Gambling experience using loan money

[ethereumhunter]

Some gamblers ignore the warning because they are desperate to win bigger money. They make wrong decisions about their gambling which only ends up costing them financially. Greed and inability to control gambling urges are some of the reasons why they gamble with borrowed money, but it is a horrible experience to tell.

I have seen several such cases coming from some of my friends. So far I don't want to tell you much about their gambling habits, but they have reached the stage of make loan for gamble and running away from reality to repay the loan.

It is the desire to win bigger money that triggers them to borrow money so they can continue playing gambling and they can even increase the stakes so they can win bigger wins. But that's just a hope that they don't know can come true or will only be a hope but mostly, they will only add to the number of losses that are getting bigger. And it is true that greed will drive gamblers to spend more money than usual and only because they want to win more money but in the end, they will lose more too.

Borrowing money to gamble will not give you more hope of winning. And if they could think about the risks involved, they might think twice or more about borrowing money to gamble.

[1714872269]

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[1714872269]

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[AicecreaME]

Some gamblers ignore the warning because they are desperate to win bigger money. They make wrong decisions about their gambling which only ends up costing them financially. Greed and inability to control gambling urges are some of the reasons why they gamble with borrowed money, but it is a horrible experience to tell.

I have seen several such cases coming from some of my friends. So far I don't want to tell you much about their gambling habits, but they have reached the stage of make loan for gamble and running away from reality to repay the loan.

It is the desire to win bigger money that triggers them to borrow money so they can continue playing gambling and they can even increase the stakes so they can win bigger wins. But that's just a hope that they don't know can come true or will only be a hope but mostly, they will only add to the number of losses that are getting bigger. And it is true that greed will drive gamblers to spend more money than usual and only because they want to win more money but in the end, they will lose more too.

Borrowing money to gamble will not give you more hope of winning. And if they could think about the risks involved, they might think twice or more about borrowing money to gamble.

That's why it all boils down to discipline. If you aren't disciplined enough and you don't plan to become one anytime now or in the future, then don't engage in any gambling activities. Gambling requires not only money, but also enough mental capacity and discipline to handle all temptations that might come into your way the moment you start gambling. If you will fall for the urges and temptations everytime, then you are doomed to fall. It's not an easy process to be a responsible and disciplined person, but you have to be willing to in order to have a good gambling experience.

Gamblers shouldn't let their desire overtake their rational judgment because it will just cause trouble and headache. Additionally, it's more fun to play without thinking anything that might come at you and bother you in the middle of your game or your peaceful sleep at night knowing that you have no obligations to pay other than the necessities.

[borovichok]

Some gamblers ignore the warning because they are desperate to win bigger money. They make wrong decisions about their gambling which only ends up costing them financially. Greed and inability to control gambling urges are some of the reasons why they gamble with borrowed money, but it is a horrible experience to tell.

I have seen several such cases coming from some of my friends. So far I don't want to tell you much about their gambling habits, but they have reached the stage of make loan for gamble and running away from reality to repay the loan.

Taking loans was meant for the purpose of difficult circumstances, but addicted gamblers made different utilization of this opportunity, gambling and wasting their time on it without any beneficial outcome. Ignorance is another thing that have inflicted so much pain on gamblers, they tend to face the repercussions of their actions which always ends in debts. Gambling with loan money is absolutely wrong and never good proceeds. There's always a negative energy that follows that, the scenario is not basically what we should witnessed.

[Wapfika]

Some gamblers ignore the warning because they are desperate to win bigger money. They make wrong decisions about their gambling which only ends up costing them financially. Greed and inability to control gambling urges are some of the reasons why they gamble with borrowed money, but it is a horrible experience to tell.

I have seen several such cases coming from some of my friends. So far I don't want to tell you much about their gambling habits, but they have reached the stage of make loan for gamble and running away from reality to repay the loan.

Taking loans was meant for the purpose of difficult circumstances, but addicted gamblers made different utilization of this opportunity, gambling and wasting their time on it without any beneficial outcome. Ignorance is another thing that have inflicted so much pain on gamblers, they tend to face the repercussions of their actions which always ends in debts. Gambling with loan money is absolutely wrong and never good proceeds. There's always a negative energy that follows that, the scenario is not basically what we should witnessed.

