Ever heard about financing a gambler?

[Questat]

The problem here is that people forget to document what will happen if the money is lost in gambling and will the borrower share the loss too?

Trusting someone or financing someone to gamble on your behalf doesn't necessarily require documentation, especially in the gambling world where words are often honored. When you fund someone to gamble, it implies a level of trust, and any potential benefits are typically shared according to the agreement. In the event of a loss, the responsibility falls on the financier, while the person gambling bears no responsibility for the losses. That's how it typically works.

[dezoel]

Interesting topic and discussion. I was watching a slot streamer earlier today named Syztmz and he was also discussing this topic and he made a very good point. He said, when you give money to a gambler, there are 2 possible outcomes:

1. The person will return your money
2. Money is gone

Now in both scenarios, the person giving out the money isn't earning anything but risking to lose the entire amount for absolutely no gain. Simple and straight.

[carlisle1]

The problem here is that people forget to document what will happen if the money is lost in gambling and will the borrower share the loss too?

Trusting someone or financing someone to gamble on your behalf doesn't necessarily require documentation, especially in the gambling world where words are often honored. When you fund someone to gamble, it implies a level of trust, and any potential benefits are typically shared according to the agreement. In the event of a loss, the responsibility falls on the financier, while the person gambling bears no responsibility for the losses. That's how it typically works.

This kind of setup is usually on the financer's side, the risk is high but if the level of trust is covered then there are still financers who are more than
willing to take it and look for the best outcome to produce.

It's different from borrowed money though, I mean trusting a gambler and letting him lend money from you in hope that he can repay you if luck permits him.

something that risk is too high, and the outcome is more likely in losing your money without any way of repaying you back,

[arimamib]

The problem here is that people forget to document what will happen if the money is lost in gambling and will the borrower share the loss too?

Trusting someone or financing someone to gamble on your behalf doesn't necessarily require documentation, especially in the gambling world where words are often honored. When you fund someone to gamble, it implies a level of trust, and any potential benefits are typically shared according to the agreement. In the event of a loss, the responsibility falls on the financier, while the person gambling bears no responsibility for the losses. That's how it typically works.

yeah.. a funded gambler is of course gonna play gambling in casino, not online gambling, which means there is already documentation by casino and the gambler's activity is traceable. Trust plays a significant role in financial arrangements between individuals, especially in the world of gambling. When someone funds another person to gamble on their behalf, they are essentially placing their trust in that individual to manage their money responsibly and make informed bets.

It's important to establish clear expectations regarding the division of winnings and responsibilities in case of losses, when a gambler is funded. In the event of losses, the financier is ultimately responsible for bearing the financial burden. The person gambling, on the other hand, generally does not have any financial liability if they lose the money.

[Promocodeudo]

How will you finance something you are not sure about, it will not be sensible for anyone or group of person to approach you for such, if some come to tell you about investment, he should be able to convince you on how the return or profit is going to like, personally too you are going to make research to that effect, beside gambling is not a buy and sell business where if you give them such fund, they might be able to make more profit at the end of the selling but in this case, talking about being involved in sharing of the returns money, every bettors expectation should be in two ways, the losing and winning end, this should be taken into consideration because either of those are bound to happen.

[ethereumhunter]

I think borrowing/lending and investing are two different aspects although very similar.

If you are lending some money to a friend or a person, you don't care what they do with it and what they bet on, as long as they have a way to pay it back.

When you are investing in a player you are accepting that the person might fail and trusting his abilities to win. In that case, if he loses then you have to just accept it and move on.

I've never funded a player but I have tailed sports bets from experienced guys and gave them a tip when it hit.

That is why if we want to finance someone or borrow money from someone, we have to know whether he is able to pay his debt to us or whether he will not want to return the money at all. Moreover, this is a friend who we probably hang out with a lot so some of us might feel bad if we don't lend him money. But if it is going to be used for gambling, we have to really think about it before we lend him money because in gambling, a person will not always be able to win and that means he has the possibility of not being able to pay his debts.

Likewise, with investing, because every investment will definitely have risks, we also have to think about these risks. If we can accept whatever will happen, we can lend him money, but when we cannot accept the fact that he may not return the money, we don't need to lend him and can give the excuse that we need the money to meet our daily needs.

[EarnOnVictor]

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 is still good, after all, a return is being promised. But what if they asked you for the money to gamble and you are to give it 100% free? In case it has not happened to you before, it has happened to me many times and the last was still in October.

There are some friends you just have to live with their idiocy.

Interesting topic and discussion. I was watching a slot streamer earlier today named Syztmz and he was also discussing this topic and he made a very good point. He said, when you give money to a gambler, there are 2 possible outcomes:

1. The person will return your money
2. Money is gone

Now in both scenarios, the person giving out the money isn't earning anything but risking to lose the entire amount for absolutely no gain. Simple and straight.

