Ever heard about financing a gambler?

[carlisle1]

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?

What i will first ask the person is that what if he looses, how will a make my recovery back from him, gambling is not what we do with hundred percent assurance that we must win, i can only accept his offer when he also have a physical asset to use as stake should in case he didn't win, but despite this, i still don't think it's a good practice to encourage someone in doing this at all, gambling is not done by force, we gamble when we think we needed fun and have money for doing that.

Not a good way to support, gambling is not a venue in tolerating a friend, better to invest if it's a business that a friend is asking for some money
to put up or start up capital to establish a good business.

But if it's a gambling, I mean if it's something like casino base or sports betting better not to encourage, especially if it's a friend who's asking to
lend money to invest in.

No assurance that he can repay or he can give that portion of winning to you, no one can have that 100% sure win always has that big risk behind.

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[Webetcoins]

I would have to assess the proposal first, I have learned for awhile now to not easily dismiss or decline stuff that isn't right for me, I first have to ask the questions and see if the risks outweighs the benefits and the other way around. So in this case, I would probably say that I should see my friend play or even just ask what kind of game my friend is gambling in, if I see that it's something that's heavily based on luck then I would outright decline but if it's not the case and my friend is good at it, I am probably going to go help that friend although I can't be the sugar daddy that my friend will just bleed me dry but back to reality, when that reall  happens to you, that friend of yours is already addicted and you financing your friend's gambling habit is not going to help that friend.

If you think it's not right for you, why will you still think about it and possibly accept the deal? Our instincts are sometimes strong so we shouldn't ignore it and for me, I won't regret anymore even the outcome is positive. What important is I never worry. Money can still be earned in a safe and legal way.

If we are going to use the scenario that you explain and say that we get lucky to win, I doubt it if it will always happen. Maybe our friend demand more money than usual and one time experience a loss? Apart of it, we are only helping the guy to become heavily attached in gambling which is a bad thing. Gambling should be enjoyed for entertainment purpose only.

[BitcoinTurk]

The fact that gambling is involved, I don’t think he can be trusted when it comes to money matters. Although it’s okay if he will really use the money for good purposes, but when it comes to gambling using borrowed money, then never expect that he will still be able to repay you or even pay a portion of it.

However, I have never experienced financing a gambler ever since. And if it’s going to happen in the future, for sure I will never ride with it. I am a regular gambler so I know eventually the winning rate vs the losing rate. And most of the time, gamblers often lose so while the house is always the winner.

I definitely think that when it comes to gambling and lending money we shouldn't trust our friend who asks us to finance them because even if this person is our very close friend, we don't know or cannot predict whether they will be able to repay their debt if they loses that money. If this person is going to cover his/her personal expenses in exchange for borrowed money they will most likely pay the debt at as soon as possible but there is no guarantee that they will pay back if they loses money in gambling.

I have never encountered a situation where a person asked me to finance their gambling but I have had friends to whom I lent money for their personal expenses. If any of my friends asks me to finance them gambling in the future I think I will definitely not accept this offer because as someone who gambles frequently I know that the gambler side always loses money. As you said ''house is always the winner.''

[maydna]

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?

What i will first ask the person is that what if he looses, how will a make my recovery back from him, gambling is not what we do with hundred percent assurance that we must win, i can only accept his offer when he also have a physical asset to use as stake should in case he didn't win, but despite this, i still don't think it's a good practice to encourage someone in doing this at all, gambling is not done by force, we gamble when we think we needed fun and have money for doing that.

Not a good way to support, gambling is not a venue in tolerating a friend, better to invest if it's a business that a friend is asking for some money
to put up or start up capital to establish a good business.

But if it's a gambling, I mean if it's something like casino base or sports betting better not to encourage, especially if it's a friend who's asking to
lend money to invest in.

No assurance that he can repay or he can give that portion of winning to you, no one can have that 100% sure win always has that big risk behind.

