Ever heard about financing a gambler?

[klidex]

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.

In my opinion, lending money to gamblers is too risky, especially if it is your friend who is lending it, even if give a reward if you win the gambling, because the gambler does not necessarily win the gambling because it is not certain and in fact he does not return the loan money because there is no guarantee whatsoever, so he is free to return it at any time and this can worsen relations between friends due to the loan.
Don't occasionally take advantage of profits in the midst of gamblers who need money to continue their gambling activities in the hope that they can return it at an interest rate because this will cause losses for themselves, especially if you borrow without collateral then the party to will also suffer losses.
let gambling addict do what they need to sell their own goods without need to lend them money.

[maydna]

~snip~

Such practices will only cause trouble for both friends. If the person doesn't win any money the rightful owner of the money won't feel happy about it. The other person may not be a gambler but has been convinced by the winning stories of his friend. And wants to give it a try. He may have developed some sweet syndromes, thinking about how big they'll become if his friend wins. So, to some, it's not their fault that they financed the gambler. And the gambler won't take the blame either, thereby ending the relationship. Hence, it's not advisable for a non-gambler to finance a gambler. Suggesting gambling with the money instead, it's not possible for a gambler to finance another gambler. Everyone will prefer experiencing the fun, and winning themselves. Only newbie players will prefer handing out their money to another gambler, as they don't, yet, feel familiar with gambling.

As regards to borrowing money, compulsive gamblers who look for deceitful methods of taking people's money, will not tell the money lender that they need the money for gambling. It'll reduce their chances of getting approved to receive the money. So, the gambler will need to do anything on his horizon to convince the person to lend him money. Giving meaningful reasons as to why they need the money. Most of them lose out all the borrowed money and risk their life. As they'll feel vulnerable for owing a huge amount, which they can't account for, how it vanished. Many gamblers in Australia left this world for such reasons. People are advised to conduct underground research on whom they lend money to, not to contribute to the despair of that person. He should be left with no money, then given money to gamble. Engendering his life and wasting money meant for society.

Yes, that's true because in the future the relationship between the two people will become strained and become distant because there are problems that are actually trivial but seem big. This problem might also be bigger if the money borrowed is also large because, with a large amount of money for gambling, a person will become more confident in being able to gamble longer. He will not think about the losses he can get from gambling, but he only thinks about when he will win. And it's no good if he still wants to finance the gambler because he will never know when his friend will win, and he should be able to prepare to accept the defeat that his friend will experience. And if that happens, he will also experience losses so that his friend will not be able to return the money he borrowed.

That's why we have to be careful if there are friends who want to borrow money from us, and we should check it first before we lend money to them. We already knew from the start that there were friends of ours who often borrowed money from other friends to gamble, and this time, he wanted to borrow money from us. Most of them will lose all their money at the gambling table without any chance of winning big or recovering their losses or breaking even. They will become increasingly emotional because they have experienced total defeat and spent all their money gambling, so they will look for other people who they can borrow money from. They will only leave their traces on many friends, and we are already among the people who gave them loans, but they couldn't return the money to us.

[Sanugarid]

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.

If someone really does want to lend money to a gambler, don't expect that he will respect your arrangements.
Because losing is inevitable on this game, and you can't force the gambler to pay if he lost all the money.
This is why a gamblers can easily be digging his grave of debts after debts from everyone.

It's really dangerous to lend money, especially to a gambler, even if he's your friend, as long as he gambles, it's really dangerous. If you lend money to a gambler, it's like taking a stone and hitting it on your head. It's better to use the money and invest in another business than to lend the money, we know that it will just run out because we are talking about gambling, we often lose here rather than win. If he loses, how can he pay you, don't gamble with the gambler, it's too risky.

[Weawant]

If someone really does want to lend money to a gambler, don't expect that he will respect your arrangements.
Because losing is inevitable on this game, and you can't force the gambler to pay if he lost all the money.
This is why a gamblers can easily be digging his grave of debts after debts from everyone.

Funding a gambler will be better if you just have it at the back of your mind that what ever the out come is you are willing to accept it els you will have yourself to blame because wining is not guaranteed regardless of how well the person is good and experienced at gambling there will definitely be losses at some point .

