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

[Die_empty]

I agree with what you said that gambling with borrowed money is a really stupid act, how could it not be thats gambling itself should not be used too excessively, let alone taking out loans just to chase losses or chase winning because that will cause risky for gamblers also have to bear quite high interested charges and the worst thing is that gambling will not give them a win even if the gambler uses the money from the loan so they will only get worse as the situation get worse.
Investing money in cryptocurrencies will created more certain profit in the future, which is different from using gambling which provides uncertain profits.

It is even risky to take loans to start or invest in a business because we cannot predict how the business will turn out even when we have a well-written plan. Now taking loans to gamble is just highly level of risk-taking because you are putting the money into one of the most of inconsistent sectors. Although my only crypto investment is Bitcoin, it will make more sense to invest a loan on altcoins than to put it into gambling. Altcoins have some level of risk but gambling has a higher risk.

One thing is to give warning to people against taking loan to gamble and another is left for them to accept the warning or not. Imposing a ban doesn't make them not scramble for other means to attain loans to use for gambling. Many gamblers do this alot and it baffles me what gives then the guarantee that they are going to win and recover their losses to be able to repay the loan money when they couldn't get a win when they were using their own very money that was taken as a loan. It's stupid and silly yet people do it and am lost in the ideology behind that action for people who this.

Some of the people that use loans for gambling needs help. Most is them cannot control thier gambling activities because they are already addicted. They have no guarantee that using loans for gambling will turn out well but the problem is that they have lost control of themselves. Such people might need to take a break from gambling and return back after some rehabilitation processes.

[Strongkored]

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 once gambled with money from borrowing, but I still have more calculations when borrowing, namely how much I can afford to pay it immediately because of course from a loan that at least requires interest that must be paid which if not repaid immediately can even make our debt even bigger, but I only did it once and it was still limited by my ability to pay the debt.
Unfortunately for you, losses before making a loan do not stop you but continue again and that is often a problem for gamblers, always trying to recover what they have lost, even though it is quite impossible to achieve, in fact, it would be better to forget and if you return to playing, just do it normally and with money that you can afford to lose.

[Hispo]

Sorry for your loss as well. I hope it was not as big as the one OP has shown to us, by the way.
In my opinion, crash is one of the most unpredictable Games one can gamble one's money on. Playing it is like going all or nothing in a casino, it would have been better if you went and played other different kind of game instead crash (like blackjack or dices, which allows you to adjust the degree of risk you want to take) or just simply you could have withdrawn. It is what it is, in the end greed can be a very strong force which would inevitably make us lose.

Haha thanks, and yes crash is an unpredictable game but I make like double in an hour for doing that game. but yes at the end Im really crash all of my balance.

Do people mistakes in life but some mistakes are such that it is difficult to recover from them.
Unless he does not have any proper source of income, where he can get reasonable money, he can't get out of it.

I know right but the good thing for now is pay the debt or something bad gonna happen, I know it will be hard but the interest on loan money keeps adding.

I have only played crash for fun. Or at least try to only do it for fun. Because of that reason I only wager small amounts in crash, with a maximum wager of 1$ at the same time.
Since crash is the kind of game which allows one to see the wager of others, sometimes I get impressed how much others are willing to wager at the same time, thousands at the same time.
By the way, perhaps if you managed to learn when to stop, you could have more successful sessions and even withdraw some profit.
Crash is not the the ideal game for someone who can suffer some anxiety like me, hence why I have tried to stick to low paced experiences, like blackjack.

[redsun114]

It is important for every gambler to use their own money in betting and not to look for borrowed money to be able to gamble when they don't have their own money to gamble, because this will be a problem when we can't win at gambling and we have to pay back the money we have borrowed.

And it's not just about the money to be repaid as a loan will also have interest piling up for as long as they keep delaying the repayment date. One can only be safe from interest on borrowed money if they have borrowed it from someone they know and asked them to repay the same amount after a certain period without paying any interest and they might have agreed for the sake of friendship or relationship they have, but if that isn't the case, the person will have to pay way more than they have borrowed.

That's why, a person should never think that they will borrow some money and then use that money to win a lot of money from gambling and then repay the loan with that money because that isn't going to happen and only the most luckiest people can be able to make things like that possible for themselves.

