Gambling experience using loan money

[ethereumhunter]

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?

If they don't have money, it's better not to gamble. That is the right argument for them so they don't have to bother borrowing money from other people. It can also prevent them from problems arising after they finish gambling.

But they don't think about that and keep borrowing money from other people to gamble. And it turns out it's true. Many have experienced defeat to the point of spending all their borrowed money. They already understand the risk but still take it, and now, it's up to them to deal with the borrower. People with no money borrow money to gamble because they think that by gambling, they will have money and be able to pay off the debt. But that's not the way because we can't always win in gambling.

[Rabata]

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 always risk in gambling but if gamble with loan money there is extra interest added to the principal which is extra stress for the gambler. A gambler should definitely avoid such habits. There are many gamblers who have won big with borrowed or loan money but if someone else thinks the same way then there is a possibility of big loss because in gambling no one knows how much luck will favor him. It will totally depend on the person what he actually wants to do. If he feels that he has sufficient means to repay the loan even if he loses, then he will not have too much trouble if he gambles with loaned money.

[Mame89]

Wanting to play gambling by way of debt is a very fatal mistake. Because in my opinion, you can pay off debts through gambling when you are given a jackpot/win, but what is certain is that one day you will come back, you keep playing, and when you lose, you will succeed. the decision to borrow again. it could be that you even dare to owe more than before, and in the end, you will lose.

I say this because I have experienced it before. I once owed money to play gambling and once Maxwin. I thought it was enough to pay off all the debts I borrowed from friends, but it was not enough to cover all my debts due to gambling. And in the end, I played the rest of Maxwin again to find another win, but instead, I lost in the end I couldn't pay off my debt. But fortunately, I quickly realized this mistake, until now I can control myself while gambling. Sometimes the mistakes we make in the past become lessons for the future. So, as much as possible avoid debt to play gambling, this is tantamount to trading. It has high risk. So be wise in managing finances for a better future. Gamble smart.

[KaizenJujustsu]

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.

It does not seem practical to use money from loans in gambling. Just imagine the risk of losing the money you borrowed, how will you cover up and pay for those loans? Typically, this will be a repeating cycle until you go bankrupt from debts.

There is this one instance in which one of my relatives is asking for money, which we also suspect he will only use for gambling. It is much better not to tolerate this act because it will only be a cycle for him. Loan over loan just to cover up his losses.

[Jossque]

It is a very bad experience.If you get involved in gambling as well as not doing anything by borrowing money, you will understand the news that this will increase exponentially when you start to lose money.When you play with borrowed money, you will go step by step towards losing and resetting the money because sometimes or usually you will not make healthy decisions because you will bet with that money in different emotions. For this reason, I don't gamble with borrowed money, I don't even shop. If anyone gambles with borrowed money, I think it increases the risk of losing 2-3 times in my opinion. I would not be able to handle this stress, which is important here, not the size / amount of money.

[darewaller]

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.

Gambling is about predicting and there are gamblers who are very confident that they can win. Well, it can happen for real sometimes if they are lucky but if not then they will still lose. Even without loans, many of us are already problematic so how much more if we have them right? Winning can only cause a temporary happiness. We shouldn't get deceived by it because there is still a chance that we can play gambling again and use all the money that we previously won. It could be fine if you already paid your outstanding loans before the tragic event happens. Don't be like the gamblers that I heard sharing their same horrible stories.

[iv4n]

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

I saw how people take loans for gambling as well, online and in real life. We have many topics on the forum about loans, but everything comes down to simple things, and it's about how simple and easy is to take a loan for anything, but the problem appears when a loan needs to be repaid. So before taking a loan for anything people needs to have a plan and a backup plan if needed to repay the loan.

I took many loans in my life, for all sorts of things, and I never had problems with repaying. I guess that once in a while, every person gets in some situation that asks for extra cash, it's simply life for most of us... but taking a loan for fun without any plan for how to return it (or relying on some luck to be able to return the loan) will most likely lead to some bad things.

[Mr.suevie]

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.

Let me tell you the kind of mindset that person would have , the mindset to borrow more again and this time he will not gamble to even win big, his target will be to actually secure the previous loan that he took and before you know it he will be all tangled up in a web of series of loans. Gambling is an habit that's one need not to plan about, it should be actually schedule as fun activities.