It's true what @carlisle1 said because after all, gambling is not a place to make money, so we can't just give loans to our friends to gamble. It would be better to lend him money to build a business, and we could partner with him where we are the investors and he runs the business. That will have more opportunities to make money, and we have helped him to want to work where later.

There is no guarantee that he can win. That is what we must always remember so that we do not give out loan money. And if he loses all the money, how will he return the loan money when he didn't give us any guarantee. That will cause problems in our friendship.

[shogun47]

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?

What i will first ask the person is that what if he looses, how will a make my recovery back from him, gambling is not what we do with hundred percent assurance that we must win, i can only accept his offer when he also have a physical asset to use as stake should in case he didn't win, but despite this, i still don't think it's a good practice to encourage someone in doing this at all, gambling is not done by force, we gamble when we think we needed fun and have money for doing that.

Not a good way to support, gambling is not a venue in tolerating a friend, better to invest if it's a business that a friend is asking for some money
to put up or start up capital to establish a good business.

But if it's a gambling, I mean if it's something like casino base or sports betting better not to encourage, especially if it's a friend who's asking to
lend money to invest in.

No assurance that he can repay or he can give that portion of winning to you, no one can have that 100% sure win always has that big risk behind.

It's true what @carlisle1 said because after all, gambling is not a place to make money, so we can't just give loans to our friends to gamble. It would be better to lend him money to build a business, and we could partner with him where we are the investors and he runs the business. That will have more opportunities to make money, and we have helped him to want to work where later.

There is no guarantee that he can win. That is what we must always remember so that we do not give out loan money. And if he loses all the money, how will he return the loan money when he didn't give us any guarantee. That will cause problems in our friendship.

I think that what is true is that some gamblers sell stakes when they participate in tournaments like in poker. I have seen that before and I believe there are also forums where well known players offer to others to pay some of their entry fee in return for potential winnings. But I don't understand why anyone would have a good reason to pay someone to gamble for them. If it is real gambling where it is all about luck it's like wasting money. And how would that be done? Will the investor be updated on what the paid gambler played? If anyone said that this is a business model, I definitely haven't heard about it ever. It doesn't make sense to ask someone to play roulette for them. I do get the point in poker, but even there it's something I wouldn't recommend to anyone.

[Kemarit]

The fact that gambling is involved, I don’t think he can be trusted when it comes to money matters. Although it’s okay if he will really use the money for good purposes, but when it comes to gambling using borrowed money, then never expect that he will still be able to repay you or even pay a portion of it.

However, I have never experienced financing a gambler ever since. And if it’s going to happen in the future, for sure I will never ride with it. I am a regular gambler so I know eventually the winning rate vs the losing rate. And most of the time, gamblers often lose so while the house is always the winner.

I definitely think that when it comes to gambling and lending money we shouldn't trust our friend who asks us to finance them because even if this person is our very close friend, we don't know or cannot predict whether they will be able to repay their debt if they loses that money. If this person is going to cover his/her personal expenses in exchange for borrowed money they will most likely pay the debt at as soon as possible but there is no guarantee that they will pay back if they loses money in gambling.

Exactly, even if it is a friend of ours though, we shouldn't trust anyone if we speak about finance and money. I will tell you a story about a big whale that I know if a land based casinos here. He is so trustful, if there is a word for that. I mean since he has a lot of money, he would simply trust anyone to hold that money for him. And there was this news that he entrusted someone, maybe he was a friend or very close to him. To withdraw his winning inside the land base casino. It was a huge amount of money. Unfortunately, the supposedly person withdraw that but didn't give the money to the whale and disappear. Now he is being hunted and there were appropriate court cases against that guy. Moral lesson is that trust is very subjective, and as far as money goes, everyone is tempted.

[Distinctin]

The fact that gambling is involved, I don’t think he can be trusted when it comes to money matters. Although it’s okay if he will really use the money for good purposes, but when it comes to gambling using borrowed money, then never expect that he will still be able to repay you or even pay a portion of it.

