Ever heard about financing a gambler?

[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.

[Africolo]

This is becoming common but from the perspective of you playing the game predicted by someone and then paying the person after you win. It goes with this phrase "pay after win". I am not talking about those who claim to sell fixed matches. In today's gamble world, financing a gambler in the light the originator of the post used it is old-fashioned occasioned by the fact that betting is greeted with unpredictability, high losing rate, and uncertainty. The financier becomes the loser in the end and then the gambler is always in a win-win situation, where if the game fails, the gambler loses nothing and if it plays the gambler has gained. This can only flourish when the financier doesn't have common sense or doesn't understand the nitty-gritty of gambling.

[Dewi Aries]

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 true what you said, because most gamblers who do this activity have also given up a lot of their responsibilities, also if they make a loan and promise to return it if they win, it should be emphasized that "if they win" is not promising, and this phrase is expressed by every gambler who makes a loan, even though it is clear from the meaning that if they win, they will be returned, the question is whether they will definitely win.  I have experienced this, where my friend borrowed money to gamble and I responded badly and managed to make their mentality drop by emphasizing the phrase "if you win" if the person who does not lend his money to gamblers is called stingy, I myself prefer stingy. So don't feel sorry for a gambler who applies for a loan just to gamble because chances are they won't pay it back.
After all,  gambling is not a place to make money, it's just entertainment, I gamble but still have limits. Even now I rarely gamble, because I am getting bored with what happens in gambling with the amount of losses that are obtained it is clear that this is just a game not a regular income. So I will not finance a gambler it is better to finance someone who will start a business or business which of course will produce something later.

[Salahmu]

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?

For me it doesn't make any sense because is obvious that if you agree to there terms you will surely lose all your money because gambling is not a game were people can easily determined if they win or not so however some persons fall victims while thinking they are actually doing a business because I cannot imagine somebody with his right sense will decide to finance gambler which in return they share the winings.

However there is every chances of someone who finances gamblers to become an addict because if perhaps you finance a gambler with a huge sum of money with the plans of sharing the profit and the gambler lose the money, there is every tendency that the man will still finance the gambler again because he could be thinking that the gambler could win his money back and before he realized himself he has already become an addict.

[carlisle1]

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.

Most of those who ask for this kind of loan are people who are good in terms of communicating, they are good in doing promises but like what
you have said, it's better to have that collateral before giving that loan to said gambler.

With collateral they will need to repay to get it back, with just a spoken word of promises, things will not work as lenders will surely lose
a lot if gambler lose their bankroll.

They can disappear without a trace, as there's no sure deal when talking about gambling.

[Kelward]

This is wield to us that have understanding of how gambling works, we know that gambling is risky, and it depends on luck to win. I bet that some people who don't have this knowledge will fall for this kind of scam, because people wants sow very little and reap bountifully. The trick can work if you're ignorant about how gambling works and someone you know comes along to sale you the idea that when you invest in gambling, within a short time that winning will happen and you'll gain ×1000 of your investment. It'll surprise you that naive people will buy the idea and put in their money, but it'll take a gambling addict or a scammer to ask someone to invest their hard earned money in gambling

[Gozie51]

but it'll take a gambling addict or a scammer to ask someone to invest their hard earned money in gambling

Even someone that is genuine might innocently ask for that kind of collaboration. I think it is to collaborate with each other, you bring your expertise in predicting and I fund the bet. This has been going on with some friends because the other party don't have money to bet it but this usually don't last because when the bet don't win then there won't be the mystery of must win anymore and the financer will naturally slow down or give up. It usually happens where the financer is restricted from gambling either he is from a religious home or under strict rule that if he contravenes will attract severe punishment.

[m2017]

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

I don’t know what I will feel, but whoever comes to me with such a request will probably feel regret that he decided to take such a stupid and senseless step and will learn a lot of new things about himself in obscene terms.

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?

Even in these niches, this doesn't make any sense, because why finance in those areas in which absolutely nothing depends on the participant (trader or gambler and everything is tied to chance). You can just as easily lose (loss) as win (profit) if you gamble (trade Forex) yourself. So why give your money to the management of others, and also give part of the winnings to others, when you can do it yourself, and the result will be the same?

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

Have I heard of this? Still would. They tried to impose on me a similar trust method of managing money and financing gamblers (so that I give them money). In fact, this is in a sense a fraudulent scheme when user #1 finds simpletons and collects money from them, for example, for sports betting. Makes bets with the opposite outcome (in half). If the bet turns out to be unprofitable, then user #1 doesn't lose anything (bets with other people's money), because he didn't bet his own money. If the bet was successful, then he demands his percentage from the simpleton. This is a way to make money out of thin air, so you should refuse such dubious offers.

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

Who said that I trust?

