Do not gamble with Loan Money~otherwise you will be in danger like me

[piebeyb]

It's like what used to happen to me: you stab yourself or you hurt yourself. It's okay to gamble, but don't gamble with debt; it's not normal human behavior, to be honest. I really hope there will be no problem when the payment period comes.

That will be a meaningful experience for you and that is why normal people or as gamblers should not use money from debt just to finance their gambling, most people who are addicted will usually do anything to finance their gambling even if they have to go into debt and in the end after they lose it will of course make themselves increasingly suffering, where every time he will get pressure from debt collectors who might torture him, so that's what will make his mental state worse.

I also never thought about trying to get into debt, even though there was a desire in my heart to gamble, I still had to gamble using money that we were ready to lose, for example a bonus from my salary or remaining savings so that it could be used for gambling, even if the amount was small, at least it could meet my gambling needs.

[AicecreaME]

It's so sad that this happened to you. Unfortunately, this is just the consequences of your wrong choices. But I'm glad you were able to learn valuable lessons because of your questionable decision in life. I guess it's really part of growing up. Sometimes we just don't learn from other people's mistakes because we're stubborn to listen to begin with. But hopefully you will overcome this and pay all your debts in due time.

I really do hope that this will serve as a reminder to the newbies in gambling as well as those who have been already in the industry for so long. Never, ever spend a money that you don't have to begin with. It will just cause you trouble and headache. Financial problem, mental health, and your well-being will be affected if you will gamble irresponsibly. So think twice before making a bet, and make sure it will be worthwhile because you thought of it many times.

[coin-investor]

I had a friend who did that and had the same fate as yours he advanced his two months' salary as a loan and lost everything in e-sabong a very popular online cockfighting that used to be so popular here in our country and he had no option but to sell his laptop and other appliances that he can sell because his two months salary is already for paying the loans.
His wife almost left him because they could not pay the bills and the house rent, he suffers too much because of the loan he uses for gambling, so if you think of getting a loan to gamble, don't or never do it or your life will be miserable.

[rojan]

If you feel like you cannot control your finances or your gambling activities, better lay it off and find some other hobbies in the mean time. This will ensure that your attention will not be pulled by gambling and you will be saving yourself a lot of headaches in the future. It's easy to avoid gambling if you aren't too deep in the shit hole, but once you already started it, there's no turning back and you will really have to exert a lot of effort to combat yourself with this kind of activity.

It's an expensive lesson, but a lesson nonetheless that taught you how to not play with fire if you're afraid to get burned.

Doing away with gambling is not just what we can say merely by the mouth, we must take action towards it. Like if we have taken such decision maybe because of our too many losses, the best thing is to stay away completely from it, if you are playing offline line then don't visit the game house again and avoiding hanging out with those addict gamblers. And if you are playing online then delete the app totally and uninstall it. It is funny some gamblers say they want to stop but they can't delete the gambling app. You have to delete it because if you leave it there you will still want to visit it. Like like you forbid a certain meat yet you use your teeth to cut it or share it for some people 

Once a person is addicted to gambling, it becomes very difficult to give up. I didn't realize how dangerous gambling is before. I am addicted to gambling and now I understand how horrible gambling can be. I lost all my savings because of gambling. Gambling is bad.  It is very difficult for those who have become addicted to gambling to quit gambling. However, those who can control themselves and gamble can be successful. One thing to keep in mind while gambling is never gambling with loans or accumulated money.  You will be in great danger.

[Ruttoshi]

This is too sad news op. why you did it? Gambling with loan money is double risky then gamble with your own money. if you loss your own money then You may suffer but there will be no pressure to repay the loan. if you gamble with the loan and lose it then you lose money and on the other hand you have to repay the loan by earning money from another source. you have taken a big risk, if you win the gambling then your loss might be recovered but because of the loss you have to repay the loan which is a lot of trouble. And not only the principal amount but also the interest has to be paid. After that gamble according to your ability sometime.  Stay away from activities like gambling with loan

I have been a gambler for a long time and I have always been able to control myself but this time I developed a confidence in myself that I could play blackjack very well and win and because of this I suffered greatly from placing large amount of single bets. Through this I have gained a great teacher.  And now I have decided to quit blackjack for life

Too much confidence on yourself have cost you a lot, and you forgot the fact that gambling is based on luck and not on skill.  This is the reason that makes me always tell people that there is nobody that is a professional gambler because the moment you feel that you have understood all the tricks and you can never loss that is when you will be secure great loss because you will forget about gambling responsible and to only use the amount that you can afford to lose because you feel that you are a pro.