[Blitzboy]

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

I saw how people take loans for gambling as well, online and in real life. We have many topics on the forum about loans, but everything comes down to simple things, and it's about how simple and easy is to take a loan for anything, but the problem appears when a loan needs to be repaid. So before taking a loan for anything people needs to have a plan and a backup plan if needed to repay the loan.

I took many loans in my life, for all sorts of things, and I never had problems with repaying. I guess that once in a while, every person gets in some situation that asks for extra cash, it's simply life for most of us... but taking a loan for fun without any plan for how to return it (or relying on some luck to be able to return the loan) will most likely lead to some bad things.

You've managed your loans well; congratulations! It requires discipline and fiscal responsibility. However, the case is not the same for everyone. The rush of borrowing money, especially for non-essential purposes like gambling, often brings along a complacency where the borrower believes luck will sort things out.

People need to understand that loans are financial tools, not tickets to a free money gala. They should be used strategically, like for investments that can generate returns, not for ephemeral pleasure activities that leave them in debt. This is where financial education plays a crucial role. People need to learn not just how to borrow, but how to use and repay their loans efficiently.

[romero121]

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

I saw how people take loans for gambling as well, online and in real life. We have many topics on the forum about loans, but everything comes down to simple things, and it's about how simple and easy is to take a loan for anything, but the problem appears when a loan needs to be repaid. So before taking a loan for anything people needs to have a plan and a backup plan if needed to repay the loan.

I took many loans in my life, for all sorts of things, and I never had problems with repaying. I guess that once in a while, every person gets in some situation that asks for extra cash, it's simply life for most of us... but taking a loan for fun without any plan for how to return it (or relying on some luck to be able to return the loan) will most likely lead to some bad things.

Loans are really helpful services that are available for the common man to meet unexpected needs. As said when we use it for the right need then loan is really a problem solver. It have got additional things to be considered, particularly the interest repayment, collateral and other necessary documentation. However when we take a loan to fulfill another need with perfect calculation it gives us the way to go and keeps us running. When we finish a loan the satisfaction of achieving and settling the loan makes us much happier. I've experienced it, but the same for gambling is like making ourselves get into the trap.

[Davidvictorson]

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.

If this is direct question to me, my reply is that I don't know what it feels like to use loaned money for gambling activities. I think it is an extreme sport. However, I have used loaned money to set up a business. I repaid the loan not with the profit from the business but from my side income.

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

There will be, I don't know but not on everyone because some gamblers can play understand such pressure. And I don't know they all rely on the winnings from the game to pay back the loaned money..

[retreat]

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 using borrowed money is highly not recommended, because we cannot be sure that our game will be profitable or not. If our game is good, maybe we will be able to return the money we borrowed along with the interest, but if the game is not good, it means that we have to pay off the debt with interest and at the same time bear the loss from defeat.
Moreover, people who gamble using borrowed money tend to be impatient and they will be trapped in a cycle of debt to finance their gambling. And because of that, gambling using borrowed money is not recommended.

[Distinctin]

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 depends on the borrower's capacity. Based on my personal experience, I once gambled using borrowed funds, but I didn't feel the pressure during actual gambling because I knew that even if I lost, I would still be able to repay my loan. However, it's not advisable for borrowers who are not realistic or those who do not understand the risks involved in gambling. Some might borrow money because they believe in the phrase 'sure win' and think they'll be able to repay the loan easily. As for me, I have matured enough and learned from my experience.

Regardless of where the money comes from – whether it's from your salary, income from a business, or a loan – it's still the same money you're risking. What's important is that as a gambler and borrower, we have to be responsible at all times to avoid facing any problems in the end.

[CarnagexD]

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 using borrowed money is highly not recommended, because we cannot be sure that our game will be profitable or not. If our game is good, maybe we will be able to return the money we borrowed along with the interest, but if the game is not good, it means that we have to pay off the debt with interest and at the same time bear the loss from defeat.
Moreover, people who gamble using borrowed money tend to be impatient and they will be trapped in a cycle of debt to finance their gambling. And because of that, gambling using borrowed money is not recommended.