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's good that this has already been explained to you.

[348Judah]

This is becoming common but from the perspective of you playing the game predicted by someone and then paying the person after you win. It goes with this phrase "pay after win". I am not talking about those who claim to sell fixed matches.

I don't think this is common anyways, maybe it's not a common thing from where i live in my country or so, I don't see any sense in making a sponsor or a pay later offer on gambling that it's not sure that the gambler is going to win, if it had been a sure and guaranteed game bet, the first person that would have love to join will be the sponsor, instead, i see it more of a way of getting gamblers into debt and later be used as ransome against them because when they loose the bet, they won't have a means of paying back, if it were to be real financing, then the gambler should not be in debt, instead be giving the fund for gambling for free.

[EarnOnVictor]

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.

Gamblers can do a lot of crazy things, I mean the things that are not expected by sensible people, and at that point, one should know that such gamblers are out of their senses and rather need help, and not loan. Gambling should be engaged responsibly, that is the only way we can enjoy it and will not ever regret that we know it. But when it has gotten to the point that the gambler has started using the money they can't afford to lose to gamble, then the problem has started. This will continue like that if not checked and will be getting worse to the point of using available spare money they could find or have access to whatsoever to gamble. This includes their access to a loan and in most cases, the loaner will not know what the gambler would want to use that money for, and as long as they could pay the money, the loan would be issued out. But for those who would be financing gamblers to gamble, at first they are bad people if I must say.

The fact that gamblers would resort to borrowing money to gamble can only mean that they are out of their senses, they are addicted and rather need help, but not to borrow money to gamble and probably lose again. It's like the lender is tapping into the weakness of the gamblers to make more money and does not care about the humanity aspect at all. I don't see this as good and I don't expect any responsible government to encourage it if they find out.

[_act_]

I don't think this is common anyways, maybe it's not a common thing from where i live in my country or so, I don't see any sense in making a sponsor or a pay later offer on gambling that it's not sure that the gambler is going to win, if it had been a sure and guaranteed game bet, the first person that would have love to join will be the sponsor, instead, i see it more of a way of getting gamblers into debt and later be used as ransome against them because when they loose the bet, they won't have a means of paying back, if it were to be real financing, then the gambler should not be in debt, instead be giving the fund for gambling for free.

What that will be common are loaners. They will not be specific if they are borrowing gamblers money. So if you are a gambler, or not a gambler, you can borrow money from such person that loan. The person or organization do not care if you gamble or not. So with this, it is indirectly existing in all countries.

It is gamblers that should be wise, know the law of probability and not to be addicted. Gambling addicts are the ones that are borrowing money to gamblenand they will still lose it.

[pawanjain]

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?

I have seen it only in the movies and even in that the end result wasn't good.
Nobody in their right mind will ever finance a gambler because it doesn't make any sense. Instead of financing a gambler he can gamble himself.
Let's consider someone says his luck is good but even in that case why would the gambler not use his own money.

[Hispo]

I don't think this is common anyways, maybe it's not a common thing from where i live in my country or so, I don't see any sense in making a sponsor or a pay later offer on gambling that it's not sure that the gambler is going to win, if it had been a sure and guaranteed game bet, the first person that would have love to join will be the sponsor, instead, i see it more of a way of getting gamblers into debt and later be used as ransome against them because when they loose the bet, they won't have a means of paying back, if it were to be real financing, then the gambler should not be in debt, instead be giving the fund for gambling for free.

What that will be common are loaners. They will not be specific if they are borrowing gamblers money. So if you are a gambler, or not a gambler, you can borrow money from such person that loan. The person or organization do not care if you gamble or not. So with this, it is indirectly existing in all countries.

It is gamblers that should be wise, know the law of probability and not to be addicted. Gambling addicts are the ones that are borrowing money to gamblenand they will still lose it.

While it is true banks and providers of liquidity do not care what their clients want to do with their money (as long as they pay back). I wonder if with all this technological advances we see nowadays and with the data collection/ data gathering we see everyday, it would be just matter of time before we start seeing  banks deying loans based on the gambling activity of their clients, regardless of the credit score. As it stands now, what matters the most of them is the credit score, nothing else, but I would not be surprised if they went that far in order to reduce being exposed to defaults by relatively new clients with no credit score.

Also, it exist the concept of Halal banking, which would not normally invest in industries and services which are Haram according to the Sharia. Would those Halal banks be willing to deny a loan of they know one is going to do with it, deposit on a casino?

[maydna]

I have seen it only in the movies and even in that the end result wasn't good.
Nobody in their right mind will ever finance a gambler because it doesn't make any sense. Instead of financing a gambler he can gamble himself.
Let's consider someone says his luck is good but even in that case why would the gambler not use his own money.