It is better that no matter how good we are in any gambling game, we should always stick to the rules of gambling responsible and we should never have that false conference that we must win and make profit. OP, you were after making profit and that was what blind folded you to the extend of taking a loan as big as that amount.

Don't ever gamble when you don't have extra funds on you that is not needed for something important.

[dezoel]

I feel sorry for you and what you've lost, but you had to experience this in order to learn your lesson and stop gambling for good. People often start gambling casually and then get addicted to it, even if they don't get addicted, they make the mistake of trying to recover their losses which leads them to incur more losses and that continues until the guy gives up and decides to put a full stop on this and finally stop gambling but by that time, it's already too late.

I always ask people to never chase their losses, money that is lost in gambling is gone and you can't get it back, but if you try to get that back, you are more likely going to lose more money in that process and it isn't wise to spend $2,000 just to recover the $20 bankroll that you've lost initially.

So, if you gamble, gamble responsibly, and don't do it to earn money or profits, just have some fun and stop when you should.

[SUPERSAIAN]

Since you started gambling for fun with $20, you couldn't stop yourself, and you said you owed $2180, your life has fallen behind financially for 2 years. If you borrow money again and use it in risky activities, you may get into trouble, you should never do this, many gamblers may try this. It is necessary to control your emotions while gambling.

You may suddenly become indebted to a game that you only aim for fun. Sometimes it is very difficult to say stop. When you stop it, you make a profit. Generally, as long as you continue, you lose money.

[carlfebz2]

This is too sad news op. why you did it? Gambling with loan money is double risky then gamble with your own money. if you loss your own money then You may suffer but there will be no pressure to repay the loan. if you gamble with the loan and lose it then you lose money and on the other hand you have to repay the loan by earning money from another source. you have taken a big risk, if you win the gambling then your loss might be recovered but because of the loss you have to repay the loan which is a lot of trouble. And not only the principal amount but also the interest has to be paid. After that gamble according to your ability sometime.  Stay away from activities like gambling with loan

I have been a gambler for a long time and I have always been able to control myself but this time I developed a confidence in myself that I could play blackjack very well and win and because of this I suffered greatly from placing large amount of single bets. Through this I have gained a great teacher.  And now I have decided to quit blackjack for life

Too much confidence on yourself have cost you a lot, and you forgot the fact that gambling is based on luck and not on skill.  This is the reason that makes me always tell people that there is nobody that is a professional gambler because the moment you feel that you have understood all the tricks and you can never loss that is when you will be secure great loss because you will forget about gambling responsible and to only use the amount that you can afford to lose because you feel that you are a pro.

It is better that no matter how good we are in any gambling game, we should always stick to the rules of gambling responsible and we should never have that false conference that we must win and make profit. OP, you were after making profit and that was what blind folded you to the extend of taking a loan as big as that amount.

Don't ever gamble when you don't have extra funds on you that is not needed for something important.

Not only in the field of gambling but also in other things in life as well specially on dealing up with something. Overconfidence would really be leading into disaster if you arent that careful with it.
Taking up some loan for the sake of gambling then it would really be ending up on a disaster specially if you are unlucky and losing up all of those bets on one go. This is why whenever you do take a loan
then never ever make yourself that get engaged with gambling because those amounts or money will really be surely gone in fast pace. Gamble on the money on which you can only afford to lose
and never ever make yourself that too confident that you could be able to repay those loans because of gambling winning.

