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Author Topic: Ever heard about financing a gambler?  (Read 3200 times)
danherbias07
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October 20, 2023, 02:29:57 PM
 #161

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.
Nicely said and I agree with you.
But there are gamblers who can provide proof that they won, especially in poker games where champions are being photographed and they post it on social media. I've seen one of my friends on one poker page and it's not just once but it had been a lot of times that he won the top prize in a poker tournament.
Will you invest in those types of gamblers? I mean, they have the proof to back up their claims that they can win and they are not fooling around even if they are using the money of those who invested to his skills. IMO, I will invest with them especially if I know the person so that my money will be safe and no scam will happen or they will not runaway. Besides, it's not a casino game that relies on house edge so I think poker players are good to invest with.

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October 20, 2023, 02:51:15 PM
 #162

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?
Nope, why does someone have to be such dumb?

One who is going to finance carries the complete risk if the player loses in the bet whereas if he wins only a portion will be shared! Why not just take the risk by the one who can finance it and eliminate the middleman? Wink

I don't think you should lend money for such things even if the person asking is your closest friend, only supporting them in real life doesn't help them to satisfy their wants.









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October 20, 2023, 05:43:33 PM
 #163

when most people are warning people not to borrow money and not to use money that was intended to pay bills in the real world, and because people know the danger of the serious consequences of using money that one cannot afford of losing and putting in the casino. Gambling games were designed so that the house always wins, so if you put in $100 and play a game of chance, you will lose all $100. I know that on many YouTube channels and Telegram channels there have been people who consider themselves professional bettors who keep saying that they make a living from sports betting, but these professional bettors don't show the value of their bankroll

and in most cases what has happened is that a certain betting house sponsors YouTube channels and the owner of the YouTube channel keeps betting money on that betting house, the guy even shows high amounts of money that he is placing on the bet he made in the betting house that is sponsoring his channel, this makes people think that it is possible to make money with sports betting and as a consequence people start to borrow money, other people sell their assets to bet. This is because they are being deceived by videos of people who consider themselves professional gamblers, instead of looking at gambling as fun and playing for fun. they begin to delude themselves that they can make a profit and lose everything

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October 20, 2023, 06:08:04 PM
 #164

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?
It makes no sense. Will not pay friends or relatives to gamble even if there is a return of winnings, I don't believe in getting rewards, gambling is based on luck so there are many losses not wins.

Have you heard of such before? What is the end result if you have?
Never. So I don't know the result.

Why would you trust anyone to gamble better than you can when it's all about luck?
That's why I don't trust anyone but myself who plays it.

Is anyone doing this on here?
Will refuse.
I prefer to give money to friends / relatives a little but not for gambling, as for them to use it for that is not my business, I don't expect anything in return.

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October 25, 2023, 04:01:04 AM
 #165

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?
Nope, why does someone have to be such dumb?

One who is going to finance carries the complete risk if the player loses in the bet whereas if he wins only a portion will be shared! Why not just take the risk by the one who can finance it and eliminate the middleman? Wink

I don't think you should lend money for such things even if the person asking is your closest friend, only supporting them in real life doesn't help them to satisfy their wants.
Besides if that person needs to be financed to gamble that says a lot about the potential profits they can get in return, as if they were as good as they claimed then they will not need to ask for such a loan as they will have a lot of money from their previous bets.

So regardless of the point of view we may use to look at such scenario lending that money is simply a bad idea, now this is a decision that could strain your relationship with your friend, but that is better than losing your money and then going through those troubles anyway.

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October 25, 2023, 05:20:12 AM
 #166

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?
It doesn't make any sense. Even it's a close friend (or a family) I won't give money to finance his gambling activity knowing how risky it is. Moreover what if he lose? What's the deal? It's hard to earn money so it's not wise to just lend it to someone who asked you. Well, l might consider if he will use it for investment or business, but in gambling? I'll say no.

Because gambling is not a source to earn, therefore if your main reason for playing is to gain, you're treating it wrong. If he's confident to win then he can use his own money so he can enjoy his profit alone.

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October 25, 2023, 05:32:43 AM
 #167

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?
It doesn't make any sense. Even it's a close friend (or a family) I won't give money to finance his gambling activity knowing how risky it is. Moreover what if he lose? What's the deal? It's hard to earn money so it's not wise to just lend it to someone who asked you. Well, l might consider if he will use it for investment or business, but in gambling? I'll say no.

Because gambling is not a source to earn, therefore if your main reason for playing is to gain, you're treating it wrong. If he's confident to win then he can use his own money so he can enjoy his profit alone.