However, I have never experienced financing a gambler ever since. And if it’s going to happen in the future, for sure I will never ride with it. I am a regular gambler so I know eventually the winning rate vs the losing rate. And most of the time, gamblers often lose so while the house is always the winner.

I definitely think that when it comes to gambling and lending money we shouldn't trust our friend who asks us to finance them because even if this person is our very close friend, we don't know or cannot predict whether they will be able to repay their debt if they loses that money. If this person is going to cover his/her personal expenses in exchange for borrowed money they will most likely pay the debt at as soon as possible but there is no guarantee that they will pay back if they loses money in gambling.

I have never encountered a situation where a person asked me to finance their gambling but I have had friends to whom I lent money for their personal expenses. If any of my friends asks me to finance them gambling in the future I think I will definitely not accept this offer because as someone who gambles frequently I know that the gambler side always loses money. As you said ''house is always the winner.''

That's absolutely right. The fact that they're already borrowing money indicates that they've lost the funds intended for gambling. They borrow in the hopes of recovering their losses, but if they lose again, it's highly likely that the debts won't be repaid, and friendships can be strained or even broken. If it's for emergencies, like family matters or survival in tough situations, personally, I wouldn't hesitate to help. But when it comes to entertainment, like gambling, that's a big no for me.

[wxa7115]

That's absolutely right. The fact that they're already borrowing money indicates that they've lost the funds intended for gambling. They borrow in the hopes of recovering their losses, but if they lose again, it's highly likely that the debts won't be repaid, and friendships can be strained or even broken. If it's for emergencies, like family matters or survival in tough situations, personally, I wouldn't hesitate to help. But when it comes to entertainment, like gambling, that's a big no for me.

We need to be careful when lending money to someone that has shown the propensity to gamble a little bit too much for our tastes, and if they ask money from you because of an emergency they are facing and you want to help them you can do so, but do not give them any money.

What you need to do is to pay directly for what they need, this way you prevent that money to be spent in something else, and if they are lying you can caught them in the act, as they will insist that you give them the money instead and if they keep doing this to get money from you in this way then you will know they are lying, and you can refuse to help them knowing you could have lost that money and never get it back.

[BitcoinTurk]

Yes, the essence is the same because they cannot always win in gambling, especially in gambling. They can experience losses more often than they win. For that reason, if a friend wants to borrow to finance it to trade on the crypto or forex market or even gamble, we can refuse it and say that we don't have much money to be able to finance it. If it involves money, it will be more troublesome because there have been many cases where someone couldn't return the money they borrowed to their friends, so they had to stay away from their friends and don't want to have any contact with them anymore. This debt problem is risky for us because it can negatively impact our friendship, and many people have experienced this. We have to be careful in this matter and don't let it happen to us.

It would be very risky to lend money to our friends to gamble. We know they will have difficulty paying the loan later, especially if they experience losses and lose all their money. They will not be able to return the money while we also need the money for our daily needs. I often experience this, but my friend borrows not to gamble but to buy his daily needs. Sometimes, I can lend him money but I only use free money that I don't use for other things. For the free money, I did not demand that he immediately return the money because I considered the money as a donation for his family and children, so I did not expect the money to be returned to me. But sometimes I can't lend him money because there are needs that I have to fulfill and he can understand my situation.

Of course, talking specifically about gambling it would be correct to point out that such people generally lose much more money than they earn. Moreover, in such a case the risk and return ratio will be abnormally unbalanced because it is very difficult to know when the person we are financing will stop gambling if they earns money from gambling but it is a fact that they will not stop gambling until they loses all the money they borrowed. Although I wouldn't agree to lend money to a friend who asks me to finance them for forex and cryptocurrency trading. I think it wouldn't be right to compare it with gambling. Indeed, a person who has experience in financial markets may have a higher rate of winnings compared to losses because this literally depends on experience but unfortunately this isn't the case in gambling. However, regardless of the circumstances and the earning status of the person being financed I think that in general the risk of loss and risk threshold will be greater if one gambles or trades without risking one's own money. Of course, when this is the case, this person will not be able to repay the debt on time or at all after losing all the money which will trigger a negative impact on the friendship. Certainly, it would be a more logical decision to reject friends who ask to borrow money especially for gambling as this has the potential to both result in the loss of the financed amount and deteriorate the friendship.