If it turns out that you have been able to win up then lucky for you but if not then it would be a huge life wrecking kind of condition since you would be needing to pay up
those loans and if not then you do know on what are the chances or probabilities on things that could happen which is something that we dont really like to happen.
So it would be better that you should think twice or thrice or more before considering such act.

[Yatsan]

Will never be advisable.
Loan or borrowed money shouldn't be exposed with risk given that you have to pay the interest and it would be a bigger problem losing it and be needing to pay it; you'd be in debt if things got worse. Only gamble your money, at least if you happened to lose it with bets, nothing further would be a problem. As most of us know, a money we did not earned the hard way is easy to consume and I think same idea goes with borrowed money; if you would gamble it, there's a tendency for greed to take place as well as compulsion with bets. If you happened to be lacking with money to bet, then simply choose to rest and wait til you already have than forcing your way thru, in such way.

[junder]

Will never be advisable.
Loan or borrowed money shouldn't be exposed with risk given that you have to pay the interest and it would be a bigger problem losing it and be needing to pay it; you'd be in debt if things got worse. Only gamble your money, at least if you happened to lose it with bets, nothing further would be a problem. As most of us know, a money we did not earned the hard way is easy to consume and I think same idea goes with borrowed money; if you would gamble it, there's a tendency for greed to take place as well as compulsion with bets. If you happened to be lacking with money to bet, then simply choose to rest and wait til you already have than forcing your way thru, in such way.

On the other hand, I think only those who are really addicted like him can be desperate to take out a loan just to gamble, I can't imagine that they would do that just to fulfill their lust and curiosity to gamble. Sometimes using your own money if the results always lose is very disappointing, especially when we use money from borrowing, of course there will be greater pressure that you will feel because you are gambling with borrowed money.

This is really not recommended because if you are accustomed to making loans just to gamble but the final result still always loses then it's like you dig a new hole to trap yourself in a new problem. It is not uncommon for us to find many people who suffer from many problems, especially in debt, which makes them depressed and I have even heard of some people committing suicide because they cannot stand all the pressure from the problems that always arise. So of course as you suggest if we really don't have the money to bet then it's better not to do it, don't try to find other alternatives to get money just to gamble, it's better to just rest or allocate yourself to other more positive activities so that your mind is distracted.

[Westinhome]

Since you started gambling for fun with $20, you couldn't stop yourself, and you said you owed $2180, your life has fallen behind financially for 2 years. If you borrow money again and use it in risky activities, you may get into trouble, you should never do this, many gamblers may try this. It is necessary to control your emotions while gambling.

You may suddenly become indebted to a game that you only aim for fun. Sometimes it is very difficult to say stop. When you stop it, you make a profit. Generally, as long as you continue, you lose money.

The loan of 2180 dollar was made by your temptation of getting huge win using the gambling sites.After getting of loan,you getting emotionally weak.So due to temptation,you may made many random bet.This are the reason for the loss of the entire dollars,in a mid of bet you may get some profit in some points.But by seeing your profit,you think that you are more brilliant and made many blunders in the game.The cause of this loss was allow of his emotions to the game,many gamblers will do this mistake.After making some profit,you need to withdraw of dollars with profit.If you keep play with greedy,you may loss by the bad luck.

[Orpichukwu]

I feel sorry for your story. Ordinary taking loans, which we don't intend to do anything meaningful with, is not advisable, especially for it to be used for smoking, using loans to pay back loans, or even to be used for gambling. It's highly irresponsible for someone to do that, but as you already have realized yourselves that you are getting addicted to gambling, I think that is a good sign that you can get your self out of it. 
 
What you just need to do now is to make sure you don't break your decision of not spending much or even taking any more loan in other to gamble again as a result of looking for fast means to repay the loan. It's just a matter of time and dedication: You will be able to repay back all those loans. Your financial status might change over time and you can start earning higher than you are now, which will create a great chance for you to repay back in time earlier than you estimate.