I think the loan which the OP pertains on this topic are those from the forum lending section by user here. They are not asking loan because of difficult circumstances but rather they just want to advance their salary here in the forum so that they can have fun. I don't see any major concern on this case because they have the means to repay the loan amount on time.

This case is different for those gamblers that loan huge amount of money that is already over their salary because they are spending an amount which they don't have the capacity to pay.

[LUCKMCFLY]

~snip~

Well, in the part of loans in the forum, they always request loans , but I had not seen that there they said that it was expressly to play in a Casino, if so, it seems to me a very reckless act to do it, personally I or I would do something like that, the only way I could be in a loan situation is if I have a family emergency, someone in a clinic, something like that, because Otherwise I would refrain from making a loan because it is a high commitment , firstly because of the interest that must be paid, then for the capital to be paid, sometimes I have seen people who can only pay the interest plus not the capital , which is quite hard and difficult, that is why I say a loan for a casino or playing in a casino for i it will never be something viable.

There are People who look for loans for this , and if they do it for me they have to have a very High payment capacity and to tell the truth be quite responsible, at least when I owe something, I am not calm until I pay it, it is something that I have that does not allow me to have peace of mind, perhaps it is the degree of responsibility that each one of us has, because if someone lends money it is because they want to help, then the least that can be done is to pay on time, many things when working with money And in this way things sometimes go wrong, because money makes people change, transform, it's something else, it's something very delicate.

In addition, the fact that money is used for a Casino, it is likely that this money can be lost and quickly, I am not saying that the person loses, but that it is the highest probability that it happens, we must also consider that the person who lends the money You may have some stress and pressure but if you lose that money, then these types of things are what we must take care of ourselves , when we play in a casino sometimes if we have a lot of pressure at least it goes badly for me, because things They don't work out for me , I have to play very Relaxed for things to work out well, that's what I've learned, I don't know if other players are stressed and things Work out for them , but that's what I see.

Dude, I fully understand your complaints on the loans on this forum. It appears that everyone is casually asking for loans, as if they only need a few dollars for snacks. however obtaining a loan to visit a casino? That's insane on another level! You have to admit that casinos exist to separate you from your money. My man, it's a futile endeavor. The house always has the advantage, even if you have some wacky skills or a lucky rabbit's foot

I'm with you on the loan stress. I would detest owing someone money, particularly if it was for a pointless event like a night out at the casino. Money is a sticky situation. People are frequently changed negatively by it. Furthermore, if you're going to steal someone else's hard-earned money, at least be accountable enough to return it. No offense intended, but everyone needs to reassess their priorities

Yes, the truth is, and I have never lent money to play in a casino, in fact I was about to lend, but when I was a novice and thank God I never did, I thought I knew the strategies of craps very well and that he could get a lot of money from gaming platforms, but he was a rookie, with a mind where he saw possibilities where there weren't any, that was a stage where the blows taught one to be a little more mature and have respect about the casino, its games, and learning to lose without losing control because at all times things can be avoided by having good control and especially of money, and managing or trying to manage impulses, because emotions are what it is. something that is very difficult.

But I like to see some things that the players do and try to get the most out of them according to the experiences of others, it is also something that is used to avoid making those mistakes, on one occasion I was about to borrow money here in the forum, however, I did not do it and that was a cause of force majeure, but as I could I managed to solve without having to do it, it is not bad to borrow money, it is a business where you can benefit and solve a problem instantly, but that, afterward, there remains the Commitment to pay the interests+capital on time, and that is something that has to be sacred, there can be nothing more than Clarity.

The players who risk asking for Loans , I consider that they are people who the next day or in the shortest time pay off that loan, but it is what I imagine, if there is a person who does not have the ability to pay, they should not look for loans, because It will simply look bad, it is not advisable, and even less for a casino and betting on it, I consider that irresponsible if it is done by a person who does not have an immediate payment cap, or at least who does not have it within a period of time acceptable, it is about giving advice so that no one falls in that case,  but each person is the owner of their Actions.

[Lanatsa]

Some gamblers ignore the warning because they are desperate to win bigger money. They make wrong decisions about their gambling which only ends up costing them financially. Greed and inability to control gambling urges are some of the reasons why they gamble with borrowed money, but it is a horrible experience to tell.

I have seen several such cases coming from some of my friends. So far I don't want to tell you much about their gambling habits, but they have reached the stage of make loan for gamble and running away from reality to repay the loan.