Lending money to a gambler could be very risky because there's no certainty of payment except the gambler turns out lucky almost immediately but then at that it also happens that greed could set in and they would wan to further grow the money and may end up loosing it again to the casino and most likely come to beg for  an extension in the payment time so when lending a gambler just be aware of the risk involved and the gambler my further add to their Dept in the bid to recover.

[Dewi Aries]

If someone really does want to lend money to a gambler, don't expect that he will respect your arrangements.
Because losing is inevitable on this game, and you can't force the gambler to pay if he lost all the money.
This is why a gamblers can easily be digging his grave of debts after debts from everyone.

Funding a gambler will be better if you just have it at the back of your mind that what ever the out come is you are willing to accept it els you will have yourself to blame because wining is not guaranteed regardless of how well the person is good and experienced at gambling there will definitely be losses at some point .

Lending money to a gambler could be very risky because there's no certainty of payment except the gambler turns out lucky almost immediately but then at that it also happens that greed could set in and they would wan to further grow the money and may end up loosing it again to the casino and most likely come to beg for  an extension in the payment time so when lending a gambler just be aware of the risk involved and the gambler my further add to their Dept in the bid to recover.

If you do that then I think it's nothing more than you making your money for nothing, it's true that there is a chance of winning in gambling but what you have to understand is that the percentage of wins is much smaller than the losses and you have seen clear evidence that there are more losses than wins, I'm sure the goal of people who finance gamblers is that they want to make money and then share the winnings with the gamblers they hire, but can't you just think realistically? I don't think you can accept the risk of losing because the very spirit and purpose of financing others indicates that your goal is to win and not to lose.

Honestly, I don't care whether you are financing a professional gambler or not, but gambling is all about winning and losing, if there are wins it means there are losses, and obviously the casino's goal is to profit from losing gamblers, so with that alone you can be sure what your fate will be. Instead of getting a win but the opposite happens, defeat dominates. On the other hand, even if it's just a loan, I still think there are doubts, I don't believe the person you lend it to will be able to repay it if they have an active gambling habit.

[Oilacris]

If someone really does want to lend money to a gambler, don't expect that he will respect your arrangements.
Because losing is inevitable on this game, and you can't force the gambler to pay if he lost all the money.
This is why a gamblers can easily be digging his grave of debts after debts from everyone.

Funding a gambler will be better if you just have it at the back of your mind that what ever the out come is you are willing to accept it els you will have yourself to blame because wining is not guaranteed regardless of how well the person is good and experienced at gambling there will definitely be losses at some point .

Lending money to a gambler could be very risky because there's no certainty of payment except the gambler turns out lucky almost immediately but then at that it also happens that greed could set in and they would wan to further grow the money and may end up loosing it again to the casino and most likely come to beg for  an extension in the payment time so when lending a gambler just be aware of the risk involved and the gambler my further add to their Dept in the bid to recover.

Thats totally a regretful thing if you do let someone to play with your own funds, i dont know on whats the actual reason on why there are people who do really finance up some gambler.
If they could really just that simply bet on their own then it wont really be regretful but since there are ones who do really aim for profitability on which they would really be targeting into those
gamblers or bettors who do have a bigger chance or having that good winning rate on which they could at least assure themselves that they are on the right person without even
trying to look at on the risks involved that not anyone could really be that so lucky from time to time on which it would really be causing up that much huge devastation when unlucky times do hits.

[AnonBitCoiner]

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.

They make a promise only to receive money from others so if they take money and loss that amount then they once again beg in front of others for some amount of money but people never trust them. Gambler is in search of only single win that can make their life change but they don't remember that they are putting burden of borrowed money on them which they cannot return to the owner.

Gambler when realize that nobody is ready to give them money then they initiate making money through selling their homes and lands and at final stage when they don't have anything to sell then they start to steal money and other expensive materials from others. So from this it is clear that gambling is the foundation of every bad deed and if a person cross limit of gambling then he will not consider mentioned acts as a bad.

[|MINER|]

I don't think so that financing a gambler is a good idea it doesn't make any sense. Gambling is all about luck so there was no guarantee that one person who will be financed I mean The Gambler will won on his betting and he can give you a portion of his winning reward.  I don't want to talk about the others thing there is a rule of gambling that invest as much as you can afford to lose. Here the first rule will be broke if a gambler take money from others for his gambling.

