Give Him a loan Or Partner With Him

[Docnaster]

What would be the best option if a friend who happens to be good at horse racing lost his fortune coming from betting in horse racing because of illness and came to you and asked for a loan and honestly stated that he wants to use it betting in horse racing to recover his fortune.

But you have doubts because he is away betting horse racing for a long period of time and he might lose the money because you have to be updated on the conditions of the horses, jockeys, and the many handicaps, and his anxiety about recovering his fortune might fail he offers you two options loan him money or just partner with him.

What's your best course of action in this scenario?

A common friend confided this to me.

The fact that he he's been betting on horse racing for a very long time and couldn't still save enough money that he can fall back to on his bad days makes it a very bad idea to give him a loan that he requested from me.
Gambling shouldn't in anyway be allowed to be people's primary occupation so for anyone to prioritize gambling as their main source of income, that person shouldn't be taken serious for anything

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[1715500844]

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[bitbollo]

every loan must have collateral! even if it come from a friend or a parent.
Personally I don't care what a friend will do with this money, I care about getting it back.
But this depends also the amount he has requested... in this case, if "friendship" and "gambling addiction" compete, the loan is released on the basis of which of these two aspects will prevail...

[blockman]

What would be the best option if a friend who happens to be good at horse racing lost his fortune coming from betting in horse racing because of illness and came to you and asked for a loan and honestly stated that he wants to use it betting in horse racing to recover his fortune.

But you have doubts because he is away betting horse racing for a long period of time and he might lose the money because you have to be updated on the conditions of the horses, jockeys, and the many handicaps, and his anxiety about recovering his fortune might fail he offers you two options loan him money or just partner with him.

What's your best course of action in this scenario?

A common friend confided this to me.

Sorry but I'll decline.
Even if he's the best horse race bettor, that won't be enough. He's been there and said to be good at it but why he don't have his own money and lost his fortune from it? It's enough to learn the lesson that he's lost his fortune from it and if he's going to ask me money, much better not to include myself by having a potential loss even it's a loan.

[Westinhome]

What would be the best option if a friend who happens to be good at horse racing lost his fortune coming from betting in horse racing because of illness and came to you and asked for a loan and honestly stated that he wants to use it betting in horse racing to recover his fortune.

But you have doubts because he is away betting horse racing for a long period of time and he might lose the money because you have to be updated on the conditions of the horses, jockeys, and the many handicaps, and his anxiety about recovering his fortune might fail he offers you two options loan him money or just partner with him.

What's your best course of action in this scenario?

A common friend confided this to me.

The luck play the major role in the horse race,even the gamblers had huge experience in the game.The loan had many reason,it may include the money for the gambling.But to give the money,you should have some money.The winnings on a bet is not an sure one,So if you have free money you can help your friend.Because apart from the reason,he is your friend.He may help you at the hard time,So if you had money you either help him or join the hand with your friend as partner.Since he had an experience he may give you huge profit from your investment.But you need to believe your friend for the profit on one day.Till that you should need a patience with some trust.Because without trust you can’t wait with some patience.

[Fiatless]

What would be the best option if a friend who happens to be good at horse racing lost his fortune coming from betting in horse racing because of illness and came to you and asked for a loan and honestly stated that he wants to use it betting in horse racing to recover his fortune.

Gambling is unpredictable so you cannot be certain that your friend will recover his loss. If he is not careful he will love more money. Taking a loan to gamble is a very bad decision that can put him into more debt. It is better to gamble with your own money and preferably your spare cash.

But you have doubts because he is away betting horse racing for a long period and he might lose the money because you have to be updated on the conditions of the horses, jockeys, and the many handicaps, and his anxiety about recovering his fortune might fail he offers you two options loan him money or just partner with him.

What's your best course of action in this scenario?

A common friend confided this to me.

Your friend should take a break and take care of himself. Tell him that he cannot pursue his losses in gambling. He needs to gamble responsibly and look for other sources of income. You can partner with someone to invest in a business but a gambling partnership is strange to me.

[coin-investor]

What would be the best option if a friend who happens to be good at horse racing lost his fortune coming from betting in horse racing because of illness and came to you and asked for a loan and honestly stated that he wants to use it betting in horse racing to recover his fortune.

But you have doubts because he is away betting horse racing for a long period of time and he might lose the money because you have to be updated on the conditions of the horses, jockeys, and the many handicaps, and his anxiety about recovering his fortune might fail he offers you two options loan him money or just partner with him.

What's your best course of action in this scenario?

A common friend confided this to me.

The fact that he he's been betting on horse racing for a very long time and couldn't still save enough money that he can fall back to on his bad days makes it a very bad idea to give him a loan that he requested from me.
Gambling shouldn't in anyway be allowed to be people's primary occupation so for anyone to prioritize gambling as their main source of income, that person shouldn't be taken serious for anything

It's because of his illness that he loses his fortune, for me, I will not give him a loan for gambling or partner with him I will just give him a loan so he can set up a business and I will discourage him from gambling with the help of his family with his condition his diabetic might worsen he needs to have a stress free environment and gambling is not a place to give him that.