[Accardo]

We are well aware of the risks of gambling with stolen money, especially from loan sharks. How they did it? harsh and merciless. Still, lets go further. We know the risk when we bet our own money: if we lose, its gone. But what about the effects on the mind? A lot of the time, we think we're better than we really are because we're the lucky one. The danger is in the way people think, not in where the money comes from. Basically, gambling should be a way to have fun, not a way to make money. Remember that the house always has the better chances. How about some responsible gambling? It has to do with knowing when to stop and setting limits. The point is not where the money comes from, but how we deal with danger and reward. We gamble for fun, not to get money for things we need. The real risk is believing we can beat a system that is set up to make money

That's why we have to realize that borrowing from anyone to gamble is the wrong decision and we should avoid it because of the risk factor of loss that we can experience when gambling. We should take risks with our own money rather than use money from other people because, with our own money, if the money runs out, we are not responsible for returning the money. But we shouldn't need to use the money to gamble, let alone spend all the money we have. We will only have difficulty paying back the money we borrow if we decide to borrow money from other people. And it is true what you say that gambling is just for fun and not to earn money because that is a difficult thing to do.

Borrowing money is an experience, for inexperienced gamblers, to grow and understand the risk involved in gambling. Not every gambler prefer staking games with their own money and stopping when the money is gone. They'll try some more with borrowed money. If you remember a thread where a forum member wants to set up a lending service for gamblers. You'd notice how huge the number of gamblers that borrow to finance their gambling habit would be. Thereby leading them to depression and addictions. And from the survey, in the forum, many members responded that they'll never crowdfund an irresponsible gambler. Hence, putting the gamblers in a more severe pains, since their family won't stand for them in times of trouble or despair. It's quite a difficult time for OP and his family may not know about this, as he'd sound like a clown to them. This thread wouldn't sound like a warning, but a piece of advise for other newbies, not to be carried away by the effects of winning big in gambling, chasing loses or being too excited over a particular game that we spend more than we should, to catch up with the trills. Gamblers must control the way they spend money in gambling, everyone has other priorities or utilities that requires money, not just gambling.

[AicecreaME]

And it's not just about the money to be repaid as a loan will also have interest piling up for as long as they keep delaying the repayment date. One can only be safe from interest on borrowed money if they have borrowed it from someone they know and asked them to repay the same amount after a certain period without paying any interest and they might have agreed for the sake of friendship or relationship they have, but if that isn't the case, the person will have to pay way more than they have borrowed.

That's why, a person should never think that they will borrow some money and then use that money to win a lot of money from gambling and then repay the loan with that money because that isn't going to happen and only the most luckiest people can be able to make things like that possible for themselves.

I agree with this.

Interest will keep on piling up if you borrowed it from a loan shark or a loan app. They offer high interest rates which will make it hard for you to pay it in full immediately. So you should really think twice and be wise when it comes to money matters. If you do not really need money for urgent concerns, I suggest to avoid borrowing money, especially if you will just use it as your fund in gambling. If you are thinking that you could double that and then pay later on, sorry to burst your bubble, but winning in gambling isn't guaranteed. If worse comes to worst, you'll have a hard time paying back the money you used in betting which could place you in a tough time since it will have high overall amount due to interest per day/month.

[rahmad2nd]

I once gambled with money from borrowing, but I still have more calculations when borrowing, namely how much I can afford to pay it immediately because of course from a loan that at least requires interest that must be paid which if not repaid immediately can even make our debt even bigger, but I only did it once and it was still limited by my ability to pay the debt.
Unfortunately for you, losses before making a loan do not stop you but continue again and that is often a problem for gamblers, always trying to recover what they have lost, even though it is quite impossible to achieve, in fact, it would be better to forget and if you return to playing, just do it normally and with money that you can afford to lose.

To be honest, I never took out a loan to fulfill my passion for gambling. btw, what I said is for now. In the past, I didn't borrow money, but rather pawned what I had. There are many examples, such as watches that have good prices, cars, property and so on. at crypto casinos, I am safe and not involved with anything related to loans for gambling. but whatever the concept, whether borrowing or pawning, it is not just the debt that we have to pay off and it is not just the goods that we redeem. However, there is interest that we must pay instead. So, there's no difference anyway. The point is, we have to resolve it with a valid and mutually agreed agreement.

And referring to what you said, we agree with that. Believe it or not, we will be burdened by what we have done. if we are unlucky, we have to pay it quickly. but it will also be a burden, and even add to other problems that we have to solve. and what the OP said is in this thread, is a fact that gamblers often experience. In fact, I applaud OP for pointing out her own mistake. In essence, I will say something that is no different from what you said. it's better to play with a small bankroll, rather than borrowing money that ends up causing problems. it is better to remain silent without forcing, if we do not have the funds to carry out a gambling session. At least, we will avoid problems that should not have happened or that we could have prevented.