[EluguHcman]

Yeah that is going to be cool by me but in the first place of his approach, I would decline and make him feel like I am not interested until I would make him humble like he is borrowing the money.
I know gambling to be such a lucky game even either of a skill-based or chance-based gambling.
I know that skill-based gambling has some little tendencies to be winning assurance but which novice wants to game with an expert?
Of course non so it is definitely going to be something like novice to novice and experts to an expert.
It is not just guaranteed that he would win.
I wouldn't be so flexible to his will because I wouldn't want him to see that eagerness or interests in making profits of it.
So if he agrees, we can bargain it to be a loanshark whereas if he looses he would have me payback with a concrete agreement with a collateral.

Here is a thread I made about in a month ago where i brought about a discuss to "Quit Gambling and invest in gambling".
The contexts of the threads is how I want to quit gambling and start loaning to ganblers with the possibilities of asking for collateral and insighting of the gamblers reputations before the deal.
And I intended having a governmental loaning permits.
I guess this has sounded legal and easy for me to legally follow up those who has refused for a payback.
https://bitcointalk.org/index.php?topic=5474053.msg63157282#msg63157282

[Hirose UK]

I don't think so that financing a gambler is a good idea it doesn't make any sense. Gambling is all about luck so there was no guarantee that one person who will be financed I mean The Gambler will won on his betting and he can give you a portion of his winning reward.  I don't want to talk about the others thing there is a rule of gambling that invest as much as you can afford to lose. Here the first rule will be broke if a gambler take money from others for his gambling.

So, that why it is highly recommended not to ask other people for certain amount of money in the form of loan or whatever if it is just for gambling. And it is also not recommended to give loans to other gamblers as betting capital even though there is an agreement on sharing the results if they win.
Gambling is full of risks and gambling always brings lose so daring to borrow money or lend money will only harm each other and can make things difficult for each other in the future.
What even worse is that it can result in disputes or disputes between the two parties who use the money as gambling capital and also the party who provides the money.
But I also don't know why there are still incidents like that out there and those who borrow and lend also feel so calm as if there are no problems that could arise.

I personally would rather not continue gambling if I only rely on money from borrowing and it would be better to avoid all forms of action that could cause difficulties in the future.

[ethereumhunter]

I don't think so that financing a gambler is a good idea it doesn't make any sense. Gambling is all about luck so there was no guarantee that one person who will be financed I mean The Gambler will won on his betting and he can give you a portion of his winning reward.  I don't want to talk about the others thing there is a rule of gambling that invest as much as you can afford to lose. Here the first rule will be broke if a gambler take money from others for his gambling.

It is true what you say because there is no guarantee that someone who has been financed by gambling can win from gambling. That person will only have the possibility of losing from gambling because we know that getting a win that can return the money we lost at the gambling table is difficult, so we think that it is not a good idea. Those who want to finance their gambling must also think that they will not be able to win easily because, in gambling, victory will only come to the right person who has luck and can analyze his gambling well if he chooses sports betting as his bet. They shouldn't take the risk of losing their money if it is to finance someone to gamble and it is better for them to just refuse it than for the person who asks to be financed for their gambling not to be able to pay back the loan.

[bakasabo]

If we think deeper, then financing a gambler equals stimulating addiction. If a gambler needs to take someone else money, then he is already in financial trouble. Giving him money means making his problems even worse. And unintentionally, we are getting part of his problem. Which means we are buying problems for ourselves with our money. I dont want that for my money and I would not finance a gambler. But the ones who do finance a gambler, are the same addicted gamblers.

[Nerdy doctor]

Well, we can comfortably say anyone that’s financing a gambler is in a way gambling himself. But the only thing is the financier is only the one that would bear all the losses.
The one doing the financing has to know that winning doesn’t come all the time irrespective of how good the person doing the actual gambling is.

Personally, I think it’s too risky to partake in. Cause you’re the only one who bears all the losses while the person you’re financing would play with funds that’s not his and be totally safe from any risk irrespective of the outcomes of any bets placed.

[roksana.hee]

It's really dangerous to lend money, especially to a gambler, even if he's your friend, as long as he gambles, it's really dangerous. If you lend money to a gambler, it's like taking a stone and hitting it on your head. It's better to use the money and invest in another business than to lend the money, we know that it will just run out because we are talking about gambling, we often lose here rather than win. If he loses, how can he pay you, don't gamble with the gambler, it's too risky.

