Gambling experience using loan money

[DoublerHunter]

Well, I have never had a reason to gamble with a loan because the only time I do take out loan is when I am in dire need.
Sincerely, I wouldn't advice anyone to do such unless they have done so before and it was favourable or perhaps they have the trickery up their sleeve on how to turn a minus into a plus.

~snip~

^Indeed, gambling with borrowed money can be risky to any one of us, and it is good to exercise caution and restraint.
Your concern about individuals who repeatedly take loans for gambling reflects a thoughtful approach. Persistent reliance on loans for gambling could indeed indicate addictive behavior. Seeking help from a therapist or counselor can be a valuable step in addressing and overcoming such addictive tendencies. It not only helps the individual but also reduces the burden on their loved ones and society at large.
Encouraging discussions like this can raise awareness about the risks associated with gambling with borrowed money so that possible they know the outcomes.

[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.

How did you know what they are using the borrowed money for? Guessing makes you not to be right.

I’m not trying to become judgemental here but that’s how I can interpret a loan that received using casino account. I saw users on Darkstar loan thread before that receive loan via tip on their casino account while that specific casino has withdrawal fee and wagering requirements. I doubt that the loan money will not be used on gambling purposes or else they should use regular wallet address.

I don’t want to mention names here but you can check it for yourself on Darkstar loan thread.

I saw that too, where they give their stakes account address. In which means that the borrower is playing gamble coming from the loan He borrowed from darkstar. And I had seen it several times, they are many actually not one only.

Well, its their choice anyway, even they do that in the end they never forget their responsibility as a borrower to darkstar. In short they are still responsible for what they owe to lender.

If what this guy(s) you are talking about provided to the lender is an address, how are you able to ascertain and be really sure that the address they provided belongs to stake gambling casino ?, I am asking this because I try to imagine why on earth will anybody borrow money solely to gamble with it..

And again, to put some things in the right perspective, I don't think stake require or have placed any wager requirements from deposits through  tips from other users, I know this because for those of us  who are participating in stake's signature campaign, we get paid through tips into our stake account from the campaign manager, i personally have never had to gamble some part of the bitcoin received before I am allowed to withdraw the rest, I've always been able to withdraw all the bitcoin if I so wish/want .

So if this guys actually received a loan from Darkstar through tip into their stake account, it is possible they can still withdraw it to their private wallet if they want, but the big question is, why didn't they receive the loan in their private wallet directly?..

[ethereumhunter]

Either you borrow money or you are using your own funds for gambling, the gambler will always have positive thoughts of winning the game. There is no gambler that will stake on a game and put it in his mind that he will not win the game if not he wouldn't bet on that game. That's why it is the dumbest thing for a gambler to borrow funds for gambling and thinks that he will win and pay back his loan. Most times our games result turns out the other way from our thought and one will loss. Greed and addiction is what makes such people borrow money for gambling and at the end of the loss,they will regret their actions.

Borrowing money to gamble would never be recommended because we cannot always win from gambling. And when we lose, we still have to be responsible for repaying the loan, whereas if we don't have anything, we still can't repay the loan. Defeat in playing gambling can occur at any time and playing gambling using our own money will not cause more problems because our money is lost because of gambling and not other people's money.

it is part of the critical mindset of a gambler who views gambling as a place where multipliers borrow money from other people in the hope that it can be doubled in gambling on the one hand it is also supported by the level of addiction or even chasing previous losses.
such a critical mindset is very misleading because how is it possible that gambling can give him a win on the one hand it is a business to benefit the casino owner and also he has to bear the risk if the money is lost or lost in gambling. I know maybe most of them just use borrowed money to bet on sports betting which has a bigger chance of winning than casino games but lucky or unlucky is still a major factor in gambling.
so if a gambler borrows money to bet a large amount in the hope of doubling it I think the person is a bit of a fool, except he borrows every now and then a few months just for fun and certainly a small amount.

We recommend that gamblers who are used to having such a mindset change their mindset because, after all, we are just gamblers hoping to win some money. But the casino owner is the owner and he certainly wouldn't want to see the gamblers who play in the casino always win. The owners also know that winning gamblers must have good luck and that luck can't always come their way. So casino owners try to attract more gamblers because many gamblers must lose. At the same time, gamblers who win will be less than gamblers who lose. So, after all, the casino owners earn more than the gamblers.