[Wiwo]

Why should you take a loan just to gamble with,  thos is a bad approchysince this can lead you into debt that may become hard for you to repay,  even as you said you took the loan from the bank,  most time banks loans come with a lot of interest and now that you have lost the money,  how then will you pay back the money,  this is the reason why we always advise against gambling addictions.

Because if you have been an experienced gambler,  you should have known that loans are no good area for gambling and also,  you should not chase after your losses just like in this case.

[rachael9385]

And it's not just about the money to be repaid as a loan will also have interest piling up for as long as they keep delaying the repayment date. One can only be safe from interest on borrowed money if they have borrowed it from someone they know and asked them to repay the same amount after a certain period without paying any interest and they might have agreed for the sake of friendship or relationship they have, but if that isn't the case, the person will have to pay way more than they have borrowed.

That's why, a person should never think that they will borrow some money and then use that money to win a lot of money from gambling and then repay the loan with that money because that isn't going to happen and only the most luckiest people can be able to make things like that possible for themselves.

I agree with this.

Interest will keep on piling up if you borrowed it from a loan shark or a loan app. They offer high interest rates which will make it hard for you to pay it in full immediately. So you should really think twice and be wise when it comes to money matters. If you do not really need money for urgent concerns, I suggest to avoid borrowing money, especially if you will just use it as your fund in gambling. If you are thinking that you could double that and then pay later on, sorry to burst your bubble, but winning in gambling isn't guaranteed. If worse comes to worst, you'll have a hard time paying back the money you used in betting which could place you in a tough time since it will have high overall amount due to interest per day/month.

Given out loan is just another way of making money, how? There are a lot of companies that offers loans such as banks and government but truth be told, those are their business, although, it is risky but let me say as there are risk in other business and investment, so there is also risk in loan businesses.
However, I can't take a loan just to gamble because I will put my self into trouble, loans money are meant to solve some urgent bills and not to have fun, as there are high interest in loans, I can not advise someone to collect loans just for the sake of gamble.
Using loan money will put one into danger just like the Op so gamblers should avoid it and gamble only with their own money, at the same time gamble with what they can afford to lose.

[Agbe]

In your story I see greediness and not really addiction. Gambling addiction is the process which a gambler is perpetually gambling in the casino hall or the site. There are time he would win, then he would take it home and spend it all and come back again but whereby a gambler who won a game and is not satisfied with the winning and used the winning to gamble to win bigger amount of money is no longer only an addicted gambler but a greedy gambler. As for me I like addicted gamblers more than greedy gamblers because addicted gamblers because addicted gamblers give gift to friends and whenever they win bet but greedy gamblers because their greediness they wouldn't give there friends any thing. We have been saying this for many times but gamblers refused to listen because of their big eyes (greediness) in games. Taking loan to invest and to gamble is for the owners risk. It might even take away once life by committing suicide because of the loan. Therefore avoid it with all alacrity. It will make you from Grace to Grass. Op has experienced it so he is warning you now.

[erep]

We must avoid loans for gambling needs, never apply for a bank loan or online loan which determines high interest and is not worth it if you don't need emergency funds, gambling using borrowed funds is not recommended because the risk is very high. You are not guaranteed to make a profit and you will be trapped in a loan with increasingly higher interest rates.

You should gamble according to your financial limits, gambling for entertainment does not require high funds and you will not worry if you lose at gambling because it will not impact your finances.

[Doan9269]

It's only an irresponsible gambler that will go ahead in taking money for loan to gamble with it when they don't have any sure means of returning it back, we should gamble when we are free on our leisure time and also have some money at hand for that purpose, it's not a good idea to use loan fun for gambling, we can rather look for other means like earningfrom what we do or can do and not what will make others loss their interest on us.

[Dewi Aries]

It's only an irresponsible gambler that will go ahead in taking money for loan to gamble with it when they don't have any sure means of returning it back, we should gamble when we are free on our leisure time and also have some money at hand for that purpose, it's not a good idea to use loan fun for gambling, we can rather look for other means like earningfrom what we do or can do and not what will make others loss their interest on us.

Many people gamble by forcing it without looking at their limited financial situation. With their limited financial situation but they are already addicted to gambling so they will do anything to make money, but what they do is mostly wrong, because they are not working. They do anything to make money so they can gamble again but harming others also invites problems that have a big risk. such as, Borrowing money, there are some people who make loans to their friends or family members by force and there can even be violence because of borrowing money, and making online loans where this will bring problems in the future that can involve more than 1 person.
It would be nice to gamble with our own money and if there is no money it is better to just hold it, or vent it on other things that can avoid gambling activities.