Taking loans was meant for the purpose of difficult circumstances, but addicted gamblers made different utilization of this opportunity, gambling and wasting their time on it without any beneficial outcome. Ignorance is another thing that have inflicted so much pain on gamblers, they tend to face the repercussions of their actions which always ends in debts. Gambling with loan money is absolutely wrong and never good proceeds. There's always a negative energy that follows that, the scenario is not basically what we should witnessed.

I think the loan which the OP pertains on this topic are those from the forum lending section by user here. They are not asking loan because of difficult circumstances but rather they just want to advance their salary here in the forum so that they can have fun. I don't see any major concern on this case because they have the means to repay the loan amount on time.

This case is different for those gamblers that loan huge amount of money that is already over their salary because they are spending an amount which they don't have the capacity to pay.

If thats the case then i dont really see any problems to it on which they are really that capable on repaying those loans plus those lendors would really be eventually check if they would be granting a specific amount

or whats been asked basing on their weekly pay. So there's really that kind of limitation which they do really have the ability on repaying it on time. I dont see this to be wrong since signature campaign payment isnt really that big or something that you do mind but spending 80-100 bucks per week is still that significant if you are playing on straight 4 weeks and this amount would really be something more useful if you do make it use on other means but well its their money so its their full rights on what they should gonna with those. Having some loans is never been that a bad idea as long you are really that responsible on paying it back
then i dont really see any problems.

If on the time that you are already that taking a loan just because you are planning yourself on getting rich with gambling, then this is where huge problem would really be starting to come out.
Bad decision making due to unrealistic expectations and views would really be leading into disaster if you cant really be able to stop it midway. This is why it would be always that suggested that you should
really be making use of your common sense sometimes. 

[Westinhome]

If thats the case then i dont really see any problems to it on which they are really that capable on repaying those loans plus those lendors would really be eventually check if they would be granting a specific amount

or whats been asked basing on their weekly pay. So there's really that kind of limitation which they do really have the ability on repaying it on time. I dont see this to be wrong since signature campaign payment isnt really that big or something that you do mind but spending 80-100 bucks per week is still that significant if you are playing on straight 4 weeks and this amount would really be something more useful if you do make it use on other means but well its their money so its their full rights on what they should gonna with those. Having some loans is never been that a bad idea as long you are really that responsible on paying it back
then i dont really see any problems.

If on the time that you are already that taking a loan just because you are planning yourself on getting rich with gambling, then this is where huge problem would really be starting to come out.
Bad decision making due to unrealistic expectations and views would really be leading into disaster if you cant really be able to stop it midway. This is why it would be always that suggested that you should
really be making use of your common sense sometimes. 

The lenders only lend the few amount based on their monthly income.So it's the gambler responsibility to keep the loan amount below the monthly income all the time.Then the approval of loan doesn't very complicated one.Some gamblers will use their weekly pay for the gambling which is the best option.So you no need to get loan at the loss,the forum also providing loan for the weekly payment getting people.So you can get the loan of 3 weeks payment with the payment period of 4 weeks.So you don't get into any loss,then you will have the one week payment to balance the interest for the loan.

[GideonGono]

I only experience this when I was in my teenage days, back then the local internet cafe that I used to play or hang out was the main shop that the locals would go to play and have some bets on their games.
Back then I know the players who would have a match so I know how good they were compared to their enemy team so I am sure that they would win, so I borrowed a small amount of money from my friends and bet on that team to earn and the result was actually how I expect it to be.
But other than that I haven't tried to do it again, I would only borrow to invest or gamble if I am sure of that I would succeed.

[ethereumhunter]

That's why it all boils down to discipline. If you aren't disciplined enough and you don't plan to become one anytime now or in the future, then don't engage in any gambling activities. Gambling requires not only money, but also enough mental capacity and discipline to handle all temptations that might come into your way the moment you start gambling. If you will fall for the urges and temptations everytime, then you are doomed to fall. It's not an easy process to be a responsible and disciplined person, but you have to be willing to in order to have a good gambling experience.

Gamblers shouldn't let their desire overtake their rational judgment because it will just cause trouble and headache. Additionally, it's more fun to play without thinking anything that might come at you and bother you in the middle of your game or your peaceful sleep at night knowing that you have no obligations to pay other than the necessities.