Finally, I would like to point out that just as you mentioned, if a friend of mine wants to borrow money for their daily expenses because he/she is in a difficult situation I can definitely do my best to help him without waiting for their repayment but if they asks for a loan to gamble or trade in financial markets, ,n this case I will easily reject this offer.

[LUCKMCFLY]

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?The moment a person decides to make a loan, things can be very different, because that person will see if they use the loan to gamble or for whatever, I personally would not consider looking for a loan just to play in a casino, Because I see that as a Double-edged sword , so I don't see it as Correct , of course it's my way of thinking, there are people who tend to have a lot of confidence the same way , and well I'm not Capable of doing it, the most reckless players can make the difference I think that's all they can do.

Some people are very Confident in their Style of Play , but the truth is that I or there would be something like that, I think it is more feasible to risk money in futures than in a Casino , people who risk money in a casino for a loan know that that It is like putting salt in water, and that is something that basically cannot be done because things When it comes to money must be protected and it is something that must be considered at all times, this is why in a casino things must be clear about the amount of gambling, a casino Does not care where the gambler gets the money from, the casino is interested in who brings in money, because that is what it Bases its business on, on putting a bath on its customers, I don't see the rest Something else is more feasible, for people who risk their money in the casino, I don't see it as bad, each person decides how to make their money come and go, but I think that risking money that is requested in the forum is wrong, because if it is lose how will he do? You still have to pay it, you can't keep the loan just like that, you have to pay for it. When things are about how to have more money, people come up with many things , sometimes crazy, and sometimes craz very desperately , so in this order of ideas you cannot lose control, you should always do things naturally without having to risk too much, because if you lose everything , that's where it all ends.

Its shocking how often individuals confuse sound financial decisions with bad behaviors. Seriously, gambling with a loan? Its crazy. You're right: casinos feed on players' insecurities and urges. Money flow, not source, is their main focus. This is the harsh reality. Some may claim that confidence in one's style of play can help, but thats risky. Why? Because gambling with borrowed money leads to financial catastrophe.

They take that decision to ask for money for someone since they are desperate to recover their lose and the only solution they see is to borrow money from someone so that they can extend their gaming time then chase their loses. Although this is really bad since we all know how they will end up especially the money they use is borrowed from other people so if they lose it gives them a double problem. This is not good so hopefully those people doing this will realize that its not good to use the money not on your hand on gambling so you will not get more bigger problem if luck doesn't come on our side.

for people thinking about doing this then maybe better if they save up theirselves so that there's no stress to receive especially if the person ask some loan is not a good payer.

Would really be just that normal on having that kind of decision on which if your gambler friend would really be asking for some loan or would really be borrowing money and you've seen that he's involved with gambling thing then it would really be just that common sense that you would really be that rejecting out such request or simply ignore considering that he's already showing that kind of compulsive gambling
and you are already assuring that he/she cant really be able to pay up those loans or borrowed money on time.You wont really be that blind on not to see those things in your front or something that it is already that obvious.

Going back into the topic about financing a gambler then there are people saying about Casino junkets and i dont know on how this thing works but this really do looks the nearest possible
reason on why there's someone who would really be trying to reach out on a certain gambler which does have good gambling winning rate.Dont know on how
these mixed up of funds do work but this one correlates about some money laundering thing but well its not really that something that seriously to be believed on.
For those people who are minding about their reputation and doesnt really like to get involved with some possible problems then they would surely be ignoring
these kind or type of offers.