Nice analogy, but I believe this analogy is still incomplete since some gambers can; 1. return the actual money (in case they change their mind or win a bet) and can also 2. Blow the money (when they lost the bet), some should still be able to; 3. return the money with interest or compensation in some cases.

Regardless, it's very risky to commit one's money to an external gambler. Gamble yourself or give it for free without thinking of a return.

[piebeyb]

Regardless, it's very risky to commit one's money to an external gambler. Gamble yourself or give it for free without thinking of a return.

Yes, gambling by financing other people is certainly much riskier than gambling for yourself because we won't be able to get a full return on winnings because of course there will be rewards that have to be paid, that's why it's not a profitable thing to trust other people to gamble for ourselves. . I've tried doing that once in a while and it's not profitable.

We take the risk ourselves and win only get a little more than what we usually get when we gamble for ourselves, actually it is better to learn to gamble well, do research and gamble yourself because in my opinion it is more challenging and gives adrenaline to ourselves when gambling, so from That's my advice, you should never try to entrust other people or charge people to gamble with our money.

[Lannakosa]

It's hard to find a single gambler who can make money from gambling, but we sometimes come across those people on this forum. But we also don't know whether they can always make money from gambling or whether it's just winnings that don't always come when they gamble. Some gamblers can really make money, but these people don't tell many people and prefer to hide their winnings from people. This is actually to secure the winnings they get because they only want to protect themselves from scammers or people who only want their money. That is why, when gambling, we have to be able to control ourselves so that we don't experience big losses, let alone lose large amounts of money.

Maybe so, I do not exclude that there are players who are able to make money on gambling, but I guess that there are very few of them. It’s like in trading, there are traders who are able to earn money from this, and other will only lose, but they continue to do it because they believe that someday they also make money, or no matter how strange it may sound, they just like it.

I know one trader who trades with good profits and this has been tested over time, but I don’t know a single gambler who could make a living from this.

[uneng]

How will you finance something you are not sure about, it will not be sensible for anyone or group of person to approach you for such, if some come to tell you about investment, he should be able to convince you on how the return or profit is going to like, personally too you are going to make research to that effect, beside gambling is not a buy and sell business where if you give them such fund, they might be able to make more profit at the end of the selling but in this case, talking about being involved in sharing of the returns money, every bettors expectation should be in two ways, the losing and winning end, this should be taken into consideration because either of those are bound to happen.

Yes, you are right. When we finance something or someone we want assurances and guarantees we are going to receive our money back later. With gambling it's just not possible to give such assurances, because it's an unpredictable game of luck with random results. By financing a gambler, you are also gambling yourself. The difference is that you don't have any control over the decisions made on the gambling session, which can result in further losses if you are going to lend your money to a compulsive gambler. That is not advisable under any circumstances.

[maydna]

~snip~

Maybe so, I do not exclude that there are players who are able to make money on gambling, but I guess that there are very few of them. It’s like in trading, there are traders who are able to earn money from this, and other will only lose, but they continue to do it because they believe that someday they also make money, or no matter how strange it may sound, they just like it.

I know one trader who trades with good profits and this has been tested over time, but I don’t know a single gambler who could make a living from this.

Of course, there is, but our friends can't win like other gamblers get because our friends and theirs are different. They may have greater luck than our friends, so they win more than our friends. Our friends must be able to accept it and don't need to try it many times even though there is a possibility that our friends can win. But it's not worth trying because trying it many times by playing gambling again means our friends have to accept a greater risk of losing, which will also make our friends lose more money. And if our friend ends up losing all his money, he certainly won't be able to return the money he borrowed, and in the end, we will also lose our money without being able to hope for the money back.

[wxa7115]

How will you finance something you are not sure about, it will not be sensible for anyone or group of person to approach you for such, if some come to tell you about investment, he should be able to convince you on how the return or profit is going to like, personally too you are going to make research to that effect, beside gambling is not a buy and sell business where if you give them such fund, they might be able to make more profit at the end of the selling but in this case, talking about being involved in sharing of the returns money, every bettors expectation should be in two ways, the losing and winning end, this should be taken into consideration because either of those are bound to happen.

Yes, you are right. When we finance something or someone we want assurances and guarantees we are going to receive our money back later. With gambling it's just not possible to give such assurances, because it's an unpredictable game of luck with random results. By financing a gambler, you are also gambling yourself. The difference is that you don't have any control over the decisions made on the gambling session, which can result in further losses if you are going to lend your money to a compulsive gambler. That is not advisable under any circumstances.

And since a gambler cannot really offer any guarantees they can give good results, and they will probably be very clear on this as a way to protect themselves if things go wrong, then there is no point at all to finance them, and you are better of just keeping that money and doing whatever you want with it, because at least in that case you will get something for your money.