[kingvirtus09]

Almost majority of the community here in the forum are agreed that applying for loan to gambling only is not a wise thing decision. Which is I also agreed, in fact on this such behavior is only addict gambler can do this actually. It is because for a responsible player in a casino won't do this for sure.
Because several community in the gambling industry always gave reminders to gamble moderately, and do it for fun or entertainment only.

[elevates]

Almost majority of the community here in the forum are agreed that applying for loan to gambling only is not a wise thing decision. Which is I also agreed, in fact on this such behavior is only addict gambler can do this actually. It is because for a responsible player in a casino won't do this for sure.
Because several community in the gambling industry always gave reminders to gamble moderately, and do it for fun or entertainment only.

Yeah everyone would agree on the point that taking out a loan for gambling is a bad. Still gamblers would take a loan then gamble and lose it all. To repay the previous loan they would take out a fresh one. Pay part of the loan then gamble would the left amount. Lose it and fall into debt trap. It is a vicious cycle which never ends causing a lot of pain & shame to everyone related to the gambler. This how families get destroyed because bad money management due to gambling. That is the reason it is always advised to gamble resposibly and gamble with the money that you can afford to lose. Gambling is a form of entertainment and it should be taken in that sense.

[KTChampions]

It's an interesting topic, but I don't think we can see any variety of responses here - it seems obvious to me that people are under extra pressure when they play with borrowed money. Naturally, there are some not quite normal people who do not believe that they can lose, so they feel calm until the moment of failure. Playing for borrowed money is extremely bad, but in fact it is a kind of all in - if a player loses, he loses the collateral under which he took out a loan. In fact, this is not much different from the loss of a deposit.

It is very different.  If the loan is uncollateralized than it will sink you into debt that is sometimes hard to get out of.  I don't think anyone under any circumstance should take out a loan to gamble.  It might ruin your ability to take out a loan when you really need it for something like a mortgage, car, etc.  If ypu can pay it off fast than just wait until ypu have the money.

If the player did not make a collateral (although, as I understand it, these are rare cases) and lost the bet, then this is equivalent to the appearance of a loan that needs to be repaid. Also not very "unique" situation.
All of these are irrational and ultimately unprofitable, but it may be just what allows players to tickle their nerves and get a shot of adrenaline.

[sunsilk]

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.

IMHO, it feels like that you need to grind and should think that you shouldn't run out of luck because you need to pay for it. Because if you lose it all then you know what obligation you'll have to pay.

And on the otherhand, you're also optimistic because this is going to be like a free money if ever you win and hit the jackpot. The reality will make the situation not too complicated because we all know that who does that have to pay for both loan and interest.  

While taking a loan to gamble, but have planned how much to repay and interest to be paid and must have full responsibility for repaying the loan.
But there are also gamblers borrow money to gamble but dont have good control and always borrow money regardless of whether they can afford to repay it back, while gamblers are gambling addicts and dont have a job that can be used as collateral

Basically, you're just saying that there are just two way around when a gambler borrows money and that's true.

And it's normal to think on how much you're going to repay because you've taken a loan. That's pretty much the typical thing to think of because you're obliged to do it.

But at the end of it, you'll get to see how it will impact you as a gambler because it's not a good way to start anything related to gambling if you  will use borrowed money.

[Hypnosis00]

Basically, you're just saying that there are just two way around when a gambler borrows money and that's true.

And it's normal to think on how much you're going to repay because you've taken a loan. That's pretty much the typical thing to think of because you're obliged to do it.

But at the end of it, you'll get to see how it will impact you as a gambler because it's not a good way to start anything related to gambling if you  will use borrowed money.

That's for sure. The fact that you borrow money to gamble already makes you irresponsible. Maybe some people consider taking the journey, and they would borrow money to raise a decent bankroll. However, the moment they lose the money, most of the borrowers will have bigger problems. It's impossible to repay the loan when there are no funds coming from gambling.

So if you promise a lender that you'll be able to pay because you will win in gambling, that's not realistic, as most of the time, we experience losses in gambling.

Just think of this: When a person borrows money for personal wants or needs, that's called bad debt. But when a person borrows money to start a business that will generate income, that's considered a good debt.