Exactly. Being closely relative is never a reason why I should allow you to finance your gambling activity.
There's nothing wrong if you wanted to gamble as long as you will use your own money, but depending on other people's money is not a good idea. Because if you lose, it will not just affect you but also the person who have lend you a money. So, if ever someone had walk up to you and ask to finance their gambling, even if that is your closest friend or relative, learn to say no and tell them your reasons. Because things like this should not be tolerated, because the time you have agreed on this, it's like you have tolerated them too. Also, when they use a money for gambling, they would not feel any sense of accountability from it because they are not using their own money. Because of course, they will not lose something after all, and the one who will suffer is the one who lend them money.



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October 25, 2023, 05:55:22 AM
 #168

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?
It doesn't make any sense. Even it's a close friend (or a family) I won't give money to finance his gambling activity knowing how risky it is. Moreover what if he lose? What's the deal? It's hard to earn money so it's not wise to just lend it to someone who asked you. Well, l might consider if he will use it for investment or business, but in gambling? I'll say no.

Because gambling is not a source to earn, therefore if your main reason for playing is to gain, you're treating it wrong. If he's confident to win then he can use his own money so he can enjoy his profit alone.
Apart from being difficult to get money and being able to return the money we have lent it can also worsen the atmosphere or damage friendships or harmony within the family because there have been many cases where friendships or families have been destroyed due to money problems.
Of course we always avoid things like that and prefer the safe path where we will never give loans to anyone including family especially if the money is used for gambling activities.

Instead of making profit they will actually lose money gradually and in increasingly large amounts.
And looking for profits from gambling is the same as looking for gold at the bottom of the sea which has small percentage of success and carries a very large risk.

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October 25, 2023, 09:18:42 AM
 #169

There's nothing wrong if you wanted to gamble as long as you will use your own money, but depending on other people's money is not a good idea. Because if you lose, it will not just affect you but also the person who have lend you a money. So, if ever someone had walk up to you and ask to finance their gambling, even if that is your closest friend or relative, learn to say no and tell them your reasons. Because things like this should not be tolerated, because the time you have agreed on this, it's like you have tolerated them too. Also, when they use a money for gambling, they would not feel any sense of accountability from it because they are not using their own money. Because of course, they will not lose something after all, and the one who will suffer is the one who lend them money.
Instead of regretting it later after seeing the loss, which means we can't get back the money we borrowed, it's better if we don't give the money to finance the gambling. He should find someone else who wants to lend him money to gamble so that we don't lose money. We don't know what will happen to them while gambling because gambling only results in winning or losing, so we can't guess. We don't lend him money to gamble, it's for his own good because we don't want to see him lose when gambling, so it's better if we just refuse. Even though he said he already understood how to win, that didn't guarantee he could win from gambling.

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October 25, 2023, 09:39:44 AM
 #170

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?
It doesn't make any sense. Even it's a close friend (or a family) I won't give money to finance his gambling activity knowing how risky it is. Moreover what if he lose? What's the deal? It's hard to earn money so it's not wise to just lend it to someone who asked you. Well, l might consider if he will use it for investment or business, but in gambling? I'll say no.

Because gambling is not a source to earn, therefore if your main reason for playing is to gain, you're treating it wrong. If he's confident to win then he can use his own money so he can enjoy his profit alone.
it is the right decision that not all wins can be obtained easily even in gambling, so there is no reasonable reason to lend or finance anyone even if it is a close friend or family and use the money we have, after all if they really want to gamble it is better to use their own money is therefore better to be able to enjoy their own winnings than to use other people's money just because they consider us friends or family.

If they want to use borrowed money for the right things, for example trading or other right things, it probably won't be a problem, because if they go into debt or ask to finance gambling, there will be no chance of winning because luck and bad luck will not be predictable when it will come, so avoid that. is the right choice because gambling is not a steady source of income.

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October 25, 2023, 12:10:49 PM
 #171

I think my initial response would be “no”. I wont be considering it either.

But I know people during my undergrad who make it appear that they are investing into something and then me and classmates found out that he is betting on virtual cockfights. He dropped out and he left those people who “invested” to him with nothing. This is isnt really the same example to compare but that was why I think it is normal to be pretty skeptical if someone asked you to finance their gambling for a cut of the winnings. It just sounds too good to be true. I also dont want to tolerate my friend to do something like that especially if they are relying in it to gain income become I dont have much money to risk on my end either. I’d rather encourage them to get a real job and maybe after that, they can go on and pursue responsible gambling.

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.

Tho I understand that there are people who actually do this. It is possible that some of these financiers might be wealthy enough to take such risks without significant financial impact. Good for them Smiley There must really be lucky and smart gamblers who are worth financing for.

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October 25, 2023, 12:25:30 PM
 #172

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?
It doesn't make any sense. Even it's a close friend (or a family) I won't give money to finance his gambling activity knowing how risky it is. Moreover what if he lose? What's the deal? It's hard to earn money so it's not wise to just lend it to someone who asked you. Well, l might consider if he will use it for investment or business, but in gambling? I'll say no.

