Ever heard about financing a gambler?

[BenCodie]

Financing player is a common practice like in poker... but in the past (some years ago - see reference below) during Direct Bet Monthly competition I have sold in a auction 1% of my stake in a competition! https://bitcointalk.org/index.php?topic=1565169.0
Of course I have won and the user has made a good investment.
For me, it was a deal since I had more crypto to gamble, so I was able to maximize my win.
Even if the experiment was profitable for all parties involved I decide to not auction anymore these stakes. 
I don't think it's easy to made such deals in a classic betting setting (it's really easy get scammed in my opinion...)

I think that your business here is a little bit different to what the OP is describing. You have a very good reputation as somewhat of a collateral, and you sold a very small portion of the stake in the competition, which makes the downside risk quite low and a fair bit of fun for anyone who was interested. It's a lot different to trusting a stranger, online person or friend with some money for the slot machines or online games.

How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

No, funding someone gambling doesn’t make sense since it’s a gamble. He can always lie on declaring the result of the game since you are not with him when gambling unless you are interested on gambling yourself.

The only time I can think this kind of idea as feasible is when the guy has a good portfolio in gambling because not in a million chance I will trust someone gamble using my money.

I doubt that anyone who funds a gambler would do it in a way where they are not able to see or verify the results, unless it is someone whom they think that they trust quite significantly. I've never heard of a good portfolio in gambling in games of chance, only in skill-based games, this is a little bit different though in my opinion.

[xSkylarx]

I haven't seen anyone doing financing in gambling but I have noticed mostly in cockfighting in my local area that they will ask someone to give them money so that they can bet and if they win, the money will be back and then the profit will be cut by 2 for them, but this is not just a random person because mostly I noticed that they are friends or relatives but it is something that they are giving money or financing someone to bet but if the bet was a loss then the owner of the money lost it so it is all about trust and luck.

[bettercrypto]

It depends on you if you agree or not, and it also depends on how much he will lend you, because if it's a large amount, don't lend it. But if you trust him, you can agree to his request.

That's why, if you agree, it's like he's your shadow playing gambling, and it depends on the share of what he'll win using the balance you lend him. What if the one you loaned runs out and he borrows from you again? Will you still lend to him again? That's the question.

[arwin100]

It depends on you if you agree or not, and it also depends on how much he will lend you, because if it's a large amount, don't lend it. But if you trust him, you can agree to his request.

That's why, if you agree, it's like he's your shadow playing gambling, and it depends on the share of what he'll win using the balance you lend him. What if the one you loaned runs out and he borrows from you again? Will you still lend to him again? That's the question.

Trust can be broken if huge money is involve in discussion so much better not to allow anyone to lend some amount to you just for gambling reason so that you will not encounter a trouble when payment time came. Since there are thick face people doesn't face their responsibilities and make the life of lender hard especially when you ask the payment to them. So to avoid any bad blood to anyone ignore such offer and explain properly that you are not into this activities also you don't have enough money to release because you need that money to.

To hard to achieve the risk and accept that you are shadowing his activities in casino since once he lose for there's a huge risk that a person will find some ways to escape their obligation so just like what I've said earlier that its really more better to us not to let anyone lend or some some finance to us on their gambling activities so that we will not get stressed on situation that we don't like to happen.

[piebeyb]

It depends on you if you agree or not, and it also depends on how much he will lend you, because if it's a large amount, don't lend it. But if you trust him, you can agree to his request.

That's why, if you agree, it's like he's your shadow playing gambling, and it depends on the share of what he'll win using the balance you lend him. What if the one you loaned runs out and he borrows from you again? Will you still lend to him again? That's the question.

In my opinion, giving a loan to a friend will usually damage friendships when we collect it but he doesn't pay it, it's best to never lend money to a friend even though he is good at gambling because debt is very vulnerable to destroying friendships and many end up being enemies with each other because of the debt. and borrowing money, as much as possible, never lend money to other gamblers either.

I usually lie a little if a friend borrows money to gamble. I always say that I don't have any more money to lend even though he will be angry because he thinks I'm stingy. It doesn't matter because I'm doing it for his own good because gambling won't always win the game though. he is confident that his bet can win money but no one knows if it is an unlucky day and he loses, it is best to avoid giving debts to other people or your own friends

[letteredhub]

How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

I'll say whosoever will wanna agree on doing this doesn't know what to do with his money it's a total nonsense. Gambling can't be a way of  an investment.

 

Because the only place this makes a bit sense is the skills base niche like forex trading or crypto trading, how can gambling/gambler be financed?

Have you heard of such before? What is the end result if you have?

All the more either with forex trading or crypto trading there's still no guarantee if reaping profit from it not to talk of gambling an exercise that is determined by luck to get winnings.

I haven't heard of this is my first time hearing about it and am sure the end won't be palatable.

Why would you trust anyone to gamble better than you can when it's all about luck?

Is anyone doing this on here?

It's brainless to be rest assured on someone else with your money that's he's a better gambler than you so therefore he will make more profitable wins than you for something that is all about luck not skills.

Think about it. If that person was that lucky he would have made a lot of fortune throughout the time he was gambling before you met him.

