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Author Topic: Ever heard about financing a gambler?  (Read 3200 times)
piebeyb
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November 17, 2023, 08:41:53 AM
 #261

It's true what you said, even if they are experts in gambling it will not guarantee victory. But it depends on the trust of each person, because it takes more consideration to finance gamblers. I myself prefer to invest the money I have rather than financing gamblers because I think it will only fulfill the person's desire to gamble not to share the profits.
Yes, you are right, everything comes back to their own choices, there is no compulsion for anyone to finance, let alone fund a professional gambler, even an expert, just to look for other luck, as you also said, all of this does not guarantee victory, because every professional gambler or ordinary gambler Still, even though they have very different abilities, in the end they all rely on luck.

You can use money to invest, that's good, but to gamble, I prefer to use my own skills to find more in-depth information about the bets I'm going to try to play, so it's better to gamble for myself without having to use the services of other people to play with my money, which is likely I also don't always win, the point is that playing at your own risk is better than looking for other risks.

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November 17, 2023, 11:13:43 AM
 #262

I really do not see it as bad offer after all it is a good business idea and we all know that business is all about risk and only those who can withstand the storm can sail through bit as a fellow I would ask you this question and from your response I will know wether to invest or not;
1. What is your gambling budget?
2. How successful are you as a gambler?
These two questions would give me the replies to your investment proposals and not until you answer me correctly, I would give you nothing because as a gambler I know what it means and what it takes to gamble and win a game. So I would not be in the dark just to please or satisfy your ego all in the name of financing your gambling proposals.
No matter how good a gambler can be in his gambling activities, one of the things I can never do is to finance his his gambling engagements all in the name of getting back a certain amount of money whenever he wins because as far as I'm concerned, there's no body that's too good from losing in gambling. I'll rather take the risk myself and gamble and if I fail to win, I'll take the blame myself instead of putting it on someone else.
Financing a gambler isn't a safe practice at all but then some persons have tried it out and it turned out well for them as they were lucky with it, but it still doesn't mean it's something one should engage in. Some gamblers are very much experienced and would want to present that as a reason you should finance their "expertise".

But then if you ever get so convinced about any gamblers prowess and want to fund Or finance them, it's important you know that what you are doing is very risky and you in no way should have the gambler to blame if things turns out other wise, because it's mostly a game of luck and doesn't turn out a successful all the time , personally I wouldn't buy in to the idea but if someone else finds it okay and wants to do it I aswell wouldn't advise otherwise it's a matter of choice but they should be aware of the dangers attached.

Yes some people tried it and it worked for them but that does not mean one should rush into my investing in it. What works for A might not work for B if B decides to follow the steps of A to go into it because there might be some certain things A is doing that B might likely have no knowledge about. So things does not work that way as gambling is a game that you can not easily predict that way. Investing in it makes you bear the risk involved with the fact that you are liable for your actions.

Gambling is not what delving into just like that all in the name of investment. One would need to weigh the risk involved and know their stand before thinking of making a move to invest in it. The gambler making such investment offer should be able to convince the investor on how he or she could be able to succeed in the game if the need be because as we all know gambling is very risky as no one can predict the outcome.

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November 17, 2023, 12:56:24 PM
 #263

Honestly, I never thought of giving my personal money to them to gamble with the agreement that if they win, we will share a few percent. It never crossed my mind to fund those gamblers, no matter if they are experienced or not, and also I will not accept if they provide some evidence that they have managed to get a big win in the past. Let's discuss this logically and use our common sense. Are you sure you're going to give them money for something so random? What if you lose, will they reimburse you? Even if they say they will reimburse you, it's honestly not a good way to make money. We have common sense and I think only stupid people would agree to such a deal.

Yes that's right, you can be an example to others, it's better to gamble with your own hands than to finance others, the fact is that no one can increase the chances of successive luck, it is always unexpected and unpredictable. And or you'd better not touch gambling at all, it's better to keep your finances safe. It's better for the money to disappear through your hands if you really want to gamble than to give it to someone else, the casino doesn't care about that at all.
There is no question of reimbursement or repayment if the gambler asks you to fund their gambling activities for a percentage share of the winnings, in this scenario, you get nothing back if the gambler loses your money because the agreement was to share the winnings and not the losses which mean that you only have a chance to get something back if the gambler manages to win and we all know that it is not easy to win in gambling as the odds are mostly in the favor of the house at the end of the day.