Simply put, if you are going to gamble, make sure it is your money plus you have a money in case of emergency. Because making money out of gambling is not consistent and sustainable in the long run and long term basis. What will happen if you lose all your borrowed money? How are you going pay for it? Are you going to borrow again from another lender, risk it all again until you make a win? And then you created a loop for you to be get in a big debt. It will be like you're only living for the sake of gambling. Well I guess, that's an awful way to live.

[AbuBhakar]

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 using borrowed money is highly not recommended, because we cannot be sure that our game will be profitable or not. If our game is good, maybe we will be able to return the money we borrowed along with the interest, but if the game is not good, it means that we have to pay off the debt with interest and at the same time bear the loss from defeat.
Moreover, people who gamble using borrowed money tend to be impatient and they will be trapped in a cycle of debt to finance their gambling. And because of that, gambling using borrowed money is not recommended.

There’s always an exception to this. Loan money is only not good if you don’t have the capability to repay it on time. People like me that rely on salary that given every 5th and 20th of the month find loan very helpful because it can give me the money to use now instead of waiting for the payday.

I don’t do this gambling using loan money but I always purchased using my credit cards  and pay for the small interest if I need the items now since we can’t fast forward time while we can repay borrowed money.

It’s same on gambling if you want to play now while your payday still far away. There’s just some involved here when you become addicted but we are assuming on this discussion that you are a normal gambler that just ask loan for gambling.

[Reatim]

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.

once I did this ( but with small amount from a classmate since we are still in college those days)
trust me mate, the feeling is doubled , the pressure , the risk , the expectation and the frustration once you lose.

this is why I never do the same thing since that day and will never do that forever.

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.

Yeah , seeing in Lending section that some members are wanted to directly send to their gambling site accounts , and also wanted to hear from them as it is something important to be an advise for other gamblers.

[Shinpako09]

I'm not sure how many times I did it, but it was only a handful, more or less than three if I'm not mistaken. The pressure is neutral because I have the opportunity to pay whether I win or lose during that period. It's a different story if I'm not, which, of course, I'm not going to do. I'm not going to plunge myself into the abyss. As they usually say, only gamble with money you can afford to lose.

[xSkylarx]

I'm not sure how many times I did it, but it was only a handful, more or less than three if I'm not mistaken. The pressure is neutral because I have the opportunity to pay whether I win or lose during that period. It's a different story if I'm not, which, of course, I'm not going to do. I'm not going to plunge myself into the abyss. As they usually say, only gamble with money you can afford to lose.

What triggers you to take out a loan? I mean, I'm just curious because even I only take out a loan if I don't have a choice and am in need of money for those important things, but you kind of just decided on that day to take out a loan. Or have you thought of it for a couple of days? Yes, part of it is that you can pay it off, but are you having second thoughts before taking a loan just for gambling?

[rachael9385]

I do believe that before anybody can have the mind of borrowing money to gamble, he or she is thinking that he might win to pay back the loan and have more profits, hope you get my point? I can't say that the gambler is playing for fun because he is very respirate for either the winning, sometimes what causes this things are selfishness, wanting to get money with all potentials, people who uses this strategy loses and they owe all around their neighborhood

[bayu7adi]

I have never been in such a position myself, but I can share a bit about the experience of a coworker who once resorted to gambling with borrowed money.

My colleague, who had a severe gambling addiction, made me ponder the thought that those willing to borrow money just to gamble must be individuals truly devoid of any resources and utterly enslaved by this vice. When I asked him, "Why do you do this?" he replied, "I need a substantial sum of money urgently."

I found myself perplexed by his mindset, as he viewed gambling as a lucrative source of income. This starkly contrasts with my perception, which sees gambling as mere entertainment. He once experienced a significant win from gambling, and perhaps, that single moment drove him to relentlessly pursue a repeat occurrence. Consequently, he ended up putting several valuable assets at stake. I worry about what could happen if he eventually starts a family; it raises concerns for the well-being of his future small household.

To all of you who are addicted to gambling and have depleted your assets, I strongly advise against forcing yourselves into debt in pursuit of fleeting fortune.