[mvdheuvel1983]

Do not gamble with loan money but you can build an offshore online casino with loan money. The two are different.
One is stupid investing, the other is smart investing. Stupid investing gets you in trouble, Smart investing gets money in your pocket. If you don't have your own money to gamble wait until you do to avoid jail, a bad credit score and regrets for an action that could have been avoided by being self-disciplined.

[piebeyb]

Almost majority of the community here in the forum are agreed that applying for loan to gambling only is not a wise thing decision. Which is I also agreed, in fact on this such behavior is only addict gambler can do this actually. It is because for a responsible player in a casino won't do this for sure.
Because several community in the gambling industry always gave reminders to gamble moderately, and do it for fun or entertainment only.

Yes you are right it is wrong behavior and also that most addicts do that, the fact is there is a friend of mine who was an addict he borrowed money from loan sharks and gave his house papers as collateral, after he was due he didn't pay his debt now he lost his house, even his wife and children had to leave the house because of his behavior in giving the loan shark a house guarantee.

Addicts are very difficult to cure because many of what I see around me are mostly bankrupt because of gambling, moreover there are many debts borrowing money everywhere to gamble, but I don't know if they have the desire to stop gambling, because that way they can get out and reduce their addiction, gambling should be responsible so that you can limit your gambling expenses so you don't have to borrow money from anyone.

[Shamm]

Do not gamble with loan money but you can build an offshore online casino with loan money. The two are different.
One is stupid investing, the other is smart investing. Stupid investing gets you in trouble, Smart investing gets money in your pocket. If you don't have your own money to gamble wait until you do to avoid jail, a bad credit score and regrets for an action that could have been avoided by being self-disciplined.

agree with this mate, smart investing is good enough to sustain our daily needs in the  future. While stupid investment will take you down as we all know that if we involve in loaning and the main purpose is to gamble and fulfill our happiness then it will lead us down in the future cause once we loss all that money then we will need to get more money in order to pay it in due date. While in the other hand we borrow money and build a business or let sat build a gambling site then that is a smart move that can earn a lot of money.

[nara1892]

Almost majority of the community here in the forum are agreed that applying for loan to gambling only is not a wise thing decision. Which is I also agreed, in fact on this such behavior is only addict gambler can do this actually. It is because for a responsible player in a casino won't do this for sure.
Because several community in the gambling industry always gave reminders to gamble moderately, and do it for fun or entertainment only.

Yes you are right it is wrong behavior and also that most addicts do that, the fact is there is a friend of mine who was an addict he borrowed money from loan sharks and gave his house papers as collateral, after he was due he didn't pay his debt now he lost his house, even his wife and children had to leave the house because of his behavior in giving the loan shark a house guarantee.

Addicts are very difficult to cure because many of what I see around me are mostly bankrupt because of gambling, moreover there are many debts borrowing money everywhere to gamble, but I don't know if they have the desire to stop gambling, because that way they can get out and reduce their addiction, gambling should be responsible so that you can limit your gambling expenses so you don't have to borrow money from anyone.

Well, cases like this have started to happen to gamblers a lot. It's a stupid thing when they have very high hopes for gambling, in fact I heard from some people that they think that gambling can be used as their main income. How can one get consistent results by relying only on luck in it. But if they are already addicted there is nothing that can stop them, it is even very possible for them to make loans to gamble. Because at any time they have full confidence to get victory from gambling. For me to be honest this is impossible but for those who are already in the addiction phase it is very possible. I am very concerned about what happened to your friend, with this incident I hope they can prioritize self-control more, I understand it is very difficult to be able to stop but to have more wives I think it is possible. Moreover, adding activities every day so that indirectly we forget about gambling.

[Dr.Bitcoin_Strange]

Do not gamble with loan money but you can build an offshore online casino with loan money. The two are different.
One is stupid investing, the other is smart investing. Stupid investing gets you in trouble, Smart investing gets money in your pocket. If you don't have your own money to gamble wait until you do to avoid jail, a bad credit score and regrets for an action that could have been avoided by being self-disciplined.

If every gambler became disciplined, then there wouldn't be any of this sort of drama, but you know some people will still read and receive these kinds of warnings but still go along with their gambling behaviour. Only a responsible gambler can follow instructions that do not lead them to an extent where they have to take out loans to gamble. I don't think any normal, responsible gambler would just want to take out a loan and gamble because they want to see if they have any good experience with it.