So, no one in their right senses would ever agree to do something like that where they know they are most likely going to lose their money when they are not even gambling themselves which would have at least allowed them to enjoy the games for a while but in this case, they are just wasting their money for nothing.

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November 17, 2023, 05:37:28 PM
 #264

It's true what you said, even if they are experts in gambling it will not guarantee victory. But it depends on the trust of each person, because it takes more consideration to finance gamblers. I myself prefer to invest the money I have rather than financing gamblers because I think it will only fulfill the person's desire to gamble not to share the profits.
Yes, you are right, everything comes back to their own choices, there is no compulsion for anyone to finance, let alone fund a professional gambler, even an expert, just to look for other luck, as you also said, all of this does not guarantee victory, because every professional gambler or ordinary gambler Still, even though they have very different abilities, in the end they all rely on luck.

You can use money to invest, that's good, but to gamble, I prefer to use my own skills to find more in-depth information about the bets I'm going to try to play, so it's better to gamble for myself without having to use the services of other people to play with my money, which is likely I also don't always win, the point is that playing at your own risk is better than looking for other risks.

I'm not sure what to make of this, but i think it's just a gimmick they're doing, because then they can gamble again without their own capital, with the guarantee of returning even more than the funds they gave. i think this doesn't even make sense, it's better to invest than to finance people to gamble, because it will only fulfill the desire of those who want to gamble without capital. no one knows that we might be more fortunate from gambling than people who are coldly financed to gamble.

Although investment has its risks too, but it's not like gambling, for sure they may be more interested in gambling or maybe they don't know about investment. instead of telling others to play I prefer to play myself to feel the sensation of gambling.

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November 17, 2023, 06:19:59 PM
 #265

Yes, it should still be done with the aim of having fun and without the desire to chase the win. However, people who want to fund their gambling do not need to do so with a lot of money and only enough because whatever it is, a person will not always be able to win because this is gambling. If he can understand this and the people he wants to fund also understand, he cannot ask for more than he can afford. Only some people can accept loss well and give up the money used to fund someone because someone will ask for their money back. We also have to see who the person is first if we really want to try the abilities of someone who asks to be funded.
Yes, we cannot carelessly fund a gambler we don't know even if we know that person, but we also have to see whether he is more professional or just gambling recklessly.
It's true that we fund using a small amount, but if when we fund someone who is wrong, of course we will also think about the money lost in vain, even though later when funding more professional people will also lose, but at least in managing the bets they are not careless but it would be better not to have to fund anyone just use the money you can afford to lose to gamble yourself.

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November 17, 2023, 10:51:05 PM
 #266

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?


This seems like a deceptive scheme, and it's likely that only individuals lacking in critical judgment would fall for it. The promotion appears to emphasize the potential gains while conveniently overlooking the associated risks. In reality, such offers are typically skewed against your favor. You, as the participant, bear the primary risk, and even if successful, you might only receive a fraction of the winnings, not cool.
Why do we have to finance a gambler when we can do it ourselves? Although there are be gamblers that are very good in a particular game and the need of sponsoring them for a competition or bet can be very tempting but I don't think that is the best. There are people you can sponsor and notice that when they finally won, they may never recognize you and compensate you for sponsoring them and giving them the opportunity to stand strong and win. Although it is obvious that people are very different and their are people that would not behave this way but everything is very risky.

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November 18, 2023, 03:19:50 AM
 #267

Why do we have to finance a gambler when we can do it ourselves? Although there are be gamblers that are very good in a particular game and the need of sponsoring them for a competition or bet can be very tempting but I don't think that is the best. There are people you can sponsor and notice that when they finally won, they may never recognize you and compensate you for sponsoring them and giving them the opportunity to stand strong and win. Although it is obvious that people are very different and their are people that would not behave this way but everything is very risky.
In that case then it could be a good idea to not lend that money just like that and involve a lawyer that may draft a legal document which states very explicitly what you are supposed to receive for the money that you are lending to that person.