And most gamblers have lost discipline when they start gambling because the temptation of gambling can eliminate that discipline. And when the temptation gets bigger while they have lost many times, they decide to take loan money from other people to continue playing gambling. Even though borrowing money from other people cannot guarantee that they will get a win, it can cause more defeats. And they are not aware of it because they want to continue playing gambling and recover losses and get wins.

As long as we can think of gambling as entertainment, it means we are on the right track and won't try too hard in playing gambling. We can also play enough gambling by always paying attention to the duration of playing gambling so that we can adjust when it is time to stop gambling. That will prevent us from experiencing the many problems that might arise when playing gambling or after playing gambling.

[Fredomago]

I only experience this when I was in my teenage days, back then the local internet cafe that I used to play or hang out was the main shop that the locals would go to play and have some bets on their games.
Back then I know the players who would have a match so I know how good they were compared to their enemy team so I am sure that they would win, so I borrowed a small amount of money from my friends and bet on that team to earn and the result was actually how I expect it to be.
But other than that I haven't tried to do it again, I would only borrow to invest or gamble if I am sure of that I would succeed.

A classic mentality when there's a local bet and you really trust the players that will be playing, you will going to try to bet with them even to the extent that you will barrow money as you really believe that they are in the good edge, lucky you as the outcome favor your side, as there are instances that a surprise upset take place. Leaving you with regret and a loan that you needed to pay with your allowance, need to adjust to make sure that you will be able to cover that loan money.

That's why it all boils down to discipline. If you aren't disciplined enough and you don't plan to become one anytime now or in the future, then don't engage in any gambling activities. Gambling requires not only money, but also enough mental capacity and discipline to handle all temptations that might come into your way the moment you start gambling. If you will fall for the urges and temptations everytime, then you are doomed to fall. It's not an easy process to be a responsible and disciplined person, but you have to be willing to in order to have a good gambling experience.

Gamblers shouldn't let their desire overtake their rational judgment because it will just cause trouble and headache. Additionally, it's more fun to play without thinking anything that might come at you and bother you in the middle of your game or your peaceful sleep at night knowing that you have no obligations to pay other than the necessities.

And most gamblers have lost discipline when they start gambling because the temptation of gambling can eliminate that discipline. And when the temptation gets bigger while they have lost many times, they decide to take loan money from other people to continue playing gambling. Even though borrowing money from other people cannot guarantee that they will get a win, it can cause more defeats. And they are not aware of it because they want to continue playing gambling and recover losses and get wins.

As long as we can think of gambling as entertainment, it means we are on the right track and won't try too hard in playing gambling. We can also play enough gambling by always paying attention to the duration of playing gambling so that we can adjust when it is time to stop gambling. That will prevent us from experiencing the many problems that might arise when playing gambling or after playing gambling.

Both points are valid, you'll lost your control and that discipline when you start engaging too much, the best way in treating this activity is always be aware of your action, make sure that you are still in control not to allow your emotion and greed to dominate you in making any decision regarding to your gambling activities.

[SeriouslyGiveaway]

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 already a pretty risky thing to do, but using borrowed money to gamble makes it even riskier. When you use your own money to gamble, it's already stressful, and I don't think we can make the right decisions when we're dealing with borrowed money – that's a lot of pressure. What I've noticed is that many gamblers turn to loans after they've already lost all their money and are trying to recover their losses. But more often than not, this approach leads to even bigger losses and debt.

I have often done this behavior and for me gambling using loan money is the same as gambling using ordinary money because even though I will lose because the loan money has been deducted by interest, at least the amount I borrow and use for gambling is according to my ability to return it.
So there is no pressure whatsoever even if you use loan money but it is not really recommended because the risk is very high when you cannot control yourself borrowing too much which is not in accordance with the amount of income it will add to problems in life.

I think you're mentally strong and have a good strategy, so you might be able to pull this off. Unfortunately, though, most gamblers aren't able to do the same.

[n0ne]

Not many have experienced it. Once out of the urge to gamble I used the loan money for the purpose of gambling. The bad thing is with the buying process. After buying bitcoin for the purpose of gambling once I realised I couldn't have done it. Because there is difference in the buying and selling price. Finally the mind thought of gambling to gain the margin paid addition while buying. Started and things went well and I was able to make profit. I could've stopped there, but I didn't and the same made me loss all the loan amount and it took me years to settle the loan amount along with the interest.

[zaim7413]

But other than that I haven't tried to do it again, I would only borrow to invest or gamble if I am sure of that I would succeed.