I completely agree. Lending money to someone with a gambling habit is indeed a risky business. It's always better to invest in something more stable and secure. Gambling is unpredictable, and the chances of losing are high. Protecting our financial well-being is crucial, and steering clear of lending money to gamblers is a wise decision.

[oktana]

Yes, some people may gamble better than you because they increase this wining chance due to certain statistical calculations, but financing the gamble? I wouldn’t really do that because it’s gamble, I mean… I’d rather lose my money myself than someone losing it for me. You know the way you can bear the pain you inflict on yourself better. But yes, people do this. Sometimes because they are broke and just want to gamble, so your friend could just walk up to you and you guys cut a deal where the money may be split 70:30 or whatever the agreement becomes.

[Rabata]

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.

If someone really does want to lend money to a gambler, don't expect that he will respect your arrangements.
Because losing is inevitable on this game, and you can't force the gambler to pay if he lost all the money.
This is why a gamblers can easily be digging his grave of debts after debts from everyone.

Not everyone is the same, but a large portion of gamblers who gamble on loan fail to keep their word. I am telling from my real experience that I had a good friend who suddenly asked for a loan and after I lent him money he could not pay it back. When I pressed him for money he told me about losing his bet. Since then I don't like to lend money to any gambler for betting purposes. Even if they win, they don't get paid because they bet their entire money to double that money and then lose. lending them money means losing that money.

[dansus021]

Ever heard about financing a gambler? No I mean maybe there is a person who loses in gambling and borrows some money But in financing trading I hear it a lot. some high-yield investment program has a similar case like that.
But gambling is a different story in my opinion even tho there is person like that I don't want it tho.

But the last time I remember there is someone out of nowhere DM me in telegram and said that he is one of employees gambling company and he said to me "I can make you always win" he showed me but the website was total cap. and the chat deleted.

[Blitzboy]

Well, we can comfortably say anyone that’s financing a gambler is in a way gambling himself. But the only thing is the financier is only the one that would bear all the losses.
The one doing the financing has to know that winning doesn’t come all the time irrespective of how good the person doing the actual gambling is.

Personally, I think it’s too risky to partake in. Cause you’re the only one who bears all the losses while the person you’re financing would play with funds that’s not his and be totally safe from any risk irrespective of the outcomes of any bets placed.

Surprisingly, funding a gambler is a gamble. Like you, I think this is risky. Why? Since the financier becomes an indirect player, sustaining losses without the joy of the game. Almost like a shadow gambler, invisible but involved. Shouldnt risk be assessed for sustainability rather than short-term gains?

Healthy gambling emphasizes control and awareness, although rapid wins sometimes eclipse it. Financers, blinded by possible wins, disregard this. They ignore human nature, which favors hope over reason. Thus, they bet on luck and human behavior as well as money. A dangerous venture. Why not invest in risk comprehension and mitigation rather than mindlessly financing them?

[vv181]

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.

I'm not a medical professional and based the post on my personal experience, so surely it is incomplete and not thorough about what and how to handle such a case.

A lot of ways and methods are required to help such kind of person, and mere words contrasted with the issues the person got is a no match. Nevertheless, we should not discredit its importance when it is being handled by the therapist or professionals. They might seem does not to care, but if it is done gradually, it will have an effect no matter how big or small, that is to assume it is part of the healing processes.

[GiftedMAN]

Ever heard about financing a gambler? No I mean maybe there is a person who loses in gambling and borrows some money But in financing trading I hear it a lot. some high-yield investment program has a similar case like that.
But gambling is a different story in my opinion even tho there is person like that I don't want it tho.

But the last time I remember there is someone out of nowhere DM me in telegram and said that he is one of employees gambling company and he said to me "I can make you always win" he showed me but the website was total cap. and the chat deleted.

We can borrow money to bet if we want but we don't have to make it an habit. Gambling can be very interesting when we are making consistent profits from it but that should not make us to be too focus on gambling since we can easily get accustomed to it. If we are generous gamblers, it shouldn't be a hard thing for us to sponsor people around us that might be interested in gambling. Gambling is suppose to be simple and less often.

If we keep gambling and we don't control ourselves we can become a bad gambler which the endpoint can be addiction. Once we are disciplined and know how to reduce our interest in gambling, then we end more as a reward.