[mamesso]

That's human nature, when you win, you want to get a bigger win, but when you lose, you are very obsessed with wanting to get back the money you just spent in gambling games. As much as possible, you should avoid gambling using borrowed money. Loan money must be repaid for whatever reason, especially since there is an interest charge on the loan.

You will suffer three losses if you fail to win when gambling using borrowed money. Firstly, losing a bet causes the money to run out, secondly you have to pay off the loan and thirdly you have to pay the interest according to the initial agreement when taking out the loan. Be a responsible gambler, don't force yourself to gamble too much if you don't have money ready to lose because there will be a big risk faced if you lose in gambling.

[moneystery]

i'm sorry about what you're experiencing now, i hope your problem will be resolved quickly. but from your experience we can learn that gambling with debt is not very good. a gambler must avoid debt for their gambling because gambling is something that is risky and if they make one wrong move, they will fall into a debt trap.

and again, a gambler must also be able to control their greed because that is what most often leads a gambler down. when they cannot control their greed, what happens is that they make bad decisions and in the end they will regret having done that.

your experience has become an example for me and everyone here that going into debt for gambling and not being able to control yourself will lead you down. thank you for sharing this valuable experience, i hope you can be strong.

[ethereumhunter]

Borrowing money is an experience, for inexperienced gamblers, to grow and understand the risk involved in gambling. Not every gambler prefer staking games with their own money and stopping when the money is gone. They'll try some more with borrowed money. If you remember a thread where a forum member wants to set up a lending service for gamblers. You'd notice how huge the number of gamblers that borrow to finance their gambling habit would be. Thereby leading them to depression and addictions. And from the survey, in the forum, many members responded that they'll never crowdfund an irresponsible gambler. Hence, putting the gamblers in a more severe pains, since their family won't stand for them in times of trouble or despair. It's quite a difficult time for OP and his family may not know about this, as he'd sound like a clown to them. This thread wouldn't sound like a warning, but a piece of advise for other newbies, not to be carried away by the effects of winning big in gambling, chasing loses or being too excited over a particular game that we spend more than we should, to catch up with the trills. Gamblers must control the way they spend money in gambling, everyone has other priorities or utilities that requires money, not just gambling.

However, borrowing money to use for gambling will be riskier, especially if we don't have a steady income that can cover the losses we incur from gambling. We will not be able to pay the loan money and we will definitely be in serious trouble, especially if we are constantly being chased to return the loan money. If they decide to borrow while they don't have good responsibility in gambling, they will have difficulty paying back the money because in gambling, we don't know when we will win but we will probably lose more often. This thread advises all of us not to gamble using borrowed money, especially when we have used up a lot of savings that we actually prepared for the future. Those who want to borrow money just to gamble should think twice about their plans. They can plan what they will do with the borrowed money and use it for gambling. But they also have to pay attention that in gambling, they may not always win but may lose a lot of money. If they can realize this, they should not need to borrow money to gamble but instead use their own money by trying to allocate funds for gambling and try to be responsible with the funds that will be used for gambling.

[Litzki1990]

It's only an irresponsible gambler that will go ahead in taking money for loan to gamble with it when they don't have any sure means of returning it back, we should gamble when we are free on our leisure time and also have some money at hand for that purpose, it's not a good idea to use loan fun for gambling, we can rather look for other means like earningfrom what we do or can do and not what will make others loss their interest on us.

Gambling on credit is never a good decision for a gambler, a professional gambler would never do such a thing, gambling on credit is at your own risk. When we gamble with debt, there will be many tensions in our mind about how we will repay this debt or we must make a profit by gambling. When there are multiple tensions in the head, we cannot take the right decision even if we want to. Any decision should be taken with a cool head but if we gamble with loans then we will never have a cool head which will never take the right decision. Borrowing money in an uncertain place is foolish, how we think of gambling with loans where all money can vanish in seconds.

[gabbie2010]

Gambling with loan should be avoided. But not only that, also gambling with the amount of money that you can not afford to lose should be avoided. The reason I said this is because despite it is not advisable for gamblers to gamble with the amount they can not afford to lose, if they do, they are more likely to lose the money in their bank or wallet address and what they will look to is to get a loan if possible, so that they can continue to gamble. What will also still happen is that they will lose.