[panjul07]

How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

Depends on the deal/agreement between the gambler and the one who is willing to finance the gambler.
It will not make senses if there is no agreement on both winning and losing, the agreement about losing is important here because without agreement, the one who is financing will be the one who is risking money.

Have you heard of such before? What is the end result if you have?

Never, there is no good reason for me to do it both to be the financed gambler and the one who provide the money.
As a gambler, it is better for me to gamble with my own funds as I have no responsibility to return the money in case of lose and I do not need to share money in case of winning.

[danherbias07]

I didn't know that this question would pop out someday but it did.
I have one good friend, an old friend from childhood until I hit puberty, and a teen who had been playing poker tournaments and he is funding his entry ticket by posting it on Facebook. He also includes his proof of wins in his posts so that every investor will no doubt him.
For me, I don't doubt him because I know the guy who had been playing that game for a long time and I even joined him in poker events when I had the time.
The only problem is all slots are always taken whenever I see his post on Facebook. But he did promise to give me a slot in the next tournament to come.
It's not literally financing the whole entry ticket because there are many of us but because of how good he is at playing the game there will be no problem with spending $3-5 for a chance to double it or more.
I won't invest with a stranger but that is a friend I knew and I am a godfather of one of his kids.

[maydna]

It depends on you if you agree or not, and it also depends on how much he will lend you, because if it's a large amount, don't lend it. But if you trust him, you can agree to his request.

That's why, if you agree, it's like he's your shadow playing gambling, and it depends on the share of what he'll win using the balance you lend him. What if the one you loaned runs out and he borrows from you again? Will you still lend to him again? That's the question.

But if the money is to be used for gambling, it is better not to lend him because there is no guarantee that he can win a lot of money from gambling. Most of what we see from gamblers only experience losses and even more losses because they lose control of themselves. And imagine if he loses all the money he borrowed, how will he be able to return the money, especially if we need the money?

That will make it difficult for those who need the money immediately to meet urgent needs. So instead of getting into trouble later, it's better not to lend him money to gamble.

[Jemzx00]

I haven't seen anyone doing financing in gambling but I have noticed mostly in cockfighting in my local area that they will ask someone to give them money so that they can bet and if they win, the money will be back and then the profit will be cut by 2 for them, but this is not just a random person because mostly I noticed that they are friends or relatives but it is something that they are giving money or financing someone to bet but if the bet was a loss then the owner of the money lost it so it is all about trust and luck.

It's actually pretty common on our country that if your friends are into cockfighting and has their own chicken that they've personally breed to ask someone they know for funds on their fights or even ask for a loan. In my experience, I did try to fund for my uncle for his fight and we won and we've split the profit on our winnings and celebrated by cooking the losing chicken.

Anyways, this varies depending on who's your funding and on what you're funding on. You must also know the risk of these thing if you'd like to do it. I do see some poker players who do this on a casino and there are even instances someone will approach them to give more funds so that they'll be able to bet more.

[bitbollo]

...

You are saying the right think. These deals are too risky and can have a lot of potential issues linked.
I was enough trusted? Yes probably but even the trivial amount was also something important.
Definitely this was a once upon a time chance
I would never trust a stranger on that activity since its really easy get heavily scammed or just not receive the proper amount of money.

[Blitzboy]

I didn't know that this question would pop out someday but it did.
I have one good friend, an old friend from childhood until I hit puberty, and a teen who had been playing poker tournaments and he is funding his entry ticket by posting it on Facebook. He also includes his proof of wins in his posts so that every investor will no doubt him.
For me, I don't doubt him because I know the guy who had been playing that game for a long time and I even joined him in poker events when I had the time.
The only problem is all slots are always taken whenever I see his post on Facebook. But he did promise to give me a slot in the next tournament to come.
It's not literally financing the whole entry ticket because there are many of us but because of how good he is at playing the game there will be no problem with spending $3-5 for a chance to double it or more.
I won't invest with a stranger but that is a friend I knew and I am a godfather of one of his kids.

Your story, your friend, and your trust in him offer a lovely picture of friendship and camaraderie. Investing on a friend, especially one you've spent time with, shows your bond. Your friend seems skilled and trustworthy since he shares his triumphs and pursuits. But getting a tournament spot is the hard part, right? It may require some guidance and a gentle push to avoid missing out next time.

What about a small deal, like an advanced notice agreement, between you and your friend? You may suggest a tiny, amicable arrangement where he gives you a head start before posting the next chance. This protects your spot and your trust and friendship. It keeps things light, amicable, and prevents financial issues from affecting your relationship.

[ShowOff]

How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

Of course that makes sense but in my opinion there must be a concrete agreement between financiers and gamblers. If it were me, then I wouldn't do it even if it was my friend. The potential problems this would cause would obviously be one I would need to avoid, but if you agree then what's the harm?

I don't trust other people to gamble with my money, it's bad for me and my relationship with him. It is better to lend him money in an amount I can afford to lose than to risk my money on someone else. But things like this always happen among gamblers, even if they don't honestly say that the money is for gambling.