[salad daging]

Do not gamble with loan money but you can build an offshore online casino with loan money. The two are different.
One is stupid investing, the other is smart investing. Stupid investing gets you in trouble, Smart investing gets money in your pocket. If you don't have your own money to gamble wait until you do to avoid jail, a bad credit score and regrets for an action that could have been avoided by being self-disciplined.

If every gambler became disciplined, then there wouldn't be any of this sort of drama, but you know some people will still read and receive these kinds of warnings but still go along with their gambling behaviour. Only a responsible gambler can follow instructions that do not lead them to an extent where they have to take out loans to gamble. I don't think any normal, responsible gambler would just want to take out a loan and gamble because they want to see if they have any good experience with it.

A disciplined gambler: he will know which money to use to play of course the cold money he has, he will listen to the advice of others to go on a straight path, but he is for the pleasure of gambling of course the bonus money used is not borrowed money.

For people who are responsible when gambling, of course, choose with a smaller risk, the matter of losing it is clear but if the goal is only for the sake of fun then losing any amount will not be a problem because it is extra money they use.

[Mr. Magkaisa]

     -     I just noticed in the community here on this forum platform that when it comes to crypto, there are so many active gamblers who show concern for their fellow gamblers for playing gambling, which does not prevent you from playing as long as you don't come from debt the one you will play.

I salute you my fellow gamblers, this is just to show that there are many responsible gamblers here on this platform that somehow you can show how to be an example of being a good gambler. I agree with what you are passionate about.

[klidex]

Do not gamble with loan money but you can build an offshore online casino with loan money. The two are different.
One is stupid investing, the other is smart investing. Stupid investing gets you in trouble, Smart investing gets money in your pocket. If you don't have your own money to gamble wait until you do to avoid jail, a bad credit score and regrets for an action that could have been avoided by being self-disciplined.

If every gambler became disciplined, then there wouldn't be any of this sort of drama, but you know some people will still read and receive these kinds of warnings but still go along with their gambling behaviour. Only a responsible gambler can follow instructions that do not lead them to an extent where they have to take out loans to gamble. I don't think any normal, responsible gambler would just want to take out a loan and gamble because they want to see if they have any good experience with it.

A disciplined gambler: he will know which money to use to play of course the cold money he has, he will listen to the advice of others to go on a straight path, but he is for the pleasure of gambling of course the bonus money used is not borrowed money.

For people who are responsible when gambling, of course, choose with a smaller risk, the matter of losing it is clear but if the goal is only for the sake of fun then losing any amount will not be a problem because it is extra money they use.

But for me there's nothing wrong with borrowing money to gamble as long as it doesn't exceed my limits like I sometimes gamble borrowing my friend's money in amounts of 10$ or 40$ maybe very small but if I use it to gamble on fiat it will give quite a long betting session like poker game at least 1 hour last.
But even though the amount is very small for gambling, I can afford to return it with the money I work in the real world and I don't do it too often, only a few times in a few months so I don't cross the line of my ability to return.
Unless borrowing a large amount, for example $ 500, is not recommended because for me the amount is very large and it is difficult to return it because the salary from work may not be able to cover the loan.

[summonerrk]

Gambling with borrowed money is a frequent phenomenon among those players who cannot control themselves, because those who can, will never play for money that does not belong to them. This is a kind of indicator of the player's condition. In many stories of players, there are descriptions that they borrowed money, often later becoming victims of death threats to life. And what's terrible, there are stories when a player borrowed so much money (and lost everything) that when life is threatened, he is passive.
That is, he even wants to be dealt with, and in my opinion this is terrible.

Therefore, there is a golden rule among traders and conscious gambling players - to trade /play only with your own money. It is forbidden to win back at the casino or betting on other people's money.

[rahmad2nd]

Almost majority of the community here in the forum are agreed that applying for loan to gambling only is not a wise thing decision. Which is I also agreed, in fact on this such behavior is only addict gambler can do this actually. It is because for a responsible player in a casino won't do this for sure.
Because several community in the gambling industry always gave reminders to gamble moderately, and do it for fun or entertainment only.