[SmartCharpa]

I have always advised people not to take gambling seriously but I myself became heavily addicted to live blackjack from stake.com and kept winning and losing. In this case I will not blame the gambling site because they give live cards. I started the game with just $20 but gradually I got addicted to it and wanted to gamble and win bigger amounts by depositing bigger amounts. I lost $1700 playing this way then I decided to play with a much bigger amount and recover all the losses then quit gambling for this I borrowed 270000 BDT ($2180) from the bank and deposited there. But unfortunately I lost them. Now I am financially so weak that it has become very difficult to meet my family expenses and I owe the bank $2180 which will take me a long time to pay off. Now it will take about 2 years for my financial situation to be normal again. Gambling addiction set back my normal life by 2 years. I am a victim of real experience and I am sharing my real experience with you.  Don't make the same mistake I did.  And never decide to gamble with a loan. If you do, your situation may be similar to mine. so beware of gambling

I am very sorry for you. What have came over you that led you to take out a bank loan. You did not use the money on something good, so you used it for gambling, which is a very bad idea. It is always stated in this forum that we shouldn't gamble with money we borrow from anywhere. Now that you have taken out a bank loan, the bank cannot extend the repayment period if you refuse to pay it back. Your greediness has brought you into trouble, you should have stopped gambling as soon as you started winning. We cannot recover the money we lost in gambling, It's difficult, gambling will only pay you for half of your losses when you still have the lucky to win.

Before taking out a bank loan, you should to have looked for advice from someone. The bank is not your friend, and if you borrow money from them, they will not take it easy with you to the point where you might even lose your properties. It would be better for you to work hard and make the payment before the time because two years is not easy for you to get back your life normal. The worst thing is that you used the loan to gambling.

[Sanugarid]

 

I had a friend who did that and had the same fate as yours he advanced his two months' salary as a loan and lost everything in e-sabong a very popular online cockfighting that used to be so popular here in our country and he had no option but to sell his laptop and other appliances that he can sell because his two months salary is already for paying the loans.
His wife almost left him because they could not pay the bills and the house rent, he suffers too much because of the loan he uses for gambling, so if you think of getting a loan to gamble, don't or never do it or your life will be miserable.

I hope he doesn't do it again, he has a family to support. If you don't have a budget for gambling, you should keep quiet. A loan is not an option to gamble. lucky for him, it's only 2 months, how can it be that if he got it for many months, he will be drowning in that debt.

If you don't have a budget for your gambling habit, keep quiet and don't force it. Learn to control yourself. If you can't stop it, think about your family, do they deserve what you do.

[rachael9385]

I feel sorry for your story. Ordinary taking loans, which we don't intend to do anything meaningful with, is not advisable, especially for it to be used for smoking, using loans to pay back loans, or even to be used for gambling. It's highly irresponsible for someone to do that, but as you already have realized yourselves that you are getting addicted to gambling, I think that is a good sign that you can get your self out of it. 
 
What you just need to do now is to make sure you don't break your decision of not spending much or even taking any more loan in other to gamble again as a result of looking for fast means to repay the loan. It's just a matter of time and dedication: You will be able to repay back all those loans. Your financial status might change over time and you can start earning higher than you are now, which will create a great chance for you to repay back in time earlier than you estimate.

Absolutely correct, many people just put them selfs into danger by collecting a loan that they don't want to make use of.
However, the aspect of taking a loan is not to gamble, you can collect a loan to settle urgent bills and other things that are important but I don't think that it is a good idea to collect a loan just to gamble, if a gambler sees betting as fun then such gambler isn't supposed to collect loan just for the sake of gamble and catch fun.
I think the Op should just learn how to control his gamble habits and focus on how to pay back the loan but he should not put in mind that he will win to pay back the loan because that's what caused him to borrow the money at first, when he was trying so hard to recover his loses.

[virasog]

I feel sorry for your story. Ordinary taking loans, which we don't intend to do anything meaningful with, is not advisable, especially for it to be used for smoking, using loans to pay back loans, or even to be used for gambling. It's highly irresponsible for someone to do that, but as you already have realized yourselves that you are getting addicted to gambling, I think that is a good sign that you can get your self out of it. 
 