The truth is that we think that lending money is for a need, something very big, for a need that has nothing to do with having fun, because it is something that doesn't make much sense, of course, that's my way of thinking, but there are people who do it Everything for wanting to have some fun, although I don't have a problem with that, but as long as they have the ability to pay , this is something that I couldn't do, there are people who find themselves in only one fate, which are common obligations, which They have a lot of money, I think that in those cases if one of those People who are the favorites or the most favorites of the owners, they should Have no problem lending them some money or giving them some credit, because they know very well that they can pay for it. ar with the precision and in the given time, so for these cases there are no problems, but in the casino of a player who is somewhat difficult to get money, but by working and working hard, because it is something that can happen, this type of person is the that they should not make any type of loan to be in a hut or jungle, it seems to me that it is a very irresponsible act, because it does not make any sense to me.

The people who normally ask for loans inside a casino and do not Pay , are the ones who go in a direct direction towards addiction, and that is something that is not good, I do not accept anyone who goes down that path of lending money, yes, the money is gone , because loans cannot be made to play, because it is very certain that they will lose money, and it is not Recommended, it is like giving more stress, more stress, people generally when they play with need and with stress, not gnaan, because pressure is something that does not allow anyone to play well, in fact the games in the casino were made to have fun not to be bad, and that is what we should avoid, I could not do something like that because basically when a person does not play for fun but out of necessity, the brain changes, and things become more focused and they may play perfectly, but if they are not lucky , there is Nothing to do.

[0t3p0t]

Here in my place, it is common here in my place where someone is going to finance a person they think is lucky or good for the particular game. You can see it in cockfighting and cara y cruz. There are times financers were getting double crossed or tricked by whom they've trusted that is why they are now present watching the game. It is actually risky for both the financer and the person who played the game though some financer just literally hire and pay the player win or loss.

[Assface16678]

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?

Yes, I personally have a colleague at work who does gambling, and I invest in him. So far, it's good because we have a contract about the share or earnings. I, of course, make sure that I will not be scammed or lose my money, so we talk about the contract carefully so it will be beneficial for both of us. Well, I also assess him first before I invest; I ask for proof of legitimacy or his earnings through gambling; and I also observe him for a specific period of time. In short, I do my own analysis to determine if I'm going to trust my money to that person. So far, the income is continuous and fixed, and I also earn beyond the capital that I gave him. In fact, I put in more money little by little to expand my earnings, and right now I truly trust that person. How about the others? I think some experience is the opposite of what I've experienced.

[Japinat]

Here in my place, it is common here in my place where someone is going to finance a person they think is lucky or good for the particular game. You can see it in cockfighting and cara y cruz. There are times financers were getting double crossed or tricked by whom they've trusted that is why they are now present watching the game. It is actually risky for both the financer and the person who played the game though some financer just literally hire and pay the player win or loss.

The risk is definitely on the financiers, but these individuals are well-known in the community, and they aren't gullible enough to fall for scams. If the person being financed were to attempt to rig the game, they should also consider their personal safety. Once these financiers discover any foul play, they could take extreme measures to protect their interests.

It's all about trust. When someone entrusts you with their money, never attempt to cheat behind their back, especially when you're aware that they have both the means and a strong connection to the gambling world. They certainly have the capability to deal with those who betray their trust.

This also extends to other sports as well, such as billiards. When you encounter someone with exceptional talent in billiards, you can offer them support, and if they bring in profits, the financier might provide a certain amount for a job well done. For the talented individual, there's no risk involved; they just need to be honest and loyal.

[Jawhead999]

I'm a person who don't like to lend my money to someone else including my trusted friend because money is really easy to broke someone relationship. Even a trusted friend, I might not lend my money, what about a gambling addict? 0% chance.

I'd rather to donate my money for poor people who can't afford to buy foods than someone which used the money to donate for the rich people aka the house.

