a bank, it can be a very dangerous experience form for him. Gambling with loans is risky so no smart person should do it. a healthy person would never do this. this can only be done by those who are deeply addicted to gambling. I never think that gambling with loan money can be a good experience for anyone.  It will be a temporary good experience for him who has good luck and can win in gambling

I don't like gambling with loans. I have seen some people who gamble with loans. After gambling with loans from banks, they lose money and sell their money editors. Gambling is dangerous.  Money has lost wealth. Be careful before gambling. Do not get addicted to gambling. Gambling should be done at leisure. Gambling should never be greedy.  Many problems will be faced.

[coinerer]

Honestly here in my country I'll experience this kind of situation that I'll make a loan from my friend of mine and I used that money to bet in a cock fight which is pretty known ij my country. And then I'll bet and use that money then I'll loss and loss  then when that pay time has come and I don't have enough money to pay because I have a family to feed them I realize that using a loan money to gamble is not a good habits as we all know that once we don't have our luck in our side then all we get is losses.

Gambling with loans from friends is not too risky as there is no interest to be paid on the loan.  But when someone starts gambling with a loan from an organization or a bank, it can be a very dangerous experience form for him. Gambling with loans is risky so no smart person should do it. a healthy person would never do this. this can only be done by those who are deeply addicted to gambling. I never think that gambling with loan money can be a good experience for anyone.  It will be a temporary good experience for him who has good luck and can win in gambling

I don't like gambling with loans. I have seen some people who gamble with loans. After gambling with loans from banks, they lose money and sell their money editors. Gambling is dangerous.  Money has lost wealth. Be careful before gambling. Do not get addicted to gambling. Gambling should be done at leisure. Gambling should never be greedy.  Many problems will be faced.

Gambling on the loan of a person who is completely addicted to gambling and cannot think about anything else then gambling. Knowing that it is high risk, they do not shy away from it.  Because they think that they can win gambling and earn several times the loan amount in this case he will have no problem paying off the loan. They don't want to accept that no one can guarantee winning in gambling and he can also lose his money by losing gambling.

[Docnaster]

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 never heard about people borrowing in order to gamble even online. What I always see and witness that people advice is that you should avoid using money from loan to invest in Bitcoin or other cryptocurrencies. This is my first time of understanding that people used to borrow in order to gamble.

I honestly did not think that that is a good idea because you'll be under an external pressure even more than the pressure of the gambling. This means that you will be double pressured and will not make sane predictions anymore.
However in offline casino I have read where a casino agent borrowed a customer money to play more in their casino.

[ethereumhunter]

I don't like gambling with loans. I have seen some people who gamble with loans. After gambling with loans from banks, they lose money and sell their money editors. Gambling is dangerous.  Money has lost wealth. Be careful before gambling. Do not get addicted to gambling. Gambling should be done at leisure. Gambling should never be greedy.  Many problems will be faced.

It would be riskier for them if they wanted to gamble using borrowed money. They should be gambling using their own money so that they have no obligation to return the money if they lose. It would be a good choice for him and he could also prevent the trouble that could arise if he borrowed money to gamble. Apart from that, he can also gamble calmly and not think too much about getting a win.

[noormcs5]

I don't like gambling with loans. I have seen some people who gamble with loans. After gambling with loans from banks, they lose money and sell their money editors. Gambling is dangerous.  Money has lost wealth. Be careful before gambling. Do not get addicted to gambling. Gambling should be done at leisure. Gambling should never be greedy.  Many problems will be faced.

It would be riskier for them if they wanted to gamble using borrowed money. They should be gambling using their own money so that they have no obligation to return the money if they lose. It would be a good choice for him and he could also prevent the trouble that could arise if he borrowed money to gamble. Apart from that, he can also gamble calmly and not think too much about getting a win.

When I think those who take loan to gamble have one excuse and that is if they don't have any money to gamble. Now their argument is that if we do not have any money how can we gamble and try our luck.

So these people will take loan and hope they will win in gambling and then they will return the loan and keep the profit with them. They know it is risky for them to play with the loan money but they have no other option.

I don't understand why the people who do not have money to gamble think that they are the luckiest people and they want to try their luck?

[Outhue]

I know someone who did this, after using his own money to gamble and lost everything he start going around to loan money from different people, thinking he is one step closer to become a millionaire, why can't gamblers ever learn? You lost everything you had and your brain is still working dead, you don't know that you did something wrong that's why you lost all that money.

This person ended up getting arrested multiple times because he failed to pay back all the people he borrowed money from, he is a well respected person and people never thought he is into gambling, this how cruel gambling can be, I don't how who teach him about gambling that he became so obsessed with gambling.

Now he is regretting his decisions as he is not out of the debt till today, he have to work everyday and pay back what he owe, the only money that remains on him is for food only, imagine that kind of life.

I will always advice against taking loan or borrowing money to invest in anything or the worst part, gambling.

[madnessteat]

~snip~

What makes you think they borrow money to gamble?

I don't think that forum members borrow money to gamble. In my opinion they need money for other purposes. To be honest I think that most forum members are educated enough to realize that gambling on borrowed money is a very stupid thing to do. One of the rules of gambling says that gambling should be played only on free money, which is not sorry to lose. Adhere to this rule and share it with someone you care about.

[Fivestar4everMVP]

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.

Like Oshosondy already mentioned, using a borrowed money gamble is nothing but pure stupidity, and it becomes pure madness if you take a loan and the your sole reason for taking that loan is gamble and playing sports betting with it.
Although we all have our personal strength and weaknesses, there are many who will borrow for whatever reason and feel very comfortable and relaxed even when the payment date for that loan is approaching and they have not raised the money or even have any means of raising the money.

But for my kind of person, it is directly the opposite, one of my biggest weakness is owing some person somewhere money, it doesn't matter what that i borrowed was used for, but as long as I haven't paid it, I hardly have rest of mind, now, imagine I borrow money from someone and use the money to gamble, and then lose the money in the process, that will be suicide, i will never try such, its nothing but stupidity.

[xSkylarx]

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 haven't taken a loan just to gamble, but for sure, those who do it are really out of their minds and just keep thinking of winning so that they can pay back their loan. This is really difficult because you are pressured to make sure you'll win because if not, you'll have a hard time paying it back. Also, I dont want to experience this because, for me, it is very stressful, and I don't want to know how stressful it is. Just imagine if you lose 80% of your money that you borrowed. I don't know what kind of mindset you'll have.