And besides he is away to long from horse betting there's a possibility that he cannot keep up anymore and he will stress himself because he going back to square one.

[romero121]

Strongly no, because I have real experience borrowing money from my friend for gambling. I didn't inform my friend about the requirement for gambling, I said another reason and borrowed around $1500. Things didn't go well as I planned and expected. At some point my friend was in need of money and asked it back. By that time I was to borrow from other person to give my friend the borrowed amount. So, this is going to make a big problem in his life and I'll never lend/give money for gambling.

[Fivestar4everMVP]

I will be honest with my opinion here, the truth for me is that, I will neither loan him the money or partner with him, if this refusal is what will make our friendship go soar, then let it be, at least, this proves to me that we were never really friends in the first place, I am a gambler myself but i can never loan anybody money to gamble or play bets, no matter how good the person is, and it doesn't matter how close such person is to me, whether he or she be a friend or family member, my principle is to never loan anybody money for gambling purposes, except i dont know that the friend is borrowing the money to use it to gamble, then i will be so furious at him or her when i discover, even when he won and return the money, i will warn such friend never to borrow money from me and use it to gamble again..

If it is business the friend wants to use the money for, i will look at how profitable the business is likely to be if he succeeds, then loan him the money or even partner with him, but if he or she is requesting for the loan to use in gambling/betting, its a NO for the loan, and NO for the partnership.

[danherbias07]

Partnering with him means a long-term relationship and if he loses he won't have the fear to pay you back thinking you are partners. It's going to feel like you also lost instead of just him.
Loaning him money will be high risk because of the history that you said. He lacks the idea of what is happening now and he might have sudden choices that will lead to more losses just because he feels excited to make a bet without even analyzing it yet.

This is a difficult decision. I wish there was a choice to just not let him loan any money or partner with him. Just nothing. Stand by. That should not end the friendship but more like strengthen it by giving him advice to not go through the same dilemma again. It's not in the choices you said but  I like it to end up that way instead of wrecking your relationship because of money, either by loan or partnership.

[Queentoshi]

What would be the best option if a friend who happens to be good at horse racing lost his fortune coming from betting in horse racing because of illness and came to you and asked for a loan and honestly stated that he wants to use it betting in horse racing to recover his fortune.
What's your best course of action in this scenario?

Give them advice that gambling is not a source of income and the right approach to recover their lost fortune that they did not gather from gambling in the first place. You can offer to give them money that you do not hope to recover, that is like dashing them the money, but do not encourage them to continue with that plan that feels like a good plan to them but is bad and can follow with more regret. There is no assurance and guarantee with gambling, it is not a way to make money.

[topbitcoin]

every loan must have collateral! even if it come from a friend or a parent.
Personally I don't care what a friend will do with this money, I care about getting it back.
But this depends also the amount he has requested... in this case, if "friendship" and "gambling addiction" compete, the loan is released on the basis of which of these two aspects will prevail...

Perhaps the market would not buy stamp paper if one's word were reliable, and similarly, the Bible would not be proof of one's honesty if one's commitments were trustworthy. By taking an oath on the Bible
In every loan and collaboration there must be a guarantee given, exactly as you said, and I completely agree.

If I'm going to lend money, I make sure to ask about the purpose behind the request, as well as the repayment plan. A reasonable explanation and potential collateral (if borrowing a large amount) are very important for me to consider it. After the promise is made, I may agree to give a loan, this is what I need to do to ensure that the money he borrows will return.

[Casdinyard]

Honestly, not going to give him the money he's looking for. Gambling is gambling whatever reason you may have, entertainment or profit. In the case of your friend that is in dire straits, regardless if the reason for his loss was because of greed in gambling or outright outside reasons, I wouldn't be so confident as to lend him my money even if he says we'll share 50/50. Not because I'm stingy or I'm a bad friend like that, but because what your friend needs at the moment isn't to get back his losses, but to actually recover from what he's suffering from in hopes of him being able to get back on his feet eventually. That in mind I'd probably lend him some money with the caveat that he's not going to spend it gambling, but will use it to get the treatment that he needs. That's how a real friend works.

[bittraffic]

he offers you two options loan him money or just partner with him.

This is the kind of situation that will ruin friendship and either of these options will not make me rich if he fails. Can't I just say No?
I'd more than likely going to tell the truth that I have no money for horse racing. But just so it won't make him feel bad about my refusal I will just give some money to him for his capital that he may be able to get back his fortune. The money will not be tied as a loan from me and he has no obligation to pay.