[Onyeeze]

Some people does that, and people that normally do such is people I know that have experienced in gambling and also people who also believe in trying of luck, I have seen someone who asked someone to assist him with money so that he can bet gambling and the person did not hesitate to give him money because the amount of he needed was little amount and fortunately when the person make his bet and he wom very amount of money through gambling and he later bought the person that gave him money to stake the bet a car with some physical money as appreciations. People who cam give you money for bet are people who knows the values.

[Yatsan]

Some people does that, and people that normally do such is people I know that have experienced in gambling and also people who also believe in trying of luck, I have seen someone who asked someone to assist him with money so that he can bet gambling and the person did not hesitate to give him money because the amount of he needed was little amount and fortunately when the person make his bet and he wom very amount of money through gambling and he later bought the person that gave him money to stake the bet a car with some physical money as appreciations. People who cam give you money for bet are people who knows the values.

It is like trying someone’s luck using your money. By any means, there’s no assurance of the result so why not just try yours given that it is your money to be used. In such way you won’t have a more intense regret of the outcome if ever bets would be losing. Same thing with trading wherein people are ‘investing’ to experienced traders to generate profit for them. This is clearly spoonfeeding; much better to take the risk for yourself in order to atleast enjoy your bet than to lose with someone’s prediction. It is either to lose with your own ‘gut feeling’ or to win it and enjoy the better outcome.

[Die_empty]

How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

Because the only place this makes a bit sense is the skills base niche like forex trading or crypto trading, how can gambling/gambler be financed?

Have you heard of such before? What is the end result if you have?

I have seen such an arrangement where people contribute money to place a bet they think will come out big. There are also cases where someone might not have an account in a casino and he can decide to join funds with a casino customer that is close to him. However, it is important to discuss the sharing formula before going on with the deal to avoid confusion. The result will either be a win or a loss. In some cases peaceful sharing of wins and it might turn into disagreement and argument in some cases.  

Why would you trust anyone to gamble better than you can when it's all about luck?

Is anyone doing this on here?

I will not trust anyone with my funds. It will be better to place my bet alone no matter how little the fund might be. I want to be free from disagreements and drama. I also prefer to bear my losses and enjoy my losses alone

Someone explained this to me, and I believe he is already a victim because to me it doesn't make sense, I believe he is been used because he lacks knowledge about gambling, do you think my judgment is wrong?

Maybe he is learning from the person. With time he would be experienced to place his bet alone. If he wants to be a gambler, the skills is not rocket science, let him sit down and learn

[Westinhome]

I haven't seen anyone doing financing in gambling but I have noticed mostly in cockfighting in my local area that they will ask someone to give them money so that they can bet and if they win, the money will be back and then the profit will be cut by 2 for them, but this is not just a random person because mostly I noticed that they are friends or relatives but it is something that they are giving money or financing someone to bet but if the bet was a loss then the owner of the money lost it so it is all about trust and luck.

Some people getting loan in the forum and doing the gambling.Only of the friend had get the loan from the forum loan section and gamble the money to return the double the amount.We know the result after a week.Whether he is getting the double money from the gambling or going to loss the entire money and get in to the loan problem.The person I had mentioned is also my friend and real friend.My suggestion is taking the loan for the gambling is not the correct one,because he will win or loss in the gambling.The wise option is not taking loan at the thing which had both win or loss option.But you can do business using the loan amount.

[uchegod-21]

How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

Because the only place this makes a bit sense is the skills base niche like forex trading or crypto trading, how can gambling/gambler be financed?

Have you heard of such before? What is the end result if you have?

Why would you trust anyone to gamble better than you can when it's all about luck?

Is anyone doing this on here?

Someone explained this to me, and I believe he is already a victim because to me it doesn't make sense, I believe he is been used because he lacks knowledge about gambling, do you think my judgment is wrong?

Is your friend addicted to gambling? A healthy gambler should set aside a limit or certain percentage of money he should gamble with.  Borrowing funds to gamble with is a no no. Gambling is purely base on luck, what happens to the friendship if he is not lucky?

I can only finance him only  if there is a collateral equivalent attached to the loan. If he loses, I have nothing to lose too.

[alegotardo]

How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

I don't even trust myself when I'm betting, how could I trust someone else to manage my money in gambling?

This is crazy!
I believe that corporate sponsorship of renowned players is something quite sensible, after all the company is advertising its brand on renowned players who will be seen all over the world, so this is in fact an investment that will give a financial return to those who financed it, regardless of the results that the bettor has.
However, investing money in someone just with the promise that this player will be able to multiply your winnings is absurd.

[Davidvictorson]

How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

I'll do it. It doesn't have to make any sense as long as he abides by my rules. First what is shows to me is that the person is a serious gambler and I can give him some of doubt.

Because the only place this makes a bit sense is the skills base niche like forex trading or crypto trading, how can gambling/gambler be financed?

There other activities that people get financed that you don't even know about.

Have you heard of such before? What is the end result if you have?

I have never heard of it. It may be good, it may be bad.

Why would you trust anyone to gamble better than you can when it's all about luck?

Why not. If you have a successful track record.