Confidence is only limited to the adrenaline produced from positive thinking, you never know the end result before something starts. Borrowing money to gamble or invest has risks that can cause psychological problems when you have difficulty paying it, especially if you borrow money from moneylenders that must be paid on time plus interest. It is necessary to reconsider all the risks associated with using borrowed money to gamble or invest. If the amount is small, it may not have a big impact, but if the amount is large, it will have negative effects that have never been imagined before.

[ethereumhunter]

Both points are valid, you'll lost your control and that discipline when you start engaging too much, the best way in treating this activity is always be aware of your action, make sure that you are still in control not to allow your emotion and greed to dominate you in making any decision regarding to your gambling activities.

And always try to reduce that activity so we can still have control and discipline. However, limiting our gambling activities can keep us sober and not try to follow our emotions and egos, which can cause us to lose more money. And greed will dominate us to continue gambling activities until we really can't control it anymore and fall into the gambling trap. And it will get worse when you play gambling using borrowed money because apart from losing, you must also be able to return the loan money. If not, your life will be in danger because you will be chased by people who lend you money.

[Casdinyard]

Both points are valid, you'll lost your control and that discipline when you start engaging too much, the best way in treating this activity is always be aware of your action, make sure that you are still in control not to allow your emotion and greed to dominate you in making any decision regarding to your gambling activities.

And always try to reduce that activity so we can still have control and discipline. However, limiting our gambling activities can keep us sober and not try to follow our emotions and egos, which can cause us to lose more money. And greed will dominate us to continue gambling activities until we really can't control it anymore and fall into the gambling trap. And it will get worse when you play gambling using borrowed money because apart from losing, you must also be able to return the loan money. If not, your life will be in danger because you will be chased by people who lend you money.

Not necessarily "reduce that activity" although I would recommend it anyway, but the fact that you always have to make sure that everything is in routine behavior. For addicts and people who have already fallen into the gambling addiction spiral, the best way for you to gain your control back isn't to outright stop from gambling, you'd find withdrawal to be your biggest hurdle and enemy. The best thing you could do for yourself is to create a routine first, for how you would manage your gambling sessions, slowly diminish it over time, replacing the time you could've spent gambling with more productive hobbies instead, and gradually you'd find yourself rid of the gambling addiction stink.

Of course this isn't going to work for everyone especially those that have fallen into destructive behavior, but in a general sense, this is one of the best things you could commit to if you really want to stop gambling.

[ethereumhunter]

Not necessarily "reduce that activity" although I would recommend it anyway, but the fact that you always have to make sure that everything is in routine behavior. For addicts and people who have already fallen into the gambling addiction spiral, the best way for you to gain your control back isn't to outright stop from gambling, you'd find withdrawal to be your biggest hurdle and enemy. The best thing you could do for yourself is to create a routine first, for how you would manage your gambling sessions, slowly diminish it over time, replacing the time you could've spent gambling with more productive hobbies instead, and gradually you'd find yourself rid of the gambling addiction stink.

Of course this isn't going to work for everyone especially those that have fallen into destructive behavior, but in a general sense, this is one of the best things you could commit to if you really want to stop gambling.

Yeah, I also thought if they stopped right away, it would confuse their bodies and tell them something was wrong with this. Maybe they can start by slowly reducing their gambling activities so that their bodies and minds can adjust to these gradual changes. And besides gradually reducing their activities, they need to do other activities so that their minds are awake and not thinking about gambling. Over time, if they keep doing their activities routinely and trying to reduce their gambling activities, they will see that they have succeeded in reducing their gambling activities. And finally, they can stop playing gambling and can be free from gambling addiction.

[Fredomago]

Not necessarily "reduce that activity" although I would recommend it anyway, but the fact that you always have to make sure that everything is in routine behavior. For addicts and people who have already fallen into the gambling addiction spiral, the best way for you to gain your control back isn't to outright stop from gambling, you'd find withdrawal to be your biggest hurdle and enemy. The best thing you could do for yourself is to create a routine first, for how you would manage your gambling sessions, slowly diminish it over time, replacing the time you could've spent gambling with more productive hobbies instead, and gradually you'd find yourself rid of the gambling addiction stink.

Of course this isn't going to work for everyone especially those that have fallen into destructive behavior, but in a general sense, this is one of the best things you could commit to if you really want to stop gambling.

