Give Him a loan Or Partner With Him

[TheSpiral]

If someone come to me for taking loan then I will surely give him loan but if his aim is to utilize this loan in the process of gambling then I will not utilize my money in such activities. It should be keep in mind that if a person is taking loan for the first time and he did not succeed in betting then taking laon for him will become an addiction.

It is necessary to overcome this habit so eventually this will turn into good habit. I don't understand that having lots of money why people loss all of them in gambling?
May be they are not thankful for the money they have and they want huge amount so in this greediness they loss each and everything and also they don't want to do any job that requires hard work therefore such people goes towards gambling which is not promised always.

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[coinerer]

Snip

Lending money to a friend who gambles is risky. Because he will lose that money by gambling and will not be able to return it later. So if you have a friend who is a gambler and wants to borrow money from you, give him as much money as you can give him for free. Because a person who is addicted to gambling is always attracted to gambling so he cannot give up gambling so he will not hesitate to gamble in any situation. So it is foolish to partner with him for anything too

[Eternad]

Snip

So if you have a friend who is a gambler and wants to borrow money from you, give him as much money as you can give him for free. Because a person who is addicted to gambling is always attracted to gambling so he cannot give up gambling so he will not hesitate to gamble in any situation. So it is foolish to partner with him for anything too

This is the right action towards this instance since the friend being mention by OP is now a PWD which makes him unable to work. This means the person who's borrowing has no way to repay the debt once he loss all the money on gambling.

The good side is when they gave free money, They can help the person to recover financially since he is good on sports betting because he can focus on it all day long. No pressure on the the money they share.


reference for my statement about the current condition of the person in subject

@everyone I think it's a good point just give him what you can afford to give or better have a group session so all our friends will give what they can afford to give, I don't think he can find work with his condition he is a diabetic and he has his left foot amputated and he is in maintenance his gambling might have an impact on his health, but if ever he still good in betting I will encourage him if he recovers his fortune to just maintain a variety store, there's too much stress in gambling for someone like him with a lingering illness.

We will have a chat tomorrow morning.
[/quote

[panjul07]

-snip-

In this situation, I may give him a loan but depends on several factors such as:
- How much/how far I know him personally, if I know him as responsible person then I'll give him a loan.
- How much is the amount, it should be reasonable amount compared to his current financial situation (job).
- Collateral, I will give him a loan if he provides a collateral which worth more than the amount he ask for the loan.
- Last factor is obviously depending on my own current financial situation LOL.

[btc_angela]

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 one of the worst sport betting though, I mean the odds is not that good and most likely this is why your friend, even though he might be good at analyzing the horse races, including the jockeys and the time of the horse, might still lose in the end.

But regarding your question, I wouldn't like no part of his gambling though, so it's either I just loan him some money and then wait if he can pay it right away. I would not want to partner with him as it might be complicate things being the one that loan the money for him. The only thing you can do is wish that he can win and pay you back.

[sunsilk]

This scene is like always the breaker of relationships especially with friendships and relatives. What you can do if you really want to help him, it's either don't give any amount at all or just give him some relatively amount which isn't that much and not a total loss for you if ever he won't pay.

In that sense, you're able to help him and you have also satisfied yourself of helping him. That's the choice that you can do but if you're okay lending him money knowing all of his backgrounds, that's your problem later on when he's got no money to pay you.

[Dessy88]

First of all it must be a risk because if you lose the games now then there may be money crunch or confusion within ourselves. I think one should not resort to loan for any gambling because losing in gambling will lead to financial crisis and may put a lot of pressure on you for loan which will damage your life. However, my best course of action is to search for a specific stable income source and then call him on that. However, partnership should not be used in terms of gambling because your partner may not accept the amount of loss.

[alastantiger]

I like to give people the benefits of doubt. At least he was honest and being that he is my friend, my best course of action would be to first tell him how terrible the idea is but then if his mind is still made up to go ahead with it, I'll loan him the money. Only the amount that I know that I can afford to lose.

I don't think I would need to school him further on the risk involved. I'll give him the money, not all of it and certainly what I can afford to lose like I had already written and wish him all the good luck he'll ever need.

[DaNNy001]

Snip

Lending money to a friend who gambles is risky. Because he will lose that money by gambling and will not be able to return it later. So if you have a friend who is a gambler and wants to borrow money from you, give him as much money as you can give him for free. Because a person who is addicted to gambling is always attracted to gambling so he cannot give up gambling so he will not hesitate to gamble in any situation. So it is foolish to partner with him for anything too

I think that would be the last thing that any reasonable person would do because there is never a certainty to someone who is a gambler actually paying you back the funds which you borrowed him and I can only do that when I know that he or she has a reputable means of paying back the funds. Gambling with borrowed money is never the best choice and hoping you can pay back through that means actually makes it worst because with no doubt for sure you might end up being in more depts.