As it should be, it would be highly discouraged to borrow money just to fulfill our desire to gamble. So, naturally, most of the community agrees that applying for gambling loans is not a wise decision. although, even if someone is a very reliable gambler. it's only natural, if no one will suggest something that will eventually plunge others, in the community. but in practice, it's not uncommon for someone to borrow money to fulfill their desire to gamble. I mean, for in our community

The point is, what you say is something true. however, it is possible that some of us make loans to gamble. no problem, as long as they are responsible with the risk. moreover, if someone is aware and knows with every risk he takes. most importantly, they didn't do anything reckless by borrowing big money just to gamble. but still, if possible, it is highly not recommended to make loans just to fulfill his desire to do gambling.

[Quidat]

Do not gamble with loan money but you can build an offshore online casino with loan money. The two are different.
One is stupid investing, the other is smart investing. Stupid investing gets you in trouble, Smart investing gets money in your pocket. If you don't have your own money to gamble wait until you do to avoid jail, a bad credit score and regrets for an action that could have been avoided by being self-disciplined.

If every gambler became disciplined, then there wouldn't be any of this sort of drama, but you know some people will still read and receive these kinds of warnings but still go along with their gambling behaviour. Only a responsible gambler can follow instructions that do not lead them to an extent where they have to take out loans to gamble. I don't think any normal, responsible gambler would just want to take out a loan and gamble because they want to see if they have any good experience with it.

A disciplined gambler: he will know which money to use to play of course the cold money he has, he will listen to the advice of others to go on a straight path, but he is for the pleasure of gambling of course the bonus money used is not borrowed money.

For people who are responsible when gambling, of course, choose with a smaller risk, the matter of losing it is clear but if the goal is only for the sake of fun then losing any amount will not be a problem because it is extra money they use.

But for me there's nothing wrong with borrowing money to gamble as long as it doesn't exceed my limits like I sometimes gamble borrowing my friend's money in amounts of 10$ or 40$ maybe very small but if I use it to gamble on fiat it will give quite a long betting session like poker game at least 1 hour last.
But even though the amount is very small for gambling, I can afford to return it with the money I work in the real world and I don't do it too often, only a few times in a few months so I don't cross the line of my ability to return.
Unless borrowing a large amount, for example $ 500, is not recommended because for me the amount is very large and it is difficult to return it because the salary from work may not be able to cover the loan.

Everything should really be in limit on which it is really just that right that you should  really be that mindful about your gambling spending because people do usually mess up on the time that they would really be going above the border line which its never been that ideal because you are the ones who do mess up your own life on having this kind of behavior on which its a must avoided thing in the first place.Gambling is for fun but you shouldn't really be tolerating yourself on playing out on something which doesnt have limits because you are the ones who would be making up your life miserable on the time that you do find yourself having no funds or money left.This is the primary problem on which most gamblers do facing on on which they do mess up their finances because of having no control when it comes to spending because they are pushing up their luck on trying out to make themselves that rich because of gambling which it is really just that a bullshit idea.

[DaNNy001]

Well, I have never had a reason to gamble with a loan because the only time I do take out loan is when I am in dire need.
Sincerely, I wouldn't advice anyone to do such unless they have done so before and it was favourable or perhaps they have the trickery up their sleeve on how to turn a minus into a plus.

~snip~

^Indeed, gambling with borrowed money can be risky to any one of us, and it is good to exercise caution and restraint.
Your concern about individuals who repeatedly take loans for gambling reflects a thoughtful approach. Persistent reliance on loans for gambling could indeed indicate addictive behavior. Seeking help from a therapist or counselor can be a valuable step in addressing and overcoming such addictive tendencies. It not only helps the individual but also reduces the burden on their loved ones and society at large.
Encouraging discussions like this can raise awareness about the risks associated with gambling with borrowed money so that possible they know the outcomes.

Gambling with your own money is very high risk then not to talk of borrowed funds, well I have one simple logic which I follow and that's everyone has their way to follow and that's why I feel throwing all these advice is not necessarily needed because the worst set of person to actually take your advice will be the addicted person.

I have friends who just can't stop gambling and this has lead them to be obsessed with the habit that any Advice you give is just like void noise in his ears so I just tell straight that experience is actually the best teacher.