Because gambling is not a source to earn, therefore if your main reason for playing is to gain, you're treating it wrong. If he's confident to win then he can use his own money so he can enjoy his profit alone.
it is the right decision that not all wins can be obtained easily even in gambling, so there is no reasonable reason to lend or finance anyone even if it is a close friend or family and use the money we have, after all if they really want to gamble it is better to use their own money is therefore better to be able to enjoy their own winnings than to use other people's money just because they consider us friends or family.

If they want to use borrowed money for the right things, for example trading or other right things, it probably won't be a problem, because if they go into debt or ask to finance gambling, there will be no chance of winning because luck and bad luck will not be predictable when it will come, so avoid that. is the right choice because gambling is not a steady source of income.
A lot of people should know that. Gambling is not a source of income and there's no guarantee of winning. It's all about risking the money with only a small percentage of winning. Even if a close friend asks for money to gamble, denying it is the right thing to do. You will only suffer in the end if you provide for the request of financing for their gambling activities.

Borrowing money for trading, I don't agree with that. It will be a possible problem that will occur in the future. There's still a risk to face in trading and even those experienced traders still have a loss, it's better not to let anyone borrow money from you to use in trading.


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October 25, 2023, 02:05:09 PM
 #173

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?
Nope, why does someone have to be such dumb?

One who is going to finance carries the complete risk if the player loses in the bet whereas if he wins only a portion will be shared! Why not just take the risk by the one who can finance it and eliminate the middleman? Wink

I don't think you should lend money for such things even if the person asking is your closest friend, only supporting them in real life doesn't help them to satisfy their wants.
Lending money to gamblers should not be done at all because no one can guarantee that gambling will always win. The person who lends the money will be at risk of losing and it will be difficult to repay the money no matter how close friends are there will be risks to financing. Mostly introverts like to enjoy themselves and so they enjoy playing these people have inclusive traits. They are also fearless and are not afraid to bet on a single number every time hoping to win great prizes.

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SPIN

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boty
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October 25, 2023, 03:30:11 PM
 #174

Nope, why does someone have to be such dumb?

One who is going to finance carries the complete risk if the player loses in the bet whereas if he wins only a portion will be shared! Why not just take the risk by the one who can finance it and eliminate the middleman? Wink

I don't think you should lend money for such things even if the person asking is your closest friend, only supporting them in real life doesn't help them to satisfy their wants.
Lending money to gamblers should not be done at all because no one can guarantee that gambling will always win. The person who lends the money will be at risk of losing and it will be difficult to repay the money no matter how close friends are there will be risks to financing. Mostly introverts like to enjoy themselves and so they enjoy playing these people have inclusive traits. They are also fearless and are not afraid to bet on a single number every time hoping to win great prizes.
It is a big mistake if we choose to lend some money to those who want to gamble because it is very unlikely that they will be able to return the money they borrow to gamble. If we have friends who want to lend us money to gamble, it is better not to give it because it will make us lose money and it would also be better for our friends to invite them to find pleasure in other things so that they don't gamble.

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October 25, 2023, 04:15:26 PM
 #175

Nope, why does someone have to be such dumb?

One who is going to finance carries the complete risk if the player loses in the bet whereas if he wins only a portion will be shared! Why not just take the risk by the one who can finance it and eliminate the middleman? Wink

I don't think you should lend money for such things even if the person asking is your closest friend, only supporting them in real life doesn't help them to satisfy their wants.
Lending money to gamblers should not be done at all because no one can guarantee that gambling will always win. The person who lends the money will be at risk of losing and it will be difficult to repay the money no matter how close friends are there will be risks to financing. Mostly introverts like to enjoy themselves and so they enjoy playing these people have inclusive traits. They are also fearless and are not afraid to bet on a single number every time hoping to win great prizes.
It is a big mistake if we choose to lend some money to those who want to gamble because it is very unlikely that they will be able to return the money they borrow to gamble. If we have friends who want to lend us money to gamble, it is better not to give it because it will make us lose money and it would also be better for our friends to invite them to find pleasure in other things so that they don't gamble.

Let's assume that the person we lend money to gamble wins the bet and can repay it back but it doesn't make sense to me. We hold the risk if the person loses money while betting but if the person wins we only get the partial which can be whatever the agreed on terms. Why not just do it by us and take the 100% wins with you.









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October 25, 2023, 06:37:46 PM
 #176

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 will ask whether the person has his senses with him. Where is it done that someone else will finance someone gambling to win with the condition that if he wins, the portion of the winning will be given?