While if you decided to finance a gambler you could lose it all and have nothing to show for it.

[junder]

How will you finance something you are not sure about, it will not be sensible for anyone or group of person to approach you for such, if some come to tell you about investment, he should be able to convince you on how the return or profit is going to like, personally too you are going to make research to that effect, beside gambling is not a buy and sell business where if you give them such fund, they might be able to make more profit at the end of the selling but in this case, talking about being involved in sharing of the returns money, every bettors expectation should be in two ways, the losing and winning end, this should be taken into consideration because either of those are bound to happen.

I think everywhere investments tend to generate a profit, whereas if they finance someone to gamble by considering it an investment I don't think it's an investment but rather providing an opportunity for them to fulfill their desires. Like giving a bone to a dog, of course they will accept it and enjoy it and most likely they will not think about other things such as turning over and what was given by someone who initially financed it, I think that's wrong.

Gambling in general will lead to more defeat, it is impossible to make it into something in the form of investment, unless financing a gambling company it might be profitable, but if it is to finance someone to gamble it is the same as lying. The result will not be a possible profit, because the chances of winning are not great. So if you want to finance something or invest better with other things not by gambling.

[leonair]

Apart from gambling, I won't lend money to anyone unless they provide a valid reason for needing it. Many people make the mistake of accumulating debts due to gambling, which I see as an addiction. Gambling should be for entertainment, with the possibility of making some small profits. I cannot provide money for gambling because there's no guarantee of winning, and I won't consider such a request. If you want to gamble, use your own funds that you can afford to lose.don't borrow money because you can't afford to lose it. In my opinion, it's unwise to lend money to someone for gambling and hope to get it back when they cash out their winnings.

Yes there are many people who make big mistakes like gambling with loans and for that they face a lot of problems.  People who gamble beyond their means either become rich suddenly or suffer financial losses that can lead to death. I have also seen many people who committed suicide after incurring high debts when they realized that they could not repay their debts because they had no source of income.  So it is wise not to make the mistake of gambling with the loan.

[ethereumhunter]

Apart from gambling, I won't lend money to anyone unless they provide a valid reason for needing it. Many people make the mistake of accumulating debts due to gambling, which I see as an addiction. Gambling should be for entertainment, with the possibility of making some small profits. I cannot provide money for gambling because there's no guarantee of winning, and I won't consider such a request. If you want to gamble, use your own funds that you can afford to lose.don't borrow money because you can't afford to lose it. In my opinion, it's unwise to lend money to someone for gambling and hope to get it back when they cash out their winnings.

Yes there are many people who make big mistakes like gambling with loans and for that they face a lot of problems.  People who gamble beyond their means either become rich suddenly or suffer financial losses that can lead to death. I have also seen many people who committed suicide after incurring high debts when they realized that they could not repay their debts because they had no source of income.  So it is wise not to make the mistake of gambling with the loan.

Using borrowed money to gamble is not recommended at all. It will only provide a very big risk where they don't know whether they can win or lose from gambling. But most people experience losses from gambling so they can't or have difficulty paying off their debts. If someone comes to us asking to fund their gambling activities, we should refuse them because they could lose all their funds and we will have difficulty collecting their debt. And it is indeed unwise if someone wants to gamble but borrow funds from other people, even if he is a rich person. Rich people will also not want to lend or finance their gambling activities because they know that gambling will not always result in winnings.

[wxa7115]

Apart from gambling, I won't lend money to anyone unless they provide a valid reason for needing it. Many people make the mistake of accumulating debts due to gambling, which I see as an addiction. Gambling should be for entertainment, with the possibility of making some small profits. I cannot provide money for gambling because there's no guarantee of winning, and I won't consider such a request. If you want to gamble, use your own funds that you can afford to lose.don't borrow money because you can't afford to lose it. In my opinion, it's unwise to lend money to someone for gambling and hope to get it back when they cash out their winnings.

Yes there are many people who make big mistakes like gambling with loans and for that they face a lot of problems.  People who gamble beyond their means either become rich suddenly or suffer financial losses that can lead to death. I have also seen many people who committed suicide after incurring high debts when they realized that they could not repay their debts because they had no source of income.  So it is wise not to make the mistake of gambling with the loan.

It is better for gamblers to never consider that path, as even if it may seem extremely easy to ask for a loan, gamble with it and if luck is on your side recover all the money you have lost, this rarely happens, and very often what we see instead is for that gambler to lose that money as well.

And this can push a person in a direction from which they may never recover, as instead of accepting their mistake and repay the loan, gamblers may be lured into asking another loan and try to recover their money this way, and once they finally realize the mistake they have made, they will notice their debts have grown to a point in which it is impossible for them to pay them regardless of what they do.