That way they cannot conveniently forget they owe you money, and in the case they do not want to pay, you will have the necessary paperwork to take them to court and eventually recover all the money you lent to them.
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November 18, 2023, 03:47:23 AM
 #268

Yes, it should still be done with the aim of having fun and without the desire to chase the win. However, people who want to fund their gambling do not need to do so with a lot of money and only enough because whatever it is, a person will not always be able to win because this is gambling. If he can understand this and the people he wants to fund also understand, he cannot ask for more than he can afford. Only some people can accept loss well and give up the money used to fund someone because someone will ask for their money back. We also have to see who the person is first if we really want to try the abilities of someone who asks to be funded.
Yes, we cannot carelessly fund a gambler we don't know even if we know that person, but we also have to see whether he is more professional or just gambling recklessly.
It's true that we fund using a small amount, but if when we fund someone who is wrong, of course we will also think about the money lost in vain, even though later when funding more professional people will also lose, but at least in managing the bets they are not careless but it would be better not to have to fund anyone just use the money you can afford to lose to gamble yourself.
People who fund gamblers to gamble are people who purely want to win without doing it, but it's not that easy. Especially with people we don't know and also don't know the traces of that person's gambling, and that is very risky.
And if someone wants to do this, it's best to find out the trace or ask directly as proof that the person is an expert at gambling and always wins.
And what we have to realize is, if the person is an expert and always wins at gambling, why should they be funded? Because if that's true, why doesn't he do it himself with his own capital so that he can fully own his winnings, and the question is why does he need other people's funds to gamble and this is definitely an important question. Because the person does not have the funds to gamble and only relies on or looks for people who want to fund it.
And if it were me, I wouldn't do it because I want to gamble alone with enough capital just to have fun and enjoy the game.
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November 18, 2023, 04:54:15 AM
 #269

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?



In my opinion, hiring a gambler is something that happens in big casino gambling areas. I believe gambling is not only related to pure luck. There are many types of gambling, like casino games, sports betting, lottery games, online gambling, etc. I didn't say that every gambling game will financially hire gamblers, but some games are definitely exceptional. Luck is the unexceptionable factor in any gambling, but a good gambler also has some skills and knows the rules and tricks to win the money. Gambling games are not solely dependent on luck, so if someone is willing to pay the money for gambling but doesn't know how to play, surely he will hire a gambler who plays well and make some money for himself. But I am not sure about the dark secrets of gambling financing.

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November 18, 2023, 02:21:50 PM
 #270

~snip~
This is because they will experience large losses compared to the winnings. because basically everyone wants a big win, and they also if they have lost or run out of capital and money they can borrow money to return to gambling like you said, but if they do this, of course, they will get into trouble later because gambling is not sure that they can return the losses they have experienced so that they cannot repay the debt they borrowed at the beginning for gambling capital. And this has also been done by many gamblers and some have even terrorized their daily lives because they do online loans. maybe you mean "lending money to people who want to open a business" not "borrowing from people who want to open a business".

It's true what you said, even if they are experts in gambling it will not guarantee victory. But it depends on the trust of each person, because it takes more consideration to finance gamblers. I myself prefer to invest the money I have rather than financing gamblers because I think it will only fulfill the person's desire to gamble not to share the profits.
We all want a big win, but unfortunately, not many can get it, and even if we use a lot of money and borrow money, that doesn't guarantee we can win big. Everything will probably be determined by the skills and luck we have so that we can win big. And if someone says they want to borrow money for gambling capital, we should not lend them money because there is a possibility of losing all their money. Usually, those who borrow this money will exceed our limits in gambling, and that is why we can refuse them because it will clearly disrupt the allocation of funds we use for gambling, especially if we take money from allocations elsewhere. You are right about "loaning money to people who want to start a business." Grin

I also choose to invest the money I have rather than pay for the gamblers because by investing, I can increase the profits I can get. Meanwhile, if I finance other gamblers, I could actually lose all the money because of the loss factor received by the gambler. And I don't want that to happen to my money.

~snip~
Yes, we cannot carelessly fund a gambler we don't know even if we know that person, but we also have to see whether he is more professional or just gambling recklessly.
It's true that we fund using a small amount, but if when we fund someone who is wrong, of course we will also think about the money lost in vain, even though later when funding more professional people will also lose, but at least in managing the bets they are not careless but it would be better not to have to fund anyone just use the money you can afford to lose to gamble yourself.
Even if I know the person, it will not make me want to lend him money to gamble because I know that in gambling, a person can experience losses more often than he wins. I don't want to risk losing all his money, and when I collect his money, he won't be able to pay it. That could make our relationship worse because he can't return the money when I need it. Even though he is a professional gambler, I still wouldn't do it because a professional gambler will definitely have a way to earn money and not by borrowing money from other people. They really know how to treat money and gambling at different times as well as at the same time.