What you just need to do now is to make sure you don't break your decision of not spending much or even taking any more loan in other to gamble again as a result of looking for fast means to repay the loan. It's just a matter of time and dedication: You will be able to repay back all those loans. Your financial status might change over time and you can start earning higher than you are now, which will create a great chance for you to repay back in time earlier than you estimate.

Absolutely correct, many people just put them selfs into danger by collecting a loan that they don't want to make use of.
However, the aspect of taking a loan is not to gamble, you can collect a loan to settle urgent bills and other things that are important but I don't think that it is a good idea to collect a loan just to gamble, if a gambler sees betting as fun then such gambler isn't supposed to collect loan just for the sake of gamble and catch fun.
I think the Op should just learn how to control his gamble habits and focus on how to pay back the loan but he should not put in mind that he will win to pay back the loan because that's what caused him to borrow the money at first, when he was trying so hard to recover his loses.

When someone is taking a loan to gamble, what does it mean? It only shows that he does not have the money to gamble himself and he is borrowing the money. This also means that the gambler gambling with the loan money in 100% sure that he will win in gambling because if he loses, then how he will pay back the loan (when he has nothing with him) ?

The only way for the gambler is to look for both sides of the picture and focus more on the dark side. He should ask himself how will he return the loan if he loses in gambling. Once the person honestly thinks about this, he will refrain from taking this undue risk that can ruin his life.

[sokani]

I am a victim of real experience and I am sharing my real experience with you.  Don't make the same mistake I did.  And never decide to gamble with a loan. If you do, your situation may be similar to mine. so beware of gambling

You shouldn't have listened to those crazy voices in your head, telling you to give it a shot, but I'm glad you've learnt your lessons and you're sharing your sad experience so that others could learn from it. Gambling with what you can afford to lose means that you've it and if you lose it, it won't affect you in any way but in your case, you didn't have it and you went to obtain a loan somewhere just to gamble. This is really bad and should be avoided at all cost.

[DubemIfedigbo001]

There's a saying that when your not the one facing the temptation, it seems easy to overcome and you give advise easily, OP has been a party to giving valuable advises to people on the dangers of gambling with fund that are not yours, but when the addiction syndrome came to his side, he couldn't resist the temptation and he fell so cheaply to it that he even went ahead to borrow from the bank to recover his loses. This shows that no one is above temptation. He really demonstrated serious lack of emotional control here for someone of his status, his loses made him very desperate and he forgot he's not in his lucky day. But like I said earlier, no one is above temptation and he's left to heal from his wounds.

He's shared his story here for us all to learn from and say no to lack of emotional control. You shouldn't borrow money to transact a business that you don't know its actual ROI, gambling promises you nothing and that's why its advised that you gamble with an amount you can afford to loose. Its not a business, career, not is it an investment opportunity. My greatest annoyance is that there are people who will still read this story, contribute to it, and come back tomorrow to tell us how they gambled without emotional control. Its as though we've chosen the hard way as the only way to learn. We've to learn from the experience of others cos this very act of irresponsibility should be greatly avoided at all costs.

[boyptc]

Stories like this will always give a reminder to the people that are thinking of doing the same. Sorry for you OP but I admire that you're strong to share this.

Because with usual stories that we hear is that we don't want other people to hear what we've been struggling and mostly, that we're gamblers because there's always the bad belief about us gamblers from people that don't gamble.

[Johnyz]

Stories like this will always give a reminder to the people that are thinking of doing the same. Sorry for you OP but I admire that you're strong to share this.

Because with usual stories that we hear is that we don't want other people to hear what we've been struggling and mostly, that we're gamblers because there's always the bad belief about us gamblers from people that don't gamble.

This is my biggest reason why I don’t borrow just to gamble because a lot can happen and the negative side of it are more prone to happen than to actually see you winning. This is not the first story about borrowing money just to gamble and I do hope that we already learn from the experience of others and we should take this seriously and think again if you are still planning to borrow. Gambling is very risky, always remind yourself to be more responsible.