[Hirose UK]

~

Encouraging words of advice or suggestions can indeed be useful for those who need them, but will they work?

If they personally feel in need of encouragement, well of course it will help them, specifically in that context. So it would work. What comes after is a different case.

But doesn't everyone have an impatient attitude, they even give up easily and this is natural attitude that everyone has without exception.
In the beginning, they may be enthusiastic and really think they need motivation or encouragement to recover, but if they are confronted again with the desire to continue gambling and they feel that what they have done has not changed, then they will no longer care about.
They will return they will do what can make them able to enjoy pleasure and satisfaction.
This is what has always happened among gamblers.

Can it make someone change for the better and meet our expectations?
I would answer no because what they need is not encouragement, advice or advice, but what they need is action that can really help more competently and be seen in real terms, not just series of words.

That depends on how to approach those in need of help. Also, I don't think we should expect too much.

What concerns me is that the one who is truly able to take action is the subject itself, not those who assist or support. So words alone should have a considerable effect. In fact, a continual support system is required to make someone better.

Well, that what I always think about all of this, and maybe what we say to them will only be in vain if there is no determination and truly sincere intentions in facing or getting out of the problem of addiction.

In my opinion, one of the most effective forms of help is to give an example or prove to them that we ourselves can overcome what they are experiencing and from this they can realize and see that we have succeeded so that indirectly they will also try to do it.
This is motivation without words but rather real motivation that is clearly visible and has proof.

[Finestream]

It is better for gamblers to never consider that path, as even if it may seem extremely easy to ask for a loan, gamble with it and if luck is on your side recover all the money you have lost, this rarely happens, and very often what we see instead is for that gambler to lose that money as well.

And this can push a person in a direction from which they may never recover, as instead of accepting their mistake and repay the loan, gamblers may be lured into asking another loan and try to recover their money this way, and once they finally realize the mistake they have made, they will notice their debts have grown to a point in which it is impossible for them to pay them regardless of what they do.

It would be irresponsible for a gambler to borrow money and promise to repay if he wins, that's out of this world condition, it should  something that a lender could expect he'll get as  a collateral, normally fixed property or vehicle. Gamblers who have that kind fo mindset in gambling would likely suffer the worst financial problem, and since no lender would just lend money without assurance, most likely the borrower would end up selling his properties just to be able to pay, while some even go homeless.

[vv181]

~

Encouraging words of advice or suggestions can indeed be useful for those who need them, but will they work?

If they personally feel in need of encouragement, well of course it will help them, specifically in that context. So it would work. What comes after is a different case.

But doesn't everyone have an impatient attitude, they even give up easily and this is natural attitude that everyone has without exception.

As I said, it is just a different case. Speaking about the whole picture, addiction is complex, surely a single method to help an addicted person won't work. Every addiction must be handled with a different case and scenario. Even if some single method to overcome addiction works, with some particular people it will be different.

What I meant, is if at some point in time, they need a word of encouragement it is a good thing, but that should not be the sole reason that will magically solve the problem.

[Outhue]

It is better for gamblers to never consider that path, as even if it may seem extremely easy to ask for a loan, gamble with it and if luck is on your side recover all the money you have lost, this rarely happens, and very often what we see instead is for that gambler to lose that money as well.

And this can push a person in a direction from which they may never recover, as instead of accepting their mistake and repay the loan, gamblers may be lured into asking another loan and try to recover their money this way, and once they finally realize the mistake they have made, they will notice their debts have grown to a point in which it is impossible for them to pay them regardless of what they do.

It would be irresponsible for a gambler to borrow money and promise to repay if he wins, that's out of this world condition, it should  something that a lender could expect he'll get as  a collateral, normally fixed property or vehicle. Gamblers who have that kind fo mindset in gambling would likely suffer the worst financial problem, and since no lender would just lend money without assurance, most likely the borrower would end up selling his properties just to be able to pay, while some even go homeless.

It's already a red flag, something not worth giving attention to, what is if he win? That should turn anyone off and only a stupid person will give them money because what if always have two sides, he can win money and he can also lose the money and losing the money will make it very hard for him to pay back.

My father, when he was alive, he used to say that lending money out to an addict either gambler or a alcohol-based is like intentionally throwing money away, such people are losers and they don't know how to pay back anything, he also used to say that addict gamblers have no shame, when they lose everything, they should have learn their lessons, but the keep going hard at it, meaning they are shameless people.

I wonder how he will feel if he is alive today and know that I am also gambling, but anyway, I choose to be a responsible gambler always, I have no expectations from gambling, and I only gamble to have small time fun, so far I win some money and I have also lost some, I am attentively awake on when it comes to risks involved with gambling.