[Strongkored]

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?

If I'm not mistaken, I've read threads like this but don't know for sure the truth and if that happened to me then the answer I would definitely give is to reject it, let alone gambling, even for trading in the forex or crypto market, I would still reject it because of the certainty of profit in such activities are highly uncertain, so it would be better to refuse them.
Even when a friend of yours comes to borrow not with a profit-sharing system but for gambling or trading, it is better to refuse because he will face difficulties in paying it off later unless you have no problem losing the money because you want to maintain your friendship with him because it is difficult to refuse.

[maydna]

~snip~

I think that what is true is that some gamblers sell stakes when they participate in tournaments like in poker. I have seen that before and I believe there are also forums where well known players offer to others to pay some of their entry fee in return for potential winnings. But I don't understand why anyone would have a good reason to pay someone to gamble for them. If it is real gambling where it is all about luck it's like wasting money. And how would that be done? Will the investor be updated on what the paid gambler played? If anyone said that this is a business model, I definitely haven't heard about it ever. It doesn't make sense to ask someone to play roulette for them. I do get the point in poker, but even there it's something I wouldn't recommend to anyone.

I've never seen it, but it could be what you say. If it's true, maybe they have their reasons for doing that. Or perhaps they know gamblers and then ask them to gamble for them. They act like investors who hand over their money to someone else and will enjoy the results, but they are really looking for someone they know who is an expert at gambling so they can win. For them, perhaps it is their newest business model to make money where they don't have to bet directly but hand it over to an expert. Well, anything can happen, especially since this is gambling, and some people are really experts at playing poker and roulette or other gambling games.

[moneystery]

if a gambler came to me and asked me to help him finance his gambling and promised to share the proceeds of his gambling later, i would immediately refuse him right then and there, even if he was a close friend of mine. it does give the impression that i don't believe him, but that's not because i don't believe him, it's just that the reason isn't right for me to lend him my money.

moreover, gambling carries the risk of losing money and to be honest, i'm not someone who has the luxury of lending someone money for their gambling. if they want to gamble, they should just use their own money so they won't lose twice if they lose.

[piebeyb]

I'm a person who don't like to lend my money to someone else including my trusted friend because money is really easy to broke someone relationship. Even a trusted friend, I might not lend my money, what about a gambling addict? 0% chance.

I'd rather to donate my money for poor people who can't afford to buy foods than someone which used the money to donate for the rich people aka the house.

Yes, there have been many cases that have happened just because debt has damaged friendships, therefore, don't ever try to lend money, let alone to fund gambling, because there will be risks involved, apart from losing, relationships are also damaged because of debt, the right way is to donate to people who need or give something that is right, for example food to people who cannot afford food or the poor.

Your method is correct and as much as possible look for reasons that don't offend your friends when your friends try to borrow money from you, especially for gambling. The most difficult thing is also to look for reasons that maybe our friends can understand and not think of us as stingy friends and In the end it also damages friendships, but lying a little is okay for a reason, I don't think it will be a big problem to prevent your friend from owing you money. 

[Kelvinid]

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?

Maybe for other reasons aside, I would but when it comes to gambling --I hereby decline right away even if that person offers a huge share. It is gambling and we know that there is no assurance of winning, I don't we have to compromise finances to others.

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

It was hard to trust someone when it comes to gambling. I'd rather gamble myself rather than let someone do it using my money. It doesn't matter if I lose as I enjoyed it than when someone makes use of our funds as it doesn't matter for them if they lose because it was not their money.

[YOSHIE]

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?

100% I say that this kind of action and behavior is unhealthy and unreasonable. Remember, if a friend offers you gambling and asks for money to bet, I dare say that friend gambles often and loses often, you could say very often, don't respond to a friend like that.

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

I've never seen what that is....

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

For me no, I don't believe that, other people I don't know, gambling is really luck, gambling is not a business that can make a profit.