That is the biggest mistake that can be made by any gambler is to go and borrow money for gambling, If I have a job with some steady income I would only gamble with just 1% of my monthly income just to earn extra income, I won't embark on a gambling streaks that would prompted me to go bankrupt, the issue of the OP is a pure case of an addicted gambler and I commend him for sharing his sad experience as a consequence of being an addicted gambler his example would enable a lot of intending gamblers to take of note of the consequences of being addicted to gambling and how it can ruin our finances.

[Jody.Drummer]

Of course that's a completely ridiculous approach to gambling, they think that next session they'll get lucky and break even so they're desperate enough to take out a loan just to gamble, it's completely out of my mind. After all, it's just gambling where the end result really can't be predicted and only depends on your luck at the time, so with that alone I think they should be able to consider that excessive behavior in gambling is really not recommended and should not be done.

Your advice is quite good but I think by putting 20% of our income for gambling is too big, for myself honestly the most I only dare to put 10% of the income I have for gambling, but it doesn't matter if they are able to account for everything and are able to accept whatever the results are the point is not to affect mentally, psychologically and costs for your life. Statistically it is usually the beginners who are most vulnerable, it is true because beginners will usually be ambitious when they see a chance of winning, so you and they must be more careful and change that mindset.

Gambling as entertainment rather than a source of income can be exciting but perilous. Like a movie ticket, we pay for the experience, not the result. Making 10% of your income from gambling? What a commitment! Gambling should be a fun side dish, not our financial main entrée. Wouldn't we rather invest or save that money? Gamblers' zeal often blinds them to its harsh reality. Teaching a child to ride a bike doesn't start on a mountain trail. They must comprehend the fundamentals and risks. Gamblers must learn the odds, know when to stop, and most importantly, avoid mental, financial, and psychological harm. Shouldn't we promote responsible gambling and balanced risk-taking?

In fact, if you want to gamble with the aim of fun, it is still dangerous as you said because obviously you can get carried away unconsciously, well, let alone gambling with the aim of earning, it's the same as agreeing with all the bad effects that will befall you. But on the other hand it is quite difficult to be able to bring the right mindset and common sense or the intention of gambling with what is recommended such as entertainment, several factors influence so that they gamble with the aim of earning, one of which is like a low economic situation that is very likely to make them make gambling a place to earn income, especially if they always hear some victories achieved by others that can trigger them to become more enthusiastic.

Yes that is true, we should divert the 10% of funds for gambling to other things like what you said saving it or saving it because it is better, I understand that it is the best choice but the problem is that it is not that easy to make a decision like you suggest unanimously, because we or they are quite active gamblers so it is quite difficult to be able to stop completely in a short time, as I experienced, I could not completely stop but by always trying to reduce the percentage of money that wanted to be allocated to gambling it made me lose interest slowly, that's what I mean and my goal.

[shogun47]

I empathize with what you're going through. Two years is indeed a long time, and it's like being shackled by severe financial constraints. This can be a valuable lesson for all of us, emphasizing the real dangers of addiction. Even borrowed money should be used wisely to ensure smooth bill payments.

I sincerely hope you find a job with a good income soon to expedite the repayment of your debts. Also, I hope you won't repeat this mistake in the future. If I were in your position, I might feel deeply affected by such circumstances.

But the analysis of his wrongdoing is so exact that I wonder why he risked a period of two years necessary to recover in case it goes wrong. If you are able beforehand to calculate the cost of your action like that, I mean it also takes a lot to go for it if you know that it takes two years until you can finally breath normally again in terms of financials. On the one hand, it is a sad story because I wish nobody to have bad times ahead of them, but on the other hand it is a little bit shocking to see that he went for it regardless of the consequences.

He acted moved by emotion and ignored the rationality to evaluate the potential negative consequences of his decision. He was probably totally focused in recovering what he had already lost previously and the idea of borrowing money seemed the easiest and most immediate one to fulfill that goal.

It's not an uncommon phenomenon in gambling community. Many gamblers have already found themselves on this situation chasing losses and accumulating more losses yet on the process. I believe what we have to understand is that it's not easy for gamblers to think logically and wisely when they are under high pressure and adrenaline, so they go through the wrong route.

That is why it's so important to have a supportive network of familiars and friends who will discourage and prevent the person from acting during this unstable state of mind.

Of course, but then the best advice would be to do the analysis he provided here before he makes the decision to go for that gamble. If he knows that he is literally risking two years of financial well-being for his family, how the hell would someone draw the conclusion to place that bet or gamble with that money? That is where he should slowed down and take some time before taking action. I don't know if he was sober because that is often the state of mind that leads you to making absolutely fucked up decisions, but still as soon as someone risks not only their own financial well-being, but that of others and the family, that's when to pull the trigger to stop.