Anyone who asks for such help to finance their gambling should be regarded as an addicted gambler who doesn't know what gambling ought to be(for fun) rather than playing it to meet their financial gains

Have you heard of such before? What is the end result if you have?
Yeah, I have heard about that in the past and the end result was disastrous that both parties had a serious issue that leads to fight of who owns the lions share than the other.

R


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October 25, 2023, 06:45:53 PM
 #177

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 will ask whether the person has his senses with him. Where is it done that someone else will finance someone gambling to win with the condition that if he wins, the portion of the winning will be given?

Anyone who asks for such help to finance their gambling should be regarded as an addicted gambler who doesn't know what gambling ought to be(for fun) rather than playing it to meet their financial gains

Have you heard of such before? What is the end result if you have?
Yeah, I have heard about that in the past and the end result was disastrous that both parties had a serious issue that leads to fight of who owns the lions share than the other.
Funny enough is the fact that these persons that are being financed to gamble happen to be so good at it and make more wins than losses.
Unless the financiers are also gamblers and very close friends with the person sponsored for the gambling, I doubt this easily happens, as every single gambler is all about the big win that would set them up for life.

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October 25, 2023, 06:47:04 PM
 #178

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?
Nope, why does someone have to be such dumb?

One who is going to finance carries the complete risk if the player loses in the bet whereas if he wins only a portion will be shared! Why not just take the risk by the one who can finance it and eliminate the middleman? Wink

I don't think you should lend money for such things even if the person asking is your closest friend, only supporting them in real life doesn't help them to satisfy their wants.

Don't be surprised that people can go this far in making such request of this nature, what you think is the worst thing you could ever try or attempts doing may be someone's admiring act or decision to take, it's not something good to seek for financial aid for gambling, if you don't have the money it's as easy and better to stay off making bet than seeking for financial help jist because of gambling, if i see someone in such manner as well, am going to despise such, just as you can't borrow money for gambling, it shouldn't be demanded as aid towards gambling.



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October 25, 2023, 08:34:16 PM
 #179

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 will ask whether the person has his senses with him. Where is it done that someone else will finance someone gambling to win with the condition that if he wins, the portion of the winning will be given?

Anyone who asks for such help to finance their gambling should be regarded as an addicted gambler who doesn't know what gambling ought to be(for fun) rather than playing it to meet their financial gains

Have you heard of such before? What is the end result if you have?
Yeah, I have heard about that in the past and the end result was disastrous that both parties had a serious issue that leads to fight of who owns the lions share than the other.
Funny enough is the fact that these persons that are being financed to gamble happen to be so good at it and make more wins than losses.
Unless the financiers are also gamblers and very close friends with the person sponsored for the gambling, I doubt this easily happens, as every single gambler is all about the big win that would set them up for life.

Is that reality convincing enough? I would honestly question what kind of gambling they do and what methods they use so that they can get winnings that even exceed expectations. How is it possible that you can get even large amounts of results just by gambling that only relies on luck, honestly I don't really understand some of the speculation that says it's true. 

In my opinion this is not a good deal for both parties to do, unless indeed if they are ready with all the risks in gambling, in general and what I think is in accordance with the facts is that anyone who goes overboard especially for income in gambling then they will experience a downturn that they will never imagine. This is nothing but an activity to find entertainment or maybe to occasionally test your luck without any seriousness. So think first before you end up regretting this deal.

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October 25, 2023, 08:59:43 PM
 #180

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 will ask whether the person has his senses with him. Where is it done that someone else will finance someone gambling to win with the condition that if he wins, the portion of the winning will be given?

Anyone who asks for such help to finance their gambling should be regarded as an addicted gambler who doesn't know what gambling ought to be(for fun) rather than playing it to meet their financial gains

Have you heard of such before? What is the end result if you have?
Yeah, I have heard about that in the past and the end result was disastrous that both parties had a serious issue that leads to fight of who owns the lions share than the other.
Funny enough is the fact that these persons that are being financed to gamble happen to be so good at it and make more wins than losses.
Unless the financiers are also gamblers and very close friends with the person sponsored for the gambling, I doubt this easily happens, as every single gambler is all about the big win that would set them up for life.
If we do really just simply thinking sensible that it cant really be just that so easy on funding someone just to make them gamble or make out bets for you unless if you do have that illicit kind of intent then it might be possible but in the sense about in speaking about trust with funds then it is really that impossible that you wont really be having no doubts just in case this do really happens on you.
As for you as a gambler, then its impossible that you wont really be having those questions in mind in speaking about how would someone would be recognizing you on placing up some bets aside for themselves and since you are really that be suspicious if ever there's someone who would really be doing such act which you would really be ending up on thinking that there's something behind
with these kind of offerings. This is why better be careful on what you are dealing with.

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