[darewaller]

Too risky a risk to take man, is a red flag to give friends and families loans because they may likely not pay back, worst scenario in this case is that your friend want to take the loan to gamble with the money which we all know that there is nothing like expertise in gambling and is high risk activities.
This make is very clear in my opinion that you have high chance of not getting the money back in the long run, Let your friend get a stable job if his health conditions permit that, and he should gamble with any amount he has but should not take a loan to gamble with because that will lead him into a bigger mess.

I'm more confident on giving a loan to the people I know because I already know their personality. I think you should know them too. So if you think that the close people that you know are not likely to pay back, why will you still lend them a money? If ever you already did and they didn't pay back on the agreement date, you can always inform their parents or partners. I'm sure they are the ones who will pay you.

It's also best to give a loan for a more important needs and not in gambling because you are right, that it's hard to win on it, and we are only helping them to become more devastated. If they have a job or a money of their own, they can gamble whatever they want but it will still be better if they have a control of their selves, as working is not a joke. To become addicted in gambling is also hard.

[rahmad2nd]

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.

First of all, I have no relevant knowledge about horse racing gambling, but I can make an analogy with other types of betting. for example, football betting. in essence, in any betting or gambling, there is no guarantee that we will have 100% winnings in the betting session. whether it's horse racing, or other bets, even football, which I really understand.

Tell a little story, I know football betting, not only related to the odds provided by the bookies. but more than that, I studied how the system that was implemented worked, what patterns they used, how when a mediocre team made a strategy looking for ways to prevent against a strong team. all of that is in my scenario, when researching and analyzing the team that will compete.
Well, it seems that in horse racing betting too, we will learn which horses are good, have the potential to win, and all sorts of things. but because your question is not related to the technicalities of betting, but more about Give Him a loan Or Partner With Him.

Honestly, I can't answer that for sure. because so far, I have never experienced this kind of situation. It's just that, how wise it would be, I could lend it to someone if it concerns basic needs. for gambling, I'm not interested in partnering. or maybe, I could just give him some money. If he is really good at betting, he can start from small things to become big. after that, it's up to him whatever he does.

[BitcoinPanther]

Snip

Lending money to a friend who gambles is risky. Because he will lose that money by gambling and will not be able to return it later. So if you have a friend who is a gambler and wants to borrow money from you, give him as much money as you can give him for free. Because a person who is addicted to gambling is always attracted to gambling so he cannot give up gambling so he will not hesitate to gamble in any situation. So it is foolish to partner with him for anything too

True that, it is very risky on the person who is giving a loan.  Since there is no assurance in gambling, no matter how good a person in sports betting is, there is always this tendency that he will lose the bet.  And since the friend has no source of income, we are only helping our friend to buried himself in debt.  Partnering seems the lesser evil but it is like consenting him to not focus on getting a job or fixing himself to have a regular source of fund.  It is better to give him the loan if it will be used to find himself a job or if he is sick, to recover from his illness and finding a job when he is all well.

[Silberman]

If someone come to me for taking loan then I will surely give him loan but if his aim is to utilize this loan in the process of gambling then I will not utilize my money in such activities. It should be keep in mind that if a person is taking loan for the first time and he did not succeed in betting then taking laon for him will become an addiction.

It is necessary to overcome this habit so eventually this will turn into good habit. I don't understand that having lots of money why people loss all of them in gambling?
May be they are not thankful for the money they have and they want huge amount so in this greediness they loss each and everything and also they don't want to do any job that requires hard work therefore such people goes towards gambling which is not promised always.

If a person is really good at sport betting then they will never lose all their money in it, it is that simple, and in that scenario we should never lend them any money as it is likely they are going to lose it too and then they will ask for even more money from you, as you have accepted already to lend them money once, and once you reject them regardless of the amount you lent them before they are going to form a grudge against you, and in that case you may as well reject them from the beginning as in that way you will at least save yourself from losing that money.

[Cling18]

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.

If you will lend him money to gamble again, it's like you're supporting him to make wrong decisions again. It's better to advise him to look for a regular and decent source of income rather than borrowing funds to gamble again. He already experienced failure so he shouldn't rely too much on his luck because gambling is a risky thing and it's not a good idea to borrow funds to to bet.
Gamble only with the funds that you can't afford to lose and not with borrowed money that you won't have any assurance that you could pay it back in time. Better be sure than to take another risk where you would face consequences.

[Sim_card]

This scene is like always the breaker of relationships especially with friendships and relatives. What you can do if you really want to help him, it's either don't give any amount at all or just give him some relatively amount which isn't that much and not a total loss for you if ever he won't pay.

In that sense, you're able to help him and you have also satisfied yourself of helping him. That's the choice that you can do but if you're okay lending him money knowing all of his backgrounds, that's your problem later on when he's got no money to pay you.

Giving him money when you know that he wants to gamble with it shows that you are ready to let go of the money because he might end up not paying back. If you are the type that is hoping to get back the loan when he promise paying back,it means you are thge cause of any problem that occurs. I would't give a loan out to a gambler as long as i know that he wants to gamble,especially those gamblers that take gambling as a full time job just like what OP mentioned,because it is like you are throwing your money away. This is because there is no assurance that my friend will win as hse believes,sinve gambling is a game of luck and not only about skill.