[Hispo]

If it is a matter of health, I would feel more comfortable giving a loan so my friend could the medical treatment he needed to recover.

But if he is being honest with me and I am aware of his fame within the horse racing community, I think I would be willing to give with some money for him to bet and something to one side for him to buy medicine in the mean time.

In general, when someone tells me they are very good at predicting outcomes, I get defensive and am very skeptical. It would take me to be a very close friend of that person or family member.

[dothebeats]

If he's a close friend, I might consider giving him a loan and forgetting about it, assuming I never helped him in his recovery nor during all his problems with his health. I'd never seek repayment, especially if I'm in a position of sharing what I have. Of course, the amount won't be big, but something that can potentially help him jump back to his feet and start over again. At this point, I'm looking at keeping the relationship and not burning bridges. It's a one-time offer, and he will never have the chance to borrow money from me again.

[mirakal]

If he has no source of income because of his illness, then there’s no way he can pay for his loan. So I’ll just give him the money that I can afford to give, and it’s up to him if he will gamble it all in, or just spend a portion to gamble. After all, regardless if he’s good in horse betting, that will not guarantee that he’ll also become profitable in gambling. Gambling is based on pure luck and chances, and it’s never been on skills. Moreover, I will also give him an advice that gambling alone will not solve his problem. Finding a job that fits for him is the best option that he should learn to take.

[goldkingcoiner]

What would be the best option if a friend who happens to be good at horse racing lost his fortune coming from betting in horse racing because of illness and came to you and asked for a loan and honestly stated that he wants to use it betting in horse racing to recover his fortune.

But you have doubts because he is away betting horse racing for a long period of time and he might lose the money because you have to be updated on the conditions of the horses, jockeys, and the many handicaps, and his anxiety about recovering his fortune might fail he offers you two options loan him money or just partner with him.

What's your best course of action in this scenario?

A common friend confided this to me.

I can tell you right now that nobody trustworthy is going to lend your friend any money, especially after that red flag in which he stated that he wishes to use the lent money for gambling. Your friend is exhibiting extreme signs of gambling addiction and if he were truly your pal then you would try to convince him not to take out a loan. Especially from people who are actively seeking desperate people like him in order to offer him illegal/shady loans. Those same kind of people who would break a mans arms and legs and throw him into a river with concrete shoes. Loans for gambling always end badly.

[Fortify]

What would be the best option if a friend who happens to be good at horse racing lost his fortune coming from betting in horse racing because of illness and came to you and asked for a loan and honestly stated that he wants to use it betting in horse racing to recover his fortune.

But you have doubts because he is away betting horse racing for a long period of time and he might lose the money because you have to be updated on the conditions of the horses, jockeys, and the many handicaps, and his anxiety about recovering his fortune might fail he offers you two options loan him money or just partner with him.

What's your best course of action in this scenario?

A common friend confided this to me.

It's a mystery how you think somebody can be "good at horse racing" bets yet "lost his fortune". You seem to be finding a disconnect between the activity of gambling and this persons ill health, but in fact they could be correlated. Somebody who has to rely on constant and endless luck to survive, could find themselves under great stress which can manifest in actual health conditions and problems. If he was a wise gambler, even profitable as you suggest, then he would have plenty of money in reserve and not have lost everything even when faced by illness. The reality that is much more likely, is he has clouded out his losses when betting and is a longterm loser - so you would be throwing away any money you gave to them.

[ajiz138]

I hesitate and will not lend it for betting but when he is sick, maybe I will help him recover because I am compassionate to him who is sick but if the purpose of the money is only to bet on horse racing even though he is good at betting, I will not do that.

Remember many people say loans must be guaranteed while gambling has no guarantee at all except relying on the belief that he will win in his bet but I myself still doubt and that doubt will prevent giving money to him.

I just don't like borrowing money just for gambling and lust.

[Furious 7]

What would be the best option if a friend who happens to be good at horse racing lost his fortune coming from betting in horse racing because of illness and came to you and asked for a loan and honestly stated that he wants to use it betting in horse racing to recover his fortune.

But you have doubts because he is away betting horse racing for a long period of time and he might lose the money because you have to be updated on the conditions of the horses, jockeys, and the many handicaps, and his anxiety about recovering his fortune might fail he offers you two options loan him money or just partner with him.

What's your best course of action in this scenario?

A common friend confided this to me.

I would not do both options offered in the title.
Firstly, giving him a loan to gamble is tantamount to plunging him back into gambling, maybe it will be good if he can reverse his previous losses but on the other hand we need to be aware that such a thing is a positive thing that in gambling the probability is 1:10 because the possibility of losing again is still very large.
To do our own game with your friend as a jockey also I still would not do it if I were you, the reason is simple I prefer gambling to be done alone and when you give someone else as a jockey then when we lose I think there will be a little regret that makes the relationship between you and your friend become tenuous so if I were you I would also not use this option.