Yes, it's true. It is better if he gambles with his money rather than lending his money to other people who will later also use it for gambling. It does not make sense to finance a gambler because, after all, the results of gambling may not be good, and they will find it difficult to win. And if they don't win, they will only lose their money and won't be able to return the money. People who want to borrow money to gamble can borrow from banks or other places, so they can't get the money if they don't provide collateral.

[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.

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.

So, with what you say, I agree and indeed every case that occurs should be handled with several different methods because that way it will be easier to see the progress of changes in person to recover in the most effective way.
Moreover, what you said previously was only about different cases, not about how to handle it as whole.

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.

I know that and indeed giving certain words will provide encouragement and motivation so that they can continue to make various efforts in the healing process or solving problems that are currently occurring.
But just relying on words like that will not be affective because everything can go according to plan in success in recovering or solving problems if there is evidence or guidance in the process.
Most people don't really care about words and they can only accept and apply them if direct steps are taken.

[Jody.Drummer]

I have seen it only in the movies and even in that the end result wasn't good.
Nobody in their right mind will ever finance a gambler because it doesn't make any sense. Instead of financing a gambler he can gamble himself.
Let's consider someone says his luck is good but even in that case why would the gambler not use his own money.

Yes, it's true. It is better if he gambles with his money rather than lending his money to other people who will later also use it for gambling. It does not make sense to finance a gambler because, after all, the results of gambling may not be good, and they will find it difficult to win. And if they don't win, they will only lose their money and won't be able to return the money. People who want to borrow money to gamble can borrow from banks or other places, so they can't get the money if they don't provide collateral.

Gambling is just entertainment, the reason why is because there is no guarantee whatsoever that anyone is going to make any money, so that makes the idea of funding gamblers absurd, it's like you're riding on their coattails and even if you did there's no guarantee that the person you're funding is going to win. So everything is still gray, nothing is certain and therefore as you said it is better that they use the money for their own gambling in the sense that they do it.

The gambling results of the person you're funding can be good or bad, it really all depends on how lucky the person you're funding is, and if the session ends up losing the fear is that the scenario can become a problem, or you can't accept the loss and end up arguing and fighting over something that shouldn't be a problem. Honestly I wouldn't blame the person but rather I'd blame you for being careless for lending it. If they win I think the proceeds from the winnings will be split with you, then if you can do it yourself with the luck you have why don't you do it yourself? anyway if you win it means all the money is yours and you don't need to share anyone.

[barisbilgili]

Yes, it's true. It is better if he gambles with his money rather than lending his money to other people who will later also use it for gambling. It does not make sense to finance a gambler because, after all, the results of gambling may not be good, and they will find it difficult to win. And if they don't win, they will only lose their money and won't be able to return the money. People who want to borrow money to gamble can borrow from banks or other places, so they can't get the money if they don't provide collateral.

Lending the money we have for them to gamble is not a good thing to do because it will be a problem if they lose in gambling and they have difficulty paying the money they lent, financing other people to gamble will not necessarily result in winning and if they do Winning is of course the result of that win, so we have to share it with those who play the gambling, most of those who have experienced an addiction to gambling will of course look for a loan to be able to play the gambling they want and they will try various ways to find a loan to gamble and there are also those who sell whatever valuable items they have for gambling.

[arimamib]

Yes, it's true. It is better if he gambles with his money rather than lending his money to other people who will later also use it for gambling. It does not make sense to finance a gambler because, after all, the results of gambling may not be good, and they will find it difficult to win. And if they don't win, they will only lose their money and won't be able to return the money. People who want to borrow money to gamble can borrow from banks or other places, so they can't get the money if they don't provide collateral.

Lending the money we have for them to gamble is not a good thing to do because it will be a problem if they lose in gambling and they have difficulty paying the money they lent, financing other people to gamble will not necessarily result in winning and if they do Winning is of course the result of that win, so we have to share it with those who play the gambling, most of those who have experienced an addiction to gambling will of course look for a loan to be able to play the gambling they want and they will try various ways to find a loan to gamble and there are also those who sell whatever valuable items they have for gambling.

It's indeed risky to lend money to others for gambling. Gambling outcomes are inherently uncertain, and even if someone wins, the responsibility of sharing the winnings may arise. As you rightly pointed out, if the person loses in gambling and has difficulty repaying the loan, it can lead to financial and personal problems. Moreover, People struggling with gambling addiction may resort to various means to secure funds for their habit, including seeking loans or selling valuable items.

This behavior highlights the detrimental impact of gambling addiction on personal finances and overall well-being. People being cautious when considering financial transactions related to gambling and recognizing the potential consequences of lending money to someone engaged in gambling is very impoartant. Encouraging responsible gambling practices and seeking professional help for those dealing with addiction can contribute to a healthier and more sustainable approach to gambling.