Yeah, I also thought if they stopped right away, it would confuse their bodies and tell them something was wrong with this. Maybe they can start by slowly reducing their gambling activities so that their bodies and minds can adjust to these gradual changes. And besides gradually reducing their activities, they need to do other activities so that their minds are awake and not thinking about gambling. Over time, if they keep doing their activities routinely and trying to reduce their gambling activities, they will see that they have succeeded in reducing their gambling activities. And finally, they can stop playing gambling and can be free from gambling addiction.

Once they already find that alternative routine, they will be able to maximize their time and mindset thinking of other things outside gambling, doable but for sure it's tough than how we describing it, there are many gambling addicted people who seek for help from both professionals and their love one's assistance.

It's not something that you can just adjust if you are already in a deep addiction. There are other things that need to support your will to
stop, and most of the time it's someone who is really close to you, aside from professional help.

[ethereumhunter]

Once they already find that alternative routine, they will be able to maximize their time and mindset thinking of other things outside gambling, doable but for sure it's tough than how we describing it, there are many gambling addicted people who seek for help from both professionals and their love one's assistance.

It's not something that you can just adjust if you are already in a deep addiction. There are other things that need to support your will to
stop, and most of the time it's someone who is really close to you, aside from professional help.

If we don't have a strong will to leave gambling or reduce gambling time, it's indeed difficult to do and it's all up to them. And before gambling addiction gets bigger, we should be aware of it and seek help as soon as possible to prevent it from worsening.

The important thing is that we are open and willing to contact or ask for help from others when we feel something is wrong with our lives. This will give us the opportunity to change the lifestyle that we may have lived for a while so that we can change a better lifestyle. Gambling is entertainment and we must not get so immersed in gambling that we cannot get out easily. That can't be happening.

[Rockstarguy]

Some gamblers ignore the warning because they are desperate to win bigger money. They make wrong decisions about their gambling which only ends up costing them financially. Greed and inability to control gambling urges are some of the reasons why they gamble with borrowed money, but it is a horrible experience to tell.

I have seen several such cases coming from some of my friends. So far I don't want to tell you much about their gambling habits, but they have reached the stage of make loan for gamble and running away from reality to repay the loan.

Taking loans was meant for the purpose of difficult circumstances, but addicted gamblers made different utilization of this opportunity, gambling and wasting their time on it without any beneficial outcome. Ignorance is another thing that have inflicted so much pain on gamblers, they tend to face the repercussions of their actions which always ends in debts. Gambling with loan money is absolutely wrong and never good proceeds. There's always a negative energy that follows that, the scenario is not basically what we should witnessed.

That is addiction for you. People who are addicted don't reason if taking loan to play gamble is unwise,  they do not care if they lose or not , they do not care about the interest that is involved in the loan,  they just have that believe that they will always win. A person with a normal sense of mind will never think of taking loan to play gamble because it is not guarantee their will be a win at the end of the game. Addiction can cause a gambler to do things that can make one to wonder if the reason faculty of a person is working or not.  People who normally take loan to gamble are those who think playing gamble is the easiest way to make money.

[elevates]

That is addiction for you. People who are addicted don't reason if taking loan to play gamble is unwise,  they do not care if they lose or not , they do not care about the interest that is involved in the loan,  they just have that believe that they will always win. A person with a normal sense of mind will never think of taking loan to play gamble because it is not guarantee their will be a win at the end of the game. Addiction can cause a gambler to do things that can make one to wonder if the reason faculty of a person is working or not.  People who normally take loan to gamble are those who think playing gamble is the easiest way to make money.

Those who are addicted won't think twice before borrowing money from anyone. Last time I saw a topic here wherein the grandfather kidnapped his own grandson. They are basically mindless freaks and have no shame in doing anything to satisfy their addiction. Using loan money is the worst a gambler can do. The simple reason is that it is a debt trap and the chance of gamblers losing everything to repay the loaned amount is highly likely in this case.

Loan sharks are always out there searching for such buffoons, when they find one they will be very polite and courteous. They will offer loans without any collateral but with a high interest. A gambler would fall for their trick and would agree with the T&C without even realizing the outcome of not being able to repay. This situation gets very bad when a gambler loses the loan money and doesn't have any solid income to repay. My opinion is that it is the end for a gambler and if someone here is highly addicted then stay away from such loan sharks.