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November 18, 2023, 09:36:31 PM
Last edit: November 20, 2023, 02:38:08 PM by tusandii
 #271

~snip~
Yes, we cannot carelessly fund a gambler we don't know even if we know that person, but we also have to see whether he is more professional or just gambling recklessly.
It's true that we fund using a small amount, but if when we fund someone who is wrong, of course we will also think about the money lost in vain, even though later when funding more professional people will also lose, but at least in managing the bets they are not careless but it would be better not to have to fund anyone just use the money you can afford to lose to gamble yourself.
Even if I know the person, it will not make me want to lend him money to gamble because I know that in gambling, a person can experience losses more often than he wins. I don't want to risk losing all his money, and when I collect his money, he won't be able to pay it. That could make our relationship worse because he can't return the money when I need it. Even though he is a professional gambler, I still wouldn't do it because a professional gambler will definitely have a way to earn money and not by borrowing money from other people. They really know how to treat money and gambling at different times as well as at the same time.
You have a very right choice because you decided not to fund anyone to gamble because there are many bad impacts in the long term and most often, for example, if you fund a friend or anyone you know too often, it will make their mind get used to asking you for help and Another impact is that you will lose a friend when you refuse to fund it.
This happens very often and you have very wise way to continue funding yourself without having to fund other people.

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November 19, 2023, 05:13:18 PM
 #272

~snip~
You have a very right choice because you decided not to fund anyone to gamble because there are many bad impacts in the long term and most often, for example, if you fund a friend or anyone you know too often, it will make their mind get used to asking you for help and Another impact is that you will lose a friend when you refuse to fund it.
This happens very often and you have a very wise way to continue funding yourself without having to fund other people.
Once we fund them, they will come back to us and ask us to fund them again. By funding them, at least it has given them the opportunity to think that we can be a place to ask for money to fund their gambling. We must be able to refuse those who want to ask us to fund their gambling because, after all, it is not good for them or us because money problems can make everything bad, especially if the money is used for gambling. It is better for us to fund ourselves than to fund others. At least we can be responsible in gambling, and we will also gamble only with the money we can afford so that we will not gamble excessively.

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November 19, 2023, 05:29:04 PM
 #273

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?

In some ears, that sounds perfect, and in others, it does not make any sense at all, because this is entirely a double potion of risk that the person is going to get themselves involved in; the person who has the game and wants to play it is already taking a risk, and the person who they walk up to and demand sponsorship is also getting the person involved in the risk they are taking, and I don't see that as a good thing to do.
 
If I see such a person, I won't even give them a listening ear unless I have some left-over money that I can give to them for free; if not, I won't risk a penny for such a person, because if the game does not enter as they expect, the person will lose both the one they have to bet with and the one that they were sponsored with.

.
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November 19, 2023, 05:40:43 PM
 #274

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?

It sounds like a catch 22 situation, why would a good and profitable gambler ever need backing from an outside source? If they were making a profit then they could find their own expansion, which just leaves scenarios where you are giving money away to bad gambler's or downright fraudsters. Some people may do this on a high level by backing certain very skilled poker celebs, but the average person won't have access to that or be interested in putting up the sums that they would need. There are a lot of delusional people out there who are happy to spend your money, just be wary.

R


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November 23, 2023, 01:23:17 PM
 #275

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?

Nothing make sense in the world of gambling to be honest with you. Everyone play, become addicted, or have some fun, but still they are going to lose money in the end. And so if someone approaches me with that kind of proposal, I wouldn't accept it. I will try to reason out that it's not a good thing to do and besides I don't have money or extra in my pocket.

Just make sure that you explain it in a nice way and don't be rude as he might take it negative. And if ever I had the money, I still wouldn't lend some even if the proposal is good, like I will have the big percentage of the cut, but still though, he will not shell out money and you will, and then the risk involved. We all know that in gambling, no one is going to win in the end.