[Jossque]

If he is a very close friend and I trust him, I can give him a small amount of money to bet that is not important to me.This may not be a big loss for me, but if I have a good history with him in terms of friendship, I can say that it is a chance for me to reinforce it.I tell him that even if you lose, it is not important to him and I forget about it.I want to try my luck in such matters, but the important thing is how much money I can risk by giving it to my friend.

[Mahanton]

If he is a very close friend and I trust him, I can give him a small amount of money to bet that is not important to me.This may not be a big loss for me, but if I have a good history with him in terms of friendship, I can say that it is a chance for me to reinforce it.I tell him that even if you lose, it is not important to him and I forget about it.I want to try my luck in such matters, but the important thing is how much money I can risk by giving it to my friend.

There are really people who would really be that kind of supportive when it comes their friends specially close ones on which they dont really mind on those amounts as long they would really be able to show up some
support to those people who are important to them which i could say that its something that other people could really do on some extent but there are ones who would really be mindful that much of their money.
Even if they do have that amount but still trying out to ignore and tell that they dont have money but of course i couldn't really blame them on, considering that earning money is never been easy and just simply give it out on a friend who had been having that addiction problems or something that do talks about involvement with gambling then it is really that hard for you to believe on that they could really be able to pay in due time.
If you are a type of friend who doesnt really care that much and give out importance on your friendship then it would really be on someones decisions whether they will really be deciding on granting him a loan
and wont really be putting up some due terms or not. It would really be entirely be depending on you since not all would really be that mindful about their money as long they do able to help their friend
which i dont see anything wrong on this though.

[Majestic-milf]

He just went through an operation he is still under stress This might have an impact on his betting analysis and he might lose the money that I intended to loan to him, I'll just give money that I can afford to lose so it's more of a help than giving him a loan and I don't want to partner with him, the pressure might impact our friendship I don't want to partner with a friend when it comes to gambling as this might ruin our friendship.

I quite agree with this one. Probably it's the fact that he lost his fortune to gambling that may have made him to lose control of his emotions and may have led him to drinking or even other vices that may have prompted the operation. He's still recovering, and loaning him an amount so he can go back to what may have led him to the operation room in the first place is like giving a diabetic chocolate.
Just like you have stated, it's best to give him an amount that I know I'd not need to worry about; that way he won't have to be pressured to make stupid decisions just so he can meet up payments. But then again, if he is a chronic gambler, that money might get lost and he'd need to collect another loan, thereby piling more debts.

[maydna]

~snip~

There have been many stories you would be got a new enemy once you were lending your money to your friends. I saw that hundreds of times. It's not a recommended way to lend your money to your friend once you knew that your friend is unlikely to pay back it.
Never try to do that or you will be risking yourself in a problem with your friend. There's no guarantee if your friend will be winning the bet. Even though it was not slot but it's not also guaranteed your friend to win the game.

The better thing to do is telling him about he available job and he can get money through working. I saw that many times people were always in trouble caused by they were lending their money to their close friend.
The decision to lend him is the worst one that could be made.

A lot of people are also aware of how difficult to get back your money once your friend was losing the game.

I agreed to tell him about available jobs so he could apply and earn some money. Later, the money can be used for whatever he wants. I didn't want to lend him money to gamble because I knew he might get into trouble where he couldn't pay back the money he borrowed.

I don't want that to happen to me, especially since I have to adjust my financial position if I lend him money. And that would hurt my financial position. If it is for gambling, the money that will be used may not come back, let alone get a lot of money from gambling.

~snip~

Winning remain the priorities for most of these gamblers, we just have to stick to drawing out good mappings that would results in profits for us, however we can not also prevent losses along the line, because losses can not be permanently removed but can be temporarily prevented for estimated period of time. You're absolutely right about the stated out suggestion. Lending him money to gamble is another risks because he would be put under pressure to make more money to recover the money he borrowed and also the ones he lost to gambling, making the whole circumstance complicated and tough to handle.

Although winning will be a priority for gamblers, they must also know that they have the potential to experience losses and even big losses. If they borrow money, they won't be able to pay it back if they lose. We don't want that to happen. Instead of having problems in our friendship, it's better not to lend him money and ask him not to gamble. But if he doesn't want to accept our advice, it's not our fault because we just don't want him to get into trouble for gambling. The situation will become complicated later, especially when we ask for the money back because we have a sudden need and he cannot return the money. It will make us feel uncomfortable.

[Aanuoluwatofunmi]

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.

Don't give out the amount of money you cannot afford to loose, be it in gambling or lending.

Know that you're taking a risk of giving him and at the same time risking the benefits of doubt in him

What makes him think he can win this second time after woefully loosing the first time

If you think you have the money and it's not going to affect you then give him.

If we can take good observation of the above advise on gambling, we will learn to minimize risk and avoid facing ugly consequences at the cause of lending money in gambling.