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November 23, 2023, 01:30:47 PM
 #276

~snip~

Personally, I don't see any point in financing someone, no matter what they say about themselves. Usually finance that brings income and better without unnecessary risks, which in gambling is plenty. In addition, gambling is a form of entertainment, not earnings.

That's how you finance someone once and you will have a queue of people who want to get money. So no, I do not trust my money to anyone.

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November 23, 2023, 01:31:46 PM
 #277

Nothing make sense in the world of gambling to be honest with you. Everyone play, become addicted, or have some fun, but still they are going to lose money in the end. And so if someone approaches me with that kind of proposal, I wouldn't accept it. I will try to reason out that it's not a good thing to do and besides I don't have money or extra in my pocket.

Just make sure that you explain it in a nice way and don't be rude as he might take it negative. And if ever I had the money, I still wouldn't lend some even if the proposal is good, like I will have the big percentage of the cut, but still though, he will not shell out money and you will, and then the risk involved.
You will even feel some kind of regret if the money that's on your hand and was given to support or finance you losses. I don't want to receive money as well when someone approaches me that way about financing me with gambling or even with any investments.

I don't have that confidence of touching people's money even if they're going to give me permission. It's because I have that belief that if it's not my hard earned money, I should keep it off my hands.

We all know that in gambling, no one is going to win in the end.
There is, the house.  Cheesy

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November 24, 2023, 01:59:06 AM
 #278

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?

Nothing make sense in the world of gambling to be honest with you. Everyone play, become addicted, or have some fun, but still they are going to lose money in the end. And so if someone approaches me with that kind of proposal, I wouldn't accept it. I will try to reason out that it's not a good thing to do and besides I don't have money or extra in my pocket.

Just make sure that you explain it in a nice way and don't be rude as he might take it negative. And if ever I had the money, I still wouldn't lend some even if the proposal is good, like I will have the big percentage of the cut, but still though, he will not shell out money and you will, and then the risk involved. We all know that in gambling, no one is going to win in the end.
It does not really make any sense, because even if we were to give the benefit of the doubt to the friend and assume they can do exactly what they claim, at the end the one taking all the risk is yourself, since you are the one forking the money for this supposed business opportunity.

And obviously you do not need to be a genius to know this is a terrible proposal, because if that friend lost your money then they will not reimburse your losses, and if anything they may try to convince you to spend more money so they can recover the money they have lost already.
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November 24, 2023, 04:11:04 AM
 #279

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?

Nothing make sense in the world of gambling to be honest with you. Everyone play, become addicted, or have some fun, but still they are going to lose money in the end. And so if someone approaches me with that kind of proposal, I wouldn't accept it. I will try to reason out that it's not a good thing to do and besides I don't have money or extra in my pocket.

Just make sure that you explain it in a nice way and don't be rude as he might take it negative. And if ever I had the money, I still wouldn't lend some even if the proposal is good, like I will have the big percentage of the cut, but still though, he will not shell out money and you will, and then the risk involved. We all know that in gambling, no one is going to win in the end.
It does not really make any sense, because even if we were to give the benefit of the doubt to the friend and assume they can do exactly what they claim, at the end the one taking all the risk is yourself, since you are the one forking the money for this supposed business opportunity.

And obviously you do not need to be a genius to know this is a terrible proposal, because if that friend lost your money then they will not reimburse your losses, and if anything they may try to convince you to spend more money so they can recover the money they have lost already.

That's what trust could lead to. If you trust a person to succeed in gambling, you'll risk your money without questioning him much, given that you know his credentials. If he loses, then it's up to you whether you are still willing to finance him to see if he'll end up profitable. Though this is quite risky, being a gambler already considers ourselves to be risk-takers, so we decide whether we are willing to experiment on this to improve our profitability.

It's just a matter of success and failure; once it fails, you won't finance again. But if the person is winning, that would help you earn consistent profit, provided he sticks with the same setup.
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November 24, 2023, 04:27:35 AM
 #280


It's just a matter of success and failure; once it fails, you won't finance again. But if the person is winning, that would help you earn consistent profit, provided he sticks with the same setup.

That's how a gambler should think. It shouldn't complicate things. We're all in this to expect two possible outcomes: either we lose or we win. Similarly, when trusting a person, it's akin to a gamble with agreed-upon terms. If they succeed, we win; if they fail, we lose. It's that simple, right?

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